Ultimate Scalping Tool[BullByte]Overview
The Ultimate Scalping Tool is an open-source TradingView indicator built for scalpers and short-term traders released under the Mozilla Public License 2.0. It uses a custom Quantum Flux Candle (QFC) oscillator to combine multiple market forces into one visual signal. In plain terms, the script reads momentum, trend strength, volatility, and volume together and plots a special “candlestick” each bar (the QFC) that reflects the overall market bias. This unified view makes it easier to spot entries and exits: the tool labels signals as Strong Buy/Sell, Pullback (a brief retracement in a trend), Early Entry, or Exit Warning . It also provides color-coded alerts and a small dashboard of metrics. In practice, traders see green/red oscillator bars and symbols on the chart when conditions align, helping them scalp or trend-follow without reading multiple separate indicators.
Core Components
Quantum Flux Candle (QFC) Construction
The QFC is the heart of the indicator. Rather than using raw price, it creates a candlestick-like bar from the underlying oscillator values. Each QFC bar has an “open,” “high/low,” and “close” derived from calculated momentum and volatility inputs for that period . In effect, this turns the oscillator into intuitive candle patterns so traders can recognize momentum shifts visually. (For comparison, note that Heikin-Ashi candles “have a smoother look because take an average of the movement”. The QFC instead represents exact oscillator readings, so it reflects true momentum changes without hiding price action.) Colors of QFC bars change dynamically (e.g. green for bullish momentum, red for bearish) to highlight shifts. This is the first open-source QFC oscillator that dynamically weights four non-correlated indicators with moving thresholds, which makes it a unique indicator on its own.
Oscillator Normalization & Adaptive Weights
The script normalizes its oscillator to a fixed scale (for example, a 0–100 range much like the RSI) so that various inputs can be compared fairly. It then applies adaptive weighting: the relative influence of trend, momentum, volatility or volume signals is automatically adjusted based on current market conditions. For instance, in very volatile markets the script might weight volatility more heavily, or in a strong trend it might give extra weight to trend direction. Normalizing data and adjusting weights helps keep the QFC sensitive but stable (normalization ensures all inputs fit a common scale).
Trend/Momentum/Volume/Volatility Fusion
Unlike a typical single-factor oscillator, the QFC oscillator fuses four aspects at once. It may compute, for example, a trend indicator (such as an ADX or moving average slope), a momentum measure (like RSI or Rate-of-Change), a volume-based pressure (similar to MFI/OBV), and a volatility measure (like ATR) . These different values are combined into one composite oscillator. This “multi-dimensional” approach follows best practices of using non-correlated indicators (trend, momentum, volume, volatility) for confirmation. By encoding all these signals in one line, a high QFC reading means that trend, momentum, and volume are all aligned, whereas a neutral reading might mean mixed conditions. This gives traders a comprehensive picture of market strength.
Signal Classification
The script interprets the QFC oscillator to label trades. For example:
• Strong Buy/Sell : Triggered when the oscillator crosses a high-confidence threshold (e.g. breaks clearly above zero with strong slope), indicating a well-confirmed move. This is like seeing a big green/red QFC candle aligned with the trend.
• Pullbacks : Identified when the trend is up but momentum dips briefly. A Pullback Buy appears if the overall trend is bullish but the oscillator has a short retracement – a typical buying opportunity in an uptrend. (A pullback is “a brief decline or pause in a generally upward price trend”.)
• Early Buy/Sell : Marks an initial swing in the oscillator suggesting a possible new trend, before it is fully confirmed. It’s a hint of momentum building (an early-warning signal), not as strong as the confirmed “Strong” signal.
• Exit Warnings : Issued when momentum peaks or reverses. For instance, if the QFC bars reach a high and start turning red/green opposite, the indicator warns that the move may be ending. In other words, a Momentum Peak is the point of maximum strength after which weakness may follow.
These categories correspond to typical trading concepts: Pullback (temporary reversal in an uptrend), Early Buy (an initial bullish cross), Strong Buy (confirmed bullish momentum), and Momentum Peak (peak oscillator value suggesting exhaustion).
Filters (DI Reversal, Dynamic Thresholds, HTF EMA/ADX)
Extra filters help avoid bad trades. A DI Reversal filter uses the +DI/–DI lines (from the ADX system) to require that the trend direction confirms the signal . For example, it might ignore a buy signal if the +DI is still below –DI. Dynamic Thresholds adjust signal levels on-the-fly: rather than fixed “overbought” lines, they move with volatility so signals happen under appropriate market stress. An optional High-Timeframe EMA or ADX filter adds a check against a larger timeframe trend: for instance, only taking a trade if price is above the weekly EMA or if weekly ADX shows a strong trend. (Notably, the ADX is “a technical indicator used by traders to determine the strength of a price trend”, so requiring a high-timeframe ADX avoids trading against the bigger trend.)
Dashboard Metrics & Color Logic
The Dashboard in the Ultimate Scalping Tool (UST) serves as a centralized information hub, providing traders with real-time insights into market conditions, trend strength, momentum, volume pressure, and trade signals. It is highly customizable, allowing users to adjust its appearance and content based on their preferences.
1. Dashboard Layout & Customization
Short vs. Extended Mode : Users can toggle between a compact view (9 rows) and an extended view (13 rows) via the `Short Dashboard` input.
Text Size Options : The dashboard supports three text sizes— Tiny, Small, and Normal —adjustable via the `Dashboard Text Size` input.
Positioning : The dashboard is positioned in the top-right corner by default but can be moved if modified in the script.
2. Key Metrics Displayed
The dashboard presents critical trading metrics in a structured table format:
Trend (TF) : Indicates the current trend direction (Strong Bullish, Moderate Bullish, Sideways, Moderate Bearish, Strong Bearish) based on normalized trend strength (normTrend) .
Momentum (TF) : Displays momentum status (Strong Bullish/Bearish or Neutral) derived from the oscillator's position relative to dynamic thresholds.
Volume (CMF) : Shows buying/selling pressure levels (Very High Buying, High Selling, Neutral, etc.) based on the Chaikin Money Flow (CMF) indicator.
Basic & Advanced Signals:
Basic Signal : Provides simple trade signals (Strong Buy, Strong Sell, Pullback Buy, Pullback Sell, No Trade).
Advanced Signal : Offers nuanced signals (Early Buy/Sell, Momentum Peak, Weakening Momentum, etc.) with color-coded alerts.
RSI : Displays the Relative Strength Index (RSI) value, colored based on overbought (>70), oversold (<30), or neutral conditions.
HTF Filter : Indicates the higher timeframe trend status (Bullish, Bearish, Neutral) when using the Leading HTF Filter.
VWAP : Shows the V olume-Weighted Average Price and whether the current price is above (bullish) or below (bearish) it.
ADX : Displays the Average Directional Index (ADX) value, with color highlighting whether it is rising (green) or falling (red).
Market Mode : Shows the selected market type (Crypto, Stocks, Options, Forex, Custom).
Regime : Indicates volatility conditions (High, Low, Moderate) based on the **ATR ratio**.
3. Filters Status Panel
A secondary panel displays the status of active filters, helping traders quickly assess which conditions are influencing signals:
- DI Reversal Filter: On/Off (confirms reversals before generating signals).
- Dynamic Thresholds: On/Off (adjusts buy/sell thresholds based on volatility).
- Adaptive Weighting: On/Off (auto-adjusts oscillator weights for trend/momentum/volatility).
- Early Signal: On/Off (enables early momentum-based signals).
- Leading HTF Filter: On/Off (applies higher timeframe trend confirmation).
4. Visual Enhancements
Color-Coded Cells : Each metric is color-coded (green for bullish, red for bearish, gray for neutral) for quick interpretation.
Dynamic Background : The dashboard background adapts to market conditions (bullish/bearish/neutral) based on ADX and DI trends.
Customizable Reference Lines : Users can enable/disable fixed reference lines for the oscillator.
How It(QFC) Differs from Traditional Indicators
Quantum Flux Candle (QFC) Versus Heikin-Ashi
Heikin-Ashi candles smooth price by averaging (HA’s open/close use averages) so they show trend clearly but hide true price (the current HA bar’s close is not the real price). QFC candles are different: they are oscillator values, not price averages . A Heikin-Ashi chart “has a smoother look because it is essentially taking an average of the movement”, which can cause lag. The QFC instead shows the raw combined momentum each bar, allowing faster recognition of shifts. In short, HA is a smoothed price chart; QFC is a momentum-based chart.
Versus Standard Oscillators
Common oscillators like RSI or MACD use fixed formulas on price (or price+volume). For example, RSI “compares gains and losses and normalizes this value on a scale from 0 to 100”, reflecting pure price momentum. MFI is similar but adds volume. These indicators each show one dimension: momentum or volume. The Ultimate Scalping Tool’s QFC goes further by integrating trend strength and volatility too. In practice, this means a move that looks strong on RSI might be downplayed by low volume or weak trend in QFC. As one source notes, using multiple non-correlated indicators (trend, momentum, volume, volatility) provides a more complete market picture. The QFC’s multi-factor fusion is unique – it is effectively a multi-dimensional oscillator rather than a traditional single-input one.
Signal Style
Traditional oscillators often use crossovers (RSI crossing 50) or fixed zones (MACD above zero) for signals. The Ultimate Scalping Tool’s signals are custom-classified: it explicitly labels pullbacks, early entries, and strong moves. These terms go beyond a typical indicator’s generic “buy”/“sell.” In other words, it packages a strategy around the oscillator, which traders can backtest or observe without reading code.
Key Term Definitions
• Pullback : A short-term dip or consolidation in an uptrend. In this script, a Pullback Buy appears when price is generally rising but shows a brief retracement. (As defined by Investopedia, a pullback is “a brief decline or pause in a generally upward price trend”.)
• Early Buy/Sell : An initial or tentative entry signal. It means the oscillator first starts turning positive (or negative) before a full trend has developed. It’s an early indication that a trend might be starting.
• Strong Buy/Sell : A confident entry signal when multiple conditions align. This label is used when momentum is already strong and confirmed by trend/volume filters, offering a higher-probability trade.
• Momentum Peak : The point where bullish (or bearish) momentum reaches its maximum before weakening. When the oscillator value stops rising (or falling) and begins to reverse, the script flags it as a peak – signaling that the current move could be overextended.
What is the Flux MA?
The Flux MA (Moving Average) is an Exponential Moving Average (EMA) applied to a normalized oscillator, referred to as FM . Its purpose is to smooth out the fluctuations of the oscillator, providing a clearer picture of the underlying trend direction and strength. Think of it as a dynamic baseline that the oscillator moves above or below, helping you determine whether the market is trending bullish or bearish.
How it’s calculated (Flux MA):
1.The oscillator is normalized (scaled to a range, typically between 0 and 1, using a default scale factor of 100.0).
2.An EMA is applied to this normalized value (FM) over a user-defined period (default is 10 periods).
3.The result is rescaled back to the oscillator’s original range for plotting.
Why it matters : The Flux MA acts like a support or resistance level for the oscillator, making it easier to spot trend shifts.
Color of the Flux Candle
The Quantum Flux Candle visualizes the normalized oscillator (FM) as candlesticks, with colors that indicate specific market conditions based on the relationship between the FM and the Flux MA. Here’s what each color means:
• Green : The FM is above the Flux MA, signaling bullish momentum. This suggests the market is trending upward.
• Red : The FM is below the Flux MA, signaling bearish momentum. This suggests the market is trending downward.
• Yellow : Indicates strong buy conditions (e.g., a "Strong Buy" signal combined with a positive trend). This is a high-confidence signal to go long.
• Purple : Indicates strong sell conditions (e.g., a "Strong Sell" signal combined with a negative trend). This is a high-confidence signal to go short.
The candle mode shows the oscillator’s open, high, low, and close values for each period, similar to price candlesticks, but it’s the color that provides the quick visual cue for trading decisions.
How to Trade the Flux MA with Respect to the Candle
Trading with the Flux MA and Quantum Flux Candle involves using the MA as a trend indicator and the candle colors as entry and exit signals. Here’s a step-by-step guide:
1. Identify the Trend Direction
• Bullish Trend : The Flux Candle is green and positioned above the Flux MA. This indicates upward momentum.
• Bearish Trend : The Flux Candle is red and positioned below the Flux MA. This indicates downward momentum.
The Flux MA serves as the reference line—candles above it suggest buying pressure, while candles below it suggest selling pressure.
2. Interpret Candle Colors for Trade Signals
• Green Candle : General bullish momentum. Consider entering or holding a long position.
• Red Candle : General bearish momentum. Consider entering or holding a short position.
• Yellow Candle : A strong buy signal. This is an ideal time to enter a long trade.
• Purple Candle : A strong sell signal. This is an ideal time to enter a short trade.
3. Enter Trades Based on Crossovers and Colors
• Long Entry : Enter a buy position when the Flux Candle turns green and crosses above the Flux MA. If it turns yellow, this is an even stronger signal to go long.
• Short Entry : Enter a sell position when the Flux Candle turns red and crosses below the Flux MA. If it turns purple, this is an even stronger signal to go short.
4. Exit Trades
• Exit Long : Close your buy position when the Flux Candle turns red or crosses below the Flux MA, indicating the bullish trend may be reversing.
• Exit Short : Close your sell position when the Flux Candle turns green or crosses above the Flux MA, indicating the bearish trend may be reversing.
•You might also exit a long trade if the candle changes from yellow to green (weakening strong buy signal) or a short trade from purple to red (weakening strong sell signal).
5. Use Additional Confirmation
To avoid false signals, combine the Flux MA and candle signals with other indicators or dashboard metrics (e.g., trend strength, momentum, or volume pressure). For example:
•A yellow candle with a " Strong Bullish " trend and high buying volume is a robust long signal.
•A red candle with a " Moderate Bearish " trend and neutral momentum might need more confirmation before shorting.
Practical Example
Imagine you’re scalping a cryptocurrency:
• Long Trade : The Flux Candle turns yellow and is above the Flux MA, with the dashboard showing "Strong Buy" and high buying volume. You enter a long position. You exit when the candle turns red and dips below the Flux MA.
• Short Trade : The Flux Candle turns purple and crosses below the Flux MA, with a "Strong Sell" signal on the dashboard. You enter a short position. You exit when the candle turns green and crosses above the Flux MA.
Market Presets and Adaptation
This indicator is designed to work on any market with candlestick price data (stocks, crypto, forex, indices, etc.). To handle different behavior, it provides presets for major asset classes. Selecting a “Stocks,” “Crypto,” “Forex,” or “Options” preset automatically loads a set of parameter values optimized for that market . For example, a crypto preset might use a shorter lookback or higher sensitivity to account for crypto’s high volatility, while a stocks preset might use slightly longer smoothing since stocks often trend more slowly. In practice, this means the same core QFC logic applies across markets, but the thresholds and smoothing adjust so signals remain relevant for each asset type.
Usage Guidelines
• Recommended Timeframes : Optimized for 1 minute to 15 minute intraday charts. Can also be used on higher timeframes for short term swings.
• Market Types : Select “Crypto,” “Stocks,” “Forex,” or “Options” to auto tune periods, thresholds and weights. Use “Custom” to manually adjust all inputs.
• Interpreting Signals : Always confirm a signal by checking that trend, volume, and VWAP agree on the dashboard. A green “Strong Buy” arrow with green trend, green volume, and price > VWAP is highest probability.
• Adjusting Sensitivity : To reduce false signals in fast markets, enable DI Reversal Confirmation and Dynamic Thresholds. For more frequent entries in trending environments, enable Early Entry Trigger.
• Risk Management : This tool does not plot stop loss or take profit levels. Users should define their own risk parameters based on support/resistance or volatility bands.
Background Shading
To give you an at-a-glance sense of market regime without reading numbers, the indicator automatically tints the chart background in three modes—neutral, bullish and bearish—with two levels of intensity (light vs. dark):
Neutral (Gray)
When ADX is below 20 the market is considered “no trend” or too weak to trade. The background fills with a light gray (high transparency) so you know to sit on your hands.
Bullish (Green)
As soon as ADX rises above 20 and +DI exceeds –DI, the background turns a semi-transparent green, signaling an emerging uptrend. When ADX climbs above 30 (strong trend), the green becomes more opaque—reminding you that trend-following signals (Strong Buy, Pullback) carry extra weight.
Bearish (Red)
Similarly, if –DI exceeds +DI with ADX >20, you get a light red tint for a developing downtrend, and a darker, more solid red once ADX surpasses 30.
By dynamically varying both hue (green vs. red vs. gray) and opacity (light vs. dark), the background instantly communicates trend strength and direction—so you always know whether to favor breakout-style entries (in a strong trend) or stay flat during choppy, low-ADX conditions.
The setup shown in the above chart snapshot is BTCUSD 15 min chart : Binance for reference.
Disclaimer
No indicator guarantees profits. Backtest or paper trade this tool to understand its behavior in your market. Always use proper position sizing and stop loss orders.
Good luck!
- BullByte
Osciladores centrados
Momentum (80) + ATR (14)This indicator combines two key technical tools in a single panel, offering a simplified and efficient visual analysis:
🔹 Momentum: Calculated over a customizable period (default: 14), it measures the difference between the current price and the price n periods ago. Displayed as a filled area, it makes it easy to visually spot increases or decreases in market momentum.
🔸 ATR (Average True Range): Shown as a line, the ATR represents the average market volatility over a defined period (also 14 by default). It helps identify calm versus volatile market phases.
Combining these two indicators allows traders to assess both the directional strength of price movements and the market's volatility, leading to more informed decisions.
✅ Suitable for all asset types (stocks, crypto, forex, etc.)
✅ Ideal as a complement to other tools like RSI, MACD, or Bollinger Bands
✅ Categories: Momentum & Volatility
Momentum (80) + ATR (14)his indicator combines two essential technical analysis tools in a single panel for enhanced market insight:
🔹 Momentum (80 periods): Measures the difference between the current price and the price 80 bars ago. Displayed as a semi-transparent filled area, it helps to visually identify shifts in price momentum over a longer timeframe.
🔸 ATR (Average True Range, 14 periods): Shown as a fine orange line, the ATR represents average market volatility over 14 periods, highlighting phases of calm or increased price fluctuations.
By viewing both momentum and volatility simultaneously, traders can better assess trend strength and market conditions, improving decision-making across assets such as stocks, forex, and cryptocurrencies.
✅ Suitable for all asset types
✅ Complements other indicators like RSI, MACD, and Bollinger Bands
✅ Categorized under Momentum & Volatility indicators
EMA Pullback Speed Strategy 📌 **Overview**
The **EMA Pullback Speed Strategy** is a trend-following approach that combines **price momentum** and **Exponential Moving Averages (EMA)**.
It aims to identify high-probability entry points during brief pullbacks within ongoing uptrends or downtrends.
The strategy evaluates **speed of price movement**, **relative position to dynamic EMA**, and **candlestick patterns** to determine ideal timing for entries.
One of the key concepts is checking whether the price has **“not pulled back too much”**, helping focus only on situations where the trend is likely to continue.
⚠️ This strategy is designed for educational and research purposes only. It does not guarantee future profits.
🧭 **Purpose**
This strategy addresses the common issue of **"jumping in too late during trends and taking unnecessary losses."**
By waiting for a healthy pullback and confirming signs of **trend resumption**, traders can enter with greater confidence and reduce false entries.
🎯 **Strategy Objectives**
* Enter in the direction of the prevailing trend to increase win rate
* Filter out false signals using pullback depth, speed, and candlestick confirmations
* Predefine Take-Profit (TP) and Stop-Loss (SL) levels for safer, rule-based trading
✨ **Key Features**
* **Dynamic EMA**: Reacts faster when price moves quickly, slower when market is calm – adapting to current momentum
* **Pullback Filter**: Avoids trades when price pulls back too far (e.g., more than 5%), indicating a trend may be weakening
* **Speed Check**: Measures how strongly the price returns to the trend using candlestick body speed (open-to-close range in ticks)
📊 **Trading Rules**
**■ Long Entry Conditions:**
* Current price is above the dynamic EMA (indicating uptrend)
* Price has pulled back toward the EMA (a "buy the dip" situation)
* Pullback depth is within the threshold (not excessive)
* Candlesticks show consecutive bullish closes and break the previous high
* Price speed is strong (positive movement with momentum)
**■ Short Entry Conditions:**
* Current price is below the dynamic EMA (indicating downtrend)
* Price has pulled back up toward the EMA (a "sell the rally" setup)
* Pullback is within range (not too deep)
* Candlesticks show consecutive bearish closes and break the previous low
* Price speed is negative (downward momentum confirmed)
**■ Exit Conditions (TP/SL):**
* **Take-Profit (TP):** Fixed 1.5% target above/below entry price
* **Stop-Loss (SL):** Based on recent price volatility, calculated using ATR × 4
💰 **Risk Management Parameters**
* Symbol & Timeframe: BTCUSD on 1-hour chart (H1)
* Test Capital: \$3000 (simulated account)
* Commission: 0.02%
* Slippage: 2 ticks (minimal execution lag)
* Max risk per trade: 5% of account balance
* Backtest Period: Aug 30, 2023 – May 9, 2025
* Profit Factor (PF): 1.965 (Net profit ÷ Net loss, including spreads & fees)
⚙️ **Trading Parameters & Indicator Settings**
* Maximum EMA Length: 50
* Accelerator Multiplier: 3.0
* Pullback Threshold: 5.0%
* ATR Period: 14
* ATR Multiplier (SL distance): 4.0
* Fixed TP: 1.5%
* Short-term EMA: 21
* Long-term EMA: 50
* Long Speed Threshold: ≥ 1000.0 (ticks)
* Short Speed Threshold: ≤ -1000.0 (ticks)
⚠️Adjustments are based on BTCUSD.
⚠️Forex and other currency pairs require separate adjustments.
🔧 **Strategy Improvements & Uniqueness**
Unlike basic moving average crossovers or RSI triggers, this strategy emphasizes **"momentum-supported pullbacks"**.
By combining dynamic EMA, speed checks, and candlestick signals, it captures trades **as if surfing the wave of a trend.**
Its built-in filters help **avoid overextended pullbacks**, which often signal the trend is ending – making it more robust than traditional trend-following systems.
✅ **Summary**
The **EMA Pullback Speed Strategy** is easy to understand, rule-based, and highly reproducible – ideal for both beginners and intermediate traders.
Because it shows **clear visual entry/exit points** on the chart, it’s also a great tool for practicing discretionary trading decisions.
⚠️ Past performance is not a guarantee of future results.
Always respect your Stop-Loss levels and manage your position size according to your risk tolerance.
Fibo Normalized RSI & RSI RibbonPlots both standard and Z-score normalized RSI ribbons using Fibonacci-based periods. Supports adjustable normalization, optional 0–100 scaling, and multi-line visualizations for momentum and deviation analysis.
This tool is designed for traders who want to go beyond standard RSI by adding:
Statistical normalization (Z-score)
Multi-period analysis (Fibonacci structure)
Advanced divergence and exhaustion detection
It gives you both classical momentum context and mathematically rigorous deviation insight, making it ideal for:
Swing traders
Quant-inclined discretionary traders
Multi-timeframe analysts
Trend Confirmation
When both RSI and normalized RSI across short and long periods are stacked in the same direction (e.g., above 50 or with high Z-scores), the trend is likely strong.
Disagreement between the two ribbons (e.g., RSI high but normalized RSI flat) may indicate late-stage trend or false strength.
Mean Reversion Trades
Look for normalized RSI values > +2 or < -2 (i.e., ~2 standard deviations).
Cross-check with standard RSI to see if the move aligns with a traditional overbought/oversold level.
Great for fade/reversal setups when Z-score RSI is extreme but classic RSI is just beginning to turn.
Divergence Detection
Compare the slope of RSI vs. normalized RSI over same period:
If RSI is rising but normalized RSI is falling → momentum is fading despite apparent strength.
Excellent for early warnings before reversals.
Multi-Timeframe Confluence
Use short-period ribbons (e.g., 3–13) for tactical entries/exits.
Use long-period ribbons (e.g., 55–233) for macro trend bias.
Alignment across both = high-confidence zone.
Fibo MA & RSI RibbonDisplays customizable EMA and RSI ribbons using Fibonacci-based periods (3–233). Includes toggleable visibility, professional color coding, and supports 3–10 lines per ribbon for trend and momentum analysis.
MACD Differential Crossover Alerts & Arrows🔥 MACD Differential Crossover Alerts & Arrows
This lightweight yet powerful indicator tracks momentum shifts using the MACD Differential — the difference between the MACD Line and its Signal Line. When this differential crosses the zero line, it often signals the start of a new trend or an early momentum reversal.
✅ Core Logic:
MACD Line = EMA(Fast Length) − EMA(Slow Length)
Signal Line = EMA(MACD Line, Signal EMA Length)
MACD Differential = MACD Line − Signal Line
📈 Visual Cues:
White Up Arrow when the MACD Differential crosses above zero (bullish signal)
White Down Arrow when it crosses below zero (bearish signal)
Ideal for fast-paced setups on 1-min to 15-min charts
⚙️ Customizable Settings:
Setting Type Default Description
Fast EMA Length Integer 9 Sets the short-term EMA for the MACD Line
Slow EMA Length Integer 20 Sets the long-term EMA for the MACD Line
Signal EMA Length Integer 6 Smooths the MACD Line to form the Signal Line
Show Arrows Boolean true Toggles visibility of up/down arrows on chart
Enable Alerts Boolean true Enables alert conditions for crossover events
🔔 Built-in Alerts:
"MACD Diff crossed ABOVE zero" → Bullish momentum alert
"MACD Diff crossed BELOW zero" → Bearish momentum alert
MACD SignalsHere's my version of a customizable MACD with easy to set alerts and signals.
I wanted to get push notifications on specific changes on the MACD but couldn't find a version with easy to set alerts. So here's my experimental version that is still in testing.
You can turn on/off the alerts and signals. I've included a few different strategies to use the alerts:
Bullish/Bearish crossover: Trend continuation after pullback.
Bullish/Bearish crossover while over/under the 0 line: possible support and resistance bounce.
MACD crossing 0 line: Trend changing from bullish to bearish or vice versa.
*These should NOT be used and entry or exit signals. These are simply speculations to get my attention to the chart and look for other confirmations and determine a plan from there.
If you use the alerts, note that "once every minute" alerts will cause false signals since the current candle isn't closed. "Once every bar close" is better for this.
Version 1
[blackcat] L2 Angle Trend TrackerOVERVIEW
The " L2 Angle Trend Tracker" is a sophisticated technical analysis tool designed to monitor trend direction and momentum using multiple Exponential Moving Averages (EMAs) with different periods. 📈 This script calculates the angles of 5 EMAs (5, 8, 10, 12, and 15 periods) and displays them with gradient colors, providing a comprehensive view of market momentum. When all EMAs cross above or below specified threshold levels, it generates Buy or Sell signals with visual alerts. The indicator helps traders identify trend reversals, potential entry/exit points, and market sentiment shifts with precision. 🚀 This powerful tool is particularly useful for traders who want to combine multiple timeframe analysis with angle-based momentum confirmation.
FEATURES
Calculates angles for 5 EMAs with customizable periods (5, 8, 10, 12, and 15)
Displays angle values with distinct colors for each EMA (Green, Blue, Purple, Orange, and Red)
Generates Buy signals when all EMAs cross above the lower threshold
Generates Sell signals when all EMAs cross below the upper threshold
Shows a zero line and threshold lines for easy reference
Customizable threshold levels for Buy/Sell signals
Visual alerts with "Buy" and "Sell" labels at the point of signal generation
The script uses a mathematical formula to calculate the angle of each EMA relative to its position 11 bars ago
Angle values are converted from radians to degrees for easier interpretation
The zero line represents no change in the EMA angle
The indicator is not overlayed on the price chart by default, but can be adjusted in the script settings 📊
HOW TO USE
Adjust the EMA periods to match your trading strategy 🛠️
Shorter periods (5, 8) are more sensitive to price changes
Longer periods (10, 12, 15) provide smoother trend confirmation
Set appropriate threshold values for Buy/Sell signals based on your risk tolerance
Default thresholds are 70 for upper threshold and -70 for lower threshold
Consider adjusting thresholds based on market volatility
Watch for Buy signals when all EMAs cross above the lower threshold (default: -70)
The signal appears as a green "Buy" label on the chart
This indicates a potential trend reversal to the upside
Watch for Sell signals when all EMAs cross below the upper threshold (default: 70)
The signal appears as a red "Sell" label on the chart
This indicates a potential trend reversal to the downside
Combine with other indicators for confirmation before making trading decisions 🧠
Consider using volume confirmation, support/resistance levels, or other oscillators
The angle tracker works well with trend-following strategies
Use the angle values to gauge momentum strength
Steeper angles indicate stronger momentum
Flatter angles suggest weakening momentum or consolidation
CONFIGURATION
EMA Periods: The script uses five different EMA periods that can be customized:
EMA Period 5: Short-term trend indicator
EMA Period 8: Medium-short term trend indicator
EMA Period 10: Medium-term trend indicator
EMA Period 12: Medium-long term trend indicator
EMA Period 15: Long-term trend indicator
Threshold Settings:
Threshold Top: Sets the upper boundary for Sell signals (default: 70)
Threshold Bot: Sets the lower boundary for Buy signals (default: -70)
These thresholds can be adjusted based on market conditions and trading style
LIMITATIONS
The script may generate false signals in ranging markets or during periods of high volatility
All EMAs must cross the threshold for a signal to appear, which may filter some valid signals
The angle calculation uses a 11-bar lookback period, which may not be suitable for all timeframes
Works best in trending markets and may produce whipsaws in choppy conditions ⚠️
The indicator is more effective on higher timeframes (4H, 1D) than on very short timeframes (1M, 5M)
Signal generation requires confirmation from multiple EMAs, which may delay entry/exit points
The angle calculation method may not be suitable for all financial instruments
ADVANCED TIPS
Use multiple instances of this indicator with different EMA settings for multi-timeframe analysis
Combine with volume analysis to confirm the strength of signals
Look for confluence with support and resistance levels for more reliable signals
Consider using the angle values as a filter for other trading strategies
The indicator can be used to identify momentum exhaustion points when angles flatten
For swing trading, consider using the Buy and Sell signals as potential entry/exit points
For day trading, you may want to use shorter EMA periods and adjust threshold values accordingly
NOTES
The script uses a mathematical formula to calculate the angle of each EMA relative to its position 11 bars ago
The angle values are converted from radians to degrees for easier interpretation
The zero line represents no change in the EMA angle
The indicator is not overlayed on the price chart by default, but can be adjusted in the script settings 📊
The angle calculation provides a dynamic view of momentum that traditional moving averages don't offer
The threshold values are based on empirical testing and can be fine-tuned for specific instruments
THANKS
Special thanks to the TradingView community for their support and feedback on this indicator. If you find this script helpful, please consider leaving a comment or sharing your experiences with it. Your feedback helps improve the tool for everyone. 🙏
Also, a nod to the original concept developers who pioneered angle-based trend analysis. This script builds upon those foundational ideas to provide a more comprehensive view of market momentum. 🌟
PRODE-NMIt is a force impulse system that is designed to give you entries into assets that can move substantially. Works well with volatile instruments. If there is a lot of whipsaws in the instrument plot, a Moving Average on the Prode-M Line, and use it in the place of the PRODE-M Line. Use it with Super-Trend (10,4.5) or Super-trend(10,3) and Super-trend(10,1.25), on the trading time frame. Ideal trades are taken when the price first breaks above or below Super-Trend(10,1.25) and Super-trend(10,3) or Super-Trend (10,4.5) . For Bullish entries let the PRODE-M come below the Zero-Line and go back up, after price breaks above the two Super-Trends. While the Prode-M line goes down below the Zero-Line and come back up the Super-Trend (10,3) or Super-Trend (10,4.5) should not turn Red. It is not a problem if the Super-Trend (10,1.25) turns red. Take entry when Prode-M line breaks above the Zero line and both Super-Trends are green. Stop-Loss is the Super-Trend(10,1.25) initially and one break even is achieved trail with Super-Trend(10,3) or Super-Trend (10,4.5). Vice Versa for Short entries. Cheers :)
RSI 14 Cross Below RSI 28Identify points where 14 period RSI crosses below 28 period RSI on chart with understudy.
ADX + MACD Zéro-Lag NormaliséADX + Zero-Lag MACD Oscillator (MTF Trend & Cross Alerts)
✅ Detailed Description
📝 Overview
This indicator merges the ADX Trend Strength Filter with a Zero-Lag MACD to help you identify trending conditions and momentum reversals with minimal lag.
It includes:
ADX (Multi-TimeFrame) for trend strength detection.
DI+ / DI- Directional Indicator for bias confirmation.
Zero-Lag Normalized MACD for precise momentum crossovers.
⚙️ Visual Components
✅ Green/Red Background: Highlights bullish or bearish trend based on Multi-TimeFrame ADX.
✅ DI+ / DI- Lines: Green and red curves showing directional bias.
✅ Zero-Lag MACD: Violet and orange lines for fast momentum detection.
✅ Crossover Points: Colored circles marking MACD Buy and Sell crossovers.
✅ ADX Strength Dots: Small black dots when ADX exceeds the user-defined threshold.
🚨 Included Alert System
✅ MACD / Signal Crossovers (Buy / Sell).
✅ DI+ / DI- Crossovers (Buy / Sell).
✅ Trend Change Alerts via Background Color.
✅ ADX Strength Alerts (Above Threshold).
✅ Double Confirmation Alerts (DI+ or DI- combined with MACD crossover).
🛠️ Suggested Configuration Examples
1. Trend Reversal Sniping (Fast Reactions):
MACD Fast/Slow: 5 / 13
ADX MTF Period: 5 to 15
ADX Threshold: 15 to 20
2. Trend Riding (Swing or Position Trading):
MACD Fast/Slow: 12 / 26
ADX MTF Period: 30 to 50
ADX Threshold: 20 to 25
3. Scalping / Fast Intraday Moves:
MACD Fast/Slow: 3 / 7
ADX MTF Period: 5 to 10
ADX Threshold: 10 to 15
🎯 Why Use This Tool?
Detects strong trends with ADX MTF filter.
Provides momentum-based entry and exit with MACD Zero-Lag.
Multi-level confirmation with DI+ / DI- and MACD synergy.
Works on Forex, Crypto, Stocks, and Indices.
✅ Suggested Tagline
"Strong Trend Detection Meets Zero-Lag Momentum Precision."
Combo RSI + MACD + ADX MTF (Avec Alertes)✅ Recommended Title:
Multi-Signal Oscillator: ADX Trend + DI + RSI + MACD (MTF, Cross Alerts)
✅ Detailed Description
📝 Overview
This indicator combines advanced technical analysis tools to identify trend direction, capture reversals, and filter false signals.
It includes:
ADX (Multi-TimeFrame) for trend and trend strength detection.
DI+ / DI- for directional bias.
RSI + ZLSMA for oscillation analysis and divergence detection.
Zero-Lag Normalized MACD for momentum and entry timing.
⚙️ Visual Components
✅ Green/Red Background: Displays overall trend based on Multi-TimeFrame ADX.
✅ DI+ / DI- Lines: Green and red curves showing directional bias.
✅ Normalized RSI: Blue oscillator with orange ZLSMA smoothing.
✅ Zero-Lag MACD: Violet or fuchsia/orange oscillator depending on the version.
✅ Crossover Points: Colored circles marking buy and sell signals.
✅ ADX Strength Dots: Small black dots when ADX exceeds the strength threshold.
🚨 Included Alert System
✅ RSI / ZLSMA Crossovers (Buy / Sell).
✅ MACD / Signal Line Crossovers (Buy / Sell).
✅ DI+ / DI- Crossovers (Buy / Sell).
✅ Double Confirmation DI+ / RSI or DI+ / MACD.
✅ Double Confirmation DI- / RSI or DI- / MACD.
✅ Trend Change Alerts via Background Color.
✅ ADX Strength Alerts (Above Threshold).
🛠️ Suggested Configuration Examples
1. Short-Term Reversal Detection:
RSI Length: 7 to 14
ZLSMA Length: 7 to 14
MACD Fast/Slow: 5 / 13
ADX MTF Period: 5 to 15
ADX Threshold: 15 to 20
2. Long-Term Trend Following:
RSI Length: 21 to 30
ZLSMA Length: 21 to 30
MACD Fast/Slow: 12 / 26
ADX MTF Period: 30 to 50
ADX Threshold: 20 to 25
3. Scalping / Day Trading:
RSI Length: 5 to 9
ZLSMA Length: 5 to 9
MACD Fast/Slow: 3 / 7
ADX MTF Period: 5 to 10
ADX Threshold: 10 to 15
🎯 Why Use This Tool?
Filters false signals using ADX-based background coloring.
Provides multi-source alerting (RSI, MACD, ADX).
Helps identify true market strength zones.
Works on all markets: Forex, Crypto, Stocks, Indices.
RSI + MACD Cross StrategyRSI + MACD Cross Strategy (No Trailing SL)
When your trade goes into profit, the best thing to do is to move your Stop Loss to a logical point behind the most recent swing low or swing high, depending on whether you're in a Buy or Sell position. This way, if the market reverses, you’ll at least secure the profit you had up to that point.
Momentum TrackerDescription
To screen for momentum movers, one can filter for stocks that have made a noticeable move over a set period. This initial move defines the momentum or swing move. From this list of candidates, we can create a watchlist by selecting those showing a momentum pause, such as a pullback or consolidation, which later could set up for a continuation.
Momentum = Magnitude × Time
This Momentum Tracker indicator serves as a study tool to visualize when stocks historically met these momentum conditions. It marks on the chart where a stock would have appeared on the screener, allowing us to review past momentum patterns and screener requirements. The indicator measures momentum in three different ways:
Normalized Momentum
Identifies when the current price reaches a new high or low compared to a historical window. This is the most standardized measurement and adapts well across markets.
Normalized = Current Price ≥ Maximum Price in Lookback
Normalized = Current Price ≤ Minimum Price in Lookback
Relative Momentum
Measures the percentage difference between a fast and a slow moving average. This method helps capture acceleration, the rate at which momentum is building over time.
Relative = |Fast MA − Slow MA| ÷ Slow MA × 100
Absolute Momentum
Measures how far price has moved from the highest or lowest point within a defined lookback period.
Absolute = (Current Price − Lowest Price) ÷ Lowest Price × 100
Absolute = (Highest Price − Current Price) ÷ Highest Price × 100
Customization
The tool is customizable in terms of lookback period and thresholds to accommodate different trading styles and timeframes, allowing users to set criteria that align with specific hold times and momentum requirements. While the various calculations can be enabled, the tool is best used in isolation of each to visualize different momentum conditions.
Buy/Sell Ei - Premium Edition (Fixed Momentum)**📈 Buy/Sell Ei Indicator - Smart Trading System with Price Pattern Detection 📉**
**🔍 What is it?**
The **Buy/Sell Ei** indicator is a professional tool designed to identify **buy and sell signals** based on a combination of **candlestick patterns** and **moving averages**. With high accuracy, it pinpoints optimal entry and exit points in **both bullish and bearish trends**, making it suitable for forex pairs, stocks, and cryptocurrencies.
---
### **🌟 Key Features:**
✅ **Advanced Candlestick Pattern Detection**
✅ **Momentum Filter (Customizable consecutive candle count)**
✅ **Live Trade Mode (Instant signals for active trading)**
✅ **Dual MA Support (Fast & Slow MA with multiple types: SMA, EMA, WMA, VWMA)**
✅ **Date Filter (Focus on specific trading periods)**
✅ **Win/Loss Tracking (Performance analytics with success rate)**
---
### **🚀 Why Choose Buy/Sell Ei?**
✔ **Precision:** Reduces false signals with strict pattern rules.
✔ **Flexibility:** Works in both live trading and backtesting modes.
✔ **User-Friendly:** Clear labels and alerts for easy decision-making.
✔ **Adaptive:** Compatible with all timeframes (M1 to Monthly).
---
### **🛠 How It Works:**
1. **Trend Confirmation:** Uses MAs to filter trades in the trend’s direction.
2. **Pattern Recognition:** Detects "Ready to Buy/Sell" and confirmed signals.
3. **Momentum Check:** Optional filter for consecutive bullish/bearish candles.
4. **Live Alerts:** Labels appear instantly in Live Trade Mode.
---
### **📊 Ideal For:**
- **Day Traders** (Scalping & Intraday)
- **Swing Traders** (Medium-term setups)
- **Technical Analysts** (Backtesting strategies)
**🔧 Designed by Sahar Chadri | Optimized for TradingView**
**🎯 Trade Smarter, Not Harder!**
Polarity-VoVix Fusion Index (PVFI) Polarity-VoVix Fusion Index (PVFI) - Order Flow and Volatility Regime Detector
The PVFI is a next-generation indicator that fuses the Order Flow Polarity Index (OFPI) with a proprietary VoVix Volume Delta (VVD) engine. This tool is designed for traders who want to see not just how much volume is trading, but who is in control and how volatility is shifting beneath the surface.
What Makes PVFI Standout from the rest?
- Dual Engine: PVFI combines two advanced signals:
* OFPI: Measures real-time buy/sell pressure using candle body position and volume, then smooths it with a T3 moving average for clarity and responsiveness.
* VVD: Captures the "volatility of volume delta" - a normalized, memory-boosted measure of aggressive buying/selling, with a custom non-linear clamp for organic, non-pegged signals.
- Visual Clarity: Neon-glow OFPI line and shadowed, color-gradient VVD area make regime shifts and momentum instantly visible.
- Adaptive Dashboard: Toggle between a full-featured dashboard (desktop) and a compact info line (mobile) for seamless use on any device.
- Universal: Works on any asset - crypto, stocks, futures, forex - and any timeframe.
- No Chart Clutter: Clean, modern visuals and toggles for a pro look.
Inputs:
OFPI Lookback Length (ofpi_len): Sets the window for order flow pressure calculation. Shorter = more sensitive, longer = smoother. For scalping, try 5-10. For swing trading, 15-30. Crypto often benefits from shorter windows due to volatility.
OFPI T3 Smoothing Length (t3_len): Controls the smoothness of the OFPI line. Lower = more responsive, higher = smoother. Use 3-7 for fast markets, 8-15 for slow or higher timeframes.
OFPI T3 Volume Factor (t3_vf): Adjusts the T3’s sensitivity. Higher = more responsive, lower = more stable. 0.6-0.8 is typical. Raise for more “snappy” signals, lower for less noise.
VVD Delta Lookback (delta_len): Sets the window for VVD’s volume delta calculation. 10-20 for most assets. Shorter for high-volatility, longer for slow markets.
VVD Volatility Normalization Length (vol_norm_len): Normalizes VVD by recent volume. 15-30 is typical. Use higher for assets with wild volume swings.
VVD Momentum Memory (momentum_mem): Adds a “memory” boost to VVD, amplifying persistent buying/selling. 2-5 is common. Lower for choppy markets, higher for trending.
Show Dashboard (showDash): Toggles the full dashboard table (best for desktop). Turn off for a minimalist or mobile setup.
Show Compact Info Line (showInfoLabel): Toggles a single-line info label (best for mobile). Turn on for mobile or minimalist setups.
How PVFI Works:
- OFPI Calculation: Splits each candle’s volume into buy/sell pressure based on where the close is within the range. Aggregates over your chosen lookback, then smooths with a T3 moving average for a neon, lag-minimized signal.
- VVD Calculation: Measures the “aggression” of volume (body-weighted), normalizes by recent volume, and applies a memory boost for persistent trends. Uses a custom tanh clamp for a natural, non-pegged range.
- Visuals: OFPI is plotted as a neon line (with glow). VVD is a color-gradient area with a soft shadow, instantly showing regime shifts.
- Dashboard/Info Line: Desktop: Full dashboard with all key stats, color-coded and branded. Mobile: Compact info line with arrows for quick reads.
How you'll use PVFI:
- Bullish OFPI (Teal Neon, Up Arrow): Buyers are dominating. Look for breakouts, trend continuations, or confirmation with your own system.
- Bearish OFPI (Green Neon, Down Arrow): Sellers are in control. Watch for breakdowns or short setups.
- VVD Positive (Teal Area): Aggressive buying is increasing. Confirm with price action.
- VVD Negative (Purple Area): Aggressive selling is increasing. Use for risk management or short bias.
- Neutral/Flat: Market is balanced or indecisive. Consider waiting for a clear regime shift.
- Dashboard/Info Line: Use the dashboard for full context, or the info line for a quick glance on mobile.
Tips:
- For scalping, use lower lookbacks and smoothing.
- For swing trading, increase lookbacks and smoothing for stability.
- Works on all assets and timeframes - tune to your style.
Why PVFI is Unique:
- Fusion of Order Flow and Volatility: No other indicator combines body-based order flow with a volatility-of-volume delta, both visualized with modern, pro-grade graphics.
- Adaptive, Not Static: PVFI adapts to market regime, not just price movement.
- Mobile-Ready: Dashboard and info line toggles for any device.
- No Chart Clutter: Clean, color-coded, and easy to read.
For Educational Use Only
PVFI is a research and educational tool, not financial advice. Always use proper risk management and combine with your own strategy.
Trade with clarity. Trade with edge.
— Dskyz , for DAFE Trading Systems
(OFPI) Order Flow Polarity Index - Momentum Gauge (DAFE) (OFPI) Order Flow Polarity Index - Momentum Gauge: Decode Market Aggression
The (OFPI) Gauge Bar is your front-row seat to the battle between buyers and sellers. This isn’t just another indicator—it’s a momentum tracker that reveals market aggression through a sleek, centered gauge bar and a smart dashboard. Built for traders who want clarity without clutter, it’s your edge for spotting who’s driving price, bar by bar.
What Makes It Unique?
Order Flow Pressure Index (OFPI): Splits volume into buy vs. sell pressure based on candle body position. It’s not just volume—it’s intent, showing who’s got the upper hand.
T3 Smoothing Magic: Uses a Tilson T3 moving average to keep signals smooth yet responsive. No laggy SMA nonsense here.
Centered Gauge Bar: A 20-segment bar splits bullish (lime) and bearish (red) momentum around a neutral center. Empty segments scream indecision—it’s like a visual heartbeat of the market.
Momentum Shift Alerts: Catches reversals with “Momentum Shift” flags when the OFPI crests, so you’re not caught off guard.
Clean Dashboard: A compact, bottom-left table shows momentum status, the gauge bar, and the OFPI value. Color-coded, transparent, and no chart clutter.
Inputs & Customization
Lookback Length (default 10): Set the window for pressure calculations. Short for scalps, long for trends.
T3 Smoothing Length (default 5): Tune the smoothness. Tight for fast markets, relaxed for chill ones.
T3 Volume Factor (default 0.7): Crank it up for snappy signals or down for silky trends.
Toggle the dashboard for minimalist setups or mobile trading.
How to Use It
Bullish Momentum (Lime, Right-Filled): Buyers are flexing. Look for breakouts or trend continuations. Pair with support levels.
Bearish Momentum (Red, Left-Filled): Sellers are in charge. Scout for breakdowns or shorts. Check resistance zones.
Neutral (Orange, Near Center): Market’s chilling. Avoid big bets—wait for a breakout or play the range.
Momentum Shift: A reversal might be brewing. Confirm with price action before jumping in.
Not a Solo Act: Combine with your strategy—trendlines, RSI, whatever. It’s a momentum lens, not a buy/sell bot.
Why Use the OFPI Gauge?
See the Fight: Most tools just count volume. OFPI shows who’s winning with a visual that slaps.
Works Anywhere: Crypto, stocks, forex, any timeframe. Tune it to your style.
Clean & Pro: No chart spam, just a sharp gauge and a dashboard that delivers.
Unique Edge: No other indicator blends body-based pressure, T3 smoothing, and a centered gauge like this.
The OFPI Gauge catches the market’s pulse so you can trade with confidence. It’s not about predicting the future—it’s about knowing who’s in control right now.
For educational purposes only. Not financial advice. Always use proper risk management.
Use with discipline. Trade your edge.
— Dskyz , for DAFE Trading Systems
MACD of RSI [TORYS]MACD of RSI — Momentum & Divergence Scanner
Description:
This enhanced oscillator applies MACD logic directly to the Relative Strength Index (RSI) rather than price, giving traders a clearer look at internal momentum and early shifts in trend strength. Now featuring a custom histogram, dual MA types, and RSI-based divergence detection — it’s a complete toolkit for identifying exhaustion, acceleration, and hidden reversal points in real time.
How It Works:
Calculates the MACD line as the difference between a fast and slow moving average of RSI. Adds a Signal Line (MA of the MACD) and plots a Histogram to show momentum acceleration/deceleration. Both RSI MAs and the Signal Line can be toggled between EMA and SMA for custom tuning.
Divergence Detection:
Bullish Divergence : Price makes a lower low while RSI makes a higher low → labeled with a green “D” below the curve.
Bearish Divergence : Price makes a higher high while RSI makes a lower high → labeled with a red “D” above the curve.
Configurable lookback window for tuning sensitivity to pivots, with 4 as the sweet spot.
RSI Pivot Dot Signals:
Plots green dots at RSI oversold pivot lows below 30,
Plots red dots at overbought pivot highs above 70.
Helps detect short-term exhaustion or bounce zones, plotted right on the MACD-RSI curve.
RSI 50 Crosses (Optional):
Optional ▲ and ▼ labels when RSI crosses its 50 midline — useful for momentum trend shifts or pullback confirmation, or to detect consolidation.
Histogram:
Plotted as a column chart showing the distance between MACD and Signal Line.
Colored dynamically:
Bright green : Momentum rising above zero
Light green : Weakening above zero
Bright red : Momentum falling below zero
Light red : Weakening below zero
The zero line serves as the mid-point:
Above = Bullish Bias
Below = Bearish Bias
How to Interpret:
Momentum Confirmation:
Use MACD cross above Signal Line with a rising histogram to confirm breakouts or trend entries.
Histogram shrinking near zero = momentum weakening → caution or reversal.
Exhaustion & Reversals:
Dot signals near RSI extremes + histogram peak can suggest overbought/oversold pressure.
Use divergence labels ("D") to spot early reversal signals before price breaks structure.
Inputs & Settings:
RSI Length
Fast/Slow MA Lengths for MACD (applied to RSI)
Signal Line Length
MA Type: Choose between EMA and SMA for MACD and Signal Line
Pivot Sensitivity for dot markers
Divergence Logic Toggle
Show/hide RSI 50 Crosses
Best For:
Traders who want momentum insight from inside RSI, not price
Scalpers using divergence or exhaustion entries
Swing traders seeking entry confirmation from signal crossovers
Anyone using multi-timeframe confluence with RSI and trend filters
Pro Tips:
Combine this with:
Bollinger Bands breakouts and reversals
VWAP or EMAs to filter entries by trend
Volume spikes or BBW squeezes for volatility confirmation
TTM Scalper Alert to sync structure and momentum
[blackcat] L2 Z-Score of PriceOVERVIEW
The L2 Z-Score of Price indicator offers traders an insightful perspective into how current prices diverge from their historical norms through advanced statistical measures. By leveraging Z-scores, it provides a robust framework for identifying potential reversals in financial markets. The Z-score quantifies the number of standard deviations that a data point lies away from the mean, thus serving as a critical metric for recognizing overbought or oversold conditions. 🎯
Key benefits encompass:
• Precise calculation of Z-scores reflecting true price deviations.
• Interactive plotting features enhancing visual clarity.
• Real-time generation of buy/sell signals based on crossover events.
STATISTICAL ANALYSIS COMPONENTS
📉 Mean Calculation:
Utilizes Simple Moving Averages (SMAs) to establish baseline price references.
Provides smooth representations filtering short-term noise preserving long-term trends.
Fundamental for deriving subsequent deviation metrics accurately.
📈 Standard Deviation Measurement:
Quantifies dispersion around established means revealing underlying variability.
Crucial for assessing potential volatility levels dynamically adapting strategies accordingly.
Facilitates precise Z-score derivations ensuring statistical rigor.
🕵️♂️ Z-SCORE DETECTION:
Measures standardized distances indicating relative positions within distributions.
Helps pinpoint extreme conditions signaling impending reversals proactively.
Enables early identification of trend exhaustion phases prompting timely actions.
INDICATOR FUNCTIONALITY
🔢 Core Algorithms:
Integrates SMAs along with standardized deviation formulas generating precise Z-scores.
Employs Arithmetic Mean Line Algorithm (AMLA) smoothing techniques improving interpretability.
Ensures consistent adherence to predefined statistical protocols maintaining accuracy.
🖱️ User Interface Elements:
Dedicated plots displaying real-time Z-score markers facilitating swift decision-making.
Context-sensitive color coding distinguishing positive/negative deviations intuitively.
Background shading highlighting proximity to key threshold activations enhancing visibility.
STRATEGY IMPLEMENTATION
✅ Entry Conditions:
Confirm bullish/bearish setups validated through multiple confirmatory signals.
Validate entry decisions considering concurrent market sentiment factors.
Assess alignment between Z-score readings and broader trend directions ensuring coherence.
🚫 Exit Mechanisms:
Trigger exits upon hitting predetermined thresholds derived from historical analyses.
Monitor continuous breaches signifying potential trend reversals promptly executing closures.
Execute partial/total closes contingent upon cumulative loss limits preserving capital efficiently.
PARAMETER CONFIGURATIONS
🎯 Optimization Guidelines:
Length: Governs responsiveness versus smoothing trade-offs balancing sensitivity/stability.
Price Source: Dictates primary data series driving Z-score computations selecting relevant inputs accurately.
💬 Customization Recommendations:
Commence with baseline defaults; iteratively refine parameters isolating individual impacts.
Evaluate adjustments independently prior to combined modifications minimizing disruptions.
Prioritize minimizing erroneous trigger occurrences first optimizing signal fidelity.
Sustain balanced risk-reward profiles irrespective of chosen settings upholding disciplined approaches.
ADVANCED RISK MANAGEMENT
🛡️ Proactive Risk Mitigation Techniques:
Enforce strict compliance with pre-defined maximum leverage constraints adhering strictly to guidelines.
Mandatorily apply trailing stop-loss orders conforming to script outputs reinforcing discipline.
Allocate positions proportionately relative to available capital reserves managing exposures prudently.
Conduct periodic reviews gauging strategy effectiveness rigorously identifying areas needing refinement.
⚠️ Potential Pitfalls & Solutions:
Address frequent violations arising during heightened volatility phases necessitating manual interventions judiciously.
Manage false alerts warranting immediate attention avoiding adverse consequences systematically.
Prepare contingency plans mitigating margin call possibilities preparing proactive responses effectively.
Continuously assess automated system reliability amidst fluctuating conditions ensuring seamless functionality.
PERFORMANCE AUDITS & REFINEMENTS
🔍 Critical Evaluation Metrics:
Assess win percentages consistently across diverse trading instruments gauging reliability.
Calculate average profit ratios per successful execution measuring profitability efficiency accurately.
Measure peak drawdown durations alongside associated magnitudes evaluating downside risks comprehensively.
Analyze signal generation frequencies revealing hidden patterns potentially skewing outcomes uncovering systematic biases.
📈 Historical Data Analysis Tools:
Maintain comprehensive records capturing every triggered event meticulously documenting results.
Compare realized profits/losses against backtested simulations benchmarking actual vs expected performances accurately.
Identify recurrent systematic errors demanding corrective actions implementing iterative refinements steadily.
Document evolving performance metrics tracking progress dynamically addressing identified shortcomings proactively.
PROBLEM SOLVING ADVICE
🔧 Frequent Encountered Challenges:
Unpredictable behaviors emerging within thinly traded markets requiring filtration processes.
Latency issues manifesting during abrupt price fluctuations causing missed opportunities.
Overfitted models yielding suboptimal results post-extensive tuning demanding recalibrations.
Inaccuracies stemming from incomplete/inaccurate data feeds necessitating verification procedures.
💡 Effective Resolution Pathways:
Exclude low-liquidity assets prone to erratic movements enhancing signal integrity.
Introduce buffer intervals safeguarding major news/event impacts mitigating distortions effectively.
Limit ongoing optimization attempts preventing model degradation maintaining optimal performance levels consistently.
Verify reliable connections ensuring uninterrupted data flows guaranteeing accurate interpretations reliably.
USER ENGAGEMENT SEGMENT
🤝 Community Contributions Welcome
Highly encourage active participation sharing experiences & recommendations!
Gap Reversal Signal with Indicators🔍 Gap Reversal Signal with Indicators — 結合 KD、MACD、SAR 與背離分析的多功能指標
🔍 Gap Reversal Signal with Indicators — A Multi-Tool Signal Indicator Combining KD, MACD, SAR, and Divergence Analysis
中文說明：
本指標結合多種常用技術分析工具，包括 KD 隨機指標、MACD 動能交叉、SAR 趨勢方向、以及 MACD 背離偵測，用以辨識潛在的價格反轉區域。適用於日內交易與波段操作，支援各類市場，如加密貨幣、股票與外匯等。
English Description:
This indicator combines several popular technical tools: Stochastic KD, MACD momentum crossovers, SAR trend direction, and MACD divergence detection. It helps traders identify potential reversal areas and is ideal for both intraday and swing trading. Works well on crypto, stocks, and forex markets.
🧠 功能特點 | Key Features
✅ KD指標（慢速隨機指標）檢測超買超賣並提供%K與%D交叉訊號
✅ Stochastic KD (slow) to detect overbought/oversold zones and crossover signals
✅ MACD金叉/死叉與零軸突破捕捉趨勢轉變與動能反轉
✅ MACD Crossovers + Zero-Line Breaks to capture trend changes and momentum reversals
✅ SAR指標即時顯示多空方向
✅ Parabolic SAR for real-time trend direction indication
✅ MACD背離偵測協助辨識潛在反轉區域
✅ MACD Divergence Detection for identifying hidden trend reversals
✅ 圖形提示與標籤提示可視化呈現各類訊號
✅ Visual Alerts and Labels for easy and quick signal recognition
📈 支援市場 | Supported Markets
📊 台股 / 美股 / 外匯 / 加密貨幣
📊 Taiwan Stocks / US Stocks / Forex / Cryptocurrencies (e.g. BTC, ETH)
🔧 推薦用法 | Recommended Use
搭配缺口策略與支撐壓力位使用
Use with gap-trading strategies and support/resistance zones
用於盤整末期或趨勢反轉的提示
Helpful for end-of-consolidation signals or trend reversals
支援短線與波段交易風格
Suitable for scalping and swing trading styles
💡 把這個指標加入你的圖表，立即體驗多重技術分析所帶來的交易優勢！
💡 Add this indicator to your chart now and experience the power of multi-tool technical analysis!
[blackcat] L1 Rhythm OscillatorOVERVIEW 📊💡
The L1 Rhythm Oscillator is an advanced oscillator designed to identify potential entry points in financial markets using a combination of Williams %R indicators and Time-Varying Moving Averages (TVMAs). This script provides traders with clear buy and sell signals that help them capitalize on trends while minimizing risk.
FEATURES 💡🌟
Williams %R Analysis:
Base Indicator (WR0): Measures overbought/oversold conditions within a specified period.
Smoothed Indicators (WR1 & WR2): Further refined versions of WR0 to filter out noise and highlight significant trends.
Dynamic Bands:
Bull Band: Shaded area between WR0 and the bullish threshold when WR0 falls below the defined level.
Bear Band: Shaded area between WR0 and the bearish threshold when WR0 exceeds the defined level.
Trading Signals:
Buy Signal: Generated when WR1 crosses above WR2, indicating a potential upward trend reversal.
Sell Signal: Triggered when WR1 crosses below WR2, suggesting a downward trend shift.
Thresholds:
Bull Threshold (default 60%): Marks levels where the asset is considered relatively undervalued.
Bear Threshold (default 40%): Indicates regions where the asset might be overvalued.
Visual Enhancements:
Colored Bands: Clearly distinguish between bullish and bearish areas.
Horizontal Lines: Provide quick reference points for overbought/oversold levels.
Labels: Display "BUY" and "SELL" markers at key signal locations.
HOW TO USE ⚙️📈
Add the Indicator to Your Chart:
Open your preferred asset's chart on TradingView.
Click on “Indicators” and search for “ L1 Rhythm Oscillator.”
Add the indicator to your chart.
Customize Parameters:
Adjust these inputs according to your trading strategy:
WR Period: Sets the lookback window for calculating Williams %R.
Bull Threshold: Defines the upper limit for bullish territory.
Bear Threshold: Establishes the lower boundary for bearish territory.
TVMA Length: Controls the sensitivity of the moving average used in calculations.
Interpret Visual Elements:
Yellow Line (WR1): The first smoothed version of the base Williams %R.
Fuchsia Line (WR2): The second smoothed line derived from WR1 via TVMA.
Lime-Shaded Area: Represents Bull Band where prices are potentially undervalued.
Red-Shaded Area: Symbolizes Bear Band indicating possible overvaluation.
Horizontal Lines:
Value 0% represents perfect overbought condition.
Value 100% indicates extreme oversold state.
Bull/Bear thresholds provide additional context for interpreting market sentiment.
Act on Crossovers:
Look for instances where WR1 crosses through WR2:
When WR1 moves above WR2 → Potential BUY opportunity.
When WR1 dips below WR2 → Likely SELL scenario.
Consider Contextual Factors:
Combine the oscillator signals with other technical indicators like MACD, RSI, or volume analysis for more robust decision-making.
Be aware of broader market trends and news events that could impact price movements.
Manage Risk:
Always use proper stop-loss orders to protect against adverse price movements.
Consider position sizing based on available capital and risk tolerance.
LIMITATIONS ⚠️🔍
Historical Data Dependency: Like most oscillators, this tool relies on past data patterns which may not always predict future behavior accurately.
False Signals: No single indicator can guarantee correct predictions; false positives/negatives can arise during volatile periods.
Overfitting Risks: Customized settings might work well historically but fail under different market conditions without careful validation.
Complexity: Multiple layers of smoothing and crossover logic require understanding to interpret correctly.
NOTES 🔍📝
Parameter Optimization: Experiment with various combinations of WR Period, Bull/Bear Thresholds, and TVMA Length to find what works best for specific assets and timeframes.
Regular Review: Continuously monitor the performance of the indicator versus actual outcomes, adjusting parameters as needed.
Educational Resources: Deepen your knowledge about oscillator strategies, particularly focusing on how they detect reversals and momentum shifts.
Consistency Key: For successful implementation, maintain consistent rules regarding trade entries/exits regardless of short-term fluctuations.
