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Inversion Fair Value Gap Oscillator | Flux Charts💎 GENERAL OVERVIEW Introducing the new Inversion Fair Value Gap Oscillator (IFVG Oscillator) indicator! This unique indicator identifies and tracks Inversion Fair Value Gaps (IFVGs) in price action, presenting them in an oscillator format to reveal market momentum based on IFVG strength. It highlights bullish and bearish IFVGs while enabling traders to adjust detection sensitivity and apply volume and ATR-based filters for more precise setups. For more information about the process, check the "📌 HOW DOES IT WORK" section. Features of the new IFVG Oscillator: Fully Customizable FVG & IFVG Detection An Oscillator Approach To IFVGs Divergence Markers For Potential Reversals Alerts For Divergence Labels Customizable Styling 📌 HOW DOES IT WORK? Fair Value Gaps are price gaps within bars that indicate inefficiencies, often filled as the market retraces. An Inversion Fair Value Gap is created in the opposite direction once a FVG gets invalidated. The IFVG Oscillator scans historical bars to identify these gaps, then filters them based on ATR or volume. Each IFVG is marked as bullish or bearish according to the opposite direction of the original FVG that got invalidated. An oscillator is calculated using recent IFVGs with this formula : 1. The Oscillator starts as 0. 2. When a new IFVG Appears, it contributes (IFVG Width / ATR) to the oscillator of the corresponding type. 3. Each confirmed bar, the oscillator is recalculated as OSC = OSC * (1 - Decay Coefficient) The oscillator aggregates and decays past IFVGs, allowing recent IFVG activity to dominate the signal. This approach emphasizes current market momentum, with oscillations moving bullish or bearish based on IFVG intensity. Divergences are marked where IFVG oscillations suggest potential reversals. Bullish Divergence conditions are as follows : 1. The current candlestick low must be the lowest of last 25 bars. 2. Net Oscillator (Shown in gray line by default) must be > 0. 3. The current Bullish IFVG Oscillator value should be no more than 0.1 below the highest value from the last 25 bars. Traders can use divergence signals to get an idea of potential reversals, and use the Net IFVG Oscillator as a trend following marker. 🚩 UNIQUENESS The Inversion Fair Value Gap Oscillator stands out by converting IFVG activity into an oscillator format, providing a momentum-based visualization of IFVGs that reveals market sentiment dynamically. Unlike traditional indicators that statically mark IFVG zones, the oscillator decays older IFVGs over time, showing only the most recent, relevant activity. This approach allows for real-time insight into market conditions and potential reversals based on oscillating IFVG strength, making it both intuitive and powerful for momentum trading. Another unique feature is the combination of customizable ATR and volume filters, letting traders adapt the indicator to match their strategy and market type. You can also set-up alerts for bullish & bearish divergences. ⚙️ SETTINGS 1. General Configuration Decay Coefficient -> The decay coefficient for oscillators. Increasing this setting will result in oscillators giving the weight to recent IFVGs, while decreasing it will distribute the weight equally to the past and recent IFVGs. 2. Fair Value Gaps Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation. Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average. FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish. Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs. 3. Inversion Fair Value Gaps Zone Invalidation -> Select between Wick & Close price for IFVG Zone Invalidation. 4. Style Divergence Labels On -> You can switch divergence labels to show up on the chart or the oscillator plot.
Pine Script™ indicator
by fluxchart
Rikki's DikFat Buy/Sell OscillatorAttached we have a very simple Buy/Sell Oscillator. This script will color candles red when price is bear trending and green when price is bull trending. I have taken elements of our CCI color signaler indicator found here: to make this very simple and easy to read candlestick color oscillator for traders both new and seasoned. The the red candles color red as a result of the fuchsia CCI condition on the previously mentioned indicator. The green candles color as a result of the black CCI color condition on the previously mentioned script. The script was modified to run the black CCI condition anywhere the fuchsia condition is not displayed and the colors were changed to red and green for a clean visual representation on the chart. I have not quite got the wick and border colors correct. For some reason they keep reverting when you click out of the script setting. Will update once complete. The code and script are public. Enjoy :)
Pine Script™ indicator
by Midgar-
Probabilistic Trend Oscillator** MACD PLOTS ARE NOT PART OF THE INDICATOR IT IS FOR COMPARSION** The "Probabilistic Trend Oscillator" is a technical indicator designed to measure trend strength and direction by analyzing price behavior relative to a moving average over both long-term and short-term periods. This indicator incorporates several innovative features, including probabilistic trend detection, enhanced strength scaling, and percentile-based thresholds for identifying potential trend reversals. Key Components Inputs: The indicator allows users to customize several key parameters: EMA Length defines the period for the Exponential Moving Average (EMA), which serves as a baseline to classify trend direction. Long and Short Term Lengths provide customizable periods for analyzing trend strength over different timeframes. Signal Line Length is used to smooth the trend strength data, helping users spot more reliable trend signals. Extreme Value Lookback Length controls how far back to look when calculating percentile thresholds, which are used to identify overbought and oversold zones. Trend Classification: The indicator categorizes price behavior into four conditions: Green: Price closes above the open and is also above the EMA, suggesting a strong upward trend. Red: Price closes below the open but is above the EMA, indicating weaker upward pressure. Green1: Price closes above the open but remains below the EMA, representing weak upward movement. Red1: Price closes below the open and the EMA, signaling a strong downward trend. Trend Strength Calculation: The script calculates long-term and short-term trend values based on the frequency of these trend conditions, normalizing them to create probabilistic scores. It then measures the difference between the short-term and long-term trend values, creating a metric that reflects the intensity of the current trend. This comparison provides insight into whether the trend is strengthening or weakening. Enhanced Trend Strength: To emphasize significant movements, the trend strength metric is scaled by the average absolute price change (distance between close and open prices). This creates an "enhanced trend strength" value that highlights periods with high momentum. Users can toggle between two variations of trend strength: Absolute Trend Strength is a straightforward measure of the trend's force. Relative Trend Strength accounts for deviations between short term and long term values, focusing on how current price action differs from a long term behavior. Percentile-Based Thresholds: The indicator calculates percentile thresholds over the specified lookback period to mark extreme values: The 97th and 3rd percentiles act as overbought and oversold zones, respectively, indicating potential reversal points. Intermediate levels (75th and 25th percentiles) are added to give additional context for overbought or oversold conditions, creating a probabilistic range. Visualization: The selected trend strength value (either absolute or relative) is plotted in orange. Overbought (green) and oversold (red) percentiles are marked with dashed lines and filled in blue, highlighting potential reversal zones. The signal line—a smoothed EMA of the trend strength—is plotted in white, helping users to confirm trend changes. A gray horizontal line at zero acts as a baseline, further clarifying the strength of upward vs. downward trends. Summary This indicator provides a flexible, probabilistic approach to trend detection, allowing users to monitor trend strength with customizable thresholds and lookback periods. By combining percentile-based thresholds with enhanced trend strength scaling, it offers insights into market reversals and momentum shifts, making it a valuable tool for both trend-following and counter-trend trading strategies.
Pine Script™ indicator
by federalTacos5392b
EMA Cross + RSI Pullback Strategy with 1H ConfirmationThis strategy combines an ema9 and ema21 cross on the 15min timeframe with a short retest of the RSI 50-line (or close to the RSI 50-line) on the candle before the cross, on the cross, or one or two candles after the cross. The script uses higher time frame confirmation on the 1 hour. It gives only a buy signal on the 15 minute if on the 1 hour the ema21 is above the ema 50. It gives only a sell signal on the 15 minute if on the 1 hour the ema21 is below the ema50. It is still in the testing phase. So please backtest this strategy before putting money in the game. I combine my trading with the ATR stoploss finder set on 0.8 (instead of 1.5 default) and aim for RR 1:2 or better. Please feel free to comment (nicely and polite) ;)
Pine Script™ strategy
by mikevdbosch
Alex JMA RSX Clone with Price & Divergence [LazyBear]Indicator Description: RSX Indicator (RSXC_LB): This script is based on a clone of the JMA RSX (Relative Strength Index clone by LazyBear). It is a momentum-based indicator that helps identify overbought and oversold levels, as well as potential trend reversals. Functional Changes: Convergence is now marked with a white line on the RSX plot. Bullish Divergence is marked with a green line, indicating potential upward movement. Bearish Divergence is marked with a red line, indicating potential downward movement. The default state is marked with a blue line. Strong Divergences (both bullish and bearish) are highlighted with triangle markers on the chart. Updated Features: The script now visualizes convergence and divergence more clearly using distinct colors: White: Convergence (indicates potential trend strength). Green: Bullish divergence (possible price increase). Red: Bearish divergence (possible price decrease). Blue: Neutral/default state. Triangle markers indicate strong divergences, making it easier for the user to spot critical moments. This visual enhancement aims to provide clearer and more intuitive signals for traders using the RSX indicator, helping them identify trend changes and reversals more effectively.
Pine Script™ indicator
by grantmax
Stormico Screener 40, EMA 80 (Slow Stochastic 8)This screener is a tribute to Alexandre Wolwacz, known as "Stormer," one of the most influential traders in the Brazilian financial market. Stormer is renowned for his experience and skill in technical analysis, as well as his dedication to teaching trading strategies to traders at all levels. He is particularly known for his focus on strategies with a positive risk-reward ratio and low drawdown, something he conveys to his followers with clarity and practicality. The screener presented here uses a setup frequently employed by Stormer to capture pullbacks in uptrends, focusing on strategic entries, short stops, and long targets. It utilizes an 8-period Slow Stochastic and an 80-period Exponential Moving Average (EMA) and is suitable for Day Trading, Swing Trading, and Position Trading on weekly charts. Main Elements of the Setup: 80-Period Exponential Moving Average (EMA): The 80 EMA is used as a trend filter. When the price is above it, we consider an uptrend and look for buying opportunities. When the price is below it, buy trades are avoided, prioritizing trades that follow the upward trend. Slow Stochastic Oscillator: The 8-period Slow Stochastic is used to capture entry points during pullbacks. In an uptrend, we look for moments when the oscillator reaches oversold levels (below 20), indicating a possible entry at an attractive price while remaining aligned with the main market direction. Entry and Exit Criteria: Buy: The entry occurs when the stochastic oscillator is in oversold levels and the price stays above an ascending 80 EMA with a bullish candle or inside bar, or when the stochastic turns upward. Short Stop: The stop-loss is positioned below a recent support level, limiting risk and minimizing drawdown. Long Target: Once in operation, the goal is to ride the trend with wider targets to maximize gains. The target suggested by Stormer can be set at twice the risk (2x Risk) or the previous high on the chart. Positive Risk-Reward Ratio and Low Drawdown With a short stop and a larger profit target, this setup is ideal for capturing entries with a favorable risk-reward ratio, minimizing drawdown and maximizing profit potential in trades that follow the trend. This screener applies this setup across 40 assets, identifying the best opportunities according to the "Stormer" method. It displays the 8 and 80 EMAs and can be complemented by the Stormico Screener 40, Slow Stochastic (EMA 80). The setup was also a favorite of his daughter Carol, who contributed greatly to live sessions and classes with Stormer. This screener honors both of them and Alexandre Wolwacz’s methodology, with deep respect for all he has contributed to the market and his students.
Pine Script™ indicator
by roblesdrum
Stormico Screener 40, Slow Stochastic (EMA 80)This screener is a tribute to Alexandre Wolwacz, known as "Stormer," one of the most influential traders in the Brazilian financial market. Stormer is renowned for his experience and skill in technical analysis, as well as his dedication to teaching trading strategies to traders at all levels. He is particularly known for his focus on strategies with a positive risk-reward ratio and low drawdown, something he conveys to his followers with clarity and practicality. The screener presented here uses a setup frequently employed by Stormer to capture pullbacks in uptrends, focusing on strategic entries, short stops, and long targets. It utilizes an 8-period Slow Stochastic and an 80-period Exponential Moving Average (EMA) and is suitable for Day Trading, Swing Trading, and Position Trading on weekly charts. Main Elements of the Setup: 80-Period Exponential Moving Average (EMA): The 80 EMA is used as a trend filter. When the price is above it, we consider an uptrend and look for buying opportunities. When the price is below it, buy trades are avoided, prioritizing trades that follow the upward trend. Slow Stochastic Oscillator: The 8-period Slow Stochastic is used to capture entry points during pullbacks. In an uptrend, we look for moments when the oscillator reaches oversold levels (below 20), indicating a possible entry at an attractive price while remaining aligned with the main market direction. Entry and Exit Criteria: Buy: The entry occurs when the stochastic oscillator is in oversold levels and the price stays above an ascending 80 EMA with a bullish candle or inside bar, or when the stochastic turns upward. Short Stop: The stop-loss is positioned below a recent support level, limiting risk and minimizing drawdown. Long Target: Once in operation, the goal is to ride the trend with wider targets to maximize gains. The target suggested by Stormer can be set at twice the risk (2x Risk) or the previous high on the chart. Positive Risk-Reward Ratio and Low Drawdown With a short stop and a larger profit target, this setup is ideal for capturing entries with a favorable risk-reward ratio, minimizing drawdown and maximizing profit potential in trades that follow the trend. This screener applies this setup across 40 assets, identifying the best opportunities according to the "Stormer" method. It displays the 8 and 80 EMAs and can be complemented by the Stormico Screener 40, EMA 80 (Slow Stochastic 8). The setup was also a favorite of his daughter Carol, who contributed greatly to live sessions and classes with Stormer. This screener honors both of them and Alexandre Wolwacz’s methodology, with deep respect for all he has contributed to the market and his students.
Pine Script™ indicator
by roblesdrum
Depth Trend Indicator - RSIDepth Trend Indicator - RSI This indicator is designed to identify trends and gauge pullback strength by combining the power of RSI and moving averages with a depth-weighted calculation. The script was created by me, Nathan Farmer and is based on a multi-step process to determine trend strength and direction, adjusted by a "depth" factor for more accurate signal analysis. How It Works Trend Definition Using RSI: The RSI Moving Average ( rsiMa ) is calculated to assess the current trend, using customizable parameters for the RSI Period and MA Period . Trends are defined as follows: Uptrend : RSI MA > Critical RSI Value Downtrend : RSI MA < Critical RSI Value Pullback Depth Calculation: To measure pullback strength relative to the current trend, the indicator calculates a Depth Percentage . This is defined as the portion of the gap between the moving average and the price covered by a pullback. Depth-Weighted RSI Calculation: The Depth Percentage is then applied as a weighting factor on the RSI Moving Average , giving us a Weighted RSI line that adjusts to the depth of pullbacks. This line is rather noisy, and as such we take a moving average to smooth out some of the noise. Key Parameters RSI Period : The period for RSI calculation. MA Period : The moving average period applied to RSI. Price MA Period : Determines the SMA period for price, used to calculate pullback depth. Smoothing Length : Length of smoothing applied to the weighted RSI, creating a more stable signal. RSI Critical Value : The critical value (level) used in determining whether we're in an uptrend or a downtrend. Depth Critical Value : The critical value (level) used in determining whether or not the depth weighted value confirms the state of a trend. Notes: As always, backtest this indicator and modify the parameters as needed for your specific asset, over your specific timeframe. I chose these defaults as they worked well on the assets I look at, but it is likely you tend to look at a different group of assets over a different timeframe than what I do. Large pullbacks can create large downward spikes in the weighted line. This isn't graphically pleasing, but I have tested it with various methods of normalization and smoothing and found the simple smoothing used in the indicator to be best despite this.
Pine Script™ indicator
by nathanfarmer
Custom AO with Open Difference**Custom AO with Open Difference Indicator** This indicator, *Custom AO with Open Difference*, is designed to help confirm trend direction based on the relationship between the daily open price and recent 4-hour open prices. It calculates the Awesome Oscillator (AO) based on the difference between the daily open price and the average of the previous six 4-hour open prices. This approach provides insight into whether the current open price is significantly diverging from recent short-term opens, which can indicate a trend shift or continuation. ### Technical Analysis and Features 1. **Trend Confirmation**: By comparing the daily open with the mean of six previous 4-hour open prices, this indicator helps identify trends. When the current daily open is below the average of recent opens, the AO value will plot as green, signaling potential upward momentum. Conversely, if the daily open is above the recent average, the histogram will plot red, suggesting possible downward momentum. 2. **Non-Repainting**: Since it relies on completed 4-hour and daily open prices, this indicator does not repaint, ensuring that all values remain fixed after the close of each period. This non-repainting feature makes it suitable for backtesting and reliable for trend confirmation without fear of historical changes. 3. **AO Mean Calculation**: The indicator calculates the average of six previous 4-hour open prices, providing a smoothed value to reduce short-term noise. This helps in identifying meaningful deviations, making the AO values a more stable basis for trend determination than using just the latest 4-hour or daily open. 4. **Histogram for Visual Clarity**: The indicator is displayed as a histogram, making it easy to identify trend changes visually. If the AO bar turns green, it’s a signal that the 4-hour average is below the daily open, suggesting an uptrend or bullish momentum. Red bars indicate that the daily open is above the recent 4-hour averages, potentially signaling a downtrend or bearish momentum. ### Practical Application The *Custom AO with Open Difference* is a versatile tool for confirming the open price trend without needing complex oscillators or lagging indicators. Traders can use this tool to gauge the market sentiment by observing open price variations and use it as a foundation for decision-making in both short-term and daily timeframes. Its non-repainting nature adds reliability for traders using this indicator as part of a broader trading strategy.
Pine Script™ indicator
by CocoPine
ATAMOKU - Ichimoku-Based Independent Scoring System Name Origin of ATAMOKU: The name ATAMOKU combines "Ata" (which means "I existed" in Japanese and "ancestor or father" in Turkish, which is also my name) and "Moku," meaning "cloud" in Japanese. This name reflects a unique scoring system based on Ichimoku principles, designed to help traders analyze trends and identify entry and exit points more accurately. Scoring System Overview: ATAMOKU leverages key Ichimoku values, including the Conversion Line, Base Line, and Leading Spans A and B. By applying mathematical functions and formulas, these values are used to generate a comprehensive score that indicates market strength and trend direction. This scoring system works independently of the price position relative to the Ichimoku cloud, allowing traders to identify potential entry and exit points in any time frame. Signal and Smoothing Lines: The script includes signal and smoothed lines that display signals continuously and can be customized with different smoothing techniques such as SMA, EMA, and WMA. These lines visually highlight entry and exit points, adapting to the trader's individual strategy. Settings and Customization: ATAMOKU offers several customization options to suit various trading preferences: Scoring Method: The scoring system uses hierarchical comparisons of Ichimoku values, with configurable weights for each comparison. Smoothing Techniques: Users can choose from several smoothing methods (SMA, EMA, WMA) to adjust signal sensitivity, allowing traders to fine-tune the display according to their preferred trading style. Period Adjustments: Options for adjusting the period of the scoring and smoothing calculations are provided to accommodate different time frames and trading strategies. Display and Visualization: ATAMOKU presents the data using a histogram and line chart format, enabling traders to observe trends and potential entry and exit points quickly and clearly. Key Features: Flexibility Across Time Frames, usable on any time frame without restriction. Independent Cloud Position Scoring, Generates signals and identifies entry and exit points independently of the price position relative to the cloud. Multi-Dimensional Analysis, Analyzes various Ichimoku data points and uses mathematical functions to offer traders a comprehensive market view. Support and Contact: For further information, customization questions, or support, please feel free to reach out via Private Message on TradingView. If you have a Premium account, additional contact details can also be included in the Signature field below.
Pine Script™ indicator
by ata_sabanci
Black RSI (Multi Symbol RSI)📌 GENERAL OVERVIEW Black RSI (Multi Symbol RSI) is an indicator with multiple-RSI (multi-symbol support), It is a powerful indicator designed for analyzing the relative strength of multiple financial instruments within a single chart. This indicator essentially combines multiple instances of the Relative Strength Index (RSI) for different symbols, allowing traders to compare and contrast market conditions for a broader, simultaneous analysis of various assets. By tracking RSI across multiple assets, traders can identify broader market trends, and sector rotations, or pinpoint relative strengths and weaknesses among different instruments. Please check the below sections for details. Black RSI (Multi Symbol RSI) Indicator Features Summary: + Multiple RSI with multi-symbol ◢ This indicator plots Primary+3 multiple RSI for multiple symbols at once. For instance, it could simultaneously show the RSI of indices (e.g., SPX, NASDAQ) or stocks within a sector, providing insights into how these assets are moving relative to one another. + Custom Divergence Module ◢ It allows the user to select the divergence source among the multiple RSI (Primary, 1st, 2nd or 3rd RSI) and displays regular/hidden bullish/bearish divergence for selected RSI only. + Custom RSI Moving Average/BBs ◢ It allows the user to select the RSI moving average/BBs source among the multiple RSI (Primary, 1st, 2nd or 3rd RSI) and displays moving average/BBs for selected RSI only. + Alert Triggers ◢ The indicator can incorporate alert functions that notify the user when an RSI threshold (e.g., overbought or oversold levels) is crossed for any of the selected symbols. 📌HOW TO USE IT Confirm Trends Across Symbols: Use the indicator to confirm trends across multiple assets. For example, if most symbols within a sector or index are showing RSI levels above 50, it may indicate a bullish trend in that sector. Conversely, if most RSIs are below 50, it may signal bearish sentiment. Spot Divergences: Look for RSI divergences across symbols, which can hint at potential reversals. For instance, if most symbols show declining RSI levels while a few have increasing RSI, it could indicate relative strength in those few, making them candidates for closer watch. Identify Overbought/Oversold Conditions: By observing the RSI levels of multiple symbols, you can identify when certain assets are overbought (typically RSI > 70) or oversold (typically RSI < 30). When multiple assets show similar RSI levels, this can indicate broader market sentiment or sector momentum. Sector Rotation Analysis: In longer-term trading or portfolio rebalancing, a Multi-RSI Multi-Symbol indicator can help detect sector rotation patterns by showing which sectors are gaining strength (higher RSI) and which are weakening, facilitating informed sectoral shifts. Use in Conjunction with Other Indicators: The Multi-RSI can serve as a supporting indicator alongside trend indicators like Moving Averages or Bollinger Bands, helping to confirm entry and exit points. For example, if a symbol’s RSI shows an overbought condition and it aligns with a resistance level from a Moving Average, this could strengthen a sell signal. Customization: Customize the settings to match your trading style. For instance, day traders might prefer a shorter RSI period and timeframes, while swing traders may benefit from longer timeframes and smoother RSI. ⚙️Black RSI (Multi Symbol RSI) SETTINGS Black RSI (Multi) Dashboard ◢ + 1st RSI: Enable/Disable 1st RSI + 2nd RSI: Enable/Disable 2nd RSI + 3rd RSI: Enable/Disable 3rd RSI RSI Primary Tools ◢ + RSI Moving Average/Bollinger Bands: Enable/Disable RSI Moving Average/Bollinger Bands + Smooth RSI: Enable/Disable Smooth RSI (for Primary RSI) + RSI Divergence: Enable/Disable Divergence for user-selected RSI RSI Secondary Tools ◢ + RSI OB/OS Color Bars: Enable/Disable RSI OB/OS Color Bars for user-selected RSI + RSI OB/OS Highlights: Enable/Disable OB/OS Highlights for user-selected RSI + Background: Enable/Disable RSI Background + Primary RSI Settings ▾ - Override Primary RSI Symbol: Allows the user to select the symbol for Primary RSI - Primary RSI Length: User input primary RSI length value - Primary RSI Source: User primary RSI source selection - RSI Line Thickness: User input line thickness value for primary RSI - Primary RSI Colors: - OB/OS Highlights: Enable/Disable OB/OS Primary RSI Highlights - RSI Overbought Threshold: The user can set the RSI overbought threshold value. This Overbought Threshold value will also be applied to All RSI (Primary, 1st, 2nd, 3rd) and "RSI Divergence overbought condition" and "RSI OB/OS Highlights" - RSI Oversold Threshold: The user can set the RSI oversold threshold value. The lower band (oversold line) of RSI. This Oversold Threshold value will also be applied to All RSI (Primary, 1st, 2nd, 3rd) and "RSI Divergence oversold condition" and "RSI OB/OS Highlights" + 1st RSI Settings ▾ - Override 1st RSI Symbol: Allows the user to select the symbol for 1st RSI - 1st RSI Length: User input 1st RSI length value - 1st RSI Source: User 1st RSI source selection - RSI Line Thickness: User input line thickness value for 1st RSI - 1st RSI Colors: - OB/OS Highlights: Enable/Disable OB/OS 1st RSI Highlights + 2nd RSI Settings ▾ - Override 2nd RSI Symbol: Allows the user to select the symbol for 2nd RSI - 2nd RSI Length: User input 2nd RSI length value - 2nd RSI Source: User 2nd RSI source selection - RSI Line Thickness: User input line thickness value for 2nd RSI - 2nd RSI Colors: - OB/OS Highlights: Enable/Disable OB/OS 2nd RSI Highlights + 3rd RSI Settings ▾ - Override 3rd RSI Symbol: Allows the user to select the symbol for 3rd RSI - 3rd RSI Length: User input 3rd RSI length value - 3rd RSI Source: User 3rd RSI source selection - RSI Line Thickness: User input line thickness value for 3rd RSI - 3rd RSI Colors: - OB/OS Highlights: Enable/Disable OB/OS 3rd RSI Highlights + RSI Bands & Threshold Settings ▾ - RSI Middle Band: Allows the user to plot optional RSI band on the RSI Oscillator - RSI Bullish Band: Allows the user to plot optional RSI band on the RSI Oscillator - RSI Bearish Band: Allows the user to plot optional RSI band on the RSI Oscillator + Primary RSI Smooth Settings ▾ - Type: The user selected Smooth MA type for Primary RSI. With RSI Smooth enabled, it will also affect Primary RSI Divergences detection (all divergences will be plotted according to the "Smoothed RSI line") - Length: User input Smooth MA length value for Primary RSI + RSI Moving Average Settings ▾ - MA/BB RSI Source: Allows the user to MA/BB source selection - MA/BB Enable/Disable: Allows the user to select Moving average only, BBs only or Both to display on the RSI Oscillator - RSI Moving Average Colors: Allows the user to select Bullish/Bearish colours of RSI Moving Average - RSI Moving Average Type: Allows the user to select RSI MA Type - RSI Moving Average Length: User input RSI MA length value - RSI Moving Average Thickness: User input RSI MA thickness - Bollinger Bands Colors: Allows the user to select BBs colours - BB StdDev: user input Bollinger Bands standard deviation value + RSI Divergence Settings ▾ - Divergence RSI source: User selection of divergence source . - Divergence source: User selection of divergence source . "oscillator" (divergence detection with high/low or close of RSI), "price" (divergence detection with high/low or close of price) - Bull price source: User selection of Bull price source. Bull price source: "Low" (low of price divergence detection), "Close" (close of price divergence detection) (linked to "price" in "Divergence source") - Bear price source: User selection of Bear price source. Bear price source: "High" (high of price divergence detection), "Close" (close of price divergence detection) (linked to "price" in "Divergence source") - Low/High left bars: How many candles to compare on the left side of a candle when deciding whether it is a pivot. The lower the number is, the earlier pivots (and therefore divergences) will be signalled, but the quality of those detections could be lower. - Low/High right bars: How many candles to compare on the right side of a candle when deciding whether it is a pivot. The lower the number is, the earlier pivots (and therefore divergences) will be signalled, but the quality of those detections could be lower. - Maximum lookback bars: The maximum length of a divergence (number of bars). If a detected divergence is longer than this, it will be discarded. - Price threshold: User selection of Price threshold, higher values more lines - RSI threshold: User selection of RSI threshold, higher values more lines - Show Lows: Displays lows of RSI - Show Highs: Displays highs of RSI - Show Divergence as: - Line Style: - Line thickness: User input divergence line thickness value - Label Transparency: it could reduce label mess on the oscillator line, input "100" for label text only without label background - Labels Text Color: User label text colour selection Auto Text Color > Auto colour change of label text according to Dark/Light chart theme - Bull Divergences: Enable/Disable of Bull divergences > Color: User selection of Bull divergence color > Potential Bull: It will plot potential regular bull divergence with a dotted line. - Bear Divergences: Enable/Disable of Bear divergences > Color: User selection of Bear divergence color > Potential Bear: It will plot potential regular bear divergence with a dotted line. - Hidden Bull Div: Enable/Disable of Hidden Bull divergences > Color: User selection of Hidden Bull divergence colour > Potential H.Bull: It will plot potential hidden bull divergence with a dotted line. - Hidden Bear Div: Enable/Disable of Hidden Bear divergences > Color: User selection of Hidden Bear divergence colour > Hidden Bear divergence: It will plot potential hidden bear divergence with a dotted line. > Regular Bull oversold only: It will show Regular Bullish RSI divergences in the oversold zone only, RSI oversold threshold can be configured in the "Primary RSI Settings" section. > Regular Bear overbought only: It will show Regular Bearish RSI divergences in the overbought zone only, RSI overbought threshold can be configured in the "Primary RSI Settings" section. + RSI OB/OS Colored Bars Settings▾ - OB/OS Bar RSI Source: User selection of OB/OS Bars RSI source . - Overbought Bar Color: User RSI OB Bars colour selection - Oversold Bar Color: User RSI OS Bars colour selection + Overbought/Oversold Highlights ▾ - OB/OS Highlights RSI Source: User selection of OB/OS Highlights RSI source . - Overbought Highlights : Enable/Disable Overbought Highlights - Oversold Highlights : Enable/Disable Oversold Highlights - Transparency: Gradient transparency of highlighted area + RSI Line & Label Settings ▾ - Show Symbol label: Enable/Disable each RSI symbol label. - RSI line offset: Shifts the RSI to the left or the right on the given number of bars, Default is 0 + Background Setting ▾ - Custom Background Color: User selection of Background color Feedback & Bug Report If you find any bugs in this indicator or have any suggestions, please let me know. Please give feedback & appreciate it if you like to see more future updates and indicators. Thank you
Pine Script™ indicator
by NabeelBlack
Average Yield InversionDescription: This script calculates and visualizes the average yield curve spread to identify whether the yield curve is inverted or normal. It takes into account short-term yields (1M, 3M, 6M, 2Y) and long-term yields (10Y, 30Y). Positive values: The curve is normal, indicating long-term yields are higher than short-term yields. This often reflects economic growth expectations. Negative values: The curve is inverted, meaning short-term yields are higher than long-term yields, a potential signal of economic slowdown or recession. Key Features: Calculates the average spread between long-term and short-term yields. Displays a clear graph with a zero-line reference for quick interpretation. Useful for tracking macroeconomic trends and potential market turning points. This tool is perfect for investors, analysts, and economists who need to monitor yield curve dynamics at a glance.
Pine Script™ indicator
by cryptoradz
BTX27-MAXIndicator Description: BTX27-MAX The BTX27-MAX is a comprehensive trading indicator designed to provide traders with customizable signals and alerts based on RSI and ATR calculations. It offers both automatic and manual configurations, making it adaptable to various currency pairs and trading styles. The indicator integrates with Telegram for real-time alerts and includes features for trade management and performance tracking. Key Features: Customizable Color Themes: Choose between Dark and Light color styles to match your chart preferences. Automatic or Manual Configuration: Automatically sets optimal parameters for selected currency pairs or allows manual input for personalized settings. RSI and ATR-Based Signals: Utilizes RSI smoothing and ATR calculations to identify potential trading opportunities. Automatic SL and TP Levels: Projects customizable Stop-Loss and Take-Profit levels directly on the chart. Telegram Integration: Sends customized buy or sell alerts with trade details to your Telegram channel. Day and Time Filters: Allows selection of trading days and specific trading hours for signal generation. Trade Summary Table: Displays the results of the last three trades (Win/Loss) directly on the chart. Customizable Alert Messages: Personalize the messages sent to Telegram for both buy and sell signals. Visual Enhancements: Colors candles based on trend direction and highlights the trading session on the chart. How Does the Indicator Work? Color Style Selection: - Choose between "Dark" or "Light" themes to match your chart setup. Currency Pair Selection: - Select from predefined currency pairs: "EURUSD M5", "USDCAD M3", "GBPUSD M9", "XAUUSD M9". Automatic vs. Manual Configuration: - Automatic Configuration: When enabled, the indicator automatically sets parameters optimized for the selected currency pair. - Manual Configuration: Allows you to input your own parameters for RSI period, smoothing factor, liquidity factors, and SL/TP ticks. Telegram Integration: - Input your Telegram chat ID to receive real-time alerts when signals are generated. Trading Days and Hours: - Customize which days of the week you want to receive signals. - Set specific trading start and end hours to focus on preferred trading sessions. Indicator Calculations: - Calculates RSI and applies smoothing to identify the trend. - Uses ATR for volatility measurement and to set dynamic liquidity bands. Signal Generation: - A Buy Signal is generated when specific RSI and ATR conditions are met. - A Sell Signal is generated under the opposite conditions. - Signals are only generated during the specified trading days and hours. Trade Execution Visuals: - Automatically draws SL and TP boxes on the chart for each signal. - Colors candles based on trend direction: bullish, bearish, or neutral. Telegram Alerts: - Sends customized messages to your Telegram channel, including trade details like entry price, SL, TP, volatility, and trend direction. Trade Summary Table: - Displays the results of the last three trades ("✅ TP" for Take Profit hit, "❌ SL" for Stop Loss hit) on the chart. How to Use the Indicator? Setup: - Add the indicator to your TradingView chart. - Choose your preferred Color Style (Dark or Light). - Select the Currency Pair you are trading. - Decide whether to use Automatic Configuration or input your own settings. Configure Telegram Alerts: - Input your Telegram Chat ID to receive alerts. - Customize the Buy and Sell alert messages if desired. Set Trading Days and Hours: - Enable or disable trading on specific days of the week. - Set your preferred trading session hours. Monitor Signals: - Watch for buy or sell labels appearing on the chart. - Use the SL and TP boxes to plan your trade entries and exits. Review Trade Performance: - Check the trade summary table to see the outcomes of recent trades. What Makes This Indicator Original? Adaptable Configuration: Offers both automatic and manual settings, making it suitable for traders of all levels and various trading instruments. Comprehensive Alerts: Provides detailed alerts via Telegram, including custom messages and comprehensive trade information. Trade Management Tools: Automatically calculates and visualizes SL and TP levels, aiding in effective risk management. Performance Tracking: Includes an on-chart summary of recent trade results, helping traders assess the indicator's effectiveness over time. Visual Customization: Enhances chart visuals with color themes, candle coloring, and trading session highlights. Additional Considerations Testing and Optimization: Before using the indicator in live trading, test it in a demo account and adjust settings as needed. Complementary Analysis: Use in conjunction with other technical or fundamental analysis tools to confirm signals. Risk Management: Ensure that the automatically calculated SL and TP levels align with your risk tolerance and trading strategy. Market Awareness: Stay informed about economic events that may impact the instruments you are trading. Example Configuration Assuming you are trading "EURUSD M5" with Automatic Configuration enabled: RSI Period: 15 RSI Smoothing Factor: 14 Rapid Liquidity Factor: 2.238 Liquidity Threshold: 15 SL Ticks: 100 TP Ticks: 300 Trading Days: Tuesday, Wednesday, Thursday Trading Hours: Start at 8:00, End at 10:00 Telegram Chat ID: Your unique Telegram chat ID Conclusion The BTX27-MAX indicator is a versatile tool that combines technical analysis with automated trade management and alerting features. Its adaptability through automatic and manual configurations makes it suitable for a wide range of trading styles and instruments. By integrating real-time Telegram alerts and providing on-chart visual aids, it enhances decision-making processes and helps traders manage their trades more effectively. Ready for immediate use in TradingView, this indicator can be a valuable addition to your trading toolkit.
Pine Script™ indicator
by PoPeyGroupinc
On Balance Volume Oscillator of Trading Volume TrendOn Balance Volume Oscillator of Trading Volume Trend Introduction This indicator, the "On Balance Volume Oscillator of Trading Volume Trend," is a technical analysis tool designed to provide insights into market momentum and potential trend reversals by combining the On Balance Volume (OBV) and Relative Strength Index (RSI) indicators. Calculation and Methodology * OBV Calculation: The indicator first calculates the On Balance Volume, which is a cumulative total of the volume of up days minus the volume of down days. This provides a running tally of buying and selling pressure. * RSI of OBV: The RSI is then applied to the OBV values to smooth the data and identify overbought or oversold conditions. * Exponential Moving Averages (EMAs): Two EMAs are calculated on the RSI of OBV. A shorter-term EMA (9-period in this case) and a longer-term EMA (100-period) are used to generate signals. Interpretation and Usage * EMA Crossovers: When the shorter-term EMA crosses above the longer-term EMA, it suggests increasing bullish momentum. Conversely, a downward crossover indicates weakening bullish momentum or increasing bearish pressure. * RSI Divergences: Divergences between the price and the indicator can signal potential trend reversals. For example, if the price is making new highs but the indicator is failing to do so, it could be a bearish divergence. * Overbought/Oversold Conditions: When the RSI of OBV is above 70, it suggests the market may be overbought and a potential correction could be imminent. Conversely, when it is below 30, it suggests the market may be oversold. Visual Representation The indicator is plotted on a chart with multiple lines and filled areas: * Two EMAs: The shorter-term EMA and longer-term EMA are plotted to show the trend of the OBV. * Filled Areas: The area between the two EMAs is filled with a color to indicate the strength of the trend. The color changes based on whether the shorter-term EMA is above or below the longer-term EMA. * RSI Bands: Horizontal lines at 30 and 70 mark the overbought and oversold levels for the RSI of OBV. Summary The On Balance Volume Oscillator of Trading Volume Trend provides a comprehensive view of market momentum and can be a valuable tool for traders. By combining the OBV and RSI, this indicator helps identify potential trend reversals, overbought and oversold conditions, and the strength of the current trend. Note: This indicator should be used in conjunction with other technical analysis tools and fundamental analysis to make informed trading decisions.
Pine Script™ indicator
by da_ji_ba
CCI Threshold StrategyThe CCI Threshold Strategy is a trading approach that utilizes the Commodity Channel Index (CCI) as a momentum indicator to identify potential buy and sell signals in financial markets. The CCI is particularly effective in detecting overbought and oversold conditions, providing traders with insights into possible price reversals. This strategy is designed for use in various financial instruments, including stocks, commodities, and forex, and aims to capitalize on price movements driven by market sentiment. Commodity Channel Index (CCI) The CCI was developed by Donald Lambert in the 1980s and is primarily used to measure the deviation of a security's price from its average price over a specified period. The formula for CCI is as follows: CCI=(TypicalPrice−SMA)×0.015MeanDeviation CCI=MeanDeviation(TypicalPrice−SMA)×0.015​ where: Typical Price = (High + Low + Close) / 3 SMA = Simple Moving Average of the Typical Price Mean Deviation = Average of the absolute deviations from the SMA The CCI oscillates around a zero line, with values above +100 indicating overbought conditions and values below -100 indicating oversold conditions (Lambert, 1980). Strategy Logic The CCI Threshold Strategy operates on the following principles: Input Parameters: Lookback Period: The number of periods used to calculate the CCI. A common choice is 9, as it balances responsiveness and noise. Buy Threshold: Typically set at -90, indicating a potential oversold condition where a price reversal is likely. Stop Loss and Take Profit: The strategy allows for risk management through customizable stop loss and take profit points. Entry Conditions: A long position is initiated when the CCI falls below the buy threshold of -90, indicating potential oversold levels. This condition suggests that the asset may be undervalued and due for a price increase. Exit Conditions: The long position is closed when the closing price exceeds the highest price of the previous day, indicating a bullish reversal. Additionally, if the stop loss or take profit thresholds are hit, the position will be exited accordingly. Risk Management: The strategy incorporates optional stop loss and take profit mechanisms, which can be toggled on or off based on trader preference. This allows for flexibility in risk management, aligning with individual risk tolerances and trading styles. Benefits of the CCI Threshold Strategy Flexibility: The CCI Threshold Strategy can be applied across different asset classes, making it versatile for various market conditions. Objective Signals: The use of quantitative thresholds for entry and exit reduces emotional bias in trading decisions (Tversky & Kahneman, 1974). Enhanced Risk Management: By allowing traders to set stop loss and take profit levels, the strategy aids in preserving capital and managing risk effectively. Limitations Market Noise: The CCI can produce false signals, especially in highly volatile markets, leading to potential losses (Bollinger, 2001). Lagging Indicator: As a lagging indicator, the CCI may not always capture rapid market movements, resulting in missed opportunities (Pring, 2002). Conclusion The CCI Threshold Strategy offers a systematic approach to trading based on well-established momentum principles. By focusing on overbought and oversold conditions, traders can make informed decisions while managing risk effectively. As with any trading strategy, it is crucial to backtest the approach and adapt it to individual trading styles and market conditions. References Bollinger, J. (2001). Bollinger on Bollinger Bands. New York: McGraw-Hill. Lambert, D. (1980). Commodity Channel Index. Technical Analysis of Stocks & Commodities, 2, 3-5. Pring, M. J. (2002). Technical Analysis Explained. New York: McGraw-Hill. Tversky, A., & Kahneman, D. (1974). Judgment under uncertainty: Heuristics and biases. Science, 185(4157), 1124-1131.
Pine Script™ strategy
by EdgeTools