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Bands and Channels

UM Dual MA with Price Bar Color change & Fill Description This is a dual moving average indicator with colored bars and moving averages. I wrote this indicator to keep myself on the right side of the market and trends. It plots two moving averages, (length and type of MA are user-defined) and colors the MAs green when trending higher or red when trending lower. The price bars are green when both MAs are green, red when both MAs are red, and orange when one MA is green and the other is red. The idea behind the indicator is to be extremely visual. If I am buying a red bar, I ask myself "why?" If I am selling a green bar, again, "why?" Recommended Usage Configure your tow favorite Moving averages. Consider long positions when one or both turn green. Scale into a position with a portion upon the first MA turning green, and then more when the second turns green. Consider scaling out when the bars are orange after an up move. Orange bars are either areas of consolidation or prior to major turns. You can also look for MA crossovers. The indicator works on any timeframe and any security. I use it on daily, hourly, 2 day charts. Default settings The defaults are the author's preferred settings: - 8 period WMA and 16 period WMA. - Bars are green when both MAs are trending higher, red when both MAs are trending lower, and orange when one MA is trending higher and the other is trending lower. Moving average types, lengths, and colors are user-configurable. Bar colors are also user-configurable. Alerts Alerts can be set by right-clicking the indicator and selecting the dropdown: - Bullish Trend Both MAs turning green - Bearish Trend Both MAs turning red - Mixed Trend, 1 green 1 red MA Helpful Hints: Look for bullish areas when both MAs turn green after a sustained downtrend Look for bearish areas when both MAs turn red Careful in areas of orange bars, this could be a consolidation or a warning to a potential trend direction change. Switch up your timeframes, I toggle back and forth between 1 and 2 days. Stretch your timeframe over a lower time frame; for example, I like the 8 and 16 daily WMA. With most securities I get 16 bars with pre and post market. This translates into 128 and 256 MAs on the hourly chart. This slows down moves and color transitions for better manageability. Author's Subjective Observations I like the 128/256 WMA on the hourly charts for leveraged and inverse ETFs such as SPXL/SPXS, TQQQ/SQQQ, TNA/TZA. Or even the volatility ETFs/ETNS: UVXY, VXX. Here is a one-hour chart example: I have noticed that as volatility increases, I should begin looking at higher timeframes. This seems counterintuitive, but higher volatility increases the level of noise or swings. I question myself when I short a green bar or buy a red bar; "Why am I doing this?" The colors help me visually stay on the right side of trend. If I am going to speculate on a market turn, at least do it when the bars are orange (MA trends differ) My last observation is a 2-day chart of leveraged ETFs with the 8 and 16 WMAs. I frequently trade SPXL, FNGA, and TNA. If you are really dissecting this indicator, look at a few 2-day charts. 2-day charts seem to catch the major swings nicely up and down. They also weed out the daily sudden big swings such as a panic move from economic data or tweets. When both the MAs turn red on a 2-day chart the same day or same bar, beware; this could be a rough ride or short opportunity. I found weekly charts too long for my style but good to review for direction. Less decisions on longer charts equate to less brain damage for myself. These are just my thoughts, of course you do you and what suits your style best! Happy Trading.
Pine Script® indicator
by UnderwearMillionaire
Volatility Gaussian Bands [BigBeluga]The Volatility Gaussian Bands are a technical analysis tool used to assess market volatility and potential price movements. They are constructed by integrating Gaussian (normal) distribution principles with volatility measures to create dynamic bands around price data. Key Features of Volatility Gaussian Bands: Basis in Gaussian Distribution: These bands assume that price returns follow a normal distribution, allowing for probabilistic modeling of expected price ranges.
Pine Script® indicator
by soualiga72
1
ORB Advanced Cloud Indicator & FIB's by TenAMTraderSummary: ORB Advanced Cloud Indicator with Alerts and Fibonacci Retracement Targets by TenAMTrader This TradingView script is an advanced version of the Opening Range Breakout (ORB) indicator, enhanced with visual clouds and Fibonacci retracement/extension levels. It is designed to help traders identify key price levels and track price movements relative to those levels throughout the trading day. The script includes alert functionalities to notify traders when price crosses key levels and when Fibonacci levels are reached, which can serve as potential entry and exit targets. Key Features: Primary and Secondary Range Calculation: The indicator calculates the primary range (defined by a start and end time) and optionally, a secondary range. The primary range includes the highest and lowest prices during the designated time period, as well as the midpoint of this range. The secondary range (if enabled) tracks another price range during a second time period, with its own high, low, and midpoint. Visual Clouds: The script draws colored clouds between the high, midpoint, and low of the opening range. The upper cloud spans between the Opening High and Midpoint, while the lower cloud spans between the Midpoint and Opening Low. Similarly, a second set of clouds can be drawn for the secondary range (if enabled). Fibonacci Levels: The script calculates Fibonacci retracement and extension levels based on the primary range (the difference between the Opening High and Opening Low). Fibonacci levels can be used as entry and exit targets in a trading strategy, as these levels often act as potential support/resistance zones. Fibonacci levels include standard values like -0.236, -0.382, -0.618, and positive extensions like 1.236, 1.618, etc. Customizable Alerts: Alerts can be set to trigger when: The price crosses above the Opening High. The price crosses below the Opening Low. The price crosses the Opening Midpoint. These alerts can help traders act quickly on important price movements relative to the opening range. Customization Options: The indicator allows users to adjust the time settings for both the primary and secondary ranges. Custom colors can be set for the lines, clouds, and Fibonacci levels. The visibility of each line and cloud can be toggled on or off, giving users flexibility in how the chart is displayed. Fibonacci Levels Overview: The script includes several Fibonacci retracement and extension levels: Negative Retracements (e.g., -0.236, -0.382, -0.50, -0.618, etc.) are plotted below the Opening Low, and can act as potential support levels in a downtrend. Positive Extensions (e.g., 1.236, 1.382, 1.618, 2.0, etc.) are plotted above the Opening High, and can act as potential resistance levels in an uptrend. Fib levels can be used as entry and exit targets to capitalize on price reversals or breakouts. Safety Warning: This script is for educational and informational purposes only and is not intended as financial advice. While it provides valuable technical information about price ranges and Fibonacci levels, trading always involves risk. Users are encouraged to: Paper trade or use a demo account before applying this indicator with real capital. Use proper risk management strategies, including stop-loss orders, to protect against unexpected market movements. Understand that no trading strategy, indicator, or tool can guarantee profits, and losses can occur. Important: The creator, TenAMTrader, and TradingView are not responsible for any financial losses resulting from the use of this script. Always trade responsibly, and ensure you fully understand the risks involved in any trading strategy.
Pine Script® indicator
by TenAM_Trader
1
Opening Range Breakout Cloud Indicator by TenAMTraderOpening Range Breakout Cloud Indicator – by TenAMTrader This indicator visually maps out the Opening Range of the trading day — the price high and low between a configurable start and end time (default: 9:30 AM–10:00 AM EST). It helps traders identify breakout levels, key intraday zones, and price behavior relative to the early range. 🔹 What It Shows: Opening High, Low, and Midpoint lines for each day. Clouds between the midpoint and high/low for visual clarity. Optional Second Range (e.g., 9:30–9:45 AM) for more aggressive early signals. Historical Ranges are preserved, allowing you to view previous days' levels on the chart. Custom Alerts when price crosses the Opening High, Low, or Midpoint. Full customization: colors, range times, and display toggles. 🔔 Use It For: Spotting breakouts or rejections at key levels. Finding early support/resistance zones. Planning trades using intraday structure. ⚠️ Use this tool as part of a broader trading strategy. No indicator guarantees results — always trade at your own discretion.
Pine Script® indicator
by TenAM_Trader
Reverse Keltner Channel StrategyReverse Keltner Channel Strategy Overview The Reverse Keltner Channel Strategy is a mean-reversion trading system that capitalizes on price movements between Keltner Channels. Unlike traditional Keltner Channel strategies that trade breakouts, this system takes the contrarian approach by entering positions when price returns to the channel after overextending. Strategy Logic Long Entry Conditions: Price crosses above the lower Keltner Channel from below This signals a potential reversal after an oversold condition Position is entered at market price upon signal confirmation Long Exit Conditions: Take Profit: Price reaches the upper Keltner Channel Stop Loss: Placed at half the channel width below entry price Short Entry Conditions: Price crosses below the upper Keltner Channel from above This signals a potential reversal after an overbought condition Position is entered at market price upon signal confirmation Short Exit Conditions: Take Profit: Price reaches the lower Keltner Channel Stop Loss: Placed at half the channel width above entry price Key Features Mean Reversion Approach: Takes advantage of price tendency to return to mean after extreme moves Adaptive Stop Loss: Stop loss dynamically adjusts based on market volatility via ATR Visual Signals: Entry points clearly marked with directional triangles Fully Customizable: All parameters can be adjusted to fit various market conditions Customizable Parameters Keltner EMA Length: Controls the responsiveness of the channel (default: 20) ATR Multiplier: Determines channel width/sensitivity (default: 2.0) ATR Length: Affects volatility calculation period (default: 10) Stop Loss Factor: Adjusts risk management aggressiveness (default: 0.5) Best Used On This strategy performs well on: Currency pairs with defined ranging behavior Commodities that show cyclical price movements Higher timeframes (4H, Daily) for more reliable signals Markets with moderate volatility Risk Management The built-in stop loss mechanism automatically adjusts to market conditions by calculating position risk relative to the current channel width. This approach ensures that risk remains proportional to potential reward across varying market conditions. Notes for Optimization Consider adjusting the EMA length and ATR multiplier based on the specific asset and timeframe: Lower values increase sensitivity and generate more signals Higher values produce fewer but potentially more reliable signals As with any trading strategy, thorough backtesting is recommended before live implementation. Past performance is not indicative of future results. Always practice sound risk management.
Pine Script® strategy
by fenyesk
Profit Express Trading Reversal- Strateg Profit Express Trading Reversal $PXTR is based on the analysis of EURUSD market behavior and aims to trade opportunistically when a change in behavior is about to occur. This analysis involves the study of charts and key indicators which make it possible to effectively interpret the short-term transition from a market in range to a market on the verge of exploding upwards or downwards. Size : 0,25 of capital Stop loss : 5% equal to 18 Pips Take profit : 100% equal to 3600 Pips Withdraw : Each time capital graw up 10% Hatim BAKZIZ
Pine Script® indicator
by HatimBAKZIZ
Seekho roj kamao StrategyThe "Seekho Roj Kamao Strategy" is a powerful backtesting tool designed to identify high-probability trend continuation setups. It combines RSI, Chande Momentum Oscillator (CMO), and adaptive ATR-based trailing stop logic to detect precise entry points and manage risk through automated take profit (1R, 2R, 3R) and stop loss levels. This strategy dynamically evaluates trend direction shifts using price action and momentum divergence, enabling traders to test robust trading scenarios with clearly defined exits. Ideal for forex, crypto, and stock traders, it allows full customization of sensitivity and volatility filters, making it suitable for both intraday and swing trading approaches.
Pine Script® strategy
by Seekho-Roj-Kamao
Envelope//@version=5 indicator("FX 5分足 EMA+MACD+RSI 手法アラート", overlay=true) // === EMA設定 === ema20 = ta.ema(close, 20) ema50 = ta.ema(close, 50) ema100 = ta.ema(close, 100) plot(ema20, color=color.yellow, title="EMA 20") plot(ema50, color=color.orange, title="EMA 50") plot(ema100, color=color.red, title="EMA 100") // === MACD設定 === = ta.macd(close, 12, 26, 9) macdBuy = ta.crossover(macdLine, signalLine) macdSell = ta.crossunder(macdLine, signalLine) // === RSI設定 === rsi = ta.rsi(close, 14) // === ロング条件 === longCondition = ema20 > ema50 and ema50 > ema100 and close >= ema20 and macdBuy and rsi > 50 and rsi < 70 plotshape(longCondition, location=location.belowbar, color=color.green, style=shape.labelup, text="Buy", title="Buy Signal") // === ショート条件 === shortCondition = ema20 < ema50 and ema50 < ema100 and close <= ema20 and macdSell and rsi < 50 and rsi > 30 plotshape(shortCondition, location=location.abovebar, color=color.red, style=shape.labeldown, text="Sell", title="Sell Signal") // === アラート設定 === alertcondition(longCondition, title="Buy Alert", message="Buy Signal: EMA + MACD + RSI conditions met") alertcondition(shortCondition, title="Sell Alert", message="Sell Signal: EMA + MACD + RSI conditions met")
Pine Script® indicator
by tosimasa
Test OHLCV LibraryThis indicator, "Test OHLCV Library," serves as a practical example of how to use the OHLCVData library to fetch historical candle data from a specific timeframe (like 4H) in a way that is largely impervious to the chart's currently selected time frame. Here's a breakdown of its purpose and how it addresses request.security limitations: Indicator Purpose: The main goal of this indicator is to demonstrate and verify that the OHLCVData library can reliably provide confirmed historical OHLCV data for a user-specified timeframe (e.g., 4H), and that a collection of these data points (the last 10 completed candles) remains consistent even when the user switches the chart's time frame (e.g., from 5-second to Daily). It does this by: Importing the OHLCVData library. Using the library's getTimeframeData function on every bar of the chart. Checking the isTargetBarClosed flag returned by the library to identify the exact moment a candle in the target timeframe (e.g., 4H) has closed. When isTargetBarClosed is true, it captures the confirmed OHLCV data provided by the library for that moment and stores it in a persistent var array. It maintains a list of the last 10 captured historical 4H candle opens in this array. It displays these last 10 confirmed opens in a table. It uses the isAdjustedToChartTF flag from the library to show a warning if the chart's time frame is higher than the target timeframe, indicating that the data fetched by request.security is being aligned to that higher resolution. Circumventing request.security Limitations: The primary limitation of request.security that this setup addresses is the challenge of getting a consistent, non-repainting collection of historical data points from a different timeframe when the chart's time frame is changed. The Problem: Standard request.security calls, while capable of fetching data from other timeframes, align that data to the bars of the current chart. When you switch the chart's time frame, the set of chart bars changes, and the way the requested data aligns to these new bars changes. If you simply collected data on every chart bar where request.security returned a non-na value, the resulting collection would differ depending on the chart's resolution. Furthermore, using request.security without lookahead=barmerge.lookahead_off or an offset ( ) can lead to repainting on historical bars, where values change as the script recalculates. How the Library/Indicator Setup Helps: Confirmed Data: The OHLCVData library uses lookahead=barmerge.lookahead_off and, more importantly, provides the isTargetBarClosed flag. This flag is calculated using a reliable method (checking for a change in the target timeframe's time series) that accurately identifies the precise chart bar corresponding to the completion of a candle in the target timeframe (e.g., a 4H candle), regardless of the chart's time frame. Precise Capture: The indicator only captures and stores the OHLCV data into its var array when this isTargetBarClosed flag is true. This means it's capturing the confirmed, finalized data for the target timeframe candle at the exact moment it closes. Persistent Storage: The var array in the indicator persists its contents across the bars of the chart's history. As the script runs through the historical bars, it selectively adds confirmed 4H candle data points to this array only when the trigger is met. Impervious Collection: Because the array is populated based on the completion of the target timeframe candles (detected reliably by the library) rather than simply collecting data on every chart bar, the final contents of the array (the list of the last 10 confirmed 4H opens) will be the same regardless of the chart's time frame. The table then displays this static collection. In essence, this setup doesn't change how request.security fundamentally works or aligns data to the chart's bars. Instead, it uses the capabilities of request.security (fetching data from another timeframe) and Pine Script's execution model (bar-by-bar processing, var persistence) in a specific way, guided by the library's logic, to build a historical collection of data points that represent the target timeframe's candles and are independent of the chart's display resolution.
Pine Script® indicator
by viorel8
6 Exponential Moving Averages 2 SMA6 EMA Trend Indicator This indicator plots 6 Exponential Moving Averages (EMAs) with customizable periods to help traders visually analyze short-, medium-, and long-term trend alignments. Ideal for identifying trend strength, pullback zones, and dynamic support/resistance. Features: • 6 fully adjustable EMA inputs • Clear color-coded visualization • Works on all timeframes • Effective for trend trading and scalping Use it to confirm trend direction, spot EMA crossovers, or align multiple EMAs for high-probability entries.
Pine Script® indicator
by yashdarji
BLCKBOX EMA Cross StudyThe BLCKBOX EMA Cross Study is a simple EMA ribbon overlayed on the chart with the following timeframes; 7, 14, 21, 42, 90, 180 I hope you find this indicator useful. I have released several indicators that can be used in conjunction to hopefully improve your chances of making a ton of money! BLCKBOX indicators include; BLCKBOX Buying / Selling Sentiment BLCKBOX MACD Indicator BLCKBOX Relative Strength Index BLCKBOX Crypto Bear Market Prediction BLCKBOX Stochtastic BLCKBOX EMA Cross Study If you find this or any other indicator useful and wish to show your gratitude, you may! Doge DJwW7XazGk2R8nXjt8y5ydQfGKYSz3XV3h Litecoin ltc1qh8t4dmz8sugjcd5unn0g49985u0tz5gs6kf98y Bitcoin bc1q0deh9t9w9tm3qgd3npn7965rzel35qumez7m5v Ethereum 0xa23a7bbde03ea31f5cce4b115c8ef1ea8bc9f467 Pepe Pr7DZSXKwVGv7LYhRQ9oSuuWxUecc3Dvwq
Pine Script® indicator
by AdamDShort
Advanced Donchian ChannelsJust an indicator I got ChatGPT to cook up for my own use, sharing it in case anyone else finds it useful. I have included a screenshot of my own settings as well for reference. This indicator enhances the classic Donchian Channel with powerful contextual features to support modern breakout and volatility-based trading strategies. 🔹 Core Features: Donchian Bands: Plots the highest high and lowest low over a configurable lookback period. Dynamic Fill Shading: - Color-coded based on the slope of the midline (Basis): Default settings are Green for uptrend, Red for downtrend, Silver for flat, Gray for narrow volatility. - All fill colors are fully customizable. Volatility Filter: - Detects when the channel width is narrow using either a fixed value or a percentage of price. - Optionally shades only during low-volatility (compression) periods. Customizable Style: - Adjustable opacity, offsets, and color settings to suit your charting style. 🛠 Use Cases: - Spot potential breakout setups after periods of low volatility. - Identify trend direction via basis slope shading. - Combine with momentum or volume tools for high-probability entries.
Pine Script® indicator
by kisaragi01