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Distance % from smaThis indicator measures the percentage distance between the current price and its Simple Moving Average (SMA). It displays how far price has deviated above or below the moving average, expressed as a percentage. Default setting is a 36-period SMA, though this can be adjusted. The zero line (red) represents when price equals the SMA. Positive values indicate price is above the average, while negative values show price is below. The step line visualization makes it easy to identify overbought/oversold conditions and potential mean reversion opportunities. When the distance percentage reaches extreme levels, it often signals that price may be due for a pullback toward the mean. Useful for identifying: - Overbought/oversold conditions - Mean reversion setups - Trend strength measurement - Entry/exit timing based on deviation from average
Chỉ báo Pine Script®
của northstarbadcharts
Prime ETH VRP [Honest Villain Edition]Credit: Based on the original VRP indicator developed by EdgeTools. © Engineered by the proprietary trading division at CMZN LTD. ŞTİ. © Lead Quant: A. Arda UZAN / "The Honest Villain" © Web3 Research Arm: Arol DAO (aroldao.eth) The Honest Villain's ETH VRP Measures the Variance Risk Premium using Deribit's ETH DVOL vs. 365-Day Realized Volatility. Includes Z-Score and Percentile ranking for tail-risk identification. In crypto, one thing is mathematically certain: FAT TAILS ARE TOO FAT. Trades that incorporate naked shorting of options are often referred to as "widow makers" for this exact reason. To survive, sellers of volatility demand an additional premium to compensate for this tail risk. This manifests as Implied Volatility (IV) consistently over-estimating Realized Volatility (RV). How to read this tool: Positive VRP (High): Options may be overpriced. The market is fearful, and premiums are rich. Negative VRP (Low): Options may be fairly priced or discounted. Realized volatility is thrashing harder than the options market is pricing. Why this script exists: I engineered this because I could not find a plug-and-play VRP indicator specifically calibrated for Ethereum's microstructure. * **Engine:** Uses the Garman-Klass estimator (OHLC) for precision, not just Close-to-Close. * **Math:** Adjusted for the 365-day crypto trading year (vs. the TradFi 252). * **Context:** Adds Z-Score and Percentiles to identify statistical extremes. Deployment: For best results, apply this indicator to the most liquid ETH/Stable spot market to ensure the Volume Footprint and VRP align. Recommended: BINANCE:ETHUSDT
Chỉ báo Pine Script®
của Arol_DAO
Forex Cross-Asset Correlation Mapper Forex Cross-Asset Correlation Mapper — an indicator for tracking correlations between major currency pairs and the US Dollar Index (DXY). The indicator automatically detects the currency pair on the current chart and calculates a rolling Pearson correlation with DXY in real time. What it shows: Heatmap (matrix) — visualizes correlations between all enabled pairs. Green indicates positive correlation, red indicates negative. Cells with anomalies are highlighted with a yellow marker. Correlation plot — the dynamic correlation of the current pair with DXY over time. The yellow line represents the mean value, red dashed lines mark the normal range boundaries (±N standard deviations). When an anomaly is detected, the chart background is highlighted in yellow. Info panel — displays the current correlation value, mean, deviation in sigma units, and status (Normal / ANOMALY). An anomaly is triggered when the correlation moves beyond N standard deviations from its rolling mean. This signals a breakdown in the typical relationship between the pair and the dollar. Settings: correlation period, anomaly threshold, mean calculation period, enable/disable each pair individually. Supported pairs: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, USDCHF, NZDUSD + DXY (DX1!).
Chỉ báo Pine Script®
của Smart-Day-Trader
Momentum Squeeze Pulse [DefinedEdge]Volatility compresses. Then it explodes. This indicator tells you when the spring is coiled and which direction it's about to release. Built on the Bollinger Band / Keltner Channel squeeze framework, but modernized with gradient momentum coloring, a pressure gauge, divergence detection, and a full stats dashboard. 🔷 HOW THE SQUEEZE WORKS When Bollinger Bands fit inside Keltner Channels, volatility is compressing. The market is coiling. The tighter and longer it compresses, the bigger the move when it releases. The indicator detects three levels of compression: 🔴 High Squeeze: BB inside tight KC 🟠 Mid Squeeze: BB inside mid KC 🟡 Low Squeeze: BB inside wide KC 🟢 No Squeeze: bands expanded, move in progress 🔥 FIRE SIGNALS When the squeeze releases (BB expands outside KC after sustained compression), a FIRE label appears. Direction is determined by the momentum histogram at the time of release. A minimum duration filter ensures only meaningful squeezes trigger signals. Short micro-squeezes are ignored. 🎨 GRADIENT MOMENTUM The histogram shows momentum direction and intensity using four color states: Bright green = bullish, accelerating (strong, stay in) Cyan = bullish, decelerating (momentum fading) Bright red = bearish, accelerating (strong, stay in) Purple = bearish, decelerating (momentum fading) Colors transition smoothly based on strength relative to recent history. You can see momentum heating up or cooling down in real time. 〰️ PULSE LINE White EMA line threading through the histogram. When the pulse diverges from the bars, momentum is shifting. Useful for early exits. 💎 PRESSURE GAUGE During an active squeeze, pressure is calculated as duration x intensity level. The longer the squeeze lasts at higher compression, the more energy is stored: LOW: short or shallow squeeze BUILDING: gaining compression HIGH: significant energy stored EXTREME: maximum compression, expect a big move ⚠️ DIVERGENCE DETECTION When price makes a new high but momentum doesn't confirm (or new low without momentum confirmation), a DIV label appears. These are early warning signals for potential reversals. Detected using momentum pivot analysis. 📊 DASHBOARD Squeeze state with intensity level Duration (bars in current squeeze) Momentum direction and strength % Pressure gauge with numeric value Total squeezes detected with average duration Last fire signal (bars ago + direction) 🔒 NON-REPAINTING All fire signals and momentum flips are gated behind bar close confirmation. Signals appear after the bar closes and never disappear. What you see on historical bars is exactly what you would have seen live. ► HOW TO TRADE IT Watch for dots turning yellow/orange/red (squeeze building) Monitor the pressure gauge in the dashboard Enter on FIRE in the direction of the histogram Ride while bars stay bright (accelerating) Tighten stop when bars fade to cyan/purple (decelerating) Exit on zero-line cross or DIV warning ► RECOMMENDED Timeframes: 15m to Daily Min Squeeze Duration: Default 8. Increase for fewer, higher-quality signals. Works on any liquid instrument: crypto, forex, futures, stocks, indices ► SETTINGS GUIDE BB/KC lengths and multipliers: Leave at defaults unless you know what you're doing. Standard 20/2.0 BB and 20/1.0/1.5/2.0 KC are battle-tested. Min Squeeze Duration: The main filter. Higher = fewer signals but stronger setups. Pulse Line Smoothing: Lower = more responsive. Higher = smoother.
Chỉ báo Pine Script®
của DefinedEdge
SBP Multimode Trading System FREESBP Multimode Trading System — FREE is a non-repainting indicator designed to help traders identify major directional moves using a combination of trend structure, momentum confirmation, and sideways-market filtering. The FREE version focuses on clarity and reliability, avoiding signal clutter and emphasizing confirmed trend conditions. This script is shared for educational and informational purposes only. 🔹 Features of the FREE Version ✅ Adaptive UW Moving Average Volatility-adjusted moving average Automatically adapts to changing market conditions Color-coded direction: Green → bullish bias Red → bearish bias Used as trend confirmation, not standalone signals ✅ Dynamic Trend Filter (DTF) Smooth trend bias line Helps align trades with the dominant direction Reduces counter-trend entries Especially effective during strong directional moves ✅ PMR Momentum Ribbon Fast and slow momentum lines with ribbon fill Green ribbon → bullish momentum Red ribbon → bearish momentum Visual tool to assess trend strength and continuation ✅ Sideways / Choppy Market Filter Automatically detects low-volatility compression Filters out signals during ranging conditions Helps reduce false entries in non-trending markets ✅ Major BUY / SELL Signals Signals appear only on confirmed trend changes Conditions include: Trend state flip Momentum alignment Price confirmation Sideways filter clearance No repainting, no intrabar repaint tricks ✅ Clean Visuals & Alerts Optional BUY / SELL labels Non-repainting alerts Customizable display toggles for clean charts 🧭 How to Trade Using the FREE Version This indicator is designed to assist decision-making, not replace discretion. 🔹 BUY Setup (General Guidance) Trend flips to bullish Price holds above the Dynamic Trend Filter UW MA is rising (green) PMR ribbon is bullish Market is not sideways 🔹 SELL Setup (General Guidance) Trend flips to bearish Price holds below the Dynamic Trend Filter UW MA is falling (red) PMR ribbon is bearish Market is not sideways 🔹 Risk Management (User-Defined) Stop-loss and targets are not enforced in the FREE version Users should apply: ATR-based stops Structure-based exits Higher-timeframe context 🖼 Screenshot Examples The screenshots demonstrate the FREE version applied across different asset classes: Crypto (SOL/USD): Clean trend continuation and reversal behavior Commodities (Crude Oil): Stable handling of high volatility Indices (NIFTY 50): Directional filtering during intraday moves All screenshots use the same default logic, highlighting consistency across markets. 🔍 Detailed Feature Comparison (For Transparency) The table below compares the FREE version with a separate Invite-Only research build. This is provided for informational clarity only. Feature Area FREE (Public) Invite-Only (Research Build) Core Trend Engine ✔ Yes ✔ Enhanced Adaptive UW MA ✔ Basic ✔ Market & Mode-Aware Dynamic Trend Filter ✔ Standard ✔ Fully Adaptive PMR Ribbon ✔ Standard ✔ Advanced Logic Sideways Filter ✔ Single-Layer ✔ Multi-Layer Buy / Sell Signals ✔ Major Trend ✔ Mode-Specific Scalping Logic ✖ No ✔ Dedicated Strategy Backtesting ✖ No ✔ Yes Risk Management Engine ✖ No ✔ ATR-Based Liquidity Filters ✖ No ✔ Optional Fibonacci / HTF Levels ✖ No ✔ Yes Repainting ✖ No ✖ No ⚠️ Disclaimer This indicator does not provide financial advice Past performance does not guarantee future results Trading involves risk, including loss of capital Users are responsible for their own trade decisions This publication does not promote paid services, subscriptions, or commercial offerings of any kind.
Chỉ báo Pine Script®
của sbprasad2005
Rolling VWAP Suite SS (7D / 30D / 90D / 365D)Rolling VWAP Suite (7D / 30D / 90D / 365D) The **Rolling VWAP Suite** is a multi-time-horizon volume-weighted average price indicator designed to track short, medium, and long-term fair value across any market. Unlike traditional session VWAP that resets daily, this indicator calculates **true rolling VWAPs** over: * 🔹 7 Days * 🔹 30 Days * 🔹 90 Days * 🔹 365 Days Each VWAP continuously updates using a time-based rolling window, making it ideal for identifying dynamic value zones in trending or consolidating markets. --- ### 🔍 What Makes This Different ✔ True time-based rolling calculation (not bar-count approximation) ✔ Works on indices, crypto (BTC), stocks, futures, and continuous contracts ✔ No session dependency ✔ Clear right-side labels for quick visual identification ✔ Designed for macro bias + swing structure analysis --- ### 📈 How to Use It **7D VWAP** → Short-term momentum and tactical bias **30D VWAP** → Intermediate positioning level **90D VWAP** → Quarterly institutional flow zone **365D VWAP** → Macro fair value anchor When price is: * Above a rolling VWAP → Market is trading at premium relative to that timeframe * Below → Market is trading at discount Stacking behaviour provides powerful regime insight: * 7D > 30D > 90D > 365D → Strong bullish structure * Inverted stacking → Bearish structure --- ### 🎯 Ideal For * Bitcoin macro bias tracking * Index regime analysis * ETF-style capital flow assessment * Swing trading frameworks * Institutional-style value analysis --- This tool helps traders understand **where price sits relative to multi-timeframe value**, allowing for more informed positioning decisions across different horizons. --- If you want, I can also write: * A more technical quant-style description * A marketing-optimized version for public scripts * Or a shorter minimal version Tell me where you're planning to publish it.
Chỉ báo Pine Script®
của shinelikesurya
Yoda Oscillator [R2D2] v1.0Yoda Oscillator : The Sentiment GPS (c)R2D2_4Life ------------------------------------------------------------------------------------------------------------------- Introduction The Yoda Oscillator is the advanced companion to the Yoda 10-in-1 Strategy . While the main Yoda indicator acts as your "Speedometer" (showing current direction), this oscillator acts as your "GPS" —revealing the strength, momentum, and hidden weakness of a trend before price even moves. Designed for the professional trader, it aggregates 11 distinct market indicators into a single Net Sentiment Score (-100% to +100%) . It visualizes the "internal struggle" between Bulls and Bears, helping you distinguish between a true breakout and a fragile fake-out. Why Use This? (The Value Add) Using the Yoda 10-in-1 table alone gives you a snapshot of right now . Adding the Yoda Oscillator unlocks the "4th Dimension" of time and momentum. Spot "Trend Lock": When the histogram hits +100% and stays flat, it confirms a "Trend Lock." This is the safest time to hold, preventing early exits during strong moves. Detect "Internal Decay": The unique "Momentum Decay" coloring (Lime vs. Dark Green) shows you when a trend is getting tired inside the 100% zone, often bars before the price drops. Gold Signal Line: This moving average filters out noise. If the histogram drops below the Gold Line, momentum is fading—a critical "Take Profit" signal that price action alone often hides. The Mathematics Behind the Magic This is not a simple "vote counter." It uses a Weighted Probability Engine based on institutional reliability rankings. The 11 indicators are weighted by tiers: Tier 1 (The Heavyweights - 45%): RSI (15%) + SuperTrend (15%) + EMA (15%): These provide the foundational trend direction. If these are bearish, it is mathematically very difficult for the score to turn positive. Tier 2 (The Confirmation - 30%): MACD (10%) + VWAP (10%) + ADX (10%): These confirm momentum and volume. Tier 3 (The Specialists - 25%): MFI, TTM Squeeze, ATR, Stoch RSI, PSAR (5% each): These sensitive indicators help refine the score, catching early reversals or volatility squeezes. The Net Sentiment Formula: Net Score = (Bullish Weight) - (Bearish Weight) Result: A score of +80% doesn't just mean "Up"—it means 90% of the weighted indicators are in agreement. A score of 0% represents a perfectly neutral/choppy market. Visual Guide & How to Use 1. The Histogram Colors Bright Lime: Strong Bullish. Sentiment is positive and rising/holding. Dark Green: Bullish Decay. Sentiment is positive, but weaker than the previous candle. Caution advised. Bright Red: Strong Bearish. Sentiment is negative and falling/holding. Dark Maroon: Bearish Decay. Sentiment is negative, but improving. Potential bottom forming. 2. The Gold Signal Line The "True North" of momentum. Bullish Crossover: When the Histogram crosses above the Gold Line, momentum is accelerating. Bearish Divergence: If Price makes a higher high, but the Histogram drops below the Gold Line, the trend is hollow. Prepare to exit. 3. Squeeze Dots (White Radar) White Dots on Zero Line: Indicates a TTM Squeeze is active. Volatility is crushed; a massive explosive move is imminent. Do not trade chop; wait for the breakout. Best Setup & Strategy Timeframe: Works on all timeframes, but highly calibrated for 4H (Swing Trading) and Daily (Trend Following). Trend Following: Enter: Net Score crosses above 0% (confirmed by Gold Line). Hold: Histogram remains Bright Lime or pegged at +100 . Exit: Histogram turns Dark Green AND drops below the Gold Signal Line. Contra-Trend (Reversals): Look for "Extreme Exhaustion." If the score hits -100% and then prints a Dark Maroon bar (Decay), it is a high-probability aggressive entry for a bounce. Risk Warning: This tool gauges probability, not certainty. Always use proper risk management. ------------------------------------------------------------------------------------------------------------------- May the Trades Be With You.
Chỉ báo Pine Script®
của R2D2_4Life
Relative Strength Index - RSI | TR🎯 Overview Relative Strength Index - RSI | TR is a sophisticated momentum oscillator that measures the speed and magnitude of recent price changes to evaluate overbought and oversold conditions. Developed by Tiagorocha1989, this enhanced version of Welles Wilder's classic RSI offers dual-mode operation with moving average customization and comprehensive visual features, helping traders identify potential reversals, confirm trends, and generate clear entry and exit signals with greater precision. 🔧 How It Works The RSI compares the magnitude of recent gains to recent losses, creating an oscillator that ranges from 0 to 100. Traditional interpretation suggests that readings above 70 indicate overbought conditions (potential for reversal downward), while readings below 30 indicate oversold conditions (potential for reversal upward). Core Calculation Logic: The indicator calculates the RSI using the standard formula: Average gain over the specified period divided by average loss over the same period This ratio is normalized to create a value between 0 and 100 The RSI is then compared to a reference line that can be either: The traditional 50 level (centerline) A user-defined moving average of the RSI itself When the RSI crosses above the reference line, it generates a bullish signal. When it crosses below, it generates a bearish signal. ✨ Key Features 🔹 Dual Operating Modes 50 Level Mode: Classic RSI implementation where signals occur when the RSI crosses above or below the 50 centerline, indicating momentum shifts RSI MA Mode: Enhanced version where signals occur when the RSI crosses its own moving average, providing smoother, filtered entries 🔹 Flexible Moving Average Selection Choose from six MA types for the RSI MA mode: EMA (Exponential Moving Average) for responsive signals SMA (Simple Moving Average) for smoother readings RMA (Rolling Moving Average) for weighted recent data WMA (Weighted Moving Average) for customizable weighting VWMA (Volume-Weighted Moving Average) incorporating volume HMA (Hull Moving Average) for reduced lag 🔹 Customizable RSI Parameters Length RSI: Lookback period for RSI calculation (default 14) Source RSI: Price source for calculations (default Close) 🔹 Customizable Color Themes Eight distinct color schemes to match your charting preferences: Classic – Green for bullish, Red for bearish Modern – White for bullish, Purple for bearish Robust – Amber for bullish, Maroon for bearish Accented – Violet for bullish, Pink for bearish Monochrome – Light gray for bullish, Dark gray for bearish Moderate – Green for bullish, Red for bearish Aqua – Blue for bullish, Orange for bearish Cosmic – Pink for bullish, Purple for bearish 🔹 Comprehensive Visual Feedback Colored RSI Line: Changes color based on position relative to the reference line Gradient Fill Zones: Clear visualization of overbought (above 80) and oversold (below 20) conditions Dynamic Zone Fills: Semi-transparent fills showing when RSI is above or below the reference line Color-Coded Candles: Bars reflect current RSI bias Signal Markers: Triangle up/down symbols at crossover points Live Value Display: Current RSI value shown in a floating label Trend Table: Bullish/Bearish status displayed on the chart 🔹 Ready-to-Use Alerts Built-in alert conditions trigger LONG signals on bullish crossovers and SHORT signals on bearish crossunders across both operating modes. ⚙️ Settings Summary Color Choice: Select from eight visual themes (Default: Classic) Length RSI: Lookback period for RSI calculation (Default: 14) Source RSI: Price source for calculations (Default: Close) Entry/Exit Signal: Choose between 50 level or RSI MA mode (Default: 50) Length RSI MA: Moving average period for RSI MA mode (Default: 365) RSI MA Type: Moving average method for signal line (Default: EMA) 📈 Practical Applications 🔹 Overbought/Oversold Detection Traditional RSI usage identifies extreme conditions: Readings above 70-80 suggest overbought conditions and potential reversal down Readings below 20-30 suggest oversold conditions and potential reversal up The indicator provides gradient fills in these zones for visual clarity 🔹 Centerline Crossovers In 50 Level mode, crossovers provide momentum signals: Crossover above 50 → Bullish momentum strengthening Crossunder below 50 → Bearish momentum strengthening These signals often align with trend direction 🔹 Signal Line Crossovers In RSI MA mode, crossovers between RSI and its moving average provide filtered signals that reduce whipsaws in ranging markets while maintaining sensitivity in trends. 🔹 Divergence Trading One of the most powerful RSI applications is spotting divergences: Bullish Divergence: Price makes lower low, RSI makes higher low → Potential upside reversal Bearish Divergence: Price makes higher high, RSI makes lower high → Potential downside reversal 🔹 Failure Swings Look for RSI moves above 70 (or below 30), a pullback, and then a move beyond the previous extreme: Bullish Failure Swing: RSI falls below 30, rises above 30, pulls back without crossing below 30, then breaks above its recent high Bearish Failure Swing: RSI rises above 70, falls below 70, rallies without crossing above 70, then breaks below its recent low 🔹 Trend Confirmation In trending markets, RSI can confirm strength: Uptrend: RSI tends to stay above 40-50, with pullbacks finding support at these levels Downtrend: RSI tends to stay below 60-50, with rallies finding resistance at these levels 🎯 Ideal For ✅ Mean Reversion Traders seeking overbought and oversold opportunities ✅ Divergence Traders looking for hidden reversal signals ✅ Trend Traders wanting momentum confirmation ✅ Swing Traders capturing medium-term momentum shifts ✅ System Developers needing reliable crossover logic for automated strategies 📌 Key Takeaways Dual-Mode Flexibility: Choose between classic 50-level crossovers for traditional signals or MA-smoothed signals for filtered entries Comprehensive Visualization: Color themes, gradient fills for overbought/oversold zones, candles, and labels provide immediate market awareness Divergence Capability: Excellent for spotting both regular and hidden divergences that signal trend reversals or continuations Multiple Timeframe Application: Works effectively across all timeframes, from intraday to weekly charts Alert-Ready: Built-in alerts for both LONG and SHORT signals across both operating modes ⚠️ Important Notes In strong trends, RSI can remain in overbought or oversold territory for extended periods, so traditional overbought/oversold signals should be used with caution. The 365-day MA default in RSI MA mode is designed for longer-term trend context on daily charts. Divergences are most reliable when they occur at extreme readings (above 70 or below 30). Always combine with proper risk management and additional confirmation for best results. Disclaimer: This indicator is provided for educational and informational purposes only. Past performance is not indicative of future results. Always conduct thorough testing and align with your risk management strategy before live deployment.
Chỉ báo Pine Script®
của Tiagorocha1989
Market Force Oscillator Elite ProMarket Force Oscillator Elite Pro is a single-pane oscillator that combines acceleration, volume-weighted force, trend alignment, divergence logic, and multi-method cycle diagnostics. How components work together: - Force engine estimates buy/sell pressure from candle position, relative volume weighting, and optional momentum factor. - Oscillator core combines acceleration with force and normalizes using robust scale logic (stdev with MAD fallback when stdev is unstable). - Dynamic levels compute adaptive OB/OS using ATR percent with timeframe-aware auto calibration and a soft-cap transform. - Trend filter compares LTF and HTF EMA direction before allowing directional signals. - Signal quality gate combines oscillator magnitude, relative volume, and optional alignment weighting. - Divergence module uses confirmed pivots with one-shot/cooldown modes. - Cycle module computes Original Ehlers, Zero-Crossing, Peak-to-Peak, Autocorrelation, and Composite estimates. What is new/original in this version (from current code): - Multi-method cycle detector with Composite mode. - Timeframe-aware ATR auto calibration for dynamic OB/OS behavior. - ATR soft-cap compression to avoid overly wide bands on higher timeframes. - Robust oscillator normalization with MAD fallback when stdev becomes outlier-like. - Oscillator-pane marker anchoring (`location.absolute`) to prevent autoscale distortion from price-anchored shapes. How to Use quickstart 1. Add the script to chart and start with `Preset = Balanced`. 2. Set `Cycle Detector Mode = Composite` for combined cycle diagnostics. 3. Enable `Show Detected Cycle (data window)` to inspect cycle outputs. 4. Enable advanced settings only if you need to tune quality gates, trend filter, and cooldowns. 5. Configure alerts from the 5 built-in alert conditions after threshold tuning.
Chỉ báo Pine Script®
của actemplet
VWAP Multi Prev and current + MidnightAdvanced Multi-Period VWAP + PVA & NY Midnight Open This indicator is a professional-grade liquidity and volume-analysis tool designed for intraday and swing traders who rely on institutional benchmarks. It combines Current VWAPs, Previous Period Value Areas (PVA), and the NY Midnight Open into a single, high-precision overlay. 🚀 Key Features 1. High-Precision MTF Engine Standard VWAP indicators often lose accuracy on higher timeframes (like the 1H or 4H). This script includes a High Precision Mode that uses lower timeframe data (1m, 5m, or 15m) via request.security to ensure that every calculation is mathematically exact, regardless of your chart’s resolution. 2. Triple-Timeframe Coverage Track three critical institutional cycles simultaneously: Daily: Includes a toggle for "Standard" (Midnight) or "Custom NY Session" (09:30 AM) anchors. Weekly: Anchored to the start of the trading week. Monthly: Anchored to the first day of the month. 3. Previous Value Area (PVA) "Shelves" The indicator doesn't just plot current lines; it draws "shelves" for the Previous Period’s VWAP and its Standard Deviation Bands. These areas represent the "Fair Value" of the previous day/week/month and often act as powerful magnets or support/resistance zones. Visuals: Customizable fills and border styles for clear distinction between periods. 4. NY Midnight Open The NY Midnight (00:00 EST) open is widely regarded as the "Starting Point" for the daily candle. Trading above it suggests a bullish bias, while trading below suggests a bearish bias. This script automates this level, providing a clear reference point for intraday direction. 5. Customizable Standard Deviation Bands Enable dynamic bands for Daily, Weekly, or Monthly periods to identify overextended price action (overbought/oversold) relative to volume. 🛠 How to Use The "Magnet" Effect: Watch for price to return to the Previous Daily/Weekly VWAP (the center line of the "shelves") during mean-reversion setups. Institutional Bias: If price is above the NY Midnight Open AND the Current Daily VWAP, look for long opportunities. Volatility Confluence: Use the Standard Deviation Bands to find exhaustion points where volume-weighted price is stretched to its limit. ⚙️ Settings Precision Settings: Choose the timeframe used for background calculations. (Default: 1m for Daily, 5m for Weekly). Anchor Modes: Switch the Daily VWAP to start at the NY Pit Open (09:30) for a session-specific view. Visual Styles: Choose between Lines, Steps, Circles, or Crosses to match your chart aesthetics.
Chỉ báo Pine Script®
của pitgian