WaveTrend Divergences, Candle Colouring and TP Signal [LuciTech]WaveTrend is a momentum-based oscillator designed to track trend strength, detect divergences, and highlight potential take-profit zones using Bollinger Bands. It provides a clear visualization of market conditions to help traders identify trend shifts and exhaustion points.
The WaveTrend Oscillator consists of a smoothed momentum line (WT Line) and a signal line, which work together to indicate trend direction and possible reversals. When the WT Line crosses above the signal line, it suggests bullish momentum, while crossing below signals bearish momentum.
Candle colouring changes dynamically based on WaveTrend crossovers. If the WT Line crosses above the signal line, candles turn bullish. If the WT Line crosses below the signal line, candles turn bearish. This provides an immediate visual cue for trend direction.
Divergence Detection identifies when price action contradicts the WaveTrend movement.
Bullish Divergence appears when price makes a lower low, but the WT Line forms a higher low, suggesting weakening bearish pressure.
Bearish Divergence appears when price makes a higher high, but the WT Line forms a lower high, indicating weakening bullish pressure.
Plus (+) Divergences are stronger signals that occur when the first pivot of the divergence happens at an extreme level—above +60 for bearish divergence or below -60 for bullish divergence. These levels suggest the market is overbought or oversold, making the divergence more significant.
Bollinger Band Signals highlight potential take-profit zones by detecting when the WT Line moves beyond its upper or lower Bollinger Band.
If the WT Line crosses above the upper band, it signals stretched bullish momentum, suggesting a possible pullback or reversal.
If the WT Line crosses below the lower band, it indicates stretched bearish momentum, warning of a potential bounce.
How It Works
The WaveTrend momentum calculation is based on an EMA-smoothed moving average to filter out noise and provide a more reliable trend indication.
The WT Line (momentum line) fluctuates based on market momentum.
The signal line smooths out the WT Line to help identify trend shifts.
When the WT Line crosses above the signal line, it suggests buying pressure, and when it crosses below, it indicates selling pressure.
Divergences are detected by comparing pivot highs and lows in price with pivot highs and lows in the WT Line.
A pivot forms when a local high or low is confirmed after a certain number of bars.
The indicator tracks whether price action and the WT Line are making opposite movements.
If a divergence occurs and the first pivot was beyond ±60, it is marked as a Plus Divergence, making it a stronger reversal signal.
Bollinger Bands are applied directly to the WT Line instead of price, identifying when the WT Line moves outside its volatility range. This helps traders recognize when momentum is overstretched and a potential reversal or retracement is likely.
Settings
Channel Length (default: 8) controls the period used to calculate the WT Line.
Average Length (default: 16) smooths the WT Line for better trend detection.
Divergences (on/off) enables or disables divergence plotting.
Candle colouring (on/off) applies or removes trend-based candle colour changes.
Bollinger Band Signals (on/off) toggles take-profit signals when the WT Line crosses the bands.
Bullish/Bearish colours allow customization of divergence and signal colours.
Interpretation
The WaveTrend Oscillator helps traders assess market momentum and trend strength.
Crossovers between the WT Line and signal line indicate potential trend reversals.
Divergences warn of weakening momentum and possible reversals, with Plus Divergences acting as stronger signals.
Bollinger Band Crosses highlight areas where momentum is overstretched, signaling potential profit-taking opportunities.
在脚本中搜索"momentum"
Power Play Signal Indicator [Masky18]Power Play Signal Indicator
The Power Play Signal Indicator is a sophisticated custom trading strategy designed to identify high-probability breakout and breakdown opportunities by combining consolidation detection, trend alignment, volume analysis, and relative strength ranking. Unlike simple mashups of existing indicators, this script integrates multiple technical concepts into a cohesive strategy that helps traders capitalize on market momentum with precision.
What Makes This Indicator Unique?
The PowerPlay Signal Indicator is not just a combination of existing indicators; it is a custom-built strategy that uses original logic to filter out low-probability setups and focus on high-quality trading opportunities. Here’s how it works:
Consolidation Detection:
The script identifies consolidation zones by analyzing price action over a user-defined period (default: 6 bars). It calculates the high, low, and midpoint of the consolidation range and ensures the price stays within a specified percentage range (default: 13%).
Consolidations are classified as Tight, Loose, or Okay, helping traders gauge the strength of the potential breakout or breakdown.
Breakout & Breakdown Logic:
Breakouts and breakdowns are confirmed using a combination of:
Price Action: The script checks if the price closes above the consolidation high (breakout) or below the consolidation low (breakdown).
Volume Analysis: A significant volume spike (default: 20% increase) is required to confirm the move.
MACD & Moving Averages: The script uses MACD and moving averages (50-day and 200-day) to ensure the breakout/breakdown aligns with the prevailing trend.
Trend Alignment:
The script ensures trades are aligned with the long-term trend by using:
50-day SMA and 200-day SMA to confirm uptrends or downtrends.
150-day SMA as an additional filter to ensure the trend is strong.
52-week high/low conditions to ensure the price is in a favorable position relative to its historical range.
Relative Strength Ranking:
The script compares the asset’s performance against a benchmark asset (e.g., SPY) to ensure it is outperforming the market. This is done using a customizable Relative Strength (RS) Threshold (default: 70).
Golden Candle Signals:
For high-probability setups, the script identifies Golden Candles—strong breakout or breakdown candles with:
Large price movement (default: 7.5% to 12.5% candle size).
High volume (default: 2x the average consolidation volume).
Alignment with MACD and moving averages.
Risk Management:
The script provides stop loss, trailing stop, and take profit levels based on:
ATR (Average True Range): Dynamic stop loss levels are calculated using ATR (default: 14-period ATR with a 2x multiplier).
Trailing Stop Percentage: User-defined trailing stop (default: 2%).
Take Profit Percentage: User-defined take profit (default: 5%).
Performance Tracking:
The script includes a Performance Table that tracks:
Total breakouts and breakdowns.
Successful and failed trades.
Win rates for breakouts and breakdowns.
Golden candle signals.
How Does It Work?
The PowerPlay Signal Indicator combines the following key components to generate signals:
Consolidation Detection:
The script calculates the high, low, and midpoint of the consolidation range over a user-defined period.
It ensures the price stays within a specified percentage range (default: 13%) to confirm consolidation.
Breakout/Breakdown Confirmation:
A breakout is confirmed when:
The price closes above the consolidation high.
Volume increases by at least 20%.
MACD is positive and above the signal line.
The price is above the 50-day and 200-day SMAs.
A breakdown is confirmed when:
The price closes below the consolidation low.
Volume increases by at least 20%.
MACD is negative and below the signal line.
The price is below the 50-day and 200-day SMAs.
Golden Candle Signals:
Golden Candles are identified when:
The candle size is between 7.5% and 12.5%.
Volume is at least 2x the average consolidation volume.
The candle aligns with the prevailing trend and MACD.
Risk Management:
Stop loss levels are calculated using ATR (default: 14-period ATR with a 2x multiplier).
Trailing stop and take profit levels are based on user-defined percentages.
How to Use the Indicator
Input Parameters:
Consolidation Periods: Set the number of bars to analyze for consolidation (default: 6).
Maximum Consolidation Range: Define the maximum percentage range for consolidation (default: 13%).
Stop Loss Factor: Adjust the stop loss multiplier based on the midpoint of the consolidation range (default: 0.985).
RS Threshold: Set the relative strength threshold for trend alignment (default: 70).
Comparison Asset: Enable comparison with a benchmark asset (e.g., SPY) to ensure the asset is outperforming the market.
Trailing Stop Percentage: Set the trailing stop percentage (default: 2%).
Take Profit Percentage: Set the take profit percentage (default: 5%).
Time Exit Bars: Define the maximum number of bars to hold a trade (default: 10).
Interpreting Signals:
Breakout Signal: A green label ("BO") appears when a breakout is detected.
Breakdown Signal: A red label ("BD") appears when a breakdown is detected.
Golden Candle Signal: A gold medal icon (🥇) appears for high-probability setups.
Performance Table:
The performance table displays the number of trades, successful trades, failed trades, and win rates for breakouts and breakdowns.
Alerts:
Enable alerts for breakouts, breakdowns, and golden candles to stay informed about potential trading opportunities.
Why Choose the PowerPlay Signal Indicator?
Original Logic: Combines consolidation detection, trend alignment, volume analysis, and relative strength ranking into a unique strategy.
High-Probability Signals: Focuses on high-quality setups with strong volume and trend alignment.
Risk Management: Built-in stop loss, trailing stop, and take profit options help you manage risk effectively.
Performance Tracking: Tracks trade outcomes and win rates to help you refine your strategy.
Customizable: Fully adjustable inputs allow you to adapt the indicator to your trading style and market conditions.
ZenAlgo - QZenAlgo - Q
Description
ZenAlgo - Q is an oscillator based on the QQE (Quantitative Qualitative Estimation) method. This version incorporates refinements for additional visualization and interpretation options. It is designed to help traders observe momentum changes and divergence patterns in price movements.
Key Features
QQE-Based Calculation : Derived from the open-source QQE script by Glaz (Metastock Version of QQE), with modifications for alternative visualization.
Dual RSI-Based Analysis : Uses two RSI calculations to provide additional context on price movements.
Adaptive Trend Bands : Adjust dynamically based on the market conditions.
Divergence Identification : Highlights potential differences between price action and oscillator movement.
Dynamic Color Coding : Displays histogram bars to illustrate shifts in oscillator values.
Configurable Alerts : Enables notifications for specific oscillator conditions.
How It Works
The indicator calculates a smoothed RSI-based oscillator that tracks the relative strength of price movement. It applies an exponential moving average (EMA) smoothing to reduce noise while maintaining responsiveness.
Two adaptive bands are calculated using a variation of the QQE method, which helps define dynamic overbought and oversold conditions.
The histogram bars shift in color based on the position of the oscillator relative to the bands. Lighter shades indicate weaker momentum, while stronger momentum is represented by more saturated colors.
The script also includes a secondary RSI component, which provides an additional layer of analysis. This secondary RSI helps refine momentum trends by smoothing out short-term fluctuations.
Divergence identification is built-in, highlighting where price action deviates from oscillator readings. Bullish divergence occurs when price forms a lower low while the oscillator forms a higher low, and bearish divergence is identified when price forms a higher high while the oscillator forms a lower high.
The indicator does not generate buy or sell signals but instead provides contextual information that can be used alongside other trading strategies.
Use Cases
Trend Observation : Traders can use the histogram to observe whether momentum is strengthening or weakening over time. A shift in color can indicate a potential change in trend strength.
Divergence Analysis : By comparing oscillator divergence with price movement, traders can identify situations where price action may be losing momentum. Divergences do not guarantee reversals but can serve as an early warning to re-evaluate positions.
Momentum Tracking : The dual RSI structure allows users to monitor both short-term and long-term momentum. When both RSI components are aligned, it suggests a more stable trend, while divergence between them may indicate potential consolidation or trend shifts.
Supplementary Analysis : This indicator is best used as a supporting tool alongside volume-based or trend-following indicators. It helps visualize underlying price behavior but should not be used in isolation for decision-making.
Market Context Interpretation : The combination of adaptive bands and histogram visualization allows traders to assess how recent price action compares to historical movement, helping to place current conditions in a broader market context.
Attribution
This script is an adaptation of the open-source QQE script originally developed by Glaz. We acknowledge and appreciate the original author's work, which served as a foundation for our modifications.
Disclaimer
This indicator is intended for informational purposes only. It should not be interpreted as financial advice. Always conduct independent research and risk management before making trading decisions.
COT Trendfilter + SignalsCOT Trendfilter + Signals Indicator
Data Processing and Usage: The COT indicator processes Commitments of Traders (COT) data provided by the CFTC. Users can select from various participant groups, including Commercials, Large Speculators, and Small Speculators. However, it is important to note that the signal logic of the indicator is exclusively applicable to the net positions of Commercials. This is because Commercials tend to trade contrarily, meaning their trading decisions often run against the prevailing market trend.
Functionality of the Indicators
1. Cycle COT
The cCOT is an enhanced version of the classic RSI. It incorporates additional smoothing based on market vibrations, along with adaptive upper and lower bands based on cyclical memory. The cCOT uses the current dominant cycle length as input and highlights trading signals when the signal line crosses above or below the adaptive bands. Compared to the standard RSI, the cCOT responds more quickly to market movements.
For detailed information on the cCOT, please refer to Chapter 4 "Fine tuning technical indicators" in the book "Decoding the Hidden Market Rhythm, Part 1" by Lars von Thienen.
2. Adaptive Ultra-Smooth Momentum Indicator
The Adaptive Ultra-Smooth Momentum Indicator (CSI) provides an optimized momentum oscillator based on the current dominant cycle. It addresses three common issues with standard indicators: excessive false signals, signal delay, and the need for length adjustments. The CSI offers adaptive smoothing, zero delay, and accurate detection of turning points.
For further information about the CSI, please refer to Chapter 10 "Cycle Swing Indicator: Trading the swing of the dominant cycle" in the book "Decoding the Hidden Market Rhythm, Part 1" by Lars von Thienen.
Signals and Validation
The indicator generates various trading signals:
cCOT:
A buy signal is indicated by an airplane emoji (🛫), while a sell signal is marked by another airplane emoji (🛬).
COT Momentum:
A buy signal is shown by the symbol “∿” in green, while a sell signal is represented by the same symbol in red.
Standard COT Index (Willco):
A buy signal is depicted by a “B” (in green), while a sell signal is shown by an “S” (in red).
Additionally, the validity of the signals is checked. If a previous signal becomes invalid in the following week, it is marked with a gray “x,” indicating that these signals may not be reliable. Users can also switch between net positions, long, and short to analyze the most relevant data for them.
Background Color
The color in the channel can indicate the strength of the Commercials' long-term trend. A channel background color signals an active long-, short-term trend, while no color suggests that there is no clear long-term trend present.
Strange behavior
When only a sharp spike is displayed and the rest is flat, the length settings of the Cycle Length Index should be increased. This can occur when the length is too short, resulting in an unusual spike to properly generate the channel.
Disclaimer
The use of this indicator and the generated signals is at your own risk. The author assumes no responsibility for trading decisions made based on these signals. Please be aware that trading financial instruments involves risks.
Xtrender and TSI FusionXtrender and TSI Fusion Indicator
I created this indicator for myself. I was inspired by the indicators created by Bjorgum, Duyck and QuantTherapy and decided to create multiple indicators that either work well combined with their indicators or something new that applies some of their indicator concepts. I decided to share all of the indicator I have created because I believe in learning and earing together as a community. If you guys have any questions or suggestions write them.
Overview: The Xtrender and TSI Fusion Indicator is a powerful tool designed to help traders analyze market momentum, trends, and potential reversals. By combining Xtrender with the True Strength Index (TSI), this indicator provides a comprehensive view of market dynamics, making it easier to identify trading opportunities.
Image: Timeframe is set to daily
Features:
1.Xtrender Analysis:
Short-Term Xtrender: Visualizes short-term momentum using RSI-based calculations on EMA differences. This helps in identifying immediate market trends and pullbacks.
Image above: showcases Short-Term Xtrender
Xtrender T3: A smoothed version of the Xtrender that reduces noise and highlights significant trend changes.
Image above: showcases Xtrender T3 with Xtrender T3 color
2.TSI (True Strength Index):
TSI Value: Measures momentum by comparing price changes over two time periods, offering a clear view of trend strength.
TSI Signal Line: A smoothed version of the TSI value, used to generate buy and sell signals when crossed by the TSI.
Image: showcases TSI Value with TSI Signal Line
TSI Histogram: Shows the difference between the TSI and its signal line, highlighting potential reversals and trend continuations.
Image: showcases TSI Histogram
3.Color Coding and Visual Cues:
Trend Colors: The indicator uses dynamic colors to represent bullish or bearish conditions, making it easy to interpret market sentiment.
Background Color : The background changes color based on TSI signals, further aiding in visual trend analysis.
Image: showcases Background color and Zero line
How to Use
1.Xtrender Analysis:
Short-Term Xtrender: The short-term Xtrender is plotted as columns, changing color based on its direction and value. Green or lime indicates positive momentum, while red or maroon indicates negative momentum.
Xtrender T3: The Xtrender T3 line (black) represents a smoothed version of the short-term Xtrender, providing a clearer picture of the overall trend. The color of this line changes based on the Xtrender's value, helping you spot potential trend changes.
2.TSI (True Strength Index):
TSI Value and Signal Line: The TSI value is plotted as a line, with its color changing based on its relationship to the signal line. A crossover of the TSI above the signal line suggests a potential bullish move, while a crossover below indicates a bearish trend.
TSI Histogram: The histogram represents the difference between the TSI and its signal line. Positive values indicate bullish momentum, while negative values suggest bearish momentum.
3.Background Color:
The background color changes based on the TSI signal, with a greenish hue indicating bullish conditions and a reddish hue indicating bearish conditions. This provides a quick visual reference for market sentiment.
4.Zero Line:
A horizontal gray dotted line at the zero level helps you easily identify when the Xtrender or TSI crosses into positive or negative territory, signaling potential trend shifts.
Image above: Timeframe on daily with the individual elements combined
Example of Use:
•Trend Confirmation: Use the Xtrender and Xtrender T3 to confirm the direction of the trend. If both are aligned with the same color and direction, it increases the probability of a strong trend.
•Momentum Reversals: Watch for TSI crosses and histogram shifts to identify potential reversals. For example, a TSI crossover above its signal line with a corresponding change in the histogram from negative to positive could signal a buying opportunity.
•Pullbacks: Identify pullbacks within a trend by observing temporary shifts in the short-term Xtrender or TSI histogram. Use these signals to enter trades in the direction of the overall trend.
Image above: Showcases, Trend confirmation, reversal and pullbacks on daily timeframe.
Customization:
•TSI Speed: Choose between "Fast" and "Slow" TSI settings based on your trading style. Fast settings are more responsive to price changes, while slow settings offer smoother signals.
•Color Settings: Customize the colors for bullish, bearish, and neutral TSI conditions to match your personal preferences or chart theme.
This indicator is versatile and can be used for various trading strategies, from trend following to momentum trading, making it a valuable tool in any trader's arsenal.
My Scripts/Indicators/Ideas /Systems that I share are only for educational purposes
Momentum Alligator 4h Bitcoin StrategyOverview
The Momentum Alligator 4h Bitcoin Strategy is a trend-following trading system that operates on dual time frames. It utilizes the 1D Williams Alligator indicator to identify the prevailing major price trend and seeks trading opportunities on the 4-hour (4h) time frame when the momentum is turning up. The strategy is designed to close trades if the trend fails to develop or holding position if price continues increasing without any significant correction. Note that this strategy is specifically tailored for the 4-hour time frame.
Unique Features
2-layers market noise filtering system: Trades are only initiated in the direction of the 1D trend, determined by the Williams Alligator indicator. This higher time frame confirmation filters out minor trade signals, focusing on more substantial opportunities. At the same time, strategy has additional filter on 4h time frame with Awesome Oscillator which is showing the current price momentum.
Flexible Risk Management: The strategy exclusively opens long positions, resulting in fewer trades during bear markets. It incorporates a dynamic stop-loss mechanism, which can either follow the jaw line of the 4h Alligator or a user-defined fixed stop-loss. This flexibility helps manage risk and avoid non-trending markets.
Methodology
The strategy initiates a long position when the d-line of Stochastic RSI crosses up it's k-line. It means that there is a high probability that price momentum reversed from down to up. To avoid overtrading in potentially choppy markets, it skips the next two trades following a winning trade, anticipating sideways movement after a significant price surge.
This strategy has two layers trades filtering system: 4h and 1D time frames. The first one is awesome oscillator. It shall be increasing and value has to be higher than it's 5-period SMA. This is an additional confirmation that long trade is opened in the direction of the current momentum. As it was mentioned above, all entry signals are validated against the 1D Williams Alligator indicator. A trade is only opened if the price is above all three lines of the 1D Alligator, ensuring alignment with the major trend.
A trade is closed if the price hits the 4h jaw line of the Alligator or reaches the user-defined stop-loss level.
Risk Management
The strategy employs a combined approach to risk management:
It allows positions to ride the trend as long as the price continues to move favorably, aiming to capture significant price movements. It features a user-defined stop-loss parameter to mitigate risks based on individual risk tolerance. By default, this stop-loss is set to a 2% drop from the entry point, but it can be adjusted according to the trader's preferences.
Justification of Methodology
This strategy leverages Stochastic RSI on 4h time frame to open long trade when momentum started reversing to the upside. On the one hand, Stochastic RSI is one of the most sensitive indicator, which allows to react fast on the potential trend reversal. On the other hand, this indicator can be too sensitive and provide a lot of false trend changing signals. To eliminate this weakness we use two-layers trades filtering system.
The first layer is the 4h Awesome oscillator. This is less sensitive momentum indicator. Usually it starts increasing when price has already passed significant distance from the actual reversal point. The strategy opens long trade only is Awesome oscillator is increasing and above it's 5-period SMA. This approach increases the probability to filter the false signals during the choppy market or if the reversal is false.
The second layer filter is the Williams Alligator indicator on 1D time frame. The 1D Alligator serves as a filter for identifying the primary trend and increases probability to avoid the trades with low potential because trading against major trend usually is more risky. It's much better to catch the trend continuation than local bounce.
Last but not least feature of this strategy is close trades condition. It uses the flexible approach. First of all, user can set up the fixed stop-loss according to his own risk-tolerance, by default this value is 2% of price movement. It restricts the potential loss at the moment when trade has just been opened. Moreover strategy utilizes the 4h Williams Alligator's jaw line to exit the trade. If price fell below it trade is closed. This approach helps to not keep open trade if trend is not developing and hold it if price continues going up.
Backtest Results:
Operating window: Date range of backtests is 2021.01.01 - 2024.05.01. It is chosen to let the strategy to close all opened positions.
Commission and Slippage: Includes a standard Binance commission of 0.1% and accounts for possible slippage over 5 ticks.
Initial capital: 10000 USDT
Percent of capital used in every trade: 50%
Maximum Single Position Loss: -3.04%
Maximum Single Profit: +29.67%
Net Profit: +6228.01 USDT (+62.28%)
Total Trades: 118 (24.58% win rate)
Profit Factor: 1.71
Maximum Accumulated Loss: 1527.69 USDT (-11.52%)
Average Profit per Trade: 52.78 USDT (+0.89%)
Average Trade Duration: 60 hours
These results are obtained with realistic parameters representing trading conditions observed at major exchanges such as Binance and with realistic trading portfolio usage parameters.
How to Use:
Add the script to favorites for easy access.
Apply to the 4h timeframe desired chart (optimal performance observed on the BTC/USDT).
Configure settings using the dropdown choice list in the built-in menu.
Set up alerts to automate strategy positions through web hook with the text: {{strategy.order.alert_message}}
Disclaimer:
Educational and informational tool reflecting Skyrex commitment to informed trading. Past performance does not guarantee future results. Test strategies in a simulated environment before live implementation
Momentum Covariance Oscillator by TenozenWell, guess what? A new indicator is here! Again it's a coincidence, as I experiment with my formula. So far it's less noisy than Autoregressive Covariance Oscillator, so possibly this one is better. The formula is much simpler, care me to explain.
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Yt = close - previous average
Val = Yt/close
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Welp that's the formula lol. Funny thing is that it's so simple, but it's good! What matters is the use of it haha.
So how to use this Oscillator? If the value is above 0, we expect a bullish response, if the value is below 0 we expect a bearish response. That simple. Ciao.
(Any questions and suggestions? feel free to comment!)
Broadview Economic StudioThank you for taking the time to read this description. We'll be taking a look at the Broadview Economic Studio. This has been a work-in-progress for years and is a very powerful tool for planning trades with complex volume scaling strategies. We will be talking about many indicators and types of indicators used in the public domain, but it is NOT recommended to reverse engineer our scripts as there is quite a bit of logic in the code that works to make each common approach entirely unique. So although you may understand quite a bit about oscillators, the way they work with the rest of the logic within the script may change the way you know them to work from elsewhere.
In the chart snapshot above you'll see a mild configuration where I only had to tweak a few settings. Commissions are set to 0.1%, starting capital is set to $10,000, and slippage is off. In my tests orders came through less than a penny off. Generally speaking, there are really only two situations in which you should be concerned about slippage. The first is if you trade really low timeframe charts like the 1 second. This tool, while it works for any timeframe, is programmed on the 45 minute timeframe and works best there. The other situation in which you should be prepared for slippage is if you're using extremely high volume trades in the hundreds of thousands or millions depending on the market cap and liquidity of the asset you're studying. Large orders like that have to be split up among several deals and that can cause slippage.
There are 31 primary inputs for users to tweak. Each input is grouped within a module called a Suite. Each suite has a focus like filtering signals or strategically allocating volume according to your strategy. Everything starts with the Origin Suite. The Origin Suite is a group of inputs that generates Tops & Bottoms from price action. It uses math like Rate of Change, where one can specify a required rate of change before an Origin signal can be made, and users can specify how much lower in price a bar must be compared to previous bars. So with the Origin Suite, users can control how often they want to see originating signals and under what conditions they can appear.
We used to use WVF and CVI to produce top and bottom signals, but our Origin Suite works much better for systematically generating profitable configurations.
The triangles you see on the chart represent markers, potential signals, or Prop Signals as they're referred to within the script. The blue arrows represent trades where Prop Signals were allowed to pass as true long signals. There are two ways to ignore Prop Signals. You can filter the markers entirely, or you can reduce their volume scaling to the minimum which is usually $10 for most exchanges. We're first going to be talking about some of the primary DCA inputs before we talk about the technology we use to filter and overload signals.
Here are some important features found within the script:
Base Orders
Safety Orders
Take Profits
Change-Based Volume Scaling
Ignoring Low or Medium Changes
Overloading
Filtering
Alert Messages w/ Volume Scaling
Let's walk through each of these features in more depth.
The Base Order is the initial Long position within a series. It comes in first and is followed by all of its Safety Orders. The Base Order is set to $25 within the script by default. Keeping the base order low allows one to reserve more of their capital for Safety Orders that are lower within a dip, and thus, lower the user's Position Average. The primary feature of this script is to help users plan their volume scaling strategically, and this is where we start. It's this kind of due diligence and effort in protecting trades that makes this script unique.
So we start with a low Base Order. Then, we follow with a lot of Safety Orders. Typically in DCA this is done in consistent time intervals and in consistent amounts. So in regular DCA one may invest the same amount bi-weekly on pay day. They use the financial instrument as a sort of savings and average their position over their consistent investments. This is not where the bleeding edge of DCA is today though. In modern Doller Cost Averaging, I would expect to see signals and volume scaling based on logic.. as opposed to being consistent intervals.
This sets up the explanation of the primary means of volume scaling within the script. Mathematically, we start with the net balance. This is your specified starting balance plus any wins or losses. Users specify what % of their Available Balance they would like to start with when volume scaling. This percent of capital is then multiplied by a Safety Order Multiplier. The safety order multiplier is made up of a number specified by the user, multiplied by the number of the Safety Order you're on. So user's can control this equation/algorithm and scale their investments as the number of Safety Orders increases and drops in price become more opportune.
The Take Profit within the script lets users specify their desired ROI from a series. So if a user sets a 60% take profit, the script will set a price from the position average that when reached will give the user a 60% ROI for the series including its Base Order and all its Safety Orders.
Before moving on, let's talk about the amazing internal reporting found in the script. When you zoom in on the blue arrows, you can see each trade is accompanied by some extremely helpful information. This is just another feature that makes this script unique, it is the feature that gives us accurate reporting and ultimately allows us to connect with TradingView's Strategy Tester in a way that provides instant backtests with good merit. With this reporting not only can users get reports and information on trades made on different assets with different configurations, but user's can perform a deep dive on each configuration and know exactly what was going on for each trade. The first number is the number of the safety order the script is on. Remember, this is used in the primary volume scaling math. The second number is the amount the script spent on the current trade. The third number denotes the cumulative spending for the series. The final number displays the script's available balance at that time. With these numbers, the TradingView Strategy Tester, and the List of Trades feature, users can practice as much due diligence as they need during their studies.
Let's move on to talking about my favorite suite within the script, the Volume Scaling Suite. Here there are two primary means of controlling volume scaling. Although, in the near future there will be more.
In this suite you'll find Change-Based Volume Scaling and Position Average Volume Scaling. Position Average Volume Scaling is quite easy to explain. This feature only allows signals to pass if they are lower in price than your base order. In this way, users can apply most of their capital to trades that lower their position average. Simply having the money in the market can boost profits, but having a lower Position Average is the entire reason we DCA. Change-Based Volume Scaling is quite a bit more complex.
In theory, one could argue that every moment is a great moment to buy. It's just that some moments are more opportune than others. So it's not about perfect signals as much as it's about proper volume scaling.
Change-Based Volume Scaling allows us to set rules that dictate how much volume scaling is used based on the asset's current delta, or Rate of Change.
Using CBVS, one can downscale capital applied to signals with a low ROC, or simply ignore them. So if a signal comes in and the price hasn't changed very much then you can automatically use less volume for the trade. One can do the same thing for medium changes, and the user can specify what quantifies as a low or medium change. Users can give extra volume to signals with a greater rate of change, or overload signals with a high rate of change! So the CBVS feature gives users the ability to allocate volume based on logic rooted in the asset's rate of change. If a signal has dropped a lot in price, then generally, it is deserving of more capital and that's what makes this feature unique and so powerful.
There are two kinds of Overloading found in the script. There's overloading from CBVS, and then overloading from the 4 signal filtering suites. There's an important difference to note before we move on. Overloading performed by CBVS is based on ignored signals. So if you ignore low or medium change signals, and you have CBVS Overloading on, the script will allocate more capital to High Change signals. When signals are ignored, they are downscaled to $10. Whereas with the filtering suites, if a signal is filtered the Prop Signal triangle marker is removed entirely. The overloading in that scenario is simply applied to signals that aren't filtered. The reason it's done this way is because allowing ignored signals to still come in, with the lowest volume scaling possible, keeps the Safety Order count rising which works in the volume scaling math. This math is intrinsic to getting capital deep within dips and crashes.
So in future versions we may allow ignored signals to be filtered out entirely but for the time being, simply scaling them down to the lowest possible amount is what produces the best and most consistent configurations.
Let's talk about filtering signals, and the overloading provided within each filtering suite.
Here you can see our Overbought & Oversold Heatmap V3. This is a unique indicator that takes 15 common oscillators and visualizes them in a way that clearly denotes confluence. Looking at this indicator makes it easer to read cycles and trends. It is quite common for investors to base their entire scripts on one or more of the oscillators found within the OBOS Heatmap V3. So the OBOS Heatmap V3 is an awesome way to ensure your signals follow an oversold trend! The orange represents an oscillator being oversold, while the yellow represents it being overbought. Generally, when an asset is oversold it is a better time to buy. One can filter signals based on this information and use the Heatmap's unique ability to quantify confluences. In this script users can set a sensitivity and that sets the number of oscillators that must be in agreement before a signal is allowed to pass.
Here are the oscillators found within the OBOS Heatmap:
*Please keep in mind that although some of these oscillators may have big names, the code and math in the script may work differently than you're used to. This is because the code and math is changed quite a bit, and the overall intended functionality of the OBOS Heatmap has a larger scope than any one indicator. It's also important to note that the lengths for these oscillators are set low and are meant to classify the individual signal as either overbought or oversold, and not the entire period. So while the OBOS Heatmap is awesome for trends and cycles, it's ultimately meant to classify individual price bars as either overbought or oversold according to a consensus.*
Relative Strength Index
Money Flow Index
Commodity Channel Index
Aroon Oscillator
Relative Volatility Index
Fast Stochastic Detrended Price Oscillator
Fast Stochastic Elders Force Index
Fast Stochastic Relative Strength Index
Fast Stochastic Relative Vigor Index
Fast Stochastic Klinger Oscillator
Fast Stochastic Awesome Oscillator
Fast Stochastic Ultimate Oscillator
Fast Stochastic Chande Momentum Oscillator
Fast Stochastic On Balance Volume Oscillator
Fast Stochastic Moving Average Convergence/Divergence
Each band of the Overbought & Oversold Heatmap represents an oscillator. When it's orange it's said to be oversold. When it's yellow it's said to be overbought. The indicator turns purple during trends and reversals where it is neither overbought nor oversold. It can differentiate between uptrends and downtrends with differing colors of purple, but the OBOS Heatmap is not used for trends or cycles in this script. It is used to quantify oversold confluence.
Let's talk about the Dominance Suite.
First note in the top portion of the screenshot above, you will see various colors in the script. It replaces the price line with something we call Price Flow bars. So when you add the script it's best to make the stock price line invisible in TV settings. The Price Flow Bars use a preset EMA to color price action as being in either a downward momentum or upward momentum. The triangular signals represent dark teal for the initial long marker within a series, dark green for long orders and long signals that convert into safety orders, and light green for safety orders. This is more logic that makes this script really unique. The dark green initial long marker signals are rarely seen. You can find them at the beginning of a new series of signals and they work to establish when a new series of signals should begin. The dark green signals actually denote a long base order opportunity, but if a series has already started then these signals are converted into Safety Orders. The Safety Orders then come in light green, and red for Prop Shorts. Prop Shorts work with Initial Longs to establish the start of a new series. More on that math I cannot tell.
In the bottom half of the screenshot is the Dominance Suite itself. It's another one of the four filtering suites found in the script. It is made up of 7 oscillators that work to classify a price bar as being controlled by either the bears or the bulls. If a price bar is controlled by the bears it is said to be a better investment. The Dominance Suite works by applying a moving average to the balance of power. This is the way TradingView has intended the balance of power to be used, and works quite nicely in classifying individual price bars as either bearish or bullish. It's not an overall trend indicator as much as it states whether a bar is mostly controlled by the bears or the bulls.
Here are the oscillators found within the Dominance Suite:
SMA of BOP
EMA of BOP
HMA of BOP
WMA of BOP
VWMA of BOP
TEMA of BOP
LSMA of BOP
Within the script, there is an input for a negative threshold. When each of these 7 oscillators is in confluence and below this set threshold, the Prop Long will be allowed to pass as a real trade.
Keep in mind that each filtering suite also has the option to overload signals.
So not only can you filter signals based on these suites but you can also apply additional volume scaling to signals that don't get filtered.
Here we have the True Oscillator. The True Oscillator is a brand new oscillator. It's similar to things like the RSI or DPO, but technically speaking it considers many more factors into its average than other oscillators. It considers balance of power, sentiment, volume, momentum, gravity, and places special-strategic weighting on price data based on whether it's opening, closing, high, or low. If you stack the True Oscillator up with the RSI you'll notice right away they look similar, but each movement is quite different. Overall the movements are more balanced, the individual bars are more consistent with price data, and the swings are more clearly pronounced while simultaneously having a better register of strength in momentum. We use this indicator to filter and overload signals, to trade according to momentum, and to provide a 16th independent oscillator that can check the OBOS Heatmap without having to be confluent.
The final filtering suite is based on Net Volume. It classifies signals as oversold when there is a significant negative trend in net volume. If Net Volume is under 0, and trends downward for either 3, 4, or 5 bars in a row then it will mark a signal as oversold and allow it to pass. Then, if overloading for this suite is turned on it will allocate more volume to signals it does not filter out.
There is a lot that can be said about this strategy. The primary takeaway though is that it's not just one strategy. It's a tool for everyone, to help them plan their approach to different assets in different market climates. This tool can help you study current market conditions. It can allow you to plan a strategic approach to market segments, and see how your strategy would fare if new market data performed similarly. It's not just one strategy, but more of a strategy printer.
The Origin Suite allows users to plan the positioning of their signals. The Overbought & Oversold Suite allows users to filter their signals based on whether or not they are oversold. The Dominance Suite allows users to filter signals based on whether the market is being controlled by the bears or the bulls. The True Oscillator gives users the ability to filter signals based on a deep and powerful momentum oscillator. The Net Volume Suite lets users filter signals based on volume trends. When signals are filtered, signals that pass, can be overloaded with additional volume scaling. Features like Change-Based Volume Scaling and Position Average Volume Scaling give users plenty of inputs to create complex volume scaling strategies. Common-sense DCA inputs allow users to scale into markets the way pros do.
The Broadview Economic Studio is a powerful tool for planning trades with complex volume scaling strategies.
Users can plan their approach to different kinds of markets. They can link the script with their bot or broker like 3Commas, and the script will automatically send the correct volume scaling through to the bot.
Thank you for your time, and for reading the description of the Broadview Economic Studio.
QZMOM & ADX PRO+The Momentum Squeeze Indicator is a momentum oscillator that indicates how explosively the price will move. Its first known version was called "TTM Squeeze" by John Carter explained in his book "Mastering the Trade" (chapter 11) and popularized in TradingView by a developer named LazyBear.
The black crosses on the center line show that the market has just entered a consolidation. This means low volatility, the market is preparing for an explosive move (up or down). The gray crosses mean the "Squeeze". Carter suggests waiting until the first gray after a black cross and taking a position in the direction of the oscillator. For its part, LazyBear recommends using an additional indicator such as ADX to improve the effectiveness of entry points and position closures.
Oscillator understanding improvements:
During the indicator creation process we were able to better understand the logic of the oscillator and based on that knowledge we implemented improvements.
Oscillator development improvements:
Side panel:
The ADX algorithm was incorporated, which is displayed numerically on the right panel of the indicator, shows the value of ADX and its directionality.
Added an arrow pointer to indicate oscillator directionality.
Two exponential moving averages of 11 and 55 periods have been added to the right panel, this will mark if the trend is bullish or bearish depending on the crossover of the EMAs.
An indicator of the Indicator Squeeze was also included, which marks the periods of price consolidation (OFF) and the periods in which the price should react explosively.
Added a feature that allows automatic color changing of the panels based on the color of the oscillator and the ADX.
o ADX: Dark green (bullish force).
o ADX: Light green (loss of bullish strength).
o ADX: Dark red (bearish force).
o ADX: Light red (loss of bearish strength).
o ADX: Orange (loss of strength, disinterest and low volume).
Signs:
A very famous strategy that we have learned is that of the trading expert Jaime Merino, who by combining the Momentum Squeeze Indicator and a ADX común, logró vincular eficientemente la debilidad del ADX con el inicio de un momentum alcista o bajista. La parametrización de su estrategia se señaló en alertas de compra y venta, que se representan de la siguiente manera:
B (Comprar): se activa cuando un movimiento bajista marcado por el ADX (pendiente negativa) termina y el oscilador toma direccionalidad alcista (impulso alcista).
S (Vender): se activa cuando un movimiento alcista marcado por el ADX (pendiente negativa) termina y el oscilador toma direccionalidad bajista (momentum bajista).
Filter:
To prevent any trader from trading against the trend, a filter was added that limits bearish entry alerts when the trend is up and vice versa, that is, when the EMA 10 is above the EMA 55, it is understood that the trend is up in that time frame, therefore bearish entry alerts will not be triggered. It will be the decision of each trader to activate or deactivate this function.
Alerts:
This is without a doubt the most awaited function for all Latin American traders, (Just kidding), but being aware, I am very proud of the implementation of alerts for each improvement made to this indicator, if you decide to use the Momentum Squeeze Indicator you can automate alerts for the following actions:
Buy and sell alerts.
Alerts to activate the Squeeze to (ON).
Oscillator quadrant change alerts
or bullish momentum.
or bearish momentum.
o Bullish force.
o Bearish force.
Recommendations:
One of the things that became clearer in the development of this indicator is the coloring of the dials, which is why we recommend the use of four colors, one for each oscillator grid.
Waverider [Loxx]Waverider is a momentum strategy that probes historical data to find the optimal entries based on measures of volatility and gaussian adaptive filtering. To accomplish this, after each successful trade, XX trades will be skipped until a specific loss count is achieved after which the strategy will activate again, searching for the next trade.
Features
Select long/short profit target and stoploss by %
Skip weekends
Toggle on/off adaptive divergence detection and forced exit
Momentum ArrowsThis simple indicators paints the Momentum based on Stochastic, RSI or WaveTrend onto the Price Chart by showing Green or Red arrows.
In the settings it can be selected which indicator is used, Stochastic is selected by default.
Length of the arrows is determined by the strength of the momentum:
Stochastic: Difference between D and K
RSI: Difference from RSI-50
WaveTrend: Difference between the Waves
(Thanks to @LazyBear for the WaveTrend inspiration)
PS:
If anyone has an idea how to conditionally change the color of the arrows, then please let me know - that would be the icing on the cake. Then it would be possible to indicate Overbought/Oversold levels with different colors.
Unfortunately it currently seems not to be possible to dynamically change the arrow colour.
Top Goon X
Momentum based indicator
various signals for various parameters
bull/bear divergence will be seen as the dots with blue being bearish and yellow being bullish
the red X and green + are top and bottom signals per TGX
white flag appears respectably on top and bottom when all parameters are met bullshly or bearishly
Watch for TGX to reset while it rest just under resistance for a bullish set up
or
for TGX to run while sitting on top of support for bearish set up
TGX will trend in the upper parallel when bullish and bottom when bearish
towards the end of the trend is when you will see TGX "reset" for one last push up, albeit that push can run as long as it the market wants
@satoshiiheavy
Technical Analysis for www.cryptocurrentlyvip.com
GTOGTO is a easy to understand and use script
it just uses candle closes and other variables to gauge momentum that is then plotted on top of the chart
teal = bullish
salmon = bearish
you want them plotting while in your desired trade, if you are long and bearishness starts showing may be good toexit vise versa
Red X is BULL fatigue or can other wise be seen as bearish
Green X is the opposite
@satoshiiheavy
Technical Analyst for www.cryptcurrentlyvip.com
Momentum Engine: Stage AnalysisOverview: This dashboard is a comprehensive momentum analysis tool designed for the Indian stock market (adaptable to others). It evaluates a stock's health by analyzing its trend structure, relative strength against a benchmark, volume activity, and price volatility.
Dashboard Metrics & Interpretation: Each row in the dashboard provides a specific diagnostic check for the stock.
Trend Structure: Identifies the current phase of the stock's life cycle.
✅ Power Trend (Stage 2): The strongest bullish signal. The stock is in a confirmed uptrend indicating powerful momentum.
⚠️ Stage 2 (Developing): The stock price is rising, but the momentum alignment is not yet perfect. It is positive but may be in the early stages or correcting.
❌ Mixed / Stage 4: The stock is either in a downtrend (falling price) or moving sideways without clear direction. It is technically weak.
RS vs BenchmarkCompares the stock's performance against a selected market index (e.g., Nifty 50, Sensex, Smallcap).
💪 Beating : The stock is outperforming the market. Even if the market is flat, this stock is rising. This indicates market leadership.
⚠️ Lagging : The stock is underperforming. It is weaker than the general market, suggesting a lack of institutional interest.
Tightness (VCP) Checks if the price action is "tightening" (Volatility Contraction Pattern).
✅ Tight (VCP): The price swings are getting smaller and calmer. This "calm before the storm" often precedes a major breakout.
❌ Loose: The price action is wide and choppy. The stock is "noisy," making it difficult to manage risk effectively.
The Final Verdict: The "Verdict" synthesizes all metrics into a single actionable status.Verdict 🚀 A+ BREAKOUT🟩 Green: The Perfect Setup. The stock is in a Power Trend, beating the market, has tightened up (VCP), and is sitting just below the breakout point. High probability.
💪 VOL MOMENTUM🟦 Blue High Velocity. The stock has strong trend and volume but might be imperfect (e.g., a bit loose or volatile). Suitable for aggressive traders riding momentum.👀
WATCH LIST🟧 Orange Getting Ready. The stock has a great structure but is not ready to buy yet (e.g., price is too far from the pivot). Keep it on your radar.
WAIT⬜ Gray No Setup. The stock is weak, lagging, or broken. Ignore it for now.
⚠️ WARNING & DISCLAIMER
Trading involves substantial risk of loss. This tool is a technical analysis aid only and does not guarantee future performance.
No Guarantees: A "Power Trend" or "A+ Breakout" signal does not ensure the stock will rise. Market conditions can change instantly due to news, earnings, or global events.
Not Financial Advice: This script is for educational and analytical purposes only. It is not a recommendation to buy or sell any specific security.
Use Caution: Always perform your own research (DYOR) and use strict risk management (Stop Losses) regardless of what the indicator says. The indicator is based on historical data, which may not predict future movements.
BIG Professional Relative Rotation GraphPROFESSIONAL RELATIVE ROTATION GRAPH (RRG)
SUMMARY
The Professional Relative Rotation Graph (RRG) is a powerful charting tool that visualizes the **relative strength** and **momentum** of multiple assets (currencies, commodities, or sectors) compared to a benchmark on a single quadrant chart. This overlay is discreetly displayed in the top-left corner of your chart, enabling a fast, visual assessment of market and sector trends.
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HOW THE RRG WORKS
The RRG uses two key metrics:
1. Relative Strength (RS-Ratio): Measures an asset's long-term performance relative to the benchmark (X-Axis). Values above 100 indicate outperformance.
2. Relative Momentum (RS-Momentum): Measures the short-term rate of change in relative strength (Y-Axis). Values above 100 indicate rising momentum.
THE FOUR QUADRANTS
The asset's position shows its current market phase.
* LEADING: Outperforming in strength and rising momentum (Bullish).
* WEAKENING: Outperforming in strength, but falling momentum (Caution).
* LAGGING: Underperforming in strength and falling momentum (Bearish).
* IMPROVING: Underperforming in strength, but rising momentum (Recovery).
AREAS OF APPLICATION
Select the desired RRG Type via the inputs:
* Forex RRG: Compares currencies relative to the DXY.
* Commodity RRG: Compares commodities relative to the DJP.
* Equity Sectors RRG: Compares US sectors relative to the SPY.
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USAGE NOTES (MAX 8 LINES)
The RRG tracks rotation of assets through the quadrants.
1. Ideal Entry: Look for the rotation: Lagging → Improving → Leading.
2. Ideal Exit/Short: Look for the rotation: Leading → Weakening → Lagging.
3. Positions are always relative to the benchmark (DXY, SPY, or DJP).
4. The RRG Type input switches between asset groups.
5. Use Zoom Factor to better distinguish closely clustered assets.
6. Trail Points confirm the current direction of the asset's movement.
momentum spread strategy ilkerThis script is the opposite of a traditional mean-reversion pairs trading strategy. It is a "Cointegration Breakdown" or "Momentum Divergence" tool.
Instead of betting on a spread's Z-Score to revert to 0, this strategy is designed to identify when the statistical relationship (the "elastic band") has snapped. It then provides signals to trade with the momentum as the spread diverges.
It filters for true breakouts by waiting for a "Momentum Regime," which is confirmed only when the pair's relationship becomes statistically unstable.
## 📈 Key Features
1. The Momentum Regime (Blue Background)
This is the core of the indicator. The background turns BLUE to signal a "Momentum Regime". This is the only time you should look for a momentum trade.
The blue background activates only if TWO conditions are met simultaneously:
• 1. Relationship Instability: The pair's relationship is broken. This is confirmed when either the rolling Correlation Z-Score (purple line) breaks down OR the Volatility Ratio (orange line) becomes unstable.
• 2. Divergence Confirmation: The Half-Life calculation (from our v2.8 script) shows "N/A (Divergent)" in the dashboard. This mathematically confirms the mean-reverting force (\lambda) is gone (it has turned positive) and the spread is statistically diverging.
If the background is GRAY, the script is in a "Neutral" or "Mean-Reversion" state, and all momentum signals should be ignored.
2. Momentum Breakout Signals
This strategy inverts the Z-Score logic. The 0-line is not a profit target; it is the breakout line.
• BUY Signal (Blue Triangle ▲): Appears only if the background is BLUE and the Z-Score (blue line) crosses ABOVE 0. This is your long momentum entry.
• SELL Signal (Fuchsia Triangle ▼): Appears only if the background is BLUE and the Z-Score crosses BELOW 0. This is your short momentum entry.
3. Built-in Trade Management
• Take Profit (X Cross): Your profit target is the outer band. The script plots an 'X' when the Z-Score hits the +2.0 band (for longs) or the -2.0 band (for shorts).
• Stop Loss (X Cross): Your stop is a failure of the momentum. The script plots an 'X' if the Z-Score re-crosses the 0-line against your trade.
4. Full Quant Dashboard
All the statistical components are plotted for analysis:
• Price Z-Score (Blue Line): Your primary momentum indicator.
• Z-Score Correlation (Purple Line): Lets you visually confirm the correlation breakdown.
• Volatility Ratio (Orange Line): Lets you visually confirm the volatility spike.
• Half-Life Dashboard: Confirms the regime by showing "N/A (Divergent)".
## 🛠 How to Use (Required Setup)
IMPORTANT: This indicator is designed to run on a spread chart (e.g., M2K/MES or MGC/SIL).
1. Load your spread chart first (e.g., type M2K/MES in the ticker bar).
2. Add this indicator to the chart.
3. Go into the indicator's Settings (⚙).
4. In the "Inputs" tab, you MUST fill in the two individual tickers:
• Ticker du Symbole 1 (REQUIS): M2K
• Ticker du Symbole 2 (REQUIS): MES
5. The script uses these two inputs to calculate the Volatility and Correlation filters. The main Z-Score is calculated from the spread chart itself.
This tool is for traders who want to capture explosive divergence moves that happen during fundamental news or regime changes, while filtering out the "noise" of stable, mean-reverting periods.
Momentum Quant Spread IlkerThis script is the opposite of a traditional mean-reversion pairs trading strategy. It is a "Cointegration Breakdown" or "Momentum Divergence" tool.
Instead of betting on a spread's Z-Score to revert to 0, this strategy is designed to identify when the statistical relationship (the "elastic band") has snapped. It then provides signals to trade with the momentum as the spread diverges.
It filters for true breakouts by waiting for a "Momentum Regime," which is confirmed only when the pair's relationship becomes statistically unstable.
## 📈 Key Features
1. The Momentum Regime (Blue Background)
This is the core of the indicator. The background turns BLUE to signal a "Momentum Regime". This is the only time you should look for a momentum trade.
The blue background activates only if TWO conditions are met simultaneously:
• 1. Relationship Instability: The pair's relationship is broken. This is confirmed when either the rolling Correlation Z-Score (purple line) breaks down OR the Volatility Ratio (orange line) becomes unstable.
• 2. Divergence Confirmation: The Half-Life calculation (from our v2.8 script) shows "N/A (Divergent)" in the dashboard. This mathematically confirms the mean-reverting force (\lambda) is gone (it has turned positive) and the spread is statistically diverging.
If the background is GRAY, the script is in a "Neutral" or "Mean-Reversion" state, and all momentum signals should be ignored.
2. Momentum Breakout Signals
This strategy inverts the Z-Score logic. The 0-line is not a profit target; it is the breakout line.
• BUY Signal (Blue Triangle ▲): Appears only if the background is BLUE and the Z-Score (blue line) crosses ABOVE 0. This is your long momentum entry.
• SELL Signal (Fuchsia Triangle ▼): Appears only if the background is BLUE and the Z-Score crosses BELOW 0. This is your short momentum entry.
3. Built-in Trade Management
• Take Profit (X Cross): Your profit target is the outer band. The script plots an 'X' when the Z-Score hits the +2.0 band (for longs) or the -2.0 band (for shorts).
• Stop Loss (X Cross): Your stop is a failure of the momentum. The script plots an 'X' if the Z-Score re-crosses the 0-line against your trade.
4. Full Quant Dashboard
All the statistical components are plotted for analysis:
• Price Z-Score (Blue Line): Your primary momentum indicator.
• Z-Score Correlation (Purple Line): Lets you visually confirm the correlation breakdown.
• Volatility Ratio (Orange Line): Lets you visually confirm the volatility spike.
• Half-Life Dashboard: Confirms the regime by showing "N/A (Divergent)".
## 🛠 How to Use (Required Setup)
IMPORTANT: This indicator is designed to run on a spread chart (e.g., M2K/MES or MGC/SIL).
1. Load your spread chart first (e.g., type M2K/MES in the ticker bar).
2. Add this indicator to the chart.
3. Go into the indicator's Settings (⚙).
4. In the "Inputs" tab, you MUST fill in the two individual tickers:
• Ticker du Symbole 1 (REQUIS): M2K
• Ticker du Symbole 2 (REQUIS): MES
5. The script uses these two inputs to calculate the Volatility and Correlation filters. The main Z-Score is calculated from the spread chart itself.
This tool is for traders who want to capture explosive divergence moves that happen during fundamental news or regime changes, while filtering out the "noise" of stable, mean-reverting periods.
Luxy Adaptive MA Cloud - Trend Strength & Signal Tracker V2Luxy Adaptive MA Cloud - Professional Trend Strength & Signal Tracker
Next-generation moving average cloud indicator combining ultra-smooth gradient visualization with intelligent momentum detection. Built for traders who demand clarity, precision, and actionable insights.
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WHAT MAKES THIS INDICATOR SPECIAL?
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Unlike traditional MA indicators that show static lines, Luxy Adaptive MA Cloud creates a living, breathing visualization of market momentum. Here's what sets it apart:
Exponential Gradient Technology
This isn't just a simple fill between two lines. It's a professionally engineered gradient system with 26 precision layers using exponential density distribution. The result? An organic, cloud-like appearance where the center is dramatically darker (15% transparency - where crossovers and price action occur), while edges fade gracefully (75% transparency). Think of it as a visual "heat map" of trend strength.
Dynamic Momentum Intelligence
Most MA clouds only show structure (which MA is on top). This indicator shows momentum strength in real-time through four intelligent states:
- 🟢 Bright Green = Explosive bullish momentum (both MAs rising strongly)
- 🔵 Blue = Weakening bullish (structure intact, but momentum fading)
- 🟠 Orange = Caution zone (bearish structure forming, weak momentum)
- 🔴 Deep Red = Strong bearish momentum (both MAs falling)
The cloud literally tells you when trends are accelerating or losing steam.
Conditional Performance Architecture
Every calculation is optimized for speed. Disable a feature? It stops calculating entirely—not just hidden, but not computed . The 26-layer gradient only renders when enabled. Toggle signals off? Those crossover checks don't run. This makes it one of the most efficient cloud indicators available, even with its advanced visual system.
Zero Repaint Guarantee
All signals and momentum states are based on confirmed bar data only . What you see in historical data is exactly what you would have seen trading live. No lookahead bias. No repainting tricks. No signals that "magically" appear perfect in hindsight. If a signal shows in history, it would have triggered in real-time at that exact moment.
Educational by Design
Every single input includes comprehensive tooltips with:
- Clear explanations of what each parameter does
- Practical examples of when to use different settings
- Recommended configurations for scalping, day trading, and swing trading
- Real-world trading impact ("This affects entry timing" vs "This is visual only")
You're not just getting an indicator—you're learning how to use it effectively .
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THE GRADIENT CLOUD - TECHNICAL DETAILS
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Architecture:
26 precision layers for silk-smooth transitions
Exponential density curve - layers packed tightly near center (where crossovers happen), spread wider at edges
75%-15% transparency range - center is highly opaque (15%), edges fade gracefully (75%)
V-Gradient design - emphasizes the action zone between Fast and Medium MAs
The Four Momentum States:
🟢 GREEN - Strong Bullish
Fast MA above Medium MA
Both MAs rising with momentum > 0.02%
Action: Enter/hold LONG positions, strong uptrend confirmed
🔵 BLUE - Weak Bullish
Fast MA above Medium MA
Weak or flat momentum
Action: Caution - bullish structure but losing strength, consider trailing stops
🟠 ORANGE - Weak Bearish
Medium MA above Fast MA
Weak or flat momentum
Action: Warning - bearish structure developing, consider exits
🔴 RED - Strong Bearish
Medium MA above Fast MA
Both MAs falling with momentum < -0.02%
Action: Enter/hold SHORT positions, strong downtrend confirmed
Smooth Transitions: The momentum score is smoothed using an 8-bar EMA to eliminate noise and prevent whipsaws. You see the true trend , not every minor fluctuation.
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FLEXIBLE MOVING AVERAGE SYSTEM
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Three Customizable MAs:
Fast MA (default: EMA 10) - Reacts quickly to price changes, defines short-term momentum
Medium MA (default: EMA 20) - Balances responsiveness with stability, core trend reference
Slow MA (default: SMA 200, optional) - Long-term trend filter, major support/resistance
Six MA Types Available:
EMA - Exponential; faster response, ideal for momentum and day trading
SMA - Simple; smooth and stable, best for swing trading and trend following
WMA - Weighted; middle ground between EMA and SMA
VWMA - Volume-weighted; reflects market participation, useful for liquid markets
RMA - Wilder's smoothing; used in RSI/ADX, excellent for trend filters
HMA - Hull; extremely responsive with minimal lag, aggressive option
Recommended Settings by Trading Style:
Scalping (1m-5m):
Fast: EMA(5-8)
Medium: EMA(10-15)
Slow: Not needed or EMA(50)
Day Trading (5m-1h):
Fast: EMA(10-12)
Medium: EMA(20-21)
Slow: SMA(200) for bias
Swing Trading (4h-1D):
Fast: EMA(10-20)
Medium: EMA(34-50)
Slow: SMA(200)
Pro Tip: Start with Fast < Medium < Slow lengths. The gradient works best when there's clear separation between Fast and Medium MAs.
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CROSSOVER SIGNALS - CLEAN & RELIABLE
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Golden Cross ⬆ LONG Signal
Fast MA crosses above Medium MA
Classic bullish reversal or trend continuation signal
Most reliable when accompanied by GREEN cloud (strong momentum)
Death Cross ⬇ SHORT Signal
Fast MA crosses below Medium MA
Classic bearish reversal or trend continuation signal
Most reliable when accompanied by RED cloud (strong momentum)
Signal Intelligence:
Anti-spam filter - Minimum 5 bars between signals prevents noise
Clean labels - Placed precisely at crossover points
Alert-ready - Built-in ALERTS for automated trading systems
No repainting - Signals based on confirmed bars only
Signal Quality Assessment:
High-Quality Entry:
Golden Cross + GREEN cloud + Price above both MAs
= Strong bullish setup ✓
Low-Quality Entry (skip or wait):
Golden Cross + ORANGE cloud + Choppy price action
= Weak bullish setup, likely whipsaw ✗
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REAL-TIME INFO PANEL
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An at-a-glance dashboard showing:
Trend Strength Indicator:
Visual display of current momentum state
Color-coded header matching cloud color
Instant recognition of market bias
MA Distance Table:
Shows percentage distance of price from each enabled MA:
Green rows : Price ABOVE MA (bullish)
Red rows : Price BELOW MA (bearish)
Gray rows : Price AT MA (rare, decision point)
Distance Interpretation:
+2% to +5%: Healthy uptrend
+5% to +10%: Getting extended, caution
+10%+: Overextended, expect pullback
-2% to -5%: Testing support
-5% to -10%: Oversold zone
-10%+: Deep correction or downtrend
Customization:
4 corner positions
5 font sizes (Tiny to Huge)
Toggle visibility on/off
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HOW TO USE - PRACTICAL TRADING GUIDE
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STRATEGY 1: Trend Following
Identify trend : Wait for GREEN (bullish) or RED (bearish) cloud
Enter on signal : Golden Cross in GREEN cloud = LONG, Death Cross in RED cloud = SHORT
Hold position : While cloud maintains color
Exit signals :
• Cloud turns ORANGE/BLUE = momentum weakening, tighten stops
• Opposite crossover = close position
• Cloud turns opposite color = full reversal
STRATEGY 2: Pullback Entries
Confirm trend : GREEN cloud established (bullish bias)
Wait for pullback : Price touches or crosses below Fast MA
Enter when : Price rebounds back above Fast MA with cloud still GREEN
Stop loss : Below Medium MA or recent swing low
Target : Previous high or when cloud weakens
STRATEGY 3: Momentum Confirmation
Your setup triggers : (e.g., chart pattern, support/resistance)
Check cloud color :
• GREEN = proceed with LONG
• RED = proceed with SHORT
• BLUE/ORANGE = skip or reduce size
Use gradient as confluence : Not as primary signal, but as momentum filter
Risk Management Tips:
Never enter against the cloud color (don't LONG in RED cloud)
Reduce position size during BLUE/ORANGE (transition periods)
Place stops beyond Medium MA for swing trades
Use Slow MA (200) as final trend filter - don't SHORT above it in uptrends
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PERFORMANCE & OPTIMIZATION
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Tested On:
Crypto: BTC, ETH, major altcoins
Stocks: SPY, AAPL, TSLA, QQQ
Forex: EUR/USD, GBP/USD, USD/JPY
Indices: S&P 500, NASDAQ, DJI
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TRANSPARENCY & RELIABILITY
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Educational Focus:
Detailed tooltips on every input
Clear documentation of methodology
Practical examples in descriptions
Teaches you why , not just what
Open Logic:
Momentum calculation: (Fast slope + Medium slope) / 2
Smoothing: 8-bar EMA to reduce noise
Thresholds: ±0.02% for strong momentum classification
Everything is transparent and explainable
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COMPLETE FEATURE LIST
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Visual Components:
26-layer exponential gradient cloud
3 customizable moving average lines
Golden Cross / Death Cross labels
Real-time info panel with trend strength
MA distance table
Calculation Features:
6 MA types (EMA, SMA, WMA, VWMA, RMA, HMA)
Momentum-based cloud coloring
Smoothed trend strength scoring
Conditional performance optimization
Customization Options:
All MA lengths adjustable
All colors customizable (when gradient disabled)
Panel position (4 corners)
Font sizes (5 options)
Toggle any feature on/off
Signal Features:
Anti-spam filter (configurable gap)
Clean, non-overlapping labels
Built-in alert conditions
No repainting guarantee
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IMPORTANT DISCLAIMERS
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This indicator is for educational and informational purposes only
Not financial advice - always do your own research
Past performance does not guarantee future results
Use proper risk management - never risk more than you can afford to lose
Test on paper/demo accounts before using with real money
Combine with other analysis methods - no single indicator is perfect
Works best in trending markets; less effective in choppy/sideways conditions
Signals may perform differently in different timeframes and market conditions
The indicator uses historical data for MA calculations - allow sufficient lookback period
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CREDITS & TECHNICAL INFO
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Version: 2.0
Release: October 2025
Special Thanks:
TradingView community for feedback and testing
Pine Script documentation for technical reference
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SUPPORT & UPDATES
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Found a bug? Comment below with:
Ticker symbol
Timeframe
Screenshot if possible
Steps to reproduce
Feature requests? I'm always looking to improve! Share your ideas in the comments.
Questions? Check the tooltips first (hover over any input) - most answers are there. If still stuck, ask in comments.
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Happy Trading!
Remember: The best indicator is the one you understand and use consistently. Take time to learn how the cloud behaves in different market conditions. Practice on paper before going live. Trade smart, manage risk, and may the trends be with you! 🚀
Momentum Breakout StrategyBacktest a strategy where, when a candlestick on a timeframe rises more than a certain %, it enters a trade.
Momentum_EMABand📢 Reposting Notice
I am reposting this script because my earlier submission was hidden due to description requirements under TradingView’s House Rules. This updated version fully explains the originality, the reason for combining these indicators, and how they work together. Follow me for future updates and refinements.
🆕 Momentum EMA Band, Rule-Based System
Momentum EMA Band is not just a mashup — it is a purpose-built trading tool for intraday traders and scalpers that integrates three complementary technical concepts into a single rules-based breakout & retest framework.
Originality comes from the specific sequence and interaction of these three filters:
Supertrend → Sets directional bias.
EMA Band breakout with retest logic → Times precise entries.
ADX filter → Confirms momentum strength and avoids noise.
This system is designed to filter out weak setups and false breakouts that standalone indicators often fail to avoid.
🔧 How the Indicator Works — Combined Logic
1️⃣ EMA Price Band — Dynamic Zone Visualization
Plots upper & lower EMA bands (default: 9-period EMA).
Green Band → Price above upper EMA = bullish momentum
Red Band → Price below lower EMA = bearish pressure
Yellow Band → Price within band = neutral zone
Acts as a consolidation zone and breakout trigger level.
2️⃣ Supertrend Overlay — Reliable Trend Confirmation
ATR-based Supertrend adapts to volatility:
Green Line = Uptrend bias
Red Line = Downtrend bias
Ensures trades align with the prevailing trend.
3️⃣ ADX-Based No-Trade Zone — Choppy Market Filter
Manual ADX calculation (default: length 14).
If ADX < threshold (default: 20) and price is inside EMA Band → gray background marks low-momentum zones.
🧩 Why This Mashup Works
Supertrend confirms trend direction.
EMA Band breakout & retest validates the breakout’s strength.
ADX ensures the market has enough trend momentum.
When all align, entries are higher probability and whipsaws are reduced.
📈 Example Trade Walkthrough
Scenario: 5-minute chart, ADX threshold = 20.
Supertrend turns green → trend bias is bullish.
Price consolidates inside the yellow EMA Band.
ADX rises above 20 → trend momentum confirmed.
Price closes above the green EMA Band after retesting the band as support.
Entry triggered on candle close, stop below band, target based on risk-reward.
Exit when Supertrend flips red or ADX momentum drops.
This sequence prevents premature entries, keeps trades aligned with trend, and avoids ranging markets.
🎯 Key Features
✅ Multi-layered confirmation for precision trading
✅ Built-in no-trade zone filter
✅ Fully customizable parameters
✅ Clean visuals for quick decision-making
⚠ Disclaimer: This is Version 1. Educational purposes only. Always use with risk management.
MomentumSync-PSAR: RSI·ADX Filtered 3-Tier Exit StrategyTriSAR-E3 is a precision swing trading strategy designed to capitalize on early trend reversals using a Triple Confirmation Model. It triggers entries based on an early Parabolic SAR bullish flip, supported by RSI strength and ADX trend confirmation, ensuring momentum-backed participation.
Exits are tactically managed through a 3-step staged exit after a PSAR bearish reversal is detected, allowing gradual profit booking and downside protection.
This balanced approach captures trend moves early while intelligently scaling out, making it suitable for directional traders seeking both agility and control.
Momentum ScopeOverview
Momentum Scope is a Pine Script™ v6 study that renders a –1 to +1 momentum heatmap across up to 32 lookback periods in its own pane. Using an Augmented Relative Momentum Index (ARMI) and color shading, it highlights where momentum strengthens, weakens, or stays flat over time—across any asset and timeframe.
Key Features
Full-Spectrum Momentum Map : Computes ARMI for 1–32 lookbacks, indexed from –1 (strong bearish) to +1 (strong bullish).
Flexible Scale Gradation : Choose Linear or Exponential spacing, with adjustable expansion ratio and maximum depth.
Trending Bias Control : Apply a contrast-style curve transform to emphasize trending vs. mean-reverting behavior.
Duotone & Tritone Palettes : Select between two vivid color styles, with user-definable hues for bearish, bullish, and neutral momentum.
Compact, Overlay-Free Display : Renders solely in its own pane—keeping your price chart clean.
Inputs & Customization
Scale Gradation : Linear or Exponential spacing of intervals
Scale Expansion : Ratio governing step-size between successive lookbacks
Scale Maximum : Maximum lookback period (and highest interval)
Trending Bias : Curve-transform bias to tilt the –1 … +1 grid
Color Style : Duotone or Tritone rendering modes
Reducing / Increasing / Neutral Colors : Pick your own hues for bearish, bullish, and flat zones
How to Use
Add to Chart : Apply “Momentum Scope” as a separate indicator.
Adjust Scale : For exponential spacing, switch your indicator Y-axis to Logarithmic .
Set Bias & Colors : Tweak Trending Bias and choose a palette that stands out on your layout.
Interpret the Heatmap :
Red tones = weakening/bearish momentum
Green tones = strengthening/bullish momentum
Neutral hues = indecision or flat momentum
Copyright © 2025 MVPMC. Licensed under MIT. For full license see opensource.org
Momentum Trend Bands (MTB)📌 What Is the Momentum Trend Bands (MTB) Indicator?
The Momentum Trend Bands (MTB) is a custom-built trend detection indicator that blends momentum and volatility into a dynamic, visual system. Its core goal is to help traders identify the beginning and strength of a trend earlier than traditional tools like moving averages, while filtering out market noise.
🧠 What Is It Built On?
The indicator is built on two foundational concepts:
1. Rate of Change (ROC): This measures the speed at which the price is moving. We use a fast and a slow version of ROC and then calculate their difference. This difference gives us a momentum signal — it shows whether the price is gaining upward or downward strength.
2. Standard Deviation (Volatility): This shows how much the price fluctuates. By calculating it over a certain period, we can measure market noise and filter out weak, insignificant moves that might otherwise cause false signals.
Together, momentum shows direction, and volatility shows confidence.
🛠️ How Does It Work?
• The core of the indicator is a smoothed momentum signal, representing the net difference between fast and slow momentum.
• Around this signal, we build upper and lower bands — these are dynamic boundaries that expand or contract based on volatility.
• When the momentum breaks above or below these bands, it signals a strong directional move — suggesting the start or continuation of a trend.
The bands also serve a visual filter:
• If momentum stays within the bands, it implies the market is consolidating or ranging.
• When it exits the bands decisively, it implies strength in that direction.
📈 How to Use It?
1. Trend Entry:
o When the momentum signal rises above the upper band, it suggests a strong bullish trend may be starting.
o When the signal drops below the lower band, it indicates a bearish trend.
2. Stay Out of Chop:
o If the signal moves sideways within the bands, it’s best to avoid trading — the market is likely consolidating or ranging.
3. Visual Confirmation:
o The background color changes with the trend: green for bullish, red for bearish, gray for neutral. This makes it quick to read visually.
4. Signal Arrows:
o Small up or down arrows appear when trends begin, serving as early entry points.
⚙️ What Kind of Market Does It Work Best In?
• Trending Markets: MTB shines in markets with strong directional movement — whether up or down. It's designed to pick up momentum early and hold through trend continuation.
• Volatile Instruments: The built-in volatility filter helps in markets like crypto or commodities where price action is fast and erratic.
• Avoid Flat or Low-Volume Conditions: In sideways markets, MTB may stay gray or flip often — these are not ideal times to trade using this indicator alone.
💎 Why Is It Unique?
Unlike many indicators that react slowly (like moving averages) or trigger too often (like raw momentum), MTB balances early detection with reliability. Its unique combination of:
• ROC difference for directional intent,
• Smoothing for signal clarity,
• Bands scaled by volatility for robustness,
…makes it stand apart from commonly available indicators on platforms like TradingView.
