WP NEO Superman 01The provided Pine Script code consists of three distinct scripts that implement various technical analysis tools for trading on the TradingView platform. Below is a summary of each script's functionality:
SCRIPT 1: WP NEO Superman
Purpose: Implements a SuperTrend indicator based on Average True Range (ATR).
Key Features:
ATR Calculation: Users can choose between a standard ATR calculation or a simple moving average of the true range.
Trend Detection: Identifies uptrends and downtrends based on the closing price relative to calculated upper and lower bands.
Buy/Sell Signals: Generates buy signals when the trend changes from down to up and sell signals when it changes from up to down.
Visual Elements: Plots the trend lines, buy/sell signals, and optional highlighting of the trend areas.
Alerts: Configurable alerts for buy/sell signals and trend direction changes.
SCRIPT 2: Moving Average Ribbon
Purpose: Creates a customizable moving average ribbon with multiple moving averages.
Key Features:
Multiple Moving Averages: Users can add up to four different moving averages (SMA, EMA, SMMA, WMA, VWMA) with customizable lengths and colors.
Display Options: Each moving average can be toggled on or off for visibility.
User Inputs: Allows users to set the source price, length, and type of moving average for each of the four moving averages.
SCRIPT 3: Smarter SnR (Support and Resistance)
Purpose: Identifies and displays support and resistance levels using pivot points and trendlines.
Key Features:
Pivot Points: Calculates swing high and low pivot points to determine support and resistance levels.
Trendlines: Draws trendlines based on the most recent pivot points and can show price levels.
Alerts: Configurable alerts for breakouts above resistance and below support levels.
Dashboard: Displays a dashboard with support/resistance levels and trendline prices.
Quotes Table: Allows users to display a customizable quotes table on the chart.
Additional Features Across Scripts:
User Inputs: Each script includes various user inputs for customization, allowing traders to tailor the indicators to their preferences.
Visual Representation: All scripts utilize visual elements such as lines, shapes, and labels to enhance the user experience and provide clear signals on the chart.
Alerts: Alerts are integrated into all scripts to notify users of significant events, such as trend changes or price breakouts.
Conclusion
These scripts provide a comprehensive toolkit for traders, combining trend analysis, moving averages, and support/resistance levels to facilitate informed trading decisions. Users can customize the indicators to fit their trading strategies and preferences, making them versatile tools for technical analysis.
"DISCLAIMER ON"
Superman Arived
Educational
Consistency Rule CalculatorThis script, titled "Consistency Rule Calculator" is designed for use on the TradingView platform. It allows traders to input specific values related to their account, daily highest profit, and a consistency rule (as a decimal).
The script then calculates the "Amount Needed to Withdraw" based on the user's input. This value is calculated using the formula:
Amount Needed to Withdraw = (Daily Highest Profit/Consistency Rule )+ Account Type
Each prop firm has its own consistency rule. Follow their rule, and you will be second to payout!
Additionally, it displays the input values and the calculated amount in a customizable table on the chart. The table is formatted with colors for clarity, and it provides a motivational quote about successful trading. Plus, user can adjust the table's position on the screen.
Trading Tool Beta v1.0This indicator show possibleentry and exit for swing trader with support and resistance.
added support and resistance and trend line by other pine coder.
Session Bar/Candle ColoringChange the color of candles within a user-defined trading session. Borders and wicks can be changed as well, not just the body color.
PREFACE
This script can be used an educational resource for those who are interested in learning Pine Script. Therefore, the script is published open source and is organized in a manner that follows the recommended Style Guide .
While the main premise of the indicator is rather simple, the script showcases various things that can be achieved such as conditional plotting, alignment of indicator settings, user input validation, script optimization, and more. The script also has examples of taking into consideration the chart timeframe and/or different chart types (Heikin Ashi, Renko, etc.) that a user might be running it on. Note: for complete beginners, I strongly suggest going through the Pine Script User Manual (possibly more than once).
FEATURES
Besides being able to select a specific time window, the indicator also provides additional color settings for changing the background color or changing the colors of neutral/indecisive candles, as shown in the image below.
This allows for a higher level of customization beyond the TradingView chart settings or other similar scripts that are currently available.
HOW TO USE
First, define the intraday trading session that will contain the candles to modify. The session can be limited to specific days of the week.
Next, select the parts of the candles that should be modified: Body, Borders, Wick, and/or Background.
For each of the candle parts that were enabled, you can select the colors that will be used depending on whether a candle is bullish (⇧), bearish (⇩), or neutral (⇆).
All other indicator settings will have a detailed tooltip to describe its usage and/or effect.
LIMITATIONS
The indicator is not intended to function on Daily or higher timeframes due to the intraday nature of session time windows.
The indicator cannot always automatically detect the chart type being used, therefore the user is requested to manually input the chart type via the " Chart Style " setting.
Depending on the available historical data and the selected choice for the " Portion of bar in session " setting, the indicator may not be able to update very old candles on the chart.
EXAMPLE USAGE
This section will show examples of different scenarios that the indicator can be used for.
Emphasizing a main trading session.
Defining a "Pre/post market hours background" like is available for some symbols (e.g., NASDAQ:AAPL ).
Highlighting in which bar the midnight candle occurs.
Hiding indecision bars (neutral candles).
Showing only "Regular Trading Hours" for a chart that does not have the option to toggle ETH/RTH. To achieve this, the actual chart data is hidden, and only the indicator is visible; alternatively, a 2nd instance of the indicator could change colors to match the chart background.
Using a combination of Bars and Japanese Candlesticks. Alternatively, this could be done by hiding the main chart data and using 2 instances of the indicator (one with " Chart Style " setting as Bars , and the other set to Candles ).
Using a combination of thin and thick bars on Range charts. Note: requires disabling the "Thin Bars" setting for Bar charts in the TradingView chart settings.
NOTES
If using more than one instance of this indicator on the same chart, you can use the TradingView "Save Indicator Template" feature to avoid having to re-configure the multiple indicators at a later time.
This indicator is intended to work "out-of-the-box" thanks to the behind_chart option introduced to Pine Script in October 2024. But you can always manually bring the indicator to the front just in case the color changes are not being seen (using the "More" option in the indicator status line: More > Visual Order > Bring to front ).
Many thanks to fikira for their help and inspiring me to create open source scripts.
Any feedback including bug reports or suggestions for improving the indicator (or source code itself) are always welcome in the comments section.
TollDateLevels - BalaRtoll date levels - BalaR
written for education purposes to understand these levels
Compare Symbol [LuxmiAI]This indicator allows users to plot candles or bars for a selected symbol and add a moving average of their choice as an underlay. Users can customize the moving average type and length, making it versatile for a wide range of trading strategies.
This script is designed to offer flexibility, letting traders select the symbol, timeframe, candle style, and moving average type directly from the input options. The moving averages include the Exponential Moving Average (EMA), Simple Moving Average (SMA), Weighted Moving Average (WMA), and Volume-Weighted Moving Average (VWMA).
Features of the Script
This indicator provides the following key features:
1. Symbol Selection: Users can input the ticker symbol for which they want to plot the data.
2. Timeframe Selection: The script allows users to choose a timeframe for the symbol data.
3. Candle Styles: Users can select from three styles - regular candles, bars, or Heikin-Ashi candles.
4. Moving Average Options: Users can choose between EMA, SMA, WMA, and VWMA for added trend analysis.
5. Customizable Moving Average Length: The length of the moving average can be adjusted to suit individual trading strategies.
How the Script Works
The script starts by taking user inputs for the symbol and timeframe. It then retrieves the open, high, low, and close prices of the selected symbol and timeframe using the request.security function. Users can select between three candle styles: standard candles, bars, and Heikin-Ashi candles. If Heikin-Ashi candles are selected, the script calculates the Heikin-Ashi open, high, low, and close values.
To add further analysis capabilities, the script includes a moving average. Traders can select the moving average type from EMA, SMA, WMA, or VWMA and specify the desired length. The selected moving average is then plotted on the chart to provide a clear visualization of the trend.
Step-by-Step Implementation
1. Input Options: The script starts by taking inputs for the symbol, timeframe, candle style, moving average type, and length.
2. Data Retrieval: The script fetches OHLC data for the selected symbol and timeframe using request.security.
3. Candle Style Logic: It determines which candle style to plot based on the user’s selection. If Heikin-Ashi is selected, the script calculates Heikin-Ashi values.
4. Moving Average Calculation: Depending on the user’s choice, the script calculates the selected moving average.
5. Visualization: The script plots the candles or bars and overlays the moving average on the chart.
Benefits of Using This Indicator
This custom indicator provides multiple benefits for traders. It allows for quick comparisons between symbols and timeframes, helping traders identify trends and patterns. The flexibility to choose different candle styles and moving averages enhances its adaptability to various trading strategies. Additionally, the ability to customize the moving average length makes it suitable for both short-term and long-term analysis.
Sweaty Palms MA (50/100/200 + 250)Sweaty Palms Multiple MA (50/100/200 + 250)
A comprehensive moving average indicator combining the most powerful technical levels used by institutional traders. Features crystal-clear visualization of major moving averages with distinct colors and dynamic labels for enhanced clarity.
Features:
• Multiple MA types available (SMA, EMA, WMA, RMA, HMA)
• Four key moving averages: 50, 100, 200, and optional 250
• Institutional-grade color coding:
- Blue (50 MA): Short-term trend
- Orange (100 MA): Intermediate trend
- Purple (200 MA): Long-term trend
- White (250 MA): Extra long-term trend
• Dynamic labels that move with price
• Optional 250 MA toggle for reduced chart clutter
• Customizable MA lengths
Key Applications:
• Major Support/Resistance Levels: These MAs are widely watched by institutional traders
• Bull/Bear Market Definition: Price above/below 200 MA
• Golden/Death Cross: 50 & 200 MA crossovers
• Multiple Timeframe Analysis: Different MAs for different trading horizons
• Trend Strength: Spacing and alignment of MAs indicate trend strength
Settings:
• MA Type: Choose between SMA, EMA, WMA, RMA, HMA
• Customizable lengths for all MAs
• Toggle option for 250 MA
• Clean label display showing MA periods
Note: This indicator combines the most followed moving averages in financial markets. The 50, 100, and 200 MAs are particularly significant as they are watched by large institutions and often create self-fulfilling support/resistance levels.
Created by SweatyPalmsAlgo
Sweaty Palms 9/21 EMASweaty Palms 9/21 EMA
A clean and efficient implementation of the widely-used 9 & 21 EMA combination. This indicator helps traders identify trend direction and potential support/resistance levels with easily distinguishable colors and clear labels.
Features:
• Customizable EMA lengths (default 9/21)
• Clear color coding: Green for faster EMA, Gold for slower EMA
• Dynamic labels that move with price
• Toggle visibility for each EMA
• Clean, uncluttered display
Key Use Cases:
• Trend Direction: When the faster EMA is above the slower EMA, it suggests an uptrend, and vice versa
• Dynamic Support/Resistance: These EMAs often act as support in uptrends and resistance in downtrends
• Momentum: The spacing between EMAs can indicate trend strength
• Trade Signals: Crossovers between EMAs can signal potential entry/exit points
Settings:
• First EMA Length: Default 9 (customizable)
• Second EMA Length: Default 21 (customizable)
• Show/Hide options for each EMA
Note: This indicator is designed for clarity and ease of use, making it suitable for both beginners and experienced traders. The default settings of 9/21 are popular among day traders, but can be adjusted to suit any trading style or timeframe.
Created by SweatyPalmsAlgo
SHUMILKIN Ai//@version=5
indicator('JohnScript', format=format.price, precision=4, overlay=true)
// Inputs
a = input(1, title='Чувствительность')
c = input(10, title='Период ATR')
h = input(false, title='Сигналы Heikin Ashi')
signal_length = input.int(title='Сглаживание', minval=1, maxval=200, defval=11)
sma_signal = input(title='Сигнальная линия (MA)', defval=true)
lin_reg = input(title='Линейная регрессия', defval=false)
linreg_length = input.int(title='Длина линейной регрессии', minval=1, maxval=200, defval=11)
// Линии Болинджера
bollinger = input(false, title='Боллинджер')
bolingerlength = input(20, 'Длина')
// Bollinger Bands
bsrc = input(close, title='Исходные данные')
mult = input.float(2.0, title='Смещение', minval=0.001, maxval=50)
basis = ta.sma(bsrc, bolingerlength)
dev = mult * ta.stdev(bsrc, bolingerlength)
upper = basis + dev
lower = basis - dev
plot(bollinger ? basis : na, color=color.new(color.red, 0), title='Bol Basic')
p1 = plot(bollinger ? upper : na, color=color.new(color.blue, 0), title='Bol Upper')
p2 = plot(bollinger ? lower : na, color=color.new(color.blue, 0), title='Bol Lower')
fill(p1, p2, title='Bol Background', color=color.new(color.blue, 90))
// EMA
len = input(title='Длина EMA', defval=50)
ema1 = ta.ema(close, len)
plot(ema1, color=color.new(color.yellow, 0), linewidth=2, title='EMA')
xATR = ta.atr(c)
nLoss = a * xATR
src = h ? request.security(ticker.heikinashi(syminfo.tickerid), timeframe.period, close, lookahead=barmerge.lookahead_off) : close
xATRTrailingStop = 0.0
iff_1 = src > nz(xATRTrailingStop , 0) ? src - nLoss : src + nLoss
iff_2 = src < nz(xATRTrailingStop , 0) and src < nz(xATRTrailingStop , 0) ? math.min(nz(xATRTrailingStop ), src + nLoss) : iff_1
xATRTrailingStop := src > nz(xATRTrailingStop , 0) and src > nz(xATRTrailingStop , 0) ? math.max(nz(xATRTrailingStop ), src - nLoss) : iff_2
pos = 0
iff_3 = src > nz(xATRTrailingStop , 0) and src < nz(xATRTrailingStop , 0) ? -1 : nz(pos , 0)
pos := src < nz(xATRTrailingStop , 0) and src > nz(xATRTrailingStop , 0) ? 1 : iff_3
xcolor = pos == -1 ? color.red : pos == 1 ? color.green : color.blue
ema = ta.ema(src, 1)
above = ta.crossover(ema, xATRTrailingStop)
below = ta.crossover(xATRTrailingStop, ema)
buy = src > xATRTrailingStop and above
sell = src < xATRTrailingStop and below
barbuy = src > xATRTrailingStop
barsell = src < xATRTrailingStop
plotshape(buy, title='Buy', text='Buy', style=shape.labelup, location=location.belowbar, color=color.new(color.green, 0), textcolor=color.new(color.white, 0), size=size.tiny)
plotshape(sell, title='Sell', text='Sell', style=shape.labeldown, location=location.abovebar, color=color.new(color.red, 0), textcolor=color.new(color.white, 0), size=size.tiny)
barcolor(barbuy ? color.green : na)
barcolor(barsell ? color.red : na)
alertcondition(buy, 'UT Long', 'UT Long')
alertcondition(sell, 'UT Short', 'UT Short')
bopen = lin_reg ? ta.linreg(open, linreg_length, 0) : open
bhigh = lin_reg ? ta.linreg(high, linreg_length, 0) : high
blow = lin_reg ? ta.linreg(low, linreg_length, 0) : low
bclose = lin_reg ? ta.linreg(close, linreg_length, 0) : close
r = bopen < bclose
signal = sma_signal ? ta.sma(bclose, signal_length) : ta.ema(bclose, signal_length)
plotcandle(r ? bopen : na, r ? bhigh : na, r ? blow : na, r ? bclose : na, title='LinReg Candles', color=color.green, wickcolor=color.green, bordercolor=color.green, editable=true)
plotcandle(r ? na : bopen, r ? na : bhigh, r ? na : blow, r ? na : bclose, title='LinReg Candles', color=color.red, wickcolor=color.red, bordercolor=color.red, editable=true)
plot(signal, color=color.new(color.white, 0))
B4100 - Market SessionsA simple script to highlight London, New York, Hong Kong pre-market, open, close times.
EMA/SMA + Multi-Timeframe Dashboard (Vertical)Let us introduce to you the EMA/SMA Multi-timeframe Dashboard. This Tool has an intuitive interface and is ideal for traders looking to analyze market trends or momentum using Exponential moving average (EMA) or simple moving average (SMA). An investment that will pay off since it combines the 21 EMA, and 200 SMA for several time frames into a simple view ensuring that you never miss important market signals.
Key Features:
multi-time frame dashboard
Monitor 21 EMA, 50 EMA, and 200 SMA in multiple time frames simultaneously.
Set your monitor time frames according to your strategies.
50 EMA based dashboard insights.
21 EMA 200 SMA pivot above or below 50 EMA its other ranges or areas of concern.
Trend and momentum analysis.
Moving together across multiple time frames can help assess the time of reversals and the direction of the trend, which can aid in the assessment of the trend direction.
Customizable Alerts.
Crossover and the price interacting with the moving averages are examples of conditions that can be set alerts for.
Avoid checking charts constantly to ensure you are not missing important signals.
User Friendly Design.
Data is presented in thorough and simple layouts to ensure that it is plainly readable. Additional tools, such as color codes, are employed to aid in increasing comprehension and improving decision-making.
Benefits:
Due to gathering all necessary moving averages in one spot, has a positive impact on efficiency as it saves time.
Provides a comprehensive perspective on trend strength and optimization to make accurate trades.
Swing Traders, Day Traders, and Long-term Investors who want to fine-tune their timing in the market for better results.
Keep up with the EMA / SMA Multi-Timeframe Dashboard and blend accuracy with the insights that you require for all your traders.
NG pattern detector - UdayThis pattern detects mostly used candle patterns
bullish engulfing bearish engulfing hammer inverted hammer dragonfly doji and gravestone doji.
also make sure to add alert
Year-over-Year % Change for PCEPILFEHello, traders!
This indicator is specifically for FRED:PCEPILFE , which is a 'Personal Consumption Expenditures (PCE) Index excluding food and energy.'
What this indicator does is compare the monthly data to that of the same month last year to see how it has changed over the year. This comparison method is widely known as YoY(Year-over-Year).
While I made this indicator to use for FRED:PCEPILFE , you may use it for different charts as long as they show monthly data.
FRED:PCEPILFE is one of the main measures of inflation the Federal Reserve uses.
You can see the YoY % change of the PCE Index excluding food and energy in the official website for the Bureau of Labor Statistics, but unfortunately, I couldn't find one in TradingView.
So instead, I decided to make my own indicator showing the changes using FRED:PCEPILFE .
The code is very simple: it compares the data to the data 12 points ago because 12 points would mean 12 months in this chart. We then multiply the result by 100 for percentage.
Doing so, we compare the current month to the same month of the previous year.
Because I am only interested in the YoY % Change of the index, I pulled the indicator all the way up, covering the original chart data entirely. (Or you could achieve the same by simply moving your indicator to the pane above. But this way, the original chart data is also visible.)
I hope this indicator helps you with your analysis. Feel free to ask questions if have any!
God bless!
JAMES RSI Ratio & Volatility Comparison tools Version 1.0This is only for private use.
general description
This RSI based custom indicator is a modified version of the standard relative strength index (RSI) tailored to enhance trading insights. it measures the momentum of the price changes over a specific period, identifying overbought and oversold conditions to highlight potential reversal zones. this custom indicator may include visual enhancements such as dynamic thresholds, color coded zones, or signal makers for crossovers, divergences, and trend strength. it is designed to improve decision-making by aligning traditional RSI concepts with customized parameters and visual cues, making it suitable for various trading strategies.
Based on the potential key level institutional buying zone.Dynamic Key Level Indicator helps in multiple ways as follows:
Moving Averages: To help identify trends (SMA and EMA).
VWAP: For volume-weighted price.
Identify potential support and resistance zones.
Identify Institutional Investment Zone.
Volume and Price Information: Displayed in a table for easy tracking.
Candle Coloring: For quick visual cues about price movement.
It's a great tool for traders who want to keep track of important levels and trends on the chart!
Auto-2 & 4 works as a Key Level For Bullish Reversal.
Heikin Ashi Candle Pulse Advanced Buy/Sell Signals with AlertsHACP Advanced Buy & Sell Signals with Alerts v3.0
🚀 Introducing HACP v3.0 – Your Ultimate Trading Companion! 🌟
We are thrilled to unveil HACP v3.0 , the latest version designed to take your TradingView experience to new heights! We’ve listened to your valuable feedback and made several key improvements to make your trading more accurate, efficient, and user-friendly. Here's what’s new:
🔹 Advanced Algo Trading Support
Integrate effortlessly with Algoji and Algomojo to implement algorithmic trading strategies. Whether you're a novice or an experienced trader, connecting to various trading providers has never been easier!
🔹 Enhanced Accuracy
Say goodbye to false signals! With HACP v3.0, enjoy greater accuracy , ensuring you make well-informed and confident trading decisions every time.
🔹 Support for More Assets
From Equities to Cryptocurrencies , HACP v3.0 supports a wide range of markets, including Futures , Commodities , and Currencies , giving you even more opportunities to profit.
🔹 User-Friendly Interface
Navigating the platform has never been simpler. Whether you’re just starting or you’ve been trading for years, the intuitive design of HACP v3.0 makes it easy to customize your trading experience.
🔹 Real-Time Insights & Analysis
Stay ahead of the market with real-time insights . HACP V3.0 delivers the most up-to-date information, allowing you to make quick, accurate trading decisions.
🔹 Reliable Performance
Trade with confidence knowing HACP v3.0 is built for reliability. Our platform is engineered to perform flawlessly under challenging market conditions, ensuring you never miss a profitable opportunity.
🔹 Optimized Trading Speed
Experience faster execution and reduced latency to keep up with the fast-paced nature of trading. Speed and performance are at the heart of HACP v3.0.
Upgrade to HACP v3.0 today and elevate your trading game! 📈💼✨
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Indicator Settings:
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Payment Info:
- One-Time Support Fee: $14.99 (only if you find this indicator helpful and make a profit with it; based on fair usage).
- Pay via PayPal: paypal.me
- Once payment is complete, please fill out this Google Form with your TradingView username and email: forms.gle
- After completing the payment, include the payment reference number in the Google Form.
- Your support is greatly appreciated!
Trend Force Meter | JeffreyTimmermansTrend Force Meter
The "Trend Force Meter" is an innovative trading tool designed to visualize trend strength and provide precise signals for identifying market dynamics. By combining the Hull Moving Average (HMA) with the Simple Moving Average (SMA), it delivers a comprehensive analysis of trend forces and directions. With customizable smoothing, low-pass filtering, and an advanced color-coded display, this indicator is a valuable addition to any trader's toolkit.
Overview
The Trend Force Meter uses a unique approach to trend analysis by calculating the difference between smoothed HMA and SMA values. This difference is normalized and converted into a visually intuitive gradient to represent bullish and bearish conditions. The indicator also incorporates features for noise reduction and enhanced visualization.
Key Features
Dual Moving Averages
Hull Moving Average (HMA): Provides a highly responsive measure of trend direction and strength.
Simple Moving Average (SMA): Offers a stable and reliable long-term trend baseline.
Customizable Smoothing
Enable/Disable Smoothing: Adjust the sensitivity of the HMA and SMA calculations.
Smoothing Length: Fine-tune the smoothing parameters to match your trading style, balancing between responsiveness and stability.
Low-Pass Filtering
Noise Reduction: Optional low-pass filter reduces market noise, providing clearer trend signals.
Filter Length: Adjustable parameter for fine control over the noise reduction level.
Gradient-Based Visualization
Dynamic Color Coding: Bullish trends are displayed in shades of green, while bearish trends appear in shades of red, providing immediate visual clarity.
Strength Meter: A gradient-based strength meter quantifies the intensity of the current trend, from weak to strong.
Trend Strength Normalization
Normalizes trend strength over a configurable period, ensuring consistent and meaningful readings across various market conditions.
Alerts
Bullish Trend Alert: Notifies when the trend transitions to a bullish phase.
Bearish Trend Alert : Signals when the trend turns bearish.
Enhanced Functionality
Trend Strength Gauge
Displays a real-time strength gauge that visualizes the trend intensity, allowing traders to assess the market at a glance.
Automatically adjusts to reflect normalized trend values, ensuring accuracy across different timeframes and volatility conditions.
Visual Gradient
A refined gradient coloring system dynamically adjusts based on trend direction and intensity, enabling traders to easily interpret market sentiment.
Advanced Customization
Length Settings: Fine-tune HMA and SMA lengths to match specific trading strategies.
Smoothing Options: Toggle smoothing and low-pass filtering on or off as needed.
Gradient Color Range: Provides flexible options for customizing the visual display.
Use Cases
Trend Analysis: Quickly identify the direction and strength of market trends to make informed trading decisions.
Momentum Confirmation : Use the gradient and strength meter to validate potential breakout or reversal scenarios.
Noise Reduction: Employ the low-pass filter to focus on meaningful trends while ignoring short-term market fluctuations.
How It Works
Calculate HMA and SMA: The indicator computes smoothed HMA and SMA values.
Difference Extraction: The difference between the smoothed HMA and SMA forms the core trend signal.
Optional Filtering: Low-pass filtering reduces noise, enhancing the clarity of trend signals.
Normalization: The difference is normalized over the selected period, ensuring consistent scaling.
Visualization: A color-coded gradient and trend strength gauge display the trend’s intensity and direction.
Customization Options
MA Lengths: Adjust the calculation periods for HMA and SMA.
Smoothing and Filtering: Enable or disable smoothing and filtering to refine the signal output.
Color Palette: Choose custom colors to align with personal preferences or trading environments.
Conclusion
The Trend Force Meter is an invaluable addition to any trader’s toolkit, combining cutting-edge techniques with intuitive visuals to make trend analysis more accessible and actionable. Its flexibility and precision cater to various trading strategies, ensuring traders stay ahead of market movements.
This script is inspired by "VanHels1ng" . However, it is more advanced and includes additional features and options.
-Jeffrey
QuantFrame | FractalystWhat’s the purpose of this indicator?
The purpose of QuantFrame is to provide traders with a systematic approach to analyzing market structure, eliminating subjectivity, and enhancing decision-making. By clearly identifying and labeling structural breaks, QuantFrame helps traders:
1. Refine Market Analysis: Transition from discretionary market observation to a structured framework.
2. Identify Key Levels: Highlight important liquidity and invalidation zones for potential entries, exits, and risk management.
3. Streamline Multi-Timeframe Analysis: Track market trends and structural changes across different timeframes seamlessly.
4. Enhance Consistency: Reduce guesswork by following a rule-based methodology for identifying structural breaks.
How Does This Indicator Identify Market Structure?
1. Swing Detection
• The indicator identifies key swing points on the chart. These are local highs or lows where the price reverses direction, forming the foundation of market structure.
2. Structural Break Validation
• A structural break is flagged when a candle closes above a previous swing high (bullish) or below a previous swing low (bearish).
• Break Confirmation Process:
To confirm the break, the indicator applies the following rules:
• Valid Swing Preceding the Break: There must be at least one valid swing point before the break.
3. Numeric Labeling
• Each confirmed structural break is assigned a unique numeric ID starting from 1.
• This helps traders track breaks sequentially and analyze how the market structure evolves over time.
4. Liquidity and Invalidation Zones
• For every confirmed structural break, the indicator highlights two critical zones:
1. Liquidity Zone (LIQ): Represents the structural liquidity level.
2. Invalidation Zone (INV): Acts as Invalidation point if the structure fails to hold.
What do the extremities show us on the charts?
When using QuantFrame for market structure analysis, the extremities—Liquidity Level (LIQ) and Invalidation Level (INV)—serve as critical reference points for understanding price behavior and making informed trading decisions.
Here's a detailed explanation of what these extremities represent and how they function:
Liquidity Level (LIQ)
Definition: The Liquidity Level is a key price zone where the market is likely to retest, consolidate, or seek liquidity. It represents areas where orders are concentrated, making it a high-probability reaction zone.
Purpose: Traders use this level to anticipate potential pullbacks or continuation patterns. It helps in identifying areas where price may pause or reverse temporarily due to the presence of significant liquidity.
Key Insight: If a candle closes above or below the LIQ, it results in another break of structure (BOS) in the same direction. This indicates that price is continuing its trend and has successfully absorbed liquidity at that level.
Invalidation Level (INV)
Definition: The Invalidation Level marks the threshold that, if breached, signifies a structural shift in the market. It acts as a critical point where the current market bias becomes invalid.
Purpose: This level is often used as a stop-loss or re-evaluation point for trading strategies. It ensures that traders have a clear boundary for risk management.
Key Insight: If a candle closes above or below the INV, it signals a shift in market structure:
A closure above the INV in a bearish trend indicates a shift from bearish to bullish bias.
A closure below the INV in a bullish trend indicates a shift from bullish to bearish bias.
What does the top table display?
The top table in QuantFrame serves as a multi-timeframe trend overview. Here’s what it provides:
1. Numeric Break IDs Across Multiple Timeframes:
• Each numeric break corresponds to a confirmed structural break on a specific timeframe, helping traders track the most recent breaks systematically.
2. Trend Direction via Text Color:
• The color of the text reflects the current trend direction:
• Blue indicates a bullish structure.
• Red signifies a bearish structure.
3. Higher Timeframe Insights Without Manual Switching:
• The table eliminates the need to switch between timeframes by presenting a consolidated view of the market trend across multiple timeframes, saving time and improving decision-making.
What is the Multi-Timeframe Trend Score (MTTS)?
MTTS is a score that quantifies trend strength and direction across multiple timeframes.
How does MTTS work?
1. Break Detection:
• Analyzes bullish and bearish structural breaks on each timeframe.
2. Trend Scoring:
• Scores each timeframe based on the frequency and quality of bullish/bearish breaks.
3. MTTS Calculation:
• Averages the scores across all timeframes to produce a unified trend strength value.
How is MTTS interpreted?
• ⬆ (Above 50): Indicates an overall bullish trend.
• ⬇ (Below 50): Suggests an overall bearish trend.
• ⇅ (Exactly 50): Represents a neutral or balanced market structure.
How to Use QuantFrame?
1. Implement a Systematic Market Structure Framework:
• Use QuantFrame to analyze market structure objectively by identifying key structural breaks and marking liquidity (LIQ) and invalidation (INV) zones.
• This eliminates guesswork and provides a clear framework for understanding market movements.
2. Leverage MTTS for Directional Bias:
• Refer to the MTTS table to identify the multi-timeframe directional bias, giving you the broader market context.
• Align your trading decisions with the overall trend or structure to improve accuracy and consistency.
3. Apply Your Preferred Entry Model:
• Once the market context is clear, use your preferred entry model to capitalize on the identified structure and trend.
• Manage trades dynamically as price delivers, using the provided liquidity and invalidation zones for risk management.
What Makes QuantFrame Original?
1. Objective Market Structure Analysis:
• Unlike subjective methods, QuantFrame uses a rule-based approach to identify structural breaks, ensuring consistency and reducing emotional decision-making.
2. Multi-Timeframe Integration:
• The MTTS table consolidates trend data across multiple timeframes, offering a bird’s-eye view of market trends without the need to switch charts manually.
• This unique feature allows traders to align strategies with higher-timeframe trends for more informed decision-making.
3. Liquidity and Invalidation Zones:
• Automatically marks Liquidity (LIQ) and Invalidation (INV) zones for every structural break, providing actionable levels for entries, exits, and risk management.
• These zones help traders define their risk-reward setups with precision.
4. Dynamic Trend Scoring (MTTS):
• The Multi-Timeframe Trend Score (MTTS) quantifies trend strength and direction across selected timeframes, offering a single, consolidated metric for market sentiment.
• This score is visualized with intuitive symbols (⬆, ⬇, ⇅) for quick decision-making.
5. Numeric Labeling of Breaks:
• Each structural break is assigned a unique numeric ID, making it easy to track, analyze, and backtest specific market scenarios.
6. Systematic Yet Flexible:
• While it provides a structured framework for market analysis, QuantFrame seamlessly integrates with any trading style. Traders can use it alongside their preferred entry models, adapting it to their unique strategies.
7. Enhanced Market Context:
• By combining structural insights with directional bias (via MTTS), the indicator equips traders with a complete market context, enabling them to make better-informed decisions.
Terms and Conditions | Disclaimer
Our charting tools are provided for informational and educational purposes only and should not be construed as financial, investment, or trading advice. They are not intended to forecast market movements or offer specific recommendations. Users should understand that past performance does not guarantee future results and should not base financial decisions solely on historical data.
Built-in components, features, and functionalities of our charting tools are the intellectual property of @Fractalyst use, reproduction, or distribution of these proprietary elements is prohibited.
By continuing to use our charting tools, the user acknowledges and accepts the Terms and Conditions outlined in this legal disclaimer and agrees to respect our intellectual property rights and comply with all applicable laws and regulations.
CE PE IntradayIntraday Strategy Modified for New Traders for Learning Purpose.
Should have basic knoledge to use this strategy, Sucess Ratio 40%.
Red Line Indicates Possible Downside Scenario While Aqua Line Indicates Possible Upside Momentum.
NOT BUY or SELL RECOMENDATION.
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YTD AVWAP: Tracks the average volume-weighted price from January 1st, providing year-to-date perspective.
Covid Low AVWAP: Anchored to March 23, 2020, this highlights significant long-term market recovery levels. Shown only when within 20% of the current price.
IPO AVWAP: Anchored to the IPO date for stocks that went public within the last 5 years. This is shown only if the price is within 20% of this level.
Last Earnings VWAP: Captures post-earnings momentum starting from the most recent earnings date.
Session VWAP: Specifically for intraday traders, this recalculates dynamically from market open (6:30 AM PST) for timeframes of 30 minutes or lower.
