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EdgeXplorer – VWAP Cloud RunnerEdgeXplorer – VWAP Cloud Runner VWAP Cloud Runner is a high-resolution, percentile-based volume-weighted average price (VWAP) cloud designed to help traders track dynamic price positioning across time-anchored VWAP layers. Unlike traditional single-line VWAPs, this tool offers a complete “cloud system” of rolling anchored VWAPs, statistically evaluated and plotted across multiple quantiles to visualize relative value zones and market bias gradients in real time. Built for traders who depend on volume-informed structure, VWAP Cloud Runner can be used in both trending and ranging environments to identify premium vs. discount conditions, price acceptance, and overbought/oversold behavior — through the lens of aggregated VWAP layers. ⸻ 🔍 What Does VWAP Cloud Runner Do? This indicator computes a user-defined number of rolling anchored VWAPs — each seeded from a recurring anchor period (e.g. every hour, session, or day) — and stores them in memory. From this array of VWAPs, it then calculates statistical percentile levels (Max, High, Median, Low, Min) across the set. Each percentile level reflects where price sits relative to the historical range of VWAPs, rather than raw price alone. The resulting cloud offers: • A contextual map of volume-based fair value, • A way to visually separate trending from reversionary price action, • And a statistically sound framework for mean reversion, breakout filtering, or value zone trades. ⸻ ⚙️ How It Works – Technical Breakdown 1. Anchor Period Selection Every new bar of the selected anchor timeframe triggers the start of a new VWAP instance. Each VWAP is built over time using standard volume * price accumulation and volume division. 2. Rolling VWAP Array The user sets the number of VWAPs (VWAP Count) to track (up to 500). Each VWAP updates in real-time and is stored in an internal array. 3. Percentile Calculation At every new bar: • The indicator performs percentile interpolation on the array of stored VWAPs using TradingView’s array.percentile_linear_interpolation() method. • It extracts 5 key percentile levels (Min, Low, Median, High, Max) and plots them live on the chart. 4. Visual Styling & Optional Enhancements • Lines can be solid or dashed depending on preference. • Gradient fills between percentile bands form the “cloud.” • The script includes smoothing logic to soften fills based on the difference between anchor periods, improving legibility. ⸻ 📈 What Each Visual Component Represents Visual Meaning Max (Green Line) 100th percentile VWAP — the highest anchored VWAP in memory High (Light Gray Line) ~70th percentile — often used to mark premium zones Median (Gray Line) 50th percentile VWAP — midpoint of historical VWAPs Low (Light Gray Line) ~30th percentile — used to gauge discount or acceptance zones Min (Red Line) 0th percentile — lowest VWAP across all tracked anchors Gradient Fills Shaded clouds between max/median and min/median, visually representing value extremes Anchor Highlight A faint gray background briefly appears when a new VWAP is seeded (anchor event) Dashed Styling Optional dashed lines toggle to differentiate levels without distraction Everything on screen is statistically anchored and volume-aware — not arbitrary. ⸻ 📊 Inputs & Settings Explained VWAP Cloud Runner Settings Input Description Anchor Period Determines how often a new VWAP is seeded. Common examples: 15m, 1h, 1D VWAP Source Price source used for VWAP calculation (default: hlc3) VWAP Count Number of rolling VWAPs to store and evaluate. Affects how responsive or stable the cloud is Toggle / Percentile / Width / Color Each of the 5 layers — Max, Upper, Median, Lower, and Min — includes: • Toggle (on/off) • Percentile (editable for custom statistical boundaries) • Line Width • Color This design gives traders full control to custom-tailor the cloud’s resolution and emphasis. Style Options Input Description Use Dashed Lines Adds rhythm to cloud lines by visually breaking up uniform structure Enable Gradient Fill Enables shaded cloud fills between Min–Median and Max–Median Show Anchor Highlight When enabled, highlights the bar where each new VWAP instance is created ⸻ 🧠 How to Interpret VWAP Cloud Runner This tool is built for contextual reading, not explicit signals. Here’s how to interpret what you see: • Price Near Max → Price is at a volume-weighted extreme → possible overextension or trend strength • Price Near Min → Price is deeply discounted relative to recent VWAP history → potential reversion • Price Near Median → Price is in balance → potential for breakout or continuation depending on trend Use VWAP slope and percentile spacing to read the “shape” of price structure: • Tight range between all percentiles → compression, awaiting expansion • Widening gaps → trend formation or volatility burst • Symmetric curve → balanced distribution • Skewed cloud → directional bias forming ⸻ 🧪 Use Cases and Strategy Tips • 🎯 Mean Reversion Strategies: Fade extremes when price touches Max or Min and fails to close beyond • 🛡️ Trend Confirmation: Ride price between High and Max or Low and Min — these zones act as trend channels • 📉 Breakout Filtering: Use percentile gaps to measure conviction — small gaps = low conviction breakout • 💡 Volume Fair Value: Trade only when price is near or reclaims the median VWAP → fair value validation Works seamlessly across assets — whether you’re scalping BTC, swing trading FX pairs, or following trend continuation in equities. ⸻ 🔒 Compliance Notice VWAP Cloud Runner is a data visualization and contextual awareness tool. It does not provide trade signals or advice and should be used in conjunction with your existing strategy and risk parameters. This script is protected under ETAPX Inc. and is proprietary to the EdgeXplorer platform. Redistribution, resale, or any use outside of TradingView without express written permission is strictly prohibited.
Pine Script® indicator
by EdgeXplorer
AV BTC Pi Cycle OscillatorPi Cycle Oscillator The oscillator version of the Pi Cycle Top Indicator. While I have found great differences in scales being used for the oscillator across various sources. The shape of the oscillator line is on the other hand the same across the board. With 2 specific versions. Either using the 111 Day SMA or the 2*350 SMA for division. We allow for both versions. It is possible to select the formula for calculation on the input tab. Either using (111 SMA - 2*350 SMA) / 111 SMA (default) or (111 SMA - 2*350 SMA) / 2*350 SMA . We multiply the result by -100 so that overbought conditions fall at the top of the indicator chart and oversold at the bottom. Everyone has their own idea of the value range. This is no different. For both formulas around 0 is overbought zone, while -200 and -70 are oversold areas. Thresholds are configurable in the input tab. I made an arbitrary choice for the thresholds. If you want to see overbought and oversold areas on the price chart: Enable the Overbought and oversold Overlay area in the style tab. It is disabled by default. Additionally: Pi Cycle Tops are marked with a red circle. ATH tops are marked with yellow diamonds. Grey lines marks halving days.
Pine Script® indicator
by avflow
Active PMI Support/Resistance Levels [EdgeTerminal]The PMI Support & Resistance indicator revolutionizes traditional technical analysis by using Pointwise Mutual Information (PMI) - a statistical measure from information theory - to objectively identify support and resistance levels. Unlike conventional methods that rely on visual pattern recognition, this indicator provides mathematically rigorous, quantifiable evidence of price levels where significant market activity occurs. - The Mathematical Foundation: Pointwise Mutual Information Pointwise Mutual Information measures how much more likely two events are to occur together compared to if they were statistically independent. In our context: Event A: Volume spikes occurring (high trading activity) Event B: Price being at specific levels The PMI formula calculates: PMI = log(P(A,B) / (P(A) × P(B))) Where: P(A,B) = Probability of volume spikes occurring at specific price levels P(A) = Probability of volume spikes occurring anywhere P(B) = Probability of price being at specific levels High PMI scores indicate that volume spikes and certain price levels co-occur much more frequently than random chance would predict, revealing genuine support and resistance zones. - Why PMI Outperforms Traditional Methods Subjective interpretation: What one trader sees as significant, another might ignore Confirmation bias: Tendency to see patterns that confirm existing beliefs Inconsistent criteria: No standardized definition of "significant" volume or price action Static analysis: Doesn't adapt to changing market conditions No strength measurement: Can't quantify how "strong" a level truly is PMI Advantages: ✅ Objective & Quantifiable: Mathematical proof of significance, not visual guesswork ✅ Statistical Rigor: Levels backed by information theory and probability ✅ Strength Scoring: PMI scores rank levels by statistical significance ✅ Adaptive: Automatically adjusts to different market volatility regimes ✅ Eliminates Bias: Computer-calculated, removing human interpretation errors ✅ Market Structure Aware: Reveals the underlying order flow concentrations - How It Works Data Processing Pipeline: Volume Analysis: Identifies volume spikes using configurable thresholds Price Binning: Divides price range into discrete levels for analysis Co-occurrence Calculation: Measures how often volume spikes happen at each price level PMI Computation: Calculates statistical significance for each price level Level Filtering: Shows only levels exceeding minimum PMI thresholds Dynamic Updates: Refreshes levels periodically while maintaining historical traces Visual System: Current Levels: Bright, thick lines with PMI scores - your actionable levels Historical Traces: Faded previous levels showing market structure evolution Strength Tiers: Line styles indicate PMI strength (solid/dashed/dotted) Color Coding: Green for support, red for resistance Info Table: Real-time display of strongest levels with scores - Indicator Settings: Core Parameters Lookback Period (Default: 200) Lower (50-100): More responsive to recent price action, catches short-term levels Higher (300-500): Focuses on major historical levels, more stable but less responsive Best for: Day trading (100-150), Swing trading (200-300), Position trading (400-500) Volume Spike Threshold (Default: 1.5) Lower (1.2-1.4): More sensitive, catches smaller volume increases, more levels detected Higher (2.0-3.0): Only major volume surges count, fewer but stronger signals Market dependent: High-volume stocks may need higher thresholds (2.0+), low-volume stocks lower (1.2-1.3) Price Bins (Default: 50) Lower (20-30): Broader price zones, less precise but captures wider areas Higher (70-100): More granular levels, precise but may be overly specific Volatility dependent: High volatility assets benefit from more bins (70+) Minimum PMI Score (Default: 0.5) Lower (0.2-0.4): Shows more levels including weaker ones, comprehensive view Higher (1.0-2.0): Only statistically strong levels, cleaner chart Progressive filtering: Start with 0.5, increase if too cluttered Max Levels to Show (Default: 8) Fewer (3-5): Clean chart focusing on strongest levels only More (10-15): Comprehensive view but may clutter chart Strategy dependent: Scalpers prefer fewer (3-5), swing traders more (8-12) Historical Tracking Settings Update Frequency (Default: 20 bars) Lower (5-10): More frequent updates, captures rapid market changes Higher (50-100): Less frequent updates, focuses on major structural shifts Timeframe scaling: 1-minute charts need lower frequency (5-10), daily charts higher (50+) Show Historical Levels (Default: True) Enables the "breadcrumb trail" effect showing evolution of support/resistance Disable for cleaner charts focusing only on current levels Max Historical Marks (Default: 50) Lower (20-30): Less memory usage, shorter history Higher (100-200): Longer historical context but more resource intensive Fade Strength (Default: 0.8) Lower (0.5-0.6): Historical levels more visible Higher (0.9-0.95): Historical levels very subtle Visual Settings Support/Resistance Colors: Choose colors that contrast well with your chart theme Line Width: Thicker lines (3-4) for better visibility on busy charts Show PMI Scores: Toggle labels showing statistical strength Label Size: Adjust based on screen resolution and chart zoom level - Most Effective Usage Strategies For Day Trading: Setup: Lookback 100-150, Volume Threshold 1.8-2.2, Update Frequency 10-15 Use PMI levels as bounce/rejection points for scalp entries Higher PMI scores (>1.5) offer better probability setups Watch for volume spike confirmations at levels For Swing Trading: Setup: Lookback 200-300, Volume Threshold 1.5-2.0, Update Frequency 20-30 Enter on pullbacks to high PMI support levels Target next resistance level with PMI score >1.0 Hold through minor levels, exit at major PMI levels For Position Trading: Setup: Lookback 400-500, Volume Threshold 2.0+, Update Frequency 50+ Focus on PMI scores >2.0 for major structural levels Use for portfolio entry/exit decisions Combine with fundamental analysis for timing - Trading Applications: Entry Strategies: PMI Bounce Trades Price approaches high PMI support level (>1.0) Wait for volume spike confirmation (orange triangles) Enter long on bullish price action at the level Stop loss just below the PMI level Target: Next PMI resistance level PMI Breakout Trades Price consolidates near high PMI level Volume increases (watch for orange triangles) Enter on decisive break with volume Previous resistance becomes new support Target: Next major PMI level PMI Rejection Trades Price approaches PMI resistance with momentum Watch for rejection signals and volume spikes Enter short on failure to break through Stop above the PMI level Target: Next PMI support level Risk Management: Stop Loss Placement Place stops 0.1-0.5% beyond PMI levels (adjust for volatility) Higher PMI scores warrant tighter stops Use ATR-based stops for volatile assets Position Sizing Larger positions at PMI levels >2.0 (highest conviction) Smaller positions at PMI levels 0.5-1.0 (lower conviction) Scale out at multiple PMI targets - Key Warning Signs & What to Watch For Red Flags: 🚨 Very Low PMI Scores (<0.3): Weak statistical significance, avoid trading 🚨 No Volume Confirmation: PMI level without recent volume spikes may be stale 🚨 Overcrowded Levels: Too many levels close together suggests poor parameter tuning 🚨 Outdated Levels: Historical traces are reference only, not tradeable Optimization Tips: ✅ Regular Recalibration: Adjust parameters monthly based on market regime changes ✅ Volume Context: Always check for recent volume activity at PMI levels ✅ Multiple Timeframes: Confirm PMI levels across different timeframes ✅ Market Conditions: Higher thresholds during high volatility periods Interpreting PMI Scores PMI Score Ranges: 0.5-1.0: Moderate statistical significance, proceed with caution 1.0-1.5: Good significance, reliable for most trading strategies 1.5-2.0: Strong significance, high-confidence trade setups 2.0+: Very strong significance, institutional-grade levels Historical Context: The historical trace system shows how support and resistance evolve over time. When current levels align with multiple historical traces, it indicates persistent market memory at those prices, significantly increasing the level's reliability.
Pine Script® indicator
by EdgeTerminal
Zen Open - 18 Bar v2Zen Open – 18 Bar Box (RTH Study Tool) 📄 Description: This script highlights the first 18 bars of each Regular Trading Hours (RTH) session with a visual box and optional range label. It is intended as a study aid for traders analyzing early session structure. Features: • Draws a box around the first 18 bars of the RTH session • Displays the total range as a label (optional) • Fully customizable box color and transparency Intended Use: This is an educational and visual analysis tool to help traders research how the RTH open influences the rest of the session. Tight opening range may suggest range expansion Wide opening range may indicate reduced movement or reversal risk This script does not generate trading signals, does not offer financial advice, and does not promote any service. It is provided for discretionary study and chart analysis only.
Pine Script® indicator
by Zen_Trading_Tech
[GalihRidha] Scalping Dashboard 5m Scalping Dashboard 5m is a practical, real-time, and user-friendly indicator designed for 5-minute intraday scalping strategies. This indicator provides clear, actionable signals along with dynamic risk management levels, all visualized in a single vertical dashboard on your chart. Key Features: Actionable Next Signal: Generates a strong, easy-to-follow trading signal ("LONG" or "SHORT") every 5 minutes, based on a multi-factor algorithm (MA20/MA50 trend, RSI, price/volume strength, candle momentum, and market structure). Dynamic TP/SL Calculation: Automatically displays recommended Take Profit (TP) and Stop Loss (SL) price ranges, calculated from recent price action, support/resistance, and volatility (ATR). Vertical Dashboard Layout: Information is neatly split between "LAST SECTION" (your most recent executed signal, TP, and SL) and "NEXT SECTION" (real-time signal, recommended TP/SL, and current price). Perfectly formatted for both desktop and mobile TradingView use. Live "Capturing" Status: When a new signal is forming (1 minute before candle close), the dashboard shows an animated "Capturing..." status—so you always know when the indicator is preparing the next actionable trade. Buffered Signal Logic: Prevents “signal repainting” by ensuring that your "Last Signal" and TP/SL levels are exactly what was shown in the previous Next Signal, never the recalculated value from a new bar. This is vital for honest backtesting and live trade confidence. Zero Lag, Mobile Ready: Designed to be lightweight and responsive, with instant dashboard updates and no visual lag—even on slower connections or when switching timeframes. No repaint, no lagging, pure price action + volatility logic. How to Use: Add to Chart Apply the indicator to any liquid crypto or forex pair on the 5-minute (5m) timeframe. Watch the Dashboard 1 minute before the close of each 5-minute candle, the "Next Signal" section will activate. "Capturing..." status (with animated dots) means a new entry signal is forming. Use the suggested Entry, TP Range, and SL for your scalping strategy. Follow the Signal When "Next Signal" appears, you have 1 minute to enter the trade if desired. After the signal passes, the values are locked into the "Last Section" for reference, record-keeping, or trade management. Mobile Friendly The vertical format ensures the dashboard is always visible and readable on both web and mobile versions of TradingView. No need to manually refresh or guess when a new signal is forming—just watch for "Capturing..."! Best Practice & Tips: For best results, use on trending or high-volume assets. Avoid low liquidity or choppy sideways markets. Combine with your own risk management and execution strategy for maximum performance. This dashboard is 100% Pine Script v5, fully open-source, and does not repaint. You can customize TP/SL logic or integrate with alerts for even more automation. Why This Indicator? Most scalping indicators provide signals, but don't show you the real, actionable context—especially in mobile or fast-moving markets. This dashboard solves that problem by giving you everything you need for quick, clear, and confident trading—all in one place, with true buffer logic so your entries and results are always honest and reproducible. Happy scalping and stay disciplined—let the dashboard do the heavy lifting for you! 🚀
Pine Script® indicator
by galihridha
VDN 6 - Dual MACD Strategy (TP:20 / SL:10)This strategy uses a dual MACD crossover confirmation system with two different parameter sets: • MACD(12, 26, 8) – Standard • MACD(13, 34, 9) – Fibonacci-based A trade is opened only when both MACDs give the same signal (buy or sell) simultaneously. Take Profit is fixed at 20 points and Stop Loss at 10 points per trade. This setup is optimized for scalping or short-term trend continuation. Lot size is set to 1 by default.
Pine Script® strategy
by vidinozyer
Staccked SMA - Regime Switching & Persistance StatisticsThis indicator is designed to identify the prevailing market regime by analyzing the behavior of a "stack" of Simple Moving Averages (SMAs). It helps you understand whether the market is currently trending, mean-reverting, or moving randomly. Core Concept: SMA Correlation At its heart, the indicator examines the relationship between a set of nine SMAs with different lengths (3, 5, 8, 13, 21, 34, 55, 89, 144) and the lengths themselves. In a strong trending market (either up or down), the SMAs will be neatly "stacked" in order of their length. The shortest SMA will be furthest from the longest SMA, creating a strong, almost linear visual pattern. When we measure the statistical correlation between the SMA values and their corresponding lengths, we get a value close to +1 (perfect uptrend stack) or -1 (perfect downtrend stack). The absolute value of this correlation will be very high (close to 1). In a mean-reverting or sideways market, the SMAs will be tangled and crisscrossing each other. There is no clear order, and the relationship between an SMA's length and its price value is weak. The correlation will be close to 0. This indicator calculates this Pearson correlation on every bar, giving a continuous measure of how ordered or "trendy" the SMAs are. An absolute correlation above 0.8 is considered strongly trending, while a value between 0.4 and 0.8 suggests a mean-reverting character. Below 0.4, the market is likely random or choppy. Regime Classification and Statistics The indicator doesn't just look at the current correlation; it analyzes its behavior over a user-defined lookback window (default is 252 bars) to classify the overall market "regime." It presents its findings in a clear table: 📊 |SMA Correlation| Regime Table: This main table provides a snapshot of the current market character. Median: Shows the median absolute correlation over the lookback period, giving a central tendency of the market's behavior. % > 0.80: The percentage of time the market was in a strong trend during the lookback period. % < 0.80 & > 0.40: The percentage of time the market showed mean-reverting characteristics. 🧠 Regime: The final classification. It's labeled "📈 Trend-Dominant" if the median correlation is high and it has spent a significant portion of the time trending. It's labeled "🔄 Mean-Reverting" if the median is in the middle range and it has spent significant time in that state. Otherwise, it's considered "⚖️ Random/ Choppy". 📐 Regime Significance: This tells you how statistically confident you can be in the current regime classification, using a Z-score to compare its occurrence against random chance. ⭐⭐⭐ indicates high confidence (99%), while "❌ Not Significant" means the pattern could be random. Regime Transition Probabilities Optionally, a second table can be displayed that shows the historical probability of the market transitioning from one regime to another over different time horizons (t+5, t+10, t+15, and t+20 bars). 📈 → 🔄 → ⚖️ Transition Table: This table answers questions like, "If the market is trending now (From: 📈), what is the probability it will be mean-reverting (→ 🔄) in 10 bars?" This provides powerful insights into the market's cyclical nature, helping you anticipate future behavior based on past patterns. For example, you might find that after a period of strong trending, a transition to a choppy state is more likely than a direct switch to a mean-reverting Indicator Settings Lookback Window for Regime Classification: This sets the number of recent bars (default is 252) the script analyzes to determine the current market regime (Trending, Mean-Reverting, or Random). A larger number provides a more stable, long-term view, while a smaller number makes the classification more sensitive to recent price action. Show Regime Transition Table: A simple toggle (on/off) to show or hide the table that displays the probabilities of the market switching from one regime to another. Lookback Offset for Starting Regime: This determines the "starting point" in the past for calculating regime transitions. The default is 20 bars ago. The script looks at the regime at this point and then checks what it became at later points. Step 1, 2, 3, 4 Offset (bars): These define the future time intervals (5, 10, 15, and 20 bars by default) for the transition probability table. For example, the script checks the regime at the "Lookback Offset" and then sees what it transitioned to 5, 10, 15, and 20 bars later. Significance Filter Settings Use Regime Significance Filter: When enabled, this filter ensures that the regime transition statistics only count transitions that were "statistically significant." This helps to filter out noise and focus on more reliable patterns. Min Stars Required (1=90%, 2=95%, 3=99%): This sets the minimum confidence level required for a regime to be included in the transition statistics when the significance filter is on. 1 ⭐: Requires at least 90% confidence. 2 ⭐⭐: Requires at least 95% confidence (default). 3 ⭐⭐⭐: Requires at least 99% confidence.
Pine Script® indicator
by federalTacos5392b
7
EMA-Pack MTFEMA-Pack MTF This TradingView Pine Script defines a custom indicator called "EMA-Pack MTF" that overlays various types of moving averages and Bollinger Bands across multiple timeframes on a chart. It begins by importing the built-in technical analysis library and defining a custom ma function that calculates several types of moving averages (SMA, EMA, TEMA, DEMA, HMA, and ALMA) based on user input. The ema function is the core logic, retrieving market data for the specified timeframe and calculating fast, mid, slow, 50, 100, and 200-period moving averages along with Bollinger Band components (basis, upper, and lower bands). The function adjusts values to the nearest valid price tick and returns them. User input fields allow customization of timeframes, source data, moving average types, and Bollinger Band parameters. The script calls the ema function for each selected timeframe (1 minute, 5 minutes, 15 minutes, 1 hour, 4 hours, and 1 day), storing their respective computed values. It then plots the calculated moving averages and Bollinger Band basis lines on the chart, using different colors and line widths to distinguish between them. Some plots are hidden by default (display.none) to reduce chart clutter. This script is useful for multi-timeframe trend analysis using customizable moving averages and Bollinger Bands.
Pine Script® indicator
by veegee82
ADX_Power_IndikatorThe ADX Power Indicator is a technical analysis tool based on the well-known Average Directional Index (ADX) developed by Welles Wilder. This script visualizes the core components of the ADX system – +DI, –DI, and ADX – in a clean and focused way. It emphasizes the crossovers between +DI and –DI, which can serve as potential entry or exit signals. 🔍 Features Plots the ADX line as a stepped line to represent trend strength Displays +DI (green) and –DI (red) lines clearly Highlights important crossovers with colored crosses: ✅ Buy signal: +DI crosses above –DI (green cross) ❌ Sell signal: –DI crosses above +DI (red cross) Clean and minimalistic layout – great for combining with other strategies 📈 How to Use This indicator is ideal for traders who want to: Measure trend strength using ADX Detect trend reversals through DI crossovers Confirm entries and exits based on momentum shifts The default parameters (14-period DI and ADX) can be adjusted in the script to suit your trading style or market conditions.
Pine Script® indicator
by tom_munich
ma rationing🧠 MA Rationing Indicator – Multi-Averaged Momentum + Divergence Zones This script blends various moving average ratios (SMA, EMA, WMA, RMA) to create a smoothed and zero-centered momentum oscillator. Its goal is to highlight shifts in trend strength and spot possible divergences confirmed by volume. 🔍 Key Features: • MA Ratio Core: Composite of multiple MA types across a short vs. long smoothing window, plotted against zero for trend clarity. • Visual Acceleration Markers: Circle color intensity reflects momentum acceleration or deceleration. • Volume-Supported Divergence: Highlights when price diverges from momentum and volume supports the signal. • RSI Zone Highlighting: Dynamically draws boxes over RSI Overbought/Oversold regions as sentiment zones form. • Custom Alerts: Includes alerts for zero-line crosses and divergence + volume confirmation. This tool is designed for users seeking to combine price action, momentum, and volume into one clear visualization. It does not provide direct trade signals and should be used alongside your broader analysis.
Pine Script® indicator
by ximi-imibitty
Alpha - Combined BreakoutThis Pine Script indicator, "Alpha - Combined Breakout," is a combination between Smart Money Breakout Signals and UT Bot Alert, The UT Bot Alert indicator was initially developer by Yo_adriiiiaan The idea of original code belongs HPotter. This Indicator helps you identify potential trading opportunities by combining two distinct strategies: Smart Money Breakout and a modified UT Bot (likely a variation of the Ultimate Trend Bot). It provides visual signals, draws lines for potential take profit (TP) and stop loss (SL) levels, and includes a dashboard to track performance metrics. Tutorial: Understanding and Using the "Alpha - Combined Breakout" Indicator This indicator is designed for traders looking for confirmation of market direction and potential entry/exit points by blending structural analysis with a trend-following oscillator. How it Works (General Concept) The indicator combines two main components: Smart Money Breakout: This part identifies significant breaks in market structure, which "smart money" traders often use to gauge shifts in supply and demand. It looks for higher highs/lows or lower highs/lows and flags when these structural points are broken. UT Bot: This is a trend-following component that generates buy and sell signals based on price action relative to an Average True Range (ATR) based trailing stop. You can choose to use these signals independently or combined to generate trading alerts and visual cues on your chart. The dashboard provides a quick overview of how well the signals are performing based on your chosen settings and display mode. Parameters and What They Do Let's break down each input parameter: 1. Smart Money Inputs These settings control how the indicator identifies market structure and breakouts. swingSize (Market Structure Time-Horizon): What it does: This integer value defines the number of candles used to identify significant "swing" (pivot) points—highs and lows. Effect: A larger swingSize creates a smoother market structure, focusing on longer-term trends. This means signals might appear less frequently and with some delay but could be more reliable for higher timeframes or broader market movements. A smaller swingSize will pick up more minor market structure changes, leading to more frequent but potentially noisier signals, suitable for lower timeframes or scalping. Analogy: Think of it like a zoom level on your market structure map. Higher values zoom out, showing only major mountain ranges. Lower values zoom in, showing every hill and bump. bosConfType (BOS Confirmation Type): What it does: This string input determines how a Break of Structure (BOS) is confirmed. You have two options: 'Candle Close': A breakout is confirmed only if a candle's closing price surpasses the previous swing high (for bullish) or swing low (for bearish). 'Wicks': A breakout is confirmed if any part of the candle (including its wick) surpasses the previous swing high or low. Effect: 'Candle Close' provides stronger, more conservative confirmation, as it implies sustained price movement beyond the structure. 'Wicks' provides earlier, more aggressive signals, as it captures momentary breaches of the structure. Analogy: Imagine a wall. 'Candle Close' means the whole person must get over the wall. 'Wicks' means even a finger touching over the top counts as a breach. choch (Show CHoCH): What it does: A boolean (true/false) input to enable or disable the display of "Change of Character" (CHoCH) labels. CHoCH indicates the first structural break against the current dominant trend. Effect: When true, it helps identify early signs of a potential trend reversal, as it marks where the market's "character" (its tendency to make higher highs/lows or lower lows/highs) first changes. BULL (Bullish Color) & BEAR (Bearish Color): What they do: These color inputs allow you to customize the visual appearance of bullish and bearish signals and lines drawn by the Smart Money component. Effect: Purely cosmetic, helps with visual identification on the chart. sm_tp_sl_multiplier (SM TP/SL Multiplier (ATR)): What it does: A float value that acts as a multiplier for the Average True Range (ATR) to calculate the Take Profit (TP) and Stop Loss (SL) levels specifically when you're in "Smart Money Only" mode. It uses the ATR calculated by the UT Bot's nLoss_ut as its base. Effect: A higher multiplier creates wider TP/SL levels, potentially leading to fewer trades but larger wins/losses. A lower multiplier creates tighter TP/SL levels, potentially leading to more frequent but smaller wins/losses. 2. UT Bot Alerts Inputs These parameters control the behavior and sensitivity of the UT Bot component. a_ut (UT Key Value (Sensitivity)): What it does: This integer value adjusts the sensitivity of the UT Bot. Effect: A higher value makes the UT Bot less sensitive to price fluctuations, resulting in fewer and potentially more reliable signals. A lower value makes it more sensitive, generating more signals, which can include more false signals. Analogy: Like a noise filter. Higher values filter out more noise, keeping only strong signals. c_ut (UT ATR Period): What it does: This integer sets the look-back period for the Average True Range (ATR) calculation used by the UT Bot. ATR measures market volatility. Effect: This period directly influences the calculation of the nLoss_ut (which is a_ut * xATR_ut), thus defining the distance of the trailing stop loss and take profit levels. A longer period makes the ATR smoother and less reactive to sudden price spikes. A shorter period makes it more responsive. h_ut (UT Signals from Heikin Ashi Candles): What it does: A boolean (true/false) input to determine if the UT Bot calculations should use standard candlestick data or Heikin Ashi candlestick data. Effect: Heikin Ashi candles smooth out price action, often making trends clearer and reducing noise. Using them for UT Bot signals can lead to smoother, potentially delayed signals that stay with a trend longer. Standard candles are more reactive to raw price changes. 3. Line Drawing Control Buttons These crucial boolean inputs determine which type of signals will trigger the drawing of TP/SL/Entry lines and flags on your chart. They act as a priority system. drawLinesUtOnly (Draw Lines: UT Only): What it does: If checked (true), lines and flags will only be drawn when the UT Bot generates a buy/sell signal. Effect: Isolates UT Bot signals for visual analysis. drawLinesSmartMoneyOnly (Draw Lines: Smart Money Only): What it does: If checked (true), lines and flags will only be drawn when the Smart Money Breakout logic generates a bullish/bearish breakout. Effect: Overrides drawLinesUtOnly if both are checked. Isolates Smart Money signals. drawLinesCombined (Draw Lines: UT & Smart Money (Combined)): What it does: If checked (true), lines and flags will only be drawn when both a UT Bot signal AND a Smart Money Breakout signal occur on the same bar. Effect: Overrides both drawLinesUtOnly and drawLinesSmartMoneyOnly if checked. Provides the strictest entry criteria for line drawing, looking for strong confluence. Dashboard Metrics Explained The dashboard provides performance statistics based on the lines drawing control button selected. For example, if "Draw Lines: UT Only" is active, the dashboard will show stats only for UT Bot signals. Total Signals: The total number of buy or sell signals generated by the selected drawing mode. TP1 Win Rate: The percentage of signals where the price reached Take Profit 1 (TP1) before hitting the Stop Loss. TP2 Win Rate: The percentage of signals where the price reached Take Profit 2 (TP2) before hitting the Stop Loss. TP3 Win Rate: The percentage of signals where the price reached Take Profit 3 (TP3) before hitting the Stop Loss. (Note: TP1, TP2, TP3 are in order of distance from entry, with TP3 being furthest.) SL before any TP rate: This crucial metric shows the number of times the Stop Loss was hit / the percentage of total signals where the stop loss was triggered before any of the three Take Profit levels were reached. This gives you a clear picture of how often a trade resulted in a loss without ever moving into profit target territory. Short Tutorial: How to Use the Indicator Add to Chart: Open your TradingView chart, go to "Indicators," search for "Alpha - Combined Breakout," and add it to your chart. Access Settings: Once added, click the gear icon next to the indicator name on your chart to open its settings. Choose Your Signal Mode: For UT Bot only: Uncheck "Draw Lines: Smart Money Only" and "Draw Lines: UT & Smart Money (Combined)". Ensure "Draw Lines: UT Only" is checked. For Smart Money only: Uncheck "Draw Lines: UT Only" and "Draw Lines: UT & Smart Money (Combined)". Ensure "Draw Lines: Smart Money Only" is checked. For Combined Signals: Check "Draw Lines: UT & Smart Money (Combined)". This will override the other two. Adjust Parameters: Start with default settings. Observe how the signals appear on your chosen asset and timeframe. Refine Smart Money: If you see too many "noisy" market structure breaks, increase swingSize. If you want earlier breakouts, try "Wicks" for bosConfType. Refine UT Bot: Adjust a_ut (Sensitivity) to get more or fewer UT Bot signals. Change c_ut (ATR Period) if you want larger or smaller TP/SL distances. Experiment with h_ut to see if Heikin Ashi smoothing suits your trading style. Adjust TP/SL Multiplier: If using "Smart Money Only" mode, fine-tune sm_tp_sl_multiplier to set appropriate risk/reward levels. Interpret Signals & Lines: Buy/Sell Flags: These indicate the presence of a signal based on your selected drawing mode. Entry Line (Blue Solid): This is where the signal was generated (usually the close price of the signal candle). SL Line (Red/Green Solid): Your calculated stop loss level. TP Lines (Dashed): Your three calculated take profit levels (TP1, TP2, TP3, where TP3 is the furthest target). Smart Money Lines (BOS/CHoCH): These lines indicate horizontal levels where market structure breaks occurred. CHoCH labels might appear at the first structural break against the prior trend. Monitor Dashboard: Pay attention to the dashboard in the top right corner. This dynamically updates to show the win rates for each TP and, crucially, the "SL before any TP rate." Use these statistics to evaluate the effectiveness of the indicator's signals under your current settings and chosen mode. * Set Alerts (Optional): You can set up alerts for any of the specific signals (UT Bot Long/Short, Smart Money Bullish/Bearish, or the "Line Draw" combined signals) to notify you when they occur, even if you're not actively watching the chart. By following this tutorial, you'll be able to effectively use and customize the "Alpha - Combined Breakout" indicator to suit your trading strategy.
Pine Script® indicator
by Eternal_May
Golden Pocket Syndicate [GPS]Golden Pocket Syndicate is a multi-layered market analysis toolkit built for precision entries and sniper-style reversals in both trending and ranging conditions. The script fuses volume dynamics, golden pocket structures, market maker behavior, and liquidation cluster tracking into one high-confluence system. Core Features: • 📐 Golden Pocket Zones: Dynamic GP levels from daily, weekly, monthly, and yearly timeframes. These levels update in real-time and serve as confluence zones for entries and exits. • 📊 WaveTrend Divergence Diamonds: Momentum shifts are detected using a custom filtered WaveTrend cross system to mark high-probability reversal conditions. • 🧠 Market Maker Premium Divergence: Tracks price dislocation between CME and Binance to detect large player manipulation using a configurable premium threshold. • 💎 MM Reversal Diamonds: Identifies potential market maker traps and large player pivots using historical candle behavior, EMA alignment, and price structure breaks. • 📉 Stealth Liquidation Cluster Arrows: Volume-based liquidation pressure visualized as lightweight directional arrows based on calculated wick expansion and volume bursts. Highlights key zones where price is likely to bounce or reject. • 🧭 Trend Validation: Uses volume-based trend conditions and short-term EMA positioning to further qualify signals and eliminate noise. How to Use: This indicator is designed to help traders visualize confluence between key institutional price levels, momentum shifts, and volume-based pressure points. Long/short opportunities can be explored at marked reversal diamonds or liquidation zones that align with key GP levels. Intended for use on higher timeframes (15m to 4H), though flexible across any pair or market.
Pine Script® indicator
by RickyTSpanish
HL/OL Histogram + (Close-Open)🧠 Core Concept This indicator is designed to detect meaningful directional intent in price action using a combination of: Intrabar candle structure (high - open, open - low) Net price momentum (close - open) Timed trigger levels (frozen buy/sell prices based on selected timeframe closes) The core idea is to visually separate bullish and bearish energy in the current bar, and to mark the price at which momentum flips from down to up or vice versa, based on a change in the close - open differential. 🔍 Components Breakdown 1. Histogram Bars Green Bars (high - open): Represent bullish upper wicks, showing intrabar strength above the open. Red Bars (open - low): Represent bearish lower wicks, showing pressure below the open. Plotted as histograms above and below the zero line. 2. Close–Open Line (White) Plots the difference between close and open for each bar. Helps you visually track when momentum flips from negative to positive, or vice versa. A bold black zero line provides clear reference for these flips. 3. Buy/Sell Signal Logic A Buy Trigger is generated when close - open crosses above zero A Sell Trigger occurs when close - open crosses below zero These trigger events are one-shot, meaning they’re only registered once per signal direction. No retriggers occur until the opposite condition is met. 📈 Trigger Price Table (Static) On a signal trigger, the close price from a lower timeframe (15S, 30S, 1, 2, 3, or 5 min) is captured. This price is frozen and displayed in a table at the top-right of the pane. The price remains fixed until the opposite trigger condition fires, at which point it is replaced. Why close price? Using the close from the lower timeframe gives a precise, decisive reference point — ideal for planning limit entries or confirming breakout commitment. 🛠️ Use Cases Momentum traders can use the histogram and line to time entries after strong open rejection or close breakouts. Scalpers can quickly gauge intrabar sentiment reversals and react to new momentum without waiting for candle closes. Algo builders can use the frozen price logic as precise entry or confirmation points in automated strategies.
Pine Script® indicator
by showlucy76
Fibonacci Retracement Engine (DFRE) [PhenLabs]📊 Fibonacci Retracement Engine (DFRE) Version: PineScript™ v6 📌 Description Dynamic Fibonacci Retracement Engine (DFRE) is a sophisticated technical analysis tool that automatically detects important swing points and draws precise Fibonacci retracement levels on various timeframes. The intelligent indicator eliminates the subjectivity of manual Fibonacci drawing using intelligent swing detection algorithms combined with multi timeframe confluence analysis. Built for professional traders who demand accuracy and consistency, DFRE provides real time Fibonacci levels that adapt to modifications in market structure without sacrificing accuracy in changing market conditions. The indicator excels at identifying key support and resistance levels where price action is more likely to react, giving traders a potent edge in entry and exit timing. 🚀 Points of Innovation Intelligent Swing Detection Algorithm : Advanced pivot detection with customizable confirmation bars and minimum swing percentage thresholds Multi-Timeframe Confluence Engine : Simultaneous analysis across three timeframes to identify high-probability zones Dynamic Level Management : Automatically updates and manages multiple Fibonacci sets while maintaining chart clarity Adaptive Visualization System : Smart labeling that shows only the most relevant levels based on user preferences Real-Time Confluence Detection : Identifies zones where multiple Fibonacci levels from different timeframes converge Automated Alert System : Comprehensive notifications for level breakouts and confluence zone formations 🔧 Core Components Swing Point Detection Engine : Uses pivot high/low calculations with strength confirmation to identify significant market turns Fibonacci Calculator : Automatically computes standard retracement levels (0.236, 0.382, 0.5, 0.618, 0.786, 0.886) plus extensions (1.272, 1.618) Multi-Timeframe Security Function : Safely retrieves Fibonacci data from higher timeframes without repainting Confluence Analysis Module : Mathematically identifies zones where multiple levels cluster within specified thresholds Dynamic Drawing Management : Efficiently handles line and label creation, updates, and deletion to maintain performance 🔥 Key Features Customizable Swing Detection : Adjust swing length (3-50 bars) and strength confirmation (1-10 bars) to match your trading style Selective Level Display : Choose which Fibonacci levels to show, from core levels to full extensions Multi-Timeframe Analysis : Analyze up to 3 different timeframes simultaneously for confluence identification Intelligent Labeling System : Options to show main levels only or all levels, with latest-set-only functionality Visual Customization : Adjustable line width, colors, and extension options for optimal chart clarity Performance Optimization : Limit maximum Fibonacci sets (1-5) to maintain smooth chart performance Comprehensive Alerting : Get notified on level breakouts and confluence zone formations 🎨 Visualization Dynamic Fibonacci Lines : Color-coded lines (green for uptrends, red for downtrends) with customizable width and extension Smart Level Labels : Precise level identification with both ratio and price values displayed Confluence Zone Highlighting : Visual emphasis on areas where multiple timeframe levels converge Clean Chart Management : Automatic cleanup of old drawing objects to prevent chart clutter Responsive Design : All visual elements adapt to different chart sizes and timeframes 📖 Usage Guidelines Swing Detection Settings Swing Detection Length - Default: 25 | Range: 3-50 | Controls the lookback period for identifying pivot points. Lower values detect more frequent swings but may include noise, while higher values focus on major market turns. Swing Strength (Confirmation Bars) - Default: 2 | Range: 1-10 | Number of bars required to confirm a swing point. Higher values reduce false signals but increase lag. Minimum Swing % Change - Default: 1.0% | Range: 0.1-10.0% | Minimum percentage change required to register a valid swing. Filters out insignificant price movements. Fibonacci Level Settings Individual Level Toggles : Enable/disable specific Fibonacci levels (0.236, 0.382, 0.5, 0.618, 0.786, 0.886) Extensions : Show projection levels (1.272, 1.618) for target identification Multi-Timeframe Settings Timeframe Selection : Choose three higher timeframes for confluence analysis Confluence Threshold : Percentage tolerance for level clustering (0.5-5.0%) ✅ Best Use Cases Swing Trading : Identify optimal entry and exit points at key retracement levels Confluence Trading : Focus on high-probability zones where multiple timeframe levels align Support/Resistance Trading : Use dynamic levels that adapt to changing market structure Breakout Trading : Monitor level breaks for momentum continuation signals Target Setting : Utilize extension levels for profit target placement ⚠️ Limitations Lagging Nature : Requires confirmed swing points, which means levels appear after significant moves Market Condition Dependency : Works best in trending markets; less effective in extremely choppy conditions Multiple Signal Complexity : Multiple timeframe analysis may produce conflicting signals requiring experience to interpret Performance Considerations : Multiple Fibonacci sets and MTF analysis may impact indicator loading time on slower devices 💡 What Makes This Unique Automated Precision : Eliminates manual drawing errors and subjective level placement Multi-Timeframe Intelligence : Combines analysis from multiple timeframes for superior confluence detection Adaptive Management : Automatically updates and manages multiple Fibonacci sets as market structure evolves Professional-Grade Alerts : Comprehensive notification system for all significant level interactions 🔬 How It Works Step 1 - Swing Point Identification : Scans price action using pivot high/low calculations with specified lookback periods, applies confirmation logic to eliminate false signals, and calculates swing strength based on surrounding price action for quality assessment. Step 2 - Fibonacci Level Calculation : Automatically computes retracement and extension levels between confirmed swing points, creates dynamic level sets that update as new swing points are identified, and maintains multiple active Fibonacci sets for comprehensive market analysis. Step 3 - Multi-Timeframe Confluence : Retrieves Fibonacci data from higher timeframes using secure request functions, analyzes level clustering across different timeframes within specified thresholds, and identifies high-probability zones where multiple levels converge. 💡 Note: This indicator works best when combined with other technical analysis tools and proper risk management. The multi-timeframe confluence feature provides the highest probability setups, but always confirm signals with additional analysis before entering trades.
Pine Script® indicator
by PhenLabs
1
VDN 5-IFTC Only - TP/SL Sorarak Ayarlanır Strategy Overview: This is a simple yet powerful reactive entry strategy based on the Inverse Fisher Transform of CCI (IFTC). The system enters a long trade only when the IFTC crosses above -0.5, signaling a potential momentum shift from oversold conditions. Entry Rule: - A long position is opened immediately when IFTC crosses above -0.5. - No additional filters (trend, volume, or confirmation) are applied for faster execution. Take-Profit and Stop-Loss: - By default, the strategy uses a Take-Profit of 10 points and a Stop-Loss of 50 points, suitable for instruments like NAS100 with a 0.1 lot size. - Manual Control Option: You can enable custom TP/SL values by checking the `Use Manual TP/SL` input. This gives you full control over the trade exit levels. Custom Inputs: - `Use Manual TP/SL`: When enabled, allows you to input your own TP and SL values. - If not enabled, the strategy falls back to the default: TP = 10, SL = 50. Use Cases: - Works best in low timeframes (e.g., 1m or 5m) for reactive scalping. - Can be expanded with trend filters or volume conditions. - Ideal for manual backtesting and rapid-entry scalpers. Notes: - No short entries included in this version. - No trailing stop or breakeven logic (clean and minimal). - Compatible with any instrument where point-based profit/loss structure makes sense. Feel free to clone and modify this script for your specific instrument or trade management logic. Feedback and improvements welcome!
Pine Script® strategy
by vidinozyer
Volumetric Compressed MAVCMA uses the compressor and weighted stdev functions originally translated to pine by @gorx1. Compressor is usually used in audio to avoid clipping of certain frequencies. The original idea is actually pretty simple: ma(simple string smt, float src, simple int len) => switch smt 'RMA' => ta.rma(src, len) 'SMA' => ta.sma(src, len) 'EMA' => ta.ema(src, len) 'WMA' => ta.wma(src, len) 'HMA' => ta.hma(src, len) 'LSMA' => ta.linreg(src, len, 0) => na compressor(float in_1, simple int len, simple int thresh_dn_m, simple int thresh_up_m) => data = math.log(math.abs(in_1)) loc = ta.wma(data, len) dev = wstdev(data, len) thresh_dn = loc + dev * thresh_dn_m thresh_up = loc + dev * thresh_up_m math.exp(math.min(math.max(data, thresh_up), thresh_dn)) - math.exp(thresh_up) compressed_out = compressor(volume, len_window, up_thresh, down_thresh) comp_ma = ma(ma_type, close * compressed_out, len_ml) / ma(ma_type, compressed_out, len_ml) vwma = ma(ma_type, close, len_window) We get the ratio of the compressed volume calculation and plot it with the base MA. Base MA's length is determined by window size input compared to ML length that is used for compressed version. This provides us another possible confirmation indicator that can be used to take advantage of volume ranges. Autmated crossover alerts are also added. A reminder is that this kind of indicators should not be used on it's own for trading but rather should be used as a confirmation along with your trend detection and main entry indicators to provide additional confluence.
Pine Script® indicator
by serkany88
Range Breakout [sgbpulse]Range Breakout 1. Overview The "Range Breakout " indicator is a powerful tool designed to identify and visually display price ranges on your chart using pivot points. It dynamically draws two distinct boxes – an External Range and an Internal Range – helping traders pinpoint potential support and resistance zones. Beyond its visual representation, the indicator offers a comprehensive set of 12 unique breakout alerts, providing real-time notifications for significant price movements outside these defined ranges. Additionally, it integrates RSI and MFI metrics for momentum confirmation. 2. How It Works The indicator operates by identifying pivot points based on user-defined "left" and "right" bar lengths. A high pivot is a bar with a specified number of lower highs both to its left and right, and similarly for a low pivot. External Range: Calculated using longer pivot lengths (default: 15 bars left, 6 bars right). This range represents broader, more significant price consolidation areas. Internal Range: Calculated using shorter pivot lengths (default: 4 bars left, 3 bars right). This range captures tighter, more immediate price consolidations within the broader trend. The External Range will always be greater than or equal to the Internal Range, as it's based on a wider historical context. Both ranges are displayed as transparent boxes on your chart, dynamically adjusting as new pivots are formed. 3. Key Features and Settings Customizable Pivot Lengths: External Range (Left/Right Bars): Adjust sensitivity for identifying the broader price range. Longer lengths lead to more stable, but less frequent, range updates. Internal Range (Left/Right Bars): Adjust sensitivity for the tighter, more immediate price range. Tool Tips: Minimum 6 bars for the External Range, and minimum 2 bars for the Internal Range. Customizable Range Colors: Easily change the background colors of the External and Internal Range boxes to match your chart's aesthetic. Dynamic Range Display: The indicator automatically updates the range boxes as new pivot highs and lows are formed, always presenting the most current valid ranges. RSI / MFI Settings: Timeframe Source: Select the timeframe for RSI and MFI calculation. - Chart: Calculation based on the current chart timeframe. - Daily: Always calculated based on the daily ("D") timeframe, even if the chart is on a lower timeframe. RSI Length: Period length for RSI calculation (default: 14). RSI Overbought Level: Overbought level for RSI (default: 70.0). RSI Oversold Level: Oversold level for RSI (default: 30.0). MFI Length: Period length for MFI calculation (default: 14). MFI Overbought Level: Overbought level for MFI (default: 80.0). MFI Oversold Level: Oversold level for MFI (default: 20.0). 4. Synergy of Ranges & Breakout Strength The interaction between the External and Internal Ranges provides deep insights into price movement and breakout strength: Immediate Direction: The movement of the Internal Range (up or down) indicates the short-term directional bias within the broader framework of the External Range. Strength Confirmation: A breakout of the External Range, followed by a breakout of the Internal Range, confirms the strength of the move and increases confidence in the breakout. Strong Momentum ("Leaving" Ranges Behind): When price breaks out with exceptionally strong momentum, it continues to move aggressively and does not immediately form new pivots. In such situations, the existing ranges (External and Internal) remain in place while the candles "leave them behind." A "Full Candle" breakout, where the entire candle moves past both ranges, indicates a particularly powerful and decisive move. Momentum (RSI / MFI) as Confirmation: - RSI (Relative Strength Index): Measures the speed and change of price movements. Extreme values (above 70 or below 30) indicate overbought/oversold conditions respectively, confirming strong momentum in a breakout. - MFI (Money Flow Index): Similar to RSI but incorporates volume. Extreme values (above 80 or below 20) indicate strong money flow in/out, reinforcing breakout confirmation. - Importance of Confirmation: If a breakout occurs but momentum indicators do not confirm it (for example, an upside breakout while RSI is declining), this could signal weakness in the move and the risk of a false breakout (Fakeout). 5. Visuals The indicator provides clear visual representations on the chart: Range Boxes: Two dynamic boxes are drawn on the chart: one for the External Range and one for the Internal Range. These boxes update continuously, displaying the current range boundaries based on the latest pivots. They provide an immediate visual indication of support and resistance levels. RSI/MFI Status Labels: Small text labels appear to the right of the current bar, vertically centered. They display the status of RSI and MFI: RSI OB (Overbought), RSI OS (Oversold), MFI OB, MFI OS, along with the exact value. Important: The labels remain on the chart as long as the condition holds (indicator is above/below the level), unlike alerts which mark a singular crossover event. Plotting of Key Values: The indicator plots six invisible series on the chart, primarily to allow the user to view the exact numerical values of: - The upper and lower bounds of the External Range (External High, External Low). - The upper and lower bounds of the Internal Range (Internal High, Internal Low). - The calculated RSI and MFI values (RSI, MFI). These values are accessible for viewing through TradingView's Data Window and also via the Status Line when hovering over the relevant candle. This enables more precise quantitative analysis of range levels and momentum. 6. Comprehensive Breakout Alerts The "Range Breakout " indicator provides 12 distinct alert conditions for breakouts, allowing you to select the required level of confirmation for each alert. All alerts are triggered only upon a fully confirmed bar close (barstate.isconfirmed) to minimize false signals and ensure reliability. All breakout alerts are configured to detect a Crossover/Crossunder of the levels, meaning a specific event where the price moves from one side of the range to the other. External Range Breakout UP - Close: Price closes above the External Range. - Real Body: The entire "real body" of the candle (min of open/close prices) closes above the External Range. - Full Candle: The entire candle (the lowest point of the candle) closes above the External Range. External Range Breakout DOWN - Close: Price closes below the External Range. - Real Body: The entire "real body" of the candle (max of open/close prices) closes below the External Range. - Full Candle: The entire candle (the highest point of the candle) closes below the External Range. Internal Range Breakout UP - Close: Price closes above the Internal Range. - Real Body: The "real body" of the candle closes above the Internal Range. - Full Candle: The entire candle closes above the Internal Range. Internal Range Breakout DOWN - Close: Price closes below the Internal Range. - Real Body: The "real body" of the candle closes below the Internal Range. - Full Candle: The entire candle closes below the Internal Range. 7. Ideal Use Cases This indicator is ideal for traders who: Want to clearly identify and monitor price consolidation zones. Seek confirmation for breakout strategies across various timeframes. Require reliable and automated alerts for potential entry or exit points based on range expansion. 8. Complementary Indicator For even more comprehensive market analysis, we highly recommend using this indicator in conjunction with Market Structure Support & Resistance External/Internal & BoS . This powerful complementary indicator automatically and accurately identifies significant support and resistance levels by locating high and low pivot points, as well as key Pre-Market High/Low levels. Its strength lies in its dynamic adaptability to any timeframe and asset, providing precise and relevant real-time levels while maintaining a clean chart. It also identifies Break of Structure (BoS) to signal potential trend changes or continuations. Using both indicators together provides a robust framework for identifying defined ranges and potential trend shifts, enabling more informed trading decisions. View Market Structure Support & Resistance External/Internal & BoS Indicator 9. Important Note: Trading Risk This indicator is intended for educational and informational purposes only and does not constitute investment advice or a recommendation for trading in any form whatsoever. Trading in financial markets involves significant risk of capital loss. It is important to remember that past performance is not indicative of future results. All trading decisions are your sole responsibility. Never trade with money you cannot afford to lose.
Pine Script® indicator
by sgbpulse
Fibonacci 61.8 BUY or SELL (EMA-Filtered)This indicator helps identify Fibonacci-based Buy or Sell zones based on recent pivot highs/lows, but only when filtered by the EMA trend. ✅ Buy Zones: Only when price is above EMA ✅ Sell Zones: Only when price is below EMA 🟩 Draws a 61.8% Fibonacci retracement line 🟥 Adds a label with price value: BUY @ or SELL @ 📏 All drawing is based on pivot structure (LL → LH for buy; HH → HL for sell) 📊 EMA Trend Filter Only draws buy setups when price > EMA Only draws sell setups when price < EMA You can change the EMA length: 📈 How It Works – Step by Step ✅ BUY SETUP (LL → LH, only if price > EMA): Detects pivot low → stores as prevLow Detects pivot high after that → stores as prevHigh Calculates Fib Level: fibLevel = prevLow + (prevHigh - prevLow) * 0.618 Draws a green dashed line at that fib level Adds a label to the right: "BUY @ price" 🚫 SELL SETUP (HH → HL, only if price < EMA): Detects pivot high → stores as prevHigh Detects pivot low after that → stores as prevLow Calculates Fib Level: fibLevel = prevHigh - (prevHigh - prevLow) * 0.618 Draws a red dashed line at that fib level Adds a label to the right: "SELL @ price" ✅ Strengths Simple yet powerful EMA + Fibonacci strategy Visually clean: only one signal shown at a time Customizable: style, color, width, offset, precision Works well for trend continuation trades ⚠️ Limitations Only shows latest setup, not historical signals Does not show price breaking fib level or reacting to it Assumes fixed 61.8% retracement—no multi-level analysis Doesn't differentiate between minor and major pivots 📌 How to Trade It 🟢 BUY Example: Price above EMA Pivot Low → Pivot High → 61.8% level plotted Wait for price to react at that level to go long 🔴 SELL Example: Price below EMA Pivot High → Pivot Low → 61.8% level plotted Wait for price to react at that level to go short
Pine Script® indicator
by aang-and-appa
VIX-Price Covariance MonitorThe VIX-Price Covariance Monitor is a statistical tool that measures the evolving relationship between a security's price and volatility indices such as the VIX (or VVIX). It can give indication of potential market reversal, as typically, volatility and the VIX increase before markets turn red, This indicator calculates the Pearson correlation coefficient using the formula: ρ(X,Y) = cov(X,Y) / (σₓ × σᵧ) Where: ρ is the correlation coefficient cov(X,Y) is the covariance between price and the volatility index σₓ and σᵧ are the standard deviations of price and the volatility index Enjoy! Features Dual Correlation Periods: Analyze both short-term and long-term correlation trends simultaneously Adaptive Color Coding: Correlation strength is visually represented through color intensity Market Condition Assessment: Automatic interpretation of correlation values into actionable market insights Leading/Lagging Analysis: Optional time-shift analysis to detect predictive relationships Detailed Information Panel: Real-time statistics including current correlation values, historical averages, and trading implications Interpretation Positive Correlation (Red): Typically bearish for price, as rising VIX correlates with falling markets. This is what traders should be looking for. Negative Correlation (Green): Typically bullish for price, as falling VIX correlates with rising markets How to use it Apply the indicator to any chart to see its correlation with the default VIX index Adjust the correlation length to match your trading timeframe (shorter for day trading, longer for swing trading) Enable the secondary correlation period to compare different timeframes simultaneously For advanced analysis, enable the Leading/Lagging feature to detect if VIX changes precede or follow price movements Use the information panel to quickly assess the current market condition and potential trading implications
Pine Script® indicator
by HenriqueCentieiro