RSI + MA + Divergence + SnR + Price levelOverview
This indicator combines several technical analysis tools to give traders a comprehensive view based on the RSI indicator. Its main features include:
RSI & Moving Averages on RSI:
RSI: Calculates the RSI based on the closing price (or a user-selected source) with a configurable period (default is 14).
EMA and WMA: Computes and plots an Exponential Moving Average (EMA with a period of 9) and a Weighted Moving Average (WMA with a period of 45) on the RSI, helping to smooth out signals and better identify trends.
Price Ladder Based on RSI:
Draws horizontal lines at specified target RSI levels (from targetRSI1 to targetRSI7, default levels ranging from 20 to 80).
Calculates a target price based on the price change relative to the averaged gains and losses, providing an estimated price level when the RSI reaches those critical levels.
Divergence Detection:
Identifies divergence between price and RSI:
Bullish Divergence: Detected when the price forms a lower low but RSI fails to confirm with a corresponding lower low, with the RSI falling under a configurable threshold (d_below).
Bearish Divergence: Detected when the price forms a higher high while the RSI does not, with the RSI exceeding a configurable upper threshold (d_upper).
Optionally displays labels on the chart to alert the trader when divergence signals are detected.
Auto Support & Resistance on RSI:
Automatically calculates and plots support and resistance lines based on the RSI over different lookback periods (e.g., 34, 89, 200 bars).
Helps traders identify key RSI levels where price reversals or breakouts might occur.
Benefits for the Trader
This indicator is designed to assist traders in their decision-making process by integrating multiple technical analysis elements:
Identifying Market Trends:
By combining the RSI with its moving averages (EMA, WMA), traders can better assess market trends and the strength of these trends, thereby improving trade entry accuracy.
Early Reversal Signals via Divergence:
Divergence signals (both bullish and bearish) can help forecast potential reversals in the market, allowing traders to adjust their strategies timely.
Determining RSI-Based Support/Resistance Levels:
Automatic identification of support and resistance levels on the RSI provides key areas where a price reversal or breakout may occur, assisting traders in setting stop-loss and take-profit levels strategically.
Price Target Forecasting with the Price Ladder:
The target price labels calculated at important RSI levels provide insights into potential price objectives, aiding in risk management and profit planning.
Flexible Configuration:
Traders can customize key parameters such as the RSI period, lengths for EMA and WMA, target RSI levels, divergence conditions, and support/resistance settings. This flexibility allows the indicator to adapt to different trading styles and strategies.
How to read data
Some use-cases
Used to estimate price according to the RSI level.
When you trade using RSI, you want to set your stop-loss or take-profit levels based on RSI. By looking at the price ladder, you know the corresponding price level to enter a trade.
Used to determine the entry zone.
RSI often reacts to its own previously established support/resistance levels. Use the Auto SnR feature to identify those zones.
Used to determine the trend.
RSI and its moving averages help identify the price trend:
Uptrend: 3 lines separate and point upward.
Downtrend: 3 lines separate and point downward.
Use WMA45 to determine the trend:
Uptrend: WMA45 is moving upward or trading above the 50 level.
Downtrend: WMA45 is moving downward or trading below the 50 level.
Sideways: WMA45 is trading around the 50 level.
Use EMA9 to confirm the trend: A crossover of EMA9 through WMA45 confirms the formation of a new trend.
Configuration
The script allows users to configure a number of important parameters to suit their analytical preferences:
RSI Settings:
RSI Length (rsiLengthInput): The number of periods used to compute the RSI (default is 14, adjustable as needed).
RSI Source (rsiSourceInput): Select the price source (default is the closing price).
RSI Color (rsiClr): The color used to display the RSI line.
Moving Averages on RSI:
EMA Length (emaLength): The period for calculating the EMA on RSI (default is 9).
WMA Length (wmaLength): The period for calculating the WMA on RSI (default is 45).
EMA Color (emaClr) and WMA Color (wmaClr): Customize the colors of the EMA and WMA lines.
Price Ladder Settings:
Toggle Price Ladder (showPrice): Enable or disable the display of the price ladder.
Target RSI Levels: targetRSI1 through targetRSI7: RSI values at which target prices are calculated (default values range from 20, 30, 40, 50, 60, 70 to 80).
Price Label Color (priceColor): The text color for displaying the target price labels.
Divergence Settings:
Divergence Toggle (calculateDivergence): Option to enable or disable divergence calculation and display.
Divergence Conditions:
d_below: RSI level below which bullish divergence is considered.
d_upper: RSI level above which bearish divergence is considered.
Display Divergence Labels (showDivergenceLabel): Option to display labels on the chart when divergence is detected.
Auto Support & Resistance on RSI:
Toggle Auto S&R (enableAutoSnR): Enable or disable automatic plotting of support and resistance levels.
Lookback Periods for Support/Resistance:
L1_lookback: Lookback period for level 1 (e.g., 34 bars).
L2_lookback: Lookback period for level 2 (e.g., 89 bars).
L3_lookback: Lookback period for level 3 (e.g., 200 bars).
Support and Resistance Colors:
rsiSupportClr: Color for the support line.
rsiResistanceClr: Color for the resistance line.
Alerts:
Divergence Alerts: Alert conditions are set up to notify the trader when bullish or bearish divergence is detected, aiding in timely decision-making.
Buscar en scripts para "89年属蛇运势"
Pressure Zones with MA [SYNC & TRADE]Description:
The "Pressure Zones with MA " indicator is designed to analyze the pressure of buyers and sellers on the market, as well as to identify areas of increased activity. When designing it, the main task was to see manipulations on the market, when the power of sellers or the power of buyers is in a sideways trend or falling, and the opposite is growing.
Here is a good example. The power of sellers is in a narrow sideways trend, and sales are increasing very aggressively. The power of buyers is in a gray block with the inscription "range". Then we see the fading of the power of sellers and buyers furiously pounce on the asset that has fallen in price.
Here are the main aspects of its operation and use:
First, turn off the moving averages in the indicator settings, on the "style" tab. Choose your favorite asset, which you understand well and know all its ups and downs. I want you to see a clean chart, so that you can be imbued with a new idea, you need to watch it. This is a proprietary indicator and I understand that it does not have the inscription “buy” / “sell”, but believe me, if you pay attention, you will see its strength. I usually add functionality later, but the light code and visualization remain preferable in the first version.
Purpose:
The indicator helps to determine the strength of buyers and sellers in the market.
It visualizes zones where the pressure of buyers or sellers prevails.
Additionally displays moving averages (MA) for data smoothing.
Main components:
Buyer strength chart (blue line)
Seller strength chart (red line)
Moving averages for buyer and seller strength
Threshold line for defining zones
Indicator settings:
Period: defines the base period for calculations (default 89)
Threshold: sets the level for defining pressure zones (from 0 to 2, default 0.8)
MA type for purchases and sales: select the type of moving average (SMA, EMA, RMA, WMA, VWMA, HMA)
MA length for purchases and sales: period for calculating moving averages
Colors for uptrends and downtrends of MA
Moving averages:
Help smooth out data and identify trends
The direction of the MA (up or down) further confirms the current trend
The color of the MA changes depending on the direction (blue for up, red for down)
Now you can turn them on and see how they help in understanding where one or another force is weakening. It is in this case that we see the intersection of forces and the sellers' force is moving aggressively upward. Also, according to the moving average, we see the weakening of the sellers' force. The buyers' force was in the sideways range and then switched on to buy out and also according to the moving average, it is clear where the main interest in purchases disappeared.
Use:
Observe the strength of buyers and sellers relative to each other. They can move simultaneously in one direction, this is regarded as balance
can move in different directions and this will strengthen the upward force of sellers or buyers
You may also notice that the movement of one of the forces will be in a narrow range and the second will grow strongly - this is manipulation or trading without resistance.
You can also play with the threshold line, but it is not the main thing here. I disabled this function in the code.
// Display zones
//bgcolor(buy_zone ? color.new(color.blue, 90) : na)
//bgcolor(sell_zone ? color.new(color.red, 90) : na)
If you want to enable it, copy it instead
// Display zones
bgcolor(buy_zone ? color.new(color.blue, 90) : na)
bgcolor(sell_zone ? color.new(color.red, 90) : na)
Pay attention to the intersection of forces.
Use crossovers of force lines and their moving averages as potential signals
Combine the indicator signals with other technical analysis tools for confirmation
Limitations:
Requires customization of parameters for a specific trading instrument and timeframe
The indicator should not be used as the only tool for making trading decisions
Remember that this indicator provides additional information for market analysis, but is not a guarantee of successful trades. Always combine it with other analysis methods and follow risk management rules.
Описание:
Индикатор "Pressure Zones with MA " предназначен для анализа давления покупателей и продавцов на рынке, а также для определения зон повышенной активности. При его проектировании основная задача была увидеть манипуляции на рынке, когда сила продавцов или сила покупателей стоит в боковике или падает, а противоположная растет.
Вот хороший пример. Сила продавцов стоит в узком боковике, а продажи очень агрессивно усиливаются. Сила покупателей в сером блоке с надписью “range”. Потом мы видим затухание силы продавцов и покупателей яростно накидываются на подешевевший актив.
Вот основные аспекты его работы и использования:
Для начала отключите средние скользящие в настройках индикатора, на закладке “стиль”. Выберите свой любимый актив, в котором вы хорошо разбираетесь и знаете его все взлеты и падения. Я хочу чтобы вы увидели чистый график, для того чтобы вы могли проникнутся новой идеей нужно понаблюдать за ним. Это авторский индикатор и я понимаю что на нем нет надписи “купить” / “продать”, но поверьте уделив свое внимание вы увидите его силу. Я обычно потом добавляю функционал но легкий код и визуализация, в первом варианте остается предпочтительней.
Назначение:
Индикатор помогает определить силу покупателей и продавцов на рынке.
Он визуализирует зоны, где преобладает давление покупателей или продавцов.
Дополнительно отображает скользящие средние (MA) для сглаживания данных.
Основные компоненты:
График силы покупателей (синяя линия)
График силы продавцов (красная линия)
Скользящие средние для силы покупателей и продавцов
Пороговая линия для определения зон
Настройки индикатора:
Период (Period): определяет базовый период для расчетов (по умолчанию 89)
Порог (Threshold): устанавливает уровень для определения зон давления (от 0 до 2, по умолчанию 0.8)
Тип MA для покупок и продаж: выбор типа скользящей средней (SMA, EMA, RMA, WMA, VWMA, HMA)
Длина MA для покупок и продаж: период для расчета скользящих средних
Цвета для восходящего и нисходящего трендов MA
Скользящие средние:
Помогают сглаживать данные и выявлять тренды
Направление MA (вверх или вниз) дополнительно подтверждает текущий тренд
Цвет MA меняется в зависимости от направления (синий для восходящего, красный для нисходящего)
Теперь вы можете их включить и посмотреть как они помогают в понимании где ослабевает та или иная сила. Именно в этом случае мы видим пересечение сил и сила продавцов идет агрессивно вверх. Также по средней скользящей мы видим затухание силы продавцов. Сила покупателей стояла в боковике потом включилась на откуп и также по средней скользящей видно где пропал основной интерес к покупкам.
Использование:
Наблюдайте за силой покупателей и продавцов относительно друг друга. Они могут двигаться одновременно в одном направлении это расценивается как баланс
могут двигаться в разных направлениях и это будет усиливать восходящую силу продавцов или покупателей
также возможно вы заметите что движение одной из силы будет в узком диапазоне а вторая будет сильно расти - это манипуляция или торговля без сопротивления.
Также можете поиграть с пороговой линией, но она совершенно не главная здесь. В коде я отключил эту функцию.
// Display zones
//bgcolor(buy_zone ? color.new(color.blue, 90) : na)
//bgcolor(sell_zone ? color.new(color.red, 90) : na)
Если захотите включить скопируйте вместо нее
// Display zones
bgcolor(buy_zone ? color.new(color.blue, 90) : na)
bgcolor(sell_zone ? color.new(color.red, 90) : na)
Обращайте внимание на пересечение сил.
Используйте пересечения линий силы и их скользящих средних как потенциальные сигналы
Комбинируйте сигналы индикатора с другими инструментами технического анализа для подтверждения
Ограничения:
Требуется настройка параметров под конкретный торговый инструмент и таймфрейм
Не следует использовать индикатор как единственный инструмент для принятия торговых решений
Помните, что этот индикатор предоставляет дополнительную информацию для анализа рынка, но не является гарантией успешных сделок. Всегда сочетайте его с другими методами анализа и соблюдайте правила управления рисками.
CVD with Moving Average (Trend Colors) [SYNC & TRADE]Yesterday I wrote a simple and easy code for the indicator "Cumulative Delta Volume with a moving average" using AI.
Introduction:
Delta is the difference between buys and sells. If there are more purchases, the delta is positive, if there are more sales, the delta is negative. We look at each candle separately on a particular time frame, which does not give us an overall picture over time.
Cumulative volume delta is in many ways an extension of volume delta, but it covers longer periods of time and provides different trading signals. Like the volume delta indicator, the Cumulative Volume Delta (CVD) indicator measures the relationship between buying and selling pressure, but does not focus on one specific candle (or other chart element), but rather gives a picture over time.
What did you want to get?
I have often seen that they tried to attach RSI and the Ichimoku cloud to the cumulative delta of volume, but I have never seen a cumulative delta of volume with a moving average. A moving average that takes data from the cumulative volume delta will be different from the moving average of the underlying asset. It has been noted that often at the intersection of the cumulative volume delta and the moving average, this is a more accurate signal to buy or sell than the same intersections for the underlying asset.
Initially, 5 moving averages were made with values of 21, 55, 89, 144 and 233, but I realized that this overloads the chart. It is easier to change the length of the moving average depending on the time frame you are using than to overload the chart. The final version with one moving SMA, EMA, RMA, WMA, HMA.
The logic for applying a moving average to a cumulative volume delta:
You choose a moving average, just like you would on your underlying asset. Use the moving average you like and the period you are used to working with. Each TF has its own settings.
What we see on the graph:
This is not an oscillator, but an adapted version for a candlestick chart (line only). Using it, you can clearly see where the market is moving based on the cumulative volume delta. The cool thing is that you can include your moving average applied to the cumulative volume delta. Thanks to this, you can see a trend movement, a return to the moving average to continue the trend.
Opportunities not lost:
The most interesting thing is that it remains possible to observe the divergence of the asset and the cumulative delta of the volume. This gives a great advantage. Those who have not worked with divergence do not rush into it right away. There may be 3 peaks in divergence (as with oversold/overbought), but it works many times more clearly than RSI and MACD.
Here's a good example on the daily chart. The moment we were all waiting for 75,000. The cumulative Delta Volume fell with each peak, while the price chart (tops) were approximately level.
Usually they throw (allow to buy) without volume for sales (delta down, price up) in order to merge at a more interesting price. And they also drain without the volume of purchases for a squeeze (price down / delta up) and again I buy back at a more interesting price. There are more complex estimation options; you can read about the divergence of the cumulative delta of the CVD volume. I just recommend doing a backtest.
Recommendations:
One more moment. Use the indicator on the stock exchange, where there is the most money, by turnover and by asset. Choose Binance, not Bybit. Those. choose the BTC asset, for example, but on the Binance exchange. Not futures, but spot.
The greater the turnover on the exchange for an asset, and the fewer opportunities to enter with leverage, the less volatile the price and the more beautiful and accurate the chart.
Works on all assets. There is a subscription limit (the number of calculated bars) that has little effect on anything. Can be applied to any asset where there is volume (not SPX, but ES1, not MOEX, but MX1!).
Перевод на русский.
Вчера написал с помощью AI простой и легкий код индикатора "Кумулятивная Дельта Объема со скользящей средней".
Введение:
Дельта (Delta) — это разница между покупками и продажами. Если покупок больше — дельта положительная, если больше продаж — дельта отрицательная. Мы смотрим на каждую свечу отдельно на том или ином таймфрейме, что не дает нам общей картины во времени.
Кумулятивная дельта объема — во многом продолжение дельты объёмов, но она включает более длительные периоды времени и дает другие торговые сигналы. Как и индикатор дельты объёма, индикатор кумулятивной дельты объема (Cumulative Volume Delta, CVD) измеряет связь между давлением покупателей и продавцов, но при этом не фокусируется на одной конкретной свече (или другом элементе графика), а дает картину во времени.
Что хотел получить?
Часто видел, что к кумулятивной детьте объема пытались прикрепить RSI и облако ишимоку, но никогда не видел кумулятивную дельту объема со скользящей средней. Скользящая средняя которая берет данные от кумулятивной дельты объема будет отличатся от скользящей средней основного актива. Было замечено, что часто в местах пересечения кумулятивной дельты объема и скользящей средней - это более точный сигнал к покупке или продаже, чем такие же пересечения по основному активу.
Изначально было сделанно 5 скользящих со значениями 21, 55, 89, 144 и 233, но я понял, что это перегружает график. Проще менять длину скользящей средней от используемого таймфрейма, чем перегружать график. Финальный вариант с одной скользящей SMA, EMA, RMA, WMA, HMA.
Логика применения скользящей средней к кумулятивной дельте объема:
Вы выбираете скользящую среднюю, так же как и на основном активе. Применяйте ту скользящую среднюю, которая вам нравится и период, с которым привыкли работать. На каждом TF свои настройки.
Что мы видим на графике:
Это не осциллятор, а адаптированная версия к свечному графику (только линия). С помощью него вы можете наглядно посмотреть куда движется рынок по кумулятивной дельте объема. Самое интересное, что вы можете включить свою скользящую среднюю, применимую к кумулятивной дельте объема. Благодаря этому вы можете видеть трендовое движение, возврат к средней скользящей для продолжения тренда.
Не потерянные возможности:
Самое интересное, что осталась возможность наблюдать за дивергенцией актива и кумулятивной дельтой объема. Это дает большое преимущество. Те кто не работал с дивергенцией не бросайтесь на нее сразу. Может быть и 3 пика в дивергенции (как с перепроданностью / перекупленностью), но работает в разы четче чем RSI и MACD.
Вот хороший пример на дневном графике. Момент когда мы все ждали 75000. Кумулятивная Дельта Объема падала с каждым пиком, в то время как ценовой график (вершины) были примерно на уровне.
Обычно закидывают (разрешают покупать) без объема на продажи (дельта вниз цена вверх), чтобы слить по более интересной цене. И также сливают без объема покупок для сквиза (цена вниз / дельта вверх) и опять откупаю по более интересной цене. Существуют более сложные варианты оценки, можете почитать про дивергенцию кумулятивной дельты объема CVD. Только рекомендую сделать бэктест.
Рекомендации:
Еще момент. Используйте индикатор, на бирже, там где больше всего денег, по обороту и по активу. Выбирайте не Bybit, а Binance. Т.е. выбираете актив BTC, к примеру, но на бирже Binance. Не фьючерс, а спот.
Чем более большие обороты на бирже, по активу, и меньше возможностей заходить с плечами, тем менее волатильная цена и более красивый и точный график.
Работает на всех активах. Есть ограничение по подписке (количество рассчитываемых баров) мало влияет на что. Можно применить к любому активу где есть объем (не SPX, а ES1, не MOEX, а MX1!).
FiboSequFiboSequ: Fibonacci Sequence Marking
Leonardo Fibonacci was an Italian mathematician who lived in the 12th century. His real name was Leonardo of Pisa, but he is commonly known as "Fibonacci." Fibonacci is famous for introducing the Hindu-Arabic numeral system to the Western world. This system is the basis of the modern decimal number system we use today.
Fibonacci Sequence
The Fibonacci sequence is a series of numbers that frequently appears in mathematics and nature. The first two numbers in the sequence are 0 and 1, and each subsequent number is the sum of the two preceding numbers.
The sequence is as follows:
0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, ...
Fibonacci Time Zones:
Fibonacci time zones are used to identify potential turning points in the market at specific time intervals. These time zones correspond to the Fibonacci sequence in terms of consecutive days or weeks.
The Fibonacci sequence has a wide range of applications in both mathematics and nature. Leonardo Fibonacci's work has had a significant impact on the development of modern mathematics and numeral systems. In financial markets, the Fibonacci sequence and ratios are frequently used by technical analysts to predict and analyze market movements.
Description:
Overview:
The FiboSequ indicator marks significant days on a price chart based on the Fibonacci sequence. This can help traders identify potential turning points or areas of interest in the market. The Fibonacci sequence is a series of numbers where each number is the sum of the two preceding ones, often found in nature and financial markets.
Fibonacci Sequence:
The sequence used in this indicator includes: 1, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, and 2584.
These numbers represent the days to be marked on the chart, highlighting possible significant market movements.
How It Works:
User Input:
Users can input the starting date (Year, Month, and Day) from which the Fibonacci sequence will begin to be calculated.
This allows flexibility and customization based on the trader's analysis needs.
Calculation:
The starting date is converted into a timestamp in seconds.
For each bar on the chart, the number of days since the starting date is calculated.
The indicator checks if the current day matches any of the Fibonacci sequence days, the previous day, or the next day.
In this indicator, Fibonacci numbers can be displayed on the chart as plus and minus 2 days. For example, for the 145th day, signals start to appear as 143,144 and 145. This is due to dates that sometimes coincide with weekends and public holidays.
Marking the Chart:
When a match is found, a label is placed above the bar indicating the day number from the Fibonacci sequence.
These labels are colored blue with white text for easy visibility.
Usage:
This indicator can be used on any timeframe and market to help identify potential areas where price might react.
It is especially useful for those who employ Fibonacci analysis in their trading strategy.
Example:
If the starting date is January 1, 2020, the indicator will mark significant Fibonacci days (e.g., 1, 3, 5, 8 days, etc.) on the chart from this date onward.
Community Guidelines Compliance:
This indicator adheres to TradingView's Pine Script community guidelines.
It provides customizable user inputs and does not violate any terms of use.
By using the FiboSequ indicator, traders can enhance their technical analysis by incorporating time-based Fibonacci levels, potentially leading to better market timing and decision-making.
Frequently Asked Questions (FAQ)
Q: What is the FiboSequ indicator?
A: The FiboSequ indicator is a technical analysis tool that marks significant days on a price chart based on the Fibonacci sequence. This indicator helps traders identify potential turning points or areas of interest in the market.
Q: What is the Fibonacci sequence and why is it important?
A: The Fibonacci sequence is a series of numbers where each number is the sum of the two preceding ones. The first two numbers are 0 and 1. This sequence frequently appears in nature and financial markets and is used in technical analysis to identify important support and resistance levels.
Q: How do the Fibonacci time zones in the indicator work?
A: Fibonacci time zones are used to identify potential market turning points at specific time intervals. The indicator calculates days based on the Fibonacci sequence (e.g., 1, 3, 5, 8 days, etc.) from the starting date and marks them on the chart.
Q: How can users set the starting date?
A: Users can input the starting date by specifying the year, month, and day. This sets the date from which the indicator begins its calculations, providing flexibility for user analysis.
Q: What do the labels in the indicator represent?
A: The labels mark specific days in the Fibonacci sequence. For example, 1st day, 3rd day, 5th day, etc. These labels are displayed in blue with white text for easy visibility.
Q: Which timeframes can I use the FiboSequ indicator on?
A: The FiboSequ indicator can be used on any timeframe. This includes daily, weekly, or monthly charts, as well as shorter timeframes.
Q: Which markets can the FiboSequ indicator be used in?
A: The FiboSequ indicator can be used in various financial markets, including stocks, forex, cryptocurrencies, commodities, and more.
Q: How can I achieve better market timing with the FiboSequ indicator?
A: The FiboSequ indicator helps identify potential market turning points using time-based Fibonacci levels. This can lead to better market timing and more informed trading decisions for traders.
-Please feel free to write your valuable comments and opinions. I attach importance to your valuable opinions so that I can improve myself.
Trend Strength Over TimeThe script serves as an indicator designed to assess and visualize trend strength and Volume strength over time. It employs a variety of calculations and conditions to offer insights into both bullish and bearish market trends. Let's explore the key conceptual elements of the code.
Trend Strength Conditions:
The script defines conditions to assess trend strength based on a comparison between each calculated percentile value and the highest high (bullish) or lowest low (bearish). Separate conditions are established for each percentile length, allowing for a nuanced understanding of trend dynamics across different timeframes.
Counting Bull and Bear Trends:
To quantify the strength of bullish and bearish trends, the script maintains counts for the number of conditions that are true for each. This count-based approach provides a quantitative measure of trend strength.
Weak Bull and Bear Counts:
Recognizing that trends are not always clear-cut, the script introduces the concept of weak trends. It counts instances where the percentiles fall between the highest high and lowest low, indicating a potential weakening of the prevailing trend.
Bull and Bear Strength:
Bull and bear strengths are calculated based on the counts, with adjustments made for weak trends. This step provides a more nuanced and comprehensive assessment of trend strength by considering both strong and weak signals.
Current Trend Value:
The culmination of these calculations is the determination of the current trend value. This value represents the balance between bullish and bearish forces, offering a dynamic indicator of the market's prevailing sentiment.
Volume Strength Calculation:
In addition to price-based indicators, the script incorporates volume strength as a crucial element. This is calculated using the simple moving averages (SMAs) of volume over different lengths, normalized relative to the SMA over a length of 144. Volume strength adds a layer of confirmation or divergence to the price-based trend analysis.
Color Change:
To facilitate quick and intuitive interpretation, the script dynamically changes the color of the plotted line on the chart based on the current trend value. Green indicates a bullish trend, red indicates a bearish trend, and blue suggests a neutral or indecisive market.
Plotting:
The script uses the plot function to visually present the calculated trend strength and volume strength on the chart. This visual representation aids traders in making informed decisions based on the identified trends and their strengths.
Volume Strength: A Detailed Explanation
In the context of the provided script, volume strength is a critical component used to assess the strength of a market trend. It provides insights into the level of participation and commitment of market participants, offering a complementary perspective to traditional price-based indicators. Let's delve into the concept and practical applications of volume strength.
Calculation of Volume Strength:
The script calculates volume strength by considering the simple moving averages (SMAs) of volume over different time periods (13, 21, 34, 55, 89). These individual SMAs are then normalized relative to the SMA over a more extended period of 144. The weights assigned to each SMA in the calculation are defined in the variable VCF (Volume Correction Factor).
Calculation of Volume Strength with Weights: The weights assigned to each SMA in this calculation are crucial for emphasizing the significance of shorter-term volume movements relative to a longer-term baseline.
Interpretation of Weights:
The choice of weights reflects the relative importance of shorter-term volume movements compared to longer-term trends. In this script, shorter-term SMAs (13, 21, 34, 55, 89) are assigned decreasing weights, while the longer-term SMA (144) serves as the baseline.
Shorter-term SMAs with higher weights may have a more immediate impact on the volume strength calculation. This implies that recent changes in volume carry more weight in assessing the current market conditions.
The decreasing weights for shorter-term SMAs might indicate that, as the timeframe lengthens, the significance of recent volume movements diminishes in relation to the longer-term trend. This approach allows for a focus on both short-term volatility and longer-term stability in volume patterns.
The purpose of normalization is to emphasize the current volume's significance in comparison to its historical context. This can help identify abnormal volume spikes or sustained increases in trading activity, which may indicate the strength or weakness of a trend.
Interpretation and Practical Use:
Confirmation of Trend:
Rising volume during an uptrend can validate the strength of the upward movement, suggesting that a significant number of market participants are actively buying. Conversely, decreasing volume during an uptrend might indicate weakening interest and a potential reversal.
In a downtrend, increasing volume on downward price movements reinforces the strength of the trend. A decrease in volume during a downtrend may suggest a potential weakening or exhaustion of the downward momentum.
Divergence Analysis:
Divergence occurs when there is a disagreement between the price movement and the corresponding volume. For example, if prices are rising but volume is declining, it could signal a lack of conviction in the upward movement, and a reversal might be imminent.
Conversely, if prices are falling, but volume is decreasing as well, it might suggest that the downward momentum is losing steam, and a potential reversal or consolidation could be on the horizon.
In conclusion, volume strength analysis provides traders with a powerful tool to gauge the conviction behind price movements. By incorporating volume data into the technical analysis, one can make more informed decisions, enhance trend identification, and improve risk management strategies.
Fiboborsa+BistTitle: "Fiboborsa+Bist Indicator for TradingView"
Description: The "Fiboborsa+Bist" indicator is a powerful tool designed for TradingView users. This indicator offers a comprehensive set of technical indicators to assist you in your technical analysis and trading decisions.
Features:
Simple Moving Averages (SMA): You can enable or disable SMA with different periods (20, 50, 100, 200) to observe different timeframes and trends.
SMA Strategy: Use SMA crossovers to determine trends. Watch for the 20-period SMA crossing above the 50-period SMA for a bullish signal. For a bearish signal, observe the 50-period SMA crossing below the 100-period SMA.
Exponential Moving Averages (EMA): Similar to SMA, you can enable or disable EMA with different periods (5, 8, 14, 21, 34, 55, 89, 144, 233) for more precise trend analysis.
EMA Strategy: Use EMA crossovers and crossunders for short-term trend changes. A buy signal may occur when the 5-period EMA crosses above the 14-period EMA, while a crossunder suggests a selling opportunity.
Weighted Moving Averages (WMA): Customize WMA settings with various periods (5, 13, 21, 34, 89, 144, 233, 377, 610, 987) to suit your trading style.
WMA Strategy: Use WMA crossovers to verify trends. When the 13-period WMA crosses above the 34-period WMA, it may indicate an uptrend.
Buy and Sell Signals: The indicator provides buy and sell signals based on EMA crossovers and crossunders. Strong signals are also highlighted.
EMA Buy and Sell Strategy: Make informed trading decisions using buy and sell signals generated by EMA crossovers and crossunders.
Ichimoku Cloud: You can enable the Ichimoku Cloud for a clear visual representation of support and resistance levels.
Ichimoku Strategy: Use the Ichimoku Cloud to determine trend direction. Entering long positions is common when the price is above the cloud and considering short positions when it's below the cloud. Verify the trend with the Chikou Span.
Bollinger Bands: Easily visualize price volatility by enabling the Bollinger Bands feature.
Bollinger Bands Strategy: Bollinger Bands help you visualize price volatility. Look for potential reversal points when the price touches or crosses the upper or lower bands.
Use the "Fiboborsa+Bist" indicator to enhance your trading strategies and make informed decisions in the dynamic world of financial markets.
Additional Information:
Bollinger Bands: Bollinger Bands are a technical analysis tool used to monitor price volatility and determine overbought or oversold conditions. This indicator consists of three components:
Middle Moving Average (SMA): Typically, a 20-day SMA is used.
Upper Band: Calculated by adding two times the standard deviation to the SMA.
Lower Band: Calculated by subtracting two times the standard deviation from the SMA.
As the price moves between these two bands, it becomes possible to identify potential buying or selling points by comparing its height or low with these bands.
Ichimoku Cloud: The Ichimoku Cloud is a comprehensive indicator used for trend identification, defining support and resistance levels, and measuring trend strength. The Ichimoku Cloud comprises five key components:
Tenkan Sen (Conversion Line): Used to identify short-term trends.
Kijun Sen (Base Line): Used to identify medium-term trends.
Senkou Span A (Leading Span A): Calculated as (Tenkan Sen + Kijun Sen) / 2 and shows future support and resistance levels.
Senkou Span B (Leading Span B): Calculated as (highest high + lowest low) / 2 and indicates future support and resistance levels.
Chikou Span (Lagging Line): Enables tracking the price backward.
The Ichimoku Cloud interprets a price above the cloud as an uptrend and below the cloud as a downtrend. The Chikou Span assists in verifying the current trend.
ADDITIONAL STRATEGY WITH RSI AND MACD INDICATORS
**Strategy: Two-Stage Trading Strategy Using RSI, MACD, and Fiboborsa+Bist Indicators**
**Stage 1: Determining the Trend and Selecting the Trading Direction**
1. **Trend Identification with Fiboborsa+Bist Indicator:**
- Analyze the simple moving averages (SMA), exponential moving averages (EMA), and weighted moving averages (WMA) used with the Fiboborsa+Bist indicator. These indicators will provide information about the direction of the market trend.
2. **Identifying Overbought and Oversold Conditions with RSI:**
- Use the RSI indicator to identify overbought (70 and above) and oversold (30 and below) conditions. This helps in measuring the strength of the trend. If RSI enters the overbought zone, a downward correction is likely. If RSI enters the oversold zone, an upward correction is probable.
3. **Evaluating Momentum with MACD:**
- Examine price momentum using the MACD indicator. When the MACD line crosses above the signal line, it may indicate an increasing upward momentum. Conversely, a downward cross can suggest an increasing downward momentum.
**Stage 2: Generating Buy and Sell Signals**
4. **Combining RSI, MACD, and Fiboborsa+Bist Indicators:**
- To generate a buy signal, wait for RSI to move out of the oversold region into an uptrend and for the MACD line to cross above the signal line.
- To generate a sell signal, wait for RSI to move out of the overbought region into a downtrend and for the MACD line to cross below the signal line.
5. **Confirmation with Fiboborsa+Bist Indicator:**
- When you receive a buy or sell signal, use the Fiboborsa+Bist indicator to confirm the market trend. Confirming the trend can strengthen your trade signals.
6. **Setting Stop-Loss and Take-Profit Levels:**
- Remember to manage risk when opening buy or sell positions. Set stop-loss and take-profit levels to limit your risk.
7. **Monitor and Adjust Your Trades:**
- Continuously monitor your trade positions and adjust your strategy as per market conditions.
This two-stage trading strategy offers the ability to determine trends and generate trade signals using different indicators. However, every trading strategy involves risks, so risk management and practical application are essential. Also, it's recommended to test this strategy in a demo account before using it in a real trading account.
Fibonacci Moving Averages Input(FibMAI) Fibonacci Moving Averages Input is a strategy based on moving averages cross-over or cross-under signals. The bullish golden cross appears on a chart when a stock's short-term moving average crosses above its long-term moving average. The bearish death cross appears on a chart when a stock’s short-term moving average, crosses below its long-term moving average. The general market consensus values used are the 50-day moving average and the 200-day moving average.
With the (FibMAI) Fibonacci Moving Averages Input strategy you can use any value you choose for your bullish or bearish cross. For visual display purposes I have a lot of the Fib Moving Averages 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987 shown while hiding the chart candlesticks. But to use this indicator I click on only a couple of MA's to see if there's a notable cross-over or cross-under pattern signal. Then, most importantly, I back test those values into the FibMAI strategy Long or Short settings input.
For example, this NQ1! day chart has it's Long or Short settings input as follows:
Bullish =
FibEMA34
cross-over
FibEMA144
Bearish =
FibEMA55
cross-under
FibSMA144
As you can see you can mix or match 4 different MA's values either Exponential or Simple.
Default color settings:
Rising value = green color
Falling value = red color
Default Visual FibMA settings:
FibEMA's 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, 4181
Default Visual MA settings:
SMA's 50, 100, 150, 200
Default Long or Short settings:
Bullish =
FibEMA34
cross-over
FibEMA144
Bearish =
FibEMA55
cross-under
FibSMA144
EMA cloudsCredits to Ripster47
5-12 ema cloud
34-50 ema cloud
72-89 ema cloud
1H is actually very important on swings + Daily/Weekly Level
5-12 EMA clouds on 1H Tell Trend
34-50 EMA clouds on 1H act as Dynamic Trendlines
72-89 EMA clouds on 3min acts as Dynamic Trendlines
Rally SequencesAnother simple indicator that you can use to get to know the major trends and bull markets. It only uses 4 different exponential moving averages. These are (55, 89, 144, 233)
The correct alignment you should see on the screen should be from top to bottom and from small to large.
Example: 55 should be at the top and 89, 144 and 233 below, respectively. When you see this sequence, it is simple to realize that you are in a major rising trend.
Monthly, weekly, daily and 4-hour periods are ideal. Less than 4 hours, deviations are possible.
Vegas tunnelHi all,
This is the first step in putting together a more comprehensive suite of indicators and strategies based around the original Vegas tunnel method.
You will need to know what that is before trying to use this indicator. I would implore you to take the time to read the document. It's free to the universe and is a very valuable piece of work in my opinion.
Here is the link to the original documentation dl.fxf1.com
This indicator is set up to use the original levels as described by Vegas. Future releases will allow for more custom levels.
A note on the target waves. Vegas gives us the levels of 55, 89 and 233...all in FX pips. You will need to adjust that for your instrument and it is your personal preference. If you are using BTC , you might use $55, $89 etc, for ETH $5.50, $8.90 etc, for S+P 55, 89, 233 or for FX, the number might be 0.0055 etc
The indicator has been left blank so you can fill the target waves in yourself.
A note on the templates
The original template is simply as Vegas described it in his document, change it as you wish
The TD template comes from where I first was introduced to the concept. I can't mention the full source here, but some of you will know to what I am referring to. A massive thanks to TD for all the material they have provided the world.
The HH (Hero Hedge) template is just my way of looking at the wave. It's green when the faster MA is above the slower MA and red for the opposite. It doesn't really mean much, it's just a visual reference. Perhaps you can use it to filter signals if you so wish.
Finally, some of you may notice that I am an amateur coder at best. If you think you can improve or tidy up the code, then by all means, please reach out and collaborate with me.
I am trying to produce something to the benefit of all. I hope this can help you. If it does, then please pay it forward as I am trying to do.
Hero Hedge.
Vegas tunnelHi all,
This is the first step in putting together a more comprehensive suite of indicators and strategies based around the original Vegas tunnel method.
You will need to know what that is before trying to use this indicator. I would implore you to take the time to read the document. It's free to the universe and is a very valuable piece of work in my opinion.
Here is the link to the original documentation dl.fxf1.com
This indicator is set up to use the original levels as described by Vegas. Future releases will allow for more custom levels.
A note on the target waves. Vegas gives us the levels of 55, 89 and 233...all in FX pips. You will need to adjust that for your instrument and it is your personal preference. If you are using BTC , you might use $55, $89 etc, for ETH $5.50, $8.90 etc, for S+P 55, 89, 233 or for FX, the number might be 0.0055 etc
The indicator has been left blank so you can fill the target waves in yourself.
A note on the templates
The original template is simply as Vegas described it in his document, change it as you wish
The TD template comes from where I first was introduced to the concept. I can't mention the full source here, but some of you will know to what I am referring to. A massive thanks to TD for all the material they have provided the world.
The HH (Hero Hedge) template is just my way of looking at the wave. It's green when the faster MA is above the slower MA and red for the opposite. It doesn't really mean much, it's just a visual reference. Perhaps you can use it to filter signals if you so wish.
Finally, some of you may notice that I am an amateur coder at best. If you think you can improve or tidy up the code, then by all means, please reach out and collaborate with me.
I am trying to produce something to the benefit of all. I hope this can help you. If it does, then please pay it forward as I am trying to do.
Hero Hedge.
Multi SMA EMA WMA HMA BB (4x5 MAs Bollinger Bands) Adv MTF - RRBMulti SMA EMA WMA HMA 4x5 Moving Averages with Bollinger Bands Advanced MTF by RagingRocketBull 2019
Version 1.0
This indicator shows multiple MAs of any type SMA EMA WMA HMA etc with BB and MTF support, can show MAs as dynamically moving levels.
There are 4 MA groups + 1 BB group, a total of 4 TFs * 5 MAs = 20 MAs. You can assign any type/timeframe combo to a group, for example:
- EMAs 12,26,50,100,200 x H1, H4, D1, W1 (4 TFs x 5 MAs x 1 type)
- EMAs 8,10,13,21,30,50,55,100,200,400 x M15, H1 (2 TFs x 10 MAs x 1 type)
- D1 EMAs and SMAs 8,10,12,26,30,50,55,100,200,400 (1 TF x 10 MAs x 2 types)
- H1 WMAs 7,77,89,167,231; H4 HMAs 12,26,50,100,200; D1 EMAs 89,144,169,233,377; W1 SMAs 12,26,50,100,200 (4 TFs x 5 MAs x 4 types)
- +1 extra MA type/timeframe for BB
There are several versions: Simple, MTF, Pro MTF, Advanced MTF and Ultimate MTF. This is the Advanced MTF version. The Differences are listed below. All versions have BB
- Simple: you have 2 groups of MAs that can be assigned any type (5+5)
- MTF: +2 custom Timeframes for each group (2x5 MTF) +1 TF for BB, TF XY smoothing
- Pro MTF: 4 custom Timeframes for each group (4x3 MTF), 1 TF for BB, MA levels and show max bars back options
- Advanced MTF: +2 extra MAs/group (4x5 MTF), custom Ticker/Symbols, Timeframe <>= filter, Remove Duplicates Option
- Ultimate MTF: +individual settings for each MA, custom Ticker/Symbols
Features:
- 4x5 = 20 MAs of any type
- 4x MTF groups with XY step line smoothing
- +1 extra TF/type for BB MAs
- 4x5 = 20 MA levels with adjustable group offsets, indents and shift
- supports any existing type of MA: SMA, EMA, WMA, Hull Moving Average (HMA)
- custom tickers/symbols for each group - you can compare MAs of the same symbol across exchanges
- show max bars back option
- show/hide both groups of MAs/levels/BB and individual MAs
- timeframe filter: show only MAs/Levels with TFs <>= Current TF
- hide MAs/Levels with duplicate TFs
- support for custom TFs that are not available in free accounts: 2D, 3D etc
- support for timeframes in H: H, 2H, 4H etc
Notes:
- Uses timeframe textbox instead of input resolution dropdown to allow for 240 120 and other custom TFs
- Uses symbol textbox instead of input symbol to avoid establishing multiple dummy security connections to the current ticker - otherwise empty symbols will prevent script from running
- Possible reasons for missing MAs on a chart:
- there may not be enough bars in history to start plotting it. For example, W1 EMA200 needs at least 200 bars on a weekly chart.
- price << default Y smoothing step 5. For charts with low/fractional prices (i.e. 0.00002 << 5) adjust X Y smoothing as needed (set Y = 0.0000001) or disable it completely (set X,Y to 0,0)
- TradingView Replay Mode UI and Pinescript security calls are limited to TFs >= D (D,2D,W,MN...) for free accounts
- attempting to plot any TF < D1 in Replay Mode will only result in straight lines, but all TFs will work properly in history and real-time modes. This is not a bug.
- Max Bars Back (num_bars) is limited to 5000 for free accounts (10000 for paid), will show error when exceeded. To plot on all available history set to 0 (default)
- Slow load/redraw times. This indicator becomes slower, its UI less responsive when:
- Pinescript Node.js graphics library is too slow and inefficient at plotting bars/objects in a browser window. Code optimization doesn't help much - the graphics engine is the main reason for general slowness.
- the chart has a long history (10000+ bars) in a browser's cache (you have scrolled back a couple of screens in a max zoom mode).
- Reload the page/Load a fresh chart and then apply the indicator or
- Switch to another Timeframe (old TF history will still remain in cache and that TF will be slow)
- in max possible zoom mode around 4500 bars can fit on 1 screen - this also slows down responsiveness. Reset Zoom level
- initial load and redraw times after a param change in UI also depend on TF. For example:
D1/W1 - 2 sec, H1/H4 - 5-6 sec, M30 - 10 sec, M15/M5 - 4 sec, M1 - 5 sec.
M30 usually has the longest history (up to 16000 bars) and W1 - the shortest (1000 bars).
- when indicator uses more MAs (plots) and timeframes it will redraw slower. Seems that up to 5 Timeframes is acceptable, but 6+ Timeframes can become very slow.
- show_last=last_bars plot limit doesn't affect load/redraw times, so it was removed from MA plot
- Max Bars Back (num_bars) default/custom set UI value doesn't seem to affect load/redraw times
- In max zoom mode all dynamic levels disappear (they behave like text)
1. based on 3EmaBB, uses plot*, barssince and security functions
2. you can't set certain constants from input due to Pinescript limitations - change the code as needed, recompile and use as a private version
3. Levels = trackprice implementation
4. Show Max Bars Back = show_last implementation
5. swma has a fixed length = 4, alma and linreg have additional offset and smoothing params
6. Smoothing is applied by default for visual aesthetics on MTF. To use exact ma mtf values (lines with stair stepping) - disable it
Good Luck! You can explore, modify/reuse the code to build your own indicators.
Price Action with MACD Barcolor + Insidebar + Fakey + Key level EMA 89 and Hull MA 89 used to filter trading signals and working as support and resistance.
When both of them are red, market is bearisk, only short.
When both of them are green, market is bullish, only long.
when there is 1 green and 1 red, market is neutral, can short or long.
Enjoy and happy trading!
You can follow me there: www.facebook.com you are welcom!
qEMA 3 LineMy scenario consists of 3 ema lines which are ema 34, ema89, ema 144.
3 ema lines are important in elliott waves:
- A complete elliott wave of 144 waves
- An eliott wave has 89 waves
- In wave with wave, in wave 89 again wave 34 waves
I used to find the waves in elliott, know where the cycle elliott will end up (when the price hit ema144)
Wave Channel 3D Wave Channel 3D
Built by Ricardo idea from JR & Aloakdutt from indieTrades Jan. 2010
This indicator is very easy to build. We utilize Moving Averages with a set multiplier and an offset. Specially we try to use Fibonacci sequence series numbers (1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144...) as time space and multiplier (default 89, 8). Also included is Donchian Channel to locate strong trends and possible future support - resistance.
Examples of support/resistance on chart.
Dominant Price Trends
Future Support Resistance
Comparing Fibonacci Series Time Space - Multiplier
When Comparing make note of confluence support/resistance showing up with Fibonacci Series
Example uses DC
When Comparing make note of confluence support/resistance showing up with Fibonacci Series
Example without DC / Smooth MA
Madrid Trend StrengthThis indicator displays a vector that measures the direction and the strength of a trend. It is based on the Awesome Indicator (AO), the difference is this indicator can be customized to track different moving averages and keep track of either long or short term trends. It displays momentum direction too.
The parameters needed are two mandatory and three optional.
1. Fast MA Length. The length of the fast Moving Average
2. Slow MA Length. The length of the slow Moving Average (SlowMA > FastMA)
3. Signal Length. This is used to display the momentum.
4. Display Signal. Optionally the signal to determine momentum can be displayed as well.
5. Reverse view.
The default parameters are 34-89, but the values depend on which MA pairs you want to study, like 8-21, 21-55, 55-89, 55-144.
How to trade with the MTS indicator
1. Go long when the indicator is green
2. Go short when the indicator is red
3. If MTS is >0 and green : Long position
4. If MTS > 0 and red : entry/exit points. Take profits or scale up
5. If MTS < 0 and red : Short position
6. If MTS < 0 and green : entry/exit points. Take profits or scale up
Momentum Bar:
Lime = an uptrend in progress
Green = Still in uptrend but this signals a weakening trend or a possible reversal
Red = a downtrend in progress
Maroon = Still in downtrend but this signals a weakening trend or a possible reversal
Vegas TunnelThis indicator adds and subtracts fib levels from the moving average. I suppose profits are meant to be taken at certain levels. Additionally, it may help in finding tops and bottoms. There's more info here: www.forexstrategiesresources.com
The fib levels should be changed depending on time frame:
short) 5, 8, 13, 21
intermediate) 34, 55, 89, 144
long) 55, 89, 144, 233
HawkEye EMA Cloud
# HawkEye EMA Cloud - Enhanced Multi-Timeframe EMA Analysis
## Overview
The HawkEye EMA Cloud is an advanced technical analysis indicator that visualizes multiple Exponential Moving Average (EMA) relationships through dynamic color-coded cloud formations. This enhanced version builds upon the original Ripster EMA Clouds concept with full customization capabilities.
## Credits
**Original Author:** Ripster47 (Ripster EMA Clouds)
**Enhanced Version:** HawkEye EMA Cloud with advanced customization features
## Key Features
### 🎨 **Full Color Customization**
- Individual bullish and bearish colors for each of the 5 EMA clouds
- Customizable rising and falling colors for EMA lines
- Adjustable opacity levels (0-100%) for each cloud independently
### 📊 **Multi-Layer EMA Analysis**
- **5 Configurable EMA Cloud Pairs:**
- Cloud 1: 8/9 EMAs (default)
- Cloud 2: 5/12 EMAs (default)
- Cloud 3: 34/50 EMAs (default)
- Cloud 4: 72/89 EMAs (default)
- Cloud 5: 180/200 EMAs (default)
### ⚙️ **Advanced Customization Options**
- Toggle individual clouds on/off
- Adjustable EMA periods for all timeframes
- Optional EMA line display with color coding
- Leading period offset for cloud projection
- Choice between EMA and SMA calculations
- Configurable source data (HL2, Close, Open, etc.)
## How It Works
### Cloud Formation
Each cloud is formed by the area between two EMAs of different periods. The cloud color dynamically changes based on:
- **Bullish (Green/Custom):** When the shorter EMA is above the longer EMA
- **Bearish (Red/Custom):** When the shorter EMA is below the longer EMA
### Multiple Timeframe Analysis
The indicator provides a comprehensive view of trend strength across multiple timeframes:
- **Short-term:** Clouds 1-2 (faster EMAs)
- **Medium-term:** Cloud 3 (intermediate EMAs)
- **Long-term:** Clouds 4-5 (slower EMAs)
## Trading Applications
### Trend Identification
- **Strong Uptrend:** Multiple clouds stacked bullishly with price above
- **Strong Downtrend:** Multiple clouds stacked bearishly with price below
- **Consolidation:** Mixed cloud colors indicating sideways movement
### Entry Signals
- **Bullish Entry:** Price breaking above bearish clouds turning bullish
- **Bearish Entry:** Price breaking below bullish clouds turning bearish
- **Confluence:** Multiple cloud confirmations strengthen signal reliability
### Support/Resistance Levels
- Cloud boundaries often act as dynamic support and resistance
- Thicker clouds (higher opacity) may provide stronger S/R levels
- Multiple cloud intersections create significant price levels
## Customization Guide
### Color Schemes
Create your own visual style by customizing:
1. **Bullish/Bearish colors** for each cloud pair
2. **Rising/Falling colors** for EMA lines
3. **Opacity levels** to layer clouds effectively
### Recommended Settings
- **Day Trading:** Focus on Clouds 1-2 with higher opacity
- **Swing Trading:** Use Clouds 1-3 with moderate opacity
- **Position Trading:** Emphasize Clouds 3-5 with lower opacity
## Technical Specifications
- **Version:** Pine Script v6
- **Type:** Overlay indicator
- **Calculations:** Real-time EMA computations
- **Performance:** Optimized for all timeframes
- **Alerts:** Configurable long/short alerts available
## Risk Disclaimer
This indicator is for educational and informational purposes only. Always combine with proper risk management and additional analysis before making trading decisions. Past performance does not guarantee future results.
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*Enhanced and customized version of the original Ripster EMA Clouds by Ripster47. This modification adds comprehensive color customization and enhanced user control while preserving the core analytical framework.*
ATAI Volume Pressure Analyzer V 1.0 — Pure Up/DownATAI Volume Pressure Analyzer V 1.0 — Pure Up/Down
Overview
Volume is a foundational tool for understanding the supply–demand balance. Classic charts show only total volume and don’t tell us what portion came from buying (Up) versus selling (Down). The ATAI Volume Pressure Analyzer fills that gap. Built on Pine Script v6, it scans a lower timeframe to estimate Up/Down volume for each host‑timeframe candle, and presents “volume pressure” in a compact HUD table that’s comparable across symbols and timeframes.
1) Architecture & Global Settings
Global Period (P, bars)
A single global input P defines the computation window. All measures—host‑TF volume moving averages and the half‑window segment sums—use this length. Default: 55.
Timeframe Handling
The core of the indicator is estimating Up/Down volume using lower‑timeframe data. You can set a custom lower timeframe, or rely on auto‑selection:
◉ Second charts → 1S
◉ Intraday → 1 minute
◉ Daily → 5 minutes
◉ Otherwise → 60 minutes
Lower TFs give more precise estimates but shorter history; higher TFs approximate buy/sell splits but provide longer history. As a rule of thumb, scan thin symbols at 5–15m, and liquid symbols at 1m.
2) Up/Down Volume & Derived Series
The script uses TradingView’s library function tvta.requestUpAndDownVolume(lowerTf) to obtain three values:
◉ Up volume (buyers)
◉ Down volume (sellers)
◉ Delta (Up − Down)
From these we define:
◉ TF_buy = |Up volume|
◉ TF_sell = |Down volume|
◉ TF_tot = TF_buy + TF_sell
◉ TF_delta = TF_buy − TF_sell
A positive TF_delta indicates buyer dominance; a negative value indicates selling pressure. To smooth noise, simple moving averages of TF_buy and TF_sell are computed over P and used as baselines.
3) Key Performance Indicators (KPIs)
Half‑window segmentation
To track momentum shifts, the P‑bar window is split in half:
◉ C→B: the older half
◉ B→A: the newer half (toward the current bar)
For each half, the script sums buy, sell, and delta. Comparing the two halves reveals strengthening/weakening pressure. Example: if AtoB_delta < CtoB_delta, recent buying pressure has faded.
[ 4) HUD (Table) Display /i]
Colors & Appearance
Two main color inputs define the theme: a primary color and a negative color (used when Δ is negative). The panel background uses a translucent version of the primary color; borders use the solid primary color. Text defaults to the primary color and flips to the negative color when a block’s Δ is negative.
Layout
The HUD is a 4×5 table updated on the last bar of each candle:
◉ Row 1 (Meta): indicator name, P length, lower TF, host TF
◉ Row 2 (Host TF): current ↑Buy, ↓Sell, ΔDelta; plus Σ total and SMA(↑/↓)
◉ Row 3 (Segments): C→B and B→A blocks with ↑/↓/Δ
◉ Rows 4–5: reserved for advanced modules (Wings, α/β, OB/OS, Top
5) Advanced Modules
5.1 Wings
“Wings” visualize volume‑driven movement over C→B (left wing) and B→A (right wing) with top/bottom lines and a filled band. Slopes are ATR‑per‑bar normalized for cross‑symbol/TF comparability and converted to angles (degrees). Coloring mirrors HUD sign logic with a near‑zero threshold (default ~3°):
◉ Both lines rising → blue (bullish)
◉ Both falling → red (bearish)
◉ Mixed/near‑zero → gray
Left wing reflects the origin of the recent move; right wing reflects the current state.
5.2 α / β at Point B
We compute the oriented angle between the two wings at the midpoint B:
β is the bottom‑arc angle; α = 360° − β is the top‑arc angle.
◉ Large α (>180°) or small β (<180°) flags meaningful imbalance.
◉ Intuition: large α suggests potential selling pressure; small β implies fragile support. HUD cells highlight these conditions.
5.3 OB/OS Spike
OverBought/OverSold (OB/OS) labels appear when directional volume spikes align with a 7‑oscillator vote (RSI, Stoch, %R, CCI, MFI, DeMarker, StochRSI).
◉ OB label (red): unusually high sell volume + enough OB votes
◉ OS label (teal): unusually high buy volume + enough OS votes
Minimum votes and sync window are user‑configurable; dotted connectors can link labels to the candle wick.
5.4 Top3 Volume Peaks
Within the P window the script ranks the top three BUY peaks (B1–B3) and top three SELL peaks (S1–S3).
◉ B1 and S1 are drawn as horizontal resistance (at B1 High) and support (at S1 Low) zones with adjustable thickness (ticks/percent/ATR).
◉ The HUD dedicates six cells to show ↑/↓/Δ for each rank, and prints the exact High (B1) and Low (S1) inline in their cells.
6) Reading the HUD — A Quick Checklist
◉ Meta: Confirm P and both timeframes (host & lower).
◉ Host TF block: Compare current ↑/↓/Δ against their SMAs.
◉ Segments: Contrast C→B vs B→A deltas to gauge momentum change.
◉ Wings: Right‑wing color/angle = now; left wing = recent origin.
◉ α / β: Look for α > 180° or β < 180° as imbalance cues.
◉ OB/OS: Note labels, color (red/teal), and the vote count.
◉Top3: Keep B1 (resistance) and S1 (support) on your radar.
Use these together to sketch scenarios and invalidation levels; never rely on a single signal in isolation.
[ 7) Example Highlights (What the table conveys) /i]
◉ Row 1 shows the indicator name, the analysis length P (default 55), and both TFs used for computation and display.
◉ B1 / S1 blocks summarize each side’s peak within the window, with Δ indicating buyer/seller dominance at that peak and inline price (B1 High / S1 Low) for actionable levels.
◉ Angle cells for each wing report the top/bottom line angles vs. the horizontal, reflecting the directional posture.
◉ Ranks B2/B3 and S2/S3 extend context beyond the top peak on each side.
◉ α / β cells quantify the orientation gap at B; changes reflect shifting buyer/seller influence on trend strength.
Together these visuals often reveal whether the “wings” resemble a strong, upward‑tilted arm supported by buyer volume—but always corroborate with your broader toolkit
8) Practical Tips & Tuning
◉ Choose P by market structure. For daily charts, 34–89 bars often works well.
◉ Lower TF choice: Thin symbols → 5–15m; liquid symbols → 1m.
◉ Near‑zero angle: In noisy markets, consider 5–7° instead of 3°.
◉ OB/OS votes: Daily charts often work with 3–4 votes; lower TFs may prefer 4–5.
◉ Zone thickness: Tie B1/S1 zone thickness to ATR so it scales with volatility.
◉ Colors: Feel free to theme the primary/negative colors; keep Δ<0 mapped to the negative color for readability.
Combine with price action: Use this indicator alongside structure, trendlines, and other tools for stronger decisions.
Technical Notes
Pine Script v6.
◉ Up/Down split via TradingView/ta library call requestUpAndDownVolume(lowerTf).
◉ HUD‑first design; drawings for Wings/αβ/OBOS/Top3 align with the same sign/threshold logic used in the table.
Disclaimer: This indicator is provided solely for educational and analytical purposes. It does not constitute financial advice, nor is it a recommendation to buy or sell any security. Always conduct your own research and use multiple tools before making trading decisions.
Trend CandlesTrend Candles
Overview
The Trend Candles indicator is a simple yet effective tool designed to help traders visually identify the prevailing market trend. By combining candle coloring with a trend-based Exponential Moving Average (EMA), it enhances chart readability and makes trend-following strategies easier to apply.
Concepts
Exponential Moving Average (EMA): The EMA is a moving average that places more weight on recent price data. It reacts faster to price changes compared to a Simple Moving Average (SMA), making it well-suited for trend detection.
Trend Determination:
- If the EMA is rising (current EMA > previous EMA), the market is considered bullish.
- If the EMA is falling (current EMA < previous EMA), the market is considered bearish.
- If the EMA is flat (no significant change), no trend color is applied.
Candle Coloring:
- Green candles = Uptrend
- Purple candles = Downtrend
- Default candles = Sideways/Flat EMA
Features
- Trend Visualization: Candles automatically change color based on EMA slope, making it easy to spot bullish and bearish phases.
- Customizable EMA Length: The trader can set the EMA period (default is 50), allowing flexibility for short-term or long-term trend analysis.
- Overlay EMA Line: An orange EMA line is plotted on the chart for additional confirmation of the trend.
- Clean & Minimalist: Focuses on trend clarity without cluttering the chart with unnecessary signals.
How to Use
1. Apply the indicator to your chart.
2. Adjust the EMA Length as per your trading style (shorter = faster signals, longer = smoother trend).
3. Follow the candle color:
- Green = Favor long entries.
- Purple = Favor short entries.
- No color = Stay cautious, as trend is unclear.
4. Use with other confirmation tools (support/resistance, volume, or oscillators).
5. Users are encouraged to experiment with different EMA lengths. The default length is 50, but you can explore other values based on your needs. In particular, try Fibonacci numbers such as 13, 21, 34, 55, 89, 144, and 233 to observe how trends behave differently.
Disclaimer
The information provided by the Trend Candles indicator is for educational purposes only. It should not be considered financial advice. Trading involves substantial risk, and past performance is not necessarily indicative of future results. Always do your own research and use risk management practices.
VWAP Suite {Phanchai}VWAP Suite {Phanchai}
Compact, readable, TradingView-friendly.
What is VWAP?
The Volume Weighted Average Price (VWAP) is the average price of a period weighted by traded volume. It’s used as a fair-value reference (mean) and resets at the start of each new period.
Included VWAP Modes
Session — resets each trading day (current session).
Week / Month / Quarter / Year — current calendar periods.
Anchored Week / Month / Quarter / Year — starts at the beginning of the previous completed period.
Rolling 7D / 30D / 90D — rolling windows: today + last 6/29/89 daily sessions.
Important
This suite does not generate buy/sell signals. It provides structure and confluence; decisions remain yours.
Use Cases
Identify fair-value zones / mean-reversion areas.
Plan TP / SL around periodic VWAPs.
Define DCA levels (e.g., anchored to prior week/month).
Gauge trend bias via VWAP slope and reactions.
How to Use
Inputs → VWAP 1..5: Choose the period per slot (Session, Anchored, Rolling, etc.) and toggle Show .
Sources: Select the price source for all VWAPs (default: HLC3).
Global: Line offset (bars) shifts plots visually (does not affect calculations).
Style tab: Adjust per-line colors, thickness, and line style.
Alerts
Price crosses a VWAP (per slot).
VWAP slope turns UP or DOWN (per slot).
Tips & Notes
Volume required: Poor/absent volume (e.g., some FX tickers) can degrade accuracy.
Anchored modes: Start at the prior period’s open; values appear only after that timestamp.
Rolling modes: Use completed daily sessions (including today).
Clutter control: If labels crowd, increase Line offset or hide unneeded slots.
Confluence: Combine with market structure, liquidity zones, or momentum filters for stronger context.
Built for clear VWAP workflows. Trade safe!
SONIC R BREAK FINAL (VER5)
Purpose: Capture breakouts through Support/Resistance (S/R) zones based on Pivot and filter signals using EMA 34 (High/Low/Close), EMA 89, volume, and candle structure. Includes a Higher Timeframe (H4) RSI risk warning (visual only, does not block entries).
How it works
S/R zones from Pivot
Draws Resistance and Support using ta.pivothigh/ta.pivotlow with Left/Right Bars.
S/R lines are locked with offset to reduce repaint.
EMA trend filters
EMA34 High/Low/Close build a “EMA 34 band”.
EMA89 works as the main trend filter.
Trend conditions:
Long: close above all EMA34 High/Low/Close and EMA89.
Short: close below all EMA34 High/Low/Close and EMA89.
Volume filter (optional)
Signal valid only if Volume > SMA(Volume, n).
Wick filter
Each wick (upper/lower) ≤ 50% of candle range to avoid weak breakouts.
Higher TF RSI risk (H4)
Fetches RSI from a higher timeframe (default H4).
If RSI exceeds threshold, breakout labels turn gray (risk warning only).
Anti-repeat mechanism
Each new pivot resets trigger.
Each S/R level triggers only once until the next pivot is formed.
Signals & Alerts
Label “B” (green) below candle: breakout above Resistance, valid EMA/Volume/Wick conditions.
Label “S” (red) above candle: breakout below Support, valid EMA/Volume/Wick conditions.
Gray labels = H4 RSI risk warning.
Unified alert: “S/R Breakout (Unified)” with message B=Buy, S=Sell, Gray=Risk.
Parameters
Show Breaks: toggle breakout detection.
Left/Right Bars: pivot sensitivity.
Require Volume > Average + Volume MA Length: volume filter.
Use H4 RSI Risk Warning: enable higher TF RSI check.
RSI Length, Higher TF (minutes), RSI thresholds for Buy/Sell risk.
Usage tips
Prioritize trades in the same direction as EMA89 and EMA34 trend.
Works on M5 to H4; best combined with RSI H4 when trading M15/M30.
Place SL behind the S/R just broken, TP by fixed RR or EMA trailing.
Increase Left/Right Bars for stronger zones and less noise in sideways markets.
Notes
Pivot still has repaint element (mitigated by offset).
This indicator is not financial advice. Always combine with proper risk management.
Version
Clean v4: added wick ≤50% filter, H4 RSI risk coloring, volume filter, anti-repeat pivot trigger, unified alert, EMA34 H/L/C background shading.
Squeeze Momentum Regression Clouds [SciQua]╭──────────────────────────────────────────────╮
☁️ Squeeze Momentum Regression Clouds
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🔍 Overview
The Squeeze Momentum Regression Clouds (SMRC) indicator is a powerful visual tool for identifying price compression , trend strength , and slope momentum using multiple layers of linear regression Clouds. Designed to extend the classic squeeze framework, this indicator captures the behavior of price through dynamic slope detection, percentile-based spread analytics, and an optional UI for trend inspection — across up to four customizable regression Clouds .
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⚙️ Core Features
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Up to 4 Regression Clouds – Each Cloud is created from a top and bottom linear regression line over a configurable lookback window.
Slope Detection Engine – Identifies whether each band is rising, falling, or flat based on slope-to-ATR thresholds.
Spread Compression Heatmap – Highlights compressed zones using yellow intensity, derived from historical spread analysis.
Composite Trend Scoring – Aggregates directional signals from each Cloud using your chosen weighting model.
Color-Coded Candles – Optional candle coloring reflects the real-time composite score.
UI Table – A toggleable info table shows slopes, compression levels, percentile ranks, and direction scores for each Cloud.
Gradient Cloud Styling – Apply gradient coloring from Cloud 1 to Cloud 4 for visual slope intensity.
Weight Aggregation Options – Use equal weighting, inverse-length weighting, or max pooling across Clouds to determine composite trend strength.
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🧪 How to Use the Indicator
1. Understand Trend Bias with Cloud Colors
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Each Cloud changes color based on its current slope:
Green indicates a rising trend.
Red indicates a falling trend.
Gray indicates a flat slope — often seen during chop or transitions.
Cloud 1 typically reflects short-term structure, while Cloud 4 represents long-term directional bias. Watch for multi-Cloud alignment — when all Clouds are green or red, the trend is strong. Divergence among Clouds often signals a potential shift.
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2. Use Compression Heat to Anticipate Breakouts
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The space between each Cloud’s top and bottom regression lines is measured, normalized, and analyzed over time. When this spread tightens relative to its history, the script highlights the band with a yellow compression glow .
This visual cue helps identify squeeze zones before volatility expands. If you see compression paired with a changing slope color (e.g., gray to green), this may indicate an impending breakout.
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3. Leverage the Optional Table UI
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The indicator includes a dynamic, floating table that displays real-time metrics per Cloud. These include:
Slope direction and value , with historical Min/Max reference.
Top and Bottom percentile ranks , showing how price sits within the Cloud range.
Current spread width , compared to its historical norms.
Composite score , which blends trend, slope, and compression for that Cloud.
You can customize the table’s position, theme, transparency, and whether to show a combined summary score in the header.
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4. Analyze Candle Color for Composite Signals
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When enabled, the indicator colors candles based on a weighted composite score. This score factors in:
The signed slope of each Cloud (up, down, or flat)
The percentile pressure from the top and bottom bands
The degree of spread compression
Expect green candles in bullish trend phases, red candles during bearish regimes, and gray candles in mixed or low-conviction zones.
Candle coloring provides a visual shorthand for market conditions , useful for intraday scanning or historical backtesting.
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🧰 Configuration Guidance
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To tailor the indicator to your strategy:
Use Cloud lengths like 21, 34, 55, and 89 for a balanced multi-timeframe view.
Adjust the slope threshold (default 0.05) to control how sensitive the trend coloring is.
Set the spread floor (e.g., 0.15) to tune when compression is detected and visualized.
Choose your weighting style : Inverse Length (favor faster bands), Equal, or Max Pooling (most aggressive).
Set composite weights to emphasize trend slope, percentile bias, or compression—depending on your market edge.
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✅ Best Practices
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Use aligned Cloud colors across all bands to confirm trend conviction.
Combine slope direction with compression glow for early breakout entry setups.
In choppy markets, watch for Clouds 1 and 2 turning flat while Clouds 3 and 4 remain directional — a sign of potential trend exhaustion or consolidation.
Keep the table enabled during backtesting to manually evaluate how each Cloud behaved during price turns and consolidations.
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📌 License & Usage Terms
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This script is provided under the Creative Commons Attribution-NonCommercial 4.0 International License .
✅ You are allowed to:
Use this script for personal or educational purposes
Study, learn, and adapt it for your own non-commercial strategies
❌ You are not allowed to:
Resell or redistribute the script without permission
Use it inside any paid product or service
Republish without giving clear attribution to the original author
For commercial licensing , private customization, or collaborations, please contact Joshua Danford directly.
