Advanced RSI — Mark 4 RSI was introduced by J. Welles Wilder Jr. in 1978 in New Concepts in Technical Trading Systems. It measures the velocity of gains vs. losses on a bounded 0–100 scale and popularized the 14-period lookback with 70/30 guide rails for overbought/oversold. Over time, traders added variations (different lengths, thresholds, smoothing, adaptive levels), but the core idea stayed the same: momentum turns often precede price turns.
and i initially started to make minor adjustments for personal use like changing the default to 17 , and using Tradingviews official RSI which comes with a MA embedded. but it was not enough. especially the visuals.
so, for this public release Mark 4 i enhanced RSI by incorporating :
1. Dual-Length Fusion
Two RSI periods (default 17 + 21) blended then lightly smoothed (TEMA by default) → steadier
line without dulling turns.
2. Adaptive OB/OS (ATR-aware) for fewer whipsaws.
3. OB/OS alt solution:
Brief yellow segments appear only at local extremes (default: >72 tops, <32 bottoms) to
emphasize exhaustion without repainting the whole line.
4. Signals you can actually see
Triangle markers for:
Bullish: RSI crossing up through adaptive OS (and still <40 at the cross).
Bearish: RSI crossing down through adaptive OB (and still >60 at the cross).
“Strong Bull/Bear” background nudges appear when momentum is pushing beyond the
bands.
Optional Divergence Tags
and
Tiny diamonds to flag potential bullish/bearish divergences (look-back based).
Info Table (can be hidden)
my Fav feature i included 5 colorways with modern themes.(pls check under INPUTS)
and i made all that to make the indicator visualization look awesome on high end displays.
Credits & acknowledgment
Inspired by the original RSI by J. Welles Wilder Jr. (1978).
Built to be modern, focused, and comfortable for long sessions—especially on dark/OLED displays.
THIS INDICATOR IS MORE THAN ENOUGH BUT I DO HAVE PRIVATE INDICATORS WITH DIFFERENT LOGIC FUNCTIONS.
I'm open for feedback/collaboration.
drsamc.
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Buy/Sell Alert Strong Signals [TCMaster]This indicator combines Smoothed Moving Averages (SMMA), Stochastic Oscillator, and popular candlestick patterns (Engulfing, 3 Line Strike) to highlight potential trend reversal zones.
Main features:
4 SMMA lines (21, 50, 100, 200) for short-, medium-, and long-term trend analysis.
Trend Fill: Background shading when EMA(2) and SMMA(200) are aligned, visually confirming trend direction.
Stochastic Filter: Filters signals based on overbought/oversold conditions to help reduce noise.
Candlestick pattern recognition:
Bullish/Bearish Engulfing
Bullish/Bearish 3 Line Strike
Alerts for each pattern when Stochastic conditions are met.
⚠️ Note: This is a technical analysis tool. It does not guarantee accuracy and is not financial advice. Always combine with other analysis methods and practice proper risk management.
🛠 How to Use:
1. SMMA Settings
21 SMMA & 50 SMMA: Short- and medium-term trend tracking.
100 SMMA: Optional mid/long-term filter (toggle on/off).
200 SMMA: Major trend direction reference.
2. Trend Fill
EMA(2) > SMMA(200): Background shaded green (uptrend bias).
EMA(2) < SMMA(200): Background shaded red (downtrend bias).
Can be enabled/disabled in settings.
3. Stochastic Filter
K Length, D Smoothing, Smooth K: Adjust sensitivity.
Overbought & Oversold: Default 80 / 20 thresholds.
Buy signals only valid if Stochastic is oversold.
Sell signals only valid if Stochastic is overbought.
4. Candlestick Patterns
3 Line Strike:
Bullish: Three consecutive bullish candles followed by one bearish candle closing below the previous, with potential reversal.
Bearish: Three consecutive bearish candles followed by one bullish candle closing above the previous, with potential reversal.
Engulfing:
Bullish: Green candle fully engulfs the prior red candle body.
Bearish: Red candle fully engulfs the prior green candle body.
5. Alerts
Alerts available for each pattern when Stochastic conditions are met.
Example: "Bullish Engulfing + Stochastic confirm".
📌 Important Notes
Do not use this indicator as the sole basis for trading decisions.
Test on a demo account before applying to live trades.
Combine with multi-timeframe analysis, volume, and proper position sizing.
Volume Stack EmojisVolume Stack visualizes market bias and momentum for each candle using intuitive emojis in a dedicated bottom pane, keeping your main price chart clean and focused. The indicator analyzes where price closes within each bar’s range to estimate bullish or bearish pressure and highlights key momentum shifts.
Features:
Bullish and Bearish States:
🟩 Green square: Normal bullish candle
🟥 Red square: Normal bearish candle
Strong Bullish/Bearish:
🟢 Green circle: Strong bullish (close near high)
🔴 Red circle: Strong bearish (close near low)
Critical Transitions:
✅ Green checkmark: Bearish → strong bullish (momentum reversal up)
❌ Red cross: Bullish → strong bearish (momentum reversal down)
Easy Visual Scanning:
Emojis plotted in the indicator’s own pane for rapid pattern recognition and clean workflow.
No overlays:
Keeps all symbols off the main price pane.
How it works:
For each candle, the indicator calculates the percentage distance of the close price within the high/low range, then classifies and marks:
Normal bullish/bearish: Basic directional bias
Strong signals: Close is at least 75% toward the high (bullish) or low (bearish)
Transitions: Detects when the market suddenly flips from bullish to strong bearish (❌), or bearish to strong bullish (✅), pinpointing possible inflection points.
This indicator is ideal for traders who want a simple, non-intrusive visualization of intrabar momentum and key reversals—making trend reading and market sentiment effortless.
Multi SMA + Golden/Death + Heatmap + BB**Multi SMA (50/100/200) + Golden/Death + Candle Heatmap + BB**
A practical trend toolkit that blends classic 50/100/200 SMAs with clear crossover labels, special 🚀 Golden / 💀 Death Cross markers, and a readable candle heatmap based on a dynamic regression midline and volatility bands. Optional Bollinger Bands are included for context.
* See trend direction at a glance with SMAs.
* Get minimal, de-cluttered labels on important crosses (50↔100, 50↔200, 100↔200).
* Highlight big regime shifts with special Golden/Death tags.
* Read momentum and volatility with the candle heatmap.
* Add Bollinger Bands if you want classic mean-reversion context.
Designed to be lightweight, non-repainting on confirmed bars, and flexible across timeframes.
# What This Indicator Does (plain English)
* **Tracks trend** using **SMA 50/100/200** and lets you optionally compute each SMA on a higher or different timeframe (HTF-safe, no lookahead).
* **Prints labels** when SMAs cross each other (up or down). You can force signals only after bar close to avoid repaint.
* **Marks Golden/Death Crosses** (50 over/under 200) with special labels so major regime changes stand out.
* **Colors candles** with a **heatmap** built from a regression midline and volatility bands—greenish above, reddish below, with a smooth gradient.
* **Optionally shows Bollinger Bands** (basis SMA + stdev bands) and fills the area between them.
* **Includes alert conditions** for Golden and Death Cross so you can automate notifications.
---
# Settings — Simple Explanations
## Source
* **Source**: Price source used to calculate SMAs and Bollinger basis. Default: `close`.
## SMA 50
* **Show 50**: Turn the SMA(50) line on/off.
* **Length 50**: How many bars to average. Lower = faster but noisier.
* **Color 50** / **Width 50**: Visual style.
* **Timeframe 50**: Optional alternate timeframe for SMA(50). Leave empty to use the chart timeframe.
## SMA 100
* **Show 100**: Turn the SMA(100) line on/off.
* **Length 100**: Bars used for the mid-term trend.
* **Color 100** / **Width 100**: Visual style.
* **Timeframe 100**: Optional alternate timeframe for SMA(100).
## SMA 200
* **Show 200**: Turn the SMA(200) line on/off.
* **Length 200**: Bars used for the long-term trend.
* **Color 200** / **Width 200**: Visual style.
* **Timeframe 200**: Optional alternate timeframe for SMA(200).
## Signals (crossover labels)
* **Show crossover signals**: Prints triangle labels on SMA crosses (50↔100, 50↔200, 100↔200).
* **Wait for bar close (confirmed)**: If ON, signals only appear after the candle closes (reduces repaint).
* **Min bars between same-pair signals**: Minimum spacing to avoid duplicate labels from the same SMA pair too often.
* **Trend filter (buy: 50>100>200, sell: 50<100<200)**: Only show bullish labels when SMAs are stacked bullish (50 above 100 above 200), and only show bearish labels when stacked bearish.
### Label Offset
* **Offset mode**: Choose how to push labels away from price:
* **Percent**: Offset is a % of price.
* **ATR x**: Offset is ATR(14) × multiplier.
* **Percent of price (%)**: Used when mode = Percent.
* **ATR multiplier (for ‘ATR x’)**: Used when mode = ATR x.
### Label Colors
* **Bull color** / **Bear color**: Background of triangle labels.
* **Bull label text color** / **Bear label text color**: Text color inside the triangles.
## Golden / Death Cross
* **Show 🚀 Golden Cross (50↑200)**: Show a special “Golden” label when SMA50 crosses above SMA200.
* **Golden label color** / **Golden text color**: Styling for Golden label.
* **Show 💀 Death Cross (50↓200)**: Show a special “Death” label when SMA50 crosses below SMA200.
* **Death label color** / **Death text color**: Styling for Death label.
## Candle Heatmap
* **Enable heatmap candle colors**: Turns the heatmap on/off.
* **Length**: Lookback for the regression midline and volatility measure.
* **Deviation Multiplier**: Band width around the midline (bigger = wider).
* **Volatility basis**:
* **RMA Range** (smoothed high-low range)
* **Stdev** (standard deviation of close)
* **Upper/Middle/Lower color**: Gradient colors for the heatmap.
* **Heatmap transparency (0..100)**: 0 = solid, 100 = invisible.
* **Force override base candles**: Repaint base candles so heatmap stays visible even if your chart has custom coloring.
## Bollinger Bands (optional)
* **Show Bollinger Bands**: Toggle the overlay on/off.
* **Length**: Basis SMA length.
* **StdDev Multiplier**: Distance of bands from the basis in standard deviations.
* **Basis color** / **Band color**: Line colors for basis and bands.
* **Bands fill transparency**: Opacity of the fill between upper/lower bands.
---
# Features & How It Works
## 1) HTF-Safe SMAs
Each SMA can be calculated on the chart timeframe or a higher/different timeframe you choose. The script pulls HTF values **without lookahead** (non-repainting on confirmed bars).
## 2) Crossover Labels (Three Pairs)
* **50↔100**, **50↔200**, **100↔200**:
* **Triangle Up** label when the first SMA crosses **above** the second.
* **Triangle Down** label when it crosses **below**.
* Optional **Trend Filter** ensures only signals aligned with the overall stack (50>100>200 for bullish, 50<100<200 for bearish).
* **Debounce** spacing avoids repeated labels for the same pair too close together.
## 3) Golden / Death Cross Highlights
* **🚀 Golden Cross**: SMA50 crosses **above** SMA200 (often a longer-term bullish regime shift).
* **💀 Death Cross**: SMA50 crosses **below** SMA200 (often a longer-term bearish regime shift).
* Separate styling so they stand out from regular cross labels.
## 4) Candle Heatmap
* Builds a **regression midline** with **volatility bands**; colors candles by their position inside that channel.
* Smooth gradient: lower side → reddish, mid → yellowish, upper side → greenish.
* Helps you see momentum and “where price sits” relative to a dynamic channel.
## 5) Bollinger Bands (Optional)
* Classic **basis SMA** ± **StdDev** bands.
* Light visual context for mean-reversion and volatility expansion.
## 6) Alerts
* **Golden Cross**: `🚀 GOLDEN CROSS: SMA 50 crossed ABOVE SMA 200`
* **Death Cross**: `💀 DEATH CROSS: SMA 50 crossed BELOW SMA 200`
Add these to your alerts to get notified automatically.
---
# Tips & Notes
* For fewer false positives, keep **“Wait for bar close”** ON, especially on lower timeframes.
* Use the **Trend Filter** to align signals with the broader stack and cut noise.
* For HTF context, set **Timeframe 50/100/200** to higher frames (e.g., H1/H4/D) while you trade on a lower frame.
* Heatmap “Length” and “Deviation Multiplier” control smoothness and channel width—tune for your asset’s volatility.
MSTY-WNTR Rebalancing SignalMSTY-WNTR Rebalancing Signal
## Overview
The **MSTY-WNTR Rebalancing Signal** is a custom TradingView indicator designed to help investors dynamically allocate between two YieldMax ETFs: **MSTY** (YieldMax MSTR Option Income Strategy ETF) and **WNTR** (YieldMax Short MSTR Option Income Strategy ETF). These ETFs are tied to MicroStrategy (MSTR) stock, which is heavily influenced by Bitcoin's price due to MSTR's significant Bitcoin holdings.
MSTY benefits from upward movements in MSTR (and thus Bitcoin) through a covered call strategy that generates income but caps upside potential. WNTR, on the other hand, provides inverse exposure, profiting from MSTR declines but losing in rallies. This indicator uses Bitcoin's momentum and MSTR's relative strength to signal when to hold MSTY (bullish phases), WNTR (bearish phases), or stay neutral, aiming to optimize returns by switching allocations at key turning points.
Inspired by strategies discussed in crypto communities (e.g., X posts analyzing MSTR-linked ETFs), this indicator promotes an active rebalancing approach over a "set and forget" buy-and-hold strategy. In simulated backtests over the past 12 months (as of August 4, 2025), the optimized version has shown potential to outperform holding 100% MSTY or 100% WNTR alone, with an illustrative APY of ~125% vs. ~6% for MSTY and ~-15% for WNTR in one scenario.
**Important Disclaimer**: This is not financial advice. Past performance does not guarantee future results. Always consult a financial advisor. Trading involves risk, and you could lose money. The indicator is for educational and informational purposes only.
## Key Features
- **Momentum-Based Signals**: Uses a Simple Moving Average (SMA) on Bitcoin's price to detect bullish (price > SMA) or bearish (price < SMA) trends.
- **RSI Confirmation**: Incorporates MSTR's Relative Strength Index (RSI) to filter signals, avoiding overbought conditions for MSTY and oversold for WNTR.
- **Visual Cues**:
- Green upward triangle for "Hold MSTY".
- Red downward triangle for "Hold WNTR".
- Yellow cross for "Switch" signals.
- Background color: Green for MSTY, red for WNTR.
- **Information Panel**: A table in the top-right corner displays real-time data: BTC Price, SMA value, MSTR RSI, and current Allocation (MSTY, WNTR, or Neutral).
- **Alerts**: Configurable alerts for holding MSTY, holding WNTR, or switching.
- **Optimized Parameters**: Defaults are tuned (SMA: 10 days, RSI: 15 periods, Overbought: 80, Oversold: 20) based on simulations to reduce whipsaws and capture trends effectively.
## How It Works
The indicator's logic is straightforward yet effective for volatile assets like Bitcoin and MSTR:
1. **Primary Trigger (Bitcoin Momentum)**:
- Calculate the SMA of Bitcoin's closing price (default: 10-day).
- Bullish: Current BTC price > SMA → Potential MSTY hold.
- Bearish: Current BTC price < SMA → Potential WNTR hold.
2. **Secondary Filter (MSTR RSI Confirmation)**:
- Compute RSI on MSTR stock (default: 15-period).
- For bullish signals: If RSI > Overbought (80), signal Neutral (avoid overextended rallies).
- For bearish signals: If RSI < Oversold (20), signal Neutral (avoid capitulation bottoms).
3. **Allocation Rules**:
- Hold 100% MSTY if bullish and not overbought.
- Hold 100% WNTR if bearish and not oversold.
- Neutral otherwise (e.g., during choppy or extreme markets) – consider holding cash or avoiding trades.
4. **Rebalancing**:
- Switch signals trigger when the hold changes (e.g., from MSTY to WNTR).
- Recommended frequency: Weekly reviews or on 5% BTC moves to minimize trading costs (aim for 4-6 trades/year).
This approach leverages Bitcoin's influence on MSTR while mitigating the risks of MSTY's covered call drag during downtrends and WNTR's losses in uptrends.
## Setup and Usage
1. **Chart Requirements**:
- Apply this indicator to a Bitcoin chart (e.g., BTCUSD on Binance or Coinbase, daily timeframe recommended).
- Ensure MSTR stock data is accessible (TradingView supports it natively).
2. **Adding to TradingView**:
- Open the Pine Editor.
- Paste the script code.
- Save and add to your chart.
- Customize inputs if needed (e.g., adjust SMA/RSI lengths for different timeframes).
3. **Interpretation**:
- **Green Background/Triangle**: Allocate 100% to MSTY – Bitcoin is in an uptrend, MSTR not overbought.
- **Red Background/Triangle**: Allocate 100% to WNTR – Bitcoin in downtrend, MSTR not oversold.
- **Yellow Switch Cross**: Rebalance your portfolio immediately.
- **Neutral (No Signal)**: Panel shows "Neutral" – Hold cash or previous position; reassess weekly.
- Monitor the panel for key metrics to validate signals manually.
4. **Backtesting and Strategy Integration**:
- Convert to a strategy script by changing `indicator()` to `strategy()` and adding entry/exit logic for automated testing.
- In simulations (e.g., using Python or TradingView's backtester), it has outperformed buy-and-hold in volatile markets by ~100-200% relative APY, but results vary.
- Factor in fees: ETF expense ratios (~0.99%), trading commissions (~$0.40/trade), and slippage.
5. **Risk Management**:
- Use with a diversified portfolio; never allocate more than you can afford to lose.
- Add stop-losses (e.g., 10% trailing) to protect against extreme moves.
- Rebalance sparingly to avoid over-trading in sideways markets.
- Dividends: Reinvest MSTY/WNTR payouts into the current hold for compounding.
## Performance Insights (Simulated as of August 4, 2025)
Based on synthetic backtests modeling the last 12 months:
- **Optimized Strategy APY**: ~125% (by timing switches effectively).
- **Hold 100% MSTY APY**: ~6% (gains from BTC rallies offset by downtrends).
- **Hold 100% WNTR APY**: ~-15% (losses in bull phases outweigh bear gains).
In one scenario with stronger volatility, the strategy achieved ~4533% APY vs. 10% for MSTY and -34% for WNTR, highlighting its potential in dynamic markets. However, these are illustrative; real results depend on actual BTC/MSTR movements. Test thoroughly on historical data.
## Limitations and Considerations
- **Data Dependency**: Relies on accurate BTC and MSTR data; delays or gaps can affect signals.
- **Market Risks**: Bitcoin's volatility can lead to false signals (whipsaws); the RSI filter helps but isn't perfect.
- **No Guarantees**: This indicator doesn't predict the future. MSTR's correlation to BTC may change (e.g., due to regulatory events).
- **Not for All Users**: Best for intermediate/advanced traders familiar with ETFs and crypto. Beginners should paper trade first.
- **Updates**: As of August 4, 2025, this is version 1.0. Future updates may include volume filters or EMA options.
If you find this indicator useful, consider leaving a like or comment on TradingView. Feedback welcome for improvements!
First candle of ≥4 same‑colour candlesClassifies each candle as bullish or bearish. A candle is considered bullish when the closing price is above the opening price, and bearish when the closing price is below the opening price
investopedia.com
; traditional charts depict bullish candles in green or white and bearish candles in red or black
investopedia.com
.
Counts consecutive candles of the same colour. Whenever a green candle appears, it increments a “bull run” counter; the counter resets to zero on a red candle. Likewise, it maintains a “bear run” counter that increments on red candles and resets on green candles.
Detects long runs of momentum. If a run of green candles reaches four or more bars, the indicator marks the very first candle of that sequence with a small green triangle below the bar. Similarly, if a run of red candles reaches four or more bars, it marks the first candle of that bearish run with a red triangle above the bar. Only the initial bar of each qualifying run is highlighted, even if the run later extends to five, six, or more candles.
ZigZag Based RSIDescription
ZigZag Trend RSI (ZZ-RSI) is an advanced momentum indicator that combines ZigZag-based trend detection with a trend-adjusted RSI to deliver smarter overbought and oversold signals. Unlike traditional RSI that reacts purely to price movement, this indicator adapts its sensitivity based on the prevailing trend structure identified via the ZigZag pattern.
By dynamically adjusting RSI thresholds according to market direction, ZZ-RSI helps filter out false signals and aligns RSI readings with broader trend context—crucial for trend-following strategies, counter-trend entries, and volatility-based timing.
Core Components
ZigZag Pattern Recognition:
Identifies significant swing highs and lows based on price deviation (%) and pivot sensitivity (length). The most recent pivot determines the prevailing trend direction:
🟢 Bullish: last swing is a higher high
🔴 Bearish: last swing is a lower low
⚪ Neutral: no recent significant movement
Trend-Weighted RSI:
Modifies traditional RSI input by emphasizing price changes in the direction of the trend:
In bull trends, upside moves are magnified.
In bear trends, downside moves are emphasized.
Dynamic RSI Zones:
Overbought and Oversold thresholds adapt to the trend:
In uptrends: higher OB and slightly raised OS → tolerate stronger rallies
In downtrends: lower OS and slightly reduced OB → accommodate stronger sell-offs
In neutral: default OB/OS values apply
How to Use
✅ Entries (Reversal or Mean Reversion Traders):
Look for oversold signals (green triangle) in downtrends or neutrals to catch potential reversals.
Look for overbought signals (red triangle) in uptrends or neutrals to fade momentum.
Confirm with price action or volume for higher conviction.
📈 Trend Continuation (Momentum or Trend-Followers):
Use the trend direction label (Bullish / Bearish / Neutral) to align your trades with the broader move.
Combine with moving averages or price structure for entry timing.
Avoid counter-trend signals unless confirmed by divergence or exhaustion.
🧠 Signal Interpretation Table (top right of chart):
Trend: Indicates the current market direction.
RSI: Real-time trend-adjusted RSI value.
Signal: OB/OS/Neutral classification.
Customization Options
ZigZag Length / Deviation %:
Adjust pivot sensitivity and filter out minor noise.
RSI Length:
Controls how fast RSI responds to trend-adjusted price.
Color Settings:
Personalize visual cues for trend direction and OB/OS backgrounds.
Alerts Included
📢 Overbought/oversold conditions
🔄 Trend reversals (bullish or bearish shift)
These alerts are ideal for automated strategies, mobile notifications, or algorithmic workflows.
Ideal For
Traders seeking smarter RSI signals filtered by market structure
Trend-followers and swing traders looking for reliable reversals
Those frustrated with false OB/OS signals in volatile or trending markets
Best Practices
Use in confluence with price structure, trendlines, or S/R levels.
For intraday: consider lowering ZigZag Length and RSI Length.
For higher timeframes: use higher deviation % and smoother RSI to reduce noise.
Divergence Indicator with Multi-Length Pivot DetectionThis Pine Script, titled “Divergence Indicator with Multi-Length Pivot Detection”, tool that detects both regular and hidden divergences between price action and an oscillator (defaulting to close, but configurable). It features multi-length pivot logic, angle-based validation, no-cross filtering, and OB/OS region filtering, making it a robust and precise divergence engine. Below is a detailed breakdown:
⸻
🔧 Inputs and Configuration
• osc_src: Oscillator source (e.g. close, RSI, MACD).
• show_hidden: Toggles detection of hidden divergences.
• min_*_angle settings: Control the minimum angle thresholds (in degrees) for confirming valid divergences (ensures momentum is strong enough).
• validate_no_cross: Ensures oscillator and price slopes don’t “cross” the actual values (i.e. filters out invalid or messy trends).
• oversold_level, overbought_level: Used when use_ob_os_filter is enabled to require oscillator to be in OS/OB zones for regular divergence.
• min_div_length: Minimum distance in bars between previous and current pivot points.
⸻
🔁 Internal Engine Mechanics
1. Pivot Detection Engine (Phase 1: Historical Memory)
• For all combinations of left1 and right1 in the range :
• Records all valid pivot lows and pivot highs.
• Stores their:
• bar index
• price value
• oscillator value
This forms a “memory buffer” of past pivots that future price pivots are compared against.
2. Current Pivot Detection (Phase 2: Scanning)
• Loops through larger pivot configurations (left2 ∈ , right2 = 1) to detect new current pivots.
• For each new pivot, it compares against the historical pivots from phase 1.
⸻
📐 Slope and Angle Calculation
For each matching pivot pair (historical vs current):
• Price and Oscillator Slopes are calculated via linear regression, producing:
• price_angle
• osc_angle
• These are converted using math.atan() and math.todegrees() to get proper angular direction and intensity of trend.
⸻
🧠 Divergence Logic
✅ Bullish Divergence
• Regular Bullish: Price makes a lower low, oscillator makes a higher low.
• Hidden Bullish: Price makes a higher low, oscillator makes a lower low.
• Conditions:
• Must meet minimum angle thresholds.
• Optional: Must be in oversold region (osc_src < oversold_level).
• If validate_no_cross is enabled, linearly interpolated slope must not be violated.
✅ Bearish Divergence
• Regular Bearish: Price makes a higher high, oscillator makes a lower high.
• Hidden Bearish: Price makes a lower high, oscillator makes a higher high.
• Conditions mirror the bullish case (with polarity reversed).
⸻
🖍️ Visualization
• Draws colored lines between pivots for visual clarity:
• Green: Regular Bullish
• Lime: Hidden Bullish
• Red: Regular Bearish
• Maroon: Hidden Bearish
• Uses plotshape() to mark divergence bars:
• Triangle-up for bullish
• Triangle-down for bearish
The lines and shapes help quickly identify divergence zones with strong momentum structure.
⸻
🧪 Filtering Enhancements
• No Cross Slope Filter: Checks that oscillator and price values stay above/below their respective slope lines throughout the interval.
• OB/OS Filter: Restricts divergence signals to occur only in oversold/overbought conditions for regular divergences.
• Signal Thinning: Keeps line count to 100 using array.shift() and line.delete().
⸻
🧬 Design Philosophy
• Built to mimic institutional-grade divergence detection, avoiding common false positives.
• Uses adaptive pivots, rigorous angle validation, and noise filtering.
Smart RSI Divergence PRO | Auto Lines + Alerts📌 Purpose
This indicator automatically detects Regular and Hidden RSI Divergences between price action and the RSI oscillator.
It plots divergence lines directly on the chart, labels signals, and includes alerts for automated monitoring.
🧠 How It Works
1. RSI Calculation
RSI is calculated using the selected Source (default: Close) and RSI Length (default: 14).
2. Divergence Detection via Fractals
Swing points on both price and RSI are detected using fractal logic (5-bar patterns).
Regular Divergence:
Bearish: Price forms a higher high, RSI forms a lower high.
Bullish: Price forms a lower low, RSI forms a higher low.
Hidden Divergence:
Bearish: Price forms a lower high, RSI forms a higher high.
Bullish: Price forms a higher low, RSI forms a lower low.
3. Auto Drawing Lines
Lines are drawn automatically between divergence points:
Red = Regular Bearish
Green = Regular Bullish
Orange = Hidden Bearish
Blue = Hidden Bullish
Line width and transparency are adjustable.
4. Labels and Alerts
Labels mark divergence points with up/down arrows.
Alerts trigger for each divergence type.
📈 How to Use
Use Regular Divergences to anticipate trend reversals.
Use Hidden Divergences to confirm trend continuation.
Combine with support/resistance, trendlines, or volume for higher probability setups.
Recommended Timeframes: Works on all timeframes; more reliable on 1h, 4h, and Daily.
Markets: Forex, Crypto, Stocks.
⚙️ Inputs
Source (Close, HL2, etc.)
RSI Length
Toggle Regular / Hidden Divergence visibility
Toggle Lines / Labels
Line Width & Line Transparency
⚠️ Disclaimer
This script is for educational purposes only. It does not constitute financial advice.
Always test thoroughly before using in live trading.
The Visualized Trader (Fractal Timeframe)The **The Visualized Trader (Fractal Timeframe)** indicator for TradingView is a tool designed to help traders identify strong bullish or bearish trends by analyzing multiple technical indicators across two timeframes: the current chart timeframe and a user-selected higher timeframe. It visually displays trend alignment through arrows on the chart and a condition table in the top-right corner, making it easy to see when conditions align for potential trade opportunities.
### Key Features
1. **Multi-Indicator Analysis**: Combines five technical conditions to confirm trend direction:
- **Trend**: Based on the slope of the 50-period Simple Moving Average (SMA). Upward slope indicates bullish, downward indicates bearish.
- **Stochastic (Stoch)**: Uses Stochastic Oscillator (5, 3, 2) to measure momentum. Rising values suggest bullish momentum, falling values suggest bearish.
- **Momentum (Mom)**: Derived from the MACD fast line (5, 20, 30). Rising MACD line indicates bullish momentum, falling indicates bearish.
- **Dad**: Uses the MACD signal line. Rising signal line is bullish, falling is bearish.
- **Price Change (PC)**: Compares the current close to the previous close. Higher close is bullish, lower is bearish.
2. **Dual Timeframe Comparison**:
- Calculates the same five conditions on both the current timeframe and a user-selected higher timeframe (e.g., daily).
- Helps traders see if the trend on the higher timeframe aligns with the current chart, providing context for stronger trade decisions.
3. **Visual Signals**:
- **Arrows on Chart**:
- **Current Timeframe**: Blue upward arrows below bars for bullish alignment, red downward arrows above bars for bearish alignment.
- **Higher Timeframe**: Green upward triangles below bars for bullish alignment, orange downward triangles above bars for bearish alignment.
- Arrows appear only when all five conditions align (all bullish or all bearish), indicating strong trend potential.
4. **Condition Table**:
- Displays a table in the top-right corner with two rows:
- **Top Row**: Current timeframe conditions (Trend, Stoch, Mom, Dad, PC).
- **Bottom Row**: Higher timeframe conditions (labeled with "HTF").
- Each cell is color-coded: green for bullish, red for bearish.
- The table can be toggled on/off via input settings.
5. **User Input**:
- **Show Condition Boxes**: Toggle the table display (default: on).
- **Comparison Timeframe**: Choose the higher timeframe (e.g., "D" for daily, default setting).
### How It Works
- The indicator evaluates the five conditions on both timeframes.
- When all conditions are bullish (or bearish) on a given timeframe, it plots an arrow/triangle to signal a strong trend.
- The condition table provides a quick visual summary, allowing traders to compare the current and higher timeframe trends at a glance.
### Use Case
- **Purpose**: Helps traders confirm strong trend entries by ensuring multiple indicators align across two timeframes.
- **Example**: If you're trading on a 1-hour chart and see blue arrows with all green cells in the current timeframe row, plus green cells in the higher timeframe (e.g., daily) row, it suggests a strong bullish trend supported by both timeframes.
- **Benefit**: Reduces noise by focusing on aligned signals, helping traders avoid weak or conflicting setups.
### Settings
- Access the indicator settings in TradingView to:
- Enable/disable the condition table.
- Select a higher timeframe (e.g., 4H, D, W) for comparison.
### Notes
- Best used in trending markets; may produce fewer signals in choppy conditions.
- Combine with other analysis (e.g., support/resistance) for better decision-making.
- The higher timeframe signals (triangles) provide context, so prioritize trades where both timeframes align.
This indicator simplifies complex trend analysis into clear visual cues, making it ideal for traders seeking confirmation of strong momentum moves.
Fibonacci Sequence Moving Average [BackQuant]Fibonacci Sequence Moving Average with Adaptive Oscillator
1. Overview
The Fibonacci Sequence Moving Average indicator is a two‑part trading framework that combines a custom moving average built from the famous Fibonacci number set with a fully featured oscillator, normalisation engine and divergence suite. The moving average half delivers an adaptive trend line that respects natural market rhythms, while the oscillator half translates that trend information into a bounded momentum stream that is easy to read, easy to compare across assets and rich in confluence signals. Everything from weighting logic to colour palettes can be customised, so the tool comfortably fits scalpers zooming into one‑minute candles as well as position traders running multi‑month trend following campaigns.
2. Core Calculation
Fibonacci periods – The default length array is 5, 8, 13, 21, 34. A single multiplier input lets you scale the whole family up or down without breaking the golden‑ratio spacing. For example a multiplier of 3 yields 15, 24, 39, 63, 102.
Component averages – Each period is passed through Simple Moving Average logic to produce five baseline curves (ma1 through ma5).
Weighting methods – You decide how those five values are blended:
• Equal weighting treats every curve the same.
• Linear weighting applies factors 1‑to‑5 so the slowest curve counts five times as much as the fastest.
• Exponential weighting doubles each step for a fast‑reacting yet still smooth line.
• Fibonacci weighting multiplies each curve by its own period value, honouring the spirit of ratio mathematics.
Smoothing engine – The blended average is then smoothed a second time with your choice of SMA, EMA, DEMA, TEMA, RMA, WMA or HMA. A short smoothing length keeps the result lively, while longer lengths create institution‑grade glide paths that act like dynamic support and resistance.
3. Oscillator Construction
Once the smoothed Fib MA is in place, the script generates a raw oscillator value in one of three flavours:
• Distance – Percentage distance between price and the average. Great for mean‑reversion.
• Momentum – Percentage change of the average itself. Ideal for trend acceleration studies.
• Relative – Distance divided by Average True Range for volatility‑aware scaling.
That raw series is pushed through a look‑back normaliser that rescales every reading into a fixed −100 to +100 window. The normalisation window defaults to 100 bars but can be tightened for fast markets or expanded to capture long regimes.
4. Visual Layer
The oscillator line is gradient‑coloured from deep red through sky blue into bright green, so you can spot subtle momentum shifts with peripheral vision alone. There are four horizontal guide lines: Extreme Bear at −50, Bear Threshold at −20, Bull Threshold at +20 and Extreme Bull at +50. Soft fills above and below the thresholds reinforce the zones without cluttering the chart.
The smoothed Fib MA can be plotted directly on price for immediate trend context, and each of the five component averages can be revealed for educational or research purposes. Optional bar‑painting mirrors oscillator polarity, tinting candles green when momentum is bullish and red when momentum is bearish.
5. Divergence Detection
The script automatically looks for four classes of divergences between price pivots and oscillator pivots:
Regular Bullish, signalling a possible bottom when price prints a lower low but the oscillator prints a higher low.
Hidden Bullish, often a trend‑continuation cue when price makes a higher low while the oscillator slips to a lower low.
Regular Bearish, marking potential tops when price carves a higher high yet the oscillator steps down.
Hidden Bearish, hinting at ongoing downside when price posts a lower high while the oscillator pushes to a higher high.
Each event is tagged with an ℝ or ℍ label at the oscillator pivot, colour‑coded for clarity. Look‑back distances for left and right pivots are fully adjustable so you can fine‑tune sensitivity.
6. Alerts
Five ready‑to‑use alert conditions are included:
• Bullish when the oscillator crosses above +20.
• Bearish when it crosses below −20.
• Extreme Bullish when it pops above +50.
• Extreme Bearish when it dives below −50.
• Zero Cross for momentum inflection.
Attach any of these to TradingView notifications and stay updated without staring at charts.
7. Practical Applications
Swing trading trend filter – Plot the smoothed Fib MA on daily candles and only trade in its direction. Enter on oscillator retracements to the 0 line.
Intraday reversal scouting – On short‑term charts let Distance mode highlight overshoots beyond ±40, then fade those moves back to mean.
Volatility breakout timing – Use Relative mode during earnings season or crypto news cycles to spot momentum surges that adjust for changing ATR.
Divergence confirmation – Layer the oscillator beneath price structure to validate double bottoms, double tops and head‑and‑shoulders patterns.
8. Input Summary
• Source, Fibonacci multiplier, weighting method, smoothing length and type
• Oscillator calculation mode and normalisation look‑back
• Divergence look‑back settings and signal length
• Show or hide options for every visual element
• Full colour and line width customisation
9. Best Practices
Avoid using tiny multipliers on illiquid assets where the shortest Fibonacci window may drop under three bars. In strong trends reduce divergence sensitivity or you may see false counter‑trend flags. For portfolio scanning set oscillator to Momentum mode, hide thresholds and colour bars only, which turns the indicator into a heat‑map that quickly highlights leaders and laggards.
10. Final Notes
The Fibonacci Sequence Moving Average indicator seeks to fuse the mathematical elegance of the golden ratio with modern signal‑processing techniques. It is not a standalone trading system, rather a multi‑purpose information layer that shines when combined with market structure, volume analysis and disciplined risk management. Always test parameters on historical data, be mindful of slippage and remember that past performance is never a guarantee of future results. Trade wisely and enjoy the harmony of Fibonacci mathematics in your technical toolkit.
Multi SMA AnalyzerMulti SMA Analyzer with Custom SMA Table & Advanced Session Logic
A feature-rich SMA analysis suite for traders, offering up to 7 configurable SMAs, in-depth trend detection, real-time table, and true session-aware calculations.
Ideal for those who want to combine intraday, swing, and higher-timeframe trend analysis with maximum chart flexibility.
Key Features
📊 Multi-SMA Overlay
- 7 SMAs (default: 5, 20, 50, 100, 200, 21, 34)—individually configurable (period, source, color, line style)
- Show/hide each SMA, custom line style (solid, stepline, circles), and color logic
- Dynamic color: full opacity above SMA, reduced when below
⏰ Session-Aware SMAs
- Each SMA can be calculated using only user-defined session hours/days/timezone
- “Ignore extended hours” option for accurate intraday trend
📋 Smart Data Table
- Live SMA values, % distance from price, and directional arrows (↑/↓/→)
- Bull/Bear/Sideways trend classification
- Custom table position, size, colors, transparency
- Table can run on chart or custom (higher) timeframe for multi-TF analysis
🎯 Golden/Death Cross Detection
- Flexible crossover engine: select any two from (5, 10, 20, 50, 100, 200) for fast/slow SMA cross signals
- Plots icons (★ Golden, 💀 Death), optional crossover labels with custom size/colors
🏷️ SMA Labels
- Optional on-chart SMA period labels
- Custom placement (above/below/on line), size, color, offset
🚨 Signal & Trend Engine
- Bull/Bear/Sideways logic: price vs. multiple SMAs (not just one pair)
- Volume spike detection (2x 20-period SMA)
- Bullish engulfing candlestick detection
- All signals can use chart or custom table timeframe
🎨 Visual Customization
- Dynamic background color (Bull: green, Bear: red, Neutral: gray)
- Every visual aspect is customizable: label/table colors, transparency, size, position
🔔 Built-in Alerts
- Crossovers (SMA20/50, Golden/Death)
- Bull trend, volume spikes, engulfing pattern—all alert-ready
How It Works
- Session Filtering:
- SMAs can be set to count only bars from your chosen market session, for true intraday/trading-hour signals
Dynamic Table & Signals:
- Table and all signal logic run on your selected chart or custom timeframe
Flexible Crossover:
- Choose any pair (5, 10, 20, 50, 100, 200) for cross detection—SMA 10 is available for crossover even if not shown as an SMA line
Everything is modular:
- Toggle features, set visuals, and alerts to your workflow
🚨 How to Use Alerts
- All key signals (crossovers, trend shifts, volume spikes, engulfing patterns) are available as alert conditions.
To enable:
- Click the “Alerts” (clock) icon at the top of TradingView.
- Select your desired signal (e.g., “Golden Cross”) from the condition dropdown.
- Set your alert preferences and create the alert.
- Now, you’ll get notified automatically whenever a signal occurs!
Perfect For
- Multi-timeframe and swing traders seeking higher timeframe SMA confirmation
- Intraday traders who want to ignore pre/post-market data
- Anyone wanting a modern, powerful, fully customizable multi-SMA overlay
// P.S: Experiment with Golden Cross where Fast SMA is 5 and Slow SMA is 20.
// Set custom timeframe for 4 hr while monitoring your chart on 15 min time frame.
// Enable Background Color and Use Table Timeframe for Background.
// Uncheck Pine labels in Style tab.
Clean, open-source, and loaded with pro features—enjoy!
Like, share, and let me know if you'd like any new features added.
Market Pulse ProMarket Pulse Pro (Pulse‑X) — User Guide
Market Pulse Pro, also known as Pulse‑X, is an advanced momentum indicator that combines SMI, Stochastic RSI, and a smoothed signal line to identify zones of buying and selling strength in the market. It is designed to assess the balance of power between bulls and bears with clear visualizations.
How It Works
The indicator calculates three main components:
SMI (Stochastic Momentum Index) – measures price position relative to its recent range.
Stochastic RSI – captures overbought/oversold extremes of the RSI.
Smoothed Signal Line – based on closing price, smoothed using various methods (such as HMA, EMA, etc.).
Each component is normalized to create two final values:
Bull Herd (Buying Strength) – green line.
Bear Winter (Selling Strength) – red line.
Interpretation
Bull Herd (high green values): Bulls dominate the market. May indicate the start or continuation of an uptrend.
Bear Winter (high red values): Bears dominate. May indicate reversal or continuation of a downtrend.
Convergence around 50%: Market is balanced. Signals are weaker or indecisive.
Tip: Combine with price action analysis or support/resistance levels to confirm entries.
Customizable Settings
You can adjust:
SMI Period, Smooth K, and D – control the sensitivity of the SMI.
RSI Period – sets the RSI calculation window.
Signal Period – period for the price-based signal line.
Smoothing Methods – choose between HMA, EMA, WMA, JMA, SMMA, etc.
Line Width – thickness of the plotted lines.
Note: The JMA (Jurik Moving Average) used in this script is not the original proprietary version.
It is a custom public version, based on open-source code shared by the TradingView community.
The original JMA is copyrighted and owned by Jurik Research.
How to Use It in Practice
Buy Entries
When the green Bull Herd line crosses above 60 and the red Bear Winter line falls below 40.
Entry is more reliable if the green line is rising steadily.
Sell Entries
When the red Bear Winter line crosses above 60 and the green Bull Herd line falls.
Signals are stronger when there is a clear crossover and divergence between the two lines.
Avoid trading near the neutral zone (~50%), where the market shows indecision.
Additional Tips
Combine with volume analysis or reversal candlestick patterns for higher accuracy.
Test different smoothing methods: HMA is more responsive, SMMA is smoother and slower.
MestreDoFOMO Future Projection BoxMestreDoFOMO Future Projection Box - Description & How to Use
Description
The "MestreDoFOMO Future Projection Box" is a TradingView indicator tailored for crypto traders (e.g., BTC/USDT on 1H, 4H, or 1D timeframes). It visualizes current price ranges, projects future levels, and confirms trends using semi-transparent boxes. With labeled price levels and built-in alerts, it’s a simple yet powerful tool for identifying support, resistance, and potential price targets.
How It Works
Blue Box (Current Channel): Shows the recent price range over the last 10 bars (adjustable). The top is the highest high plus an ATR buffer, and the bottom is the lowest low minus the buffer. Labels display exact levels (e.g., "Top: 114000", "Bottom: 102600").
Green Box (Future Projection): Projects the price range 10 bars ahead (adjustable) based on the trend slope of the moving average. Labels show "Proj Top" and "Proj Bottom" for future targets.
Orange Box (Moving Average): Traces a 50-period EMA (adjustable) to confirm the trend. An upward slope signals a bullish trend; a downward slope signals a bearish trend. A label shows the current MA value (e.g., "MA: 105000").
Alerts: Triggers when the price nears the projected top or bottom, helping you catch breakouts or retracements.
How to Use
Add the Indicator: Apply "MestreDoFOMO Future Projection Box" to your chart in TradingView.
Interpret the Trend: Check the orange box’s slope—upward for bullish, downward for bearish.
Identify Key Levels: Use the blue box’s top as resistance and bottom as support. On a 4H chart, if the top is 114,000, expect resistance; if the bottom is 102,600, expect support.
Plan Targets: Use the green box for future targets—top for profit-taking (e.g., 114,000), bottom for stop-loss or buying (e.g., 102,600).
Set Alerts: Enable alerts for "Near Upper Projection" or "Near Lower Projection" to get notified when the price hits key levels.
Trade Examples:
Bullish: If the price breaks above the blue box top (e.g., 114,000), buy with a target at the green box top. Set a stop-loss below the green box bottom.
Bearish: If the price rejects at the blue box top and drops below the orange MA, short with a target at the blue box bottom.
Customize: Adjust the lookback period, projection bars, ATR multiplier, and MA length in the settings to fit your trading style.
Tips
Use on 1H for short-term trades, 4H for swing trades, or 1D for long-term trends.
Combine with volume or RSI to confirm signals.
Validate levels with market structure (e.g., candlestick patterns).
Market Sentiment Index US Top 40 [Pt]▮Overview
Market Sentiment Index US Top 40 [Pt} shows how the largest US stocks behave together. You pick one simple measure—High Low breakouts, Above Below moving average, or RSI overbought/oversold—and see how many of your chosen top 10/20/30/40 NYSE or NASDAQ names are bullish, neutral, or bearish.
This tool gives you a quick view of broad-market strength or weakness so you can time trades, confirm trends, and spot hidden shifts in market sentiment.
▮Key Features
► Three Simple Modes
High Low Index: counts stocks making new highs or lows over your lookback period
Above Below MA: flags stocks trading above or below their moving average
RSI Sentiment: marks overbought or oversold stocks and plots a small histogram
► Universe Selection
Top 10, 20, 30, or 40 symbols from NYSE or NASDAQ
Option to weight by market cap or treat all symbols equally
► Timeframe Choice
Use your chart’s timeframe or any intraday, daily, weekly, or monthly resolution
► Histogram Smoothing
Two optional moving averages on the sentiment bars
Markers show when the faster average crosses above or below the slower one
► Ticker Table
Optional on-chart table showing each ticker’s state in color
Grid or single-row layout with adjustable text size and color settings
▮Inputs
► Mode and Lookback
Pick High Low, Above Below MA, or RSI Sentiment
Set lookback length (for example 10 bars)
If using Above Below MA, choose the moving average type (EMA, SMA, etc.)
► Universe Setup
Market: NYSE or NASDAQ
Number of symbols: 10, 20, 30, or 40
Weights: on or off
Timeframe: blank to match chart or pick any other
► Moving Averages on Histogram
Enable fast and slow averages
Set their lengths and types
Choose colors for averages and markers
► Table Options
Show or hide the symbol table
Select text size: tiny, small, or normal
Choose layout: grid or one-row
Pick colors for bullish, neutral, and bearish cells
Show or hide exchange prefixes
▮How to Read It
► Sentiment Bars
Green means bullish
Red means bearish
Near zero means neutral
► Zero Line
Separates bullish from bearish readings
► High Low Line (High Low mode only)
Smooth ratio of highs versus lows over your lookback
► MA Crosses
Fast MA above slow MA hints rising breadth
Fast MA below slow MA hints falling breadth
► Ticker Table
Each cell colored green, gray, or red for bull, neutral, or bear
▮Use Cases
► Confirm Market Trends
Early warning when price makes highs but breadth is weak
Catch rallies when breadth turns strong while price is flat
► Spot Sector Rotation
Switch between NYSE and NASDAQ to see which group leads
Watch tech versus industrial breadth to track money flow
► Filter Trade Signals
Enter longs only when breadth is bullish
Consider shorts when breadth turns negative
► Combine with Other Indicators
Use RSI Sentiment with trend tools to spot overextended moves
Add volume indicators in High Low mode for breakout confirmation
► Timeframe Analysis
Daily for big-picture bias
Intraday (15-min) for precise entries and exits
Constance Brown RSI with Composite IndexConstance Brown RSI with Composite Index
Overview
This indicator combines Constance Brown's RSI interpretation methodology with a Composite Index and ATR Distance to VWAP measurement to provide a comprehensive trading tool. It helps identify trends, momentum shifts, overbought/oversold conditions, and potential reversal points.
Key Features
Color-coded RSI zones for immediate trend identification
Composite Index for momentum analysis and divergence detection
ATR Distance to VWAP for identifying extreme price deviations
Automatic divergence detection for early reversal warnings
Pre-configured alerts for key trading signals
How to Use This Indicator
Trend Identification
The RSI line changes color based on its position:
Blue zone (RSI > 50): Bullish trend - look for buying opportunities
Purple zone (RSI < 50): Bearish trend - look for selling opportunities
Gray zone (RSI 40-60): Neutral/transitional market - prepare for potential breakout
The 40-50 area (light blue fill) acts as support during uptrends, while the 50-60 area (light purple fill) acts as resistance during downtrends.
// From the code:
upTrendZone = rsiValue > 50 and rsiValue <= 90
downTrendZone = rsiValue < 50 and rsiValue >= 10
neutralZone = rsiValue > 40 and rsiValue < 60
rsiColor = neutralZone ? neutralRSI : upTrendZone ? upTrendRSI : downTrendRSI
Momentum Analysis
The Composite Index (fuchsia line) provides momentum confirmation:
Values above 50 indicate positive momentum
Values below 40 indicate negative momentum
Crossing above/below these thresholds signals potential momentum shifts
// From the code:
compositeIndexRaw = rsiChange / ta.stdev(rsiValue, rsiLength)
compositeIndex = ta.sma(compositeIndexRaw, compositeSmoothing)
compositeScaled = compositeIndex * 10 + 50 // Scaled to fit 0-100 range
Overbought/Oversold Detection
The ATR Distance to VWAP table in the top-right corner shows how far price has moved from VWAP in terms of ATR units:
Extreme positive values (orange/red): Potentially overbought
Extreme negative values (purple/red): Potentially oversold
Near zero (gray): Price near average value
// From the code:
priceDistance = (close - vwapValue) / ta.atr(atrPeriod)
// Color coding based on distance value
Divergence Trading
The indicator automatically detects divergences between the Composite Index and price:
Bullish divergence: Price makes lower low but Composite Index makes higher low
Bearish divergence: Price makes higher high but Composite Index makes lower high
// From the code:
divergenceBullish = ta.lowest(compositeIndex, rsiLength) > ta.lowest(close, rsiLength)
divergenceBearish = ta.highest(compositeIndex, rsiLength) < ta.highest(close, rsiLength)
Trading Strategies
Trend Following
1. Identify the trend using RSI color:
Blue = Uptrend, Purple = Downtrend
2. Wait for pullbacks to support/resistance zones:
In uptrends: Buy when RSI pulls back to 40-50 zone and bounces
In downtrends: Sell when RSI rallies to 50-60 zone and rejects
3. Confirm with Composite Index:
Uptrends: Composite Index stays above 50 or quickly returns above it
Downtrends: Composite Index stays below 50 or quickly returns below it
4. Manage risk using ATR Distance:
Take profits when ATR Distance reaches extreme values
Place stops beyond recent swing points
Reversal Trading
1. Look for divergences
Bullish: Price makes lower low but Composite Index makes higher low
Bearish: Price makes higher high but Composite Index makes lower high
2. Confirm with ATR Distance:
Extreme readings suggest potential reversals
3. Wait for RSI zone transition:
Bullish: RSI crosses above 40 (purple to neutral/blue)
Bearish: RSI crosses below 60 (blue to neutral/purple)
4. Enter after confirmation:
Use candlestick patterns for precise entry
Place stops beyond the divergence point
Four pre-configured alerts are available:
Momentum High: Composite Index above 50
Momentum Low: Composite Index below 40
Bullish Divergence: Composite Index higher low
Bearish Divergence: Composite Index lower high
Customization
Adjust these parameters to optimize for your trading style:
RSI Length: Default 14, lower for more sensitivity, higher for fewer signals
Composite Index Smoothing: Default 10, lower for quicker signals, higher for less noise
ATR Period: Default 14, affects the ATR Distance to VWAP calculation
This indicator works well across various markets and timeframes, though the default settings are optimized for daily charts. Adjust parameters for shorter or longer timeframes as needed.
Happy trading!
EMA 9/21/50 + VWAP + MACD + RSI Pro [v6]Overview:
A powerful multi-indicator tool combining Exponential Moving Averages (EMA 9, 21, 50), Volume-Weighted Average Price (VWAP), Moving Average Convergence Divergence (MACD), and Relative Strength Index (RSI) into a single, easy-to-read system. Designed for traders who want a clean, all-in-one dashboard for trend analysis, momentum confirmation, and overbought/oversold conditions.
Key Features:
1. Triple EMA System (9, 21, 50)
Identifies short-term and medium-term trends.
Bullish Signal: EMA 9 > EMA 21 > EMA 50 (Green Highlight)
Bearish Signal: EMA 9 < EMA 21 < EMA 50 (Red Highlight)
Helps confirm trend direction and potential reversals.
2. VWAP (Volume-Weighted Average Price)
Tracks intraday fair value price based on volume.
Bullish: Price above VWAP (Green)
Bearish: Price below VWAP (Red)
3. MACD (Standard 12, 26, 9 Settings)
Shows momentum shifts.
Bullish: MACD line > Signal line (Green)
Bearish: MACD line < Signal line (Red)
Histogram confirms strength of momentum.
4. RSI (14-Period Default)
Identifies overbought (>70) and oversold (<30) conditions.
Red: Overbought (Potential Reversal)
Green: Oversold (Potential Bounce)
5. Signal Dashboard (Top-Right Table)
Real-time summary of all indicators in one place.
Color-coded for quick interpretation (Green = Bullish, Red = Bearish).
How to Use This Indicator?
✅ Trend Confirmation:
Trade in the direction of EMA alignment (9 > 21 > 50 for uptrends).
Use VWAP as dynamic support/resistance.
✅ Momentum Entries:
Look for MACD crossovers while RSI is not extreme.
Avoid buying when RSI > 70 or selling when RSI < 30 (unless strong trend).
✅ Mean Reversion:
Fade extreme RSI readings (overbought/oversold) when price is at key levels.
Who Is This For?
✔ Swing Traders – EMA + MACD combo for trend-following.
✔ Day Traders – VWAP + EMA for intraday bias.
✔ RSI Traders – Clear overbought/oversold signals.
Settings Customization:
Adjust EMA lengths, RSI periods, and MACD settings as needed.
Toggle VWAP visibility on/off.
Why Use This Script?
📌 All-in-One: No need for multiple indicators cluttering your chart.
📌 Visual Clarity: Color-coded signals for quick decision-making.
📌 Flexible: Works on any timeframe (1M, 5M, 1H, Daily, etc.).
Install now and enhance your trading strategy with a professional-grade multi-indicator system!
Not a financial advice. Use at your own discretion and always apply risk management
Stochastic Overlay - Regression Channel (Zeiierman)█ Overview
The Stochastic Overlay – Regression Channel (Zeiierman) is a next-generation visualization tool that transforms the traditional Stochastic Oscillator into a dynamic price-based overlay.
Instead of leaving momentum trapped in a lower subwindow, this indicator projects the Stochastic oscialltor directly onto price itself — allowing traders to visually interpret momentum, overbought/oversold conditions, and market strength without ever taking their eyes off price action.
⚪ In simple terms:
▸ The Bands = The Stochastic Oscillator — but on price.
▸ The Midline = Stochastic 50 level
▸ Upper Band = Stochastic Overbought Threshold
▸ Lower Band = Stochastic Oversold Threshold
When the price moves above the midline → it’s the same as the oscillator moving above 50
When the price breaks above the upper band → it’s the same as Stochastic entering overbought.
When the price reaches the lower band →, think of it like Stochastic being oversold.
This makes market conditions visually intuitive. You’re literally watching the oscillator live on the price chart.
█ How It Works
The indicator layers 3 distinct technical elements into one clean view:
⚪ Stochastic Momentum Engine
Tracks overbought/oversold conditions and directional strength using:
%K Line → Momentum of price
%D Line → Smoothing filter of %K
Overbought/Oversold Bands → Highlight potential reversal zones
⚪ Volatility Adaptive Bands
Dynamic bands plotted above and below price using:
ATR * Stochastic Scaling → Creates wider bands during volatile periods & tighter bands in calm conditions
Basis → Moving average centerline (EMA, SMA, WMA, HMA, RMA selectable)
This means:
→ In strong trends: Bands expand
→ In consolidations: Bands contract
⚪ Regression Channel
Projects trend direction with different models:
Logarithmic → Captures non-linear growth (perfect for crypto or exponential stocks)
Linear → Classic regression fit
Adaptive → Dynamically adjusts sensitivity
Leading → Projects trend further ahead (aggressive mode)
Channels include:
Midline → Fair value trend
Upper/Lower Bounds → Deviation-based support/resistance
⚪ Heatmap - Bull & Bear Power Strength
Visual heatmeter showing:
% dominance of bulls vs bears (based on close > or < Band Basis)
Automatic normalization regardless of timeframe
Table display on-chart for quick visual insight
Dynamic highlighting when extreme levels are reached
⚪ Trend Candlestick Coloring
Bars auto-color based on trend filter:
Above Basis → Bullish Color
Below Basis → Bearish Color
█ How to Use
⚪ Trend Trading
→ Use Band direction + Regression Channel to identify trend alignment
→ Longs favored when price holds above the Basis
→ Shorts favored when price stays below the Basis
→ Use the Bull & Bear heatmap to asses if the bulls or the bears are in control.
⚪ Mean Reversion
→ Look for price to interact with Upper or Lower Band extremes
→ Stochastic reaching OB/OS zones further supports reversals
⚪ Momentum Confirmation
→ Crossovers between %K and %D can confirm continuation or divergence signals
→ Especially powerful when happening at band boundaries
⚪ Strength Heatmap
→ Quickly visualize current buyer vs seller control
→ Sharp spikes in Bull Power = Aggressive buying
→ Sharp spikes in Bear Power = Heavy selling pressure
█ Why It Useful
This is not a typical Stochastic or regression tool. The tool is designed for traders who want to:
React dynamically to price volatility
Map momentum into volatility context
Use adaptive regression channels across trend styles
Visualize bull vs bear power in real-time
Follow trends with built-in reversal logic
█ Settings
Stochastic Settings
Stochastic Length → Period of calculation. Higher = smoother, Lower = faster signals.
%K Smoothing → Smooths the Stochastic line itself.
%D Smoothing → Smooths the moving average of %K for slower signals.
Stochastic Band
Band Length → Length of the Moving Average Basis.
Volatility Multiplier → Controls band width via ATR scaling.
Band Type → Choose MA type (EMA, SMA, WMA, HMA, RMA).
Regression Channel
Regression Type → Logarithmic / Linear / Adaptive / Leading.
Regression Length → Number of bars for regression calculation.
Heatmap Settings
Heatmap Length → Number of bars to calculate bull/bear dominance.
-----------------
Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Larry Williams POIV A/D [tradeviZion]Larry Williams' POIV A/D - Release Notes v1.0
=================================================
Release Date: 01 April 2025
OVERVIEW
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The Larry Williams POIV A/D (Price, Open Interest, Volume Accumulation/Distribution) indicator implements Williams' original formula while adding advanced divergence detection capabilities. This powerful tool combines price movement, open interest, and volume data to identify potential trend reversals and continuations.
FEATURES
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- Implements Larry Williams' original POIV A/D formula
- Divergence detection system:
* Regular divergences for trend reversal signals
* Hidden divergences for trend continuation signals
- Fast Mode option for earlier pivot detection
- Customizable sensitivity for divergence filtering
- Dynamic color visualization based on indicator direction
- Adjustable smoothing to reduce noise
- Automatic fallback to OBV when Open Interest is unavailable
FORMULA
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POIV A/D = CumulativeSum(Open Interest * (Close - Close ) / (True High - True Low)) + OBV
Where:
- Open Interest: Current period's open interest
- Close - Close : Price change from previous period
- True High - True Low: True Range
- OBV: On Balance Volume
DIVERGENCE TYPES
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1. Regular Divergences (Reversal Signals):
- Bullish: Price makes lower lows while indicator makes higher lows
- Bearish: Price makes higher highs while indicator makes lower highs
2. Hidden Divergences (Continuation Signals):
- Bullish: Price makes higher lows while indicator makes lower lows
- Bearish: Price makes lower highs while indicator makes higher highs
REQUIREMENTS
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- Works best with futures and other instruments that provide Open Interest data
- Automatically adapts to work with any instrument by using OBV when OI is unavailable
USAGE GUIDE
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1. Apply the indicator to any chart
2. Configure settings:
- Adjust sensitivity for divergence detection
- Enable/disable Fast Mode for earlier signals
- Customize visual settings as needed
3. Look for divergence signals:
- Regular divergences for potential trend reversals
- Hidden divergences for trend continuation opportunities
4. Use the alerts system for automated divergence detection
KNOWN LIMITATIONS
----------------
- Requires Open Interest data for full functionality
- Fast Mode may generate more signals but with lower reliability
ACKNOWLEDGEMENTS
---------------
This indicator is based on Larry Williams' work on Open Interest analysis. The implementation includes additional features for divergence detection while maintaining the integrity of the original formula.
Psych Level ScreenerThis Script is intended for Pine Screener and is not designed as a indicator!!!
Pine Screener is something TradingView has recently added and is still only a Beta version.
Pine Screener itself is currently only available to members that are Premium and above.
What it does:
This screener will actively look for tickers that are close to Pysch level in your watchlist.
Psych level here refers to price levels that are round numbers such as 50,100,1000.
Users can specify the offset from a psych level (in %) and scanner will scan for tickers that are within the offset. For example if offset is set at 5% then it will scan for tickers that are within +/-5% of a ticker. (for $100 psych level it will scan for ticker in $95-105 range)
Once scan is completed you will be able to see:
- Current price of ticker
- Closest psych level for that ticker
- % and $ move required for it to hit that psych level
- Ticker's day range and Average range (with % of average range completed for the day)
- Ticker volume and average volume
Setting up:
www.tradingview.com
Above link will help you guide how to setup Pine screener.
Use steps below to guide you the setup for this specific screener:
1. Open Pine Screener (open new tab, select screener the "Pine")
2. At the top, click on "Choose Indicator" and select "Psych Level Screener"
3. At the top again, click "Indicator Psych Level Screener" and select settings.
4. Change setting to your needs. Hit Apply when done.
a)"% offset from Psych Level" will scan for any stocks in your watchlist which are +/- from the offset you chose for any given psych level. Default is 5. (e.g. If offset is 5%, it will scan for stocks that are between $95-$105 vs $100 psych level, $190-$210 for $200 psych level and so on)
b) ATR length is number of previous trading days you want to include in your calculation. Moving Average Type is calculation method.
c) Rvol length is number of previous trading days you want to include in your calculation.
5. On top left, click "Price within specified offset of Psych. Level" and select true. Then select "Scan" which is located at the top next to "Indicator Psych Level Screener". This will filter out all the stock that meets the condition.
6. At the end of the column on the right there is a "+" symbol. From there you can add/remove columns. 30min/1hr/4hr/1D Trend are disabled by default so if this is needed please enable them.
7. You can change the order of ticker by ascending and descending order of each column label if needed. Just click on the arrow that comes up when you move the cursor to any of the column items.
8. You can specify advanced filter settings based on the variables in the column. (e.g., set price range of stock to filter out further) To do so, click on the column variable name in interest, located above the screener table (or right below "scan") and select "manual setup".
How to read the column:
Current Price: Shows current price of the ticker when scan was done. Currently Pine Screener does NOT support pre/post-hours data so no PM and AH price.
Psych Level: Psych level the current price is near to.
% to Psych Level: Price movement in % necessary to get to the Psych level.
$ to Psych Level: Price movement in $ necessary to get to the Psych level.
DTR: Daily True Range of the stock. i.e. High - Low of the ticker on the day.
ATR: Average True Range of stock in the last x days, where x is a value selected in the setting. (See step 3 in Previous section)
DTR vs ATR: Amount of DTR a ticker has done in % with respect to ATR. (e.g., 90% means DTR is 90% of ATR)
Vol.: Volume of a ticker for the day. Currently Pine Screener does NOT support pre/post-hours data so no PM and AH volume.
Avg. Vol: Average volume of a ticker in the last x days, where x is a value selected in the setting. (See step 3 in Previous section)
Rvol: Relative volume in percentage, measured by the ratio of day's volume and average volume.
30min/1hr/4hr/1D Trend: Trend status to see if the chart is Bullish or Bearish on each of the time frame. Bullishness or Bearishness is defined by the price being over or under the 34/50 cloud on each of the time frame. Output of 1 is Bullish, -1 is Bearish. 0 means price is sitting inside the 34/50 cloud. Currently Pine Screener does NOT support pre/post-hours data so 34/50 cloud is based on regular trading hours data ONLY.
Some things user should be aware of:
- Pine Screener itself is currently only available to TradingView members with Premium Subscription and above. (I can't to anything about this as this is NOT set by me, I have no control) For more info: www.tradingview.com
- The Pine Screener itself is a Beta version and this screener can stop working anytime depending on changes made by TradingView themselves. (Again I cannot control this)
- Pine Screener can only run on Watchlists for now. (as of 03/31/2025) You will have to prepare your own watchlists. In a Watchlist no more than 1000 tickers may be added. (This is TradingView rules)
- Psych level included are currently 50 to 1500 in steps of 50. If you need a specific number please let me know. Will add accordingly.
- Unfortunately this screener does not update automatically, so please hit "scan" to get latest screener result.
- I cannot add 10min trend to the column as Pine Screener does NOT support 10min timeframe as of now. (03/31/2025)
- This code is only meant for Pine Screener. I do NOT recommend using this as an indicator.
- Currently Pine Screener does NOT support pre/post-hours data. So data such as Price, Volume and EMA values are based on market hours data ONLY! (If I'm wrong about this please correct me / let me know and will make look into and make changes to the code)
Other useful links about Pine Screener:
Quick overview of the Screener’s functionality: www.tradingview.com
what do you need to know before you start working? : www.tradingview.com
These links will go over the setting up with GIFs so is easier to understand.
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If there are other column variables that you think is worth adding please let me know! Will try add it to the screener!
If you have any questions let me know as well, will reply soon as I can!
Have a good trading day and hope it helps!
zone trading stratThis only works for DOGEUSD , I made it for the 8cap chart so only use it for that.
If you want this for other symbols/charts you need to comment below or msg me.
# Price Zone Trading System: Technical Explanation
## Core Concept
The Price Zone Tracker is built on the concept that price tends to respect certain key levels or "zones" on the chart. These zones act as support and resistance areas where price may bounce or break through. The system combines zone analysis with multiple technical indicators to generate high-probability trading signals.
## Zone Analysis
The system tracks 9 predefined price zones. Each zone has both a high and low boundary, except for Zone 5 which is represented by a single line. When price enters a zone, the system monitors whether it stays within the zone, breaks above it (bullish), or breaks below it (bearish).
This zone behavior establishes the foundational bias of the system:
- When price closes above its previous zone: Zone State = Bullish
- When price closes below its previous zone: Zone State = Bearish
- When price remains within a zone: Zone State = Neutral
## Trend Analysis Components
The system performs multi-timeframe analysis using several technical components:
1. **Higher Timeframe Analysis** (±3 points in scoring)
- Uses 15-minute charts for sub-5-minute timeframes
- Uses 30-minute charts for 5-minute timeframes
- Uses 60-minute charts for timeframes above 5 minutes
- Evaluates candlestick patterns and EMA crossovers on the higher timeframe
2. **EMA Direction** (±1 point in scoring)
- Compares 12-period and 26-period EMAs
- Bullish when fast EMA > slow EMA
- Bearish when fast EMA < slow EMA
3. **MACD Analysis** (±1 point in scoring)
- Uses standard 12/26/9 MACD settings
- Bullish when MACD line crosses above signal line with positive histogram
- Bearish when MACD line crosses below signal line with negative histogram
4. **Price Action** (±2 points in scoring)
- Evaluates whether price is making higher highs/higher lows (uptrend)
- Or lower highs/lower lows (downtrend)
- Also considers ATR-based volatility and strength of movements
## Trend Score Calculation
All these components are weighted and combined into a trend score:
- Higher timeframe components have stronger weights (±2-3 points)
- Current timeframe components have moderate weights (±1 point)
- Price action components have varied weights (±0.5-2 points)
The final trend state is determined by thresholds:
- Score > +3: Trend Analysis State = Bullish
- Score < -3: Trend Analysis State = Bearish
- Score between -3 and +3: Trend Analysis State = Neutral
## Signal Generation Logic
The system combines the Zone State with the Trend Analysis State:
1. If Zone State and Trend Analysis State are both bullish:
- Combined State = Bullish
- Line Color = Green
2. If Zone State and Trend Analysis State are both bearish:
- Combined State = Bearish
- Line Color = Red
3. If Zone State and Trend Analysis State contradict each other:
- Combined State = Neutral
- Line Color = Black
This implements a safety mechanism requiring both zone analysis and technical indicators to agree before generating a directional signal.
## Trading Signals
Trading signals are generated based on changes in the Combined State:
- When Combined State changes from neutral/bearish to bullish:
- Trading Signal = LONG (green triangle appears on chart)
- When Combined State changes from neutral/bullish to bearish:
- Trading Signal = SHORT (red triangle appears on chart)
- When Combined State changes from bullish/bearish to neutral:
- Trading Signal = EXIT (yellow X appears on chart)
- When Combined State remains unchanged:
- Trading Signal = NONE (no new marker appears)
## Reversal Warning
The system also monitors for potential reversal conditions:
- When Combined State is bullish but both RSI and MFI are overbought (>70)
- When Combined State is bearish but both RSI and MFI are oversold (<30)
In these cases, a yellow diamond appears on the chart as a warning that a reversal might be imminent.
## Visual Elements
The indicator provides multiple visual elements:
1. Zone boundaries as translucent orange areas
2. A single colored line below price (green/red/black) showing the current signal
3. Trading signals as shapes on the chart
4. An information panel showing all relevant indicator values and signals
## Usage Limitations
The indicator is designed to work optimally on timeframes below 30 minutes. On higher timeframes, a warning appears and analysis is disabled.
Trapped Traders Order BlocksHow It Works
The Trapped Traders Order Blocks indicator identifies specific price action patterns that suggest large market participants ("big money") have been trapped in losing positions after significant price sweeps, creating potential opportunities for reversals. The indicator detects both "bullish trap blocks" (where bearish traders are trapped) and "bearish trap blocks" (where bullish traders are trapped). Here’s the step-by-step process for each:
Bullish Trap Block (Bears Trapped):
A bearish candle (Candle A) must sweep the high of the previous candle (Candle B), meaning its high exceeds the high of the prior candle.
This bearish candle must have a longer upper wick than its lower wick, indicating rejection of higher prices.
The candle must not be a doji (i.e., it must have a significant body, defined as the body being at least 10% of the candle's range).
The next candle (Candle C) must close above the body of the bearish candle (Candle A), suggesting that price has immediately moved against the bearish sweep, potentially trapping bearish traders who entered short positions expecting a downward move.
The body of the bearish candle (Candle A) is marked as a "bullish trap block." A box is drawn around this candle's body, and a label ("Bullish Trap") is placed below it.
Bearish Trap Block (Bulls Trapped):
A bullish candle (Candle A) must sweep the low of the previous candle (Candle B), meaning its low is below the low of the prior candle.
This bullish candle must have a longer lower wick than its upper wick, indicating rejection of lower prices.
The candle must not be a doji.
The next candle (Candle C) must close below the body of the bullish candle (Candle A), suggesting that price has immediately moved against the bullish sweep, potentially trapping bullish traders who entered long positions expecting an upward move.
The body of the bullish candle (Candle A) is marked as a "bearish trap block." A box is drawn around this candle's body, and a label ("Bearish Trap") is placed above it.
Dynamic Box Extension:
For both bullish and bearish trap blocks, the box extends dynamically to the current bar unless it exceeds a user-defined age (default is 52 bars), at which point it stops at the maximum age.
Sweep Detection:
Bullish Sweep (of any trap block, bullish or bearish):
The current candle's open is above the top of the box.
The low is below the top of the box.
The close is above the top of the box.
The lower wick is longer than the upper wick (indicating rejection of lower prices).
The close is above 50% of the candle's range (ensuring a strong bullish bias).
When a bullish sweep occurs, a label ("Bullish Sweep") is placed at the low of the candle, pointing upward, and an alert is triggered.
Bearish Sweep (of any trap block, bullish or bearish):
The current candle's open is below the bottom of the box.
The high is above the bottom of the box.
The close is below the bottom of the box.
The upper wick is longer than the lower wick (indicating rejection of higher prices).
The close is below 50% of the candle's range (ensuring a strong bearish bias).
When a bearish sweep occurs, a label ("Bearish Sweep") is placed at the high of the candle, pointing downward, and an alert is triggered.
When to Be Used
The Trapped Traders Order Blocks indicator is best used in the following scenarios:
Reversal Trading:
Use this indicator to identify potential reversal points in the market. Bullish trap blocks suggest that trapped bears may unwind their short positions, leading to a potential bullish move. Bearish trap blocks suggest that trapped bulls may unwind their long positions, leading to a potential bearish move.
Look for sweeps of these blocks as confirmation of a directional move. A bullish sweep indicates a potential upward move, while a bearish sweep indicates a potential downward move.
Range-Bound Markets:
In sideways or ranging markets, trapped blocks can highlight key levels where large players have been caught off-guard. These levels often act as support or resistance, and a sweep of the block can signal a breakout or continuation in the direction of the sweep.
Confluence with Other Indicators:
Combine the trapped blocks with other technical analysis tools, such as support/resistance levels, Fibonacci retracements, or volume analysis, to increase the probability of a successful trade. For example, a bullish trap block near a strong support level with a bullish sweep can provide a high-probability setup for a long position, while a bearish trap block near a strong resistance level with a bearish sweep can signal a short opportunity.
Timeframes:
The indicator is most effective on higher timeframes such as 1-day (1D), 1-week (1W), and 1-month (1M) charts. These timeframes are more likely to capture significant moves involving large market participants, reducing noise and false signals compared to lower timeframes. While it can be used on lower timeframes (e.g., 1-hour or 4-hour), the signals may be less reliable due to increased market noise.
Logic Behind It
The logic behind the Trapped Traders Order Blocks indicator is rooted in market psychology and the behavior of large market participants ("big money"). When a large sweep candle occurs where price spikes in one direction but then quickly reverses it often indicates that traders have entered positions in the direction of the sweep, expecting a continuation. However, if the price immediately moves against them, these traders are now trapped in losing positions.
Bullish Trap Block (Bears Trapped):
A large bearish sweep candle (spiking upward but closing lower) suggests that bearish traders (bears) have entered short positions at the top of the move, expecting a downward continuation. If the next candle closes above the bearish candle's body, these bears are trapped in losing positions.
The body of the bearish candle becomes a "bullish trap block" because the trapped bears are likely to have placed their stop-loss orders or break-even exit orders just above the high of the sweep candle or within the body of the candle. As price revisits this level in the future, these trapped traders may attempt to unwind their positions by buying back their shorts, which can drive the price higher. This unwinding process often attracts new buyers, leading to a potential bullish reversal or continuation.
The bullish sweep conditions (e.g., close > box top, longer lower wick, and close above 50% of the range) ensure that the price action at the block level shows strong bullish momentum and rejection of lower prices, confirming the potential for a move higher.
Bearish Trap Block (Bulls Trapped):
A large bullish sweep candle (spiking downward but closing higher) suggests that bullish traders (bulls) have entered long positions at the bottom of the move, expecting an upward continuation. If the next candle closes below the bullish candle's body, these bulls are trapped in losing positions.
The body of the bullish candle becomes a "bearish trap block" because the trapped bulls are likely to have placed their stop-loss orders or break-even exit orders just below the low of the sweep candle or within the body of the candle. As price revisits this level in the future, these trapped traders may attempt to unwind their positions by selling their longs, which can drive the price lower. This unwinding process often attracts new sellers, leading to a potential bearish reversal or continuation.
The bearish sweep conditions (e.g., close < box bottom, longer upper wick, and close below 50% of the range) ensure that the price action at the block level shows strong bearish momentum and rejection of higher prices, confirming the potential for a move lower.
Summary
Bullish Trap Block: Occurs when bears get trapped after a bearish sweep candle is immediately followed by a bullish candle, indicating a potential reversal as trapped bears may unwind their positions.
Bearish Trap Block: Occurs when bulls get trapped after a bullish sweep candle is immediately followed by a bearish candle, indicating a potential bearish reversal.
Use Case: Ideal for identifying reversal opportunities, especially in range-bound markets or at key support/resistance levels on higher timeframes like 1D, 1W, and 1M, and can be combined with other indicators for confluence.
Logic: Large sweep candles followed by an immediate reversal suggest that big money has been trapped, and these traders may unwind their positions at break-even in the near future, driving price in the opposite direction of their initial trade.
This indicator provides a visual and actionable way to identify these trapped trader scenarios, with customizable settings for box display, sweep visuals, and alerts to help traders capitalize on these opportunities, particularly on higher timeframes where the signals are most reliable.
Enhanced Order Flow Pressure GaugeShort Description:
Estimates bullish/bearish pressure by analyzing each candle’s close position within its range, then weighting that by volume. Detects potential trend shifts and provides real-time signals.
Full Description:
1. Purpose
The Enhanced Order Flow Pressure Gauge (OFPG+) is designed to approximate buy vs. sell pressure within each bar, even if you don’t have full Level II / order flow data. By measuring the candle’s close relative to its high-low range and multiplying by volume, OFPG+ provides insights into which side of the market (bulls or bears) is more aggressive in a given interval.
2. Key Components
Pressure Score (Histogram):
Raw measure of each bar’s close position (rangePos) minus midpoint, multiplied by volume. If the bar closes near its high with decent volume, the score is positive (bullish). Conversely, a close near its low yields a negative (bearish) reading.
Cumulative Pressure:
Sum of all pressure readings over time (similar to cumulative delta), reflecting the overall market bias.
Pressure Delta:
The change in cumulative pressure from one bar to the next, plotted as a line. Rising values suggest increasing bullish momentum, while falling values show growing bearish influence.
3. Visual Cues & Signals
Histogram (Pressure Profile): A color-coded bar for each candle, indicating net bullish (blue) or bearish (gray) intrabar pressure.
Pressure Delta Line: Plotted over the histogram. Turns bullish (blue) when net buy pressure is increasing, or bearish (gray) when net selling accelerates.
Background Highlights:
Turns lightly blue if the smoothed pressure line exceeds the positive threshold, or lightly gray if it goes below the negative threshold.
Bullish / Bearish Signals:
Bullish Signal occurs when the smoothed pressure line crosses above the positive threshold, combined with a positive Delta.
Bearish Signal occurs when the smoothed pressure line crosses below the negative threshold, combined with a negative Delta.
Confirmed Signals:
After a bullish/bearish signal, OFPG+ checks the highest or lowest smoothed pressure values over a user-defined number of bars (signalLookback) to confirm momentum.
Plotshapes (diamond icons) appear on the chart to mark these confirmed reversals.
4. Usage Scenarios
Trend-Following / Momentum: Watch for transitions from negative to positive net pressure or vice versa. Helps identify potential turning points.
Reversal Confirmation: The threshold-based signals plus the “confirmed” checks can help filter choppy conditions.
Volume-Weighted Insights: By factoring in volume, strong closes near the highs or lows are weighted more heavily, capturing sentiment shifts.
5. Inputs & Parameters
Smoothing Length (length): The EMA period for smoothing the raw pressure score.
Volume Weight (volWeight): Scales the volume impact on pressure calculations.
Pressure Threshold (threshold): Defines when pressure is considered significantly bullish or bearish.
Signal Lookback (signalLookback): Number of bars to confirm momentum after a signal.
6. Alerts
Bullish Signal & Confirmed Bullish
Bearish Signal & Confirmed Bearish
These alerts can notify you in real-time about potential shifts in the market’s buying or selling pressure.
7. Disclaimer
This script provides an approximation of order flow by analyzing candle structure and volume. It does not represent actual exchange-level order data.
Past performance is not necessarily indicative of future results. Always conduct thorough analysis and use proper risk management.
Not financial advice. Use at your own discretion.
