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Indicators and strategies

Opening Range Break (ORB)📈 Opening Range Break (ORB) with Session Levels & Alerts This indicator highlights key trading sessions (London, London–NY Overlap, NY PM) with automatic high/low range tracking, optional labels, and breakout alerts. Features: ✅ Session range plotting (custom time & color) 🟦 Weekly high/low levels (optional) 🔔 Breakout + retest alert system (customizable per session) 📊 200 EMA trend overlay 🔥 Real candle high/low support even when using Heikin Ashi (toggle on/off) Perfect for intraday traders looking to catch session breakouts or price action around key levels.
Pine Script® indicator
by Chart_GPT
MTF Trend + Crossover AlertsMulti-Timeframe Trend Dashboard + Crossover Signals This indicator provides a clean, real-time visual dashboard of trend directions across multiple timeframes (1m, 5m, 15m, 30m, 1H, 4H, 1D), based on moving average crossovers. 🔹 Trend Detection Logic: When the fast MA is above the slow MA → Bullish trend 🚀 When the fast MA is below the slow MA → Bearish trend 🐻 When both are equal or ranging → Neutral 📊 Dashboard Features: Displays trend status for each selected timeframe Color-coded cells (green = bullish, red = bearish, gray = neutral) Includes emojis for visual clarity 🔔 Buy/Sell Alerts: On the active chart timeframe, buy and sell signals are plotted when the fast MA crosses above or below the slow MA. You can also enable TradingView alerts based on these events. 🧩 Customizable Inputs: Fast MA period Slow MA period MA type (EMA or SMA) 🔧 Ideal for traders who want a quick snapshot of market structure across multiple timeframes and receive real-time crossover signals on their current chart.
Pine Script® indicator
by KevinRajch
Anti-Fade GuardThis indicator helps you avoid the costly mistake of fading strong trends by identifying when the market is in a high-conviction directional move — and when it’s not. Inspired by real trading behaviors and momentum confirmation principles, Anti-Fade Guard provides a clear, visual decision tool for intraday and scalping traders. ✅ How It Works It uses a multi-factor scoring model that analyzes: • 📈 EMA Trend Bias — Direction of price vs EMA and EMA slope • 🔁 2-Bar Trend Structure — Detects consistent higher highs/lows • 🚨 Breakout Confirmation — Confirms clean moves through previous bar extremes • 🔊 Volume Strength — Detects conviction based on volume above 20-bar average • 📏 Body-to-Range Strength — Filters out candles with indecision (e.g. dojis) Each signal contributes to a bullish or bearish score, and a trend is only considered valid when 2 or more signals agree. 🟩🟥 Visual Output A real-time summary box in the bottom-right corner shows: • Trend Status: 📈 Bullish / 📉 Bearish / 🟩 Neutral • Signal Breakdown: EMA, Price Structure, Breakout, Volume, Candle Strength • A Heatmap-style Trend Score: color-coded for conviction This makes it easy to filter setups, stay on the right side of the market, and avoid fighting the trend.
Pine Script® indicator
by conair
Swing Exit System with Legend Dashboard — Smart + Stylish“They say it’s more important when you buy than when you sell — but this script begs to differ.” In the real world of trading, the exit is often more important than the entry. A bad exit can turn a winning trade into a loss. A late exit can leave you bag-holding. A premature exit can cause regret as the trade runs without you. That’s where this script steps in — built to guide you through intelligent, data-driven exits with visual clarity and confidence. 🧠 What This Script Does This is a swing trade exit assistant, not just a signal plotter. It uses seven distinct exit conditions — all grounded in technical structure and momentum — to alert you when it's time to consider reducing or closing a position. Each condition is visualized using a unique, color-coded triangle on the chart for quick interpretation. All signals are also listed in a dynamic legend panel. 🎯 The Exit Signals Include: 10 SMA Break (🟠) – Signals short-term momentum loss 20 SMA Break (🔵) – Stronger loss of trend support SMA Cross (🔴) – Fast SMA crossing below slow SMA = trend weakening ATR Stop Hit (🟥) – Price breaks below a trailing ATR stop RSI Momentum Fade (🟣) – RSI drops below 50 after being overbought RSI Bearish Divergence (🟪) – Momentum diverges from price Lower High / Lower Low (⚫️) – Classic bearish market structure Each triangle matches the color of its entry in the exit legend dashboard, which appears as a floating table on the lower right of the screen for maximum clarity without clutter. 📊 Also Displayed: Live ATR value – Helps evaluate volatility and stop distance Fast SMA (10) & Slow SMA (20) – See trend context and potential crossovers Upper/lower ATR bands for visual trailing stops 🧰 Why This Matters This script isn’t about blindly following signals — it’s about supporting decision-making. It helps you exit trades with intention, not emotion. It’s built for: Swing traders who hold for 2–10 bars Traders using multi-condition filters Visual thinkers who want signal and structure in sync Exit too early and you leave money on the table. Exit too late and you give it all back. This tool gives you the structure to exit when the chart says so, not when your nerves do.
Pine Script® indicator
by StonkJuicer
[blackcat] L1 Net Volume DifferenceOVERVIEW The L1 Net Volume Difference indicator serves as an advanced analytical tool designed to provide traders with deep insights into market sentiment by examining the differential between buying and selling volumes over precise timeframes. By leveraging these volume dynamics, it helps identify trends and potential reversal points more accurately, thereby supporting well-informed decision-making processes. The key focus lies in dissecting intraday changes that reflect short-term market behavior, offering critical input for both swing and day traders alike. 📊 Key benefits encompass: • Precise calculation of net volume differences grounded in real-time data. • Interactive visualization elements enhancing interpretability effortlessly. • Real-time generation of buy/sell signals driven by dynamic volume shifts. TECHNICAL ANALYSIS COMPONENTS 📉 Volume Accumulation Mechanisms: Monitors cumulative buy/sell volumes derived from comparative closing prices. Periodically resets accumulation counters aligning with predefined intervals (e.g., 5-minute bars). Facilitates identification of directional biases reflecting underlying market forces accurately. 🕵️‍♂️ Sentiment Detection Algorithms: Employs proprietary logic distinguishing between bullish/bearish sentiments dynamically. Ensures consistent adherence to predefined statistical protocols maintaining accuracy. Supports adaptive thresholds adjusting sensitivities based on changing market conditions flexibly. 🎯 Dynamic Signal Generation: Detects transitions indicating dominance shifts between buyers/sellers promptly. Triggers timely alerts enabling swift reactions to evolving market dynamics effectively. Integrates conditional logic reinforcing signal validity minimizing erroneous activations. INDICATOR FUNCTIONALITY 🔢 Core Algorithms: Utilizes moving averages along with standardized deviation formulas generating precise net volume measurements. Implements Arithmetic Mean Line Algorithm (AMLA) smoothing techniques improving interpretability. Ensures consistent alignment with established statistical principles preserving fidelity. 🖱️ User Interface Elements: Dedicated plots displaying real-time net volume markers facilitating swift decision-making. Context-sensitive color coding distinguishing positive/negative deviations intuitively. Background shading highlighting proximity to key threshold activations enhancing visibility. STRATEGY IMPLEMENTATION ✅ Entry Conditions: Confirm bullish/bearish setups validated through multiple confirmatory signals. Validate entry decisions considering concurrent market sentiment factors. Assess alignment between net volume readings and broader trend directions ensuring coherence. 🚫 Exit Mechanisms: Trigger exits upon hitting predetermined thresholds derived from historical analyses. Monitor continuous breaches signifying potential trend reversals promptly executing closures. Execute partial/total closes contingent upon cumulative loss limits preserving capital efficiently. PARAMETER CONFIGURATIONS 🎯 Optimization Guidelines: Reset Interval: Governs responsiveness versus stability balancing sensitivity/stability. Price Source: Dictates primary data series driving volume calculations selecting relevant inputs accurately. 💬 Customization Recommendations: Commence with baseline defaults; iteratively refine parameters isolating individual impacts. Evaluate adjustments independently prior to combined modifications minimizing disruptions. Prioritize minimizing erroneous trigger occurrences first optimizing signal fidelity. Sustain balanced risk-reward profiles irrespective of chosen settings upholding disciplined approaches. ADVANCED RISK MANAGEMENT 🛡️ Proactive Risk Mitigation Techniques: Enforce strict compliance with pre-defined maximum leverage constraints adhering strictly to guidelines. Mandatorily apply trailing stop-loss orders conforming to script outputs reinforcing discipline. Allocate positions proportionately relative to available capital reserves managing exposures prudently. Conduct periodic reviews gauging strategy effectiveness rigorously identifying areas needing refinement. ⚠️ Potential Pitfalls & Solutions: Address frequent violations arising during heightened volatility phases necessitating manual interventions judiciously. Manage false alerts warranting immediate attention avoiding adverse consequences systematically. Prepare contingency plans mitigating margin call possibilities preparing proactive responses effectively. Continuously assess automated system reliability amidst fluctuating conditions ensuring seamless functionality. PERFORMANCE AUDITS & REFINEMENTS 🔍 Critical Evaluation Metrics: Assess win percentages consistently across diverse trading instruments gauging reliability. Calculate average profit ratios per successful execution measuring profitability efficiency accurately. Measure peak drawdown durations alongside associated magnitudes evaluating downside risks comprehensively. Analyze signal generation frequencies revealing hidden patterns potentially skewing outcomes uncovering systematic biases. 📈 Historical Data Analysis Tools: Maintain comprehensive records capturing every triggered event meticulously documenting results. Compare realized profits/losses against backtested simulations benchmarking actual vs expected performances accurately. Identify recurrent systematic errors demanding corrective actions implementing iterative refinements steadily. Document evolving performance metrics tracking progress dynamically addressing identified shortcomings proactively. PROBLEM SOLVING ADVICE 🔧 Frequent Encountered Challenges: Unpredictable behaviors emerging within thinly traded markets requiring filtration processes. Latency issues manifesting during abrupt price fluctuations causing missed opportunities. Overfitted models yielding suboptimal results post-extensive tuning demanding recalibrations. Inaccuracies stemming from incomplete/inaccurate data feeds necessitating verification procedures. 💡 Effective Resolution Pathways: Exclude low-liquidity assets prone to erratic movements enhancing signal integrity. Introduce buffer intervals safeguarding major news/event impacts mitigating distortions effectively. Limit ongoing optimization attempts preventing model degradation maintaining optimal performance levels consistently. Verify reliable connections ensuring uninterrupted data flows guaranteeing accurate interpretations reliably. USER ENGAGEMENT SEGMENT 🤝 Community Contributions Welcome Highly encourage active participation sharing experiences & recommendations! THANKS Heartfelt acknowledgment extends to all developers contributing invaluable insights about volume-based trading methodologies! ✨
Pine Script® indicator
by blackcat1402
ATR Overlay with Trailing Flip [ask2maniish]📘 ATR Overlay with Trailing Flip 🔍 Overview The ATR Overlay with Trailing Flip is a dynamic, visually-enhanced overlay indicator designed to assist traders in trend detection, trailing stop management, and volatility-based decision making. It leverages the Average True Range (ATR) with optional dynamic multipliers, filters, and alerts to enhance trade execution precision. ⚙️ Features Summary ✅ Static & dynamic ATR multiplier ✅ Customizable trailing stop logic ✅ Volume & Bollinger Band filters ✅ Buy/Sell label signals with alerts ✅ ATR bands with color fill ✅ Optional candle coloring based on trend ✅ Table showing current ATR multiplier ✅ Fully customizable visual controls 🔧 User Inputs 📘 Info Panel ATR Usage Guide Tooltip with trading-style recommendations: Scalping: ATR 5–10, Intraday: ATR 10–14 , Swing: ATR 14–21 , Position: ATR 21–50 📊 Visual Elements 📈 Plots Upper/Lower ATR Bands ATR Fill Zone Dynamic Trailing Stop Line 🕯 Candle Coloring Candles colored green (uptrend) or red (downtrend) Wick coloring matches body 🏷 Signal Labels "BUY" below candle when trend flips up "SELL" above candle when trend flips down 📊 Table (Top Right) Displays current multiplier value: If static: Static: x.x If dynamic: percentage format based on ATR ratio 🔔 Alerts Two alert conditions: Flip to Long → "📈 ATR flip to LONG" Flip to Short → "📉 ATR flip to SHORT" Sound can be enabled for real-time feedback. 🧠 Best Practices Combine this tool with support/resistance or order flow indicators Use dynamic ATR during volatile periods for better adaptability Filter signals in ranging markets with BBand Width Filter For scalping, reduce ATR period and multiplier for tighter risk 🛠️ Customization Tips Adjust trailingPeriod for tighter/looser stops Use color inputs to match your charting theme Disable features (labels/fill) to declutter chart
Pine Script® indicator
by ask2maniish
Livermore-Seykota Breakout StrategyStrategy Name: Livermore-Seykota Breakout Strategy Objective: Execute breakout trades inspired by Jesse Livermore, filtered by trend confirmation (Ed Seykota) and risk-managed with ATR (Paul Tudor Jones style). Entry Conditions: Long Entry: Close price breaks above recent pivot high. Price is above main EMA (EMA50). EMA20 > EMA200 (uptrend confirmation). Current volume > 20-period SMA (volume confirmation). Short Entry: Close price breaks below recent pivot low. Price is below main EMA (EMA50). EMA20 < EMA200 (downtrend confirmation). Current volume > 20-period SMA. Exit Conditions: Stop-loss: ATR × 3 from entry price. Trailing stop: activated with offset of ATR × 2. Strengths: Trend-aligned entries with volume breakout confirmation. Dynamic ATR-based risk management. Inspired by principles of three legendary traders.
Pine Script® strategy
by longtien
2
BS with PeriodThe “BS with Period” indicator visualizes the balance between buying and selling volume within each candle, and also tracks those volumes accumulated over a specified number of bars. It first splits a candle’s total volume into two parts based on where the close sits: the closer the close is to the high, the larger the “buying” portion; the closer it is to the low, the larger the “selling” portion. This means that for any given volume you can see whether buyers or sellers were more active. On the chart you see three column plots: Gray for total volume Red for the portion attributed to selling Teal for the portion attributed to buying Optionally, it also sums those buying and selling volumes over the last N bars and plots them as two lines. This gives you a medium-term view of which side is dominating: if the buying-volume line stays well above the selling-volume line, buyers are in control, and vice versa. Traders use it to: Spot sustained buying or selling pressure when one accumulated-volume line pulls ahead of the other. Confirm trend accelerations or potential reversals when the balance shifts. Adjust sensitivity by choosing a shorter period (more responsive, but noisier) or a longer period (smoother, but slower). Overall, the indicator helps quantify the internal volume structure and the tug-of-war between buyers and sellers both within each candle and over your chosen look-back period.
Pine Script® indicator
by AVKcrypto
PRODE-NMIt is a force impulse system that is designed to give you entries into assets that can move substantially. Works well with volatile instruments. If there is a lot of whipsaws in the instrument plot, a Moving Average on the Prode-M Line, and use it in the place of the PRODE-M Line. Use it with Super-Trend (10,4.5) or Super-trend(10,3) and Super-trend(10,1.25), on the trading time frame. Ideal trades are taken when the price first breaks above or below Super-Trend(10,1.25) and Super-trend(10,3) or Super-Trend (10,4.5) . For Bullish entries let the PRODE-M come below the Zero-Line and go back up, after price breaks above the two Super-Trends. While the Prode-M line goes down below the Zero-Line and come back up the Super-Trend (10,3) or Super-Trend (10,4.5) should not turn Red. It is not a problem if the Super-Trend (10,1.25) turns red. Take entry when Prode-M line breaks above the Zero line and both Super-Trends are green. Stop-Loss is the Super-Trend(10,1.25) initially and one break even is achieved trail with Super-Trend(10,3) or Super-Trend (10,4.5). Vice Versa for Short entries. Cheers :)
Pine Script® indicator
by macro_megadeath
[blackcat] L2 Multi-Level Price Condition TrackerOVERVIEW The L2 Multi-Level Price Condition Tracker represents an innovative approach to analyzing financial markets by simultaneously monitoring multiple price levels, thus providing traders with a holistic view of market dynamics. By combining dynamic calculations based on moving averages and price deviations, this tool aims to deliver precise and actionable insights into potential entry and exit points. It leverages sophisticated statistical measures to identify key thresholds that signify shifts in market sentiment, thereby aiding traders in making well-informed decisions. 🎯 Key benefits encompass: • Comprehensive calculation of midpoints and average prices indicating short-term trend directions. • Interactive visualization elements enhancing interpretability effortlessly. • Real-time generation of buy/sell signals driven by precise condition evaluations. TECHNICAL ANALYSIS COMPONENTS 📉 Midpoint Calculations: Computes central reference points derived from high-low ranges establishing baseline supports/resistances. Utilizes Simple Moving Averages (SMAs) along with standardized deviation formulas smoothing out volatility while preserving long-term trends accurately. Facilitates identification of directional biases reflecting underlying market forces dynamically. 🕵️‍♂️ Advanced Price Level Detection: Derives upper/lower bounds adjusting sensitivities adaptively responding to changing conditions flexibly. Employs proprietary logic distinguishing between bullish/bearish sentiments promptly signaling transitions effectively. Ensures consistent adherence to predefined statistical protocols maintaining accuracy robustly. 🎥 Dynamic Signal Generation: Detects crossovers indicating dominance shifts between buyers/sellers promptly triggering timely alerts. Integrates conditional logic reinforcing signal validity minimizing erroneous activations systematically. Supports adaptive thresholds tuning sensitivities based on evolving market conditions flexibly accommodating varying scenarios. INDICATOR FUNCTIONALITY 🔢 Core Algorithms: Utilizes moving averages alongside standardized deviation formulas generating precise net volume measurements. Implements Arithmetic Mean Line Algorithm (AMLA) smoothing techniques improving interpretability. Ensures consistent alignment with established statistical principles preserving fidelity. 🖱️ User Interface Elements: Dedicated plots displaying real-time midpoint markers facilitating swift decision-making. Context-sensitive color coding distinguishing positive/negative deviations intuitively highlighting key activations clearly. Background shading emphasizing proximity to crucial threshold activations enhancing visibility focusing attention on vital signals promptly. STRATEGY IMPLEMENTATION ✅ Entry Conditions: Confirm bullish/bearish setups validated through multiple confirmatory signals assessing concurrent market sentiment factors. Validate entry decisions considering alignment between calculated midpoints and broader trend directions ensuring coherence. Monitor cumulative breaches signifying potential trend reversals executing partial/total closes contingent upon predetermined loss limits preserving capital efficiently. 🚫 Exit Mechanisms: Trigger exits upon hitting predefined thresholds derived from historical analyses promptly executing closures. Execute partial/total closes contingent upon cumulative loss limits preserving capital efficiently managing exposures prudently. Conduct periodic reviews gauging strategy effectiveness rigorously identifying areas needing refinement implementing corrective actions iteratively enhancing performance metrics steadily. PARAMETER CONFIGURATIONS 🎯 Optimization Guidelines: Lookback Period: Governs responsiveness versus stability balancing sensitivity/stability governing moving averages aligning with preferred granularity. Price Source: Dictates primary data series driving volume calculations selecting relevant inputs accurately tailoring strategies accordingly. 💬 Customization Recommendations: Commence with baseline defaults; iteratively refine parameters isolating individual impacts evaluating adjustments independently prior to combined modifications minimizing disruptions. Prioritize minimizing erroneous trigger occurrences first optimizing signal fidelity sustaining balanced risk-reward profiles irrespective of chosen settings upholding disciplined approaches preserving capital efficiently. ADVANCED RISK MANAGEMENT 🛡️ Proactive Risk Mitigation Techniques: Enforce strict compliance with pre-defined maximum leverage constraints adhering strictly to guidelines managing exposures prudently. Mandatorily apply trailing stop-loss orders conforming to script outputs enforcing discipline rigorously preventing adverse consequences. Allocate positions proportionately relative to available capital reserves conducting periodic reviews gauging effectiveness continuously identifying improvement opportunities steadily. ⚠️ Potential Pitfalls & Solutions: Address frequent violations arising during heightened volatility phases necessitating manual interventions judiciously preparing contingency plans proactively mitigating risks effectively. Manage false alerts warranting immediate attention avoiding adverse consequences systematically implementing corrective actions reliably. Prepare proactive responses amid adverse movements ensuring seamless functionality amidst fluctuating conditions fortifying resilience against anomalies robustly. PERFORMANCE MONITORING METRICS 🔍 Evaluation Criteria: Assess win percentages consistently across diverse trading instruments gauging reliability measuring profitability efficiency accurately evaluating downside risks comprehensively uncovering systematic biases potentially skewing outcomes. Calculate average profit ratios per successful execution benchmarking actual vs expected performances documenting results meticulously tracking progress dynamically addressing identified shortcomings proactively fostering continuous improvements. 📈 Historical Data Analysis Tools: Maintain detailed logs capturing every triggered event recording realized profits/losses comparing simulated projections accurately identifying discrepancies warranting investigation implementing iterative refinements steadily enhancing performance metrics progressively. Identify recurrent systematic errors demanding corrective actions implementing iterative refinements steadily addressing identified shortcomings proactively fostering continuous enhancements dynamically improving robustness resiliently. PROBLEM SOLVING ADVICE 🔧 Frequent Encountered Challenges: Unpredictable behaviors emerging within thinly traded markets requiring filtration processes enhancing signal integrity excluding low-liquidity assets prone to erratic movements effectively. Latency issues manifesting during abrupt price fluctuations causing missed opportunities introducing buffer intervals safeguarding major news/event impacts mitigating distortions seamlessly verifying reliable connections ensuring uninterrupted data flows guaranteeing accurate interpretations dependably. 💡 Effective Resolution Pathways: Limit ongoing optimization attempts preventing model degradation maintaining optimal performance levels consistently recalibrating parameters periodically adapting strategies flexibly responding appropriately amidst varying conditions dynamically improving robustness resiliently. Verify reliable connections ensuring uninterrupted data flows guaranteeing accurate interpretations dependably bolstering overall efficacy systematically addressing identified shortcomings dynamically fostering continuous advancements. THANKS Heartfelt acknowledgment extends to all developers contributing invaluable insights regarding multi-level price condition-based trading methodologies! ✨
Pine Script® indicator
by blackcat1402
wma+ tendance🟢 wma+ tendance – Trend Ribbon with Weighted Moving Averages Description: Wma+ tendance is an indicator based on two Weighted Moving Averages (WMA) – a fast and a slow one – designed to visualize market trends in a clear and intuitive way. It dynamically colors the space between the two curves according to the market direction: 🟩 Green: Uptrend (fast WMA is above the slow WMA, and both are rising) 🟥 Red: Downtrend (fast WMA is below the slow WMA, and both are falling) ⬜ Gray: No clear trend (neutral market or consolidation) Usage: Identify trend phases or consolidation periods Combine with other technical signals to optimize entries/exits Suitable for both day trading and swing trading Customizable settings: Price source (close, open, etc.) Length of the moving averages (fast and slow)
Pine Script® indicator
by schacherj959
1
Bullish Bearish Signal with EMA Color + Labels Bullish & Bearish Signal with Dynamic EMA + MACD/RSI Confluence This indicator provides clear BUY and SELL signals based on the confluence of trend, momentum, and strength — perfect for traders who want high-probability entries with minimal noise. 🔍 Key Features: Dynamic EMA 200 Color The EMA line changes color based on market bias: 🔵 Blue = Bullish Trend 🔴 Red = Bearish Trend ⚪ Gray = Neutral BUY Signal Conditions: Price is above EMA 200 (uptrend confirmation) MACD line crosses above the Signal line (momentum shift) RSI is above 50 (bullish strength) SELL Signal Conditions: Price is below EMA 200 (downtrend confirmation) MACD line crosses below the Signal line RSI is below 50 (bearish strength) Stylish BUY/SELL Labels Clean, readable markers appear directly on the chart at key turning points. 🎯 Ideal For: Trend-following strategies Scalpers and swing traders looking for cleaner entries Confirming signals from your existing setup Let the market tell you when it's ready — this tool helps you enter only when trend, momentum, and strength agree. Happy trading! 🚀
Pine Script® indicator
by boring_chan123
AMMA JAMMA'S SNEAKY LITTLE ALPHAAmma Jamma has a nifty SWING guidance video with a sneaky tip... This script will plot a signal when the RSI crosses above the midline. You can adjust the midline to where you want the signals. Can be used for numerous strategies, I thought about adding various other features like crossing under the upper band, etc. In A/J style, keeping this one simple. Set alerts if that's your thing. This is experimental and still in testing. Version 1
Pine Script® indicator
by BurbinTrades
Dynamic and ATR Supertrend**Dynamic and ATR Supertrend Indicator** The Dynamic and ATR Supertrend indicator is a powerful tool for traders who want to identify trends and make informed decisions about their investments. This indicator combines the benefits of the Supertrend indicator with the dynamic multiplier adjustment and ATR (Average True Range) calculation to provide a more accurate and reliable trend identification system. **Key Features:** * **Dynamic Multiplier Adjustment:** The indicator uses a dynamic multiplier adjustment to adapt to changing market conditions. This ensures that the indicator remains sensitive to trend changes and provides accurate signals. * **ATR Calculation:** The indicator uses the ATR (Average True Range) calculation to determine the volatility of the market. This helps to identify the optimal multiplier value for the Supertrend calculation. * **Supertrend Calculation:** The indicator uses the Supertrend calculation to identify trends and provide buy and sell signals. * **Higher Timeframe Analysis:** The indicator allows for higher timeframe analysis, which enables traders to identify trends and make decisions based on a broader market perspective. * **Alert System:** The indicator includes an alert system that notifies traders of trend changes and price crosses, allowing them to make timely and informed decisions. **How it Works:** 1. The indicator calculates the ATR (Average True Range) of the market to determine the volatility. 2. The indicator uses the dynamic multiplier adjustment to adapt to changing market conditions. 3. The indicator calculates the Supertrend value using the ATR and dynamic multiplier. 4. The indicator identifies trends and provides buy and sell signals based on the Supertrend value. 5. The indicator includes an alert system that notifies traders of trend changes and price crosses. **Benefits:** * **Improved Trend Identification:** The indicator provides a more accurate and reliable trend identification system, allowing traders to make informed decisions. * **Adaptability:** The indicator adapts to changing market conditions, ensuring that it remains sensitive to trend changes and provides accurate signals. * **Flexibility:** The indicator allows for higher timeframe analysis, enabling traders to identify trends and make decisions based on a broader market perspective. * **Alert System:** The indicator includes an alert system that notifies traders of trend changes and price crosses, allowing them to make timely and informed decisions. **Conclusion:** The Dynamic and ATR Supertrend indicator is a powerful tool for traders who want to identify trends and make informed decisions about their investments. With its dynamic multiplier adjustment, ATR calculation, and Supertrend calculation, this indicator provides a more accurate and reliable trend identification system. The indicator's adaptability, flexibility, and alert system make it an essential tool for traders who want to stay ahead of the market and make profitable trades.
Pine Script® indicator
by doganayy2
Volume-Weighted Price MovementThe Volume-Weighted Price Movement (VWPM) indicator is an easy to read technical analysis tool that analyses how volume and price movement work together to drive market momentum. How It Works The VWPM indicator tracks two primary components: Bullish Movement (green line): Measures the upward price movement weighted by volume. When price closes above the open, this component calculates how much buying pressure exists by multiplying the price change (close - open) by the volume of that period. Bearish Movement (red line): Measures the downward price movement weighted by volume. When price closes below the open, this component calculates how much selling pressure exists by multiplying the price change (open - close) by the volume of that period. Bull-Bear Difference (lime/orange line): Shows the net momentum by subtracting bearish movement from bullish movement, providing an at-a-glance view of which force is dominant. The VWPM integrates volume data to identify whether price movements are backed by significant participation. A large price move with low volume carries less weight than the same move with high volume, providing a more accurate reflection of market strength. A shorter lookback period makes the indicator more responsive to recent price action, while a longer period smooths out market noise for trend identification. Interpretation Bullish Signals When the green line (bull movement) rises and stays above the red line When the Bull-Bear Difference line crosses above zero and maintains positive momentum Divergence between price making lower lows but the bull line making higher lows (hidden strength) Bearish Signals When the red line (bear movement) rises and stays above the green line When the Bull-Bear Difference line crosses below zero and maintains negative momentum Divergence between price making higher highs but the bull line making lower highs (hidden weakness) open source, if anyone makes the script better please let me know :)
Pine Script® indicator
by ahwelre21