Key Indicators Dashboard (KID)Key Indicators Dashboard (KID) — Comprehensive Market & Trend Metrics
📌 Overview
The Key Indicators Dashboard (KID) is an advanced multi-metric market analysis tool designed to consolidate essential technical, volatility, and relative performance data into a single on-chart table. Instead of switching between multiple indicators, KID centralizes these key measures, making it easier to assess a stock’s technical health, volatility state, trend status, and relative strength at a glance.
🛠 Key Features
⦿ Average Daily Range (ADR %): Measures average daily price movement over a specified period. It is calculated by averaging the daily price range (high - low) over a set number of days (default 20 days).
⦿ Average True Range (ATR): Measures volatility by calculating the average of a true range over a specific period (default 14). It helps traders gauge the typical extent of price movement, regardless of the direction.
⦿ ATR%: Expresses the Average True Range as a percentage of the price, which allows traders to compare the volatility of stocks with different prices.
⦿ Relative Strength (RS): Compares a stock’s performance to a chosen benchmark index (default NIFTYMIDSML400) over a specific period (default 50 days).
⦿ RS Score (IBD-style): A normalized 1–100 rating inspired by Investor’s Business Daily methodology.
How it works: The RS Score is based on a weighted average of price changes over 3 months (40%), 6 months (20%), 9 months (20%), and 12 months (20%).
The raw value is converted into a percentage return, then normalized over the past 252 trading days so the lowest value maps to 1 and the highest to 100.
This produces a percentile-style score that highlights the strongest stocks in relative terms.
⦿ Relative Volume (RVol): Compares a stock's current volume to its average volume over a specific period (default 50). It is calculated by dividing the current volume by the average historical volume.
⦿ Average ₹ Volume (Turnover): Represents the total monetary value of shares traded for a stock. It's calculated by multiplying a day's closing price by its volume, with the final value converted to crores for clarity. This metric is a key indicator of a stock's liquidity and overall market interest.
⦿ Moving Average Extension: Measures how far a stock's current price has moved from from a selected moving average (EMA or SMA). This deviation is normalized by the stock's volatility (ATR%), with a default threshold of 6 ATR used to indicate that the stock is significantly extended and is marked with a selected shape (default Red Flag).
⦿ 52-Weeks High & Low: Measures a stock's current price in relation to its highest and lowest prices over the past year. It calculates the percentage a stock is below its 52-week high and above its 52-week low.
⦿ Market Capitalization: Market Cap represents the total value of all outstanding.
⦿ Free Float: It is the value of shares readily available for public trading, with the Free Float Percentage showing the proportion of shares available to the public.
⦿ Trend: Uses Supertrend indicator to identify the current trend of a stock's price. A factor (default 3) and an ATR period (default 10) is used to signal whether the trend is up or down.
⦿ Minervini Trend Template (MTT): It is a set of technical criteria designed to identify stocks in strong uptrends.
Price > 50-DMA > 150-DMA > 200-DMA
200-DMA is trending up for at least 1 month
Price is at least 30% above its 52-week low.
Price is within at least 25 percent of its 52-week high
Table highlights when a stock meets all above criteria.
⦿ Sector & Industry: Display stock's sector and industry, provides categorical classification to assist sector-based analysis. The sector is a broad economic classification, while the industry is a more specific group within that sector.
⦿ Moving Averages (MAs): Plot up to four customizable Moving Averages on a chart. You can independently set the type (Simple or Exponential), the source price, and the length for each MA to help visualize a stock's underlying trend.
MA1: Default 10-EMA
MA2: Default 20-EMA
MA3: Default 50-EMA
MA4: Default 200-EMA
⦿ Moving Average (MA) Crossover: It is a trend signal that occurs when a shorter-term moving average crosses a longer-term one. This script identifies these crossover events and plots a marker on the chart to visually signal a potential change in trend direction.
User-configurable MAs (short and long).
A bullish crossover occurs when the short MA crosses above the long MA.
A bearish crossover occurs when the short MA crosses below the long MA.
⦿ Inside Bar (IB): An Inside Bar is a candlestick whose entire price range is contained within the range of the previous bar. This script identifies this pattern, which often signals consolidation, and visually marks bullish and bearish inside bars on the chart with distinct colors and labels.
⦿ Tightness: Identifies periods of low volatility and price consolidation. It compares the price range over a short lookback period (default 3) to the average daily range (ADR). When the lookback range is smaller than the ADR, the indicator plots a marker on the chart to signal consolidation.
⦿ PowerBar (Purple Dot): Identifies candles with a strong price move on high volume. By default, it plots a purple dot when a stock moves up or down by at least 5% and has a minimum volume of 500,000. More dots indicate higher volatility and liquidity.
⦿ Squeezing Range (SQ): Identifies periods of low volatility, which can often precede a significant price move. It checks if the Bollinger Bands have narrowed to a range that is smaller than the Average True Range (ATR) for a set number of consecutive bars (default 3).
(UpperBB - LowerBB) < (ATR × 2)
⦿ Mark 52-Weeks High and Low: Marks and labels a stock's 52-Week High and Low prices directly on the chart. It draws two horizontal lines extending from the candles where the highest and lowest prices occurred over the past year, providing a clear visual reference for long-term price extremes.
⏳PineScreener Filters
The indicator’s alert conditions act as filters for PineScreener.
Price Filter: Minimum and maximum price cutoffs (default ₹25 - ₹10000).
Daily Price Change Filter: Minimum and maximum daily percent change (default -5% and 5%).
🔔 Built-in Alerts
Supports alert creation for:
ADR%, ATR/ATR %, RS, RS Rating, Turnover
Moving Average Crossover (Bullish/Bearish)
Minervini Trend Template
52-Week High/Low
Inside Bars (Bullish/Bearish)
Tightness
Squeezing Range (SQ)
⚙️ Customizable Visualization
Switchable between vertical or horizontal layout.
Works in dark/light mode
User-configurable to toggle any indicator ON or OFF.
User-configurable Moving (EMA/SMA), Period/Lengths and thresholds.
⦿ (Optional) : For horizontal table orientation increase Top Margin to 16% in Chart (Canvas) settings to avoid chart overlapping with table.
⚡ Add this script to your chart and start making smarter trade decisions today! 🚀
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caracalla ema long short signal📌 Indicator Name
caracalla ema long short signal
This script generates long and short trading signals using multiple technical indicators: EMAs, MACD, RSI, Stochastic, and volume.
🔧 Indicators Used
1. Exponential Moving Averages (EMA)
ema5, ema20, ema60, ema120 — used to determine overall trend direction.
2. Trend Confirmation (MA Alignment)
Bullish alignment: ema5 > ema20 > ema60 > ema120
Bearish alignment: ema5 < ema20 < ema60 < ema120
3. Crossover Signals
Golden Cross: ema5 crosses above ema20
Dead Cross: ema5 crosses below ema20
4. MACD
Standard parameters: 12, 26, 9
MACD Long: MACD line crosses above signal line
MACD Short: MACD line crosses below signal line
5. RSI & Stochastic
RSI(14): checks momentum
Stochastic (%K, %D)
Bullish: RSI > 50 and Stochastic %K crosses above %D
Bearish: RSI < 50 and Stochastic %K crosses below %D
6. Volume Filter
20-period simple average volume
Volume Up: Current volume > 120% of average
Volume Down: Current volume < 80% of average
✅ Signal Logic
📈 Long Signal (longSignal)
Triggered when 3 or more of the following are true:
EMA bullish alignment
Golden cross
MACD bullish crossover
RSI > 50 and Stochastic bullish crossover
High volume
📉 Short Signal (shortSignal)
Triggered when 3 or more of the following are true:
EMA bearish alignment
Dead cross
MACD bearish crossover
RSI < 50 and Stochastic bearish crossover
Low volume
📊 Visual Elements
Long Signal: Green “롱” label below the candle
Short Signal: Red “숏” label above the candle
EMA Lines:
EMA5 (Blue)
EMA20 (Orange)
EMA60 (Green)
EMA120 (Red)
SMA50 - Relleno + AlertasThis is about the 50 SMA and its relationship to price. When the price is above the 50 SMA, it is colored green, indicating a bullish trend. If the price is below the 50 SMA, it is colored red, indicating a bearish trend. It also has alerts when the trend crosses the 50 SMA.
FEDFUNDS Rate Divergence Oscillator [BackQuant]FEDFUNDS Rate Divergence Oscillator
1. Concept and Rationale
The United States Federal Funds Rate is the anchor around which global dollar liquidity and risk-free yield expectations revolve. When the Fed hikes, borrowing costs rise, liquidity tightens and most risk assets encounter head-winds. When it cuts, liquidity expands, speculative appetite often recovers. Bitcoin, a 24-hour permissionless asset sometimes described as “digital gold with venture-capital-like convexity,” is particularly sensitive to macro-liquidity swings.
The FED Divergence Oscillator quantifies the behavioural gap between short-term monetary policy (proxied by the effective Fed Funds Rate) and Bitcoin’s own percentage price change. By converting each series into identical rate-of-change units, subtracting them, then optionally smoothing the result, the script produces a single bounded-yet-dynamic line that tells you, at a glance, whether Bitcoin is outperforming or underperforming the policy backdrop—and by how much.
2. Data Pipeline
• Fed Funds Rate – Pulled directly from the FRED database via the ticker “FRED:FEDFUNDS,” sampled at daily frequency to synchronise with crypto closes.
• Bitcoin Price – By default the script forces a daily timeframe so that both series share time alignment, although you can disable that and plot the oscillator on intraday charts if you prefer.
• User Source Flexibility – The BTC series is not hard-wired; you can select any exchange-specific symbol or even swap BTC for another crypto or risk asset whose interaction with the Fed rate you wish to study.
3. Math under the Hood
(1) Rate of Change (ROC) – Both the Fed rate and BTC close are converted to percent return over a user-chosen lookback (default 30 bars). This means a cut from 5.25 percent to 5.00 percent feeds in as –4.76 percent, while a climb from 25 000 to 30 000 USD in BTC over the same window converts to +20 percent.
(2) Divergence Construction – The script subtracts the Fed ROC from the BTC ROC. Positive values show BTC appreciating faster than policy is tightening (or falling slower than the rate is cutting); negative values show the opposite.
(3) Optional Smoothing – Macro series are noisy. Toggle “Apply Smoothing” to calm the line with your preferred moving-average flavour: SMA, EMA, DEMA, TEMA, RMA, WMA or Hull. The default EMA-25 removes day-to-day whips while keeping turning points alive.
(4) Dynamic Colour Mapping – Rather than using a single hue, the oscillator line employs a gradient where deep greens represent strong bullish divergence and dark reds flag sharp bearish divergence. This heat-map approach lets you gauge intensity without squinting at numbers.
(5) Threshold Grid – Five horizontal guides create a structured regime map:
• Lower Extreme (–50 pct) and Upper Extreme (+50 pct) identify panic capitulations and euphoria blow-offs.
• Oversold (–20 pct) and Overbought (+20 pct) act as early warning alarms.
• Zero Line demarcates neutral alignment.
4. Chart Furniture and User Interface
• Oscillator fill with a secondary DEMA-30 “shader” offers depth perception: fat ribbons often precede high-volatility macro shifts.
• Optional bar-colouring paints candles green when the oscillator is above zero and red below, handy for visual correlation.
• Background tints when the line breaches extreme zones, making macro inflection weeks pop out in the replay bar.
• Everything—line width, thresholds, colours—can be customised so the indicator blends into any template.
5. Interpretation Guide
Macro Liquidity Pulse
• When the oscillator spends weeks above +20 while the Fed is still raising rates, Bitcoin is signalling liquidity tolerance or an anticipatory pivot view. That condition often marks the embryonic phase of major bull cycles (e.g., March 2020 rebound).
• Sustained prints below –20 while the Fed is already dovish indicate risk aversion or idiosyncratic crypto stress—think exchange scandals or broad flight to safety.
Regime Transition Signals
• Bullish cross through zero after a long sub-zero stint shows Bitcoin regaining upward escape velocity versus policy.
• Bearish cross under zero during a hiking cycle tells you monetary tightening has finally started to bite.
Momentum Exhaustion and Mean-Reversion
• Touches of +50 (or –50) come rarely; they are statistically stretched events. Fade strategies either taking profits or hedging have historically enjoyed positive expectancy.
• Inside-bar candlestick patterns or lower-timeframe bearish engulfings simultaneously with an extreme overbought print make high-probability short scalp setups, especially near weekly resistance. The same logic mirrors for oversold.
Pair Trading / Relative Value
• Combine the oscillator with spreads like BTC versus Nasdaq 100. When both the FED Divergence oscillator and the BTC–NDQ relative-strength line roll south together, the cross-asset confirmation amplifies conviction in a mean-reversion short.
• Swap BTC for miners, altcoins or high-beta equities to test who is the divergence leader.
Event-Driven Tactics
• FOMC days: plot the oscillator on an hourly chart (disable ‘Force Daily TF’). Watch for micro-structural spikes that resolve in the first hour after the statement; rapid flips across zero can front-run post-FOMC swings.
• CPI and NFP prints: extremes reached into the release often mean positioning is one-sided. A reversion toward neutral in the first 24 hours is common.
6. Alerts Suite
Pre-bundled conditions let you automate workflows:
• Bullish / Bearish zero crosses – queue spot or futures entries.
• Standard OB / OS – notify for first contact with actionable zones.
• Extreme OB / OS – prime time to review hedges, take profits or build contrarian swing positions.
7. Parameter Playground
• Shorten ROC Lookback to 14 for tactical traders; lengthen to 90 for macro investors.
• Raise extreme thresholds (for example ±80) when plotting on altcoins that exhibit higher volatility than BTC.
• Try HMA smoothing for responsive yet smooth curves on intraday charts.
• Colour-blind users can easily swap bull and bear palette selections for preferred contrasts.
8. Limitations and Best Practices
• The Fed Funds series is step-wise; it only changes on meeting days. Rapid BTC oscillations in between may dominate the calculation. Keep that perspective when interpreting very high-frequency signals.
• Divergence does not equal causation. Crypto-native catalysts (ETF approvals, hack headlines) can overwhelm macro links temporarily.
• Use in conjunction with classical confirmation tools—order-flow footprints, market-profile ledges, or simple price action to avoid “pure-indicator” traps.
9. Final Thoughts
The FEDFUNDS Rate Divergence Oscillator distills an entire macro narrative monetary policy versus risk sentiment into a single colourful heartbeat. It will not magically predict every pivot, yet it excels at framing market context, spotting stretches and timing regime changes. Treat it as a strategic compass rather than a tactical sniper scope, combine it with sound risk management and multi-factor confirmation, and you will possess a robust edge anchored in the world’s most influential interest-rate benchmark.
Trade consciously, stay adaptive, and let the policy-price tension guide your roadmap.
1EMA + 1MACD + 1RSI Crypto Strategy AB 092Title: EMA + MACD + RSI Crypto Strategy
Overview:
This is a trend-following and momentum-based crypto trading strategy built for 1H, 4H, and 1D timeframes, combining three proven indicators:
EMA 50 & EMA 200 Crossover – identifies long-term trend direction.
MACD Crossover (12, 26, 9) – confirms momentum shift.
RSI Filter (14) – avoids overbought/oversold traps and refines entries.
Buy Entry Conditions:
EMA 50 > EMA 200 (Golden Cross)
MACD line crosses above signal line
RSI is between 45 and 70
Sell Entry Conditions:
EMA 50 < EMA 200 (Death Cross)
MACD line crosses below signal line
RSI is between 30 and 55
Risk Management:
Configurable Take Profit and Stop Loss percentages via inputs.
Default: 3% TP, 1.5% SL (adjustable based on timeframe and asset volatility).
Best For:
Intraday trades on 1H (BTC, ETH, SOL)
Swing trades on 4H
Position entries on 1D (top 50 altcoins)
This script includes visual Buy/Sell signals, alert conditions, and customizable SL/TP logic — making it a clean, actionable, and reliable strategy for crypto traders.
MERV: Market Entropy & Rhythm Visualizer [BullByte]The MERV (Market Entropy & Rhythm Visualizer) indicator analyzes market conditions by measuring entropy (randomness vs. trend), tradeability (volatility/momentum), and cyclical rhythm. It provides traders with an easy-to-read dashboard and oscillator to understand when markets are structured or choppy, and when trading conditions are optimal.
Purpose of the Indicator
MERV’s goal is to help traders identify different market regimes. It quantifies how structured or random recent price action is (entropy), how strong and volatile the movement is (tradeability), and whether a repeating cycle exists. By visualizing these together, MERV highlights trending vs. choppy environments and flags when conditions are favorable for entering trades. For example, a low entropy value means prices are following a clear trend line, whereas high entropy indicates a lot of noise or sideways action. The indicator’s combination of measures is original: it fuses statistical trend-fit (entropy), volatility trends (ATR and slope), and cycle analysis to give a comprehensive view of market behavior.
Why a Trader Should Use It
Traders often need to know when a market trend is reliable vs. when it is just noise. MERV helps in several ways: it shows when the market has a strong direction (low entropy, high tradeability) and when it’s ranging (high entropy). This can prevent entering trend-following strategies during choppy periods, or help catch breakouts early. The “Optimal Regime” marker (a star) highlights moments when entropy is very low and tradeability is very high, typically the best conditions for trend trades. By using MERV, a trader gains an empirical “go/no-go” signal based on price history, rather than guessing from price alone. It’s also adaptable: you can apply it to stocks, forex, crypto, etc., on any timeframe. For example, during a bullish phase of a stock, MERV will turn green (Trending Mode) and often show a star, signaling good follow-through. If the market later grinds sideways, MERV will shift to magenta (Choppy Mode), warning you that trend-following is now risky.
Why These Components Were Chosen
Market Entropy (via R²) : This measures how well recent prices fit a straight line. We compute a linear regression on the last len_entropy bars and calculate R². Entropy = 1 - R², so entropy is low when prices follow a trend (R² near 1) and high when price action is erratic (R² near 0). This single number captures trend strength vs noise.
Tradeability (ATR + Slope) : We combine two familiar measures: the Average True Range (ATR) (normalized by price) and the absolute slope of the regression line (scaled by ATR). Together they reflect how active and directional the market is. A high ATR or strong slope means big moves, making a trend more “tradeable.” We take a simple average of the normalized ATR and slope to get tradeability_raw. Then we convert it to a percentile rank over the lookback window so it’s stable between 0 and 1.
Percentile Ranks : To make entropy and tradeability values easy to interpret, we convert each to a 0–100 rank based on the past len_entropy periods. This turns raw metrics into a consistent scale. (For example, an entropy rank of 90 means current entropy is higher than 90% of recent values.) We then divide by 100 to plot them on a 0–1 scale.
Market Mode (Regime) : Based on those ranks, MERV classifies the market:
Trending (Green) : Low entropy rank (<40%) and high tradeability rank (>60%). This means the market is structurally trending with high activity.
Choppy (Magenta) : High entropy rank (>60%) and low tradeability rank (<40%). This is a mostly random, low-momentum market.
Neutral (Cyan) : All other cases. This covers mixed regimes not strongly trending or choppy.
The mode is shown as a colored bar at the bottom: green for trending, magenta for choppy, cyan for neutral.
Optimal Regime Signal : Separately, we mark an “optimal” condition when entropy_norm < 0.3 and tradeability > 0.7 (both normalized 0–1). When this is true, a ★ star appears on the bottom line. This star is colored white when truly optimal, gold when only tradeability is high (but entropy not quite low enough), and black when neither condition holds. This gives a quick visual cue for very favorable conditions.
What Makes MERV Stand Out
Holistic View : Unlike a single-oscillator, MERV combines trend, volatility, and cycle analysis in one tool. This multi-faceted approach is unique.
Visual Dashboard : The fixed on-chart dashboard (shown at your chosen corner) summarizes all metrics in bar/gauge form. Even a non-technical user can glance at it: more “█” blocks = a higher value, colors match the plots. This is more intuitive than raw numbers.
Adaptive Thresholds : Using percentile ranks means MERV auto-adjusts to each market’s character, rather than requiring fixed thresholds.
Cycle Insight : The rhythm plot adds information rarely found in indicators – it shows if there’s a repeating cycle (and its period in bars) and how strong it is. This can hint at natural bounce or reversal intervals.
Modern Look : The neon color scheme and glow effects make the lines easy to distinguish (blue/pink for entropy, green/orange for tradeability, etc.) and the filled area between them highlights when one dominates the other.
Recommended Timeframes
MERV can be applied to any timeframe, but it will be more reliable on higher timeframes. The default len_entropy = 50 and len_rhythm = 30 mean we use 30–50 bars of history, so on a daily chart that’s ~2–3 months of data; on a 1-hour chart it’s about 2–3 days. In practice:
Swing/Position traders might prefer Daily or 4H charts, where the calculations smooth out small noise. Entropy and cycles are more meaningful on longer trends.
Day trader s could use 15m or 1H charts if they adjust the inputs (e.g. shorter windows). This provides more sensitivity to intraday cycles.
Scalpers might find MERV too “slow” unless input lengths are set very low.
In summary, the indicator works anywhere, but the defaults are tuned for capturing medium-term trends. Users can adjust len_entropy and len_rhythm to match their chart’s volatility. The dashboard position can also be moved (top-left, bottom-right, etc.) so it doesn’t cover important chart areas.
How the Scoring/Logic Works (Step-by-Step)
Compute Entropy : A linear regression line is fit to the last len_entropy closes. We compute R² (goodness of fit). Entropy = 1 – R². So a strong straight-line trend gives low entropy; a flat/noisy set of points gives high entropy.
Compute Tradeability : We get ATR over len_entropy bars, normalize it by price (so it’s a fraction of price). We also calculate the regression slope (difference between the predicted close and last close). We scale |slope| by ATR to get a dimensionless measure. We average these (ATR% and slope%) to get tradeability_raw. This represents how big and directional price moves are.
Convert to Percentiles : Each new entropy and tradeability value is inserted into a rolling array of the last 50 values. We then compute the percentile rank of the current value in that array (0–100%) using a simple loop. This tells us where the current bar stands relative to history. We then divide by 100 to plot on .
Determine Modes and Signal : Based on these normalized metrics: if entropy < 0.4 and tradeability > 0.6 (40% and 60% thresholds), we set mode = Trending (1). If entropy > 0.6 and tradeability < 0.4, mode = Choppy (-1). Otherwise mode = Neutral (0). Separately, if entropy_norm < 0.3 and tradeability > 0.7, we set an optimal flag. These conditions trigger the colored mode bars and the star line.
Rhythm Detection : Every bar, if we have enough data, we take the last len_rhythm closes and compute the mean and standard deviation. Then for lags from 5 up to len_rhythm, we calculate a normalized autocorrelation coefficient. We track the lag that gives the maximum correlation (best match). This “best lag” divided by len_rhythm is plotted (a value between 0 and 1). Its color changes with the correlation strength. We also smooth the best correlation value over 5 bars to plot as “Cycle Strength” (also 0 to 1). This shows if there is a consistent cycle length in recent price action.
Heatmap (Optional) : The background color behind the oscillator panel can change with entropy. If “Neon Rainbow” style is on, low entropy is blue and high entropy is pink (via a custom color function), otherwise a classic green-to-red gradient can be used. This visually reinforces the entropy value.
Volume Regime (Dashboard Only) : We compute vol_norm = volume / sma(volume, len_entropy). If this is above 1.5, it’s considered high volume (neon orange); below 0.7 is low (blue); otherwise normal (green). The dashboard shows this as a bar gauge and percentage. This is for context only.
Oscillator Plot – How to Read It
The main panel (oscillator) has multiple colored lines on a 0–1 vertical scale, with horizontal markers at 0.2 (Low), 0.5 (Mid), and 0.8 (High). Here’s each element:
Entropy Line (Blue→Pink) : This line (and its glow) shows normalized entropy (0 = very low, 1 = very high). It is blue/green when entropy is low (strong trend) and pink/purple when entropy is high (choppy). A value near 0.0 (below 0.2 line) indicates a very well-defined trend. A value near 1.0 (above 0.8 line) means the market is very random. Watch for it dipping near 0: that suggests a strong trend has formed.
Tradeability Line (Green→Yellow) : This represents normalized tradeability. It is colored bright green when tradeability is low, transitioning to yellow as tradeability increases. Higher values (approaching 1) mean big moves and strong slopes. Typically in a market rally or crash, this line will rise. A crossing above ~0.7 often coincides with good trend strength.
Filled Area (Orange Shade) : The orange-ish fill between the entropy and tradeability lines highlights when one dominates the other. If the area is large, the two metrics diverge; if small, they are similar. This is mostly aesthetic but can catch the eye when the lines cross over or remain close.
Rhythm (Cycle) Line : This is plotted as (best_lag / len_rhythm). It indicates the relative period of the strongest cycle. For example, a value of 0.5 means the strongest cycle was about half the window length. The line’s color (green, orange, or pink) reflects how strong that cycle is (green = strong). If no clear cycle is found, this line may be flat or near zero.
Cycle Strength Line : Plotted on the same scale, this shows the autocorrelation strength (0–1). A high value (e.g. above 0.7, shown in green) means the cycle is very pronounced. Low values (pink) mean any cycle is weak and unreliable.
Mode Bars (Bottom) : Below the main oscillator, thick colored bars appear: a green bar means Trending Mode, magenta means Choppy Mode, and cyan means Neutral. These bars all have a fixed height (–0.1) and make it very easy to see the current regime.
Optimal Regime Line (Bottom) : Just below the mode bars is a thick horizontal line at –0.18. Its color indicates regime quality: White (★) means “Optimal Regime” (very low entropy and high tradeability). Gold (★) means not quite optimal (high tradeability but entropy not low enough). Black means neither condition. This star line quickly tells you when conditions are ideal (white star) or simply good (gold star).
Horizontal Guides : The dotted lines at 0.2 (Low), 0.5 (Mid), and 0.8 (High) serve as reference lines. For example, an entropy or tradeability reading above 0.8 is “High,” and below 0.2 is “Low,” as labeled on the chart. These help you gauge values at a glance.
Dashboard (Fixed Corner Panel)
MERV also includes a compact table (dashboard) that can be positioned in any corner. It summarizes key values each bar. Here is how to read its rows:
Entropy : Shows a bar of blocks (█ and ░). More █ blocks = higher entropy. It also gives a percentage (rounded). A full bar (10 blocks) with a high % means very chaotic market. The text is colored similarly (blue-green for low, pink for high).
Rhythm : Shows the best cycle period in bars (e.g. “15 bars”). If no calculation yet, it shows “n/a.” The text color matches the rhythm line.
Cycle Strength : Gives the cycle correlation as a percentage (smoothed, as shown on chart). Higher % (green) means a strong cycle.
Tradeability : Displays a 10-block gauge for tradeability. More blocks = more tradeable market. It also shows “gauge” text colored green→yellow accordingly.
Market Mode : Simply shows “Trending”, “Choppy”, or “Neutral” (cyan text) to match the mode bar color.
Volume Regime : Similar to tradeability, shows blocks for current volume vs. average. Above-average volume gives orange blocks, below-average gives blue blocks. A % value indicates current volume relative to average. This row helps see if volume is abnormally high or low.
Optimal Status (Large Row) : In bold, either “★ Optimal Regime” (white text) if the star condition is met, “★ High Tradeability” (gold text) if tradeability alone is high, or “— Not Optimal” (gray text) otherwise. This large row catches your eye when conditions are ripe.
In short, the dashboard turns the numeric state into an easy read: filled bars, colors, and text let you see current conditions without reading the plot. For instance, five blue blocks under Entropy and “25%” tells you entropy is low (good), and a row showing “Trending” in green confirms a trend state.
Real-Life Example
Example : Consider a daily chart of a trending stock (e.g. “AAPL, 1D”). During a strong uptrend, recent prices fit a clear upward line, so Entropy would be low (blue line near bottom, perhaps below the 0.2 line). Volatility and slope are high, so Tradeability is high (green-yellow line near top). In the dashboard, Entropy might show only 1–2 blocks (e.g. 10%) and Tradeability nearly full (e.g. 90%). The Market Mode bar turns green (Trending), and you might see a white ★ on the optimal line if conditions are very good. The Volume row might light orange if volume is above average during the rally. In contrast, imagine the same stock later in a tight range: Entropy will rise (pink line up, more blocks in dashboard), Tradeability falls (fewer blocks), and the Mode bar turns magenta (Choppy). No star appears in that case.
Consolidated Use Case : Suppose on XYZ stock the dashboard reads “Entropy: █░░░░░░░░ 20%”, “Tradeability: ██████████ 80%”, Mode = Trending (green), and “★ Optimal Regime.” This tells the trader that the market is in a strong, low-noise trend, and it might be a good time to follow the trend (with appropriate risk controls). If instead it reads “Entropy: ████████░░ 80%”, “Tradeability: ███▒▒▒▒▒▒ 30%”, Mode = Choppy (magenta), the trader knows the market is random and low-momentum—likely best to sit out until conditions improve.
Example: How It Looks in Action
Screenshot 1: Trending Market with High Tradeability (SOLUSD, 30m)
What it means:
The market is in a clear, strong trend with excellent conditions for trading. Both trend-following and active strategies are favored, supported by high tradeability and strong volume.
Screenshot 2: Optimal Regime, Strong Trend (ETHUSD, 1h)
What it means:
This is an ideal environment for trend trading. The market is highly organized, tradeability is excellent, and volume supports the move. This is when the indicator signals the highest probability for success.
Screenshot 3: Choppy Market with High Volume (BTC Perpetual, 5m)
What it means:
The market is highly random and choppy, despite a surge in volume. This is a high-risk, low-reward environment, avoid trend strategies, and be cautious even with mean-reversion or scalping.
Settings and Inputs
The script is fully open-source; here are key inputs the user can adjust:
Entropy Window (len_entropy) : Number of bars used for entropy and tradeability (default 50). Larger = smoother, more lag; smaller = more sensitivity.
Rhythm Window (len_rhythm ): Bars used for cycle detection (default 30). This limits the longest cycle we detect.
Dashboard Position : Choose any corner (Top Right default) so it doesn’t cover chart action.
Show Heatmap : Toggles the entropy background coloring on/off.
Heatmap Style : “Neon Rainbow” (colorful) or “Classic” (green→red).
Show Mode Bar : Turn the bottom mode bar on/off.
Show Dashboard : Turn the fixed table panel on/off.
Each setting has a tooltip explaining its effect. In the description we will mention typical settings (e.g. default window sizes) and that the user can move the dashboard corner as desired.
Oscillator Interpretation (Recap)
Lines : Blue/Pink = Entropy (low=trend, high=chop); Green/Yellow = Tradeability (low=quiet, high=volatile).
Fill : Orange tinted area between them (for visual emphasis).
Bars : Green=Trending, Magenta=Choppy, Cyan=Neutral (at bottom).
Star Line : White star = ideal conditions, Gold = good but not ideal.
Horizontal Guides : 0.2 and 0.8 lines mark low/high thresholds for each metric.
Using the chart, a coder or trader can see exactly what each output represents and make decisions accordingly.
Disclaimer
This indicator is provided as-is for educational and analytical purposes only. It does not guarantee any particular trading outcome. Past market patterns may not repeat in the future. Users should apply their own judgment and risk management; do not rely solely on this tool for trading decisions. Remember, TradingView scripts are tools for market analysis, not personalized financial advice. We encourage users to test and combine MERV with other analysis and to trade responsibly.
-BullByte
Trigonometric StochasticTrigonometric Stochastic - Mathematical Smoothing Oscillator
Overview
A revolutionary approach to stochastic oscillation using sine wave mathematical smoothing. This indicator transforms traditional stochastic calculations through trigonometric functions, creating an ultra-smooth oscillator that reduces noise while maintaining sensitivity to price changes.
Mathematical Foundation
Unlike standard stochastic oscillators, this version applies sine wave smoothing:
• Raw Stochastic: (close - lowest_low) / (highest_high - lowest_low) × 100
• Trigonometric Smoothing: 50 + 50 × sin(2π × raw_stochastic / 100)
• Result: Naturally smooth oscillator with mathematical precision
Key Features
Advanced Smoothing Technology
• Sine Wave Filter: Eliminates choppy movements while preserving signal integrity
• Natural Boundaries: Mathematically constrained between 0-100
• Reduced False Signals: Trigonometric smoothing filters market noise effectively
Traditional Stochastic Levels
• Overbought Zone: 80 level (dashed line)
• Oversold Zone: 20 level (dashed line)
• Midline: 50 level (dotted line) - equilibrium point
• Visual Clarity: Clean oscillator panel with clear level markings
Smart Signal Generation
• Anti-Repaint Logic: Uses confirmed previous bar values
• Buy Signals: Generated when crossing above 30 from oversold territory
• Sell Signals: Generated when crossing below 70 from overbought territory
• Crossover Detection: Precise entry/exit timing
Professional Presentation
• Separate Panel: Dedicated oscillator window (overlay=false)
• Price Format: Formatted as price indicator with 2-decimal precision
• Theme Adaptive: Automatically matches your chart color scheme
Parameters
• Cycle Length (5-200): Period for highest/lowest calculations
- Shorter periods = more sensitive, more signals
- Longer periods = smoother, fewer but stronger signals
Trading Applications
Momentum Analysis
• Overbought/Oversold: Clear visual identification of extreme levels
• Momentum Shifts: Early detection of momentum changes
• Trend Strength: Monitor oscillator position relative to midline
Signal Trading
• Long Entries: Buy when crossing above 30 (oversold bounce)
• Short Entries: Sell when crossing below 70 (overbought rejection)
• Confirmation Tool: Use with trend indicators for higher probability trades
Divergence Detection
• Bullish Divergence: Price makes lower lows, oscillator makes higher lows
• Bearish Divergence: Price makes higher highs, oscillator makes lower highs
• Early Warning: Spot potential trend reversals before they occur
Trading Strategies
Scalping (5-15min timeframes)
• Use cycle length 10-14 for quick signals
• Focus on 20/80 level bounces
• Combine with price action confirmation
Swing Trading (1H-4H timeframes)
• Use cycle length 20-30 for reliable signals
• Wait for clear crossovers with momentum
• Monitor divergences for reversal setups
Position Trading (Daily+ timeframes)
• Use cycle length 50+ for major signals
• Focus on extreme readings (below 10, above 90)
• Combine with fundamental analysis
Advantages Over Standard Stochastic
1. Smoother Action: Sine wave smoothing reduces whipsaws
2. Mathematical Precision: Trigonometric functions provide consistent behavior
3. Maintained Sensitivity: Smoothing doesn't compromise signal quality
4. Reduced Noise: Cleaner signals in volatile markets
5. Visual Appeal: More aesthetically pleasing oscillator movement
Best Practices
• Market Context: Consider overall trend direction
• Multiple Timeframe: Confirm signals on higher timeframes
• Risk Management: Always use proper position sizing
• Backtesting: Test parameters on your preferred instruments
• Combination: Works excellently with trend-following indicators
Built-in Alerts
• Buy Alert: Trigonometric stochastic oversold crossover
• Sell Alert: Trigonometric stochastic overbought crossunder
Technical Specifications
• Pine Script Version: v6
• Panel: Separate oscillator window
• Format: Price indicator with 2-decimal precision
• Performance: Optimized for all timeframes
• Compatibility: Works with all instruments
Free and open-source indicator. Modify, improve, and share with the community!
Educational Value: Perfect for traders wanting to understand how mathematical smoothing improves oscillators and trigonometric applications in technical analysis.
Enhanced Market Structure StrategyATR-Based Risk Management:
Stop Loss: 2 ATR from entry (configurable)
Take Profit: 3 ATR from entry (configurable)
Dynamic Position Sizing: Based on ATR stop distance and max risk percentage
Advanced Signal Filters:
RSI Filter:
Long trades: RSI < 70 and > 40 (avoiding overbought)
Short trades: RSI > 30 and < 60 (avoiding oversold)
Volume Filter:
Requires volume > 1.2x the 20-period moving average
Ensures institutional participation
MACD Filter (Optional):
Long: MACD line above signal line and rising
Short: MACD line below signal line and falling
EMA Trend Filter:
50-period EMA for trend confirmation
Long trades require price above rising EMA
Short trades require price below falling EMA
Higher Timeframe Filter:
Uses 4H/Daily EMA for multi-timeframe confluence
Enhanced Entry Logic:
Regular Entries: IDM + BOS + ALL filters must pass
Sweep Entries: Failed breakouts with tighter stops (1.6 ATR)
High-Probability Focus: Only trades when multiple confirmations align
Visual Improvements:
Detailed Entry Labels: Show entry, stop, target, and risk percentage
SL/TP Lines: Visual representation of risk/reward
Filter Status: Bar coloring shows when all filters align
Comprehensive Statistics: Real-time performance metrics
Key Strategy Parameters:
pinescript// Recommended Settings for Different Markets:
// Forex (4H-Daily):
// - CHoCH Period: 50-75
// - ATR SL: 2.0, ATR TP: 3.0
// - All filters enabled
// Crypto (1H-4H):
// - CHoCH Period: 30-50
// - ATR SL: 2.5, ATR TP: 4.0
// - Volume filter especially important
// Indices (4H-Daily):
// - CHoCH Period: 50-100
// - ATR SL: 1.8, ATR TP: 2.7
// - EMA and MACD filters crucial
Expected Performance Improvements:
Win Rate: 55-70% (improved filtering)
Profit Factor: 2.0-3.5+ (better risk/reward with ATR)
Reduced Drawdown: Stricter filters reduce false signals
Consistent Risk: ATR-based stops adapt to volatility
This enhanced version provides much more robust signal filtering while maintaining the core market structure edge, resulting in higher-probability trades with consistent risk management.
Stochastic Trend Signal with MTF FilterMulti-Timeframe Stochastic Trend Filter – Real Signals with Confirmation Candles
This script is a multi-timeframe Stochastic trend filter designed to help traders identify reliable BUY/SELL signals based on both momentum and higher-timeframe trend context.
It combines three key components:
Entry Signal Logic:
Entry is based on the Stochastic Oscillator (%K, 14,3), where overbought/oversold conditions are detected in the current chart's timeframe.
A green (bullish) candle following a red candle with %K below 20 can trigger a BUY signal.
A red (bearish) candle following a green candle with %K above 80 can trigger a SELL signal.
Trend Confirmation – Daily Filter:
The script uses Stochastic on the 1D (Daily) timeframe to determine whether short-term momentum aligns with a broader daily trend.
BUY signals are only allowed if the Daily %K is above 50.
SELL signals are only allowed if the Daily %K is below 50.
Long-Term Trend Filter – Weekly Stochastic:
A second filter uses Weekly %K:
BUY signals are suppressed if the Weekly trend is bearish (Weekly %K < 50) while Daily %K is bullish (> 50).
SELL signals are suppressed if the Weekly trend is bullish (Weekly %K > 50) while Daily %K is bearish (< 50).
🖼️ The chart background changes color to visually assist users:
Green background: bullish alignment on Daily and Weekly Stochastic.
Red background: bearish alignment.
Gray background: trend conflict (Daily and Weekly disagree).
✅ This script is ideal for swing traders or position traders who want to enter with confirmation while avoiding false signals during trend conflict zones.
🔔 Alerts are provided for BUY and SELL signals once all conditions are met.
How to use:
Apply on timeframe (4H recommended).
Add alerts for "BUY Alert" and "SELL Alert".
Use background color and plotted labels as entry filters.
Disclaimer: This is not financial advice. Always use proper risk management and test on demo accounts first.
Trend Strength Oscillator📌 Trend Strength Oscillator
📄 Description
Trend Strength Oscillator measures the directional strength of price relative to an adaptive dynamic trend band. It evaluates how far the current price is from the midpoint of a trend channel and normalizes this value by recent volatility range, allowing traders to detect trend strength, direction, and potential exhaustion in any market condition.
📌 Features
🔹 Adaptive Trend Band Logic: Uses a modified ATR and time-dependent spread formula to dynamically adjust upper and lower trend bands.
🔹 Trendline Midpoint Calculation: The central trendline is defined as the average between upper and lower bands.
🔹 Relative Positioning: Measures how far the close is from the center of the band as a percentage.
🔹 Range Normalization: Uses a normalized range to account for recent volatility, reducing noise in the oscillator reading.
🔹 Oscillator Output (±100 scale):
+100 indicates strong bullish momentum
-100 indicates strong bearish momentum
0 is the neutral centerline
🛠️ How to Use
✅ Trend Strength > +50: Indicates a strong bullish phase.
✅ Trend Strength < -50: Indicates a strong bearish phase.
⚠️ Crossing above 0: Potential bullish trend initiation.
⚠️ Crossing below 0: Potential bearish trend initiation.
📉 Values near 0: Suggest trend weakness or ranging conditions.
Best suited timeframes: 1H, 4H, Daily
Ideal combination with: RSI, MACD, volume-based oscillators, moving average crosses
✅ TradingView House Rules Compliance
This indicator is written in Pine Script v5 and fully open-source.
The script does not repaint, does not generate false alerts, and does not access external or private data.
It is intended strictly as a technical analysis tool, and not a buy/sell signal generator.
Users are encouraged to combine this tool with other confirmations and independent judgment in trading decisions.
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📌 Trend Strength Oscillator
📄 설명 (Description)
Trend Strength Oscillator는 가격이 동적 추세 밴드 내 어디에 위치해 있는지를 정량적으로 분석하여, 추세의 방향성과 강도를 시각적으로 보여주는 오실레이터 지표입니다. 최근 변동성을 반영한 밴드를 기반으로 가격 위치를 정규화하여, 과매수·과매도 상태나 추세의 소멸 가능성까지 탐지할 수 있도록 설계되었습니다.
📌 주요 특징 (Features)
🔹 적응형 추세 밴드 계산: ATR과 시간 경과를 기반으로 상단/하단 밴드를 동적으로 조정
🔹 중심 추세선 산출: 상단과 하단 밴드의 평균값을 중심선으로 활용하여 기준 축 제공
🔹 상대 위치 계산: 현재 종가가 중심선에서 얼마나 떨어져 있는지를 정규화하여 추세 강도 계산
🔹 변동성 기반 정규화: 최근 밴드 범위를 기준으로 상대 거리를 0~100 사이 값으로 변환
🔹 오실레이터 출력 (범위: ±100):
+100에 가까울수록 강한 상승 추세
-100에 가까울수록 강한 하락 추세
0에 가까울수록 횡보 구간 가능성
🛠️ 사용법 (How to Use)
✅ +50 이상: 강한 상승 추세 지속 중
✅ -50 이하: 강한 하락 추세 지속 중
⚠️ 0선 돌파 상향: 상승 추세 시작 가능성
⚠️ 0선 돌파 하향: 하락 추세 시작 가능성
🟡 0 근처 유지: 추세 약화 또는 횡보장 가능성
추천 시간대: 1시간봉, 4시간봉, 일봉
보조 지표로 추천: RSI, MACD, OBV, 이동평균 크로스 등과 함께 활용 시 효과적
✅ 트레이딩뷰 하우스룰 준수사항 (TradingView House Rules Compliance)
본 지표는 Pine Script v5로 작성된 오픈소스 공개용 스크립트입니다.
리페인트(Repaint) 현상이 없으며, **허위 경고(Spam Alerts)**나 성능 저하 요소도 없습니다.
외부 데이터 접근 없이 완전히 자체 계산으로 동작합니다.
이 지표는 투자 판단을 돕기 위한 분석용 도구이며, 직접적인 매수·매도 신호로 사용해서는 안 됩니다.
모든 트레이딩은 사용자의 독립적인 판단과 책임 하에 이루어져야 합니다.
Multi SMA AnalyzerMulti SMA Analyzer with Custom SMA Table & Advanced Session Logic
A feature-rich SMA analysis suite for traders, offering up to 7 configurable SMAs, in-depth trend detection, real-time table, and true session-aware calculations.
Ideal for those who want to combine intraday, swing, and higher-timeframe trend analysis with maximum chart flexibility.
Key Features
📊 Multi-SMA Overlay
- 7 SMAs (default: 5, 20, 50, 100, 200, 21, 34)—individually configurable (period, source, color, line style)
- Show/hide each SMA, custom line style (solid, stepline, circles), and color logic
- Dynamic color: full opacity above SMA, reduced when below
⏰ Session-Aware SMAs
- Each SMA can be calculated using only user-defined session hours/days/timezone
- “Ignore extended hours” option for accurate intraday trend
📋 Smart Data Table
- Live SMA values, % distance from price, and directional arrows (↑/↓/→)
- Bull/Bear/Sideways trend classification
- Custom table position, size, colors, transparency
- Table can run on chart or custom (higher) timeframe for multi-TF analysis
🎯 Golden/Death Cross Detection
- Flexible crossover engine: select any two from (5, 10, 20, 50, 100, 200) for fast/slow SMA cross signals
- Plots icons (★ Golden, 💀 Death), optional crossover labels with custom size/colors
🏷️ SMA Labels
- Optional on-chart SMA period labels
- Custom placement (above/below/on line), size, color, offset
🚨 Signal & Trend Engine
- Bull/Bear/Sideways logic: price vs. multiple SMAs (not just one pair)
- Volume spike detection (2x 20-period SMA)
- Bullish engulfing candlestick detection
- All signals can use chart or custom table timeframe
🎨 Visual Customization
- Dynamic background color (Bull: green, Bear: red, Neutral: gray)
- Every visual aspect is customizable: label/table colors, transparency, size, position
🔔 Built-in Alerts
- Crossovers (SMA20/50, Golden/Death)
- Bull trend, volume spikes, engulfing pattern—all alert-ready
How It Works
- Session Filtering:
- SMAs can be set to count only bars from your chosen market session, for true intraday/trading-hour signals
Dynamic Table & Signals:
- Table and all signal logic run on your selected chart or custom timeframe
Flexible Crossover:
- Choose any pair (5, 10, 20, 50, 100, 200) for cross detection—SMA 10 is available for crossover even if not shown as an SMA line
Everything is modular:
- Toggle features, set visuals, and alerts to your workflow
🚨 How to Use Alerts
- All key signals (crossovers, trend shifts, volume spikes, engulfing patterns) are available as alert conditions.
To enable:
- Click the “Alerts” (clock) icon at the top of TradingView.
- Select your desired signal (e.g., “Golden Cross”) from the condition dropdown.
- Set your alert preferences and create the alert.
- Now, you’ll get notified automatically whenever a signal occurs!
Perfect For
- Multi-timeframe and swing traders seeking higher timeframe SMA confirmation
- Intraday traders who want to ignore pre/post-market data
- Anyone wanting a modern, powerful, fully customizable multi-SMA overlay
// P.S: Experiment with Golden Cross where Fast SMA is 5 and Slow SMA is 20.
// Set custom timeframe for 4 hr while monitoring your chart on 15 min time frame.
// Enable Background Color and Use Table Timeframe for Background.
// Uncheck Pine labels in Style tab.
Clean, open-source, and loaded with pro features—enjoy!
Like, share, and let me know if you'd like any new features added.
Adiyogi Trend🟢🔴 “Adiyogi” Trend — Market Alignment Visualizer
“Adiyogi” Trend is a powerful, non-intrusive trend detection system built for traders who seek clarity, discipline, and alignment with true market flow. Inspired by the meditative stillness of Adiyogi and the need for mindful, high-probability decisions, this tool offers a clean and intuitive visual guide to trending environments — without cluttering the chart or pushing forced trades.
This is not a buy/sell signal generator. Instead, it is designed as a background confirmation engine that helps you stay on the right side of the market by identifying moments of true directional strength.
🧠 Core Logic
The “Adiyogi” Trend indicator highlights the background of your chart in green or red when multiple layers of strength and structure align — including momentum, market positioning, and relative force. Only when these internal components agree does the system activate a directional state.
It’s built on three foundational energies of trend confirmation:
Strength of movement
Structure in price action
Conviction in momentum
By combining these into one visual background, the indicator filters out indecision and helps you stay focused during real trend phases — whether you're day trading, swing trading, or holding longer-term positions.
📌 Core Concepts Behind the Tool
The indicator integrates three essential market filters—each confirming a different dimension of trend strength:
ADX (Average Directional Index) – Measures trend momentum.
You’ve chosen a very responsive setting (ADX Length = 2), which helps catch the earliest possible signs of momentum emergence.
The threshold is ADX ≥ 22, ensuring that weak or sideways markets are filtered out.
SuperTrend (10,1) – Captures short-term trend direction.
This setup follows price closely and reacts quickly to reversals, making it ideal for fast-moving assets or intraday strategies.
SuperTrend acts as the structural confirmation of directional bias.
RSI (Relative Strength Index) – Measures strength based on recent price closes.
You’ve configured RSI > 50 for bullish zones and < 50 for bearish—a neutral midpoint standard often used by professional traders.
This ensures that only trades in sync with momentum and recent strength are highlighted.
🌈 How It Visually Works
Background turns GREEN when:
ADX ≥ 22, indicating strong momentum
Price is above the 20 EMA and above SuperTrend (10,1)
RSI > 50, confirming recent strength
Background turns RED when:
ADX ≥ 22, indicating strong momentum
Price is below the 20 EMA and below SuperTrend (10,1)
RSI < 50, confirming recent weakness
The background remains neutral (transparent) when trend conditions are not clearly aligned—this is the tool's way of keeping you out of indecisive markets.
A label (BULL / BEAR) appears only when the bias flips from the previous one. This helps avoid repeated or redundant alerts, focusing your attention only when something changes.
📊 Practical Uses & Benefits
✅ Stay with the trend: Perfectly filters out choppy or sideways markets by only activating when conditions align across momentum, structure, and strength.
✅ Pre-trade confirmation: Use this tool to confirm trade setups from other indicators or price action patterns.
✅ Avoid noise: Prevent overtrading by focusing only on high-quality trend conditions.
✅ Visual clarity: Unlike arrows or plots that clutter the chart, this tool subtly highlights trend conditions in the background, preserving your price action view.
📍 Important Notes
This is not a buy/sell signal generator. It is a trend-confirmation system.
Use it in conjunction with your existing entry setups—such as breakouts, order blocks, retests, or candlestick patterns.
The tool helps you stay in sync with the dominant direction, especially when combining multiple timeframes.
Can be used on any market (stocks, forex, crypto, indices) and on any timeframe.
All SMAs Bullish/Bearish Screener (Enhanced)All SMAs Bullish/Bearish Screener Enhanced: Uncover High-Conviction Trend Alignments with Confidence
Description:
Are you ready to elevate your trading from mere guesswork to precise, data-driven decisions? The "All SMAs Bullish/Bearish Screener Enhanced" is not just another indicator; it's a sophisticated, yet user-friendly, trend-following powerhouse designed to cut through market noise and pinpoint high-probability trading opportunities. Built on the foundational strength of comprehensive Moving Average confluence and fortified with critical confirmation signals from Momentum, Volume, and Relative Strength, this script empowers you to identify truly robust trends and manage your trades with unparalleled clarity.
The Power of Multi-Factor Confluence: Beyond Simple Averages
In the unpredictable world of financial markets, true strength or weakness is rarely an isolated event. It's the harmonious alignment of multiple technical factors that signals a high-conviction move. While our original "All SMAs Bullish/Bearish Screener" intelligently identified stocks where price was consistently above or below a full spectrum of Simple Moving Averages (5, 10, 20, 50, 100, 200), this Enhanced version takes it a crucial step further.
We've integrated a powerful three-pronged confirmation system to filter out weaker signals and highlight only the most compelling setups:
Momentum (Rate of Change - ROC): A strong trend isn't just about price direction; it's about the speed and intensity of that movement. Positive momentum confirms that buyers are still aggressively pushing price higher (for bullish signals), while negative momentum validates selling pressure (for bearish signals).
Volume: No trend is truly trustworthy without the backing of smart money. Above-average volume accompanying an "All SMAs" alignment signifies strong institutional participation and conviction behind the move. It separates genuine trend starts from speculative whims.
Relative Strength Index (RSI): This versatile oscillator ensures the trend isn't just "there," but that it's developing healthily. We use RSI to confirm a bullish bias (above 50) or a bearish bias (below 50), adding another layer of confidence to the direction.
When the price aligns above ALL six critical SMAs, and is simultaneously confirmed by robust positive momentum, healthy volume, and a bullish RSI bias, you have an exceptionally strong "STRONGLY BULLISH" signal. This confluence often precedes sustained upward moves, signaling prime accumulation phases. Conversely, a "STRONGLY BEARISH" signal, where price is below ALL SMAs with negative momentum, confirming volume, and a bearish RSI bias, indicates powerful distribution and potential for significant downside.
How to Use This Enhanced Screener:
Add to Chart: Go to TradingView's Pine Editor, paste the script, and click "Add to Chart."
Customize Parameters: Fine-tune the lengths of your SMAs, RSI, Momentum, and Volume averages via the indicator's settings. Experiment to find what best suits your trading style and the assets you trade.
Choose Your Timeframe Wisely:
Daily (1D) and 4-Hour (240 min) are highly recommended. These timeframes cut through intraday noise and provide more reliable, actionable signals for swing and position trading.
Shorter timeframes (e.g., 15min, 60min) can be used by advanced day traders for very short-term entries, but be aware of increased volatility and noise.
Visual Confirmation:
Green/Red Triangles: Appear on your chart, indicating confirmed bullish or bearish signals.
Background Color: The chart background will subtly turn lime green for "STRONGLY BULLISH" and red for "STRONGLY BEARISH" conditions.
On-Chart Status Table: A clear table displays the current signal status ("STRONGLY BULLISH/BEARISH," or "SMAs Mixed") for immediate feedback.
Set Up Alerts (Your Primary Screener Tool): This is the game-changer! Create custom alerts on TradingView based on the "Confirmed Bullish Trade" and "Confirmed Bearish Trade" conditions. Receive instant notifications (email, pop-up, mobile) for any stock in your watchlist that meets these stringent criteria. This allows you to scan the entire market effortlessly and act decisively.
Strategic Stop-Loss Placement: The Trader's Lifeline
Even the most robust signals can fail. Protecting your capital is paramount. For this trend-following strategy, your stop-loss should be placed where the underlying trend structure is broken.
For a "STRONGLY BULLISH" Trade: Place your stop-loss just below the most recent significant swing low (higher low). This is the last point where buyers stepped in to support the price. If price breaks below this, your bullish thesis is invalidated.
For a "STRONGLY BEARISH" Trade: Place your stop-loss just above the most recent significant swing high (lower high). If price breaks above this, your bearish thesis is invalidated.
Alternatively, consider placing your stop-loss just below the 20-period SMA (for bullish trades) or above the 20-period SMA (for bearish trades). A significant close beyond this intermediate-term average often indicates a critical shift in momentum. Always ensure your chosen stop-loss adheres to your pre-defined risk per trade (e.g., 1-2% of capital).
Disciplined Profit Booking: Maximizing Gains
Just as important as knowing when you're wrong is knowing when to take profits.
Trailing Stop-Loss: As your trade moves into profit, trail your stop-loss upwards (for longs) or downwards (for shorts). You can trail it using:
Previous Swing Lows/Highs: Move your stop to just below each new higher low (for longs) or just above each new lower high (for shorts).
A Moving Average (e.g., 10-period or 20-period SMA): If price closes below your chosen trailing SMA, exit. This allows you to ride the trend while protecting accumulated profits.
Target Levels: Identify potential resistance levels (for longs) or support levels (for shorts) using pivot points, previous highs/lows, or Fibonacci extensions. Consider taking partial profits at these levels and letting the rest run with a trailing stop.
Loss of Confluence: If the "STRONGLY BULLISH/BEARISH" condition ceases to be met (e.g., RSI crosses below 50, or volume drops significantly), this can be a signal to reduce or exit your position, even if your stop-loss hasn't been hit.
The "All SMAs Bullish/Bearish Screener Enhanced" is your comprehensive partner in navigating the markets. By combining robust trend identification with critical confirmation signals and disciplined risk management, you're equipped to make smarter, more confident trading decisions. Add it to your favorites and unlock a new level of precision in your trading journey!
#PineScript #TradingView #SMA #MovingAverage #TrendFollowing #StockScreener #TechnicalAnalysis #Bullish #Bearish #QQQ #Momentum #Volume #RSI #SPY #TradingStrategy #Enhanced #Signals #Analysis #DayTrading #SwingTrading
Omega Market Mood Meter [OmegaTools]The Omega Market Mood Meter is a precision-built sentiment oscillator that captures the market’s emotional intensity through a multi-layered RSI system. Designed for traders who seek to align with the market's true behavioral state, it blends momentum readings with a brand-new, rarely-seen innovation: the Sentiment-Weighted Moving Average (WMA-Ω)—a trend filter that dynamically adjusts to the market’s psychological tone.
🧠 Market Mood Oscillator
At its core, the Ω 3M oscillator aggregates three RSI-based components:
RSI(9) on close — captures short-term tension;
RSI(21) on HLC3 — balances medium-term positioning;
RSI(50) on HL2 — reflects long-term directional weight.
Each input is scaled and weighted to contribute to a final oscillator centered around zero, with ±50 and ±100 acting as key sentiment boundaries. When values exceed ±100, the market is likely reaching emotional extremes—zones that often precede reversals or require caution.
Visual features include:
Dynamic Background Highlighting: automatically emphasizes extreme sentiment zones.
Reference Lines: plotted at ±100, ±50, and 0 for fast sentiment interpretation.
🔥 WMA-Ω: Sentiment-Weighted Moving Average
The standout innovation of this tool is the Weighted Market Mood Moving Average, or WMA-Ω—a proprietary calculation that averages price using the absolute value of sentiment as its weighting force. This approach gives greater importance to price during periods of strong emotional conviction (either bullish or bearish), resulting in a context-aware trend filter that reacts only when sentiment truly matters.
This technique:
Filters noise during low-volatility or indecisive conditions;
Enhances reliability by reacting to meaningful sentiment surges;
Offers a more psychologically-adjusted trend baseline compared to traditional MAs.
Visually:
When price is above WMA-Ω, a semi-transparent bullish fill highlights underlying strength;
When below, a bearish fill reveals dominant downward sentiment.
This feature is unique among public TradingView tools and provides an edge in identifying trend quality with psychological context.
✅ How to Use
Extreme Sentiment Zones (±100): Use as contrarian warning zones or signal dampeners.
Crosses of WMA-Ω: Treat these as psychological trend confirmations; price above indicates structurally bullish sentiment and vice versa.
Range-bound Bias: Between ±50, sentiment may be indecisive; watch for breakout or alignment with WMA-Ω.
Advanced Confluence: Combine with other Omega tools (e.g., Ω Bias Forecaster, Ω IV Walls) for powerful regime-based strategies.
Omega Market Mood Meter is ideal for discretionary and systematic traders who want a clean, multi-timeframe sentiment readout and a cutting-edge weighted trend engine grounded in market psychology.
IDKFAIDKFA - Advanced Order Blocks & Volume Profile with Market Structure Analysis
Why IDKFA?
Named after the legendary DOOM cheat code that gives players "all weapons and full ammo," IDKFA provides traders with a comprehensive arsenal of market analysis tools. Just as the cheat code arms players with everything needed for combat, this indicator equips traders with essential market structure tools: Order Blocks, Volume Profile, LVN/HVN areas, Fibonacci retracements, and intelligent buy/sell signals - all in one unified system.
Core Features
Order Blocks Detection
Automatically identifies institutional order blocks using pivot high/low analysis
Extends blocks dynamically until price interaction occurs
Bullish blocks (demand zones) and bearish blocks (supply zones)
Customizable opacity and extend functionality
Advanced Volume Profile
Real-time volume profile calculation for multiple session types
Point of Control (POC), Value Area High (VAH), and Value Area Low (VAL)
Mode 1: Side-by-side bull/bear volume display
Mode 2: Overlapped volume display with percentage analysis
Shows buying vs selling pressure at each price level
LVN/HVN Area Detection
Low Volume Nodes (LVN): Areas below VAL where price moves quickly
High Volume Nodes (HVN): Areas above VAH with strong resistance
NPOC (Naked Point of Control): Single print areas within Value Area
Volume-based gradient coloring shows relative activity levels
Smart Fibonacci Retracements
Auto-detects trend direction for proper fibonacci orientation
Dynamic color coding: Red levels in uptrends, Gold in downtrends
Special 88.6% level turns lime green in downtrends
Key levels: 23.6%, 38.2%, 50%, 61.8%, 65%, 78.6%, 88.6%
Intelligent Signal System
Works best on higher timeframes
Identifies high-probability reversal setups at key levels
Buy signals: Large bearish rejection followed by bullish reclaim
Sell signals: Large bullish rejection followed by bearish breakdown
Signals only trigger near significant support/resistance areas
Signal Analysis & Usage Guidelines
Buy Signal Mechanics
The buy signal triggers when:
Previous candle shows significant bearish movement (minimum ATR multiplier)
Current candle reclaims a configurable percentage of the previous candle's range
Price is near a key support level (order blocks, fibonacci, volume levels)
Sell Signal Mechanics
The sell signal triggers when:
Previous candle shows significant bullish movement (minimum ATR multiplier)
Current candle rejects below a configurable percentage of the previous candle's range
Price is near a key resistance level (order blocks, fibonacci, volume levels)
When to TAKE Signals
High Probability Buy Signals:
Signal appears AT or BELOW the VAL (Value Area Low)
Signal occurs at bullish order block confluence
Price is in LVN area below VAL (momentum acceleration zone)
Signal aligns with fibonacci 61.8% or 78.6% support
Multiple session POC levels provide support confluence
Previous session's VAL acting as current support
High Probability Sell Signals:
Signal appears AT or ABOVE the VAH (Value Area High)
Signal occurs at bearish order block confluence
Price is in HVN area above VAH (heavy resistance zone)
Signal aligns with fibonacci 61.8% or 78.6% resistance
Multiple session POC levels provide resistance confluence
Previous session's VAH acting as current resistance
When to AVOID Signals
Avoid Buy Signals When:
Signal appears ABOVE the VAH (buying into resistance)
Price is in HVN red zones (high volume resistance areas)
No clear support structure below current price
Volume profile shows heavy selling pressure (high bear percentages)
Signal occurs during low-volume periods between major sessions
Multiple bearish order blocks exist below current price
Avoid Sell Signals When:
Signal appears BELOW the VAL (selling into support)
Price is in LVN green zones (momentum could continue)
No clear resistance structure above current price
Volume profile shows heavy buying pressure (high bull percentages)
Signal occurs during Asian session ranges without clear direction
Multiple bullish order blocks exist above current price
Volume Profile Context for Signals
Understanding Bull/Bear Percentages:
70%+ Bull dominance at a level = Strong support expected
70%+ Bear dominance at a level = Strong resistance expected
50/50 Split = Neutral zone, less predictable
Use percentages to gauge conviction behind moves
POC (Point of Control) Interactions:
Signals above POC in uptrend = Higher probability
Signals below POC in downtrend = Higher probability
Signals against POC bias require extra confirmation
POC often acts as magnetic level for price return
Trading Strategies
Strategy 1: VAL/VAH Bounce Strategy
Wait for price to approach VAL (support) or VAH (resistance)
Look for signal confirmation at these critical levels
Enter with tight stops beyond the Value Area
Target opposite boundary or next session's levels
Strategy 2: Order Block + Volume Confluence
Identify order block alignment with VAL/VAH
Wait for signal within the confluence zone
Enter on signal with stop beyond order block
Use LVN areas as acceleration zones for targets
Strategy 3: LVN/HVN Strategy
LVN (Green) Areas: "Go Zones" - expect quick price movement through low volume
HVN (Red) Areas: "Stop Zones" - expect resistance and potential reversals
NPOC Areas: "Fill Zones" - price often returns to fill single print gaps
Strategy 4: Multi-Session Analysis
Use Daily/Weekly for major structure context
Use 4H for intermediate levels
Use 1H for precise entry timing
Ensure all timeframes align before taking signals
Strategy 5: Fibonacci + Volume Profile
Buy signals at 61.8% or 78.6% fibonacci near VAL
Sell signals at 61.8% or 78.6% fibonacci near VAH
Use 88.6% level as final support/resistance before major moves
50% level often aligns with POC for confluence
Signal Quality Assessment
Grade A Signals (Highest Probability):
Signal at VAL/VAH with order block confluence
Fibonacci level alignment (61.8%, 78.6%)
Volume profile shows 70%+ dominance in signal direction
Multiple timeframe structure alignment
Signal occurs during high-volume sessions (London/NY)
Grade B Signals (Moderate Probability):
Signal near POC with some confluence
Fibonacci 50% or 38.2% alignment
Mixed volume profile readings (50-70% dominance)
Some timeframe alignment present
Signal during overlap sessions
Grade C Signals (Lower Probability):
Signal with minimal confluence
Weak fibonacci alignment or none
Volume profile neutral or against signal
Conflicting timeframe signals
Signal during low-volume periods
Risk Management Guidelines
Position Sizing Based on Signal Quality:
Grade A: Standard position size
Grade B: Reduced position size (50-75%)
Grade C: Minimal position size (25%) or skip entirely
Stop Loss Placement:
Beyond order block boundaries
Outside Value Area (VAL/VAH)
Below/above fibonacci confluence levels
Account for session volatility ranges
Profit Targets:
First target: Opposite VAL/VAH boundary
Second target: Next session's key levels
Final target: Major order blocks or fibonacci extensions
Credits & Attribution
Original components derived from:
Market Sessions & Volume Profile by © Leviathan (Mozilla Public License 2.0)
Volume Profile elements inspired by @LonesomeTheBlue's volume profile script
Pivot Order Blocks by TradingWolf / © MensaTrader (Mozilla Public License 2.0)
Auto Fibonacci Retracement code (public domain)
Significant enhancements and modifications include:
Advanced LVN/HVN detection and visualization
Bull/Bear percentage analysis for Mode 2/3
Comprehensive alert system with market context
Integrated buy/sell signals at key levels
Performance optimizations and extended session support
Enhanced Mode 2/3 with percentage pressure analysis
Important Disclaimers
This indicator is a technical analysis tool designed for educational purposes. It does not provide financial advice, investment recommendations, or trading signals that guarantee profits. All trading involves substantial risk of loss, and past performance does not guarantee future results. Users should conduct their own research, understand the risks involved, and consider consulting with qualified financial advisors before making trading decisions. The signals and analysis provided are based on historical price patterns and volume data, which may not predict future market movements accurately.
Best Practices
Never trade signals blindly - always consider volume profile context
Wait for confluence between multiple tools before entering
Respect the Value Area - avoid buying above VAH or selling below VAL
Use session context - Asian ranges vs London/NY breakouts
Practice proper risk management - position size based on signal quality
Understand the bigger picture - use multiple timeframes for context
Remember: Like the IDKFA cheat code, having all the tools doesn't guarantee success. The key is learning to use them together effectively and understanding when NOT to take a signal is often more important than knowing when to take one.
ATR-Multiple from 50SMAThis indicator provides a nuanced view of price extension by calculating the distance between the current price and its 50-period Simple Moving Average. This distance is not measured in simple percentage terms but is quantified in multiples of the Average True Range (ATR), offering a volatility-adjusted perspective on how far an asset has moved from its mean.
The primary goal is to help traders identify potentially overextended conditions, which can often precede price consolidation or reversals. As a general guideline, when an asset's price stretches to multiples of 7 ATRs or more above its 50-day SMA, it often enters a zone where significant profit-taking may occur. By visualizing this extension, the indicator can serve as a powerful tool for gauging when to consider taking profits on existing long positions. Furthermore, it can act as a cautionary signal, helping traders avoid initiating new long positions in assets that are already significantly stretched and may be poised for a pullback.
Features
Volatility-Adjusted Extension
Measures the distance from the 50 SMA in terms of ATR multiples, providing a more standardized way to compare extension across different assets and time periods.
Daily Timeframe Consistency
By default, the indicator uses the daily SMA and ATR for its calculations, regardless of the chart's current timeframe. This ensures a consistent and meaningful measure of extension rooted in the daily trend.
Histogram Visualization
Displays the result as a clear histogram in a separate pane, making it easy to track the extension level over time and identify historical extremes.
Dynamic Color-Coding
The histogram bars are color-coded to visually highlight different levels of extension. The colors shift as the price moves further from the mean, providing an intuitive at-a-glance reading.
Key Threshold Markers
Includes pre-set horizontal lines at the 7 and 10 ATR multiples to clearly mark the zones of potential profit-taking and extreme extension, respectively.
Built-in Alerts
Comes with configurable alert conditions that can notify you when the price reaches the "profit-taking" threshold (7 ATRs) or the "extreme extension" threshold (10 ATRs).
Customization Options
MA & ATR Periods
You can adjust the length for the Simple Moving Average (default 50) and the Average True Range (default 14) to suit your specific analytical needs.
Timeframe Source
A toggle allows you to switch between always calculating using daily data (the default and recommended setting) or using the data from the current chart's timeframe.
Color Display Style
You can choose between a smooth color gradient that transitions elegantly with the extension level or a distinct, step-based color display for a clearer visual separation of the defined zones.
Full Color Scheme Control
Every visual element is fully customizable. You can change the colors for the regular extension, the "get ready," "profit-taking," and "extreme" levels, as well as the horizontal reference lines.
Magnificent 7 OscillatorThe Magnificent 7 Oscillator is a sophisticated momentum-based technical indicator designed to analyze the collective performance of the seven largest technology companies in the U.S. stock market (Apple, Microsoft, Alphabet, Amazon, NVIDIA, Tesla, and Meta). This indicator incorporates established momentum factor research and provides three distinct analytical modes: absolute momentum tracking, equal-weighted market comparison, and relative performance analysis. The tool integrates five different oscillator methodologies and includes advanced breadth analysis capabilities.
Theoretical Foundation
Momentum Factor Research
The indicator's foundation rests on seminal momentum research in financial markets. Jegadeesh and Titman (1993) demonstrated that stocks with strong price performance over 3-12 month periods tend to continue outperforming in subsequent periods¹. This momentum effect was later incorporated into formal factor models by Carhart (1997), who extended the Fama-French three-factor model to include a momentum factor (UMD - Up Minus Down)².
The momentum calculation methodology follows the academic standard:
Momentum(t) = / P(t-n) × 100
Where P(t) is the current price and n is the lookback period.
The focus on the "Magnificent 7" stocks reflects the increasing market concentration observed in recent years. Fama and French (2015) noted that a small number of large-cap stocks can drive significant market movements due to their substantial index weights³. The combined market capitalization of these seven companies often exceeds 25% of the total S&P 500, making their collective momentum a critical market indicator.
Indicator Architecture
Core Components
1. Data Collection and Processing
The indicator employs robust data collection with error handling for missing or invalid security data. Each stock's momentum is calculated independently using the specified lookback period (default: 14 periods).
2. Composite Oscillator Calculation
Following Fama-French factor construction methodology, the indicator offers two weighting schemes:
- Equal Weight: Each active stock receives identical weighting (1/n)
- Market Cap Weight: Reserved for future enhancement
3. Oscillator Transformation Functions
The indicator provides five distinct oscillator types, each with established technical analysis foundations:
a) Momentum Oscillator (Default)
- Pure rate-of-change calculation
- Centered around zero
- Direct implementation of Jegadeesh & Titman methodology
b) RSI (Relative Strength Index)
- Wilder's (1978) relative strength methodology
- Transformed to center around zero for consistency
- Scale: -50 to +50
c) Stochastic Oscillator
- George Lane's %K methodology
- Measures current position within recent range
- Transformed to center around zero
d) Williams %R
- Larry Williams' range-based oscillator
- Inverse stochastic calculation
- Adjusted for zero-centered display
e) CCI (Commodity Channel Index)
- Donald Lambert's mean reversion indicator
- Measures deviation from moving average
- Scaled for optimal visualization
Operational Modes
Mode 1: Magnificent 7 Analysis
Tracks the collective momentum of the seven constituent stocks. This mode is optimal for:
- Technology sector analysis
- Growth stock momentum assessment
- Large-cap performance tracking
Mode 2: S&P 500 Equal Weight Comparison
Analyzes momentum using an equal-weighted S&P 500 reference (typically RSP ETF). This mode provides:
- Broader market momentum context
- Size-neutral market analysis
- Comparison baseline for relative performance
Mode 3: Relative Performance Analysis
Calculates the momentum differential between Magnificent 7 and S&P 500 Equal Weight. This mode enables:
- Sector rotation analysis
- Style factor assessment (Growth vs. Value)
- Relative strength identification
Formula: Relative Performance = MAG7_Momentum - SP500EW_Momentum
Signal Generation and Thresholds
Signal Classification
The indicator generates three signal states:
- Bullish: Oscillator > Upper Threshold (default: +2.0%)
- Bearish: Oscillator < Lower Threshold (default: -2.0%)
- Neutral: Oscillator between thresholds
Relative Performance Signals
In relative performance mode, specialized thresholds apply:
- Outperformance: Relative momentum > +1.0%
- Underperformance: Relative momentum < -1.0%
Alert System
Comprehensive alert conditions include:
- Threshold crossovers (bullish/bearish signals)
- Zero-line crosses (momentum direction changes)
- Relative performance shifts
- Breadth Analysis Component
The indicator incorporates market breadth analysis, calculating the percentage of constituent stocks with positive momentum. This feature provides insights into:
- Strong Breadth (>60%): Broad-based momentum
- Weak Breadth (<40%): Narrow momentum leadership
- Mixed Breadth (40-60%): Neutral momentum distribution
Visual Design and User Interface
Theme-Adaptive Display
The indicator automatically adjusts color schemes for dark and light chart themes, ensuring optimal visibility across different user preferences.
Professional Data Table
A comprehensive data table displays:
- Current oscillator value and percentage
- Active mode and oscillator type
- Signal status and strength
- Component breakdowns (in relative performance mode)
- Breadth percentage
- Active threshold levels
Custom Color Options
Users can override default colors with custom selections for:
- Neutral conditions (default: Material Blue)
- Bullish signals (default: Material Green)
- Bearish signals (default: Material Red)
Practical Applications
Portfolio Management
- Sector Allocation: Use relative performance mode to time technology sector exposure
- Risk Management: Monitor breadth deterioration as early warning signal
- Entry/Exit Timing: Utilize threshold crossovers for position sizing decisions
Market Analysis
- Trend Identification: Zero-line crosses indicate momentum regime changes
- Divergence Analysis: Compare MAG7 performance against broader market
- Volatility Assessment: Oscillator range and frequency provide volatility insights
Strategy Development
- Factor Timing: Implement growth factor timing strategies
- Momentum Strategies: Develop systematic momentum-based approaches
- Risk Parity: Use breadth metrics for risk-adjusted portfolio construction
Configuration Guidelines
Parameter Selection
- Momentum Period (5-100): Shorter periods (5-20) for tactical analysis, longer periods (50-100) for strategic assessment
- Smoothing Period (1-50): Higher values reduce noise but increase lag
- Thresholds: Adjust based on historical volatility and strategy requirements
Timeframe Considerations
- Daily Charts: Optimal for swing trading and medium-term analysis
- Weekly Charts: Suitable for long-term trend analysis
- Intraday Charts: Useful for short-term tactical decisions
Limitations and Considerations
Market Concentration Risk
The indicator's focus on seven stocks creates concentration risk. During periods of significant rotation away from large-cap technology stocks, the indicator may not represent broader market conditions.
Momentum Persistence
While momentum effects are well-documented, they are not permanent. Jegadeesh and Titman (1993) noted momentum reversal effects over longer time horizons (2-5 years).
Correlation Dynamics
During market stress, correlations among the constituent stocks may increase, reducing the diversification benefits and potentially amplifying signal intensity.
Performance Metrics and Backtesting
The indicator includes hidden plots for comprehensive backtesting:
- Individual stock momentum values
- Composite breadth percentage
- S&P 500 Equal Weight momentum
- Relative performance calculations
These metrics enable quantitative strategy development and historical performance analysis.
References
¹Jegadeesh, N., & Titman, S. (1993). Returns to buying winners and selling losers: Implications for stock market efficiency. Journal of Finance, 48(1), 65-91.
Carhart, M. M. (1997). On persistence in mutual fund performance. Journal of Finance, 52(1), 57-82.
Fama, E. F., & French, K. R. (2015). A five-factor asset pricing model. Journal of Financial Economics, 116(1), 1-22.
Wilder, J. W. (1978). New concepts in technical trading systems. Trend Research.
Langlands-Operadic Möbius Vortex (LOMV)Langlands-Operadic Möbius Vortex (LOMV)
Where Pure Mathematics Meets Market Reality
A Revolutionary Synthesis of Number Theory, Category Theory, and Market Dynamics
🎓 THEORETICAL FOUNDATION
The Langlands-Operadic Möbius Vortex represents a groundbreaking fusion of three profound mathematical frameworks that have never before been combined for market analysis:
The Langlands Program: Harmonic Analysis in Markets
Developed by Robert Langlands (Fields Medal recipient), the Langlands Program creates bridges between number theory, algebraic geometry, and harmonic analysis. In our indicator:
L-Function Implementation:
- Utilizes the Möbius function μ(n) for weighted price analysis
- Applies Riemann zeta function convergence principles
- Calculates quantum harmonic resonance between -2 and +2
- Measures deep mathematical patterns invisible to traditional analysis
The L-Function core calculation employs:
L_sum = Σ(return_val × μ(n) × n^(-s))
Where s is the critical strip parameter (0.5-2.5), controlling mathematical precision and signal smoothness.
Operadic Composition Theory: Multi-Strategy Democracy
Category theory and operads provide the mathematical framework for composing multiple trading strategies into a unified signal. This isn't simple averaging - it's mathematical composition using:
Strategy Composition Arity (2-5 strategies):
- Momentum analysis via RSI transformation
- Mean reversion through Bollinger Band mathematics
- Order Flow Polarity Index (revolutionary T3-smoothed volume analysis)
- Trend detection using Directional Movement
- Higher timeframe momentum confirmation
Agreement Threshold System: Democratic voting where strategies must reach consensus before signal generation. This prevents false signals during market uncertainty.
Möbius Function: Number Theory in Action
The Möbius function μ(n) forms the mathematical backbone:
- μ(n) = 1 if n is a square-free positive integer with even number of prime factors
- μ(n) = -1 if n is a square-free positive integer with odd number of prime factors
- μ(n) = 0 if n has a squared prime factor
This creates oscillating weights that reveal hidden market periodicities and harmonic structures.
🔧 COMPREHENSIVE INPUT SYSTEM
Langlands Program Parameters
Modular Level N (5-50, default 30):
Primary lookback for quantum harmonic analysis. Optimized by timeframe:
- Scalping (1-5min): 15-25
- Day Trading (15min-1H): 25-35
- Swing Trading (4H-1D): 35-50
- Asset-specific: Crypto 15-25, Stocks 30-40, Forex 35-45
L-Function Critical Strip (0.5-2.5, default 1.5):
Controls Riemann zeta convergence precision:
- Higher values: More stable, smoother signals
- Lower values: More reactive, catches quick moves
- High frequency: 0.8-1.2, Medium: 1.3-1.7, Low: 1.8-2.3
Frobenius Trace Period (5-50, default 21):
Galois representation lookback for price-volume correlation:
- Measures harmonic relationships in market flows
- Scalping: 8-15, Day Trading: 18-25, Swing: 25-40
HTF Multi-Scale Analysis:
Higher timeframe context prevents trading against major trends:
- Provides market bias and filters signals
- Improves win rates by 15-25% through trend alignment
Operadic Composition Parameters
Strategy Composition Arity (2-5, default 4):
Number of algorithms composed for final signal:
- Conservative: 4-5 strategies (higher confidence)
- Moderate: 3-4 strategies (balanced approach)
- Aggressive: 2-3 strategies (more frequent signals)
Category Agreement Threshold (2-5, default 3):
Democratic voting minimum for signal generation:
- Higher agreement: Fewer but higher quality signals
- Lower agreement: More signals, potential false positives
Swiss-Cheese Mixing (0.1-0.5, default 0.382):
Golden ratio φ⁻¹ based blending of trend factors:
- 0.382 is φ⁻¹, optimal for natural market fractals
- Higher values: Stronger trend following
- Lower values: More contrarian signals
OFPI Configuration:
- OFPI Length (5-30, default 14): Order Flow calculation period
- T3 Smoothing (3-10, default 5): Advanced exponential smoothing
- T3 Volume Factor (0.5-1.0, default 0.7): Smoothing aggressiveness control
Unified Scoring System
Component Weights (sum ≈ 1.0):
- L-Function Weight (0.1-0.5, default 0.3): Mathematical harmony emphasis
- Galois Rank Weight (0.1-0.5, default 0.2): Market structure complexity
- Operadic Weight (0.1-0.5, default 0.3): Multi-strategy consensus
- Correspondence Weight (0.1-0.5, default 0.2): Theory-practice alignment
Signal Threshold (0.5-10.0, default 5.0):
Quality filter producing:
- 8.0+: EXCEPTIONAL signals only
- 6.0-7.9: STRONG signals
- 4.0-5.9: MODERATE signals
- 2.0-3.9: WEAK signals
🎨 ADVANCED VISUAL SYSTEM
Multi-Dimensional Quantum Aura Bands
Five-layer resonance field showing market energy:
- Colors: Theme-matched gradients (Quantum purple, Holographic cyan, etc.)
- Expansion: Dynamic based on score intensity and volatility
- Function: Multi-timeframe support/resistance zones
Morphism Flow Portals
Category theory visualization showing market topology:
- Green/Cyan Portals: Bullish mathematical flow
- Red/Orange Portals: Bearish mathematical flow
- Size/Intensity: Proportional to signal strength
- Recursion Depth (1-8): Nested patterns for flow evolution
Fractal Grid System
Dynamic support/resistance with projected L-Scores:
- Multiple Timeframes: 10, 20, 30, 40, 50-period highs/lows
- Smart Spacing: Prevents level overlap using ATR-based minimum distance
- Projections: Estimated signal scores when price reaches levels
- Usage: Precise entry/exit timing with mathematical confirmation
Wick Pressure Analysis
Rejection level prediction using candle mathematics:
- Upper Wicks: Selling pressure zones (purple/red lines)
- Lower Wicks: Buying pressure zones (purple/green lines)
- Glow Intensity (1-8): Visual emphasis and line reach
- Application: Confluence with fractal grid creates high-probability zones
Regime Intensity Heatmap
Background coloring showing market energy:
- Black/Dark: Low activity, range-bound markets
- Purple Glow: Building momentum and trend development
- Bright Purple: High activity, strong directional moves
- Calculation: Combines trend, momentum, volatility, and score intensity
Six Professional Themes
- Quantum: Purple/violet for general trading and mathematical focus
- Holographic: Cyan/magenta optimized for cryptocurrency markets
- Crystalline: Blue/turquoise for conservative, stability-focused trading
- Plasma: Gold/magenta for high-energy volatility trading
- Cosmic Neon: Bright neon colors for maximum visibility and aggressive trading
📊 INSTITUTIONAL-GRADE DASHBOARD
Unified AI Score Section
- Total Score (-10 to +10): Primary decision metric
- >5: Strong bullish signals
- <-5: Strong bearish signals
- Quality ratings: EXCEPTIONAL > STRONG > MODERATE > WEAK
- Component Analysis: Individual L-Function, Galois, Operadic, and Correspondence contributions
Order Flow Analysis
Revolutionary OFPI integration:
- OFPI Value (-100% to +100%): Real buying vs selling pressure
- Visual Gauge: Horizontal bar chart showing flow intensity
- Momentum Status: SHIFTING, ACCELERATING, STRONG, MODERATE, or WEAK
- Trading Application: Flow shifts often precede major moves
Signal Performance Tracking
- Win Rate Monitoring: Real-time success percentage with emoji indicators
- Signal Count: Total signals generated for frequency analysis
- Current Position: LONG, SHORT, or NONE with P&L tracking
- Volatility Regime: HIGH, MEDIUM, or LOW classification
Market Structure Analysis
- Möbius Field Strength: Mathematical field oscillation intensity
- CHAOTIC: High complexity, use wider stops
- STRONG: Active field, normal position sizing
- MODERATE: Balanced conditions
- WEAK: Low activity, consider smaller positions
- HTF Trend: Higher timeframe bias (BULL/BEAR/NEUTRAL)
- Strategy Agreement: Multi-algorithm consensus level
Position Management
When in trades, displays:
- Entry Price: Original signal price
- Current P&L: Real-time percentage with risk level assessment
- Duration: Bars in trade for timing analysis
- Risk Level: HIGH/MEDIUM/LOW based on current exposure
🚀 SIGNAL GENERATION LOGIC
Balanced Long/Short Architecture
The indicator generates signals through multiple convergent pathways:
Long Entry Conditions:
- Score threshold breach with algorithmic agreement
- Strong bullish order flow (OFPI > 0.15) with positive composite signal
- Bullish pattern recognition with mathematical confirmation
- HTF trend alignment with momentum shifting
- Extreme bullish OFPI (>0.3) with any positive score
Short Entry Conditions:
- Score threshold breach with bearish agreement
- Strong bearish order flow (OFPI < -0.15) with negative composite signal
- Bearish pattern recognition with mathematical confirmation
- HTF trend alignment with momentum shifting
- Extreme bearish OFPI (<-0.3) with any negative score
Exit Logic:
- Score deterioration below continuation threshold
- Signal quality degradation
- Opposing order flow acceleration
- 10-bar minimum between signals prevents overtrading
⚙️ OPTIMIZATION GUIDELINES
Asset-Specific Settings
Cryptocurrency Trading:
- Modular Level: 15-25 (capture volatility)
- L-Function Precision: 0.8-1.3 (reactive to price swings)
- OFPI Length: 10-20 (fast correlation shifts)
- Cascade Levels: 5-7, Theme: Holographic
Stock Index Trading:
- Modular Level: 25-35 (balanced trending)
- L-Function Precision: 1.5-1.8 (stable patterns)
- OFPI Length: 14-20 (standard correlation)
- Cascade Levels: 4-5, Theme: Quantum
Forex Trading:
- Modular Level: 35-45 (smooth trends)
- L-Function Precision: 1.6-2.1 (high smoothing)
- OFPI Length: 18-25 (disable volume amplification)
- Cascade Levels: 3-4, Theme: Crystalline
Timeframe Optimization
Scalping (1-5 minute charts):
- Reduce all lookback parameters by 30-40%
- Increase L-Function precision for noise reduction
- Enable all visual elements for maximum information
- Use Small dashboard to save screen space
Day Trading (15 minute - 1 hour):
- Use default parameters as starting point
- Adjust based on market volatility
- Normal dashboard provides optimal information density
- Focus on OFPI momentum shifts for entries
Swing Trading (4 hour - Daily):
- Increase lookback parameters by 30-50%
- Higher L-Function precision for stability
- Large dashboard for comprehensive analysis
- Emphasize HTF trend alignment
🏆 ADVANCED TRADING STRATEGIES
The Mathematical Confluence Method
1. Wait for Fractal Grid level approach
2. Confirm with projected L-Score > threshold
3. Verify OFPI alignment with direction
4. Enter on portal signal with quality ≥ STRONG
5. Exit on score deterioration or opposing flow
The Regime Trading System
1. Monitor Aether Flow background intensity
2. Trade aggressively during bright purple periods
3. Reduce position size during dark periods
4. Use Möbius Field strength for stop placement
5. Align with HTF trend for maximum probability
The OFPI Momentum Strategy
1. Watch for momentum shifting detection
2. Confirm with accelerating flow in direction
3. Enter on immediate portal signal
4. Scale out at Fibonacci levels
5. Exit on flow deceleration or reversal
⚠️ RISK MANAGEMENT INTEGRATION
Mathematical Position Sizing
- Use Galois Rank for volatility-adjusted sizing
- Möbius Field strength determines stop width
- Fractal Dimension guides maximum exposure
- OFPI momentum affects entry timing
Signal Quality Filtering
- Trade only STRONG or EXCEPTIONAL quality signals
- Increase position size with higher agreement levels
- Reduce risk during CHAOTIC Möbius field periods
- Respect HTF trend alignment for directional bias
🔬 DEVELOPMENT JOURNEY
Creating the LOMV was an extraordinary mathematical undertaking that pushed the boundaries of what's possible in technical analysis. This indicator almost didn't happen. The theoretical complexity nearly proved insurmountable.
The Mathematical Challenge
Implementing the Langlands Program required deep research into:
- Number theory and the Möbius function
- Riemann zeta function convergence properties
- L-function analytical continuation
- Galois representations in finite fields
The mathematical literature spans decades of pure mathematics research, requiring translation from abstract theory to practical market application.
The Computational Complexity
Operadic composition theory demanded:
- Category theory implementation in Pine Script
- Multi-dimensional array management for strategy composition
- Real-time democratic voting algorithms
- Performance optimization for complex calculations
The Integration Breakthrough
Bringing together three disparate mathematical frameworks required:
- Novel approaches to signal weighting and combination
- Revolutionary Order Flow Polarity Index development
- Advanced T3 smoothing implementation
- Balanced signal generation preventing directional bias
Months of intensive research culminated in breakthrough moments when the mathematics finally aligned with market reality. The result is an indicator that reveals market structure invisible to conventional analysis while maintaining practical trading utility.
🎯 PRACTICAL IMPLEMENTATION
Getting Started
1. Apply indicator with default settings
2. Select appropriate theme for your markets
3. Observe dashboard metrics during different market conditions
4. Practice signal identification without trading
5. Gradually adjust parameters based on observations
Signal Confirmation Process
- Never trade on score alone - verify quality rating
- Confirm OFPI alignment with intended direction
- Check fractal grid level proximity for timing
- Ensure Möbius field strength supports position size
- Validate against HTF trend for bias confirmation
Performance Monitoring
- Track win rate in dashboard for strategy assessment
- Monitor component contributions for optimization
- Adjust threshold based on desired signal frequency
- Document performance across different market regimes
🌟 UNIQUE INNOVATIONS
1. First Integration of Langlands Program mathematics with practical trading
2. Revolutionary OFPI with T3 smoothing and momentum detection
3. Operadic Composition using category theory for signal democracy
4. Dynamic Fractal Grid with projected L-Score calculations
5. Multi-Dimensional Visualization through morphism flow portals
6. Regime-Adaptive Background showing market energy intensity
7. Balanced Signal Generation preventing directional bias
8. Professional Dashboard with institutional-grade metrics
📚 EDUCATIONAL VALUE
The LOMV serves as both a practical trading tool and an educational gateway to advanced mathematics. Traders gain exposure to:
- Pure mathematics applications in markets
- Category theory and operadic composition
- Number theory through Möbius function implementation
- Harmonic analysis via L-function calculations
- Advanced signal processing through T3 smoothing
⚖️ RESPONSIBLE USAGE
This indicator represents advanced mathematical research applied to market analysis. While the underlying mathematics are rigorously implemented, markets remain inherently unpredictable.
Key Principles:
- Use as part of comprehensive trading strategy
- Implement proper risk management at all times
- Backtest thoroughly before live implementation
- Understand that past performance does not guarantee future results
- Never risk more than you can afford to lose
The mathematics reveal deep market structure, but successful trading requires discipline, patience, and sound risk management beyond any indicator.
🔮 CONCLUSION
The Langlands-Operadic Möbius Vortex represents a quantum leap forward in technical analysis, bringing PhD-level pure mathematics to practical trading while maintaining visual elegance and usability.
From the harmonic analysis of the Langlands Program to the democratic composition of operadic theory, from the number-theoretic precision of the Möbius function to the revolutionary Order Flow Polarity Index, every component works in mathematical harmony to reveal the hidden order within market chaos.
This is more than an indicator - it's a mathematical lens that transforms how you see and understand market structure.
Trade with mathematical precision. Trade with the LOMV.
*"Mathematics is the language with which God has written the universe." - Galileo Galilei*
*In markets, as in nature, profound mathematical beauty underlies apparent chaos. The LOMV reveals this hidden order.*
— Dskyz, Trade with insight. Trade with anticipation.
(Mustang Algo) Stochastic RSI + Triple EMAStochastic RSI + Triple EMA (StochTEMA)
Overview
The Stochastic RSI + Triple EMA indicator combines the Stochastic RSI oscillator with a Triple Exponential Moving Average (TEMA) overlay to generate clear buy and sell signals on the price chart. By measuring RSI overbought/oversold conditions and confirming trend direction with TEMA, this tool helps traders identify high-probability entries and exits while filtering out noise in choppy markets.
Key Features
Stochastic RSI Calculation
Computes a standard RSI over a user-defined period (default 50).
Applies a Stochastic oscillator to the RSI values over a second user-defined period (default 50).
Smooths the %K line by taking an SMA over a third input (default 3), and %D is an SMA of %K over another input (default 3).
Defines oversold when both %K and %D are below 20, and overbought when both are above 80.
Triple EMA (TEMA)
Calculates three successive EMAs on the closing price with the same length (default 9).
Combines them using TEMA = 3×(EMA1 – EMA2) + EMA3, producing a fast-reacting trend line.
Bullish trend is identified when price > TEMA and TEMA is rising; bearish trend when price < TEMA and TEMA is falling; neutral/flat when TEMA change is minimal.
Signal Logic
Strong Buy: Previous bar’s Stoch RSI was oversold (both %K and %D < 20), %K crosses above %D, and TEMA is in a bullish trend.
Medium Buy: %K crosses above %D (without requiring oversold), TEMA is bullish, and previous %K < 50.
Weak Buy: Previous bar’s %K and %D were oversold, %K crosses above %D, TEMA is flat or bullish (not bearish).
Strong Sell: Previous bar’s Stoch RSI was overbought (both %K and %D > 80), %K crosses below %D, and TEMA is bearish.
Medium Sell: %K crosses below %D (without requiring overbought), TEMA is bearish, and previous %K > 50.
Weak Sell: Previous bar’s %K and %D were overbought, %K crosses below %D, TEMA is flat or bearish (not bullish).
Visual Elements on Chart
TEMA Line: Plotted in cyan (#00BCD4) with a medium-thick line for clear trend visualization.
Buy/Sell Markers:
BUY STRONG: Lime label below the candle
BUY MEDIUM: Green triangle below the candle
BUY WEAK: Semi-transparent green circle below the candle
SELL STRONG: Red label above the candle
SELL MEDIUM: Orange triangle above the candle
SELL WEAK: Semi-transparent orange circle above the candle
Candle & Background Coloring: When a strong buy or sell signal occurs, the candle body is tinted (semi-transparent lime/red) and the chart background briefly flashes light green (buy) or light red (sell).
Dynamic Support/Resistance:
On a strong buy signal, a green dot is plotted under that bar’s low as a temporary support marker.
On a strong sell signal, a red dot is plotted above that bar’s high as a temporary resistance marker.
Alerts
Strong Buy Alert: Triggered when Stoch RSI is oversold, %K crosses above %D, and TEMA is bullish.
Strong Sell Alert: Triggered when Stoch RSI is overbought, %K crosses below %D, and TEMA is bearish.
General Buy Alert: Triggered on any bullish crossover (%K > %D) when TEMA is not bearish.
General Sell Alert: Triggered on any bearish crossover (%K < %D) when TEMA is not bullish.
Inputs
Stochastic RSI Settings (group “Stochastic RSI”):
K (smoothK): Period length for smoothing the %K line (default 3, minimum 1)
D (smoothD): Period length for smoothing the %D line (default 3, minimum 1)
RSI Length (lengthRSI): Number of bars used for the RSI calculation (default 50, minimum 1)
Stochastic Length (lengthStoch): Number of bars for the Stochastic oscillator applied to RSI (default 50, minimum 1)
RSI Source (src): Price source for the RSI (default = close)
TEMA Settings (group “Triple EMA”):
TEMA Length (lengthTEMA): Number of bars used for each of the three EMAs (default 9, minimum 1)
How to Use
Add the Script
Copy and paste the indicator code into TradingView’s Pine Editor (version 6).
Save the script and add it to your chart as “Stochastic RSI + Triple EMA (StochTEMA).”
Adjust Inputs
Choose shorter lengths for lower timeframes (e.g., intraday scalping) and longer lengths for higher timeframes (e.g., swing trading).
Fine-tune the Stochastic RSI parameters (K, D, RSI Length, Stochastic Length) to suit the volatility of the instrument.
Modify TEMA Length if you prefer a faster or slower moving average response.
Interpret Signals
Primary Entries/Exits: Focus on “BUY STRONG” and “SELL STRONG” signals, as they require both oversold/overbought conditions and a confirming TEMA trend.
Confirmation Signals: Use “BUY MEDIUM”/“BUY WEAK” to confirm or add to an existing position when the market is trending. Similarly, “SELL MEDIUM”/“SELL WEAK” can be used to scale out or confirm bearish momentum.
Support/Resistance Dots: These help identify recent swing lows (green dots) and swing highs (red dots) that were tagged by strong signals—useful to place stop-loss or profit-target orders.
Set Alerts
Open the Alerts menu (bell icon) in TradingView, choose this script, and select the desired alert condition (e.g., “BUY Signal Strong”).
Configure notifications (popup, email, webhook) according to your trading workflow.
Notes & Best Practices
Filtering False Signals: By combining Stoch RSI crossovers with TEMA trend confirmation, most false breakouts during choppy price action are filtered out.
Timeframe Selection: This indicator works on all timeframes, but shorter timeframes may generate frequent signals—consider higher-timeframe confirmation when trading lower timeframes.
Risk Management: Always use proper position sizing and stop-loss placement. An “oversold” or “overbought” reading can remain extended for some time in strong trends.
Backtesting/Optimization: Before live trading, backtest different parameter combinations on historical data to find the optimal balance between sensitivity and reliability for your chosen instrument.
No Guarantee of Profits: As with any technical indicator, past performance does not guarantee future results. Use in conjunction with other forms of analysis (volume, price patterns, fundamentals).
Author: Your Name or Username
Version: 1.0 (Pine Script v6)
Published: June 2025
Feel free to customize input values and visual preferences. If you find bugs or have suggestions for improvements, open an issue or leave a comment below. Trade responsibly!
EMA Pullback System 1:5 RRR [SL]EMA Trend Pullback System (1:5 RRR)
Summary:
This indicator is designed to identify high-probability pullback opportunities along the main trend, providing trade signals that target a high 1:5 Risk/Reward Ratio. It is a trend-following strategy built for patient traders who wait for optimal setups.
Strategy Logic:
The system is based on three Exponential Moving Averages (EMAs): 21, 50, and 200.
BUY Signal:
Trend (Uptrend): The price must be above the 200 EMA.
Pullback: The price must pull back into the "Dynamic Support Zone" between the 21 EMA and 50 EMA.
Confirmation: A strong Bullish Confirmation Candle (e.g., Bullish Engulfing) must form within this zone.
SELL Signal:
Trend (Downtrend): The price must be below the 200 EMA.
Pullback: The price must rally back into the "Dynamic Resistance Zone" between the 21 EMA and 50 EMA.
Confirmation: A strong Bearish Confirmation Candle (e.g., Bearish Engulfing) must form within this zone.
Key Features:
Clearly plots the 21, 50, and 200 EMAs on the chart.
Displays BUY and SELL labels when the rules are met.
Automatically calculates and plots Stop Loss (SL) and Take Profit (TP) levels for each signal.
The Risk/Reward Ratio for the Take Profit level is customizable in the settings (Default: 1:5).
How to Use:
Best suited for higher timeframes like H1 and H4.
It is crucial to wait for the signal candle to close before considering an entry.
While this is an automated tool, for best results, combine its signals with your own analysis of Price Action and Market Structure.
Disclaimer:
This is an educational tool and not financial advice. Trading involves substantial risk. Always use proper risk management. It is essential to backtest any strategy before deploying it with real capital.
Enhanced BTC Order Block IndicatorThe script you provided is an "Enhanced BTC Order Block Indicator" written in Pine Script v5 for TradingView. It is designed to identify and visually mark Order Blocks (OBs) on a Bitcoin (BTC) price chart, specifically tailored for a high-frequency scalping strategy on the 5-minute (M5) timeframe. Order Blocks are key price zones where institutional traders are likely to have placed significant buy or sell orders, making them high-probability areas for reversals or continuations. The script incorporates customizable filters, visual indicators, and alert functionality to assist traders in executing the strategy outlined earlier.
Key Features and Functionality
Purpose:
The indicator detects bullish Order Blocks (buy zones) and bearish Order Blocks (sell zones) based on a predefined percentage price movement (default 0.5–1%) and volume confirmation.
It marks these zones on the chart with colored boxes and provides alerts when an OB is detected.
User-Configurable Inputs:
Price Move Range: minMovePercent (default 0.5%) and maxMovePercent (default 1.0%) define the acceptable price movement range for identifying OBs.
Volume Threshold: volumeThreshold (default 1.5x average volume) ensures OB detection is backed by significant trading activity.
Lookback Period: lookback (default 10 candles) determines how many previous candles are analyzed to find the last candle before a strong move.
Wick/Body Option: useWick (default false) allows users to choose whether the OB zone is based on the candle’s wick or body.
Colors: bullishOBColor (default green) and bearishOBColor (default red) set the visual appearance of OB boxes.
Box Extension: boxExtension (default 100 bars) controls how far the OB box extends to the right on the chart.
RSI Filter: useRSI (default true) enables an RSI filter, with rsiLength (default 14), rsiBullishThreshold (default 50), and rsiBearishThreshold (default 50) for trend confirmation.
M15 Support/Resistance: useSR (default true) and srLookback (default 20) integrate M15 timeframe swing highs and lows for additional OB validation.
Core Logic:
Bullish OB Detection: Identifies a strong upward move (0.5–1%) with volume above the threshold. It then looks back to the last bearish candle before the move to define the OB zone. RSI > 50 and proximity to M15 support/resistance (optional) enhance confirmation.
Bearish OB Detection: Identifies a strong downward move (0.5–1%) with volume confirmation, tracing back to the last bullish candle. RSI < 50 and M15 resistance proximity (optional) add validation.
The OB zone is drawn as a rectangle from the high to low of the identified candle, extended rightward.
Visual Output:
Boxes: Uses box.new to draw OB zones, with left set to the previous bar (bar_index ), right extended by boxExtension, top and bottom defined by the OB’s high and low prices. Each box includes a text label ("Bullish OB" or "Bearish OB") and is semi-transparent.
Colors distinguish between bullish (green) and bearish (red) OBs.
Alerts:
Global alertcondition definitions trigger notifications for "Bullish OB Detected" and "Bearish OB Detected" when the respective conditions are met, displaying the current close price in the message.
Helper Functions:
f_priceChangePercent: Calculates the percentage price change between open and close prices.
isNearSR: Checks if the price is within 0.2% of M15 swing highs or lows for support/resistance confluence.
How It Works
The script runs on each candle, evaluating the current price action against the user-defined criteria.
When a bullish or bearish move is detected (meeting the percentage, volume, RSI, and S/R conditions), it identifies the preceding candle to define the OB zone.
The OB is then visualized on the chart, and an alert is triggered if configured in TradingView.
Use Case
This indicator is tailored for your BTC scalping strategy, where trades last 1–15 minutes targeting 0.3–0.5% gains. It helps traders spot institutional order zones on the M5 chart, confirmed by secondary M1 analysis, and integrates with your use of EMAs, RSI, and volume. The customizable settings allow adaptation to varying market conditions or personal preferences.
Limitations
The M15 S/R detection is simplified (using swing highs/lows), which may not always align perfectly with manual support/resistance levels.
Alerts depend on TradingView’s alert system and require manual setup.
Performance may vary with high volatility or low-volume periods, necessitating parameter adjustments.
RTH Session Range Position (0-100) with EMAA Pine Script indicator designed to help traders understand where the current price is located within the Regular Trading Hours (RTH) session range, from 0 (session low) to 100 (session high). It also plots a smoothed EMA of this position to provide insight into momentum or trend during the RTH session.
What the Indicator Does
Defines RTH (Regular Trading Hours):
Start: 9:30 AM
End: 4:00 PM
These are typical US equity market hours.
Tracks the session's high and low during RTH:
sessionHigh and sessionLow update only during RTH.
Calculates position of the current price within the RTH range:
Formula: ((close - sessionLow) / (sessionHigh - sessionLow)) * 100
Result is a percentage:
0 = at session low
100 = at session high
50 = middle of session range
Calculates an EMA of that position (posEMA):
Smooths out the raw position to help visualize momentum within the range.
Plots and table:
Plots pos and posEMA on a separate chart pane.
Adds horizontal lines at key levels (0, 30, 50, 70, 100).
Table shows current values for Position, EMA, and Range.
Visual cues:
bgcolor highlights when pos crosses over or under the EMA — potential momentum shifts.
Alerts:
Cross above/below 50 (session midpoint).
Cross above/below EMA.
How to Use It Effectively
1. Session Strength & Momentum
Position above 70: Price is near session highs — strong upward momentum.
Position below 30: Price is near session lows — strong downward momentum.
Use the EMA of position to filter out noise and identify trends.
2. Breakout or Reversal Detection
Cross above EMA: Momentum may be turning bullish.
Cross below EMA: Momentum may be turning bearish.
These crosses (especially near mid-levels like 50) can hint at session trend shifts.
3. Range Context for Entries
If you're a mean-reversion trader, look for:
Price > 70 + turning down below EMA → possible short.
Price < 30 + turning up above EMA → possible long.
For breakout traders, you might wait for:
Crosses above 70 with EMA support.
Crosses below 30 with EMA resistance.
4. Confirmation Tool
Use this indicator alongside others to confirm:
Whether price action has strength within the day.
Whether breakouts have real momentum or are extended already.
Stochastic XThe "Stochastic X" script is a customizable momentum oscillator designed to help traders identify potential overbought and oversold conditions, as well as trend reversals, by analyzing the relationship between a security's closing price and its price range over a specified period. This indicator is particularly useful for traders looking to fine-tune their entry and exit points based on momentum shifts.
🔧 Indicator Settings and Customization
The script offers several user-configurable settings to tailor the indicator to specific trading strategies:
In addition to the source type, %K Period, %D Period, and Signal line periods you can now change moving average calculation for the stochastic and signal lines.
This script allows selection among various moving average methods (e.g., SMA, EMA, WMA, T3) for smoothing the %K and signal lines. Different methods can affect the responsiveness of the indicator.
🎨 Interpreting Background Colors
The script enhances visual analysis by changing the background color of the indicator panel based on the %K line's value:
Green Background: Indicates that the %K line is above 50, suggesting bullish momentum.
Red Background: Signifies that the %K line is below 50, pointing to bearish momentum.
Light Green Overlay: Appears when the %K line exceeds 80, highlighting overbought conditions.
Light Red Overlay: Shows up when the %K line falls below 20, indicating oversold conditions.
These visual cues assist traders in quickly assessing market momentum and potential reversal.
📈 Trading Strategies Using Stochastic X
Traders can utilize the Stochastic X indicator in various ways:
Overbought/Oversold Conditions:
A %K value above 80 may suggest that the asset is overbought, potentially signaling a price correction.
A %K value below 20 could indicate that the asset is oversold, possibly leading to a price rebound.
Signal Line Crossovers:
When the %K line crosses above the signal line, it may be interpreted as a bullish signal.
Conversely, a %K line crossing below the signal line might be seen as a bearish signal.
Divergence Analysis:
If the price makes a new high while the %K line does not, this bearish divergence could precede a price decline.
If the price hits a new low but the %K line forms a higher low, this bullish divergence might signal an upcoming price increase.
Trend Confirmation:
Sustained %K values above 50 can confirm an uptrend.
Persistent %K values below 50 may validate a downtrend.
In this chart, observe how the background colors change in response to the %K line's value, providing immediate visual feedback on market conditions. The crossovers between the %K and signal lines offer potential entry and exit points, while the overbought and oversold overlays help identify possible reversal zones.
⚙️ Adjusting Settings for Optimal Use
The Stochastic X indicator's flexibility allows traders to adjust settings to match their trading style and the specific asset's behavior:
Short-Term Trading: Use shorter periods (e.g., 5 for %K) and more responsive moving averages (e.g., WMA, VWMA, EMA, DEMA, TEMA, HMA) to capture quick market movements.
Long-Term Trading: Opt for longer periods (e.g., 14 for %K) and smoother moving averages (e.g., SMA, RMA, T3) to filter out noise and focus on broader trends.
Volatile Markets: Consider using the T3 moving average for its smoothing capabilities, helping to reduce false signals in choppy markets.
By experimenting with different settings, traders can fine-tune the indicator to better suit their analysis and improve decision-making.
