Volume HeatMap Divergence [BigBeluga]🔵 OVERVIEW
The Volume HeatMap Divergence is a smart volume visualization tool that overlays normalized volume data directly on the chart. Using a color heatmap from aqua to red, it transforms raw volume into an intuitive scale — highlighting areas of weak to intense market participation. Additionally, it detects volume-based divergences from price to signal potential reversals or exhaustion zones. Combined with clear visual labeling, this tool empowers traders with actionable volume insights.
🔵 CONCEPTS
Normalized Volume Heatmap : Volume is normalized to a 0–100% scale and visually represented as candles below the chart.
float vol = volume / ta.percentile_nearest_rank(volume, 1000, 100) * 100
Bar Coloring : Price candles are dynamically colored based on volume intensity.
Volume Divergence Logic :
Bullish Divergence : Price forms a lower low, but volume forms a higher low.
Bearish Divergence : Price forms a higher high, but volume forms a lower high.
Dynamic Detection Range : Customizable range ensures divergence signals are meaningful and not random.
Volume Labels : Additional info on divergence bars shows both the actual volume and its normalized % score.
🔵 FEATURES
Volume Heatmap Plot : Normalized volume values colored using a smooth gradient from aqua (low) to red (high).
Price Bar Coloring : Candlesticks on the main chart adopt the same heatmap color based on volume.
Divergence Detection :
Bullish divergence with label and low marker
Bearish divergence with label and high marker
Dual Divergence Labels :
On the volume plot : Direction (Bull/Bear), raw volume, and normalized %
On the price chart : Shape labels showing "Bull" or "Bear" at local highs/lows
Custom Inputs :
Divergence range (min & max), pivot detection distance (left/right)
Toggle to show/hide divergence labels, volume, and % text
Clear Bull/Bear Coloring : Fully customizable label and line colors for both bullish and bearish signals.
🔵 HOW TO USE
Use the indicator as an overlay to monitor real-time volume strength using the heatmap color.
Watch for divergence markers:
Bullish divergence: Candle shows higher volume while price makes a new low
Bearish divergence: Candle shows lower volume while price makes a new high
Use the volume info labels to verify the context of divergence:
Actual volume at divergence candle
Normalized % of that volume compared to past 1000 bars
Adjust pivot sensitivity using "Pivot Left" and "Pivot Right" to tune signal frequency and lag with a right pivot length.
Use divergence zones as early warnings for potential reversals or trend shifts.
Disable or customize labels in settings depending on your charting preferences.
🔵 CONCLUSION
Volume HeatMap Divergence merges heatmap-style volume visualization with intelligent divergence detection — giving traders a clean yet powerful edge. By revealing hidden disconnections between price and participation, it helps users spot exhaustion moves or hidden accumulation zones before the market reacts. Whether you’re a scalper, swing trader, or intraday strategist, this tool offers real-time clarity on who’s in control behind the candles.
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PCCE + False Breakout DetectorPCCE + False Breakout Detector
Type: Invite-Only Indicator (closed source)
Purpose : Detect price compression and the first expansion after it, while flagging failed breakouts (bull/bear traps) for risk control.
1) What’s original here!
This tool integrates three behaviour-driven tests that work in a single decision flow:
A compression score built from:
(a) monotonic body shrink,
(b) wick-dominance, and
(c) relative range contraction versus history.
This is not a bands/oscillator port; it’s a structure-first filter that isolates coils.
A thrusted expansion requirement that combines real-body impulse and relative-volume participation (+ optional EMA alignment) to qualify a breakout beyond the coil envelope.
An immediate post-breakout failure test (trap logic) that checks whether the breakout re-enters the prior swing range within a short window.
Used together, these steps turn raw breaks into contextual, risk-aware events: setup → trigger → validation. That is the value of the combination.
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2) Concepts behind the calculations:
Let body_t = |close_t − open_t|,
uw_t = high_t − max(open_t, close_t) (upper wick),
lw_t = min(open_t, close_t) − low_t (lower wick),
R_t(k) = highest(high, k)_t − lowest(low, k)_t (range over k bars),
MA_body(k) = SMA(body, k), MA_vol(k) = SMA(volume, k).
2.1 Compression (coil) detection
We evaluate within a window k = coilLength:
• Body shrink count: number of consecutive steps where body_(t−i) < body_(t−i−1).
• Wick dominance: AvgWickBody = avg( (uw + lw) / body ) over the window; require AvgWickBody > wickRatioMin.
• Relative range contraction: current R_t(k) must be less than α × avg( R_(t−j)(k) ) computed over a lookback of rangeWindow windows, with α < 1 (tight market).
When all three are true, we mark a coil zone; the coil bounds are High_coil = highest(high, k), Low_coil = lowest(low, k).
2.2 Expansion (“Burst”) confirmation
A breakout is only qualified when all hold on bar close:
• Direction: close > High_coil → up; close < Low_coil → down.
• Body thrust: body_t > MA_body(k) × bodyMult.
• Participation: volume_t > MA_vol(k) × volumeMultiplier.
• Trend alignment (optional): close_t > EMA(emaLen) for up / < EMA for down.
• Cooldown: t − lastSignal > cooldownBars.
If satisfied, print Burst↑ or Burst↓ on that bar.
2.3 Failed breakout (trap) detection
Let H_s and L_s be the prior swing high/low from a lookback rangeLookback (excluding the current bar). Define:
• Bull break attempt: a bar that closed above H_s.
Bull trap: within fakeoutBars bars after that attempt, any close returns below H_s. Mark ❌ red above that bar.
• Bear break attempt: a bar that closed below L_s.
Bear trap: within fakeoutBars bars after that attempt, any close returns above L_s. Mark ❌ green below that bar.
Alerts fire on bar close only.
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3) What you’ll see on the chart
• Coil box: shaded envelope (tight-range bounds).
• Burst labels: Burst↑ / Burst↓ only when thrust + volume (and optional EMA) confirm the break.
• Trap markers: ❌ red (failed bullish breakout) / ❌ green (failed bearish breakout).
• Alerts: “Burst Up” and “Burst Down” (close-based).
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4) How to use it
1. Preparation : When a coil box appears, mark the bounds; expect expansion risk to rise.
2. Trigger : Act only on Burst labels (they already encode body/volume thrust and optional trend).
3. Validation : If a ❌ trap prints shortly after a breakout, treat it as a warning/exit event; breakouts that re-enter the prior swing range are statistically fragile.
4. Context : Works well on 15m–4H where structure is visible. Combine with your own higher-timeframe bias, S/R, liquidity pools, and risk rules.
5. Tuning :
• Tighten/loosen coil sensitivity via coilLength, wickRatioMin, and the range contraction factor.
• Use larger bodyMult / volumeMultiplier to demand stronger breaks.
• cooldownBars controls clustering in fast sessions.
• rangeLookback and fakeoutBars control how strict the trap check is.
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5) Repainting, scope, and limitations
• Burst and trap labels are evaluated on bar close; once printed, they do not repaint. Coil boxes can update while forming; they stabilize once conditions are met.
• Sudden news/illiquid periods can defeat filters; adjust multipliers and cooldown for your instrument.
• This is an indicator, not a strategy; it does not publish PnL, win-rate, or forward promises.
Composite Bull-Bear Dominance IndexNote: CREDITS: This is based on the Up Down Volume Indicator (published in Trading View) and Elder Ray Index (Bull Bear Power).
The Composite Bull Bear Dominance Index (CBBDI) is a indicator that combines up down volume analysis with Bull and Bear Power to provide a comprehensive view of market dynamics. It calculates Z-scores for up down volume delta and bull bear power measures, averages them, and then smoothes the result using Weighted Moving Average (WMA) for Bull and Bear Power and Volume Weighted Moving Average (VWMA) for Up and Down Volume Delta. The advantages include responsiveness to short-term trends, noise reduction through weighting, incorporation of volume information, and the ability to identify significant changes in buying and selling pressure. The indicator aims to offer clear signals for traders seeking insights into overall market dominance and indicate if the bulls or the bears have the upper hand.
Volume Analysis (Up/Down Volume Delta):
Up/Down Volume Delta reflects the net difference between buying and selling volume, providing insights into the prevailing market sentiment.
Positive Delta: Indicates potential bullish dominance due to higher buying volume.
Negative Delta: Suggests potential bearish dominance as selling volume surpasses buying volume.
Price Analysis (Bull and Bear Power):
Bull and Bear Power measure the strength of buying and selling forces based on price movements and the Exponential Moving Average (EMA) of the closing price.
Positive Bull Power: Reflects bullish dominance, indicating potential upward momentum.
Positive Bear Power: Suggests bearish dominance, indicating potential downward momentum.
Composite Bull Bear Dominance Index (CBBDI):
CBBDI combines the standardized Z-scores of Up/Down Volume Delta and Bull Bear Power, providing an average measure of both volume and price-related dominance.
Positive CBBDI: Indicates an overall bullish dominance in both volume and price dynamics.
Negative CBBDI: Suggests an overall bearish dominance in both volume and price dynamics.
Smoothing Techniques:
The use of Weighted Moving Average (WMA) for smoothing Bull and Bear Power Z-scores, and Volume Weighted Moving Average (VWMA) for smoothing Up/Down Volume Delta, reduces noise and provides a clearer trend signal.
Smoothing helps filter out short-term fluctuations and emphasizes more significant trends in both volume and price movements.
Color Coding:
CBBDI values are color-coded based on their direction, visually representing the prevailing market sentiment.
Green Colors: Positive values indicate potential bullish dominance.
Red Colors: Negative values suggest potential bearish dominance.
Bull Bear Indicator (BBI)/Introduction
The Bull Bear Indicator (BBI) identifies bull market conditions and bear market conditions for equity investors so they can avoid missing a bull market or getting caught in a bear market.
/Signals
There are two signals:
1. Bull Market Alert - This indicates prices of stocks in the broader market are rising.
2. Bear market Alert - This indicates prices of stocks in the broader market are falling.
Both signals are indicated by a background colour and an upward/downward triangle. A green background and an upward green triangle below the bar signifies an environment of rising prices. A red background and a downward red triangle above the bar indicates an environment of falling prices.
Lack of a coloured background indicates a transition period from Bull to Bear or Bear to Bull conditions. The transitions may be rapid during periods of high volatility.
/Construction
The indicator is constructed using market breadth, price action and moving averages.
1.Market Breadth:
Definition: Market breadth refers to the number of stocks advancing versus the number declining in the stock market. It provides insight into the overall health and strength of a market move.
Use in Identifying Bull/Bear Markets:
Bull Market Indicators: In a bull market, market breadth is typically strong, with a large number of stocks advancing. This indicates widespread participation in the market rally, confirming the strength and sustainability of the upward trend.
Bear Market Indicators: Conversely, in a bear market, market breadth weakens, with more stocks declining than advancing. This suggests that the downward movement is broad-based across the market, reinforcing the bearish sentiment.
How the indicator does this: The number of stocks in a bullish/bearish trend is counted and normalised to a percentage to determine what percentage of stocks in the overall market are bullish/bearish.
2. Price Action:
Definition: Price action involves the study of historical price movements to predict future price direction. It includes analyzing patterns, trends, and the reactions of prices to certain levels (like support and resistance).
Use in Identifying Bull/Bear Markets:
Bull Market Indicators: In a bull market, price action typically shows higher highs and higher lows, indicating an ongoing upward trend. The reaction to support levels is often strong, with prices bouncing off these levels.
Bear Market Indicators: In a bear market, the price action is characterized by lower highs and lower lows. Prices tend to break through support levels and bounce off resistance levels, reflecting the dominant downward trend.
3. Trend Analysis:
Definition: Trend analysis involves identifying the direction and strength of market movements. This was done using moving averages.
Use in Identifying Bull/Bear Markets:
Bull Market Indicators: A bull market is often identified by upward-sloping trendlines and prices consistently staying above key moving averages.
Bear Market Indicators: In a bear market, the trendlines slope downwards, and prices remain below key moving averages.
How the indicator does this: The average closing prices of the largest capitalised stocks and their intermediate trend is assessed relative to their moving averages, the moving average combines price action and trend because it is simply the average closing price over time.
/Originality
This indicator is simple and effective in that it uses multiple factors to assess the market environment. Market breadth gives an overview of the participation level in the market trend, price action helps identify specific patterns and reactions to key levels indicating a bull or bear market, and trend analysis provides a macro view of the market direction and its strength. Combining these tools can gives a comprehensive picture of the market environment and help in distinguishing between bull and bear markets. The market environments are boldly marked out through background colours and triangle markers. The indicator performance is only valid from 2002 to date because the market breadth data used is not available before this date.
Why market Market breadth: Because it takes into account all the stocks in the market, this is essential in identifying the level of participation in a trend.
Why moving averages: Because it ensures that the price action and overall trend of the stocks can be monitored over a given lookback period
So together, moving average/price action + market breadth = trend + participation
Note:
The indicator has no predictive power, performance described here does not guarantee future results. Equity markets are particularly volatile and prone to cycles, and individual psychology can significantly affect indicator interpretation. Price data may also vary across exchanges.
/Settings
The parameters are fixed and there is no room for optimisation however, style settings can be modified by the user.
/Tickers
The BBI indicator is ticker agnostic but best viewed on a 1 day chart of the SPY.
Flag FinderFlag Finder Indicator is a technical analysis tool to identify bull and bear flags.
What are flags
Flags are continuation patterns that occur within the general trend of the security. A bull flag represents a temporary pause or consolidation before price resumes it's upward movement, while a bear flag occurs before price continues its downward movement.
Both flag patterns consist of two components:
The Pole
The Flag
The pole is the initial strong upward surge or decline that precedes the flag. The pole is usually a fast move accompanied by heavy volume signaling significant buying or selling pressure.
The flag is then formed as price consolidates after the initial surge or decline from the pole. For a bull flag price will drift slightly downward to sideways, a bear flag will drift upward to sideways. The best flags often see volume dry up during this phase of the pattern.
Indicator Settings
Both components are fully customizable in the indicator so the user can adjust for any time frame or volatility. Select the minimum and maximum accepted limits from the % gain loss required for the pole, the maximum acceptable flag depth or rally and the minimum and maximum number of bars for each component.
Colors and what components are visible at any time are also user controlled.
Trading flags
Traders typically use flags to enter on breakouts. A breakout occurs when price moves above the left side high of a bull flag or below the left side low of a bear flag.
Alerts
The Flag Finder allows for four different types of alerts
New Bull Flag
New Bear Flag
Bull Flag Breakout
Bear Flag Breakout
Pine Script
On top of the indicator identifying bull and bear flags, throughout the source code I left notes on nearly every line to help anyone who is interested in pine script see my thought process and explain which each line of code does. This code isn't too complex, but it offers a look into many different concepts one might use when writing pinescript such as:
input groups
declaring and reassigning variables
for loops
plotshapes & lines
alerts
Lune Oscillator Premium⬛️ Overview
Lune Oscillator is an advanced and innovative TradingView indicator designed to enhance your market analysis. Rather than merely improving visuals or merging traditional indicators, it introduces a series of unique features, each with its unique value proposition. This script stands out due to its originality, and the significant utility it brings to traders.
🟦 Features
Oscillator features an assortment of sophisticated tools aimed at refining your trading strategies:
🔹 Trend Oscillator: This feature integrates market trend and momentum analysis into one dynamic oscillator. It's designed to facilitate market trend and momentum analysis, and is invaluable to traders as it combines both trend and momentum analysis into one tool. For instance, if a ticker shows signs of slowing momentum after a recent rally, the Trend Oscillator could predict a potential trend reversal. The Trend Oscillator’s sensitivity and velocity settings can be tailored to suit your trading style and strategy. It is developed using a custom formula similar to WaveTrend but optimized for better detection of trend and momentum shifts.
🔹 Market Peak: Market Peak identifies potential market peaks and troughs using a percentile-based system. It's aimed at detecting overextensions in the Trend Oscillator, indicating potential market reversals. Compact and user-friendly, this feature signals potential trade exit points in case of an impending market reversal. Its sensitivity can be adjusted to react to either short-term or long-term market changes. By analyzing the market's average move, it detects overbought or oversold conditions when the percentage gets too extreme.
🔹 Money Pulse: The Money Pulse feature serves as a radar for money inflow or outflow, helping users detect nascent trends and reversals. It enables traders to spot early opportunities and reversals and align their strategies with institutional and large players. For example, a bullish Money Pulse during market consolidation could signal money influx and the beginning of an accumulation phase. The sensitivity of the Market Pulse can be adapted to short-term or long-term changes. This feature employs an improved version of the Money Flow concept.
🔹 Liquidity Pulse: Liquidity Pulse provides a unique perspective of asset liquidity by tracking market inflow and outflow volumes. It assists traders in understanding the market's liquidity sentiment, which is particularly useful for long-term trades and confluence. For instance, a bullish Liquidity Pulse could signal abundant liquidity, potentially driving up the price. The sensitivity setting can be adjusted for short-term or long-term liquidity changes. This feature utilizes an enhanced version of the On-Balance Volume concept.
🔹 Institutional Wave: This feature tracks the cumulative inflow and outflow for a specific ticker, helping traders monitor institutional money flows. It enables the analysis of a ticker's accumulation and distribution, assisting in detecting early trade entries and avoiding dumps. For example, a decrease in volume during consolidation after a price rally could indicate sell-off and potential price drop. The Institutional Wave's sensitivity can be adapted to either short-term or long-term changes. It operates on the Accumulation and Distribution concept.
🔹 Power Wave: The Power Wave evaluates market strength and momentum, indicating market power shifts. It helps traders understand the true power behind a market move. For instance, a decreasing Power Wave during a bullish move could indicate a weakening trend, suggesting a bearish strategy instead. The sensitivity of the Power Wave can be set for short-term or long-term market changes. The Power Wave calculates market strength by evaluating price change volatility.
🔹 Market Pressure: This feature detects shifts in buy and sell pressure, signaling potential turning points. It helps traders understand the power balance in the market. For example, a bullish Market Pressure shift during a short trade could suggest a momentum gain by bulls, indicating a trade exit. The Market Pressure's sensitivity can be adjusted for short-term or long-term changes. This feature uses volume data and moving averages to detect market pressure shifts, filtering out false and volatile signals.
🔹 Oscillator Copilot: Incorporating Smart Bias and Reversal Radar, the Oscillator Copilot helps identify market trends and potential reversals. It searches for confluence within multiple Oscillator features, providing a straightforward assistive tool. For example, a bullish Smart Bias signal during a long trade could suggest staying in the trade longer, while a bearish Reversal Radar signal could indicate the need to exit the trade.
🔹 Divergence Detection: This feature offers a sophisticated detection system for both regular and hidden market divergences, providing additional confluence and highlighting hard-to-detect divergences. For instance, a bullish Regular Divergence could signal a potential trade entry or exit depending on your overall market sentiment and bias. This feature uses fractals to effectively detect divergences in the market based on the Trend Oscillator.
🔹 Color Themes: Personalize your charting experience with various color themes. This feature enhances the visual appeal of your chart, offering easy setup and use. For example, use the “Ice” theme for a unique and colorful experience or the “Dark” theme for a more subdued look. Themes available include Default, Light, Dark, and Ice. This feature modifies the colors of your candles and features based on the selected theme.
These features and tools collectively offer a comprehensive solution for traders to understand and navigate the financial markets. It's important to remember that they are designed to assist in making informed trading decisions and should be used as part of a balanced trading strategy.
🟧 Usage
Lune Oscillator's features are designed to be both standalone tools and components of a larger, integrated trading strategy. It is important to understand each feature and experiment with different configurations to best suit your unique trading needs.
🔸 Example #1: The following demonstrates how the Oscillator Copilot can be an excellent trade assistant.
The Oscillator Copilot leverages multiple Lune Oscillator features, allowing traders to quickly assess overall market sentiment. It uses Smart Bias and Reversal Radar tools to deliver these insights. For instance, at point 1, a bullish Smart Bias (denoted by a green circle) represents a collective bullish sentiment from multiple components of Lune Oscillator, often leading to a price increase. Conversely, at point 2, we identify two bearish reversal signals from the Reversal Radar (highlighted by red triangles). This convergence of bearish signals from multiple components hints at a potential market reversal, often followed by a gradual price decline.
🔸 Example #2: This example shows how the Market Peak feature can aid in detecting potential market tops and bottoms.
Market Peak calculates how overbought or oversold a ticker is using a percentile system, offering insights into potential reversals. At points 1 and 2, we observe bearish Market Peaks suggesting overbought conditions and indicating a possible shift in trend. Subsequent to these peaks, we witness a price drop, mirroring the overbought market conditions. In contrast, at point 3, a bullish Market Peak suggests an oversold market, indicating a potential trend reversal and subsequent price increase.
🔸 Example #3: This is an example of how combining various features such as the Money Pulse, Liquidity Pulse, Institutional Wave, and Market Peak, can help make more informed trades.
Money Pulse and Liquidity Pulse provide insights into the money and liquidity flow in the market, respectively, while the Institutional Wave monitors the cumulative volume shifts and changes. Together with Market Peak, they offer a comprehensive view of the market's state.
At point 1, the positive Liquidity Wave (crossing above 0) suggests a bullish market volume. At point 2, a bullish Market Pressure indicates an increase in buying pressure, reinforcing the bullish sentiment. At point 3, a negative Liquidity Wave (crossing below 0) indicates a bearish sentiment, suggesting that market participants are exiting their positions. The concurrent Market Pressure hints at an increase in selling activity. Taking all these factors into account provides a strong indicator that the market sentiment has turned bearish.
🟥 Conclusion
Lune Oscillator aims to provide a suite of tools that bring unique value to traders. Each feature is designed to offer different, yet complementary, perspectives on the market, allowing users to piece together a more comprehensive understanding of their trading environment.
🔻 Access
You can see the Author's instructions below to get instant access to this indicator & our Premium Suite.
🔻 Disclaimer
Lune Oscillator is a tool for aiding in market analysis and is not a guarantee of future market performance or individual trading success. We strongly recommend that users combine our tool with their trading strategies and do their due diligence before making any trading decisions.
Remember, past performance is not indicative of future results. Please trade responsibly.
Bulls v BearsThis script helps you identify the relative strength of bulls and bears in the market. It calculates the difference between the high and the moving average for bulls, and the difference between the moving average and the low for bears. Then it normalizes the values between -100 and 100 using the highest and lowest values of the last "bars back" periods. This allows you to compare the current strength of bulls and bears relative to their historical strength.
The output of the script is a colored column chart that represents the difference between the normalized bulls and bears values. If the chart is mostly green, it means the bulls are currently stronger than the bears, and vice versa for a mostly red chart. Additionally, the script provides bullish and bearish signals based on when the normalized bulls cross above or below the user-defined "Line Height" value.
You can use this script to help you identify potential trend changes in the market, as well as to confirm existing trends.
MFI + RSI + MOM With Bull & Bear Trend LabelMOMENTUM + MONEY FLOW INDEX + RELATIVE STRENGTH INDEX WITH BULL & BEAR LABELS
This is a combination of 3 popular indicators. Momentum(MOM), Money Flow Index(MFI) and Relative Strength Index(RSI) along with color changing labels that tell you each indicator's current trend.
The middle white line shows the level that each indicator needs to stay above to be bullish and below for bearish. Watch for all three indicators to cross and hold above or below the mid line for big moves.
It is important to note that these indicators do not need to be going up to be bullish or down to be bearish. They just need to hold above or below the mid line to understand the overall trend.
The momentum indicator is the most relevant in my opinion. If it is holding above the mid line steadily, usually the overall trend will continue upwards so look to buy the dips if the momentum cloud is staying above the white line and vice versa.
It is also important to note that the default settings for this indicator are the 100 period as I find it to be super relevant across most charts but these numbers can be changed in the indicator settings.
Since momentum swings wildly past the normal 0-100 range, it is important to note that the momentum line has been “normalized” to stay within this same range as the rsi and mfi. So if you look at a normal momentum indicator side by side with this indicator it will not look the same however, I find it to be a very good indicator of overall direction so I know the current market sentiment even when price is diverging from the indicator directions.
All of the colors, sources and lengths can be easily customized in the indicator settings input tab.
***HOW TO USE***
When Momentum is above the mid line, it is bullish. When Momentum is below the mid line, it is bearish.
A label on the right side will update in real time to tell you if momentum is Bullish or Bearish for faster recognition of the trend.
When RSI is above the mid line, it is bullish. When Momentum is below the mid line it is bearish.
A label on the right side will update in real time to tell you if RSI is Bullish or Bearish for faster recognition of the trend.
When MFI is above the mid line, it is bullish. When MFI is below the mid line it is bearish.
A label on the right side will update in real time to tell you if MFI is Bullish or Bearish for faster recognition of the trend.
This indicator was built to help you quickly identify the Bullish or Bearish nature of the current trend with a live color changing label so you can glance at the label and understand it's direction without analyzing the indicator data.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This mom + mfi + rsi indicator can be used on all timeframes.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Directional Movement Index, Volume Profile, Auto Support And Resistance and Money Flow Index in combination with this indicator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
M.Right Bulls-V-Bears -Tug-of-War- SquidGame Themed(cc)Hello Traders,
I've decided to finally release an indicator I've spent several hours working to get just right and as far as I know, there isn’t one as accurate. And.... decided to add a little Squid Game theme to it just for fun.
……"The game is Tug of War, the side that pulls the rope from the middle to their side wins. Let the game begin."……
This indicator is not a typical one.
1) It shows visually when Bull volume or Bear volume is ‘pulling the rope to their side’.
2) It uses several different formulas to get an accurate read on the level of volume, but still keeps peaks and troughs within 100 for easy reading.
3) Update: It was originally meant to be used strictly with other indicators, but it can now be used as a standalone indicator.
Legend:
1) The top line signals give the major signals –
a. Red cross = Bearish volume strength and continuation.
b. Green cross = Bullish volume strength and continuation.
i. + Green Dot inside enhances signal.
ii. + Red Dot inside weakens signal.
c. Blue circle = Can indicate the beginning of a reversal to the upside or downside.
d. Pink circle = Can indicate the beginning of a reversal to the downside.
2) The Bottom signals are triggered when one circle-rope crosses over the other, these signals give confirmation to the top line signals – Red bearish / Green bullish.
3) As shown on the chart, the Reversal setup usually consists of a blue circle, followed by a red or green cross, then confirmation from the bottom signal.
4) Without the signals: green obviously is Bullish especially above the threshold set --Red bearish. The regular rope gives trend indication.
I've added tooltips to make it easy to understand, feel free to leave a comment if you still have a question!
Features:
-Tooltips (hover over - Info) for understanding.
-Works well on all timeframes; even 5min, I made a tooltip for recommended lengths.
-Customizable Signals; with the ability to turn on and off.
-Reversal signals: Pink and Blue circles can indicate reversals coming.
-Works well as a leading standalone indicator.
-Adjustable top signal row.
-Highlight background.
-Alerts
-Rules added (hover over).
Cheers,
Mike
bulls vs bear for VSA(Google translation from Russian.)
This indicator is based on the efficiency of bulls and bears for VSA and has the same parameters.
Its only difference is that all the values of the efficiency of bulls and bears for VSA indicator are sequentially added here.
I want to note that the Period spread - Bars from close to close argument was made for experimental purposes, and shows interesting results for values 3-4-5, in theory this is not very logical. Because then the estimate of the spread for this interval (3-4-5) will be divided by the estimate of the volume of the current bar.
Also added here is a moving average with a default period of 10 - theoretically, if the indicator is above the moving average - the initiative is behind the bulls - if below - the initiative is behind the bears.
It is recommended to use this indicator with the indicator:
efficiency of bulls and bears for VSA
Volume on bar VSA - indicator V2
Russian language.
Этот индикатор сделан на основе efficiency of bulls and bears for VSA и имеет такие же параметры.
Единственное отличие его в том, что тут последовательно складываются все значения индикатора efficiency of bulls and bears for VSA .
Хочу отметить, что аргумент Period spread - Bars from close to close (Период спреда - Баров от закрытия до закрытия) сделан в экспериментальных целях, и показывает интересные результаты на значения 3-4-5, в теории это не очень логично. Потому-что тогда будет делиться оценка спреда за этот интервал (3-4-5), на оценку величины объема текущего бара.
Также тут добавлена скользящая средняя с периодом по умолчанию 10 – теоретически, если индикатор над скользящей средней – инициатива за быками – если ниже – инициатива за медведями.
Это индикатор рекомендуется использовать с индикатором:
efficiency of bulls and bears for VSA
Volume on bar VSA - indicator V2
Bull vs Bear Power by DGTElder-Ray Bear and Bull Power
Dr. Alexander Elder cleverly named his first indicator Elder-Ray because of its function, which is designed to see through the market like an X-ray machine. Developed in 1989, the Elder-Ray indicator can be applied to the chart of any security and helps traders determine the strength of competing groups of bulls and bears by gazing under the surface of the markets for data that may not immediately be ascertainable from a superficial glance at prices
The Elder-Ray indicator is comprised by three elements – Bear Power, Bull Power and a 13-period Exponential Moving Average.
As the high price of any candle shows the maximum power of buyers and the low price of any candle shows the maximum power of sellers, Elder uses the 13-period EMA in order to present the average consensus of price value. Bull power shows whether buyers are capable of pushing prices above the average consensus of value. Bear power shows whether sellers are capable of pushing prices below the average consensus of value. Mathematically, Bull power is the result of subtracting the 13-period EMA from the high price of the day, and Bear power is the result of subtracting the 13-period EMA from the low price of the day.
What does this study implements
Attempts to customize interpretation of Alexander Elder's Elder-Ray Indicator (Bull and Bear Power) by
• adding additional insights to support/confirm Elder’s strategy with different indicators related with the Elder’s concept
• providing different options of visualization of the indicator
• providing smoothing capability
Other Indicators to support/confirm Elder-Ray Indicator:
Colored Directional Movement Index (CDMI) , a custom interpretation of J. Welles Wilder’s Directional Movement Index (DMI) , where :
DMI is a collection of three separate indicators ( ADX , +DI , -DI ) combined into one and measures the trend’s strength as well as its direction
CDMI is a custom interpretation of DMI which presents ( ADX , +DI , -DI ) with a color scale - representing the trend’s strength, color density - representing momentum/slope of the trend’s strength, and triangle up/down shapes - representing the trend’s direction. CDMI provides all the information in a single line with colored triangle shapes plotted on the top. DMI can provide quality information and even trading signals but it is not an easy indicator to master, whereus CDMI simplifies its usage.
Alexander Elder considers the slope of the EMA, which gives insight into the recent trend whether is up or down, and CDMI adds additional insight of verifying/confirming the trend as well as its strength
Note : educational content of how to read CDMI can be found in ideas section named as “Colored Directional Movement Index”
different usages of CDMI can be observed with studies “Candlestick Patterns in Context by DGT", “Ichimoku Colored SuperTrend + Colored DMI by DGT”, “Colored Directional Movement and Bollinger Band's Cloud by DGT”, and “Technical Analyst by DGT”
Price Convergence/Divergence , if we pay attention to mathematical formulations of bull power, bear power and price convergence/divergence (also can be expressed as price distance to its ma) we would clearly observe that price convergence/divergence is in fact the result of how the market performed based on the fact that we assume 13-period EMA is consensus of price value. Then, we may assume that the price convergence/divergence crosses of bull power, or bear power, or sum of bull and bear power could be considered as potential trading signals
Additionally, price convergence/divergence visualizes the belief that prices high above the moving average or low below it are likely to be remedied in the future by a reverse price movement
Alternatively, Least Squares Moving Average of Price Convergence/Divergence (also known as Linear Regression Curve) can be plotted instead of Price Convergence/Divergence which can be considered as a smoothed version of Price Convergence/Divergence
Note : different usages of Price Convergence/Divergence can be observed with studies “Trading Psychology - Fear & Greed Index by DGT”, “Price Distance to its MA by DGT”, “P-MACD by DGT”, where “Price Distance to its MA by DGT” can also be considered as educational content which includes an article of a research carried on the topic
Options of Visualization
Bull and Bear Power plotted as two separate
• histograms
• lines
• bands
Sum of Bull and Bear Power plotted as single
• histogram
• line
• band
Others
Price Convergence/Divergence displayed as Line
CDMI is displayed as single colored line of triangle shapes, where triangle shapes displays direction of the trend (triangle up represents bull and triangle down represent bear), colors of CDMI displays the strength of the trend (green – strong bullish, red – strong bearish, gray – no trend, yellow – week trend)
In general with this study, color densities also have a meaning and aims to displays if the value of the indicator is falling or growing, darker colors displays more intense move comparing to light one
Note : band's upper and lower levels are calculated by using standard deviation build-in function with multiply factor of 0.236 Fibonacci’s ratio (just a number for our case, no any meaning)
Smoothing
No smoothing is applied by default but the capability is added in case Price Convergence/Divergence Line is assumed to be used as a signal line it will be worth smoothing the bear, bull or sum of bear and bull power indicators
Interpreting Elder-Ray Indicator, according to Dr. Alexander Elder
Bull Power should remain positive in normal circumstances, while Bear Power should remain negative in normal circumstances. In case the Bull Power indicator enters into negative territory, this implies that sellers have overcome buyers and control the market. In case the Bear Power indicator enters into positive territory, this indicates that buyers have overcome sellers and control the market. A trader should not go long at times when the Bear Power indicator is positive and he/she should not go short at times when the Bull Power indicator is negative.
13-period EMAs slope can be used in order to identify the direction of the major trend. According to Elder, the most reliable buy signals are generated, when there is a bullish divergence between the Bear Power indicator and the price (Bear Power forms higher lows, while the market forms lower lows). The most reliable sell signals are generated, when there is a bearish divergence between the Bull Power indicator and the price (Bull Power forms lower highs, while the market forms higher highs).
There are four basic conditions, required to go long or short, with the use of the Elder-Ray method alone.
In order to go long:
1. The market is in a bull trend, as indicated by the 13-period EMA
2. Bear Power is in negative territory, but increasing
3. The most recent Bull Power top is higher than its prior top
4. Bear Power is going up from a bullish divergence
The last two conditions are optional that fine-tune the buying decision
In order to go short:
1. The market is in a bear trend, as indicated by the 13-period EMA
2. Bull Power is in positive territory, but falling
3. The most recent Bear Power bottom is lower than its prior bottom
4. Bull Power is falling from a bearish divergence
The last two conditions are optional, they provide a stronger signal for shorting but they are not absolutely essential
If a trader is willing to add to his/her position, he/she needs to:
1. add to his/her long position, when the Bear Power falls below zero and then climbs back into positive territory
2. add to his/her short position, when the Bull Power increases above zero and then drops back into negative territory.
note : terminology of the definitions used herein are as per TV dictionary
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
Disclaimer : The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Bull Vs Bear: (Scalping Signal Generator)A useful indicator for scalpers who try to make profits out of small price movements intraday basis. I reckon with the combination of this indicator with other trading tools short term traders might gain some further trading edge in the market. The beauty of this indicator is that it tells any traders in a glance that what current market sentiment outlook is with those beautiful tiny bears and bulls character. The indicator has been created by the fusion of Exponential Moving Average (EMA) and Moving Average Convergence Divergence (MACD) with conjunction to normal arithmetic conditional calculations. It is especially for the short term traders (scalper/scalping) who rely on the short price changes throughout the day on any financial market assets class. The purpose of this indicator is to serve a short term trader buy or sell signals which we can clearly see through the sweet character "Bull" which indicates the "Long/Buy" signal where character "Bear" indicates "Short/Sell" signal. One can immediately trade when the signal is generated and must switch the direction without any delay if the opposite direction signal has emerged so as not to get caught in potential risk or even loses. This indicator can also be used for midterm trade so there are no limits in the scope for use of this indicator and it all depends on users who need to test and feel on multiple timeframes and different financial assets class. It supports the alert feature too so a user can activate it to stay aware of new signals by receiving notification on every new signal generation. In the end, nothing is guaranteed in the financial market, and profits and losses are part of games so to avoid any losses or trade wisely this indicator should be used in conjunction with other useful trading tools in this way the odds should increase with a good trading edge in the market.
GA - Trend WavesIntroduction
GA - Trend Waves (GA Waves) is a Trend Productivity Tool.
Its main purpose is to follow the trend for its entire duration, marking trend variations.
Besides, it highlights Buying and Selling Waves, and Wave Segments.
GA Waves plots the beginning of Buying and Selling Waves, including Wave Segments. It can favor the Main Trend or the Buying-Selling Wave.
This means that the Algorithm can highlight Waves Segments favoring the trend continuation. In the same way, it can highlight Wave Segments riding any wave for its entire duration.
The core of the tool is a set of mathematical functions that discretize the market behavior. These functions define the trend progression and its variations. They discretize buying-selling waves and their wave segments, for short-term and long-term tracking.
As well, the Algorithm includes the strengthens and weakness in the Bullish-Bearish Momentum.
By default, GA Trend Waves shows a colored envelope. It is around a particular curve that discretizes the main trend.
This curve is the Underlying Trend. It is not slow and it follows the trend changes with a high accuracy. The curve is green when the trend is bullish. Instead, the red color marks the curve when the trend is bearish.
The envelope around the underlying trend curve is a control tool. It has 2 important uses:
1 - It defines volatility boundaries on the Underlying Trend. The Algorithm uses these boundaries to reduce the uncertainty.
2 - It shows green and red areas highlighting Buying and Selling Waves in the trend.
Together with the Underlying Trend there is the Overlying Trend. By default, it is not visible on the chart. But it colors the price line.
The Overlying Trend is a short-term curve. It is very fast. The Algorithm uses this curve to define Wave Segments.
The Overlying Trend follows the segmentation of a buying-selling wave with high accuracy.
This accuracy is possible because each curve formula includes weighted moving averages. Each formula uses a recursive application of weighted moving averages.
Overlying and Underlying Trend takes advantages from the calculation of weighted moving averages. The advantage is the high precision even with a very short period.
Then, Overlaying and Underlying Trends are fast curves. They fit at the best their respective trend variations.
The Overlying Trend and the Underlying Trend with its envelope are Stochastic Series.
GA Trend Waves itself does not trigger an entry or an exit. But its indications highlight beginning, continuation, and ending of Buying-Selling Waves. This happens considering also the Trend Momentum and the Price Extension.
Buying-Selling Wave IN Points are the discretization of the trend variations. They show how Accumulation-Distribution Points sustain a Bullish or a Bearish Trend. These particular points mark the beginning of the new wave. In the same way, they show also the ending of the previous wave.
Buying-Selling Wave Segments are discretization of the wave variations. They show strength and weakness of the wave, changing the price line color by green or red. Besides, the Algorithm highlights Wave Segments that favor the continuation of the wave.
The user can choose to plot indications of Buying-Selling Wave Segments in 2 ways:
1 - Following the Trend Momentum.
2 - Following the Buying-Selling Wave.
For a fast trading, the user can get advantage from the opportunities that the wave can offer. But for the purpose to follow the trend, the user can ride waves, according to the trend direction.
The Overlying Trend discretize the Wave Segments, from the beginning to the end of the Wave. Instead, the Underlying Trend discretize the Bullish-Bearish Trend and its momentum.
GA Trend Waves on the Chart Pane - Main Features
GA Trend Waves in its Pane
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Important Note
The GA Trend Waves purpose is to understand the nature of trend activity. If there is no trend, it would not be useful.
But GA Waves is an adaptive tool. It can work following Buying Waves and Selling Waves in the development of a Trading Area. Then, if the trading area is large enough, in relation to the contest, it can show relevant wave segments.
In any case, Traders should not attempt to make it work in conditions to which it does not work at the best. In this condition, the experience of the trader is the most valuable tool.
I restrict access to the tool. Use the links in my signature field to gain access to the script. Feel free to send me a PM for any question.
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Buying-Selling Wave IN Point
GA Waves Algorithm uses a stochastic process to determinate Buying-Selling Wave IN Points. This function has a fast reaction to the trend waves. This is possible because it considers acceleration and deceleration in cyclical time patterns.
The stochastic series returns the beginning of each new wave. But the beginning of a wave is also the ending of the previous wave. Then, following a buying-selling wave, usable for trading, it shows when to exit the market.
Instead, enter the market depends on the wave conditions. Then, the Buying-Selling Wave IN Point is not enough to decide to enter the market. More parameters are necessary.
Bullish-Bearish Wave Segments
The beginning of a Wave Segment highlights the continuation of the wave. The Overlying Trend discretizes the Wave Segmentation. The Algorithm plots the wave segments on the price line. This happens coloring the curve with green or red.
GA Waves highlights the beginning of a Wave Segment according to specific conditions. The visible result is the plotting of relevant points in the chart to show the continuation of the wave. If the Price Extension is too big, the Algorithm skips to plot the wave segments that carries high risk.
Overlying and Underlying Trend Changes and Confirmation
GA Waves highlights changes of the trend using Line, Line Break, Step Line, Circles, and Crosses. The use of Line, Line Break, Step Line, and so on, marks the turning points. In particular, the Underlying Trend confirms the change of the Trend. This changing becomes useful to decide the type of investment to do and pyramiding.
Overlying and Underlying Trend with Envelope
Step Line highlighting Directions and Changes in Underlying and Overlying Trends
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Note: I restrict access to the tool. Use the links in my signature field to gain access to the script. Feel free to send me a PM for any question.
Thank you
Girolamo Aloe
Founder of Profiting Me Finance Analytics
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Disclaimer
Nobody in Girolamo Aloe websites and trading view profile is a Financial Advisor. Nothing therein is intended to be constructed as Financial Advice. The content on his websites is for information and educational purposes only.
Trading carries high risk. You should not invest money that you cannot afford to lose. Past performance is not an indication of future results.
Kai's Bitcoin Bull/Bear staircaseStaircase indicating a long term Bulltrend or a Beartrend
It is optimised for Bitcoin but can be used in any market.
Green = Bulltrend
Red = Beartrend
A crossover with price indicates a switch from bull to bear or vice versa. But one should also keep in mind previous support and resistance to reduce fakeouts.
Most of the time however this is very accurate and it indicates the start of a long term trend.
There is also an aggressive mode (default) or conservative mode setting.
Elder ray ( Bull power and bear power combined )Elder-ray is an indicator named for its similarity to x-rays.
It shows the structure of bullish and bearish
power below the surface of the markets. Elder-ray combines a trend-
following moving average with two oscillators to show when to enter
and exit long or short positions.
A moving average reflects the average consensus of value. The high of
each bar reflects the maximum power of bulls during that bar. The low of
each bar marks the maximum power of bears during that bar.
Elder-ray works by comparing the power of bulls and bears during each
bar with the average consensus of value. Bull Power reflects the maximum
power of bulls relative to the average consensus, and Bear Power the max-
imum power of bears relative to that consensus.
When the high of a bar is above the EMA, Bull Power is positive. When
the entire bar sinks below the EMA, which happens during severe de-
clines, Bull Power becomes negative. When the low of a bar is below the
EMA, Bear Power is negative. When the entire bar rises above the EMA,
which happens during wild rallies, Bear Power becomes positive.
The slope of a moving average identifies the current trend of the mar-
ket. When it rises, it shows that the crowd is becoming more bullish; it is
a good time to be long. When it falls, it shows that the crowd is becoming
more bearish; it is a good time to be short. Prices keep getting away from
a moving average but snap back to it, as if pulled by a rubber band. Bull
Power and Bear Power show the length of that rubber band. Knowing the
“Buy low, sell high” sounds good, but traders and investors seem to have
been more comfortable buying Lucent above 70 than below 7. Perhaps they
are not as rational as the efficient market theorists would like us to believe?
Elder-ray gives rational traders a glimpse into what is going on below the sur-
face of the market.
When the trend, identified by the 22-day EMA, is down and bulls are
under water, the rallies back to the surface mark shorting opportunities
normal height of Bull or Bear Power reveals how far prices are likely to get
away from their moving average before returning. Elder-ray offers one of
the best insights into where to take profits—at a distance away from the
moving average that equals the average Bull Power or Bear Power.
Elder-ray gives buy signals in uptrends when Bear Power turns nega-
tive and then ticks up. A negative Bear Power means that the bar is strad-
dling the EMA, with its low below the average consensus of value. Waiting
for Bear Power to turn negative forces you to buy value rather than chase
runaway moves. The actual buy signal is given by an uptick of Bear Power,
which shows that bears are starting to lose their grip and the uptrend is
about to resume. Take profits at the upper channel line or when a trend-
following indicator stops rising. Profits may be greater if you ride the
uptrend to its conclusion, but taking profits at the upper channel line is
more reliable.
Elder-ray gives shorting signals in downtrends when Bull Power turns
positive and then ticks down. We can identify the downtrend by a declin-
ing daily or weekly EMA. A positive Bull Power shows that the bar is strad-
dling the EMA, with its high above the average consensus of value.
Waiting for Bull Power to turn positive before shorting forces you to sell
at or above value instead of chasing waterfall declines. The actual short-
ing signal is given by a downtick of Bull Power, which shows that bulls
are starting to slip and the downtrend is about to resume. Once short, take
profits at the lower channel line or when the trend-following indicator
stops falling, depending on your style.
Volume Plus (Volume+)View Total Volume, Bull Volume, and/or Bear Volume. View Volume Effectiveness to reveal how Volume has effected the price. View the Moving Average of any of the above metrics, selecting one or more types of moving averages(SMA, EMA, RMA, SWMA, VWMA, WMA, or ALMA). Create nearly infinite crossovers by activating the Secondary Moving Average and choosing a longer or shorter Length. Use the highlighter to quickly filter out noise and focus the events you're searching for, by choosing one or more highlight-scenarios from the Highlighting Menu. Use the Average Amplifier to fine tune your Highlighting results.
Use as an ordinary Volume Indicator
Show the Bullish volume within Total Volume
Show the Bearish volume within Total Volume
Show the Bullish and Bearish volume simultaneously within Total Volume
Create crossovers like this one, Bullish Volume Average with Bearish Volume Average
Show the gas mileage of volume, the Volume Effectiveness
Create crossovers like this, Volume Effectiveness 14 with Volume Effectiveness 60
Use Amplifiers to show things that are usually out of scale with one another, like Volume Effectiveness with Volume
Use the Highlighter to show anything, like here, when Bearish Volume was above average AND Volume Effectiveness was under average
From left to right, the Indicator Values are as follows:
1) Total True Volume (red, green, or gray when viewed alongside Bulls/Bears)
2) Volume Winner - Bulls v/s Bears (red or green)
3) Volume Loser - Bulls v/s Bears (red or green)
4) Volume Effectiveness (blue)
5) Design Spacer - Ignore This (green)
6) Design Spacer - Ignore This (red)
7) Total True Volume Primary Moving Average (dark gray)
8) Total True Volume Secondary Moving Average (dark gray)
9) Inferred Bullish Volume Primary Moving Average (dark green)
10) Inferred Bullish Volume Secondary Moving Average (dark green)
11) Inferred Bearish Volume Primary Moving Average (dark red)
12) Inferred Bearish Volume Secondary Moving Average (dark red)
13) Volume Effectiveness Primary Moving Average (blue)
14) Volume Effectiveness Secondary Moving Average (blue)
Click the sprocket and you'll find the following settings (which are explained below):
Total True Volume - This is your everyday, ordinary volume indicator, a total sum of the volume from each candle.
Inferred Bullish Volume - This subtracts Bearish Volume out of the Total True Volume. But without the bull-volume data from the exchange, we can only forensically infer the bullish volume by evaluating OHLC data to guess what ratio of upward v/s downward movement happened within the candle.
Inferred Bearish Volume - This subtracts Bullish Volume out of the Total True Volume. But without the bear-volume data from the exchange, we can only forensically infer the bearish volume by evaluating OHLC data to guess what ratio of downward v/s upward movement happened within the candle.
Volume Effectiveness - This shows how much price movement occurred for each unit of Volume, by dividing the Price Change of each candle by the Total True Volume of each candle. If this volume were gas-mileage, then Volume would be the gas and Price would be the mileage.
• Inferred Effectiveness - Rather than using the Price Change divided by the Total True Volume, this method of determining Volume Effectiveness uses the Total Price-Mileage divided by the Total True Volume. The Total Price-Mileage is determined by figuring the high minus low, the wick times two, and the tail times two, and ad
Imbalance Volume Trend📌 Imbalance Volume Trend — Fair Value Gaps + Volume Imbalance + Trend Shifts
Imbalance Volume Trend is a price-action-driven indicator that automatically detects Fair Value Gaps (FVGs), measures the volume imbalance inside each gap, and builds a dynamic trend structure based on the sequence and strength of imbalances.
It visualizes the true power behind impulsive moves and provides early signals of potential trend reversals.
🔍 Core Concept
A Fair Value Gap appears when the market moves aggressively in one direction, leaving an “unfair” price zone caused by a strong imbalance between buyers and sellers.
These zones are often revisited by price, providing high-probability trading opportunities.
This indicator not only marks FVGs but also evaluates how strong the imbalance truly was by analyzing buy/sell volume dominance on the breakout candle.
📘 How the Indicator Works
1. Automatic Fair Value Gap Detection
The indicator scans for the classic 3-candle FVG pattern:
Bullish Imbalance
Candle 2 forms the bullish impulse.
A gap remains between the High of Candle 1 and the Low of Candle 3.
The indicator draws a bullish rectangle covering this area.
Bearish Imbalance
Candle 2 forms the bearish impulse.
A gap remains between the Low of Candle 1 and the High of Candle 3.
A bearish rectangle is drawn around the imbalance.
The breakout candle (the middle candle) forms the core of the imbalance and shows the directional expansion of price.
2. Volume Imbalance Percentage (%)
A unique feature of this tool is the calculation of buyer vs seller volume dominance inside each imbalance.
Can analyze lower-timeframe volumes or tick volumes.
The indicator computes how much buyers or sellers dominated during the formation of the FVG.
A colored percentage label appears near every imbalance, showing:
Buyer dominance % for bullish gaps
Seller dominance % for bearish gaps
This helps traders understand the strength of each imbalance.
Often, during late stages of a trend, the percentage value starts to weaken — giving early warning of trend exhaustion.
3. Imbalance-Based Trend Structure
Another powerful component is the Imbalance Trend Engine, which builds a trend direction using consecutive FVGs.
A trend continues as long as new imbalances form in the same direction.
A trend reversal is detected when:
A new imbalance appears in the opposite direction, and
Its body breaks through a specified level of the previous imbalance of the current trend.
When this event occurs, the indicator plots a colored arrow marking the change in Imbalance Trend.
This creates a clean and logical price-action trend model built entirely on institutional-style imbalances.
4. Alerts & Notifications
The indicator supports TradingView alerts for:
New Imbalance Detected
Imbalance Trend Reversal
Multi EMA + Golden Trio Crossover (Bullish & Bearish) by SKL📌 Multi EMA + Golden Trio Crossover (Bullish & Bearish) — by SKL
This indicator plots six key Exponential Moving Averages (EMA 5, 13, 26, 50, 100, 200) and highlights powerful momentum shift signals through the Golden Trio Crossover — a unique setup where EMA 5 crosses both EMA 13 and EMA 26 in the same candle .
It works for both bullish and bearish conditions, making it suitable for intraday, swing, and positional trading.
🔍 What is the Golden Trio Crossover?
A Golden Trio Crossover occurs when:
Bullish: EMA 5 crosses ** above ** EMA 13 *and* EMA 26 in the same candle
Bearish: EMA 5 crosses ** below ** EMA 13 *and* EMA 26 in the same candle
This triple-confirmation crossover often signals:
Early trend reversals
Strong continuation breakouts
Momentum shift points
📈 What This Indicator Includes
1. Six EMA Lines
EMA 5 – Blue
EMA 13 – Green
EMA 26 – Orange
EMA 50 – Black
EMA 100 – Gray
EMA 200 – Red
These EMAs help traders track trend direction, strength, and structure.
🌟 Visual Highlights
Green background → Bullish Golden Trio
Red background → Bearish Golden Trio
Label markers on each signal
“BULL GCO”
“BEAR GCO”
🔔 Alerts Included
You can enable alerts for:
Bullish Golden Trio Crossover
Bearish Golden Trio Crossover
Useful for breakout traders, scalpers, and swing traders.
🎯 How Traders Use This Indicator
Identify early trend shifts
Spot high-probability breakout candles
Confirm entries with multi-EMA confluence
Combine with volume, price action, or RSI for even stronger setups
📌 Notes
Works on all timeframes
Works on all asset classes (Stocks, Indices, Crypto, Forex, Commodities)
Fully automatic signal detection
Bulls vs Bears % BoxBulls vs Bears % Box
What it does
A compact on-chart box that shows the percentage of volume attributed to Bulls vs Bears over a window you choose. It’s a quick market-internals glance: who’s in control right now, by how much, and does the imbalance warrant caution or opportunity.
Why use it
Fast read of intraday momentum and exhaustion.
Confirms trend strength or flags pullback risk when one side dominates.
Works on any symbol/timeframe with volume.
How it works (simple)
The indicator splits each bar’s volume into “bull” or “bear” using one of four rules (you choose):
Tick-Rule (close vs prev close) – responsive in chop (default).
Body (close vs open) – classic candle color approach.
Heikin-Ashi Body – smoother trend read.
VWAP (close vs vwap) – bullish if price is above VWAP on the bar.
Dojis can be split 50/50 (optional). The box then displays the rolling or session-cumulated bull/bear percentages.
Settings
Window:
Session (RTH) – resets each regular session (you can edit hours/days).
Rolling N Bars – moving total over the last N bars.
Direction Rule: Tick-Rule, Body, Heikin-Ashi Body, or VWAP.
Doji Handling: Split doji volume 50/50 (on/off).
Placement: 9 anchors (Top/Middle/Bottom × Left/Center/Right).
Colors: Customize header, background, border, and text (dominant vs sub).
How to read it
Bulls % > Bears % → buyer dominance; trend continuation more likely.
Bears % > Bulls % → seller dominance; watch for lower highs/continuation.
Extreme imbalance (e.g., >60–70% one side) → strong push but also pullback risk soon.
Tip: Pair it with VWAP, your EMA, or structure levels. Use the same window and rule each day for consistency.
Notes & Limitations
Uses volume-based inference, not true bid/ask delta (which TradingView doesn’t provide).
Results vary by rule/window; pick the one that matches your playbook.
Requires symbols/timeframes with volume data.
Best Practices
Intraday futures/indices: Session (RTH) + Tick-Rule is a solid starting point.
Trend trading: try Heikin-Ashi Body for smoother dominance signals.
Mean-reversion: watch for extremes flipping toward balance.
Credits: Built for clarity, speed, and flexibility. Customize colors and placement to fit your layout.
FVG Zones – shrink on fill (bull/bear)Detects classic 3-candle FVGs (ICT definition).
Draws zones as boxes that extend to the right.
On each bar close:
Checks overlap with the current candle.
Shrinks the zone when price wicks into it (bullish: top moves down; bearish: bottom moves up).
Deletes the zone once it’s completely filled/closed.
Inputs: bullish/bearish zone color, border color, and max number of visible FVGs.
Possible extensions:
Multi-timeframe FVGs (e.g. H1 FVGs shown on M5).
Separate limits for bullish and bearish zones.
Alerts for new FVG, partial fill, or closed FVG.
Option “Body only” (ignore wicks when detecting overlap).
Minimum FVG size filter (ticks/ATR).
IL - Inside Bar Detector - v01Indicator: IL - Inside Bar Detector - v01
Product: An Indigo Lynx Indicator
Copyright: © Indigo Lynx, v01, 2025-07-04
Description:
This indicator identifies Inside Bar candlestick patterns, which can signal
consolidation or indecision in the market, often preceding breakouts.
It offers multiple definitions for what constitutes an Inside Bar, an
optional volume filter, and differentiates markers and display for
bullish or bearish closing inside bars.
Features:
- Detects Inside Bar patterns.
- Configurable Inside Bar Definitions (via "Inside Bar Definition" input):
1. "Body (O/C)": Current O/C body within previous O/C body.
2. "Range (H/L - Standard)": Current H/L within previous H/L.
3. "Super (Range & Body)": Requires BOTH conditions.
- Optional Volume Filter: Inside Bar volume < SMA of volume.
- Display Toggles: Separate options to show/hide Bullish closing IBs
and Bearish closing IBs.
- Customizable Visuals: Bar color and optional plotshape markers (differentiated
for bullish/bearish closing inside bars using "BI" and "BRI" text).
- Data Logging: Option to log detected pattern details.
How to Use & Interpret:
- Configure definition, volume filter, and display options.
- Inside Bars are highlighted by bar color if their type (bullish/bearish closing) is enabled.
- Optional shapes: Green up-triangle (BI) for bullish-closing Inside Bars,
Red down-triangle (BRI) for bearish-closing Inside Bars, if enabled.
- Use with other analysis methods for confirmation.
Disclaimer: Trading involves substantial risk of loss and is not suitable for all investors.
Past performance is not indicative of future results.
Bullish Bearish Signal with EMA Color + LabelsThis script generates clear BUY and SELL signals based on a combination of trend direction, momentum, and confirmation from multiple indicators. It is intended to help traders identify strong bullish or bearish conditions using commonly trusted tools: EMA 200, MACD, and RSI.
🔍 How it works:
The strategy combines three key elements:
EMA 200 Trend Filter
Identifies the long-term trend:
Price above EMA200 → Bullish trend bias
Price below EMA200 → Bearish trend bias
The EMA line is color-coded:
🔵 Blue for bullish
🔴 Red for bearish
⚪ Gray for neutral/unclear
MACD Crossover
Detects shifts in market momentum:
Bullish: MACD line crosses above signal line
Bearish: MACD line crosses below signal line
RSI Confirmation
Adds an extra layer of confirmation:
Bullish: RSI is above its signal line
Bearish: RSI is below its signal line
✅ Signal Logic:
BUY Signal appears when:
Price > EMA200
MACD crosses up
RSI > its signal line
SELL Signal appears when:
Price < EMA200
MACD crosses down
RSI < its signal line
Labels will appear on the chart to highlight these events.
🔔 Alerts:
The script includes alerts for both Buy and Sell conditions, so you can be notified in real-time when they occur.
📈 How to Use:
Best used in trending markets.
Recommended for higher timeframes (1H and above).
May be combined with other tools such as support/resistance or candlestick analysis.
⚠️ Disclaimer: This script is intended for educational purposes only and does not constitute financial advice or a trading recommendation.
Hippo Battlefield - Bulls VS Bears 20 bars## Hippo Battlefield – Bulls VS Bears (20 Bars)
**What it is**
A multi-dimensional momentum-and-sentiment oscillator that combines classic Bull/Bear Power with ATR- or peak-normalization, then layers on RSI and MACD-derived metrics into:
1. **A colored bar series** showing net Bull+Bear Power strength over the last 20 bars,
2. **A dynamic table** of each of those 20 BBP values (grouped into four 5-bar “quartals”), with symbols, per-bar change, and rolling averages, and
3. **A composite “Weighted BBP” histogram** blending normalized RSI, MACD, and BBP into a single view.
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### Key Inputs
- **Length (EMA)** – look-back for the underlying EMA (default 60)
- **Normalization Length** – look-back window for peak-normalization (default 60)
- **Use ATR for Norm.** – toggle ATR-based normalization vs. highest-abs(BBP)
- **Show Tables** – toggle the bottom-right 21×11 grid of raw and average BBP values
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### What You See
#### 1. Colored Bars (Overlay = false)
- Bars are colored by normalized BBP intensity:
- Extreme Bull (≥+10): deep blue
- Strong Bull (+5 to +10): green/yellow
- Weak Bull (+0 to +5): dark green
- Weak Bear (–0 to –5): dark red
- Strong Bear (–5 to –10): pink/red
- Extreme Bear (<–10): magenta
#### 2. Bottom-Right Table (20 Bars of Data)
- Divided into four columns (0–4, 5–9, 10–14, 15–19 bars ago) and one “average” row.
- Each cell shows:
1. Bar index (1–20),
2. Normalized BBP value (to four decimals),
3. Direction symbol (↑/↓/=),
4. Bar-to-bar change (± value),
5. A separator “|”.
- At the very bottom, each column’s 5-bar average is displayed as “Avg: X.XXXX” with a dot marker.
#### 3. Top-Center Mini-Table
- When ≥20 bars have elapsed, shows the date at 20 bars ago and the average BBP across the full 20-bar window.
#### 4. Normalized RSI Line
- Rescales the classic 14-period RSI into a –20…+20 band to align with BBP.
#### 5. MACD Lines (Hidden) & Composite Histogram
- MACD and signal lines are calculated but not plotted by default.
- A “Weighted BBP” histogram combines:
- 20% normalized RSI,
- 20% average of (MACD + signal + normalized BBP),
- 60% normalized BBP
- Plotted as columns, color-coded by strength using the same palette as the main bars.
#### 6. Middle Reference Line
- A horizontal zero line to anchor over/under-zero readings.
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### How to Use It
- **Trend confirmation**: Strong blue/green bars alongside a rising histogram suggest bull conviction; strong reds/magentas signal bear dominance.
- **Divergence spotting**: Watch for price making new highs/lows while BBP or the histogram fails to follow.
- **Quartal analysis**: The 5-bar group averages can reveal whether recent momentum is accelerating or waning.
- **Cross-indicator weighting**: Because RSI, MACD, and raw BBP all feed into the final histogram, you get a smoothed, blended view of momentum shifts.
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**Tip:** Tweak the EMA and normalization length to suit your preferred timeframe (e.g. shorter for intraday scalps, longer for swing trades). Enable/disable the table if you prefer a cleaner pane.
