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Zen Open - 18 Bar v2Zen Open – 18 Bar Box (RTH Study Tool) 📄 Description: This script highlights the first 18 bars of each Regular Trading Hours (RTH) session with a visual box and optional range label. It is intended as a study aid for traders analyzing early session structure. Features: • Draws a box around the first 18 bars of the RTH session • Displays the total range as a label (optional) • Fully customizable box color and transparency Intended Use: This is an educational and visual analysis tool to help traders research how the RTH open influences the rest of the session. Tight opening range may suggest range expansion Wide opening range may indicate reduced movement or reversal risk This script does not generate trading signals, does not offer financial advice, and does not promote any service. It is provided for discretionary study and chart analysis only.
Pine Script® indicator
by Zen_Trading_Tech
维加斯隧道 Vegas Tunnel v1.0 [xseed]维加斯隧道 Vegas Tunnel V1.0_250709 -默认适配浅色风格主题 -关于EMA设置： Ema默认(144 169和576 676)构成上下两个通道 Ema默认12 作为信号线 -关于颜色设置： 支持两个均线通道之间颜色填充 当信号线，进入通道区域内变色（默认是变红） Default adaptation for a light-style theme. Regarding EMA settings: Default EMA (144, 169 and 576, 676) form two channels, an upper and a lower one. Default EMA 12 serves as the signal line. Regarding color settings: Supports color filling between the two moving average channels. When the signal line enters the channel area, its color changes (default is red). -更新： 2025-07-09 首个版本V1.0
Pine Script® indicator
by dimworkx
SKVolBal Pro v1.0SKVolBal Pro v1.0 Volume-RSI Fusion with Advanced Pattern Detection This space-efficient indicator combines volume analysis, RSI, and candlestick pattern recognition in a single pane. Key features: Volume-RSI Integration Dual view modes: Stacked volume (Type 1) or separated buy/sell columns (Type 2) RSI overlay with configurable levels (default 30/70) Color-coded volume: Green = Buying pressure, Red = Selling pressure Pattern Detection & Labels Text labels indicate detected patterns with priority weighting: C: Volume Climax E: Engulfing Pattern D: Divergence H: Hammer I: Inverted Hammer S: Shooting Star M: Hanging Man B: Bearish Marubozu G: Gravestone Doji Label color indicates direction: Green = Bullish, Red = Bearish Smart Signal Validation Adaptive thresholds adjust to market volatility Volume filters (vs SMA20) minimize false signals Pattern weighting system prioritizes significant signals Hover labels show all detected patterns with weights Customization & Alerts Adjust 15+ parameters including pattern sensitivity and volume allocation Toggle individual patterns on/off with priority weighting Built-in alerts for all 12 pattern types Interpretation Guidance: Strong signals: Labels appearing at RSI extremes (near 30/70) with high volume Confirmation: Multiple patterns detected simultaneously (view via tooltip) Caution: Isolated signals without volume/RSI confluence Priority: Higher-weighted patterns override label display (weights 70-100) *Optimized for efficiency with 500-label limit and 200-bar lookback. Color intensity reflects signal strength.*
Pine Script® indicator
by skoocrypto
The Great Anchors: Dual AVWAP Powered by RSI The Great Anchors *Dual Anchored Volume Weighted Average Price Powered by RSI* --- 📌 Overview The Great Anchors is a dual AVWAP-based indicator that resets dynamically using RSI extremes — either from the current asset or a master symbol (e.g., BTCUSDT). It identifies meaningful shifts in price structure and momentum using these "anchored" levels. It’s designed to help traders spot trend continuations, momentum inflection points, and entry signals aligned with overbought/oversold conditions — but only when the market confirms through volume-weighted price direction. --- 🛠 Core Logic • AVWAP 1 (favwap): Anchored when RSI reaches overbought levels (top anchor) • AVWAP 2 (savwap): Anchored when RSI reaches oversold levels (bottom anchor) • AVWAPs are recalculated each time a new OB/OS condition is triggered — acting like "fresh anchors" at key market turning points. --- ⚙️ Key Features 🔁 Auto or Manual RSI Thresholds → Automatically determines dynamic RSI OB/OS levels based on past peaks and troughs, or lets you set fixed levels. 🧠 Master Symbol Control → Use the RSI of a separate asset (like BTCUSDT, ETHUSDT, SOLUSDT, BNBUSDT, SUPRAUSDT) or indices (like TOTAL, TOTAL2, BFR) to control resets — ideal for tracking how BTC/major coins impacts altcoins/others. 🔍 Trend-Filtering Signal Logic → Signals are filtered for less noise and are triggered when: - Both AVWAPs are rising (bullish) or falling (bearish) - Price action confirms the structure 🎯 Visual Markers & Alerts → "💥" for bullish signals and "🔥" for bearish ones. Alerts included for automation or push notifications. --- 🎯 How to Use It 1. Add the indicator to your chart. 2. Choose whether to use RSI from the current symbol or a master symbol (e.g., BTC). 3. Select auto-adjusted or manual OB/OS levels. 4. Watch for: - AVWAP(s) making a significant change (at this point it's one of the AVWAPs resetting) - Check if price flip it upwards or downwards - If price goes above both AVWAPs thats a likely bullish trend - If price can't go above both AVWAPs up and fall bellow both that's a likely bearish trend - Price retesting upper AVWAP and bounce - likely bullish continuation - Price retesting lower AVWAP and dip - likely bearish continuation - Signal icons on chart ("💥 - Bullish" or "🔥- Bearish") Best suited for: • Swing traders • Momentum traders • Traders timing altcoin entries using BTC/Major asset's RSI --- 🔔 Signal Explanation 💥 Bullish Signal = • Both AVWAPs rising • Higher lows in price structure • Bullish candle close • Triggered from overbought RSI reset 🔥 Bearish Signal = • Both AVWAPs falling • Lower highs in price structure • Bearish candle close • Triggered from oversold RSI reset Signals reset by opposite signals to prevent noise or overfitting. --- ⚠️ Tips & Notes • Use AVWAPs as dynamic support/resistance, even without signal triggers • Pair with volume or divergence tools for stronger confirmation --- 🧩 Credits & Philosophy This tool is built with a simple philosophy: "Anchor your trades to meaningful moments in price — not arbitrary time." The dual AVWAP concept helps you see how price reacts after momentum peaks, giving you a cleaner bias and more precise trade setups. ---
Pine Script® indicator
by CharmyDexter
OTC supply & demand Candleshi traders and OTC colleagues, this simple indicator used to spot easly the (indecisive , decisive , explosive) candles i suggest to keep the candle boarders from the chart setting (blue or green for bullish ) and (red for bearish) . this indicator simplify spotting the supply and demand zones and the most powerful explosive candles in eye plink based on Bernd Skorupinski theory. from indicator setting colour 0 (indecisive) colour 1 (decisive) bullish colour 2 (decisive) bearish colour 3 (explosive) bullish colour 4 (explosive) bearish you can change the colour as u wish. have a good trading day
Pine Script® indicator
by mohammadadeeb
Hurst Exponent DFAThis script computes the Hurst exponent using Detrended Fluctuation Analysis (DFA) in TradingView. It works as follows: - It takes a user-defined lookback window of closing prices and centers them by subtracting their mean. - It builds a cumulative profile of these centered values. - For each sample size input by the user, it divides the profile into non-overlapping segments, fits a local linear trend in each segment, and measures the root-mean-square fluctuation around that trend. - It then performs a log–log regression of the average fluctuation versus segment size to estimate the Hurst exponent H. - An optional exponential moving average smooths the Hurst series to reduce noise. - A horizontal line at H = 0.5 helps distinguish trending regimes (H > 0.5) from mean-reverting regimes (H < 0.5).
Pine Script® indicator
by Skowiz
Adj Momentum (3M / 6M / 12M)Mirza Salman Volatility Adjusted Momentum. The Volatility Adjusted Momentum Indicator distills a security’s recent performance into a single, decision-ready metric that captures both the velocity and the reliability of its trend. By simultaneously rewarding sustained price appreciation and discounting erratic fluctuations, the indicator highlights those stocks that are not only advancing but doing so with a consistent, low-volatility profile—attributes typically favoured by quantitative momentum and trend-following frameworks. A high positive reading points to instruments exhibiting strong, orderly upward trajectories, making them prime candidates for capital allocation in momentum-oriented portfolios. Conversely, muted or negative readings reveal markets whose returns have been lacklustre, unstable, or downward-sloping, signalling that they warrant caution or exclusion. In practice, this indicator enables portfolio managers and traders to rank broad watch-lists swiftly, focus due-diligence on the most robust price leaders, and enforce systematic discipline in scaling back exposure to choppier, less reliable names—all without resorting to subjective chart interpretation or ad-hoc volatility filters.
Pine Script® indicator
by mirzasalman00
Daily High-Low RangeThis Pine Script calculates the daily range (High - Low) for each trading day to measure intraday volatility. The orange line shows the actual daily high-low range. The purple line represents the 10-day simple moving average of the daily range, smoothing out fluctuations for trend observation. This indicator helps identify whether intraday volatility is increasing or decreasing over time and can be used to assess market momentum or risk. 이 Pine Script는 각 거래일의 고가와 저가의 차이 (일중 변동폭)을 계산하여 일중 변동성을 시각화합니다. 주황색 선은 매일의 고가-저가 범위를 나타냅니다. 보라색 선은 일중 변동폭의 10일 단순 이동평균(SMA)으로, 변동성의 추세를 부드럽게 보여줍니다. 이 지표를 통해 최근 시장의 변동성이 커지고 있는지 줄어들고 있는지를 파악할 수 있으며, 시장 리스크 또는 모멘텀 판단에 활용될 수 있습니다.
Pine Script® indicator
by turtlekim
Bank Nifty VWAP + RSI Alert//@version=5 indicator("Bank Nifty VWAP + RSI Alert", overlay=true) // VWAP vwapValue = ta.vwap // RSI rsiValue = ta.rsi(close, 14) // Conditions longCondition = close > vwapValue and rsiValue > 60 shortCondition = close < vwapValue and rsiValue < 40 // Plot signals on chart plotshape(longCondition, style=shape.labelup, color=color.green, text="CALL") plotshape(shortCondition, style=shape.labeldown, color=color.red, text="PUT") // Alert conditions alertcondition(longCondition, title="CALL Alert", message="Bank Nifty crossed above VWAP + RSI > 60 - Consider Call") alertcondition(shortCondition, title="PUT Alert", message="Bank Nifty crossed below VWAP + RSI < 40 - Consider Put")
Pine Script® indicator
by sankrotsameer
[FREE] Multiple Indicators Screener [NASAlgoTrading] Multiple Indicators Screener indicator is designed to help traders quickly scan multiple cryptocurrencies across different timeframes using a combination of proven technical indicators. It provides a comprehensive, at-a-glance view of market conditions to help identify high-probability trading opportunities. How It Helps Traders Maximize Profits ✅ Saves Time – No need to switch between charts; all key metrics are displayed in one place. ✅ Confirms Trends – Combines multiple indicators to filter high-probability setups. ✅ Multi-Timeframe Alignment – Finds trades where short-term and long-term trends agree. ✅ Overbought/Oversold Alerts – Helps spot potential reversals using RSI, Stochastic, and TSI. ✅ Trend Strength Validation – ADX and Supertrend confirm whether a trend is worth trading. Why Use This Script? ✔ Completely Free – No hidden costs or premium upgrades. ✔ Easy to Use – No complex setup; works out of the box. ✔ Customizable – Adjust timeframes, indicators, and assets to fit your strategy. Best For: Swing Traders – Identify trends across multiple timeframes. Day Traders – Quickly scan for intraday opportunities. Crypto Traders – Optimized for popular cryptocurrency pairs. Start using this powerful screener today to enhance your trading efficiency and spot the best setups with ease! 🚀
Pine Script® indicator
by nasalgotrading
6868//@version=5 indicator(title='6868', shorttitle='ICHI', overlay=true) // Version 1.1 // Created by NgheTrader TS_D1 = input.int(9, minval=1, title='Tenkan-sen') KS_D1 = input.int(17, minval=1, title='Kijun-sen') TS_D2 = input.int(65, minval=1, title='Tenkan-sen') KS_D2 = input.int(129, minval=1, title='Kijun-sen') Chikou_Displacement = input.int(25, minval=1, title='Chikou-span') SB = input.int(26, minval=1, title='Senko Span B') donchian(len) => math.avg(ta.lowest(len), ta.highest(len)) Tenkan = donchian(TS_D1) Kijun = donchian(KS_D1) KumoA = math.avg(Tenkan, Kijun) KumoB = donchian(SB) DG65 = donchian(TS_D2) DG129 = donchian(KS_D2) plot(Tenkan, color=color.new(#0fc7db, 10), title='Tenkan-sen', linewidth=2) plot(Kijun, color=color.new(#f00f0f, 10), title='Kijun-sen', linewidth=2) plot(DG65, color=color.new(#f8e804e6, 10), title='dg65', linewidth=2) plot(DG129, color=color.new(#f99b04, 10), title='DG129', linewidth=2) plot(close, offset=-Chikou_Displacement, color=color.new(#9c27b0, 10), title='Chikou-span', linewidth=2) p1 = plot(KumoA, offset=Chikou_Displacement, color=color.new(#0cb71a, 0), linewidth=1, title='Span A') p2 = plot(KumoB, offset=Chikou_Displacement, color=color.new(#afaaaac5,0), linewidth=1, title='Span B') fill(p1, p2, color=KumoA > KumoB ? color.new(#106323,80) : color.new(#e4e1e1,0), title='Kumo Cloud') // Plot Future Lines Midpoint_future1(len) => math.avg(ta.highest(len - 1), ta.lowest(len - 1)) Midpoint_future2(len) => math.avg(ta.highest(len - 2), ta.lowest(len - 2)) Midpoint_future3(len) => math.avg(ta.highest(len - 3), ta.lowest(len - 3)) Midpoint_future4(len) => math.avg(ta.highest(len - 4), ta.lowest(len - 4)) Midpoint_future5(len) => math.avg(ta.highest(len - 5), ta.lowest(len - 5)) Midpoint_future6(len) => math.avg(ta.highest(len - 6), ta.lowest(len - 6)) Midpoint_future7(len) => math.avg(ta.highest(len - 7), ta.lowest(len - 7)) Midpoint_future8(len) => math.avg(ta.highest(len - 8), ta.lowest(len - 8)) Midpoint_future9(len) => math.avg(ta.highest(len - 9), ta.lowest(len - 9)) Midpoint_future10(len) => math.avg(ta.highest(len - 10), ta.lowest(len - 10)) Midpoint_future11(len) => math.avg(ta.highest(len - 11), ta.lowest(len - 11)) Midpoint_future12(len) => math.avg(ta.highest(len - 12), ta.lowest(len - 12)) Midpoint_future13(len) => math.avg(ta.highest(len - 13), ta.lowest(len - 13)) Midpoint_future14(len) => math.avg(ta.highest(len - 14), ta.lowest(len - 14)) // Plot Future Daily Kijun KJ_Next_1 = Midpoint_future1(KS_D1) KJ_Next_2 = Midpoint_future2(KS_D1) KJ_Next_3 = Midpoint_future3(KS_D1) KJ_Next_4 = Midpoint_future4(KS_D1) KJ_Next_5 = Midpoint_future5(KS_D1) KJ_Next_6 = Midpoint_future6(KS_D1) KJ_Next_7 = Midpoint_future7(KS_D1) KJ_Next_8 = Midpoint_future8(KS_D1) KJ_Next_9 = Midpoint_future9(KS_D1) KJ_Next_10 = Midpoint_future10(KS_D1) plot(KJ_Next_1, color=color.new(#f00f0f, 10), linewidth=1, offset=1, show_last=1, style=plot.style_circles) plot(KJ_Next_2, color=color.new(#f00f0f, 10), linewidth=1, offset=2, show_last=1, style=plot.style_circles) plot(KJ_Next_3, color=color.new(#f00f0f, 10), linewidth=1, offset=3, show_last=1, style=plot.style_circles) plot(KJ_Next_4, color=color.new(#f00f0f, 10), linewidth=1, offset=4, show_last=1, style=plot.style_circles) plot(KJ_Next_5, color=color.new(#f00f0f, 10), linewidth=1, offset=5, show_last=1, style=plot.style_circles) plot(KJ_Next_6, color=color.new(#f00f0f, 10), linewidth=1, offset=6, show_last=1, style=plot.style_circles) plot(KJ_Next_7, color=color.new(#f00f0f, 10), linewidth=1, offset=7, show_last=1, style=plot.style_circles) plot(KJ_Next_8, color=color.new(#f00f0f, 10), linewidth=1, offset=8, show_last=1, style=plot.style_circles) plot(KJ_Next_9, color=color.new(#f00f0f, 10), linewidth=1, offset=9, show_last=1, style=plot.style_circles) plot(KJ_Next_10,color=color.new(#f00f0f, 10), linewidth=1, offset=10, show_last=1, style=plot.style_circles) // Plot Future Daily Tenkan TS_Next_1 = Midpoint_future1(TS_D1) TS_Next_2 = Midpoint_future2(TS_D1) TS_Next_3 = Midpoint_future3(TS_D1) TS_Next_4 = Midpoint_future4(TS_D1) TS_Next_5 = Midpoint_future5(TS_D1) TS_Next_6 = Midpoint_future6(TS_D1) TS_Next_7 = Midpoint_future7(TS_D1) TS_Next_8 = Midpoint_future8(TS_D1) plot(TS_Next_1, color=color.new(#0fc7db, 10), linewidth=1, offset=1, show_last=1, style=plot.style_circles) plot(TS_Next_2, color=color.new(#0fc7db, 10), linewidth=1, offset=2, show_last=1, style=plot.style_circles) plot(TS_Next_3, color=color.new(#0fc7db, 10), linewidth=1, offset=3, show_last=1, style=plot.style_circles) plot(TS_Next_4, color=color.new(#0fc7db, 10), linewidth=1, offset=4, show_last=1, style=plot.style_circles) plot(TS_Next_5, color=color.new(#0fc7db, 10), linewidth=1, offset=5, show_last=1, style=plot.style_circles) plot(TS_Next_6, color=color.new(#0fc7db, 10), linewidth=1, offset=6, show_last=1, style=plot.style_circles) plot(TS_Next_7, color=color.new(#0fc7db, 10), linewidth=1, offset=7, show_last=1, style=plot.style_circles) plot(TS_Next_8, color=color.new(#0fc7db, 10), linewidth=1, offset=8, show_last=1, style=plot.style_circles) // Plot Future Kumo A Next_KumoA_1 = Midpoint_future1(TS_D2) Next_KumoA_2 = Midpoint_future2(TS_D2) Next_KumoA_3 = Midpoint_future3(TS_D2) Next_KumoA_4 = Midpoint_future4(TS_D2) Next_KumoA_5 = Midpoint_future5(TS_D2) Next_KumoA_6 = Midpoint_future6(TS_D2) Next_KumoA_7 = Midpoint_future7(TS_D2) Next_KumoA_8 = Midpoint_future8(TS_D2) Next_KumoA_9 = Midpoint_future9(TS_D2) plot(Next_KumoA_1, color=color.new(#f8e804e6, 10), linewidth=1, offset=1, show_last=1, style=plot.style_circles) plot(Next_KumoA_2, color=color.new(#f8e804e6, 10), linewidth=1, offset=2, show_last=1, style=plot.style_circles) plot(Next_KumoA_3, color=color.new(#f8e804e6, 10), linewidth=1, offset=3, show_last=1, style=plot.style_circles) plot(Next_KumoA_4, color=color.new(#f8e804e6, 10), linewidth=1, offset=4, show_last=1, style=plot.style_circles) plot(Next_KumoA_5, color=color.new(#f8e804e6, 10), linewidth=1, offset=5, show_last=1, style=plot.style_circles) plot(Next_KumoA_6, color=color.new(#f8e804e6, 10), linewidth=1, offset=6, show_last=1, style=plot.style_circles) plot(Next_KumoA_7, color=color.new(#f8e804e6, 10), linewidth=1, offset=7, show_last=1, style=plot.style_circles) plot(Next_KumoA_8, color=color.new(#f8e804e6, 10), linewidth=1, offset=8, show_last=1, style=plot.style_circles) plot(Next_KumoA_9, color=color.new(#f8e804e6, 10), linewidth=1, offset=9, show_last=1, style=plot.style_circles) // Plot Future Kumo B KB_Next_1 = Midpoint_future1(KS_D2) KB_Next_2 = Midpoint_future2(KS_D2) KB_Next_3 = Midpoint_future3(KS_D2) KB_Next_4 = Midpoint_future4(KS_D2) KB_Next_5 = Midpoint_future5(KS_D2) KB_Next_6 = Midpoint_future6(KS_D2) KB_Next_7 = Midpoint_future7(KS_D2) KB_Next_8 = Midpoint_future8(KS_D2) KB_Next_9 = Midpoint_future9(KS_D2) KB_Next_10 = Midpoint_future10(KS_D2) KB_Next_11 = Midpoint_future11(KS_D2) KB_Next_12 = Midpoint_future12(KS_D2) KB_Next_13 = Midpoint_future13(KS_D2) KB_Next_14 = Midpoint_future14(KS_D2) plot(KB_Next_1, color=color.rgb(253, 173, 0), linewidth=1, offset=1, show_last=1, style=plot.style_circles) plot(KB_Next_2, color=color.rgb(253, 173, 0), linewidth=1, offset=2, show_last=1, style=plot.style_circles) plot(KB_Next_3, color=color.rgb(253, 173, 0), linewidth=1, offset=3, show_last=1, style=plot.style_circles) plot(KB_Next_4, color=color.rgb(253, 173, 0), linewidth=1, offset=4, show_last=1, style=plot.style_circles) plot(KB_Next_5, color=color.rgb(253, 173, 0), linewidth=1, offset=5, show_last=1, style=plot.style_circles) plot(KB_Next_6, color=color.rgb(253, 173, 0), linewidth=1, offset=6, show_last=1, style=plot.style_circles) plot(KB_Next_7, color=color.rgb(253, 173, 0), linewidth=1, offset=7, show_last=1, style=plot.style_circles) plot(KB_Next_8, color=color.rgb(253, 173, 0), linewidth=1, offset=8, show_last=1, style=plot.style_circles) plot(KB_Next_9, color=color.rgb(253, 173, 0), linewidth=1, offset=9, show_last=1, style=plot.style_circles) plot(KB_Next_10, color=color.rgb(253, 173, 0), linewidth=1, offset=10, show_last=1, style=plot.style_circles) plot(KB_Next_11, color=color.rgb(253, 173, 0), linewidth=1, offset=11, show_last=1, style=plot.style_circles) plot(KB_Next_12, color=color.rgb(253, 173, 0), linewidth=1, offset=12, show_last=1, style=plot.style_circles) plot(KB_Next_13, color=color.rgb(253, 173, 0), linewidth=1, offset=13, show_last=1, style=plot.style_circles) plot(KB_Next_14, color=color.rgb(253, 173, 0), linewidth=1, offset=14, show_last=1, style=plot.style_circles) var line greenLine = na var line redLine = na xGreen = bar_index - 8 xRed = bar_index - 16 // Dùng khoảng 100 nến gần nhất để lấy phạm vi giá hiện hành lookback = 100 top = ta.highest(high, lookback) bottom = ta.lowest(low, lookback) if bar_index > 17 line.delete(greenLine) line.delete(redLine) greenLine := line.new( x1 = xGreen, y1 = top, x2 = xGreen, y2 = bottom, color=color.new(#0fc7db, 85), width = 4) redLine := line.new( x1 = xRed, y1 = top, x2 = xRed, y2 = bottom,color =color.new(#f00f0f, 85), width = 4 )
Pine Script® indicator
by THEBEST28
10/50 EMA Cloud + 21 EMA + VWAP + FractalsThis indicator is designed for active traders and combines several popular technical analysis tools into a single, easy-to-use overlay. It helps traders identify trend direction, dynamic support and resistance, and potential reversal points, all while providing optional fractal signals for added clarity. Features and Components 1. EMA Cloud (10/50 EMA) 10-period EMA (Exponential Moving Average): Tracks short-term price momentum. 50-period EMA: Represents a longer-term trend. Cloud Visualization: The area between the 10 and 50 EMA is filled with color: Green cloud when the 10 EMA is above the 50 EMA, signaling bullish momentum. Red cloud when the 10 EMA is below the 50 EMA, signaling bearish momentum. Purpose: Quickly visualize the prevailing trend and potential trend shifts. 2. 21-period EMA 21 EMA: Plotted as a blue line, this moving average is widely used to gauge intermediate-term trend and dynamic support/resistance. Purpose: Acts as a reference for trend-following entries and exits. 3. VWAP (Volume Weighted Average Price) VWAP Line: Plotted in orange, VWAP gives the average price weighted by volume for the session. Purpose: Useful for identifying fair value, potential bounce/reversal zones, and institutional interest levels. 4. Fractals (Toggleable) User Option: A setting allows the user to turn fractal signals on or off. Fractal Logic: Uses a 5-bar pattern: Up Fractal: Plots a green triangle above the bar if the high of the middle bar (2 bars ago) is higher than the highs of the two bars before and after. Down Fractal: Plots a red triangle below the bar if the low of the middle bar (2 bars ago) is lower than the lows of the two bars before and after. Purpose: Highlights potential short-term reversal points or swing highs/lows. 5. Volume Bars Volume Histogram: Plotted in gray at the bottom of the chart. Purpose: Provides context for price action, helping to confirm breakouts or identify exhaustion. How to Use This Indicator Trend Identification: Use the EMA cloud and 21 EMA to determine the prevailing trend. Trade in the direction of the cloud color and EMA alignment. VWAP Strategies: Look for price reactions at the VWAP for possible rebounds, breakouts, or reversals. Fractal Signals: Enable fractals to spot potential reversal zones or to fine-tune entries/exits at swing points. Volume Confirmation: Use volume bars to validate the strength of moves, especially near key EMAs or VWAP. Customization Fractals On/Off: Easily toggle fractal signals in the indicator settings to reduce chart clutter or focus on other signals as needed.
Pine Script® indicator
by TRDRZone