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Trend Analysis

Enhanced Keltner Trend • ObiQuantEnhanced Keltner Trend Overview: The Keltner Trend is a Technical Indicator inspired by Keltner Channels, a common banded volatility indicator. Constituted of user-defined Upper and Lower channels, which they range away from the Middle Line. This can be a multiple of the daily high/low range, or Average True Range. The Enhanced Keltner Trend is a Trend-Following indicator that offers more control over the Keltner Channels, ATR and the smoothing MA's to help investors and traders navigate the market with more accuracy. Notes: If you don't want to use the ATR, the indicator will use a high-low calculation over a user-defined period for a smoothed signals. Credits to www.tradingview.com for the script, it’s an improved version of his. Thank you!
Pine Script™ indicator
by ob9a
ICT Setup 02 [TradingFinder] Breaker Blocks + Reversal Candles🔵 Introduction The "Breaker Block" concept, widely utilized in ICT (Inner Circle Trader) technical analysis, is a crucial tool for identifying reversal points and significant market shifts. Originating from the "Order Block" concept, Breaker Blocks help traders pinpoint support and resistance levels. These blocks are essential for understanding market trends and recognizing optimal entry and exit points. A Breaker Block is essentially a failed Order Block that changes its role when price action breaks through it. When an Order Block fails to hold as a support or resistance level, it reverses its function, becoming a Breaker Block. There are two primary types : Bullish Breaker Blocks and Bearish Breaker Blocks. These Breaker Blocks align with the prevailing market trend and indicate potential entry points after a liquidity sweep or a shift in market structure. Understanding and applying the Breaker Block strategy enables traders to capitalize on the behavior of institutional investors, enhancing their trading outcomes. Bullish Setup : Bearish Setup : 🔵 How to Use The ICT Setup 02 indicator designed to automate the identification of Bullish and Bearish Breaker Blocks. This tool enables traders to easily spot these blocks on a chart and utilize them for entering or exiting trades. Below is a breakdown of how to use this indicator in both bullish and bearish setups. 🟣 Bullish Breaker Block Setup A Bullish Breaker Block setup is identified in an uptrend, where it serves as a potential entry point. This setup occurs when a Bearish Order Block fails and the price moves above the high of that Order Block. In this scenario, the previously bearish Order Block turns into a Bullish Breaker Block, which now acts as a support level for the price. To trade a Bullish Breaker Block, wait for the price to retest this newly formed support level. Confirmation of the uptrend can be achieved by analyzing lower time frames for further market structure shifts or other bullish indicators. A successful retest of the Bullish Breaker Block provides a high-probability entry point for a long trade, as it signals institutional support. Traders often place their stop-loss below the low of the Breaker Block zone to minimize risk. 🟣 Bearish Breaker Block Setup A Bearish Breaker Block setup, conversely, is used in a downtrend to identify potential sell opportunities. This setup forms when a Bullish Order Block fails, and the price moves below the low of that Order Block. Once this Order Block is broken, it reverses its role and becomes a Bearish Breaker Block, providing resistance to the price as it pushes downward. For a Bearish Breaker Block trade, wait for the price to retest this resistance level. A confirmation of the downtrend, such as a market structure shift on a lower time frame or additional bearish signals, strengthens the setup. The Bearish Breaker Block retest provides an opportunity to enter a short position, with a stop-loss placed just above the high of the Breaker Block zone. 🔵 Settings Pivot Period : This setting controls the look-back period used to identify pivot points that contribute to the detection of Order Blocks. A higher period captures longer-term pivots, while a lower period focuses on more recent price action. Adjusting this parameter allows traders to fine-tune the indicator to match their trading time frame. Breaker Block Validity Period : This setting defines how long a Breaker Block remains valid based on the number of bars elapsed since its formation. Increasing the validity period keeps Breaker Blocks active for a longer duration, which can be useful for higher time frame analysis. Mitigation Level BB : This option lets traders choose the level of the Order Block at which the price is expected to react. Options like "Proximal," "50% OB," and "Distal" adjust the zone where a reaction may occur, offering flexibility in setting up the entry and stop-loss levels. Breaker Block Refinement : The refinement option refines the Breaker Block zone to display a more precise range for aggressive or defensive trading approaches. The "Aggressive" mode provides a tighter range for risk-tolerant traders, while the "Defensive" mode expands the zone for those with a more conservative approach. 🔵 Conclusion The Breaker Block indicator provides traders with a sophisticated tool for identifying key reversal zones in the market. By leveraging Breaker Blocks, traders can gain insights into institutional order flow and predict critical support and resistance levels. Using Breaker Blocks in conjunction with other ICT concepts, like Fair Value Gaps or liquidity sweeps, enhances the reliability of trading signals. This indicator empowers traders to make informed decisions, aligning their trades with institutional moves in the market. As with any trading strategy, it is crucial to incorporate proper risk management, using stop-losses and position sizing to minimize potential losses. The Breaker Block strategy, when applied with discipline and thorough analysis, serves as a powerful addition to any trader’s toolkit.
Pine Script™ indicator
by TFlab
Market Structure Algo V2 [OmegaTools]The Market Structure Algo V2 (MS Algo V2) is an advanced TradingView indicator developed by OmegaTools to provide traders with a comprehensive analysis of market structure. This tool refines the insights provided by its predecessor, combining enhanced pivot point analysis, dynamic market structure scoring, and zone visualization to deliver an intuitive view of potential market movements. Through custom settings, the MS Algo V2 allows users to tailor the indicator to fit their trading strategies more closely, offering enhanced adaptability to both short-term and long-term trends. Core Functionality The MS Algo V2 differentiates between internal and external market structures by analyzing pivot highs and lows over user-defined periods. The internal market structure focuses on shorter timeframes, providing insights into recent price action, while the external structure considers broader trends. This dual-layered approach helps traders distinguish between immediate and overarching market trends. The indicator introduces improved visualization for areas of interest or zones around pivot points, adjustable through zone distance settings. These zones serve as potential support and resistance areas, helping traders anticipate price reactions at key levels. In addition to the zones, the indicator now provides gradient-based color coding on bars, reflecting the market structure’s bullish or bearish intensity. This visual enhancement aids in quickly interpreting the current trend's strength. Dynamic signal generation has been refined in MS Algo V2. The indicator now offers both classic signals and breakout signals based on the market structure, including entries, exits, and change-of-character (CHoCH) alerts. Signals are generated based on price interactions with pivot levels, indicating potential long and short opportunities. Operational Mechanism The MS Algo V2 calculates pivot highs and lows over specified periods to define internal and external market structures. A market structure score is derived from these pivot points, classifying the market into bullish or bearish extremes. Signals are generated as the closing price interacts with these levels, marking entry and exit points based on the calculated structure. A new feature in this version is zone visualization, where zones are plotted around a dynamic moving average derived from the exponential and simple moving averages (EMA and SMA). The zones are adjusted based on ATR (Average True Range) and the specified zone distance percentile, providing a clear visual representation of potential support and resistance regions. The external and internal zones are represented with different levels of transparency for quick reference. Usage Guidelines To apply the MS Algo V2 to your TradingView charts, adjust the internal and external market structure settings to match your preferred analysis timeframes. The line style and width of each structure can also be customized for a tailored view. The Zone Distance setting allows users to define the percentile range of the zones around the moving average, providing further flexibility in identifying potential areas of support and resistance. For a color-coded overview of market sentiment, the bar gradient feature can be enabled. This option uses a gradient that reflects the bullish or bearish intensity of the market structure, giving traders a visual cue on the market’s overall trend. Color-coded signals and zone fill areas further assist in interpreting the current market structure and identifying potential trade areas. The indicator includes customizable alerts for long and short signals, as well as specific breakout alerts (BOS) and change-of-character (CHoCH) signals. These alerts can help traders stay informed about significant market structure changes, supporting timely trading decisions. Understanding the Indicator’s Originality The MS Algo V2 stands out due to its robust integration of pivot analysis, zone visualization, and market structure scoring, offering a unique perspective on market dynamics. With features like color-coded signals, bar gradients, and configurable alerts, MS Algo V2 provides an edge in understanding both the current market environment and potential turning points. This indicator’s ability to represent the market’s structure visually makes it a powerful addition to any trader’s toolkit, especially for those seeking a deeper, multi-layered approach to market analysis.
Pine Script™ indicator
by OmegaTools
Sequence Waves [OmegaTools]the sequence waves indicator, developed by omegatools, is a multi-functional tool designed to detect trends, sequences, and potential reversal signals based on price movements and volume. this indicator has two main modes, "trend" and "sequence," which determine how the indicator calculates directional changes. additional enhancements in this version include reversal signals, allowing users to identify potential long and short opportunities with specific entry cues. input parameters mode (mode): chooses the calculation basis for directional movement. - "trend": uses a midline calculated from the highest high and lowest low over the "trend mode length" period to assess if the price is in an upward or downward trend. - "sequence": compares the current price to the closing price of the previous "sequence mode length" period to detect shifts in direction. counter mode (modec): sets whether the counter increments by a fixed amount (1 or -1) or the volume of the bar, impacting the indicator’s sensitivity. - "fixed": increments or decrements the counter by 1. - "volume": increments or decrements based on the period’s volume, making the indicator more responsive to high-volume periods. percentile length (lntp): defines the lookback period for calculating overbought and oversold thresholds using a percentile method. shorter lengths make ob/os levels more reactive. sensitivity (sens): controls the percentile-based ob/os thresholds, ranging from 10 to 100. higher values narrow ob/os zones, while lower values widen them, impacting signal frequency. trend mode length (lnt1): sets the period length for midline calculation in trend mode, defaulting to 21. longer periods smooth the midline for detecting major trends. sequence mode length (lnt2): sets the lookback period in sequence mode, with a default of 4. shorter lengths capture more frequent directional changes, while longer lengths smooth signals. visual colors: - up color (upc): sets the color for upward movements. - down color (dnc): sets the color for downward movements. calculation logic midline calculation: in trend mode, a midline is derived from the average of the highest high and lowest low over the "trend mode length" period, acting as a reference to detect upward or downward movements. counter calculation: - in trend mode, if the close price is above the midline, the counter increases (or volume if volume mode is selected). it decreases when the price is below. - in sequence mode, the counter increases if the close is above the closing price from "sequence mode length" periods ago and decreases if below. the counter resets to zero on direction changes, creating clear directional transitions. overbought/oversold percentiles: separate arrays track the counter’s values each time the direction changes, creating historical up and down values. ob and os thresholds are dynamically determined based on these arrays, with sizes limited by the percentile length and sensitivity inputs. reversal signals: two new variables, "long" and "short," detect potential reversal points when the counter crosses specific thresholds: - long: a long signal is generated when the counter switches to positive and exceeds the down percentile. - short: a short signal is triggered when the counter switches to negative and exceeds the up percentile. visual and display elements counter plot: plots the counter value on the chart with color-coded columns, making it easy to spot directional momentum. up and down percentiles: displays overbought (up percentile) and oversold (down percentile) thresholds to identify potential reversal zones. regime background: the background color changes based on market regime: - bullish (up percentile > down percentile): greenish background. - bearish (down percentile > up percentile): reddish background. - neutral (both percentiles equal): grayish background. reversal signals: plotted as small triangles on the chart for visual confirmation of potential long (triangle up) and short (triangle down) reversal signals. obs background: changes color when the counter exceeds ob or os thresholds, creating a visual cue for extreme market conditions: - overbought: background changes to a faint down color. - oversold: background changes to a faint up color. status table: displayed on the right side of the chart, providing real-time status information: - status: shows "overbought," "oversold," "long," "short," or "none" based on the current counter position. - regime: indicates whether the market is in a "bullish," "bearish," or "neutral" state based on the percentile comparison. - percentile up/down: displays the current up and down percentiles for quick reference. how to use the indicator trend following: in trend mode, use the midline-based counter to gauge if the market is in an uptrend (positive counter) or downtrend (negative counter). reversal detection: the ob/os thresholds assist in identifying potential reversal points. when the counter exceeds the up percentile, it may indicate an overbought state, suggesting a bearish reversal. similarly, dropping below the down percentile may indicate an oversold state, suggesting a bullish reversal. entry signals: use the long and short reversal signals for potential entry points, particularly in trending or range-bound markets. these signals are indicated by up and down triangles. sequence trading: in sequence mode, the indicator tracks shorter-term directional shifts, making it suitable for detecting smaller momentum patterns based on recent price comparisons. volume sensitivity: selecting volume mode enhances sensitivity to high-volume moves, allowing it to detect stronger market activity in both trend and sequence modes. the sequence waves indicator is suited to both short-term and long-term traders. it allows for detailed trend analysis, reversal detection, and dynamic ob/os signals. the inclusion of visual reversal cues makes it a flexible tool adaptable to a variety of trading strategies.
Pine Script™ indicator
by OmegaTools
Moving Average Simple Tool [OmegaTools]This TradingView script is a versatile Moving Average Tool that offers users multiple moving average types and a customizable overbought and oversold (OB/OS) sensitivity feature. It is designed to assist in identifying potential price trends, reversals, and momentum by using different average calculations and providing visual indicators for deviation levels. Below is a detailed breakdown of the settings, functionality, and visual elements within the Moving Average Simple Tool. Indicator Overview Indicator Name: Moving Average Simple Tool Short Title: MA Tool Purpose: Provides a choice of six moving average types with configurable sensitivity, which helps traders identify trend direction, potential reversal zones, and overbought or oversold conditions. Input Parameters Source (src): This option allows the user to select the data source for the moving average calculation. By default, it is set to close, but users can choose other options like open, high, low, or any custom price data. Length (lnt): Defines the period length for the moving average. By default, it is set to 21 periods, allowing users to adjust the moving average sensitivity to either shorter or longer periods. Average Type (mode): This input defines the moving average calculation type. Six types of averages are available: SMA (Simple Moving Average) EMA (Exponential Moving Average) WMA (Weighted Moving Average) VWMA (Volume-Weighted Moving Average) RMA (Rolling Moving Average) Middle Line: Calculates the average between the highest and lowest price over the period specified in Length. This is useful for a mid-range line rather than a traditional moving average. Sensitivity (sens): This parameter controls the sensitivity of the overbought and oversold levels. The sensitivity value can range from 1 to 40, where a lower value represents a higher sensitivity and a higher value allows for smoother OB/OS zones. Color Settings: OS (Oversold Color, upc): The color applied to deviation areas that fall below the oversold threshold. OB (Overbought Color, dnc): The color applied to deviation areas that exceed the overbought threshold. Middle Line Color (midc): A gradient color that visually blends between overbought and oversold colors for smoother visual transitions. Calculation Components Moving Average Calculation (mu): Based on the chosen Average Type, this calculation derives the moving average or middle line value for the selected source and length. Deviation (dev): The deviation of the source value from the moving average is calculated. This is useful to determine whether the current price is significantly above or below the average, signaling potential buying or selling opportunities. Overbought (ob) and Oversold (os) Levels: These levels are calculated using a linear percentile interpolation based on the deviation, length, and sensitivity inputs. The higher the sensitivity, the narrower the overbought and oversold zones, allowing users to capture more frequent signals. Visual Elements Moving Average Line (mu): This line represents the moving average based on the selected calculation method and is plotted with a dynamic color based on deviation thresholds. When the deviation crosses into overbought or oversold zones, it shifts to the corresponding OB/OS colors, providing a visual indication of potential trend reversals. Deviation Plot (dev): This plot visualizes the deviation values as a column plot, with colors matching the overbought, oversold, or neutral states. This helps users to quickly assess whether the price is trending or reverting back to its mean. Overbought (ob) and Oversold (os) Levels: These levels are plotted as fixed lines, helping users identify when the deviation crosses into overbought or oversold zones.
Pine Script™ indicator
by OmegaTools
5
ali_he96This is a customized version of the HALFTREND indicator. Trading Method: Timeframe: 1-hour or higher. Buy Signal: When a buy signal is generated, open a long position and set the stop loss just below the lowest level. Sell Signal: When a sell signal is generated, open a short position and set the stop loss just above the highest level. Risk Management: Make sure to learn risk management principles before trading. Always maintain a minimum risk-to-reward ratio of 2 You can set alerts to receive notifications for buy and sell signals.
Pine Script™ indicator
by alihesarakitrade
Enhanced Buy/Sell Pressure, Volume, and Trend Bar analysisEnhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis Indicator Overview This indicator is designed to help traders identify buy and sell pressure, volume changes, and overall trend direction in the market. It combines multiple concepts like price action, volume, and trend analysis, candlestick anaysis to provide a comprehensive view of market dynamics. The visual elements are intuitive, making it suitable for traders at different levels. This indicator works together with Enhanced Pressure MTF Screener which is a screener based of this indicator to make it easier to see Bullish/Bearish pressures and trend across multiple timeframes. Image below: is the Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis with the Enhanced Pressure MTF Screener indicator both active together. Key Features 1.Buy/Sell Pressure Identification Buy Pressure: Calculated based on price movement where the close price is higher than the opening price. Sell Pressure: Calculated when the closing price is equal to or lower than the opening price.These pressures help you understand whether buyers or sellers are more dominant for each bar. 2.Volume Analysis Normalized Volume: Volume data is normalized, making it easier to compare volume levels over different periods. Volume Histogram: The volume is also presented as a histogram for easy visualization, showing whether the current volume is higher or lower compared to the average. 3.Simplified Coloring Option You can choose to simplify the coloring of bars to reflect the dominant pressure: green for bullish pressure and red for bearish pressure. This makes it visually easier to identify who is in control. When simplified coloring is disabled, the bars' colors will represent the combined effect of buy and sell pressure. 4.Heikin-Ashi Candles for Pressure Calculation The indicator includes an option to use Heikin-Ashi candles instead of traditional candles to calculate buy and sell pressure. Heikin-Ashi candles are known for smoothing out price action and providing a clearer trend representation. 5.Trend Background Coloring This feature uses exponential moving averages (EMAs) to determine the trend: Short-Term EMA vs. Long-Term EMA: When the short-term EMA is above the long-term EMA, the trend is considered bullish, and vice versa. The background color changes based on the identified trend: green for an uptrend and red for a downtrend. This feature helps visualize the overall market direction at a glance. 6.Signals for Key Price Actions The indicator plots various symbols to signal important price movements: Bullish Close (▲): Indicates a strong upward movement where the close price crosses above the open. Bearish Close (▼): Indicates a downward movement where the close price falls below the open. Higher High (•): Highlights new highs compared to previous bars, useful for confirming an uptrend. Lower Low (•): Highlights lower lows compared to previous bars, which can indicate a downtrend or bearish pressure. Calculations Explained 1.Buy and Sell Pressure Calculation The buy pressure is determined by the price range (high - low) if the closing price is above the opening price, indicating an increase in value. The sell pressure is similarly calculated when the closing price is equal to or below the opening price. The indicator uses the Average True Range (ATR) for normalization. Normalizing helps you compare pressure across different periods, regardless of market volatility. 2.Volume Normalization Volume Normalization: To make volume comparable across different periods, the indicator normalizes it using the Simple Moving Average (SMA) of volume over a user-defined length. Volume Histogram: The histogram provides a clear representation of volume changes compared to the average, making it easier to spot unusual activity that may indicate market shifts. 3.Combined Pressure Calculation The indicator calculates a combined pressure value by subtracting sell pressure from buy pressure. When combined pressure is positive, buying is dominant, and when negative, selling is dominant. This helps in visually understanding the ongoing momentum. 4.Trend Calculation The indicator uses two EMAs to determine the trend: Short-Term EMA (default 14-period) to capture recent price movements. Long-Term EMA (default 50-period) to provide a broader trend perspective. By comparing these EMAs on a higher timeframe, the indicator can identify whether the trend is up or down, making it easier for traders to align their trades with the larger market movement. Inputs and Customization The indicator provides several options for customization, allowing you to adjust it to your preferences: SMA Length: Determines the lookback period for moving averages and volume normalization. A longer length provides more smoothing, whereas a shorter length makes the indicator more responsive. Buy/Sell/Volume Colors: Customize the colors used to represent buying, selling, and volume to suit your preferences. Heikin Ashi Option: Toggle between using Heikin Ashi or traditional OHLC (Open-High-Low-Close) candles for pressure calculations. Trend Timeframe and EMA Periods: You can choose different timeframes and EMA periods for trend analysis to suit your trading strategy. How to Use This Indicator Identifying Market Momentum: Use the buy/sell pressure columns to see which side (buyers or sellers) is in control. Positive pressure combined with green color indicates strong buying, while red indicates selling. Volume Confirmation: Check the volume area plot and histogram. High volume coupled with strong pressure is a sign of conviction, meaning the current move has backing from market participants. Trend Identification: The trend background color helps identify the overall trend direction. Trade in the direction of the trend (e.g., take long positions during a green background). Signal Indicators: The plotted symbols like "Bullish Close" and "Bearish Close" provide visual signals of key price actions, useful for timing entry or exit points. Practical use Example Scenario: The market is consolidating, and you see alternating green and red bars. Action: Wait for a consistent sequence of green bars (buy pressure) along with a green background (uptrend) to consider going long, although you can go long without having a green background, the background adds confirmation layer. Scenario: The market has several bearish closes (red ▼ symbols) accompanied by increasing volume. Action: This could indicate strong selling pressure. If the background also turns red, it might be a good time to exit long positions or consider shorting. Higher timeframe pressure and volume: Another way to use the indicator is to check buy/sell volume and pressure of the higher timeframe say weekly or daily or any timeframe you consider higher, once you’ve identified or feel confident in which direction the bar is going along with the full picture of trend, you can go to the lower timeframe and wait for it to sync with the higher timeframe to consider a long or a short. It is also easier to see when markets sync up by also applying the Enhanced Pressure MTF Screener which works in companion to this indicator. Visual Cues and Interpretation Combined Pressure Plot: The green and red column plot at the bottom of the chart represents the dominance between buying and selling. Tall green bars signify strong buying, while tall red bars indicate selling dominance. Trend Background: Helps visualize the overall direction without manually drawing trend lines. When the background turns green, it generally indicates that the shorter-term moving average has crossed above the longer-term average—a sign of a bullish trend. To Summarize shortly The Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis Indicator is an advanced but simple tool designed to help traders visually understand market dynamics. It combines different aspects of market analysis of candle pressure from buyers and sellers, volume confirmation, and trend identification into a single view, which can assist both new and experienced traders in making informed trading decisions. This indicator: Saves time by simplifying market analysis. Provides clear visual cues for buy/sell pressure, volume, and trend. Offers customizable settings to suit individual trading styles. Always, I am happy to share my creations with you all for free. If you guys have cool ideas you would like to share, or suggestions for improvements the comment is below and I hope this overview gave an idea of how to use the indicator :D
Pine Script™ indicator
by Debis03
God's eye Linear regression 30 sec or 1 minThis Pine Script indicator, "God's Eye Linear Regression MTF," is designed for TradingView to apply multi-timeframe (MTF) analysis using linear regression and several technical indicators. Update from // © LonesomeTheBlue Linear Regression Channel Script (Pine Script v4) Focus: This script primarily focuses on detecting and visualizing a linear regression channel with deviation bands to show price trends and potential breakouts. Key Features: Channel Boundaries: Calculates upper and lower channel lines based on linear regression, with customizable deviation for width. Deviation Control: Allows users to control the deviation level and extend lines visually on the chart. Fibonacci Levels: Optional Fibonacci levels are displayed within the channel for additional insights. Trend Detection: Labels trend direction changes and plots colors to indicate uptrend or downtrend. Alerts: Trigger alerts when the price moves out of the channel (indicating a breakout) or when the trend direction changes. Style and Presentation: Uses lines, labels, and color settings to visualize the trend direction on the price chart itself. 2. Multi-Timeframe Linear Regression Trend (Pine Script v5) Focus: This script emphasizes multi-timeframe trend analysis by evaluating and visualizing trend direction across multiple timeframes with separate trend bars and buy/sell signals. Key Features: Timeframe Customization: Offers five configurable timeframes for trend detection, allowing for both short- and long-term analysis. Column Color Coding: Uses different color schemes for the regression slopes in both short-term and long-term trends, providing clear differentiation. Buy and Sell Volume Analysis: Analyzes the slope of buy and sell volumes, indicating the strength of each trend. Multi-TF Indicators: Generates signals across the selected timeframes, plotting separate trend bars for each timeframe. These are color-coded based on the calculated direction. Buy/Sell Signal Generation: Combines the signals from all timeframes and generates buy or sell alerts when all frames align positively or negatively. Here’s an overview of its key functionalities: Multi-Timeframe Linear Regression: The indicator calculates linear regression trends for up to five user-defined timeframes (tf1 to tf5). Short-term and long-term slopes of price and volume are determined using linear regression functions, helping to detect market direction and strength. Volume and Price Slope Analysis: It measures the slopes of both price and volume using different look-back lengths (len1 for short-term, len2 for long-term) to highlight upward or downward trends. The volume slopes are used to color columns, providing visual cues for bullish or bearish trends. Candle and Trend Filters: The script defines candle characteristics (body, top wick, bottom wick) to calculate buy/sell volume ratios and combines these with EMA (Exponential Moving Average) crossovers for trend filtering. Bullish and bearish signals are generated based on certain conditions, including candle transition patterns and EMA levels. Directional Signals and Alerts: Using the computed slopes and user-specified timeframes, it aggregates directional trends across the five timeframes. If all trends align bullish or bearish across timeframes, buy or sell signals are generated. The indicator also has alert conditions for notifying the user when certain patterns, such as bullish or bearish engulfing, occur. Channel and Trend Confidence: The indicator calculates Pearson's R, a statistical measure of linear correlation, across various periods to gauge the trend's strength. These values inform the user of trend reliability, displaying descriptors like "Strong," "Very Weak," etc. Settings and Customization: Users can adjust parameters for EMA lengths, RSI-based sensitivity, and filter days for trading. There’s also a feature to display the calculated trend correlation as text on the chart and a table that adjusts positions based on user input. Chart Overlays and Visuals: The script plots key levels and channel lines on the chart for visual trend analysis, with different color codes representing the direction and confidence of the detected trends. In summary, this advanced indicator combines multi-timeframe trend analysis, volume and price-based regression slopes, and directional filters to generate trade signals and alerts, aiming to provide comprehensive trend insights for traders. Use for TF 30 sec or 1 m
Pine Script™ indicator
by GodeyeThelasthope
Probabilistic Trend Oscillator** MACD PLOTS ARE NOT PART OF THE INDICATOR IT IS FOR COMPARSION** The "Probabilistic Trend Oscillator" is a technical indicator designed to measure trend strength and direction by analyzing price behavior relative to a moving average over both long-term and short-term periods. This indicator incorporates several innovative features, including probabilistic trend detection, enhanced strength scaling, and percentile-based thresholds for identifying potential trend reversals. Key Components Inputs: The indicator allows users to customize several key parameters: EMA Length defines the period for the Exponential Moving Average (EMA), which serves as a baseline to classify trend direction. Long and Short Term Lengths provide customizable periods for analyzing trend strength over different timeframes. Signal Line Length is used to smooth the trend strength data, helping users spot more reliable trend signals. Extreme Value Lookback Length controls how far back to look when calculating percentile thresholds, which are used to identify overbought and oversold zones. Trend Classification: The indicator categorizes price behavior into four conditions: Green: Price closes above the open and is also above the EMA, suggesting a strong upward trend. Red: Price closes below the open but is above the EMA, indicating weaker upward pressure. Green1: Price closes above the open but remains below the EMA, representing weak upward movement. Red1: Price closes below the open and the EMA, signaling a strong downward trend. Trend Strength Calculation: The script calculates long-term and short-term trend values based on the frequency of these trend conditions, normalizing them to create probabilistic scores. It then measures the difference between the short-term and long-term trend values, creating a metric that reflects the intensity of the current trend. This comparison provides insight into whether the trend is strengthening or weakening. Enhanced Trend Strength: To emphasize significant movements, the trend strength metric is scaled by the average absolute price change (distance between close and open prices). This creates an "enhanced trend strength" value that highlights periods with high momentum. Users can toggle between two variations of trend strength: Absolute Trend Strength is a straightforward measure of the trend's force. Relative Trend Strength accounts for deviations between short term and long term values, focusing on how current price action differs from a long term behavior. Percentile-Based Thresholds: The indicator calculates percentile thresholds over the specified lookback period to mark extreme values: The 97th and 3rd percentiles act as overbought and oversold zones, respectively, indicating potential reversal points. Intermediate levels (75th and 25th percentiles) are added to give additional context for overbought or oversold conditions, creating a probabilistic range. Visualization: The selected trend strength value (either absolute or relative) is plotted in orange. Overbought (green) and oversold (red) percentiles are marked with dashed lines and filled in blue, highlighting potential reversal zones. The signal line—a smoothed EMA of the trend strength—is plotted in white, helping users to confirm trend changes. A gray horizontal line at zero acts as a baseline, further clarifying the strength of upward vs. downward trends. Summary This indicator provides a flexible, probabilistic approach to trend detection, allowing users to monitor trend strength with customizable thresholds and lookback periods. By combining percentile-based thresholds with enhanced trend strength scaling, it offers insights into market reversals and momentum shifts, making it a valuable tool for both trend-following and counter-trend trading strategies.
Pine Script™ indicator
by federalTacos5392b
eZ NFP FOMC LevelseZ NFP FOMC Levels tracks the daily highs and lows for NFP and FOMC for the last several events. These levels have proven important daily levels for most every ticker. Add it and observe. Then use these levels to supplement your emas, pivots and fibs. Many thanks to @PaperGainsInc on X for introducing me to the concept! Happy Trading! Note: It's not perfect but it works pretty well. If the levels aren't showing or the labels repeat, just switch timeframes and that should fix it.
Pine Script™ indicator
by empowerZ
Enhanced Pressure MTF ScreenerEnhanced Pressure Multi-Timeframe (MTF) Screener Indicator Overview The Enhanced Pressure MTF Screener is an add-on that extends the capabilities of the Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis . It provides a clear and consolidated view of buy/sell pressure across multiple timeframes. This indicator allows traders to determine when different timeframes are synchronized in the same trend direction, which is particularly useful for making high-confidence trading decisions. Image below: is the Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis with the Enhanced Pressure MTF Screener indicator both active together. Key Features 1.Multi-Timeframe Analysis The indicator screens various predefined timeframes (from 1 week down to 10 minutes). It offers a table view that shows buy or sell ratings for each timeframe, making it easy to see which timeframes are aligned. Traders can choose which timeframes to include based on their trading strategies (e.g., higher timeframes for position trading, lower timeframes for scalping). 2.Pressure and Trend Calculation Uses Buy and Sell Pressure calculations from the Enhanced Buy/Sell Pressure indicator to determine whether buying or selling is dominant in each timeframe. By analyzing pressures on multiple timeframes, the indicator gives a comprehensive perspective of the current market sentiment. The indicator calculates whether a move is strong based on user-defined thresholds, which are displayed in the form of additional signals. 3.Heikin Ashi Option The Heikin Ashi candle type can be toggled on or off. Using Heikin Ashi helps smooth out market noise and provides a clearer indication of trend direction. This is particularly helpful for traders who want to filter out market noise and focus on the primary trend. 4.Table Customization Table Positioning: The table showing timeframe data can be positioned at different locations on the chart—top, middle, or bottom. Text and Alignment: The alignment and text size of the table can be customized for better visual clarity. Color Settings: Users can choose specific colors to indicate buying and selling pressure across timeframes, making it easy to interpret. 5.Strong Movement Indicators The screener provides an additional visual cue (🔥) for timeframes where the movement is deemed strong, based on a user-defined threshold. This helps highlight timeframes where significant buying or selling pressure is present, which could signal potential trading opportunities. How the Screener Works 1.Pressure Calculation For each selected timeframe, the indicator retrieves the Open, High, Low, and Close (OHLC) values. It calculates buy pressure (the range between high and low when the closing price is higher than the opening) and sell pressure (the range between high and low when the closing price is equal to or lower than the opening). The screener computes the pressure ratio, which represents the difference between buying and selling pressure, to determine which side is dominant. 2.Trend Rating and Signal Generation Based on the calculated pressure, the screener determines a trend rating for each timeframe: "Buy," "Sell," or "Neutral." (▲ ,▼ or •) Additionally, it generates a signal (▲ or ▼) to indicate the current trend direction and whether the move is strong (based on the user-defined threshold). If the movement is strong, a fire icon (🔥) is added to indicate that there is significant pressure on that timeframe, signaling a higher confidence in the trend. 3.Customizable Strong Move Thresholds Strong Move Threshold: The screener uses this value to decide whether a trend is significantly strong. A higher value makes it more selective in determining strong moves. Strong Movement Threshold: Helps determine when an additional strong signal should be displayed, offering further insight into the strength of market movement. Inputs and Customization The Enhanced Pressure MTF Screener is highly customizable to fit the needs of individual traders: General Settings: Use Heikin Ashi: Toggle this setting to use Heikin Ashi for a smoother trend representation. Strong Move Threshold: Defines how strong a move should be to be considered significant. Strong Movement Threshold: Specifies the level of pressure required to highlight a move with the fire icon. Table Settings: Position: Choose the vertical position of the screener table (top, middle, or bottom of the chart). Alignment: Align the table (left, center, or right) to best suit your chart layout. Text Size: Adjust the text size in the table for better readability. Table Color Settings: Users can set different colors to represent buying and selling signals for better visual clarity, particularly when scanning multiple timeframes. Timeframe Settings: The screener provides options to include up to ten different timeframes. Traders can select and customize each timeframe to match their strategy. Examples of available timeframes include 1 Week, 1 Day, 12 Hours, down to 10 Minutes, allowing for both broad and detailed analysis. Practical Use Case Identifying Trend Alignment Across Timeframes: Imagine you are about to take a long trade but want to make sure that the trend direction is aligned across multiple timeframes. The screener displays "Buy" ratings across the 4H, 1H, 30M, and 10M timeframes, while higher timeframes (like 1W and 1D) also show "Buy" with strong signals (🔥). This indicates that buying pressure is strong across the board, adding confidence to your trade. Spotting Reversal Opportunities: If a downtrend is evident across most timeframes but suddenly a higher timeframe, such as 12H, changes to "Buy" while showing a strong move (🔥), this could indicate a potential reversal. The screener allows you to spot these discrepancies and consider taking early action. Benefits for Traders 1.Synchronization Across Timeframes: One of the main strengths of this screener is its ability to show synchronized buy/sell signals across different timeframes. This makes it easy to confirm the strength and consistency of a trend. For example, if you see that all the selected timeframes display "Buy," this implies that both short-term and long-term traders are favoring the upside, giving additional confidence to go long. 2.Quick and Visual Trend Overview: The table offers an at-a-glance summary, reducing the time required to manually inspect each timeframe. This makes it particularly useful for traders who want to make quick decisions, such as day traders or scalpers. 3.Strong Move Indicator: The use of fire icons (🔥) provides an easy way to identify significant movements. This is particularly helpful for traders looking for breakouts or strong market conditions that could lead to high probability trades. To put it short or to summarize The Enhanced Pressure MTF Screener is a powerful add-on for traders looking to understand how buy and sell pressure aligns across multiple timeframes. It offers: A clear summary of buying or selling pressure across different timeframes. Heikin Ashi smoothing, providing an option to reduce market noise. Strong movement signals to highlight significant trading opportunities. Customizable settings to fit any trading strategy or style. The screener and the main indicator are best used together, as the screener provides the multi-timeframe overview, while the main indicator provides an in-depth look at each individual bar and trend. I hope my indicator helps with your trading, if you guys have any ideas or questions there is the comment section :D
Pine Script™ indicator
by Debis03
Market Stats Panel [Daveatt]█ Introduction I've created a script that brings TradingView's watchlist stats panel functionality directly to your charts. This isn't just another performance indicator - it's a pixel-perfect (kidding) recreation of TradingView's native stats panel. Important Notes You might need to adjust manually the scaling the firs time you're using this script to display nicely all the elements. █ Core Features Performance Metrics The panel displays key performance metrics (1W, 1M, 3M, 6M, YTD, 1Y) in real-time, with color-coded boxes (green for positive, red for negative) for instant performance assessment. Display Modes Switch seamlessly between absolute prices and percentage returns, making it easy to compare assets across different price scales. Absolute mode Percent mode Historical Comparison View year-over-year performance with color-coded lines, allowing for quick historical pattern recognition and analysis. Data Structure Innovation Let's talk about one of the most interesting challenges I faced. PineScript has this quirky limitation where request.security() can only return 127 tuples at most. £To work around this, I implemented a dual-request system. The first request handles indices 0-63, while the second one takes care of indices 64-127. 
 This approach lets us maintain extensive historical data without compromising script stability. And here's the cool part: if you need to handle even more years of historical data, you can simply extend this pattern by adding more request.security() calls. 
 Each additional call can fetch another batch of monthly open prices and timestamps, following the same structure I've used. 
 Think of it as building with LEGO blocks - you can keep adding more pieces to extend your historical reach. Flexible Date Range Unlike many scripts that box you into specific timeframes, I've designed this one to be completely flexible with your date selection. You can set any start year, any end year, and the script will dynamically scale everything to match. The visual presentation automatically adjusts to whatever range you choose, ensuring your data is always displayed optimally. █ Customization Options Visual Settings The panel's visual elements are highly customizable. You can adjust the panel width to perfectly fit your workspace, fine-tune the line thickness to match your preferences, and enjoy the pre-defined year color scheme that makes tracking historical performance intuitive and visually appealing. Box Dimensions Every aspect of the performance boxes can be tailored to your needs. Adjust their height and width, fine-tune the spacing between them, and position the entire panel exactly where you want it on your chart. The goal is to make this tool feel like it's truly yours. █ Technical Challenges Solved Polyline Precision Creating precise polylines was perhaps the most demanding aspect of this project. The challenge was ensuring accurate positioning across both time and price axes, while handling percentage mode scaling with precision. The script constantly updates the current year's data in real-time, seamlessly integrating new information as it comes in. Axis Management Getting the axes right was like solving a complex puzzle. The Y-axis needed to scale dynamically whether you're viewing absolute prices or percentages. The X-axis required careful month labeling that stays clean and readable regardless of your selected timeframe. Everything needed to align perfectly while maintaining proper spacing in all conditions. █ Final Notes This tool transforms complex market data into clear, actionable insights. Whether you're day trading or analyzing long-term trends, it provides the information you need to make informed decisions. And remember, while we can't predict the future, we can certainly be better prepared for it with the right tools at hand. A word of warning though - seeing those red numbers in a beautifully formatted panel doesn't make them any less painful! 😉 --- Happy Trading! May your charts be green and your stops be far away! Daveatt
Pine Script™ indicator
by Daveatt
Smoothed Heiken Ashi Trend FilterThis indicator applies the Heiken Ashi technique with added smoothing and trend filtering to help reduce noise and improve trend detection. Components of the Indicator: Heiken Ashi Calculations: Heiken Ashi Close (ha_close): This is the smoothed average of the current bar’s open, high, low, and close prices, calculated with a simple moving average (SMA) to filter out noise. Heiken Ashi Open (ha_open): This is the average of the previous Heiken Ashi Open and the current Heiken Ashi Close. It’s also initialized to smooth the transition on the first bar. Heiken Ashi High (ha_high) and Low (ha_low): These values are calculated as the highest and lowest values among the high, Heiken Ashi Open, and Heiken Ashi Close for each bar. Smoothing and Noise Reduction: Smoothing Length: The indicator applies a smoothing length to the Heiken Ashi Close, calculated with an SMA. This reduces minor fluctuations, giving a clearer view of the price action. Minimum Body Size Filter: This filter calculates the body size of each Heiken Ashi candle and compares it to a percentage of the Average True Range (ATR). Only significant candles (those with larger bodies) are plotted, reducing weak or indecisive signals. Trend Filtering with Moving Average: The indicator uses a simple moving average (SMA) as a trend filter. By comparing the Heiken Ashi Close to the moving average: Bullish Trend: The Heiken Ashi candle is green when it’s above the moving average. Bearish Trend: The Heiken Ashi candle is red when it’s below the moving average. How to Use This Indicator: Trend Identification: Green candles signify a bullish trend, while red candles signify a bearish trend. The smoothing and trend filtering make it easier to identify sustained trends and avoid reacting to short-term fluctuations. Filtering Out Noise: Minor price fluctuations and small-bodied candles (often resulting in indecisive signals) are filtered out, leaving only significant signals. Adjustable Parameters: Smoothing Length: Controls the degree of smoothing applied to the Heiken Ashi Close value. Increasing this value will make the Heiken Ashi candles smoother. Minimum Body Size: This is a percentage of the ATR, used to filter out small or indecisive candles. Trend Moving Average Length: Controls the period of the moving average used as a trend filter. This Smoothed Heiken Ashi Trend Filter indicator is useful for identifying trends and filtering out noisy signals. By smoothing and filtering, it helps traders focus on the overall trend rather than minor price movements. Let me know if there’s anything more you’d like to add or adjust!
Pine Script™ indicator
by tSageHuz
4
Simplified MetroThis is a derivative of J. Welles Wilder's RSI (Relative Strength Index) from 1978. This version uses a fast and slow offset of the RSI to create signals. The RSI itself has been removed from this version for visual simplicity, but its setting still has an impact on the fast and slow stepped lines. The "RSI Period" sets the number of bars used to calculate the RSI. A higher value results in a smoother RSI, while a lower value makes it more reactive to price changes. The "Fast Step Size" defines the step size for the fast trend line. A larger value makes the fast step line less sensitive to RSI changes, creating a smoother line. The "Slow Step Size" defines the step size for the slow trend line. A larger value makes the slow step line less sensitive to RSI changes, resulting in a smoother line compared to the fast step. When the faster blue line crosses and closes above the slower fuchsia line we have a signal to go long, and vice versa we take a short position. This indicator should not be traded on its own, but could be a valuable addition to a system used for identifying trends.
Pine Script™ indicator
by nacht
Trend Volume * RMS BUY SELL * V4 By DemirkanThis indicator is a trading tool designed to assist in analyzing market trends. It primarily uses Hull Moving Average (HMA) and Root Mean Square (RMS) volume analysis to generate buy and sell signals. Below is a detailed explanation of the functions used and their purposes: 1. EMA and ATR User Settings pine Kodu kopyala emaLength = input.int(10, title="EMA Length") atrLength = input.int(14, title="ATR Length") atrMin = input.float(0.1, title="ATR Min") atrMax = input.float(1.5, title="ATR Max") colorUp = input.color(color.green, title="Buy Color") colorDown = input.color(color.red, title="Sell Color") This section allows the user to customize the indicator's parameters: EMA Length: The period length for the Exponential Moving Average (EMA). ATR Length: The period length for the Average True Range (ATR) indicator. ATR Min and ATR Max: Minimum and maximum values for ATR. colorUp and colorDown: Colors for the buy and sell signals. 2. Hull Moving Average (HMA) Settings pine Kodu kopyala src = input(close, title="Source") length = input.int(55, title="Hull Length") lengthMult = input.float(1.0, title="Length Multiplier") useHtf = input.bool(false, title="Show Hull MA from X timeframe?") htf = input.timeframe("240", title="Higher timeframe") This section sets up the parameters for the Hull Moving Average (HMA): Source: The price source to use for HMA calculation (e.g., close price). Hull Length: The period length for HMA calculation. Length Multiplier: Multiplier for the HMA period. useHtf: Allows the user to display the HMA from a different time frame (e.g., 4-hour chart). htf: The time frame for the HMA calculation. 3. Hull MA Function pine Kodu kopyala HMA(_src, _length) => ta.wma(2 * ta.wma(_src, _length / 2) - ta.wma(_src, _length), math.round(math.sqrt(_length))) Here, the function for calculating the Hull Moving Average (HMA) is defined: WMA (Weighted Moving Average): The weighted moving average function used in HMA calculation. math.sqrt: The square root of the period length is used to improve the accuracy of HMA. 4. RMS Volume Calculation pine Kodu kopyala trendLength = input.int(20, title="RMS Trend Length") rmsVolume = math.sqrt(ta.sma(math.pow(volume, 2), trendLength)) This section calculates the Root Mean Square (RMS) of volume: RMS: The square root of the average of squared volume values is calculated to measure volume variability. SMA (Simple Moving Average): The average volume is calculated over a specified period. 5. RMS Volume Categorization pine Kodu kopyala rmsCategory = "Low" if rmsVolume > 1.5 rmsCategory := "High" else if rmsVolume > 0.5 rmsCategory := "Medium" This code categorizes the RMS volume into Low, Medium, and High categories. It highlights the importance of price movements accompanied by high volume. 6. Buy and Sell Signals pine Kodu kopyala buySignal = (close > HULL) and (rmsCategory == "High") sellSignal = (close < HULL) and (rmsCategory == "High") Buy Signal: A buy signal is generated when the price is above the HMA and the volume is high. Sell Signal: A sell signal is generated when the price is below the HMA and the volume is high. 7. Plot Hull MA pine Kodu kopyala plot(HULL, title="Hull MA", color=color.blue, linewidth=2) The Hull Moving Average is plotted in blue with a line width of 2 pixels on the chart. 8. Buy/Sell Signals as Shapes pine Kodu kopyala plotshape(buySignal, title="Buy Signal", location=location.belowbar, color=colorUp, style=shape.triangleup, size=size.small) plotshape(sellSignal, title="Sell Signal", location=location.abovebar, color=colorDown, style=shape.triangledown, size=size.small) Buy and sell signals are displayed as triangle shapes with the specified colors on the chart. 9. Alert Conditions pine Kodu kopyala alertcondition(buySignal, title="Buy Alert", message="Price crossed above Hull MA with High RMS") alertcondition(sellSignal, title="Sell Alert", message="Price crossed below Hull MA with High RMS") These alert conditions notify the user when a buy or sell signal is triggered based on the Hull MA and RMS volume criteria. Purpose and Warnings: This indicator analyzes market trends using Hull Moving Average and RMS volume analysis, generating buy and sell signals based on high volume and trend direction. However, it should not be used as a standalone indicator. It must be complemented with other indicators and analysis methods. Always apply risk management and consider market conditions when making buy and sell decisions.
Pine Script™ indicator
by CyriptoWorldH
Swing Percentile Lines [QuantVue]The Swing High/Low Percentile Indicator is designed to help traders identify key price levels based on the most recent swing high and low. By anchoring to the most recent swing high and swing low, the indicator automatically generates percentile lines ( 25%, 50%, 75%) that act as dynamic support and resistance levels. What Does the Indicator Do? The Swing High/Low Percentile Indicator works by identifying the most recent significant price swings, whether it's a swing high or swing low. It then calculates the range between these points and divides the distance into percentage-based levels. These levels are plotted on the chart as clear, easy-to-read lines at 25%, 50%, and 75% of the range between the swing high and low. These percentile lines serve as dynamic price zones where traders can anticipate potential reactions, whether the market is trending or consolidating. How Can Traders Use the Indicator? Support and Resistance: The percentile lines act as evolving support and resistance zones. Traders can anticipate price bounces or breaks at these levels, providing opportunities for trend-following or reversal trades. Trend Identification: The indicator helps traders determine the strength of a trend. In a strong uptrend, price will likely stay above the 50% or 75% lines, while in a downtrend, it may remain below the 50% or 25% lines. This gives traders an edge in recognizing the overall market direction. Entry and Exit Points: Traders can use the percentile lines to time their entries and exits. For example, entering a trade on a pullback to the 25% or 50% line offers a favorable risk-to-reward ratio. Similarly, the percentile lines serve as natural profit targets, allowing traders to plan exits as the price approaches the 50% or 75% levels. Risk Management: The clear delineation of price levels makes it easy for traders to set stop-loss orders. For example, if price falls below the 25% line in an uptrend, it may signal weakness, prompting an exit or reduced position size. Breakout and Breakdown Scenarios: When price breaks above a recent swing high or below a swing low, the percentile lines provide traders with pullback entry opportunities or key levels to watch for continuation of the move.
Pine Script™ indicator
by QuantVue