Sweep Engulf 2 Candle🔍 Overview:
This script identifies Bullish Engulfing and Bearish Engulfing candlestick patterns on the chart. These formations are widely used in technical analysis to spot potential reversals in price action. The indicator helps traders quickly identify these patterns by marking them directly on the chart with small arrows.
📌 Features:
✅ Bullish Engulfing & Bearish Engulfing Detection
✅ Customizable Display Options (Enable/Disable Bullish or Bearish signals)
✅ Real-Time Alerts (Receive notifications when a pattern is formed)
✅ Optimized Marker Size (Smaller icons for better chart visibility)
📊 How It Works:
1. Bullish Engulfing Condition:
The second candle's low is lower than the first candle's low.
The second candle's close is higher than the first candle's open (if the first candle is bearish) OR higher than the first candle's close (if the first candle is bullish).
2. Bearish Engulfing Condition:
The second candle's high is higher than the first candle's high.
The second candle's close is lower than the first candle's close (if the first candle is bearish) OR lower than the first candle's open (if the first candle is bullish).
⚙️ How to Use:
Add the script to your TradingView chart.
Adjust settings to enable/disable Bullish or Bearish Engulfing patterns.
Enable alerts to receive real-time notifications when a pattern is detected.
Use this indicator to support your technical analysis and trade decisions.
📌 Notes:
This indicator is best used in combination with other technical analysis tools like support & resistance levels, trendlines, or volume analysis.
It works on all timeframes and asset
Phân tích Xu hướng
Advanced Momentum Scanner [QuantAlgo]Introducing the Advanced Momentum Scanner by QuantAlgo , a sophisticated technical indicator that leverages multiple EMA combinations, momentum metrics, and adaptive visualization techniques to provide deep insights into market trends and momentum shifts. It is particularly valuable for those looking to identify high-probability trading and investing opportunities based on trend changes and momentum shifts across any market and timeframe.
🟢 Technical Foundation
The Advanced Momentum Scanner utilizes sophisticated trend analysis techniques to identify market momentum and trend direction. The core strategy employs a multi-layered approach with four different EMA periods:
Ultra-Fast EMA for quick trend changes detection
Fast EMA for short-term trend analysis
Mid EMA for intermediate confirmation
Slow EMA for long-term trend identification
For momentum detection, the indicator implements a Rate of Change (RoC) calculation to measure price momentum over a specified period. It further enhances analysis by incorporating RSI readings, volatility measurements through ATR, and optional volume confirmation. When these elements align, the indicator generates various trading signals based on the selected sensitivity mode.
🟢 Key Features & Signals
1. Multi-Period Trend Identification
The indicator combines multiple EMAs of different lengths to provide comprehensive trend analysis within the same timeframe, displaying the information through color-coded visual elements on the chart.
When an uptrend is detected, chart elements are colored with the bullish theme color (default: green/teal).
Similarly, when a downtrend is detected, chart elements are colored with the bearish theme color (default: red).
During neutral or indecisive periods, chart elements are colored with a neutral gray color, providing clear visual distinction between trending and non-trending market conditions.
This visualization provides immediate insights into underlying trend direction without requiring separate indicators, helping traders and investors quickly identify the market's current state.
2. Trend Strength Information Panel
The trend panel operates in three different sensitivity modes (Conservative, Aggressive, and Balanced), each affecting how the indicator processes and displays market information.
The Conservative mode prioritizes signal reliability over frequency, showing only strong trend movements with high conviction levels.
The Aggressive mode detects early trend changes, providing more frequent signals but potentially more false positives.
The Balanced mode offers a middle ground with moderate signal frequency and reliability.
Regardless of the selected mode, the panel displays:
Current trend direction (UPTREND, DOWNTREND, or NEUTRAL)
Trend strength percentage (0-100%)
Early detection signals when applicable
The active sensitivity mode
This comprehensive approach helps traders and investors:
→ Assess the strength and reliability of current market trends
→ Identify early potential trend changes before full confirmation
→ Make more informed trading and investing decisions based on trend context
3. Customizable Visualization Settings
This indicator offers extensive visual customization options to suit different trading/investing styles and preferences:
Display options:
→ Fully customizable uptrend, downtrend, and neutral colors
→ Color-coded price bars showing trend direction
→ Dynamic gradient bands visualizing potential trend channels
→ Optional background coloring based on trend intensity
→ Adjustable transparency levels for all visual elements
These visualization settings can be fine-tuned through the indicator's interface, allowing traders and investors to create a personalized chart environment that emphasizes the most relevant information for their strategy.
The indicator also features a comprehensive alert system with notifications for:
New trend formations (uptrend, downtrend, neutral)
Early trend change signals
Momentum threshold crossovers
Other significant market conditions
Alerts can be delivered through TradingView's notification system, making it easy to stay informed of important market developments even when you are away from the charts.
🟢 Practical Usage Tips
→ Trend Analysis and Interpretation: The indicator visualizes trend direction and strength directly on the chart through color-coding and the information panel, allowing traders and investors to immediately identify the current market context. This information helps in assessing the potential for continuation or reversal.
→ Signal Generation Strategies: The indicator generates potential trading signals based on trend direction, momentum confirmation, and selected sensitivity mode. Users can choose between Conservative (fewer but more reliable signals), Balanced (moderate approach), or Aggressive (more frequent but potentially less reliable signals).
→ Multi-Period Trend Assessment: Through its layered EMA approach, the indicator enables users to understand trend conditions across different lookback periods within the same timeframe. This helps in identifying the dominant trend and potential turning points.
🟢 Pro Tips
Adjust EMA periods based on your timeframe:
→ Lower values for shorter timeframes and more frequent signals
→ Higher values for higher timeframes and more reliable signals
Fine-tune sensitivity mode based on your trading style:
→ "Conservative" for position trading/long-term investing and fewer false signals
→ "Balanced" for swing trading/medium-term investing with moderate signal frequency
→ "Aggressive" for scalping/day trading and catching early trend changes
Look for confluence between components:
→ Strong trend strength percentage and direction in the information panel
→ Overall market context aligning with the expected direction
Use for multiple trading approaches:
→ Trend following during strong momentum periods
→ Counter-trend trading at band extremes during overextension
→ Early trend change detection with sensitivity adjustments
→ Stop loss placement using dynamic bands
Combine with:
→ Volume indicators like the Volume Delta & Order Block Suite for additional confirmation
→ Support/resistance analysis for strategic entry/exit points
→ Multiple timeframe analysis for broader market context
Volatility Based SMI with Dynamic Bands by QTX Algo SystemsVolatility Based SMI with Dynamic Bands by QTX Algo Systems
Overview
This advanced oscillator redefines the classic Stochastic Momentum Index (SMI) by incorporating adaptive volatility scaling and dynamically tilting its overbought and oversold levels based on market trends. The result is a context-sensitive momentum tool that adjusts its thresholds in real time, helping traders identify potential reversals or trend continuations more effectively.
How It Works
Enhanced SMI Calculation:
The indicator starts by computing a double‐smoothed SMI. Two layers of exponential moving averages—controlled by the “Smoothing K” and “Smoothing D” inputs—are applied to both the relative price range and the overall range (difference between the highest high and lowest low) over a fixed period. This process reduces short-term noise and isolates the underlying momentum.
Adaptive Volatility Scaling:
A normalized volatility measure is derived using a fixed Bollinger Band Width Percentile (BBWP) approach. This volatility metric is used to create an adaptive adjustment factor that scales the SMI, ensuring that the oscillator’s sensitivity reflects current market conditions without being distorted by temporary extremes.
Dynamic Threshold Adjustment:
The indicator then calculates trend strength using a lookback period (set by the “Trend Lookback Period” input) that compares the current price to a volume-weighted moving average (VWMA). This trend strength is used to adjust the base overbought and oversold levels (fixed at 50 and –50) through two mechanisms:
Band Tilt Strengths:
The “Upper Band Tilt Strength” and “Lower Band Tilt Strength” inputs determine how aggressively the respective thresholds are shifted in response to the prevailing trend. In an uptrend, for example, the oversold level is raised more noticeably, while in a downtrend, the overbought level is lowered.
Opposite Band Compression:
The “Opposite Band Compression Strength” input further refines this adjustment by accelerating the contraction of the opposite band during trend reversals, enhancing the indicator’s responsiveness.
How to Use and Input Adjustments
Smoothing K & Smoothing D:
Adjust these to control the degree of smoothing in the SMI calculation. Lower values provide quicker, albeit noisier, responses, while higher values yield smoother signals.
SMI EMA Length:
This sets the sensitivity of the moving average applied to the SMI, affecting how promptly crossover signals are generated.
Trend Lookback Period:
Defines the historical window for assessing trend strength. A longer period gives a more stable trend, while a shorter period increases responsiveness.
Upper/Lower Band Tilt Strength:
These parameters determine how much the overbought and oversold levels shift in response to the market’s trend. Increasing these values results in more pronounced threshold adjustments.
Opposite Band Compression Strength:
This setting influences how quickly the opposite band compresses during trend reversals, thereby fine-tuning the dynamic nature of the oscillator’s thresholds.
What Makes It Proprietary
Traditional SMI indicators typically rely on fixed thresholds for overbought and oversold conditions. Our approach is proprietary because it seamlessly integrates adaptive volatility scaling with dynamic, trend-based threshold adjustments. This fusion produces an oscillator that is acutely sensitive to current market conditions, offering a more nuanced and context-aware view of momentum that stands apart from conventional methods.
How to Use
Monitor the oscillator for crossovers between the SMI and its EMA, which serve as potential signals for reversals or confirmations of trend continuation. Fine-tune the input parameters to match your market conditions and trading style, and use the dynamically adjusted thresholds in conjunction with other technical analysis tools to refine your entry and exit decisions.
Disclaimer
This indicator is for educational purposes only and is intended to support your trading strategy. It does not guarantee performance, and past results are not indicative of future outcomes. Always use proper risk management and perform your own analysis before trading.
15-Minute ORB by @RhinoTradezOverview
Hey traders, ready to jump on the morning breakout train? The 15-Minute ORB by @RhinoTradez
is your go-to pal for rocking the Opening Range Breakout (ORB) scene, zeroing in on the first 15 minutes of the U.S. market day—9:30 to 9:45 AM Eastern Time. Picture this: sleek orange lines mark the high and low of that opening rush, but they only hang out during regular trading hours (9:30 AM-4:00 PM ET) and reset fresh each day—no old baggage here! Built in Pine Script v6 for that cutting-edge feel, it’s loaded with breakout signals and alerts to keep your trading game strong—ideal for SPY, QQQ, or any ticker you love.
Crafted by @RhinoTradez
to fuel your daily grind—let’s hit those breakouts running!
What It Does
The ORB strategy is all about that early market spark: the 9:30-9:45 AM range sets the battlefield, and breakouts signal the charge. Here’s the rundown:
Captures the Range : Snags the high and low from the 9:30-9:45 AM ET candle—U.S. market kickoff, locked in.
Daily Refresh : Wipes yesterday’s lines at 9:30 AM ET each day—today’s all that matters.
Regular Hours Focus : Orange lines shine from 9:45 AM to 4:00 PM ET, vanishing outside those hours.
Breakout Signals : Green triangles for upside breaks, red for downside, all within regular hours.
Alerts You : Chimes in with “Price broke above 15-min ORB High: 597” (or below the low) when the move hits.
It’s your morning breakout blueprint—simple, focused, and trader-ready.
Functionality Breakdown:
15-Minute ORB Snap:
Locks the high and low of the 9:30-9:45 AM ET candle on a 15-minute chart (EST/EDT auto-adjusted).
Resets daily at 9:30 AM ET—yesterday’s range is outta here.
Regular Hours Only:
Lines glow from 9:45 AM to 4:00 PM ET, keeping pre-market and after-hours clean.
Breakout Flags:
Marks price busting above the ORB high (green triangle below bar) or below the low (red triangle above), only during 9:30 AM-4:00 PM.
Alert Action:
Drops a custom alert with the breakout price (e.g., “Price broke below 15-min ORB Low: 594”)—stay in the know, hands-free.
Customization Options
Keep it chill with one slick tweak:
ORB Line Color : Starts at orange—vibrant and trader-cool! Flip it to blue, purple, or any shade you dig in the settings. Make it yours.
How to Use It
Pop It On: Add it to a 15-minute chart—SPY, QQQ, or your hot pick works like a dream.
Time It Right: Set your chart to “America/New_York” time (Chart Settings > Time Zone) to sync with 9:30 AM ET.
Choose Your Color: Dive into the indicator settings and pick your ORB line color—orange kicks it off, but you’re in charge.
Set Alerts: Right-click the indicator, add an alert with “Any alert() function call,” and catch breakouts live.
Ride the Wave: Green triangle? Upward vibe. Red? Downside alert. Mix with volume or candles for extra punch.
Pro Tips
15-Minute Only : Tailored for that 9:30-9:45 AM ET candle—other timeframes won’t sync up.
Daily Reset : Lines refresh at 9:30 AM ET—always today’s play.
Breakout Boost : High volume or RSI can seal the deal on those triangle signals.
No Clutter : Lines stick to 9:30 AM-4:00 PM ET—your chart stays tidy.
Brought to you by @RhinoTradez
in Pine Script v6, this ORB script’s your morning breakout wingman. Slap it on, pick a color, and let’s chase those moves together! Happy trading!
Volatility Based Momentum with MTF Screener by QTX Algo SystemsVolatility Based Momentum with MTF Screener by QTX Algo Systems
Overview
This indicator builds on our original Volatility Based Momentum tool by integrating a Multi Time Frame (MTF) Screener that provides real-time, cross-market momentum analysis. It dynamically adjusts momentum signals using adaptive volatility measurements, ensuring that signals reflect true market strength across various timeframes and assets.
How It Works
Core Momentum Analysis:
The indicator uses a double‐smoothed SMI combined with a Price – Moving Average Ratio (PMARP) to assess short-term momentum. These metrics filter out noise and generate per-candle signals based on sustained market energy.
Adaptive Volatility Measurement:
An adaptive volatility factor—derived from a Bollinger Band Width Percentile (BBWP) calculation—scales the momentum readings, ensuring that only strong signals in a sufficiently volatile market are considered.
MTF Screener Integration:
The MTF Screener scans multiple timeframes simultaneously, confirming that a momentum signal is consistent across different market views. This extra layer of screening reduces false signals and helps ensure that the detected momentum is robust and reliable.
Real-Time Visual Feedback:
Dynamic visual cues, such as color changes and signal markers, indicate when the momentum and volatility align, providing a clear, actionable overview.
Why It’s Different and Valuable
This indicator isn’t just a simple overlay of standard momentum and volatility measures—it’s a multi-layered system that verifies signals across multiple timeframes. The integrated MTF Screener provides broader context and cross-validation, making it a more dependable tool for confirming trend strength. This level of depth in analysis offers enhanced clarity and helps traders make more confident decisions compared to using conventional indicators in isolation.
How to Use
Review Per-Candle Signals: Observe the momentum signals generated on your chart and note when they are confirmed by the adaptive volatility measure.
Cross-Check with MTF Screener: Ensure that signals appear consistently across multiple timeframes before taking action.
Adjust Settings for Your Style: Customize the volatility threshold, and MTF settings to match your specific trading approach.
Integrate with Your Strategy: Use the insights from this indicator alongside other analysis tools to optimize your entry and exit points.
Disclaimer
This indicator is for educational purposes only and is intended to support your trading strategy. It does not guarantee performance, and past results are not indicative of future outcomes. Always apply proper risk management and conduct your own analysis before trading.
Multiple AVWAP [OmegaTools]The Multiple AVWAP indicator is a sophisticated trading tool designed for professional traders who require precision in volume-weighted price tracking. This indicator allows for the deployment of multiple Anchored Volume Weighted Average Price (AVWAP) calculations simultaneously, offering deep insights into price movements, dynamic support and resistance levels, and trend structures across multiple timeframes.
This indicator caters to both institutional and retail traders by integrating flexible anchoring methods, multi-timeframe adaptability, and enhanced visualization features. It also includes deviation bands for statistical analysis, making it a comprehensive volume-based trading solution.
Key Features & Functionalities
1. Multiple AVWAP Configurations
Users can configure up to four distinct AVWAP calculations to track different market conditions.
Supports various anchoring methods:
Fixed: A traditional AVWAP that starts from a defined historical point.
Perpetual: A rolling VWAP that continuously adjusts over time.
Extension: An extension-based AVWAP that projects from past calculations.
High Volume: Anchors AVWAP to the highest volume bar within a specified period.
None: Option to disable AVWAP calculation if not required.
2. Advanced Deviation Bands
Implements standard deviation bands (1st and 2nd deviation) to provide a statistical measure of price dispersion from the AVWAP.
Serves as a dynamic method for identifying overbought and oversold conditions relative to VWAP pricing.
Deviation bands are customizable in terms of visibility, color, and transparency.
3. Multi-Timeframe Support
Users can assign different timeframes to each AVWAP calculation for macro and micro analysis.
Helps in identifying long-term institutional trading levels alongside short-term intraday trends.
4. Z-Score Normalization Mode
Option to standardize oscillator values based on AVWAP deviations.
Converts price movements into a statistical Z-score, allowing traders to measure price strength in a normalized range.
Helps in detecting extreme price dislocations and mean-reversion opportunities.
5. Customizable Visual & Aesthetic Settings
Fully customizable line colors, transparency, and thickness to enhance clarity.
Users can modify AVWAP and deviation band colors to distinguish between different levels.
Configurable display options to match personal trading preferences.
6. Oscillator Mode for Trend & Momentum Analysis
The indicator converts price deviations into an oscillator format, displaying AVWAP strength and weakness dynamically.
This provides traders with a momentum-based perspective on volume-weighted price movements.
User Guide & Implementation
1. Configuring AVWAPs for Optimal Use
Choose the mode for each AVWAP instance:
Fixed (set historical point)
Perpetual (rolling, continuously updated AVWAP)
Extension (projection from past AVWAP levels)
High Volume (anchored to highest volume bar)
None (disables the AVWAP line)
Adjust the length settings to fine-tune calculation sensitivity.
2. Utilizing Deviation Bands for Market Context
Activate deviation bands to see statistical boundaries of price action.
Monitor +1 / -1 and +2 / -2 standard deviation levels for extended price movements.
Consider price action outside of deviation bands as potential mean-reversion signals.
3. Multi-Timeframe Analysis for Institutional-Level Insights
Assign different timeframes to each AVWAP to compare:
Daily VWAP (institutional trading levels)
Weekly VWAP (swing trading trends)
Intraday VWAPs (short-term momentum shifts)
Helps identify where institutional liquidity is positioned relative to price.
4. Activating the Oscillator for Momentum & Bias Confirmation
The oscillator converts AVWAP deviations into a normalized value.
Use overbought/oversold levels to determine strength and potential reversals.
Combine with other indicators (RSI, MACD) for confluence-based trading decisions.
Trading Applications & Strategies
5. Trend Confirmation & Institutional VWAP Tracking
If price consistently holds above the primary AVWAP, it signals a bullish trend.
If price remains below AVWAP, it indicates selling pressure and a bearish trend.
Monitor retests of AVWAP levels for potential trend continuation or reversal.
6. Dynamic Support & Resistance Levels
AVWAP lines act as dynamic floating support and resistance zones.
Price bouncing off AVWAP suggests continuation, whereas breakdowns indicate a shift in momentum.
Look for confluence with high-volume zones for stronger trade signals.
7. Mean Reversion & Statistical Edge Trading
Prices that deviate beyond +2 or -2 standard deviations often revert toward AVWAP.
Mean reversion traders can fade extended moves and target AVWAP re-tests.
Helps in identifying exhaustion points in trending markets.
8. Institutional Liquidity & Volume Footprints
Institutions often execute large trades near VWAP zones, causing price reactions.
Tracking multi-timeframe AVWAP levels allows traders to anticipate key liquidity areas.
Use higher timeframe AVWAPs as macro support/resistance for swing trading setups.
9. Enhancing Momentum Trading with AVWAP Oscillator
The oscillator provides a momentum-based measure of AVWAP deviations.
Helps in confirming entry and exit timing for trend-following trades.
Useful for pairing with stochastic oscillators, MACD, or RSI to validate trade decisions.
Best Practices & Trading Tips
Use in Conjunction with Volume Analysis: Combine with volume profiles, OBV, or CVD for increased accuracy.
Adjust Timeframes Based on Trading Style: Scalpers can focus on short-term AVWAP, while swing traders benefit from weekly/daily AVWAP tracking.
Backtest Different AVWAP Configurations: Experiment with different anchoring methods and lookback periods to optimize trade performance.
Monitor Institutional Order Flow: Identify key VWAP zones where institutional traders may be active.
Use with Other Technical Indicators: Enhance trading confidence by integrating with moving averages, Bollinger Bands, or Fibonacci retracements.
Final Thoughts & Disclaimer
The Multiple AVWAP indicator provides a comprehensive approach to volume-weighted price tracking, making it ideal for professional traders. While this tool enhances market clarity and trade decision-making, it should be used as part of a well-rounded trading strategy with risk management principles in place.
This indicator is provided for informational and educational purposes only. Trading involves risk, and past performance is not indicative of future results. Always conduct your own analysis and due diligence before executing trades.
OmegaTools - Enhancing Market Clarity with Precision Indicators
Capitulation Volume Detector by @RhinoTradezOverview
Hey traders, want to catch the market when it’s totally losing it? The Capitulation Volume Detector is your go-to buddy for spotting those wild moments when panic selling takes over. Picture this: prices plummet, volume explodes, and everyone’s bailing out—that’s capitulation, and it might just signal a turning point. This script throws a bright marker on your chart whenever the chaos hits, so you can decide if it’s time to jump in or sit tight. Built fresh in Pine Script v6, it’s sleek, customizable, and packs an alert to keep you posted—perfect for stocks, indices like SPY, or even crypto chaos.
Inspired by epic sell-offs like March 2020’s COVID crash, this tool’s here to help you navigate the storm with a smile (and maybe a profit).
What It Does
Capitulation volume is that “everyone’s out!” moment: a steep price drop meets a massive volume surge, hinting that sellers are tapped out. It’s not a guaranteed reversal—sometimes the bleeding continues—but it’s a loud clue that fear’s peaked. Here’s the magic:
Volume Check : Measures current volume against a customizable average (default: 20 bars).
Price Plunge : Tracks the percentage drop from the last close.
Capitulation Cal l: When volume rockets past your threshold (e.g., 2x average) and price tanks (e.g., -5%), you get a red triangle above the bar.
Stay Alert : Fires off a detailed message (e.g., “Volume 300M > 200M, Drop -10%”) so you’re never caught off guard.
Think of it as your market meltdown radar—simple, effective, and ready to roll.
Functionality Breakdown
Volume Surge Spotter :
Uses a 20-bar Simple Moving Average (SMA) of volume as your baseline.
Flags any bar where volume exceeds this average by your chosen multiplier (default: 2x).
Price Drop Detector :
Calculates the percentage change from the prior close.
Triggers when the drop’s bigger than your set limit (default: -5%).
Capitulation Marker:
Combines both signals: high volume + sharp drop = capitulation.
Slaps a red triangle above the bar for instant “whoa, there it is!” vibes.
Real-Time Alerts :
Sends a custom alert with volume and drop details, keeping you in the loop without babysitting the chart.
Customization Options
Tune it to your trading style with these easy settings:
Volume Multiplier (x Avg): Starts at 2.0 (2x average volume). Bump it to 3.0 for only the wildest spikes or dial it to 1.5 for more frequent catches. Range: 1.0-10.0, step 0.1.
Price Drop Threshold (%): Default 5.0 (a -5% drop). Go big with 10.0 for crash-level falls or ease to 3.0 for lighter dips. Range: 1.0-20.0, step 0.1.
Average Volume Period: Default 20 bars. Stretch it to 50 for a broader view or shrink to 10 for quick reactions. Range: 1-100.
Capitulation Marker Color: Red by default—because panic’s loud! Switch it to blue, green, or pink to match your chart’s personality.
How to Use It
Drop It On : Add it to any chart with volume data—SPY daily for market moves, /ES 15-minute for intraday action, or your go-to stock.
Play with Settings : Hit the indicator’s config gear and tweak the multiplier, drop threshold, period, or marker color to fit your vibe.
Set an Alert : Right-click the indicator, add an alert with “Any alert() function call,” and get pinged when capitulation strikes.
Watch the Action : Look for those red triangles on big drop days—pair with your favorite reversal signals for extra oomph.
Pro Tips
Daily Charts : Catch market-wide capitulations like March 23, 2020 (SPY: -10%, 3x volume).
Intraday : Spot flash crashes or sector sell-offs on 15-minute or 5-minute bars.
Context Matters : High volume alone isn’t enough—check the VIX or candlestick patterns (e.g., hammers) to confirm a bottom.
Gradient Trend Filter STRATEGY [ChartPrime/PineIndicators]This strategy is based on the Gradient Trend Filter indicator developed by ChartPrime. Full credit for the concept and indicator goes to ChartPrime.
The Gradient Trend Filter Strategy is designed to execute trades based on the trend analysis and filtering system provided by the Gradient Trend Filter indicator. It integrates a noise-filtered trend detection system with a color-gradient visualization, helping traders identify trend strength, momentum shifts, and potential reversals.
How the Gradient Trend Filter Strategy Works
1. Noise Filtering for Smoother Trends
To reduce false signals caused by market noise, the strategy applies a three-stage smoothing function to the source price. This function ensures that trend shifts are detected more accurately, minimizing unnecessary trade entries and exits.
The filter is based on an Exponential Moving Average (EMA)-style smoothing technique.
It processes price data in three successive passes, refining the trend signal before generating trade entries.
This filtering technique helps eliminate minor fluctuations and highlights the true underlying trend.
2. Multi-Layered Trend Bands & Color-Based Trend Visualization
The Gradient Trend Filter constructs multiple trend bands around the filtered trend line, acting as dynamic support and resistance zones.
The mid-line changes color based on the trend direction:
Green for uptrends
Red for downtrends
A gradient cloud is formed around the trend line, dynamically shifting colors to provide early warning signals of trend reversals.
The outer bands function as potential support and resistance, helping traders determine stop-loss and take-profit zones.
Visualization elements used in this strategy:
Trend Filter Line → Changes color between green (bullish) and red (bearish).
Trend Cloud → Dynamically adjusts color based on trend strength.
Orange Markers → Appear when a trend shift is confirmed.
Trade Entry & Exit Conditions
This strategy automatically enters trades based on confirmed trend shifts detected by the Gradient Trend Filter.
1. Trade Entry Rules
Long Entry:
A bullish trend shift is detected (trend direction changes to green).
The filtered trend value crosses above zero, confirming upward momentum.
The strategy enters a long position.
Short Entry:
A bearish trend shift is detected (trend direction changes to red).
The filtered trend value crosses below zero, confirming downward momentum.
The strategy enters a short position.
2. Trade Exit Rules
Closing a Long Position:
If a bearish trend shift occurs, the strategy closes the long position.
Closing a Short Position:
If a bullish trend shift occurs, the strategy closes the short position.
The trend shift markers (orange diamonds) act as a confirmation signal, reinforcing the validity of trade entries and exits.
Customization Options
This strategy allows traders to adjust key parameters for flexibility in different market conditions:
Trade Direction: Choose between Long Only, Short Only, or Long & Short .
Trend Length: Modify the length of the smoothing function to adapt to different timeframes.
Line Width & Colors: Customize the visual appearance of trend lines and cloud colors.
Performance Table: Enable or disable the equity performance table that tracks historical trade results.
Performance Tracking & Reporting
A built-in performance table is included to monitor monthly and yearly trading performance.
The table calculates monthly percentage returns, displaying them in a structured format.
Color-coded values highlight profitable months (blue) and losing months (red).
Tracks yearly cumulative performance to assess long-term strategy effectiveness.
Traders can use this feature to evaluate historical performance trends and optimize their strategy settings accordingly.
How to Use This Strategy
Identify Trend Strength & Reversals:
Use the trend line and cloud color changes to assess trend strength and detect potential reversals.
Monitor Momentum Shifts:
Pay attention to gradient cloud color shifts, as they often appear before the trend line changes color.
This can indicate early momentum weakening or strengthening.
Act on Trend Shift Markers:
Use orange diamonds as confirmation signals for trend shifts and trade entry/exit points.
Utilize Cloud Bands as Support/Resistance:
The outer bands of the cloud serve as dynamic support and resistance, helping with stop-loss and take-profit placement.
Considerations & Limitations
Trend Lag: Since the strategy applies a smoothing function, entries may be slightly delayed compared to raw price action.
Volatile Market Conditions: In high-volatility markets, trend shifts may occur more frequently, leading to higher trade frequency.
Optimized for Trend Trading: This strategy is best suited for trending markets and may produce false signals in sideways (ranging) conditions.
Conclusion
The Gradient Trend Filter Strategy is a trend-following system based on the Gradient Trend Filter indicator by ChartPrime. It integrates noise filtering, trend visualization, and gradient-based color shifts to help traders identify strong market trends and potential reversals.
By combining trend filtering with a multi-layered cloud system, the strategy provides clear trade signals while minimizing noise. Traders can use this strategy for long-term trend trading, momentum shifts, and support/resistance-based decision-making.
This strategy is a fully automated system that allows traders to execute long, short, or both directions, with customizable settings to adapt to different market conditions.
Credit for the original concept and indicator goes to ChartPrime.
Engulfing Candles (ATR-Based)This indicator detects Engulfing Patterns with an ATR-based filtering mechanism and trend confirmation. Unlike a basic engulfing pattern indicator that only checks if a current candle engulfs the previous one, this script incorporates trend detection using either the 50-period SMA alone or a combination of 50 and 200-period SMAs to ensure that signals align with the broader trend. The indicator identifies Bullish Engulfing patterns when a strong bullish candle engulfs a smaller bearish candle in a downtrend and Bearish Engulfing patterns when a strong bearish candle engulfs a smaller bullish candle in an uptrend. It also generates alerts and visually marks these patterns with labels ("BU" for bullish and "BE" for bearish) while highlighting the background accordingly.
What sets this indicator apart from a normal engulfing indicator is its ATR-based filtering system, which ensures that only significant engulfing candles are considered. Instead of accepting any engulfing pattern, the script measures candle body size relative to 1.5x ATR (configurable) to filter out weak signals. It also differentiates between long-bodied and small-bodied candles to confirm that the engulfing pattern represents real momentum shifts. This approach reduces false signals caused by small, insignificant candles and ensures that traders focus on high-probability reversal patterns. By integrating trend-based filtering and ATR-based confirmation, this indicator provides more reliable and context-aware engulfing signals than a standard engulfing pattern detector.
MSB BOS Market Structure [FTB]Track Market Structure Breaks (MSB) and Breaks of Structure (BOS) on your charts. This indicator does exactly that without clutter and with easy-to-spot.
🔑 Features:
MSB (Market Structure Break): Shows when price flips and breaks the previous high/low — possible start of a new trend.
BOS (Break of Structure): Highlights key structural breakouts in line with the existing trend.
✅ Pivot-Based Analysis (Body Focused)
Uses candle body-based pivot highs and lows to find clean market structure points (no wicks confusion here!).
Adjustable pivot strength — control how many candles you want on either side to define a swing.
✅ Clean Visual Markings
MSB and BOS lines with optional labels so you see exactly where breaks happen.
Customizable line style (Solid, Dashed, Dotted) to match your chart aesthetic.
Optional pivot markers to show minor swing highs/lows.
✅ Alerts Ready
Set alerts for any MSB or BOS, or filter to specific bullish/bearish breaks — never miss a key level again
💡 How to Use This Indicator:
Identify Trend Shifts: Use MSB to spot early trend reversals — when a previous structure breaks against the trend.
Catch Continuations: Watch for BOS to confirm trend continuation — great for riding the trend!
⚙️ Settings You Can Adjust:
Pivot Strength: How many candles to look back and forward for swing points (default: 3).
Show Pivots: Optional — highlight swing highs and lows for extra clarity.
Time-Weighted Price Action IndicatorThe Time-Weighted Price Action Indicator is a simple yet effective tool designed to detect consolidation zones based on time duration and highlight potential reversal points using a contrarian breakout logic. Instead of following traditional breakout strategies, this indicator aims to capitalize on false breakouts and reversal entries.
How It Works
• The indicator identifies a price range (zone) using a configurable lookback period.
• If the price remains within this range for a specified number of bars (threshold), a consolidation zone is confirmed.
• Once a breakout or breakdown from this zone occurs, the indicator triggers a reversed signal — suggesting a potential reversal instead of a trend-following entry.
• Support and resistance levels are marked visually, and BUY/SELL labels are plotted when price re-enters the zone, indicating potential exhaustion or traps.
Key Features
• ✅ Time-based consolidation detection
• ✅ Contrarian signal logic (Buy at breakdowns, Sell at breakouts)
• ✅ Dynamic zone plotting with support/resistance visualization
• ✅ Auto-reset after each breakout for fresh zone detection
• ✅ Visual labels and alerts for BUY/SELL signals
How to Use
• Ideal for range-bound markets or identifying trap zones around support/resistance.
• Use in conjunction with volume, momentum, or trend filters to refine entries.
• Can complement mean reversion strategies or be used as a signal confirmation tool.
Why This Combination?
This approach blends time-based consolidation logic with a contrarian price action perspective, offering traders a different lens to analyze markets. Instead of blindly following breakouts, it highlights areas where price rejections and false breakouts often occur — common in algorithm-driven markets.
Why It’s Worth Using
This indicator helps you stay ahead of trap zones, identify reversal spots, and understand price behavior in consolidation zones — a critical edge, especially in sideways or choppy markets. It adds context to price movement, helping traders avoid common breakout failures.
Note:
• No performance guarantees or exaggerated claims.
• No solicitation or promotional language used.
• This is a free, open-source educational tool meant to aid price action understanding.
Multi-MA RibbonMulti-MA Ribbon is a dynamic and highly customizable indicator designed to visually compare and analyze up to 12 moving average bands simultaneously — across two different moving average (MA) types. This allows traders to study how various MAs behave relative to one another in real time, improving market analysis and trade precision.
The script supports EMA, SMA, HMA, RMA, WMA, VWMA, SWMA, and ALMA, with full user control over periods, ribbon thickness, color, and gradient direction.
Key Features:
Dual Moving Average Ribbon System — Compare two independent MA types side by side on the same price chart.
12 User-Defined Period Bands — Visualize short to long-term trend layers, fully adjustable.
Gradient Coloring with Direction Control — Choose whether fast or slow bands are brightest for quick visual focus.
Customizable Thickness and Colors — Adapt the visualization to fit any chart theme or preference.
Supports All Major MAs — Including EMA, SMA, HMA, RMA, WMA, VWMA, SWMA, ALMA.
Overlay-Friendly — Plots directly over price action for seamless market context.
Analytical and Statistical Value:
Visual Sensitivity Comparison: See how fast-reacting MAs (e.g., EMA, HMA) compare to slower, smoother MAs (e.g., SMA, ALMA) over the same periods — critical for understanding market momentum and lag.
Trend Strength and Consensus Detection: When two ribbons align tightly, the trend is strong and consistent; when they diverge, it signals potential reversal or market indecision.
Momentum Shift Identification: Fast MA ribbons breaking while slow MA ribbons hold indicate early momentum shifts or trap moves.
Trade Filtering and Confirmation: Only trade when both ribbons agree in direction, helping avoid false signals and improving entry/exit confidence.
Quantitative MA Efficiency Testing: Visually backtest and analyze which MA types work best for specific assets or strategies.
Use Cases:
Trend Following: Confirm trend strength by aligning both ribbons.
Reversal Anticipation: Spot divergence between ribbons as early reversal signals.
Momentum Trading: Use fast ribbons for early signals and slow ribbons for confirmation.
Breakout & Pullback Strategy: Analyze whether breakouts are sustained across different MA methodologies.
Backtesting and Optimization: Visually test combinations like EMA vs. HMA or VWMA vs. SMA to optimize strategies for specific assets.
Example MA Comparisons You Can Analyze:
Price Action vs. Volume-weighted: EMA vs. VWMA
Fast-reactive vs. Smooth: HMA vs. SMA
Minimal Lag vs. Standard: ALMA vs. EMA
Weighted vs. Wilder's (RMA): WMA vs. RMA
This is NOT:
A recommendation for what you should personally do.
Investment advice.
Intended solely for qualified investors.
Witchcraft or wizardry.
The only certainty is uncertainty
[S1B] Engulfing Orderblock
The Engulfing Orderblock indicator is a custom script designed to visually highlight and track bullish and bearish engulfing patterns on a price chart. These patterns are widely used in technical analysis to identify potential reversal points. The indicator dynamically draws colored boxes around the previous candle involved in the engulfing event, making it easier for traders to spot these setups in the price action.
Key Features:
Bullish Engulfing Pattern:
When a bearish candle (one where the open is higher than the close) is followed by a candle whose close is above the previous candle’s open, the indicator detects a bullish engulfing pattern. A green box is drawn around the previous candle.
• Box Style Options: Users can choose whether the box represents the candle’s body (from open to close) or its wick (from open to low).
Bearish Engulfing Pattern:
When a bullish candle (one where the open is lower than the close) is followed by a candle whose close is below the previous candle’s open, a bearish engulfing pattern is identified. A red box is drawn around the previous candle.
• Box Style Options: The box can be drawn using the candle’s body (from close to open) or its wick (from high to open), according to the user’s preference.
Dynamic Box Management:
Once a box is drawn, the indicator continuously monitors the price. If the price moves beyond the box’s range, the box is either deleted or its color changes to gray, indicating that the pattern’s relevance may be diminishing.
Max Pattern Tracking:
To prevent clutter, the indicator limits the number of displayed engulfing boxes to 500 by default. Older boxes are removed as new patterns are detected.
Customization:
Users can adjust the number of previous bars scanned for engulfing patterns as well as the maximum number of patterns displayed. An option is also provided to select whether the box should reflect the candle’s body or include the wick.
How It Works:
Pattern Detection:
The script compares the current price with the previous candle’s data to detect either a bullish or bearish engulfing pattern.
Box Creation:
When a pattern is detected, a colored box is drawn around the previous candle’s price range (using the user-selected style) to visually highlight the orderblock.
Pattern Expiry and Cleanup:
The indicator monitors each drawn box, deleting or modifying it (changing the color to gray) if the price moves significantly beyond the box’s range.
Remark:
The original concept for this indicator is from daisukeburn .
Victor the Predictor - Gold Advanced Analytics Suite by SK v 2.0Victor the Predictor - Gold Advanced Analytics Suite by SK v2.0
Overview:
Victor the Predictor is a powerful trading indicator designed for advanced market analysis, combining classic technical indicators with volatility-based metrics and machine learning-based predictions. This suite is specifically optimized for trading gold (XAUUSD) but can be used effectively in other markets as well.
Key Features:
✅ Swing Levels & Trend Channels: Automatically detects key support and resistance levels, along with trend channels, to help identify optimal entry and exit points.
✅ Technical Indicators: Includes RSI, MACD, and ATR for trend strength assessment and momentum-based trading decisions.
✅ Machine Learning Forecasting: Implements a predictive algorithm that analyzes historical price action, volatility, and volume to provide directional forecasts.
✅ Smart Volatility Filtering: Avoids false signals by analyzing ATR-based volatility spikes and filtering out unstable market conditions.
✅ Candle Coloring & Signal Markers: Highlights strong bullish and bearish signals based on confluence criteria, making trade opportunities visually clear.
✅ Customizable Settings: Offers full flexibility to adjust indicator parameters for different trading styles and risk preferences.
How It Works:
🔹 Support & Resistance Zones: The script calculates the highest high and lowest low within a given period to define swing levels. The mid-point between these levels serves as a potential pivot area.
🔹 Trend Analysis: The indicator overlays trend channels using EMA (50) and ATR-based deviation bands, helping traders gauge market direction and volatility expansion.
🔹 Momentum & Volume Analysis: RSI and MACD are used to confirm trade entries, while volume percentile ranks help assess market participation.
🔹 Machine Learning Predictions: A simplified ML-based approach aggregates various technical indicators into a weighted prediction score, which is normalized and projected over a short-term horizon.
🔹 Trade Signals:
BUY Signal: RSI crosses above 50, MACD is bullish, price is above EMA-14, and volatility conditions are favorable.
SELL Signal: RSI crosses below 50, MACD is bearish, price is below EMA-14, and volatility conditions are favorable.
Strong signals appear only when volatility filters confirm a stable environment.
Visualization & Alerts:
Colored Candles: Green for strong bullish signals, red for strong bearish signals.
Support & Resistance Zones: Automatically plotted key price levels.
Trend Channels: Highlight areas of expected price movement.
ML Forecast Line: A projected trend based on historical data analysis.
Buy/Sell Markers: Clear trade signals displayed directly on the chart.
Usage & Optimization:
Works best on gold (XAUUSD) but can be applied to forex, indices, and commodities.
Ideal for swing traders and day traders who use technical confluence.
Recommended timeframes: 15M, 1H, 4H, Daily.
Adjust RSI, MACD, ATR, and ML sensitivity to fine-tune signals according to market conditions.
📌 Important Note:
This indicator does not guarantee future performance and should be used alongside proper risk management strategies. Always backtest before using it in live trading.
Triple Doji SequenceThe Triple Doji Sequence indicator helps traders identify consecutive Doji candlestick patterns, allowing them to choose between spotting single, double, or triple Dojis. A Doji is detected when the candle's body is small relative to its wicks, with either the upper or lower wick being significantly larger. Users can customize their own Doji criteria by adjusting the body size and wick dominance settings. The indicator ensures that consecutive Dojis align in the same direction before confirming a valid pattern, making it easier to identify market indecision or potential trend reversals.
When the chosen Doji sequence is detected, the indicator plots a star (*) above bearish Dojis (upper wick dominant) and below bullish Dojis (lower wick dominant). It also sends alerts when a valid sequence is confirmed at the close of the bar. This tool helps traders refine their strategy by spotting repeated Doji formations, which may indicate key turning points or continuation patterns in price action.
How to Use the Triple Doji Sequence Indicator?
Apply the Indicator:
Add the Triple Doji Sequence indicator to your TradingView chart.
It will automatically scan for Doji patterns based on your settings.
Customize Your Doji Criteria:
Adjust the body size and wick dominance settings to define what qualifies as a Doji.
Choose whether to detect single, double, or triple Doji sequences.
Interpret the Signals:
A star (*) above a candle signals a bearish Doji (upper wick dominant).
A star (*) below a candle signals a bullish Doji (lower wick dominant).
Set Up Alerts:
Enable alerts to receive notifications when a Doji sequence is confirmed at bar close.
Choose alert frequency based on your trading strategy (e.g., once per bar, once per bar close).
Use in Trading Strategy:
Doji sequences can indicate trend reversals or market indecision.
Combine this indicator with support/resistance levels, volume, or other indicators to confirm signals.
PS: Good luck in finding a Triple Doji :)
GRIM309 CallPut StrategyThis draws the 5, 10, 20, 50 and 200 EMA lines.
It creates suggestions of when to open and close call positions (GREEN) as well as open and close put positions (RED) it has a early warning system, and in case there is a spike between the last 5 positions it will signal close the position, this is optional (isWarning)
There is also a cooldown period, when set at 2 it means wait a position before initiating another, I did not like the position closing and then opening directly afterwards, you could cooldown for 3 and skip 2 candles or more etc. Set to 1 then it will open/close without cooling down.
Additionally the very bottom shows wether it is in an uptrend or downtrend currently (Yellow triangle)
Candle Size Alertت وضیحات برای انتشار ابزار در TradingView
🔹 نام ابزار: Candle Size Alert
🔹 توضیحات:
این اندیکاتور برای شناسایی کندلهای بزرگ طراحی شده است. این ابزار میانگین اندازهی ۱۰ کندل گذشته را محاسبه کرده و اگر کندل فعلی ۳ برابر میانگین کندلهای قبلی باشد، یک لیبل هشدار در بالای کندل نمایش میدهد. همچنین میتوان هشدارهای معاملاتی را از طریق alertcondition() فعال کرد.
🔹 ویژگیها:
✅ امکان تغییر تعداد کندلهای محاسبه شده (پیشفرض: ۱۰)
✅ امکان تنظیم ضریب حساسیت (پیشفرض: ۳ برابر)
✅ نمایش لیبل هشدار در بالای کندلهای بزرگ
✅ پشتیبانی از هشدارهای خودکار (AlertCondition)
⚠️ نکته: این اندیکاتور فقط برای تحلیل استفاده میشود و سیگنال خرید یا فروش ارائه نمیدهد.
🔹 Indicator Name: Candle Size Alert
🔹 Description:
This indicator detects large candles by calculating the average size of the last 10 candles. If the current candle is 3 times larger than the average of the previous candles, a warning label appears above the candle. Additionally, automated alerts can be triggered using alertcondition().
🔹 Features:
✅ Adjustable candle count for calculations (default: 10)
✅ Customizable sensitivity multiplier (default: 3x)
✅ Visual alert label above large candles
✅ Supports automated alerts (AlertCondition)
⚠️ Note: This indicator is for analysis purposes only and does not provide buy/sell signals.
TrendPredator PROThe TrendPredator PRO
Stacey Burke, a seasoned trader and mentor, developed his trading system over the years, drawing insights from influential figures such as George Douglas Taylor, Tony Crabel, Steve Mauro, and Robert Schabacker. His popular system integrates select concepts from these experts into a consistent framework. While powerful, it remains highly discretionary, requiring significant real-time analysis, which can be challenging for novice traders.
The TrendPredator indicators support this approach by automating the essential analysis required to trade the system effectively and incorporating mechanical bias and a multi-timeframe concept. They provide value to traders by significantly reducing the time needed for session preparation, offering all relevant chart analysis and signals for live trading in real-time.
The PRO version offers an advanced pattern identification logic that highlights developing context as well as setups related to the constellation of the signals provided. It provides real-time interpretation of the multi-timeframe analysis table, following an extensive underlying logic with more than 150 different setup variations specifically developed for the system and indicator. These setups are constantly back- and forward-tested and updated according to the results. This version is tailored to traders primarily trading this system and following the related setups in detail.
The former TrendPredator ES version does not provide that option. It is significantly leaner and is designed for traders who want to use the multi-timeframe logic as additional confluence for their trading style. It is very well suited to support many other trading styles, including SMC and ICT.
The Multi-timeframe Master Pattern
Inspired by Taylor’s 3-day cycle and Steve Mauro’s work with “Beat the Market Maker,” Burke’s system views markets as cyclical, driven by the manipulative patterns of market makers. These patterns often trap traders at the extremes of moves above or below significant levels with peak formations, then reverse to utilize their liquidity, initiating the next phase. Breakouts away from these traps often lead to range expansions, as described by Tony Crabel and Robert Schabacker. After multiple consecutive breakouts, especially after the psychological number three, overextension might develop. A break in structure may then lead to reversals or pullbacks. The TrendPredator Indicator and the related multi-timeframe trading system are designed to track these cycles on the daily timeframe and provide signals and trade setups to navigate them.
Bias Logic and Multi-Timeframe Concept
The indicator covers the basic signals of Stacey Burke's system:
- First Red Day (FRD): Bearish break in structure, signalling weak longs in the market.
- First Green Day (FGD): Bullish break in structure signalling weak shorts in the markt.
- Three Days of Longs (3DL): Overextension signalling potential weak longs in the market.
- Three Days of Shorts (3DS): Overextension signalling potential weak shorts in the market.
- Inside Day (ID): Contraction, signalling potential impulsive reversal or range expansion move.
It enhances the original system by introducing:
Structured Bias Logic:
Tracks bias by following how price trades concerning the last previous candle high or low that was hit. For example if the high was hit, we are bullish above and bearish below.
- Bullish state: Breakout (BO), Fakeout Low (FOL)
- Bearish state: Breakdown (BD), Fakeout High (FOH)
Multi-Timeframe Perspective:
- Tracks all signals across H4, H8, D, W, and M timeframes, to look for alignment and follow trends and momentum in a mechanical way.
Developing Context:
- Identifies specific predefined context states based on the monthly, weekly and daily bias.
Developing Setups:
- Identifies specific predefined setups based on context and H8 bias as well as SB signals.
The indicator monitors the bias and signals of the system across all relevant timeframes and automates the related graphical chart analysis as well as context and setup zone identification. In addition to the master pattern, the system helps to identify the higher timeframe situation and follow the moves driven by other timeframe traders to then identify favourable context and setup situations for the trader.
Example: Full Bullish Cycle on the Daily Timeframe with Multi-Timeframe Signals
- The Trap/Peak Formation
The market breaks down from a previous day’s and maybe week’s low—potentially after multiple breakdowns—but fails to move lower and pulls back up to form a peak formation low and closes as a first green day.
MTF Signals: Bullish daily and weekly fakeout low; three consecutive breakdown days (1W Curr FOL, 1D Curr FOL, BO 3S).
Context: Reversal (REV)
Setup: Fakeout low continuation low of day (FOL Cont LOD)
- Pullback and Consolidation
The next day pulls further up after first green day signal, potentially consolidates inside the previous day’s range.
MTF Signals: Fakeout low and first green day closing as an inside day (1D Curr IS, Prev FOL, First G).
Context: Reversal continuation (REV Cont)
Setup: Previous fakeout low continuation low handing fruit (Prev FOL Cont LHF)
- Range Expansion/Trend
The following day breaks up through the previous day’s high, launching a range expansion away from the trap.
MTF Signals: Bullish daily breakout of an inside day (1D Curr BO, Prev IS).
Context: Uptrend healthy (UT)
Setup: Breakout continuation low hanging fruit (BO Cont LHF)
- Overextension
After multiple consecutive breakouts, the market reaches a state of overextension, signalling a possible reversal or pullback.
MTF Signals: Three days of breakout longs (1D Curr BO, Prev BO, BO 3L).
Context: Uptrend extended (UT)
- Reversal
After a breakout of previous days high that fails, price pulls away from the high showing a rollover of momentum across all timeframes and a potential short setup.
MTF Signals: Three days of breakout longs, daily fakeout high (1D 3L, FOH)
Context: Reversal countertrend (REV)
Setup: Fakeout high continuation high of day (FOH Cont HOD)
Note: This is only one possible illustrative scenario; there are many variations and combinations.
Example Chart: Full Bullish Cycle with Correlated Signals
Multi-Timeframe Signals examples:
Context and Setups examples:
Note: The signals shown along the move are manually added illustrations. The indicator shows these in realtime in the table at top and bottom right. This is only one possible scenario; there are many variations and combinations.
Due to the fractal nature of markets, this cycle can be observed across all timeframes. The strongest setups occur when there is multi-timeframe alignment. For example, a peak formation and potential reversal on the daily timeframe have higher probability and follow-through when they align with bearish signals on higher timeframes (e.g., weekly/monthly BD/FOH) and confirmation on lower timeframes (H4/H8 FOH/BD). With this perspective, the system enables the trader to follow the trend and momentum while identifying rollover points in a highly differentiated and precise way.
Using the Indicator for Trading
The automated analysis provided by the indicator can be used for thesis generation in preparation for a session as well as for live trading, leveraging the real-time updates as well as the context and setup indicated or alerted. It is recommended to customize the settings deeply, such as hiding the lower timeframes for thesis generation or the specific alert time window and settings to the specific trading schedule and playbook of the trader.
1. Context Assessment:
Evaluate alignment of higher timeframes (e.g., Month/Week, Week/Day). More alignment → Stronger setups.
- The context table offers an interpretation of the higher timeframe automatically. See below for further details.
2. Setup Identification:
Follow the bias of daily and H8 timeframes. A setup mostly requires alignment of these.
Setup Types:
- Trend Trade: Trade in alignment with the previous day’s trend.
Example: Price above the previous day’s high → Focus on long setups (dBO, H8 FOL) until overextension or reversal signs appear (H8 BO 3L, First R).
- Reversal Trade: Identify reversal setups when lower timeframes show rollovers after higher timeframe weakness.
Example: Price below the previous day’s high → Look for reversal signals at the current high of day (H8 FOH, BO 3L, First R).
- The setup table shows potential setups for the specific price zone in the table automatically. See below for further details.
3. Entry Confirmation:
Confirm entries based on H8 and H4 alignment, candle closes and lower timeframe fakeouts.
- H8 and H4 should always align for a final confirmation, meaning the breach lines should be both in the back of a potential trade setup.
- M15/ 5 candle close can be seen as acceptance beyond a level or within the setup zone.
- M15/5 FOH/ FOL signals lower timeframe traps potentially indicating further confirmation.
Example Chart Reversal Trade:
Context: REV (yellow), Reversal counter trend, Month in FOL with bearish First R, Week in BO but bearishly overextended with BO 3L, Day in Fakeout high reversing bearishly.
Setup: FOH Cont HOD (red), Day in Fakeout high after BO 3L overextension, confirmed by H8 FOH high of day, First R as further confluence. Two star quality and countertrend.
Entry: H4 BD, M15 close below followed by M15 FOH.
Detailed Features and Options
1. Context and Setup table
The Context and Setup Table is the core feature of the TrendPredator PRO indicator. It delivers real-time interpretation of the multi-timeframe analysis based on an extensive underlying logic table with over 150 variations, specifically developed for this system and indicator. This logic is continuously updated and optimized to ensure accuracy and performance.
1.1. Developing Context
States for developing higher timeframe context are determined based on signals from the monthly, weekly, and daily timeframes.
- Green and Red indicate alignment and potentially interesting developing setups.
- Yellow signals a mixed or conflicting bias, suggesting caution when taking trades.
The specific states are:
- UT (yellow): Uptrend extended
- UT (green): Uptrend healthy
- REV (yellow): Reversal day counter trend
- REV (green): Reversal day mixed trend
- REV Cont (green): Reversal continuation mixed trend
- REV Cont (yellow): Reversal continuation counter trend
- REV into UT (green): Reversal day into uptrend
- REV Cont into UT (green): Reversal continuation into uptrend
- UT Pullback (yellow): Counter uptrend breakdown day
- Conflicting (yellow): Conflicting signals
- Consolidating (yellow): Consolidating sideways
- Inside (yellow): Trading inside after an inside week
- DT Pullback (yellow): Counter downtrend breakout day
- REV Cont into DT (red): Reversal continuation into downtrend
- REV into DT (red): Reversal day into downtrend
- REV Cont (yellow): Reversal continuation counter trend
- REV Cont (red): Reversal continuation mixed trend
- REV (red): Reversal day mixed trend
- REV (yellow): Reversal day countertrend
- DT (red): Downtrend healthy
- DT (yellow): Downtrend extended
Example: Uptrend
The Uptrend Context (UT, green) indicates a healthy uptrend with all timeframes aligning bullishly. In this case, the monthly is in a Fakeout Low (FOL) and currently inside the range, while the weekly and daily are both in Breakout (BO) states. This context is favorable for developing long setups in the direction of the trend.
Example: Uptrend pullback
The Uptrend Pullback Context (UT Pullback, yellow) indicates a Breakdown (BD) on the daily timeframe against a higher timeframe uptrend. In this case, the monthly is in a Fakeout Low (FOL) and currently inside its range, the weekly is in Breakout (BO) and also currently inside, while the daily is in Breakdown (BD). This context reflects a conflicting situation—potentially signaling either an early reversal back into the uptrend or, if the breakdown extends, the beginning of a possible trend change.
Example: Reversal into Uptrend
The Reversal into Uptrend Context (REV into UT, green) indicates a lower timeframe reversal aligning with a higher timeframe uptrend. In this case, the monthly is in Breakout (BO), the weekly is in Breakout (BO) and currently inside its range, while the daily is showing a bullish Fakeout Low (FOL) reversal. This context is potentially very favorable for long setups, as it signals a strong continuation of the uptrend supported across multiple timeframes.
Example: Reversal
The Bearish Reversal Context indicates a lower timeframe rollover within an ongoing higher timeframe uptrend. In this case, the monthly remains in Breakout (BO), the weekly has shifted into a Fakeout High (FOH) after three weeks of breakout longs, and the daily is already in Breakdown (BD). This context suggests a potentially favorable developing short setup, as early signs of weakness appear across timeframes.
1.2. Developing Setup
The states for specific setups are based on the context and the signals from the daily timeframe and H8, indicating that price is in the zone of alignment. The setup description refers to the state of the daily timeframe, while the suffix relates to the H8 timeframe. For example, "prev FOH Cont LHF" means that the previous day is in FOH (Fakeout High) relative to yesterday's breakout level, currently trading inside, and we are in an H8 breakdown, indicating a potential LHF (Lower High Formation) short trade if the entry confirms. The suffix HOD means that H8 is in FOH or BO (Breakout).
The specific states are:
- REV HOD (red): Reversal high of day
- REV Cont LHF (red): Reversal continuation low hanging fruit
- BO Cont LHF (green): Breakout continuation low hanging fruit
- BO Cont LOD (green): Breakout continuation low of day
- FOH Cont HOD (red): Fakeout high continuation high of day
- FOH Cont LHF ((red): Fakeout high continuation low hanging fruit
- prev BD Cont HOD (red): Previous breakdown continuation high of day
- prev BD Cont LHF (red): Previous breakdown continuation low hanging fruit
- prev FOH Cont HOD (red): Previous fakeout high continuation high of day
- prev FOH Cont LHF (red): Previous fakeout high continuation low hanging fruit
- prev FOL Cont LOD (green): Previous fakeout low continuation low of day
- prev FOL Cont LHF (green): Previous fakeout low continuation low hanging fruit
- prev BO Cont LOD (green): Previous breakout continuation low of day
- prev BO Cont LHF (green): Previous breakout continuation low hanging fruit
- FOL Cont LHF (green): Fakeout low continuation low hanging fruit
- FOL Cont LOD (green): Fakeout low continuation low of day
- BD Cont LHF (red): BD continuation low hanging fruit
- BD Cont LOD (red): Breakdown continuation low of day
- REV Cont LHF (green): Reversal continuation low hanging fruit
- REV LOD (green): Reversal low of day
- Inside: Trading inside after an inside day
Type: Indicates the situation of the indicated setup concerning:
- Trend: Following higher timeframe trend
- Mixed: Mixed higher timeframe signals
- Counter: Against higher timeframe bias
Quality: Indicates the quality of the indicated setup according to the specified logic table
No star: Very low quality
* One star: Low quality
** Two star: Medium quality
*** Three star: High quality
Example: Breakout Continuation Trend Setup
This setup highlights a healthy uptrend where the month is in a breakout, the week is in a fakeout low, and the day is in a breakout after a first green day. As the H8 breaks out to the upside, a long setup zone is triggered, presenting a breakout continuation low-hanging fruit trade. This is a trend trade in an overextended situation on the H8, with an H8 3L, resulting in an overall quality rating of one star.
Example: Fakeout Low Continuation Trend Setup
This setup shows a reversal into uptrend, with the month in a breakout, the week in a breakout, and the day in a fakeout low after breaking down the previous day and now reversing back up. As H8 breaks out to the upside, a long setup zone is triggered, presenting a previous fakeout low continuation, low-hanging fruit trade. This is a medium-quality trend trade.
Example: Reversal Setup - Mixed Trend
This setup shows a reversal setup in line with the weekly trend, with the month in a fakeout low, the week in a fakeout high, and the day in a fakeout high after breaking out earlier in the day and now reversing back down. As H8 loses the previous breakout level after 3 breakouts (with H8 3L), a short setup zone is triggered, presenting a fakeout high continuation at the high of the day. This is a high-quality trade in a mixed trend situation.
Setup Alerts:
Alerts can be activated for setups freshly triggered on the chart within your trading window.
Detailed filter logic for setup alerts:
- Setup quality: 1-3 star
- Setup type: Counter, Mixed and Trend
- Setup category: e.g. Reversal Bearish, Breakout, Previous Fakeout High
- 1D BO and First signals: 3DS, 3DL, FRD, FGD, ID
Options:
- Alerts on/ off
- Alert time window (from/ to)
- Alert filter customization
Note: To activate alerts from a script in TradingView, some settings need to be adjusted. Open the "Create Alert" dialog and select the option "Any alert() function call" in the "Condition" section. Choose "TrendPredator PRO" to ensure that alerts trigger properly from the code. Alerts can be activated for entire watchlists or individual pairs. Once activated, the alerts run in the background and notify the user whenever a setup is freshly triggered according to the filter settings.
2. Multi-Timeframe Table
Provides a real-time view of system signals, including:
Current Timeframe (Curr): Bias states.
- Breakout (green BO): Bullish after breaking above the previous high.
- Fakeout High (red FOH): Bearish after breaking above the previous high but pulling back down.
- Breakdown (red BD): Bearish after breaking below the previous low.
- Fakeout Low (green FOL): Bullish after breaking below the previous low but pulling back up.
- Inside (IS): Price trading neutral inside the previous range, taking the previous bias (color indicates the previous bias).
Previous Timeframe (Prev): Tracks last candle bias state and transitions dynamically.
- Bias for last candle: BO, FOH, BD, FOL in respective colors.
- Inside bar (yellow IS): Indicated as standalone signal.
Note: Also previous timeframes get constantly updated in real time to track the bias state in relation to the level that was hit. This means a BO can still lose the level and become a FOH, and vice versa, and a BD can still become a FOL, and vice versa. This is critical to see for example if traders that are trapped in that timeframe with a FOH or FOL are released. An inside bar stays fixed, though, since no level was hit in that timeframe.
Breakouts (BO): Breakout count 3 longs and 3 shorts.
- 3 Longs (red 3L): Bearish after three breakouts without hitting a previous low.
- 3 Shorts (green 3S): Bullish after three breakdowns without hitting a previous high.
First Countertrend Close (First): Tracks First Red or Green Day.
- First Green (G): After two consecutive red closes.
- First Red (R): After two consecutive green closes.
Options: Customizable font size and label colors.
3. Historic Highs and Lows
Displays historic highs and lows per timeframe for added context, enabling users to track sequences over time.
Timeframes: H4, H8, D, W, M
Options: Customize for timeframes shown, number of historic candles per timeframe, colors, formats, and labels.
4. Previous High and Low Extensions
Displays extended previous levels (high, low, and close) for each timeframe to assess how price trades relative to these levels.
H4: P4H, P4L, P4C
H8: P8H, P8L, P8C
Daily: PDH, PDL, PDC
Weekly: PWH, PWL, PWC
Monthly: PMH, PML, PMC
Options: Fully customizable for timeframes shown, colors, formats, and labels.
5. Breach Lines
Tracks live market reactions (e.g., breakouts or fakeouts) per timeframe for the last previous high or low that was hit, highlighting these levels originating at the breached candle to indicate bias (color-coded).
Red: Bearish below
Green: Bullish above
H4: 4FOL, 4FOH, 4BO, 4BD
H8: 8FOL, 8FOH, 8BO, 8BD
D: dFOL, dFOH, dBO, dBD
W: wFOL, wFOH, wBO, wBD
M: mFOL, mFOH, mBO, mBD
Options: Fully customizable for timeframes shown, colors, formats, and labels.
Overall Options:
Toggle single feature groups on/off.
Customize H8 open/close time as an offset to UTC to be provider independent.
Colour settings con be adjusted for dark or bright backgrounds.
Higher Timeframe Use Case Examples
Example Use Case: Weekly Template Analysis
The Weekly Template is a core concept in Stacey Burke’s trading style. The analysis is conducted on the daily timeframe, focusing on the higher timeframe bias and identifying overextended conditions within the week—such as multiple breakouts and peak formations signaling potential reversals.
In this example, the candles are colored by the TrendPredator FO indicator, which highlights the state of individual candles. This allows for precise evaluation of both the trend state and the developing weekly template. It is a valuable tool for thesis generation before a trading session and for backtesting purposes.
Example Use Case: High Timeframe 5-Star Setup Analysis (Stacey Burke "ain't coming back" ACB Template)
This analysis identifies high-probability trade opportunities when daily breakout or breakdown closes occur near key monthly levels mid-week, signaling overextensions and potentially large parabolic moves. The key signal to look for is a breakout or breakdown close on a Wednesday. This is useful for thesis generation before a session and also for backtesting.
In this example, the TrendPredator FO indicator colors the candles to highlight individual candle states, particularly those that close in breakout or breakdown. Additionally, an indicator is shown on the chart shading every Wednesday, making it easier to visually identify the signals.
5 Star Alerts:
Alerts can be activated for this potential 5-Star setup constellation. The alert is triggered when there is a breakout or breakdown close on a Wednesday.
Further recommendations:
- Higher timeframe context: TPO or volume profile indicators can be used to gain an even better overview.
- Late session trading: Entries later in the session, such as during the 3rd hour of the NY session, offer better analysis and follow-through on setups.
- Entry confirmation: Momentum indicators like VWAP, Supertrend, or EMA are helpful for increasing precision. Additionally, tracking lower timeframe fakeouts can provide powerful confluence. To track those the TrendPredator Fakeout Highlighter (FO), that has been specifically developed for this can be of great help:
Limitations:
Data availability using TradingView has its limitations. The indicator leverages only the real-time data available for the specific timeframe being used. This means it cannot access data from timeframes lower than the one displayed on the chart. For example, if you are on a daily chart, it cannot use H8 data. Additionally, on very low timeframes, the historical availability of data might be limited, making higher timeframe signals unreliable.
To address this, the indicator automatically hides the affected columns in these specific situations, preventing false signals.
Disclaimer
This indicator is for educational purposes only and does not guarantee profits.
None of the information provided shall be considered financial advice.
The indicator does not provide final buy or sell signals but highlights zones for potential setups.
Users are fully responsible for their trading decisions and outcomes.
Smart Scalper Indicator🎯 How the Smart Scalper Indicator Works
1. EMA (Exponential Moving Average)
EMA 10 (Blue Line):
Shows the short-term trend.
If the price is above this line, the trend is bullish; if below, bearish.
EMA 20 (Orange Line):
Displays the longer-term trend.
If EMA 10 is above EMA 20, it indicates a bullish trend (Buy signal).
2. SuperTrend
Green Line:
Represents support levels.
If the price is above the green line, the market is considered bullish.
Red Line:
Represents resistance levels.
If the price is below the red line, the market is considered bearish.
3. VWAP (Volume Weighted Average Price)
Purple Line:
Indicates the average price considering volume.
If the price is above the VWAP, the market is strong (Buy signal).
If the price is below the VWAP, the market is weak (Sell signal).
4. ATR (Average True Range)
Used to measure market volatility.
An increasing ATR indicates higher market activity, enhancing the reliability of signals.
ATR is not visually displayed but is factored into the signal conditions.
⚡ Entry Signals
Green Up Arrow (Buy):
EMA 10 is above EMA 20.
The price is above the SuperTrend green line.
The price is above the VWAP.
Volatility (ATR) is increasing.
Red Down Arrow (Sell):
EMA 10 is below EMA 20.
The price is below the SuperTrend red line.
The price is below the VWAP.
Volatility (ATR) is increasing.
🔔 Alerts
"Buy Alert" — Notifies when a Buy condition is met.
"Sell Alert" — Notifies when a Sell condition is met.
✅ How to Use the Indicator:
Add the indicator to your TradingView chart.
Enable alerts to stay updated on signal triggers.
Check the signal:
A green arrow suggests a potential Buy.
A red arrow suggests a potential Sell.
Set Stop-Loss:
Below the SuperTrend line or based on ATR levels.
Take Profit:
Target 1-2% for short-term trades.
AutoFibGauge (TechnoBlooms) AutoFibGauge help users to understand Fibonacci retracement with auto-drawn levels from previous candes, dual moving average crossover for trend confirmation, and a thermometer for quick Fib level identification.
This indicator is designed to streamline your trading decisions. By automatically plotting the Fibonacci levels based on previous candles, it aids in identifying key support and resistance zones. User can choose the number of previous candles for which the Fibonacci is calculated.
Paired with a dual moving average crossover system for robust trend confirmation, this tools helps in aligning with the market's direction.
A dynamic thermometer display that instantly highlights critical Fib levels, making it easier than ever to spot opportunities at a glance.
CAM | Comparison and Normalisation Indicator Description: "CAM | Comparison and Normalisation" 🌟
Overview 📊
The "CAM | Comparison and Normalisation" indicator is a must-have tool for forex traders! 🚀 It analyzes the strength of a currency pair’s base and quote currencies against the pair’s price movement, using automatic detection, composite calculations, and normalization—all wrapped in a colorful, easy-to-read package. 🎨
How It Works 🛠️
- 🔍 **Automatic Currency Detection**: Instantly spots the base (e.g., EUR in EURUSD) and quote (e.g., USD) currencies—no manual setup needed!
- 💪 **Composite Strength Calculation**: Measures each currency’s power by averaging its rate against 9 major currencies (GBP, EUR, CHF, USD, AUD, CAD, NZD, JPY, NOK). A true strength test! 🏋️♂️
- 📏 **Normalization**: Scales everything with a smart formula (price minus moving average, divided by standard deviation) so base, quote, and pair prices play on the same field. ⚖️
- 🎨 **Dynamic Visualization**:
- Plots 3 normalized lines with unique colors:
- **Base Composite** (e.g., purple for GBP, blue for EUR)
- **Quote Composite** (e.g., green for USD, yellow for JPY)
- **Actual Pair** (⚪ white)
- Adds labels on the last bar (e.g., "Base: GBP" in purple). 🏷️
- 📊 **Performance Histogram**: Shows the base vs. quote strength gap with a green (👍) or red (👎) area chart—adjusted by the pair’s price.
- ⚙️ **Customizable Settings**: Adjust Scaling Period (50), Histogram Scale (0.5), and Levels (1, -1) to fit your style! 🎚️
Benefits 🌈
- 🧠 **Simplified Analysis**: Normalized data cuts through the noise, making trends crystal clear.
- ✅ **Enhanced Decisions**: Colorful lines and histograms spotlight trading signals fast.
- ⏱️ **Time-Saver**: No setup—just drop it on a chart and go!
- 🌍 **Versatile**: Works on any supported pair, with colors adapting automatically (e.g., orange AUD on AUDCAD).
- 👀 **Eye-Catching**: Currency-specific colors (like purple GBP from pound notes) make it fun and easy to follow.
How It Helps Traders 💡
- 📈 **Spot Trends**: See if the base is flexing 💪 or the quote is fading 📉, and how it ties to the pair’s price.
- ⚠️ **Catch Divergences**: Histogram flags when currency strength and price don’t match—hello, opportunity! 🚨
- 🛡️ **Manage Risk**: Normalized values and levels help gauge overbought/oversold zones for smarter stops.
- **Big Picture**: Compare currency strength to pair price for strategic edge, whether scalping or swinging.
Example in Action 🎬
- **GBPUSD Chart**:
- purple GBP line climbs, greenUSD dips, histogram turns green 👍—GBP’s gaining! If the white pair line rises too, it’s a bullish hint.
Conclusion ✨
"CAM | Comparison and Normalisation" turns forex complexity into clear, actionable insights. With its auto-detection, vibrant visuals, and trader-friendly design, it’s your shortcut to smarter trades! 📈💰
Custom TABI Model with LayersCustom Top and Bottom Indicator (TABI) (Is a Trend Adaptive Blow-Off Indicator) -
User Guide & Description
Introduction
The TABI (Trend Adaptive Blow-Off Indicator) is a refined, multi-layered RSI tool designed to enhance trend analysis, detect momentum shifts, and highlight overbought/oversold conditions with a more nuanced, color-coded approach. This indicator is useful for traders seeking to identify key reversal points, confirm trend strength, and filter trade setups more effectively than traditional RSI.
By incorporating volume-based confirmation and divergence detection, TABI aims to reduce false signals and improve trade timing.
How It Works
TABI builds on the Relative Strength Index (RSI) by introducing:
A smoothed RSI calculation for better trend readability.
11 color-coded RSI levels, allowing traders to visually distinguish weak, neutral, and extreme conditions.
Volume-based confirmation to detect high-conviction moves.
Bearish & Bullish Divergence Detection, inspired by Market Cipher methods, to spot potential reversals early.
Overbought & Oversold alerts, with optional candlestick color changes to highlight trade signals.
Key Features
✅ Color-Coded RSI for Better Readability
The RSI is divided into multi-layered color zones:
🔵 Light Blue: Extremely oversold
🟢 Lime Green: Mild oversold, potential trend reversal
🟡 Yellow & Orange: Neutral, momentum consolidation
🟠 Dark Orange: Caution, overbought conditions developing
🔴 Red: Extreme overbought, possible exhaustion
✅ Divergence Detection
Bearish Divergence: Price makes higher highs, RSI makes lower highs → Potential top signal
Bullish Divergence: Price makes lower lows, RSI makes higher lows → Potential bottom signal
✅ Volume Confirmation Filter
Requires a 50% above-average volume spike for strong buy/sell signals, reducing false breakouts.
✅ Dynamic Labels & Alerts
🚨 Blow-Off Top Warning: If RSI is overbought + volume spikes + divergence detected
🟢 Oversold Bottom Alert: If RSI is oversold + bullish divergence
Candlestick color changes when extreme conditions are met.
How to Use
📌 Entry & Exit Signals
Buy Consideration:
RSI enters Green Zone (oversold)
Bullish divergence detected
Volume confirms the move
Sell Consideration:
RSI enters Red Zone (overbought)
Bearish divergence detected
Volume confirms exhaustion
📌 Trend Confirmation
Use the yellow/orange levels to confirm strong trends before entering counter-trend trades.
📌 Filtering Trade Noise
The RSI smoothing helps reduce false whipsaws, making it easier to read true momentum shifts.
Customization Options
🔧 User-Defined RSI Thresholds
Adjust the overbought/oversold levels to match your trading style.
🔧 Divergence Sensitivity
Modify the lookback period to fine-tune divergence detection accuracy.
🔧 Volume Thresholds
Set custom volume multipliers to control confirmation requirements.
Why This is Unique
🔹 Unlike traditional RSI, TABI visually maps RSI zones into layered gradients, making it easy to spot momentum shifts.
🔹 The multi-layered color scheme adds an intuitive, heatmap-like effect to RSI, helping traders quickly gauge conditions.
🔹 Incorporates CCF-inspired divergence detection and volume filtering, making signals more robust.
🔹 Dynamic labeling system ensures clarity without cluttering the chart.
Alerts & Notifications
🔔 TradingView Alerts Included
🚨 Blow-Off Top Detected → RSI overbought + volume spike + bearish divergence.
🟢 Oversold Bottom Detected → RSI oversold + bullish divergence.
Set alerts to receive notifications without watching the charts 24/7.
Final Thoughts
TABI is designed to simplify RSI analysis, provide better trade signals, and improve decision-making. Whether you're day trading, swing trading, or long-term investing, this tool helps you navigate market conditions with confidence.
🔥 Use it to detect high-probability reversals, confirm trends, and improve trade entries/exits! 🚀
Statistically Extreme Areas by QTX Algo SystemsStatistically Extreme Areas by QTX Algo Systems
Overview
This indicator helps traders pinpoint potential reversal zones by detecting when prices become statistically overextended. By combining advanced statistical analysis with volatility and momentum metrics—including BBWP, SMI, PMARP, and Bollinger Band Oscillator (BBO) slope analysis—it provides clear visual cues for identifying market extremes and managing risk.
How It Works
Baseline Statistical Calculation:
The indicator starts by establishing a baseline price range using historical data through a statistical percentile approach. This captures the typical extremes over a significant period and forms the foundation for further analysis.
Volatility Adjustment:
A Bollinger Band Width Percentile (BBWP) measure is used to assess recent price variability. This dynamic volatility factor adjusts the baseline, ensuring that signals are only generated when overall market volatility exceeds a minimum threshold.
Momentum and Trend Verification:
A double‐smoothed Stochastic Momentum Index (SMI) captures short-term momentum, while a Price – Moving Average Ratio (PMARP) confirms the prevailing trend's strength. Additionally, a Bollinger Band Oscillator (BBO) calculates the slopes of the upper and lower bands to further refine the detection of extreme conditions without relying solely on a simple mashup of standard indicators.
Why It's Different
Rather than merely merging common indicators, this tool integrates distinct layers of analysis to produce a cohesive and dynamic framework. The synthesis of statistical extremes, real-time volatility adjustments, and momentum/trend verification helps filter out noise and false signals, offering traders a robust method to identify reversal zones and set precise stop-loss levels. This multi-dimensional approach delivers actionable insights that go beyond what traditional support/resistance or momentum indicators can offer on their own.
How to Use
Interpret the Visual Cues:
Watch for the color-coded background changes that signal statistically extreme conditions.
Integrate with Your Analysis:
Use these visual alerts alongside other technical tools to refine your entry and exit decisions and to enhance your overall risk management.
Disclaimer
This indicator is for educational purposes only and is intended to support your trading analysis. It does not guarantee performance, and past results are not indicative of future outcomes. Always use proper risk management and perform your own analysis before trading.
DS Zone IndicatorDS Zone Indicator - Advanced Supply & Demand Zone Detection
This powerful supply and demand zone indicator automatically identifies and plots high-probability trading zones using smart wick analysis and zone respect filtering. Perfect for both day traders and swing traders across any timeframe.
Key Features:
• Smart Zone Detection - Identifies potential supply and demand zones based on price action and wick analysis
• Dynamic ATR Filtering - Uses ATR (Average True Range) to adapt to market volatility
• Zone Respect Technology - Validates zones based on how price interacts with them
• Auto Zone Cleanup - Automatically removes invalid or expired zones to reduce chart clutter
• Customizable Colors - Choose between single color mode or separate bullish/bearish zone colors
Advanced Settings Include:
• ATR Period and Threshold customization
• Minimum Zone Height controls
• Zone Respect Filter with adjustable parameters
• Bounce Percentage configuration
• Zone Life Duration settings
• Comprehensive color customization options
Perfect For:
• Identifying potential reversal areas
• Finding high-probability entry and exit points
• Supporting existing trading strategies
• Both trend and range trading
• Any timeframe and market (Stocks, Forex, Crypto, Futures)
How It Works:
The indicator analyzes price action and candlestick wicks to identify potential supply and demand zones. It then tracks how price respects these zones over time, removing zones that don't meet the minimum respect criteria. This creates a clean, reliable chart that highlights only the most significant price levels.
Pro Tips:
• Use the Zone Respect Filter for stricter zone validation
• Adjust the ATR settings based on your trading timeframe
• Combine with trend analysis for better trade decisions
• Use zone touches as potential entry/exit signals
Customization:
The indicator is highly customizable with intuitive settings grouped into:
• ATR Settings
• Zone Respect Settings
• Zone Colors (Bullish/Bearish)
• Visual Preferences
Note: This indicator works best when combined with proper risk management and your existing trading strategy. Always validate signals with multiple factors before making trading decisions.
Updates & Support:
Regular updates and improvements will be made based on community feedback. Feel free to leave comments with suggestions or questions!
Happy Trading! 📈
Disclaimer: Trading involves risk. This indicator is meant to be used as one of many tools in your trading arsenal and should not be relied upon as the sole decision maker for your trades.
