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Higher Time Frame Support/Resistance [BigBeluga]The Higher Time Frame Support/Resistance indicator is a tool designed to display pivot points derived from higher timeframes on your current chart. These pivot points are calculated based on the highs and lows of price action in different timeframes, and the indicator draws horizontal lines to represent these levels. These lines act as potential support and resistance zones, giving traders key market levels that may influence future price movement. Each pivot line is color-coded and labeled with its price value and the timeframe it originates from. This allows traders to clearly differentiate between the significance of the levels based on their timeframe. For example, weekly pivot levels may represent stronger, more long-term support and resistance, while hourly pivots offer more immediate, short-term levels to watch. 🔵 IDEA The Higher Time Frame Support/Resistance indicator is designed to simplify the process of tracking key support and resistance levels across multiple timeframes. Pivot points, which represent turning points in the market, are essential for identifying areas where price might reverse or break out. By displaying these levels from higher timeframes directly on the current chart, traders can quickly identify and react to critical areas in the market without needing to switch between different timeframe charts. The indicator labels each pivot point with the specific timeframe it comes from (e.g., 4H, 1D, 1W), making it easy for traders to assess the relative strength of each level. Stronger levels from higher timeframes are likely to act as more significant barriers or support zones, while lower timeframe levels can be used for more precise entries and exits. 🔵 KEY FEATURES Pivot Levels from Multiple Timeframes: The indicator calculates pivot highs and lows from various higher timeframes (e.g., 4H, 1D, 1W) and plots these levels on the current chart. These pivot points are represented by horizontal lines that extend across the chart, serving as potential support and resistance zones. Color-Coded Support and Resistance Lines: Each pivot level is color-coded based on its timeframe, helping traders quickly differentiate between short-term and long-term support and resistance. This visual aid simplifies the analysis and allows for a clearer understanding of key market levels. Price Labels and Timeframe Information: In addition to the pivot lines, the indicator displays labels at each level with the corresponding price and timeframe. For example, a label may show "D Pivot High" followed by the exact price. This helps traders understand the origin and significance of each line, allowing for more informed trading decisions. Labels up and down mark highs and lows from higher timeframes: Pivot Shadows for Enhanced Clarity: The indicator can also draw shadow lines that represent the pivot points but with increased transparency. These shadows allow traders to keep track of previous pivots without cluttering the chart with too many solid lines. The width and transparency of these shadows can be customized in the settings. 🔵 HOW TO USE 🔵 CUSTOMIZATION Timeframes and Pivot Length: Customize which higher timeframes (e.g., 4H, 1D, 1W) you want to display pivot levels from. Adjust the pivot length to control how sensitive the indicator is in detecting market highs and lows. Line Style and Colors: Adjust the line style (solid, dashed, dotted) and colors for each timeframe to match your personal preference or chart theme. This customization helps in maintaining a clear and visually appealing chart. Shadow Line Width and Transparency: Control the width and transparency of the shadow pivot lines to reduce chart clutter while still keeping track of key historical levels.
Pine Script™ indicator
by BigBeluga
TechnoCharts Supertrend The Supertrend Strategy with Daily Exit at 3:20 PM is a trend-following trading strategy that uses the Supertrend indicator to generate buy and sell signals based on the direction of the trend. Here’s a quick summary of its key elements: 1. Supertrend Indicator The Supertrend is calculated using the Average True Range (ATR), which is a volatility indicator. A multiplier (typically set to 3) is applied to the ATR to determine the threshold for trend shifts. When the price crosses above or below the calculated thresholds (up and down), the trend direction changes. ATR Period (default: 10) and ATR Multiplier (default: 3.0) are adjustable inputs. 2. Trend and Signal Logic Buy Signal: Generated when the trend shifts from down to up. Sell Signal: Generated when the trend shifts from up to down. These signals are displayed on the chart along with optional labels to highlight buy and sell points. 3. Daily Exit Condition The strategy includes a time-based exit, which closes any open positions at 3:20 PM each day. This daily exit helps avoid holding positions overnight and mitigates risk from market gaps. 4. Position Sizing The strategy uses 100% of equity for each trade by default, which is configurable. 5. Alerts Alerts are set up for buy, sell, and trend change signals, allowing traders to receive notifications when these events occur. This strategy is best suited for traders who want to follow trends during the day and avoid holding positions overnight, combining trend-following with a daily closing mechanism to manage risk.
Pine Script™ strategy
by jayneshkasliwal1
5
Supertrend @TechnoChartsThe Supertrend Strategy with Daily Exit at 3:20 PM is a trend-following trading strategy that uses the Supertrend indicator to generate buy and sell signals based on the direction of the trend. Here’s a quick summary of its key elements: 1. Supertrend Indicator The Supertrend is calculated using the Average True Range (ATR), which is a volatility indicator. A multiplier (typically set to 3) is applied to the ATR to determine the threshold for trend shifts. When the price crosses above or below the calculated thresholds (up and down), the trend direction changes. ATR Period (default: 10) and ATR Multiplier (default: 3.0) are adjustable inputs. 2. Trend and Signal Logic Buy Signal: Generated when the trend shifts from down to up. Sell Signal: Generated when the trend shifts from up to down. These signals are displayed on the chart along with optional labels to highlight buy and sell points. 3. Daily Exit Condition The strategy includes a time-based exit, which closes any open positions at 3:20 PM each day. This daily exit helps avoid holding positions overnight and mitigates risk from market gaps. 4. Position Sizing The strategy uses 100% of equity for each trade by default, which is configurable. 5. Alerts Alerts are set up for buy, sell, and trend change signals, allowing traders to receive notifications when these events occur. This strategy is best suited for traders who want to follow trends during the day and avoid holding positions overnight, combining trend-following with a daily closing mechanism to manage risk.
Pine Script™ strategy
by jayneshkasliwal1
Smoothed Heiken Ashi Trend FilterThis indicator applies the Heiken Ashi technique with added smoothing and trend filtering to help reduce noise and improve trend detection. Components of the Indicator: Heiken Ashi Calculations: Heiken Ashi Close (ha_close): This is the smoothed average of the current bar’s open, high, low, and close prices, calculated with a simple moving average (SMA) to filter out noise. Heiken Ashi Open (ha_open): This is the average of the previous Heiken Ashi Open and the current Heiken Ashi Close. It’s also initialized to smooth the transition on the first bar. Heiken Ashi High (ha_high) and Low (ha_low): These values are calculated as the highest and lowest values among the high, Heiken Ashi Open, and Heiken Ashi Close for each bar. Smoothing and Noise Reduction: Smoothing Length: The indicator applies a smoothing length to the Heiken Ashi Close, calculated with an SMA. This reduces minor fluctuations, giving a clearer view of the price action. Minimum Body Size Filter: This filter calculates the body size of each Heiken Ashi candle and compares it to a percentage of the Average True Range (ATR). Only significant candles (those with larger bodies) are plotted, reducing weak or indecisive signals. Trend Filtering with Moving Average: The indicator uses a simple moving average (SMA) as a trend filter. By comparing the Heiken Ashi Close to the moving average: Bullish Trend: The Heiken Ashi candle is green when it’s above the moving average. Bearish Trend: The Heiken Ashi candle is red when it’s below the moving average. How to Use This Indicator: Trend Identification: Green candles signify a bullish trend, while red candles signify a bearish trend. The smoothing and trend filtering make it easier to identify sustained trends and avoid reacting to short-term fluctuations. Filtering Out Noise: Minor price fluctuations and small-bodied candles (often resulting in indecisive signals) are filtered out, leaving only significant signals. Adjustable Parameters: Smoothing Length: Controls the degree of smoothing applied to the Heiken Ashi Close value. Increasing this value will make the Heiken Ashi candles smoother. Minimum Body Size: This is a percentage of the ATR, used to filter out small or indecisive candles. Trend Moving Average Length: Controls the period of the moving average used as a trend filter. This Smoothed Heiken Ashi Trend Filter indicator is useful for identifying trends and filtering out noisy signals. By smoothing and filtering, it helps traders focus on the overall trend rather than minor price movements. Let me know if there’s anything more you’d like to add or adjust!
Pine Script™ indicator
by tSageHuz
4
Enhanced Pressure MTF ScreenerEnhanced Pressure Multi-Timeframe (MTF) Screener Indicator Overview The Enhanced Pressure MTF Screener is an add-on that extends the capabilities of the Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis . It provides a clear and consolidated view of buy/sell pressure across multiple timeframes. This indicator allows traders to determine when different timeframes are synchronized in the same trend direction, which is particularly useful for making high-confidence trading decisions. Image below: is the Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis with the Enhanced Pressure MTF Screener indicator both active together. Key Features 1.Multi-Timeframe Analysis The indicator screens various predefined timeframes (from 1 week down to 10 minutes). It offers a table view that shows buy or sell ratings for each timeframe, making it easy to see which timeframes are aligned. Traders can choose which timeframes to include based on their trading strategies (e.g., higher timeframes for position trading, lower timeframes for scalping). 2.Pressure and Trend Calculation Uses Buy and Sell Pressure calculations from the Enhanced Buy/Sell Pressure indicator to determine whether buying or selling is dominant in each timeframe. By analyzing pressures on multiple timeframes, the indicator gives a comprehensive perspective of the current market sentiment. The indicator calculates whether a move is strong based on user-defined thresholds, which are displayed in the form of additional signals. 3.Heikin Ashi Option The Heikin Ashi candle type can be toggled on or off. Using Heikin Ashi helps smooth out market noise and provides a clearer indication of trend direction. This is particularly helpful for traders who want to filter out market noise and focus on the primary trend. 4.Table Customization Table Positioning: The table showing timeframe data can be positioned at different locations on the chart—top, middle, or bottom. Text and Alignment: The alignment and text size of the table can be customized for better visual clarity. Color Settings: Users can choose specific colors to indicate buying and selling pressure across timeframes, making it easy to interpret. 5.Strong Movement Indicators The screener provides an additional visual cue (🔥) for timeframes where the movement is deemed strong, based on a user-defined threshold. This helps highlight timeframes where significant buying or selling pressure is present, which could signal potential trading opportunities. How the Screener Works 1.Pressure Calculation For each selected timeframe, the indicator retrieves the Open, High, Low, and Close (OHLC) values. It calculates buy pressure (the range between high and low when the closing price is higher than the opening) and sell pressure (the range between high and low when the closing price is equal to or lower than the opening). The screener computes the pressure ratio, which represents the difference between buying and selling pressure, to determine which side is dominant. 2.Trend Rating and Signal Generation Based on the calculated pressure, the screener determines a trend rating for each timeframe: "Buy," "Sell," or "Neutral." (▲ ,▼ or •) Additionally, it generates a signal (▲ or ▼) to indicate the current trend direction and whether the move is strong (based on the user-defined threshold). If the movement is strong, a fire icon (🔥) is added to indicate that there is significant pressure on that timeframe, signaling a higher confidence in the trend. 3.Customizable Strong Move Thresholds Strong Move Threshold: The screener uses this value to decide whether a trend is significantly strong. A higher value makes it more selective in determining strong moves. Strong Movement Threshold: Helps determine when an additional strong signal should be displayed, offering further insight into the strength of market movement. Inputs and Customization The Enhanced Pressure MTF Screener is highly customizable to fit the needs of individual traders: General Settings: Use Heikin Ashi: Toggle this setting to use Heikin Ashi for a smoother trend representation. Strong Move Threshold: Defines how strong a move should be to be considered significant. Strong Movement Threshold: Specifies the level of pressure required to highlight a move with the fire icon. Table Settings: Position: Choose the vertical position of the screener table (top, middle, or bottom of the chart). Alignment: Align the table (left, center, or right) to best suit your chart layout. Text Size: Adjust the text size in the table for better readability. Table Color Settings: Users can set different colors to represent buying and selling signals for better visual clarity, particularly when scanning multiple timeframes. Timeframe Settings: The screener provides options to include up to ten different timeframes. Traders can select and customize each timeframe to match their strategy. Examples of available timeframes include 1 Week, 1 Day, 12 Hours, down to 10 Minutes, allowing for both broad and detailed analysis. Practical Use Case Identifying Trend Alignment Across Timeframes: Imagine you are about to take a long trade but want to make sure that the trend direction is aligned across multiple timeframes. The screener displays "Buy" ratings across the 4H, 1H, 30M, and 10M timeframes, while higher timeframes (like 1W and 1D) also show "Buy" with strong signals (🔥). This indicates that buying pressure is strong across the board, adding confidence to your trade. Spotting Reversal Opportunities: If a downtrend is evident across most timeframes but suddenly a higher timeframe, such as 12H, changes to "Buy" while showing a strong move (🔥), this could indicate a potential reversal. The screener allows you to spot these discrepancies and consider taking early action. Benefits for Traders 1.Synchronization Across Timeframes: One of the main strengths of this screener is its ability to show synchronized buy/sell signals across different timeframes. This makes it easy to confirm the strength and consistency of a trend. For example, if you see that all the selected timeframes display "Buy," this implies that both short-term and long-term traders are favoring the upside, giving additional confidence to go long. 2.Quick and Visual Trend Overview: The table offers an at-a-glance summary, reducing the time required to manually inspect each timeframe. This makes it particularly useful for traders who want to make quick decisions, such as day traders or scalpers. 3.Strong Move Indicator: The use of fire icons (🔥) provides an easy way to identify significant movements. This is particularly helpful for traders looking for breakouts or strong market conditions that could lead to high probability trades. To put it short or to summarize The Enhanced Pressure MTF Screener is a powerful add-on for traders looking to understand how buy and sell pressure aligns across multiple timeframes. It offers: A clear summary of buying or selling pressure across different timeframes. Heikin Ashi smoothing, providing an option to reduce market noise. Strong movement signals to highlight significant trading opportunities. Customizable settings to fit any trading strategy or style. The screener and the main indicator are best used together, as the screener provides the multi-timeframe overview, while the main indicator provides an in-depth look at each individual bar and trend. I hope my indicator helps with your trading, if you guys have any ideas or questions there is the comment section :D
Pine Script™ indicator
by Debis03
God's eye Linear regression 30 sec or 1 minThis Pine Script indicator, "God's Eye Linear Regression MTF," is designed for TradingView to apply multi-timeframe (MTF) analysis using linear regression and several technical indicators. Update from // © LonesomeTheBlue Linear Regression Channel Script (Pine Script v4) Focus: This script primarily focuses on detecting and visualizing a linear regression channel with deviation bands to show price trends and potential breakouts. Key Features: Channel Boundaries: Calculates upper and lower channel lines based on linear regression, with customizable deviation for width. Deviation Control: Allows users to control the deviation level and extend lines visually on the chart. Fibonacci Levels: Optional Fibonacci levels are displayed within the channel for additional insights. Trend Detection: Labels trend direction changes and plots colors to indicate uptrend or downtrend. Alerts: Trigger alerts when the price moves out of the channel (indicating a breakout) or when the trend direction changes. Style and Presentation: Uses lines, labels, and color settings to visualize the trend direction on the price chart itself. 2. Multi-Timeframe Linear Regression Trend (Pine Script v5) Focus: This script emphasizes multi-timeframe trend analysis by evaluating and visualizing trend direction across multiple timeframes with separate trend bars and buy/sell signals. Key Features: Timeframe Customization: Offers five configurable timeframes for trend detection, allowing for both short- and long-term analysis. Column Color Coding: Uses different color schemes for the regression slopes in both short-term and long-term trends, providing clear differentiation. Buy and Sell Volume Analysis: Analyzes the slope of buy and sell volumes, indicating the strength of each trend. Multi-TF Indicators: Generates signals across the selected timeframes, plotting separate trend bars for each timeframe. These are color-coded based on the calculated direction. Buy/Sell Signal Generation: Combines the signals from all timeframes and generates buy or sell alerts when all frames align positively or negatively. Here’s an overview of its key functionalities: Multi-Timeframe Linear Regression: The indicator calculates linear regression trends for up to five user-defined timeframes (tf1 to tf5). Short-term and long-term slopes of price and volume are determined using linear regression functions, helping to detect market direction and strength. Volume and Price Slope Analysis: It measures the slopes of both price and volume using different look-back lengths (len1 for short-term, len2 for long-term) to highlight upward or downward trends. The volume slopes are used to color columns, providing visual cues for bullish or bearish trends. Candle and Trend Filters: The script defines candle characteristics (body, top wick, bottom wick) to calculate buy/sell volume ratios and combines these with EMA (Exponential Moving Average) crossovers for trend filtering. Bullish and bearish signals are generated based on certain conditions, including candle transition patterns and EMA levels. Directional Signals and Alerts: Using the computed slopes and user-specified timeframes, it aggregates directional trends across the five timeframes. If all trends align bullish or bearish across timeframes, buy or sell signals are generated. The indicator also has alert conditions for notifying the user when certain patterns, such as bullish or bearish engulfing, occur. Channel and Trend Confidence: The indicator calculates Pearson's R, a statistical measure of linear correlation, across various periods to gauge the trend's strength. These values inform the user of trend reliability, displaying descriptors like "Strong," "Very Weak," etc. Settings and Customization: Users can adjust parameters for EMA lengths, RSI-based sensitivity, and filter days for trading. There’s also a feature to display the calculated trend correlation as text on the chart and a table that adjusts positions based on user input. Chart Overlays and Visuals: The script plots key levels and channel lines on the chart for visual trend analysis, with different color codes representing the direction and confidence of the detected trends. In summary, this advanced indicator combines multi-timeframe trend analysis, volume and price-based regression slopes, and directional filters to generate trade signals and alerts, aiming to provide comprehensive trend insights for traders. Use for TF 30 sec or 1 m
Pine Script™ indicator
by GodeyeThelasthope
Multi-Trend SynchronizerMulti-Trend Synchronizer The Multi-Trend Synchronizer indicator provides a multi-timeframe trend analysis using SMMA (Smoothed Moving Average) across three user-defined timeframes: short, medium, and long-term. By synchronizing trends from these timeframes, this tool helps traders identify stronger alignment signals for potential trend continuation or reversal, enhancing decision-making in various market conditions. Key Features Multi-Timeframe Trend Analysis: Users can set three different timeframes, allowing flexibility in tracking trends over short (e.g., 15 minutes), medium (e.g., 1 hour), and long-term (e.g., 4 hours) intervals. Clear Trend Visualization: The indicator plots SMMA lines on the main chart, color-coded by timeframe for intuitive reading. It also displays an at-a-glance trend alignment table, showing the current trend direction (bullish, bearish, or neutral) for each timeframe. Buy and Sell Signals: Alignment across all timeframes generates Buy and Sell signals, visualized on the chart with distinct markers to aid entry/exit timing. Usage Notes This indicator is best used for trend-following strategies. The SMMA-based design provides smoother trend transitions, reducing noise compared to standard moving averages. However, as with all indicators, it is not foolproof and should be combined with other analyses for robust decision-making. How It Works The indicator calculates SMMA values for each selected timeframe and tracks trend changes based on SMMA's direction. When all timeframes show a unified direction (either bullish or bearish), the indicator generates a Buy or Sell signal. A table displays real-time trend direction, with color codes to assist traders in quickly assessing the market's overall direction. Indicator Settings Timeframes: Customize each SMMA timeframe to align with personal trading strategies or market conditions. SMMA Length: Adjust the length of the SMMA to control sensitivity. Lower values may increase signal frequency, while higher values provide smoother, more stable trend indicators. Disclaimer: As with any trend-following tool, this indicator is most effective when used in trending markets and may be less reliable in sideways conditions. Past performance does not guarantee future results, and users should be cautious of market volatility. Use it for educational purposes!
Pine Script™ indicator
by shortymkd
WiseOwl Indicator - 1.0 The WiseOwl Indicator - 1.0 is a technical analysis tool designed to help traders identify potential entry points and market trends based on Exponential Moving Averages (EMAs) across multiple timeframes. It focuses on providing clear visual cues for bullish and bearish market conditions, as well as potential breakout opportunities. Key Features Multi-Timeframe EMA Analysis: Calculates EMAs on the current timeframe, Daily timeframe, and 15-minute timeframe to confirm trends. Bullish and Bearish Market Identification: Determines market conditions based on the 200-period EMA on the Daily timeframe. Directional Candle Coloring: Highlights candles based on their position relative to EMAs to provide immediate visual feedback. Entry Signals: Plots buy and sell signals on the chart when specific conditions are met on the 1-hour and 4-hour timeframes. Breakout Candle Highlighting: Colors candles differently when significant price movements occur, indicating potential breakout opportunities. How It Works Market Condition Determination: Bullish Market: When the close price is above the 200-period EMA on the Daily timeframe. Bearish Market: When the close price is below the 200-period EMA on the Daily timeframe. Directional Candle Coloring: Green Background: Applied when the close is above the 50-period EMA and the market is not bearish. Red Background: Applied when the close is below the 50-period EMA and the market is not bullish. Uses the Average True Range (ATR) to define a range threshold. Suppresses signals when EMAs are within this range, indicating a sideways market. Plotting Entry Signals: Plots arrows on the chart for potential long and short entries on the 1-hour and 4-hour timeframes. Breakout Candle Coloring: Colors candles blue when a bullish breakout condition is met. Colors candles orange when a bearish breakout condition is met. How to Use Trend Identification: Use the background coloring to quickly identify the overall market trend. Green Background: Suggests bullish conditions; consider looking for long opportunities. Red Background: Suggests bearish conditions; consider looking for short opportunities. Entry Signals: Look for plotted arrows on the chart. Green Upward Arrow: Indicates a potential long entry signal on the 1-hour or 4-hour timeframe. Red Downward Arrow: Indicates a potential short entry signal on the 1-hour or 4-hour timeframe. Breakout Opportunities: Watch for candles colored blue or orange. Blue Candles: Highlight significant upward price movements. Orange Candles: Highlight significant downward price movements. Avoiding Ranging Markets: Be cautious when signals are suppressed due to ranging conditions; the market may not have a clear direction. Example Usage Identifying a Bullish Market: The background turns green. Price crosses above the 50 EMA. A green upward arrow appears below a candle on the 1-hour or 4-hour chart. Identifying a Bearish Market: The background turns red. Price crosses below the 50 EMA. A red downward arrow appears above a candle on the 1-hour or 4-hour chart. Notes Open-Source Code: The script is open-source, allowing users to review and understand the logic behind the indicator. Educational Purpose: This indicator is intended to aid in technical analysis and should not be used as the sole basis for trading decisions. Disclaimer This indicator is for educational purposes only and does not constitute financial advice. Trading involves risk, and you should consult with a qualified financial advisor before making any investment decisions.
Pine Script™ indicator
by TraderOuss_LumaNex
MTF+MA V2 MTF+MA Indicator by ridvansozen1 The MTF+MA Indicator is a multi-timeframe moving average strategy developed by TradingView user ridvansozen1. This tool is designed to assist cryptocurrency traders in identifying potential long and short trading opportunities by analyzing market trends across multiple timeframes. Key Features: Multi-Timeframe Analysis: Utilizes fast and slow exponential moving averages (EMAs) on user-defined long, mid, and short-term timeframes to assess market direction. Signal Generation: Generates long signals when all selected timeframes indicate a positive trend and short signals when all indicate a negative trend. Customizable Parameters: Allows users to adjust source data, EMA lengths, and timeframes to tailor the strategy to specific trading preferences. Date Range Filtering: Includes settings to define specific date ranges for signal generation, enabling focused backtesting and analysis. How to Use: Configure Moving Averages: Set your preferred lengths for the fast and slow EMAs. Select Timeframes: Choose the long, mid, and short-term timeframes that align with your trading strategy. Set Date Range: Define the date range during which the strategy should generate signals. Interpret Signals: Monitor the indicator plots—green, blue, and red lines representing the EMA differences across timeframes. A long position is suggested when all three lines are above zero, and a short position is suggested when all are below zero. Disclaimer: This indicator is intended for educational purposes and should not be considered financial advice. Users are encouraged to conduct thorough backtesting and apply proper risk management before utilizing this strategy in live trading.
Pine Script™ strategy
by ridvansozen1
Universal Trend and Valuation System [QuantAlgo]Universal Trend and Valuation System 📊🧬 The Universal Trend and Valuation System by QuantAlgo is an advanced indicator designed to assess asset valuation and trends across various timeframes and asset classes. This system integrates multiple advanced statistical indicators and techniques with Z-score calculations to help traders and investors identify overbought/sell and oversold/buy signals. By evaluating valuation and trend strength together, this tool empowers users to make data-driven decisions, whether they aim to follow trends, accumulate long-term positions, or identify turning points in mean-reverting markets. 💫 Conceptual Foundation and Innovation The Universal Trend and Valuation System by QuantAlgo provides a unique framework for assessing market valuation and trend dynamics through a blend of Z-score analysis and trend-following algorithm. Unlike traditional indicators that only reflect price direction, this system incorporates multi-layered data to reveal the relative value of an asset, helping users determine whether it’s overvalued, undervalued, or approaching a trend reversal. By combining high quality trend-following tools, such as Dynamic Score Supertrend, DEMA RSI, and EWMA, it evaluates trend stability and momentum quality, while Z-scores of performance ratios like Sharpe, Sortino, and Omega standardize deviations from historical trends, enabling traders and investors to spot extreme conditions. This dual approach allows users to better identify accumulation (undervaluation) and distribution (overvaluation) phases, enhancing strategies like Dollar Cost Averaging (DCA) and overall timing for entries and exits. 📊 Technical Composition and Calculation The Universal Trend-Following Valuation System is composed of several trend-following and valuation indicators that create a dynamic dual scoring model: Risk-Adjusted Ratios (Sharpe, Sortino, Omega): These ratios assess trend quality by analyzing an asset’s risk-adjusted performance. Sharpe and Sortino provide insight into trend consistency and risk/reward, while Omega evaluates profitability potential, helping traders and investors assess how favorable a trend or an asset is relative to its associated risk. Dynamic Z-Scores: Z-scores are applied to various metrics like Price, RSI, and RoC, helping to identify statistical deviations from the mean, which indicate potential extremes in valuation. By combining these Z-scores, the system produces a cumulative score that highlights when an asset may be overbought or oversold. Aggregated Trend-Following Indicators: The model consolidates multiple high quality indicators to highlight probable trend shifts. This helps confirm the direction and strength of market moves, allowing users to spot reversals or entry points with greater clarity. 📈 Key Indicators and Features The Universal Trend and Valuation System combines various technical and statistical tools to deliver a well-rounded analysis of market trends and valuation: The indicator utilizes trend-following indicators like RSI with DEMA smoothing and Dynamic Score Supertrend to minimize market noise, providing clearer and more stable trend signals. Sharpe, Sortino, and Omega ratios are calculated to assess risk-adjusted performance and volatility, adding a layer of analysis for evaluating trend quality. Z-scores are applied to these ratios, as well as Price and Rate of Change (RoC), to detect deviations from historical trends, highlighting extreme valuation levels. The system also incorporates multi-layered visualization with gradient color coding to signal valuation states across different market conditions. These adaptive visual cues, combined with threshold-based alerts for overbought and oversold zones, help traders and investors track probable trend reversals or continuations and identify accumulation or distribution zones, adding reliability to both trend-following and mean-reversion strategies. ⚡️ Practical Applications and Examples ✅ Add the Indicator: Add the Universal Trend-Following Valuation System to your favourites and to your chart. 👀 Monitor Trend Shifts and Valuation Levels: Watch the average Z score, trend probability state and gradient colors to identify overbought and oversold conditions. During undervaluation, consider using a DCA strategy to gradually accumulate positions (buy), while overvaluation may signal distribution or profit-taking phases (sell). 🔔 Set Alerts: Configure alerts for significant trend or valuation changes, ensuring you can act on market movements promptly, even when you’re not actively monitoring the charts. 🌟 Summary and Usage Tips The Universal Trend and Valuation System by QuantAlgo is a highly adaptable tool, designed to support both trend-following and valuation analysis across different market environments. By combining valuation metrics with high quality trend-following indicators, it helps traders and investors identify the relative value of an asset based on historical norms, providing more reliable overbought/sell and oversold/buy signals. The tool’s flexibility across asset types and timeframes makes it ideal for both short-term trading and long-term investment strategies like DCA, allowing users to capture meaningful trends while minimizing noise.
Pine Script™ indicator
by QuantAlgo
Volume Bars [jpkxyz] Multi-Timeframe Volume indicator by @jpkxyz This script is a Multi-Timeframe Volume Z-Score Indicator. It dynamically calculates /the Z-Score of volume over different timeframes to assess how significantly current volume deviates from its historical average. The Z-Score is computed for each timeframe independently and is based on a user-defined lookback period. The script switches between timeframes automatically, adapting to the chart's current timeframe using `timeframe.multiplier`. The Z-Score formula used is: (current volume - mean) / standard deviation, where mean and standard deviation are calculated over the lookback period. The indicator highlights periods of "significant" and "massive" volume by comparing the Z-Score to user-specified thresholds (`zScoreThreshold` for significant volume and `massiveZScoreThreshold` for massive volume). The script flags buy or sell conditions based on whether the current close is higher or lower than the open. Visual cues: - Dark Green for massive buy volume. - Red for massive sell volume. - Green for significant buy volume. - Orange for significant sell volume. - Gray for normal volume. The script also provides customizable alert conditions for detecting significant or massive buy/sell volume events, allowing users to set real-time alerts.
Pine Script™ indicator
by jpkxyz
Multi-Timeframe Period Separators█ OVERVIEW This indicator plots period separators for up to four higher timeframes. The separators are fully customizable and designed to work on any symbols. █ FEATURES Reference You can choose to plot the separators starting from midnight 00:00 or the opening of the exchange trading session. Timezone You can specify to localize midnight 00:00 to the region of your liking. The timezone format conveniently requires no manual adjustment during clock changes. █ NOTES Scans the bar opening and closing times The script checks the bar ` time ` and ` time_close ` to pinpoint the separators that can occur intrabar. Tracks from the last separator The script tracks the time elapsed since the last separator, which is useful when there is no trading activity or the market is closed. As it can result in missing bars, it plots the separator on the first available bar. Others The script automatically hides the separators when navigating to an equal or higher chart timeframe.
Pine Script™ indicator
by sbtnc
2024 - Median High-Low % Change - Monthly, Weekly, DailyDescription: This indicator provides a statistical overview of Bitcoin's volatility by displaying the median high-to-low percentage changes for monthly, weekly, and daily timeframes. It allows traders to visualize typical price fluctuations within each period, supporting range and volatility-based trading strategies. How It Works: Calculation of High-Low % Change: For each selected timeframe (monthly, weekly, and daily), the script calculates the percentage change from the high to the low price within the period. Median Calculation: The median of these high-to-low changes is determined for each timeframe, offering a robust central measure that minimizes the impact of extreme price swings. Table Display: At the end of the chart, the script displays a table in the top-right corner with the median values for each selected timeframe. This table is updated dynamically to show the latest data. Usage Notes: This script includes input options to toggle the visibility of each timeframe (monthly, weekly, and daily) in the table. Designed to be used with Bitcoin on daily and higher timeframes for accurate statistical insights. Ideal for traders looking to understand Bitcoin's typical volatility and adjust their strategies accordingly. This indicator does not provide specific buy or sell signals but serves as an analytical tool for understanding volatility patterns.
Pine Script™ indicator
by mramacdonald84699
RTI Thresholds Index | mad_tiger_slayerOverview of the Script The Relative Trend Index (RTI) Threshold Index is a custom indicator for TradingView that enhances a Relative Trend Index (RTI) . The RTI is designed to reflect the market’s trend strength by comparing the current price to dynamically calculated upper and lower trend boundaries. Additionally, the indicator includes overbought and oversold thresholds, and Trend-coded signals to visually represent market conditions for easier analysis. The RTI Threshold Index is created and meant for long term investments targeted for longer swing trades over a few months to years. How Do Investors Use the RTI Trend Index? In the provided chart image, the indicator is displayed on a Bitcoin price chart. Here’s what each visual component represents: INTENDED USES The RTI Threshold Index is NOT intended for SCALPING. With the nature of its components and calculations. This indicator will give false signals when the Timeframe is too low. The best intended use for high-quality signals are above the 12hr timeframes (Note: Coded to be used above 1 Day Timeframes) The RTI Threshold Index is a TREND-FOLLOWING and MEAN REVERTING INDICATOR . With the explanation below of the image you can see both Trend-Following and Mean Reversion Uses. A VISUAL REPRESENTATION INTENDED USES Relative Trend Index Line (Green/Red): The main RTI line changes colors based on long or short conditions, providing an immediate visual cue of the trend direction. This conditional state enter long when the RTI is greater than the long threshold and will not enter short until it is less than the short threshold. (vice versa) When the RTI is less than the short threshold and will not enter long until it is greater than the long threshold. EMA of RTI: A smoothed version of the RTI in yellow for more stable trend analysis. This EMA can be used for LONGER TERM trends. When the smoothed RTI is above 50, investors can assume that the trend will be in a trending state. Because this is slower than the RTI, you will get slower entries and slower exits. Threshold Lines: Green and red lines for long and short thresholds, along with dashed lines for overbought and oversold levels. These lines can be calibrated to allow the RTI to enter a long trending or short trending state. The lower the value is for Long Threshold line , it will enter a long trend faster. The higher the value for Short Threshold Line , it will exit faster. We can also set Overbought and Oversold Thresholds. With the RTI entering above the Overbought Threshold line, Investors can assume that the environment is getting heated or is overbought. Same for oversold with the RTI entering below the Oversold Threshold line, Investors can assume that the environment is getting heated or is overbought. Gradient Background: Shaded overbought and oversold areas improve readability by distinguishing these zones. This coloring of the shaded area tells us the oversold and overbought levels. Colored Candles: Candles change color based on the RTI condition, aligning the price action visually with the trend status. The Green symbolizes a long state while red symbolizes a short state. __________________________________________________________________________________ The indicator's primary elements include: Input Parameters: Configurable settings for trend length, sensitivity, moving average (MA) period, thresholds, and overbought/oversold levels. RTI Calculation: Computation of trend boundaries and the RTI value based on the price's position within these boundaries. Visual Components: Horizontal threshold lines, plotted RTI values, color-coded candles, and gradient fills for overbought and oversold zones. 1. Input Parameters The script includes several configurable inputs, allowing users to customize the indicator’s sensitivity and behavior according to market conditions: Trend Length: Controls the number of data points for trend calculations. Higher values produce a smoother, less responsive trend, while lower values make the trend more sensitive to recent price changes. Trend Sensitivity: Sets the sensitivity by defining the upper and lower percentiles for the trend boundaries. Higher sensitivity values make the RTI less reactive, while lower values increase responsiveness. MA length: Defines the period for the Exponential Moving Average (EMA) applied to the RTI, smoothing its output. longThreshold and shortThreshold: Set the levels for entering long and short positions. The RTI crossing above longThreshold or below shortThreshold signals a long or short condition, respectively. Overbought and oversold thresholds: When RTI exceeds overbought or falls below oversold, it indicates overbought or oversold market conditions. 2. Relative Trend Index (RTI) Calculation The RTI is calculated by dynamically setting upper and lower trend boundaries: Upper Trend and Lower Trend: Calculated by adding and subtracting the standard deviation of the closing price to/from the close, providing a measure of price variation. upper array and Lower Arrays : Arrays that hold the upper and lower trend values over the specified trend length period. Sorting and Indexing: After sorting these arrays, the values at specific percentiles (based on trend sensitivity) are selected as UpperTrend and LowerTrend. RTI formula: The RTI is calculated by normalizing the close price within the range of UpperTrend and LowerTrend. This yields a percentage that reflects the price's relative position within the trend range. 3. Threshold and Signal Lines Several horizontal lines mark key threshold levels: midline: A dashed line at 50, marking the RTI midpoint. overbought and oversold: Dashed lines for the overbought and oversold levels as set by overbought and oversold. long hline and short hline: Solid lines marking the longThreshold and shortThreshold levels for entering long and short trades. They are colored Green for long threshold and Red for short threshold 4. Long and Short Conditions The script defines long and short conditions based on the RTI’s position relative to the longThreshold and shortThreshold: isLong: Set to true when the RTI exceeds longThreshold, signaling a long condition. isShort: Set to true when the RTI drops below shortThreshold, signaling a short condition. overboughtcandles and oversoldcandles: Boolean variables that indicate when the RTI crosses the overbought or oversold thresholds, enhancing visual feedback. 5. Color Coding Color-coded elements help to visually indicate the RTI's current state: rtiColor: Sets the RTI line color based on the long or short condition (green for long, red for short). obosColor: Colors specific candles in the overbought (yellow) and oversold (purple) regions, adding clarity to these conditions. 6. Plotting and Visualization The following components display the RTI indicator and its conditions visually: RTI and EMA Plot: The RTI line is plotted alongside an EMA line for smooth trend observation. The RTI line uses the conditional colors to indicate market conditions. Background Gradient Fill: Shaded areas between the overbought and oversold levels highlight these zones in the background. Colored Candles: Candles on the price chart are color-coded based on the RTI condition (green for long, red for short), making it easy to see trend direction changes. Overbought and Oversold Gradient Fill: Gradient fills are applied to the overbought and oversold regions, creating a visual effect when the RTI reaches extreme levels. Conclusion The RTI Threshold Indicator is a powerful tool for assessing trend strength and market conditions. With configurable parameters, it adapts well to various timeframes and market environments, providing investors with a reliable means to identify potential entry and exit points. With configurable parameters, RTI Threshold Indicator can identify market conditions for potential buy and sell zones.
Pine Script™ indicator
by mad_tiger_slayer
Multi-Timeframe Supertrend Dashboard - EnhancedOverview The Multi-Timeframe Supertrend Dashboard is a powerful tool designed to give traders a clear view of market trends across multiple timeframes, all from a single dashboard. This indicator leverages the Supertrend method to calculate buy and sell signals based on the direction of price relative to dynamically calculated support and resistance lines. The dashboard is optimized for dark mode and provides easy-to-interpret color-coded signals for each timeframe. How It Works The Supertrend indicator is a trend-following indicator that uses the Average True Range (ATR) to set upper and lower bands around the price, adapting dynamically as volatility changes. When the price is above the Supertrend line, the market is considered in an uptrend, triggering a "BUY" signal. Conversely, when the price falls below the Supertrend line, the market is in a downtrend, triggering a "SELL" signal. This Multi-Timeframe Supertrend Dashboard calculates Supertrend signals for the following timeframes: 1 minute 5 minutes 15 minutes 1 hour Daily Weekly Monthly For each timeframe, the dashboard shows either a "BUY" or "SELL" signal, allowing traders to assess whether trends align across timeframes. A "BUY" signal displays in green, and a "SELL" signal displays in red, giving a quick visual reference of the overall trend direction for each timeframe. Customization Options ATR Period: Defines the period for the Average True Range (ATR) calculation, which determines how responsive the Supertrend lines are to changes in market volatility. Multiplier: Sets the sensitivity of the Supertrend bands to price movements. Higher values make the bands less sensitive, while lower values increase sensitivity, allowing quicker reactions to changes in price. How to Interpret the Dashboard The Multi-Timeframe Supertrend Dashboard allows traders to see at a glance if trends across multiple timeframes are aligned. Here’s how to interpret the signals: BUY (Green): The current timeframe’s price is in an uptrend based on the Supertrend calculation. SELL (Red): The current timeframe’s price is in a downtrend based on the Supertrend calculation. For example: If all timeframes display "BUY," the asset is in a strong uptrend across multiple time horizons, which may indicate a bullish market. If all timeframes display "SELL," the asset is likely in a strong downtrend, signaling a bearish market. Mixed signals across timeframes suggest market consolidation or differing trends across short- and long-term periods. Use Cases Trend Confirmation: Use the dashboard to confirm trends across multiple timeframes before entering or exiting a position. Quick Market Analysis: Get a snapshot of market conditions across timeframes without having to change charts. Multi-Timeframe Alignment: Identify alignment across timeframes, which is often a strong indicator of market momentum in one direction. Dark Mode Optimization The dashboard has been optimized for dark mode, with white text and contrasting background colors to ensure easy readability on darker TradingView themes.
Pine Script™ indicator
by charlescrose
1