Capiba Ultimate Suite (RSI, MA Cloud & Volatility)
🇬🇧 English
Summary
This indicator, Capiba Ultimate Suite, is a powerful compilation of various open-source technical analysis tools, refined and integrated into a single, cohesive, and functional package. The goal is to provide a complete system with clear entry and exit signals, ideal for traders operating in trending and volatile markets.
The combination of a custom momentum oscillator (Ultimate RSI), a moving average cloud for trend definition, and a volatility oscillator for range analysis transforms this script into a true trading suite.
Disclaimer: This indicator is most effective in markets with a defined trend (bullish or bearish) and may generate less reliable signals during periods of strong consolidation.
Components and How to Use
Ultimate RSI with Crossover Signals (Entries and Exits)
What it is: A variation of the classic RSI, designed to be more reactive to price movements.
Entry Signals (Buy): A green arrow (▲) appears below the candle when the Ultimate RSI line crosses above its momentum line (EMA). This is a signal of a potential start of an upward move.
Exit Signals (Sell): A red arrow (▼) appears above the candle when the Ultimate RSI crosses below its momentum line. This is a signal of potential weakening or trend reversal.
Moving Average Cloud (Trend Filter)
What it is: A cloud formed by the space between a short-term moving average (default 55) and a long-term one (default 233).
How to use for signal validation:
Uptrend: When the cloud is green (Short MA > Long MA), buy signals (▲) are strengthened. Sell signals can be seen as partial profit-taking.
Downtrend: When the cloud is red (Short MA < Long MA), sell signals (▼) are strengthened. Buy signals should be treated with extreme caution as they are against the main trend.
Candle Coloring (Quick Momentum Reading)
Lime Green: Strong bullish momentum (RSI > 50 and above its EMA).
Red: Strong bearish momentum (RSI < 50 and below its EMA).
Blue: Overbought level reached.
Yellow: Oversold level reached.
Volatility Ruler (Breakout Analysis)
What it is: The green (high) and red (low) lines mark the range of the last 'N' candles. The Vol: X.XX label on the right measures the current volatility against its historical average.
How to use:
Vol < 1.00: Contracting volatility ("Squeeze"). The market is "coiling the spring." Watch for an impending breakout of the range lines.
Vol > 1.00: Expanding volatility. Confirms the strength of a breakout that has already occurred. Very high values may indicate exhaustion.
Use the ruler to identify false breakouts: a candle closing outside the line but with a very low Vol value is more likely to be a false signal.
Acknowledgements
This indicator is the result of compiling and adapting open-source concepts and codes available in the TradingView community. Thanks to all the developers who share their knowledge.
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在脚本中搜索"breakout"
Linh's Anomaly Radar v2What this script does
It’s an event detector for price/volume anomalies that often precede or confirm moves.
It watches a bunch of patterns (Wyckoff tests, squeezes, failed breakouts, turnover bursts, etc.), applies robust z-scores, optional trend filters, cooldowns (to avoid spam), and then fires:
A shape/label on the bar,
A row in the mini panel (top-right),
A ready-made alertcondition you can hook into.
How to add & set up (TradingView)
Paste the script → Save → Add to chart on Daily first (works on any TF).
Open Settings → Inputs:
General
• Use Robust Z (MAD): more outlier-resistant; keep on.
• Z Lookback: 60 bars is ~3 months; bump to 120 for slower regimes.
• Cooldown: min bars to wait before the same signal can fire again (default 5).
• Use trend filter: if on, “bullish” signals only fire above SMA(tfLen), “bearish” below.
Thresholds: fine-tune sensitivity (defaults are sane).
To create alerts: Right-click chart → Add alert
Condition: Linh’s Anomaly Radar v2 → choose a specific signal or Composite (Σ).
Options: “Once per bar close” (recommended).
Customize message if you want ticker/timeframe in your phone push.
The mini panel (top-right)
Signal column: short code (see cheat sheet below).
Fired column: a dot “•” means that on the latest bar this signal fired.
Score (right column): total count of signals that fired this bar.
Σ≥N shows your composite threshold (how many must fire to trigger the “Composite” alert).
Shapes & codes (what’s what)
Code Name (category) What it’s looking for Why it matters
STL Stealth Volume z(volume)>5 & ** z(return)
EVR Effort vs Result squeeze z(vol)>3 & z(TR)<−0.5 Heavy effort, tiny spread → absorption
TGV Tight+Heavy (HL/ATR)<0.6 & z(vol)>3 Tight bar + heavy tape → pro activity
CLS Accumulation cluster ≥3 of last 5 bars: up, vol↑, close near high Classic accumulation footprint
GAP Open drive failure Big gap not filled (≥80%) & vol↑ One-sided open stalls → fade risk
BB↑ BB squeeze breakout Squeeze (z(BBWidth)<−1.3) → close > upperBB & vol↑ Regime shift with confirmation
ER↑ Effort→Result inversion Down day on vol then next bar > prior high Demand overwhelms supply
OBV OBV divergence OBV slope up & ** z(ret20)
WER Wide Effort, Opposite Result z(vol)>3, close+1 Selling into strength / distribution
NS No-Supply (Wyckoff) Down bar, HL<0.6·ATR, vol << avg Sellers absent into weakness
ND No-Demand (Wyckoff) Up bar, HL<0.6·ATR, vol << avg Buyers absent into strength
VAC Liquidity Vacuum z(vol)<−1.5 & ** z(ret)
UTD UTAD (failed breakout) Breaks swing-high, closes back below, vol↑ Stop-run, reversal risk
SPR Spring (failed breakdown) Breaks swing-low, closes back above, vol↑ Bear trap, reversal risk
PIV Pocket Pivot Up bar; vol > max down-vol in lookback Quiet base → sudden demand
NR7 Narrow Range 7 + Vol HL is 7-bar low & z(vol)>2 Coiled spring with participation
52W 52-wk breakout quality New 52-wk close high + squeeze + vol↑ High-quality breakouts
VvK Vol-of-Vol kink z(ATR20,200)>0.5 & z(ATR5,60)<0 Long-vol wakes up, short-vol compresses
TAC Turnover acceleration SMA3 vol / SMA20 vol > 1.8 & muted return Participation surging before move
RBd RSI Bullish div Price LL, RSI HL, vol z>1 Exhaustion of sellers
RS↑ RSI Bearish div Price HH, RSI LH, vol z>1 Exhaustion of buyers
Σ Composite Count of all fired signals ≥ threshold High-conviction bar
Placement:
Triangles up (below bar) → bullish-leaning events.
Triangles down (above bar) → bearish-leaning events.
Circles → neutral context (VAC, VvK, Composite).
Key inputs (quick reference)
General
Use Robust Z (MAD): keep on for noisy tickers.
Z Lookback (lenZ): 60 default; 120 if you want fewer alerts.
Trend filter: when on, bullish signals require close > SMA(tfLen), bearish require <.
Cooldown: prevents repeated firing of the same signal within N bars.
Phase-1 thresholds (core)
Stealth: vol z > 5, |ret z| < 1.
EVR: vol z > 3, TR z < −0.5.
Tight+Heavy: (HL/ATR) < 0.6, vol z > 3.
Cluster: window=5, min=3 strong bars.
GapFail: gap/ATR ≥1.5, fill <80%, vol z > 2.
BB Squeeze: z(BBWidth)<−1.3 then breakout with vol z > 2.
Eff→Res Up: prev bar heavy down → current bar > prior high.
OBV Div: OBV uptrend + |z(ret20)|<0.3.
Phase-2 thresholds (extras)
WER: vol z > 3, close1.
No-Supply/No-Demand: tight bar & very light volume vs SMA20.
Vacuum: vol z < −1.5, |ret z|>1.5.
UTAD/Spring: swing lookback N (default 20), vol z > 2.
Pocket Pivot: lookback for prior down-vol max (default 10).
NR7: 7-bar narrowest range + vol z > 2.
52W Quality: new 52-wk high + squeeze + vol z > 2.
VoV Kink: z(ATR20,200)>0.5 AND z(ATR5,60)<0.
Turnover Accel: SMA3/SMA20 > 1.8 and |ret z|<1.
RSI Divergences: compare to n bars back (default 14).
How to use it (playbooks)
A) Daily scan workflow
Run on Daily for your VN watchlist.
Turn Composite (Σ) alert on with Σ≥2 or ≥3 to reduce noise.
When a bar fires Σ (or a fav combo like STL + BB↑), drop to 60-min to time entries.
B) Breakout quality check
Look for 52W together with BB↑, TAC, and OBV.
If WER/ND appear near highs → downgrade the breakout.
C) Spring/UTAD reversals
If SPR fires near major support and RBd confirms → long bias with stop below spring low.
If UTD + WER/RS↑ near resistance → short/fade with stop above UTAD high.
D) Accumulation basing
During bases, you want CLS, OBV, TGV, STL, NR7.
A pocket pivot (PIV) can be your early add; manage risk below base lows.
Tuning tips
Too many signals? Raise stealthVolZ to 5.5–6, evrVolZ to 3.5, use Σ≥3.
Fast movers? Lower bbwZthr to −1.0 (less strict squeeze), keep trend filter on.
Illiquid tickers? Keep MAD z-scores on, increase lookbacks (e.g., lenZ=120).
Limitations & good habits
First lenZ bars on a new symbol are less reliable (incomplete z-window).
Some ideas (VWAP magnet, close auction spikes, ETF/foreign flows, options skew) need intraday/external feeds — not included here.
Pine can’t “screen” across the whole market; set alerts or cycle your watchlist.
Quick troubleshooting
Compilation errors: make sure you’re on Pine v6; don’t nest functions in if blocks; each var int must be declared on its own line.
No shapes firing: check trend filter (maybe price is below SMA and you’re waiting for bullish signals), and verify thresholds aren’t too strict.
Hurst Exponent Adaptive Filter (HEAF) [PhenLabs]📊 PhenLabs - Hurst Exponent Adaptive Filter (HEAF)
Version: PineScript™ v6
📌 Description
The Hurst Exponent Adaptive Filter (HEAF) is an advanced Pine Script indicator designed to dynamically adjust moving average calculations based on real time market regimes detected through the Hurst Exponent. The intention behind the creation of this indicator was not a buy/sell indicator but rather a tool to help sharpen traders ability to distinguish regimes in the market mathematically rather than guessing. By analyzing price persistence, it identifies whether the market is trending, mean-reverting, or exhibiting random walk behavior, automatically adapting the MA length to provide more responsive alerts in volatile conditions and smoother outputs in stable ones. This helps traders avoid false signals in choppy markets and capitalize on strong trends, making it ideal for adaptive trading strategies across various timeframes and assets.
Unlike traditional moving averages, HEAF incorporates fractal dimension analysis via the Hurst Exponent to create a self-tuning filter that evolves with market conditions. Traders benefit from visual cues like color coded regimes, adaptive bands for volatility channels, and an information panel that suggests appropriate strategies, enhancing decision making without constant manual adjustments by the user.
🚀 Points of Innovation
Dynamic MA length adjustment using Hurst Exponent for regime-aware filtering, reducing lag in trends and noise in ranges.
Integrated market regime classification (trending, mean-reverting, random) with visual and alert-based notifications.
Customizable color themes and adaptive bands that incorporate ATR for volatility-adjusted channels.
Built-in information panel providing real-time strategy recommendations based on detected regimes.
Power sensitivity parameter to fine-tune adaptation aggressiveness, allowing personalization for different trading styles.
Support for multiple MA types (EMA, SMA, WMA) within an adaptive framework.
🔧 Core Components
Hurst Exponent Calculation: Computes the fractal dimension of price series over a user-defined lookback to detect market persistence or anti-persistence.
Adaptive Length Mechanism: Maps Hurst values to MA lengths between minimum and maximum bounds, using a power function for sensitivity control.
Moving Average Engine: Applies the chosen MA type (EMA, SMA, or WMA) to the adaptive length for the core filter line.
Adaptive Bands: Creates upper and lower channels using ATR multiplied by a band factor, scaled to the current adaptive length.
Regime Detection: Classifies market state with thresholds (e.g., >0.55 for trending) and triggers alerts on regime changes.
Visualization System: Includes gradient fills, regime-colored MA lines, and an info panel for at-a-glance insights.
🔥 Key Features
Regime-Adaptive Filtering: Automatically shortens MA in mean-reverting markets for quick responses and lengthens it in trends for smoother signals, helping traders stay aligned with market dynamics.
Custom Alerts: Notifies on regime shifts and band breakouts, enabling timely strategy adjustments like switching to trend-following in bullish regimes.
Visual Enhancements: Color-coded MA lines, gradient band fills, and an optional info panel that displays market state and trading tips, improving chart readability.
Flexible Settings: Adjustable lookback, min/max lengths, sensitivity power, MA type, and themes to suit various assets and timeframes.
Band Breakout Signals: Highlights potential overbought/oversold conditions via ATR-based channels, useful for entry/exit timing.
🎨 Visualization
Main Adaptive MA Line: Plotted with regime-based colors (e.g., green for trending) to visually indicate market state and filter position relative to price.
Adaptive Bands: Upper and lower lines with gradient fills between them, showing volatility channels that widen in random regimes and tighten in trends.
Price vs. MA Fills: Color-coded areas between price and MA (e.g., bullish green above MA in trending modes) for quick trend strength assessment.
Information Panel: Top-right table displaying current regime (e.g., "Trending Market") and strategy suggestions like "Follow trends" or "Trade ranges."
📖 Usage Guidelines
Core Settings
Hurst Lookback Period
Default: 100
Range: 20-500
Description: Sets the period for Hurst Exponent calculation; longer values provide more stable regime detection but may lag, while shorter ones are more responsive to recent changes.
Minimum MA Length
Default: 10
Range: 5-50
Description: Defines the shortest possible adaptive MA length, ideal for fast responses in mean-reverting conditions.
Maximum MA Length
Default: 200
Range: 50-500
Description: Sets the longest adaptive MA length for smoothing in strong trends; adjust based on asset volatility.
Sensitivity Power
Default: 2.0
Range: 1.0-5.0
Description: Controls how aggressively the length adapts to Hurst changes; higher values make it more sensitive to regime shifts.
MA Type
Default: EMA
Options: EMA, SMA, WMA
Description: Chooses the moving average calculation method; EMA is more responsive, while SMA/WMA offer different weighting.
🖼️ Visual Settings
Show Adaptive Bands
Default: True
Description: Toggles visibility of upper/lower bands for volatility channels.
Band Multiplier
Default: 1.5
Range: 0.5-3.0
Description: Scales band width using ATR; higher values create wider channels for conservative signals.
Show Information Panel
Default: True
Description: Displays regime info and strategy tips in a top-right panel.
MA Line Width
Default: 2
Range: 1-5
Description: Adjusts thickness of the main MA line for better visibility.
Color Theme
Default: Blue
Options: Blue, Classic, Dark Purple, Vibrant
Description: Selects color scheme for MA, bands, and fills to match user preferences.
🚨 Alert Settings
Enable Alerts
Default: True
Description: Activates notifications for regime changes and band breakouts.
✅ Best Use Cases
Trend-Following Strategies: In detected trending regimes, use the adaptive MA as a trailing stop or entry filter for momentum trades.
Range Trading: During mean-reverting periods, monitor band breakouts for buying dips or selling rallies within channels.
Risk Management in Random Markets: Reduce exposure when random walk is detected, using tight stops suggested in the info panel.
Multi-Timeframe Analysis: Apply on higher timeframes for regime confirmation, then drill down to lower ones for entries.
Volatility-Based Entries: Use upper/lower band crossovers as signals in adaptive channels for overbought/oversold trades.
⚠️ Limitations
Lagging in Transitions: Regime detection may delay during rapid market shifts, requiring confirmation from other tools.
Not a Standalone System: Best used in conjunction with other indicators; random regimes can lead to whipsaws if traded aggressively.
Parameter Sensitivity: Optimal settings vary by asset and timeframe, necessitating backtesting.
💡 What Makes This Unique
Hurst-Driven Adaptation: Unlike static MAs, it uses fractal analysis to self-tune, providing regime-specific filtering that's rare in standard indicators.
Integrated Strategy Guidance: The info panel offers actionable tips tied to regimes, bridging analysis and execution.
Multi-Regime Visualization: Combines adaptive bands, colored fills, and alerts in one tool for comprehensive market state awareness.
🔬 How It Works
Hurst Exponent Computation:
Calculates log returns over the lookback period to derive the rescaled range (R/S) ratio.
Normalizes to a 0-1 value, where >0.55 indicates trending, <0.45 mean-reverting, and in-between random.
Length Adaptation:
Maps normalized Hurst to an MA length via a power function, clamping between min and max.
Applies the selected MA type to close prices using this dynamic length.
Visualization and Signals:
Plots the MA with regime colors, adds ATR-based bands, and fills areas for trend strength.
Triggers alerts on regime changes or band crosses, with the info panel suggesting strategies like momentum riding in trends.
💡 Note:
For optimal results, backtest settings on your preferred assets and combine with volume or momentum indicators. Remember, no indicator guarantees profits—use with proper risk management. Access premium features and support at PhenLabs.
Candle Channel█ OVERVIEW
The "Candle Channel" indicator is a versatile technical analysis tool that plots a price channel based on the Simple Moving Average (SMA) of candlestick midpoints. The channel bands, calculated based on candlestick volatility, form dynamic support and resistance levels that adapt to price movements. The script generates signals for reversals from the bands and SMA breakouts, making it useful for both short-term and long-term traders. By adjusting the SMA length, the channel can vary in nature—from a wide channel encapsulating price movement to narrower support/resistance or trend-following bands. The channel width can be further customized using a scaling parameter, allowing adaptation to different trading styles and markets.
█ MECHANISM
Band Calculation
The indicator is based on the following calculations:
Candlestick Midpoint: Calculated as the arithmetic average of the candle’s high and low prices: (high + low) / 2.
Simple Moving Average (SMA): The average of candlestick midpoints over a specified length (default: 20 candles), forming the channel’s centerline.
Average Candle Height: Calculated as the average difference between the high and low prices (high - low) over the same SMA length, serving as a measure of market volatility.
Band Scaling: The user specifies a percentage of the average candle height (default: 200%), which is multiplied by the average height to create an offset. The upper band is SMA + offset, and the lower band is SMA - offset.Example: For an average candle height of 10 points and 200% scaling, the offset is 20 points, meaning the bands are ±20 points from the SMA.
Channel Characteristics: The SMA length determines the channel’s dynamics. Shorter SMA values (10–30) create a wide channel that contains price movement, ideal for scalping or short-term trading. Longer SMA values (above 30, e.g., 50–100) transform the channel into narrower support/resistance or trend-following bands, suitable for longer-term analysis. Band scaling further adjusts the channel width to match market volatility.
Signals
Reversal from Bands: Signals are generated when the price closes outside the band (above the upper or below the lower) and then returns to the channel, indicating a potential trend reversal.
SMA Breakout: Signals are generated when the price crosses the SMA upward (bullish signal) or downward (bearish signal), suggesting potential trend changes.
Visualization
Centerline: The SMA of candlestick midpoints, displayed as a thin line.
Channel Bands: Upper and lower channel boundaries, with customizable colors.
Fill: Options include a gradient (smooth color transition between bands) or solid color. The fill can also be disabled for greater clarity.
█ FEATURES AND SETTINGS
SMA Length: Determines the moving average period (default: 20). Values of 10–30 are suitable for a wide channel containing price movement, ideal for short-term timeframes. Longer values (e.g., 50–100) create narrower support/resistance or trend-following bands, better suited for higher timeframes.
Band Scaling: Percentage of the average candle height (default: 200%). Adjusts the channel width to match market volatility—smaller values (e.g., 50–100%) for narrower bands, larger values (e.g., 200–300%) for wider channels.
Fill Type: Gradient, solid, or no fill, allowing customization to user preferences.
Colors: Options to change the colors of bands, fill, and signals for better readability.
Signals: Options to enable/disable reversal signals from bands and SMA breakout signals.
█ HOW TO USE
Add the script to your chart in TradingView by clicking "Add to Chart" in the Pine Editor.
Adjust input parameters in the script settings:
SMA Length: Set to 10–30 for a wide channel containing price movement, suitable for scalping or short-term trading. Set above 30 (e.g., 50–100) for narrower support/resistance or trend-following bands.
Band Scaling: Adjust the channel width to market volatility. Smaller values (50–100%) for tighter support/resistance bands, larger values (200–300%) for wider channels containing price movement.
Fill Type and Colors: Choose a gradient for aesthetics or a solid fill for clarity.
Analyze signals:
Reversal Signals: Triangles above (bearish) or below (bullish) candles indicate potential reversal points.
SMA Breakout Signals: Circles above (bearish) or below (bullish) candles indicate trend changes.
Test the indicator on different instruments and timeframes to find optimal settings for your trading style.
█ LIMITATIONS
The indicator may generate false signals in highly volatile or consolidating markets.
On low-liquidity charts (e.g., exotic currency pairs), the bands may be less reliable.
Effectiveness depends on properly matching parameters to the market and timeframe.
Multi Pivot Point & Central Pivot Range - Nadeem Al-QahwiThis indicator combines four advanced trading modules into one flexible and easy-to-use script:
Traditional Pivot Points:
Calculates classic support and resistance levels (PP, R1–R5, S1–S5) based on previous session data. Ideal for identifying key turning points and mapping out the daily, weekly, or monthly structure.
Camarilla Levels:
Provides six upper and lower pivot levels (H1–H6, L1–L6) derived from volatility and closing price formulas. Especially effective for intraday reversal, mean reversion, and finding overbought/oversold extremes.
Central Pivot Range (CPR):
Plots the median, top, and bottom of the value area each session. CPR width instantly highlights whether the market is likely to trend (narrow CPR) or remain range-bound (wide CPR).
Developing CPR projects the evolving range for the current period—essential for real-time analysis and pre-market planning.
Dynamic Zone Levels (DZL):
Automatically detects and highlights clusters of pivots to reveal high-probability support/resistance zones, filtering out market “noise.”
DZL alerts notify you whenever price breaks or retests these key areas, making it easier to spot momentum trades and avoid false signals.
Key Features:
Multi-timeframe flexibility: Use with daily, weekly, monthly, yearly, or custom timeframes—even rare ones like biyearly and decennial.
Modular design: Activate or hide any system (Traditional, Camarilla, CPR, DZL) as you need.
Bilingual interface: Every setting and label is shown in both English and Arabic.
Full customization: Control visibility, color, style, and placement for every level and label.
Historical depth: Plot up to 5,000 pivot/zones back for deep analysis and backtesting.
Smart alerts: Get instant notifications on true S/R breakouts or retests (from DZL).
How to Use:
Trend Trading:
Watch for a very narrow CPR to identify potential trending days—trade in the breakout direction above/below the CPR.
Range Trading:
When CPR is wide, expect sideways movement. Fade reversals at R1/S1 or within the CPR boundaries.
Breakouts:
Use DZL alerts to capture momentum as price breaks or retests dynamic support/resistance zones.
Multi-Timeframe Confluence:
Combine CPR and pivot levels from multiple timeframes for higher-probability entries and exits.
All calculations and logic are fully open.
Expansion Triangle [TradingFinder] MegaPhone Broadening🔵 Introduction
The Expanding Triangle, also known as the Broadening Formation, is one of the key technical analysis patterns that clearly reflects growing market volatility, increasing indecision among participants, and the potential for sharp price explosions.
This pattern is typically defined by a sequence of higher highs and lower lows, forming within two diverging trendlines. Unlike traditional triangles that converge to a breakout point, the expanding triangle pattern becomes wider over time, leaving no precise apex for a breakout to occur.
From a price action perspective, the pattern represents a prolonged tug-of-war between buyers and sellers, where neither side has taken control yet. Each aggressive swing opens the door to new opportunities whether it's a trend reversal, range trading, or a momentum breakout. This dual nature makes the pattern highly versatile across market conditions, from exhausted trend ends to volatile consolidation zones.
The custom-built indicator for this pattern uses a combination of smart algorithms and detailed analysis of swing dynamics to automatically detect expanding triangles and highlight low-risk entry points.
Traders can use this tool to capitalize on high-probability setups from shorting near the upper edge of the structure with confirmation, to trading bearish breakouts during trend continuations, or entering long positions near the lower boundary during bullish reversals. The chart examples included in this article demonstrate these three highly practical trading scenarios in live market conditions.
A major advantage of this indicator lies in its structural filtering engine, which analyzes the behavior of each price leg in the triangle. With four adjustable filter levels from Very Aggressive, which highlights all potential patterns, to Very Defensive, which only triggers when price actually touches the triangle's trendlines the indicator ensures that only structurally sound and verified setups appear on the chart, reducing noise and false signals significantly.
Long Setup :
Short Setup :
🔵 How to Use
The pattern typically forms in conditions of heightened uncertainty and volatility, where price swings generate a series of higher highs and lower lows. The expanding triangle consists of three key legs bounded by diverging trendlines. The indicator intelligently analyzes each leg's direction and angle to determine whether a valid pattern is forming.
At the core of the indicator’s logic is its leg filtering system, which controls the quality of the pattern and filters out weak or noisy setups. Four structural filter modes are available to suit different trading styles and risk preferences. In Very Aggressive mode, filters are disabled, and the indicator detects any pattern purely based on the sequence of swing points.
This mode is ideal for traders who want to see everything and apply their own discretion.
In Aggressive mode, the indicator checks whether each new leg extends no more than twice the length of the previous one. If a leg overshoots excessively, the structure is invalidated.
In Defensive mode, the filter enforces a minimum movement requirement each leg must move at least 2% of the previous one. This prevents the formation of shallow, weak patterns that visually resemble triangles but lack substance.
The strictest setting, Very Defensive, combines all previous filters and additionally requires the price to physically touch the triangle’s trendlines before issuing a signal. This ensures that setups only appear when real market interaction with key structural levels has occurred, not based on assumptions or geometry alone. This mode is ideal for traders seeking maximum precision and minimal risk.
🟣 Bullish Setup
A bullish setup within the Expanding Triangle pattern occurs when price revisits the lower support boundary after a series of broad swings typically near the third leg of the formation. This area often represents a shift in momentum, where sellers begin to lose strength and buyers prepare to take control.
Ideally, the setup is accompanied by a bullish reversal candle (e.g. doji, pin bar, or engulfing) near the lower trendline. If the Very Defensive filter is active, the indicator will only issue a signal if price makes a confirmed touch on the trendline and reacts from that level. This significantly improves signal accuracy and filters out premature entries.
After confirmation, traders may choose to enter a long position on the bullish candle or shortly afterward. A logical stop-loss is placed just below the recent swing low within the pattern. The target can be set at or near the upper trendline, or projected using the full height of the triangle added to the breakout point. On higher timeframes, this reversal often marks the beginning of a strong uptrend.
🟣 Bearish Setup
A bearish setup forms when price climbs toward the upper resistance trendline, usually as the third leg completes. This is where buyers often begin to show exhaustion, and sellers step in with strength providing an ideal low-risk entry point for short positions.
As with the bullish setup, if the Candle Confirmation filter is enabled, the indicator will only show a signal when a bearish reversal candle forms at the point of contact. If Defensive or Very Defensive filters are also active, the setup must meet strict criteria of proportionate leg movement and an actual trendline touch to qualify.
Once confirmed, traders can enter on the reversal candle, placing a stop-loss slightly above the recent high. The target can be set at the lower trendline or calculated based on the triangle's full height, projected downward. This setup is particularly useful at the end of weak bullish trends or in volatile market tops.
🔵 Settings
🟣 Logic Settings
Pivot Period : Defines how many bars are analyzed to identify swing highs and lows. Higher values detect larger, slower structures, while lower values respond to faster patterns. The default value of 13 offers a balanced sensitivity.
Pattern Filter :
Very Aggressive : Detects all patterns based on point sequence with no structural checks.
Aggressive : Ensures each leg is no more than 2x the size of the previous one.
Defensive : Requires each leg to be at least 2% the size of the previous leg.
Very Defensive : The strictest level; only confirms patterns when price touches trendlines.
Candle Confirmation : When enabled, the indicator requires a valid confirmation candle (doji, pin bar, engulfing) at the interaction point with the trendline before issuing a signal. This reduces false entries and improves entry precision.
🟣 Alert Settings
Alert : Enables alerts for SSS.
Message Frequency : Determines the frequency of alerts. Options include 'All' (every function call), 'Once Per Bar' (first call within the bar), and 'Once Per Bar Close' (final script execution of the real-time bar). Default is 'Once per Bar'.
Show Alert Time by Time Zone : Configures the time zone for alert messages. Default is 'UTC'.
🔵 Conclusion
The Expanding Triangle pattern, with its wide structure and volatility-driven nature, represents chaos but also opportunity. For traders who can read its behavior, it provides some of the most powerful setups for reversals, breakouts, and range-based trades. While the pattern may seem messy at first glance, it is built on clear logic and when properly detected, it offers high-probability opportunities.
This indicator doesn’t just draw expanding triangles it intelligently evaluates their structural quality, validates price interaction through candle confirmation, and allows the trader to fine-tune the detection logic through adjustable filter levels. Whether you’re a reversal trader looking for a turning point, or a breakout trader hunting momentum, this tool adapts to your strategy.
In volatile or uncertain markets, where fakeouts and sudden shifts are common, this indicator can become a cornerstone of your trading system helping you turn volatility into structured, high-quality opportunities.
Volume Overbought/Oversold Zones📊 What You’ll See on the Chart
Red Background or Red Triangle ABOVE a Candle
🔺 Means: Overbought Volume
→ Volume on that bar is much higher than average (as defined by your settings).
→ Suggests strong activity, possible exhaustion in the trend or an emotional spike.
→ It’s a warning: consider watching for signs of reversal, especially if price is already stretched.
Green Background or Green Triangle BELOW a Candle
🔻 Means: Oversold Volume
→ Volume on that bar is much lower than normal.
→ Suggests the market may be losing momentum, or few sellers are left.
→ Could signal an upcoming reversal or recovery if confirmed by price action.
Orange Line Below the Candles (Volume Moving Average)
📈 Shows the "normal" average volume over the last X candles (default is 20).
→ Helps you visually compare each bar’s volume to the average.
Gray Columns (Actual Volume Bars)
📊 These are your regular volume bars — they rise and fall based on how active each candle is.
🔍 What This Indicator Does (In Simple Words)
This indicator looks at trading volume—which is how many shares/contracts were traded in a given period—and compares it to what's considered "normal" for recent history. When volume is unusually high or low, it highlights those moments on the chart.
It tells you:
• When volume is much higher than normal → market might be overheated or experiencing a buying/selling frenzy.
• When volume is much lower than normal → market might be quiet, potentially indicating lack of interest or indecision.
These conditions are marked visually, so you can instantly spot them.
💡 How It Helps You As a Trader
1. Spotting Exhaustion in Trends (Overbought Signals)
If a market is going up and suddenly volume spikes way above normal, it may mean:
• The move is getting crowded (lots of buyers are already in).
• A reversal or pullback could be near because smart money may be taking profits.
Trading idea: Wait for high-volume up bars, then look for price weakness to consider a short or exit.
2. Identifying Hidden Opportunities (Oversold Signals)
If price is falling but volume drops unusually low, it might mean:
• Panic is fading.
• Sellers are losing energy.
• A bounce or trend reversal could happen soon.
Trading idea: After a volume drop in a downtrend, watch for bullish price patterns or momentum shifts to consider a buy.
3. Confirming or Doubting Breakouts
Volume is critical for confirming breakouts:
• If price breaks a key level with strong volume, it's more likely to continue.
• A breakout without volume could be a fake-out.
This indicator highlights volume surges that can help you confirm such moves.
📈 How to Use It in Practice
• Combine it with candlestick patterns, support/resistance, or momentum indicators.
• Use the background colors or shapes as a visual cue to pause and analyze.
• Adjust the sensitivity to suit fast-moving markets (like crypto) or slow ones (like large-cap stocks).
Initial balance - weeklyWeekly Initial Balance (IB) — Indicator Description
The Weekly Initial Balance (IB) is the price range (High–Low) established during the week’s first trading session (most commonly Monday). You can measure it over the entire day or just the first X hours (e.g. 60 or 120 minutes). Once that session ends, the IB High and IB Low define the key levels where the initial weekly range formed.
Why Measure the Weekly IB?
Week-Opening Sentiment:
Monday’s range often sets the tone for the rest of the week. Trading above the IB High signals bullish control; trading below the IB Low signals bearish control.
Key Liquidity Zones:
Large institutions tend to place orders around these extremes, so you’ll frequently see tests, breakouts, or rejections at these levels.
Support & Resistance:
The IB High and IB Low become natural barriers. Price will often return to them, bounce off them, or break through them—ideal spots for entries and exits.
Volatility Forecast:
The width of the IB (High minus Low) indicates whether to expect a volatile week (wide IB) or a quieter one (narrow IB).
Significance of IB Levels
Breakout:
A clear break above the IB High (for longs) or below the IB Low (for shorts) can ignite a strong trending move.
Fade:
A rejection off the IB High/Low during low momentum (e.g. low volume or pin-bar formations) offers a high-probability reversal trade.
Mid-Point:
The 50% level of the IB range often “magnetizes” price back to it, providing entry points for continuation or reversal strategies.
Three Core Monday IB Strategies
A. Breakout (Open-Range Breakout)
Entry: Wait for 1–2 candles (e.g. 5-minute) to close above IB High (long) or below IB Low (short).
Stop-Loss: A few pips below IB High (long) or above IB Low (short).
Profit-Target: 2–3× your risk (Reward:Risk ≥ 2:1).
Best When: You spot a clear impulse—such as a strong pre-open volume spike or news-driven move.
B. Fade (Reversal at Extremes)
Entry: When price tests IB High but shows weakening momentum (shrinking volume, upper-wick candles), enter short; vice versa for IB Low and longs.
Stop-Loss: Just beyond the IB extreme you’re fading.
Profit-Target: Back toward the IB mid-point (50% level) or all the way to the opposite IB extreme.
Best When: Monday’s action is range-bound and lacks a clear directional trend.
C. Mid-Point Trading
Entry: When price returns to the 50% level of the IB range.
In an up-trend: buy if it bounces off mid-point back toward IB High.
In a down-trend: sell if it reverses off mid-point back toward IB Low.
Stop-Loss: Just below the nearest swing-low (for longs) or above the nearest swing-high (for shorts).
Profit-Target: To the corresponding IB extreme (High or Low).
Best When: You see a strong initial move away from the IB, followed by a pullback to the mid-point.
Usage Steps
Configure your session: Measure IB over your chosen Monday timeframe (whole day or first X hours).
Choose your strategy: Align Breakout, Fade, or Mid-Point entries with the current market context (trend vs. range).
Manage risk: Keep risk per trade ≤ 1% of account and maintain at least a 2:1 Reward:Risk ratio.
Backtest & forward-test: Verify performance over multiple Mondays and in a paper-trading environment before going live.
Shooting Star ORB🧠 Indicator Name: "First Candle Shooting Star + ORB"
📌 Purpose
This indicator detects when the first candle of the day forms a Shooting Star pattern and then monitors for a breakout beyond its range. It visually marks the pattern and the breakout with boxes and provides real-time alerts and a status table.
🔍 What It Does Step-by-Step
1. 📅 Detects the Start of a New Trading Day
Uses ta.change(time("D")) to identify a new trading day.
When a new day starts, it checks if the very first candle of the session is a Shooting Star.
2. 🕯️ Identifies a Shooting Star Pattern
A candle is labeled a Shooting Star if:
It has a small body compared to the full candle range.
It has a long upper shadow at least 2× the body.
It has a short or tiny lower shadow.
All these criteria are adjustable through inputs.
3. 📦 Draws a Box for the First Candle Range
If a Shooting Star is found in the first candle of the day:
It draws a red shaded box covering the high and low of that candle.
The box visually marks the potential Opening Range.
4. 💥 Detects Breakout from Shooting Star Candle
After the first candle:
If price moves above or below the range by a specified % (like 1%), it flags a breakout.
A blue shaded box is drawn at the breakout candle for visual confirmation.
5. 🔔 Alerts
🔴 Shooting Star Detected: Alerts when the first candle is a shooting star.
🔵 Breakout Detected: Alerts when the price breaks out of the first candle’s range.
6. 📊 Displays Real-Time Info Table
A small table is shown on the chart:
🕯️ Pattern: “Shooting Star” or blank
💥 Breakout: “Yes” or “No”
⏱️ The timeframe being analyzed (e.g., “5” for 5-minute)
Regression Channel (Interactive)Weighted Interactive Regression Channel (WIRC)
Overview
The Weighted Interactive Regression Channel improves on traditional regression channels by emphasizing key price points through intelligent weighting. Instead of treating all candles equally, WIRC adapts to market dynamics for better trend detection and channel accuracy.
Key Differences from Standard Channels
Weighted vs. Equal: Prioritizes significant events over uniform weighting
Dynamic vs. Static: Adapts in real time to market changes
Accurate vs. Basic: Reduces noise, enhances signal clarity
Customizable vs. Fixed: Full control over weights and visuals
Weighting Methods
Direction Change – Highlights reversal points via local peaks/troughs
Volume-Based – Emphasizes high-volume candles, ideal for breakouts
Price Range – Weights wide-range candles to capture volatility
Time Decay – Prioritizes recent data for current market relevance
Interactive Features
Data Range: Set channel start/end over 1–500 bars
Visuals: Line styles, color coding, fill options, reference lines
Stats: Slope, R², standard deviation, point count, weight method
Technical Implementation
Weighted Regression Formula: Uses weights for slope, intercept, and deviation
Channel Lines: Center = weighted regression; bounds = ± deviation × multiplier
Usage Scenarios
Trend Analysis: Use Direction Change + longer range
Breakouts: Use Volume weighting + fill + boundary watching
Volatility: Apply Price Range weighting + monitor standard deviation
Current Market: Use Time Decay + shorter ranges + stat display
Parameter Tips
Channel Width:
Narrow (1.0–1.5): Responsive
Standard (1.5–2.0): Balanced
Wide (2.0–3.0+): Conservative
Weighting Intensity:
Conservative (1.5–2.0)
Moderate (2.0–3.0)
Aggressive (3.0+)
Advanced Use
Multi-Timeframe: Use different weightings per timeframe
Market Structure: Detect swings, institutional zones
Risk Management: Dynamic S/R levels, volatility-driven sizing
Best Practices
Start with Direction Change
Test different ranges
Monitor stats
Combine with other indicators
Adjust to market context
Recalibrate regularly
Conclusion
WIRC delivers a smarter, more adaptive view of price action than standard regression tools. With real-time customization and multiple weighting options, it’s ideal for traders seeking precision across strategies—trend tracking, breakout confirmation, or volatility insight.
Enhanced Volume Trend Indicator with BB SqueezeEnhanced Volume Trend Indicator with BB Squeeze: Comprehensive Explanation
The visualization system allows traders to quickly scan multiple securities to identify high-probability setups without detailed analysis of each chart. The progression from squeeze to breakout, supported by volume trend confirmation, offers a systematic approach to identifying trading opportunities.
The script combines multiple technical analysis approaches into a comprehensive dashboard that helps traders make informed decisions by identifying high-probability setups while filtering out noise through its sophisticated confirmation requirements. It combines multiple technical analysis approaches into an integrated visual system that helps traders identify potential trading opportunities while filtering out false signals.
Core Features
1. Volume Analysis Dashboard
The indicator displays various volume-related metrics in customizable tables:
AVOL (After Hours + Pre-Market Volume): Shows extended hours volume as a percentage of the 21-day average volume with color coding for buying/selling pressure. Green indicates buying pressure and red indicates selling pressure.
Volume Metrics: Includes regular volume (VOL), dollar volume ($VOL), relative volume compared to 21-day average (RVOL), and relative volume compared to 90-day average (RVOL90D).
Pre-Market Data: Optional display of pre-market volume (PVOL), pre-market dollar volume (P$VOL), pre-market relative volume (PRVOL), and pre-market price change percentage (PCHG%).
2. Enhanced Volume Trend (VTR) Analysis
The Volume Trend indicator uses adaptive analysis to evaluate buying and selling pressure, combining multiple factors:
MACD (Moving Average Convergence Divergence) components
Volume-to-SMA (Simple Moving Average) ratio
Price direction and market conditions
Volume change rates and momentum
EMA (Exponential Moving Average) alignment and crossovers
Volatility filtering
VTR Visual Indicators
The VTR score ranges from 0-100, with values above 50 indicating bullish conditions and below 50 indicating bearish conditions. This is visually represented by colored circles:
"●" (Filled Circle):
Green: Strong bullish trend (VTR ≥ 80)
Red: Strong bearish trend (VTR ≤ 20)
"◯" (Hollow Circle):
Green: Moderate bullish trend (VTR 65-79)
Red: Moderate bearish trend (VTR 21-35)
"·" (Small Dot):
Green: Weak bullish trend (VTR 55-64)
Red: Weak bearish trend (VTR 36-45)
"○" (Medium Hollow Circle): Neutral conditions (VTR 46-54), shown in gray
In "Both" display mode, the VTR shows both the numerical score (0-100) alongside the appropriate circle symbol.
Enhanced VTR Settings
The Enhanced Volume Trend component offers several advanced customization options:
Adaptive Volume Analysis (volTrendAdaptive):
When enabled, dynamically adjusts volume thresholds based on recent market volatility
Higher volatility periods require proportionally higher volume to generate significant signals
Helps prevent false signals during highly volatile markets
Keep enabled for most trading conditions, especially in volatile markets
Speed of Change Weight (volTrendSpeedWeight, range 0-1):
Controls emphasis on volume acceleration/deceleration rather than absolute levels
Higher values (0.7-1.0): More responsive to new volume trends, better for momentum trading
Lower values (0.2-0.5): Less responsive, better for trend following
Helps identify early volume trends before they fully develop
Momentum Period (volTrendMomentumPeriod, range 2-10):
Defines lookback period for volume change rate calculations
Lower values (2-3): More responsive to recent changes, better for short timeframes
Higher values (7-10): Smoother, better for daily/weekly charts
Directly affects how quickly the indicator responds to new volume patterns
Volatility Filter (volTrendVolatilityFilter):
Adjusts significance of volume by factoring in current price volatility
High volume during high volatility receives less weight
High volume during low volatility receives more weight
Helps distinguish between genuine volume-driven moves and volatility-driven moves
EMA Alignment Weight (volTrendEmaWeight, range 0-1):
Controls importance of EMA alignments in final VTR calculation
Analyzes multiple EMA relationships (5, 10, 21 period)
Higher values (0.7-1.0): Greater emphasis on trend structure
Lower values (0.2-0.5): More focus on pure volume patterns
Display Mode (volTrendDisplayMode):
"Value": Shows only numerical score (0-100)
"Strength": Shows only symbolic representation
"Both": Shows numerical score and symbol together
3. Bollinger Band Squeeze Detection (SQZ)
The BB Squeeze indicator identifies periods of low volatility when Bollinger Bands contract inside Keltner Channels, often preceding significant price movements.
SQZ Visual Indicators
"●" (Filled Circle): Strong squeeze - high probability setup for an impending breakout
Green: Strong squeeze with bullish bias (likely upward breakout)
Red: Strong squeeze with bearish bias (likely downward breakout)
Orange: Strong squeeze with unclear direction
"◯" (Hollow Circle): Moderate squeeze - medium probability setup
Green: With bullish EMA alignment
Red: With bearish EMA alignment
Orange: Without clear directional bias
"-" (Dash): Gray dash indicates no squeeze condition (normal volatility)
The script identifies squeeze conditions through multiple methods:
Bollinger Bands contracting inside Keltner Channels
BB width falling to bottom 20% of recent range (BB width percentile)
Very narrow Keltner Channel (less than 5% of basis price)
Tracking squeeze duration in consecutive bars
Different squeeze strengths are detected:
Strong Squeeze: BB inside KC with tight BB width and narrow KC
Moderate Squeeze: BB inside KC with either tight BB width or narrow KC
No Squeeze: Normal market conditions
4. Breakout Detection System
The script includes two breakout indicators working in sequence:
4.1 Pre-Breakout (PBK) Indicator
Detects potential upcoming breakouts by analyzing multiple factors:
Squeeze conditions lasting 2-3 bars or more
Significant price ranges
Strong volume confirmation
EMA/MACD crossovers
Consistent price direction
PBK Visual Indicators
"●" (Filled Circle): Detected pre-breakout condition
Green: Likely upward breakout (bullish)
Red: Likely downward breakout (bearish)
Orange: Direction not yet clear, but breakout likely
"-" (Dash): Gray dash indicates no pre-breakout condition
The PBK uses sophisticated conditions to reduce false signals including minimum squeeze length, significant price movement, and technical confirmations.
4.2 Breakout (BK) Indicator
Confirms actual breakouts in progress by identifying:
End of squeeze or strong expansion of Bollinger Bands
Volume expansion
Price moving outside Bollinger Bands
EMA crossovers with volume confirmation
MACD crossovers with significant price range
BK Visual Indicators
"●" (Filled Circle): Confirmed breakout in progress
Green: Upward breakout (bullish)
Red: Downward breakout (bearish)
Orange: Unusual breakout pattern without clear direction
"◆" (Diamond): Special breakout conditions (meets some but not all criteria)
"-" (Dash): Gray dash indicates no breakout detected
The BK indicator uses advanced filters for confirmation:
Requires consecutive breakout signals to reduce false positives
Strong volume confirmation requirements (40% above average)
Significant price movement thresholds
Consistency checks between price action and indicators
5. Market Metrics and Analysis
Price Change Percentage (CHG%)
Displays the current percentage change relative to the previous day's close, color-coded green for positive changes and red for negative changes.
Average Daily Range (ADR%)
Calculates the average daily percentage range over a specified period (default 20 days), helping traders gauge volatility and set appropriate price targets.
Average True Range (ATR)
Shows the Average True Range value, a volatility indicator developed by J. Welles Wilder that measures market volatility by decomposing the entire range of an asset price for that period.
Relative Strength Index (RSI)
Displays the standard 14-period RSI, a momentum oscillator that measures the speed and change of price movements on a scale from 0 to 100.
6. External Market Indicators
QQQ Change
Shows the percentage change in the Invesco QQQ Trust (tracking the Nasdaq-100 Index), useful for understanding broader tech market trends.
UVIX Change
Displays the percentage change in UVIX, a volatility index, providing insight into market fear and potential hedging activity.
BTC-USD
Shows the current Bitcoin price from Coinbase, useful for traders monitoring crypto correlation with equities.
Market Breadth (BRD)
Calculates the percentage difference between ATHI.US and ATLO.US (high vs. low securities), indicating overall market direction and strength.
7. Session Analysis and Volume Direction
Session Detection
The script accurately identifies different market sessions:
Pre-market: 4:00 AM to 9:30 AM
Regular market: 9:30 AM to 4:00 PM
After-hours: 4:00 PM to 8:00 PM
Closed: Outside trading hours
This detection works on any timeframe through careful calculation of current time in seconds.
Buy/Sell Volume Direction
The script analyzes buying and selling pressure by:
Counting up volume when close > open
Counting down volume when close < open
Tracking accumulated volume within the day
Calculating intraday pressure (up volume minus down volume)
Enhanced AVOL Calculation
The improved AVOL calculation works in all timeframes by:
Estimating typical pre-market and after-hours volume percentages
Combining yesterday's after-hours with today's pre-market volume
Calculating this as a percentage of the 21-day average volume
Determining buying/selling pressure by analyzing after-hours and pre-market price changes
Color-coding results: green for buying pressure, red for selling pressure
This calculation is particularly valuable because it works consistently across any timeframe.
Customization Options
Display Settings
The dashboard has two customizable tables: Volume Table and Metrics Table, with positions selectable as bottom_left or bottom_right.
All metrics can be individually toggled on/off:
Pre-market data (PVOL, P$VOL, PRVOL, PCHG%)
Volume data (AVOL, RVOL Day, RVOL 90D, Volume, SEED_YASHALGO_NSE_BREADTH:VOLUME )
Price metrics (ADR%, ATR, RSI, Price Change%)
Market indicators (QQQ, UVIX, Breadth, BTC-USD)
Analysis indicators (Volume Trend, BB Squeeze, Pre-Breakout, Breakout)
These toggle options allow traders to customize the dashboard to show only the metrics they find most valuable for their trading style.
Table and Text Customization
The dashboard's appearance can be customized:
Table background color via tableBgColor
Text color (White or Black) via textColorOption
The indicator uses smart formatting for volume and price values, automatically adding appropriate suffixes (K, M, B) for readability.
MACD Configuration for VTR
The Volume Trend calculation incorporates MACD with customizable parameters:
Fast Length: Controls the period for the fast EMA (default 3)
Slow Length: Controls the period for the slow EMA (default 9)
Signal Length: Controls the period for the signal line EMA (default 5)
MACD Weight: Controls how much influence MACD has on the volume trend score (default 0.3)
These settings allow traders to fine-tune how momentum is factored into the volume trend analysis.
Bollinger Bands and Keltner Channel Settings
The Bollinger Bands and Keltner Channels used for squeeze detection have preset (hidden) parameters:
BB Length: 20 periods
BB Multiplier: 2.0 standard deviations
Keltner Length: 20 periods
Keltner Multiplier: 1.5 ATR
These settings follow standard practice for squeeze detection while maintaining simplicity in the user interface.
Practical Trading Applications
Complete Trading Strategies
1. Squeeze Breakout Strategy
This strategy combines multiple components of the indicator:
Wait for a strong squeeze (SQZ showing ●)
Look for pre-breakout confirmation (PBK showing ● in green or red)
Enter when breakout is confirmed (BK showing ● in same direction)
Use VTR to confirm volume supports the move (VTR ≥ 65 for bullish or ≤ 35 for bearish)
Set profit targets based on ADR (Average Daily Range)
Exit when VTR begins to weaken or changes direction
2. Volume Divergence Strategy
This strategy focuses on the volume trend relative to price:
Identify when price makes a new high but VTR fails to confirm (divergence)
Look for VTR to show weakening trend (● changing to ◯ or ·)
Prepare for potential reversal when SQZ begins to form
Enter counter-trend position when PBK confirms reversal direction
Use external indicators (QQQ, BTC, Breadth) to confirm broader market support
3. Pre-Market Edge Strategy
This strategy leverages pre-market data:
Monitor AVOL for unusual pre-market activity (significantly above 100%)
Check pre-market price change direction (PCHG%)
Enter position at market open if VTR confirms direction
Use SQZ to determine if volatility is likely to expand
Exit based on RVOL declining or price reaching +/- ADR for the day
Market Context Integration
The indicator provides valuable context for trading decisions:
QQQ change shows tech market direction
BTC price shows crypto market correlation
UVIX change indicates volatility expectations
Breadth measurement shows market internals
This context helps traders avoid fighting the broader market and align trades with overall market direction.
Timeframe Optimization
The indicator is designed to work across different timeframes:
For day trading: Focus on AVOL, VTR, PBK/BK, and use shorter momentum periods
For swing trading: Focus on SQZ duration, VTR strength, and broader market indicators
For position trading: Focus on larger VTR trends and use EMA alignment weight
Advanced Analytical Components
Enhanced Volume Trend Score Calculation
The VTR score calculation is sophisticated, with the base score starting at 50 and adjusting for:
Price direction (up/down)
Volume relative to average (high/normal/low)
Volume acceleration/deceleration
Market conditions (bull/bear)
Additional factors are then applied, including:
MACD influence weighted by strength and direction
Volume change rate influence (speed)
Price/volume divergence effects
EMA alignment scores
Volatility adjustments
Breakout strength factors
Price action confirmations
The final score is clamped between 0-100, with values above 50 indicating bullish conditions and below 50 indicating bearish conditions.
Anti-False Signal Filters
The indicator employs multiple techniques to reduce false signals:
Requiring significant price range (minimum percentage movement)
Demanding strong volume confirmation (significantly above average)
Checking for consistent direction across multiple indicators
Requiring prior bar consistency (consecutive bars moving in same direction)
Counting consecutive signals to filter out noise
These filters help eliminate noise and focus on high-probability setups.
MACD Enhancement and Integration
The indicator enhances standard MACD analysis:
Calculating MACD relative strength compared to recent history
Normalizing MACD slope relative to volatility
Detecting MACD acceleration for stronger signals
Integrating MACD crossovers with other confirmation factors
EMA Analysis System
The indicator uses a comprehensive EMA analysis system:
Calculating multiple EMAs (5, 10, 21 periods)
Detecting golden cross (10 EMA crosses above 21 EMA)
Detecting death cross (10 EMA crosses below 21 EMA)
Assessing price position relative to EMAs
Measuring EMA separation percentage
Recent Enhancements and Evolution
Version 5.2 includes several improvements:
Enhanced AVOL to show buying/selling direction through color coding
Improved VTR with adaptive analysis based on market conditions
AVOL display now works in all timeframes through sophisticated estimation
Removed animal symbols and streamlined code with bright colors for better visibility
Improved anti-false signal filters throughout the system
Optimizing Indicator Settings
For Different Market Types
Range-Bound Markets:
Lower EMA Alignment Weight (0.2-0.4)
Higher Speed of Change Weight (0.8-1.0)
Focus on SQZ and PBK signals for breakout potential
Trending Markets:
Higher EMA Alignment Weight (0.7-1.0)
Moderate Speed of Change Weight (0.4-0.6)
Focus on VTR strength and BK confirmations
Volatile Markets:
Enable Volatility Filter
Enable Adaptive Volume Analysis
Lower Momentum Period (2-3)
Focus on strong volume confirmation (VTR ≥ 80 or ≤ 20)
For Different Asset Classes
Equities:
Standard settings work well
Pay attention to AVOL for gap potential
Monitor QQQ correlation
Futures:
Consider higher Volume/RVOL weight
Reduce MACD weight slightly
Pay close attention to SQZ duration
Crypto:
Higher volatility thresholds may be needed
Monitor BTC price for correlation
Focus on stronger confirmation signals
Integrated Visual System for Trading Decisions
The colored circle indicators create an intuitive visual system for quick market assessment:
Progression Sequence: SQZ (Squeeze) → PBK (Pre-Breakout) → BK (Breakout)
This sequence often occurs in order, with the squeeze leading to pre-breakout conditions, followed by an actual breakout.
VTR (Volume Trend): Provides context about the volume supporting these movements.
Color Coding: Green for bullish conditions, red for bearish conditions, and orange/gray for neutral or undefined conditions.
Key Recent Highs and LowsKey Recent Highs & Lows — Session‐Aware Market Structure
TL;DR
This tool plots the most important intraday price extremes for every U.S.‑equity trading segment—Early Premarket • Western Premarket • Regular Hours • Post‑Market Hours • Yesterday’s Range—and labels them so you can trade break‑outs, retests and mean‑reversion with instant context.
📐 Theory & Why These Levels Matter
Liquidity Pools
Visible session extremes attract resting orders (stop‑losses, take‑profits, opening prints). Price often accelerates into them and reacts at them.
Market Memory
The previous day’s high/low is a widely‑watched pivot for gap fills, overnight inventory corrections and multi‑day breakouts.
Mean‑Reversion Windows
Statistically, pre‑ and post‑market ranges are thin; an aggressive spike outside those bands often retraces when full liquidity returns.
Break‑Out Confirmation
A true breakout isn’t just a tick above RTH‑high—it usually closes or at least consolidates above the prior extreme. Seeing all bands lets you gauge whether a push is “real” or just probing thinner sessions.
Put simply, these levels help you decide:
Break‑out ➜ trade in the direction of expansion past a session extreme with follow‑through.
Fade/Mean‑Revert ➜ fade a spike that tags an extreme without commitment (e.g., hits Western‑Premkt‑High then stalls before RTH).
🔍 What the Script Draws
Session (UTC‑4 EST) Default Color / Style Typical Use‑Case
Early Premarket 4 – 7 AM Thick semi‑transparent orange line detect overnight retail spikes / fade plays
Western Premarket 7 – 9 : 30 AM Dashed orange‑red breakout watch as U.S. brokers open
Regular Session (RTH) 9 : 30 – 16 : 00 Bold teal dotted line core intraday structure; classic highs/lows
Post‑Market 16 – 23 : 59 Soft indigo band after‑hours news moves, earnings fades
Previous‑Day RTH Solid teal gap‑fill targets, trend continuation filters
(All colors, thicknesses and transparencies are editable in the settings.)
✨ Features
Real‑Time Updates
Levels refresh tick‑by‑tick inside their own session—no repainting later.
One‑Click Visibility Toggles
Show or hide any session extreme independently.
Clean Auto‑Labels
Optional right‑edge tags (“RTH High”, “Premkt Low”, etc.) keep your chart readable even when lines overlap.
Automatic Daily Reset
At midnight Eastern, buffers clear and yesterday’s extremes roll into the “Prev‑Day” pair.
Zero‑Noise Design
Transparencies and line styles are tuned so you can overlay on any symbol / timeframe without drowning candles.
📈 How to Trade with It
Intraday Breakout Strategy
Mark confluence (e.g., price pushes through Western Premkt High and Yesterday’s High).
Wait for a pullback that holds above the reclaimed band.
Enter with stop under that session line; target next band or measured‑move.
Fade / Mean‑Reversion
Pre‑market headline sends price 5 % above Early Premkt High.
Volume dries up before RTH open.
Short into exhaustion; cover near Western Premkt High or VWAP.
Gap‑Fill & Trend Days
Cash open gaps above Prev‑Day High.
If first 15‑min candle closes back inside yesterday’s range, bias shifts to downside fade.
If it holds above, treat gap as breakout and track RTH High extensions.
Pair it with volume‑profile, VWAP, or momentum oscillators for even higher‑confidence setups.
⚙️ Settings Cheat‑Sheet
Setting Effect
Show Regular / Premarket / Post‑market High/Low Master visibility per session
Show Previous Day High/Low Toggle yesterday’s anchor range
Show Session Labels Turn the right‑edge tags on/off
Style Panel Change each line’s color, width, transparency, dash/dot
🛠️ Best Practices
Works on any intraday timeframe (1‑min to 1‑hour).
Crypto or 24 h markets: adjust session times to match your exchange.
Combine with alerts (e.g., “price crossing RTH High”) for hands‑free monitoring.
Put KRHL on your chart and you’ll never wonder which high matters most again—because they’re all right there, clearly labeled and color‑coded. Trade breakouts or fades with confidence, armed with the exact market structure everyone else is watching.
Multiple (12) Strong Buy/Sell Signals + Momentum
Indicator Manual: "Multiple (12) Strong Buy/Sell Signals + Momentum"
This indicator is designed to identify strong buy and sell signals based on 12 configurable conditions, which include a variety of technical analysis methods such as trend-following indicators, pattern recognition, volume analysis, and momentum oscillators. It allows for customizable alerts and visual cues on the chart. The indicator helps traders spot potential entry and exit points by displaying buy and sell signals based on the selected conditions.
Key Observations:
• The script integrates multiple indicators and pattern recognition methods to provide comprehensive buy/sell signals.
• Trend-based indicators like EMAs and MACD are combined with pattern recognition (flags, triangles) and momentum-based signals (RSI, ADX, and volume analysis).
• User customization is a core feature, allowing adjustments to the conditions and thresholds for more tailored signals.
• The script is designed to be responsive to market conditions, with multiple conditions filtering out noise to generate reliable signals.
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Key Features:
1. 12 Combined Buy/Sell Signal Conditions: This indicator incorporates a diverse set of conditions based on trend analysis, momentum, and price patterns.
2. Minimum Conditions Input: You can adjust the threshold of conditions that need to be met for the buy/sell signals to appear.
3. Alert Customization: Set alert thresholds for both buy and sell signals.
4. Dynamic Visualization: Buy and sell signals are shown as triangles on the chart, with momentum signals highlighted as circles.
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Detailed Description of the 12 Conditions:
1. Exponential Moving Averages (EMA):
o Conditions: The indicator uses EMAs with periods 3, 8, and 13 for quick trend-following signals.
o Bullish Signal: EMA3 > EMA8 > EMA13 (Bullish stack).
o Bearish Signal: EMA3 < EMA8 < EMA13 (Bearish stack).
o Reversal Signal: The crossing over or under of these EMAs can signify trend reversals.
2. MACD (Moving Average Convergence Divergence):
o Fast MACD (2, 7, 3) is used to confirm trends quickly.
o Bullish Signal: When the MACD line crosses above the signal line.
o Bearish Signal: When the MACD line crosses below the signal line.
3. Donchian Channel:
o Tracks the highest high and lowest low over a given period (default 20).
o Breakout Signal: Price breaking above the upper band is bullish; breaking below the lower band is bearish.
4. VWAP (Volume-Weighted Average Price):
o Above VWAP: Bullish condition (price above VWAP).
o Below VWAP: Bearish condition (price below VWAP).
5. EMA Stacking & Reversal:
o Tracks the order of EMAs (3, 8, 13) to confirm strong trends and reversals.
o Bullish Reversal: EMA3 < EMA8 < EMA13 followed by a crossing to bullish.
o Bearish Reversal: EMA3 > EMA8 > EMA13 followed by a crossing to bearish.
6. Bull/Bear Flags:
o Bull Flag: Characterized by a strong price movement (flagpole) followed by a pullback and breakout.
o Bear Flag: Similar to Bull Flag but in the opposite direction.
7. Triangle Patterns (Ascending and Descending):
o Detects ascending and descending triangles using pivot highs and lows.
o Ascending Triangle: Higher lows and flat resistance.
o Descending Triangle: Lower highs and flat support.
8. Volume Sensitivity:
o Identifies price moves with significant volume increases.
o High Volume: When current volume is significantly above the moving average volume (set to 1.2x of the average).
9. Momentum Indicators:
o RSI (Relative Strength Index): Confirms overbought and oversold levels with thresholds set at 65 (overbought) and 35 (oversold).
o ADX (Average Directional Index): Confirms strong trends when ADX > 28.
o Momentum Up: Momentum is upward with strong volume and bullish RSI/ADX conditions.
o Momentum Down: Momentum is downward with strong volume and bearish RSI/ADX conditions.
10. Bollinger & Keltner Squeeze:
o Squeeze Condition: A contraction in both Bollinger Bands and Keltner Channels indicates low volatility, signaling a potential breakout.
o Squeeze Breakout: Price breaking above or below the squeeze bands.
11. 3 Consecutive Candles Condition:
o Bullish: Price rises for three consecutive candles with higher highs and lows.
o Bearish: Price falls for three consecutive candles with lower highs and lows.
12. Williams %R and Stochastic RSI:
o Williams %R: A momentum oscillator with signals when the line crosses certain levels.
o Stochastic RSI: Provides overbought/oversold levels with smoother signals.
o Combined Signals: You can choose whether to require both WPR and StochRSI to signal a buy/sell.
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User Inputs (Inputs Tab):
1. Minimum Conditions for Buy/Sell:
o min_conditions: Number of conditions required to trigger a buy/sell signal on the chart (1 to 12).
o Alert_min_conditions: User-defined alert threshold (how many conditions must be met before an alert is triggered).
2. Donchian Channel Settings:
o Show Donchian: Toggle visibility of the Donchian channel.
o Donchian Length: The length of the Donchian Channel (default 20).
3. Bull/Bear Flag Settings:
o Bull Flag Flagpole Strength: ATR multiplier to define the strength of the flagpole.
o Bull Flag Pullback Length: Length of pullback for the bull flag pattern.
o Bull Flag EMA Length: EMA length used to confirm trend during bull flag pattern.
Similar settings exist for Bear Flag patterns.
4. Momentum Indicators:
o RSI Length: Period for calculating the RSI (default 9).
o RSI Overbought: Overbought threshold for the RSI (default 65).
o RSI Oversold: Oversold threshold for the RSI (default 35).
5. Bollinger/Keltner Squeeze Settings:
o Squeeze Width Threshold: The maximum width of the Bollinger and Keltner Bands for squeeze conditions.
6. Stochastic RSI Settings:
o Stochastic RSI Length: The period for calculating the Stochastic RSI.
7. WPR Settings:
o WPR Length: Period for calculating Williams %R (default 14).
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User Inputs (Style Tab):
1. Signal Plotting:
o Control the display and colors of the buy/sell signals, momentum indicators, and pattern signals on the chart.
o Buy/Sell Signals: Can be customized with different colors and shapes (triangle up for buys, triangle down for sells).
o Momentum Signals: Custom circle placement for momentum-up or momentum-down signals.
2. Donchian Channel:
o Show Donchian: Toggle visibility of the Donchian upper, lower, and middle bands.
o Band Colors: Choose the color for each band (upper, lower, middle).
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How to Use the Indicator:
1. Adjust Minimum Conditions: Set the minimum number of conditions that must be met for a signal to appear. For example, set it to 5 if you want only stronger signals.
2. Set Alert Threshold: Define the number of conditions needed to trigger an alert. This can be different from the minimum conditions for visual signals.
3. Customize Appearance: Modify the colors and styles of the signals to match your preferences.
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Conclusion:
This comprehensive trading indicator uses a combination of trend-following, pattern recognition, and momentum-based conditions to help you spot potential buy and sell opportunities. By adjusting the input settings, you can fine-tune it to match your specific trading strategy, making it a versatile tool for different market conditions.
Signal Reliability Based on Condition Count
The reliability of the buy/sell signals increases as more conditions are met. Here's a breakdown of the probabilities:
1. 1-3 Conditions Met: Lower Probability
o Signals that meet only 1-3 conditions tend to have lower reliability and are considered less probable. These signals may represent false positives or weaker market movements, and traders should approach them with caution.
2. 4 Conditions Met: More Reliable Signal
o When 4 conditions are met, the signal becomes more reliable. This indicates that multiple indicators or market patterns are aligning, increasing the likelihood of a valid buy/sell opportunity. While not foolproof, it's a stronger indication that the market may be moving in a particular direction.
3. 5-6 Conditions Met: Strong Signal
o A signal meeting 5-6 conditions is considered a strong signal. This indicates a well-confirmed move, with several technical indicators and market factors aligning to suggest a higher probability of success. These are the signals that traders often prioritize.
4. 7+ Conditions Met: Rare and High-Confidence Signal
o Signals that meet 7 or more conditions are rare and should be considered high-confidence signals. These represent a significant alignment of multiple factors, and while they are less frequent, they are highly reliable when they do occur. Traders can be more confident in acting on these signals, but they should still monitor market conditions for confirmation.
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You can adjust the number of conditions as needed, but this breakdown should give a clear structure on how the signal strength correlates with the number of conditions met!
Anchored Darvas Box## ANCHORED DARVAS BOX
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### OVERVIEW
**Anchored Darvas Box** lets you drop a single timestamp on your chart and build a Darvas-style consolidation zone forward from that exact candle. The indicator freezes the first user-defined number of bars to establish the range, verifies that price respects that range for another user-defined number of bars, then waits for the first decisive breakout. The resulting rectangle captures every tick of the accumulation phase and the exact moment of expansion—no manual drawing, complete timestamp precision.
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### HISTORICAL BACKGROUND
Nicolas Darvas’s 1950s box theory tracked institutional accumulation by hand-drawing rectangles around tight price ranges. A trade was triggered only when price escaped the rectangle.
The anchored version preserves Darvas’s logic but pins the entire sequence to a user-chosen candle: perfect for analysing a market open, an earnings release, FOMC minute, or any other catalytic bar.
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### ALGORITHM DETAIL
1. **ANCHOR BAR**
*You provide a timestamp via the settings panel.* The script waits until the chart reaches that bar and records its index as **startBar**.
2. **RANGE DEFINITION — BARS 1-7**
• `rangeHigh` = highest high of bars 1-7 plus optional tolerance.
• `rangeLow` = lowest low of bars 1-7 minus optional tolerance.
3. **RANGE VALIDATION — BARS 8-14**
• Price must stay inside ` `.
• Any violation aborts the test; no box is created.
4. **ARMED STATE**
• If bars 8-14 hold the range, two live guide-lines appear:
– **Green** at `rangeHigh`
– **Red** at `rangeLow`
• The script is now “armed,” waiting indefinitely for the first true breakout.
5. **BREAKOUT & BOX CREATION**
• **Up breakout** =`high > rangeHigh` → rectangle drawn in **green**.
• **Down breakout**=`low < rangeLow` → rectangle drawn in **red**.
• Box extends from **startBar** to the breakout bar and never updates again.
• Optional labels print the dollar and percentage height of the box at its left edge.
6. **OPTIONAL COOLDOWN**
• After the box is painted the script can stay silent for a user-defined number of bars, letting you study the fallout without another range immediately arming on top of it.
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### INPUT PARAMETERS
• **ANCHOR TIME** – Precise yyyy-mm-dd HH:MM:SS that seeds the sequence.
• **BARS TO DEFINE RANGE** – Default 7; affects both definition and validation windows.
• **OPTIONAL TOLERANCE** – Absolute price buffer to ignore micro-wicks.
• **COOLDOWN BARS AFTER BREAKOUT** – Pause length before the indicator is allowed to re-anchor (set to zero to disable).
• **SHOW BOX DISTANCE LABELS** – Toggle to print Δ\$ and Δ% on every completed box.
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### USER WORKFLOW
1. Add the indicator, open settings, and set **ANCHOR TIME** to the candle you care about (e.g., “2025-04-23 09:30:00” for NYSE open).
2. Watch live as the script:
– Paints the seven-bar range.
– Draws validation lines.
– Locks in the box on breakout.
3. Use the box boundaries as structural stops, targets, or context for further trades.
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### PRACTICAL APPLICATIONS
• **OPENING RANGE BREAKOUTS** – Anchor at the first second of the session; capture the initial 7-bar range and trade the first clean break.
• **EVENT STUDIES** – Anchor at a news candle to measure immediate post-event volatility.
• **VOLUME PROFILE FUSION** – Combine the anchored box with VPVR to see if the breakout occurs at a high-volume node or a low-liquidity pocket.
• **RISK DISCIPLINE** – Stop-loss can sit just inside the opposite edge of the anchored range, enforcing objective risk.
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### ADVANCED CUSTOMISATION IDEAS
• **MULTIPLE ANCHORS** – Clone the indicator and anchor several boxes (e.g., London open, New York open).
• **DYNAMIC WINDOW** – Switch the 7-bar fixed length to a volatility-scaled length (ATR percentile).
• **STRATEGY WRAPPER** – Turn the indicator into a `strategy{}` script and back-test anchored boxes on decades of data.
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### FINAL THOUGHTS
Anchored Darvas Boxes give you Darvas’s timeless range-break methodology anchored to any candle of interest—perfect for dissecting openings, economic releases, or your own bespoke “important” bars with laboratory precision.
Amihud Liquidity RatioCalculates liquidity as a sort of moving average over time
The Amihud Illiquidity Ratio (ILLIQ) measures the price impact of trading volume. It's calculated as the absolute daily return divided by the daily dollar volume:
𝐼𝐿𝐿𝐼𝑄ₜ = |𝑅ₜ| / 𝑉𝑂𝐿𝐷ₜ
Where:
|𝑅ₜ| is the absolute value on return day t
𝑉𝑂𝐿𝐷ₜ is the dollar trading volume on day t
Here's how you can incorporate this indicator into your analysis:
1. Identifying Liquidity Regimes:
High Liquidity (Low Indicator Values): When the indicator is consistently low, it suggests a market or asset where it's generally easier to enter and exit positions without significant slippage. This might be a more favorable environment for strategies that rely on tight spreads and efficient order execution.
Low Liquidity (High Indicator Values): When the indicator is consistently high or spiking, it signals periods of lower liquidity. This can lead to:
Increased Volatility: Fewer participants and larger bid-ask spreads can amplify price movements.
Higher Slippage: Executing large orders might result in getting a worse price than expected.
Gap Risk: Significant price gaps can occur between trading sessions due to a lack of continuous trading interest.
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2. Confirming Trends and Breakouts:
Trend Confirmation:
Uptrend with Increasing Liquidity (Falling Amihud): A healthy uptrend often sees increasing participation and ease of trading. A falling Amihud during an uptrend can provide confidence in the trend's sustainability.
Uptrend with Decreasing Liquidity (Rising Amihud): An uptrend accompanied by rising Amihud might be less stable. It could suggest that the price increase is driven by fewer participants and might be more prone to reversals.
The same logic applies to downtrends, but in reverse.
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Breakout Confirmation:
Breakout with Increasing Liquidity (Falling Amihud): A breakout accompanied by increasing liquidity (falling Amihud) can suggest strong conviction and a higher probability of the breakout being sustained.
Breakout with Decreasing Liquidity (Rising Amihud): A breakout on low liquidity might be more suspect and could be a "fakeout" if there isn't enough sustained buying or selling pressure.
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3. Identifying Potential Reversal Points:
Liquidity Exhaustion: Sometimes, a prolonged period of low liquidity (high Amihud) might precede a reversal. The lack of active trading interest at those levels could make the price more susceptible to a shift in sentiment.
Liquidity Surges: A sudden spike in liquidity (a sharp drop in Amihud) after a period of low liquidity could indicate renewed interest and potentially the start of a new trend or a reversal of the previous one.
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Consecutive CandlesSummary
This indicator helps visualize short-term momentum by automatically drawing boxes around sequences of consecutive same-colored candles (bullish or bearish). It's designed to quickly highlight periods of sustained buying or selling pressure directly on your chart.
How it Works
Consecutive Candle Detection: The script monitors the chart bar by bar, tracking consecutive candles where close > open (bullish) or close < open (bearish).
Box Drawing: When a sequence of same-colored candles reaches a user-defined minimum length (default is 3) and this sequence is then broken by an opposite-colored candle or a doji, a box is drawn.
Box Boundaries:
The top of the box is set to the highest high price reached during the sequence.
The bottom of the box is set to the lowest low price reached during the sequence.
The left edge of the box aligns with the start time of the first candle in the sequence.
The right edge of the box aligns with the end time of the last candle in the sequence.
Stability: Uses xloc = xloc.bar_time to ensure boxes remain accurately anchored to the price bars when zooming or panning the chart.
Real-time Extension: For active sequences meeting the minimum length on the latest developing bar, the box is optionally extended to the right.
Features
Automatically identifies and boxes sequences of 3 or more (customizable) consecutive bullish candles.
Automatically identifies and boxes sequences of 3 or more (customizable) consecutive bearish candles.
Extends box in real-time for active qualifying sequences.
Customizable minimum candle count (>= 2).
Customizable colors for bullish/bearish boxes and borders.
Settings
You can customize the indicator via the Settings menu (gear icon):
Minimum Consecutive Candles: Define how many candles in a row are needed to draw a box (Default: 3).
Bullish Box Color: Set the fill color for boxes around bullish sequences.
Bearish Box Color: Set the fill color for boxes around bearish sequences.
Box Border Color: Set the color for the border of all boxes.
Potential Use Cases
Momentum Identification: Quickly spot periods of strong, uninterrupted buying or selling.
Exhaustion/Reversal Signals: Very long sequences might indicate potential exhaustion, setting up reversal opportunities.
Consolidation Breakouts: A box forming after a period of tight consolidation can highlight the range just before a potential breakout.
Confirmation: Use the boxes as confirmation for entries or exits based on momentum shifts.
Disclaimer: This indicator provides visual aids based on price action. It should not be used as a standalone trading system. Always use indicators in conjunction with your own analysis and risk management rules.
Wyckoff Range Detector [Beta] + Smart Money ElementsThis indicator detects the key phases of the Wyckoff market structure and integrates smart money elements, such as Order Blocks (OB), Fair Value Gaps (FVG), and Breaker Blocks. It also helps identify potential reversal zones (LPS, UTAD, Spring), breakout opportunities, and provides automatic Risk-Reward (R:R) calculations.
Key Features:
Wyckoff Phases Detection:
Automatically detects key phases of Wyckoff's market structure:
B (Range) – The initial range of accumulation.
C (Spring Phase) – Accumulation phase with a potential breakout.
C (UTAD Phase) – Upthrust After Distribution, indicating a potential reversal.
D (LPS Phase) – Last Point of Support, signaling accumulation before a breakout.
E (Breakout) – Phase marking breakout from range.
Re-Accumulation – Possible continuation in the range after a breakout.
Re-Distribution – Possible breakdown of a distribution phase.
Smart Money Elements:
Order Blocks (OB): Identifies Bullish and Bearish OBs to anticipate market entries.
Fair Value Gap (FVG): Highlights imbalance areas where price is likely to return.
Breaker Blocks: Marks areas where the price has previously broken a structure, indicating strong supply/demand zones.
Automatic Risk-Reward Calculation:
Smart RR: Automatically calculates Risk-Reward (R:R) ratios from LPS phases and Order Blocks. It draws lines to indicate target and stop levels with green for the target and red for the stop.
Visual representation of the entry signal with target and stop levels displayed.
Alerts:
Set alerts for phase changes, breakout, re-accumulation, or re-distribution to stay updated on the market’s movements.
Visual Tools:
Labels are used to indicate key zones such as AR, SC, LPS, and Spring Zones.
Draw boxes for the Spring and LPS phases to highlight areas where price action is likely to reverse.
Lines to represent potential breakouts, with customizable risk-reward indicators.
How to Use:
Apply the Indicator on any chart.
Identify Wyckoff phases to understand market trends.
Monitor Smart Money Elements (OB, FVG, Breaker) for entry and exit points.
Use automatic Risk-Reward levels for managing trades.
Set alerts for various Wyckoff phases and smart money signals to stay updated.
ICT Breakers (BOS / MSS - Market Structure) [ICTProTools]The Breakers (Market Structure) indicator is designed to help traders identify true breaker structures , a key concept in Inner Circle Trader (ICT) methodology. In market structure, Breakers represent powerful shifts where a key high or low is broken, leading to a reversal in market direction. Most tools misinterpret structure shifts, using internal structure , leading to fake breakouts. This tool solves that problem by filtering out false signals , providing clear & structured insights , all with multi-timeframe compatibility.
💎 Key Features
⚡️ Breakers in action
The indicator shows the structure following ICT instructions. A breaker is defined by two lines:
The first line confirms the previous trend (it could be interpreted as a BOS).
The second line highlights the moment price breaks structure (with candle body or wick based on your chosen settings), signaling a shift in trend direction (like an MSS).
Furthermore, it’s important to note that a breaker not only shows the structure, but also defines a potential Point of Interest (POI), an area where price may retrace before continuing its trend.
Here, we can observe two clear structure shifts.
On the far left, the market was in a bearish trend, illustrated by the first visible (dotted and red) line. Shortly after, the second (solid and green) line appears, showing a break that initiates a new bullish trend.
This upward movement continues, with the last confirmation marked by a top structure line. And finally, the structure is broken once again indicating a transition back into a bearish trend.
💪 Real Structure with True Highs / Lows
Unlike many indicators that detect internal breakouts , this tool follows ICT’s true market structure rules .
In a bearish trend , a bullish breaker is only confirmed when the high that created the low is broken , and conversely for a bullish scenario.
Fake breakouts are ignored, preventing misleading signals.
In the image above, the white breakout is correctly ignored by the indicator, as it doesn't align with ICT’s structural rules. That white high is simply part of the internal structure, not the true swing point. Instead, the green line highlights the key level that truly matters, the one whose rupture would have confirmed a real change in market structure.
🔔 Smart Alerts for Structure Updates
Stay one step ahead with customizable alerts designed to notify you instantly when market structure changes occur.
Get notified for BOS (Continuation) and / or MSS (Breaker) events.
Set alerts for bullish , bearish , or both directions.
Choose between once or repeated alerts , based on your strategy.
This feature allows traders to remain focused and reactive , even when monitoring multiple markets.
In the alert settings, select which structure shifts you want to be notified of. Whether you're a scalper or a swing trader, the alerts keep you connected to key moments without needing to constantly monitor the chart.
⏳ Multi-Timeframe Structure
All features of the indicator are fully compatible with higher timeframes .
Get a broader view of market structure without switching timeframes.
Monitor higher timeframe structures and receive alerts, all without leaving your analysis chart .
In this example, the market structure of the 30m timeframe is displayed while on a 5m chart, providing a clearer perspective.
✨ Customization & User Control
Make it yours! The indicator allows full customization:
Swing bars (to confirm high / low)
Select your mode for Breakers (MSS) , using the candle body only or body / wick
Line style (type, width, color)
Choice of displayed timeframe
Activate any alert , with the frequency you want
🎯 Conclusion
✅ Avoid false signals by focusing on true ICT Breakers
✅ Smart alerts to never miss a structural shift
✅ Multi-timeframe support for enhanced analysis
✅ Clean & professional design for an optimal trading experience
Dynamic Support and Resistance ### Indicator: Dynamic Support and Resistance
#### Overview:
The *Dynamic Support and Resistance* indicator is a powerful tool designed to help traders identify key price levels on a chart. It dynamically calculates support and resistance levels based on pivot points and the Average True Range (ATR). The indicator also highlights broken support and resistance zones, providing visual cues for potential trend reversals or continuations.
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### Key Features:
1. *Dynamic Support and Resistance Levels*:
- The indicator identifies support and resistance levels using pivot highs and lows within a user-defined range.
- These levels are adjusted using the ATR to account for market volatility, making them more responsive to changing market conditions.
2. *Support and Resistance Zones*:
- The indicator draws boxes around the support and resistance levels, with customizable colors and widths.
- The width of the zones is determined by the ATR and a user-defined multiplier, allowing traders to adjust the sensitivity of the zones.
3. *Broken Zones*:
- When price breaks through a support or resistance zone, the zone is highlighted with a distinct color to indicate a potential shift in market sentiment.
- Traders can limit the number of broken zones displayed on the chart to avoid clutter.
4. *Customizable Inputs*:
- *Range Candle Count*: Defines the number of candles analyzed to determine pivot points. Increasing this value will result in fewer but more significant levels, while decreasing it will produce more levels that are sensitive to shorter-term price movements.
- *ATR Period*: Controls the sensitivity of the ATR calculation. A shorter period makes the ATR more responsive to recent price changes, while a longer period smooths it out.
- *Box Width Multiplier*: Adjusts the width of the support and resistance zones. A higher multiplier creates wider zones, which may be useful in more volatile markets.
- *Max Broken Zones*: Limits the number of broken zones displayed on the chart. This helps keep the chart clean and focused on the most recent breaks.
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### How It Works:
1. *Pivot Points*:
- The indicator identifies pivot highs and lows within the specified range. These pivots serve as the basis for calculating support and resistance levels.
2. *ATR Adjustment*:
- The ATR is used to adjust the support and resistance levels, making them more dynamic and responsive to market volatility.
3. *Zone Creation*:
- Support and resistance zones are drawn as boxes around the pivot levels. The width of these zones is determined by the ATR and the box width multiplier.
4. *Zone Breaks*:
- When price breaks through a zone, the zone is highlighted with a distinct color, and the broken zone is added to an array. If the number of broken zones exceeds the user-defined limit, the oldest broken zone is removed from the chart.
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### How to Use:
1. *Trend Identification*:
- Use the support and resistance levels to identify key price levels where the market may reverse or consolidate.
- Broken zones can signal potential trend reversals or continuations.
2. *Entry and Exit Points*:
- Traders can use the support and resistance zones as potential entry or exit points. For example, buying near support or selling near resistance.
- Broken zones can be used as confirmation for breakout strategies.
3. *Risk Management*:
- The width of the zones can help traders set stop-loss levels. For example, placing a stop-loss just outside a support or resistance zone.
4. *Customization*:
- Adjust the input parameters to suit your trading style and the specific market conditions. For example, increase the range candle count for longer-term analysis or decrease it for shorter-term trading.
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### Who Should Use This Indicator?
- *Swing Traders*: Can use the indicator to identify key levels for potential reversals or breakouts.
- *Day Traders*: Can benefit from the dynamic levels and zones, especially in volatile markets.
- *Position Traders*: Can use the indicator to identify long-term support and resistance levels.
- *Breakout Traders*: Can use the broken zones to confirm breakouts and plan their trades accordingly.
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### Input Parameters and Their Effects:
1. *Range Candle Count*:
- *Increase*: Produces fewer but more significant levels, suitable for longer-term analysis.
- *Decrease*: Produces more levels, sensitive to shorter-term price movements.
2. *ATR Period*:
- *Increase*: Smoothens the ATR, making the levels less sensitive to recent price changes.
- *Decrease*: Makes the ATR more responsive to recent price changes, resulting in more dynamic levels.
3. *Box Width Multiplier*:
- *Increase*: Creates wider zones, suitable for more volatile markets.
- *Decrease*: Creates narrower zones, suitable for less volatile markets.
4. *Max Broken Zones*:
- *Increase*: Displays more broken zones on the chart, providing more historical context.
- *Decrease*: Keeps the chart clean by displaying only the most recent broken zones.
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### Conclusion:
The *Dynamic Support and Resistance* indicator is a versatile tool that can be adapted to various trading styles and market conditions. By dynamically adjusting to market volatility and highlighting key price levels, it provides traders with valuable insights into potential support and resistance areas. Whether you're a swing trader, day trader, or position trader, this indicator can help you make more informed trading decisions.
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### Publishing on TradingView:
- *Title*: Dynamic Support and Resistance
- *Description*: A dynamic support and resistance indicator that uses pivot points and ATR to identify key price levels. Includes customizable support/resistance zones and highlights broken zones for breakout trading.
- *Tags*: support, resistance, ATR, pivot points, breakout, trading, indicator
- *Access*: Public or Invite-only, depending on your preference.
This indicator is ready to be published on TradingView, and the detailed description above will help users understand its functionality and how to use it effectively.
ATR Impact CandlesATR Impact Candles: Simplify Your Trading with Pure Price Action
You don’t need dozens of cluttered indicators to catch what really matters. With ATR Impact Candles, you get a powerful, single-tool solution that cuts through the noise by focusing on what truly drives the market: price action and volatility. This indicator highlights only those candlesticks that pack a punch—showing you when the market’s range is exceptionally strong relative to its recent behavior. Whether you’re a scalper or a swing trader, ATR Impact Candles empowers you to time your entries and exits with confidence, letting you trade based on real market momentum.
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Indicator Overview
The indicator is designed for TradingView and is implemented in Pine Script (version 5). Its primary purpose is to highlight specific candles that meet a defined volatility condition based on the Average True Range (ATR). Instead of modifying every candle’s appearance, the indicator only changes the color of those “signal” candles that exceed a user-defined multiple of the ATR. The rest of the candles remain in their traditional black and white appearance—preserving the classic candlestick chart look.
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Key Features
1. ATR-Based Signal Identification:
• ATR Calculation:
The indicator calculates the ATR using a configurable lookback period (default is 14 periods). The ATR is a common volatility measure that reflects the average range of price movement.
• Threshold Condition:
A candle is flagged as a signal if its range (high minus low) meets or exceeds a specified multiple (the “ATR Factor”) of the ATR. By default, this factor is set to 2, meaning any candle whose range is at least twice the ATR is considered significant.
2. Dynamic Candle Coloring:
• Signal Candles:
• When a candle meets the ATR threshold condition:
• Up Candles: are colored green.
• Down Candles: are colored red.
• Non-Signal Candles:
• Candles that do not meet the threshold condition retain their classic appearance:
• Up candles are white.
• Down candles are black.
3. User Configurability:
• ATR Period:
Traders can adjust the ATR period to tailor the volatility measure to different markets or timeframes.
• ATR Factor:
The multiple of the ATR that defines a signal candle is also configurable, giving flexibility to experiment with different thresholds for what constitutes “significant” price movement.
• Overlay Display:
The indicator runs in overlay mode on the chart, meaning it directly affects the appearance of the candlestick bars without interfering with other chart elements.
4. Additional Visual Aid:
• Threshold Line Plot:
The script optionally plots a line representing the ATR multiplied by the chosen factor. This line serves as a visual benchmark on the chart, allowing traders to see at what level the ATR threshold lies relative to the price action.
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How It Works
1. ATR Calculation:
The indicator first calculates the Average True Range (ATR) for the defined period. This value is updated for each new candle.
2. Range Comparison:
For each candle, the indicator calculates the range (high - low) and compares it to the threshold, which is the ATR multiplied by the user-defined factor.
3. Conditional Coloring:
• If the Candle’s Range ≥ (ATR * Factor):
• The candle is marked as a “signal candle.”
• Its color is set to green if it is an up candle (close is greater than or equal to open) or red if it is a down candle.
• Otherwise:
• The candle retains its classic look, with up candles in white and down candles in black.
4. Chart Display:
By applying these rules to every candle, the indicator visually emphasizes those moments when the market shows unusually large price movements relative to its recent average volatility. This helps traders quickly spot potential breakouts or reversals.
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Practical Applications
• Volatility Breakouts:
Identify candles that may signal the start of a breakout or strong reversal.
• Risk Management:
Adjust stop-loss levels or position sizes when unusually volatile candles are detected.
• Signal Confirmation:
Combine with other technical indicators or chart patterns to reinforce entry or exit decisions.
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ATR Impact Candles is your essential, no-nonsense tool for filtering out market noise and focusing solely on significant price action. Simplify your trading decisions and harness the power of volatility with one clear, effective indicator.
Advanced Session Profile Predictor with SR Boxes & ORAdvanced Session Profile Predictor with Momentum Arrows
Designed for intraday traders, this indicator analyzes price action across Asia, London, and New York sessions to predict market profiles and highlight key trading opportunities. By combining session-based profiling, Opening Range (OR) visualization, and momentum signals from Traders Dynamic Index (TDI), it offers a unique tool for anticipating trends, reversals, and breakouts. Ideal for forex, indices, and crypto on 15M–1H charts.
What Makes This Indicator Unique?
Unlike typical session indicators that only mark time zones or standard TDI scripts that focus on momentum, this tool:
Predicts market profiles (e.g., "Trend Continuation," "NY Manipulation") by analyzing session ranges and directional moves, offering actionable insights into how sessions interact.
Visualizes Opening Range (OR) boxes for the first 15 minutes of each session, helping traders spot early breakout levels.
Integrates TDI with momentum to generate precise bullish/bearish arrows, filtered by session context for improved reliability.
Simplifies decision-making with dynamic profile labels showing real-time long/short conditions based on price levels.
How Does It Work?
Session Tracking:
Asia (00:00–08:00 UTC, yellow), London (08:00–16:00 UTC, red), and New York (13:00–21:00 UTC, blue) sessions are highlighted with background colors and high/low lines (crosses).
OR boxes (first 15 minutes) are drawn for each session: yellow for Asia, red for London, blue for NY.
Profile Prediction:
Compares Asia and London session ranges and directions (e.g., trending if range > 1.5x 5-period SMA).
Examples:
Trend Continuation: Asia and London trend in the same direction—long above Asia high (uptrend) or short below Asia low (downtrend).
NY Manipulation: Asia trends, London consolidates—watch for NY breakouts at London high/low.
Displays the predicted profile and entry conditions in labels (e.g., "IF price hits 1.2000 LONG").
Momentum Arrows:
Uses TDI (RSI period 21, bands 34, fast MA 2) and 12-period momentum.
Green up arrow: Fast MA > upper band (>68) and momentum rising (bullish).
Red down arrow: Fast MA < lower band (<32) and momentum falling (bearish).
Support/Resistance (SR):
Plots dynamic SR boxes based on pivot highs/lows, filtered by volume (inspired by ChartPrime’s methodology, credited below).
How to Use It
Setup: Apply to a 15M–1H chart. Adjust time zone (default: UTC) and session times if needed. Customize TDI/momentum settings for sensitivity.
Trading:
Check the top-right labels for the current profile and entry conditions (e.g., "IF price hits LONG/SHORT").
Confirm entries with green up arrows (bullish) or red down arrows (bearish).
Use OR boxes and session high/low lines to identify breakout or reversal levels.
Example: In "NY Manipulation," wait for price to hit London high (long) or low (short) during NY session, confirmed by an arrow.
Best Markets: Forex (EUR/USD), indices (SPX500), crypto (BTC/USD) with sufficient intraday volatility.
Underlying Concepts
Session Profiling: Detects trends (range > SMA * threshold) and manipulation (e.g., London breaking Asia’s high/low) to predict NY behavior.
OR Boxes: Marks the first 15 minutes’ high/low as a breakout zone (time-based, 900,000 ms).
TDI + Momentum: Combines RSI-based bands with price change (close – close ) for momentum signals.
SR Boxes: Identifies pivots over a lookback period (default 20), scaled by ATR and filtered by volume thresholds.
Credits
The SR box logic is inspired by ChartPrime’s volume-filtered support/resistance methodology, adapted with custom breakout/hold detection. Original authors are credited for their foundational work.
Chart Setup
Displays session backgrounds, OR boxes, high/low lines, TDI arrows, and profile labels. Keep other indicators off for clarity.
Trading Sessions Highs/Lows | InvrsROBINHOODTrading Sessions Highs/Lows | InvrsROBINHOOD
🚀 A powerful indicator for tracking key trading sessions and the highs and lows of each session!
📌 Description
The Trading Sessions Highs/Lows indicator visually marks the most critical trading sessions—Asia, London, and New York—using small colored dots at the bottom of the candle. It also tracks and plots the highs and lows of each session, along with the Daily Open and Weekly Open levels.
This tool is designed to help traders identify session-based liquidity zones, price reactions, and potential trade setups with minimal chart clutter.
Key Features:
✅ Session markers (Asia, London, NY AM, NY Lunch, NY PM) plotted as small dots
✅ Plots session highs and lows for market structure insights
✅ Daily Open line for intraday reference
✅ Weekly Open line for higher timeframe bias
✅ Alerts for session high/low breaks to capture momentum shifts
✅ User-defined UTC offset for global traders
✅ Customizable session colors for personal preference
📖 How to Use the Indicator
1️⃣ Understanding the Sessions
Asia Session (Yellow Dot) → Marks liquidity buildup & pre-London moves
London Session (Blue Dot) → Strong volatility, breakout opportunities
New York AM Session (Green Dot) → Major trends & institutional participation
New York Lunch (Red Dot) → Low volume, ranging market
New York PM Session (Dark Green Dot) → End-of-day movements & reversals
2️⃣ Session Highs & Lows for Market Structure
Session Highs can act as resistance or breakout points.
Session Lows can act as support or stop-hunt zones.
Break of a session high/low with volume may indicate continuation or reversal.
3️⃣ Using the Daily & Weekly Open
The Daily Open (Black Line) helps gauge the intraday trend.
Above Daily Open → Bearish Bias
Below Daily Open → Bullish Bias
The Weekly Open (Red Line) sets the higher timeframe directional bias.
4️⃣ Alerts for Breakouts
The indicator will trigger alerts when price breaks session highs or lows.
Useful for setting stop-losses, breakout trades, and risk management.
💡 Why This Indicator is Important for Beginners
1️⃣ Avoids Overtrading:
Many beginners trade in low-volume periods (NY Lunch, Asia session) and get stuck in choppy price action.
This indicator highlights when volatility is high so traders focus on better opportunities.
2️⃣ Session-Based Liquidity Traps:
Market makers often run stops at session highs/lows before reversing.
Watching session breaks prevents traders from falling into liquidity grabs.
3️⃣ Reduces Emotional Trading:
If price is above the Daily Open, a beginner shouldn’t look for shorts.
If price is below a key session low, it may signal a fake breakout.
4️⃣ Aligns with Institutional Trading:
Smart money traders use session highs/lows to set stop hunts & reversals.
Beginners can use this indicator to spot these zones before entering trades.
🛡️ How to Mitigate Risk with This Indicator
✅ Wait for Confirmations – Don’t trade blindly at session highs/lows. Look for wicks, rejections, or break/retests.
✅ Use Stop-Loss Above/Below Session Levels – If you’re going long, set SL below a session low. If short, set SL above a session high.
✅ Watch Volume & News Events – Breakouts without strong volume or news may be fake moves.
✅ Combine with Other Strategies – Use price action, trendlines, or EMAs with this indicator for higher probability trades.
✅ Use the Weekly Open for Trend Bias – If price stays below the Weekly Open, avoid bullish setups unless key support holds.
🎯 Who is This Indicator For?
📌 Beginners who need clear session-based trading levels.
📌 Day traders & scalpers looking to refine their intraday setups.
📌 Smart money traders using liquidity concepts.
📌 Swing traders tracking higher timeframe momentum shifts.
🚀 Final Thoughts
This indicator is an essential tool for traders who want to understand market structure, liquidity, and volatility cycles. Whether you’re trading forex, stocks, or crypto, it helps you stay on the right side of the market and avoid unnecessary risks.
🔹 Set it up, customize your colors, define your UTC offset, and start trading smarter today! 🏆📈
Smart ChannelThe "Smart Channel" indicator is designed to dynamically identify and plot price channels on a chart. It uses a statistical approach based on Pearson's correlation coefficient to determine the best-fit channel for both short-term and long-term trends. This allows traders to visualize potential support and resistance levels, identify trend direction, and potentially anticipate breakouts or reversals.
How it Works:
Data Input: The indicator takes a source input (typically the closing price) as the basis for its calculations.
Period Selection: It defines two sets of lookback periods: one for short-term analysis and one for long-term analysis. The code iterates through these periods, calculating a linear regression and standard deviation for each.
Pearson's Correlation: For each period, the indicator calculates Pearson's R, which measures the strength and direction of the linear relationship between price and time. A higher absolute value of Pearson's R indicates a stronger trend.
Best Fit Channel: The indicator identifies the period with the highest Pearson's R for both short-term and long-term and uses the corresponding linear regression parameters (slope and intercept) to define the midline of the channel.
Standard Deviation: The standard deviation of the price data around the regression line is calculated. This is used to define the upper and lower boundaries of the channel. The channel width is controlled by a "Deviation Multiplier" input.
Channel Plotting: The indicator plots the midline, upper boundary, and lower boundary of the channel on the chart. Separate channels are plotted for the short-term and long-term best-fit periods, using different colors for easy visual distinction.
Dynamic Updates: The channel is dynamically updated as new price data becomes available, adjusting to the evolving market trend.
Key Inputs and Settings:
Source: The price data used for calculations (e.g., close, open, high, low, etc.).
Use Long-Term Channel: A boolean input to enable/disable the calculation and plotting of the long-term channel.
Deviation Multiplier: Controls the width of the channel (how many standard deviations away from the midline the boundaries are).
Channel/Midline Colors and Transparency: Customizable colors and transparency levels for the channel lines and fill.
Line Styles: Options for solid, dotted, or dashed lines for the channel boundaries and midline.
Extend Style: How the channel lines should extend (right, both, none, left).
Interpretation and Usage:
Trend Identification: The direction of the midline indicates the prevailing trend. An upward-sloping midline suggests an uptrend, while a downward-sloping midline suggests a downtrend.
Support and Resistance: The upper and lower channel boundaries can act as potential support and resistance levels.
Breakouts: A price move outside of the channel boundaries may signal a potential breakout or reversal.
Overbought/Oversold: Prices touching or exceeding the upper boundary might suggest an overbought condition, while prices touching or exceeding the lower boundary might suggest an oversold condition.
Short-Term vs. Long-Term: Comparing the short-term and long-term channels can provide insights into the overall market context. For example, a short-term uptrend within a long-term downtrend might suggest a potential buying opportunity before the larger trend resumes.
