Fibonacci Trend [ChartPrime]Fibonacci Trend Indicator
This powerful indicator leverages supertrend analysis to detect market direction while overlaying dynamic Fibonacci levels to highlight potential support, resistance, and optimal trend entry zones. With its straightforward design, it is perfect for traders looking to simplify their workflow and enhance decision-making.
⯁ KEY FEATURES AND HOW TO USE
⯌ Supertrend Trend Identification :
The indicator uses a supertrend algorithm to identify market direction. It displays purple for downtrends and green for uptrends, ensuring quick and clear trend analysis.
⯌ Fibonacci Levels for Current Swings :
Automatically calculates Fibonacci retracement levels (0.236, 0.382, 0.618, 0.786) for the current swing leg.
- These levels act as key zones for potential support, resistance, and trend continuation.
- The high and low swing points are labeled with exact prices, ensuring clarity.
- If the swing range is insufficient (less than five times ATR), Fibonacci levels are not displayed, avoiding irrelevant data.
⯌ Extended Fibonacci Levels :
User-defined extensions project Fibonacci levels into the future, aiding traders in planning price targets or projecting key zones.
⯌ Optimal Trend Entry Zone :
A filled area between 0.618 and 0.786 levels visually highlights the optimal entry zone for trend continuation. This allows traders to refine their entry points during pullbacks.
⯌ Diagonal Trend Line :
A dashed diagonal line connects the swing high and low, visually confirming the range and trend strength of the current swing.
⯌ Visual Labels for Fibonacci Levels :
Each Fibonacci level is marked with a label displaying its value for quick reference.
⯁ HOW TRADERS CAN POTENTIALLY USE THIS TOOL
Fibonacci Retracements:
Use the Fibonacci retracement levels to find key support or resistance zones where the price may pull back before continuing its trend.
Example: Enter long trades when the price retraces to 0.618–0.786 levels in an uptrend.
Fibonacci Extensions:
Use Fibonacci extensions to project future price targets based on the current trend's swing leg. Levels like 127.2% and 161.8% are commonly used as profit-taking zones.
Reversal Identification:
Spot potential reversals by monitoring price reactions at key Fibonacci retracement levels (e.g., 0.236 or 0.382) or the swing high/low.
Optimal Trend Entries:
The filled zone between 0.618 and 0.786 is a statistically strong area for entering a position in the direction of the trend.
Example: Enter long positions during retracements to this range in an uptrend.
Risk Management:
Set stop-losses below key Fibonacci levels or the swing low/high, and take profits at extension levels, enhancing your trade management strategies.
⯁ CONCLUSION
The Fibonacci Trend Indicator is a straightforward yet effective tool for identifying trends and key Fibonacci levels. It simplifies analysis by integrating supertrend-based trend identification with Fibonacci retracements, extensions, and optimal entry zones. Whether you're a beginner or experienced trader, this indicator is an essential addition to your toolkit for trend trading, reversal spotting, and risk management.
การวิเคราะห์แนวโน้ม
PGO For Loop | mad_tiger_slayerPGO For Loop Indicator
The PGO For Loop indicator, inspired by Alex Orekhov's "Pretty Good Oscillator," and indicator originally made by Mark Johnson, the PGO designed as a fast and responsive tool to capture quick price movements in financial markets. This oscillator leverages a combination of moving averages and Average True Range (ATR) to measure price deviations, providing a concise yet powerful framework for identifying potential trade entry and exit points. What makes this
"enhanced" PGO indicator special is its ability to identify trending periods more accurately. By using thresholds, this allows the script to enter accurate long and short conditions extremely quickly.
Intended Uses:
Used to capture long-term trends:
Used to identify quick reversals:
Used on higher timeframes above 8hrs for more accurate signals
Used in strategies to enter and exit trades quickly
Can be used for Scalping
NOT Intended Uses:
Not to be used as Mean Reversion
Not to be used as valuation (Overbought or Oversold)
Key Features:
Quick Detection of Market Movements:
The indicator's primary focus is on speed, making it suitable for medium-term traders looking to capitalize on rapid price changes. It is particularly effective in trending or volatile markets.
Customizable Thresholds:
Users can set upper and lower thresholds to define long and short conditions, offering flexibility to adapt the indicator to different trading styles and asset classes.
Noisy but Purposeful:
While the PGO For Loop may generate frequent signals, it is specifically tuned for traders aiming to enter and exit trades quickly, embracing the noise as part of its effectiveness in capturing rapid market dynamics.
Integrated Visuals:
The script plots key levels and provides dynamic visual feedback through colored candles and shapes, enabling intuitive and quick decision-making.
How It Works:
Oscillator Calculation:
The PGO value is derived by comparing the source price's deviation from its moving average to the ATR. This highlights price movements relative to recent volatility.
Signal Identification:
When the oscillator exceeds the upper threshold, it signals potential long opportunities UNTIL the PGO reaches the lower threshold.
When the oscillator drops below the lower threshold, it signals potential short opportunities UNTIL the oscillator reaches above the upper threshold.
No signals occur when the oscillator lies between these thresholds.
Visual Cues:
Color-coded candles indicate market bias (green for long, red for short, gray for neutral).
Upward and downward triangles highlight changes in signal direction.
Note:
This indicator is intentionally "noisy," as it prioritizes capturing fast movements over filtering out minor fluctuations. Users should pair it with other tools or techniques to confirm signals and manage risk effectively.
Fibonacci Retracement MTF/LOGIn Pine Script, there’s always a shorter way to achieve a result. As far as I can see, there isn’t an indicator among the community scripts that can produce Fibonacci Retracement levels (linear and logarithmic) as multiple time frame results based on a reference 🍺 This script, which I developed a long time ago, might serve as a starting point to fill this gap.
OVERVIEW
This indicator is a short and simple script designed to display Fibonacci Retracement levels on the chart according to user preferences, aiming to build the structure of support and resistance.
ORIGINALITY
This script:
Can calculate 'retracement' results from higher time frames.
Can recall previous time frame results using its reference parameter.
Performs calculations based on both linear and logarithmic scales.
Offers optional multipliers and appearance settings to simplify users’ tasks
CONCEPTS
Fibonacci Retracement is a technical analysis tool used to predict potential reversal points in an asset's price after a significant movement. This indicator identifies possible support and resistance levels by measuring price movements between specific points in a trend, using certain ratios derived from the Fibonacci sequence. It is based on impulsive price actions.
MECHANICS
This indicator first identifies the highest and lowest prices in the time frame specified by the user. Next, it determines the priority order of the bars where these prices occurred. Finally, it defines the trend direction. Once the trend direction is determined, the "Retracement" levels are constructed.
FUNCTIONS
The script contains two functions:
f_ret(): Generates levels based on the multiplier parameter.
f_print(): Handles the visualization by drawing the levels on the chart and positioning the labels in alignment with the levels. It utilizes parameters such as ordinate, confirmation, multiplier, and color for customization
NOTES
The starting bar for the time frame entered by the user must exist on the chart. Otherwise, the trend direction cannot be determined correctly, and the levels may be drawn inaccurately. This is also mentioned in the tooltip of the TimeFrame parameter.
I hope it helps everyone. Do not forget to manage your risk. And trade as safely as possible. Best of luck!
[blackcat] L3 Bullish Grab SignalOVERVIEW
The " L3 Bullish Grab Signal" indicator is designed to identify bullish trends and potential buying opportunities in the market. It uses a combination of moving averages and custom calculations to generate signals. The indicator is set to not overlay on the price chart, meaning it will have its own panel below the main chart, and it updates based on the specified timeframe.
FEATURES
Input Parameters:
shortEmaPeriod: Default value is 13, used for the shorter-term EMA.
longEmaPeriod: Default value is 34, used for the longer-term EMA.
signalEmaPeriod: Default value is 5, used to smooth the difference between the short and long EMAs.
lookbackPeriod: Default value is 60, used to look back over a certain number of bars for specific calculations.
Variable Calculations:
priceWeightedAverage: Calculated as (close * 2 + high + low) / 4 * 10, a custom price point.
shortEma: EMA of priceWeightedAverage over the short period.
longEma: EMA of priceWeightedAverage over the long period.
signalEma: EMA of the difference between shortEma and longEma, smoothed over the signalEmaPeriod.
oscillatorValue: Calculated as 2 * (shortEma - longEma - signalEma) * 5.5, a custom oscillator.
positiveOscillatorValue: Positive part of oscillatorValue, setting negative values to zero.
bullishSignal: True when positiveOscillatorValue increases and was previously negative.
confirmedBullishSignal: True when the bullish signal is confirmed by certain conditions involving the oscillator values and price increases.
priceIncreaseThreshold: Checks if the close price increased by more than 7% from the previous bar.
strongBullishSignal: Combines the bullish signal with the confirmed signal and the price increase threshold.
confirmedStrongBullishSignal: When all conditions for a strong bullish signal are met.
weakBullishSignal: Bullish signal that doesn't meet the strong criteria but still shows some strength.
Plotting:
Oscillator Value: Plots the raw oscillator value in white.
Positive Oscillator Value: Plots only the positive part of the oscillator value in white.
Strong Bullish Signal Stick: Plots a red candlestick when a strong bullish signal is confirmed, using the highest positive oscillator value over the lookback period.
Bullish Signal Stick: Plots a white candlestick for a bullish signal that isn't necessarily strong.
Weak Bullish Signal Stick: Plots a green candlestick for a weak bullish signal.
Positive Trend: Plots yellow candlesticks when the oscillator value is positive.
Negative Trend: Plots fuchsia candlesticks when the oscillator value is negative.
Numbers on Candles: Represents the breakout strength as a percentage change in price.
HOW TO USE
Install the Script: Add the script to your TradingView chart.
Customize Inputs:
Adjust the shortEmaPeriod, longEmaPeriod, signalEmaPeriod, and lookbackPeriod as needed.
Interpret the Charts:
Red Candles: Indicate a strong bullish trend, suggesting a potential buying opportunity.
White Candles: Indicate bullish signals that are not as strong but still suggest a buying opportunity.
Green Candles: Indicate weak bullish signals, suggesting a possible buying opportunity but with less confidence.
Yellow Candles: Indicate a positive trend, suggesting the market is in an uptrend.
Fuchsia Candles: Indicate a negative trend, suggesting the market is in a downtrend.
Numbers on Candles: Show the breakout strength as a percentage change in price.
Analyze Trends and Signals:
Use red candles to identify strong bullish signals, especially if the price has increased by more than 7% from the previous bar.
Monitor white and green candles for potential entries with lower confidence.
Avoid trading during fuchsia candles, as the market is in a downtrend.
MARKET MEANING AND TRADING USAGE
Strong Bullish Signal (Red Candles): Indicates a significant price increase and momentum, suggesting a strong buying opportunity.
Bullish Signal (White Candles): Suggests a buying opportunity but with less confidence compared to strong signals.
Weak Bullish Signal (Green Candles): Indicates a possible buying opportunity with even lower confidence.
Positive Trend (Yellow Candles): Suggests the market is in an uptrend.
Negative Trend (Fuchsia Candles): Suggests the market is in a downtrend.
Trading Strategy:
Buy: When a strong bullish signal is confirmed (red candle), especially if the price has increased by more than 7% from the previous bar.
Monitor: Watch for bullish signals (white candles) and weak bullish signals (green candles) for potential entries with lower confidence.
Avoid: During negative trends (fuchsia candles), as the market is in a downtrend.
LIMITATIONS
Simplicity: The implementation is based on a combination of moving averages and custom calculations, which might not capture all aspects of market dynamics.
Close Price Dependency: Uses close prices to determine trends and signals, which might not reflect intrabar price movements and trade imbalances accurately.
Historical Data: The script is based on historical data and does not guarantee future performance.
NOTES
Educational Tool: The script is designed for educational purposes and should not be considered financial advice.
Backtesting: Users are encouraged to backtest the strategy on a demo account before applying it to live trades.
Complementary Use: Best used in conjunction with other indicators and analysis methods for more accurate trading decisions.
THANKS
Special thanks to the TradingView community for their support and feedback.
Triple MA For Loop [SeerQuant]Triple MA For Loop
The Triple MA For Loop (TMA FL) by SeerQuant is an advanced moving average-based indicator designed to dynamically detect trends through a combination of three smoothed moving averages and iterative evaluation using a for-loop mechanism. This innovative approach enhances trend detection while filtering out noise, providing actionable insights into market trends.
--------------------------------------------------------------------------------------------------
⚙️ How It Works
1️⃣ Triple Moving Average Calculation
This indicator calculates three moving averages (MA1, MA2, MA3) using a customizable moving average type, such as SMA, EMA, SMMA, WMA, and more. These are combined mathematically to derive the Triple Moving Average (TMA), which smooths trends while remaining responsive to market shifts.
2️⃣ Iterative For-Loop Evaluation
The TMA is passed through a for-loop, iterating over a user-defined range to calculate a cumulative trend score. This score reflects the balance between bullish and bearish signals across the looped period.
3️⃣ Threshold Logic
The trend score is compared against customizable Uptrend and Downtrend thresholds to determine the current market regime:
Bullish (Uptrend): When the score exceeds the upward threshold.
Bearish (Downtrend): When the score falls below the downward threshold.
Neutral: When the score lies between thresholds.
4️⃣ Dynamic Visual Representation
Line: A colored histogram represents the trend score, dynamically adjusting based on market conditions.
Candlestick Coloring: Optional candle coloring visually enhances trend identification on the chart.
Signals: Arrow markers highlight transitions into bullish or bearish states for clear, actionable signals.
--------------------------------------------------------------------------------------------------
✨ Customizable Settings
1. Moving Average Settings:
Choose from various MA types (SMA, EMA, SMMA, etc.)
Set the length and source for MA calculations.
2. For-Loop Settings:
Define loop start, end, and thresholds for trend detection.
3. Style Settings:
Toggle candle coloring for better visualization.
Select from five unique color schemes to match your chart style.
--------------------------------------------------------------------------------------------------
🚀 Features and Benefits
Dynamic Trend Detection: Detects market trends with precision using iterative for-loop calculations.
Visual Clarity: Color-coded oscillator, candles, and threshold levels for intuitive trend identification.
Highly Customizable: Adapt to your trading style with flexible inputs and multiple moving average options.
--------------------------------------------------------------------------------------------------
📜 Disclaimer
This indicator is for educational purposes only and does not constitute financial advice. Past performance is not indicative of future results. Users should consult with a licensed financial advisor before making trading decisions. Use at your own risk.
--------------------------------------------------------------------------------------------------
[MAD] Weighted Trend Detector--> Purpose
The Weighted Trend Detector evaluates market direction by combining multiple technical indicators (RSI, MACD, Moving Averages, ADX, and Volume) across up to three different timeframes.
It calculates an overall trend score to help visualize whether conditions are bullish, bearish, or neutral.
--> Scaling & Weightings
Each component indicator contributes a score between -1.0 and +1.0. User-defined weights (e.g., 0.2 for RSI, 0.3 for MACD) determine how much each indicator influences the final score. An adaptive scaling mechanism ensures extreme values remain in view by dynamically setting the minimum and maximum of the score range over a specified lookback period.
--> Basic Parameters of Individual Indicators
RSI Period: Number of bars for the Relative Strength Index calculation; higher values smooth out noise but may lag.
MACD Fast/Slow/Signal: EMA-based periods to identify momentum shifts. A shorter “Fast” length reacts quickly, while a longer “Slow” length is smoother.
Moving Averages (Short & Long Lengths): Simple Moving Averages used to gauge shorter- vs. longer-term price direction.
ADX Length: Defines how many bars are considered when measuring trend strength. Higher values produce smoother ADX lines.
Volume MA Length: Period over which the average volume is calculated to compare against current volume.
--> Colors & How They Are Mixed
The background color scales from a negative color (for lower scores) to a positive color (for higher scores).
Near the highest or lowest parts of the score range, additional blending occurs if the slope (change in score) reverses:
Turning Down: Mixes with a user-chosen “warning” color if the score is high but moving lower.
Turning Up: Mixes with a user-chosen “recovery” color if the score is low but moving higher.
All colors (including line and label text) can be adjusted in the script’s inputs to suit personal preferences.colors are customizable via inputs.
Have fun :-)
Predictive Ranges, SMA, RSI strategyThis strategy combines three powerful technical indicators: Predictive Ranges, Simple Moving Average (SMA), and Relative Strength Index (RSI), to help identify potential market entry and exit points.
Key Features:
Predictive Ranges: The strategy utilizes predictive price levels (such as support and resistance levels) to anticipate potential price movements and possible breakouts. These levels act as critical points for making trading decisions.
SMA (Simple Moving Average): A 200-period SMA is incorporated to determine the overall market trend. The strategy trades in alignment with the direction of the SMA, taking long positions when the price is bellow the SMA and short positions when it is above. This helps ensure the strategy follows the prevailing market trend.
RSI (Relative Strength Index): The strategy uses the RSI (14-period) to gauge whether the market is overbought or oversold. A value above 70 signals that the asset may be overbought, while a value below 30 indicates that it might be oversold. These conditions are used to refine entry and exit points.
Entry & Exit Logic:
Long Entry: The strategy enters a long position when the price crosses above the predictive resistance level (UpLevel1/UpLevel2), and RSI is in the oversold region (below 30), signaling potential upward movement.
Short Entry: The strategy enters a short position when the price crosses below the predictive support level (LowLevel1/LowLevel2), and RSI is in the overbought region (above 70), signaling potential downward movement.
Exit Strategy: The exit levels are determined based on the predictive range levels (e.g., UpLevel1, UpLevel2, LowLevel1, LowLevel2), ensuring that trades are closed at optimal levels. A stop loss and take profit are also applied, based on a user-defined percentage, allowing for automated risk management.
Strategy Advantages:
Trend Following: By using SMA and predictive ranges, this strategy adapts to the prevailing market trend, enhancing its effectiveness in trending conditions.
RSI Filtering: The RSI helps avoid trades in overbought/oversold conditions, refining entry signals and improving the likelihood of success.
Customizable: Traders can adjust parameters such as stop loss, take profit, and predictive range levels, allowing them to tailor the strategy to their preferred risk tolerance and market conditions.
This strategy is designed for traders who prefer a combination of trend-following and mean-reversion techniques, with a focus on predictive market levels and essential momentum indicators to improve trade accuracy.
EBL - Enigma BOS LogicThe EBL - Enigma BOS Logic indicator is designed to detect key trend reversal points with precision by leveraging a unique concept based on two-candle price action analysis. Inspired by the balance of pairs in creation, this indicator identifies trend changes by focusing on significant bullish and bearish candle pairs, storing key levels, and waiting for confirmation to provide actionable trade signals. It goes beyond conventional trend-following indicators by offering real-time alerts and clear visual cues for traders.
How It Works
Bullish Setup:
The indicator identifies a bullish candle followed by a bearish candle. It then stores the high of the bullish candle as a potential reversal level.
A bullish confirmation occurs when a future bullish candle closes above the stored high. When this happens:
A green arrow is plotted below the confirming candle.
A horizontal green line is drawn at the stored high level, extending forward by a user-defined number of bars.
An alert is triggered to notify the trader of a confirmed bullish trend.
Bearish Setup:
The indicator identifies a bearish candle followed by a bullish candle. It stores the low of the bearish candle as a potential reversal level.
A bearish confirmation occurs when a future bearish candle closes below the stored low. When this happens:
A red arrow is plotted above the confirming candle.
A horizontal red line is drawn at the stored low level, extending forward by a user-defined number of bars.
An alert is triggered to notify the trader of a confirmed bearish trend.
Touch or Cross Alerts:
In addition to initial trend confirmation, the indicator tracks price movements relative to the drawn horizontal lines.
If the price returns to touch or cross a previously drawn horizontal line, an alert is triggered, indicating a potential re-entry or retracement opportunity.
Customization Options
To make the indicator versatile and adaptable for different trading styles, several customization options are provided:
Line Colors: Traders can customize the colors of the bullish and bearish lines.
Show/Hide Arrows and Lines: Users can choose whether to display the arrows and horizontal lines on the chart.
Line Length: The length of the horizontal lines (number of bars they extend into the future) is user-defined, offering flexibility based on trading timeframes and preferences.
Use Cases
Trend Reversal Detection: EBL is ideal for identifying key trend reversals, allowing traders to enter trades with a high probability of success.
Breakout Confirmation: The indicator provides visual and alert-based confirmation of breakouts beyond critical support or resistance levels.
Re-entry Opportunities: With alerts for price touching or crossing horizontal lines, traders can spot potential re-entry points during retracements.
Conceptual Foundation
The methodology behind this indicator is rooted in the principle that markets often move in pairs of bullish and bearish forces. By tracking the interaction between consecutive bullish and bearish candles and waiting for clear confirmations, this indicator ensures that only high-probability trend changes are signaled. This reduces noise and enhances trading accuracy, making it suitable for scalping, day trading, and swing trading across various timeframes.
How to Use
Apply the indicator to any chart and timeframe of your choice.
Set your preferred customization options, including line colors, arrow display, and line length.
Watch for arrows and listen for alerts to identify confirmed trend changes.
Pay attention to touch or cross alerts on horizontal lines, as these can signal potential re-entry or secondary trade opportunities.
Combine with other analysis: While EBL is powerful on its own, combining it with support/resistance analysis, moving averages, or volume indicators can further enhance its effectiveness.
This indicator is a powerful tool for traders seeking precision in identifying trend changes and actionable trade signals. Its unique logic, real-time alerts, and clear visual cues make it a valuable addition to any trader’s toolkit.
Fractals & Trend Dashboard
---
### **Fractals & Trend Dashboard**
#### **Overview:**
The **Fractals & Trend Dashboard** is a powerful all-in-one indicator designed for traders who want to analyze market trends, identify key reversal points, and monitor volume dynamics. It combines **fractals**, **Volume Delta**, and **trend analysis** into a single, easy-to-use tool.
---
#### **Key Features:**
1. **Fractals:**
- Detects upper and lower fractals on the chart.
- Displays fractals as triangles (green for upper, red for lower).
- Customizable fractal period.
2. **Volume Delta:**
- Shows the difference between buying and selling volumes.
- Color-coded for quick analysis:
- **Green:** Strong buying pressure.
- **Red:** Strong selling pressure.
- **Gray:** Neutral volume.
- **Orange:** Extreme volume (potential trend reversal).
3. **Trend Analysis:**
- Highlights the current trend based on fractals and Volume Delta.
- Identifies potential trend reversal points.
4. **Dashboard Panel:**
- Displays key data (e.g., current Volume Delta, trend status) in a compact text panel.
---
#### **Why Use It?**
- **All-in-One Tool:** Combines multiple analysis tools into one indicator.
- **Customizable:** Adjust fractal periods, Volume Delta thresholds, and more.
- **User-Friendly:** Clear visuals and a compact dashboard for quick analysis.
---
#### **How to Use:**
1. Add the **Fractals & Trend Dashboard** to your chart.
2. Customize settings (e.g., fractal period, Volume Delta thresholds).
3. Analyze:
- **Fractals** for reversal points.
- **Volume Delta** for buying/selling pressure.
- **Dashboard** for quick insights.
---
#### **Ideal For:**
- **Traders:** Suitable for forex, stocks, and crypto.
- **Trend Analysis:** Identify trends and reversals.
- **Scalping:** React quickly to volume changes.
---
PENTAD THEORY 30 MINUTE INITIAL BALANCE With Candle HighlightThis indicator is designed to highlight the 30-minute initial balance range, visualize key retracement levels, and provide insights into market behavior based on defined conditions. It also enhances clarity by applying specific color changes to the :06 and :36 minute candle in relative 30-minute intervals.
Key Features:
Initial Balance Box:
Automatically creates a price range (box) representing the first 6 minutes of each 30-minute interval.
The box dynamically updates during this period to capture the high and low prices.
Color-Coded Zones:
Inside the Box: Yellow background indicates price trading within the range.
Above the Box: Green background shows price breaking above the range.
Below the Box: Red background reflects price breaking below the range.
EMA Overlay:
Plots 3 customizable EMAs (default lengths: 9, 21, 55).
Each EMA can be toggled on/off and colored individually for trend analysis.
Retracement Levels:
Automatically calculates and displays key Fibonacci retracement levels (61.8% and 38.2%) based on the box size.
Adds a midline for additional price reference.
Candle Highlighting:
The :06 and :36 minute candle in relative 30-minute intervals is highlighted with a customizable blue color to draw attention to specific market activity.
The break above or below the 6 minute candle or the close of the 6 minute candle outside the box can help determine the direction of the 30-minute interval.
How to Use:
Trend Confirmation:
Use the EMAs to identify overall trend direction. For example, a bullish trend is indicated when shorter EMAs (e.g., 9 EMA) are above longer ones (e.g., 55 EMA).
Breakout and Retracement Analysis:
Watch for price breaking out of the initial balance box.
Observe retracement levels (61.8% and 38.2%) as potential areas for reversal or continuation.
Candle Highlight:
Pay special attention to the :06 or :36 minute candle, which is highlighted to signify its relevance in the relative 30-minute cycle.
Customization:
Adjust colors and EMA settings via the input menu to align with your trading style and chart aesthetics.
Ideal For:
Intraday traders looking to analyze initial balance ranges.
Traders focused on breakout, retracement, and trend-following strategies.
Those who benefit from visual clarity and real-time market insights.
Notes:
Ensure your chart is set to a 3-minute timeframe or lower for optimal performance.
This indicator is most effective when combined with other confluence factors, such as support/resistance zones and volume analysis.
Multi-Band Comparison (Uptrend)Multi-Band Comparison
Overview:
The Multi-Band Comparison indicator is engineered to reveal critical levels of support and resistance in strong uptrends. In a healthy upward market, the price action will adhere closely to the 95th percentile line (the Upper Quantile Band), effectively “riding” it. This indicator combines a modified Bollinger Band (set at one standard deviation), quantile analysis (95% and 5% levels), and power‑law math to display a dynamic picture of market structure—highlighting a “golden channel” and robust support areas.
Key Components & Calculations:
The Golden Channel: Upper Bollinger Band & Upper Std Dev Band of the Upper Quantile
Upper Bollinger Band:
Calculation:
boll_upper=SMA(close,length)+(boll_mult×stdev)
boll_upper=SMA(close,length)+(boll_mult×stdev) Here, the 20-period SMA is used along with one standard deviation of the close, where the multiplier (boll_mult) is 1.0.
Role in an Uptrend:
In a healthy uptrend, price rides near the 95th percentile line. When price crosses above this Upper Bollinger Band, it confirms strong bullish momentum.
Upper Std Dev Band of the Upper Quantile (95th Percentile) Band:
Calculation:
quant_upper_std_up=quant_upper+stdev
quant_upper_std_up=quant_upper+stdev The Upper Quantile Band, quant_upperquant_upper, is calculated as the 95th percentile of recent price data. Adding one standard deviation creates an extension that accounts for normal volatility around this extreme level.
The Golden Channel:
When the price crosses above the Upper Bollinger Band, the Upper Std Dev Band of the Upper Quantile immediately shifts to gold (yellow) and remains gold until price falls below the Bollinger level. Together, these two lines form the “golden channel”—a visual hallmark of a healthy uptrend where the price reliably hugs the 95th percentile level.
Upper Power‑Law Band
Calculation:
The Upper Power‑Law Band is derived in two steps:
Determine the Extreme Return Factor:
power_upper=Percentile(returns,95%)
power_upper=Percentile(returns,95%) where returns are computed as:
returns=closeclose −1.
returns=close close−1.
Scale the Current Price:
power_upper_band=close×(1+power_upper)
power_upper_band=close×(1+power_upper)
Rationale and Correlation:
By focusing on the upper 5% of returns (reflecting “fat tails”), the Upper Power‑Law Band captures extreme but statistically expected movements. In an uptrend, its value often converges with the Upper Std Dev Band of the Upper Quantile because both measures reflect heightened volatility and extreme price levels. When the Upper Power‑Law Band exceeds the Upper Std Dev Band, it can signal a temporary overextension.
Upper Quantile Band (95% Percentile)
Calculation:
quant_upper=Percentile(price,95%)
quant_upper=Percentile(price,95%) This level represents where 95% of past price data falls below, and in a robust uptrend the price action practically rides this line.
Color Logic:
Its color shifts from a neutral (blackish) tone to a vibrant, bullish hue when the Upper Power‑Law Band crosses above it—signaling extra strength in the trend.
Lower Quantile and Its Support
Lower Quantile Band (5% Percentile):
Calculation:
quant_lower=Percentile(price,5%)
quant_lower=Percentile(price,5%)
Behavior:
In a healthy uptrend, price remains well above the Lower Quantile Band. It turns red only when price touches or crosses it, serving as a warning signal. Under normal conditions it remains bright green, indicating the market is not nearing these extreme lows.
Lower Std Dev Band of the Lower Quantile:
This line is calculated by subtracting one standard deviation from quant_lowerquant_lower and typically serves as absolute support in nearly all conditions (except during gap or near-gap moves). Its consistent role as support provides traders with a robust level to monitor.
How to Use the Indicator:
Golden Channel and Trend Confirmation:
As price rides the Upper Quantile (95th percentile) perfectly in a healthy uptrend, the Upper Bollinger Band (1 stdev above SMA) and the Upper Std Dev Band of the Upper Quantile form a “golden channel” once price crosses above the Bollinger level. When this occurs, the Upper Std Dev Band remains gold until price dips back below the Bollinger Band. This visual cue reinforces trend strength.
Power‑Law Insights:
The Upper Power‑Law Band, which is based on extreme (95th percentile) returns, tends to align with the Upper Std Dev Band. This convergence reinforces that extreme, yet statistically expected, price moves are occurring—indicating that even though the price rides the 95th percentile, it can only stretch so far before a correction or consolidation.
Support Indicators:
Primary and Secondary Support in Uptrends:
The Upper Bollinger Band and the Lower Std Dev Band of the Upper Quantile act as support zones for minor retracements in the uptrend.
Absolute Support:
The Lower Std Dev Band of the Lower Quantile serves as an almost invariable support area under most market conditions.
Conclusion:
The Multi-Band Comparison indicator unifies advanced statistical techniques to offer a clear view of uptrend structure. In a healthy bull market, price action rides the 95th percentile line with precision, and when the Upper Bollinger Band is breached, the corresponding Upper Std Dev Band turns gold to form a “golden channel.” This, combined with the Power‑Law analysis that captures extreme moves, and the robust lower support levels, provides traders with powerful, multi-dimensional insights for managing entries, exits, and risk.
Disclaimer:
Trading involves risk. This indicator is for educational purposes only and does not constitute financial advice. Always perform your own analysis before making trading decisions.
SoftFox Advanced TradingEste indicador exibe o Ichimoku Kinko Hyo, médias móveis e sinais de compra e venda.
Engulfing Pattern TradingCoffeeThis script is for detecting bullish and bearish engulfing patterns in trading charts. Here’s a brief summary:
User-defined Colors: Allows customization of colors for bullish (green) and bearish (red) patterns.
Pattern Detection: Identifies bullish engulfing when the current close is higher than the previous open and other conditions. Identifies bearish engulfing when the current close is lower than the previous open and other conditions.
Plotting: Marks bullish patterns below the bar with a green “B” and bearish patterns above the bar with a red “S”.
Alerts: Sets up alerts for when bullish or bearish engulfing patterns are detected.
BarbellFX ORBThe Opening Range Breakout (ORB) strategy is a popular day trading method that focuses on the first few minutes or hours of trading. Here's how it works:
The opening range is defined as a specific time period after the market opens (commonly the first 15-30 minutes)
Traders identify the high and low prices during this opening range
These prices become support and resistance levels
Trading signals are generated when the price breaks above or below these levels:
A breakout above the opening range high suggests going long
A break below the opening range low suggests going short
NVOL Normalized Volume & VolatilityOVERVIEW
Plots a normalized volume (or volatility) relative to a given bar's typical value across all charted sessions. The concept is similar to Relative Volume (RVOL) and Average True Range (ATR), but rather than using a moving average, this script uses bar data from previous sessions to more accurately separate what's normal from what's anomalous. Compatible on all timeframes and symbols.
Having volume and volatility processed within a single indicator not only allows you to toggle between the two for a consistent data display, it also allows you to measure how correlated they are. These measurements are available in the data table.
DATA & MATH
The core formula used to normalize each bar is:
( Value / Basis ) × Scale
Value
The current bar's volume or volatility (see INPUTS section). When set to volume, it's exactly what you would expect (the volume of the bar). When set to volatility, it's the bar's range (high - low).
Basis
A statistical threshold (Mean, Median, or Q3) plus a Sigma multiple (standard deviations). The default is set to the Mean + Sigma × 3 , which represents 99.7% of data in a normal distribution. The values are derived from the current bar's equivalent in other sessions. For example, if the current bar time is 9:30 AM, all previous 9:30 AM bars would be used to get the Mean and Sigma. Thus Mean + Sigma × 3 would represent the Normal Bar Vol at 9:30 AM.
Scale
Depends on the Normalize setting, where it is 1 when set to Ratio, and 100 when set to Percent. This simply determines the plot's scale (ie. 0 to 1 vs. 0 to 100).
INPUTS
While the default configuration is recommended for a majority of use cases (see BEST PRACTICES), settings should be adjusted so most of the Normalized Plot and Linear Regression are below the Signal Zone. Only the most extreme values should exceed this area.
Normalize
Allows you to specify what should be normalized (Volume or Volatility) and how it should be measured (as a Ratio or Percentage). This sets the value and scale in the core formula.
Basis
Specifies the statistical threshold (Mean, Median, or Q3) and how many standard deviations should be added to it (Sigma). This is the basis in the core formula.
Mean is the sum of values divided by the quantity of values. It's what most people think of when they say "average."
Median is the middle value, where 50% of the data will be lower and 50% will be higher.
Q3 is short for Third Quartile, where 75% of the data will be lower and 25% will be higher (think three quarters).
Sample
Determines the maximum sample size.
All Charted Bars is the default and recommended option, and ignores the adjacent lookback number.
Lookback is not recommended, but it is available for comparisons. It uses the adjacent lookback number and is likely to produce unreliable results outside a very specific context that is not suitable for most traders. Normalization is not a moving average. Unless you have a good reason to limit the sample size, do not use this option and instead use All Charted Bars .
Show Vol. name on plot
Overlays "VOLUME" or "VOLATILITY" on the plot (whichever you've selected).
Lin. Reg.
Polynomial regressions are great for capturing non-linear patterns in data. TradingView offers a "linear regression curve", which this script uses as a substitute. If you're unfamiliar with either term, think of this like a better moving average.
You're able to specify the color, length, and multiple (how much to amplify the value). The linear regression derives its value from the normalized values.
Norm. Val.
This is the color of the normalized value of the current bar (see DATA & MATH section). You're able to specify the default, within signal, and beyond signal colors. As well as the plot style.
Fade in colors between zero and the signal
Programmatically adjust the opacity of the primary plot color based on it's normalized value. When enabled, values equal to 0 will be fully transparent, become more opaque as they move away from 0, and be fully opaque at the signal. Adjusting opacity in this way helps make difference more obvious.
Plot relative to bar direction
If enabled, the normalized value will be multiplied by -1 when a bar's open is greater than the bar's close, mirroring price direction.
Technically volume and volatility are directionless. Meaning there's really no such thing as buy volume, sell volume, positive volatility, or negative volatility. There is just volume (1 buy = 1 sell = 1 volume) and volatility (high - low). Even so, visually reflecting the net effect of pricing pressure can still be useful. That's all this setting does.
Sig. Zone
Signal zones make identifying extremes easier. They do not signal if you should buy or sell, only that the current measurement is beyond what's normal. You are able to adjust the color and bounds of the zone.
Int. Levels
Interim levels can be useful when you want to visually bracket values into high / medium / low. These levels can have a value anywhere between 0 and 1. They will automatically be multiplied by 100 when the scale is set to Percent.
Zero Line
This setting allows you to specify the visibility of the zero line to best suit your trading style.
Volume & Volatility Stats
Displays a table of core values for both volume and volatility. Specifically the actual value, threshold (mean, median, or Q3), sigma (standard deviation), basis, normalized value, and linear regression.
Correlation Stats
Displays a table of correlation statistics for the current bar, as well as the data set average. Specifically the coefficient, R2, and P-Value.
Indices & Sample Size
Displays a table of mixed data. Specifically the current bar's index within the session, the current bar's index within the sample, and the sample size used to normalize the current bar's value.
BEST PRACTICES
NVOL can tell you what's normal for 9:30 AM. RVOL and ATR can only tell you if the current value is higher or lower than a moving average.
In a normal distribution (bell curve) 99.7% of data occurs within 3 standard deviations of the mean. This is why the default basis is set to "Mean, 3"; it includes the typical day-to-day fluctuations, better contextualizing what's actually normal, minimizing false positives.
This means a ratio value greater than 1 only occurs 0.3% of the time. A series of these values warrants your attention. Which is why the default signal zone is between 1 and 2. Ratios beyond 2 would be considered extreme with the default settings.
Inversely, ratio values less than 1 (the normal daily fluctuations) also tell a story. We should expect most values to occur around the middle 3rd, which is why interim levels default to 0.33 and 0.66, visually simplifying a given move's participation. These can be set to whatever you like and only serve as visual aids for your specific trading style.
It's worth noting that the linear regression oscillates when plotted directionally, which can help clarify short term move exhaustion and continuation. Akin to a relative strength index (RSI), it may be used to inform a trading decision, but it should not be the only factor.
RSI + WMA + EMA Strategy-NTSThực hiện lệnh mua : Nếu RSI <50 wma45 cắt ema89
- Thực hiện lệnh bán: nếu rsi >50 wma45 cắt ema89
Foxers SupertrendThe indicator uses volume data for Vema and it also has sentiment table and supertrend
Daily Trading StrategyThis Pine Script implements a daily trading strategy that combines three technical indicators: Moving Average (MA), Relative Strength Index (RSI), and Average Directional Index (ADX). It aims to identify strong trends with high momentum and enter positions with a favorable risk/reward ratio.
Key Features:
Trend Identification: Uses a combination of fast (20-period) and slow (50-period) MA to identify the direction of the trend.
Momentum Confirmation: Employs RSI (14-period) to confirm the strength of the trend and filter out weak signals.
Trend Strength Filter: Utilizes ADX (14-period) to ensure that only trades are taken when the trend is strong (ADX > 25).
Dynamic Stop-Loss and Take Profit: Calculates stop-loss and take profit levels based on Average True Range (ATR) with a risk/reward ratio of 1:2.
Automated Order Execution: Automatically enters long or short positions based on the defined entry conditions with predefined stop-loss and take profit levels.
Clear Visualization: Plots the indicators and key levels on the chart for easy visual analysis.
Alert Notifications: Sends alerts when entry conditions are met, notifying traders of potential trading opportunities.
This script is designed for traders who prefer a systematic approach to daily trading, leveraging the power of multiple indicators to identify high-probability trades with well-defined risk management.
Stock Terminus ScalperThis indicator can be used as an assisting for scalper, where user can assign desired volume threshold, and it will indicate those candles and based on super trend can be helpful in taking trade.
000 RSI Divergence with Trendline v2Updated version of the strategy RSI Divergence with Trendline.
Calculates the RSI indicator using the specified settings
Detects pivot points (highs and lows) in the RSI with a 5-period lookback
Uses these pivots to identify four types of divergences:
Regular bullish divergence: Price makes lower lows but RSI makes higher lows
Hidden bullish divergence: Price makes higher lows but RSI makes lower lows
Regular bearish divergence: Price makes higher highs but RSI makes lower highs
Hidden bearish divergence: Price makes lower highs but RSI makes higher highs
Creates dynamic trendlines on the RSI indicator
Uses different colors to distinguish between divergence types:
Green: Regular bullish divergence
Blue: Hidden bullish divergence
Red: Regular bearish divergence
Orange: Hidden bearish divergence
Automatically deletes and redraws trendlines when new divergences are detected
Entry Signals
Long entries:
Triggered when RSI crosses above the bullish trendline
Sets take profit price at entry price + 5%
Sets stop loss price at entry price - 5%
Short entries:
Triggered when RSI crosses below the bearish trendline
Sets take profit price at entry price - 5%
Sets stop loss price at entry price + 5%
Exit Rules
Takes profit when price reaches the TP level
Exits with a loss when price hits the SL level
Additional exit conditions:
Exits long positions when hidden bearish divergence appears
Exits short positions when hidden bullish divergence appears
Plots the RSI indicator in purple
Shows overbought and oversold levels as horizontal lines
Displays active take profit and stop loss levels with circular markers:
Green circles for take profit levels
Red circles for stop loss levels
000 RSI Divergence with Trendline v2Just an update of an existing strategy 'RSI Divergence with Trendline'