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Pattern Match & Forward Projection (v5.7) Pattern Match & Forward Projection – come funziona davvero questo indicatore 🔍📈 Ciao a tutti! Oggi vi presento un indicatore che ho sviluppato e che sto testando da tempo: Pattern Match & Forward Projection. L’idea è semplice: se il mercato tende a ripetere strutture simili, allora possiamo cercare nel passato i “fratelli gemelli” del movimento attuale e proiettarne il possibile sviluppo nei giorni successivi. 🔧 Come funziona Analisi storica: l’indicatore scansiona il grafico indietro nel tempo (es. 750 giorni di lookback). Ricerca dei match: viene confrontato l’andamento degli ultimi giorni con tutte le sequenze precedenti. Filtraggio: il sistema tiene solo i match che hanno un certo livello di somiglianza (definita dalla distanza media). Forward projection: da questi match, calcola come si sono mossi i prezzi nei giorni successivi e costruisce una curva media giornaliera (forward path). 📊 Cosa mostrano i dati Nel box laterale trovate: Match trovati → quante sequenze simili sono state individuate. Distanza media → quanto i match assomigliano al pattern attuale (più è bassa, meglio è). Media R(+10) → rendimento medio dopo 10 giorni. Hit% → la percentuale di volte in cui il rendimento è stato positivo. Curva media → la progressione giorno per giorno: +1d, +2d, … fino a +10d. ⚙️ Come regolare i filtri Lookback (giorni): quanti giorni nel passato scansionare. Più alto → più campioni, ma anche meno “puri”. Soglia distanza: stabilisce la tolleranza di somiglianza. Una soglia bassa → match più simili ma meno numerosi. Hit% richiesta: imposta la percentuale minima di successi per validare un pattern (es. 50%). Return filter: filtro sul rendimento medio richiesto (es. almeno +1%). ✅ Vantaggi Vi dà una statistica concreta, non solo un “pattern a occhio”. Permette di stimare probabilità e magnitudo attesa di un movimento. È totalmente adattabile al vostro stile (più stretto e selettivo, o più ampio e inclusivo). ⚠️ Limiti Non è un “oracolo”: ogni forward projection è una media statistica, non una certezza. Va usato insieme ad altre analisi (volumi, livelli tecnici, macro, ecc.) e sempre con gestione del rischio. 👉 Fatemi sapere nei commenti come vi piacerebbe usare questo strumento: più per il breve periodo (1–5 giorni) o per una visione più lunga (10–20 giorni)? Pattern Match & Forward Projection – how this indicator really works 🔍📈 Hi everyone! Today I want to share an indicator I’ve been developing and testing: Pattern Match & Forward Projection. The idea is simple: if markets tend to repeat similar structures, we can search the past for “twin brothers” of the current move and project their possible outcomes into the next days. 🔧 How it works Historical scan: the indicator looks back through the chart (e.g. 750 days). Pattern matching: it compares the recent price sequence with all past ones. Filtering: only matches that meet a certain similarity threshold (average distance) are kept. Forward projection: from these matches, it calculates how price moved in the following days and builds a daily average forward curve. 📊 What the data shows In the side panel you’ll find: Matches found → number of similar sequences detected. Average distance → how close the matches are to the current pattern (lower = better). Mean R(+10) → average return after 10 days. Hit% → percentage of times the return was positive. Forward curve → expected progression day by day: +1d, +2d … up to +10d. ⚙️ How to tune the filters Lookback (days): how far back in history to search. Higher = more samples, but less “pure”. Distance threshold: tolerance of similarity. Lower = closer matches but fewer of them. Hit% requirement: minimum success rate to validate a pattern (e.g. 50%). Return filter: minimum average return required (e.g. ≥ +1%). ✅ Advantages Provides statistical evidence, not just a visual guess. Estimates both probability and expected magnitude of a move. Fully adjustable to your trading style (tight & selective or broad & inclusive). ⚠️ Limitations This is not an oracle: each forward projection is a statistical average, not a guarantee. It should always be combined with other analysis (volume, key levels, macro context) and proper risk management. 👉 Let me know in the comments how you’d use this tool: more for the short term (1–5 days) or for a longer outlook (10–20 days)?
Pine Script® göstergesi
MarcoPernice tarafından
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Weis Wave Candle█Overview The Weis Wave Candle indicator is a technical tool designed for the TradingView platform, enabling traders to analyze market dynamics by identifying price waves. The indicator relies solely on candlestick data, making it functional on markets where volume data is unavailable. It employs two trend detection methods, dynamic color gradients, trend change alerts, and clear visualization to assist in identifying trend strength and potential reversal points. █Concept The Weis Wave Candle indicator was developed to overcome limitations associated with the lack of volume data in certain markets, offering an alternative to traditional volume-based indicators like Weis Wave. Instead of volume, it measures candle size (body or body plus half the candle range) and accumulates it within a price wave. The indicator includes two trend calculation methods: -LazyBear Style: Based on the popular Weis Wave adaptation by LazyBear, likely the most recognized version of this tool, it uses closing price comparisons and trend confirmation via trend functions. Results may differ from the original Weis Wave, as candle size does not always align with volume. -Impulse Trend: A method that evaluates trend strength by summing price movements over a specified period, where each candle with a higher close than the previous adds +1, a lower close subtracts -1, and no change adds 0. The trend strength is determined by the sum: positive indicates an uptrend, negative a downtrend, and zero a continuation of the prior trend. Results are visualized using dynamic color gradients, and alerts notify users of trend direction changes, facilitating quick decision-making. █Why Use It? -Volume-Free Operation: Ideal for markets without volume data. -Flexibility: Two trend detection methods allow adaptation to various trading strategies. -Dynamic Visualization: Color gradients and semi-transparent backgrounds simplify quick interpretation of trend strength. -Alerts: Notifications for trend changes (from uptrend to downtrend and vice versa) support active trading. -Customization: Options to adjust colors, analysis periods, and candle shadow inclusion. █How It Works? -Candle Size Calculation: Depending on the setting, candle size includes only the body (difference between close and open) or the body plus half the candle range (calculated as 0.5 * (high - low)) (setting Include candle shadows). -Trend Detection: LazyBear Style: Compares closing prices of adjacent candles to determine direction (uptrend, downtrend, or neutral) and confirms the trend using ta.rising or ta.falling functions over the specified period. Impulse Trend: Sums price movements over the analysis period (+1 for a candle with a higher close than the previous, -1 for a lower close, 0 for no change). A positive sum indicates an uptrend, a negative sum a downtrend, and zero a continuation of the prior trend. -Wave Accumulation: Candle sizes are accumulated within a single wave until the trend changes. -Normalization and Gradients: Wave values are normalized to a 0-100 scale solely for color gradient purposes, enabling dynamic color changes from base to intense, reflecting wave strength relative to historical values. The height of columns (representing waves) is not normalized and corresponds to the accumulated candle size. -Alerts: The indicator generates notifications when the wave direction changes (from uptrend to downtrend or vice versa), enabling quick responses to trend shifts. -Visualization: Upward and downward waves are plotted as columns with dynamic colors, and the chart background changes color for better visibility. █Settings and Customization -Trend Detection Method: Choose between LazyBear Style (default) and Impulse Trend. -Trend Analysis Period: Number of candles for trend analysis (default: 4). -Include Candle Shadows: Determines whether to include half the candle range (high - low) in addition to the body (default: enabled). -Lookback Period for Dynamic Thresholds: Number of candles to calculate the maximum and minimum wave values for color gradient normalization (default: 70). -Gradient Minimum/Maximum Value: Threshold values defining the normalization range for color gradients (default: 0/100). A lower minimum value reduces the threshold for lighter colors, while a higher maximum value increases the threshold for more intense colors. -Wave Colors: Options to select base and intense colors for upward and downward waves. -Alerts: Enable alerts in TradingView settings (Upward Trend Change and Downward Trend Change) for trend change notifications. █Usage Examples -Trend Analysis: Upward waves (green columns) indicate buying pressure, while downward waves (red columns) indicate selling pressure. The more intense the color, the stronger the wave relative to historical values. -Comparing Timeframes: Analyze trends across multiple timeframes (e.g., 1H, 4H, 1D) for broader context. For example, enter a position on the 4H timeframe after confirming trend alignment on 1H, 4H, and 1D, along with validation from a key level, such as a Fibonacci level or a Break of Structure (BOS). -Using Alerts: Configure alerts in TradingView to receive notifications of trend changes, useful for active trading. █Notes for Users -Experiment with the Trend Analysis Period and Include Candle Shadows settings to tailor the indicator to your market and timeframe. -Combine the indicator with other tools, such as support/resistance levels or RSI, to enhance signal accuracy. -The Impulse Trend method may be more sensitive to short-term price changes, while LazyBear Style performs better in clear trends. Results from LazyBear Style may differ from the original Weis Wave, as candle size does not always align with volume.
Pine Script® göstergesi
Uncle_the_shooter tarafından
ATR Move Tracker v1.0# ATR Move Tracker v1.0 - Purpose & Use Guide ## What Is This Indicator? ATR Move Tracker v1.0 is a trading tool that shows you whether a stock has moved "enough" for the day based on its historical patterns. It answers the question: **"Has this stock moved its typical daily amount yet?"** ## The Core Purpose Think of each stock as having a "daily personality" - some stocks naturally move $1 per day, others move $5 per day. This indicator: - **Shows the stock's Daily ATR** (its typical daily movement over 14 days) - **Tracks Today's Range** (how much it's actually moved today) - **Displays the gap** between typical and actual movement - **Provides visual progress** toward completing its normal daily range ## Practical Trading Applications ### **Entry Timing** - **Low Progress (0-30%)**: Stock hasn't moved much yet - potential opportunity if you expect movement - **Medium Progress (30-70%)**: Stock is moving normally - good for trend following - **High Progress (70-100%+**: Stock has moved a lot - be cautious of exhaustion ### **Exit Planning** - When the progress bar turns **green (100%+)**, the stock has exceeded its typical daily movement - Consider taking profits or tightening stops when Daily ATR is reached or exceeded - Use remaining "Need" amount to set realistic profit targets ### **Risk Management** - **Today's Range much smaller than Daily ATR**: Potential for more volatility - **Today's Range exceeds Daily ATR**: Stock may be overextended for the day - Adjust position sizes based on how much of the Daily ATR has been "used up" ## Real-World Example **Stock XYZ at 2:00 PM shows:** - Daily ATR: $4.00 (typically moves $4/day) - Daily Move: $2.50 (62%) - Need: $1.50 - Progress Bar: 62% filled (orange) **Interpretation:** XYZ has moved $2.50 of its typical $4.00 daily range. There's potentially $1.50 more movement available based on historical patterns. ## Key Benefits ✅ **Context for Price Movement**: Know if today's action is normal or unusual ✅ **Better Position Sizing**: Trade smaller when Daily ATR is nearly reached ✅ **Realistic Profit Targets**: Base targets on remaining Daily ATR potential ✅ **Works on All Timeframes**: See daily context even on 1-minute charts ✅ **Fully Customizable**: Position, colors, and ATR period adjustable ## Who Should Use This - **Day Traders**: Perfect for intraday volatility context - **Swing Traders**: Helps time entries based on daily movement patterns - **Options Traders**: Understand if implied volatility expectations are being met - **Any Trader**: Who wants to trade with historical volatility context This isn't a buy/sell signal - it's **volatility intelligence** that helps you make better trading decisions based on what's normal for each stock!
Pine Script® göstergesi
howie42gale tarafından
Supertrend Ravi Shinde📌 Multi-Timeframe Supertrend (MFT Supertrend) This indicator is a refined version of the classic Supertrend, designed with multi-timeframe flexibility for traders who rely on higher-timeframe confirmation while trading lower charts. 🔑 Key Features: Multi-Timeframe Analysis: Apply Supertrend from any higher timeframe (e.g., use 15m, 1h, or 1d Supertrend on a 5m chart). Clear Trend Identification: 🔴 Price below Supertrend → Bearish trend. 🟢 Price above Supertrend → Bullish trend. Customizable Parameters: Input ATR length, ATR multiplier, and timeframe of your choice. Visual Simplicity: Clean chart display with no clutter – just the essential Supertrend line.
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sincereZebra4732 tarafından
Bollinger Bands Difference Score Bollinger Bands Difference Score (TradingView – Pine Script v6) The **Bollinger Bands Difference Score** is a volatility-based scoring system designed to help traders quickly assess whether a stock is in a **strong trend, neutral zone, or weak setup**. It transforms the raw **Bollinger Band Width (BB-Diff)** into a **normalized score (0–100)** and classifies conditions with intuitive thresholds. --- ### 🔹 What is Bollinger Bands Difference (BB-Diff)? * **Bollinger Bands** are built from a moving average with upper and lower bands set by standard deviations. * The **difference (or width)** between the bands reflects market volatility. * A **high difference** = wide bands = strong volatility (breakout/trend). * A **low difference** = narrow bands = low volatility (consolidation). This indicator standardizes BB-Diff into a score and smooths it for cleaner signals. --- ### 🔹 Key Features 1. **BB-Diff Scoring System** * Converts Bollinger Band width into a **0–100 normalized score**. * Higher score → higher volatility/trend strength. * Lower score → consolidation or weaker momentum. 2. **Signal Levels** * **Strong Zone (≥ 70):** Indicates strong trend strength or expansion in volatility. * **Neutral Zone (40–70):** Sideways or undecided price action. * **Weak Zone (≤ 20):** Suggests very low volatility, potential upcoming squeeze. 3. **Score Smoothing** * Applies a moving average to reduce noise. * Helps avoid false signals during choppy markets. 4. **Visual Enhancements** * Plots the score as a line (0–100 scale). * Adds horizontal reference lines for **Strong**, **Neutral**, and **Weak** levels. * Background colors automatically highlight **bullish strength (green)** or **weakness (red)**. --- ### 🔹 How to Use * **Trend Confirmation:** Look for scores **above 70** → suggests trend continuation or volatility breakout. * **Consolidation Watch:** Scores in the **20 or below** zone may precede volatility squeezes → breakout setups. * **Neutral Zone:** Scores between **40–70** suggest sideways price action; avoid aggressive trades. * **Combine with Price Action:** Use with support/resistance, candlestick patterns, or momentum indicators for confirmation. --- ### 🔹 Best Practices * Great as a **volatility filter** before entries. * Use in combination with **RSI, MACD, or OBV** for directional bias. * Works well for **breakout trading** (when score rises from low levels). * Monitor on multiple timeframes for alignment. --- ✅ **In summary:** The **Bollinger Bands Difference Score** is a simple yet powerful tool that quantifies volatility strength into an actionable score, making it easier to spot strong trends, consolidation phases, and potential breakout opportunities.
Pine Script® göstergesi
raghavprakash05 tarafından
Tape Speed Pulse (Pace + Direction) [v6 + Climax]Tape Speed Pulse (Pace + Direction) One-liner: A lightweight “tape pulse” that turns intraday bursts of buying/selling into an easy-to-read histogram, with surge, slowdown, and climax (exhaustion) markers for fast decision-making. Use on sec and min charts. What it measures Pace (RVOL): current bar volume vs the recent average (smoothed). Direction proxy: uptick/downtick by comparing close to close . Pulse (histogram): direction × pace, so you see who’s pushing and how fast. Colors - Lime = Buy surge (pace ≥ threshold & upticking) - Red = Sell surge (pace ≥ threshold & downticking) - Teal = Buy pressure, sub-threshold - Orange = Sell pressure, sub-threshold - Faded/gray = Near-neutral pace (below the Neutral Band) Lines (toggleable) -White = Pace (RVOL) - Yellow = Slowdown line = a drop of X% from the last 30-bar peak pace Background tint mirrors the current state so you can glance risk: greenish for buy pressure, reddish for sell pressure. Signals & alerts - BUY surge – fires when pace crosses above the surge threshold with uptick direction (optional acceleration & uptick streak filters; cooldown prevents spam). - SELL surge – mirror logic to downside. - Slowdown – fires when pace crosses below the yellow slowdown line while direction ≤ 0 (early fade warning). Climax (exhaustion) - Buy Climax: previous bar was a buy surge with a large upper wick; current bar slows (below slowdown line) and direction ≤ 0. - Sell Climax: mirror (large lower wick → slowdown → direction ≥ 0). - Great for trimming/tight stops or fade setups at obvious spikes. - Create alerts via Add alert → Condition: this indicator → choose the specific alert (BUY surge, SELL surge, Slowdown, Buy Climax, Sell Climax). How to use it (playbook) - Longs (e.g., VWAP reclaim / micro pullback) - Only take entries when the pulse is teal→lime (buy pressure to buy surge). - Into prior highs/VWAP bands, take partials on lime spikes. - If you get a Slowdown dot and bars turn orange/red, tighten or exit. Shorts (failed reclaim / lower-high) - Look for teal→orange→red with rising pace at a level. - Add confidence if a Buy Climax printed right before (exhaustion). - Risk above the spike; don’t fight true ignitions out of bases. Simple guardrails - Avoid new longs when the histogram is orange/red; avoid new shorts when teal/lime. - Use with VWAP + 9/20 EMA or your levels. The pulse is confirmation, not the whole thesis. Inputs (what they do & when to tweak) - Pace lookback (bars) – window for average volume. Lower = faster; higher = steadier. Too jumpy? raise it. Missing quick bursts? lower it. - Smoothing EMA (bars) – smooths pace. Higher = calmer. Use 4–6 during the open; 3–4 midday. - Surge threshold (× RVOL) – how fast counts as a surge. Too many surges? raise it. Too late? lower it slightly. - Slowdown drop from 30-bar max (%) – how far below the recent peak pace to call a slowdown. Higher % = later slowdown; lower % = earlier warning. - Neutral band (× RVOL) – paces below this fade to gray. Raise to clean up noise; lower to see subtle pressure. - Min seconds between signals – cooldown to prevent spam. Increase in chop; reduce if you want more pings. - BUY/SELL: min consecutive upticks/downticks – tiny streak filter. Raise to avoid wiggles; lower for earlier signals. Require pace accelerating into signal – ON = avoid stall breakouts; OFF = earlier pings. Climax options: wick % threshold & “require slowdown cross”. Raise wick% / require cross to be stricter; lower to catch more fades. Quick presets - Low-float runner, 5–10s chart - Lookback 20, Smoothing 3–4, Surge 2.2–2.8, Slowdown 35–45, Neutral 1.0–1.2, Cooldown 15–25s, Streaks 2–3, Accel ON. - Thick large-cap, 1-min - Lookback 20–30, Smoothing 5–7, Surge 1.5–1.9, Slowdown 25–35, Neutral 0.8–1.0, Cooldown 30–60s, Streaks 2, Accel ON. - Open vs Midday vs Power Hour - Open: higher Surge, more Smoothing, longer Cooldown. - Midday: lower Surge, less Smoothing to catch subtler pushes. - Power hour: moderate Surge; keep Slowdown on for exits. Reading common patterns - Ignition (likely continuation): lime spike out of a base that holds above a level while pace stays above yellow. - Exhaustion (likely fade): lime spike late in a run with upper wick → Slowdown → orange/red. The Buy Climax diamond is your tell. Limits / notes This is an OHLCV-based proxy (TradingView Pine can’t read raw tape/DOM). It won’t match Bookmap/Jigsaw tick-for-tick, but it’s fast and objective. Use with levels and a risk plan. Past performance ≠ future results. Educational only.
Pine Script® göstergesi
THEBUNKER27 tarafından
Trend Analysis with High/Low IndicatorFeatures of this Script: Moving Average Trend Indicator: Select between SMA or EMA Adjustable length parameter Background color changes based on trend High/Low Indicator: Plots the highest high and lowest low over 50 periods Green line for highs, red line for lows Trend Change Table: Displays current trend direction with color coding (green for bullish, red for bearish) Shows MA type, length, and current value Indicates how many bars have passed since the last trend change Configurable position (top/bottom, left/right) Additional Features: Alert condition for trend changes Clean visual design with appropriate colors Fully customizable parameters This script provides a comprehensive view of market trends with visual indicators and a detailed information table to help identify trend changes quickly.
Pine Script® göstergesi
cesarmilenario tarafından
📊 Portafoglio Verticale Personalizzabile (5 Tickers, Net ROI)📊 Customizable Vertical Portfolio (5 Tickers, Net ROI) Type: Pine Script v6 Indicator (TradingView) Layout: Vertical table (up to 5 tickers + header) 🔹 Features Tracks up to 5 tickers simultaneously Table position selectable (top, middle, bottom; left, center, right) Customizable colors (header, rows, borders) Optional header display 🔹 Calculations For each ticker: Total cost = Entry price × Qty + Entry commissions Current value = Current price × Qty – Exit commissions Net P/L = Current value – Cost – Taxes Net ROI (%) = (Net P/L ÷ Cost) × 100 🔹 Commission & Tax Entry/Exit: Fixed or Percentage CGT: user-defined %, applied only on profits 🔹 Output Table | Ticker | Net P/L | Net ROI (%) | Color-coded: Green = Profit, Red = Loss, Silver = Neutral/NA ✅ Best for Multi-asset tracking in one chart Real-time evaluation of profits after fees & taxes Clear, visual portfolio monitoring
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Roger_Kint tarafından
壹神趨勢過濾器壹神趨勢過濾器 (2-pole) 此指標利用雙極濾波器 (Two-pole Filter) 來平滑價格波動，並以顏色與提示符號顯示市場趨勢變化，幫助交易者判斷多空趨勢。 僅供教育與研究使用，未經本人授權請勿盜用。 English: YiShen Trend Filter (2-pole) This indicator applies a two-pole filter to smooth price fluctuations and uses color gradients and signal markers to highlight market trend shifts. It is designed to help traders identify bullish and bearish conditions. Disclaimer: For educational and research purposes only. Unauthorized use or redistribution is strictly prohibited.
Pine Script® göstergesi
z0955334353 tarafından
壹神指標突破價格進場（進階版＋停損線）中文： 壹神指標突破價格進場（進階版＋停損線） 此指標專為台股日內與波段交易設計，提供突破訊號、停損線、量能過濾與開盤延遲啟動功能。 請注意：本指標僅供教育與研究使用，未經本人授權請勿盜用。 English: YiShen Breakout Entry Indicator (Advanced + Stop Line) This indicator is designed for intraday and swing trading, providing breakout signals, stop lines, volume filters, and session start delay options. Disclaimer: This script is for educational and research purposes only. Unauthorized use or redistribution is strictly prohibited.
Pine Script® göstergesi
z0955334353 tarafından
Simple MA Crossover - TradicatorsSimple MA Crossover is a beginner-friendly indicator that visualizes moving average crossovers to help identify potential trend shifts. It uses two simple moving averages (SMA): A Fast Moving Average (short-term) A Slow Moving Average (long-term) When the fast MA crosses above the slow MA, a green BUY label appears below the candle. When the fast MA crosses below the slow MA, a red SELL label appears above the candle. These crossovers can be used as basic signals to suggest potential trend continuation or reversal points. The indicator works on all timeframes and can be used with various assets. 📌 This script is for educational and illustrative purposes only and should not be considered financial advice. Use it in conjunction with your own research, trading strategy, and risk management practices. Add the Indicator Open any chart on TradingView Click on the Indicators tab Search for “Simple MA Crossover” and add it to your chart How It Works The script plots two colored lines: Orange Line: Fast Moving Average (default 9-period) Blue Line: Slow Moving Average (default 21-period) When the orange line crosses above the blue line → a BUY signal is printed When the orange line crosses below the blue line → a SELL signal is printed Customization You can change the lengths of the moving averages in the settings to match your style Works on any chart — crypto, stocks, forex, etc. Try different timeframes (15min, 1H, 4H, Daily) to see what suits your strategy best Reminder Always test the indicator on a demo account before using it in live trading Combine this tool with your own technical/fundamental analysis No indicator guarantees profits or prevents losses
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tradicators tarafından
Trend lines indicator by ForexBeeEnhanced 3-Swing Trendline Zones - Complete Feature Guide WHAT THIS INDICATOR DOES This indicator automatically draws trendline zones on your chart using a 3-point validation system. Instead of just connecting any two price points like basic trendline tools, it waits for three swing points to confirm the trendline is valid before drawing it. FEATURE 1: SWING POINT DETECTION What it detects: Swing highs: Price points where the high is higher than surrounding candles Swing lows: Price points where the low is lower than surrounding candles These show up as small arrows on your chart labeled "SH" (swing high) and "SL" (swing low) Settings that control this: Swing Length : Default is 6, range 1-20 Higher numbers = fewer, more significant swing points Lower numbers = more swing points, including minor ones Example: Setting 5 means each swing point must be higher/lower than 5 candles on each side How to use this setting: On 1-minute charts: Use 5-10 to filter out noise On daily charts: Use 2-3 for more sensitivity Volatile markets: Increase the number Quiet markets: Decrease the number Please See the Below Images To See the difference of swing length of 6 and 8 Display control: Show Swing Points : Turn the arrows on/off Default: ON (you'll see the arrows) Turn OFF if arrows clutter your chart FEATURE 2: RETRACEMENT VALIDATION SYSTEM What this does: After finding two swing points, the system checks if the second swing represents a proper market retracement, not just random price movement. How it works: Finds the highest point between two swing lows (or lowest point between two swing highs) Calculates how much the second swing retraced from this extreme point Only accepts swings that retrace between your set percentages Settings that control this: Lower Limit % : Default 50%, range 0-100% Upper Limit % : Default 90%, range 0-100% These create a "valid retracement zone" Why this matters: Eliminates random trendlines that don't follow market structure Ensures trendlines represent actual retracement patterns Based on Elliott Wave and Fibonacci principles FEATURE 3: ATR-BASED ZONE WIDTH What ATR means: Average True Range measures how much price typically moves in a given period. Instead of fixed-width trendlines, this creates zones that adapt to market volatility. Settings that control this: Zone Width (ATR Multiple) : Default 0.3, range 0.1-1.0 ATR Length : Default 14, range 1-50 periods How zone width works: Multiplier 0.1 = Very narrow zones (tight around trendline) Multiplier 0.5 = Medium zones Multiplier 1.0 = Wide zones (accommodates more price movement) ATR Length explained: 14 periods = Uses last 14 candles to calculate average volatility Shorter periods (7) = More sensitive to recent volatility changes Longer periods (21) = Smoother, less sensitive to volatility spikes Practical impact: During high volatility: Zones automatically become wider During low volatility: Zones automatically become narrower Prevents false breakouts during normal market noise Creates realistic support/resistance areas instead of precise lines FEATURE 4: VISUAL ZONE SYSTEM Active Uptrend Zones: Green upper boundary line (solid, thick) Lime green lower boundary line (solid, thick) Green fill between lines (80% transparency) These represent dynamic support levels Active Downtrend Zones: Blue upper boundary line (solid, thick) Navy blue lower boundary line (solid, thick) Red fill between lines (80% transparency) These represent dynamic resistance levels Broken/Expired Zones: Gray/silver boundary lines (dashed, thick) Original fill color maintained (green for uptrend zones, red for downtrend zones) Shows historical trendlines that are no longer active FEATURE 5: BREAK DETECTION SYSTEM How breaks are detected: The system monitors when price violates the zone boundaries, indicating the trendline structure has failed. Settings that control this: Use Wick Break : True/False toggle TRUE: Break occurs when candle high/low touches zone boundary FALSE: Break occurs when candle close price crosses zone boundary Conservative vs Aggressive approach: Wick Break = TRUE (Aggressive) : - More sensitive, earlier signals - May produce more false breaks during volatile periods - Good for scalping and short-term trading Wick Break = FALSE (Conservative) : - Requires candle to close beyond zone - Fewer false signals, more reliable breaks - Better for swing trading and position trading What happens when zone breaks: Zone lines change from solid to dashed Zone lines change color to gray/silver Fill color remains original (green/red) for identification Zone stops extending forward Zone is removed from active monitoring FEATURE 6: ZONE EXPIRATION SYSTEM What expiration does: Allows trendlines to automatically become inactive after a set number of bars, even if they haven't been broken. Settings that control this: Use Zone Expiration : True/False toggle Zone Expiration (Bars) : Default 500, range 1-1000 FALSE: Zones run indefinitely until broken TRUE: Zones expire after specified number of bars Visual result: Expired zones look identical to broken zones Lines become dashed and gray/silver Fill colors remain original (green/red) FEATURE 7: MULTI-TIMEFRAME TREND ANALYSIS TABLE What the table shows: A small table on your chart that monitors trend conditions across four different timeframes simultaneously. Settings that control this: TF1, TF2, TF3, TF4 : Four customizable timeframes Default: 4H, 8H, 1D, 1W Table Position : 9 positions (top/middle/bottom + left/center/right) Text Size : Tiny, Small, Normal, Large, Huge How trend detection works: Uptrend Pattern : Current candle's high AND low are both higher than previous candle's high AND low on specified timeframes This creates higher highs and higher lows Shows consistent buying pressure Table displays green background with upward arrow (▲) Downtrend Pattern : Current candle's high AND low are both lower than previous candle's high AND low on specified timeframes This creates lower highs and lower lows Shows consistent selling pressure Table displays red background with downward arrow (▼) Range/Sideways Pattern : Current candle creates either inside bar or outside bar Inside bar: Current range smaller than previous candle Outside bar: Current range larger than previous candle Shows market indecision or consolidation Table displays orange background with diamond symbol (◆) No Clear Pattern : None of the above conditions are met Table displays gray background with horizontal line (⎯) How to interpret the table: All timeframes green (uptrend): Strong bullish alignment All timeframes red (downtrend): Strong bearish alignment Mixed colors: Conflicting timeframes, exercise caution Mostly orange: Market in consolidation phase Tooltip explanations: Hover over each cell for detailed description FEATURE 8: BACKGROUND COLOR SYSTEM What background colors show: Optional feature that colors your chart background based on the current timeframe's trend condition. Settings that control this: Show Background Colors : True/False toggle Background Transparency : 80-98% range Default: OFF (no background colors) Color scheme: Green background: Current timeframe showing uptrend Red background: Current timeframe showing downtrend Orange background: Current timeframe showing range/consolidation No background: No clear trend pattern Transparency levels: 80%: More visible background color 95%: Subtle background hint 98%: Very subtle background tint
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