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Rikki's DikFat Buy/Sell OscillatorAttached we have a very simple Buy/Sell Oscillator. This script will color candles red when price is bear trending and green when price is bull trending. I have taken elements of our CCI color signaler indicator found here: to make this very simple and easy to read candlestick color oscillator for traders both new and seasoned. The the red candles color red as a result of the fuchsia CCI condition on the previously mentioned indicator. The green candles color as a result of the black CCI color condition on the previously mentioned script. The script was modified to run the black CCI condition anywhere the fuchsia condition is not displayed and the colors were changed to red and green for a clean visual representation on the chart. I have not quite got the wick and border colors correct. For some reason they keep reverting when you click out of the script setting. Will update once complete. The code and script are public. Enjoy :)
Pine Script™ indicator
by Midgar-
Multi-Trend SynchronizerMulti-Trend Synchronizer The Multi-Trend Synchronizer indicator provides a multi-timeframe trend analysis using SMMA (Smoothed Moving Average) across three user-defined timeframes: short, medium, and long-term. By synchronizing trends from these timeframes, this tool helps traders identify stronger alignment signals for potential trend continuation or reversal, enhancing decision-making in various market conditions. Key Features Multi-Timeframe Trend Analysis: Users can set three different timeframes, allowing flexibility in tracking trends over short (e.g., 15 minutes), medium (e.g., 1 hour), and long-term (e.g., 4 hours) intervals. Clear Trend Visualization: The indicator plots SMMA lines on the main chart, color-coded by timeframe for intuitive reading. It also displays an at-a-glance trend alignment table, showing the current trend direction (bullish, bearish, or neutral) for each timeframe. Buy and Sell Signals: Alignment across all timeframes generates Buy and Sell signals, visualized on the chart with distinct markers to aid entry/exit timing. Usage Notes This indicator is best used for trend-following strategies. The SMMA-based design provides smoother trend transitions, reducing noise compared to standard moving averages. However, as with all indicators, it is not foolproof and should be combined with other analyses for robust decision-making. How It Works The indicator calculates SMMA values for each selected timeframe and tracks trend changes based on SMMA's direction. When all timeframes show a unified direction (either bullish or bearish), the indicator generates a Buy or Sell signal. A table displays real-time trend direction, with color codes to assist traders in quickly assessing the market's overall direction. Indicator Settings Timeframes: Customize each SMMA timeframe to align with personal trading strategies or market conditions. SMMA Length: Adjust the length of the SMMA to control sensitivity. Lower values may increase signal frequency, while higher values provide smoother, more stable trend indicators. Disclaimer: As with any trend-following tool, this indicator is most effective when used in trending markets and may be less reliable in sideways conditions. Past performance does not guarantee future results, and users should be cautious of market volatility. Use it for educational purposes!
Pine Script™ indicator
by shortymkd
5-Minute EurUsd GbpUsd Pivot Bars 1.0The 5-Minute EurUsd GbpUsd Pivot Bars indicator is a specialized tool crafted to identify low-range pivot bars on 5-minute charts, specifically optimized for EURUSD and GBPUSD pairs. By focusing on precise pip measurements tailored for pairs where 1 pip is represented by 0.0001, this indicator highlights potential pivot bars within specific trading sessions, helping traders identify intraday reversals and optimal entry points. This is particularly beneficial for traders looking for directional clarity in high-liquidity pairs like EURUSD and GBPUSD during key trading sessions. Key Features: - Customizable Pip Thresholds for EURUSD and GBPUSD: This indicator uses the following thresholds, tailored for EURUSD and GBPUSD pairs: - Limited Range: Highlights bars with a range of 4 pips or less between open and close. - High/Low Directionality: Requires at least 3 pips between the close/open and the bar's high or low. - Open/Close Proximity: Marks bars where the open and close are within 4 pips. - Inside Bar Tolerance: Excludes inside bars that fall within a 3-pip range of the previous bar’s high and low. - Session-Based Alerts: - The indicator allows users to enable alerts specifically for the European Session (6:00-12:00), American Session (12:00-17:00), and London Close (17:00-20:00). Adjust these session times based on your time zone by using the time-shift parameter. - Alerts are triggered in real-time for valid bullish and bearish pivot bars within the specified sessions, enabling you to react to potential market moves promptly. - Time Shift Flexibility: - Adjust the "Time Shift" parameter to account for different time zones, ensuring session alignment wherever you are trading from. How It Works: 1. Pivot Bar Identification: The indicator scans for bars where the difference between the open and close is within the "Limited Range" threshold. Both the open and close should be near either the high or the low of the bar. 2. Directional Filtering: It only considers bars with a strong directional bias by enforcing a minimum distance between the open/close levels and the opposite end of the bar (high/low). Bars that do not exhibit this directionality are excluded. 3. Inside Bar Exclusion: Inside bars, where the bar's range is completely contained within the previous bar’s high and low (with a tolerance of 3 pips), are excluded. Consecutive inside bars are also excluded, helping to filter out bars typically associated with market consolidation. 4. Session-Specific Alerts: When a valid pivot bar appears within the chosen sessions, an alert is triggered. The alerts differentiate between bullish and bearish pivot bars based on whether the close is near the high or the low of the bar. How to Use: - Trend Reversals: This indicator can help spot potential trend reversals or pullbacks within active trading sessions on a 5-minute chart. - Refining Entry Points: The highlighted bars provide potential entry signals for traders looking to capitalize on short-term directional changes. - Combining with Other Indicators: For more robust analysis, combine this tool with momentum indicators or trendlines to confirm signals and enhance decision-making. Default Parameters: - Limited Range: 4 Pips - High/Low Directionality: 3 Pips - Open/Close Proximity: 4 Pips - Inside Bar Tolerance: 3 Pips - Session Alerts: Enabled for European, American, and London Close sessions - Time Shift: Default set to 6 (adjustable to match your time zone) This indicator is specifically optimized for EURUSD and GBPUSD pairs on 5-minute charts due to its pip calculation.
Pine Script™ indicator
by TrendFollowingTradersCommunity
Initial Balance with % height originally created by noop-noopThis TradingView indicator is designed to assist traders in identifying and analyzing the Initial Balance (IB) range, which is defined by the high and low of the first trading session (e.g., the first hour or other specified time) of the trading day. Commonly used by day traders, this opening range indicator provides valuable insights into market sentiment and potential breakout levels. Key Features: IB High and Low Lines: Draws horizontal lines at the high (IBH) and low (IBL) of the Initial Balance range to serve as potential support and resistance levels. Extended Levels: Optionally displays extra levels (multiples of the IB range) above and below the initial balance range, helping traders identify key breakout or breakdown zones. Intermediate Levels: Adds a 50% level within the IB range to provide a midpoint reference, useful for gauging market direction within the range. Visual Zone Highlighting: Colors the IB calculation period to visually separate it on the chart. Dynamic Labeling: Shows percentage-based labels and IB delta analytics for quick reference, including the IB range height as a percentage. Historical Data Tracking: Analyzes IB range statistics over the past 20 days, displaying maximum, average, and minimum IB deltas to help traders understand typical range behavior.
Pine Script™ indicator
by Tradederma
Swing Percentile Lines [QuantVue]The Swing High/Low Percentile Indicator is designed to help traders identify key price levels based on the most recent swing high and low. By anchoring to the most recent swing high and swing low, the indicator automatically generates percentile lines ( 25%, 50%, 75%) that act as dynamic support and resistance levels. What Does the Indicator Do? The Swing High/Low Percentile Indicator works by identifying the most recent significant price swings, whether it's a swing high or swing low. It then calculates the range between these points and divides the distance into percentage-based levels. These levels are plotted on the chart as clear, easy-to-read lines at 25%, 50%, and 75% of the range between the swing high and low. These percentile lines serve as dynamic price zones where traders can anticipate potential reactions, whether the market is trending or consolidating. How Can Traders Use the Indicator? Support and Resistance: The percentile lines act as evolving support and resistance zones. Traders can anticipate price bounces or breaks at these levels, providing opportunities for trend-following or reversal trades. Trend Identification: The indicator helps traders determine the strength of a trend. In a strong uptrend, price will likely stay above the 50% or 75% lines, while in a downtrend, it may remain below the 50% or 25% lines. This gives traders an edge in recognizing the overall market direction. Entry and Exit Points: Traders can use the percentile lines to time their entries and exits. For example, entering a trade on a pullback to the 25% or 50% line offers a favorable risk-to-reward ratio. Similarly, the percentile lines serve as natural profit targets, allowing traders to plan exits as the price approaches the 50% or 75% levels. Risk Management: The clear delineation of price levels makes it easy for traders to set stop-loss orders. For example, if price falls below the 25% line in an uptrend, it may signal weakness, prompting an exit or reduced position size. Breakout and Breakdown Scenarios: When price breaks above a recent swing high or below a swing low, the percentile lines provide traders with pullback entry opportunities or key levels to watch for continuation of the move.
Pine Script™ indicator
by QuantVue
BELLEZZA: Market Strength IndicatorThe BELLEZZA: Market Strength Indicator is a comprehensive tool designed to help traders assess overall market sentiment by combining signals from multiple technical indicators. This indicator displays real-time signals from the RSI, Stochastic Oscillator, MACD, and the 50-day, 100-day, and 200-day Simple Moving Averages (SMAs) in a convenient table on your chart. Features Multi-Indicator Analysis: Aggregates signals from six popular technical indicators to provide a holistic view of market conditions. High-Contrast Visuals: Utilizes high-contrast colors for better visibility and readability, ensuring signals are easily distinguishable. Customizable Display: Allows you to adjust the text color and position of the signal table on the chart to suit your preferences. Real-Time Updates: Refreshes signals on each confirmed bar, providing up-to-date information for timely decision-making. Benefits of the Indicator Quick Market Overview: Instantly assess market sentiment without analyzing each indicator separately. Enhanced Visibility: High-contrast colors ensure signals are easily visible against any chart background. Customizable Appearance: Adjust the indicator's display to fit your trading style and chart preferences. Real-Time Insights: Stay updated with the latest market signals as the indicator refreshes on each confirmed bar. Limitations Indicator Lag: Some indicators like moving averages are lagging indicators and may not reflect immediate market changes. False Signals: No indicator is 100% accurate. Always consider the possibility of false signals. Market Conditions: Extreme market volatility can affect indicator performance. Use in conjunction with other analysis methods. Disclaimer Educational Purposes: This indicator is intended for educational and informational purposes only. No Financial Advice: It does not constitute financial advice. Always consult with a professional financial advisor. Risk Warning: Trading involves significant risk, and past performance is not indicative of future results. Personal Responsibility: Users are responsible for their own trading decisions.
Pine Script™ indicator
by BitcoinBellezza