ALI SPX (5.15) MIN
This indicator is designed for SPX and related contracts. It draws key levels based on the first daily candle (9:30 AM market open) on the 15-minute timeframe. It includes:
A top line (lime) at the high of the first candle.
A bottom line (yellow) at the low of the first candle.
A vertical white line within the candle.
A full vertical white line extended across the chart for visual reference.
Price labels showing the high and low, with symbols 📈 and 📉.
A white Kijun-Sen line (from Ichimoku) displayed on all timeframes below 1 hour, calculated using a 15-bar period.
The Kijun line helps identify momentum:
If price is above both the Kijun and top line → bullish trend.
If price is below both → bearish trend.
This setup is optimized for scalping or directional bias during intraday trading.
Bantlar ve Kanallar
Z-Score Pairs Trading Composite
z-score
Description (한글)
이 지표는 BTC/ETH 가격 비율의 Z-Score와 개별 자산(BTC, ETH)의 RSI를 동시에 계산하여, 시장의 추세 강도와 과매수·과매도 구간을 한눈에 파악할 수 있는 통합 전략 대시보드를 제공합니다.
사용자 정의 가능한 기간(length) 및 진입·청산 임계값(threshold) 설정
캔들 차트 위에 오버레이 형태로 표시
트레이딩뷰 기본 툴바 및 알림 기능 완벽 호환
Description (English)
This indicator delivers an integrated strategy dashboard by calculating both the Z-Score of the BTC/ETH price ratio and the RSI of each asset (BTC, ETH), enabling you to visualize market trend strength and overbought/oversold conditions at a glance.
Customizable length and entry/exit threshold settings
Overlay display directly on your candlestick chart
Fully compatible with TradingView’s toolbar and alert system
Multi-Renko Levels with Combined Table TradingFrog
CAPITALCOM:DE40 📊 Multi-Renko Levels Indicator - Complete Description
🎯 Main Purpose
This indicator analyzes 4 different Renko timeframes simultaneously and detects strong trend convergences when at least 3 out of 4 Renko levels point in the same direction.
⚙️ Input Parameters
Display Settings
Show Info Table: Show/hide the information table
Show Renko Levels: Show/hide the Renko level lines
Show Strong Signals: Show/hide the triangle signals
Show Bar Colors: Show/hide the bar coloring
Signal Settings
Signal Size: Triangle size (tiny, small, normal, large, huge)
Timeframe Settings
R1 Timeframe: Default "1" (1-minute chart)
R2 Timeframe: Default "3" (3-minute chart)
R3 Timeframe: Default "5" (5-minute chart)
R4 Timeframe: Default "15" (15-minute chart)
Renko Box Sizes
R1 Box Size: 1.3 (smallest movement)
R2 Box Size: 1.4
R3 Box Size: 1.5
R4 Box Size: 2.0 (largest movement)
Color Settings
R1-R4 Colors: Individual colors for each Renko level
Strong Bull/Bear Colors: Colors for strong trend bars
🔧 Technical Functionality
Renko Calculation
Kopieren
renko_calc(box_size) =>
var float renko_level = na
var int direction = 0
// Initialization on first bar
if bar_index == 0 or na(renko_level)
renko_level := close
direction := 0
else
// Calculate new Renko levels
up_level = renko_level + box_size
down_level = renko_level - box_size
// Check for Renko movement
if close >= up_level
renko_level := up_level
direction := 1 // Bullish
else if close <= down_level
renko_level := down_level
direction := -1 // Bearish
// Otherwise: direction remains unchanged
Multi-Timeframe Analysis
Each Renko level is calculated on its own timeframe
request.security() fetches data from different time periods
Combines 4 different Renko perspectives
Signal Detection
Kopieren
// Count bullish/bearish Renko levels
strong_up_count = (d1 == 1 ? 1 : 0) + (d2 == 1 ? 1 : 0) +
(d3 == 1 ? 1 : 0) + (d4 == 1 ? 1 : 0)
strong_down_count = (d1 == -1 ? 1 : 0) + (d2 == -1 ? 1 : 0) +
(d3 == -1 ? 1 : 0) + (d4 == -1 ? 1 : 0)
// Strong signals when 3+ directions agree
strong_up = strong_up_count >= 3
strong_down = strong_down_count >= 3
📈 Visual Outputs
1. Renko Level Lines
4 horizontal lines in different colors
Show current Renko levels for each timeframe
Move only on Renko movements (not every candle)
2. Signal Triangles
Green Triangles ↑: Strong upward signals (below candle)
Red Triangles ↓: Strong downward signals (above candle)
Appear only with 3+ matching Renko directions
Adjustable size (tiny to huge)
3. Bar Colors
Green Bars: During strong upward signals
Red Bars: During strong downward signals
Normal Colors: During weaker signals
4. Information Table (top right)
Renko Section:
RENKO LEVEL TREND TF/BOX
R1 1.234 ↑ 1/1.3
R2 1.235 ↑ 3/1.4
R3 1.236 → 5/1.5
R4 1.238 ↓ 15/2.0
Debug Section:
DEBUG SIZE: tiny UP: 2 DN: 1
Statistics Section:
STATS L20 L100 %
STRONG ↑ 5 --- 25%
STRONG ↓ 3 --- 15%
🎯 Trading Logic
Strong Upward Signals (Strong UP)
Condition: 3 or 4 Renko levels show bullish (direction = 1)
Interpretation: Multiple timeframes confirm uptrend
Visual: Green triangle below candle + green bar color
Strong Downward Signals (Strong DOWN)
Condition: 3 or 4 Renko levels show bearish (direction = -1)
Interpretation: Multiple timeframes confirm downtrend
Visual: Red triangle above candle + red bar color
Weak/Neutral Signals
Condition: Only 0-2 Renko levels in one direction
Interpretation: Unclear market direction, sideways
Visual: No triangles, normal bar colors
📊 Statistics Functions
L20 (Last 20 Bars)
Counts Strong signals from the last 20 candles
Shows short-term signal frequency
Percentage Calculation
Strong UP %: Proportion of bullish signals in last 20 candles
Strong DOWN %: Proportion of bearish signals in last 20 candles
NaN Safety
Complete protection against invalid values
Safe fallback values for missing data
Robust calculation even at chart start
🔔 Alert System
Strong UP Alert
Trigger: strong_up becomes true
Message: "🚀 STRONG UP: 3+ Renko levels bullish!"
Strong DOWN Alert
Trigger: strong_down becomes true
Message: "📉 STRONG DOWN: 3+ Renko levels bearish!"
🎨 Customization Options
Timeframes
Any timeframes for R1-R4 adjustable
From seconds to weeks possible
Box Sizes
Individual Renko box sizes for each level
Adaptation to volatility and instrument
Colors
Fully customizable color schemes
Separate colors for each Renko level
Individual signal colors
Signal Threshold
Currently: 3+ matching levels
Easily changeable to 2+ or 4 in code
💡 Application Scenarios
Trend Confirmation
Wait for 3+ matching Renko directions
Higher probability for sustainable trend
Entry Timing
Strong signals as entry triggers
Combination with other indicators possible
Risk Management
Weak signals (0-2 levels) = increased caution
Strong signals = higher confidence
Multi-Timeframe Analysis
Simultaneous view of different time levels
Avoidance of timeframe conflicts
⚡ Performance Optimizations
Efficient Calculation: Only on Renko movements
Memory Management: Limited box/line count
NaN Handling: Safe value processing
Conditional Plotting: Only with activated features
This indicator combines the strength of Renko charts with multi-timeframe analysis for precise trend detection! 🎯📊
🔍 Key Features Summary
✅ Multi-Timeframe Renko Analysis - 4 simultaneous timeframes
✅ Strong Signal Detection - 3+ level convergence required
✅ Visual Clarity - Lines, triangles, and colored bars
✅ Comprehensive Statistics - Real-time performance tracking
✅ Full Customization - Colors, sizes, timeframes, box sizes
✅ Alert Integration - Automated notifications
✅ Robust Code - NaN-safe and performance optimized
✅ Professional Table - All information at a glance
Perfect for traders seeking high-probability trend entries with multi-timeframe confirmation! 🚀
高级超买超卖 & 变盘信号Very interesting indicator, normalised with four overbought and oversold algorithms, plus a change alert. It's very practical.
SAPMA_BANDLARI_MÜCAHİD_ATAOGLUThis “Advanced Deviation Bands” indicator is designed as an all-in-one trading toolkit that:
Calculates a Flexible Base Average
User-selectable type (HMA, EMA, WMA, VWMA, LWMA) and length.
Optionally uses the price source itself as the “average” input.
Builds ±1σ to ±5σ Deviation Bands
Measures deviation of price vs. the base average, cleans out extreme outliers, and applies a weighted moving average to smooth.
Computes standard deviation on that cleaned series and multiplies by the base average to get dynamic σ values.
Plots five upper and five lower bands around the adjusted average.
Rich Visual & Layout Controls
Neon-style colors for each band, configurable thickness and label size.
Optional gradient fills between bands.
Background shading for “Normal,” “Oversold” (price < –3σ) and “Overbought” (price > +3σ) regions.
Dynamic labels at chart edge marking each σ level and zone names (e.g. “NORMAL,” “DİKKAT,” “TEHLİKE,” etc.).
Smart Signal Generation with Risk Management
Buy when price dips below –3σ and momentum (RSI 14, MACD) & trend (50 EMA vs. 200 EMA) filters pass.
Sell when price exceeds +3σ with analogous momentum/trend checks.
Automatically records entry price and draws corresponding Stop Loss and Take Profit levels based on user-set percentages (e.g. 2 % SL, 4 % TP).
Clears the entry when SL or TP is hit.
Momentum & Trend Analysis
RSI and MACD measure momentum strength/weakness.
EMA50 vs. EMA200 define overall uptrend or downtrend.
On-Chart Info Table & Alerts
Shows current price, RSI, trend direction, distance to ±3σ in %, a “Risk Level” (Low/Medium/High), and composite “Signal Strength” score.
Alert conditions for buy/sell triggers and critical ±4σ breaks.
Purpose
To combine statistical price dispersion (σ-bands), momentum, trend direction, and built-in trade management—delivering visually striking, rule-based entry/exit signals with stop loss, take profit, and clear risk assessment, all in one indicator.
Sabina's TRAMA Crossover Color Bands💡 TRAMA Bullish - Bearish Crossover 20/50
This indicator uses two TRAMAs (Trend Regularity Adaptive Moving Averages) with lengths 20 and 50 to detect high-quality crossover points between short- and long-term price behavior signaling potential trend shifts with visual clarity.
Why TRAMA?
Unlike traditional moving averages, TRAMA dynamically adjusts its responsiveness based on market regularity. This makes it faster in trending conditions and smoother in choppy markets, reducing noise and enhancing signal reliability.
🟢 Green line: Bullish crossover (TRAMA 20 crosses above TRAMA 50)
🔴 Red line: Bearish crossover (TRAMA 20 crosses below TRAMA 50)
Perfect for trend-following strategies, scalping, or multi-timeframe confirmation
MA Crossover with Asterisk on MA (Fixed)MA 10x20 khi nào tin hiệu cắt nhau xuất hiện màu xanh thì Buy, xuất hiện mày đỏ thì Sell
SUPER RENKOthis strategy based on trend following system
we are use this indicator in renko for batter result
best result will come in BTCUSD ,do use at after US market open ( mon-fri)
key -features
BUY SELL ENTRY SIGNALS : ( buy once background green , sell once background red)
EXIT : ( exit from buy once background become red , and exit from sell once background become green ) ( you can use as algo also )
BEST FEATURES : ( buying and selling area will be same , you will never get bog loss )
TIPS ; do exit from trade once you will get 400-500 points
ORB NormanORB with adjustable times for up to 3 ORB's.
High and Low for each defined timeframe with adjustable lenghts for each day.
RANGE_MÜCAHİD_ATAOGLUThis comprehensive Pine Script v6 indicator combines several analysis layers and alert systems:
Backtest Time Filter
Allows you to specify a start/end date (month, day, year) for plotting and signal generation.
Range Filter
Smooths price via an EMA-based “range” band (configurable period & multiplier).
Plots the filter line and upper/lower bands with dynamic coloring to show trend strength.
Generates breakout signals only on the first candle after a trend change (longCondition1 / shortCondition1).
Webhook Integration (3Commas)
Customizable text messages for opening/closing long and short positions via webhooks.
Exhaustion (“Tükenmişlik”) Levels
Detects overextended moves by counting consecutive bars and checking swing highs/lows.
Plots support/resistance exhaustion lines on the current and (optionally) higher timeframe.
Identifies “super” signals when both current and higher timeframe exhaustion align.
MESA Moving Average (optional)
Implements the Mesa Adaptive Moving Average (MAMA & FAMA) on the current or higher timeframe.
Can color bars or overlay lines to visualize adaptive trend.
WaveTrend Oscillator
Calculates WaveTrend channels and moving averages on chosen source and timeframe.
Configurable overbought/oversold thresholds at three sensitivity levels.
Emits level-3 reversal signals when WT lines cross in extreme zones.
Combination Signals
“Combo” buy/sell markers (⭐/💥) and alert conditions when Range Filter and WaveTrend level-3 coincide.
Alert System
Multiple alertcondition definitions with Turkish titles & messages for:
Range Filter entries/exits
Strong WaveTrend reversals
Combo signals
Group alerts covering any signal type
Midas Up FREEMIUM (BTC ETH SOL 60 min)This indicator only works with BTC, ETH and SOL / 60 min.
This indicator (Midas BTC script) is based on mathematical calculations of the average price on the chart for certain time periods. Trading volumes, volatility, support and resistance zones are taken into account. A linear regression channel is provided for active trading, which calculates the price correlation coefficient. The indicator shows potential entry points into active buying and selling zones - support and resistance zones, and suggests their strength if the level is confirmed by a price rebound. Determines the high and low price values. It takes into account the trend direction and redraws the EMA color in the specified direction.
The indicator also shows the recommended zone for setting SL, calculated on the basis of ATR, as well as potential targets, in the form of the nearest liquidity zones.\ Indicator signals appear on the chart when bouncing off the levels and crossing the EMA set in the strategy settings immediately and without delay. The signal is fixed after the current candle is closed. While the current candle is open, the signal can be canceled according to logic (cancellation of the EMA crossing, breakdown of the level).
Thanks to this feature (signals at the moment of candle opening), you can configure the indicator's warning signals according to your trading strategy and receive them as audio notifications on your monitor or in the tradingview app on your smartphone. This is done in order not to miss anything on the market.
The indicator can be used on any timeframe from 1 minute to 1 month. There are special settings for the 6 main modes or trading strategies and flexibly adapts the number of signals and the trigger rate to your trading strategy, desired asset and timeframe.:
* The maximum amount of🚨🚨🚨🚨🚨 is for scalping to capture absolutely every movement (there are a lot of signals, they appear quickly, there is a lot of noise)
* High number of🚨🚨🚨🚨 - for short-term trading (there are also a lot of signals, they appear quickly, there is less noise)
* Optimal number of🚨🚨🚨 - a universal strategy for active trading, suitable for any timeframe and asset - we recommend starting with it (there are enough signals, they appear with a slight delay, there is not much noise)
* Low amount of🚨🚨 - for medium-term trading (there are few signals, they appear slowly, and there is much less noise)
* The minimum amount of🚨 is for investing and long-term trading (signals appear rarely, transactions take a long time to work out, there is practically no noise)
Using the “filtering signals against” trend option, you can configure the display of potential entry points into a trade only in the continuation of the current trend. To filter counter-trend signals, there are:
* EMA20
* EMA50
* EMA100
* EMA200
* Price Channel
Before using this indicator, be sure to study its behavior on the chart history!
EMA200 + MA200 + EMA21 Cross full editabel IndikatorThis Indicator gives you the ema200 + ma200 with an golden cross.
Also the ema21 is integratet.
you can edit it fully.
have fun with it :)
Volumatic Support/Resistance Levels [BigBeluga]🔵 OVERVIEW
A smart volume-powered tool for identifying key support and resistance zones—enhanced with real-time volume histogram fills and high-volume markers.
Volumatic Support/Resistance Levels detects structural levels from swing highs and lows, and wraps them in dynamic histograms that reflect the relative volume strength around those zones. It highlights the strongest price levels not just by structure—but by the weight of market participation.
🔵 CONCEPTS
Price Zones: Support and resistance levels are drawn from recent price pivots, while volume is used to visually enhance these zones with filled histograms and highlight moments of peak activity using markers.
Histogram Fill = Activity Zone: The width and intensity of each filled zone adjusts to recent volume bursts.
High-Volume Alerts: Circle markers highlight moments of volume dominance directly on the levels—revealing pressure points of support/resistance.
Clean Visual Encoding: Red = resistance zones, green = support zones, orange = high-volume bars.
🔵 FEATURES
Detects pivot-based resistance (highs) and support (lows) using a customizable range length.
Wraps these levels in volume-weighted bands that expand/contract based on percentile volume.
Color fill intensity increases with rising volume pressure, creating a live histogram feel.
When volume > user-defined threshold , the indicator adds circle markers at the top and bottom of that price level zone.
Bar coloring highlights the candles that generated this high-volume behavior (orange by default).
Adjustable settings for all thresholds and colors, so traders can dial in volume sensitivity.
🔵 HOW TO USE
Identify volume-confirmed resistance and support zones for potential reversal or breakout setups.
Focus on levels with intense histogram fill and circle markers —they indicate strong participation.
Use bar coloring to track when key activity started and align it with broader market context.
Works well in combination with order blocks, trend indicators, or liquidity zones.
Ideal for day traders, scalpers, and volume-sensitive setups.
🔵 CONCLUSION
Volumatic Support/Resistance Levels elevates traditional support and resistance logic by anchoring it in volume context. Instead of relying solely on price action, it gives traders insight into where real conviction lies—by mapping how aggressively the market defended or rejected key levels. It's a visual, reactive, and volume-conscious upgrade to your structural toolkit.
Phiên Forex (UTC+7, nền cũ, cờ rõ)Time giao dịch Forex khớp với các phiên theo từng khung giờ cho cả tuần
Процентные уровниIndent as a percentage from the current price of the instrument
Отступ в процентах от текущей цены инструмента
✨ HAZE PIVOTS ENHANCED ✨HAZE PIVOTS ENHANCED - Technical Analysis Indicator
Overview
A pivot point detection and visualization tool that identifies potential support and resistance zones based on price structure. The indicator uses Average True Range (ATR) for dynamic level calculation and risk management.
Key Features
Pivot Detection
Identifies swing highs and lows using customizable pivot length
Marks significant price levels where momentum may shift
Zone Visualization
Creates visual zones around pivot points
Adjustable zone width and height based on ATR multiplier
Color-coded zones for easy identification
Risk Management Levels
Automatically calculates stop loss levels using ATR
Projects potential target levels based on volatility
Displays risk-reward ratios for reference
Visual Elements
Optional signal markers at pivot points
Customizable labels and colors
Information table showing current levels
Clean, professional chart presentation
Technical Components
ATR-based calculations for adaptive levels
Pivot high/low algorithm for structure identification
Real-time alert conditions for zone formation
Persistent visual objects that update with new pivots
Customization Options
Pivot length adjustment (1-20 bars)
ATR period and multipliers
Zone dimensions and opacity
Complete color scheme control
Toggle individual visual components
Use Cases
This indicator serves as a technical analysis tool for:
Identifying potential reversal zones
Setting objective stop loss levels
Calculating risk-reward scenarios
Monitoring price structure changes
Important Notes
This is a technical analysis tool for educational purposes
Past performance does not indicate future results
Always conduct your own analysis before making decisions
The indicator provides objective technical levels only
This indicator is designed to assist with technical analysis by visualizing price structure and volatility-based levels. It does not provide trading signals or recommendations.
ADR Custom Anchor n %sAverage daily range.
Advantages on this indicator:
1 - you can select how many days to make the average, this is important on cryptos, because there's 24h/7d of negotiation
2 - select where to anchor, because central banks uses NY 17h candle close on parities to hedge (as know to remove sunday bar)
3 - new levels to get you new reversals spots
reversalthis is a simple ema indicator. i specifically set my fast ema to 4 and my slow ema to 13. i only turn on signals after 9;30 am and wait for the ema cross signal to fire once a swing point has been sweeped. i follow the daily. If the daily high has been sweep the previous day and or closed then we are taking highs therefor bullish bias. vice versa for sells. if bullish then only take bullish 4/13 ema cross.THIS CROSS IS MY SIGNAL THAT THERE IS A POTENTIAL CHANGE OF ORDERFLOW, YOU MUST VERIFY THAT THERE IS INDEED A BREAKER BLOCK BEFORE ENTERING. i dont actually just follow a simple ema cross. it means something.
unprofitable stratThe indicator is a comprehensive trend-following indicator for TradingView. It's designed to identify and trade in the direction of the market's primary trend while using a dynamic, volatility-based system for exits. It filters out counter-trend noise and provides a clear visual dashboard of market conditions.
Core Trading Strategy
The indicator's logic is based on a two-part confirmation system to ensure trades are only taken in favorable conditions.
Master Trend Filter: The indicator first determines the "master trend" by checking if the price is above or below a long-term (200-period) Exponential Moving Average (EMA). It will only look for BUY signals when the price is above this EMA (in a master bullish trend) and only look for SELL signals when the price is below it. This prevents fighting the main market current.
Entry Trigger: Once the master trend is confirmed, the indicator doesn't enter immediately. It waits for a secondary confirmation: a breakout above a recent swing high (for a BUY) or a breakdown below a recent swing low. This ensures that short-term momentum has aligned with the long-term trend before a signal is generated.
Dynamic Exit Strategy
Exits are not based on a fixed target. Instead, the indicator uses a professional-grade ATR-based Trailing Stop Loss.
This "smart" stop loss automatically trails behind a profitable trade. It moves up to lock in gains during a BUY trade but never moves down.
The distance of the stop from the price is determined by the Average True Range (ATR), meaning it gives the trade more room to breathe in volatile markets and tightens up to protect profits in calm markets.
An "EXIT" signal appears on the chart when the price finally pulls back and hits this trailing stop line.
Visual Features on the Chart
The indicator provides several visual aids to make the trading process clear and intuitive.
Custom-Plotted Candles: The indicator draws its own candlesticks that are colored based on the trade status:
Blue: An active BUY trade is in progress.
Purple: An active SELL trade is in progress.
Gray: The indicator is flat with no active trade.
Signal Labels: Clear "BUY", "SELL", and "EXIT" labels are plotted directly on the chart at the moment they occur.
Trailing Stop Line: A bright orange line appears and follows the price during a trade, showing you the exact level of your trailing stop loss.
Multi-Timeframe Table: An optional dashboard in the top-right corner displays the master trend status ("Bullish" or "Bearish") on the 1m, 5m, 15m, 1-hour, and 4-hour timeframes simultaneously.
Trend Background: An optional feature allows you to color the entire chart background light blue or purple to match the master trend direction.
Dynamic Volatility Channel (DVC) - Smooth
The indicator's adaptability comes from a unique blend of well-known concepts:
The Adaptive Engine (ADX): The indicator uses the Average Directional Index (ADX) in the background to analyze the strength of the trend. This acts as the "brain", telling the channel whether the market is trending strongly or moving sideways.
Hybrid Volatility: This is the core of the indicator. The width of the channel is determined by a weighted mix of two volatility measures:
In trending markets (high ADX), the channel gives more weight to the Average True Range (ATR).
In ranging markets (low ADX), the channel gives more weight to Standard Deviation.
Smooth Centerline (HMA): The channel is centered around a Hull Moving Average (HMA), which is known for its smoothness and reduced lag compared to other moving averages.
Advanced Smoothing Layers: This version includes dedicated smoothing for both the volatility components (ATR and StDev) and the logic that switches between regimes. This ensures the channel expands, contracts, and adapts in a very fluid manner, eliminating sudden jumps and reducing market noise.
Mean Reversion: In ranging markets (indicated by a flatter channel), the outer bands can act as dynamic support and resistance levels. Look for opportunities to sell near the upper band and buy near the lower band, always waiting for price action confirmation like reversal candles.
Trend Following: In strong trends (indicated by a steeply sloped channel), the centerline (HMA) often serves as a dynamic level of support (in an uptrend) or resistance (in a downtrend). Pullbacks to the centerline can present opportunities to join the trend. A "band ride," where price action consistently pushes against the upper or lower band, signals a very strong trend.
Volatility Analysis: A "squeeze," where the bands come very close together, indicates low volatility and can foreshadow a significant price breakout. A sudden expansion of the bands signals an increase in volatility and the potential start of a new, powerful move.
All core parameters are fully customizable to suit your trading style and preferred assets:
You can adjust the lengths for the HMA, ATR, StDev, and the ADX filter.
You can change the multipliers for the ATR and Standard Deviation components.
Crucially, you can control the Volatility Smoothing Length and Logic Smoothing Length to find the perfect balance between responsiveness and smoothness.
Disclaimer: This indicator is provided for educational and analytical purposes only. It is not financial advice, and past performance is not indicative of future results. Always conduct your own research and backtesting before risking capital in a live market.
Volume Overbought/Oversold Zones📊 What You’ll See on the Chart
Red Background or Red Triangle ABOVE a Candle
🔺 Means: Overbought Volume
→ Volume on that bar is much higher than average (as defined by your settings).
→ Suggests strong activity, possible exhaustion in the trend or an emotional spike.
→ It’s a warning: consider watching for signs of reversal, especially if price is already stretched.
Green Background or Green Triangle BELOW a Candle
🔻 Means: Oversold Volume
→ Volume on that bar is much lower than normal.
→ Suggests the market may be losing momentum, or few sellers are left.
→ Could signal an upcoming reversal or recovery if confirmed by price action.
Orange Line Below the Candles (Volume Moving Average)
📈 Shows the "normal" average volume over the last X candles (default is 20).
→ Helps you visually compare each bar’s volume to the average.
Gray Columns (Actual Volume Bars)
📊 These are your regular volume bars — they rise and fall based on how active each candle is.
🔍 What This Indicator Does (In Simple Words)
This indicator looks at trading volume—which is how many shares/contracts were traded in a given period—and compares it to what's considered "normal" for recent history. When volume is unusually high or low, it highlights those moments on the chart.
It tells you:
• When volume is much higher than normal → market might be overheated or experiencing a buying/selling frenzy.
• When volume is much lower than normal → market might be quiet, potentially indicating lack of interest or indecision.
These conditions are marked visually, so you can instantly spot them.
💡 How It Helps You As a Trader
1. Spotting Exhaustion in Trends (Overbought Signals)
If a market is going up and suddenly volume spikes way above normal, it may mean:
• The move is getting crowded (lots of buyers are already in).
• A reversal or pullback could be near because smart money may be taking profits.
Trading idea: Wait for high-volume up bars, then look for price weakness to consider a short or exit.
2. Identifying Hidden Opportunities (Oversold Signals)
If price is falling but volume drops unusually low, it might mean:
• Panic is fading.
• Sellers are losing energy.
• A bounce or trend reversal could happen soon.
Trading idea: After a volume drop in a downtrend, watch for bullish price patterns or momentum shifts to consider a buy.
3. Confirming or Doubting Breakouts
Volume is critical for confirming breakouts:
• If price breaks a key level with strong volume, it's more likely to continue.
• A breakout without volume could be a fake-out.
This indicator highlights volume surges that can help you confirm such moves.
📈 How to Use It in Practice
• Combine it with candlestick patterns, support/resistance, or momentum indicators.
• Use the background colors or shapes as a visual cue to pause and analyze.
• Adjust the sensitivity to suit fast-moving markets (like crypto) or slow ones (like large-cap stocks).
VWAP Deviation Channels with Probability (Lite)VWAP Deviation Channels with Probability (Lite)
Version 1.2
Overview
This indicator is a powerful tool for intraday traders, designed to identify high-probability areas of support and resistance. It plots the Volume-Weighted Average Price (VWAP) as a central "value" line and then draws statistically-based deviation channels around it.
Its unique feature is a dynamic probability engine that analyzes thousands of historical price bars to calculate and display the real-time likelihood of the price touching each of these deviation levels. This provides a quantifiable edge for making trading decisions.
Core Concepts Explained
This indicator is built on three key concepts:
The VWAP (Volume-Weighted Average Price): The dotted midline of the channels is the session VWAP. Unlike a Simple Moving Average (SMA) which only considers price, the VWAP incorporates volume into its calculation. This makes it a much more significant benchmark, as it represents the true average price where the most business has been transacted during the day. It's heavily used by institutional traders, which is why price often reacts strongly to it.
Standard Deviation Channels: The channels above and below the VWAP are based on standard deviations. Standard deviation is a statistical measure of volatility.
- Wide Bands: When the channels are wide, it signifies high volatility.
- Narrow Bands: When the channels are tight and narrow, it signifies low volatility and
consolidation (a "squeeze").
The Conditional Probability Engine: This is the heart of the indicator. For every deviation level, the script displays a percentage. This percentage answers a very specific question:
"Based on thousands of previous bars, when the last candle had a certain momentum (bullish or bearish), what was the historical probability that the price would touch this specific level?"
The probabilities are calculated separately depending on whether the previous candle was green (bullish) or red (bearish). This provides a nuanced, momentum-based edge. The level with the highest probability is highlighted, acting as a "price magnet."
How to Use This Indicator
Recommended Timeframes:
This indicator is designed specifically for intraday trading. It works best on timeframes like the 1-minute, 5-minute, and 15-minute charts. It will not display correctly on daily or higher timeframes.
Recommended Trading Strategy: Mean Reversion
The primary strategy for this indicator is "Mean Reversion." The core idea is that as the price stretches to extreme levels far away from the VWAP (the "mean"), it is statistically more likely to "snap back" toward it.
Here is a step-by-step guide to trading this setup:
1. Identify the Extreme: Wait for the price to push into one of the outer deviation bands (e.g., the -2, -3, or -4 bands for a buy setup, or the +2, +3, or +4 bands for a sell setup).
2. Look for the High-Probability Zone: Pay close attention to the highlighted probability label. This is the level that has historically acted as the strongest magnet for price. A touch of this level represents a high-probability area for a potential reversal.
3. Wait for Confirmation: Do not enter a trade just because the price has touched a band. Wait for a confirmation candle that shows momentum is shifting.
- For a Buy: Look for a strong bullish candle (e.g., a green engulfing candle or a hammer/pin
bar) to form at the lower bands.
- For a Sell: Look for a strong bearish candle (e.g., a red engulfing candle or a shooting star)
to form at the upper bands.
Define Your Exit:
- Take Profit: A logical primary target for a mean reversion trade is the VWAP (midLine).
- Stop Loss: A logical place for a stop-loss is just outside the next deviation band. For
example, if you enter a long trade at the -3 band, your stop loss could be placed just
below the -4 band.
Disclaimer: This indicator is a tool for analysis and should not be considered a standalone trading system. Trading involves significant risk, and past performance is not indicative of future results. Always use this indicator in conjunction with other forms of analysis and sound risk management practices.