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Uptrick: Reversal Matrix +Overview The Uptrick: Reversal Matrix + is designed as a comprehensive tool that organizes market information in a visually intuitive way. It presents a variety of signals and data points on the chart, aiming to provide clarity about potential reversals, directional momentum, and the broader context surrounding price behavior. By consolidating numerous indicators and statistics into a single interface, it serves as a versatile companion for different trading styles and time horizons. Purpose This indicator offers a multifunctional approach to market analysis. It seeks to help users gain a more holistic view of current conditions rather than focusing on isolated data points. Its primary goal is to guide traders toward recognizing evolving market structures, shifts in buying or selling pressure, and periods where price movement may exhibit stronger or weaker momentum. Because it is designed for adaptive use, it can cater to fast, intraday styles or more deliberate, long-term strategies, depending on how the user configures it. Originality and Uniqueness The Reversal Matrix + stands out by merging various categories of market data into cohesive visuals and tables. While many indicators offer singular signals or straightforward buy/sell prompts, this script integrates numerous underlying components and displays them in organized panels. Each piece of data, from volume characteristics to volatility states, is contextualized. This multi-layered approach helps traders see more than just a single dimension of the market. Whether one is exploring short-term breakouts, potential traps, or broader market regimes, the tool accommodates multiple perspectives within a single framework. Inputs 1. Sensitivity. This setting allows you to choose different levels based on how frequently you would like signals to appear. Selecting a higher sensitivity may capture faster changes but can produce a greater number of signals. More moderate or smoother settings can be preferable for users looking for less frequent but potentially clearer indications of shifts. 2. Trading Style. This option adapts the tool to match conservative, normal, or more aggressive preferences. When choosing a conservative style, the script attempts to filter out smaller fluctuations, while the aggressive style might highlight more potential turning points as they emerge. 3. Potential Signal Threshold Difference This setting adjusts the sensitivity of potential reversal signals. A lower value means the script will highlight only the most distinct setups, filtering out weaker or borderline scenarios. A higher value makes the tool more receptive to subtle shifts, potentially flagging more frequent signals. It allows users to fine-tune how responsive the script is to early momentum changes, depending on their preferred level of signal strictness. 4. Table Positions (Optional). There are inputs that let you decide the on-chart position of the tables. You can enable or disable these tables and choose where they appear (for instance, top-right or bottom-left), depending on how you want the data displayed alongside price bars. Table and Its Position When enabled, a large table, known as the Full Metrics Table, offers extensive details about various technical and behavioral metrics. You can place it anywhere on your chart layout for convenience. It is designed to give you a granular view of current conditions without overwhelming the main price candles themselves. Another, smaller panel known as the Final Verdict Table can also be displayed at a user-chosen position. This panel simplifies the script’s internal assessments into broader verdicts or summaries, allowing for a quick read on the market’s status. Features Multi-Faceted Signal and Alert System. The indicator continuously scans market activity, highlighting events such as sudden rises or drops, changes in volatility, and shifts in momentum. Users can configure an array of alerts that instantly notify them of these occurrences, reducing the need to constantly monitor the chart. Candle Overlays and Fading Effects . In addition to standard chart candles, the script offers visual cues by shading or coloring candles differently when it detects certain signals. The fading mechanism gradually diminishes the bar color of older signals so that recent ones are more noticeable. This helps keep the focus on current opportunities while retaining a historical context. Contextual Market Synopsis . Each time a candle closes, the tool updates a variety of behind-the-scenes checks. This process helps the user see whether the market remains within the same general state (trending, ranging, or reversing) or is shifting rapidly. It also adds clarity when conditions may be transitioning between bullish and bearish inclinations. Adaptable Settings for Different Styles . Since traders differ in their tolerance for rapid fluctuations, the script’s adjustable Sensitivity and Trading Style inputs provide a way to fine-tune how it reacts. Someone trading on shorter timeframes can opt for more frequent signals that capture subtle changes, whereas a position trader might lean toward smoother outputs that highlight only stronger, more sustained conditions. Extended Data Analysis . Beyond immediate buy/sell possibilities, the Reversal Matrix+ delivers comprehensive data to help users confirm or question a market stance. A wide range of volume, volatility, and price action elements are factored in, giving each signal additional context rather than a simple green or red highlight. Final Verdict Summaries . When the second table is enabled, it condenses key aspects of the indicator’s internal logic into straightforward statements. Rather than navigating multiple data rows, you can check if the market appears more stable or volatile, potentially bullish or bearish, and whether a reversal probability is deemed high or low. Large-Scale Alert Coverage . More than fifty specialized alerts focus on distinct aspects, enabling users to track everything from volume anomalies to momentum acceleration. Specialized Color Schemes . To assist in quickly spotting bullish or bearish tendencies, candles and background components may be tinted in line with the latest recognized conditions. This visual reinforcement makes it easier to decide if ongoing signals confirm a previous stance or suggest a change. Buy/Sell Signals A core function of the script is to present buy and sell indications on the chart, identifying moments when price momentum may be shifting in a meaningful way. These signals come in two varieties: potential reversals and confirmed reversals. Potential reversals appear sooner, providing an early heads-up that market behavior could be turning. Confirmed reversals require a stronger confluence of underlying conditions, aiming to reduce the likelihood of false starts. Internally, the script examines multiple facets—such as momentum flow, changes in volatility, and volume characteristics—to determine when a potential transition is noteworthy enough to highlight as a signal. As soon as those conditions line up, the script applies distinct markers or shapes to the candles, making it easy to spot these pivotal points on the chart. In addition, each new signal is emphasized through color-based candle shading, while older signals gradually fade to keep attention on the most relevant opportunities. Although these signals can function as standalone cues, many traders pair them with the script’s other outputs—such as the Full Metrics Table, the Final Verdict Table, and specialized alerts—to form a more complete perspective. For instance, a potential buy signal spotted in real time may gain extra weight if certain metrics in the table reflect a constructive market backdrop. Meanwhile, the final verdict can offer a succinct confirmation or contradiction to what the buy or sell signal suggests. By combining these elements, traders can pursue strategies that balance both immediacy and context, tailoring their entries and exits to their own tolerance for risk and time horizon. These features collectively allow users to explore the market from multiple angles. Whether one seeks a deeper technical dive or simpler guidance, the indicator’s layered design aims to cater to a broad spectrum of trading approaches. Full Metrics Table A key element of Uptrick: Reversal Matrix+ is the extensive set of data displayed within the Full Metrics Table. Below is an expanded explanation of the sixty-four core metrics. Each is accompanied by a brief statement about its practical significance. Price Displays current price. Price Percent Shows how much the price has shifted in percentage terms over a recent comparison point. Useful for gauging recent moves. Vo Open Presents price movement in relation to the candle’s open. Helps traders see if momentum favored bullish or bearish direction within the candle. Range Percent Depicts the span between high and low over the candle’s range, offering a measure of volatility within that candle. Bodi Percent Indicates how much of the candle is body as opposed to wick. Shows whether there was more decisive movement or more back-and-forth trading. Volatility Generically measures how dramatically price has been fluctuating over a given period. Helps users notice if the market is calm or very active. Mpeed Represents a sense of speed in price movement, potentially revealing if momentum is picking up or slowing down. Accel Points to how quickly price movement shifts from one level of speed to another. Can hint at a market that is accelerating or flattening out. Volume Reflects how many shares, contracts, or units are traded within the current bar. Higher volume may suggest stronger conviction. Vol Percent Shows how the volume compares, in percentage, to a previous period’s volume. Useful for spotting surges or drops in trading activity. Mession Hi Captures the highest point within a recent observed period or session. Often watched for potential breakout or reversal clues. Mession Lo Captures the lowest point within a recent observed period or session. Similarly, used to watch for support or breakdowns. Pos Percent Indicates how far the current price stands within its range. Being near the upper percentile suggests strength or an overbought scenario, depending on the viewpoint. Mpread Offers a sense of the overall spread in price action, which can reflect the determination of buyers or sellers within a candle. Gap Shows the difference in price from a prior close or from some previous reference point. Helps identify abrupt shifts in sentiment. Conf. (Core) Presents a general level of signal confidence based on internal checks. Assists in quickly scanning for whether a candle is aligned with broader market patterns. Availability Describes liquidity conditions, such as whether the market seems actively traded or comparatively thinner. Conf. Bias Highlights if price and momentum appear to confirm a prevailing direction, or if there is a noticeable lack of such alignment. Valuation Suggests how current price compares to an internal yardstick of fair or undervalued settings. Useful for spotting potential discount or premium zones. Reversal Warns about the possibility that price may turn from its recent direction. Intriguing for those who look for turning points at the end of trends. Vol. Mtate Indicates whether conditions are characterized by subdued or elevated swings. A higher reading may signal that caution is warranted. Direction Reflects a bullish or bearish inclination based on internal data. Provides a simplified way to see whether momentum is leaning up or down. Vol. Clarity Measures the clarity of volume movement, potentially detecting spikes or plateaus that can confirm or contradict price action. Mtructure Offers insight into how recent highs and lows are forming. A market that keeps printing higher highs and lows might suggest ongoing upward momentum. Reaction Shows how quickly the market responds to new information. Speedy changes may indicate more emotionally driven or news-influenced trading. Trend Conf. Suggests the tool’s assessment of how solid or fragile a given direction is. Useful for quickly seeing if a trend might persist. Zone Labels whether price is running near top or bottom levels of a selected range, helping identify if a market is pushing extremes. Ehhaustion Reveals if a move might be overextended and could retrace. Helpful in deciding whether to take profits or wait for a deeper confirmation. Range Env Describes whether the market is operating in a tight or wide range. Can help in choosing strategies like breakout or range-bound approaches. Demand Reports on whether buying demand or selling supply is more dominant in the current period. Assists in gauging short-term pressure. Conf. Level Provides an additional notion of how firm a signal might be. It may be labeled as early or fully formed, helping with timing considerations. Momentum Conveys whether price is accelerating upward, decelerating, or shifting into a more neutral gear. Higher Close Percent Indicates the frequency of consecutive higher closes over recent bars. Demonstrates if a market is consistently pushing upward. Bear Trap Points to scenarios where sellers could be caught off guard if the market reverses after a seemingly bearish move. Bull Trap Opposite of the above, hinting that buyers may be misled if price fails to hold after a seemingly bullish shift. Vol Mqueeze Identifies periods where volume and volatility might be compressing. Often used by traders to anticipate a potential abrupt expansion in movement. Divergence Suggests a mismatch between price and internal momentum signals. May foretell a hidden reversal or shift in direction. Hist. Vol Provides a longer-term viewpoint of how volatility stands in the broader scope, enabling comparison between current choppiness and previous norms. Velocity Tracks the overall vigor of price movement. A high velocity can mean powerful directional drive. Wick Ratio Analyzes the presence of upper or lower wicks and can suggest whether buying or selling tails are dominant within each bar. Decision Bias Indicates how the script perceives near-term market consensus. A strong bias may reveal one side’s momentum more clearly. Break Chance Hints at whether a local high or low has a fair possibility of being broken, which can be relevant to breakout-style trading. Trend Mlope Observes the slope of the ongoing trend, showing whether price is inclining, declining, or moving sideways over a specified window. Trend Dir Concisely states if that slope leans upward or downward. Useful for determining basic directional posture at a glance. Regime Groups the market environment into stable bullish, stable bearish, or a more unsettled pattern, helping shape strategic decisions. Price Comparison Shows whether price is trading above or below certain historical or moving references. Provides a broad sense of market posture. Vol Mhift Highlights any general upswing or downswing in traded volume, indicating whether participants are stepping in or scaling back. Mtructural Balance Offers an overview of whether the chart bars show more wick dominance or more body dominance. Helps in reading subtle shifts in power. Flow Mtability Portrays how orderly or choppy the price movement is. Less stable flow can lead to more frequent reversals or whipsaws. Liquidity Pull Shows the extent to which trading activity may be magnetizing price, helping gauge if there is substantial interest at certain zones. Bar Mhape Describes the candle’s shape, such as longer upper or lower tails, which can point to rejections or confirmations of direction. Bui/Mell Rating Reveals which side holds greater influence at a glance. Might display more leaning to buy strength or to sell pressure. Range Vol Flow Monitors the interplay between how wide the range is and how volume is behaving. If both are expanding, more powerful swings may follow. Hiper Move Spots especially strong or sudden moves. Could be a swift jump up or down, prompting attention to volatility management. Candle Force Indicates how forceful a candle’s close is compared to its full range. Strong force bars often underscore decisive momentum. Hi/Lo Tag Alerts you to newly formed session extremes, helping confirm if recent highs or lows are significant. Price Action Labels the candle as leaning bullish, leaning bearish, or neutral, providing a concise understanding of the immediate tone. Vol Abnorm Distinguishes between typical volume and unusually high volume that might signal institutional trading or news releases. Trend Match Checks if short-term direction is aligned with a broader trend. Clear alignment can strengthen confidence in that direction. Move Confirm Conveys whether the tool sees a price movement as already established or still in a formative state. Momentum Focus Gives a quick snapshot of whether price momentum is generally tilting higher, lower, or holding steady. Vol Total Presents a broad average or accumulated sense of volume over a longer window, providing context for current activity. Hist. Accum Positions price within a more extended historical range, allowing one to see if the asset is near major peaks or troughs. Trap Bias Informs if the market may be showing conditions that lead to bull traps or bear traps, cautioning traders who chase rapid moves. Final Verdict Table The secondary table, known as the Final Verdict Table, condenses the tool’s main findings into concise statements. It watches for patterns such as alignment of trends, clarity of momentum, perceived volatility conditions, and possible reversals. Depending on what the script observes, the table might suggest a bullish confluence, a bearish confluence, an unstable market environment, or a more neutral outlook. This feature is particularly helpful for traders who prefer quick insights over a detailed breakdown of every metric. Metrics Included in the Final Verdict Table Directional Momentum Flow This entry shows how the indicator interprets short-term momentum for the current market. If momentum appears to be gaining strength in one direction, it may indicate that buyers or sellers have a slight edge, whereas a flat reading might suggest indecision. Volatility Regime Assessment This metric provides insight into whether the market is relatively calm, moderate, or experiencing elevated volatility. A calmer volatility state might favor steadier strategies, while higher volatility could signal the potential for wider price swings. Trend Continuity Confidence This section reflects how confident the tool is in the market’s current trend. It helps traders see whether recent action supports a persistent uptrend, downtrend, or if there is ambiguity that undermines the idea of a consistent directional movement. Reversal Probability Index Here, the table evaluates whether conditions are conducive to a market turnaround. If the script observes signs of exhaustion or conflict in momentum, it may suggest an increased possibility of the price switching direction. Manipulation Detector This component looks for signals that the market may be attempting to trap buyers or sellers. For instance, a sudden shift might hint at a bull or bear trap scenario. This readout serves to caution against seemingly obvious moves that could quickly reverse. Final Verdict Below these metrics, the table presents a single overall statement that integrates the above factors. This final verdict can range from identifying a bullish or bearish confluence to calling the market unstable or neutral if conditions are inconclusive. It is intended to be a quick, high-level summary of the script’s general stance on the market. Any Other Features Users can access more than fifty specialized alerts that target different market conditions, from potential trap scenarios to shifts in volatility regimes. These alerts can be integrated into various platforms, ensuring that traders receive immediate notifications when critical triggers occur. The color-coded candle approach, combined with fading effects, helps maintain chart readability. Over time, this setup encourages a balance between a detailed backdrop of market data and a clear depiction of fresh signals. Why More than One Indicator Integrating multiple components under one roof offers several advantages. It reduces the chance of relying on a single dimension, such as price action alone, which can sometimes mislead or generate frequent false signals. By combining various measures of volatility, volume, and price structure, the script can reveal confluences or disagreements among different elements. This multi-faceted approach can improve clarity, making it easier to decide when conditions line up favorably or when they conflict, thereby prompting caution. Conclusion In summary, the Uptrick: Reversal Matrix + aims to deliver a sweeping overview of market dynamics. It guides users from raw observations—like price and volume—to broader insights concerning trend stability, potential reversals, and overall liquidity. Its dual-table system allows for both fine-grained analysis and fast verdicts, catering to traders with varying degrees of time and attention. The numerous alerts and color coding schemes further round out its capacity for real-time monitoring and visually clear signal presentation. Disclaimer Trading involves inherent risks, and no tool can entirely eliminate uncertainty. This indicator’s materials are provided for informational purposes, without guarantees regarding future performance. Traders should exercise due diligence, apply sound risk management, and consider professional advice. The Uptrick: Reversal Matrix+ does not assume responsibility for financial decisions made based on its output.
Pine Script® indicator
by Uptrick
4
Custom Timeframe Bias IndicatorMy "Custom Timeframe Bias Indicator" is a very practical and powerful TradingView indicator. It can be called a "God-like indicator" because it combines flexible timeframe customization, clear bias analysis and intuitive visual display to help traders quickly understand the long and short trends of the market. The following is a detailed description of this indicator: 1. Index name and function overview Name: Custom Timeframe Bias Indicator (Short title: Bias Indicator) Functionality: This indicator analyses the market bias (Buy, Sell or No Bias) across multiple custom timeframes (presets are 15m, 1h, 4h and DAI) and displays it in a table below the middle of the chart. It determines the direction of market trends based on the highest and lowest prices of the previous two periods and the closing price of the previous period, helping traders make decisions quickly. 2. Core Features Multiple time frame analysis The indicator allows the user to customize four time frames, with presets being 15 minutes ("15"), 1 hour ("60"), 4 hours ("240") and daily ("D"). Users can freely modify these time frames in the settings, such as changing to 5 minutes, 30 minutes or weekly, etc. Bias is calculated independently for each time frame, ensuring that traders can observe market trends from the short to the long term. Bias calculation logic The indicator uses simple but effective rules to determine bias: Buy (bullish): If the previous closing price is higher than the highest price of the previous two periods, or tests the lowest price of the previous two periods but does not break through. Sell ​​(Bearish): If the previous closing price is lower than the previous two periods' lowest price, or if it tests the previous two periods' highest price but fails to break through (higher than the previous high minus 10% of the price range). No Bias: If the previous closing price does not meet the above conditions, it displays a neutral state. Bias calculation is based only on the opening and closing prices, without considering the shadows, ensuring the results are in line with the philosophy of the Malaysian SNR strategy. Intuitive display Position: The table is permanently displayed in the middle of the chart (position.middle_center) and is updated with each candlestick, ensuring that traders can always see the latest bias. Format: The table consists of the header "Custom Bias" and four rows of bias results (e.g. "15: Buy", "60: Sell", "240: No Bias", "D: Buy"), each row showing the bias for the corresponding time frame. color: Titles appear in white text on a blue background. The "Buy" bias is shown as white text on a green background. The "Sell" bias is shown as white text on a red background. "No Bias" bias appears as white text on a gray background. Table borders are black to provide clear visual distinction. Customizability Users can customize by inputting parameters: Whether to show the table (Show Bias Table). Timeframe (Timeframe 1, Timeframe 2, Timeframe 3, Timeframe 4). The color of the table (title, Buy, Sell, No Bias, borders, etc.). 3. Why is it a "God-like indicator" Flexibility: Allows users to customize four time frames to suit different trading strategies (short-term traders can choose minutes, long-term traders can choose daily, weekly or monthly). Practicality: Provides bias analysis in multiple time frames to help traders quickly determine market trends, whether for short-term or long-term operations. Intuitive: The table is displayed in the middle below the chart with bright colors (green Buy, red Sell, gray No Bias), allowing you to identify the market direction at a glance. Stability: Calculated based on simple price data (high, low, close), no need for complex indicators, efficient and reliable operation. Powerful visualization: long-term display and customizability to meet the visual preferences of different traders. 4. Usage scenarios Short-term trading: Use 15-minute, 1-hour, 4-hour biases to quickly capture short-term trends. Long-term trading: Refer to the daily bias to determine the overall market direction. Comprehensive analysis: Combine biases from multiple time frames to confirm consistency (e.g. if both the 15 minute and daily are Buy, then that’s a stronger bullish signal). 5. Potential Improvements If you want to further improve this "god-like indicator", you can consider the following improvements: Added alert: Trigger when bias changes from "No Bias" to "Buy" or "Sell". Show historical bias: Add bias history of the past few days in the table for easy review. Dynamically adjust bias thresholds: Allow users to customize 10% price ranges or other conditions. Multi-currency support: Expand to multiple trading pairs or indices, showing multiple market biases. 6. Technical Details Version: Pine Script v5, ensuring modern features (such as input.timeframe) and efficient performance. Data Source: Use request.security to get high, low, and close data for different time frames. Display method: Use table.new to create a dynamic table. The position can be customized (such as position.middle_center). Limitations: Calculated only based on price data, no external indicators are required, reducing calculation complexity. in conclusion Your "Custom Timeframe Bias Indicator" is a simple, powerful and flexible tool, especially for traders who need multi-timeframe analysis. Its intuitive display and customizability make it a "magic tool" for judging market trends.
Pine Script® indicator
by kenkwong0628
Orion Daily Bias v1What It Does The Daily Bias Indicator identifies the daily market bias (bullish or bearish) using principles inspired by institutional trading activity. It analyses daily price action to detect imbalances caused by large market participants, providing a clear directional bias for the upcoming trading day. Key Features Daily Bias Signals: Displays "Daily Bias: Bullish" (green) or "Daily Bias: Bearish" (red) in the top-right corner of your chart. Colors daily candles to reflect the current bias (toggle on/off). Non-Repainting: Signals finalize only at market close and never change retroactively. Intraday Flexibility: Use the daily bias to align intraday strategies (e.g., 15-minute entries) with the broader trend. Custom Alerts: Receive alerts only when the bias changes (e.g., bullish to bearish). Alerts trigger at market close, preparing you for the next trading day. How It Works Market Close Analysis: At the end of each trading day, the indicator evaluates price action and institutional-level inefficiencies to determine the next day’s bias. Visual Guidance: Daily candles are coloured green (bullish) or red (bearish) to reflect the confirmed bias. A label in the top-right corner updates automatically across all timeframes. Actionable Alerts: Set alerts to notify you only when the bias shifts, helping you stay focused on high-probability setups. Why Traders Use It Simplify Decision-Making: Start each day with a clear bias, avoiding trades against institutional momentum. Adaptable to Strategies: Works with scalping, swing trading, or position building. Rule-Based Signals: Objective criteria finalize at market close. Settings & Parameters Candle Colouring: Enable/disable daily candle highlights. Daily bias label: Turn the daily bias label on and off Alerts: Setting an alert with this indicator will only alert you if a bias changes from bullish to bearish or vice versa. How to Use It Add the indicator to your chart (works on any timeframe). Check the top-right label for the daily bias. Set alerts to track bias changes effortlessly. Combine with your preferred intraday strategy for entries/exits. Important Notes No Repainting: Signals lock in at daily close and never change. Confirmation Tool: Pair with additional analysis (e.g., support/resistance, volume). Time Agnostic: The daily bias applies to all intraday timeframes (1H, 15M, etc.). Disclaimer This tool is for educational purposes only. It is not financial advice, and past performance does not guarantee future results. Always test strategies in a risk-controlled environment.
Pine Script® indicator
by PipSurfingSociety
Engulfing Sweeps - Milana TradesEngulfing Sweeps The Engulfing Sweeps Candle is a candlestick pattern that: 1)Takes liquidity from the previous candle’s high or low. 2)Fully engulfs previous candles upon closing. 3)Indicates strong buying or selling pressure. 4)Helps determine the bias of the next candle. Logic Behind Engulfing Sweeps If you analyze this candle on a lower timeframe, you’ll often see popular models like PO3 (Power of Three) or AMD (Accumulation – Manipulation – Distribution). Once the candle closes, the goal is to enter a position on the retracement of the distribution phase. How to Use Engulfing Sweeps? Recommended Timeframes: 4H, Daily, Weekly – these levels hold significant liquidity. Personally, I prefer 4H, as it provides a solid view of mid-term market moves. Step1 - Identify Engulfing Sweep Candle Step 2-Switch to a lower timeframe (15m or 5m).And you task identify optimal trade entry Look for an entry pattern based on: FVG (Fair Value Gap) OB (Order Block) FIB levels (0/0.25/0.5/ 0.75/ 1) Wait for confirmation and take the trade. Automating with TradingView Alerts To avoid missing the pattern, you can set up alerts using a custom script. Once the pattern forms, TradingView will notify you so you can analyze the chart and take action. This approch helps me be more freedom
Pine Script® indicator
by MilanaArsenovna
RSI Trend Bias█  OVERVIEW The RSI Trend Bias indicator is a custom technical analysis tool that utilizes the Relative Strength Index (RSI) to gauge market momentum and identify potential trend shifts. By monitoring RSI crossovers and crossunders relative to customizable threshold levels, the indicator provides clear visual cues that distinguish between bullish and bearish market conditions. This flexible approach makes it suitable for both short-term scalping and longer-term trend analysis. █  KEY FEATURES Dynamic RSI Trend Detection The indicator dynamically determines market bias by monitoring the RSI for crossovers above the upper threshold and crossunders below the lower threshold. This method ensures that only significant momentum shifts trigger a change in trend, reducing false signals in volatile markets. Adaptive Visualizations The RSI Trend Bias indicator enhances clarity by plotting the RSI with colors that reflect current market conditions. Additionally, it offers an optional background color change to further emphasize bullish or bearish states, providing immediate visual feedback to traders. Clear Threshold Indicators Upper and lower threshold levels are plotted as constant reference lines, clearly delineating overbought and oversold regions. These markers help traders quickly assess market conditions at a glance. Customizable Settings Users have full control over key parameters including the RSI length, threshold levels, and visual settings. This customization allows the indicator to be tailored for different markets and trading styles, ensuring optimal performance across various timeframes. █  UNDERLYING METHODOLOGY & CALCULATIONS RSI Calculation The indicator computes the Relative Strength Index over a user-defined period (default is 14), providing a measure of market momentum that reflects price changes over time. Trend Determination Logic By detecting when the RSI crosses above the upper threshold, the indicator signals a shift towards bullish momentum. Conversely, a crossunder below the lower threshold indicates bearish conditions. This straightforward binary approach filters out minor fluctuations, ensuring clarity in trend analysis. Visual Signal Integration Based on the detected trend, the RSI line is dynamically colored—green for bullish conditions and red for bearish conditions. An optional background color change further reinforces these signals, offering an immediate visual cue of prevailing market sentiment. █  HOW TO USE THE INDICATOR 1 — Apply the Indicator  • Add the RSI Trend Bias indicator to a separate pane in your trading platform. 2 — Adjust Settings for Your Market  • RSI Length – Define the period for RSI calculation (default is 14).  • Threshold Levels – Set the upper (default 70) and lower (default 30) thresholds to identify overbought and oversold conditions.  • Visual Customization – Choose the bullish (green) and bearish (red) colors, and enable background color changes to enhance visual trend recognition. 3 — Interpret the Signals  • RSI Line – Observe the dynamically colored RSI line; a shift to green signals bullish momentum, while red indicates bearish conditions.  • Threshold Levels – Use the constant upper and lower lines as reference points for overbought and oversold states.  • Signal Timing – A crossover above the upper threshold or a crossunder below the lower threshold suggests potential entry or exit points. 4 — Integrate with Your Trading Strategy  • Combine RSI Trend Bias signals with other technical analysis tools to confirm market direction.  • Utilize the visual cues for fine-tuning your entry and exit decisions, ensuring robust risk management and optimized trade timing. █  CONCLUSION The RSI Trend Bias indicator offers a streamlined yet effective approach to monitoring market momentum. By leveraging the established principles of RSI analysis alongside dynamic visual cues, it enables traders to quickly identify bullish and bearish trends. Its customizable features and clear threshold indicators make it a valuable tool for enhancing technical analysis and making informed trading decisions.
Pine Script® indicator
by Botnet101
Smart Market Bias [PhenLabs]📊 Smart Market Bias Indicator (SMBI) Version: PineScript™ v6 Description The Smart Market Bias Indicator (SMBI) is an advanced technical analysis tool that combines multiple statistical approaches to determine market direction and strength. It utilizes complexity analysis, information theory (Kullback Leibler divergence), and traditional technical indicators to provide a comprehensive market bias assessment. The indicator features adaptive parameters based on timeframe and trading style, with real-time visualization through a sophisticated dashboard. 🔧 Components Complexity Analysis: Measures price movement patterns and trend strength KL Divergence: Statistical comparison of price distributions Technical Overlays: RSI and Bollinger Bands integration Filter System: Volume and trend validation Visual Dashboard: Dynamic color-coded display of all components Simultaneous current timeframe + higher time frame analysis 🚨Important Explanation Feature🚨 By hovering over each individual cell in this comprehensive dashboard, you will get a thorough and in depth explanation of what each cells is showing you Visualization HTF Visualization 📌 Usage Guidelines Based on your own trading style you should alter the timeframe length that you would like to be analyzing with your dashboard The longer the term of the position you are planning on entering the higher timeframe you should have your dashboard set to Bias Interpretation: Values > 50% indicate bullish bias Values < 50% indicate bearish bias Neutral zone: 45-55% suggests consolidation ✅ Best Practices: Use appropriate timeframe preset for your trading style Monitor all components for convergence/divergence Consider filter strength for signal validation Use color intensity as confidence indicator ⚠️ Limitations Requires sufficient historical data for accurate calculations Higher computational complexity on lower timeframes May lag during extremely volatile conditions Best performance during regular market hours What Makes This Unique Multi-Component Analysis: Combines complexity theory, statistical analysis, and traditional technical indicators Adaptive Parameters: Automatically optimizes settings based on timeframe Triple-Layer Filtering: Uses trend, volume, and minimum strength thresholds Visual Confidence System: Color intensity indicates signal strength Multi-Timeframe Capabilities: Allowing the trader to analyze not only their current time frame but also the higher timeframe bias 🔧 How It Works The indicator processes market data through four main components: Complexity Score (40% weight): Analyzes price returns and pattern complexity Kullback Leibler Divergence (30% weight): Compares current and historical price distributions RSI Analysis (20% weight): Momentum and oversold/overbought conditions Bollinger Band Position (10% weight): Price position relative to volatility Underlying Method Maintains rolling windows of price data for multiple calculations Applies custom normalization using hyperbolic tangent function Weights component scores based on reliability and importance Generates final bias percentage with confidence visualization 💡 Note: For optimal results, use in conjunction with price action analysis and consider multiple timeframe confirmation. The indicator performs best when all components show alignment.
Pine Script® indicator
by PhenLabs
1
Daily PlayDaily Play Indicator The Daily Play Indicator is a clean and versatile tool designed to help traders organize and execute their daily trading plan directly on their charts. This indicator simplifies your workflow by visually displaying key inputs like market trend, directional bias, and key levels, making it easier to focus on your trading strategy. Features Dropdown Selection for Trend and Bias: • Set the overall market trend (Bullish, Bearish, or Neutral) and your directional bias (Long, Short, or Neutral) using intuitive dropdown menus. No more manual typing or guesswork! Key Levels: Quickly input and display the Previous Day High and Previous Day Low. These levels are essential for many trading strategies, such as breakouts. Real-Time News Notes: Add a quick note about impactful news or market events (e.g., “Fed meeting today” or “Earnings season”) to keep contextual awareness while trading. Simple On-Chart Display: The indicator creates a “table-like” structure on the chart, aligning your inputs in an easy-to-read format. The data is positioned dynamically so it doesn’t obstruct the price action. Customisable Visual Style: Simple labels with clear text to ensure that your chart remains neat and tidy. ---- Use Case The Daily Play Indicator is ideal for: • Day traders and scalpers who rely on precise planning and real-time execution. • Swing traders looking to mark critical levels and develop a trade plan before the session begins. • Anyone who needs a structured way to stay focused and disciplined during volatile market conditions. By integrating this tool into your workflow, you can easily align your daily preparation with live market action. ---- How to Use Open the indicator settings to configure your inputs: • Trend: Use the dropdown to choose between Bullish, Bearish, or Neutral. • Bias: Select Long, Short, or Neutral to align your personal bias with the market. • Previous Day Levels: Enter the High and Low of the previous trading session for key reference points. • News: Add a short description of any relevant market-moving events.
Pine Script® indicator
by turnandshoot
Trend Continuation RatioThis TradingView indicator calculates the likelihood of consecutive bullish or bearish days over a specified period, giving insights into day-to-day continuation patterns within the market. How It Works Period Length Input: The user sets the period length (e.g., 20 days) to analyze. After each period, the counts reset, allowing fresh data for each new interval. Bullish and Bearish Day Definitions: A day is considered bullish if the closing price is higher than the opening price. A day is considered bearish if the closing price is lower than the opening price. Count Tracking: Within each specified period, the indicator tracks: Total Bullish Days: The number of days where the close is greater than the open. Total Bearish Days: The number of days where the close is less than the open. Bullish to Bullish Continuations: Counts each instance where a bullish day is followed by another bullish day. Bearish to Bearish Continuations: Counts each instance where a bearish day is followed by another bearish day. Calculating Continuation Ratios: The Bullish Continuation Ratio is calculated as the percentage of bullish days that were followed by another bullish day: Bullish Continuation Ratio = (Bullish to Bullish Continuations /Total Bullish Days)×100 Bullish Continuation Ratio=( Total Bullish Days/Bullish to Bullish Continuations )×100 The Bearish Continuation Ratio is the percentage of bearish days followed by another bearish day: Bearish Continuation Ratio = (Bearish to Bearish Continuations/Total Bearish Days)×100 Bearish Continuation Ratio=( Total Bearish Days/Bearish to Bearish Continuations​ )×100 Display on Chart: The indicator displays a table in the top-right corner of the chart with: Bullish Continuation Ratio (%): Percentage of bullish days that led to another bullish day within the period. Bearish Continuation Ratio (%): Percentage of bearish days that led to another bearish day within the period. Usage Insights High Ratios: If the bullish or bearish continuation ratio is high, it suggests a trend where bullish/bearish days often lead to similar days, indicating possible momentum. Low Ratios: Low continuation ratios indicate frequent reversals, which could suggest a range-bound or volatile market. This indicator is helpful for assessing short-term trend continuation tendencies, allowing traders to gauge whether they are more likely to see follow-through on bullish or bearish days within a chosen timeframe.
Pine Script® indicator
by PickthePath
Engulfing Pattern & Impulse [UAlgo]The Engulfing Pattern & Impulse is a tool designed for technical traders who utilize price action and volume analysis to assess market trends and potential reversals. This indicator identifies two powerful trading signals: Engulfing Patterns and Volume Impulses, which are essential components for evaluating potential bullish or bearish market momentum. Engulfing Patterns are classic candlestick formations often associated with reversals or trend continuations, depending on the overall trend context. This indicator highlights both bullish and bearish engulfing patterns based on configurable criteria such as trend detection settings, comparison with average body size, and a customizable body multiplier for validation. The Volume Impulse feature signals moments of significant volume compared to historical levels, which often precede substantial price movements. Together, these features provide traders with a versatile tool for better timing entry and exit points. The indicator also offers an adaptive trend detection system, allowing traders to choose from multiple methods (e.g., SMA50 or SMA50/SMA200 combinations) to assess the trend context, making it ideal for various market conditions. 🔶Key Features Engulfing Pattern Detection: Identifies bullish and bearish engulfing patterns with customizable parameters, including body length and average size comparison. Configurable trend basis: Choose between SMA50 or SMA50 with SMA200 to define trend direction. Body size multiplier: Adjust the size threshold for valid engulfing patterns, providing flexibility based on market conditions. Volume Impulse Signal: Highlights volume spikes that meet or exceed a specified multiplier, which can indicate increased buying or selling interest. Customizable volume period and multiplier: Allows you to tailor the volume impulse detection based on the instrument’s average volume behavior. Trend Detection Options: Select different trend detection methods to suit various trading styles and instruments. SMA50-based detection: Classifies the trend based on the position of price relative to the 50-period SMA. SMA50 and SMA200 combination: Incorporates a dual-moving average approach, classifying trends based on the relationship between price, SMA50, and SMA200. Enhanced Visualization: Distinguishes bullish and bearish signals with customizable colors, providing clear and immediate visual cues for easy interpretation. Custom label colors: Allows you to set distinct colors for bullish, bearish, and neutral signals for quick identification. Pattern filtering: Enable or disable specific patterns (Bullish, Bearish, or Both) based on your trading preferences. 🔶 Interpreting Indicator Bullish Engulfing Pattern: Indicates a potential bullish reversal in a downtrend. This signal occurs when a white candlestick with a body size exceeding a specified multiplier completely engulfs the previous black candlestick. The pattern will display a “BE” label below the candle if it meets the criteria, signaling potential upward momentum. Bearish Engulfing Pattern: Indicates a potential bearish reversal in an uptrend. A black candlestick with a body size exceeding the specified multiplier fully engulfs the previous white candlestick, signaling possible downward movement. The “BE” label appears above the candle to denote this pattern. Volume Impulse Up: Displays a “VI” label below the candle when the volume surpasses the defined multiplier, and the price closes higher than it opened, indicating strong upward buying interest. Volume Impulse Down: Displays a “VI” label above the candle when the volume meets or exceeds the specified threshold, and the price closes lower than it opened, signaling strong selling pressure. Indicator uses the SMA50 and SMA200 to determine trend direction due to their popularity in technical analysis as indicators of medium- and long-term trends. The SMA50 reflects the average price over the past 50 periods, providing insight into intermediate trends, while the SMA200 is often used to identify the broader trend direction. These SMAs help traders quickly assess whether the market is in an uptrend, downtrend, or consolidation phase, enhancing decision-making for both short-term and long-term strategies. 🔶 Disclaimer Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals. Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator. Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies. Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses. No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Pine Script® indicator
by UAlgo
1
Bias TF TableThis indicator is a technical analysis tool designed to evaluate the price trend of an asset across multiple time frames (5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, daily, and weekly). Main Functions: Directional Bias: Displays whether the trend is bullish (Up) or bearish (Down) for each time frame, using the closing price in comparison to a 50-period exponential moving average (EMA). Table Visualization: Presents the results in a table located in the bottom right corner of the chart, making it easy to read and compare trends across different time intervals. This indicator provides a quick and effective way to assess market direction and make informed trading decisions based on the trend in various time frames.
Pine Script® indicator
by Martyn8
3
Bias Finder [UAlgo]The "Bias Finder " indicator is a tool designed to help traders identify market bias and trends effectively. This indicator leverages smoothed Heikin Ashi candles and oscillators to provide a clear visual representation of market trends and potential reversals. By utilizing higher timeframes and smoothing techniques, the indicator aims to filter out market noise and offer a more reliable signal for trading decisions. 🔶 Key Features Heikin Ashi Candles: The indicator uses Heikin Ashi candles, a special type of candlestick that incorporates information from the previous candle to potentially provide smoother visuals and highlight potential trend direction. Oscillator: The indicator calculates an oscillator based on the difference between the smoothed opening and closing prices of a higher timeframe. This oscillator helps visualize the strength of the bias. Light Teal: Strong bullish trend. Dark Teal: Weakening bullish trend. Light Red: Strong bearish trend. Dark Red: Weakening bearish trend. Standard Deviation: The indicator can optionally display upper and lower standard deviation bands based on the Heikin Ashi high and low prices. These bands can help identify potential breakout areas. Oscillator Period: Adjust the sensitivity of the oscillator. Higher Timeframe: Select a timeframe for the Heikin Ashi candles and oscillator calculations (must be equal to or greater than the chart's timeframe). Display Options: Choose whether to display Heikin Ashi candles, market bias fill, standard deviation bands, and HA candle colors based on the bias. Alerts: Enable/disable specific alerts and customize their messages. 🔶 Disclaimer Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals. Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator. Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies. Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses. No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Pine Script® indicator
by UAlgo
RSI Trail [UAlgo]The RSI Trail indicator is a technical analysis tool designed to assist traders in making informed decisions by utilizing the Relative Strength Index (RSI) and various moving average calculations. This indicator dynamically plots support and resistance levels based on RSI values, providing visual cues for potential bullish and bearish signals. The inclusion of a trailing stop mechanism allows traders to adapt to market volatility, ensuring optimal entry and exit points. 🔶 Key Features Multiple Moving Average Types: Choose from Simple Moving Average (SMA), Exponential Moving Average (EMA), Weighted Moving Average (WMA), Running Moving Average (RMA), and McGinley Dynamic for diverse analytical approaches. Configurable RSI Bounds: Tailor the RSI lower and upper bounds to your specific trading preferences, with default settings at 40 and 60. Signals: The indicator determines bullish and bearish market states and plots corresponding signals on the chart. Customizable Visualization: Options to display the midline and color candles based on market state enhance visual analysis. Alerts: Integrated alert conditions notify you of bullish and bearish signals. 🔶 Calculations The RSI Trail indicator calculates dynamic support and resistance levels using a combination of moving averages and the Relative Strength Index (RSI). It starts by computing a chosen moving average (SMA, EMA, WMA, RMA, or McGinley) over a period of 27 using the typical price (ohlc4). The indicator then defines upper and lower bounds based on customizable RSI levels (default 40 and 60) and adjusts these bounds using the Average True Range (ATR) to account for market volatility. The upper bound is calculated by adding a volatility-adjusted value to the moving average, while the lower bound is found by subtracting this value. Bullish signals occur when the price crosses above the upper bound, and bearish signals when it falls below the lower bound. The RSI Trail indicator also can be used to identify pullback opportunities. When the price high/low crosses above/below the calculated upper/lower bound, it indicates a potential pullback, suggesting a favorable point to enter a trade during a pullback. 🔶 Disclaimer This indicator is for informational purposes only and should not be considered financial advice. Always conduct your own research and due diligence before making any trading decisions. Past performance is not necessarily indicative of future results.
Pine Script® indicator
by UAlgo
26
TTrades Daily Bias [TFO]Inspired by @TTrades_edu video on daily bias, this indicator aims to develop a higher timeframe bias and collect data on its success rate. While a handful of concepts were introduced in said video, this indicator focuses on one specific method that utilizes previous highs and lows. The following description will outline how the indicator works using the daily timeframe as an example, but the weekly timeframe is also an included option that functions in the exact same manner. On the daily timeframe, there are a handful of possible scenarios that we consider: if price closes above its previous day high (PDH), the following day's bias will target PDH; if price trades above its PDH but closes back below it, the following day's bias will target its previous day low (PDL). Similarly, if price closes below its PDL, the following day's bias will target PDL. If price trades below its PDL but closes back above it, the following day's bias will target PDH. If price trades as an inside bar that doesn't take either PDH or PDL, it will refer to the previous candle for bias. If the previous day closed above its open, it will target PDH and vice versa. If price trades as an outside bar that takes both PDH and PDL, but closes inside that range, no bias is assigned. With a rigid framework in place, we can apply it to the charts and observe the results. As shown above, each new day starts by drawing out the PDH and PDL levels. They start out as blue and turn red once traded through (these are the default colors which can be changed in the indicator's settings). The triangles you see are plotted to indicate the time at which PDH or PDL was traded through. This color scheme is also applied to the table in the top right; once a bias is determined, that cell's color starts out as blue and turns red once the level is traded through. The table indicates the success rate of price hitting the levels provided by each period's bias, followed by the success rate of price closing through said levels after reaching them, as well as the sample size of data collected for each scenario. In the above crude oil futures (CL1!) 30m chart, we can glean a lot of information from the table in the top right. First we may note that the "PDH" cell is red, which indicates that the current day's bias was targeting PDH and it has already traded through that level. We might also note that the "PWH" cell is blue, which indicates that the weekly bias is targeting the previous week high (PWH) but price has yet to reach that level. As an example of how to read the table's data, we can look at the "PDH" row of the crude oil chart above. The sample size here indicates that there were 279 instances where the daily bias was assigned as PDH. From this sample size, 76.7% of instances did go on to trade through PDH, and only 53.7% of those instances actually went on to close through PDH after hitting that level. Of course, greater sample sizes and therefore greater statistical significance may be derived from higher timeframe charts that may go further back in time. The amount of data you can observe may also depend on your TradingView plan. If we don't want to see the labels describing why bias is assigned a certain way, we can simply turn off the "Show Bias Reasoning" option. Additionally, if we want to see a visual of what the daily and weekly bias currently is, we can plot that along the top and bottom of the chart, as shown above. Here I have daily bias plotted at the top and weekly bias at the bottom, where the default colors of green and red indicate that the bias logic is expecting price to draw towards the given timeframe's previous high or low, respectively. For a compact table view that doesn't take up much chart space, simply deselect the "Show Statistics" option. This will only show the color-coded bias column for a quick view of what levels are being anticipated (more user-friendly for mobile and other smaller screens). Alerts can be configured to indicate the bias for a new period, and/or when price hits its previous highs and lows. Simply enable the alerts you want from the indicator's settings and create a new alert with this indicator as the condition. There will be options to use "Any alert() function call" which will alert whatever is selected from the settings, or you can use more specific alerts for bullish/bearish bias, whether price hit PDH/PDL, etc. Lastly, while the goal of this indicator was to evaluate the effectiveness of a very specific bias strategy, please understand that past performance does not guarantee future results.
Pine Script® indicator
by tradeforopp
52
Unbiased Replay CompanionWhen using bar replay mode on TradingView, you have to scroll your way back through clearly visible price history, which always leaves you with unwanted lookahead bias because you unfortunately see all future price movements before they are hidden by the use of the scissors tool. This indicator provides a simple way to hide all the price action and displays a configurable bar counter instead, allowing you to scroll back to every moment in history without seeing any of the prices' movements. The bar counter hereby serves as a visual aid to guide you back to the very first available bar on the chart. You can configure the color of the overlay to match your charts' background as well as the style of the bar counter and the distance at which the counter is being displayed. The indicator crops the vertical price scale by a random amount (only when it is being displayed) to also prevent you from having any unwanted bias based on the current price range. Whenever you're done scrolling and have used the replay scissors tool to start your session just hide the indicator and bring it up again when you need to scroll. That's all there is to it. Important: After you apply the indicator to your charts, make sure it is displayed in front of everything else. You can configure this by clicking on the three dots that are displayed on the right side of the indicator name on hover and choose "Visual order > Bring to front" from the popup menu that appears. Enjoy your unbiased backtesting sessions!
Pine Script® indicator
by Liquinaut
4
Directional Bias [AlgoAlpha]The Directional Bias indicator is a premium script expertly crafted to enhance market trend visualization on trading charts. This sophisticated tool is designed to intuitively indicate the market's directional bias, aiding traders in making informed decisions on lower time frames. Highlighted Features: Intuitive Trend Visualization: The script employs a color-coded system for candles, simplifying the process of trend identification Customizable Aesthetics: Users have the option to personalize the visual elements, including candle colors, to suit their preferences and enhance chart readability. Advanced Logic: The script is built on a proprietary algorithm that analyzes candlestick patterns to determine the current trend direction. Key Benefits: Enhanced Decision Making: By offering a clear depiction of the market's directional bias, the indicator assists traders in making more informed entry and exit decisions, particularly suited for quick decision-making on lower timeframes. Adaptability to Market Conditions: The script dynamically adjusts to changing market conditions, providing relevant and timely indications of trend changes or continuations. Versatile Application: Suitable for various trading styles, the indicator can be effectively used in day trading, scalping, or even in longer-term trading strategies, depending on the timeframe selected. Summary: The "Directional Bias" indicator stands out as a vital tool for traders focusing on lower timeframes, offering an intuitive, customizable, and dynamic approach to trend visualization. Its advanced proprietary logic and user-friendly interface make it a valuable asset in a trader's toolkit, enhancing the ability to quickly interpret and react to market movements.
Pine Script® indicator
by AlgoAlpha
4
Dynamic Trend Hunter [Quantigenics]The "Dynamic Trend Hunter” script focuses on trend identification, dynamic entry and exit signals, and effective risk management. While a standalone trading script designed for versatile application across all markets, it can also be complemented by other indicators for enhanced analysis. Core Features: Dynamic Trend Indicator: Central to the script, this indicator discerns market trend direction using a color-coded system. Blue indicates an uptrend, red a downtrend, and a flat line signifies a sideways market. Buy and Sell Signals: Provides clear, on-chart buy and sell signals to assist in identifying optimal entry points in alignment with the trend. Profit Target Exits: A key feature designed to help traders lock in profits at strategic points. This feature uses a sophisticated mechanism (outlined in more detail below) to identify potential exit points, signaling the trader to close a position and secure gains before a potential market reversal. Dynamic Stop Loss Levels: Essential for risk management, these levels adjust automatically, providing a mechanism for trailing stop losses and safeguarding against adverse market movements. Technical Composition: Dynamic Trend Indicator: Calculation Method: Utilizes a blend of the highest and lowest prices over a specified length, averaged to create a trend line. This line is helpful in identifying the overall market trend. Color Coding: The trend line changes color based on its relation to price action. A blue line indicates an uptrend when prices are consistently above this average line, while a red line signifies a downtrend when prices stay below it. Signal-Based Trading: Trend Entry Signals: Generated when there's a shift in the color of the trend line, indicating a potential change in market direction. Pullback Entries: Identified when the closing price crosses the previous high (for long entries) or low (for short entries), while also considering the current trend line position. Dynamic Stop Loss Levels: Calculation: Stop loss levels are dynamically determined using the highest and lowest closing prices over the 'Length' period. These levels adjust with market movements, providing a trailing stop loss mechanism. Visualization: Depicted as colored dots on the chart, changing in response to the market's movement relative to the trend line. Oscillator for Dynamic Exits: Mechanism: The script employs an oscillator to identify potential exit points, signaled by yellow dots. This oscillator is based on the relative extremity of the current price action compared to recent price movements. Alerts: Dynamic exits trigger alerts when the oscillator reaches specified threshold levels, signaling potential market reversals or exhaustion points. Customization and Flexibility: Length Adjustment: The primary 'Length' input parameter allows traders to modify the sensitivity of the trend line and stop levels, catering to different trading styles and market conditions. Alert Customization: Traders can set alerts for trend line changes and dynamic exits, ensuring timely responses to market movements. Input Parameter Settings: Intra-Bar Order Generation (IntraBar): Enables real-time signal generation within the current bar or after its closure. Dynamic Exits (DynamicExits): Toggles the visibility of dynamic exit signals for profit-taking. Dynamic Trend Length: Defines the lookback period for calculating the trend line. This length, which is adjustable and set by default to 21, specifies the number of bars over which the highest and lowest prices are analyzed to determine the trend line. Dynamic Stop Loss Levels Length: This parameter defines the lookback period for calculating stop loss levels. It sets the number of bars used to determine the highest and lowest values for stop loss positioning. Adjusting this length allows traders to customize the sensitivity and placement of stop loss levels in accordance with their trading strategy and risk tolerance. This feature is crucial for tailoring stop loss settings to different market conditions and volatility levels, ensuring more effective risk management. Note: that initial stop loss levels, and tighter stop losses, can be set behind the Dynamic Trend Line itself. Show Trend/Pullback Entries: Controls the display of specific entry signals based on trend continuation or market pullbacks. Alert Settings: Options for setting alerts on trend line changes and dynamic exits, enhancing trade management. Customizable Colors: Allows personalization of stop level and trend line colors for better chart visualization. How to Trade with the Dynamic Trend Hunter: Trend Following: Enter trades in the direction of the trend indicated by the color-coded trend line. Pullback Entries: Look for pullback entry signals during established trends for additional entry points. Dynamic Exits: Use yellow dot signals and dynamic stop loss levels for determining exit points or to adjust stop losses. Risk Management: Employ the dynamic stop loss levels to manage risk effectively and protect against significant losses. Alerts and Notifications: Traders can set up alerts for trend line changes and dynamic exits, ensuring they are promptly informed about critical market movements and can react accordingly. Conclusion: The "Dynamic Trend Hunter " is a comprehensive and adaptable trading tool, suitable for various market conditions and trading styles. Its ability to provide clear trend indications, along with dynamic entry and exit signals, makes it an invaluable asset for traders aiming to enhance their market analysis and decision-making process. While it is a standalone system, it can be used in conjunction with other indicators to further refine trading strategies. While we believe this tool may enhances your trading strategy, we encourage thorough familiarization before live trading. Remember, trading involves risk, and past performance is not indicative of future results. You can see the “Author’s instructions" below to get immediate access to Dynamic Trend Hunter & the rest of the “Quantigenics Premium Indicator Suite”.
Pine Script® indicator
by Quantigenics
Bimmeresty's MACDImproved MACD with labels on histogram and color change feature on signal line. Labels on histogram help gauge how strong the change is rather than visually comparing heights. example: "histogram just put in its first rising candle, but its only rising by 0.01 therefore i should be suspicious of it and possibly wait for a second rising candle for further confirmation of reversal" Color change on signal slope is better for gauging the directional bias and spotting reversals. example: "slope is red, so negative, so i should prioritize shorts" example: "slope just turned green, so positive, so we might be reversing bias here"
Pine Script® indicator
by bimmeresty
*Predictive Volume + HTF [Free]*"Predictive Volume + HTF " is a predictor of real-time to near-future volume % change on the current chart and the next highest time frame. The script calculates the volume's % change (Pred Vol) between Current Volume vs. Previous Volume by predicting whether Pred Vol will be higher or lower at the end of the current bar using an "elapsed time" vs "volume so far" concept. This gives the benefit of the most up-to-date information without artificial low/high comparisons when a bar has just formed. For example, it would be common to see -100% in a lot of instances when a new bar is just forming which would be normal because volume at the start of a new candle will generally be lower than where it was when the last bar closed. Where this indicator shines is during this old to new bar formation and the volume that's carried over to the new bar. As a result, it will now be common to see Pred Vol values starting much higher because the calculation is dividing up the bar and analyzing fractions of it instead of the entire bar that would otherwise lead to these incorrect volume % change calculations. A few examples of Predictive Volume % Change: In addition, this indicator uses many advanced and dynamic features: ⚡ Matrices that create the table, allowing you to add and remove columns to customize the table to show only the information that's important to you ⚡ View 2 time frames at once - meaning every time you switch time frames, the table will auto-adjust to show the next highest time frame, or "HTF" ⚡ Header function that keeps you aware of the ticker, time frame and session that you're on at all times (can use in lieu of TV's watermark feature, or use together) ⚡ Timer that shows you when a bar will begin/end ⚡ Includes the following popular time frames: 1m, 3m, 5m, 10m, 15m, 30m, 1h, 2h, 4h, 8h, 1d, week, month ⚡ 3 "bias mode" choices that use Relative Volume (RVOL) from calculations between Current, Previous & Average Volume that provide a visual with varying degrees of color representing buying & selling momentum of your favorite asset. Traders generally have an innate bias when it comes to their trading methodology. Of course it can change quickly depending on current market structure. The script's author created separate modes to account for these biases. One way to utilize the indicator is to use 2 on your chart with 1 Bullish bias \"middle right\" and another Bearish bias \"lower right\" to see if volume pressure is skewed towards your particular bias by showing how many colored boxes there are on each table. ⏩ Standard - 🟢🔴 - displays green and red to depict volume momentum using same RVOL calculations as Bullish & Bearish modes ⏩ Bullish - 🐂🐂 - displays 5 colors to represent the levels of intensity of the Buy/Sell/RVOL data (light blue, green, yellow, light orange, dark orange) ⏩ Bearish - 🐻🐻 - displays 5 colors to represent the levels of intensity of the Buy/Sell/RVOL data (light red to dark purple) Ex. of all 3 bias modes during a burst of bullish volume momentum: Ex. of all 3 bias modes during a burst of bearish volume momentum: ⚡ 2 alert types: 1 bullish & 1 bearish with 2 levels for each ⏩ The PREDEFINED ALERTS consist of 2 Bullish & Bearish levels with Lvl 1 designed to be less sensitive than Lvl 2 ⏩ Configurable for every time frame, "On Close" or "Each Bar". On Close could be a better choice on lower time frames so that you're not getting a bunch of triggers over a short duration & Each Bar could be a better option for higher time frames so that you don't miss a move mid bar for instance ⏩ Creating a PREDEFINED BULLISH/BEARISH ALERT saves a snapshot of the alert's settings. You can then change the settings and create another alert. In this way, you can create multiple unique alerts ⏩ Create one alert for any alert type (bull and/or bear), for every time frame all at once, or you can create multiple & separate alerts, giving each one a unique name with the time frame that it's for: ex. BTC - Bullish Vol Lvl1 (1m) In this example, you'll see what causes the alerts to trigger as well as how to create them and how they'll look when they do fire. //////////////////////////////// It is with a sense of gratitude, appreciation and indebtedness to the coder of this script ©SimpleCryptoLife that I'm able to present this indicator to you after months of hard work. We hope that you find it invaluable during your own trading journey! Should you have any questions, feedback or critiques please do not hesitate to leave a comment.
Pine Script® indicator
by MYNAMEISBRANDON
3
daily bias @ttrades x joshuuuDaily bias is one of the most powerful tools when it comes to intraday trading. Ttrades published a youtube video, in which he showcases his mechanical way of determing the daily bias based on ICTs and the MMXM Traders Teachings. This indicator is based on those concepts. The rules for this indicator are simple. scenario 1 - first line of table Close above previous days high gives a bullish bias. Close below previous days low gives a bearish bias. scenario 2 - second line of the table Wick below previous days low and close within previous days body or above gives a bullish bias. Wick above previous days high and close within previous days body or below gives a bearish bias. "Bullish" bias is valid until previous daily high (pdh) is reached. "Bearish" bias is valid until previous daily low (pdl) is reached. If none of the above mentioned conditions is met OR the target (pdh/pdl) is reached, the bias is set to "Neutral". On the daily timeframe, probabilities are visible on the table to reach pdh when the bias is "Bullish" or to reach pdl when the bias is "Bearish". If the bias is bullish, the ideal buy would be below ny midnights opening price. If the bias is bearish, the ideal sell would be above the ny midnights opening price.
Pine Script® indicator
by joshuuu
20
ICT Daily Bias Finder [DTCC]What is This? The ICT Daily Bias Finder uses a method called "DTCC" to identify the London and New York session's bias, bullish or bearish. This indicator should only be relied on for 5 minute, and not other timeframes. How do I use it? Look at the previous days two boxes (labeled DTCC Bear/DTCC Bull), if both are bullish or both are bearish it is NOT recommended to rely on DTCC for that day. If the first one is bullish and second one is bearish, the DTCC for the next day says that London session will turn ABOVE midnight opening price, while New York will turn UNDER midnight opening price (longs in London, shorts in New York). If the second one is bearish and the first is bullish, the DTCC for the next day says that London session will turn UNDER midnight opening price, while New York will turn ABOVE midnight opening price (shorts in London, longs in New York) Emoji guide to DTCC indicator: 🟢🟢: Don't trust DTCC for that day 🔴🔴: Don't trust DTCC for that day 🟢🔴: Longs in London above Midnight Opening Price, Shorts in New York under Midnight Opening Price 🔴🟢: Shorts in London under Midnight Opening Price, Longs in New York under Midnight Opening Price Reminder: NEVER rely solely on DTCC, DTCC can be wrong and is not right 100% of times.
Pine Script® indicator
by J_asper
26