Breakdown or Buyable Dip? Pullback Depth Can HelpAs a common adage says, “the market doesn’t move in a straight line.” But when prices have fallen, it’s not always clear whether buying makes sense. That’s where today’s script may help.
Most traditional indicators judge movement based on price. That’s obviously important, but time can also be helpful. After all, there’s a big difference between probing a low from 2-3 weeks ago versus a low from months or even years in the past.
Pullback Depth clearly illustrates this by answering the question: “Today’s low is the lowest in how many bars?”
The resulting integer is plotted in a simple histogram. Values are always negative because bars with higher absolute values (meaning more negative, or further below zero) are potentially more bearish.
The study also has a maximum lookback period to avoid overwhelming the study with too many bars. Its default setting of 125 bars includes enough history to illustrate the trend.
The stock market’s recent run has seen only shallow pullbacks. Most dips have probed 1-2 weeks in the past, while Friday’s selloff only turned back the clock a month.
Consider two other previous moments.
First, the great bull run of 1995 saw only shallow pullbacks. (None exceeded 50 days.):
In contrast, early 2022 saw the S&P 500 test levels more than 100 candles into the past. It soon fell into an official “bear market:”
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Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
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Composite Stochastic Oscillator (CSO) [SharpStrat]Composite Stochastic Oscillator (CSO)
The Composite Stochastic Oscillator (CSO) is a refined momentum tool designed to improve on the limitations of the traditional stochastic indicator. Standard stochastics are often too sensitive, producing choppy signals and frequent false turns. CSO tackles this problem by combining multiple stochastic calculations, each with different lengths and smoothing settings, into a single, balanced output.
The goal of combining these stochastic variants is to create a more stable and reliable reading of market momentum. Each version of the stochastic captures different aspects of price behavior like shorter ones react faster, while longer ones filter noise. CSO brings them together mathematically to form a composite oscillator that reacts smoothly and consistently across varying market conditions. This makes it a useful improvement over the standard stochastic, providing traders with a more dependable signal while retaining the familiar interpretation framework.
How It Works
Calculates five independent stochastic oscillators with customizable K, D, and slowing parameters.
Each stochastic contributes to the final composite value according to its assigned weight, allowing the user to emphasize faster or slower reactions.
The resulting composite K is then smoothed into a D line using a chosen moving average method (SMA, EMA, WMA, or RMA).
The oscillator is plotted along with optional overbought/oversold levels and a color fill to enhance visual interpretation.
A compact on-chart table displays the current K and D readings for quick reference.
Comparison with normal Stochastic
Compared to a standard stochastic, the CSO generally produces smoother lines and fewer false flips. As evident in the comparison chart, this improves upon the normal stochastic by reducing noise and making signals more reliable, although results depend on parameter settings too.
How To Use It
Use the CSO exactly like a normal stochastic: look for crossovers, overbought/oversold zones, and divergences.
In practice, CSO should provides smoother and more consistent signals than the regular stochastic, especially in sideways or volatile markets.
When plotted beside a standard stochastic, you’ll notice CSO avoids many of the false reversals that clutter traditional readings.
Customization Options
Choice of smoothing method (SMA, EMA, WMA, RMA).
Full control over each stochastic component’s parameters and weights.
Adjustable overbought/oversold levels and display preferences.
Option to enable or disable the on-chart table and zone fills.
Note
This indicator is shared purely for educational and research purposes. It is not financial advice and should not be treated as a ready-made trading system.
I encourage you to experiment with different parameter values (periods, weights, smoothing) to explore how the behavior changes and to learn from the results.
SGM Gold Day Trading EMAsWhat it does
This tool plots four Exponential Moving Averages (EMAs) with practical default periods for gold intraday analysis: 9 (Momentum), 21 (Pullback), 50 (Trend Filter), and 200 (Macro). The goal is to provide a clear, multi-horizon structure so traders can quickly assess momentum, pullbacks, intermediate trend, and long-term bias on the same chart.
How it works (method)
Each line is a standard EMA computed on the close price.
The defaults map to common roles:
EMA 9 – Momentum: immediate changes in short-term flow.
EMA 21 – Pullback: typical retracement area within ongoing trends.
EMA 50 – Trend Filter: medium-term confirmation of direction.
EMA 200 – Macro: long-term bias and market context.
Optional dynamic color for EMA9/EMA21 highlights whether EMA9 ≥ EMA21 (green) or not (red). This is a visual aid only; it does not generate signals.
Originality & usefulness
The script focuses on clarity and control rather than automation. It combines a neutral, high-contrast palette with independent line thickness per EMA and an optional visual crossover mode. The configuration encourages disciplined analysis across time horizons without embedding opaque entry/exit logic.
Inputs & customization:
Periods: 9, 21, 50, 200 (all adjustable).
Colors: fully customizable for each EMA; optional crossover color mode for 9/21.
Line thickness: set individually per EMA to emphasize your primary reference.
How to use:
Add the script on any timeframe/asset (gold defaults are provided but not required).
Use EMA 200 for long-term bias; trade with caution against it.
Use EMA 50 to filter intermediate trend; prefer setups aligned with it.
Watch EMA 21 as a pullback reference within trends.
Use EMA 9 to gauge momentum around pullbacks/breakouts.
(Optional) Enable the crossover color to quickly see when momentum (9) is above/below pullback (21).
Notes & limitations:
This script does not produce buy/sell signals or alerts.
It is intended as a visual framework to support analysis and risk management.
Always validate with your own rules, risk controls, and market conditions.
Billionaire Gold ClubBillionaire Gold Club — Long-Term Gold Trend Follower
Overview
The Billionaire Gold Club indicator is designed for traders who follow the long-term bullish bias of Gold (XAU/USD).
It focuses only on BUY opportunities and encourages patience during market pullbacks.
The goal is to trade with the main trend, not against it.
Instructions
1. The script automatically plots 7MA (fast) and 200MA (slow).
2. When 7MA crosses above 200MA, a BUY signal appears.
3. When 7MA crosses below 200MA, a Standby signal appears — do not sell, just wait for the next BUY.
Usage Rules
• Recommended timeframe: 15-minute or higher.
• If used below 15 minutes, treat it as day trading — close trades within the same day.
• Focus on long-term holding and small lot sizes to protect your capital.
Signal Guide
🟢 BUY → Enter the trend direction.
🟠 Standby → Pause new entries and wait patiently.
Alerts
Set alerts to "Once per bar close":
• BUY Signal → Golden Cross confirmed.
• Standby Signal → Death Cross confirmed.
Philosophy
"Obey the rules, and your probability of success increases."
This system rewards patience, discipline, and long-term trend following.
Follow me for more TradingView scripts and updates.
Billionaire Gold Clubは、ゴールド（XAU/USD）の長期上昇トレンドに沿って取引するためのインジケーターです。
基本的にBUYのみを狙い、デッドクロス時はStandby（待機）状態として次のBUYを待ちます。
推奨時間軸：15分足以上。
15分未満で使用する場合はデイトレードとして同日中にクローズすることを推奨します。
ロットを小さく保ち、長期保有で安定した運用を目指してください。
Tweezer & Kangaroo Zones [WavesUnchained]Tweezer & Kangaroo Zones
Pattern Recognition with Supply/Demand Zones
Indicator that detects tweezer and kangaroo tail (pin bar) reversal patterns and creates supply and demand zones. Includes volume validation, trend context, and confluence scoring.
What You See on Your Chart
Pattern Labels:
"T" (Red) - Tweezer Top detected above price → Bearish reversal signal
"T" (Green) - Tweezer Bottom detected below price → Bullish reversal signal
"K" (Red) - Kangaroo Bear (Pin Bar rejection from top) → Bearish signal
"K" (Green) - Kangaroo Bull (Pin Bar rejection from bottom) → Bullish signal
Label Colors Indicate Pattern Strength:
Dark Green/Red - Strong pattern (score ≥8.0)
Medium Green/Red - Good pattern (score ≥6.0)
Light Green/Red - Valid pattern (score <6.0)
Zone Boxes:
Red Boxes - Supply Zones (resistance, potential short areas)
Green Boxes - Demand Zones (support, potential long areas)
White Border - Active zone (fresh, not tested yet)
Gray Border - Inactive zone (expired or invalidated)
Pattern Detection
Tweezer Patterns (Classic Double-Top/Bottom):
Flexible Lookback - Detects patterns up to 3 bars apart (not just consecutive)
Precision Matching - 0.2% level tolerance for high-quality signals
Wick Similarity Check - Both candles must show similar rejection wicks
Volume Validation - Second candle requires elevated volume (0.8x average)
Pattern Strength Score - 0-1 quality rating based on level match + wick similarity
Optional Trend Context - Can require trend alignment (default: OFF for more signals)
Kangaroo Tail / Pin Bar Patterns:
No Pivot Delay - Instant detection without waiting for pivot confirmation
Body Position Check - Body must be at candle extremes (30% tolerance)
Volume Spike - Rejection must occur with volume (0.9x average)
Rejection Strength - Scores based on wick length (0.5-0.9 of range)
Optional Trend Context - Bearish in uptrends, Bullish in downtrends (default: OFF)
Zone Management
Auto-Created Zones - Every valid pattern creates a supply/demand zone
Overlap Prevention - Zones too close together (50% overlap) are not duplicated
Lifetime Control - Zones expire after 400 bars (configurable)
Smart Invalidation - Zones invalidate when price closes through them
Styling Options - Choose between Solid, Dashed, or Dotted borders
Border Width - 2px width for better visibility
Confluence Scoring System
Multi-factor confluence scoring (0-10 scale) with configurable weights:
Regime (EMA+HTF) - Trend alignment across timeframes (Weight: 2.0)
HTF Stack - Multi-timeframe trend confluence (Weight: 3.0)
Structure - Higher lows / Lower highs confirmation (Weight: 1.0)
Relative Volume - Volume surge validation (Weight: 1.0)
Chop Advantage - Favorable market conditions (Weight: 1.0)
Zone Thinness - Tight zones = better R/R (Weight: 1.0)
Supertrend - Trend indicator alignment (Weight: 1.0)
MOST - Moving Stop alignment (Weight: 1.0)
Pattern Strength - Quality of detected pattern (Weight: 1.5)
Zone Retest Signals
Signals generated when zones are retested:
BUY Signal - Price retests demand zone from above (score ≥4.5)
SELL Signal - Price retests supply zone from below (score ≥5.5)
Normalized Score - Displayed as 0-10 for easy interpretation
Optional Trend Gate - Require trend alignment for signals (default: OFF)
Alert Ready - Built-in alertconditions for automation
Additional Features
Auto-Threshold Tuning - Adapts to ATR and Choppiness automatically
Session Profiles - Different settings for RTH vs ETH sessions
Organized Settings - 15+ input groups for easy configuration
Optional Panels - HTF Stack overview and performance metrics (default: OFF)
Data Exports - Hidden plots for strategy/library integration
RTA Health Monitoring - Built-in performance tracking
Setup & Configuration
Quick Start:
1. Apply indicator to any timeframe
2. Patterns and zones appear automatically
3. Adjust pattern detection sensitivity if needed
4. Configure zone styling (Solid/Dashed/Dotted)
5. Set up alerts for zone retests
Key Settings to Adjust:
Pattern Detection:
• Min RelVolume: Lower = more signals (0.8 Tweezer, 0.9 Kangaroo)
• Require trend context: Enable for stricter, higher-quality patterns
• Check wick similarity: Ensures proper rejection structure
Zone Management:
• Zone lifetime: How long zones remain active (default: 400 bars)
• Invalidate on close-through: Remove zones when price breaks through
• Max overlap: Prevent duplicate zones (default: 50%)
Scoring:
• Min Score BUY/SELL: Higher = fewer but better signals (default: 4.5/5.5)
• Component weights: Customize what factors matter most
• Signals require trend gate: OFF = more signals, ON = higher quality
Visual Customization
Zone Colors - Light red/green with 85% transparency (non-intrusive)
Border Styles - Solid, Dashed, or Dotted
Label Intensity - Darker greens for better readability
Clean Charts - All panels OFF by default
Understanding the Zones
Supply Zones (Red):
Created from bearish patterns (Tweezer Tops, Kangaroo Bears). Price made a high attempt to push higher, but was rejected. These become resistance areas where sellers may step in again.
Demand Zones (Green):
Created from bullish patterns (Tweezer Bottoms, Kangaroo Bulls). Price made a low with strong rejection. These become support areas where buyers may step in again.
Zone Quality Indicators:
• White border = Fresh zone, not tested yet
• Gray border = Zone expired or invalidated
• Thin zones (tight range) = Better risk/reward ratio
• Thick zones = Less precise, wider stop required
Trading Applications
Reversal Trading - Enter at pattern detection with tight stops
Zone Retest Trading - Wait for retests of established zones
Trend Confluence - Trade only when patterns align with trend
Risk Management - Use zone boundaries for stop placement
Target Setting - Opposite zones become profit targets
Pro Tips
Best signals occur when pattern + zone retest + trend all align
Lower timeframes = more signals but more noise
Higher timeframes = fewer but more reliable signals
Start with default settings, adjust based on your market
Combine with other analysis (structure, key levels, etc.)
Use alerts to avoid staring at charts all day
Important Notes
Not all patterns will lead to successful trades
Use proper risk management and position sizing
Patterns work best in trending or range-bound markets
Very choppy conditions may produce lower-quality signals
Always confirm with your own analysis before trading
Technical Specifications
• Pine Script v6
• RTA-Core integration
• RTA Core Library integration
• Maximum 200 boxes, 500 labels
• Auto-tuning based on ATR and Choppiness
• Session-aware threshold adjustments
• Memory-optimized zone management
What's Included
Tweezer Top/Bottom detection
Kangaroo Tail / Pin Bar detection
Automatic supply/demand zone creation
Volume validation system
Pattern strength scoring
Zone retest signals
Multi-factor confluence scoring
Optional HTF Stack panel
Optional performance metrics
Session profile support
Auto-threshold tuning
Alert conditions
Data exports for strategies
Author Waves Unchained
Version 1.0
Status Public Indicator
Summary
Reversal pattern detection with zone management, volume validation, and confluence scoring for tweezer and kangaroo tail patterns.
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Disclaimer: This indicator is for educational and informational purposes only. Trading involves risk. Past performance does not guarantee future results. Always practice proper risk management.
CB Charts - GEX NQ/MNQ
Last Updated: 2025-10-14 12:59:34 PST
*DISCLAIMER: Only intended for NQZ2025/MNQZ2025 charts.
This indicator plots horizontal levels based on batched GEX levels for NQZ2025/MNQZ2025. The batched data is derived from contracts expiring: 0DTE, 1DTE, EoW, EoM, Next Week, Next Month and 3-months out. Labels are available for a high-level view of which levels are which. Hovering (or long-pressing on mobile TV) over the labels will display the nominal values and Rank. This script is manually updated and may not be always updated.
When and what to use:
- Most respected levels come from 1DTE, EoW and EoM.
- 0DTE is included for when this script becomes intraday updated. (CURRENTLY NOT UPDATED INTRADAY)
- Next Week setting is best used only for Friday and Sunday trading
- Next Month setting is best for weeks close to the end of the current month
Powered by the Camels of Wallstreet
Order Flow RSI - Price / CVD / OIOrder Flow RSI blends three powerful market perspectives — Price , Cumulative Volume Delta (CVD) , and Open Interest (OI) — into one unified RSI-style oscillator.
It reveals momentum and imbalance across these data streams and highlights situations where participation, liquidity, and positioning disagree — moments that often precede reversals.
What it does
The indicator converts:
Price → RSI (classic momentum),
CVD → RSI (buy/sell pressure balance),
OI → RSI (position expansion/contraction)
…then plots all three RSIs together on the same 0–100 scale.
A fourth Consensus RSI (average of any two or all three) can optionally be shown to simplify the view.
Core logic
CVD engine – based on TradingView’s native volume-delta request.
Modes: Continuous (default, smooth line), Anchored (resets each session), Rolling window.
Open Interest – pulled automatically from the symbol’s “_OI” feed; aligns to chart timeframe for real-time flow.
RSI calculation – standard RSI applied to each data stream, optionally smoothed (SMA / EMA / RMA / WMA / VWMA).
Signals – optional background highlights when:
All three RSIs are overbought (red) or oversold (green), or
Any pair show opposite extremes (e.g., price overbought + OI oversold).
Consensus RSI – arithmetic mean of the selected RSIs, summarizing overall market tone.
Inputs overview
CVD settings: anchor period, lower-TF delta, mode, rolling length
RSI lengths: separate for price, CVD, OI
Smoothing: type + period applied to all RSIs at once
Consensus: choose which RSIs to average
Signals: enable/disable each combination; optional alerts
Levels: adjustable OB/MID/OS (default 70 / 50 / 30)
Visuals: fill between active RSIs, background highlights, level lines, colors in Style tab
How to read it
All 3 overbought (red): broad exhaustion → possible correction
All 3 oversold (green): broad depletion → possible bounce
Opposite pairs: divergence between price and participation
Price↑ but OI↓ (red) → weak rally, fading participation
Price↓ but CVD↑ (green) → hidden accumulation
Combine with structure and volume profile for confirmation.
Notes
Works best on assets with full CVD + OI data (futures, BTC, etc.).
Use Continuous CVD for smooth RSI, Anchored for session analysis.
Smoothing 2–5 EMA is a good starting point to reduce noise.
All styling (colors, line types, thickness) is adjustable in the Style tab.
Limitations & caveats
CVD requires accurate tick/volume/delta data from your data feed. Performance may differ across instruments.
OI availability varies by exchange / symbol. Where OI is absent, pairwise OI signals are not evaluated.
This indicator is a tool — it generates signals of interest, not guaranteed profitable trades. Backtest and combine with your risk rules.
Smoothing introduces lag; longer smoothing reduces noise but delays signals.
Order Flow RSI bridges traditional momentum analysis and order-flow context — giving a multi-dimensional view of when markets are truly stretched or quietly reloading.
Sometimes it works, sometimes it doesn't.
Session High/LowWhat it does:
Plots the High and Low of three sessions—Asia (19:00–02:00), London (02:00–08:00), New York (09:30–16:00)—all in UTC-4. After a session closes, it draws a horizontal line starting at the bar where the level first formed, extends it live to the current bar, and shows a label at the line’s end. If price sweeps the level (by wick or close, configurable), the line stops at that bar.
Settings: show/hide sessions, sweep on close toggle, how many past sessions to keep, line style/width, colors per session, and custom label text.
Works on any timeframe. Note: session times are fixed to UTC-4 (adjust if your market uses DST).
Free Stock ScreenerMissing great trade opportunities is annoying, and unless you have 12 screens or only trade one market, you are missing a lot of trades. To fix that, we created this free stock screener so you get notified instantly of potential great trading conditions in real time, right on your chart.
You get notified of trading benchmarks being met by the value being displayed on the scanner as well as a color change so that it grabs your attention and makes you aware that you should take a look at the other market and look for a potential trade. It also has built in alerts so you can have an alert notification go off when any of your trading conditions are met instead of needing to watch the scanner for color changes.
The screener will change the ticker symbol background color to red green when price is above or below the previous daily range and above or below both VWAPs. This signals that the ticker is trending, which typically means it is a great time to trade that market and follow the trend.
This free stock screener allows you to scan up to 10 different markets at the same time for various different conditions so you always know what is going on with your favorite trading symbols. If you want to scan more tickers, just add the indicator to your chart again and change the table position to the other side of the screen and update the tickers on the 2nd screener, allowing you to have 20 tickers at a time.
The scanner can be fully customized by changing the markets that it screens and turning on or off as many of them as you would like. You can also turn on or off any of the different data sets so that you only get information about trading conditions that matter to you.
The screener can provide data on any type of market, such as stocks, crypto, futures, forex and more. Each ticker can be adjusted to whatever market you would like it to scan for data in the settings panel, the only limitation is that it will not provide data for the VWAP and volume trend score if the ticker you are screening does not provide volume data.
Screener Features
The scanner will provide the following types of data for each ticker that is turned on:
Volume - Provides a volume score compared to the average volume and notifies you of higher than normal volume and volume spikes on individual bars by changing colors.
Volatility - Provides a volatility score compared to the average volatility and notifies you of higher than normal volatility by changing colors.
Oscillator - Choose between the RSI or CCI. The value of that oscillator will be displayed and will notify you when values are in extreme ranges such as overbought or oversold conditions according to the threshold values you enter in the settings panel. When those thresholds have been breached, you will be notified by it changing color.
Big Candles - Compares the current candle to average previous candle sizes, and changes color to notify you of big candles including a big top wick, big bottom wick, big candle body and big candle high to low range.
Daily Level Touches & Trends - Calculates and displays various daily candle and intraday open price levels that act as support and resistance. Notifies you when price is touching any of the daily levels that are turned on. The levels you can have on are as follows: previous day high, previous day low or previous day open. It also will notify you when price is touching the current day’s open, NY 930am open, Asia 8pm open, London 2am open and NY midnight 12am open. It will also say “Above” if price is above the previous day’s high or it will say “Below” if price is below the previous day’s low. The color of the cell will also change when a level touch is happening or price is above the previous day high or below the previous day low.
VWAP - Choose from 2 different VWAP lengths, default settings are daily and weekly VWAPs. You will get notified if price touches either of the VWAPs and they will also say “Above” or “Below” if price is currently above or below each VWAP.
How To Use The Screener To Help You Trade
The main purpose of the screener is to scan other markets and notify you of potential good trading opportunities such as price bouncing off of the daily levels or VWAPs. It can also be used to know when price is trending according to the VWAPs and daily levels. Lastly, you can use it to know how the volume and volatility trends are currently which gives you more confidence in taking a trade with this data when volume and volatility are present.
Volume Score
When volume is high, this represents a good time to trade because there are many market participants and price is likely to be volatile while there is high volume which can present a lot of good trade setups for you to take.
The volume score shown on the screener measures the current volume trend compared to previous volume trends and calculates that into a score based on 100 being the same as the previous volume trend. So any value above 100 means it is high volume and any value less than 100 means it is lower volume than normal.
In the settings panel, you can adjust the volume threshold that needs to be met for a volume notification to show up. The default setting is at 120, so you will get notified when the current volume trend score is 120 or higher or you can adjust that threshold value to whatever value you prefer.
It also will notify you when there is a volume spike on the current bar. This is determined by calculating an average of the recent volume totals and then checking to see if the current bar is greater than or equal to that average multiplied by 3. So if a single bar has volume that is greater than 3 times what the average volume is, then you will get a notification that says “Spike” to make you aware of that volume spike.
The volume trend threshold, volume spike multiplier and lookback length for the average volume used in volume spike calculations can all be adjusted in the settings panel to fit your desired preferences.
Volatility Score
High volatility can mean it is a great time to trade because the market is moving quickly and providing large enough movements that you can get in and out in a short amount of time, while still accruing decent sized trade PnL.
The volatility score will calculate the current volatility for each market compared to previous conditions and then divide the current volatility by the average volatility to give you a volatility score. Anything over 100 means the market is decently volatile and you should look at that market to find potential trade setups to execute on. Anything below 100 means the market is not very volatile and it is usually best to just wait until volatility returns before you start trading again.
The screener will notify you when the volatility score is above the threshold you set. The default value is set to 90, but can be adjusted to your preference. Pay attention to any market that shows an alert and take a look at that chart because the high volatility may present a good trade setup for you in the near future.
Oscillator Score
The oscillator data can be switched between Relative Strength Index(RSI) and Commodity Channel Index(CCI).
The RSI provides a value between 0 and 100 that indicates the momentum and strength of the recent price action. Many traders use the extremes of the 0-100 range to signal overbought or oversold conditions and use that as a sign to look for price to reverse in the near future. The typical values used for this and the default settings to provide notifications are: 70 for overbought and 30 for oversold. The scanner will notify you when the RSI value is considered overbought or oversold so you know to take a look at the chart and analyze if it is ready for a trade to be taken.
The CCI provides a value that can be used to determine the trend strength of the underlying asset when the oscillator moves above 100 or below -100. These extreme values are outside of the normal accumulation range and signify that price is moving strongly in that direction so it may be a good time to take a trade in the direction of the trend. The scanner will show you the value of the CCI for each market and notify you if that value is above 100 or below -100.
Both RSI and CCI settings can be adjusted in the settings panel to your desired settings so you have the exact oscillator settings you prefer to use as well as the exact values that you want to use for being notified.
Big Candles
Big candles can mean that many traders are buying or selling at the same time and many times indicate a good signal to trade in that same direction. That is why we included this calculation in the screener, so you are always aware when a large candle prints.
It calculates the average size of the recent candles and then uses that average as the benchmark to determine if the current candle is considered big and worthy of notifying you to take a look at that chart.
You can adjust the multiplier used for the big candle threshold to whatever you desire, but the default setting is 3 which means the candle will be considered big and notify you if it is 3 times as large as an average candle.
The big candles data will track the following candle values and notify you with these labels:
High to Low candle size = HL
Candle Body from open to close candle size = OC
Top Wick size = TW
Bottom Wick size = BW
Daily Level Touches & Trend
Daily level touches are excellent levels to watch for price to bounce because they often act as support and resistance levels for intraday trading. The scanner will track each market and notify you when the current candle is touching any of the daily levels that you have turned on in the settings panel.
The main levels that are turned on by default and are useful for all markets and how they will be labeled on the scanner are as follows:
Previous Day High = High
Previous Day Low = Low
Previous Day Open = < Open
Previous Day Close = Close
Current Day Open = Open
We also included some extra levels that are useful for futures traders. They are as follows:
NY 930am Open = 930am
NY 12am Midnight Open = 12am
Asia Open at 8pm NY time = Asia
London Open at 2am NY Time = London
Watch how price reacts to these levels and then trade the bounces off of these levels if the price action confirms that it is going to respect that level.
When price is currently above the previous day high, the scanner will say “Above” and show a green color, indicating a bullish trend and that price is above the previous daily candle’s high.
When price is currently below the previous day low, the scanner will say “Below” and show a red color, indicating a bearish trend and that price is below the previous daily candle’s low.
Pay attention to when price is trending above or below the previous daily candle as those trends can provide excellent trend trading opportunities.
The daily levels that you have turned on in the settings will also show as lines on the chart and include a label next to them, identifying each level so you know what each line represents. You can turn on or off all of the lines shown on the chart in the main settings or turn them off one by one in the style panel of the settings. Labels can also be turned on or off for all of the lines in the main settings panel. You can adjust the label positioning in the Label Offset section of the settings panel.
VWAP Touches & Trend
VWAP stands for volume weighted average price and is a very popular tool that traders use to determine trend direction based on volume as well as an excellent level to trade price bounces off of.
The typical VWAP time period used is Daily, which means the volume weighted average price will reset at the beginning of a new day. We set the first VWAP to be the daily VWAP by default and the second one to be the weekly VWAP. You can adjust both of the time periods to be any of the provided time lengths that you choose.
The screener will show “Above” with a green background color when price is above the VWAP, indicating a bullish trend. It will show “Below” with a red background color when price is below the VWAP, indicating a bearish trend. When both VWAPs are showing Above or Below, you can expect price to trend in that direction, so look for pullbacks you can trade in the direction of the trend. If the VWAPs are showing different directions, then you should expect to bounce back and forth between the VWAPs, but be careful and watch out for price to break beyond either one and start a trend.
When the current candle is touching the VWAP, the scanner will change colors and say VWAP to notify you that price is touching the VWAP and you should look at that chart and analyze the market for a potential bounce off of the VWAP to trade.
Trending Market Signals
Strong trends are excellent markets to trade and can many times provide excellent trading opportunities that don’t require expert price action reading skills to be able to take winning trades from. That is why we included a signal to notify you of a strong trending market.
The strong trending market will show up as a green or red background color for the ticker name. If the color of the ticker name is green, it is notifying you that the price is above the previous daily high, above VWAP 1 and above VWAP 2 and is a good market to look for bullish trend trades. If the color of the ticker name is red, it is notifying you that the price is below the previous daily low, below VWAP 1 and below VWAP 2 and is a good market to look for bearish trend trades.
Changing The Tickers It Scans
To change the tickers that the indicator scans, scroll near the bottom of the settings panel and select the ticker symbol you want to update and then search for the exact symbol you want to use. If you want to scan less tickers, then just turn some of the tickers off that you don’t need.
Scanning More Than 10 Tickers
If you want to scan more than 10 tickers, you can add the scanner to your chart again and then just change the table position to the other side of the screen. This will allow you to scan 10 more tickers that will show up separately. Then if you want even more, just add the indicator to your chart again and update the table position until you have as many markets as you want. The table position setting can be found at the bottom of the main settings panel.
Alerts
The screener has alerts that can be used to notify you when any of the data set thresholds have been met or if price is touching one of the levels. You can set alerts for the following events:
Bullish Trend Alert - Price is above the previous daily high and above both VWAPs.
Bearish Trend Alert - Price is below the previous daily low and below both VWAPs.
High Volume Alert - Volume is higher than the threshold or a volume spike is detected.
High Volatility Alert - Volatility is higher than the threshold.
Oscillator Is Extended Alert - Oscillator value has exceeded the upper or lower threshold.
Big Candle Alert - A big candle has been detected.
Daily Level Touch Alert - One of the daily levels that is turned on is being touched.
VWAP Touch Alert - One of the 2 VWAPs are being touched.
An alert will trigger when any one of tickers on your scanner meets the alert conditions, so when you see the alert, you will need to go to your chart and look at the scanner to see which ticker it was and then navigate to that chart to look for potential trade setups.
The alerts will use the exact same settings you have configured in the settings panel to send you alert notifications. With normal settings, this could give you a lot of alerts, so if you only want alerts to fire when abnormal conditions are being met, try setting up a second screener on your chart that has very high threshold values and only has the most important level touches on. Then turn the setting "Do Not Show The Screener On The Chart" to off so the calculations will still run and fire alerts, but won't clog up your charts. This way you can only get alert notifications when major events happen but still have your normal screener settings available on your chart.
Markets This Can Be Used On
This screener uses the price action and volume data so you can use it to scan any type of market you would like as long as the ticker you are scanning has price and volume data feeds. If a market does not have volume data, then it will just show NaN in the volume row and the VWAP rows will not show anything.
Candle Body Break (M/W/D/4H/1H)v5# Candle Body Break (M/W/D/4H/1H) Multi-Timeframe Indicator
This indicator identifies and plots **Candle Body Breaks** across five key timeframes: Monthly (M), Weekly (W), Daily (D), 4-Hour (4H), and 1-Hour (1H).
## Core Logic: Candle Body Break
The core concept is a break in the swing high/low defined by the body of the previous counter-trend candle(s). It focuses purely on **closing price breaks** of remembered highs/lows established by full candle bodies (close > open or close < open).
1. **Remembering the Swing:**
* After a bullish break (upward trend), the indicator waits for the first **bearish (close < open) candle** to appear. This bearish candle's high (`rememberedHigh`) and low (`rememberedLow`) are saved as the **breakout level**.
* Subsequent bearish candles that make a new low update this saved level, continuously adjusting the level to the most significant recent resistance/support established by the body's range.
2. **Executing the Break:**
* **Bull Break (Long signal):** Occurs when a **bullish candle's closing price** exceeds the last remembered bearish high (`rememberedHigh`).
* **Bear Break (Short signal):** Occurs when a **bearish candle's closing price** falls below the last remembered bullish low (`rememberedLow_Bull`).
Once a break occurs, the memory is cleared, and the indicator waits for the next counter-trend candle to establish a new level.
## Features
* **Multi-Timeframe Analysis:** Displays break lines and labels for M, W, D, 4H, and 1H timeframes on any chart.
* **Timeframe Filtering:** Break lines are only shown for timeframes **equal to or higher** than the current chart timeframe (e.g., on a 4H chart, only 4H, D, W, and M breaks are displayed).
* **Candidate Lines (Dotted Green):** Plots the current potential breakout level (the remembered high/low) that must be broken to trigger the next signal.
* **Direction Table:** A table in the top right corner summarizes the latest break direction (⇧ Up / ⇩ Down) for all five timeframes. This can be optionally limited to the 4H chart only.
* **1H Alert:** Triggers an alert when a 1-Hour break is detected.
## Input Settings Translation (for Mod Compliance)
| English Input Text | Original Japanese Text |
| :--- | :--- |
| **Show Monthly Break Lines** | 月足ブレイクを描画する |
| **Show Weekly Break Lines** | 週足ブレイクを描画する |
| **Show Daily Break Lines** | 日足ブレイクを描画する |
| **Show 4-Hour Break Lines** | 4時間足ブレイクを描画する |
| **Show 1-Hour Break Lines** | 1時間足ブレイクを描画する |
| **Show Monthly Candidate Lines** | 月足ブレイク候補ラインを描画する |
| **Show Weekly Candidate Lines** | 週足ブレイク候補ラインを描画する |
| **Show Daily Candidate Lines** | 日足ブレイク候補ラインを描画する |
| **Show 4-Hour Candidate Lines** | 4時間足ブレイク候補ラインを描画する |
| **Show 1-Hour Candidate Lines** | 1時間足ブレイク候補ラインを描画する |
| **Show Only Current TF Candidate Lines** | チャート時間足の候補ラインのみ表示 |
| **Show Table Only on 4H Chart** | テーブルを4Hチャートのみ表示 |
*Please note: The default alert message "1-Hour Break Detected" is also in English.*
※日本語訳
ろうそく足実体ブレイク（M/W/D/4H/1H）マルチタイムフレーム・インジケーター（日本語訳）
このインジケーターは、月足（M）、週足（W）、日足（D）、4時間足（4H）、1時間足（1H）の5つの主要な時間足におけるろうそく足実体ブレイクを検出し、プロットします。
コアロジック：ろうそく足実体ブレイク
このロジックの中核は、直近の**逆行ろうそく足（カウンター・トレンド・キャンドル）**の実体によって定義されたスイングの高値/安値のブレイクです。終値が実体のレンジ外で確定することを純粋に追跡します。
スイングの記憶（Remembering the Swing）:
強気のブレイク（上昇トレンド）の後、インジケーターは最初に現れる弱気（終値＜始値）のろうそく足を待ちます。この弱気ろうそく足の高値（rememberedHigh）と安値（rememberedLow）が、ブレイクアウトレベルとして保存されます。
その後、安値を更新する弱気ろうそく足が続いた場合、この保存されたレベルが更新され、実体のレンジによって確立された最新の重要なレジスタンス/サポートにレベルが継続的に調整されます。
ブレイクの実行（Executing the Break）:
ブルブレイク（買いシグナル）: 最後に記憶された弱気ろうそく足の高値（rememberedHigh）を、強気ろうそく足の終値が上回ったときに発生します。
ベアブレイク（売りシグナル）: 最後に記憶された強気ろうそく足の安値（rememberedLow_Bull）を、弱気ろうそく足の終値が下回ったときに発生します。
一度ブレイクが発生すると、記憶されたレベルはクリアされ、インジケーターは次の逆行ろうそく足が出現し、新しいレベルを確立するのを待ちます。
機能
マルチタイムフレーム分析: 現在のチャートの時間足に関わらず、M、W、D、4H、1Hのブレイクラインとラベルを表示します。
時間足フィルタリング: ブレイクラインは、現在のチャート時間足と同じか、それよりも上位の時間足のもののみが表示されます（例：4時間足チャートでは、4H、D、W、Mのブレイクのみが表示されます）。
候補ライン（緑の点線）: 次のシグナルをトリガーするためにブレイクされる必要がある、現在の潜在的なブレイクアウトレベル（記憶された高値/安値）をプロットします。
方向テーブル: 右上隅のテーブルに、5つの全時間足の最新のブレイク方向（⇧ 上昇 / ⇩ 下降）をまとめて表示します。これは、オプションで4時間足チャートのみに表示するように制限できます。
1時間足アラート: 1時間足のブレイクが検出されたときにアラートをトリガーします。
入力設定の翻訳
コード内の入力設定（UIテキスト）の日本語訳は以下の通りです。
英語の入力テキスト 日本語訳
Show Monthly Break Lines 月足ブレイクを描画する
Show Weekly Break Lines 週足ブレイクを描画する
Show Daily Break Lines 日足ブレイクを描画する
Show 4-Hour Break Lines 4時間足ブレイクを描画する
Show 1-Hour Break Lines 1時間足ブレイクを描画する
Show Monthly Candidate Lines 月足ブレイク候補ラインを描画する
Show Weekly Candidate Lines 週足ブレイク候補ラインを描画する
Show Daily Candidate Lines 日足ブレイク候補ラインを描画する
Show 4-Hour Candidate Lines 4時間足ブレイク候補ラインを描画する
Show 1-Hour Candidate Lines 1時間足ブレイク候補ラインを描画する
Show Only Current TF Candidate Lines チャート時間足の候補ラインのみ表示
Show Table Only on 4H Chart テーブルを4Hチャートのみ表示
Alert Message: 1-Hour Break Detected アラートメッセージ: 1時間足ブレイク発生
Risk sizing toolHelps you manage risk per trade accurately.
Automatically adjusts position size if the stop-loss or account constraints are exceeded.
Gives a clear visual summary directly on your stock chart.
Prevents taking trades that are too large relative to your account.
Volume v4 (Dollar Value) by Koenigsegg📊 Volume v3 (Dollar Value) by Koenigsegg
🎯 Purpose:
Volume v3 (Dollar Value) by Koenigsegg transforms traditional raw-unit volume into dollar-denominated volume, revealing how much money actually flows through each candle.
Instead of measuring how many coins or contracts were traded, this version calculates the total traded value = volume × average price (hlc3), allowing traders to visually assess capital intensity and market participation within each move.
⚙️ Core Features
- Converts raw volume into USD-based traded value for each candle.
- Color-coded bars show bullish (green/teal) vs. bearish (red) activity.
- Built-in SMA and SMMA overlays highlight sustained shifts in value flow.
- Designed for visual clarity to support momentum, exhaustion, and divergence studies.
📖 How to Read It
Rising Dollar Volume — indicates growing market participation and strong capital flow, often aligning with impulsive waves in trend direction.
Falling Dollar Volume — signals waning interest or reduced participation, potentially hinting at correction or exhaustion phases.
Comparing Legs — when price makes new highs/lows but dollar volume weakens, it can reveal divergences between price movement and actual capital commitment.
SMA / SMMA Lines — use them to identify longer-term accumulation or depletion of market activity, separating short bursts from sustained inflows or outflows.
The goal is to visualize the strength of market moves in terms of capital energy, not just tick activity. This distinction helps traders interpret whether a trend is being driven by genuine money flow or low-liquidity drift.
⚠️ Disclaimer
This script is provided for research and educational purposes only.
It does not constitute financial advice, investment recommendations, or trading signals.
Always conduct your own analysis and manage your own risk when trading live markets.
The author accepts no liability for financial losses incurred from use of this tool.
🧠 Credits
Developed and published by Koenigsegg.
Written in Pine Script® v6, fully compliant with TradingView’s House Rules for Pine Scripts.
Licensed under the Mozilla Public License 2.0.
Pump-Smart Shorting StrategyThis strategy is built to keep your portfolio hedged as much as possible while maximizing profitability. Shorts are opened after pumps cool off and on new highs (when safe), and closed quickly during strong upward moves or if stop loss/profit targets are hit. It uses visual overlays to clearly show when hedging is on, off, or blocked due to momentum, ensuring you’re protected in most market conditions but never short against the pump. Fast re-entry keeps the hedge active with minimal downtime.
Pump Detection:
RSI (Relative Strength Index): Calculated over a custom period (default 14 bars). If RSI rises above a threshold (default 70), the strategy considers the market to be in a pump (strong upward momentum).
Volume Spike: The current volume is compared to a 20-bar simple moving average of volume. If it exceeds the average by 1.5× and price increases at least 5% in one bar, pump conditions are triggered.
Price Jump: Measured by (close - close ) / close . A single-bar change > 5% helps confirm rapid momentum.
Pump Zone (No Short): If any of these conditions is true, an orange or red background is shown and shorts are blocked.
Cooldown and Re-Entry:
Cooldown Detection: After the pump ends, RSI must fall below a set value (default ≤ 60), and either volume returns towards average or price momentum is less than half the original spike (oneBarUp <= pctUp/2).
barsWait Parameter: You can specify a waiting period after cooldown before a short is allowed.
Short Entry After Pump/Cooldown: When these cooldown conditions are met, and no short is active, a blue background is shown and a short position is opened at the next signal.
New High Entry:
Lookback New High: If the current high is greater than the highest high in the last N bars (default 20), and pump is NOT active, a short can be opened.
Take Profit (TP) & Stop Loss (SL):
Take Profit: Short is closed if price falls to a threshold below the entry (minProfitPerc, default 2%).
Stop Loss: Short is closed if price rises to a threshold above the entry (stopLossPerc, default 6%).
Preemptive Exit:
Any time a pump is detected while a short position is open, the strategy closes the short immediately to avoid losses.
Visual Feedback:
Orange Background: Market is pumping, do not short.
Red Background: Other conditions block shorts (cooldown or waiting).
Blue Background: Shorts allowed.
Triangles/Circles: Mark entries, pump start/end, for clear trading signals.
ICT Killzones & MacrosICT Killzones & Macros (v1.1.5) — configurable ICT session windows + refined “macro” windows with live High/Low levels, optional extensions, next-window previews, and lightweight opening-price lines. Built to be clock-robust, timezone-aware, and performant on intraday charts.
Tip: All times are interpreted in your chosen IANA timezone (default: America/New_York) and auto-handle DST. You can rename, recolor, enable/disable, and retime every window.
What it plots
- Killzones (5) : Asia (19:00–02:00), London (02:00–05:00), NY AM (07:00–09:30), London Close (10:00–12:00), NY PM (13:30–16:00) — full-height boxes with optional header.
- Macros (8) (defaults tailored for common ICT “refined” windows): Asia-1 (18:00–21:00), Asia-2 (21:00–00:00), London-1 (01:00–04:00), AM-1 (09:45–10:15), AM-2 (10:45–11:15), Lunch (12:00–13:00), PM-1 (13:30–14:30), Power Hour (15:10–16:00).
- Live High/Low lines for the current Macro/Killzone window.
- Optional HL extension to the right until price crosses or the trading day rolls (style selectable).
- “Next” previews : earliest upcoming Macro and Killzone header; optional next-window background band.
- Opening Prices (3 lightweight time lines) : defaults 00:00, 08:30, 09:30 with right-edge labels, scoped to a session you choose (auto-cleans at session end).
- Key inputs & styling
- General : Timezone (IANA), “Sessions to show” (per window) to keep only the last N completed windows.
- Header : height (ticks), gap (ticks), fill opacity, border width/style, text size/color, toggle “Next Macro/Killzone” headers.
- Boxes : global fill opacity, global border width/style (used by both Macros & Killzones).
- High/Low : show HL, HL line style, extend on/off + extension style, optional extension labels.
- Opening Prices : enable Time 1/2/3, set HH:MM for each, session window, per-line colors, style (dotted/dashed/solid), width.
- Per-window controls : each Macro/Killzone has Enable, Session (HHMM-HHMM), Label, Fill color.
How to use (quick start)
- Set Timezone to your preference (default America/New_York).
- Toggle on the Macros and Killzones you trade. Adjust session times if needed.
- (Optional) Turn on Extend High/Low to project levels until crossed/day-roll.
- (Optional) Enable Next… headers to see the next upcoming window at a glance.
- (Optional) Configure Opening Prices (00:00 / 08:30 / 09:30 by default) and the session over which they appear.
Behavior & notes
- Time windows are computed by clock, not by guessing bar timestamps, making them robust across brokers and timeframes.
- With HL extension on, the current window’s levels extend until crossed or the end of the trading day (in your timezone). With it off, completed windows keep static HL markers (limited by “Sessions to show”).
- “Sessions to show” applies per Macro/Killzone to automatically prune older windows and keep charts snappy.
- Opening-price lines exist only within the chosen “Opening Prices Session” and are removed when it ends (keeps charts clean).
Defaults (color cues)
Killzones: Asia (blue), London (purple), NY AM (green), London Close (yellow), NY PM (orange).
Macros: neutral greys with Lunch and PM accents out of the box (all customizable).
Performance tips
- Reduce “Sessions to show” if you scroll far back in history.
- Disable “Next…” previews and/or extension labels on very slow machines.
- Narrow the “Opening Prices Session” window to exactly when you need those lines.
Changelog highlights
- v1.1.5 : Internal refinements and stability.
- v1.1.3 : Live High/Low lines for current windows + optional extension.
- v1.1.2 : Added “next Killzone” preview (to match “next Macro”).
- v1.1.0 : Defaults updated (5 KZ, 8 Macros). Removed “snap-to-killzone” behavior.
- v1.0.0 : Independent Macro vs. Killzone rendering; cleaner header logic.
- Known limitations
If your chart warns about drawings, trim “Sessions to show”.
If your broker session times differ from NY hours, adjust the sessions or change the indicator timezone.
Credits & intent
Inspired by ICT timing concepts; provided for education/mark-up, not financial advice.
Built to be flexible so you can mirror your personal playbook and journaling workflow.
ATR Adaptive (auto timeframe)This indicator automatically adjusts the Average True Range (ATR) period based on the current chart timeframe, helping traders define dynamic Stop Loss (SL) and Take Profit (TP) levels that adapt to market volatility.
The ATR measures the average range of price movement over a defined number of bars. By using adaptive periods, the indicator ensures that volatility is interpreted consistently across different timeframes — from 1-minute charts to daily or weekly charts.
It plots two main levels on the chart:
🔴 Low – ATR × Multiplier → Suggested Stop Loss (below the candle’s low)
🟢 High + ATR × Multiplier → Suggested Take Profit or trailing level (above the candle’s high)
Optional additional lines show ATR-based TP levels calculated from the current close.
💡 How to use
Select your desired ATR multiplier (e.g., 1.3× for SL, 1.0× for TP).
The script automatically detects the chart timeframe and uses an appropriate ATR length (e.g., ATR(30) on M5, ATR(21) on H1, ATR(14) on Daily).
Use the plotted levels to:
Set Stop Loss just below the red ATR band (for long trades).
Set Take Profit near or slightly below the green ATR band (for short trades, reverse logic).
⚙️ Why it helps
Maintains consistent volatility-based risk across multiple timeframes.
Avoids arbitrary fixed SL/TP values.
Makes the trading strategy more responsive in high-volatility markets and more conservative when volatility contracts.
Particularly useful for intraday and swing trading, where volatility varies significantly between sessions.
Directional Indicator Crossovers v1[JopAlgo]Directional Indicator Crossovers v1 — the classic DMI, made clearer and easier to act on
We'd like to introduce you to a more relaxed, streamlined version of DI. While it may not seem like it at first glance, we've taken the D+/D- method as a starting point and developed our own version of this indicator: two lines, a smooth green/red field indicating who's in control, and clear crossover alerts for a flip. We deliberately chose the step line representation because it closely matches the candlestick patterns on the chart. Designed to help you react faster—without clutter.
What you’ll see
+DI (green) and −DI (red) using classic Wilder smoothing.
A soft control zone between the lines: green when +DI dominates, red when −DI dominates.
Crossover alerts (no labels, no background flooding)—just the turning points.
Why this helps
Instant bias: the shaded field tells you who’s in control without reading values.
Cleaner execution: minimal visuals keep focus on the handoff (+DI↔−DI) and your price levels.
Actionable by design: built-in alerts fire right at the flip to route into your workflow.
How to read it
Bias: Green zone → buyers lead. Red zone → sellers lead.
Trigger: Consider entries on the DI crossover that aligns with your higher-timeframe context (trend, S/R, OB).
Patience in chop: If flips are frequent in tight ranges, wait for sustained zone dominance or confirm on a higher TF.
Exit/flip: Opposite crossover or a clear loss of dominance.
Settings that matter
DI Length (default 14): Higher = calmer, fewer flips. Lower = faster, more signals.
Visuals: Keep the control zone on for quick reads; hide crossover marks if you prefer pure lines.
Alerts: Enable bullish and bearish DI cross alerts; connect to notifications or webhooks as needed.
Starter presets
Intraday (15m–1H): DI Length 12–14 for quicker handoffs.
Swing (4H–1D): DI Length 14–20 for cleaner signals.
Choppy assets: Nudge length higher to dampen noise.
Where it shines (and limits)
Best: Liquid markets (crypto majors, indices, large caps) where handoffs matter.
Works elsewhere: Still useful on slower pairs; extend length for stability.
Limit: Frequent flips in low-range sessions—pair with HTF bias or structure.
Alerts included
Bullish DI Crossover: +DI crosses above −DI.
Bearish DI Crossover: −DI crosses above +DI.
Attribution & License
Built on the Directional Movement Index concept by J. Welles Wilder Jr. (1978).
Independent Pine v6 implementation (not derived from TradingView’s built-in source).
Released as Open Source (MPL-2.0)—please keep the license header intact.
Disclaimer
For educational purposes only; not financial advice. Trading involves risk. Test first, use clear levels, and manage risk. This project is independent and not affiliated with or endorsed by TradingView.
Daily ATR Zones
Dynamic Daily ATR Projection Zones
### **Description:**
This indicator projects potential price levels for the current trading day based on the Average True Range (ATR) of the previous day. It is designed to help intraday traders visualize daily volatility and identify key potential support, resistance, or target levels that are fixed for the entire session and do not repaint.
**How It Works**
The logic is based on two key components: a stable base price and a reliable volatility measure.
* **Base Price:** The indicator uses the **Open price of the current day** as the central anchor point for all projections.
* **Volatility Measure:** The calculation uses the final, completed **ATR value from the previous day**. This ensures that the projected zones are constant throughout the current trading day and are not subject to repainting.
The projection levels are then calculated using the formula:
`Current Day's Open + (Previous Day's ATR * Multiplier)`
**Features**
This script is fully customizable to fit your trading style:
* **Customizable ATR Multipliers:** Easily define your own price zones by entering a comma-separated list of multipliers (e.g., `0.5, 1.0, 1.5, -0.5, -1.0`).
* **Dynamic & Movable Labels:** The price labels are designed to stay on the right edge of the chart, ensuring they never obscure the current price action.
* **Adjustable Label Position:** Use the "Label Horizontal Offset" setting to control how far the labels are positioned from the current bar, keeping your chart clean.
* **Adjustable Label Size:** Choose from five different sizes (Tiny, Small, Normal, Large, Huge) to ensure the labels are perfectly readable on any device.
* **Toggle Labels:** You can turn all labels on or off with a single checkbox.
* **Full Color Customization:** Set unique colors for the positive (upper), negative (lower), and neutral projection zones.
**How to Use**
This tool can be integrated into various intraday trading strategies:
* **Intraday Targets:** The projected levels can serve as potential take-profit or stop-loss targets for scalpers and day traders.
* **Support & Resistance:** Watch for price reactions, such as bounces or rejections, at these ATR levels, as they often act as dynamic support and resistance zones.
* **Volatility Gauge:** The zones provide a quick visual reference for how far the price has moved relative to its recent average daily range. For example, if the price reaches the `1.0 ATR` level, it has completed an "average" day's move.
HTF Cross Breakout [CHE] HTF Cross Breakout — Detects higher timeframe close crossovers for breakout signals, anchors VWAP for trend validation, and flags continuations or traps with visual extensions for delta percent and stop levels.
Summary
This indicator spots moments when the current chart's close price crosses a higher timeframe close, marking potential breakouts only when the current bar shows directional strength. It anchors a volume-weighted average price line from the breakout point to track trend health, updating labels to show if the move continues or reverses into a trap. Extensions add a dotted line linking the breakout level to the current close with percent change display, plus a stop-loss marker at the VWAP end. Signals gain robustness from higher timeframe confirmation and anti-repainting options, reducing noise in live bars compared to simple crossover tools.
Motivation: Why this design?
Traders often face false breakouts from intrabar wiggles on lower timeframes, especially without higher timeframe alignment, leading to whipsaws in volatile sessions. This design uses higher timeframe close as a stable reference for crossover detection, combined with anchored volume weighting to gauge sustained momentum. It addresses these by enforcing bar confirmation and directional filters, providing clearer entry validation and risk points without overcomplicating the chart.
What’s different vs. standard approaches?
Reference baseline
Standard crossover indicators like moving average crosses operate solely on the chart timeframe, ignoring higher timeframe context and lacking volume anchoring.
Architecture differences
- Higher timeframe data pulls via security calls with optional repainting control for stability.
- Anchored VWAP resets at each signal, accumulating from the breakout bar only.
- Label dynamics update in real-time for continuation checks, with extensions for visual delta and stop computation.
- Event-driven line finalization prunes old elements after a set bar extension.
Practical effect
Charts show persistent lines and labels that extend live but finalize cleanly on new events, avoiding clutter. This matters for spotting trap reversals early via label color shifts, and extensions provide quick risk visuals without manual calculations, improving decision speed in trend trades.
How it works (technical)
The indicator first determines a higher timeframe based on user selection, pulling its close price securely. It checks for crossovers or crossunders of the current close against this higher close, but only triggers on confirmed bars with matching directional opens and closes. On a valid event, a horizontal line and label mark the higher close level, while a dashed VWAP line starts accumulating typical price times volume from that bar onward. During the active phase, the breakout line extends to the current bar, the label repositions and updates text based on whether the current close holds above or below the level for bulls or bears. A background tint warns if the close deviates adversely from the current VWAP. Extensions draw a vertical dotted line at the last bar between the breakout level and close, placing a midpoint label with percent difference; separately, a label at the VWAP end shows a computed stop price. Persistent variables track the active state and accumulators, resetting on new events after briefly extending old elements. Repaint risk from security calls is mitigated by confirmed bar gating or user opt-in.
Parameter Guide
Plateau Length (reserved for future, currently unused): Sets a length for potential plateau detection in extensions; default 3, minimum 1. Higher values would increase stability but are not active yet—leave at default to avoid tuning.
Line Width: Controls thickness of breakout, VWAP, and extension lines; default 2, range 1 to 5. Thicker lines improve visibility on busy charts but may obscure price action—use 1 for clean views, 3 or more for emphasis.
+Bars after next HTF event (finalize old, then delete): Extends old lines and labels by this many bars before deletion on new signals; default 20, minimum 0. Shorter extensions keep charts tidy but risk cutting visuals prematurely; longer aids review but builds clutter over time.
Evaluate label only on HTF close (prevents gray traps intrabar): When true, label updates wait for higher timeframe confirmation; default true. Enabling reduces intrabar flips for stabler signals, though it may delay feedback—disable for faster live trading at repaint cost.
Allow Repainting: Permits real-time security data without confirmation offset; default false. False ensures historical accuracy but lags live bars; true speeds updates but can repaint on HTF closes.
Timeframe Type: Chooses HTF method—Auto Timeframe (dynamic steps up), Multiplier (chart multiple), or Manual (fixed string); default Auto Timeframe. Auto adapts to chart scale for convenience; Multiplier suits custom scaling like 5 times current; Manual for precise like 1D on any chart.
Multiplier for Alternate Resolution: Scales chart timeframe when Multiplier type selected; default 5, minimum 1. Values near 1 mimic current resolution for subtle shifts; higher like 10 jumps to broader context, increasing signal rarity.
Manual Resolution: Direct timeframe string like 60 for 1H when Manual type; default 60. Match to trading horizon—shorter for swing, longer for positional—to balance frequency and reliability.
Show Extension 1: Toggles dotted line and delta percent label between breakout level and current close; default true. Disable to simplify for basic use, enable for precise momentum tracking.
Dotted Line Width: Thickness for Extension 1 line; default 2, range 1 to 5. Align with main Line Width for consistency.
Text Size: Size for delta percent label; options tiny, small, normal, large; default normal. Smaller reduces overlap on dense charts; larger aids glance reads.
Decimals for Δ%: Precision in percent change display; default 2, range 0 to 6. Fewer decimals speed reading; more suit low-volatility assets.
Positive Δ Color: Hue for upward percent changes; default lime. Choose contrasting for visibility.
Negative Δ Color: Hue for downward percent changes; default red. Pair with positive for quick polarity scan.
Dotted Line Color: Color for Extension 1 line; default gray. Neutral tones blend well; brighter for emphasis.
Background Transparency (0..100): Opacity for delta label background; default 90. Higher values fade for subtlety; lower solidifies for readability.
Show Extension 2: Toggles stop-loss label at VWAP end; default true. Turn off for entry focus only.
Stop Method: Percent from VWAP end or fixed ticks; options Percent, Ticks; default Percent. Percent scales with price levels; Ticks suits tick-based instruments.
Stop %: Distance as fraction of VWAP for Percent method; default 1.0, step 0.05, minimum 0.0. Tighter like 0.5 reduces risk but increases stops; wider like 2.0 allows breathing room.
Stop Ticks: Tick count offset for Ticks method; default 20, minimum 0. Adjust per asset volatility—fewer for tight control.
Price Decimals: Rounding for stop price text; default 4, range 0 to 10. Match syminfo.precision for clean display.
Text Size: Size for stop label; options tiny, small, normal, large; default normal. Scale to chart zoom.
Text Color: Foreground for stop text; default white. Ensure contrast with background.
Inherit VWAP Color (BG tint): Bases stop label background on VWAP hue; default true. True maintains theme; false allows custom black base.
BG Transparency (0..100): Opacity for stop label background; default 0. Zero for no tint; up to 100 for full fade.
Reading & Interpretation
Breakout lines appear green for bullish crosses or red for bearish, extending live until a new event finalizes them briefly then deletes. Labels start blank, updating to Bull Cont. or Bear Cont. in matching colors if holding the level, or gray Bull Trap/Bear Trap on reversal. VWAP dashes yellow for bulls, orange for bears, sloping with accumulated volume weight—deviations trigger faint red background warnings. Extension 1's dotted vertical shows at the last bar, with midpoint label green/red for positive/negative percent from breakout to close. Extension 2 places a left-aligned label at VWAP end with stop price and method note, tinted to VWAP for context.
Practical Workflows & Combinations
For trend following, enter long on green Bull Cont. labels above VWAP with higher highs confirmation, filtering via rising structure; short on red Bear Cont. below. Pair with volume surges or RSI above 50 for bulls to avoid traps. For exits, trail stops using the Extension 2 level, tightening on warnings or gray labels—aggressive on continuations, conservative post-trap. In multi-timeframe setups, use default Auto on 15m charts for 1H signals, scaling multiplier to 4 for daily context on hourly; test on forex/stocks where volume is reliable, avoiding low-liquidity assets.
Behavior, Constraints & Performance
Signals confirm on bar close with HTF gating when strict mode active, but live bars may update if repainting enabled—opt false for backtest fidelity, true for intraday speed. Security calls risk minor repaints on HTF closes, mitigated by confirmation offsets. Resources cap at 1000 bars back, 50 lines/labels total, with event prunes to stay under budgets—no loops, minimal arrays. Limits include VWAP lag in low-volume periods and dependency on accurate HTF data; gaps or holidays may skew anchors.
Sensible Defaults & Quick Tuning
Defaults suit 5m-1H charts on liquid assets: Auto HTF, no repaint, 1% stops. For choppy markets with excess signals, enable strict eval and bump multiplier to 10 for rarer triggers. If sluggish in trends, shorten extend bars to 10 and allow repainting for quicker visuals. On high-vol like crypto, widen stop % to 2.0 and use Ticks method; for stables like indices, tighten to 0.5% and keep Percent.
What this indicator is—and isn’t
This is a signal visualization layer for breakout confirmation and basic risk marking, best as a filter in discretionary setups. It isn’t a standalone system or predictive oracle—combine with price structure, news awareness, and sizing rules for real edges.
Disclaimer
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
Do not use this indicator on Heikin-Ashi, Renko, Kagi, Point-and-Figure, or Range charts, as these chart types can produce unrealistic results for signal markers and alerts.
Best regards and happy trading
Chervolino
Bollinger Band Screener [Pineify]Multi-Symbol Bollinger Band Screener Pineify – Advanced Multi-Timeframe Market Analysis
Unlock the power of rapid, multi-asset scanning with this original TradingView Pine Script. Expose trends, volatility, and reversals across your favorite tickers—all in a single, customizable dashboard.
Key Features
Screens up to 8 symbols simultaneously with individual controls.
Covers 4 distinct timeframes per symbol for robust, multi-timeframe analysis.
Integrates advanced Bollinger Band logic, adaptable with 11+ moving average types (SMA, EMA, RMA, HMA, WMA, VWMA, TMA, VAR, WWMA, ZLEMA, and TSF).
Visualizes precise state changes: Open/Parallel Uptrends & Downtrends, Consolidation, Breakouts, and more.
Highly interactive table view for instant signal interpretation and actionable alerts.
Flexible to any market: crypto, stocks, forex, indices, and commodities.
How It Works
For each chosen symbol and timeframe, the script calculates Bollinger Bands using your specified source, length, standard deviation, and moving average method.
Real-time state recognition assigns one of several states (Open Rising, Open Falling, Parallel Rising, Parallel Falling), painting the table with unique color codes.
State detection is rigorously defined: e.g., “Open Rising” is set when both bands and the basis rise, indicating strong up momentum.
All bands, signals, and strategies dynamically update as new bars print or user inputs change.
Trading Ideas and Insights
Identify volatility expansions and compressions instantly, spotting breakouts and breakdowns before they play out.
Spot multi-timeframe confluences—when trends align across several TFs, conviction increases for potential trades.
Trade reversals or continuations based on unique Bollinger Band patterns, such as squeeze-break or persistent parallel moves.
Harness this tool for scalping, swing trading, or systematic portfolio screens—your logic, your edge!
How Multiple Indicators Work Together
This screener’s core strength is its integration of multiple moving average types into Bollinger Band construction, not just standard SMA. Each average adapts the bands’ responsiveness to trend and noise, so traders can select the underlying logic that matches their market environment (e.g., HMA for fast moves or ZLEMA for smoothed lag). Overlaying 4 timeframes per symbol ensures trends, reversals, and volatility shifts never slip past your radar. When all MAs and bands synchronize across symbols and TFs, it becomes easy to separate real opportunity from market noise.
Unique Aspects
Perhaps the most flexible Bollinger Band screener for TradingView—choose from over 10 moving average methods.
Powerful multi-timeframe and multi-asset design, rare among Pine scripts.
Immediate visual clarity with color-coded table cells indicating band state—no need for guesswork or chart clutter.
Custom configuration for each asset and time slice to suit any trading style.
How to Use
Add the script to your TradingView chart.
Use the user-friendly input settings to specify up to 8 symbols and 4 timeframes each.
Customize the Bollinger Band parameters: source (price type), band length, standard deviation, and type of moving average.
Interpret the dashboard: Color codes and “state” abbreviations show you instantly which symbols and timeframes are trending, consolidating, or breaking out.
Take trades according to your strategy, using the screener as a confirmation or primary scan tool.
Customization
Fully customize: symbols, timeframes, source, band length, standard deviation multiplier, and moving average type.
Supports intricate watchlists—anything TradingView allows, this script tracks.
Adapt for cryptos, equities, forex, or derivatives by changing symbol inputs.
Conclusion
The Multi-Symbol Bollinger Band Screener “Pineify” is a comprehensive, SEO-optimized Pine Script tool to supercharge your market scanning, trend spotting, and decision-making on TradingView. Whether you trade crypto, stocks, or forex—its fast, intuitive, multi-timeframe dashboard gives you the informational edge to stay ahead of the market.
Try it now to streamline your trading workflow and see all the bands, all the trends, all the time!
Advanced Speedometer Gauge [PhenLabs]Advanced Speedometer Gauge
Version: PineScript™v6
📌 Description
The Advanced Speedometer Gauge is a revolutionary multi-metric visualization tool that consolidates 13 distinct trading indicators into a single, intuitive speedometer display. Instead of cluttering your workspace with multiple oscillators and panels, this gauge provides a unified interface where you can switch between different metrics while maintaining consistent visual interpretation.
Built on PineScript™ v6, the indicator transforms complex technical calculations into an easy-to-read semi-circular gauge with color-coded zones and a precision needle indicator. Each of the 13 available metrics has been carefully normalized to a 0-100 scale, ensuring that whether you’re analyzing RSI, volume trends, or volatility extremes, the visual interpretation remains consistent and intuitive.
The gauge is designed for traders who value efficiency and clarity. By consolidating multiple analytical perspectives into one compact display, you can quickly assess market conditions without the visual noise of traditional multi-indicator setups. All metrics are non-overlapping, meaning each provides unique insights into different aspects of market behavior.
🚀 Points of Innovation
13 selectable metrics covering momentum, volume, volatility, trend, and statistical analysis, all accessible through a single dropdown menu
Universal 0-100 normalization system that standardizes different indicator scales for consistent visual interpretation across all metrics
Semi-circular gauge design with 21 arc segments providing smooth precision and clear visual feedback through color-coded zones
Non-redundant metric selection ensuring each indicator provides unique market insights without analytical overlap
Advanced metrics including MFI (volume-weighted momentum), CCI (statistical deviation), Volatility Rank (extended lookback), Trend Strength (ADX-style), Choppiness Index, Volume Trend, and Price Distance from MA
Flexible positioning system with 5 chart locations, 3 size options, and fully customizable color schemes for optimal workspace integration
🔧 Core Components
Metric Selection Engine: Dropdown interface allowing instant switching between 13 different technical indicators, each with independent parameter controls
Normalization System: All metrics converted to 0-100 scale using indicator-specific algorithms that preserve the statistical significance of each measurement
Semi-Circular Gauge: Visual display using 21 arc segments arranged in curved formation with two-row thickness for enhanced visibility
Color Zone System: Three distinct zones (0-40 green, 40-70 yellow, 70-100 red) providing instant visual feedback on metric extremes
Needle Indicator: Dynamic pointer that positions across the gauge arc based on precise current metric value
Table Implementation: Professional table structure ensuring consistent positioning and rendering across different chart configurations
🔥 Key Features
RSI (Relative Strength Index): Classic momentum oscillator measuring overbought/oversold conditions with adjustable period length (default 14)
Stochastic Oscillator: Compares closing price to price range over specified period with smoothing, ideal for identifying momentum shifts
MFI (Money Flow Index): Volume-weighted RSI that combines price movement with volume to measure buying and selling pressure intensity
CCI (Commodity Channel Index): Measures statistical deviation from average price, normalized from typical -200 to +200 range to 0-100 scale
Williams %R: Alternative overbought/oversold indicator using high-low range analysis, inverted to match 0-100 scale conventions
Volume %: Current volume relative to moving average expressed as percentage, capped at 100 for extreme spikes
Volume Trend: Cumulative directional volume flow showing whether volume is flowing into up moves or down moves over specified period
ATR Percentile: Current Average True Range position within historical range using specified lookback period (default 100 bars)
Volatility Rank: Close-to-close volatility measured against extended historical range (default 252 days), differs from ATR in calculation method
Momentum: Rate of change calculation showing price movement speed, centered at 50 and normalized to 0-100 range
Trend Strength: ADX-style calculation using directional movement to quantify trend intensity regardless of direction
Choppiness Index: Measures market choppiness versus trending behavior, where high values indicate ranging markets and low values indicate strong trends
Price Distance from MA: Measures current price over-extension from moving average using standard deviation calculations
🎨 Visualization
Semi-Circular Arc Display: Curved gauge spanning from 0 (left) to 100 (right) with smooth progression and two-row thickness for visibility
Color-Coded Zones: Green zone (0-40) for low/oversold conditions, yellow zone (40-70) for neutral readings, red zone (70-100) for high/overbought conditions
Needle Indicator: Downward-pointing triangle (▼) positioned precisely at current metric value along the gauge arc
Scale Markers: Vertical line markers at 0, 25, 50, 75, and 100 positions with corresponding numerical labels below
Title Display: Merged cell showing “𓄀 PhenLabs” branding plus currently selected metric name in monospace font
Large Value Display: Current metric value shown with two decimal precision in large text directly below title
Table Structure: Professional table with customizable background color, text color, and transparency for minimal chart obstruction
📖 Usage Guidelines
Metric Selection
Select Metric: Default: RSI | Options: RSI, Stochastic, Volume %, ATR Percentile, Momentum, MFI (Money Flow), CCI (Commodity Channel), Williams %R, Volatility Rank, Trend Strength, Choppiness Index, Volume Trend, Price Distance | Choose the technical indicator you want to display on the gauge based on your current analytical needs
RSI Settings
RSI Length: Default: 14 | Range: 1+ | Controls the lookback period for RSI calculation, shorter periods increase sensitivity to recent price changes
Stochastic Settings
Stochastic Length: Default: 14 | Range: 1+ | Lookback period for stochastic calculation comparing close to high-low range
Stochastic Smooth: Default: 3 | Range: 1+ | Smoothing period applied to raw stochastic value to reduce noise and false signals
Volume Settings
Volume MA Length: Default: 20 | Range: 1+ | Moving average period used to calculate average volume for comparison with current volume
Volume Trend Length: Default: 20 | Range: 5+ | Period for calculating cumulative directional volume flow trend
ATR and Volatility Settings
ATR Length: Default: 14 | Range: 1+ | Period for Average True Range calculation used in ATR Percentile metric
ATR Percentile Lookback: Default: 100 | Range: 20+ | Historical range used to determine current ATR position as percentile
Volatility Rank Lookback (Days): Default: 252 | Range: 50+ | Extended lookback period for Volatility Rank metric using close-to-close volatility
Momentum and Trend Settings
Momentum Length: Default: 10 | Range: 1+ | Lookback period for rate of change calculation in Momentum metric
Trend Strength Length: Default: 20 | Range: 5+ | Period for directional movement calculations in ADX-style Trend Strength metric
Advanced Metric Settings
MFI Length: Default: 14 | Range: 1+ | Lookback period for Money Flow Index calculation combining price and volume
CCI Length: Default: 20 | Range: 1+ | Period for Commodity Channel Index statistical deviation calculation
Williams %R Length: Default: 14 | Range: 1+ | Lookback period for Williams %R high-low range analysis
Choppiness Index Length: Default: 14 | Range: 5+ | Period for calculating market choppiness versus trending behavior
Price Distance MA Length: Default: 50 | Range: 10+ | Moving average period used for Price Distance standard deviation calculation
Visual Customization
Position: Default: Top Right | Options: Top Left, Top Right, Bottom Left, Bottom Right, Middle Right | Controls gauge placement on chart for optimal workspace organization
Size: Default: Normal | Options: Small, Normal, Large | Adjusts overall gauge dimensions and text size for different monitor resolutions and preferences
Low Zone Color (0-40): Default: Green (#00FF00) | Customize color for low/oversold zone of gauge arc
Medium Zone Color (40-70): Default: Yellow (#FFFF00) | Customize color for neutral/medium zone of gauge arc
High Zone Color (70-100): Default: Red (#FF0000) | Customize color for high/overbought zone of gauge arc
Background Color: Default: Semi-transparent dark gray | Customize gauge background for contrast and chart integration
Text Color: Default: White (#FFFFFF) | Customize all text elements including title, value, and scale labels
✅ Best Use Cases
Quick visual assessment of market conditions when you need instant feedback on whether an asset is in extreme territory across multiple analytical dimensions
Workspace organization for traders who monitor multiple indicators but want to reduce chart clutter and visual complexity
Metric comparison by switching between different indicators while maintaining consistent visual interpretation through the 0-100 normalization
Overbought/oversold identification using RSI, Stochastic, Williams %R, or MFI depending on whether you prefer price-only or volume-weighted analysis
Volume analysis through Volume %, Volume Trend, or MFI to confirm price movements with corresponding volume characteristics
Volatility monitoring using ATR Percentile or Volatility Rank to identify expansion/contraction cycles and adjust position sizing
Trend vs range identification by comparing Trend Strength (high values = trending) against Choppiness Index (high values = ranging)
Statistical over-extension detection using CCI or Price Distance to identify when price has deviated significantly from normal behavior
Multi-timeframe analysis by duplicating the gauge on different timeframe charts to compare metric readings across time horizons
Educational purposes for new traders learning to interpret technical indicators through consistent visual representation
⚠️ Limitations
The gauge displays only one metric at a time, requiring manual switching to compare different indicators rather than simultaneous multi-metric viewing
The 0-100 normalization, while providing consistency, may obscure the raw values and specific nuances of each underlying indicator
Table-based visualization cannot be exported or saved as an image separately from the full chart screenshot
Optimal parameter settings vary by asset type, timeframe, and market conditions, requiring user experimentation for best results
💡 What Makes This Unique
Unified Multi-Metric Interface: The only gauge-style indicator offering 13 distinct metrics through a single interface, eliminating the need for multiple oscillator panels
Non-Overlapping Analytics: Each metric provides genuinely unique insights—MFI combines volume with price, CCI measures statistical deviation, Volatility Rank uses extended lookback, Trend Strength quantifies directional movement, and Choppiness Index measures ranging behavior
Universal Normalization System: All metrics standardized to 0-100 scale using indicator-appropriate algorithms that preserve statistical meaning while enabling consistent visual interpretation
Professional Visual Design: Semi-circular gauge with 21 arc segments, precision needle positioning, color-coded zones, and clean table implementation that maintains clarity across all chart configurations
Extensive Customization: Independent parameter controls for each metric, five position options, three size presets, and full color customization for seamless workspace integration
🔬 How It Works
1. Metric Calculation Phase:
All 13 metrics are calculated simultaneously on every bar using their respective algorithms with user-defined parameters
Each metric applies its own specific calculation method—RSI uses average gains vs losses, Stochastic compares close to high-low range, MFI incorporates typical price and volume, CCI measures deviation from statistical mean, ATR calculates true range, directional indicators measure up/down movement, and statistical metrics analyze price relationships
2. Normalization Process:
Each calculated metric is converted to a standardized 0-100 scale using indicator-appropriate transformations
Some metrics are naturally 0-100 (RSI, Stochastic, MFI, Williams %R), while others require scaling—CCI transforms from ±200 range, Momentum centers around 50, Volume ratio caps at 2x for 100, ATR and Volatility Rank calculate percentile positions, and Price Distance scales by standard deviations
3. Gauge Rendering:
The selected metric’s normalized value determines the needle position across 21 arc segments spanning 0-100
Each arc segment receives its color based on position—segments 0-8 are green zone, segments 9-14 are yellow zone, segments 15-20 are red zone
The needle indicator (▼) appears in row 5 at the column corresponding to the current metric value, providing precise visual feedback
4. Table Construction:
The gauge uses TradingView’s table system with merged cells for title and value display, ensuring consistent positioning regardless of chart configuration
Rows are allocated as follows: Row 0 merged for title, Row 1 merged for large value display, Row 2 for spacing, Rows 3-4 for the semi-circular arc with curved shaping, Row 5 for needle indicator, Row 6 for scale markers, Row 7 for numerical labels at 0/25/50/75/100
All visual elements update on every bar when barstate.islast is true, ensuring real-time accuracy without performance impact
💡 Note:
This indicator is designed for visual analysis and market condition assessment, not as a standalone trading system. For best results, combine gauge readings with price action analysis, support and resistance levels, and broader market context. Parameter optimization is recommended based on your specific trading timeframe and asset class. The gauge works on all timeframes but may require different parameter settings for intraday versus daily/weekly analysis. Consider using multiple instances of the gauge set to different metrics for comprehensive market analysis without switching between settings.
Mayer Mutiple | QRMayer Multiple | QR — Publication Description
What it does
Mayer Multiple | QR is a cycle/valuation style oscillator that measures how far price sits above or below its longer-term average and normalizes that distance by current volatility. It helps you spot overheated extensions and deep discounts relative to trend, with adaptive bands that expand/contract as conditions change.
How it works (principle)
The script compares price to a long lookback moving average (default uses a 200-period average of ohlc4) and turns that gap into an oscillator.
It then computes a rolling standard deviation of that oscillator to build dynamic upper/lower bands (±1σ, ±2σ, ±3σ).
When the oscillator rises above the upper bands, the move is statistically stretched (potential distribution/risk). When it falls below the lower bands, it’s statistically depressed (potential accumulation/opportunity).
A small baseline band around zero (scaled from volatility) provides a quick trend-bias read without crowding the view.
Why this matters: Classic “Mayer Multiple” tools use a fixed threshold over a single moving average. This version is volatility-aware: its bands adapt to the market’s current dispersion, reducing false signals in quiet regimes and avoiding constant “overheat” flags in high-vol regimes.
What you see on the chart
White oscillator line: volatility-normalized deviation from the long-term average.
Adaptive bands:
Upper 1/2/3σ (shaded blue tones) = progressively more extended.
Lower 1/2/3σ (shaded green tones) = progressively more discounted.
Baseline ribbon: subtle band around zero for quick bias.
Background highlights: optional flashes when the oscillator exceeds the ±3σ extremes.
All visuals are generated by this script alone; no other indicator is required to understand usage.
How to use it
Context: Use on higher timeframes to gauge where price sits versus its long-term “fair value corridor.”
Signal reading:
Above +1σ/+2σ/+3σ: extension → consider de-risking, trailing stops, or waiting for mean reversion.
Below −1σ/−2σ/−3σ: discount → consider scaling in, watching for trend resumption cues.
Confluence: Treat it as a condition, not a trigger. Pair with structure (higher highs/lows), breadth, or momentum for entries/exits.
Regime awareness: As volatility rises, bands widen; prioritize trend context over single print extremes.
Inputs you can tune
Color mode: preset palettes for lines/fills/backgrounds.
Dynamic Threshold Length: lookback for the volatility (σ) calculation driving the adaptive bands.
Source: price input used for the long-term reference.
Band toggles: show/hide ±1σ / ±2σ / ±3σ envelopes to reduce clutter.
Originality & value
Adaptive, volatility-aware implementation of a Mayer-style concept: rather than one fixed threshold, it scales to current regime, keeping readings comparable across cycles.
Clear, clean presentation (oscillator + bands + optional background) designed for publication with a clean chart so the script’s output is immediately identifiable.
Offers actionable context (stretch/discount zones) while leaving trade execution to the user’s process.
Limitations & good practices
Best used for context and risk framing, not stand-alone entries.
Adaptive bands depend on the lookback you choose; very short windows can overfit, very long windows can lag.
Extremes can persist in strong trends—don’t fade momentum blindly.
Disclaimer
This tool is for research and education only and not investment advice. Markets involve risk. Past performance does not predict or guarantee future results. Use prudent risk management and test settings on your instruments/timeframes.
India VIX Based Nifty/BankNifty Range Calculator (Auto Fetch)VIX-Based Expected Daily Range (Auto Volatility Forecast)
Created by: Harshiv Symposium
📖 Purpose
This indicator automatically fetches the India VIX value and calculates the expected daily price range for major Indian indices such as Nifty and BankNifty.
It helps traders understand how much the market is likely to move today based on current volatility conditions.
Designed for educational and analytical awareness, not for signals or profit-making systems.
⚙️ Core Logic
Expected Daily Move (Range) = (India VIX × Current Index Price) ÷ Multiplier
- Multiplier for Nifty: 1000
- Multiplier for BankNifty: 700
This calculation projects the 1-standard-deviation (≈ 68% probability) and 2-standard-deviation (≈ 95% probability) movement zones for the day.
📊 Example
If India VIX = 15 and Nifty = 25,000:
Expected Move ≈ (15 × 25,000) ÷ 1000 = 375 points
Hence,
- 68% Range: 24,625 – 25,375
- 95% Range: 24,250 – 25,750
This gives traders a realistic idea of daily volatility boundaries.
🧭 Key Features
✅ Auto-Fetch India VIX
No need for manual input — automatically pulls live data from NSE:INDIAVIX.
✅ Dynamic Range Visualization
Plots upper/lower boundaries for 1σ and 2σ probability zones with shaded expected-move area.
✅ Dashboard Panel
Displays:
- Current VIX
- Expected Move (in points and %)
- Upper and Lower Ranges
✅ Smart Alerts
Alerts when price crosses upper or lower volatility range — potential breakout signal.
🎯 How It Helps
Intraday Traders:
Know the likely daily movement (e.g., ±220 pts on Nifty) and plan realistic targets or stops.
Options Traders:
Quickly assess whether it’s a seller-friendly (low VIX, small range) or buyer-friendly (high VIX, large range) session.
Risk Managers:
Use volatility context for stop-loss width and position sizing.
Breakout Traders:
If price breaks beyond the 2σ range → indicates potential volatility expansion.
💡 Interpretation Guide
Condition Market Behavior Strategy Insight
VIX ↓ ( < 14 ) Calm / Range-bound Option Selling Edge
VIX ↑ ( > 20 ) Volatile Sessions Option Buying Edge
Price within Range Stable Market Mean Reversion Setups
Price breaks Range Volatility Expansion Breakout Trades
⚠️ Disclaimer
This indicator is for educational and awareness purposes only.
It does not generate buy/sell signals or guarantee returns.
Always apply your own analysis and risk management.
Last Candle of Hour Highlighter (M1 + M5)Highlights the last candle of every hour on 1-minute (M1) and 5-minute (M5) charts, making it easier to spot session closes, breakouts, and end-of-hour price action at a glance.
Detailed Description / How to Use:
This indicator automatically detects the last candle of each hour and changes its colour for quick visual reference. It’s designed for traders who use short-term timeframes (M1, M5) and want a clean visual cue for hourly closes.
Features:
• Automatically detects M1 and M5 timeframes.
• Highlights the last candle of each hour with a customisable colour.
• Optional Bull/Bear mode: colour changes depending on candle direction.
• Simple and lightweight — does not affect chart performance.
Inputs / Settings:
1. Color by Bull/Bear – Toggle on to automatically colour the last candle green (bullish) or red (bearish) based on its close relative to the open.
2. Highlight Colour – Choose a single colour if Bull/Bear mode is off.
3. Bullish Colour – Choose the colour for bullish last candles.
4. Bearish Colour – Choose the colour for bearish last candles.
Usage Tips:
• Works best on 1-minute and 5-minute charts.
• Ideal for spotting end-of-hour reversals, breakout candles, and momentum shifts.
• Can be combined with other indicators like support/resistance or moving averages for more advanced strategies.
