EMA 12/21 Crossover with ATR-based SL/TPRecommended
ATR Lenght: 7
ATR multiplier for stop loss: 1.5
ATR multiplier for take profit: 2
Recalculate- aftter order is filled: Make sure you put this on if using these settings.
Using standard OHLC: put on.
Theses settings make you 50% win rate with 1.5 profit factor
📈 Ultimate Scalper v2
Strategy Type: Trend-Pullback Scalping
Indicators Used: EMA (12/21), MACD Histogram, ADX, ATR
Platform: TradingView (Pine Script v5)
Author: robinunga16
🎯 Strategy Overview
The Ultimate Scalper v2 is a scalping strategy that catches pullbacks within short-term trends using a dynamic combination of 12/21 EMA bands, MACD Histogram crossovers, and ADX for trend confirmation. It uses ATR-based stop-loss and take-profit levels, making it suitable for volatility-sensitive environments.
🧠 Logic Breakdown
🔍 Trend Detection
Uses the 12 EMA and 21 EMA to identify the short-term trend:
Uptrend: EMA 12 > EMA 21 and ADX > threshold
Downtrend: EMA 12 < EMA 21 and ADX > threshold
The ADX (default: 25) filters out low-momentum environments.
📉 Pullback Identification
Once a trend is detected:
A pullback is flagged when the MACD Histogram moves against the trend (below 0 in uptrend, above 0 in downtrend).
An entry signal is triggered when the histogram crosses back through zero (indicating momentum is resuming in the trend direction).
🟢 Entry Conditions
Long Entry:
EMA 12 > EMA 21
ADX > threshold
MACD Histogram was below 0 and crosses above 0
Short Entry:
EMA 12 < EMA 21
ADX > threshold
MACD Histogram was above 0 and crosses below 0
❌ Exit Logic (ATR-based)
The strategy calculates stop-loss and take-profit levels using ATR at the time of entry:
Stop-Loss: Entry Price −/+ ATR × Multiplier
Take-Profit: Entry Price ± ATR × 2 × Multiplier
Default ATR Multiplier: 1.0
⚙️ Customizable Inputs
ADX Threshold: Minimum trend strength for trades (default: 25)
ATR Multiplier: Controls SL/TP distance (default: 1.0)
📊 Visuals
EMA 12 and EMA 21 band can be added manually for visual reference.
Entry and exit signals are plotted via TradingView’s built-in backtesting engine.
⚠️ Disclaimer
This is a backtesting strategy, not financial advice. Performance varies across markets and timeframes. Always combine with additional confluence or risk management when going live.
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Color Bar Based on Closing Range, ATR, and VolumeTight Closes with Volume Highlight is a bar coloring script that helps you spot price consolidation and potential breakout zones. It highlights bars with two key conditions:
Tight Closing Ranges based on ATR to detect compression.
Volume and Price Strength using dynamic volume comparisons to flag accumulation or interest.
Customize the bar colors to suit your chart style and use this tool to visually scan for high-potential setups with less effort.
Valentine_scriptThe Valentine_script overlays five customizable moving averages (MA) directly on your chart. Choose between SMA and EMA for each MA, and set your preferred lengths to fit your strategy. This tool provides a clean and flexible way to analyze trend direction and momentum across multiple timeframes—all in one view.
EMA 12/21 Crossover with ATR-based SL/TP📈 Ultimate Scalper v2
Strategy Type: Trend-Pullback Scalping
Indicators Used: EMA (12/21), MACD Histogram, ADX, ATR
Platform: TradingView (Pine Script v5)
Author:
🎯 Strategy Overview
The Ultimate Scalper v2 is a scalping strategy that catches pullbacks within short-term trends using a dynamic combination of 12/21 EMA bands, MACD Histogram crossovers, and ADX for trend confirmation. It uses ATR-based stop-loss and take-profit levels, making it suitable for volatility-sensitive environments.
🧠 Logic Breakdown
🔍 Trend Detection
Uses the 12 EMA and 21 EMA to identify the short-term trend:
Uptrend: EMA 12 > EMA 21 and ADX > threshold
Downtrend: EMA 12 < EMA 21 and ADX > threshold
The ADX (default: 25) filters out low-momentum environments.
📉 Pullback Identification
Once a trend is detected:
A pullback is flagged when the MACD Histogram moves against the trend (below 0 in uptrend, above 0 in downtrend).
An entry signal is triggered when the histogram crosses back through zero (indicating momentum is resuming in the trend direction).
🟢 Entry Conditions
Long Entry:
EMA 12 > EMA 21
ADX > threshold
MACD Histogram was below 0 and crosses above 0
Short Entry:
EMA 12 < EMA 21
ADX > threshold
MACD Histogram was above 0 and crosses below 0
❌ Exit Logic (ATR-based)
The strategy calculates stop-loss and take-profit levels using ATR at the time of entry:
Stop-Loss: Entry Price −/+ ATR × Multiplier
Take-Profit: Entry Price ± ATR × 2 × Multiplier
Default ATR Multiplier: 1.0
⚙️ Customizable Inputs
ADX Threshold: Minimum trend strength for trades (default: 25)
ATR Multiplier: Controls SL/TP distance (default: 1.0)
📊 Visuals
EMA 12 and EMA 21 band can be added manually for visual reference.
Entry and exit signals are plotted via TradingView’s built-in backtesting engine.
⚠️ Disclaimer
This is a backtesting strategy, not financial advice. Performance varies across markets and timeframes. Always combine with additional confluence or risk management when going live.
CVD Trend IndikatorCVD Trend Indicator (Cumulative Volume Delta)
This Pine Script indicator is designed to help traders visualize the underlying buying and selling pressure in the market by analyzing the Cumulative Volume Delta (CVD). It provides insights into whether buyers or sellers are more aggressive over time, aiding in trend confirmation and potential reversal identification.
How it Works:
The indicator calculates the Cumulative Volume Delta for each candlestick.
If the candle closes higher than it opened (close > open), its entire volume is considered buying volume (positive delta).
If the candle closes lower than it opened (close < open), its entire volume is considered selling volume (negative delta).
If the candle closes at the same price it opened (close == open), its delta is considered zero.
These individual candle deltas are then cumulatively summed up over time, creating the CVD line. A rising CVD indicates increasing buying pressure, while a falling CVD suggests growing selling pressure.
The indicator also features an optional Simple Moving Average (SMA) of the CVD, which helps smooth out the CVD line and identify the prevailing trend in buying/selling pressure more clearly.
Key Features:
Cumulative Volume Delta (CVD) Line:
Rising CVD (Blue Line): Indicates aggressive buying pressure is dominant, supporting bullish price action.
Falling CVD (Blue Line): Suggests aggressive selling pressure is dominant, supporting bearish price action.
CVD Moving Average (Red Line, optional):
A user-defined SMA of the CVD, which acts as a trend filter for the volume delta.
When the CVD crosses above its MA, it can signal increasing buying momentum.
When the CVD crosses below its MA, it can signal increasing selling momentum.
Session Reset:
The CVD automatically resets at the beginning of each new trading session (daily by default). This provides a fresh perspective on the day's accumulated buying or selling pressure, which is particularly useful for day traders.
Background Color Visuals:
The indicator panel's background changes color to visually represent periods of dominant buying pressure (green background when CVD > CVD MA) or selling pressure (red background when CVD < CVD MA), offering a quick glance at the market's underlying bias.
Trading Insights:
Trend Confirmation: Use a rising CVD (and its MA) to confirm an uptrend, or a falling CVD (and its MA) to confirm a downtrend.
Divergences: Look for CVD Divergences as potential reversal signals:
Bullish Divergence: Price makes a lower low, but CVD makes a higher low (suggests selling pressure is weakening).
Bearish Divergence: Price makes a higher high, but CVD makes a lower high (suggests buying pressure is weakening).
Momentum Shifts: Sudden, sharp changes in the CVD's direction or its cross over/under its MA can signal shifts in market momentum.
Support/Resistance Confirmation: Observe CVD behavior around key price levels. Weakening buying pressure at resistance or weakening selling pressure at support can confirm the strength of these levels.
Customization:
showMA: Toggle the visibility of the CVD's Moving Average.
maLength: Adjust the period for the CVD's Moving Average to control its sensitivity to recent price action. A shorter length makes it more reactive, while a longer length makes it smoother.
Disclaimer: No indicator is foolproof. Always use the CVD Trend Indicator in conjunction with other technical analysis tools, price action, and robust risk management strategies. Backtesting and forward testing are crucial for understanding its effectiveness in different market conditions and timeframes.
Money Risk Management with Trade Tracking
Overview
The Money Risk Management with Trade Tracking indicator is a powerful tool designed for traders on TradingView to simplify trade simulation and risk management. Unlike the TradingView Strategy Tester, which can be complex for beginners, this indicator provides an intuitive, beginner-friendly interface to evaluate trading strategies in a realistic manner, mirroring real-world trading conditions.
Built on the foundation of open-source contributions from LuxAlgo and TCP, this indicator integrates external indicator signals, overlays take-profit (TP) and stop-loss (SL) levels, and provides detailed money management analytics. It empowers traders to visualize potential profits, losses, and risk-reward ratios, making it easier to understand the financial outcomes of their strategies.
Key Features
Signal Integration: Seamlessly integrates with external long and short signals from other indicators, allowing traders to overlay TP/SL levels based on their preferred strategies.
Realistic Trade Simulation: Simulates trades as they would occur in real-world scenarios, accounting for initial capital, risk percentage, leverage, and compounding effects.
Money Management Dashboard: Displays critical metrics such as current capital, unrealized P&L, risk amount, potential profit, risk-reward ratio, and trade status in a customizable, beginner-friendly table.
TP/SL Visualization: Plots TP and SL levels on the chart with customizable styles (solid, dashed, dotted) and colors, along with optional labels for clarity.
Performance Tracking: Tracks total trades, win/loss counts, win rate, and profit factor, providing a clear overview of strategy performance.
Liquidation Risk Alerts: Warns traders if stop-loss levels risk liquidation based on leverage settings, enhancing risk awareness.
Benefits for Traders
Beginner-Friendly: Simplifies the complexities of the TradingView Strategy Tester, offering an intuitive interface for new traders to simulate and evaluate trades without confusion.
Real-World Insights: Helps traders understand the actual profit or loss potential of their strategies by factoring in capital, risk, and leverage, bridging the gap between theoretical backtesting and real-world execution.
Enhanced Decision-Making: Provides clear, real-time analytics on risk-reward ratios, unrealized P&L, and trade performance, enabling informed trading decisions.
Customizable and Flexible: Allows customization of TP/SL settings, table positions, colors, and sizes, catering to individual trader preferences.
Risk Management Focus: Encourages disciplined trading by highlighting risk amounts, potential profits, and liquidation risks, fostering better financial planning.
Why This Indicator Stands Out
Many traders struggle to translate backtested strategy results into real-world outcomes due to the abstract nature of percentage-based profitability metrics. This indicator addresses that challenge by providing a practical, user-friendly tool that simulates trades with real-world parameters like capital, leverage, and compounding. Its open-source nature ensures accessibility, while its integration with other indicators makes it versatile for various trading styles.
How to Use
Add to TradingView: Copy the Pine Script code into TradingView’s Pine Editor and add it to your chart.
Configure Inputs: Set your initial capital, risk percentage, leverage, and TP/SL values in the indicator settings. Select external long/short signal sources if integrating with other indicators.
Monitor Dashboards: Use the Money Management and Target Dashboard tables to track trade performance and risk metrics in real time.
Analyze Results: Review win rates, profit factors, and P&L to refine your trading strategy.
Credits
This indicator builds upon the open-source contributions of LuxAlgo and TCP , whose efforts in sharing their code have made this tool possible. Their dedication to the trading community is deeply appreciated.
ORB2The "ORB2" Indicator (Opening Range Breakout 2) is designed to identify the key price range at the beginning of the trading day—commonly referred to as the opening range. Its main purpose is to help traders detect potential breakout points from this range, which are often used as signals for trade entries.
📌 Purpose
The indicator visually marks the highest (high) and lowest (low) price within a defined time interval at the start of the session (e.g., from 09:15 to 09:20). These values form what’s known as the opening range, which is often considered a consolidation zone before the market chooses a direction.
⚙️ How It Works
Time Setup:
The user defines the time window during which the opening range is monitored (default: 09:15–09:20).
The high and low values are tracked within this interval.
Session Detection:
When the defined session begins (is_first), the indicator records the current high and low as the initial ORB levels.
Range Updating:
During the session, if a new candle has a higher high or a lower low than the previously recorded ORB range, the indicator updates the levels accordingly.
Visualization:
The ORB zone is displayed as a shaded area (a blue fill between a green upper line and a red lower line)—but only when applied to intra-day charts with a time interval less than or equal to the specified inputMax (e.g., 5 minutes).
🎯 Purpose and Benefits
Quick breakout detection – Helps traders easily identify when price breaks out of the initial consolidation.
Clear visualization – Highlights the high/low boundaries and range area, making breakout strategies more effective.
Customizability – The user can adjust the session time and the maximum allowed chart resolution for display.
Percent Change of Range Candles📌 Indicator Description: "Percent Change of Range Candles"
This indicator is designed to visualize the percentage price change over a specified number of candles, relative to the historical market range. Instead of traditional candles, it uses a custom "range candle" visualization that reflects relative changes in context with the highest and lowest points within a given period.
🎯 Purpose and Application
The goal of this indicator is to:
Show how much the current price has changed compared to the price length candles ago (default: 100).
Express this change as a percentage of the total price range during that period.
Help traders identify extreme price movements, whether bullish or bearish.
Serve as an additional filter for momentum zones, divergences, or overextended conditions.
⚙️ How It Works
🔹 Core Calculation:
Range: The difference between the highest and lowest price over the selected period (length).
Price Change: The difference between the current close and the close length bars ago.
Percentage Value: (price_change / range) * 100
🔹 Additional Logic:
The synthetic open value is calculated as the average of the last 5 c values.
The high and low of each range candle are adjusted:
If c is negative, the high is replaced with a shorter-term percentage change (25% of length).
If c is positive, the low is adjusted in the same way.
🔹 Visualization:
Displays custom candles based on percentage change, not real price.
Candle color is green if the current value is above the recent average, and red if below.
Horizontal reference lines are drawn at +100, +70, 0, -70, and -100, helping to identify extremes.
✅ Advantages and Use Cases
Detects market extremes and potential reversal zones.
Useful in volatility or momentum-based strategies.
Can serve as a signal filter or divergence detector when combined with other tools (e.g., RSI, MACD).
EU Session Only StrategyThe name of the strategy is the EU session only, but you choose which time is important for you to follow, it can also be the beginning of the US session, a few hours after the news (2 hours after the US open level) or based on the daily open level.
📌 Indicator Description: "EU Session Only Strategy"
This TradingView indicator, written in Pine Script version 6, represents a simple yet effective intraday trading strategy focused exclusively on the European trading session.
🎯 Purpose and Use
The goal of this strategy is to:
Automatically identify the European session open price for the current trading day.
Trade only during a defined intraday time window (e.g., between 08:00 and 18:00 UTC).
Enter a trade only if the price moves a certain distance (in pips) away from the EU open level.
Limit the number of trades per day to avoid overtrading.
Automatically close all open positions at the end of the day to minimize overnight risk.
⚙️ How It Works
🔹 1. EU Open Level
When the European session opens (e.g., 09:00 UTC), the strategy records the opening price at that moment (eu_open_price).
This level is displayed as a red horizontal line on the chart.
🔹 2. Entry Conditions
The strategy checks if the current price:
Is above the EU open level by at least a defined number of pips → Buy signal.
Is below the EU open level by at least a defined number of pips → Sell signal.
Trading is allowed only within the specified time range (e.g., 08:00 to 18:00 UTC).
A maximum number of trades per day is enforced (e.g., 2 trades max).
🔹 3. Exit Conditions
If an opposite signal appears during the day, the strategy automatically closes the current position.
At the start of each new day, all open positions are closed, regardless of direction or profit.
✅ Advantages
A clear and efficient system based on price reaction around a key daily level.
Suitable for automated backtesting and optimization on TradingView.
Reduces risk with daily trade limits and end-of-day auto-closing.
Ideal for forex pairs that show volatility during the European session (e.g.,GOLD, EUR/USD, GBP/USD, etc.).
Options Betting Range - FixedOptions Betting Range
Options Betting Range is a powerful TradingView indicator designed to streamline options trading by visualizing high-probability price ranges for key symbols. With automated trendlines and clear labels, it empowers traders to make precise, data-driven decisions based on customizable prediction and execution dates.
## Key Features
Broad S&P 500 Coverage: Supports most S&P 500 stock symbols, excluding those with insufficient options volume for reliable data, alongside major ETFs and indices like SPY, IWM, QQQ, DIA, TLT, ^GSPC, ^IXIC, ^RUT, ^NDX, and ^SOX.
Automated Trendlines: Plots dashed and solid trendlines to mark high/low price boundaries, triggered only on specified prediction dates for clean, uncluttered charts.
Customizable Inputs: Configure prediction and execution dates to align with your trading strategy.
Clear Visuals: Color-coded labels (green for highs, purple for lows) display price ranges and percentage spreads for rapid decision-making.
Single-Execution Logic: Draws trendlines once per prediction date, ensuring chart clarity and efficiency.
## How It Works
Based on the latest daily open interest data, the indicator calculates swing ranges for different strike dates, drawing trendlines and labels to visualize potential price boundaries for options trading.
## Why Use It?
Streamlined Analysis: Automates range visualization, saving time and reducing manual charting.
Strategic Clarity: Objective price levels minimize emotional bias and enhance trade planning.
Versatile Application: Ideal for day traders, swing traders, and options strategists across multiple markets.
## Tips for Best Use
Regular Updates: To maintain the accuracy of options betting ranges, periodically update the indicator. On the view page, hover over the indicator name and click the blue whirlwind icon to complete the update.
## Get Started
Add Options Betting Range to your TradingView chart, select a supported symbol, and customize your prediction/execution dates. Leverage the visualized price ranges to execute precise options trading strategies with confidence.
Advanced VW SMI w/ Divergence, Confirmations & TableVolume-Weighted SMI with Dynamic Divergence and Confirmation
Description:
This advanced indicator combines the Stochastic Momentum Index (SMI) with volume weighting, dynamic overbought/oversold bands, and robust divergence detection to help you spot true momentum reversals confirmed by volume, trend, and momentum.
Features
Volume-Weighted SMI
The SMI is amplified or dampened based on normalized volume, filtering out low-interest price moves and highlighting those with real conviction.
Dynamic OB/OS Bands
Overbought and oversold levels adapt automatically to current volatility and trend using moving average and standard deviation bands, keeping signals relevant across all market regimes.
Divergence Detection with Visuals
Real-time bullish and bearish divergence signals are drawn right on the SMI line, including lines and labels, making reversal setups easy to spot.
Triple Confirmation
Divergence signals are filtered by:
Volume surge (user adjustable)
RSI extremes (oversold/overbought)
Higher timeframe trend (optional EMA filter)
Customizable Volume Weighting
Adjust how much influence volume has on SMI signals—tune sensitivity to your market and style.
Performance Table
Track bullish/bearish divergence counts in real time.
How to Use
Add to your chart.
(Move to a separate pane for best results.)
Adjust settings to fit your market (lengths, volume power, trend filter, etc.).
Watch for colored SMI moves outside dynamic bands for momentum extremes.
Look for divergences marked by arrows, lines, and labels on the SMI.
Use table count for an overview of signal frequency.
Tips
Works on all timeframes; try adjusting dynamic band length for higher timeframes.
For scalping, lower the SMI and pivot lengths.
For swing trading, enable trend and volume confirmations for higher confidence.
Use with other price action signals for best results.
Created with Pine Script v5.
If you find this helpful, please give it a like or comment!
Candle Setup🧠 This indicator is based on a strategy concept by Arshia from the LEEMEENAL group.
The SMA Shadow Strategy is a visual candlestick-based setup designed to identify potential reversal points by analyzing the relationship between the candle's shadows (wicks) and a Simple Moving Average (SMA).
📊 How It Works
This strategy focuses on candles with significant upper or lower shadows relative to their body size, suggesting potential rejection zones. The conditions are split between red (bearish) and green (bullish) candles:
🔴 Red Candle Setup:
The SMA line is inside or slightly above the upper shadow.
The upper shadow is significantly larger than the body (customizable ratio).
The lower shadow is smaller than the body.
These conditions hint at strong rejection from above, often signaling a potential short opportunity or resistance confirmation.
🟢 Green Candle Setup:
The SMA line is inside or slightly below the lower shadow.
The lower shadow is significantly larger than the body (customizable ratio).
The upper shadow is smaller than the body.
This setup suggests a price rejection from below, indicating a potential long opportunity or support confirmation.
⚙️ Customizable Conditions
Users can enable or disable each of the setup rules independently for both red and green candles:
Enable SMA shadow alignment.
Adjust the shadow-to-body ratio separately for red and green candles.
Toggle shadow logic (e.g., lower/upper shadows relative to body).
🛎 Alerts
Alerts are included for both red and green signal conditions, making it easier to integrate into automated workflows or notification systems.
If you found this indicator helpful, feel free to share or give credit to Arshia - LEEMEENAL Group. 🙏
Buysell Martingale Signal - CustomBuysell Martingale Signal - Custom Indicator
Introduction:
This indicator provides a dynamic buy and sell signal system incorporating an adaptive Martingale logic. Built upon the signalLib_yashgode9/2 library, it is designed for use across various markets and timeframes.
Key Features:
Primary Buy & Sell Signals: Identifies initial buy and sell opportunities based on directional changes derived from the signalLib.
Martingale Signals:
For Short (Sell) Positions: A Martingale Sell signal is triggered when the price moves against the existing short position by a specified stepPercent from the last entry price, indicating a potential opportunity to average down or increase position size.
For Long (Buy) Positions: Similarly, a Martingale Buy signal is triggered when the price moves against the existing long position by a stepPercent from the last entry price.
On-Chart Labels: Displays clear, customizable labels on the chart for primary Buy, Sell, Martingale Buy, and Martingale Sell signals.
Customizable Colors: Allows users to set distinct colors for primary signals and Martingale signals for better visual distinction.
Adjustable Sensitivity: Features configurable parameters (DEPTH_ENGINE, DEVIATION_ENGINE, BACKSTEP_ENGINE) to fine-tune the sensitivity of the underlying signal generation.
Webhook Support (Static Message Alerts): This indicator provides alerts with static messages for both primary and Martingale buy/sell signals. These alerts can be leveraged for automation by external systems (such as trading bots or exchange-provided Webhook Signal Trading services).
Important Note: When using these alerts for automation, an external system is required to handle the complex Martingale logic and position management (e.g., tracking steps, PnL calculation, hedging, dynamic quantity sizing), as this indicator solely focuses on signal generation and sending predefined messages.
How to Use:
Add the indicator to your desired chart.
Adjust the input parameters in the indicator's settings to match your specific trading symbol and timeframe.
For automation, you can set up TradingView alerts for the Buy Signal (Main/Martingale) and Sell Signal (Main/Martingale) conditions, pointing them to your preferred Webhook URL.
Configurable Parameters:
DEPTH_ENGINE: (e.g., 30) Controls the depth of analysis for the signal algorithm.
DEVIATION_ENGINE: (e.g., 5) Defines the allowable deviation for signal generation.
BACKSTEP_ENGINE: (e.g., 5) Specifies the number of historical bars to look back.
Martingale Step Percent: (e.g., 0.5) The percentage price movement against the current position that triggers a Martingale signal.
Labels Transparency: Adjusts the transparency of the on-chart signal labels.
Buy-Color / Sell-Color: Sets the color for primary Buy and Sell signal labels.
Martingale Buy-Color / Martingale Sell-Color: Sets the color for Martingale Buy and Sell signal labels.
Label size: Controls the visual size of the labels.
Label Offset: Adjusts the vertical offset of the labels from the candlesticks.
Risk Warning:
Financial trading inherently carries significant risk. Martingale strategies are particularly high-risk and can lead to substantial losses or even complete liquidation of capital if the market moves strongly and persistently against your position. Always backtest thoroughly and practice with a demo account, fully understanding the associated risks, before engaging with real capital.
Polynomial Deviation BandsThis indicator applies polynomial regression of selectable degree (1st to 4th) to recent price data, fitting a smooth curve that models the underlying price trend more flexibly than linear regression.
Around this polynomial regression line, it plots dynamic deviation bands calculated using a variety of selectable methods—including standard deviation, mean/median absolute deviation, exponential deviation, true range deviation, Hull, Frama, Kaufman adaptive, Gaussian weighted, and quantile deviation—providing a comprehensive view of price volatility and dispersion.
Key Features:
Polynomial regression fit updated on each bar, capturing nonlinear price trends.
Multiple deviation calculation options allow customization of band sensitivity and robustness.
Bands adjust dynamically to changing volatility and price behavior.
Overlay on price chart with optional candle coloring based on trend signals derived from price relative to bands.
Trend signals indicated by price crossing upper or lower bands.
Useful for identifying trend direction, potential support/resistance, and volatility expansion/contraction.
This tool combines advanced statistical modeling with flexible volatility measures to help traders better understand price structure and make informed trading decisions.
The indicator is computationally efficient despite polynomial fitting and offers extensive customization for diverse trading styles and markets.
Disclaimer
Disclaimer: This indicator is provided for educational and informational purposes only and does not constitute investment advice. Trading involves risk and may result in financial loss. Always perform your own research and consult with a qualified financial advisor before making any trading decisions.
Options Volatility Strategy Analyzer [TradeDots]The Options Volatility Strategy Analyzer is a specialized tool designed to help traders assess market conditions through a detailed examination of historical volatility, market benchmarks, and percentile-based thresholds. By integrating multiple volatility metrics (including VIX and VIX9D) with color-coded regime detection, the script provides users with clear, actionable insights for selecting appropriate options strategies.
📝 HOW IT WORKS
1. Historical Volatility & Percentile Calculations
Annualized Historical Volatility (HV): The script automatically computes the asset’s historical volatility using log returns over a user-defined period. It then annualizes these values based on the chart’s timeframe, helping you understand the asset’s typical volatility profile.
Dynamic Percentile Ranks: To gauge where the current volatility level stands relative to past behavior, historical volatility values are compared against short, medium, and long lookback periods. Tracking these percentile ranks allows you to quickly see if volatility is high or low compared to historical norms.
2. Multi-Market Benchmark Comparison
VIX and VIX9D Integration: The script tracks market volatility through the VIX and VIX9D indices, comparing them to the asset’s historical volatility. This reveals whether the asset’s volatility is outpacing, lagging, or remaining in sync with broader market volatility conditions.
Market Context Analysis: A built-in term-structure check can detect market stress or relative calm by measuring how VIX compares to shorter-dated volatility (VIX9D). This helps you decide if the present environment is risk-prone or relatively stable.
3. Volatility Regime Detection
Color-Coded Background: The analyzer assigns a volatility regime (e.g., “High Asset Vol,” “Low Asset Vol,” “Outpacing Market,” etc.) based on current historical volatility percentile levels and asset vs. market ratios. A color-coded background highlights the regime, enabling traders to quickly interpret the market’s mood.
Alerts on Regime Changes & Spikes: Automated alerts warn you about any significant expansions or contractions in volatility, allowing you to react swiftly in changing conditions.
4. Strategy Forecast Table
Real-Time Strategy Suggestions: At the close of each bar, an on-chart table generates suggested options strategies (e.g., selling premium in high volatility or buying premium in low volatility). These suggestions provide a quick summary of potential tactics suited to the current regime.
Contextual Market Data: The table also displays key statistics, such as VIX levels, asset historical volatility percentile, or ratio comparisons, helping you confirm whether volatility conditions warrant more conservative or more aggressive strategies.
🛠️ HOW TO USE
1. Select Your Timeframe: The script supports multiple timeframes. For short-term trading, intraday charts often reveal faster shifts in volatility. For swing or position trading, daily or weekly charts may be more stable and produce fewer false signals.
2. Check the Volatility Regime: Observe the background color and on-chart labels to identify the current regime (e.g., “HIGH ASSET VOL,” “LOW VOL + LAGGING,” etc.).
3. Review the Forecast Table: The table suggests strategy ideas (e.g., iron condors, long straddles, ratio spreads) depending on whether volatility is elevated, subdued, or spiking. Use these as a starting point for designing trades that match your risk tolerance.
4. Combine with Additional Analysis: For optimal results, confirm signals with your broader trading plan, technical tools (moving averages, price action), and fundamental research. This script is most effective when viewed as one component in a comprehensive decision-making process.
❗️LIMITATIONS
Directional Neutrality: This indicator analyzes volatility environments but does not predict price direction (up/down). Traders must combine with directional analysis for complete strategy selection.
Late or Missed Signals: Since all calculations require a bar to close, sharp intrabar volatility moves may not appear in real-time.
False Positives in Choppy Markets: Rapid changes in percentile ranks or VIX movements can generate conflicting or premature regime shifts.
Data Sensitivity: Accuracy depends on the availability and stability of volatility data. Significant gaps or unusual market conditions may skew results.
Market Correlation Assumptions: The system assumes assets generally correlate with S&P 500 volatility patterns. May be less effective for:
Small-cap stocks with unique volatility drivers
International stocks with different market dynamics
Sector-specific events disconnected from broad market
Cryptocurrency-related assets with independent volatility patterns
RISK DISCLAIMER
Options trading involves substantial risk and is not suitable for all investors. Options strategies can result in significant losses, including the total loss of premium paid. The complexity of options strategies requires thorough understanding of the risks involved.
This indicator provides volatility analysis for educational and informational purposes only and should not be considered as investment advice. Past volatility patterns do not guarantee future performance. Market conditions can change rapidly, and volatility regimes may shift without warning.
No trading system can guarantee profits, and all trading involves the risk of loss. The indicator's regime classifications and strategy suggestions should be used as part of a comprehensive trading plan that includes proper risk management, directional analysis, and consideration of broader market conditions.
Zero Lag Trend Strategy (MTF) [AlgoAlpha]# Zero Lag Trend Strategy (MTF) - Complete Guide
## Overview
The Zero Lag Trend Strategy is a sophisticated trading system that combines zero-lag exponential moving averages with volatility bands and EMA-based entry/exit filtering. This strategy is designed to capture trending movements while minimizing false signals through multiple confirmation layers.
## Core Components
### 1. Zero Lag EMA (ZLEMA)
- **Purpose**: Primary trend identification with reduced lag
- **Calculation**: Uses a modified EMA that compensates for inherent lag by incorporating price momentum
- **Formula**: `EMA(price + (price - price ), length)` where lag = (length-1)/2
- **Default Length**: 70 periods (adjustable)
### 2. Volatility Bands
- **Purpose**: Define trend strength and entry/exit zones
- **Calculation**: Based on ATR (Average True Range) multiplied by a user-defined multiplier
- **Upper Band**: ZLEMA + (ATR * multiplier)
- **Lower Band**: ZLEMA - (ATR * multiplier)
- **Default Multiplier**: 1.2 (adjustable)
### 3. EMA Filter/Exit System
- **Purpose**: Entry filtering and exit signal generation
- **Default Length**: 9 periods (fully customizable)
- **Color**: Blue line on chart
- **Function**: Prevents counter-trend entries and provides clean exit signals
## Entry Logic
### Long Entry Conditions
1. **Primary Signal**: Price crosses above the upper volatility band (strong bullish momentum)
2. **Additional Entries**: Price crosses above ZLEMA while already in an uptrend (if enabled)
3. **EMA Filter**: Price must be above the EMA filter line
4. **Confirmation**: All conditions must align simultaneously
### Short Entry Conditions
1. **Primary Signal**: Price crosses below the lower volatility band (strong bearish momentum)
2. **Additional Entries**: Price crosses below ZLEMA while already in a downtrend (if enabled)
3. **EMA Filter**: Price must be below the EMA filter line
4. **Confirmation**: All conditions must align simultaneously
## Exit Logic
**Simple and Clean**: Positions are closed when price crosses the EMA filter line in the opposite direction:
- **Long Exit**: Price crosses below the EMA filter
- **Short Exit**: Price crosses above the EMA filter
## Multi-Timeframe Analysis
The strategy includes a real-time table showing trend direction across 5 different timeframes:
- Default timeframes: 5m, 15m, 1h, 4h, 1D (all customizable)
- Color-coded signals: Green for bullish, Red for bearish
- Helps confirm overall market direction before taking trades
## Key Parameters
### Main Calculations
- **Length (70)**: Zero-lag EMA calculation period
- **Band Multiplier (1.2)**: Controls volatility band width
### Strategy Settings
- **Enable Additional Trend Entries**: Allow multiple entries during strong trends
- **EMA Exit Length (9)**: Period for the entry filter and exit EMA
### Timeframes
- **5 customizable timeframes** for multi-timeframe trend analysis
### Appearance
- **Bullish Color**: Default green (#00ffbb)
- **Bearish Color**: Default red (#ff1100)
## Visual Elements
### Chart Display
- **ZLEMA Line**: Color-coded trend line (green/red based on trend direction)
- **Volatility Bands**: Dynamic upper/lower bands that appear based on trend
- **EMA Filter**: Blue line for entry filtering and exits
- **Entry Signals**:
- Large arrows (▲▼) for primary trend signals
- Small arrows for additional trend entries
- Tiny letters (L/S) for actual strategy entries
### Information Table
- **Position**: Top-right corner
- **Content**: Real-time trend status across all configured timeframes
- **Updates**: Continuously updated with current market conditions
## Strategy Advantages
### Trend Following Excellence
- Captures strong trending moves with reduced whipsaws
- Multiple confirmation layers prevent false entries
- Dynamic bands adapt to market volatility
### Risk Management
- Clear, objective exit rules
- EMA filter prevents counter-trend trades
- Multi-timeframe confirmation reduces bad trades
### Flexibility
- Fully customizable parameters
- Works across different timeframes and instruments
- Optional additional trend entries for maximum profit potential
### Visual Clarity
- Clean, professional chart display
- Easy-to-read signals and trends
- Comprehensive multi-timeframe overview
## Best Practices
### Parameter Optimization
- **Length**: Higher values (50-100) for longer-term trends, lower values (20-50) for shorter-term
- **Band Multiplier**: Higher values (1.5-2.0) reduce signals but increase quality
- **EMA Length**: Shorter periods (5-13) for quick exits, longer periods (20-50) for trend riding
### Market Conditions
- **Trending Markets**: Enable additional trend entries for maximum profit
- **Choppy Markets**: Use higher band multiplier and longer EMA for fewer, higher-quality signals
- **Different Timeframes**: Adjust all parameters proportionally when changing chart timeframes
### Multi-Timeframe Usage
- Align trades with higher timeframe trends
- Use lower timeframes for precise entry timing
- Avoid trades when timeframes show conflicting signals
## Risk Considerations
- Like all trend-following strategies, may struggle in ranging/choppy markets
- EMA exit system prioritizes trend continuation over quick profit-taking
- Multiple timeframe analysis requires careful interpretation
- Backtesting recommended before live trading with any parameter changes
## Conclusion
The Zero Lag Trend Strategy provides a comprehensive approach to trend trading with built-in risk management and multi-timeframe analysis. Its combination of advanced technical indicators, clear entry/exit rules, and customizable parameters makes it suitable for both novice and experienced traders seeking to capture trending market movements.
Range Breakout + TradePulse HUD + Momentum GlowRange Breakout + TradePulse HUD + Momentum Glow
Overview
The Range Breakout + TradePulse HUD + Momentum Glow is a sophisticated Pine Script® indicator for TradingView, engineered to provide traders with a comprehensive toolkit for identifying breakout opportunities, monitoring real-time market dynamics, and visualizing momentum shifts. By integrating volatility-based channels, a dynamic heads-up display (HUD), and momentum-driven background glow, this indicator empowers traders with actionable insights for scalping, day trading, or swing trading across stocks, forex, and cryptocurrencies.
Key Features
Range Breakout System
ATR-Based Dynamic Channels: Constructs upper, lower, and mid-channel lines using a smoothed Average True Range (ATR) multiplied by a customizable factor (default: 4x), adapting to market volatility for precise breakout detection.
Breakout and Reversal Signals: Generates buy (▲) and sell (▼) signals on mid-channel crossovers, with an optional trend filter to align with the prevailing market direction, enhancing signal reliability.
Fakeout Detection: Optionally displays "X" markers for fakeout signals when price briefly breaches channel boundaries but fails to sustain the move, helping traders avoid false breakouts.
Customizable Visuals: Offers adjustable channel colors, gradient fill options, and transparency settings for a clean, user-friendly chart display.
TradePulse HUD
Real-Time Market Dashboard: A sleek, top-center HUD provides critical metrics on the last confirmed bar, including:
Price: Current price, color-coded (green for up, red for down).
Price Change (%): Percentage change with customizable alert thresholds for significant spikes (default: 3%).
Volume Analysis: Displays volume direction (Bullish, Bearish, Neutral) and highlights "Hype" surges when volume exceeds a user-defined threshold relative to its standard deviation (default: 1.5x).
Trend Direction: Derived from EMA crossovers (fast: 4-period, slow: 6-period) and volume confirmation, shown as Bullish, Bearish, or Neutral.
Momentum Score: A normalized RSI-based score (0–100), color-coded for overbought (>70) or oversold (<30) conditions.
Signal Confidence: A composite score (0–100) combining RSI, volume, and EMA divergence to evaluate signal strength.
Session Trend: Tracks intraday trends during key US market sessions (Open: 9:30–10:00, Mid: 10:00–14:00, Power Hour: 14:00–16:00, US Eastern Time) with emoji indicators ( for bullish, for bearish, for neutral).
RSI: Displays current RSI with customizable overbought (default: 65) and oversold (default: 35) levels.
Customizable HUD: Toggle visibility and adjust colors for a tailored trading experience.
Momentum Glow
Dynamic Background Visualization: Highlights strong market momentum with a background glow (green for bullish when RSI > 80, pink for bearish when RSI < 20), toggleable for minimal chart clutter.
Trend Confirmation: Combines channel breakouts with EMA crossovers and volume thresholds to identify high-probability bullish and bearish zones, ideal for trend-following strategies.
Session-Based Filtering: Excludes low-volatility "barcode" patterns (price range < 60% of average) to focus on actionable trends during active market hours.
Alert System
Robust Alerts: Configurable alerts for:
Buy/sell signals with optional trend filtering.
Price spikes exceeding the user-defined threshold.
"Hype" volume surges with a cooldown period (default: 5 bars) to prevent repetitive alerts.
EMA bullish/bearish crossovers for trend confirmation.
Flexible Thresholds: Customize price change, volume spike, and hype volume multipliers to align with specific trading strategies.
How It Works
Range Breakout: Calculates a central channel line (HL2) with upper and lower boundaries based on ATR. Breakouts are detected when price crosses these boundaries, while buy/sell signals trigger on mid-channel crossovers, validated by stability and optional trend filters.
TradePulse HUD: Integrates EMA, RSI, volume, and price data into a real-time, top-center dashboard, providing a holistic view of market conditions.
Momentum Glow: Enhances trend visualization with background glow for extreme RSI conditions, reinforcing breakout signals and trend direction.
Session Analysis: Monitors price behavior during key trading sessions, filtering out low-range periods to highlight high-probability trading opportunities.
Settings
Range Breakout Settings:
Line Extension Length: Duration of breakout lines (default: 100 bars).
Channel Width Multiplier: ATR multiplier for channel width (default: 4x).
Show Fakeout Signals: Toggle fakeout markers (default: disabled).
Filter Signals by Trend: Align signals with the broader trend (default: disabled).
Colors and Transparency: Customize channel colors and fill opacity.
TradePulse HUD Settings:
Show HUD: Enable/disable HUD display.
Show Momentum Glow: Toggle background glow for momentum visualization.
Price Change Alert Threshold: Percentage for price spike alerts (default: 3%).
Volume Spike Multiplier: Threshold for volume spikes (default: 1.2x average).
Hype Volume Multiplier: Threshold for "Hype" surges (default: 1.5x standard deviation).
Hype Cooldown: Minimum bars between hype alerts (default: 5).
EMA Periods: Fast (default: 4) and Slow (default: 6) for trend detection.
RSI Settings: Period (default: 14), overbought (default: 65), oversold (default: 35).
How to Use
Add the indicator to your TradingView chart.
Customize settings to match your trading style (e.g., adjust channel width, enable trend filters, or tweak HUD colors).
Monitor breakout signals (▲ for buy, ▼ for sell), fakeout markers (X), and HUD metrics for real-time context.
Use session trend indicators (//) to identify high-probability trading zones.
Set up alerts for breakouts, price spikes, volume surges, or EMA crossovers to stay informed.
Notes
License: Mozilla Public License 2.0 (mozilla.org).
Author: © StanTheTradingMan
Version: Pine Script® v6
Best Used With: Liquid markets (stocks, forex, crypto) on intraday or daily timeframes.
Optimization: Adjust ATR multiplier, EMA periods, and RSI thresholds to optimize for specific assets or strategies.
Why Use This Indicator?
The Range Breakout + TradePulse HUD + Momentum Glow delivers a powerful combination of breakout detection, real-time market analytics, and momentum visualization. Its intuitive HUD, dynamic glow feature, and robust alert system make it an essential tool for traders seeking clarity and precision in fast-moving markets. Whether capturing intraday moves or riding longer-term trends, this indicator equips you with the insights to trade confidently.
Get Started
Apply the indicator to your chart, fine-tune settings to suit your strategy, and leverage its advanced features to elevate your trading. For feedback or questions, connect via TradingView.
Kaufman Trend Strength Signal█ Overview
Kaufman Trend Strength Signal is an advanced trend detection tool that decomposes price action into its underlying directional trend and localized oscillation using a vector-based Kalman Filter.
By integrating adaptive smoothing and dynamic weighting via a weighted moving average (WMA), this indicator provides real-time insight into both trend direction and trend strength — something standard moving averages often fail to capture.
The core model assumes that observed price consists of two components:
(1) a directional trend, and
(2) localized noise or oscillation.
Using a two-step Predict & Update cycle, the filter continuously refines its trend estimate as new market data becomes available.
█ How It Works
This indicator employs a Kalman Filter model that separates the trend from short-term fluctuations in a price series.
Predict & Update Cycle : With each new bar, the filter predicts the price state and updates that prediction using the latest observed price, producing a smooth but adaptive trend line.
Trend Strength Normalization : Internally, the oscillator component is normalized against recent values (N periods) to calculate a trend strength score between -100 and +100.
(Note: The oscillator is not plotted on the chart but is used for signal generation.)
Filtered MA Line : The trend component is plotted as a smooth Kalman Filter-based moving average (MA) line on the main chart.
Threshold Cross Signals : When the internal trend strength crosses a user-defined threshold (default: ±60), visual entry arrows are displayed to signal momentum shifts.
█ Key Features
Adaptive Trend Estimation : Real-time filtering that adjusts dynamically to market changes.
Visual Buy/Sell Signals : Entry arrows appear when the trend strength crosses above or below the configured threshold.
Built-in Range Filter : The MA line turns blue when trend strength is weak (|value| < 10), helping you filter out choppy, sideways conditions.
█ How to Use
Trend Detection :
• Green MA = bullish trend
• Red MA = bearish trend
• Blue MA = no trend / ranging market
Entry Signals :
• Green triangle = trend strength crossed above +Threshold → potential bullish entry
• Red triangle = trend strength crossed below -Threshold → potential bearish entry
█ Settings
Entry Threshold : Level at which the trend strength triggers entry signals (default: 60)
Process Noise 1 & 2 : Control the filter’s responsiveness to recent price action. Higher = more reactive; lower = smoother.
Measurement Noise : Sets how much the filter "trusts" price data. High = smoother MA, low = faster response but more noise.
Trend Lookback (N2) : Number of bars used to normalize trend strength. Lower = more sensitive; higher = more stable.
Trend Smoothness (R2) : WMA smoothing applied to the trend strength calculation.
█ Visual Guide
Green MA Line → Bullish trend
Red MA Line → Bearish trend
Blue MA Line → Sideways/range
Green Triangle → Entry signal (trend strengthening)
Red Triangle → Entry signal (trend weakening)
█ Best Practices
In high-volatility conditions, increase Measurement Noise to reduce false signals.
Combine with other indicators (e.g., RSI, MACD, EMA) for confirmation and filtering.
Adjust "Entry Threshold" and noise settings depending on your timeframe and trading style.
❗ Disclaimer
This script is provided for educational purposes only and should not be considered financial advice or a recommendation to buy/sell any asset.
Trading involves risk. Past performance does not guarantee future results.
Always perform your own analysis and use proper risk management when trading.
5th Candle Breakout (Selected Date)✅ How to Use
🔁 Set the targetDate input to any date you want to test the setup on.
🕒 Use this on 30-minute timeframe.
📊 Works great on NIFTY, BANKNIFTY, or any F&O instrument.
📌 Uses body-close breakout during 6th or 7th candle.
🎯 Plots real entry, SL, and 1x target.
Shooting Star ORB🧠 Indicator Name: "First Candle Shooting Star + ORB"
📌 Purpose
This indicator detects when the first candle of the day forms a Shooting Star pattern and then monitors for a breakout beyond its range. It visually marks the pattern and the breakout with boxes and provides real-time alerts and a status table.
🔍 What It Does Step-by-Step
1. 📅 Detects the Start of a New Trading Day
Uses ta.change(time("D")) to identify a new trading day.
When a new day starts, it checks if the very first candle of the session is a Shooting Star.
2. 🕯️ Identifies a Shooting Star Pattern
A candle is labeled a Shooting Star if:
It has a small body compared to the full candle range.
It has a long upper shadow at least 2× the body.
It has a short or tiny lower shadow.
All these criteria are adjustable through inputs.
3. 📦 Draws a Box for the First Candle Range
If a Shooting Star is found in the first candle of the day:
It draws a red shaded box covering the high and low of that candle.
The box visually marks the potential Opening Range.
4. 💥 Detects Breakout from Shooting Star Candle
After the first candle:
If price moves above or below the range by a specified % (like 1%), it flags a breakout.
A blue shaded box is drawn at the breakout candle for visual confirmation.
5. 🔔 Alerts
🔴 Shooting Star Detected: Alerts when the first candle is a shooting star.
🔵 Breakout Detected: Alerts when the price breaks out of the first candle’s range.
6. 📊 Displays Real-Time Info Table
A small table is shown on the chart:
🕯️ Pattern: “Shooting Star” or blank
💥 Breakout: “Yes” or “No”
⏱️ The timeframe being analyzed (e.g., “5” for 5-minute)
Optimized Trend [DaviddTech]Optimized Trend is a comprehensive trend-following indicator that combines multiple analytical techniques for improved decision-making.
Key Features:
Zero-Lag Exponential Moving Average (ZLEMA) to reduce lag and track price movements more effectively.
Adaptive Lag Control: The lag of the ZLEMA can be automatically adjusted based on market volatility (ATR), or manually set for user preference.
Composite Score: A weighted measure combining ZLEMA momentum, short-term price changes, ATR-based volatility, and money flow (using Chaikin Money Flow and Money Flow Index). This creates a 0–100 score reflecting overall market strength.
Dynamic Bands: ATR-based upper and lower bands shift depending on price relative to the ZLEMA, acting as dynamic support/resistance.
Trend Cross Alerts: Plots buy and sell dots when the price crosses the ZLEMA for quick trade signals.
Summary Table: Displays key data including composite score, volatility, trend direction, current lag setting, and a market narrative.
Uniqueness & Research Basis:
This indicator incorporates an adaptive lag mechanism tied to ATR volatility, making the trendline more responsive during high volatility and smoother during calmer markets. It also blends multiple volume/flow metrics into a single money flow component, delivering a synthesized view of market strength not found in traditional ZLEMA tools.
How to Use:
Identify Trend Direction: Use the ZLEMA color (teal for bullish, maroon for bearish) and composite score to confirm market bias.
Monitor Bands: Price reaching the upper band (red fill) may indicate overbought conditions, while the lower band (green fill) may signal oversold conditions.
Entry/Exit Signals: Watch for the plotted (buy) and (sell) dots as potential trade signals.
Fine-Tune Sensitivity: Adjust ZLEMA length and lag settings in the inputs to better match your trading timeframe and style.
Adaptive Lag: Enable or disable to see how dynamic volatility affects responsiveness.
This indicator is designed for educational purposes only and should be used with additional confirmation and risk management in your trading plan.
