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Candlestick analysis

Smart Money Template📈 Smart Money Concepts – BOS / CHoCH / Order Blocks / OTE / FVG Version: 1.0 Framework: Pine Script v5 Category: Smart Money / Price Action / Institutional Concepts 🧠 Indicator Overview This indicator is a complete Smart Money Concepts (SMC) toolkit, built to help traders identify institutional activity and market structure shifts using key SMC principles: • BOS (Break of Structure) • CHoCH (Change of Character) • Order Blocks (OB) • OTE Zones (Optimal Trade Entry) • FVGs (Fair Value Gaps / Imbalances) This tool provides visual clarity and high-probability trade zones by automating what professional traders do manually. ⸻ 🔍 Core Features ✅ BOS & CHoCH Detection Automatically detects market structure breaks using HH/LL logic. BOS is highlighted when price breaks significant swing highs/lows. ✅ Order Block Zones Draws boxes around the last bullish/bearish candle before a displacement (impulse move), showing potential institutional OB zones. ✅ OTE Zone Mapping Calculates the Optimal Trade Entry zone between 0.705–0.79 of a price leg using Fibonacci logic. A powerful confluence area when combined with OBs. ✅ Fair Value Gap (FVG) Detects imbalances between candles that often act as magnets for price. Visualizes price inefficiencies for future retests. ✅ Custom Inputs You can toggle any feature on/off for cleaner analysis: BOS/CHoCH, OBs, OTE, and FVGs. ⸻ ⚙️ How It Works 1. Structure Recognition: • The script checks for Higher Highs / Lower Lows to determine trend context. • A BOS/CHoCH label appears when structure shifts. 2. Order Blocks: • A bullish OB is detected when the previous candle is bearish and the current one closes above its high. • A bearish OB is vice versa. 3. OTE Levels: • Based on daily range from high to low. • Highlights 0.705–0.79 as a potential retracement entry zone (optimal sniper entry). 4. FVG Detection: • If there is a gap between candle 3 and candle 1 (current candle), it is marked as an imbalance zone. 🎯 Best Use Cases • Entry confirmations using CHoCH + OB + OTE confluence • Liquidity grabs + FVG retest setups • Institutional trend reversals (AMD cycles) • Smart retracement entries using OTE zones ⸻ 💡 Tips for Traders • Works best on 15m, 1H, 4H, or Daily charts • Combine with liquidity sweep logic, volume profile, or your own strategy for sniper precision • Backtest using BOS + OB + FVG + OTE for high-RR setups ⸻ 🛠️ Upcoming Features (Optional) • Risk:Reward Ratio Tool • Stop Hunt Detection (SSL/BSL) • Volume + Sponsored Candle Filter • Alerts for BOS / OB reaction • SFP Pattern recognition ⸻ Disclaimer: This tool is for educational purposes only and should be used in conjunction with your own risk management and strategy. Not financial advice. ⸻
Pine Script® indicator
by David_Viano
Enhanced Range Filter Strategy with ATR TP/SLBuilt by Omotola ## **Enhanced Range Filter Strategy: A Comprehensive Overview** ### **1. Introduction** The **Enhanced Range Filter Strategy** is a powerful technical trading system designed to identify high-probability trading opportunities while filtering out market noise. It utilizes **range-based trend filtering**, **momentum confirmation**, and **volatility-based risk management** to generate precise entry and exit signals. This strategy is particularly useful for traders who aim to capitalize on trend-following setups while avoiding choppy, ranging market conditions. --- ### **2. Key Components of the Strategy** #### **A. Range Filter (Trend Determination)** - The **Range Filter** smooths price fluctuations and helps identify clear trends. - It calculates an **adjusted price range** based on a **sampling period** and a **multiplier**, ensuring a dynamic trend-following approach. - **Uptrends:** When the current price is above the range filter and the trend is strengthening. - **Downtrends:** When the price falls below the range filter and momentum confirms the move. #### **B. RSI (Relative Strength Index) as Momentum Confirmation** - RSI is used to **filter out weak trades** and prevent entries during overbought/oversold conditions. - **Buy Signals:** RSI is above a certain threshold (e.g., 50) in an uptrend. - **Sell Signals:** RSI is below a certain threshold (e.g., 50) in a downtrend. #### **C. ADX (Average Directional Index) for Trend Strength Confirmation** - ADX ensures that trades are only taken when the trend has **sufficient strength**. - Avoids trading in low-volatility, ranging markets. - **Threshold (e.g., 25):** Only trade when ADX is above this value, indicating a strong trend. #### **D. ATR (Average True Range) for Risk Management** - **Stop Loss (SL):** Placed **one ATR below** (for long trades) or **one ATR above** (for short trades). - **Take Profit (TP):** Set at a **3:1 reward-to-risk ratio**, using ATR to determine realistic price targets. - Ensures volatility-adjusted risk management. --- ### **3. Entry and Exit Conditions** #### **📈 Buy (Long) Entry Conditions:** 1. **Price is above the Range Filter** → Indicates an uptrend. 2. **Upward trend strength is positive** (confirmed via trend counter). 3. **RSI is above the buy threshold** (e.g., 50, to confirm momentum). 4. **ADX confirms trend strength** (e.g., above 25). 5. **Volatility is supportive** (using ATR analysis). #### **📉 Sell (Short) Entry Conditions:** 1. **Price is below the Range Filter** → Indicates a downtrend. 2. **Downward trend strength is positive** (confirmed via trend counter). 3. **RSI is below the sell threshold** (e.g., 50, to confirm momentum). 4. **ADX confirms trend strength** (e.g., above 25). 5. **Volatility is supportive** (using ATR analysis). #### **🚪 Exit Conditions:** - **Stop Loss (SL):** - **Long Trades:** 1 ATR below entry price. - **Short Trades:** 1 ATR above entry price. - **Take Profit (TP):** - Set at **3x the risk distance** to achieve a favorable risk-reward ratio. - **Ranging Market Exit:** - If ADX falls below the threshold, indicating a weakening trend. --- ### **4. Visualization & Alerts** - **Colored range filter line** changes based on trend direction. - **Buy and Sell signals** appear as labels on the chart. - **Stop Loss and Take Profit levels** are plotted as dashed lines. - **Gray background highlights ranging markets** where trading is avoided. - **Alerts trigger on Buy, Sell, and Ranging Market conditions** for automation. --- ### **5. Advantages of the Enhanced Range Filter Strategy** ✅ **Trend-Following with Noise Reduction** → Helps avoid false signals by filtering out weak trends. ✅ **Momentum Confirmation with RSI & ADX** → Ensures that only strong, valid trades are executed. ✅ **Volatility-Based Risk Management** → ATR ensures adaptive stop loss and take profit placements. ✅ **Works on Multiple Timeframes** → Effective for day trading, swing trading, and scalping. ✅ **Visually Intuitive** → Clearly displays trade signals, SL/TP levels, and trend conditions. --- ### **6. Who Should Use This Strategy?** ✔ **Trend Traders** who want to enter trades with momentum confirmation. ✔ **Swing Traders** looking for medium-term opportunities with a solid risk-reward ratio. ✔ **Scalpers** who need precise entries and exits to minimize false signals. ✔ **Algorithmic Traders** using alerts for automated execution. --- ### **7. Conclusion** The **Enhanced Range Filter Strategy** is a powerful trading tool that combines **trend-following techniques, momentum indicators, and risk management** into a structured, rule-based system. By leveraging **Range Filters, RSI, ADX, and ATR**, traders can improve trade accuracy, manage risk effectively, and filter out unfavorable market conditions. This strategy is **ideal for traders looking for a systematic, disciplined approach** to capturing trends while **avoiding market noise and false breakouts**. 🚀
Pine Script® strategy
by Forexbros22
1
GQT GPT - Volume-based Support & Resistance Zones V2搞钱兔，搞钱是为了更好的生活。 Title: GQT GPT - Volume-based Support & Resistance Zones V2 Overview: This strategy is implemented in PineScript v5 and is designed to identify key support and resistance zones based on volume-driven fractal analysis on a 1-hour timeframe. It computes fractal high points (for resistance) and fractal low points (for support) using volume moving averages and specific price action criteria. These zones are visually represented on the chart with customizable lines and zone fills. Trading Logic: • Entry: The strategy initiates a long position when the price crosses into the support zone (i.e., when the price drops into a predetermined support area). • Exit: The long position is closed when the price enters the resistance zone (i.e., when the price rises into a predetermined resistance area). • Time Frame: Trading signals are generated solely from the 1-hour chart. The strategy is only active within a specified start and end date. • Note: Only long trades are executed; short selling is not part of the strategy. Visualization and Parameters: • Support/Resistance Zones: The zones are drawn based on calculated fractal values, with options to extend the lines to the right for easier tracking. • Customization: Users can configure the appearance, such as line style (solid, dotted, dashed), line width, colors, and label positions. • Volume Filtering: A volume moving average threshold is used to confirm the fractal signals, enhancing the reliability of the support and resistance levels. • Alerts: The strategy includes alert conditions for when the price enters the support or resistance zones, allowing for timely notifications. ⸻ 搞钱兔，搞钱是为了更好的生活。 标题： GQT GPT - 基于成交量的支撑与阻力区间 V2 概述： 本策略使用 PineScript v5 实现，旨在基于成交量驱动的分形分析，在1小时级别的图表上识别关键支撑与阻力区间。策略通过成交量移动平均线和特定的价格行为标准计算分形高点（阻力）和分形低点（支撑），并以自定义的线条和区间填充形式直观地显示在图表上。 交易逻辑： • 进场条件： 当价格进入支撑区间（即价格跌入预设支撑区域）时，策略在没有持仓的情况下发出做多信号。 • 离场条件： 当价格进入阻力区间（即价格上升至预设阻力区域）时，持有多头头寸则会被平仓。 • 时间范围： 策略的信号仅基于1小时级别的图表，并且仅在指定的开始日期与结束日期之间生效。 • 备注： 本策略仅执行多头交易，不进行空头操作。 可视化与参数设置： • 支撑/阻力区间： 根据计算得出的分形值绘制支撑与阻力线，可选择将线条延伸至右侧，便于后续观察。 • 自定义选项： 用户可以调整线条样式（实线、点线、虚线）、线宽、颜色及标签位置，以满足个性化需求。 • 成交量过滤： 策略使用成交量移动平均阈值来确认分形信号，提高支撑和阻力区间的有效性。 • 警报功能： 当价格进入支撑或阻力区间时，策略会触发警报条件，方便用户及时关注市场变化。 ⸻
Pine Script® strategy
by Tuzi_GQT
Body Percentage of Range (Colored)Short Description: This indicator measures the dominance of the candle's body relative to its total range (High - Low), providing a visual gauge of intra-candle strength versus indecision. Columns are colored based on whether the body constitutes more or less than a defined percentage (default 50%) of the candle's total height. Detailed Description: What it Does: The "Body Percentage of Range" indicator calculates, for each candle, what percentage of the total price range (High minus Low) is occupied by the candle's body (absolute difference between Open and Close). A value of 100% means the candle has no wicks (a Marubozu), indicating strong conviction during that period. A value of 0% means the candle has no body (a Doji), indicating perfect indecision. Values in between show the relative balance between the directional move (body) and the price exploration/rejection (wicks). How to Interpret: The indicator plots this percentage as columns: Column Height: Represents the percentage of the body relative to the total range. Higher columns indicate a larger body dominance. Column Color: Green Columns: Appear when the body percentage is above the user-defined threshold (default 50%). This suggests that the directional move within the candle was stronger than the indecision (wicks). Often seen during trending moves or strong momentum candles. Red Columns: Appear when the body percentage is at or below the user-defined threshold (default 50%). This suggests that wicks dominate the candle (body is 50% or less of the range), indicating significant indecision, struggle between buyers and sellers, or potential reversals. These are common in choppy, consolidating, or reversal market conditions. Orange Line (Optional MA): A Simple Moving Average (SMA) of the body percentages is plotted to help smooth the readings and identify broader periods where candle structure indicates more trending (high MA) vs. ranging/indecisive (low MA) characteristics. Potential Use Cases: Identifying Choppy vs. Trending Markets: Sustained periods of low, predominantly red columns (and often a low/declining MA) can signal a choppy, range-bound market where trend-following strategies might underperform. Conversely, periods with frequent high, green columns suggest a more trending environment. Confirming Breakouts/Momentum: High green columns appearing alongside increased volume during a breakout can add conviction to the move's strength. Spotting Potential Exhaustion/Reversals: A very tall green column after a strong trend, followed immediately by a low red column (like a Doji or Spinning Top pattern appearing on the price chart), might signal potential exhaustion or a pending reversal, indicating indecision has suddenly entered the market. Filtering Entries: Traders might avoid taking entries (especially trend-following ones) when the indicator shows a consistent pattern of low red columns, suggesting high market indecision. Settings: Color Threshold %: Allows you to set the percentage level above which columns turn green (default is 50%). Smoothing MA Length: Adjusts the lookback period for the Simple Moving Average. Disclaimer: This indicator is a tool for technical analysis and should be used in conjunction with other methods (like price action, volume analysis, other indicators) and robust risk management. It does not provide direct buy/sell signals and past performance is not indicative of future results.
Pine Script® indicator
by phillipe_batalha
Order Block Candle [TradeWithRon]Order Block Candle This indicator is designed to help traders identify and visualize key movements within the market. These order blocks are areas where significant buying or selling has occurred, often leading to a strong price reaction. This script detects both bullish and bearish order blocks (with volume spike), marking them directly on your chart, and offers a variety of customization options to enhance your trading experience. Features: Bullish and Bearish Candles: Bullish Order Block: Identified when the current price creates a higher high and closes above the previous price, indicating a zone of potential buying activity by institutional traders. Bearish Order Block: Identified when the current price creates a lower low and closes below the previous price, suggesting strong institutional selling. Volume-Weighted Analysis: The indicator allows traders to incorporate volume into the order block detection. When a volume pivot (a significant change in volume) is detected, it strengthens the validity of the identified order block. Customizable Visuals: - Users can adjust the color and style of order block lines, including solid, dashed, or dotted styles, to suit personal preferences. - Bullish Order Block Color: Choose from a range of colors to highlight bullish order blocks (default is green). - Bearish Order Block Color: Choose a color for bearish order blocks (default is red). - Users can also customize the color and style of the lines representing order blocks, helping traders visually track key levels. Candle Body or. Wick: The indicator provides flexibility in defining the price range of the order block. Traders can choose whether to calculate the order block using the candle body (open and close) or the full wick (high and low) to suit their trading strategy. Dynamic Line Extensions: Order block lines are dynamically extended to provide ongoing support and resistance levels. When a price breaks an order block line, the line changes to a dotted style, marking it as "broken." This allows traders to easily spot when the market invalidates an order block. Alerts: - Alert for Bullish Order Block: Get notified when a new bullish order block is detected. - Alert for Bearish Order Block: Receive alerts when a bearish order block is identified. - Alert for Broken Lines: Set up alerts to be notified when a bullish or bearish order block line is broken, giving traders a signal for potential market shifts. Zone Management: - The indicator tracks upper and lower zone information, marking significant price levels where institutional buying or selling might occur. Traders can adjust settings to define how many previous lines should be displayed on the chart for reference. Optional Mitigated Order Blocks: - A feature that highlights mitigated (neutralized) order blocks with a specific color and line style, offering additional insight into market behavior. Input Settings: - Length: The number of bars to the left and right of a pivot point for it to be considered a high or low. - Candle Body: Option to use the candle body for calculations (as opposed to the wick). - Bullish and Bearish Candle Color: Customizable colors for bullish and bearish order blocks. - Open Line Style: Choose between solid, dashed, or dotted line styles for order block visualization. - Removed Old Lines: Control the number of broken lines shown on the chart. - Mitigated Line Style: Select line style for mitigated order blocks. - Volume Use: Enable volume-based detection for stronger order block validation. How to Use: This indicator is ideal for traders looking to trade around institutional support and resistance levels. The bullish and bearish order blocks can serve as key entry or exit points, while broken lines offer dynamic support/resistance that adapt to market changes. Use the alerts to stay informed of critical market developments and adjust your trading strategy accordingly. 🔶 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 (Tradewithron) 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
Pine Script® indicator
by yeahronc
Rubotics TDI Top/Bottom Indicator**Rubotics TDI Top/Bottom Indicator (Rubots TDI T/B)** This proprietary indicator integrates several technical analysis tools into one cohesive system to help traders identify potential top and bottom signals directly on the price chart. Unlike standard indicators that merely plot common metrics, this script uniquely fuses a custom moving average algorithm with established oscillators to enhance signal clarity and market timing. **Core Components and Unique Features:** - **Global Visual Settings:** - Easily toggle visual elements (tables, background highlights) that display key metrics and trading setup information. - Provides a detailed on-chart display of strategy data and essential trading parameters. - **MAVW Calculation (Proprietary):** - Computes a series of weighted moving averages using Fibonacci-inspired lengths (3, 5, 8, 13, 21, 34) to generate a dynamic moving average (MAVW). - The MAVW line is color-coded—blue when trending upward, red when trending downward, and yellow when neutral—to offer an immediate visual cue of market direction. - **RSI Module:** - Calculates the RSI on a user-selected price source (default: close) with a customizable period (default: 14). - Adjustable thresholds (default: 45 and 55) allow for fine-tuning of overbought and oversold conditions. - **TDI Component:** - Adapts the RSI into a dynamic channel using a simple moving average and a scaled standard deviation (multiplied by 1.6185) to form upper and lower bands. - Incorporates both fast and slow moving averages (default periods: 2 and 7) with optional band filling to visually highlight momentum changes. - **Note:** The TDI logic is based on public methodologies for converting RSI data into a dynamic indicator. - **WaveTrend Oscillator:** - Uses configurable channel and smoothing parameters to generate a WaveTrend line for additional momentum confirmation. - The oscillator is used to further validate top and bottom signals by identifying overbought or oversold conditions. - **Note:** The WaveTrend calculations are derived from widely available, public-domain techniques. - **Signal Generation:** - **Buy Signal:** Generated when the RSI is below its lower threshold, the TDI fast MA crosses above the lower band (with prior bar confirmation), the price is below the MAVW, and the WaveTrend indicates oversold conditions. - **Sell Signal:** Generated when the RSI is above its upper threshold, the TDI fast MA crosses below the upper band (with prior bar confirmation), the price is above the MAVW, and the WaveTrend signals overbought conditions. - Signals are visually marked on the chart with upward and downward triangles and accompanied by alert conditions. - **Volume-Based Bar Coloring & Additional Visuals:** - Colors price bars based on volume relative to a moving average to highlight the strength of moves. - Provides background color changes and a dynamic table of key metric values (MAVW, RSI, TDI bands, WaveTrend) for real-time analysis. **Customization and Originality:** - Extensive input parameters allow traders to adjust each component to suit their trading style and market conditions. - The unique combination of the proprietary MAVW calculation with traditional RSI, TDI, and WaveTrend elements creates a robust system for detecting market tops and bottoms. - **Closed-Source Justification:** This indicator is published as a closed-source script due to the proprietary enhancements integrated into the MAVW algorithm and signal generation logic. These unique modifications provide added value beyond standard public indicators.
Pine Script® indicator
by Rubotics
Currency Strength AnalyzerThis indicator calculates and ranks the strength of eight major currencies (AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD) based on a stochastic-based scoring system. It retrieves forex pair data and determines each currency's relative strength using a customized scoring method. Features: Uses stochastic (Stoch) indicators to calculate bullish/bearish strength. Aggregates scores for each currency based on multiple forex pairs. Sorts currencies from strongest to weakest. Displays results in a dynamically updated table. Highlights the strongest and weakest currencies on the chart. This tool helps traders identify potential trends and reversals in the forex market by visually comparing currency strengths in real-time.
Pine Script® indicator
by totohero
Box Chart Overlay StrategyExploring the Box Chart Overlay Strategy with RSI & Bollinger Confirmation The “Box Chart Overlay Strategy by BD” is a sophisticated TradingView strategy script written in Pine Script (version 5). It combines a box charting method with two widely used technical indicators—Relative Strength Index (RSI) and Bollinger Bands—to generate trade entries. In this article, we break down the strategy’s components, its logic, and how it visually represents trading signals on the chart. 1. Strategy Setup and User Inputs Strategy Declaration At the top of the script, the strategy is declared with key parameters: Overlay: The indicator is plotted directly on the price chart. Initial Capital & Position Sizing: It uses a simulated trading account with an initial capital of 10,000 and positions sized as a percentage of equity (10% by default). Commission: A commission of 0.1% is factored into trades. Input Parameters The strategy is highly customizable. Users can adjust various inputs such as: Box Settings: Box Size (RSboxSize): Defines the size of each price “box.” Box Options: Choose from three modes: Standard: Boxes are calculated continuously from the start of the chart. Anchored: The first box is fixed at a specified time and price. Daily Reset: The boxes reset each day based on a defined session time. Color Customizations: Options to customize the appearance of boxes, borders, labels, and even repainting the candles based on the current price’s relation to box levels. RSI Settings: Length, overbought, and oversold levels are set to filter trades. Bollinger Bands Settings: Users can set the length of the moving average and the multiplier for standard deviation, which will be used to compute the upper and lower bands. 2. The Box Chart Mechanism Box Construction The core idea of a box chart is to group price movement into discrete blocks—or boxes—of a fixed size. In this strategy: Standard Mode: The script calculates boxes starting at a rounded price level. When the price moves sufficiently above or below the current box’s boundaries, a new box is drawn. Anchored and Daily Reset Modes: These modes allow traders to control where the box calculations begin or to reset them during a specific intraday session. Visual Elements Several custom functions handle the visual components: drawBoxUp() and drawBoxDn(): These functions create boxes in bullish or bearish directions respectively, based on whether the price has exceeded the current box’s high or low. drawLines() and drawLabels(): Lines are drawn to extend the current box levels, and labels are updated to display key levels or the “remainder” (the difference needed to trigger a new box). Projected Boxes: A “projected” box is drawn to indicate potential upcoming box levels, providing an additional visual cue about the price action. 3. Integrating RSI and Bollinger Bands for Trade Confirmation RSI Integration The strategy computes the RSI using a user-defined length. It then uses the following conditions to validate entries: Long Trades (Box Up): The strategy waits for the RSI to be at or below the oversold level before considering a long entry. Short Trades (Box Down): It requires the RSI to be at or above the overbought level before triggering a short entry. Bollinger Bands Confirmation In addition to the RSI filter: For Long Entries: The price must be at or below the lower Bollinger Band. For Short Entries: The price must be at or above the upper Bollinger Band. By combining these filters with the box breakout logic, the strategy aims to enhance the quality of its trade signals. 4. Dynamic Trade Entries and Alerts Box Logic and Entry Functions Two key functions—BoxUpFunc() and BoxDownFunc()—handle the creation of new boxes and also check if trade conditions are met: When a new box is drawn, the script evaluates if the RSI and Bollinger conditions align. If conditions are satisfied, the script places an entry order: Long Entry: Initiated when the price moves upward, RSI indicates oversold, and the price touches or falls below the lower Bollinger Band. Short Entry: Triggered when the price falls downward, RSI signals overbought, and the price touches or exceeds the upper Bollinger Band. Alerts Built-in alert functions notify traders when a new box level is reached. Users can set custom alert messages to ensure they are aware of potential trade opportunities as soon as the conditions are met. 5. Visual Enhancements and Candle Repainting The script also includes options for repainting candles based on their relation to the current box’s boundaries: Above, Below, or Within the Box: Candles are color-coded using user-defined colors, making it easier to visually assess where the price is in relation to the box levels. Labels and Lines: These continuously update to reflect current levels and provide an immediate visual reference for potential breakout points. Conclusion The Box Chart Overlay Strategy by BD is a multi-faceted approach that marries the traditional box chart technique with modern technical indicators—RSI and Bollinger Bands—to refine entry signals. By offering various customization options for box creation, visual styling, and confirmation criteria, the strategy allows traders to adapt it to different market conditions and personal trading styles. Whether you prefer a continuously running “Standard” mode or a more controlled “Anchored” or “Daily Reset” approach, this strategy provides a robust framework for integrating price action with momentum and volatility measures.
Pine Script® strategy
by PineWiseTrading
yatofxDescription: "Ramon Coto's 3 Session Bar Color" Indicator This TradingView Pine Script indicator colors candlestick bars based on three custom trading sessions. It allows traders to visually distinguish different market timeframes on their charts. Features: Three configurable trading sessions with user-defined time ranges. Customizable session colors: Session A → Blue Session B → Red Session C → Lime Enable/disable sessions independently using input toggles. Automatic session detection: Bars are colored based on the active session. Optimized for TradingView Mobile & Desktop with clear and efficient logic. How It Works: 1. User Inputs: The script takes session time ranges and enables/disables each session. 2. Session Detection: The script checks whether the current time falls within any of the defined sessions. 3. Bar Coloring: If a session is active, the corresponding color is applied to the bars. This indicator helps traders quickly recognize which market session they are in, improving decision-making for session-based strategies.
Pine Script® indicator
by BWFX22
Breaking Structures (javieresfeliz)This TradingView script is designed to identify market structure changes, using a break of highs and lows approach, as well as technical indicators such as ATR, RSI, and EMAs (Exponential Moving Averages). It is aimed at detecting bullish and bearish trends, signaling possible entry and exit points based on various factors. It also offers additional confirmations to avoid false signals and provides a clear visualization of buy and sell signals. Main Features: Indicators Used: ATR (Average True Range): Used to calculate a volatility range, which helps set stop-loss levels and price targets based on the current market volatility. EMAs (50 and 200): Exponential Moving Averages (EMAs) are used to determine the short-term and long-term trends. The 50-period EMA is used to identify the short-term trend, while the 200-period EMA is used to identify the long-term trend. RSI (Relative Strength Index): Used to identify overbought or oversold conditions in the market, providing additional buy or sell signals. Volume: Used to confirm the validity of a signal. An increase in volume can confirm a structure break and provide more reliability to the signal. Break of Structure Detection (BOS): Bullish Break: Generated when the price surpasses previous highs. Bearish Break: Generated when the price falls below previous lows. Change of Character (CHOCH): Bullish Trend: Defined by a close above the open and above the 50 EMA. Bearish Trend: Defined by a close below the open and below the 50 EMA. Buy and Sell Conditions: Buy (Long): Activated when several conditions are met, including a bullish change of character, a bullish structure break, the price closing above the previous value plus a multiple of the ATR, and additional confirmations from RSI and volume. Sell (Short): Activated when several conditions are met, including a bearish change of character, a bearish structure break, the price closing below the previous value minus a multiple of the ATR, with additional confirmations from RSI and volume. Entry and Exit Signals: Long Entry (Buy): Executed when the buy conditions are met. Short Entry (Sell): Executed when the sell conditions are met. Position Close: Positions are closed when the price crosses below (for long positions) or above (for short positions) the 50 EMA. Historical Highs and Lows Lines: The script draws lines of historical highs and lows from the last 288 and 60 periods to show key support and resistance levels on the chart. Signal Table Across Multiple Timeframes: The script displays a table in the top-right corner of the chart with indicators like the EMA trend, RSI value, and MACD histogram for timeframes of 1 minute, 5 minutes, 30 minutes, 1 hour, 4 hours, daily, and weekly. Precautions: Does not guarantee profits: Although the script is designed to detect structure breaks and possible trend changes, it does not guarantee 100% profitable signals. The market is always subject to risk and unpredictable volatility. Requires adjustments for each asset: Parameters such as ATR length and EMA lengths should be adjusted according to the asset being analyzed and market conditions. Use of additional confirmations: To reduce false signals, the script uses additional confirmations like RSI and volume, but it is always recommended to perform additional analysis before making trading decisions. Changing trends: The change of character (CHOCH) can be a useful indicator, but it can give false signals in highly volatile markets or during prolonged consolidations. Relies on historical data: This script relies on historical data to identify highs and lows. It does not consider fundamental events that may significantly impact the market. Requires constant monitoring: Although the signals are automated, it is important to monitor open positions and make adjustments if market conditions change. Risk of false signals: In low liquidity markets or consolidations, structure breaks can be false, so it’s recommended to pay attention to any additional confirmation signals or use a proper risk management strategy.
Pine Script® indicator
by Javieresfeliz
MarketLuminaMarketLumina: A Comprehensive Technical Analysis Tool MarketLumina is a technical analysis indicator crafted by a team of traders and developers in Germany. Built for TradingView’s Pine Script, it integrates trend visualization, signal generation, and real-time market insights to provide a multifaceted view of market conditions. This tool is designed to support traders in analyzing trends, spotting potential reversals, and evaluating market dynamics across various timeframes. The best way to get started with MarketLumina is to take your time exploring its wide range of features. Dive in, experiment, and find the 2-3 tools that feel just right for you. Whether you’re a day trader looking for quick signals, a swing trader tracking trends, or an investor watching the bigger picture, MarketLumina lets you pick and choose what works best. Over time, you’ll craft your own unique trading strategy, perfectly tailored to your goals, preferences, and risk tolerance. Key Features Fibonacci Trend-Cloud Displays market direction through Fibonacci-weighted moving averages. The cloud’s color—green (bullish), red (bearish), or yellow (caution)—reflects prevailing conditions, while its width indicates trend intensity. Advanced Signal System Generates signals derived from RSI, momentum, volume, money flow, volatility, price action, divergences, specific cloud-interactions, divergences and historical data. Signal categories include strong reversals, potential reversals, short-term tops/bottoms, strong trend, oversold/overbought conditions, exit signals, and money flow strategy triggers. LuminaPulse – Real-Time Market Insight A proprietary module that delivers real-time market analysis through a dashboard of six progress bars, each tailored to the symbol and timeframe using a machine learning approach. It screens historical data—key levels, consolidation zones, volatility spikes, and past price reactions—to optimize insights. Support & Resistance Zones Highlights critical price levels using volume-weighted historical data and price-action pivot points. Candlestick-Overlay Applies color coding to candlesticks—green (bullish), red (bearish), yellow (caution)—to emphasize signal-relevant bars. Usage Instructions MarketLumina is intended as a component of a broader analytical framework. Below are general guidelines for its application: Multi-Timeframe Analysis Align signals with trends on higher timeframes for context. LuminaPulse Interpretation Evaluate confluence across trend strength, momentum, money flow, and volume to assess market conditions. Additionally, monitor squeeze conditions for potential breakout signals and volatility to gauge market activity. Trend-Cloud Context Use the Fibonacci Trend-Cloud’s direction and width as a filter for signal relevance. Usage Instructions for MarketLumina’s Advanced Signal System The Advanced Signal System is a core component of MarketLumina, designed to empower traders by generating a variety of signals derived from RSI, momentum, volume, money flow, volatility, divergences, price action, and more. These signals are organized into distinct categories to help you identify key market conditions and uncover potential trading opportunities. Below is a comprehensive guide to each signal category, including descriptions, interpretations, and practical applications to enhance your trading decisions: Strong Reversals Reversal Signals are generated using a complex price action and volatility algorithm, pinpointing significant potential turning points in the market with elevated confidence. How to Use: Look for these signals near critical support or resistance levels, especially when supported by the Fibonacci Trend-Cloud or LuminaPulse metrics. Treat them as powerful reversal cues when they align with overarching market trends or follow prolonged price movements. Interpretation: A bullish Reversal signal flags a strong probability of an upward reversal, often in oversold conditions, suggesting a shift to bullish momentum. A bearish Reversal signal points to a likely downward reversal, typically in overbought scenarios, indicating bearish potential. Their reliability increases with confluence factors like divergences or a notable shift in money flow. Potential Reversals These signals flag possible trend continuation after a pullback based on price action, RSI thresholds and specific trend-cloud interaction, offering early insights with moderate certainty compared to strong reversals. How to Use: Use them as preliminary alerts for potential reversals of a pullback continuing its trend, particularly near support or resistance zones. Validate their strength with additional tools like the Trend-Cloud thickness or LuminaPulse to gauge reliability. Interpretation: Bullish potential reversals hint at the onset of an upward move, while bearish ones suggest a downward continuation may be brewing. Ideal for spotting early opportunities, these signals gain credibility when paired with confirming indicators. Short-Term Tops/Bottoms These signals mark temporary price extremes, identifying short-term tops or bottoms within a trend, driven by Multi-RSI algorithms. How to Use: In trending markets, leverage these signals to anticipate brief pullbacks or corrections within the dominant direction. In range-bound markets, use them to pinpoint reversal points within the established range. Interpretation: A short-term top indicates a temporary possible high, offering opportunities to lock in profits or brace for a dip. A short-term bottom suggests a fleeting low, signaling a potential bounce or recovery within the larger trend. Oversold/Overbought Conditions This category highlights extreme market states with oversold/overbought conditions, derived from RSI and price action. How to Use: In strong trends, these signals affirm the likelihood of potential temporary exhaustion. In weaker trends, they signal potential exhaustion and could early indicate reversals. Interpretation: Oversold signals in strong trends could mark a short-term break or slower trend continuation and should not be interpreted as a reversal signal. Strong Trend These signals flag possible trend continuation based on six key metrics—RSI, Money Flow, Momentum, and more—align to confirm robust momentum. How to Use: In strong trends, these signals affirm the likelihood of a continuation. Interpretation: Strong trend signals could be interpreted as a confirmation of the bullish movement and a possible continuation. Money Flow Strategy Triggers Built on money flow analysis, these signals track capital inflows and outflows on multiple timeframes to reveal shifts in buying or selling pressure, offering a window into market sentiment. How to Use: Deploy these triggers to refine entry or exit timing, especially when they sync with other signals and the Trend-Cloud’s direction. Pair them with LuminaPulse’s Money Flow, Momentum and volume sentiment for a deeper understanding of market participation. Interpretation: Positive money flow triggers indicate rising buying pressure, often a precursor to upward price action. Negative money flow triggers signal increasing selling pressure, potentially foreshadowing a downturn. Their value shines when diverging from price action, exposing hidden strength or weakness in the market. Usage Instructions for LuminaPulse LuminaPulse is a standout feature of MarketLumina, delivering real-time insights into market conditions through a sophisticated, machine-learning-driven approach. It analyzes historical data unique to each symbol and timeframe—examining past key levels, consolidation zones, volatility spikes, and price reactions—to create a dashboard of six progress bars. These bars represent the strength of critical market factors: Money Flow Momentum Volume Strength (Trend Strength) Squeeze Volatility Each bar is color-coded—green for bullish conditions, red for bearish—and its fill level reflects the factor’s strength relative to historical patterns. A fully loaded bar suggests a high likelihood of a notable price reaction, based on how the market has responded to similar conditions in the past. What makes LuminaPulse unique is its ability to tailor these insights to the specific symbol and timeframe, going beyond raw metrics to show their historical significance. Additionally, each bar features a "Ghost-Progress" overlay, marking the highest strength level reached in the current trend. This allows you to see whether the current strength is nearing or retreating from recent peaks, adding depth to your analysis. How to Use LuminaPulse LuminaPulse is a confirmation tool, not a standalone signal generator. It shines when paired with other MarketLumina features, like the Fibonacci Trend-Cloud or Advanced Signal System, as part of a broader trading strategy. Here’s how to apply it effectively: Seek Confluence Check for alignment across multiple bars. For example, if Money Flow, Momentum, and Volume are all green and highly filled, it could indicate strong bullish potential. Spot Divergences Look for mismatches between price action and the bars. If price rises but Momentum weakens, it might hint at a fading trend. Monitor Squeeze: A fully loaded Squeeze bar signals consolidation and potential volatility ahead. Use other tools to predict the breakout direction. Assess Volatility: The Volatility bar sets the context—high levels suggest bigger price swings, while low levels indicate a calmer market. Interpreting Each Progress Bar 1. Money Flow Measures the strength of money flowing into or out of the market, compared to historical thresholds, key-levels and past price reactions, using a machine learning approach, tailored to the symbol and timeframe. It’s not just the raw money flow index—it’s the likelihood of a price move based on historical similar money flow movements. How to Use: Look for a fully loaded bar alongside a strong Momentum bar near key levels or signals. Watch for a bar switching colors (e.g., red to green) with a robust Momentum bar for potential trend shifts. Treat it as the fuel behind price moves, not the absolute flow level. Interpretation: A fully loaded green bar suggests strong buying pressure; a red bar indicates selling pressure. Divergence (e.g., price up, Money Flow down) can signal an impending reversal—confirm with other tools. 2. Momentum Gauges the strength and direction of price momentum, factoring in historical key levels, volatility, and past reactions, optimized by a machine learning approach, tailored to the symbol and timeframe. It reflects momentum’s strength and potential impact, not just its current state. How to Use: Pair a fully loaded bar with a strong Money Flow bar near signals or key levels. A switching bar (e.g., bearish to bullish) with a solid Money Flow bar may hint at a trend change. View it as the driving force behind price momentum. Interpretation: A fully loaded green bar signals powerful upward momentum; a red bar shows downward force. Divergence from price action (e.g., price down, Momentum up) can be a reversal clue—verify with confluence. 3. Volume Shows whether volume is pushing price up or down, based on historical patterns and key levels near the current price, tailored to the symbol and timeframe. How to Use: Look for a bar over 50% filled, aligned with Money Flow and Momentum, near signals or key levels. Combine a strong bar with a fully loaded Squeeze bar for breakout potential. See it as the muscle behind buying or selling pressure. Interpretation: A green bar over 50% suggests volume supports upward moves; a red bar indicates downward pressure. Alignment with other bars near support/resistance can confirm breakouts or rejections. 4. Strength (Trend Strength) Focuses on the current trend’s robustness, comparing it to historical price movements, trend direction, and volatility. It helps spot pullbacks or early trend-shift warnings. How to Use: Watch for a fully loaded bar opposite your trade, paired with weakening Money Flow or Momentum, as an exit cue. For reversals, confirm a fully loaded bar with at least two other aligned bars. Use it to gauge the power of short-term price action. Interpretation: A fully loaded bar with supporting bars confirms trend strength. A dropping bar as price tests key levels may signal a pullback or shift—check support/resistance. 5. Squeeze Highlights consolidation and building pressure from buyers and sellers, suggesting a big move ahead. Its color reflects the trend but isn’t a reliable directional guide. How to Use: A fully loaded bar signals an imminent breakout—use other indicators for direction. Pair with strong Strength and Volume for timing confirmation. Treat it as a timing tool, not a directional one. Interpretation: A fully loaded bar means a significant move is likely, but not where it’s headed. Use it to prepare for action, not to predict the outcome—direction comes from confluence. 6. Volatility Measures current volatility relative to historical levels, using a machine learning approach to analyze past volatility and duration patterns specific to the symbol and timeframe. A calm bar might still appear during big swings if that’s normal for the asset or a calm bar could appear after a big move if it's normal for the asset to show single volatility spikes with consolidation afterwards. How to Use: Use a high Volatility bar (fully loaded) to favor short-term trades; a low bar (empty) suggests a quieter market. Pair with Squeeze to anticipate breakout strength. Adjust your strategy based on the market’s activity level. Interpretation: A fully loaded bar signals high volatility and bigger swings; an empty bar indicates low volatility and smaller moves. Context is key—high volatility for one symbol might be calm for another, based on its history. Key Features of LuminaPulse Tailored Insights: Each bar’s strength is customized to the symbol and timeframe’s historical behavior, making it uniquely relevant. Ghost-Progress: See the peak strength in the current trend, helping you judge if conditions are peaking or fading. Individual-Adapting Edge: Algorithms adapt to historical data, ensuring insights reflect past reactions, not just current values. Important Notes LuminaPulse is a complex, unique tool designed to enhance your analysis, not dictate trades. Its strength lies in its historical context and real-time adaptability, but it’s most effective when combined with other MarketLumina features and your own strategy. Illustrative Scenarios Trend Continuation Example Picture a market where momentum is steadily building. The Fibonacci Trend-Cloud turns red across both the primary and higher timeframes, reflecting a strong bearish direction. As this trend takes shape, reversal or strategy-based signals begin to line up with the cloud’s downward tilt, hinting at sustained weakness. Short-term bottoms and tops might start forming, offering clues about the trend’s rhythm, while a widening cloud could suggest growing confidence in the move. This setup showcases how the indicator can highlight a trend gathering steam, with multiple features reinforcing the direction. Reversal Example Imagine a market that’s been rising but approaches a key support zone. Suddenly, strong reversal signals flash on the chart, catching attention near this critical level. Price action starts to stabilize or reject, while LuminaPulse metrics show a subtle uptick in momentum or a shift in volume sentiment. As the market tests this zone, opposing signals fade, and the potential for a downward turn becomes clearer. This scenario illustrates how the indicator’s signals and metrics can converge to spotlight a possible shift in direction. Pullback Analysis Example Consider a strong bullish trend unfolding on the higher timeframe, painting a broad picture of upward movement. Zooming into the lower timeframe, a brief retracement emerges, pulling price back toward a support level. Here, strategy-based or reversal signals might pop up, marking this as a key area to watch. LuminaPulse could reveal a slowdown in downward momentum or a tightening of trend strength, suggesting the retracement might be running out of energy. This example demonstrates how the indicator can help dissect a pullback, revealing opportunities within an ongoing trend. Range-Bound Market Example Envision a market stuck in a sideways drift, with the Fibonacci Trend-Cloud narrowing and turning yellow—a sign of consolidation. Reversal signals begin appearing near support and resistance zones, hinting at potential bounces within the range. LuminaPulse metrics might spike, showing bursts of volatility or squeeze conditions building up. As price nears these boundaries, the chance of a breakout looms, with retests of the zones offering further clarity. These examples show how MarketLumina’s features—like the cloud’s color and width, signal alignments, and LuminaPulse shifts—can work together to illuminate market dynamics. Whether it’s a trend gaining traction, a reversal brewing, a pullback pausing, or a range tightening, the indicator provides visual and analytical cues to explore. By watching how these elements evolve, you can get a feel for the market’s rhythm and sharpen your understanding of what to look for in different situations. Legal Notices MarketLumina is a technical analysis tool, not a substitute for professional financial advice. Trading carries inherent risks; past performance does not guarantee future outcomes. All content is provided for educational purposes only and does not constitute trading recommendations. Users bear full responsibility for their trading decisions and are urged to prioritize robust risk management.
Pine Script® indicator
by MarketLumina
Multi-Timeframe Fair Value Gap (FVG)Multi-Timeframe Fair Value Gap (FVG) Indicator Description This indicator identifies and displays Fair Value Gaps (FVGs) across multiple timeframes simultaneously. A Fair Value Gap occurs when price moves so quickly that it leaves behind an area where no actual trading has taken place. These areas often act as magnets for price to return to later, making them valuable for traders to identify potential support and resistance zones. Key features: ·Support for up to 6 different timeframes simultaneously ·Customizable colors for each timeframe ·Option to display middle lines within FVGs ·Automatic FVG mitigation detection (by price or wick) ·Bullish and bearish FVGs clearly distinguished ·Highly customizable appearance The indicator uses different colors for each timeframe, allowing you to easily distinguish between short-term and long-term FVGs. This makes it an excellent tool for multi-timeframe analysis and for identifying key areas where price might react. How to Use Add the indicator to your chart ·Configure the timeframes you want to monitor (default: 5m, 15m, 1h, 4h, Daily, Weekly) ·Customize colors for each timeframe if desired ·Choose between "Close" or "Wick" mitigation method ·Look for areas where multiple FVGs overlap - these often represent stronger zones The indicator automatically tracks when an FVG has been filled (mitigated) and removes it from the chart. This keeps your analysis clean and focused on active, unfilled gaps that are still likely to affect price. —————————————————————————————————————————————————————————— 该指标可同时识别并显示多个时间周期的公允价值缺口(FVGs)。公允价值缺口发生在价格快速移动时，留下了一个没有实际交易发生的区域。这些区域通常会吸引价格稍后回归，使它们成为交易者识别潜在支撑和阻力区域的有价值工具。 主要特点： ·同时支持多达6个不同的时间周期 ·每个时间周期可自定义颜色 ·可选显示FVG内的中线 ·自动检测FVG的填补(通过收盘价或影线) ·清晰区分看涨和看跌的FVG ·高度可定制的外观 注意：此版本为单次缓解版本，FVG只要被触碰到1次就会被缓解，不会等待fvg完全穿越才缓解
Pine Script® indicator
by ak2588
Imbalance(FVG) DetectorImbalance (FVG) Detector Overview The Imbalance (FVG) Detector is a technical analysis tool designed to highlight price inefficiencies by identifying Fair Value Gaps (FVGs). These gaps occur when rapid price movement leaves an area with little to no traded volume, which may later act as a zone of interest. The indicator automatically detects and marks these imbalances on the chart, allowing users to observe historical price behavior more effectively. Key Features - Automatic Imbalance Detection: Identifies bullish and bearish imbalances based on a structured three-bar price action model. - Customizable Sensitivity: Users can adjust the minimum imbalance percentage threshold to tailor detection settings to different assets and market conditions. - Real-time Visualization: Marked imbalances are displayed as colored boxes directly on the chart. - Dynamic Box Updates: Imbalance zones extend forward in time until price interacts with them. - Alert System: Users can set alerts for when new imbalances appear or when price tests an existing imbalance. How It Works The indicator identifies market imbalances using a three-bar price structure: - Bullish Imbalance: Occurs when the high of three bars ago is lower than the low of the previous bar, forming a price gap. - Bearish Imbalance: Occurs when the low of three bars ago is higher than the high of the previous bar, creating a downward gap. When an imbalance is detected: - Green Boxes indicate bullish imbalances. - Red Boxes indicate bearish imbalances. - Once price interacts with an imbalance, the box fades to gray, marking it as tested. ! Designed for Crypto Markets This indicator is particularly useful in crypto markets, where frequent volatility can create price inefficiencies. It provides a structured way to visualize gaps in price movement, helping users analyze historical liquidity areas. Customization Options - Min Imbalance Percentage Size: Adjusts the sensitivity of the imbalance detection. - Alerts: Users can enable alerts to stay notified of new or tested imbalances. Important Notes - This indicator is a technical analysis tool and does not provide trading signals or financial advice. - It does not predict future price movement but highlights historical price inefficiencies. - Always use this tool alongside other market analysis methods and risk management strategies.
Pine Script® indicator
by mramoraf
EMA Channel Key K-LinesEMA Channel Setup : Three 32-period EMAs (high, low, close prices) Visually distinct colors (red, blue, green) Gray background between high and low EMAs Key K-line Identification : For buy signals: Close > highest EMA, K-line height ≥ channel height, body ≥ 2/3 of range For sell signals: Close < lowest EMA, K-line height ≥ channel height, body ≥ 2/3 of range Alternating signals only (no consecutive buy/sell signals) Visual Markers : Green "BUY" labels below key buy K-lines Red "SELL" labels above key sell K-lines Clear channel visualization Logic Flow : Tracks last signal direction to prevent consecutive same-type signals Strict conditions ensure only significant breakouts are marked All calculations based on your exact specifications
Pine Script® indicator
by akriafly
1
Renko SR VolumeDaily ATR Renko SR Levels with Volume Analysis is a technical indicator that combines Renko-based support/resistance levels with volume analysis. It dynamically calculates Renko boxes using the ATR (Average True Range) of daily data and identifies key price levels. The indicator: - Uses daily ATR to determine Renko box size. - Draws support/resistance levels based on Renko price structure. - Analyzes volume between levels to assess their strength. - Colors levels based on relative volume activity: - Red – strongest level (high volume activity). - Orange – strong level. - Yellow – moderate level. - Green – weakest level (low volume activity). - Detects daily Renko-based trends. This tool helps traders visualize key price zones with volume confirmation, improving decision-making in trend and range markets.
Pine Script® indicator
by BitcoinHunterAnalytics
1
SCE GANN PredictionsThis is a script designed to give an insight on price direction from being above or below a GANN Value. What Are GANN Waves? The SCE GANN Predictions indicator is inspired by the work of W.D. Gann, a renowned trader who believed that price movements follow geometric and mathematical patterns. GANN waves use past price behavior—specifically momentum or "velocity"—to forecast where prices might head next. How Does the Indicator Work? Calculating Velocity The script starts by measuring the "velocity" of price movement over a user-defined lookback period (denoted as n). This velocity is the average difference between the close and open prices over n bars. Think of it as the market’s speed in a given direction. Predicting the Future Price Using this velocity, the indicator estimates a future price after a specific time horizon—calculated as n + n*2 bars into the future (e.g., if n = 15, it predicts 45 bars ahead). It scales the velocity by a ratio (Gr) to determine the "end price." This is the raw GANN prediction. Optimizing the Ratio (Gr) The key to a good prediction is finding the right Gr. The script tests a range of Gr values (from Gr_min to Gr_max, stepping by Gr_step) and evaluates each one by calculating the sum of squared errors (SSE) between the predicted prices and the actual historical close prices. The Gr with the lowest SSE is deemed "optimal" and used for the final prediction. Smoothing with an SMA The raw GANN prediction is then smoothed using a simple moving average (SMA) over the lookback period (n). This SMA is plotted on your chart, serving as a dynamic trend line. The plot’s color changes based on the current price: teal if the close is above the SMA (bullish), and red if below (bearish). Visuals This example shows how the value explains price strength and changes color. When the price is above the line, and it’s green, we’re showing an up trend. The opposite is when the price is below the line, and it’s red, showing a down trend. We can see that there may be moments where price drops under the value for just that one bar. In scenarios with sideways price action, even though the price crosses, there is no follow through. This is a shortcoming of the overall concept. Customizable Inputs Timeframe: Choose the timeframe for analysis (default is 2 minutes). Show GANN Wave: Toggle the GANN SMA plot on or off (default is true). Lookback Period (Gn): Set the number of bars for velocity and SMA calculations (default is 15). Min Ratio (Gr_min): The lower bound for the Gr optimization (default is 0.05). Max Ratio (Gr_max): The upper bound for Gr (default is 0.2). Step for Gr (Gr_step): The increment for testing Gr values (default is 0.01). How to Use SCE GANN Predictions Trend Direction The colored SMA provides a quick visual cue. Teal suggests an uptrend, while red hints at a downtrend. Use this to align your trades with the broader momentum. Crossover Signals Watch for the close price crossing the GANN SMA. A move above could signal a buy opportunity, while a drop below might indicate a sell. Combine this with other indicators for confirmation. Fine-Tuning Experiment with the lookback period (Gn) and Gr range to optimize for your market. Shorter lookbacks might suit fast-moving assets, while longer ones could work for slower trends. Like any technical tool, SCE GANN Predictions isn’t a crystal ball. It’s based on historical data and mathematical assumptions, so it won’t always be spot-on.
Pine Script® indicator
by ScorsoneEnterprises
BIX Candle MarkerBIX Candle Marker (by Bogdan Ilie) "BIX Candle Marker" is a visual indicator designed to automatically mark the High and Low levels of specific candles at user-defined times and sessions directly on the main chart, facilitating easy intraday analysis. **How does it work?** - The indicator automatically fetches the High and Low values from a user-specified timeframe and draws horizontal lines at these levels at precise user-defined session times. - You can configure up to 4 different sessions per trading day, each with its own customizable color and timing. - Marked levels are automatically reset at the start of each new trading day. **Customizable Settings:** - **Timezone Offset:** Adjust the indicator according to your chart's timezone. - **Candle Time Frame:** Choose the timeframe from which the candle data will be extracted. - **Marker Length:** Set the length (number of bars) of the displayed horizontal lines. - **Line Thickness & Style:** Customize the thickness and style of the lines (solid, dotted, dashed). - **Sessions (1-4):** Independently configure the hour, minute, and color for each of the four possible sessions. **Suggested Use:** - Quickly identify intraday support and resistance levels based on key session candles. - Ideal for breakout and reversal-based trading strategies. --- **Disclaimer:** This indicator is intended solely for chart analysis and educational purposes. It does not constitute financial advice. Always use it in conjunction with your personal trading strategy and risk management practices. Author: Bogdan Ilie Pine Script Version: v6 License: Mozilla Public License 2.0 --- BIX Candle Marker (by Bogdan Ilie) "BIX Candle Marker" este un indicator vizual care marchează automat nivelurile High și Low ale lumânărilor specifice din sesiuni predefinite pe graficul principal, facilitând analiza punctelor-cheie intraday. **Cum funcționează?** - Indicatorul preia automat nivelurile maxime și minime dintr-un timeframe personalizabil și afișează linii orizontale pentru aceste nivele exact la orele și minutele configurate. - Permite definirea a până la 4 sesiuni diferite într-o zi, fiecare având culori și setări proprii. - Liniile marcate se resetează automat la începutul fiecărei zile de tranzacționare. **Setări personalizabile:** - **Timezone Offset:** ajustează indicatorul în funcție de fusul orar al graficului. - **Candle Time Frame:** selectează timeframe-ul din care se vor prelua datele. - **Marker Length:** stabilește lungimea (numărul de bare) liniilor orizontale afișate. - **Line Thickness & Style:** grosimea și stilul liniilor pot fi personalizate (solid, punctat, întrerupt). - **Sesiuni (1-4):** ora, minutul și culoarea fiecărei sesiuni pot fi configurate independent. **Sugestii de utilizare:** - Folosește indicatorul pentru a identifica rapid zonele de suport și rezistență create de lumânări-cheie pe parcursul zilei. - Poate fi util pentru strategii bazate pe breakout sau reversal. --- **Disclaimer:** Acest indicator este destinat exclusiv analizei grafice și nu reprezintă sfaturi financiare. Utilizează-l împreună cu propriile strategii și tehnici de gestionare a riscului. Autor: Bogdan Ilie Versiune Pine Script: v6 Licență: Mozilla Public License 2.0
Pine Script® indicator
by reitrading_ro
Emperor RSI CandleDescription: The Emperor RSI Candle is a real-time, non-lagging trading indicator that colors candles based on RSI (Relative Strength Index) levels. It offers instant visual feedback on market momentum, making it easy to identify trend strength, overbought/oversold zones, and potential reversals with precision. Unlike traditional RSI indicators, which display RSI values in a separate panel, Emperor RSI Candle integrates RSI signals directly into the candles, providing a cleaner, more intuitive charting experience. Its multi-timeframe RSI box shows RSI values across different timeframes, offering confluence confirmation for better trade decisions. 🔥 Emperor RSI Candle is original because it includes a multi-timeframe RSI box that displays RSI values from: 1 min → Monthly timeframes simultaneously. 📊 How this is unique: Traders can instantly compare RSI values across different timeframes. This helps them spot confluence and divergences, which is not possible with standard RSI indicators. The multi-timeframe confluence feature makes the indicator highly effective for both short-term and long-term traders. 🚀 What the script does: Real-time candle coloring based on RSI levels. Multi-timeframe RSI box for confluence insights. Customizable RSI settings for adaptability. How it benefits traders: Instant visual feedback for momentum and reversals. No lag signals for precise trading decisions. Flexible customization for different trading styles. Unique visual signals: Green, red, parrot green, and blue candles → Clearly indicating bullish/bearish momentum and overbought/oversold zones. Multi-timeframe RSI box → For cross-timeframe confluence. ⚡️ 🔥 UNIQUE FEATURES 🔥: ✅ Multi-Timeframe RSI Box: Displays RSI values from 1 min to monthly timeframes, helping traders confirm confluence across different timeframes. ✅ Fully Customizable RSI Levels & Display: Modify RSI thresholds, source, and appearance to fit your trading style. ✅ Dynamic Candle Borders for Weak Signals: Green border → Weak bullishness (RSI between 50-60). Red border → Weak bearishness (RSI between 40-50). ✅ Lag-Free, Real-Time Accuracy: No repainting or delay—instant visual signals for accurate decisions. ✅ Scalable for Any Trading Style: Perfect for both intraday scalping and positional trading. 📊 🔥 HOW IT WORKS 🔥: The indicator dynamically colors candles based on RSI values, providing real-time visual signals: 🟢 Above 60 RSI → Green candle: Indicates bullish momentum, signaling potential upward continuation. 🟩 Above 80 RSI → Parrot green candle: Overbought zone → Possible reversal or profit booking. 🟥 Below 40 RSI → Red candle: Signals bearish momentum, indicating potential downward continuation. 🔵 Below 20 RSI → Blue candle: Oversold zone → Possible reversal opportunity. 🔲 Neutral candles: 50-60 RSI → Green border: Weak bullishness. 40-50 RSI → Red border: Weak bearishness. 📊 🔥 MULTI-TIMEFRAME RSI BOX 🔥: The Emperor RSI Candle includes an RSI box displaying multi-timeframe RSI values from 1 min to monthly. This provides: ✅ Confluence confirmation: Compare RSI across multiple timeframes to strengthen trade conviction. ✅ Spot divergences: Identify hidden trends by comparing smaller and larger timeframes. ✅ Validate trade entries/exits: Use higher timeframe RSI to confirm smaller timeframe signals ⚙️ 🔥 HOW TO USE IT 🔥: To maximize the accuracy and clarity of Emperor RSI Candle, follow these steps: 🔧 STEP 1: Chart Settings Configuration Go to Chart Settings → Symbols Uncheck the following options: Body Borders Wick ✅ This ensures that only the Emperor Candle colors are visible, making the signals clear and distinct. 🔧 STEP 2: Style Settings for Emperor Candle After applying the Emperor RSI Candle: Go to Settings → Style tab Wick section: Select Color 2 and Color 3 → Set Opacity to 100%. Border section: Select Color 2 and Color 3 → Set Opacity to 100%. ✅ This ensures the candles display with full visibility and accurate colors. ⚙️ 🔥 CUSTOMIZATION OPTIONS 🔥: Emperor RSI Candle offers full flexibility to match your trading style: ✅ RSI Length: Modify the period used for RSI calculation (default: 10). ✅ Top & Bottom Levels: Adjust the overbought (default: 80) and oversold (default: 20) thresholds. ✅ Intermediate Levels: Up Level: Default: 60 → Bullish RSI threshold. Down Level: Default: 40 → Bearish RSI threshold. Mid Level: Default: 50 → Neutral zone. ✅ RSI Source: Select the price source for RSI calculation (Close, Open, High, Low). ✅ RSI Period: Customize the RSI calculation period (default: 10). ✅ Font Size: Adjust the RSI box font size for better visibility. ✅ Box Position: Choose where to display the RSI box: Top Left / Top Center / Top Right Bottom Left / Bottom Center / Bottom Right 💡 🔥 HOW IT IMPROVES TRADING 🔥: ✅ Clear trend identification: Instantly recognize bullish, bearish, or neutral conditions through candle colors. ✅ Precise entries and exits: Spot overbought and oversold zones with visual clarity. ✅ Multi-timeframe confirmation: Validate trades with RSI confluence across multiple timeframes. ✅ No lag, real-time accuracy: Immediate visual signals for faster and more reliable trade decisions. ✅ Customizable settings: Tailor the indicator to fit your trading strategy and preferences. ✅ Works for all trading styles: Suitable for scalping, day trading, and swing trading. 🔥How Traders Can Use Emperor RSI Candle for Trading: 🟢 Green Candles (Above 60 RSI) → Bullish Momentum: Indicates strong upward movement → Ideal for long entries. Traders can hold until RSI approaches 80 for profit booking. 🟥 Red Candles (Below 40 RSI) → Bearish Momentum: Signals strong downward movement → Ideal for short trades. Traders can exit or book profits near RSI 20. 2. Spotting Overbought and Oversold Zones for Reversals: 🟩 Parrot Green Candles (Above 80 RSI) → Overbought Zone: Indicates potential for reversals or profit booking. Traders can tighten stop-losses or exit positions. 🔵 Blue Candles (Below 20 RSI) → Oversold Zone: Signals a potential reversal opportunity. Traders can look for buy signals with confluence confirmation. 3. Catching Weak Bullish and Bearish Trends with Border Colors: 🟢 Green Border (RSI 50-60) → Weak Bullishness: Indicates mild upward momentum. Traders can consider cautious long entries. 🔴 Red Border (RSI 40-50) → Weak Bearishness: Indicates mild downward pressure. Traders can consider cautious short entries. 4. Using the RSI Multi-Timeframe Box for Confluence: ✅ Displays RSI values from 1 min to monthly timeframes. Usage: Confluence confirmation: Multiple timeframes showing bullish RSI → Strong uptrend → Reliable buy signals. Multiple timeframes showing bearish RSI → Strong downtrend → Reliable sell signals. Spotting divergences: If lower timeframes are bullish but higher timeframes are bearish, it indicates a potential reversal. 5. Customization Tips for Different Trading Styles: ✅ For Scalping: Use a smaller RSI period (9-10) for faster signals. Check the multi-timeframe RSI box to confirm signals quickly. ✅ For Swing Trading: Use the default RSI period (14-15) for more accurate signals. Focus on higher timeframes (1 hr, 4 hr, daily) for stronger trend confirmation.
Pine Script® indicator
by LiveTradingEmperor