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DIP BUYING by HAZEREAL BUY THE DIP - Educational Price Movement Indicator This technical indicator is designed for educational purposes to help traders identify potential price reversal opportunities in equity markets, particularly focusing on NASDAQ-100 index tracking instruments and technology sector ETFs. Key Features: Monitors price movements relative to recent highs over customizable lookback periods Identifies two distinct price decline thresholds: standard (5%+) and extreme (12.3%+) Visual signals with triangular markers and background color zones Real-time data table showing current metrics and status Customizable alert system with webhook-ready JSON formatting Clean overlay design that doesn't obstruct price action How It Works: The indicator tracks the highest price within a specified lookback period and calculates the percentage decline from that high. When price drops below the minimum threshold, it generates visual buy signals. The extreme threshold triggers enhanced alerts for more significant market movements. Best Use Cases: Educational analysis of market volatility patterns Identifying potential support levels during market corrections Studying historical price behavior around significant declines Risk management and position sizing education Important Note: This is a technical analysis tool for educational purposes only. All trading decisions should be based on comprehensive analysis and appropriate risk management. Past performance does not guarantee future results.
Pine Script® göstergesi
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Pivot Trendlines with Breaks [HG] - Enhanced SimplePivot Trendlines with Breaks - Enhanced Simple An advanced pivot-based trendline indicator that automatically draws dynamic support and resistance lines with real-time breakout detection. Key Features: Automatic Trendline Drawing: Creates uptrend and downtrend lines based on pivot highs and lows Real-Time Breakout Detection: Identifies when price breaks above or below key trendlines Enhanced Timing Information: Shows exact breakout times and price levels Customizable Visual Alerts: Multiple alert styles with optional sound notifications Dark Mode Information Table: Track last breakout details in a clean, organized display Technical Specifications: Pivot Length: Adjustable period for pivot point calculation (default: 20) Repainting Option: Choose between real-time signals or confirmed bar signals Multiple Trendline Styles: Dotted, dashed, or solid line options Flexible Extension: Extend lines in any direction or keep them contained Visual Enhancements: Breakout Labels: Clear BULL/BEAR labels with optional timestamps Background Highlighting: Subtle background color changes during active breakouts Customizable Colors: Separate colors for bullish and bearish signals Adjustable Label Sizes: Standard or large label options for better visibility Alert System: Sound Alerts: Optional audio notifications for breakouts Visual Alerts: Background highlights and shape plots Custom Messages: Detailed alert messages with price and time information Real-time Status: Live tracking of breakout conditions How It Works: Identifies Pivot Points: Calculates significant highs and lows based on specified length Draws Trendlines: Connects relevant pivot points to create support/resistance lines Monitors Breakouts: Continuously checks for price breaks above/below trendlines Provides Alerts: Sends notifications when breakouts occur Settings Panel: Pivot Length: Control sensitivity of pivot detection Styling Options: Customize colors, line styles, and extensions Timing Features: Toggle time display, background highlights, and table visibility Alert Preferences: Configure sound alerts and label sizes Table Position: Choose optimal placement for information display Educational Value: This indicator helps traders understand price action dynamics through pivot-based analysis. It's particularly useful for identifying potential trend changes and breakout opportunities across all timeframes. Note: This indicator is for educational and analysis purposes. Always combine with proper risk management and additional market analysis before making trading decisions.
Pine Script® göstergesi
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SuperTrend™ - Dynamic Lines & ChannelsSuperTrend™ Indicator: Comprehensive Description Overview The SuperTrend™ indicator is a Pine Script (6) designed for TradingView to provide a comprehensive technical analysis tool for traders. It combines dynamic trend channels across multiple timeframes (Daily, Weekly, Monthly, Quarterly, and Yearly/All-Time) with a Modified SuperTrend indicator, a 10-period EMA, a VIDYA (Variable Index Dynamic Average), dynamic support/resistance (S/R) channels, Heikin-Ashi-based candle analysis, and market maker target levels. The indicator plots trendlines, projections, and heartlines to identify potential support, resistance, and trend continuation levels, while additional features like dynamic S/R channels and market maker targets enhance its utility for intraday and multi-timeframe trading strategies. The script is highly customizable, allowing users to toggle visibility and adjust settings for each timeframe, with advanced features for the DayTrade channel, including reflection channels. This description details the indicator’s features, functionality, and display, focusing on the DayTrade channel’s anchoring, the role of static and dynamic channels in projecting future price action, the heartline’s potential as a volume indicator, and how traders can use the indicator for line-to-line trading strategies. It also covers the integration of SuperTrend, EMA, VIDYA, dynamic S/R, and market maker targets, explaining their roles in enhancing trading decisions. Features and Functionality 1. Dynamic Trend Channels The indicator calculates trend channels for five timeframes: DayTrade Channel: Tracks daily highs and lows, updating before 12 PM each trading day. Weekly Channel: Tracks highs and lows over a user-selected period (1, 2, or 3 weeks). Monthly Channel: Tracks monthly highs and lows over a user-selected period (1, 2, or 3 months). Quarterly Channel: Tracks highs and lows over a user-selected period (1 or 2 quarters). Yearly/All-Time Channel: Tracks highs and lows over a user-selected period (1 to 10 years or All Time). Each channel consists of: Upper Trendline: Connects the high prices of the previous and current periods. Lower Trendline: Connects the low prices of the previous and current periods. Projections: Extends the trendlines forward based on the trend’s slope. Heartline: A dashed line drawn at the midpoint between the upper and lower trendlines or their projections. DayTrade Channel Anchoring The DayTrade channel, enabled by the "Show DayTrade Trend Lines" toggle, anchors its trendlines to the high and low prices of the previous and current trading days, with updates restricted to before 12 PM to capture significant price movements during the morning session, which is often more volatile due to market openings or news events. After 12 PM, the trendlines and projections remain static for the rest of the trading day, providing a consistent reference for potential support and resistance levels. This static anchoring allows traders to anticipate price reactions based on historical highs and lows from the previous day and the morning session of the current day, making it ideal for intraday trading strategies. The static nature after 12 PM ensures that the trendlines and projections do not shift mid-session, offering a stable framework for assessing whether price action respects or breaks these levels, potentially indicating trend continuation or reversal. Static vs. Dynamic Channels Static Channels: Once set (e.g., after 12 PM for the DayTrade channel or at the start of a new period for other timeframes), the trendlines remain fixed until the next period begins. This static behavior allows traders to use the channels as reference levels for potential price targets or reversal points, as they are based on historical price extremes. Dynamic Projections: The projections extend the trendlines forward, providing a visual guide for potential future price action, assuming the trend’s momentum continues. When a trendline or projection is broken (e.g., price closes above the upper projection or below the lower projection), it may suggest a breakout or reversal, prompting traders to reassess their positions. 2. Reflection Channels (DayTrade Only) The DayTrade channel includes optional lower and upper reflection channels, which are additional trendlines positioned symmetrically around the main channel to provide extended support and resistance zones. These are controlled by the "Show Reflection Channel" dropdown: Lower Reflection Channel: Position: Drawn below the lower trendline at a distance equal to the range between the upper and lower trendlines. Projection: Extends forward as a dashed line. Heartline: A dashed line drawn at the midpoint between the lower trendline and the lower reflection trendline, controlled by the "Show Reflection Heartline(s)" toggle. Upper Reflection Channel: Position: Drawn above the upper trendline at the same distance as the main channel’s range. Projection: Extends forward as a dashed line. Heartline: A dashed line drawn at the midpoint between the upper trendline and the upper reflection trendline, controlled by the "Show Reflection Heartline(s)" toggle. Display Control: The "Show Reflection Channel" dropdown allows users to select: "None": No reflection channels are shown. "Lower": Only the lower reflection channel is shown. "Upper": Only the upper reflection channel is shown. "Both": Both reflection channels are shown. Purpose: Reflection channels extend the price range analysis by providing additional levels where price may react, acting as potential targets or reversal zones after breaking the main trendlines. 3. Heartlines Each timeframe, including the DayTrade channel and its reflection channels, can display a heartline, which is a dashed line plotted at the midpoint between the upper and lower trendlines or their projections. For the DayTrade channel: Main DayTrade Heartline: Midpoint between the upper and lower trendlines, controlled by the "Show DayTrade Heartline" toggle. Lower Reflection Heartline: Midpoint between the lower trendline and the lower reflection trendline, controlled by the "Show Reflection Heartline(s)" toggle. Upper Reflection Heartline: Midpoint between the upper trendline and the upper reflection trendline, controlled by the "Show Reflection Heartline(s)" toggle. Independent Toggles: Visibility is controlled by: "Show DayTrade Heartline": For the main DayTrade heartline. "Show Reflection Heartline(s)": For both lower and upper reflection heartlines. Potential Volume Indicator: The heartline represents the average price level between the high and low of a period, which may correlate with areas of high trading activity or volume concentration, as these midpoints often align with price levels where buyers and sellers have historically converged. A break above or below the heartline, especially with strong momentum, may indicate a shift in market sentiment, potentially leading to accelerated price movement in the direction of the break. However, this is an observation based on the heartline’s position, not a direct measure of volume, as the script does not incorporate volume data. 4. SuperTrend Indicator The script integrates a traditional SuperTrend indicator, which uses the Average True Range (ATR) to plot a trend-following line that adjusts dynamically to price action: Parameters: Hardcoded ATR period of 14 and multiplier of 3.0, with the source set to the closing price. Calculation: The SuperTrend line is calculated as the lower band (close - ATR * multiplier) in an uptrend or the upper band (close + ATR * multiplier) in a downtrend, switching based on price crossing the previous SuperTrend value. Display: Plotted as a solid line, green in an uptrend and red in a downtrend. Purpose: Provides a clear visual indication of the current trend direction, complementing the trend channels by highlighting immediate support/resistance levels based on recent volatility. 5. 10-Period EMA and VIDYA The script incorporates a 10-period Exponential Moving Average (EMA) and a Variable Index Dynamic Average (VIDYA) from the SuperTrader indicator: 10-Period EMA: Calculation: A simple moving average of the closing price over 10 periods, smoothed to act as an EMA. Display: Plotted with a color that changes based on whether the current close is above (bright green) or below (darker green) the EMA. Purpose: Acts as a short-term trend indicator, helping traders identify momentum and potential entry/exit points. VIDYA: Calculation: Uses a 10-period trend line with a 20-period momentum calculation, smoothed over 15 periods. VIDYA adjusts its sensitivity based on market volatility, making it more responsive in trending markets. Display: Plotted in cyan, with the color reflecting the SuperTrend’s trend direction (uptrend or downtrend). Purpose: Complements the EMA by providing a dynamic trend indicator that adapts to market conditions, useful for confirming trend direction. Fill Between EMA and VIDYA: A background fill (green for bullish, red for bearish) is plotted between the EMA and VIDYA lines when they cross, highlighting trend changes and potential trading signals. 6. Dynamic Support/Resistance (S/R) Channels The script includes dynamic S/R channels based on Heikin-Ashi candle patterns, derived from the SuperTrader indicator: Calculation: Identifies "lonely candles" using Heikin-Ashi calculations to detect significant highs (green candles) and lows (red candles). These levels are plotted as dynamic S/R lines. Highlighting: If the "Highlight Impulse Channels" toggle is enabled, the S/R lines are highlighted in yellow when their percentage distance is below the "Impulse Channel Distance (%)" threshold (default 3.0%), indicating a tight channel where price may react strongly. Display: Plotted as stepped lines (lime for support, purple for resistance), with optional background fill (green for bullish, red for bearish) when "Show Dynamic S/R Channels" is enabled. Percentage Distance Tags: When "Show Percentage Distance Tags" is enabled, labels display the percentage distance between the S/R lines, aiding in assessing channel tightness. Purpose: Provides additional dynamic support and resistance levels that complement the trend channels, helping traders identify key price zones for entries, exits, or reversals. 7. Market Maker Targets The script includes multi-timeframe support and resistance levels, labeled as market maker targets, calculated using Heikin-Ashi-based dynamic S/R on higher timeframes: Timeframes: 1-hour, 2-hour, 4-hour, Daily, Weekly, Monthly, and Quarterly. Calculation: Uses the `f_dynamicSR` function to identify significant highs and lows on each timeframe, accessed via `request.security` with lookahead enabled. Display: When "Show Market Maker Targets" is enabled, labels are plotted at the right of the chart for each timeframe’s S/R levels (lime for support, fuchsia for resistance), showing the timeframe and price level. Purpose: Provides higher-timeframe context for potential support/resistance zones, useful for swing traders or those aligning intraday trades with broader market structure. 8. Alerts The script includes alert conditions for all trend channel timeframes, triggered when a candle closes fully above the upper projection or below the lower projection: Upper Trend Break: Triggers when a candle closes fully above the upper projection of any timeframe. Lower Trend Break: Triggers when a candle closes fully below the lower projection of any timeframe. Alerts are combined across all timeframes, so a break in any timeframe triggers a general "Upper Trend Break" or "Lower Trend Break" alert with the message: "Candle closed fully above/below one or more projection lines." Alerts fire once per bar close. Purpose: Alerts traders to potential breakout or reversal signals, allowing timely decision-making. 9. Customization Options The script provides extensive customization through input settings, grouped by timeframe and feature: DayTrade Channel: "Show DayTrade Trend Lines": Toggle main trendlines and projections. "Show DayTrade Heartline": Toggle main heartline. "Show Reflection Heartline(s)": Toggle lower and upper reflection heartlines. "DayTrade Channel Color": Set color for trendlines (default: orange). "DayTrade Projection Channel Color": Set color for projections (default: lighter orange). "Heartline Color": Set color for all heartlines (default: white). "Show Reflection Channel": Dropdown to show "None," "Lower," "Upper," or "Both" reflection channels. Other Timeframes (Weekly, Monthly, Quarterly, Yearly/All-Time): Toggles for trendlines (e.g., "Show Weekly Trend Lines," "Show Monthly Trend Lines") and heartlines (e.g., "Show Weekly Heartline," "Show Monthly Heartline"). Period selection (e.g., "Weekly Period" for 1, 2, or 3 weeks; "Yearly Period" for 1 to 10 years or All Time). Separate colors for trendlines (e.g., "Weekly Channel Color"), projections (e.g., "Weekly Projection Channel Color"), and heartlines (e.g., "Weekly Heartline Color"). Historical lines for Monthly, Quarterly, and Yearly channels (e.g., "Show Historical Monthly Lines"). SuperTrend and Dynamic S/R: "Impulse Channel Distance (%)": Set threshold for highlighting tight S/R channels (default: 3.0%). "Highlight Impulse Channels": Toggle highlighting of tight S/R channels. "Dynamic S/R Line Thickness": Set thickness for S/R lines (options: 1 to 5). "Impulse Channel Color": Set color for highlighted S/R lines (default: yellow). "Bull Box Color" and "Bear Box Color": Set fill colors for S/R channels (default: green and red with transparency). "Show Percentage Distance Tags": Toggle percentage distance labels for S/R channels. "Show Dynamic S/R Channels": Toggle visibility of S/R lines and fills. "Show Market Maker Targets": Toggle higher-timeframe S/R labels. "Slope Lookback Period" and "Slope Threshold": Adjust parameters for trend direction calculations. Max Bar Difference: Limits the distance between anchor points to ensure relevance to recent price action (default: 5000 bars). Display The indicator overlays the following elements on the chart: Trendlines: Solid lines connecting the high and low anchor points for each timeframe, using user-specified colors (e.g., orange for DayTrade). Projections: Dashed lines extending from the current anchor points, indicating potential future price levels, using colors set via projection color inputs (e.g., lighter orange for DayTrade). Heartlines: Dashed lines at the midpoint of each channel, using the color set via heartline color inputs (e.g., white). Reflection Channels (DayTrade Only): Lower reflection trendline and projection: Below the lower trendline, using the same colors as the main channel. Upper reflection trendline and projection: Above the upper trendline, using the same colors. Reflection heartlines: Midpoints between the main trendlines and their respective reflection trendlines, using the heartline color. SuperTrend: A solid line (green for uptrend, red for downtrend) showing the trend direction based on ATR. 10-Period EMA: A solid line (bright green when close is above, darker green when below) indicating short-term trend. VIDYA: A solid cyan line reflecting dynamic trend direction, aligned with SuperTrend’s trend. Dynamic S/R Channels: Stepped lines (lime for support, purple for resistance, yellow when highlighted) with optional green/red background fill. Market Maker Targets: Labels at the right of the chart for higher-timeframe S/R levels (lime for support, fuchsia for resistance). Percentage Distance Tags: Labels showing the percentage distance between S/R lines when enabled. Visual Clarity: Lines, fills, and labels are only drawn if the relevant toggles are enabled and data is available. Lines are deleted when conditions are not met to avoid clutter. Trading Applications: Line-to-Line Trading The SuperTrend™ indicator provides a robust framework for line-to-line trading, using trendlines, projections, heartlines, SuperTrend, EMA, VIDYA, dynamic S/R channels, and market maker targets as reference points for entries, exits, and risk management. Below is a detailed explanation of how to use the DayTrade channel and its reflection channels, enhanced by the new features, for trading. 1. Why DayTrade Channel Anchoring The DayTrade channel’s anchoring to the previous day’s high/low and the current day’s high/low before 12 PM, controlled by the "Show DayTrade Trend Lines" toggle, captures significant price levels during high-volatility periods: Previous Day High/Low: These represent key levels where price found resistance (high) or support (low) in the prior session, often acting as psychological or technical barriers in the current session. Current Day High/Low Before 12 PM: The morning session (before 12 PM) often sees increased volatility due to market openings, news releases, or institutional activity. Anchoring to these early highs/lows ensures the channel reflects the most relevant price extremes, which are likely to influence intraday price action. Static After 12 PM: By fixing the anchor points after 12 PM, the trendlines and projections become stable references for the afternoon session, allowing traders to anticipate price reactions at these levels without the lines shifting unexpectedly. This anchoring makes the DayTrade channel ideal for intraday traders, providing a consistent framework based on recent price history, which can be combined with SuperTrend, EMA, VIDYA, and dynamic S/R signals for enhanced decision-making. 2. Using Static Channels and Projections The static nature of the DayTrade channel after 12 PM, enabled by "Show DayTrade Trend Lines," and the dynamic projections, set via "DayTrade Projection Channel Color," provide a structured approach to trading: Support and Resistance: The upper trendline and lower trendline act as dynamic support/resistance levels based on the previous and current day’s price extremes. Traders may observe price reactions (e.g., bounces or breaks) at these levels. For example, if price approaches the lower trendline and bounces, it may indicate support, suggesting a potential long entry, especially if supported by a bullish SuperTrend or EMA above VIDYA. Projections as Price Targets: The projections extend the trendlines forward, offering potential price targets if the trend continues. For instance, if price breaks above the upper trendline and continues toward the upper projection, traders might consider it a bullish continuation signal, confirmed by a green SuperTrend or bullish fill between EMA and VIDYA. A candle closing fully above the upper projection or below the lower projection (triggering an alert) may indicate a breakout, prompting traders to enter in the direction of the break or reassess if the break fails. Static Channels for Breakouts: Because the trendlines are static after 12 PM, they serve as fixed reference points. A break above the upper trendline or its projection, especially with a bullish EMA/VIDYA crossover or dynamic S/R confirmation, may suggest bullish momentum, while a break below the lower trendline or projection may indicate bearish momentum. Traders can use these breaks to set entry points (e.g., entering a long position after a confirmed break above the upper projection) and place stop-losses below the broken level to manage risk. 3. Line-to-Line Trading Strategy Line-to-line trading involves using the trendlines, projections, reflection channels, SuperTrend, EMA, VIDYA, dynamic S/R channels, and market maker targets as sequential price targets or reversal zones: Trading Within the Main Channel: Long Setup: If price bounces off the lower trendline and moves toward the heartline (enabled by "Show DayTrade Heartline") or upper trendline, traders might enter a long position near the lower trendline, targeting the heartline or upper trendline for profit-taking. Confirmation from a green SuperTrend, EMA above VIDYA, or price above a dynamic S/R support level strengthens the signal. A stop-loss could be placed below the lower trendline or a nearby market maker target (e.g., Daily support). Short Setup: If price rejects from the upper trendline and moves toward the heartline or lower trendline, traders might enter a short position near the upper trendline, targeting the heartline or lower trendline, with a stop-loss above the upper trendline or a market maker resistance level (e.g., 4H resistance). Trading to Reflection Channels: If price breaks above the upper trendline and continues toward the upper reflection trendline or its projection (enabled by "Show Reflection Channel" set to "Upper" or "Both"), traders might treat this as a breakout trade, entering long with a target at the upper reflection level and a stop-loss below the upper trendline. Confirmation from a bullish EMA/VIDYA fill or a tight dynamic S/R channel (highlighted in yellow) can enhance confidence. Similarly, a break below the lower trendline toward the lower reflection trendline or its projection (enabled by "Show Reflection Channel" set to "Lower" or "Both") could signal a short opportunity, with a target at the lower reflection level and a stop-loss above the lower trendline. Reversal Trades: If price reaches the upper reflection trendline and shows signs of rejection (e.g., a bearish candlestick pattern or divergence with VIDYA), traders might consider a short position, anticipating a move back toward the main channel’s upper trendline, heartline, or a dynamic S/R level. Conversely, a rejection at the lower reflection trendline, especially with a bullish SuperTrend or EMA/VIDYA crossover, could prompt a long position targeting the lower trendline, heartline, or a higher market maker target. Risk Management: Use the heartline or dynamic S/R levels as midpoints to gauge whether price is likely to continue toward the opposite trendline or reverse. For example, a failure to break above the heartline after bouncing from the lower trendline might suggest weakening bullish momentum, prompting a tighter stop-loss. The static nature of the channels after 12 PM allows traders to set precise stop-loss and take-profit levels based on historical price levels, reducing the risk of chasing moving targets. Market maker targets (e.g., 1H or Daily S/R levels) can serve as additional stop-loss or take-profit zones, aligning intraday trades with higher-timeframe structure. 4. Heartline as a Volume Indicator The heartline, controlled by toggles like "Show DayTrade Heartline" and "Show Reflection Heartline(s)," may serve as an indirect proxy for areas of high trading activity: Rationale: The heartline represents the average price between the high and low of a period, which often aligns with price levels where significant buying and selling have occurred, as these midpoints can correspond to areas of consolidation or high volume in the order book. While the script does not directly use volume data, the heartline’s position may reflect price levels where market participants have historically balanced supply and demand. Breakout Potential: A break above or below the heartline, particularly with a strong candle (e.g., wide range or high momentum), may indicate a shift in market sentiment, potentially leading to accelerated price movement in the direction of the break. For example: A close above the main DayTrade heartline, confirmed by a green SuperTrend or bullish EMA/VIDYA crossover, could suggest buyers are overpowering sellers, potentially leading to a move toward the upper trendline or upper reflection channel. A close below the heartline, supported by a red SuperTrend or bearish EMA/VIDYA crossover, could indicate seller dominance, targeting the lower trendline or lower reflection channel. Trading Application: Traders might use heartline breaks as confirmation signals for trend continuation. For instance, after a bounce from the lower trendline, a close above the heartline, aligned with a dynamic S/R support level, could confirm bullish momentum, prompting a long entry. The heartline can act as a dynamic stop-loss or trailing stop level. For example, in a long trade, a trader might exit if price falls below the heartline, indicating a potential reversal. For reflection heartlines, a break above the upper reflection heartline or below the lower reflection heartline could signal strong momentum, as these levels are further from the main channel and may require significant buying or selling pressure to breach. 5. Using SuperTrend, EMA, VIDYA, Dynamic S/R, and Market Maker Targets The integrated features enhance the trading framework: SuperTrend: Use the SuperTrend line to confirm the overall trend direction. For example, a long trade off the lower DayTrade trendline is stronger if the SuperTrend is green, indicating an uptrend. EMA and VIDYA: Monitor EMA/VIDYA crossovers and the fill color (green for bullish, red for bearish) to confirm momentum. A bullish crossover (EMA above VIDYA) near a DayTrade trendline bounce can strengthen a long signal, while a bearish crossover supports a short setup. Dynamic S/R Channels: Use the lime (support) and purple (resistance) lines as additional entry/exit points. If the lines are highlighted in yellow (tight channel), they may act as stronger support/resistance zones. The percentage distance tags help assess channel tightness for potential breakout trades. Market Maker Targets: Align trades with higher-timeframe S/R levels (e.g., 4H or Daily) to ensure confluence with broader market structure. For example, a long trade off the DayTrade lower trendline is more compelling if it aligns with a Daily support level from the market maker targets. Combined Signals: Combine signals for higher probability trades. For instance, a breakout above the DayTrade upper projection, confirmed by a green SuperTrend, bullish EMA/VIDYA crossover, and price above a dynamic S/R support level near a Weekly market maker target, suggests a strong bullish setup. 6. Practical Trading Considerations Timeframe Context: The DayTrade channel, enabled by "Show DayTrade Trend Lines," is best suited for intraday trading due to its daily anchoring and morning update behavior. Use higher timeframe channels (e.g., enabled by "Show Weekly Trend Lines" or "Show Monthly Trend Lines") and market maker targets for broader context, as breaks of the DayTrade channel may align with or be influenced by larger trends. Confirmation Tools: Use additional indicators (e.g., RSI, MACD, or volume-based indicators) or candlestick patterns to confirm signals at trendlines, projections, heartlines, or dynamic S/R levels. The script’s alerts and market maker targets can help identify breakouts or key levels, but traders should verify with other technical or fundamental factors. Risk Management: Define risk-reward ratios before entering trades. For example, a 1:2 risk-reward ratio might involve risking a stop-loss below the lower trendline or a market maker support level to target the heartline or upper trendline. Market Conditions: The effectiveness of the channels, heartlines, and other features depends on market conditions (e.g., trending vs. ranging markets). In choppy markets, price may oscillate within the main channel or between dynamic S/R levels, favoring range-bound strategies. In trending markets, breaks of projections, reflection channels, or market maker targets may signal continuation trades. Limitations: The indicator relies on historical price data and does not incorporate volume, news, or other external factors. Traders should use it as part of a broader strategy and avoid relying solely on its signals. How to Use in TradingView Add the Indicator: Copy the script into TradingView’s Pine Editor, compile it, and add it to your chart. Configure Settings: Enable "Show DayTrade Trend Lines" to display the main DayTrade trendlines and projections. Use the "Show Reflection Channel" dropdown to select "None," "Lower," "Upper," or "Both" to display reflection channels. Toggle "Show DayTrade Heartline" and "Show Reflection Heartline(s)" to control heartline visibility. Adjust colors using "DayTrade Channel Color," "DayTrade Projection Channel Color," and "Heartline Color." Enable other timeframes (e.g., "Show Weekly Trend Lines," "Show Monthly Trend Lines") for additional context. Enable "Show Dynamic S/R Channels" and "Show Market Maker Targets" to display S/R lines and higher-timeframe levels. Adjust "Impulse Channel Distance (%)" and other S/R settings to customize dynamic S/R behavior. Set Alerts: Configure alerts in TradingView for "Upper Trend Break" or "Lower Trend Break" to receive notifications when a candle closes fully above or below any timeframe’s projections. Analyze the Chart: Monitor price interactions with trendlines, projections, heartlines, SuperTrend, EMA, VIDYA, dynamic S/R levels, and market maker targets. Look for bounces, breaks, or rejections at these levels to plan entries and exits. Use heartline breaks, EMA/VIDYA crossovers, or dynamic S/R confirmations as potential momentum signals. Align trades with market maker targets for higher-timeframe confluence. Test Strategies: Backtest line-to-line trading strategies in TradingView’s strategy tester or demo account to evaluate performance before trading with real capital. Conclusion The SuperTrend™ indicator provides a comprehensive framework for technical analysis by combining dynamic trend channels, a traditional SuperTrend, a 10-period EMA, VIDYA, dynamic S/R channels, and market maker targets across multiple timeframes. The DayTrade channel’s anchoring to previous and current day highs/lows before 12 PM, enabled by "Show DayTrade Trend Lines," creates a stable reference for intraday trading, while static trendlines, dynamic projections, and reflection channels guide traders in anticipating price movements. The heartlines, controlled by toggles like "Show DayTrade Heartline" and "Show Reflection Heartline(s)," offer potential insights into high-activity price levels, with breaks indicating momentum shifts. The SuperTrend, EMA, VIDYA, dynamic S/R channels, and market maker targets enhance the indicator by providing trend confirmation, dynamic support/resistance, and higher-timeframe context. Traders can use the indicator for line-to-line trading by targeting moves between trendlines, projections, reflection channels, and S/R levels, while managing risk with stop-losses and confirmations from other tools. The indicator should be used as part of a comprehensive trading plan.
Pine Script® göstergesi
Midgar- tarafından
RSI Grid HeatmapInspired by TradingView’s original RSI indicator and finalized with the support of Microsoft Copilot, this structural RSI visualizer with contextual color cues offers a minimalist view of RSI behavior using color-coded columns, dynamic labels, and optional data tables (controlled via toggle). It centers around the Relative Strength Index (RSI), its base (14-period average), adaptive volatility bands, etc.— implemented in the same spirit as TradingView’s native RSI + Bollinger setup. Heatmap Color Interpretations • 🔷 Teal = Bull Control • 🟩 Green = Trend Recovery • 🟦 Blue = Bias Awakening • 🟨 Yellow = Bear Softening • 🟧 Orange = Bull Fade • 🔶 Maroon = Bear Control • 🔴 Red = RSI Below Base • 🟢 Green = RSI Above Base • ⚫ Gray = Neutral / No Trade What’s Included • Scaled color columns showing RSI structural shifts • Optional live label that updates with each RSI state (or health) • Fill zones indicating rising or falling bias relative to RSI Base • Toggleable Table Mode: ▸ A full color legend for interpreting RSI states ▸ A 2-row data block showing current RSI, RSI Base, BB Upper, and BB Lower ▸ Band values are updated every bar and shown numerically (not plotted) A focused, low-noise RSI companion designed to help detect and highlight meaningful momentum shifts. Please use this alongside your favourite RSI indicator for enhanced visual context. No supportive screenshots are presented here— this script is intentionally kept simple and intuitive. Please, try it once, and the visual cues will speak for themselves.
Pine Script® göstergesi
Niel_Pritam tarafından
K Bands v2.2K Bands v2 - Settings Breakdown (Timeframe Agnostic) K Bands v2 is an adaptive volatility envelope tool designed for flexibility across different trading styles and timeframes. The settings below allow complete control over how the bands are constructed, smoothed, and how they respond to market volatility. 1. Upstream MA Type Controls the core smoothing applied to price before calculating the bands. Options: - EMA: Fast, responsive, reacts quickly to price changes. - SMA: Classic moving average, slower but provides stability. - Hull: Ultra smooth, reduces noise significantly but may react differently to choppy conditions. - GeoMean: Geometric mean smoothing, creates a unique, slightly smoother line. - SMMA: Wilder-style smoothing, balances noise reduction and responsiveness. - WMA: Weighted Moving Average, emphasizes recent price action for sharper responsiveness. 2. Smoothing Length Lookback period for the upstream moving average. - Lower values: Faster reaction, captures short-term shifts. - Higher values: Smoother trend depiction, filters out noise. 3. Multiplier Determines the width of the bands relative to calculated volatility. - Lower multiplier: Tighter bands, more signals, but increased false breakouts. - Higher multiplier: Wider bands, fewer false signals, more conservative. 4. Downstream MA Type Applies final smoothing to the band plots after initial calculation. Same options as Upstream MA. 5. Downstream Smoothing Length Lookback period for downstream smoothing. - Lower: More responsive bands. - Higher: Smoother, visually cleaner bands. 6. Band Width Source Selects the method used to calculate band width based on market volatility. Options: - ATR (Average True Range): Smooth, stable bands based on price range expansion. - Stdev (Standard Deviation): More reactive bands highlighting short-term volatility spikes. 7. ATR Smoothing Type Controls how the ATR or Stdev value is smoothed before applying to band width. Options: - Wilder: Classic, stable smoothing. - SMA: Simple moving average smoothing. - EMA: Faster, more reactive smoothing. - Hull: Ultra-smooth, noise-reducing smoothing. - GeoMean: Geometric mean smoothing. 8. ATR Length Lookback period for smoothing the volatility measurement (ATR or Stdev). - Lower: More reactive bands, captures quick shifts. - Higher: Smoother, more stable bands. 9. Dynamic Multiplier Based on Volatility Allows the band multiplier to adapt automatically to changes in market volatility. - ON: Bands expand during high volatility and contract during low volatility. - OFF: Bands remain fixed based on the set multiplier. 10. Dynamic Multiplier Sensitivity Controls how aggressively the dynamic multiplier responds to volatility changes. - Lower values: Subtle adjustments. - Higher values: More aggressive band expansion/contraction. K Bands v2 is designed to be adaptable across any market or timeframe, helping visualize price structure, trend, and volatility behavior.
Pine Script® göstergesi
jeremysawyer_mail tarafından
2
Mean Reversion Trading With IV Metrics (By MC) - Mobile FriendlyThis is a comprehensive mobile-optimized, multi-function trading indicator designed to assess mean reversion probabilities, pair correlations , and implied volatility metrics for single and paired securities. It includes a dynamic table and alert system for active trade decision support. 🔍 Key Features 📈 Mean Reversion % Probability Calculates reversion probability based on historical deviation from mean price. Supports both current chart timeframe and daily timeframe. Plots signals for: Strong Reversion (e.g., >75% probability) Moderate Reversion User-configurable thresholds and plot styles (line/histogram). 🔗 Pair Correlation Engine Compares any two user-selected tickers (e.g., SPY/TLT). Computes z-score of their price ratio. Displays correlation coefficient and color-coded strength. 📊 Volatility Metrics & IV Analysis Calculates: Current IV IV Percentile Rank (IVR) Fair IV using 3 methods: Market-relative (IV vs. SPX HV) SMA of HV SMA of VIX Implied Move over a forecast period (e.g., user-defined number of days) Shows IV boundaries: IV0, IV10, IV90, IV100 User-defined percentile bounds ⚠️ Alerts & Trade Signals Reversion-based alerts (Strong/Moderate). IV vs. Fair IV alerts. "Trade Quality" label rating (Very Low → High). 📋 Detailed Table Dashboard Customizable view: Compact or Full. Mobile-optimized layout with adjustable text size and placement. Includes: Mean reversion % (chart + daily) Pair correlation stats IV, IVR, Fair IV Net Implied Move range (upper/lower bounds) Trade quality, IV boundaries Correlation to SPY Today's % move Historical green/red day %s Avg % up/down moves 🌐 Market Volatility Overview Live readings of: VIX, VIX1D, VVIX MOVE (bond vol) GVZ (gold vol) OVX (oil vol) Includes % changes and color-coded risk interpretation. 📉 VIX-Based Expected Move Zones Optional display of 1σ / 2σ / 3σ bounds based on VIX-derived expected moves. Plots and labels price bands around mean using √12 scaling for monthly estimation. 🛠️ Customization Options Fully configurable via inputs: Lookback periods Z-score thresholds Volatility calculation method Text/table layout, compact/full mode Alert toggles and thresholds This indicator is ideal for: Mean reversion traders Options volatility analysis Correlation-based pair trading Volatility environment tracking
Pine Script® göstergesi
mclee1.2006 tarafından
3.RSI LIJO 45*55//@version=6 indicator(title="3.RSI LIJO 45*55", shorttitle="RSI-LIJO-45-55", format=format.price, precision=2, timeframe="", timeframe_gaps=true) rsiLengthInput = input.int(9, minval=1, title="RSI Length", group="RSI Settings") rsiSourceInput = input.source(close, "Source", group="RSI Settings") calculateDivergence = input.bool(false, title="Calculate Divergence", group="RSI Settings", display=display.data_window, tooltip="Calculating divergences is needed in order for divergence alerts to fire.") change = ta.change(rsiSourceInput) up = ta.rma(math.max(change, 0), rsiLengthInput) down = ta.rma(-math.min(change, 0), rsiLengthInput) rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down)) // Change RSI line color based on bands rsiColor = rsi > 50 ? color.green : rsi < 50 ? color.red : color.white rsiPlot = plot(rsi, "RSI", color=rsiColor) rsiUpperBand = hline(55, "RSI Upper Band", color=color.rgb(5, 247, 22)) midline = hline(50, "RSI Middle Band", color=color.new(#787B86, 50)) rsiLowerBand = hline(45, "RSI Lower Band", color=color.rgb(225, 18, 14)) fill(rsiUpperBand, rsiLowerBand, color=color.rgb(126, 87, 194, 90), title="RSI Background Fill") midLinePlot = plot(50, color=na, editable=false, display=display.none) fill(rsiPlot, midLinePlot, 100, 55, top_color=color.new(color.green, 0), bottom_color=color.new(color.green, 100), title="Overbought Gradient Fill") fill(rsiPlot, midLinePlot, 45, 0, top_color=color.new(color.red, 100), bottom_color=color.new(color.red, 0), title="Oversold Gradient Fill") // Smoothing MA inputs GRP = "Smoothing" TT_BB = "Only applies when 'SMA + Bollinger Bands' is selected. Determines the distance between the SMA and the bands." maTypeInput = input.string("SMA", "Type", options= , group=GRP, display=display.data_window) maLengthInput = input.int(31, "Length", group=GRP, display=display.data_window) bbMultInput = input.float(2.0, "BB StdDev", minval=0.001, maxval=50, step=0.5, tooltip=TT_BB, group=GRP, display=display.data_window) var enableMA = maTypeInput != "None" var isBB = maTypeInput == "SMA + Bollinger Bands" // Smoothing MA Calculation ma(source, length, MAtype) => switch MAtype "SMA" => ta.sma(source, length) "SMA + Bollinger Bands" => ta.sma(source, length) "EMA" => ta.ema(source, length) "SMMA (RMA)" => ta.rma(source, length) "WMA" => ta.wma(source, length) "VWMA" => ta.vwma(source, length) // Smoothing MA plots smoothingMA = enableMA ? ma(rsi, maLengthInput, maTypeInput) : na smoothingStDev = isBB ? ta.stdev(rsi, maLengthInput) * bbMultInput : na plot(smoothingMA, "RSI-based MA", color=color.yellow, display=enableMA ? display.all : display.none, editable=enableMA) bbUpperBand = plot(smoothingMA + smoothingStDev, title="Upper Bollinger Band", color=color.green, display=isBB ? display.all : display.none, editable=isBB) bbLowerBand = plot(smoothingMA - smoothingStDev, title="Lower Bollinger Band", color=color.green, display=isBB ? display.all : display.none, editable=isBB) fill(bbUpperBand, bbLowerBand, color=isBB ? color.new(color.green, 90) : na, title="Bollinger Bands Background Fill", display=isBB ? display.all : display.none, editable=isBB) // Divergence lookbackRight = 5 lookbackLeft = 5 rangeUpper = 60 rangeLower = 5 bearColor = color.red bullColor = color.green textColor = color.white noneColor = color.new(color.white, 100) _inRange(bool cond) => bars = ta.barssince(cond) rangeLower <= bars and bars <= rangeUpper plFound = false phFound = false bullCond = false bearCond = false rsiLBR = rsi if calculateDivergence //------------------------------------------------------------------------------ // Regular Bullish // rsi: Higher Low plFound := not na(ta.pivotlow(rsi, lookbackLeft, lookbackRight)) rsiHL = rsiLBR > ta.valuewhen(plFound, rsiLBR, 1) and _inRange(plFound ) // Price: Lower Low lowLBR = low priceLL = lowLBR < ta.valuewhen(plFound, lowLBR, 1) bullCond := priceLL and rsiHL and plFound //------------------------------------------------------------------------------ // Regular Bearish // rsi: Lower High phFound := not na(ta.pivothigh(rsi, lookbackLeft, lookbackRight)) rsiLH = rsiLBR < ta.valuewhen(phFound, rsiLBR, 1) and _inRange(phFound ) // Price: Higher High highLBR = high priceHH = highLBR > ta.valuewhen(phFound, highLBR, 1) bearCond := priceHH and rsiLH and phFound plot( plFound ? rsiLBR : na, offset = -lookbackRight, title = "Regular Bullish", linewidth = 2, color = (bullCond ? bullColor : noneColor), display = display.pane, editable = calculateDivergence) plotshape( bullCond ? rsiLBR : na, offset = -lookbackRight, title = "Regular Bullish Label", text = " Bull ", style = shape.labelup, location = location.absolute, color = bullColor, textcolor = textColor, display = display.pane, editable = calculateDivergence) plot( phFound ? rsiLBR : na, offset = -lookbackRight, title = "Regular Bearish", linewidth = 2, color = (bearCond ? bearColor : noneColor), display = display.pane, editable = calculateDivergence) plotshape( bearCond ? rsiLBR : na, offset = -lookbackRight, title = "Regular Bearish Label", text = " Bear ", style = shape.labeldown, location = location.absolute, color = bearColor, textcolor = textColor, display = display.pane, editable = calculateDivergence) alertcondition(bullCond, title='Regular Bullish Divergence', message="Found a new Regular Bullish Divergence, Pivot Lookback Right number of bars to the left of the current bar.") alertcondition(bearCond, title='Regular Bearish Divergence', message='Found a new Regular Bearish Divergence, Pivot Lookback Right number of bars to the left of the current bar.')
Pine Script® göstergesi
ibrahimkuttykk tarafından
Momentum 1H by smaThis script provides a simplified momentum histogram based on Bollinger Bands and Keltner Channels (Squeeze logic), calculated strictly on the 1-hour timeframe. It highlights potential compression (squeeze) conditions and directional shifts in momentum using color-coded visuals. The histogram updates smoothly with continuity, even when used on smaller timeframes, by retrieving 1H data and filling gaps for a clean display. Useful as a higher-timeframe filter or a momentum confirmation layer. — Note: The internal logic is proprietary and not publicly disclosed.
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sma55200 tarafından
CipherMatrix Dashboard (MarketCipher B)does it work. A lightweight, multi-time-frame overlay that turns MarketCipher B data into an at-a-glance dashboard: Time-frames shown: current chart TF first, then 5 m, 15 m, 30 m, 1 H, 4 H, Daily. Bias icons: 🌙 = bullish (MCB > 0) 🩸 = bearish (MCB < 0) Signal icons: ⬆️ = histogram crosses above 0 (potential long) ⬇️ = histogram crosses below 0 (potential short) Table location: bottom-right of chart; updates on every confirmed bar.
Pine Script® göstergesi
cdhughes11 tarafından
CCI Trading SystemCCI Trading System with Signal Bar Coloring Overview This indicator combines the classic Commodity Channel Index (CCI) oscillator with visual signal detection and bar coloring to help traders identify potential momentum shifts and trading opportunities. Features CCI Oscillator Display: Shows CCI values in a separate pane with customizable period length Adjustable Thresholds: User-defined buy and sell levels (default: -100 buy, +100 sell) Visual Signal Detection: Triangle markers indicate crossover points Bar Coloring: Highlights only the bars where actual buy/sell signals occur Zone Highlighting: Background colors show overbought/oversold conditions Real-time Information Table: Displays current CCI value, thresholds, and signal status Built-in Alerts: Notification system for signal generation How It Works The indicator generates signals based on CCI threshold crossovers: Buy Signal: Triggered when CCI crosses above the buy threshold (lime bar coloring) Sell Signal: Triggered when CCI crosses below the sell threshold (red bar coloring) Input Parameters CCI Length: Period for CCI calculation (default: 20) Buy Threshold: Level for buy signal generation (default: -100) Sell Threshold: Level for sell signal generation (default: +100) Enable Bar Coloring: Toggle for chart bar coloring Show Signals: Toggle for signal markers Usage Guidelines Adjust thresholds based on your trading timeframe and volatility preferences Use in conjunction with other technical analysis tools for confirmation Consider market context and trend direction when interpreting signals The -200/+200 levels serve as additional reference points for extreme conditions Educational Purpose This indicator is designed for educational and analysis purposes. It demonstrates how CCI can be used to identify potential momentum shifts in price action. The visual elements help traders understand the relationship between CCI values and price movements. Risk Disclaimer This indicator is a technical analysis tool and does not guarantee profitable trades. Past performance does not indicate future results. Always conduct your own analysis and consider risk management principles. Trading involves substantial risk of loss and is not suitable for all investors. Technical Notes Uses Pine Script v5 Plots CCI with standard deviation-based calculation Includes crossover/crossunder functions for signal generation Features conditional bar coloring for signal visualization Incorporates alert conditions for automated notifications This script is open source and available for modification and educational use.
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profitgang tarafından
RelicusRoad - Gold & Bitcoin90% of traders lose money because they do not know what they are doing. They do not have a system in place that works. They do not have a mentor to guide them. They do not have a community to support them. They do not have the right tools to help them make better decisions. RelicusRoad is the ultimate trading system that will help you make better decisions and become a better trader. It is the result of years of research and development by a team of professional traders who have been in the market for over 10 years.
Pine Script® göstergesi
Pyrem tarafından
Engulfing Pattern LineThe "Engulfing Pattern Line" is a custom TradingView indicator designed to identify and visualize engulfing candlestick patterns on a price chart, which are commonly used in technical analysis to predict potential reversals or continuations in market trends. This indicator specifically detects bullish and bearish engulfing patterns and draws a line extending from the engulfed candle for a user-defined number of candles.
Pine Script® göstergesi
DimanDA tarafından
GX Credit Spread SignalThe GX Credit Spread Signal is an advanced indicator designed for traders who trade options strategies on the SPX index, especially using vertical credit spreads. It combines traditional technical analysis with volatility and option pricing concepts to provide relevant signals and projections on the chart. Main features: Trend analysis: Uses opening gap, position relative to VWAP and simple moving average (SMA 50) to indicate bullish or bearish bias right after the first 15-minute candle. Safe range projection: Calculates a range based on the ATR (Average True Range) multiplied by a safety factor, suggesting potential strikes for credit spreads. Quantitative estimates: Calculates the estimated delta of options via the Black-Scholes formula approximation. Estimated probability of expiring out of the money (OTM). Chart visualizations: Displays projected ATR lines, previous day's levels (high, low, close) and an informative panel with strikes, delta, OTM probability, ATR and VWAP data. Configurable alerts: Notifications for detected bullish or bearish bias, helping the trader to identify opportunities quickly. This indicator is ideal for those who day trade with SPX options, facilitating decision-making by combining technical analysis, volatility and option probabilities in one place.
Pine Script® göstergesi
GustavoBA tarafından