Sistema Avanzado AVTRADINGPRO📊 AVTRADINGPRO Advanced System – Multidimensional Analysis
Professional Indicator for TradingView
🔹 Created by: Tony – AVTRADINGPRO
🔹 Version: Pine Script v5
🔹 License: Mozilla Public License 2.0
🎯 Indicator Purpose
This advanced system integrates multidimensional technical analysis, combining multiple tools into one:
✅ IEP (Precise Entry Indicator): Strategy based on EMA, RSI, and Volume.
✅ Trend Analyzer: Classifies directional strength (ADX, DMI).
✅ Analytical Dashboard: Real-time visual summary of market conditions.
✅ 4PM NY Lines: Key institutional trading levels.
🛠 Main Configuration
🔸 IEP AVTRADINGPRO (Entry Signals)
Fast EMA (10) vs. Slow EMA (20): Crossovers to determine trend.
RSI (14): Overbought/oversold filter.
Volume Spike: Confirmation through volume surges.
🔸 Multidimensional Trend Analyzer
Trend Classification:
Strong Bullish/Bearish (ADX > 25 + EMA alignment).
Moderate/Sideways (ADX between 20–25).
Additional Indicators:
MACD (12,26,9)
Bollinger Bands (20,2)
DMI/ADX (14)
🔸 Analytical Dashboard
Displays real-time key data:
📌 Current Trend
📌 RSI State (Overbought/Oversold)
📌 MACD Signal
📌 Bollinger Bands Position
📌 ADX Strength
📌 Volume (Spike/Normal)
🔸 4PM NY Levels (15M Timeframe)
Automatically plots High/Low levels of the last 4 candles from 4PM ET.
Extended lines labeled as “Level 3”, referencing ICT institutional concepts.
📊 Visualization
EMA Lines:
EMA 10 (blue)
EMA 20 (white)
SMA 55 (transparent red)
Graphical Signals:
Green/Red triangles for long/short entries.
Background Color:
Blue (Bullish) / White (Bearish)
🚀 How to Use It
Apply to any TradingView chart (15M for 4PM lines).
Adjust parameters based on your strategy (RSI threshold, volume settings, etc.).
Look for confluences:
EMA cross + RSI filter + volume spike + MACD alignment.
Watch for reactions at 4PM NY levels.
Use the dashboard for quick confirmation of market conditions.
📢 Notes for the AVTRADINGPRO Community
✅ Perfect for day trading and swing trading.
✅ Combines price action with indicators, aligned with the ICT methodology.
✅ Fully customizable for different timeframes (adjust UTC offset as needed).
Indicators and strategies
SuperTrend and Trendlines ComboSmall script to combine SuperTrend and Trendlines with breaks into 1 script.
ICT Time Candles - AVTRADINGPRO📊 ICT Time Candles – AVTRADINGPRO
Multi-Timeframe Indicator for TradingView
🔹 Created by: Tony – AVTRADINGPRO
🔹 Version: Pine Script v5
🔹 License: Mozilla Public License 2.0
🎯 Indicator Purpose
This indicator displays higher timeframe (HTF) candles directly on your current chart, allowing traders to analyze market structure from multiple temporal perspectives. It also identifies Fair Value Gaps (FVG) and Volume Imbalances (VI) — essential tools in the ICT (Inner Circle Trader) methodology.
Developed by AVTRADINGPRO, this tool is designed to empower the community with a clear, multi-timeframe view of price action combined with precise imbalance detection.
🛠 Indicator Settings
🔸 Higher Timeframes (HTF)
Select up to 6 additional timeframes (e.g., 5m, 15m, 1H, 4H, 1D, 1W).
Toggle on/off each HTF as needed.
Control the maximum number of historical candles displayed for each timeframe.
🔸 Candle Style
Custom colors for bullish and bearish candles.
Adjustable candle body width, wick thickness, and spacing between candles.
🔸 Trace Lines
Plot lines for Open, Close, High, and Low levels of HTF candles.
Fully customizable line styles (solid, dashed, dotted, etc.).
Option to anchor the lines to the first or last timeframe selected.
🔸 Labels and Time Remaining
Display the timeframe name on the chart.
Show a countdown timer for the closing of the current HTF candle.
🔸 Imbalance Detection
Fair Value Gaps (FVG): Highlight unfilled liquidity zones.
Volume Imbalances (VI): Identify areas of high absorption and inefficient price movement.
AVTRADINGPRO ICT (B) AVTRADINGPRO ICT Indicator – Documentation and Optimization
📌 Overview
This script is an advanced indicator for TradingView developed by AVTRADINGPRO, designed to identify key elements of Institutional Trading Concepts (ICT), such as:
Market Structure Shifts (MSS)
Break of Structure (BOS)
Order Blocks (OB)
Fair Value Gaps (FVG)
Liquidity Zones
Volume Imbalances
Kill Zones (Key Sessions)
🛠 Settings and Customization
The indicator is highly customizable through inputs in the TradingView interface:
Market Structures
MSS (Market Structure Shifts): Detects trend reversals.
BOS (Break of Structure): Confirms trend continuation.
Length: Adjusts sensitivity (values between 3 and 10).
Order Blocks
Show Order Blocks: Enable/disable the display of order blocks.
Swing Lookback: Defines the historical range to identify OBs.
Customizable colors for bullish/bearish OBs.
Fair Value Gaps (FVGs)
FVG Type: Standard (FVG) or Implied (IFVG).
Balance Price Range (BPR): Equilibrium zone between FVGs.
Visualization: Up to 20 visible FVGs.
Liquidity
Margin: Adjusts the range around liquidity zones.
Colors for Buy Side / Sell Side Liquidity.
Kill Zones
Key Sessions: New York, London (open/close), Asia.
Customizable colors for each session.
TAKAM 2-Candle Break Above MA200first candle (bullish or bearish) low below MA200, second candle (bullish) closes above first candle close and above MA200
Pivot Points Standard with adjustable ColorsGet Colors to the Pivots or simple change them for better readability.
Sri_Momentum Burst Histogram📝 Description :
🌀 Sri_Momentum Burst Histogram — A Custom Momentum and Volatility Fusion Tool
The Sri_Momentum Burst Histogram is a unique technical analysis tool designed to visualize sudden changes in price momentum in the form of a dynamic, color-coded histogram. This indicator helps traders identify trend accelerations, early momentum shifts, and potential exhaustion in real time.
By combining a MACD-like momentum engine with a volatility-sensitive Bollinger Band range, this script offers an enhanced view of market bursts — moments where momentum "pops" beyond typical ranges. The result is a refined perspective on market sentiment, helping traders to anticipate reversals, follow breakouts, and assess the relative strength of ongoing trends.
🧠 Core Methodology
The indicator calculates the difference between a fast and slow EMA (Exponential Moving Average), similar to a MACD histogram.
This difference is then compared across candles to gauge the rate of change in momentum — referred to here as a “momentum burst.”
A sensitivity multiplier allows you to scale the response based on your preferred timeframe and trading style.
A volatility band, derived from Bollinger Band logic, is used to frame the relative intensity of the momentum change.
The histogram is divided into two parts:
Green/Lime Bars represent increasing and decreasing bullish momentum.
Red/Orange Bars represent increasing and decreasing bearish momentum.
⚙️ Customizable Inputs
Momentum Sensitivity: Adjust the responsiveness of the burst detection mechanism.
Short EMA Period: Sets the lookback period for the fast EMA.
Long EMA Period: Sets the lookback period for the slow EMA.
Volatility Band Length: Controls the length used for Bollinger Band calculations.
Band Std Dev Multiplier: Adjusts how wide the volatility range should be, based on price dispersion.
📈 How to Use It
Use the green/red histogram bars to visually gauge momentum strength and direction.
Watch for transitions in color intensity (e.g., green to lime, red to orange) as early warning signs of trend exhaustion or reversal.
Combine with other indicators like RSI, MACD, ADX, or volume profiles to confirm entry/exit points.
Useful in both trending and ranging markets, especially on lower timeframes for scalping or intraday setups.
✅ Key Features
Easy-to-read histogram with intuitive color coding.
Fully customizable settings for fine-tuned signal control.
Can be used on any asset class — stocks, forex, crypto, commodities.
Optimized for real-time use with minimal lag.
🔐 This script is an original creation, developed independently by adapting publicly known mathematical concepts into a unique visualization tool. All function and variable names have been customized for originality and compliance with TradingView’s publishing and community standards.
💡 Developed by: @venkat_27
🧩 For educational purposes only — not financial advice.
Simple Green Dot SignalHere is the English version of the indicator script that plots a green dot below the candle when all of the following conditions are met:
✅ Volume breakout over the 20-period moving average
✅ Momentum (80) is positive
✅ Price above VWAP (bullish trend)
✅ +DI > -DI and +DI > ADX
✅ RSI < 30 (oversold bounce)
Custom Paul MACD-likePaul MACD is an indicator created by David Paul. It is implemented to effectively represent trend periods and non-trend (sideways/consolidation) periods, and its calculation method is particularly designed to reduce whipsaw.
Unlike the existing MACD which uses the difference between short-term (12) and long-term (26) exponential moving averages (EMA), Paul MACD has a different calculation method. This indicator uses a "center value" or "intermediate value". Calculation occurs when this intermediate value is higher than the High value (specifically, the difference between the center and High is calculated) or lower than the Low value (specifically, the difference between the center and Low is calculated). Otherwise, the value becomes 0. Here, the High and Low values are intended to be smoothly reflected using Smoothed Moving Average (SMMA). The indicator's method itself (using SMMA and ZLMA) is aimed at diluting whipsaws.
Thanks to this calculation method, in sections where whipsaw occurs, meaning when the intermediate value is between High and Low, the indicator value is expressed as 0 and appears as a horizontal line (zero line). This serves to visually clearly show sideways/consolidation periods.
Swing-Based Fibonacci Zone + Divergence SignalSwing-Based Fibonacci Zone + Divergence
🗞️ Short Headline:
🔍 Dynamic Fib Zone Engine for Price Action Traders
🧾 Description:
This indicator dynamically draws Fibonacci-based support and resistance zones based on recent swing high and low points. It helps traders identify high-probability reversal, breakout, or scalping opportunities using adaptive price zones that update in real time. Integrated with divergence detection using RSI, it highlights potential bullish and bearish reversals with clean visual cues.
🔧 Key Features:
🔁 Auto-updating Fibonacci Zones (0%, 25%, 50%, 75%, 100%)
💡 Visual price level labels on the right side (customizable size/offset/color)
📉 Bearish RSI Divergence marker at top of the zone (100%)
📈 Bullish RSI Divergence marker at bottom of the zone (0%)
🎛️ Flexible configuration for zone styling and detection logic
⚡ Real-time updates – ideal for scalpers and intraday traders
🧠 Best Use Cases:
Identify scalping entries when price breaks and closes above/below 25/75 zones
Spot potential reversals using RSI divergence confirmations
Support other systems like Order Flow, Delta, or Volume Analysis
⏱️ Recommended Timeframes:
1min / 5min / 15min / 1H
High/Low last 1-3 candlesHere you can display the high and low of the last 1, 2 or 3 candles. The whole thing is updated with every new candle. you can also switch the lines on or off as you wish and adjust the colour of the lines. have fun with it
Highlow Area ChartThis indicator replicates the chart style of HighLow Australia, a popular binary options service.
With the termination of the service, this chart aims to provide a familiar visual environment for those accustomed to HighLow charts, allowing them to make entries with the same binary options feel.
Liquidity Sweep Reversal [Grimoire]The Liquidity Sweep Reversal indicator is designed to spot potential turning points by watching for “liquidity sweeps” above key prior highs. Specifically, it marks when price briefly pushes above levels such as:
The high of the previous candle
The high of the prior trading day
The high of the previous week
These sweeps often trigger stop-hunts or liquidity hunts, after which price frequently reverses. By highlighting those moments, the indicator helps you anticipate and trade these reversal moves more easily.
AlphaTrend// This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org
// author © KivancOzbilgic
// developer © KivancOzbilgic
//@version=5
indicator('AlphaTrend', shorttitle='AT', overlay=true, format=format.price, precision=2, timeframe='')
coeff = input.float(1, 'Multiplier', step=0.1)
AP = input(14, 'Common Period')
ATR = ta.sma(ta.tr, AP)
src = input(close)
showsignalsk = input(title='Show Signals?', defval=true)
novolumedata = input(title='Change calculation (no volume data)?', defval=false)
upT = low - ATR * coeff
downT = high + ATR * coeff
AlphaTrend = 0.0
AlphaTrend := (novolumedata ? ta.rsi(src, AP) >= 50 : ta.mfi(hlc3, AP) >= 50) ? upT < nz(AlphaTrend ) ? nz(AlphaTrend ) : upT : downT > nz(AlphaTrend ) ? nz(AlphaTrend ) : downT
color1 = AlphaTrend > AlphaTrend ? #00E60F : AlphaTrend < AlphaTrend ? #80000B : AlphaTrend > AlphaTrend ? #00E60F : #80000B
k1 = plot(AlphaTrend, color=color.new(#0022FC, 0), linewidth=3)
k2 = plot(AlphaTrend , color=color.new(#FC0400, 0), linewidth=3)
fill(k1, k2, color=color1)
buySignalk = ta.crossover(AlphaTrend, AlphaTrend )
sellSignalk = ta.crossunder(AlphaTrend, AlphaTrend )
K1 = ta.barssince(buySignalk)
K2 = ta.barssince(sellSignalk)
O1 = ta.barssince(buySignalk )
O2 = ta.barssince(sellSignalk )
plotshape(buySignalk and showsignalsk and O1 > K2 ? AlphaTrend * 0.9999 : na, title='BUY', text='BUY', location=location.absolute, style=shape.labelup, size=size.tiny, color=color.new(#0022FC, 0), textcolor=color.new(color.white, 0))
plotshape(sellSignalk and showsignalsk and O2 > K1 ? AlphaTrend * 1.0001 : na, title='SELL', text='SELL', location=location.absolute, style=shape.labeldown, size=size.tiny, color=color.new(color.maroon, 0), textcolor=color.new(color.white, 0))
alertcondition(buySignalk and O1 > K2, title='Potential BUY Alarm', message='BUY SIGNAL!')
alertcondition(sellSignalk and O2 > K1, title='Potential SELL Alarm', message='SELL SIGNAL!')
alertcondition(buySignalk and O1 > K2, title='Confirmed BUY Alarm', message='BUY SIGNAL APPROVED!')
alertcondition(sellSignalk and O2 > K1, title='Confirmed SELL Alarm', message='SELL SIGNAL APPROVED!')
alertcondition(ta.cross(close, AlphaTrend), title='Price Cross Alert', message='Price - AlphaTrend Crossing!')
alertcondition(ta.crossover(low, AlphaTrend), title='Candle CrossOver Alarm', message='LAST BAR is ABOVE ALPHATREND')
alertcondition(ta.crossunder(high, AlphaTrend), title='Candle CrossUnder Alarm', message='LAST BAR is BELOW ALPHATREND!')
alertcondition(ta.cross(close , AlphaTrend ), title='Price Cross Alert After Bar Close', message='Price - AlphaTrend Crossing!')
alertcondition(ta.crossover(low , AlphaTrend ), title='Candle CrossOver Alarm After Bar Close', message='LAST BAR is ABOVE ALPHATREND!')
alertcondition(ta.crossunder(high , AlphaTrend ), title='Candle CrossUnder Alarm After Bar Close', message='LAST BAR is BELOW ALPHATREND!')
Candle/Keltner Channels BUY SELLWhy Use Candlesticks?
They help traders visualize price action
Used in technical analysis and price pattern recognition (e.g., Doji, Engulfing, Hammer)
Assist in determining entry and exit points
Why Traders Use Keltner Channels?
Keltner Channels are widely used by traders for identifying trends, detecting volatility, and spotting trade opportunities.
1. Trend Identification
The middle line (EMA) shows the general trend.
If price consistently stays above the middle line, it indicates a strong uptrend.
If price stays below, it signals a downtrend.
Use: Traders follow the trend direction to enter trades in line with momentum.
2. Volatility Measurement
The width of the channel expands and contracts based on Average True Range (ATR).
Wider channels = high volatility, tighter channels = low volatility.
Use: Helps traders decide when to expect breakouts or calm periods.
3. Breakout Signals
A break above the upper band can signal a bullish breakout.
A break below the lower band can signal a bearish breakout.
Use: Traders use this for momentum trading and breakout entries.
4. Overbought/Oversold Conditions
Price touching or crossing the upper band may suggest it's overbought.
Price touching or crossing the lower band may suggest it's oversold.
Use: Traders combine this with RSI or MACD to confirm reversal setups.
5. Trade Entry and Exit
When price pulls back to the middle EMA during a trend, it may present a buy/sell opportunity.
Exits can also be planned if price returns inside the bands after a breakout.
Use: Helps with precise entry and exit timing.
6. Combines Well With Other Indicators
Commonly used with:
RSI (for confirmation)
MACD (for momentum)
Candlestick patterns (for price action signals)
Combining Candlestick Patterns with Keltner Channels gives traders a powerful method to confirm entries, spot reversals, and improve accuracy. Here’s why this combination works so well:
1. Context for Candlestick Signals
Candlestick patterns (like doji, engulfing, or pin bars) show potential price reversals, but they need context to be reliable. Keltner Channels provide that context:
A bullish candlestick near the lower band suggests a stronger buy signal.
A bearish candlestick near the upper band strengthens a sell signal.
2. Filtering False Signals
Candlestick patterns occur frequently, and not all are meaningful.
The location within the Keltner Channel helps filter out weak or false patterns.
Example: A bullish engulfing candle outside the lower band = high-probability reversal.
3. Improved Entry Timing
Traders wait for a candlestick pattern confirmation when price touches or crosses a Keltner band.
This avoids premature entries and allows tighter stop-losses.
4. Better Risk-Reward Setup
Candlestick entry near channel extremes (upper/lower band) lets traders place stop-losses just beyond recent highs/lows.
The target can be the opposite side of the channel or the middle EMA.
5. Visual Simplicity
Keltner Channels + Candles are visually intuitive.
Even beginner traders can easily recognize:
Overextended candles near channel edges.
Confirmed breakouts or reversals.
This Timeframe 5 min : XAUUSD
21-Day Trend Direction📈 21-Day Trend Direction Indicator
📊 How It Works:
🎯 Trend Detection Logic:
Analyzes last 21 daily candles
Calculates total price change from start to end
Compares against sideways threshold (default 2%)
Counts bullish vs bearish days
Tracks higher highs and lower lows
📈 Trend Classifications:
• 📈 UPTREND: Price change > +2% over 21 days
• 📉 DOWNTREND: Price change < -2% over 21 days
• ➡️ SIDEWAYS: Price change between -2% and +2%
💪 Trend Strength Levels:
• 🔥 Very Strong: >5% price change
• 💪 Strong: 3-5% price change
• 📊 Moderate: 1.5-3% price change
• 📉 Weak: <1.5% price change
🎨 Visual Features:
📋 Information Table Shows:
• Trend Direction with color coding
• Price Change % over 21 days
• Trend Strength classification
• Bull/Bear Days count
• Higher Highs/Lower Lows count
• Analysis Period (customizable)
📊 Chart Indicators:
• Trend Line (21-day moving average)
• Background Color for quick trend identification
• Trend Arrows (▲ ▼ ➡) on chart
• Customizable display options
⚙️ Customizable Settings:
🎯 Analysis Settings:
• Lookback Days: 5-50 days (default: 14)
• Sideways Threshold: 0.5-10% (default: 2%)
• Trend Strength: Low/Medium/High sensitivity
🎨 Display Options:
• Table Position: 9 different positions
• Table Size: Tiny to Large
• Show/Hide: Table, Trend Line, Background, Arrows
🚨 Alert Options:
• Trend Change to Uptrend
• Trend Change to Downtrend
• Trend Change to Sideways
This indicator gives you a clear, objective view of the 21-day trend with multiple confirmation signals! 🚀
OPR MATIN/APRÈS-MIDI/ASIA🔹 OPR Morning / Afternoon / Asia – Session High-Low Zones
This indicator automatically plots the high, low, and midline of three key trading sessions:
OPR Morning
OPR Afternoon
Asia Session
Each session is configurable with:
Custom time range (with automatic -2h adjustment using UTC+2)
Custom colors for lines and background
Adjustable line length and thickness
🔧 Perfect for identifying session-based market structure, key levels, and intraday zones of interest.
✅ Built with Pine Script v6
✅ Designed for scalpers and intraday traders
✅ Automatically adjusts time zones for consistency across platforms
Linda 3/10 by Paul Willy HammerUnfortunately, I was unable to locate the original 3/10 Oscillator by Linda Raschke, so I’ve created a new version based on Pine Script v6.
Please note that I’m not providing support for this script.
If you have questions about how to use it, I encourage you to do your own research.
The MACD line is displayed in green when rising and in red when falling.
GMMA + Fastest EMA Collapse/Expansion - Bold BUY/SELLA perfect blend of accurrate GMMA cross up and cross down giving direct buy and sell signals.
Dynamic Range Filter with Trend Candlesticks (Zeiierman)█ Overview
Dynamic Range Filter with Trend Candlesticks (Zeiierman) is a volatility-responsive trend engine that adapts in real-time to market structure, offering a clean and intelligent visualization of directional bias. It blends dynamic range calculation with customizable smoothing techniques and layered trend confirmation logic, making it ideal for traders who rely on clear trend direction, structural range analysis, and momentum-based candlestick signals.
By measuring scaled volatility over configurable lengths and applying advanced moving average techniques, this indicator filters out market noise while preserving true directional intent. Complementing this, a dual-trend system (range-based and candle-based) enhances clarity and responsiveness, particularly during shifting market conditions.
█ How It Works
⚪ Scaled Volatility Band Calculation
At the core lies a volatility engine that constructs adaptive range bands around price using smoothed high/low calculations. The bands are dynamically adjusted using:
High/Low Smoothing – Applies a moving average to the raw high and low data before calculating the range.
Scaled Range Volatility – A 2.618 multiplier scales the distance between smoothed highs and lows, forming a responsive volatility envelope.
Band Multiplier – Controls how wide the upper/lower range bands extend from the mean.
This filtering process minimizes false signals and highlights only structurally meaningful moves.
⚪ Multi-Type Smoothing Engine
Users can choose from a wide array of smoothing algorithms for trend construction, including:
HMA (default), SMA, EMA, RMA
KAMA – Adapts to market volatility using efficiency ratios.
VIDYA – Momentum-sensitive smoothing using CMO logic.
FRAMA – Dynamically adjusts to fractal dimension in price.
Super Smoother – Ideal for eliminating aliasing in range signals.
This provides the trader with fine-tuned control over reactivity vs. smoothness.
⚪ Trend Detection (Dual Engine)
The indicator includes two independent trend tracking systems:
Main Trend Filter – Based on adaptive volatility band shifts.
Candle Trend Filter – A second-tier confirmation using smoothed candle data, ideal for directional candles and confirmation entries.
█ How to Use
⚪ Trend Confirmation
Use the Trend Line and colored candlesticks for high-probability entries in the trend direction. The more trend layers that align, the higher the confidence.
⚪ Reversal Zones
When the price reaches the outer bands or fails to break them, look for candle color shifts or a crossover in the range to anticipate possible reversals or consolidations.
█ Settings
Scaled Volatility Length – Controls the lookback used to stabilize the base volatility band.
MA Type & Length – Choose and fine-tune the smoothing method (HMA, EMA, KAMA, etc.)
High/Low Smoother – Pre-smoothing for structural high/low banding.
Band Multiplier – Adjusts the width of the dynamic bands.
Trend Length (Candles) – Length used for candle-based trend confirmation.
-----------------
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.
Candle/RSI BUY SELLWhy Use Candlesticks?
They help traders visualize price action
Used in technical analysis and price pattern recognition (e.g., Doji, Engulfing, Hammer)
Assist in determining entry and exit points
Why Traders Use RSI:
To identify potential reversal zones
To confirm trend strength
To detect divergences between price and momentum
Why Combine Candlestick Patterns with RSI?
Using Candlestick patterns together with the Relative Strength Index (RSI) enhances trading decisions by combining price action and momentum analysis.
Conclusion:
Combining RSI with Candlestick patterns allows traders to:
Confirm potential reversals
Filter false signals
Improve entry and exit timing
Make more confident and accurate decisions
How It Works:
RSI Calculation
Custom RSI is calculated manually using Wilder's smoothing technique.
MA or BB Option
User can select whether to apply a smoothing MA or Bollinger Bands to RSI (useful for visual enhancements or custom strategies).
Buy/Sell Logic
check for:
Buy when the current candle is bullish (open <= close) and the previous candle was bearish (open >= close ), AND RSI is ≥ 50.
Sell when current candle is bearish and previous was bullish, AND RSI is ≤ 50.
Plot Buy/Sell Labels
Final Verdict
code is:
Valid (no syntax errors)
Useful (combines candlestick confirmation + RSI strength)
Extendable (can add divergence, alerts, etc.)
This Timeframe 5 min