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Candlestick analysis

Elliott Wave + Fibonacci Strategy (Long Only)This closed-source long-only swing strategy combines Elliott Wave principles with Fibonacci-based price projections and RSI momentum confirmation. It is designed to capture impulsive upward trends by identifying potential Wave 3 and Wave 5 setups within the Elliott Wave cycle. The strategy is both educational and practical for traders interested in systematic wave-based trading. Core Logic Overview: Wave Structure Detection The script dynamically identifies potential Wave 1 lows and tracks Wave 2 retracements using pivot logic based on a configurable lookback (waveLen). It uses Fibonacci retracement ratios (default: 61.8%) to estimate the ideal Wave 2 correction. Wave 3 Entry Signal A Wave 3 Long entry is triggered when the price exceeds both the Wave 2 high and a Fibonacci-based Wave 3 target extension (default: 1.618x the Wave 2 range), provided RSI is above 50 to confirm bullish momentum. Wave 5 Entry Logic After Wave 3, a second entry may trigger when the price surpasses the Wave 3 target by an additional 2%, and RSI is above 60 — suggesting a possible Wave 5 extension. Exit Conditions A potential ABC correction is detected when price drops below the Wave 3 target and RSI dips under 50, prompting exits. Additional risk control exits occur if RSI exceeds 70 after entry, suggesting overbought conditions. User Inputs: Swing Pivot Lookback (waveLen) – Number of bars to consider for pivot detection (default: 10) Fib Retracement (fibRetrace) – Controls the Wave 2 retracement level (default: 0.618) Wave 3 Extension Target (fibExtension) – Projects the Wave 3 price target (default: 1.618) RSI Period – Used for momentum confirmation (default: 14) Backtest Conditions: Account size: $10,000 Risk per trade: 10% of equity Commission: 0.1% Slippage: 1 tick Backtest duration: 2 years Sample size: 100+ trades depending on market conditions and timeframe used Best Use Case: Optimized for 1H to Daily charts in trending markets Works best on assets showing clear impulsive structures (e.g., crypto, indices) This strategy is intended to help traders learn and apply Elliott Wave theory in a structured and rule-based format. It avoids repainting by using confirmed swing highs/lows and gives clear visual signals for entries, exits, and targets.
Pine Script® strategy
by AITraderIndia
Swing Highs and Lows between two InstrumentsThis Indicator will show you common Swing Points between two different trading symbols. You can also use it to display the Swing Points of the current symbol or another symbol only. When applying the Indicator to your chart it will ask you to put in a symbol. This symbol is used to find common Swing Points against the symbol that you have on your screen. Should you decide not to choose any symbol the indicator will instead mark all Swing Points for the current symbol. Settings Symbol: Choose any symbol that you want to compare to the selected symbol on your screen. Sensitivity: The sensitivity defines how many candles left and right of a Swing Point have to be below (Swing High) or above (Swing Low) in order for the Indicator to mark it. A lower sensitivity will give a lot more Swing points, whereas a higher sensitivity will show less, but more important Swing Points. Equal Highs Permissible: When calculating where a Swing Point is you can decide how you want equal highs and equal lows to be handled. The default is set to "yes" which means equal highs will be counted as if they were below (Swing High) or above (Swing Low). Choosing "no" will alter the indicators behaviour and only mark a Swing Point if all values within the sensitivity are below (Swing High) or above (Swing Low). As equal highs/lows are not below/above the Swing Point, but at the same level it will not mark the Swing Point. Options: You can choose to display Swing Highs and Lows for each symbol individually as well as Common Swing Points, which is the default. If you choose to display different Swing Points at the same time the visual order of importance is the following: common Swing Points > current symbol Swing Points > second symbol Swing Points. You can also change the symbols and colors that mark the Swing Points or restrict the timeframes that the Indicator works on.
Pine Script® indicator
by bruul
Huat line IndicatorTAEMA Indicator – Trend Adapted Moving Average This script implements the TAEMA (Trend-Adapted Exponential Moving Average), inspired by the methodology introduced by Dr. Patrick Winter in the IFTA Journal. TAEMA dynamically adjusts its weighting and slope based on recent price behavior, making it more responsive to market trends while minimizing noise. Designed to visually highlight bullish and bearish shifts through adaptive color changes, this indicator is ideal for traders seeking a smoother, more intelligent alternative to traditional moving averages.
Pine Script® indicator
by mr_huat
1
Choch ScreenerHello, this indicator is designed to detect CHoCHs (Change of Character) across different pairs, display them on the chart, and provide alerts when they occur. As you may know, some terms can have different meanings for different traders. For this reason, I’m sharing a sample visualization of the formula at the core of this indicator below. When the specified structure occurs and the trigger level is breached, you will receive a notification via the screener. By changing the " Length " value in the settings, you can achieve different results. Length: the length used in pivot point (fractal) calculations. For example, if the value is 3, a pivot low must be lower than the 3 candles on both the left and right sides. You can adjust the pairs that will appear in the screener from the settings tab. It can be used with stocks , forex , crypto , and various other types of pairs. You can also customize the color settings according to your chart preferences. To receive real-time alerts, simply click on the three dots next to the indicator and select the "Set Alert" option. You will be notified whenever a bullish or bearish CHoCH structure forms in any of the active pairs.
Pine Script® indicator
by Milvetti
Reverse Relative Strength Indicator [RRSI]🌀 Reverse Relative Strength Indicator (RRSI) RRSI is a custom-built indicator inspired by the traditional RSI, but with a reverse logic. It aims to capture reverse momentum within strong trends, making it especially useful for identifying contrarian overbought/oversold zones in trending markets. 📌 Key Features: ✅ Built on a price momentum reversal mechanism, ideal for spotting short-term pullback opportunities within trends ✅ Default range ; values above 80 indicate reverse overbought, below 20 indicate reverse oversold ✅ Works best when combined with RSI/MACD for multi-factor strategies 📈 Use Cases: 📍 Catching pullback entries during trending markets 📍 Spotting reversal signals in ranging conditions 📍 Serving as a filter for entry/exit conditions in automated trading systems 🧠 Strategy Suggestions: In strong trend conditions (e.g., when moving averages are aligned), consider buying when RRSI drops below 20 In sideways markets, look for selling opportunities when RRSI enters overbought zones, especially near resistance or upper Bollinger Bands 📐 Fully customizable parameters for personalized optimization.
Pine Script® indicator
by rshvip
Daily + Weekly + H4 Bias📈 What does the “Daily + Weekly + H4 Bias” indicator do? It shows the market direction (bias) across three timeframes: • 🔹 H4 Bias: Based on the last 4-hour candle (bullish or bearish) • 🔹 Daily Bias: Based on yesterday’s close relative to the previous day’s range • 🔹 Weekly Bias: Based on last week’s close compared to the prior week’s high/low ⸻ 🧠 Why it’s useful: • Helps you understand short, mid, and long-term trends • Lets you filter trades (e.g., only trade CHoCH in the direction of the bias) • Useful for multi-timeframe alignment, like ICT teaches
Pine Script® indicator
by ycypilot1
Session Open Lines [iFarsheed]Overview: The "Session Open Lines " indicator is mainly designed for Al Brooks Price Action traders using 5-minute charts, particularly during the NYSE session. It marks Tokyo, London, and NYSE session open/close times with dashed lines and optional labels to help you analyze session-based price movements. Features: Session Marking: Draws dashed lines to indicate the open and close times of Tokyo, London, and NYSE sessions. NYSE session can be split into two or three parts for detailed analysis (e.g., Morning/Afternoon or Open/Middle/Close). Optional Labels: Displays labels (e.g., "Tokyo Open", "NYSE Close") below the chart to clearly identify session boundaries. Labels can be toggled on or off for a cleaner chart view. Customizable Display: Choose which sessions to display and customize line colors to match your chart setup How to Use: Customize Settings: Enable or disable specific sessions (Tokyo, London, NYSE) based on your trading focus. Adjust line colors to ensure visibility against your chart background. Toggle session labels on or off depending on your chart type (e.g., disable for RTH charts) Analyze Session Boundaries: Use the dashed lines to identify session open/close times and analyze price action around these key moments. For NYSE session, split into two or three parts to break down the session into manageable segments for deeper analysis. Informed Decision Making: Leverage session boundaries to spot potential price action setups, such as breakouts or reversals, especially during the NYSE session Important Note: Due to Pine Script limitations (max 500 lines), if all sessions are enabled, lines are drawn for the past 5 days. Selecting fewer sessions allows more days to be displayed. Lines are drawn only up to the current time; future session lines (e.g., NYSE Close) won't appear until the session ends. For RTH charts, use only the NYSE session. It’s recommended to disable labels in RTH mode, as NYSE Open and Close lines are close together and labels may overlap. Future Updates: This indicator is just the beginning! Exciting new features are on the way to make your price action analysis even more powerful—stay tuned for updates! If you have any suggestions or feedback, please share them in the comments section. Happy Price Action Trading! -iFarsheed-
Pine Script® indicator
by iFarsheed
Big Wave Stock Signal Tool### Script Purpose, Function, and Value The Big Wave Stock Signal Tool is a visual environmental awareness aid that has been used within educational content provided by Life Publishing Co. The purpose of this script is to assist in the bird's eye view of market conditions by detecting specific price structures and trend tendencies based on objective criteria and displaying signs on a chart. The tool analyzes the structure mainly from the following perspectives Slope and order relationship of moving averages (short, medium, and long term) Momentum status by RSI (Relative Strength Index) Volume and its level (compared to the 20-period moving average) Direction of the candlestick (daily or weekly) When these factors are in combination, the “Buy Signal” will be lit, and when the opposite conditions are met, the “Close Signal” will be displayed. This provides reference information for visually confirming the “timing that can be regarded as a structural milestone” on the chart. Please note that this script is intended only as an information aid and is not intended to make individual investment decisions or provide trading advice. Final decisions should be made at the discretion and responsibility of the user. ### Proving Uniqueness This tool is unique in that, while employing classic technical indicators, it focuses on “consistent structure determination by combining multiple conditions. In addition to general moving averages, different types of MAs (WMA/EMA/SMA) are used for different purposes, and their slope, order, and intersection are comprehensively evaluated. By incorporating daily and weekly positive/negative decisions (MTF-like perspective), it is also possible to confirm environmental consistency independent of a single time axis. RSI and volume filters are also used as additional consistency factors, and sensory factors such as overheating and the strength of supply and demand are integrated into the logic. As a result, the scripts specialize in extracting only “structural situations” in which multiple perspectives overlap, rather than noisy signals based on “single indicator condition matching. The script is not merely a parallel set of conditions, but is intentionally designed to link multiple perspectives such as environmental awareness, momentum, and consistency, and is unique in that each component functions in its own role. ### Signal Logic The signals in this script are displayed based on the following clear rules. Buy Signal (Signal for a major wave to occur) A blue arrow appears at the bottom of the chart when all of the following conditions are met: ・ Short-term WMA (10) and medium-term WMA (21) Short-term WMA (10) and intermediate-term WMA (21) are rising. The medium-term EMA (21) and long-term SMA (80) are pointing upward and the sequence “Short-term > Medium-term > Long-term” is established. The daily candlestick is positive (close > open). The weekly candlestick is also positive. Volume is above the 20-period moving average. RSI (80) is above 50 The on/off status and threshold of each factor can be flexibly adjusted from the settings screen. Close Signal When any of the following conditions are met, a red down arrow will appear on the chart: The short-term MA has broken below the intermediate-term MA. Or, the Short-term MA falls below both the Medium-term and Long-term MAs at the same time (can be adjusted). In this way, from a buy signal to an exit signal is defined by explicit conditions based on structural changes, and is intended to assist in visually confirming a series of trends. ### Reason and purpose of the mashup This tool aims to capture chart structure from a more multifaceted perspective by combining several technical indicators, including Moving averages (short-term WMA, medium-term EMA, long-term SMA): Basic trend indicators for confirming market trends RSI (Relative Strength Index): an indicator that quantifies momentum Volume: An indicator that confirms the strength of market participation behind price fluctuations Weekly Positive (multi-time factor): Confirmation of long-term market conditions. Each of these indicators does not function in isolation, but is combined in terms of trend direction, strength, volume, and momentum consistency to function as an integrated sign on the chart. ### Closed Source Justification Although this script is available to the public, the source code is provided in a closed (protected) format for reasons of logic preservation, prevention of misunderstanding, and maintenance of educational design. The script is provided in a protected format for reasons of preservation of the logic, prevention of misunderstanding, and maintenance of the educational design. The tool is linked to educational content and must be used correctly in context. The protected format allows users to adjust only the settings and avoid excessive manipulation of the logic part. TradingView's script disclosure rules also state that if “a reasonable non-disclosure reason is explained for the protected script,” then it can be disclosed without any problems. The protected format also reduces the risk of users accidentally corrupting or altering the logic, and is effective in maintaining the original structural integrity of the script. ### Auxiliary Functions Automatically displays 3 charts: Short-term WMA (10), medium-term EMA (21), and long-term SMA (80) On/off toggle of RSI (80 periods) Filtering by volume average (20 SMA) Positive/negative daily/weekly signals (included as a condition for visual aids) Signs are color-coded for upward (Buy)/downward (Close) movement ### UI Translation Guide (Settings) Buy Signal: Signal for a large wave (blue up arrow) Close Signal: Signal for the end of a major wave (red down arrow) Short-Term MA (WMA 10): Short-term moving average (WMA 10) Mid-Term MA (EMA 21): Mid-term moving average (EMA 21) Long-Term MA (SMA 80): Long-term moving average (SMA80) Volume MA (SMA 20): Moving average of volume (20 periods) Relative Strength Index (80): RSI (Relative Strength Index (80 periods)) Daily/Weekly Bullish Candle: daily/weekly bullish decision (Close > Open) ### Disclaimer This script is intended to provide information and learning support, and is not intended to recommend or advise trading decisions for specific financial instruments. Actual investment decisions should be made at your own risk and discretion. Past price movements and detected patterns do not guarantee future results. Signs and information displayed are only to assist in viewing the chart structure and are not intended to have any direct influence on trading decisions or profit/loss results.
Pine Script® indicator
by needfulJaguar64484
Big Wave Stock Signal Revised: Big Wave Stock Signal Revised is an educational tool developed to aid in the detection of stock market trends. It is used in free investment seminars offered by Life Publications, Inc. This system detects when both "environmental consistency" (trend structure) and "chart pressure structure" (pattern formation) occur simultaneously. It then clearly shows when a breakout occurs on the chart as a "first move signal" and provides a "trend first move" signal. Its purpose is to help you detect the "phase considered to be the initial move of a trend." Specifically, the order of short-, medium-, and long-term exponential moving averages (EMAs) is evaluated on multiple time frames (1-hour, 4-hour, and daily). Only when an "upward perfect order" (20 > 80 > 200 EMA) is established on all time frames is the next step taken: determining if the chart structure has broken. Structure Recognition automatically detects an ascending triangle based on the most recent pivot highs and lows. It displays a "Signal of Big Wave Detection" when the upper edge line is exceeded. Additionally, the system internally manages stop/limit orders for virtual positions and automatically displays a "Signal of Big Wave Termination" when risk-reward conditions are met. Please note that this system is not designed to encourage specific investment decisions. It is primarily intended to provide an objective visual aid for confirming structural changes on the chart. : The greatest feature of Big Wave Stock Signal Revised is its design, which combines three features that are difficult to replicate in a combination of common technical indicators: multi-timeframe, automatic recognition of chart structure, and virtual position progression. The automatic detection of ascending triangles in the chart structure, in particular, is a unique implementation of this system that should be evaluated. Essentially, the judgment of such patterns is often based on subjective and discretionary analysis. The recognition of "where is considered horizontal" and "whether the low is rounding up" differs from user to user. However, in this system, pivot highs and lows are extracted by an algorithm, and the difference between them is judged mechanically and objectively based on whether they fall within a preset error rate. This enables the detection of structures that maintain reproducibility without interrupting discretion in pattern recognition. Furthermore, Triangle Detection is not used in isolation. Rather, it is based on the condition that the trend structure (perfect order) is established. This includes the intention to reduce uncertainty in the pattern. Thus, this tool is a systematic, structured chart analysis aid that evaluates trend and pattern consistency and visually extracts only situations of structural significance. : This system was developed as part of a fee-based investment learning program offered by Life Publications, Inc., and it should be understood and used in the context of the accompanying material. As such, access to the code is limited and private, with the goal of preventing misuse and unrestricted dissemination. This justifies its inclusion as "part of the educational design" linked to the learning content rather than as a mere indicator. : The Big Wave Stock Signal Revised's signal logic consists of the following five steps. A Buy Signal (Signal of Big Wave Detection) and a Close Signal (Signal of Big Wave Termination) are designed to appear on the chart only when each of the conditions is met step by step. : The tool simultaneously performs calculations for three time charts and three exponential moving averages (EMAs): Short-term (20 EMA), Medium-term (80 EMA), Long-term (200 EMA). The Time charts are: 1-hour charts 4-hour charts Daily charts This enables a broader structural evaluation, independent of a single time frame. : If the order relationship of "short-term > medium-term > long-term" is established for each time frame, then that time frame is considered to have a "perfect upward order." Furthermore, if this structure is confirmed for the 1H, 4H, and daily charts simultaneously, the chart is considered to have "strong upward consistency," and we will proceed to the next judgment step. : Next, the system automatically evaluates the appearance of an ascending triangle pattern on the chart. This is detected by extracting pivot highs and lows based on the following condition: 1) The two most recent pivot highs are at approximately the same level (i.e., the upper side is horizontal). 2) The two most recent pivot lows are rounding up. When these conditions are met simultaneously, an ascending triangle is determined to exist on the chart. : A "buy signal", Signal of Big Wave Detection, will appear on the chart as a blue up arrow only when the following two conditions are met simultaneously; 1) A perfect upward order must be in place on all time charts. 2) The price has broken above the upper line of the ascending triangle. This timing corresponds to the initial phase, when an upward structure is in place and the price has broken out of a holding pattern. Additionally, the duplicate avoidance logic works internally to prevent duplicate signals when a similar signal appears on the previous bar. : After a buy signal occurs, the internal logic that manages the position virtually is activated. The exit condition can be one of the following: 1) When the price falls to the mid-term EMA (80 EMA on 1H charts), which is assumed to be the stop. 2) When the price reaches the profit line, which is based on the risk-reward ratio set at the closing price when the signal is activated. When either condition is met, a "Close Signal (Signal of Big Wave Termination)" appears on the chart as a red down arrow. This sequence of events allows users to visually follow the "structure, initial movement, progression, and close" storyline within a single system. : Rather than relying on a single technical indicator, this multi-layered system combines multiple perspectives of trend structure, chart patterns, and progression management. The system highlights "structurally meaningful phases" on the chart that cannot be captured by a single viewpoint. 1) Trend consistency is extracted using the EMA triple structure (20/80/200) across multiple time charts. Only environments where the upward trend is consistent on all time charts are targeted and used to confirm and filter the trend direction. 2) The system automatically determines pressure structure by detecting ascending triangles. It visually recognizes typical energy accumulation patterns based on the horizontality of the highs and the cutoff of the lows. 3) Virtual progression management (risk-reward ratio and mid-term EMA for exits). There is consistent visualization of the notional movement and structure of a signal from its onset to its close, all within the same system. We intend to clarify "when, where, and why visual signals are displayed" and prevent excessive signals and ambiguous judgments by combining these three flows — trend recognition, pattern formation, and end of progression — into a single logic. In particular, we have attempted to make the recognition of chart patterns more reproducible and objective by creating an algorithm for areas that have relied on discretion in the past. This integrated approach helps users grasp the overall chart structure from multiple perspectives and focus their attention only on situations where specific conditions overlap. It displays each EMA (20 EMA, 80 EMA, and 200 EMA) on one-hour charts. The upper line of the ascending triangle is displayed. The risk-reward ratio is adjustable (1:1, etc.). Signals are highlighted by a large triangle icon on the chart. Fast EMA Length: The duration of the short-term EMA (e.g., 20). Mid EMA Length: The length of the medium-term EMA (e.g., 80). Slow EMA Length: The length of the long-term EMA (e.g., 200). Number of Pivots Left/Right: The number of bars on the left and right side of the pivot decision. Error Rate of Horizontal Line: The tolerance for the upper side to be considered horizontal (e.g., 0.005 = ±0.5%). Risk Reward Ratio: Ratio: Ratio of gain/loss. 4H Timeframe: The time charts of the upper chart (1) (default: 4-hour). Daily Timeframe: The time charts of the upper chart (2) (default: daily). : This system is intended for informational and educational purposes only. It is not designed to make recommendations or provide advice regarding trading decisions on financial instruments. Actual trading decisions should be made at your own risk. There is no guarantee of future price movements or profits.
Pine Script® indicator
by needfulJaguar64484
JOYZONE.v5Introducing the "JOYZONE v5" Tool for TradingView Tailored for those navigating the financial markets, the JOYZONE v5 tool offers an advanced method of tracking potential market shifts and breakout scenarios. Designed using Pine Script v6, it relies on key price markers—specifically pivot points—to map zones where price may change direction. These insights cater to both momentum-based and reversal-oriented trading approaches, simplifying complex price behavior into actionable signals. --- What it does ? At its core, this tool automatically highlights notable ZONE highs and lows of its 5 times higher timeframes. If you run it on 15 min timeframe and it shows a Bullish signal, it means a Bullish Demand Zone is being created at 75 mins timeframe. Rather than flooding charts with noise, this tool employs a confirmation check over a short window to verify the zone’s legitimacy. Once a zone is recognized, the indicator draws a horizontal boundary at that price level, remaining visible until market conditions evolve. Each level is tagged with a small label—either positive or negative depending on the direction—allowing users to quickly spot areas where the market sentiment has potentially shifted. Color schemes and label dimensions can be adjusted to fit different visual preferences. --- Highlights at a Glance - Streamlined Setup: Key configurations offering a plug-and-play experience while still leaving room for customization in appearance. - Clutter-Free Interface: With a signal cap set to 100 by default, older lines and labels are automatically phased out—especially helpful when analyzing broader timeframes. --- How It Interprets Market Moves The tool continuously watches for levels formed during rising and falling zone-sequences. When the market decisively breaches one of these defined zones backed by a close beyond the boundary—it identifies this as a Confirmation of ZONE. For instance, if prices climb above a key high that had earlier defined resistance during a downtrend, and the move is confirmed, a new upward phase is signaled. The tool then draws a green line and places a "ZONE" label to reflect this change in sentiment. --- Practical Applications - For Swing Traders: Ideal for pinpointing entries around fresh trend formations, with well-marked price references for stop-loss and target planning. - For Intraday Participants: Instant alerts help capture short-lived reversals that can occur throughout the trading day. - For Long-Term Traders: Monitoring higher timeframes with this indicator helps in recognizing macro trend shifts that could shape portfolio-level decisions. --- Adaptability & Considerations Users can personalize the indicator’s visual presentation by toggling level visibility and adjusting label formats. While its logic is universal, the performance may vary slightly depending on the instrument (e.g., equities, currencies, crypto). Point of Caution: in sideways markets where direction is unclear, the tool may not perform optimally due to its reliance on confirmation. To improve accuracy, consider pairing it with other indicators like volume or moving averages. Also, since the period setting is fixed, back-testing on different assets and timeframes is encouraged. --- *Final Thoughts The JOYZONE v5 tool provides a sleek, intuitive method for recognizing market momentum shifts and trend reversals. Its clean visuals, thoughtful alert system, and reduced need for user input make it accessible and powerful. Whether you're just starting out or refining an established trading method, this indicator can serve as a reliable companion for chart analysis. > Disclaimer: This tool is intended solely for educational use and should not be seen as a guaranteed trading solution. Please use alongside your broader trading framework and consult with advisors if you need.
Pine Script® indicator
by Joy_Mukherjee
AlphaTrend++AlphaTrend++ An advanced, fully customizable fork of Kivanc Ozbilgic’s AlphaTrend. This version enhances signal accuracy and chart clarity with: • Original AlphaTrend signal logic including signal frequency filtering (barssince-based) • Optional raw (unfiltered) signal mode for more frequent entries • Dynamic stop loss tick labels based on AlphaTrend levels and user-defined tick size • Optional time window filter for intraday signal control • Clean dual-layer trend cloud with color-coded momentum direction Ideal for discretionary or system traders looking to combine visual structure with robust signal logic.
Pine Script® indicator
by charleyRT
Umair SuperchartThis indicator combines traditional pivot point analysis with volume surge detection to provide comprehensive trading signals. Here are its key features: Main Components: 1. Daily Pivot Points (PP, R1-R3, S1-S3) - Automatically calculates and displays pivot levels - Color-coded lines (Red for Resistance, Blue for Pivot, Green for Support) - Movable information box showing all levels - Works across all timeframes 2. Volume Surge Detection - Monitors volume increases above 20-period average - Shows small triangles for immediate volume surges • Green triangle below bar for bullish volume • Red triangle above bar for bearish volume 3. Strong Buy/Sell Signals - Tracks sustained volume surges (default 10 minutes) - Displays blinking "STRONG BUY!" or "STRONG SELL!" messages - Provides alerts for sustained momentum Customizable Features: - Adjustable volume surge threshold - Customizable sustained period duration - Movable pivot level display box - Adjustable line widths and colors - Flexible position settings Alerts: - Price breaks above R1/below S1 - Immediate volume surges - Sustained bullish/bearish volume movements Perfect for: - Day traders monitoring volume-price relationship - Swing traders using pivot points for support/resistance - Technical analysts requiring multiple confirmation signals
Pine Script® indicator
by dodgeyouself