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PORSCHE 2.0 OSCILLATOR PORSCHE 2.0 OSCILLATOR - Multi-Indicator Powerhouse for TradingView The PORSCHE 2.0 OSCILLATOR is a sophisticated multi-indicator tool that combines the power of MACD and OBV-ADX analysis into one comprehensive oscillator. Designed for traders who want clean, actionable signals without visual clutter, this indicator provides deep market insights through momentum and volume-based analysis. 🎯 KEY FEATURES: 🔹 Dual Analysis System: MACD Component: Classic MACD lines (blue MACD line & red Signal line) for trend momentum OBV-ADX Component: Advanced volume-based directional movement analysis 🔹 Clean Visual Design: Slim, elegant lines for better chart clarity Prominent histogram for DI Difference visualization No distracting arrows or unnecessary plot markers Custom color scheme for optimal visibility 🔹 Flexible Display Options: Toggle MACD display on/off Switch between ADX line view and DI Difference histogram Adjustable background highlights for strong signals Customizable parameters for all components 📊 COMPONENTS EXPLAINED: MACD Section: Fast & slow EMA comparison for momentum shifts Clean crossover signals without histogram clutter Customizable periods and MA types OBV-ADX Section: On-Balance Volume (OBV) based Directional Indicators ADX smoothing for trend strength measurement DI Difference histogram showing momentum direction "MyGreen/MyRed" background highlights for strong trend conditions ⚙️ CUSTOMIZABLE PARAMETERS: MACD fast/slow lengths and smoothing DI Length and ADX smoothing periods Multiple MA type options (SMA/EMA) Toggle individual components on/off 🎨 VISUAL ENHANCEMENTS: Increased histogram size for better visibility Optimized line thickness for clean appearance Professional color coding Zero-line reference for easy interpretation Perfect for traders who want the combined power of momentum and volume indicators in one clean, professional package. The PORSCHE 2.0 OSCILLATOR helps identify trend strength, momentum shifts, and potential entry/exit points with exceptional clarity. ▶️ Add to your TradingView chart today and elevate your technical analysis!
Pine Script® göstergesi
OctopusTrader2830 tarafından
ALMASTO – Pro Trend & Momentum (v1.1)ALMASTO — Pro Trend & Momentum Strategy Description: This strategy is designed for precision trading in both Forex (FX) and Crypto markets. It combines multi-timeframe trend confirmation (EMA200), momentum filters (RSI, MACD, ADX), and ATR-based dynamic risk management. ALMASTO — Pro Trend & Momentum Strategy automatically manages take-profit levels, stop-loss, and breakeven adjustments once TP1 is reached — providing a structured and emotion-free trading approach. Optimal Use Works best on lower timeframes (5m–15m) with strong liquidity sessions. Optimized for pairs like EURUSD, XAUUSD, and BTCUSDT. Built for trend-following setups and momentum reversals with high volatility confirmation. Recommended Settings 🔹 Forex – 5m EMA Fast = 34, EMA Slow = 200, HTF = 1H RSI (14): Long ≥ 55 / Short ≤ 45 MACD (8 / 21 / 5), ADX Len 10 / Min 27 ATR Len 7, Stop Loss = ATR × 2.1 TP1 = 1.1 RR, TP2 = 2.3 RR Session = 07:00–11:00 & 12:30–16:00 (Exchange Time) Risk = 0.8% per trade 🔹 Forex – 15m EMA Fast = 50, EMA Slow = 200, HTF = 4H RSI (14): Long ≥ 53 / Short ≤ 47 MACD (12 / 26 / 9), ADX Min 24 ATR Len 10, SL = ATR × 1.9 TP1 = 1.2 RR, TP2 = 2.6 RR Risk = 1.0% per trade 🔹 Crypto – 5m (BTC/USDT) EMA Fast = 34, EMA Slow = 200, HTF = 4H RSI (14): Long ≥ 56 / Short ≤ 44 MACD (8 / 21 / 5), ADX Min 30 ATR Len 7, SL = ATR × 2.2 TP1 = 1.0 RR, TP2 = 2.5 RR Session = 00:00–06:00 & 12:00–22:00 (UTC) Risk = 0.5% per trade Core Features ✅ Auto breakeven after TP1 ✅ Dual take-profit system (1:1 & 1:2 RR) ✅ ATR-based stop & trailing logic ✅ Filters for session time, volume, and volatility ✅ Candle-body vs ATR size filter to avoid noise ✅ Optional cooldown between trades Important Notes Use bar close confirmation only (barstate.isconfirmed) to avoid repainting on lower timeframes. Adjust commission (0.01–0.03%) and slippage (1–2 ticks) in Strategy Tester for realistic results. Avoid low-liquidity hours (after 21:00 UTC for FX / after midnight for crypto). Backtest using realistic broker data (e.g., BlackBull Markets / Bybit / Binance Futures). Best results occur during London & New York sessions with moderate volatility. ⚠️ Disclaimer This script is for educational and research purposes only. It does not constitute financial advice. Use proper risk management and test thoroughly before using on live accounts. Developed by KING FX Labs Built and optimized by Yousef Almasto — combining advanced price-action logic, multi-timeframe EMA structure, and volatility-adaptive ATR management. Tested across Forex, Gold, and Crypto markets to ensure consistent performance and minimal drawdown. 📈 “Precision Trading. Zero Emotion. Pure Momentum.”
Pine Script® stratejisi
A-Yousef tarafından
Diodato 'All Stars Align' SignalDescription: This indicator is an overlay that plots the "All Stars Align" buy signal from Chris Diodato's 2019 CMT paper, "Making The Most Of Panic." It is designed to identify high-conviction, short-term buying opportunities by requiring a confluence of both price-based momentum and market-internal weakness. What It Is This script works entirely in the background, calculating three separate indicators: the 14-day Slow Stochastic, the Short-Term Capitulation Oscillator (STCO), and the 3-DMA of % Declining Issues. It then plots a signal directly on the main price chart only when the specific "All Stars Align" conditions are met. How to Interpret A green cross (+) appears below a price bar when a high-conviction buy signal is generated. This signal triggers only when two primary conditions are true: The 14-day Slow Stochastic is in "oversold" territory (e.g., below 20). AND at least one of the market internal indicators shows a state of panic: Either the STCO is oversold (e.g., below 140). Or the 3-DMA % Declines shows a panic spike (e.g., above 65). This confluence signifies a potential exhaustion of sellers and can mark an opportune moment to look for entries. Settings Trigger Thresholds: You can customize the exact levels that define an "oversold" or "panic" state for each of the three underlying indicators. Data Sources: Allows toggling the use of "Unchanged" data for the background calculations. Stochastic Settings: You can adjust the parameters for the Slow Stochastic calculation.
Pine Script® göstergesi
suresh789 tarafından
BATOOT//@version=5 indicator('BATOOT', overlay=true) length = input.int(title='Length', minval=1, maxval=1000, defval=18) upBound = ta.highest(high, length) downBound = ta.lowest(low, length) LONG = ta.cross(high, upBound) SHORT = ta.cross(low, downBound) switch_1 = 0 setA = 0 setB = 0 if LONG and switch_1 == 0 switch_1 := 1 setA := 1 setB := 0 setB else if SHORT and switch_1 == 1 switch_1 := 0 setA := 0 setB := 1 setB else switch_1 := nz(switch_1 , 0) setA := 0 setB := 0 setB plotshape(setA, title='LONG', style=shape.triangleup, text='BUY', color=color.new(color.green, 0), textcolor=color.new(color.green, 0), location=location.belowbar, size=size.small) plotshape(setB, title='SHORT', style=shape.triangledown, text='SHORT', color=color.new(color.red, 0), textcolor=color.new(color.red, 0), location=location.abovebar, size=size.small) alertcondition(setA, title='LONG', message='LONG!') alertcondition(setB, title='SHORT', message='SHORT!') //Support and Resistance line_width = 3 sr_tf = input.timeframe('', title='S/R Timeframe') //Legacy RSI calc rsi_src = close len = 9 up1 = ta.rma(math.max(ta.change(rsi_src), 0), len) down1 = ta.rma(-math.min(ta.change(rsi_src), 0), len) legacy_rsi = down1 == 0 ? 100 : up1 == 0 ? 0 : 100 - 100 / (1 + up1 / down1) //CMO based on HMA length1 = 1 src1 = ta.hma(open, 5) // legacy hma(5) calculation gives a resul with one candle shift, thus use hma() src2 = ta.hma(close, 12) momm1 = ta.change(src1) momm2 = ta.change(src2) f1(m, n) => m >= n ? m : 0.0 f2(m, n) => m >= n ? 0.0 : -m m1 = f1(momm1, momm2) m2 = f2(momm1, momm2) sm1 = math.sum(m1, length1) sm2 = math.sum(m2, length1) percent(nom, div) => 100 * nom / div cmo_new = percent(sm1 - sm2, sm1 + sm2) //Legacy Close Pivots calcs. len5 = 2 h = ta.highest(len5) h1 = ta.dev(h, len5) ? na : h hpivot = fixnan(h1) l = ta.lowest(len5) l1 = ta.dev(l, len5) ? na : l lpivot = fixnan(l1) //Calc Values rsi_new = ta.rsi(close, 9) lpivot_new = lpivot hpivot_new = hpivot sup = rsi_new < 25 and cmo_new > 50 and lpivot_new res = rsi_new > 75 and cmo_new < -50 and hpivot_new calcXup() => var xup = 0.0 xup := sup ? low : xup xup calcXdown() => var xdown = 0.0 xdown := res ? high : xdown xdown //Lines drawing variables tf1 = request.security(syminfo.tickerid, sr_tf, calcXup(), lookahead=barmerge.lookahead_on) tf2 = request.security(syminfo.tickerid, sr_tf, calcXdown(), lookahead=barmerge.lookahead_on) //SR Line plotting var tf1_line = line.new(0, 0, 0, 0) var tf1_bi_start = 0 var tf1_bi_end = 0 tf1_bi_start := ta.change(tf1) ? bar_index : tf1_bi_start tf1_bi_end := ta.change(tf1) ? tf1_bi_start : bar_index if ta.change(tf1) tf1_line := line.new(tf1_bi_start, tf1, tf1_bi_end, tf1, color=color.green, width=line_width) tf1_line line.set_x2(tf1_line, tf1_bi_end) var tf2_line = line.new(0, 0, 0, 0) var tf2_bi_start = 0 var tf2_bi_end = 0 tf2_bi_start := ta.change(tf2) ? bar_index : tf2_bi_start tf2_bi_end := ta.change(tf2) ? tf2_bi_start : bar_index if ta.change(tf2) tf2_line := line.new(tf2_bi_start, tf2, tf2_bi_end, tf2, color=color.orange, width=line_width) tf2_line line.set_x2(tf2_line, tf2_bi_end)
Pine Script® göstergesi
m00al tarafından
3DMA % Declining Issues (Diodato 2019)Description: This script is a faithful implementation of the "3-DMA % Declining Issues" indicator from Chris Diodato's 2019 CMT paper, "Making The Most Of Panic." It is a simple but highly effective short-term panic meter based on market breadth. What It Is This indicator first calculates the percentage of total traded issues on the NYSE that were decliners for that day. It then plots a 3-day simple moving average of that percentage. The result is a 0-100 scale indicator that provides a clear visual of the intensity of recent, widespread selling pressure. How to Interpret Unlike a typical "oversold" oscillator where low is a signal, with this indicator, a high value indicates panic. Panic Spikes: A sharp spike upward suggests that a very large portion of the market is selling off simultaneously. The paper found that when this indicator exceeded 65%, 70%, or 75%, it often marked a point of extreme short-term panic that presented a buying opportunity. Panic Threshold: The script includes a customizable "Panic Threshold" line (defaulting to 65) to help you instantly spot these events. Settings Data Sources: Allows toggling the use of "Unchanged" issues data. Thresholds: You can set the "Panic Threshold" line to your preferred level (e.g., 65, 70, 75).
Pine Script® göstergesi
suresh789 tarafından
Arisa RSI Rebound Alert (v6.2)Short description: Simple RSI-based rebound detection with ATR confirmation — designed for traders who prefer a clean and intuitive signal. Full description: This indicator detects oversold and rebound phases using RSI and confirms the strength of each rebound with ATR slope analysis. It is optimized for deep correction phases (e.g. RSI 25→35 cross), helping traders catch early reversal signals while avoiding unnecessary noise. 💡 Recommended use: • Timeframes: 30min–4h • Ideal for short- to mid-term rebound trades • Combine with Heikin-Ashi or volume expansion for higher accuracy ✨ Key Features: • Clear oversold/rebound thresholds (default RSI <25 / cross-up >35) • Background highlight for deep oversold conditions • Visual markers for strong vs. weak rebounds (ATR slope filter) • Alert-ready (three conditions included) 🪶 Concept: This script is designed for traders who value simplicity and intuition — focusing on meaningful signals rather than automation overload. It’s for those who still want to see and feel the market before taking action. ⸻ Author: Arisa Sanjo (Japan) Created with the support of GPT-5, based on live trading insights from October 2025. License: Free to use and modify with proper attribution. If you redistribute or enhance this script, please mention “Based on Arisa RSI Rebound Alert (v6.2)” in your description.
Pine Script® göstergesi
Lebia_Maverick tarafından
Asian, UK & NY SessionTimes and Day Highs and LowsWhat It Does The Asian, UK & NY Sessions indicator automatically identifies and highlights the three major global trading sessions on your chart. For each session, it: Detects session time in its local timezone. Tracks the session’s highest and lowest prices. Plots colored horizontal lines to show those levels throughout the trading day. Optionally shades each session’s background in its signature color for instant visual context: 🟡 Asian Session: Yellow background 🔴 London Session: Red background 🔵 New York Session: Blue background This helps traders see how price reacts within and between sessions — spotting overlaps, liquidity zones, and daily ranges. ⚙️ Inputs and Variables Input Description Extend lines until next session start (extendLines) Extends each session’s high/low lines forward until the next session begins. Show prices in scale column (showScaleValues) Controls whether the price labels for session highs/lows appear on the chart’s right-hand price scale. Show All Session Highs & Lows (showAllHighsLows) Master switch — turn this off to hide all session lines instantly, keeping the chart clean. Show Session Backgrounds (showBackgrounds) Turns all background shading on or off. When off, all session colors disappear. Background Opacity (bgOpacityAll) Adjusts the transparency for all session backgrounds (0 = solid, 100 = fully transparent). 🎨 Visual Color Scheme Session Background High/Low Line Asian Yellow Green London Red Red New York Blue Blue Each color has a consistent role — making it easy to distinguish sessions even in replay or live view. Price Tracking: For each session, the indicator resets High and Low when the new session starts, then updates them as bars print. Display Control: If lines or backgrounds are disabled via settings, they’re completely hidden (no clutter, no partial transparency). 💡 How Traders Use It Identify daily ranges in each global session. Compare volatility between markets. Align entries or exits with session transitions. Observe how price respects previous session highs/lows.
Pine Script® göstergesi
crowboy9798 tarafından
PORSCHE 2.0PORSCHE Trading Indicator - Complete Technical Analysis Suite Overview The PORSCHE indicator is a comprehensive multi-strategy trading tool that combines multiple technical analysis approaches into a single, powerful indicator. It provides traders with a complete market analysis framework including trend identification, support/resistance levels, volume analysis, and session-based trading insights. Core Components 1. Trend Analysis System Multiple EMA Clouds EMA 75 with dynamic cloud based on standard deviation EMA 150 with adaptive cloud boundaries EMA 50 cloud for short-term trend direction Dual Hull Moving Average Bands Hull Band 1 (55-period) for medium-term trends Hull Band 2 (100-period) for long-term trends Color-coded trend direction (Green=Up, Red=Down) Multiple Hull variations available (HMA, EHMA, THMA) 2. Support & Resistance Detection Advanced Swing High/Low System Customizable swing strength (1-5 bars) Real-time swing level detection Option to remove swept liquidity levels Visual distinction between current and past swing levels Alert conditions for breakouts 3. Multi-Timeframe Market Structure Daily High/Low Levels Yesterday's high and low plotted as steplines Visual labels for easy reference Weekly High/Low Levels Previous week's key levels Session-based plotting for relevant timeframes 4. Volume-Based Trading Signals Vector Candle Zones (VCZ) Volume-based candle coloring system Four vector types based on volume spikes: Red Vector: High volume bearish candles Green Vector: High volume bullish candles Violet Vector: Medium volume bearish candles Blue Vector: Medium volume bullish candles Dynamic zone creation based on vector candles Customizable zone transparency and colors 5. Dual Trading Bot Systems UT Bot Alerts ATR-based trailing stop system Buy/Sell signals with label indicators Heikin Ashi option for smoother signals Customizable sensitivity settings Classic UT Bot Alternative ATR trailing stop implementation Color-coded bar system (Green=Bullish, Red=Bearish) Separate alert conditions for flexibility 6. Global Session Tracking Comprehensive Session Detection Asian Session (23:00-06:00 UTC) Sydney Session (23:00-05:00 UTC) Tokyo Session (00:00-06:00 UTC) European Session (07:00-16:30 UTC) London Session (08:00-16:30 UTC) New York Session (13:00-22:00 UTC) NYSE Session (14:30-22:00 UTC) Session Features Real-time session status table High/Low detection within each session Visual boxes and labels for session ranges Color-coded session identification Key Features Visual Customization Fully customizable colors for all components Adjustable line thickness and styles Transparency controls for clouds and zones Flexible label positioning and styling Alert System Swing level breakouts UT Bot buy/sell signals Multiple alert conditions for different strategies Customizable alert messages Multi-Timeframe Compatibility Higher timeframe Hull MA options Automatic adaptation to chart timeframe Session-based filtering for relevant levels Performance Optimization Configurable maximum objects (boxes, lines, labels) Efficient memory management Real-time calculation updates Trading Applications Trend Following Use EMA clouds and Hull bands for trend direction Trade in direction of multiple timeframe alignment Utilize cloud boundaries as dynamic support/resistance Breakout Trading Monitor swing level breaks for momentum entries Use volume vectors to confirm breakout validity Combine with session highs/lows for key level breaks Mean Reversion Trade bounces from EMA clouds and Hull bands Use swing levels as reversal zones Session-based range trading opportunities Volume Analysis Identify institutional activity through vector candles Use volume zones for confluence with price levels Gauge market sentiment through candle coloring Input Parameters The indicator offers extensive customization through input parameters grouped by functionality: EMA and cloud settings Hull MA configurations Swing detection parameters Volume vector thresholds Session time configurations Visual styling options Compatibility Platform: TradingView Version: Pine Script v5 Timeframes: All (optimized for 1H and above) Markets: Forex, Stocks, Crypto, Futures Unique Value Proposition The PORSCHE indicator stands out by integrating multiple proven trading methodologies into a cohesive system, eliminating the need for multiple separate indicators and providing traders with a unified market analysis tool that covers trend, momentum, volume, and session-based analysis simultaneously. This comprehensive approach allows traders to make informed decisions with multiple confluences, reducing false signals and improving overall trading performance.
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OctopusTrader2830 tarafından
6
RSI Core Analysis EngineHI traders This tool employs a higher-sensitivity RSI than conventional settings to capture market shifts earlier. When the Ultra Fast RSI (UF) approaches upper or lower extremes, short-term profit-taking or pullbacks tend to occur, and a crossover between UF and the Composite RSI can serve as a signal of a regime change. However, in strong trends the RSI can remain pinned for extended periods, so combine it with ADX, volume, and volatility measures to improve accuracy. While early detection is an advantage, it also increases noise. This tool uses a four-stage confirmation process (DMI/ADX → MACD/Stochastics/RSI acceleration → five-layer alignment) and quality/confidence scores to filter for higher-expectancy setups. It will not be effective in every market condition. Use it with predefined stop-losses and prudent position sizing. ------------------------------------------------------------------------------------------------------- Strongly recommended preset (because the indicator packs many features): Step 1 — Inputs tab Center Level: 50 OB1: 60, OB2: 70, OB3: 95 OS1: 40, OS2: 30, OS3: 5 Step 2 — Style tab ✅ Ultra Fast RSI — Thickest ✖ Fast RSI ✖ Medium RSI ✖ Standard RSI ✖ Slow RSI ✅ Composite RSI — Thickest ✅ Stage Indicator ✖ RSI Velocity ✖ RSI Acceleration ✅ Quality Score ✅ Bullish Cross ✅ Bearish Cross ✅ Strong Signal Background Levels: ・✅ Center 50 — Thickest ・✅ OB1 60, OB2 70, OB3 95 (thicker) ・✅ OS1 40, OS2 30, OS3 5 (thicker) ------------------------------------------------------------------------------------------------------------- thats enough have a nice trade
Pine Script® göstergesi
Hunk77 tarafından
PsyExpansionPanel_v5_KohlhaasThe PsyExpansionPanel measures the energy in the market, combining volatility, momentum, and volume into one composite signal. It helps identify when a move is genuine and powerful — not just visually strong but backed by volatility and participation. ⸻ ⚙️ Core Idea When the blue line (Expansion Score) rises above the orange line (Threshold), the market enters an expansion phase — volatility, speed, and participation all increase together. This is the moment when a move becomes serious and emotionally charged. ⸻ 📊 What Each Line Means • Blue line → Expansion Score (combined energy from ATR%, ROC, and Volume) • Orange line → Threshold (e.g. 0.75) — when crossed, expansion is active • Gray line → Neutral zone — calm market, low activity When the blue line crosses above the orange threshold, the background turns orange, signaling: Expansion Active. ⸻ 🧠 Market Psychology Behind It During expansion, three things happen at once: 1. Volatility (ATR%) increases → traders become emotional (fear or greed rises) 2. Momentum (ROC) accelerates → price moves faster than usual 3. Volume rises above average → more participants join the move This combination signals a transition from equilibrium to collective emotional action — a moment when trends or reversals often begin.
Pine Script® göstergesi
Bernd1981 tarafından
VSTrade OMCThe indicator calculates the ratio of Open Interest (OI) of a futures contract to the market capitalization (Market Cap) of the spot asset. OI is the number of open (unclosed) futures positions in the market, expressed in contracts. Market Cap is the total value of the asset (price * circulating supply). The ratio shows how "overheated" or "interesting" the futures market is relative to the size of the asset.This is not a direct trading signal, but a tool for analyzing liquidity, speculation, and market sentiment. Индикатор рассчитывает отношение Open Interest (OI) фьючерсного контракта к рыночной капитализации (Market Cap) спотового актива. OI — это количество открытых (незакрытых) фьючерсных позиций на рынке, выраженное в контрактах. Market Cap — общая стоимость актива (цена * circulating supply). Отношение (ratio) показывает, насколько "перегрет" или "интересен" рынок фьючерсов относительно размера актива. Это не прямой торговый сигнал, а инструмент для анализа ликвидности, спекуляции и рыночных настроений.
Pine Script® göstergesi
Vector_Trading_PE tarafından
High Volume & Near All-Time HighThe **High Volume & Near All-Time High Screener** is a simple yet powerful Pine Script tool designed to help traders identify stocks showing strong price momentum and trading activity. This screener automatically scans multiple tickers that you define in the settings and highlights those meeting two key conditions — daily trading volume greater than **500,000 shares** and the closing price being **within a set percentage (default 2%) of its all-time high**. The results are displayed in an easy-to-read table directly on your chart, making it ideal for traders who want to quickly spot potential breakout stocks without switching between multiple charts. **How to Use:** To use this script, open your **TradingView Pine Editor**, paste the code, and click **“Add to Chart.”** Make sure your chart is set to the **Daily timeframe (1D)**, as the script pulls daily data automatically. You can customize the list of symbols, the minimum volume threshold, and the proximity percentage in the settings panel to match your trading style. Once added, the screener will display a table on the right side of your chart showing each symbol, its latest closing price, and whether it currently meets the breakout conditions. A ✅ mark indicates that the stock meets both criteria. This tool works best for swing traders and momentum investors who want to focus on high-volume stocks nearing new highs for potential entries.
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novascotiamuman tarafından
Supply In Profit Z-Score | Wave BackgroundSupply in Profit Z-Score Modified by Quant_Hustler | Original by QuantChook What it does The Supply in Profit Z-Score measures how extreme the balance is between BTC addresses in profit versus those in loss compared to historical norms. It highlights periods of excessive optimism or pessimism, helping traders identify market sentiment extremes that can signal potential turning points or confirm ongoing trends. This version is designed for longer-term strategies, using smoothing and statistical normalization to focus on broader market sentiment cycles rather than short-term noise. How it works --Data Retrieval: Pulls on-chain data showing the percentage of Bitcoin addresses currently in profit and in loss. --Spread Calculation: Finds the difference between the two to gauge overall sentiment balance. --Alpha Decay Adjustment (optional): Normalizes extreme values to stabilize the signal over time. --Smoothing: Applies a moving average to filter daily volatility and improve long-term clarity. --Z-Score Conversion: Standardizes the data to show how far current sentiment deviates from historical averages. --Visualization: Plots the result around a neutral midpoint (zero line) — positive values indicate profit dominance, negative values indicate loss dominance. How to use it --Above Zero: More addresses in profit → bullish sentiment and strong trend conditions. --Below Zero: More addresses in loss → bearish sentiment or potential accumulation zones. --Extreme Values: Mark overly optimistic or capitulated sentiment, often preceding major reversals. Why use it in trend following --This indicator serves as an on-chain sentiment confirmation layer for trend-following systems, especially on higher timeframes (daily or weekly). --In uptrends, sustained positive readings confirm market strength and investor confidence. --In downtrends, persistent negative readings confirm weakness and help avoid false reversal signals. --Divergences between price and sentiment (e.g., rising price but weakening sentiment) often signal momentum loss or potential trend transitions. Modifications from the original by QuantChook Added EMA, adaptive Z-score smoothing and capping to reduce volatility and noise. Introduced a wave-style visualization for intuitive sentiment shifts. Improved calculation structure and upgraded for Pine Script v6 efficiency. Tuned signal responsiveness and smoothing parameters for long-term trend accuracy. Simplified user inputs and grouping for easier customization and integration. In summary: A refined, statistically grounded on-chain sentiment oscillator — originally developed by QuantChook and enhanced by Quant_Hustler — built to support long-term trend-following strategies by quantifying Bitcoin market sentiment through real-time profit and loss dynamics.
Pine Script® göstergesi
Quant_Hustler tarafından