Quasimodo Pattern Strategy Back Test [TradingFinder] QM Trading🔵 Introduction
The QM pattern, also known as the Quasimodo pattern, is one of the popular patterns in price action, and it is often used by technical analysts. The QM pattern is used to identify trend reversals and provides a very good risk-to-reward ratio. One of the advantages of the QM pattern is its high frequency and visibility in charts.
Additionally, due to its strength, it is highly profitable, and as mentioned, its risk-to-reward ratio is very good. The QM pattern is highly popular among traders in supply and demand, and traders also use this pattern.
The Price Action QM pattern, like other Price Action patterns, has two types: Bullish QM and Bearish QM patterns. To identify this pattern, you need to be familiar with its types to recognize it.
🔵 Identifying the QM Pattern
🟣 Bullish QM
In the bullish QM pattern, as you can see in the image below, an LL and HH are formed. As you can see, the neckline is marked as a dashed line. When the price reaches this range, it will start its upward movement.
🟣 Bearish QM
The Price Action QM pattern also has a bearish pattern. As you can see in the image below, initially, an HH and LL are formed. The neckline in this image is the dashed line, and when the LL is formed, the price reaches this neckline. However, it cannot pass it, and the downward trend resumes.
🔵 How to Use
The Quasimodo pattern is one of the clearest structures used to identify market reversals. It is built around the concept of a structural break followed by a pullback into an area of trapped liquidity. Instead of relying on lagging indicators, this pattern focuses purely on price action and how the market reacts after exhausting one side of liquidity. When understood correctly, it provides traders with precise entry points at the transition between trend phases.
🟣 Bullish Quasimodo
A bullish Quasimodo forms after a clear downtrend when sellers start losing control. The market continues to make lower lows until a sudden higher high appears, signaling that buyers are entering with strength. Price then pulls back to retest the previous low, creating what is known as the Quasimodo low.
This area often becomes the final trap for sellers before the market shifts upward. A visible rejection or displacement from this zone confirms bullish momentum. Traders usually place entries near this level, stops below the low, and targets at previous highs or the next resistance zone. Combining the setup with demand zones or Fair Value Gaps increases its accuracy.
🟣 Bearish Quasimodo
A bearish Quasimodo forms near the top of an uptrend when buyers begin to lose strength. The market continues to make higher highs until a sudden lower low breaks the bullish structure, showing that selling pressure is entering the market. Price then retraces upward to retest the previous high, forming the Quasimodo high, where breakout buyers are often trapped.
Once rejection appears at this level, it indicates a likely reversal. Traders can enter short near this area, with stop-losses placed above the high and targets near the next support or previous lows. The setup gains more reliability when aligned with supply zones, SMT divergence, or bearish Fair Value Gaps.
🔵 Setting
Pivot Period : You can use this parameter to use your desired period to identify the QM pattern. By default, this parameter is set to the number 5.
Take Profit Mode : You can choose your desired Take Profit in three ways. Based on the logic of the QM strategy, you can select two Take Profit levels, TP1 and TP2. You can also choose your take profit based on the Reward to Risk ratio. You must enter your desired R/R in the Reward to Risk Ratio parameter.
Stop Loss Refine : The loss limit of the QM strategy is based on its logic on the Head pattern. You can refine it using the ATR Refine option to prevent Stop Hunt. You can enter your desired coefficient in the Stop Loss ATR Adjustment Coefficient parameter.
Reward to Risk Ratio : If you set Take Profit Mode to R/R, you must enter your desired R/R here. For example, if your loss limit is 10 pips and you set R/R to 2, your take profit will be reached when the price is 20 pips away from your entry point.
Stop Loss ATR Adjustment Coefficient : If you set Stop Loss Refine to ATR Refine, you must adjust your loss limit coefficient here. For example, if your buy position's loss limit is at the price of 1000, and your ATR is 10, if you set Stop Loss ATR Adjustment Coefficient to 2, your loss limit will be at the price of 980.
Entry Level Validity : Determines how long the Entry level remains valid. The higher the level, the longer the entry level will remain valid. By default it is 2 and it can be set between 2 and 15.
🔵 Results
The following examples show the backtest results of the Quasimodo (QM) strategy in action. Each image is based on specific settings for the symbol, timeframe, and input parameters, illustrating how the QM logic can generate signals under different market conditions. The detailed configuration for each backtest is also displayed on the image.
⚠ Important Note : Even with identical settings and the same symbol, results may vary slightly across different brokers due to data feed variations and pricing differences.
Default Properties of Backtests :
OANDA:XAUUSD | TimeFrame: 5min | Duration: 1 Year :
BINANCE:BTCUSD | TimeFrame: 5min | Duration: 1 Year :
CAPITALCOM:US30 | TimeFrame: 5min | Duration: 1 Year :
NASDAQ:QQQ | TimeFrame: 5min | Duration: 5 Year :
OANDA:EURUSD | TimeFrame: 5min | Duration: 5 Year :
PEPPERSTONE:US500 | TimeFrame: 5min | Duration: 5 Year :
チャートパターン
Multi-EMA Session Breakout Strategythis is a strategy that use the session high and low and the EMA LOWS 2 3 6 9 110 355 AND 480
Choch Pattern Levels WITH ALERTS [credit to: @BigBeluga]🔵 OVERVIEW
The Choch Pattern Levels WITH ALERTS indicator automatically detects Change of Character (CHoCH) shifts in market structure — crucial moments that often signal early trend reversals or major directional transitions. It plots the structural break level, visualizes the pattern zone with triangle overlays, and tracks delta volume to help traders assess the strength behind each move. Now, an additional feature of alerts have been included!
🔵 CONCEPTS
CHoCH Pattern: A bullish CHoCH forms when price breaks a previous swing high after a swing low, while a bearish CHoCH appears when price breaks a swing low after a prior swing high.
snapshot
Break Level Mapping: The indicator identifies the highest or lowest point between the pivot and the breakout, marking it with a clean horizontal level where price often reacts.
snapshot
Delta Volume Tracking: Net bullish or bearish volume is accumulated between the pivot and the breakout, revealing the momentum and conviction behind each CHoCH.
snapshot
Chart Clean-Up: If price later closes through the CHoCH level, the zone is automatically removed to maintain clarity and focus on active setups only.
🔵 FEATURES
Automatic CHoCH pattern detection using pivot-based logic.
Triangle shapes show structure break: pivot → breakout → internal high/low.
snapshot
snapshot
Horizontal level marks the structural zone with a ◯ symbol.
snapshot
Optional delta volume label with directional sign (+/−).
Green visuals for bullish CHoCHs, red for bearish.
Fully auto-cleaning invalidated levels to reduce clutter.
Clean organization of all lines, labels, and overlays.
User-defined Length input to adjust pivot sensitivity.
snapshot
NEW! - alert system inserted to Pinescript for either: any triangle forms or whether a bullish "green" triangle or bearish "red" triangle forms - providing real-time alerts for whenever timeframe chart you've selected while creating the alert.
🔵 HOW TO USE
Use CHoCH levels as early trend reversal zones or confirmation signals.
Treat bullish CHoCHs as support zones, bearish CHoCHs as resistance.
Look for high delta volume to validate the strength behind each CHoCH.
Combine with other BigBeluga tools like supply/demand, FVGs, or liquidity maps for confluence.
Adjust pivot Length based on your strategy — shorter for intraday, longer for swing trading.
🔵 CONCLUSION
Choch Pattern Levels WITH ALERTS highlights key structural breaks that can mark the start of new trends. By combining precise break detection with volume analytics and automatic cleanup, it provides actionable insights into the true intent behind price moves — giving traders a clean edge in spotting early reversals and key reaction zones with real-time alerts for precision to evaluate and enter markets.
4/8/15 EMA + Classic & Camarilla PivotsSays it all in the title...4/8/15 EMA + Classic & Camarilla Pivots without setting up difficult choices on TOS. Stay on the right side of the 15. Let it detach from the 8 and follow it up. If you are entangled in the 4/8, time to bail in my humble opinon. For Scalpers and intraday traders.
4/8/15 EMA + Classic & Camarilla PivotsEssentially this is what you can get on TOS but everything included in one chart.
4/8/15 EMA Overlaya simple script to overlay your 4/8/15. If it clears the 8, it usually will raise. If it stays entangled with the 4/8, it rarely breaks above.
Trendline Detector - 3 TimeframesThis advanced Pine Script indicator automatically identifies and draws diagonal support and resistance trendlines across three customizable timeframes simultaneously.
Key Features:
Multi-Timeframe Analysis: Configure three independent sets (A, B, C) to analyze different timeframes on a single chart
Smart Pivot Detection: Identifies local minimums and maximums based on open/close prices rather than wicks, reducing false signals from volatile candle shadows
Automatic Trendline Drawing: Calculates ascending support lines from pivot lows and descending resistance lines from pivot highs
Touch Validation: Only displays trendlines that meet your minimum touch requirements, ensuring statistical significance
Customizable Parameters: Full control over lookback period, pivot window size, deviation tolerance, and minimum touches for each timeframe
Visual Pivot Markers: Optional display of all detected pivot points with color-coded arrows (green for lows, red for highs)
Extended Lines: All valid trendlines extend to the right for forward projection
How It Works:
The indicator scans historical bars within your specified lookback period to identify pivot points. It then evaluates all possible trendline combinations, counting how many price points touch each potential line within your deviation tolerance. The trendline with the most touches (meeting your minimum requirement) is displayed.
Parameter Breakdown:
Each set (A, B, C) includes five critical parameters:
Timeframe: The chart timeframe for analysis (e.g., "1" for 1-minute, "15" for 15-minute, "1D" for daily)
Lookback Bars: How many historical bars to scan for pivot points (default: 250). Higher values capture longer-term trends but may increase computation time.
Min Touches: Minimum number of price touches required for a trendline to be considered valid (default: 3). Higher values ensure stronger, more reliable trendlines but may filter out emerging trends.
Deviation %: Percentage tolerance for what constitutes a "touch" (default: 0.1-1.0%). A 0.5% deviation means prices within 0.5% of the theoretical trendline are counted as touches. Lower values create stricter trendlines; higher values are more forgiving.
Pivot Window: Number of bars on each side used to identify local highs/lows (default: 5). A pivot window of 5 means the center bar must be the highest/lowest among 11 bars total (5 left + center + 5 right). Larger values identify more significant pivots but may miss shorter-term turning points.
Display Options:
Show Min/Max Points: Toggle visibility of pivot point markers to see exactly which price levels the algorithm identified as potential trendline anchors.
Perfect For:
Swing traders looking for multi-timeframe confluence zones
Technical analysts who rely on diagonal support/resistance levels
Traders who want automated trendline detection without manual drawing
Anyone seeking to identify trend channels and breakout opportunities
Color Coding:
Support lines are displayed in green with varying transparency, while resistance lines appear in red. Each timeframe set can be independently enabled/disabled based on which chart timeframe you're currently viewing, preventing clutter and maintaining clarity.
Technical Notes:
The indicator uses efficient algorithms to process large datasets while maintaining accuracy. It avoids repainting by only considering confirmed pivot points. The algorithm prioritizes trendlines with more touches and, in case of ties, favors more recent formations with steeper angles for maximum relevance.
Multi-EMA Strategy (Low Source)this strategy use the ema low for its functionality 8 9 110 355 and 480
Major exchages total Open interest & Long/Short OI trends📊 Indicator: Major Exchanges Total OI & Long/Short Trends
This Pine Script™ indicator is designed to provide a comprehensive analysis of Open Interest (OI) and Long/Short position trends across major cryptocurrency exchanges (Binance, Bybit, OKX, Bitget, HTX, Deribit). It serves as a powerful tool for traders seeking to understand market liquidity, participant positioning, and overall market sentiment.
🔑 Key Features and Functionalities
Aggregated Multi-Exchange Open Interest (OI):
Consolidates real-time Open Interest data from user-selected major cryptocurrency exchanges.
Provides a unified view of the total OI, offering insights into the collective market liquidity and the aggregate size of participants' open positions.
Visualized Combined OI Candles:
Presents the aggregated total OI data in a candlestick chart format.
Displays the Open, High, Low, and Close of the combined OI, with color variations indicating increases or decreases from the previous period. This enables intuitive visualization of OI trend shifts.
Estimated Long/Short OI and Visualization:
Calculates and visualizes estimated Long and Short position Open Interest based on the total aggregated OI data.
Estimation Logic:
Employs a sophisticated logic that considers both price changes and OI fluctuations to infer the balance between Long and Short positions. For instance, an increase in both price and OI may suggest an accumulation of Long positions, while a price decrease coupled with an OI increase might indicate growing Short positions.
Initial 50:50 Ratio:
The estimation for Long/Short OI begins with an assumption of a 50:50 ratio at the initial data point available for the selected timeframe. This establishes a neutral baseline, from which subsequent price and OI changes drive the divergence and evolution of the estimated Long/Short balance.
Flexible Visualization Options:
Allows users to display Long/Short OI data in either line or candlestick styles, with customizable color schemes. This flexibility aids in clearly discerning bullish or bearish positioning trends.
💡 Development Background
The development of this indicator stems from the critical importance of Open Interest data in the cryptocurrency derivatives market. Recognizing the limitations of analyzing individual exchange OI in isolation, the primary objective was to integrate data from leading exchanges to offer a holistic perspective on market sentiment and overall positioning dynamics.
The inclusion of the Long/Short position estimation feature is crucial for deciphering the specific directional biases of market participants, which is often not evident from raw OI data alone. This enables a deeper understanding of how positions are being accumulated or liquidated, moving beyond simple OI change analysis.
Furthermore, a key design consideration was to leverage the characteristic where the indicator's data start point dynamically adjusts with the chart's timeframe selection. This allows for the analysis of short-term Long/Short trends on shorter timeframes and long-term trends on longer timeframes. This inherent flexibility empowers traders to conduct analyses across various time scales, aligning with their diverse trading strategies.
🚀 Trading Applications
Leveraging Combined Open Interest (OI):
Trend Confirmation: A sustained increase in total OI signifies growing market interest and capital inflow, potentially confirming the strength of an existing trend. Conversely, decreasing OI may suggest diminishing participant interest or widespread position liquidation.
Validation of Price Extremes: If price forms a new high but OI fails to increase or declines, it could signal a potential trend reversal (divergence). Conversely, a sharp increase in OI during a price decline might indicate a surge in short positions or renewed selling pressure.
Identifying Volatility Triggers: Monitoring rapid shifts in OI during significant news events or market catalysts can help assess immediate market reactions and liquidity changes.
📈Utilizing Long/Short OI Trends
Assessing Market Bias: A sustained dominance or rapid increase in Long OI suggests a prevalent bullish sentiment, which could inform decisions to enter or maintain long positions. The inverse scenario indicates bearish sentiment and potential short entry opportunities.
Anticipating Squeezes: The indicator can help identify scenarios conducive to short or long squeezes. Excessive short positioning followed by a price uptick can trigger a short squeeze, leading to rapid price appreciation. Conversely, an oversupply of long positions preceding a price drop can result in a long squeeze and sharp declines.
Divergence Analysis: Divergences between price action and Long/Short OI estimates can signal potential trend reversals. For example, if price is rising but the increase in Long OI slows down or Short OI begins to grow, it may suggest weakening buying pressure.
🕔Timeframe-Specific Trend Analysis:
Shorter Timeframes (e.g., 1m, 5m, 15m): Ideal for identifying short-term shifts in participant positioning, beneficial for day trading and scalping strategies. Provides insights into immediate market reactions to price movements.
Longer Timeframes (e.g., 1h, 4h, Daily): Valuable for evaluating broader positioning trends and the sustainability or potential reversal of medium-to-long-term trends. Offers a macro perspective on Long/Short dynamics, suitable for swing trading or long-term investment strategies.
This indicator integrates complex market data, provides nuanced Long/Short position estimations, and offers multi-timeframe analytical capabilities, empowering traders to make more informed and strategic decisions.
MACD crossover while RSI Oversold/Overbought# MACD Crossover with RSI Overbought/Oversold Indicator Explained
## Indicator Overview
This is a trading signal system that combines two classic technical indicators: **MACD (Moving Average Convergence Divergence)** and **RSI (Relative Strength Index)**. Its core logic is: MACD crossover signals are only triggered when RSI is in extreme zones (overbought/oversold), thereby filtering out many false signals and improving trading accuracy.
## Core Principles
### 1. **Dual Confirmation Mechanism**
This indicator doesn't use MACD or RSI alone, but requires both conditions to be met simultaneously:
- **Short Signal (Orange Triangle)**: MACD bearish crossover (fast line crosses below signal line) + RSI was overbought (≥71)
- **Long Signal (Green Triangle)**: MACD bullish crossover (fast line crosses above signal line) + RSI was oversold (≤29)
### 2. **RSI Memory Function**
The indicator checks the RSI values of the current and past 5 candlesticks. As long as any one of them reaches the overbought/oversold level, the condition is satisfied. This design avoids overly strict requirements, as RSI may have already left the extreme zone before the MACD crossover occurs.
```pine
wasOversold = rsi <= 29 or rsi <= 29 or ... or rsi <= 29
wasOverbought = rsi >= 71 or rsi >= 71 or ... or rsi >= 71
```
## Parameter Settings
### MACD Parameters
- **Fast MA**: 12 periods (adjustable 7-∞)
- **Slow MA**: 26 periods (adjustable 7-∞)
- **Signal Line**: 9 periods
### RSI Parameters
- **Oversold Threshold**: 29 (traditional 30)
- **Overbought Threshold**: 71 (traditional 70)
- **Calculation Period**: 14
## Visual Elements
### 1. **Signal Markers**
- 🔻 **Orange Downward Triangle**: Appears above the candlestick, labeled "overbought", indicating a shorting opportunity
- 🔺 **Green Upward Triangle**: Appears below the candlestick, labeled "oversold", indicating a long opportunity
### 2. **Price Level Lines**
- **Orange Dashed Line**: Extends rightward from the high of the short signal, serving as a potential resistance level
- **Green Dashed Line**: Extends rightward from the low of the long signal, serving as a potential support level
Each time a new signal appears, the old level line is deleted, keeping only the most recent reference line.
## Trading Logic Explained
### Short Signal Scenario
1. Price rises, RSI surges above 71 (market overheated)
2. Momentum subsequently weakens, MACD fast line crosses below signal line
3. Indicator draws an orange triangle at the high, alerting to reversal risk
4. Orange dashed line marks the high point of the short entry position
### Long Signal Scenario
1. Price falls, RSI drops below 29 (market oversold)
2. Selling pressure exhausted, MACD fast line crosses above signal line
3. Indicator draws a green triangle at the low, suggesting a rebound opportunity
4. Green dashed line marks the low point of the long entry position
## Advantages and Limitations
### ✅ Advantages
- **Filters Noise**: Reduces false signals through dual confirmation
- **Captures Reversals**: Catches trend reversals in extreme conditions
- **Visual Clarity**: Level lines help identify support/resistance
- **Built-in Alerts**: Can set up message push notifications
### ⚠️ Limitations
- **Lag**: Both indicators are lagging, signals may be delayed
- **Poor Performance in Ranging Markets**: Prone to whipsaws during consolidation
- **Needs Other Analysis**: Should not be the sole decision-making basis
- **Parameter Sensitivity**: Different markets and timeframes may require parameter adjustments
## Practical Trading Suggestions
1. **Confirm Trend Context**: Counter-trend signals carry high risk in strong trending markets
2. **Combine with Candlestick Patterns**: Confirm with patterns (such as engulfing, hammer candles)
3. **Set Stop Losses**: Use level lines as stop-loss references (long stop below green line, short stop above orange line)
4. **Watch Volume**: Signals accompanied by high volume are more reliable
5. **Multi-Timeframe Verification**: Signals appearing simultaneously on daily and 4-hour charts are more credible
## Summary
This indicator follows the "mean reversion from extremes" philosophy, seeking reversal opportunities when market sentiment becomes excessive. It's suitable for auxiliary judgment, particularly in swing trading and position trading strategies. But remember, no indicator is perfect—always combine risk management and multi-dimensional analysis when making trading decisions
Trend Bars with Counter Table# TradingView Trend Bar Indicator Explained
## Indicator Overview
This is a TradingView indicator designed to identify and count **Trend Bars**. It not only visually marks strong bullish and bearish bars on the chart but also displays a data table in the upper right corner that tracks the distribution of trend bars across different periods, helping traders quickly assess market bias.
## Core Concept: What is a Trend Bar?
The indicator defines two types of trend bars:
### Bull Trend Bar
- **Condition**: Close > Open (bullish candle)
- **Strength Requirement**: Body size ≥ 75% of total candle range
```
Body Length = |Close - Open|
Total Candle Range = High - Low
Criteria: Body Length ≥ 0.75 × Total Candle Range
```
This means both upper and lower wicks are very short, representing a very strong bullish candle.
### Bear Trend Bar
- **Condition**: Close < Open (bearish candle)
- **Strength Requirement**: Body size ≥ 75% of total candle range
Similarly, this represents a strong bearish candle with minimal wicks and a full body.
## Visual Markers
The indicator marks qualifying candles with:
- **Green upward arrow**: Bull trend bar, appears below the candle
- **Red downward arrow**: Bear trend bar, appears above the candle
## Statistical Function
The indicator uses a **rolling array** (storing up to 1000 trend bars) to track historical data, then counts trend bar distribution across 5 different periods:
| Period | Statistical Range |
|--------|------------------|
| Group 1 | Last 7 trend bars |
| Group 2 | Last 15 trend bars |
| Group 3 | Last 21 trend bars |
| Group 4 | Last 29 trend bars |
| Group 5 | Last 35 trend bars |
**Note**: This counts "the last N trend bars," not "the last N candles." Only candles meeting the trend bar criteria are included.
## Data Table Interpretation
The table in the upper right corner contains 5 columns:
1. **Last N**: The set statistical range (7, 15, 21, 29, 35)
2. **Total**: Actual number of trend bars counted (may be less than target initially)
3. **Bull**: Number of bull trend bars (displayed in green)
4. **Bear**: Number of bear trend bars (displayed in red)
5. **Bias**: Market bias
- "bull" (green): More bull trend bars
- "bear" (red): More bear trend bars
## Practical Applications
### 1. Assess Short-term Momentum
Check the distribution of the last 7 trend bars. If bull trend bars dominate (e.g., 5:2), it indicates strong short-term buying pressure.
### 2. Identify Trend Strength
If multiple periods show the same Bias direction, the trend is very clear. For example, all 5 periods showing "bull" is a strong upward signal.
### 3. Spot Trend Reversals
When short-term bias (7 bars) opposes long-term bias (35 bars), it may signal a trend change in progress.
### 4. Combine with Other Indicators
Use this indicator alongside moving averages, support/resistance levels, and other tools to improve trading decision accuracy.
## Technical Highlights
- **Dynamic Array Management**: Uses `array.unshift()` to add new data at the array's beginning, ensuring the latest trend bars are always first
- **Efficient Statistics**: Quickly calculates bull/bear distribution through loop iteration over specified array ranges
- **Adaptive Display**: Shows actual available count when historical data is insufficient
- **Real-time Updates**: Only updates the table on the last bar to avoid unnecessary calculations
## Conclusion
The core value of this indicator lies in **quantifying price action**. By identifying strong candles with full bodies and clear direction, then tracking their distribution, traders can quickly grasp the balance of market forces and make more informed trading decisions. Whether for intraday trading or swing trading, this tool provides valuable reference information.
Session High-Low Box,
Session High-Low Box Session High-Low Box indicatorSession High-Low BoxSession High-Low BoxSession High-Low BoxSession High-Low BoxSession High-Low BoxSession High-Low BoxSession High-Low BoxSession High-Low BoxSession High-Low BoxSession High-Low BoxSession High-Low BoxSession High-Low BoxSession High-Low BoxSession High-Low BoxSession High-Low BoxSession High-Low BoxSession High-Low BoxSession High-Low BoxSession High-Low BoxSession High-Low BoxSession High-Low BoxSession High-Low Boxwrtvtrvwrtv4v2tr2Session High-Low Box24v2v2Session High-Low Box
TopBot [CHE] TopBot — Structure pivots with buffered acceptance and gradient trend visualization
Summary
TopBot detects swing structure from confirmed pivot highs and lows, derives support and resistance levels, and switches trend only after a buffered and accepted break. It renders labels for recent structure points, maintains dynamic support and resistance lines that freeze on contact, and colors candles using a gradient that reflects consecutive trend persistence. The gradient communicates strength without extra panels, while the buffered acceptance reduces fragile flips around key levels. Everything runs in the main chart for immediate context.
Motivation: Why this design?
Classical swing tools often flip on single-bar spikes and produce lines that extend forever without acknowledging when price invalidates them. This script addresses that by requiring a user-controlled buffer and a run of consecutive closes before changing trend, while also freezing lines once price interacts with them. The gradient color layer communicates regime persistence so users can quickly judge whether a move is maturing or just starting.
What’s different vs. standard approaches?
Baseline reference: Simple pivot labeling and unbuffered break-of-structure tools.
Architecture differences:
Buffered level testing using ticks, percent, or ATR.
Acceptance logic that requires multiple consecutive closes.
Synchronized structure labeling with a single Top and Bottom within the active set.
Progressive support and resistance management that freezes lines on first contact.
Gradient candle and wick coloring driven by consecutive trend counts with windowed normalization and gamma control.
Practical effect: Fewer whipsaw flips, clearer status of active levels, and visual feedback about trend persistence without a secondary pane.
How it works (technical)
The script confirms swing points using left and right bar pivots, then forms a current structure window to classify each pivot as higher high, lower high, higher low, or lower low. Recent labels are trimmed to a user cap, and a postprocess step ensures one highest and one lowest label while preserving side information for the others. Support updates on higher low events, resistance on lower high events. Trend flips only after the close has moved beyond the active level by a chosen buffer and this condition holds for a chosen number of consecutive bars. Lines for new levels extend to the right and freeze once price touches them. A running count of consecutive trend bars produces a strength score, which is normalized over a rolling window, shaped by gamma, and mapped to user-defined dark and neon colors for both up and down regimes. Wick coloring uses `plotcandle`; fallback bar coloring uses `barcolor`. No higher-timeframe data is requested. Signals confirm only after the right-bar lookback of the pivot function.
Parameter Guide
Left Bars / Right Bars (default five each): Pivot sensitivity. Larger values confirm later and reduce noise; smaller values respond faster with more noise.
Draw S/R Lines (default true): Enables support and resistance line creation and updates.
Support / Resistance Colors (lime, red): Line colors for each side.
Line Style (Solid, Dashed, Dotted; default Dotted) and Width (default three): Visual style of S/R lines.
Max Labels & Lines (default ten): Cap for objects to control clutter and resource usage.
Change Bar Color (default true), Up/Down colors (blue, black): Fallback bar coloring when gradients or wick coloring are disabled.
Show Neutral Candles (default false): Optional coloring when no trend is active.
Enable Gradient Bar Colors (default true): Turns on gradient body coloring from the strength score.
Enable Wick Coloring (default true): Colors wicks and borders using `plotcandle`.
Collection Period (default one hundred): Rolling window used to scale the strength score. Shorter windows react faster but vary more.
Gamma Bars / Gamma Plots (defaults zero point seven and zero point eight): Shapes perceived contrast of bar and wick gradients. Lower values brighten early; higher values compress until stronger runs appear.
Gradient Transparency / Wick Transparency (default zero): Visual transparency for bodies and wicks.
Up/Down Trend Dark and Neon Colors: Endpoints for gradient mapping in each regime.
Acceptance closes (n) (default two): Number of consecutive closes beyond a level required before trend flips. Larger values reduce false breaks but react later.
Break buffer (None, Ticks, Percent, ATR; default ATR) and Value (default zero point five) and ATR Len (default fourteen): Defines the safety margin beyond the level. ATR mode adapts to volatility; Percent and Ticks are static.
Reading & Interpretation
Labels: “Top” and “Bottom” mark the most extreme points in the active set; “LT” and “HB” indicate side labels for lower top and higher bottom.
Lines: New support or resistance is drawn when structure confirms. A line freezes once price touches it, signaling that the dynamic phase ended.
Trend: Internal state switches to up or down only after buffered acceptance.
Colors: Brighter neon tones indicate stronger and more persistent runs; darker tones suggest early or weakening runs. When gradients are off, fallback bar colors indicate trend sign.
Practical Workflows & Combinations
Trend following: Wait for a buffered and accepted break through the most recent level, then use gradient intensity to stage entries or scale-ins.
Structure-first filtering: Trade only in the direction of the last accepted trend while price remains above support or below resistance.
Exits and stops: Consider exiting on loss of gradient intensity combined with a return through the most recent structure level.
Multi-asset / Multi-timeframe: Works on liquid symbols across common timeframes. Use larger pivot bars and higher acceptance on lower timeframes. No built-in higher-timeframe aggregation is used.
Behavior, Constraints & Performance
Repaint/confirmation: Pivot confirmation waits for the right bar window; trend acceptance is based on closes and can change during a live bar. Final signals stabilize on bar close.
security/HTF: Not used. No cross-timeframe data.
Resources: Arrays and loops are used for labels, lines, and structure search up to a capped historical span. Object counts are clamped by user input and platform limits.
Known limits: Delayed confirmation at sharp turns due to pivot windows; rapid gaps can jump over buffers; gradient scaling depends on the chosen collection period.
Sensible Defaults & Quick Tuning
Start with the defaults: pivot windows at five, ATR buffer with value near one half, acceptance at two, collection period near one hundred, gamma near zero point seven to zero point eight.
Too many flips: increase acceptance, increase buffer value, or increase pivot windows.
Too sluggish: reduce acceptance, reduce buffer value, or reduce pivot windows.
Colors too flat: lower gamma or shorten the collection period.
Visual clutter: reduce the max labels and lines cap or disable wicks.
What this indicator is—and isn’t
This is a visualization and signal layer that encodes swing structure, level state, and regime persistence. It is not a complete trading system, not predictive, and does not manage orders. Use it with broader context such as higher timeframe structure, session behavior, and defined risk controls.
Disclaimer
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
Do not use this indicator on Heikin-Ashi, Renko, Kagi, Point-and-Figure, or Range charts, as these chart types can produce unrealistic results for signal markers and alerts.
Best regards and happy trading
Chervolino
Acknowledgment
Thanks to LonesomeTheBlue for the fantastic and inspiring "Higher High Lower Low Strategy" .
Original script:
Credit for the original concept and implementation goes to the author; any adaptations or errors here are mine.
Smart VWAP FVG SystemSmart VWAP FVG System - Professional Multi-Filter Trading Indicator
📊 OVERVIEW
The Smart VWAP FVG System is an advanced multi-layered trading indicator that combines institutional volume analysis, multi-timeframe VWAP trend confirmation, and Fair Value Gap detection to identify high-probability trade entries. This indicator uses a sophisticated filtering mechanism where signals appear only when multiple independent confirmation criteria align simultaneously.
Recommended Timeframe: 5-minute (M5) or higher. The indicator works best on M5, M15, and M30 charts for intraday trading.
🎯 ORIGINALITY & PURPOSE
This indicator is original because it combines three distinct analytical methods into a unified decision-making system:
Market Profile Volume Analysis - Identifies institutional accumulation/distribution zones
Dual VWAP Filtering - Confirms trend direction using two independent VWAP calculations
Fair Value Gap Detection - Validates institutional interest through price inefficiency zones
The key innovation is the directional filter system: the primary Market Profile generates BUY-ONLY or SELL-ONLY states based on higher timeframe value area reversals, which then controls which signals from the main system are displayed. This creates a multi-timeframe confluence that significantly reduces false signals.
Unlike simple indicator mashups, each component serves a specific purpose:
Market Profile → Direction bias (trend filter)
Primary VWAP (Session) → Short-term trend confirmation
Secondary VWAP (Week) → Medium-term trend confirmation
FVG Detection → Institutional activity validation
🔧 HOW IT WORKS
1. Primary Market Profile Filter (Higher Timeframe)
The indicator calculates Market Profile on a higher timeframe (default: 1 hour) to determine the overall market structure:
Value Area High (VAH): Top 70% of volume distribution
Value Area Low (VAL): Bottom 70% of volume distribution
Point of Control (POC): Price level with highest volume
When price reaches VAH and reverses down → SELL-ONLY mode activated
When price reaches VAL and reverses up → BUY-ONLY mode activated
This higher timeframe filter ensures you're trading in the direction of institutional flow.
2. Dual VWAP System
Two independent VWAP calculations provide multi-timeframe trend confirmation:
Primary VWAP (Session-based): Resets daily, tracks intraday momentum
Secondary VWAP (Week-based): Resets weekly, confirms longer-term trend
Filter Logic:
BUY signals require: Price > Primary VWAP AND Price > Secondary VWAP
SELL signals require: Price < Primary VWAP AND Price < Secondary VWAP
This dual confirmation prevents counter-trend trades during ranging conditions.
3. Fair Value Gap (FVG) Detection
FVG zones identify price inefficiencies where institutional orders were executed rapidly:
Bullish FVG: Gap between candle .high and candle .low (upward imbalance)
Bearish FVG: Gap between candle .high and candle .low (downward imbalance)
The indicator monitors recent FVG formation (lookback: 50 bars) and requires:
Bullish FVG present for BUY signals
Bearish FVG present for SELL signals
FVG zones are displayed as colored boxes and automatically marked as "mitigated" when price fills the gap.
4. Main Trading Signal Logic
The secondary Market Profile (default: 1 hour) generates the actual trading signals:
BUY Signal Conditions:
Price reaches Value Area Low
Reversal pattern confirmed (minimum 1 bar)
Price > Primary VWAP
Price > Secondary VWAP (if filter enabled)
Recent Bullish FVG detected (if filter enabled)
Primary MP Filter = BUY-ONLY or NEUTRAL
SELL Signal Conditions:
Price reaches Value Area High
Reversal pattern confirmed (minimum 1 bar)
Price < Primary VWAP
Price < Secondary VWAP (if filter enabled)
Recent Bearish FVG detected (if filter enabled)
Primary MP Filter = SELL-ONLY or NEUTRAL
All conditions must be TRUE simultaneously for a signal to appear.
📈 VISUAL ELEMENTS
On Chart:
🟢 Green Triangle (▲) = BUY Signal
🔴 Red Triangle (▼) = SELL Signal
🟦 Blue horizontal lines = Value Area zones
🟡 Yellow line = Point of Control (POC)
🟩 Green boxes = Bullish FVG zones
🟥 Red boxes = Bearish FVG zones
🔵 Blue line = Primary VWAP (Session)
⚪ White line = Secondary VWAP (Week)
Info Panel (Top Right):
Real-time status display showing:
Filter Direction (BUY ONLY / SELL ONLY / NEUTRAL)
Active timeframes for both MP filters
FVG filter status and count
VWAP positions (ABOVE/BELOW)
Signal enablement status
Alert status
⚙️ KEY SETTINGS
MP/TPO Filter Settings (Primary Indicator)
MP Filter Time Frame: 60 minutes (controls directional bias)
Filter Value Area %: 70% (standard Market Profile calculation)
Filter Alert Distance: 1 bar
Filter Min Bars for Reversal: 1 bar
Filter Alert Zone Margin: 0.01 (1%)
FVG Filter Settings
Use FVG Filter: Enabled (toggle on/off)
FVG Timeframe: 60 minutes (1 hour)
FVG Filter Mode: Both (require bullish FVG for BUY, bearish for SELL)
FVG Lookback Period: 50 bars (how far back to search)
Show FVG Formation Signals: Optional visual markers
Max FVG on Chart: 50 zones
Show Mitigated FVG: Display filled gaps
Market Profile Settings
Higher Time Frame: 60 minutes (for main signals)
Percent for Value Area: 70%
Show POC Line: Enabled
Keep Old MPs: Enabled (maintain historical profiles)
Primary VWAP Filter
Use Primary VWAP Filter: Enabled
Primary VWAP Anchor Period: Session (resets daily)
Primary VWAP Source: HLC3 (typical price)
Secondary VWAP Filter
Use Secondary VWAP Filter: Enabled
Secondary VWAP Anchor Period: Week (resets weekly)
Secondary VWAP Filter Mode: Both
Secondary VWAP Line Color: White
Trading Signals
Show Trading Signals on Chart: Enabled
Show SELL Signals: Enabled
Show BUY Signals: Enabled
Alert Distance: 1 bar
Min Bars for Reversal: 1 bar
Alert Zone Margin: 0.01 (1%)
Retest Search Period: 20 bars
Min Bars Between Retests: 5 bars
Show Only Retests: Disabled
Alert Settings
Enable Trading Notifications: Enabled
VAH Reversal Alert: Enabled (SELL signals)
VAL Reversal Alert: Enabled (BUY signals)
Time Filter Settings
Filter Alerts By Time: Optional (exclude specific hours)
⚠️ IMPORTANT WARNINGS & LIMITATIONS
1. Repainting Behavior
CRITICAL: This indicator uses lookahead=barmerge.lookahead_on to access higher timeframe data immediately for FVG detection. This is necessary to provide real-time FVG zone visualization but has the following implications:
FVG zones may shift slightly until the higher timeframe candle closes
FVG detection signals are preliminary until HTF bar confirmation
The main trading signals (triangles) appear on confirmed bars and do not repaint
Best Practice: Always wait for the current timeframe bar to close before acting on signals. The filter status and FVG zones are informational but may adjust as new data arrives.
2. Minimum Timeframe
Do NOT use on timeframes below 5 minutes (M5)
Recommended: M5, M15, M30 for intraday trading
Higher timeframes (H1, H4) can also be used but will generate fewer signals
3. Multiple Filters Can Block Signals
By design, this indicator is conservative. When all filters are enabled:
Signals appear ONLY when all conditions align
You may see extended periods with no signals
This is intentional to reduce false positives
If you see no signals:
Check the Info Panel to see which filters are failing
Consider adjusting FVG lookback period
Temporarily disable FVG filter to test
Verify VWAP filters match current market trend
4. Market Profile Limitations
Market Profile requires sufficient volume data
Low-volume instruments may produce unreliable profiles
Value Areas update only on higher timeframe bar close
Works best on liquid markets (major forex pairs, indices, crypto)
📖 HOW TO USE
Step 1: Add to Chart
Apply indicator to M5 or higher timeframe chart
Ensure chart shows volume data
Use standard candles (NOT Heikin Ashi, Renko, etc.)
Step 2: Configure Settings
Primary MP Filter TF: Set to 60 (1 hour) minimum, or 240 (4 hour) for swing trading
Main MP TF: Set to 60 (1 hour) for intraday signals
FVG Timeframe: Match or exceed main MP timeframe
Leave other settings at default initially
Step 3: Understand the Info Panel
Monitor the top-right panel:
FILTER STATUS: Shows current directional bias
NEUTRAL = Both signals allowed
BUY ONLY = Only green triangles will appear
SELL ONLY = Only red triangles will appear
FVG Filter: Shows if bullish/bearish gaps detected recently
VWAP positions: Confirms trend alignment
Step 4: Take Signals
For BUY Signal (Green Triangle ▲):
Wait for green triangle to appear
Check Info Panel shows ✓ for BUY signals
Confirm current bar has closed
Enter long position
Stop loss: Below recent VAL or swing low
Target: Previous Value Area High or 1.5-2× risk
For SELL Signal (Red Triangle ▼):
Wait for red triangle to appear
Check Info Panel shows ✓ for SELL signals
Confirm current bar has closed
Enter short position
Stop loss: Above recent VAH or swing high
Target: Previous Value Area Low or 1.5-2× risk
Step 5: Risk Management
Risk per trade: Maximum 1-2% of account equity
Position sizing: Adjust based on stop loss distance
Avoid trading: During major news events or time filter periods
Multiple confirmations: Look for confluence with price action (support/resistance, trendlines)
🎓 UNDERLYING CONCEPTS
Market Profile Theory
Developed by J. Peter Steidlmayer in the 1980s, Market Profile organizes price and volume data to identify:
Value Areas: Where 70% of trading activity occurred
POC: Price level with highest acceptance (most volume)
Imbalances: When price moves away from value quickly
This indicator uses TPO (Time Price Opportunity) calculation method to build the volume profile distribution.
VWAP (Volume Weighted Average Price)
VWAP represents the average price weighted by volume, showing where institutional traders are positioned:
Price above VWAP = Bullish (institutions accumulated lower)
Price below VWAP = Bearish (institutions distributed higher)
Using dual VWAP (Session + Week) creates multi-timeframe trend alignment.
Fair Value Gaps (FVG)
Also known as "imbalance" or "inefficiency," FVG occurs when:
Price moves so rapidly that a gap forms in the candlestick structure
Indicates institutional order flow (large market orders)
Price often returns to "fill" these gaps (rebalance)
The 3-candle FVG pattern (gap between candle and candle ) is widely used in ICT (Inner Circle Trader) methodology and Smart Money Concepts.
🔍 CREDITS & CODE ATTRIBUTION
This indicator builds upon established technical analysis concepts and combines multiple methodologies:
1. Market Profile / TPO Calculation
Concept Origin: J. Peter Steidlmayer (Chicago Board of Trade, 1980s)
Code Inspiration: TradingView's public domain Market Profile examples
Modifications: Custom filtering logic for directional bias, dual timeframe implementation
2. VWAP Calculation
Concept Origin: Standard financial instrument (widely used since 1980s)
Code Base: TradingView built-in ta.vwap() function (public domain)
Modifications: Dual VWAP system with independent anchor periods, custom filtering modes
3. Fair Value Gap Detection
Concept Origin: Inner Circle Trader (ICT) / Smart Money Concepts methodology
Code Implementation: Original implementation based on 3-candle gap pattern
Features: Multi-timeframe detection, automatic mitigation tracking, visual zone display
4. Pine Script Framework
Language: Pine Script v6 (TradingView)
Built-in Functions Used:
ta.vwap() - Volume weighted average price
request.security() - Higher timeframe data access
ta.change() - Period detection
ta.cum() - Cumulative volume
time() - Timestamp functions
Note: All code is original implementation. While concepts are based on established trading methodologies, the combination, filtering logic, and execution are unique to this indicator.
📊 RECOMMENDED INSTRUMENTS
Best Performance:
Major Forex Pairs (EURUSD, GBPUSD, USDJPY)
Stock Indices (ES, NQ, SPX, DAX)
Major Cryptocurrencies (BTCUSD, ETHUSD)
Liquid Stocks (high daily volume)
Avoid:
Low-volume altcoins
Illiquid stocks
Exotic forex pairs with wide spreads
⚡ PERFORMANCE TIPS
Start Conservative: Enable all filters initially
Reduce Filters Gradually: If too few signals, disable Secondary VWAP filter first
Match Timeframes: Keep MP Filter TF and FVG TF at same value
Backtest First: Review historical performance on your preferred instrument/timeframe
Combine with Price Action: Look for support/resistance confluence
Use Time Filter: Avoid low-liquidity hours (optional setting)
🚫 WHAT THIS INDICATOR DOES NOT DO
Does not guarantee profits - No trading system is 100% accurate
Does not predict the future - Based on historical patterns
Does not replace risk management - Always use stop losses
Does not work on all instruments - Requires volume data and liquidity
Does not provide exact entry/exit prices - Signals are zones, not precise levels
Does not account for fundamentals - Purely technical analysis
📜 DISCLAIMER
This indicator is provided for educational and informational purposes only. It is not financial advice, and past performance does not guarantee future results.
Trading Risk Warning:
All trading involves risk of loss
You can lose more than your initial investment (leverage products)
Only trade with capital you can afford to lose
Always use appropriate position sizing and risk management
Consider seeking advice from a licensed financial advisor
Technical Limitations:
Indicator may repaint FVG zones until HTF bar closes
Signals are based on historical patterns that may not repeat
Market conditions change and no system works in all environments
Volume data quality varies by exchange/broker
By using this indicator, you acknowledge these risks and agree that the author bears no responsibility for trading losses.
📞 SUPPORT & UPDATES
Questions? Comment on this publication
Issues? Describe the problem with chart screenshot
Feature Requests? Suggest improvements in comments
Updates: Will be published as new versions using TradingView's update feature
📝 VERSION HISTORY
Version 1.0 (Current)
Initial public release
Multi-filter system: MP + Dual VWAP + FVG
Directional bias filter
Real-time info panel
Comprehensive alert system
Time-based filtering
Thank you for using Smart VWAP FVG System!
Happy Trading! 📈
BRS STC Schaff Trend CycleSTC with custom settings for 2min charts; Buy/Sell signals are close, but works very well with other indicators for validation; Borrowed from everget and another;
EMA Crossover with RSI Signals( Khalid)This script includes:
Key Features:
Strong Buy Signal: Green upward triangle below the bar when:
9 EMA crosses above 21 EMA
RSI is above 55
Strong Sell Signal: Red downward triangle above the bar when:
9 EMA crosses below 21 EMA
RSI is below 45
Visual Elements:
Yellow 9 EMA line
Orange 21 EMA line
Purple RSI line in a separate window
Clear buy/sell signals with labels
Background coloring when RSI is in buy/sell zones
Information table showing current RSI and EMA9 values
Customization:
You can adjust all parameters in the settings:
EMA lengths
RSI length
RSI buy/sell levels
How to use:
Copy this code into TradingView's Pine Editor
Add it to your chart
The signals will appear as triangles with "STRONG BUY" or "STRONG SELL" labels
Alerts will trigger when signals occur
The script also includes background coloring to help visualize when RSI is in favorable conditions for potential trades.
Seasonality Forecast Line (White BG • Stable)Seasonality Forecast Line (White BG • Stable)
Seasonality Forecast Line (White BG • Stable)
Seasonality Forecast Line (White BG • Stable)
Session High and Lowmarks out previous NY session high/low, asian and london session high/low and updates automatically. Perfect indicator for overnight liquidity.
ES on MNQES on MNQ — ES percent-move overlay on the MNQ price scale
Overview
This indicator projects the ES’s intraday percent change since session open onto the MNQ price scale. At the session start (18:00 global chart time), it stores the ES open and the MNQ open, tracks ES’s percentage move from that anchor, and applies the same percent move to the MNQ open. The result is a single line that behaves like ES but is plotted in MNQ points—useful for spotting convergence/divergence, failed breaks, and mean-reversion setups between ES and MNQ.
How it works
1. Detects session open (18:00 on your chart).
2. Saves ES_open and MNQ_open.
3. Computes pct = (ES_close - ES_open) / ES_open.
4. Plots MNQ_open * (1 + pct) as the ES-on-MNQ line.
A label on the last bar shows the current ES value for quick reference.
Inputs
• ES Symbol: default ES1! (change if you use a different continuous).
• Line Color: color of the overlaid ES-on-MNQ line.
Works best on intraday timeframes and when your chart’s session aligns with ES.
Why it’s useful
• Highlights divergences (MNQ decoupling from ES baseline).
• Aids confirmation on pullbacks/breakouts when MNQ’s move disagrees with the ES-based projection.
• Helps risk control by flagging stretches likely to revert toward the ES-anchored path.
Notes & limitations
• This is a percent-rebasing overlay, not a hedge ratio, fair value, or spread model.
• Session/timezone settings matter; if your feed doesn’t print exactly at 18:00 on a higher timeframe, use a smaller TF or adjust session settings.
• Minor differences between ES (full) and MNQ (micro) and data latency can create small offsets.
Disclaimer
For educational use only. Not financial advice. Use proper risk management.
Order Block Zones (Multi, Retest Highlight & Invalidation)A easy OB identificator with the conditon that it should be followed with at-least three strong/weak candles. Highlighted when re-tested (search for entry) and unvalidated once the "opposite" candle closes above/under the zone. Zones valid for 5 days then deleted.
V0.1
iFVG CE Break with alertHere’s a clear, user-friendly rundown of what the indicator does and how to tune it.
What it does
- Detects Fair Value Gaps (FVGs) in both directions:
- UP FVG (bearish imbalance) and DOWN FVG (bullish imbalance).
- Draws the CE (Consequence/Equilibrium) line for each FVG (default yellow, dotted).
- Entry arrows (iFVG): plots an arrow when the candle body breaks & closes across a stored CE, both up and down.
- Keeps a history of past CEs (per side) and will still signal even if the original FVG has been mitigated/filled
Signals & logic
- Body break rules:
- Up arrow: open <= CE and close > CE.
- Down arrow: open >= CE and close < CE.
- Multiple triggers per CE: each CE can fire up to 3 times (configurable).
- One arrow per bar per direction: if several CEs are crossed the same bar, you still get a single up and/or down arrow on that bar (cleaner chart).
- History window: checks the last N CEs per side (default 1 for early entry, range 1–10)






















