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Supra BINANCE:BTCUSDT.P Strategy Description: This advanced trading strategy combines linear regression, volatility bands, and a Kalman filter to generate precise buy and sell signals, while incorporating robust risk management through fixed stop-loss and dynamic trailing stop mechanisms. Core Features: Trend Detection: A linear regression line is calculated to assess the market’s trend direction over a customizable period (default: 14 bars). Mean Reversion: Volatility bands are constructed around an Exponential Moving Average (EMA) using a standard deviation multiplier (default: 2.3) to pinpoint overbought and oversold conditions. Noise Reduction: A Kalman filter smooths price data with an adjustable gain (default: 21), improving signal reliability. Risk Management: Features a fixed stop-loss (default: 2%) to cap losses and a trailing stop (default activation: 1%, trailing: 1%) to lock in profits as the price moves favorably. Signal Logic: Buy Signal: Triggered when the linear regression line crosses above the lower volatility band, indicating a potential upward reversal from an oversold state. Sell Signal: Activated when the linear regression line crosses below the upper volatility band, with the closing price below the Kalman filter as confirmation, suggesting a downward reversal from an overbought state. Position Management: Closes any opposing position (e.g., a short position on a buy signal) to maintain a single directional stance. Activates a trailing stop once the price moves favorably by a set percentage, dynamically adjusting to secure gains while allowing room for market fluctuations. Visual Aids: EMA Line: Blue line showing the exponential moving average (default period: 50). Upper Band: Red line marking the upper volatility threshold. Lower Band: Green line marking the lower volatility threshold. Kalman Filter: Orange line displaying smoothed price data. Linear Regression: White line illustrating the trend direction. Signal Markers: Green upward triangles for buy signals, red downward triangles for sell signals. Customization: Tailor the strategy to your preferences by adjusting parameters like regression length, EMA period, band multiplier, Kalman gain, stop-loss percentage, and trailing stop settings to suit various markets and timeframes. Disclaimer: This strategy is designed for educational purposes. Thoroughly backtest and validate its performance in your chosen market before applying it to live trading. Use alongside other analysis for best results. This description is concise yet detailed, making it easy for TradingView users to understand the strategy’s mechanics, purpose, and customization options while emphasizing the importance of testing. Let me know if you'd like any adjustments!
Pine Script® strategy
by YuKiRa_aa
SuperTrader Trend Analysis and Trade Study DashboardSuperTrader Trend Analysis and Trade Study Dashboard Overview This script offers a multi-faceted look at market behavior. It combines signals from different momentum indicators, daily cross checks, and a specialized dashboard to reveal trend strength, potential divergences, and how far price has traveled from its recent averages. Three Musketeers Method This script uses a special set of three indicators (the “Three Musketeers”) to determine bullish or bearish pressure on the current chart. Trend Condition – Compares fast vs. slow EMAs (50 and 200) and checks which side of the line price is favoring. Mean Reversion Condition – Watches RSI crossing typical oversold or overbought thresholds (e.g., crossing above 30 or below 70). Bollinger Condition – Checks whether price pushes above/below the Bollinger Bands (based on a 20 SMA + standard deviations). When at least two out of these three conditions align in a bullish way, the script issues a Buy Signal . Conversely, if at least two align in a bearish way, a Sell Signal is triggered. This “Three Musketeers” synergy ensures multiple confirmations before calling a potential market turn. Mag 8 Daily Performance The script tracks eight highly influential stocks (AAPL, AMZN, GOOG, NFLX, NVDA, TSLA, META, MSFT) to see which are green (higher) or red (lower) compared to yesterday’s close. It then prints a quick tally – helpful in gauging overall market mood via these major players. Golden / Death Cross Signals On a daily time frame, the script notes when the 50-day SMA crosses above or below the 200-day SMA. A “Golden Cross” often signals rising momentum, while a “Death Cross” can hint at oncoming weakness. RSI & Divergence Checks RSI helps identify hidden turning points. Whenever a bullish or bearish divergence is spotted, the script updates you via a concise readout. Hardcoded Settings EMA lengths for trend checks, Bollinger parameters, etc., are locked in, letting you focus on adjusting only the pivotal study inputs (e.g., RSI length, VIDYA momentum). VIDYA Trend Line & Fill Built on an adaptive Variable Index Dynamic Average, it plots a line that quickly reacts to changing momentum. Users can set a “Trend Band Distance” to mark ATR-based thresholds around that line, identifying possible breakouts or breakdowns. YoYo Distance This concept measures how far price strays from SMA(10). If it’s too far, the script colors your display to indicate potential snapbacks. Gap Up/Down Probability By weighing volume, MACD signals, and whether price sits above/below its midrange, the script estimates probabilities of a gap up or down on the next daily candle. Table Output & Trend Label Turning on Show Table Widget reveals a quick dashboard on the chart detailing RSI, CCI, divergences, bull/bear scores, and more. A label on the last bar further summarizes overall trend, gap distance, and the Mag 8 snapshot – perfect for a fast read of current market posture. Use this script to unify multiple signals in one place, see how far price has ventured from typical patterns, and get daily cross signals plus real-time bullish/bearish calls – all at a glance.
Pine Script® indicator
by Midgar-
6
Short Selling DetectionExplanation of Candlestick Patterns: Bearish Engulfing: The previous candle is bullish (close > open), and the current candle is bearish (close < open). The current candle's open is higher than the previous candle's close, and the current candle's close is lower than the previous candle's open. Shooting Star: The current candle is bearish (close < open). The difference between the high and close is more than twice the difference between the open and close, and the close is above the low. Dark Cloud Cover: The current candle is bearish (close < open). The close is below half the previous candle's body (open - (high - low) * 0.5). The Shooting Star and Dark Cloud Cover patterns were manually defined as well. You can set alerts based on the "Short Selling Signal" condition, which will notify you of potential short-selling opportunities.
Pine Script® indicator
by fourballast
Reversal + Confirm ZonesThis script is written in Pine Script (version 5) for TradingView and creates an indicator called **"Reversal + Confirm Zones"**. It overlays visual zones on a price chart to identify potential reversal points and confirmation signals for trading. The indicator combines **Bollinger Bands** and **RSI** to detect overbought/oversold conditions (reversal zones) and uses **EMA crosses** and **MACD zero-line crosses** to confirm bullish or bearish trends. Below is a detailed explanation: --- ### **1. Purpose** - The script highlights: - **Reversal Zones**: Areas where the price might reverse due to being overbought (green) or oversold (red). - **Confirmation Zones**: Areas where a trend reversal is confirmed using EMA and MACD signals (green for bullish, red for bearish). - It provides visual backgrounds and alerts to assist traders in spotting potential trade setups. --- ### **2. Components** The script is divided into two main parts: **Reversal Logic** and **Confirmation Logic**. --- ### **3. Reversal Logic (Red & Green Zones)** #### **Bollinger Bands** - **Parameters**: - Length: 20 periods. - Source: Closing price (`close`). - Multiplier: 2.0 (standard deviations). - **Calculation**: - `basis`: 20-period Simple Moving Average (SMA). - `dev`: 2 times the standard deviation of the price over 20 periods. - `upper`: `basis + dev` (upper band). - `lower`: `basis - dev` (lower band). - **Purpose**: Identifies when the price moves outside the normal range (beyond 2 standard deviations). #### **Relative Strength Index (RSI)** - **Parameters**: - Length: 14 periods. - Low Threshold: 30 (oversold). - High Threshold: 70 (overbought). - **Calculation**: `rsiValue = ta.rsi(close, rsiLength)`. - **Purpose**: Measures momentum to confirm overbought or oversold conditions. #### **Zone Conditions** - **Red Zone (Oversold)**: - Condition: `close < lower` (price below lower Bollinger Band) AND `rsiValue < rsiLowThreshold` (RSI < 30). - Visual: Light red background (`color.new(color.red, 80)`). - Alert: "Deep Oversold Signal triggered!". - **Green Zone (Overbought)**: - Condition: `close > upper` (price above upper Bollinger Band) AND `rsiValue > rsiHighThreshold` (RSI > 70). - Visual: Light green background (`color.new(color.green, 80)`). - Alert: "Deep Overbought Signal triggered!". #### **Interpretation** - Red Zone: Suggests the price is oversold and may reverse upward. - Green Zone: Suggests the price is overbought and may reverse downward. --- ### **4. Confirmation Logic (EMA and MACD Crosses)** #### **Exponential Moving Averages (EMAs)** - **Parameters**: - Short EMA Length: 9 periods (user adjustable). - Long EMA Length: 21 periods (user adjustable). - **Calculation**: - `emaShort = ta.ema(close, emaShortLength)`. - `emaLong = ta.ema(close, emaLongLength)`. - **Conditions**: - **Bullish EMA Cross**: `emaCrossBullish = ta.crossover(emaShort, emaLong)` (9 EMA crosses above 21 EMA). - **Bearish EMA Cross**: `emaCrossBearish = ta.crossunder(emaShort, emaLong)` (9 EMA crosses below 21 EMA). #### **MACD** - **Parameters**: - Fast Length: 12 periods (user adjustable). - Slow Length: 26 periods (user adjustable). - Signal Smoothing: 9 periods (user adjustable). - **Calculation**: - ` = ta.macd(close, macdFastLength, macdSlowLength, macdSignalSmoothing)`. - Only the MACD line and signal line are used; the histogram is ignored (`_`). - **Conditions**: - **Bullish MACD Cross**: `macdCrossBullish = ta.crossover(macdLine, 0)` (MACD crosses above zero). - **Bearish MACD Cross**: `macdCrossBearish = ta.crossunder(macdLine, 0)` (MACD crosses below zero). #### **Combined Confirmation Conditions** - **Bullish Confirmation**: - Condition: `bullishConfirmation = emaCrossBullish and macdCrossBullish`. - Visual: Very light green background (`color.new(color.green, 90)`). - Meaning: A bullish trend is confirmed when the 9 EMA crosses above the 21 EMA AND the MACD crosses above zero. - **Bearish Confirmation**: - Condition: `bearishConfirmation = emaCrossBearish and macdCrossBearish`. - Visual: Very light red background (`color.new(color.red, 90)`). - Meaning: A bearish trend is confirmed when the 9 EMA crosses below the 21 EMA AND the MACD crosses below zero. --- ### **5. Visual Outputs** - **Reversal Zones**: - Red background for oversold conditions. - Green background for overbought conditions. - **Confirmation Zones**: - Light green background for bullish confirmation. - Light red background for bearish confirmation. - Note: The script does not plot the Bollinger Bands, EMAs, or MACD lines—only the background zones are visualized. --- ### **6. Alerts** - **Deep Oversold Alert**: Triggers when the red zone condition is met. - **Deep Overbought Alert**: Triggers when the green zone condition is met. - No alerts are set for the confirmation zones (EMA/MACD crosses). --- ### **7. How It Works** 1. **Reversal Detection**: - The script uses Bollinger Bands and RSI to flag extreme price levels (red for oversold, green for overbought). - These zones suggest potential reversals but are not confirmed yet. 2. **Trend Confirmation**: - EMA crosses (9/21) and MACD zero-line crosses provide confirmation of a trend direction. - Bullish confirmation (green) occurs when both indicators align upward. - Bearish confirmation (red) occurs when both indicators align downward. 3. **Trading Strategy**: - Look for a red zone (oversold) followed by a bullish confirmation for a potential long entry. - Look for a green zone (overbought) followed by a bearish confirmation for a potential short entry. --- ### **8. How to Use** 1. Add the script to TradingView. 2. Adjust inputs (EMA lengths, MACD settings) if desired. 3. Monitor the chart: - Red zones indicate oversold conditions—watch for a potential upward reversal. - Green zones indicate overbought conditions—watch for a potential downward reversal. - Light green/red backgrounds confirm the trend direction after a reversal zone. 4. Set up alerts for oversold/overbought conditions to catch reversal signals early. --- ### **9. Key Features** - **Dual Purpose**: Combines reversal detection (Bollinger Bands + RSI) with trend confirmation (EMA + MACD). - **Visual Simplicity**: Uses background colors instead of plotting lines, keeping the chart clean. - **Customizable**: Allows users to tweak EMA and MACD periods. - **Alerts**: Notifies users of extreme conditions for timely action. --- ### **10. Limitations** - No plotted indicators (e.g., Bollinger Bands, EMAs, MACD) for visual reference—relies entirely on background shading. - Confirmation signals (EMA/MACD) may lag behind reversal zones, potentially missing fast reversals. - No alerts for confirmation zones, limiting real-time notification of trend confirmation. This script is ideal for traders who want a straightforward way to spot potential reversals and confirm them with trend-following indicators, all overlaid on the price chart.
Pine Script® indicator
by skrillionaire1
Moving Average Convergence DivergenceThis script is written in Pine Script (version 6) for TradingView and implements the **Moving Average Convergence Divergence (MACD)** indicator. The MACD is a popular momentum oscillator used to identify trend direction, strength, and potential reversals. This version includes customizable inputs, visual enhancements (like crossover markers), and alerts for key events. Below is a detailed explanation of the script: --- ### **1. Purpose** - The script calculates and displays the MACD line, signal line, and histogram. - It highlights key events such as MACD/signal line crossovers and zero-line crosses with shapes and colors. - It provides alerts for changes in the histogram's direction (rising to falling or vice versa). --- ### **2. User Inputs** - **Fast Length**: Period for the fast moving average (default: 12). - **Slow Length**: Period for the slow moving average (default: 26). - **Source**: Data input for calculation (default: closing price, `close`). - **Signal Smoothing**: Period for the signal line (default: 9, range: 1–50). - **Oscillator MA Type**: Type of moving average for MACD calculation (options: SMA or EMA, default: EMA). - **Signal Line MA Type**: Type of moving average for the signal line (options: SMA or EMA, default: EMA). --- ### **3. MACD Calculation** The MACD is calculated in three parts: 1. **MACD Line**: Difference between the fast and slow moving averages. - Fast MA: Either SMA or EMA of the source over `fast_length`. - Slow MA: Either SMA or EMA of the source over `slow_length`. - Formula: `macd = fast_ma - slow_ma`. 2. **Signal Line**: A moving average (SMA or EMA) of the MACD line over `signal_length`. - Formula: `signal = sma_signal == "SMA" ? ta.sma(macd, signal_length) : ta.ema(macd, signal_length)`. 3. **Histogram**: Difference between the MACD line and the signal line. - Formula: `hist = macd - signal`. --- ### **4. Key Events Detection** #### **MACD/Signal Line Crossovers** - **Bullish Cross**: MACD crosses above the signal line (`ta.crossover(macd, signal)`). - **Bearish Cross**: MACD crosses below the signal line (`ta.crossunder(macd, signal)`). #### **Zero Line Crosses** - **Cross Above Zero**: MACD crosses above 0 (`ta.crossover(macd, 0)`). - **Cross Below Zero**: MACD crosses below 0 (`ta.crossunder(macd, 0)`). --- ### **5. Colors** - **MACD Line**: Green (#089981) if MACD > signal (bullish), red (#f23645) if MACD < signal (bearish). - **Signal Line**: White (`color.white`). - **Histogram**: - Positive (MACD > signal): Light green (#B2DFDB) if decreasing, darker green (#26A69A) if increasing. - Negative (MACD < signal): Light red (#FFCDD2) if increasing in magnitude, darker red (#FF5252) if decreasing in magnitude. - **Zero Line**: Gray with 50% transparency (`color.new(#787B86, 50)`). --- ### **6. Visual Outputs** #### **Plotted Lines** - **MACD Line**: Plotted with dynamic coloring based on its position relative to the signal line. - **Signal Line**: Plotted in white. - **Histogram**: Displayed as columns, with colors indicating direction and momentum. - **Zero Line**: Horizontal line at 0 for reference. #### **Shapes for Key Events** - **Bullish Cross Below Zero**: Green circle on the MACD line when MACD crosses above the signal line while still below zero. - **Bearish Cross Above Zero**: Red circle on the MACD line when MACD crosses below the signal line while still above zero. - **Cross Above Zero**: Green upward label at the zero line when MACD crosses above 0. - **Cross Below Zero**: Red downward label at the zero line when MACD crosses below 0. --- ### **7. Alerts** - **Rising to Falling**: Triggers when the histogram switches from positive (or zero) to negative. - Condition: `hist >= 0 and hist < 0`. - Message: "MACD histogram switched from rising to falling". - **Falling to Rising**: Triggers when the histogram switches from negative (or zero) to positive. - Condition: `hist <= 0 and hist > 0`. - Message: "MACD histogram switched from falling to rising". --- ### **8. How It Works** 1. **Trend Direction**: - MACD above signal line (green) suggests bullish momentum. - MACD below signal line (red) suggests bearish momentum. 2. **Momentum Strength**: - Histogram height shows the strength of the momentum (larger bars = stronger momentum). - Histogram color changes indicate whether momentum is increasing or decreasing. 3. **Reversal Signals**: - Crossovers between MACD and signal lines often signal potential trend changes. - Zero-line crosses indicate shifts between bullish (above 0) and bearish (below 0) territory. --- ### **9. How to Use** 1. Add the script to TradingView. 2. Adjust inputs (e.g., fast/slow lengths, MA types) to suit your trading style. 3. Monitor the chart: - Green MACD and upward histogram bars suggest bullish conditions. - Red MACD and downward histogram bars suggest bearish conditions. - Watch for circles (crossovers) and labels (zero-line crosses) for trade signals. 4. Set up alerts to notify you of histogram direction changes. --- ### **10. Key Features** - **Customization**: Flexible MA types and periods. - **Visual Clarity**: Dynamic colors and shapes highlight key events. - **Alerts**: Notifies users of momentum shifts via histogram changes. - **Intuitive**: Combines all MACD components (line, signal, histogram) in one indicator. This script is ideal for traders who rely on MACD for momentum analysis and want clear visual cues and alerts for decision-making.
Pine Script® indicator
by skrillionaire1
Combined EMA Technical AnalysisThis script is written in Pine Script (version 5) for TradingView and creates a comprehensive technical analysis indicator called "Combined EMA Technical Analysis." It overlays multiple technical indicators on a price chart, including Exponential Moving Averages (EMAs), VWAP, MACD, PSAR, RSI, Bollinger Bands, ADX, and external data from the S&P 500 (SPX) and VIX indices. The script also provides visual cues through colors, shapes, and a customizable table to help traders interpret market conditions. Here’s a breakdown of the script: --- ### **1. Purpose** - The script combines several popular technical indicators to analyze price trends, momentum, volatility, and market sentiment. - It uses color coding (green for bullish, red for bearish, gray/white for neutral) and a table to display key information. --- ### **2. Custom Colors** - Defines custom RGB colors for bullish (`customGreen`), bearish (`customRed`), and neutral (`neutralGray`) signals to enhance visual clarity. --- ### **3. User Inputs** - **EMA Colors**: Users can customize the colors of five EMAs (8, 20, 9, 21, 50 periods). - **MACD Settings**: Adjustable short length (12), long length (26), and signal length (9). - **RSI Settings**: Adjustable length (14). - **Bollinger Bands Settings**: Length (20), multiplier (2), and proximity threshold (0.1% of band width). - **ADX Settings**: Adjustable length (14). - **Table Settings**: Position (e.g., "Bottom Right") and text size (e.g., "Small"). --- ### **4. Indicator Calculations** #### **Exponential Moving Averages (EMAs)** - Calculates five EMAs: 8, 20, 9, 21, and 50 periods based on the closing price. - Used to identify short-term and long-term trends. #### **Volume Weighted Average Price (VWAP)** - Resets daily and calculates the average price weighted by volume. - Color-coded: green if price > VWAP (bullish), red if price < VWAP (bearish), white if neutral. #### **MACD (Moving Average Convergence Divergence)** - Uses short (12) and long (26) EMAs to compute the MACD line, with a 9-period signal line. - Displays "Bullish" (green) if MACD > signal, "Bearish" (red) if MACD < signal. #### **Parabolic SAR (PSAR)** - Calculated with acceleration factors (start: 0.02, increment: 0.02, max: 0.2). - Indicates trend direction: green if price > PSAR (bullish), red if price < PSAR (bearish). #### **Relative Strength Index (RSI)** - Measures momentum over 14 periods. - Highlighted in green if > 70 (overbought), red if < 30 (oversold), white otherwise. #### **Bollinger Bands (BB)** - Uses a 20-period SMA with a 2-standard-deviation multiplier. - Color-coded based on price position: - Green: Above upper band or close to it. - Red: Below lower band or close to it. - Gray: Neutral (within bands). #### **Average Directional Index (ADX)** - Manually calculates ADX to measure trend strength: - Strong trend: ADX > 25. - Very strong trend: ADX > 50. - Direction: Bullish if +DI > -DI, bearish if -DI > +DI. #### **EMA Crosses** - Detects bullish (crossover) and bearish (crossunder) events for: - EMA 9 vs. EMA 21. - EMA 8 vs. EMA 20. - Visualized with green (bullish) or red (bearish) circles. #### **SPX and VIX Data** - Fetches daily closing prices for the S&P 500 (SPX) and VIX (volatility index). - SPX trend: Bullish if EMA 9 > EMA 21, bearish if EMA 9 < EMA 21. - VIX levels: High (> 25, fear), Low (< 15, stability). - VIX color: Green if SPX bullish and VIX low, red if SPX bearish and VIX high, white otherwise. --- ### **5. Visual Outputs** #### **Plots** - EMAs, VWAP, and PSAR are plotted on the chart with their respective colors. - EMA crosses are marked with circles (green for bullish, red for bearish). #### **Table** - Displays a summary of indicators in a customizable position and size. - Indicators shown (if enabled): - EMA 8/20, 9/21, 50: Green dot if bullish, red if bearish. - VWAP: Green if price > VWAP, red if price < VWAP. - MACD: Green if bullish, red if bearish. - MACD Zero: Green if MACD > 0, red if MACD < 0. - PSAR: Green if price > PSAR, red if price < PSAR. - ADX: Arrows for very strong trends (↑/↓), dots for weaker trends, colored by direction. - Bollinger Bands: Arrows (↑/↓) or dots based on price position. - RSI: Numeric value, colored by overbought/oversold levels. - VIX: Numeric value, colored based on SPX trend and VIX level. --- ### **6. Alerts** - Triggers alerts for EMA 8/20 crosses: - Bullish: "EMA 8/20 Bullish Cross on Candle Close!" - Bearish: "EMA 8/20 Bearish Cross on Candle Close!" --- ### **7. Key Features** - **Flexibility**: Users can toggle indicators on/off in the table and adjust parameters. - **Visual Clarity**: Consistent use of green (bullish), red (bearish), and neutral colors. - **Comprehensive**: Combines trend, momentum, volatility, and market sentiment indicators. --- ### **How to Use** 1. Add the script to TradingView. 2. Customize inputs (colors, lengths, table position) as needed. 3. Interpret the chart and table: - Green signals suggest bullish conditions. - Red signals suggest bearish conditions. - Neutral signals indicate indecision or consolidation. 4. Set up alerts for EMA crosses to catch trend changes. This script is ideal for traders who want a multi-indicator dashboard to monitor price action and market conditions efficiently.
Pine Script® indicator
by skrillionaire1
Multi-Dimensional Momentum NavigatorMulti-Dimensional Momentum Navigator: A Comprehensive Guide Description The Multi-Dimensional Momentum Navigator is a sophisticated trading indicator designed to provide traders with an advanced and holistic view of market momentum. By incorporating multiple weighted features such as price levels, volume, moving averages, RSI, volatility, and rate of change, this indicator generates precise buy and sell signals. Additionally, it includes an enhanced volume-RSI momentum system with signal strength to improve market timing and trade execution. How It Works The script consists of two major components: 1. Optimized Trading Indicator This section of the script calculates a trading signal using a weighted sum of various market features. It then defines buy and sell conditions based on the relative strength of the trading signal compared to its moving average. 2. Enhanced Volume RSI Momentum with Signal Strength This section introduces volume-based momentum analysis using volume oscillators, RSI, and ADX (Average Directional Index). It identifies bullish and bearish conditions and includes an early warning system for predictive trading signals. Input Fields and Recommended Values Parameter, Function, and Recommended Values Period - Defines the lookback length for calculations - 14 Open Weight - Weight assigned to the open price - 0.9433 High Weight - Weight assigned to the high price - 0.9273 Low Weight - Weight assigned to the low price - 0.9603 Close Weight - Weight assigned to the close price - 0.0334 Volume Weight - Weight assigned to volume - 0.1838 MA 14 Weight - Weight assigned to 14-period SMA - -0.1351 MA 20 Weight - Weight assigned to 20-period SMA - -0.7313 Volatility Weight - Weight assigned to market volatility - 0.0334 BB Middle Weight - Weight assigned to Bollinger Bands Middle Line - 0.0886 RSI Weight - Weight assigned to RSI - -0.8139 EMA Weight - Weight assigned to EMA - 0.2540 ROC Weight - Weight assigned to Rate of Change - 0.5541 VO Short Length - Lookback length for short-term Volume Oscillator - 1 VO Long Length Lookback length for long-term Volume Oscillator 5 RSI Length - Lookback length for RSI calculation - 7 VO Bullish Threshold (%) - Threshold for bullish volume oscillator - 55 VO Bearish Threshold (%) - Threshold for bearish volume oscillator - 55 RSI Bullish Condition - RSI level indicating a bullish signal - 25 RSI Bearish Condition - RSI level indicating a bearish signal - 50 Early Detection Percentage - Percentage of threshold required for early detection -20 ADX Early Threshold - Minimum ADX value for early signal detection - 15 How a Trader Can Use the Indicator Traders can leverage this indicator for: 1. Identifying Market Trends: The trading signal, calculated from multiple weighted indicators, helps determine bullish and bearish trends. 2. Confirming Trade Entries: Buy and sell conditions are plotted directly on the chart, allowing for clear trade signals. 3. Early Warnings for Market Reversals: The enhanced volume-RSI momentum provides early bullish and bearish warnings before price movements. 4. Risk Management: The combination of ADX, RSI, and Volume Oscillators ensures that trade signals are backed by strong market conditions. Understanding the Signals on the Chart • Green Up Arrows: Buy signals, indicating a strong upward momentum. • Red Down Arrows: Sell signals, indicating a strong downward momentum. • Light Green Up Arrows (UP): Confirmation of a buy signal. • Orange Down Arrows (DOWN): Confirmation of a sell signal. • Blue Triangle Up: Early bullish warning, indicating potential upward momentum. • Orange Triangle Down: Early bearish warning, indicating potential downward momentum. How to Use the Indicator for Analysis and Trading Decisions 1. Trend Confirmation: Use the trading signal in conjunction with its moving average to confirm market direction. 2. Volume Analysis: Check if the volume oscillator is above or below its threshold to validate trade entries. 3. Momentum Strength: Use RSI and ADX readings to gauge market momentum before entering trades. 4. Early Entry & Exit: React to early warning signals for proactive market entries or exits. 5. Multi-Timeframe Analysis: Combine signals from different timeframes to strengthen trade conviction. Uniqueness and Originality What sets this indicator apart from traditional technical indicators: 1. Multi-Factor Analysis: Unlike single-indicator approaches, this combines multiple weighted factors for a holistic signal. 2. Dynamic Weighting System: Feature weights allow for customized optimization, making the indicator adaptable to different markets. 3. Predictive Early Warning System: Unlike traditional lagging indicators, this provides early trade warnings for better execution. 4. Enhanced Signal Confirmation: Incorporates multiple independent confirmations to reduce false signals and improve reliability. 5. User-Friendly Visualization: Clearly marked buy/sell and confirmation signals make it easy to interpret and act upon. Conclusion The Multi-Dimensional Momentum Navigator is a powerful, data-driven indicator that enhances trading decisions by leveraging multiple market factors. It provides traders with precise buy and sell signals, early warnings, and momentum confirmations to navigate market trends effectively. Its adaptability, predictive capabilities, and advanced feature integration make it an invaluable tool for any trader seeking a robust edge in the market.
Pine Script® indicator
by DexterMGarcia
11 Trend-Based Buy/Sell Signals + Momentum)Pine Script Breakdown: 11 Trend-Based Buy/Sell Signals + Momentum This Pine Script provides a comprehensive set of buy and sell signals based on various technical indicators and pattern recognition methods. The script uses 11 different possible conditions + momentum to determine when to trigger buy or sell signals, and the signals are visualized using custom shapes and momentum indicators. Below is a detailed breakdown of each section: 1. Exponential Moving Averages (EMA) EMAs with periods of 8, 21, and 55 are calculated: ema8: Short-term trend indicator (red). ema21: Medium-term trend indicator (yellow). ema55: Long-term trend indicator (blue). These EMAs are used for trend direction and are plotted but not displayed on the chart by default. They can be turned on by the user. 2. MACD for Trend Confirmation The MACD is calculated with standard parameters (12, 26, 9). macd_bullish: True when MACD line is above the signal line. macd_bearish: True when MACD line is below the signal line. The MACD is used as an additional trend confirmation tool. 3. VWAP Calculation & Confirmation The VWAP (Volume-Weighted Average Price) is calculated to help identify the general market trend. above_vwap: True when the price is above the VWAP. below_vwap: True when the price is below the VWAP. This condition is used to filter trends for possible buy/sell opportunities. VWAP is not displayed on the chart by default. It can be turned on by the user. 4. EMA Stacking & Reversal EMA Stacking: Bullish Stack: ema8 > ema21 > ema55 — Indicating an uptrend. Bearish Stack: ema8 < ema21 < ema55 — Indicating a downtrend. Reversals: Bullish Reversal: Occurs when the EMA stack changes from bearish to bullish. Bearish Reversal: Occurs when the EMA stack changes from bullish to bearish. 5. Pattern Recognition: Bull and Bear Flags Bull Flag: A higher high, higher low, and bullish candle form a trend continuation pattern. The breakout is confirmed if the price moves above a pullback and EMA8. Bear Flag: A lower high, lower low, and bearish candle form a continuation pattern for a downtrend. The breakdown is confirmed if the price moves below a pullback and EMA8. 6. Pattern Recognition: Triangle Patterns Ascending Triangle: Flat resistance and higher lows create a pattern suggesting upward price movement. A breakout above resistance is confirmed. Descending Triangle: Flat support and lower highs form a bearish pattern. A breakdown below support is confirmed. 7. Adjusted Volume Sensitivity Relative Volume (rvol) is calculated by comparing current volume to the 50-period average volume. High relative volume (high_rvol > 1.5) indicates increased market activity, which is important for momentum signals. 8. Overbought/Oversold Momentum Detection The script calculates a momentum oscillator based on the smoothed relative price movements. momentum_up: When momentum is increasing along with high volume. momentum_down: When momentum is decreasing with high volume. These conditions help detect shifts in market momentum. 9. Bollinger & Keltner Bands Calculation Bollinger Bands and Keltner Bands are calculated to assess market volatility. Squeeze Condition: When the Bollinger and Keltner Bands narrow, indicating a potential breakout. Breakouts are confirmed when the price moves outside the bands. 10. Adjusted 3 Consecutive Candles Condition The script checks for 3 consecutive candles with significant price movement (based on ATR), which can indicate strong momentum. three_bullish_candles: Three consecutive bullish candles. three_bearish_candles: Three consecutive bearish candles. 11. RSI Calculation RSI (Relative Strength Index) is calculated with a 14-period lookback. Buy signal: RSI crosses above 30 (oversold). Sell signal: RSI crosses below 70 (overbought). 12. PPO (Percentage Price Oscillator) Condition The PPO is calculated with 12, 26, and 9 periods. The PPO value is used to detect price momentum: PPO Buy Signal: When the PPO crosses above its signal line. PPO Sell Signal: When the PPO crosses below its signal line. 13. User Input for Conditions to Trigger Buy/Sell User Input: The user can specify a minimum number of conditions (between 1 and 11) that must be met for a buy or sell signal to trigger. The script then checks if the number of conditions that meet the criteria equals or exceeds this threshold to activate the signal. 14. Buy/Sell Signal Adjustments with Patterns Buy Signal Conditions: A combination of various conditions like bullish reversal, MACD bullish, price above VWAP, bull flags, ascending triangles, squeezebreakouts, momentum up, etc. The total number of conditions is counted. Sell Signal Conditions: A combination of bearish reversal, MACD bearish, price below VWAP, bear flags, descending triangles, squeezebreakouts, momentum down, etc. The total number of conditions is similarly counted. A buy signal is triggered when the number of conditions meets or exceeds the user-specified minimum. Similarly, a sell signal is triggered if the conditions for selling are met. 15. Plot Buy, Sell, and Momentum Signals Buy and Sell Signals: Plotted below the candles as green (buy) and red (sell) triangle shapes, depending on the conditions. Momentum Signals: Green and red circles are plotted below the candles to indicate momentum up (green) or down (red), based on high volume and the calculated momentum conditions. 16. Display Buy/Sell Signal Conditions Signal Conditions: Each signal condition (from 1 to 11) is plotted as a number or symbol below the candles. The number 1 through 9 is used. A small star (✦) is used when 10 conditions are met. A large star (✦) is used when all 11 conditions are met. This gives a visual representation of how many conditions were met to trigger the buy or sell signal. 17. Display Buy and Sell Conditions as Labels Buy and sell signals can also display a label showing the number of conditions that were met to trigger the signal, which can be helpful for understanding the strength of the signal. 18. Alerts for Automated Trading Alerts are set up for trading and notifications: Buy Alert: When the buy signal is triggered. Sell Alert: When the sell signal is triggered. Momentum Alert (Up/Down): When there is a momentum shift up or down, combined with high volume. This script combines various indicators and pattern recognition methods to generate robust buy and sell signals, with options for user customization and alerts for trading.
Pine Script® indicator
by LouisMont
Ichimoku CloudDetailed Description of the Pine Script Code for Ichimoku Indicator with Buy/Sell Signals 1. Indicator Declaration: Uses Pine Script version 5. Sets the title to "Enhanced Ichimoku Signals (Buy/Sell on Tenkan-sen)". Displays the indicator directly on the price chart (overlay=true). 2. Ichimoku Parameter Settings: Tenkan-sen (Conversion Line Length): Default period of 9. Kijun-sen (Base Line Length): Default period of 26. Senkou Span B (Leading Span B Length): Default period of 52. Displacement (Lagging Span): Default period of 26. 3. Signal Display Settings: Enables/disables Buy and Sell signals. Allows customization of signal colors: Buy Signal: Green upward arrow. Sell Signal: Red downward arrow. 4. Ichimoku Component Calculations: Donchian Channel: Computes the average between the highest and lowest prices over a defined period. Tenkan-sen: Average of the highest and lowest prices over the last 9 periods. Kijun-sen: Average of the highest and lowest prices over the last 26 periods. Senkou Span A: Average of Tenkan-sen and Kijun-sen. Senkou Span B: Average of the highest and lowest prices over the last 52 periods. 5. Plotting Ichimoku Lines: Plots Tenkan-sen in blue. Plots Kijun-sen in red. 6. Buy/Sell Signal Conditions: Buy Signal: Previous candle closed below Tenkan-sen. Current candle closes above Tenkan-sen. Sell Signal: Previous candle’s high was above or equal to Tenkan-sen. Current candle closes below Tenkan-sen. 7. Displaying Buy/Sell Signals: Buy Signal: Green upward arrow appears below the candle when triggered. Sell Signal: Red downward arrow appears above the candle when triggered. Signal visibility is controlled by showBuySignals and showSellSignals settings. 8. Trade Alerts: Alerts are generated when a Buy or Sell signal is triggered. Notifications specify whether a candle closed above or below Tenkan-sen. 9. Error Handling with plot(na): A dummy plot(na) ensures at least one plot function exists, preventing script errors. Summary of Functionality: Computes Ichimoku lines (Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B). Identifies Buy/Sell signals based on: Candle’s closing position relative to Tenkan-sen. Previous candle’s high/low position. Plots Buy/Sell signals with customizable colors. Triggers alerts for trade signals.
Pine Script® indicator
by khangvitan
LongBuyLongSellConfirmationIndicator3📢 New Update: LongBuyLongSellConfirmationIndicator3 📢 🚀 Buy and Sell Signals Just Got Easier! 🚀 The LongBuyLongSellConfirmationIndicators 1, 2, and 3 now make identifying Buy and Sell signals smoother and more reliable! 🎯 🔔 What's New? ✅ Seamless alert conditions for Buy & Sell signals. ✅ Effortless setup to track market opportunities with precision! 📊 👉 Want to explore the original versions? Check out LongBuyLongSell Confirmation Indicators 1, 2, and 3 together for maximum impact. 💡 Pro Tip: Add all three indicators to your chart for enhanced accuracy and confirmation! 📈 ✅ Best Entry Tip: Take entries when all three indicators turn Green (Buy) or Red (Short) close to each other within the same candle for maximum reliability! 💬 Feedback? We’d love to hear your thoughts! ❤️ All three are free indicator ,Just add to favourites and use this indicator for your better trading.
Pine Script® indicator
by MarxBabu
MM Extend GapsMM Extend Gaps - Advanced Indicator for Gap Detection and Analysis Description: The MM Extend Gaps indicator is designed to identify and track gaps between candles on the chart, which may signal potential trading opportunities. This indicator uses advanced logic and provides precise gap visualizations in real-time, which is invaluable for traders and analysts focused on these price movements. Key Features: *Gap Detection: The indicator automatically identifies bullish (green) and bearish (red) gaps between the current candle and the two previous candles. Gaps are determined by the open and close prices of the candles. *Gap Visualization on the Chart: Gaps are visualized with colored boxes (bullish = green, bearish = red) directly on the chart. Each box shows the gap range, which may be filled in the future. *Higher Timeframe (MTF) Support: You can use it on all timeframes with a large history. *Alert Option: Set up alerts when the price touches a gap, ensuring you don’t miss any trading opportunities. *Customizable Settings: The indicator allows you to customize the colors of the gaps, show filled gaps, and define whether old gaps should be deleted once filled. Benefits for Traders: *Get Accurate Gap Analysis: The indicator provides immediate gap visualization, allowing you to better identify areas with high profit potential. *Enhance Your Trading Strategy: With this information, you can better predict market movements and adjust your trades accordingly. *User-Friendly: With an intuitive interface and customizable settings, MM Extend Gaps is easy to use and offers a wide range of customization options for any trader. *Alerts for Maximum Efficiency: Set alerts for the most important gaps in your trading strategy. Who is this indicator for? Day traders and swing traders who trade based on gaps. Technical analysts who want to better understand market movements and gaps. Stock, forex, and cryptocurrency traders who focus on gap detection.
Pine Script® indicator
by Michal2604
Multi-Timeframe FVG w/ FilteringThis indicator uses timeframes both higher, lower, and equal to your charts timeframe. Enable as many as 5 different timeframes. This indicator has a filtering system that measures volume on Fair Value Gaps. Enable or Disable this setting to show or to not show certain FVG's, because not all FVG's are created equal :) In the settings, under the Advanced Settings section, there are two settings: FVG Length - the value assigned to this setting is the length of bars FVG's will be set to the right. FVG Strength Multiplier - the value assigned to this setting is the multiplier set to the FVG Length when FVG's are in high volume ranges. So, likely, stronger FVG's will appear longer than weaker FVG's. (This effect is not linear) You can enable or disable both bullish and bearish FVG's and change their colors and opacity. As always, feel free to leave any great ideas in the comments or by dm that you may have to improve the indicator! Note that the 5min chart in the display is showing 3min FVG's!
Pine Script® indicator
by justin_ferretti4
3
Smart % Levels📈 Smart % Levels – Visualize Significant Percentage Moves What it does: This indicator plots horizontal levels based on a percentage change from the previous day's close (or open, if selected). It allows traders to visualize price movements relative to meaningful thresholds like ±1%, ±2%, etc. What makes it different: Unlike other level indicators, Smart % Levels only displays the relevant levels based on current price action. This avoids clutter by showing only the levels that are being approached or crossed by the current price. It's a clean and dynamic way to visualize key price zones for intraday analysis. How it works: - Select between using the previous day's Close or Open as the reference - Choose the percentage spacing between levels (e.g., 1%, 0.5%, etc.) - Enable optional labels to see the exact percentage of each level - Automatically filters levels to only show those between yesterday's price and today's current price - Includes customization for colors, line styles, widths, and opacity Best for: Day traders and scalpers who want a quick, clean view of how far the current price has moved from yesterday’s reference, without being overwhelmed by unnecessary lines. Extra notes: - The levels are recalculated each day at the market open - All graphics reset at the start of each session to maintain clarity - This script avoids repainting by only plotting levels relative to available historical data (no lookahead) This tool is for informational purposes only and should not be considered as financial advice. Always do your own research before making trading decisions.
Pine Script® indicator
by Julien_Eche
LongBuyLongSellConfirmationIndictor2📢 New Update: "LongBuyLongSellConfirmationIndicator 2" 📢 🚀 Buy and Sell Signals Simplified! 🚀 The LongBuyLongSell Confirmation Indicator 2 now makes identifying Buy and Sell signals even easier! 🎯 🔔 What's New? ✅ Seamless alert conditions for Buy & Sell signals. ✅ Effortless setup for tracking market opportunities! 📊 👉 Want to explore the original version? Check out LongBuyLongSell Confirmation Indicator 1 here. For Better result ,use LongBuyLongSellConfirmationIndicator1 ,2,3 all are free ,just make it to your favourite and add .Alerts also supported . 💡 Pro Tip: Add 1,2,3 to your chart for maximum accuracy and precision! 📈 💬 Feedback? We’d love to hear your thoughts! ❤️
Pine Script® indicator
by MarxBabu
1
Vertex Flow Indicator (Optimized v2)🔹 **Overview:** The Vertex Flow Indicator is a confluence-based signal generator that combines multiple technical factors to confirm high-quality trend entries. Rather than relying on a single indicator, this tool integrates multiple layers of confirmation from trend direction, momentum, strength, volatility, and volume. This improves precision and reduces false signals, especially in volatile markets. 🔹 **Why combine multiple tools?** Each market condition tells a different part of the story: - A **trend detection layer** confirms whether the market is currently in an uptrend or downtrend. - A **momentum layer** ensures that the market is moving with enough strength in that direction. - A **strength layer** checks for overbought/oversold extremes and filters out weaker signals. - A **volatility filter** prevents trades in low-activity or sideways conditions. - A **volume filter** ensures participation is high enough to support meaningful price movement. By requiring at least two key conditions to align—plus additional filters for volatility and volume—the indicator avoids low-probability setups and only highlights trades with stronger confluence. 🔹 **How to use it:** - Signals are shown as **blue upward labels** for buy signals and **red downward labels** for sell signals. - Works well on trending markets like **XAU/USD**, **Forex**, or **Crypto**, especially on intraday timeframes. - Can be used standalone or as part of a broader trading strategy for confirmation. This script is protected and does not repaint. It's optimized for clarity and speed, and intended for real-time analysis, not hindsight optimization. --- 📌 Important: This indicator is designed for traders who value signal quality over frequency. It will not produce signals in flat or low-volatility markets. 🔹 **中文簡介：** Vertex Flow 是一款多因子確認型的交易指標，透過結合趨勢、動能、強弱、波動與成交量等面向，幫助交易者篩選出較高勝率的進場時機。 每個模組都有其功能定位： - 趨勢：辨別目前市場多空方向 - 動能：檢查當前是否具備加速行情的動能 - RSI 強弱：過濾在極端超買超賣的進場 - ATR 波動：防止在低波動期間進場 - 成交量：過濾流動性不足的情況 只有在這些條件有交集時，才會出現交易信號，避免頻繁出現假訊號。 📌 信號說明： - 買入信號 → 圖上藍色向上標記 - 賣出信號 → 圖上紅色向下標記 本指標適用於如黃金（XAU/USD）、外匯、加密貨幣等高波動資產，特別適合用於短線波段操作。
Pine Script® indicator
by auto1491
QuantJazz Turbine Trader BETA v1.17QuantJazz Turbine Trader BETA v1.17 - Strategy Introduction and User Guide Strategy Introduction Welcome to the QuantJazz Turbine Trader BETA v1.17, a comprehensive trading strategy designed for TradingView. This strategy is built upon oscillator principles, drawing inspiration from the Turbo Oscillator by RedRox, and incorporates multiple technical analysis concepts including RSI, MFI, Stochastic oscillators, divergence detection, and an optional FRAMA (Fractal Adaptive Moving Average) filter. The Turbine Trader aims to provide traders with a flexible toolkit for identifying potential entry and exit points in the market. It presents information through a main signal line oscillator, a histogram, and various visual cues like dots, triangles, and divergence lines directly on the indicator panel. The strategy component allows users to define specific conditions based on these visual signals to trigger automated long or short trades within the TradingView environment. This guide provides an overview of the strategy's components, settings, and usage. Please remember that this is a BETA version (v1.17). While developed with care, it may contain bugs or behave unexpectedly. LEGAL DISCLAIMER: QuantJazz makes no claims about the fitness or profitability of this tool. Trading involves significant risk, and you may lose all of your invested capital. All trading decisions made using this strategy are solely at the user's discretion and responsibility. Past performance is not indicative of future results. Always conduct thorough backtesting and risk assessment before deploying any trading strategy with real capital. This work is licensed under Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International. Core Concepts and Visual Elements The Turbine Trader indicator displays several components in its own panel below the main price chart: 1. Signal Line (Avg & Avg2): This is the primary oscillator. It's a composite indicator derived from RSI, MFI (Money Flow Index), and Stochastic calculations, smoothed using an EMA (Exponential Moving Average). Avg: The faster smoothed signal line. Avg2: The slower smoothed signal line. Color Coding: The space between Avg and Avg2 is filled. The color (Neon Blue/gColor or Neon Purple/rColor) indicates the trend based on the relationship between Avg and Avg2. Blue suggests bullish momentum (Avg > Avg2), while Purple suggests bearish momentum (Avg2 > Avg). Zero Line Crosses: Crossovers of the Avg line with the zero level can indicate shifts in momentum. 2. Histogram (resMfi): This histogram is based on smoothed and transformed MFI calculations (Fast MFI and Slow MFI). Color Coding: Bars are colored Neon Blue (histColorUp) when above zero, suggesting bullish pressure, and Neon Purple (histColorDn) when below zero, suggesting bearish pressure. Transparency is applied. Zero Line Crosses: Crossovers of the histogram with the zero level can signal potential shifts in money flow. 3. Reversal Points (Dots): Dots appear on the Signal Line (specifically on Avg2) when the color changes (i.e., Avg crosses Avg2). Small Dots: Appear when a reversal occurs while the oscillator is in an "extreme" zone (below -60 for bullish reversals, above +60 for bearish reversals). Large Dots: Appear when a reversal occurs outside of these extreme zones. Colors: Blue (gRdColor) for bullish reversals (Avg crossing above Avg2), Purple (rRdColor) for bearish reversals (Avg crossing below Avg2). 4. Take Profit (TP) Signals (Triangles): Small triangles appear above (+120) or below (-120) the zero line. Bearish Triangle (Down, Purple rTpColor): Suggests a potential exit point for long positions or an entry point for short positions, based on the oscillator losing upward momentum above the 50 level. Bullish Triangle (Up, Blue gTpColor): Suggests a potential exit point for short positions or an entry point for long positions, based on the oscillator losing downward momentum below the -50 level. 5. Divergence Lines: The strategy automatically detects and draws potential regular and hidden divergences between the price action (highs/lows) and the Signal Line (Avg). Regular Bullish Divergence (White bullDivColor line, ⊚︎ label): Price makes a lower low, but the oscillator makes a higher low. Suggests potential bottoming. Regular Bearish Divergence (White bearDivColor line, ⊚︎ label): Price makes a higher high, but the oscillator makes a lower high. Suggests potential topping. Hidden Bullish Divergence (bullHidDivColor line, ⊚︎ label): Price makes a higher low, but the oscillator makes a lower low. Suggests potential continuation of an uptrend. Hidden Bearish Divergence (bearHidDivColor line, ⊚︎ label): Price makes a lower high, but the oscillator makes a higher high. Suggests potential continuation of a downtrend. Delete Broken Divergence Lines: If enabled, newer divergence lines originating from a similar point will replace older ones. 6. Status Line: A visual bar at the top (95 to 105) and bottom (-95 to -105) of the indicator panel. Its color intensity reflects the confluence of signals: Score Calculation: +1 if Avg > Avg2, +1 if Avg > 0, +1 if Histogram > 0. Top Bar (Bullish): Bright Blue (gStatColor) if score is 3, Faded Blue if score is 2, Black otherwise. Bottom Bar (Bearish): Bright Purple (rStatColor) if score is 0, Faded Purple if score is 1, Black otherwise. Strategy Settings Explained The strategy's behavior is controlled via the settings panel (gear icon). 1. Date Range: Start Date, End Date: Define the period for backtesting. Trades will only occur within this range. 2. Optional Webhook Configuration: (For Automation) 3C Email Token, 3C Bot ID: Enter your 3Commas API credentials if you plan to automate trading using webhooks. The strategy generates JSON alert messages compatible with 3Commas. You can go ahead and just leave the text field as defaulted, "TOKEN HERE" / "BOT ID HERE" if not using any bot automations at this time. You can always come back later and automate it. More info can be made available from QuantJazz should you need automation assistance with custom indicators and trading strategies. 3. 🚀 Signal Line: Turn On/Off: Show or hide the main signal lines (Avg, Avg2). gColor, rColor: Set the colors for bullish and bearish signal line states. Length (RSI): The lookback period for the internal RSI calculation. Default is 2. Smooth (EMA): The smoothing period for the EMAs applied to the composite signal. Default is 9. RSI Source: The price source used for RSI calculation (default: close). 4. 📊 Histogram: Turn On/Off: Show or hide the histogram. histColorUp, histColorDn: Set the colors for positive and negative histogram bars. Length (MFI): The base lookback period for MFI calculations. Default is 5. Fast and Slow MFI lengths are derived from this. Smooth: Smoothing period for the final histogram output. Default is 1 (minimal smoothing). 5.💡 Other: Show Divergence Line: Toggle visibility of regular divergence lines. bullDivColor, bearDivColor: Colors for regular divergence lines. Show Hidden Divergence: Toggle visibility of hidden divergence lines. bullHidDivColor, bearHidDivColor: Colors for hidden divergence lines. Show Status Line: Toggle visibility of the top/bottom status bars. gStatColor, rStatColor: Colors for the status line bars. Show TP Signal: Toggle visibility of the TP triangles. gTpColor, rTpColor: Colors for the TP triangles. Show Reversal points: Toggle visibility of the small/large dots on the signal line. gRdColor, rRdColor: Colors for the reversal dots. Delete Broken Divergence Lines: Enable/disable automatic cleanup of older divergence lines. 6. ⚙️ Strategy Inputs: (CRITICAL for Trade Logic) This section defines which visual signals trigger trades. Each signal (Small/Large Dots, TP Triangles, Bright Bars, Signal/Histogram Crosses, Signal/Histogram Max/Min, Divergences) has a dropdown menu: Long: This signal can trigger a long entry. Short: This signal can trigger a short entry. Disabled: This signal will not trigger any entry. Must Be True Checkbox: If checked for a specific signal, that signal's condition must be met for any trade (long or short, depending on the dropdown selection for that signal) to be considered. Multiple "Must Be True" conditions act as AND logic – all must be true simultaneously. How it Works: The strategy first checks if all conditions marked as "Must Be True" (for the relevant trade direction - long or short) are met. If all "Must Be True" conditions are met, it then checks if at least one of the conditions not marked as "Must Be True" (and set to "Long" or "Short" respectively) is also met. If both steps pass, and other filters (like Date Range, FRAMA) allow, an entry order is placed. Example: If "Large Bullish Dot" is set to "Long" and "Must Be True" is checked, AND "Bullish Divergence" is set to "Long" but "Must Be True" is not checked: A long entry requires BOTH the Large Bullish Dot AND the Bullish Divergence to occur simultaneously. If "Large Bullish Dot" was "Long" but not "Must Be True", then EITHER a Large Bullish Dot OR a Bullish Divergence could trigger a long entry (assuming no other "Must Be True" conditions are active). Note: By default, the strategy is configured for long-only trades (strategy.risk.allow_entry_in(strategy.direction.long)). To enable short trades, you would need to comment out or remove this line in the Pine Script code and configure the "Strategy Inputs" accordingly. 7. 💰 Take Profit Settings: Take Profit 1/2/3 (%): The percentage above the entry price (for longs) or below (for shorts) where each TP level is set. (e.g., 1.0 means 1% profit). TP1/2/3 Percentage: The percentage of the currently open position to close when the corresponding TP level is hit. The percentages should ideally sum to 100% if you intend to close the entire position across the TPs. Trailing Stop (%): The percentage below the highest high (for longs) or above the lowest low (for shorts) reached after the activation threshold, where the stop loss will trail. Trailing Stop Activation (%): The minimum profit percentage the trade must reach before the trailing stop becomes active. Re-entry Delay (Bars): The minimum number of bars to wait after a TP is hit before considering a re-entry. Default is 1 (allows immediate re-entry on the next bar if conditions met). Re-entry Price Offset (%): The percentage the price must move beyond the previous TP level before a re-entry is allowed. This prevents immediate re-entry if the price hovers around the TP level. 8. 📈 FRAMA Filter: (Optional Trend Filter) Use FRAMA Filter: Enable or disable the filter. FRAMA Source, FRAMA Period, FRAMA Fast MA, FRAMA Slow MA: Parameters for the FRAMA calculation. Defaults provided are common starting points. FRAMA Filter Type: FRAMA > previous bars: Allows trades only if FRAMA is significantly above its recent average (defined by FRAMA Percentage and FRAMA Lookback). Typically used to confirm strong upward trends for longs. FRAMA < price: Allows trades only if FRAMA is below the current price (framaSource). Can act as a baseline trend filter. FRAMA Percentage (X), FRAMA Lookback (Y): Used only for the FRAMA > previous bars filter type. How it Affects Trades: If Use FRAMA Filter is enabled: Long entries require the FRAMA filter condition to be true. Short entries require the FRAMA filter condition to be false (as currently coded, this acts as an inverse filter for shorts if enabled). How to Use the Strategy 1. Apply to Chart: Open your desired chart on TradingView. Click "Indicators", find "QuantJazz Turbine Trader BETA v1.17" (you might need to add it via Invite-only scripts or if published publicly), and add it to your chart. The oscillator appears below the price chart, and the strategy tester panel opens at the bottom. 2. Configure Strategy Properties: In the Pine Script code itself (or potentially via the UI if supported), adjust the strategy() function parameters like initial_capital, default_qty_value, commission_value, slippage, etc., to match your account, broker fees, and risk settings. The user preferences provided (e.g., 1000 initial capital, 0.1% commission) are examples. Remember use_bar_magnifier is false by default in v1.17. 3. Configure Inputs (Settings Panel): Set the Date Range for backtesting. Crucially, configure the ⚙️ Strategy Inputs. Decide which signals should trigger entries and whether they are mandatory ("Must Be True"). Start simply, perhaps enabling only one or two signals initially, and test thoroughly. Remember the default long-only setting unless you modify the code. Set up your 💰 Take Profit Settings, including TP levels, position size percentages for each TP, and the trailing stop parameters. Decide if you want to use the re-entry feature. Decide whether to use the 📈 FRAMA Filter and configure its parameters if enabled. Adjust visual elements (🚀 Signal Line, 📊 Histogram, 💡 Other) as needed for clarity. 4. Backtest: Use the Strategy Tester panel in TradingView. Analyze the performance metrics (Net Profit, Max Drawdown, Profit Factor, Win Rate, Trade List) across different assets, timeframes, and setting configurations. Pay close attention to how different "Strategy Inputs" combinations perform. 5. Refine: Based on backtesting results, adjust the input settings, TP/SL strategy, and signal combinations to optimize performance for your chosen market and timeframe, while being mindful of overfitting. 6. Automation (Optional): If using 3Commas or a similar platform: Enter your 3C Email Token and 3C Bot ID in the settings. Create alerts in TradingView (right-click on the chart or use the Alert panel). Set the Condition to "QuantJazz Turbine Trader BETA v1.17". In the "Message" box, paste the corresponding placeholder, which will pass the message in JSON from our custom code to TradingView to pass through your webhook: {{strategy.order.alert_message}}. In the next tab, configure the Webhook URL provided by your automation platform. Put a Whale sound, while you're at it! 🐳 When an alert triggers, TradingView will send the pre-formatted JSON message from the strategy code to your webhook URL. Final Notes The QuantJazz Turbine Trader BETA v1.17 offers a wide range of customizable signals and strategy logic. Its effectiveness heavily depends on proper configuration and thorough backtesting specific to the traded asset and timeframe. Start with the default settings, understand each component, and methodically test different combinations of signals and parameters. Remember the inherent risks of trading and never invest capital you cannot afford to lose.
Pine Script® strategy
by QuantJazz