WAVE시그널(추세)WAVE 시그널(추세) - SuperTrend 기반 트렌드 지표
🔹 개요
WAVE 시그널(추세)은 ATR(평균 진폭)과 SuperTrend 알고리즘을 기반으로 시장의 상승 및 하락 추세를 분석하는 지표입니다.
ATR을 활용한 변동성 조절 기능과 매수/매도 신호를 제공하여 트레이더들이 보다 정확한 진입 및 청산을 결정할 수 있도록 돕습니다.
🔹 주요 기능
✅ SuperTrend 기반 추세 감지: 상승/하락 추세를 ATR을 이용하여 효과적으로 탐지
✅ 매수/매도 신호 표시: 추세 전환 시 매수(초록) 및 매도(빨강) 라벨을 표시하여 진입 타이밍 제공
✅ 변동성 반영 가능: ATR 계산 방식을 선택하여 사용자 맞춤형 조정 가능
✅ 시각적 강조 효과: 상승/하락 추세에 따른 차트 하이라이팅 기능
✅ 알림(Alert) 기능: 추세 전환 및 매수/매도 신호 발생 시 알람 전송
🔹 활용 방법
📌 추세 매매: SuperTrend 선이 상승할 때 매수, 하락할 때 매도 신호로 활용
📌 변동성 매매: ATR 값을 조절하여 변동성이 높은 구간에서도 대응 가능
📌 알림 설정: 매매 신호 또는 추세 변화를 감지하는 자동화된 트레이딩 전략에 적용
💡 본 스크립트는 단독으로 사용하기보다 다른 보조 지표와 함께 활용하면 더욱 효과적입니다.
Phân tích Xu hướng
EUR/AUD 15M Enhanced Trend Strategy, GROK versionGrok !
Run on the EUR AUD 15M Enhanced Trend Strategy developed by Grok,
TREND OVERLAY📈 TREND OVERLAY – Folge dem Haupttrend mit Leichtigkeit!
Dieser Indikator visualisiert die Marktstruktur basierend auf dem 200 EMA und hebt Trendzonen farblich hervor. So kannst du schnell erkennen, ob der Markt sich in einem bullischen oder bärischen Trend befindet, ohne ständig Linien und Indikatoren zu analysieren.
🔍 Funktionen:
✅ Dynamischer Trendbereich – Ein Overlay, das die aktuelle Marktphase visualisiert
✅ 200 EMA als Grundlage – Filtert kurzfristige Rauschen heraus & zeigt den Haupttrend
✅ Farbcodierte Trendzonen – Grün für bullische Trends, Rot für bärische Trends
✅ Automatische Anpassung – Passt sich dem Marktverhalten in Echtzeit an
✅ Ideal für Scalping, Daytrading & Swingtrading
💡 Pro-Tipps für die Anwendung:
🔹 Trade mit dem Trend – Longs nur in grünem Bereich, Shorts nur in rotem Bereich
🔹 Nutze den Trend als Unterstützung/Widerstand – Rücksetzer zum Overlay als Entry-Möglichkeiten
🔹 Kombiniere mit anderen Indikatoren – Perfekt mit Marktstruktur, BOS/CHoCH & Orderblocks
COT DATENANALYSE📊 COT (Commitments of Traders) – Marktstrukturen besser verstehen!
Dieser Indikator zeigt dir die Netto-Positionen der wichtigsten Marktteilnehmer im COT-Report direkt in deinem TradingView-Chart. Die Daten helfen dir, die Positionierung von Smart Money, Retail Traders und Commercials zu analysieren und bessere Handelsentscheidungen zu treffen.
🔍 Funktionen:
✅ COT-Daten direkt im Chart – Sieh auf einen Blick, wie große Marktteilnehmer positioniert sind
✅ Smart Money vs. Retail vs. Commercials – Verstehe, wie verschiedene Marktgruppen agieren
✅ Farbcodierte Darstellung – Grün (Smart Money), Blau (Retail), Orange (Commercials)
✅ Dynamische Visualisierung – Verfolge Veränderungen in den Netto-Positionen im Zeitverlauf
✅ Automatische Aktualisierung – Wöchentliche COT-Daten immer auf dem neuesten Stand
📈 Warum ist COT wichtig?
Der COT-Bericht zeigt, wie sich institutionelle Händler, Hedger und Spekulanten im Markt positionieren. Während Retail-Trader oft auf der falschen Seite stehen, gibt dir die Analyse der Smart Money-Bewegungen einen wertvollen Einblick in mögliche Trendänderungen.
🔹 Smart Money (Grün) – Institutionelle & Hedgefonds, die langfristige Strategien fahren
🔹 Retail Traders (Blau) – Kleinanleger, die oft in die falsche Richtung traden
🔹 Commercials (Orange) – Unternehmen, die Absicherungen im Markt tätigen
50% Drop Finder - @iDavinderKIn Stage 4, Most of stocks take a break at 50% drop and tend to rise from there. This indicator capture the swing move between a high price and low price made between Jan 1st, 2024 till today.
Pipnotic Supply and DemandPipnotic Supply & Demand
The Pipnotic Supply & Demand Indicator for TradingView, is a sophisticated tool designed to transform your trading by high-lighting buy and sell zones and associated supply and demand. Go beyond conventional supply and demand analysis with Pipnotic's proprietary algorithms, meticulously crafted to pinpoint high-probability trading zones based on real-time price behaviour analysis.
Key Features
Proven Legacy, Enhanced for TradingView : Built upon the foundation of Pipnotic's original 2011 software, inspired by Chris Lori's teachings, this TradingView indicator brings years of refined analysis directly to your charts.
Automated Precision : Experience the ease of automated zone detection, eliminating the guesswork and allowing you to focus on strategic execution.
Liquidity-Centric Advantage : Align your trades with the powerful forces of institutional order flow, gaining insight into where the "smart money" is moving.
Seamless TradingView Integration : Enjoy a smooth, intuitive experience within the platform you love, with fully customizable settings and real-time alerts.
Multi-Timeframe Mastery : Track potential market-maker activity across multiple timeframes, providing a comprehensive view of market dynamics.
Intelligent Zone Combination : Pipnotic's algorithm simplifies your chart by qualifying and updating zones on your charts, changing their appearance based on prices interaction with them.
Screen-shots
About Pipnotic
Pipnotic was founded in 2011 by Sarid Harper. Sarid helped companies, many of which were banks, figure out how hackers get in and how to keep them out. His work with financial institutions is what sparked his interested in things related to trading.
Learn more: pipnotic.org
KJ RangesMTF Ranges by KJ PVP Trading
Weekly/ Daily/ H4/ H1:
- Opening Price
- Previous Range
- Pivot Points
- Time Rotation
Candlestick Pattern:
- Engulfing bar
- Pin bar
- Inside bar
Trader Notes:
- allow traders list out notes
Pipnotic Supply and DemandPrecision Liquidity Zones for Informed Decisions
Institutional Trading with Pipnotic's Liquidity-Driven Zones
Introducing the Pipnotic Supply & Demand Indicator for TradingView, a sophisticated tool designed to transform your trading approach. Go beyond conventional supply and demand analysis with Pipnotic's proprietary algorithms, meticulously crafted to pinpoint high-probability trading zones based on real-time liquidity distribution. This isn't just an indicator; it's your strategic advantage in understanding market-maker activity.
Why Pipnotic on TradingView?
Proven Legacy, Enhanced for TradingView : Built upon the foundation of Pipnotic's original 2011 software, inspired by Chris Lori's teachings, this TradingView indicator brings years of refined analysis directly to your charts.
Automated Precision : Experience the ease of automated zone detection, eliminating the guesswork and allowing you to focus on strategic execution.
Liquidity-Centric Advantage : Align your trades with the powerful forces of institutional order flow, gaining insight into where the "smart money" is moving.
Seamless TradingView Integration : Enjoy a smooth, intuitive experience within the platform you love, with fully customizable settings and real-time alerts.
Multi-Timeframe Mastery : Track potential market-maker activity across multiple timeframes, providing a comprehensive view of market dynamics.
Intelligent Zone Combination : Pipnotic's algorithm simplifies your chart by intelligently merging overlapping zones, highlighting the most critical areas of interest.
Clear Visual Cues : Leverage retest and break labelling to visualize potential trade triggers and capitalize on market movements.
Join the Thriving Pipnotic Community
Screen-shots
When you choose Pipnotic, you're not just getting a tool, you're joining a community of like-minded traders. Access exclusive insights, refine your strategies, and stay ahead of market trends with ongoing education and expert guidance.
Who is Pipnotic?
Pipnotic is a leading developer of advanced data analysis and trading tools, specializing in algorithmic solutions for the financial markets. We are committed to providing traders with cutting-edge indicators and automation tools that identify high-probability trading opportunities.
By harnessing the power of artificial intelligence, machine learning, and data-driven analysis, Pipnotic empowers you to navigate the complexities of modern financial markets with greater precision and confidence.
Transform your trading with Pipnotic Supply & Demand on TradingView. Learn more and take your trading to the next level at pipnotic.org
ORB Sessions w/ MidlineORB Sessions with Midline – Customizable Opening Range Breakout Indicator
📌 Overview:
This indicator allows traders to visualize Opening Range Breakout (ORB) sessions with customizable high, low, and midline levels. It supports both predefined ORB sessions and user-defined custom sessions. The ORB levels update in real-time and are automatically hidden on higher timeframes.
🔹 Features:
✅ Predefined ORB Sessions – Toggle commonly used ORB periods to match your strategy.
✅ Custom ORB Sessions – Define up to three additional ORB sessions with custom start and end times.
✅ Live ORB Updates – ORB high, low, and midline update dynamically as bars close within the session.
✅ Customizable Colors & Labels – Set unique colors for high, midline, and low levels, and enable/disable price labels.
✅ Smart Timeframe Filtering – ORB lines automatically hide on higher timeframes when they exceed the ORB duration.
✅ Futures Market Adjustments – Automatically shifts ORB session times for NQ, ES, YM, RTY, and M2K to align with market hours.
🛠️ How to Use:
1️⃣ Enable ORB Sessions – Select which predefined sessions you want to track.
2️⃣ Customize Your Own ORBs – Define up to three custom ORB sessions with specific start and end times.
3️⃣ Adjust Visualization – Modify ORB colors and labels for better chart clarity.
4️⃣ Trade ORB Breakouts – Use these key levels to identify potential breakouts, reversals, and trend continuation setups.
SENEE momentum indicator Ver#2Use the method of finding the difference between the current and previous closing prices and then sum the values in a given period.
In ver2, Demand and Supply zone and Greed and Fear zone have been added to help in decision making.
Good luck
ใช้หลักการหาส่วนต่างระหว่างราคาปิดปัจจุบันกับราคาปิดก่อนหน้า แล้วหาผลรวมในช่วงเวลาที่กำหนด
ในเวอร์ชัน 2 ได้เพิ่ม Demand & Supply zone และ Greed and Fear zone เข้ามาเพื่อช่วยในการตัดสินใจ
ขอให้โชคดี
Machine Learning + IchimokuIchimoku Cloud + Machine Learning Levels is an advanced indicator that merges a classic trend tool with machine-learned supply & demand zones. Combining the two can help traders identify trends and key price zones with greater confidence when both signals align!
How it Works
The Ichimoku Cloud component identifies the trend direction and momentum at a glance – it shows support/resistance areas via its cloud (Kumo) and signals potential trend changes when the Tenkan-sen and Kijun-sen lines cross. Meanwhile, the Machine Learning module analyzes historical price data to project potential support and resistance levels (displayed as horizontal lines) that the algorithm deems significant. By combining these, the script offers a two-layer confirmation: Ichimoku outlines the broader trend and equilibrium, while the ML levels pinpoint specific price levels where the price may react. For example, if price is above the Ichimoku Cloud (uptrend) and also near an ML-predicted support, the confluence of these signals strengthens the case for a bounce.
How to Use
Apply the indicator to a chart like any other TradingView script. It works on multiple asset classes (see supported list below). Once added:
Ichimoku Lines
Tenkan-sen (Blue): Short-term average reflecting recent highs/lows.
Kijun-sen (Red): Medium-term baseline for support/resistance.
Senkou Span A (Green) & Senkou Span B (Orange) form the “Cloud” (Kumo). Price above the Cloud often signals a bullish environment; price below it can signal a bearish environment.
Chikou Span (Purple): Plots current closing price shifted back, helping gauge momentum vs. past price.
ML-Predicted Support/Resistance Lines (Green/Red Horizontal Lines)
Green Horizontal Lines – Potential support zones.
Red Horizontal Lines – Potential resistance zones.
These dynamically adjust based on the specific asset and are updated as new historical data becomes available.
Password (for Advanced Features)
In the indicator’s Settings, there is an input field labeled “Password.” The password corresponds to the ticker(s) listed below.
Stocks
TSLA, NVDA, AAPL, AMZN, PLTR, AMD, META, MSFT, MSTR, GOOG, GME, COIN, NFLX, BABA, UBER, HOOD, NKE
Cryptocurrencies
ETH, BTC, SOL, BNB, XRP, ADA, DOT, DOGE, LTC, JUP, LINK, INJ, FET, SAND, HBAR, TRX, SHIB, UNI
(If you attach the indicator to any unlisted ticker, you will only see the Ichimoku Cloud.)
Why It’s Unique
This script is a fresh take on market analysis – it’s original in fusing Ichimoku’s visual trend mapping with machine learning. The Ichimoku framework provides time-proven trend insight, and the ML levels add forward-looking context specific to each asset. By uniting them, the indicator aims to filter out false signals and highlight high-probability zones. No repainting occurs: Ichimoku values are based on closed data, and ML levels are computed from historical patterns (they do not retroactively change).
Ichimoku Cloud + Machine Learning Levels offers an informative blend of old and new analysis techniques. It clearly shows where price is relative to trend (via Ichimoku) and where it might react in the future (via ML levels). Use it to gain a richer view of the market’s behavior. I hope this indicator provides valuable insights for your trading decisions. Happy trading!
Média Biweight de Tukey indicador "Média Biweight de Tukey" é uma média móvel robusta que utiliza a função Biweight de Tukey para suavizar a série de preços, minimizando a influência de outliers. Em vez de tratar todos os valores com a mesma importância, ele atribui pesos diferenciados a cada preço dentro do período definido, de modo que os pontos mais distantes do centro (valores extremos) têm menor influência no cálculo da média.
Principais Características
Robustez aos Outliers:
Utiliza uma função de peso baseada na distância dos preços em relação à média e ao desvio padrão. Valores que se afastam muito da média (acima de um limiar definido) recebem peso zero, reduzindo o impacto de movimentos bruscos e anômalos.
Parâmetros Ajustáveis:
O usuário pode definir o período de cálculo (por exemplo, 20 barras) e uma constante (c) que determina a sensibilidade do indicador aos outliers. Além disso, é possível escolher a fonte dos dados (como o preço de fechamento).
Cálculo Baseado em Valores Absolutos:
O indicador calcula a média simples e o desvio padrão dos preços dentro do período selecionado para estabelecer um ponto de referência.
Plotagem no Gráfico:
A média ponderada resultante é plotada sobre o gráfico dos candles. Como o indicador opera com valores absolutos de preço, ele permanece ancorado ao nível de preço, ou seja, mesmo que a escala dos candles seja modificada (dilatação ou contração), a linha da média mantém sua posição relativa ao preço e não se ajusta visualmente ao tamanho dos candles.
Aplicações
Esse indicador é útil para:
Suavizar a série de preços, ajudando a identificar tendências subjacentes.
Reduzir o ruído causado por flutuações abruptas e valores extremos.
Fornecer um suporte mais robusto para análise técnica, principalmente em mercados voláteis.
Em resumo, a "Média Biweight de Tukey" oferece uma alternativa mais resiliente às médias móveis tradicionais, focando em um cálculo que filtra distorções causadas por outliers e proporciona uma visão mais consistente da tendência de preço.
Multi Indicator Buy/Sell with BacktestThis backtest indicator allows you to configure up to 4 different indicators and set buy/sell levels for each one, then back test how well your strategy would have worked over a given time period.
Sessions pro v1 that visualizes multiple trading sessions on a chart. Here's a brief summary of its functionalities:
- **Session Visualization**: It defines up to four trading sessions (Session A, B, C, and D), which are customizable and correspond by default to major global markets:
- **Session A**: New York (`1300-2200` UTC)
- **Session B**: London (`0700-1600` UTC)
- **Session C**: Tokyo (`0000-0900` UTC)
- **Session D**: Sydney (`2100-0600` UTC)
- **Customization Options**:
- **Session Names**: Each session can be named as desired.
- **Time Ranges**: Custom time ranges can be set for each session.
- **Colors**: Users can choose specific colors for each session's visual elements.
- **Dashboard Display**:
- Shows a table on the chart indicating whether each session is currently active based on the real-time clock.
- The dashboard's position and size are customizable (e.g., Top Right, Bottom Center, Small, Large).
- Displays the status (`Active` or `Inactive`) for each session with color indicators (green for active, black for inactive).
**Purpose**:
This indicator helps traders:
- **Visual Analysis**: Easily see when major market sessions start and end.
- **Price Action**: Observe how prices move during different global trading hours.
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Daily Dividers
Core Functionality
Visual Separation of Days: Draws dashed vertical lines at the start of each trading day to clearly separate daily sessions.
Day Labels: Displays the name of the day (e.g., Monday, Tuesday) at the top of the chart for quick reference.
Purpose: Helps traders identify the beginning of new trading days and organize price action analysis by day.
Ideal for: Traders who need a clear visual structure for daily price movements.
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Daily and Weekly Change Tracking: 1D change / 1W change
Monitors and displays percentage changes in price for daily (1D) and weekly (1W) timeframes.
Color-Coded Visualization: Uses color coding to indicate positive (green) and negative (red) changes, enhancing quick visual analysis.
Historical Data Retrieval: Fetches past closing prices to calculate percentage changes, providing context for current price movements.
Dynamic Table Display: Presents changes in a structured table format, allowing for easy comparison across different symbols and timeframes.
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Overbuy/Oversell Dashboard
Core Functionality
Aggregates 19 Technical Indicators: Combines signals to calculate Overbuy and Oversell conditions.
Real-Time Signal Counting: Displays the total number of Overbuy/Oversell signals in a clean, color-coded table.
Key Features:
Overbuy: Green highlight with total signals.
Oversell: Red highlight with total signals.
Purpose: Helps traders identify potential reversal points by showing the strength of conditions across multiple indicators.
Ideal for: Quick market sentiment analysis and confirming trend reversals.
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Multi-Timeframe Trend Analysis:
Displays trends across various timeframes (1m, 3m, 5m, 15m, 30m, 1h, 2h, 4h, Daily, Weekly, Monthly).
User Customization: Users can choose which timeframes to display trends for, enhancing flexibility.
Real-Time Updates: Automatically updates trend status (Up/Down) based on the latest price movements.
Visual Dashboard: Presents trends in a table format for easy interpretation, with color-coded indicators for quick analysis.
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**Warning:**
This indicator is a tool for market analysis and should **not be used alone** for trading decisions. Always combine its signals with other technical analysis methods, risk management strategies, and fundamental analysis to make informed and balanced trading choices.
Moving Average DifferenceThe indicator computes the difference between m-day MA and n-day MA. It can be used to tell the price trend.
Advanced Support and Resistance Levels[MAP]Advanced Support and Resistance Levels Indicator
Author
Developed by:
Overview
The "Advanced Support and Resistance Levels" indicator, created, is a sophisticated tool designed for TradingView's Pine Script v6 platform. It identifies and plots key support and resistance levels on a price chart, enhancing technical analysis by incorporating pivot strength, volume weighting, and level decay. The indicator overlays lines, zones, and labels on the chart, providing a visual representation of significant price levels where the market has historically reversed or consolidated.
Purpose
This indicator, authored by , aims to:
Detect significant pivot points (highs and lows) with customizable strength requirements.
Track and rank support/resistance levels based on their recency, volume, and number of touches.
Display these levels as lines and optional zones, with strength-based visual cues (e.g., line thickness and opacity).
Offer flexibility through user-configurable settings to adapt to different trading styles and market conditions.
Features
Pivot Detection:
Identifies high and low pivots using a strength parameter, requiring a specified number of bars on either side where no higher highs or lower lows occur.
Incorporates closing price checks and SMA-based trend confirmation to filter out noise and ensure pivots align with the broader market direction.
Level Management:
Maintains a dynamic array of levels with attributes: price, type (support/resistance), bars since last touch, strength, and volume.
Merges nearby levels within a tolerance percentage, updating prices with a strength-weighted average.
Prunes weaker or older levels when exceeding the maximum allowed, prioritizing those with higher calculated strength.
Strength Calculation:
Combines the number of touches (strength), volume (if enabled), and age decay (if enabled) into a single metric.
Volume weighting uses a logarithmic scale to emphasize high-volume pivots without over-amplifying extreme values.
Age decay reduces the importance of older levels over time, ensuring relevance to current price action.
Visualization:
Draws horizontal lines at each level, with thickness reflecting the number of touches (up to a user-defined maximum).
Optional price zones around levels, sized as a percentage of the price, to indicate areas of influence.
Labels display the level type (S for support, R for resistance), price, and strength score, with position (left or right) customizable.
Line opacity varies with strength, providing a visual hierarchy of level significance.
Plots small triangles at detected pivot points for reference.
Inputs
Lookback Period (lookback, default: 20): Number of bars to consider for trend confirmation via SMA. Range: 5–100.
Pivot Strength (strength, default: 2): Number of bars required on each side of a pivot to confirm it. Range: 1–10.
Price Tolerance % (tolerance, default: 0.5): Percentage range for merging similar levels. Range: 0.1–5.
Max Levels to Show (maxLevels, default: 10): Maximum number of levels displayed. Range: 2–50.
Zone Size % (zoneSizePercent, default: 0.1): Size of the S/R zone as a percentage of the price. Range: 0–1.
Line Width (lineWidth, default: 1): Maximum thickness of level lines. Range: 1–5.
Show Labels (showLabels, default: true): Toggle visibility of level labels.
Label Position (labelPos, default: "Right"): Position of labels ("Left" or "Right").
Level Strength Decay (levelDecay, default: true): Enable gradual reduction in strength for older levels.
Volume Weighting (volumeWeight, default: true): Incorporate volume into level strength calculations.
Support Color (supportColor, default: green): Color for support levels.
Resistance Color (resistColor, default: red): Color for resistance levels.
How It Works
Pivot Detection:
Checks for pivots only after enough bars (2 * strength) have passed.
A high pivot requires strength bars before and after with no higher highs or closes, and a short-term SMA above a long-term SMA.
A low pivot requires strength bars before and after with no lower lows or closes, and a short-term SMA below a long-term SMA.
Level Tracking:
New pivots create levels with initial strength and volume.
Existing levels within tolerance are updated: strength increases, volume takes the maximum value, and price adjusts via a weighted average.
Levels older than lookback * 4 bars with strength below 0.5 are removed.
If the number of levels exceeds maxLevels, the weakest (by calculated strength) are pruned using a selection sort algorithm.
Drawing:
Updates on the last confirmed bar or in real-time.
Lines extend lookback bars left and right from the current bar, with thickness based on touches.
Zones (if enabled) are drawn symmetrically around the level price.
Labels show detailed info, with opacity tied to strength.
Usage
Add to Chart: Apply the indicator to any TradingView chart via the Pine Script editor, as designed by .
Adjust Settings: Customize inputs to match your trading strategy (e.g., increase strength for stronger pivots, adjust tolerance for tighter level merging).
Interpret Levels: Focus on thicker, less transparent lines for stronger levels; use zones to identify potential reversal areas.
Combine with Other Tools: Pair with trend indicators or oscillators for confluence in trading decisions.
Notes
Performance: The indicator uses arrays and sorting, which may slow down on very long charts with many levels. Keep maxLevels reasonable for efficiency.
Accuracy: Enhanced by trend confirmation and volume weighting, making it more reliable than basic S/R indicators, thanks to 's design.
Limitations: Real-time updates may shift levels as new pivots form; historical levels are more stable.
Example Settings
For day trading: lookback=10, strength=1, tolerance=0.3, maxLevels=5.
For swing trading: lookback=50, strength=3, tolerance=0.7, maxLevels=10.
Credits
Author: – Creator of this advanced support and resistance tool, blending precision and customization for traders.
Weekly Expected Move with TableThis indicator simply takes the values that you receive from the published chart from the discord group and places the lines on the chart for tracking along with a table.
Primarily for the NQ and ES.
Simply update the 2 weekly close and EM inputs.
This is to adjust for the differing "Settlement close" vs Trading View's Actual Close.
The Published value is the Exchange Settlement close value
Once you enter in the EM value. the IV from the "Options ATM" table will be reverse calculated and used for the Sigma 2 calculations completing the tables..
Since Options data is not present in Tradingview. we have to enter in the EM value from the chart published.
Looking to expand the indicator for additional symbols if there's interest
The Prediction row that's optional. simply provides a prediction of chance that price will hit the target upper and lowers.
Enjoy!
Market Participation Index [PhenLabs]📊 Market Participation Index
Version: PineScript™ v6
📌 Description
Market Participation Index is a well-evolved statistical oscillator that constantly learns to develop by adapting to changing market behavior through the intricate mathematical modeling process. MPI combines different statistical approaches and Bayes’ probability theory of analysis to provide extensive insight into market participation and building momentum. MPI combines diverse statistical thinking principles of physics and information and marries them for subtle changes to occur in markets, levels to become influential as important price targets, and pattern divergences to unveil before it is visible by analytical methods in an old-fashioned methodology.
🚀 Points of Innovation:
Automatic market condition detection system with intelligent preset selection
Multi-statistical approach combining classical and advanced metrics
Fractal-based divergence system with quality scoring
Adaptive threshold calculation using statistical properties of current market
🚨 Important🚨
The ‘Auto’ mode intelligently selects the optimal preset based on real-time market conditions, if the visualization does not appear to the best of your liking then select the option in parenthesis next to the auto mode on the label in the oscillator in the settings panel.
🔧 Core Components
Statistical Foundation: Multiple statistical measures combined with weighted approach
Market Condition Analysis: Real-time detection of market states (trending, ranging, volatile)
Change Point Detection: Bayesian analysis for finding significant market structure shifts
Divergence System: Fractal-based pattern detection with quality assessment
Adaptive Visualization: Dynamic color schemes with context-appropriate settings
🔥 Key Features
The indicator provides comprehensive market analysis through:
Multi-statistical Oscillator: Combines Z-score, MAD, and fractal dimensions
Advanced Statistical Components: Includes skewness, kurtosis, and entropy analysis
Auto-preset System: Automatically selects optimal settings for current conditions
Fractal Divergence Analysis: Detects and grades quality of divergence patterns
Adaptive Thresholds: Dynamically adjusts overbought/oversold levels
🎨 Visualization
Color-coded Oscillator: Gradient-filled oscillator line showing intensity
Divergence Markings: Clear visualization of bullish and bearish divergences
Threshold Lines: Dynamic or fixed overbought/oversold levels
Preset Information: On-chart display of current market conditions
Multiple Color Schemes: Modern, Classic, Monochrome, and Neon themes
Classic
Modern
Monochrome
Neon
📖 Usage Guidelines
The indicator offers several customization options:
Market Condition Settings:
Preset Mode: Choose between Auto-detection or specific market condition presets
Color Theme: Select visual theme matching your chart style
Divergence Labels: Choose whether or not you’d like to see the divergence
✅ Best Use Cases:
Identify potential market reversals through statistical divergences
Detect changes in market structure before price confirmation
Filter trades based on current market condition (trending vs. ranging)
Find optimal entry and exit points using adaptive thresholds
Monitor shifts in market participation and momentum
⚠️ Limitations
Requires sufficient historical data for accurate statistical analysis
Auto-detection may lag during rapid market condition changes
Advanced statistical calculations have higher computational requirements
Manual preset selection may be required in certain transitional markets
💡 What Makes This Unique
Statistical Depth: Goes beyond traditional indicators with advanced statistical measures
Adaptive Intelligence: Automatically adjusts to current market conditions
Bayesian Analysis: Identifies statistically significant change points in market structure
Multi-factor Approach: Combines multiple statistical dimensions for confirmation
Fractal Divergence System: More robust than traditional divergence detection methods
🔬 How It Works
The indicator processes market data through four main components:
Market Condition Analysis:
Evaluates trend strength, volatility, and price patterns
Automatically selects optimal preset parameters
Adapts sensitivity based on current conditions
Statistical Oscillator:
Combines multiple statistical measures with weights
Normalizes values to consistent scale
Applies adaptive smoothing
Advanced Statistical Analysis:
Calculates higher-order statistical moments
Applies information-theoretic measures
Detects distribution anomalies
Divergence Detection:
Uses fractal theory to identify pivot points
Detects and scores divergence quality
Filters signals based on current market phase
💡 Note:
The Market Participation Index performs optimally when used across multiple timeframes for confirmation. Its statistical foundation makes it particularly valuable during market transitions and periods of changing volatility, where traditional indicators often fail to provide clear signals.
