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VWAP + ATR/Fixed BandsVWAP + ATR/Fixed Bands is a professional-grade intraday tool designed to help traders spot overextension and reversion zones around VWAP. This indicator offers two distinct band types: 🔹 ATR-based Bands Automatically adjusts upper/lower thresholds based on volatility using customizable ATR multipliers (default 1.5x and 2.0x). 🔹 Fixed Range Bands Designed for index traders (ES1!, DAX, etc.), this mode plots static offset bands around VWAP for more realistic control in smooth, high-liquidity markets. 🔧 Inputs: VWAP (sessional) ATR Length (default 14) ATR Multipliers (e.g., 1.5x / 2.0x) Fixed Range Toggle + Value (e.g., 25 points) 🧠 How to Use: Use ATR mode for assets like gold, oil, or crypto Use Fixed mode for indices (ES, DAX) where ATR is too tight Watch for price touching outer bands → then wait for rejection Combine with time-of-day, RSI divergence, or candlestick traps Created by MeanFlow Strategies | Clean Systems. No Fluff. For premium PDFs and live setups: gumroad.com/meanflow
Pine Script® indicator
by Zarko
1
ZigZag ProZigZag Pro is a precise market structure indicator that automatically detects two independent ZigZag patterns and highlights breakouts whenever significant highs or lows are breached. The indicator calculates two separate ZigZag structures in real time. ZigZag1 captures the broader market swings and is ideal for trend or swing trading. ZigZag2 is optional and reacts more quickly – perfect for intraday or scalping setups. Both layers are fully customizable in terms of depth, color, and line width. What makes this tool especially useful: whenever a previous swing high (for long trades) or swing low (for short trades) is broken, the indicator draws a horizontal breakout line on the chart. This makes it easy to spot structural breakouts and take advantage of potential momentum moves. ZigZag Pro is designed for traders who rely on clean, rule-based market structure — whether you're trading classic breakouts, smart money concepts, or simply want a clearer view of trend shifts. The visuals are minimal, responsive, and suitable for any timeframe.
Pine Script® indicator
by Jonny86FXPro
Pin Bar Highlighter OnlyAbsolutely — here’s a full **description and breakdown** of what the script does: --- ## 📜 Script Name: **"Pin Bar Highlighter Only"** --- ## 🎯 Purpose: This script **detects and highlights classic pin bar reversal candles** directly on the chart — without plotting any entry, stop loss, or take profit levels. It’s designed for traders who: * Want to manually assess trades * Prefer a clean chart * Use pin bar price action as a signal for potential reversals --- ## ✅ What It Does: * **Scans each candle** to check if it qualifies as a **bullish** or **bearish pin bar** * If valid: * Plots a **green triangle below** bullish pin bars * Plots a **red triangle above** bearish pin bars * Keeps your chart **minimal and uncluttered** --- ## 📌 How It Detects a Pin Bar: ### 🔹 1. Candle Structure: * Measures the total candle range: `high - low` * Calculates the **body size**: `abs(close - open)` * Calculates the **upper and lower wick sizes** ### 🔹 2. Pin Bar Criteria: * The **wick (nose)** must be at least **2/3 of the total candle length** * The **body** must be small — **≤ 1/3** of the total range * The **body** must be located at **one end** of the candle * The wick must **pierce the high/low** of the previous candle --- ## 📍 Bullish Pin Bar Requirements: * Close > Open (green candle) * Lower wick ≥ 66% of candle range * Body ≤ 33% of range * Candle **makes a new low** (current low < previous low) ### 📍 Bearish Pin Bar Requirements: * Close < Open (red candle) * Upper wick ≥ 66% of candle range * Body ≤ 33% of range * Candle **makes a new high** (current high > previous high) --- ## 🖼️ Visual Output: * 🔻 Red triangle **above** bearish pin bars * 🔺 Green triangle **below** bullish pin bars --- ## 🛠️ Example Use Cases: * Identify **reversal points** at support/resistance * Confirm signals with **VWAP**, supply/demand zones, or AVWAP (manually plotted) * Use in **conjunction with other strategies** — without clutter ---
Pine Script® indicator
by farimanga87
TEMA with Slope Color [MrBuCha]This TEMA indicator is particularly useful for trend following strategies. The key innovation here is using a higher timeframe (default 1-hour) to get a broader perspective on the trend direction, while the color-coding makes it immediately obvious whether the momentum is bullish (blue) or bearish (orange). The 200-period length makes this more suitable for swing trading rather than day trading, as it filters out short-term noise and focuses on significant trend movements. // What is TEMA and How Does It Work? TEMA (Triple Exponential Moving Average) is a technical indicator that builds upon the standard EMA to reduce lag and provide faster response to price changes. The calculation process is: EMA1 = EMA of closing price with specified length EMA2 = EMA of EMA1 with the same length EMA3 = EMA of EMA2 with the same length TEMA = 3 × (EMA1 - EMA2) + EMA3 This formula helps reduce the lag inherent in smoothing calculations, making TEMA more responsive to price movements compared to other moving averages. Default Values Length: 200 periods Timeframe: "60" (1 hour) Slope Colors Blue: When TEMA is trending upward (tema_current > tema_previous) Orange: When TEMA is trending downward (tema_current ≤ tema_previous) Pros and Cons Summary Advantages: Fast Response: Reduces lag better than SMA and regular EMA Easy to Use: Color-coded slope makes trend direction immediately visible Multi-timeframe Capability: Can display TEMA from higher timeframes Trend Following: Excellent for identifying trend direction Visual Clarity: Clear color signals help with quick decision making Disadvantages: False Signals: Prone to whipsaws in sideways/choppy markets Noise in Volatility: Frequent color changes during high volatility periods Not Suitable for Scalping: Length of 200 is quite long for short-term trading Still Lagging: Despite improvements, it remains a lagging indicator Requires Confirmation: Should be used with other indicators for better accuracy Best Use Cases: Medium to long-term trend following Identifying major trend changes Multi-timeframe analysis Combine with momentum oscillators for confirmation Trading Tips: Wait for color confirmation before entering trades Use higher timeframe TEMA for overall trend bias Combine with support/resistance levels Avoid trading during consolidation periods
Pine Script® indicator
by mrbucha
AI-Volume ProfileThe AI-Volume Profile is a powerful volume-based tool that mimics the intelligent behavior of AI-driven systems by dynamically adapting to market structure. While it doesn’t use real machine learning, its smart presets and adaptive volume logic provide traders with a clear and insightful view of high-activity price zones – including Point of Control (POC) and Value Area (VA). Designed for multiple trading styles, it includes built-in presets for Intraday Scalping, Swing Trading, and Daily Analysis – or full Custom Mode for manual configuration of volume bins, lookback range, value area, and display width. The indicator highlights the POC, the price level with the highest traded volume, and optionally displays VAH and VAL boundaries. Volume boxes are scaled and colored based on relative volume, offering a clean visual map of market interest. Features also include a VWAP filter for context-based adjustments and an offset setting to project the profile into future candles. A subtle watermark rounds off the professional design. Inspired by AI systems – without using AI itself – this script brings structured, adaptive logic to your chart, making it ideal for volume-based decision making in fast or slow markets.
Pine Script® indicator
by Jonny86FXPro
Manual Fib Levels (Paul Laurent Trading)📜 Script Description for TradingView Manual Fibonacci Levels with Whole Number Lines This script draws infinite horizontal lines for custom Fibonacci retracement and extension levels, based on manually entered high and low points. It also includes additional lines at full whole number levels (e.g., 1.0000, 2.0000, 3.0000), making it easier to visualize key psychological price zones within the Fibonacci range. Features: * Custom manual high/low inputs * Infinite Fib lines (retracement + extension) * Separate whole-number lines within the Fib range * Adjustable line color and thickness for both sets Useful for traders who prefer visual clarity with precise price alignment across major and whole-number levels.
Pine Script® indicator
by Paul_Laurent
RSI.TrendContext The Relative Strength Index (RSI) is one of the most widely used classical indicators in technical analysis, typically employed to identify overbought or oversold market conditions. It reflects the degree of upside or downside dominance within a specified period. However, in its standard form, RSI is not particularly effective as a standalone entry trigger. The RSI.Trend indicator enhances the RSI to provide a more reliable method for distinguishing between bullish and bearish market regimes and offers specific entry triggers. It adds supplementary value to the pure RSI read.________________________________________ Concept In trending markets, an Exponential Moving Average (EMA) of the price is often smoother and more stable than raw price data. As a result, the RSI calculated on this smoothed price (i.e., the EMA) tends to react earlier and more consistently than the standard RSI. Specifically: • In uptrends, the RSI of the EMA tends to exceed the RSI of the original price. • In downtrends, it tends to lag behind. The difference between these two RSI readings provides a stable and less noisy measure of market bias—positive in uptrends, negative in downtrends. The crossing points can serve as entry triggers. This is, what the RSI.Trend is trying to capture. ________________________________________ The RSI.Trend indicator operates as follows: • It first computes the 5-period EMA of the price series of the underlying ("EMA5"). • It calculates the 14-period RSI of the original price series ("RSI") as well as the 14-period RSI of EMA5 ("RSIEMA"). • It then determines the 14-period EMA of RSI ("RSI.MA") and RSIEMA ("RSIEMA.MA"). These values are used to define a Baseline and a Trigger Line: • Baseline: The average of RSI and RSI.MA. • Trigger Line: The average of RSIEMA and RSIEMA.MA. Essentially, the baseline represents a smoother version of the RSI of the original price series, while the trigger line is a smoother version of the RSI on the EMA5 of the original price series. Additionally, the RSI.Trend Background Value is calculated as the difference between the Trigger Line and the Baseline, slightly accelerated by incorporating the current bias of this difference. This acceleration causes the Background Value to react somewhat faster than the pure difference between the two lines. How to use the RSI.Trend: • As mentioned in the introductory context, during uptrends, the trigger line remains above the baseline; in downtrends, it stays below the baseline. • A crossover of the baseline by the trigger line indicates a regime shift from bearish to bullish and can signal avoiding adding short positions, closing short positions, or adding long positions. • A crossunder of the baseline by the trigger line indicates a regime shift from bullish to bearish and can signal avoiding adding long positions, closing long positions, or adding short positions. • The level of the Trigger Line can serve as a confidence indicator; for instance, if the trigger line crosses under the baseline coming from very high values, it implies high confidence. • The Background Value indicates the accelerated difference between the two lines: o > 0 (Green background): Indicates a Bullish regime. o < 0 (Red background): Indicates a Bearish regime. The Background Value reacts slightly faster than line crossings due to its acceleration relative to the difference of the two lines. Including these lines in the script besides the Background Value, provides insight into their levels and their origins, aiding in formulating confidence in an entry trigger, which the background value alone cannot provide. The change in slope of the trigger Line can also be used as an early and fast position-trigger. Finally, the Background Value can be utilized in continuous trading scenarios (i.e., no entry points, always engaged) as a multiplier on a predefined max-exposure value, representing the current exposure as a fraction of that max-exposure. The usage of RSI.Trend is also exemplified in the introductory chart.________________________________________ Final Notes As with all indicators, the RSI.Trend is most effective when used in conjunction with other technical tools and market context. It does not predict future price movements; rather, it reflects current market dynamics and recent directional tendencies. Use it with discretion and as part of a broader trading strategy.
Pine Script® indicator
by parsifaltrading
Enhanced Stock Ticker with 50MA vs 200MADescription The Enhanced Stock Ticker with 50MA vs 200MA is a versatile Pine Script indicator designed to visualize the relative position of a stock's price within its short-term and long-term price ranges, providing actionable bullish and bearish signals. By calculating normalized indices based on user-defined lookback periods (defaulting to 50 and 200 bars), this indicator helps traders identify potential reversals or trend continuations. It offers the flexibility to plot signals either on the main price chart or in a separate lower pane, leveraging Pine Script v6's force_overlay functionality for seamless integration. The indicator also includes a customizable ticker table, visual fills, and alert conditions for automated trading setups. Key Features Dual Lookback Indices: Computes short-term (default: 50 bars) and long-term (default: 200 bars) indices, normalizing the closing price relative to the high/low range over the specified periods. Flexible Signal Plotting: Users can toggle between plotting crossover signals (triangles) on the main price chart (location.abovebar/belowbar) or in the lower pane (location.top/bottom) using the Plot Signals on Main Chart option. Crossover Signals: Generates bullish (Golden Cross) and bearish (Death Cross) signals when the short or long index crosses above 5 or below 95, respectively. Visual Enhancements: Plots short-term (blue) and long-term (white) indices in a separate pane with customizable lookback periods. Includes horizontal reference lines at 0, 20, 50, 80, and 100, with green and red fills to highlight overbought/oversold zones. Dynamic fill between indices (green when short > long, red when long > short) for quick trend visualization. Displays a ticker and legend table in the top-right corner, showing the symbol and lookback periods. Alert Conditions: Supports alerts for bullish and bearish crossovers on both short and long indices, enabling integration with TradingView's alert system. Technical Innovation: Utilizes Pine Script v6's force_overlay parameter to plot signals on the main chart from a non-overlay indicator, combining the benefits of a separate pane and chart-based signals in a single script. Technical Details Calculation Logic: Uses confirmed bars (barstate.isconfirmed) to calculate indices, ensuring reliability by avoiding real-time bar fluctuations. Short-term index: (close - lowest(low, lookback_short)) / (highest(high, lookback_short) - lowest(low, lookback_short)) * 100 Long-term index: (close - lowest(low, lookback_long)) / (highest(high, lookback_long) - lowest(low, lookback_long)) * 100 Signals are triggered using ta.crossover() and ta.crossunder() for indices crossing 5 (bullish) and 95 (bearish). Signal Plotting: Main chart signals use force_overlay=true with location.abovebar/belowbar for precise alignment with price bars. Lower pane signals use location.top/bottom for visibility within the indicator pane. Plotting is controlled by boolean conditions (e.g., bullishLong and plot_on_chart) to ensure compliance with Pine Script's global scope requirements. Performance Considerations: Optimized for efficiency by calculating indices only on confirmed bars and using lightweight plotting functions. How to Use Add to Chart: Copy the script into TradingView's Pine Editor and add it to your chart. Configure Settings: Short Lookback Period: Adjust the short-term lookback (default: 50 bars) to match your trading style (e.g., 20 for shorter-term analysis). Long Lookback Period: Adjust the long-term lookback (default: 200 bars) for broader market context. Plot Signals on Main Chart: Check this box to display signals on the price chart; uncheck to show signals in the lower pane. Interpret Signals: Golden Cross (Bullish): Green (long) or blue (short) triangles indicate the index crossing above 5, suggesting a potential buying opportunity. Death Cross (Bearish): Red (long) or white (short) triangles indicate the index crossing below 95, signaling a potential selling opportunity. Set Alerts: Use TradingView's alert system to create notifications for the four alert conditions: Long Index Valley, Long Index Peak, Short Index Valley, and Short Index Peak. Customize Visuals: The ticker table displays the symbol and lookback periods in the top-right corner. Adjust colors and styles via TradingView's settings if desired. Example Use Cases Swing Trading: Use the short-term index (e.g., 50 bars) to identify short-term reversals within a broader trend defined by the long-term index. Trend Confirmation: Monitor the fill between indices to confirm whether the short-term trend aligns with the long-term trend. Automated Trading: Leverage alert conditions to integrate with bots or manual trading strategies. Notes Testing: Always backtest the indicator on your chosen market and timeframe to validate its effectiveness. Optional Histogram: The script includes a commented-out histogram for the index difference (index_short - index_long). Uncomment the plot(index_diff, ...) line to enable it. Compatibility: Built for Pine Script v6 and tested on TradingView as of May 27, 2025. Acknowledgments This indicator was inspired by the need for a flexible tool that combines lower-pane analysis with main chart signals, made possible by Pine Script's force_overlay feature. Share your feedback or suggestions in the comments below, and happy trading!
Pine Script® indicator
by chuckaschultz
Momentum FVG Giriş Sinyali v2indicator("Momentum FVG Giriş Sinyali v2", overlay=true) // Hacim ortalaması (daha esnek) volumeLength = input.int(10, "Hacim Ortalaması") useVolume = input.bool(true, "Hacim Filtresi Kullanılsın mı?") avgVolume = ta.sma(volume, volumeLength) volumeCondition = volume > avgVolume * 0.9 // %90 yeterli // Basit Engulf Mantığı bullishEngulf = close > open and close > close and open <= close bearishEngulf = close < open and close < close and open >= close // Sinyaller longSignal = bullishEngulf and (useVolume ? volumeCondition : true) shortSignal = bearishEngulf and (useVolume ? volumeCondition : true) // Gösterim plotshape(longSignal, title="BUY", location=location.belowbar, color=color.lime, style=shape.labelup, text="BUY") plotshape(shortSignal, title="SELL", location=location.abovebar, color=color.red, style=shape.labeldown, text="SELL") // Alarmlar alertcondition(longSignal, title="BUY Alarm", message="Momentum BUY sinyali geldi!") alertcondition(shortSignal, title="SELL Alarm", message="Momentum SELL sinyali geldi!")
Pine Script® indicator
by bluestar222
1
RSI Crossover Signal Companion - Alerts + Visuals🔷 RSI Crossover Signal Companion — Alerts + Visuals The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of recent price movements. It helps traders identify overbought or oversold conditions, possible trend reversals, and momentum strength. This utility builds on TradingView’s classic Relative Strength Index (RSI) by adding real-time alerts and triangle markers when the RSI crosses its own moving average — a common technique for early momentum detection. It is designed as a lightweight, visual companion tool for traders using RSI/MA crossover logic in manual or semi-automated strategies. 🔍 Features ✅ Preserves the full original RSI layout, including: • Gradient fill and overbought/oversold zones • Standard RSI input settings (length, source, etc.) • MA smoothing options with user-defined type and length 🔺 Adds visual triangle markers: 🔼 Up triangle when RSI crosses above its MA 🔽 Down triangle when RSI crosses below its MA 📢 Built-in alerts for RSI/MA crosses: “RSI Crossed Above MA” “RSI Crossed Below MA” 📈 How to Use This script is ideal for: • Spotting early momentum shifts • Confirming entries or exits in other systems (price action, trendlines, breakouts) • Building alert-based automation (webhooks, bots, etc.) Popular use cases: • Combine with trend indicators like MA200 or MA12 • Use in confluence with price structure and divergence • Validate breakout moves with momentum confirmation ⚙️ Customization RSI length, MA length, MA type, and source are fully adjustable Triangle marker size, shape, and color can be edited under Style Alerts are pre-built and ready for use
Pine Script® indicator
by kurtroelants
AVWAP with Auto DetectionThis is a comprehensive **AVWAP (Anchored Volume Weighted Average Price) indicator** for TradingView that provides multiple VWAP calculations with automatic detection and customizable anchor points. ## Key Features **Automatic AVWAP Calculations:** - **Year-to-Date (YTD) AVWAP** - Automatically calculates from January 1st of the current year - **Month-to-Date (MTD) AVWAP** - Automatically calculates from the 1st of the current month **Custom AVWAP Anchors:** - Up to **6 custom AVWAP lines** with user-defined start dates - Each custom AVWAP can be individually enabled/disabled - Customizable colors for each AVWAP line - Date format display (YYYY-MM-DD) for easy identification **Visual Elements:** - **AVWAP lines** plotted directly on the chart with customizable colors - **Anchor point markers** showing where each AVWAP calculation begins - **Price labels** on the latest bar showing current AVWAP values - **Comprehensive data table** displaying all AVWAP values and price distances **Interactive Table:** - Shows AVWAP values, current prices, and percentage distance from each AVWAP - Color-coded distance indicators (green for above AVWAP, red for below) - Adjustable table position (4 corner options) - Toggle table visibility on/off **User Controls:** - Enable/disable individual AVWAP calculations - Customize colors for each AVWAP line - Set custom anchor dates for historical analysis - Adjust table display preferences This indicator is particularly useful for traders who want to track multiple AVWAP levels simultaneously, analyze price behavior relative to volume-weighted averages from specific dates, and monitor both automatic (YTD/MTD) and custom time period VWAPs in a single, organized display.
Pine Script® indicator
by bole92171
Cap's Major Round NumbersTries to only show major round numbers regardless of whether you're looking at something priced in the thousands or under a dollar. Detailed Description: This indicator plots horizontal lines at significant round number price levels, helping traders identify potential support and resistance zones. It offers up to six customizable price steps (e.g., 10000, 1000, 100, 10, 1, 0.1) to draw lines above and below the current price, with options to enable/disable each step based on the asset's price range. Features: Steps: Configure up to six price intervals (default: 10000, 1000, 100, 10, 1, 0.1) for plotting round number levels. Maximum Lines: Set the number of lines drawn above and below the current price for each step. Style Customization: Choose line color, style (solid, dotted, dashed), and width for lines above and below the price. Conditional Display: Automatically disables steps for higher price levels on assets with lower prices to avoid clutter. Overlay: Lines are drawn directly on the chart with full extension for clear visibility. Usage: Apply to any chart to highlight key psychological price levels. Adjust step sizes, line styles, and maximum lines to match your trading strategy. Best used as a visual aid for identifying potential price barriers. Note: This is a technical analysis tool and does not provide trading signals or financial advice. Always conduct your own research.
Pine Script® indicator
by capital_flight
Cap's Dual Auto Fib RetracementThis will draw both a bullish retracement and a bearish retracement. It's defaulted to just show the 0.618 level as I feel like this is the "make or break" level. - A close below the bullish 0.618 retracement would be considered very bearish. - A close above the bearish 0.618 would be considered very bullish. (You can still configure whichever levels you want, however.) This script was removed by TradingView last time it was published. I couldn't find another script that would provide both bearish/bullish retracements, so I'm assuming this is "original" enough. Maybe it was removed because the description wasn't long enough, so... Detailed Description: This indicator automatically plots Fibonacci retracement levels based on zigzag pivot points for both bullish (low-to-high) and bearish (high-to-low) price movements. It identifies key pivot points using a customizable deviation multiplier and depth setting, then draws Fibonacci levels (0, 0.236, 0.382, 0.5, 0.618, 0.786, 1) with user-defined visibility and colors for each level. Features: Deviation: Adjusts sensitivity for detecting pivots (default: 2). Depth: Sets minimum bars for pivot calculation (default: 10). Extend Lines: Option to extend lines left, right, or both. Show Prices/Levels: Toggle price and level labels, with options for value or percentage display. Labels Position: Choose left or right label placement. Background Transparency: Customize fill transparency between levels. Alerts: Triggers when price crosses any Fibonacci level. Usage: Apply to any chart to visualize potential support/resistance zones. Adjust settings to suit your trading style. Requires sufficient data; use lower timeframes or reduce depth if pivots are not detected. Note: This is a technical analysis tool and does not provide trading signals or financial advice. Always conduct your own research.
Pine Script® indicator
by capital_flight
SMA50 ATR%SMA50 ATR% Zones Indicator Overview: The "SMA50 ATR%" indicator is designed to provide dynamic zones above and below a Simple Moving Average (SMA) based on multiples of the Average True Range (ATR). These zones can help traders identify potential areas of interest for entries, profit-taking, and stop-loss placement by visualizing how far the price has deviated from its medium-term mean (SMA) relative to its recent volatility (ATR). Key Features: Central SMA: Plots a customizable Simple Moving Average (default 50-period) as the baseline. ATR-Based Zones: Calculates and displays distinct zones by adding or subtracting multiples of the ATR (default 10-period) from the SMA. Color-Coded Visuals: Each zone type is clearly differentiated by color and shading intensity, providing an intuitive visual guide. Current Zone Label: Displays the specific ATR multiple zone the current price is trading in, offering quick insight into the market's current position relative to the zones. Zone Breakdown: The indicator plots the following zones: Entry Zones (Green Shades): +1x ATR to +2x ATR above SMA +2x ATR to +3x ATR above SMA +3x ATR to +4x ATR above SMA The green shades become progressively lighter as they move further from the SMA, with the zone closest to the SMA being the darkest green. Hold Zones (Yellow Shades): +4x ATR to +5x ATR above SMA (Darker Yellow) +5x ATR to +6x ATR above SMA (Lighter Yellow) Sell Zones (Red Shades): +6x ATR to +7x ATR above SMA +7x ATR to +8x ATR above SMA +8x ATR to +9x ATR above SMA +9x ATR to +10x ATR above SMA +10x ATR to +11x ATR above SMA The red shades become progressively darker as they move further from the +6x ATR level, with the +10x to +11x ATR zone being the darkest red. Stop Loss Zones (Red Shades): -1x ATR below SMA (Lighter Red) -1x ATR to -2x ATR below SMA (Darker Red) How to Use: Potential Entry Areas: The green "Entry Zones" might indicate areas where the price has pulled back towards the SMA but is still showing strength, or areas where a breakout above the SMA is gaining momentum relative to volatility. Potential Overbought/Hold Areas: The yellow "Hold Zones" could suggest that the price is becoming extended from its mean, warranting caution or a "hold" approach for existing positions. Potential Profit-Taking/Sell Areas: The red "Sell Zones" might highlight significantly overbought conditions where the price has moved multiple ATRs above the SMA, potentially signaling areas for profit-taking or considering short entries. Potential Stop-Loss Areas: The red "Stop Loss Zones" below the SMA can help define areas where a breakdown below the moving average, considering volatility, might invalidate a bullish bias. Customization: SMA Length: Adjust the period for the Simple Moving Average (Default: 50). ATR Length: Adjust the period for the Average True Range calculation (Default: 10). Show Current Zone Label: Toggle the visibility of the on-screen label that displays the current price's ATR zone. SMA Line Width: Customize the thickness of the SMA line. Label Position & Size: Control the placement and text size of the current zone label for optimal chart readability. Disclaimer: This indicator is a tool for technical analysis and should not be considered as financial advice. Always use risk management and combine with other analysis methods before making trading decisions.
Pine Script® indicator
by Maelstroem_