Elder Force Index With ATR Channels [loxx]Elder Force Index With ATR Channels, adaptive from original script by Dr. Alexander Elder
What it does
-EFI is used to sport reversals mainly on the weekly time frame
-When EFI spikes over 3 x ATR calculated on the signal line, price is said to have exhausted and you can start looking for reversals
Features
-Change all inputs
-Truncate EFI at 4 x ATR so as to not squish the indicator
-Open source, use code as you wish. If you use this code, shoot me a line and tell me how you're using it
Tìm kiếm tập lệnh với "reversal"
Institutional OrderBlock Pressure█ OVERVIEW
OrderBlocks are areas where Banks take a Short or Long position. So they create a movement that they would like to hide from us, but luckily for us they cannot. Take the example of Banks opening Short position for x reason. The Trend is already Bearish. The Price will fall and then make a Reversal
(most often to the price where they opened their positions) and it is at this precise moment that they will again resume a Short position twice as
large because for the moment, following this example it is not in their interest that the Price exceeds a certain Price since they are Seller.
As a result they create a solid Resistance (the strongest it is). There are several ways to interpret this logic, we can try to follow the movement of Banks
or on the contrary take advantage of the recovery of the course. Note that not having level 2 and access to the order book from TradingView we can only
make a rough estimate of the "OrderBlocks" through VPOC.
█ HOW TO INTERPRET?
• The Labels displayed by "Red Arrow" and "Green Arrow" represent supposed Bearish or Bullish OrderBlock. Note that you should not in any way interpret these "Arrows" as Signals to Buy or Sell for the reasons mentioned above.
• The OB Line works according to detected OrderBlock Candle. These lines indicate the potential recovery area. (The highlighted lines and candles are white by default).
• It is better to use this indicator on Higher TimeFrame like 2H or 4H.
• You can change the Volume Ratio (here VPOC) which is 89 by default.
• There is a Customization section that allows you to change the colors of the Lines and Candles from White to Black depending on your background color (Light or Dark).
• YES the indicator is Repainting and YES you can have False Alerts since Labels appear in intra-bar!
█ ALERTS
• In fact we don't really need Alerts for the logic of this indicator except maybe to get the Price of the last OB Detected and to keep this price in your Alert History and may use it later. Some improvements will come in future with updates and we have already planned to add Alerts when a "Line Cross" gone occur.
If you notice any bugs or if you have any suggestions, don't be hateful gangs ;)
Happy trading everyone and remember, risk management is the most important!
Break/Reversal/Touch [Intromoto]This script shows the engulfing breaks, touches and potential reversals for when prices arrives at certain time frame closes.
On publishing it shows the crossovers of the 6 hour, Daily, Weekly, and Monthly time frames.
The candle main signals are contingent on crossing over the closing level, and engulfing the previous candle. Secondary signals occur when the candle low or high touch the closing levels, in the directional color, i.e. you'll get a bearish touch signal if the candle high touches the level, and it's a red candle. Reversals occur when the subsequent candle breaks a closing level, but the current candle engulfs the previous candle in the opposing direction.
If a candles low or high hits a daily, weekly, or monthly close level it also will plot a "D/W/M Touch" in the according direction.
Thanks
Peak Reversal v2This is a brand new version of my Peak Reversal indicator. As with the older version, the idea behind this indicator is simple: identify potential price reversal areas, and identifying markets which are trending. In this new version I focused on improving on the old concept, but introduced a bunch of features heavily inspired by Adam Grimes' ideas from The Art and Science of Trading. (I also blatantly stole the way he colors candles outside of the bands. Sorry.)
As you can see below this indicator gives traders a plethora of tools to judge whether a market is trending, and might be mean reverting soon.
Follow me, join my group, like the script. You know the drill.
Basic functions:
You have a triplet of Keltner (ATR-based) bands in Peak Reversal. They are defined by a multiplier and an EMA, which is referred to as "the mean". There's a tight, normal, and an extreme band. The multiplier defines how far apart your bands are. By default the indicator uses 1.125, 2.25, and 3.375. The tight band is off by default, but you can turn it on in the options. The mean is also off by default. This is more a personal preference thing for me, because I happen to use a different indicator to show a couple of moving averages.
Band crosses:
Peak Reversal can indicate whenever price crosses one of the bands. This can help traders identify points where a mean reversal play could be an option. Triangles indicate these crosses. New in version 2 is the ability to choose which of the bands to use to show these crosses. If you are more of an aggressive trader, you might find it better to show tight band crosses. If you are looking for more extreme market conditions, then choose extreme. The default is "normal".
Free bars:
Indicating free bars is also a concept from the book. A "free bar" is one which stands "freely" above the bands, which means its low price is completely outside of the bands. It can be argued that a freely standing bar is an even more extreme mean deviation, than just a band cross. Traders can gain an additional advantage studying the markets this way. Free bars are not shown by default, when on, a star shape on the candles indicates free bars. Both band crosses and free bars can be shown at the same time, but there might be overlap.
Deviations:
Also based on a concept from The Art and Science of Trading, is an indication of price "deviations". You will notice that when a candle "touches" a band (high and close above band), its colored. The idea here is to show traders when a market is in motion, but also when a mean reversal might be coming next. To accomplish this, the more colors deviate, the darker the color is. The idea here is also simple, the more price deviates off the mean, the likelier it is to return to it. This uses three different shades to show these deviations. 1-2 is one shade, 3-4 another, and upwards of 5 there's only the darkest shade. I didn't make extensive studies, which color for how many candles would be appropriate to use, but I do believe it doesn't matter that much in usage. It's clear what traders gain from using this information: more deviation, the likelier a snapback becomes.
Advanced mode:
Last but not least, I decided to add an advanced mode for advanced traders. This does nothing more than flip all colors and shapes upside down. Everything that is red, becomes green. The idea is where some traders say "buy low, sell high" (standard mode), other traders might say "buy high, sell higher" (advanced mode). See for yourself, which one you like better.
The WWG Plan Indicator V2█ OVERALL
This indicator was specifically created for the Walsh Wealth Group.
In short it is a fusion of some of the most basic and widely used indicators to show overbought patterns and trend reversals.
Its best usage is with LTF scalping and agressive profit taking but can also be used to find HTF dips and buy-zones.
█ FEATURES
Buy Signal (Buy):
Printed only with all confirmations triggered
Small Buy Signal (B1 & B2)
Printed if some of the confirmations are triggered and can be treated as DCA entries or for further
confirmation with other indicators and basic TA.
Crayons (Color Bars):
Blue: RSI is oversold
Olive: RSI and Stoch RSI are oversold
Yellow: RSI, Stoch RSI are oversold and lower Bollinger Bands are crossed by Low
Orange: RSI, Stoch RSI and CCI are oversold
Trailing SL:
If activated in the config, a trailing SL can be displayed on the chart based on ATR.
█ SETTINGS
The underlying indicators used are RSI, Stoch RSI, Bollinger Bands, MACD and CCI.
All possible configs can be changed in the config settings.
█ GENERAL INFORMATION
Depending on the settings, the indicator performance will be highly affected.
This indicator is only displaying highly oversold areas and events of trend reversal it is not a *God*-Signal and will print false positives.
█ ALERTS
An alert for the main buy-signal is implemented and can be used via the TV alert functionality.
Trend Reversal Indicator (EMA of slopes)Good morning Traders
Inspirated by lukescream EMA-slope strategy, today I want to share with you this simple indicator whose possible use-case would be for detecting in advance possible trend reversals, specially on higher timeframes.
Once that you've chosen the desired source (RSI, EMA or Stochastic k or d), the indicator will calculate its "slope" approximating its first order derivative by the division between the last variation of the series and its last value.
You can see the slope as a white line by enabling the relative checkmark (it's disabled by default since it simply messes up the the graph)
Then, the slope itself becomes the source for two exponential moving averages: the fast one (in blue) has a period of 20 while the slow one (in red, it becomes similiar to a horizontal line actually) has a period of 500
Why the slope? Since all the sources mentioned before are directly or indirectly calculated on the price action, a more aggressiveness in the price movement would be translated into a more (positive/negative) steepness of those indicator (of course this effect would be far more evident if the indicators are calculated on low periods, but really low periods could compromise the consistency of the signals).
In this way, the slope would mirror the decisiveness of price movements and a comparison between two averages calculated from it (the first one based on more recent values, the second one that conisders also older values) could tell you in advance what direction the market is possibly about to take
The usage is simple: once that the fast moving average crosses upward the slow one, this could be a sign of potential trend reversal from bearish to bullish. On the contrary, if the fast EMA crosses downward the slow one, this could be a sign of potential trend reversal from bullish to bearish.
What I suggest you is to integrate this indicator with Exponential Moving Averages plotted on the price candles, in order to have a general bias for opening long or short positions, and with an oscillator as well such as the Stochastisc RSI in order to detect the overbought/oversold zones for opening/closing positions at the right moment.
Happy Trading!
Breakout & Trend & Scalping (Zeiierman)█ Overview
Breakout & Trend & Scalping (Zeiierman) transforms time, volume, and trend behavior into a unified visual framework for identifying market expansion, compression, and breakout phases. Instead of viewing price as an isolated movement, the indicator reinterprets it as a continuous relationship between time-driven flow, volume displacement, and trend momentum.
The system constructs a hybrid analytical field using OBV-based flow modeling, time–trend alignment, and adaptive candle smoothing, providing a clear and fluid representation of both breakout probability and structural trend strength.
This advanced framework adapts to different market contexts, including intraday scalping, swing-trend validation, and multi-timeframe continuation analysis, revealing how volume and trend energy accumulate before volatility expansion.
⚪ Why This One Is Unique
Unlike conventional breakout or trend indicators that rely solely on price or volatility, this tool integrates time-weighted OBV mechanics, multi-timeframe trend correlation, and volatility-normalized candle transformation.
Its design leverages an adaptive Time–Trend Integration Engine that adjusts dynamically based on the selected timeframe and method. The result is a fluid, self-normalizing view of market rhythm, capturing not only the visible structure of trends but also the hidden buildup of momentum that precedes breakouts.
█ Main Feature: BTS Adaptive Candle System
The BTS Adaptive Candle System unifies time-based and trend-based flow analysis into a single visual model of market behavior. It synchronizes short-term momentum with long-term trend equilibrium, revealing how volume and directional energy evolve across different temporal structures.
The flow is inherently adaptive. During stable phases, it compresses volatility to emphasize directional persistence and trend continuity. When acceleration builds, it expands to highlight breakout potential and the ignition of new momentum.
Green-to-red and (red-to-green) transitions indicate shifts in order-flow dominance, while color intensity reflects the relative strength of participation. The built-in smoothing system filters out random noise while maintaining fast response to emerging direction, making the BTS Candle System equally effective for scalping precision, breakout confirmation, and long-term trend tracking.
█ How to Use
⚪ Trend Trading
Bullish trends appear when candles remain near the top of their range with bright, steady coloration. This structure shows sustained accumulation and consistent trend support. Fading color or mixed tones suggest short pauses or shallow pullbacks within an ongoing uptrend.
Bearish trends form when candles cluster near the lower range and deepen in red intensity, reflecting growing selling pressure. Consistent red sequences mark continued distribution, while lighter tones or brief color shifts often precede corrective bounces within a broader downtrend.
⚪ Trend Change Trading
When a large BTS candle crosses the midline, it often marks a decisive shift in market control. A strong candle breaking above the midline reflects dominant buying flow and the early phase of bullish momentum, often signaling the start of a new upward trend.
Conversely, when a large candle drops below the midline, it shows dominant selling pressure and the potential beginning of a downward cycle.
These midline transitions represent key moments where institutional flow changes direction. A rapid color shift or fading saturation in candles around these areas frequently precedes a trend reversal or volatility breakout, making them powerful confirmation points for both breakout and trend-change strategies.
⚪ Retracement/Pullback Trading
When BTS candles remain green or turn light yellow near the midline, it indicates balanced momentum as price consolidates during a temporary retracement. A renewed shift back to bright green candles from this area often signals the end of the pullback and the continuation of the uptrend.
In a downtrend, when BTS candles shift to light yellow or fade toward the midline, it shows a temporary slowdown in selling pressure as the price retraces upward. A return to deep red candles after this brief balance phase confirms renewed selling momentum and continuation of the prevailing downtrend.
⚪ Breakout Trading
Big candles in the BTS indicate a shift in control. If this occurs around a resistance level, there is a high chance that price will break out upward.
Similarly, if a large downward BTS candle appears near a support level, there is a high chance that a bearish breakout will follow through.
█ How It Works
⚪ Integrated Market Framework
The BTS system merges time, trend, and volatility behavior into a single adaptive flow field. It constantly balances fast and slow market components, maintaining a smooth equilibrium between short-term reactions and long-term structure.
Calculation: Uses normalized scaling and adaptive synchronization to align directional momentum across changing market states.
⚪ Core Trend Engine
At its center, the model interprets how price movement evolves within its volatility range. It tracks shifts in directional energy and transforms them into a stable momentum surface that highlights both trend continuation and turning points.
Calculation: Applies equilibrium-based mapping to sustain consistent directional flow even during market acceleration or compression.
⚪ Volatility Envelope System
The indicator forms a dynamic envelope around price movement, expanding and contracting with the current market speed. These zones reflect where energy concentrates or fades, helping visualize breakout potential and exhaustion levels.
Calculation: Adapts envelope boundaries through volatility-responsive scaling and balanced symmetry control.
⚪ Adaptive Time Modes
Two adaptive modes — Time and Trend — control how the model responds to changing conditions. The system automatically adjusts its responsiveness, allowing it to behave as a fast scalping model or a slow trend tracker without losing structural balance.
Calculation: Dynamically modifies its internal scaling to maintain equilibrium between speed and smoothness across selected timeframes.
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Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Tập lệnh trả phí
MS ReversalsDisplay of a certain type of reversal bars. Reversal formations have to be considered in market context. Basically downward signals in the uptrend are ignored, unless there is an non-correlated inversion setup. Similarly, upside signals in downtrends are ignored until a bullish reversal setup occurs.
Momentum Reversal Indicator (MRI)This is the Beta release of the Momentum Reversal Indicator (MRI), expect an update by the end of year.
The Momentum Reversal Indicator (MRI) is an advanced script for professional traders who have taken the time to learn all its functions. It is a time based indicator that anticipates the ending of trends based on the momentum in price movement. As an important secondary element, MRI also suggests when a trend might be starting or continuing, which a trader can certainly take advantage of. It is useful across all assets and all time frames but is ideal in more liquid assets on Daily & Weekly time frames.
Since this is an Invite Only Script, I will not be making the code public nor explain the math logic of the code here in TradingView. TradingView also limits any external links, but those interested in details or access should be resourceful enough to find all the information they need on my website. However, I will try and explain the usefulness of the MRI indicator with the following images.
MRI will display a downwards red arrow above the candle when the bullish trend is ending and an upwards green arrow above the candle when the bearish trend is ending. The candle before the MRI top/bottom is marked by an orange arrow warning you that the trend might be ending on the next candle. (It's common that the trend ends on the candle before or after this MRI signal, I personally like to use single candlestick reversals for confirmation like Shooting Stars, Hammers and Doji). The orange arrow will disappear if a green or red arrow shows up, but will remain on the chart if on the following candle, the conditions needed to make the MRI signal are not met. See NYSE:UBER chart below:
When the number above the arrow is something other than a 1, it indicates a strong trend and the number represents consecutive instances of hitting that MRI extreme condition. These consecutive instances have been known to cause major changes in trend and the larger the number, the bigger the move might be. Here is a recent example of the daily chart hitting a 3 on the MRI, with the market falling 6.5% in the following 3 days and 10% over the next 3 weeks (you can see this in the image used to publish this script)
The biggest number I have seen is a 5, this occurred on the weekly chart of AMEX:CBOE as it was followed by a 30% correction over the next two weeks.
Following an MRI Top/Bottom there are three different Extensions of trend if the price continues to move in the same direction and does not reverse with the MRI. It’s up to the trader to decide which of the three they find most relevant, for me it’s B & C, and there are settings you can use to remove what you don't care for from display. They have a different but similar rule set which is explained to those serious about the indicator and purchase access, which comes with full explanations in a video. Here is a recent chart of NASDAQ:AMZN for an example:
And here is a weekly chart of NYSE:GM topping on Extension C with the MRI warning (Orange Arrow). Extensions A & B also provided good profit takes after a big run up
These Extensions are particularly useful when they occur on (or right around) an MRI Top/Bottom. Here is an example where it timed the 2018 stock market SPCFD:SPX top perfectly leading directly into an MRI Bottom two weeks later (Also notice how we can show multiple timeframes hitting MRI levels)
In addition to Extensions, an MRI Top/Bottom generates a Resistance/Support line (dotted) and a Breakout Line (solid). The Support/Resistance not only has a tendency to reverse the price but also increases the probability of the MRI leading to a full reversal if the line is not broken. By breaking this dotted line, you increase the probability of entering the Extension of Trend. The Breakout line tends to notify the trader that the trend is very strong and continuing. As an example of Support line, here is a recent 1 hour BITSTAMP:BTCUSD chart
Here is FX_IDC:EURUSD as of today on a daily chart which shows the Extension of trends once these critical support/resistance and breakout lines are taken out.
The indicator also shows you if the MRI is hitting critical levels on higher level time frames. We have set the defaults to Hourly (H), Daily (D), Weekly (W), Monthly (M) and Yearly (Y). You can turn these off in settings and you can also add up to 3 additional custom timeframes of your choice to the display list. When MRI lines up across several time frames it has a history of causing significant moves, here is an example of NSE:TITAN which fell 25% after aligning with the Daily, Weekly and Monthly timeframes for a top.
The recent top in TVC:GOLD came on a Friday which had a Daily Extension B & C top. The following Monday kicked off a weekly MRI Top and a week later was the start of September, which happens to be a Monthly MRI Top. Gold is still trending lower as of today and is down 11% since this top less than 2 months ago.
One final note on the multi-timeframe is that if you have the Hourly (H) set to display on a chart that only has end of day data, the Indicator will not work so make sure to uncheck all timeframes that can't be identified in the settings.
Here are additional charts that show the power of MRI including cryptocurrencies:
Recent 25% crash in BINANCE:BNBBTC
Of course we have to mention BITSTAMP:BTCUSD here is how MRI called the time period around the big crash in March 2020. There was a very timely MRI Top several weeks prior and once the Support line broke, it went right down into a nice MRI Bottom.
Volatility Index Weekly & Daily as of today CBOE:VIX
Here is the current look at the weekly USD chart TVC:DXY you can see how it tops on Extension C in March and seems to have bottomed with the MRI in late August.
One more look at a stock chart, here we have the Weekly NASDAQ:SBUX as of today, it perfectly oscillates between the MRI calls the last two years.
Disclaimer : Trading is risky and using MRI (like any other indicator) does not guarantee positive returns. It does not blindly provide Buy/Sell/Short calls and the trader will need to evaluate every alert.
“The average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn’t even wish to have to think.” - Jesse Livermore
Personal Note: I would like to credit the following people that all lead to the knowledge needed to build the MRI: Larry Williams, Tom DeMark, Tyler Jenks, Martin Armstrong & Kevin O’Dowd (most of whom I have met or interacted with)
Thank you everyone, if this indicator interests you, you know what to do...
Good Luck Trader,
Tone Vays
HPRPThis is High Probability Reversal Pattern indicator. If there is B at candle then long the stock. If there is S at short the stock.
TakeOff Levels/Zones (Expo)TakeOff Levels/Zones (Expo) automatically identifies and displays support and resistance levels based on momentum.
Levels/Zones are displayed where there is a high probability that price can takeoff. Traders should look for breakouts from the Level/Zone.
If the price doesn't breakouts from the SR level/zone there's a chance that the market has topped or bottomed out.
The indicator can be used standalone or as a part of your current trading strategy.
Real-time
No repainting
Works on any market
HOW TO USE
1. Use the indicator to identify where the price can takeoff.
2. Use the indicator to identify potential breakouts.
3. Use the indicator to identify potential reversal points.
INDICATOR IN ACTION
1 min chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
Bollinger Bands Deviation - yo_adriiiiaanBollinger Band Deviations
In theory price trades within 2 standard deviations 95% of the time. This is an attempt to capture that 5% that deviates from the bands.
Useful for taking profit or signaling a reversal.
[VS] ReversalsScript changes the background color and bars colors accordingly to the predicted probability of a trend reversal. A brighter color means higher probability.
Smart Envelope - Running Away From The TrendIntroduction
Envelopes indicators consist in displaying one upper and one lower extremity on the price chart. They are most of the time built by adding/subtracting a volatility estimator (rolling stdev, atr, range...etc) to a central tendency estimator (SMA, EMA, LSMA...etc) . Their interpretation is often subject to debate amongst technical analyst, some will use a support and resistance methodology, where price will start a downtrend once it cross the upper extremity, and a down trend once it cross the lower one. Others will prefer a breakout methodology, where price will reach higher highs once it cross the upper extremity, and lower lows when it cross the lower one. Because of price non stationarity its hard to select the best methodology, the support and resistance one will mostly work on ranging markets, while the breakout methodology mostly work on trending ones.
Therefore new methods where proposed, instead of using moving averages with a high lag, faster filters where used, such as the least squares moving average or zero lag exponential moving average, other band indicators where also created using adaptive filters, but improvements remain relatively low. The most difficult task would be to make extremities with the ability to return accurate support and resistances levels, and today i want to provide a new way to construct such extremities by using the recursive bands framework that allow extremely creative and efficient indicators.
The Main Idea
With classical bands indicators, the upper and lower extremity will still be correlated with the main trend, the problem behind such method is that we can't use a support and resistance methodology with trending markets, the fact that reversals exist tells us that our extremities will always be crossed by the main trend, here is an example :
Here the support is correlated with the main trend, in order for it to be accurate we must assume the trend will go on for ever, and will only detect higher lows, this is what we expect with the orange line, but we can see that a severe down trend totally destroy our plan.
In short we need to give some headroom to our extremities, and thus one extremity can't be correlated with the main trend.
The proposed Indicator
We want to minimize the correlation between the extremities, so if the upper extremity rise, the lower one must fall. This allow to give some headroom and allow the user to anticipate larger movements, this is how bands seeking to give support and resistances points should work.
The indicator has a length setting that control the wideness of the extremities, unlike other indicators low values such as 14 can still create really wide bands, take that into account.
length = 5. Lower length values allow for more motion from the extremities, but does not necessarily involve detecting shorter terms support and resistances levels. The factor setting is not that important, but it allow to return extremities with more motion when high, and really wide bands when below 1 and greater than 0.
Central Tendency Estimator
Something fun with the recursive band framework is that the bands are no longer based on the central tendency estimator but its the central tendency estimator who is based on the bands. The central tendency estimator can also provide support and resistances points with the price, like classical moving averages, altho its lack of motion is this time a downside.
Conclusion
Altho the extremities are more accurate than other band indicators, the problem remain the same, larger trend will always break the extremities and continue creating higher/lower highs/lows, at this point our stop loss would certainly be triggered. This is a huge downsides of contrarian strategy, we sure might anticipate reversals earlier, but we are exposed to larger price movements, therefore the risk is extreme.
But the proposed methodology might still prove useful to develop more robust support and resistances levels based on envelopes indicators.
Thanks for reading !
Lag-Less Rainbow RibbonThis is my polychromatic "Lag-Less Rainbow Ribbon" indicator using Pine Script version 4.0. I'm sure you may noticed by now, this indicator is truly an astounding rainbow to witness upon encountering it initially. It's jaw dropping beauty is the first of it's kind on TV, but will continue to shine here, or on your chart, so long as TV exists. This one isn't disappearing into non-existence any time soon.
It's extremely easy to use having only one input() to control the entire ribbon and it's lag. I couldn't make it any simpler to use, and that's one unique yet powerful feature of this elegant indicator. Another unique characteristic of deploying this in rainbow fashion is it provides very clear indications of when and where a significant reversal has occurred. Afterwards, trend direction following a large reversal is quickly established.
This script uses all 64 of the available plottable series TV will allow currently, so adding features to it may be impossible in the future. Yet the cloud handles it with ease and speed I have never encountered in a ribbon indicator before. The Pine Script in this indicator is highly optimized, coming in at a light weight 120+ lines of code, probably contributing to it's efficiency.
Lastly, with this flagship indicator, I included a multi-color "neon source" line to view close, hl2, etc... Any one of the two indicators may actually be enabled/disabled independently.
In the demonstration chart, you will witness the other color schemes available. I provided multiple color schemes for those of you who may have color blindness vision impairments. You may contact me in private, if these color schemes are not suitable for your diagnosed visual impairment, and you wish to contribute to seeing the color schemes improved along with other future indicators I shall release.
I.P.O.C.S.: "Initial Public Offering Clean Start" proprietary technology. Firstly, many of my other indicators already possess this capability. It allows suitable plotting from day one, minute one of IPO, remedying visually delayed signal analysis. It's basically accurate plotting from the very first bar (bar_index==0) on Tradingview. If you don't know what this is, most people don't, go back to the VERY beginning of any stock on the "All" chart and compare it to other similar indicators. What's so special about this? It is extremely difficult to get a healthy plot from bar_index==0 on any platform. However, I have become exceedingly talented performing this feat in most cases, but not all depending on the algorithm. This indicator is a successful accomplishment implementing IPOCS. It's inherent value is predominantly for IPO traders who in the past have had to wait 20, 50, and 150 bars before they obtain a precise indicator measurement for the simplest of algorithms in order to make a properly informed decision to potentially invest in an asset. How is this achieved? It's a highly protected secret of mine... but I will say I rarely use Pine built-in functions at all. When I do, I use them scarcely due to currently existing Pine language limitations.
Features List Includes:
I.P.O.C.S.(Initial Public Offering Clean Start) Technology
Enable/disable dark background for enhanced visibility
One "Lag Factor" adjustment to adjust them all
Color schemes
"Transparency" control
Independent "Source" options
This is not a freely available indicator, FYI. To witness my Pine poetry in action, properly negotiated requests for unlimited access, per indicator, may ONLY be obtained by direct contact with me using TV's "Private Chats" or by "Message" hidden in my member name above. The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section if you do have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I will implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
Extreme Reversal Setup Price ActionThe extreme reversal setup is a fabulous signal that I've back tested over countless years of data on many
instruments, different timeframes, and using various trade management methodologies. The results have always been highly favorable. Needless to say, this setup remains a key staple of my trading arsenal. The extreme reversal setup is a classic "rubber band" trade. When a rubber band is stretched to its limits and then released, it snaps back in the direction from whence it came. We are looking to trade the snapback reversal with this setup.
The basic setup occurs when an extremely large candle forms that is about twice the size of the average
candlestick. While this candle may indicate that a continuation will be seen, the second bar of the pattern does not confirm a continuation and, instead, is an opposing candle that signals an upcoming reversal. When this occurs, you have a fantastic opportunity to buy below value, or sell at a premium.
The extreme reversal setup looks to capitalize over-extended situations in the market, as responsive buyers and sellers will enter the market to push price back in the opposite direction.
Courtesy : Frank Ochoa.
Iteksignal PRO V1.0Iteksignal PRO V1.0 include more price action patterns that add more Trend Continuation signals and less invalid Reversal signals.
Same sutup rules of Iteksignal Full apply.
A Short Term Trend Line indicator is plotted, Very useful for Trailing Stop.
Chartology Strategy+🔍 Chartology Strategy+
This tool provides a comprehensive way for users to analyze trend levels and access other Matrix features across selected tickers and timeframes. Results can be tailored by strategy, with the option to filter displayed tickers based on custom user‑defined rules.
Bullish & Bearish Entry Signal (Safe & Scalping).
Entry Level, SL, T-SL & Two TP Levels (Based on Possible Movement).
Dashboard Table for Easy Presentation of All Levels.
Timeframe Scanner for Current Signal (Trend) on Different Timeframes.
Gap Up & Gap Down for Untraded Price Marking.
Institutional Candles for High Volume and Big Price Movement.
Neutral Candle for Low Volume and Small Price Movement.
Supply Demand (Based on Swing High & Low).
Mega Trend Band (Based on HMA) for Overall Trend.
🟢 Bullish & Bearish Entry Signals
Shows the expected direction of the symbol. It shows Bullish and Bearish direction mark on Chart. Entry Level is Closing of the Candle.
Input Settings
Signal Type: Safe
Appears after a proper trend confirmation.
Low frequency, fewer signals, but more reliable.
Best for swing traders who want strong confirmation before entering.
Signal Type: Scalping
Appears frequently during small downward moves.
High frequency, quick signals for short-term trades.
Best for intraday
Traders who want multiple opportunities in small movements.
🎯 Entry Level, SL, T-SL & TP Levels
Generated based on price movement and trend range.
Levels on Chart
Entry Level: Closing price of the candle where the signal appears.
SL (Stop Loss): Maximum risk allowed for the trade.
TSL (Trailing SL): Dynamic SL to reduce risk and lock profits.
Level 01: First TP level with 1:1 risk-reward ratio. Used for partial booking.
Level 02: Final TP level for full exit.
Input Settings
Levels: You can Increase or Decrease Level Amount for the Level 2.
Risk: You can Increase or Decrease Stop Loss (SL).
📊 Dashboard Table for Easy Presentation of All Levels.
Displays all key levels and metrics in one place:
Metrics
Symbol Name Shows the name of the current chart (e.g., NIFTY, BANKNIFTY).
Bar Age Displays the How many candles (Bars) before Latest signal appears.
Entry Shows the entry level where the latest bullish or bearish signal was generated.
Level 1 (TP1) First target level, based on 1:1 risk-reward ratio. Used for partial booking to secure profits.
Level 2 (TP2) Final target level where you can exit the remaining position.
SL (Stop Loss) Shows the maximum risk limit for the trade. Helps you control losses.
MTM (Mark to Market) Shows the difference between CMP and Entry Level. Helps track how far price has moved since entry.
P&L (Profit & Loss) Shows the difference between Entry and Target Level achieved. Helps measure actual gain or loss.
Date & Time Displays when the latest bullish or bearish signal was generated. Helps check how old or fresh the signal is.
Timeframe Scanner or Current Signal (Trend) on Different Timeframes. Shows the current signal across multiple timeframes.
Row 1 Fixed signals for 1M and 3M.
Row 2 Any 2 Custom Timeframes chosen in input settings.
Traders use this to confirm signals across different timeframes before entering trades. Example If the Day trend is bullish but the 15M chart shows bearish, many traders avoid that trade.
🚦 Gap Up & Gap Down for Untraded Price Marking.
Marks untraded price zones where price may react.
Gap Up & Down Flag Mark
Gap Up: Bullish Bias, Marked Green flag, plotted when candle opens above previous high.
Gap Down: Bearish Bias, Marked as Red flag, plotted when candle opens below previous low.
Input Settings
Enable / Disable from Chart
Threshold: Minimum gap size Threshold to detect
🟡 Institutional Candles for High Volume and Big Price Movement
Indicate strong price movement with high volume.
Marking
Displayed as Yellow Body Candles
Helps identify zones where big players are active.
Input Settings
Enable / Disable from Chart
Body %: Compare of Open & Close with High & Low
Size %: Compare Total Candle Size from Past Range
Volume %: Compare Total Candle Volume from Past Range
⚪ Neutral Candle for Low Volume and Small Price Movement
Shows low volume and minimal price movement.
Marking
Displayed as Hollow Body Candles
Traders usually avoid trading during these candles.
Input Settings
Enable / Disable from Chart.
Candle %: Compare Size of candles.
Volume %: Compare Volume of Candles from Previous Range.
🟥🟩 Supply Demand Zones (Based on Swing High & Low).
Based on swing highs and lows to identify possible reversals.
Zones
🟥Supply Zone: Near swing high, marked with Light Red Zone.
🟩Demand Zone: Near swing low, marked with Light Green Zone.
Input Settings:
Bars Left: How many past Bars Swing will Calculate.
Bars Right: After How many Bars, Zone will plot.
Max Zones: Number of Supply or Demand Zone want to plot on Chart
Delete Breaked Zones: Want to see Disappeared Zone, Uncheck it.
Extend Right: Want to see till End of the Chart, Uncheck it.
📈 Mega Trend Band (Based on HMA) for Overall Trend
Based on HMA (Hull Moving Average) to show overall trend and Help in Filters out trades against the main trend.
Working
Price above band → Bullish trend
Price below band → Bearish trend
Input Setting
Enable / Disable from Chart
HMA Period Setting: 45
👓 How to Use All together for Better Confidence.
🔍Watch for the New Entry icon on the chart.
Find New Signals with help of Automated Alerts.
Check Entry Level, SL, Level 1 and Level 2 (TP2).
Verify Date & Time → how fresh the signal is. Signal not too old.
🧭 Signal is not Self Sufficient for Good Accuracy. So, we suggest a few rules.
Cross‑Check Current Signal with Timeframe Scanner. Trade only when smaller timeframe aligns with bigger trend. (e.g., If Day = Bullish ▲ but 15M = Bearish ▼, avoid entry. Trend may not be stronger.)
Validate with Market Context of Gap. (e.g., If new signal came on Gap Up / Gap Down, avoid entry. Price may reverse.)
Zone Awareness Use Supply Demand zones to refine entries/exits and avoid false signals. (e.g., Entry: If any zone is available between Entry and Level 01, Avoid trade until Zone breaked, Exit: If Zone create between the trade, modify SL according to T-SL and wait.
Trend Filter of overall direction. (e.g., If Mega Trend Band Bullish and Trend is Bearish, Avoid the Trade.)
🕵🏻 Quick Checklist Before Trade
Bullish or Bearish signal?
Dashboard Table shows fresh entry?
SL defined and acceptable risk?
Timeframe Scanner aligned?
No Neutral candle interference?
Institutional candle or Gap supports move?
Supply/Demand zone not against trade?
✅ All Okay - Go for the ENTRY
Set a Proper Entry Point
Always respect SL, Good Trader Never avoid it.
Book partial profits at Level 1, It secure your Trade.
Keep Modifying your SL, According to T-SL Level.
On Level 2, Exit remaining All position for full profit.
📊 Healthy Trading Tips
Risk Small: Never risk more than 1–2% per trade.
Size Smart: Adjust position size to volatility and account size.
Diversify: Don’t put all money in one asset/sector.
Plan Ahead: Set entry, exit, and stop‑loss before trading.
Trade Less: Focus on quality setups, avoid overtrading.
Use Both Analyses: Combine technical charts with fundamental news/events.
Control Emotions: Stick to strategy, avoid fear/greed.
Journal Trades: Record reasons, outcomes, and lessons.
Stay Informed: Track economic calendars and global events.
Take Breaks: Step away after wins/losses to reset.
🎯 Advanced Discipline
Partial Exit: Book profits in stages (e.g., 50% at 1:1, 50% at Final Level).
Check News: Avoid trading during major announcements.
No Tweaks: Don’t change plan mid‑trade; wait for SL/TP.
Fixed Rules: Trade with fixed risk, fixed gains.
No Averaging Losses: Close bad trades, don’t add more.
Keep Learning: Evolve strategy with market changes.
Believe: Trust your plan and process.
Backtest: Practice setups until they’re second nature.
Daily Routine: Pre‑market Preparation, post‑market review.
Optimize Setup: Clean workspace, fast platform, no distractions.
Track Metrics: Win rate, average reward, expectancy, time of day, setup performance.
Trader Identity: Follow rules; money is a byproduct.
Liquidity Check: Avoid low‑volume instruments.
Respect Trend: Trade with momentum, not against it.
Avoid Over‑Leverage: Keep leverage low, avoid margin unless planned.
Risk Disclaimer
This content, including any tools, software, datafeeds, indicators, or scanners, is provided strictly for charting, educational, informational, and paper‑trading purposes only. It does not constitute investment advice, buy/sell recommendations, or real‑money trading strategies.
Not Advisors: We are not registered as investment advisors or research analysts.
Charting Only: Use is limited to testing strategies and evaluation; any application to real trading is at the user’s sole risk.
No Liability: No liability is accepted for financial loss, trading loss, or damages arising from use of the tools or data.
Data Limitations: Market data may be delayed, inaccurate, or incomplete. Past or hypothetical performance is not indicative of future results.
Signals Disclaimer: Automated signals are for evaluation only and should not be treated as accurate or real trading instructions.
High Risk: Trading and investing involve substantial risk and can result in losses beyond the initial capital.
Independent Judgment: Users must exercise independent judgment and consult licensed professionals before making financial decisions
⚠️ Final Note: Trading is speculative and may not be suitable for all investors. Use only risk capital and never invest money you cannot afford to lose.
✅ Always remember🧠 my 3R Rule💡: If the money💰 is yours then, RISK⚖️, REWARD🏆 and REGRET😔 are solely yours. 🔥
X-Trend reversal (PRO) 👑 X-TREND REVERSAL (PRO): Institutional Order Flow Analysis
Look at the results above. This is not luck. This is mathematics. X-Trend PRO is the flagship algorithm of our ecosystem, engineered for traders who have outgrown standard technical analysis. While the Lite version identifies trends, the PRO version sees where the money is.
Unlike 99% of indicators that focus solely on price action, X-Trend PRO analyzes Market Liquidity and Volume Delta (CVD). We have fused market structure with an X-ray view of institutional activity.
💎 EXCLUSIVE PRO FEATURES:
📊 Volume & CVD Fusion: The indicator detects Cumulative Volume Delta divergences. It warns you of reversals when price is still rising, but buyers have already left the market.
📍 Dynamic POC (Point of Control): Automatically identifies "fair price" levels and institutional accumulation zones. You trade from levels defended by market makers.
🛡 Zero Repaint Guarantee: The signal is locked permanently upon bar close. The history you see is the actual real-time performance of the algorithm.
🧠 Smart Filtering: The system filters out "noise" in ranging markets, generating signals only when Trend, Momentum, and Volume align perfectly.
⚠️ IMPORTANT: SYSTEM SYNERGY
While X-Trend PRO is a powerful standalone tool, the author does not recommend using it in isolation. To achieve the "Sniper Efficiency" shown in the screenshots and to ensure deep market confluence, this tool is engineered to work ideally in synergy with the X-Trend Dashboard PRO. Combining these modules provides the ultimate confirmation system.
🔒 HOW TO GET ACCESS (INVITE-ONLY)
This script is a closed-source proprietary tool. Access is granted exclusively through our official channels.
⛔ NOTE: We do NOT respond to access requests in the comment section below. Please use the links above for instant support and license activation.
BT SpikeBT Spike is a lightweight but highly effective alert engine designed to identify
moments of unusual volatility and volume expansion . These spikes often appear
at the very beginning of major moves, giving traders early insight into:
Momentum ignition
Breakout confirmation
Liquidity shifts
Stop runs & displacement moves
Trend acceleration
High-impact expansions before news or volatility events
Rather than watching charts all day, BT Spike allows traders to receive
instant alerts whenever the market enters an abnormal volatility regime.
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■ What BT Spike Measures
1. ATR Spike
Detects sudden expansion in true range (micro-volatility).
This often marks the beginning of a displacement candle.
2. Volume Spike
Identifies candles where volume exceeds typical market participation.
3. Combined Spike
A powerful signal triggered only when both conditions occur together:
ATR Spike AND Volume Spike
4. Spike Score (0–100)
A normalized measure of spike intensity.
• Higher score → Stronger anomaly
• 90+ → Extreme event (liquidity shifts, stop runs, institutional activity)
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■ Visual Elements
• True Range Line
Shows per-candle volatility relative to baseline ATR.
• Volume Bars (Color-Scaled)
Volume bars turn:
Green for bullish spikes
Red for bearish spikes
Intensity based on Spike Score
Gray during normal activity
This creates a clear volatility heatmap directly in the volume panel.
• Spike Score Histogram
Helps visually identify:
Minor spikes
Major volatility clusters
Extreme anomalies
• Threshold Lines
Yellow = Minor
Orange = Major
Red = Extreme
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■ Why BT Spike Is Useful
Spike-based analysis helps traders:
Catch large moves early
Confirm breakouts and avoid fake ones
Identify when smart money enters the market
Find the start of momentum legs
Monitor many charts with alerts instead of manual watching
A spike is often the first footprint of a meaningful move.
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■ Practical Trading Uses
1. Breakout Confirmation
A breakout with no spike is often weak.
A breakout with a spike is typically genuine and sustained.
2. Reversal Detection
Extreme spike after a sweep often signals a reversal event.
3. Trend Ignition
Spikes frequently occur at the beginning of:
Trend legs
News-driven surges
Momentum continuation moves
4. Divergence With Price
High-volume, high-ATR spikes with little price movement can indicate:
Absorption
Trap conditions
Exhaustion
5. Alert-Driven Market Monitoring
Set alerts for:
ATR Spike
Volume Spike
Combined Spike
Major Spike (Score ≥ threshold)
Extreme Spike (Score ≥ threshold)
This allows traders to walk away while still catching every volatility event.
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■ Spike Score Guide
0–30 → Mild noise
30–60 → Minor shift
60–80 → Strong volatility expansion
80–95 → Major spike (high-impact)
95–100 → Extreme event (institutional presence, sweeps, stop runs)
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■ Final Summary
BT Spike gives traders:
Early detection of volatility expansion
Bull/Bear intensity visualization
Powerful alert automation
A universal signal layer that fits any strategy
Cleaner insight into where major moves originate
BT Spike = Your volatility radar .
It tells you when to look at a chart—before the move happens.
Std Dev Reversal LevelsPlots standard deviation bands around a central mean to identify statistically extreme price levels where reversals are likely.
How It Works
Price statistically tends to stay within predictable ranges around its mean. This indicator plots sigma (σ) levels showing where price becomes statistically extended.
Green lines: Levels above the mean (+1σ to +5σ)
Red lines: Levels below the mean (-1σ to -5σ)
White line: Center/mean (optional)
How To Use
Set timeframe to 1D or 4H
Use Statistical method with 20-30 lookback
Watch for price touching ±3σ levels
Look for reversal confirmation at these extremes
Target the center line for mean reversion plays
Engulfing Detector by RWBTradeLabEngulfing Detector by RWBTradeLab
A clean, non-repainting engulfing pattern detector designed for traders who rely on price action and candle confirmation.
What this indicator does
This script automatically identifies and highlights two types of engulfing patterns on closed candles only:
1. Regular Engulfing (R EG)
* Regular Buy EG: A bullish candle fully engulfs the previous bearish candle’s high.
* Regular Sell EG: A bearish candle fully engulfs the previous bullish candle’s low.
2. E-Regular Engulfing (ER EG)
* Detects “extended” engulfing setups where a strong base candle is followed by 2 or more opposite-color candles and then a confirming engulf close.
* Useful for spotting delayed but powerful reversals.
Visuals on chart
* A rectangle (box) is drawn from the base candle to the confirmation candle.
* Optional text labels appear above/below the box (offset adjustable).
* Separate color controls for:
- Regular Buy / Regular Sell
- E-Regular Buy / E-Regular Sell
Alerts
Built-in alerts trigger only at candle close:
* R Buy EG
* R Sell EG
* ER Buy EG
* ER Sell EG
Each alert includes price and time in the message.
Key settings
* Candle Length: Scans last N closed candles (running candle excluded).
* On/Off toggles: Enable/disable each engulfing type and labels individually.
* Text Offset (%): Controls label distance from the box.
Non-repainting confirmation
All signals and alerts are calculated using confirmed bars only.
No running-bar signals → no repainting.
Best use
Works on any market and timeframe. For higher reliability, combine with:
* Key S/R zones
* Trend direction
* Volume or structure confirmation
Disclaimer:
This indicator is a pattern-detection tool, not financial advice. Trading involves risk; always use proper risk management and confirm signals with your own analysis.
Creator: RWBTradeLab
If you find this useful, please leave a like ⭐ and share your feedback.
RSI HunterConcept and Methodology This indicator is an advanced technical tool that "reverse engineers" J. Welles Wilder’s standard Relative Strength Index (RSI).
While a standard RSI takes price data and outputs an oscillator value (0-100), this script performs the inverse operation. It calculates exactly what Price the current candle must reach to generate a specific RSI value (e.g., RSI 74 or RSI 26). By projecting these price levels onto the chart, traders can visualize Overbought and Oversold zones in real-time, turning the RSI from a lagging confirmation tool into a leading price-target system.
Key Features
1. Multi-Timeframe (MTF) Projection The indicator allows you to map RSI levels from a higher timeframe onto your current chart. For example, you can view the 3-Hour RSI "Overbought" price levels while trading on a 5-minute chart. This creates distinct "stepped" support and resistance lines that remain valid for the duration of the higher timeframe's candle.
2. Dual Zone Logic The script projects two distinct bands of resistance and support:
Inner Zone (Early Warning): Defaults to RSI 69 / 31. This represents the initial threshold of over-extension.
Outer Zone (Extreme): Defaults to RSI 74 / 26. This represents statistical extremes where mean reversion probabilities are higher.
Zone Shading: The area between the Inner and Outer lines is shaded (Red for Resistance, Green for Support) to visually identify the "Reversal Zone."
3. Smart Wick & Rejection Filter (New) This version introduces a robust filtration system designed to reduce false signals during strong trending moves (often referred to as "falling knives").
How it works: The signal logic is Intra-bar Aware. It continuously asks two questions:
Did the price touch the zone? (Did the High/Low breach the Inner line?)
Did the price reject? (Did the candle Close back inside the neutral channel?)
The Result: Signals are generated only when the price tests the level but closes safely back inside the range. This captures both long-tail wick rejections (single bar) and trend reversals, while suppressing signals when the candle closes deep inside the Overbought/Oversold zones.
How to Interpret
Stepped Lines: These are the dynamic resistance (Red) and support (Green) levels based on the selected Timeframe's RSI.
Large Arrows (Deep Red / Lime Green): Triggered when price touches the Outer (Extreme) band and rejects/closes back below the Inner band.
Small Arrows (Standard Red / Green): Triggered when price touches the Inner (Early) band and rejects/closes back, but did not reach the Outer extreme.
Settings & Defaults
RSI Length: 23
Timeframe: 3 Hours (180 minutes)
Targets: 74/26 (Outer) and 69/31 (Inner)
Filter: "Wait for Confirmed Exit" is ON by default.
Disclaimer This tool is for informational and educational purposes only. RSI projections are mathematical calculations based on historical price averages and do not guarantee future market movements. Always use proper risk management.
