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Candlestick analysis

MTF CRT Setup Finder (Raids + BOS linked)//@version=6 indicator("MTF CRT Setup Finder (Raids + BOS linked)", overlay=true, max_lines_count=500) // === INPUTS === lookback = input.int(5, "Swing Lookback Bars", minval=2) // === Function: Detect swing highs/lows === swingHigh(src, lb) => ta.pivothigh(src, lb, lb) swingLow(src, lb) => ta.pivotlow(src, lb, lb) // === Function: Detect CRT with memory === f_crt(tf) => hi = request.security(syminfo.tickerid, tf, high) lo = request.security(syminfo.tickerid, tf, low) cl = request.security(syminfo.tickerid, tf, close) sh = request.security(syminfo.tickerid, tf, swingHigh(high, lookback)) sl = request.security(syminfo.tickerid, tf, swingLow(low, lookback)) raidHigh = not na(sh) and hi > sh and cl < sh raidLow = not na(sl) and lo < sl and cl > sl // store last raid state var bool hadRaidHigh = false var bool hadRaidLow = false if raidHigh hadRaidHigh := true if raidLow hadRaidLow := true bosDown = hadRaidHigh and cl < sl bosUp = hadRaidLow and cl > sh // reset after BOS if bosDown hadRaidHigh := false if bosUp hadRaidLow := false // === Apply on H1 only first (test) === = f_crt("60") // === Plot === plotshape(raidHigh, title="Raid High", style=shape.diamond, color=color.red, size=size.small, text="Raid High") plotshape(raidLow, title="Raid Low", style=shape.diamond, color=color.green, size=size.small, text="Raid Low") plotshape(bosDown, title="Bearish CRT", style=shape.triangledown, color=color.red, size=size.large, text="CRT↓") plotshape(bosUp, title="Bullish CRT", style=shape.triangleup, color=color.green, size=size.large, text="CRT↑")
Pine Script® göstergesi
ninodoteth tarafından
Pullback Confirma**📈 Pullback Strategy with Candle Confirmation** **🎯 Objective:** Identify ideal entry points during pullbacks in trends, using the simultaneous crossover of two moving averages with candle confirmation. **📊 Indicators Used:** - **Hull Moving Average (HMA):** Period 27 - fast and smoothed average that reduces lag - **Simple Moving Average (SMA):** Period 11 - short-term average for additional confirmation **⚡ Strategy Logic:** **🔹 Conditions for BUY SIGNAL:** 1. **Double Crossover:** Price crosses above both HMA 27 and SMA 11 simultaneously 2. **Pullback:** Price must be near or touching HMA 27 (return-to-average condition) 3. **Confirmation:** On the next candle, it must be a BULLISH candle closing above both averages **🔸 Conditions for SELL SIGNAL:** 1. **Double Crossover:** Price crosses below both HMA 27 and SMA 11 simultaneously 2. **Pullback:** Price must be near or touching HMA 27 3. **Confirmation:** On the next candle, it must be a BEARISH candle closing below both averages **🎨 Chart Visualization:** - **● Blue Circle:** Upward crossover detected (awaiting confirmation) - **● Orange Circle:** Downward crossover detected (awaiting confirmation) - **▲ Green Arrow:** Confirmed buy (after confirmation candle) - **▼ Red Arrow:** Confirmed sell (after confirmation candle) - **Colored Lines:** HMA (blue) and SMA (orange) plotted on the chart **⚙️ Customization:** - Adjustable average periods - Customizable arrow colors - Configurable alerts for each confirmed signal **✅ Advantages:** - **Double Filter:** Two different averages for confirmation - **Candle Confirmation:** Eliminates premature signals - **Intuitive Visual:** Only shows arrows after valid confirmation - **Controlled Pullback:** Operates only on return-to-average movements **⏰ Recommended Timeframe:** Works on multiple timeframes, but particularly effective on M15, H1, and H4 to capture more significant movements. This strategy is ideal for traders looking for precise entries in consolidated trends, minimizing false signals through candle confirmation! 🚀
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digorethka tarafından
Smart Multi-Confirm Reversal DetectorHow the Smart Multi-Confirm Reversal Detector Works The indicator works by analyzing candlestick patterns, trend, and technical confirmations and then scoring each bar to determine the strength of a potential reversal. Here’s the step-by-step logic: Step 1: Analyze Candlestick Patterns For each new candle, the indicator checks if any of the selected patterns occur: Wick Reversal (Long Lower Wick): Looks for candles with a small body and a long lower shadow. Indicates buying pressure (potential bullish reversal). Inverted Wick (Long Upper Wick): Looks for candles with a small body and a long upper shadow. Indicates selling pressure (potential bearish reversal). Body Engulf: The current candle completely “engulfs” the previous candle. Signals a strong change in momentum. Tweezer Patterns: Two consecutive candles with almost identical highs or lows. Suggests a potential reversal zone. 3-Bar Pattern: Three consecutive bullish or bearish candles in a row. Shows strong momentum continuation or exhaustion, used to confirm reversal. Each pattern can be turned on/off by the user. If a pattern is detected, it contributes points to the overall signal score. Step 2: Confirm Trend Direction The indicator checks EMA trend alignment: Fast EMA vs Slow EMA: Fast EMA above Slow EMA → bullish trend. Fast EMA below Slow EMA → bearish trend. Optional Higher Timeframe EMA (HTF) Alignment: Checks if the trend on a higher timeframe matches the current trend. Adds extra weight to the signal if alignment is true. This ensures the signal goes in the direction of the prevailing trend, reducing false signals. Step 3: Check Technical Confirmations Optional filters increase reliability: ADX (Average Directional Index): Measures the strength of the current trend. Only strong trends contribute to the score. RSI (Relative Strength Index): Bullish confirmation: RSI is oversold. Bearish confirmation: RSI is overbought. Volume Spike: Compares current volume to the average volume. High volume validates the signal’s momentum. Body Momentum: Compares current candle’s body size to its average. Larger than average body indicates stronger momentum. Each of these confirmations can be enabled/disabled and has a weight in the scoring system. Step 4: Calculate Score Each pattern and confirmation has a user-defined weight (0–100). The indicator sums the active weights that pass conditions and normalizes to 100. Example: Wick Reversal detected → 30 points Trend EMA confirmed → 15 points ADX confirmed → 10 points Score = 55/100 → may or may not trigger a signal depending on threshold. Score Threshold: Only bars above the user-defined threshold are considered a confirmed signal. Bars above a lower “label threshold” still show a label, even if not strong enough for alerts. Step 5: Visualize Signals Bullish Signals: Green triangle below the candle. Bearish Signals: Red triangle above the candle. Labels: Show the type of pattern and the score. Purpose: Quickly identify potential reversals and assess their strength visually. Step 6: Optional Alerts Fixed alert messages can be enabled for confirmed bullish or bearish signals. Alerts do not recommend trades; they just notify you of pattern confirmations. Complies with TradingView’s policy for safe alert use. Step 7: Weighted Decision The final decision is not binary. Instead, the indicator combines multiple signals into a score, so stronger signals are more reliable. This reduces false positives and gives traders a professional, multi-confirmation approach to detect potential reversals.
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tradingbauhaus tarafından
gfg//@version=5 indicator("Lux Gainz Style Algo", overlay=true) // User Inputs fastLen = input.int(12, "Fast MA Length", minval=1) slowLen = input.int(26, "Slow MA Length", minval=1) rsiLen = input.int(14, "RSI Length", minval=1) rsiOverbought = input.float(70, "RSI Overbought Level") rsiOversold = input.float(30, "RSI Oversold Level") sensitivity = input.float(1.5, "Signal Sensitivity", minval=0.1, step=0.1) // Moving Averages for Trend fastMA = ta.ema(close, fastLen) slowMA = ta.ema(close, slowLen) // RSI for Momentum rsi = ta.rsi(close, rsiLen) // Trend Conditions bullTrend = fastMA > slowMA bearTrend = fastMA < slowMA // Confirmation Signals longSignal = ta.crossover(fastMA, slowMA) and rsi < rsiOversold * sensitivity shortSignal = ta.crossunder(fastMA, slowMA) and rsi > rsiOverbought / sensitivity // Plot Moving Averages plot(fastMA, color=color.new(color.green, 0), title="Fast EMA") plot(slowMA, color=color.new(color.red, 0), title="Slow EMA") // Candle Coloring for Trend Strength barcolor(bullTrend ? color.new(color.green, 70) : bearTrend ? color.new(color.red, 70) : color.gray) // Plot Buy/Sell Signals plotshape(longSignal, title="Buy Signal", location=location.belowbar, color=color.green, style=shape.labelup, size=size.small) plotshape(shortSignal, title="Sell Signal", location=location.abovebar, color=color.red, style=shape.labeldown, size=size.small) // Alerts alertcondition(longSignal, title="Long Entry", message="Lux Gainz Algo: Long Entry Signal") alertcondition(shortSignal, title="Short Entry", message="Lux Gainz Algo: Short Entry Signal")
Pine Script® göstergesi
miyaniakshar798 tarafından
Block-Based Trend Breakout (YTK/DTK) – v1📌 Overview Block Trend Breakout (YTK/DTK) is a lightweight, rule-based indicator that detects potential trend reversals or volatility bursts by tracking breakouts of key structural support/resistance levels — derived from block-wise trend patterns. The logic is simple yet effective: if a trend has been confirmed across multiple blocks (custom-length bar groups), and the price breaks its own structural boundary, a potential reversal or volatility signal is triggered. 🟥 YTK (Uptrend Breakdown) → Price breaks below the lowest low of the most recent block in an uptrend. 🟩 DTK (Downtrend Breakout) → Price breaks above the highest high of the most recent block in a downtrend. 🔍 How It Works Block Construction: User-defined bar groups (e.g., 6 bars on a 4H chart = 24H blocks). Trend Validation: At least N consecutive blocks must show higher highs/lows (uptrend) or lower highs/lows (downtrend). Breakout Test: If the current bar violates the structural limit (MR block high/low), the corresponding signal is plotted. 📉 This logic identifies weakening trends or failed momentum, often preceding reversals or volatility expansions. ⚙️ Features Adjustable block size and trend confirmation count Option to use only closed bars (to reduce repaint risk) Inclusive mode for “<= / >=” logic Visual signals: MR Block high/low levels Trend-colored bars Arrows for YTK (🔻) and DTK (🔺) Built-in alerts for automated strategies 🎯 Use Cases Spotting fakeouts and false breakouts Identifying trend exhaustion before reversal Confirming structural support/resistance breaks Visual tool for discretionary traders Signal generator for automated systems 💬 Feedback & Contributions This script is open-source and community-driven. We actively welcome feedback, ideas, improvements, forks, and questions. 📩 Contact for collaboration or discussion: 📧 senbrke@gmail.com
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senbrke tarafından
FVG SuiteSupercharge your charts with FVG Suite! Detect Smart Money structures, Fair Value Gaps, and key Multi-Timeframe levels—all in one powerful indicator. Perfect for both intraday and swing traders. ⚡ Highlights: 📈 Smart Money Structure: BoS & CHoCH signals with customizable colors and sensitivity. 💎 Fair Value Gaps: Bullish & Bearish FVGs with filters, max extension, and automatic cleanup. 🕒 Multi-Timeframe Levels: Daily, Weekly, and Monthly Highs & Lows with solid/dashed/dotted lines. 📊 Volume Activity: Real-time 4H & 24H volume analysis in a neat table. 🎨 Fully Customizable: Colors, transparency, and labels for a clean, easy-to-read chart. Make smarter trade decisions with clear market structure insights and gap detection! 🚀
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NovaTradeStar tarafından
Volume Heat ZoneVolume Zones Indicator This Pine Script creates a volume-based zone analysis tool for TradingView. Function: Divides the price range (high to low) into 20 levels over a 100-candle lookback period Measures volume activity at each price level Draws boxes at levels with above-average volume (1.5x threshold) Key Settings: Lookback Period (100): Number of candles analyzed Price Levels (20): Price range subdivisions Volume Threshold (1.5): Minimum volume multiplier for zones Candle Offset (1): Excludes current candle from analysis Projection Bars (10): Extends boxes 10 bars into the future How it works: The indicator identifies price levels where significant trading volume occurred historically, highlighting potential support/resistance zones. Boxes are redrawn on each confirmed candle, showing dynamic volume concentration areas that traders can use for entry/exit decisions.
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trading_zone42 tarafından
Advanced Pattern Detection System [50+ Patterns]【Advanced Pattern Detection System - Auto-detects 50+ Chart Patterns】 Introducing the most powerful pattern detection indicator for TradingView! ◆ What is this? An automated tool that finds and displays over 50 chart patterns on your charts. It detects all the patterns professional traders use - Double Tops, Triangles, Head & Shoulders, and more - all in ONE indicator. ◆ Main Features ・Detects 50+ patterns in real-time ・Shows visual explanation of WHY each pattern was identified ・Automatically calculates theoretical target prices ・Displays confidence levels in % (60-95%) ・Choose panel position from 9 locations ・Works on all timeframes (1min to Monthly) ◆ Detectable Patterns 1. Classic Patterns (Double Top/Bottom, Head & Shoulders, etc.) 2. Triangle Patterns (Ascending, Descending, Symmetrical, Expanding) 3. Continuation Patterns (Flags, Pennants, Wedges, etc.) 4. Harmonic Patterns (Gartley, Butterfly, Bat, etc.) 5. Price Action (Pin Bar, Engulfing, Hammer, etc.) 6. Special Patterns (Cup & Handle, V-formations, etc.) ◆ What Makes It Different ・Not just detection - shows the reasoning behind it ・Auto-draws pivot points and necklines ・Displays target prices with % gain/loss from current price ・Detects multiple patterns simultaneously, sorted by confidence ・Available in both Japanese and English versions ◆ Perfect For ✓ Anyone tired of using multiple indicators ✓ Beginners wanting to learn pattern trading ✓ Traders who don't want to miss entry points ✓ Those looking to improve discretionary trading accuracy ◆ How to Use (Easy 3 Steps) 1. Open TradingView and paste code in Pine Editor 2. Click "Add to Chart" 3. Enable only the patterns you need in settings ◆ Color Meanings Green → Bullish potential (Buy signal) Red → Bearish potential (Sell signal) Yellow → Neutral direction (Wait and see) ◆ Recommended Settings Scalping: Detection period 20, Sensitivity 0.0025 Day Trading: Detection period 50, Sensitivity 0.002 Swing Trading: Detection period 100, Sensitivity 0.0015 ◆ Real Trading Example "Detects Double Bottom → 85% confidence → Enter on neckline break → Take profit at displayed target price" This is how you can use it in practice. ◆ Important Notes ・This is an analysis tool, not investment advice ・Always combine with other indicators ・Always set stop losses ・Practice on demo account before live trading ◆ Performance If running slow, turn OFF unused pattern categories. Reducing max display count to 3 also helps. ◆ Summary This single tool provides functionality that would normally require multiple paid indicators (worth $100-200 total). It's the ultimate pattern detection system recommended for all traders, from beginners to professionals. Give it a try if interested! Feel free to ask questions in the comments.
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Hunk77 tarafından
7
Gold Scalping Trend Strategy [Optimized] ANT1 GOLD🟡 Gold Scalping Trend Strategy – Explained This is a short-term scalping strategy designed for XAU/USD (gold), but it can also be applied to other volatile instruments. It combines trend detection (moving averages + ATR filter) with scalping take-profit levels and a safety stop-loss. The goal is to ride small but high-probability moves in the direction of the intraday trend while protecting capital.
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Antone1862 tarafından
CheckList คนใจร้อนThink of this indicator as your trend sanity check. It won’t tell you what to do—but it’ll help you see the bigger picture before you act. Your risk is your responsibility. No shortcuts, no excuses—just disciplined decisions and solid money management. Built for traders who value structure over impulse. This tool helps you stay aligned with your plan, not your emotions. Use it to reinforce discipline, not override it.
Pine Script® göstergesi
PierreBudd tarafından
Ai Golden Support and Resistance Adaptive Support & Resistance (ADR-scaled ABCD + Breakout/Retest Zones) What it does This indicator detects actionable support/resistance zones from swing structure and breakout events, then keeps each zone active until it’s invalidated by price. It adapts zone sensitivity using Average Daily Range (ADR) so the same rules scale across symbols and vol regimes. Core Logic (high level) Swing & ABCD pattern seed Detects alternating pivots (high–low–high–low or low–high–low–high) using a user-selected lookback. Validates basic AB–BC–CD proportions: BC must retrace a portion of AB; CD must extend BC within a set range. From a valid sequence, sets a candidate level (top for bearish, bottom for bullish). Breakout confirmation A level becomes confirmed when price closes beyond it (crossover/crossunder). On confirmation, the script draws a dotted reference line and records how many bars elapsed from the seed pivot to breakout. That count defines the lookback window used for local extremes. Zone construction Supply (bearish): builds a box around the most recent local range near the bearish seed; Demand (bullish): builds a box around the most recent local range near the bullish seed. Each zone’s height is derived from nearby extremes and the seed swing, so boxes reflect local structure rather than fixed pip widths. Volatility normalization (ADR%) ADR is computed from daily candles. The Risk Profile input (“High/Medium/Low”) scales required move sizes using ADR%, and adjusts pivot sensitivity (fewer/more bars). Higher risk → more sensitive (smaller ADR %, tighter pivot lookback). Lower risk → stricter filters (larger ADR %, wider pivot lookback). Explosive-move filter (streak logic) Searches the seeded lookback for consecutive same-color candles (config via the risk profile). Requires the cumulative % move of that streak to exceed an ADR-scaled threshold. When found, the zone is tagged as originating from an “explosive” move (potentially higher reaction probability). Zone persistence & invalidation Zones persist and auto-extend to the right until invalidated. Invalidation occurs when price closes through a rule-based threshold derived from the seed structure (stored per zone). Once invalidated, the zone is marked inactive and stops updating. Inputs & Controls Risk Profile: High / Medium / Low (sets pivot lookback, streak length, and ADR% thresholds). Labels & Visuals: Toggle labels and level lines; set line width. Colors/Boxes: Supply (red), Demand (green); dotted breakout references. No broker/session settings are required; the script adapts per symbol via ADR. On-Chart Elements Dotted breakout lines at confirmed levels (with measured bars-to-breakout). Supply/Demand boxes that extend until invalidation. Optional labels for clarity; minimal clutter by default. How to Use Context: Use higher-TF context for bias; apply zones on your trading TF. Confluence: Combine zones with your own triggers (structure breaks, rejection wicks, momentum shifts). Invalidation: If price closes beyond a zone’s invalidation threshold, treat that zone as inactive. Sensitivity: If too many zones appear, switch to Medium/Low Risk (stricter ADR% & pivots); if too few, use High Risk. Notes & Limitations Logic is rule-based; there is no machine learning. Daily ADR is computed from D timeframe, so intraday charts inherit daily volatility context. Results vary by symbol and timeframe; validate settings per market. This is an indicator (no orders or P/L).
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GoldenCryptoSignals tarafından
もちぽよRCI subもちぽよさん監修の元作成したRCIのインジケーターです RCIの短期＋中期が上限下限到達時に背景色が変わり、加えて長期も到達すれば色が濃ゆくなります サブチャートに表示されます 作成者のXのアカウントはこちら→@keito_trader This is an RCI indicator created under the supervision of Mochipoyo. When the short-term and medium-term RCIs reach the upper or lower limits, the background color changes. If the long-term RCI also reaches the limit, the color becomes darker. It is displayed in the sub-chart. Creator’s X account → @keito_trader
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kate779 tarafından
多因子交易系统该指标是一个多功能的技术分析工具，结合了以下核心模块：线性回归通道：通过计算不同周期（短期、中期、长期）的线性回归通道，识别价格趋势和关键价格水平。 范围检测：基于加权移动平均和自适应 ATR 检测价格横盘整理区域。 支撑阻力识别：通过摆动点和线性回归通道的上下轨自动识别关键支撑和阻力位，并存储在矩阵中。 交易信号生成：结合通道突破、范围突破和支撑阻力突破生成多头/空头信号，并通过成交量过滤和冷却期机制优化信号质量。 可视化：提供丰富的图形化输出，包括通道线、关键位线、范围框、信号标记和仪表盘。 警报系统：为突破、回踩、关键位触及等事件设置了多种警报条件。 指标的目标是帮助交易者识别趋势、横盘、关键价格水平，并提供可操作的交易信号，适合日内交易、波段交易等多种场景。 This indicator is a multifunctional technical analysis tool that combines the following core modules: Linear Regression Channel: By calculating the linear regression channels of different periods (short-term, medium-term, long-term), price trends and key price levels are identified. Range detection: Based on weighted moving average and adaptive ATR, detect price sideways consolidation areas. Support resistance identification: Key support and resistance positions are automatically identified through swing points and the upper and lower tracks of the linear regression channel, and stored in a matrix. Trading signal generation: Combining channel breakthrough, range breakthrough, and support resistance breakthrough to generate long/short signals, and optimizing signal quality through volume filtering and cooling off mechanism. Visualization: Provides rich graphical output, including channel lines, keylines, range boxes, signal markers, and dashboards. Alarm system: Multiple alarm conditions are set for events such as breakthroughs, retracements, and key position touches. The goal of the indicator is to help traders identify trends, sideways movements, key price levels, and provide actionable trading signals, suitable for various scenarios such as intraday trading and band trading.
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ziquejie tarafından
P/B Ratio (Per Share) vs Median + Bollinger Band- 📝 This indicator highlights potential buying opportunities by analyzing the Price-to-Book (P/B) ratio in relation to Bollinger Bands and its historical median. - 🎯 The goal is to provide a visually intuitive signal for value-oriented entries, especially when valuation compression aligns with historical context. - 💡 Vertical green shading is applied when the P/B ratio drops below the lower Bollinger Band, which is calculated directly from the P/B ratio itself — not price. This condition often signals the ticker may be oversold. - 🟢 Lighter green appears when the ratio is below the lower band but above the median, suggesting a possible shorter-term entry with slightly more risk. - 🟢 Darker green appears when the ratio is both below the lower band and below the median, pointing to a potentially stronger, longer-term value entry. - ⚠️ This logic was tested using 1 and 2-day time frames. It may not be as helpful in longer time frames, as the financial data TradingView pulls in begins in Q4 2017. - ⚠️ Note: This script relies on financial data availability through TradingView. It may not function properly with certain tickers — especially ETFs, IPOs, or thinly tracked assets — where P/S ratio data is missing or incomplete. - ⚠️ This indicator will not guarantee successful results. Use in conjunction with other indicators and do your due diligence. - 🤖 This script was iteratively refined with the help of AI to ensure clean logic, minimalist design, and actionable signal clarity. - 📢 Idea is based on the script "Historical PE ratio vs median" by haribotagada - 💬 Questions, feedback, or suggestions? Drop a comment — I’d love to hear how you’re using it or what you'd like to see changed.
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traceockinga tarafından
P/E Ratio vs Median + Bollinger Band- 📝 This indicator highlights potential buying opportunities by analyzing the Price-to-Earnings (P/E) ratio in relation to Bollinger Bands and its historical median. - 🎯 The goal is to provide a visually intuitive signal for value-oriented entries, especially when valuation compression aligns with historical context. - 💡 Vertical green shading is applied when the P/E ratio drops below the lower Bollinger Band, which is calculated directly from the P/E ratio itself — not price. This condition often signals the ticker may be oversold. - 🟢 Lighter green appears when the ratio is below the lower band but above the median, suggesting a possible shorter-term entry with slightly more risk. - 🟢 Darker green appears when the ratio is both below the lower band and below the median, pointing to a potentially stronger, longer-term value entry. - ⚠️ This logic was tested using 1 and 2-day time frames. It may not be as helpful in longer time frames, as the financial data TradingView pulls in begins in Q4 2017. - ⚠️ Note: This script relies on financial data availability through TradingView. It may not function properly with certain tickers — especially ETFs, IPOs, or thinly tracked assets — where P/S ratio data is missing or incomplete. - ⚠️ This indicator will not guarantee successful results. Use in conjunction with other indicators and do your due diligence. - 🤖 This script was iteratively refined with the help of AI to ensure clean logic, minimalist design, and actionable signal clarity. - 📢 Idea is based on the script "Historical PE ratio vs median" by haribotagada - 💬 Questions, feedback, or suggestions? Drop a comment — I’d love to hear how you’re using it or what you'd like to see changed.
Pine Script® göstergesi
traceockinga tarafından
P/S Ratio vs Median + Bollinger Band- 📝 This indicator highlights potential buying opportunities by analyzing the Price-to-Sales (P/S) ratio in relation to Bollinger Bands and its historical median. - 🎯 The goal is to provide a visually intuitive signal for value-oriented entries, especially when valuation compression aligns with historical context. - 💡 Vertical green shading is applied when the P/S ratio drops below the lower Bollinger Band, which is calculated directly from the P/S ratio itself — not price. This condition often signals the ticker may be oversold. - 🟢 Lighter green appears when the ratio is below the lower band but above the median, suggesting a possible shorter-term entry with slightly more risk. - 🟢 Darker green appears when the ratio is both below the lower band and below the median, pointing to a potentially stronger, longer-term value entry. - ⚠️ This logic was tested using 1 and 2-day time frames. It may not be as helpful in longer time frames, as the financial data TradingView pulls in begins in Q4 2017. - ⚠️ Note: This script relies on financial data availability through TradingView. It may not function properly with certain tickers — especially ETFs, IPOs, or thinly tracked assets — where P/S ratio data is missing or incomplete. - ⚠️ This indicator will not guarantee successful results. Use in conjunction with other indicators and do your due diligence. - 🤖 This script was iteratively refined with the help of AI to ensure clean logic, minimalist design, and actionable signal clarity. - 📢 Idea is based on the script "Historical PE ratio vs median" by @haribotagada - 💬 Questions, feedback, or suggestions? Drop a comment — I’d love to hear how you’re using it or what you'd like to see changed.
Pine Script® göstergesi
traceockinga tarafından