Indicador – Market In + TP +0.52% / SL -0.84% (USD) NEWindicator that is very comprehensive and detailed, working in real time for 1-, 2-, and 5-minute charts, marking on the chart and writing (Buy here) when it’s time to enter and (Sell here) when it’s time to exit the trade, always considering $0.02 above the entry price.
indicador no trading view de forma bem ampla e detalhada em tempo real para graficos de 1 / 2 e 5 mins apontando no grafico e escrevendo (Comprar aqui) quando for o momento de entrada e (Vender aqui) quando for o momento de sair da operação, sempre considerando 0,02 centavos acima do preço de entrada
Indicadores y estrategias
Canal de Puissance S&R + Chaleur des PrixCanal ciblant les supports et résistances combiné à la "chaleur" des prix
#chartprime
Confluence StackPlease read the instructions below. The code was mostly written using AI so may contain errors. Happy trading all and good luck. ATB Richard
INTENDED USE
This indicator is designed for technical traders who want to move beyond simple buy/sell signals and gain a deeper understanding of the underlying market dynamics. It is ideal for trend followers, swing traders, and anyone looking to confirm the quality of a trend.
WHO IS THIS FOR?
Traders who want to differentiate between strong, sustainable trends and weak, unreliable moves.
Analysts looking to identify high-conviction setups backed by multiple factors (e.g., momentum confirmed by volume).
Discretionary traders who need a quick, visual tool to gauge market sentiment and avoid choppy conditions.
WHY USE IT?
Traditional indicators often give conflicting signals. The Confluence Stack solves this by aggregating multiple perspectives into one clear visual. It helps you answer not just "Is the market going up?" but "WHY is it going up, and how strong is the conviction?". This allows for more informed decision-making and helps filter out low-probability trades.
DISCLAIMER AND LICENSE
This script is for educational purposes only and is not a recommendation to buy or sell any financial instrument. All trading and investment decisions are the sole responsibility of the user. Trading involves significant risk.
This source code is subject to the terms of the Mozilla Public License 2.0 at www.mozilla.org
HOW TO USE THIS INDICATOR
This indicator is designed to show the 'character' of a market move by grouping signals into distinct categories. Instead of seeing many individual signals, you see the strength of the underlying forces driving the price.
1. READ THE HEIGHT (Strength of Confluence)
The total height of the stack shows the strength of agreement. A tall stack means many signals are aligned, indicating a high-conviction move. A short stack means weak agreement and a choppy, indecisive market.
2. READ THE COLOR (Character of the Move)
The colors tell you WHY the market is moving.
BLUE (Momentum): A stack of mostly blue shades indicates a trend driven by pure momentum. This is the 'speed' of the market.
RSI (Relative Strength Index): Measures the magnitude of recent price gains versus losses. A smooth measure of trend strength.
Stochastic Oscillator: Measures the current closing price's position within the recent high-low range. More sensitive to immediate price action.
CCI (Commodity Channel Index): Measures the price's deviation from its moving average. Excels at identifying cyclical turns.
MACD (Moving Average Convergence Divergence): A trend-following momentum indicator showing the relationship between two moving averages. Excellent for identifying the start and end of trends.
YELLOW (Volume): The appearance of yellow shades confirms the move is supported by high market participation. This is the 'fuel' for the trend.
Volume Ratio: A custom signal that triggers when buy or sell volume is unusually high compared to its recent average.
CRV (Candle Range Volume): A custom signal that looks for candles with significant price range and volume.
OBV (On-Balance Volume): A cumulative indicator that adds volume on up days and subtracts it on down days. It shows the long-term flow of money.
FUCHSIA (Volatility): A fuchsia block signals a volatility breakout. This adds a sense of urgency and confirms the price is moving with exceptional force.
Bollinger Bands: A signal triggers when the price closes outside of the upper or lower standard deviation bands.
ORANGE (Price Action): An orange block is a pure price structure signal. It's a raw statement of intent from the market.
Price Gap: A signal that triggers when there's a gap up or gap down between candles.
3. READ THE TRANSITION (Shift in Sentiment)
The most important signal from the stacks is the flip from one side of the zero line to the other.
Flipping from Negative to Positive: A bearish stack disappears and is replaced by a bullish stack. This indicates market sentiment is shifting from bearish to bullish.
Flipping from Positive to Negative: A bullish stack disappears and is replaced by a bearish stack. This warns of a potential top or the start of a new downtrend.
4. FILTER FOR NOISE (Plot Threshold)
In choppy markets, the stack can flicker with low signal counts (e.g., +1 or -1). To focus only on high-conviction moves, go to the indicator settings and increase the "Plot Threshold". A setting of 2 or 3 will hide all stacks that don't have at least 2 or 3 agreeing signals, effectively filtering out market noise and keeping your chart clean.
5. CUSTOMIZE YOUR SIGNALS (Enable/Disable)
This indicator is fully customizable. In the settings, you can enable or disable each of the 9 indicators individually. For example, if you are a pure momentum trader, you could disable all Volume, Volatility, and Price Action signals to focus only on the blue stacks. Tailor it to fit your specific trading style.
EXAMPLE INTERPRETATIONS
Strong, Confirmed Trend: A tall stack of mostly blue (Momentum) and yellow (Volume) indicates a high-quality trend backed by both speed and market participation.
Momentum-Only Trend: A tall stack of only blue is a strong momentum move, but the lack of yellow (Volume) is a warning that the move may lack the "fuel" to be sustained.
Choppy/Indecisive Market: A short, mixed-color stack flickering around the zero line means the market is choppy with no clear conviction. It's often best to stay out.
Volatility Breakout: A new stack that appears suddenly with a fuchsia (Bollinger Bands) block on its first bar suggests a volatility-driven breakout is initiating.
Exhaustion Move: An orange (Price Gap) block appearing at the peak of a tall, long-standing stack can signal an exhaustion gap, potentially marking the end of the trend.
Weakening Conviction (Divergence): If price makes a new high but the positive stack is visibly shorter than the stack at the previous price high, it suggests underlying conviction is weakening.
Thiru TimeCyclesThiru TimeCycles Indicator: Overview and Features
Based on the provided Pine Script code (version 6), the "Thiru TimeCycles" indicator is a comprehensive, customizable tool designed for intraday traders, particularly those following Smart Money Concepts (SMC), ICT (Inner Circle Trader) methodologies, and time-based cycle analysis. It overlays session-based boxes, lines, and labels on charts to highlight key trading windows, ranges, and structural levels. The indicator is timezone-aware (default GMT-4, e.g., New York time) and focuses on killzones (high-volatility sessions), Zeussy-inspired 90-minute macro cycles, and 30-minute sub-cycles. It's optimized for timeframes below 4H, with automatic hiding on higher timeframes like 1D, 1W, 1M, or 1Y.
This indicator is ideal for forex, indices (e.g., Nasdaq futures like MNQ1!), stocks, and commodities, helping traders identify order flow, liquidity zones, and potential reversals within structured time cycles. It's built by Thiru Trades and includes educational elements like range tables and watermarks for a professional setup.
Core Purpose
Time Cycle Visualization: Breaks the trading day into repeatable cycles (e.g., 30-min, 90-min, and larger sessions) to anticipate market behavior, such as accumulation, manipulation, and distribution (AMD) phases.
Session Highlighting: Draws boxes and lines for major sessions (Asia, London, NY AM/PM, Lunch, Power Hour) to focus on high-probability "killzones."
Range and Pivot Analysis: Tracks highs/lows, midpoints, and ranges for each cycle/session, with optional alerts for breaks.
Customization Focus: Extensive inputs for colors, transparency, labels, and limits, making it adaptable for scalping, day trading, or swing setups.
Performance: Limits drawings to prevent chart clutter (e.g., max 500 boxes/lines/labels), with cutoff times to stop extensions (e.g., at 15:00).
Key Features
Here's a breakdown of the indicator's main components and functionalities, grouped by category:
Killzone Sessions (Standard Trading Windows):
Sessions Included: Asia (18:00-02:31), London (02:30-07:01), NY AM (07:00-11:31), Lunch (12:00-13:01), NY PM (11:30-16:01), Power Hour (15:00-16:01).
Visualization: Semi-transparent boxes (95% transparency default) with optional text labels (e.g., "London", "NY AM").
Pivots and Midpoints: Optional high/low pivot lines (solid style, extend until mitigated or cutoff), midpoints (dotted), and labels (e.g., "LO.H" for London High).
Alerts: Break alerts for pivots (e.g., "Broke London High").
Range Table: Optional table showing current and average ranges (over 5 sessions) for each killzone, positioned at top-right (customizable size/position).
Zeussy 90-Minute Macro Time Cycles:
Inspired By: Zeussy's time cycle theory (from X/Twitter), dividing sessions into 90-min phases starting at 02:30 NY time.
Cycles Included:
London: A (02:30-04:01, blue), M (04:00-05:31, red), D (05:30-07:01, green).
NY AM: A (07:00-08:31, blue), M (08:30-10:01, red), D (10:00-11:31, green).
NY PM/Lunch: A (11:30-13:01, blue), M (13:00-14:31, red), D (14:30-16:01, green).
Visualization: Boxes (90% transparency) with optional small labels ("London A", etc.) at the top of each box.
Extensions: High/low lines extend until broken or cutoff; optional equilibrium (EQ) levels.
Benefits: Helps identify AMD phases within larger sessions; focus on NY AM/PM for best results (Asia/London for global traders).
Zeussy 30-Minute Sub-Cycles:
Sub-Division: Further breaks 90-min cycles into 30-min segments (e.g., London A: A1 02:30-03:01, A2 03:00-03:31, A3 03:30-04:01).
All Sub-Cycles: 18 total (3 per macro cycle across London A/M/D, NY AM A/M/D, NY PM A/M/D).
Visualization: Optional boxes (90% transparency, hidden text by default) with small labels (e.g., "A1", "M1") at the bottom.
Customization: Separate show/hide toggle and label size (default "Small"); can divide further into 10-min if needed via presets.
Use Case: For finer granularity in scalping; shows order flow within macros (e.g., support at previous low after break).
Day Range Divider:
Vertical Separators: Dotted lines (custom color/width/style) at midnight (00:00) for each trading day (Mon-Fri only).
Day Labels: Monday-Friday labels (e.g., "Monday" with letter-spacing) positioned at the top of the chart (0.1% above high, updated dynamically).
Limits: Up to 5 days (customizable); hides on timeframes >=4H (1D, 1W, 1M, 1Y) to avoid clutter.
Offset: Labels above day-high by ticks (default 20); no weekend labels.
Fix Applied: Labels now consistently at top (using high * 1.001 for y-position); removed middle adjustments.
Day/Week/Month (DWM) Levels:
Opens, Highs/Lows, Separators: Lines for daily/weekly/monthly opens (dotted), previous highs/lows (solid), and vertical separators.
Unlimited Mode: Optional to show all history (otherwise limited by max_days).
Alerts: For high/low breaks (e.g., "Hit PDH").
Labels: Optional "D.O", "PWH" (previous week high), etc., with right-side extension.
Opening Prices and Vertical Timestamps:
Custom Opens: Up to 8 user-defined session opens (e.g., DC Open 18:00, 00:00, 09:30) with horizontal lines (dotted).
Vertical Lines: Up to 4 timestamps (e.g., 17:00, 08:00) with extend-both.
Unlimited: Optional to ignore drawing limits.
Range and Statistics Table:
Display: Top-right table (custom position/size) showing current range, average range (over 5 sessions), and min days stored for all enabled killzones/cycles.
Color-Coded: Rows highlight active sessions (e.g., Asia row in purple if active).
Toggle: Show/hide averages; updates on last bar.
Watermark and UI Enhancements:
Custom Watermark: Title ("ㄒ卄丨尺ㄩ"), subtitle ("PATIENCE | COURAGE | WISDOM"), symbol info (ticker + timeframe + date), positioned top-center/bottom-left.
Customization: Colors, sizes (tiny to huge), alignment (left/center/right), transparency.
Settings Groups: Organized into Settings, Killzones, Zeussy 90Min, Zeussy 30Min, Day Range Divider, Watermark, Pivots, Range, DWM, Opens, Vertical.
Performance and Limits:
Timeframe Limit: Hides drawings on >=240min (4H); Day Range hides on >=4H.
Drawing Limits: Max 1-5 days per type (boxes, lines, labels); auto-deletes old ones.
Cutoff: Optional stop at 15:00-15:01 for pivots/opens.
Alerts: Pivot breaks, high/low hits; freq once per bar.
Transparency: Separate for boxes (90-95%) and text (20-75%).
FVG TrackerThis indicator automatically detects and tracks Fair Value Gaps (FVGs) on your chart, helping you quickly spot imbalances in price action.
Key Features:
📍 Identifies FVGs larger than 3 contracts
📐 Draws each valid FVG as a rectangle directly on the chart
⏳ Removes FVGs once they are fully filled
🔟 Keeps track of only the 10 most recent FVGs for clarity
⚡ Lightweight and optimized for real-time charting
This tool is ideal for traders who use FVGs as part of Smart Money Concepts (SMC) or imbalance-based strategies. By visually highlighting only meaningful gaps and clearing them once filled, it ensures a clean and actionable charting experience.
Confluence Dashboard V3This dashboard puts everything you need in one place, trend direction, momentum, and entry/exit signals, so you can focus on executing trades with confidence instead of juggling multiple charts. Built to help you see the market clearly and move with discipline.
Snapfront Funding Stress IndexThe Funding Stress Index (FSI Lite) transforms raw funding rate data into a clear, intuitive stress gauge for crypto perpetual markets.
🔹 What it does:
Normalizes funding rates against their rolling baseline
Highlights extreme positive/negative funding as “stress zones”
Uses φ²-based coherence mapping for a sharper, sentiment-driven signal
Helps detect periods where traders are overpaying to stay long or short
🔹 How to use:
Add a Funding Rate feed (Bybit, Binance, OKX, etc.) to your chart.
Apply FSI Lite on top of it (Indicator on Indicator).
Watch stress levels as they enter:
🟢 High stress (positive funding) → longs paying shorts heavily, often overheated market.
🔴 Low stress (negative funding) → shorts paying longs, capitulation signals.
🟠 Neutral zone → balanced, less directional pressure.
🔹 Best for:
Identifying overheated long/short positioning
Timing entries around liquidation clusters
Adding funding context to your trading strategy
⚠️ Note: This is the Lite (free) version. It is educational only and not financial advice.
Simple Confluence Buy SignalMulti time frame. best time frames are higher frames for it. clean structure.
BankNifty Institutional Zone MapperBankNifty Institutional Zone Mapper is a powerful support–resistance mapping tool designed to reveal the hidden grid where institutions are most likely placing their orders.
Instead of random lines, this indicator uses dual baselines with equidistant spacing to create highly accurate zones that act as magnets for price.
🔹 Why try it?
Detect institutional reaction levels instantly.
Spot high-probability support & resistance zones without guesswork.
Works seamlessly across intraday & positional trading.
Eliminates chart clutter while keeping the levels precise & repeatable.
Whether you’re trading BankNifty options, futures, or intraday moves, these zones will help you identify where real market battles are happening.
Add it once to your chart, and you’ll immediately see why price respects these levels again and again.
Snapfront Clarity PulseThe Clarity Pulse is a lightweight Snapfront oscillator that highlights when markets move from noisy and chaotic into clean, tradable clarity zones. It combines simple return, drift, and volume dynamics, then maps them through a φ²-based sigmoid for smooth, intuitive signals.
Features:
📊 Clean 0–100 clarity scale
🌈 Color-coded line + background shading (green = high clarity, red = noise)
📈 Alert conditions when crossing into high or low clarity regimes
⚡ Minimalist design, optimized for speed and simplicity
How to Use:
✅ When the Pulse enters the high clarity zone, trends are stronger and signals are more reliable.
❌ When it drops into the low clarity zone, conditions are noisy and prone to chop.
Use as a filter alongside your existing strategy or as a quick market condition gauge.
ALCOTRADE Pro v4.5 - SFP VWAP Suite (with Light VP)Overview
This indicator is a rule-based SFP/VWAP system designed for crypto and gold futures.
It detects sweeps of local extremes (SFP) and filters them with multi-VWAP proximity (D/W/M), regime & slope, ADX, volume spikes, optional RSI, HTF trend, and an Adaptive Bollinger module. A Light Weekly/Monthly Volume Profile (custom histogram logic) adds VAL/POC/VAH context.
Outputs: basic LONG/SHORT and an ensemble “MASTER” signal when weighted confirms exceed a threshold.
What’s original here
Targeted SFP logic near anchored VWAPs (D/W/M) with dual proximity modes (% distance or ATR), optional bar-close confirmation, and cooldown.
Regime gating with Weekly VWAP slope (bps/bar) smoothed; signals only when slope meets configurable magnitude.
Adaptive MinScore: the minimum score for a signal auto-adjusts with ADX (tightens in chop, relaxes in trend).
Ensemble MASTER score combining SFP / Pullback around Weekly VWAP / Breakout context / RSI / Slope / Adaptive Bollinger (revert/break logic depending on squeeze & VWAP proximity).
Light VP (W/M): custom binned histogram per period, with on-close VAL/POC/VAH and Developing lines updated at a configurable step — no external libraries.
Preset layer (BTC/ETH/XAU × TFs) that re-maps effective parameters and weights, not just cosmetic inputs.
How it works (core logic)
SFP detection: lookback highs/lows; wick-share thresholds; close back inside range.
VWAP proximity: nearest distance to D/W/M VWAPs in percent or ATR×; can be mandatory.
Regime: price relative to Weekly VWAP + Weekly VWAP slope SMA filter; optional ADX floor.
Confirms: volume spike over SMA×K; optional RSI cross/level.
HTF filter: HTF close vs HTF MA.
Adaptive Bollinger: picks reversion near VWAP or breakout in trend/squeeze; optional %B divergences.
Scoring: base score = proximity + regime + volume + RSI + session + ADX + VP proximity (VAL/VAH) + MACD + HTF + Bollinger/Div.
Adaptive MinScore: raises in low ADX, lowers in high ADX (bounded).
MASTER: weighted sum of SFP/Pullback/Breakout/RSI/Slope/Bollinger; fires when ≥ threshold.
How to use
Add to chart → choose “Full” mode for all features, or “VWAP only” to visualize VWAPs without signals.
Presets: pick a market/timeframe preset (BTC/ETH 5m/15m/1h; XAU 1m/5m/15m/1h). Presets remap effective parameters & weights (lookback, proximity, slopes, ADX floors, Bollinger rules, etc.).
Signals:
LONG/SHORT: appear on bar close when SFP + score ≥ adaptive min.
MASTER: requires the ensemble score ≥ threshold; generally rarer but higher quality.
Sessions (optional): enable for instruments with clear sessions.
Light VP: keep a small number of recent weeks/months; use VAL/POC/VAH as context (reactions/targets).
Risk management: this is a context & timing tool; use your own execution, SL, and TP management. Backtest forward on your venue/symbol.
Recommended settings
Crypto: BTC/ETH on 5m/15m/1h with corresponding presets.
Gold: XAU on 1m–15m in liquid hours, sessions ON.
Keep draw/update window at ~400–600 bars for performance.
Limitations & notes
Signals depend on exchange data and TF; different feeds may vary.
The Light VP is a simplified histogram per period; it is not a tick-level profile.
No guarantees; not financial advice.
Charting guidelines
Screenshots in this publication use a clean chart with only this indicator enabled so outputs are clearly identifiable.
Tags
SFP, VWAP, Volume Profile, Bollinger, ADX, RSI, MACD, HTF, Crypto, XAU, Futures
Live price distance from low of the dayThis simple indicator state the distance of the actual price from the low of the day - Simple tool to help position sizing :)
Snapfront WCTφ Coherence BandsSnapfront Coherence Bands — WCTφ (v6)
The Snapfront Coherence Bands (SCB) extend classic ATR-style bands with a coherence-driven engine. Instead of simple volatility envelopes, SCB adapt dynamically to market entropy, trend stability, and regime detection.
Core Features:
📊 WCTφ (Weighted Coherence Tracking) to measure entropy & disorder
🔍 Adaptive band width scaling with chaos factor (ATR × coherence)
🎯 Regime coloring:
Trend (lime)
Breakout (aqua)
Mean reversion (yellow)
Exhaustion (orange)
⚡ Squeeze detector with percentile-based compression zones
🟢/🔴 Entry/exit arrows on crossovers (optional)
Use Cases:
Spot high-clarity trend moves vs. noisy ranges
Anticipate volatility squeezes & breakout setups
Filter trades by regime classification
Visualize price stability with adaptive banding
⚠️ Invite-Only Access:
Available exclusively via SnapfrontTech. Subscription required.
Market Clarity Index (MCI) — ProThe MCI Pro++ expands on the Lite version with deeper controls, higher-timeframe blending, slope analysis, and clarity ranking. It captures the balance between trend coherence vs. noise using entropy, drift, and volume dynamics mapped through a φ²-based sigmoid.
Key Features:
Fully adjustable weights (drift, volume shocks, entropy)
Higher-timeframe blending with adjustable weighting
Clarity slope + histogram for momentum tracking
Range rank (0–100) to spot relative extremes
Bull/Bear markers + HTF alignment markers
Optional status table with live clarity state
Trading Logic:
✅ High-clarity regime when MCI > high threshold
❌ Low-clarity regime when MCI < low threshold
Neutral otherwise; use slope, HTF alignment, and range rank as context filters.
⚠️ Invite-Only Access:
This Pro version is available by subscription through SnapfrontTech.
SCI - Snapfront Coherence IndicatorThe SMCI is an advanced, invite-only indicator designed to measure market coherence, volatility regimes, and trend stability. It combines entropy-based features, φ-cycle phase drivers, and custom exposure scaling into a single probabilistic framework.
Core outputs:
📈 I_hat (probability of upward drift) — coherence-weighted probability score.
📊 Exposure (scaled proxy) — dynamic sizing aligned with volatility and drawdown control.
💰 Equity curve (proxy) — running performance simulation.
🔎 WCTφ + dWCTφ — entropy-based coherence metrics.
⚠️ Regime detection — classifies conditions as Trend / Chop / Panic.
Signal Logic:
✅ Long bias when I_hat crosses above 0.5.
❌ Short bias when I_hat crosses below 0.5.
HUD overlay shows live coherence stats, exposure, and regime classification.
⚠️ Invite-Only Notice:
This script is restricted to approved users. Access requires subscription from Snapfront Technologies.
snapjames.gumroad.com
📌 Disclaimer:
For educational use only. This is not financial advice and should not be considered a trading recommendation.
No Wick Candle HighlighterHighlights current timeframe bullish candles without a wick low or bearish candles without a wick high.
StarterPack MAs🚀 Starter Moving Averages Indicator
This indicator was built by combining all the moving averages I personally use in my trading, organized in a clear and visual way to make market reading much easier. Instead of jumping between multiple tools, you now have everything in one place – designed to highlight trend direction, potential reversal areas, and dynamic zones of support and resistance.
📊 With this tool, you will be able to:
Quickly identify whether moving averages are aligned or diverging.
Spot moments of strong trending movement and possible shifts in momentum.
Use it as a filter for cleaner trade entries, reducing noise.
Track areas that often act as price “magnets” during intraday sessions.
💡 The idea is not to give you a rigid “buy/sell” signal, but to provide a market reading framework that adapts to different trading styles – whether you’re riding trends or looking for reversals at key levels. It brings structure, clarity, and consistency to the way you analyze your charts.
🔥 At the end of the day, this indicator is about perspective: making your screen cleaner, your decision-making faster, and your execution more confident. It’s not a magic button – it’s a powerful lens to help you see what really matters in the market.
Snapfront Market Clarity Index (MCI) — LiteMarket Clarity Index (MCI) — Lite + Signals
The Market Clarity Index (MCI) measures trend clarity vs. noise using returns, drift, and volume shock dynamics. Values are normalized through a φ²-based sigmoid for smooth, interpretable signals.
Features:
Clear 0–100 scale (Lite version)
Heatmap background for clarity regimes
Bull/Bear signal arrows with EMA filter
High/Low threshold lines for easy context
Trading Logic:
✅ Bull signal when MCI crosses into the high zone with price above EMA
❌ Bear signal when MCI crosses into the low zone with price below EMA
Use MCI as a trend filter, entry trigger, or market condition gauge across any timeframe or asset.
HEIKIN ASHI - MyOkaneAquiDemonstrates hekin ashi to smooth the chart, removing market noise and showing trend line.
Varma Fractal TEMA + Strong Move Candle DetectorIts a combined Indicator built on the concepts of Fractals, EMAs, RSI, ATR and Awesome Oscillators. A fractal is a small, repeating price pattern composed of five price bars or candlesticks that helps identify potential turning points in a market trend. It acts as a technical indicator to highlight support and resistance levels, signifying potential reversals. Specifically, a bullish fractal has the middle bar as the lowest low (a "V" shape), signaling a possible uptrend reversal, while a bearish fractal has the middle bar as the highest high (an inverted "V"), indicating a potential downtrend reversal. EMA tracks an asset's price over a specific period by placing greater weight on recent data points, making it more responsive to current market changes than a Simple Moving Average (SMA). Traders use EMAs to identify bullish and bearish trends, spot potential entry and exit points, and capture market momentum and price shifts quickly, especially in shorter time frames. RSI (Relative Strength Index) is a momentum oscillator used in trading to measure the speed and change of price movements, indicating whether a security is overbought (likely to fall) or oversold (likely to rise). Developed by J. Welles Wilder Jr., the RSI oscillates between 0 and 100, with values above 70 generally signaling an overbought condition and values below 30 indicating an oversold condition. Traders use these signals to identify potential trend reversals and time their entry and exit points more effectively.
VXN Range FilterThis indicator is based on other open source scripts. It's designed for Nasdaq futures (NQ and MNQ), combining a range filter with CBOE VXN Index (Nasdaq-100 volatility) signals to identify buy and sell opportunities.
It overlays on the price chart, using a smoothed price filter to reduce noise and dynamic bands for target zones. The VXN's EMA and SMA determine bullish (EMA < SMA, green background)
or bearish (EMA > SMA, red background) market conditions to confirm signals. Buy/sell signals are generated when the price breaks out of the filter in the trend direction, confirmed by the VXN state and a change in prior condition to avoid redundant signals.
The indicator is suitable for swing or trend-following strategies, with adjustable parameters
for customization. Visuals include colored bars (white: bullish, blue: bearish, light blue: neutral), target bands, and labeled signals. Alerts are provided for buy, sell, or both.
