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Moving Averages

Supply/Demand Zones (Synthetic SMA Candles)Supply/Demand Zones (Synthetic SMA Candles) Created by The_Forex_Steward This indicator highlights institutional-style supply and demand zones using synthetic SMA-based candles rather than raw price data. It provides a smoother, more refined view of price action to help identify key imbalance areas where price is likely to react. Features: - Uses SMA-smoothed synthetic candles to detect bullish and bearish engulfing structures - Draws demand zones after bullish breakouts and supply zones after bearish breakouts - Zones are persistent for a customizable number of bars - Mitigated zones can optionally be removed from the chart - Includes alerts for breakout and mitigation events - Optional plotting of synthetic candles over price for visual clarity How It Works: When a synthetic candle closes above the high of a previous bearish candle, a bullish engulfing is detected, and a demand zone is created from that bearish candle’s high and low. Conversely, when price closes below the low of a previous bullish candle, a supply zone is formed. These zones stay on the chart for the user-defined duration or until they are mitigated by price, at which point they can be removed automatically. How to Use: - Adjust the SMA Length to control how smooth the synthetic candles appear - Enable or disable Show Supply Zones and Show Demand Zones as needed - Set the Zone Duration to control how long each zone persists - Use Delete Mitigated Zones to automatically remove zones when price returns to them - Optionally enable Show Synthetic SMA Candles to see the candle logic used in detection - Use the built-in alerts to stay notified of new zone creation or mitigation Note: This tool is most effective when combined with structure or trend-based strategies for confirmation.
Pine Script® indicator
by The_Forex_Steward
2
Professional Breakout ChecklistThe " Professional Breakout Checklist Indicator " designed to automate and visually represent the stringent criteria for high-probability breakout trade entries. This indicator transforms a manual checklist into a dynamic, chart-based system, leveraging TradingView's robust charting and custom indicator capabilities . At its core, the indicator systematically identifies consolidation phases, which are crucial precursors to genuine breakouts. It achieves this by calculating the range of price action over a user-defined lookback period and comparing it to a multiple of the Average True Range (ATR), a measure of market volatility. When price tightens within this calculated range, the indicator visually shades the consolidation zone on the chart, signaling potential accumulation or distribution. For a breakout to be considered valid, the indicator demands specific volume and volatility confirmation. It calculates the average volume over a set period and only triggers a signal if the breakout candle's volume significantly exceeds this average—specifically, 1.5 times the mean volume. This ensures that the price movement has strong conviction and institutional interest behind it, filtering out weak or false breakouts. The breakout trigger mechanism is precise, requiring the breakout candle to close not just beyond the detected support or resistance, but by a user-specified number of "clearance ticks." This addresses the need to avoid noise and confirm the true breach of a level. Upon a confirmed breakout, the indicator immediately calculates and plots a suggested risk-reward setup. This includes a stop-loss level, derived from the ATR, and a take-profit target that adheres to a minimum 2:1 reward-to-risk ratio. These visual cues assist traders in defining their risk exposure and potential gains before entry. Furthermore, the indicator integrates crucial market context by offering an optional trend filter, typically a 50-period Exponential Moving Average (EMA). This ensures that breakout signals align with the broader market direction, enhancing probability. Beyond these core checklist items, the indicator incorporates professional enhancements. It provides an option to wait for retest confirmation, a strategy often employed by seasoned traders where price retests the breakout level before continuing its move, offering a potentially safer entry point. Additionally, a false breakout filter assesses the quality of the breakout candle, prioritizing those with strong bodies and minimal wicks, which are less likely to be "trap" moves. The indicator is displayed directly on the chart, using visual cues such as shaded consolidation boxes, distinct shapes for bullish/bearish entry signals, and plotted lines for stop-loss and take-profit targets. Its design enables traders to efficiently analyze setups, confirm adherence to their trading plan, and receive timely alerts for potential opportunities, streamlining the decision-making process within the dynamic trading environment of TradingView
Pine Script® indicator
by cheekhimself
Triple MA RS ConfluenceThis script evaluates relative strength confluence by comparing the ratio of an asset to a benchmark (e.g., Asset/SPY) against three configurable moving averages (MA #1, MA #2, MA #3). Each bar is color-coded based on RS position relative to the MAs: Lime Green — RS > all three MAs (full confluence) Yellow — RS > MA #2 and MA #3, but ≤ MA #1 (partial confluence) Red — RS ≤ MA #2 (no confluence) Designed for systematic trend identification, this tool helps visually confirm RS alignment across short-, medium-, and long-term conditions. Inputs include adjustable MA lengths and types (EMA/SMA), benchmark symbol, and visual toggles for confluence state changes. Pairs well with multi-timeframe RS strategies or clustered MA compression filters.
Pine Script® indicator
by kondor_trades
Zero Lag Trend Strategy (MTF)🧠 Strategy Overview The Zero Lag Trend Signals Strategy (MTF) is a high-precision, multi-timeframe trend-following system designed for traders seeking early trend entries and intelligent exits. Built around ZLEMA-based signal detection, based on the original indicator Zero Lag Trend Signals (MTF) from AlgoAlpha, now built as a strategy with several improvements for Exit Criteria include RR, ATR Stop Loss, Trailing stop loss, etc. See below. This momentum strategy works much better for higher timeframes, typically 4 hours or higher. This particular combination only contains 57 trades because this captures larger trend moves. The dataset contains realistic commission and slippage. You can try to run this on a smaller timeframe, but you will need to try different combinations of length, band multiplier, risk-reward ratios, and other stop loss criteria. 🔍 Key Components 1️⃣ ZLEMA Trend Engine ZLEMA (Zero-Lag EMA) forms the foundation of the trend signal system. Detects bullish and bearish momentum by analyzing price action crossing custom ZLEMA bands. Optional confirmation using 5-bar ZLEMA slope filters (up/down trends) ensures high-conviction entries. 2️⃣ Volatility-Based Signal Bands Dynamic bands are calculated using ATR (volatility) stretched over 3× period length. These bands define entry zones (outside the bands) and trend strength. Price crossing above/below the bands triggers trend change detection. 3️⃣ Entry Logic Primary long entries occur when price crosses above the upper ZLEMA band. Short entries (optional) trigger on downside cross under the lower band. Re-entry logic allows continuation trades during strong trends. Filters include date range, ZLEMA confirmation, and previous position state. 4️⃣ Exit Logic & Risk Management Supports multiple customizable exit mechanisms: 🔺 Stop-Loss & Take-Profit ATR-Based SL/TP: Uses ATR multipliers to dynamically set levels based on volatility. Fixed Risk-Reward TP: Targets profit based on predefined RR ratios. Break-Even Logic: Automatically moves SL to entry once a threshold RR is hit. EMA Exit: Optional trailing exit based on price vs. short EMA. 🔀 Trailing Stop Follows price action using a trailing ATR-based buffer that tightens with trend movement. 🔁 Trend-Based Exit Automatically closes positions when the detected trend reverses. 5️⃣ Multi-Option Trade Filtering Enable/disable short trades, ZLEMA confirmations, re-entries, etc. Time-based backtesting filters for isolating performance within custom periods. 6️⃣ Visual Feedback & Annotations Trend shading overlays: Green for bullish, red for bearish zones. Up/Down triangle markers show when ZLEMA is rising/falling for 5 bars. Stop-loss, TP, trailing lines drawn dynamically on the chart. Floating stats table displays live performance (PnL, win %, GOA, drawdown, etc.). Trade log labels annotate closed trades with entry/exit, duration, and reason. 7️⃣ CSV Export Integration Seamless export of trade data including: Entry/exit prices Bars held Encoded exit reasons Enables post-processing or integration with external optimizers. ⚙️ Configurable Parameters All key elements are customizable: Entry band length and multiplier ATR lengths, multipliers, TP/SL, trailing stop, break-even Profit target RR ratio Toggle switches for confirmations, trade types, and exit methods
Pine Script® strategy
by Quant_Trading_Pro
Fibo_Ma with Toggleable 200 EMA FilterPlease keep in mind, I use this indicator most with my TV_ MCDX. If you use it in lower Timeframe like 15sec, 1min, use a Higher Background Timeframe like 15min or 1H 📈 Fibo_Ma with Toggleable 200 EMA Filter Fibo_MA is a comprehensive multi-functional indicator designed to enhance your trend analysis, breakout detection, and signal confirmation strategy. 🔍 Core Logic Overview 📊 Background Color Highlights The script dynamically colors the chart background based on price action relative to a customizable smoothing line (smooth1). 🟩 Green background appears when the open price is above the smooth1, signaling potential bullish conditions. 🟥 Red background shows when the open price is below the smooth1, suggesting bearish pressure. 📏 200 EMA Filter A built-in 200-period Exponential Moving Average (EMA) acts as a long-term trend filter. The 200 EMA line changes color to reflect momentum: 🟢 Green when trending upward 🔴 Red when trending downward 🎯 Signal Alerts Receive buy alerts when the open crosses above smooth1. Receive sell alerts when the open crosses below smooth1. Alert conditions are filterable and customizable for precise notifications. ⚙️ Custom Features and Flexibility Choose from various moving average types for smooth1: EMA, SMA, WMA, VWMA, ALMA, SWMA, and even VWAP. Configure alert conditions for: EMA 200 crossovers with smoothing line Trend crossovers using Fibonacci-based EMA selections Breakout and breakdown formations with custom pivot logic Optional ATR and Volume filters for refining entry quality. Built-in VWAP, EMA 14 (color-coded), and multi-timeframe support for high-precision analysis. 🔔 Alerts Included ✅ Price crosses above or below smoothing line (smooth1) ✅ Breakout and breakdown patterns ✅ EMA 200 crossovers ✅ Custom trend-following EMA cross labels This script is ideal for traders who want to combine trend strength, volume confirmation, and technical breakouts with intuitive visual cues. Perfect for intraday or swing trading strategies. ℹ️ Use this tool in conjunction with your trading strategy. Always backtest before live trading.
Pine Script® indicator
by jamatou44
NA GPT - TTM Squeeze Strategy**NA GPT - TTM Squeeze Strategy**” transforms the well-known TTM Squeeze indicator into a back-testable, long-only strategy. It combines **volatility compression** (Bollinger Bands inside Keltner Channels) with **momentum confirmation** to catch powerful bullish breakouts and then trails positions with a simple 21-period moving-average stop. --- ## 1. Core Concepts & Calculations | Component | What it measures | How it works | | ---------------------- | ------------------------------------------------------------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **Squeeze State** | Volatility contraction vs. expansion | • Calculate a 20-period Bollinger Band (BB). • Calculate a 20-period Keltner Channel (KC). • **Squeeze ON** when the entire BB is *inside* the KC (narrow volatility). | | **Momentum Histogram** | Direction & strength of pressure building inside the squeeze | • Compute the midpoint of the recent high/low range and the 20-period SMA of close. • Take the price’s deviation from that blended average. • Fit a **20-period linear regression** to that deviation to produce the histogram. • Color logic: ↗ increasing green/lime for strengthening bulls, ↘ red/maroon for bears. | | **Blue-Dot Theme** | Visual cue of squeeze state | • **Navy-blue dot** = Squeeze ON (ready to pop). • **Steel-blue dot** = Squeeze just released. • **Sky-blue dot** = Neutral (no squeeze). | --- ## 2. Trade Logic | Step | Condition | Rationale | | ---------------- | ------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------- | | **Entry (Long)** | Three consecutive navy-blue dots (i.e., **3 bars with Squeeze ON in a row**) *inside the user-defined date window*. | Requires sustained volatility compression before committing capital, filtering out one-bar “fake” squeezes. | | **Exit (Flat)** | Close price **crosses below** the 21-period Simple Moving Average. | A classic trailing stop that lets profits run while cutting momentum failures. | | **Positioning** | Long-only, one trade at a time. No short sales. | Focuses on bullish breakouts, keeps strategy simple and margin-friendly. | --- ## 3. Inputs & Customisation | Input | Default | Purpose | | -------------------------- | ------------------------ | ---------------------------------------------- | | **BB Length / Multiplier** | 20 / 2.0 | Adjust sensitivity of Bollinger Bands. | | **KC Length / Multiplier** | 20 / 1.5 | Adjust Keltner Channel width. | | **Use True Range (KC)** | ✔ | Pick *True Range* vs. *High-Low* for KC width. | | **Trade Window** | 1 Jan 2022 → 31 Dec 2069 | Back-test only the period you care about. | | **Commission** | 0.01 % | Embedded in `strategy()` header. | | **Slippage (Ticks)** | 3 | Models real-world order fill uncertainty. | --- ## 4. Visual Outputs * **Momentum Histogram** (green / lime / red / maroon). * **Zero Line** colored by squeeze state (blue / dark navy / grey). * **Blue-Dot Row** at the chart bottom showing squeeze timing. The visuals are **identical** to the original indicator, letting you correlate back-test trades with familiar chart cues. --- ## 5. How to Use 1. **Add to chart**, choose your symbol & timeframe (works on anything from 1-minute to weekly). 2. **Tune the BB/KC/ATR settings** to match instrument volatility. 3. **Adjust the date window** for focused walk-forward testing. 4. Run the “**Strategy Tester**” to inspect historical performance, P\&L; curves, drawdowns, and trade list. 5. Use the plotted dots & histogram to visually validate why each trade fired. 6. Combine with your own risk-management (position sizing, portfolio filters, etc.) before going live. --- ## 6. Practical Notes * Designed for educational/back-testing purposes—**not financial advice**. * Long-only by design; add your own short logic if desired. * Because exits rely on the 21-SMA, extremely low-volume instruments or illiquid intraday timeframes may experience wider drawdowns. * Commission/slippage values are easily editable in the first line of the script.
Pine Script® strategy
by n-a-
Vortex Pivot Strategy (VPS)Strategy Overview: This custom indicator is designed around a powerful contrarian trading philosophy: capitalize on market-wide pessimism among both short-term and mid-term traders, and enter positions at historically high-probability bounce zones using pivot levels. The setup combines three core ideas: A clear downtrend structure, where short- and mid-term participants are in loss. Entry at S3 pivot support, which statistically represents extreme oversold zones. A quick, rational exit at the central pivot level, minimizing holding time and maximizing reward-to-risk efficiency. 📈 Conditions for Entry (Buy Setup): 50-day SMA above 20-day SMA, which is above the current price. This sequence implies that mid-term traders (50-day SMA) are in loss, short-term traders (20-day SMA) are in loss, and price has dropped below both — indicating peak pessimism and fear. Price must touch or dip below the S3 pivot level (from the Pivot Points Standard - Weekly). S3 is considered an extreme support zone. When price touches it while the SMA structure confirms maximum bearish sentiment, it sets up a high-probability bounce scenario. 🎯 Exit Strategy (Target): The central Pivot Point (P) becomes your exit level. Since the price is entering from a deeply oversold region, a reversion to the weekly pivot is statistically probable. This ensures the trade remains quick, directional, and avoids greed-based exits. 💡 Why This Works (Psychology & Edge): This is a player-versus-player game. When you buy during a setup like this, you're essentially buying when the majority of active traders are in pain: Mid-term traders (50 SMA) are holding positions at higher levels — they’re sitting in drawdown. Short-term traders (20 SMA) are also underwater. Panic is widespread. Volume dries up. Selling is largely exhausted. Meanwhile, you're entering a fundamentally strong stock at a deeply discounted price, and aiming for a modest reversion — not an unrealistic uptrend continuation. That gives you both psychological and statistical edge. You're not trying to predict a reversal — you're positioning against fear and riding the natural bounce that follows. 🔧 How to Use This Indicator: Add this indicator to a Daily timeframe chart of fundamentally strong stocks (you should do your own fundamental screening). Wait for the condition: SMA stack = 50 > 20 > Price AND price touches S3. The script will automatically draw a horizontal line at the entry (S3) and the target (Pivot). Once triggered, take the trade and exit around the Pivot level. Optional: you can use manual averaging or position sizing based on your risk strategy since fundamentally strong stocks typically revert over time.
Pine Script® indicator
by EmonMalik
1
10 Moving AveragesHere's a comprehensive description for your TradingView indicator: # 10 Moving Averages Indicator A versatile technical analysis tool that displays 10 customizable moving averages on your chart. This indicator combines multiple types of moving averages to help traders identify trends, support/resistance levels, and potential trading opportunities. ### Features: - 10 fully customizable moving averages - Support for multiple MA types: SMA, EMA, RMA, WMA, VWMA, SMMA, HullMA, DEMA, TEMA, and VWAP - Individual color settings for each moving average - Adjustable source data and length for each MA - Default configuration optimized for trend analysis: - MA1-5: EMAs (10, 20, 30, 50, 100) - MA6-10: SMAs (150, 200, 250, 300, 350) ### Available Moving Average Types: - SMA (Simple Moving Average) - EMA (Exponential Moving Average) - RMA (Rolling Moving Average) - WMA (Weighted Moving Average) - VWMA (Volume Weighted Moving Average) - SMMA (Smoothed Moving Average) - HullMA (Hull Moving Average) - DEMA (Double Exponential Moving Average) - TEMA (Triple Exponential Moving Average) - VWAP (Volume Weighted Average Price) ### Usage: This indicator is particularly useful for: - Multiple timeframe analysis - Trend identification - Support and resistance levels - Price action confirmation - Trading strategy development ### Customization: Each moving average can be individually customized with: - Source data (close, open, high, low, hl2, hlc3, ohlc4) - MA type - Length - Color ### Note: The default color scheme follows a rainbow pattern for easy visual distinction, starting with red for the fastest MA and ending with gray for the slowest MA. Feel free to adjust the settings to match your trading strategy and preferences.
Pine Script® indicator
by K0V4L
CHN TAB# CHN TAB - Technical Analysis Bot ## Overview The TAB (Technical Analysis Bot) indicator is a comprehensive trading signal system that combines Simple Moving Average (SMA) crossovers with MACD momentum analysis to identify high-probability entry and exit points. This indicator provides both immediate and delayed signal detection with built-in risk management through automatic Take Profit (TP) and Stop Loss (SL) calculations. ## Key Features - **Dual Signal Detection**: Combines SMA(50) price action with MACD momentum - **Smart Signal Timing**: Offers both immediate and delayed signal recognition - **Automatic Risk Management**: Calculates TP and SL levels using ATR (Average True Range) - **Visual Feedback**: Color-coded candles and filled zones for easy identification - **Comprehensive Alerts**: Three distinct alert conditions for different trading needs ## How It Works ### Buy Signals **Immediate Buy Signal:** - Price crosses above SMA(50) (open < SMA50 and close > SMA50) - MACD crosses above zero line simultaneously **Delayed Buy Signal:** - Previous candle crossed above SMA(50) - Previous MACD was ≤ 0, current MACD > 0 - Current candle remains above SMA(50) ### Sell Signals **Immediate Sell Signal:** - Price crosses below SMA(50) (open > SMA50 and close < SMA50) - MACD crosses below zero line simultaneously **Delayed Sell Signal:** - Previous candle crossed below SMA(50) - Previous MACD was ≥ 0, current MACD < 0 - Current candle remains below SMA(50) ### Risk Management - **Take Profit**: Entry price ± 1.0 × ATR(14) - **Stop Loss**: Entry price ± 1.5 × ATR(14) - **Risk-Reward Ratio**: Automatic 1:1.5 setup ## Visual Elements - **Green Candles**: Buy signal triggered - **Red Candles**: Sell signal triggered - **Orange Line**: Entry price level (displayed for 10 bars) - **Green Fill**: Take profit zone - **Red Fill**: Stop loss zone ## Alert System 1. **TAB Buy Signal**: Triggers only on buy signals 2. **TAB Sell Signal**: Triggers only on sell signals 3. **TAB Buy & Sell Signal**: Triggers on any signal (buy or sell) ## Best Practices - Use on trending markets for better signal quality - Combine with higher timeframe analysis for confirmation - Consider market volatility when interpreting ATR-based levels - Backtest on your preferred timeframes before live trading ## Technical Parameters - **SMA Period**: 50 - **MACD Settings**: 12, 26, 9 (Fast, Slow, Signal) - **ATR Period**: 14 - **Signal Display**: 10 bars duration ## Timeframe Recommendations - Works on all timeframes - Best performance on 15M, 1H, and 4H charts - Higher timeframes provide more reliable signals ## Risk Disclaimer This indicator is for educational and informational purposes only. Trading involves substantial risk of loss and is not suitable for all investors. Past performance does not guarantee future results. Always conduct your own analysis and consider your risk tolerance before making trading decisions. --- **Version**: 6.0 **Overlay**: Yes **Category**: Trend Following, Momentum **Suitable For**: Forex, Stocks, Crypto, Commodities
Pine Script® indicator
by CHNTeam
Trend ShaderThis simple but useful indicator automatically detects whether you’re on a 1 minute, 5 minute, or 15 minute chart (with sensible, pre-tuned EMA settings), and shades the chart background green when the trend is bullish, or red when it’s bearish. On any other timeframe it falls back to user-specified “manual” EMA lengths. The short and long EMA lengths are configurable on all timeframes. Really useful when you want to trade in the direction of the overall trend. The color doesn't change until the trend is confirmed by a reasonable number of bars in the same direction so it doesn't just flip-flop with market noise. The confirmation bar count for each timeframe is also configurable.
Pine Script® indicator
by The_Collector2
Money NoodleMoney Noodle Indicator - How It Works The Money Noodle indicator is a trend-following and support/resistance tool that combines multiple exponential moving averages (EMAs) with dynamic volatility-based bands to create a comprehensive trading system. Core Components 1. Triple EMA System ("The Noodles") Fast EMA (12): Most responsive to price changes, shows short-term momentum Medium EMA (21): Intermediate trend direction Slow EMA (35): Main trend line that acts as the central reference point The "noodle" effect comes from how these three EMAs weave around each other and the price action, creating curved, flowing lines that resemble noodles. 2. Dynamic Volatility Bands Upper Band: Main EMA + (ATR × Band Multiplier) Lower Band: Main EMA - (ATR × Band Multiplier) Uses a 20-period ATR (Average True Range) to measure market volatility Band width automatically adjusts - wider during volatile periods, tighter during consolidation How It Functions Trend Identification: When all three EMAs are aligned (fast > medium > slow), it indicates a strong uptrend When EMAs are inverted (fast < medium < slow), it signals a downtrend EMA crossovers provide early trend change signals Support & Resistance: The bands act as dynamic support and resistance levels Price tends to bounce off the bands during trending markets Band breaks often signal strong momentum moves or trend changes Volatility Assessment: Band width indicates market volatility - wider bands = higher volatility ATR-based calculation makes the bands adaptive to current market conditions The 0.0125 multiplier provides optimal sensitivity for most timeframes Trading Applications Entry Signals: Buy when price bounces off the lower band with EMA alignment Sell when price bounces off the upper band against the trend Breakout trades when price decisively breaks through bands Trend Following: Use the main EMA (35) as your trend filter Trade in the direction of EMA alignment The "noodles" help identify trend strength - tighter = stronger trend Risk Management: Bands provide natural stop-loss levels Band width helps size positions (wider bands = smaller size due to higher volatility) The indicator works best on daily timeframes and provides a visual, intuitive way to read market structure, trend direction, and volatility all in one tool.
Pine Script® indicator
by Angelo0x
One Line RuleOne Line Rule – Momentum-Based EMA Signal Indicator The One Line Rule is a precision tool that combines market momentum with volume confirmation, built around a single, dynamic trend line. This line is the average of the EMA 22 and EMA 200, providing a balanced view of short- and long-term trend bias. 🧠 How It Works: Trend Line Color: 🟢 Green: Bullish momentum (EMA 22 above EMA 200) 🔴 Red: Bearish momentum (EMA 22 below EMA 200) ⚪ Gray: Neutral momentum (sideways movement within a small threshold) Signal Logic: ✅ Buy Signal: When price crosses above the line from below on high volume (momentum must be bullish) ❌ Sell Signal: When price crosses below the line from above on high volume (momentum must be bearish) 🔇 No signals are generated during neutral (gray) phases to avoid noise Smoothing: Optional smoothing of the line to better capture trend structure Volume Filter: Customizable volume threshold ensures signals only trigger during significant moves
Pine Script® indicator
by Es-Sniper
Vortex Pivot IndicatorVortex Pivot Points Indicator (VPS) Buy when most traders give up. Exit when price resets. What is this indicator about? This is a swing trading indicator designed to help you enter when most traders are stuck in losses — and exit when price bounces back. It works by combining weekly Pivot Points with a smart filter using moving averages. The system waits until all the right conditions are met — and only then, if price touches the S3 support level, it's a buy signal. You then exit when price reaches the Pivot Point from that same setup week. Psychology Behind the Setup: The whole idea is based on trader positioning and market psychology. We use two moving averages: 1) The 50-day moving average reflects the mid-term traders average buy price. 2) The 20-day moving average reflects the short-term traders average buy price. 3) When the 50-day is at the top, followed by the 20-day, and the price is below both, it means: i) Most Mid-term traders are in loss ii) Most Short-term traders are also in loss The market is in a deep pessimistic phase This is the moment when weak hands give up — and smart swing traders can step in. Our exit happens at the Pivot Point from the same week as the S3 entry — keeping the trade clean and focused on that specific setup. 🛠 How to Use This Indicator This indicator automatically checks all conditions and shows the S3 and Pivot Point only when everything aligns. That means fewer signals — but higher quality. ⚙️ Must-Use Settings: Check “Lower time frame for condition” ✅ Lower Time Frame: 1 Day Pivot Type: Fibonacci Pivot Time Frame: Weekly Number of Pivots Back: 200 Color Settings: Customize as per your style - Use daily candlestick chart 📈 Strategy Logic Buy when price touches the S3 line and all moving average conditions are met (sometimes indicator might glitch and you will have to check if SMA conditions are being met at the time of buying yourself, happens 1% of the time) You can average based on your own understanding Exit when price hits the Pivot Point from the same week as the S3 entry No stop loss — stay patient as long as it takes (since we use this only on quality stocks) Sometimes the bounce is quick. Other times it might take a few weeks. Either way, we wait until price resets. ✅ Summary You’re buying when others are losing. You’re exiting when the dust settles.
Pine Script® indicator
by EmonMalik