Step Channel Momentum Trend [ChartPrime]OVERVIEW
Step Channel Momentum Trend is a momentum-based price filtering system that adapts to market structure using pivot levels and ATR volatility. It builds a dynamic channel around a stepwise midline derived from swing highs and lows. The system colors price candles based on whether price remains inside this channel (low momentum) or breaks out (strong directional flow). This allows traders to clearly distinguish ranging conditions from trending ones and take action accordingly.
⯁ STRUCTURAL MIDLNE (STEP CHANNEL CORE)
The midline acts as the backbone of the trend system and is based on structure rather than smoothing.
Calculated as the average of the most recent confirmed Pivot High and Pivot Low.
The result is a step-like horizontal line that only updates when new pivot points are confirmed.
This design avoids lag and makes the line "snap" to recent structural shifts.
It reflects the equilibrium level between recent bullish and bearish control.
snapshot
This unique step logic creates clear regime shifts and prevents noise from distorting trend interpretation.
⯁ DYNAMIC VOLATILITY BANDS (ATR FILTERING)
To detect momentum strength, the script constructs upper and lower bands using the ATR (Average True Range):
The distance from the midline is determined by ATR × multiplier (default: 200-period ATR × 0.6).
These bands adjust dynamically to volatility, expanding in high-ATR environments and contracting in calm markets.
The area between upper and lower bands represents a neutral or ranging market state.
Breakouts outside the bands are treated as significant momentum shifts.
snapshot
This filtering approach ensures that only meaningful breakouts are visually emphasized — not every candle fluctuation.
⯁ MOMENTUM-BASED CANDLE COLORING
The system visually transforms price candles into momentum indicators:
When price (hl2) is above the upper band, candles are green → bullish momentum.
snapshot
When price is below the lower band, candles are red → bearish momentum.
snapshot
When price is between the bands, candles are orange → low or no momentum (range).
snapshot
The candle body, wick, and border are all colored uniformly for visual clarity.
This gives traders instant feedback on when momentum is expanding or fading — ideal for breakout, pullback, or trend-following strategies.
⯁ PIVOT-BASED SWING ANCHORS
Each confirmed pivot is plotted as a label ⬥ directly on the chart:
snapshot
They also serve as potential manual entry zones, SL/TP anchors, or confirmation points.
⯁ MOMENTUM STATE LABEL
To reinforce the current market mode, a live label is displayed at the most recent candle:
Displays either:
“Momentum Up” when price breaks above the upper band.
snapshot
“Momentum Down” when price breaks below the lower band.
snapshot
“Range” when price remains between the bands.
snapshot
Label color matches the candle color for quick identification.
Automatically updates on each bar close.
This helps discretionary traders filter trades based on market phase.
USAGE
Use the green/red zones to enter with momentum and ride trending moves.
Use the orange zone to stay out or fade ranges.
The step midline can act as a breakout base, pullback anchor, or bias reference.
Combine with other indicators (e.g., order blocks, divergences, or volume) to build high-confluence systems.
CONCLUSION
Step Channel Momentum Trend gives traders a clean, adaptive framework for identifying trend direction, volatility-based breakouts, and ranging environments — all from structural logic and ATR responsiveness. Its stepwise midline provides clarity, while its dynamic color-coded candles make momentum shifts impossible to miss. Whether you’re scalping intraday momentum or managing swing entries, this tool helps you trade with the market’s rhythm — not against it.
Analysis
MSTR Premium/Discount Analyzer by Marius1032)This indicator provides a transparent, real-time framework for evaluating MicroStrategy Inc. (MSTR) based on its two primary value components:
Bitcoin Holdings (Mark-to-Market)
Core Enterprise Value (ex-Bitcoin)
By calculating the Net Asset Value (NAV) per share from both segments, the indicator enables accurate assessment of whether MSTR is trading at a premium or discount relative to its fundamental value.
📊 Key Metrics Displayed on Chart
MSTR Share Price (Close)
BTC NAV per Share (Holdings × BTC price ÷ Shares Outstanding)
Core NAV per Share (Enterprise Value ÷ Shares Outstanding)
Total NAV per Share (BTC + Core)
Premium / Discount % (Market deviation from NAV)
Manual Timestamp for last data input (auditable)
Input data taken from www.gurufocus.com finance.yahoo.com
🔧 Customizable Inputs
BTC Holdings (default: 592,345 BTC)
BTC Price (manually updated)
Shares Outstanding (default: 266M)
Core Enterprise Value (EV ex-BTC)
Data Timestamp (manual)
🧠 Valuation Logic
The script separates MSTR’s market value into:
Digital Asset Treasury — fully marked to market via BTC price input.
Core Software/Analytics Business — approximated using total enterprise value less BTC exposure.
This two-part decomposition provides a cleaner NAV structure than traditional book value, which is often distorted by high intangible assets (MSTR’s tangible book value is negative as of Q2 2025).
⚠️ Disclosures
All inputs are manual — ensure accuracy by updating with the latest BTC prices and EV disclosures.
Core EV is treated as a constant unless updated, and does not include BTC or speculative adjustments.
Does not model future BTC acquisitions or operational leverage.
Gap % Distribution Table (2% Bins)Description
This indicator displays a Gap % Distribution Table categorized in 2% bins ranging from `< -20%` to `> +20%`. It calculates the gap between today’s open and the previous day’s close, and groups occurrences into defined bins. The table includes:
Gap range, count, and percentage for each bin
A total row summarizing all entries
Customizable appearance including:
Font color, cell background fill (with transparency), and table border color
Column headers and full outer border
Date filtering using selectable start and end dates
Position control for placing the table on the chart area
Ideal for analyzing the historical behavior of opening gaps for any instrument.
Greer Free Cash Flow Yield✅ Title
Greer Free Cash Flow Yield (FCF%) — Long-Term Value Signal
📝 Description
The Greer Free Cash Flow Yield indicator is part of the Greer Financial Toolkit, designed to help long-term investors identify fundamentally strong and potentially undervalued companies.
📊 What It Does
Calculates Free Cash Flow Per Share (FY) from official financial reports
Divides by the current stock price to produce Free Cash Flow Yield %
Tracks a static average across all available financial years
Color-codes the yield line:
🟩 Green when above average (stronger value signal)
🟥 Red when below average (weaker value signal)
💼 Why It Matters
FCF Yield is a powerful metric that reveals how efficiently a company turns revenue into usable cash. This can be a better long-term value indicator than earnings yield or P/E ratios, especially in capital-intensive industries.
✅ Best used in combination with:
📘 Greer Value (fundamental growth score)
🟢 Greer BuyZone (technical buy zone detection)
🔍 Designed for:
Fundamental investors
Value screeners
Dividend and FCF-focused strategies
📌 This tool is for informational and educational use only. Always do your own research before investing.
Zuper Custom Index (Up to 40 Stocks)Description:
This indicator empowers you to create your own custom index from up to 40 stocks, with full control over the weight of each component. Whether you want to track a sector, a basket of favourites, or build your own benchmark, this tool gives you the flexibility and visualisation you need—all directly on your TradingView chart.
Key Features:
Supports Up to 40 Stocks:
Combine up to 40 different symbols into a single, custom index.
Flexible Weighting:
Assign a custom percentage weight to each stock. The script automatically normalizes your weights to ensure the index always sums to 100%.
Candlestick or Line Chart Display:
Choose between a candlestick chart (showing open, high, low, close of the index) or a simple line chart (close only) for your custom index.
Dynamic Rebalancing:
Change weights or symbols at any time; the index recalculates instantly.
Easy Symbol Input:
Add or remove stocks with simple input fields—no code editing required.
Perfect for Sector Analysis & Custom Baskets:
Track sectors, strategies, or any group of assets you care about.
How to Use:
Add the Indicator to Your Chart.
Enter Up to 40 Stock Symbols in the input fields.
Assign Weights (as percentages) to each symbol.
If all weights are left at zero, the index will use equal weighting.
If you enter custom weights, they will be automatically normalized.
Choose Your Display Type:
Select between a candlestick or line chart for your index.
Analyze Your Custom Index!
Use Cases:
Build your own sector or thematic index.
Track a custom ETF or fund composition.
Compare your portfolio’s performance as a single chart.
Visualize the impact of different weightings on a basket of stocks.
Notes:
The indicator uses TradingView’s latest Pine Script version for maximum performance and flexibility.
You can use any valid TradingView symbol (stocks, ETFs, indices, etc.).
For best results, ensure all symbols are available on your selected timeframe and exchange.
Create, visualize, and analyze your own custom indices—right on your TradingView chart!
Candle Body TableCandle Body Table is a lightweight, easy-to-use indicator that displays a live summary of candle “body strength” across multiple timeframes, along with how much time is left on each candle. Simply choose up to five timeframes (1, 5, 15, 30, and 60 minutes by default), adjust the table’s corner and font size, and you’ll always have a quick, at-a-glance view of:
OC (Body %): The percentage of the candle that’s composed of its body (|open – close| divided by high–low).
Strength: A label (Weak, Balanced, or Strong) based on the body percentage.
Time Left: How many minutes and seconds remain before the current candle closes.
The table updates in real time (using lookahead), coloring each row background green if that timeframe’s current candle is bullish, or red if it’s bearish. That way, you can instantly see which timeframes have strong momentum, which are balanced or weak, and exactly when each candle will finish.
Use Cases
Multi-Timeframe Momentum Check:
If you want to confirm that both your 1m and 5m candles have “Strong” bodies before entering a trade, Candle Body Table shows you that instantly. No more switching back and forth between charts—just glance at the table.
Time-Sensitive Entries/Exits:
Suppose you trade breakouts only at the close of a 5-minute candle. The “Time Left” column counts down so you know exactly when that candle is about to close—down to the second—letting you prepare your order.
Quick Visual Scan:
When markets are choppy, you may want to see which timeframes are weak or balanced rather than diving into each timeframe separately. If the 15m row says “Weak” (small body %), you might avoid taking a trend-following position at that moment.
Session Overlaps & Volatility Windows:
During London/N.Y. overlap or U.S. cash close, traders often check for stronger bodies on higher timeframes (e.g., 30m or 60m). The table immediately highlights if that timeframe’s candle body heats up, indicating increased volatility.
Swing-to-Scalp Transition:
If you typically scalp on 1m but only when the 15m candle is “Strong,” this table gives a green/red cue and a strength label. That makes it easier to wait patiently until multiple timeframes align.
FAQ
Q1. What does “OC” mean, and why is it shown as a percentage?
A1. “OC” stands for Open/Close difference. So it reflects how much of the candle’s total range (high–low) is taken up by its body(open-close). A high OC% means the candle body is large relative to its wick. In other words a strong Bullish/Bearish candle.
Q2. How is “Strength” determined?
A2. The script uses three buckets:
Weak if OC% ≤ 30%
Balanced if 30% < OC% ≤ 55%
Strong if OC% > 55%
This gives you a quick label instead of having to interpret raw percentages every time.
Q3. Why do some rows have a green background and others red?
A3. If close > open (bullish candle), that entire row’s background is shaded green(70%). If close < open (bearish candle), it’s shaded red(70%). If open = close (doji), there’s no background shade. This lets you instantly spot bullish vs. bearish candles across your chosen timeframes.
Q4. Will this repaint?
A4. No. Because each OHLC value is requested with lookahead_on, you see the live developing OHLC. However, once a candle closes, those values are final. The “Time Left” column dynamically changes throughout the bar but does not redraw past values.
Correlation MA – 15 Assets + Average (Optional)This indicator calculates the moving average of the correlation coefficient between your charted asset and up to 15 user-selected symbols. It helps identify uncorrelated or inversely correlated assets for diversification, pair trading, or hedging.
Features:
✅ Compare your current chart against up to 15 assets
✅ Toggle assets on/off individually
✅ Custom correlation and MA lengths
✅ Real-time average correlation line across enabled assets
✅ Horizontal lines at +1, 0, and -1 for easy visual reference
Ideal for:
Portfolio diversification analysis
Finding low-correlation stocks
Mean-reversion & pair trading setups
Crypto, equities, ETFs
To use: set the benchmark chart (e.g. TSLA), choose up to 15 assets, and adjust settings as needed. Look for assets with correlation near 0 or negative values for uncorrelated performance.
MVRV Ratio [Alpha Extract]The MVRV Ratio Indicator provides valuable insights into Bitcoin market cycles by tracking the relationship between market value and realized value. This powerful on-chain metric helps traders identify potential market tops and bottoms, offering clear buy and sell signals based on historical patterns of Bitcoin valuation.
🔶 CALCULATION The indicator processes MVRV ratio data through several analytical methods:
Raw MVRV Data: Collects MVRV data directly from INTOTHEBLOCK for Bitcoin
Optional Smoothing: Applies simple moving average (SMA) to reduce noise
Status Classification: Categorizes market conditions into four distinct states
Signal Generation: Produces trading signals based on MVRV thresholds
Price Estimation: Calculates estimated realized price (Current price / MVRV ratio)
Historical Context: Compares current values to historical extremes
Formula:
MVRV Ratio = Market Value / Realized Value
Smoothed MVRV = SMA(MVRV Ratio, Smoothing Length)
Estimated Realized Price = Current Price / MVRV Ratio
Distance to Top = ((3.5 / MVRV Ratio) - 1) * 100
Distance to Bottom = ((MVRV Ratio / 0.8) - 1) * 100
🔶 DETAILS Visual Features:
MVRV Plot: Color-coded line showing current MVRV value (red for overvalued, orange for moderately overvalued, blue for fair value, teal for undervalued)
Reference Levels: Horizontal lines indicating key MVRV thresholds (3.5, 2.5, 1.0, 0.8)
Zone Highlighting: Background color changes to highlight extreme market conditions (red for potentially overvalued, blue for potentially undervalued)
Information Table: Comprehensive dashboard showing current MVRV value, market status, trading signal, price information, and historical context
Interpretation:
MVRV ≥ 3.5: Potential market top, strong sell signal
MVRV ≥ 2.5: Overvalued market, consider selling
MVRV 1.5-2.5: Neutral market conditions
MVRV 1.0-1.5: Fair value, consider buying
MVRV < 1.0: Potential market bottom, strong buy signal
🔶 EXAMPLES
Market Top Identification: When MVRV ratio exceeds 3.5, the indicator signals potential market tops, highlighting periods where Bitcoin may be significantly overvalued.
Example: During bull market peaks, MVRV exceeding 3.5 has historically preceded major corrections, helping traders time their exits.
Bottom Detection: MVRV values below 1.0, especially approaching 0.8, have historically marked excellent buying opportunities.
Example: During bear market bottoms, MVRV falling below 1.0 has identified the most profitable entry points for long-term Bitcoin accumulation.
Tracking Market Cycles: The indicator provides a clear visualization of Bitcoin's market cycles from undervalued to overvalued states.
Example: Following the progression of MVRV from below 1.0 through fair value and eventually to overvalued territory helps traders position themselves appropriately throughout Bitcoin's market cycle.
Realized Price Support: The estimated realized price often acts as a significant
support/resistance level during market transitions.
Example: During corrections, price often finds support near the realized price level calculated by the indicator, providing potential entry points.
🔶 SETTINGS
Customization Options:
Smoothing: Toggle smoothing option and adjust smoothing length (1-50)
Table Display: Show/hide the information table
Table Position: Choose between top right, top left, bottom right, or bottom left positions
Visual Elements: All plots, lines, and background highlights can be customized for color and style
The MVRV Ratio Indicator provides traders with a powerful on-chain metric to identify potential market tops and bottoms in Bitcoin. By tracking the relationship between market value and realized value, this indicator helps identify periods of overvaluation and undervaluation, offering clear buy and sell signals based on historical patterns. The comprehensive information table delivers valuable context about current market conditions, helping traders make more informed decisions about market positioning throughout Bitcoin's cyclical patterns.
TCT - Envelope MatrixTCT - Envelope Matrix
A powerful multi-envelope indicator that creates a comprehensive price channel system with 4 customizable envelopes and multiple intermediate levels for precise price action analysis.
Key Features:
• 4 customizable envelopes with adjustable percentages (0.2%, 0.4%, 0.6%, 0.8% by default)
• Optional EMA or SMA basis calculation
• Color-coded bands for easy visual identification
• Automatic horizontal lines showing current band values
• Midpoint lines between adjacent bands
• Additional 25%, 50%, and 75% levels between each band pair
The indicator provides:
- Clear visual representation of price channels
- Multiple support and resistance levels
- Dynamic price boundaries that adapt to market conditions
- Enhanced precision with intermediate levels between bands
Perfect for:
• Identifying potential support and resistance zones
• Spotting overbought/oversold conditions
• Finding potential reversal points
• Analyzing price volatility and channel width
• Making informed trading decisions based on price position relative to multiple bands
Customization Options:
• Adjustable length for the basis calculation
• Choice between EMA and SMA
• Customizable colors for each envelope
• Flexible percentage settings for each band
• Optional basis line color adjustment
This indicator is particularly useful for traders who want to analyze price action within multiple dynamic channels and identify potential trading opportunities based on price interactions with various support and resistance levels.
FA Dashboard: Valuation, Profitability & SolvencyFundamental Analysis Dashboard: A Multi-Dimensional View of Company Quality
This script presents a structured and customizable dashboard for evaluating a company’s fundamentals across three key dimensions: Valuation, Profitability, and Solvency & Liquidity.
Unlike basic fundamental overlays, this dashboard consolidates multiple financial indicators into visual tables that update dynamically and are grouped by category. Each ratio is compared against configurable thresholds, helping traders quickly assess whether a company meets certain value investing criteria. The tables use color-coded checkmarks and fail marks (✔️ / ❌) to visually signal pass/fail evaluations.
▶️ Key Features
Valuation Ratios:
Earnings Yield: EBIT / EV
EV / EBIT and EV / FCF: Enterprise value metrics for profitability
Price-to-Book, Free Cash Flow Yield, PEG Ratio
Profitability Ratios:
Return on Invested Capital (ROIC), ROE, Operating, Net & Gross Margins, Revenue Growth
Solvency & Liquidity Ratios:
Debt to Equity, Debt to EBITDA, Current Ratio, Quick Ratio, Altman Z-Score
Each of these metrics is calculated using request.financial() and can be viewed using either annual (FY) or quarterly (FQ) data, depending on user preference.
🧠 How to Use
Add the script to any stock chart.
Select your preferred data period (FY or FQ).
Adjust thresholds if desired to match your personal investing strategy.
Review the visual dashboard to see which metrics the company passes or fails.
💡 Why It’s Useful
This tool is ideal for traders or long-term investors looking to filter stocks using fundamental criteria. It draws inspiration from principles used by Benjamin Graham, Warren Buffett, and Joel Greenblatt, offering a fast and informative way to screen quality businesses.
This is not a repackaged built-in or autogenerated script. It’s a custom-built, interactive tool tailored for fundamental analysis using official financial data provided via Pine Script’s request.financial().
ETF Builder & Backtest System [TradeDots]Create, analyze, and monitor your own custom “ETF-like” portfolio directly on TradingView. This script merges up to 10 different assets with user-defined weightings into a single composite chart, allowing you to see how your personalized portfolio would have performed historically. It is an original tool designed to help traders and investors quickly gauge risk and return profiles without leaving the TradingView platform.
📝 HOW IT WORKS
1. Custom Portfolio Construction
Multiple Assets : Combine up to 10 different stocks, ETFs, cryptocurrencies, or other symbols.
User-Defined Weights : Allocate each asset a percentage weight (e.g., 15% in AAPL, 10% in MSFT, etc.).
Single Composite Value : The script calculates a weighted “ETF-style” price, effectively simulating a merged portfolio curve on your chart.
2. Performance Tracking & Return Analysis
Automatic History Capture : The indicator records each asset’s starting price when it first appears in your chosen date range.
Rolling Updates : As time progresses, all asset prices are continually evaluated and the portfolio value is updated in real time.
Buy & Hold Returns : See how each asset—and the overall portfolio—performed from the “start” date to the most recent bar.
Annualized Return : Automatically calculates CAGR (Compound Annual Growth Rate) to help visualize performance over varying timescales.
3. Table & Visual Output
Performance Table : A comprehensive table displays individual asset returns, annualized returns, and portfolio totals.
Normalized Chart Plot : The composite ETF value is scaled to 100 at the start date, making it easy to compare relative growth or decline.
Optional Time Filter : You can define a specific date range (Start/End Dates) to focus on a particular period or to limit historical data.
⚙️ KEY FEATURES
1. Flexible Asset Selection
Choose any symbols from multiple asset classes. The script will only run calculations when data is available—no need to worry about missing quotes.
2. Dynamic Table Reporting
Start Price for each asset
Percentage Weight in the portfolio
Total Return (%) and Annualized Return (%)
3. Simple Backtesting Logic
This script takes a straightforward Buy & Hold perspective. Once the start date is reached, the portfolio remains static until the end date, so you can quickly assess hypothetical growth.
4. Plot Customization
Toggle the main “ETF” plot on/off.
Alter the visual style for tables and text.
Adjust the time filter to limit or extend your performance measurement window.
🚀 HOW TO USE IT
1. Add the Script
Search for “ETF Builder & Backtest System ” in the Indicators & Strategies tab or manually add it to your chart after saving it in your Pine Editor.
2. Configure Inputs
Enable Time Filter : Choose whether to restrict the analysis to a particular date range.
Start & End Date : Define the period you want to measure performance over (e.g., from 2019-12-31 to 2025-01-01).
Assets & Weights : Enter each symbol and specify a percentage weight (up to 10 assets).
Display Options : Pick where you want the Table to appear and choose background/text colors.
3. Interpret the Table & Plots
Asset Rows : Each asset’s ticker, weighting, start price, and performance metrics.
ETF Total Row : Summarizes total weighting, composite starting value, and overall returns.
Normalized Plot : Tracks growth/decline of the combined portfolio, starting at 100 on the chart.
4. Refine Your Strategy
Compare how different weights or a new mix of assets would have performed over the same period.
Assess if certain assets contribute disproportionately to your returns or volatility.
Use the results to guide allocations in your real trading or paper trading accounts.
❗️LIMITATIONS
1. Buy & Hold Only
This script does not handle rebalancing or partial divestments. Once the portfolio starts, weights remain fixed throughout the chosen timeframe.
2. No Reinvestment Tracking
Dividends or other distributions are not factored into performance.
3. Data Availability
If historical data for a particular asset is unavailable on TradingView, related results may display as “N/A.”
4. Market Regimes & Volatility
Past performance does not guarantee similar future behavior. Markets can change rapidly, which may render historical backtests less predictive over time.
⚠️ RISK DISCLAIMER
Trading and investing carry significant risk and can result in financial loss. The “ETF Builder & Backtest System ” is provided for informational and educational purposes only. It does not constitute financial advice.
Always conduct your own research.
Use proper risk management and position sizing.
Past performance does not guarantee future results.
This script is an original creation by TradeDots, published under the Mozilla Public License 2.0.
Use this indicator as part of a broader trading or investment approach—consider fundamental and technical factors, overall market context, and personal risk tolerance. No trading tool can assure profits; exercise caution and responsibility in all financial decisions.
PivotBox by Nadeem Al-QahwiPivotBox by Nadeem Al-Qahwi
General Idea of the Indicator: The PivotBox indicator is an advanced technical analysis tool designed to identify key reversal points in the market based on pivot highs and pivot lows. The indicator helps traders to detect breakout and breakdown opportunities based on past price movements, guiding informed trading decisions.
Indicator Functions:
Key Reversal Points (Pivot Points):
The indicator identifies pivot highs and pivot lows over a user-defined period, helping traders spot significant price levels in the market.
These points are plotted on the chart, showing where market reversals may occur.
Breakouts and Breakdowns:
The indicator identifies breakouts when the price moves above a pivot high or breakdowns when the price falls below a pivot low.
Once these breakouts or breakdowns are detected, the indicator draws lines indicating the critical price levels for visual reference.
Trend Levels using Zero-Lag MA:
The indicator includes an option to add a Zero-Lag Moving Average (Zero-Lag MA) to display the overall trend in the market. This moving average helps filter out noise and identify the general market direction, improving trade decision-making.
Line Styles:
The pivot points (highs and lows) are displayed using different line styles, such as solid, dashed, or dotted lines. The user can customize the style based on their preference.
These lines represent the breakouts or breakdown levels in the market.
Alerts:
The indicator can activate alerts when a breakout or breakdown occurs. Users can customize the alerts to notify them when specific conditions are met, ensuring that they do not miss significant price movements.
Input Variables:
Period (prd): The time period over which the pivot highs and lows are calculated. The user can define this period based on their trading strategy.
Max Breakout Length (bo_len): The maximum time duration for a breakout or breakdown to occur. This variable helps determine the relevance of the price movement.
Threshold Rate (cwidthu): The width percentage that helps to define the price area for breakouts and breakdowns.
Line Style (lstyle): Allows the user to choose the style of lines used to display the pivot points (solid, dashed, or dotted).
Minimum Number of Tests (mintest): The minimum number of tests required before a breakout or breakdown is considered valid.
How the Indicator Works:
The indicator first calculates the pivot highs and lows based on the user-defined period (Period).
It then tracks price movements to detect if a breakout or breakdown occurs.
When a breakout or breakdown is confirmed, the indicator draws lines at these levels and shows the user the new price direction.
Alerts can be triggered based on predefined conditions such as when a breakout or breakdown occurs.
The Zero-Lag MA helps the user visualize the trend, adding another layer of analysis to the market movements.
Key Benefits:
Accurate Reversal Point Analysis: Helps traders identify key entry and exit points based on precise technical analysis.
Breakout and Breakdown Detection: Allows traders to spot breakout and breakdown opportunities in real-time.
Customizable Alerts: Users can set up alerts to notify them when a breakout or breakdown happens, ensuring they don't miss important market moves.
Flexible Customization: The indicator offers various options to customize the display (line styles, alerts, trendlines), catering to different trading strategies.
Custom Performance TableThis script generates a table designed to provide a concise yet highly customizable overview of the performance of multiple financial instruments, displayed directly on the chart. The table can include up to 40 tickers, each individually configurable, with values updated in real time based on either the current chart timeframe or a specific user-selected timeframe.
NOTE : The update frequency of the table values depends on the refresh rate of the chart's main ticker to which the indicator is applied. To ensure a consistent and reliable data feed, especially when monitoring heterogeneous instruments, it is recommended to apply the indicator to a highly liquid and continuously traded asset, such as BTCUSD.
PERFORMANCE CALCULATION MODES
You can choose from three different performance calculation modes:
1) Change % (Percentage Change)
Displays the percentage change of the current price compared to the previous candle within the selected timeframe.
(Current Price - Previous Price) / Previous Price * 100
This mode provides an immediate and straightforward measure of each instrument's percentage movement, useful for quick visual comparisons of relative strength among assets.
2) Z-Score
The Z-Score measures how much the current price variation deviates from the historical average variation, relative to the standard deviation of those variations.
(Current Variation - Average Variation) / Standard Deviation of Variations
The result indicates how statistically unusual a movement is:
- Values near 0 suggest normal variations.
- Values above ±2 indicate statistically significant deviations.
This is a valuable tool for identifying overbought/oversold conditions or market stress events and is often used in mean reversion strategies.
NOTE : Due to technical constraints, Z-Score can only be calculated when the selected timeframe matches the chart's timeframe exactly.
3) RAROC (Risk-Adjusted Return on Capital)
RAROC expresses an asset's performance in relation to the risk taken, measured through its volatility (standard deviation of price).
Percentage Change / Standard Deviation of Price
It allows for an assessment of return efficiency in relation to volatility.
A high RAROC value indicates a high return relative to the risk, making it a useful tool for comparing assets with different risk profiles. It is especially suitable for portfolio selection and allocation purposes.
TABLE CONFIGURATION
Each ticker can be customized with its own label, colors, and position in the table.
Each row can display the ticker name or a custom label, which, at the user's discretion, can either replace the name or be shown as an informational tooltip.
The table can be placed anywhere on the chart using horizontal and vertical offset parameters. Thanks to offset support, you can, for example, create financial market overview layouts. This can be done by completely “cleaning” the chart from price and indicators using TradingView settings, and then displaying multiple tables simultaneously (see the example chart published here).
Advanced customization options are also available for the table's appearance, including font settings, colors, borders, and more.
CALCULATION TIMEFRAME
The indicator allows the user to force a specific timeframe (Daily, Weekly, Monthly, Yearly) when applied to intraday charts.
However, for Z-Score mode, the selected timeframe must match the chart's timeframe exactly to ensure correct computation. Otherwise, the script will halt until settings are properly adjusted.
USAGE NOTES
Custom Performance Table is a flexible and adaptable tool, suitable for both intraday operations and medium- to long-term analysis. It is designed for traders and analysts who need to compare assets based on quantitative metrics, whether simple (like percentage change) or more advanced and risk-adjusted (such as Z-Score and RAROC).
Triad Macro Gauge__________________________________________________________________________________
Introduction
__________________________________________________________________________________
The Triad Macro Gauge (TMG) is designed to provide traders with a comprehensive view of the macroeconomic environment impacting financial markets. By synthesizing three critical market signals— VIX (volatility) , Credit Spreads (credit risk) , and the Stocks/Bonds Ratio (SPY/TLT) —this indicator offers a probabilistic assessment of market sentiment, helping traders identify bullish or bearish macro conditions.
Holistic Macro Analysis: Combines three distinct macroeconomic indicators for multi-dimensional insights.
Customization & Flexibility: Adjust weights, thresholds, lookback periods, and visualization styles.
Visual Clarity: Dynamic table, color-coded plots, and anomaly markers for quick interpretation.
Fully Consistent Scores: Identical values across all timeframes (4H, daily, weekly).
Actionable Signals: Clear bull/bear thresholds and volatility spike detection.
Optimized for timeframes ranging from 4 hour to 1 week , the TMG equips swing traders and long-term investors with a robust tool to navigate macroeconomic trends.
__________________________________________________________________________________
Key Indicators
__________________________________________________________________________________
VIX (CBOE:VIX): Measures market volatility (negatively weighted for bearish signals).
Credit Spreads (FRED:BAMLH0A0HYM2EY): Tracks high-yield bond spreads (negatively weighted).
Stocks/Bonds Ratio (SPY/TLT): Evaluates equity sentiment relative to treasuries (positively weighted).
__________________________________________________________________________________
Originality and Purpose
__________________________________________________________________________________
The TMG stands out by combining VIX, Credit Spreads, and SPY/TLT into a single, cohesive indicator. Its unique strength lies in its fully consistent scores across all timeframes, a critical feature for multi-timeframe analysis.
Purpose: To empower traders with a clear, actionable tool to:
Assess macro conditions
Spot market extremes
Anticipate reversals
__________________________________________________________________________________
How It Works
__________________________________________________________________________________
VIX Z-Score: Measures volatility deviations (inverted for bearish signals).
Credit Z-Score: Tracks credit spread deviations (inverted for bearish signals).
Ratio Z-Score: Assesses SPY/TLT strength (positively weighted for bullish signals).
TMG Score: Weighted composite of z-scores (bullish > +0.30, bearish < -0.30).
Anomaly Detection: Identifies extreme volatility spikes (z-score > 3.0).
All calculations are performed using daily data, ensuring that scores remain consistent across all chart timeframes.
__________________________________________________________________________________
Visualization & Interpretation
__________________________________________________________________________________
The script visualizes data through:
A dynamic table displaying TMG Score , VIX Z, Credit Z, Ratio Z, and Anomaly status, with color gradients (green for positive, red for negative, gray for neutral/N/A).
A plotted TMG Score in Area, Histogram, or Line mode , with adaptive opacity for clarity.
Bull/Bear thresholds as horizontal lines (+0.30/-0.30) to signal market conditions.
Anomaly markers (orange circles) for volatility spikes.
Crossover signals (triangles) for bull/bear threshold crossings.
The table provides an immediate snapshot of macro conditions, while the plot offers a visual trend analysis. All values are consistent across timeframes, simplifying multi-timeframe analysis.
__________________________________________________________________________________
Script Parameters
__________________________________________________________________________________
Extensive customization options:
Symbol Selection: Customize VIX, Credit Spreads, SPY, TLT symbols
Core Parameters: Adjust lookback periods, weights, smoothing
Anomaly Detection: Enable/disable with custom thresholds
Visual Style: Choose display modes and colors
__________________________________________________________________________________
Conclusion
__________________________________________________________________________________
The Triad Macro Gauge by Ox_kali is a cutting-edge tool for analyzing macroeconomic trends. By integrating VIX, Credit Spreads, and SPY/TLT, TMG provides traders with a clear, consistent, and actionable gauge of market sentiment.
Recommended for: Swing traders and long-term investors seeking to navigate macro-driven markets.
__________________________________________________________________________________
Credit & Inspiration
__________________________________________________________________________________
Special thanks to Caleb Franzen for his pioneering work on macroeconomic indicator blends – his research directly inspired the core framework of this tool.
__________________________________________________________________________________
Notes & Disclaimer
__________________________________________________________________________________
This is the initial public release (v2.5.9). Future updates may include additional features based on user feedback.
Please note that the Triad Macro Gauge is not a guarantee of future market performance and should be used with proper risk management. Past performance is not indicative of future results.
Trading Session Highs and LowsTrading Session Highs and Lows
This script provides an intuitive way to visualize key market levels from major trading sessions: Asia, London, New York, and New York Close. By automatically plotting the high and low of each session, it helps traders quickly identify important price levels that could impact market behavior.
Features include:
Session Marking: The script marks the high and low for each major session (Asia, London, New York, and New York Close).
Customizable Lines and Labels: You can adjust the line style, width, and color for each session’s high/low markers. The session name (e.g., "London", "New York") and the PDH/PDL (Prior Day High and Low) are also shown to give clear context.
Real-Time Updates: The levels are updated in real-time to reflect the current price action, helping you gauge price movement throughout the trading day.
Customizable Indicators: Easily adjust the visibility of the different sessions and the labels to focus on the session that matters most to your trading strategy.
This tool is designed to help day traders spot important levels for potential breakouts or reversals, making it easier to base your trading decisions on well-established price points. Ideal for scalpers, swing traders, and anyone who trades across multiple sessions.
Institutional MACD (Z-Score Edition) [VolumeVigilante]📈 Institutional MACD (Z-Score Edition) — Professional-Grade Momentum Signal
This is not your average MACD .
The Institutional MACD (Z-Score Edition) is a statistically enhanced momentum tool, purpose-built for serious traders and breakout hunters . By applying Z-Score normalization to the classic MACD structure, this indicator uncovers statistically significant momentum shifts , enabling cleaner reads on price extremes, trend continuation, and potential reversals.
💡 Why It Matters
The classic MACD is powerful — but raw momentum values can be noisy and relative , especially on volatile assets like BTC/USD . By transforming the MACD line, signal line, and histogram into Z-scores , we anchor these signals in statistical context . This makes the Institutional MACD:
✔️ Timeframe-agnostic and asset-normalized
✔️ Ideal for spotting true breakouts , not false flags
✔️ A reliable tool for detecting momentum divergence and exhaustion
🧪 Key Features
✅ Full Z-Score normalization (MACD, Signal, Histogram)
✅ Highlighted ±Z threshold bands for overbought/oversold zones
✅ Customizable histogram coloring for visual momentum shifts
✅ Built-in alerts for zero-crosses and Z-threshold breaks
✅ Clean overlay with optional display toggles
🔁 Strategy Tip: Mean Reversion Signals with Statistical Confidence
This indicator isn't just for spotting breakouts — it also shines as a mean reversion tool , thanks to its Z-Score normalization .
When the Z-Score histogram crosses beyond ±2, it marks a statistically significant deviation from the mean — often signaling that momentum is overstretched and the asset may be due for a pullback or reversal .
📌 How to use it:
Z > +2 → Price action is in overbought territory. Watch for exhaustion or short setups.
Z < -2 → Momentum is deeply oversold. Look for reversal confirmation or long opportunities.
These zones often precede snap-back moves , especially in range-bound or corrective markets .
🎯 Combine Z-Score extremes with:
Candlestick confirmation
Support/resistance zones
Volume or price divergence
Other mean reversion tools (e.g., RSI, Bollinger Bands)
Unlike the raw MACD, this version delivers statistical thresholds , not guesswork — helping traders make decisions rooted in probability, not emotion.
📢 Trade Smart. Trade Vigilantly.
Published by VolumeVigilante
Moving Average Shift WaveTrend StrategyMoving Average Shift WaveTrend Strategy
🧭 Overview
The Moving Average Shift WaveTrend Strategy is a trend-following and momentum-based trading system designed to be overlayed on TradingView charts. It executes trades based on the confluence of multiple technical conditions—volatility, session timing, trend direction, and oscillator momentum—to deliver logical and systematic trade entries and exits.
🎯 Strategy Objectives
Enter trades aligned with the prevailing long-term trend
Exit trades on confirmed momentum reversals
Avoid false signals using session timing and volatility filters
Apply structured risk management with automatic TP, SL, and trailing stops
⚙️ Key Features
Selectable MA types: SMA, EMA, SMMA (RMA), WMA, VWMA
Dual-filter logic using a custom oscillator and moving averages
Session and volatility filters to eliminate low-quality setups
Trailing stop, configurable Take Profit / Stop Loss logic
“In-wave flag” prevents overtrading within the same trend wave
Visual clarity with color-shifting candles and entry/exit markers
📈 Trading Rules
✅ Long Entry Conditions:
Price is above the selected MA
Oscillator is positive and rising
200-period EMA indicates an uptrend
ATR exceeds its median value (sufficient volatility)
Entry occurs between 09:00–17:00 (exchange time)
Not currently in an active wave
🔻 Short Entry Conditions:
Price is below the selected MA
Oscillator is negative and falling
200-period EMA indicates a downtrend
All other long-entry conditions are inverted
❌ Exit Conditions:
Take Profit or Stop Loss is hit
Opposing signals from oscillator and MA
Trailing stop is triggered
🛡️ Risk Management Parameters
Pair: ETH/USD
Timeframe: 4H
Starting Capital: $3,000
Commission: 0.02%
Slippage: 2 pips
Risk per Trade: 2% of account equity (adjustable)
Total Trades: 224
Backtest Period: May 24, 2016 — April 7, 2025
Note: Risk parameters are fully customizable to suit your trading style and broker conditions.
🔧 Trading Parameters & Filters
Time Filter: Trades allowed only between 09:00–17:00 (exchange time)
Volatility Filter: ATR must be above its median value
Trend Filter: Long-term 200-period EMA
📊 Technical Settings
Moving Average
Type: SMA
Length: 40
Source: hl2
Oscillator
Length: 15
Threshold: 0.5
Risk Management
Take Profit: 1.5%
Stop Loss: 1.0%
Trailing Stop: 1.0%
👁️ Visual Support
MA and oscillator color changes indicate directional bias
Clear chart markers show entry and exit points
Trailing stops and risk controls are transparently managed
🚀 Strategy Improvements & Uniqueness
In-wave flag avoids repeated entries within the same trend phase
Filtering based on time, volatility, and trend ensures higher-quality trades
Dynamic high/low tracking allows precise trailing stop placement
Fully rule-based execution reduces emotional decision-making
💡 Inspirations & Attribution
This strategy is inspired by the excellent concept from:
ChartPrime – “Moving Average Shift”
It expands on the original idea with advanced trade filters and trailing logic.
Source reference:
📌 Summary
The Moving Average Shift WaveTrend Strategy offers a rule-based, reliable approach to trend trading. By combining trend and momentum filters with robust risk controls, it provides a consistent framework suitable for various market conditions and trading styles.
⚠️ Disclaimer
This script is for educational purposes only. Trading involves risk. Always use proper backtesting and risk evaluation before applying in live markets.
7-Channel Trend Meter v3🔥 7-Channel Trend Meter – Ultimate Trend Confirmation Tool 💹
Purpose: Supplementary indicator used as confirmation
The 7-Channel Trend Meter offers an all-in-one confirmation system that combines 7 high-accuracy indicators into one easy-to-read visual tool. Say goodbye to guesswork and unnecessary tab-switching—just clear, actionable signals for smarter trades. Whether you're trading stocks, crypto, or forex, this indicator streamlines your decision-making process and enhances your strategy’s performance.
⚙️ What’s Inside The Box?
Here is each tool that the Trend Meter uses, and why/how they're used:
Average Directional Index: Confirms market strength ✅
Directional Movement Index: Confirms trend direction ✅
EMA Cross: Confirms reversals in trend through average price ✅
Relative Strength Index: Confirms trend through divergences ✅
Stochastic Oscillator: Confirms shifts in momentum ✅
Supertrend: Confirms trend-following using ATR calculations ✅
Volume Delta: Confirms buying/selling pressure weight by finding differences ✅
🧾 How To Read It:
🟨 Bar 1 – Market Strength Meter:
Light Gold 🟡: Strong market with trending conditions.
Dark Gold 🟤: Weakening market or consolidation—proceed with caution.
📊 Bars 2 to 7 – Trend Direction Confirmations:
🟩 Green: Bullish signal, uptrend likely.
🟥 Red: Bearish signal, downtrend likely.
💯 Why it's helpful to traders:
✅ 7 Confirmations in 1 View: No need to flip between multiple charts.
✅ Visual Clarity: Spot trends instantly with a quick glance.
✅ Perfect for Entry Confirmation: Confirm trade signals before pulling the trigger.
✅ Boosts Your Win Rate: Make data-backed decisions, not guesses.
✅ Works Across Multiple Markets: Stocks, crypto, forex—you name it 🌍.
🤔 "What's with the indicator mashup/How do these components work together? 🤔
The 7-Channel Trend Meter is designed as an original and useful tool that integrates multiple indicators to enhance trading decisions, rather than merely combining existing tools without logical coherence. This strategic mashup creates a comprehensive analysis framework that offers deeper insights into market conditions by capitalizing on each component's unique strengths. The careful integration of seven indicators creates a unified system that eliminates conflicting signals and enhances the decision-making process. Rather than simply merging indicators for the sake of it, the 7-Channel Trend Meter is designed to streamline trading strategies, making it a practical tool for traders across various markets. By leveraging the combined strengths of these indicators, traders can act with greater confidence, backed by comprehensive data rather than fragmented insights. Here’s how they synergistically work together:
Average Directional Index (ADX) and Directional Movement Index (DMI): The reason for this mashup is because ADX indicates the strength of the prevailing trend, while the DMI pinpoints its direction. Together, they equip traders with a dual framework that not only identifies whether to engage with a trend but also quantifies its strength, allowing for more decisive trading strategies.
EMA Cross: The reason for this addition to the mashup is because this tool signals potential trend reversals by identifying moving average crossovers. When combined with the ADX and DMI, traders can better differentiate between genuine trend shifts and market noise, leading to more accurate entries.
Relative Strength Index (RSI) and Stochastic Oscillator: The reason for this mashup is because by using both momentum indicators, traders gain a multifaceted view of market dynamics. The RSI assesses overbought or oversold conditions, while the Stochastic Oscillator confirms momentum shifts. When both agree with the trend signals from the DMI, it enhances the reliability of reversal or continuation strategies.
Supertrend: The reason for this addition to the mashup is because as a trailing stop based on market volatility, the Supertrend indicator works hand-in-hand with the ADX’s strength assessment, allowing traders to ride strong trends while managing risk. This cohesion prevents premature exits during minor pullbacks.
Volume Delta: The reason for this addition to the mashup is because integrating volume analysis helps validate signals from the price action indicators. Significant volume behind a price movement reinforces the likelihood of its continuation, ensuring that traders can act on well-supported signals.
🔍 How it does what it says it does 🔍
While the exact calculations remain proprietary, the following outlines how the components synergistically work to aid traders in making informed decisions:
Market Strength Assessment: Average Directional Index (ADX)
This component is used as confirmation by measuring the strength of the market trend on a scale from 0 to 100. A reading above 20 generally indicates a strong trend, while readings below 20 suggest sideways movement. The Trend Meter flags strong trends, effectively helping traders identify optimal conditions for entering positions.
Trend Direction Confirmation: Directional Movement Index (DMI)
This component is used as confirmation by distinguishing between bullish and bearish trends by evaluating price movements. This combination allows traders to confirm not only if a trend exists but also its direction, informing whether to buy or sell.
Trend Reversal Detection: Exponential Moving Average (EMA) Cross
This component is used as confirmation by calculating two EMAs (one shorter and one longer) to identify potential reversal points. When the shorter EMA crosses above the longer EMA, it signals a bullish reversal, and vice versa for bearish reversals. This helps traders pinpoint optimal entry or exit points.
Momentum Analysis: Relative Strength Index (RSI) and Stochastic Oscillator
These components are used as confirmation by providing insights into momentum. The RSI assesses the speed and change of price movements, indicating overbought or oversold conditions. The Stochastic Oscillator compares a particular closing price to a range of prices over a specified period. This helps identify whether momentum is slowing or speeding up, offering a clear view of potential reversal points. When both the RSI and Stochastic Oscillator converge on signals, it increases the reliability of those signals in trading decisions.
Volatility-Based Trend Following: Supertrend
This component is used as confirmation by utilizing Average True Range (ATR) calculations to help traders stay in momentum-driven trades by providing dynamic support and resistance levels that adapt to volatility. This enables better risk management while allowing traders to capture stronger trends.
Volume Confirmation: Volume Delta
This component is used as confirmation by analyzing buying and selling pressure by measuring the difference between buy and sell volumes, offering critical insights into market sentiment. Significant volume behind a price movement increases confidence in the sustainability of that move.
🧠 Pro Tip:
When all 7 bars line up in green or red, it’s time to take action: load up for a confirmed move or sit back and wait for market confirmation. Let the Trend Meter guide your strategy with precision.
Conclusion:
Integrate the 7-Channel Trend Meter as useful confirmation for your TradingView strategy and stop trading like the average retail trader. This tool eliminates the noise and helps you stay focused on high-confidence trades.
Daily Movement AnalysisDaily Volatility Explorer: 7-Day Market Pulse Indicator
Unlock the hidden rhythms of market movements with this powerful analytical tool designed for both traditional and crypto traders. This indicator meticulously tracks and analyzes price volatility patterns across all seven days of the week, giving you a strategic edge in planning your trades.
🎯 Key Features:
• Dynamic 3-month rolling analysis of daily price movements
• Real-time volatility comparison across all trading days
• Clear visual representation through color-coded bar charts
• Detailed statistical table with exact pip movements
• Sample size tracking for statistical reliability
• Works seamlessly on both traditional and crypto markets
💡 Why Traders Need This:
1. Optimal Trade Timing
- Identify the most volatile trading days for maximum opportunity
- Discover the quietest days to avoid choppy markets
- Perfect for swing traders and day traders alike
2. Risk Management Enhancement
- Set smarter stop-losses based on typical daily ranges
- Adjust position sizes according to daily volatility patterns
- Avoid overtrading during historically low-volatility periods
3. Strategic Planning
- Plan your trading week around peak volatility days
- Optimize entry and exit points based on historical movements
- Better time management by focusing on the most active days
4. Market Psychology Insights
- Understand weekly market rhythm and institutional patterns
- Identify how weekend gaps affect crypto markets
- Spot changes in market behavior across different days
🔍 Perfect For:
• Forex traders tracking major currency pairs
• Crypto traders navigating 24/7 markets
• Gold and commodity traders
• Day traders optimizing their trading schedule
• Swing traders planning optimal entry/exit days
📊 Data-Driven Decisions:
The indicator maintains a rolling 3-month window of data, providing fresh, relevant insights while filtering out outdated patterns. Each day's analysis is based on actual market movements, giving you reliable, actionable intelligence for your trading decisions.
⚡ Pro Tip: Use this indicator alongside your existing strategy to enhance your trading plan and improve your timing. The color-coded visual system makes it easy to spot patterns at a glance, while the detailed statistics table provides the hard numbers you need for precise planning.
Remember: Markets evolve, and this indicator helps you stay on top of changing patterns in real-time. Whether you're trading traditional markets or crypto, understanding daily volatility patterns is crucial for consistent trading success.
Backtesting Stats (Altrady)Track and analyze your backtesting results directly on your chart.
This indicator simplifies manual backtesting by summarizing your trades in a clear, structured table. Enter your R-values (one per line) in the text area, and instantly see:
✅ Trade list – All entries displayed with color-coded wins/losses.
✅ Key stats – Total trades, win rate, and RR sum in the top row.
✅ Quick insights – Spot trends, refine your strategy, and track performance without spreadsheets.
How to Use
1️⃣ Open settings and enter R-values, one per line (e.g., 2.5, -1, 3.2) along with short comments (bad entry, counter trend, etc)
2️⃣ View the table in the top-right corner of your chart.
3️⃣ Analyze your results, adjust your strategy, and improve consistency.
Perfect for manual backtesters who want a fast, no-spreadsheet solution. 🚀
Wyckoff Event Detection [Alpha Extract]Wyckoff Event Detection
A powerful and intelligent indicator designed to detect key Wyckoff events in real time, helping traders analyze market structure and anticipate potential trend shifts. Using volume and price action, this script automatically identifies distribution and accumulation phases, providing traders with valuable insights into market behavior.
🔶 Phase-Based Detection
Utilizes a phase detection algorithm that evaluates price and volume conditions to identify accumulation (bullish) and distribution (bearish) events. This method ensures the script effectively captures major market turning points and avoids noise.
🔶 Multi-Factor Event Recognition
Incorporates multiple event conditions, including upthrusts, selling climaxes, and springs, to detect high-probability entry and exit points. Each event is filtered through customizable sensitivity settings, ensuring precise detection aligned with different trading styles.
🔶 Customizable Parameters
Fine-tune event detection with adjustable thresholds for volume, price movement, trend strength, and event spacing. These inputs allow traders to personalize the script to match their strategy and risk tolerance.
// === USER INPUTS ===
i_volLen = input.int(20, "Volume MA Length", minval=1)
i_priceLookback = input.int(20, "Price Pattern Lookback", minval=5)
i_lineLength = input.int(15, "Line Length", minval=5)
i_labelSpacing = input.int(5, "Minimum Label Spacing (bars)", minval=1, maxval=20)
❓How It Works
🔶 Event Identification
The script scans for key Wyckoff events by analyzing volume spikes, price deviations, and trend shifts within a user-defined lookback period. It categorizes events into bullish (accumulation) or bearish (distribution) structures and plots them directly on the chart.
// === EVENT DETECTION ===
volMA = ta.sma(volume, i_volLen)
highestHigh = ta.highest(high, i_priceLookback)
lowestLow = ta.lowest(low, i_priceLookback)
🔶 Automatic Filtering & Cleanup
Unconfirmed or weak signals are filtered out using customizable strength multipliers and volume thresholds. Events that do not meet the minimum conditions are discarded to keep the chart clean and informative.
🔶 Phase Strength Analysis
The script continuously tracks bullish and bearish event counts to determine whether the market is currently in an accumulation, distribution, or neutral phase. This allows traders to align their strategies accordingly.
🔶 Visual Alerts & Labels
Detects and labels key Wyckoff events directly on the chart, providing immediate insights into market conditions:
- PSY (Preliminary Supply) and UT (Upthrust) for distribution phases.
- PS (Preliminary Support) and SC (Selling Climax) for accumulation phases.
- Labels adjust dynamically to avoid chart clutter and improve readability.
🔶 Entry & Exit Optimization
By highlighting supply and demand imbalances, the script assists traders in identifying optimal entry and exit points. Wyckoff concepts such as springs and upthrusts provide clear trade signals based on market structure.
🔶 Trend Confirmation & Risk Management
Observing how price reacts to detected events helps confirm trend direction and potential reversals. Traders can place stop-loss and take-profit levels based on Wyckoff phase analysis, ensuring strategic trade execution.
🔶 Table-Based Market Analysis (Table)
A built-in table summarizes:
- Market Phase: Accumulation, Distribution, or Neutral.
- Strength of Phase: Weak, Moderate, or Strong.
- Price Positioning: Whether price is near support, resistance, or in a trading range.
- Supply/Demand State: Identifies whether the market is supply or demand dominant.
🔶 Why Choose Wyckoff Market Phases - Alpha Extract?
This indicator offers a systematic approach to understanding market mechanics through the lens of Wyckoff's time-tested principles. By providing clear and actionable insights into market phases, it empowers traders to make informed decisions, enhancing both confidence and performance in various trading environments.
CAM| Bar volatility and statsCAPRICORN ASSETS MANAGEMENT
⸻
CAM | Bar Volatility and Stats Indicator
The CAM | Bar Volatility and Stats indicator is designed to track historical price movements, analyzing bar volatility and key statistical trends in financial instruments. By evaluating past bars, it provides insights into market dynamics, helping traders assess volatility, trend strength, and momentum patterns.
Key Features & Functionality:
✅ Volatility Analysis – Measures historical volatility by calculating the average price range per bar and displaying it in pips.
✅ Bull & Bear Bar Statistics – Tracks the number of bullish and bearish bars within a given lookback period, including their respective percentages.
✅ Consecutive Bar Sequences – Identifies and records the longest streaks of consecutive bullish or bearish bars, providing insights into market trends.
✅ Average Volatility by Trend – Computes separate volatility values for bullish and bearish bars, helping traders understand trend-based price behavior.
✅ Real-Time Labeling – Displays a live statistics summary directly on the chart, updating dynamically with each new bar.
Benefits for Traders:
📊 Enhanced Market Insight – Quickly assess market conditions, determining whether volatility is increasing or decreasing.
📈 Trend Strength Identification – Identify strong bullish or bearish sequences to improve trade timing and strategy development.
⏳ Better Risk Management – Use historical volatility metrics to fine-tune stop-loss and take-profit levels.
🛠 Customizable Analysis – Adjustable lookback period and display options allow traders to focus on the data that matters most.
This indicator is an essential tool for traders looking to refine their decision-making process by leveraging volatility-based statistics. Whether trading Forex, stocks, or commodities, it provides valuable insights into price action trends and market conditions.
⸻
