QuantumTrend SwiftEdgeQuantumTrend SwiftEdge - A Trend-Following Indicator for TradingView
Overview:
QuantumTrend SwiftEdge is a visually engaging and customizable trend-following indicator that combines the power of Supertrend, Keltner Channels, and a 100-period EMA to generate precise buy and sell signals. Designed to help traders identify trends and breakouts, this indicator offers a unique blend of technical tools with a modern gradient color effect, making it both functional and visually appealing.
What It Does:
This indicator identifies trend directions and potential entry/exit points:
- Supertrend determines the overall trend direction, showing a green line below the price during uptrends and a red line above the price during downtrends. The line only appears when the price is close to it, indicating an active trend.
- Keltner Channels highlight volatility and breakouts, with the upper and lower bands dynamically adjusting to market conditions.
- A 100-period EMA provides a longer-term trend perspective, helping to filter out noise.
- Buy and sell signals are generated when specific conditions align across these indicators, ensuring robust trade setups.
How It Works:
The indicator uses three components to generate signals:
1. **Supertrend**: Calculates trend direction using the Average True Range (ATR) and a multiplier. It switches between uptrend (green) and downtrend (red) based on price movements relative to the Supertrend line.
2. **Keltner Channels**: Consists of an EMA (default 20 periods) with upper and lower bands based on ATR. A breakout above the upper band signals potential buying opportunities, while a breakout below the lower band signals potential selling opportunities.
3. **100-period EMA**: Acts as a trend filter, ensuring signals align with the broader market direction.
**Buy Signal**:
- Price is above the 100-period EMA (bullish market).
- Price breaks above the Keltner Channel upper band (indicating a breakout).
- Supertrend switches to an uptrend (trend changes from down to up).
**Sell Signal**:
- Price is below the 100-period EMA (bearish market).
- Price breaks below the Keltner Channel lower band (indicating a breakout).
- Supertrend switches to a downtrend (trend changes from up to down).
Visual Features:
- **Gradient Colors**: Supertrend lines and Keltner Channels use a smooth gradient color transition between green (uptrend) and red (downtrend), reflecting the trend's strength. The gradient is based on a smoothed trend value, creating a visually appealing effect.
- **Keltner Channel Fill**: The area between the upper and lower Keltner Channels is filled with a transparent gradient, enhancing the trend visualization.
- **Dynamic Supertrend Visibility**: Supertrend lines only appear when the price is close to the line (within an ATR-based threshold), indicating an active trend.
How to Use:
1. Add the "QuantumTrend SwiftEdge" indicator to your chart in TradingView.
2. Customize the settings:
- **Signal Sensitivity (1=Low, 5=High)**: Default is 3. Lower values (e.g., 1) make signals less frequent by using wider parameters, while higher values (e.g., 5) make signals more frequent by tightening parameters.
- **Use Manual Settings**: If enabled, you can manually adjust all parameters (ATR Period, ATR Multiplier, Keltner Channel Length, Keltner Channel Multiplier, Keltner ATR Length, EMA Length) to fine-tune the indicator.
- **Change ATR Calculation Method**: Toggle between standard ATR calculation and a simple moving average of true range.
- **Show Buy/Sell Signals**: Toggle to show or hide buy (green "Buy" label) and sell (red "Sell" label) signals.
- **Highlighter On/Off**: Toggle to show or hide the gradient fill between the price and Supertrend line when the line is visible.
3. Interpret the signals:
- A green "Buy" label below the price indicates a potential buying opportunity.
- A red "Sell" label above the price indicates a potential selling opportunity.
- Use the Keltner Channel gradient fill and Supertrend lines to confirm the trend direction and strength.
Why This Combination?
- **Supertrend** provides a robust trend-following mechanism, ensuring signals align with the market direction.
- **Keltner Channels** add a volatility component, identifying breakouts that often precede significant price movements.
- **100-period EMA** filters out noise, ensuring signals are generated in the context of the broader trend.
Together, these indicators create a balanced approach: Supertrend and EMA confirm the trend, while Keltner Channels pinpoint actionable entry and exit points. The gradient visuals and dynamic visibility make it easier to focus on active trends.
Originality:
QuantumTrend SwiftEdge stands out with its unique features:
- Gradient color transitions for a modern, dynamic look.
- A filled gradient between Keltner Channels, visually emphasizing the trend.
- Supertrend lines that only appear when the price is close, reducing clutter and focusing on active trends.
- Flexible settings with both sensitivity-based and manual adjustments for maximum customization.
Default Settings:
The default sensitivity is set to 3, providing a balanced approach for most markets and timeframes (e.g., 5-minute charts for crypto like BTC/USD). This setting uses moderate parameters (ATR Period=10, ATR Multiplier=3.0, Keltner Channel Length=20, Keltner Channel Multiplier=1.5, Keltner ATR Length=10, EMA Length=100). Users can adjust the sensitivity or switch to manual settings for more control.
Important Notes:
- This indicator is a tool to assist in identifying trends and potential entry/exit points. It does not guarantee profits and should be used in conjunction with other analysis and risk management practices.
- The signals are based on historical price data and do not predict future performance. Always test the indicator on a demo account before using it in live trading.
- The gradient effect is purely visual and does not affect the signal logic.
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Stock vs SPY % ChangeStock vs SPY % Change Indicator
This Pine Script indicator helps you compare a stock's price performance to the S&P 500 (using SPY ETF) over a user-defined period. It calculates the percentage price change of the stock and SPY, then displays the difference as a relative performance metric. A positive value (plotted in green) indicates the stock is outperforming SPY (e.g., dropping only 3% while SPY drops 10%), while a negative value (plotted in red) shows underperformance.
Features:
Adjustable lookback period (default: 20 days) to analyze recent performance.
Visual plot with green/red coloring for quick interpretation.
Zero line to clearly separate outperformance from underperformance.
How to Use:
Apply the indicator to your stock's chart.
Set the "Lookback Period" in the settings (e.g., 20 for ~1 month).
Check the plot:
Green (above 0) = Stock's % change is better than SPY's.
Red (below 0) = Stock's % change is worse than SPY's.
Use on daily or weekly charts for best results.
Ideal for identifying stocks that hold up better during market downturns or outperform in uptrends. Perfect for relative strength analysis and to spot accumulation.
EMA/SMA Combo + ADR (v6)This script combines popular moving averages with a clean, info-rich ADR table – perfect for traders who trade breakouts.
✳️ Features:
• 🟦 EMA 10 / 20 / 50 / 100 / 200 → shown as dotted points
• 🔷 SMA 10 / 20 / 50 / 100 / 200 → shown as solid lines
• 🎛️ All lines can be individually toggled on/off
• 📊 ADR info table shows average range, today’s range & % of ADR
🎯 Ideal for:
• Intraday traders looking for clean MAs & volatility reference
• Swing traders seeking strong confluence zones
• Anyone who prefers a minimalistic, customizable overlay
🧠 Pro Tip: The ADR table is styled for light charts – black text, no background. You can customize the MA display exactly as you like.
Trade smart, stay sharp! 🚀
Multiple (12) Strong Buy/Sell Signals + Momentum
Indicator Manual: "Multiple (12) Strong Buy/Sell Signals + Momentum"
This indicator is designed to identify strong buy and sell signals based on 12 configurable conditions, which include a variety of technical analysis methods such as trend-following indicators, pattern recognition, volume analysis, and momentum oscillators. It allows for customizable alerts and visual cues on the chart. The indicator helps traders spot potential entry and exit points by displaying buy and sell signals based on the selected conditions.
Key Observations:
• The script integrates multiple indicators and pattern recognition methods to provide comprehensive buy/sell signals.
• Trend-based indicators like EMAs and MACD are combined with pattern recognition (flags, triangles) and momentum-based signals (RSI, ADX, and volume analysis).
• User customization is a core feature, allowing adjustments to the conditions and thresholds for more tailored signals.
• The script is designed to be responsive to market conditions, with multiple conditions filtering out noise to generate reliable signals.
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Key Features:
1. 12 Combined Buy/Sell Signal Conditions: This indicator incorporates a diverse set of conditions based on trend analysis, momentum, and price patterns.
2. Minimum Conditions Input: You can adjust the threshold of conditions that need to be met for the buy/sell signals to appear.
3. Alert Customization: Set alert thresholds for both buy and sell signals.
4. Dynamic Visualization: Buy and sell signals are shown as triangles on the chart, with momentum signals highlighted as circles.
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Detailed Description of the 12 Conditions:
1. Exponential Moving Averages (EMA):
o Conditions: The indicator uses EMAs with periods 3, 8, and 13 for quick trend-following signals.
o Bullish Signal: EMA3 > EMA8 > EMA13 (Bullish stack).
o Bearish Signal: EMA3 < EMA8 < EMA13 (Bearish stack).
o Reversal Signal: The crossing over or under of these EMAs can signify trend reversals.
2. MACD (Moving Average Convergence Divergence):
o Fast MACD (2, 7, 3) is used to confirm trends quickly.
o Bullish Signal: When the MACD line crosses above the signal line.
o Bearish Signal: When the MACD line crosses below the signal line.
3. Donchian Channel:
o Tracks the highest high and lowest low over a given period (default 20).
o Breakout Signal: Price breaking above the upper band is bullish; breaking below the lower band is bearish.
4. VWAP (Volume-Weighted Average Price):
o Above VWAP: Bullish condition (price above VWAP).
o Below VWAP: Bearish condition (price below VWAP).
5. EMA Stacking & Reversal:
o Tracks the order of EMAs (3, 8, 13) to confirm strong trends and reversals.
o Bullish Reversal: EMA3 < EMA8 < EMA13 followed by a crossing to bullish.
o Bearish Reversal: EMA3 > EMA8 > EMA13 followed by a crossing to bearish.
6. Bull/Bear Flags:
o Bull Flag: Characterized by a strong price movement (flagpole) followed by a pullback and breakout.
o Bear Flag: Similar to Bull Flag but in the opposite direction.
7. Triangle Patterns (Ascending and Descending):
o Detects ascending and descending triangles using pivot highs and lows.
o Ascending Triangle: Higher lows and flat resistance.
o Descending Triangle: Lower highs and flat support.
8. Volume Sensitivity:
o Identifies price moves with significant volume increases.
o High Volume: When current volume is significantly above the moving average volume (set to 1.2x of the average).
9. Momentum Indicators:
o RSI (Relative Strength Index): Confirms overbought and oversold levels with thresholds set at 65 (overbought) and 35 (oversold).
o ADX (Average Directional Index): Confirms strong trends when ADX > 28.
o Momentum Up: Momentum is upward with strong volume and bullish RSI/ADX conditions.
o Momentum Down: Momentum is downward with strong volume and bearish RSI/ADX conditions.
10. Bollinger & Keltner Squeeze:
o Squeeze Condition: A contraction in both Bollinger Bands and Keltner Channels indicates low volatility, signaling a potential breakout.
o Squeeze Breakout: Price breaking above or below the squeeze bands.
11. 3 Consecutive Candles Condition:
o Bullish: Price rises for three consecutive candles with higher highs and lows.
o Bearish: Price falls for three consecutive candles with lower highs and lows.
12. Williams %R and Stochastic RSI:
o Williams %R: A momentum oscillator with signals when the line crosses certain levels.
o Stochastic RSI: Provides overbought/oversold levels with smoother signals.
o Combined Signals: You can choose whether to require both WPR and StochRSI to signal a buy/sell.
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User Inputs (Inputs Tab):
1. Minimum Conditions for Buy/Sell:
o min_conditions: Number of conditions required to trigger a buy/sell signal on the chart (1 to 12).
o Alert_min_conditions: User-defined alert threshold (how many conditions must be met before an alert is triggered).
2. Donchian Channel Settings:
o Show Donchian: Toggle visibility of the Donchian channel.
o Donchian Length: The length of the Donchian Channel (default 20).
3. Bull/Bear Flag Settings:
o Bull Flag Flagpole Strength: ATR multiplier to define the strength of the flagpole.
o Bull Flag Pullback Length: Length of pullback for the bull flag pattern.
o Bull Flag EMA Length: EMA length used to confirm trend during bull flag pattern.
Similar settings exist for Bear Flag patterns.
4. Momentum Indicators:
o RSI Length: Period for calculating the RSI (default 9).
o RSI Overbought: Overbought threshold for the RSI (default 65).
o RSI Oversold: Oversold threshold for the RSI (default 35).
5. Bollinger/Keltner Squeeze Settings:
o Squeeze Width Threshold: The maximum width of the Bollinger and Keltner Bands for squeeze conditions.
6. Stochastic RSI Settings:
o Stochastic RSI Length: The period for calculating the Stochastic RSI.
7. WPR Settings:
o WPR Length: Period for calculating Williams %R (default 14).
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User Inputs (Style Tab):
1. Signal Plotting:
o Control the display and colors of the buy/sell signals, momentum indicators, and pattern signals on the chart.
o Buy/Sell Signals: Can be customized with different colors and shapes (triangle up for buys, triangle down for sells).
o Momentum Signals: Custom circle placement for momentum-up or momentum-down signals.
2. Donchian Channel:
o Show Donchian: Toggle visibility of the Donchian upper, lower, and middle bands.
o Band Colors: Choose the color for each band (upper, lower, middle).
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How to Use the Indicator:
1. Adjust Minimum Conditions: Set the minimum number of conditions that must be met for a signal to appear. For example, set it to 5 if you want only stronger signals.
2. Set Alert Threshold: Define the number of conditions needed to trigger an alert. This can be different from the minimum conditions for visual signals.
3. Customize Appearance: Modify the colors and styles of the signals to match your preferences.
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Conclusion:
This comprehensive trading indicator uses a combination of trend-following, pattern recognition, and momentum-based conditions to help you spot potential buy and sell opportunities. By adjusting the input settings, you can fine-tune it to match your specific trading strategy, making it a versatile tool for different market conditions.
Signal Reliability Based on Condition Count
The reliability of the buy/sell signals increases as more conditions are met. Here's a breakdown of the probabilities:
1. 1-3 Conditions Met: Lower Probability
o Signals that meet only 1-3 conditions tend to have lower reliability and are considered less probable. These signals may represent false positives or weaker market movements, and traders should approach them with caution.
2. 4 Conditions Met: More Reliable Signal
o When 4 conditions are met, the signal becomes more reliable. This indicates that multiple indicators or market patterns are aligning, increasing the likelihood of a valid buy/sell opportunity. While not foolproof, it's a stronger indication that the market may be moving in a particular direction.
3. 5-6 Conditions Met: Strong Signal
o A signal meeting 5-6 conditions is considered a strong signal. This indicates a well-confirmed move, with several technical indicators and market factors aligning to suggest a higher probability of success. These are the signals that traders often prioritize.
4. 7+ Conditions Met: Rare and High-Confidence Signal
o Signals that meet 7 or more conditions are rare and should be considered high-confidence signals. These represent a significant alignment of multiple factors, and while they are less frequent, they are highly reliable when they do occur. Traders can be more confident in acting on these signals, but they should still monitor market conditions for confirmation.
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You can adjust the number of conditions as needed, but this breakdown should give a clear structure on how the signal strength correlates with the number of conditions met!
Z-Score Trend Monitor [EdgeTerminal]The Z-Score Trend Monitor measures how far the short-term moving average deviates from the long-term moving average using the spread difference of the two — in standardized units. It’s designed to detect overextension, momentum exhaustion, and potential mean-reversion points by converting the spread between two moving averages into a normalized Z-score and tracking its change and direction over time.
The idea behind this is to catch the changes in the direction of a trend earlier than the usual and lagging moving average lines, allowing you to react faster.
The math behind the indicator itself is very simple. We take the simple moving average of the spread between a long term and short term moving average, and divide it by the difference between the spread and spread mean.
This results in a relatively accurate and early acting trend detector that can easily identify overbought and oversold levels in any timeframe. From our own testing, we recommend using this indicator as a trend confirmation tool.
How to Use It:
Keep an eye on the Z-Score or the blue line. When it goes over 2, it indicates an overbought or near top level, and when it goes below -2, it indicates an oversold or near bottom.
When Z-Score returns to zero or grey line, it suggests mean reversion is in progress.
You can also change the Z-Score criteria from 2 and -2 in the settings to any number you’d like for tighter or wider levels.
For scalping and fast trading setups, we recommend shorter SMAs, such as 5 and 20, and for longer trading setups such as swing trades, we recommend 20 and 100.
Settings:
Short SMA: Lookback period of short term simple moving average for the lower side of the SMA spread.
Short Term Weight: Additional weight or multiplier to suppress the short term SMA calculation. This is used to refine the SMA calculation for more granular and edge cases when needed, usually left at 1, meaning it will take the entire given value in the short SMA field.
Long SMA: Lookback period of long term simple moving average for the upper side of the SMA spread.
Long Term Weight: Additional weight or multiplier to suppress the long term SMA calculation. This is used to refine the long SMA calculation for more granular and edge cases when needed, usually left at 1, meaning it will take the entire given value in the long SMA field.
Z-Score Threshold: The threshold for upper (oversold) and lower (overbought) levels. This can also be set individually from the style page.
Z-Score Lookback Window: The lookback period to calculate spread mean and spread standard deviation
C&B Auto MK5C&B Auto MK5.2ema BullBear
Overview
The C&B Auto MK5.2ema BullBear is a versatile Pine Script indicator designed to help traders identify bullish and bearish market conditions across various timeframes. It combines Exponential Moving Averages (EMAs), Relative Strength Index (RSI), Average True Range (ATR), and customizable time filters to generate actionable signals. The indicator overlays on the price chart, displaying EMAs, a dynamic cloud, scaled RSI levels, bull/bear signals, and market condition labels, making it suitable for swing trading, day trading, or scalping in trending or volatile markets.
What It Does
This indicator generates bull and bear signals based on the interaction of two EMAs, filtered by RSI thresholds, ATR-based volatility, a 50/200 EMA trend filter, and user-defined time windows. It adapts to market volatility by adjusting EMA lengths and RSI thresholds. A dynamic cloud highlights trend direction or neutral zones, with candlestick coloring in neutral conditions. Market condition labels (current and historical) provide real-time trend and volatility context, displayed above the chart.
How It Works
The indicator uses the following components:
EMAs: Two EMAs (short and long) are calculated on a user-selected timeframe (1, 5, 15, 30, or 60 minutes). Their crossover or crossunder triggers potential bull/bear signals. EMA lengths adjust based on volatility (e.g., 10/20 for volatile markets, 5/10 for non-volatile).
Dynamic Cloud: The area between the EMAs forms a cloud, colored green for bullish trends, red for bearish trends, or a user-defined color (default yellow) for neutral zones (when EMAs are close, determined by an ATR-based threshold). Users can widen the cloud for visibility.
RSI Filter: RSI is scaled to price levels and plotted on the chart (optional). Signals are filtered to ensure RSI is within volatility-adjusted bull/bear thresholds and not in overbought/oversold zones.
ATR Volatility Filter: An optional filter ensures signals occur during sufficient volatility (ATR(14) > SMA(ATR, 20)).
50/200 EMA Trend Filter: An optional filter restricts bull signals to bullish trends (50 EMA > 200 EMA) and bear signals to bearish trends (50 EMA < 200 EMA).
Time Filter: Signals are restricted to a user-defined UTC time window (default 9:00–15:00), aligning with active trading sessions.
Market Condition Labels: Labels above the chart display the current trend (Bullish, Bearish, Neutral) and optionally volatility (e.g., “Bullish Volatile”). Up to two historical labels persist for a user-defined number of bars (default 5) to show recent trend changes.
Visual Aids: Bull signals appear as green triangles/labels below the bar, bear signals as red triangles/labels above. Candlesticks in neutral zones are colored (default yellow).
The indicator ensures compatibility with standard chart types (e.g., candlestick or bar charts) to produce realistic signals, avoiding non-standard types like Heikin Ashi or Renko.
How to Use It
Add to Chart: Apply the indicator to a candlestick or bar chart on TradingView.
Configure Settings:
Timeframe: Choose a timeframe (1, 5, 15, 30, or 60 minutes) to match your trading style.
Filters:
Enable/disable the ATR volatility filter to focus on high-volatility periods.
Enable/disable the 50/200 EMA trend filter to align signals with the broader trend.
Enable the time filter and set custom UTC hours/minutes (default 9:00–15:00).
Cloud Settings: Adjust the cloud width, neutral zone threshold, color, and transparency.
EMA Colors: Use default trend-based colors or set custom colors for short/long EMAs.
RSI Display: Toggle the scaled RSI and its thresholds, with customizable colors.
Signal Settings: Toggle bull/bear labels and set signal colors.
Market Condition Labels: Toggle current/historical labels, include/exclude volatility, and adjust decay period.
Interpret Signals:
Bull Signal: A green triangle or “Bull” label below the bar indicates potential bullish momentum (EMA crossover, RSI above bull threshold, within time window, passing filters).
Bear Signal: A red triangle or “Bear” label above the bar indicates potential bearish momentum (EMA crossunder, RSI below bear threshold, within time window, passing filters).
Neutral Zone: Yellow candlesticks and cloud (if enabled) suggest a lack of clear trend; consider range-bound strategies or avoid trading.
Market Condition Labels: Check labels above the chart for real-time trend (Bullish, Bearish, Neutral) and volatility status to confirm market context.
Monitor Context: Use the cloud, RSI, and labels to assess trend strength and volatility before acting on signals.
Unique Features
Volatility-Adaptive EMAs: Automatically adjusts EMA lengths based on ATR to suit volatile or non-volatile markets, reducing manual configuration.
Neutral Zone Detection: Uses an ATR-based threshold to identify low-trend periods, helping traders avoid choppy markets.
Scaled RSI Visualization: Plots RSI and thresholds directly on the price chart, simplifying momentum analysis relative to price.
Flexible Time Filtering: Supports precise UTC-based trading windows, ideal for day traders targeting specific sessions.
Historical Market Labels: Displays recent trend changes (up to two) with a decay period, providing context for market shifts.
50/200 EMA Trend Filter: Aligns signals with the broader market trend, enhancing signal reliability.
Notes
Use on standard candlestick or bar charts to ensure accurate signals.
Test the indicator on a demo account to optimize settings for your market and timeframe.
Combine with other analysis (e.g., support/resistance, volume) for better decision-making.
The indicator is not a standalone system; use it as part of a broader trading strategy.
Limitations
Signals may lag in fast-moving markets due to EMA-based calculations.
Neutral zone detection may vary in extremely volatile or illiquid markets.
Time filters are UTC-based; ensure your platform’s timezone settings align.
This indicator is designed for traders seeking a customizable, trend-following tool that adapts to volatility and provides clear visual cues with robust filtering for bullish and bearish market conditions.
BTC Markup/Markdown Zones by Koenigsegg📈 BTC Markup/Markdown Zones
A handcrafted indicator designed to mark Bitcoin's most critical High Time Frame (HTF) structure shifts. This tool overlays true institutional-level Markup and Markdown Zones, selected manually after deep market review. Whether you're testing strategies or actively trading, this tool gives you the bigger picture at all times.
🔍 Key Features:
✅ HTF Markup & Markdown Zones
Every zone is manually selected — no indicators, no repainting. Just raw market history and real structure.
✅ Two Display Modes
• Background Zones — soft overlays with low opacity for visual context — with the option to increase opacity manually if desired.
• Start Candle Highlight — sharply highlighted candle marking the final pivot before a macro reversal.
✅ Custom Color Controls (Style Tab)
All visual styling lives in the Style tab, with clearly labeled fields:
• Markup Zone
• Markdown Zone
• Start Candle Highlight Markup
• Start Candle Highlight Markdown
✅ Minimal Input Section
Just one toggle: display mode. Everything else is kept clean and intuitive.
🧠 Purpose:
This script is made for any timeframe:
• Zoom into lower timeframes to know whether you're trading inside a Markup or Markdown
• Use it during strategy testing for true structural awareness
📅 Handpicked Macro Turning Points:
Each zone originates from a manually confirmed candle — the last meaningful candle before a shift in control between bulls and bears:
• FRI 19 AUG 2011 12PM – MARK DOWN
• THU 20 OCT 2011 12AM – MARK UP
• WED 10 APR 2013 12PM – MARK DOWN
• FRI 12 APR 2013 12PM – MARK UP
• SAT 30 NOV 2013 12AM – MARK DOWN
• WED 14 JAN 2015 12PM – MARK UP
• SUN 17 DEC 2017 12PM – MARK DOWN
• SAT 15 DEC 2018 12PM – MARK UP
• WED 14 APR 2021 4AM – MARK DOWN
• TUE 22 JUN 2021 12PM – MARK UP
• WED 10 NOV 2021 12PM – MARK DOWN
• MON 21 NOV 2022 8PM – MARK UP
• THU 14 MAR 2024 4AM – MARK DOWN
• MON 5 AUG 2024 12PM – MARK UP
• MON 20 JAN 2025 4AM – MARK DOWN
💡 Zones are manually updated by me after each new confirmed Markup or Markdown.
🧬 Fractal Structure for MTF Systems
Price is fractal — meaning the same principles of structure repeat across all timeframes. In Version 2, this tool evolves by introducing manually selected sub-zones inside each High Time Frame (HTF) Markup or Markdown. These sub-zones reflect Medium Timeframe (MTF) structure shifts, offering precision for traders who operate on both intraday and swing levels.
This makes the indicator ideal for low timeframe (LTF) Markup/Markdown awareness — whether you're managing 15m entries or building multi-timeframe confluence systems.
No auto-zones. No guesswork. Just clean, intentional structure division within the broader trend, handpicked for maximum clarity and edge.
💡 Pro Tip:
When price is inside a Markup Zone, shorting becomes riskier — you're trading against a macro bullish structure.
When inside a Markdown Zone, longing becomes riskier — you're fighting against confirmed bearish momentum.
Use this tool to stay aligned with the broader move, especially when zoomed into smaller timeframes or managing entries/exits during intraday setups.
📈 Markup Phase – Bullish Sentiment
Definition: A period where price makes higher highs and higher lows — the uptrend is in full force.
Why sentiment is bullish:
- Institutions and smart money are already positioned long.
- Public/institutional demand drives prices up.
- Momentum is supported by positive news, breakouts, and FOMO.
- Higher highs confirm buyers are in control.
📉 Markdown Phase – Bearish Sentiment
Definition: A period where price makes lower lows and lower highs — clear downtrend.
Why sentiment is bearish:
- Distribution has already occurred, and supply outweighs demand.
- Smart money is short or sidelined, waiting for deeper prices.
- Panic selling or trend-following traders add downside momentum.
- Lower lows confirm sellers are in control.
❌ Trading Against the Trend — Consequences:
-Reduced Probability of Success
-You’re fighting the dominant flow. Most participants are pushing in the opposite direction.
-Drawdowns & Stop-Outs
-Countertrend trades often get wicked or flushed before any meaningful move, especially without structure-based entries.
-Low Risk-Reward Ratio
-Trends offer sustained moves. Countertrend trades may have small take-profit zones or chop.
-Mental Drain & Doubt
-Fighting momentum causes anxiety, second-guessing, and emotional reactions.
-Missed Opportunities
-Focusing on fighting the trend makes you blind to the high-probability setups with the trend.
-Increased Transaction Costs
-More stop-outs and re-entries mean more fees, more friction.
-FOMO from Watching the Trend Run
-Entering countertrend means you might watch the trend explode without you.
-Confirmation Bias & Stubbornness
-Countertrend traders often look for reasons to justify staying in the wrong direction — leading to bigger losses.
🧠 Summary
In markup = bulls dominate → you swim with the current.
In markdown = bears dominate → going long is like pushing a rock uphill.
Trading with the trend is not just safer, it's smarter. The edge lives in momentum — not ego.
⚠️ Disclaimer
This indicator is for educational and analytical use only. It is not financial advice and should not be relied on for decision-making without personal analysis.
This is not a predictive tool. No indicator can forecast upcoming price movements.
What you see here is based purely on past market behavior — specifically, historical tops and bottoms that marked the start of confirmed reversals.
This script does not know where the next reversal begins, nor can it determine where a new Markup or Markdown starts or ends. It is designed to provide context, not prediction.
Always trade with responsibility and perform your own due diligence.
ADX Full [Titans_Invest]ADX Full
This is, without a doubt, the most complete ADX indicator available on TradingView — and quite possibly the most advanced in the world. We took the classic ADX structure and fully optimized it, preserving its essence while elevating its functionality to a whole new level. Every aspect has been enhanced — from internal logic to full visual customization. Now you can see exactly what’s happening inside the indicator in real time, with tags, flags, and informative levels. This indicator includes over 22 long entry conditions and 22 short entry conditions , covering absolutely every possibility the ADX can offer. Everything is transparent, adjustable, and ready to fit seamlessly into any professional trading strategy. This isn’t just another ADX — it’s the definitive ADX, built for traders who take the market seriously.
⯁ WHAT IS THE ADX❓
The Average Directional Index (ADX) is a technical analysis indicator developed by J. Welles Wilder. It measures the strength of a trend in a market, regardless of whether the trend is up or down.
The ADX is an integral part of the Directional Movement System, which also includes the Plus Directional Indicator (+DI) and the Minus Directional Indicator (-DI). By combining these components, the ADX provides a comprehensive view of market trend strength.
⯁ HOW TO USE THE ADX❓
The ADX is calculated based on the moving average of the price range expansion over a specified period (usually 14 periods). It is plotted on a scale from 0 to 100 and has three main zones:
Strong Trend: When the ADX is above 25, indicating a strong trend.
Weak Trend: When the ADX is below 20, indicating a weak or non-existent trend.
Neutral Zone: Between 20 and 25, where the trend strength is unclear.
⯁ ENTRY CONDITIONS
The conditions below are fully flexible and allow for complete customization of the signal.
______________________________________________________
🔹 CONDITIONS TO BUY 📈
______________________________________________________
• Signal Validity: The signal will remain valid for X bars .
• Signal Sequence: Configurable as AND or OR .
🔹 +DI > -DI
🔹 +DI < -DI
🔹 +DI > ADX
🔹 +DI < ADX
🔹 -DI > ADX
🔹 -DI < ADX
🔹 ADX > Threshold
🔹 ADX < Threshold
🔹 +DI > Threshold
🔹 +DI < Threshold
🔹 -DI > Threshold
🔹 -DI < Threshold
🔹 +DI (Crossover) -DI
🔹 +DI (Crossunder) -DI
🔹 +DI (Crossover) ADX
🔹 +DI (Crossunder) ADX
🔹 +DI (Crossover) Threshold
🔹 +DI (Crossunder) Threshold
🔹 -DI (Crossover) ADX
🔹 -DI (Crossunder) ADX
🔹 -DI (Crossover) Threshold
🔹 -DI (Crossunder) Threshold
______________________________________________________
______________________________________________________
🔸 CONDITIONS TO SELL 📉
______________________________________________________
• Signal Validity: The signal will remain valid for X bars .
• Signal Sequence: Configurable as AND or OR .
🔸 +DI > -DI
🔸 +DI < -DI
🔸 +DI > ADX
🔸 +DI < ADX
🔸 -DI > ADX
🔸 -DI < ADX
🔸 ADX > Threshold
🔸 ADX < Threshold
🔸 +DI > Threshold
🔸 +DI < Threshold
🔸 -DI > Threshold
🔸 -DI < Threshold
🔸 +DI (Crossover) -DI
🔸 +DI (Crossunder) -DI
🔸 +DI (Crossover) ADX
🔸 +DI (Crossunder) ADX
🔸 +DI (Crossover) Threshold
🔸 +DI (Crossunder) Threshold
🔸 -DI (Crossover) ADX
🔸 -DI (Crossunder) ADX
🔸 -DI (Crossover) Threshold
🔸 -DI (Crossunder) Threshold
______________________________________________________
______________________________________________________
🤖 AUTOMATION 🤖
• You can automate the BUY and SELL signals of this indicator.
______________________________________________________
______________________________________________________
⯁ UNIQUE FEATURES
______________________________________________________
Signal Validity: The signal will remain valid for X bars
Signal Sequence: Configurable as AND/OR
Condition Table: BUY/SELL
Condition Labels: BUY/SELL
Plot Labels in the Graph Above: BUY/SELL
Automate and Monitor Signals/Alerts: BUY/SELL
Signal Validity: The signal will remain valid for X bars
Signal Sequence: Configurable as AND/OR
Table of Conditions: BUY/SELL
Conditions Label: BUY/SELL
Plot Labels in the graph above: BUY/SELL
Automate & Monitor Signals/Alerts: BUY/SELL
______________________________________________________
📜 SCRIPT : ADX Full
🎴 Art by : @Titans_Invest & @DiFlip
👨💻 Dev by : @Titans_Invest & @DiFlip
🎑 Titans Invest — The Wizards Without Gloves 🧤
✨ Enjoy!
______________________________________________________
o Mission 🗺
• Inspire Traders to manifest Magic in the Market.
o Vision 𐓏
• To elevate collective Energy 𐓷𐓏
Volume-Weighted Pivot BandsThe Volume-Weighted Pivot Bands are meant to be a dynamic, rolling pivot system designed to provide traders with responsive support and resistance levels that adapt to both price volatility and volume participation. Unlike traditional daily pivot levels, this tool recalculates levels bar-by-bar using a rolling window of volume-weighted averages, making it highly relevant for intraday traders, scalpers, swing traders, and algorithmic systems alike.
-- What This Indicator Does --
This tool calculates a rolling VWAP-based pivot level, and surrounds that central pivot with up to five upper bands (R1–R5) and five lower bands (S1–S5). These act as dynamic zones of potential resistance (R) and support (S), adapting in real time to price and volume changes.
Rather than relying on static session or daily data, this indicator provides continually evolving levels, offering more relevant levels during sideways action, trending periods, and breakout conditions.
-- How the Bands Are Calculated --
Pivot (VWAP Pivot):
The core of this system is a rolling Volume-Weighted Average Price, calculated over a user-defined window (default 20 bars). This ensures that each bar’s price impact is weighted by its volume, giving a more accurate view of fair value during the selected lookback.
Volume-Weighted Range (VW Range):
The highest high and lowest low over the same window are used to calculate the volatility range — this acts as a spread factor.
Support & Resistance Bands (S1–S5, R1–R5):
The bands are offset above and below the pivot using multiples of the VW Range:
R1 = Pivot + (VW Range × multiplier)
R2 = R1 + (VW Range × multiplier)
R3 = R2 + (VW Range x multiplier)
...
S1 = Pivot − (VW Range × multiplier)
S2 = S1 − (VW Range × multiplier)
S3 = S2 - (VW Range x multiplier)
...
You can control the multiplier manually (default is 0.25), to widen or tighten band spacing.
Smoothing (Optional):
To prevent erratic movements, you can optionally toggle on/off a simple moving average to the pivot line (default length = 20), providing a smoother trend base for the bands.
-- How to Use It --
This indicator can be used for:
Support and resistance identification:
Price often reacts to R1/S1, and the outer bands (R4/R5 or S4/S5) act as overshoot zones or strong reversal areas.
Trend context:
If price is respecting upper bands (R2–R3), the trend is likely bullish. If price is pressing into S3 or lower, it may indicate sustained selling pressure or a breakdown.
Volatility framing:
The distance between bands adjusts based on price range over the rolling window. In tighter markets, the bands compress — in volatile moves, they expand. This makes the indicator self-adaptive.
Mean reversion trades:
A move into R4/R5 or S4/S5 without continuation can be a sign of exhaustion — potential for reversal toward the pivot.
Alerting:
Built-in alerts are available for crosses of all major bands (R1–R5, S1–S5), enabling trade automation or scalp alerts with ease.
-- Visual Features --
Fuchsia Lines: Mark all Resistance (R1–R5) levels.
Lime Lines: Mark all Support (S1–S5) levels.
Gray Circle Line: Marks the rolling pivot (VWAP-based).
-- Customizable Settings --
Rolling Length: Number of bars used to calculate VWAP and VW Range.
Multiplier: Controls how wide the bands are spaced.
Smooth Pivot: Toggle on/off to smooth the central pivot.
Pivot Smoothing Length: Controls how many bars to average when smoothing is enabled.
Offset: Visually shift all bands forward/backward in time.
-- Why Use This Over Standard Pivots? --
Traditional pivots are based on previous session data and remain fixed. That’s useful for static setups, but may become irrelevant as price action evolves. In contrast:
This system updates every bar, adjusting to current price behavior.
It includes volume — a key feature missing from most static pivots.
It shows multiple bands, giving a full view of compression, breakout potential, or trend exhaustion.
-- Who Is This For? --
This tool is ideal for:
Day traders & scalpers who need relevant intraday levels.
Swing traders looking for evolving areas of confluence.
Algorithmic/systematic traders who rely on quantifiable, volume-aware support/resistance.
Traders on all assets: works on crypto, stocks, futures, forex — any chart that has volume.
3 Zero Lag + 3 Moving Averages + 3 RVWAPThe "3 Zero Lag + 3 Moving Averages + 3 RVWAP" (ZMR) indicator combines three groups of tools for technical analysis.
1. Three Customizable Moving Averages (MAs):
Configuration for Each MA:
Choice of 7 types (SMA, EMA, WMA, HMA, VWMA, LSMA, SMMA).
Independent periods and price sources for each line.
Visualization:
MA1 (Blue), MA2 (Red), MA3 (Green).
2. Three Zero Lag EMAs (ZLEMA) with Individual Settings:
Lag Reduction: Corrects traditional EMA lag using:
Adjusted Price = 2 * Current Price - Price .
Flexibility:
Unique lengths (20, 50, 70) and individual price sources for each ZLEMA (HLC3, HL2, Close, etc.).
Colors:
ZLEMA1 (Yellow), ZLEMA2 (Orange), ZLEMA3 (Purple).
3. Three Rolling VWAPs with Custom Parameters:
Volume-Weighted Average Price (VWAP):
Calculated for three periods (20, 50, 100) with dedicated price sources for each VWAP.
Colors:
VWAP1 (Pink), VWAP2 (Light Blue), VWAP3 (Neon Green).
PEAD strategy█ OVERVIEW
This strategy trades the classic post-earnings announcement drift (PEAD).
It goes long only when the market gaps up after a positive EPS surprise.
█ LOGIC
1 — Earnings filter — EPS surprise > epsSprThresh %
2 — Gap filter — first regular 5-minute bar gaps ≥ gapThresh % above yesterday’s close
3 — Timing — only the first qualifying gap within one trading day of the earnings bar
4 — Momentum filter — last perfDays trading-day performance is positive
5 — Risk management
• Fixed stop-loss: stopPct % below entry
• Trailing exit: price < Daily EMA( emaLen )
█ INPUTS
• Gap up threshold (%) — 1 (gap size for entry)
• EPS surprise threshold (%) — 5 (min positive surprise)
• Past price performance — 20 (look-back bars for trend check)
• Fixed stop-loss (%) — 8 (hard stop distance)
• Daily EMA length — 30 (trailing exit length)
Note — Back-tests fill on the second 5-minute bar (Pine limitation).
Live trading: enable calc_on_every_tick=true for first-tick entries.
────────────────────────────────────────────
█ 概要（日本語）
本ストラテジーは決算後の PEAD を狙い、
EPS サプライズがプラス かつ 寄付きギャップアップ が発生した銘柄をスイングで買い持ちします。
█ ロジック
1 — 決算フィルター — EPS サプライズ > epsSprThresh %
2 — ギャップフィルター — レギュラー時間最初の 5 分足が前日終値＋ gapThresh %以上
3 — タイミング — 決算当日または翌営業日の最初のギャップのみエントリー
4 — モメンタムフィルター — 過去 perfDays 営業日の騰落率がプラス
5 — リスク管理
• 固定ストップ：エントリー − stopPct %
• 利確：終値が日足 EMA( emaLen ) を下抜け
█ 入力パラメータ
• Gap up threshold (%) — 1 (ギャップ条件)
• EPS surprise threshold (%) — 5 (EPS サプライズ最小値)
• Past price performance — 20 (パフォーマンス判定日数)
• Fixed stop-loss (%) — 8 (固定ストップ幅)
• Daily EMA length — 30 (利確用 EMA 期間)
注意 — Pine の仕様上、バックテストでは寄付き 5 分足の次バーで約定します。
実運用で寄付き成行に合わせたい場合は calc_on_every_tick=true を有効にしてください。
────
ご意見や質問があればお気軽にコメントください。
Happy trading!
[blackcat] L1 Bollinger Bands Width WatcherOVERVIEW
The Bollinger Bands Width Watcher is an advanced tool designed to monitor the width of Bollinger Bands, providing insights into market volatility and potential trend reversals. This indicator calculates both absolute and relative widths of the bands, plotting them on the chart for easy visualization. It also generates buy and sell signals based on crossover events, helping traders make informed decisions 📊✅.
Today, this article introduces the final member of the Bollinger Bands trio—Bollinger Bands Width (BBW). Derived from the renowned Bollinger Bands, this indicator measures price volatility and identifies trading signals. First, let’s delve into what Bollinger Bands are. They consist of three lines associated with the price of a security:
The middle line is typically a 20-day Simple Moving Average (SMA).
The upper and lower bands represent two standard deviations above and below the middle band.
The Bollinger Bands Width measures the distance between these upper and lower bands.
Bollinger Bands Width = (Upper Band - Lower Band) / Middle Band
Calculating BBW involves subtracting the lower band from the upper band and dividing by the middle band to obtain the BBW value. However, interpreting BBW values alone isn't enough to determine if they're narrow or wide. Different instruments or timeframes might define narrowness differently. To gauge the significance of band narrowing accurately, analyzing past BBW fluctuations alongside price movements is essential.
One prominent theory involving Bollinger Bands is the "squeeze." A squeeze setup comprises two phases:
Low volatility, where bands narrow, and prices move sideways.
Increased volatility, where prices breach either the upper or lower band, initiating a new trend.
During a bullish squeeze, BBW diminishes, and breaking above the upper band signals a new uptrend. Conversely, in a bearish squeeze, BBW declines, and falling below the lower band indicates a new downtrend.
While BBW excels at spotting squeezes, traders must exercise caution. Even with a squeeze setup, a robust market trend might not materialize. Validating breakouts necessitates personal judgment and additional confirmation techniques.
Now, let's explore key parameters and settings:
Length: Defines the period for computing the base SMA, defaulting to 20 days.
Source: Specifies the data source per candle, defaulting to the closing price.
Standard Deviation: Sets the number of standard deviations from the SMA for the upper and lower bands, defaulting to 2.
FEATURES
Calculates Bollinger Bands Width using customizable parameters:
Smoothing Length: Number of bars used for calculating the moving average and standard deviation.
Source Price: Defaults to closing prices but can be adjusted.
Standard Deviation Multiplier: Controls the width of the bands.
Plots two types of Bollinger Bands Width:
Absolute width relative to the basis (Yellow Line).
Relative width compared to the close price (Fuchsia Line).
Fills the area between the two plotted lines for better visual context 🌈
Generates buy ('Buy') and sell ('Sell') labels based on crossover events 🏷️
Provides alerts for crossover signals to notify users of potential trade opportunities 🔔
HOW TO USE
Add the indicator to your TradingView chart by selecting it from the indicators list.
Adjust the Smoothing Length, Source Price, and Standard Deviation Multiplier as needed ⚙️.
Observe the plotted Bollinger Bands Width lines and filled areas for insights into market volatility.
Monitor the chart for buy and sell labels indicating potential trade opportunities.
Set up alerts based on the generated signals to receive notifications when conditions are met 📲.
LIMITATIONS
The indicator may generate false signals in highly volatile or ranging markets 🌪️.
Users should combine this indicator with other forms of analysis for more reliable trading decisions.
The effectiveness of the indicator may vary depending on the asset and timeframe being analyzed.
NOTES
Ensure that you have sufficient historical data available for accurate calculations.
Test the indicator thoroughly on demo accounts before applying it to live trading 🔍.
Customize the appearance and parameters as needed to fit your trading strategy.
RSI Strength & Consolidation Zones (Zeiierman)█ Overview
RSI Strength & Consolidation Zones (Zeiierman) is a hybrid momentum and volatility visualization tool that blends enhanced RSI interpretation with ADX-driven consolidation detection. This indicator doesn't just show where RSI is trending — it interprets how strong that trend is, when that strength changes, and where the market may be consolidating in anticipation of breakout movement.
Using a combination of Kalman-filtered RSI, custom-built DMI/ADX, and low-volatility zone recognition, it gives traders a dynamic RSI with strength-based coloring, while also highlighting consolidation zones to spot breakout opportunities.
█ Its uniqueness
Traditional RSI indicators lack context. They may show you when the market is overbought or oversold, but they won’t tell you how strong that condition is, or whether it’s likely to result in continuation or consolidation.
This tool aims to solve that by introducing adaptive strength metrics and structural compression zones, allowing traders to anticipate when the market is likely preparing for a move.
█ How It Works
⚪ Enhanced RSI
Combines traditional RSI and a custom RSI implementation
Smooths both through a Kalman filter for trend direction
Final RSI line reflects smoothed consensus between manual and built-in RSI
Adds an RSI + Strength overlay to show when the directional conviction is increasing
⚪ ADX-Driven Strength Layer
Directional Movement Index (DMI) is calculated both manually and with built-in smoothing
The average ADX value is used to calculate a strength modifier
When ADX exceeds 20, RSI is dynamically enhanced or dampened to reflect directional force
Resulting visual: RSI appears stronger or weaker based on confirmed trend conditions
⚪ Consolidation Zone Detection
When ADX falls below 20, the indicator enters a consolidation zone state
Boxes are drawn dynamically to contain the price within these low-volatility structures
Once the price breaks out of the zone, the indicator plots a breakout signal (▲ or ▼)
⚪ Breakouts
Breakout markers are placed at the first close outside the consolidation box
These signals serve as early indicators for potential trend continuation or reversal
█ How to Use
⚪ Confirm Momentum Strength
Use the RSI + Strength line to determine whether current momentum is backed by trend conviction. If strength expands alongside rising RSI, the move has confirmation.
⚪ Consolidations Zones
When RSI is around the midline, and a consolidation box appears, expect lower volatility and a range-bound market, followed by a breakout.
⚪ Use Breakout Signals for Entry
Look for ▲ or ▼ markers as early triggers. These often coincide with volume expansions or structural breaks.
█ Settings Explained
RSI Length – Number of bars used for RSI. Shorter = more sensitive.
DMI Length – Used in both custom and built-in ADX/DI calculations.
ADX Smoothing – Smooths the trend strength signal. Higher values = smoother strength detection.
Trend Confirmation (Filter Strength) – Adjusts the responsiveness of the Kalman filter.
-----------------
Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
NR4/NR7 + Trend + MACD + VWAP FilterThe Ultimate Momentum-Compression Strategy
This strategy merges the power of price compression and trend confirmation, ensuring you're trading when the market is coiled and ready to move. By combining multiple filters—NR4/NR7, trend alignment, MACD momentum, and VWAP support—this setup identifies high-probability trade opportunities in dynamic, trending stocks. Here's how it works:
NR4/NR7 Patterns: These are narrow-range days where the current price range is smaller than the previous 4 or 7 days. This signals potential breakout or continuation setups, as the market is compressing before making a move.
Trend Confirmation: To ensure you're not trading against the current trend, the price must be above the 20 EMA, and the 10 EMA must be above the 20 EMA. This confirms a bullish structure, with the price trending in your favour.
MACD Momentum: The fast MACD line must be above the slow MACD line, confirming the trend is not only intact but also gaining momentum.
VWAP Filter: Price must be above the VWAP (Volume Weighted Average Price). This is the final confirmation that the market is in a strong, bullish phase, with buyers dominating the market.
By requiring all these conditions to align, this strategy takes the guesswork out of day trading. It ensures you're trading within a well-established trend, with compression patterns and momentum backing your trade. The result? You’re entering positions with confidence and clarity, poised to ride strong, sustained moves.
This strategy is for the trader who values both flexibility and discipline—able to capture dynamic moves while staying aligned with market structure and momentum. It’s a refined, systematic approach that makes decisions clear, without the emotional second-guessing.
Stochastics + CM Williams VixFix (Simple Buy Signal)📈 Stochastics + CM Williams VixFix (Simple Buy Signal)
This indicator combines two powerful tools to detect potential bottoming opportunities:
✅ Stochastics: Looks for momentum reversals. A signal is triggered when both %K and %D are below the oversold threshold (default: 20), suggesting the asset is deeply oversold.
✅ CM Williams Vix Fix: A volatility-based fear detector. When it spikes above its dynamic threshold, it indicates potential panic selling — often preceding a market bounce.
💡 Buy Signal is generated when:
%K and %D are both below 20
VixFix shows a volatility spike (green condition)
Use this script to identify high-probability reversal setups, especially during market corrections or panic phases.
Aggregate PDH High Break Alert**Aggregate PDH High Break Alert**
**Overview**
The “Aggregate PDH High Break Alert” is a lightweight Pine Script v6 indicator designed to instantly notify you when today’s price breaks above any prior-day high in a user-defined lookback window. Instead of manually scanning dozens of daily highs, this script automatically loops through the last _N_ days (up to 100) and fires a single-bar alert the moment price eclipses a specific day’s high.
**Key Features**
- **Dynamic Lookback**: Choose any lookback period from 1 to 100 days via a single `High-Break Lookback` input.
- **Single Security Call**: Efficiently retrieves the entire daily-high series in one call to avoid TradingView’s 40-call security limit.
- **Automatic Looping**: Internally loops through each prior-day high, so there’s no need to manually code dozens of lines.
- **Custom Alerts**: Generates a clear, formatted alert message—e.g. “Crossed high from 7 day(s) ago”—for each breakout.
- **Lightweight & Maintainable**: Compact codebase (<15 lines) makes tweaking and debugging a breeze.
**Inputs**
- **High-Break Lookback (days)**: Number of past days to monitor for high breaks. Valid range: 1–100.
**How to Use**
1. **Add to Chart**: Open TradingView, click “Indicators,” then “Create,” and paste in the code.
2. **Configure Lookback**: In the script’s settings, set your desired lookback window (e.g., 20 for the past 20 days).
3. **Enable Alerts**: Right-click the indicator’s name on your chart, select “Add Alert on Aggregate PDH High Break Alert,” and choose “Once per bar close.”
4. **Receive Notifications**: Whenever price crosses above any of the specified prior-day highs, you’ll get an on-screen and/or mobile push alert with the exact number of days ago.
**Use Cases**
- **Trend Confirmation**: Confirm fresh bullish momentum when today’s high outpaces any of the last _N_ days.
- **Breakout Trading**: Automate entries off multi-day highs without manual chart scanning.
- **System Integration**: Integrate with alerts to trigger orders in third-party bots or webhook receivers.
**Disclaimer**
Breakouts alone do not guarantee sustained moves. Combine with your preferred risk management, volume filters, and other indicators for higher-probability setups. Use on markets and timeframes where daily breakout behavior aligns with your strategy.
Zen MIG Reversal V1**Zen MIG Reversal V1**
Zen MIG Reversal is a pattern-based indicator that highlights rare reversal setups.
It’s designed to support traders in visually identifying potential turning points, especially following strong momentum or gap-style moves.
**How it works:**
- **Bullish Reversal:**
Detects 3 consecutive bullish candles. The third bar must have a low above the high of the first bar and below the 20 EMA. When this occurs, a light blue box is drawn across the 3-bar range, from high to the current bar’s low. A blue arrow appears below the prior bar.
- **Bearish Reversal:**
Detects 3 consecutive bearish candles. The third bar must have a high below the low of the first bar and above the 20 EMA. A light red box is drawn from low to the current bar’s high. A red arrow appears above the prior bar.
- Optional settings allow you to:
- Show or hide the EMA line
- Toggle the arrows
- Adjust smoothing settings for context
**Purpose:**
It’s best used for discretionary analysis, journaling, or studying price behavior in momentum-driven environments.
**Disclaimer:**
This script is for educational and informational purposes only. It does not provide financial advice or trade recommendations. Always backtest and use proper risk management before applying any indicator to live trading.
The Mayan CalendarThis indicator displays the current date in the Mayan Calendar, based on real-time UTC time. It calculates and presents:
🌀 Long Count (Baktun.Katun.Tun.Uinal.Kin) – A linear count of days since the Mayan epoch (August 11, 3114 BCE).
🔮 Tzolk'in Date – A 260-day sacred cycle combining a number (1–13) and one of 20 day names (e.g., 4 Ajaw).
🌾 Haab' Date – A 365-day civil cycle divided into 18 months of 20 days + 5 "nameless" days (Wayeb').
The calculations follow Smithsonian standards and align with the Maya Calendar Converter from the National Museum of the American Indian:
👉 maya.nmai.si.edu
The results are shown in a table overlay on your chart's top-right corner. This indicator is great for symbolic traders, astro enthusiasts, or anyone interested in ancient timekeeping systems woven into financial timeframes. Enjoy, time travelers! ⌛
Aesthetic RSI [AlchimistOfCrypto]🌌 Aesthetic RSI – Unveiling the Fractal Forces of Markets 🌌
Category: Momentum Indicators 📈
"The RSI oscillator, formalized through an advanced mathematical prism, reveals the underlying fractal structures of price movements. This indicator draws inspiration from quantum principles of divergence-convergence where the probability of a return to equilibrium increases proportionally to the distance from the median point. Our implementation employs sophisticated algorithmic smoothing to filter out the stochastic noise inherent in financial markets, allowing visualization of the true momentum forces according to thermodynamic entropy principles applied to trading systems."
📊 Professional Trading Application
The Aesthetic RSI is a visually stunning and mathematically refined take on the classic Relative Strength Index. With customizable settings, advanced smoothing, and eight unique visual palettes, it empowers traders to detect momentum shifts and divergences with unparalleled clarity.
⚙️ Indicator Configuration
- Length 📏
The core parameter (default: 20) that determines the calculation period.
- Lower values (8-14): Increase sensitivity for short-term trading.
- Higher values (21-34): Provide stronger signals for position trading.
- OverBought/OverSold Thresholds 🎯
Customizable boundaries (default: 75/25) to identify extreme market conditions.
- Calibrate based on asset volatility: Higher volatility assets may need wider thresholds (80/20) to reduce false signals.
- Style 🎨
Eight meticulously crafted visual palettes optimized for pattern recognition:
- Miami Vice (default): High-contrast cyan/magenta scheme for spotting divergences.
- Cyberpunk: Yellow/purple combo to highlight momentum shifts.
- Classic: Traditional green/red for conventional analysis.
- High Contrast: Maximum visual separation for traders with visual impairments.
- Specialized palettes (Forest, Ocean, Fire, Monochrome): Tailored for diverse market conditions.
- Mode Selection 🔄
- Full: Displays a complete gradient spectrum across the RSI range, emphasizing momentum transitions between 35-65.
- OverZone: Focuses on actionable extreme zones, reducing noise in ranging markets.
🚀 How to Use
1. Adjust Length ⏰: Set the period based on your trading style (short-term or long-term).
2. Fine-Tune Thresholds 🎚️: Customize overbought/oversold levels to match the asset’s volatility.
3. Select a Palette 🌈: Choose a visual style that enhances your pattern recognition.
4. Choose Mode 🔍: Use "Full" for detailed momentum analysis or "OverZone" for extreme zone focus.
5. Spot Divergences ✅: Look for price-RSI divergences to anticipate reversals.
6. Trade with Precision 🛡️: Combine with other indicators for high-probability setups.
📅 Release Notes (April 2025)
Aesthetic RSI blends quantum-inspired mathematics with artistic visualization, redefining momentum analysis. Stay tuned for future enhancements! ✨
🏷️ Tags
#Trading #TechnicalAnalysis #RSI #Momentum #Divergence #MultiTimeframe #TradingStrategy #RiskManagement #Forex #Stocks #Crypto #Bitcoin #AlgoTrading #DayTrading #SwingTrading #TheAlchimist #QuantumTrading #VisualTrading #PatternRecognition
Session Breakouts & Trend Indicator# Session Breakouts & Trend Indicator
This indicator identifies high-probability trading opportunities by tracking key intraday sessions and their breakouts while aligning them with the overall market trend direction.
## What Makes This Indicator Unique
Unlike standard breakout indicators that only identify when price crosses a threshold, this indicator:
- Dynamically identifies and tracks important daily sessions (default: AM 09:00-10:00 and PM 15:00-16:00)
- Determines trend direction using a triple EMA system (20/50/200)
- Shows when breakouts align with the overall trend (higher probability setups)
- Provides visual confirmation with session ranges, breakout levels, and background highlighting
- Includes a comprehensive information panel showing trend/session alignment
## How It Works
The indicator tracks two important daily sessions:
1. **AM Session**: Typically the first hour of trading (default: 09:00-10:00)
2. **PM Session**: Typically the last hour of trading (default: 15:00-16:00)
For each session, it:
- Marks the high and low range
- Establishes breakout levels above/below these ranges
- Detects when price breaks beyond these levels
- Determines if the breakout aligns with the prevailing trend
The trend is calculated using three EMAs (20, 50, 200) for reliable trend identification.
## How To Use
1. Apply the indicator to your chart (works best on 5-minute timeframes)
2. Adjust session times to match your trading schedule if needed
3. Watch for breakouts above session highs (bullish) or below session lows (bearish)
4. Check the information panel to see if the breakout aligns with the trend
5. Enter trades in the direction of trend-aligned breakouts for higher probability setups
6. Set stop losses below the opposite side of the session range
## Settings
- **Session Times**: Customize AM and PM session times
- **EMA Lengths**: Adjust trend determination sensitivity
- **Visualization Options**: Toggle display of sessions, breakouts, and VWAP
- **Alert Settings**: Configure alerts for breakouts and trend-aligned conditions
This indicator is valuable for day traders and swing traders looking for objective entry points with higher probability of success.
TASC 2025.05 Trading The Channel█ OVERVIEW
This script implements channel-based trading strategies based on the concepts explained by Perry J. Kaufman in the article "A Test Of Three Approaches: Trading The Channel" from the May 2025 edition of TASC's Traders' Tips . The script explores three distinct trading methods for equities and futures using information from a linear regression channel. Each rule set corresponds to different market behaviors, offering flexibility for trend-following, breakout, and mean-reversion trading styles.
█ CONCEPTS
Linear regression
Linear regression is a model that estimates the relationship between a dependent variable and one or more independent variables by fitting a straight line to the observed data. In the context of financial time series, traders often use linear regression to estimate trends in price movements over time.
The slope of the linear regression line indicates the strength and direction of the price trend. For example, a larger positive slope indicates a stronger upward trend, and a larger negative slope indicates the opposite. Traders can look for shifts in the direction of a linear regression slope to identify potential trend trading signals, and they can analyze the magnitude of the slope to support trading decisions.
One caveat to linear regression is that most financial time series data does not follow a straight line, meaning a regression line cannot perfectly describe the relationships between values. Prices typically fluctuate around a regression line to some degree. As such, analysts often project ranges above and below regression lines, creating channels to model the expected extent of the data's variability. This strategy constructs a channel based on the method used in Kaufman's article. It measures the maximum distances from points on the linear regression line to historical price values, then adds those distances and the current slope to the regression points.
Depending on the trading style, traders might look for prices to move outside an established channel for breakout signals, or they might look for price action to reach extremes within the channel for potential mean reversion opportunities.
█ STRATEGY CALCULATIONS
Primary trade rules
This strategy implements three distinct sets of rules for trend, breakout, and mean-reversion trades based on the methods Kaufman describes in his article:
Trade the trend (Rule 1) : Open new positions when the sign of the slope changes, indicating a potential trend reversal. Close short trades and enter a long trade when the slope changes from negative to positive, and do the opposite when the slope changes from positive to negative.
Trade channel breakouts (Rule 2) : Open new positions when prices cross outside the linear regression channel for the current sample. Close short trades and enter a long trade when the price moves above the channel, and do the opposite when the price moves below the channel.
Trade within the channel (Rule 3) : Open new positions based on price values within the channel's range. Close short trades and enter a long trade when the price is near the channel's low, within a specified percentage of the channel's range, and do the opposite when the price is near the channel's high. With this rule, users can also filter the trades based on the channel's slope. When the filter is active, long positions are allowed only when the slope is positive, and short positions are allowed only when it is negative.
Position sizing
Kaufman's strategy uses specific trade sizes for equities and futures markets:
For an equities symbol, the number of shares traded is $10,000 divided by the current price.
For a futures symbol, the number of contracts traded is based on a volatility-adjusted formula that divides $25,000 by the product of the 20-bar average true range and the instrument's point value.
By default, this script automatically uses these sizes for its trade simulation on equities and futures symbols and does not simulate trading on other symbols. However, users can control position sizes from the "Settings/Properties" tab and enable trade simulation on other symbol types by selecting the "Manual" option in the script's "Position sizing" input.
Stop-loss
This strategy includes the option to place an accompanying stop-loss order for each trade, which users can enable from the "SL %" input in the "Settings/Inputs" tab. When enabled, the strategy places a stop-loss order at a specified percentage distance from the closing price where the entry order occurs, allowing users to compare how the strategy performs with added loss protection.
█ USAGE
This strategy adapts its display logic for the three trading approaches based on the rule selected in the "Trade rule" input:
For all rules, the script plots the linear regression slope in a separate pane. The plot is color-coded to indicate whether the current slope is positive or negative.
When the selected rule is "Trade the trend", the script plots triangles in the separate pane to indicate when the slope's direction changes from positive to negative or vice versa. Additionally, it plots a color-coded SMA on the main chart pane, allowing visual comparison of the slope to directional changes in a moving average.
When the rule is "Trade channel breakouts" or "Trade within the channel", the script draws the current period's linear regression channel on the main chart pane, and it plots bands representing the history of the channel values from the specified start time onward.
When the rule is "Trade within the channel", the script plots overbought and oversold zones between the bands based on a user-specified percentage of the channel range to indicate the value ranges where new trades are allowed.
Users can customize the strategy's calculations with the following additional inputs in the "Settings/Inputs" tab:
Start date : Sets the date and time when the strategy begins simulating trades. The script marks the specified point on the chart with a gray vertical line. The plots for rules 2 and 3 display the bands and trading zones from this point onward.
Period : Specifies the number of bars in the linear regression channel calculation. The default is 40.
Linreg source : Specifies the source series from which to calculate the linear regression values. The default is "close".
Range source : Specifies whether the script uses the distances from the linear regression line to closing prices or high and low prices to determine the channel's upper and lower ranges for rules 2 and 3. The default is "close".
Zone % : The percentage of the channel's overall range to use for trading zones with rule 3. The default is 20, meaning the width of the upper and lower zones is 20% of the range.
SL% : If the checkbox is selected, the strategy adds a stop-loss to each trade at the specified percentage distance away from the closing price where the entry order occurs. The checkbox is deselected by default, and the default percentage value is 5.
Position sizing : Determines whether the strategy uses Kaufman's predefined trade sizes ("Auto") or allows user-defined sizes from the "Settings/Properties" tab ("Manual"). The default is "Auto".
Long trades only : If selected, the strategy does not allow short positions. It is deselected by default.
Trend filter : If selected, the strategy filters positions for rule 3 based on the linear regression slope, allowing long positions only when the slope is positive and short positions only when the slope is negative. It is deselected by default.
NOTE: Because of this strategy's trading rules, the simulated results for a specific symbol or channel configuration might have significantly fewer than 100 trades. For meaningful results, we recommend adjusting the start date and other parameters to achieve a reasonable number of closed trades for analysis.
Additionally, this strategy does not specify commission and slippage amounts by default, because these values can vary across market types. Therefore, we recommend setting realistic values for these properties in the "Cost simulation" section of the "Settings/Properties" tab.
Weighted Ichimoku StrategyLSE:HSBA
The Ichimoku Kinko Hyo indicator is a comprehensive tool that combines multiple signals to identify market trends and potential buying/selling opportunities. My weighted variant of this strategy attempts to assign specific weights to each signal, allowing for a more nuanced and customizable approach to trend identification. The intent is to try and make a more informed trading decision based on the cumulative strength of various signals.
I've tried not to make it a mishmash of this and that + MACD + RSI and on and on; most people have their preferred indicator that focuses on just that that they can use in conjunction.
The signals used can be grouped into two groups the 'Core Ichimoku Signals' & the 'Additional Signals' (at the end you will find the signals and their assigned weights followed by the thresholds where they align).
The Core Ichimoku Signals are the primary signals used in Ichimoku analysis, including Kumo Breakout, Chikou Cross, Kijun Cross, Tenkan Cross, and Kumo Twist.
While the Additional Signals provide further insights and confirmations, such as Kijun Confirmation, Tenkan-Kijun Above Cloud, Chikou Above Cloud, Price-Kijun Cross, Chikou Span Signal, and Price Positioning.
Entries are triggered when the cumulative weight of bullish signals exceeds a specified buy threshold, indicating a strong uptrend or potential trend reversal.
Exits are initiated when the cumulative weight of bearish signals surpasses a specified sell threshold, or when additional conditions such as consolidation patterns or ATR-based targets are met.
There are various exit types that you can choose between, which can be used separately or in conjunction with one another. As an example you might want to exit on a different condition during consolidation periods than during other periods or just use ATR with some other backstop.
They are listed in evaluation order i.e. ATR trumps all, Consolidation exit trumps the regular Kumo sell and so on:
**ATR Sell**: Exits trades based on ATR-based profit targets and stop-losses.
**Consolidation Exit**: Exits trades during consolidation periods to reduce drawdown.
**Sell Below Kumo**: Exits trades when the price is below the Kumo, indicating a potential downtrend.
**Sell Threshold**: Exits trades when the cumulative weight of bearish signals surpasses a specified sell threshold.
There are various 'filters' which are really behavior modifiers:
**Kumo Breakout Filter**: Requires price to close above the Kumo for buy signals (essentially a entry delay).
**Whipsaw Filter**: Ensures trend strength over specified days to reduce false signals.
**Buy Cooldown**: Prevents new entries until half the Kijun period passes after an exit (prevents flapping).
**Chikou Filter**: Delays exits unless the previous close is below the Chikou Span.
**Consolidation Trend Filter**: Prevents consolidation exits if the trend is bullish (rare, but happens).
Then there are some debugging options. Ichimoku periods have some presets (personally I like 8/22/44/22) but are freely configurable, preset to the traditional values for purists.
The list of signals and most thresholds follow, play around with them. Thats all.
Cheers,
**Core Ichimoku Signals**
**Kumo Breakout**
- 30 (Bullish) / -30 (Bearish)
- Indicates a strong trend when the price breaks above (bullish) or below (bearish) the Kumo (cloud). This signal suggests a significant shift in market sentiment.
**Chikou Cross**
- 20 (Bullish) / -20 (Bearish)
- Shows the relationship between the Chikou Span (lagging span) and the current price. A bullish signal occurs when the Chikou Span is above the price, indicating a potential uptrend. Conversely, a bearish signal occurs when the Chikou Span is below the price, suggesting a downtrend.
**Kijun Cross**
- 15 (Bullish) / -15 (Bearish)
- Signals trend changes when the Tenkan-sen (conversion line) crosses above (bullish) or below (bearish) the Kijun-sen (base line). This crossover is often used to identify potential trend reversals.
**Tenkan Cross**
- 10 (Bullish) / -10 (Bearish)
- Indicates short-term trend changes when the price crosses above (bullish) or below (bearish) the Tenkan-sen. This signal helps identify minor trend shifts within the broader trend.
**Kumo Twist**
- 5 (Bullish) / -5 (Bearish)
- Shows changes in the Kumo's direction, indicating potential trend shifts. A bullish Kumo Twist occurs when Senkou Span A crosses above Senkou Span B, and a bearish twist occurs when Senkou Span A crosses below Senkou Span B.
**Additional Signals**
**Kijun Confirmation**
- 8 (Bullish) / -8 (Bearish)
- Confirms the trend based on the price's position relative to the Kijun-sen. A bullish signal occurs when the price is above the Kijun-sen, and a bearish signal occurs when the price is below it.
**Tenkan-Kijun Above Cloud**
- 5 (Bullish) / -5 (Bearish)
- Indicates a strong bullish trend when both the Tenkan-sen and Kijun-sen are above the Kumo. Conversely, a bearish signal occurs when both lines are below the Kumo.
**Chikou Above Cloud**
- 5 (Bullish) / -5 (Bearish)
- Shows the Chikou Span's position relative to the Kumo, indicating trend strength. A bullish signal occurs when the Chikou Span is above the Kumo, and a bearish signal occurs when it is below.
**Price-Kijun Cross**
- 2 (Bullish) / -2 (Bearish)
- Signals short-term trend changes when the price crosses above (bullish) or below (bearish) the Kijun-sen. This signal is similar to the Kijun Cross but focuses on the price's direct interaction with the Kijun-sen.
**Chikou Span Signal**
- 10 (Bullish) / -10 (Bearish)
- Indicates the trend based on the Chikou Span's position relative to past price highs and lows. A bullish signal occurs when the Chikou Span is above the highest high of the past period, and a bearish signal occurs when it is below the lowest low.
**Price Positioning**
- 10 (Bullish) / -10 (Bearish)
- Shows indecision when the price is between the Tenkan-sen and Kijun-sen, indicating a potential consolidation phase. A bullish signal occurs when the price is above both lines, and a bearish signal occurs when the price is below both lines.
**Confidence Level**: Highly Sensitive
- **Buy Threshold**: 50
- **Sell Threshold**: -50
- **Notes / Significance**: ~2–3 signals, very early trend detection. High sensitivity, may capture noise and false signals.
**Confidence Level**: Entry-Level
- **Buy Threshold**: 58
- **Sell Threshold**: -58
- **Notes / Significance**: ~3–4 signals, often Chikou Cross or Kumo Breakout. Very sensitive, risks noise (e.g., false buys in choppy markets).
**Confidence Level**: Entry-Level
- **Buy Threshold**: 60
- **Sell Threshold**: -60
- **Notes / Significance**: ~3–4 signals, Kumo Breakout or Chikou Cross anchors. Entry point for early trends.
**Confidence Level**: Moderate
- **Buy Threshold**: 65
- **Sell Threshold**: -65
- **Notes / Significance**: ~4–5 signals, balances sensitivity and reliability. Suitable for moderate risk tolerance.
**Confidence Level**: Conservative
- **Buy Threshold**: 70
- **Sell Threshold**: -70
- **Notes / Significance**: ~4–5 signals, emphasizes stronger confirmations. Reduces false signals but may miss some opportunities.
**Confidence Level**: Very Conservative
- **Buy Threshold**: 75
- **Sell Threshold**: -75
- **Notes / Significance**: ~5–6 signals, prioritizes high confidence. Minimizes risk but may enter trades late.
**Confidence Level**: High Confidence
- **Buy Threshold**: 80
- **Sell Threshold**: -80
- **Notes / Significance**: ~6–7 signals, very strong confirmations needed. Suitable for cautious traders.
**Confidence Level**: Very High Confidence
- **Buy Threshold**: 85
- **Sell Threshold**: -85
- **Notes / Significance**: ~7–8 signals, extremely high confidence required. Minimizes false signals significantly.
**Confidence Level**: Maximum Confidence
- **Buy Threshold**: 90
- **Sell Threshold**: -90
- **Notes / Significance**: ~8–9 signals, maximum confidence level. Ensures trades are highly reliable but may result in fewer trades.
**Confidence Level**: Ultra Conservative
- **Buy Threshold**: 100
- **Sell Threshold**: -100
- **Notes / Significance**: ~9–10 signals, ultra-high confidence. Trades are extremely reliable but opportunities are rare.
**Confidence Level**: Extreme Confidence
- **Buy Threshold**: 110
- **Sell Threshold**: -110
- **Notes / Significance**: All signals align, extreme confidence. Trades are almost certain but very few opportunities.
AI-123's BTC vs Gold (Lag Correlation)
DISCLAIMER
I made this indicator with the help of ChatGPT and using what I have learned so far from The Pine Script Mastery Course, LOTS of edits based on what I have learned so far had to be made as well as additions and modifications to my liking thanks to what I have learned so far. I am aware this already exists but I have done my best to make a first ever script/indicator while learning how to properly publish as well, so please bear that in mind.
Overview
This indicator analyzes the correlation between Bitcoin (BTC) and Gold (XAUUSD), with a customizable lag applied to the Gold price, providing insight into the macro relationship between these two assets.
It is designed for traders and investors who want to track how Bitcoin and Gold move in relation to each other, particularly when Gold is lagged by a specific number of days.
Key Features:
BTC and Gold (Lagged) Price Overlay: Display Bitcoin (BTC) and Gold (XAUUSD) prices on the chart, with an adjustable lag applied to the Gold price.
Rolling Correlation Calculation: Measures the correlation between Bitcoin and lagged Gold prices over a customizable lookback period.
Adjustable Lag: The number of days that Gold is lagged relative to Bitcoin is fully customizable (default: 20 days).
Customizable Correlation Length: Allows you to choose the lookback period for the correlation (default: 50 days), providing flexibility for short-term or long-term analysis.
Normalized Plotting: Prices of Bitcoin and Gold are normalized for better visual alignment with the correlation values. BTC is divided by 1000, and Gold by 100.
Correlation Scaling: The correlation value is amplified by 10 for better visual clarity and comparison with price data.
Zero Line: Horizontal line representing a correlation of 0, making it easier to identify positive or negative correlation shifts.
Maximum Correlation Lines: Horizontal lines at +10 and -10 values for extreme correlation scenarios.
Input Settings:
Gold Symbol: Customize the Gold ticker (default: OANDA:XAUUSD).
Bitcoin Symbol: Customize the Bitcoin ticker (default: BINANCE:BTCUSDT).
Lag (in trading days): Adjust the number of trading days to lag the Gold price relative to Bitcoin (default: 20).
Correlation Length (days): Set the number of days over which the rolling correlation is calculated (default: 50).
How to Use:
Price Comparison: The BTC (Spot) and Lagged Gold plots give you a side-by-side visual comparison of the two assets, normalized for clarity.
Correlation Line: The correlation line helps you gauge the strength and direction of the relationship between BTC and lagged Gold. Positive values indicate a strong positive correlation, while negative values indicate a negative correlation.
Visual Analysis: Watch how the correlation shifts with changes in lag and correlation length to identify potential market dynamics between Bitcoin and Gold.
Potential Applications:
Macro Trading: Track how Bitcoin and Gold behave in relation to each other during periods of economic uncertainty or inflation.
Sentiment Analysis: Use the correlation data to understand the sentiment between digital and traditional assets.
Strategic Timing: Identify potential opportunities where Bitcoin and Gold show a strong correlation or diverge based on the lag adjustment.
Understanding Macro Trends/Correlations.
Disclaimer:
This indicator is for informational purposes only. The correlation between Bitcoin and Gold does not guarantee future performance, and users should conduct their own research and use risk management strategies when making trading decisions.
Notes: This script uses historical data, so results may vary across different timeframes.
Customization options allow users to adjust the lag and correlation length to better fit their trading strategy.
Future Enhancements: Additional Correlation Line: A second correlation line for different lengths of lag or different assets.
Color-Coding of Correlation: Future updates may include color-coded correlation strength, visually indicating positive or negative correlation more effectively.
