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Rev&Line with TrendMarker - CoffeeKillerRev&Line with TrendMarker - Update Guide 🔔 **Warning: This Indicator Repaints** 🔔 This indicator uses real-time calculations that may change based on future price action. As a result, signals (such as arrows, lines, or color changes) **can and will repaint** — meaning they may appear, disappear, or shift after a candle closes. **Do not rely on this tool alone for live trading decisions.** Use with caution and always confirm with non-repainting tools or additional analysis. (I planned to make this an update to the Rev&Line indicator but the greater minds said my write-up was too long, so it's getting published as a new indicator. Please refer to the Rev&Line indicator for a proper write-up on it.) Major Updates & Enhancements The Rev&Line indicator has been significantly enhanced with the integration of the TrendMarker system, adding powerful trend detection capabilities and intelligently connecting them with the existing marker lines. Here's what's new: 1. TrendMarker Integration The original Rev&Line indicator has been expanded to include a comprehensive trend detection system that combines: 1. SuperTrend Algorithm - ATR-based trend detection with customizable period and factor - Direction-based logic to determine bull/bear market conditions - Optional trend line visualization 2. Parabolic SAR - Classic trend-following indicator with start, increment, and maximum parameters - Used as confirmation for the SuperTrend signals - Optional plotting of SAR points 3. Smart Background Coloring - Green fluorescent background when both SuperTrend and PSAR indicate bullish conditions - Red fluorescent background when both SuperTrend and PSAR indicate bearish conditions - Customizable transparency levels 2. Enhanced Marker Lines System The marker lines functionality has been completely revolutionized: Before: - Marker lines were reset based on pivot detection in the ZigZag system - Resets occurred when new pivot lows or highs were identified Now: - Marker lines reset based on SuperTrend direction changes - When SuperTrend changes from bearish to bullish, high marker lines reset - When SuperTrend changes from bullish to bearish, low marker lines reset - This creates a much more responsive and trend-aligned marker system How the New Marker Lines Work Trend-Based Reset Mechanism The most important change is the marker line reset logic that now uses SuperTrend direction changes instead of ZigZag pivots. This creates a system where: 1. When the market transitions from bearish to bullish (SuperTrend direction changes from -1 to 1): - The high marker line resets, establishing a new range base - This allows the indicator to track the new uptrend from its beginning 2. When the market transitions from bullish to bearish (SuperTrend direction changes from 1 to -1): - The low marker line resets, establishing a new range base - This allows the indicator to track the new downtrend from its beginning Trading Applications This trend-synchronized marker system offers several advantages: 1. Trend-Aligned Range Tracking - Marker lines now automatically reset at trend changes - Ranges are more relevant to the current market phase - Percentage position becomes more meaningful for decision-making 2. Improved Breakout Detection - High marker line now represents resistance established during the current bullish phase - Low marker line now represents support established during the current bearish phase - Breaks above/below these lines have greater significance 3. Enhanced Visual Clarity - Background coloring clearly indicates the trend direction - Marker lines show the range established during the current trend - Percentage labels provide context within the trend range New Parameter Groups SuperTrend Parameters - **ATR Period**: Period for Average True Range calculation (default: 4) - **Factor**: Multiplier for ATR to determine band width (default: 1.0) - **Show SuperTrend Line**: Toggle to display the SuperTrend line on chart (default: false) Parabolic SAR Parameters - **Start**: Initial acceleration factor (default: 0.02) - **Increment**: Step value for acceleration factor (default: 0.02) - **Max Value**: Maximum acceleration factor (default: 0.2) - **Show Parabolic SAR Points**: Toggle to display SAR points on chart (default: false) - **Parabolic SAR Trend Highlight**: Background color based on trend (default: true) - **Background Transparency**: Opacity of background highlighting (default: 95) Marker Lines Parameters (Enhanced) - All original marker line settings are preserved - The behavior is now tied to trend changes instead of pivots Practical Usage 1. Trend Identification - Green background: Strong bullish trend (both SuperTrend and PSAR aligned) - Red background: Strong bearish trend (both SuperTrend and PSAR aligned) - No background: Mixed or transitioning signals 2. Range Trading Within Trends - During bullish trends: * Use the high marker line as resistance level * Use the low marker line as support level * Consider entries near the low marker line with targets toward the high marker line - During bearish trends: * Use the low marker line as support level that may break * Use the high marker line as resistance level * Consider short entries near the high marker line with targets toward the low marker line 3. Percentage Position Trading - In bullish trends: Look for long entries when percentage position is low (0-30%) - In bearish trends: Look for short entries when percentage position is high (70-100%) - Use the position marker to gauge current location within the trend range 4. Breakout Confirmation - Breaks above the high marker line during bullish trends: Strong continuation signal - Breaks below the low marker line during bearish trends: Strong continuation signal - Trend changes that coincide with marker line breaks: Powerful reversal signals Strategy Examples Trend-Aligned Range Strategy 1. Identify the market trend using the background color 2. Wait for a pullback to the 0-30% zone during bullish trends 3. Enter long positions with targets at the 70-100% zone 4. Use the opposite approach during bearish trends Trend Change Strategy 1. Monitor for SuperTrend direction changes (marker line resets) 2. Confirm with PSAR alignment (background color change) 3. Enter in the new trend direction after the first reset of marker lines 4. Place stops beyond the recent swing high/low Breakout Confirmation Strategy 1. Identify consolidation phases where price oscillates between marker lines 2. Wait for a decisive break above/below marker lines in the direction of the background color 3. Enter on the breakout with targets at the next significant level 4. Use trend changes as warning signals for potential reversals Best Practices 1. Combined Confirmation - Use both SuperTrend and PSAR alignment for highest probability trades - Look for ZigZag pivot confirmations in the same direction - Wait for marker line resets to complete before entering new trend trades 2. Range Context - Consider the distance between high and low marker lines - Wider ranges suggest higher volatility and potential for larger moves - Narrower ranges suggest consolidation and potential breakout opportunities 3. Visual Harmony - Background color should align with overall direction of price movement - Marker lines should contain most price action during the trend - Percentage position should correlate with relative price location Remember, the enhanced TrendMarker integration makes the Rev&Line indicator a more complete trading system, but always use proper risk management and confirm signals with other analysis methods. **DISCLAIMER**: This indicator and its signals are intended solely for educational and informational purposes. They do not constitute financial advice. Trading involves significant risk of loss. Always conduct your own analysis and consult with financial professionals before making trading decisions.
Chỉ báo Pine Script®
bởi CoffeeKiller
🧠 BEAST Empathy MeterEntry Note: The BEAST Empathy Meter can be used as a stand alone Indictaor, but it reveals its full strength in combination with the use of "ULTIMATIVES BEAST (LSTM + XGBoost + GARCH + Trend & Momentum" - Indicator 🧠 BEAST Empathy Meter – Emotional Intelligence for the Markets ➤ "Because every great algorithm needs a heart." 🔍 What is the BEAST Empathy Meter? The BEAST Empathy Meter is a standalone emotional intelligence module designed to measure real-time market sentiment and emotional tension in price action – using a unique combination of logic-based indicators, momentum, volume, volatility, and macro market structure. It acts as the emotional brain of your trading toolkit, built to complement the powerful logic engine of the main BEAST system. While the BEAST focuses on detecting optimal entries and exits with precision and AI-enhanced logic, the Empathy Meter focuses on how the market "feels." 🧬 How does it work? The BEAST Empathy Meter computes a scaled Empathy Score ranging from –100 (extreme fear) to +100 (euphoria), based on these weighted components: 🔑 Components used in Empathy Score: Component Purpose Candle structure Detects aggressive or indecisive candles Volatility shifts Measures tension, contraction, or sudden expansion Volume change Gauges crowd participation and conviction Momentum (ROC) Senses acceleration or exhaustion Trend alignment (EMA21/EMA50) Confirms direction & structure Squeeze detection Identifies calm before breakout Pattern emotion Detects Dojis after strong moves = uncertainty RSI exhaustion Spots emotional overreach (FOMO or panic) MACD structure Measures internal consistency in the trend Weekly MACD Aligns local emotions with macro-trend Setup override logic Overrides score if BEAST is about to trigger entry Each component is scored numerically, then weighted and blended into a single Empathy Score, which is visually represented by a semi-circular Tachometer – built directly into your chart. 🔁 Real-time Logic Example If the market is overbought, momentum fades, and a Doji forms → Empathy Score drops toward 0 or below. If volume spikes, the MACD crosses bullish, trend is intact, and ROC accelerates → Score rises toward 80+. If a short setup is triggered by the BEAST, the Empathy Score is automatically adjusted downward to reflect the dominant emotion. 🎯 How does it interact with BEAST? Together, they create a symbiotic system: BEAST Core Logic 🧠 Empathy Meter 💓 Detects trades via ML, patterns & signals Gauges market sentiment & mood Uses CNN + LSTM + Wavelet + GCN Uses weighted indicator-based emotion model Executes only when setups are valid Reflects how emotionally mature the setup is Operates with logic & statistics Operates with structure-based intuition ➡️ You can use Empathy Meter to: Confirm BEAST entries when sentiment aligns (e.g., Long Setup + EmpathyScore > 50) Avoid entries in conflicting sentiment zones (e.g., Short Setup + Score still positive) Monitor market fear, indecision or greed without relying on news or headlines 🌐 Use Cases 🔸 Add it to any BEAST-powered chart for emotional overlay 🔸 Use it independently as a market mood dashboard 🔸 Combine it with other systems (e.g., LuxAlgo, SMC, etc.) for enhanced context 🔸 Integrate it into screener logic to identify emotional setups across assets 🌟 Why it stands out ✅ No NLP required – Empathy is based on hard logic, not Twitter. ✅ Built by a trader for traders – emotion measured where it actually happens: the chart. ✅ Fully open and customizable – adjust weights, labels, visual zone thresholds. 💬 Final Thought "A perfect entry is worthless if the market isn't emotionally ready for it." The BEAST Empathy Meter ensures that your trading decisions are not only logical – but emotionally aligned with market psychology. Shall we build emotion-aware trading together? Drop a like ❤️, comment, or remix – and become part of the BEAST movement. 🧠💥🔥
Chỉ báo Pine Script®
bởi timschmidt1285
2
Pro Volume By TradeINskiOverview The Pro Volume By TradeINski indicator is a comprehensive trading tool designed to enhance volume analysis, position sizing, and trend identification. It integrates multiple trading metrics into a single dashboard, helping traders make informed decisions based on volume dynamics, momentum bursts, trend intensity, and risk management. Key Features 1. Position Size Calculator Helps traders determine optimal position sizes based on risk parameters: Capital & Risk Amount: Set account size and risk per trade. Lot Size Adjustments: Automatically calculates nearest lot size for futures trading. Stop Loss-Based Quantity: Computes position size based on distance from stop-loss levels (LOD or mid-price). Standard Stop Losses: Predefined stop-loss levels (1%, 1.25%, 1.5%, 1.75%) for quick risk assessment. Reverse Pyramiding: Enhances position sizing with adjustable risk multipliers (25%, 50%). Closing Range & Range Expansion: Measures price strength and volatility expansion. 2. Volume Analysis & Bar Coloring Default Bar Colors: Green for bullish bars, red for bearish bars. Dry Volume Detection: Highlights low-volume bars (below 20-period SMA) in gray. 3. Momentum Burst (MB) Identifies high-momentum moves: Bullish Momentum: Volume surge + price rise ≥ user-defined threshold (default: 4%). Bearish Momentum: Volume surge + price drop ≥ user-defined threshold (default: -4%). 4. Trend Intensity (TI) Measures trend strength using moving averages: Fast MA (7) vs. Slow MA (65): Highlights strong bullish/bearish trends when deviation exceeds sensitivity threshold (default: 5%). 5. Anticipation (ANTS) Detects consolidation before potential breakouts: Price Change Range: Filters minor price fluctuations (default: -0.4% to +0.4%). Trend Confirmation: Requires TI_65 sensitivity (default: 5%) for validation. 6. Episodic Pivot (EP) Flags unusually high-volume bars (default: 9M+ volume) as potential trend reversal or continuation signals. 7. Data Metrics Table Displays key trading metrics: Trend Intensity (TI): 21-period SMA comparison. Industry & Sector: Stock classification. Market Cap & Free Float: Fundamental liquidity metrics. Volume × Price (VP): Monetary value of traded volume. Relative Volume (RV): Today’s volume vs. previous day. Persistent Intensity (PI): Count of consecutive up closes (default: 21-period). Use Cases for Traders ✅ Day Traders: Identify momentum bursts and high-volume breakouts. ✅ Swing Traders: Use trend intensity and episodic pivots to confirm trends. ✅ Position Traders: Optimize risk with dynamic position sizing. ✅ Risk Managers: Set stop-loss levels and reverse pyramiding for controlled exposure. Settings & Customization Overview The Pro Volume By TradeINski indicator is a comprehensive trading tool designed to enhance volume analysis, position sizing, and trend identification. It integrates multiple trading metrics into a single dashboard, helping traders make informed decisions based on volume dynamics, momentum bursts, trend intensity, and risk management. Key Features 1. Position Size Calculator Helps traders determine optimal position sizes based on risk parameters: Capital & Risk Amount: Set account size and risk per trade. Lot Size Adjustments: Automatically calculates nearest lot size for futures trading. Stop Loss-Based Quantity: Computes position size based on distance from stop-loss levels (LOD or mid-price). Standard Stop Losses: Predefined stop-loss levels (1%, 1.25%, 1.5%, 1.75%) for quick risk assessment. Reverse Pyramiding: Enhances position sizing with adjustable risk multipliers (25%, 50%). Closing Range & Range Expansion: Measures price strength and volatility expansion. 2. Volume Analysis & Bar Coloring Default Bar Colors: Green for bullish bars, red for bearish bars. Dry Volume Detection: Highlights low-volume bars (below 20-period SMA) in gray. 3. Momentum Burst (MB) Identifies high-momentum moves: Bullish Momentum: Volume surge + price rise ≥ user-defined threshold (default: 4%). Bearish Momentum: Volume surge + price drop ≥ user-defined threshold (default: -4%). 4. Trend Intensity (TI) Measures trend strength using moving averages: Fast MA (7) vs. Slow MA (65): Highlights strong bullish/bearish trends when deviation exceeds sensitivity threshold (default: 5%). 5. Anticipation (ANTS) Detects consolidation before potential breakouts: Price Change Range: Filters minor price fluctuations (default: -0.4% to +0.4%). Trend Confirmation: Requires TI_65 sensitivity (default: 5%) for validation. 6. Episodic Pivot (EP) Flags unusually high-volume bars (default: 9M+ volume) as potential trend reversal or continuation signals. 7. Data Metrics Table Displays key trading metrics: Trend Intensity (TI): 21-period SMA comparison. Industry & Sector: Stock classification. Market Cap & Free Float: Fundamental liquidity metrics. Volume × Price (VP): Monetary value of traded volume. Relative Volume (RV): Today’s volume vs. previous day. Persistent Intensity (PI): Count of consecutive up closes (default: 21-period). Use Cases for Traders ✅ Day Traders: Identify momentum bursts and high-volume breakouts. ✅ Swing Traders: Use trend intensity and episodic pivots to confirm trends. ✅ Position Traders: Optimize risk with dynamic position sizing. ✅ Risk Managers: Set stop-loss levels and reverse pyramiding for controlled exposure. Settings & Customization Trade Direction: Long, Short, or Both (auto-detects based on % change). Table Positioning: Adjust location (Top/Middle/Bottom, Left/Center/Right). Color Customization: Modify bar colors, table lines, and background. Trade Direction: Long, Short, or Both (auto-detects based on % change). Table Positioning: Adjust location (Top/Middle/Bottom, Left/Center/Right). Color Customization: Modify bar colors, table lines, and background.
Chỉ báo Pine Script®
bởi TradeINski
Supertrend + MACD with Advanced FiltersDetailed Guide 1. Indicator Overview Purpose: This enhanced indicator combines Supertrend and MACD to signal potential trend changes. In addition, it now includes several extra filters for more reliable signals: Multi-Timeframe (MTF) Confirmation: Checks a higher timeframe’s trend. ADX (Momentum) Filter: Ensures the market is trending strongly. Dynamic Factor Adjustment: Adapts the Supertrend sensitivity to current volatility. Volume Filter: Verifies that current volume is above average. Each filter can be enabled or disabled according to your preference. How It Works: The Supertrend calculates dynamic support/resistance levels based on ATR and an adjustable factor, while MACD identifies momentum shifts via its crossovers. The additional filters then confirm whether the conditions meet your criteria for a trend change. If all enabled filters align, the indicator plots a shape and triggers an alert. 2. Supertrend Component with Dynamic Factor Base Factor & ATR Period: The Supertrend uses these inputs to compute its dynamic bands. Dynamic Factor Toggle: When enabled, the factor is adjusted by comparing the current ATR to its simple moving average. This makes the indicator adapt to higher or lower volatility conditions, helping to reduce false signals. 3. MACD Component Parameters: Standard MACD settings (Fast MA, Slow MA, Signal Smoothing) determine the responsiveness of the MACD line. Crossovers between the MACD line and its signal line indicate potential trend reversals. 4. Multi-Timeframe (MTF) Filter Function: If enabled, the indicator uses a higher timeframe’s simple moving average (SMA) to confirm the prevailing trend. Bullish Confirmation: The current close is above the higher timeframe SMA. Bearish Confirmation: The current close is below the higher timeframe SMA. 5. ADX Filter (Momentum) Custom Calculation: Since the built-in ta.adx function may not be available, a custom ADX is calculated. This involves: Determining positive and negative directional movements (DMs). Smoothing these values to obtain +DI and -DI. Calculating the DX and then smoothing it to yield the ADX. Threshold: Only signals where the ADX exceeds the set threshold (default 20) are considered valid, ensuring that the market is trending strongly enough. 6. Volume Filter Function: Checks if the current volume exceeds the average volume (SMA) multiplied by a specified factor. This helps confirm that a price move is supported by sufficient trading activity. 7. Combined Signal Logic & Alerts Final Signal: A bullish signal is generated when: MACD shows a bullish crossover, Supertrend indicates an uptrend, And all enabled filters (MTF, ADX, volume) confirm the signal. The bearish signal is generated similarly in the opposite direction. Alerts: Alert conditions are set so that TradingView can notify you via pop-up, email, or SMS when these combined conditions are met. 8. User Adjustments Toggle Filters: Use the on/off switches for MTF, ADX, and Volume filters as needed. Parameter Tuning: Adjust the ATR period, base factor, higher timeframe settings, ADX period/threshold, and volume multiplier to match your trading style and market conditions. Backtesting: Always backtest your settings to ensure that they perform well with your strategy.
Chỉ báo Pine Script®
bởi kiemonline2016
TrendWave Bands [BigBeluga]This is a trend-following indicator that dynamically adapts to market trends using upper and lower bands. It visually highlights trend strength and duration through color intensity while providing additional wave bands for deeper trend analysis. 🔵Key Features: Adaptive Trend Bands: ➣ Displays a lower band in uptrends and an upper band in downtrends to indicate trend direction. ➣ The bands act as dynamic support and resistance levels, helping traders identify potential entry and exit points. Wave Bands for Additional Analysis: ➣ A dashed wave band appears opposite the main trend band for deeper trend confirmation. ➣ In an uptrend, the upper dashed wave band helps analyze momentum, while in a downtrend, the lower dashed wave band serves the same purpose. Gradient Color Intensity: ➣ The trend bands have a color gradient that fades as the trend continues, helping traders visualize trend duration. ➣ The wave bands have an inverse gradient effect—starting with low intensity at the trend's beginning and increasing in intensity as the trend progresses. Trend Change Signals: ➣ Circular markers appear at trend reversals, providing clear entry and exit points. ➣ These signals mark transitions between bullish and bearish phases based on price action. 🔵Usage: Trend Following: Use the lower band for confirmation in uptrends and the upper band in downtrends to stay on the right side of the market. Trend Duration Analysis: Gradient wavebands give an idea of ​​the duration of the current trend — new trends will have high-intensity colored wavebands and as time goes on, trends will fade. Trend Reversal Detection: Circular markers highlight trend shifts, making it easier to spot entry and exit opportunities. Volatility Awareness: Volatility-based bands help traders adjust their strategies based on market volatility, ensuring better risk management. TrendWave Bands is a powerful tool for traders seeking to follow market trends with enhanced visual clarity. By combining trend bands, wave bands, and gradient-based color scaling, it provides a detailed view of market dynamics and trend evolution.
Chỉ báo Pine Script®
bởi BigBeluga
10
ATR SL and TP with Candle Freeze & DataWindowThis indicator uses the Average True Range (ATR) to automatically calculate your stop loss (SL) and take profit (TP) levels based on the current market volatility and your chosen multipliers. Here's how it works: ATR Calculation: The indicator computes the ATR, which measures the average market volatility over a set period. This value helps gauge how much the price typically moves. SL and TP Determination: Depending on whether you're in a long or short trade, the SL and TP are calculated relative to the current price: For a long trade, the stop loss is set below the current price (by subtracting a multiple of the ATR) and the take profit is set above it (by adding a multiple of the ATR). For a short trade, the calculations are reversed. Candle Freeze Feature: Once a new candle starts, the calculated SL and TP values are "frozen" for that candle. This means they remain constant during the candle's formation, preventing them from updating continuously as the price fluctuates. This can make it easier to plan your trades without the levels shifting mid-candle. Data Window & Labels: The SL and TP values are plotted on the chart as lines and displayed in labels for quick reference. Additionally, they appear in TradingView's Data Window, so you can easily copy the price numbers if needed. Overall, the indicator is designed to help you manage your trades by setting dynamic, volatility-adjusted SL and TP levels that only update at the start of each new candle, aligning with your chosen timeframe. Let me know if you have any more questions or need further adjustments!
Chỉ báo Pine Script®
bởi kiemonline2016
Ruben.Ramiro - Momentum Breakout StrategyThis strategy is designed to capture breakout movements aligned with the prevailing trend, using a combination of Exponential Moving Averages (EMAs), Relative Strength Index (RSI), and Average True Range (ATR) for entry signals and risk management. It includes clear long/short entry conditions, dynamic stop-losses. 1. Trend Identification Uses two EMAs: • Fast EMA (default 20 periods) • Slow EMA (default 50 periods) The trend is considered bullish if EMA Fast > EMA Slow, and bearish if EMA Fast < EMA Slow. 2. Momentum Filter (RSI) Applies a 14-period RSI to avoid entries during overbought/oversold conditions: • Avoids long entries when RSI > 70 (overbought) • Avoids short entries when RSI < 30 (oversold) 3. Breakout Logic Detects breakouts over a configurable period (default: 5 candles): • Resistance: Highest high over the last N periods (excluding the current one) • Support: Lowest low over the last N periods (excluding the current one) 4. Entry Conditions Long Entry: • Price breaks above recent resistance • Uptrend confirmed (EMA Fast > EMA Slow) • RSI not overbought Short Entry: • Price breaks below recent support • Downtrend confirmed (EMA Fast < EMA Slow) • RSI not oversold 5. Position Management Stop-Loss and Trailing Stop based on ATR: Stop-Loss: • For long: entry price - (ATR * SL multiplier) • For short: entry price + (ATR * SL multiplier) Trailing Stop: • Uses same ATR * trailing multiplier for both trail_points and trail_offset • Defaults for both SL and trailing multiplier: 1.5x ATR 6. Alerts (Webhook) JSON-formatted webhook alerts: • Long entry: Market buy order • Short entry: Market sell order 7. Visual Cues • Green triangle below bar for Long entries • Red triangle above bar for Short entries
Chiến lược Pine Script®
bởi ruben_ramiro
30 Second Opening RangeDisplaying the first 30 seconds of RTH. Range high and low between 8:30 and 8:30:30 CST. (9:30 and 9:30:30 New York time.) The can be used as a directional basis and breakout strategy, to spot trends and entry/exit points. For the use on US Equities NQ, ES, YM. The option to adjust: • High and low line color • Mid line color • Background color • History (amount) *The indicator has limitations, based around your TradingView plan and amount of data shown.
Chỉ báo Pine Script®
bởi LeonidasTrades
SUPERTREND BASICSUPERTREND BASIC 2.0 The Supertrend Indicator is a popular trend-following tool used in trading to determine market direction based on price movements and volatility. It helps traders identify potential entry and exit points by plotting a continuous line above or below the price. The Supertrend shifts its position based on the Average True Range (ATR) and a multiplier, which adjusts its sensitivity to price fluctuations. How the Supertrend Works ATR-Based Calculation – The indicator relies on the ATR to measure market volatility. Upper and Lower Bands – It calculates trend levels based on the ATR and a user-defined multiplier. Trend Confirmation – If the price moves above the Supertrend line, it turns bullish (green), signaling a buy opportunity. If the price moves below the Supertrend line, it turns bearish (red), indicating a sell signal.
Chiến lược Pine Script®
bởi QuantsTrades
Shadow EdgeShadow Edge Indicator Overview Shadow Edge is an advanced technical analysis tool that visualizes key price levels and statistical patterns based on multiple timeframe analysis. It helps traders identify potential support, resistance, and expansion zones by tracking historical price behavior at specific hours of the trading day. This indicator offers unique statistical insights by calculating average expansion levels and tracking market behavior patterns on an hourly basis. Unlike standard technical indicators, Shadow Edge combines historical price analysis with proprietary statistical calculations to identify high-probability zones for market reactions. Key Features • Previous High/Low Visualization : Displays previous session high and low levels with configurable line styles • Mean Expansion Levels : Calculates and displays average price expansion levels (MuEH/MuEL) based on historical data • Manipulation/Distribution Levels : Shows potential manipulation and distribution zones calculated from price action patterns • Sweep Detection : Alerts when price sweeps previous high or low levels with customizable offset • Multi-timeframe Analysis : Analyzes higher timeframe data and projects it onto your current chart • Statistical Tracking : Maintains a database of price behavior by hour to identify recurring patterns • Fully Customizable Visuals : Adjust colors, line styles, and transparency to match your chart setup Settings • Customize appearance of all elements including candles, lines, and labels • Toggle visibility of different price levels • Set alert conditions for level tests and sweeps • Configure historical bar lookback period • Optional stats display showing reliability percentages by hour Use Cases • Identify potential reversal zones at previous highs/lows • Anticipate likely price expansion based on statistical averages • Recognize manipulation and distribution patterns in price action • Set precise alerts for sweep events at key levels • Enhance your trading strategy with multi-timeframe analysis How to Use It 1. Initial Setup : Apply the indicator to your chart and configure the higher timeframe setting (default is 60 min) to match your trading style. 2. Level Identification : • Previous High (PH) and Previous Low (PL) levels show where price previously found support/resistance • Mean Expansion High (MuEH) and Low (MuEL) levels indicate statistically likely price boundaries • The Previous EQ level represents the equilibrium point between previous high and low 3. Trading Strategy Applications : • Look for price reactions when testing previous high/low levels • Use expansion levels (MuEH/MuEL) as potential take-profit targets • Monitor manipulation (-M, +M) and distribution (-D, +D) levels for potential reversal zones • Set alerts for sweeps of previous high/low levels to identify potential stop hunts 4. Statistical Analysis : • The optional stats table shows reliability percentages for different hours • Higher percentages indicate historically stronger adherence to the projected levels • Use this data to adjust your trade timing and risk management 5. Visual Customization : • Adjust colors and line styles to create a clean, easy-to-read chart • Toggle different elements on/off based on your specific trading approach • Reduce transparency settings if you prefer a more subtle visual overlay Important Notes • This indicator uses statistical calculations to identify price levels; past performance does not guarantee future results • For best results, use on liquid markets during their primary trading sessions • While the indicator provides statistical projections, always combine these signals with your own analysis and risk management strategy • The code containing the proprietary algorithms is protected as closed source to maintain its integrity Limitations • The indicator requires sufficient historical data to calculate accurate statistical levels • Performance may vary depending on market volatility and trading conditions • Level projections work best on standard chart types (not Heikin Ashi, Renko, etc.) • Sweep detections should be confirmed with price action before taking action Note : Contact me for a version of this indicator that can work on any Higher Timeframe.
Chỉ báo Pine Script®
bởi KatherinaNote
SMA Channel AlertsThe "SMA Channel with Alerts" indicator is designed to help traders visualize dynamic support and resistance zones based on a simple moving average (SMA). It computes the SMA on a user-specified timeframe and then applies user-configurable percentage deviations to generate a price channel. The channel consists of five lines: Central SMA: The primary moving average (default is 12-period on a daily timeframe). Upper Lines: Two lines plotted above the SMA, representing small and large positive percentage offsets. Lower Lines: Two lines plotted below the SMA, representing small and large negative percentage offsets. Key Features: Customizable SMA: Choose the SMA length. Select the timeframe for the SMA calculation. Specify the data source (default is closing price). Adjustable Percentage Offsets: Configure the upward offsets (small and large) as percentages. Configure the downward offsets (small and large) as percentages. Versatile Alert System: Set alerts for price crossing any channel line upward or downward. Receive individual alerts for each line when crossed in either direction. A consolidated alert option for any crossing across all channel lines. How to Use the Indicator: Configuration: Adjust the SMA settings (length, timeframe, source) to match your trading strategy. Set your desired percentage deviations for the channel lines. Alert Setup: Open TradingView's alert creation window. Choose the specific alert condition from the indicator (e.g., “Any Cross Upper Large (+)” or “Any Cross ANY Line”). Configure your alert preferences (notification type, sound, etc.). Trading Application: Use the channel lines to gauge potential support and resistance levels. Monitor the alerts for timely notifications when the price breaks through these key levels, signaling possible trend shifts or breakout opportunities. This indicator is ideal for traders looking for a visual method to monitor price action relative to a moving average-based channel and to automate alert notifications for better trade timing.
Chỉ báo Pine Script®
bởi Goldfinch_song
Planet LinesThis indicator shows planet levels as per astrological calculation. specifically, jupiter, mars, earth, and saturn levels are plotted using the indicator on the chart, which will work as support & resistance. Planet level clusters, where all planets are mostly near each other, will act as strong support and resistance zones. price will retrace cycle-wise from planet line to planet line based on these levels. For more info, contact personally.
Chỉ báo Pine Script®
bởi UAK24
123GAP123 GAP – Professional Gap Detection Indicator 123 GAP is an advanced TradingView tool that automatically detects and displays true price gaps using a custom 3-candle logic. The indicator identifies both upward (bullish) and downward (bearish) gaps with precise zones that remain on the chart until they are fully filled. Each gap is marked only once – no duplicate drawings or visual clutter. Perfect for intraday and swing traders who work with market inefficiencies and want to use price gaps as reaction or entry zones and also like perfect target. ✅ Smart gap detection based on custom 3-candle pattern (not just simple candle gaps) 🎯 Accurate visual boxes that dynamically shrink as the gap gets filled 📉 Displays only unfilled gaps – keeping your chart clean and focused 🧪 Optional display of filled gaps 🔔 Alert system – get notified when price touches an active gap zone ⚙️ Customizable settings – control number of boxes shown, toggle alerts, and more 💡 How to use: *Spot untouched gaps as potential reaction areas *Analyze how price behaves around untested zones *Gain an edge in trending or reversing markets Designed for simplicity, precision, and clean visual output.
Chỉ báo Pine Script®
bởi Michal2604
Daily ProtractorDaily Protractor Indicator Overview The Daily Protractor is a visually intuitive tool designed for traders who want to analyze price action through angular measurements on a 5-minute chart. By overlaying a protractor on the chart, this indicator helps identify potential support, resistance, and trend directions based on angular relationships from the first 5-minute candle of each day. It’s particularly useful for intraday traders looking to incorporate geometric analysis into their strategies for spot or strike charts. Key Features Dynamic Protractor Overlay: Draws a protractor centered on the low of the first 5-minute candle of each day, with customizable radius in both bars (horizontal) and price units (vertical). Angular Measurements: Displays angles in 5-degree increments, covering a full 360° circle or a 105° to -105° (91° to 269°) half-circle, depending on user preference. Customizable Display: Adjust the number of days to display protractors (up to 5 days). Customize line colors for different angle ranges (0° to 180°, 180° to 360°, and 0° specifically). Modify line thickness, label size, and label colors for better visibility. Center Point Highlight: Marks the center of each protractor with a labeled point for easy reference. Efficient Design: Optimized with max_lines_count, max_labels_count, and max_bars_back to ensure smooth performance on TradingView. How It Works The indicator identifies the first 5-minute candle of each day and uses its low price as the center point for a protractor. It then draws lines at 5-degree intervals, radiating from the center, with each line representing an angle from 0° to 360°. Labels at the end of each line display the angle in degrees, with negative values shown for angles between 195° and 345° (e.g., 270° is displayed as -90°). The protractor’s radius can be adjusted in both time (bars) and price units, allowing traders to scale the tool to their chart’s characteristics. Usage Instructions Add to Chart: Apply the indicator to a 5-minute chart of your chosen instrument (e.g., spot or strike charts). Interpret the Protractor: Use the angular lines to identify potential price levels or trend directions. The 0° line (horizontal) can act as a reference for horizontal support/resistance. Angles between 0° and 180° (upper half) and 180° and 360° (lower half) are color-coded for quick identification. Customize Settings: Toggle the Show 105° to -105° option to display a half-circle (91° to 269°) instead of a full 360° protractor. Adjust the Radius in Bars and Radius in Price Units to scale the protractor to your chart. Set the Maximum Days to Display to control how many daily protractors are shown. Modify line thickness, colors, and label settings to suit your visual preferences. Customization Options Protractor Settings: Show 105° to -105° (91° to 269°): Toggle between a full circle or a half-circle protractor. Radius in Bars: Set the horizontal span of the protractor (default: 75 bars). Radius in Price Units: Set the vertical span in price units (default: 1000.0). Maximum Days to Display: Limit the number of protractors shown (default: 5 days). Line Settings: Line Thickness: Adjust the thickness of the protractor lines (1 or 2). Line Color (0° to 180°): Color for the upper half (default: light blue). Line Color (180° to 360°): Color for the lower half (default: light red). Line Color (0°): Color for the 0° line (default: black). Label Settings: Label Size: Choose between small, normal, or large labels. Label Color (0° to 180°): Color for labels in the upper half (default: red). Label Color (180° to 360°): Color for labels in the lower half (default: green). Notes The indicator was designed with the help of Grok3 for use on 5-minute charts only, as it relies on the first 5-minute candle of the day to set the protractor’s center. For best results, adjust the radius settings to match the volatility and price scale of your instrument. However, where the price is in single digits it is advised to switch off the labels or I would suggest not to use the same. The protractor can be used alongside other technical tools to confirm trends, reversals, or key price levels. Limitations: This cannot be used on instruments that trade for more than 75 candles with a timeframe of 5 minutes as the angles would not cover the entire trading window. I am working coming up with a script to address this limitation. Feedback I’d love to hear your thoughts! If you find the Daily Protractor helpful or have suggestions for improvements, please leave a comment or reach out. Happy trading!
Chỉ báo Pine Script®
bởi Boron555