Relative Strength Index + MTF VEIODORIOAn advanced technical indicator that combines multiple RSI (Relative Strength Index) analysis features into a single, comprehensive tool.
Main Features:
1. Traditional RSI
Calculates the standard Relative Strength Index with a configurable period (default: 14)
Displays overbought and oversold levels
Includes colored background fill for better visualization
2. Multi-Timeframe (MTF) Chart
Displays RSI values simultaneously across 8 different timeframes:
1 minute, 5 minutes, 15 minutes, 30 minutes
1 hour, 4 hours, 1 day, 1 week
Wskaźniki i strategie
Screener Multi ADX + MACDThis screener helps to screen Nifty 200 stocks based on ADX threshold and MACD crossovers...
QQQ overlay over NQ/NDXThis enhanced version of the QQQ overlay script builds on the original by © PtGambler, adding smoothing via stepped ratios updated on candle close to eliminate oscillation, optimizing performance by reusing lines/labels, restricting visibility to relevant symbols (NDX, NQ1!, NAS100USD), and improving visuals with rounded levels, adjustable level counts (default 5 total), extended lines, and label styles matching "Key Levels" indicator for better readability (gray text, transparent background). Removed unnecessary table and floating labels for a cleaner chart. Thanks to © PtGambler for the foundational work!
NY Open 5 minute Range (5m Box Extended)Draws a box around the first 5 minute candle for the New York session.
Eesan Day & Swing Trading Indicator🧭 Eesan Day & Swing Trading Indicator
🔍 Overview
The Eesan Day & Swing Trading Indicator is an all-in-one trend, momentum, and volatility tool designed for active traders who want clean, reliable signals for both day trading and swing trading.
It automatically detects buy and sell signals based on moving averages, RSI, and ATR — giving traders clear visual guidance on when to enter or exit trades.
⚙️ How It Works
This indicator combines three powerful concepts:
Trend Detection (EMA Crossovers)
Fast EMA (20) and Slow EMA (50) identify trend direction.
When the Fast EMA crosses above the Slow EMA → BUY Signal
When the Fast EMA crosses below the Slow EMA → SELL Signal
Momentum Confirmation (RSI Filter)
RSI ensures signals align with market momentum.
Avoids chasing overbought or oversold conditions.
Volatility Visualization (ATR Bands)
ATR Bands show potential price expansion zones.
Helps manage risk and visualize support/resistance.
🧠 Signal Logic
BUY → Fast EMA crosses above Slow EMA and RSI is below Overbought (70).
SELL → Fast EMA crosses below Slow EMA and RSI is above Oversold (30).
The background color changes with market trend:
🟩 Green = Bullish Trend
🟥 Red = Bearish Trend
📈 Visual Elements
Green & Red Triangles: Buy and Sell signal markers.
Colored EMAs: Reflect trend direction in real time.
ATR Bands: Show upper and lower price expansion zones.
Background Color: Indicates the dominant market trend.
⚡ Alerts
You’ll get alerts when:
✅ A BUY signal appears → “Eesan Indicator: BUY on @ ”
❌ A SELL signal appears → “Eesan Indicator: SELL on @ ”
Set alerts on the chart using “Condition → Eesan Day & Swing Trading Indicator → Buy Alert / Sell Alert.”
🧩 Best Used For
Intraday and Swing Trading
Stocks, Crypto, Forex, and Indexes
Works on all timeframes (15m, 1H, 4H, 1D recommended)
⚠️ Note
This tool is for educational and analytical purposes only.
Always confirm signals with your trading plan and proper risk management.
👤 Created by
Eesan — blending simplicity, clarity, and precision to empower traders.
EMA and SMI Long / Short SignalsDescription:
This indicator combines several proven market mechanisms into a clearly structured system suitable for both swing traders and trend followers.
It helps to better classify market phases, identify entry and exit signals, and objectively measure trend strength.
The foundation is the 21 EMA, around which an ATR channel is drawn. This shows whether the current price is overextended or underextended (similar to Bollinger Bands, but based on volatility).
In addition, SMI-based momentum signals, volume spikes, 52-week high/low levels, and Wyckoff climax events are visualized.
The goal: clear, technically grounded decisions on trend direction, momentum, and market extremes.
Disclaimer
The information and publications are not intended to constitute, and do not represent, financial, investment, trading, or any other form of advice or recommendation provided or endorsed by TradingView.
Please refer to the Terms of Use for more information.
BOX + 50% + 75% N CANDLES BACK (Freeze v2.7c)📦 BOX + 50% + 75% N CANDLES BACK (Freeze v2.7c)
Author: Eng. Vicente Budzinski
This indicator automatically draws a consolidation box based on the closing and opening prices of a specified number of bars behind the most recent one, helping traders visualize short-term balance zones and potential breakout areas.
🧭 Key Features
Dynamic Box Calculation:
The box is defined by the highest and lowest body prices (open/close) within a user-defined window of bars (Bars Back), extended into the future for projection.
Right-Side Filter (RightBar):
Allows you to ignore the most recent N bars (including the current one) when calculating the top and bottom, keeping the box anchored to slightly older structure and filtering out recent noise or spikes.
50% and 75% Levels:
Automatically plots 50% and 75% internal zones inside the consolidation box for refined reference levels.
Freeze Mode:
Lets you “lock in” the current box geometry, preventing it from being recalculated on new bars — perfect for marking static consolidation zones or backtesting breakouts.
Fully Customizable:
Choose to display internal guides, borders, labels, and extension distance into future bars.
⚙️ Typical Use Cases
Identifying price compression zones before breakouts.
Marking balance areas for pullback or breakout strategies.
Studying price behavior after consolidation (range expansion).
💡 Usage Tips
Increase Bars Back for broader consolidation zones.
Adjust RightBar to ignore the latest volatility or wick extensions.
Use Freeze to keep your box fixed for analysis or screenshots.
Order Blocks (SMC/ICT)Order Blocks (SMC/ICT) — TradingATH
Precision. Intent. Structure.
This refined tool automatically detects and displays Order Blocks (OBs) with clean, institutional clarity—mapping the exact zones where displacement originated and where price is most likely to rebalance or react. Built for SMC/ICT Traders , it presents bullish and bearish OBs with disciplined visuals, mitigation logic, and efficient performance on any timeframe.
What You’ll See
Bullish Order Blocks in balanced green shading with a mid-line, borders, and a compact label.
Bearish Order Blocks in refined red tones, equally annotated and visually consistent.
Controlled Extension of zones for a chosen number of bars—or dynamic extension until mitigation.
Configurable Labels with selectable position (Top/Bottom, Left/Right) and custom label font color per side.
Mid-Line (Average) through each OB for precise reference and execution alignment.
Features
Volume Pivot Logic : OBs are derived from a volume pivot length, focusing on zones that matter where displacement had participation.
Mitigation Methods : Validate via Wick or Close, adapting to different liquidity conditions and your SMC playbook.
ATR Size Filter : Enforce minimum/maximum size (×ATR) to remove insignificant zones and retain only the highest-quality blocks.
Extend-Until-Mitigated : Keep active zones projected into future bars until price mitigates—ensuring they remain actionable.
Clean Plotting : Size-safe arrays, time-anchored boxes/lines, and efficient updates for smooth operation in intraday and swing contexts.
Alert Suite :
OB Formed: Bullish/Bearish OB creation.
OB Mitigated: Zone filled/invalidated.
Price Entered OB: Live notification when price re-enters the most recent OB.
Perfect For
ICT/SMC Traders mapping institutional zones with precise mitigation behavior.
Intraday Traders who need real-time OB formation and entry alerts without chart clutter.
Swing Traders filtering only valid, well-sized OBs using ATR-based constraints.
Analysts & Educators requiring a reliable, visually consistent tool for teaching structure and mitigation.
Recommended Settings
Volume Pivot Length : 5–14 (balance sensitivity vs. selectivity).
Mitigation : Wick for responsiveness; Close for stricter confirmation.
OB Length (bars) : 10–50 for controlled reach; enable Extend until mitigation for live tracking.
ATR Filter : Min 0.25×, Max 3× to exclude noise while preserving meaningful blocks.
Labels : Position Bottom-Right (default), adjust label font color for readability on your theme.
In Short
Institutional logic. Clean execution. Professional clarity.
Order Blocks (SMC/ICT) — TradingATH presents structurally sound zones with precise mitigation handling and alerting—crafted for traders who demand both analytical accuracy and visual refinement.
Created by: TradingATH
ASTER Key Levels & Alerts (Improved)TradingView Script Description
Title: ASTER Key Levels & Alerts (Improved)
Description:
Enhance your trading strategy with the "ASTER Key Levels & Alerts" indicator, designed for precision and decision-making on the Aster chart (e.g., ASTS). This Pine Script v6 tool overlays customizable key levels and zones to identify optimal entry, exit, and stop-loss points, complete with real-time alerts.Key Features:
Customizable Levels: Adjust add zones (Light & Main), breakout, stop, and take-profit (TP1-TP3
Malama's MTF MA Alignment ScannerMalama's Multi-Timeframe Moving Average Alignment Scanner (MTF MA Scanner) is an overlay indicator designed to simplify trend analysis by evaluating the alignment of multiple moving averages (MAs) across user-defined timeframes. It scans for bullish (MAs stacked ascending), bearish (descending), or mixed/neutral configurations, incorporating a VWAP (Volume Weighted Average Price) filter to contextualize price position relative to volume-based equilibrium. The result is a compact dashboard table summarizing signals from up to three timeframes, helping traders spot confluence for entries or reversals without manually switching charts. This tool draws from classic MA ribbon concepts but adds flexible MA types, dynamic sorting, and an overall trend score for quicker multi-TF insights.
Core Mechanics
The indicator processes data in layers to detect alignment and bias:
Moving Average Calculation: Supports five customizable MAs per timeframe, with types including Simple (SMA), Exponential (EMA), Double Exponential (DEMA for reduced lag), Smoothed (SMMA), or Butterworth 2-Pole filter (a low-lag recursive smoother approximating Ehlers' design for cleaner signals). Defaults use EMAs at lengths 6, 9, 21, 56, and 200—shorter for fast trends, longer for structure. Users enable/disable each independently.
Alignment Detection: For enabled MAs, it dynamically sorts them by length (shortest first) and checks their relative order: All ascending (shortest MA > longest) signals "Bullish" (uptrend strength); all descending signals "Bearish" (downtrend); otherwise "Mixed" or "Neutral" (if <2 MAs). This avoids bias from unsorted plots.
VWAP Integration: Computes session-anchored VWAP (daily/weekly/monthly) as a volume-weighted mean, classifying price as "Above" (bullish bias) or "Below" (bearish) to filter alignments—e.g., bullish MA stack above VWAP strengthens longs.
Multi-Timeframe Aggregation: Pulls MA and VWAP data from up to three timeframes (e.g., current, 5m, 15m) using secure requests without lookahead bias. It consolidates into a table: Per-TF rows show alignment status (with icons: ✅ Bullish, ❌ Bearish, ⚠️ Mixed, ➖ Neutral), VWAP icon/status (📈 Above, 📉 Below), current price, and optional MA values (e.g., "9 EMA: 1.2345").
Overall Summary: Counts bullish/bearish TFs for a net score (e.g., 2/3 bullish = "Weak Bullish"), highlighting confluence in the final row.
This setup emphasizes regime detection: Aligned short-term MAs confirm momentum, while longer ones validate structure, all filtered by VWAP for volume context.
Why This Adds Value & Originality
Standard MA crossovers or ribbons often clutter charts or require manual TF switches, leading to analysis fatigue. Here, the mashup of diverse MA types (e.g., lag-reduced DEMA with smooth Butterworth) into a sortable alignment check creates a "trend thermometer" that's adaptable—e.g., EMAs for responsiveness in forex, SMAs for stocks. The VWAP layer adds a fair-value anchor absent in pure MA tools, while the dashboard condenses MTF data into one glanceable view with a net score, reducing cognitive load. It's not a simple merge: Dynamic UDT-based sorting ensures consistent evaluation regardless of user tweaks, and optional value display aids precise level targeting. This makes it uniquely practical for confluence trading, evolving basic alignment into a scannable system without repainting risks.
How to Use
Setup: Add to your chart (overlay=true). In inputs: Enable TFs (e.g., 1H for structure, 15m/5m for entries); customize MAs (e.g., switch to DEMA for volatile crypto); set VWAP anchor (Daily for intraday). Toggle table position/size and chart plots.
Interpret the Dashboard (top-right default):
Per-TF Rows: Green cells for Bullish (long bias); red for Bearish (short); orange for Mixed (caution); gray for Neutral/low data. Check VWAP for confirmation—e.g., Bullish + Above = strong buy setup.
MA Values Column (if enabled): Lists current levels (e.g., "21 EMA: 4500.50") for support/resistance pulls.
Overall Row: "Strong Bullish" (all green) for aggressive longs; "Weak" variants for scaled entries. Score like "2/3" shows TF agreement.
Trading Application: On a 1H chart, look for 3/3 Bullish with price above VWAP for longs—enter on pullback to shortest MA. Use alerts (e.g., "All Timeframes Bullish") for notifications. Best on liquid assets (e.g., EURUSD, SPX) across 15m-4H. Combine with price action for edges.
Customization Tips: Disable unused MAs to declutter; test Butterworth on noisy data for smoother aligns.
Limitations & Disclaimer
Alignments lag by MA lengths and TF resolutions, so they're directional filters—not precise entries (pair with candlesticks). VWAP resets on anchors, potentially skewing mid-session. In sideways markets, "Mixed" dominates—avoid forcing trades. No built-in risk management; backtest on your symbols (e.g., via Strategy Tester) to validate. Results use historical data without guarantees—markets evolve. Not financial advice; trade at your own risk. For feedback, comment publicly.1.1s
Position Sizer🔧 Major Improvements: Leverage Management
New Feature: Configurable Leverage Warning
Added new input: "⚠️ Max Leverage Warning" (default: 20x)
Allows users to set their own leverage threshold for visual alerts
Fully customizable from 1x to 100x
Located in Configuration Panel → Section 1: Main Settings
Behavior Change: Non-Intrusive Alerts
Removed: Automatic indicator shutdown when leverage exceeds 20x
New behavior:
The indicator now continues operating regardless of leverage level
When leverage exceeds the configured threshold, it displays in RED color
All calculations and visualizations remain active
No more unexpected indicator crashes due to high leverage positions
Enhanced Color Coding System
Leverage display colors:
🔴 Red: Exceeds configured Max Leverage Warning threshold
🟠 Orange: Leverage between 5x-10x
🟡 Yellow: Leverage between 1x-5x
🟢 Green: Below 1x (no leverage)
Capital Used (%) colors:
🔴 Red: Exceeds Max Leverage Warning
🟠 Orange: 500%+ capital used
🟡 Yellow: 100%+ capital used
🟢 Green: Below 100%
🐛 Bug Fixes
Fixed exposureColor declaration scope issue for both LONG and SHORT positions
Improved color logic consistency across all leverage scenarios
Resolved indicator interruption issues during high-volatility trading
📋 Technical Changes
Modified exposureColor calculation to use maxLeverageWarning parameter
Modified exposureColorShort calculation to use maxLeverageWarning parameter
Removed runtime.error() calls that stopped script execution
Code optimization for better performance
💡 Usage Recommendation
For conservative trading, set Max Leverage Warning to 5x-10x. For aggressive strategies with proper risk management, you can increase it to 20x-50x. Always monitor the "Capital Used %" and "Leverage" rows in the panel.
⚠️ Important Note
This update improves user experience by providing non-intrusive warnings instead of stopping the indicator. The indicator will now continue to function and provide critical position sizing information even in extreme leverage scenarios, giving you full control and awareness of your risk exposure.
Descripción completa actualizada (para referencia futura)
Si en el futuro necesitas republicar el indicador desde cero, aquí está la descripción completa actualizada:
POSITION SIZER - DUAL RISK MANAGEMENT (Long/Short)
Overview
Professional risk management tool that automatically calculates the optimal position size for LONG and SHORT trades based on your account capital, desired risk percentage, and Stop Loss distance. Adapts seamlessly to multiple financial instruments including Forex, Stocks, Futures, Indices/CFDs, and Cryptocurrencies.
✨ Key Features
1. Advanced Leverage Management ⚡
Configurable Max Leverage Warning: Set your own threshold (1x-100x, default: 20x)
Automatic Leverage Calculation: Multiplies capital by configurable factor (1x-20x)
Manual Margin Control: Define maximum margin in USD
Visual Alert System: Displays leverage in RED when exceeding threshold without stopping the indicator
Non-Intrusive Operation: Indicator continues functioning regardless of leverage level
2. Capital & Risk Management 💰
Configurable Total Capital: Define your account size
Customizable Risk Percentage: Set % of capital to risk per trade (recommended 0.5-1%)
Real-Time Risk Calculation: See exact USD risk and profit potential
Minimum Win Rate Calculator: Know the % of winning trades needed for profitability
3. Dual Stop Loss Methods 🛑
ATR Multiplier: Volatility-based SL (ideal for trend following)
Structural Minimum: Support/Resistance-based SL with configurable buffer in pips
Flexible Calculation Basis: Choose between "Pure SL" or "Buffer Included"
4. Risk/Reward Configuration 📊
Customizable RR Ratio: Set your desired profit ratio (e.g., 1:2, 1:3)
Partial Take Profit: Display intermediate TP levels
Visual SL/TP Lines: Graphical price levels with labels
5. Trading Costs Integration 💵
Commission Tracking: Include costs per lot/contract
Spread Management: Manual or automatic for Forex
Transparent Breakdown: View cost details without affecting SL/TP levels
📈 Detailed Information Panel
For LONG & SHORT Trades:
Entry price (automatic or manual planning)
Exact SL/TP levels (price, pips/distance, percentage)
Expected risk and profit in USD
Position Nominal Value
Capital Used (%) with color-coded exposure alerts
Leverage (x) with configurable threshold warnings
Position size by instrument type
🛠️ Supported Instruments
Forex: Micro (1K), Mini (10K), Standard (100K) lots
Stocks: Fractional shares
Futures: Whole contracts (auto-rounding)
Indices/CFDs: Fractional lots
Cryptocurrencies: Decimal units
🎨 Customizable Visualization
Panel Position: 4 locations (top/bottom right/left)
Font Sizes: Adjustable for panel and labels
Color Coding:
🟢 Green: Take Profit
🔴 Red: Stop Loss & critical alerts
🟡 Yellow: Moderate warnings
🟠 Orange: Partial TP & costs
⚙️ Advanced Settings
Manual Entry Planning: Set specific entry price for future trades
Directionality: LONG only, SHORT only, or both simultaneously
Size Calculation Basis: Pure SL vs Buffer Included
Auto/Manual Margin: Choose your leverage control method
🎓 Best Practices
Keep risk at 0.5-1% of capital per trade
Use conservative leverage (1x-5x) for long-term strategies
Always verify your broker's real spread
Monitor "Capital Used %" to avoid overexposure
Configure Max Leverage Warning according to your risk tolerance
ATRThis script displays the Average True Range (ATR) value and the ATR as a percentage of the current closing price directly on the main chart as a clean table, with no lines or plots. It allows users to easily monitor both absolute volatility and its relative magnitude, making comparisons across different assets intuitive. The display position is customizable, offering flexibility for personal chart layouts. Ideal for traders seeking quick volatility insights, risk management guidance, or portfolio-wide comparisons.
eFkolos Tech IndicatorMachine learning-enhanced SuperTrend indicator that uses k-means clustering to adaptively optimize SuperTrend parameters based on historical performance. Let me break down what makes this unique:
Key Innovation
Instead of using a single fixed SuperTrend factor, this indicator:
Calculates multiple SuperTrends simultaneously (with factors from 1 to 5 by default, stepped at 0.5)
Tracks performance of each variant using exponential smoothing
Clusters them into 3 groups (Best/Average/Worst) using k-means algorithm
Adapts by selecting the average factor from your chosen cluster
Clever Technical Aspects
Performance Metric: Uses a smart approach where performance = EMA of (price_change × signal_direction), giving positive values when the SuperTrend correctly predicts direction.
K-means Implementation: Properly initializes centroids using quartiles and iterates until convergence - this is solid unsupervised learning.
Adaptive MA Layer: The perf_ama that adapts faster when the performance index is high (more confidence) and slower when low.
Memory Management: Uses UDTs (User Defined Types) efficiently with arrays to handle multiple SuperTrend instances.
Fair Value Gaps (SMC/ICT)Fair Value Gaps (SMC/ICT) — TradingATH
Precision. Imbalance. Opportunity.
This advanced indicator automatically detects and visualizes Fair Value Gaps (FVGs) revealing the inefficiencies left in price delivery where institutional order flow has displaced liquidity. Each gap is cleanly mapped, color-coded, and dynamically managed, helping traders identify where price may seek to rebalance in the future.
Engineered for Smart Money Concepts (SMC/ICT) Traders , it delivers a disciplined, minimal, and highly responsive visualization of market inefficiencies — enabling precise alignment with institutional order flow and mitigation behavior.
What You’ll See
Bullish FVGs represented as soft green zones indicating bullish imbalances where price is likely to revisit for rebalancing.
Bearish FVGs shown in refined red tones, marking bearish inefficiencies and potential short-term premium zones.
Dynamic or Static Mode — choose between continuously updating live zones or static historical boxes extending for a controlled bar length.
Smart Labels displayed within each zone identifying “Bullish FVG (Fair Value Gap)” or “Bearish FVG (Fair Value Gap)” with fully customizable text colors.
Mitigation Lines optionally plotted once price closes through a gap, confirming rebalancing and structural cleanup.
Optional Dashboard providing a clear count of active, mitigated, and total FVGs in both bullish and bearish contexts.
Features
Auto Detection Logic : Precisely identifies FVGs using refined three-candle displacement logic with adjustable threshold sensitivity.
Dynamic Zones : Live FVGs compress and evolve in real-time as price re-enters inefficiencies, maintaining structural accuracy.
Smart Mitigation : Automatically removes or softens zones once filled or mitigated, keeping your chart focused and clean.
Visual Precision : Professional color balance, typography, and spacing ensure a refined institutional-grade presentation.
Alert System : Configurable alerts for new FVG formations and mitigation events to stay aligned with live liquidity flow.
Performance Optimized : Built with efficient arrays and conditional logic for flawless responsiveness on all timeframes.
ICT/SMC Integration : Fully compatible with complementary SMC tools like Order Blocks, Liquidity Sweeps, and Market Structure Shifts.
Perfect For
SMC/ICT Traders analyzing price delivery imbalances and mitigation behavior.
Intraday Traders tracking high-probability rebalancing setups within institutional killzones.
Swing Traders identifying unmitigated imbalances as key areas of interest for future reversals.
Analysts & Educators who demand clarity, precision, and reliability in their institutional models.
Recommended Settings
Timeframe : 1H–4H (for structural precision).
Mode : Dynamic = off for backtesting; on for live reactive monitoring.
Extend : 20 bars for balanced visibility.
Threshold %: 0.10–0.25% for adaptive sensitivity.
Mitigation Lines : Enabled for visual confirmation of rebalancing.
In Short
Institutional logic. Visual clarity. Trading precision.
Fair Value Gaps (SMC/ICT) — TradingATH provides a clean, data-driven visualization of inefficiencies in price delivery, helping traders anticipate rebalancing and liquidity re-tests with exceptional clarity and professional design.
Created by: TradingATH
eFkolos TechMachine learning-enhanced SuperTrend indicator that uses k-means clustering to adaptively optimize SuperTrend parameters based on historical performance. Let me break down what makes this unique:
Key Innovation
Instead of using a single fixed SuperTrend factor, this indicator:
Calculates multiple SuperTrends simultaneously (with factors from 1 to 5 by default, stepped at 0.5)
Tracks performance of each variant using exponential smoothing
Clusters them into 3 groups (Best/Average/Worst) using k-means algorithm
Adapts by selecting the average factor from your chosen cluster
Clever Technical Aspects
Performance Metric: Uses a smart approach where performance = EMA of (price_change × signal_direction), giving positive values when the SuperTrend correctly predicts direction.
K-means Implementation: Properly initializes centroids using quartiles and iterates until convergence - this is solid unsupervised learning.
Adaptive MA Layer: The perf_ama that adapts faster when the performance index is high (more confidence) and slower when low.
Memory Management: Uses UDTs (User Defined Types) efficiently with arrays to handle multiple SuperTrend instances.
BTC Probabilistic System, 1h TF.This indicator calculates a probabilistic score based on enveloppes. Each enveloppe contributes to a combined score, weighted by its relative period and the angle of the projected MA. The output, Prob Score, ranges from -100 (maximum resistance) to +100 (maximum support), providing a visual indication of market bias.
Use Case:
Provides traders with a probabilistic view of support/resistance zones and market trend strength.
Caution :
Shows probabilistic scores rather than guaranteed signals.
Does not provide buy/sell alerts automatically.
Uses historical SMA projections, which may not predict future price action.
OG Signal Indicator - Single Line Plotshapethis signal help to identify strong buy and sell signal as price over bought and over sold. by sigma s lohar
Enhanced Price Direction Predictor📊 Core Mechanism: Rule-Based Scoring:
The indicator relies on a simplified scoring model where it checks for nine specific conditions on the bullish side and nine corresponding conditions on the bearish side.
Bullish/Bearish Score Calculation:The script initializes bullish_score and bearish_score to $0.0$.It then checks a predefined list of features (e.g., $5$-period Rate of Change, $5/20$ EMA crossover, RSI level, Order Flow direction) and adds a fixed point value (weight) to the appropriate score if the condition is met.
Overbought/Oversold Penalty:It includes a built-in risk-management element by applying a $-0.10$ penalty if the RSI is in extreme territory:RSI(14) $>$ 70 (Overbought) $\rightarrow$ Penalty to bullish_score.RSI(14) $<$ 30 (Oversold) $\rightarrow$ Penalty to bearish_score.
Probability Conversion:The probability_up is calculated by taking the ratio of the bullish_score to the total_score (sum of bullish and bearish scores):$$\text{Probability\_Up} = \frac{\text{Bullish\_Score}}{\text{Bullish\_Score} + \text{Bearish\_Score}}$ MIL:IF the total_score is zero (i.e., no strong conditions are met), the probability defaults to $0.5$ (neutral).
Relative Volume (Multi-TF, D, W, M)Relative Volume (Multi-TF, Candle-Matched Colors)
This indicator measures Relative Volume (RVOL) — the ratio of current volume to average historical volume — across any higher timeframe (Daily, Weekly, or Monthly) and displays it as color-coded columns that match the candle colors of the chart you’re viewing.
RVOL reveals how active today’s market participation is compared to its typical rhythm.
RVOL = 1.0 → normal volume
>1.5 → rising interest
>2.0–3.0 → strong institutional participation
>5.0 → climax or exhaustion levels
Features
Works on any chart timeframe while computing RVOL from your chosen higher timeframe (e.g., show Daily RVOL while trading on a 5-minute chart).
Column colors automatically match your chart’s candle colors (green/red/neutral).
Adjustable lookback period (len) and selectable source timeframe (D, W, or M).
Pre-drawn horizontal guide levels at 1.0, 1.2, 1.5, 2, 3, and 5 for quick interpretation.
Compatible with all chart types, including Heikin Ashi or custom color schemes.
Typical Use
Swing trading:
Look for quiet bases where RVOL stays 0.4–0.9, then expansion ≥2 on breakout days.
Confirm follow-through when green days keep RVOL ≥1.2–1.5 and red pullbacks stay below 1.0.
Day trading:
Watch intraday RVOL (on 1–5m charts) for bursts ≥2 that sustain for several bars — this signals crowd engagement and valid momentum.
Interpretation Summary
RVOL Value Meaning Typical Action
0.4–0.9 Quiet base / low interest Watch for setup
1.0 Normal activity Neutral
1.2–1.5 Valid participation Early confirmation
2–3 Strong expansion Momentum / breakout
≥5 Climax / exhaustion Take profits or avoid new entries
Author’s note:
RVOL isn’t directional; it tells how many players are active, not who’s winning. Combine it with structure (levels, VWAP, or trend) to see when the market crowd truly commits.
