ICT SB Time (Lee B)A minimal and clean indicator that simply plots the ICT Silver Bullet time windows for you on the chart with vertical lines.
It also has the option to show other important times, like 00:00, 8:30, and 9:30. Toggles in settings let you change line color, turn any of them off temporarily, and can limit their visibility to only the lower timeframes for less clutter.
I hope you find this indicator useful... and happy trading!
Lee B
Multitimeframe
Serum Oscillator [ST]Serum Oscillator is an advanced technical indicator. This indicator combines several techniques and algorithms to provide traders with a robust tool for analyzing and predicting market movements. The indicator is not just an oscillator, but also includes functionalities for detecting divergences, mining flow, custom alerts, and more. Below is a detailed description of its features, components, and functionalities.
Characteristics
1. Oscillator and Signal: the indicator has a moving line that acts as a signal to determine the state of the market, whether bullish or bearish. In addition, this moving line can be switched between different types for greater accuracy, allowing it to better suit the trader's style.
2. Modes: the indicator has three modes to adapt to the market. Fast, Normal and Slow. The user can choose the mode that best suits his strategy. Fast mode generates very early signals, perfect for getting ahead of the market; however, it can also generate a greater number of false crosses. Slow mode generates fewer signals, perfect for filtering range zones.
3. Overbought and Oversold Levels: the indicator generates signals between values 0 and 100, for this reason it can be speculated that values 70 and 30 are overbought and oversold levels respectively; however, these levels can vary according to the modes. For this reason we designed the dynamic bands.
4. Multi Timeframe: Can observe data from a different time frame than the current chart. You will be able to observe the state of the oscillator and the direction.
5. Trend Catcher: tool to detect the market trend according to the indicator. Ideal for filtering false crossovers and trading in favor of the trend.
6. Smart Flow: Money flow optimized with AI to detect the overall money flow. Ideal for detecting trends. Additionally, you will be able to visualize the convergences between smart flow and the oscillator to operate in favor of the price trend. You can also activate thresholds, to detect when there is really a large monetary flow.
7. Divergences: Real-time detection of divergences to identify possible reversal zones. The user can adjust the sensitivity.
8. Alerts: Programmable alerts to automate the detection of various price conditions according to the indicator.
> This indicator is a comprehensive technical tool that provides traders with multiple capabilities to analyze market trends and reversals. Its combination of different types of smoothing and adaptive functions, along with the detection of divergences, trend lines, and custom alerts, makes it a powerful and versatile indicator for trading decision-making. The customization of its parameters and the depth of its calculations offer users a significant advantage in interpreting market data, facilitating more precise understanding and timely action in their trading operations.
Multi Asset & TF Stochastic
Multi Asset & TF Stochastic
This indicator allows you to compare the stochastic oscillator values of two different assets across multiple timeframes in a single pane. It’s designed for traders who want to analyse the momentum of one asset (by default, the chart’s asset) alongside a second asset of your choice (e.g., comparing EURUSD to the USD Index).
How It Works:
Main Asset:
The indicator automatically uses the chart’s asset for the primary stochastic calculation. You have the option to adjust the timeframe for this asset using a dropdown that includes TradingView’s standard timeframes, a "Chart" option (which automatically uses your chart’s timeframe), or a "Custom" option where you can type in any timeframe.
Second Asset:
You can enable the display of a second asset by toggling the “Display Second Asset” option. Choose the asset symbol (default is “DXY”) and select its timeframe from an identical dropdown. When enabled, the script calculates the stochastic oscillator for the second asset, allowing you to compare its momentum (%K and %D lines) with that of the main asset.
Stochastic Oscillator Settings:
Customize the %K length, the smoothing period for %K, and the smoothing period for %D. Both assets’ stochastic values are calculated using these parameters.
Visual Display:
The indicator plots the %K and %D lines for the main asset in prominent colours. If the second asset is enabled, its %K and %D lines are also plotted in different colours. Additionally, overbought (80) and oversold (20) levels are marked, with a midline at 50, making it easier to gauge market conditions at a glance.
%D line can be toggled off for a cleaner view if required:
Asset Information Table:
A table at the top-centre of the pane displays the active asset symbols—ensuring you always know which assets are being analysed.
How to Use:
Apply the Indicator:
Add the script to your chart. By default, it will use the chart’s current asset and timeframe for the primary stochastic oscillator.
Adjust the Main Asset Settings:
Use the “Main Asset Timeframe” dropdown to select a specific timeframe for the main asset or stick with the “Chart” option for automatic syncing with your current chart.
Enable and Configure the Second Asset (Optional):
Toggle on “Display Second Asset” if you wish to compare another asset. Select the desired symbol and adjust its timeframe using the provided dropdown. Choose “Custom” if you need a timeframe not listed by default.
Review the Plots and Table:
Observe the stochastic %K and %D lines for each asset. The overbought/oversold levels help indicate potential market turning points. Check the table at the top-centre to confirm the asset symbols being displayed.
This versatile tool is ideal for traders who rely on momentum analysis and need to quickly compare the stochastic signals of different markets or instruments. Enjoy seamless multi-asset analysis with complete control over your timeframe settings!
Market Session Times by MadDogMoneyMarket Sessions is a simple indicator allowing you to quickly see the 3 Major Trading Session Open and Close times
Three major Sessions - Asia, UK & NY are included.
(The Australian & Asian markets are so close on time, they have been joined for brevity.)
The Open & Close times for each Session is displayed in the Settings in UTC and can be edited depending on the time of year or market you are following.
By setting the Session indicators partially transparent (as is by default), you can quickly see which Market Sessions, and for how long, they overlap.
Additionally, the Indicator can be hidden for different timeframes.
- 1 HR is the upper limit of visibility
- Visibility on the 1HR, 15min and 5min and below can be toggled on an off to fit your requirements.
Auto Fibonacci Level Indicator - El Patron=======================================================================
Auto Fibonacci Level Indicator - El Patron
=======================================================================
Description:
This indicator automatically calculates and plots Fibonacci levels based on
the highest high and lowest low of a specified lookback period from a user-
selectable timeframe. It supports a Reverse Fibonacci option to swap the
calculation (i.e. drawing levels from the swing high to the swing low) and
provides intrabar updates using the lookahead feature. Customize the color
for each Fibonacci level to suit your trading style.
Inputs:
- Time Frame:
Choose from "60" (1H), "240" (4H), or "D" (Daily) to retrieve data for
the Fibonacci calculations.
- Lookback Period:
The number of bars (in the selected timeframe) to consider for
determining the highest high and lowest low.
- Reverse Fibonacci:
Check this box to reverse the Fibonacci calculation from the usual low-
to-high to a high-to-low perspective.
- Color Inputs:
Customize the colors for each Fibonacci level, including levels such as
0, 0.11, 0.114, ... , 1.618.
Usage:
1. Apply the indicator to any chart.
2. In the settings panel, adjust the Time Frame, Lookback Period, and
Reverse Fibonacci options as desired.
3. The Fibonacci levels will be plotted as horizontal lines on your chart.
4. Intrabar updates are enabled via the lookahead parameter; note that this
may result in repainting.
Notes:
- When using intrabar lookahead, the levels update during the formation of
the current bar which might cause historical values to change (repainting).
- The indicator can pull data from a different timeframe than the chart's,
which is useful for multi-timeframe analysis.
Author: Turker Balkar - El Patron
Version: 1.0
ATR BandsThe ATR Bands indicator is a volatility-based tool that plots dynamic support and resistance levels around the price using the Average True Range (ATR). It consists of two bands:
Upper Band: Calculated as current price + ATR, representing an upper volatility threshold.
Lower Band: Calculated as current price - ATR, serving as a lower volatility threshold.
Key Features:
✅ Measures Volatility: Expands and contracts based on market volatility.
✅ Dynamic Support & Resistance: Helps identify potential breakout or reversal zones.
✅ Customizable Smoothing: Supports multiple moving average methods (RMA, SMA, EMA, WMA) for ATR calculation.
How to Use:
Trend Confirmation: If the price consistently touches or exceeds the upper band, it may indicate strong bullish momentum.
Reversal Signals: A price approaching the lower band may suggest a potential reversal or increased selling pressure.
Volatility Assessment: Wide bands indicate high volatility, while narrow bands suggest consolidation.
This indicator is useful for traders looking to incorporate volatility-based strategies into their trading decisions
Flat NumbersCustomizable Price Range: Set the start price and end price to define the range in which horizontal lines will be plotted.
Line Color: Choose the color of the horizontal lines to match your chart's theme or personal preference.
Line Width: Adjust the width of the lines (from 1 to 5) to control their visibility.
Price Step Size: By default, the script plots lines every 100 price units within the range, but this step size can be customized if desired.
Dynamic Line Plotting: The script automatically calculates the number of lines needed and plots them at each interval between the start and end prices.
Flux Charts - SFX Screener💎 GENERAL OVERVIEW
The SFX Screener by Flux Charts is a multi-timeframe market scanner that extracts and visually organizes key conditions detected by the SFX Algo indicator across multiple assets in real-time. It does not perform independent analysis or generate new signals—instead, it pulls data directly from the SFX Algo’s calculations to ensure full alignment across different timeframes and tickers.
The SFX Algo is a multi-factor trading indicator that integrates trend analysis, signal generation, market overlays, and take-profit/stop-loss levels into a single system. It evaluates multiple trend components, including EMA direction, momentum shifts, and volatility cycles, to determine market conditions. Signal generation is based on an Adjusted Weighted Majority Algorithm, filtering out weaker signals by prioritizing the most reliable market indicators. Market overlays, such as Volatility Bands and the Retracement Wave, provide dynamic support, resistance, exit points, and entry points. Its adaptable structure allows traders to customize settings based on strategy preferences, making it effective for scalping, swing trading, and long-term trend analysis.
The SFX Screener’s purpose is to give traders a dashboard view of these SFX Algo signals across multiple tickers and timeframes in real-time.
📌 HOW DOES IT WORK ?
The SFX Algo indicator employs an Adjusted Weighted Majority algorithm to generate "buy" and "sell" signals. It evaluates multiple market indicators ("experts"), including momentum, ATR trends, and EMA trends, and assigns weights based on their recent performance. The "Time Weighting" setting allows users to balance between using more historical data or prioritizing recent trends. Unlike traditional weighted majority methods, SFX also dynamically penalizes larger losses. Signals are confirmed based on the consensus of the most successful indicators within the selected time period, filtering out weaker signals during underperforming phases.
The SFX Screener extracts these calculated outputs and visually organizes them into a real-time dashboard. Each signal, status, and volatility condition displayed in the screener is a direct output from the SFX Algo indicator.
🚩 UNIQUENESS
Unlike traditional screeners that rely on preset filters or static conditions, the SFX Screener dynamically updates its dashboard based on live outputs from the SFX Algo’s adaptive algorithm.
Traditional Screeners → Use predefined filters like “price above EMA” or “RSI overbought.” They do not adjust to market dynamics.
SFX Screener → Displays outputs directly from an adaptive algorithm that continuously evaluates trends, volatility, and momentum changes.
The SFX Screener can show SFX Algo's status on 8 different tickers on different timeframes. Key factors that make it unique include:
✅ Real-time sync with SFX Algo → Displays live conditions, not static filters.
✅ Comprehensive Dashboard – This screener provides a complete and customizable dashboard designed to enhance traders' decision-making by consolidating crucial SFX Algo insights into one user-friendly interface.
✅ Multi-Ticker & Multi-Timeframe Analysis – With support for up to 8 tickers and timeframes, traders can effortlessly analyze the bigger market picture, identifying trends and opportunities across different assets and timeframes.
By combining multiple analytical elements in a single view, this screener empowers traders with the insights needed to navigate the market more effectively.
🎯 SFX SCREENER FEATURES:
SFX Algo Signals : This tool can detect SFX Algo signals across different tickers & timeframes.
Volatility Bands : Detection of Volatility Bands Status & Retests.
Retracement Wave : Detection of Retracement Wave Status & Retests.
Highly Configurable : Offers multiple parameters for fine-tuning detection settings.
Up to 8 Tickers : Allows traders to analyze multiple tickers & timeframes simultaneously for enhanced accuracy.
📊 SFX SCREENER DATA BREAKDOWN
Signal ->
Buy -> The latest signal is a buy signal.
Sell -> The latest signal is a sell signal.
The rating of the signal is shown after the signal type.
Δ⭐ ->
Shows the rating change (delta) after the signal is triggered. Positive values mean that the rating is increased after the signal is given, negative values mean that it's decreased.
Status ->
Displays the amount of time passed after the signal is given.
TP Targets ->
Shows the Take-Profit targets of the signal, if a target was achieved, there is a ✅ symbol near it and the next target it displayed.
V. Bands ->
The Volatility Bands dynamically adjust to market conditions, expanding during high volatility and contracting during low volatility. When the volatility bands are tight, or the upper and lower bands are close to each other, the market is not volatile. During periods of low volatility, it’s common for price to consolidate or move sideways. An early indication of a large price move can occur when the bands widen or open up after being tight. When the volatility bands are wide, it reflects a period of increased volatility, typically during strong price trends or after a breakout. The volatility bands can also act as support and resistance areas. The upper band acts as resistance while the lower band acts as support. These mark out good areas for potential reversals. Breakouts can also occur when price moves beyond the bands, signaling a potential trend in the breakout direction.
Outside -> The price is currently outside of the Volatility Bands.
Inside | Upper -> The price is currently inside the Upper Volatility Band.
Inside | Lower -> The price is currently inside the Lower Volatility Band.
R. Wave ->
The Retracement Wave is used to identify entry points during pullbacks in trending markets. It can also be used to find exit points for open trades. The wave is bullish when price is above it and bearish when the price is below it. The retracement wave can be used as an area to enter during a pullback in a trending market. The wave can also be helpful for managing risk and closing out positions.
Outside | Bullish -> The Retracement Wave is currently Bullish, and the price is outside of it.
Outside | Bearish -> The Retracement Wave is currently Bearish, and the price is outside of it.
Inside | Bullish -> The Retracement Wave is currently Bullish, and the price is inside of it.
Inside | Bearish -> The Retracement Wave is currently Bearish, and the price is inside of it.
Profit & Loss (P&L) ->
Shows the amount of profit or loss the position is currently in. All values are shown in terms of percentage, and positive values mean the position is in profit while negative values mean that the position is in loss.
⚠ Timeframe Restriction : The selected timeframes for analysis cannot be lower than the chart’s current timeframe to ensure proper data alignment.
⏰ ALERTS
This screener supports alerts, so you never miss a key market move. You can choose to receive alerts when a buy or sell signal is given, helping you spot potential trading opportunities. Additionally, you can enable alerts for take-profit or stop-loss levels, which notify you when the price achieves those levels. The alerts will work for each enabled ticker in the settings. You can also toggle webhook format for alerts, and choose to include ticker metadata in it.
⚙️ SETTINGS
1. Algorithm Settings
Sensitivity: The sensitivity setting is a key parameter that influences the frequency of signals the SFX Algo generates. By adjusting this parameter, you can control the frequency of signals produced by the algorithm. Using a lower sensitivity setting generates more frequent signals that are highly responsive to minor price fluctuations. Using a higher sensitivity setting reduces the frequency of signals, focusing on more significant price movements and filtering out minor fluctuations.
Signal Strength: The Signal Strength setting filters signals based on their quality, allowing traders to focus on the most reliable opportunities. This feature helps traders balance the quantity and reliability of the algorithm’s signals to suit their trading strategy. Using a lower signal strength will display more signals, including those with lower signal ratings, for broader market coverage. Using a higher signal strength will display fewer signals by prioritizing those with higher signal ratings, reducing market noise.
Time Weighting: The Time Weighting setting in the SFX Algo determines how historical market data is analyzed to generate signals.
a) Recent Trends
Focuses on the most recent movements for short-term analysis. This setting is good for scalpers and intraday traders who need to react quickly to market changes.
b) Mixed Trends
Balances recent and historical price movements for a comprehensive market view. This setting is well-suited for swing traders and those who want to capture medium-term opportunities by combining the benefits of short-term responsiveness with the reliability of long-term trends.
c) Long-term Trends
Relies on extended historical market data to identify broader market trends, making it an excellent choice for traders focused on long-term strategies.
Minimum Star Rating : The Minimum Star Rating setting allows you to filter signals based on their strength, showing only those that meet or exceed your chosen threshold. For instance, setting the minimum star rating to 3 ensures you only receive signals with a rating of 3 stars or higher.
2. Take Profit / Stop Loss Methods
Key Levels
The Key Levels method uses pivot points to set take profit and stop-loss levels. The TP and SL levels are shown when a new signal is generated.
Volatility Bands
This TP/SL method uses the Volatility Bands overlay to set dynamic TP and SL levels. These levels are not predetermined so they will not be shown in advance when a signal is generated.
Signal Rating
Sets take profit and stop-loss levels based on changes in a signal's rating strength. These levels are not predetermined so they will not be shown in advance when a signal is generated.
Auto Stop-Loss
The auto method can only be applied to the SL. The auto method allows the algorithm to detect SL automatically when a momentum shift is detected. You can adjust the risk tolerance of the Auto SL by adjusting the ‘Auto Risk Tolerance’ setting. You can choose between Low, Medium, and High. A high-risk tolerance will result in stop losses being triggered less often.
3. Tickers
You can set, then enable or disable up to 8 tickers in this section to get informed about their latest SFX Algo signal.
‼️ Important Notes
TradingView has limitations when running advanced screeners, resulting in the following restrictions:
Computation Errors:
The computation of using MTF features and viewing several tickers is very intensive on TradingView. This can sometimes cause calculation timeouts. When this occurs simply force the recalculation by modifying one indicator’s settings or by removing the indicator and adding it to your chart again.
Inconsistencies:
You may notice inconsistencies when viewing the screener on a chart with a specific symbol because screener tickers originate from different markets. Since the cryptocurrency market operates 24/7, while stock markets have defined opening and closing hours, the screener may return varying information depending on whether you're currently viewing a cryptocurrency, stock, or currency pair.
Trade Quality Rating: signal rating from 1 to 5 starsOverview
The indicator is built to generate trading signals based on a combination of technical indicators and then assign each signal a quality rating from 1 to 5 stars. The idea is that the more filters that are met, the stronger (or higher quality) the signal is assumed to be. You can then use these quality ratings to decide which signals to act upon, keeping in mind that a higher-rated signal has more confirming factors.
Components of the Indicator
Simple Moving Averages (SMAs):
SMA9 and SMA20:
These two moving averages are used to detect short-term trend changes via crossovers. A bullish signal is generated when the SMA9 crosses above the SMA20, and a bearish signal when it crosses below.
SMA200 (on the current timeframe) & Daily SMA200:
The SMA200 on your current chart helps smooth out the price action.
The Daily SMA200 serves as a long-term trend filter. For a valid long signal, the price must be above the Daily SMA200, and vice versa for a short signal.
MACD (Moving Average Convergence Divergence):
The MACD is calculated using standard parameters (12, 26, 9).
It adds momentum confirmation to the signal. For a long trade, the MACD line should be above its signal line, and for a short trade, below.
RSI (Relative Strength Index):
Calculated with a 14-period setting.
For long signals, the RSI must be above 50 (indicating upward momentum), while for short signals, it should be below 50.
This filter is one of the additional conditions that add to the quality rating.
Volume Filter:
A 20-period moving average of volume is computed.
The current volume must exceed this average, suggesting that there is enough market participation backing the move.
This is another extra filter that adds to the overall quality score.
ADX (Average Directional Index):
The ADX is manually calculated in the script (using a 14-period setting) to gauge the strength of the trend.
A value above 25 is considered to confirm that a strong trend is in place, making the signal more reliable.
VWAP (Volume Weighted Average Price):
The session VWAP is computed on a daily basis.
For long trades, the price should be above the VWAP, and for short trades, below.
This serves as a confirmation that the current price is moving in the right direction relative to the volume-weighted average.
Signal Generation and Quality Rating
Base Signal (1 Star):
The fundamental trade signal is generated when the SMA9/SMA20 crossover occurs, in combination with the MACD confirmation and the condition that the price is on the correct side of the Daily SMA200. This base signal provides a 1-star quality rating.
Additional Filters (Adding Extra Stars):
RSI Filter: Adds 1 extra star if the RSI condition is met (RSI > 50 for long or RSI < 50 for short).
Volume Filter: Adds 1 extra star if the current volume exceeds its 20-period moving average.
ADX Filter: Adds 1 extra star if the ADX value is above 25, confirming a strong trend.
VWAP Filter: Adds 1 extra star if the price is above the VWAP for long trades (or below for short trades).
When all filters are met, you get a 5-star rating (1 star base + 4 extra stars).
Display and Alerts:
The indicator plots your SMAs on the chart.
When a signal occurs, it places a label on the chart showing the trade direction ("BUY" or "SELL") along with the quality rating in stars.
Additionally, alert conditions are set up so that you can receive notifications when a valid signal (based on the base criteria) is generated.
How to Use This Indicator
Filtering Trades:
Use the quality rating as a visual guide. For instance, if you want to only act on the most reliable setups, you might decide to trade only signals that are rated 4 or 5 stars.
Manual Confirmation:
Even with a high star rating, you can perform your own final checks (e.g., checking price action or additional chart patterns) before entering a trade.
Backtesting and Adjustment:
Because market conditions differ, it’s advisable to backtest the indicator on your instrument of choice and adjust the parameters (such as the ADX threshold or the period for volume averaging) to better suit your trading style.
Conclusion
This 5-star system indicator is designed to provide a comprehensive overview of trade quality by integrating multiple technical filters into one visual signal. It helps filter out noise by ensuring that a trade signal not only meets a basic SMA and MACD condition but also aligns with volume, trend strength (ADX), and VWAP criteria. This multi-layered approach can lead to fewer but higher quality trades, allowing you to focus on setups that have more confluence.
Happy trading!
Parabolic SAR Multiple Timeframe levels (TechnoBlooms)The Parabolic SAR (Stop and Reverse) is a valuable tool for traders due to its ability to provide clear signals for trend direction and potential reversal points. One of its primary benefits is the ease of use; it visually indicates whether the market is trending up or down, helping traders decide when to buy or sell. The indicator also aids in setting stop-loss orders as it moves with price, offering a dynamic way to manage risk by suggesting when to exit a position if the trend reverses.
Viewing the Parabolic SAR (PSAR) across multiple timeframes offers traders a comprehensive approach to understanding market trends and making strategic decisions. By analyzing the PSAR on shorter timeframes like 1-minute or 5-minute charts, traders can pinpoint precise entry and exit points for quick trades, capitalizing on immediate market movements.
Settings
> User can select 10 different timeframes according to their wish
> User can change Parabolic SAR settings like Start, Increment and Maximum Value
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.
Multi-Timeframe VWMA chartThis "Multi-Timeframe VWMA Indicator" is a powerful tool for traders seeking to analyze price action across multiple timeframes using the Volume Weighted Moving Average (VWMA). Built in Pine Script v6, it overlays a customizable VWMA on your chart while displaying a table that tracks how your chosen price source (e.g., close, open, high, low) interacts with the VWMA across eight timeframes: 1m, 3m, 5m, 15m, 1h, 4h, 1d, and 1w.
Key features include adjustable inputs: select your price source, set the VWMA length (default 20), pick the line color (default blue), adjust line width (default 2), and apply an offset (default 0, range -500 to 500) to shift the VWMA for precise alignment. The VWMA is plotted on the current chart timeframe, scaling naturally with price due to the overlay setting.
The table, positioned top-right, shows each timeframe’s status: an upward arrow (↑, green) if the source is above the VWMA, indicating bullish momentum, or a downward arrow (↓, red) if below, suggesting bearish pressure. Using request.security, it fetches data efficiently, making it ideal for multi-timeframe analysis. Perfect for traders wanting a clear, customizable view of VWMA-based trends.
Hammer and Shooting Star Alerts - FrmRisk2RichesThis custom Pine Script indicator helps traders identify potential reversal signals in the market by detecting the formation of Hammer and Shooting Star candlestick patterns on multiple timeframes. The indicator automatically analyzes the 1-minute, 5-minute, 15-minute, and 30-minute charts, alerting you when a Hammer or Shooting Star candle forms on any of these timeframes.
Multi-Timeframe 200 EMAMulti-Timeframe 200 EMA Indicator
Description:
This indicator plots the 200-period Exponential Moving Average (EMA) from multiple timeframes on a single chart. It allows traders to visualize key trend levels across different timeframes, helping with confluence, trend identification, and potential trade setups.
Key Features:
Multi-Timeframe EMAs: Displays the 200 EMA from the 2m, 5m, 15m, 30m, 1hr, and 4hr timeframes, regardless of the chart's current timeframe.
Dynamic Labeling: Each EMA is labeled with its respective timeframe (e.g., "2m", "1hr", "4hr") and the labels update in real-time, staying on the current EMA value.
Auto-Updating Labels: The labels move with the EMAs as new candles form, ensuring a clean and informative display. Old labels automatically disappear to prevent clutter.
Color-Coded EMAs: Each EMA has a unique color, making it easy to differentiate between timeframes.
How to Use This Indicator in Trading:
Trend Confirmation: If price stays above the higher timeframe 200 EMA (e.g., 1hr, 4hr), it suggests an uptrend; below it suggests a downtrend.
Support & Resistance Zones: The 200 EMA from larger timeframes often acts as strong dynamic support or resistance.
Multi-Timeframe Confluence: If multiple EMAs are aligned in the same direction, it strengthens the trend bias.
Reversal or Breakout Signals: When price crosses above or below a higher timeframe EMA, it could indicate a potential trend change or breakout opportunity.
Best Used For:
🔹 Scalpers & Day Traders: Helps identify intraday trends and key levels across multiple timeframes.
🔹 Swing Traders: Useful for aligning trade setups with higher timeframe trends.
🔹 Trend Followers: Provides confirmation of long-term trends using the 200 EMA.
Toby's Key LevelsAn Indicator that helps determine Key Areas on the chart. You set the values you want the horizontal lines to update. They horizontal lines will be used for exits and entries of trade. My recommendation for these Key Areas are as follows ( These recommendations are mostly for day trading and swing trading ):
XAU: Value distance of 50 ex. XAUUSD.
NAS: Value distance of 250 ex. NAS100/USTEC.
ETH: Value distance of 100 ex. ETHUSD.
AUD pairs: Value distance of 0.0200 ex. GBPAUD, EURAUD.
CAD pairs: Value distance of 0.0100 ex. NZDCAD, EURCAD.
CHF pairs: Value distance of 0.0100 ex. CADCHF, GBPCHF.
GBP pairs: Value distance of 0.00350 ex. EURGBP.
JPY pairs: Value distance of 2.00 ex. EURJPY, GBPJPY.
NZD pairs: Value distance of 0.015 ex. GBPNZD, AUDNZD.
Note:
These are subject to change and you can alter the lines anyhow you want to suit your trading style. These are what I recommend. Remember, Market is King.
Safe Trading!
Sentival | QuantEdgeBIntroducing Sentival by QuantEdgeB.
An Adaptive Multi-Factor Indicator for Market Valuation & Trend Strength
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Overview
The Sentival Valuation System is a medium-term, multi-factor valuation tool designed to assess market conditions using a combination of momentum, mean reversion, and risk-adjusted metrics. It provides traders and investors with a dynamic score reflecting market valuation, ranging from strongly oversold to strongly overbought conditions.
This system leverages a diverse range of technical indicators, including momentum oscillators, volatility measures, risk ratios, and mean-reversion metrics, providing a holistic view of market conditions.
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1. Key Features
🛠 Multi-Factor Valuation Model
Sentival aggregates nine different indicators, normalizing and rescaling them into a standardized z-score-based valuation system. The final output represents an average of the selected indicators, allowing for flexible customization based on the user’s preference.
📊 Customizable Indicator Selection
Users can enable or disable any of the nine valuation factors, ensuring the system adapts to different market environments, trading styles, and assets.
🔄 Multi-Timeframe Adaptability
Sentival can be used across different time horizons, making it suitable for short-term mean reversion, medium-term traders, or long-term valuation analysis by simply adjusting the timeframe and indicator settings. This flexibility allows traders to adapt Sentival to various market conditions and trading objectives.
🎨 Intuitive Dashboard & Color Coding
- Dynamic Heatmap & Dashboard: Displays valuation strength across multiple factors.
- Gradient-Based Overbought/Oversold Signals: Clear color-coded signals for easy interpretation.
- Background Highlighting: Optional oversold/overbought background zones.
🏆 Statistical & Risk-Based Insights
- Standardized Rescaling & Z-Score Analysis to prevent bias from individual indicators.
- Risk-Adjusted Metrics such as Sharpe, Sortino, and Omega Ratios help assess the overall market risk appetite.
- Trend Following Mode (TF Display): Users can enable the "Trend Following" option to display the trend direction, helping to align valuation signals with the broader market trend.
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2. How It Works
1️⃣ Normalization & Rescaling: Each selected indicator is transformed into a standardized scale to ensure fair weighting and prevent distortions from extreme values.
2️⃣ Multi-Indicator Aggregation: The system averages multiple valuation signals into a single z-score, providing a clear overbought/oversold reading rather than relying on a single metric.
3️⃣ Dynamic Trend Filtering: Users can enable Trend Following Mode (TF Display) to overlay directional trend confirmation, helping align valuation signals with momentum.
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4. Sentival Valuation Score & Interpretation
🔹 Sentival Score Ranges
- 📉 Strongly Oversold (-2 and below) → Market is extremely undervalued; potential reversal.
- 📉 Moderately Oversold (-1.5 to -2) → Discounted market conditions, buying interest may emerge.
- 📉 Slightly Oversold (-0.5 to -1.5) → Possible accumulation phase.
- ⚖ Fair Value (-0.5 to +0.5) → Market trading at equilibrium.
- 📈 Slightly Overbought (+0.5 to +1.5) → Initial signs of market strength.
- 📈 Moderately Overbought (+1.5 to +2) → Market heating up, caution warranted, selling interest may emerge.
- 📈 Strongly Overbought (+2 and above) → Extreme valuation, increased risk of correction.
This classification helps traders gauge overall market sentiment and make better allocation decisions.
Note: Past valuations and buy/sell signals generated by Sentival do not guarantee future performance. Market conditions can change, and proper risk management should always be applied.
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5. Use Cases & Applications
🔹 📊 Market Rotation & Asset Allocation
- Used as a valuation model to determine if a market or asset is undervalued or overvalued.
- Rotational strategies can benefit from the valuation score by switching exposure between assets.
🔹 📈 Medium-Term Trend Identification
- Detects overbought and oversold conditions while filtering out short-term noise.
- Can be combined with other trend-following indicators for confluence-based strategies.
🔹 🔄 Mean Reversion & Momentum Trading
- Provides statistical validation for momentum breakouts or mean reversion signals.
- Useful for long-short trading strategies, determining optimal entry & exit points.
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Conclusion
Sentival is a powerful universal valuation system for traders and investors seeking a data-driven, multi-factor approach to market valuation. With its combination of momentum, trend, risk-adjusted, and mean-reversion indicators, it provides a robust, adaptable, and statistically sound framework for making informed market decisions.
🔹 Who Should Use Sentival?
✅ Swing Traders & Medium-Term Investors looking for structured valuation metrics.
✅ Quantitative & Systematic Traders incorporating multi-factor models.
✅ Portfolio Managers optimizing exposure to different market regimes.
🔹 Disclaimer: Past performance is not indicative of future results. No trading strategy can guarantee success in financial markets.
🔹 Strategic Advice: Always backtest, optimize, and align parameters with your trading objectives and risk tolerance before live trading.
Multi timeframe RSIMulti-Timeframe RSI Indicator
This indicator displays the Relative Strength Index (RSI) from multiple timeframes—1 minute, 5 minutes, 15 minutes, and 30 minutes—on a single chart. Designed for intraday scalpers and short-term traders, it provides a comprehensive view of momentum across different timeframes, helping traders make more informed decisions.
✨ Why Use This Indicator?
✔ Enhanced Confirmation – Identify trends and momentum shifts with RSI signals from multiple timeframes.
✔ Perfect for Scalping & Intraday Trading – Quickly spot overbought/oversold conditions across different timeframes.
✔ Multi-Timeframe Confluence – Align entries and exits with stronger confirmation by analyzing RSI across short-term charts.
✔ Customizable & Easy to Use – Adjust RSI settings to suit your trading style.
This is a must-have tool for traders looking to refine their entries and exits with a multi-timeframe perspective! 🚀
Yearly Return % (Day-to-Day)How It Works:
It fetches the closing price from one year ago (using request.security with a daily lookback).
It calculates the percentage return relative to today’s closing price.
It plots the result in a separate pane.
Features:
Works on any timeframe but is more useful on daily or higher.
Automatically adjusts for different assets.
Zero Line for quick reference.
Clean, simple display without clutter.
TPO IQ [TradingIQ]Hello Traders!
Introducing "TPO IQ"!
TPO IQ offers a Time Price Opportunity profile with several customization options that packs several related features to help traders navigate the generated profiles!
Features
TPO Profiles
Single Print identification
Initial Balance Identification
Can be anchored to timeframe change
Can be anchored to fixed time interval
Last profile detailed visuals
Customizable value area percentage
POC identification
Mid-point identification
TPO Profiles
A TPO profile is a market profile visualization that details how much time was spent at each price level throughout the time interval.
The image above further explains what a TPO Profile is!
Each letter corresponds to a candlestick. With this information, traders are able to visualize how much time was spent at each price area.
With customizable gradient colors, specifically in this example, blocks colored red are the earliest times in the profile, blocks colored green are in the beginning half of the time midpoint of the profile. Blue blocks represent the first half of the end of the time period, and purple blocks correspond to the end of the time period.
Please note that this form of TPO profile generation will only occur when the most recent profile uses less than 500 alphabet characters! If more than 500 characters are preset, TPO IQ will revert to using labels!
Initial Balance
TPO IQ also identifies the initial balance range and all alphabet characters that form within it!
The image above exemplifies this feature. The initial balance range is denoted by a a neon-blue line, with a blue circle showing the opening price. All characters within the initial balance range are highlighted blue, which is a feature that can be disabled with customizable colors.
POC
TPO IQ also identifies the point of control (POC) of the TPO Profile.
The point of control for the profile is labeled yellow by default, and shows where price spent the most time throughout the time period.
The image above shows the POC for the time period being identified by TPO IQ.
Value Area
TPO IQ also identifies the value area of the profile. A customizable percentage that is 70% by default, the value area of a TPO profile shows where price traded the majority of the time.
The image above further explains this feature. For this example, with the value area percentage being set to 70%, the value area high and value area low show the price zone that prices traded at 70% of the time throughout the profile.
TPO Midpoint
In addition to the POC, the TPO profile midpoint is also identified by TPO IQ.
The TPO midpoint simply corresponds to the middle price between the session's high and low!
Fixed Interval Mode
By default, TPO IQ recalculates every day, but this can also be changed to a customizable session time, such as 4 hours. If 4 hours is selected, then a new TPO profile will be generated every 4 hours.
However, in Fixed Interval mode, a TPO profile will be generated through a user-defined time range, such as 1300-1700.
In the image above, Fixed Interval mode is applied with a time range of 1300-1700 and, consequently, TPO IQ generates a new profile throughout every 1300-1700 time range!
This feature allows traders to specify time ranges of interest to generate TPO profiles for!
TPO Overview Label
The TPO overview label shows key statistics for the TPO profile generated throughout the trading session!
The "TPO Count" statistic shows how many alphabetical letters were generated for the profile, which is an adequate method to determine the session's volatility and price range.
The "Tick Levels" statistic shows how many tick levels were used to create the profile - another method to determine the volatility and price range of the session.
The "Top Letter" statistic shows which letter appears most throughout the profile. In this example, the top letter was "f", which means throughout creation of the profile, the letter "f" appeared the most!
And that's all for now!
If you have any feedback or new feature ideas for TPO IQ please feel free to share them with us!
Thank you traders!
Higher Time Frame Fair Value Gap [ZeroHeroTrading]A fair value gap (FVG) highlights an imbalance area between market participants, and has become popular for technical analysis among price action traders.
A bullish (respectively bearish) fair value gap appears in a triple-candle pattern when there is a large candle whose previous candle’s high (respectively low) and subsequent candle’s low (respectively high) do not fully overlap the large candle. The space between these wicks is known as the fair value gap.
The following script aims at identifying higher timeframe FVG's within a lower timeframe chart. As such, it offers a unique perspective on the formation of FVG's by combining the multiple timeframe data points in the same context.
You can change the indicator settings as you see fit to achieve the best results for your use case.
Features
It draws higher timeframe bullish and bearish FVG's on the chart.
For bullish (respectively bearish) higher timeframe FVG's, it adds the buying (respectively selling) pressure as a percentage ratio of the up (respectively down) volume of the second higher timeframe bar out of the total up (respectively down) volume of the first two higher timeframe bars.
It adds a right extended trendline from the most recent lowest low (respectively highest high) to the top (respectively bottom) of the higher timeframe bullish (respectively bearish) FVG.
It detects and displays higher timeframe FVG's as early as one starts forming.
It detects and displays lower timeframe (i.e. chart's timeframe) FVG's upon confirmation.
It allows for skipping inside first bars when evaluating FVG's.
It allows for dismissing higher timeframe FVG's if there is no update for any period of the chart's timeframe. For instance, this can occur at lower timeframes during low trading activity periods such as extended hours.
Settings
Higher Time Frame FVG dropdown: Selects the higher timeframe to run the FVG detection on. Default is 15 minutes. It must be higher than, and a multiple of, the chart's timeframe.
Higher Time Frame FVG color select: Selects the color of the text to display for higher timeframe FVG's. Default is black.
Show Trend Line checkbox: Turns on/off trendline display. Default is on.
Show Lower Time Frame FVG checkbox: Turns on/off lower timeframe (i.e. chart's timeframe) FVG detection. Default is on.
Show Lower Time Frame FVG color select: Selects the color of the border for lower timeframe (i.e. chart's timeframe) FVG's. Default is white.
Include Inside Bars checkbox: Turns on/off the inclusion of inside first bars when evaluating FVG's. Default is on.
With Consistent Updates checkbox: Turns on/off consistent updates requirement. Default is on.
Flux Charts - S&D Screener💎 GENERAL OVERVIEW
Introducing Supply & Demand Zones (S&D) Screener! This screener can spot trading opportunities for Supply & Demand traders across 8 different tickers and timeframes simultaneously! This screener offers a wide range of configurable settings, explained within this write-up.
S&D Screener Features:
Supply & Demand Zones : This tool can detect Supply & Demand zones using one of the two detection methods.
Highly Configurable : Offers multiple parameters for fine-tuning detection settings.
Up to 8 Tickers : Allows traders to analyze multiple tickers & timeframes simultaneously for enhanced accuracy.
🚩 UNIQUENESS
The S&D Screener is the first ever tool on TradingView that allows traders to screen 8 different tickers on different timeframes for Supply & Demand Zones. Key factors that make it unique include:
✅ Comprehensive Dashboard – This screener provides a complete and customizable dashboard designed to enhance traders' decision-making by consolidating crucial Supply & Demand insights into one user-friendly interface.
✅ Multi-Ticker & Multi-Timeframe Analysis – With support for up to 8 tickers and timeframes, traders can effortlessly analyze the bigger market picture, identifying trends and opportunities across different assets and timeframes.
By combining multiple analytical elements in a single view, this screener empowers traders with the insights needed to navigate the market more effectively.
📌 HOW DOES IT WORK ?
The S&D Screener helps traders identify Supply & Demand Zones on multiple tickers & timeframes. It offers customizable settings to adapt to different trading styles. The screener includes two zone detection methods. The Momentum Method identifies zones based on strong bullish or bearish price movements, making it ideal for traders who seek quick market reactions. The Regression Method uses statistical regression to detect zones by analyzing price deviations from the trend, which is more suitable for long-term traders. You can customize your zone preferences and enable up to 8 tickers and their respective timeframes. You'll be able to see the status of the latest detected zones on that ticker/timeframe. You can also see the distance from current price of the ticker to the zone and how many times price has retested that zone.
Supply Zone
In trading, a supply zone is a specific area on a price chart where selling interest surpasses buying interest, leading to a potential decline in asset prices. This zone typically forms after a price rally, indicating that sellers find the asset overvalued and are prepared to sell, creating downward pressure. Identifying supply zones can help traders anticipate potential price reversals or pullbacks.
Trading Possibilities with Supply Zones
Entering Short Positions -> When the price approaches a recognized supply zone, traders may consider initiating short positions, anticipating that increased selling pressure will drive prices down.
Setting Profit Targets -> For traders holding long positions, supply zones can serve as strategic points to set profit targets, as these areas may signal potential resistance and a subsequent price drop.
Demand Zone
In trading, a demand zone is a specific area on a price chart where buying interest is strong enough to halt a downtrend and potentially reverse it upward. This zone indicates a price level where demand exceeds supply, leading to a rise in price. Identifying these zones can provide traders with strategic entry points for potential long positions.
Trading Possibilities with Demand Zones
Entering Long Positions -> When the price approaches a recognized demand zone, traders may consider initiating long positions, anticipating that increased buying pressure will drive prices up.
Setting Profit Targets -> For traders holding short positions, demand zones can serve as strategic points to set profit targets, as these areas may signal potential resistance and a subsequent price increase.
Momentum Detection Method
The Momentum Detection Method identifies supply and demand zones by analyzing the strength and direction of price movements over a specified period. It looks for a sequence of strong bullish or bearish candles to determine potential zones. The method is sensitive to the ‘Sensitivity’ setting, which adjusts the threshold for what constitutes a "strong" candle.
Using the momentum method is ideal for traders looking to capitalize on immediate price reactions and momentum shifts.
Regression Detection Method
The Regression Method uses statistical regression to identify supply and demand zones by analyzing price consolidation patterns. It fits a regression line to price data and identifies zones where price deviates significantly from the trend. This method is more mathematical and less reliant on individual candle patterns. It focuses on the overall price structure and identifies zones based on statistical deviations from the trend.
This method is particularly useful for traders who focus on longer-term price trends and prefer a more statistical approach to pinpoint zones.
Using the momentum method is ideal for traders looking to capitalize on immediate price reactions and momentum shifts.
Status ->
Far -> This status indicates that the current price is significantly distant from any identified supply or demand zones. In this scenario, traders might exercise patience, waiting for the price to approach these zones before considering entry or exit points.
Approaching ⬆️ -> The price is rising towards a supply zone, suggesting potential selling opportunities as the price nears an area where selling pressure previously dominated.
Approaching ⬇️ -> The price is falling towards a demand zone, indicating potential buying opportunities as the price approaches an area known for strong buying interest.
Inside -> The current price is within the boundaries of a supply or demand zone. This status often signals a critical decision point:
Inside a Supply Zone: The area where selling pressure may increase, potentially leading to a price decline. Traders might look for confirmation before initiating short positions.
Inside a Demand Zone: The area where buying interest could surge, possibly resulting in a price increase. Traders might seek validation before entering long positions.
Being "inside" a zone suggests heightened market activity and potential volatility, warranting close monitoring for trading signals.
Retests -> A retest occurs when the price revisits a supply or demand zone but fails to break through it. Specifically, during a retest, the wick of a candlestick enters the zone, but the candle closes below the supply zone or above the demand zone. This price action suggests that the zone remains a strong area of resistance or support, as the market couldn't sustain movement beyond it. Traders often view such retests as confirmations to enter positions in the direction opposite to the zone's boundary. For instance, if the price retests a supply zone and fails to close above it, it may signal a selling opportunity. Conversely, a failed retest of a demand zone could indicate a buying opportunity. Monitoring the number of retests can provide insights into the strength of these zones; multiple retests without a breakout may reinforce the zone's significance. Here you can see how many times the price retested the supply or demand zone.
⚠ Timeframe Restriction : The selected timeframes for analysis cannot be lower than the chart’s current timeframe to ensure proper data alignment.
⏰ ALERTS
This screener supports alerts, so you never miss a key market move. You can choose to receive alerts when a new demand or supply zone is created, helping you spot potential trading opportunities. Additionally, you can enable alerts for retests, which notify you when the price returns to test a previously identified zone. The alerts will work for each enabled ticker in the settings.
⚙️ SETTINGS
1. General Configuration
Detection Method : There are two detection methods you can choose from for identifying Supply & Demand Zones. Both methods aim to identify key areas where price is likely to react, but they do so using different approaches. Traders can choose the method that aligns with their trading style and time horizon.
Sensitivity : The Sensitivity setting allows traders to adjust how aggressively the script identifies supply and demand zones when using the Momentum Detection Method. This setting directly impacts the threshold for detecting zones when using the momentum detection method.
High Sensitivity -> Detects smaller price movements, resulting in more zones being identified. This is ideal for traders who want to capture even minor supply and demand imbalances and prefer a higher frequency of potential trading opportunities.
Medium Sensitivity -> Balances between detecting significant price movements and avoiding excessive noise. This setting is suitable for most traders who want a moderate number of zones without being overwhelmed.
Low Sensitivity -> Focuses on larger, more significant price movements, resulting in fewer zones being identified. This is ideal for traders who prioritize quality over quantity and prefer to focus on the most impactful supply and demand areas.
Lowest Sensitivity -> Detects only the strongest and most pronounced price movements, identifying the most significant zones. This setting is best for traders who want to focus on high-probability, high-impact zones and avoid minor fluctuations.
Zone Invalidation : The Zone Invalidation setting determines how supply and demand zones are invalidated.
Wick -> A zone is invalidated if a candle’s wick goes below a demand zone or above a supply zone.
Close -> A zone is invalidated if a candle closes below a demand zone or above a supply zone.
Zone Visibility Range : The Zone Visibility Range setting controls how far from the current price supply and demand zones are displayed on the chart. It helps traders focus on relevant zones while avoiding clutter from distant or less impactful areas.
Minimum Zone Width : The Minimum Zone Width setting defines the smallest size a supply or demand zone must have to be displayed on the chart. It uses the Average True Range (ATR) as a reference to ensure zones are proportionate to current market volatility.
Minimum Zone Length : The Minimum Zone Length setting determines the minimum number of bars a supply or demand zone must span to be displayed on the chart. This setting helps filter out short-lived or insignificant zones, ensuring only meaningful areas of supply or demand are highlighted.
2. Tickers
You can set, then enable or disable up to 8 tickers in this section to get informed about their latest supply or demand zone.
Support Resistance - Percentile LevelsKey Features:
1. Percentile Calculations:
The indicator calculates the 95th percentile (PercentilePlot100) and the 5th percentile (PercentilePlot5) of the high and low prices over specified lengths.
The lengths for these calculations are adjustable via input fields, allowing users to customize the periods used for percentile calculations.
2. Percentile Levels:
Resistance Levels (R1, R2, R3, R4): Plots resistance levels based on the 95th percentile of the high prices over different lengths (100, 200, 750, 4500).
Support Levels (S1, S2, S3, S4): Plots support levels based on the 5th percentile of the low prices over different lengths (100, 200, 750, 4500).
3. High-Timeframe Average:
Calculates and plots the average of the 750-period high and low percentiles (htfavg), which acts as a pivot point on the chart.
How to Use This Indicator:
1. Identify Key Support and Resistance Levels:
Use the plotted resistance (R1, R2, R3, R4) and support (S1, S2, S3, S4) levels to identify key areas where price may reverse or consolidate.
2. Pivot Point Analysis:
The plotted pivot point (htfavg) can be used to identify potential areas of trend change or consolidation. It represents the average price level based on higher timeframe percentiles.
3. Trend Analysis:
By observing how price interacts with these percentile levels, traders can gain insights into market trends and potential reversal points.
Customization:
The input fields allow you to customize the lengths of the percentiles and the percentile plot values according to your trading strategy and timeframe preference.
In summary, this indicator can help traders identify significant support and resistance levels, potential pivot points, and overall market trends based on percentile calculations of high and low prices over various periods. This can be valuable for making informed trading decisions and setting entry and exit points.
If you have any specific questions or need further customization, feel free to ask! 😊
Price-Aligned Trend Indicator - Saerthak AnandThis is a Pine Script (version 6) for TradingView that creates a "Price-Aligned Trend Indicator" with three different T3 moving averages (Fast, Medium, and Slow). The indicator colors the lines based on the trend (bullish, bearish, or neutral) and adds "BREAKOUT" or "BREAKDOWN" labels when the fast moving average crosses the medium moving average.
Explanation:
T3 Moving Average Calculation: The function calculates the T3 moving average by recursively applying the exponential moving average (EMA) multiple times.
Trend Conditions:
Bullish: Fast > Medium > Slow.
Bearish: Fast < Medium < Slow.
Neutral: Any other condition.
Plotting:
The three T3 moving averages are plotted with different levels of opacity based on the trend.
A colored cloud is filled between the fast and medium lines, indicating the current trend.
Breakout and Breakdown Labels:
A "BREAKOUT" label is displayed when the fast T3 crosses above the medium T3 and the overall trend is bullish.
A "BREAKDOWN" label is displayed when the fast T3 crosses below the medium T3 and the overall trend is bearish.
Suggestions for Improvement:
Performance Optimization: You may want to experiment with higher T3 lengths for smoother trend visualization.
Customization: Consider adding options for users to customize colors and label display.
Alert Conditions: You can add alertcondition for breakouts and breakdowns for real-time alerts in TradingView.
Signal Confirmation: Add further trend confirmation (e.g., volume analysis or RSI) to reduce false signals.
