Multiple Trend İndicator+ By BD4 different color trend show for weekly, daily and 4 hours.
red : mavilim downtrend, and mavilim below the wma21
orange : mavilim uptrend, and mavilim below the wma21
lime : mavilim downtrend, and mavilim above the wma21
green : mavilim uptrend, and mavilim above the wma21
also on the current chart; u can show current mavilim, weekly wma21, daily wma21 and 4hours wma21.
also you can add code into your frequently used indicator.
I hope this helps you.
sorry i don't know enough english for detailed description. you can try and learn more
Buscar en scripts para "weekly"
Key Levels [@treypeng]Draws horizontal lines for Daily, Hourly (1) and Weekly levels. Really handy to switch on quickly when scalping.
Light blue: Previous hour OHLC
Thick light blue: Previous hour Close / current hour Open
Dark blue: Yesterday OHLC
Thick dark blue: Yesterday Close / today Open
Purple: Weekly Open
It's a bit ugly, I'd prefer horizontal rays instead of lines stretching back across the chart but I couldn't figure out how to do this in PineScript. If I get it sorted, I'll publish an update.
High Time Frame Open Close High Low LevelsGives you the OHLC levels of the weekly and daily candles as levels in whatever timeframe you're on so you can have a macro view in lower timeframes without having to switch timeframes constantly.
You may toggle the visibility of all the daily or weekly levels as well as each individual open/close/high/low.
The line styles and colors are customizable.
Trend Reversal Alerts Strategy [lite]This strategy was created as experimental and after playing around with it, I was able to realize what is a good way to base your strategy on and what is not.
This one is most primitive way and you should not expect gains from it(it's best on the weekly btw).
Anyway, all my attempts to advance this strategy in the end gave me around 1%2% +Net Profit on the hourly timeframe and drastically reduced the Net Profit by 50% on the weekly, so I think it is a waste of my time, but if you feel like you have ideas to share with me, please feel free to comments below!
Simba Bitcoin MomentumMaybe the best to trade Bitcoin on 1D!
Do you want to use it?
You can get access for one week free, after that, the weekly rental costs are 0.1 BTC. When you dont pay accurate the weekly subscription, you will be removed.
Write me an email to simba_cfd@protonmail.com when you want access.
VEGAS tunnel 4hrs - 8c;55hlsimple script for the 4hrs/ weekly Vegas tunnel
weekly script is seperate
MA Study: Different Types and More [NeoButane]A study of moving averages that utilizes different tricks I've learned to optimize them. Included is Bollinger Bands, Guppy (GMMA) and Super Guppy.
The method used to make it MtF should be more precise and smoother than regular MtF methods that use the security function. For intraday timeframes, each number represents each hour, with 24 equal to 1 day. For daily, 3 is 3 day, for weekly, 4 is the 4 weekly, etc. If you're on a higher timeframe than the one selected, the length will not change.
Log-space is used to make calculations work on many cryptos. The rules for color changing Guppy is changed to make it not as choppy on MAs other than EMA. Note that length does not affect SWMA and VWAP and source does not affect VWAP.
A short summary of each moving average can be found here: medium.com
List of included MAs:
ALMA: Arnaud Legoux
Double EMA
EMA: Exponential
Hull MA
KAMA: Kaufman Adaptive
Linear Regression Curve
LSMA: Least Squares
SMA: Simple
SMMA/RMA: Smoothed/Running
SWMA: Symm. Weighted
TMA: Triangular
Triple EMA
VWMA: Volume Weighted
WMA: Weighted
ZLEMA: Zero Lag
VWAP: Vol Weighted Average
Welles Wilder MA
Buy/Sell Strategy Traderspro 21EMA/200SMA & PivotsBuy Signal: If price closes over EMA 21 and SMA 200 and over Montly and weekly pivots.
Sell Signal: If price closes below EMA 21 and SMA 200 and below Montly and weekly pivots.
Use buystops sellstops over signal bar close
For EURUSD Daily Timeframe works better. Check other pairs to see which timeframe has better profits. I apreciate your comments
Inverted Yield Curve with VIX Fear IndexUS 2 year and US 10 year comparison, inverted yield curve with VIX. I use this on a weekly chart with 2 moving averages, the 40 week (ma200 daily) and the 520 week (10 year median).
The bottom histogram is the VIX and the plot is the yield curve. When the VIX is above a certain level (you can set it in settings) and the ýield curve is close to or at inversion the background goes red.
The last seven recessions were preceded by an inverted yield curve. Here I combined the two main fear indexes, the VIX and the run for safe US treasuries (Inverted Yield Curve).
This is preset to the 2 year and 10 year US bond, weekly, and the normal VIX ticker but you can set it to whatever you like.
Published with source code for anyone to modify. Please comment below if you do so! This is the second in a series of indicators I intend to publish as a package of economic recoverty/recession symptom indicators.
Follow me for updates, next one up is commodities with dr Copper and oil!
Automatic Support, Resistance, Fibonacci LevelsThis indicator plots absolute high and low values for up to five completely adjustable time periods (in months, weeks, days, hours, minutes) and optionally calculates the Fibonacci levels on the pair of absolutes of your choice, ascending or descending, and mimics the shading available in the built-in Fib charting tools (e.g. retracement).
Here are a few screenshots of the same chart with various options selected.
3-Month, 4-Week, and 5-Day absolutes with 3-Monthly Fib plotted:
The same chart with 4-Weekly Fib:
The same chart with 5-Daily Fib:
5-Day, 12-Hour, 90-Minute absolutes with 12-Hourly Fib:
Zoomed in, on a 30-minute interval, with 90-minute Fib:
With descending ("inverted") 90-minute Fib:
I started putting this together for Vazzyb, who was looking for a way to automate plotting horizontal support and resistance levels for monthly, weekly, and daily extremes, and then I added additional features as they occurred to me. Special thanks to Paaax, who suggested I add Fib levels.
I am leaving the code open, so you may feel free to grab snippets you like and use them for your own purposes. Of particular interest may be my custom "calc_fib()" function, which accepts any series pair, as well as a Boolean indicating whether to invert, and returns an array with each of the major Fibonacci levels: .
If anyone likes this enough to feel generous, please feel free:
BTC
3KmFchJ18QvMzAJKDcFQXvyK9p1EHWQdhP
BCH
qqtrw64ptuwprk5vtj3z8qwkvh3v0jawxq7khqng7x
ETH
0x9b51361A278910Ba3945C7519C9f0FA8a77df18d
LTC
MDeWWsP7XCG2zQuZ2dYALZXQ52u2qkc8fh
P.S. If you want the time lengths to be as close to accurate as possible, don't forget to change the number of days per week when using for cryptocurrency!
Dual Timeframe SMA Ribbon CrossoverCopyright by RJ 3/2018
Should be used with lower timeframe and higher timeframe charts
First set your chart to the lower timeframe you'd like to analyze
see f.bpcdn.co
For this method, low timeframe/high suitable timeframe pairs are:
5min with 30min parent
15min with 1hr parent
30min with 4hr parent
4hr with daily parent
daily with weekly parent
weekly with monthly parent
On lower timeframe chart - Plot of 2 smas length 6, 1 Offset
If smas cross - and bar crosses the sma convergence, and full body of bar crosses SMAs - then this is a buy or sell opportunity
For confirmation - on the higher timeframe chart, check if bar is above or below the smas for that day
Auto DayWeekMonth Fib Levels R2 by JustUncleLThis indicator automatically draws up to Three Sets of Fibonacci Pivot levels based on the previous Candle period's Range (High-Low). The HLC3 is used as the default Pivotal level. Only the most Recent period Candle Levels are displayed. The longer Weekly and Monthly sets are particularly useful in finding long term Supply and Demand levels.
The three sets of selectable periods are spit into the following sets:
Daily Set (1,2,3,4,5,7,10 or 14 Days)
Weekly Set (1,2,3,4,5,10, or 13 Weeks)
Monthly Set (1,2,3,4,5,6,9 or 12 months)
Each set has the option to display Extension levels.
The Pivotal Level HLC3 and Range = (High - Low), are extracted from previous Period Candle.
FIB LEVELS Colours (same in each period set):
Yellow = Pivot and Pivot Zone (HLC3 by default)
Fuchsia = R1,S1 Levels 0.368 * Range
Lime = R2,S2 Levels 0.618 * Range
Red = R3,S3 Levels 0.786 * Range
Aqua = R4,S4 Levels 1.000 * Range
Green = R5,S5 Levels 1.236 * Range
Orange = R6,S6 Levels 1.382 * Range
Black = R7,S7 Levels 1.618 * Range
Maroon = R8,S8 Levels 2.000 * Range
Pullback Trading Tool R5-65 by JustUncleLBy request this is an updated version of the "PullBack Trading Tool": removes experimental "OCC" channel, added option to display ribbons or just single moving average lines, added alert arrows for "PB" exits, added alertcondition for TV alarm subsystem, added some extract options for Pivot points and general cleanup of code.
Description:
This project incorporates the majority of the indicators needed to analyse and trade Trends for Pullbacks, swings and reversals.
Incorporated within this tool are the following indicators:
1. Major industry (Banks) recognised important EMAs in an EMA Ribbon:
Lime = EMA5 (Optional Display)
DodgerBlue = EMA12 (Optional Display)
Red = EMA36 (Optional display)
Green = EMA89
Blue = EMA200
Black = EMA633
2. The 5 EMA (default) High/Low/Close Price Action Channel (PAC), the PAC channel display is disabled by default.
3. Optionally display Fractals and optional Fractal levels
4. Optional HH, LH, LL, HL finder.
5. Optional Buy/Sell "PB" exit Alerts with Optional 200EMA filter.
6. Coloured coded Bar high lighting based on the PAC:
blue = bar closed above PAC
red = bar closed below PAC
gray = bar closed inside PAC
7. Alert condition sent to TradingView's Alarm subsystem for PB exits.
8. Pivot points with optional labels.
9. EMA5-12 Ribbon is displayed by default.
10.EMA12-36 Ribbon is displayed by default
Set up and hints:
I am unable to provide a full description here, as Pullback Trading incorporates a full trading Methodology, there are a number of articles and books written on the subject.
Set the chart to Heikin Ashi Candles (optional).
I also add a "Sweetspot Gold R3" indicator to the chart as well to help with support and resistance finding and shows where the important "00" lines are.
First on a weekly basis say Sunday night or Monday morning, analyse the Daily and Weekly charts to establish overall trends, and support/resistant levels. Draw significant mini trend lines (2/3 TL), vertical trend lines (VTL) and S/R levels. Can use the Pivots points to guide VTL drawing and Fractals to help guide 2/3 TL drawing.
Once the trend direction and any potential major reversals highlighted, drop down to lower timeframe chart and draw appropriate mini Trend line (2/3 TL) matching the established momentum direction. Take note of potential pull backs from and of the EMAs, in particular the EMA5-12 ribbon, EMA12-36 Ribbon and the 200EMA. Can use the Pivots and/or Fractals points to guide your 2/3 TL drawing.
Set a TradingView alarm on the "PBTOOL alert", with the default settings this normally occurs before or during the Break of the manually drawn TL lines.
Once alerted check to see if the TL is broken and is returning to trend away from the EMA lines, this is indicated by bar colour change to trend directional colour.
You can trade that alert or drop down to even lower time frames and perform the same TL analysis there to find trades at the lower TF. Trading at lower TF you will allow tighter Stop loss settings.
Other than the "SweetSpot Gold R3" indicator, you should not need any other indicator to successfully trade trends for Pullbacks and reversals. If you really want another indicator I suggest a momentum one for example: AO ( Awesome Oscillator ), MACD or Squeeze Momentum.
KK_Average Directional Index (ADX) Higher TFHey guys,
sometimes you just want to plot an Indicator value from a higher Timeframe on your Chart. For most Indicators this is pretty straightforward however there is one Indicator that has been giving me quite a headache while trying to do this: The Average Directional Index . Anyway after going through almost 200 versions of this script I finally found a solution that works and thought I would share this with you, since I'm sure some of you have encountered the same problem.
How it works
Go to your desired Instrument/Timeframe and add the Script
Under Settings in the field for "Higher ADX TF" put the Timeframe-code you want to pull the ADX Values from.
- Codes: Monthly - M, Weekly W, Daily - D
- Codes Intraday: The amount of hours in minutes, e.g. if you want to pull values from the 4h-Chart the code is 240 (60 for 1h, 15 for 15m ...)
In some cases (see below) the calculation might not be correct. So make sure the values are correct:
a) Write down the latest ADX of the higher TF while you are on the lower TF
b) Switch the Resolution to the higher TF
c) Compare the value you have just written down to the next to last value. They should be the same.
d) Switch back the Resolution to the lower TF and you're good to go.
Limitations
You can only pull values from higher Timeframes, e.g. you're on a 4h Chart, so you can only pull values from the Daily, Weekly and Monthly Chart. You can't pull values from the 1h Chart.
You can only pull values from Timeframes, where the higher Timeframe Close always has a corresponding Close on the lower Timeframe, e.g. you can't pull values from the 3h Chart when you are on a 2h Chart. This should be pretty rare.
The Script needs a certain amount of Data from the Higher TF before the calculated values are correct. I have tested this on several Instruments and the Script usually needs approximately 100 Bars on the higher Timeframe (often less) for the values to be correct (error < 1%).
So when the difference between your lower Timeframe and you higher Timeframe is large, e.g. you want to pull the Daily ADX value on a 15m-Chart, the calculation can be wrong. This can lead to errors in 2 Cases:
a) Backtesting: When you go over old data and get close to the last available Bar the Data will be wrong. This will limit the amount of data you can backtest.
b) Live values: When the difference between the two Timeframes is too large, it is possible that even live values are wrong, e.g. this will be the case when you are trying to pull the Daily ADX value on a 5 minute Chart. Always check if the calculation works with your desired combination of Timeframes before using it (see above).
I hope this is useful for you and whish all of you successful trading!
Best regards
Kurbelklaus
Range Delta Heiken Ashi Bollinger|Buy/Sell |OB & OS CandlesPurpose: Mathematically represent buying and selling zones for Daily/ Weekly Traders
Indicator: Calculates moving average of the candle's body with respect to the daily trading range
Buy and Sell Signals: Calculates Bollinger Range with Max/Min and Buy/Sell Bollinger signals
Overbought and Oversold Signals: Candlesticks show overbought and oversold conditions
Level of Difficulty: This indicator was written to make life easier. Follow the Rules and anyone can use it.
Rule 1: Buy when candlestick is below "purple" line
Rule 2: Sell when candlestick is above "blue" line
Rule 3: Add bollinger bands to your currency chart
Rule 4: Confirm indicator bollinger bands with currency chart's bollinger bands
Rule 5: Trade in direction of trend
Rule 6: As with all trading; no indicators are fool proof. Please trade responsibly.
****Full Customization for you****
Suggestion 1: Add bollinger bands to currency chart to improve probability
Suggestion 2: Trade the direction of Trend
Suggestion 3: This indicator works very well with Ranged Markets (or use Suggestion 2)
Disclaimer 1: This Indicator words best on Daily and Weekly time frames
Disclaimer 2: Enjoy the Indicator and feel free to ADD COMMENTS; I worked very hard for you and me :)
Auto Pivots with S/R LevelsPlots out the pivot point with corresponding Support / Resistance levels.
It will automatically determine the time frame to calculate pivots based on the current view resolution.
Monthly resolution will pull a yearly pivot
Weekly resolution will pull a monthly pivot
Daily view will pull a weekly pivot
Intraday view will pull a daily pivot.
You have the choice of using Standard pivots or Fibonacci pivots
You can choose to only display the most recent pivot or all pivots
You can chose to extend the most recent pivot across the whole chart as a price line
TODO:
- Add in the ability to choose how far back historically to display pivots
- Add in calculations for smaller resolutions to calculate off lower time frames. EX: minute resolution should pull hour time frame to calculate pivots.
Herrick Payoff Index for Quandl DataUpdate to my previous Herrick Payoff Index script. This script pulls Quandl futures data with daily open interest. The prior version only used the weekly Commitment of Traders open interest data so could only be used on weekly bars. Note: Must use Quandl Symbol methodology in chart (i.e. enter symbol as QUANDL:CHRIS/CME_FC2, QUANDL:CME/FCX2016, ect.). Unfortunately, I haven't been able to program this to pull from the embedded futures data.
UCS_S_Stochastic Pop and Drop StrategyMy Contribution to Jake Bernstein Educational Series, Initiated by Chris Moody.
The Stochastic Pop was developed by Jake Bernstein and modified by David Steckler. Bernstein's original Stochastic Pop is a trading strategy that identifies price pops when the Stochastic Oscillator surges above 80. Steckler modified this strategy by adding conditional filters using the Average Directional Index (ADX) and the weekly Stochastic Oscillator.
Modifications
1. Weekly Stochastic Oscillator for Trading Bias = 5* Daily Stochastic
2. Optional Volume Confirmation, Custom Average Volume Length
Future Plans
1. Adding Triggers for Entry, Stops and Target. - This will be release when we have ability to code the complete Strategy. Although it can be done with the current pinescript options, it would be far more easier if we have strategy ability.
Link for Educational Purpose
stockcharts.com
-
Good Luck Trading
UCSgears
RSI ROC Signals with Price Action# RSI ROC Signals with Price Action
## Overview
The RSI ROC (Rate of Change) Signals indicator is an advanced momentum-based trading system that combines RSI velocity analysis with price action confirmation to generate high-probability buy and sell signals. This indicator goes beyond traditional RSI analysis by measuring the speed of RSI changes and requiring price confirmation before triggering signals.
## Core Concept: RSI Rate of Change (ROC)
### What is RSI ROC?
RSI ROC measures the **velocity** or **acceleration** of the RSI indicator, providing insights into momentum shifts before they become apparent in traditional RSI readings.
**Formula**: `RSI ROC = ((Current RSI - Previous RSI) / Previous RSI) × 100`
### Why RSI ROC is Superior to Standard RSI:
1. **Early Momentum Detection**: Identifies momentum shifts before RSI reaches traditional overbought/oversold levels
2. **Velocity Analysis**: Measures the speed of momentum changes, not just absolute levels
3. **Reduced False Signals**: Filters out weak momentum moves that don't sustain
4. **Dynamic Thresholds**: Adapts to market volatility rather than using fixed RSI levels
5. **Leading Indicator**: Provides earlier signals compared to traditional RSI crossovers
## Signal Generation Logic
### 🟢 Buy Signal Process (3-Stage System):
#### Stage 1: Trigger Activation
- **RSI ROC** > threshold (default 7%) - RSI accelerating upward
- **Price ROC** > 0 - Price moving higher
- Records the **trigger high** (highest point during trigger)
#### Stage 2: Invalidation Check
- Signal invalidated if **RSI ROC** drops below negative threshold
- Prevents false signals during momentum reversals
#### Stage 3: Confirmation
- **Price breaks above trigger high** - Price action confirmation
- **Current candle is green** (close > open) - Bullish price action
- **State alternation** - Ensures no consecutive duplicate signals
### 🔴 Sell Signal Process (3-Stage System):
#### Stage 1: Trigger Activation
- **RSI ROC** < negative threshold (default -7%) - RSI accelerating downward
- **Price ROC** < 0 - Price moving lower
- Records the **trigger low** (lowest point during trigger)
#### Stage 2: Invalidation Check
- Signal invalidated if **RSI ROC** rises above positive threshold
- Prevents false signals during momentum reversals
#### Stage 3: Confirmation
- **Price breaks below trigger low** - Price action confirmation
- **Current candle is red** (close < open) - Bearish price action
- **State alternation** - Ensures no consecutive duplicate signals
## Key Features
### 🎯 **Smart Signal Management**
- **State Alternation**: Prevents signal clustering by alternating between buy/sell states
- **Trigger Invalidation**: Automatically cancels weak signals that lose momentum
- **Price Confirmation**: Requires actual price breakouts, not just momentum shifts
- **No Repainting**: Signals are confirmed and won't disappear or change
### ⚙️ **Customizable Parameters**
#### **RSI Length (Default: 14)**
- Standard RSI calculation period
- Shorter periods = more sensitive to price changes
- Longer periods = smoother, less noisy signals
#### **Lookback Period (Default: 1)**
- Period for ROC calculations
- 1 = compares to previous bar (most responsive)
- Higher values = smoother momentum detection
#### **RSI ROC Threshold (Default: 7%)**
- Minimum RSI velocity required for signal trigger
- Lower values = more signals, potentially more noise
- Higher values = fewer but higher-quality signals
### 📊 **Visual Signals**
- **Green Arrow Up**: Buy signal below price bar
- **Red Arrow Down**: Sell signal above price bar
- **Clean Chart**: No additional lines or oscillators cluttering the view
- **Size Options**: Customizable arrow sizes for visibility preferences
## Advantages Over Traditional Indicators
### vs. Standard RSI:
✅ **Earlier Signals**: Detects momentum changes before RSI reaches extremes
✅ **Dynamic Thresholds**: Adapts to market conditions vs. fixed 30/70 levels
✅ **Velocity Focus**: Measures momentum speed, not just position
✅ **Better Timing**: Combines momentum with price action confirmation
### vs. Moving Average Crossovers:
✅ **Leading vs. Lagging**: RSI ROC is forward-looking vs. backward-looking MAs
✅ **Volatility Adaptive**: Automatically adjusts to market volatility
✅ **Fewer Whipsaws**: Built-in invalidation logic reduces false signals
✅ **Momentum Focus**: Captures acceleration, not just direction changes
### vs. MACD:
✅ **Price-Normalized**: RSI ROC works consistently across different price ranges
✅ **Simpler Logic**: Clear trigger/confirmation process vs. complex crossovers
✅ **Built-in Filters**: Automatic signal quality control
✅ **State Management**: Prevents over-trading through alternation logic
## Trading Applications
### 📈 **Trend Following**
- Use in trending markets to catch momentum continuations
- Combine with trend filters for directional bias
- Excellent for breakout strategies
### 🔄 **Swing Trading**
- Ideal timeframes: 4H, Daily, Weekly
- Captures major momentum shifts
- Perfect for position entries/exits
### ⚡ **Scalping (Advanced Users)**
- Lower timeframes: 1m, 5m, 15m
- Reduce threshold for more frequent signals
- Combine with volume confirmation
### 🎯 **Momentum Strategies**
- Perfect for momentum-based trading systems
- Identifies acceleration phases in trends
- Complements breakout and continuation patterns
## Optimization Guidelines
### **Conservative Settings (Lower Risk)**
- RSI Length: 21
- ROC Threshold: 10%
- Lookback: 2
### **Standard Settings (Balanced)**
- RSI Length: 14 (default)
- ROC Threshold: 7% (default)
- Lookback: 1 (default)
### **Aggressive Settings (Higher Frequency)**
- RSI Length: 7
- ROC Threshold: 5%
- Lookback: 1
## Best Practices
### 🎯 **Entry Strategy**
1. Wait for signal arrow confirmation
2. Consider market context (trend, support/resistance)
3. Use proper position sizing based on volatility
4. Set stop-loss below/above trigger levels
### 🛡️ **Risk Management**
1. **Stop Loss**: Place beyond trigger high/low levels
2. **Position Sizing**: Use 1-2% risk per trade
3. **Market Context**: Avoid counter-trend signals in strong trends
4. **Time Filters**: Consider avoiding signals near major news events
### 📊 **Backtesting Recommendations**
1. Test on multiple timeframes and instruments
2. Analyze win rate vs. average win/loss ratio
3. Consider transaction costs in backtesting
4. Optimize threshold values for different market conditions
## Technical Specifications
- **Pine Script Version**: v6
- **Signal Type**: Non-repainting, confirmed signals
- **Calculation Basis**: RSI velocity with price action confirmation
- **Update Frequency**: Real-time on bar close
- **Memory Management**: Efficient state tracking with minimal resource usage
## Ideal For:
- **Momentum Traders**: Captures acceleration phases
- **Swing Traders**: Medium-term position entries/exits
- **Breakout Traders**: Confirms momentum behind breakouts
- **System Traders**: Mechanical signal generation with clear rules
This indicator represents a significant evolution in momentum analysis, combining the reliability of RSI with the precision of rate-of-change analysis and the confirmation of price action. It's designed for traders who want sophisticated momentum detection with built-in quality controls.
MajorTop DeltaVol ma5-52wThe idea is to identify major tops on the weekly when both are above 0 at the same time; to look just for mkt tops.
Major tops use to drag on for a little with increasing volatility before crashing.
green is 5-52sma
fuchsia 3-9sma
Sma are on the candle's range ratio on the close.
Strong Body Close Candle (90%)This indicator highlights Strong Body Close Candles, which are single bars where the real body makes up the vast majority of the total range and the close is positioned very close to the candle’s extreme. By default, the script looks for candles where the body is at least 90% of the full high-low range, and the close falls within the top 10% (for bullish) or bottom 10% (for bearish). These settings ensure that only very strong, conviction-driven candles are marked. The script plots labels above or below qualifying bars, colors the candle accordingly, and provides alert conditions so you can be notified in real time when such a candle forms.
Both percentages are fully adjustable so you can fine-tune the strictness of the definition. For example, if you change the body threshold to 85% and the close-to-extreme threshold to 15%, the script will highlight candles where the body makes up at least 85% of the total range and the close is within 15% of the high or low. This adjustment allows for a slightly looser definition, catching more frequent signals while still maintaining strength criteria. Built-in alerts let you choose between bullish and bearish signals separately (or both), ensuring you won’t miss setups even when you’re away from the chart.
This tool is flexible across timeframes and instruments. On lower timeframes, signals may appear more frequently, highlighting intraday momentum bursts, while on higher timeframes such as daily or weekly charts, these signals often represent periods of strong directional conviction. Traders can combine this indicator with additional filters such as trend direction, volume confirmation, VWAP, or moving averages to improve reliability and fit it into their broader strategy. Because the body and close thresholds are user-defined, you have control over whether the indicator is tuned to rare but powerful candles (stricter settings) or more frequent signals (looser settings).
The indicator is designed to be non-repainting since it only evaluates candles after they close. It can be used purely visually with chart labels and bar coloring or as part of an automated workflow with TradingView alerts. Alerts are triggered on bar close whenever a bullish or bearish strong body close candle is detected, allowing you to integrate them into your trading process via pop-ups, emails, mobile notifications, or webhooks. Whether you’re looking for sharp reversals, momentum continuation signals, or simply want to filter out weaker candles, this tool provides a clear and adjustable framework for identifying high-conviction bars.
Higher High Lower Low Multi-TF📊 Higher High Lower Low Multi-Timeframe Indicator
Detects market structure shifts (HH, HL, LH, LL)
Identifies trend direction (bullish / bearish / neutral)
Works across multiple timeframes (M5 to Weekly)
Displays a compact trend summary table on the chart
Customizable pivot sensitivity (Left/Right Bars)
Visual labels on chart for structure points
Ideal for structure-based trading and SMC traders
COT Non-Commercial Net PositionsThis indicator displays the net position of Non-Commercial traders (speculators) in futures markets by subtracting short positions from long positions, based on CFTC COT data. It fetches the relevant COT long and short values weekly (or as per the user-selected timeframe) and plots the net positions relative to zero.