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Daily Levels & Time MarkersKey Features: Price Level Tracking: Previous Day High/Low (PDH/PDL) - Shows yesterday's highest and lowest prices as horizontal lines Overnight High/Low (ONH/ONL) - Tracks the highest and lowest prices during overnight sessions (4:00 PM to 9:30 AM ET) Opening Range High/Low (ORH/ORL) - Captures the price range during the first 30 minutes of regular trading (9:30-10:00 AM ET) Visual Elements: Draws horizontal lines for previous day levels that extend across the chart Creates rays (extending lines) for overnight and opening range levels that project forward from when they were established Uses different colors and line styles for each level type (solid lines for daily levels, dashed for opening range) Adds text labels showing the exact price values (PDH, PDL, ONH, ONL, ORH, ORL) Time Markers: Draws vertical dashed lines at key trading times: 10:00 AM, 11:30 AM, 1:00 PM, 2:30 PM, and 4:00 PM ET Uses Eastern Time zone by default but allows customization Customization Options: Toggle each feature on/off independently Customize colors for all line types Adjust timezone settings
Pine Script® göstergesi
williams233aw tarafından
Opening Range Breakout with John Wick + CDH/CDLOpening Range Breakout (ORB) De Luxe with John Wick Pattern - User Manual Table of Contents 1. Introduction 2. Key Features 3. Installation 4. Configuration Guide 5. Trading Signals 6. Pattern Recognition 7. Zone Trading 8. Alert Setup 9. Trading Strategies 10. Best Practices 11. Troubleshooting ________________________________________ 1. Introduction The Opening Range Breakout (ORB) with John Wick indicator is a comprehensive trading tool designed for intraday and swing traders. It combines the classic Opening Range Breakout strategy with advanced candlestick pattern recognition, including the unique "John Wick" pattern. What is Opening Range Breakout? The Opening Range (OR) is the price range established during the first 15 minutes of a trading session. This range often acts as support and resistance for the remainder of the trading day. Breakouts above or below this range can signal strong directional moves. Key Concepts: • Opening Range High: The highest price during the first 15 minutes • Opening Range Low: The lowest price during the first 15 minutes • Breakout: Price movement above OR High (bullish) or below OR Low (bearish) • Pattern Zones: Areas around key levels where pattern recognition is most effective • PDH/PDL: Previous Day High and Previous Day Low - key reference levels from the prior trading day • CDH/CDL: Current Day High and Current Day Low - dynamically updating intraday extremes ________________________________________ 2. Key Features Core Features: • Multi-Session Support: New York, London, Tokyo, Sydney, Frankfurt, and Custom sessions • Opening Range Visualization: Automatic OR High/Low detection and plotting • Pattern Recognition: Engulfing, Hammer/Shooting Star, Doji, and John Wick patterns • Zone Trading: Customizable zones around OR and PDH/PDL/CDH/CDL levels • Previous Day Levels: PDH (Previous Day High) and PDL (Previous Day Low) • Current Day Levels: CDH (Current Day High) and CDL (Current Day Low) - real-time tracking • Mid-Point Levels: Automatic calculation of OR mid-point • Real-Time Alerts: Breakout and pattern-based alerts • Multi-Timezone Support: Exchange or custom timezone selection Visual Features: • Dynamic color-coded levels • Triangle signals for breakouts • Pattern labels with clear identification • Information table with current session data • Fully customizable colors and styles ________________________________________ 3. Installation Step 1: Add to Chart 4. Open TradingView and navigate to your desired chart 5. Click on "Indicators" (or press /) 6. Search for "Opening Range Breakout with John Wick" 7. Click to add the indicator to your chart Step 2: Initial Setup 8. The indicator will automatically detect your chart's timezone 9. Default session is set to "New York" 10. All features are enabled by default Recommended Timeframes: • Optimal: 1-minute to 15-minute charts • Suitable: Up to 1-hour charts • Not Recommended: Daily or higher timeframes ________________________________________ 4. Configuration Guide Timezone Settings Use Exchange Timezone • Enabled (Default): Uses the exchange's native timezone • Disabled: Uses chart timezone or custom selection Timezone Selection Available when "Use Exchange Timezone" is disabled: • America/New_York • Europe/London • Europe/Amsterdam • Asia/Tokyo • Australia/Sydney Session Selection Trading Sessions • Sydney: 09:00-16:00 Sydney time • Tokyo: 09:00-15:00 Tokyo time • London: 08:00-16:30 London time • Frankfurt: 09:00-17:30 Frankfurt time • New York: 09:30-16:00 New York time • Custom: User-defined session • Previous Sessions: Shows multiple historical ORs Custom Session Settings • Custom Session Time: Define your own trading hours • Custom Session Name: Label for your custom session Display Options Line Settings • Line Width: 1-5 (Default: 2) • Line Style: Solid, Dashed, or Dotted • Show Current Only: Hide historical OR lines • Show Session Name: Display session label on chart Color Customization • OR Resistance (High): Default red • OR Support (Low): Default green • Session Colors: Unique color per session type • Zone Colors: Separate colors for OR and PDH/PDL zones Pattern Zone Settings Zone Configuration • Show Pattern Detection Zone: Enable/disable zones • OR Zone Size: Percentage of OR range (Default: 2%) • PDH/PDL Zone Size: Percentage of PDH-PDL range (Default: 1.5%) • CDH/CDL Zone Size: Percentage of CDH-CDL range (Default: 1.5%) • Show Zone Labels: Display zone boundary values • Only Detect Patterns in Zone: Limit pattern detection to zones Mid-Point Settings • Show Opening Range Mid-Point: Display OR midline • Mid-Point Color: Default gray • Mid-Point Style: Dotted, Dashed, or Solid • Show Mid-Point Label: Display midpoint value Previous Day Levels • Show Previous Day High/Low: Enable PDH/PDL lines • PDH/PDL Colors: Default yellow • PDH/PDL Line Style: Customizable style • Show PDH/PDL Labels: Display level values Current Day Levels • Show Current Day High/Low: Enable CDH/CDL lines • CDH/CDL Colors: Default blue • CDH/CDL Line Style: Customizable style • Show CDH/CDL Labels: Display level values • Update Frequency: Real-time updates as new highs/lows are made ________________________________________ 5. Trading Signals Signal Types 6. Breakout Signals • Bullish (Buy): Green triangle below candle when price breaks above OR High • Bearish (Sell): Red triangle above candle when price breaks below OR Low 7. Pattern-Enhanced Signals Signals are generated when breakouts occur WITH confirming patterns: • Stronger probability of follow-through • Reduced false breakouts • Better risk/reward setups Signal Configuration Alert Settings • Enable Alerts: Turn alerts on/off • Show Buy/Sell Signals: Visual signals on chart • Show Signal Text: Display "BUY"/"SELL" labels Pattern Filter Options • Use Candle Pattern Filter: Require patterns for signals • Pattern Combination Mode: o Any Pattern: Signal on any single pattern o Multiple Patterns: Require minimum pattern count o Specific Combo: Require specific pattern combinations ________________________________________ 6. Pattern Recognition Supported Patterns 7. Engulfing Pattern • Bullish Engulfing: Large green candle completely engulfs previous red candle • Bearish Engulfing: Large red candle completely engulfs previous green candle • Label: "E" 8. Hammer/Shooting Star • Hammer: Small body at top, long lower wick (2x body size) • Shooting Star: Small body at bottom, long upper wick (2x body size) • Labels: "H" (Hammer), "S" (Shooting Star) 9. Doji Pattern • Definition: Open and close nearly equal (body < 10% of average) • Significance: Indecision, potential reversal • Label: "D" 10. John Wick Pattern (Unique Feature) • Bullish John Wick: o Opens below previous candle's low o 30-70% of body extends below previous low o Strong momentum indication • Bearish John Wick: o Opens above previous candle's high o 30-70% of body extends above previous high • Label: "JW" Pattern Visualization • Pattern Markers: Small circular labels with pattern abbreviations • Pattern Count: Number showing total patterns detected • Pattern Background: Optional highlighting (disabled by default) • Positioning: o Bullish patterns: Below candles at varying distances o Bearish patterns: Above candles at varying distances ________________________________________ 7. Zone Trading Zone Concept Zones are buffer areas around key levels where price action and patterns are monitored more closely. Zone Types 8. Opening Range Zones • OR High Zone: Area around the OR High level • OR Low Zone: Area around the OR Low level • Purpose: Identify potential breakout or rejection areas 9. PDH/PDL Zones • PDH Zone: Area around Previous Day High • PDL Zone: Area around Previous Day Low • Purpose: Monitor reactions at key daily levels 10. CDH/CDL Zones • CDH Zone: Area around Current Day High • CDL Zone: Area around Current Day Low • Purpose: Track reactions at evolving intraday extremes • Dynamic Nature: These zones move as new highs/lows are established Zone Features • Visual Representation: Semi-transparent colored boxes • Customizable Size: Percentage-based calculation • Pattern Detection: Option to only detect patterns within zones • Bar Coloring: Candles change color when in zones Zone Trading Strategy 11. Wait for price to enter a zone 12. Look for pattern formation within the zone 13. Trade breakouts with pattern confirmation 14. Use zone boundaries as stop-loss references ________________________________________ 8. Alert Setup Creating Alerts Step 1: Basic Alert Setup 9. Right-click on the chart 10. Select "Add Alert" 11. Choose "ORB The Luxe" from Condition dropdown 12. Select alert type Step 2: Alert Types • Any alert() function call: All indicator alerts • Crossed above OR High: Bullish breakout • Crossed below OR Low: Bearish breakout Alert Messages Alerts include: • Session name (e.g., "New York") • Direction (above/below) • Level crossed • Pattern detected (if applicable) • Zone information (if in zone) Alert Best Practices 13. Set alerts after the OR is established (15+ minutes into session) 14. Use pattern filters to reduce false signals 15. Consider zone alerts for higher probability setups 16. Set stop-loss alerts at opposite OR level ________________________________________ 9. Trading Strategies Strategy 1: Classic ORB 10. Entry: o Long: Break above OR High o Short: Break below OR Low 11. Stop Loss: Opposite OR level 12. Target: 1:2 or 1:3 risk/reward 13. Best Time: First 2 hours after OR Strategy 2: ORB with Pattern Confirmation 14. Entry Requirements: o Breakout signal o At least one confirming pattern o Preferably within a zone 15. Stop Loss: Mid-point of OR 16. Target: Previous day's high/low or current day's high/low 17. Win Rate: Higher than classic ORB Strategy 3: Zone Rejection Trading 18. Setup: Price enters zone but fails to break OR 19. Entry: Reversal pattern in zone 20. Stop Loss: Just outside zone boundary 21. Target: Opposite OR level 22. Best For: Range-bound markets Strategy 4: Multi-Session Confluence 23. Look for: Alignment of multiple session ORs 24. Entry: Break of aligned levels 25. Confirmation: Pattern at confluence point 26. Target: Extended moves expected 27. Additional Edge: Watch for CDH/CDL tests during the session Strategy 5: CDH/CDL Breakout Trading 1. Setup: Price approaches current day's high or low 2. Entry: Break and hold above CDH or below CDL 3. Confirmation: Volume increase or pattern formation 4. Stop Loss: Just inside the CDH/CDL level 5. Target: Measured move based on intraday range 6. Best For: Trending days with momentum Risk Management Rules • Position Size: Risk 1-2% per trade • Max Daily Loss: 3-5% of account • Avoid: First and last 15 minutes of session • Best Days: Tuesday through Thursday ________________________________________ 10. Best Practices Do's: • Wait for OR to be established (15 minutes) • Use multiple confirmations (pattern + zone + volume) • Trade in the direction of the larger trend • Set alerts to avoid missing opportunities • Keep a trading journal of ORB trades • Adjust zones based on market volatility • Use proper position sizing Don'ts: • Trade immediately at market open • Ignore the overall market context • Trade every OR breakout • Use in choppy/low volume markets • Set stops too close to entry • Trade against strong trends • Over-leverage positions Market Conditions Best Performance: • Trending days • High volume sessions • Economic news days • Clear market sentiment Avoid During: • Low volume holidays • Extremely choppy conditions • Major uncertainty events • End of month/quarter repositioning ________________________________________ 11. Troubleshooting Common Issues and Solutions Issue: No signals appearing Solutions: • Ensure "Show Buy/Sell Signals" is enabled • Check if pattern filter is too restrictive • Verify correct session is selected • Confirm market has broken OR levels Issue: Too many false signals Solutions: • Enable pattern filter requirement • Use "Multiple Patterns" mode • Trade only within zones • Increase zone size percentage Issue: Incorrect session times Solutions: • Check timezone settings • Verify exchange timezone option • Use custom session for specific needs • Ensure chart timeframe is appropriate Issue: Overlapping indicators Solutions: • Disable pattern markers if too cluttered • Turn off signal text • Hide PDH/PDL or CDH/CDL if not needed • Use "Show Current Only" option Performance Tips 12. Reduce Chart Load: Hide historical sessions 13. Clean View: Disable unused pattern types 14. Mobile Trading: Increase line widths for visibility 15. Multiple Monitors: Use different sessions per screen Getting Help • Check indicator settings tooltips • Test on demo account first • Document your settings for consistency • Join ORB trading communities for tips ________________________________________ Conclusion The Opening Range Breakout with John Wick indicator is a powerful tool that combines time-tested ORB strategies with advanced pattern recognition. Success comes from understanding each component, practicing proper risk management, and adapting the tool to your trading style. Remember: No indicator guarantees profits. Always use proper risk management and continuous education to improve your trading results. Happy Trading! ________________________________________ Version: 1.0 Last Updated: June 2025 Pine Script Version: 6
Pine Script® göstergesi
kiemonline2016 tarafından
ML Regime Detection + Risk OverlayGuide to Using the “ML Regime Detection + Risk Overlay” Tool For Traders Seeking Smarter, Adaptive Risk and Trend Context Highly Optimized for "The Way of Radius" 🔍 Overview The ML Regime Detection + Risk Overlay is a custom Pine Script indicator designed to help traders adjust risk exposure and trade strategy based on prevailing market conditions. It uses a machine-learning-inspired regime classifier and overlays risk metrics directly on your chart. This tool answers key questions like: "Is this a normal or volatile market?" "How much should I risk right now?" "Are the current conditions favorable for trend-following or mean-reversion?" 🧠 Key Features Feature Description ML-Inspired Regime Classifier Detects Normal, Volatile, or Crisis market states based on calculated inputs. Dynamic Risk Allocation Adjusts recommended Risk %, Reward/Risk Ratio, and Max Position Size for each regime. Real-Time Risk Overlay Table Displays all key metrics in a visual table—color-coded for quick interpretation. Volatility/Volume/Correlation Inputs Tracks ATR ratio, Volume Z-score, and SPX-VIX correlation for regime classification. ADX Trend Confirmation Adds Average Directional Index (ADX) for validating trend strength (added in latest version). Background Color Coding Shades the chart background green (normal), orange (volatile), or red (crisis) for intuitive regime awareness. ⚙️ Core Inputs Explained Input Function ATR Ratio Measures current volatility vs. recent average. High = turbulent. Volume Z-score Spots volume spikes that may indicate panic or exuberance. SPX-VIX Correlation A rising correlation suggests systemic risk—higher values indicate crisis risk. ADX Measures trend strength. 20–25+ = trending; below = ranging. 📊 Table Metrics & Color Logic Each table row reflects a vital market health indicator. Text colors are assigned based on threshold logic: Green → healthy/normal Yellow → approaching caution levels Red → abnormal, elevated risk Metric Role ATR Ratio > 1.2 = volatile; > 1.5 = crisis Volume Z-score > 1.0 = volatile; > 2.0 = crisis SPX-VIX Corr. > 0.4 = volatile; > 0.7 = crisis ADX > 25 = strong trend 💡 How to Use It 1. Gauge the Regime Look at: Background color Table cell for "Regime" ATR, Volume Z, SPX-VIX Correlation 📘 Tip: Avoid aggressive entries during “Crisis” regimes. Focus on high-R:R setups or small sizing. 2. Adjust Risk Settings Use table guidance: Risk % = how much of your account to risk RR Ratio = suggested Reward/Risk target Max Size % = ceiling for position size 📘 Tip: In Volatile or Crisis modes, reduce your size or wait for ADX to confirm strength. 3. Filter Entries with ADX If ADX < 20–25: skip breakout trades; look for ranges or reversals. If ADX > 25: trend-following entries (breakouts, pullbacks) are safer. ✅ Benefits 🧠 Smarter Trade Selection Align entries with macro conditions (regime state) to reduce false signals. 📉 Downside Protection Adapts position sizing and risk levels to avoid oversized losses during turbulent periods. 📈 Confidence in Trend Plays ADX + Normal regime = strong green light for momentum/trend setups. ⏱ Time-Efficient Decision Making Quickly interpret risk using the table and background without scanning multiple indicators. 🛠️ Suggested Use Cases Use Case How to Apply It Breakout Traders Only take breakouts in Normal regime + ADX > 25 Scalpers Avoid trading in Crisis regime; watch volume spikes Swing Traders Use regime + ADX to time entries within larger trend context Risk Managers Use the dynamic risk parameters to manage exposure per regime 🧪 Example Strategy Integration Combine with: Keltner Channels for entry zones SuperTrend for trend filtering Manual confirmation (candlestick patterns, S/R) 📘 Ideal when used with a position sizing engine 🧾 Conclusion The ML Regime Detection + Risk Overlay is not just an indicator—it's a risk-aware market lens that adapts to changing conditions. It’s built to help you: Trade what’s appropriate for the market’s current state Avoid overexposure during risky times Ride momentum with confidence during healthy periods Use it as your daily dashboard before placing trades—and combine it with structured strategies for optimal results.
Pine Script® göstergesi
Degreydher tarafından
QG-Particle OscillatorThis is an advanced oscillator based on auxiliary particle filter. It separates signal from noise and uses smoothing algorithm similar to JMA. The main oscillator line is a smoothed and detrended version of the price series similar to detrended oscillator line. The purple/aqua lines are a prediction based on an additional adaptive smoothing technique and current volatility. The prediction is smoothed twice and is supposed to represent the true signal without any noise, thus the prediction should always be less than the raw detrend line. However, certain volatile conditions will cause the prediction to cross above/below the detrend line. When this happens the likelihood of a reversal or pullback is extremely high. There are 3 dots on the zero line- Red, Green and Yellow. The yellow dots warn of an eminent pullback 2 bars before it actually occurs. This is a non-repainting indicator. One can also use this indicator to trade CCI signals, similar to zero line rejection in existing trend. The indicator has 2 settings- Period and Phase. The phase represents cycle phase and Period represents oscillator period. Credits: This indicator has been originally published for Ninjatrader and this is conversion into pinescript.
Pine Script® göstergesi
QuantG tarafından
Adjustable Vertical LinesThe script provides an indicator which will plot lines - 15 min, 30 min and 60 min. You can customize the time intervals and go to as low as one minute, but I found the 15-minute and 30-minute intervals works best for me when trying to find setups, and the lower time-frame intervals, is just pointless to use if you're not scalping on the seconds timeframe. You can customize inputs for the line style. Line thickness, colour, etc. I've seen this work using the OBR theory and applying it to the one-minute candle then looking for other confluences like order blocks, or breakers, FVGs, BOS/CHoC for further confirmation for scalping. It's important to backtest though and see for yourself. Thanks for the boost.
Pine Script® göstergesi
kocointradaytrading tarafından
5
Hilbert micro trends SubThe HILBERT MICRO TRENDS indicator uses advanced Digital Signal Processing techniques to uncover hidden characteristics in price series, providing a statistical edge across all types of assets. This indicator specializes in detecting short- and medium-term micro trends, which can appear isolated, embedded within larger trends, or even during broad-ranging price phases. It operates with a single parameter, simplifying configuration and greatly reducing the risk of overfitting. HILBERT MICRO TRENDS applies modern low-pass and high-pass filtering techniques to smooth price data and remove noise efficiently across multiple levels. The mathematical formulas generate four recursively smoothed series, each more refined than the last in a subtle and precise way, avoiding abrupt changes. These smoothed series outperform traditional moving averages in every aspect: they have less lag (detecting trend shifts faster), generate fewer false signals, and stay closer to price action. This gives them an edge over standard indicators and algorithms based on conventional moving averages such as the simple, exponential, Kalman, or Hull MA. Visual Structure The indicator displays in two parts: one on the main chart and one on a sub-chart. On the main chart, the four smoothed series create a shaded area, with the upper and lower bounds representing the maximum and minimum of the series. If a series is rising (positive derivative), it signals bullish momentum; if falling, bearish. Since each series has a different smoothing level, they represent different time perspectives, and the indicator considers all four simultaneously. If all series are bullish, the area turns solid green. If three are bullish and one bearish, it's pale green. Two bullish, two bearish: gray. One bullish and three bearish: pale red. All bearish: solid red. A confirmed micro trend is present only when all four are aligned, i.e., when the area is pure green or red. The sub-chart displays a histogram version of the same shaded area as an oscillator. An additional smoothed line tracks when the width of this shaded area expands or contracts. How to Use and Interpret As stated, the goal is to detect micro trends in price. The first rule is to open long positions only when the area is solid green, and shorts only when it’s solid red. Transitions from pale green to solid green can signal the start of a bullish micro trend, and similarly, from pale red to solid red for bearish trends. The width of the shaded area indicates the strength of the movement (best seen in the histogram). A wider area suggests stronger momentum, which is related to volatility only when a micro trend is active. Use the orange line in the histogram to determine whether the micro trend is gaining or losing strength. A decreasing width suggests the trend might be ending, signaling an exit opportunity. However, since the orange line lags behind, it’s better used as confirmation rather than a trigger. For quicker signals, changes to pure red or green are more effective. Price Relationship Pay attention to the price's relative position to the shaded area. If the price stays within or fluctuates inside the area, it's usually a sign of a ranging market with no clear trend—avoid trading in such conditions. However, if the price breaks out and moves away from the area, it's a strong sign a micro trend has begun. When the price returns to the shaded area, the trend might be ending. The indicator also marks pivot points from the last pure green or red zone. While not directly used to enter trades, these serve as useful price action reference points for combining with other strategies or tools. Parameter Settings The indicator includes a single but crucial parameter that controls smoothing intensity. A low value makes the indicator faster; a higher value slows it down. Success depends on choosing the right setting for the market environment. For long, clear trends, use higher values (80–100), as late entries are acceptable and premature exits are avoided. For shorter, mean-reverting trends, lower values (~40) are better to avoid lag. The default setting is 60, which suits most markets, but users are encouraged to adjust it to current conditions. Always identify the current market phase and backtest how past micro trends have behaved on the instrument being traded. This ensures the indicator is tuned to the asset’s behavior and can deliver optimal results.
Pine Script® göstergesi
Cardaniers tarafından
2
@khaicao| APB HistogramIntroducing the APB Histogram Indicator A Powerful Tool for Visualizing Price Momentum The APB Histogram (Average Price Bar Histogram) is a unique and insightful indicator designed to help traders identify price momentum and potential trend reversals. By calculating a smoothed average of price action and plotting the difference between the APB Close and APB Open as a histogram, this indicator provides a clear visual representation of bullish and bearish pressure in the market. Key Features: ✅ Smoothed Price Calculation – Uses a recursive formula to generate a dynamic average price bar, reducing noise and highlighting meaningful trends. ✅ Intuitive Histogram Display – Positive (green) bars indicate bullish momentum, while negative (red) bars signal bearish momentum. ✅ Customizable Colors – Adjust the bullish and bearish colors to match your trading style. ✅ Non-Overlay Design – Plotted in a separate panel for clear visualization without cluttering the main chart. How to Use the APB Histogram: Bullish Signals: When the histogram bars are green and rising, it suggests increasing buying pressure. Bearish Signals: When the histogram bars are red and falling, it indicates growing selling pressure. Trend Confirmation : Use alongside other indicators, recommended to use with Stochastic (8,3,3) to confirm trend strength. Perfect For: Swing Traders looking for momentum shifts Day Traders needing quick visual cues on price direction Trend Followers confirming entry and exit points Try the APB Histogram today and enhance your trading strategy with a cleaner, more intuitive view of market momentum! 🔹 Like & Follow for more unique indicators! 🔹 Comment below if you have any questions or improvement suggestions! Happy Trading! 🚀
Pine Script® göstergesi
khai_mm_cao tarafından
1
Golden Canyon Pace 📈 Indicator Name: Golden Canyon pace Platform: Trading View' Version: 1.0' 🔍 Overview: This indicator is designed for traders who want to capture small but strategic Renko-based price movements. It focuses on short-term reversals or momentum shifts by analyzing recent Renko bar behavior, plotting 'Buy' and 'Sell' labels directly on the chart when specific conditions are met. Unlike long-term trend indicators, this tool provides 'quick-entry insights' , ideal for scalpers, intraday traders, or those who want to catch micro-trends. 🧠 How It Works: * The script checks for 'short-term reversal conditions' in the Renko structure: * A 'Buy signal' is triggered when recent bars suggest a bullish reversal. * A 'Sell' signal is triggered when recent bars indicate a bearish reversal. * Signals are labeled directly on the chart with color-coded markers: * 🟢 Buy = Green label with black text * 🔴 Sell = Red label with black text * The labels appear only when valid setups occur, helping you avoid unnecessary noise. ⚙️ Key Features: * 'Renko-Based Signal Logic:' Designed to work best on charts using Renko or synthetic candle structures. * 'Minimalistic Labels:' Only essential signals appear—no clutter. * 'Unified Alert Condition:' You only need to set up 'one alert' on TradingView for both Buy and Sell signals. The alert will automatically notify you of either event. * 'Customizable Colors:' Easily change background or label colors to match your chart setup. * 'Works on All Timeframes:' But is most effective on time-compressed views or custom Renko timeframes. 📋 Instructions for Use: 1. 'Add the indicator' to your chart. 2. Adjust Renko settings (if applicable) to match your strategy. 3. Customize colors under the “Style” tab (default label text is black). 4. Set your alert: * Right-click the chart → “Add Alert” * Choose the alert condition: “functional calls” * Select your preferred notification method (popup, email, webhook, etc.) * Done! You’ll be alerted for either a Buy or Sell opportunity. 🚨 Alerts Setup (One Alert for Both Directions): To streamline your workflow, this script includes 'one combined alert condition' that fires on either a Buy or Sell signal. This simplifies alert management and ensures you never miss a setup. 📌 Important Notes: * This indicator is intended as a 'signal assistant', not a full trading strategy. Use it in combination with your own risk management and market context. * Works best when used with 'non-time-based Renko charts' or synthetic candle setups that mimic clean price movement. * You can further refine signals by combining this tool with trend filters or volume indicators. 💬 Support: If you need help customizing the tool, understanding the signals, or integrating it into your strategy, feel free to reach out for assistance.
Pine Script® göstergesi
Canyon_Pace tarafından
Candle Count RSI📈 Candle Count RSI — A Dual-Perspective Momentum Engine The Candle Count RSI is a custom-built momentum oscillator that expands on the classic Relative Strength Index (RSI) by introducing a directional-only variant that tracks the frequency of bullish or bearish closes, rather than price magnitude. It gives traders a second lens through which to evaluate momentum, trend conviction, and subtle divergences—often invisible to traditional price-based RSI. 💡 What Makes It Unique? While the standard RSI is sensitive to the size of price changes, the Candle Count RSI is magnitude-blind. It counts candle closes above/below open over a lookback period, generating a purer signal of directional consistency. To enhance signal fidelity, it includes a streak amplifier, dynamically weighting extended runs of green or red candles to reflect intensity of market bias—without introducing artificial price sensitivity. This dual-RSI approach allows for: - Divergence detection between directional bias and price magnitude. - Smoother trend confirmation in choppy markets. - Cleaner visual cues using dynamic glow and background logic. 📐 How Standard RSI Actually Works (Not What You Think) RSI doesn’t just check if price went up or down over a span—it checks each individual candle and tracks whether it closed higher or lower than the one before. Here's how it works under the hood: 1.) For each bar, it calculates the change from the previous close. 2.) It separates those changes into gains (upward moves) and losses (downward moves). 3.) Then it computes a smoothed average of those gains and losses (usually using an RMA). 4.) It calculates the Relative Strength (RS) as: RS = AvgGain / AvgLoss 5.) Finally, it plugs that into the RSI formula: RSI = 100 - (100 / (1 + RS)) ⚖️ What Does the 50 Line Mean? - The RSI scale runs from 0 to 100, but 50 is the true neutral zone: - RSI > 50 means average gains outweigh average losses over the period. - RSI < 50 means losses dominate. - RSI ≈ 50? The market is balanced—momentum is indecisive, no clear trend bias. - This makes 50 a powerful midline for trend filters, directional bias tools, and divergence detection—especially when paired with alternative RSI logic like Candle Count RSI. 🔧 Inputs and Customization - Everything is fully modular and customizable: 🧠 Core Settings - RSI Length: Used for both the standard RSI and Candle Count RSI. 📉 Standard RSI - Classic RSI calculation based on price changes. - Optional WMA smoothing to reduce noise. - Glow effect toggle with custom intensity. 🕯 Candle Count RSI - Computes RSI using only the count of up/down candles. - Optional smoothing for stability. - Amplifies streaks (e.g., multiple consecutive bullish candles increase strength). - Glow effect toggle with adjustable strength. 🎇 Glow Visuals - Background glow (subpane and/or main chart). - Fades based on RSI distance from the 50 midpoint. - Independent color settings for bull and bear bias. 🧬 Divergence Zones - Detects when Candle RSI and Standard RSI diverge. - Highlights: - Bullish Divergence: Candle RSI > 50, Standard RSI < threshold. - Bearish Divergence: Candle RSI < 50, Standard RSI > threshold. - Background fill optionally shown in subpane and/or main chart. 📊 Directional Histogram - MACD-style histogram showing the difference between the two RSI lines. - Color-coded based on directional agreement: - Both rising → green. - Both falling → red. - Conflict → yellow. 🧠 Under the Hood — How It Works 🔹 Standard RSI - Classic ta.rsi() applied to close prices, optionally WMA-smoothed. 🔹 Candle Count RSI (CCR) - Counts how many candles closed up/down over the period. - Computes a magnitude-free RSI from these counts. - Applies a streak-based multiplier to exaggerate trend strength during consecutive green/red runs. - Optionally smoothed with WMA to create a clean signal line. - This makes CCR ideal for detecting true directional bias without being faked out by volatile price spikes. 🔹 Divergence Logic - When Candle RSI and Standard RSI disagree strongly across defined thresholds, background fills highlight early signs of momentum decay or hidden accumulation/distribution. 🔹 Glow Logic - Glow zones are controlled by a master toggle and drawn with dynamic transparency: - Further from 50 = stronger conviction = darker glow. - Shows up in subpane and/or main chart depending on user preference. 📷 Suggested Use Case / Visual Setup - Use in conjunction with your primary price action system. - Watch for divergences between the Candle Count RSI and Standard RSI for early trend reversals. - Use glow bias zones on the main chart to get subconscious directional cues during fast scalping. - Histogram helps you confirm when both RSI variants agree—useful during strong trending conditions. 🛠️ Tip for Traders - This tool isn’t trying to “predict” price. It’s designed to visualize hidden market psychology—when buyers are showing up with consistent pressure, or when momentum has a disconnect between conviction and magnitude. Use this to filter entries, spot weak rallies, or sense when a trend is about to break down. ⚠️ WARNING - Not for use with Heikin Ashi, Renko, etc.). 🧠 Summary Candle Count RSI is not just another mashup—it's a precision-built, dual-perspective oscillator that captures directional conviction using real candle behavior. Whether you're scalping intraday or swing trading momentum, this script helps clarify trend integrity and exposes hidden weaknesses with elegance and clarity. — 🛠️ Built by: Sherlock_MacGyver Feel free to share feedback or reach out if you'd like to collaborate on custom features.
Pine Script® göstergesi
Sherlock_MacGyver tarafından
1
AZRO Systems XRP Top/Bottom Indicator — Invite-Only (v1.0.3)AZRO Systems – XRP Top/Bottom Indicator — Invite-Only VERSION v1.0.3 — first invite-only release ────────────────────────────────────────────────────── WHAT IT DOES • EARLY signal prints intra-bar when any of the multi-factor recipes is triggered. • CONFIRMED signal prints after the weekly candle closes. (If the Soft-Confirm filter is ON, a TOP must first pull back ≈30 % of ATR-90 before it can be confirmed.) • Adds large green/red labels and a light bar-tint once confirmed. • Historical testing shows materially lower draw-downs vs. passive holding while still capturing each macro upswing. HOW IT WORKS (concept level – exact thresholds are locked) 1) Macro-Rotation Gauge – BTC-dominance extremes flag regime shifts that often precede alt-coin pivots. 2) Asset-Share Pivot – XRP market-cap share filters out false RSI spikes. 3) Momentum-Stress Check – Weekly RSI level plus an ATR-based pull-back filter captures exhaustion without waiting for close. A label prints when any recipe combining these lenses meets its criteria, greatly reducing false signals versus single-factor scripts. HOW TO USE 1) Chart: XRP-USD · 1-WEEK (lower time-frames unsupported) 2) Watch: Early label → light tint on Confirmed close 3) Alerts: • Early Bottom / Early Top → ONCE PER BAR • Confirmed Bottom / Confirmed Top → ONCE PER BAR CLOSE USER-VISIBLE INPUTS • Label distance (% ATR-90) – offset for label placement. (Default 50) • Light-mode palette – swap colours for bright themes. (Default OFF) • Soft-Confirm filter – ON waits for ≈30 % ATR pull-back on tops; OFF prints faster tops. (Default ON) • Warning checkbox – visual reminder only; no effect on signals. (Default OFF) ROAD-MAP A BTC preset and an intraday scalp mode for XRP/BTC will be added to this same invite-only script — never separate listings. LIMITATIONS & DISCLAIMER • Designed only for the weekly timeframe; extreme events can override any model — always manage risk. • Educational tool — not financial advice. Past performance ≠ future returns.
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AzroSystems tarafından
Multi-Timeframe Horizontal LinesMulti-Timeframe Horizontal Lines - User Guide This indicator draws horizontal support/resistance lines based on opening prices at specific New York times, regardless of your chart's timezone. How to Use: Enter up to 4 custom times in NY timezone using HH:MM format (e.g., "09:30", "14:00", "20:00") Lines automatically capture the opening price when each specified time hits Toggle the After-Hours Day Open line (6 PM NY start) on/off as needed Key Features: Evening Times (16:00-23:59): Lines extend overnight until next day 3:59 PM NY Morning/Day Times (00:00-15:59): Lines extend until same day 3:59 PM NY Timezone Independent: Always uses NY time regardless of chart timezone Clean Visualization: Lines appear with breaks during inactive periods Perfect For: Marking key session opens (Asian, London, NY) Tracking overnight levels and gaps Setting reference levels that persist across trading sessions Simply input your desired NY times and let the indicator automatically manage when lines appear and disappear based on market sessions.
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Morecowwbell tarafından
NDOG & NWOG Indicatorndicator automatically identifies and displays New Day Opening Gaps (NDOG) and New Week Opening Gaps (NWOG) directly on your chart. It focuses on gaps based on specific session times in the New York (NY) timezone. Key Features: NDOG: Identifies the gap between the NY 4:59 PM (daily close) and the NY 6:00 PM (daily open). NWOG: Identifies the gap between the Friday NY 4:59 PM (weekly close) and the Sunday NY 6:00 PM (weekly open). Draws customizable lines for the high and low levels of each gap. Option to show an additional mid-level line for each gap. Includes options for line colors, styles, and width. Allows filtering gaps by a minimum size. Control the maximum number of recent NDOGs and NWOGs displayed. Optionally shows text labels on the lines and a summary table on the chart. This tool can help traders visualize potential areas of interest related to these specific opening gaps. Note: Calculations are based on the "America/New_York" timezone. Disclaimer: Trading involves risk and may not be suitable for all investors. This indicator is provided for informational and educational purposes only and does not constitute financial advice or a recommendation to trade. Use at your own risk.
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Turkish_Trader_ tarafından