W and M Pattern Indicator- SwaGThis is a TradingView indicator script that identifies potential buy and sell signals based on ‘W’ and ‘M’ patterns in the Relative Strength Index (RSI). It provides visual alerts and draws horizontal lines to indicate potential trade entry points.
User Manual:
Inputs: The script takes two inputs - an upper limit and a lower limit. The default values are 70 and 40, respectively.
RSI Calculation: The script calculates the RSI based on the closing prices of the last 14 periods.
Pattern Identification: It identifies ‘W’ patterns when the RSI makes a higher low within the lower limit, and ‘M’ patterns when the RSI makes a lower high within the upper limit.
Visual Alerts: The script plots these patterns on the chart. ‘W’ patterns are marked with small green triangles below the bars, and ‘M’ patterns are marked with small red triangles above the bars.
Trade Entry Points: A horizontal line is drawn at the high or low of the candle to represent potential trade entry points. The line starts from one bar to the left and extends 10 bars to the right.
Trading Strategy:
For investing, use a weekly timeframe.
For swing trading, use a daily timeframe.
For intraday trading, use a 5 or 15-minute timeframe. Only consider sell-side signals for intraday trading.
Take a buy position if the high breaks above the green line or sell if the low breaks below the red line.
Use recent signals only and avoid signals that are too old.
Swing highs or lows will be your stop-loss level.
Always think about your stop-loss before entering a trade, not your target.
Avoid trades with a large stop-loss.
Remember, this script is a tool to aid in your trading decisions. Always test your strategies thoroughly before live trading. Happy trading! 😊
在脚本中搜索"swing trading"
Moving Average Filters Add-on w/ Expanded Source Types [Loxx]Moving Average Filters Add-on w/ Expanded Source Types is a conglomeration of specialized and traditional moving averages that will be used in most of indicators that I publish moving forward. There are 39 moving averages included in this indicator as well as expanded source types including traditional Heiken Ashi and Better Heiken Ashi candles. You can read about the expanded source types clicking here . About half of these moving averages are closed source on other trading platforms. This indicator serves as a reference point for future public/private, open/closed source indicators that I publish to TradingView. Information about these moving averages was gleaned from various forex and trading forums and platforms as well as TASC publications and other assorted research publications.
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Included moving averages
ADXvma - Average Directional Volatility Moving Average
Linnsoft's ADXvma formula is a volatility-based moving average, with the volatility being determined by the value of the ADX indicator.
The ADXvma has the SMA in Chande's CMO replaced with an EMA, it then uses a few more layers of EMA smoothing before the "Volatility Index" is calculated.
A side effect is, those additional layers slow down the ADXvma when you compare it to Chande's Variable Index Dynamic Average VIDYA.
The ADXVMA provides support during uptrends and resistance during downtrends and will stay flat for longer, but will create some of the most accurate market signals when it decides to move.
Ahrens Moving Average
Richard D. Ahrens's Moving Average promises "Smoother Data" that isn't influenced by the occasional price spike. It works by using the Open and the Close in his formula so that the only time the Ahrens Moving Average will change is when the candlestick is either making new highs or new lows.
Alexander Moving Average - ALXMA
This Moving Average uses an elaborate smoothing formula and utilizes a 7 period Moving Average. It corresponds to fitting a second-order polynomial to seven consecutive observations. This moving average is rarely used in trading but is interesting as this Moving Average has been applied to diffusion indexes that tend to be very volatile.
Double Exponential Moving Average - DEMA
The Double Exponential Moving Average (DEMA) combines a smoothed EMA and a single EMA to provide a low-lag indicator. It's primary purpose is to reduce the amount of "lagging entry" opportunities, and like all Moving Averages, the DEMA confirms uptrends whenever price crosses on top of it and closes above it, and confirms downtrends when the price crosses under it and closes below it - but with significantly less lag.
Double Smoothed Exponential Moving Average - DSEMA
The Double Smoothed Exponential Moving Average is a lot less laggy compared to a traditional EMA. It's also considered a leading indicator compared to the EMA, and is best utilized whenever smoothness and speed of reaction to market changes are required.
Exponential Moving Average - EMA
The EMA places more significance on recent data points and moves closer to price than the SMA (Simple Moving Average). It reacts faster to volatility due to its emphasis on recent data and is known for its ability to give greater weight to recent and more relevant data. The EMA is therefore seen as an enhancement over the SMA.
Fast Exponential Moving Average - FEMA
An Exponential Moving Average with a short look-back period.
Fractal Adaptive Moving Average - FRAMA
The Fractal Adaptive Moving Average by John Ehlers is an intelligent adaptive Moving Average which takes the importance of price changes into account and follows price closely enough to display significant moves whilst remaining flat if price ranges. The FRAMA does this by dynamically adjusting the look-back period based on the market's fractal geometry.
Hull Moving Average - HMA
Alan Hull's HMA makes use of weighted moving averages to prioritize recent values and greatly reduce lag whilst maintaining the smoothness of a traditional Moving Average. For this reason, it's seen as a well-suited Moving Average for identifying entry points.
IE/2 - Early T3 by Tim Tilson
The IE/2 is a Moving Average that uses Linear Regression slope in its calculation to help with smoothing. It's a worthy Moving Average on it's own, even though it is the precursor and very early version of the famous "T3 Indicator".
Integral of Linear Regression Slope - ILRS
A Moving Average where the slope of a linear regression line is simply integrated as it is fitted in a moving window of length N (natural numbers in maths) across the data. The derivative of ILRS is the linear regression slope. ILRS is not the same as a SMA (Simple Moving Average) of length N, which is actually the midpoint of the linear regression line as it moves across the data.
Instantaneous Trendline
The Instantaneous Trendline is created by removing the dominant cycle component from the price information which makes this Moving Average suitable for medium to long-term trading.
Laguerre Filter
The Laguerre Filter is a smoothing filter which is based on Laguerre polynomials. The filter requires the current price, three prior prices, a user defined factor called Alpha to fill its calculation.
Adjusting the Alpha coefficient is used to increase or decrease its lag and it's smoothness.
Leader Exponential Moving Average
The Leader EMA was created by Giorgos E. Siligardos who created a Moving Average which was able to eliminate lag altogether whilst maintaining some smoothness. It was first described during his research paper "MACD Leader" where he applied this to the MACD to improve its signals and remove its lagging issue. This filter uses his leading MACD's "modified EMA" and can be used as a zero lag filter.
Linear Regression Value - LSMA (Least Squares Moving Average)
LSMA as a Moving Average is based on plotting the end point of the linear regression line. It compares the current value to the prior value and a determination is made of a possible trend, eg. the linear regression line is pointing up or down.
Linear Weighted Moving Average - LWMA
LWMA reacts to price quicker than the SMA and EMA. Although it's similar to the Simple Moving Average, the difference is that a weight coefficient is multiplied to the price which means the most recent price has the highest weighting, and each prior price has progressively less weight. The weights drop in a linear fashion.
McGinley Dynamic
John McGinley created this Moving Average to track price better than traditional Moving Averages. It does this by incorporating an automatic adjustment factor into its formula, which speeds (or slows) the indicator in trending, or ranging, markets.
McNicholl EMA
Dennis McNicholl developed this Moving Average to use as his center line for his "Better Bollinger Bands" indicator and was successful because it responded better to volatility changes over the standard SMA and managed to avoid common whipsaws.
Non lag moving average
The Non Lag Moving average follows price closely and gives very quick signals as well as early signals of price change. As a standalone Moving Average, it should not be used on its own, but as an additional confluence tool for early signals.
Parabolic Weighted Moving Average
The Parabolic Weighted Moving Average is a variation of the Linear Weighted Moving Average. The Linear Weighted Moving Average calculates the average by assigning different weight to each element in its calculation. The Parabolic Weighted Moving Average is a variation that allows weights to be changed to form a parabolic curve. It is done simply by using the Power parameter of this indicator.
Recursive Moving Trendline
Dennis Meyers's Recursive Moving Trendline uses a recursive (repeated application of a rule) polynomial fit, a technique that uses a small number of past values estimations of price and today's price to predict tomorrows price.
Simple Moving Average - SMA
The SMA calculates the average of a range of prices by adding recent prices and then dividing that figure by the number of time periods in the calculation average. It is the most basic Moving Average which is seen as a reliable tool for starting off with Moving Average studies. As reliable as it may be, the basic moving average will work better when it's enhanced into an EMA.
Sine Weighted Moving Average
The Sine Weighted Moving Average assigns the most weight at the middle of the data set. It does this by weighting from the first half of a Sine Wave Cycle and the most weighting is given to the data in the middle of that data set. The Sine WMA closely resembles the TMA (Triangular Moving Average).
Smoothed Moving Average - SMMA
The Smoothed Moving Average is similar to the Simple Moving Average (SMA), but aims to reduce noise rather than reduce lag. SMMA takes all prices into account and uses a long lookback period. Due to this, it's seen a an accurate yet laggy Moving Average.
Smoother
The Smoother filter is a faster-reacting smoothing technique which generates considerably less lag than the SMMA (Smoothed Moving Average). It gives earlier signals but can also create false signals due to its earlier reactions. This filter is sometimes wrongly mistaken for the superior Jurik Smoothing algorithm.
Super Smoother
The Super Smoother filter uses John Ehlers’s “Super Smoother” which consists of a a Two pole Butterworth filter combined with a 2-bar SMA (Simple Moving Average) that suppresses the 22050 Hz Nyquist frequency: A characteristic of a sampler, which converts a continuous function or signal into a discrete sequence.
Three pole Ehlers Butterworth
The 3 pole Ehlers Butterworth (as well as the Two pole Butterworth) are both superior alternatives to the EMA and SMA. They aim at producing less lag whilst maintaining accuracy. The 2 pole filter will give you a better approximation for price, whereas the 3 pole filter has superior smoothing.
Three pole Ehlers smoother
The 3 pole Ehlers smoother works almost as close to price as the above mentioned 3 Pole Ehlers Butterworth. It acts as a strong baseline for signals but removes some noise. Side by side, it hardly differs from the Three Pole Ehlers Butterworth but when examined closely, it has better overshoot reduction compared to the 3 pole Ehlers Butterworth.
Triangular Moving Average - TMA
The TMA is similar to the EMA but uses a different weighting scheme. Exponential and weighted Moving Averages will assign weight to the most recent price data. Simple moving averages will assign the weight equally across all the price data. With a TMA (Triangular Moving Average), it is double smoother (averaged twice) so the majority of the weight is assigned to the middle portion of the data.
The TMA and Sine Weighted Moving Average Filter are almost identical at times.
Triple Exponential Moving Average - TEMA
The TEMA uses multiple EMA calculations as well as subtracting lag to create a tool which can be used for scalping pullbacks. As it follows price closely, it's signals are considered very noisy and should only be used in extremely fast-paced trading conditions.
Two pole Ehlers Butterworth
The 2 pole Ehlers Butterworth (as well as the three pole Butterworth mentioned above) is another filter that cuts out the noise and follows the price closely. The 2 pole is seen as a faster, leading filter over the 3 pole and follows price a bit more closely. Analysts will utilize both a 2 pole and a 3 pole Butterworth on the same chart using the same period, but having both on chart allows its crosses to be traded.
Two pole Ehlers smoother
A smoother version of the Two pole Ehlers Butterworth. This filter is the faster version out of the 3 pole Ehlers Butterworth. It does a decent job at cutting out market noise whilst emphasizing a closer following to price over the 3 pole Ehlers.
Volume Weighted EMA - VEMA
Utilizing tick volume in MT4 (or real volume in MT5), this EMA will use the Volume reading in its decision to plot its moves. The more Volume it detects on a move, the more authority (confirmation) it has. And this EMA uses those Volume readings to plot its movements.
Studies show that tick volume and real volume have a very strong correlation, so using this filter in MT4 or MT5 produces very similar results and readings.
Zero Lag DEMA - Zero Lag Double Exponential Moving Average
John Ehlers's Zero Lag DEMA's aim is to eliminate the inherent lag associated with all trend following indicators which average a price over time. Because this is a Double Exponential Moving Average with Zero Lag, it has a tendency to overshoot and create a lot of false signals for swing trading. It can however be used for quick scalping or as a secondary indicator for confluence.
Zero Lag Moving Average
The Zero Lag Moving Average is described by its creator, John Ehlers, as a Moving Average with absolutely no delay. And it's for this reason that this filter will cause a lot of abrupt signals which will not be ideal for medium to long-term traders. This filter is designed to follow price as close as possible whilst de-lagging data instead of basing it on regular data. The way this is done is by attempting to remove the cumulative effect of the Moving Average.
Zero Lag TEMA - Zero Lag Triple Exponential Moving Average
Just like the Zero Lag DEMA, this filter will give you the fastest signals out of all the Zero Lag Moving Averages. This is useful for scalping but dangerous for medium to long-term traders, especially during market Volatility and news events. Having no lag, this filter also has no smoothing in its signals and can cause some very bizarre behavior when applied to certain indicators.
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What are Heiken Ashi "better" candles?
The "better formula" was proposed in an article/memo by BNP-Paribas (In Warrants & Zertifikate, No. 8, August 2004 (a monthly German magazine published by BNP Paribas, Frankfurt), there is an article by Sebastian Schmidt about further development (smoothing) of Heikin-Ashi chart.)
They proposed to use the following:
(Open+Close)/2+(((Close-Open)/( High-Low ))*ABS((Close-Open)/2))
instead of using :
haClose = (O+H+L+C)/4
According to that document the HA representation using their proposed formula is better than the traditional formula.
What are traditional Heiken-Ashi candles?
The Heikin-Ashi technique averages price data to create a Japanese candlestick chart that filters out market noise.
Heikin-Ashi charts, developed by Munehisa Homma in the 1700s, share some characteristics with standard candlestick charts but differ based on the values used to create each candle. Instead of using the open, high, low, and close like standard candlestick charts, the Heikin-Ashi technique uses a modified formula based on two-period averages. This gives the chart a smoother appearance, making it easier to spots trends and reversals, but also obscures gaps and some price data.
Expanded generic source types:
Close = close
Open = open
High = high
Low = low
Median = hl2
Typical = hlc3
Weighted = hlcc4
Average = ohlc4
Average Median Body = (open+close)/2
Trend Biased = (see code, too complex to explain here)
Trend Biased (extreme) = (see code, too complex to explain here)
Included:
-Toggle bar color on/off
-Toggle signal line on/off
[blackcat] L2 Ehlers Fisherized Deviation Scaled OscillatorLevel: 2
Background
John F. Ehlers introuced Fisherized Deviation Scaled Oscillator in Oct, 2018.
Function
In “Probability—Probably A Good Thing To Know,” John Ehlers introduces a procedure for measuring an indicator’s probability distribution to determine if it can be used as part of a reversion-to-the-mean trading strategy. Dr. Ehlers demonstrates this method with several of his existing indicators and presents a new indicator that he calls a deviation-scaled oscillator with Fisher transform. It charts the probability density of an oscillator to evaluate its applicability to swing trading.
Key Signal
FisherFilt --> Ehlers Fisherized Deviation Scaled Oscillator fast line
Trigger --> Ehlers Fisherized Deviation Scaled Oscillator slow line
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 91th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
SUPERTREND VALIDADO ADX EMAS VWAP # Modular Trading System - SuperTrend + ADX + Multi-Filter Confirmation
## Overview
Professional modular trading system designed for trend-following strategies on 4H timeframes. Features a clean, mobile-optimized interface with customizable filters and real-time status monitoring.
## Core Features
### Validated Components (Backtested)
- **SuperTrend (ATR 10, Multiplier 3.0)**: Primary trend direction filter with visual fill
- **ADX >23**: Trend strength confirmation (14-period)
- Proven performance: 52.11% win rate, 3.162 profit factor over 4 years
### Additional Filters (Optional)
- **DI Spread >9**: Directional movement confirmation
- **Volume > EMA20**: Volume confirmation above 20-period average
- **EMA System**: 7/21/50 with dynamic coloring
- **VWAP**: Daily volume-weighted average price
### Visual Elements
- **SuperTrend Line**: Green (bullish) / Red (bearish) with background fill
- **EMA 7**: Yellow when ADX >23, White when ADX ≤23
- **EMA 21**: Green (price above) / Red (price below)
- **EMA 50**: Blue reference line
- **VWAP**: Orange line
- **PDH/PDL**: Previous day high/low levels
- **EMA Cross Signals**: Small dots marking 7/21 crossovers
### Smart Money Concepts
- Automatic Previous Day High (PDH) / Previous Day Low (PDL) tracking
- Horizontal lines extending from current price
- Clear labeling for support/resistance levels
## Status Dashboard
Compact 2-column table (top-right) shows:
```
FILTERS | STATUS
1. ADX >23 | 47.6 OK / 18.2 NO
2. DI Spread >9 | Bullish / Bearish
3. SuperTrend | Bullish / Bearish
4. Volume >EMA20 | 1.25x OK / 0.14x NO
─────────────────────────────
SIGNAL | BUY / SELL / WAIT
```
Color-coded backgrounds:
- Green: Condition met
- Red: Condition not met
- Yellow: Waiting for confirmation
## Signal Logic
### Entry Conditions
**LONG**: All active filters must align
- SuperTrend bullish (green)
- ADX >23
- DI+ > DI- (if DI Spread enabled)
- Volume > EMA20 (if Volume enabled)
- Price > EMA21 and EMA7 > EMA21 (if EMAs enabled)
**SHORT**: All active filters must align
- SuperTrend bearish (red)
- ADX >23
- DI- > DI+ (if DI Spread enabled)
- Volume > EMA20 (if Volume enabled)
- Price < EMA21 and EMA7 < EMA21 (if EMAs enabled)
### Exit Conditions
- SuperTrend direction change
- Clear "EXIT" markers on chart
### Position Management
- One position per trend (no pyramiding)
- Prevents multiple entries in same direction
- "WAIT" status when conditions partially met
## Settings & Customization
### Filters (Enable/Disable)
**Core Filters:**
- ✓ SuperTrend (VALIDATED)
- ✓ ADX >23 (VALIDATED)
**Additional Filters:**
- ⚠️ DI Spread >9 (EXPERIMENTAL)
- ⚠️ Volume > EMA20 (EXPERIMENTAL)
- ⚠️ EMAs 7/21/50 (EXPERIMENTAL)
**Visual:**
- Show EMA 7/21 Crosses (dots)
### Parameters
**SuperTrend:**
- ATR Period: 10 (default)
- ATR Multiplier: 3.0 (default)
**ADX/DI:**
- ADX Length: 14 (default)
- ADX Threshold: 23 (default)
- DI Spread Threshold: 9 (default)
**Volume:**
- Volume EMA: 20 (default)
**EMAs:**
- Fast EMA: 7 (default)
- Medium EMA: 21 (default)
- Slow EMA: 50 (default)
## Alerts
Pre-configured alerts for:
- Long Signal (BUY - Entry confirmed)
- Short Signal (SELL - Entry confirmed)
- Exit Long (EXIT LONG - SuperTrend changed)
- Exit Short (EXIT SHORT - SuperTrend changed)
- EMA Cross Up (EMA 7 crossed above EMA 21)
- EMA Cross Down (EMA 7 crossed below EMA 21)
## Best Practices
### Recommended Setup (Validated System)
```
Enable ONLY:
- SuperTrend: ON
- ADX >23: ON
- All other filters: OFF
```
### Testing New Filters
1. Enable experimental filters
2. Backtest thoroughly before live trading
3. Compare performance metrics
4. Validate with demo account first
### Timeframe
- Optimized for: 4H charts
- Tested on: Bitcoin/USDT
- Works on: Any trending instrument
## Risk Management
This indicator provides entry/exit signals but does NOT include:
- Stop loss levels
- Take profit targets
- Position sizing
Always use proper risk management:
- Maximum 1-2% risk per trade
- Use stop losses
- Follow your trading plan
## Performance Notes
**Validated Backtest Results (SuperTrend + ADX only):**
- Win Rate: 52.11%
- Profit Factor: 3.162
- Return: +45.46% (4 years)
- Tested Period: 2020-2024
- Instrument: BTC/USDT 4H
**Important:** Adding additional filters changes the system. Results may vary. Always backtest your specific configuration before live trading.
## Mobile Optimization
- Compact table design
- Clear color coding
- Minimal chart clutter
- Large signal text
- Optimized for small screens
## Use Cases
✅ **Ideal for:**
- Trend-following strategies
- Swing trading (4H timeframe)
- Clear market conditions
- Systematic traders
❌ **NOT ideal for:**
- Scalping (too slow)
- Range-bound markets
- Counter-trend strategies
- Lateral/choppy conditions
## Credits & Methodology
Based on proven technical analysis principles:
- SuperTrend (volatility-based trend following)
- ADX (trend strength measurement)
- Directional Indicators (DI+/DI-)
- Volume analysis
- EMA systems
**Designed for:** Disciplined execution over frequent trading
**Philosophy:** Quality setups > Quantity of trades
## Disclaimer
This indicator is for educational purposes only. Past performance does not guarantee future results. Always:
- Test on demo account first
- Use proper risk management
- Never risk more than you can afford to lose
- Consult a financial advisor
Trading involves substantial risk. This tool does not constitute financial advice.
---
## Version History
**v2.0 (Current)**
- Modular filter system
- 2-column compact status table
- EMA 7 dynamic coloring (yellow when ADX >23)
- EMA 50 + VWAP added
- PDH/PDL levels
- EMA cross markers
- Improved signal logic
- One position per trend
- Multiple alert conditions
---
**For support, updates, or feedback, contact the developer.**
Trinity Real Move Detector DashboardRelease Notes (critical)
1. This code "will" require tweaks for different timeframes to the multiplier, do not assume the data in the table is accurate, cross check it with the Trinity Real Move Detector or another ATR tool, to validate the values in the table and ensure you have set the correct values.
2. I mention this below. But please understand that pine code has a limitation in the number of security calls (40 request.security() calls per script). This code is on the limit of that threshold and I would encourage developers to see if they can find a way around this to improve the script and release further updates.
What do we have...
The Trinity Real Move Detector Dashboard is a powerful TradingView indicator designed to scan multiple assets at once and show when each one has genuine short-term volatility "energy" — the kind that makes directional options trades (especially 0DTE or short-dated) have a high probability of follow-through, and can be used for swing trading as well. It combines a simple ATR-based volatility filter with a SuperTrend-style bias to tell you not only if the market is "awake" but also in which direction the momentum is leaning.
At its core, the indicator calculates the current ATR on your chosen timeframe and compares it to a user-defined percentage of the asset's daily ATR. When the short-term ATR spikes above that threshold, it signals "enough energy" — meaning the underlying is moving with real force rather than choppy noise. The SuperTrend logic then determines bullish or bearish bias, so the status shows "BULLISH ENERGY" (green) or "BEARISH ENERGY" (red) when energy is on, or "WAIT" when it's not. It also counts how many bars the energy has been active and shows the current ATR vs threshold for quick visual confirmation.
The dashboard displays all this in a clean table with columns for Symbol, Multiplier, Current ATR, Threshold, Status, Bars Active, and Bias (UP/DOWN). It's perfect for 3-minute charts but works on any timeframe — just adjust the multiplier based on the hints in the settings.
Editing symbols and multipliers is straightforward and user-friendly. In the indicator settings, you'll see numbered inputs like "1. Symbol - NVDA" and "1. Multiplier". To change an asset, simply type the new ticker in the symbol field (e.g., replace "NVDA" with "TSLA", "AVGO", or "ADAUSD"). You can also adjust the multiplier for each asset individually in the corresponding "Multiplier" field to make it more or less sensitive — lower numbers give more signals, higher numbers give stricter, higher-quality ones. This lets you customize the dashboard to your watchlist without any coding. For example, if you switch to a 4-hour chart or a slower-moving stock like AVGO, you may need to raise the multiplier (e.g., to 0.3–0.4) to avoid false "bullish" signals during minor bounces in a larger downtrend.
One important note about the multiplier and timeframes: the default values are optimized for fast intraday charts (like 3-minute or 5-minute). On higher timeframes (15-minute, 1-hour, 4-hour, or daily), the SuperTrend bias can be too sensitive with low multipliers (1.0 default in the code), leading to situations like the AVGO 4-hour example — where price is clearly downtrending, but the dashboard shows "BULLISH ENERGY" because the tight bands flip on small bounces. To fix this, you need to manually increase the multiplier for that asset (or all assets) in the settings. For 4-hour or daily charts, 0.25–0.35 is often better to match smoother SuperTrend indicators like Trinity. Always test on your timeframe and asset — crypto usually needs slightly lower multipliers than stocks due to higher volatility.
TradingView has a hard limit of 40 request.security() calls per script. Each asset in the dashboard requires several calls (current ATR, daily ATR, SuperTrend components, etc.), so with the full ATR-based bias, you can safely monitor about 6–8 assets before hitting the limit. Adding more symbols increases the number of calls and will trigger the "too many securities" error. This is a platform restriction to prevent excessive server load, and there's no official way around it in a single script. Some advanced coders use tricks like caching or lower-timeframe requests to squeeze in a few more, but for reliability, sticking to 6–8 assets is recommended. If you need more, the common workaround is to create two separate indicators (e.g., one for stocks, one for crypto) and add both to the same chart.
Overall, this dashboard gives you a professional-grade multi-asset scanner that filters out low-energy noise and highlights real momentum opportunities across stocks and crypto — all in one glance. It's especially valuable for options traders who want to avoid theta decay on weak moves and only strike when the market has true fuel. By tweaking the per-symbol multipliers in the settings, you can perfectly adapt it to any timeframe or asset behavior, avoiding issues like the AVGO false bullish signal on higher timeframes.
ICT Premium/Discount Zones [Exponential-X]Premium/Discount Zones - Visual Market Structure Tool
Overview
This indicator helps traders visualize premium and discount price zones based on recent market structure. It automatically identifies swing highs and lows within a specified lookback period and divides the price range into three key areas: Premium Zone, Equilibrium, and Discount Zone.
What This Indicator Does
The script continuously monitors price action and calculates:
Highest High and Lowest Low within the lookback period
Equilibrium Level - the midpoint between the swing high and low
Premium Zone - the area from equilibrium to the swing high (typically viewed as relatively expensive price levels)
Discount Zone - the area from the swing low to equilibrium (typically viewed as relatively cheap price levels)
Core Calculation Method
The indicator uses pivot point logic to identify significant swing highs and lows based on the pivot strength parameter. It then calculates the highest high and lowest low over the specified lookback period. The equilibrium is computed as the arithmetic mean of these two extremes, creating a fair value reference point.
The zones are dynamically updated as new price data becomes available, ensuring the visualization remains relevant to current market conditions.
Key Features
Dynamic Zone Detection
Automatically adjusts zones based on recent price action
Uses customizable lookback period for flexibility across different timeframes
Employs pivot strength parameter to filter out minor price fluctuations
Visual Clarity
Color-coded zones for easy identification (red for premium, green for discount)
Optional equilibrium line display
Adjustable zone label placement
Customizable color schemes to match your charting preferences
Alert Capabilities
Alerts when price enters the premium zone
Alerts when price enters the discount zone
Alerts when price returns to equilibrium
Helps traders monitor key zone interactions without constant chart watching
Customization Options
Adjustable lookback period (5-500 bars)
Configurable pivot strength for swing detection (1-20 bars)
Control over box extension into the future
Toggle labels and equilibrium line on/off
Full color customization for all visual elements
How to Use This Indicator
Setup
Add the indicator to your chart
Adjust the lookback period to match your trading timeframe (shorter for intraday, longer for swing trading)
Set pivot strength to filter out noise (higher values for major swings, lower for more frequent updates)
Customize colors and labels to your preference
Interpretation
Premium Zone: Price trading here may indicate potential resistance or selling opportunities when aligned with other technical factors
Discount Zone: Price trading here may indicate potential support or buying opportunities when aligned with other technical factors
Equilibrium: Acts as a fair value reference point where price often consolidates or reacts
Trading Applications
This tool works well when combined with other forms of analysis such as:
Trend identification indicators
Volume analysis
Support and resistance levels
Price action patterns
Market structure analysis
Important Considerations
This indicator identifies zones based purely on historical price data
Premium and discount zones are relative to the recent lookback period
The effectiveness varies across different market conditions and timeframes
Should be used as part of a comprehensive trading strategy, not in isolation
Past price structure does not guarantee future price behavior
Technical Details
Calculation Method
Uses Pine Script's ta.pivothigh() and ta.pivotlow() functions for swing detection
Employs ta.highest() and ta.lowest() for range calculation
Updates dynamically with each new bar
Draws zones using box objects for clear visual representation
Performance Optimization
Efficiently manages box and line objects to minimize resource usage
Uses conditional plotting to reduce unnecessary calculations
Limited to essential visual elements for chart clarity
Timeframe Compatibility
This indicator works on all timeframes but the recommended settings vary:
1-5 minute charts: Lookback period 10-20, Pivot strength 3-5
15-60 minute charts: Lookback period 20-50, Pivot strength 5-10
Daily charts: Lookback period 50-100, Pivot strength 10-15
Weekly charts: Lookback period 20-50, Pivot strength 5-10
Adjust these values based on the volatility of your specific instrument.
Limitations and Considerations
What This Indicator Does NOT Do
Does not provide buy or sell signals on its own
Does not predict future price movements
Does not account for fundamental factors or market events
Does not guarantee profitability or accuracy
Market Condition Awareness
In strong trending markets, price may remain in premium or discount zones for extended periods
During ranging conditions, price typically oscillates between zones more predictably
High volatility can cause frequent zone recalculations
Low volatility may result in narrow zones with limited practical use
Risk Considerations
Premium and discount are relative concepts, not absolute values
What appears as a discount zone may continue lower in a downtrend
What appears as a premium zone may continue higher in an uptrend
Always use proper risk management and position sizing
Consider multiple timeframe analysis for context
Version Information
This indicator is written in Pine Script v6, ensuring compatibility with the latest TradingView features and optimal performance.
Final Notes
This tool is designed to enhance your market analysis by providing a clear visual representation of premium and discount price zones. It should be used as one component of a well-rounded trading approach that includes proper risk management, multiple forms of analysis, and realistic expectations about market behavior.
The concept of premium and discount zones is rooted in auction market theory and the idea that price oscillates around fair value. However, traders should understand that these zones are interpretive tools based on historical data and do not constitute trading advice or predictions about future price action.
Remember to backtest any strategy using this indicator on historical data before applying it to live trading, and always trade responsibly within your risk tolerance.
Disclaimer: The information provided by this indicator is for educational and informational purposes only. It does not constitute financial advice, investment advice, trading advice, or any other sort of advice. Always conduct your own research and consult with qualified financial professionals before making trading decisions.
able FRVP Reversal# able FRVP Reversal - Complete User Guide
## 📌 Overview
**able FRVP Reversal** is a professional-grade Volume Profile indicator with an integrated reversal detection system. It combines Fixed Range Volume Profile (FRVP) analysis with a confluence-based reversal scoring system to identify high-probability turning points at key volume levels.
---
## ✨ Key Features
| Feature | Description |
|---------|-------------|
| **Session-Based Volume Profile** | Automatically resets at the beginning of each regular trading session |
| **POC (Point of Control)** | Highest volume price level - strongest support/resistance |
| **VAH (Value Area High)** | Upper boundary of the 70% value area - resistance zone |
| **VAL (Value Area Low)** | Lower boundary of the 70% value area - support zone |
| **Confluence Scoring System** | 5-point scoring system for reversal detection |
| **Smart Cooldown** | Prevents signal spam with customizable cooldown period |
| **Real-time Info Table** | Displays all key metrics in a retro-style dashboard |
---
## 🔧 Installation
1. Open TradingView and go to **Pine Editor**
2. Delete any existing code and paste the indicator code
3. Click **"Add to Chart"**
4. Configure settings as needed
---
## ⚙️ Settings Explained
### 📊 Volume Profile Settings
| Setting | Default | Description |
|---------|---------|-------------|
| **Number of Rows** | 50 | Resolution of the volume profile (more rows = finer detail) |
| **Value Area %** | 70 | Percentage of volume to include in Value Area (industry standard: 70%) |
| **Profile Width** | 40 | Visual width of the histogram on chart |
| **Show Histogram** | ✓ | Display volume histogram bars |
| **Show POC/VAH/VAL** | ✓ | Display the three key levels |
| **Show Labels** | ✓ | Display price labels for each level |
| **Extend Lines** | ✓ | Extend levels to the right of current price |
| **Extend Length** | 100 | How far to extend the lines (in bars) |
### 🔄 Reversal Detection Settings
| Setting | Default | Description |
|---------|---------|-------------|
| **Enable Reversal Detection** | ✓ | Turn reversal signals on/off |
| **Min Confluence Score** | 3 | Minimum score required to trigger signal (1-5) |
| **Cooldown Bars** | 10 | Minimum bars between signals to prevent spam |
#### Understanding Min Confluence Score:
- **Score 1-2**: Very sensitive, many signals (not recommended)
- **Score 3**: Balanced - good for most traders ⭐ Recommended
- **Score 4**: Conservative - fewer but higher quality signals
- **Score 5**: Very strict - only strongest reversals
### 🎨 Color Settings
All colors are fully customizable:
- **POC Line**: Default Gold (#FFD700)
- **VAH Line**: Default Coral Red (#FF6B6B)
- **VAL Line**: Default Teal (#4ECDC4)
- **Bullish Reversal**: Default Green (#00E676)
- **Bearish Reversal**: Default Red (#FF5252)
---
## 📖 How to Read the Indicator
### Volume Profile Histogram
```
█████████████ ← High volume = Strong S/R
████████ ← Medium volume
████ ← Low volume = Weak S/R
██
```
- **Darker/Longer bars** = More trading activity at that price
- **Inside Value Area** = Colored based on session direction (Bull/Bear)
- **Outside Value Area** = Muted gray color
### Key Levels
| Level | Color | Meaning |
|-------|-------|---------|
| **POC** | Yellow | Price with highest volume - Strongest magnet |
| **VAH** | Red | Upper resistance - Look for bearish reversals |
| **VAL** | Teal | Lower support - Look for bullish reversals |
---
## 🔄 Reversal Detection System
### How the Scoring System Works
The indicator uses a **5-point confluence scoring system**. Each condition adds 1 point:
#### 🟢 Bullish Reversal Score (at VAL)
| Condition | Points | Description |
|-----------|--------|-------------|
| Price at VAL Zone | +1 | Price is within VAL ± 0.2 ATR |
| Bullish Candle | +1 | Close > Open (green candle) |
| RSI Oversold | +1 | RSI < 35 |
| Rejection Wick | +1 | Lower wick > 1.5× body size |
| Failed Breakdown | +1 | Touched below VAL but closed above |
#### 🔴 Bearish Reversal Score (at VAH)
| Condition | Points | Description |
|-----------|--------|-------------|
| Price at VAH Zone | +1 | Price is within VAH ± 0.2 ATR |
| Bearish Candle | +1 | Close < Open (red candle) |
| RSI Overbought | +1 | RSI > 65 |
| Rejection Wick | +1 | Upper wick > 1.5× body size |
| Failed Breakout | +1 | Touched above VAH but closed below |
### Signal Quality Ratings
| Score | Rating | Meaning |
|-------|--------|---------|
| 5/5 | ★★★ | Excellent - Highest probability |
| 4/5 | ★★ | Good - High probability |
| 3/5 | ★ | Acceptable - Moderate probability |
| <3 | - | No signal triggered |
---
## 📋 Info Table Explained
```
╔═ able-REV ═╗ 15 ████████ SCR
─────────────────────────────────────
ZONE UPPER VA ▒▒▓▓████ ▲
POC 4272.680 ██████·· ▲
VAH 4322.745 ████···· ·
VAL 4264.977 ██████·· ·
═ SCORE ═════════════════════════════
BULL 0/5 ········ ·
BEAR 1/5 ░······· ·
RSI 49 ▒▒▓▓···· ·
◄SIGNAL► WAIT ········ ·
```
| Row | Description |
|-----|-------------|
| **ZONE** | Current price position relative to Value Area |
| **POC/VAH/VAL** | Price levels with distance indicators |
| **BULL Score** | Current bullish confluence score |
| **BEAR Score** | Current bearish confluence score |
| **RSI** | RSI value with OB/OS status |
| **SIGNAL** | Current signal status (BUY/SELL/WAIT) |
### Zone Types
| Zone | Meaning | Bias |
|------|---------|------|
| ABOVE VAH | Price broke above resistance | Bullish (but watch for rejection) |
| ⚠ AT VAH | Price testing resistance | Watch for bearish reversal |
| UPPER VA | Price in upper value area | Slight bullish bias |
| LOWER VA | Price in lower value area | Slight bearish bias |
| ⚠ AT VAL | Price testing support | Watch for bullish reversal |
| BELOW VAL | Price broke below support | Bearish (but watch for rejection) |
---
## 📈 Trading Strategies
### Strategy 1: VAH Rejection (Bearish Reversal)
**Setup:**
1. Price approaches or touches VAH (red dashed line)
2. BEAR score reaches 3+ (or your minimum setting)
3. REV signal appears above the candle
**Entry:**
- Enter SHORT on signal candle close
- Or wait for confirmation candle
**Stop Loss:**
- Above the signal candle high
- Or above VAH + 0.5 ATR
**Take Profit:**
- First target: POC (yellow line)
- Second target: VAL (teal line)
---
### Strategy 2: VAL Bounce (Bullish Reversal)
**Setup:**
1. Price approaches or touches VAL (teal dashed line)
2. BULL score reaches 3+ (or your minimum setting)
3. REV signal appears below the candle
**Entry:**
- Enter LONG on signal candle close
- Or wait for confirmation candle
**Stop Loss:**
- Below the signal candle low
- Or below VAL - 0.5 ATR
**Take Profit:**
- First target: POC (yellow line)
- Second target: VAH (red line)
---
### Strategy 3: POC Bounce
**Setup:**
1. Price pulls back to POC after trending
2. POC acts as support/resistance
3. Watch for reversal candle patterns
**Entry:**
- Long if bullish candle at POC from below
- Short if bearish candle at POC from above
**Stop Loss:**
- Other side of POC ± buffer
---
## ⚠️ Important Notes
### When Signals Work Best
✅ **High Probability Setups:**
- Score 4-5 with clear rejection wick
- RSI confirms (oversold for long, overbought for short)
- First test of VAH/VAL in the session
- Clear trend before reversal
❌ **Low Probability Setups:**
- Score barely meeting minimum (3/5)
- Multiple tests of same level (level weakening)
- Low volume/choppy market
- News events pending
### Risk Management Rules
1. **Never risk more than 1-2% per trade**
2. **Always use stop loss** - place beyond the level
3. **Wait for candle close** - don't enter on wick touches
4. **Respect the cooldown** - avoid overtrading
5. **Consider the trend** - counter-trend reversals are riskier
---
## 🔔 Alerts
The indicator includes built-in alerts:
| Alert | Trigger |
|-------|---------|
| VAL Bullish Reversal | BULL score meets minimum at VAL |
| VAH Bearish Reversal | BEAR score meets minimum at VAH |
### Setting Up Alerts:
1. Right-click on the chart
2. Select "Add Alert"
3. Choose "able FRVP Reversal" as condition
4. Select desired alert type
5. Configure notification method
---
## 💡 Pro Tips
1. **Combine with trend analysis** - Reversals in trend direction are more reliable
2. **Watch for confluence with other S/R** - If VAH/VAL aligns with round numbers, previous highs/lows, or fib levels, the level is stronger
3. **Volume confirmation** - Higher volume on reversal candle = stronger signal
4. **Time of day matters** - Reversals during active trading hours are more reliable
5. **Adjust sensitivity by market** - Volatile assets may need higher Min Confluence Score
6. **Use multiple timeframes** - Check if reversal level aligns with higher timeframe levels
---
## 🔧 Recommended Settings by Trading Style
| Style | Min Confluence | Cooldown | Best For |
|-------|----------------|----------|----------|
| Scalping | 3 | 5-7 | Quick trades, more signals |
| Day Trading | 3-4 | 10-15 | Balanced approach |
| Swing Trading | 4-5 | 20+ | Fewer, higher quality signals |
---
## ❓ Troubleshooting
| Issue | Solution |
|-------|----------|
| No signals appearing | Lower Min Confluence Score or check if market is ranging |
| Too many signals | Increase Min Confluence Score or Cooldown Bars |
| Levels not showing | Enable Show POC/VAH/VAL in settings |
| Histogram too wide/narrow | Adjust Profile Width setting |
---
## 📞 Support
For questions, suggestions, or bug reports, please contact the developer.
---
**Version:** 1.0
**Last Updated:** 2024
**Platform:** TradingView (Pine Script v6)
Take Profit XTake Profit X
Take Profit X solves the #1 problem in trading: knowing when to exit. Instead of guessing or using single indicators, it aggregates 8 technical signals to identify high-probability exit points through multi-confirmation consensus. This eliminates premature exits and emotional decision-making.
The indicator counts confirmations from your chosen technical tools:
Green dot = Multiple signals say "take profit on longs/exit shorts"
Red dot = Multiple signals say "take profit on shorts/exit longs"
Signals appear when you reach the minimum confirmations threshold you set.
Possible Settings:
Conservative (Swing Trading)
pine
Minimum Confirmations: 4
Use: RSI, MACD, CCI, Supertrend, Price Action
Disable: Stochastic, Bollinger Bands, EMA Cross
Look Back Bars: 10
Aggressive (Day Trading)
pine
Minimum Confirmations: 2
Use: All indicators ON
Look Back Bars: 3-5
RSI OB/OS: 75/25
Balanced (Most Markets)
pine
Minimum Confirmations: 3
Use: RSI, MACD, CCI, Supertrend
Price Action: ON
Look Back Bars: 5-7
Ultimate Adaptive RSIUltimate Adaptive RSI
RSI That Adapts to Any Market
This isn't your grandpa's RSI. It dynamically adjusts its sensitivity based on market conditions—smoother in trends, responsive in ranges.
Traditional RSI fails in strong trends and changing volatility. UA-RSI fixes both by adapting its sensitivity in real-time, giving you reliable signals whether the market is trending, ranging, or transitioning between regimes.
How It Adapts:
Smart Pre-Smoothing: Uses Efficiency Ratio to detect trend strength and automatically lengthens/shortens its smoothing window.
Dominant Cycle Detection: Matches its internal period to the market's actual rhythm.
Dynamic Bands: RMS-based overbought/oversold levels that expand/contract with volatility.
Smoothing Stack: ALMA pre-smoothing → Ultimate Smoother → Jurik filter creates the cleanest RSI you've ever seen.
Trade Signals:
Buy: RSI crosses above lower band or midline + price confirms
Sell: RSI crosses below upper band or midline + price confirms
Bands expand in high volatility → wait for deeper extremes
Bands contract in low volatility → take earlier signals
Signal line for crossover entries
Adaptive smoothing = fewer false signals in trends
Day trading: Use 1.0 band multiplier
Swing trading: Use 1.2-1.5 multiplier
Ranging markets: Lower multiplier to 0.8
Trending markets: Raise multiplier to 1.5+
Bands widen in volatility = wait for deeper extremes
Bands tighten in calm markets = take earlier signals
Never trade RSI alone - always wait for price confirmation
VixTrixVixTrix - Because markets move in both directions.
VixTrix was born from a fundamental limitation in traditional volatility indicators: they only measure downside panic, completely missing the greed-driven extremes that form market tops.
How It Works:
Dual-Component Analysis:
vixBear = Panic selling intensity (distance from recent highs)
vixBull = FOMO buying intensity (distance from recent lows)
Oscillator = vixBear - vixBull = Net fear/greed imbalance
When the oscillator is positive, fear dominates (potential bottom forming). When negative, greed dominates (potential top forming).
Professional-Grade Filtering:
The magic happens with the symmetric RMS (Root Mean Square) bands. Unlike fixed percentage bands or standard deviation, RMS:
Creates mathematically symmetric positive/negative thresholds
Naturally adapts to changing volatility regimes
Provides statistical significance to extremes
VixTrix also adds selectable MA smoothing for the RMS calculation:
WMA (default): Balanced – middle-ground approach
VWMA: Volume-weighted – filters low-volume noise
EMA: Responsive – catches quick reversals
SMA: Stable – for swing trading
HMA: Fast and smooth – ideal for day trading
Signals require triple confirmation:
Statistical Extreme: Oscillator beyond RMS band
Price Action Confirmation: Correct candle color (bullish for bottoms, bearish for tops)
Momentum Continuation: Oscillator still moving toward extreme (exhaustion)
This multi-filter approach reduces premature entries and false signals while maintaining early positioning at potential reversal points.
Why This Matters for Your Trading:
In bull markets, traditional fear indicators sit near zero, giving no warning of impending tops.
VixTrix identifies when greed becomes excessive – when FOMO buying reaches statistical extremes that often precede corrections.
In range-bound markets, VixTrix excels at identifying overreactions in both directions, providing high-probability mean reversion opportunities.
During crashes, it captures the panic selling with the same precision as VixFix, but with better timing through its momentum confirmation.
VixTrix spots continuations through:
"No Signal" = Healthy Trend – Oscillator stays between RMS bands (no exhaustion)
Failed Extremes – Touches band but no triple confirmation = trend likely continues
Hidden Divergence – Price makes higher low while oscillator makes shallower low = uptrend continues
Controlled Emotions – Oscillator negative but not extreme in uptrends (greed present but not excessive)
Key Insight: When VixTrix doesn't give a signal during a pullback, institutions aren't panicking – they're just pausing before resuming the trend.
Green columns = Bullish exhaustion (potential bottoms)
Red columns = Bearish exhaustion (potential tops)
Golden RMS bands = Dynamic thresholds adapting to current volatility
Background highlights = Active signal conditions
The Result: A professional-grade oscillator that works in all market conditions – trending up, trending down, or ranging – by measuring the complete emotional spectrum driving price action.
Pivot Oscillator█ OVERVIEW
Pivot Oscillator is a versatile oscillator that measures market strength by comparing the current price to local price pivots. Values are scaled by ATR, normalized to a 0–100 range, and displayed along with an SMA line.
Oscillator: generates signals suitable for pullback strategies.
SMA line: serves as a momentum indicator.
█ CONCEPTS
Pivot Oscillator is designed with dual functionality:
- Oscillator & signals: ideal for pullback strategies, detecting local highs/lows and short-term reversals.
- SMA (Momentum): shows stable market-side dominance and filters price impulses.
Calculation logic:
- Oscillator = closing price − pivot line (derived from average high/low pivots).
Scaled by ATR and normalized to 0–100:
50 – bullish dominance,
< 50 – bearish dominance.
SMA is computed from smoothed oscillator values and serves as a momentum indicator.
█ FEATURES
Pivot Calculation:
- Pivot Length (lenSwing) – the number of bars used to identify local pivots (highs/lows). Higher values filter only larger extremes, while lower values make the oscillator react faster to local highs and lows.
- Pivot Level (pivotLevel) – determines the position of the pivot line between the average low and high pivots. A value of 0.5 places the pivotLine exactly halfway between the average high and low pivots; values closer to 0 or 1 shift the line toward the low or high pivots, respectively.
- Pivot Lookback (lookback) – the number of recent pivots used to calculate the average pivot, which smooths the pivotLine and reduces noise caused by individual extremes.
- Oscillator calculation: closing price − pivotLine (average of pivots computed from the above parameters).
The pivotLine is then scaled by ATR and normalized to a 0–100 range.
ATR Scaling:
- ATR period (atrLen)
- Multipliers (multUp / multDown) for upper and lower scaling.
Dynamic Colors:
- Oscillator > 50 → green (bullish)
- Oscillator < 50 → red (bearish)
SMA Line (Momentum):
- Smoothed oscillator (SMA) serves as a momentum indicator.
- Dynamic color indicates direction of SMA.
- Helps identify dominant market side and trend.
Overbought / Oversold Zones:
- Configurable OB/OS levels for both oscillator and SMA.
- Dynamic band colors: change depending on SMA relative to maOverbought / maOversold.
- Provides visual confirmation for potential corrections or strong momentum.
Gradients & Visualization:
- Oscillator and SMA gradients (3 layers) with adjustable transparency.
- Gradient visualization for OB/OS zones and oscillator.
- Full customization of colors, line width, and transparency.
Signals:
- Oscillator leaving oversold zone → long signal
- Oscillator leaving overbought zone → short signal
- OB/OS band colors dynamically reflect SMA levels for additional confirmation.
Alerts:
- OB/OS cross alerts.
█ HOW TO USE
Add the indicator to your TradingView chart → Indicators → search for “Pivot Oscillator”.
Parameter Configuration:
- Pivot Settings: pivot length, pivot level, pivot lookback.
- ATR Settings: ATR period, scaling multipliers.
- Threshold Levels: OB/OS levels for oscillator and SMA.
- Signal Settings: SMA length, extra smoothing.
- Style Settings: bullish/bearish colors, OB/OS lines, midline, text colors.
- Gradient Settings: enable/disable gradients and transparency.
Signal Interpretation:
BUY (Long):
- Oscillator leaves the oversold zone (OS crossover).
- OB/OS band color may additionally confirm the signal when SMA < maOversold.
SELL (Short):
- Oscillator leaves the overbought zone (OB crossunder).
- OB/OS band color may additionally confirm the signal when SMA > maOverbought.
█ APPLICATIONS
Pivot Oscillator and SMA can be scaled for different strategies:
- Pullback strategies: oscillator detects local highs/lows.
- Momentum / Trend: SMA shows market-side dominance and trend direction.
Adjust pivot and ATR parameters:
- Lower settings: faster reaction, suitable for scalping or intraday trading.
- Higher settings: more stable readings, suitable for swing trading or longer timeframes.
█ NOTES
- In strong trends, the oscillator may remain in extreme zones for extended periods – reflects dominance, not necessarily a reversal.
- OB/OS levels should be adapted to the instrument and pivot/ATR settings.
- Works best when combined with other tools: support/resistance, market structure, and volume analysis.
Previous Day Week Month Highs & Lows [MHA Finverse]Previous Day Week Month Highs & Lows is a comprehensive multi-timeframe indicator that automatically plots previous period highs and lows across Daily, Weekly, Monthly, 4-Hour, and 8-Hour timeframes. Perfect for identifying key support and resistance levels that often act as magnets for price action.
How It Works
The indicator retrieves the highest high and lowest low from the previous completed period for each selected timeframe. Lines extend forward into current price action, allowing you to see when price approaches or breaks these critical levels in real-time. The indicator tracks the exact bar where each high and low occurred, ensuring accurate historical placement.
---
Key Features
Multi-Timeframe Levels:
• Current Daily, Previous Daily, 4H, 8H, Weekly, and Monthly highs/lows
• Fully customizable colors and line styles (Solid, Dashed, Dotted)
• Adjustable line width and extension length
Visual Enhancements:
• Price labels showing exact level values
• Range position percentage (distance from high/low)
• Optional period boxes highlighting timeframe ranges
• Day and date labels for reference
Trading Tools:
• Breakout markers when price crosses key levels
• Touch count tracking (how many times price tested each level)
• Time at level display (consolidation detection)
• Customizable thresholds for touch and time analysis
Alert System:
• Individual alerts for each timeframe: Daily High/Low Break, 4H High/Low Break, 8H High/Low Break, Weekly High/Low Break, Monthly High/Low Break
• Toggle switches to enable/disable alerts per timeframe
• Clear messages showing which level was broken and at what price
---
How to Use
Setup:
1. Enable your preferred timeframes in "Highs & Lows MTF" settings
2. Customize colors and styles to match your chart
3. Turn on visual features like price labels and range percentages
4. Set up alerts by creating specific alert conditions or using toggle switches
Trading Applications:
Breakout Trading: Watch for strong momentum when price breaks above previous highs or below previous lows
Support/Resistance: Use these levels as potential reversal points for entry/exit signals
Range Trading: Trade between previous highs and lows using the range position indicator
Stop Loss Placement: Place stops just beyond previous highs (shorts) or lows (longs)
Multiple Timeframe Confirmation: Combine timeframes for stronger signals (e.g., Daily near Weekly support)
---
Best Practices
• Use Weekly/Monthly for swing trading, Daily/4H/8H for day trading
• Combine with volume or momentum indicators for confirmation
• Multiple timeframe levels clustering together create high-probability zones
• The more touches a level has, the more significant it becomes
---
Disclaimer
This indicator is a technical analysis tool for identifying price levels based on historical data. It does not guarantee profits or predict future movements. Trading involves substantial risk. Always use proper risk management and never risk more than you can afford to lose.
RSI Divergence bsTzdThis indicator automatically detects bullish and bearish RSI divergences by comparing swing highs and lows in price against momentum shifts on the Relative Strength Index. It identifies both regular divergences, which signal potential trend reversals, and hidden divergences, which often confirm trend continuation.
All divergences are plotted directly on the chart using clean, non-repainting swing-point logic so signals only appear after pivots are confirmed.
The goal of the tool is to help traders quickly spot early momentum shifts that are otherwise difficult to see in real-time—especially during fast intraday moves. By combining price structure with RSI behavior, the indicator offers high-quality signals designed to improve entry timing, stop placement, and overall trend analysis.
Key Features
Automatic bullish & bearish regular divergences
Automatic bullish & bearish hidden divergences
Uses confirmed swing pivots to avoid repainting
Works on all assets and all timeframes
Clean visual markers for fast decision-making
Helps identify momentum exhaustion, trend continuation, and potential reversals
Useful for scalping, day trading, and swing trading setups
11-MA Institutional System (ATR+HTF Filters)11-MA Institutional Trading System Analysis.
This is a comprehensive Trading View Pine Script indicator that implements a sophisticated multi-timeframe moving average system with institutional-grade filters. Let me break down its key components and functionality:
🎯 Core Features
1. 11 Moving Average System. The indicator plots 11 customizable moving averages with different roles:
MA1-MA4 (5, 8, 10, 12): Fast-moving averages for short-term trends
MA5 (21 EMA): Short-term anchor - critical pivot point
MA6 (34 EMA): Intermediate support/resistance
MA7 (50 EMA): Medium-term bridge between short and long trends
MA8-MA9 (89, 100): Transition zone indicators
MA10-MA11 (150, 200): Long-term anchors for major trend identification
Each MA is fully customizable:
Type: SMA, EMA, WMA, TMA, RMA
Color, width, and enable/disable toggle
📊 Signal Generation System
Three Signal Tiers: Short-Term Signals (ST)
Trigger: MA8 (EMA 8) crossing MA21 (EMA 21)
Filters Applied:
✅ ATR-based post-cross confirmation (optional)
✅ Momentum confirmation (RSI > 50, MACD positive)
✅ Volume spike requirement
✅ HTF (Higher Timeframe) alignment
✅ Strong candle body ratio (>50%)
✅ Multi-MA confirmation (3+ MAs supporting direction)
✅ Price beyond MA21 with conviction
✅ Minimum bar spacing (prevents signal clustering)
✅ Consolidation filter
✅ Whipsaw protection (ATR-based price threshold)
Medium-Term Signals (MT)
Trigger: MA21 crossing MA50
Less strict filtering for swing trades
Major Signals
Golden Cross: MA50 crossing above MA200 (major bullish)
Death Cross: MA50 crossing below MA200 (major bearish)
🔍 Advanced Filtering System1. ATR-Based ConfirmationPrice must move > (ATR × 0.25) beyond the MA after crossover
This prevents false signals during low-volatility consolidation.2. Momentum Filters
RSI (14)
MACD Histogram
Rate of Change (ROC)
Composite momentum score (-3 to +3)
3. Volume Analysis
Volume spike detection (2x MA)
Volume classification: LOW, MED, HIGH, EXPL
Directional volume confirmation
4. Higher Timeframe Alignment
HTF1: 60-minute (default)
HTF2: 4-hour (optional)
HTF3: Daily (optional)
Signals only trigger when current TF aligns with HTF trend
5. Market Structure Detection
Break of Structure (BOS): Price breaking recent swing highs/lows
Order Blocks (OB): Institutional demand/supply zones
Fair Value Gaps (FVG): Imbalance areas for potential fills
📈 Comprehensive DashboardReal-Time Metrics Display: {scrollbar-width:none;-ms-overflow-style:none;-webkit-overflow-scrolling:touch;} ::-webkit-scrollbar{display:none}MetricDescriptionPriceCurrent close priceTimeframeCurrent chart timeframeSHORT/MEDIUM/MAJORTrend classification (🟢BULL/🔴BEAR/⚪NEUT)HTF TrendsHigher timeframe alignment indicatorsMomentumSTR↑/MOD↑/WK↑/WK↓/MOD↓/STR↓VolatilityLOW/MOD/HIGH/EXTR (based on ATR%)RSI(14)Color-coded: >70 red, <30 greenATR%Volatility as % of priceAdvanced Dashboard Features (Optional):
Price Distance from Key MAs
vs MA21, MA50, MA200 (percentage)
Color-coded: green (above), red (below)
MA Alignment Score
Calculates % of MAs in proper order
🟢 for bullish alignment, 🔴 for bearish
Trend Strength
Based on separation between MA21 and MA200
NONE/WEAK/MODERATE/STRONG/EXTREME
Consolidation Detection
Identifies low-volatility ranges
Prevents signals during sideways markets
⚙️ Customization OptionsFilter Toggles:
☑️ Require Momentum
☑️ Require Volume
☑️ Require HTF Alignment
☑️ Use ATR post-cross confirmation
☑️ Whipsaw filter
Min bars between signals (default: 5)
Dashboard Styling:
9 position options
6 text sizes
Custom colors for header, rows, and text
Toggle individual metrics on/off
🎨 Visual Elements
Signal Labels:
ST▲/ST▼ (green/red) - Short-term
MT▲/MT▼ (blue/orange) - Medium-term
GOLDEN CROSS / DEATH CROSS - Major signals
Volume Spikes:
Small labels showing volume class + direction
Example: "HIGH🟢" or "EXPL🔴"
Market Structure:
Dashed lines for Break of Structure levels
Automatic detection of swing highs/lows
🔔 Alert Conditions
Pre-configured alerts for:
Short-term bullish/bearish crosses
Medium-term bullish/bearish crosses
Golden Cross / Death Cross
Volume spikes
💡 Key Strengths
Institutional-Grade Filtering: Multiple confirmation layers reduce false signals
Multi-Timeframe Analysis: Ensures alignment across timeframes
Adaptive to Market Conditions: ATR-based thresholds adjust to volatility
Comprehensive Dashboard: All critical metrics in one view
Highly Customizable: 100+ input parameters
Signal Quality Over Quantity: Strict filters prioritize high-probability setups
⚠️ Usage Recommendations
Best for: Swing trading and position trading
Timeframes: Works on all TFs, optimized for 15m-Daily
Markets: Stocks, Forex, Crypto, Indices
Signal Frequency: Conservative (quality over quantity)
Combine with: Support/resistance, price action, risk management
🔧 Technical Implementation Notes
Uses Pine Script v6 syntax
Efficient calculation with minimal repainting
Maximum 500 labels for performance
Security function for HTF data (no lookahead bias)
Array-based MA alignment calculation
State variables to track signal spacing
This is a professional-grade trading system that combines classical technical analysis (moving averages) with modern institutional concepts (market structure, order blocks, multi-timeframe alignment).
The extensive filtering system is designed to eliminate noise and focus on high-probability trade setups.
Order Block Finder [MHA Finverse]Order Block Finder is a sophisticated Smart Money Concepts (SMC) tool designed to identify and visualize institutional order blocks on your charts. This indicator helps traders spot key areas where smart money has placed their orders, providing valuable insights for potential support and resistance zones.
What are Order Blocks?
Order blocks are price zones where institutional traders have placed significant orders. This indicator identifies these zones by detecting pivot points in price action and tracking structural breaks in both internal (short-term) and swing (long-term) timeframes.
Key Features:
• Dual Structure Analysis
- Internal Order Blocks: Fast-moving blocks based on 5-bar pivots for short-term trading
- Swing Order Blocks: Slower blocks based on 50-bar pivots for position trading
- Display up to 20 order blocks per type
• Volume Metrics
Each order block displays two important metrics:
- Volume value: The total volume of the candle that formed the order block
- Percentage: Relative volume compared to all visible order blocks (always totals 100%)
Higher percentages indicate stronger institutional activity and more significant zones
• Smart Filtering System
- ATR Filter: Filters out high-volatility candles (>2x ATR) to focus on genuine order blocks
- CMR Filter: Uses Cumulative Mean Range for adaptive filtering across different market conditions
• Flexible Mitigation Options
Choose how order blocks are considered broken:
- High/Low: Order block breaks when price touches its boundary
- Close: Order block breaks only when candle closes through it
• Visual Customization
- Colored or Monochrome themes
- Adjustable text size for volume metrics
- Customizable colors for bullish and bearish blocks
- Historical or Present mode for clean chart analysis
• Built-in Alert System
- Real-time alerts when order blocks are mitigated
- Individual toggles for each alert type
- Clear emoji indicators (🔵 Bullish, 🔴 Bearish)
- Compatible with TradingView's alert system
How It Works:
The indicator identifies order blocks by:
1. Detecting pivot highs and lows in price structure
2. Monitoring when price crosses these pivots (structure breaks)
3. Finding the highest/lowest volatility-filtered candle in the pivot zone
4. Marking this candle as an order block with its volume data
5. Removing blocks when the price mitigates them
Order blocks with higher volume percentages represent stronger institutional interest and are typically more reliable for trading decisions.
Best Practices:
- Use Internal OBs for day trading and scalping
- Use Swing OBs for swing trading and position entries
- Pay attention to blocks with higher volume percentages
- Combine with other SMC concepts for confirmation
Perfect for traders who follow Smart Money Concepts, ICT methodology, and institutional trading analysis.
Disclaimer:
This indicator is provided for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument. Trading involves substantial risk of loss and is not suitable for all investors. Past performance does not guarantee future results. Always conduct your own research and consult with a qualified financial advisor before making any trading decisions. The creator of this indicator assumes no responsibility for any losses incurred from its use.
Trinity ATR Real Move DetectorTrinity ATR Real Move Detector
This ATR Energy Table indicator is one of the simplest yet most powerful filters you can have on a chart when trading short-dated or 0DTE options or swing trades on any timeframe from 1-minute up to 4-hour. Its entire job is to answer the single most important question in intraday and swing trading: “Does the underlying actually have enough short-term explosive energy right now to make a directional position worth the theta and the spread, or is this just pretty candles that will die in ten minutes?”
Most losing 0DTE and short-dated option trades happen because people buy or sell direction on a “nice-looking” breakout or pullback while the underlying is actually in low-energy grind mode. The premium decays faster than the move develops, and you lose even when you’re “right” on direction. This little table stops that from ever happening again.
Here’s what it does in plain English:
Every bar it measures two things:
- The current ATR on whatever timeframe you are using (1 min, 3 min, 5 min, 10 min, etc.). This tells you how big the average true range of the last 14 bars has been — in other words, how violently the stock or index is actually moving right now.
- The daily ATR (14-period on the daily chart). This is your benchmark for “normal” daily movement over the last two–three weeks.
It then multiplies the daily ATR by a small number (the multiplier you set) and compares the two. If the short-term ATR is bigger than that percentage of the daily ATR, the table turns bright green and says “ENOUGH ENERGY”. If not, it stays red and says “NOT ENOUGH”.
Why this works so well:
- Real explosive moves that carry for 0DTE and 1–3 DTE options almost always show a short-term ATR spike well above the recent daily average. Quiet grind moves never do.
- The comparison is completely adaptive — on a high-vol day the threshold automatically rises, on a low-vol day it automatically drops. You never have to guess if “2 points on SPY is big today”.
- It removes emotion completely. You simply wait for green before you even think about clicking buy or sell on an option.
Key settings and what to do with them:
- Energy Multiplier — this is the only number you ever touch. It is expressed as a decimal (0.15 = 15 % of the daily ATR). Lower = more signals, higher = stricter and higher win rate. The tooltip gives you the exact sweet-spot numbers for every popular timeframe (0.09 for 1-minute scalping, 0.13 for 3-minute, 0.14–0.16 for 5-minute, 0.15–0.19 for 10-minute, etc.). Just pick your timeframe once and type the number — done forever.
- ATR Length — leave it at 14. That’s the standard and works perfectly.
- Table Position — move the table to wherever you want on the chart (top-right, bottom-right, bottom-left, top-left).
- Table Size — make the text Tiny, Small, Normal or Large depending on how much screen space you have.
How this helps you make money and stop losing it:
- On most days you will see red 80–90 % of the time — that’s good! It is forcing you to sit on your hands instead of overtrading low-energy chop that eats premium.
- When it finally flips green you know institutions are actually pushing size right now — follow-through probability jumps from ~40 % to 65–75 % depending on the stock and timeframe.
- You stop buying calls on every green candle and puts on every red candle. You only strike when the market is genuinely “awake”.
- Over a week you take dramatically fewer trades, but your win rate and average winner size go way up — which is exactly how consistent intraday option profits are made.
In short, this tiny table is the closest thing to an “edge on/off switch” that exists for short-dated options. Red = preserve capital and go do something else. Green = pull the trigger with confidence. Use it religiously and you’ll immediately feel the difference in your P&L.
TDI Fibonacci Volatility Bands Candle Coloring [cryptalent]"This is an advanced Traders Dynamic Index (TDI) candle coloring system, designed for traders seeking precise dynamic analysis. Unlike traditional TDI, which typically relies on a 50 midline with a single standard deviation band (±1 SD), this indicator innovatively incorporates Fibonacci golden ratio multiples (1.618, 2.618, 3.618 times standard deviation) to create multi-layered dynamic bands. It precisely divides the RSI fast line (green line) position into five distinct strength zones, instantly reflecting them on the candle colors, allowing you to grasp market sentiment in real-time without switching to a sub-chart.
Core Calculation Logic:
RSI Period (default 20), Band Length (default 50), and Fast MA Smoothing Period (default 1) are all adjustable.
The midline is the Simple Moving Average (SMA) of RSI, with upper and lower bands calculated by multiplying Fibonacci multiples with Standard Deviation (STDEV), generating three dynamic band sets: 1.618, 2.618, and 3.618.
Traders can quickly identify the following scenarios:
Extreme Overbought Zone (Strong Bullish, Red): Fast line exceeds custom threshold (default 82) and breaks above the specified band (default 2.618). This often signals overheating, potentially a profit-taking point or reversal short entry, especially at trend tops.
Extreme Oversold Zone (Strong Bearish, Green): Fast line drops below custom threshold (default 28) and breaks below the specified band (default 2.618). This is a potential strong rebound starting point, ideal for bottom-fishing or long entries.
Medium Bullish Zone (Yellow): Fast line surpasses medium threshold (default 66) and stands above the specified band (default 1.618), indicating bullish dominance in trend continuation.
Medium Bearish Zone (Orange): Fast line falls below medium threshold (default 33) and breaks below the specified band (default 1.618), signaling bearish control in segment transitions.
Neutral Zone (No Color Change): Fast line within custom upper and lower limits (default 34~65), retaining original candle colors to avoid noise interference during consolidation.
Color priority logic flows from strong to weak (Extreme > Medium > Neutral), ensuring no conflicts. All parameters are highly customizable, including thresholds, band selections (1.618/2.618/3.618/Midline/None), color schemes, and even optional semi-transparent background coloring (default off, transparency 90%) for enhanced visual layering.
Applicable Scenarios:
Intraday Trading: Capture extreme color shifts as entry/exit signals.
Swing Trading: Use medium colors to confirm trend extensions.
Long-Term Trend Following: Filter noise in neutral zones to focus on major trends.
Supports various markets like forex, stocks, and cryptocurrencies. After installation, adjust parameters in settings to match your strategy, and combine with other indicators like moving averages or support/resistance for improved accuracy.
If you're a TDI enthusiast, this will make your trading more intuitive and efficient!
Advanced Confluence DashboardAdvanced Confluence Dashboard - Multi-Indicator Technical Analysis Tool
OVERVIEW
The Advanced Confluence Dashboard is a comprehensive technical analysis tool designed to help traders identify high-probability trade setups by tracking multiple technical indicators simultaneously. The indicator displays up to 13 different technical confluences in an easy-to-read dashboard format, providing both individual signals and an overall market bias percentage. Switch between full table view and condensed view for maximum chart flexibility.
FEATURES
- 13 Technical Confluences: RSI, VWAP, EMA Cross (9/21), MACD, Stochastic, Trend (50 EMA), Bollinger Bands, ADX Strength, Price Momentum, Volume Breakout, VWAP Bands, 200 EMA, and Price Action (Higher Highs/Lower Lows)
- Real-time Confluence Scoring: Automatically calculates bullish vs bearish signal strength
- Multi-Timeframe Support: Analyze indicators on any timeframe while viewing your chart on another
- Customizable Display: Toggle individual indicators on/off, adjust table position, size, and transparency
- ATR Information: Optional ATR display for volatility-based position sizing
- Condensed View Mode: Ultra-minimal display showing only confluence score and ATR (perfect for scalpers who want maximum chart visibility)
- Full Table View: Detailed breakdown of each indicator's value and signal
- Color-Coded Signals: Green (bullish), red (bearish), white (neutral) for instant visual clarity
HOW IT WORKS
The indicator evaluates each enabled technical indicator and assigns it either a bullish or bearish signal based on its current state. The confluence score shows how many indicators are aligned in each direction, giving you a clear percentage-based view of market bias. For example, if 8 out of 13 indicators are bullish, you'll see a 62% LONG BIAS signal.
DISPLAY MODES
Full View: Shows all enabled indicators with their current values and signals in a detailed table format. Perfect for understanding exactly which indicators are bullish or bearish and why.
Condensed View: Shows only the confluence score (e.g., "4/13 LONG | 9/13 SHORT - SHORT BIAS 69%") and optional ATR information. This minimal display keeps your chart clean while still providing the essential confluence data you need for quick trading decisions. Ideal for scalpers and traders who want maximum chart space.
CONFLUENCES EXPLAINED
- RSI: Momentum oscillator (>50 bullish, <50 bearish, shows overbought/oversold)
- VWAP: Volume-weighted average price (above = bullish, below = bearish)
- EMA Cross: Fast EMA (9) vs Slow EMA (21) with price position
- MACD: Trend-following momentum (line above signal = bullish)
- Stochastic: Momentum oscillator (>50 bullish, <50 bearish)
- Trend (50 EMA): Price position relative to 50-period EMA
- Bollinger Bands: Volatility and mean reversion (above middle = bullish)
- ADX Strength: Trend strength indicator (shows strong trends)
- Price Momentum: Rate of price change over specified period
- Volume Breakout: Detects unusual volume with directional bias
- VWAP Bands: Standard deviation bands around VWAP
- 200 EMA: Long-term trend indicator
- Price Action: Higher Highs and Lower Lows pattern detection
SETTINGS
Timeframe Settings:
- Indicator Timeframe: Analyze indicators on a different timeframe than your chart
Display Options:
- Condensed View: Toggle between full table and minimal display
- Show ATR Info: Display/hide ATR information
- Table Position: 9 positions (top/middle/bottom + left/center/right)
- Text Size: Auto, tiny, small, normal, large, huge
- Table Transparency: 0-100%
- Border Width: 1-5 pixels
Confluence Toggles:
- Enable/disable any of the 13 confluences individually
- Confluence score automatically adjusts based on enabled indicators
Indicator Settings:
- RSI Length (default: 14)
- ATR Length (default: 14)
- Fast/Slow EMA (default: 9/21)
- Trend EMA (default: 50)
- Volume SMA Length (default: 20)
- Volume Breakout Multiplier (default: 2.0x)
- Bollinger Bands Length/StdDev (default: 20/2.0)
- ADX Length (default: 14)
- ADX Strength Threshold (default: 25)
- Momentum Length (default: 10)
IDEAL USE CASES
- Scalping: Quick identification of confluence for fast entries/exits - use condensed view for clean charts
- Day Trading: Multi-timeframe analysis for intraday setups
- Swing Trading: Confirmation of longer-term bias
- Risk Management: Higher confluence = higher probability trades
- Trade Filtering: Only take trades when confluence reaches your threshold
- Multi-Monitor Setups: Use condensed view on execution charts, full view on analysis charts
HOW TO USE
1. Add the indicator to your chart
2. Toggle on/off the confluences you prefer to use
3. Choose between Full View (detailed) or Condensed View (minimal)
4. Adjust the table position and size to your preference
5. Look for high confluence percentages (70%+ is strong bias)
6. Use the individual indicator signals (full view) to understand market structure
7. Combine with your trading strategy for entry/exit confirmation
TIPS
- Use Condensed View when scalping to keep your chart clean and uncluttered
- Switch to Full View when you need to analyze which specific indicators are conflicting
- Higher confluence doesn't guarantee success - always use proper risk management
- Consider using 60%+ confluence as a minimum threshold for trades
- Pay attention to which specific indicators are aligned vs conflicting
- Use the ATR display for quick reference on position sizing
- Experiment with different timeframes to find what works for your style
- Disable indicators you don't use to simplify your confluence scoring
DISCLAIMER
This indicator is for educational and informational purposes only. It does not constitute financial advice, investment advice, trading advice, or any other type of advice. Trading and investing in financial markets involves substantial risk of loss and is not suitable for every investor. Past performance is not indicative of future results. Always do your own research and consult with a qualified financial advisor before making any investment decisions.
Volume Profile VisionVolume Profile Vision - Complete Description
Overview
Volume Profile Vision (VPV) is an advanced volume profile indicator that visualizes where trading activity has occurred at different price levels over a specified time period. Unlike traditional volume indicators that show volume over time, this indicator displays volume distribution across price levels, helping traders identify key support/resistance zones, fair value areas, and potential reversal points.
What Makes This Indicator Original
Volume Profile Vision introduces several unique features not found in standard volume profile tools:
Dual-Direction Histogram Display:
Unlike conventional volume profiles that only show bars extending in one direction, VPV displays volume bars extending both left (into historical candles) and right (as a traditional histogram). This bi-directional approach allows traders to see exactly where historical price action intersected with high-volume nodes.
Real-Time Candle Highlighting: The indicator dynamically highlights volume bars that intersect with the current candle's price range, making it immediately obvious which volume levels are currently in play.
Four Professional Color Schemes: Each color scheme uses distinct gradient algorithms and visual encoding systems:
Traffic Light: Uses red (POC), green (VA boundaries), yellow (HVN), with grayscale gradients outside the value area
Aurora Glass: Modern cyan-to-magenta gradient with hot magenta POC highlighting
Obsidian Precision: Professional dark theme with white POC and electric cyan accents
Black Ice: Monochromatic cyan family with graduated intensity
Adaptive Transparency System: Automatically adjusts bar transparency based on position relative to value area, with special handling for each color scheme to maintain visual clarity.
Core Concepts & Calculations
Volume Distribution Analysis
The indicator divides the visible price range into user-defined price levels (default: 80 levels) and calculates the total volume traded at each level by:
Scanning back through the specified lookback period (customizable or visible range)
For each historical bar, determining which price levels the bar's high/low range intersects
Accumulating volume for each intersected price level
Optionally filtering by bullish/bearish volume only
Point of Control (POC)
The POC is the price level with the highest traded volume during the analyzed period. This represents the "fairest" price where most traders agreed on value. The indicator marks this with distinct coloring (red in Traffic Light, magenta in Aurora Glass, white in Obsidian Precision, cyan in Black Ice).
Trading Significance: POC acts as a strong magnet for price - markets tend to return to fair value. When price is away from POC, traders watch for:
Mean reversion opportunities when price is far from POC
Rejection signals when price tests POC from above/below
Breakout confirmation when price breaks through and holds beyond POC
Value Area (VA)
The Value Area encompasses the price range where a specified percentage (default: 68%) of all volume traded. This represents the range of "accepted value" by market participants.
Calculation Method:
Start at the POC (highest volume level)
Expand upward and downward, adding adjacent price levels
Always add the level with higher volume next
Continue until accumulated volume reaches the VA percentage threshold
Value Area High (VAH): Upper boundary of accepted value - acts as resistance
Value Area Low (VAL): Lower boundary of accepted value - acts as support
Trading Significance:
Price spending time inside VA indicates market equilibrium
Breakouts above VAH suggest bullish momentum shift
Breakdowns below VAL suggest bearish momentum shift
Returns to VA boundaries often provide high-probability entry zones
High Volume Nodes (HVN)
Price levels with volume exceeding a threshold percentage (default: 80%) of POC volume. These represent areas of strong agreement and consolidation.
Trading Significance:
HVNs act as strong support/resistance zones
Price tends to consolidate at HVNs before making directional moves
Breaking through an HVN often signals strong momentum
Low Volume Nodes (LVN)
Price levels within the Value Area with volume ≤30% of POC volume. These are zones price moved through quickly with minimal consolidation.
Trading Significance:
LVNs represent areas of rejection - price finds little acceptance
Price tends to move rapidly through LVN zones
Useful for setting stop-losses (below LVN for longs, above for shorts)
Can identify potential gaps or "air pockets" in the market structure
Grayscale POC Detection
A secondary POC detection system identifies the highest volume level outside the Value Area (with a 2-level buffer to avoid confusion). This helps identify significant volume accumulation zones that exist beyond the main value area.
How to Use This Indicator
Setup
Choose Lookback Period:
Enable "Use Visible Range" to analyze only what's on your chart
Or set "Fixed Range Lookback Depth" (default: 200 bars) for consistent analysis
Adjust Profile Resolution:
"Number of Price Levels" (default: 80) - higher = more granular analysis, lower = broader zones
Select Color Scheme:
Traffic Light: Best for clear POC/VA/HVN identification
Aurora Glass: Modern aesthetic for dark charts
Obsidian Precision: Professional trader preference
Black Ice: Minimalist single-color family
Visual Customization
Left Extension: How far back the left-side histogram extends into historical candles (default: 490 bars)
Right Extension: Width of the traditional histogram bars on the right (default: 50 bars)
Right Margin: Space between current price bar and histogram (default: 0 for flush alignment)
Left Profile Gap: Space between left-side histogram and candles (default: 0)
Trading Strategies
Strategy 1: Value Area Mean Reversion
Wait for price to move outside the Value Area (above VAH or below VAL)
Look for rejection signals (wicks, bearish/bullish candles)
Enter trades toward the POC
Take profits as price returns to POC or opposite VA boundary
Strategy 2: Breakout Confirmation
Identify when price is consolidating within the Value Area
Wait for a strong close above VAH (bullish) or below VAL (bearish)
Enter on the breakout or on first pullback to the VA boundary
Target previous HVNs or swing highs/lows outside the VA
Strategy 3: POC Support/Resistance
Watch for price approaching the POC level
If approaching from below, look for bullish reversal patterns at POC (support)
If approaching from above, look for bearish reversal patterns at POC (resistance)
Trade in the direction of the bounce with stops beyond the POC
Strategy 4: LVN Fast Movement Zones
Identify LVN zones within the Value Area (marked with "LVN" label)
When price enters an LVN, expect rapid movement through the zone
Avoid entering trades within LVNs
Use LVNs as confirmation of directional momentum
Alert System
The indicator includes 7 customizable alert conditions:
POC Touch: Alerts when price comes within 0.5 ATR of POC
VAH/VAL Touch: Alerts at Value Area boundaries
VA Breakout: Alerts on breakouts above VAH or below VAL
HVN Touch: Alerts when price contacts High Volume Nodes
LVN Entry: Alerts when entering Low Volume zones
POC Shift: Alerts when POC moves to a new price level
Reading the Profile
Price Labels (shown on the right side):
POC: Point of Control - highest volume price level
VAH: Value Area High - upper boundary of accepted value
VAL: Value Area Low - lower boundary of accepted value
LVN: Low Volume Node - expect fast movement through this zone
Color Intensity Interpretation:
Brighter colors = higher volume concentration
Dimmer colors = lower volume
Abrupt color changes = transition between volume zones
Gaps in the histogram = price levels with no trading activity
Technical Details
Volume Accumulation Logic:
For each bar in lookback period:
For each price level:
If bar's high/low range intersects price level:
Add bar's volume to that price level's total
Gradient Algorithm:
Traffic Light: Dual-range piecewise gradient (0-50% and 50-100% volume intensity)
Aurora Glass: Linear cyan-to-magenta interpolation
Obsidian Precision: Dark blue gradient with cyan highlights
Black Ice: Three-stage cyan intensity progression
Real-Time Updates:
The profile recalculates on every bar, including real-time tick data, ensuring the volume distribution always reflects current market structure.
Best Practices
Timeframe Selection: Use higher timeframes (4H, Daily) for swing trading, lower timeframes (5min, 15min) for day trading
Combine with Price Action: Volume profile shows WHERE, price action shows WHEN
Multiple Timeframe Analysis: Check daily VP for major levels, then drill down to intraday for entries
Volume Type Selection: Use "Bullish" volume in uptrends, "Bearish" in downtrends, or "Both" for complete picture
Adjust VA Percentage: 68% (default) captures one standard deviation; try 70% for tighter or 60% for broader value areas
Performance Notes
Maximum bars back: 5000 (handles deep historical analysis)
Maximum boxes: 500 (handles complex profiles)
Optimized calculation: Only recalculates on last bar for efficiency
Real-time capable: Updates as new ticks arrive
Adaptive Risk Management [sgbpulse]1. Introduction:
Adaptive Risk Management is an advanced indicator designed to provide traders with a comprehensive risk management tool directly on the chart. Instead of relying on complex manual calculations, the indicator automates all critical steps of trade planning. It dynamically calculates the estimated Entry Price , the Stop Loss location, the required Position Size (Quantity) based on your capital and risk limits, and the three Take Profit targets based on your defined Reward/Risk ratios. The indicator displays all these essential data points clearly and visually on the chart, ensuring you always know the potential risk-reward profile of every trade.
ARM : The A daptive R isk M anagement every trader needs to ARM themselves with.
2. The Critical Importance of Risk Management
Proper risk management is the cornerstone of successful trading. Consistent profitability in the market is impossible without rigorously defining risk limits.
Risk Control: This starts by setting the maximum risk amount you are willing to lose in a single trade (Risk per Trade), and limiting the total capital allocated to the position (Max Capital per Trade).
Defining Boundaries (Stop Loss & Take Profit): It is mandatory to define a technical Stop Loss and a Take Profit target. A fundamental rule of risk management is that the Reward/Risk Ratio (R/R) must be a minimum of 1:1.
3. Core Features, Adaptivity, and Customization
The Adaptive Risk Management indicator is engineered for use across all major trading styles, including Swing Trading, Intraday Trading, and Scalping, providing consistent risk control regardless of the chosen timeframe.
Real-Time Dynamic Adaptivity: The indicator calculates all risk management parameters (Entry, Stop Loss, Quantity) dynamically with every new bar, thus adapting instantly to changing market conditions.
Trend Direction Adjustment: Define the analysis direction (Long/Uptrend or Short/Downtrend).
Intraday Session Data Control: Full control over whether lookback calculations will include data from Extended Trading Hours (ETH), or if the daily calculations will start actively only from the first bar of Regular Trading Hours (RTH).
Status Validation: The indicator performs critical status checks and displays clear Warning Messages if risk conditions are not met.
4. Intuitive Visualization and Real-Time Data
Dynamic Tracking Lines: The Entry Price and Stop Loss lines are updated with every new bar. Crucially, the length of these lines dynamically reflects the calculation's lookback range (e.g., the extent of Lookback Bars or the location of the confirmed Pivot Point), providing a visual anchor for the calculated price.
Risk and Reward Zones: The indicator creates a graphical background fill between Entry and Stop Loss (marked with the risk color) and between Entry and the Reward Targets (marked with the reward color).
Essential Information Labels: Labels are placed at the end of each line, providing critical data: Estimated Entry Price, Stock/Contract Quantity (Quantity), Total Entry Amount, Estimated Stop Loss, Risk per Share, Total Financial Risk (Risk Amount), Exit Amount, Estimated Take Profit 1/2/3, Reward/Risk Ratio 1/2/3, Total Reward 1/2/3, TP Exit Amount 1/2/3.
4.1. Data Window Metrics (16 Full Series)
The indicator displays 16 full data series in the TradingView Data Window, allowing precise tracking of every calculation parameter:
Entry Data: Estimated Entry, Quantity, Entry Amount.
Risk Data (Stop Loss): Estimated Stop Loss, Risk per Share, Risk Amount, Exit Amount.
Reward Data (Take Profit): Estimated Take Profit 1/2/3, Reward/Risk Ratio 1/2/3, Total Reward 1/2/3, TP Exit Amount 1/2/3.
4.2. Instant Tracking in the Status Line
The indicator displays 6 critical parameters continuously in the indicator's Status Line: Estimated Entry, Quantity, Estimated Stop Loss, Estimated Take Profit 1/2/3.
5. Detailed Indicator Inputs
5.1 General
Focused Trend: Defines the analysis direction (Uptrend / Downtrend).
Max Capital per Trade: The maximum amount allocated to purchasing stocks/contracts (in account currency).
Risk per Trade: The maximum amount the user is willing to risk in this single trade (in account currency).
ATR Length: The lookback period for the Average True Range (ATR) calculation.
5.2 Intraday Session Data Control
Regular Hours Limitation : If enabled, all daily lookback calculations (for Entry/Stop Loss anchor points) will begin strictly from the first Regular Trading Hours (RTH) bar. This limits the lookback range to the current RTH session, excluding preceding Extended Trading Hours (ETH) data. Only relevant for Intraday charts. Default: False (Off)
5.3 Entry Inputs
Entry Method: Selects the entry price calculation method:
Current Price: Uses the closing price of the current bar as the estimated entry point (Market Entry).
ATR Real Bodies Margin :
- Uptrend: Calculates the Maximum Real Body over the lookback period + the calculated safety margin.
- Downtrend: Calculates the Minimum Real Body over the lookback period - the calculated safety margin.
ATR Bars Margin :
- Uptrend: Calculates the Maximum High price over the lookback period + the calculated safety margin.
- Downtrend: Calculates the Minimum Low price over the lookback period - the calculated safety margin.
Lookback Bars: The number of bars used to calculate the extremes in the ATR-based entry methods (Relevant only for ATR Real Bodies Margin and ATR Bars Margin methods).
ATR Multiplier (Entry): The multiplier applied to the ATR value. The result of the multiplication is the calculated safety margin used to determine the estimated Entry Price.
5.4 Risk Inputs (Stop Loss)
Risk Method: Selects the Stop Loss price calculation method.
ATR Current Price Margin :
- Uptrend: Entry Price - the calculated safety margin.
- Downtrend: Entry Price + the calculated safety margin.
ATR Current Bar Margin :
- Uptrend: Current Bar's Low price - the calculated safety margin.
- Downtrend: Current Bar's High price + the calculated safety margin.
ATR Bars Margin :
- Uptrend: Lowest Low over lookback period - the calculated safety margin.
- Downtrend: Highest High over lookback period + the calculated safety margin.
ATR Pivot Margin :
- Uptrend: The first confirmed Pivot Low point - the calculated safety margin.
- Downtrend: The first confirmed Pivot High point + the calculated safety margin.
Lookback Bars: The lookback period for finding the extreme price used in the 'ATR Bars Margin' calculation.
ATR Multiplier (Risk): The multiplier applied to the ATR value. The result of the multiplication is the calculated safety margin used to place the estimated Stop Loss. Note: If set to 0, the Stop Loss will be placed exactly at the technical anchor point, provided the Minimum Margin Value is also 0.
Minimum Margin Value: The minimum price value (e.g., $0.01) the Stop Loss margin buffer must be.
Pivot (Left / Right): The number of bars required on either side of the pivot bar for confirmation (relevant only for the ATR Pivot Margin method).
5.5 Reward Inputs (Take Profit)
Show Take Profit 1/2/3: ON/OFF switch to control the visibility of each Take Profit target.
Reward/Risk Ratio 1/ 2/ 3: Defines the R/R ratio for the profit target. Must be ≥1.0.
6. Indicator Status/Warning Messages
In situations where the Stop Loss location cannot be calculated logically and validly, often caused by a mismatch between the configured Focused Trend (Uptrend/Downtrend) and the actual price action, the indicator will display a warning message, explaining the reason and suggesting corrective action.
Status Message 1: Pivot reference unavailable
Condition: The Stop Loss is set to the "ATR Pivot Margin" method, but the anchor point (Pivot) is missing or inaccessible.
Message Displayed: "Pivot reference unavailable. Wait for valid price action, or adjust the Regular Hours Limitation setting or Pivot Left/Right inputs."
Status Message 2: Calculated Stop Loss is unsafe
Condition: The calculated Stop Loss is placed illogically or unsafely relative to the trend direction and the Entry price.
Message Displayed: "Calculated Stop Loss is unsafe for current trend. Wait for valid price action or adjust SL Lookback/Multiplier."
7. Summary
The Adaptive Risk Management (ARM) indicator provides a seamless and systematic approach to trade execution and risk control. By dynamically automating all critical trade parameters—from Entry Price and Stop Loss placement to Position Sizing and Take Profit targets—ARM removes emotional bias and ensures every trade adheres strictly to your predefined risk profile.
Key Benefits:
Systematic Risk Control: Strict enforcement of maximum capital allocation and risk per trade limits.
Adaptivity: Dynamic calculation of prices and quantities based on real-time market data (ATR and Lookback).
Clarity and Trust: Clear on-chart visualization, precise data metrics (16 series), and unambiguous Status/Warning Messages ensure transparency and reliability.
ARM allows traders to focus on strategy and analysis, confident that their execution complies with the core principles of professional risk management.
Important Note: Trading Risk
This indicator is intended for educational and informational purposes only and does not constitute investment advice or a recommendation for trading in any form whatsoever.
Trading in financial markets involves significant risk of capital loss. It is important to remember that past performance is not indicative of future results. All trading decisions are your sole responsibility. Never trade with money you cannot afford to lose.
VWAP-Anchored MACD [BOSWaves]VWAP-Anchored MACD - Volume-Weighted Momentum Mapping With Zero-Line Filtering
Overview
The VWAP-Anchored MACD delivers a refined momentum model built on volume-weighted price rather than raw closes, giving you a more grounded view of trend strength during sessions, weeks, or months.
Instead of tracking two EMAs of price like a standard MACD, this tool reconstructs the MACD engine using anchored VWAP as the core input. The result is a momentum structure that reacts to real liquidity flow, filters out weak crossovers near the zero line, and visualizes acceleration shifts with clear, high-contrast gradients.
This indicator acts as a precise momentum map that adapts in real time. You see how weighted price is accelerating, where valid crossovers form, and when trend conviction is strong enough to justify execution.
It uses gradient line coloring to show bullish or bearish momentum, histogram shading to highlight energy shifts, cross dots to mark valid crossovers, optional buy/sell diamonds for execution cues, and candle coloring to display trend strength at a glance.
Theoretical Foundation
Traditional MACD compares the difference between two exponential moving averages of price.
This variant replaces price with anchored VWAP, making the calculation sensitive to actual traded volume across your chosen period (Session, Week, or Month).
Three principles drive the logic:
Anchored VWAP Momentum : Price is weighted by volume and aggregated across the selected anchor. The fast and slow VWAP-EMAs then expose how liquidity-corrected momentum is expanding or contracting.
Zero-Line Distance Filtering : Crossover signals that occur too close to the zero line are removed. This eliminates the common MACD problem of generating weak, directionless signals in choppy phases.
Directional Visualization : MACD line, signal line, histogram, candle colors, and optional diamond markers all react to shifts in VWAP-momentum, giving you a clean structural read on market pressure.
Anchoring VWAP to session, weekly, or monthly resets creates a systematic framework for tracking how capital flow is driving momentum throughout each trading cycle.
How It Works
The core engine processes momentum through several mapped layers:
VWAP Aggregation : Price × volume is accumulated until the anchor resets. This creates a continuous, liquidity-corrected VWAP curve.
MACD Construction : Fast and slow VWAP-EMAs define the MACD line, while a smoothed signal line identifies edges where momentum shifts.
Zero-Line Distance Filter : MACD and signal must both exceed a threshold distance from zero for a crossover to count as valid. This prevents fake crossovers during compression.
Visual Momentum Layers : It uses gradient line coloring to show bullish or bearish momentum, histogram shading to highlight energy shifts, cross dots to mark valid crossovers, optional buy/sell diamonds for execution cues, and candle coloring to display trend strength at a glance.
This layered structure ensures you always know whether momentum is strengthening, fading, or transitioning.
Interpretation
You get a clean, structural understanding of VWAP-based momentum:
Bullish Phases : MACD > Signal, histogram expands, candles turn bullish, and crossovers occur above the threshold.
Bearish Phases : MACD < Signal, histogram drives lower, candles shift bearish, and downward crossovers trigger below the threshold.
Neutral/Compression : Both lines remain near the zero boundary, histogram flattens, and signals are suppressed to avoid noise.
This creates a more disciplined version of MACD momentum reading - less noise, more conviction, and better alignment with liquidity.
Strategy Integration
Trend Continuation : Use VWAP-MACD crossovers that occur far from the zero line as higher-conviction entries.
Zero-Line Rejection : Watch for histogram contractions near zero to anticipate flattening momentum and potential reversal setups.
Session/Week/Month Anchors : Session anchor works best for intraday flows. Weekly or monthly anchor structures create cleaner macro momentum reads for swing trading.
Signal-Only Execution : Optional buy/sell diamonds give you direct points to trigger trades without overanalyzing the chart.
This indicator slots cleanly into any momentum-following system and offers higher signal quality than classic MACD variants due to the volume-weighted core.
Technical Implementation Details
VWAP Reset Logic : Session (D), Week (W), or Month (M)
Dynamic Fast/Slow VWAP EMAs : Fully configurable lengths, smoothing and anchor settings
MACD/Signal Line Framework : Traditional structure with volume-anchored input
Zero-Line Filtering : Adjustable threshold for structural confirmation
Dual Visualization Layers : MACD body + histogram + crosses + candle coloring
Optimized Performance : Lightweight, fast rendering across all timeframes
Optimal Application Parameters
Timeframes:
1- 15 min : Short-term momentum scalping and rapid trend shifts
30- 240 min : Balanced momentum mapping with clear structural filtering
Daily : Macro VWAP regime identification
Suggested Configuration:
Fast Length : 12
Slow Length : 26
Signal Length : 9
Zero Threshold : 200 - 500 depending on asset range
These suggested parameters should be used as a baseline; their effectiveness depends on the asset volatility, liquidity, and preferred entry frequency, so fine-tuning is expected for optimal performance.
Performance Characteristics
High Effectiveness:
Assets with strong intraday or session-based volume cycles
Markets where volume-weighted momentum leads price swings
Trend environments with strong acceleration
Reduced Effectiveness:
Ultra-choppy markets hugging the VWAP axis
Sessions with abnormally low volume
Ranges where MACD naturally compresses
Disclaimer
The VWAP-Anchored MACD is a structural momentum tool designed to enhance directional clarity - not a guaranteed predictor. Performance depends on market regime, volatility, and disciplined execution. Use it alongside broader trend, volume, and structural analysis for optimal results.
On Balance Volume [BrightSideTrading]
# On Balance Volume - Complete User Guide
## Overview
This enhanced OBV indicator provides clean, actionable volume analysis with intelligent signal filtering. It combines On-Balance Volume (OBV) with a smoothed signal line to identify shifts in buying and selling pressure without chart clutter.
**Key Features:**
- Real-time OBV and signal line visualization
- Smart crossover detection with confirmation filtering
- Z-Score momentum analysis
- Customizable signal alerts with V-shaped markers
- Window-normalized option for detrended analysis
---
## What is On-Balance Volume (OBV)?
OBV is a volume-based momentum indicator that accumulates volume on up days and subtracts volume on down days. It answers a fundamental question: **Is volume flowing in (buying) or out (selling)?**
**Formula:**
- If Close > Previous Close: OBV = Previous OBV + Volume
- If Close < Previous Close: OBV = Previous OBV - Volume
- If Close = Previous Close: OBV = Previous OBV (unchanged)
**What it tells you:**
- **Rising OBV** = Accumulation (smart money buying)
- **Falling OBV** = Distribution (smart money selling)
- **OBV above zero line** = Net positive buying pressure
- **OBV below zero line** = Net negative selling pressure
---
## Interface & Settings
### **MAIN VISUALIZATION**
**OBV Line (Green/Red Ribbon)**
- Green when OBV is above the signal line (bullish trend)
- Red when OBV is below the signal line (bearish trend)
- Toggles between window-normalized (detrended) and raw values
**Signal Line (Orange)**
- Smoothed average of OBV
- Crossovers with OBV generate buy/sell signals
- Default: 21-period SMA
**V-Shaped Markers**
- Green upward V = Bullish crossover (buy signal)
- Red downward V = Bearish crossover (sell signal)
- Appears at the OBV value when signal is triggered
**Zero Line (Yellow)**
- Center equilibrium point for volume balance
- Acts as support/resistance for OBV
- Separates buying pressure (above) from selling pressure (below)
---
### **SOURCE GROUP**
**Source**
- **Default:** Close
- **Options:** Open, High, Low, or any custom value
- Controls which price value triggers OBV direction changes
- Most traders use Close for standard OBV calculation
---
### **SIGNAL SMOOTHING GROUP**
**Show Signal?**
- **Default:** ON
- Toggle visibility of the signal line
- Disable if you prefer to see raw OBV only
**Smoothing Type**
- **SMA (Simple Moving Average)** - Default, standard smoothing
- **EMA (Exponential Moving Average)** - Faster response, weights recent bars more heavily
- **Choose SMA** for consistent, traditional OBV signals
- **Choose EMA** for faster trend identification (more whipsaws possible)
**Smoothing Length**
- **Default:** 21 bars
- **Range:** 1-200 bars
- **Lower values** (5-14): Faster signals, more noise
- **Higher values** (30-50): Slower signals, fewer false alarms
- **Recommendation:** Use 21-25 for most timeframes
---
### **SIGNAL FILTERING GROUP**
This is your primary control for signal quality and frequency.
**Show Signal Markers?**
- **Default:** ON
- Toggle the V-shaped buy/sell markers on/off
- Disable if markers distract from your analysis
**Signal Filter Type**
- **None** - Shows every single crossover (noisy, best for skilled traders)
- **Confirmation Bars** - Waits N bars before confirming signal (recommended)
- **Strength-Based** - Only signals during strong momentum (filters weakest moves)
#### **CONFIRMATION BARS MODE** (Recommended)
Best for reducing false signals while staying responsive to real moves.
**Confirmation Bars**
- **Default:** 2 bars
- **Range:** 1-10 bars
- Waits for the signal to hold for N consecutive bars after crossover
- **Setting 1:** Every crossover (same as "None")
- **Setting 2:** Wait 1 bar confirmation (good balance)
- **Setting 3:** Wait 2 bars confirmation (filters 50% of noise)
- **Setting 4+:** Very selective, misses quick reversals
**How it works:**
1. OBV crosses signal line → Confirmation counter starts
2. If OBV stays on correct side for 2 bars → V-marker appears
3. If OBV crosses back → Counter resets, no signal
#### **STRENGTH-BASED MODE**
Only signals when momentum is statistically significant.
**Min Z-Score Strength**
- **Default:** 0.3
- **Range:** 0.0-3.0
- Requires OBV deviation from its mean to reach this threshold
- **Setting 0.1-0.3:** More signals, lower quality
- **Setting 0.5-0.8:** Moderate signals, good quality
- **Setting 1.0+:** Only the strongest momentum shifts
**How it works:**
- Calculates how far OBV is from its 50-bar average (Z-score)
- Only shows signals when this distance is meaningful
- Automatically avoids weak, choppy market conditions
---
### **VISUALS & COLORS GROUP**
**Highlight Crossovers?**
- **Default:** ON
- Master toggle for all signal markers
- Turn OFF to see only the OBV/signal lines
**Apply Ribbon Filling?**
- **Default:** ON
- Colors the space between OBV and signal line
- Green fill = OBV above signal (bullish)
- Red fill = OBV below signal (bearish)
- Provides clear visual trend confirmation
- Turn OFF for minimal chart clutter
---
### **STATS & ZONES GROUP**
**Use Window-Normalized OBV (visual only)?**
- **Default:** ON
- Removes long-term trend from OBV for clearer short-term signals
- Detrends the indicator to highlight recent momentum changes
- **ON:** Better for swing trading and identifying reversals
- **OFF:** Better for trend-following strategies
- Note: Z-Score always uses raw OBV for statistical accuracy
**OBV Normalize Window**
- **Default:** 200 bars
- Lookback period for detrending calculation
- Larger values = more aggressive detrending
- Adjust if you want OBV to oscillate more/less around zero
**Show Z-Score (OBV)?**
- **Default:** ON
- Displays statistical momentum indicator below main chart
- Ranges from -3 to +3 (most data within -2 to +2)
- High Z-Score = Strong buying momentum
- Low Z-Score = Strong selling momentum
**Z-Score Lookback**
- **Default:** 50 bars
- Period for calculating Z-Score mean and standard deviation
- Larger = smoother Z-Score, slower response
- Smaller = noisier Z-Score, faster response
**Show ROC (OBV Momentum)?**
- **Default:** OFF
- Rate of Change indicator for OBV velocity
- Useful for identifying momentum turning points
- Enable if you want to see speed of volume changes
**ROC Lookback**
- **Default:** 14 bars
- Period for ROC calculation
**Show Z-Score StdDev Zones?**
- **Default:** ON
- Shaded regions around zero line showing statistical boundaries
- Inner Zone (±1 Z) = Normal variation
- Outer Zone (±2 Z) = Extreme moves, potential reversals
- Helps identify overbought/oversold volume conditions
**Inner Zone (±Z)**
- **Default:** 1.0
- First boundary for standard deviation zones
- Most normal trading occurs within ±1
**Outer Zone (±Z)**
- **Default:** 2.0
- Second boundary for extreme conditions
- Crossing these zones indicates significant momentum shift
---
## Trading Strategy Examples
### **Strategy 1: Signal Line Crossovers (Beginner)**
**Setup:**
- Signal Filter Type: **Confirmation Bars**
- Confirmation Bars: **2-3**
- Show Signal Markers: **ON**
**Rules:**
1. **BUY signal** (green V): When OBV crosses above signal line and holds for 2-3 bars
- Confirms buying pressure is building
- Look for price to follow within 1-3 bars
2. **SELL signal** (red V): When OBV crosses below signal line and holds for 2-3 bars
- Confirms selling pressure is increasing
- Expect price decline
3. **Exit:** Take profits at next signal or use price support/resistance
**Best For:** Swing trading, intraday reversals, timeframes 5m-1h
---
### **Strategy 2: Zero Line Bounce (Intermediate)**
**Setup:**
- Signal Filter Type: **Strength-Based**
- Min Z-Score Strength: **0.5**
- Show Z-Score StdDev Zones: **ON**
**Rules:**
1. **Watch OBV approach zero line** during established trends
- OBV bouncing repeatedly off zero = trend is healthy
- OBV breaking through zero = trend reversal imminent
2. **Enter on bounce:** Buy when OBV bounces from zero line in uptrend
3. **Exit on break:** Close position when OBV breaks below zero line
4. **Confirm with Z-Score:** Only take trades when Z-Score shows momentum (|Z| > 0.5)
**Best For:** Trend traders, identifying trend strength, medium timeframes 15m-4h
---
### **Strategy 3: Momentum Extremes (Advanced)**
**Setup:**
- Signal Filter Type: **None**
- Show Z-Score StdDev Zones: **ON**
- Outer Zone: **2.0**
**Rules:**
1. **Identify extremes:** When Z-Score breaks outer zone (±2.0)
- Indicator is in extreme territory
- Likely overextended
2. **Fade extremes:** Take opposite position when Z-Score hits extreme
- High Z (>2.0) = OBV overbought, expect pullback
- Low Z (<-2.0) = OBV oversold, expect bounce
3. **Confirm:** Wait for crossover signal to enter
4. **Target:** Outer zone of opposite side or zero line
**Best For:** Range trading, mean reversion, experienced traders only
---
## Reading the Indicator in Different Markets
### **Strong Uptrend**
- OBV consistently above signal line (green)
- OBV well above zero line, rising higher lows
- Z-Score positive, trending upward
- **Action:** Buy dips to signal line, sell at resistance
### **Strong Downtrend**
- OBV consistently below signal line (red)
- OBV well below zero line, making lower highs
- Z-Score negative, trending downward
- **Action:** Sell rallies to signal line, cover at support
### **Consolidation/Choppy Market**
- OBV whipsaws around signal line frequently
- Crossovers occur every few bars
- Z-Score oscillating between -1 and +1
- **Action:** Increase confirmation bars to 3-4, or switch to strength-based filter
### **Accumulation (Bottom Formation)**
- OBV rising while price is flat or falling
- Volume flowing in despite downtrend (bullish divergence)
- Z-Score climbing while price lows hold
- **Action:** Expect breakout up; prepare buy near support
### **Distribution (Top Formation)**
- OBV falling while price is flat or rising
- Volume flowing out despite uptrend (bearish divergence)
- Z-Score falling while price continues higher
- **Action:** Expect breakdown down; prepare short near resistance
---
## Parameter Tuning Guide
### **Aggressive Settings (More Signals)**
- Smoothing Length: 14
- Signal Filter: None or Confirmation Bars: 1
- Min Z-Score: 0.1
- Best for: Day trading, high volatility stocks
- Risk: More false signals
### **Balanced Settings (Recommended)**
- Smoothing Length: 21
- Signal Filter: Confirmation Bars: 2
- Min Z-Score: 0.3
- Best for: Swing trading, most market conditions
- Risk/Reward: Moderate
### **Conservative Settings (Fewer Signals)**
- Smoothing Length: 30-40
- Signal Filter: Confirmation Bars: 3-4 or Strength-Based: 0.7+
- Min Z-Score: 0.8
- Best for: Position trading, high-conviction trades only
- Risk: May miss some moves
---
## Common Questions & Troubleshooting
**Q: Why are there more sell signals than buy signals?**
A: This reflects the actual market action. Markets often decline faster than they rise (fear > greed). Confirm signals with price action and support/resistance.
**Q: The indicator keeps whipsawing, should I hide it?**
A: Increase Confirmation Bars to 3-4 or switch to Strength-Based filter. Market conditions matter—choppy markets require stricter filters.
**Q: What's the difference between normalized and raw OBV?**
A: Normalized (detrended) shows shorter-term momentum by removing long-term trends. Raw OBV shows absolute accumulation/distribution over the full period. Use normalized for swing signals, raw for trend confirmation.
**Q: My signals come too late. How do I get faster entry?**
A: Reduce Smoothing Length (try 14 instead of 21), use EMA instead of SMA, or set Confirmation Bars to 1. Trade-off: More false signals.
**Q: Can I use this for day trading?**
A: Yes, on 1m-5m charts with aggressive settings. Use Confirmation Bars: 1 and focus on Z-Score > 0.5 entries only.
**Q: Should I trade every signal?**
A: No. Filter signals using: price near support/resistance, multiple indicators confirming, and Z-Score showing momentum. Best signals occur at key levels.
---
## Best Practices
1. **Always confirm with price action:** OBV signals work best when price is near support, resistance, or moving average. Don't trade signals in a vacuum.
2. **Use volume context:** Check if volume is increasing or decreasing on the signal. Strong signals have volume confirmation (increasing volume on OBV spikes).
3. **Adjust settings per timeframe:**
- 1m-5m: Smoothing 12, Confirmation 1, Z-Score 0.2
- 15m-1h: Smoothing 20, Confirmation 2, Z-Score 0.3
- 4h-1d: Smoothing 25, Confirmation 3, Z-Score 0.5
4. **Watch the zero line:** It's your friend. OBV behavior at the zero line reveals trend strength. Bounces = healthy trend. Breaks = reversal.
5. **Risk management:** No indicator is perfect. Use proper position sizing and stop losses. OBV should confirm your thesis, not be the only reason to trade.
6. **Combine with other indicators:**
- Price moving averages for trend confirmation
- RSI or Stochastic for overbought/oversold levels
- Support/resistance for entry/exit zones
- MACD for momentum divergences
---
## Disclaimer
This indicator is for educational and informational purposes only. It is not financial advice. Past performance does not guarantee future results. Always conduct your own research and consult with a financial advisor before making trading decisions. Trading carries risk, including potential loss of principal.
---
## Version History
**Version 1.0** - Initial release with enhanced signal filtering, Z-Score analysis, and customizable parameters.
SuperWaveTrendWaveTrend with Crosses + HyperWave + Confluence Zones + Thresholds
SuperWaveTrend — Advanced Momentum System Integrating WaveTrend, HyperWave, Confluence Zones & Threshold Filters
SuperWaveTrend is an enhanced momentum indicator built upon the classic WaveTrend (WT) framework.
It integrates HyperWave extreme zones, top/bottom Confluence Zones, trend hesitation Threshold regions, WT crossover reversal signals, and more.
This indicator is suitable for:
• Trend following
• Swing trading
• Reversal spotting
• Overbought/oversold structure analysis
• Extreme market sentiment detection
Whether you’re scalping or planning swing entries, SuperWaveTrend offers a more precise and visually intuitive momentum structure.
Key Features
1. WaveTrend Core Structure (WT1 / WT2)
• WT1: Primary momentum line
• WT2: Signal line
• Momentum Spread Area (WT1 − WT2) visualization highlights shifts in trend strength
2. HyperWave Extreme Momentum Zones
Background highlight automatically appears during extreme momentum conditions:
• Purple-red: Extreme bullish zone
• Orange: Extreme bearish zone
Helps identify:
• Blow-off tops
• Panic sell-offs
• Extreme trend continuation phases
3. Confluence Zones (Top/Bottom Resonance)
Combines overbought/oversold signals with momentum structure to mark:
• Gold top zones → weakening bullish momentum
• Blue bottom zones → weakening bearish momentum
Useful for detecting:
• Bearish divergence tops
• Reversal bounces
• High-level exhaustion / low-level capitulation
4. Threshold Hesitation Zone (Gray)
When WT1 and WT2 converge tightly, a gray background highlights:
• Unclear direction
• Trend weakening
• Higher risk of false signals
Generally not recommended for new entries.
5. WT Crossover Signals (Cross Signals)
WT1 and WT2 crossovers are marked with color-coded dots:
• Green: Bullish cross
• Red: Bearish cross
A core signal for capturing reversal shifts.
⚠️ Creator’s Disclaimer & Usage Insights
***WARNING***
SuperWaveTrend is not designed for extremely strong one-sided trends.
During highly impulsive markets, signals may become delayed or less reliable.
Optimal Timeframes
Based on extensive backtesting, In swing-trading environments, the indicator performs most effectively on the 1H–4H timeframes, where momentum cycles form cleanly and Confluence Zones provide high-probability setups.
Trading Insights
• In swing-trading environments, Confluence Zones often coincide with excellent long/short opportunities, especially when momentum exhaustion is confirmed.
• When paired with a Bollinger Bands framework, the system exhibits significantly improved accuracy and structure clarity.
Have fun,
BigTrunks
