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Indicators and strategies

Composer Strategy 1 (Haggis Levered)This strategy dynamically selects an asset to trade each day based on a set of predefined market conditions and technical indicators. It uses relative strength index (RSI) and moving averages to evaluate momentum and trends across multiple tickers, aiming to identify the most advantageous asset for the current market environment. By switching between leveraged ETFs, inverse funds, and defensive assets, the strategy seeks to capitalize on both bullish and bearish scenarios while mitigating risk during uncertain periods. The approach emphasizes adaptability by monitoring key metrics like overbought or oversold signals and comparing cumulative returns and relative performance across asset classes. This flexibility allows the strategy to respond to changing market dynamics daily, aligning with short-term trends while maintaining a systematic and disciplined methodology for asset allocation.
Pine Script™ indicator
by kjpin
1
Stochastic RSI - Multi Timeframe - 8 phasesMonitorar no gráfico de minuto qualquer ativo o RSI estocástico em 8 tempos gráficos sem a necessidade de transitar entre os demais gráficos. Para configurar após selecionar este indicador, seguem os passos abaixo: Selecionar o botão Configurações : Na primeira tela de configuração (VALORES): Smooth K = valor padrão está em 3 e o mínimo é 1 Smooth D = valor padrão está em 3 e o mínimo é 1 O período IFR e o período estocástico está no padrão de 14 candles (para cada tipo de tempo gráfico) fonte do IFR = padrão no fechamento do candle selecionar nos canais de 1 a 8 os timeframes os tempos que achar necessário monitorar... é possível selecionar apenas 1 tipo de tempo gráfico para monitorar Na segunda tela de configuração (ESTILO): Selecionar qual canal de 1 a 8 será ativado através da curva K ou D ou ambas Selecionar os limites do RSI mínimo e máximo e a referencia neutra Na terceira tela de configuração (Visibilidade): selecionar padrão ticks e tempos gráficos para todos os tipos;
Pine Script™ indicator
by ivansilva17
Smooth RSI [MarktQuant]This indicator combines elements of the Relative Strength Index (RSI) and Rate of Change (RoC) to provide a smoother and potentially more insightful view of market momentum and price movement. The Smooth RSI calculates RSI values across four price points (high, open, low, close) to average them, offering a less volatile RSI signal. Additionally, it incorporates a Rate of Change for trend confirmation, enhancing the decision-making process for trade entries and exits. Features: Multi-RSI Calculation: RSI is computed for high, open, low, and close prices, then averaged to reduce noise. Trend Confirmation with RoC: Uses the Rate of Change to validate the RSI signals, coloring bars based on the trend direction. Visual Signals: Bar colors change based on combined RSI and RoC signals. Green for bullish signals (RSI above 50 and positive RoC). Red for bearish signals (RSI below 50 and negative RoC). Horizontal lines at 30, 50, and 70 to denote overbought, neutral, and oversold conditions. Customizable Display: Option to show/hide RSI plot or RoC plot for cleaner charts. Candle plot overlay option to visualize current price action alongside the indicator. Inputs: RSI Length: Default 28. Adjusts the lookback period for RSI calculation. RoC Length: Default 28. Sets the period for the Rate of Change calculation. Plot Settings: Show RSI - Toggle RSI plot visibility. Show RoC - Toggle RoC plot visibility. Usage: Long signals are indicated when the average RSI is above 50 and the RoC is positive. Short signals are suggested when the average RSI falls below 50 with a negative RoC. The color coding helps visually confirm trends at a glance. Notes: This indicator is best used in conjunction with other analysis methods to confirm signals. Adjust the length parameters based on your trading timeframe for optimal results. Disclaimer: This indicator does not guarantee trading success; use it as part of a comprehensive trading strategy. Always conduct your own analysis before making trading decisions.
Pine Script™ indicator
by MarktQuant
1
Ruhelos Pivot Points V1.0Was der Indikator macht: Er berechnet die Pivot-Punkte (Pivot, R1, R2, R3, S1, S2, S3) für wöchentliche und monatliche Zeitrahmen. Die Pivot-Punkte werden als Linien im Chart angezeigt, wobei Farbe, Dicke und Stil (durchgezogen, gestrichelt, gepunktet) individuell angepasst werden können. Die Werte der Pivot-Punkte werden zusätzlich in einer übersichtlichen Tabelle dargestellt. Die Tabelle kann in den Einstellungen des Indikators ein- und ausgeblendet werden. Mein Ziel: Ich wollte einen Indikator erstellen, der die Pivot-Punkte übersichtlich und flexibel darstellt, damit Trader die wichtigen Unterstützungs- und Widerstandszonen leicht erkennen können. Offen für Feedback: Da ich noch am Anfang meiner Pine-Script-Reise stehe, bin ich offen für jegliches Feedback und Verbesserungsvorschläge. Insbesondere würde mich interessieren: Gibt es Möglichkeiten, den Code zu optimieren oder zu vereinfachen? Sind die Berechnungen der Pivot-Punkte korrekt und gibt es vielleicht bessere Formeln? Welche zusätzlichen Funktionen könnten den Indikator noch nützlicher machen? Ich freue mich auf eure Kommentare und Ideen!
Pine Script™ indicator
by Ruhelos
Gold Trade Setup Strategy Title: Profitable Gold Setup Strategy with Adaptive Moving Average & Supertrend Introduction: This trading strategy for Gold (XAU/USD) combines the Adaptive Moving Average (AMA) and Supertrend, tailored for high-probability setups during specific trading hours. The AMA identifies the trend, while the Supertrend confirms entry and exit points. The strategy is optimized for swing and intraday traders looking to capitalize on Gold’s price movements with precise trade timing. Strategy Components: 1. Adaptive Moving Average (AMA): • Reacts dynamically to market conditions, filtering noise in choppy markets. • Serves as the primary trend indicator. 2. Supertrend: • Confirms entry signals with clear buy and sell levels. • Acts as a trailing stop-loss to protect profits. Trading Rules: Trading Hours: • Only take trades between 8:30 AM and 10:30 PM IST. • Avoid trading outside these hours to reduce noise and low-volume setups. Buy Setup: 1. Trend Confirmation: The Adaptive Moving Average (AMA) must be green. 2. Signal Confirmation: The Supertrend should turn green after the AMA is green. 3. Trigger: Take the trade when the high of the trigger candle (the candle that turned Supertrend green) is broken. Sell Setup (Optional if included): • Reverse the rules for a short trade: AMA and Supertrend should both indicate bearish conditions (red), and take the trade when the low of the trigger candle is broken. Stop-Loss and Targets: • Place the stop-loss at the low of the trigger candle for long trades. • Set a 1:2 risk-reward ratio or use the Supertrend line as a trailing stop-loss. Timeframes: • Recommended timeframes: 1H, 4H, or Daily for swing trading. • For intraday trading, use 15-minute or 30-minute charts. Why This Strategy Works: • Combines trend-following (AMA) with momentum-based entries (Supertrend). • Focused trading hours filter out low-probability setups. • Provides precise entry, stop-loss, and target levels for disciplined trading. Conclusion: This Gold Setup Strategy is designed for traders seeking a structured approach to trading Gold. Follow the rules strictly, backtest the strategy extensively, and share your results. Let’s master the Gold market together! Tags: #Gold #XAUUSD #SwingTrading #Intraday #Supertrend #AMA #TechnicalAnalysis #GoldStrategy
Pine Script™ strategy
by Arthavidhi
Order Blocks - VK TradingOrder Blocks - VK Trading This script in Pine Script identifies and highlights Order Blocks, key tools in institutional trading. Designed for traders of all levels, it provides clear and customizable visualization, helping you anticipate market movements with greater accuracy. Key Features: Order Block Visualization: Highlights relevant bullish and bearish zones directly on the chart. Customizable Settings: Adjust sensitivity, colors, and other parameters to suit your analysis needs. Dual Block Detection: Uses two independent settings to cover different market perspectives. Visual Alerts: Automatic line drawing for key levels. Automatic Clearing: Dynamic clearing of already invalidated blocks. User Benefits: Clear Visual Analysis: Identifies key supply and demand points used by institutions. Improved Trading Decisions: Anticipate entry and exit zones more accurately. Time Saver: Automates level plotting, allowing you to focus on strategy and execution. Strategy Adaptability: Compatible with Smart Money, Wyckoff, and Price Action approaches. Disclaimer: This script is an educational and analytical tool. It does not guarantee specific results or eliminate trading risk. Trading in the financial markets involves significant risks; use this script at your own risk.
Pine Script™ indicator
by VKTrading_FX
4
Adaptive Trend Finder - Pulse Frequency(Basic)The Adaptive Pulse Frequency & Amplitude Trend Indicator is a Pine Script-based tool designed for lower timeframe volume analysis and trend detection. By analyzing volume dynamics and identifying significant "pulses" in market activity, this indicator provides insights into bullish and bearish trends. Here's an overview of its key features and components: 1. Lower Timeframe Volume Analysis Custom Timeframe Input: The indicator scans lower timeframe data to approximate Up/Down volume, with an optional override to set a custom timeframe. Volume Delta Calculation: Tracks changes in volume (deltaVolume), representing the difference between up and down volume for each bar. 2. Adaptive Pulse Detection Rolling Percentile Threshold: Dynamically calculates a threshold based on the pulsePercentile of the absolute delta volume within a specified lookback period (pulseLookback). Pulse Identification: Bars where the absolute delta volume exceeds the adaptive threshold are classified as "pulses," indicating significant market activity. Bullish Pulse: Positive delta volume exceeding the threshold. Bearish Pulse: Negative delta volume exceeding the threshold. 3. Frequency & Amplitude Analysis Pulse Frequency: Measures the number of bullish or bearish pulses within a rolling window (freqLookback), providing insights into the activity level. Pulse Amplitude: Computes the cumulative volume delta for bullish and bearish pulses over a defined period (ampLookback), offering a finer view of market strength: Bullish Amplitude: Sum of positive delta volume for bullish pulses. Bearish Amplitude: Sum of absolute delta volume for bearish pulses. 4. Trend Logic Trend Classification: Bullish Trend: Higher bullish pulse frequency and amplitude. Bearish Trend: Higher bearish pulse frequency and amplitude. Neutral Trend: Mixed or inconclusive signals. Advanced Metrics: Combines frequency and amplitude for robust trend assessment. 5. Visualization Dynamic Threshold: Plots the adaptive threshold for real-time pulse detection. Trend Visualization: Colors the chart background based on the identified trend (Bullish, Bearish, Neutral). Amplitude and Frequency Lines: Displays separate plots for: Net Frequency (Bullish - Bearish pulses). Net Amplitude (Bullish amplitude - Bearish amplitude). Individual bullish and bearish amplitudes for reference. Use Case This indicator is ideal for traders seeking to: Analyze market activity on lower timeframes. Identify shifts in bullish/bearish momentum through volume dynamics. Enhance trend-following strategies with adaptive frequency and amplitude metrics. With its focus on precision and adaptability, the Adaptive Pulse Frequency & Amplitude Trend Indicator is a powerful tool for volume-based market analysis.
Pine Script™ indicator
by Cmo22
BTC Slayer 9000 - Relative Risk-adjusted performanceBTC Slayer 9000: Relative Risk-Adjusted Performance Dear friends and fellow traders, I am pleased to introduce the BTC Slayer 9000, a script designed to provide clear insights into risk-adjusted performance relative to a benchmark. Whether you're navigating the volatile world of cryptocurrencies or exploring opportunities in stocks, this tool helps you make informed decisions by comparing assets against your chosen benchmark. What Does It Do? This indicator is based on the Ulcer Index (UI), a metric that measures downside risk. It calculates the Ulcer Performance Index (UPI), which combines returns and downside risk, and compares it to a benchmark (like BTC/USDT, SPY500, or any trading pair). The result is the Relative UPI (RUPI): Positive RUPI (green area): The asset's risk-adjusted performance is better than the benchmark. Negative RUPI (red area): The asset's risk-adjusted performance is worse than the benchmark. Why Use It? Risk vs. Reward: See if the extra risk of an asset is justified by its returns. Customizable Benchmark: Compare any asset against BTC, SPY500, or another chart. Dynamic Insights: Quickly identify outperforming assets for long positions and underperformers for potential shorts. How to Use: Inputs: Adjust the lookback period to set the time frame for analysis. 720 Period is meant to represent 30 days. I like to use 168 period because I do not hold trades for long. Choose your comparison chart (e.g., BTC/USDT, SPY500, AAPL, etc.). Interpretation: Green Area Above 0: The asset offers better risk-adjusted returns than the benchmark. Red Area Below 0: The benchmark is a safer or more rewarding option. Perfect for All Traders Whether you: Trade Cryptocurrencies: Compare altcoins to BTC. Invest in Stocks: Compare individual stocks to indices like SPY500. Evaluate Portfolio Options: Decide between assets like AAPL or TSLA. This indicator equips you with a systematic way to evaluate "Is the extra risk worth it?". The script was compiled in Collaboration with ChatGPT
Pine Script™ indicator
by Beefmaster3
Volume & Range Spike DiamondVolume & Range Spike Diamond Detect significant volume and price range breakouts directly on your chart with this intuitive indicator. This TradingView indicator highlights bullish and bearish breakout opportunities by analyzing both volume and price range spikes. Perfect for identifying strong market movements in real-time. Key Features: Volume Increase Threshold (%): Customize the percentage increase in volume required to trigger a spike. Price Range Increase Threshold (%): Define the percentage increase in the price range for additional precision. Volume Lookback Period: Set the number of bars to calculate the average volume for comparison. Bullish and Bearish Signals: Highlights bullish spikes below bars and bearish spikes above bars using colored diamonds. Detailed Labels: Optionally display labels with percentage increases for volume and range. Alerts Integration: Receive notifications for bullish and bearish breakout conditions. How It Works: The indicator compares the current bar's volume to the average volume of previous bars over the specified lookback period. It also evaluates the price range (high - low) of the current bar against the previous bar. If both volume and price range exceed their respective thresholds, a breakout condition is flagged. Bullish spikes are displayed with upward-pointing diamonds below the bars, while bearish spikes use downward-pointing diamonds above the bars. Optional labels show detailed percentage increases for both metrics. Customization Options: // Inputs volumeIncreaseThreshold = input.float(50, "Volume Increase Threshold (%)", minval=0, step=5) rangeIncreaseThreshold = input.float(200, "Price Range Increase Threshold (%)", minval=0, step=5) lookbackPeriod = input.int(5, "Volume Lookback Period", minval=1, maxval=50) showLastLabel = input.bool(false, "Show Only Last Label") Alerts Configuration: Bullish Volume Breakout: Triggered when a bullish spike is detected. Bearish Volume Breakout: Triggered when a bearish spike is detected. Enhance your trading strategy by detecting high-probability breakout opportunities with this reliable indicator!
Pine Script™ indicator
by jzucchetto
Fast WMAThe Fast WMA is a reactive trend-following tool designed to provide rapid signals on the ETHBTC ratio. It uses advanced smoothing techniques and normalized thresholds to detect trends effectively. Let’s break it down further: Source Smoothing with Standard Deviations The source price data is smoothed by calculating its standard deviation, which measures how far prices typically move from the average. This creates upper and lower deviation levels: The upper deviation represents a high boundary where prices might be overextended. The lower deviation represents a low boundary where prices might be oversold. These deviations are combined with the Weighted Moving Average (WMA) to filter out noise and focus on significant price movements. Weighting the WMA for Further Smoothing The Weighted Moving Average (WMA) itself is refined by applying adjustable weights: An upper weight expands the WMA, forming an Upper Band. A lower weight compresses the WMA, forming a Lower Band. This dual-weighted approach allows the tool to adapt dynamically to price action, highlighting areas of potential trend reversals or continuations. Normalized WMA (NWMA) with Adjustable Thresholds The Normalized WMA (NWMA) adds an extra layer of analysis: It compares the source price to its smoothed average, expressing the result as a percentage change. This helps identify whether the market is overbought (positive NWMA) or oversold (negative NWMA). Two adjustable thresholds—a long threshold (for buy signals) and a short threshold (for sell signals)—allow users to fine-tune the sensitivity of these signals based on their trading style or the market's volatility. Entry/Exit Conditions The Fast WMA generates signals based on two conditions: Buy (Long) Signal: Occurs when the price stays above the lower deviation level, and the NWMA crosses above the long threshold. Indicates bullish momentum and suggests an upward trend. Sell (Short) Signal: Occurs when the price falls below the upper deviation level, and the NWMA drops below the short threshold. Indicates bearish momentum and suggests a downward trend. Important Note This indicator is not designed to work alone. It’s a powerful tool for identifying trends but should be combined with other analyses, such as volume, higher time-frame trends, or fundamental analysis, for better decision-making. Plotting Features The Fast WMA includes intuitive visual cues to enhance usability: Color-Coded Signals: Colors change dynamically to indicate trend direction. Options are available to customize the color scheme (e.g., for specific trading pairs like ETHBTC or SOLBTC). Threshold Lines: Dashed horizontal lines mark the long and short thresholds, helping users visualize signal levels. Bands and Fill Areas: The Upper Band and Lower Band are plotted around the WMA, with shaded regions indicating the deviation zones. Signal Arrows: Triangles appear below or above candles to highlight potential buy (upward arrow) or sell (downward arrow) points. Bar Coloring: Candlesticks are colored according to trend direction, making it easier to identify trends at a glance. The Fast WMA combines mathematical precision with user-friendly visualization, offering traders a versatile tool to analyze trends and make informed decisions. However, like any indicator, it’s most effective when used as part of a broader trading strategy.
Pine Script™ indicator
by Clokivez
WD Gann: Close Price X Bars Ago with Line or Candle PlotThis indicator is inspired by the principles of WD Gann, a legendary trader known for his groundbreaking methods in time and price analysis. It helps traders track the close price of a security from X bars ago, a technique that is often used to identify key price levels in relation to past price movements. This concept is essential for Gann’s market theories, which emphasize the relationship between time and price. WD Gann’s analysis often revolved around specific numbers that he considered significant, many of which correspond to squared numbers (e.g., 1, 4, 9, 16, 25, 36, 49, 64, 81, 100, 121, 144, 169, 196, 225, 256, 289, 324, 361, 400, 441, 484, 529, 576, 625, 676, 729, 784, 841, 900, 961, 1024, 1089, 1156, 1225, 1296, 1369, 1444, 1521, 1600, 1681, 1764, 1849, 1936). These numbers are believed to represent natural rhythms and cycles in the market. This indicator can help you explore how past price levels align with these significant numbers, potentially revealing key price zones that could act as support, resistance, or reversal points. Key Features: - Historical Close Price Calculation: The indicator calculates and displays the close price of a security from X bars ago (where X is customizable). This method aligns with Gann's focus on price relationships over specific time intervals, providing traders with valuable reference points to assess market conditions. - Customizable Plot Type: You can choose between two plot types for visualizing the historical close price: - Line Plot: A simple line that represents the close price from X bars ago, ideal for those who prefer a clean and continuous representation. - Candle Plot: Displays the close price as a candlestick chart, providing a more detailed view with open, high, low, and close prices from X bars ago. - Candle Color Coding: For the candle plot type, the script color-codes the candles. Green candles appear when the close price from X bars ago is higher than the open price, indicating bullish sentiment; red candles appear when the close is lower, indicating bearish sentiment. This color coding gives a quick visual cue to market sentiment. - Customizable Number of Bars: You can adjust the number of bars (X) to look back, providing flexibility for analyzing different timeframes. Whether you're conducting short-term or long-term analysis, this input can be fine-tuned to suit your trading strategy. - Gann Method Application: WD Gann's methods involved analyzing price action over specific time periods to predict future movements. This indicator offers traders a way to assess how the price of a security has behaved in the past in relation to a chosen time interval, a critical concept in Gann's theories. How to Use: 1. Input Settings: - Number of Bars (X): Choose the number of bars to look back (e.g., 100, 200, or any custom period). - Plot Type: Select whether to display the data as a Line or Candles. 2. Interpretation: - Using the Line plot, observe how the close price from X bars ago compares to the current market price. - Using the Candles plot, analyze the full price action of the chosen bar from X bars ago, noting how the close price relates to the open, high, and low of that bar. 3. Gann Analysis: Integrate this indicator into your broader Gann-based analysis. By looking at past price levels and their relationship to significant squared numbers, traders can uncover potential key levels of support and resistance or even potential reversal points. The historical close price can act as a benchmark for predicting future market movements. Suggestions on WD Gann's Emphasis in Trading: WD Gann’s trading methods were rooted in several key principles that emphasized the relationship between time and price. These principles are vital to understanding how the "Close Price X Bars Ago" indicator fits into his overall analysis: 1. Time Cycles: Gann believed that markets move in cyclical patterns. By studying price levels from specific time intervals, traders can spot these cycles and predict future market behavior. This indicator allows you to see how the close price from X bars ago relates to current market conditions, helping to spot cyclical highs and lows. 2. Price and Time Squaring: A core concept in Gann’s theory is that certain price levels and time periods align, often marking significant reversal points. The squared numbers (e.g., 1, 4, 9, 16, 25, etc.) serve as potential key levels where price and time might "square" to create support or resistance. This indicator helps traders spot these historical price levels and their potential relevance to future price action. 3. Geometric Angles: Gann used angles (like the 45-degree angle) to predict market movements, with the belief that prices move at specific geometric angles over time. This indicator gives traders a reference for past price levels, which could align with key angles, helping traders predict future price movement based on Gann's geometry. 4. Numerology and Key Intervals: Gann paid particular attention to numbers that held significance, including squared numbers and numbers related to the Fibonacci sequence. This indicator allows traders to analyze price levels based on these key numbers, which can help in identifying potential turning points in the market. 5. Support and Resistance Levels: Gann’s methods often involved identifying levels of support and resistance based on past price action. By tracking the close price from X bars ago, traders can identify past support and resistance levels that may become significant again in future market conditions. Perfect for: Traders using WD Gann’s methods, such as Gann angles, time cycles, and price theory. Analysts who focus on historical price levels to predict future price action. Those who rely on numerology and geometric principles in their trading strategies. By integrating this indicator into your trading strategy, you gain a powerful tool for analyzing market cycles and price movements in relation to key time intervals. The ability to track and compare the historical close price to significant numbers—like Gann’s squared numbers—can provide valuable insights into potential support, resistance, and reversal points. Disclaimer: This indicator is based on the methods and principles of WD Gann and is for educational purposes only. It is not intended as financial advice. Trading involves significant risk, and you should not trade with money that you cannot afford to lose. Past performance is not indicative of future results. The use of this indicator is at your own discretion and risk. Always do your own research and consider consulting a licensed financial advisor before making any investment decisions.
Pine Script™ indicator
by sam-austin
MAD Ratio with Buy/Sell SignalsThis code creates an indicator that generates Buy and Sell signals based on the Moving Average Distance (MAD) Ratio and the crossover/crossunder of two Simple Moving Averages (SMA). Here's a breakdown of what it does: What the Indicator Shows: Moving Averages: 21-day SMA (shortMA): Plotted in blue. 200-day SMA (longMA): Plotted in red. These lines visually represent short-term and long-term trends in price. Horizontal Reference Line: A gray horizontal line at Ratio = 1 marks when the 21-day SMA and 200-day SMA are equal. This is the neutral point for the MAD ratio. Buy and Sell Signals: Buy Signal (Green Label): Triggered when: MAD Ratio > 1 (shortMA is greater than longMA, indicating upward momentum). The 21-day SMA crosses above the 200-day SMA. Displays a green "BUY" label below the price chart. Sell Signal (Red Label): Triggered when: MAD Ratio < 1 (shortMA is less than longMA, indicating downward momentum). The 21-day SMA crosses below the 200-day SMA. Displays a red "SELL" label above the price chart.
Pine Script™ indicator
by French_PZ
Crawblanc by SiriusThe "Crawblanc by Sirius" is a Pine Script indicator designed for use on the TradingView platform. It implements an advanced ZigZag structure analysis with extended visualization options, offering traders a detailed representation of market patterns. Here's a breakdown of its features: ZigZag Structure Detection: Identifies market high and low points based on customizable depth, deviation, and backstep parameters. Allows traders to observe directional changes (bullish or bearish) and significant trend reversals. Customizable Visual Elements: Display settings for lines, triangles, and labels associated with market structures. Adjustable transparency, label size, and colors for bullish and bearish formations. Optional display of triangle IDs and areas, calculated dynamically based on detected points. Interactive Inputs: Enables toggling between calculation methods (e.g., open/close vs. low/high prices). Allows customization of transparency levels, line thickness, and label styles to suit individual preferences. Advanced Calculations: Triangle areas and center points are calculated for enhanced visualization. Supports projection and center-point calculations to provide additional market insights. Real-Time Updating: Dynamically updates on price changes, deleting and redrawing lines and labels as necessary. Displays point IDs and triangle areas, helping traders track ongoing market conditions. Color Coding: Distinct colors for bullish (green/blue tones) and bearish (red/yellow tones) phases. Automatic color inversion for labels to ensure clear visibility on various backgrounds. Extensibility: Users can choose to extend lines or restrict them to specific areas. Supports up to 500 lines, labels, and boxes, making it suitable for detailed analyses. Use Case: This indicator is highly beneficial for traders seeking to: Identify support and resistance levels. Analyze market patterns for entry and exit opportunities. Understand complex structures like triangles and trends dynamically in real time. The combination of user-friendly inputs and advanced visualization tools makes it ideal for technical analysts focused on improving decision-making through graphical insights.
Pine Script™ indicator
by strophcaunrad
CandelaCharts - Volume Imbalance (VI) 📝 Overview Volume Imbalance occurs when there’s a noticeable gap between the bodies of two consecutive candlesticks, with no overlap between them. While the wicks of the candles might intersect, the candle bodies remain entirely separate. This phenomenon often signifies that the algorithm driving market activity did not evenly distribute prices between these two levels, leaving behind a small Volume Imbalance (VI). A Bullish Volume Imbalance forms when the body of a green candlestick gaps above the previous candle’s body, with no overlap, indicating strong upward momentum and insufficient sell-side liquidity. A Bearish Volume Imbalance forms when the body of a red candlestick gaps below the previous candle’s body, with no overlap, signaling intense downward pressure and a lack of buy-side liquidity. This indicator can automatically identify volume imbalances by scanning candlestick patterns and detecting gaps between consecutive candle bodies. These volume imbalances act as price magnets, often attracting the market back to fill the gap before resuming its original direction. Recognizing and leveraging these gaps can be a powerful tool in technical analysis for predicting price movements. 📦 Features MTF Mitigation Consequent Encroachment Threshold Hide Overlap Advanced Styling ⚙️ Settings Show: Controls whether VIs are displayed on the chart. Show Last: Sets the number of VIs you want to display. Length: Determines the length of each VI. Mitigation: Highlights when a VI has been touched, using a different color without marking it as invalid. Timeframe: Specifies the timeframe used to detect VIs. Threshold: Sets the minimum gap size required for VI detection on the chart. Show Mid-Line: Configures the midpoint line's width and style within the VI. (Consequent Encroachment - CE) Show Border: Defines the border width and line style of the VI. Hide Overlap: Removes overlapping VIs from view. Extend: Extends the VI length to the current candle. Elongate: Fully extends the VI length to the right side of the chart. ⚡️ Showcase Simple Mitigated Bordered Consequent Encroachment Extended 🚨 Alerts This script provides alert options for all signals. Bearish Signal A bearish alert triggers when a red candlestick gaps below the previous body, signaling downward pressure. Bullish Signal A bullish alert triggers when a green candlestick gaps above the previous body, indicating upward momentum. ⚠️ Disclaimer Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
Pine Script™ indicator
by CandelaCharts
1