50% of Lifetime HighThis helps in identifying visually 50% of the value of life time high of a script. This is essential because during deep corrections sctocks would take suport at 50% level several times
Göstergeler ve stratejiler
Confluence Engine Confluence Engine is a practical, non-repainting decision aid that scores market conditions from −100…+100 by combining six proven modules: Trend, Momentum, Volatility, Volume, Structure, and an HTF confirmation. It’s designed for crypto, forex, indices, and stocks, and it fires entries only on confirmed bar closes.
What’s inside
Trend: EMA 20/50/200 alignment plus a Supertrend/KAMA toggle (you choose the baseline).
Momentum: RSI + MACD with confirmed-pivot divergence detection.
Volatility: ATR% and Bollinger Band width vs its average to favor expansion over chop.
Volume: OBV-style cumulative flow slope + volume surge vs SMA×multiplier.
Market Structure: Confirmed pivots, BOS (break of structure) and CHOCH (change of character).
HTF Filter: Closed higher-timeframe context via request.security(..., barmerge.gaps_on, barmerge.lookahead_off).
Why it does not repaint
Signals are computed and plotted on closed bars only.
Pivots/divergences use confirmed pivot points (no forward look).
HTF series are fetched with lookahead_off and use the last closed HTF bar in realtime.
No future bar references are used for entries or alerts.
How to use (3 steps)
Pick a timeframe pair: use a 4–6× HTF multiplier (5m→30m, 15m→1h, 1h→4h, 4h→1D, 1D→1W).
Trade with the HTF: take longs only when the HTF filter is bullish; shorts only when bearish.
Prefer expansion: act when BB width > its average and ATR% is elevated; skip most signals in compression.
Suggested presets (start here)
Crypto (BTC/ETH): 15m→1h, 1h→4h. stLen=10, stMult=3.0, bbLen=20, surgeMul=1.8–2.2, thresholds +40 / −40 (intraday can try +35 / −35).
Forex majors: 15m→1h, 1h→4h. stLen=10–14, stMult=2.5–3.0, surgeMul=1.5–1.8, thresholds +35 / −35 (swing: +45 / −45).
US equities (liquid): 5m→30m/1h, 15m→1h/2h. stMult=3.0–3.5, surgeMul=1.6–2.0, thresholds +45 / −45 to reduce chop.
Indices (ES/NQ): 5m→30m, 15m→1h. Defaults are fine; start at +40 / −40.
Gold/Oil: 15m→1h, 1h→4h. Thresholds +35 / −35, surgeMul=1.6–1.9.
Inputs (plain English)
Use Supertrend (off = KAMA): choose the trend baseline.
EMA Fast/Mid/Slow: 20/50/200 by default for classic stack.
RSI/MACD + divergence pivots: momentum and exhaustion context.
ATR Length & BB Length: volatility regime detection.
Volume SMA & Surge Multiplier: defines “meaningful” volume spikes.
Pivot left/right & “Confirm BOS/CHOCH on Close”: structure strictness.
Enable HTF & Higher Timeframe: confirms the lower timeframe direction.
Thresholds (+long / −short): when the score crosses these, you get signals.
Signals & alerts (IDs preserved)
Entry shapes plot at bar close when the score crosses thresholds.
Alerts you can enable:
CONFLUENCE LONG — long entry signal
CONFLUENCE SHORT — short entry signal
BULLISH BIAS — score turned positive
BEARISH BIAS — score turned negative
Best practices
Focus on signals with HTF agreement and volatility expansion; require volume participation (surge or rising OBV slope) for higher quality.
Raise thresholds (+45/−45 or +50/−50) to reduce whipsaws in choppy sessions.
Lower thresholds (+35/−35) only if you also require volatility/volume filters.
Performance & scope
Works across crypto/FX/equities/indices; no broker data or special feeds required.
No repainting by design; signals/alerts are computed on closed bars.
As with any tool, results vary by regime; always combine with risk management.
Disclosure
This script is for educational purposes only and is not financial advice. Trading involves risk. Test on historical data and paper trade before using live.
CakeProfits-SMA+EMA GThis indicator plots a dynamic color coded MA ribbon that visually highlights the relationship between a Simple Moving Average (SMA) and an Exponential Moving Average (EMA). The ribbon changes color based on bullish or bearish crossovers:
Bullish – EMA crosses above the SMA, indicating upward momentum.
Bearish – EMA crosses below the SMA, signaling potential downward pressure.
The SMA smooths out long-term price trends, while the EMA responds faster to recent price action. Together, they help traders identify shifts in market direction and momentum strength. The ribbon provides a clear, at-a-glance view of trend changes and can be used on any timeframe or market.
There is also the option to display a 200 SMA that is also color coded.
Common Uses:
Confirming trend direction.
Identifying early entry/exit points.
Filtering trades for trend-following strategies.
Комбинированный сигнал: MA10/MA40 + RSI50 + ЧайкинFriends, I share with you my indicator by strategy: crossing MA10/MA40 + RSI50 + Chaikin (above/below 0).
Indicator when the signal appears shows the entrance to the long/ short
The indicator works well on the trend. There may be false signals in the sidewall.
ICC Indicator V6An adjustable Pine Script v6 “ICC” indicator that detects Indication → Correction → Continuation market structure across timeframes with optional volume confirmation, plots swing levels and zones, shows editable labels and toggleable yellow buy/sell triangle signals, and includes debug tools for tuning.
PAZ+EMA+Momentum+RSI — Karar Paneli (AL/SAT/BEKLE)This Pine Script indicator combines price action (BoS/CHoCH proxy), EMA trend filtering (EMA50–EMA200), momentum signals (EWO and/or MACD histogram), and RSI conditions to analyze market direction and strength; when all criteria align it generates an “AL” (BUY) or “SAT” (SELL) signal, otherwise it outputs “BEKLE” (WAIT), with the decision visualized through background color, a confirmation table, and optionally triggers automated alerts for BUY/SELL signals.
TrendSpark⚡ Trend Spark
📖 Description
Trend Spark is a multi-tool trading indicator that combines the WaveTrend Oscillator, EMA Ribbon, and custom signal markers to help traders identify momentum shifts, reversals, and high-probability entry/exit zones.
Unlike traditional templates, Trend Spark uses unique visual cues — triangles, diamonds, and squares — to highlight important conditions in price action, making signals more intuitive and easier to act on.
Whether you’re scalping, swing trading, or analyzing long-term trends, Trend Spark adapts to your strategy.
⚙️ Features
WaveTrend Oscillator → Detects overbought/oversold conditions and momentum reversals.
EMA Ribbon (8 EMAs) → Reveals bullish and bearish market phases.
RSI → Confirms strength or weakness behind moves.
Custom Signal Shapes
🔼 Green Triangle Up → Bullish EMA crossover.
🔽 Red Triangle Down → Bearish EMA crossover.
🔶 Orange Diamond → WaveTrend crossover (potential reversal).
🟨 Yellow Square → Bullish candle confirmation.
📌 How to Use
Identify Trend
EMA2 above EMA8 (blue ribbon) → Bullish trend.
EMA8 above EMA2 (red ribbon) → Bearish trend.
Entry Signals
Look for 🔼 green triangles during bullish trends.
Look for 🔽 red triangles during bearish trends.
Use 🔶 orange diamonds as early warning signs of reversals.
Confirm Strength
A 🟨 yellow square below a bullish candle signals potential continuation.
Cross-check with RSI for stronger confirmation.
Risk Management
Always confirm with multiple timeframes.
Place stop-losses below/above recent swing levels.
🔔 Alerts
Trend Spark supports alerts for:
✅ Long EMA crossover (triangle up)
✅ Short EMA crossover (triangle down)
✅ WaveTrend crossover (diamond)
Stay ahead of market moves without constantly watching the charts.
NY Range — single box per session (v6)Draw the box for the setting timing.
You can set the custom TF and indicator draw the box.
Chanpreet RSI(3) Extreme Rays (4H, Adjustable Style)Chanpreet RSI(3) Extreme Rays (4H)
This indicator applies a short-length RSI (3) on the 4-hour timeframe and highlights momentum extremes directly on the chart.
🔎 What it does
Detects when RSI(3) moves into overbought (>80) or oversold (<20) territory.
Groups consecutive candles inside these zones into one “event” instead of marking each bar individually.
For each event:
• In overbought → records the highest high of the stretch and marks it with a horizontal ray.
• In oversold → records the lowest low of the stretch and marks it with a horizontal ray.
Keeps only the most recent N rays (default 5, adjustable).
⚙️ Inputs
Max Rays to Keep → how many unique events are kept visible.
Ray Thickness → adjust line thickness.
Overbought Ray Color → default red.
Oversold Ray Color → default green.
📈 How to use
Apply on any chart; RSI(3) values are always calculated from 4H data (via request.security).
Use rays as reference levels that highlight recent momentum extremes or exhaustion zones.
This is not a buy/sell signal by itself — combine with your own analysis, confirmation tools, and risk management.
Best Recommended time frame is 5 mins, 10 mins & 15 mins for intraday trading.
🧩 Unique features
Groups multiple bars into a single clean ray, reducing clutter.
Uses 4H RSI(3) regardless of the chart’s active timeframe.
Fully customizable appearance (colors, thickness, max events).
⚠️ Disclaimer
This script is provided for educational and informational purposes only.
It does not constitute financial advice or guarantee performance.
Always test thoroughly and use proper risk management before trading live.
Pin Bar (Body in Half Candle)Pine Script: Relaxed PIN Bar Detection
This indicator highlights PIN Bars with slightly relaxed conditions, designed for better usability in real-market intraday trend and pullback scenarios.
Detection Criteria:
Body ≤ 38% of total candle size
→ Standard is ~33%; relaxed to 38% to include more usable patterns.
Wick ≥ 1.7 × body size
→ Standard is 2.0×; relaxed to 1.7× to capture slightly imperfect but meaningful rejection candles.
RSI Dual Smoothed MAs + Trend color+ Alerts + MTFFeatures Implemented:
RSI with selectable source (OHLC/HL2/HLC3/OHLC4).
timeframe dropdown (tf) so you can select 1m, 3m, 5m, 15m, 30m, 1h, 3h, 4h, 1D, 1W, 1M
Two customizable MAs with selectable type (SMA, EMA, WMA, RMA, VWMA).
MA slope-based coloring (green = rising, red = falling, gray = flat).
Background shading (green = bullish, red = bearish).
Alerts for:
Bullish MA crossover
Bearish MA crossover
RSI Overbought (>70)
RSI Oversold (<30)
Rolling Range Bands by tvigRolling Range Bands
Plots two dynamic price envelopes that track the highest and lowest prices over a Short and Long lookback. Use them to see near-term vs. broader market structure, evolving support/resistance, and volatility changes at a glance.
What it shows
• Short Bands: recent trading range (fast, more reactive).
• Long Bands: broader range (slow, structural).
• Optional step-line style and shaded zones for clarity.
• Option to use completed bar values to avoid intrabar jitter (no repaint).
How to read
• Price pressing the short high while the long band rises → short-term momentum in a larger uptrend.
• Price riding the short low inside a falling long band → weakness with trend alignment.
• Band squeeze (narrowing) → compression; watch for breakout.
• Band expansion (widening) → rising volatility; expect larger swings.
• Repeated touches/rejections of long bands → potential areas of support/resistance.
Inputs
• Short Window, Long Window (bars)
• Use Close only (vs. High/Low)
• Use completed bar values (stability)
• Step-line style and Band shading
Tips
• Works on any symbol/timeframe; tune windows to your market.
• For consistent scaling, pin the indicator to the same right price scale as the chart.
Not financial advice; combine with trend/volume/RSI or your system for entries/exits.
RSI MA Cross + Divergence Signal (fixed)🔹 Core Logic
RSI + Moving Average
The script calculates a standard RSI (default 14).
It then overlays a moving average (SMA/EMA/WMA, default 9).
When RSI crosses above its MA → bullish momentum.
When RSI crosses below its MA → bearish momentum.
Divergence Filter
Signals are only valid if there’s confirmed divergence:
Bullish divergence: Price makes a lower low, RSI makes a higher low.
Bearish divergence: Price makes a higher high, RSI makes a lower high.
Overbought / Oversold Filter
Optional extra:
Bullish signals only valid if RSI ≤ 30 (oversold).
Bearish signals only valid if RSI ≥ 70 (overbought).
This ensures signals happen in “stretched” conditions.
Risk & Trade Management
Entries taken only when all conditions align.
Exits can be managed with ATR stops, partial take-profits, breakeven moves, and trailing stops (we coded these in the strategy version).
Cooldown, session filters, and daily loss guard to keep risk tight.
🔹 Strengths
✅ High selectivity: Combining RSI cross + divergence + OB/OS means signals are rare but higher quality.
✅ Great at catching reversals: Divergence highlights where price may be running out of steam.
✅ Risk management baked in: ATR stops + partial exits smooth out equity curve.
✅ Works across markets: ES, FX, crypto — anywhere RSI divergences are respected.
✅ Flexible: You can loosen/tighten filters depending on aggressiveness.
🔹 Weaknesses
❌ Lag from pivots: Divergence only confirms after a few bars → you enter late sometimes.
❌ Choppy in ranges: In sideways markets, RSI divergences appear often and whipsaw.
❌ Filters reduce signals: With all filters ON (divergence + OB/OS + trend + session), signals can be very rare — may under-trade.
❌ Not standalone: Needs higher-timeframe context (trend, liquidity pools) to avoid counter-trend entries.
🔹 Best Ways to Trade It
Use Higher Timeframe Bias
Run the strategy on 15m/1H, but only trade in direction of higher timeframe trend (e.g., 4H EMA).
Example: If daily is bullish → only take bullish divergences.
Pair With Structure
Look for signals at key zones: HTF support/resistance, VWAP, or FVGs.
Divergence + RSI cross inside an FVG is a strong entry trigger.
Adjust OB/OS for Volatility
For crypto/FX: use 35/65 instead of 30/70 (markets trend harder).
For ES/S&P: 30/70 works fine.
Risk Management Is King
Use partial exits: take profit at 1R, trail rest.
Size by % of equity (we coded this into the strategy).
Avoid News Spikes
Divergences break down around CPI, NFP, Fed announcements — stay flat.
🔹 When It Shines
Trending markets that make extended pushes → clean divergences.
Reversal zones (oversold → bullish bounce, overbought → bearish fade).
Swing trading (15m–4H) — less noise than 1m/5m scalping.
🔹 When to Avoid
Low volatility chop → lots of false divergences.
During high-impact news → RSI swings wildly.
In strong one-way trends without pullbacks — divergence keeps calling tops/bottoms too early.
✅ Summary:
This is a reversal-focused RSI divergence strategy with strict filters. It’s powerful when combined with higher-timeframe bias + structure confluence, but weak if traded blindly in choppy or news-driven conditions. Best to treat it as a precision entry trigger, not a full system — layer it on top of your FVG/ORB framework for maximum edge.
Cumulative Returns by Session [BackQuant]Cumulative Returns by Session
What this is
This tool breaks the trading day into three user-defined sessions and tracks how much each session contributes to return, volatility, and volume. It then aggregates results over a rolling window so you can see which session has been pulling its weight, how streaky each session has been, and how sessions relate to one another through a compact correlation heatmap.
We’ve also given the functionality for the user to use a simplified table, just by switching off all settings they are not interested in.
How it works
1) Session segmentation
You define APAC, EU, and US sessions with explicit hours and time zones. The script detects when each session starts and ends on every intraday bar and records its open, intraday high and low, close, and summed volume.
2) Per-session math
At each session end the script computes:
Return — either Percent: (Close−Open)÷Open×100(Close − Open) ÷ Open × 100(Close−Open)÷Open×100 or Points: (Close−Open)(Close − Open)(Close−Open), based on your selection.
Volatility — either Range: (High−Low)÷Open×100(High − Low) ÷ Open × 100(High−Low)÷Open×100 or ATR scaled by price: ATR÷Open×100ATR ÷ Open × 100ATR÷Open×100.
Volume — total volume transacted during that session.
3) Storage and lookback
Each day’s three session stats are stored as a row. You choose how many recent sessions to keep in memory. The script then:
Builds cumulative returns for APAC, EU, US across the lookback.
Computes averages, win rates, and a Sharpe-like ratio avgreturn÷avgvolatilityavg return ÷ avg volatilityavgreturn÷avgvolatility per session.
Tracks streaks of positive or negative sessions to show momentum.
Tracks drawdowns on cumulative returns to show worst runs from peak.
Computes rolling means over a short window for short-term drift.
4) Correlation heatmap
Using the stored arrays of session returns, the script calculates Pearson correlations between APAC–EU, APAC–US, and EU–US, and colors the matrix by strength and sign so you can spot coupling or decoupling at a glance.
What it plots
Three lines: cumulative return for APAC, EU, US over the chosen lookback.
Zero reference line for orientation.
A statistics table with cumulative %, average %, positive session rate, and optional columns for volatility, average volume, max drawdown, current streak, return-to-vol ratio, and rolling average.
A small correlation heatmap table showing APAC, EU, US cross-session correlations.
How to use it
Pick the asset — leave Custom Instrument empty to use the chart symbol, or point to another symbol for cross-asset studies.
Set your sessions and time zones — defaults approximate APAC, EU, and US hours, but you can align them to exchange times or your workflow.
Choose calculation modes — Percent vs Points for return, Range vs ATR for volatility. Points are convenient for futures and fixed-tick assets, Percent is comparable across symbols.
Decide the lookback — more sessions smooths lines and stats; fewer sessions makes the tool more reactive.
Toggle analytics — add volatility, volume, drawdown, streaks, Sharpe-like ratio, rolling averages, and the correlation table as needed.
Why session attribution helps
Different sessions are driven by different flows. Asia often sets the overnight tone, Europe adds liquidity and direction changes, and the US session can dominate range expansion. Separating contributions by session helps you:
Identify which session has been the main driver of net trend.
Measure whether volatility or volume is concentrated in a specific window.
See if one session’s gains are consistently given back in another.
Adapt tactics: fade during a mean-reverting session, press during a trending session.
Reading the tables
Cumulative % — sum of session returns over the lookback. The sign and slope tell you who is carrying the move.
Avg Return % and Positive Sessions % — direction and hit rate. A low average but high hit rate implies many small moves; the reverse implies occasional big swings.
Avg Volatility % — typical intrabars range for that session. Compare with Avg Return to judge efficiency.
Return/Vol Ratio — return per unit of volatility. Higher is better for stability.
Max Drawdown % — worst cumulative give-back within the lookback. A quick way to spot riskiness by session.
Current Streak — consecutive up or down sessions. Useful for mean-reversion or regime awareness.
Rolling Avg % — short-window drift indicator to catch recent turnarounds.
Correlation matrix — green clusters indicate sessions tending to move together; red indicates offsetting behavior.
Settings overview
Basic
Number of Sessions — how many recent days to include.
Custom Instrument — analyze another ticker while staying on your current chart.
Session Configuration and Times
Enable or hide APAC, EU, US rows.
Set hours per session and the specific time zone for each.
Calculation Methods
Return Calculation — Percent or Points.
Volatility Calculation — Range or ATR; ATR Length when applicable.
Advanced Analytics
Correlation, Drawdown, Momentum, Sharpe-like ratio, Rolling Statistics, Rolling Period.
Display Options and Colors
Show Statistics Table and its position.
Toggle columns for Volatility and Volume.
Pick individual colors for each session line and row accents.
Common applications
Session bias mapping — find which window tends to trend in your market and plan exposure accordingly.
Strategy scheduling — allocate attention or risk to the session with the best return-to-vol ratio.
News and macro awareness — see if correlation rises around central bank cycles or major data releases.
Cross-asset monitoring — set the Custom Instrument to a driver (index future, DXY, yields) to see if your symbol reacts in a particular session.
Notes
This indicator works on intraday charts, since sessions are defined within a day. If you change session clocks or time zones, give the script a few bars to accumulate fresh rows. Percent vs Points and Range vs ATR choices affect comparability across assets, so be consistent when comparing symbols.
Session context is one of the simplest ways to explain a messy tape. By separating the day into three windows and scoring each one on return, volatility, and consistency, this tool shows not just where price ended up but when and how it got there. Use the cumulative lines to spot the steady driver, read the table to judge quality and risk, and glance at the heatmap to learn whether the sessions are amplifying or canceling one another. Adjust the hours to your market and let the data tell you which session deserves your focus.
Pin Bar (Body in Half Candle) Pin Bar Identification Rules
1. The candlestick body must not exceed half the total candle range.
2.The candlestick body size must not exceed 45% of the entire candle length.
version 1.0.1
🎮 Liquidity Checklist – EFI + CMF + Centered MFIWhat it is
A confirmation dashboard combining EFI (Elder Force Index), CMF (Chaikin Money Flow), and MFI (Money Flow Index).
Provides a checklist table with / conditions, glow plots, and theme/override system. Intended as confirmation tool, not a standalone signal generator.
Why combine these three?
EFI (Force): captures impulse of price change × volume strength of push. CMF (Flow): measures accumulation/distribution capital inflow or outflow.
MFI (Liquidity/Momentum): RSI with volume liquidity stretch or balance.
Aligning force + flow + liquidity avoids weak setups and highlights agreement.
How it works
EFI: EMA of ( Close × Volume). Positive = buying pressure; Negative = selling pressure.
CMF: Money Flow Multiplier × Volume, averaged relative to total volume. Above 0 = inflow; Below 0 = outflow.
MFI: built-in 0 100 oscillator.
On chart: plotted centered as (MFI 50). In table: shown as real 0 100 value.
Checklist logic
Long bias: EFI > 0; CMF > 0; MFI > 35.
Short bias: EFI < 0; CMF < 0; MFI < 65.
Between 35 65, MFI may allow both long and short (neutral liquidity zone).
What s original here
Centered MFI plotting so all indicators share a zero baseline.
Dashboard checklist table with live indicator values.
Theme engine with custom color overrides (separate plot vs. table).
Normalization toggle for EFI/CMF readability on high-volume tickers.
Inputs & settings
Lengths: EFI (13), CMF (20), MFI (14).
Themes: Arcade, Feng Shui, Samurai, Irish, Cyberpunk.
Override plot colors option; table stays theme-based.
Normalize EFI/CMF (default OFF). ON scales EFI/CMF to 100 +100 for visual balance with MFI. Logic uses raw values.
How to read
Chart: EFI & CMF as glowing columns; MFI as centered line; reference lines at 0, +15 ( 65), 15
(35).
Table: / for each condition and live values; READY row lights when all align.
Suggested use
Use as confirmation filter:
1) Define trade idea (structure, catalyst).
2) Check EFI and CMF align with bias.
3) Confirm MFI not stretched (avoid longs >65, shorts <35).
4) Look for READY tick when all three align.
Works across timeframes; many prefer 15m 1H for intraday.
Limitations
Not a trading system on its own.
CMF may be na when High == Low.
Normalization affects visuals only, not logic. Always backtest and manage risk.
Credits
EFI by Alexander Elder. CMF by Marc Chaikin.
MFI standard oscillator.
Centered-MFI plotting, checklist UI, themes, normalization: NICK789.
Disclaimer
Educational use only; not financial advice.
No guarantees of accuracy or profitability.
Markets involve risk; past performance does not guarantee results.
HA Color Change Alerts (fixed v3)📌 Heikin Ashi Color Change Alerts
This indicator notifies you whenever a Heikin Ashi candle changes color (from red → green or green → red).
🔎 Features
Automatic Heikin Ashi calculation
Uses TradingView’s built-in Heikin Ashi source, so you don’t need to switch your chart to HA candles.
Signals on chart
Plots ▲ (green triangle) when HA changes from red → green and ▼ (red triangle) when HA changes from green → red.
Customizable alerts
You can set TradingView alerts for:
“Heikin Ashi Turned GREEN”
“Heikin Ashi Turned RED”
Options
Show/Hide the Heikin Ashi candles on top of your normal chart.
Choose whether alerts trigger only after bar close, or intrabar as soon as the color flips.
Show or hide the signal markers.
🔔 Use cases
Trend following: enter when HA flips to green, exit when it flips back to red.
Early reversal spotting: get notified when the candle momentum shifts.
Works on any symbol and timeframe.
Zarattini Intra-day Threshold Bands (ZITB)This indicator implements the intraday threshold band methodology described in the research paper by Carlo Zarattini et al.
papers.ssrn.com
Overview:
Plots intraday threshold bands based on daily open/close levels.
Supports visualization of BaseUp/BaseDown levels and Threshold Upper/Lower bands.
Optional shading between threshold bands for easier interpretation.
Usage Notes / Limitations:
Originally studied on SPY (US equities), this implementation is adapted for NSE intraday market timing, specifically the NIFTY50 index.
Internally, 2-minute candles are used if the chart timeframe is less than 2 minutes.
Values may be inaccurate if the chart timeframe is more than 1 day.
Lookback days are auto-capped to avoid exceeding TradingView’s 5000-bar limit.
The indicator automatically aligns intraday bars across multiple days to compute average deltas.
For better returns, it is recommended to use this indicator in conjunction with VWAP and a volatility-based position sizing mechanism.
Can be used as a reference for Open Range Breakout (ORB) strategies.
Customizations:
Toggle plotting of base levels and thresholds.
Toggle shading between thresholds.
Line colors and styles can be adjusted in the Style tab.
Author:
Gokul Ramachandran – software architect, engineer, programmer. Interested in trading and investment. Currently trading and researching strategies that can be employed in NSE (Indian market).
Contact: (mailto:gokul4trading@gmail.com)
LinkedIn: www.linkedin.com
Intended for educational and research purposes only.
Futures Position Size CalculatorIt will calculate and display how many contracts you can take based on your account balance, risk %, stop size, and instrument.
Turnover// ========================================
// TURNOVER INDICATOR (成交额指标)
// ========================================
//
// This indicator calculates and displays the turnover (trading value) for each bar,
// which represents the total monetary value of shares traded during that period.
// Turnover = Volume × Price
//
// KEY FEATURES:
// • Multiple price basis options: VWAP (recommended for intraday) or HLC3 average
// • Visual representation with colored columns (red/green for down/up bars)
// • Moving average overlay to smooth turnover trends
// • Rolling sum calculation for cumulative turnover over specified periods
// • Fully customizable parameters for different trading strategies
//
// USE CASES:
// • Identify periods of high/low market activity and liquidity
// • Analyze institutional money flow and market participation
// • Spot potential breakout or reversal points based on turnover spikes
// • Compare relative trading interest across different timeframes
// • Monitor market strength during trend formations
//
// PARAMETERS:
// • Price Basis: Choose between VWAP (intraday focus) or HLC3 (daily+ timeframes)
// • Visual Options: Toggle MA, rolling sum, and color coding
// • Timeframe Flexibility: Adjust MA and sum periods for your analysis needs
//
// ========================================
Bollinger Bands with Trend-Colored Middle Band & CandlesUpper & Lower Bands = semi-transparent blue.
Middle Band =
🟢 Green when rising
🔴 Red when falling
⚪ Gray when flat.
Candles automatically change color to follow the trend direction of the middle band.
XAUUSD/SPX Slope with MACDThe XAUUSD/SPX Slope with MACD Indicator tracks the slope of the XAUUSD (Gold) to SPX (S&P 500) ratio using linear regression over a customizable lookback period (default 20 bars), plotted as a blue line to show Gold’s relative performance against stocks. A MACD overlay (fast: 12, slow: 26, signal: 9, scaled by 5) is applied to the slope, with a green MACD line, red signal line, and green/red histogram to highlight momentum. A positive slope indicates Gold outperforming SPX, while MACD trends provide additional context. A zero line and background coloring (green for positive slope, red for negative) aid interpretation. Ensure XAUUSD and SPX symbols are supported by your platform.
Usage Notes:
Interpretation:
Slope (Blue): Positive values indicate Gold outperforming SPX; negative values show SPX outperforming.
MACD Components: The green MACD line, red signal line, and histogram (green for positive, red for negative) reflect momentum in the slope. Crossovers or histogram shifts can be analyzed manually for potential trend changes.
Customization: Adjust lookback, macd_fast, macd_slow, or macd_signal to tune sensitivity. The MACD scale is fixed at 5 for clarity.
Symbol Check: Verify "XAUUSD" and "SPX" match your platform’s tickers (e.g., "GOLD" or "SP500").