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SSL Channel-JUANCHOSEGUIR LA TENDENCIA Y ENTRAR CUANDO LA SEGUNDA VELA CONFIRME LA TENDENCIA. //@version=5 indicator("SSL Channel", shorttitle="SSL Channel", overlay=true, timeframe="", timeframe_gaps=false) wicks = input(false, "Take Wicks into Account ?") highlightState = input(true, "Highlight State ?") ma(source, length, type) => type == "SMA" ? ta.sma(source, length) : type == "EMA" ? ta.ema(source, length) : type == "SMMA (RMA)" ? ta.rma(source, length) : type == "WMA" ? ta.wma(source, length) : type == "VWMA" ? ta.vwma(source, length) : na show_ma1 = input(true , "MA High", inline="MA #1", group="Channel №1") ma1_type = input.string("SMA" , "" , inline="MA #1", options= , group="Channel №1") ma1_source = input(high , "" , inline="MA #1", group="Channel №1") ma1_length = input.int(200 , "" , inline="MA #1", minval=1, group="Channel №1") ma1_color = input(color.green, "" , inline="MA #1", group="Channel №1") ma1 = ma(ma1_source, ma1_length, ma1_type) show_ma2 = input(true , "MA Low", inline="MA #2", group="Channel №1") ma2_type = input.string("SMA" , "" , inline="MA #2", options= , group="Channel №1") ma2_source = input(low , "" , inline="MA #2", group="Channel №1") ma2_length = input.int(200 , "" , inline="MA #2", minval=1, group="Channel №1") ma2_color = input(color.red, "" , inline="MA #2", group="Channel №1") ma2 = ma(ma2_source, ma2_length, ma2_type) showLabels1 = input(true, "Show Buy/Sell Labels ?", group="Channel №1") show_ma3 = input(false , "MA High", inline="MA #3", group="Channel №2") ma3_type = input.string("SMA" , "" , inline="MA #3", options= , group="Channel №2") ma3_source = input(high , "" , inline="MA #3", group="Channel №2") ma3_length = input.int(20 , "" , inline="MA #3", minval=1, group="Channel №2") ma3_color = input(color.orange, "" , inline="MA #3", group="Channel №2") ma3 = ma(ma3_source, ma3_length, ma3_type) show_ma4 = input(false , "MA Low", inline="MA #4", group="Channel №2") ma4_type = input.string("SMA" , "" , inline="MA #4", options= , group="Channel №2") ma4_source = input(low , "" , inline="MA #4", group="Channel №2") ma4_length = input.int(20 , "" , inline="MA #4", minval=1, group="Channel №2") ma4_color = input(color.blue, "" , inline="MA #4", group="Channel №2") ma4 = ma(ma4_source, ma4_length, ma4_type) showLabels2 = input(true, "Show Buy/Sell Labels ?", group="Channel №2") Hlv1 = float(na) Hlv1 := (wicks ? high : close) > ma1 ? 1 : (wicks ? low : close) < ma2 ? -1 : Hlv1 sslUp1 = Hlv1 < 0 ? ma2 : ma1 sslDown1 = Hlv1 < 0 ? ma1 : ma2 Color1 = Hlv1 == 1 ? ma1_color : ma2_color fillColor1 = highlightState ? (color.new(Color1, 90)) : na highLine1 = plot(show_ma1 ? sslUp1 : na, title="UP", linewidth=2, color = Color1) lowLine1 = plot(show_ma2 ? sslDown1 : na, title="DOWN", linewidth=2, color = Color1) plotshape(show_ma1 and showLabels1 and Hlv1 == 1 and Hlv1 == -1, title="Buy Label", text="Buy", location=location.belowbar, style=shape.labelup, size=size.tiny, color=Color1, textcolor=color.white) plotshape(show_ma2 and showLabels1 and Hlv1 == -1 and Hlv1 == 1, title="Sell Label", text="Sell", location=location.abovebar, style=shape.labeldown, size=size.tiny, color=Color1, textcolor=color.white) fill(highLine1, lowLine1, color = fillColor1) Hlv2 = float(na) Hlv2 := (wicks ? high : close) > ma3 ? 1 : (wicks ? low : close) < ma4 ? -1 : Hlv2 sslUp2 = Hlv2 < 0 ? ma4 : ma3 sslDown2 = Hlv2 < 0 ? ma3 : ma4 Color2 = Hlv2 == 1 ? ma3_color : ma4_color fillColor2 = highlightState ? (color.new(Color2, 90)) : na highLine2 = plot(show_ma3 ? sslUp2 : na, title="UP", linewidth=2, color = Color2) lowLine2 = plot(show_ma4 ? sslDown2 : na, title="DOWN", linewidth=2, color = Color2) plotshape(show_ma3 and showLabels2 and Hlv2 == 1 and Hlv2 == -1, title="Buy Label", text="Buy", location=location.belowbar, style=shape.labelup, size=size.tiny, color=Color2, textcolor=color.white) plotshape(show_ma4 and showLabels2 and Hlv2 == -1 and Hlv2 == 1, title="Sell Label", text="Sell", location=location.abovebar, style=shape.labeldown, size=size.tiny, color=Color2, textcolor=color.white) fill(highLine2, lowLine2, color = fillColor2) // Alerts alertcondition(Hlv1 == 1 and Hlv1 == -1, title="SSL Channel (1) Buy Alert", message = "SSL Channel (1): BUY") alertcondition(Hlv1 == -1 and Hlv1 == 1, title="SSL Channel (1) Sell Alert", message = "SSL Channel (1): SELL") alertcondition(Hlv2 == 1 and Hlv2 == -1, title="SSL Channel (2) Buy Alert", message = "SSL Channel (2): BUY") alertcondition(Hlv2 == -1 and Hlv2 == 1, title="SSL Channel (2) Sell Alert", message = "SSL Channel (2): SELL")
Pine Script™ indicator
by JUAN27AS
New Day DividerPlots vertical dividers on your chart to mark the beginning of a new trading day based on your preferred time convention. ✅ Customizable New Day Start Time: "Use Midnight" → Marks the start of a new day at 00:00 (midnight) in the selected timezone. "Use Digital Open" → Marks the start of a new day at 18:00 New York time, commonly used for digital asset trading. ✅ Full Timezone Support: Choose from all U.S. time zones (default: New York). Supports UTC and full UTC offset adjustments for global traders. ✅ Customizable Line Appearance: Select divider color, width, and style (Solid, Dashed, or Dotted).
Pine Script™ indicator
by hugheskm
My Madam Dior....The Madam Dior indicator focuses on detecting RBR and DBD patterns, which signify periods of increased momentum and potential continuation or reversal of the prevailing trend. The RBR pattern consists of a rally (upward movement), followed by a base (consolidation or retracement), and then another rally. It suggests that the upward momentum may persist and provide trading opportunities. On the other hand, the DBD pattern comprises a drop (downward movement), followed by a base, and then another drop. It indicates that the downward momentum might continue, offering potential shorting opportunities. Bullish(RBR) Bearish(DBD) 1. The bullish (RBR) and bearish (DBD) patterns share the same underlying logic, only differing in their directionality. 2. For both RBR and DBD patterns, the first rise/drop can consist of one or multiple candles. However, in the case of multiple candles, all candles must exhibit a bullish nature for RBR and a bearish nature for DBD. 3. It is a prerequisite for the first rise/drop to include at least one candle with a defined percentage of health, as determined by the user. 4. The base, following the first rise/drop, may comprise one or multiple candles. 5. To maintain consistency, the base is not allowed to retrace beyond 80%, although this value can be adjusted by the user. 6. Similar to the first rise/drop, the second rise/drop in both RBR and DBD patterns can consist of one or multiple candles. However, all candles within this phase must demonstrate a bullish nature for RBR and a bearish nature for DBD. 7. Confirmation of the bullish (RBR) pattern occurs when a candle closes above the high of the first rise. Conversely, the bearish (DBD) pattern is confirmed when a candle closes below the low of the first drop. Alerts can be set for all bullish and bearish pattern or for the first pattern in the range of similar pattern.
Pine Script™ indicator
by MYMADAMDIOR
1
Supertrend Strategy with Money Ocean TradeStrategy Overview The Supertrend Strategy with Trend Change Confirmation leverages the Supertrend indicator to identify potential buy and sell signals based on changes in trend direction and subsequent price action. The strategy is designed to work with any financial instrument (symbol) and aims to provide clear entry and exit signals. Key Components Supertrend Indicator: The core of this strategy is the Supertrend indicator, calculated using a length of 3 and a factor of 1. The Supertrend line is plotted on the chart to visually represent trend direction. Direction 1: Indicates an uptrend (bullish). Direction -1: Indicates a downtrend (bearish). Trend Change Detection: The strategy monitors changes in the trend direction. When a trend change is detected, it checks if the next candle confirms the trend change by breaking above or below the Supertrend line. Entry Conditions: Long Entry (Buy): When the Supertrend direction changes to 1 (uptrend) and the next candle closes above the Supertrend line. Short Entry (Sell): When the Supertrend direction changes to -1 (downtrend) and the next candle closes below the Supertrend line. Exit Conditions: The strategy closes the position based on the opposite signal. Long Exit: When the Supertrend direction changes to -1 (downtrend) and the next candle closes below the Supertrend line. Short Exit: When the Supertrend direction changes to 1 (uptrend) and the next candle closes above the Supertrend line. Visual Signals: The strategy plots buy and sell signals on the chart using plotshape: BUY: A green label below the bar when a long entry is triggered. SELL: A red label above the bar when a short entry is triggered. Alerts: Alerts are set up to notify when a buy or sell signal is triggered. Script Summary This strategy helps traders identify potential trading opportunities based on trend changes and confirms the trend by checking the next candle's price action. The visual signals and dashboard enhance the user's ability to monitor and manage trades effectively. Feel free to test and adjust the parameters to suit your trading preferences! If you need further customizations or explanations, let me know.
Pine Script™ strategy
by gmajmer
Hidden Order BlockThe Hidden Order Block Indicator helps traders identify bullish and bearish order blocks that align with market structure. It highlights key price zones where institutional activity may occur, assisting traders in making informed decisions. 🔥 Key Features: ✔ Bullish & Bearish Order Blocks – Marks potential institutional trading areas ✔ Trend-Based Analysis – Works effectively when used with trend confirmation ✔ Compatible Markets – Suitable for Forex, Crypto, and Stocks ✔ Timeframe Optimization – Designed for M30 and higher timeframes ✔ Flexible Trading Styles – Can be incorporated into scalping, swing trading, and intraday strategies 🔹 Technical Note: This script is designed to enhance market structure understanding and should be used with additional confluence for better decision-making.
Pine Script™ indicator
by Crystalforex22
RSI Signal Pro[UgurTash]Introducing RSI Signal Pro for TradingView RSI Signal Pro is a refined version of the standard Relative Strength Index (RSI) , designed to improve signal accuracy by generating alerts in real-time instead of waiting for multiple candle confirmations. This enhancement allows traders to react faster to market movements while maintaining the familiar RSI structure. What Makes RSI Signal Pro Unique? ✅ Real-Time RSI Signals: Unlike the traditional RSI, which waits for candle confirmations, this version provides immediate buy and sell signals upon key level crossovers. ✅ Dual Trading Modes: Choose between Simple Mode (standard RSI crossovers) and Advanced Mode (momentum-adjusted signals with price validation). ✅ Customizable RSI-Based Moving Average (MA): Optionally apply SMA, EMA, WMA, or VWMA to smooth RSI fluctuations and identify longer-term trends. ✅ Adaptive Signal Filtering: The Advanced Mode reduces false signals by filtering RSI movements with a momentum threshold and historical RSI validation. ✅ User-Friendly Interface: Simple ON/OFF toggles allow easy customization of the indicator's behavior. How This Indicator Works 🔹 Simple Mode: Identical to traditional RSI, triggering signals when RSI crosses 30 (bullish) or 70 (bearish). 🔹 Advanced Mode: Uses historical RSI pivots, momentum verification, and price confirmation to refine signal accuracy—ideal for traders looking for more precise entries. 🔹 RSI-Based MA: Optionally overlay moving averages onto the RSI, providing additional trend confirmation. How to Use RSI Signal Pro 1️⃣ Select a mode: Use Simple Mode for frequent alerts or Advanced Mode for refined signals. 2️⃣ Enable RSI-Based MA: Apply SMA, EMA, WMA, or VWMA to smooth RSI fluctuations. 3️⃣ Set alerts: TradingView notifications allow you to react to real-time RSI movements instantly. 4️⃣ Apply to multiple markets: Effective for crypto, forex, stocks, and commodities. Why Use RSI Signal Pro Instead of Standard RSI? While RSI Signal Pro maintains the core functionality of the standard RSI, its real-time signal generation allows traders to make faster decisions without the typical delay caused by waiting for candle confirmations. Additionally, the optional momentum filtering and moving average smoothing ensure fewer false signals and better trade accuracy.
Pine Script™ indicator
by ugurtash
RSI Divergence[UgurTash] – Real-Time📈 RSI Divergence – Real-Time, Adaptive, and Intelligent RSI Divergence Detection 🚀 What Does This Indicator Do? RSI Divergence is a real-time divergence detection tool that helps traders identify bullish and bearish divergences between price and the Relative Strength Index (RSI). Unlike traditional RSI-based indicators, this script offers: ✅ Real-time detection – No need to wait for bar closes or repainting. ✅ Dynamic time-frame adaptation – The script automatically adjusts RSI settings based on the selected chart time frame. ✅ Multi-layered divergence analysis – Supports short-term, medium-term, and long-term divergence detection with an optional all-term mode that dynamically selects the best configuration. 🛠 How Does It Work? Pivot-Based Divergence Detection: The script analyzes pivot points on both price and RSI to determine valid divergences. Bullish divergence occurs when price forms a lower low but RSI trends higher, indicating potential upward momentum. Bearish divergence occurs when price forms a higher high but RSI trends lower, signaling possible weakness. Adaptive RSI Calculation: The RSI length is dynamically adjusted based on the chosen time frame: Short-Term: RSI (7) for 1-5 min charts. Medium-Term: RSI (14) for 15-60 min charts. Long-Term: RSI (28) for 4H+ charts. In All-Term Mode, the script automatically determines the best RSI length based on the active chart timeframe. Smart Visualization & Alerts: Bullish divergences are marked with green lines & labels. Bearish divergences are highlighted in red. Users can customize symbol size, divergence labels, and colors. Instant alerts notify traders as soon as a divergence is detected. 🎯 How to Use This Indicator? 📌 For Trend Reversals: Look for bullish divergences at key support levels and bearish divergences at resistance zones. 📌 For Trend Continuation: Combine divergence signals with moving averages, volume analysis, or price action strategies to confirm trades. 📌 For Scalping & Swing Trading: Adjust the time-frame settings to match your trading style. 🏆 What Makes This Indicator Original? 🔹 Unlike standard RSI divergence indicators, this script features real-time analysis with no repainting, allowing for instant trading decisions. 🔹 The time-frame adaptive RSI makes it dynamic and suitable for any market condition. 🔹 The multi-term divergence detection offers flexibility, giving traders a precise view of both short-term & long-term market structure. ⚠ Note: No indicator guarantees 100% accuracy. Always use additional confirmations and sound risk management strategies. If you find this tool useful, don’t forget to support & share! 🚀
Pine Script™ indicator
by ugurtash
Dynamic 50% Indicator of the selected range!This is a indicator which shows you the 50% level of the selected timeframe range. This is a good tool because price tends to bounce of of 50% levels. Introducing the 50% Range Level Indicator, designed for traders who seek accuracy and strategic insights in their market analysis. This tool calculates and visually displays the midpoint (50% level) of any selected price range, helping you identify key equilibrium zones where price action often reacts. Why Use This Indicator? Key Market Equilibrium – The 50% level is a crucial reference point where price often consolidates, reverses, or gathers momentum. Custom Range Selection – Simply select your desired price range, and the indicator will dynamically plot the midpoint. Enhance Your Trading Strategy – Use it for support & resistance confirmation, retracement analysis, or confluence with other indicators. Works on All Timeframes & Assets – Suitable for stocks, forex, crypto, and indices. Gain an Edge in the Market Whether you’re a day trader, swing trader, or long-term investor, the 50% Range Level Indicator can enhance your technical analysis and decision-making.
Pine Script™ indicator
by APKOTrading_Sem
Stock ETF Tracker 2.0The Stock Sector ETF tracker with Indicators is a versatile tool designed to track the performance of sector-specific ETFs relative to the current asset. It automatically identifies the sector of the underlying symbol and displays the corresponding ETF’s price action alongside key technical indicators. This helps traders analyze sector trends and correlations in real time. --- Key Features Automatic Sector Detection: Fetches the sector of the current asset (e.g., "Technology" for AAPL). Maps the sector to a user-defined ETF (default: SPDR sector ETFs) . Technical Indicators: Simple Moving Average (SMA): Tracks the ETF’s trend. Bollinger Bands: Highlights volatility and potential reversals. Donchian High (52-Week High): Identifies long-term resistance levels. SPY Regime Filter: Red background color if SP500 is below 200 day SMA. Customizable Inputs: Adjust indicator parameters (length, visibility). Override default ETFs for specific sectors. Informative Table: Displays the current sector and ETF symbol in the bottom-right corner. --- Input Settings SMA Settings SMA Length: Period for calculating the Simple Moving Average (default: 200). Show SMA: Toggle visibility of the SMA line. Bollinger Bands Settings BB Length: Period for Bollinger Bands calculation (default: 20). BB Multiplier: Standard deviation multiplier (default: 2.0). Show Bollinger Bands: Toggle visibility of the bands. Donchian High (52-Week High) Daily High Length: Days used to calculate the high (default: 252, approx. 1 year). Show High: Toggle visibility of the 52-week high line. Sector Selections Customize ETFs for each sector (e.g., replace XLU with another utilities ETF). --- Example Use Cases Trend Analysis: Compare a stock’s price action to its sector ETF’s SMA for trend confirmation. Volatility Signals: Use Bollinger Bands to spot ETF price squeezes or breakouts. Sector Strength: Monitor if the ETF is approaching its 52-week high to gauge sector momentum. Enjoy tracking sector trends with ease! 🚀
Pine Script™ indicator
by piirsalu
Killzone Session Lines [odnac]This Pine Script indicator displays vertical lines marking the start of key market sessions, known as Killzones, for both today and yesterday. These lines help traders identify important trading hours for the Asia, Europe, and New York sessions. Killzone Vertical Lines: Draws vertical lines for the start of the Asia, Europe, and New York sessions. Displays lines for both today and the previous day to compare price action across sessions. Customizable Time Settings: Users can set the exact start hour and minute for each Killzone. Time zones adjust automatically based on the chart's time zone. Visual Customization: Change the color, width, and style of the vertical lines (solid, dotted, dashed). Toggle each session's lines individually for a cleaner chart. Previous Start Lines: Optional lines for the opening of today, the previous day, and the previous week, providing historical context for support and resistance levels. Why Use This Indicator? Session Awareness: Know exactly when major market sessions start to identify potential volatility spikes. Historical Context: Compare today’s price action with previous sessions to spot recurring patterns. Clean Charting: Automatic updates prevent clutter, keeping your workspace organized. Flexible Customization: Tailor the display to fit your trading style and preferences.
Pine Script™ indicator
by odnac
Trading Sessions Highs/Lows | InvrsROBINHOODTrading Sessions Highs/Lows | InvrsROBINHOOD 🚀 A powerful indicator for tracking key trading sessions and the highs and lows of each session! 📌 Description The Trading Sessions Highs/Lows indicator visually marks the most critical trading sessions—Asia, London, and New York—using small colored dots at the bottom of the candle. It also tracks and plots the highs and lows of each session, along with the Daily Open and Weekly Open levels. This tool is designed to help traders identify session-based liquidity zones, price reactions, and potential trade setups with minimal chart clutter. Key Features: ✅ Session markers (Asia, London, NY AM, NY Lunch, NY PM) plotted as small dots ✅ Plots session highs and lows for market structure insights ✅ Daily Open line for intraday reference ✅ Weekly Open line for higher timeframe bias ✅ Alerts for session high/low breaks to capture momentum shifts ✅ User-defined UTC offset for global traders ✅ Customizable session colors for personal preference 📖 How to Use the Indicator 1️⃣ Understanding the Sessions Asia Session (Yellow Dot) → Marks liquidity buildup & pre-London moves London Session (Blue Dot) → Strong volatility, breakout opportunities New York AM Session (Green Dot) → Major trends & institutional participation New York Lunch (Red Dot) → Low volume, ranging market New York PM Session (Dark Green Dot) → End-of-day movements & reversals 2️⃣ Session Highs & Lows for Market Structure Session Highs can act as resistance or breakout points. Session Lows can act as support or stop-hunt zones. Break of a session high/low with volume may indicate continuation or reversal. 3️⃣ Using the Daily & Weekly Open The Daily Open (Black Line) helps gauge the intraday trend. Above Daily Open → Bearish Bias Below Daily Open → Bullish Bias The Weekly Open (Red Line) sets the higher timeframe directional bias. 4️⃣ Alerts for Breakouts The indicator will trigger alerts when price breaks session highs or lows. Useful for setting stop-losses, breakout trades, and risk management. 💡 Why This Indicator is Important for Beginners 1️⃣ Avoids Overtrading: Many beginners trade in low-volume periods (NY Lunch, Asia session) and get stuck in choppy price action. This indicator highlights when volatility is high so traders focus on better opportunities. 2️⃣ Session-Based Liquidity Traps: Market makers often run stops at session highs/lows before reversing. Watching session breaks prevents traders from falling into liquidity grabs. 3️⃣ Reduces Emotional Trading: If price is above the Daily Open, a beginner shouldn’t look for shorts. If price is below a key session low, it may signal a fake breakout. 4️⃣ Aligns with Institutional Trading: Smart money traders use session highs/lows to set stop hunts & reversals. Beginners can use this indicator to spot these zones before entering trades. 🛡️ How to Mitigate Risk with This Indicator ✅ Wait for Confirmations – Don’t trade blindly at session highs/lows. Look for wicks, rejections, or break/retests. ✅ Use Stop-Loss Above/Below Session Levels – If you’re going long, set SL below a session low. If short, set SL above a session high. ✅ Watch Volume & News Events – Breakouts without strong volume or news may be fake moves. ✅ Combine with Other Strategies – Use price action, trendlines, or EMAs with this indicator for higher probability trades. ✅ Use the Weekly Open for Trend Bias – If price stays below the Weekly Open, avoid bullish setups unless key support holds. 🎯 Who is This Indicator For? 📌 Beginners who need clear session-based trading levels. 📌 Day traders & scalpers looking to refine their intraday setups. 📌 Smart money traders using liquidity concepts. 📌 Swing traders tracking higher timeframe momentum shifts. 🚀 Final Thoughts This indicator is an essential tool for traders who want to understand market structure, liquidity, and volatility cycles. Whether you’re trading forex, stocks, or crypto, it helps you stay on the right side of the market and avoid unnecessary risks. 🔹 Set it up, customize your colors, define your UTC offset, and start trading smarter today! 🏆📈
Pine Script™ indicator
by InvrsROBINHOOD
Cryptolabs Global Liquidity Cycle Momentum IndicatorCryptolabs Global Liquidity Cycle Momentum Indicator (LMI-BTC) This open-source indicator combines global central bank liquidity data with Bitcoin price movements to identify medium- to long-term market cycles and momentum phases. It is designed for traders who want to incorporate macroeconomic factors into their Bitcoin analysis. How It Works The script calculates a Liquidity Index using balance sheet data from four central banks (USA: ECONOMICS:USCBBS, Japan: FRED:JPNASSETS, China: ECONOMICS:CNCBBS, EU: FRED:ECBASSETSW), augmented by the Dollar Index (TVC:DXY) and Chinese 10-year bond yields (TVC:CN10Y). This index is: - Logarithmically scaled (math.log) to better represent large values like central bank balances and Bitcoin prices. - Normalized over a 50-period range to balance fluctuations between minimum and maximum values. - Compared to prior-year values, with the number of bars dynamically adjusted based on the timeframe (e.g., 252 for 1D, 52 for 1W), to compute percentage changes. The liquidity change is analyzed using a Chande Momentum Oscillator (CMO) (period: 24) to measure momentum trends. A Weighted Moving Average (WMA) (period: 10) acts as a signal line. The Bitcoin price is also plotted logarithmically to highlight parallels with liquidity cycles. Usage Traders can use the indicator to: - Identify global liquidity cycles influencing Bitcoin price trends, such as expansive or restrictive monetary policies. - Detect momentum phases: Values above 50 suggest overbought conditions, below -50 indicate oversold conditions. - Anticipate trend reversals by observing CMO crossovers with the signal line. It performs best on higher timeframes like daily (1D) or weekly (1W) charts. The visualization includes: - CMO line (green > 50, red < -50, blue neutral), signal line (white), Bitcoin price (gray). - Horizontal lines at 50, 0, and -50 for improved readability. Originality This indicator stands out from other momentum tools like RSI or basic price analysis due to: - Unique Data Integration: Combines four central bank datasets, DXY, and CN10Y as macroeconomic proxies for Bitcoin. - Dynamic Prior-Year Analysis: Calculates liquidity changes relative to historical values, adjustable by timeframe. - Logarithmic Normalization: Enhances visibility of extreme values, critical for cryptocurrencies and macro data. This combination offers a rare perspective on the interplay between global liquidity and Bitcoin, unavailable in other open-source scripts. Settings - CMO Period: Default 24, adjustable for faster/slower signals. - Signal WMA: Default 10, for smoothing the CMO line. - Normalization Window: Default 50 periods, customizable. Users can modify these parameters in the Pine Editor to tailor the indicator to their strategy. Note This script is designed for medium- to long-term analysis, not scalping. For optimal results, combine it with additional analyses (e.g., on-chain data, support/resistance levels). It does not guarantee profits but supports informed decisions based on macroeconomic trends. Data Sources - Bitcoin: INDEX:BTCUSD - Liquidity: ECONOMICS:USCBBS, FRED:JPNASSETS, ECONOMICS:CNCBBS, FRED:ECBASSETSW - Additional: TVC:DXY, TVC:CN10Y
Pine Script™ indicator
by Cryptolabs_Schweiz
MY MADAM DIOR 2022This indicator focuses on detecting RBR and DBD patterns, which signify periods of increased momentum and potential continuation or reversal of the prevailing trend. The RBR pattern consists of a rally (upward movement), followed by a base (consolidation or retracement), and then another rally. It suggests that the upward momentum may persist and provide trading opportunities. On the other hand, the DBD pattern comprises a drop (downward movement), followed by a base, and then another drop. It indicates that the downward momentum might continue, offering potential shorting opportunities. Bullish(RBR) Bearish(DBD) 1. The bullish (RBR) and bearish (DBD) patterns share the same underlying logic, only differing in their directionality. 2. For both RBR and DBD patterns, the first rise/drop can consist of one or multiple candles. However, in the case of multiple candles, all candles must exhibit a bullish nature for RBR and a bearish nature for DBD. 3. It is a prerequisite for the first rise/drop to include at least one candle with a defined percentage of health, as determined by the user. 4. The base, following the first rise/drop, may comprise one or multiple candles. 5. To maintain consistency, the base is not allowed to retrace beyond 80%, although this value can be adjusted by the user. 6. Similar to the first rise/drop, the second rise/drop in both RBR and DBD patterns can consist of one or multiple candles. However, all candles within this phase must demonstrate a bullish nature for RBR and a bearish nature for DBD. 7. Confirmation of the bullish (RBR) pattern occurs when a candle closes above the high of the first rise. Conversely, the bearish (DBD) pattern is confirmed when a candle closes below the low of the first drop. Alerts can be set for all bullish and bearish pattern or for the first pattern in the range of similar pattern.
Pine Script™ indicator
by MYMADAMDIOR