1/2/4 Moving Average STR 1.0.0A simple indicator that uses 1/2/4 SMA for Buy and Sell signals.
Buy signal: both 1 and 2 SMAs cross over the 4 SMA on the same bar.
Sell signal: both 1 and 2 SMAs cross under the 4 SMA on the same bar.
Can be coupled with TRP for better view.
Trend Analysis
YXL-INDEX Weinstein Stage Analysis斯坦·韦恩斯坦的阶段分析是一种方法，旨在根据股票价格运动的生命周期来确定最佳的买入和卖出时机。以下是四个阶段的简要概述：
阶段1：筑底区 - 股票在下跌趋势后横向移动，形成基础。这是股票价格整合的积累期，没有明确的趋势。股票在30周移动平均线（现在通常用40周或200日移动平均线取代）附近波动。
阶段2：上升阶段 - 股票在显著成交量下从基础突破，标志着新的上升趋势。价格超过移动平均线，移动平均线开始向上倾斜。这个阶段被认为是买入的最佳时机，因为预计股票将继续上升。
阶段3：顶部区 - 在一段显著的上涨后，股票开始平稳或再次横向移动。移动平均线开始平坦，股票可能会在该平均线上方和下方交易。这一阶段表明上升动能正在减弱，是时候准备卖出或获利了。
阶段4：下降阶段 - 股票从阶段3的整合中突破下行，进入下跌趋势。价格持续低于移动平均线，移动平均线现在向下倾斜。此阶段的特点是持续的低点和低点，建议退出或进行空头操作。
韦恩斯坦的方法在他的《在牛市和熊市中获利的秘诀》一书中详细描述，他还讨论了这些阶段如何适用于不同的市场环境，不仅是单个股票，还有行业和指数。
随着时间的推移，这一方法已经得到改进，一些从业者使用不同的移动平均线或增加更细致的解释，如子阶段（例如1A、1B、2A等，以进行更详细的分析）。
对那些有兴趣应用阶段分析的人来说，像阶段分析筛选器这样的工具或在TradingView等平台上的指标可以自动化地根据价格和成交量数据识别阶段。然而，理解韦恩斯坦教导的基本原则对于有效应用仍然至关重要。
请记住，虽然阶段分析可以提供交易时间的框架，但它只是众多工具中的一种，应该结合其他分析形式（如基本面分析）和风险管理策略一起使用。
YXL-INDEX Weinstein Stage Analysis斯坦·韦恩斯坦的阶段分析是一种方法，旨在根据股票价格运动的生命周期来确定最佳的买入和卖出时机。以下是四个阶段的简要概述：
阶段1：筑底区 - 股票在下跌趋势后横向移动，形成基础。这是股票价格整合的积累期，没有明确的趋势。股票在30周移动平均线（现在通常用40周或200日移动平均线取代）附近波动。
阶段2：上升阶段 - 股票在显著成交量下从基础突破，标志着新的上升趋势。价格超过移动平均线，移动平均线开始向上倾斜。这个阶段被认为是买入的最佳时机，因为预计股票将继续上升。
阶段3：顶部区 - 在一段显著的上涨后，股票开始平稳或再次横向移动。移动平均线开始平坦，股票可能会在该平均线上方和下方交易。这一阶段表明上升动能正在减弱，是时候准备卖出或获利了。
阶段4：下降阶段 - 股票从阶段3的整合中突破下行，进入下跌趋势。价格持续低于移动平均线，移动平均线现在向下倾斜。此阶段的特点是持续的低点和低点，建议退出或进行空头操作。
韦恩斯坦的方法在他的《在牛市和熊市中获利的秘诀》一书中详细描述，他还讨论了这些阶段如何适用于不同的市场环境，不仅是单个股票，还有行业和指数。
随着时间的推移，这一方法已经得到改进，一些从业者使用不同的移动平均线或增加更细致的解释，如子阶段（例如1A、1B、2A等，以进行更详细的分析）。
对那些有兴趣应用阶段分析的人来说，像阶段分析筛选器这样的工具或在TradingView等平台上的指标可以自动化地根据价格和成交量数据识别阶段。然而，理解韦恩斯坦教导的基本原则对于有效应用仍然至关重要。
请记住，虽然阶段分析可以提供交易时间的框架，但它只是众多工具中的一种，应该结合其他分析形式（如基本面分析）和风险管理策略一起使用。
GC / DXY Trend AnalysisThis indicator looks at the inverse relation between GC and DXY. Then DXY rises, GC generally falls. The chart also tracks silver and platinum. ES is also included for reference as violent short term moves in ES tend to affect GC as well.
HTF H/L ChannelThe indicator allows you to easily reference market structure from 2 selectable timeframes.
TF1 is the timeframe that generates the channel.
It is formed from a moving average of highs and lows over lookback periods from the TF1 timeframe.
The fushia lines are formed from recent highs and lows from TF1 over lookback periods.
The single thicker plot tracks the moving average of close from TF2 over lookback periods.
The thin white plot tracks the moving average of close from the charts timeframe over lookback periods.
Most plots are overlaid onto the main chart for reference.
An orange plot appears over/under candles to indicate rsi14 from the charts timeframe that is over/under 70/30.
Markers appear to mark channel entries and exits.
Combined IndicatorsAlright, i just want to show a short and easy description of the combined indicator so they can use it effectively on TradingView charts. Let me break down what each part of the indicator does.
First, there's the Supertrend. It helps identify trends with buy/sell signals.
Then the Double EMA (DEMA) smooths price data more than a regular EMA.
The RSI shows overbought/oversold conditions and has divergence alerts.
The Trend Moving Average adapts to market volatility.
Fibonacci Bollinger Bands use Fibonacci levels around a moving average for dynamic support/resistance.
Lastly, Trendlines with Breaks detect trendline breakouts.
So I am explaining each component in simple easy understanding language with a summary of what the indicator offers. Also each part is list with a brief function and how traders can use them. Examples would help, like using Supertrend for trend direction, DEMA for entries, RSI for reversals, etc.
Combined Indicator Description
This indicator combines 6 powerful tools to help you spot trends, reversals, and breakouts:
Supertrend:
What it does: Shows trend direction (green = uptrend, red = downtrend) and generates buy/sell signals.
Example: Enter long when the line turns green; exit when it turns red.
Double EMA (DEMA):
What it does: A smoother moving average to track trends faster than regular EMA.
Example: Price crossing above DEMA signals bullish momentum.
RSI with Divergence Alerts:
What it does: Highlights overbought (above 70) and oversold (below 30) zones. Divergence alerts warn of potential reversals.
Example: Bullish divergence (price makes lower low, RSI makes higher low) = buy signal.
Trend Moving Average:
What it does: Adapts to volatility, acting as dynamic support/resistance.
Example: Bounce off TRAMA in an uptrend = continuation signal.
Fibonacci Bollinger Bands:
What it does: Combines Fibonacci levels with Bollinger Bands to identify key price zones.
Example: Price hitting the upper 0.618 band = potential reversal area for uptrend or viceversa.
Trendlines showing Breaks:
What it does: Automatically draws trendlines and alerts when price breaks them.
Example: Break above a falling trendline = bullish breakout (label "B" in green).
How to Use
Trend Following: Trade in the direction of the Supertrend.
Reversals: Use RSI divergences or Fibonacci Bollinger Bands.
Breakouts: Watch for "B" labels from Trendlines with Breaks.
Example Setup:
Buy when:
Supertrend turns green + Price crosses above DEMA + RSI > 50.
Sell when:
Supertrend turns red + Price breaks below Fibonacci Bollinger Band support.
RSI & EMA IndicatorIndicator Purpose: Multi-Timeframe EMA & RSI Analysis with Trend Merging Detection
This multi-timeframe indicator is designed for trend analysis, momentum confirmation, and potential trend shift detection using Exponential Moving Averages (EMAs) and Relative Strength Index (RSI) across Daily, Weekly, and Monthly timeframes.
Key Uses:
✅ Identify Trend Direction:
Short, Medium, and Long EMAs indicate trend strength and alignment across different timeframes.
Green cells (bullish alignment) vs. Red cells (bearish alignment) help traders quickly assess momentum.
✅ Confirm Momentum with RSI:
Compares Daily, Weekly, and Monthly RSI values to gauge overbought/oversold conditions.
Helps traders confirm whether an asset is gaining or losing strength.
✅ Detect Trend Reversals via EMA Merging:
Flags potential trend shifts when shorter and longer EMAs get close (merge).
The " ⚠️ Merge" alert warns of possible consolidation, trend breakouts, or reversals.
Who Can Use This?
📊 Swing Traders & Position Traders – Identify strong trends and momentum shifts for longer-term trades.
📈 Trend Followers – Stay aligned with major market trends and avoid trading against momentum.
⚡ Day Traders – Use Daily EMA & RSI for short-term confirmations while referencing Weekly/Monthly trends.
This indicator enhances decision-making by combining short, mid, and long-term trend validation into a single visual tool, reducing noise and increasing confidence in trading strategies. 🚀
isha//@version=6
import yashgode9/signalLib_yashgode9/2 as signalLib
indicator('isha', 'isha', true, format.price, max_labels_count = 200, max_lines_count = 50)
//--------------------- Prerequisites of script ---------------------// `, ` `, and `
DEPTH_ENGINE = input.int(30, 'DEPTH_ENGINE', minval = 1, step = 1, group = 'signalLib Config')
DEVIATION_ENGINE = input.int(5, 'DEVIATION_ENGINE', minval = 1, step = 1, group = 'signalLib Config')
BACKSTEP_ENGINE = input.int(5, 'BACKSTEP_ENGINE', minval = 2, step = 1, group = 'signalLib Config')
labels = input(0, 'Labels Transparency', group = 'Labels')
buycolor = input(#03ff85, 'Buy-Color', group = 'Colors')
sellcolor = input(#fc0808, 'Sell-Color', group = 'Colors')
buycolor1 = #000000
sellcolor1 = #000000
lines = 0
labelsize__0 = input.int(3, 'Label size', minval = 1, maxval = 5, group = 'Labels')
labelsize = switch labelsize__0
1 => size.tiny
2 => size.small
3 => size.normal
4 => size.large
5 => size.huge
repaint = true
extend = false
//--------------------- Main Logic of Script ---------------------//
= signalLib.signalLib(low,high,DEPTH_ENGINE,DEVIATION_ENGINE,BACKSTEP_ENGINE)
string nowPoint = ''
// Define variables in global scope
var float lastPoint = na
var float field_1 = na
var float field_2 = na
var float field_3 = na
field_0 = zee1.price
if bool(ta.change(direction))
field_1 := zee1.price
lastPoint := field_1
lastPoint
line zeezee = na
label point = na
if repaint
nowPoint := direction < 0 ? zee2.price < lastPoint ? 'Buy-point' : 'Buy-point' : zee2.price > lastPoint ? 'Sell-point' : 'Sell-point'
point := label.new(zee2, nowPoint, xloc.bar_time, yloc.price, color.new(direction < 0 ? buycolor : sellcolor, labels), direction > 0 ? label.style_label_down : label.style_label_up, color.new(direction > 0 ? buycolor1 : sellcolor1, labels), labelsize)
if direction == direction
line.delete(zeezee )
label.delete(point )
else
line.set_extend(zeezee , extend.none)
else
if direction != direction
field_2 := zee2.price
field_3 := zee2.price
nowPoint := direction < 0 ? field_2 < lastPoint ? 'Buy-point' : 'Buy-point' : field_3 > lastPoint ? 'Sell-point' : 'Sell-point'
point := label.new(zee2 , nowPoint, xloc.bar_time, yloc.price, color.new(direction < 0 ? buycolor : sellcolor, labels), direction > 0 ? label.style_label_down : label.style_label_up, color.new(direction > 0 ? buycolor1 : sellcolor1, labels), labelsize)
point
// Alert function for direction change
if bool(ta.change(direction)) // Convert to boolean
if direction > 0
alert("Sell signal generated!!!", alert.freq_once_per_bar_close)
else
alert("Buy signal generated!!!", alert.freq_once_per_bar_close)
Supertrend avec alertes multi-timeframeOverview
This Pine Script indicator implements a Supertrend strategy with multi-timeframe analysis. It allows traders to monitor and compare the Supertrend signals across different timeframes, enhancing their decision-making process for trading entries and exits.
Features
Configurable ATR Period & Multiplier: The user can set the ATR (Average True Range) period and multiplier to fine-tune the Supertrend calculation.
Multi-Timeframe Analysis: The script calculates the Supertrend indicator on three customizable timeframes:
Current chart timeframe
5-minute timeframe (default, user-configurable)
15-minute timeframe (default, user-configurable)
Buy & Sell Signals: Generates buy signals when the trend turns bullish and sell signals when the trend turns bearish.
Highlighting Option: Allows users to enable or disable visual highlighting of trend changes.
Alerts:
Individual buy and sell alerts.
Multi-timeframe confirmation alert (when all selected timeframes align in trend direction).
Parameters
ATR Period : Defines the number of periods used for ATR calculation.
ATR Multiplier : Determines the sensitivity of the Supertrend line.
Change ATR Calculation Method : Toggles between traditional ATR and SMA-based ATR calculation.
Timeframe Selection : Users can customize the three timeframes used in the multi-timeframe analysis.
Highlighting Option : Enables/disables visual trend highlighting.
Calculation
The script calculates the Supertrend based on the selected ATR settings.
It retrieves Supertrend values for the selected timeframes using request.security().
It determines buy/sell signals based on trend transitions.
If trends across selected timeframes align, an alert condition is triggered.
Usage
This indicator is useful for traders who rely on trend-following strategies and want to confirm signals across multiple timeframes before entering a trade. It helps reduce false signals by ensuring that trend reversals are consistent across different time intervals.
Notes
The default timeframes (current, 5m, 15m) can be changed based on trading style and strategy.
The script does not include stop-loss or take-profit logic; traders should integrate risk management strategies accordingly.
This tool is ideal for traders looking for a systematic trend confirmation approach using the Supertrend indicator across multiple timeframes.
Bosi - Weekly LinesThis indicator shows the high and low of the previous week as well as the opening price.
It also marks the region of the week to come, with 2 vertical lines.
It is an indicator to facilitate and save time in graphing and to help with possible targets.
PWL
PWH
WOP
EMA 20/50 ACHAT/VENTEParamètres par défaut :
EMA 20 - EMA - fermeture - vert
EMA 50 - EMA - fermeture - rouge
Explication des EMA vs SMA :
www.youtube.com
Script inspiré par l'indicateur de @Kromen34 :
- Institutional Analysis ULAVESHThis pinescript combines volume profile ,fibonacci levels and smart money concepts to help identify key market levels and potential trade opportunities...designed for informational purposes, it aims to assist traders in making informed decisions based on institutional market behaviour
SyakDan FX (Clear Version)**SyakDan FX (Clear Version) - Indicator Description**
### Overview:
SyakDan FX (Clear Version) is a comprehensive TradingView indicator designed for account management, trend identification, and automated trading signals. This script utilizes multiple moving averages, ATR-based stop-loss calculations, and Fibonacci-based pivot points to assist traders in making informed trading decisions.
### Features:
1. **Account Management Calculation:**
- The indicator dynamically adapts to the current timeframe.
- Customizable moving average (MA) types, including EMA, SMA, WMA, and HMA.
- ATR-based trailing stop and volatility assessment.
2. **Moving Averages & Trend Identification:**
- Configurable EMA lengths for three different moving averages.
- Dynamic selection of MA types (SMA, EMA, WMA, HMA) for flexibility.
- Different EMA lengths for low and high timeframes.
- Automatic detection of EMA crossovers and trend changes.
3. **Entry, Stop-Loss, and Take-Profit Calculation:**
- Enables automatic calculation of entry, stop-loss, and take-profit levels.
- ATR-based stop-loss placement.
- Multi-level take-profit targets (TP1, TP2, TP3, and Max TP).
- Visual representation of SL/TP levels using dynamic lines and labels.
4. **Alerts & Notifications:**
- Alerts for EMA crossovers (Buy & Sell signals).
- Additional alerts when EMA 2 crosses EMA 3, indicating strong signals.
5. **Pivot Point Calculations:**
- Calculates daily and weekly pivot points using Fibonacci and traditional methods.
- Helps traders identify key support and resistance levels.
### How It Works:
- The indicator plots three customizable moving averages on the chart.
- It detects crossovers between these moving averages to identify potential buy and sell signals.
- ATR (Average True Range) is used to set dynamic stop-loss and take-profit levels.
- Traders can enable or disable automatic SL/TP plotting.
- Alerts notify users when key trade signals occur.
- Fibonacci and traditional pivot points provide additional confluence for trading decisions.
### Customization Options:
- **MA Type Selection:** Choose from SMA, EMA, WMA, or HMA for each moving average.
- **EMA Length Adjustments:** Modify the lengths for short-term and long-term trends.
- **SL/TP Settings:** Enable or disable SL/TP plotting and customize their multipliers.
- **Alert Preferences:** Enable or disable alerts for trend crossovers.
### Ideal Usage:
- Traders using trend-following strategies based on moving averages.
- Those who want automated SL/TP placement for risk management.
- Anyone looking to integrate pivot points into their trading decisions.
This indicator provides a clean, structured approach to trading with automated analysis, reducing the need for manual calculations while offering strong risk management tools.
SUPER Indicator
SUPER Indicator Breakdown
SUPER Indicator combines multiple trend and momentum indicators to generate buy/sell signals, trend zones, stop-loss suggestions, and volume confirmations. Here’s how it works:
1️⃣ Core Components
The script is designed for trend-following and breakout strategies, utilizing:
• Moving Averages:
• Fast EMA (9) → Captures short-term trends.
• Slow EMA (21) → Identifies broader trends.
• VWAP → Acts as an institutional price benchmark.
• Momentum Indicators:
• MACD Line → Difference between the 12 EMA & 26 EMA (trend momentum).
• RSI (14) → Identifies overbought (>50) or oversold (<50) conditions.
• Volume Analysis:
• Uses Simple Moving Average (SMA) on volume to confirm breakout moves.
2️⃣ Buy & Sell Conditions
The indicator generates buy and sell signals based on:
✅ Buy Condition (Bullish Setup)
• Fast EMA crosses above Slow EMA.
• MACD Line is positive (uptrend momentum).
• RSI is above 50 (bullish sentiment).
❌ Sell Condition (Bearish Setup)
• Fast EMA crosses below Slow EMA.
• MACD Line is negative (downtrend momentum).
• RSI is below 50 (bearish sentiment).
Visualization:
• Green Buy Markers → Appear above candles.
• Red Sell Markers → Appear below candles.
3️⃣ Stop-Loss & Target Levels
To help manage trades, the script automatically calculates ATR-based stop-loss levels:
• Long Stop → Close - (ATR * ATR Multiplier)
• Short Stop → Close + (ATR * ATR Multiplier)
• Profit Target → Close + (ATR * ATR Multiplier * 1.5)
ATR helps adjust stops dynamically based on market volatility.
Visualization:
• Gray Lines → ATR-based stop-losses.
• Green Line → Suggested profit target.
4️⃣ Trend Strength Zones
The script highlights background colors to indicate trend strength:
• Green Zone → Strong uptrend.
• Red Zone → Strong downtrend.
• No Highlight → Neutral market conditions.
5️⃣ Volume Confirmation
The script confirms validity of buy/sell signals using volume:
• Bar Color Turns Green → If trend is bullish & volume > 20 SMA.
• Bar Color Turns Red → If trend is bearish & volume > 20 SMA.
This ensures higher-probability signals by confirming breakout volume.
✅ Pros:
• Dynamic trend detection and momentum filtering.
• ATR-based risk management (adaptive stops/targets).
• Uses volume confirmation to avoid false breakouts.
• Simple yet powerful → Works for day & swing trading.
Supertrend + EMA Indicator TKI have generated the code for you. You can paste it into TradingView and use it on your chart.
📈 Buy Signal: When the price crosses above the Supertrend and is above both EMA 9 and EMA 21.
📉 Sell Signal: When the price crosses below the Supertrend and is below both EMA 9 and EMA 21.
AYG Support and ResistanceThis indicator shows Previous Week's High Low, the Previous Day's High Low, today's fifteen-minute High Low, EMA 9, EMA 21, EMA 50, and VWAP. This will help in plotting Support and Resistance on the chart.
Improved Multi-Timeframe Momentum/Squeeze/DIM/with EMA indicatorAdvanced all-in-one TradingView indicator designed for the modern trader.
Overview:
This enhanced script combines multi-timeframe squeeze, DMI, momentum, and stacked moving average analysis with a dynamically updating table and fully customizable EMAs. Whether you trade on a 5-minute chart or higher timeframes, this indicator adapts instantly to your selected timeframe—eliminating the hassle of toggling between different charts.
Key Features:
Dynamic Multi-Timeframe Table:
The table updates automatically based on your selected chart timeframe, so if you’re trading on a 5-minute chart, all the data will reflect 5-minute resolutions without additional toggling.
Quickly view squeeze conditions, momentum, 10x DMI, and MA stacking across multiple resolutions in one glance.
Customizable EMAs:
Adjust the periods (default 9, 21, 50, and 200) and choose your preferred colors via intuitive input settings.
Tailor the moving averages to match your trading strategy and visual preferences for enhanced clarity and decision-making.
Robust Squeeze & DMI Analysis:
Utilizes Bollinger Bands and Keltner Channels to identify squeeze conditions (No Squeeze, Low, Medium, High Compression) with clear visual cues.
Integrates DMI and momentum oscillators to provide insight into market strength and trend direction.
User-Friendly & Time-Saving:
Designed to streamline your workflow—spend less time switching timeframes and more time seizing trading opportunities.
The clean, dynamic display makes it accessible for both beginners and professional traders.
Benefits:
For 5-Minute Traders: The indicator automatically updates to show 5-minute resolution data, so you no longer need to manually change chart settings to get the full picture.
Customizable Visualization: Personalize your EMAs and color schemes to create a trading environment that works best for you.
Comprehensive Market Analysis: With everything from squeeze signals to trend strength displayed in one integrated tool, you can make more informed, efficient decisions.
If you find this tool valuable, consider supporting its development by sharing or contributing. Your support helps enhance future updates and features!
ORB-5Min + Adaptive 12/48 EMA + PDH/PDL
Overview:
This indicator combines the 5-Minute Opening Range Breakout (ORB), Adaptive 12/48 Exponential Moving Averages (EMAs), and Previous Day High/Low (PDH/PDL) levels to help traders identify key intraday levels and market trends.
Key Components and Logic:
5-Minute Opening Range Breakout (ORB):
Displays the high and low from the first 5-minute candle of the trading session.
Includes customizable opacity for the range fill.
Helps traders spot breakout opportunities and key support/resistance zones.
Adaptive 12/48 EMA System:
Displays EMAs for 9, 12, 48, and 200 periods.
The 12 EMA changes color based on whether the price is entirely above or below it.
The 48 EMA changes color depending on its relationship with the 12 EMA.
Provides dynamic trend identification and potential entry/exit signals.
Previous Day High/Low (PDH/PDL):
Displays the previous day’s high and low levels.
Useful for tracking key intraday support/resistance levels and potential reversal points.
Summary:
This script stands out by blending three popular intraday tools into a single comprehensive indicator. The combined visualization provides a layered market context that assists traders in making informed decisions quickly. The color-adaptive EMAs add clarity to trend direction, while the ORB and PDH/PDL levels highlight significant price zones for breakout or reversal trades.
How to Use:
Breakout Trades: Watch for price breaks above the ORB high or below the ORB low, especially when supported by EMA trends.
Trend Confirmation: Use the color-adaptive 12/48 EMA system to gauge momentum and market direction.
Reversal or Continuation: Observe how price reacts around PDH/PDL levels, especially if confluence with EMAs occurs.
This indicator is suitable for day traders seeking a clear and efficient way to track market structure, identify trends, and spot potential trade opportunities during regular market hours.
Normalized RSI Oscillator with DivergencesNormalized RSI with Divergences {A Next-Level Trading Tool}
The Normalized RSI with Divergences indicator is a powerful and innovative tool designed to enhance your trading precision. By normalizing the Relative Strength Index (RSI) and detecting divergences between the standard and normalized RSI, this script helps traders identify potential trend reversals and continuations with remarkable clarity.
Key Features
🔹 Advanced RSI Normalization
• Transforms the traditional RSI into a normalized range of , making overbought and oversold conditions more intuitive.
• Utilizes a dynamic lookback period to adapt to market conditions.
🔹 Divergence Detection for Smarter Trading
• Identifies Bullish, Hidden Bullish, Bearish, and Hidden Bearish divergences by analyzing RSI pivot points.
• Provides early signals of trend reversals and continuations for better trade execution.
🔹 Clear & Visual Trade Signals
• Divergences are automatically labeled on the chart:
o Bullish Divergence: 🟢 “Bull” (Green) – Possible upward reversal.
o Hidden Bullish Divergence: 🟢 “Hid.” (Lime) – Continuation of an uptrend.
o Bearish Divergence: 🔴 “Bear” (Red) – Possible downward reversal.
o Hidden Bearish Divergence: 🟠 “Hid.” (Orange) – Continuation of a downtrend.
🔹 Fully Customizable Inputs
• Adjust RSI period, normalization lookback, and divergence parameters to fit your strategy.
• Tailor the indicator to your preferred trading style and market conditions.
________________________________________
How It Works
🔹 RSI Normalization Formula:
Norm=2×(RSI−MinMax−Min)−1\text{Norm} = 2 \times \left(\frac{\text{RSI} - \text{Min}}{\text{Max} - \text{Min}}\right) - 1Norm=2×(Max−MinRSI−Min)−1
• Min & Max represent the lowest and highest RSI values over the selected lookback period.
🔹 Divergence Detection Process:
• Identifies pivot points in both the normalized RSI and the standard RSI.
• Compares their directions to detect potential trading signals.
🔹 Real-Time Chart Labeling:
• Uses label.new to visually highlight divergence points for quick and efficient decision-making.
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Input Parameters
• Source: Price source for RSI calculation (Default: hlc3).
• Signal Period: RSI calculation period (Default: 50).
• Lookback Range: Normalization period (Default: 200, Max: 5000).
• Trend Length: Smoothing period for normalized RSI (Default: 5).
• Band Width: Center line & bands calculation period (Default: 34).
• Divergence Range: Lookback period for divergence detection (Default: 5).
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How to Use
1. Add the script to your trading chart.
2. Customize the settings to match your trading approach.
3. Watch for divergence labels to identify potential market moves:
o 🟢 Bullish Divergence: Possible upward reversal.
o 🟢 Hidden Bullish Divergence: Continuation of an uptrend.
o 🔴 Bearish Divergence: Possible downward reversal.
o 🟠 Hidden Bearish Divergence: Continuation of a downtrend.
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Why Use This Indicator?
✅ Enhanced RSI Analysis: Normalization simplifies overbought/oversold conditions.
✅ Crystal-Clear Divergence Signals: Instantly spot key trend shifts.
✅ Fully Customizable: Adjust settings for your specific strategy.
✅ Improve Trade Accuracy: Gain an edge with precise divergence detection.
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⚠️ Disclaimer
This script is for educational and informational purposes only. It does not constitute financial advice. Always conduct thorough research and backtesting before using it in live trading.
📜 License
This script is released under the Mozilla Public License 2.0.
Enjoy the Normalized RSI with Divergences indicator, and happy trading! 🚀📈
— Kerem Ertem
Peak Reaction Zones [BigBeluga]Peak Reaction Zones is an advanced Smart Money Concept (SMC) indicator that identifies the most recent swing high and swing low zones, helping traders determine premium and discount areas for optimal trade positioning.
🔵 Key Features:
Swing High & Low Zones:
Automatically detects the latest swing high and swing low levels.
Helps traders identify key reaction points where price is likely to respond.
Premium & Discount Concept:
The high zone represents a premium area, where price is overextended and may reverse.
The low zone represents a discount area, where price is undervalued and may bounce.
The midline dynamically marks the equilibrium of the range.
Adjustable Zone Width:
Users can fine-tune the width of the zones to match their trading style.
Wider zones capture broader reaction ranges, while narrower zones focus on precise levels.
Zone Retest Signals:
Blue markers appear when price retests the lower reaction zone, signaling potential support.
Orange markers appear when price retests the upper reaction zone, indicating possible resistance.
Price Labels for Key Levels:
Displays the price value of the swing high, swing low, and midline for quick reference.
Helps traders recognize major reaction points at a glance.
🔵 Usage:
Smart Money Trading: Utilize the premium and discount concept to align trades with institutional order flow.
Zone Reactions: Watch for price tests of reaction zones and use the retest signals to confirm potential reversals.
Midline Confirmation: If price holds above or below the midline, it can indicate directional bias.
Scalping & Swing Trading: Short-term traders can look for zone rejections, while swing traders can use the levels for trend continuation setups.
Peak Reaction Zones is a must-have tool for traders looking to trade with Smart Money Concepts, allowing for precise entries and exits based on key liquidity areas and market structure.
Pivot Points DWMWhat Is a Pivot Point?
A pivot point is a price level calculated from previous prices. It's used to indicate potential areas of support or resistance that offer attractive reward-to-risk setups for trades. The pivot point itself is simply the average of the intraday high and low and the closing price from the previous trading day. Trading above the pivot point on the subsequent day is thought to indicate ongoing bullish sentiment. Trading below the pivot point indicates bearish sentiment.
Non-Repainting
Candlestick Pattern Detector - Vijay PrasadOverview:
This Pine Script v6 indicator is designed to detect and label key candlestick patterns on TradingView charts. It provides real-time visual markers for major bullish and bearish reversal signals, aiding traders in decision-making.
Usefulness:
✅ Saves time by automating candlestick pattern detection.
✅ Reduces manual chart analysis errors.
✅ Works across all markets & timeframes.
✅ Enhances trading strategies with accurate signals.
Candlestick Patterns Recognises:
Bullish Engulfing – A strong bullish reversal pattern.
Bearish Engulfing – Indicates a potential downtrend.
Hammer – Suggests a market bottom or reversal.
Shooting Star – A bearish reversal signal at the top of an uptrend.
Doji – Signals market indecision and possible trend change.
Key Functions:
Automated Pattern Visible
Identifies candlestick patterns dynamically and plots them on the chart.
Visual Labels for Patterns
Labels to indicate specific candlestick formations.
Labels appear only when a valid pattern is detected, avoiding unnecessary clutter.
Buy/Sell Signal
Plots buy signals at bullish patterns and sell signals at bearish patterns.
Helps traders recognize trend reversals and entry/exit points.
Bullish Engulfing Pattern (Green Label)
What it means: A bullish engulfing pattern typically signals a potential reversal from a downtrend to an uptrend. The current candle fully engulfs the previous candle, signaling strong buying interest.
Identifying Candlestick Patterns on the Chart
How to use it:
Entry: Look for a green label (bullish engulfing) at the bottom of the chart. When it appears, consider entering a long position (buy).
Confirmation: To increase reliability, wait for confirmation by observing if price moves above the high of the bullish engulfing candle.
Exit: Exit when the trend shows signs of reversing or take profit at predefined levels (e.g., resistance or a risk-to-reward ratio).
Bearish Engulfing Pattern (Red Label)
What it means: A bearish engulfing pattern is a signal of a potential reversal from an uptrend to a downtrend. The current candle fully engulfs the previous candle, signaling strong selling pressure.
How to use it:
Entry: Look for a red label (bearish engulfing) at the top of the chart. When it appears, consider entering a short position (sell).
Confirmation: Wait for the price to move below the low of the bearish engulfing candle to confirm the bearish trend.
Exit: Close the trade when the price reaches support levels or the trend shows signs of reversing.
Doji Pattern (Blue Circle)
What it means: A Doji candle signals market indecision. It represents a balance between buyers and sellers, often marking a potential reversal or consolidation point.
How to use it:
Entry: If the Doji appears after a strong trend (bullish or bearish), wait for the next candle to break above or below the Doji's high or low. This can signal a continuation or reversal.
Confirmation: You can look for additional indicators like moving averages, RSI, or MACD for confirmation before taking any action.
Exit: Exit when the price shows clear momentum in your entry direction.
Hammer Pattern (Orange Triangle)
What it means: The hammer pattern is a bullish reversal pattern that appears after a downtrend. It suggests that sellers pushed the price down during the session, but buyers managed to push the price back up.
How to use it:
Entry: When a hammer appears, consider entering a long position (buy). The price should move above the hammer's high for confirmation.
Confirmation: Look for strong volume and a follow-up bullish candle to confirm the reversal.
Exit: Set a target based on the next resistance level, or use a trailing stop to lock in profits.
Using Candlestick Patterns with Other Indicators
To increase your chances of success, combine candlestick patterns with other technical indicators.
Here are some ideas:
RSI (Relative Strength Index): Use RSI to check whether the market is overbought or oversold. A bullish engulfing in an oversold market could indicate a stronger buy signal, and a bearish engulfing in an overbought market could indicate a stronger sell signal.
Moving Averages (e.g., 50 EMA, 200 EMA): Confirm trend direction. If the candlestick pattern aligns with the direction of the moving averages, it can give a stronger signal.
MACD (Moving Average Convergence Divergence): Use MACD to confirm momentum and potential trend changes. If a candlestick pattern aligns with a MACD crossover, it strengthens the signal.
Volume: Look for higher-than-average volume when a pattern appears. This can give you additional confirmation that the market is reacting strongly.
Practice and Refine
It's important to practice using the candlestick patterns in a demo account or backtest them to see how they perform under different market conditions. Over time, you can adjust the settings and patterns to fit your trading style and preferences.
