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Enhanced Keltner Trend • ObiQuantEnhanced Keltner Trend Overview: The Keltner Trend is a Technical Indicator inspired by Keltner Channels, a common banded volatility indicator. Constituted of user-defined Upper and Lower channels, which they range away from the Middle Line. This can be a multiple of the daily high/low range, or Average True Range. The Enhanced Keltner Trend is a Trend-Following indicator that offers more control over the Keltner Channels, ATR and the smoothing MA's to help investors and traders navigate the market with more accuracy. Notes: If you don't want to use the ATR, the indicator will use a high-low calculation over a user-defined period for a smoothed signals. Credits to www.tradingview.com for the script, it’s an improved version of his. Thank you!
Pine Script™ indicator
by ob9a
Forex Heatmap█   OVERVIEW This indicator creates a dynamic grid display of currency pair cross rates (exchange rates) and percentage changes, emulating the Cross Rates and Heat Map widgets available on our Forex page. It provides a view of realtime exchange rates for all possible pairs derived from a user-specified list of currencies, allowing users to monitor the relative performance of several currencies directly on a TradingView chart. █   CONCEPTS Foreign exchange The Foreign Exchange (Forex/FX) market is the largest, most liquid financial market globally, with an average daily trading volume of over 5 trillion USD. Open 24 hours a day, five days a week, it operates through a decentralized network of financial hubs in various major cities worldwide. In this market, participants trade currencies in pairs , where the listed price of a currency pair represents the exchange rate from a given base currency to a specific quote currency . For example, the "EURUSD" pair's price represents the amount of USD (quote currency) that equals one unit of EUR (base currency). Globally, the most traded currencies include the U.S. dollar (USD), Euro (EUR), Japanese yen (JPY), British pound (GBP), and Australian dollar (AUD), with USD involved in over 87% of all trades. Understanding the Forex market is essential for traders and investors, even those who do not trade currency pairs directly, because exchange rates profoundly affect global markets. For instance, fluctuations in the value of USD can impact the demand for U.S. exports or the earnings of companies that handle multinational transactions, either of which can affect the prices of stocks, indices, and commodities. Additionally, since many factors influence exchange rates, including economic policies and interest rate changes, analyzing the exchange rates across currencies can provide insight into global economic health. █   FEATURES Requesting a list of currencies This indicator requests data for every valid currency pair combination from the list of currencies defined by the "Currency list" input in the "Settings/Inputs" tab. The list can contain up to six unique currency codes separated by commas, resulting in a maximum of 30 requested currency pairs. For example, if the specified "Currency list" input is "CAD, USD, EUR", the indicator requests and displays relevant data for six currency pair combinations: "CADUSD", "USDCAD", "CADEUR", "EURCAD", "USDEUR", "EURUSD". See the "Grid display" section below to understand how the script organizes the requested information. Each item in the comma-separated list must represent a valid currency code. If the "Currency list" input contains an invalid currency code, the corresponding cells for that currency in the "Cross rates" or "Heat map" grid show "NaN" values. If the list contains empty items, e.g., "CAD, ,EUR, ", the indicator ignores them in its data requests and calculations. NOTE: Some uncommon currency pair combinations might not have data feeds available. If no available symbols provide the exchange rates between two specified currencies, the corresponding table cells show "NaN" results. Realtime data The indicator retrieves realtime market prices, daily price changes, and minimum tick sizes for all the currency pairs derived from the "Currency list" input. It updates the retrieved information shown in its grid display after new ticks become available to reflect the latest known values. NOTE: Pine scripts execute on realtime bars only when new ticks are available in the chart's data feed. If no new updates are available from the chart's realtime feed, it may cause a delay in the data the indicator receives. Grid display This indicator displays the requested data for each currency pair in a table with cells organized as a grid. Each row name corresponds to a pair's base currency , and each column name corresponds to a quote currency . The cell at the intersection of a specific row and column shows the value requested from the corresponding currency pair. For example, the cell at the intersection of a "EUR" row and "USD" column shows the data retrieved for the "EURUSD" currency pair, and the cell at the "USD" row and "EUR" column shows data for the inverse pair ("USDEUR"). Note that the main diagonal cells in the table, where rows and columns with the same names intersect, are blank. The exchange rate from one currency to itself is always 1, and no Forex symbols such as "EUREUR" exist. The dropdown input at the top of the "Settings/Inputs" tab determines the type of information displayed in the table. Two options are available: "Cross rates" and "Heat map" . Both modes color their cells for light and dark themes separately based on the inputs in the "Colors" section. Cross rates When a user selects the "Cross rates" display mode, the table's cells show the latest available exchange rate for each currency pair, emulating the behavior of the Cross Rates widget. Each cell's value represents the amount of the quote currency (column name) that equals one unit of the base currency (row name). This display allows users to compare cross rates across currency pairs, and their inverses. The background color of each cell changes based on the most recent update to the exchange rate, allowing users to monitor the direction of short-term fluctuations as they occur. By default, the background turns green (positive cell color) when the cross rate increases from the last recorded update and red (negative cell color) when the rate decreases. The background color disappears after no new updates are available for 200 milliseconds. Heat map When a user selects the "Heat map" display mode, the table's cells show the latest daily percentage change of each currency pair, emulating the behavior of the Heat Map widget. In this mode, the background color of each cell depends on the corresponding currency pair's daily performance. Heat maps typically use colors that vary in intensity based on the calculated values. This indicator uses the following color coding by default:  • Green (Positive cell color): Percentage change > +0.1%  • No color: Percentage change between 0.0% and +0.1%  • Bright red (Negative cell color): Percentage change < -0.1%  • Lighter/darker red (Minor negative cell color): Percentage change between 0.0% and -0.1% █   FOR Pine Script™ CODERS • This script utilizes dynamic requests to iteratively fetch information from multiple contexts using a single request.security() instance in the code. Previously, `request.*()` functions were not allowed within the local scopes of loops or conditional structures, and most `request.*()` function parameters, excluding `expression`, required arguments of a simple or weaker qualified type. The new `dynamic_requests` parameter in script declaration statements enables more flexibility in how scripts can use `request.*()` calls. When its value is `true`, all `request.*()` functions can accept series arguments for the parameters that define their requested contexts, and `request.*()` functions can execute within local scopes. See the Dynamic requests section of the Pine Script™ User Manual to learn more. • Scripts can execute up to 40 unique `request.*()` function calls. A `request.*()` call is unique only if the script does not already call the same function with the same arguments. See this section of the User Manual's Limitations page for more information. • Typically, when requesting higher-timeframe data with request.security() using barmerge.lookahead_on as the `lookahead` argument, the `expression` argument should use the history-referencing operator to offset the series, preventing lookahead bias on historical bars. However, the request.security() call in this script uses barmerge.lookahead_on without offsetting the `expression` because the script only displays results for the latest historical bar and all realtime bars, where there is no future information to leak into the past. Instead, using this call on those bars ensures each request fetches the most recent data available from each context. • The request.security() instance in this script includes a `calc_bars_count` argument to specify that each request retrieves only a minimal number of bars from the end of each symbol's historical data feed. The script does not need to request all the historical data for each symbol because it only shows results on the last chart bar that do not depend on the entire time series. In this case, reducing the retrieved bars in each request helps minimize resource usage without impacting the calculated results. Look first. Then leap.
Pine Script™ indicator
by TradingView
ORB with ATR Trailing SL [Bluechip Algos]This is a simple ORB (Opening Range Breakout) Indicator that not only signals breakout directions based on the opening session range but also includes trailing stop levels to manage ongoing trades. Instead of regular fixed Stop loss, we use ATR indicator (ATR based SL) to trail the stop loss that might help in maximizing the profitable trades. This helps especially during the trending days where market moves unidirectionally. About the Indicator Opening Range Identification: The indicator defines an initial session timeframe and captures the highest and lowest prices during this period. Breakout Signals: It signals potential entry points when the price crosses these range boundaries. Trailing Stop Calculation: Customizable trailing stop-loss based on ATR percentage, helping users lock in profits. Features Session Customization: User-defined session for setting the opening range. Entry Signal Customization: Allows configuration for breakouts on either a closing basis or upon touching the level. Automatic Stop-Loss Adjustments: Dynamic trailing stop levels that adapt to both long and short entries. Visual Display: Highlights breakout levels and plots lines representing stop-loss levels. Understanding the Indicator Range Calculation: After defining the session, the high and low of the session are locked. The high serves as the upper breakout boundary, and the low as the lower boundary. Signals (Buy and Sell): The indicator uses crossover conditions: Buy Signal ("B") when price crosses above the ORB high. Sell Signal ("S") when price crosses below the ORB low. Trail Stop Calculation: When a signal is triggered, a trailing stop level is set and updates as the trade progresses: Long positions have a stop-loss based on a percentage below the last closing price. Short positions have a stop-loss based on a percentage above the last closing price. Input Parameters Session Time (ORB Session Time): Start and end times for setting the ORB range. Signal Configuration: Choice between "CLOSE" (signal on close) or "TOUCH" (signal as soon as level is touched). ATR Percentage: Sets the percentage for the trailing stop calculation.
Pine Script™ indicator
by BlueChip_Algos
voss 1 of 1 Price Action Volumetric Order Blocks [voss]Indicator Name: Order Block Finder Description: This TradingView indicator automatically detects and highlights Order Blocks — key zones where large institutions or professional traders have placed significant buy or sell orders, often resulting in sharp price moves. Order Blocks represent areas of strong demand (bullish order blocks) or supply (bearish order blocks) that price tends to revisit or react to. Features: Bullish Order Blocks: The indicator identifies and marks areas where price experiences a strong reversal or acceleration upward after an institutional buying spree. These are typically seen after a significant price drop followed by a consolidation before a sharp upward movement. The Bullish Order Block is marked with a green box or green shaded area. Bearish Order Blocks: These are zones of institutional selling pressure where price reverses or accelerates downward after a buying climax. The Bearish Order Block is marked with a red box or red shaded area. Zone Validity: The indicator will adjust the order block zones based on recent price action, providing dynamic updates to reflect the validity and relevance of the zone. Older order blocks that no longer hold relevance are faded or removed. Trend Confirmation: The Order Block Finder will also highlight trend direction using a simple moving average (SMA) or other trend indicators, giving users an idea of whether to focus on bullish or bearish order blocks. Alerts: Set custom alerts for when price approaches an identified order block or when a breakout from an order block occurs. This feature helps traders stay informed in real-time about critical market zones. Color-Coded Zones: The indicator will color code the order block zones (green for bullish, red for bearish) and provide adjustable opacity so traders can customize the visibility according to their preference. Automatic Drawing: The indicator automatically draws order block zones on the chart, saving traders the time and effort of manually plotting them. The zones are based on the concept of "last up candle before a down move" for bearish order blocks and "last down candle before an up move" for bullish order blocks. Historical & Real-Time Data: The Order Block Finder works with both real-time and historical data, allowing traders to identify potential entry or exit points not only for the current market conditions but also to review past market reactions. How to Use: Look for price action that approaches the identified order block zones. If price retraces into a bullish order block in an uptrend, it could be an ideal buying opportunity. Conversely, if price retraces into a bearish order block in a downtrend, it could signal a shorting opportunity. Combine with other indicators (e.g., RSI, MACD, or volume analysis) to confirm signals. Best for: Swing traders, day traders, and institutional traders who rely on supply and demand-based strategies. Traders looking to identify key zones for potential reversals or continuation patterns based on institutional order flow.
Pine Script™ indicator
by VincentMonico
Average Bullish & Bearish Percentage ChangeAverage Bullish & Bearish Percentage Change Processes two key aspects of directional market movements relative to price levels. Unlike traditional momentum tools, it separately calculates the average of positive and negative percentage changes in price using user-defined independent counts of actual past bullish and bearish candles. This approach delivers comprehensive and precise view of average percentage changes. FEATURES: Count-Based Averages: Separate averaging of bullish and bearish %𝜟 based on their respective number of occurrences ensures reliable and precise momentum calculations. Customizable Averaging: User-defined number of candle count sets number of past bullish and bearish candles used in independent averaging. Two Methods of Candle Metrics: 1. Net Move: Focuses on the body range of the candle, emphasizing the net directional movement. 2. Full Capacity: Incorporates wicks and gaps to capture full potential of the bar. The indicator classifies Doji candles contextually, ensuring they are appropriately factored into the bullish or bearish metrics to avoid mistakes in calculation: 1. Standard Doji - open equals close. 2. Flat Close Doji - Candles where the close matches the previous close. Timeframe Flexibility: The indicator can be applied across any desired timeframe, allowing for seamless multi-timeframe analysis. HOW TO USE Select Method of Bar Metrics: Net Move: For analyzing markets where price changes are consistent and bars are close to each other. Full Capacity: Incorporates wicks and gaps, providing relevant figures for markets like stocks Set the number of past candles to average: 🟩 Average Past Bullish Candles (Default: 10) 🟥 Average Past Bullish Candles (Default: 10) Why Percentage Change Is Important Standardized Measurement Across Assets: Percentage change normalizes price movements, making it easier to compare different assets with varying price levels. For example, a $1 move in a $10 stock is significant, but the same $1 move in a $1,000 stock is negligible. Highlights Relative Impact: By measuring the price change as a percentage of the close, traders can better understand the relative impact of a move on the asset’s overall value. Volatility Insights: A high percentage change indicates heightened volatility, which can be a signal of potential opportunities or risks, making it more actionable than raw price changes. Percents directly reflect the strength of buying or selling pressure, providing a clearer view of momentum compared to raw price moves, which may not account for the relative size of the move. By focusing on percentage change, this indicator provides a normalized, actionable, and insightful measure of market momentum, which is critical for comparing, analyzing, and acting on price movements across various assets and conditions.
Pine Script™ indicator
by fract
ATR Stop LossThe ATR Stop Loss indicator is designed to assist traders in managing risk by calculating dynamic stop loss levels based on the Average True Range (ATR). By considering market volatility, this tool helps identify optimal stop loss placements for both long and short positions, making it easier for traders to protect their investments and avoid premature exits. Features: Customizable ATR period and multiplier to adapt to different trading strategies and market conditions. Displays stop loss levels directly on the chart for quick decision-making. Works across various timeframes and assets, offering flexible application in diverse trading scenarios. How It Works: The indicator calculates the ATR over a specified period and multiplies it by a user-defined value to plot stop loss levels above or below the current closing price. For long positions, the stop loss level is set below the price, while for short positions, it is set above. These levels help traders set stops that account for current market volatility, reducing the likelihood of getting stopped out by minor fluctuations. Usage: Add the ATR Stop Loss indicator to your chart, customize the ATR period and multiplier as needed, and use the visualized stop loss levels to manage your trades with greater precision and confidence. Disclaimer: The ATR Stop Loss indicator is provided for educational and informational purposes only and should not be construed as financial or investment advice. Trading involves substantial risk and is not suitable for every investor. Users are solely responsible for any trading decisions they make based on the use of this indicator. Past performance is not indicative of future results. Always conduct your own analysis and consult with a qualified financial professional before making any trading decisions. EdgeLab and its creator bear no liability for any financial losses or other damages resulting from the use of this indicator.
Pine Script™ indicator
by EdgeLab
Depth Trend Indicator - RSIDepth Trend Indicator - RSI This indicator is designed to identify trends and gauge pullback strength by combining the power of RSI and moving averages with a depth-weighted calculation. The script was created by me, Nathan Farmer and is based on a multi-step process to determine trend strength and direction, adjusted by a "depth" factor for more accurate signal analysis. How It Works Trend Definition Using RSI: The RSI Moving Average ( rsiMa ) is calculated to assess the current trend, using customizable parameters for the RSI Period and MA Period . Trends are defined as follows: Uptrend : RSI MA > Critical RSI Value Downtrend : RSI MA < Critical RSI Value Pullback Depth Calculation: To measure pullback strength relative to the current trend, the indicator calculates a Depth Percentage . This is defined as the portion of the gap between the moving average and the price covered by a pullback. Depth-Weighted RSI Calculation: The Depth Percentage is then applied as a weighting factor on the RSI Moving Average , giving us a Weighted RSI line that adjusts to the depth of pullbacks. This line is rather noisy, and as such we take a moving average to smooth out some of the noise. Key Parameters RSI Period : The period for RSI calculation. MA Period : The moving average period applied to RSI. Price MA Period : Determines the SMA period for price, used to calculate pullback depth. Smoothing Length : Length of smoothing applied to the weighted RSI, creating a more stable signal. RSI Critical Value : The critical value (level) used in determining whether we're in an uptrend or a downtrend. Depth Critical Value : The critical value (level) used in determining whether or not the depth weighted value confirms the state of a trend. Notes: As always, backtest this indicator and modify the parameters as needed for your specific asset, over your specific timeframe. I chose these defaults as they worked well on the assets I look at, but it is likely you tend to look at a different group of assets over a different timeframe than what I do. Large pullbacks can create large downward spikes in the weighted line. This isn't graphically pleasing, but I have tested it with various methods of normalization and smoothing and found the simple smoothing used in the indicator to be best despite this.
Pine Script™ indicator
by nathanfarmer
FlexiMA - Customizable Moving Averages ProDescrição: O FlexiMA - Customizable Moving Averages Pro é um indicador de médias móveis altamente customizável desenvolvido para traders que buscam flexibilidade e precisão na análise de tendência. Este indicador permite ao usuário ajustar até quatro médias móveis, escolhendo o tipo de média, período, cor, estilo e espessura das linhas de acordo com sua estratégia. Funcionalidades Principais: Seleção do Tipo de Média Móvel: O FlexiMA oferece múltiplas opções de médias móveis para cada uma das quatro linhas disponíveis. Isso inclui tipos de médias clássicas, como Simples (SMA), Exponencial (EMA), e outras avançadas como Welles Wilder. Personalização de Períodos: O usuário pode configurar períodos distintos para cada média móvel, tornando o indicador adaptável tanto para estratégias de curto quanto de longo prazo. Controle Completo do Estilo: O FlexiMA permite ajustar a cor, a espessura e o tipo de linha (contínua, pontilhada, etc.) de cada média móvel, proporcionando uma visualização clara e organizada no gráfico. Ativação/Desativação de Médias: Cada uma das quatro médias móveis pode ser ativada ou desativada de forma independente, permitindo que o trader trabalhe com uma única média, pares, ou todas as quatro, conforme necessário. Como Utilizar: Este indicador é projetado para servir tanto traders iniciantes quanto experientes. Você pode configurá-lo para ajudar a identificar tendências de alta e baixa, pontos de reversão e até sinais de entrada e saída. O FlexiMA permite, por exemplo, definir uma combinação clássica de médias de 50 e 200 períodos para identificar mudanças de tendência de longo prazo, enquanto as médias mais curtas podem ser usadas para sinalizar entradas rápidas. Exemplos de Aplicação: Estratégia de Cruzamento: Defina uma média de curto prazo e uma de longo prazo e acompanhe os pontos de cruzamento para detectar mudanças de tendência. Análise Multi-Temporal: Configure cada média móvel para períodos diferentes e utilize-os para analisar tendências em várias janelas temporais ao mesmo tempo. Confirmação de Volume: Com a opção de incluir a VWMA, é possível obter uma leitura de tendência ponderada pelo volume, útil para confirmar a força das movimentações de preço. Recomendações: Este indicador é recomendado para traders que buscam um maior controle sobre suas análises de tendências e uma experiência de uso personalizada no TradingView. Resumo das Configurações: Tipos de Média: SMA, EMA, WW. Configuração de Período: Definido pelo usuário para cada média. Estilo de Linha: Contínua, pontilhada, entre outros. Cor e Espessura: Totalmente customizáveis.
Pine Script™ indicator
by kbcgustavo
Half Trend Regression [AlgoAlpha]Introducing the Half Trend Regression indicator by AlgoAlpha, a cutting-edge tool designed to provide traders with precise trend detection and reversal signals. This indicator uniquely combines linear regression analysis with ATR-based channel offsets to deliver a dynamic view of market trends. Ideal for traders looking to integrate statistical methods into their analysis to improve trade timing and decision-making. Key Features 🎨 Customizable Appearance : Adjust colors for bullish (green) and bearish (red) trends to match your charting preferences. 🔧 Flexible Parameters : Configure amplitude, channel deviation, and linear regression length to tailor the indicator to different time frames and trading styles. 📈 Dynamic Trend Line : Utilizes linear regression of high, low, and close prices to calculate a trend line that adapts to market movements. 🚀 Trend Direction Signals : Provides clear visual signals for potential trend reversals with plotted arrows on the chart. 📊 Adaptive Channels : Incorporates ATR-based channel offsets to account for market volatility and highlight potential support and resistance zones. 🔔 Alerts : Set up alerts for bullish or bearish trend changes to stay informed of market shifts in real-time. How to Use 🛠 Add the Indicator : Add the Half Trend Regression indicator to your chart from the TradingView library. Access the settings to customize parameters such as amplitude, channel deviation, and linear regression length to suit your trading strategy. 📊 Analyze the Trend : Observe the plotted trend line and the filled areas under it. A green fill indicates a bullish trend, while a red fill indicates a bearish trend. 🔔 Set Alerts : Use the built-in alert conditions to receive notifications when a trend reversal is detected, allowing you to react promptly to market changes. How It Works The Half Trend Regression indicator calculates linear regression lines for the high, low, and close prices over a specified period to determine the general direction of the market. It then computes moving averages and identifies the highest and lowest points within these regression lines to establish a dynamic trend line. The trend direction is determined by comparing the moving averages and previous price levels, updating as new data becomes available. To account for market volatility, the indicator calculates channels above and below the trend line, offset by a multiple of half the Average True Range (ATR). These channels help visualize potential support and resistance zones. The area under the trend line is filled with color corresponding to the current trend direction—green for bullish and red for bearish. When the trend direction changes, the indicator plots arrows on the chart to signal a potential reversal, and alerts can be set up to notify you. By integrating linear regression and ATR-based channels, the indicator provides a comprehensive view of market trends and potential reversal points, aiding traders in making informed decisions. Enhance your trading strategy with the Half Trend Regression indicator by AlgoAlpha and gain a statistical edge in the markets! 🌟📊
Pine Script™ indicator
by AlgoAlpha
2
Multi-Timeframe Supertrend Dashboard - EnhancedOverview The Multi-Timeframe Supertrend Dashboard is a powerful tool designed to give traders a clear view of market trends across multiple timeframes, all from a single dashboard. This indicator leverages the Supertrend method to calculate buy and sell signals based on the direction of price relative to dynamically calculated support and resistance lines. The dashboard is optimized for dark mode and provides easy-to-interpret color-coded signals for each timeframe. How It Works The Supertrend indicator is a trend-following indicator that uses the Average True Range (ATR) to set upper and lower bands around the price, adapting dynamically as volatility changes. When the price is above the Supertrend line, the market is considered in an uptrend, triggering a "BUY" signal. Conversely, when the price falls below the Supertrend line, the market is in a downtrend, triggering a "SELL" signal. This Multi-Timeframe Supertrend Dashboard calculates Supertrend signals for the following timeframes: 1 minute 5 minutes 15 minutes 1 hour Daily Weekly Monthly For each timeframe, the dashboard shows either a "BUY" or "SELL" signal, allowing traders to assess whether trends align across timeframes. A "BUY" signal displays in green, and a "SELL" signal displays in red, giving a quick visual reference of the overall trend direction for each timeframe. Customization Options ATR Period: Defines the period for the Average True Range (ATR) calculation, which determines how responsive the Supertrend lines are to changes in market volatility. Multiplier: Sets the sensitivity of the Supertrend bands to price movements. Higher values make the bands less sensitive, while lower values increase sensitivity, allowing quicker reactions to changes in price. How to Interpret the Dashboard The Multi-Timeframe Supertrend Dashboard allows traders to see at a glance if trends across multiple timeframes are aligned. Here’s how to interpret the signals: BUY (Green): The current timeframe’s price is in an uptrend based on the Supertrend calculation. SELL (Red): The current timeframe’s price is in a downtrend based on the Supertrend calculation. For example: If all timeframes display "BUY," the asset is in a strong uptrend across multiple time horizons, which may indicate a bullish market. If all timeframes display "SELL," the asset is likely in a strong downtrend, signaling a bearish market. Mixed signals across timeframes suggest market consolidation or differing trends across short- and long-term periods. Use Cases Trend Confirmation: Use the dashboard to confirm trends across multiple timeframes before entering or exiting a position. Quick Market Analysis: Get a snapshot of market conditions across timeframes without having to change charts. Multi-Timeframe Alignment: Identify alignment across timeframes, which is often a strong indicator of market momentum in one direction. Dark Mode Optimization The dashboard has been optimized for dark mode, with white text and contrasting background colors to ensure easy readability on darker TradingView themes.
Pine Script™ indicator
by charlescrose
1
Implied Fair Value Gap (IFVG) ICT [TradingFinder] Hidden FVG OTE🔵 Introduction The Implied Fair Value Gap (IFVG) is distinctive due to its unique three-candlestick formation, which differentiates it from conventional Fair Value Gaps. Implied fair value represents an estimated worth of an asset—often a business or its goodwill—based on the price likely to be received in a structured transaction between market participants at a specific point in time. In the ever-evolving world of technical analysis, pinpointing price reversal points and market anomalies can significantly enhance trading strategies and decision-making for traders and investors. Among the advanced concepts gaining traction in this field is the Implied Fair Value Gap (IFVG), introduced by the renowned analyst Inner Circle Trader (ICT). This tool has proven to be an effective method for identifying hidden supply and demand zones in financial markets, offering a unique edge to traders looking for high-probability setups. Unlike traditional gaps that are visible on price charts, IFVG is a hidden gap that doesn’t appear explicitly on the chart and thus requires specialized technical analysis tools for accurate identification. This hidden gap can signal potential price reversals and offers traders insight into high-liquidity areas where price is likely to react. This article will guide you through using the ICT Implied Fair Value Gap Indicator effectively, covering its settings, usage strategies, and key features to help you make informed decisions in the market. 🟣 Bullish Implied FVG 🟣 Bearish Implied FVG 🔵 How to Use The IFVG indicator is designed to assist traders in recognizing hidden support and resistance zones by identifying Bullish and Bearish IFVG patterns. With this tool, traders can make better-informed decisions about suitable entry and exit points for their trades based on these patterns. 🟣 Bullish Implied Fair Value Gap This pattern occurs in an uptrend when a large bullish candlestick forms, with the wicks of the previous and following candles overlapping the body of the central candlestick. This overlap creates a demand zone or a hidden support level, which can act as an ideal entry point for buy trades. Often, when the price returns to this area, it is likely to resume its upward trend, presenting a profitable buying opportunity. 🟣 Bearish Implied Fair Value Gap This pattern is similar but forms in downtrends. Here, a large bearish candlestick appears on the chart, with the wicks of adjacent candles overlapping its body. This overlap defines a supply zone or a hidden resistance level and serves as a signal for potential sell trades. When the price returns to this zone, it often continues its downward trend, providing an optimal point for entering sell trades. The IFVG indicator also includes various filters that traders can use to refine their analysis based on market conditions. These filters, including Very Aggressive, Aggressive, Defensive, and Very Defensive, allow users to customize the IFVG zones' width, offering flexibility according to the trader’s risk tolerance and trading style. 🟣 Example Trading Scenarios Suppose you’re in a strong uptrend and the IFVG indicator identifies a Bullish IFVG zone. In this scenario, you could consider entering a buy trade when the price retraces to this zone, expecting the uptrend to resume. Conversely, in a downtrend, a Bearish IFVG zone can signal a favorable entry point for short trades when the price revisits this area. 🔵 Settings Implied Block Validity Period: This parameter specifies the validity period of each identified block, taking into account the number of bars that have passed since its formation. Proper adjustment of this period helps traders focus only on relevant zones, increasing the accuracy of the analysis. Mitigation Level OB : This option defines the mitigation level for supply and demand blocks (Order Blocks), with settings including Proximal, 50% OB, and Distal. Depending on the selected level, the indicator will focus on closer, mid-range, or farther points for block identification, allowing traders to adjust for the level of precision required. Implied Filter : Activating this filter allows traders to apply conditions based on the width of the IFVG zones. With options like Very Aggressive and Very Defensive, traders can control the width of IFVG zones to suit their risk management strategy—whether they prefer high-risk setups or low-risk setups. Display and Color Settings : This section enables users to customize the appearance of the IFVG zones on their charts. Traders can set different colors for Bullish and Bearish zones, allowing for easier distinction and improved visualization. Alert Settings : One of the standout features of the IFVG indicator is the alert system. By setting up alerts, users can be notified whenever the price approaches a demand or supply zone. Alerts can be customized to trigger Once Per Bar (one alert per bar) or Per Bar Close (alert at the close of each bar), ensuring that traders stay updated on critical price movements without needing to monitor the chart continuously. 🔵 Conclusion The ICT Implied Fair Value Gap (IFVG) indicator is a powerful and sophisticated tool in technical analysis, allowing professional traders to identify hidden supply and demand zones and use them as entry and exit points for buy and sell trades. This indicator’s automatic detection of IFVG zones helps traders uncover hidden trading opportunities that can enhance their analysis. While the IFVG indicator offers numerous advantages, it is important to use it in conjunction with other technical analysis tools and sound risk management practices. IFVG alone does not guarantee profitability in trading; it works best when combined with other indicators such as volume analysis and trend-following indicators for a comprehensive trading strategy.
Pine Script™ indicator
by TFlab
Fibonacci + RSI Trading Strategy with Fibonacci Extensions (M15) This script combines Fibonacci levels and custom RSI thresholds to provide a comprehensive analysis of potential reversal zones under specific market conditions. It is designed to work exclusively on 15-minute (M15) charts, delivering signals based on defined configurations and time-based conditions. ### Key Features: 1. **RSI Indicator with Custom Thresholds**: - The script uses an RSI (Relative Strength Index) with custom thresholds of 75 for overbought and 20 for oversold. - It also includes overbought and oversold confirmations over a 30-minute period (i.e., 2 M15 bars), with RSI values of 70 and 30, respectively, to strengthen signal validity. 2. **Fibonacci Levels and Extensions**: - The script calculates Fibonacci retracement levels (0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, and 100%) based on the last 50 bars. - Fibonacci extensions are also plotted at the 1.618 and 2.618 levels, providing additional zones for continuation or potential reversals. 3. **Buy and Sell Signals**: - A **buy signal** is generated when the RSI is below 20, the RSI remains below 30 for at least 30 minutes, and the price reaches the 61.8% Fibonacci level. - A **sell signal** is generated when the RSI is above 75, the RSI remains above 70 for at least 30 minutes, and the price reaches the 50% Fibonacci level. - These conditions enable a targeted approach to capture potential trend reversals. 4. **Display and Plotting**: - Fibonacci levels are plotted on the chart in different colors to distinguish them, with key levels (50%) in red and entry levels (61.8%) in green. - Extensions are displayed in yellow to indicate potential continuation levels. - Buy and sell signals are marked with "BUY" and "SELL" icons above or below bars when the conditions are met. - The RSI is also shown in a sub-window to track its values relative to thresholds. ### Usage: This script is designed for scalping or swing trading on M15 charts. Users can adjust RSI thresholds to fine-tune the conditions to suit their trading style. The script offers multi-criteria analysis based on key Fibonacci levels and time-based RSI confirmations to support potential entry and exit points.
Pine Script™ indicator
by elkouaynabil2021
[Volatility] [Gain & Loss] - OverviewFX:EURUSD Indicator Overview: Volatility & Gain/Loss - Forex Pair Analysis This indicator, " —Overview" , is designed for users interested in analyzing the volatility and gain/loss metrics of multiple forex pairs. The tool is especially useful for traders aiming to assess currency pair volatility alongside gain and loss percentages over selected periods. It enables a clearer understanding of pair behavior and aids in decision-making. Key Features Customizable Volatility and Gain/Loss Periods : Define your preferred calculation periods and timeframes for both volatility and gain/loss to tailor the indicator to specific trading strategies. Multi-Pair Analysis : This indicator supports up to six forex pairs (default pairs include EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, and USDCAD) and allows you to adjust these pairs as needed. Visual Ranking : Forex pairs are sorted by volatility, displaying the highest pairs at the top for quick reference. Top Gain/Loss Highlighting : The pair with the maximum gain and the pair with the maximum loss are highlighted in the table, making it easy to identify the best and worst performers at a glance. Indicator Settings Volatility Settings : Period : Adjust the number of periods used in the ATR (Average True Range) calculation. A default period of 14 is set. Timeframe : Select a timeframe (e.g., Daily, Weekly) for volatility calculation to match your analysis preference. Gain/Loss Settings : Period : Choose the number of periods for gain/loss calculation. The default is set to 1. Timeframe : Select the timeframe for gain/loss calculation, independent of the volatility timeframe. Symbol Selection : Configure up to six forex pairs. By default, popular forex pairs are pre-loaded but can be customized to include other currency pairs. Output and Visualization Table Display : This indicator displays data in a neatly structured table positioned in the top-right corner of your chart. Columns : Includes columns for the Forex Pair, Volatility Percentage, Gain Percentage, and Loss Percentage. Color Coding : Volatility is displayed in a standard color for clear readability. Gain values are highlighted in green, and Loss values are highlighted in red, allowing for quick visual differentiation. Highlighting : Rows representing the pair with the highest gain and the pair with the most significant loss are especially highlighted for emphasis. How to Use Volatility Analysis : This metric gives insight into the average price range movements for each pair over the specified period and timeframe, helping you evaluate the potential for rapid price changes. Gain/Loss Tracking : Gain or loss percentages show the pair's recent performance, allowing you to observe whether a currency pair is trending positively or negatively over the chosen period. Comparative Pair Ranking : Use the table to identify pairs with the highest volatility and extremes in gain or loss to guide trading decisions based on market conditions. Ideal For Swing Traders and Day Traders looking to understand short-term market fluctuations in currency pairs. Risk Management : Helps traders gauge pairs with higher risk (volatility) and recent performance (gain/loss) for informed position sizing and risk control. This indicator is a comprehensive tool for visualizing and analyzing key forex pairs, making it an essential addition for traders looking to stay updated on volatility trends and recent price changes.
Pine Script™ indicator
by KreshLaDoge
The Ultimate ATR-BBW Market Volatility Indicator"The ATR-BBW Market Volatility Indicator combines the Average True Range (ATR) and Bollinger Bands Width (BBW) to provide a measure of market volatility. This indicator does not indicate bullish or bearish trends, but rather the magnitude of price fluctuations. * Usage: When the indicator moves upward, it suggests increasing market volatility, indicating that prices are moving within a wider range. Conversely, a downward movement implies decreasing volatility, signifying that prices are moving within a narrower range. * Note: This sub-indicator solely reflects market volatility and does not provide buy or sell signals. Investing involves risk. Please conduct thorough research before making any investment decisions. ATR and BBW Explained: * Average True Range (ATR): ATR is a technical analysis indicator used to measure market volatility. It calculates the average of a series of true ranges, where the true range is the greatest of the following: * The current high minus the current low * The absolute value of the current high minus the previous close * The absolute value of the current low minus the previous close * A higher ATR value indicates higher volatility, while a lower value suggests lower volatility. * Bollinger Bands Width (BBW): Bollinger Bands are plotted two standard deviations above and below a simple moving average. BBW measures the distance between the upper and lower bands. A wider BBW indicates higher volatility, as prices are moving further away from the moving average. Conversely, a narrower BBW suggests lower volatility. Combining ATR and BBW: By combining ATR and BBW, the ATR-BBW indicator provides a more comprehensive view of market volatility. ATR captures the overall volatility of the market, while BBW measures the volatility relative to the moving average. Together, they provide a more robust indicator of market conditions and can be used to identify potential trading opportunities. Why ATR and BBW are Effective for Measuring Volatility: * ATR directly measures the actual price movement, regardless of the direction. * BBW shows how much prices are deviating from their average, indicating the strength of the current trend. * Combined: By combining these two measures, the ATR-BBW indicator provides a more comprehensive and accurate assessment of market volatility. In essence, the ATR-BBW indicator helps traders understand the magnitude of price fluctuations, allowing them to make more informed trading decisions.
Pine Script™ indicator
by da_ji_ba
ATR-Based Trend Oscillator with Donchian ChannelsThis script, my Magnum Opus, combines the best elements of trend detection into a powerful ATR-based trend strength oscillator. It has been meticulously engineered to give traders a consistent edge in trend analysis across any asset, including highly volatile markets like crypto and forex. The oscillator normalizes trend strength as a percentage of ATR, smoothing out noise and allowing the oscillator to remain highly responsive while adapting to varying asset volatility. Key Features: ATR-Based Oscillator: Measures trend strength in relation to Average True Range, which enhances accuracy and consistency across different assets. By normalizing to ATR, the oscillator produces stable and reliable values that capture shifts in trend momentum effectively. Dual Moving Averages for Smoothing: This script features two customizable moving averages to help confirm trend direction and strength, making it adaptable for short- and long-term analysis alike. Donchian Channels for Strength Bounds: A Donchian Channel over the smoothed trend strength oscillator visually bounds strength levels, enabling traders to spot breakout points or reversals quickly. Ideal for Multi-Asset Trading: The versatility of this indicator makes it a perfect choice across various asset classes, from stocks to forex and cryptocurrencies, maintaining consistency in signals and reliability. Suggested Pairing: Use this oscillator alongside a directional indicator, such as the Vortex Indicator, to confirm trend direction. This pairing allows traders to understand not only the strength but also the direction of the trend for optimized entry and exit points. Why This Indicator Will Elevate Your Trading: This trend strength oscillator has been refined to provide clarity and edge for any trader. By incorporating ATR-based normalization, it maintains accuracy in volatile and steady markets alike. The Donchian Channels add structure to trend strength, giving clear overbought and oversold signals, while the two moving averages ensure that lag is minimized without sacrificing accuracy. Whether you're scalping or trend-trading, this oscillator will enhance your ability to detect and interpret trend strength, making it an essential tool in any trading arsenal.
Pine Script™ indicator
by Day_Ononuju
SecretSauceByVipzOverview: SecretSauceByVipz is a sophisticated trading indicator designed to help traders identify high-probability buy and sell signals by integrating multiple technical analysis tools. By combining Exponential Moving Averages (EMAs), Average True Range (ATR) buffer zones, Volume Weighted Average Price (VWAP), and Relative Strength Index (RSI) momentum confirmation, this indicator aims to reduce false signals and enhance trading decisions. Key Features: Exponential Moving Averages (EMAs): 200-period EMA (Long EMA): Serves as a long-term trend indicator. 8-period EMA (Fast EMA): Captures short-term price movements. 21-period EMA (Slow EMA): Reflects medium-term price trends. EMA Crossovers: Generates initial buy/sell signals when the fast EMA crosses over or under the slow EMA. ATR-Based Buffer Zones: ATR Calculation: Utilizes a 14-period ATR to measure market volatility. Buffer Zone Multiplier: User-adjustable multiplier (default 1.0) applied to the ATR to create dynamic buffer zones around the 200 EMA. Buffer Zones: Helps filter out false signals by requiring price to move beyond these zones for certain signals. Volume Weighted Average Price (VWAP): VWAP Plotting: Provides an average price weighted by volume, useful for identifying fair value areas and potential support/resistance levels. Signal Confirmation Logic: Confirmation Candle: Requires the next candle after a crossover to close in the signal's direction for added reliability. Early Signals: Triggers when price crosses the 200 EMA and moves beyond the buffer zone, indicating potential early trend changes. Strong Signals: Occur when both the price crosses the fast EMA and the fast EMA crosses the slow EMA simultaneously. RSI Momentum Confirmation: RSI Calculation: Uses a 14-period RSI to gauge market momentum. Momentum Filter: Confirms signals only when RSI aligns with the trend (above 50 for bullish, below 50 for bearish signals). Visual Aids: EMA and VWAP Plots: Overlays the EMAs and VWAP directly on the price chart for easy visualization. Buffer Zone Lines: Plots the upper and lower buffer zones around the 200 EMA. Signal Labels: Buy Signals: Displayed as green "BUY" labels below the bars. Sell Signals: Displayed as red "SELL" labels above the bars. How to Use: Trend Identification: Use the 200 EMA to determine the overall market trend. Price above the 200 EMA suggests a bullish trend; below indicates a bearish trend. Signal Generation: Confirmed Signals: Wait for the confirmation candle after an EMA crossover before considering entry. Early Signals: Consider early entries when price crosses the 200 EMA and moves beyond the buffer zone. Strong Signals: Pay attention to strong signals where both price and EMAs are crossing over, indicating robust trend momentum. Momentum Confirmation: Ensure the RSI aligns with the signal direction: Buy Signals: RSI should be above 50. Sell Signals: RSI should be below 50. Adjusting Sensitivity: Modify the ATR Multiplier and Buffer Multiplier to suit different market conditions and personal trading styles. A higher multiplier may reduce signal frequency but increase reliability. Customization Parameters: ATR Multiplier for Distance Filter (Default: 1.5): Adjusts the sensitivity of the distance filter based on ATR. Buffer Multiplier for 200 EMA (Default: 1.0): Alters the width of the buffer zones around the 200 EMA. Benefits: Reduces False Signals: The combination of confirmation candles and buffer zones helps filter out noise. Enhances Trend Detection: Multiple EMA crossovers provide insights into short-term and medium-term trends. Incorporates Volatility and Momentum: ATR and RSI ensure signals consider market volatility and momentum. Disclaimer: This indicator is a tool to assist in technical analysis and should not be used as the sole basis for trading decisions. Always conduct thorough analysis and consider risk management strategies before executing trades. Past performance is not indicative of future results. Credits: Developed by Vipink1203. Version: Pine Script Version 5
Pine Script™ indicator
by vipink1203
Reversed Choppiness Index with Donchian Channels and SMAIn the chaotic world of trading, where every tick can lead to joy or despair, traders yearn for clarity amid the noise. They crave a mechanism that not only reveals the underlying market trends but also navigates the turbulent waters of volatility with grace. Enter the Reversed Choppiness Index with Donchian Channels and SMA Smoothing—a sophisticated tool crafted for those who refuse to be swayed by the whims of market noise. This innovative script harnesses the power of the Choppiness Index, flipping it on its head to unveil the true direction of price movement. Choppiness, in its traditional form, indicates when the market is stuck in a sideways range, characterized by erratic price movements that can leave traders bewildered. High choppiness often signals confusion in the market, where prices oscillate without a clear trend, leading to potential losses. Conversely, low choppiness suggests a trending market, whether bullish or bearish, where trades can yield consistent profits. By reversing the Choppiness Index, this tool highlights lower choppiness levels as opportunities for selling when the market shows stability and momentum—perfect for traders looking to enter or exit positions with confidence. The Donchian Channels serve as reliable markers, defining the boundaries of price action and helping to paint a clearer picture of market dynamics. Traders should look for breakouts from these channels, which may indicate a significant shift in momentum. When the Reversed Choppiness Index trends lower while price breaks above the upper Donchian Band, it may signal a strong buying opportunity, while a rise in choppiness alongside price dipping below the lower band can indicate a potential selling point. But that's not all—this tool features a dual-layer of smoothing through two distinct Simple Moving Averages (SMAs). The first SMA gently caresses the Reversed Choppiness Index, softening its edges to reveal the underlying trends. The second SMA adds an extra layer of finesse, ensuring traders can spot significant changes with less noise interference. In a landscape filled with fleeting opportunities and unpredictable swings, this script stands as a beacon of stability. It allows traders to focus on what truly matters—seizing profitable moments without getting caught in the crossfire of volatility. By understanding the dynamics of choppiness through this reversed lens, traders can more effectively navigate their strategies, capitalizing on clearer signals while avoiding the pitfalls of market noise. Embrace this tool and transform the way you trade; the market's whispers will no longer drown out your strategies, paving the way for informed decisions and greater success.
Pine Script™ indicator
by Day_Ononuju