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Marx Current Trend DisplayMarx Current Trend Display Identify trend direction instantly on any timeframe This indicator gives you a clear, visual confirmation of the current market trend — Bullish or Bearish — based on price action relative to a customisable Exponential Moving Average (EMA). ⸻ ✅ Features • Dynamically determines trend using a user-defined EMA (default: 200) • Shows a floating label above price: • 🟢 “BULLISH TREND” when price is above EMA • 🔴 “BEARISH TREND” when price is below EMA • Optional color-coded background to make trend state even more obvious • Works on any market and timeframe • Simple, clean, and easy to interpret ⸻ 🧠 How It Works • Bullish Trend: Current price is above the EMA • Bearish Trend: Current price is below the EMA • EMA is plotted directly on the chart for additional clarity ⸻ ⚙️ Customisable Settings • EMA length (default: 200) • Show/hide trend labels • Toggle background color on/off ⸻ This is a perfect tool for traders who want quick confirmation of trend bias without clutter. Pair it with your entry/exit system or use it as a filter to stay aligned with market momentum.
Pine Script® göstergesi
MrWil5on tarafından
Marx Current Trend DisplayMarx Current Trend Display Identify trend direction instantly on any timeframe This indicator gives you a clear, visual confirmation of the current market trend — Bullish or Bearish — based on price action relative to a customisable Exponential Moving Average (EMA). ⸻ ✅ Features • Dynamically determines trend using a user-defined EMA (default: 200) • Shows a floating label above price: • 🟢 “BULLISH TREND” when price is above EMA • 🔴 “BEARISH TREND” when price is below EMA • Optional color-coded background to make trend state even more obvious • Works on any market and timeframe • Simple, clean, and easy to interpret ⸻ 🧠 How It Works • Bullish Trend: Current price is above the EMA • Bearish Trend: Current price is below the EMA • EMA is plotted directly on the chart for additional clarity ⸻ ⚙️ Customisable Settings • EMA length (default: 200) • Show/hide trend labels • Toggle background color on/off ⸻ This is a perfect tool for traders who want quick confirmation of trend bias without clutter. Pair it with your entry/exit system or use it as a filter to stay aligned with market momentum.
Pine Script® göstergesi
MrWil5on tarafından
Marx Weekly Pivot StrategyMarx Weekly Pivot Strategy is a price action-based system that looks for high-probability reversals at key institutional levels — the weekly pivot point (PP). It’s designed to catch early-week moves with tight risk and strong reward potential. ⸻ How It Works • Uses the previous week’s high, low, and close to calculate the weekly pivot (PP), R1, and S1. • Enters long when price opens below PP but reclaims and closes above it, showing bullish reversal. • Enters short when price opens above PP but breaks and closes below, indicating bearish reversal. • Optional RSI confirmation helps filter false signals (default: RSI > 50 for longs, < 50 for shorts). • Take Profit is set at R1 (for longs) or S1 (for shorts), with Stop Loss on the opposite side of the pivot. ⸻ 🧠 Why It Works Institutions and professional traders often use pivot points to identify high-volume reaction zones. This strategy taps into that order flow early in the week, aiming for high reward-to-risk setups when price retests and confirms these levels. ⸻ 📊 Best Used On • Liquid markets like EUR/USD, GBP/JPY, NAS100, XAU/USD • Intraday timeframes like 15m or 1h • Especially effective Monday to Wednesday ⸻ ⚠️ Notes • Avoid trading during high-impact news • Backtest with your asset before live use • Works best with additional trend filters for volatile markets
Pine Script® stratejisi
MrWil5on tarafından