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3 EMAs w G/D Cross// This script plots three Exponential Moving Averages (EMAs): 20, 50, and 200. // It highlights key trend signals by detecting: // 🔹 Golden Cross – when the 50 EMA crosses above the 200 EMA (bullish signal) // 🔹 Death Cross – when the 50 EMA crosses below the 200 EMA (bearish signal) // // A green cross will appear above the bar for a Golden Cross, // and a red cross will appear below the bar for a Death Cross. // // These crossovers are commonly used to identify long-term trend shifts in the market. // Suitable for trend-following strategies and identifying entry/exit zones. // // Script developed for educational and analytical use on TradingView. bu BusMart
Pine Script® indicator
by Chef_key
High/Low Day + OperacionaisThis TradingView indicator plots the high and low of the current trading day with solid horizontal lines and corresponding labels. Additionally, it offers the option to display two sets of dashed horizontal lines based on user-defined distances from the day's high and low. **Key Features:** * **Current Day's High and Low:** Clearly marks the highest and lowest price reached so far during the current trading day with solid green and red lines, respectively, accompanied by "High Day" and "Low Day" labels. * **Operational Levels:** Provides two independent operational setups with customizable distances and visibility: * **Operational 01:** Plots a pair of dashed lines at a specified positive distance above the day's high and a negative distance below the day's low. This is configured using the "Distância Op. 01 (Pontos)" and "Mostrar Op. 01 (+/- Distância)" settings, with a customizable color ("Cor Op. 01"). * **Operational 02:** Plots another pair of dashed lines at a specified negative distance below the day's high and a positive distance above the day's low. This is configured using the "Distância Op. 02 (Pontos)" and "Mostrar Op. 02 (-/+ Distância)" settings, with a customizable color ("Cor Op. 02"). * **Customizable Distances:** Users can independently define the distance in points for each operational setup. * **Individual Visibility:** Users can choose to show or hide each operational setup independently. * **Color Options:** Users can customize the color of the dashed lines for each operational setup. * **"Show Current Day Lines" Toggle:** A simple option to turn the display of the current day's high and low lines and labels on or off. **How it Works:** The indicator detects the start of a new trading day based on the chart's timeframe. It then tracks the highest and lowest prices reached within that day. The solid lines and labels for the day's high and low are updated dynamically as new highs or lows are made. The dashed lines for each operational level are calculated based on the configured distances from the current day's high and low and are also updated in real-time.
Pine Script® indicator
by EduWarlock
CVD (Cumulative Volume Delta) Cumulative Volume Delta Use a moving average with three different I thought about determining the volatility and direction of the price of the stock price and finding a place to break through. I made some Mistake coz I'm new corder I'm reposting this simple script due to house rule violation. (Whatever can haha) 😁 I'm erasing all the comments in my native language that I had in my script... I thought it would make the User uncomfortable, so I locked the code, and I thought maybe that's the problem Anyway, I'm sorry 😅
Pine Script® indicator
by RUpward
Aurora Flow Oscillator [QuantAlgo]The Aurora Flow Oscillator is an advanced momentum-based technical indicator designed to identify market direction, momentum shifts, and potential reversal zones using adaptive filtering techniques. It visualizes price momentum through a dynamic oscillator that quantifies trend strength and direction, helping traders and investors recognize momentum shifts and trading opportunities across various timeframes and asset class. 🟢 Technical Foundation The Aurora Flow Oscillator employs a sophisticated mathematical approach with adaptive momentum filtering to analyze market conditions, including: Price-Based Momentum Calculation: Calculates logarithmic price changes to measure the rate and magnitude of market movement Adaptive Momentum Filtering: Applies an advanced filtering algorithm to smooth momentum calculations while preserving important signals Acceleration Analysis: Incorporates momentum acceleration to identify shifts in market direction before they become obvious Signal Normalization: Automatically scales the oscillator output to a range between -100 and 100 for consistent interpretation across different market conditions The indicator processes price data through multiple filtering stages, applying mathematical principles including exponential smoothing with adaptive coefficients. This creates an oscillator that dynamically adjusts to market volatility while maintaining responsiveness to genuine trend changes. 🟢 Key Features & Signals 1. Momentum Flow and Extreme Zone Identification The oscillator presents market momentum through an intuitive visual display that clearly indicates both direction and strength: Above Zero: Indicates positive momentum and potential bullish conditions Below Zero: Indicates negative momentum and potential bearish conditions Slope Direction: The angle and direction of the oscillator provide immediate insight into momentum strength Zero Line Crossings: Signal potential trend changes and new directional momentum The indicator also identifies potential overbought and oversold market conditions through extreme zone markings: Upper Zone (>50): Indicates strong bullish momentum that may be approaching exhaustion Lower Zone (<-50): Indicates strong bearish momentum that may be approaching exhaustion Extreme Boundaries (±95): Mark potentially unsustainable momentum levels where reversals become increasingly likely These zones are displayed with gradient intensity that increases as the oscillator moves toward extremes, helping traders and investors: → Identify potential reversal zones → Determine appropriate entry and exit points → Gauge overall market sentiment strength 2. Customizable Trading Style Presets The Aurora Flow Oscillator offers pre-configured settings for different trading approaches: Default (80,150): Balanced configuration suitable for most trading and investing situations. Scalping (5,80): Highly responsive settings for ultra-short-term trades. Generates frequent signals and catches quick price movements. Best for 1-15min charts when making many trades per day. Day Trading (8,120): Optimized for intraday movements with faster response than default settings while maintaining reasonable signal quality. Ideal for 5-60min or 4h-12h timeframes. Swing Trading (10,200): Designed for multi-day positions with stronger noise filtering. Focuses on capturing larger price swings while avoiding minor fluctuations. Works best on 1-4h and daily charts. Position Trading (14,250): For longer-term position traders/investors seeking significant market trends. Reduces false signals by heavily filtering market noise. Ideal for daily or even weekly charts. Trend Following (16,300): Maximum smoothing that prioritizes established directional movements over short-term fluctuations. Best used on daily and weekly charts, but can also be used for lower timeframe trading. Countertrend (7,100): Tuned to detect potential reversals and exhaustion points in trends. More sensitive to momentum shifts than other presets. Effective on 15min-4h charts, as well as daily and weekly charts. Each preset automatically adjusts internal parameters for optimal performance in the selected trading context, providing flexibility across different market approaches without requiring complex manual configuration. 🟢 Practical Usage Tips 1/ Trend Analysis and Interpretation → Direction Assessment: Evaluate the oscillator's position relative to zero to determine underlying momentum bias → Momentum Strength: Measure the oscillator's distance from zero within the -100 to +100 range to quantify momentum magnitude → Trend Consistency: Monitor the oscillator's path for sustained directional movement without frequent zero-line crossings → Reversal Detection: Watch for oscillator divergence from price and deceleration of movement when approaching extreme zones 2/ Signal Generation Strategies Depending on your trading approach, multiple signal strategies can be employed: Trend Following Signals: Enter long positions when the oscillator crosses above zero Enter short positions when the oscillator crosses below zero Add to positions on pullbacks while maintaining the overall trend direction Countertrend Signals: Look for potential reversals when the oscillator reaches extreme zones (±95) Enter contrary positions when momentum shows signs of exhaustion Use oscillator divergence with price as additional confirmation Momentum Shift Signals: Enter positions when oscillator changes direction after establishing a trend Exit positions when oscillator direction reverses against your position Scale position size based on oscillator strength percentage 3/ Timeframe Optimization The indicator can be effectively applied across different timeframes with these considerations: Lower Timeframes (1-15min): Use Scalping or Day Trading presets Focus on quick momentum shifts and zero-line crossings Be cautious of noise in extreme market conditions Medium Timeframes (30min-4h): Use Default or Swing Trading presets Look for established trends and potential reversal zones Combine with support/resistance analysis for entry/exit precision Higher Timeframes (Daily+): Use Position Trading or Trend Following presets Focus on major trend identification and long-term positioning Use extreme zones for position management rather than immediate reversals 🟢 Pro Tips Price Momentum Period: → Lower values (5-7) increase sensitivity to minor price fluctuations but capture more market noise → Higher values (10-16) emphasize sustained momentum shifts at the cost of delayed response → Adjust based on your timeframe (lower for shorter timeframes, higher for longer timeframes) Oscillator Filter Period: → Lower values (80-120) produce more frequent directional changes and earlier response to momentum shifts → Higher values (200-300) filter out shorter-term fluctuations to highlight dominant market cycles → Match to your typical holding period (shorter holding time = lower filter values) Multi-Timeframe Analysis: → Compare oscillator readings across different timeframes for confluence → Look for alignment between higher and lower timeframe signals → Use higher timeframe for trend direction, lower for earlier entries Volatility-Adaptive Trading: → Use oscillator strength to adjust position sizing (stronger = larger) → Consider reducing exposure when oscillator reaches extreme zones → Implement tighter stops during periods of oscillator acceleration Combination Strategies: → Pair with volume indicators for confirmation of momentum shifts → Use with support/resistance levels for strategic entry and exit points → Combine with volatility indicators for comprehensive market context
Pine Script® indicator
by QuantAlgo
4
Advanced Momentum Scanner [QuantAlgo]The Advanced Momentum Scanner is a sophisticated technical indicator designed to identify market momentum and trend direction using multiple exponential moving averages (EMAs), momentum metrics, and adaptive visualization techniques. It is particularly valuable for those looking to identify trading and investing opportunities based on trend changes and momentum shifts across any market and timeframe. 🟢 Technical Foundation The Advanced Momentum Scanner utilizes a multi-layered approach with four different EMA periods to identify market momentum and trend direction: Ultra-Fast EMA for quick trend changes detection (default: 5) Fast EMA for short-term trend analysis (default: 10) Mid EMA for intermediate confirmation (default: 30) Slow EMA for long-term trend identification (default: 100) For momentum detection, the indicator implements a Rate of Change (RoC) calculation to measure price momentum over a specified period. It further enhances analysis by incorporating RSI readings for overbought/oversold conditions, volatility measurements through ATR, and optional volume confirmation. When these elements align, the indicator generates trading signals based on the selected sensitivity mode (Conservative, Balanced, or Aggressive). 🟢 Key Features & Signals 1. Multi-Period Trend Identification The indicator combines multiple EMAs of different lengths to provide comprehensive trend analysis within the same timeframe, displaying the information through color-coded visual elements on the chart. When an uptrend is detected, chart elements are colored with the bullish theme color (default: green/teal). Similarly, when a downtrend is detected, chart elements are colored with the bearish theme color (default: red). During neutral or indecisive periods, chart elements are colored with a neutral gray color, providing clear visual distinction between trending and non-trending market conditions. This visualization provides immediate insights into underlying trend direction without requiring separate indicators, helping traders and investors quickly identify the market's current state. 2. Trend Strength Information Panel The trend panel operates in three different sensitivity modes (Conservative, Aggressive, and Balanced), each affecting how the indicator processes and displays market information. The Conservative mode prioritizes trend sustainability over frequency, showing only strong trend movements with high probability. The Aggressive mode detects early trend changes, providing more frequent signals but potentially more false positives. The Balanced mode offers a middle ground with moderate signal frequency and reliability. Regardless of the selected mode, the panel displays: Current trend direction (UPTREND, DOWNTREND, or NEUTRAL) Trend strength percentage (0-100%) Early detection signals when applicable The active sensitivity mode This comprehensive approach helps traders and investors: → Assess the strength of current market trends → Identify early potential trend changes before full confirmation → Make more informed trading and investing decisions based on trend context 3. Customizable Visualization Settings This indicator offers extensive visual customization options to suit different trading styles and preferences: Display options: → Fully customizable uptrend, downtrend, and neutral colors → Color-coded price bars showing trend direction → Dynamic gradient bands visualizing potential trend channels → Optional background coloring based on trend intensity → Adjustable transparency levels for all visual elements These visualization settings can be fine-tuned through the indicator's interface, allowing traders and investors to create a personalized chart environment that emphasizes the most relevant information for their strategy. The indicator also features a comprehensive alert system with notifications for: New trend formations (uptrend, downtrend, neutral) Early trend change signals Momentum threshold crossovers Other significant market conditions Alerts can be customized and delivered through TradingView's notification system, making it easy to stay informed of important market developments even when you are away from the charts. 🟢 Practical Usage Tips → Trend Analysis and Interpretation: The indicator visualizes trend direction and strength directly on the chart through color-coding and the information panel, allowing traders and investors to immediately identify the current market context. This information helps in assessing the potential for continuation or reversal. → Signal Generation Strategies: The indicator generates potential trading signals based on trend direction, momentum confirmation, and selected sensitivity mode. Users can choose between Conservative (fewer but more reliable signals), Balanced (moderate approach), or Aggressive (more frequent but potentially less reliable signals). → Multi-Period Trend Assessment: Through its layered EMA approach, the indicator enables users to understand trend conditions across different lookback periods within the same timeframe. This helps in identifying the dominant trend and potential turning points. 🟢 Pro Tips Adjust EMA periods based on your timeframe: → Lower values for shorter timeframes and more frequent signals → Higher values for higher timeframes and more reliable signals Fine-tune sensitivity mode based on your trading style: → "Conservative" for position trading/long-term investing and fewer false signals → "Balanced" for swing trading/medium-term investing with moderate signal frequency → "Aggressive" for scalping/day trading and catching early trend changes Look for confluence between components: → Strong trend strength percentage and direction in the information panel → Overall market context aligning with the expected direction Use for multiple trading approaches: → Trend following during strong momentum periods → Counter-trend trading at band extremes during overextension → Early trend change detection with sensitivity adjustments → Stop loss placement using dynamic bands Combine with: → Volume indicators for additional confirmation → Support/resistance analysis for strategic entry/exit points → Multiple timeframe analysis for broader market context
Pine Script® indicator
by QuantAlgo
13
Change of Character FanChange of Character Fan Overview The Change of Character Fan is designed to help traders detect shifts (changes of character) in market direction and sentiment before they become fully visible through traditional candlestick analysis. Instead of relying solely on the shape or close of candlesticks, this indicator offers a direct, real-time look at the internal price action occurring within a single bar. This visibility into intrabar dynamics can potentially allow traders to enter or exit trades earlier, minimize false signals, and reduce their dependence on multiple lower-timeframe charts. How it Works: The indicator plots a "fan" consisting of five distinct slope lines within the current bar. Each line represents the internal trend of price movement based on user-defined lower timeframe data intervals. By default, these intervals are set to 3, 5, 8, 13, and 21 samples from 1-second timeframe data. Each line only appears when it has collected the minimum required number of intrabar data points. The fan lines use a progressive opacity scale (lighter to darker), visually highlighting the confidence level or probability of directional continuation within the current bar. At the open of every new bar, the fan disappears completely and gradually reappears as new data is gathered, ensuring clarity and eliminating outdated signals. Understanding the Mathematics: Linear Regression Model This indicator is built around the concept of a linear regression model. Linear regression is a statistical technique used to model and analyze relationships between variables—in this case, time (independent variable) and price (dependent variable). How Linear Regression Works: Linear regression fits a straight line (called a "line of best fit") through a set of data points, minimizing the overall distance between each point and the line itself. Mathematically, this is achieved by minimizing the squared differences (errors) between the observed values (actual prices) and the predicted values (prices on the line). The linear model used here can be expressed in the form: y = mx + b where: 𝑦 y is the predicted price, 𝑥 x represents time (each data sample interval), 𝑚 m is the slope of the line, representing the direction and velocity of the trend, 𝑏 b is the intercept (the theoretical price when x=0). Why a Linear Model is Beneficial in this Indicator: Simplicity and Reliability: Linear regression is simple, robust, and widely accepted as a baseline predictive model. It requires minimal computational resources, providing instant updates in real-time trading conditions. Immediate Directional Feedback: The slope derived from linear regression immediately communicates the directional tendency of recent price action. A positive slope indicates upward pressure, and a negative slope signals downward pressure. Noise Reduction: Even when price fluctuations are noisy or erratic, linear regression summarizes overall direction clearly, making it easier to detect genuine directional shifts (change of character) rather than random price noise. Intrabar Analysis: Traditional candlestick analysis relies on fully formed candles, potentially delaying signals. By using linear regression on very short-term (intrabar) data, traders can detect shifts in momentum more quickly, providing an earlier signal than conventional candle patterns alone. Practical Application: This indicator helps traders to visually identify: Early Trend Reversals: Intrabar analysis reveals momentum shifts potentially signaling reversals before they become obvious on conventional candles. Momentum Continuations: Confidence is gained when all lines in the fan are clearly pointing in the same direction, indicating strong intrabar conviction. Reduced False Signals: Traditional candlestick signals (e.g., hammer candles) sometimes produce false signals due to intrabar noise. By looking directly into intrabar dynamics, traders gain better context on whether candle patterns reflect genuine directional change or merely noise. Important Requirements and Recommendations: Subscription Requirements: A TradingView subscription that supports sub-minute data (e.g., 1-second or 5-second resolution) is strongly recommended. If your subscription doesn't include this data granularity, you must use a 1-minute lower timeframe, significantly reducing responsiveness. In this scenario, it's best suited for a 15-minute or higher chart, adjusting intervals to shorter periods. Live Data Essential: Real-time market data subscription is essential for the accuracy and effectiveness of this indicator. Using delayed data reduces responsiveness and weakens the indicator's primary advantage. Recommended Settings for Different Chart Timeframes: 1-minute chart: Use 1-second lower timeframe intervals (default intervals: 3, 5, 8, 13, 21). 5-minute chart: Adjust to a 5- or 10-second lower timeframe, possibly reducing intervals to shorter periods (e.g., 3, 5, 8, 10, 12). 15-minute or higher charts: Adjust lower timeframe to 1-minute if granular data is unavailable, with reduced interval lengths to maintain responsiveness. Conclusion: The Change of Character Fan empowers traders with early insight into directional shifts within each candle, significantly enhancing reaction speed, signal accuracy, and reducing dependency on multiple charts. Built on robust linear regression mathematics, it combines clarity, responsiveness, and ease-of-use in a powerful intrabar analysis tool. Trade smarter, see sooner, and react faster.
Pine Script® indicator
by garysebastianbrowniii
ballenas by ErnestoWhat does this indicator do? High Volume: Calculates the average volume of the last n candles (configurable). Marks candles with volume greater than the average multiplied by a factor (adjustable). Candle Body: Marks candles with a large body compared to their range (adjustable ratio). Direction: Green circle (buy): When the candle is bullish (close > open) and meets high volume and a large body. Red circle (sell): When the candle is bearish (close < open) with high volume and a large body. Automatic alerts: You will receive an alert when an institutional buy or sell is detected. 📊 How to use it? Open the Pine Editor in TradingView. Copy and paste this code. Click Save and then Add to Chart. Configure alerts according to your needs. With this, you'll have a real-time indicator that displays circles on the candle itself when large volume purchases or sales are detected.
Pine Script® indicator
by Ernesto1717
ballenas by ErnestoWhat does this indicator do? High Volume: Calculates the average volume of the last n candles (configurable). Marks candles with volume greater than the average multiplied by a factor (adjustable). Candle Body: Marks candles with a large body compared to their range (adjustable ratio). Direction: Green circle (buy): When the candle is bullish (close > open) and meets high volume and a large body. Red circle (sell): When the candle is bearish (close < open) with high volume and a large body. Automatic alerts: You will receive an alert when an institutional buy or sell is detected. 📊 How to use it? Open the Pine Editor in TradingView. Copy and paste this code. Click Save and then Add to Chart. Configure alerts according to your needs. With this, you'll have a real-time indicator that displays circles on the candle itself when large volume purchases or sales are detected.
Pine Script® indicator
by Ernesto1717
Session Breakouts & Trend Indicator# Session Breakouts & Trend Indicator This indicator identifies high-probability trading opportunities by tracking key intraday sessions and their breakouts while aligning them with the overall market trend direction. ## What Makes This Indicator Unique Unlike standard breakout indicators that only identify when price crosses a threshold, this indicator: - Dynamically identifies and tracks important daily sessions (default: AM 09:00-10:00 and PM 15:00-16:00) - Determines trend direction using a triple EMA system (20/50/200) - Shows when breakouts align with the overall trend (higher probability setups) - Provides visual confirmation with session ranges, breakout levels, and background highlighting - Includes a comprehensive information panel showing trend/session alignment ## How It Works The indicator tracks two important daily sessions: 1. **AM Session**: Typically the first hour of trading (default: 09:00-10:00) 2. **PM Session**: Typically the last hour of trading (default: 15:00-16:00) For each session, it: - Marks the high and low range - Establishes breakout levels above/below these ranges - Detects when price breaks beyond these levels - Determines if the breakout aligns with the prevailing trend The trend is calculated using three EMAs (20, 50, 200) for reliable trend identification. ## How To Use 1. Apply the indicator to your chart (works best on 5-minute timeframes) 2. Adjust session times to match your trading schedule if needed 3. Watch for breakouts above session highs (bullish) or below session lows (bearish) 4. Check the information panel to see if the breakout aligns with the trend 5. Enter trades in the direction of trend-aligned breakouts for higher probability setups 6. Set stop losses below the opposite side of the session range ## Settings - **Session Times**: Customize AM and PM session times - **EMA Lengths**: Adjust trend determination sensitivity - **Visualization Options**: Toggle display of sessions, breakouts, and VWAP - **Alert Settings**: Configure alerts for breakouts and trend-aligned conditions This indicator is valuable for day traders and swing traders looking for objective entry points with higher probability of success.
Pine Script® indicator
by patrickamp
Supertrend Hombrok BotSupertrend Hombrok Bot – Automated Trading Strategy for Dynamic Market Conditions This trading strategy script has been developed to operate automatically based on detailed market conditions. It combines the popular Supertrend indicator, RSI (Relative Strength Index), Volume, and ATR (Average True Range) to determine the best entry and exit points while maintaining proper risk management. Key Features: Supertrend as the Base: Uses the Supertrend indicator to identify the market's trend direction, generating buy signals when the market is in an uptrend and sell signals when in a downtrend. RSI Filter: The RSI is used to determine overbought and oversold conditions, helping to avoid entries in extreme market conditions. Entries are avoided when RSI > 70 (overbought) and RSI < 30 (oversold), reducing the risk of false movements. Volume Filter: The strategy checks if the trading volume is above the average multiplied by a user-defined factor. This ensures that only significant movements, with higher liquidity, are considered. Candle Body Size: The strategy filters only candles with a body large enough relative to the ATR (Average True Range), ensuring that the price movements on the chart have sufficient strength. Risk Management: The bot is configured to operate with an adjustable Risk/Reward Ratio (R:R). This means that for each trade, both Take Profit (TP) and Stop Loss (SL) are adjusted based on the market's volatility as measured by the ATR. Automatic Entries and Exits: The script automatically executes entries based on the specified conditions and exits with predefined Stop Loss and Take Profit levels, ensuring risk is controlled for each trade. How It Works: Buy Condition: Triggered when the market is in an uptrend (Supertrend), the volume is above the adjusted average, the candle body is strong enough, and the RSI is below the overbought level. Sell Condition: Triggered when the market is in a downtrend (Supertrend), the volume is above the adjusted average, the candle body is strong enough, and the RSI is above the oversold level. Alerts: Buy and Sell Alerts are configured with detailed information, including Stop Loss and Take Profit values, allowing the user to receive notifications when trading conditions are met. Capital Management: The capital per trade can be adjusted based on account size and risk profile. Important Note: Always test before trading with real capital: While the strategy has been designed based on solid technical analysis methods, always perform tests in real-time market conditions with demo accounts before applying the bot in live trading. Disclaimer: This script is a tool to assist in the trading process and does not guarantee profit. Past performance is not indicative of future results, and the trader is always responsible for their investment decisions.
Pine Script® strategy
by sidimarvinicius