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Bands and Channels

MACD Triple divergence signalsThis script is a basic combination of several scripts that I found very useful. It's a MACD divergence on steroids. Instead of using only one plot as a source for detecting divergence, I use all of the plots. The idea is that if more divergence signals appear—especially after a prolonged downtrend or uptrend—they can be interpreted as a strong divergence signal. The third divergence signal is taken from the MACD signal line. It has a longer-term lookback range, which could provide a more reliable divergence signal. The default minimum lookback range is 15, much greater than the usual value of 5. This makes it more suitable for long-term trading or for lower timeframes (lower than 4H) to reduce noise from excessive signals. For timeframes higher than 4H, the setting can be reduced to around 10 or even 5. For the 1W (weekly) timeframe, try using a value of 3. I also added a band to give a clear visual of overbought and oversold areas. It works similarly to Bollinger Bands (BB). You can spot when the price is ranging or when a stop-loss hunt occurs (i.e., the price breaks the band). Please do your homework—backtest it yourself to find which timeframe suits you best. You can also tweak the settings if you find the default values too aggressive or too mild. I’ve found that MACD is more reliable on timeframes greater than 1H. Personally, I use it on the 4H and 1D timeframes. in bahasa: MACD dengan 3 sinyal divergence, kalau muncul lebih banyak, bisa jadi sinyal lebih menyakinkan. Minimum lookback range default-nya 15 agar tidak muncul terlalu banyak sinyal. 15 lebih panjang, lebih ok. Kalau main di higher timeframe seperti 1D, bisa 5-10, kalau weeky timeframe = 3. Untuk band, cek ketika plot-nya keluar dari band, itu bisa jadi jackpot, apalagi kalau plot-nya membentuk double bottom. Backtest sendiri, siapa tahu kalian bisa dapet setting sendiri. MACD with upper and lower band will give you a clear visual of price movements More divergence signals are generated and when the price breaks out of the oversold band = jackpot.
Pine Script® indicator
by DigitalDomain
4
Zero Lag Trend Signals (MTF) [AlgoAlpha]// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org // © AlgoAlpha //@version=5 indicator("Zero Lag Trend Signals (MTF) ", shorttitle="AlgoAlpha - 0️⃣Zero Lag Signals", overlay=true) length = input.int(70, "Length", tooltip = "The Look-Back window for the Zero-Lag EMA calculations", group = "Main Calculations") mult = input.float(1.2, "Band Multiplier", tooltip = "This value controls the thickness of the bands, a larger value makes the indicato less noisy", group = "Main Calculations") t1 = input.timeframe("5", "Time frame 1", group = "Extra Timeframes") t2 = input.timeframe("15", "Time frame 2", group = "Extra Timeframes") t3 = input.timeframe("60", "Time frame 3", group = "Extra Timeframes") t4 = input.timeframe("240", "Time frame 4", group = "Extra Timeframes") t5 = input.timeframe("1D", "Time frame 5", group = "Extra Timeframes") green = input.color(#00ffbb, "Bullish Color", group = "Appearance") red = input.color(#ff1100, "Bearish Color", group = "Appearance") src = close lag = math.floor((length - 1) / 2) zlema = ta.ema(src + (src - src ), length) volatility = ta.highest(ta.atr(length), length*3) * mult var trend = 0 if ta.crossover(close, zlema+volatility) trend := 1 if ta.crossunder(close, zlema-volatility) trend := -1 zlemaColor = trend == 1 ? color.new(green, 70) : color.new(red, 70) m = plot(zlema, title="Zero Lag Basis", linewidth=2, color=zlemaColor) upper = plot(trend == -1 ? zlema+volatility : na, style = plot.style_linebr, color = color.new(red, 90), title = "Upper Deviation Band") lower = plot(trend == 1 ? zlema-volatility : na, style = plot.style_linebr, color = color.new(green, 90), title = "Lower Deviation Band") fill(m, upper, (open + close) / 2, zlema+volatility, color.new(red, 90), color.new(red, 70)) fill(m, lower, (open + close) / 2, zlema-volatility, color.new(green, 90), color.new(green, 70)) plotshape(ta.crossunder(trend, 0) ? zlema+volatility : na, "Bearish Trend", shape.labeldown, location.absolute, red, text = "▼", textcolor = chart.fg_color, size = size.small) plotshape(ta.crossover(trend, 0) ? zlema-volatility : na, "Bullish Trend", shape.labelup, location.absolute, green, text = "▲", textcolor = chart.fg_color, size = size.small) plotchar(ta.crossover(close, zlema) and trend == 1 and trend == 1 ? zlema-volatility*1.5 : na, "Bullish Entry", "▲", location.absolute, green, size = size.tiny) plotchar(ta.crossunder(close, zlema) and trend == -1 and trend == -1 ? zlema+volatility*1.5 : na, "Bearish Entry", "▼", location.absolute, red, size = size.tiny) s1 = request.security(syminfo.tickerid, t1, trend) s2 = request.security(syminfo.tickerid, t2, trend) s3 = request.security(syminfo.tickerid, t3, trend) s4 = request.security(syminfo.tickerid, t4, trend) s5 = request.security(syminfo.tickerid, t5, trend) s1a = s1 == 1 ? "Bullish" : "Bearish" s2a = s2 == 1 ? "Bullish" : "Bearish" s3a = s3 == 1 ? "Bullish" : "Bearish" s4a = s4 == 1 ? "Bullish" : "Bearish" s5a = s5 == 1 ? "Bullish" : "Bearish" if barstate.islast var data_table = table.new(position=position.top_right, columns=2, rows=6, bgcolor=chart.bg_color, border_width=1, border_color=chart.fg_color, frame_color=chart.fg_color, frame_width=1) table.cell(data_table, text_halign=text.align_center, column=0, row=0, text="Time Frame", text_color=chart.fg_color) table.cell(data_table, text_halign=text.align_center, column=1, row=0, text="Signal", text_color=chart.fg_color) table.cell(data_table, text_halign=text.align_center, column=0, row=1, text=t1, text_color=chart.fg_color) table.cell(data_table, text_halign=text.align_center, column=1, row=1, text=s1a, text_color=chart.fg_color, bgcolor=s1a == "Bullish" ? color.new(green, 70) : color.new(red, 70)) table.cell(data_table, text_halign=text.align_center, column=0, row=2, text=t2, text_color=chart.fg_color) table.cell(data_table, text_halign=text.align_center, column=1, row=2, text=s2a, text_color=chart.fg_color, bgcolor=s2a == "Bullish" ? color.new(green, 70) : color.new(red, 70)) table.cell(data_table, text_halign=text.align_center, column=0, row=3, text=t3, text_color=chart.fg_color) table.cell(data_table, text_halign=text.align_center, column=1, row=3, text=s3a, text_color=chart.fg_color, bgcolor=s3a == "Bullish" ? color.new(green, 70) : color.new(red, 70)) table.cell(data_table, text_halign=text.align_center, column=0, row=4, text=t4, text_color=chart.fg_color) table.cell(data_table, text_halign=text.align_center, column=1, row=4, text=s4a, text_color=chart.fg_color, bgcolor=s4a == "Bullish" ? color.new(green, 70) : color.new(red, 70)) table.cell(data_table, text_halign=text.align_center, column=0, row=5, text=t5, text_color=chart.fg_color) table.cell(data_table, text_halign=text.align_center, column=1, row=5, text=s5a, text_color=chart.fg_color, bgcolor=s5a == "Bullish" ? color.new(green, 70) : color.new(red, 70)) /////////////////////////////////////////ALERTS FOR SMALL ARROWS (ENTRY SIGNALS) alertcondition(ta.crossover(close, zlema) and trend == 1 and trend == 1, "Bullish Entry Signal", message="Bullish Entry Signal detected. Consider entering a long position.") alertcondition(ta.crossunder(close, zlema) and trend == -1 and trend == -1, "Bearish Entry Signal", message="Bearish Entry Signal detected. Consider entering a short position.") /////////////////////////////////////////ALERTS FOR TREND CONDITIONS alertcondition(ta.crossover(trend, 0), "Bullish Trend") alertcondition(ta.crossunder(trend, 0), "Bearish Trend") alertcondition(ta.cross(trend, 0), "(Bullish or Bearish) Trend") alertcondition(ta.crossover(s1, 0), "Bullish Trend Time Frame 1") alertcondition(ta.crossunder(s1, 0), "Bearish Trend Time Frame 1") alertcondition(ta.cross(s1, 0), "(Bullish or Bearish) Trend Time Frame 1") alertcondition(ta.crossover(s2, 0), "Bullish Trend Time Frame 2") alertcondition(ta.crossunder(s2, 0), "Bearish Trend Time Frame 2") alertcondition(ta.cross(s2, 0), "(Bullish or Bearish) Trend Time Frame 2") alertcondition(ta.crossover(s3, 0), "Bullish Trend Time Frame 3") alertcondition(ta.crossunder(s3, 0), "Bearish Trend Time Frame 3") alertcondition(ta.cross(s3, 0), "(Bullish or Bearish) Trend Time Frame 3") alertcondition(ta.crossover(s4, 0), "Bullish Trend Time Frame 4") alertcondition(ta.crossunder(s4, 0), "Bearish Trend Time Frame 4") alertcondition(ta.cross(s4, 0), "(Bullish or Bearish) Trend Time Frame 4") alertcondition(ta.crossover(s5, 0), "Bullish Trend Time Frame 5") alertcondition(ta.crossunder(s5, 0), "Bearish Trend Time Frame 5") alertcondition(ta.cross(s5, 0), "(Bullish or Bearish) Trend Time Frame 5") alertcondition(ta.crossover(close, zlema) and trend == 1 and trend == 1, "Bullish Entry") alertcondition(ta.crossunder(close, zlema) and trend == -1 and trend == -1, "Bearish Entry") bullishAgreement = s1 == 1 and s2 == 1 and s3 == 1 and s4 == 1 and s5 == 1 bearishAgreement = s1 == -1 and s2 == -1 and s3 == -1 and s4 == -1 and s5 == -1 alertcondition(bullishAgreement, "Full Bullish Agreement", message="All timeframes agree on bullish trend.") alertcondition(bearishAgreement, "Full Bearish Agreement", message="All timeframes agree on bearish trend.")
Pine Script® indicator
by mmartin0076
Dynamic Volatility Channel (DVC) - Smooth The indicator's adaptability comes from a unique blend of well-known concepts: The Adaptive Engine (ADX): The indicator uses the Average Directional Index (ADX) in the background to analyze the strength of the trend. This acts as the "brain", telling the channel whether the market is trending strongly or moving sideways. Hybrid Volatility: This is the core of the indicator. The width of the channel is determined by a weighted mix of two volatility measures: In trending markets (high ADX), the channel gives more weight to the Average True Range (ATR). In ranging markets (low ADX), the channel gives more weight to Standard Deviation. Smooth Centerline (HMA): The channel is centered around a Hull Moving Average (HMA), which is known for its smoothness and reduced lag compared to other moving averages. Advanced Smoothing Layers: This version includes dedicated smoothing for both the volatility components (ATR and StDev) and the logic that switches between regimes. This ensures the channel expands, contracts, and adapts in a very fluid manner, eliminating sudden jumps and reducing market noise. Mean Reversion: In ranging markets (indicated by a flatter channel), the outer bands can act as dynamic support and resistance levels. Look for opportunities to sell near the upper band and buy near the lower band, always waiting for price action confirmation like reversal candles. Trend Following: In strong trends (indicated by a steeply sloped channel), the centerline (HMA) often serves as a dynamic level of support (in an uptrend) or resistance (in a downtrend). Pullbacks to the centerline can present opportunities to join the trend. A "band ride," where price action consistently pushes against the upper or lower band, signals a very strong trend. Volatility Analysis: A "squeeze," where the bands come very close together, indicates low volatility and can foreshadow a significant price breakout. A sudden expansion of the bands signals an increase in volatility and the potential start of a new, powerful move. All core parameters are fully customizable to suit your trading style and preferred assets: You can adjust the lengths for the HMA, ATR, StDev, and the ADX filter. You can change the multipliers for the ATR and Standard Deviation components. Crucially, you can control the Volatility Smoothing Length and Logic Smoothing Length to find the perfect balance between responsiveness and smoothness. Disclaimer: This indicator is provided for educational and analytical purposes only. It is not financial advice, and past performance is not indicative of future results. Always conduct your own research and backtesting before risking capital in a live market.
Pine Script® indicator
by FlowTraderX
MA Bands with Dynamic ColorsThe chart displays the 50-day, 100-day, and 200-day moving averages (MAs). When the 50-day MA is above both the 100-day and 200-day MAs, the chart turns green, indicating a bullish trend with increasing positive momentum. Conversely, when the 50-day MA is below the 100-day and 200-day MAs, the chart turns red, signaling a bearish trend with negative momentum. This color-coded system, with green and red clouds, helps traders identify the trend direction and gauge positive or negative momentum for potential trading opportunities.
Pine Script® indicator
by uselink
Reverse XReverse X is a visual tool that shows the price levels required to reach specific RSI values. It calculates and plots up to four reverse-engineered RSI lines directly on the chart. Each line can be customized with its own RSI target, color, line width, and visibility toggle. The lines are smoothed using EMA to reduce noise, and transparent fills between them highlight RSI zones. Ideal for traders who want to anticipate price movement needed to push RSI to key levels like 30, 50, or 70.
Pine Script® indicator
by HAWKLOVEWINE
MABB55 Full-CrossIndicates when the MABB55 crosses the: MABB13 MABB21 EMA8 When a full crossover happens, where the long-term average (MABB 55) moves above or below the faster ones (EMA 8, MABB 13, and 21) it means the trend has shifted so strongly and consistently that it overcomes short-term price movement. That kind of shift usually signals a trend reversal. Bullish reversals with the MABB55 crossing from above, indicated by a green arrowl. Bearish reversals with the MABB55 crossing from below, indicated by a red arrow.
Pine Script® indicator
by chrisapach
1
Volume Overbought/Oversold Zones📊 What You’ll See on the Chart Red Background or Red Triangle ABOVE a Candle 🔺 Means: Overbought Volume → Volume on that bar is much higher than average (as defined by your settings). → Suggests strong activity, possible exhaustion in the trend or an emotional spike. → It’s a warning: consider watching for signs of reversal, especially if price is already stretched. Green Background or Green Triangle BELOW a Candle 🔻 Means: Oversold Volume → Volume on that bar is much lower than normal. → Suggests the market may be losing momentum, or few sellers are left. → Could signal an upcoming reversal or recovery if confirmed by price action. Orange Line Below the Candles (Volume Moving Average) 📈 Shows the "normal" average volume over the last X candles (default is 20). → Helps you visually compare each bar’s volume to the average. Gray Columns (Actual Volume Bars) 📊 These are your regular volume bars — they rise and fall based on how active each candle is. 🔍 What This Indicator Does (In Simple Words) This indicator looks at trading volume—which is how many shares/contracts were traded in a given period—and compares it to what's considered "normal" for recent history. When volume is unusually high or low, it highlights those moments on the chart. It tells you: • When volume is much higher than normal → market might be overheated or experiencing a buying/selling frenzy. • When volume is much lower than normal → market might be quiet, potentially indicating lack of interest or indecision. These conditions are marked visually, so you can instantly spot them. 💡 How It Helps You As a Trader 1. Spotting Exhaustion in Trends (Overbought Signals) If a market is going up and suddenly volume spikes way above normal, it may mean: • The move is getting crowded (lots of buyers are already in). • A reversal or pullback could be near because smart money may be taking profits. Trading idea: Wait for high-volume up bars, then look for price weakness to consider a short or exit. 2. Identifying Hidden Opportunities (Oversold Signals) If price is falling but volume drops unusually low, it might mean: • Panic is fading. • Sellers are losing energy. • A bounce or trend reversal could happen soon. Trading idea: After a volume drop in a downtrend, watch for bullish price patterns or momentum shifts to consider a buy. 3. Confirming or Doubting Breakouts Volume is critical for confirming breakouts: • If price breaks a key level with strong volume, it's more likely to continue. • A breakout without volume could be a fake-out. This indicator highlights volume surges that can help you confirm such moves. 📈 How to Use It in Practice • Combine it with candlestick patterns, support/resistance, or momentum indicators. • Use the background colors or shapes as a visual cue to pause and analyze. • Adjust the sensitivity to suit fast-moving markets (like crypto) or slow ones (like large-cap stocks).
Pine Script® indicator
by SupertradeOfficial
8H/12H Trend + RSI + MACD🧠 RSI 8/12H – The Indicator That Shows Reversals Before the Move Happens Standard RSI (14) is too slow. By the time it flashes a signal, the move is usually halfway done. 📍 RSI 8/12H is faster, sharper, and built to spot local reversals early – before the crowd sees them. Why 8/12H Works: ✅ Detects overbought/oversold zones with precision ✅ Especially powerful on gold, oil, and indices ✅ Gives 1–2 clean, high-probability signals per week – no noise, no clutter 🔥 If you're tired of chasing late entries, RSI 8/12H gives you the edge to get in before the breakout. Don’t just watch where the market’s been. Anticipate where it turns.
Pine Script® indicator
by iMine4ka
VWAP Deviation Channels with Probability (Lite)VWAP Deviation Channels with Probability (Lite) Version 1.2 Overview This indicator is a powerful tool for intraday traders, designed to identify high-probability areas of support and resistance. It plots the Volume-Weighted Average Price (VWAP) as a central "value" line and then draws statistically-based deviation channels around it. Its unique feature is a dynamic probability engine that analyzes thousands of historical price bars to calculate and display the real-time likelihood of the price touching each of these deviation levels. This provides a quantifiable edge for making trading decisions. Core Concepts Explained This indicator is built on three key concepts: The VWAP (Volume-Weighted Average Price): The dotted midline of the channels is the session VWAP. Unlike a Simple Moving Average (SMA) which only considers price, the VWAP incorporates volume into its calculation. This makes it a much more significant benchmark, as it represents the true average price where the most business has been transacted during the day. It's heavily used by institutional traders, which is why price often reacts strongly to it. Standard Deviation Channels: The channels above and below the VWAP are based on standard deviations. Standard deviation is a statistical measure of volatility. - Wide Bands: When the channels are wide, it signifies high volatility. - Narrow Bands: When the channels are tight and narrow, it signifies low volatility and consolidation (a "squeeze"). The Conditional Probability Engine: This is the heart of the indicator. For every deviation level, the script displays a percentage. This percentage answers a very specific question: "Based on thousands of previous bars, when the last candle had a certain momentum (bullish or bearish), what was the historical probability that the price would touch this specific level?" The probabilities are calculated separately depending on whether the previous candle was green (bullish) or red (bearish). This provides a nuanced, momentum-based edge. The level with the highest probability is highlighted, acting as a "price magnet." How to Use This Indicator Recommended Timeframes: This indicator is designed specifically for intraday trading. It works best on timeframes like the 1-minute, 5-minute, and 15-minute charts. It will not display correctly on daily or higher timeframes. Recommended Trading Strategy: Mean Reversion The primary strategy for this indicator is "Mean Reversion." The core idea is that as the price stretches to extreme levels far away from the VWAP (the "mean"), it is statistically more likely to "snap back" toward it. Here is a step-by-step guide to trading this setup: 1. Identify the Extreme: Wait for the price to push into one of the outer deviation bands (e.g., the -2, -3, or -4 bands for a buy setup, or the +2, +3, or +4 bands for a sell setup). 2. Look for the High-Probability Zone: Pay close attention to the highlighted probability label. This is the level that has historically acted as the strongest magnet for price. A touch of this level represents a high-probability area for a potential reversal. 3. Wait for Confirmation: Do not enter a trade just because the price has touched a band. Wait for a confirmation candle that shows momentum is shifting. - For a Buy: Look for a strong bullish candle (e.g., a green engulfing candle or a hammer/pin bar) to form at the lower bands. - For a Sell: Look for a strong bearish candle (e.g., a red engulfing candle or a shooting star) to form at the upper bands. Define Your Exit: - Take Profit: A logical primary target for a mean reversion trade is the VWAP (midLine). - Stop Loss: A logical place for a stop-loss is just outside the next deviation band. For example, if you enter a long trade at the -3 band, your stop loss could be placed just below the -4 band. Disclaimer: This indicator is a tool for analysis and should not be considered a standalone trading system. Trading involves significant risk, and past performance is not indicative of future results. Always use this indicator in conjunction with other forms of analysis and sound risk management practices.
Pine Script® indicator
by heliav8r