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RSI Strength & Consolidation Zones (Zeiierman)█ Overview RSI Strength & Consolidation Zones (Zeiierman) is a hybrid momentum and volatility visualization tool that blends enhanced RSI interpretation with ADX-driven consolidation detection. This indicator doesn't just show where RSI is trending — it interprets how strong that trend is, when that strength changes, and where the market may be consolidating in anticipation of breakout movement. Using a combination of Kalman-filtered RSI, custom-built DMI/ADX, and low-volatility zone recognition, it gives traders a dynamic RSI with strength-based coloring, while also highlighting consolidation zones to spot breakout opportunities. █ Its uniqueness Traditional RSI indicators lack context. They may show you when the market is overbought or oversold, but they won’t tell you how strong that condition is, or whether it’s likely to result in continuation or consolidation. This tool aims to solve that by introducing adaptive strength metrics and structural compression zones, allowing traders to anticipate when the market is likely preparing for a move. █ How It Works ⚪ Enhanced RSI Combines traditional RSI and a custom RSI implementation Smooths both through a Kalman filter for trend direction Final RSI line reflects smoothed consensus between manual and built-in RSI Adds an RSI + Strength overlay to show when the directional conviction is increasing ⚪ ADX-Driven Strength Layer Directional Movement Index (DMI) is calculated both manually and with built-in smoothing The average ADX value is used to calculate a strength modifier When ADX exceeds 20, RSI is dynamically enhanced or dampened to reflect directional force Resulting visual: RSI appears stronger or weaker based on confirmed trend conditions ⚪ Consolidation Zone Detection When ADX falls below 20, the indicator enters a consolidation zone state Boxes are drawn dynamically to contain the price within these low-volatility structures Once the price breaks out of the zone, the indicator plots a breakout signal (▲ or ▼) ⚪ Breakouts Breakout markers are placed at the first close outside the consolidation box These signals serve as early indicators for potential trend continuation or reversal █ How to Use ⚪ Confirm Momentum Strength Use the RSI + Strength line to determine whether current momentum is backed by trend conviction. If strength expands alongside rising RSI, the move has confirmation. ⚪ Consolidations Zones When RSI is around the midline, and a consolidation box appears, expect lower volatility and a range-bound market, followed by a breakout. ⚪ Use Breakout Signals for Entry Look for ▲ or ▼ markers as early triggers. These often coincide with volume expansions or structural breaks. █ Settings Explained RSI Length – Number of bars used for RSI. Shorter = more sensitive. DMI Length – Used in both custom and built-in ADX/DI calculations. ADX Smoothing – Smooths the trend strength signal. Higher values = smoother strength detection. Trend Confirmation (Filter Strength) – Adjusts the responsiveness of the Kalman filter. ----------------- Disclaimer The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Pine Script® indicator
by Zeiierman
3
Ultimate Scalping Tool⚡[BullByte]Ultimate Scalping Tool⚡ A Multi-Dimensional Adaptive Oscillator for Precision Trading Core Concept & Originality This script is NOT a simple mashup of indicators. It introduces a proprietary "Quantum Flux Oscillator" that dynamically combines trend, momentum, volatility, and volume pressure into a single normalized score (-100 to +100), weighted adaptively based on market regime. Key innovations: 1. Adaptive Weighting System: Automatically adjusts component weights (Trend/Momentum/Volatility/Volume) based on real-time market conditions (e.g., increases trend weight during strong ADX phases). 2. Quantum Flux Candle Visualization: Translates oscillator values into candlestick-like structures for intuitive pattern recognition, with colors that shift based on confluence with higher timeframe filters. 3. Multi-Timeframe Smart Filtering: Implements a unique "Leading HTF Filter" that uses EMA crossovers (instead of lagging ADX) for faster trend confirmation. 4. Dynamic Thresholds: Auto-adjusts overbought/oversold levels using volatility-standard deviation, reducing false signals in choppy markets. --- 🛠 How It Works Component Integration Logic 1. Trend (ADX + DI): - Normalized ADX (0-1 scale) with directional bias from DI crossover. - Why? Isolates trending phases while filtering out sideways noise. 2. Momentum (RSI): - Standard RSI normalized to oscillate around zero. - Why? Confirms strength of moves identified by trend. 3. Volatility (ATR Ratio): - ATR divided by price to detect abnormal volatility regimes. - Why? Prevents false breakouts during low-volatility traps. 4. Volume Pressure (CMF): - Chaikin Money Flow normalized to detect institutional activity. - Why? Adds conviction by confirming retail vs. smart money participation. Signal Generation - Strong Buy/Sell: Requires oscillator >|25| AND trend alignment (DI+ > DI- for buys). - Early Signals: Uses oscillator delta (>0.5) to detect momentum shifts before thresholds are hit. - Pullback Signals: Triggers when oscillator retraces to neutral zone but trend remains intact. Dashboard Components & Trader Actions Trend (TF) displays normalized ADX/DI trend strength: green indicates bullish conditions at or above 0.4, gray signals a sideways market, and red denotes bearish readings at or below –0.4—traders should follow trades in the direction of green or red and avoid gray ranges. Momentum (TF) shows the RSI‑based momentum component: green for strong momentum, yellow for neutral, and red for weak—enter trades on green signals and be cautious when yellow appears. Volume (CMF) measures buying and selling pressure over the lookback period: dark green corresponds to high buying pressure and dark red to moderate selling—use green readings to confirm entries and exit on strong selling. Basic Signal is the primary entry/exit trigger: pullback sell appears in red, strong buy in green, and neutral states indicate no trade—execute buys on green, sells on red, and skip neutral. Advanced Signal refines guidance using oscillator peaks and delta smoothing: “ Caution – Momentum Weak” displays in yellow to warn of weakening momentum, while “Early Buy” appears in lime to suggest a building uptrend—exercise caution on yellow warnings and consider early setups on lime signals. RSI lists the raw 14‑period RSI value to highlight overbought (above 70) and oversold (below 30) conditions—use it as a secondary filter for entry and exit decisions. HTF Filter indicates the higher‑timeframe trend via EMA crossover or HTF‑ADX: green for bullish alignment and red for bearish—only follow signals aligned with the higher timeframe trend when the filter is enabled. VWAP shows the volume‑weighted average price, colored green when price trades above it and red when below—bias long positions above VWAP and short positions below. ADX displays the raw ADX reading along with an arrow showing its direction (up arrow if rising, down arrow if falling)—a rising ADX signals a trending market, while a flat ADX favors range‑trading strategies. Mode denotes the preset market‑type profile (Custom, Crypto, Stocks, or Forex) , allowing traders to quickly load optimized default settings for different asset classes. Regime indicates volatility regimes based on ATR ratio: green for low‑volatility environments and red for high‑volatility—favor mean‑reversion strategies in low‑volatility and trend‑following techniques in high‑volatility regimes. ⚙️ Filter Explanations 1. DI Reversal Filter: - Requires 3-bar confirmation when ADX >30 (reduces whipsaws). - Default: Off (Enable for conservative trading). 2. Dynamic Thresholds: - Adjusts OB/OS levels using volatility (e.g., expands thresholds in high ATR regimes). - Default: Off (Enable for crypto/volatile markets). 3. Leading HTF Filter: - Uses faster EMA crossover (9/21) instead of ADX for HTF alignment. - Default: On (Disable for pure mean-reversion strategies). 4. Adaptive Weighting - Automatically adjusts the influence of Trend/Momentum/Volatility/Volume based on market conditions. -Increases trend weight during strong ADX phases, boosts volatility weight in choppy markets, and reduces volume weight in low-liquidity instruments. Default: On (Disable for fixed-weight strategies). 5. Early Signal -Detects momentum shifts before the oscillator crosses thresholds using smoothed delta values. - Provides advance warnings (e.g., "Early Buy" when delta >0.5 + trend alignment) - Default: Off (Enable for aggressive entries, but requires tighter risk management) ⚠️ Disclaimer & Usage - Timeframe : Optimized for 5M-1H (scalping) and 4H-D (swing). - Markets : Pre-configured modes for Crypto (volatile), Stocks (trending), Forex (ranging). - Risk : Always use stop-losses. This tool generates confluence signals , not holy grail entries. - Backtest : Adaptive weights perform best with >100 trades for statistical significance. --- 🌟 What Makes This Different? Unlike basic oscillator mashups: - Context-Aware: Weights adjust to volatility (e.g., lowers volume weight in forex, boosts trend weight in stocks). - Visual Intelligence: Quantum candles turn yellow/purple when HTF + LTF signals align. - Early-Warning: Delta smoothing detects momentum shifts before crosses (e.g., "Early Buy" flags). --- 🔗 For parameter tuning, refer to the tooltip explanations next to each input. --- Note : This description intentionally avoids exaggerated claims ("100% accurate") and focuses on transparent methodology as required by TradingView guidelines. Good luck! BullByte
Pine Script® indicator
by BullByte
Pi Cycle | AlchimistOfCrypto Pi Cycle Top Indicator - A Powerful Market Phase Detector Developed by AlchimistOfCrypto 🧪 The Pi Cycle uses mathematical harmony to identify Bitcoin market cycle tops with remarkable precision. Just as elements react at specific temperatures, Bitcoin price behaves predictably when these two moving averages converge! 🧬 ⚗️ The formula measures when the 111-day SMA crosses below the 350-day SMA × 2, creating a perfect alchemical reaction that has successfully identified the major cycle tops in 2013, 2017, and 2021. 🔬 Like the Golden Ratio in nature, this indicator reveals the hidden mathematical structure within Bitcoin's chaotic price movements. 🧮 When the reaction occurs, prepare for molecular breakdown! 🔥
Pine Script® indicator
by AlchimistOfCrypto
Quad Rotation StochasticQuad Rotation Stochastic The Quad Rotation Stochastic is a powerful and unique momentum oscillator that combines four different stochastic setups into one tool, providing an incredibly detailed view of market conditions. This multi-timeframe stochastic approach helps traders better anticipate trend continuations, reversals, and momentum shifts with greater precision than traditional single stochastic indicators. Why this indicator is useful: Multi-layered Momentum Analysis: Instead of relying on one stochastic, this script tracks four independent stochastic readings, smoothing out noise and confirming stronger signals. Advanced Divergence Detection: It automatically identifies bullish and bearish divergences for each stochastic, helping traders spot potential reversals early. Background Color Alerts: When a configurable number (e.g., 3 or 4) of the stochastics agree in direction and position (overbought/oversold), the background colors green (bullish) or red (bearish) to give instant visual cues. ABCD Pattern Recognition: The script recognizes "shield" patterns when Stochastic 4 remains stuck at extreme levels (above 90 or below 10) for a set time, warning of potential trend continuation setups. Super Signal Alerts: If all four stochastics align in extreme conditions and slope in the same direction, the indicator plots a special "Super Signal," offering high-confidence entry opportunities. Why this indicator is unique: Quad Confirmation Logic: Combining four different stochastics makes this tool much less prone to false signals compared to using a single stochastic. Customizable Divergence Coloring: Traders can choose to have divergence lines automatically match the stochastic color for clear visual association. Adaptive ABCD Shields: Innovative use of bar counting while a stochastic remains extreme acts as a "shield," offering a unique way to filter out minor fake-outs. Flexible Configuration: Each stochastic's sensitivity, divergence settings, and visual styling can be fully customized, allowing traders to adapt it to their own strategy and asset. Example Usage: Trading Bitcoin with Quad Rotation Stochastic When trading Bitcoin (BTCUSD), you might set the minimum count (minCount) to 3, meaning three out of four stochastics must be in agreement to trigger a background color. If the background turns green, and you notice an ABCD Bullish Shield (Green X), you might look for bullish candlestick patterns or moving average crossovers to enter a long trade. Conversely, if the background turns red and a Super Down Signal appears, it suggests high probability for further downside, giving you strong confirmation to either short BTC or avoid entering new longs. By combining divergence signals with background colors and the ABCD shields, the Quad Rotation Stochastic provides a layered confirmation system that gives traders greater confidence in their entries and exits — particularly in fast-moving, volatile markets like Bitcoin.
Pine Script® indicator
by SaveWithCrypto
Scalping Supertrend + Stochastic RSIThe Scalping Supertrend + Stochastic RSI Indicator is designed for short-term trading and scalping on lower timeframes. It combines the Supertrend indicator to identify trend direction with the Stochastic RSI to pinpoint overbought/oversold conditions for precise entry and exit signals. The indicator generates buy and sell signals when the Stochastic RSI crosses predefined levels (oversold/overbought) while aligned with the Supertrend’s trend direction.
Pine Script® indicator
by Raisontgh
[blackcat] L1 Bollinger Bands Width WatcherOVERVIEW The Bollinger Bands Width Watcher is an advanced tool designed to monitor the width of Bollinger Bands, providing insights into market volatility and potential trend reversals. This indicator calculates both absolute and relative widths of the bands, plotting them on the chart for easy visualization. It also generates buy and sell signals based on crossover events, helping traders make informed decisions 📊✅. Today, this article introduces the final member of the Bollinger Bands trio—Bollinger Bands Width (BBW). Derived from the renowned Bollinger Bands, this indicator measures price volatility and identifies trading signals. First, let’s delve into what Bollinger Bands are. They consist of three lines associated with the price of a security: The middle line is typically a 20-day Simple Moving Average (SMA). The upper and lower bands represent two standard deviations above and below the middle band. The Bollinger Bands Width measures the distance between these upper and lower bands. Bollinger Bands Width = (Upper Band - Lower Band) / Middle Band Calculating BBW involves subtracting the lower band from the upper band and dividing by the middle band to obtain the BBW value. However, interpreting BBW values alone isn't enough to determine if they're narrow or wide. Different instruments or timeframes might define narrowness differently. To gauge the significance of band narrowing accurately, analyzing past BBW fluctuations alongside price movements is essential. One prominent theory involving Bollinger Bands is the "squeeze." A squeeze setup comprises two phases: Low volatility, where bands narrow, and prices move sideways. Increased volatility, where prices breach either the upper or lower band, initiating a new trend. During a bullish squeeze, BBW diminishes, and breaking above the upper band signals a new uptrend. Conversely, in a bearish squeeze, BBW declines, and falling below the lower band indicates a new downtrend. While BBW excels at spotting squeezes, traders must exercise caution. Even with a squeeze setup, a robust market trend might not materialize. Validating breakouts necessitates personal judgment and additional confirmation techniques. Now, let's explore key parameters and settings: Length: Defines the period for computing the base SMA, defaulting to 20 days. Source: Specifies the data source per candle, defaulting to the closing price. Standard Deviation: Sets the number of standard deviations from the SMA for the upper and lower bands, defaulting to 2. FEATURES Calculates Bollinger Bands Width using customizable parameters: Smoothing Length: Number of bars used for calculating the moving average and standard deviation. Source Price: Defaults to closing prices but can be adjusted. Standard Deviation Multiplier: Controls the width of the bands. Plots two types of Bollinger Bands Width: Absolute width relative to the basis (Yellow Line). Relative width compared to the close price (Fuchsia Line). Fills the area between the two plotted lines for better visual context 🌈 Generates buy ('Buy') and sell ('Sell') labels based on crossover events 🏷️ Provides alerts for crossover signals to notify users of potential trade opportunities 🔔 HOW TO USE Add the indicator to your TradingView chart by selecting it from the indicators list. Adjust the Smoothing Length, Source Price, and Standard Deviation Multiplier as needed ⚙️. Observe the plotted Bollinger Bands Width lines and filled areas for insights into market volatility. Monitor the chart for buy and sell labels indicating potential trade opportunities. Set up alerts based on the generated signals to receive notifications when conditions are met 📲. LIMITATIONS The indicator may generate false signals in highly volatile or ranging markets 🌪️. Users should combine this indicator with other forms of analysis for more reliable trading decisions. The effectiveness of the indicator may vary depending on the asset and timeframe being analyzed. NOTES Ensure that you have sufficient historical data available for accurate calculations. Test the indicator thoroughly on demo accounts before applying it to live trading 🔍. Customize the appearance and parameters as needed to fit your trading strategy.
Pine Script® indicator
by blackcat1402
Stochastics + Williams VixFix Master Strategy📈 Stochastics + Williams VixFix Master Strategy A precision-built reversal detection tool that combines momentum exhaustion with volatility panic spikes to identify high-probability turning points — especially effective on daily charts for ETFs and indices. 🔍 How It Works: ✅ Buy Signal triggers when: Stochastics %K and %D are both oversold A bullish crossover occurs A VixFix spike confirms market fear ❌ Sell Signal requires: %K and %D overbought A bearish crossover + bearish candle confirmation (lower close and red bar) 🎯 Highlights: Relaxed signal logic to avoid missed opportunities Filters out weak sell signals in choppy zones Clean visuals with background color cues Alerts ready for automation Use this strategy to confidently spot fear-driven bottoms and euphoria-driven tops — before the herd reacts.
Pine Script® indicator
by aldofg
1
Stochastics + CM Williams VixFix (Simple Buy Signal)📈 Stochastics + CM Williams VixFix (Simple Buy Signal) This indicator combines two powerful tools to detect potential bottoming opportunities: ✅ Stochastics: Looks for momentum reversals. A signal is triggered when both %K and %D are below the oversold threshold (default: 20), suggesting the asset is deeply oversold. ✅ CM Williams Vix Fix: A volatility-based fear detector. When it spikes above its dynamic threshold, it indicates potential panic selling — often preceding a market bounce. 💡 Buy Signal is generated when: %K and %D are both below 20 VixFix shows a volatility spike (green condition) Use this script to identify high-probability reversal setups, especially during market corrections or panic phases.
Pine Script® indicator
by aldofg
QuantumSync Pulse [ w.aritas ]QuantumSync Pulse (QSP) is an advanced technical indicator crafted for traders seeking a dynamic and adaptable tool to analyze diverse market conditions. By integrating momentum, mean reversion, and regime detection with quantum-inspired calculations and entropy analysis, QSP offers a powerful histogram that reflects trend strength and market uncertainty. With multi-timeframe synchronization, adaptive filtering, and customizable visualization, it’s a versatile addition to any trading strategy. Key Features Hybrid Signals: Combines momentum and mean reversion, dynamically weighted by market regime. Quantum Tunneling: Enhances responsiveness in volatile markets using volatility-adjusted calculations. 3-State Entropy: Assesses market uncertainty across up, down, and neutral states. Regime Detection: Adapts signal weights with Hurst exponent and volatility ROC. Multi-Timeframe Alignment: Syncs with higher timeframe trends for context. Customizable Histogram: Displays trend strength with ADX-based visuals and flexible styling. How to Use and Interpret Histogram Interpretation Positive (Above Zero): Bullish momentum; color intensity shows trend strength. Negative (Below Zero): Bearish momentum; gradients indicate weakness. Overlaps: Alignment of final_z (signal) and ohlc4 (price) histograms highlights key price levels or turning points. Regime Visualization Green Background: Trending market; prioritize momentum signals. Red Background: Mean-reverting market; focus on reversion signals. Blue Background: Neutral state; balance both signal types. Trading Signals Buy: Histogram crosses above zero or shows positive divergence between histograms. Sell: Histogram crosses below zero or exhibits negative divergence. Confirmation: Match signals with regime background—green for trends, red for ranges. Customization Tweak Momentum Length, Entropy Lookback, and Hurst Exponent Lookback for sensitivity. Adjust color themes and transparency to suit your charts. Tips for Optimal Use Timeframes: Use higher timeframes (1h, 4h) for trend context and lower (5m, 15m) for entries. Pairing: Combine with RSI, MACD, or volume indicators for confirmation. Backtesting: Test settings on historical data for asset-specific optimization. Overlaps: Watch for histogram overlaps to identify support, resistance, or reversals. Simulated Performance Trending Markets: Histogram stays above/below zero, with overlaps at retracements for entries. Range-Bound Markets: Oscillates around zero; overlaps signal reversals in red regimes. Volatile Markets: Quantum tunneling ensures quick reactions, with filters reducing noise. Elevate your trading with QuantumSync Pulse—a sophisticated tool that adapts to the market’s rhythm and your unique style.
Pine Script® indicator
by insidermike
4x Stochastic (20/80 and 15/85)4xstochastic range 20/80 or 15/85 Shows the 4 stochastics with default but ajustable settings: Stochastic 1 (%K1 og %D1): %K Length (periodK1): 9 %K Smoothing (smoothK1): 1 %D Smoothing (periodD1): 3 Stochastic 2 (%K2 og %D2): %K Length (periodK2): 14 %K Smoothing (smoothK2): 1 %D Smoothing (periodD2): 3 Stochastic 3 (%K3 og %D3): %K Length (periodK3): 40 %K Smoothing (smoothK3): 1 %D Smoothing (periodD3): 4 Stochastic 4 (%K4 og %D4): %K Length (periodK4): 60 %K Smoothing (smoothK4): 1 %D Smoothing (periodD4): 10
Pine Script® indicator
by peter_kobbernagel
RSI Aurora Pulse – Neon Momentum Visualizer📈 What Is RSI Aurora Pulse? RSI Aurora Pulse is a next-generation, visually enhanced momentum oscillator based on the Relative Strength Index (RSI). It adds powerful visual storytelling to price action using dynamic neon glow effects, vibrant trend shading, and an intuitive color-coded system. This indicator is perfect for traders who rely on quick visual assessments of market conditions. Designed to mimic a glowing aurora wave across bullish and bearish phases, this tool overlays your chart with electrifying blue-pink transitions, spotlighting momentum like never before. 🧠 Core Logic At its heart, the indicator calculates a smoothed RSI with ALMA and EMA filters to reduce noise. It then mimics a machine-learning–like blend (KNN-inspired) by weighting the raw RSI against a smoothed version for a more responsive signal. ✨ Instead of using actual ML models, it smartly simulates a predictive RSI that flows smoother and reacts clearer. 🌈 Visual Power Electric Blue Glow → Momentum is bullish (RSI > 50) Hot Pink Glow → Momentum is bearish (RSI < 50) These colors are applied to: A glowing fill area around the RSI line Real candles on the chart for instant trend visualization A real-time data table summarizing trend and color state This dual-level color sync (plot + candles) creates a glowing aurora that visually pulses with market direction. 📊 How to Read It RSI Zone Color Market Sentiment > 50 💙 Electric Blue Bullish momentum < 50 💗 Hot Pink Bearish momentum The further from 50 the RSI gets, the more intense the glow, highlighting trend strength. If RSI hugs 50, the fill tapers off, signaling indecision or consolidation. ✅ Ideal For: Scalpers and intraday traders who need instant trend confirmation Swing traders looking for clean momentum pivots Visual traders who prefer glow-based overlays rather than noisy oscillators 💡 Bonus Features: Smooth filter control via Glow Smoothing Strength Compact, stylish trend panel for clarity No repainting — RSI values update in real time This indicator was generated using a Pine Script AI tool. If you would like to learn more about the tool or have any inquiries, please feel free to contact us or leave a comment below.
Pine Script® indicator
by PineScriptsAI
Dual Momentum OSCOverview: Momentum OSC is a dual-layered momentum oscillator that blends multi-timeframe momentum readings with moving average crossovers for deeper insight into trend acceleration and exhaustion. Perfect for confirming trend strength or spotting early shifts in momentum. Features: ✅ Two separate momentum streams with customizable timeframes ✅ Smoothing via moving averages for both momenta ✅ Cross-timeframe momentum structure for confirmation and divergence ✅ Color-coded areas for intuitive visual interpretation ✅ Optional crossover markers to signal bullish/bearish momentum shifts How It Works: The script calculates two momentum values by comparing current price sources against lagged values across separate timeframes. Each is smoothed with a moving average to filter noise. The difference between momentum and its moving average forms a core component of trend strength confirmation. Optional visual circles mark bullish or bearish crossovers. Customizable Inputs: Timeframes, sources, lengths, and MA periods for both momentum streams Toggle to display momentum cross signals (circles) Works on any asset or timeframe
Pine Script® indicator
by adamples01
Stochastic and RSI2 entriesStochastic and RSI2 entries, v1.0 This indicator combines Stochastic and RSI to facilitate "RSI2" entry signals. Buy signals will be shown at the bottom. The default configuration uses non-standard settings for the underlying indicators to tailor it for this type of entry strategy. This is an entry strategy that tries to find entries close to "the dip". A combination of Stochastic crossovers, VWAP, daily SMA50 and daily SMA200 are used to verify buy signals. This indicator is written for bullish signals and aims to find the start of short trends or cheap entries for longer positions. Like with any strategy, some signals will be false, and the user is advised to do some own research before using the buy signals for actual entries. Happy trading!
Pine Script® indicator
by infoq1suh
Kalman Filtered RSI | [DeV]The Kalman Filtered RSI indicator is an advanced tool designed for traders who want precise, noise-free market insights. By enhancing the classic Relative Strength Index (RSI) with a Kalman filter, this indicator delivers a smoother, more reliable view of market momentum, helping you identify trends, reversals, and overbought/oversold conditions with greater accuracy. It’s an ideal choice for traders seeking clear signals amidst market volatility, giving you a competitive edge across any trading environment. The RSI measures momentum by analyzing price movements over a set period, typically 14 bars. It calculates the average of price gains on up days and the average of price losses on down days, then compares these to produce a value between 0 and 100. An RSI above 70 often indicates an overbought market that may reverse downward, while below 30 suggests an oversold market that could reverse upward. RSI is great for spotting momentum shifts, potential reversals, and trend strength, but it can be noisy in choppy markets, leading to misleading signals. That's where the Kalman filter comes in; it enhances the RSI by applying a sophisticated smoothing process that predicts the RSI’s next value based on its historical trend, then updates this prediction with the actual RSI reading. It operates in two phases: prediction and correction. In the prediction phase, it uses the previous filtered RSI and adds uncertainty from process noise (Q), which is derived from the historical variance of RSI changes, reflecting how much the RSI might unexpectedly shift. In the correction phase, it calculates a Kalman gain based on the ratio of prediction uncertainty to measurement noise (R), which is determined from the variance between raw RSI and a smoothed version, indicating the raw data’s noisiness. This gain weights how much the filter trusts the new RSI versus the prediction, blending them to produce a smoothed RSI that reduces noise while staying responsive to real trends, outperforming simpler methods like moving averages that often lag or oversmooth. With the Kalman Filtered RSI, you get a refined view of momentum, making it easier to spot trends and reversals with clarity. This indicator’s ability to dynamically adapt to market changes delivers timely, reliable signals, making it a powerful addition to your trading strategy for any market or timeframe.
Pine Script® indicator
by DeVrizii
Volume by PriceDescription: This Pine Script v6 indicator displays a chart that multiplies the volume by the closing price for each bar. It's often referred to as "monetary volume" or "traded value." This allows for the visualization of monetary activity on a price chart. Technical Insights: - Calculation: The indicator simply multiplies the volume of each bar (volume) by its closing price (close). - Display: The result is plotted as a line in a separate pane below the main price chart. The height of the line at each point represents the product of the volume and the closing price at that time. - Interpretation: - Spikes in Volume * Price: Indicate significant monetary activity. This can signal strong interest in the asset at that price level. - Low Volume * Price: Suggests a lack of interest or conviction. - Divergences: If volume * price increases while the price decreases (or vice versa), it may signal a weakening of the current trend. How to Use: 1. Identify Areas of Interest: Look for significant spikes in the volume * price chart. These areas may coincide with key support or resistance levels. 2. Confirm Trends: A price movement upwards (or downwards) accompanied by an increase in volume * price strengthens the validity of that trend. 3. Spot Divergences: Pay attention to situations where the volume * price does not confirm the price movement. This could indicate a potential reversal. 4. Combine with Other Indicators: Use this indicator in conjunction with other technical analysis tools (moving averages, RSI, MACD, etc.) for a more comprehensive view. Potential Applications: - Breakout Confirmation: A breakout of a price level (support or resistance) accompanied by increased volume * price is a stronger signal than a breakout with low volume. - Identifying High Activity Zones: This indicator can help pinpoint price levels where a lot of trading has occurred, potentially indicating future support/resistance areas. - Analyzing Market Participation: High volume * price suggests strong participation, while low volume * price indicates a lack of interest. - Detecting Divergences: Divergences between volume * price and price can signal potential trend reversals. - Momentum Trading: Combined with other momentum indicators, it can help identify entry and exit points. Important Notes: - This indicator is based on the closing price. It does not take into account the highs and lows of each bar. - Volume * price is an analysis tool, not a standalone trading system. It should be used in conjunction with other indicators and strategies. - The interpretation of volume * price may vary depending on the market and the time frame being analyzed. Feel free to adapt this description to your own style and needs. You can also add concrete examples or screenshots to illustrate its use.
Pine Script® indicator
by DanyBedard2309