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FVG + Breaker Block v8.6This indicator helps you identify FVGs, inverse FVGs (which are marked with a dashed line in the middle of the FVG) and potential Breaker Blocks on every time frame. You can spot 4 different types of BBs: highly potential bullish and bearish BBs are colored blue and red, and the less potential bullish and bearish BBs are colored magenta and orange, but you can change the colors to your desire. Due to internal constraints of TradingView there is a limit on how many boxes you can plot on your screen so it is advisable not to increase the "Max Bars Back to keep FVG (candles)" above 100 or TV will not be able to plot many BB´s due to its internal limits. Increasing the number above 100 will limit the quantity of BBs boxes to be plot on TradingView.
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R0661e tarafından
paigep.llc - SuperMASuperMA is a multi-layered moving-average and candle-coloring system that combines SMA, EMA, and optional HMA logic to help traders visualize trend shifts, pullbacks, and momentum changes in a clean, structured way. The script includes multiple modules: trend-based moving averages, pullback signals, exit logic, and an optional HMA cross engine. 📌 Core Features 1. Full SMA + EMA Framework The indicator plots multiple moving averages (8, 9, 13, 20, 50, 200) using both SMA and EMA calculations. Each line automatically colors bullish or bearish based on its relationship to the 200-period baseline.Users can toggle SMAs and EMAs independently for clearer chart control. 2. Main Trend Entry & Exit Logic (8×200 and 8×20) Built-in crossover logic detects: Main Entry: SMA 8 crossing above/below EMA 200 Main Exit: SMA 8 and SMA 20 cross (with an option to choose which SMA is treated as the “fast” leg) A “first exit only” option allows the script to ignore additional exit signals until a new trend regime begins. 3. Pullback Module (20 SMA Interaction) Pullback entries and exits occur when price crosses the 20 SMA during existing trend conditions. This includes: Pullback entries through the 20 SMA Pullback exits back across the 20 SMA Labels and candle colors are available for all pullback events. 4. Optional HMA Cross Module A separate module allows traders to use two Hull Moving Averages (HMA) with customizable: Lengths Independent timeframes Line colors Cross-based entries and exits This module has its own events, labels, and optional candle coloring. 5. Advanced Candle Coloring System Candle coloring is layered in priority order, based on: Main trend entries Main exits HMA entries HMA exits Pullback entries Pullback exits Trend-only candles (based on SMA 8 relative to EMA 200) Users may also independently color wicks and borders. 6. Configurable Alerts (Fully Decoupled from Visuals) Alerts are available for all major events, including: Main Entries (8×200) Main Exits (8×20) Pullback Entries and Exits HMA Entries and Exits Bull or Bear Trend candles Any colored candle event Alerts can fire on bar close only or intrabar, depending on user preference. 📌 Use Cases SuperMA helps traders visualize: Trend direction using SMA/EMA structure Momentum shifts through HMA crosses Pullback zones around the 20 SMA Early regime transitions based on the 8×200 relationship Candle-level context through color-coded bars The indicator works across all markets and timeframes. ⚠️ Note This tool is for visual and analytical assistance only. It does not guarantee future performance and should be combined with additional analysis and risk management.
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paigepllc tarafından
[ICT] [SMC] True Market Structure [TDT]Introduction The True Market Structure indicator is designed to help Smart Money Concepts (SMC) and ICT traders visualize the "True" mechanical structure of the market. Unlike standard ZigZag indicators that often repaint or react to minor noise, this script utilizes a strict Fractal Swing algorithm to identify valid Highs and Lows. It automatically maps out the market trend by distinguishing between BOS (Break of Structure) for trend continuation and CHoCH (Change of Character) for trend reversals, while highlighting the "Protected" or "Strong" structural points. How It Works The indicator relies on a generic fractal calculation (Swing High/Low) determined by the user-defined length. Trend Identification: The script tracks a state machine (Bullish/Bearish). Weak Structure (Target): In a bullish trend, the recent High is the "Weak High" (the target to break). Strong Structure (Protected): The Low responsible for breaking the High becomes the "Strong Low." BOS vs. CHoCH: BOS: When price breaks a Weak High (in an uptrend), it confirms continuation. CHoCH: When price breaks a Strong Low (in an uptrend), it signals a potential reversal. Key Features True Fractal Detection: Uses a centered lookback period (Input: Swing Fractal Length) to find significant pivot points. Confirmation Modes: Choose between candle Close (more conservative, filters wicks) or High/Low (more aggressive) for structure breaks. Structure Mapping: Solid Lines: Represent BOS (Trend Continuation). Dashed Lines: Represent CHoCH (Trend Reversal). Origin Dots (Protected Levels): These dots mark the exact swing point that caused the break. Usage: In an uptrend, the dot marks the Strong Low. If price closes below this dot, the trend flips. Settings Guide Swing Fractal Length: The lookback period to define a Swing High/Low. Default: 3 (Standard ICT Intermediate Term High/Low). Increase this number to see higher timeframe structure (e.g., set to 10-20 for major swings). Break Confirmation: Close: Price body must close beyond the structure level to confirm a break. High/Low: A wick breaking the level is sufficient. Visuals: Toggle lines and dots on/off and customize colors to fit your chart theme. How to Use (Trading Strategy) Trend Following: Wait for a BOS (Solid Line). Identify the Origin Dot created by that move. This is your "Protected Low/High." Look for entries (FVG/Order Blocks) between the current price and that Dot. Reversal Trading: Watch for a CHoCH (Dashed Line). This indicates the "Strong Structure" has failed, and the bias has shifted. Stop Placement: The Origin Dots serve as excellent invalidation points for Stop Losses. Disclaimer This tool is for educational purposes and market analysis only. It does not provide financial advice or guarantee future results. Always manage your risk.
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thedisplacementtrader tarafından
9
Dual Donchian Channels- LockwoodDescription This indicator plots two Donchian Channels on the same chart, each using a different user-defined lookback period. A Donchian Channel shows the highest high and lowest low over a selected number of bars, helping identify breakouts, volatility, and trend conditions. Features Two independent Donchian Channels Customizable lookback periods and colors Upper, middle, and lower lines for each channel Channels automatically adjust and stay anchored to price levels when the chart is scaled or moved Useful for identifying volatility contractions, trend breakouts, and support/resistance zones
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asltrader tarafından
Ghost Matrix [Bit2Billions]Ghost Matrix — Institutional Market Structure Engine *A unified price-mapping system built on original logic, designed for professional-grade market structure analysis.* Ghost Matrix is a closed-source script engineered to give traders a single, coherent view of liquidity, structure, swings, trend pressure, and institutional behavior across all time horizons. It is not a mashup of public indicators. Every module is built around the same proprietary internal engines, ensuring consistency, originality, and practical trading value. The script’s purpose is to solve a common problem among traders: multiple indicators producing conflicting signals. Ghost Matrix consolidates structure, liquidity, momentum, zone logic, and higher-timeframe context into one synchronized framework. Ghost Matrix is driven by three custom systems: 1. Proprietary Swing & Pivot Engine (Ghost Swing Engine) This engine determines market turning points using: * Adaptive displacement logic * Dynamic pivot length calculations * Fractal-strength scoring * Multi-tier swing confirmation These swings act as the foundation for BOS, CHoCH, liquidity lines, and zone detection. This method is not based on standard fractals, ZigZag, or public swing scripts. 2. Structural Mapping Engine (Institutional Model Layer) This system evaluates structure in the same narrative sequence used by advanced traders: * Internal vs. external structure * Trend progression vs. structural failure * Strength/weakness of highs & lows * Volatility-based CHoCH/BOS validation This ensures structure is not drawn based on a single candle pattern, but from a multi-step decision model. 3. Adaptive Confluence Engine Trend, volume, zones, and momentum modules respond to the structure engine, producing *contextual* signals instead of isolated indicators. This includes: * Adaptive moving average engine (custom smoothing + gradient logic) * Demand/supply zones derived from momentum + displacement + volume footprints * Ichimoku behavior model (crosses, twists, regime shifts) * Multi-pivot target engine This creates a full ecosystem rather than individual tools merged together. Why This Script Has Genuine Value ✔ A unified structural ecosystem (not a mashup) Every module connects to the same logic layers so the chart tells one consistent story. ✔ Proprietary decision-making logic Swing detection, structure interpretation, liquidity lines, and zones are built from original formulas—not from built-ins or simple replications. ✔ A visual-first trading workflow All visuals are designed for institutional-style reading: * Structure confirmation * Liquidity reach & sweep behavior * Swing-to-fractal alignment * Momentum vs. structural conflict * Regime shifts through Ichimoku + MA pressure ✔ Designed for traders who rely on narrative-based execution The indicator replaces: * Manual swing marking * Structure identification * BOS/CHOCH tracking * Liquidity mapping * Zone drawing * Trend mapping * Volume context * HTF candle overlays All in a single, consistent tool. Key Components & Intent Market Structure Module (ICT/SMC Integration) Detects: * BOS / CHOCH * BMS / SMS * Internal / external structure * IDM * Liquidity lines (LQDT / Dynamic LQDT) * FVG, EQH, EQL * Strong/weak swing points Purpose: provide a complete reading of institutional structure transitions. Swing Visualization Includes: * Swing highs/lows * Horizontal levels * Connector lines * Extension shadows * Swing summary tables Purpose: show turning points with clarity and narrative continuity. Demand & Supply Zone Engine Zones consider: * Momentum displacement * Volume presence * Swing strength * Structural side (pro-trend vs. corrective) Purpose: highlight zones institutional traders monitor. Adaptive Trend Model Custom gradient-based MA system that reacts to: * Volatility * Momentum shifts * Directional strength Purpose: provide dynamic trend insight, not static MA interpretation. Ichimoku Regime State (Modified) Includes: * TK Cross * Kijun Cross * Chikou interactions * Kumo breakouts + twists Purpose: define regime shifts and trend environments. Aggregated Candles (Enhanced Same-Timeframe View) Provides a refined, information-rich candle structure using the current chart’s timeframe only, offering deeper behavior insights without switching charts. Dashboard Shows: * Swing direction * CISD structure state * Fractal alignment % * Ichimoku events * Consolidated signals Visual Design (Clutter-Free Standard) * Only real-time labels appear; historical labels stay hidden for clarity. * Consistent, structured line styles: * Trendlines: solid green/red * CHOCH: dashed red/green * BOS: solid red/green * LQDT/Dynamic: yellow dotted * EQH/EQL: red/green dotted * CISD & IDM: gray dotted This color logic helps traders read structure quickly. Recommended Use * Best on: 15m, 1H, 4H, Daily, Weekly * Works across: crypto, forex, indices, liquid equities * Pivot tools may show noise on illiquid markets Performance Notes * Heavy modules can draw many objects → disable what you don’t need * Refresh chart if historical buffer limits are reached * All TV object limits are handled internally License * proprietary script © 2025 * Independently developed logic and visualization system * Redistribution, resale, sharing, or decompilation strictly prohibited * Any similarity to public concepts is due to overlap with common trading methodologies Disclaimer This tool is for educational and research purposes only. Not financial advice. Always test responsibly. FAQs * Source is intentionally closed * Alerts can be manually created * Modules can be toggled * Designed for multi-market, multi-timeframe workflow About Ghost Trading Suite Author: BIT2BILLIONS Project: Ghost Trading Suite © 2025 Indicators: Ghost Matrix, Ghost Protocol, Ghost Cipher, Ghost Shadow Strategies: Ghost Robo, Ghost Robo Plus Pine Version: V6 The Ghost Trading Suite is designed to simplify and automate many aspects of chart analysis. It helps traders identify market structure, divergences, support and resistance levels, and momentum efficiently, reducing manual charting time. The suite includes several integrated tools — such as Ghost Matrix, Ghost Protocol, Ghost Cipher, Ghost Shadow, Ghost Robo, and Ghost Robo Plus — each combining analytical modules for enhanced clarity in trend direction, volatility, pivot detection, and momentum tracking. Together, these tools form a cohesive framework that assists in visualizing market behavior, measuring momentum, detecting pivots, and analyzing price structure effectively. This project focuses on providing adaptable and professional-grade tools that turn complex market data into clear, actionable insights for technical analysis. Crafted with 💖 by BIT2BILLIONS for Traders. That's All Folks! Changelog v1.0 — Core Release * Added Custom Heikin-Ashi Candles for dust-free, clutter-free charting. * Introduced Price Line overlay for clean close-price visualization. * Implemented Adaptive Moving Averages with smooth transitions and gradient coloring. * Added Intelligent Swing Detection with horizontal lines, shadow extensions, connectors, labels, and summary tables. * Introduced full Market Structure (ICT & SMC) Mapping including short-, mid-, and long-term structures, IDM, LQDT, Dynamic LQDT, CISD, FVGs, EQH, EQL, premium/discount zones, weak/strong highs and lows, and order blocks. * Added Demand & Supply Zones with adaptive institutional detection, highlighted boxes, and auto-labeling. * Integrated Targets (Pivot Systems) supporting Camarilla, Fibonacci, Woodie, and other pivot levels. * Added Aggregated Candles combining real-time and historical data for multi-timeframe analysis. * Added General Dashboard consolidating swing direction, CISD state, structure alignment, Ichimoku signals, and overall market overview. * Included Trend Lines & Ichimoku Modules for enhanced visual market context.
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bit2billions tarafından
VWAP SESSION BUY SELL STRATEGY (INDICATOR) (PDK1977)VWAP SESSION BUY SELL STRATEGY (INDICATOR) (PDK1977) This indicator combines the proven UT Bot breakout engine but with VWAP directional filtering and ATR-based take profit levels. It delivers clean, high-probability trend entries and automatic volatility-calibrated exits. How it works: Buy only when price is above VWAP Sell only when price is below VWAP UT Bot confirms momentum with ATR-based trailing logic ATR Take Profit gives consistent exits based on volatility Bars turn green/red only while in a trade, back to normal after TP Best For: Intraday and swing trading Indices, FX, crypto, and high-volume stocks but also for Forex with right TF and settings Traders who want clean signals and minimal noise 2. Trade Checklist: Use this before every entry. Quick, simple, reliable. BUY Checklist: Price confirmed above VWAP Label prints BUY Enter on Buy label (on bar close) → Hold until ATR TP hits SELL Checklist: Price below VWAP Label prints SELL Enter on Sell label → Hold until ATR TP hits Avoid Entries When: Price is chopping tightly around VWAP Major news events are about to release Volume is extremely low ATR is shrinking rapidly (market compression) 3. Risk-Management Guide This is tailored to how your system actually behaves. 1. Use ATR TP as Primary Exit: The system automatically calculates a TP based on volatility: High volatility → larger TP Low volatility → smaller TP This keeps trades consistent and avoids lingering too long. 2. Stop-Loss Recommendation This strategy is designed for TP-only exits, but if you want a SL: Recommended Stop-Loss: Use ATR’s opposite trail, OR Use 1 × ATR behind your entry candle This matches the system's internal logic. 3. Position Sizing Since this system enters during momentum expansions, use: 1–2% max risk per trade Reduce risk during high-impact news sessions 4. Understand VWAP Environment Different VWAP conditions require different expectations: Strong Trend (price far from VWAP) Higher TP probability Fewer whipsaws Excellent continuation setups Chop Zone (price flips above/below VWAP) Do NOT trade Signals lose edge Wait for a clean break + UT confirmation 5. Choose Correct VWAP Reset for your trading and session This dramatically improves results. Market Recommended VWAP Reset US Stocks New York Session Indices Daily Forex London or New York Crypto Daily or None 4. Final Tips for Best Performance ✔ Enter only in the direction of VWAP ✔ Don’t chase signals far away from entry candle ✔ Avoid trading right into major support/resistance ✔ ATR TP will handle exits mostly Disclaimer This script is provided for educational and informational purposes only. It does not constitute financial advice, investment advice, trading advice, or any form of recommendation to buy or sell any financial instrument. The auto take no responsibility for loss or error in the script.
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PDK1977 tarafından
3
EMA 7/21 + SuperTrend INDICADOR CREADO PARA MI ESTRATEGIA That sounds like a complex and multi-layered trading indicator you've developed! Combining an Exponential Moving Average (EMA) crossover with an Average Directional Index (ADX) filter, a Volume filter, and a Supertrend for overall trend confirmation can certainly help to filter out false signals and potentially increase the reliability of your entry and exit points.Here's a breakdown of the components you're using and why this combination can be powerful:📊 Indicator Components and Their Roles1. 7/21 EMA Crossover (Signal Generator)The $7$-period EMA and $21$-period EMA crossover is a common strategy used to generate initial buy or sell signals.Buy Signal: The short-term EMA (7) crosses above the long-term EMA (21).Sell Signal: The short-term EMA (7) crosses below the long-term EMA (21).2. ADX DI Filter (Momentum and Direction)The Average Directional Index (ADX) and its directional indicators ($+DI$ and $-DI$) are key to confirming the strength and direction of the move.Directional Confirmation: The EMA crossover must be confirmed by the appropriate directional index. For a buy, the $+DI$ should be above the $-DI$. For a sell, the $-DI$ should be above the $+DI$.Trend Strength ( NYSE:ADX $): A rising NYSE:ADX $ (typically above 20 or 25) suggests the current trend has sufficient momentum, making the signal more reliable.3. Volume Filter (Conviction)Adding a Volume filter ensures that the price movement accompanying the EMA crossover is supported by significant trading activity.Confirmation: A strong signal (buy or sell) is often accompanied by above-average volume. This suggests that market participants are actively supporting the move, adding conviction to the trade.4. Supertrend (Overall Trend Confirmation)The Supertrend indicator is based on the Average True Range (ATR) and is excellent for identifying the dominant market trend.Trend Alignment: The EMA crossover signal should align with the Supertrend's current signal. For a buy signal, the price should be above the Supertrend line (green). For a sell signal, the price should be below the Supertrend line (red). This helps ensure you are trading with the prevailing trend.📈 Why This is a Powerful CombinationYour indicator is essentially a multi-stage confirmation system:Speed (7/21 EMA): Generates a fast, responsive signal.Momentum (ADX DI): Confirms the direction and strength of the signal.Conviction (Volume): Validates the signal with market participation.Safety/Trend (Supertrend): Ensures the trade is in the direction of the long-term trend.The Informative Panel is a great feature, as it simplifies the decision-making process by summarizing the findings of all these components—e.g., "BUY: EMA Crossover $\checkmark$, +DI > -DI $\checkmark$, High Volume $\checkmark$, Supertrend Green $\checkmark$."💡 Next Steps for RefinementTo finalize and test this indicator, you may want to consider:Parameter Optimization: The best settings for the ADX level (e.g., 20 vs. 25) and the Supertrend ATR parameters may need to be optimized for the specific asset (e.g., stocks, forex) and timeframe you are using.Exit Strategy: Since this primarily focuses on entries, define clear Stop-Loss (perhaps based on the Supertrend line or a recent swing low/high) and Take-Profit (e.g., a fixed Risk/Reward ratio or previous resistance/support levels) rules.Would you like to explore specific parameters for any of these components or look into ways to backtest your strategy?
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acgcapital tarafından
paigep.llc - SuperMA SuperMA is a multi-layered moving-average and candle-coloring system that combines SMA, EMA, and optional HMA logic to help traders visualize trend shifts, pullbacks, and momentum changes in a clean, structured way. The script includes multiple modules: trend-based moving averages, pullback signals, exit logic, and an optional HMA cross engine. 📌 Core Features 1. Full SMA + EMA Framework The indicator plots multiple moving averages (8, 9, 13, 20, 50, 200) using both SMA and EMA calculations. Each line automatically colors bullish or bearish based on its relationship to the 200-period baseline. Users can toggle SMAs and EMAs independently for clearer chart control. 2. Main Trend Entry & Exit Logic (8×200 and 8×20) Built-in crossover logic detects: Main Entry: SMA 8 crossing above/below EMA 200 Main Exit: SMA 8 and SMA 20 cross (with an option to choose which SMA is treated as the “fast” leg) A “first exit only” option allows the script to ignore additional exit signals until a new trend regime begins. 3. Pullback Module (20 SMA Interaction) Pullback entries and exits occur when price crosses the 20 SMA during existing trend conditions. This includes: Pullback entries through the 20 SMA Pullback exits back across the 20 SMA Labels and candle colors are available for all pullback events. 4. Optional HMA Cross Module A separate module allows traders to use two Hull Moving Averages (HMA) with customizable: Lengths Independent timeframes Line colors Cross-based entries and exits This module has its own events, labels, and optional candle coloring. 5. Advanced Candle Coloring System Candle coloring is layered in priority order, based on: Main trend entries Main exits HMA entries HMA exits Pullback entries Pullback exits Trend-only candles (based on SMA 8 relative to EMA 200) Users may also independently color wicks and borders. 6. Configurable Alerts (Fully Decoupled from Visuals) Alerts are available for all major events, including: Main Entries (8×200) Main Exits (8×20) Pullback Entries and Exits HMA Entries and Exits Bull or Bear Trend candles Any colored candle event Alerts can fire on bar close only or intrabar, depending on user preference. Use Cases SuperMA helps traders visualize: Trend direction using SMA/EMA structure Momentum shifts through HMA crosses Pullback zones around the 20 SMA Early regime transitions based on the 8×200 relationship Candle-level context through color-coded bars The indicator works across all markets and timeframes. ⚠️ Note This tool is for visual and analytical assistance only. It does not guarantee future performance and should be combined with additional analysis and risk management.
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paigepllc tarafından
1
Josh FXJoshFX Multi-Timeframe Levels & Fair Value Gap Indicator This powerful TradingView indicator provides a comprehensive view of key market levels and trends across multiple timeframes. Designed for traders who want precise entries and market context, it includes: Previous Daily Levels: Automatically marks the previous day’s High, Low, and 50% midpoint. Multi-Timeframe Trend: Displays the trend direction for 5-minute, 15-minute, 1-hour, and 4-hour charts directly on your current chart. Daily Candle Display: Shows the current daily candle for quick visual reference. Pivot Points: Accurately marks technical highs and lows (pivot points) to the exact unit on the chart. Fair Value Gaps (FVGs): Highlights areas of imbalance for potential high-probability trade setups. JoshFX Telegram Watermark: Includes branding for the JoshFX community. This all-in-one tool is perfect for traders combining price action, liquidity concepts, and multi-timeframe analysis to find high-quality setups efficiently.
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JoshcFX tarafından
1
[algsc][16STOCH][MLB+MBS][LineBreak+Renko][Price+CVD] ALPHA CONFLUENCE ENGINE — 16×2 Noiseless Multi-Chart Score System (Private) Proprietary fusion of 16 advanced noiseless chart structures (32 total layers) simultaneously analyzing both pure price momentum and institutional Cumulative Volume Delta flow. The indicator continuously tracks 16 independent scoring systems across two completely different non-time-based chart engines, delivering a single ultra-clean confluence reading: • Real-time 4-way score display directly on chart • Large institutional-grade B / S arrows only when extreme alignment occurs across multiple hidden layers • Zero repainting · Zero lag · Works on every market and timeframe This is the same internal confluence tool used in our private trading group — now available as a closed-source, high-precision signal engine. Strictly limited access. For serious traders only. products.algscience@gmail.com
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algscience tarafından
Journal Diario Manual [KEKG]📊 Daily Trading Journal – Manual Profit & Risk Tracker This indicator is a clean, fully customizable daily trading journal designed to help traders manually track their performance directly on the chart. ✅ Features: • Manual input for: • Take Profits (TP) • Stop Losses (SL) • Total TP Pips • Total SL Pips • Automatic Profit (Pips) calculation: • Shows + in green for positive results • Shows − in red for negative results • Customizable reset system: • Reset by Day • Reset by Week • Manual reset • Optional reset at a specific time (AM/PM) • Each reset method can be turned ON or OFF • Fully adjustable colors: • Default TP color: #66BB6A • Default SL color: #F23645 • Editable profit colors and panel background • Movable panel position (any screen corner) • Transparent background by default • Clean, left-aligned professional layout 🎯 Purpose: This tool is built for discipline, consistency, and performance tracking, helping traders stay aware of: • Daily results • Total risk • Overall profitability Perfect for Forex, Indices, Commodities, and Crypto traders who want a simple but powerful on-chart journal without automation or broker connection.
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Keeko12 tarafından
LiquidityPulse RSI Candle Strength MomentumLiquidity-Pulse RSI Candle Strength Momentum is a multifunctional and original candle-analysis tool designed to highlight the potential internal strength of each candle using a combination of body size and volume. To view the candle-strength scores clearly: right-click on the chart, go to Settings, and in the Symbol tab untick Body, Borders and Wicks. Candle Strength Scores The indicator calculates the average body size and average volume over a user-defined lookback period. Each candle is then compared to these averages, and the indicator combines relative body expansion and relative volume expansion with a square-root calculation to create a (normalised) candle-strength score from 1 to 10. 10 – exceptionally strong compared to the lookback average (large body size and volume) 1 – very weak compared to the lookback average (small body size and volume) Bullish and bearish candles are evaluated independently, producing separate bull-strength and bear-strength scores. Optional ATR and volume floors can be enabled to restrict strength scoring to candles that exceed a minimum volatility or participation threshold. This helps users who prefer to filter out low-impact candles during quiet market periods. This option can be enabled or adjusted in the settings but is turned off by default. Candle Colours This tool also shows candles coloured based on the candle-strength scores (10 colours in each theme), which makes it easier to visualise the scores and see whether the candle score was high or not. There are several options in the 'colour theme' dropdown menu in the settings. Users can also customise all colours manually. RSI Candle Strength Arrows The Relative Strength Index is a long-established momentum tool that calculates the ratio of average upward moves to average downward moves over a defined period, allowing traders to identify potential overbought and oversold market conditions where momentum may be stretched. As well as this, strong early momentum and participation are often associated with more sustained moves. This indicator combines this methodology and provides optional arrows that appear only when candle strength and RSI conditions align: – A candle meets or exceeds a chosen strength threshold – RSI has recently reached an overbought or oversold level – The candle direction matches the expected momentum shift For example, if price has reached an oversold RSI level and a strong bullish candle forms (high candle-strength number), an upside arrow may plot. Users can customise the RSI oversold and overbought thresholds, the minimum candle-strength threshold, and how many bars back the RSI condition must have occurred in the settings. These arrows are not buy or sell signals but instead highlight rare moments where strong candle behaviour aligns with meaningful RSI extremes. This is useful to users because it allows the candle-strength logic to be applied only when momentum is genuinely stretched, filtering out noise and focusing attention on the most statistically significant market moves. This indicator brings together a quantitative candle-strength model and a momentum-based RSI filter to give users a clearer view of how individual candles behave relative to their recent environment, while also highlighting when those movements occur during meaningful shifts in market momentum. By combining both forms of analysis, the tool helps traders distinguish ordinary price changes from potentially significant structural behaviour. How traders can use this indicator – Stronger candle scores in the trend direction can confirm continuation pressure. – Powerful opposing candles appearing at RSI extremes may signal potential reversals or exhaustion points. – If breakouts occur with high candle scores, price may be more likely to follow through. – Weak candles with low scores help traders avoid false signals or low-quality setups. – Candle-strength scoring helps users quickly interpret both volume and candle-body behaviour without manual analysis. Open source, if anyone has any ideas on how to make the script better or have any questions please let me know :) Disclaimer This indicator is provided for educational and analytical purposes only and should not be interpreted as financial advice or a recommendation to buy or sell any asset. The candle-strength values displayed by this tool are not literal or definitive measures of market strength; they are derived from a custom mathematical model designed to highlight relative differences in candle behaviour. These values should be viewed as a simplified representation of candle dynamics, not as an objective or universal measure of strength. Users should be aware that this calculation does not replace the importance of analysing real traded volume, order flow, liquidity conditions, or broader market context. As with any technical tool, results should be considered alongside other forms of analysis, and past performance does not guarantee future outcomes. Use at your own discretion and risk.
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Liquidity-Pulse tarafından