WORKING RANGING FILTER! after years of searching for an indicator i finally managed to create this chatgpt and some other indicator i used as baseline. unfortunately i cant even remember who made original.
it has been reworked so many times.
anyway you can draw trend lines on oscilaltor to see when it breaks and those are big moves.
the oscillator paints background purple when market is moving and color nothing when its ranging. only trend trade when its purple and only range trade when its not.
also seems to be showing divergences which was not my intention but its an all around swiss army knife.
i would pair it with an indicator that tells you overall market direction. like moving averagers, supertrend or similar and only open trades into trend direction when its purple. buy pullbacks.
treshold increase will give less signals.
i added a moving average to oscillator(because it was very spikey) so treshold level interract
with the moving average to give better results.
let me know what you think
Osilatörler
SMA + RSI + ADX + ATR StrategyСильно не ругайте это первая моя стратегия, она простая но со вкусом как говорят, пробуйте вносите изменения.
Помощь в допиливании стратегии приветсвуется!
✅ Используются индикаторы:
SMA 10 и SMA 200 – для входа по пересечению
RSI – для подтверждения тренда
ADX – для определения силы тренда
ATR – для расчёта волатильности
✅ Работает на таймфреймах:
M5, H3, H4, D1, MN
✅ Открывает сделки:
BUY – когда SMA10 пересекает SMA200 вверх, и RSI + ADX подтверждают тренд
SELL – когда SMA10 пересекает SMA200 вниз, и RSI + ADX подтверждают тренд
✅ Управляет риском:
Использует не более 2% от депозита на одну сделку
✅ Поддерживает хеджирование
RSI/MOM/MACD/Squezee/Donchian/HULL/SUPERTREND/Waddath Attar GAOOptimized Trading Strategy with RSI, MOM, MACD, Donchian, Squeeze, HULL, Supertrend & Waddah Attar
Our trading strategy combines multiple technical indicators to maximize trend identification, momentum confirmation, and trade execution precision.
📌 RSI (Relative Strength Index) – Measures overbought and oversold conditions, helping to spot potential reversals.
📌 MOM (Momentum Indicator) – Confirms price acceleration and strength, identifying possible breakouts or trend exhaustion.
📌 MACD (Moving Average Convergence Divergence) – A trend-following momentum indicator that highlights bullish or bearish crossovers.
📌 Donchian Channel – Defines support and resistance levels, signaling breakouts when price moves beyond its range.
📌 Squeeze (TTM Squeeze) – Detects periods of low volatility before explosive moves, ideal for breakout trading.
📌 HULL Moving Average – A fast and smooth moving average used to reduce lag and provide better trend direction.
📌 Supertrend – A dynamic trend indicator that adjusts based on volatility, providing clear buy and sell signals.
📌 Waddah Attar Explosion – Measures momentum and volatility, helping to confirm strong breakouts with volume-based signals.
By integrating these indicators on higher timeframes (such as 4H and Daily), traders can refine entry and exit points, minimize false signals, and maximize profits. 🚀📈
MediMoving Average with Customized Deviation by MarcosJuniorAn indicator that uses two adjustable arithmetic moving averages, as needed, where the averages are from the same periods, one average being standard and the other average using a calculation base for standard deviation based on the volatility of the moment.
RSI, Stochastic, and Volume Combined by joegtec v3.1RSI and Stochastic Combined by joegtec v3.1
-rsi , it can remove from graph
-sto , it can remove from graph
-volume , it can remove from graph
this version for test by joegtec
Volatility Arbitrage Spread Oscillator Model (VASOM)The Volatility Arbitrage Spread Oscillator Model (VASOM) is a systematic approach to capitalizing on price inefficiencies in the VIX futures term structure. By analyzing the differential between front-month and second-month VIX futures contracts, we employ a momentum-based oscillator (Relative Strength Index, RSI) to signal potential market reversion opportunities. Our research builds upon existing financial literature on volatility risk premia and contango/backwardation dynamics in the volatility markets (Zhang & Zhu, 2006; Alexander & Korovilas, 2012).
Volatility derivatives have become essential tools for managing risk and engaging in speculative trades (Whaley, 2009). The Chicago Board Options Exchange (CBOE) Volatility Index (VIX) measures the market’s expectation of 30-day forward-looking volatility derived from S&P 500 option prices (CBOE, 2018). Term structures in VIX futures often exhibit contango or backwardation, depending on macroeconomic and market conditions (Alexander & Korovilas, 2012).
This strategy seeks to exploit the spread between the front-month and second-month VIX futures as a proxy for term structure dynamics. The spread’s momentum, quantified by the RSI, serves as a signal for entry and exit points, aligning with empirical findings on mean reversion in volatility markets (Zhang & Zhu, 2006).
• Entry Signal: When RSI_t falls below the user-defined threshold (e.g., 30), indicating a potential undervaluation in the spread.
• Exit Signal: When RSI_t exceeds a threshold (e.g., 70), suggesting mean reversion has occurred.
Empirical Justification
The strategy aligns with findings that suggest predictable patterns in volatility futures spreads (Alexander & Korovilas, 2012). Furthermore, the use of RSI leverages insights from momentum-based trading models, which have demonstrated efficacy in various asset classes, including commodities and derivatives (Jegadeesh & Titman, 1993).
References
• Alexander, C., & Korovilas, D. (2012). The Hazards of Volatility Investing. Journal of Alternative Investments, 15(2), 92-104.
• CBOE. (2018). The VIX White Paper. Chicago Board Options Exchange.
• Jegadeesh, N., & Titman, S. (1993). Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency. The Journal of Finance, 48(1), 65-91.
• Zhang, C., & Zhu, Y. (2006). Exploiting Predictability in Volatility Futures Spreads. Financial Analysts Journal, 62(6), 62-72.
• Whaley, R. E. (2009). Understanding the VIX. The Journal of Portfolio Management, 35(3), 98-105.
ELITE QUADRO STOCH RSIIt shows 4 different Stochastic RSI and when all of them are oversold / overbought it gives buy (blue) or sell (pink) signals.
This way by multipling basic periods you can monitor another timeframes.
For Example:
15 minutes - 14 (as a basic period)
1 hour - 14 x 4 = 56
4 hour - 14 x 4 x 4 = 224
1 day - 14 x 4 x 4 x 8 = 1792
But i recommend use it for close timeframe:
5M , 15M, 30M and 1H (to trade on 5M);
or 15M, 30M, 1H and 4H (to trade on 15M)
Bollinger Bands with Narrow ConsolidationВ индикатор по полосам боллинджера добавлена функция выделения зон узкой консолидации, что можно использовать сигналом к предстоящему пампу
Advanced Momentum IndicatorRSI - stochastic RSI - macD overlay
BUY - SELL signals
fibonacci based - osi
Divergence Detector by jithinYour script is designed to detect divergences using either RSI or MACD as the oscillator.
Opening Score with DivergenceOverview
The Opening Score Indicator is a versatile tool designed to help traders assess market sentiment, trend direction, and potential reversals. By combining Opening Range Breakout (ORB), VWAP, Trend, Volatility, and Divergence Detection, this indicator provides a composite score that adapts to different market conditions.
This version includes divergence detection between the Opening Score and price, which highlights potential trend reversals or continuations before they happen. When a regular divergence occurs, the histogram bar turns orange, signaling an increased probability of a trend change.
Best for Both Intraday & Longer-Term Charts
📊 Optimized for intraday trading → Works well on 1m to 30m timeframes for short-term strategies.
📈 Also effective on longer-term charts → Can be used on 1-hour, 4-hour, daily, or weekly charts to identify macro trends and momentum shifts.
🕰️ Adapts to different market conditions → Whether you’re a day trader, swing trader, or position trader, the Opening Score helps you track trend health and reversals.
How It Works
📊 Composite Opening Score Calculation
• ORB Signal → Detects bullish/bearish breakouts based on the opening range.
• VWAP Signal → Measures price positioning relative to VWAP for trend confirmation.
• Trend Signal → Uses a moving average to determine market direction.
• Volatility Signal → Tracks ATR changes to assess market strength.
• Divergence Detection → Identifies regular and hidden divergences for potential reversals or trend continuation.
🔹 Reversal Alerts with Color-Coded Histogram
• Green Bars → Normal bullish Opening Score.
• Red Bars → Normal bearish Opening Score.
• Orange Bars → Warning! Regular Divergence detected → Possible trend reversal.
🔹 Hidden & Regular Divergence Detection
• Regular Divergence (Reversal Signals)
• 📉 Bearish Regular Divergence → Price makes a Higher High, but Opening Score makes a Lower High → 🔻 Possible Downtrend Reversal.
• 📈 Bullish Regular Divergence → Price makes a Lower Low, but Opening Score makes a Higher Low → 🔼 Possible Uptrend Reversal.
• Hidden Divergence (Trend Continuation Signals)
• 📉 Bearish Hidden Divergence → Price makes a Lower High, but Opening Score makes a Higher High → 🔻 Trend Likely to Continue Down.
• 📈 Bullish Hidden Divergence → Price makes a Higher Low, but Opening Score makes a Lower Low → 🔼 Trend Likely to Continue Up.
How to Use It
✅ Watch for Reversal Alerts (Orange Bars) → These highlight potential market turning points.
✅ Use the Zero Line as a Trend Filter → A score above 0 suggests bullish conditions, while below 0 signals bearish conditions.
✅ Combine with Market Structure & Volume Profile → Works well when paired with support/resistance levels, liquidity zones, and order flow data.
✅ Adjust settings based on timeframe → Increase moving average length & lookback periods for longer-term analysis.
Why Use This Indicator?
🚀 Works for both short-term and long-term traders → Adapts to intraday and higher timeframes.
📊 Multi-Factor Analysis → Combines multiple key market indicators for better accuracy.
🎯 Customizable Weighting → Adjust the influence of each signal to suit your trading style.
✅ No Clutter – Only the Opening Score is plotted → Keeps your chart clean & efficient.
🔔 Recommended for Intraday Trading (1m – 30m) AND Longer-Term Analysis (1H – Weekly) → Use this indicator to enhance your trend detection & reversal strategy! 🚀
Ichimoku Score Indicator [tanayroy]The Ichimoku Cloud is a comprehensive indicator that provides a clear view of market states through five key components. By analyzing the interaction between these components and the asset's price, traders can gain insights into trend direction, momentum, and potential reversals.
Introducing the Ichimoku Score System
I have developed a scoring system that quantifies these interactions, offering an objective method to evaluate market conditions. The score is calculated based on the relative positioning of Ichimoku components, with adjustable weightings via user input.
Scoring Criteria
Each component contributes to the overall score as follows:
Price vs. Cloud (Kumo) & Other Components
Price vs. Kumo → 2 Points
Price vs. Kumo Shadow → 0.5 Points
Tenkan vs. Kijun
Tenkan vs. Kijun → 2 Points
Tenkan vs. Kumo → 0.5 Points
Kijun vs. Kumo → 0.5 Points
Tenkan Slope → 0.5 Points
Kijun Slope → 0.5 Points
Chikou Span Interactions
Price vs. Chikou → 2 Points
Chikou vs. Kumo → 0.5 Points
Chikou Consolidation → 0.5 Points
Senkou Span Analysis
Senkou A vs. Senkou B → 2 Points
Senkou Slope → 0.5 Points
Price vs. Key Levels
Price vs. Tenkan → 2 Points
Price vs. Kijun → 2 Points
Interpreting the Score
The aggregate score functions as an oscillator, fluctuating between a range of ±16.0.
A higher score indicates strong bullish momentum.
A lower score suggests bearish market conditions.
To enhance readability and smooth fluctuations, a 9-period SMA is applied to the score.
Application in Algorithmic Trading
This scoring system helps integrate Ichimoku Cloud principles into algorithmic trading strategies by providing a structured and quantifiable method for assessing market conditions.
Would love to hear your feedback! 🚀 Let me know how this system works for you.
Ayk. Triple MA and RSI,ATR3 ağırlıklı ortalama, RSI değerleri ve anlık ATR değerleirnden oluşan bir kombinasyon yapıldı.
Composite Strength Indicator This indicator calculates a composite market strength value by
combining multiple technical metrics: a manually-computed ADX,
RSI, EMA crossover, MACD histogram, and Rate of Change (ROC).
The indicator then visualizes the strength by changing both the
chart's background color and the candle (bar) colors based on
several strength phases:
- Very Strong Bullish (> 30): Green (background semi-transparent, candles opaque)
- Moderately Strong Bullish (21 to 30): Lime
- Mild Bullish (11 to 20): Teal
- Neutral (-10 to 10): Gray
- Mild Bearish (-20 to -11): Orange
- Moderately Strong Bearish (-30 to -21): Red
- Very Strong Bearish (< -30): Maroon
You can customize the indicator parameters (ADX, RSI, EMA, MACD, ROC)
and use the toggles "Display Background Color" and "Display Candle Color"
to enable or disable each color feature.
Relative Strength Index colored above/below midpointThis indicator enhances the standard Relative Strength Index (RSI) by incorporating dynamic color changes, moving average smoothing, Bollinger Bands, and divergence detection. It visually highlights overbought and oversold conditions while offering customizable smoothing options to refine RSI signals. Additionally, it detects potential bullish and bearish divergences by analyzing price action relative to RSI movements, helping traders spot potential trend reversals. The indicator also provides real-time alerts when divergences are detected, making it a valuable tool for identifying shifts in market momentum.
SCAE MJ VolSpikeCustom indicator named "SCAE MJ VolSpike." It combines multiple technical analysis tools, including EMAs (Exponential Moving Averages), KDJ, MACD, and volume spike detection, to generate buy/sell signals and overbought/oversold alerts. Below is a breakdown of the script's functionality:
Key Components of the Script
1. Input Parameters:
- Users can customize the periods for KDJ, MACD, lookback, and volume spike thresholds.
- Parameters include:
- P1, P2, P3 for KDJ periods.
- SHORT, LONG, M for MACD periods.
- N for the lookback period.
- volume_spike_buy_multiplier, volume_spike_pullback_multiplier and volume_spike_sell_multiplier for volume spike thresholds.
- volume_ma_period for the volume moving average.
2. EMA Calculations:
- The script calculates EMAs for periods 5, 9, 21, 42, and 200.
- These EMAs are plotted on the chart with different colors for visualization.
3. KDJ Calculation:
- The KDJ indicator is calculated using the formula:
- RSV (Raw Stochastic Value) = (close - lowest(low, P1)) / (highest(high, P1) - lowest(low, P1)) * 100
- K = SMA of RSV over P2 periods.
- D = SMA of K over P3 periods.
- J = 3 * K - 2 * D.
4. MACD Calculation:
- The MACD is calculated as:
- DIF = EMA(close, SHORT) - EMA(close, LONG).
- DEA = EMA(DIF, M).
- MACD = (DIF - DEA) * 2.
5. Normalization and Scaling:
- The script normalizes the KDJ and MACD values to align them on a similar scale for comparison.
- This ensures that the indicators can be used together effectively.
6. Volume Spike Detection:
- A volume spike is detected when the current volume exceeds the moving average of volume (volume_ma) plus a multiple of the standard deviation (volume_std).
- Two thresholds are used:
- volume_spike_buy_threshold and volume_spike_sell_threshold for significant spikes.
- volume_spike_pullback_threshold for pullback conditions.
7. Buy/Sell Conditions:
- Buy Signal:
- Triggered when:
- DIF crosses above DEA.
- Volume exceeds the spike threshold.
- Price is above the 9 EMA and 200 EMA.
- Alternatively, a buy signal is triggered during a pullback if the price is above the 21 EMA but below the 200 EMA.
- Sell Signal:
- Triggered when:
- DIF crosses below DEA.
- Volume exceeds the spike threshold.
- Price is below the 9 EMA but above the 21 EMA.
- Overbought/Oversold Conditions:
- Overbought: J_new > 90.
- Oversold: J_new < -90.
8. Plotting and Alerts:
- Buy/sell signals are plotted as arrows on the chart.
- Alerts are set up for:
- Buy signals.
- Pullback signals.
- Sell signals.
- Overbought/oversold conditions.
How to Use the Indicator
1. Add the script to a TradingView chart.
2. Customize the input parameters as needed.
3. Look for buy/sell signals indicated by arrows on the chart.
4. Use the alerts to get notified of trading opportunities.
Example Use Case
- Buy Signal: When the MACD (DIF) crosses above the signal line (DEA) and volume spikes, a green "B" arrow appears below the price bar.
- Sell Signal: When the MACD crosses below the signal line and volume spikes, a red "S" arrow appears above the price bar.
- Overbought/Oversold: Yellow arrows indicate potential reversal points when the KDJ indicator is in overbought or oversold territory.
This script is a tool for traders who want to combine multiple indicators into a single, cohesive strategy. It can be further customized to suit specific trading styles or asset classes.
Limanx RSI AlertEnglish Usage Guide for Limanx RSI Alert
Overview
The Limanx RSI Alert indicator calculates the Relative Strength Index (RSI) using a user-defined period and displays it in a separate pane. It draws horizontal lines at customizable high and low RSI levels and generates alerts when the RSI exceeds the high level or falls below the low level.
Features
RSI Calculation:
Computes the RSI based on the closing prices.
The period can be adjusted using the "RSI Period" input.
Customizable Thresholds:
Set your desired high and low levels using the "High RSI Level" and "Low RSI Level" inputs.
Alert Conditions:
Triggers an alert when the RSI is at or above the high level.
Triggers an alert when the RSI is at or below the low level.
Alert messages are defined as constant strings to meet TradingView requirements.
Plotting:
The RSI is plotted as a blue line in a dedicated panel.
Horizontal lines mark the high (red) and low (green) thresholds, making it easy to visualize potential overbought or oversold conditions.
How to Use
Add the Code to TradingView:
Copy the complete code and paste it into the Pine Editor in TradingView.
Customize Input Parameters:
Modify the "RSI Period" to change the period used for the RSI calculation.
Adjust the "High RSI Level" and "Low RSI Level" to set your desired threshold values.
Add the Indicator to Your Chart:
Save the script and add it to your chart. It will appear in a separate panel below the main price chart.
Set Up Alerts (Optional):
Use TradingView's alert system by selecting the defined alert conditions ("RSI High" and "RSI Low") to receive notifications when the RSI reaches the specified levels.
ICT Gold Strategy by ViB3ZGold Market ICT Indicator
The Gold Market ICT Indicator is designed to help traders identify key levels and price action patterns commonly used in Inner Circle Trader (ICT) strategies, specifically tailored for the gold market (XAU/USD). This indicator aims to simplify the process of recognizing potential buy and sell zones, optimal entry points, and important market structure shifts in real time.
Key Features:
Liquidity Pools: The indicator highlights potential liquidity pools around key price levels. These pools are critical as they represent areas where stop orders, buy/sell orders, or institutional interest might be concentrated, often leading to significant market moves.
ICT Market Structure: The indicator marks various phases of the market structure, including:
Higher Highs and Higher Lows (Bullish Structure)
Lower Highs and Lower Lows (Bearish Structure)
Break of Structure (BoS): A break in market structure indicating a potential reversal or continuation.
Order Blocks: These are areas where institutional orders may have caused a shift in market structure. The indicator highlights both bullish and bearish order blocks that serve as potential support or resistance zones.
Fair Value Gaps (FVG): The indicator displays Fair Value Gaps, which are often areas of imbalance between the buyers and sellers in the market. These gaps can provide insight into potential price action as the market attempts to "fill" these gaps.
ICT Kill Zones: The indicator marks the time frames during which institutional activity tends to be higher. These are the key windows (such as the London or New York session open) when price volatility and movement are typically more pronounced, increasing the probability of accurate setups.
Optimal Trade Entry (OTE): The indicator calculates and marks the potential Optimal Trade Entry zones, which are derived from the Fibonacci retracement levels and aligned with institutional order flow. These zones help traders spot the most favorable risk-to-reward entry points.
Candle Patterns and Price Action Signals: The ICT Gold Market Indicator also recognizes price action signals, such as reversal candles or continuation patterns, that may indicate potential shifts in trend or upcoming moves in the market.
Usage Tips:
Traders should focus on trading when price is approaching highlighted order blocks, liquidity pools, or FVGs, especially during the ICT Kill Zone periods for higher probability setups.
Use additional confirmation like price action signals or market structure breaks (BoS) to increase trade accuracy.
Always consider the broader market context, including the overall trend direction indicated by the ICT market structure, before taking positions.
This indicator is designed to bring the power of the ICT methodology directly to your charts, simplifying decision-making and improving your trading edge in the gold market.
TDI с дивергенциейКак пользоваться индикатором
Зелёная линия – RSI (основной индикатор).
Жёлтая линия – сглаженный RSI (сигнальная линия).
Синие линии – границы Bollinger Bands.
Фон окрашивается при выходе RSI за пределы BB.
Дивергенции (надписи Bull Div и Bear Div) появляются, когда цена и RSI расходятся.
Как интерпретировать сигналы?
Медвежья дивергенция (Bear Div, красный текст)
→ Цена делает новый максимум, но RSI ниже предыдущего пика.
→ Возможен разворот вниз.
Бычья дивергенция (Bull Div, зелёный текст)
→ Цена делает новый минимум, но RSI выше предыдущего дна.
→ Возможен разворот вверх.
Выход RSI за границы Bollinger Bands
→ Может означать перекупленность/перепроданность.
→ Возможен откат.
Торговая стратегия
Вход на дивергенциях + подтверждающие сигналы (паттерны, объёмы).
Стоп-лосс за последний максимум/минимум.
Тейк-профит на ближайшем уровне сопротивления/поддержки.
x1Multi Time Frame RSI Panel", designed to monitor the Relative Strength Index (RSI) across multiple timeframes and generate buy and sell alerts based on predefined RSI thresholds. Here's a breakdown of its functionality:
Key Features:
Multi-Timeframe RSI Calculation:
Fetches RSI values from various timeframes, including 1m, 3m, 5m, 7m, 15m, 30m, 1h, 2h, 4h, 1d, 1w, 1M.
Allows users to select which timeframes they want to display.
RSI Thresholds for Buy and Sell Alerts:
Allows users to configure RSI thresholds for different timeframes.
Buy and sell conditions are determined based on RSI crossovers and crossunders.
Customizable Settings:
Dark Mode option for better visibility.
Adjustable RSI period.
Custom upper and lower RSI thresholds for each timeframe.
Alert Conditions:
Buy Alert:
RSI crossover for the 1-minute timeframe.
RSI values within predefined thresholds for 3m, 15m, 30m, and 60m.
Sell Alert:
RSI crossunder for the 1-minute timeframe.
RSI values below predefined thresholds for 3m, 15m, 30m, and 60m.
Alerts are triggered visually on the chart and through TradingView's alert system.
GFS2k25Multi Time Frame RSI Panel", designed to monitor the Relative Strength Index (RSI) across multiple timeframes and generate buy and sell alerts based on predefined RSI thresholds. Here's a breakdown of its functionality:
Key Features:
Multi-Timeframe RSI Calculation:
Fetches RSI values from various timeframes, including 1m, 3m, 5m, 7m, 15m, 30m, 1h, 2h, 4h, 1d, 1w, 1M.
Allows users to select which timeframes they want to display.
RSI Thresholds for Buy and Sell Alerts:
Allows users to configure RSI thresholds for different timeframes.
Buy and sell conditions are determined based on RSI crossovers and crossunders.
Customizable Settings:
Dark Mode option for better visibility.
Adjustable RSI period.
Custom upper and lower RSI thresholds for each timeframe.
Alert Conditions:
Buy Alert:
RSI crossover for the 1-minute timeframe.
RSI values within predefined thresholds for 3m, 15m, 30m, and 60m.
Sell Alert:
RSI crossunder for the 1-minute timeframe.
RSI values below predefined thresholds for 3m, 15m, 30m, and 60m.
Alerts are triggered visually on the chart and through TradingView's alert system.
Price Volume Trend Oscillator AlertsA simple smoothed PVT oscillator with adjustable high and low thresholds and an exponential average thrown in.
Gives entry and exit signals when PVT (orange) crosses EMA (blue) or PVT crosses midline for the more cautious.
Look for divergences for beetter results.
Alerts for everything; threshold crosses, ema crosses and midline crosses.
Experimenting with settings might improve (or worsen) results!
Never rely on one indicator.
Good luck!
Rate of Change of Rate of Change (ROC²) HistogramRate of Change of Rate of Change (ROC²) Histogram – TradingView Indicator
Overview:
The ROC² Histogram is a momentum-based indicator that measures the rate of change of the rate of change in price. This second derivative of price action helps traders identify momentum acceleration and deceleration, making it a powerful tool for forecasting potential trend shifts, market compression, and breakout conditions.
How It Works:
1. First Rate of Change (ROC) – Measures the percentage change in price over a user-defined period.
2. Second Rate of Change (ROC²) – Measures the rate of change of the first ROC, identifying whether momentum is increasing or decreasing.
3. Color-Coded Histogram for Easy Analysis:
• 🔵 Dark Blue → Increasing positive momentum (acceleration uptrend).
• 🔷 Light Blue → Decreasing positive momentum (uptrend losing steam).
• 🔴 Dark Red → Increasing negative momentum (acceleration downtrend).
• 🔻 Light Red → Decreasing negative momentum (downtrend losing strength).
Trading Applications:
✅ Detect Momentum Shifts: A very low ROC² value suggests that momentum is compressing, signaling an upcoming breakout or trend shift.
✅ Confirm Trend Strength: Strongly colored bars (dark blue or dark red) indicate an active trend, while light-colored bars signal a weakening trend.
✅ Use with Other Indicators: Combine with Volume Profile, VWAP, or Support/Resistance levels for higher-confidence trade setups.
Customization:
• Adjustable ROC and ROC² length settings to fine-tune sensitivity.
• Works across all timeframes and asset classes.
• Optimized visual representation with wide histogram bars for better clarity.
🚀 Add the ROC² Histogram to your chart today and refine your market timing! 🚀