Get started

Trend Analysis

MY MADAM DIOR'S GOLD STRATEGY MY MADAM DIOR'S GOLD 10-Minute Strategy is designed for trading Gold vs. USD on a 10-minute timeframe. By combining multiple technical indicators (MACD, RSI, Bollinger Bands, and ATR), the strategy effectively captures both trend-following and reversal opportunities, with adaptive risk management for varying market volatility. This approach balances high-probability entries with robust volatility management, making it suitable for traders seeking to optimise entries during significant price movements and reversals. Key Components and Logic: MACD (12, 26, 9): Generates buy signals on MACD Line crossovers above the Signal Line and sell signals on crossovers below the Signal Line, helping to capture momentum shifts. RSI (14): Utilizes oversold (below 35) and overbought (above 65) levels as a secondary filter to validate entries and avoid overextended price zones. Bollinger Bands (20, 2): Uses upper and lower Bollinger Bands to identify potential overbought and oversold conditions, aiming to enter long trades near the lower band and short trades near the upper band. ATR-Based Stop Loss and Take Profit: Stop Loss and Take Profit levels are dynamically set as multiples of ATR (3x for stop loss, 5x for take profit), ensuring flexibility with market volatility to optimise exit points. Entry & Exit Conditions: Buy Entry: Triggered when any of the following conditions are met: MACD Line crosses above the Signal Line RSI is oversold Price drops below the lower Bollinger Band Sell Entry: Triggered when any of the following conditions are met: MACD Line crosses below the Signal Line RSI is overbought Price moves above the upper Bollinger Band Exit Strategy: Trades are closed based on opposing entry signals, with adaptive spread adjustments for realistic exit points. Backtesting Configuration & Results: Backtesting Period: July 21, 2024, to October 30, 2024 Symbol Info: XAUUSD, 10-minute timeframe, OANDA data source Backtesting Capital: Initial capital of $700, with each trade set to 10 contracts (equivalent to approximately 0.1 lots based on the broker’s contract size for gold). Users should confirm their broker's contract size for gold, as this may differ. This script uses 10 contracts for backtesting purposes, aligned with 0.1 lots on brokers offering a 100-contract specification. This backtest reflects realistic conditions, with a spread adjustment of 38 points and no slippage or commission applied. The settings aim to simulate typical retail trading conditions. However, please adjust the initial capital, contract size, and other settings based on your account specifics for best results. Usage: This strategy is tuned specifically for XAUUSD on a 10-minute timeframe, ideal for both trend-following and reversal trades. The ATR-based stop loss and take profit levels adapt dynamically to market volatility, optimising entries and exits in varied conditions. To backtest this script accurately, ensure your broker’s contract specifications for gold align with the parameters used in this strategy. MY MADAM DIOR.....💃
Pine Script™ strategy
by MYMADAMDIOR
DiNapoli MACDThis indicator applies a modified version of the traditional MACD based on DiNapoli’s methodology. It computes two exponential moving averages using a fast period of 8 and a slow period of 17 to generate the MACD line, then derives a 9-period exponential moving average of this MACD line as the signal line. The histogram represents the difference between the MACD line and the signal line, providing a visual cue for potential trend changes. Default Settings: Fast EMA Length: 8 Slow EMA Length: 17 Signal EMA Length: 9 Source: close
Pine Script™ indicator
by the_bitcoin_ceo
Combined Oscillator with DivergenceI Created this Scrip to use Divergence Effectively. For Buy look for the RSI and Stochastic RSI to cut the oversold zone(30) from below. For Sell look for the RSI and Stochastic RSI to cut the over bought zone(70) from Above. I have observed that Signals generated in between Over bought and Over Sold zones are not that effective. Use Strict stop loss for any trade you take. I am not responsible for any profit or loss you make by using this Scrip
Pine Script™ indicator
by omkarpatki
Killzone Session Lines [odnac]This Pine Script indicator displays vertical lines marking the start of key market sessions, known as Killzones, for both today and yesterday. These lines help traders identify important trading hours for the Asia, Europe, and New York sessions. Killzone Vertical Lines: Draws vertical lines for the start of the Asia, Europe, and New York sessions. Displays lines for both today and the previous day to compare price action across sessions. Customizable Time Settings: Users can set the exact start hour and minute for each Killzone. Time zones adjust automatically based on the chart's time zone. Visual Customization: Change the color, width, and style of the vertical lines (solid, dotted, dashed). Toggle each session's lines individually for a cleaner chart. Previous Start Lines: Optional lines for the opening of today, the previous day, and the previous week, providing historical context for support and resistance levels. Why Use This Indicator? Session Awareness: Know exactly when major market sessions start to identify potential volatility spikes. Historical Context: Compare today’s price action with previous sessions to spot recurring patterns. Clean Charting: Automatic updates prevent clutter, keeping your workspace organized. Flexible Customization: Tailor the display to fit your trading style and preferences.
Pine Script™ indicator
by odnac
TEMA OBOS Strategy 【Pakun】📌 Overview The TEMA + OBOS Strategy is an advanced trading strategy that combines the Triple Exponential Moving Average (TEMA) for trend-following and the Overbought/Oversold (OBOS) indicator for trade filtering. This strategy leverages TEMA crossovers to identify trends and applies OBOS as a filter to improve entry precision. 💡 Main Objectives Clearly determine trend direction (using TEMA) Filter out overbought and oversold conditions (using OBOS) Implement dynamic risk management (using ATR-based TP/SL) This strategy is suitable for a wide range of markets, including Forex, stocks, and cryptocurrencies, and is best applied on mid-timeframes such as 15-minute to 1-hour charts. 📌 Key Features 🔹 Trend Analysis with TEMA (Triple EMA) Generates entry signals based on ema3 and ema4 crossovers Uses ema4 as the primary trend filter 🔹 Entry Optimization with OBOS (Overbought/Oversold Indicator) up > down → Buy entry, up < down → Sell entry Filters out excessive buying and selling conditions to improve accuracy 🔹 Take Profit & Stop Loss Based on ATR ATR (Average True Range) multiplier is adjustable Fully customizable TP/SL settings (default: TP = ATR × 2, SL = ATR × 1.5) 🔹 Customizable Parameters TEMA Length (TEMA calculation period) OBOS Length (OBOS calculation period) Take Profit Multiplier (TP ratio) Stop Loss Multiplier (SL ratio) Show EMA? (Enable/disable TEMA lines) Barcolor? (Enable/disable candlestick coloring) 📌 Trading Parameters This strategy follows these trading rules: ✅ Long Entry (Buy) ema3 crosses above ema4 (Golden Cross) OBOS indicator confirms up > down (uptrend confirmation) A long position is executed ✅ Short Entry (Sell) ema3 crosses below ema4 (Death Cross) OBOS indicator confirms up < down (downtrend confirmation) A short position is executed ✅ Take Profit (TP) Profit is taken when the price reaches Entry Price + ATR × TP multiplier (default: 2.0) ✅ Stop Loss (SL) Loss is cut when the price reaches Entry Price - ATR × SL multiplier (default: 1.5) 📌 TP/SL values are fully customizable, allowing traders to fine-tune risk management. 📌 Risk Management Parameters This strategy emphasizes flexible position sizing and risk control: 💰 Account Size: $7000 📉 Commissions & Slippage: Assumes 0-94 pips commission and 1 pip slippage ⚖️ Order Size: 10% of equity (adjustable as needed) These settings help balance risk and reward while protecting capital. 📌 Visual Aids for Clarity This strategy provides clear visual cues on the chart: 📊 TEMA Lines (3 EMA Levels) Color change (Blue/Orange) indicates trend direction ema3 (short-term) and ema4 (long-term) crossover signals 📉 OBOS Histogram Green → Bullish pressure Red → Bearish pressure Blue → Potential trend shift 🔹 Entry & Exit Markers 🔼 Long Entry (Blue arrow) 🔽 Short Entry (Red arrow) ✅ Take Profit / Stop Loss Levels 📌 Originality & Enhancements This strategy is based on the indicators " l_lonthoff " and " jdmonto0 ", with several improvements and enhancements. While utilizing the core concepts of these indicators, we have optimized entry accuracy, improved visual clarity, and enhanced risk management features. 📌 Improvements & Upgrades ✅ Enhanced Trend Identification with TEMA (Triple EMA) Uses ema3 (short-term) and ema4 (long-term) to detect trend shifts earlier Reduces false signals and enables better trend-following trades ✅ Improved Filtering with OBOS (Overbought/Oversold Indicator) Inspired by "jdmonto0", this feature filters overbought/oversold conditions for smarter trade entries Reduces unnecessary trades and minimizes risk exposure ✅ Dynamic Risk Management with ATR (Average True Range) Uses volatility-adjusted TP/SL levels instead of fixed values Fully customizable ATR-based TP/SL multipliers (Default: TP = ATR × 2, SL = ATR × 1.5) ✅ Visual Enhancements for Clarity TEMA lines change color dynamically to indicate trend direction OBOS histogram provides an intuitive view of buying and selling pressure Entry & exit markers make trades easy to track on the chart 📌 Summary 📌 TEMA + OBOS Strategy combines trend analysis and oscillators to create a powerful yet simple trading system: Identifies trend direction using TEMA (Triple EMA) Filters out noise and overbought/oversold conditions using OBOS Applies ATR-based TP/SL settings for dynamic risk management 💡 Recommended for: ✅ Traders who prefer trend-following strategies ✅ Those who want a systematic, rules-based trading approach ✅ Users looking for a customizable strategy with strong risk management 📌 Try it out and backtest the results! 🚀 💡 How to Upload to TradingView Paste this description in the Pine Script editor's "Strategy Description" field Save and publish the script Ensure that the "Description" field is filled with this content Share it with the TradingView community! 📌 This strategy provides a structured, risk-managed approach to trading. Try it out and see how it performs! 🔥
Pine Script™ strategy
by PakunFX
BSORBTC/SOL Oscillator Ratio (tested data was at 4 hour intervals) Above 0.5: The BTC/SOL ratio is increasing (BTC outpacing SOL). From our analysis, SOL rose only 37.4% of the time after this (34/91 cases), so it’s more likely to fall in the next 4 hour window. Below 0.5: The ratio is decreasing (SOL outpacing BTC). SOL rose 81.9% of the time after this (149/182 cases), suggesting a likely SOL increase in next 4 hour window. Near 0.5: Ratio stable, SOL’s direction less clear (48% up in our data).
Pine Script™ indicator
by iSam373
JF Crypto Scanner JF BETA📌 Descripción General Crypto Scanner con Tabla es un indicador avanzado de análisis multi-activo que permite a los traders monitorear hasta 20 activos simultáneamente en una tabla interactiva. Utiliza la combinación de TRAMA (Adaptive Moving Trend) y Trendlines Automáticas para identificar tendencias y detectar rupturas clave en el mercado. Este indicador resume un grupo de argumentos que se usan con el fin de ejecutar una estrategia, no es un indicador de señales sino de seguimiento. El indicador muestra información clave de cada activo en una tabla visual, proporcionando: ✔️ Precio actual del activo ✔️ Condición de la tendencia (Alcista/Bajista) ✔️ Detección de rupturas de líneas de tendencia ✔️ Señales de entrada en LONG o SHORT Este scanner es ideal para traders de criptomonedas y otros mercados que desean analizar múltiples activos en un solo gráfico sin cambiar constantemente de ventana . --- 📊 ¿Cómo Funciona? El indicador combina tres metodologías principales para proporcionar un análisis detallado: 1️⃣ TRAMA (Tendencia Adaptativa Móvil de Ruido) - Un indicador de tendencia dinámico que suaviza los movimientos del precio. - Si el precio está por encima de la TRAMA, se genera una señal alcista (▲) . - Si el precio está por debajo, se genera una señal bajista (▼) . 2️⃣ Trendlines Automáticas (Líneas de Tendencia) - Detecta puntos de pivote clave y genera líneas de tendencia dinámicas. - Identifica si el activo ha realizado una ruptura alcista o bajista . 3️⃣ Rupturas de Trendlines (Breakouts) - Si el precio rompe una línea de tendencia superior , se considera un breakout alcista (Bullish) . - Si el precio rompe una línea de tendencia inferior , se considera un breakout bajista (Bearish) . - Estas rupturas son clave para detectar posibles entradas en el mercado. --- 📋 ¿Cómo Leer la Tabla del Scanner? El indicador muestra una tabla con 5 columnas clave para cada activo: 🔹 Activo: Muestra el símbolo del activo analizado. 🔹 Precio: Último precio de cierre del activo. 🔹 Condición: Indica si el precio está sobre o bajo la TRAMA (▲/▼). 🔹 Señal: Indica si hay una posible entrada en LONG (verde) o SHORT (rojo) . 🔹 Ruptura TL: Muestra si el precio ha roto una línea de tendencia ( Bullish⬆️ o Bearish⬇️ ). 📌 Ejemplo: | Activo | Precio | Condición | Señal | Ruptura TL | |--------|--------|------------|------------|------------| | BTCUSDT | 50,200 | ▲ (Verde) | LONG | ⬆️ Bullish | | ETHUSDT | 3,700 | ▼ (Rojo) | Neutral | None | | ADAUSDT | 1.50 | ▼ (Rojo) | SHORT | ⬇️ Bearish | --- ⚙️ Configuración del Indicador El usuario puede personalizar: ✅ Número de activos a analizar (hasta 20). ✅ Ubicación de la tabla en el gráfico . ✅ Aspectos visuales de la tabla y los colores de las señales . 🚀 Importante: Este indicador no permite modificar los cálculos internos, garantizando la consistencia de las señales en cada análisis. --- ⚠️ Consideraciones y Advertencias ⚠️ Este indicador NO ejecuta órdenes automáticamente . Es una herramienta de análisis y debe ser utilizada junto con una estrategia de gestión de riesgos. ⚠️ No garantiza rentabilidad: Las señales deben ser confirmadas con análisis técnico adicional. ⚠️ Cumple con las reglas de TradingView: No utiliza gráficos prohibidos ni información engañosa. --- 🎯 Conclusión Crypto Scanner con Tabla (TRAMA + Trendlines) es una herramienta versátil y poderosa que permite analizar múltiples activos en tiempo real. Su combinación de TRAMA, trendlines automáticas y detección de rupturas lo convierte en un scanner ideal para traders que buscan oportunidades de trading en mercados dinámicos. 🔥 Úsalo para optimizar tu análisis y encontrar oportunidades de trading con mayor precisión! 🚀📊
Pine Script™ indicator
by isnardokun77425
1
Multi-Timeframe 200 EMAMulti-Timeframe 200 EMA Indicator Description: This indicator plots the 200-period Exponential Moving Average (EMA) from multiple timeframes on a single chart. It allows traders to visualize key trend levels across different timeframes, helping with confluence, trend identification, and potential trade setups. Key Features: Multi-Timeframe EMAs: Displays the 200 EMA from the 2m, 5m, 15m, 30m, 1hr, and 4hr timeframes, regardless of the chart's current timeframe. Dynamic Labeling: Each EMA is labeled with its respective timeframe (e.g., "2m", "1hr", "4hr") and the labels update in real-time, staying on the current EMA value. Auto-Updating Labels: The labels move with the EMAs as new candles form, ensuring a clean and informative display. Old labels automatically disappear to prevent clutter. Color-Coded EMAs: Each EMA has a unique color, making it easy to differentiate between timeframes. How to Use This Indicator in Trading: Trend Confirmation: If price stays above the higher timeframe 200 EMA (e.g., 1hr, 4hr), it suggests an uptrend; below it suggests a downtrend. Support & Resistance Zones: The 200 EMA from larger timeframes often acts as strong dynamic support or resistance. Multi-Timeframe Confluence: If multiple EMAs are aligned in the same direction, it strengthens the trend bias. Reversal or Breakout Signals: When price crosses above or below a higher timeframe EMA, it could indicate a potential trend change or breakout opportunity. Best Used For: 🔹 Scalpers & Day Traders: Helps identify intraday trends and key levels across multiple timeframes. 🔹 Swing Traders: Useful for aligning trade setups with higher timeframe trends. 🔹 Trend Followers: Provides confirmation of long-term trends using the 200 EMA.
Pine Script™ indicator
by cesar7olvera
Correction Table# Correction Table Indicator A powerful TradingView indicator that displays a comprehensive table showing price corrections from All-Time High (ATH) and the 200-day Simple Moving Average (SMA). ## Features - Real-time calculation of 200-day Simple Moving Average (SMA) - Display of current price deviations from 200 SMA - ATH-based correction levels (-10%, -20%, -30%, -40%, -50%) - Clear visualization through a customizable table - Price differences shown in both absolute and percentage terms - Color-coded positive/negative deviations for better readability ## Parameters - **ATH Calculation Period**: Number of days to look back for calculating All-Time High (default: 90 days) ## Table Information The indicator displays a table in the top-right corner of your chart with the following information: - **200 SMA**: Current 200-day Simple Moving Average value - **ATH-10%**: Price level at 10% below All-Time High - **ATH-20%**: Price level at 20% below All-Time High - **ATH-30%**: Price level at 30% below All-Time High - **ATH-40%**: Price level at 40% below All-Time High - **ATH-50%**: Price level at 50% below All-Time High Each row shows: - Target price level - Current deviation from the price - Percentage deviation
Pine Script™ indicator
by lilio
MY MADAM DIOR 2022This indicator focuses on detecting RBR and DBD patterns, which signify periods of increased momentum and potential continuation or reversal of the prevailing trend. The RBR pattern consists of a rally (upward movement), followed by a base (consolidation or retracement), and then another rally. It suggests that the upward momentum may persist and provide trading opportunities. On the other hand, the DBD pattern comprises a drop (downward movement), followed by a base, and then another drop. It indicates that the downward momentum might continue, offering potential shorting opportunities. Bullish(RBR) Bearish(DBD) 1. The bullish (RBR) and bearish (DBD) patterns share the same underlying logic, only differing in their directionality. 2. For both RBR and DBD patterns, the first rise/drop can consist of one or multiple candles. However, in the case of multiple candles, all candles must exhibit a bullish nature for RBR and a bearish nature for DBD. 3. It is a prerequisite for the first rise/drop to include at least one candle with a defined percentage of health, as determined by the user. 4. The base, following the first rise/drop, may comprise one or multiple candles. 5. To maintain consistency, the base is not allowed to retrace beyond 80%, although this value can be adjusted by the user. 6. Similar to the first rise/drop, the second rise/drop in both RBR and DBD patterns can consist of one or multiple candles. However, all candles within this phase must demonstrate a bullish nature for RBR and a bearish nature for DBD. 7. Confirmation of the bullish (RBR) pattern occurs when a candle closes above the high of the first rise. Conversely, the bearish (DBD) pattern is confirmed when a candle closes below the low of the first drop. Alerts can be set for all bullish and bearish pattern or for the first pattern in the range of similar pattern.
Pine Script™ indicator
by MYMADAMDIOR
Global Market Clock Pro🌍✨ Global Market Clock Pro is a market session visualizer that combines utility and fun on your charts! 📊⏰ This indicator includes three analog clocks representing the Tokyo, London, and New York sessions, added in an entertaining way to make analysis more enjoyable and dynamic. 😊 Each clock clearly shows the session start and end times through arcs and distinctive markers, making it easier to identify active market periods. 💡 Also, a statistics table is added offering detailed information for each session: 📊 Percentage Change : Displays the price variation between sessions. 💰 Price Range : Highlights volatility within each session. 📈 Session Volume : Evaluates market activity based on traded volume. 📊 Average Volatility : Helps measure price fluctuations over time. 📌 Mean (Average Close) : Calculated by dividing the sum of closing prices of each bar by the total number of bars recorded during the session. This value gives you a reference for average price behavior, helping you detect general trends and key support/resistance levels. 📉 📌 Max Range (Maximum Range) : Represents the largest difference recorded between the highest and lowest prices during the session. This indicator is crucial for identifying volatility peaks, as it shows how far the market moved during its most active moments. 🔥 ⚠️ VERY IMPORTANT : This tool works best only in timeframes under 4 hours ! ⏳ By integrating these data points directly into your chart, this indicator becomes a powerful tool to align your strategies with market activity in each session. Whether you're a day trader or a long-term investor, Global Market Clock Pro provides clear, data-driven insights to enhance decision-making. 💻📈 Español: 🌍✨ Global Market Clock Pro es un visualizador de sesiones de mercado que combina utilidad y diversión en tus gráficos. 📊⏰ Este indicador incluye tres relojes analógicos que representan las sesiones de Tokio, Londres y Nueva York, agregados de manera entretenida para hacer el análisis más ameno y dinámico. 😊 Cada reloj muestra con claridad los horarios de inicio y cierre de sesión mediante arcos y marcadores distintivos, facilitando la identificación de los periodos activos del mercado. 💡 Además, se añade una tabla de estadísticas que ofrece información detallada de cada sesión: 📊 Cambio porcentual : Muestra la variación de precio entre sesiones. 💰 Rango de precios : Destaca la volatilidad dentro de cada sesión. 📈 Volumen de sesión : Evalúa la actividad del mercado mediante el volumen negociado. 📊 Volatilidad promedio : Ayuda a medir las fluctuaciones del precio a lo largo del tiempo. 📌 Mean (Promedio de Cierre) : Se calcula dividiendo la suma de los precios de cierre de cada barra entre el número total de barras registradas durante la sesión. Este valor te brinda una referencia del comportamiento medio del precio, permitiéndote detectar tendencias generales y niveles clave de soporte o resistencia. 📉 📌 Max Range (Rango Máximo) : Representa la mayor diferencia registrada entre el precio más alto y el más bajo durante la sesión. Este indicador es fundamental para identificar los picos de volatilidad, ya que muestra hasta qué punto el mercado se movió en sus momentos de mayor actividad. 🔥 ⚠️ ¡MUY IMPORTANTE! : Esta herramienta funciona mejor solo en temporalidades menores a 4 horas . ⏳ Al integrar estos datos directamente en el gráfico, este indicador se convierte en una herramienta poderosa para sincronizar tus estrategias con la actividad del mercado en cada sesión. Ya seas un trader intradía o un inversor a largo plazo, Global Market Clock Pro proporciona claridad basada en datos para mejorar la toma de decisiones. 💻📈 🚀 ¡No dejes pasar la oportunidad de optimizar tu experiencia de trading con esta innovadora herramienta! ✨
Pine Script™ indicator
by PINE_LABS
PRC-ALMA | QuantEdgeBIntroducing PRC-ALMA by QuantEdgeB Overview The PRC-ALMA (Percentile Adaptive ALMA) is an advanced dynamic trend and volatility filtering indicator that leverages the Arnaud Legoux Moving Average (ALMA) combined with Percentile Rank Filtering and Median Absolute Deviation (MAD) Bands. It is designed to enhance market structure clarity, detect breakout zones, and provide trade signals by dynamically adjusting its filtering based on recent price action. ____ Key Features 1. 📈 Adaptive ALMA Smoothing: - Uses ALMA for smoothing price action while reducing lag. - Provides a more responsive moving average than traditional EMAs and SMAs. 2. 📊 Percentile Rank-Based Thresholds: - Determines upper and lower regions using 75th and 25th percentile ranks. - Allows for adaptive thresholding based on historical price movements. 3. 🎯 Median Absolute Deviation (MAD) Volatility Filtering: - Filters out noise using robust statistical deviation measures. - MAD Bands dynamically adjust based on volatility expansion and contraction. 4. 🔄 Dynamic Trade Signals: - Generates long signals when price exceeds the upper threshold. - Generates short signals when price drops below the lower threshold. 5. 🎨 Customizable Color Modes & Visual Enhancements: - Choose between multiple color schemes to match trading preferences. - Optional candlestick coloring to indicate market sentiment shifts. ____ How It Works 1. ALMA Calculation: - The indicator starts by computing the ALMA (Arnaud Legoux Moving Average) with a customizable length, offset, and sigma. 2. Percentile Rank Filtering: - It then calculates the 75th and 25th percentile ranks over a selected period, determining dynamic levels for trend identification. 3. Volatility Adjustment Using Median Absolute Deviation (MAD): - MAD is applied to filter noise and adapt the upper/lower bands based on market volatility. - The higher the MAD multiplier, the wider the bands, allowing more price fluctuations before a signal triggers. 4. Entry & Exit Conditions: - Long Entry: When price crosses above the upper percentile band + MAD filter. - Short Entry: When price crosses below the lower percentile band - MAD filter. 5. Visual Enhancements: - Dynamic band plotting with shading between percentile ranks. - Candlestick coloring to visually indicate long/short sentiment shifts. ____ Practical Applications ✅ Trend Following & Momentum Trading – Uses ALMA for trend smoothing and percentile-based breakouts. ✅ Mean Reversion Strategies – Adaptive MAD filtering ensures only significant deviations trigger signals. ✅ Multi-Timeframe Trading – Works on intraday, daily, and weekly timeframes based on user customization. ✅ Noise Reduction – Eliminates minor fluctuations while capturing meaningful market moves. ____ 🛠 Settings -ALMA Length: 24 – Defines the smoothing period for the Arnaud Legoux Moving Average. -ALMA Offset: 0.7 – Adjusts the shift factor, controlling responsiveness. -ALMA Sigma: 4 – Determines the smoothing strength, balancing trend-following and noise reduction. -Percentile Length: 21 – Lookback period for calculating percentile rank levels. -Median Period: 21 – The period used for the Median Absolute Deviation (MAD) filter. -Median Multiplier: 1.8 – Adjusts the sensitivity of the MAD filter, impacting how signals are generated. -Color Mode: Strategy – Various visual themes available for better chart readability. -Signal Label: Off - If turned off the indicator produced a Long or Cash signal when the trend changes. 📌 Conclusion The PRC-ALMA | QuantEdgeB is an advanced valuation and signal generation tool that dynamically adjusts based on market conditions. By combining ALMA for trend smoothing, percentile rank thresholds, and MAD-based volatility filtering, it provides traders with a versatile indicator for momentum, breakout, and mean reversion strategies. Key Takeaways: ✔ Smooth & Adaptive – ALMA ensures minimal lag while maintaining trend responsiveness. ✔ Dynamic Overbought/Oversold Zones – Adjusts to real-time market conditions using percentile-based bands. ✔ Volatility-Aware Filtering – Uses MAD to eliminate market noise, making signals more reliable. ✔ Customizable & Multi-Timeframe Ready – Works on various asset classes and timeframes with adjustable settings. 🔹 Disclaimer: Past performance is not indicative of future results. No trading strategy can guarantee success in financial markets. 🔹 Strategic Advice: Always backtest, optimize, and align parameters with your trading objectives and risk tolerance before live trading.
Pine Script™ indicator
by QuantEdgeB
Price Projector [MacAlgo] Description: Price Projector is a forward-looking visualization tool designed to help traders project potential future price movements based on historical drift data. By defining up to two anchor points and leveraging the average drift in price changes from each, the script draws forecast lines (Anchor 1 and Anchor 2) as well as an optional average projection (Anchor 3). Additionally, an optional shaded area around each projection can be displayed to convey a sense of uncertainty or variability in the future path. Key Features: 1. Multiple Anchors Specify up to two custom anchor points (by date/time). Each anchor gathers up to 500 bars of historical data from the time it is activated. Optionally display a third “average” projection line that combines the drift from both anchors. 2. Dynamic Drift Calculation For each anchor, the script measures the incremental price changes (delta percents) from bar to bar. Positive and negative drifts are computed separately and averaged, capturing the general upward/downward trend from the chosen anchor point to the latest confirmed bar. 3. Growth Factor & Area Width The Growth Factor (0–100) allows you to adjust how much the historical drift influences the projection. The Area Width (0–100) expands or contracts the shaded region around the forecast line, highlighting potential upper and lower bounds. 4. Customizable Styling Choose colors, transparency, and line width for each anchor’s forecast line. Toggle an optional connector line that links the anchor’s first bar to its last bar, visualizing the range where data was collected. Enable or disable a shaded area around each projection line for clearer visualization. 5. Automatic Forward Projection Once the data is gathered, the script projects future bars (up to 500 bars ahead) using the average drift calculations. The resulting lines and shaded areas help you quickly assess possible price paths. How to Use: 1. Add the Indicator to Your Chart In TradingView, open the Indicators menu, search for “Price Projector ,” and apply it to your chart. 2. Configure Anchor Points In the indicator’s Inputs section, set the date/time for Anchor Point 1 and Anchor Point 2. Once a bar’s time is greater than or equal to the anchor point, the script begins collecting data until the last confirmed bar. 3. Adjust Growth Factor & Area Width Growth Factor modifies how strongly the historical drift influences future price estimates. Area Width adjusts the size of the shaded range drawn around the projection line. 4. Styling & Display Options You can pick the color, transparency, and line thickness for each anchor. Toggle Execution Window Line to show or hide the connector line between the anchor’s initial bar and the final bar used in calculations. Enable Show Area to fill the space around the forecast line, giving a visual sense of upper/lower bounds. Turn on Show Anchor 3 Line to draw a combined average projection using data from both anchors. 5. Interpret the Forecast Once the script processes historical data for each anchor, it will automatically draw forecast lines for Anchor 1, Anchor 2, and (optionally) the average Anchor 3. Use these lines to gauge potential future price trends under the assumption that recent drift patterns continue. Examples: Here you can see all three Anchor Points. Anchor Point 3 is used as a balance between Anchor Point 1 and Anchor Point 2 by using the average of he two. You can customize which Anchor Points you want to see on the chart, remove the area coloring, etc. Conclusion: Price Projector offers a straightforward way to visualize projected price paths based on historical drift from one or two anchor points. By adjusting the Growth Factor, Area Width, and styling options, you can tailor the display to match your preferences and gain deeper insight into potential price trajectories. As always, combine this tool with other forms of analysis and risk management to make more informed trading decisions. Disclaimer: This script is provided for informational and educational purposes only. It should not be construed as financial or investment advice. Past performance is not indicative of future results. Trading in financial markets involves significant risk of loss. Always conduct your own due diligence and consult a licensed financial professional before making any trading or investment decisions.
Pine Script™ indicator
by MacAlgo