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HP Strategy (Hannah's Precise) - with AlertsThis script is for a custom indicator called HP Strategy (Hannah’s Precise). It identifies high-probability buy and sell setups based on: Order block detection (based on specific bullish/bearish candle formations) EMA confluences (price bouncing off 20, 50, 100 EMAs) Hull Moving Average (HMA100) for trend direction A custom Trama line for added confirmation The strategy ensures only buys above HMA100 and EMA100, and only sells below them When all these conditions align with a valid order block, the indicator shows a BUY or SELL label and optionally triggers an alert.
Pine Script® göstergesi
hannahmohamed tarafından
NY ORB + Fakeout Detector🗽 NY ORB + Fakeout Detector This indicator automatically plots the New York Opening Range (ORB) based on the first 15 minutes of the NY session (15:30–15:45 CEST / 13:30–13:45 UTC) and detects potential fakeouts (false breakouts). 🔍 Key Features: ✅ Plots ORB high and low based on the 15-minute NY open range ✅ Automatically detects fake breakouts (price wicks beyond the box but closes back inside) ✅ Visual markers:   🔺 "Fake ↑" if a fake breakout occurs above the range   🔻 "Fake ↓" if a fake breakout occurs below the range ✅ Gray background highlights the ORB session window ✅ Designed for scalping and short-term breakout strategies 🧠 Best For: Intraday traders looking for NY volatility setups Scalpers using ORB-based entries Traders seeking early-session fakeout traps to avoid false signals Those combining with EMA 12/21, volume, or other confluence tools
Pine Script® göstergesi
STEFANGAS tarafından
GStrategy with Long & Short WIF 1hThis is a 4-hour chart strategy for cryptocurrency trading, combining RSI-based divergence signals and trend filters. The script identifies bullish and bearish divergences, and executes long and short entries based on RSI levels. It limits holding time per trade, controls risk with stop-loss and take-profit levels, and provides visual markers for entries and exits. The strategy is designed for intraday to swing trading, aiming for consistent small gains with minimal losses.
Pine Script® stratejisi
Graali tarafından
CNN Statistical Trading System [PhenLabs]📌 DESCRIPTION An advanced pattern recognition system utilizing Convolutional Neural Network (CNN) principles to identify statistically significant market patterns and generate high-probability trading signals. CNN Statistical Trading System transforms traditional technical analysis by applying machine learning concepts directly to price action. Through six specialized convolution kernels, it detects momentum shifts, reversal patterns, consolidation phases, and breakout setups simultaneously. The system combines these pattern detections using adaptive weighting based on market volatility and trend strength, creating a sophisticated composite score that provides both directional bias and signal confidence on a normalized -1 to +1 scale. 🚀 CONCEPTS • Built on Convolutional Neural Network pattern recognition methodology adapted for financial markets • Six specialized kernels detect distinct price patterns: upward/downward momentum, peak/trough formations, consolidation, and breakout setups • Activation functions create non-linear responses with tanh-like behavior, mimicking neural network layers • Adaptive weighting system adjusts pattern importance based on current market regime (volatility < 2% and trend strength) • Multi-confirmation signals require CNN threshold breach (±0.65), RSI boundaries, and volume confirmation above 120% of 20-period average 🔧 FEATURES Six-Kernel Pattern Detection: Simultaneous analysis of upward momentum, downward momentum, peak/resistance, trough/support, consolidation, and breakout patterns using mathematically optimized convolution kernels. Adaptive Neural Architecture: Dynamic weight adjustment based on market volatility (ATR/Price) and trend strength (EMA differential), ensuring optimal performance across different market conditions. Professional Visual Themes: Four sophisticated color palettes (Professional, Ocean, Sunset, Monochrome) with cohesive design language. Default Monochrome theme provides clean, distraction-free analysis. Confidence Band System: Upper and lower confidence zones at 150% of threshold values (±0.975) help identify high-probability signal areas and potential exhaustion zones. Real-Time Information Panel: Live display of CNN score, market state with emoji indicators, net momentum, confidence percentage, and RSI confirmation with dynamic color coding based on signal strength. Individual Feature Analysis: Optional display of all six kernel outputs with distinct visual styles (step lines, circles, crosses, area fills) for advanced pattern component analysis. User Guide • Monitor CNN Score crossing above +0.65 for long signals or below -0.65 for short signals with volume confirmation • Use confidence bands to identify optimal entry zones - signals within confidence bands carry higher probability • Background intensity reflects signal strength - darker backgrounds indicate stronger conviction • Enter long positions when blue circles appear above oscillator with RSI < 75 and volume > 120% average • Enter short positions when dark circles appear below oscillator with RSI > 25 and volume confirmation • Information panel provides real-time confidence percentage and momentum direction for position sizing decisions • Individual feature plots allow granular analysis of specific pattern components for strategy refinement 💡Conclusion CNN Statistical Trading System represents the evolution of technical analysis, combining institutional-grade pattern recognition with retail accessibility. The six-kernel architecture provides comprehensive market pattern coverage while adaptive weighting ensures relevance across all market conditions. Whether you’re seeking systematic entry signals or advanced pattern confirmation, this indicator delivers mathematically rigorous analysis with intuitive visual presentation.
Pine Script® göstergesi
PhenLabs tarafından
1
CVD Divergence & Volume ProfileThis Pine Script indicator, named "CVD Divergence & Volume Profile," is designed to identify potential trading opportunities by combining Cumulative Volume Delta (CVD) divergence with Volume Profile levels and an optional Simple Moving Average (SMA) trend filter. It plots signals directly on the price chart. Here's a breakdown of what each component does and how to potentially trade with it: 1. Cumulative Volume Delta (CVD) Divergence What it does: CVD measures the cumulative difference between buying and selling volume. A rising CVD indicates more buying pressure, while a falling CVD indicates more selling pressure. Divergence occurs when the price action contradicts the CVD's direction, suggesting a potential shift in momentum or trend reversal. Bearish Divergence: The price makes a higher high, but the CVD makes a lower high (or fails to make a new high). This suggests that despite the price increasing, the underlying buying pressure is weakening. Bullish Divergence: The price makes a lower low, but the CVD makes a higher low (or fails to make a new low). This suggests that despite the price decreasing, the underlying selling pressure is weakening. Visualization: Red triangle pointing down on the chart indicates a Bearish Divergence signal. Green triangle pointing up on the chart indicates a Bullish Divergence signal. 2. Volume Profile Levels (VAH, VAL, POC) What it does: The indicator calculates simplified Volume Profile levels over a user-defined vp_range (number of candles). These levels represent areas where significant trading activity has occurred: VAH (Value Area High): The upper boundary of the "Value Area," where 70% of the volume traded. VAL (Value Area Low): The lower boundary of the "Value Area," where 70% of the volume traded. POC (Point of Control): The price level within the vp_range where the most volume was traded. Significance: These levels often act as significant support and resistance zones. Visualization: Orange lines for VAH and VAL. Yellow line for POC. Zone Proximity (zone_thresh): The indicator only generates divergence signals if the current close price is within a specified percentage zone_thresh of either VAH, VAL, or POC. This filters signals to areas of high liquidity and potential turning points. 3. Trend Filter (SMA) What it does: This is an optional filter (use_trend_filter) that uses a Simple Moving Average (sma_period, default 200). Significance: It helps ensure that divergence signals are traded in alignment with the broader market trend, potentially increasing their reliability. For long signals (bullish divergence), the price (close) must be above the SMA (indicating an uptrend). For short signals (bearish divergence), the price (close) must be below the SMA (indicating a downtrend). Visualization: A blue line on the chart representing the SMA. How to Trade with It (Potential Strategies) The indicator aims to provide high-probability entry points by combining multiple confirming factors. Here's how you might interpret and trade the signals: Identify Divergence: Look for the triangle signals on your chart (red for bearish, green for bullish). Confirm Proximity to Volume Profile Levels: The signal itself confirms that the price is near a significant Volume Profile level (VAH, VAL, or POC). These are areas where price often reacts. Bullish Signal (Green Triangle): This suggests buying momentum is returning after a price decline, especially when the price is near VAL or POC, which might act as support. Bearish Signal (Red Triangle): This suggests selling momentum is increasing after a price rally, especially when the price is near VAH or POC, which might act as resistance. Check Trend Alignment (SMA Filter): For a long trade: You would ideally want to see a green triangle (bullish divergence) while the price is above the blue SMA line. This indicates a bullish divergence confirming a potential bounce within an existing uptrend. For a short trade: You would ideally want to see a red triangle (bearish divergence) while the price is below the blue SMA line. This indicates a bearish divergence confirming a potential rejection within an existing downtrend. Entry and Exit Considerations: Entry: Consider entering a trade on the candle where the signal appears, or on the subsequent candle for confirmation. Stop Loss: For a long trade, a logical stop-loss could be placed below the lowest point of the divergence, or below the VAL/POC if the signal occurred near it. For a short trade, above the highest point of the divergence or VAH/POC. Take Profit: Targets could be set at the opposite Volume Profile level, previous swing highs/lows, or using a fixed risk-reward ratio. Example Trading Scenario: Long Trade: You see a green triangle (bullish divergence) printed on the chart. You notice the price is currently at the VAL (orange line). You check the blue SMA line and confirm that the price is above it (uptrend). This confluence of factors (bullish divergence, support at VAL, and uptrend) provides a strong potential long entry signal. You might enter, place your stop loss just below VAL, and target VAH or the next resistance level. Short Trade: You see a red triangle (bearish divergence). The price is at the VAH (orange line). The price is also below the blue SMA line (downtrend). This suggests a potential short entry. You might enter, place your stop loss just above VAH, and target VAL or the next support level.
Pine Script® göstergesi
Makadave tarafından
IU Pivot Zones + GMADESCRIPTION: IU Pivot Zones + GMA is a smart price-action-based indicator that detects meaningful support and resistance zones formed through pivot highs/lows while combining them with dynamic zone generation and Geometric Moving Averages (GMA). This tool is built to help traders visualize institutional breakout/rejection zones with clear, logical mapping and live box management — helping you stay ahead of the move. The indicator is designed for intraday, swing, and positional traders who want to enhance their trading decisions with visual confluence zones and market structure logic. USER INPUTS * Pivot point Lengths: Number of bars used to detect pivot highs/lows * Zone length: Controls the thickness of the support/resistance zone; higher values create wider zones * GMA Length: Period for calculating the geometric moving averages based on highs and lows * Allow Bar/candle Color: Enables or disables special candle coloring when price interacts with the zones LOGIC OF THE INDICATOR: * Detects pivot highs and pivot lows using the user-defined length * Compares consecutive pivot levels to determine if they fall within a valid ATR-based price band to form a zone * If confirmed, the indicator dynamically plots a resistance or support box between those pivot points, colored respectively (red for resistance, green for support) * The boxes update in real-time based on price action. If price respects the zone, the box extends forward. If price breaks the zone, the box disappears * Geometric Moving Averages (GMA) based on logarithmic mean of highs and lows are plotted to offer a trend bias * Candles that touch the top of the support zone are colored yellow, and those touching the bottom of the resistance zone are orange, enhancing zone reaction visibility WHY IT IS UNIQUE: * Uses logarithmic-based GMAs, which are smoother and less reactive than traditional moving averages * ATR-based zone logic makes it adaptive to volatility instead of using fixed-width zones * Combines structural levels (pivots), volatility filters (ATR), and trend overlays (GMA) in one unified tool * Real-time zone extension and disappearance logic based on price interaction HOW USER CAN BENEFIT FROM IT: * Spot high-probability breakout or reversal zones that price respects consistently * Use the GMA cloud for trend confirmation — for example, bullish bias when price is above both GMAs * Build price action strategies around zone touches, breakouts, or rejections * Use color-coded candles as real-time alerts for potential entry/exit signals near S/R levels * Save time by avoiding manual marking of zones on charts across timeframes DISCLAIMER: This indicator is created for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any asset. All trading involves risk, and users should conduct their own analysis or consult with a qualified financial advisor before making any trading decisions. The creator is not responsible for any losses incurred through the use of this tool. Use at your own discretion.
Pine Script® göstergesi
Shivam_Mandrai tarafından
7
RSI-Adaptive T3 [ChartPrime]The RSI-Adaptive T3 is a precision trend-following tool built around the legendary T3 smoothing algorithm developed by Tim Tillson , designed to enhance responsiveness while reducing lag compared to traditional moving averages. Current implementation takes it a step further by dynamically adapting the smoothing length based on real-time RSI conditions — allowing the T3 to “breathe” with market volatility. This dynamic length makes the curve faster in trending moves and smoother during consolidations. To help traders visualize volatility and directional momentum, adaptive volatility bands are plotted around the T3 line, with visual crossover markers and a dynamic info panel on the chart. It’s ideal for identifying trend shifts, spotting momentum surges, and adapting strategy execution to the pace of the market. HOIW IT WORKS At its core, this indicator fuses two ideas: The T3 Moving Average — a 6-stage recursively smoothed exponential average created by Tim Tillson , designed to reduce lag without sacrificing smoothness. It uses a volume factor to control curvature. A Dynamic Length Engine — powered by the RSI. When RSI is low (market oversold), the T3 becomes shorter and more reactive. When RSI is high (overbought), the T3 becomes longer and smoother. This creates a feedback loop between price momentum and trend sensitivity. // Step 1: Adaptive length via RSI rsi = ta.rsi(src, rsiLen) rsi_scale = 1 - rsi / 100 len = math.round(minLen + (maxLen - minLen) * rsi_scale) pine_ema(src, length) => alpha = 2 / (length + 1) sum = 0.0 sum := na(sum ) ? src : alpha * src + (1 - alpha) * nz(sum ) sum // Step 2: T3 with adaptive length e1 = pine_ema(src, len) e2 = pine_ema(e1, len) e3 = pine_ema(e2, len) e4 = pine_ema(e3, len) e5 = pine_ema(e4, len) e6 = pine_ema(e5, len) c1 = -v * v * v c2 = 3 * v * v + 3 * v * v * v c3 = -6 * v * v - 3 * v - 3 * v * v * v c4 = 1 + 3 * v + v * v * v + 3 * v * v t3 = c1 * e6 + c2 * e5 + c3 * e4 + c4 * e3 The result: an evolving trend line that adapts to market tempo in real-time. KEY FEATURES ⯁ RSI-Based Adaptive Smoothing The length of the T3 calculation dynamically adjusts between a Min Length and Max Length , based on the current RSI. When RSI is low → the T3 shortens, tracking reversals faster. When RSI is high → the T3 stretches, filtering out noise during euphoria phases. Displayed length is shown in a floating table, colored on a gradient between min/max values. ⯁ T3 Calculation (Tim Tillson Method) The script uses a 6-stage EMA cascade with a customizable Volume Factor (v) , as designed by Tillson (1998) . Formula: T3 = c1 * e6 + c2 * e5 + c3 * e4 + c4 * e3 This technique gives smoother yet faster curves than EMAs or DEMA/Triple EMA. ⯁ Visual Trend Direction & Transitions The T3 line changes color dynamically: Color Up (default: blue) → bullish curvature Color Down (default: orange) → bearish curvature Plot fill between T3 and delayed T3 creates a gradient ribbon to show momentum expansion/contraction. Directional shift markers (“🞛”) are plotted when T3 crosses its own delayed value — helping traders spot trend flips or pullback entries. ⯁ Adaptive Volatility Bands Optional upper/lower bands are plotted around the T3 line using a user-defined volatility window (default: 100). Bands widen when volatility rises, and contract during compression — similar to Bollinger logic but centered on the adaptive T3. Shaded band zones help frame breakout setups or mean-reversion zones. ⯁ Dynamic Info Table A live stats panel shows: Current adaptive length Maximum smoothing (▲ MaxLen) Minimum smoothing (▼ MinLen) All values update in real time and are color-coded to match trend direction. HOW TO USE Use T3 crossovers to detect trend transitions, especially during periods of volatility compression. Watch for volatility contraction in the bands — breakouts from narrow band periods often precede trend bursts. The adaptive smoothing length can also be used to assess current market tempo — tighter = faster; wider = slower. CONCLUSION RSI-Adaptive T3 modernizes one of the most elegant smoothing algorithms in technical analysis with intelligent RSI responsiveness and built-in volatility bands. It gives traders a cleaner read on trend health, directional shifts, and expansion dynamics — all in a visually efficient package. Perfect for scalpers, swing traders, and algorithmic modelers alike, it delivers advanced logic in a plug-and-play format.
Pine Script® göstergesi
ChartPrime tarafından
7
[Kpt-Ahab] Poor Mans Orderflow SimulatorScript Description – Poor Mans Orderflow Simulator Purpose of the Script This script simulates a simplified order flow approach ("Poor Man's Orderflow") without access to actual Bid/Ask data. The goal is to detect, quantify, and visualize patterns such as absorption, impulsive moves, and structured re-entry behaviors. Calculation Logic Absorption Candles A candle is classified as "absorption" if: The ratio of body size to full candle range is below a defined threshold, Volume is significantly higher than the average of the last N periods, The candle direction is negative (for long absorption) or positive (for short absorption). These conditions define a candle with high activity but minimal price movement in the respective direction. Impulse Candles A candle is classified as "impulse" if: The body-to-range ratio is high (indicating a strong directional move), Volume exceeds the average significantly, The price closes in the direction of the candle body (bullish or bearish). Additionally, the average range of previous candles serves as a minimum benchmark for the impulse. Cluster Detection A cluster is detected when: A minimum number of absorption candles is counted within a defined lookback period, Either the long or short version of the absorption logic is used, The result is a binary condition: cluster active or inactive. Entry Signals (Re-entry) An entry signal is generated when: One or more absorption candles occurred in the last two bars, A pullback against the direction of absorption occurs, The current candle shows a directional move confirmed by a close in the expected direction. These re-entry signals are evaluated separately for long and short scenarios. Cluster-Confirmed Signals A separate signal is generated when a valid re-entry setup occurs while a cluster is active. This represents a combined logic condition. Alert Logic The script provides a multi-layer alert framework: Signal selection (Alertmode): The user defines which signal type should trigger an alert (e.g. re-entry only, cluster only, combination, or impulse). Optional filter (Filtermode): A secondary filter limits alerts to cases where an additional condition (e.g. absorption cluster) is active. Signal output: As a simple binary value (+1 / –1) for classic alerts, Or via an encoded Multibit signal, compatible with other modules in the djmad ecosystem. These alerts are intended for integration with external systems or for use within platform-native visual or automation features.
Pine Script® göstergesi
Kpt-Ahab tarafından
Sessions [Plug&Play]This indicator automatically highlights the three major FX trading sessions—Asia, London, and New York—on your chart and, at the close of each session, draws right-extended horizontal rays at that session’s high and low. It’s designed to help you visually identify when price is trading within each session’s range and to quickly see where the highest and lowest prices occurred before the next major session begins. Key Features: Session Boxes Draws a semi-transparent box around each session’s timeframe (Asia, London, New York) based on your local UTC offset. Each box dynamically expands in real time: as new candles form during the session, the box’s top and bottom edges update to match the highest high and lowest low seen so far in that session. When the session ends, the box remains on your chart, anchored to the exact candles that formed its boundaries. High/Low Rays As soon as a session closes (e.g., London session ends at 17:00 UTC+0 by default), two horizontal rays are drawn at that session’s final high and low. These rays are “pinned” to the exact candles where the high/low occurred, so they stay in place when you scroll or zoom. Each ray extends indefinitely to the right, providing a clear reference of the key supply/demand levels created during that session. Session Labels Optionally places a small “London,” “New York,” or “Asia” label at the top edge of each completed session’s box. Labels are horizontally centered within the session’s box and use a contrasting, easy-to-read font color. Customizable Appearance Show/Hide Each Session: Toggle display of London, New York, and Asia sessions separately. Time Ranges: By default, London is 08:00–17:00 (UTC), New York is 13:00–22:00 (UTC), and Asia is 00:00–07:00 (UTC). You can override each session’s start/end times using the “Time Range” picker. Color & Opacity: Assign custom colors to each session. Choose a global “Dark,” “Medium,” or “Light” opacity preset to adjust box fill transparency and border shading. Show/Hide Labels & Outlines: Turn the text labels and the box borders on or off independently. UTC Offset Support If your local broker feed or price data is not in UTC, simply adjust the “UTC Offset (+/–)” input. The indicator will recalculate session start/end times relative to your chosen offset. How to Use: Add the Indicator: Open TradingView’s Pine Editor, paste in this script, and click “Add to Chart.” By default, you’ll see three translucent boxes appear once each session begins (Asia, London, New York). Watch in Real Time: As soon as a session starts, its box will appear anchored to the first candle. The top and bottom of the box expand if new extremes occur. When the session closes, the final box remains visible and two horizontal rays mark that session’s high and low. Analyze Key Levels: Use the high- and low-level rays to gauge session liquidity zones—areas where stop orders, breakouts, or reversals often occur. For example, if London’s high is significantly above current price, it may act as resistance in the New York session. Customize to Your Needs: Toggle specific sessions on/off (e.g., if you only care about London and New York). Change each session’s color to match your chart theme. Adjust the “UTC Offset” so sessions align with your local time. Disable labels or box borders if you prefer a cleaner look. Inputs Overview: Show London/New York/Asia Session (bool): Show or hide each session’s box and its high/low rays. Time Range (session): Defines the start/end of each session in “HHMM–HHMM” (24h) format. Colour (color): Custom color for each session’s box fill, border, and high/low rays. Show Session Labels (bool): Toggle the “London,” “New York,” “Asia” text that appears at the top of each completed box. Show Range Outline (bool): Toggle the box border (if off, only a translucent fill is drawn). Opacity Preset (Dark/Medium/Light): Controls transparency of box fill and border. UTC Offset (+/–) (int): Adjusts session times for different time zones (e.g., +1 for UTC+1). Why It’s Useful: Quickly Identify Session Activity: Visually distinguish when each major trading session is active, then compare price action across sessions. Pinpoint High/Low Liquidity Levels: Drawn rays highlight where the market hit its extremes—critical zones for stop orders or breakout entries. Multi-Timeframe Context: By seeing historical session boxes and rays, you can locate recurring supply/demand areas, overlap zones, or session re-tests. Fully Automated Workflow: Once added to your chart, the script does all the work of tracking session boundaries and drawing high/low lines—no manual box or line drawing necessary. Example Use Cases: London Breakout Traders: See where London’s high/low formed, then wait for price to revisit those levels during the New York session. Range Breakout Strategies: If price consolidates inside the London box, use the boxed extremes as immediate targets for breakout entries. Intraday Liquidity Swings: During quieter hours, watch Asia’s high/low to identify potential support/resistance before London’s opening. Overlap Zones: Compare London’s range with Asia’s range to find areas of confluence—high-probability reversal or continuation zones.
Pine Script® göstergesi
TBWS_Algo tarafından
Buying/Selling ProxyTiltFolio Buying/Selling Proxy This simple but effective indicator visualizes short-term buying or selling pressure using log returns over a rolling window. How It Works: Calculates the average of logarithmic returns over the past N bars (default: 20). Positive values suggest sustained buying pressure; negative values indicate selling pressure. Plotted as a color-coded histogram: ✅ Green = net buying ❌ Red = net selling Why Use It: This proxy helps traders gauge directional bias and momentum beneath the surface of price action — especially useful for confirming breakout strength, timing entries, or filtering signals. - Inspired by academic return normalization, but optimized for practical use. - Use alongside TiltFolio's Breakout Trend indicator for added context.
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TiltFolio tarafından
Breakout TrendTiltFolio Breakout Trend Indicator The Breakout Trend Indicator by TiltFolio helps traders identify powerful price movements by combining Donchian Channel breakouts with short- and long-term trend filters. Key Features: Donchian Channel Breakouts: Highlights bullish and bearish momentum as price breaks above recent highs or below recent lows. Trend Context: Includes customizable short- and long-term moving averages (SMA or EMA) to help filter trades in the direction of the broader trend. Breakout Memory: Remembers breakout states to avoid noise and maintain trend consistency. Bar Counter Display: Shows how many bars have passed since the most recent breakout, helping users assess trend strength and maturity. ATR Display: Built-in ATR (Average True Range) value offers a quick gauge of market volatility. Clean Visuals: Color-coded candles and optional channel lines keep the chart intuitive and uncluttered. This indicator is ideal for trend-following traders looking to stay on the right side of momentum while avoiding common whipsaws. Works best on higher timeframes (e.g. 4H, Daily, Weekly). Free and open — feel free to customize for your strategy. Follow TiltFolio for model portfolios and signals built on systematic methods.
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TiltFolio tarafından
Candle Setup 🧠 This indicator is based on a strategy concept by Arshia from the LEEMEENAL group. The SMA Shadow Strategy is a visual candlestick-based setup designed to identify potential reversal points by analyzing the relationship between the candle's shadows (wicks) and a Simple Moving Average (SMA). 📊 How It Works This strategy focuses on candles with significant upper or lower shadows relative to their body size, suggesting potential rejection zones. The conditions are split between red (bearish) and green (bullish) candles: 🔴 Red Candle Setup: The SMA line is inside or slightly above the upper shadow. The upper shadow is significantly larger than the body (customizable ratio). The lower shadow is smaller than the body. These conditions hint at strong rejection from above, often signaling a potential short opportunity or resistance confirmation. 🟢 Green Candle Setup: The SMA line is inside or slightly below the lower shadow. The lower shadow is significantly larger than the body (customizable ratio). The upper shadow is smaller than the body. This setup suggests a price rejection from below, indicating a potential long opportunity or support confirmation. ⚙️ Customizable Conditions Users can enable or disable each of the setup rules independently for both red and green candles: Enable SMA shadow alignment. Adjust the shadow-to-body ratio separately for red and green candles. Toggle shadow logic (e.g., lower/upper shadows relative to body). 🛎 Alerts Alerts are included for both red and green signal conditions, making it easier to integrate into automated workflows or notification systems. If you found this indicator helpful, feel free to share or give credit to Arshia - LEEMEENAL Group. 🙏
Pine Script® göstergesi
YasinAbbasiiii tarafından