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MULTI-SESSION GLM🎯 "MULTI-SESSION GLM" Indicator Highlight 3 customizable trading sessions directly on your chart, each with unique colors—ideal for spotting market overlaps or key trading hours. ✨ Features: ✅ 3 independent sessions (adjust time ranges & colors). ✅ Transparent overlay (non-intrusive to price action). ✅ Perfect for Forex, Futures, and Stock traders. ✅ Easy setup (configure in seconds). ⚙️ How to Use: Open the indicator settings. Set your sessions (e.g., "0800-1200"). Pick colors for each zone.
Pine Script® indicator
by Gonza-lm
Open Vertical Lines [TradeWithRon]This indicator allows traders to draw vertical lines manually or automatically based on the current or specified higher timeframes. It is a versatile tool designed to help users identify and mark significant changes in the market, such as new candle formations, based on a selected or auto-adjusted timeframe. Open Source Features: Timeframe Customization: Users can either manually specify a desired timeframe (e.g., 1-hour, 1-day, etc.) or enable the "Auto" feature, which automatically adjusts the timeframe based on the current chart's timeframe for better alignment with different trading strategies. Customizable Line Style: The vertical line can be drawn in three different styles: Solid, Dashed, or Dotted, giving users the flexibility to choose their preferred appearance for better chart readability. Line Color: Users can select the color of the vertical line with transparency options to match their chart's visual preferences. Auto Timeframe Adjustments: The "Auto Align" option dynamically adjusts the timeframe used for vertical lines depending on the chart's current timeframe. For example, if you’re using a lower timeframe (e.g., 5 minutes), the indicator will automatically switch to a higher timeframe (e.g., 1 hour or daily) to mark vertical lines, ensuring the lines correspond to higher timeframe price action. Vertical Line Placement: A vertical line is placed each time a new candle appears on the chart, marking key moments for the user to analyze market movements. This can be helpful for marking the start of new trading sessions or significant events in the market. How to Use: 1. Apply the indicator to your chart. 2. Configure the preferred timeframe settings (either fixed or auto-align). 3. Customize the line style and color according to your visual preference. 4. The indicator will automatically place vertical lines on the chart when a new candle is formed, based on your selected timeframe.
Pine Script® indicator
by yeahronc
Multi-Timeframe EMAs with PivotThis is a well-designed multi-timeframe EMA indicator with pivot points for TradingView. Here's a detailed analysis: Core Components Multi-Timeframe EMAs Tracks 5, 20, and 48-period EMAs across 4 timeframes (1m, 5m, 15m, 1h) Uses request.security() to fetch higher timeframe data accurately Each EMA is toggleable via input settings Pivot Point System Calculates classic pivot point: (Prev High + Prev Low + Prev Close)/3 Flexible timeframe selection (default: Daily) Displays as a yellow line with labeled value Visual Design Color-coded EMAs for easy identification Clean plotting with na values for disabled EMAs Dynamic pivot line that auto-centers on last bar
Pine Script® indicator
by repairworldsirsi
TTM Squeeze Momentum MTF [Cometreon]TTM Squeeze Momentum MTF combines the core logic of both the Squeeze Momentum by LazyBear and the TTM Squeeze by John Carter into a single, unified indicator. It offers a complete system to analyze the phase, direction, and strength of market movements. Unlike the original versions, this indicator allows you to choose how to calculate the trend, select from 15 different types of moving averages, customize every parameter, and adapt the visual style to your trading preferences. If you are looking for a powerful, flexible and highly configurable tool, this is the perfect choice for you. 🔷 New Features and Improvements 🟩 Unified System: Trend Detection + Visual Style You can decide which logic to use for the trend via the "Show TTM Squeeze Trend" input: ✅ Enabled → Trend calculated using TTM Squeeze ❌ Disabled → Trend based on Squeeze Momentum You can also customize the visual style of the indicator: ✅ Enable "Show Histogram" for a visual mode using Histogram, Area, or Column ❌ Disable it to display the classic LazyBear-style line Everything updates automatically and dynamically based on your selection. 🟩 Full Customization Every base parameter of the original indicator is now fully configurable: lengths, sources, moving average types, and more. You can finally adapt the squeeze logic to your strategy — not the other way around. 🟩 Multi-MA Engine Choose from 15 different Moving Averages for each part of the calculation: SMA (Simple Moving Average) EMA (Exponential Moving Average) WMA (Weighted Moving Average) RMA (Smoothed Moving Average) HMA (Hull Moving Average) JMA (Jurik Moving Average) DEMA (Double Exponential Moving Average) TEMA (Triple Exponential Moving Average) LSMA (Least Squares Moving Average) VWMA (Volume-Weighted Moving Average) SMMA (Smoothed Moving Average) KAMA (Kaufman’s Adaptive Moving Average) ALMA (Arnaud Legoux Moving Average) FRAMA (Fractal Adaptive Moving Average) VIDYA (Variable Index Dynamic Average) 🟩 Dynamic Signal Line Apply a moving average to the momentum for real-time cross signals, with full control over its length and type. 🟩 Multi-Timeframe & Multi-Ticker Support You're no longer limited to the chart's current timeframe or ticker. Apply the squeeze to any symbol or timeframe without repainting. 🔷 Technical Details and Customizable Inputs This indicator offers a fully modular structure with configurable parameters for every component: 1️⃣ Squeeze Momentum Settings – Choose the source, length, and type of moving average used to calculate the base momentum. 2️⃣ Trend Mode Selector – Toggle "Show TTM Squeeze Trend" to select the trend logic displayed on the chart: ✅ Enabled – Shows the trend based on TTM Squeeze (Bollinger Bands inside/outside Keltner Channel) ❌ Disabled – Displays the trend based on Squeeze Momentum logic 🔁 The moving average type for the Keltner Channel is handled automatically, so you don't need to select it manually, even if the custom input is disabled. 3️⃣ Signal Line – Toggle the Signal Line on the Squeeze Momentum. Select its length and MA type to generate visual cross signals. 4️⃣ Bollinger Bands – Configure the length, multiplier, source, and MA type used in the bands. 5️⃣ Keltner Channel – Adjust the length, multiplier, source, and MA type. You can also enable or disable the True Range option. 6️⃣ Advanced MA Parameters – Customize the parameters for advanced MAs (JMA, ALMA, FRAMA, VIDYA), including Phase, Power, Offset, Sigma, and Shift values. 7️⃣ Ticker & Input Source – Select the ticker and manage inputs for alternative chart types like Renko, Kagi, Line Break, and Point & Figure. 8️⃣ Style Settings – Choose how the squeeze is displayed: Enable "Show Histogram" for Histogram, Area, or Column style Disable it to show the classic LazyBear-style line Use Reverse Color to invert line colors Toggle Show Label to highlight Signal Line cross signals Customize trend colors to suit your preferences 9️⃣ Multi-Timeframe Options - Timeframe – Use the squeeze on higher timeframes for stronger confirmation 🔟 Wait for Timeframe Closes - ✅ Enabled – Prevents multiple signals within the same candle ❌ Disabled – Displays the indicator smoothly without delay 🔧 Default Settings Reference To replicate the default settings of the original indicators as they appear when first applied to the chart, use the following configurations: 🟩 TTM Squeeze (John Carter Style) Squeeze Length: 20 MA Type: SMA Show TTM Squeeze Trend: Enabled Bollinger Bands Length: 20 Multiplier: 2.0 MA Type: SMA Keltner Channel Length: 20 Multiplier: 1.0 Use True Range: ON MA Type: EMA Style Show Histogram: Enabled Reverse Color: Enabled 🟩 Squeeze Momentum (LazyBear Style) Squeeze Length: 10 MA Type: SMA Show TTM Squeeze Trend: Disabled Bollinger Bands Length: 20 Multiplier: 1.5 MA Type: SMA Keltner Channel Length: 10 Multiplier: 1.5 Use True Range: ON MA Type: SMA Style Show Histogram: Disabled Reverse Color: Disabled ⚠️ These values are intended as a starting point. The Cometreon indicator lets you fully customize every input to fit your trading style. 🔷 How to Use Squeeze Momentum Pro 🔍 Identifying Trends Squeeze Momentum Pro supports two different methods for identifying the trend visually, each based on a distinct logic: Squeeze Momentum Trend (LazyBear-style): Displays 3 states based on the position of the Bollinger Bands relative to the Keltner Channel: 🔵 Blue = No Squeeze (BB outside KC and KC outside BB) ⚪️ White = Squeeze Active (BB fully inside KC) ⚫️ Gray = Neutral state (none of the above) TTM Squeeze Trend (John Carter-style): Calculates the difference in width between the Bollinger Bands and the Keltner Channel: 🟩 Green = BB width is greater than KC → potential expansion phase 🟥 Red = BB are tighter than KC → possible compression or pre-breakout 📈 Interpreting Signals Depending on the active configuration, the indicator can provide various signals, including: Trend color → Reflects the current compression/expansion state (based on selected mode) Momentum value (above or below 0) → May indicate directional pressure Signal Line cross → Can highlight momentum shifts Color change in the momentum → May suggest a potential trend reversal 🛠 Integration with Other Tools Squeeze Momentum Pro works well alongside other indicators to strengthen market context: ✅ Volume Profile / OBV – Helps confirm accumulation or distribution during squeezes ✅ RSI – Useful to detect divergence between momentum and price ✅ Moving Averages – Ideal for defining primary trend direction and filtering signals ☄️ If you find this indicator useful, leave a Boost to support its development! Every piece of feedback helps improve the tool and deliver an even better trading experience. 🔥 Share your ideas or feature requests in the comments!
Pine Script® indicator
by Cometreon
Exponential Action Map (EAM)### **Exponential Action Map (EAM) – Description and Differences from VPVR** The Exponential Action Map (EAM) indicator is a Pine Script-based volume profile indicator that offers **a weighted representation of buying and selling activity**. Unlike the standard **Volume Profile Visible Range (VPVR)**, which simply shows traded volume at various price levels, the EAM provides the following additional features: 1. **Exponential Weighting**: - Instead of treating the volume of all considered bars equally, the EAM uses a **decay factor** to gradually diminish the significance of older data. This allows **more recent price movements to have greater influence**, making it particularly useful for short-term analysis. 2. **Exponential Stealth Move (ESM)**: - In addition to buy and sell volume, the EAM calculates and displays the **Exponential Stealth Move (ESM)**. - This measures the relative price movement compared to volume and highlights areas where **significant price changes occur with low volume**, which may indicate institutional activity or strong momentum. - The ESM visualization is not present in VPVR, making it a distinct and valuable feature. 3. **Visualization Methodology**: - Instead of simple histograms like in VPVR, volume is represented by **dynamic boxes** that encompass Buy (EBA), Sell (ESA), and Stealth Move (ESM) activities. - The size and color of these boxes are **customizable**, allowing for clear differentiation between various volume types. 4. **Flexibility & Configuration**: - Users can adjust parameters such as **Number of Bars, Decay Factor, Bar Width, and Maximum History Data**. - The ability to **toggle historical data visibility** offers a **tailored view** that VPVR does not provide. **Conclusion:** The EAM extends the classic volume profile (VPVR) by introducing **time-weighted volume analysis and detection of Stealth Moves (ESM)**. This not only highlights price levels with high trading volume but also reveals **price movements with low liquidity**, which can potentially indicate institutional interest.
Pine Script® indicator
by Tires7
Zonas Prohibidas Topstep (NQ) - Auto🛡️ Topstep Restricted Zones (Auto Previous Close) — by Dragonthegood This script is built for traders using Topstep or other prop firm accounts that enforce risk rules near daily price limits (such as on futures like NQ, the E-mini Nasdaq-100). 🧠 What does this indicator do? 🔹 Automatically fetches the previous day's closing price 🔹 Based on that close, it calculates: The 7% daily price limit (up and down) The 2% restricted zone near those limits, where Topstep does not allow trading 🔹 Visually draws two red horizontal zones (upper and lower) on the chart, indicating where you should not open or hold positions 🔹 Optionally displays the previous close as a label on the chart for reference 🔒 Why is it useful? Helps you avoid violations of Topstep's high-risk zone rules Prevents you from getting stuck in a trade if the market hits limit up or limit down Works in real-time, without needing to manually input the previous close 🛠️ How to use it: Apply the script to your chart (works on any timeframe) The danger zones will auto-draw based on yesterday’s close If price is inside the red zone — don’t trade (per Topstep rules) No daily configuration required 📌 Perfect for: Futures traders in funded accounts (Topstep, Apex, etc.) Scalpers and day traders using NQ, ES, RTY, etc. Anyone managing risk during high-volatility conditions
Pine Script® indicator
by dragonthegood
Bollinger Bands with Narrow ConsolidationBollinger Bands with Narrow Consolidation 🔹 Indicator Description This indicator is an enhanced version of the classic Bollinger Bands with a built-in narrow consolidation detection function. It helps identify low-volatility phases that may precede strong price movements. 🔹 How Does the Indicator Work? Bollinger Bands Calculation: Based on the selected moving average type (SMA, EMA, RMA, WMA, VWMA) with an adjustable standard deviation. Narrow Consolidation Detection: The indicator calculates the relative band width and highlights low-volatility zones. Flexible Settings: Choice of base moving average type. Adjustable sensitivity to narrow consolidations. Option to hide Bollinger Bands outside consolidation zones. 🔹 How to Use? Monitoring Consolidation Zones: If the price is tightening in a narrow range, a strong movement may follow. Combining with Other Tools: The indicator works well with volume analysis and oscillators. Signal Filtering: You can hide Bollinger Bands and only display narrow consolidation zones. 🔹 Trading Strategies ✅ Breakout Strategy – A sharp move beyond the narrow range may signal a trade entry. ✅ Range Trading – Buy near the lower band and sell near the upper band in sideways markets. ✅ Signal Filtering with Oscillators – Use RSI or MACD to confirm directional moves. 🔹 Disclaimer This indicator is for analytical purposes only and does not constitute financial advice. Trading in financial markets involves risks, including potential loss of capital. Always verify signals, use proper risk management, and never invest more than you can afford to lose. 🔹 Conclusion The indicator helps traders identify low-volatility periods and prepare for strong moves. Its flexible settings allow customization for any trading strategy. 📈 Add this indicator to your toolkit and stay ahead of the market! 🚀 Полосы Боллинджера с узкой консолидацией 🔹 Описание индикатора Этот индикатор – улучшенная версия классических полос Боллинджера с функцией определения узкой консолидации. Он помогает выявлять фазы низкой волатильности, которые могут предшествовать сильным движениям цены. 🔹 Как работает индикатор? Полосы Боллинджера: Рассчитываются на основе выбранного типа скользящей средней (SMA, EMA, RMA, WMA, VWMA) с регулируемым стандартным отклонением. Определение узкой консолидации: Индикатор вычисляет относительную ширину полос и выделяет зоны сжатой волатильности. Гибкие настройки: Выбор типа базовой скользящей средней. Регулируемая чувствительность к узкой консолидации. Режим скрытия полос Боллинджера вне зон консолидации. 🔹 Как использовать? Мониторинг зон консолидации: Если цена сжимается в узком диапазоне, стоит подготовиться к сильному движению. Комбинация с другими инструментами: Индикатор отлично сочетается с объемами и осцилляторами. Фильтрация сигналов: Можно скрыть полосы Боллинджера и оставить только зоны узкой консолидации. 🔹 Торговые стратегии ✅ Пробой консолидации – Резкое движение за границы узкой зоны может служить сигналом на вход в рынок. ✅ Торговля от границ – Покупка у нижней границы и продажа у верхней при флэтовом движении. ✅ Фильтрация сигналов с осцилляторами – Использование RSI или MACD для подтверждения направленного движения. 🔹 Предупреждение Этот индикатор предназначен исключительно для аналитики и не является финансовым советом. Торговля на финансовых рынках сопряжена с рисками, включая возможную потерю капитала. Всегда проверяйте сигналы, используйте управление рисками и не инвестируйте больше, чем можете позволить себе потерять. 🔹 Заключение Индикатор помогает трейдерам находить периоды низкой волатильности и готовиться к мощным движениям. Гибкие настройки позволяют адаптировать его под любую стратегию. 📈 Добавьте индикатор в свой арсенал и оставайтесь на шаг впереди рынка! 🚀
Pine Script® indicator
by golovine1987
Combined + Reversal By DemirkanThis indicator is a comprehensive tool designed to identify potential trend reversals, trend direction, and entry/exit points by combining multiple technical analysis instruments. It includes the following components: Two Reversal Lines (Based on Donchian Channel): Two lines with different periods indicate potential support/resistance levels and trend changes. Hull Moving Average (HMA): A smoother, less lagging moving average helps determine trend direction and short-term momentum. Fibonacci Level: A dynamic Fibonacci retracement level, calculated based on the highest high and lowest low over a specific period, serves as a potential support or area of interest. Signal Generation: Produces Buy/Sell signals based on the crossovers and conditions of these components. Visual Aids: Enhances interpretation by coloring the area between lines, coloring candlesticks, and adding labels. Detailed Component Description: Input Parameters (Settings): Reversal Line 1 Length (Default: 100): The period (number of bars) used to calculate the first reversal line. Longer periods capture slower, more significant trends. Reversal Line 2 Length (Default: 33): The period used to calculate the second reversal line. Shorter periods react to faster, shorter-term changes. HMA Length (Default: 100): The period for calculating the Hull Moving Average. Source (Default: close): The price source used for all calculations (close, open, high, low, etc.). Reversal Line Bar Offset (Default: 3): Determines how many bars forward the Reversal Lines are shifted on the chart. This can make signals appear slightly earlier (or later, depending on the strategy). 0 means no shift. Fibonacci Level (Default: 0.382): Specifies the Fibonacci retracement level (between 0.0 and 1.0). Common levels like 0.382, 0.5, 0.618 can be used. Lookback Period (Default: 20): The period (number of bars) over which to look back for the highest high and lowest low to calculate the Fibonacci level. Price Margin (Default: 0.005): Tolerance (as a percentage) determining how close the price needs to be to the Fibonacci level to be considered "at the level". E.g., 0.005 = 0.5%. If the price is within 0.5% of the calculated Fibonacci level, the condition is met. Calculations: donchian(len) Function: Calculates the average (math.avg) of the highest high (ta.highest) and lowest low (ta.lowest) over a specific period (len). This is effectively the midline of a classic Donchian Channel and is used here as the "Reversal Line". Reversal Lines (conversionLine1, conversionLine2): Calculated using the donchian function based on the user-defined conversionPeriods1 and conversionPeriods2 lengths. Hull Moving Average (hullMA): Calculated using the hma function. This function uniquely combines Weighted Moving Averages (WMA) to achieve less lag. Fibonacci Level Calculation (fibLevel1, isAtFibLevel): Finds the highest high and lowest low within the lookbackPeriod, calculates the range (priceRange). fibLevel1 is determined by subtracting priceRange * fibLevel from the highest high (representing a retracement level). isAtFibLevel checks if the current closing price is within the priceMargin tolerance of the calculated fibLevel1. Visual Elements (Plots/Drawing): plot(conversionLine1 , ...): Plots the first reversal line in blue, shifted forward by barOffset. plot(conversionLine2 , ...): Plots the second reversal line in black, shifted forward by barOffset. plot(hullMA, ...): Plots the Hull Moving Average in orange. plot(fibLevel1, ...): Plots the calculated Fibonacci level as a light blue, dashed line. fill(...): Fills the area between the two (shifted) reversal lines. The area is colored blue if conversionLine1 > conversionLine2 (often interpreted as bullish) and red otherwise (bearish). The color transparency is set to 90 (almost opaque). label.*: Adds labels at trend change points. A "Buy" label appears when the area turns blue (Line 1 crosses above Line 2), and a "Sell" label appears when it turns red (Line 1 crosses below Line 2). Labels appear once when the trend starts and are updated/deleted when the trend changes. plotshape(...): Plots shapes (arrows/labels) on the chart when specific conditions are met: Reversal Crossover Signals: A green up arrow (shape.labelup) appears when conversionLine2 crosses above conversionLine1 (Buy Signal - buySignal). A red down arrow (shape.labeldown) appears when conversionLine1 crosses below conversionLine2 (Sell Signal - sellSignal). Hull MA Signals: A green up arrow (hullBuySignal) appears when the price closes above the HMA after being below it. A red down arrow (hullSellSignal) appears when the price closes below the HMA after being above it. Fibonacci Buy Signal: A purple up arrow (fibBuySignal) appears when both the price is near the calculated Fibonacci level (isAtFibLevel) and a Hull MA Buy signal (hullBuySignal) occurs simultaneously. This signifies a "confluence" signal. barcolor(...): Changes the color of the candlesticks. Bars turn blue on a Hull MA Buy signal (hullBuySignal) and red on a Hull MA Sell signal (hullSellSignal). Otherwise, the bar color remains the default chart color. How to Use / Interpret: Trend Direction: Observe the color of the filled area between the reversal lines (Blue = Uptrend, Red = Downtrend). Note whether the price is above or below the Hull MA. Consider the slope of the Hull MA (upward or downward). Entry/Exit Signals: Aggressive: Use the crossovers of the reversal lines (buySignal, sellSignal). Green arrow suggests buy, red arrow suggests sell. Trend Following: Use the HMA crossovers (hullBuySignal, hullSellSignal). Green arrow suggests buy, red arrow suggests sell. The bar colors also confirm these signals visually. Confirmed Buy: Look for the Fibonacci Buy Signal (Purple arrow). When the price reaches a potential support level (Fibonacci) and simultaneously gets an HMA Buy signal, it can be considered a stronger buy indication. Support/Resistance: The reversal lines themselves can act as dynamic support/resistance levels. The plotted Fibonacci level (fibLevel1) can be monitored as a potential retracement and support zone. Strategy: Confluence (multiple signals aligning) can increase confidence. For example, a buySignal or hullBuySignal occurring while the HMA is pointing up and the fill area is blue might be considered stronger. Adjust the barOffset parameter to fine-tune the timing of the visual signals according to your trading style. Use the Fibonacci Buy signal to potentially find entry points after pullbacks in an uptrend or near potential bottoms after a decline. Important Notes: No single indicator provides 100% accurate signals. It's crucial to use this indicator in conjunction with other analysis methods (price action, chart patterns, volume, etc.) and sound risk management strategies. The indicator's performance might vary in different market conditions (trending, sideways) and across different timeframes. Backtesting before live trading is recommended. The barOffset value shifts the plotting of the lines forward visually but does not change the time at which the underlying calculation occurs (it's still based on the data up to the current closing bar).
Pine Script® indicator
by CyriptoWorldH
EREMA SignalsOverview The EREMA Signals indicator is a specialized overlay tool designed to display precise buy and sell signals directly on your price chart. Working as a companion to the main Ehlers Reverse EMA indicator, it brings powerful momentum-based signals to your trading strategy without cluttering your chart with additional indicator panels. Key Features On-Chart Signal Visualization: Clear buy/sell arrows appear directly on the price chart Dynamic Signal Positioning: Signals automatically adjust their distance from price using ATR for optimal visibility Multiple Signal Types: Choose from three distinct signal generation methods Clean Chart Interface: Displays only the essential signals, maintaining chart clarity Signal Types Zero Cross: Generates signals when the Ehlers Reverse EMA crosses above/below the zero line MA Cross: Identifies when the Ehlers Reverse EMA crosses its own moving average Zero & MA Cross: The strictest filter, requiring both zero line and MA crossovers for signal generation How To Use Setup First add the main "Ehlers Reverse EMA" indicator to your chart Then add this "EREMA Signals" indicator as an overlay Configure both indicators with identical settings for alpha, MA type, and signal method Reading Signals Green Triangles (below price): Buy signals indicating potential upward momentum Red Triangles (above price): Sell signals indicating potential downward momentum Trading Applications Trend Identification: Zero cross signals help identify changes in overall trend direction Momentum Trading: MA cross signals can identify shorter-term momentum shifts Confirmation Tool: Use alongside other technical indicators or price action strategies Multiple Timeframe Analysis: Apply to different timeframes for more robust trading decisions Best Practices Consider using longer timeframes (4H, Daily) for more reliable signals The combined "Zero & MA Cross" setting provides fewer but higher-quality signals For tighter entries, use the "MA Cross" option in established trends Adjust the Alpha parameter to match your trading style (lower for longer-term, higher for shorter-term) This indicator works seamlessly with the main Ehlers Reverse EMA indicator while maintaining a clean chart interface, making it ideal for traders who prefer visual simplicity without sacrificing analytical power.
Pine Script® indicator
by AlgoCollective
Trendingline ZMDConfirming the Breakout To avoid false breakouts, consider these confirmation signals: A candle close beyond the trendline. Increased volume during the breakout. Retesting the trendline as support/resistance. Trading the Breakout Entry: Enter a trade after confirmation signals. Stop Loss: Place a stop loss slightly beyond the trendline to limit risk. Take Profit: Set profit targets based on support/resistance levels or Fibonacci extensions. Trendline Retest Strategy After breaking a trendline, the price often retests the broken trendline before continuing in the new direction. If the price respects the trendline as a new support/resistance, it adds further confirmation. By following these steps, traders can effectively use trendline breakouts to identify high-probability trading opportunities.
Pine Script® indicator
by huyassana409
Ehlers Reverse EMAOverview The Ehlers Reverse EMA is an advanced momentum indicator designed by John Ehlers and implemented here with additional features for improved trading decision-making. This indicator helps identify trend direction, potential reversals, and generates precise buy/sell signals based on multiple confirmation methods. What Makes It Unique Unlike conventional EMAs, the Ehlers Reverse EMA uses a sophisticated reverse-engineering approach to provide smoother, more responsive signals with reduced lag. The indicator combines a proprietary EMA calculation with optional moving average confirmation to filter out market noise and highlight meaningful price movements. Features Dynamic Color Coding: Green when momentum is positive, red when negative Moving Average Overlay: Optional MA with selectable types (SMA, EMA, WMA, VWMA) Multiple Signal Generation Methods: Zero-Line Crossovers: Signals when momentum shifts from positive to negative or vice versa MA Crossovers: Signals when the Ehlers EMA crosses its own moving average Combined Confirmation: Requires both zero-line and MA crossovers for highest probability signals On-Chart Signal Visualization: Clear buy/sell arrows directly on the price chart Customizable Parameters: Adjust alpha value, MA type, and signal generation to suit your trading style How To Use Add the main "Ehlers Reverse EMA" indicator to your chart Add the companion "EREMA Signals" indicator to display buy/sell signals on the price chart Ensure both indicators have matching settings for consistency Signal Interpretation Buy Signals (Green Triangles): Appear below price bars when conditions are met Sell Signals (Red Triangles): Appear above price bars when conditions are met Recommended Timeframes Works well on all timeframes from 5-minute to daily charts. For swing trading, 4H or daily timeframes often provide the most reliable signals. Strategy Applications Trend Following: Use zero-line crossovers to enter with the trend Momentum Trading: Use MA crossovers for entry and exit points Confirmation Tool: Combine with price action or other indicators for higher-probability trades Divergence Analysis: Compare indicator movement with price action to spot potential reversals Parameter Settings Alpha (Default: 0.1): Lower values create smoother lines but more lag; higher values increase responsiveness but may increase false signals MA Length (Default: 14): Adjust based on your trading timeframe and style This versatile indicator helps identify high-probability trading opportunities while filtering out market noise, making it valuable for both novice and experienced traders alike.
Pine Script® indicator
by AlgoCollective
Trendingline ZMDConfirming the Breakout To avoid false breakouts, consider these confirmation signals: A candle close beyond the trendline. Increased volume during the breakout. Retesting the trendline as support/resistance. Trading the Breakout Entry: Enter a trade after confirmation signals. Stop Loss: Place a stop loss slightly beyond the trendline to limit risk. Take Profit: Set profit targets based on support/resistance levels or Fibonacci extensions. Trendline Retest Strategy After breaking a trendline, the price often retests the broken trendline before continuing in the new direction. If the price respects the trendline as a new support/resistance, it adds further confirmation. By following these steps, traders can effectively use trendline breakouts to identify high-probability trading opportunities.
Pine Script® indicator
by huyassana409
Multiple MAsHere's a well-written description in English for your "Multiple MAs" indicator that you can use when publishing on TradingView. It’s concise, professional, and highlights the key features of the indicator while explaining its purpose for traders. --- ### Multiple MAs Indicator #### Overview The **Multiple MAs** indicator is a versatile and straightforward tool designed to help traders visualize price trends using multiple Simple Moving Averages (SMAs) on a single chart. By plotting six SMAs with customizable lengths (MA5, MA10, MA20, MA50, MA100, and MA200), this indicator provides a clear view of short-term, medium-term, and long-term trends, making it ideal for trend-following strategies, crossover analysis, and identifying potential support/resistance levels. #### Features - **Customizable MA Lengths**: Adjust the periods of all six moving averages (MA5, MA10, MA20, MA50, MA100, MA200) to suit your trading style and timeframe. - **Distinct Visuals**: Each MA is plotted with a unique color and line width for easy identification: - MA5 (Dodger Blue, 1px) - MA10 (Green, 1px) - MA20 (Red, 2px) - MA50 (Purple, 3px) - MA100 (Gray, 3px) - MA200 (White, 3px) - **Overlay on Price Chart**: The indicator overlays directly on the price chart, allowing for seamless integration with other technical analysis tools. - **High Precision**: Displays values with 8-decimal precision, ensuring accuracy for assets with small price movements (e.g., forex pairs or cryptocurrencies). #### How to Use 1. **Trend Identification**: Use the longer MAs (e.g., MA100, MA200) to determine the overall trend direction. If the price is above these MAs, the trend is likely bullish; if below, it’s likely bearish. 2. **Crossover Signals**: Look for crossovers between shorter MAs (e.g., MA5 crossing MA20) for potential entry or exit signals. For example: - A bullish signal occurs when a shorter MA crosses above a longer MA. - A bearish signal occurs when a shorter MA crosses below a longer MA. 3. **Support and Resistance**: MAs often act as dynamic support or resistance levels. Watch for price reactions around these lines, especially the MA50, MA100, and MA200. 4. **Divergence Analysis**: Compare the slope of different MAs to identify potential trend reversals or weakening momentum. #### Settings - **MA5 Length**: Default is 5 bars. - **MA10 Length**: Default is 10 bars. - **MA20 Length**: Default is 20 bars. - **MA50 Length**: Default is 50 bars. - **MA100 Length**: Default is 100 bars. - **MA200 Length**: Default is 200 bars. #### Best Practices - **Timeframe**: This indicator works on any timeframe but is particularly effective on daily, 4-hour, and 1-hour charts for swing trading or trend-following strategies. - **Combine with Other Tools**: Pair the Multiple MAs with other indicators like RSI, MACD, or volume analysis to confirm signals and avoid false breakouts. - **Adjust for Volatility**: For highly volatile assets, consider increasing the MA lengths to reduce noise and focus on broader trends. #### Notes - The indicator is lightweight and optimized for performance, ensuring it runs smoothly even on lower timeframes. - Colors and line widths are pre-set for clarity but can be customized in the indicator settings if needed. #### Credits Created by kosar_v. Feedback and suggestions are welcome to improve this tool for the TradingView community!
Pine Script® indicator
by kosar_v
VNIndex Over 6.5% Downside Drop Indicator with TableOverview: The VNIndex 6.5% Downside Drop Indicator is a powerful tool designed to help traders and investors identify significant market drops on the VNIndex (or any other asset) based on a 6.5% downside threshold. This Pine Script® indicator automatically detects when the price of an asset drops by more than 6.5% within a single day, and visually marks those events on the chart. Key Features: 6.5% Downside Drop Detection: Automatically calculates the daily percentage drop and identifies when the price falls by more than 6.5%. Table Display: Displays the dates and corresponding percentage drops of all identified instances in a convenient table at the bottom right of the chart. Markers: Red down-pointing markers are plotted above bars where the price drop exceeds the 6.5% threshold, making it easy to spot critical drop events at a glance. Easy-to-Read Table: The table lists the date and drop percentage, updating dynamically as new drops are detected. This allows for easy tracking of significant downside moves over time. How to Use: Install the Script: Add this indicator to your TradingView chart. Monitor Price Drops: The indicator will automatically detect when the price drops by over 6.5% from the previous close and display a marker on the chart and the table in the bottom right corner. View the Table: The table displays the date and the percentage drop of each detected event, making it easy to track past significant moves. Alerts: You can set an alert for 6.5% drops to receive notifications in real-time. Customization Options: The drop percentage threshold (6.5%) can be adjusted in the script to fit other market conditions or assets. The table can be resized or styled based on user preference for better visibility. Why Use This Indicator? This indicator is perfect for traders looking to spot large, significant price movements quickly. Large downside drops can signal potential market reversals or trading opportunities, and this tool helps you track such events effortlessly. Whether you're monitoring the VNIndex or any other asset, this indicator provides crucial insights into volatile price action, helping you make more informed decisions. Open Source License: This indicator is open source and free to use under the Mozilla Public License 2.0. You are welcome to modify, distribute, and contribute to the project. Contributions: Feel free to contribute improvements, fixes, or new features by creating a pull request. Let’s collaborate to make this indicator even better for the community!
Pine Script® indicator
by doqkhanh
Rally Starter BandsEnglish Description: Rally Starter Bands – Pine Script Indicator This is a Pine Script indicator designed to identify potential rally opportunities in the market using Bollinger Bands. It plots the traditional Bollinger Bands and highlights specific conditions where the upper and middle bands are rising while the lower band is falling. When these conditions are met, the indicator displays a green up arrow below the price bar, signaling a potential upward momentum. --- Credits: Strategy: Adem Ayan (x.com/ademayan66/status/1901706968508637483) Screening Codes: Dip Avcısı (x.com/dipavcisi007)
Pine Script® indicator
by q_o_p