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Directional Movement Indicator (DMI and ADX) - TartigradiaDirection Movement Indicator (DMI) is a trend indicator invented by Welles Wilder, who also authored RSI. DMI+ and DMI- respectively indicate pressure towards bullish or bearish trends. ADX is the average directional movement, which indicates whether the market is currently trending (high values above 25) or ranging (below 20) or undecided (between 20 and 25). DMX is the non smoothed ADX, which allows to detect transitions from trending to ranging markets and inversely with zero lag, but at the expense of having much more noise. This is an extended indicator, from the original one by BeikabuOyaji, please show them some love if you appreciate this indicator: Usage: To use this indicator for entry: when DMI+ crosses over DMI-, there is a bullish sentiment, however ADX also needs to be above 25 to be significant, otherwise the move is not necessarily sustainable. Inversely, when DMI+ crosses under DMI- and ADX is above 25, then the sentiment is significantly bearish, but if ADX is below 20, the signal should be disregarded. This indicator automatically highlights the background in green when ADX is above 25, and in red when ADX is below 20, to ease interpretation. Also, arrows can be activated in the Style menu to automatically show when the two conditions described above are met, or these can be used in a strategy.
Chỉ báo Pine Script®
của tartigradia
1
Point Of ControlStrategy and indicators are explained on the Chart. Here's how i read the chart. Entry: 1. Let the price close above the Ichimoku cloud 2. Price is above Volume Support zone 2. Make sure that momentum indicated with Green Triangles for Long Position Exit: 1. Orange cross at the bottom of the candle indicates price is about to weaken 2. Best time to exit is Volume Resistance + Bearish(Hammer or Engulf ) PS: Use it along with R-Smart for better results
Chỉ báo Pine Script®
của VebhaInvesting
18
Stock Tech Bot One ViewTechnical indicators are not limited. Hence, here is another indicator with the combination of OBV, RSI, and MACD along with support, and resistance that follows the price while honoring the moving average of 200, 90 & 50. The default lookback period of this indicator is 21 though it is changeable as per the user's desire. The highest high and lowest low for the last 21 days lookback period proven to be the perfect Support & Resistance as the price of particular stock values are decided by market psychology. The support and resistance lines are very important to understand the market psychology which is very well proven with price action patterns and the lines are drawn based on, Lower Extreme = 0.1 (Changeable) Maximum Range = 21 days highest high - 21 days lowest low. Support Line = 21 days lowest low + (Maximum Range * Lower Extreme) Resistance Line = 21 days highest high - (Maximum Range * Lower Extreme) RSI - Relative strength indicator is very famous to find the market momentum within the range of 0 - 100. Though the lookback period is changeable, the 14 days lookback period is the perfect match as the momentum of market movement for the last 3 weeks will always assist to identify the market regime. Here the momentum is just to highlight the indication (green up arrow under the candle for long and red down arrow above the candle for short) of market movement though it is not very important to consider if the price of the stock respect the support & resistance lines along with volume indicator (* = violet color). OBV - Momentum: The on-balance volume is always going indicator on any kind of tickers, which helps to identify the buying interest. Now, applying momentum on OBV with the positive movement for at least two consecutive days gives perfect confirmation for entry. A combination of the price along with this momentum(OBV) in the chart will help us to know the whipsaw in the price. The Symbol "*" on top of each bar shows the market interest in that particular stock. If your ticker is fundamentally strong then you can see this "*" even when the market falls. MACD: One of the favorites and simple indicators widely used, where the thump of the rule is not to change the length even if it is allowed. It's OK to believe blindly in certain indicator and consider it while trading. That's why the indicator changes the bar color by following the MACD histogram. Volume: It may be the OBV works based on the open price and close price along with volume movement, it is wise to have the volume that is plotted along with price movement that should help you to decide whether the market is greedy or fearful. The symbol "-" on top of each bar tells you a lot and don't ignore it. Moving Average: Moving average is a very good trend indicator as everyone considers seeing along with the price in the chart which is not omitted while we gauge the price movement alone with volume in this indicator. The 200, 90 & 50 MA's are everyone's favorite, and the same is plotted on the chart. As explained above, the combination of all four indicators with price movement will give us very good confidence to take entry. Candlestick Pattern: You should admire the techniques of the candlestick pattern as you navigate the chart from right to left. Though there are a lot of patterns that exist, it is easy to enable and disable to view the signal as the label. Further, last but not least, the exit always depends on individual conviction and how often the individual watch the price movement, if your conviction is strong then follow the down arrow red indication. If not, then exit with a trailing stop that indicates the bar with orange color. Happy investing Note: It is just a combination of multiple indicators and patterns to get one holistic view. So, the credit goes to all wise developers who publically published.
Chỉ báo Pine Script®
của stocktechbot
DCA Bot IndicatorName: DCA Bot Indicator Category: Dollar Cost Average. Operating mode: Alerts at a specific time, day of the week and day of the month. Trades duration: N/A. Timeframe: 1H Suggested usage: long-term investing DCA strategies. Entry: Only indicates the time and then the day of the week or the day of the month to buy. Exit: As per long-term Investor’s strategy. Usage: If you want to perform a Dollar Cost Averaging approach with: - Daily purchases (at a specific time) - Weekly purchases (at a specific time and day of the week) - Monthly purchases (at a specific time and day of the month) It is then possible to set the alert text with a preferred message or for use with trade automation systems. The green background identify the specific time chosen. It is possible to identify through the Bias Analyzer the best time for the daily purchase. Configuration: - Buy Time: hour you would like to buy, please consider that the script is executed at the end of the defined time, so if you would like to buy at 2, have to put 1. - Buy only Days of the Week: you can select the day you want. - Buy only on Day of Month, you can specify a specific day. Credits: - dsteaves for inspiration
Chỉ báo Pine Script®
của TheSocialCryptoClub
4
+ Donchian ChannelsThis version of Donchian Channels uses two source options so that one can create a channel using highs and lows rather than one or the other or closes. My thinking was that this would create a more accurate portrayal of price action (or at least contain the greatest scope of it) as seen through the lens of a Donchian Channel. This was actually part of the genesis of my idea around my Ultimate Moving Average. Besides the single top and bottom plot for the DC's extremities, I've enabled the ability to create outer bands with a variable width that the user can adjust to their preference. I think it's quite nice. I use it in the DC in my other non-overlay indicators. Besides this additional functionality, the indicator has options to plot lines between the basis and the upper and lower bands, so, basically, splitting the upper and lower channel in half. There is no magic number to the lookback. I chose 233 as default because it's a fibonacci sequence number and I'm more interested in using the DC like a very long period bias indicator, and the longer lookback gives a much wider window (because highs and lows are so spread apart) with which other faster indicators (supertrend, shorter period moving averages, etc.) can work without making the screen a clutter. The color of the basis may also be made relevant to higher timeframe information. What I mean by this is that you can set it so that the basis of the current timeframe is colored based on the candle close of the higher timeframe of your choosing. If you're looking at an hourly chart, and you set the color to Daily, the basis will be colored based on the candle close (above or below the basis) of the previous day. If the previous daily close was above the basis, that positive color will be reflected in the basis, even if the current hourly candle closes are below the hourly basis. This could potentially be useful for setting a higher timeframe directional bias and reacting off price crossing the lower timeframe basis (or whatever your trigger for entering a trade might be). This is also optional in my Ultimate Moving Average indicator. You can also set the entire indicator to whatever time frame you want if you want to see where the actual basis, or other levels are on that higher timeframe. Further additions include fibonacci retracement levels. These are calculated off the high and the low of the Donchian Channels themselves. You will see that there are only three retracement levels (.786, .705, .382), one of which is not a fib level, but what some people call the 'OTE,' or optimal trade entry. If you want more info on the OTE just web search it. So, why no .618 or .236? Reason being that the .618 overlaps the .382, and the .236 is extremely close to the .786. This sounds confusing, but the retracement levels I'm using are derived from the high and low, so it was unnecessary to have all five levels from each. I could have just calculated from the high, or just from the low, and used all the levels, but I chose to just calculate three levels from the high and three from the low because that gives a sort of mirror image balance, and that appeals to me, and the utility of the indicator is the same. The plot lines are all colored, and I've filled certain zones between them. There is a center zone filled between both .382 levels, and an upper and lower zone filled between the .786 and either the high or the low. If you like the colored zones, but don't like the plots because they cause screen compression, turn off the plots under the "style" tab. There are alerts for candle closes across every line. I should state that, regarding the fibs, obviously the length of the Channels is going to affect to what levels price retraces to. A shorter lookback means you will see more changes in highs and lows, and therefore retraces are often going to be full retraces within the bands unless price is trending hard. A longer lookback means you will see smaller retraces. Using this in conjunction with key high timeframe levels and/or a moving average can give great confidence in a trade entry. Additionally, if you have a short bias it may help in finding levels or entering a trade on a pullback. It could also be good for trade targets. But again, the lookback you choose for this indicator is going to dictate its use in the system you're building or already have. A 9 EMA and a 200 EMA, while fundamentally the same, are going to be used somewhat differently while doing your chart analysis. Additional images below. Same image as main, but with supertrend and my +UMA to help with chart analysis. Image with the fib stuff turned on. Zoomed out image with the same. Shorter lookback period. Zoomed in image of shorter lookback.
Chỉ báo Pine Script®
của ClassicScott
14
EBB & Flow: a multi-EMA-based BB cloudIntro This is an idea evolved out of the market maker method and EMA convergence, divergence, and mean reversion. The market maker method informs us that the 5, 13, 50 and 200 EMAs are important to regulating price. Those EMA lengths are multiples of the 50 and 200 on lower major timeframes -- the 1 minute, 5, 15, 1H, 4H, 1D. I include the 21 because it is also a multiple and in crypto very often respected. When market makers are testing price, they set their range and spike in the direction they test for liquidity. This can get chaotic. For instance, in a shorter time frame consolidation inside a bigger timeframe uptrend, it can be too easy to forget where you are in the many trends playing out. When the EMAs are dragged over each other during normal price movement, you get these crisscrossing tracks of price, and the individual breaks can be hard to trace. The range is what matters, ultimately, and the range is dynamic. In that case, the Bollinger Band is a great tool for detecting outliers in this case. The Answer So the answer this indicator seeks to give, is to look for outliers. This gives you a scalping strategy built on Traders Reality thinking and best put together with the PVSRA indicator, which I may include in this indicator just for the sake of concision, but they can work alongside each other or separately. The key thing is the different EMA clouds, which are bollinger bands. Tight bands mean imminent breaks, favouring the trend. Vector candles out of a zone, pins to the low/high, etc. are all very relevant alongside this indicator. You can also use it on its own and scalp the breaks of a cloud. How it works Each cloud is a standard deviation from their respective EMA, all in the same colour. The deviation multiple is 1.618 by default. Yes, fibonacci sequences are usually nonsense, but it works better with the BB than 2, 2.5 or 3. Using just the clouds, you can see where each EMA is headed and how it behaves within the deviation of the others. But that on its own isn't enough. The indicator will also print snowflakes above and below the candle for notable outliers. It will be in the colour of the cloud it breaks, but only if that break is also breaking the smaller EMA clouds too. The most snowflakes will be yellow because that's the 13 EMA. That one is dependent on nothing else and every break will print a snowflake. The 21 will be dependent on the 13. The 50 dependent on the 13 and 21 breaks. The 200 the most important. For example, if the 200 EMA-BB or EBB is broken at the upper band, deviating by more than 162% of price over a 200 period EMA, and that break is not above the 50 EMA cloud, there will be no snowflake. However, if it exceeds the 13, 21, 50, and 200 clouds, then a purple snowflake will appear above the bar. Any snowflake is an extreme in price. The purple is an especially good point of entry. That doesn't mean it is a perfect entry. You can build position from it, though, and be relatively certain of a price correction in the near future, because not only was this major EMA cloud violated, but all of the smaller ones too. Reminder You still need your PVSRA and candlesticks. This indicator on its own may have a nice hit rate for scalping and building position, as an alternative to the TDI or alongside it, but it is not enough on its own, just like the TDI. Enjoy!
Chỉ báo Pine Script®
của mabonyi
2
ScalpyScalpy is made up of a 2 main parts. - The cloud comprising of a 10 period SMA and a 30 period SMA. - When the cloud is green you should be looking for long entries. - When the cloud is red you should be looking for short entries. - Price is most bullish above a green cloud and most bearish below a red cloud. - Being within the cloud indicates indecision. The blue and white lines on the indicator show the relationship between price and momentum. They can be used to spot reversals in two ways: - The first is a divergence between price (blue line) and RSI (white line) - If the price makes a lower low but the RSI makes a higher low this shows the trend is weakening and may be reversing soon (as can be seen by the two yellow lines on the chart). The second is a simple crossover: - When the white line crosses the blue line to the upside this signals a long entry. - When the white line crosses the blue line to the downside this signals a short entry.
Chỉ báo Pine Script®
của kaaiii
10
Hoffman A/D BreakoutStudy based on Rob Hoffman's Accumulation/Distribution Breakout strategy. - Green circle on the top wick indicates a "Distribution" wick - Red circle on the bottom wick indicates an "Accumulation" wick - A distribution wick in an uptrend gets marked as a Key Resistance. This is marked with green crosses - An Accumulation wick in a downtrend gets marked as a Key Support. This is marked with red crosses - Breaking above the Key Resistance indicates a buy entry. This is marked by a green background. - Breaking below the Key Support indicates a sell entry. This is marked by a red background
Chỉ báo Pine Script®
của ParCorn
4
SMC Scalper PRO v6 (Stable Zones Fixed)//@version=6 indicator("SMC Scalper PRO v6 (Stable Zones Fixed)", overlay=true) // ================= INPUTS ================= htf_tf = input.timeframe("60", "HTF Bias Timeframe") ema_len = input.int(50, "HTF EMA Length") rr = input.float(2.0, "Risk Reward", step=0.1) atr_len = input.int(14, "ATR Length") atr_mult = input.float(1.2, "ATR Multiplier", step=0.1) pivot_len = input.int(3, "Swing Length") zone_width_bars = input.int(15, "Zone width (bars)", minval=1) // ================= HTF BIAS ================= htf_close = request.security(syminfo.tickerid, htf_tf, close) htf_ema = request.security(syminfo.tickerid, htf_tf, ta.ema(close, ema_len)) bullBias = htf_close > htf_ema bearBias = htf_close < htf_ema plot(htf_ema, color=color.orange, title="HTF EMA") // ================= SWING STRUCTURE ================= ph = ta.pivothigh(high, pivot_len, pivot_len) pl = ta.pivotlow(low, pivot_len, pivot_len) var float lastHigh = na var float lastLow = na if not na(ph) lastHigh := ph if not na(pl) lastLow := pl // ================= LIQUIDITY SWEEP ================= sweepUp = not na(lastHigh) and high > lastHigh and close < lastHigh sweepDown = not na(lastLow) and low < lastLow and close > lastLow plotshape(sweepUp, location=location.abovebar, color=color.yellow, style=shape.triangleup, size=size.tiny, title="Buy-side Sweep") plotshape(sweepDown, location=location.belowbar, color=color.aqua, style=shape.triangledown, size=size.tiny, title="Sell-side Sweep") // ================= MSS ================= bullMSS = not na(lastHigh) and close > lastHigh bearMSS = not na(lastLow) and close < lastLow // ================= ENTRY CONDITIONS ================= longSignal = bullBias and sweepDown and bullMSS shortSignal = bearBias and sweepUp and bearMSS // ================= RISK ================= atr = ta.atr(atr_len) slBuffer = atr * atr_mult // persistent references for boxes (so we can delete old ones) var box slBox = na var box tpBox = na // function to safely delete a box reference safe_delete_box(ref boxToDelete) => if not na(boxToDelete) box.delete(boxToDelete) // return na so caller can assign na back na else boxToDelete // LONG path if longSignal entry = close sl = low - slBuffer tp = entry + (entry - sl) * rr // delete previous boxes (if any) slBox := safe_delete_box(slBox) tpBox := safe_delete_box(tpBox) // Create SL zone (named params) slBox := box.new( left=bar_index, top=entry, right=bar_index + zone_width_bars, bottom=sl, bgcolor=color.new(color.red, 85), border_color=color.red, extend=extend.right ) // Create TP zone (named params) tpBox := box.new( left=bar_index, top=tp, right=bar_index + zone_width_bars, bottom=entry, bgcolor=color.new(color.green, 85), border_color=color.green, extend=extend.right ) // Labels label.new(x=bar_index, y=entry, text="LONG", style=label.style_label_up, color=color.green, textcolor=color.white) label.new(x=bar_index, y=sl, text="SL\n" + str.tostring(sl, format.mintick), style=label.style_label_down, color=color.red, textcolor=color.white) label.new(x=bar_index, y=tp, text="TP\n" + str.tostring(tp, format.mintick), style=label.style_label_up, color=color.green, textcolor=color.white) // SHORT path if shortSignal entry = close sl = high + slBuffer tp = entry - (sl - entry) * rr // delete previous boxes (if any) slBox := safe_delete_box(slBox) tpBox := safe_delete_box(tpBox) // Create SL zone (named params) slBox := box.new( left=bar_index, top=sl, right=bar_index + zone_width_bars, bottom=entry, bgcolor=color.new(color.red, 85), border_color=color.red, extend=extend.right ) // Create TP zone (named params) tpBox := box.new( left=bar_index, top=entry, right=bar_index + zone_width_bars, bottom=tp, bgcolor=color.new(color.green, 85), border_color=color.green, extend=extend.right ) // Labels label.new(x=bar_index, y=entry, text="SHORT", style=label.style_label_down, color=color.red, textcolor=color.white) label.new(x=bar_index, y=sl, text="SL\n" + str.tostring(sl, format.mintick), style=label.style_label_up, color=color.red, textcolor=color.white) label.new(x=bar_index, y=tp, text="TP\n" + str.tostring(tp, format.mintick), style=label.style_label_down, color=color.green, textcolor=color.white) // ================= ALERTS ================= alertcondition(longSignal, title="SMC LONG", message="SMC Long Signal") alertcondition(shortSignal, title="SMC SHORT", message="SMC Short Signal")
Chỉ báo Pine Script®
của alimansoorfx
Dual Iron Butterfly Analyzer Overview This indicator backtests and analyzes a 0DTE (zero days to expiration) dual iron butterfly options strategy on SPX. It measures how often price stays within profitable ranges from a fixed daily entry time to settlement, calculating expected P/L based on your butterfly structure. The strategy enters at 16:00 CET (10:00 ET) and settles at RTH close (22:00 CET / 16:00 ET), giving approximately 6 hours of exposure per trade. Strategy Structure The dual iron butterfly consists of two overlapping flies centered around the entry price: Fly A (Bearish-Biased) Center strike at Entry Price minus Offset (default: -20 points) Wings extend ±40 points from center Fly B (Bullish-Biased) Center strike at Entry Price plus Offset (default: +20 points) Wings extend ±40 points from center This creates three profit zones: Max Profit Zone: Price settles between the two center strikes (within ±20 points of entry) Both Win Zone: Price settles where both flies remain profitable (within ±40 points) Breakeven Zone: Combined structure breaks even at ±60 points from entry How It Works The indicator captures the entry price at 16:00 CET each trading day and records the settlement price at the following day's first bar. It then calculates: Deviation Analysis Absolute percentage and point deviation from entry to settlement, sorted into customizable buckets to show the probability distribution. P/L Calculation For each fly, the P/L formula is: Credit minus the minimum of (deviation from center) or (wing width). The combined P/L sums both flies. With default settings (29 points credit per fly, $100 multiplier), max profit per day is $3,200 and max loss is $2,200. Drawdown Tracking The indicator tracks cumulative P/L over the lookback period, calculating peak equity, maximum drawdown, and current drawdown to assess strategy risk. What Makes This Different Unlike standard deviation indicators, this tool is purpose-built for options traders analyzing dual iron butterfly viability. It provides: Options-specific P/L calculations based on actual butterfly payoff structure Visual probability distribution with key thresholds marked (breakeven, both-win, max-profit zones) Rolling lookback window that respects your chosen sample size Drawdown metrics essential for position sizing and risk management Features Distribution Table — Shows deviation buckets with cumulative probability Zone Highlighting — Color-coded rows for max profit, both-win, and breakeven thresholds P/L Summary — Total P/L, average per session, win rate, best/worst days Drawdown Section — Max drawdown in dollars and percentage, peak equity, current drawdown Optional Labels — Entry and settlement markers on the chart Configurable Structure — Adjust offset, wing width, and credit to match your actual trades Settings Guide Iron Butterfly Structure Center Offset — Distance from entry price to each fly's center strike (default: 20 points). Larger offset = wider max profit zone but lower probability. Wing Width — Distance from center to outer wings (default: 40 points). Determines max loss per fly and breakeven distance. Net Credit per Fly — Premium received per iron butterfly in SPX points (default: 29). Adjust based on current market conditions and your actual fills. Lookback — Rolling window of trading days to analyze (default: 252 = 1 year). Use 504 for 2 years of data. Distribution Settings Bucket Size — Percentage increment for distribution buckets (default: 0.10%). Smaller = more granular view. Number of Buckets — How many rows to display (default: 20). Display Table Position — Corner placement for the statistics table. Show Entry/Settle Labels — Toggle chart labels marking entry and settlement prices. How to Use Apply to SPX (SPCFD) on an intraday timeframe (1 hour recommended) Set the butterfly parameters to match your intended trade structure Review the Cumul % column to see probability of staying within each deviation level The highlighted BREAKEVEN row shows your probability of profit Use the P/L Summary to evaluate expected returns over your lookback period Monitor the Drawdown section to understand worst-case scenarios for position sizing Interpreting the Table Purple row (MAX PROFIT) — Deviation where both flies achieve maximum profit Green row (BOTH WIN) — Deviation where both flies remain profitable Yellow row (BREAKEVEN) — Combined structure breakeven point Green percentages (≥80%) — High probability levels Orange percentages (60-79%) — Medium probability levels Red percentages (<60%) — Lower probability levels Chart Requirements Symbol: SPX (use SPCFD for extended hours data) Timeframe: Intraday (1h recommended, 30m or lower also works) The chart must include 16:00 CET bars for entry detection Alerts Deviation Exceeds Breakevens — Triggered when settlement exceeds the combined breakeven range Max Profit Zone Hit — Triggered when settlement falls within the max profit zone Limitations Historical analysis only — Past deviation patterns may not predict future behavior Fixed entry time — Does not account for intraday entry timing optimization Credit assumption — Actual premiums vary with VIX, time to expiry, and market conditions No transaction costs — Does not include commissions, fees, or slippage Single contract — Assumes 1 contract per trade with no scaling or compounding Disclaimer This indicator is for educational and research purposes only. It does not constitute financial advice. Past performance does not guarantee future results Options trading involves significant risk of loss The P/L calculations are theoretical based on your input parameters Always paper trade and validate with real market data before risking capital Conduct your own research and consult a financial advisor if needed
Chỉ báo Pine Script®
của luiscaballero
1
Triple SMA Arrow on Third Close Under/Over 150MA 🎯 WHAT THIS INDICATOR DOES This indicator tracks three simple moving averages (50, 150, 200) and generates entry/exit signals based on a strict three-close confirmation system around the 150 SMA. Unlike traditional MA crossover systems that generate frequent whipsaws, this requires sustained price movement before signaling a trade. The 150 SMA acts as your primary trend filter and decision line. Signals only appear after price demonstrates clear commitment to a direction through three progressively higher or lower closes. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ❓ WHY USE THIS INDICATOR Problem: Most moving average indicators generate too many false signals during choppy markets, leading to overtrading and whipsaw losses. Solution: The three-close confirmation requirement filters out noise and ensures you're only entering when momentum is clearly established. This dramatically reduces false signals while catching the moves that matter. Key Benefits: ✓ Confirms trend commitment before signaling trades ✓ Clear visual system - know your position status at a glance ✓ Works across all timeframes (best on daily/4H) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 📈 HOW IT WORKS The 150 SMA is Your Key Decision Line 🟢 ENTRY SIGNAL (Green Arrow Above Bar) Price must close above the 150 SMA three times with each close progressively higher: - Close 1: Above 150 MA - Close 2: Above 150 MA AND higher than Close 1 - Close 3: Above 150 MA AND higher than Close 2 → **ENTRY ARROW APPEARS** 🔴 EXIT SIGNAL (Red Arrow Below Bar) Price must close below the 150 SMA three times with each close progressively lower: - Close 1: Below 150 MA - Close 2: Below 150 MA AND lower than Close 1 - Close 3: Below 150 MA AND lower than Close 2 → **EXIT ARROW APPEARS** Important: The three closes don't need to be consecutive candles. As long as price stays on the same side of the 150 MA and makes progressive movement, the confirmation builds. If price crosses back before completing three closes, the count resets. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ✨ VISUAL FEATURES 📍 Three Moving Averages - 50 SMA (Purple) - Fast trend - 150 SMA (Cyan) - Key decision line (thicker) - 200 SMA (Gray) - Long-term trend - All lines at 60% opacity for clean charts 📍 Entry/Exit Arrows - ENTRY arrows appear above bars with "ENTRY" label - EXIT arrows appear below bars with "EXIT" label - Most recent signal shows exact price level (to 1 decimal) - Optional: Show only the last signal to declutter charts 📍 50/150 Crossover Dots - Green dots mark bullish 50/150 crosses - Red dots mark bearish 50/150 crosses - Hidden from status line by default (can be enabled) 📍 Position Status Box - Top-right corner indicator - "IN POSITION ✓" (green) after ENTRY signal - "OUT OF POSITION" (red) after EXIT signal - Instantly know your trading status ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🎨 CUSTOMIZATION OPTIONS Fully Adjustable: - SMA periods (default: 50, 150, 200) - All line colors and transparency levels - Line widths (150 MA is thicker for emphasis) - Arrow color (white by default) - Toggle status box on/off - Show only last signal (declutter historical arrows) 📋 EXAMPLE SIGNAL SEQUENCE Entry Example: Day 1: Price closes at $45.2 (above 150 MA at $44.8) ✓ Day 3: Price closes at $45.8 (above 150 MA, higher than $45.2) ✓ Day 5: Price closes at $46.3 (above 150 MA, higher than $45.8) ✓ → **ENTRY ARROW** Status Box: "IN POSITION ✓" Exit Example: Day 1: Price closes at $44.1 (below 150 MA at $45.0) ✓ Day 2: Price closes at $43.7 (below 150 MA, lower than $44.1) ✓ Day 4: Price closes at $43.2 (below 150 MA, lower than $43.7) ✓ → **EXIT ARROW** Status Box: "OUT OF POSITION" ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ⚙️ TECHNICAL NOTES - Built with Pine Script v6 - Max labels: 500 (supports long historical data) - Signals never repaint once confirmed - Works on all instruments (stocks, crypto, forex, indices) - No external data sources required - Lightweight and fast execution ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ⚠️ RISK DISCLAIMER This indicator is for educational and informational purposes only. It is not financial advice. Past performance does not guarantee future results. Always: - Conduct your own analysis before trading - Use proper risk management and position sizing - Never risk more than you can afford to lose - Consider consulting a licensed financial advisor Trading involves substantial risk of loss and is not suitable for all investors. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🔔 Updates & Support For questions, feedback, or feature requests, please comment below or message me directly. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Created with Pine Script v6 | © 2026
Chỉ báo Pine Script®
của samnigelmcmahon
LBF Model signals(Madrimov)Here's a professional description for your TradingView indicator: --- LBF model signals **Professional 4-Hour Liquidity Sweep Strategy with Fair Value Gap Entry** ## 📊 Overview This indicator combines institutional trading concepts to identify high-probability LONG setups on the 15-minute timeframe, aligned with 4-hour market structure. The strategy focuses on liquidity sweeps, fair value gaps (FVGs), and trend confirmation for precision entries. --- ## ✨ Key Features ### 🎯 Core Strategy Components 1. **4H Liquidity Detection** - Tracks high and low of each 4-hour candle - Identifies liquidity sweep when price taps and reverses - Clear visual liquidity lines with labels 2. **Fair Value Gap (FVG) Analysis** - Automatic detection of bullish fair value gaps - Visual gap boxes with customizable colors - Smart cleanup when gaps are filled 3. **EMA 100 Trend Filter** 🆕 - Only takes LONG trades above EMA 100 - Prevents entries during strong downtrends - Toggle ON/OFF for flexibility - Customizable period and color 4. **Precise Entry Logic** - Entry on FVG retest after liquidity sweep - Stop loss at liquidity sweep level - Take profit at 3:1 reward-to-risk ratio (customizable) --- ## 📈 Trading Logic **Setup Requirements:** 1. ✅ Sellside liquidity swept (price dips below 4H low, closes above) 2. ✅ 4H candle closes bullish 3. ✅ Price above EMA 100 (optional filter) 4. ✅ Fair value gap forms **Entry Trigger:** - Price retests into the FVG zone **Risk Management:** - **Stop Loss:** Placed at liquidity sweep level - **Take Profit:** Automated 1:3 RR (configurable) - **Risk:** Clearly defined before entry --- ## 🎨 Visual Features ### Clean Chart Display - 📍 4H candle markers (subtle vertical lines) - 🟢 Bullish FVG boxes (green, semi-transparent) - 🔵 Liquidity levels (high/low lines with labels) - 📘 EMA 100 trend line (blue, customizable) ### Entry Signals - **"L"** label = LONG entry signal - **Green "TP ✓"** = Take profit hit - **Red "SL ✗"** = Stop loss hit - **Manual Mode:** Shows "LONG" with full details in tooltip ### 📊 Performance Stats Table Real-time performance tracking displays: - Total signals generated - TP hits (wins) - SL hits (losses) - Active trades - Win rate % - Loss rate % **Fully customizable table position (9 locations)** --- ## ⚙️ Settings & Customization ### Timeframe Lock - Works on **15-minute charts** (recommended) - Optional 4H testing mode ### Trend Filter - ✅ Use EMA 100 filter (ON/OFF) - Customizable EMA length (default: 100) - Show/hide EMA line - Custom EMA color ### Liquidity Settings (Bugatti) - Detection length: 3-13 periods - Show/hide buyside & sellside liquidity - Customizable colors and margins - Visible levels: 1-50 ### Fair Value Gap Settings (Ferrari) - Show/hide FVG boxes - Auto threshold detection - Custom colors for bullish/bearish gaps - Extension length (bars) ### Entry & Risk Settings - Show/hide entry signals - Manual entry mode (for discretionary traders) - Risk-reward ratio: 1:1 to 1:10 - Show/hide SL/TP lines ### Performance Table - Show/hide stats table - 9 position options (corners & middle) ### Visual Settings - Entry, SL, TP color customization - Break of structure lines (optional) --- ## 🎯 Best Use Cases ✅ **Recommended For:** - 15-minute scalping with 4H structure - Trend following strategies - Liquidity-based trading - Backtesting FVG strategies ⚠️ **Note:** - Currently optimized for LONG trades only - Best used in trending or ranging markets - Combines well with higher timeframe analysis --- ## 📚 How to Use 1. **Add to 15-minute chart** (works on any instrument) 2. **Enable EMA 100 filter** to trade with the trend 3. **Wait for liquidity sweep** (sellside liquidity taken) 4. **Entry signal appears** when price retests FVG 5. **Set SL/TP automatically** or use manual mode 6. **Monitor performance stats** in real-time --- ## 🔔 Alerts Built-in alert conditions for: - Bullish entry signals - Liquidity sweep events --- ## 💡 Tips for Success - Use on liquid markets (forex, indices, crypto) - Combine with higher timeframe analysis - Respect the EMA 100 filter in strong trends - Manual mode lets you confirm entries visually - Monitor win rate in the stats table - Adjust RR ratio based on market conditions --- ## 🛠️ Technical Details - **Pine Script v5** - Maximum boxes: 500 - Maximum lines: 500 - Maximum labels: 500 - Optimized for performance - Clean, professional code structure --- ## ⚡ Updates & Support This indicator is actively maintained. Future updates may include: - Additional timeframe options - More filter combinations - Enhanced statistics --- **Disclaimer:** This indicator is for educational purposes. Past performance does not guarantee future results. Always practice proper risk management and test thoroughly before live trading. --- **Tags:** #LiquiditySweep #FairValueGap #FVG #4HourStrategy #LongOnly #EMA #TrendFilter #SmartMoney #InstitutionalTrading #ScalpingStrategy
Chỉ báo Pine Script®
của Madrimov_trade
btall//@version=5 strategy("AR | AlphaEdge Pro (No-Repaint) v1.0", overlay=true, initial_capital=100000, commission_type=strategy.commission.percent, commission_value=0.04, slippage=1, pyramiding=0, calc_on_order_fills=true, calc_on_every_tick=false, process_orders_on_close=true) //━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ // Inputs //━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ grp1 = "Trend + Signals" useHTF = input.bool(true, "Use Higher TF Trend Filter", group=grp1) htf = input.timeframe("240", "Higher Timeframe", group=grp1) htfEmaLen = input.int(200, "HTF EMA Length", minval=1, group=grp1) emaFastLen = input.int(21, "Fast EMA", minval=1, group=grp1) emaSlowLen = input.int(55, "Slow EMA", minval=1, group=grp1) stAtrLen = input.int(10, "Supertrend ATR Length", minval=1, group=grp1) stFactor = input.float(3.0, "Supertrend Factor", minval=0.1, step=0.1, group=grp1) rsiLen = input.int(14, "RSI Length", minval=1, group=grp1) rsiBull = input.int(52, "RSI Bull Threshold", minval=1, maxval=99, group=grp1) rsiBear = input.int(48, "RSI Bear Threshold", minval=1, maxval=99, group=grp1) useVolFilter = input.bool(true, "Use Volume Filter", group=grp1) volLen = input.int(20, "Volume SMA Length", minval=1, group=grp1) volMult = input.float(1.2, "Volume Multiplier", minval=0.1, step=0.1, group=grp1) grp2 = "Risk Management (ATR)" atrLen = input.int(14, "ATR Length", minval=1, group=grp2) slAtrMult = input.float(1.6, "Stop = ATR x", minval=0.1, step=0.1, group=grp2) rr = input.float(2.0, "Risk:Reward (TP)", minval=0.1, step=0.1, group=grp2) useRiskPct = input.bool(true, "Dynamic Position Size by Risk %", group=grp2) riskPct = input.float(1.0, "Risk % of Equity per Trade", minval=0.05, step=0.05, group=grp2) maxPosPct = input.float(20.0, "Max Position % of Equity Cap", minval=1.0, step=1.0, group=grp2) grp3 = "Breakeven + Session" useBE = input.bool(true, "Move Stop to Breakeven", group=grp3) beTriggerATR = input.float(1.0, "Trigger After +ATR x", minval=0.1, step=0.1, group=grp3) beOffsetATR = input.float(0.05, "BE Offset (ATR x)", minval=0.0, step=0.01, group=grp3) useSession = input.bool(false, "Trade Only in Session", group=grp3) sess = input.session("1000-1500", "Session (exchange time)", group=grp3) //━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ // Helper / Filters //━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ inSession = not useSession or not na(time(timeframe.period, sess)) emaFast = ta.ema(close, emaFastLen) emaSlow = ta.ema(close, emaSlowLen) rsi = ta.rsi(close, rsiLen) atr = ta.atr(atrLen) volOk = not useVolFilter or (volume > ta.sma(volume, volLen) * volMult) // Supertrend = ta.supertrend(stFactor, stAtrLen) // stDir: 1 bullish, -1 bearish (TradingView behavior) stBull = stDir == 1 stBear = stDir == -1 // HTF trend (lookahead_off to reduce repaint risk on historical vs realtime behavior) htfEma = request.security(syminfo.tickerid, htf, ta.ema(close, htfEmaLen), barmerge.gaps_off, barmerge.lookahead_off) htfBull = close >= htfEma htfBear = close <= htfEma trendOkLong = not useHTF or htfBull trendOkShort = not useHTF or htfBear //━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ // Entry Conditions (confirmed bar to avoid “intrabar” surprises) //━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ longSignal = barstate.isconfirmed and inSession and trendOkLong and stBull and close > emaFast and emaFast > emaSlow and rsi >= rsiBull and volOk shortSignal = barstate.isconfirmed and inSession and trendOkShort and stBear and close < emaFast and emaFast < emaSlow and rsi <= rsiBear and volOk //━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ // Position sizing by ATR stop distance (approx; works best on stocks/spot) //━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ f_posQty(_stopDist) => // Risk capital = equity * riskPct% riskCapital = strategy.equity * (riskPct / 100.0) // Qty to risk roughly riskCapital if stop hits rawQty = _stopDist > 0 ? (riskCapital / _stopDist) : 0.0 // Cap position size by maxPosPct% of equity maxPositionValue = strategy.equity * (maxPosPct / 100.0) maxQty = close > 0 ? (maxPositionValue / close) : rawQty qty = math.max(0.0, math.min(rawQty, maxQty)) qty stopDist = atr * slAtrMult qty = useRiskPct ? f_posQty(stopDist) : na //━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ // Entries //━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ if (longSignal and strategy.position_size <= 0) strategy.entry("L", strategy.long, qty=useRiskPct ? qty : na) if (shortSignal and strategy.position_size >= 0) strategy.entry("S", strategy.short, qty=useRiskPct ? qty : na) //━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ // Exits (ATR SL/TP + optional Breakeven) //━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ isLong = strategy.position_size > 0 isShort = strategy.position_size < 0 entry = strategy.position_avg_price longSL = entry - stopDist longTP = entry + stopDist * rr shortSL = entry + stopDist shortTP = entry - stopDist * rr // Breakeven logic beTrig = atr * beTriggerATR beOff = atr * beOffsetATR if isLong and useBE // if price moved in our favor enough -> raise stop to entry (+offset) if (close - entry) >= beTrig longSL := math.max(longSL, entry + beOff) if isShort and useBE if (entry - close) >= beTrig shortSL := math.min(shortSL, entry - beOff) // Submit exits every bar so they update dynamically strategy.exit("XL", from_entry="L", stop=longSL, limit=longTP, when=isLong) strategy.exit("XS", from_entry="S", stop=shortSL, limit=shortTP, when=isShort) //━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ // Visuals + Alerts //━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ plot(emaFast, "EMA Fast", linewidth=2) plot(emaSlow, "EMA Slow", linewidth=2) plot(stLine, "Supertrend", linewidth=2) plot(useHTF ? htfEma : na, "HTF EMA", linewidth=2) plotshape(longSignal, title="Long Signal", style=shape.triangleup, location=location.belowbar, size=size.tiny, text="L") plotshape(shortSignal, title="Short Signal", style=shape.triangledown, location=location.abovebar, size=size.tiny, text="S") alertcondition(longSignal, title="AlphaEdge Long", message="AlphaEdge LONG on {{ticker}} @ {{close}}") alertcondition(shortSignal, title="AlphaEdge Short", message="AlphaEdge SHORT on {{ticker}} @ {{close}}")
Chỉ báo Pine Script®
của abooode12a12
Ultra Scalper Pro | ZLSMA + Chandelier Exit# Ultra Scalper Pro | ZLSMA + Chandelier Exit ## 📌 Overview **Ultra Scalper Pro** is an all-in-one scalping indicator that combines the power of **Zero Lag LSMA (ZLSMA)** and **Chandelier Exit** with multiple confirmation filters. Designed for traders who want precise entry signals with clear TP/SL levels, this indicator works on any asset and any timeframe—though it shines brightest on lower timeframes (1m-15m) for scalping. --- ## 🎯 Key Features ### 🔹 Core Indicators | Indicator | Purpose | |-----------|---------| | **ZLSMA (Zero Lag LSMA)** | Minimizes lag in trend detection using double-smoothed Least Squares Moving Average | | **Chandelier Exit** | Dynamic ATR-based trailing stop that identifies trend reversals | ### 🔹 Confirmation Filters (All Toggleable) - **RSI Filter** — Avoid overbought/oversold entries - **Volume Filter** — Ensure sufficient market participation - **EMA Crossover** — Confirm short-term trend direction - **SuperTrend** — Additional trend confirmation - **MACD** — Momentum validation - **Stochastic** — Short-term momentum filter - **Session Filter** — Trade only during preferred market sessions (Asia/Europe/US) ### 🔹 TP/SL System Choose from **4 different modes**: 1. **ATR Based** — Dynamic levels based on market volatility 2. **Fixed %** — Set your own percentage targets 3. **R:R Ratio** — Risk-to-reward based targets 4. **Chandelier Based** — Use Chandelier Exit levels for SL Each mode provides **3 Take Profit levels (TP1, TP2, TP3)** and a **Stop Loss** level, all visualized directly on your chart. --- ## 📊 How It Works ### Entry Logic The indicator generates a **LONG signal** when: - Price crosses above ZLSMA (or is above ZLSMA) - Chandelier Exit flips to bullish (or is already bullish) - All enabled confirmation filters align bullish The indicator generates a **SHORT signal** when: - Price crosses below ZLSMA (or is below ZLSMA) - Chandelier Exit flips to bearish (or is already bearish) - All enabled confirmation filters align bearish ### Signal Strength - **Strong Signal** (Large Triangle) — Both ZLSMA crossover AND Chandelier Exit flip occur simultaneously with high volume - **Normal Signal** (Small Triangle) — Standard entry conditions met --- ## ⚙️ Settings Guide ### General Settings | Setting | Description | |---------|-------------| | Show Entry Signals | Display buy/sell triangles on chart | | Show Labels | Display TP/SL price labels | | Show Background Color | Highlight chart background based on position/trend | | Enable Long/Short Signals | Toggle which direction to trade | ### ZLSMA Settings | Setting | Default | Description | |---------|---------|-------------| | ZLSMA Length | 32 | Lookback period (lower = more responsive, higher = smoother) | | ZLSMA Offset | 0 | Shift the line left/right | ### Chandelier Exit Settings | Setting | Default | Description | |---------|---------|-------------| | ATR Period | 22 | Period for ATR calculation | | ATR Multiplier | 3.0 | Distance from high/low (higher = wider stops) | ### Filter Settings Each filter can be **enabled/disabled** independently. When disabled, that filter is ignored in the entry logic. **Recommended for Scalping (5m):** - ✅ ZLSMA: ON (Length: 32) - ✅ Chandelier Exit: ON (ATR: 22, Mult: 3.0) - ✅ RSI: ON (Period: 14) - ✅ Volume: ON (Period: 20) - ✅ EMA: ON (Fast: 9, Slow: 21) - ⬜ SuperTrend: OFF (optional) - ⬜ MACD: OFF (optional) - ⬜ Stochastic: OFF (optional) ### TP/SL Settings | Mode | Best For | |------|----------| | ATR Based | Volatile markets, adapts to conditions | | Fixed % | Consistent risk management | | R:R Ratio | Traders focused on risk-reward | | Chandelier Based | Trend-following strategies | --- ## 📈 How to Use ### Step 1: Add to Chart Add the indicator to your chart. It works on any symbol (Crypto, Forex, Stocks, Futures). ### Step 2: Configure Filters Enable/disable filters based on your trading style: - **Conservative**: Enable all filters for fewer but higher-quality signals - **Aggressive**: Use only ZLSMA + Chandelier for more frequent signals ### Step 3: Set TP/SL Mode Choose your preferred TP/SL calculation method based on your risk management style. ### Step 4: Watch for Signals - 🟢 **Green Triangle (Below Bar)** = Long Entry - 🔴 **Red Triangle (Above Bar)** = Short Entry - Larger triangles = Stronger signals ### Step 5: Manage Your Trade - Use the displayed TP1, TP2, TP3 levels for partial profit-taking - Use the SL level for your stop loss - Monitor the Info Table for real-time status --- ## 📋 Info Table Explained The indicator displays a real-time information table showing: | Field | Description | |-------|-------------| | ZLSMA | Current ZLSMA trend direction | | Chandelier | Current Chandelier Exit direction | | RSI | Current RSI value and status | | Volume | Whether volume is above/below average | | EMA Cross | Fast EMA vs Slow EMA relationship | | SuperTrend | Current SuperTrend direction | | MACD | MACD line vs Signal line | | Stochastic | Stochastic K vs D relationship | | ATR | Current ATR value | | Position | Current tracked position (if any) | | Entry | Entry price of current position | | P&L | Unrealized profit/loss percentage | --- ## 🔔 Alerts The indicator includes pre-configured alerts: | Alert | Trigger | |-------|---------| | Long Signal | Any long entry signal | | Short Signal | Any short entry signal | | Strong Long | High-confidence long signal | | Strong Short | High-confidence short signal | | CE Buy Signal | Chandelier Exit flips bullish | | CE Sell Signal | Chandelier Exit flips bearish | | ZLSMA Bullish Cross | Price crosses above ZLSMA | | ZLSMA Bearish Cross | Price crosses below ZLSMA | | Any Entry Signal | Either long or short signal | | Any Strong Signal | Either strong long or short | **To set up alerts:** 1. Right-click on the chart 2. Select "Add Alert" 3. Choose "Ultra Scalper Pro" as the condition 4. Select your preferred alert type --- ## 💡 Tips for Best Results ### Timeframe Recommendations | Timeframe | Style | Suggested Settings | |-----------|-------|-------------------| | 1m - 5m | Aggressive Scalping | ZLSMA: 20-32, CE ATR: 14-22 | | 15m - 1H | Moderate Scalping | ZLSMA: 32-50, CE ATR: 22-30 | | 4H - 1D | Swing Trading | ZLSMA: 50-100, CE ATR: 30-50 | ### Filter Combinations - **High Win Rate**: Enable RSI + Volume + EMA filters - **More Signals**: Disable RSI and Stochastic filters - **Trend Following**: Enable SuperTrend + MACD filters ### Risk Management - Always use the SL level provided - Consider taking partial profits at TP1 and TP2 - Let remaining position run to TP3 or use trailing stop --- ## ⚠️ Disclaimer This indicator is a tool to assist your trading decisions, not a guarantee of profits. Always: - Use proper risk management - Never risk more than you can afford to lose - Backtest on your preferred asset before live trading - Combine with your own analysis Past performance does not guarantee future results. Trading involves substantial risk of loss. --- ## 📝 Changelog **v1.0** (Initial Release) - ZLSMA + Chandelier Exit core system - 6 confirmation filters - 4 TP/SL modes - Real-time info table - Session filter - Comprehensive alert system --- ## 🙏 Credits - ZLSMA concept based on Zero Lag Moving Average principles - Chandelier Exit originally developed by Charles Le Beau --- **If you find this indicator helpful, please leave a like and follow for future updates!** *Happy Trading! 🚀*
Chỉ báo Pine Script®
của GODSTARY
SR EMA ORBSR EMA ORB combines your Support/Resistance pivot levels + EMA crossover labels/alerts with an optional Opening Range Breakout (ORB) module that can work on higher timeframes using LTF calculation (via request.security). What it shows 1) Support/Resistance (Pivot based) Plots pivot Resistance (red) and Support (blue). Optional break labels: B for break with volume confirmation (Volume Osc > Threshold) Bull Wick / Bear Wick wick-based breaks 2) EMA Crossovers (visual + alerts) Labels: Up (ST EMA crosses above MT EMA) Down (ST EMA crosses below MT EMA) Buy (MT EMA crosses above LT EMA) Sell (MT EMA crosses below LT EMA) Includes the original alert() messages exactly like your Script 1. 3) ORB (Opening Range Breakout) Builds an opening range for the configured “ORB Window” (default: 10 minutes). After the window ends, it waits for a breakout: Breakout based on Close or EMA Optional breakout buffer % Optional volume filter (uses your Volume Threshold logic) Entry requires retests based on sensitivity: High = 0 retests Medium = 1 retest Low = 2 retests Lowest = 3 retests Shows: ORB High / ORB Low lines (unique colors, bold width) ORB Entry label (ORB) Optional TP1/SL markers (if enabled) 4) Confluence (optional confidence marker) Prints a separate CONF label when: ORB entry happens AND EMA direction agrees (rule selectable) Optional: also require SR break in the same direction 5) RR helper (optional) Draws Entry / SL / TP target lines at 1:2 or 1:3 Trigger can be: ORB Entry Confluence only (recommended) 6) Dashboards (optional) Compact ORB dashboard: current bias + entry + SL Backtest dashboard: trades, wins, losses, win% Timeframe behavior (important) ORB supports these window selections: 1m, 5m, 10m, 15m, 30m, 1h, 1D, 1W, 1M ORB supports these calc TF selections: 1m, 3m, 5m, 10m, 15m, 30m, 1h Mode Auto: uses Native when chart TF is supported, otherwise switches to LTF calculation Native: ORB runs only on supported chart TF; disables otherwise LTF: ORB always calculates on Calc TF (best for 1H/1D chart viewing) Examples (recommended setups) Example 1 — Your main setup (10m ORB on intraday chart) Goal: trade ORB normally with minimal complexity Chart TF: 1m / 3m / 5m ORB: Mode: Auto ORB Window: 10m Calc TF: 10m (or 5m if you want slightly earlier structure) Sensitivity: Medium Breakout Condition: Close TP Method: Dynamic Stop Loss: Balanced Visuals: Draw ORB Lines: ON Entry Labels: ON TP/SL Marks: OFF (keeps chart clean) Example 2 — View ORB on a 1H chart (LTF-on-HTF mode) Goal: see 10m ORB levels/signals while looking at 1H structure Chart TF: 1H ORB: Mode: LTF ORB Window: 10m Calc TF: 5m or 10m Sensitivity: Medium Note: On HTF, multiple LTF events can compress into fewer visible updates (normal with security data). Example 3 — Higher winrate attempt (fewer trades, more filtering) Goal: reduce bad ORB entries ORB: Sensitivity: Low (2 retests) Breakout Buffer %: 0.10 – 0.25 Use Vol Osc Filter: ON Educational Use Only: This script is provided for educational and informational purposes only and is not financial advice—use it at your own risk, as trading involves substantial risk of loss. Confluence: Enable Confluence: ON EMA Rule: Stack (strict) Require SR Break Same Direction: ON (optional, strict) RR: RR Lines: ON RR: 1:3 Trigger: Confluence This usually reduces signals but can improve quality depending on ticker. Example 4 — Conservative risk control (visual RR planning) Goal: only take trades that offer clear RR RR: Show RR Lines: ON RR: 1:2 Trigger: Confluence Result: you only see RR targets when the entry is “higher confidence”. Example 5 — Dashboards only when needed Goal: keep chart clean, but enable quick stats occasionally ORB UI: Show ORB Dashboard: OFF normally Show Backtest Dashboard: ON only during tuning Positions: set to Top Right / Top Center as you prefer Notes on alerts (how to use) Your SR/EMA alerts are built-in alert() calls, so when creating an alert choose: “Any alert() function call” ORB/CONF alerts are alertcondition(), so create alerts selecting: ORB Entry ORB TP1 ORB SL CONF Buy / CONF Sell
Chỉ báo Pine Script®
của chandranewagetrader
Support Resistance EMA Crossovers with ORB and AlertsSR EMA ORB combines your Support/Resistance pivot levels + EMA crossover labels/alerts with an optional Opening Range Breakout (ORB) module that can work on higher timeframes using LTF calculation (via request.security). What it shows 1) Support/Resistance (Pivot based) Plots pivot Resistance (red) and Support (blue). Optional break labels: B for break with volume confirmation (Volume Osc > Threshold) Bull Wick / Bear Wick wick-based breaks 2) EMA Crossovers (visual + alerts) Labels: Up (ST EMA crosses above MT EMA) Down (ST EMA crosses below MT EMA) Buy (MT EMA crosses above LT EMA) Sell (MT EMA crosses below LT EMA) Includes the original alert() messages exactly like your Script 1. 3) ORB (Opening Range Breakout) Builds an opening range for the configured “ORB Window” (default: 10 minutes). After the window ends, it waits for a breakout: Breakout based on Close or EMA Optional breakout buffer % Optional volume filter (uses your Volume Threshold logic) Entry requires retests based on sensitivity: High = 0 retests Medium = 1 retest Low = 2 retests Lowest = 3 retests Shows: ORB High / ORB Low lines (unique colors, bold width) ORB Entry label (ORB) Optional TP1/SL markers (if enabled) 4) Confluence (optional confidence marker) Prints a separate CONF label when: ORB entry happens AND EMA direction agrees (rule selectable) Optional: also require SR break in the same direction 5) RR helper (optional) Draws Entry / SL / TP target lines at 1:2 or 1:3 Trigger can be: ORB Entry Confluence only (recommended) 6) Dashboards (optional) Compact ORB dashboard: current bias + entry + SL Backtest dashboard: trades, wins, losses, win% Timeframe behavior (important) ORB supports these window selections: 1m, 5m, 10m, 15m, 30m, 1h, 1D, 1W, 1M ORB supports these calc TF selections: 1m, 3m, 5m, 10m, 15m, 30m, 1h Mode Auto: uses Native when chart TF is supported, otherwise switches to LTF calculation Native: ORB runs only on supported chart TF; disables otherwise LTF: ORB always calculates on Calc TF (best for 1H/1D chart viewing) Examples (recommended setups) Example 1 — Your main setup (10m ORB on intraday chart) Goal: trade ORB normally with minimal complexity Chart TF: 1m / 3m / 5m ORB: Mode: Auto ORB Window: 10m Calc TF: 10m (or 5m if you want slightly earlier structure) Sensitivity: Medium Breakout Condition: Close TP Method: Dynamic Stop Loss: Balanced Visuals: Draw ORB Lines: ON Entry Labels: ON TP/SL Marks: OFF (keeps chart clean) Example 2 — View ORB on a 1H chart (LTF-on-HTF mode) Goal: see 10m ORB levels/signals while looking at 1H structure Chart TF: 1H ORB: Mode: LTF ORB Window: 10m Calc TF: 5m or 10m Sensitivity: Medium Note: On HTF, multiple LTF events can compress into fewer visible updates (normal with security data). Example 3 — Higher winrate attempt (fewer trades, more filtering) Goal: reduce bad ORB entries ORB: Sensitivity: Low (2 retests) Breakout Buffer %: 0.10 – 0.25 Use Vol Osc Filter: ON Confluence: Enable Confluence: ON EMA Rule: Stack (strict) Require SR Break Same Direction: ON (optional, strict) RR: RR Lines: ON RR: 1:3 Trigger: Confluence This usually reduces signals but can improve quality depending on ticker. Example 4 — Conservative risk control (visual RR planning) Goal: only take trades that offer clear RR RR: Show RR Lines: ON RR: 1:2 Trigger: Confluence Result: you only see RR targets when the entry is “higher confidence”. Example 5 — Dashboards only when needed Goal: keep chart clean, but enable quick stats occasionally ORB UI: Show ORB Dashboard: OFF normally Show Backtest Dashboard: ON only during tuning Positions: set to Top Right / Top Center as you prefer Notes on alerts (how to use) Your SR/EMA alerts are built-in alert() calls, so when creating an alert choose: “Any alert() function call” ORB/CONF alerts are alertcondition(), so create alerts selecting: ORB Entry ORB TP1 ORB SL CONF Buy / CONF Sell Educational Use Only: This script is provided for educational and informational purposes only and is not financial advice—use it at your own risk, as trading involves substantial risk of loss.
Chỉ báo Pine Script®
của chandranewagetrader
FX Momentum Breakout Detector# FX Momentum Breakout Strategy A TradingView Pine Script indicator that detects momentum breakouts in forex pairs and automatically executes trades via SignalStack integration. The strategy uses EMA crossovers, swing structure breaks, and Fibonacci retracement levels for entry, stop loss, and take profit placement. ## Overview This strategy identifies bullish and bearish momentum breakouts by combining: - **EMA (Exponential Moving Average)** for trend direction - **Swing High/Low** structure breaks for entry signals - **Fibonacci retracement levels** for stop loss and take profit - **Volume and time filters** to improve signal quality - **Dynamic position sizing** based on Fibonacci stop distance and risk percentage ### Key Features - ✅ **Automated Order Execution**: Direct integration with SignalStack for hands-free trading - ✅ **Risk-Based Position Sizing**: Automatically calculates lot size based on stop distance and account risk - ✅ **Fibonacci-Based TP/SL**: Uses Fibonacci 0.5 levels for take profit and stop loss - ✅ **Time Window Filter**: Only trades during active market hours (7AM-7PM Japan Time) - ✅ **Volume Filter**: Requires volume above 10-day moving average - ✅ **Single Alert System**: One alert handles both long and short signals ## Strategy Logic ### Entry Conditions **Long (Buy) Signal:** - Price crosses above EMA 20, OR - Price breaks above swing high structure - AND: Minimum 3 consecutive bull bars (strong momentum) - AND: Price is above EMA 20 (if EMA filter enabled) - AND: Volume is above 10-day MA - AND: Time is within 7AM-7PM JST window **Short (Sell) Signal:** - Price crosses below EMA 20, OR - Price breaks below swing low structure - AND: Minimum 3 consecutive bear bars (strong momentum) - AND: Price is below EMA 20 (if EMA filter enabled) - AND: Volume is above 10-day MA - AND: Time is within 7AM-7PM JST window ### Stop Loss & Take Profit - **Long Positions:** - Take Profit: Fibonacci 0.5 level above entry (`fib_up_0_5`) - Stop Loss: Fibonacci 0.5 level below entry (`fib_dn_0_5`) - **Short Positions:** - Take Profit: Fibonacci 0.5 level below entry (`fib_dn_0_5`) - Stop Loss: Fibonacci 0.5 level above entry (`fib_up_0_5`) ### Position Sizing Position size is calculated dynamically based on: 1. **Account Balance**: Your account size in USD (default: $125,000) 2. **Risk Percentage**: Risk per trade (default: 1.0%) 3. **Stop Loss Distance**: Distance from entry to Fibonacci stop level (in pips) **Formula:** ``` Risk in Dollars = Account Balance × (Risk % / 100) Stop Loss (pips) = |Entry Price - Stop Loss Price| / Pip Size Position Size (lots) = Risk $ / (Stop Loss (pips) × $10 per pip per lot) ``` The strategy rounds to 0.01 lot increments (micro lots) for precise position sizing. ## Setup Instructions ### Prerequisites 1. **TradingView Account**: Pro plan or higher (required for webhook alerts) 2. **SignalStack Account**: Active account with connected broker (e.g., OANDA) 3. **SignalStack Webhook URL**: Get this from your SignalStack dashboard ### Step 1: Add Strategy to TradingView 1. Open TradingView and navigate to your chart 2. Click "Pine Editor" (bottom panel) 3. Copy the code from `v2.0_fx_breakout_strategy.md` 4. Paste into Pine Editor 5. Click "Save" and then "Add to Chart" ### Step 2: Configure Strategy Inputs In the strategy settings panel, configure: **Technical Parameters:** - **EMA Length**: Default 20 (trend filter) - **Swing High/Low Lookback**: Default 7 bars - **Min Consecutive Bull/Bear Bars**: Default 3 (momentum requirement) - **Require EMA Filter**: Default `true` (price must be on correct side of EMA) **Risk Management:** - **Account Balance (USD)**: Your account size (default: 125,000) - **Risk Per Trade (%)**: Risk percentage per trade (default: 1.0%) - **ATR Length**: Default 14 (for informational ATR display) **Filters:** - **Volume MA Length**: Default 10 (volume filter period) - **Enable Webhook Alerts**: Set to `true` for automated trading - **Alert Frequency**: `once_per_bar_close` (recommended) - **Asset Label**: Leave empty to use chart symbol, or override if needed ### Step 3: Create TradingView Alert 1. Click the "Alerts" icon (bell) at the top of the chart, or press `Alt+A` (Windows) / `Option+A` (Mac) 2. Click "Create Alert" or the "+" button 3. Select the chart with your strategy **Alert Configuration:** **Condition Tab:** - **Condition**: Select "FX Momentum Breakout Detector" (your strategy name) - **Trigger**: "Once Per Bar Close" (matches strategy setting) - **Expiration**: Set as needed (or leave unlimited) **Notifications Tab:** - **Webhook URL**: Paste your SignalStack webhook URL - **Message**: Leave as default (strategy generates JSON automatically) 4. Save the alert with a descriptive name (e.g., "EURUSD Breakout SignalStack") ### Step 4: Verify SignalStack Connection 1. Check your SignalStack dashboard for incoming webhooks 2. Verify the broker connection is active 3. Test with a paper trading account first For detailed SignalStack setup, see (./SIGNALSTACK_SETUP.md). ## Webhook Payload Format The strategy sends a JSON payload in SignalStack format. Primary fields: ```json { "symbol": "EURUSD", "action": "buy", "quantity": 2.78, "take_profit": 1.0895, "stop_loss": 1.0805, "ticker": "EURUSD", "ticker_id": "OANDA:EURUSD", "base": "EUR", "quote": "USD", "timeframe": "15", "price": 1.0850, "ema20": 1.0820, "range": 0.0050, "breakout_price": 1.0850, "fib_up_0_5": 1.0895, "fib_dn_0_5": 1.0805, "atr_pips": 25.0, "stop_loss_pips": 45.0, "position_size_lots": 2.78, "risk_dollars": 1250.0, "signal": "bullish momentum breakout", "bar_time": "2024-01-15T10:30:00" } ``` **SignalStack Required Fields:** - `symbol`: Trading symbol - `action`: "buy" or "sell" - `quantity`: Position size in lots - `take_profit`: Take profit price - `stop_loss`: Stop loss price ## Testing Use the included test script to verify webhook integration: ```bash # Test both Discord and SignalStack python test_webhook.py # Test Discord only python test_webhook.py --discord # Test SignalStack only python test_webhook.py --signalstack ``` The test script sends sample payloads matching the strategy format and verifies webhook delivery. ## Configuration Examples ### Conservative Setup (Lower Risk) - Account Balance: 125,000 USD - Risk Per Trade: 0.5% - EMA Length: 20 - Min Bull/Bear Bars: 4 - Require EMA Filter: `true` ### Aggressive Setup (Higher Risk) - Account Balance: 125,000 USD - Risk Per Trade: 2.0% - EMA Length: 15 - Min Bull/Bear Bars: 2 - Require EMA Filter: `false` ### Multiple Currency Pairs To trade multiple pairs: 1. Add the strategy to each chart 2. Create a separate alert for each pair 3. Use the same SignalStack webhook URL for all alerts 4. SignalStack routes orders based on the `symbol` field ## Time Window Filter The strategy only trades during **7AM-7PM Japan Time (JST)**, which corresponds to: - **UTC**: 22:00 (previous day) to 10:00 (same day) - This covers the Asian and early European trading sessions To modify the time window, edit the `timeWindowFilter` calculation in the strategy code. ## Position Sizing Examples ### Example 1: EURUSD Long - Account Balance: $125,000 - Risk: 1.0% = $1,250 - Entry Price: 1.0850 - Stop Loss (fib_dn_0_5): 1.0805 - Stop Distance: 45 pips - Position Size: $1,250 / (45 pips × $10) = **2.78 lots** ### Example 2: GBPUSD Short - Account Balance: $125,000 - Risk: 1.0% = $1,250 - Entry Price: 1.2650 - Stop Loss (fib_up_0_5): 1.2700 - Stop Distance: 50 pips - Position Size: $1,250 / (50 pips × $10) = **2.50 lots** ## Troubleshooting ### Alert Not Triggering 1. **Check Strategy Settings:** - Ensure "Enable Webhook Alerts" is `true` - Verify time window (7AM-7PM JST) - Check volume filter (must be above 10-day MA) 2. **Check Alert Settings:** - Verify webhook URL is correct - Ensure alert is active (not expired) - Check alert frequency matches strategy setting ### Webhook Not Received by SignalStack 1. **Verify URL:** - Check SignalStack dashboard for correct webhook URL - Ensure URL is complete (no truncation) 2. **Check Payload Format:** - SignalStack expects `symbol`, `action`, `quantity`, `take_profit`, `stop_loss` - Verify these fields are present in the payload 3. **Test Webhook:** - Use TradingView's "Test Alert" feature - Check SignalStack logs for incoming requests - Run `test_webhook.py` to verify format ### OANDA Authentication Error If you receive a 401 Unauthorized error: 1. **Check OANDA API Token Permissions:** - Log in to OANDA - Go to "My Account" > "My Services" > "Manage API Access" - Ensure token has **Trading** permissions (not just read-only) 2. **Update SignalStack Configuration:** - Go to SignalStack dashboard - Navigate to OANDA broker connection settings - Update API token with a token that has trading permissions - Verify account ID matches your OANDA account For detailed troubleshooting, see (./SIGNALSTACK_SETUP.md). ### Position Size Issues 1. **Check Account Balance Input:** - Verify account balance matches your actual account size - Ensure risk percentage is appropriate (1% recommended) 2. **Verify Stop Loss Calculation:** - Stop loss is based on Fibonacci 0.5 level - Position size automatically adjusts to maintain risk percentage - Check that pip size is correct for your currency pair ## Files - **v2.0_fx_breakout_strategy.md**: Pine Script strategy code - **test_webhook.py**: Python test script for webhook validation - **SIGNALSTACK_SETUP.md**: Detailed SignalStack configuration guide - **design.md**: Strategy design notes and considerations ## Risk Disclaimer ⚠️ **Trading forex involves substantial risk of loss. This strategy is provided for educational purposes only.** - Always test with paper trading before using real funds - Past performance does not guarantee future results - Use appropriate risk management (1-2% risk per trade recommended) - Monitor positions and adjust stop losses as needed - This strategy does not guarantee profits ## Support - **SignalStack Documentation**: Check SignalStack's official docs for webhook requirements - **TradingView Support**: For alert/webhook issues in TradingView - **Strategy Issues**: Review the strategy code comments for configuration options ## License This strategy is provided as-is for personal use. Modify and adapt as needed for your trading requirements.
Chỉ báo Pine Script®
của kevin_stoll
SuperTrend - With Exits & Trade ZonesSuperTrend - With Exits & Trade Zones Overview An advanced trend-following indicator that combines pivot points with the SuperTrend methodology to create a complete trading system with entry signals, exit signals, and visual trade zones. This indicator adapts to market structure rather than just price action, providing more reliable trend identification. What Makes This Unique Unlike standard SuperTrend indicators that use moving averages, this version: Uses actual pivot points to calculate a dynamic center line Provides multiple entry mode options for different trading styles Shows clear exit signals (both trailing stop and take profit) Color-codes the entire chart into trade zones (Long, Short, No Trade) Eliminates guesswork about when to enter, exit, and stay out Features 📊 Core Indicator Components Pivot Point Detection: Identifies local highs and lows in price structure Dynamic Center Line: Weighted calculation using detected pivot points ATR-Based Bands: Volatility-adjusted upper and lower bands Trailing Stop Line: Adaptive stop-loss that follows the trend 🎯 Entry Signals Four entry modes to match your trading style: Immediate Mode ⚡ Signals right when the trailing stop breaks Fastest entries for aggressive traders Best for strong trending markets Aggressive Mode 🔥 (Recommended) Signals when price closes beyond break candle OR opens beyond it Balanced speed and confirmation Good for most market conditions Balanced Mode ⚖️ Requires entire candle to close beyond break level Moderate confirmation Reduces false breakouts Conservative Mode 🛡️ Waits for candle to open AND stay completely beyond break level Highest confirmation, slowest entries Best for choppy markets 🚪 Exit Signals Three exit strategies: Trailing Stop Exits when price crosses back through the trailing stop line Lets profits run in trending markets Protects gains when trend weakens Take Profit % Exits at predetermined profit target Locks in gains at specific percentage Good for range-bound markets Both Uses whichever exit comes first Combines profit protection with trend following Recommended for most traders 🎨 Visual Trade Zones Color-coded backgrounds eliminate confusion: 🟢 Light Green: Active LONG position 🔴 Light Red: Active SHORT position ⚫ Gray: NO TRADE ZONE (between exit and next signal) 📍 Additional Visual Elements Diamond markers: Show when trailing stop is first broken BUY/SELL labels: Clear entry signals in green/red EXIT markers: Gray X for stop loss, Orange X (TP) for take profit Pivot points: Optional display of detected highs/lows (H/L markers) Support/Resistance: Optional circles at pivot levels Settings & Parameters Basic Settings Pivot Point Period (default: 2) Controls sensitivity of pivot detection Lower = more pivots detected (more responsive) Higher = fewer pivots (more stable) ATR Factor (default: 3) Distance multiplier for trailing stop bands Lower = tighter stops (more signals, earlier exits) Higher = wider stops (fewer signals, longer trades) ATR Period (default: 10) Lookback period for volatility calculation Affects how quickly bands adapt to volatility changes Entry Configuration Entry Mode: Select from Immediate/Aggressive/Balanced/Conservative Determines how quickly the indicator generates signals after a trend break Exit Configuration Exit Method: Choose Trailing Stop, Take Profit %, or Both Take Profit % (default: 2%) Set your profit target as percentage of entry price Adjust based on volatility and timeframe Display Options Show Buy/Sell Labels: Toggle entry signal labels Show Exit Signals: Toggle exit markers Show Break Candles: Toggle diamond markers on trend breaks Show Pivot Points: Display H/L markers at pivot points Show PP Center Line: Display the dynamic center line Show Support/Resistance: Display circles at S/R levels How to Use For Swing Traders Set Entry Mode to "Balanced" or "Conservative" Use "Both" exit method with 3-5% take profit Enable all visual elements for complete market picture Trade only in direction of colored zones For Day Traders Set Entry Mode to "Aggressive" or "Immediate" Use "Trailing Stop" exit method to catch intraday trends Lower ATR Factor to 2-2.5 for tighter stops Watch for quick signals in the first 2 hours of trading For Position Traders Use higher timeframes (Daily/Weekly) Set Entry Mode to "Conservative" Increase Take Profit % to 5-10% Use larger ATR Factor (4-5) for wider stops General Trading Rules ✅ DO: Enter on BUY/SELL signals (green/red backgrounds) ✅ DO: Exit on EXIT/TP markers ❌ DON'T: Enter during gray NO TRADE ZONE ❌ DON'T: Counter-trend trade against the colored zone Alerts Set up the following alerts for automated trading notifications: Buy Signal: Triggers when long entry conditions are met Sell Signal: Triggers when short entry conditions are met Exit Long: Triggers when long position should be closed Exit Short: Triggers when short position should be closed Trailing Stop Broken: Triggers on initial trend change Best Practices Timeframe Selection 1-5 min: Scalping (use Immediate/Aggressive mode) 15-60 min: Day trading (use Aggressive/Balanced mode) 4H-Daily: Swing trading (use Balanced/Conservative mode) Weekly: Position trading (use Conservative mode) Risk Management Always use the EXIT signals - don't hold through gray zones Position size based on distance to trailing stop Never risk more than 1-2% per trade Consider wider stops on higher timeframes Market Conditions Trending markets: Use Aggressive mode, Trailing Stop exits Ranging markets: Use Conservative mode, Take Profit exits High volatility: Increase ATR Factor, use Both exits Low volatility: Decrease ATR Factor for tighter stops Technical Details Calculation Method Detect pivot highs and lows using specified period Calculate weighted center line: (previous_center × 2 + new_pivot) / 3 Calculate bands: Upper = Center - (ATR Factor × ATR), Lower = Center + (ATR Factor × ATR) Determine trend based on price position relative to bands Trail stop line follows the active trend direction Signal Logic Entry signals generated based on selected confirmation mode Position tracking maintains state from entry to exit Exit signals calculated from both trailing stop and take profit levels Trade zones update in real-time based on position state Limitations & Considerations Works best in trending markets; may generate false signals in tight ranges Not a holy grail - should be used with proper risk management Past performance does not guarantee future results Recommended to backtest on your specific instrument and timeframe Consider combining with volume analysis or other indicators for confirmation Version History v1.0: Initial release with entry signals and confirmation modes v1.1: Added exit signals (trailing stop and take profit) v1.2: Added color-coded trade zones (Long/Short/No Trade) Credits Original Pivot Point SuperTrend concept by LonesomeTheBlue Modified with exit signals and trade zone visualization License Mozilla Public License 2.0 Example Setups Conservative Swing Trading Pivot Point Period: 2 ATR Factor: 3 ATR Period: 10 Entry Mode: Conservative Exit Method: Both Take Profit %: 4% Aggressive Day Trading Pivot Point Period: 2 ATR Factor: 2.5 ATR Period: 10 Entry Mode: Aggressive Exit Method: Trailing Stop Position Trading Pivot Point Period: 3 ATR Factor: 4 ATR Period: 14 Entry Mode: Balanced Exit Method: Both Take Profit %: 8% Disclaimer: This indicator is for educational purposes only. Trading involves substantial risk. Always do your own research and never trade with money you cannot afford to lose.
Chỉ báo Pine Script®
của Tapaspattanaik
srd786-Intraday VWAP Price Action IndicatorDISCLAIMER This Pine Script indicator does not constitute financial advice; it is just intended for educational and informational purposes. It functions as a tool for technical analysis that could help traders spot possible trading opportunities. It is crucial to remember that participating in financial markets has a number of risks that might result in large losses and are not suitable for all investors. Users are encouraged to conduct their own thorough investigation and analysis prior to using this indicator. Avoiding trading with money that one cannot afford to lose is essential. It is also advised to seek advice from a certified financial expert. Users must use suitable risk management techniques and recognize that past success does not guarantee future outcomes. Any losses, damages, or other consequences resulting from the usage of this indicator are not the author's responsibility. The user is ultimately responsible for all trading decisions, therefore using this tool is at their own risk. INTRODUCTION The “srd786-Intraday VWAP Price Action Indicator” is a sophisticated Pine Script (version 6) trading tool designed for intraday traders who focus on New York session trading hours. This indicator combines multiple technical analysis concepts including Volume Weighted Average Price (VWAP), Average True Range (ATR) for risk management, swing point detection for support/resistance identification, and momentum analysis through RSI. The primary objective is to generate high-probability long and short signals based on price action confluence with trend, momentum, and key structural levels. 1. VWAP (Volume Weighted Average Price): Shows the "fair" average price based on both price and trading volume. 2. ATR (Average True Range): Measures how much the price typically moves each day. 3. Trend Analysis: Identifies whether the market is going up, down, or sideways. 4. Momentum Indicators: Shows how strong the current price movement is. 5. Support & Resistance: Identifies key price levels where the price might stop or reverse. 6. Swing Points: Finds significant turning points in the price. This indicator is specifically optimized for the New York trading session (9:30 AM to 4:00 PM ET), making it particularly suitable for traders who focus on US market hours. It provides a complete trading framework that includes not only signal generation but also precise trade management levels including entry prices, stop-loss orders, and profit targets based on a configurable reward-to-risk ratio. The philosophy behind this indicator is confluence-based trading. Rather than relying on a single indicator or condition, it requires multiple factors to align before generating a trade signal. This approach filters out lower-probability setups and focuses only on high-quality opportunities where price action, trend direction, momentum, and key technical levels all point in the same direction. CORE CONCEPT AND METHODOLOGY Volume Weighted Average Price (VWAP) VWAP is the cornerstone of this indicator's trading methodology. Unlike a simple moving average that treats all price bars equally, VWAP incorporates volume data into its calculation, giving more weight to bars with higher trading volume. This makes VWAP a more accurate representation of the true average price where the most significant trading activity occurred. The calculation of VWAP is performed using the built-in 'ta.vwap()' function, which computes the cumulative volume-weighted average price from the beginning of the session. For intraday traders, VWAP serves as a critical reference point that indicates whether the current price is trading at a premium (above VWAP) or discount (below VWAP) relative to the session's volume-weighted average. In this indicator, the VWAP source is configurable through the 'vwapSource' parameter, with the default being HLC3 (High + Low + Close / 3). This source selection allows traders to experiment with different price types such as typical price, weighted close, or even custom sources to suit their trading style and market preferences. Average True Range (ATR) for Risk Management The Average True Range, calculated using 'ta.atr()', measures market volatility by decomposing the current range of price movement. ATR does not indicate price direction; instead, it quantifies the degree of price movement or volatility over a specified period. In this indicator, ATR serves dual purposes: determining the distance for limit orders and calculating stop-loss levels. The 'atrLength' parameter (default: 14) controls the lookback period for the ATR calculation. A shorter length makes the indicator more responsive to recent volatility, while a longer length provides a smoother average that may be more suitable for less volatile markets. The 'atrMultiplier' (default: 1.5) determines how many ATR units away the stop-loss is placed from the entry price, allowing traders to adjust their risk exposure based on current market conditions. Swing Detection and Support/Resistance Swing points represent significant turning points in price action where the market has temporarily exhausted its directional momentum. This indicator uses pivot high and pivot low calculations to identify swing highs and swing lows, which then form the basis for dynamic support and resistance levels. The 'swingLength' parameter (default: 5) defines how many bars to the left and right of a potential pivot point must be lower (for pivot highs) or higher (for pivot lows) to confirm the swing point. This lookback period helps filter out minor price fluctuations and focuses on more significant structural levels. Support and resistance levels are stored in arrays ('swingHighArray' and 'SwingLowArray'), with the most recent swing points serving as the primary reference levels. The 'srLookback' parameter (default: 20) controls the overall lookback window and also determines how many swing points to maintain in each array, ensuring that only relevant historical levels are considered. Breakout Detection When a price moves past a major support or resistance level, this is known as a price breakout. This price breakout suggests that there is a possibility of a new trend direction heading forward.Breakout detection eliminates noise, as little price fluctuations or volatility may momentarily drive prices past a threshold without authentic conviction.Detection of breakouts affirms robustness when the price above the threshold by 2%, indicating genuine market interest, and mitigates whipsaws to prevent placing trades based on transient price swings. The Breakout Tolerance parameter, set by default to 2%, regulates the breakout tolerance for the indicator. A price closure above the current high plus a minor tolerance buffer (usually 2%) indicates a potential continuation of upward movement, classified as a Bullish Breakout. Conversely, when the price closes below the recent low plus a minor tolerance buffer (usually 2%), it suggests that the price may continue to decline, which is classified as a Bearish Breakout Down. Trend Identification Trend determination is accomplished through an Exponential Moving Average (EMA) with a configurable length ('trendMaLength', default: 9). The indicator classifies trend into three states: BULLISH (price above EMA with confirmation from the previous bar), BEARISH (price below EMA with confirmation), and SIDEWAYS (price crossing or near the EMA). The EMA is chosen over simple moving averages because it responds more quickly to recent price changes while still providing enough smoothing to filter out noise. The confirmation requirement (both current and previous bar must be on the same side of the EMA) reduces false signals during periods of choppy price action. Momentum Analysis Momentum is measured using the Relative Strength Index (RSI) with a configurable length ('momentumLength', default: 9). RSI values are categorized into five states to provide nuanced momentum readings: STRONG BULL (RSI above 70), BUILDING (RSI between 55 and 70), NEUTRAL (RSI between 45 and 55), WEAKENING (RSI below 45), and STRONG BEAR (RSI below 30). This momentum categorization allows traders to distinguish between strong trending conditions (STRONG BULL/BEAR) and transitions (BUILDING/WEAKENING), providing context for trade signals and helping to avoid entering positions during momentum divergences. CONFIGURATION PARAMETERS VWAP Settings The 'vwapSource' parameter determines which price value is used in the VWAP calculation. The default value of 'hlc3' (High + Low + Close / 3) provides a balanced representation of each bar's price action. Traders can modify this to use typical price ('high + low + close / 3'), weighted close ('high + low + close + close / 4'), or other price types depending on their analytical preferences. ATR Settings The 'atrLength' parameter sets the lookback period for the Average True Range calculation. The default of 14 periods is standard across most trading platforms and timeframes, providing a good balance between responsiveness and smoothness. The 'atrMultiplier' parameter (default: 1.5) scales the ATR value to determine stop-loss distances. A multiplier of 1.5 means the stop-loss is placed 1.5 ATR units away from the entry price, providing enough buffer to accommodate normal volatility while limiting risk. Trade Settings The 'rrRatio' parameter (default: 3.0) establishes the reward-to-risk ratio for trade targets. A ratio of 2.0 means the profit target is twice the distance of the stop-loss from the entry price. The 'limitOrderDistance' parameter (default: 0.5) determines how far below (for long trades) or above (for short trades) the current close the limit order is placed, measured in ATR units. This allows traders to enter positions at better prices while waiting for pullbacks. Swing Detection Settings The 'swingLength' parameter (default: 5) controls pivot identification sensitivity. Higher values identify more significant swing points but may miss shorter-term opportunities. The 'showSwings' boolean parameter toggles the visual display of swing high and low points on the chart. Support & Resistance Settings The 'srLookback' parameter (default: 20) defines how many bars back to search for swing points and support/resistance levels. The 'breakoutTolerance' parameter (default: 0.02 or 2%) adds a small buffer to breakout detection to account for minor penetration of support/resistance levels due to price spikes or slippage. Trend & Momentum Settings The 'trendMaLength' parameter (default: 9) sets the EMA length for trend determination, while 'momentumLength' (default: 9) sets the RSI lookback period. Both should be at least 5 periods for meaningful calculations. Table Settings The 'showTable' parameter (default: true) enables the display of two information tables that provide real-time data on Indicator values and trade levels. SIGNAL GENERATION LOGIC Long Signal Conditions A long signal is generated when all the following conditions are simultaneously true: 1. Session Filter: The trade must occur during New York session hours (9:30 AM - 4:00 PM ET). 2. Trend Confirmation: The trend must be BULLISH (price above EMA with confirmation). 3. Price Position: Current price must be above VWAP, indicating bullish price action. 4. Breakout or No Resistance: Either price is breaking out above resistance level with tolerance, or there is no prior resistance level to overcome. 5. Momentum Alignment: Momentum must be either STRONG BULL or BUILDING. This confluence of conditions ensures that long trades are only taken when the market is trending higher, price is confirming strength by trading above VWAP, and momentum is supportive of continued upward movement. Short Signal Conditions A short signal is generated when all the following conditions are simultaneously true: 1. Session Filter: The trade must occur during New York session hours 2. Trend Confirmation: The trend must be BEARISH (price below EMA with confirmation) 3. Price Position: Current price must be below VWAP, indicating bearish price action 4. Breakout or No Support: Either price is breaking down below support level with tolerance, or there is no prior support level to overcome 5. Momentum Alignment: Momentum must be either STRONG BEAR or WEAKENING Similar to long signals, short trades require alignment across multiple timeframes and analytical approaches, filtering out counter-trend trades and focusing on high-probability setups. TRADE MANAGEMENT FRAMEWORK Entry Price Calculation For long trades, the limit order price is calculated as: 'Close - (ATR Value × Limit Order Distance)'. This places the entry price below the current close, allowing traders to buy on dips while maintaining a favorable entry price. For short trades, the limit order is placed above the current close: 'Close + (ATR Value × Limit Order Distance)'. The limit order distance is expressed in ATR units, making it adaptive to current volatility conditions. In more volatile markets, the limit order will be placed further from the current price, while in calmer markets, it will be closer. Stop-Loss Placement Stop-loss levels are calculated using the ATR multiplier to ensure adaptive risk management. For long trades: 'Entry Price - (ATR Value × ATR Multiplier)'. For short trades: 'Entry Price + (ATR Value × ATR Multiplier)'. This adaptive approach to stop-loss placement means that in volatile markets, stops are wider to avoid being stopped out by normal price fluctuations, while in quieter markets, stops are tighter to limit potential losses. The default multiplier of 1.5 provides approximately 1.5 times the average true range of protection. Target Price Calculation Profit targets are determined by the reward-to-risk ratio: 'Entry Price + (ATR Stop Distance × RR Ratio)' for long trades and 'Entry Price - (ATR Stop Distance × RR Ratio)' for short trades. The default ratio of 2.0 means the target is twice the distance of the stop-loss, providing a favorable risk-reward profile. New York Session Tracking The indicator includes specialized logic for tracking the New York session open price. When a new NY session begins (determined by the 'isNewNySession' variable), the current open price is recorded and maintained throughout the session. This provides a reference point for measuring intraday directional bias from the session's starting level. INFORMATION TABLES Indicators Table This table displays the current price, VWAP value, NY session open price, support level,resistance level, ATR, ATR-scaled stop distance, current trend classification, momentum state with RSI value, and breakout status. All values are color-coded based on their bullish or bearish implications. The VWAP cell is color-coded green if price is above VWAP (bullish) and red if below (bearish), providing instant visual confirmation of price's position relative to this critical level. Trade Levels Table This table shows current signal status (LONG, SHORT, or WAIT), limit order distance in ATR units, calculated limit order price, stop-loss level, and target price with the reward-to-risk ratio displayed. The signal cell is highlighted in green for long signals and red for short signals. ALERT CONDITIONS The indicator includes four alert conditions that can be configured in TradingView: 1. LONG Signal: Triggers when a long signal is generated, providing entry price, stop-loss, and target information. 2. SHORT Signal: Triggers when a short signal is generated with corresponding trade details. 3. Breakout Up: Notifies when price breaks out above resistance level. 4. Breakout Down: Notifies when price breaks down below support level. These alerts enable traders to receive notifications via TradingView's alert system without continuously monitoring the charts. USAGE EXAMPLES AND TRADING SCENARIOS Strong Bullish Trend with VWAP Support In this scenario, price has been trading above the 9-period EMA for multiple bars, confirming a bullish trend. The current price is above VWAP, indicating buyers are willing to pay a premium. A recent swing low has established a support level, and RSI is reading 65, indicating building momentum without being overextended. When price breaks above the recent swing high resistance with a 2% tolerance, the indicator generates a long signal. The trader places a limit order below the current bar's close (0.5 ATR units) and sets the stop-loss 1.5 ATR units below the entry, with a target 2.0 times the stop distance away. Short Setup During Volatile Session During a particularly volatile NY session, price gaps down below VWAP early in the day. The 9-period EMA is declining, and both current and previous bars are below it, confirming a bearish trend. The RSI has dropped to 28, indicating strong bearish momentum. A recent swing high serves as resistance, and when price breaks below the swing low support level, the indicator generates a short signal. The trader enters on a limit order placed 0.5 ATR units above the current price, with the stop-loss 1.5 ATR units above the entry and the target at a 2.0 reward-to-risk ratio. Avoiding Counter-Trend Trades Consider a scenario where price is above VWAP and the RSI reads 72 (overbought), but the price is below the 9-period EMA and the previous bar was also below the EMA. In this case, the trend is classified as BEARISH (or SIDEWAYS) despite the bullish price position relative to VWAP. The indicator will not generate a long signal because the trend condition is not met, protecting the trader from what could be a bear trap or continuation pattern. No Prior Levels Scenario At the beginning of a trading session or after significant volatility has cleared prior swing points, there may be no established support or resistance levels in the lookback window. In this case, the breakout condition 'or na(resistanceLevel)' allows long signals to be generated without requiring a resistance level to be broken, enabling traders to participate in emerging trends without waiting for prior levels to form. BEST PRACTICES AND TIPS Timeframe Selection This indicator is optimized for intraday timeframes (1-minute to 60-minute charts) and specifically for NY session trading. Higher timeframes may produce more reliable signals but fewer opportunities, while lower timeframes will generate more signals but with potentially lower reliability. Traders should backtest on their preferred timeframe before trading live. Market Conditions The indicator performs best in trending markets with clear directional bias. During ranging or sideways markets, the trend condition may oscillate frequently, and VWAP may oscillate around price, reducing signal quality. Consider filtering signals or reducing position size during low-volatility, range-bound conditions. Parameter Optimization While the default parameters have been selected for general applicability, traders should consider optimizing certain parameters for specific markets or instruments. For highly volatile instruments like crude oil or natural gas, increasing the 'atrMultiplier' to 2.0 or 2.5 may provide more appropriate risk management. For less volatile instruments like certain forex pairs, reducing the multiplier to 1.0 or 1.2 may improve signal quality. Multiple Timeframe Analysis For enhanced performance, traders can analyze the trend on a higher timeframe (such as 15-minute or hourly) while taking signals on a lower timeframe (such as 5-minute or 1-minute). This multi-timeframe approach ensures that signals are aligned with the larger trend direction. Risk Management While the indicator provides calculated stop-loss levels, traders should consider their overall position sizing and portfolio risk. The ATR-based stops provide a market-adaptive approach, but individual risk tolerance and account size should ultimately determine position sizing. The 2.0 reward-to-risk ratio is fixed but can be adjusted based on personal preferences or the specific characteristics of the instrument being traded. INTEGRATION WITH TRADINGVIEW Adding the Indicator To add this indicator to a TradingView chart, paste the code into the Pine Script editor and click "Add to Chart." The indicator will appear in the chart's sidebar and begin calculating immediately once sufficient historical data is available. Configuring Alerts To set up alerts, right-click on any of the alert conditions in the indicator's settings panel (long signal, short signal, breakout up, or breakout down) and select "Add Alert." Configure the alert frequency and notification methods (push notification, email, webhook, etc.) according to your preferences. Customization All input parameters can be adjusted through the indicator's settings panel without modifying the source code. Traders can experiment with different VWAP sources, ATR lengths and multipliers, swing detection parameters, and table display options to suit their trading style and market preferences. LIMITATIONS AND CONSIDERATIONS Session Dependency The indicator is specifically designed for NY session trading and will not generate signals outside these hours. Traders focused on other sessions or 24-hour markets may need to modify the session string to match their trading hours. Historical Data Requirements The indicator requires sufficient historical data to accurately calculate swing points and support/resistance levels. On lower timeframe charts with limited history, the initial signals may be less reliable until adequate swing points are identified. Lag in Swing Detection By definition, swing points are confirmed after the price has moved away from them, introducing some lag into support/resistance identification. Traders should be aware that the most recent swing point may not be confirmed until several bars after it occurs. Not Financial Advice This indicator is a technical analysis tool and should not be construed as financial advice. Traders are responsible for their own research and risk management decisions. Past performance of any trading system does not guarantee future results. SUMMARY The code follows a logical flow: • Version and Declaration: Pine Script version 6 indicator declaration with overlay enabled • Input Parameters: All user-configurable settings grouped by category • Session Logic: New York session tracking and open price recording • Core Calculations: VWAP, ATR, EMA, RSI, swing points • Support/Resistance Logic: Array-based storage and retrieval of swing levels • Trend and Momentum Classification: Categorization of current market state • Signal Generation: Confluence-based long and short conditions • Trade Level Calculations: Entry, stop-loss, and target pricing • Visual Plots: Hidden plots for alert data access • Information Tables: Real-time display of key values • Alert Conditions: Four configurable alert triggers This structured approach ensures clarity, maintainability, and extensibility for future modifications or enhancements.
Chỉ báo Pine Script®
của srd786