Logarithmic Regression Channel-Trend [BigBeluga]
This indicator utilizes logarithmic regression to track price trends and identify overbought and oversold conditions within a trend. It provides traders with a dynamic channel based on logarithmic regression, offering insights into trend strength and potential reversal zones.
🔵Key Features:
Logarithmic Regression Trend Tracking: Uses log regression to model price trends and determine trend direction dynamically.
f_log_regression(src, length) =>
float sumX = 0.0
float sumY = 0.0
float sumXSqr = 0.0
float sumXY = 0.0
for i = 0 to length - 1
val = math.log(src )
per = i + 1.0
sumX += per
sumY += val
sumXSqr += per * per
sumXY += val * per
slope = (length * sumXY - sumX * sumY) / (length * sumXSqr - sumX * sumX)
average = sumY / length
intercept = average - slope * sumX / length + slope
Regression-Based Channel: Plots a log regression channel around the price to highlight overbought and oversold conditions.
Adaptive Trend Colors: The color of the regression trend adjusts dynamically based on price movement.
Trend Shift Signals: Marks trend reversals when the log regression line cross the log regression line 3 bars back.
Dashboard for Key Insights: Displays:
- The regression slope (multiplied by 100 for better scale).
- The direction of the regression channel.
- The trend status of the logarithmic regression band.
🔵Usage:
Trend Identification: Observe the regression slope and channel direction to determine bullish or bearish trends.
Overbought/Oversold Conditions: Use the channel boundaries to spot potential reversal zones when price deviates significantly.
Breakout & Continuation Signals: Price breaking outside the channel may indicate strong trend continuation or exhaustion.
Confirmation with Other Indicators: Combine with volume or momentum indicators to strengthen trend confirmation.
Customizable Display: Users can modify the lookback period, channel width, midline visibility, and color preferences.
Logarithmic Regression Channel-Trend is an essential tool for traders who want a dynamic, regression-based approach to market trends while monitoring potential price extremes.
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Alpha Wave System @DaviddTechAlpha Wave DaviddTech System by DaviddTech is an advanced, meticulously engineered trading indicator adhering strictly to the DaviddTech methodology. Rather than simply combining popular indicators, Alpha Wave strategically integrates specially-selected technical components—each optimized to enhance their combined strengths while neutralizing individual weaknesses, providing traders with clear, consistent, and high-probability trading signals.
Valid Setup:
🎯 Why This Combination Matters:
Quantum Adaptive Moving Average (Baseline):
This advanced adaptive MA provides superior responsiveness to market shifts by dynamically adjusting its sensitivity, clearly indicating the primary market direction and reducing lag compared to standard moving averages.
WavePulse Indicator (CoralChannel-based Confirmation #1):
Precisely detects shifts in momentum and price acceleration, allowing traders to anticipate trend continuation or reversals effectively, significantly enhancing trade accuracy.
Quantum Channel (G-Channel-based Confirmation #2):
Dynamically captures price volatility ranges, offering reliable trend structure validation and clear support/resistance channels, further increasing signal reliability.
Momentum Density (Volatility Filter):
Ensures traders enter only during optimal volatility conditions by quantifying momentum intensity, effectively filtering out low-quality, low-momentum scenarios.
Dynamic ATR-based Trailing Stop (Exit System):
Automatically manages trade exits with optimized ATR-based stop levels, systematically securing profits while effectively managing risk.
These meticulously integrated components reinforce each other's strengths, providing traders with a robust, disciplined, and clearly structured approach aligned with the DaviddTech methodology.
🔥 Latest Update – Enhanced BUY & SELL Signals:
Alpha Wave now clearly displays automated BUY and SELL signals directly on your chart, coupled with a comprehensive dashboard table for immediate signal validation. Signals appear only when all components—including baseline, confirmations, and volatility—are in alignment, significantly improving trade accuracy and confidence.
📌 How Traders Benefit from the New Signals:
BUY Signal: Execute long trades when Quantum Adaptive MA signals bullish, confirmed by bullish WavePulse momentum, bullish Quantum Channel structure, and strong Momentum Density readings.
SELL Signal: Clearly marked for entering short positions under bearish market conditions verified through Quantum Adaptive MA, WavePulse bearish momentum, Quantum Channel confirmation, and sufficient Momentum Density.
Signal Validation: A dedicated dashboard provides immediate visual strength metrics, allowing traders to quickly validate signals before execution, significantly enhancing trading discipline and consistency.
📊 Recommended DaviddTech Trading Plan:
Baseline: Determine overall market direction using Quantum Adaptive MA. Only trade in the indicated baseline direction.
Confirmations: Validate potential entries with WavePulse and Quantum Channel alignment.
Volatility Filter: Confirm sufficient market volatility with Momentum Density before entry.
Trailing Stop Loss: Manage risk and secure profits using the dynamic ATR-based trailing stop system.
Entries & Exits: Only execute trades when signals and dashboard components unanimously align.
🖼️ Visual Examples:
Alpha Wave by DaviddTech clearly demonstrates how an intelligently integrated system provides significantly superior trading insights compared to standalone indicators, ensuring precise, disciplined, and profitable market entries and exits across all trading environments.
Best MA Pair Finder (Crossover Strategy)This indicator automatically identifies the optimal pair of moving averages (MAs) for a crossover strategy using all available historical data. It offers several MA options—including SMA, EMA, and TEMA—allowing users to select the desired type in the settings. The indicator supports two strategy modes: “Long Only” and “Buy & Sell”, which can be chosen via the options.
For each MA pair combination, the indicator performs a backtest and calculates the profit factor, considering only those pairs where the total number of trades meets or exceeds the user-defined "Minimum Trades" threshold. This parameter ensures that the selected optimal pair is based on a statistically meaningful sample rather than on a limited number of trades.
The results provided by this indicator are based on historical data and backtests, which may not guarantee future performance. Users should conduct their own analysis and use proper risk management before making trading decisions.
Pipsttocra Technical Patterns: EV HV FVG & OBPipstocrat Technical Patterns , identifies and visualizes key technical analysis patterns and structures on a TradingView chart. Here's a simple breakdown of what it does:
Fair Value Gaps (FVG):
Detects and highlights bullish and bearish Fair Value Gaps as colored boxes.
Adds centerline markers to indicate potential price levels.
Order Blocks (OB):
Identifies bullish and bearish order blocks (areas of significant buying or selling).
Displays them as colored rectangles extending to the right of the chart.
Candlestick Patterns:
Detects Engulfing Patterns (bullish and bearish) with volume confirmation.
Highlights Hammer and Inverted Hammer patterns with customizable shapes and colors.
Customization Options:
Allows users to adjust colors, sizes, and styles for all patterns and structures.
Provides options to show/hide specific patterns like FVGs, engulfing candles, hammers, etc.
Alerts:
Generates alerts for detected patterns, such as FVGs, order blocks, engulfing candles, and confluence zones (combination of FVGs and order blocks).
Management Features:
Automatically removes older or "filled" patterns (optional).
Tracks and updates patterns dynamically as new bars form.
Purpose:
This tool helps traders spot high-probability trading opportunities by identifying key market structures (like FVGs and order blocks) and candlestick patterns. It combines multiple technical analysis concepts into one comprehensive indicator for better decision-making.
UT Bot with EMA 9UT Bot with EMA 9 Indicator
The UT Bot with EMA 9 is an advanced trend-following indicator that combines the UT Bot with an Exponential Moving Average (EMA 9) to generate reliable buy and sell signals. This powerful tool helps traders identify optimal entry and exit points, while also using the ATR (Average True Range) to calculate dynamic trailing stops.
Key Features:
UT Bot Trailing Stop: The indicator plots a dynamic trailing stop based on the ATR, adjusting itself to the market conditions and helping to lock profits while minimizing losses.
EMA 9: The Exponential Moving Average (EMA 9) is used to smooth out price action, providing a trend-following strategy that highlights short-term momentum shifts.
Buy Signals: A buy signal is generated when the EMA 9 crosses above the ATR trailing stop, with a condition that the current closing price is greater than the previous close, confirming upward momentum.
Sell Signals: A sell signal occurs when the EMA 9 crosses below the ATR trailing stop, with a condition that the current closing price is lower than the previous close, confirming downward momentum.
Bar Colors: The bar colors change dynamically based on whether the price is above or below the trailing stop, helping to visually represent bullish or bearish trends.
This indicator is perfect for traders who want a comprehensive tool for trend confirmation and price action analysis, using both the UT Bot's ATR trailing stop and EMA 9 to guide decisions with precision.
RSI with Trend LinesThe RSI with Trend Lines indicator is a tool designed to analyze the behavior of the Relative Strength Index (RSI) combined with dynamic trend lines. This indicator not only provides the standard RSI reading but also identifies pivot points on the RSI and draws bullish and bearish trend lines based on these points. It also includes customizable options for adjusting trend lines, displaying the RSI moving average, and highlighting key levels such as overbought, oversold, and the center line.
This indicator is ideal for finding and identifying clear trends in the RSI and taking advantage of market breakout or consolidation signals. It also includes a table with the POC value, which represents the price level at which the most trading activity has occurred, indicating the highest liquidity and highest trading volume.
Key Features:
1. Basic RSI:
• Calculates the RSI using a configurable period length (default 14).
• Colors the RSI based on its direction (green for rising, red for falling) and its position relative to the center line (50).
2. Key Levels:
• Displays overbought (70 and 80), oversold (20 and 30), and the center line (50) levels for easy visual interpretation.
3. RSI Moving Average:
• Enables and configures an RSI moving average (SMA, EMA, WMA, or ALMA) to smooth out fluctuations and detect clearer trends.
4. Dynamic Trend Lines:
• Identifies pivot points on the RSI and draws bullish and bearish trend lines.
• Trend lines can be extended into the future or limited to the visible range.
• Includes options to display broken lines (trends that are no longer valid) and customize the style (solid or dashed).
5. Pivot Points:
• Displays the high and low pivot points on the chart for a better understanding of trend changes.
6. Advanced Customization:
• Adjust the pivot point period.
• Control the number of pivot points to consider for trend lines.
• Customize the line thickness and style.
How to Use the Indicator:
1. RSI Interpretation:
• Overbought Zone (RSI > 70): Indicates that the asset may be overvalued and could correct downward.
• Oversold Zone (RSI < 30): Suggests that the asset may be undervalued and could rebound.
• Centerline Crossover (50): A cross above 50 indicates bullish strength, while a cross below suggests weakness.
2. Trend Lines:
• Bullish Lines: Drawn when the RSI forms ascending low pivot points. These lines represent dynamic support.
• Bearish Lines: These are drawn when the RSI forms descending high pivot points. These lines represent dynamic resistance.
• Broken Lines: When a trend line becomes invalid (the RSI breaks the line), they are displayed in a dotted style to highlight the breakout.
3. Possible Trading Signals:
• Buy: When the RSI breaks an upward downtrend line.
• Sell: When the RSI breaks a downward uptrend line.
• Trend Confirmation: When the RSI stays within a valid trend line, it suggests that the current trend is strong.
4. A chart with the POC value:
• The point of control is a price level at which the highest trading volume occurs in a given time period. It is a key component of the Volume Profile indicator, which displays volume by price.
• Use of the POC in trading:
• The POC is used to identify areas of high interest and liquidity for trading.
• The POC provides information about the equilibrium point where buyers and sellers are most evenly matched.
• Therefore, it can be considered a zone of interest, meaning it can act as support or resistance.
Relative Volume at TimeThe Relative Volume at Time indicator (RVOL) is a simple modification of the original Relative Volume at Time script available in TradingView’s public library. It doesn’t change how the indicator works but includes two small adjustments:
Added Color Options – The ability to customize the colors of the volume bars, which was important to me as I use this indicator all the time and wanted more visually suitable colors.
Renamed Short Title – The abbreviation "RVOL" replaces "RelVol", as it's a more commonly used term in trading.
Aside from these small tweaks, the indicator retains all of its original functionality, including the ability to set an anchor timeframe, choose between Regular and Cumulative volume calculation modes, and adjust unconfirmed volume for incomplete bars.
This version exists simply because I needed a more personalized display for an indicator that I rely on daily.
How It Works
The Relative Volume at Time indicator compares the current volume to the average volume at the same time in previous sessions. This helps determine if today’s activity is higher or lower than usual.
Examples
On a daily chart (1D timeframe, length = 10), each volume bar compares today's volume to the average volume at the same time over the last 10 days. If today’s volume is higher than usual at this moment, the bar will reflect that.
On an hourly chart (1H timeframe, length = 5), each hourly volume bar compares the current hour’s volume to the same hour in the past 5 days. If the 10 AM bar is high, it means today's 10 AM volume is greater than the average of the past 5 sessions at 10 AM.
On a weekly chart (1W timeframe, length = 8), the indicator compares this week’s volume to the average of the last 8 weeks. A higher bar means this week is seeing significantly more volume than usual.
This logic applies to any timeframe. It always compares the current volume to past volumes at the same point in time.
@Julien_Eche
RSI & MACD Exit IndicatorThis indicator is designed to assist traders in identifying potential exit points for long and short trades by combining the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD).
Unlike traditional indicators that provide entry signals, this script is specifically optimized for exit strategies, helping traders manage their positions efficiently.
How It Works
The script identifies potential exit points based on the following conditions:
🔴 Exit Long:
- RSI crosses above the user-defined overbought threshold (default: 65).
- MACD crosses below the signal line (bearish crossover).
🟢 Exit Short:
- RSI crosses below the user-defined oversold threshold (default: 35).
- MACD crosses above the signal line (bullish crossover).
When these conditions align, a label appears on the price chart indicating an exit point.
Key Features
- Customizable RSI & MACD Settings – Adjust lengths and thresholds to suit your strategy.
- ATR-Based Adjustments – The script incorporates an ATR multiplier for dynamic signal adjustments based on market volatility.
- Clear Visual Labels – Exit points are clearly marked on price candles.
- Color-Coded Background – Highlights buy/sell zones for quick identification.
- Alerts for Exit Signals – Receive notifications when exit conditions are met.
- Clean Chart Design – The MACD plots are placed below the main chart to avoid clutter.
How to Use
⚠ This indicator is for exits only and does not generate buy/sell entry signals.
For long trades: When an Exit Long signal appears, traders may consider closing or reducing their long positions.
For short trades: When an Exit Short signal appears, traders may consider closing or reducing their short positions.
ATR Settings: Users can adjust the ATR multiplier to fine-tune the signal frequency based on market conditions.
Important Notes
- This indicator does not guarantee future performance—it should be used alongside other analysis methods.
- No financial advice – Always use proper risk management.
- TradingView users who do not read Pine Script can still fully utilize this script thanks to the detailed signal labels and alerts.
💡 Developed with advice from @CoffeeshopCrypto based on user feedback.
Quarterly Theory ICT 03 [TradingFinder] Precision Swing Points🔵 Introduction
Precision Swing Point (PSP) is a divergence pattern in the closing of candles between two correlated assets, which can indicate a potential trend reversal. This structure appears at market turning points and highlights discrepancies between the price behavior of two related assets.
PSP typically forms in key timeframes such as 5-minute, 15-minute, and 90-minute charts, and is often used in combination with Smart Money Concepts (SMT) to confirm trade entries.
PSP is categorized into Bearish PSP and Bullish PSP :
Bearish PSP : Occurs when an asset breaks its previous high, and its middle candle closes bullish, while the correlated asset closes bearish at the same level. This divergence signals weakness in the uptrend and a potential price reversal downward.
Bullish PSP : Occurs when an asset breaks its previous low, and its middle candle closes bearish, while the correlated asset closes bullish at the same level. This suggests weakness in the downtrend and a potential price increase.
🟣 Trading Strategies Using Precision Swing Point (PSP)
PSP can be integrated into various trading strategies to improve entry accuracy and filter out false signals. One common method is combining PSP with SMT (divergence between correlated assets), where traders identify divergence and enter a trade only after PSP confirms the move.
Additionally, PSP can act as a liquidity gap, meaning that price tends to react to the wick of the PSP candle, making it a favorable entry point with a tight stop-loss and high risk-to-reward ratio. Furthermore, PSP combined with Order Blocks and Fair Value Gaps in higher timeframes allows traders to identify stronger reversal zones.
In lower timeframes, such as 5-minute or 15-minute charts, PSP can serve as a confirmation for more precise entries in the direction of the higher timeframe trend. This is particularly useful in scalping and intraday trading, helping traders execute smarter entries while minimizing unnecessary stop-outs.
🔵 How to Use
PSP is a trading pattern based on divergence in candle closures between two correlated assets. This divergence signals a difference in trend strength and can be used to identify precise market turning points. PSP is divided into Bullish PSP and Bearish PSP, each applicable for long and short trades.
🟣 Bullish PSP
A Bullish PSP forms when, at a market turning point, the middle candle of one asset closes bearish while the correlated asset closes bullish. This discrepancy indicates weakness in the downtrend and a potential price reversal upward.
Traders can use this as a signal for long (buy) trades. The best approach is to wait for price to return to the wick of the PSP candle, as this area typically acts as a liquidity level.
f PSP forms within an Order Block or Fair Value Gap in a higher timeframe, its reliability increases, allowing for entries with tight stop-loss and optimal risk-to-reward ratios.
🟣 Bearish PSP
A Bearish PSP forms when, at a market turning point, the middle candle of one asset closes bullish while the correlated asset closes bearish. This indicates weakness in the uptrend and a potential price decline.
Traders use this pattern to enter short (sell) trades. The best entry occurs when price retests the wick of the PSP candle, as this level often acts as a resistance zone, pushing price lower.
If PSP aligns with a significant liquidity area or Order Block in a higher timeframe, traders can enter with greater confidence and place their stop-loss just above the PSP wick.
Overall, PSP is a highly effective tool for filtering false signals and improving trade entry precision. Combining PSP with SMT, Order Blocks, and Fair Value Gaps across multiple timeframes allows traders to execute higher-accuracy trades with lower risk.
🔵 Settings
Mode :
2 Symbol : Identifies PSP and PCP between two correlated assets.
3 Symbol : Compares three assets to detect more complex divergences and stronger confirmation signals.
Second Symbol : The second asset used in PSP and correlation calculations.
Third Symbol : Used in three-symbol mode for deeper PSP and PCP analysis.
Filter Precision X Point : Enables or disables filtering for more precise PSP and PCP detection. This filter only identifies PSP and PCP when the base asset's candle qualifies as a Pin Bar.
Trend Effect : By changing the Trend Effect status to "Off," all Pin bars, whether bullish or bearish, are displayed regardless of the current market trend. If the status remains "On," only Pin bars in the direction of the main market trend are shown.
Bullish Pin Bar Setting : Using the "Ratio Lower Shadow to Body" and "Ratio Lower Shadow to Higher Shadow" settings, you can customize your bullish Pin bar candles. Larger numbers impose stricter conditions for identifying bullish Pin bars.
Bearish Pin Bar Setting : Using the "Ratio Higher Shadow to Body" and "Ratio Higher Shadow to Lower Shadow" settings, you can customize your bearish Pin bar candles. Larger numbers impose stricter conditions for identifying bearish Pin bars.
🔵 Conclusion
Precision Swing Point (PSP) is a powerful analytical tool in Smart Money trading strategies, helping traders identify precise market turning points by detecting divergences in candle closures between correlated assets. PSP is classified into Bullish PSP and Bearish PSP, each playing a crucial role in detecting trend weaknesses and determining optimal entry points for long and short trades.
Using the PSP wick as a key liquidity level, integrating it with SMT, Order Blocks, and Fair Value Gaps, and analyzing higher timeframes are effective techniques to enhance trade entries. Ultimately, PSP serves as a complementary tool for improving entry accuracy and reducing unnecessary stop-outs, making it a valuable addition to Smart Money trading methodologies.
Maestros Trading EMAEsta es la versión personalizada de la EMA200 que utilizamos en Maestros Trading Community.
Nuestra EMA favorita y la única que utilizamos.
Incluye los colores de nuestra marca para ese pequeño toque extra, sin embargo, usted es libre de cambiar a lo que quieras.
This is the EMA200 custom version we use at Maestros Trading Community.
Our favorite EMA and the only one we use.
It includes our brand colors for that little extra touch however you are free to change them to whatever you like.
Bias TableOverview
The Bias Table Indicator is a multi-timeframe analysis tool designed to provide a quick sentiment overview across multiple timeframes. It combines signals from Moving Averages (MAs) and Oscillators to determine market bias, helping traders make more informed decisions.
Key Features
✔ Multi-Timeframe Analysis (MTF) – Displays market bias across up to five timeframes.
✔ Customizable Signals – Choose whether bias is based on Moving Averages (MAs), Oscillators, or a combination of both.
✔ Visual Table Format – The indicator presents the bias as a color-coded table in the bottom-right corner of the chart for quick reference.
✔ Adjustable Colors & Display Settings – Users can customize colors for different sentiment states (Strong Buy, Buy, Neutral, Sell, Strong Sell).
How It Works
Bias Calculation: The indicator evaluates market conditions using preset values (which can be replaced with actual logic) to determine sentiment for each timeframe.
Multi-Timeframe Support: The table can display bias from hourly to monthly timeframes, giving traders a broader view of market conditions.
Customizable Signals: Users can filter the table to show bias based only on MAs, Oscillators, or a combination of both.
Interpreting the Table
📊 Timeframes: The leftmost column shows selected timeframes (e.g., 1H, 4H, 1D, 1W, 1M).
📈 Signal Columns:
MAs – Bias based on Moving Averages.
Oscillators – Bias based on momentum indicators like RSI, Stochastics, etc.
All – A combined bias based on both MAs & Oscillators.
🚦 Color-Coded Ratings:
🔵 Strong Buy – High bullish strength.
🔹 Buy – Moderate bullish sentiment.
⚪ Neutral – No clear trend.
🔸 Sell – Moderate bearish sentiment.
🔴 Strong Sell – High bearish strength.
Best Used For:
📈 Trend Confirmation: Validate signals from your primary strategy.
⏳ Multi-Timeframe Analysis: See whether short-term and long-term trends align.
⚡ Quick Sentiment Check: Get a high-level view of market conditions without analyzing multiple indicators separately.
Customization Options:
Select which timeframes to include in the table.
Choose whether to base bias on MAs, Oscillators, or both.
Adjust colors for each signal type.
Smart MA CrossoverThe Smart MA Crossover indicator is a trend-following tool designed to help traders identify high-probability buy and sell signals based on a dynamic moving average and volume confirmation.
This indicator allows traders to customize the moving average type (SMA, EMA, HMA, WMA, VWMA, SMMA, or VWAP) while incorporating an ATR-based filter for better signal clarity.
How It Works
The script analyzes price movements in relation to a selected moving average and volume conditions to generate trend-based trade signals:
🟢 Buy Signal:
- Price is trading above the moving average for at least two bars.
- A sudden upward momentum is detected (price > open * 1.005).
- Volume is higher than the 50-period SMA of volume.
- The price was trading below the moving average three bars ago.
🔴 Sell Signal:
- Price is trading below the moving average for at least two bars.
- A sudden downward movement is detected (price < open * 0.995).
- Volume is higher than the 50-period SMA of volume.
- The price was trading above the moving average three bars ago.
- When these conditions are met, a label appears on the chart, marking the potential trade signal.
Key Features
- Customizable Moving Averages – Choose between SMA, EMA, HMA, WMA, VWMA, SMMA, or VWAP.
- Dynamic Trend Detection – Moving average color changes based on trend direction.
- Volume Confirmation – Avoid false signals by filtering trades using SMA-based volume analysis.
- ATR-Based Signal Placement – Labels are positioned dynamically based on ATR values to improve visibility.
- Background Trend Highlighting – The background changes color depending on whether price is above (green) or below (red) the moving average.
- Alerts for Buy & Sell Signals – Get real-time notifications when a trade signal is generated.
How to Use
- This indicator is best suited for trend-following strategies and works across different markets, including stocks, forex, and crypto.
- It can be used on multiple timeframes, but traders should combine it with additional analysis to refine trade decisions.
- ATR-based signal placement ensures that buy/sell labels do not clutter the chart.
Important Notes
- This indicator does not predict future price movements—it is a trend-based tool meant to assist with trade decisions.
- No financial advice – Always use risk management when trading.
- TradingView users who do not read Pine Script can still fully utilize this script thanks to clear labels and alerts.
BEING RSI Divergence Buy/Sell Signals//@version=5
indicator("RSI Divergence Buy/Sell Signals", overlay=true)
// RSI Calculation
length = 14
rsiSource = close
rsi = ta.rsi(rsiSource, length)
// Overbought and Oversold Levels
overbought = 70
oversold = 30
// Price and RSI Pivot Points
pivotLeft = 5
pivotRight = 5
priceHighPivot = ta.pivothigh(high, pivotLeft, pivotRight)
priceLowPivot = ta.pivotlow(low, pivotLeft, pivotRight)
rsiHighPivot = ta.pivothigh(rsi, pivotLeft, pivotRight)
rsiLowPivot = ta.pivotlow(rsi, pivotLeft, pivotRight)
// Bearish Divergence (Price Higher High but RSI Lower High)
bearishDivergence = na(priceHighPivot) ? false : priceHighPivot > ta.valuewhen(priceHighPivot, priceHighPivot, 1) and rsiHighPivot < ta.valuewhen(rsiHighPivot, rsiHighPivot, 1) and rsiHighPivot > overbought
// Bullish Divergence (Price Lower Low but RSI Higher Low)
bullishDivergence = na(priceLowPivot) ? false : priceLowPivot < ta.valuewhen(priceLowPivot, priceLowPivot, 1) and rsiLowPivot > ta.valuewhen(rsiLowPivot, rsiLowPivot, 1) and rsiLowPivot < oversold
// Plot Buy/Sell Signals
plotshape(bullishDivergence, location=location.belowbar, color=color.green, style=shape.labelup, title="Buy Signal", size=size.small)
plotshape(bearishDivergence, location=location.abovebar, color=color.red, style=shape.labeldown, title="Sell Signal", size=size.small)
// Background Highlighting for Overbought/Oversold
bgcolor(rsi > overbought ? color.red : rsi < oversold ? color.green : na, transp=90)
// Display RSI on Chart
hline(overbought, "Overbought", color=color.red)
hline(oversold, "Oversold", color=color.green) OWNER; BY SOHAN SOLANKI
SemaforI simply added ADR and Daily Open Line to DevLucem's Semafor script. Thank you, DevLucem for your work on producing this semafor indicator in the first place. It was exactly what I was looking for.
Coffee GPT: Generative Price TargetsSip Across Multiple
Auto/Manual Adjusted (Support &
Resistance Price Targets & Ranges)
Using ChatGPT Based Text Inputs
With Meticulous Labels, Tables, Ideas,
Tooltips, Colors, and Alerts.
Price Targets & Ranges:
(Assumptions, Ideas, and Notes)
Supports, Extreme Supports,
Resistances, Extreme Resistances,
Best Longs/Shorts, and Pivots.
⬛️ KEY WORDS:
📗 Cross Over | 📕 Cross Under
(◼️) Label | (▢) Table | (◻️) Text
(VT) Vertical | (HT) Horizontal
(Dash) Dashed | (Dots) Dotted
(TX) Text | (BG) Background
(TP) Top | (MD) Mid | (BT) Bottom
⏶ Above Averages | ⏷ Below Averages
(EM) Exponential | (RM) Relative
(SM) Simple | (WM) Weighted
(GPT) General Price Target Average
(CPT) Core Price Target Average
(Chart) Current Chart Timeframe
🧪 Up Trend Pivot | 🖍️ Down Trend Pivot
🎲 Neutral/Trend Pivot | 🎳 Trend Addition
⭐️ Extreme Resistance | 🔥 Best Short
🧨 High Resistance | 🛢️ Low Resistance
🔋 High Support | 🔫 Low Support
💎 Best Long | 🔮 Extreme Support
🟥 TYPES:
(✓) Swap Types?
Default Values: (2)
Targets Are Shown Using
Dotted Lines On Label Types
Averages Are Shown Using
Sorted Cells On Table Types
Swap Types To Show All
Targets/Averages On Tables
Increase: (1 Alert) Values To
Show Averages With Labels
🟧 ALERTS:
Default Value: (Bar Close)
Only Alerts Once Conditions
Are Met After Current Bar Closes
(Per Bar) Alerts Once Conditions
Are Met Before Current Bar Closes
Default Value: (Reg)
Only Alerts During Regular Market
Trading Hours, (0930-1600)
(Ext) Only Alerts During Extended
Market Hours, (1600-0930)
(24/7) Alerts All Day
🟨 VALUES:
Default Value: (1)
Swaps High/Low Price Ranges
(1) Based On Previous Day Range
(0) Based On Current Day Range
(0) Min Value | (30) Max Value
Default Value: (VT Dots)
Swaps Table & Line Styles
(VT Dots) Vertical Table
Axis With Dotted Lines
(HT Dash) Horizontal Table
Axis With Dashed Lines
Default Value: (TX Color)
Text Color Is Shown Using
Background Color On Labels
(BG Color) Background Color
Uses Text Color On Labels
Default Value: (MD Right)
Sets Table Position, Using
Middle Center Allows Table
To Move In Any Direction
Default Value: (1)
Uses Table Axis/Position
To Adjust Table Coordinates
(1) Min Value | (200) Max Value
Default Value: (Default)
Fixed Table Order, Swap Values
To Adjust Table Rotation
Default Value: (Tiny)
Sets Level Text Sizes, Tables
Auto Adjust Columns & Rows
Size Based On Levels In Use
🟩 AVERAGES:
Show Averages? (✓)
Default Values: (6)
Averages Use Four Keyword Identifiers
To Generate Technical Moving Averages
(EM | RM | SM | WM) + Length Values
(2) Min Value | (1000) Max Value
Targets Use Averages To Separate General
Periodic Shifts From Pivotal Core Ranges
(GPT 6) Fast Target + 6x Trend Streak
(CPT 60) Slow Target + 60x Trend Streak
6th Default Alert & Plot: (EM8)
Exponential Type + 8 Length
🔴 Lower Resistance
🟢 Higher Support
5th Default Alert & Plot: (MA21)
Exponential Type + 21 Length
🔴 Higher Resistance
🟢 Lower Support
4th Default Alert & Plot: (WM50)
Weighted Type + 50 Length
🟠 Best Short Average
🔵 Best Long Average
3rd Default Alert & Plot: (SM200)
Simple Type + 200 Length
🟡 Extreme Resistance
🟣 Extreme Support
2nd Default Alert & Plot: (GPT)
General Type + Trend Streak
🟥 Moderate Downtrend
🟩 Moderate Uptrend
1st Default Alert & Plot: (CPT)
Core Type + Trend Streak
🟥 Extreme Downtrend
🟩 Extreme Uptrend
🟦 AUTO TARGETS:
Show Auto Targets? (✓)
Default Values: (12)
Auto Targets Use (Daily OHLC Ranges)
To Generate Pivots & Extract Variable
Targets Which Provide Automatic
Support/Resistance Levels
Pivots Swap Between (PVT | UTP | DTP)
Based On Current Daily Price Action
Movement To Distinguish Between
Neutral/Trend Levels
🎲 PVT | Neutral/Trend Pivot
🎳 ADD | Trend Addition
⭐️ XRS | Extreme Resistance
🔮 XSP | Extreme Support
🔥 BST | Best Short Target
💎 BLT | Best Long Target
🧨 RES | Higher/Middle Resistance
🔫 SUP | Middle/Lower Support
🛢️ RES | Lower Resistance
🔋 SUP | Higher Support
🖍️ DTP | Down Trend Pivot
🧪 UTP | Up Trend Pivot
🟪 MANUAL TARGETS:
Show Manual Targets? (✓)
Default Values: (20)
Manual Targets Use Two Keyword
Identifiers To Generate Text Strings,
Separate Float Values, & Integrate
Color Types (Text String | Float Value)
+ (Line Break) Within Text Area Boxes
Targets Use ChatGPT Based Prompts
& Instructions To Convert Any Technical,
Historical, & Price-Derived Levels From
Market Data Sources Into Structured
Formats Organized For Precision
🔮 XSP | 1 🎲 PVT | 11
🔮 XSP | 2 🛢️ RES | 12
💎 BLT | 3 🛢️ RES | 13
💎 BLT | 4 🖍️ DTD | 14
🔫 SUP | 5 🧨 RES | 15
🔫 SUP | 6 🧨 RES | 16
🧪 UTD | 7 🔥 BST | 17
🔋 SUP | 8 🔥 BST | 18
🔋 SUP | 9 ⭐️ XRS | 19
🎲 PVT | 10 ⭐️ XRS | 20
Show ES/NQ/SPY/QQQ/SPX Targets? (✓)
Fixed Symbol Based Targets
Default Values: (20)
🔮 XSP | 21 🎲 PVT | 31
🔮 XSP | 22 🛢️ RES | 32
💎 BLT | 23 🛢️ RES | 33
💎 BLT | 24 🖍️ DTD | 34
🔫 SUP | 25 🧨 RES | 35
🔫 SUP | 26 🧨 RES | 36
🧪 UTD | 27 🔥 BST | 37
🔋 SUP | 28 🔥 BST | 38
🔋 SUP | 29 ⭐️ XRS | 39
🎲 PVT | 30 ⭐️ XRS | 40
⬜️ EXAMPLES:
🔮 LVL | 1.00
Add 1 Single Text/Letter/Number
Followed By " | "
💎 LVL | 2.00
Add 1 Numerical Two Decimal
Value Except 0
🔫 LVL | 3.00
Use A Line Break After Values
To Add Additional Manual Targets
🧪 LVL | 0.00
This Manual Target Will Not
Appear As The Value Is Set To 0
🔋 LVL | 4.00
Only A Maximum Of 20 Targets Are
Able To Be Shown Per Text Area Box
🎲 LVL | 5.00
Using More Than The Max Results In
First 20 Targets Being Shown Only
🛢️ LVL | 6.00
Any Extra Text/Values Within Text
Areas Box Can Be Used For Notes
🖍️ LVL |
This Manual Target Will Not
Appear As The Value Is Undefined
🧨 LVL | 7.00
Colors Are Based Off Default Text
Inputs Used With Auto Targets
🔥 LVL | 8.00
🎳ADD/⭐️XRT/🔥BST/🧨-🛢️RES/🖍️DTP
Match These Emojis + Keywords For Colors
⭐️ LVL | 9.00
🎲PVT/🔮XSP/💎BLT/🔋-🔫SUP/🧪UTP
Match These Emojis + Keywords For Colors
🎳 LVL | 10.00
Hover Over Levels To View Percent Range
Increase/Decrease Between Current Prices
🔮 XSP | 11.00
This Is The First Level That Will Be
Shown Using The Default Input Colors
💎 BLT | 12.00
Clear Default Text Input Boxes To
Temporarily Disable Auto Targets
🔫 SUP | 13.00
While Text Inputs Are Disabled,
Manual Targets Use Temporary Colors
🧪 UTP | 14.00
These Targets Highlight Significant
Values With Color Coded Identifiers
🔋 SUP | 15.00
Using Less Than 20 Manual Targets
Adds A Missing Level Auto Counter
🎳 ADD 1 |
Missing Level Counter Appears As
This With Incremental Text Values
🛢️ RES | 16.00
Disable Missing Level Counter Within
Menu Under Disable Targets Section
🖍️ DTP | 17.00
Manual Targets Are Able To Be Used
On Any And All Types Of Symbol Charts
🧨 RES | 18.00
ES/NQ/SPY/QQQ Targets Are Specifically
Chart Locked For Those Symbols Only
🔥 BST | 19.00
Additional Levels Will Not Be Shown
Until Any Previous Ones Are Removed
⭐️ XRS | 20.00
Remove Any Two Levels To Show Variable
Daily High/Low Targets Without Any Values
🟥 DL! | Low Of Day
Remove "!" To Enable Daily High/Low
Incremental Text Value Ranges
🟩 DH! | High Of Day
Use First Default Value (1) To Swap
Incremental Text Value Ranges
⬛️ REFERENCES:
Chat GPT | Template
Instructions
Identify And Categorize Levels:
Split The Levels Into The Following
Categories:
* Supports
* Uptrend
* Best Longs
* Extreme Supports
* Pivots
* Resistances
* Downtrend
* Best Shorts
* Extreme Resistances
Structure Of Categories:
Each Symbol Should Have The Specified
Number Of Levels:
* Supports: Max 4 Levels
* Uptrend: Always 1 Level
* Best Longs: Max 2 Levels
* Extreme Supports: Max 2 Levels
* Pivots: Max 2 Levels
* Resistances: Max 4 Levels
* Downtrend: Always 1 Level
* Best Shorts: Max 2 Levels
* Extreme Resistances: Max 2 Levels
Ensure Each Category Has The Right Number
Of Levels, Filling With 1 If Needed.
Always Include At Least One Extreme
Level In Supports/Resistances If
Provided. There Will Always Be A Total
Of 20 Levels For Each Symbol.
For Example, If There Are:
7 Levels:
* 1 (Support/Resistance)
* 2 (Support/Resistance)
* 3 (Support/Resistance)
* 4 (Support/Resistance)
* 5 (Extreme)
* 6 (Extreme)
5 Levels:
* 1 (Support/Resistance)
* 2 (Support/Resistance)
* 3 (Support/Resistance)
* 4 (Support/Resistance)
* 5 (Extreme)
4 Levels:
* 1 (Support/Resistance)
* 2 (Support/Resistance)
* 3 (Support/Resistance)
* 4 (Extreme)
3 Levels:
* 1 (Support/Resistance)
* 2 (Support/Resistance)
* 3 (Extreme)
2 Levels:
* 1 (Support/Resistance)
* 2 (Extreme)
Pivots, Best Longs, And Shorts Mainly
Apply To ES But Can Occasionally Be
Used For NQ, SPY, Or QQQ. Uptrend And
Downtrend Serve As Extra Blank Levels
And Should Always Be Set To 1 Unless
Stated Otherwise. If Any Levels Are
Missing Or Incomplete, Default Them To
1 So The Total Always Reaches 20.
Symbols And Formatting:
Supports
🔋 SUP | 1
🔋 SUP | 1
🧪 UTP | 1
🔫 SUP | 1
🔫 SUP | 1
Best Longs
💎 BLT | 1
💎 BLT | 1
Extreme Supports
🔮 XSP | 1
🔮 XSP | 1
Pivots
🎲 PVT | 1
🎲 PVT | 1
Resistances
🛢️ RES | 1
🛢️ RES | 1
🖍️ DTP | 1
🧨 RES | 1
🧨 RES | 1
Best Shorts
🔥 BST | 1
🔥 BST | 1
Extreme Resistances
⭐️ XRS | 1
⭐️ XRS | 1
Notes Section:
* Add An Additional Line Break After Each
Bullet Point (*) In The Notes Section.
* Repeat The Notes For NQ If Notes Are
Provided For ES. Ensure Notes Are
Consistent For Both Symbols Unless
Otherwise Specified.
Example Before:
ES
Supports:
* 5750
* 5740
* 5730
* 5720
* 5710
* 5700
Resistances:
* 5800
* 5815
NQ
Supports:
* 21750
* 21500
* 21250
Resistances:
* 22000
* 22250
* 22500
Assumptions
Pivot:
* 5755
Best Shorts:
* 5799
* 5788
Best Longs:
* 5711
* 5733
Notes:
* JPow On At 10AM EST. Rumor Is Nikkei
Leaks And Fed Leading Into The
September Report For A Cut.
* Let's See How His Tone Is And If He
Gives Hints On The CPI Print.
Example After:
Supports
🔋 SUP | 5750
🔋 SUP | 5740
🧪 UTP | 1
🔫 SUP | 5730
🔫 SUP | 5720
Best Longs
💎 BLT | 5711
💎 BLT | 5733
Extreme Supports
🔮 XSP | 5710
🔮 XSP | 5700
Pivots
🎲 PVT | 5755
🎲 PVT | 1
Resistances
🛢️ RES | 5800
🛢️ RES | 1
🖍️ DTP | 1
🧨 RES | 1
🧨 RES | 1
Best Shorts
🔥 BST | 5799
🔥 BST | 5788
Extreme Resistances
⭐️ XRS | 5815
⭐️ XRS | 1
Notes
* JPow On At 10AM EST. Rumor Is Nikkei
Leaks And Fed Leading Into The
September Report For A Cut.
* Let's See How His Tone Is And If He
Gives Hints On The CPI Print.
Supports
🔋 SUP | 21750
🔋 SUP | 21500
🧪 UTP | 1
🔫 SUP | 1
🔫 SUP | 1
Best Longs
💎 BLT | 1
💎 BLT | 1
Extreme Supports
🔮 XSP | 21250
🔮 XSP | 1
Pivots
🎲 PVT | 1
🎲 PVT | 1
Resistances
🛢️ RES | 22000
🛢️ RES | 22250
🖍️ DTP | 1
🧨 RES | 1
🧨 RES | 1
Best Shorts
🔥 BST | 1
🔥 BST | 1
Extreme Resistances
⭐️ XRS | 22500
⭐️ XRS | 1
Notes
* JPow On At 10AM EST. Rumor Is Nikkei
Leaks And Fed Leading Into The
September Report For A Cut.
* Let's See How His Tone Is And If He
Gives Hints On The CPI Print.
I Will Continue Sending You These Levels/Notes.
Make Sure To Send A Plain Text Code Block Without
Formats. Send A Separate Code Block Per Symbol.
When SPY/QQQ Are Used, Do Not Include The Notes
With Their Levels, Only For ES/NQ.
Coffee CPT | Template
🔋 SUP |
🔋 SUP |
🧪 UPT |
🔫 SUP |
🔫 SUP |
💎 BST |
💎 BST |
🔮 XSP |
🔮 XSP |
🎲 PVT |
🎲 PVT |
🛢️ RES |
🛢️ RES |
🖍️ DTP |
🧨 RES |
🧨 RES |
🔥 BST |
🔥 BST |
⭐️ XRS |
⭐️ XRS |
Economic Calendar | DojiEmoji
Multi EMA | Chipmonk
200 EMA [SEPHIMAN]Description
The 200 EMA (JJ-EMA) is a custom Pine Script™ indicator designed to provide traders with a clear visualization of market trends using two Exponential Moving Averages (EMAs). This script calculates two EMAs based on different price sources and applies a dynamic fill color between them to indicate market conditions.
How It Works
EMA Top (emaTop) → Calculated using the high price.
EMA Bottom (emaBot) → Calculated using the closing price.
Dynamic Background Fill:
Red (Bearish Fill) → When the closing price is below the EMA Bottom, indicating a potential downtrend.
Green (Bullish Fill) → When the closing price is above the EMA Top, indicating a potential uptrend.
Neutral Gray Fill → When the price is between both EMAs, representing market indecision or consolidation.
Customization
EMA Length: Default is 200, but can be adjusted via the settings.
Line Color: Users can customize the EMA line color.
Fill Colors: Configurable for bullish, bearish, and neutral zones.
Usage
Helps traders identify long-term trends and potential trend reversals.
Useful for support/resistance zones when price interacts with EMAs.
Provides clear visual cues for market direction.
Trade The Fear - UltimateTrade The Fear - Ultimate (TTF - Ultimate)
Overview
"Trade The Fear - Ultimate" (TTF - Ultimate) is a powerful, all-in-one technical analysis indicator designed to help traders identify key market opportunities. Combining support/resistance break-and-retest detection, reversal and breakout signals, and RSI divergence analysis, this indicator provides a comprehensive toolkit for trading across various markets and timeframes. Built with flexibility in mind, TTF - Ultimate offers customizable settings and rich visualizations to suit different trading styles.
What It Does
1. **Break and Retest Detection**
- Identifies support and resistance levels using pivot points.
- Detects breakouts when price crosses these levels and highlights potential retests for confirmation.
- Visualizes zones with boxes and labels for easy interpretation.
2. **Reversal and Breakout Identification**
- Spots reversal patterns using weighted moving averages and volume strength.
- Flags breakout opportunities with strong momentum, supported by volume analysis.
- Tracks trend direction with a dynamic trend line and candle coloring.
3. **RSI Divergence Analysis**
- Calculates RSI and detects bullish/bearish divergences between price and momentum.
- Marks divergences with clear visual cues to signal potential reversals.
4. **Visual Tools & Alerts**
- Displays support/resistance zones, breakouts, retests, reversals, and divergences with boxes, labels, and shapes.
- Colors candles based on trend state for quick trend recognition.
- Includes customizable alerts for all key events.
How to Use It
1. **Add to Chart**
- Search for "Trade The Fear - Ultimate" in TradingView’s indicator library and add it to your chart.
- The indicator overlays directly on your price chart.
2. **Key Visual Elements**
- **Boxes**: Red for support, Green for resistance—indicate key zones.
- **Labels**: "Break" for breakouts, "Retest" or "P. Re" for retests—mark significant price actions.
- **Shapes**: Triangles for reversals/divergences, diamonds for breakouts—highlight trade setups.
- **Trend Line**: Colored line (green/red) tracks trend direction.
- **Candle Colors**: Green (bullish), Red (bearish), Yellow (breakout)—show market state.
3. **Trading Strategies**
- **Break and Retest**: Enter trades when price breaks a level (e.g., support) and retests it as new resistance (bearish) or support (bullish).
- **Reversals**: Look for triangle markers (R) with RSI divergence for potential trend changes.
- **Breakouts**: Trade diamond markers (B) with yellow candles for strong momentum moves.
- **Trend Following**: Use candle colors and the trend line to ride bullish (green) or bearish (red) trends.
4. **Customize Settings**
- Open the indicator settings to tweak:
- **Lookback Periods**: Adjust sensitivity for breaks, retests, and reversals (e.g., 20 bars default).
- **Repainting**: Choose "On" for real-time signals or "Off" for confirmed signals.
- **Colors/Styles**: Modify box outlines, label sizes, and colors to your preference.
- **Alerts**: Enable/disable specific alerts (e.g., breakouts, retests, divergences).
- **Volume Threshold**: Set the level for strong breakout confirmation (default: 2).
5. **Alerts**
- Set up alerts via TradingView’s alert menu to get notified of:
- New support/resistance levels.
- Breakouts and confirmed retests.
- Reversals, breakouts, and RSI divergences.
Best Practices
- **Timeframes**: Works on all timeframes—shorter for scalping, longer for swing trading.
- **Markets**: Applicable to stocks, forex, crypto, and more.
- **Confirmation**: Combine with other indicators (e.g., volume, moving averages) for stronger signals.
- **Risk Management**: Always use stop-losses and proper position sizing.
Volume-Price Divergence RSIUnderstanding the Display
Once added, you'll see a new panel below your price chart with:
Purple Line: This is the RSI (Relative Strength Index)
Red Dashed Line: The overbought threshold (default: 70)
Green Dashed Line: The oversold threshold (default: 30)
Blue Columns: Volume histogram
Dark Blue Line: Volume moving average
Trading Signals
Look for these markers on the indicator panel:
Green Triangle (↑): Buy signal - appears when there's a bullish divergence AND RSI conditions are met (oversold and rising)
Red Triangle (↓): Sell signal - appears when there's a bearish divergence AND RSI conditions are met (overbought and falling)
Lime Diamond (◆): Bullish divergence without RSI confirmation
Orange Diamond (◆): Bearish divergence without RSI confirmation
What These Signals Mean
Buy Signal (Green Triangle):
Price is making lower lows BUT volume is making higher lows
RSI is in oversold territory (below 30) and starting to rise
This suggests potential upward reversal
Sell Signal (Red Triangle):
Price is making higher highs BUT volume is making lower highs
RSI is in overbought territory (above 70) and starting to fall
This suggests potential downward reversal
Customizing the Indicator
To adjust settings:
Right-click on the indicator
Select "Settings"
In the "Inputs" tab, you can modify:
RSI Period (default: 14)
Volume MA Period (default: 20)
Lookback Period for finding pivot points (default: 10)
RSI Overbought level (default: 70)
RSI Oversold level (default: 30)
Setting Alerts
To get notified when a signal appears:
Right-click on the indicator
Select "Add Alert"
Choose the condition you want to be alerted for:
Buy Signal
Sell Signal
Bullish Divergence
Bearish Divergence
Configure notification preferences and save
Trading Strategy
This indicator is best used:
On higher timeframes (4H, Daily) for more reliable signals
As confirmation with other indicators or price action
At market extremes where divergences are more meaningful
With proper risk management (stop losses below recent swing lows for buys, above recent swing highs for sells)
Remember that no indicator is 100% accurate. This tool works by identifying situations where price movement isn't confirmed by volume, suggesting a potential reversal, especially when RSI conditions align.
Valerio Diotallevi
MFI Nexus Pro [trade_lexx]📈 MFI Nexus Pro is your reliable trading assistant!
📊 What is MFI Nexus Pro ?
MFI Nexus Pro is a trading indicator that analyzes cash flows in the market. It shows where money is moving — into or out of an asset, and based on this, generates buy or sell signals.
💡 The main components of the indicator
📊 The MFI Cash Flow Index (MFI)
shows the strength of cash flow into an asset. Values above 70 indicate overbought (an early sale is possible), and values below 30 indicate oversold (an early purchase is possible).
📈 Moving Averages (MA)
The indicator uses 10 different types of moving averages to smooth the MFI line.:
- SMA: Simple moving average
- EMA: Exponential moving average
- WMA: Weighted moving average
And other more complex types (HMA, KAMA, VWMA, ALMA, TEMA, ZLEMA, DEMA)
The choice of the type of moving average affects the speed of the indicator's response to market changes.
🎯 Bollinger Bands (BB)
Bands around the moving average that widen and narrow depending on volatility. They help determine when the MFI is out of the normal range.
🔄 Divergences
Divergences show discrepancies between price and MFI:
- Bullish divergence: the price is falling and the MFI is rising — an upward reversal is possible
- Bearish divergence: the price is rising and the MFI is falling — a downward reversal is possible
🔍 Indicator signals
1️⃣ Moving average signals (MA)
Buy signal
- What happens: MFI crosses its moving average from bottom to top
- What does it look like: the green triangle labeled "MA" under the chart
- What does it mean: money begins to actively flow into the asset, price growth is possible
Sell signal
- What happens: the MFI crosses the moving average from top to bottom
- What does it look like: a red triangle with the label "MA" above the chart
- What does it mean: money starts to leave the asset, the price may fall
2️⃣ Bollinger Band Signals (BB)
Buy signal
- What's happening: The MFI crosses the lower Bollinger band from bottom to top
- What it looks like: the green triangle marked "BB"
- What it means: The MFI was too low and is now starting to recover
Sell Signal
- What's going on: MFI crosses the upper Bollinger band from top to bottom
- What it looks like: a red triangle marked "BB"
- What it means: The MFI was too high and is now starting to decline
3️⃣ Divergence Signals (Div)
Buy Signal (Bullish Divergence)
- What's going on: the price is falling more than the MFI
- What it looks like: a green triangle marked "Div"
- What it means: despite the fall in price, money is already starting to return to the asset
Sell signal (bearish divergence)
- What is happening: the price is rising more strongly than the MFI
- What does it look like: the red triangle with the label "Div"
- What does it mean: despite the price increase, money is already starting to leave the asset
🛠️ Filters to filter out false signals
1️⃣ Minimum distance between the signals
- What it does: sets the minimum number of candles between signals
- Why it is needed: prevents signals from being too frequent during strong market fluctuations
- How to set it up: Set the number from 0 and above (default: 5)
2️⃣ "Waiting for the opposite signal" mode
- What it does: waits for a signal in the opposite direction before generating a new signal
- Why you need it: it helps you not to miss important trend reversals
- How to set up: just turn the function on or off
3️⃣ Filter by MFI levels
- What it does: generates signals only when the MFI is in the specified ranges
- Why it is needed: it helps to catch the moments when the market is oversold or overbought
- How to set up:
- For buy signals: set a range for oversold (e.g. 1-30)
- For sell signals: set a range for overbought (e.g. 70-100)
4️⃣ The RSI filter
- What it does: additionally checks the RSI values to confirm the signals
- Why it is needed: adds additional confirmation from another popular indicator
- How to set up: Similar to the MFI filter, set ranges for buying and selling
🔄 Signal combination modes
1️⃣ Normal mode ("None")
- How it works: all signals (MA, BB, Div) work independently of each other
- When to use it: for general market analysis or when learning how to work with the indicator
2️⃣ "And" mode ("MA and BB and Div")
- How it works: the alarm appears only when several conditions are triggered simultaneously
- Combination options:
- MA+BB: signals from the moving average and Bollinger bands
- MA+Div: signals from the moving average and divergence
- BB+Div: signals from the Bollinger bands and divergence
- MA+BB+Div: all three signals simultaneously
- When to use: for more reliable but rare signals
3️⃣ "OR" mode ("MA or BB or Div")
- How it works: the alarm appears when any of the conditions are triggered
- When to use: for frequent signals when you don't want to miss any opportunity.
🔌 Connecting to trading strategies
The indicator can be connected to your trading strategies using 5 different channels.:
1. Channel for MA signals: connects only signals from moving averages
2. BB signal channel: connects only the signals from the Bollinger bands
3. Channel for divergence signals: connects only divergence signals
4. Channel for "And" mode: connects only combined signals
5. Channel for "OR" mode: connects signals from any source
🔔 Setting up alerts
The indicator can send alerts when alarms appear.:
- Alerts for MA: when the MFI crosses the moving average
- Alerts for BB: when the MFI crosses the Bollinger bands
- Divergence alerts: when a divergence is detected
- Combined alerts: for "AND" and "OR" modes
🎭 What does the indicator look like on the chart ?
- MFI main line: purple line
- Overbought/oversold levels: horizontal lines at levels 30 and 70
- Middle line: dotted line at level 50
- MFI Moving Average: yellow line
- Bollinger bands: green lines around the moving average
- Signals: green and red triangles with corresponding labels
📚 How to start using MFI Nexus Pro
1️⃣ Initial setup
- Add an indicator to your chart
- Select the type of moving average and the period (you can leave it as the default)
- Activate the desired signal types (MA, BB, Div)
2️⃣ Filter settings
- Set the distance between the signals to get rid of unnecessary noise
- Adjust the MFI and RSI levels depending on how volatile your asset is
- If you need more reliable signals, turn on the "Waiting for the opposite signal" mode.
3️⃣ Operation mode selection
- First, use the standard mode to see all possible signals.
- When you get comfortable, try the "And" mode for more reliable signals.
- For active trading, you can use the "OR" mode
4️⃣ Setting up Alerts
- Select the types of signals you want to be notified about
- Set up alerts for "AND" or "OR" modes if you use them
5️⃣ Verification and adaptation
- Check the operation of the indicator on historical data
- Adjust the parameters for a specific asset
- Adapt the settings to your trading style
🌟 Usage examples
For trend trading
- Use MA signals in the direction of the main trend
- Turn on the "Waiting for the opposite signal" mode
- Set stricter levels for filters
For trading in a sideways range
- Use BB signals to detect bounces from the range boundaries
- Use the MFI level filter to confirm overbought/oversold conditions
- Adjust the Bollinger bands according to the width of the range
To determine the pivot points
- Pay attention to the divergence signals
- Use the "And" mode by combining divergences with other signals
- Check the RSI filter for additional confirmation
Pipstocrat Market Participant AnalysisPipstocrat Market Participant Analysis (PMPA) , analyzes the behavior of different types of traders in the market: Hot Money (short-term traders), Smart Money (institutional or professional traders), and Retail Traders . It uses RSI-based calculations to measure their activity and displays the results as colored bars on a chart.
Customizable Colors: Users can change the colors for each type of trader and other visual elements like reference lines.
Reference Lines: Horizontal lines at levels 5 (Support), 10 (Neutral), and 15 (Resistance) help interpret the data.
Focus on RSI: The script simplifies analysis by focusing solely on RSI-based signals.
This tool helps traders quickly identify trends and sentiment in the market, making it easier to spot potential opportunities.
OI Strategy (Crypto & Indian Derivatives)Testing my own perametres
i am using open intrest of 4 hr and SMA and vwap Average
