Trajectory Channel (VWAP Highs/Lows) [Euler-Inspired]This script identifies and visualizes key price trajectories by connecting recent pivot highs and lows on the weekly timeframe using either VWAP or Heikin-Ashi closes. It draws fully extended trend lines between the two most recent qualifying pivot highs (in red) and lows (in green), allowing traders to interpret natural directional channels—similar to manual trajectory plotting.
Inspired by Euler’s method of approximating paths, this tool avoids clutter by selectively connecting pivots that align with structural movement, providing traders with long-term support and resistance trajectories.
Use the sensitivity input to control how strictly pivots are defined, and toggle between VWAP-based or Heikin-Ashi-based pivots depending on your strategy.
Göstergeler ve stratejiler
Universal Valuation | Lyro RSUniversal Valuation
⚠️Disclaimer: This indicator is a tool for technical analysis and does not provide guaranteed results. It should be used in conjunction with other analysis methods and proper risk management practices. The creators of this indicator are not responsible for any financial decisions made based on its signals.
Overview
The Universal Valuation indicator helps identify whether the market is undervalued/cheap or overvalued/expensive. And another mode this indicator offers is This cutting-edge tool works flawlessly ACROSS ALL TIMEFRAMES & TICKERS/CHARTS.
By combining regular TradingView indicators & some of our valuation indicators basic/simple with advanced statistical functions, this indicator offers a powerful, universal valuation tool.
Key Features
INPUTS: The Universal Valuation indicator offers flexibility through its customizable input sections. The "Indicator Settings" let you adjust lengths for the raw indicators and statistical functions. The "Signals" section defines thresholds for background color changes, helping you visually spot key market moments. The "Colors" section allows you to pick from pre-defined schemes or personalize colors for better clarity. Lastly, the "Tables" section gives you full control over the UV table’s size and positioning, including options to overlay it on the chart or place it in the allocated space.
A DEEPER INSIGHT: This indicator is built around three distinct categories: "UVM Andromeda," "UVM Sentinel," and "UVM Nexus." Each category has three different drivers. The statistical function powering this indicator is the Z-score. The Z-score is an incredibly powerful tool that helps determine if the market is overvalued/expensive or undervalued/cheap, offering critical insights for traders."
Plotting: The plotted value represents the average of all the drivers. In other words, it is the combined average of all 9 Z-scored indicators, providing a balanced and comprehensive market valuation.
What is Z-score? & Why does this system use it?
Z-score is an advanced statistical function used to measure how far a value deviates from the average in a data set. The formula for Z-score is: (x - h) / o, where x is the observed value, h is the average (mean) of the data set, and o is the standard deviation.
This system uses the Z-score because it helps determine whether the market is overvalued or undervalued based on historical data and how we apply the calculation. By measuring how far a value deviates from the average, the Z-score provides a clearer and more objective valuation of market conditions. In our case, a Z-score of -3 indicates an undervalued market, while a Z-score of 3 signals an overvalued market.
UVM Andromeda:
UVM stands for Universal Valuation Model, which is the core of this indicator. Andromeda, one of the most stunning galaxies in the universe, inspired by its name. We chose this name because a powerful indicator should not only be effective but also visually appealing.
You might be wondering what drives UVM Andromeda. The three key drivers are Price, RSI, and ROC. These indicators are pre-defined, while the "Indicator Settings" allow you to adjust the length of the Z-score calculation, refining how the model analyzes market conditions.
UVM Sentinel:
Sentinel, refers to a guard or watchman, someone or something that keeps watch and provides protection. In our case this name refers to a model that actively observes market conditions, acting as a vigilant tool that signals important shifts in valuation.
Wondering what drives UVM Sentinel? The three key drivers are BB%, CCI, and Crosby. While these indicators are simple on their own, applying our Z-score function elevates them to a whole new level, enhancing their ability to detect market conditions with greater accuracy.
UVM Nexus:
We chose the name Nexus simply because it sounds cool—there’s no deeper meaning behind it for us. However, the word itself does have a meaning; it refers to a connection or link between multiple things.
The three key drivers for UVM Nexus are the Sharpe, Sortino, and Omega ratios. These are all asset performance metrics, but by applying the Z-score, we transform them into powerful valuation indicators/drivers, giving you a deeper insight into market conditions.
Why do we use 9 different indicators instead of 1?
That's a great question, and the answer is quite simple. Think of it like this: if you have one super soldier, and they miss a shot, it’s game over. But if you have many soldiers, even if one misses, the others can step in and take the shot. The strength of using multiple indicators lies in their collective power – if one misses, the others still provide valuable insights, making the overall system more reliable.
Final Thoughts:
In our Universal Valuation indicator, you have the flexibility to customize it however you like using our inputs. The system is divided into three distinct categories, with each category containing three indicators. The value plotted on the chart is the average of all nine indicators. We apply the Z-score, an advanced statistical function, to each of these nine indicators. The final plotted average is the average of all the Z-scores, giving you a comprehensive and refined market valuation. This indicator can work on any timeframe & chart ticker.
Multi Timeframe 50EMA CloudDescription:
The Multi Timeframe 50EMA Cloud is a powerful tool for multi-timeframe trend analysis. This indicator allows you to display the 50-period Exponential Moving Average (EMA) and its volatility "cloud" from several higher timeframes directly on any chart.
Features:
* See the 50EMA cloud from multiple timeframes at once: 15m, 1H, 4H, and 1D.
* Flexible controls: Easily turn each timeframe’s cloud on or off in the settings - overlay as many as you want.
* Distinct colors: Each timeframe has customizable colors for its EMA line, cloud and borders to keep your chart clear and organized.
* Universal perspective: Great for identifying higher timeframe support and resistance, confluence zones and market structure without switching charts.
How it works:
Each enabled EMA cloud is plotted with a band above and below the EMA line, showing ± one-quarter standard deviation (stdev) of price. This "cloud" highlights short-term volatility around the higher timeframe EMA, making it easier to spot dynamic support, resistance and trend strength.
Best for:
* Day traders and swing traders who want to track key EMAs from multiple timeframes on a single chart
* Identifying multi-timeframe confluence, trend direction and volatility zones
Tip:
Try overlaying the 15m, 1H, and 4H EMA clouds on lower timeframe charts (e.g., 1m, 5m, or 15m) for deeper market insight and better trade timing.
⚠️ Important Notice
This tool is provided for educational and informational purposes only . It is designed to assist in technical analysis learning and visual chart study.
It is not intended to be used as financial advice, a buy/sell signal, or any form of investment recommendation .
By using this indicator, you acknowledge that all actions you take are your own and you assume full responsibility for any decisions made.
50/100 EMA Crossover with Candle Confirmation📘 **50/100 EMA Crossover with Candle Confirmation – Strategy Description**
The **50/100 EMA Crossover with Candle Confirmation** is a trend-following strategy designed to filter high-probability entries by combining exponential moving average (EMA) crossovers with strong price action confirmation. This strategy aims to reduce false signals commonly associated with EMA-only systems by requiring a **candle close confirmation in the direction of the trend**, making it more reliable for intraday or swing trading across Forex, crypto, and stock markets.
---
### 🔍 **Core Logic**
* The strategy is based on the interaction of the **50 EMA** (fast-moving average) and the **100 EMA** (slow-moving average).
* **Trend direction** is determined by the crossover:
* **Bullish Trend**: When the 50 EMA crosses **above** the 100 EMA.
* **Bearish Trend**: When the 50 EMA crosses **below** the 100 EMA.
* To **filter out false breakouts**, a **candle confirmation** is used:
* For a **Buy signal**: After a bullish crossover, wait for a strong bullish candle (e.g., full-body green candle) to **close above both EMAs**.
* For a **Sell signal**: After a bearish crossover, wait for a strong bearish candle to **close below both EMAs**.
---
### ✅ **Entry Conditions**
**Buy Entry:**
* 50 EMA crosses above 100 EMA.
* Latest candle closes **above both EMAs**.
* Candle must be bullish (green/full body preferred).
**Sell Entry:**
* 50 EMA crosses below 100 EMA.
* Latest candle closes **below both EMAs**.
* Candle must be bearish (red/full body preferred).
---
### 🛑 **Exit or Take-Profit Options**
* **Fixed TP/SL**: 1:2 or 1:3 risk-reward.
* **Trailing Stop**: Based on recent swing highs/lows or ATR.
* **EMA Exit**: Exit trade when the candle closes on the opposite side of 50 EMA.
---
### ⚙️ **Best Settings**
* **Timeframes**: 5M, 15M, 1H, 4H (works well on most).
* **Markets**: Forex, Crypto (e.g., BTC/ETH), Indices (e.g., NASDAQ, NIFTY50).
* **Recommended filters**:
* Use with RSI divergence or volume confirmation.
* Avoid using during high-impact news (especially on lower timeframes).
---
### 🧠 **Why This Works**
The 50/100 EMA crossover provides a **medium-term trend signal**, reducing noise seen in fast EMAs (like 9 or 21). The candle confirmation adds a **momentum filter**, ensuring price supports the directional bias. This makes it suitable for traders who want a balance of trend and entry precision without overcomplicating with too many indicators.
---
### 📈 **Advantages**
* Simple yet effective for identifying trends.
* Filters out fakeouts using candle confirmation.
* Easy to automate in Pine Script or other trading bots.
* Can be combined with support/resistance or SMC zones for better confluence.
---
### ⚠️ **Limitations**
* May lag slightly in ranging markets.
* Late entries possible due to confirmation candle.
* Works best with additional volume or volatility filter.
Previous-Day High–Low BoxThe indicator automatically plots a translucent box covering the entire previous trading day’s high-to-low range—with dashed extension lines at those levels and a date watermark centered inside—so you can instantly see yesterday’s key price boundaries on any intraday chart.
CerberusFX Custom Time LineCerberusFX Custom Time Line
🧠 How it works:
Detects when time passes the target.
Sets a should_plot flag.
Waits for the next bar, even on Renko.
Plots the line once, then resets.
🧪 Tested on:
Renko
Heikin Ashi
1min–1D regular timeframes
PK's Buffer Zones with Extra Zone + EMA + VWAPuse as support and resistance. for any market and stocks.
3-Bar Compression Reversal Pattern//@version=5
indicator("3-Bar Compression Reversal Pattern", overlay=true)
// Get candle OHLCs
open1 = open
close1 = close
body1 = math.abs(close1 - open1)
open2 = open
close2 = close
body2 = math.abs(close2 - open2)
// 2nd candle body < 50% of 1st
secondSmall = body2 < (0.5 * body1)
// 3rd candle engulfs both 1st and 2nd
lowAll = math.min(low , low )
highAll = math.max(high , high )
engulfAll = (high > highAll) and (low < lowAll)
// Final condition
patternDetected = secondSmall and engulfAll
// Plot signal
plotshape(patternDetected, location=location.belowbar, color=color.green, style=shape.labelup, size=size.small, title="Pattern Signal")
alertcondition(patternDetected, title="3-Bar Reversal Alert", message="3-Bar Compression Reversal Pattern Detected!")
Intraday buy sell stratergy for goldThe optimized Pine Script strategy titled "Intraday Buy Sell Strategy for Gold" is designed for intraday trading based on a combination of opening range breakout, Fibonacci pivot levels, EMA filtering, and time-specific signal candles. Here's a breakdown of its key components and improvements:
Volatility Radar + Classic StochVolatility Radar + Classic Stoch
This indicator detects volatility squeezes by measuring Bollinger Bands tightness relative to recent history and confirms potential breakout strength using multiple factors:
Bollinger Bands bandwidth percentile to identify tight and super-tight squeezes
TTM Squeeze confirmation via Keltner Channels
Volume spikes indicating rising market interest
ADX trend strength to gauge directional momentum
Classic Stochastic oscillator to signal overbought/oversold conditions
A composite volatility score ranks the overall setup strength with intuitive color-coded background and a real-time label.
Use this tool to anticipate volatility expansions and improve timing for breakout trades.
BB Squeeze Flash (Overlay)SDC BB Squeeze Indicator - tells you when the BBs are getting super tight - made for GME but can be used anywhere i guess - TV told me i need to write more here to publish the indicator so here i am typing away ok hope this is enough characters
Quantum Dip Hunter | AlphaNattQuantum Dip Hunter | AlphaNatt
🎯 Overview
The Quantum Dip Hunter is an advanced technical indicator designed to identify high-probability buying opportunities when price temporarily dips below dynamic support levels. Unlike simple oversold indicators, this system uses a sophisticated quality scoring algorithm to filter out low-quality dips and highlight only the best entry points.
"Buy the dip" - but only the right dips. Not all dips are created equal.
⚡ Key Features
5 Detection Methods: Choose from Dynamic, Fibonacci, Volatility, Volume Profile, or Hybrid modes
Quality Scoring System: Each dip is scored from 0-100% based on multiple factors
Smart Filtering: Only signals above your quality threshold are displayed
Visual Effects: Glow, Pulse, and Wave animations for the support line
Risk Management: Automatic stop-loss and take-profit calculations
Real-time Statistics: Live dashboard showing current market conditions
📊 How It Works
The indicator calculates a dynamic support line using your selected method
When price dips below this line, it evaluates the dip quality
Quality score is calculated based on: trend alignment (30%), volume (20%), RSI (20%), momentum (15%), and dip depth (15%)
If the score exceeds your minimum threshold, a buy signal arrow appears
Stop-loss and take-profit levels are automatically calculated and displayed
🚀 Detection Methods Explained
Dynamic Support
Adapts to recent price action
Best for: Trending markets
Uses ATR-adjusted lowest points
Fibonacci Support
Based on 61.8% and 78.6% retracement levels
Best for: Pullbacks in strong trends
Automatically switches between fib levels
Volatility Support
Uses Bollinger Band methodology
Best for: Range-bound markets
Adapts to changing volatility
Volume Profile Support
Finds high-volume price levels
Best for: Identifying institutional support
Updates dynamically as volume accumulates
Hybrid Mode
Combines all methods for maximum accuracy
Best for: All market conditions
Takes the most conservative support level
⚙️ Key Settings
Dip Detection Engine
Detection Method: Choose your preferred support calculation
Sensitivity: Higher = more sensitive to price movements (0.5-3.0)
Lookback Period: How far back to analyze (20-200 bars)
Dip Depth %: Minimum dip size to consider (0.5-10%)
Quality Filters
Trend Filter: Only buy dips in uptrends when enabled
Minimum Dip Score: Quality threshold for signals (0-100%)
Trend Strength: Required trend score when filter is on
📈 Trading Strategies
Conservative Approach
Use Dynamic method with Trend Filter ON
Set minimum score to 80%
Risk:Reward ratio of 2:1 or higher
Best for: Swing trading
Aggressive Approach
Use Hybrid method with Trend Filter OFF
Set minimum score to 60%
Risk:Reward ratio of 1:1
Best for: Day trading
Scalping Setup
Use Volatility method
Set sensitivity to 2.0+
Focus on Target 1 only
Best for: Quick trades
🎨 Visual Customization
Color Themes:
Neon: Bright cyan/magenta for dark backgrounds
Ocean: Cool blues and teals
Solar: Warm yellows and oranges
Matrix: Classic green terminal look
Gradient: Smooth color transitions
Line Styles:
Solid: Clean, simple line
Glow: Adds depth with glow effect
Pulse: Animated breathing effect
Wave: Oscillating wave pattern
💡 Pro Tips
Start with the Trend Filter ON to avoid catching falling knives
Higher quality scores (80%+) have better win rates but fewer signals
Use Volume Profile method near major support/resistance levels
Combine with your favorite momentum indicator for confirmation
The pulse animation can help draw attention to key levels
⚠️ Important Notes
This indicator identifies potential entries, not guaranteed profits
Always use proper risk management
Works best on liquid instruments with good volume
Backtest your settings before live trading
Not financial advice - use at your own risk
📊 Statistics Panel
The live statistics panel shows:
Current detection method
Support level value
Trend direction
Distance from support
Current signal status
🤝 Support
Created by AlphaNatt
For questions or suggestions, please comment below!
Happy dip hunting! 🎯
Not financial advice, always do your own research
Dominant Volume DeltaThis indicator displays the volume delta (difference between buying and selling volume) for the dominant side only. If buyers dominate, a teal bar shows the strength of buying. If sellers dominate, a red bar shows the strength of selling. All values are positive and scaled to highlight aggressive pressure. Useful for spotting real-time market imbalances.
OBR 15min Session Opening Range Breakout + Volume Trend DeltaQuick Overview
This Pine Script plots the opening range for London and New York sessions, highlights breakout levels, draws previous session pivots, and offers a live volume delta table for trend confirmation.
Session Opening Range
- Captures the high/low of the first 15 minutes (configurable) for both London & NY sessions.
- Fills the range area with adjustable semi‑transparent colors.
- Optional alerts fire on breakout above the high or below the low.
Previous Session Levels
- Automatically draws previous day’s High, Low, Open and previous 4‑hour High/Low.
- Helps identify key S/R zones as price approaches ORB breakouts.
Volume Trend Delta
- Uses a CMO‑weighted moving average and ATR bands to detect trend state.
- Accumulates bullish vs. bearish volume during each trend.
- Displays Bull Vol, Bear Vol, and Delta % in a movable table for quick strength checks.
How to Use
1. Let the opening range complete (first 15 min).
2. Look for price closing above/below the ORB—enter long on an upside break, short on a downside break.
3. Check the Volume Delta table: positive delta confirms buying strength; negative delta confirms selling pressure.
4. Use previous day/4h levels as additional support/resistance filters.
Settings & Customization
- ORB Duration & Session Times (London/NY), fill colors, and toggles.
- Enable/disable Previous Day & 4H levels.
- Trend Period, Momentum Window, and Delta table position/size.
- Pre‑built alert conditions for all ORB breakouts.
Developer Notes
- Fully commented for easy adjustments.
- Modular sections: ORB, previous levels, trend delta, and alerts.
- No external libraries—pure Pine Script v6.
Tip
Combine ORB breakouts with Volume Delta and prior session pivots to filter false signals and trade stronger, more reliable moves.
Trend Continuation IndicatorTrend Continuation Indicator
The Trend Continuation Indicator is designed to assist traders in identifying potential continuation setups within established market trends. It is particularly suited for use in strong trending environments and is optimized for lower timeframes, with a recommended chart setting of 5-minute candles and an EMA timeframe set to 1 hour.
The indicator combines multiple technical elements:
RSI (Relative Strength Index): Used to assess potential overbought and oversold conditions relative to the trend.
EMA (Exponential Moving Average): A multi-timeframe EMA is used as a directional filter, helping to align entries with the broader trend.
Candle Structure and Momentum Filters: The logic includes real-time candle analysis and volume dynamics to identify momentum-driven signals.
Buy signals are generated when price action shows bullish momentum and RSI confirms potential oversold conditions within an uptrend. Conversely, sell signals are triggered when bearish momentum aligns with overbought RSI levels in a downtrend.
This tool is intended for use as part of a broader trading strategy and is best applied in trending markets where continuation patterns are more likely to follow through.
THE INDICATOR ITSELF IS NO FINANCIAL ADVISE!
Here are some usecase examples:
[Stya] CMF With Dynamic Colour]This script similar like normal Chaikin Money Flow (CMF), built as indicator to follow Smart Money. I just make a bit colorful to make it easier to see as indicator (UP or DOWN) based on the color
Ultimate Market Structure [Alpha Extract]Ultimate Market Structure
A comprehensive market structure analysis tool that combines advanced swing point detection, imbalance zone identification, and intelligent break analysis to identify high-probability trading opportunities.Utilizing a sophisticated trend scoring system, this indicator classifies market conditions and provides clear signals for structure breaks, directional changes, and fair value gap detection with institutional-grade precision.
🔶 Advanced Swing Point Detection
Identifies pivot highs and lows using configurable lookback periods with optional close-based analysis for cleaner signals. The system automatically labels swing points as Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), and Lower Lows (LL) while providing advanced classifications including "rising_high", "falling_high", "rising_low", "falling_low", "peak_high", and "valley_low" for nuanced market analysis.
swingHighPrice = useClosesForStructure ? ta.pivothigh(close, swingLength, swingLength) : ta.pivothigh(high, swingLength, swingLength)
swingLowPrice = useClosesForStructure ? ta.pivotlow(close, swingLength, swingLength) : ta.pivotlow(low, swingLength, swingLength)
classification = classifyStructurePoint(structureHighPrice, upperStructure, true)
significance = calculateSignificance(structureHighPrice, upperStructure, true)
🔶 Significance Scoring System
Each structure point receives a significance level on a 1-5 scale based on its distance from previous points, helping prioritize the most important levels. This intelligent scoring system ensures traders focus on the most meaningful structure breaks while filtering out minor noise.
🔶 Comprehensive Trend Analysis
Calculates momentum, strength, direction, and confidence levels using volatility-normalized price changes and multi-timeframe correlation. The system provides real-time trend state tracking with bullish (+1), bearish (-1), or neutral (0) direction assessment and 0-100 confidence scoring.
// Calculate trend momentum using rate of change and volatility
calculateTrendMomentum(lookback) =>
priceChange = (close - close ) / close * 100
avgVolatility = ta.atr(lookback) / close * 100
momentum = priceChange / (avgVolatility + 0.0001)
momentum
// Calculate trend strength using multiple timeframe correlation
calculateTrendStrength(shortPeriod, longPeriod) =>
shortMA = ta.sma(close, shortPeriod)
longMA = ta.sma(close, longPeriod)
separation = math.abs(shortMA - longMA) / longMA * 100
strength = separation * slopeAlignment
❓How It Works
🔶 Imbalance Zone Detection
Identifies Fair Value Gaps (FVGs) between consecutive candles where price gaps create unfilled areas. These zones are displayed as semi-transparent boxes with optional center line mitigation tracking, highlighting potential support and resistance levels where institutional players often react.
// Detect Fair Value Gaps
detectPriceImbalance() =>
currentHigh = high
currentLow = low
refHigh = high
refLow = low
if currentOpen > currentClose
if currentHigh - refLow < 0
upperBound = currentClose - (currentClose - refLow)
lowerBound = currentClose - (currentClose - currentHigh)
centerPoint = (upperBound + lowerBound) / 2
newZone = ImbalanceZone.new(
zoneBox = box.new(bar_index, upperBound, rightEdge, lowerBound,
bgcolor=bullishImbalanceColor, border_color=hiddenColor)
)
🔶 Structure Break Analysis
Determines Break of Structure (BOS) for trend continuation and Directional Change (DC) for trend reversals with advanced classification as "continuation", "reversal", or "neutral". The system compares pre-trend and post-trend states for each break, providing comprehensive trend change momentum analysis.
🔶 Intelligent Zone Management
Features partial mitigation tracking when price enters but doesn't fully fill zones, with automatic zone boundary adjustment during partial fills. Smart array management keeps only recent structure points for optimal performance while preventing duplicate signals from the same level.
🔶 Liquidity Zone Detection
Automatically identifies potential liquidity zones at key structure points for institutional trading analysis. The system tracks broken structure points and provides adaptive zone extension with configurable time-based limits for imbalance areas.
🔶 Visual Structure Mapping
Provides clear visual indicators including swing labels with color-coded significance levels, dashed lines connecting break points with BOS/DC labels, and break signals for continuation and reversal patterns. The adaptive zones feature smart management with automatic mitigation tracking.
🔶 Market Structure Interpretation
HH/HL patterns indicate bullish market structure with trend continuation likelihood, while LH/LL patterns signal bearish structure with downtrend continuation expected. BOS signals represent structure breaks in trend direction for continuation opportunities, while DC signals warn of potential reversals.
🔶 Performance Optimization
Automatic cleanup of old structure points (keeps last 8 points), recent break tracking (keeps last 5 break events), and efficient array management ensure smooth performance across all timeframes and market conditions.
Why Choose Ultimate Market Structure ?
This indicator provides traders with institutional-grade market structure analysis, combining multiple analytical approaches into one comprehensive tool. By identifying key structure levels, imbalance zones, and break patterns with advanced significance scoring, it helps traders understand market dynamics and position themselves for high-probability trade setups in alignment with smart money concepts. The sophisticated trend scoring system and intelligent zone management make it an essential tool for any serious trader looking to decode market structure with precision and confidence.
Momentum-Reversal System Signals Pro
Momentum-Reversal System Signals Pro
Overview
A sophisticated signaling system designed to identify high-probability trend-following entries after a price pullback. This indicator is optimized for index futures like the S&P 500 (ES/SPX) on a 5-minute timeframe .
It performs best during periods of established trends and lower volatility. To aid in this, the indicator includes a customizable "No-Trade Zone" highlighter, which is pre-set to the often volatile 8:30 AM - 11:30 AM EST market open. While the default settings are robust and effective in most conditions, the indicator is fully customizable to suit your specific trading style.
How It Works
The core logic is based on a three-step process to filter for high-quality setups:
Trend Confirmation: The script first establishes the overall market direction using an EMA on a higher timeframe (15-minute by default). This ensures you are only looking for trades that align with the dominant trend.
Pullback Detection: Once the trend is confirmed, the script waits for the price to pull back to a dynamic area of value on the main chart (5-minute by default). This "pullback zone" is defined by the 5m EMA and an ATR-based channel around it, which adapts to current market volatility.
Momentum Entry: After a valid pullback occurs, the script waits for a clear sign that momentum is returning in the direction of the primary trend. This is confirmed by a combination of a MACD crossover and a strong RSI reading, signaling that the pullback has likely ended and the trend is ready to resume.
Advanced Quality Filters
What makes this indicator powerful is its multi-layered filtering system designed to weed out low-probability signals and avoid choppy market conditions.
Trend Strength: It doesn't just check the trend direction; it measures the slope of the 15m EMA to ensure the trend has sufficient strength. This is a key filter for avoiding flat, sideways markets.
Momentum Confirmation: An RSI "Dead Zone" around the 50-level ensures that the RSI shows decisive momentum before a signal is generated.
Signal Cooldown: A built-in timer ( Min Bars Between Signals ) prevents the same signal from firing repeatedly in a short period, reducing noise and over-trading.
RSI Volatility: The script checks that the RSI itself is not flat, which is often a sign of market indecision and a precursor to chop.
Pullback Quality: An optional filter ensures that by the time the signal fires, the price has already moved back to the "correct" side of the 5m EMA, confirming the reversal's strength.
Volatility Filter: A crucial risk management filter that blocks signals on abnormally large, high-risk "gasoline" bars that could lead to immediate stops.
How To Use
For Long Signals (Green 'Long' Tag):
Look for the 15m EMA to be green and trending upwards.
Wait for price to pull back towards the orange 5m EMA.
A "Long" signal appears when momentum indicators confirm a reversal back in the direction of the trend.
For Short Signals (Red 'Short' Tag):
Look for the 15m EMA to be red and trending downwards.
Wait for price to pull back towards the orange 5m EMA.
A "Short" signal appears when momentum indicators confirm a reversal back in the direction of the trend.
This tool provides high-probability signals, not guarantees. It is designed to be a core component of a complete trading plan. Always use proper risk management and confluence from your own analysis.
Fine-Tuning & Customization
All settings are fully adjustable in the script's "Inputs" tab to match your risk tolerance and market conditions.
Timeframe & EMA Settings: Adjust the core moving averages that define the trend and pullback zones.
Pullback Settings: Define what constitutes a valid pullback by adjusting the lookback period and the size of the ATR-based "near" zone.
Quality Filters: This is the most important section for tailoring the script's strictness. Increase the EMA Slope, RSI Dead Zone, or Signal Cooldown to receive fewer but potentially higher-quality signals.
Advanced Filters: Enable or disable the Pullback Quality and Volatility filters for an extra layer of confirmation or risk management.
No-Trade Zone Highlighter: Adjust the session and timezone to highlight periods you wish to avoid, such as news events or low-liquidity hours.
Happy trading, and please use this tool responsibly.
Trimmed ATR🧠 **Brief Description**:
Trimmed ATR is a modified volatility indicator that removes extreme values from the ATR calculation. This makes it more reliable for analyzing market conditions and filters out "noise" spikes. It is particularly useful for setting stop-losses and in strategies sensitive to false volatility.
🧾 **How Does Trimmed ATR Work?**
📌 For each bar:
- True Range (TR) is calculated.
- A sliding window of the last N TR values (where N = length) is stored.
- The TR list is sorted, and trimPercent % is cut off from each side:
- The smallest and largest values are removed.
- The remaining values are averaged → Trimmed ATR.
🔍 **Why Is This Important?**
Regular ATR can be distorted by outliers:
- A single spike can sharply inflate the ATR.
- This creates a false impression of market volatility.
🎯 Trimmed ATR solves this by eliminating the impact of anomalies, providing a more stable and accurate volatility measure.
📈 **What Does It Mean If Trimmed ATR Is Higher or Lower Than Regular ATR?**
🔵 **Trimmed ATR is lower than ATR** — this is normal:
- There are isolated TR spikes (high volatility on 1–2 bars).
- ATR increases, including these outliers.
- Trimmed ATR discards them → reflects the true average market background.
🧠 This is the most common case, indicating: a spike occurred, but the market is generally calm.
🟠 **Trimmed ATR is higher than ATR** — a rare but important signal:
- There were artificially low TR values (very small movements).
- ATR becomes too low.
- Trimmed ATR discards these "quiet" periods → provides a more realistic volatility estimate.
⚠️ This may indicate:
- Hidden pressure.
- Preparation for a breakout from a tight range.
- Underestimated volatility.
💡 **Applications**:
- **Trailing Stop**: Trimmed ATR helps avoid stop triggers due to noise.
- **Trend Filter**: Better reflects the "true" market dynamics.
- **Strategy Backtesting**: Eliminates distortions in volatility calculations.
MarketCapLibrary2Library "MarketCapLibrary2"
setMarketCapMap(m)
Parameters:
m (map)
getMarketCap(ticker)
Parameters:
ticker (string)
MarketCapLibrary1Library "MarketCapLibrary1"
setMarketCapMap(m)
Parameters:
m (map)
getMarketCap(ticker)
Parameters:
ticker (string)
