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Pine yardımcı programları

Previous Day OHLC Dashboard (Last N Days)Indicator: Previous Day OHLC Dashboard (Multi-Day) This indicator displays a dashboard-style table on your chart that shows the Open, High, Low, and Close (OHLC) of the previous trading days. It’s designed to help traders quickly reference key daily levels that often act as important support and resistance zones. 🔑 Features: Dashboard Table: Shows OHLC data for the last N trading days (default = 3, up to 10). Customizable Appearance: Change the position of the dashboard (Top-Right, Top-Left, Bottom-Right, Bottom-Left). Adjust text size (Tiny → Huge). Customize colors for header, labels, and each OHLC column. Yesterday’s OHLC Lines (optional): Plots horizontal lines on the chart for the previous day’s Open, High, Low, and Close. Intraday & Multi-Timeframe Compatible: Works on all timeframes below Daily — values update automatically from the daily chart. 📊 Use Cases: Quickly identify yesterday’s key levels for intraday trading. Track how current price reacts to previous day’s support/resistance. Keep a multi-day reference for trend bias and range context. ⚙️ How it Works: The indicator pulls daily OHLC values using request.security() with lookahead_on to ensure prior day’s values are extended across the next session. These values are displayed in a compact table for quick reference. Optionally, the most recent daily levels (D-1) are plotted as chart lines. ✅ Perfect for day traders, scalpers, and swing traders who rely on yesterday’s price action to plan today’s trades.
Pine Script® göstergesi
JourneyToWealth tarafından
Swing Z | Zillennial Technologies Inc.Swing Z by Zillennial Technologies Inc. is an advanced algorithmic framework built specifically for cryptocurrency markets. It integrates multiple layers of technical analysis into a single decision-support tool, generating buy and sell signals only when several independent confirmations align. Core Concept Swing Z fuses trend structure, momentum oscillators, volatility signals, and price action tools to capture high-probability trading opportunities in volatile crypto environments. Trend Structure (EMA 9, 21, 50, 200) Short-term EMAs (9 & 21) detect immediate momentum shifts. Longer-term EMAs (50 & 200) define the broader trend and dynamic support/resistance. Momentum & Confirmation Layer RSI measures relative strength and market conditions. MACD crossovers confirm momentum shifts and trend continuations. Volatility & Market Pressure TTM Squeeze highlights compression zones likely to precede breakouts. Volume analysis confirms conviction behind directional moves. VWAP (Volume Weighted Average Price) establishes intraday value zones and institutional benchmarks. Price Action Filters Fibonacci retracements are integrated to identify key reversal and continuation levels. Signals are produced only when multiple conditions agree, reducing noise and improving reliability in fast-moving crypto markets. Features Tailored for cryptocurrency trading across major pairs (BTC, ETH, and altcoins). Works effectively on swing and trend-based timeframes (1H–1D). Combines trend, momentum, volatility, and price action into a single framework. Generates clear Buy/Sell markers and integrates with TradingView alerts. How to Use Apply to a clean chart for the clearest visualization. Use Swing Z as a swing trading tool, aligning entries with both trend structure and momentum confirmation. Combine with your own stop-loss, take-profit, and position sizing rules. Avoid application on non-standard chart types such as Renko, Heikin Ashi, or Point & Figure, which may distort results. Disclaimer Swing Z is designed as a decision-support tool, not financial advice. All backtesting should use realistic risk, commission, and slippage assumptions. Past results do not guarantee future performance. Signals do not repaint but may adjust as new data develops in real-time. Why Swing Z is original & useful: Swing Z unifies EMA trend structure, RSI, MACD, TTM Squeeze, VWAP, Fibonacci retracements, and volume analysis into a single algorithmic framework. This multi-confirmation approach improves accuracy by requiring consensus across trend, momentum, volatility, and price action — a design made specifically for the challenges and volatility of cryptocurrency markets.
Pine Script® göstergesi
ericc2c45 tarafından
How to avoid repainting when using security() - viewing optionsHow to avoid repainting when using the security() - Edited PineCoders FAQ with more viewing options This may be of value to a limited few, but I've introduced a set of Boolean inputs to PineCoders' original script because viewing all the various security lines at once was giving me a brain cramp. I wanted to study each behavior one-by-one. This version (also updated to PineScript v6) will allow users to selectively display each, or any combination, of the security plots. Each plot was updated to include a condition tied to its corresponding input, ensuring it only appears when explicitly enabled. The label-rendering logic only displays when its related plot is active; however, I've also added an input that allows you to remove all labels, enabling you to see the price action more clearly (the labels can sometimes obscure what you want to see). Run this script in replay mode to view the nuanced differences between the 12 methods while selecting/deselecting the desired plots (selecting all at once can be overcrowded and confusing). All thanks and credit to PineCoders--these changes I made only provide more control over what’s shown on the chart without altering the core structure or intent of the original script. It helped me, so I thought I should share it. If I inadvertently messed something up, please let me know, and I will try to fix it. I set the defaults for viewing monthly security functions on the daily timeframe. Only the first 2 security functions plot with the default settings, so change the settings as needed. Be sure to read the original notes and detailed explanations in the PineCoders posting "How to avoid repainting when using security() - PineCoders FAQ." Bottom line, you should use one of the two functions: f_secureSecurity or f_security, depending on what you are trying to do. Hopefully, this script will make it a little easier for the visual learner to understand why (use replay mode or watch live price action on a lower timeframe).
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kindChile34275 tarafından
Goldbach Time Indicator🔧 Key Fixes Applied: 1. Time Validation & Bounds Checking: Hour/Minute Bounds: Ensures hours stay 0-23, minutes stay 0-59 Edge Case Handling: Prevents invalid time calculations from causing missing data UTC Conversion Safety: Better handling of timezone edge cases 2. Enhanced Value Validation: NA Checking: Validates all calculated values before using them Goldbach Detection: Only flags valid, non-NA values as Goldbach hits Plot Safety: Prevents plotting invalid or NA values that could cause gaps 3. Improved Plot Logic: Core Level Colors: Blue for core levels (29,35,71,77), yellow/lime/orange for regular hits Debug Mode Enhanced: Shows all calculations with gray dots when enabled Better Filtering: Only plots positive, valid values for minus calculations 4. Background vs Dots Issue: The large green/blue background you see suggests the indicator is detecting Goldbach times correctly, but the dots weren't plotting due to validation issues. This should now be fixed.
Pine Script® göstergesi
rizwanakram031 tarafından
Index Position Size Calculator for [US30 / US100 / SP500]What it does This tool helps you size positions consistently for index trades on US30 (Dow Jones), NAS100 (Nasdaq-100), and SP500 (S&P 500). Enter your account balance, risk %, and your planned Entry / Stop-Loss / Target and the script calculates: • Position Size (rounded to your lot/contract step) • Risk-to-Reward (R/R) • Potential P/L in USD based on your inputs • Visual Entry / SL / TP lines with green/red zones and concise labels Supported contract styles Choose a preset for common products (e.g., CFD $1/pt, YM/NQ/ES futures, MYM/MNQ/MES micros) or override the economics yourself. You remain in control of the two key levers: • $/point — how many dollars you gain/lose per 1 index point per contract/lot • Point size — how many price units equal 1 index point on your chart (often 1.0, but some brokers use 0.1 or 0.5) Inputs • Account Balance ($) and Risk % per trade • Index: US30 / NAS100 / SP500 • Contract: CFD / Futures (YM, NQ, ES) / Micros (MYM, MNQ, MES) • $/point: auto from Contract or manual override • Point size: auto from Index or manual override • Position size step: rounding (e.g., 1 for futures, 0.01 for CFDs) • Entry / SL / TP: typed values (snapped to tick), with on-chart zones and labels • Display toggles for lines and labels How the math works • StopPoints = |Entry − SL| ÷ PointSize • ProfitPoints = |TP − Entry| ÷ PointSize • Position Size = (AccountBalance × Risk%) ÷ (StopPoints × $/point) • R/R = ProfitPoints ÷ StopPoints • Potential P/L = PositionSize × Points × $/point How to use (quick start) 1. Select Index and Contract. 2. Confirm $/point and Point size match your broker’s specs. 3. Enter Entry / SL / TP for the trade idea. 4. Read the Position Size, R/R, and Potential P/L in the info box. 5. Adjust for fees, spreads, and slippage as needed. Notes & limitations • Broker symbols can vary. Always verify $/point and Point size for your instrument before risking capital. • The script does not place orders and does not generate trade signals; it’s a sizing/visualization tool. • Results can differ across brokers due to pricing, spreads, minimum lot sizes, and execution rules. • Use on the intended indices; you’ll see a reminder if you load it elsewhere. Changelog highlights • Pine v6, constant-safe inputs, tick-snapping, global fills (no local-scope errors). • Robust label handling and optional minimal chart markers. Disclaimer This script is provided for educational purposes only and does not constitute financial advice or a recommendation to buy or sell any security or derivative. Trading involves risk, including the possible loss of principal. Always do your own research, verify contract specifications with your broker, and consider testing in a demo environment before trading live.
Pine Script® göstergesi
smithyommite tarafından
Apex Edge - London Open Session# Apex Edge - London Open Session Trading System ## Overview The London Open Session indicator captures institutional price action during the first hour of the London forex session (8:00-9:00 AM GMT) and identifies high-probability breakout and retest opportunities. This system tracks the session's high/low range and generates precise entry signals when price breaks or retests these key institutional levels. ## Core Strategy **Session Tracking**: Automatically identifies and marks the London Open session boundaries, creating a trading zone from the first hour's price range. **Dual Entry Logic**: - **Breakout Entries**: Triggers when price closes beyond the session high/low and continues in that direction - **Retest Entries**: Activates when price returns to test the broken level as new support/resistance **Performance Analytics**: Built-in win rate tracking displays real-time performance statistics over user-defined lookback periods, enabling data-driven optimization for each currency pair. ## Key Features ### Automated Zone Detection - Precise London session timing with timezone offset controls - Visual session boundaries with customizable colours - Automatic high/low range calculation and display ### Smart Entry System - Breakout confirmation requiring candle close beyond zone - Retest detection with configurable pip distance tolerance - Separate risk/reward ratios for breakout vs retest entries - Visual entry arrows with clear trade direction labels ### Performance HUD - Real-time win rate calculation over customizable periods (7-365 days) - Total trades tracking with win/loss breakdown - Average risk-reward ratio display - Color-coded performance metrics (green >70%, yellow >50%, red <50%) ### PineConnector Integration - Direct MT4/MT5 execution via PineConnector alerts - Proper forex pip calculations for all currency pairs - Customizable risk percentage per trade - Symbol override capability for broker compatibility - Automatic SL/TP level calculation in pips ## Critical Usage Requirements ### Pair-Specific Optimization Each currency pair requires individual optimization due to varying volatility characteristics, institutional participation levels, and typical price ranges during London hours. The performance HUD is essential for identifying optimal settings before live trading. **Recommended Testing Process**: 1. Apply indicator to desired currency pair and timeframe 2. Experiment with session timing - while 8:00-9:00 AM GMT is standard, some pairs may show improved performance with alternative hourly windows (e.g., 7:00-8:00 AM or 9:00-10:00 AM) 3. Adjust Stop Loss distances, Risk/Reward ratios, and Retest distances 4. Monitor win rate over 30+ day periods using the performance HUD 5. Only proceed with live alerts once consistent 60%+ win rates are achieved 6. Create separate optimized chart setups for each profitable pair/timeframe combination ### Timeframe Specifications This indicator is specifically designed and tested for: - **1-minute charts**: Optimal for capturing immediate institutional reactions - **5-minute charts**: Balanced approach between noise reduction and opportunity frequency Higher timeframes generally produce inferior results due to increased noise and reduced institutional edge during the London session window. ## Settings Configuration ### Session Timing - **London Open/Close Hours**: Adjust for your chart's timezone - **Rectangle End Time**: Set to 4:30 PM to stop signals before NY session close - **Timezone Offset**: Ensure accurate London session capture ### Entry Parameters - **Retest Distance**: 3-8 pips depending on pair volatility - **Stop Loss Pips**: Separate settings for breakouts (10-15 pips) and retests (8-12 pips) - **Risk/Reward Ratios**: Independent ratios for different entry types ### PineConnector Setup - **License ID**: Your PineConnector license key - **Symbol Override**: MT4/MT5 symbol names if different from TradingView - **Risk Percentage**: Position size as percentage of account balance - **Prefix/Comment**: Organize trades in terminal ## Manual Trading Limitations Without PineConnector automation, traders face significant practical challenges: **Settings Management**: Each currency pair requires different optimized parameters. Switching between charts means manually adjusting multiple settings each time, creating potential for errors and missed opportunities. **Timing Sensitivity**: London Open signals can occur rapidly during high-volatility periods. Manual execution may result in slippage or missed entries. **Multi-Pair Monitoring**: Tracking 4-11 currency pairs simultaneously while manually adjusting settings for each switch becomes impractical for most traders. **Parameter Consistency**: Risk of using suboptimal settings when quickly switching between pairs, potentially compromising the careful optimization work. ## Recommended Workflow 1. **Historical Testing**: Use win rate HUD to identify profitable pairs and optimal parameters 2. **Demo Automation**: Test PineConnector alerts on demo accounts with optimized settings 3. **Live Implementation**: Deploy alerts only on proven profitable pair/timeframe combinations 4. **Ongoing Monitoring**: Regular review of performance metrics to maintain edge ## Risk Disclaimer This indicator provides analysis tools and automation capabilities but does not guarantee profitable trading outcomes. Past performance does not predict future results. Users should thoroughly backtest and demo trade before risking live capital. The London session strategy works best during specific market conditions and may underperform during low volatility or unusual market environments. ## Support Requirements Successful implementation requires: - Basic understanding of London session market dynamics - PineConnector subscription for automation features - Patience for proper optimization process - Realistic expectations about win rates and drawdown periods This system is designed for serious traders willing to invest time in proper optimization and risk management rather than plug-and-play solutions.
Pine Script® göstergesi
ApexEdge tarafından
2
CM Indicator About Indicator:- 1) This is best Indicator for trend identification. 2) This is based on 42 EMA with Upper Band and Lower bands for trend identification. 3) This should be used for Line Bar chart only. 4) Line bar chart should be used at 1 hour for 15 line breaks. How to Use:- 1) To go with trend is best use of this indicator. 2) This is for stocks and options not for index. Indicator used for Stocks at one hour and options for 10-15 minutes line break. 3) There will be 5% profitability defined for each entry, 3 entries with profit are best posible in same continuous trend 4 and 5th entry is in riskier zone in continuous trend. 4) Loss will only happen if there is trend reversal. 5) Loss could only be one trade of profit out of three profitable trades. 6) Back tested on 200 stocks and 100 options.
Pine Script® göstergesi
Chhagan_2021 tarafından
pinecon testerThe Pine Editor is moving from the bottom panel to the side panel. This change will happen in phases over the following weeks. By default, the new editor view overlays on the right side of the screen. For wider screens, a split-view mode is available, which automatically adjusts the chart’s width to keep it visible alongside the editor. With this new vertical orientation, users can easily edit code and view other tabs such as the Strategy Tester or Replay Trading at the same time.
Pine Script® göstergesi
Guna6719 tarafından
Chart-Only Scanner — Pro Table v2.5.1Chart-Only Scanner — Pro Table v2.5 User Manual (Pine Script v6) What this tool does (in one line) A compact, on-chart table that scores the current chart symbol (or an optional override) using momentum, volume, trend, volatility, and pattern checks—so you can quickly decide UP, DOWN, or WAIT. Quick Start (90 seconds) Add the indicator to any chart and timeframe (1m…1M). Leave “Override chart symbol” = OFF to auto-use the chart’s symbol. Choose your layout: Row (wide horizontal strip), or Grid (title + labeled cells). Pick a size preset (Micro, Small, Medium, Large, Mobile). Optional: turn on “Use Higher TF (EMA 20/50)” and set HTF Multiplier (e.g., 4 ⇒ if chart is 15m, HTF is 60m). Watch the table: DIR (↑/↓/→), ROC%, MOM, VOL, EMA stack, HTF, REV, SCORE, ACT. Add an alert if you want: the script fires when |SCORE| ≥ Action threshold. What to expect A small table appears on the chart corner you choose, updating each bar (or only at bar close if you keep default smart-update). The ACT cell shows 🔥 (strong), 👀 (medium), or ⏳ (weak). Panels & Settings (every option explained) Core Momentum Period: Lookback for rate-of-change (ROC%). Shorter = more reactive; longer = smoother. ROC% Threshold: Minimum absolute ROC% to call direction UP (↑) or DOWN (↓); otherwise →. Require Volume Confirmation: If ON and VOL ≤ 1.0, the SCORE is forced to 0 (prevents low-volume false positives). Override chart symbol + Custom symbol: By default, the indicator uses the chart’s symbol. Turn this ON to lock to a specific ticker (e.g., a perpetual). Higher TF Use Higher TF (EMA 20/50): Compares EMA20 vs EMA50 on a higher timeframe. HTF Multiplier: Higher TF = (chart TF × multiplier). Example: on 3H chart with multiplier 2 ⇒ HTF = 6H. Volatility & Oscillators ATR Length: Used to show ATR% (ATR relative to price). RSI Length: Standard RSI; colors: green ≤30 (oversold), red ≥70 (overbought). Stoch %K Length: With %D = SMA(%K, 3). MACD Fast/Slow/Signal: Standard MACD values; we display Line, Signal, Histogram (L/S/H). ADX Length (Wilder): Wilder’s smoothing (internal derivation); also shows +DI / −DI if you enable the ADX column. EMAs / Trend EMA Fast/Mid/Slow: We compute EMA(20/50/200) by default (editable). EMA Stack: Bull if Fast > Mid > Slow; Bear if Fast < Mid < Slow; Flat otherwise. Benchmark (optional, OFF by default) Show Relative Strength vs Benchmark: Displays RS% = ROC(symbol) − ROC(benchmark) over the Momentum Period. Benchmark Symbol: Ticker used for comparison (e.g., BTCUSDT as a market proxy). Columns (show/hide) Toggle which fields appear in the table. Hiding unused fields keeps the layout clean (especially on mobile). Display Layout Mode: Row = a single two-row strip; each column is a metric. Grid = a title row plus labeled pairs (label/value) arranged in rows. Size Preset: Micro, Small, Medium, Large, Mobile change text size and the grid density. Table Corner: Where the panel sits (e.g., Top Right). Opaque Table Background: ON = dark card; OFF = transparent(ish). Update Every Bar: ON = update intra-bar; OFF = smart update (last bar / real-time / confirmed history). Action threshold (|score|): The cutoff for 🔥 and alert firing (default 70). How to read each field CHART: The active symbol name (or your custom override). DIR: ↑ (ROC% > threshold), ↓ (ROC% < −threshold), → otherwise. ROC%: Rate of change over Momentum Period. Formula: (Close − Close ) / Close × 100. MOM: A scaled momentum score: min(100, |ROC%| × 10). VOL: Volume ratio vs 20-bar SMA: Volume / SMA(Volume,20). 1.5 highlights as yellow (significant participation). ATR%: (ATR / Close) × 100 (volatility relative to price). RSI: Colored for extremes: ≤30 green, ≥70 red. Stoch K/D: %K and %D numbers. MACD L/S/H: Line, Signal, Histogram. Histogram color reflects sign (green > 0, red < 0). ADX, +DI, −DI: Trend strength and directional components (Wilder). ADX ≥ 25 is highlighted. EMA 20/50/200: Current EMA values (editable lengths). STACK: Bull/Bear/Flat as defined above. VWAP%: (Close − VWAP) / Close × 100 (premium/discount to VWAP). HTF: ▲ if HTF EMA20 > EMA50; ▼ if <; · if flat/off. RS%: Symbol’s ROC% − Benchmark ROC% (positive = outperforming). REV (reversal): 🟢 Eng/Pin = bullish engulfing or bullish pin detected, 🔴 Eng/Pin = bearish engulfing or bearish pin, · = none. SCORE (absolute shown as a number; sign shown via DIR and ACT): Components: base = MOM × 0.4 volBonus = VOL > 1.5 ? 20 : VOL × 13.33 htfBonus = use_mtf ? (HTF == DIR ? 30 : HTF == 0 ? 15 : 0) : 0 trendBonus = (STACK == DIR) ? 10 : 0 macdBonus = 0 (placeholder for future versions) scoreRaw = base + volBonus + htfBonus + trendBonus + macdBonus SCORE = DIR ≥ 0 ? scoreRaw : −scoreRaw If Require Volume Confirmation and VOL ≤ 1.0 ⇒ SCORE = 0. ACT: 🔥 if |SCORE| ≥ threshold 👀 if 50 < |SCORE| < threshold ⏳ otherwise Practical examples Strong long (trend + participation) DIR = ↑, ROC% = +3.2, MOM ≈ 32, VOL = 1.9, STACK = Bull, HTF = ▲, REV = 🟢 SCORE: base(12.8) + volBonus(20) + htfBonus(30) + trend(10) ≈ 73 → ACT = 🔥 Action idea: look for longs on pullbacks; confirm risk with ATR%. Weak long (no volume) DIR = ↑, ROC% = +1.0, but VOL = 0.8 and Require Volume Confirmation = ON SCORE forced to 0 → ACT = ⏳ Action: wait for volume > 1.0 or turn off confirmation knowingly. Bearish reversal warning DIR = →, REV = 🔴 (bearish engulfing), RSI = 68, HTF = ▼ SCORE may be mid-range; ACT = 👀 Action: watch for breakdown and rising VOL. Alerts (how to use) The script calls alert() whenever |SCORE| ≥ Action threshold. To receive pop-ups, sounds, or emails: click “⏰ Alerts” in TradingView, choose this indicator, and pick “Any alert() function call.” The alert message includes: symbol, |SCORE|, DIR. Layout, Size, and Corner tips Row is best when you want a compact status ribbon across the top. Grid is clearer on big screens or when you enable many columns. Size: Mobile = one pair per row (tall, readable) Micro/Small = dense; good for many fields Large = presentation/screenshots Corner: If the table overlaps price, change the corner or set Opaque Background = OFF. Repaint & timeframe behavior Default smart update prefers stability (last bar / live / confirmed history). For a stricter, “close-only” behavior (less repaint): turn Update Every Bar = OFF and avoid Heikin Ashi when you want raw market OHLC (HA modifies price inputs). HTF logic is derived from a clean, integer multiple of your chart timeframe (via multiplier). It works with 3H/4H and any TF. Performance notes The script analyzes one symbol (chart or override) with multiple metrics using efficient tuple requests. If you later want a multi-symbol grid, do it with pages (10–15 per page + rotate) to stay within platform limits (recommended future add-on). Troubleshooting No table visible Ensure the indicator is added and not hidden. Try toggling Opaque Background or switch Corner (it might be behind other drawings). Keep Columns count reasonable for the chosen Size. If you turned ON Override, verify the Custom symbol exists on your data provider. Numbers look different on HA candles Heikin Ashi modifies OHLC; switch to regular candles if you need raw price metrics. 3H/4H issues Use integer HTF Multiplier (e.g., 2, 4). The tool builds the correct string internally; no manual timeframe strings needed. Power user tips Volume gating: keeping Require Volume Confirmation = ON filters most fake moves; if you’re a scalper, reduce strictness or turn it off. Action threshold: 60–80 is typical. Higher = fewer but stronger signals. Benchmark RS%: great for spotting leaders/laggards; positive RS% = outperformance vs benchmark. Change policy & safety This version doesn’t alter your historical logic you tested (no radical changes). Any future “radical” change (score weights, HTF logic, UI hiding data) will ship with a toggle and an Impact Statement so you can keep old behavior if you prefer. Glossary (quick) ROC%: Percent change over N bars. MOM: Scaled momentum (0–100). VOL ratio: Volume vs 20-bar average. ATR%: ATR as % of price. ADX/DI: Trend strength / direction components (Wilder). EMA stack: Relationship between EMAs (bullish/bearish/flat). VWAP%: Premium/discount to VWAP. RS%: Relative strength vs benchmark.
Pine Script® göstergesi
humoudq8 tarafından
Smart Wick AnalyzerSmart Wick Analyzer (SWA) Purpose: Highlight potential liquidity‑grab candles (long wicks) and turn them into actionable, rule‑based buy/sell signals with trend, volume, and cooldown filters. Type: Indicator (not a strategy). Educational tool to contextualize wick events. 🧠 What This Script Does SWA looks for candles where the wick is large relative to its body—a common signature of liquidity sweeps / rejection. It then adds three confirmations before marking a trade signal: 1. Wick Event • Upper‑wick event (possible rejection from above) • Lower‑wick event (possible rejection from below) • Condition: wick length > body × Wick‑to‑Body Ratio 2. Context Filters • Trend filter : closing price vs. SMA of lookbackBars • Volume filter : current volume vs. average volume × volumeThreshold 3. Signal Hygiene • Cooldown : prevents clustering; a minimum number of bars must pass before a new signal is allowed. If a candle passes these checks: • Buy Signal (triangle up): long lower wick + price above SMA + relative‑high volume + cooldown passed • Sell Signal (triangle down): long upper wick + price below SMA + relative‑high volume + cooldown passed The signal candle is also bar‑colored black for quick visual focus. ⸻ ✳️ What the Dotted Lines Mean (including the green one) On every signal bar the script draws two dotted horizontal levels, extended to the right: • Open line of the signal candle • Close line of the signal candle • They use the signal color: green for Buy, red for Sell. How to interpret (example: green = Buy signal): • The green dotted close line represents the momentum validation level. If subsequent candles close above this line, it indicates follow‑through after the wick rejection (buyers defended into the close). • The green dotted open line is a risk context / invalidation reference. If price falls back below it soon after the signal, the wick event may have failed or devolved into chop. In your annotated chart: the candle initially looked constructive (“closing above could be positive momentum”), but later price failed and rotated down—hence a sell signal interpreted when an upper‑wick event occurred under down‑trend conditions. ⸻ ⚙️ Inputs & What They Control • Wick‑to‑Body Ratio (wickThreshold): how “extreme” a wick must be to count as a liquidity‑grab. • Lookback Period (lookbackBars): • SMA period for trend context • Volume MA for relative‑volume check • Volume Multiplier (volumeThreshold): strengthens/loosens volume confirmation. • Cooldown Bars (cooldownBars): minimum spacing between consecutive signals. • Enable Alerts (showAlerts): turns on alert conditions. ⸻ 🔔 Alerts (exact titles) • “SWA Buy Alert” — potential reversal / Buy signal detected • “SWA Sell Alert” — potential reversal / Sell signal detected ⸻ 📌 How to Use (practical guide) 1. Scan for the black‑colored signal candle and its dotted lines. 2. For Buy signals (green): Prefer continuation if price closes above the green close line within the next few bars. Manage risk using the open line or your own level. 3. For Sell signals (red): Prefer continuation if price closes below the red close line. 4. Avoid chasing during low‑volume / counter‑trend signals; the filters help, but structure (HTF trend, S/R, session context) still matters. 5. Use the cooldown to reduce noise on fast time frames. ⸻ ✅ Why This Isn’t Just “Another Wick Indicator” • The script does not flag every long‑wick; it requires trend alignment and relative volume to suggest participation. • The two reference lines (open/close) provide post‑signal state tracking—a simple, visual framework to judge follow‑through vs. failure without additional tools. • Cooldown logic discourages clustered, low‑quality repeats around the same zone. ⸻ ⚠️ Notes & Limitations • Works across markets/time frames, but wick behavior varies by instrument and session. Parameters may need adjustment. • Signals are contextual, not guarantees. Consolidation and news spikes can invalidate wick reads. • This indicator is not a strategy; it does not backtest performance on its own. ⸻ 📄 Disclaimer This tool is for educational purposes only and should be combined with personal analysis and risk management. Markets are uncertain; past behavior does not guarantee future results.
Pine Script® göstergesi
TradeTechanalysis tarafından
EFXU Banker Level Price GridThe EFXU Banker Level Price Grid indicator draws fixed horizontal price levels at key whole-number intervals for Forex pairs, regardless of zoom level or timeframe. It’s designed for traders who want consistent visual reference points for major and minor price zones across all charts. Features: Major 1000-pip zones (bold lines) above and below a fixed origin price (auto-detects 1.00000 for non-JPY pairs and 100.000 for JPY pairs, or set manually). 500-pip median levels (dashed lines) between each major zone. 100-pip subdivisions (dotted lines) within each 1000-pip zone. Adjustable number of zones above and below the origin. Customizable colors, line widths, and label sizes. Optional labels on the right edge for quick zone identification. Works on all timeframes and stays visible regardless of zoom or price position. Use case: This tool is ideal for traders using institutional-level zones, psychological price levels, or “big money” areas for planning entries, exits, and risk management. Perfect for swing traders, position traders, and scalpers who rely on major pip milestones for market structure context.
Pine Script® göstergesi
mjwforex tarafından
ATR x2 AUTODescription: This indicator automatically plots ATR-based horizontal levels for each of the most recent candles, helping traders visualize potential stop-loss hunting zones, breakout areas, or price reaction points. It works by taking the Average True Range (ATR) over a customizable period and multiplying it by a user-defined factor (default: ×2). For each of the last N candles (default: 5), it calculates and draws: Below green candles (bullish) → A horizontal line placed ATR × multiplier below the candle’s low. Above red candles (bearish) → A horizontal line placed ATR × multiplier above the candle’s high. Doji candles → No line is drawn. Each line extends to the right indefinitely, allowing traders to monitor how price reacts when returning to these ATR-based levels. This makes the tool useful for: Identifying likely stop-loss clusters below bullish candles or above bearish candles. Anticipating liquidity sweeps and fakeouts. Supporting breakout or reversal strategies. Key Features: Customizable ATR length, multiplier, number of recent candles, and line thickness. Separate colors for bullish and bearish candle levels. Automatic real-time updates for each new bar. Clean overlay on the main price chart. Inputs: ATR Length → Period used for ATR calculation. Multiplier → Factor applied to the ATR distance. Number of Candles → How many recent candles to track. Line Thickness and Colors → Full visual customization. Usage Tip: These levels can be combined with key market structure points such as support/resistance, trendlines, or the 200 EMA to anticipate high-probability price reactions.
Pine Script® göstergesi
BullBearSR tarafından
Mancin Bitcoin CorrelationMancin Bitcoin Correlation This indicator calculates the correlation coefficient between a selected asset and Bitcoin (default: BYBIT:BTCUSDT) over a specified period, and visualizes it as a line or columns with a dynamic color gradient. Features: Correlation values range from -1 (inverse relationship) to +1 (strong direct relationship). Gradient fill changes intensity based on correlation strength: Positive correlation uses the “high correlation” color. Negative correlation uses the “low correlation” color. Fully customizable: Colors for positive and negative correlation. Base transparency. Gradient strength (sensitivity of transparency to correlation changes). Correlation length. Line style and color (Line or Columns). Use cases: Track how closely your asset moves with Bitcoin. Spot moments when the asset starts moving in sync or diverging from BTC. Useful for pair trading, arbitrage strategies, and assessing BTC’s market influence.
Pine Script® göstergesi
grishkamm tarafından