Get started

Indicators and strategies

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 email : dudedicate@gmail.com
Pine Script® indicator
by dudedicate26
ADX+ Oscillator📈 ADX+ Oscillator — Enhanced Trend Strength Indicator 🔹 Description: A modified oscillator based on the ADX (Average Directional Index), providing both visual and digital interpretation of trend strength and direction. A powerful tool for filtering sideways markets and identifying strong impulses across any timeframe. 🔹 Features: • ADX line to assess trend strength • DI+ and DI− lines to determine trend direction • Colored background zones: • Gray: ranging market (ADX < 20) • Orange: transition zone (20 ≤ ADX < 25) • Green: strong trend (ADX ≥ 25) • Digital value labels for ADX / DI+ / DI− on the latest candle • Signal arrows when DI+ crosses DI− and vice versa 🔹 Why use it: • Signal filtering: avoid trades in flat markets (ADX < 20) • Trend confirmation: enter only when ADX is rising above 25 • Directional guidance via DI+ and DI− behavior 🔹 Best for: • Scalping (1m, 5m) • Intraday trading (15m, 1h) • Swing trading (4h and above) • Breakout and pullback strategies
Pine Script® indicator
by chirkovgleb
Best Fractals (Modified)"Best Fractals" Indicator – Modified Version This updated version of the "Best Fractals" TradingView indicator introduces the following improvements: ✅ Changes Implemented: Line Color Changed to Black: The horizontal lines that represent recent fractal levels are now drawn in black instead of red (for tops) and green (for bottoms). This helps ensure better visibility across various chart backgrounds. Fractal Marker Position Adjusted (Bottom Fractals): The bottom fractal triangle markers are now positioned closer to the candles by reducing the offset from -len to -1. This provides a more visually aligned and natural placement relative to price action. 🔧 Unchanged Features: Top and bottom fractals are still identified using custom logic based on the candle body highs and lows (not wicks). Triangular markers are shown above or below bars. Up to a specified number (fractalCount) of recent fractals are used to draw persistent horizontal lines.
Pine Script® indicator
by TradePro1000
Best FracktalsKey Features: Fractal Detection: The script detects both top and bottom fractals using custom logic based on candle body highs and lows, not wicks. Customizable Parameters: Number of candles (len) to check on each side of the central bar to determine if it forms a fractal. Number of fractals (fractalCount) to remember and draw lines for. Visual Indicators: A red downward triangle marks top fractals above the bar. A green upward triangle marks bottom fractals below the bar. Fractal Lines: Draws up to fractalCount horizontal lines across the chart at the levels of the most recent fractals. Lines update dynamically as new fractals are detected. Logic Overview: Top Fractal: The central candle has a higher body high than surrounding candles. Bottom Fractal: The central candle has a lower body low than surrounding candles. Ensures no duplicate fractals are marked on equal highs or lows.
Pine Script® indicator
by TradePro1000
SMA Crossover with Optional RSI, MACD, Volume and VBB FiltersSMA Crossover + Optional RSI, MACD, Volume, and VBB Filters This indicator visualizes the crossover between two SMAs (fast and slow) and allows refining the signals using optional filters: RSI, MACD, volume, and Volatility Bollinger Bands (VBB). All filters are optional and fully customizable. ✅ Available filters: MACD Direction Filter – allows signals only when the MACD line is rising (for longs) or falling (for shorts). MACD Cross Filter – restricts signals to occur only between MACD crossovers in a specific direction (e.g., long signals only after a bullish MACD cross and until the next bearish cross). You can combine both MACD filters for stricter conditions. Volatility Bollinger Band (VBB) Filter – filters out signals during low-volatility periods by measuring Bollinger Band width, ensuring signals occur only in sufficiently volatile conditions. 🔧 Recommended: adjust the volatility threshold depending on the market you trade (e.g., crypto, forex, stocks). RSI Filter – allows signals only when RSI is above a defined buy level or below a sell level. Volume Filter – allows signals only when the current volume exceeds the average volume multiplied by a defined factor. 💡 All filters can be enabled or disabled independently. The VBB bands can also be hidden from the chart while still functioning as a background filter. 📈 Buy and sell signals are plotted directly on the chart based on SMA crossovers, validated by the selected filters.
Pine Script® indicator
by Uncle_the_shooter
Zen Lab Checklist - FNSThe Zen Lab Checklist - FNS is a simple yet powerful visual trading assistant designed to help traders maintain discipline and consistency in their trading routines. This provides a customizable on-screen checklist. This indicator allows traders to verify key conditions before entering a trade which will help identify trade quality and promote structured trading habits. This indicator is ideal for discretionary traders who follow a consistent set of entry rules. ✅ Key Features Customizable Checklist Items: Define up to 6 checklist labels with on/off toggle switches to track your trade criteria. Visual Feedback: Each checklist item displays a ✅ checkmark when conditions are met or a ❌ cross when not. Colors are visually distinct — green for confirmed, red for not confirmed. Progress Tracker: A "Trade Score" footer calculates a "trade score" percentage, helping you quickly assess the trade idea quality and readiness. Table Position Control: Easily adjust the table’s position on your chart (e.g., top-right, middle-center, bottom-left) using a dropdown menu. Custom Styling Options: - Change background and font color of checklist rows. - Set font size (tiny to huge). - Set the header and footer colors separately for visual contrast. (default is green background with white font) 📌 How to Use - Open the indicator settings. - Label your checklist items to match your personal or strategy-specific rules. - Toggle the corresponding switches based on your trade setup conditions. - Review the on-chart checklist and "Trade Score" to confirm your trade decision. 🎯 Why Use This? - Discipline: Keeps you aligned with your trading plan. - Clarity: Clear visual indicator of trade readiness. - Efficiency: Saves time by centralizing your checklist visually on your chart. - Custom Fit: Adapt the labels and styling to match your strategy or preferences. ⚠️ Notes This is a manual checklist, meaning you control the toggle switches based on your judgment. Ideal for discretionary traders who follow a consistent set of entry rules.
Pine Script® indicator
by makinbills
RSI Buy Sell Signals[RanaAlgo]Overview This Premium RSI with Enhanced Signals builds upon the classic Relative Strength Index by incorporating multiple confirmation filters and visual enhancements to improve signal reliability. The indicator goes beyond basic overbought/oversold levels by adding volume confirmation, trend alignment, and peak detection logic. Key Features Enhanced Signal Detection Peak Strength Filter: Requires RSI movements to meet minimum strength criteria (configurable from 1-5 bars) Volume Confirmation: Optional volume filter to ensure signals occur with above-average trading activity Trend Alignment: Optional trend confirmation that checks price position relative to 20-period EMA Visual Improvements Dynamic coloring of RSI line (green in oversold, red in overbought) Customizable reference lines and zones Clear buy/sell signals with triangle markers Comprehensive info panel showing current RSI status Alert Capabilities Ready-to-use alert conditions for both buy and sell signals Visual and audible alerts when signals trigger How It Works Core RSI Calculation: Uses standard RSI formula with configurable length (default 14) Signal Generation: Buy signals require either: RSI rising from oversold with volume/trend confirmation (when enabled) Simple crossover above oversold level (when filters disabled) Sell signals require either: RSI falling from overbought with volume/trend confirmation Simple crossunder below overbought level Additional Filters: Minimum peak strength prevents weak, insignificant movements from generating signals Volume filter helps confirm institutional participation Trend filter aligns signals with broader price direction Usage Instructions Apply to any chart timeframe (works best on 1H or higher) Configure settings in the input panel: Adjust RSI length if needed Set overbought/oversold levels (default 70/30) Enable/disable volume and trend filters Customize visual elements Signals appear as triangles below/above the RSI line Use alerts to get notified of new signals Differentiation from Standard RSI This indicator adds several layers of confirmation that aren't present in the basic RSI: Multi-bar momentum requirement for peaks/troughs Volume validation option Trend confirmation option Smoothed RSI line for cleaner visualization Comprehensive info panel with current status The combination of these features helps filter out false signals that commonly occur with traditional RSI implementations.
Pine Script® indicator
by RanaAlgo
Correlation Coefficient📊 Correlation Coefficient (CC) This indicator measures the statistical correlation between two selected securities over a defined period, scaled from -100 to +100. It helps you quickly assess whether assets are moving: Together (positive correlation) Opposite (negative correlation) Independently (zero correlation) 🔧 Features: Select any two symbols (default: NIFTY & BANKNIFTY) Adjustable length parameter for short-term or long-term correlation analysis Clean, color-coded plot with horizontal levels to easily identify key correlation zones 📈 Useful For: Pair trading setups Hedging strategies Detecting market regime shifts or intermarket divergences ⚠️ Disclaimer: This is not trading or investment advice. This indicator is intended for informational purposes only and is not recommended for making direct trading decisions.
Pine Script® indicator
by Pro_Quantitative_Trader
Visually Layered OscillatorVisually Layered Oscillator User's Manual Visually Layered Oscillator is a multi-oscillator designed to provide an intuitive visualization of RSI, MACD, ADX + DMI, allowing traders to interpret multiple signals at a glance. It is designed to allow comparison within the same panel while maintaining the inherent meaning of each oscillator and compensating for visual distortion issues caused by size differences. Component Overview Item Description RSI (x10) Displays relative buy/sell strength. Values above 70 are overbought; values below 30 are oversold. MACD (3,16,10) Momentum indicator showing the difference between moving averages. Consists of lines and histograms ADX ×50 + DMI Indicates the strength of the trend; ADX determines the strength of the trend and DMI determines whether it is buy/sell dominant. White background color treatment Removes difficult-to-see grid lines to improve visibility. 🖥️ Screen Example The panel is divided into the following three layers mathematica Copy Edit Top: ⬆️ RSI (purple) Middle: 📈 MACD, Signal, Histogram + Color Fill Bottom: 📉 ADX × 50, DMI+ / DMI- (Red, Blue, Orange) TIP: If you zoom in on the indicators at a larger scale, you can see that each indicator is drawn at a different height level and placed in such a way that they do not overlap. ⚙️ Settings Fast Length: MACD Quick Line Duration (Basic 3) Slow Length: MACD slow line period (basic 16) Smoothing: Signal line smoothing value (basic 10) Notes and Tips RSI × 10 and ADX × 50 are for visualization purposes only multiplied by multiples of the actual values. It does not affect the calculation and maintains the original RSI/ADX characteristics. The MACD fill color visually highlights crossing conditions. The background is treated in full white, making the indicator look clean without grid lines.
Pine Script® indicator
by seongchae_yoon
SMA Zone with Breakouts/Tests 1.0.This indicator plots a dynamic “SMA Zone” between two simple moving averages (one applied to lows, one to highs) and highlights key interaction points with the zone: Breakouts Bull Break: price closes above the upper SMA Bear Break: price closes below the lower SMA Requires confirmation via either above-average volume or an unusually wide bar (spread > ATR) closing near its extreme Tests & Retests After a breakout, the first re-entry into the zone edge is labeled “Test,” subsequent re-entries are numbered “Retest,” “2nd Retest,” etc. Zone Weakening: each additional Test/Retest signifies diminished zone strength—fewer reliable boundaries remain (Traditional S/R theory) Alerts Fires a unified “Zone Signal” alert on every Break, Test, and Retest (set condition to “Any alert() function call”). Disclaimer: This is not financial advice and should not be used as a standalone trading signal. It’s designed to draw your attention to important price-zone interactions so you can manually tune in. The logic can be further enhanced or combined with other indicators/algorithms as part of a more complex trading system.
Pine Script® indicator
by Alex_Algo