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Komut dosyalarını "relative strength" için ara

Technical RankHello Traders, Technical Rank (TR) was authored by John Murphy . Technical Rank shows how a security is performing relative to its peers. Multiple moving averages, rate of change and the Relative Strength Index (RSI) indicators are used to calculate the Technical Rank. These values are mathematically manipulated with percentage factors and then summed together. there are 3 parts, long term, middle term and short term. for Long term part Moving Average with length 200 (30%) and Rate of Change with the length 125 (30%) are used, for middle term part, Moving Average with length 50 (15%) and Rate of Change with the length 20 (15%) are used and for short term part, PPO (5%) and RSI (5%) used. Technical Rank is created using the following formula and weightings: Long-Term Indicators (weighting): Percent above/below the 200-day exponential moving average (EMA) (30% weight) and the 125-day rate-of-change (ROC) (30% weight). Medium-Term Indicators (weighting): Percent above/below 50-day EMA (15%) and the 20-day rate-of-change (15%). Short-Term Indicators (weighting): Three-day slope of percentage price oscillator histogram divided by three (5%) and the relative strength index (5%). The scripts calculates Technical Rank for 10 different securities and sorts them by Technical Rank value. A ranking of zero indicates the stock is the weakest in the group technically. A rank of 100 indicates the stock ranks highest in terms of technical performance. An increasing Technical Rank means the stock's price performance is showing strength relative to the group of stock being analyzed. A decreasing Technical Rank shows deteriorating relative price performance. Securities in the top 3-4 will have a technical rank of 70 or higher. You should focus on these relatively strong securities for potential long positions on pullbacks. You can also use the technical rank to avoid weak securities (in the bottom 3-4). I recommend you to check Technical Rank for the securities in multiple time frames. You can choose the symbols as you want but you should choose the symbols with the same session info. for example only Cryptos, only Stocks, only FX pairs etc. (not mix of them). Enjoy!
Pine Script® göstergesi
LonesomeTheBlue tarafından
31
(JS) Ultimate RSISo my goal here was to combine all of my RSI ideas into a single indicator in order to make kind of a "Swiss Army Knife" version of the Relative Strength Index ... ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ So, let's begin with the first RSI indicator I made, which is the RSIDVW (Divergence/Volume Weighted); To rephrase my original post, the "divergence/volume weighted" portion is meant to expand upon the current RSI format by adding more variables into the equation. The standard RSI is based off one value that you select (open, close, OHLC4, HLC3, etc.) while this version takes three variables into account. The default setting is to have RSI normal without anything added to it (Divergence Weight = 0) 1st - it takes the standard variable that RSI normally uses. 2nd - it factors RSI divergence by taking the RSI change % and price change % to form a ratio. Using this ratio, I duplicated the RSI formula and created a divergence RS to be factored in with the standard price RS . 3rd - it takes Relative Volume and amplifies/weakens the move based upon volume confirmation. (So if Relative Volume for a price bar is 1.0, the RSI plot would be the same as it normally would) So to explain the parameters - Relative Volume Length: This uses the RV length you specify to determine spikes in volume (or lack of volume ), which then is added into the formula to influence the strength of the RSI move - RV x Divergence: This is how I calculated the original formula, but you can leave this unchecked to turn Relative Volume off, or apply elsewhere. - RV x RS: There's two sides, Divergence RS and Standard RS - these check marks allow you to select which part you prefer to be multiplied by Relative Volume . Checking neither turns off Relative Volume , while checking both amplifies its effects by placing it on both sides of the equation. -Divergence Weight: This controls how much the DVW portion of the formula influences the RSI plot. As I referred to earlier, default is 0 making RSI normal. The Scale is 0-2, so 1.0 would be the same as 50%. When I do have DVW on, I generally set it to 0.5 -SMA Divergence: To smooth, or not to smooth, that is the question. UJsing an SMA here is much smoother in my opinon, but leaving it unchecked runs it through an RMA the same way standard RSI is calculated. -Show Fractal Channel: This allows you to see the whole fractal channel around the RSI (This portion of the code, compliments of the original Ricardo Santos fractal script) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ The next portion of the script is adding a "Slow RSI"... This is rather simple really, it allows you to add a second RSI plot so that you can watch for crossovers between fast and slow lines. -Slow RSI: This turns on the second RSI Plot. -Slow RSI Length: This determines the length of the second RSI Plot. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Pivot Point RSI was something a friend of mine requested I make which turned out pretty cool, I thought... It is also available in this indicator. -Pivot Points: Selecting this enables the rest of the pivot point related parts of the script If Pivot Points isn't selected, none of the following things will work -Plot Pivot: Plots the pivot point . -Plot S1/R1: Plots S1/R1. -Plot S2/R2: Plots S2/R2. -Plot S3/R3: Plots S3/R3. -Plot S4/R4: Plots S4/R4. -Plot S5/R5: Plots S5/R5. -Plot Halfway Points: Plots a line between each pivot . -Show Pivot Labels: Shows the proper label for each pivot . When using intraday charts, from a 15 minute interval or less the pivots are calculated based on a single days worth of price action, above that the distance expands. Here are the current resolutions Pivot Points will work with: Minutes - 1 , 2, 3, 5, 10, 13, 15, 20, 30, 39, 78, 130, 195 Hours - 1, 2, 3, 4, 5, 6 Daily Weekly Currently not available on seconds or monthly ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Background Colors Background Colors: I have six color schemes I created for this which can be toggled here (they can be edited). Gray Background for Dark Mode: Having this on looks much better when using dark mode on your charts. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Now finally the last portion, Fibonacci Levels -Fibonacci Levels: This is off, by default, which then uses the standard levels on RSI (30-50-70). When turned on, it removes these and marks fib levels from 0.146 through 0.886. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ So the quick rundown: Ultimate RSI contains "divergence/volume weighted" modifications, a slow RSI plot, pivot points , and Fibonacci levels all while auto-plotting divergence and having the trend illustrated in the background colors. RSI has always been my "go to" indicator, so I hope you all enjoy this as much as I do!
Pine Script® göstergesi
J-Streak tarafından
7
Advanced RSI-ADX-Bollinger Market Overview DashboardStudy Material: Advanced RSI–ADX–Bollinger Market Overview Dashboard This dashboard is a comprehensive trading tool designed to combine three powerful technical analysis methods—RSI (Relative Strength Index), ADX (Average Directional Index), and Bollinger Bands—into one unified system with live table output and progress indicators. It aims to provide a complete market snapshot at a glance, helping traders monitor momentum, volatility, trend, and market signals. ________________________________________ 🔹 Core Concepts Used 1. RSI (Relative Strength Index) • RSI measures market momentum by comparing price gains and losses. • A high RSI indicates overbought conditions (possible reversal or sell zone). • A low RSI indicates oversold conditions (possible reversal or buy zone). • In this dashboard, RSI is also represented with progress bars to show how far the current value is moving toward extreme zones. 2. ADX (Average Directional Index) • ADX is used to gauge the strength of a trend. • When ADX rises above a threshold, it signals a strong trend (whether bullish or bearish). • The system checks when ADX momentum crosses above its threshold to confirm whether a signal has strong backing. 3. Bollinger Bands • Bollinger Bands measure volatility around a moving average. • The upper band indicates potential overbought pressure, while the lower band shows oversold pressure. • Expansion of the bands signals rising volatility, contraction shows calming markets. • This tool also assigns a BB Trend Label: Expand ↑ (bullish), Contract ↓ (bearish), or Neutral →. ________________________________________ 🔹 What This Dashboard Tracks 1. Signal Generation o BUY Signal: RSI oversold + price near lower Bollinger Band + ADX strength confirmation. o SELL Signal: RSI overbought + price near upper Bollinger Band + ADX strength confirmation. o Labels are plotted on the chart to indicate BUY or SELL points. 2. Trend Direction & Strength o The script analyzes short- and medium-term moving averages to decide whether the market is Bullish, Bearish, or Flat. o An arrow symbol (↑, ↓, →) is shown to highlight the trend. 3. Signal Performance Tracking o Once a BUY or SELL signal is active, the dashboard tracks:  Maximum profit reached  Maximum loss faced  Whether the signal is still running or closed o This gives the trader performance feedback on past and ongoing signals. 4. Volume Analysis o Volume is split into Buy Volume (candles closing higher) and Sell Volume (candles closing lower). o This provides insight into who is in control of the market—buyers or sellers. 5. Comprehensive Data Table o A professional table is displayed directly on the chart showing:  RSI Value  ADX Strength  Buy/Sell Volumes  Trend Direction  Bollinger Band Trend  Previous Signal Performance (Max Profit / Max Loss)  Current Signal Performance (Max Profit / Max Loss)  Symbol Name o Each metric is color-coded for instant decision-making. 6. Progress Indicators o RSI Progress Bar (0–100 scale). o ADX Progress Bar (0–50 scale). o Bollinger Band Expansion/Contraction progress. o Signal profit/loss progress visualization. 7. Market Status Summary o The dashboard issues a status label such as:  🔴 SELL ACTIVE  🔵 BUY ACTIVE  🟢 BULL MARKET  🔴 BEAR MARKET  🟡 NEUTRAL ________________________________________ 🔹 Practical Use Case This dashboard is ideal for traders who want a consolidated decision-making tool. Instead of monitoring RSI, ADX, and Bollinger Bands separately, the system automatically combines them and shows signals, trends, volumes, and performance in one view. It can be applied to: • Intraday Trading (short-term moves with high volatility). • Swing Trading (holding positions for days to weeks). • Trend Confirmation (identifying when to stay in or exit trades). ________________________________________ ⚠️ Strict Disclaimer (aiTrendview Policy) • This script is a research and educational tool only. • It does NOT guarantee profits and must not be used as a sole decision-making system. • Past performance tracking inside the dashboard is informational and does not predict future outcomes. • Trading involves significant financial risk, including potential loss of all capital. • Users are fully responsible for their own trading decisions. ________________________________________ 🚫 Misuse Policy (aiTrendview Standard) • Do not misuse this tool for false claims of guaranteed profits. • Redistribution, resale, or repackaging under another name is strictly prohibited without aiTrendview permission. • This tool is intended to support disciplined trading practices, not reckless speculation. • aiTrendview does not support gambling-style use or over-leveraging based on this script. ________________________________________ 👉 In short: This system is a professional decision-support tool that integrates RSI, ADX, and Bollinger Bands into one dashboard with signals, performance tracking, and progress visualization. It helps traders see the bigger picture of market health—but the responsibility for action remains with the trader. ________________________________________
Pine Script® göstergesi
aiTrendview-Charting-System tarafından
Key Indicators Dashboard (KID)Key Indicators Dashboard (KID) — Comprehensive Market & Trend Metrics 📌 Overview The Key Indicators Dashboard (KID) is an advanced multi-metric market analysis tool designed to consolidate essential technical, volatility, and relative performance data into a single on-chart table. Instead of switching between multiple indicators, KID centralizes these key measures, making it easier to assess a stock’s technical health, volatility state, trend status, and relative strength at a glance. 🛠 Key Features ⦿ Average Daily Range (ADR %): Measures average daily price movement over a specified period. It is calculated by averaging the daily price range (high - low) over a set number of days (default 20 days). ⦿ Average True Range (ATR): Measures volatility by calculating the average of a true range over a specific period (default 14). It helps traders gauge the typical extent of price movement, regardless of the direction. ⦿ ATR%: Expresses the Average True Range as a percentage of the price, which allows traders to compare the volatility of stocks with different prices. ⦿ Relative Strength (RS): Compares a stock’s performance to a chosen benchmark index (default NIFTYMIDSML400) over a specific period (default 50 days). ⦿ RS Score (IBD-style): A normalized 1–100 rating inspired by Investor’s Business Daily methodology. How it works: The RS Score is based on a weighted average of price changes over 3 months (40%), 6 months (20%), 9 months (20%), and 12 months (20%). The raw value is converted into a percentage return, then normalized over the past 252 trading days so the lowest value maps to 1 and the highest to 100. This produces a percentile-style score that highlights the strongest stocks in relative terms. ⦿ Relative Volume (RVol): Compares a stock's current volume to its average volume over a specific period (default 50). It is calculated by dividing the current volume by the average historical volume. ⦿ Average ₹ Volume (Turnover): Represents the total monetary value of shares traded for a stock. It's calculated by multiplying a day's closing price by its volume, with the final value converted to crores for clarity. This metric is a key indicator of a stock's liquidity and overall market interest. ⦿ Moving Average Extension: Measures how far a stock's current price has moved from from a selected moving average (EMA or SMA). This deviation is normalized by the stock's volatility (ATR%), with a default threshold of 6 ATR used to indicate that the stock is significantly extended and is marked with a selected shape (default Red Flag). ⦿ 52-Weeks High & Low: Measures a stock's current price in relation to its highest and lowest prices over the past year. It calculates the percentage a stock is below its 52-week high and above its 52-week low. ⦿ Market Capitalization: Market Cap represents the total value of all outstanding. ⦿ Free Float: It is the value of shares readily available for public trading, with the Free Float Percentage showing the proportion of shares available to the public. ⦿ Trend: Uses Supertrend indicator to identify the current trend of a stock's price. A factor (default 3) and an ATR period (default 10) is used to signal whether the trend is up or down. ⦿ Minervini Trend Template (MTT): It is a set of technical criteria designed to identify stocks in strong uptrends. Price > 50-DMA > 150-DMA > 200-DMA 200-DMA is trending up for at least 1 month Price is at least 30% above its 52-week low. Price is within at least 25 percent of its 52-week high Table highlights when a stock meets all above criteria. ⦿ Sector & Industry: Display stock's sector and industry, provides categorical classification to assist sector-based analysis. The sector is a broad economic classification, while the industry is a more specific group within that sector. ⦿ Moving Averages (MAs): Plot up to four customizable Moving Averages on a chart. You can independently set the type (Simple or Exponential), the source price, and the length for each MA to help visualize a stock's underlying trend. MA1: Default 10-EMA MA2: Default 20-EMA MA3: Default 50-EMA MA4: Default 200-EMA ⦿ Moving Average (MA) Crossover: It is a trend signal that occurs when a shorter-term moving average crosses a longer-term one. This script identifies these crossover events and plots a marker on the chart to visually signal a potential change in trend direction. User-configurable MAs (short and long). A bullish crossover occurs when the short MA crosses above the long MA. A bearish crossover occurs when the short MA crosses below the long MA. ⦿ Inside Bar (IB): An Inside Bar is a candlestick whose entire price range is contained within the range of the previous bar. This script identifies this pattern, which often signals consolidation, and visually marks bullish and bearish inside bars on the chart with distinct colors and labels. ⦿ Tightness: Identifies periods of low volatility and price consolidation. It compares the price range over a short lookback period (default 3) to the average daily range (ADR). When the lookback range is smaller than the ADR, the indicator plots a marker on the chart to signal consolidation. ⦿ PowerBar (Purple Dot): Identifies candles with a strong price move on high volume. By default, it plots a purple dot when a stock moves up or down by at least 5% and has a minimum volume of 500,000. More dots indicate higher volatility and liquidity. ⦿ Squeezing Range (SQ): Identifies periods of low volatility, which can often precede a significant price move. It checks if the Bollinger Bands have narrowed to a range that is smaller than the Average True Range (ATR) for a set number of consecutive bars (default 3). (UpperBB - LowerBB) < (ATR × 2) ⦿ Mark 52-Weeks High and Low: Marks and labels a stock's 52-Week High and Low prices directly on the chart. It draws two horizontal lines extending from the candles where the highest and lowest prices occurred over the past year, providing a clear visual reference for long-term price extremes. ⏳PineScreener Filters The indicator’s alert conditions act as filters for PineScreener. Price Filter: Minimum and maximum price cutoffs (default ₹25 - ₹10000). Daily Price Change Filter: Minimum and maximum daily percent change (default -5% and 5%). 🔔 Built-in Alerts Supports alert creation for: ADR%, ATR/ATR %, RS, RS Rating, Turnover Moving Average Crossover (Bullish/Bearish) Minervini Trend Template 52-Week High/Low Inside Bars (Bullish/Bearish) Tightness Squeezing Range (SQ) ⚙️ Customizable Visualization Switchable between vertical or horizontal layout. Works in dark/light mode User-configurable to toggle any indicator ON or OFF. User-configurable Moving (EMA/SMA), Period/Lengths and thresholds. ⦿ (Optional) : For horizontal table orientation increase Top Margin to 16% in Chart (Canvas) settings to avoid chart overlapping with table. ⚡ Add this script to your chart and start making smarter trade decisions today! 🚀
Pine Script® göstergesi
Byte2Bull tarafından
2
IU Indicators DashboardDESCRIPTION The IU Indicators Dashboard is a comprehensive multi-stock monitoring tool that provides real-time technical analysis for up to 10 different stocks simultaneously. This powerful indicator creates a customizable table overlay that displays the trend status of multiple technical indicators across your selected stocks, giving you an instant overview of market conditions without switching between charts. Perfect for portfolio monitoring, sector analysis, and quick market screening, this dashboard consolidates critical technical data into one easy-to-read interface with color-coded trend signals. USER INPUTS Stock Selection (10 Configurable Stocks): - Stock 1-10: Customize any symbols (Default: NSE:CDSL, NSE:RELIANCE, NSE:VEDL, NSE:TCS, NSE:BEL, NSE:BHEL, NSE:TATAPOWER, NSE:TATASTEEL, NSE:ITC, NSE:LT) Technical Indicator Parameters: - EMA 1 Length: First Exponential Moving Average period (Default: 20) - EMA 2 Length: Second Exponential Moving Average period (Default: 50) - EMA 3 Length: Third Exponential Moving Average period (Default: 200) - RSI Length: Relative Strength Index calculation period (Default: 14) - SuperTrend Length: SuperTrend indicator period (Default: 10) - SuperTrend Factor: SuperTrend multiplier factor (Default: 3.0) Visual Customization: - Table Size: Choose from Normal, Tiny, Small, or Large - Table Background Color: Customize dashboard background - Table Frame Color: Set frame border color - Table Border Color: Configure border styling - Text Color: Set text display color - Bullish Color: Color for positive/bullish signals (Default: Green) - Bearish Color: Color for negative/bearish signals (Default: Red) LOGIC OF THE INDICATOR The dashboard employs a multi-timeframe analysis approach using five key technical indicators: 1. Triple EMA Analysis - Compares current price against three different EMA periods (20, 50, 200) - Bullish Signal: Price above EMA level - Bearish Signal: Price below EMA level - Provides short-term, medium-term, and long-term trend perspective 2. RSI Momentum Analysis - Uses 14-period RSI with 50-level threshold - Bullish Signal: RSI > 50 (upward momentum) - Bearish Signal: RSI < 50 (downward momentum) - Identifies momentum strength and potential reversals 3. SuperTrend Direction - Utilizes SuperTrend with configurable length and factor - Bullish Signal: SuperTrend direction = -1 (uptrend) - Bearish Signal: SuperTrend direction = 1 (downtrend) - Provides clear trend direction with volatility-adjusted signals 4. MACD Histogram Analysis - Uses standard MACD (12, 26, 9) histogram values - Bullish Signal: Histogram > 0 (bullish momentum) - Bearish Signal: Histogram < 0 (bearish momentum) - Identifies momentum shifts and trend confirmations 5. Real-time Data Processing - Implements request.security() for multi-symbol data retrieval - Uses barstate.isrealtime logic for accurate live data - Processes data only on the last bar for optimal performance WHY IT IS UNIQUE Multi-Stock Monitoring - Monitor up to 10 different stocks simultaneously on a single chart - No need to switch between multiple charts or timeframes Highly Customizable Interface - Full color customization for personalized visual experience - Adjustable table size and positioning - Clean, professional dashboard design Real-time Analysis - Live data processing with proper real-time handling - Instant visual feedback through color-coded signals - Optimized performance with smart data retrieval Comprehensive Technical Coverage - Combines trend-following, momentum, and volatility indicators - Multiple timeframe perspective through different EMA periods - Balanced approach using both lagging and leading indicators Flexible Configuration - Easy symbol switching for different markets (NSE, BSE, NYSE, NASDAQ) - Adjustable indicator parameters for different trading styles - Suitable for both swing trading and position trading HOW USERS CAN BENEFIT FROM IT Portfolio Management - Quick Portfolio Health Check: Instantly assess the technical status of your entire stock portfolio - Diversification Analysis: Monitor stocks across different sectors to ensure balanced exposure - Risk Management: Identify which positions are showing bearish signals for potential exit strategies - Rebalancing Decisions: Spot strongest performers for potential position increases Market Screening and Analysis - Sector Rotation: Compare different sector stocks to identify rotation opportunities - Relative Strength Analysis: Quickly identify which stocks are outperforming or underperforming - Market Breadth Assessment: Gauge overall market sentiment by monitoring diverse stock selections - Trend Confirmation: Validate market trends by observing multiple stock behaviors Time-Efficient Trading - Single-Glance Analysis: Get complete technical overview without chart-hopping - Pre-Market Preparation: Quickly assess overnight changes across multiple positions - Intraday Monitoring: Track multiple opportunities simultaneously during trading hours - End-of-Day Review: Efficiently review all watched stocks for next-day planning Strategic Decision Making - Entry Point Identification: Spot stocks showing bullish alignment across multiple indicators - Exit Signal Recognition: Identify positions showing deteriorating technical conditions - Swing Trading Opportunities: Find stocks with favorable technical setups for swing trades - Long-term Investment Guidance: Use 200 EMA signals for long-term position decisions Educational Benefits - Pattern Recognition: Learn how different indicators behave across various market conditions - Correlation Analysis: Understand how stocks move relative to each other - Technical Analysis Learning: Observe multiple indicator interactions in real-time - Market Sentiment Understanding: Develop better market timing skills through multi-stock observation Workflow Optimization - Reduced Chart Clutter: Keep your main chart clean while monitoring multiple stocks - Faster Analysis: Complete technical analysis of 10 stocks in seconds instead of minutes - Consistent Methodology: Apply the same technical criteria across all monitored stocks - Alert Integration: Easy visual identification of stocks requiring immediate attention This indicator is designed for traders and investors who want to maximize their market awareness while minimizing analysis time. Whether you're managing a portfolio, screening for opportunities, or learning technical analysis, the IU Indicators Dashboard provides the comprehensive overview you need for better trading decisions. DISCLAIMER : This indicator is not financial advice, it's for educational purposes only highlighting the power of coding( pine script) in TradingView, I am not a SEBI-registered advisor. Trading and investing involve risk, and you should consult with a qualified financial advisor before making any trading decisions. I do not guarantee profits or take responsibility for any losses you may incur.
Pine Script® göstergesi
Shivam_Mandrai tarafından
4
Leader-Lagger DashboardSummary: The ultimate frustration for a trader: being right on the idea, but wrong on the asset. You correctly predict a market move, develop a solid bullish or bearish thesis, but the instrument you choose fails to follow through. Meanwhile, a correlated asset makes the exact move you anticipated, leaving you with a losing trade or a missed opportunity. This common pitfall is precisely what the Leader/Lagger Dashboard is designed to solve. The Solution: Instant Clarity on Relative Strength The Leader/Lagger Dashboard provides a clear, real-time verdict on the relative strength between two correlated assets, such as ES (S&P 500 futures) and NQ (Nasdaq 100 futures). By instantly identifying the Leader (the stronger asset) and the Lagger (the weaker asset), it empowers you to focus your capital on the instrument with the highest probability of performing in line with your market view. As shown in the example image, if your idea is to short the market, choosing the "Weak" asset (ES) results in a winning trade, while shorting the "Strong" asset (NQ) would have failed. This tool helps you make that critical distinction before you enter. How It Works The engine at the core of this dashboard analyzes the price action of two assets on a higher timeframe (defaulting to 90 minutes). It measures how the current bar's high and low are performing relative to the previous bar's range for each asset. By comparing these normalized values, it generates a score to determine which asset is exhibiting stronger momentum (the Leader) and which is showing weakness (the Lagger). A tie-breaking mechanism using a lower timeframe ensures you always have a decisive verdict. How to Use It The principle is simple: Go long the leader, and short the lagger. If you are Bullish: Look for the asset marked "Strong." This is the instrument most likely to lead the upward move. If you are Bearish: Look for the asset marked "Weak." This is the instrument most likely to lead the downward move. By aligning your trade execution with the market's internal momentum, you dramatically increase your odds of success and avoid the frustration of trading against underlying strength or weakness. Key Features Instant Verdict: A simple on-chart table displays a "Strong" or "Weak" verdict for each asset. Focus on the Leader: Easily identify which asset is leading the move to align your trades with momentum. Avoid the Lagger: Steer clear of the weaker asset that might chop around or reverse, even if your directional bias is correct. Fully Customizable: Change the two assets to any symbols you trade (e.g., GOLD vs. SILVER, EURUSD vs. GBPUSD). Adjustable Display: Control the table's position and font size to perfectly fit your chart layout. The table is designed to be visible on lower timeframes (5-minutes and under) to assist with day trading execution. This tool is designed to be a crucial part of your decision-making process, providing an objective layer of confirmation for your trading ideas. so Stop guessing and start trading the right asset. As always, use this indicator in conjunction with your own complete analysis and risk management strategy.
Pine Script® göstergesi
traderprimez tarafından
RS Ratio vs Benchmark (Colored)📈 RS Ratio vs Benchmark (with Color Change) A simple but powerful tool to track relative strength against a benchmark like QQQ, SPY, or any other ETF. 🔍 What it Shows RS Ratio (orange line): Measures how strong a stock is relative to a benchmark. Moving Average (teal line): Smooths out RS to show trend direction. Color-coded RS Line: 🟢 Green = RS is above its moving average → strength is increasing. 🔴 Red = RS is below its moving average → strength is fading. 📊 How to Read It Above 100 = Stock is outperforming the benchmark. Below 100 = Underperforming. Rising & Green = Strongest signal — accelerating outperformance. Above 100 but Red = Consolidating or losing momentum — potential rest period. Crosses below 100 = Warning sign — underperformance. ✅ Best Uses Spot leading stocks with strong momentum vs QQQ/SPY. Identify rotation — when strength shifts between sectors. Time entries and exits based on RS trends and crossovers.
Pine Script® göstergesi
muchavez tarafından
PulseWave Strategy Markking77PulseWave Strategy (Markking77) — Description & Indicator Roadmap PulseWave Strategy (Markking77) is a sleek, straightforward trading system that fuses three powerful market indicators — VWAP, MACD, and RSI — into one harmonious tool. Designed for traders who want clear, actionable signals, this strategy captures trend direction, momentum shifts, and market strength to help you spot optimal entry and exit points. Step 1: VWAP — The Market Trend Compass (Color: Blue) What it does: The Volume Weighted Average Price (VWAP) is the average price a security has traded at throughout the day, weighted by volume. It acts as a dynamic benchmark that many institutional traders rely on. Why it matters: Price above the VWAP (blue line) signals bullish momentum — buyers dominate. Price below the VWAP signals bearish momentum — sellers in control. PulseWave use: VWAP sets the trend foundation — we trade in the direction the price sits relative to VWAP. Step 2: MACD — Momentum Confirmation (Colors: Orange & Blue) What it does: MACD tracks momentum by comparing short-term and long-term moving averages, using the MACD line and a signal line to indicate shifts. Why it matters: When the MACD line (orange) crosses above the Signal line (blue), it signals rising momentum — a bullish cue. When the MACD line crosses below the signal line, it signals weakening momentum — bearish cue. PulseWave use: MACD confirms momentum that aligns with the VWAP trend before entering trades. Step 3: RSI — The Strength Filter (Color: Purple) What it does: The Relative Strength Index (RSI) measures how fast prices are changing to indicate overbought or oversold conditions. Why it matters: RSI above 70 = overbought (possible reversal or pause). RSI below 30 = oversold (potential bounce). PulseWave use: RSI filters out trades taken at extreme price levels, avoiding entries that are too stretched. Color-Coded Roadmap Summary: Step Indicator Role Buy Signal Sell Signal Color 1 VWAP Trend Direction Price > VWAP (bullish) Price < VWAP (bearish) Blue 2 MACD Momentum Confirmation MACD line crosses above Signal line MACD line crosses below Signal line Orange & Blue 3 RSI Entry Filter RSI < 70 (not overbought) RSI > 30 (not oversold) Purple How PulseWave Strategy Works: Buy when price sits above VWAP, MACD line crosses above the Signal line, and RSI is below 70. Sell (exit) when price drops below VWAP, MACD line crosses below the Signal line, and RSI is above 30. This layered approach ensures you only trade when trend, momentum, and strength align — reducing false signals and improving your edge. Why Use PulseWave Strategy? Clear & Simple: No guesswork — clear color-coded signals guide your decisions. Robust: Combines trend, momentum, and strength in one system. Versatile: Fits day trading and swing trading styles alike. Visual: Easily interpreted signals with minimal clutter.
Pine Script® stratejisi
Markking77 tarafından
1
EMA Crossover Visual Setup (RS Clásico Confirmado)Overview This script is designed to visually highlight classic swing trading setups based on the crossover of exponential moving averages (EMAs), with additional confirmation using Relative Strength (RS) compared to a benchmark asset (e.g., SPY). The goal is to identify bullish momentum shifts that align both with technical structure (EMA crossover) and relative outperformance, helping traders focus on strong stocks in strong markets. Logic A signal is triggered when the following conditions are met: The fast EMA (e.g., 10) crosses above the slow EMA (e.g., 20). The closing price is above a third EMA (e.g., 50) to confirm bullish structure. The asset's Relative Strength (RS) versus a benchmark is confirmed manually, based on an RSI comparison (not calculated inside the script). The script is meant to be used alongside manual RS confirmation, using a secondary chart or overlay of the RS ratio. Features Visual labels and markers for clean charting of valid entry setups Fully customizable EMA lengths Optional highlighting of candle patterns near entry Ideal for use with top-down analysis and watchlist filtering Suggested Use Works best on daily and 4H charts for swing trading setups Combine with volume and price action analysis for higher probability trades Use manual RS validation: confirm that the RSI of the selected stock is stronger than the RSI of SPY (or any benchmark of your choice) Notes This script does not execute trades or include stop loss/take profit logic, as it is intended for discretionary traders who want to visually scan for opportunities. It also does not calculate RS internally, allowing flexibility in how you define strength (RS line, RSI comparison, or price ratio).
Pine Script® göstergesi
elthonsierra tarafından
All SMAs Bullish/Bearish Screener (Enhanced)All SMAs Bullish/Bearish Screener Enhanced: Uncover High-Conviction Trend Alignments with Confidence Description: Are you ready to elevate your trading from mere guesswork to precise, data-driven decisions? The "All SMAs Bullish/Bearish Screener Enhanced" is not just another indicator; it's a sophisticated, yet user-friendly, trend-following powerhouse designed to cut through market noise and pinpoint high-probability trading opportunities. Built on the foundational strength of comprehensive Moving Average confluence and fortified with critical confirmation signals from Momentum, Volume, and Relative Strength, this script empowers you to identify truly robust trends and manage your trades with unparalleled clarity. The Power of Multi-Factor Confluence: Beyond Simple Averages In the unpredictable world of financial markets, true strength or weakness is rarely an isolated event. It's the harmonious alignment of multiple technical factors that signals a high-conviction move. While our original "All SMAs Bullish/Bearish Screener" intelligently identified stocks where price was consistently above or below a full spectrum of Simple Moving Averages (5, 10, 20, 50, 100, 200), this Enhanced version takes it a crucial step further. We've integrated a powerful three-pronged confirmation system to filter out weaker signals and highlight only the most compelling setups: Momentum (Rate of Change - ROC): A strong trend isn't just about price direction; it's about the speed and intensity of that movement. Positive momentum confirms that buyers are still aggressively pushing price higher (for bullish signals), while negative momentum validates selling pressure (for bearish signals). Volume: No trend is truly trustworthy without the backing of smart money. Above-average volume accompanying an "All SMAs" alignment signifies strong institutional participation and conviction behind the move. It separates genuine trend starts from speculative whims. Relative Strength Index (RSI): This versatile oscillator ensures the trend isn't just "there," but that it's developing healthily. We use RSI to confirm a bullish bias (above 50) or a bearish bias (below 50), adding another layer of confidence to the direction. When the price aligns above ALL six critical SMAs, and is simultaneously confirmed by robust positive momentum, healthy volume, and a bullish RSI bias, you have an exceptionally strong "STRONGLY BULLISH" signal. This confluence often precedes sustained upward moves, signaling prime accumulation phases. Conversely, a "STRONGLY BEARISH" signal, where price is below ALL SMAs with negative momentum, confirming volume, and a bearish RSI bias, indicates powerful distribution and potential for significant downside. How to Use This Enhanced Screener: Add to Chart: Go to TradingView's Pine Editor, paste the script, and click "Add to Chart." Customize Parameters: Fine-tune the lengths of your SMAs, RSI, Momentum, and Volume averages via the indicator's settings. Experiment to find what best suits your trading style and the assets you trade. Choose Your Timeframe Wisely: Daily (1D) and 4-Hour (240 min) are highly recommended. These timeframes cut through intraday noise and provide more reliable, actionable signals for swing and position trading. Shorter timeframes (e.g., 15min, 60min) can be used by advanced day traders for very short-term entries, but be aware of increased volatility and noise. Visual Confirmation: Green/Red Triangles: Appear on your chart, indicating confirmed bullish or bearish signals. Background Color: The chart background will subtly turn lime green for "STRONGLY BULLISH" and red for "STRONGLY BEARISH" conditions. On-Chart Status Table: A clear table displays the current signal status ("STRONGLY BULLISH/BEARISH," or "SMAs Mixed") for immediate feedback. Set Up Alerts (Your Primary Screener Tool): This is the game-changer! Create custom alerts on TradingView based on the "Confirmed Bullish Trade" and "Confirmed Bearish Trade" conditions. Receive instant notifications (email, pop-up, mobile) for any stock in your watchlist that meets these stringent criteria. This allows you to scan the entire market effortlessly and act decisively. Strategic Stop-Loss Placement: The Trader's Lifeline Even the most robust signals can fail. Protecting your capital is paramount. For this trend-following strategy, your stop-loss should be placed where the underlying trend structure is broken. For a "STRONGLY BULLISH" Trade: Place your stop-loss just below the most recent significant swing low (higher low). This is the last point where buyers stepped in to support the price. If price breaks below this, your bullish thesis is invalidated. For a "STRONGLY BEARISH" Trade: Place your stop-loss just above the most recent significant swing high (lower high). If price breaks above this, your bearish thesis is invalidated. Alternatively, consider placing your stop-loss just below the 20-period SMA (for bullish trades) or above the 20-period SMA (for bearish trades). A significant close beyond this intermediate-term average often indicates a critical shift in momentum. Always ensure your chosen stop-loss adheres to your pre-defined risk per trade (e.g., 1-2% of capital). Disciplined Profit Booking: Maximizing Gains Just as important as knowing when you're wrong is knowing when to take profits. Trailing Stop-Loss: As your trade moves into profit, trail your stop-loss upwards (for longs) or downwards (for shorts). You can trail it using: Previous Swing Lows/Highs: Move your stop to just below each new higher low (for longs) or just above each new lower high (for shorts). A Moving Average (e.g., 10-period or 20-period SMA): If price closes below your chosen trailing SMA, exit. This allows you to ride the trend while protecting accumulated profits. Target Levels: Identify potential resistance levels (for longs) or support levels (for shorts) using pivot points, previous highs/lows, or Fibonacci extensions. Consider taking partial profits at these levels and letting the rest run with a trailing stop. Loss of Confluence: If the "STRONGLY BULLISH/BEARISH" condition ceases to be met (e.g., RSI crosses below 50, or volume drops significantly), this can be a signal to reduce or exit your position, even if your stop-loss hasn't been hit. The "All SMAs Bullish/Bearish Screener Enhanced" is your comprehensive partner in navigating the markets. By combining robust trend identification with critical confirmation signals and disciplined risk management, you're equipped to make smarter, more confident trading decisions. Add it to your favorites and unlock a new level of precision in your trading journey! #PineScript #TradingView #SMA #MovingAverage #TrendFollowing #StockScreener #TechnicalAnalysis #Bullish #Bearish #QQQ #Momentum #Volume #RSI #SPY #TradingStrategy #Enhanced #Signals #Analysis #DayTrading #SwingTrading
Pine Script® göstergesi
appzandgame tarafından
RSI Buy Sell Signals[RanaAlgo]Overview This Premium RSI with Enhanced Signals builds upon the classic Relative Strength Index by incorporating multiple confirmation filters and visual enhancements to improve signal reliability. The indicator goes beyond basic overbought/oversold levels by adding volume confirmation, trend alignment, and peak detection logic. Key Features Enhanced Signal Detection Peak Strength Filter: Requires RSI movements to meet minimum strength criteria (configurable from 1-5 bars) Volume Confirmation: Optional volume filter to ensure signals occur with above-average trading activity Trend Alignment: Optional trend confirmation that checks price position relative to 20-period EMA Visual Improvements Dynamic coloring of RSI line (green in oversold, red in overbought) Customizable reference lines and zones Clear buy/sell signals with triangle markers Comprehensive info panel showing current RSI status Alert Capabilities Ready-to-use alert conditions for both buy and sell signals Visual and audible alerts when signals trigger How It Works Core RSI Calculation: Uses standard RSI formula with configurable length (default 14) Signal Generation: Buy signals require either: RSI rising from oversold with volume/trend confirmation (when enabled) Simple crossover above oversold level (when filters disabled) Sell signals require either: RSI falling from overbought with volume/trend confirmation Simple crossunder below overbought level Additional Filters: Minimum peak strength prevents weak, insignificant movements from generating signals Volume filter helps confirm institutional participation Trend filter aligns signals with broader price direction Usage Instructions Apply to any chart timeframe (works best on 1H or higher) Configure settings in the input panel: Adjust RSI length if needed Set overbought/oversold levels (default 70/30) Enable/disable volume and trend filters Customize visual elements Signals appear as triangles below/above the RSI line Use alerts to get notified of new signals Differentiation from Standard RSI This indicator adds several layers of confirmation that aren't present in the basic RSI: Multi-bar momentum requirement for peaks/troughs Volume validation option Trend confirmation option Smoothed RSI line for cleaner visualization Comprehensive info panel with current status The combination of these features helps filter out false signals that commonly occur with traditional RSI implementations.
Pine Script® göstergesi
RanaAlgo tarafından
Liqudation HeatMap [BigBeluga]🔵 OVERVIEW An advanced liquidity visualization tool that plots horizontal heat zones to highlight where potential liquidations and volume clusters are most likely hiding beneath price action. Liqudation HeatMap scans historical price movements for local highs and lows with elevated volume or candle range. It then draws dynamic heatmap boxes—shaded from lime (low interest) to yellow (high interest)—revealing potential zones of trapped positions or stop clusters. A vertical scale on the right shows you the relative strength of volume behind each level, from 0 to the highest detected. 🔵 CONCEPTS Maps areas of potential liquidity using volume or candle range (if volume is unavailable). Identifies swing highs/lows (pivots) and extends heatmap boxes outward from these levels. Colors each zone based on the relative strength of volume concentration. Fades or removes zones once price crosses their midpoints, simulating the idea of liquidity being “consumed.” Displays a live vertical scale that shows the volume range for quick reference. 🔵 FEATURES Dynamic Heatmap Zones: Draws few boxes above and after pivot highs and below pivot lows, each shaded based on volume concentration. Smart Coloring System: Uses a gradient from lime (low) to yellow (high) to visually distinguish between weak and strong liquidity zones. Adaptive ATR Widths: Automatically adjusts zone thickness based on volatility (ATR), scaling intelligently across timeframes. Liquidity Consumption Logic: Zones are stope extending once price interacts with them—mimicking the behavior of real liquidation sweeps. Volume Scale Legend: A real-time scale is plotted on the right side, showing the min-max range of volume used for heat calculations. 🔵 HOW TO USE Look for thick yellow zones to identify areas of concentrated stop losses or liquidation triggers. Use these levels to anticipate mean reversion points or high-volatility zones. Combine with your trend or structure tools to trade into or fade these liquidity pools. On lower timeframes, use this tool to confirm entries around sweeps or deviations. Use the right-side scale to compare relative zone strength instantly. 🔵 CONCLUSION Liqudation HeatMap is a powerful visualization tool that uncovers where liquidity likely resides on the chart. By highlighting hidden traps and reactive levels in real-time, it gives traders a significant edge when it comes to spotting stop hunts, mean reversions, and areas of institutional interest. Whether you’re scalping or swing trading, this heatmap provides unmatched context on the market’s hidden intent.
Pine Script® göstergesi
BigBeluga tarafından
13
FX Majors (+CN) Currency Basket ComparisonDescription: This indicator shows how individual FX major currencies (including CNY) have performed relative to each other. It calculates each currency's performance against a "Trade Weighted" basket of other major currencies. I created this because I couldn't find it, and I wanted an easy way to see currency behaviour and flows. Purpose: It lets you see the relative strength and weakness of each currency, similar to how the DXY measures USD strength, but for all the major currencies. Each basket and currency weights are based on Trade Weighted values from literature/economics. This way you can maybe decide which crosses / pairs to trade. Can helps you visualise how events (economic, news or otherwise) affect currency flows. Features: Relative Performance: Focuses on how a currency's value has changed over time, rather than its absolute level. Normalization: Adjusts currency values to a starting date, making it easy to compare their performance. Adjustable Start Date: You can set the anchor date to choose the starting point for calculating relative performance. Customizable Weights: The indicator allows you to use custom weights for each currency basket should you wish.
Pine Script® göstergesi
Things tarafından
ETI IndicatorThe Ensemble Technical Indicator (ETI) is a script that combines multiple established indicators into one single powerful indicator. Specifically, it takes a number of technical indicators and then converts them into +1 to represent a bullish trend, or a -1 to represent a bearish trend. It then adds these values together and takes the running sum over the past 20 days. The ETI is composed of the following indicators and converted to +1 or -1 using the following criteria: Simple Moving Average (10 days) : When the price is above the 10-day simple moving averaging, +1, when below -1 Weighted Moving Average (10 days) : Similar to the SMA 10, when the the price is above the 10-day weighted moving average, +1, when below -1 Stochastic K% : If the current Stochastic K% is greater than the previous value, then +1, else -1. Stochastic D% : Similar to the Stochastic K%, when the current Stochastic D% is greater than the previous value, +1, else -1. MACD Difference : First subtract the MACD signal (i.e. the moving average) from the MACD value and if the current value is higher than the previous value, then +1, else -1. William's R% : If the current William's R% is greater than the previous one, then +1, else -1. William's Accumulation/Distribution : If the current William's AD value is greater than the previous value, then +1, else -1. Commodity Channel Index : If the Commodity Channel Index is greater than 200 (overbought), then -1, if it is less than -200 (oversold) then +1. When it is between those values, if the current value is greater than the previous value then +1, else -1. Relative Strength Index : If the Relative Strength Index is over 70 (overbought) then -1 and if under 30 (oversold) then +1. If the Relative Strength Indicator is between those values then if the current value is higher than the previous value +1, else -1. Momentum (9 days) : If the momentum value is greater than 0, then +1, else -1. Again, once these values have been calculated and converted, they are added up to produce a single value. This single value is then summed across the previous 20 candles to produce a running sum. By coalescing multiple technical indicators into a single value across time, traders can better understand how multiple inter-related indicators are behaving at once; high scores indicate that numerous indicators are showing bullish signals indicating a potential or ongoing uptrend (and vice-versa with low scores). Additional Features Numerous smoothing transformations have also been added (e.g. gaussian smoothing) to remove some of the noise might exist. Suggested Use It is recommended that stocks are shorted when the cross below 0, and are bought when the ETI crosses above -40. Arrows can be shown on the indicator to show these points. However feel free to use levels that work best for you. Traditionally, I have treated values above +50 as overbought and below -40 as undersold (with -80 indicating extremely oversold); however these levels could also indicate either upwards and downwards momentum so taking a position based on where the ETI is (rather than crossing levels) should be done with caution.
Pine Script® göstergesi
ExpertCBCD tarafından
Multi Scanner Plot & Table V1Here's how to interpret each column in the table: Price vs MAs: What it shows: Where the current price is relative to the short-term (e.g., 20-period) and long-term (e.g., 50-period) Simple Moving Averages (SMAs) calculated on your current chart's timeframe. Interpretation: Above Both (Green background): Price is above both the short and long MAs. Generally considered a bullish sign for the current trend. Below Both (Red background): Price is below both MAs. Generally considered a bearish sign. Mixed (Gray background): Price is between the two MAs (e.g., above the short but below the long, or vice-versa). Indicates indecision or a potential trend change. RSI Value: What it shows: The actual numerical value of the Relative Strength Index (RSI) calculated on your current chart's timeframe. Interpretation: Just the raw RSI number (e.g., 65.32). The background is always gray. You compare this value to standard overbought/oversold levels (like 70/30) or the levels defined in the script's inputs. RSI Status: What it shows: Interprets the RSI Value based on the Overbought/Oversold levels set in the script's inputs (default 70/30). Calculated on your current chart's timeframe. Interpretation: Overbought (Red background): RSI is above the overbought level (e.g., > 70). Suggests the asset might be due for a pullback or reversal downwards. Red indicates a potentially bearish condition. Oversold (Green background): RSI is below the oversold level (e.g., < 30). Suggests the asset might be due for a bounce or reversal upwards. Green indicates a potentially bullish condition. Neutral (Gray background): RSI is between the oversold and overbought levels. Last Sig Price: What it shows: The price level where the last "SIG NOW" Buy or Sell signal occurred on your current chart's timeframe. Interpretation: Helps you see the entry price of the most recent short-term signal generated by this script. The background color matches the signal type: Green for the last Buy signal, Red for the last Sell signal. N/A if no signal has occurred yet. SIG NOW: What it shows: This is the main short-term signal generated by the script based on conditions on your current chart's timeframe. It combines the "Price vs MAs" status and specific RSI conditions (price must be above/below both MAs and RSI must be within a certain range defined in the inputs). Interpretation: BUY (Green background): The specific buy conditions are met right now. (Price above both MAs AND RSI is strong but not necessarily overbought). SELL (Red background): The specific sell conditions are met right now. (Price below both MAs AND RSI is weak but not necessarily oversold). NEUTRAL (Gray background): Neither the Buy nor the Sell conditions are currently met. ALERT: What it shows: Flags unusual volume activity on the current bar compared to the recent average volume (calculated on your current chart's timeframe). Interpretation: SPIKE (Yellow background, black text): Current volume is significantly higher than the recent average (defined by the Volume Spike Multiplier). Can indicate strong interest or a potential climax. DUMP (Purple background): Current volume is significantly lower than the recent average (defined by the Volume Dump Multiplier). Can indicate fading interest. NONE (Gray background): Volume is within the normal range for the lookback period. SD$: What it shows: The price level where the last Volume Spike or Dump occurred on your current chart's timeframe. Interpretation: Shows the price associated with the most recent significant volume event. The background color indicates the type of the last event: Green if the last event was a Spike, Red if the last event was a Dump. N/A if no Spike/Dump has occurred yet. BB Value (%B): What it shows: This relates to Bollinger Bands, but specifically calculated on a Higher Timeframe (HTF) that you can set in the inputs (e.g., Daily BBs while viewing an Hourly chart). It shows the Bollinger Band Percent B (%B) value for that HTF. %B measures where the HTF closing price is relative to the HTF upper and lower bands. Interpretation: Value > 1: HTF price closed above the HTF upper Bollinger Band. Value < 0: HTF price closed below the HTF lower Bollinger Band. Value between 0 and 1: HTF price closed within the HTF Bollinger Bands (e.g., 0.5 is exactly on the middle band). The background is always gray. LTS (Long Term Signal): What it shows: A signal derived only from the Higher Timeframe (HTF) Bollinger Bands. Interpretation: BUY (Green background): The HTF price closed above the HTF upper Bollinger Band (see BB Value > 1). Considered a strong bullish signal from the higher timeframe perspective. SELL (Red background): The HTF price closed below the HTF lower Bollinger Band (see BB Value < 0). Considered a strong bearish signal from the higher timeframe perspective. NEUTRAL (Gray background): The HTF price closed within the HTF Bollinger Bands. How to Understand Bollinger Bands and Signals in this Context: Bollinger Bands are primarily used for the Long Term Signal (LTS) column. This script calculates BBs on a higher timeframe (you choose which one, or it defaults to the chart's timeframe if left blank). The "LTS" signal triggers: A BUY when the price on that higher timeframe closes above its upper Bollinger Band. This often indicates strong momentum or a potential breakout. A SELL when the price on that higher timeframe closes below its lower Bollinger Band. This often indicates strong negative momentum or a potential breakdown. The "BB Value" column gives you the raw %B number from that same higher timeframe, showing you exactly where the price is relative to the bands (is it just barely above/below, or way outside?). The script does not directly use Bollinger Bands from the current chart timeframe for the "SIG NOW" or other table signals. The main short-term signals ("SIG NOW") rely on Moving Averages and RSI on the current timeframe. The LTS provides a longer-term perspective using HTF Bollinger Bands. In summary: Look at the table to quickly gauge: Short-term trend (Price vs MAs). Short-term momentum (RSI Status, SIG NOW). Recent short-term entry points (Last Sig Price). Current volume anomalies (ALERT). Long-term strength/weakness based on HTF Bollinger Bands (LTS, BB Value). Combine these pieces of information to get a more rounded view of the current market conditions according to this specific script's logic.
Pine Script® göstergesi
ChalkBoardAnalytics tarafından
1
Volume Flow RatioVolume Flow Ratio (VFR) Indicator Overview The Volume Flow Ratio (VFR) is a sophisticated volume analysis tool that measures current trading volume relative to the maximum volume of the previous period. Unlike traditional volume indicators that show raw volume or simple moving averages, VFR provides context by comparing current activity to recent maximum activity levels. Core Features 1. Split Period Analysis - Multiple Timeframe Options: - Daily: Compares to previous day's maximum - Weekly: Week-to-week comparison - NYSE Weekly: Specialized for stock market trading (Monday-Friday only) - Monthly: Month-to-month analysis - Quarterly: Quarter-to-quarter perspective - Yearly: Year-over-year volume comparison 2. Ratio-Based Measurement - Displays volume as a ratio (0 to 1+) rather than raw numbers - 1.0 represents volume equal to previous period's maximum - Example: If previous max was 50,000 contracts: - Current volume of 25,000 shows as 0.5 - Current volume of 75,000 shows as 1.5 3. Triple Coloring Modes - Moving Average Based: - Compares current ratio to its moving average - Customizable MA period - Green: Above MA (higher than average activity) - Red: Below MA (lower than average activity) - Previous Candle Comparison: - Simple increase/decrease from previous bar - Green: Higher than previous bar - Red: Lower than previous bar - Candle Color Based: - Syncs with price action - Green: Bullish candles (close > open) - Red: Bearish candles (close < open) Primary Use Cases 1. Volume Profile Analysis - Perfect for traders who need to understand when markets are most active - Helps identify unusual volume spikes relative to recent history - Useful for timing entries and exits based on market participation 2. Market Activity Traders Ideal for traders who: - Need to identify high-liquidity periods - Want to avoid low-volume periods - Look for volume breakouts or divergences - Trade based on institutional participation levels 3. Mean Reversion Traders Helps identify: - Overextended volume conditions (potential reversals) - Volume exhaustion points - Return to normal volume levels after spikes 4. Momentum Traders Useful for: - Confirming trend strength through volume - Identifying potential trend exhaustion - Validating breakouts with volume confirmation Advantages Over Traditional Volume Indicators 1. Contextual Analysis - Shows relative strength rather than raw numbers - Easier to compare across different time periods - Automatically adjusts to changing market conditions 2. Period-Specific Insights - Respects natural market cycles (daily, weekly, monthly) - Special handling for NYSE trading days - Eliminates weekend noise in stock market analysis 3. Flexible Visualization - Three distinct coloring methods for different trading styles - Clear reference line at 1.0 for quick analysis - Histogram style for easy pattern recognition Best Practices For Day Traders - Use Daily split for intraday volume patterns - MA coloring mode with shorter periods (5-10) - Focus on ratios during market hours For Swing Traders - Weekly or NYSE Weekly splits - Longer MA periods (15-20) - Look for sustained volume patterns For Position Traders - Monthly or Quarterly splits - Candle color mode for trend confirmation - Focus on major volume shifts Limitations - Requires one full period to establish baseline - May be less effective in extremely low volume conditions - NYSE Weekly mode specific to stock market hours This indicator is particularly valuable for traders who understand that volume is a crucial component of price action but need a more sophisticated way to analyze it than simple volume bars. It's especially useful for those who trade based on market participation levels and need to quickly identify whether current volume is significant relative to recent history.
Pine Script® göstergesi
mindyourbuisness tarafından
Adaptable Relative Momentum Index [ParadoxAlgo]The Adaptable Relative Momentum Index (RMI) by ParadoxAlgo is an advanced momentum-based indicator that builds upon the well-known RSI (Relative Strength Index) concept by introducing a customizable momentum length. This indicator measures price momentum over a specified number of periods and applies a Rolling Moving Average (RMA) to both the positive and negative price changes. The result is a versatile tool that can help traders gauge the strength of a trend, pinpoint overbought/oversold levels, and potentially identify breakout opportunities. ⸻ Smart Configuration Feature What sets this version of the RMI apart is ParadoxAlgo’s exclusive “Smart Configuration” functionality. Instead of manually adjusting parameters, traders can simply select their Asset Class (e.g., Stocks, Forex, Futures/Indices, Crypto, Commodities) and Trading Style (e.g., Scalping, Day Trading, Swing Trading, Short-Term Investing, Long-Term Investing). Based on these selections, the indicator automatically optimizes its core parameters: • Length – The period over which the price changes are smoothed. • Momentum Length – The number of bars used to calculate the price change. By automating this process, users save time on tedious trial-and-error adjustments, ensuring that the RMI’s settings are tailored to the characteristics of specific markets and personal trading horizons. ⸻ Key Features & Benefits 1. Momentum-Based Insights • Uses RMA to smooth price movements, helping identify shifts in market momentum more clearly than a basic RSI. • Enhanced adaptability for a wide range of asset classes and time horizons. 2. Simple Yet Powerful Configuration • Smart Configuration automatically sets optimal parameter values for each combination of asset class and trading style. • Eliminates guesswork and manual recalibration when switching between markets or timeframes. 3. Overbought & Oversold Visualization • Integrated highlight zones mark potential overbought and oversold extremes (default at 80 and 20). • Optional breakout highlighting draws attention to times when the indicator crosses these key thresholds, helping spot possible entry or exit signals. 4. Intuitive Design & Ease of Use • Clean plotting and color-coded signal lines make it easy to interpret bullish or bearish shifts in momentum. • Straightforward dropdown menus keep the interface user-friendly, even for novice traders. ⸻ Practical Applications • Early Trend Detection: Spot emerging trends when the RMI transitions from oversold to higher levels or vice versa. • Breakout Confirmation: Confirm potential breakout trades by tracking overbought/oversold breakouts alongside other technical signals. • Support/Resistance Confluence: Combine RMI signals with horizontal support/resistance levels to reinforce trade decisions. • Trade Timing: Quickly gauge when momentum could be shifting, helping you time entries and exits more effectively. ⸻ Disclaimer As with any technical indicator, the Adaptable Relative Momentum Index should be used as part of a broader trading strategy that includes risk management, fundamental analysis, and other forms of technical confirmation. Past performance does not guarantee future results. ⸻ Enjoy using the Adaptable RMI and experience a more streamlined, flexible approach to momentum analysis. Feel free to explore different asset classes and trading styles to discover which configurations resonate best with your unique trading preferences.
Pine Script® göstergesi
paradoxalgo tarafından
RSI, Volume, MACD, EMA ComboRSI + Volume + MACD + EMA Trading System This script combines four powerful indicators—Relative Strength Index (RSI), Volume, Moving Average Convergence Divergence (MACD), and Exponential Moving Average (EMA)—to create a comprehensive trading strategy for better trend confirmation and trade entries. How It Works RSI (Relative Strength Index) Helps identify overbought and oversold conditions. Used to confirm momentum strength before taking a trade. Volume Confirms the strength of price movements. Avoids false signals by ensuring there is sufficient trading activity. MACD (Moving Average Convergence Divergence) Confirms trend direction and momentum shifts. Provides buy/sell signals through MACD line crossovers. EMA (Exponential Moving Average) Acts as a dynamic support and resistance level. Helps filter out trades that go against the overall trend. Trading Logic Buy Signal: RSI is above 50 (bullish momentum). MACD shows a bullish crossover. The price is above the EMA (trend confirmation). Volume is increasing (strong participation). Sell Signal: RSI is below 50 (bearish momentum). MACD shows a bearish crossover. The price is below the EMA (downtrend confirmation). Volume is increasing (intense selling pressure). Backtesting & Risk Management The strategy is optimized for scalping on the 1-minute timeframe (adjustable for other timeframes). Default settings use realistic commission and slippage to simulate actual trading conditions. A stop-loss and take-profit system is integrated to manage risk effectively. This script is designed to help traders filter out false signals, improve trend confirmation, and increase trade accuracy by combining multiple indicators in a structured way.
Pine Script® stratejisi
Ashhabx tarafından
Johnny's Machine Learning Moving Average (MLMA) w/ Trend Alerts📖 Overview Johnny's Machine Learning Moving Average (MLMA) w/ Trend Alerts is a powerful adaptive moving average indicator designed to capture market trends dynamically. Unlike traditional moving averages (e.g., SMA, EMA, WMA), this indicator incorporates volatility-based trend detection, Bollinger Bands, ADX, and RSI, offering a comprehensive view of market conditions. The MLMA is "machine learning-inspired" because it adapts dynamically to market conditions using ATR-based windowing and integrates multiple trend strength indicators (ADX, RSI, and volatility bands) to provide an intelligent moving average calculation that learns from recent price action rather than being static. 🛠 How It Works 1️⃣ Adaptive Moving Average Selection The MLMA automatically selects one of four different moving averages: 📊 EMA (Exponential Moving Average) – Reacts quickly to price changes. 🔵 HMA (Hull Moving Average) – Smooth and fast, reducing lag. 🟡 WMA (Weighted Moving Average) – Gives recent prices more importance. 🔴 VWAP (Volume Weighted Average Price) – Accounts for volume impact. The user can select which moving average type to use, making the indicator customizable based on their strategy. 2️⃣ Dynamic Trend Detection ATR-Based Adaptive Window 📏 The Average True Range (ATR) determines the window size dynamically. When volatility is high, the moving average window expands, making the MLMA more stable. When volatility is low, the window shrinks, making the MLMA more responsive. Trend Strength Filters 📊 ADX (Average Directional Index) > 25 → Indicates a strong trend. RSI (Relative Strength Index) > 70 or < 30 → Identifies overbought/oversold conditions. Price Position Relative to Upper/Lower Bands → Determines bullish vs. bearish momentum. 3️⃣ Volatility Bands & Dynamic Support/Resistance Bollinger Bands (BB) 📉 Uses standard deviation-based bands around the MLMA to detect overbought and oversold zones. Upper Band = Resistance, Lower Band = Support. Helps traders identify breakout potential. Adaptive Trend Bands 🔵🔴 The MLMA has built-in trend envelopes. When price breaks the upper band, bullish momentum is confirmed. When price breaks the lower band, bearish momentum is confirmed. 4️⃣ Visual Enhancements Dynamic Gradient Fills 🌈 The trend strength (ADX-based) determines the gradient intensity. Stronger trends = More vivid colors. Weaker trends = Lighter colors. Trend Reversal Arrows 🔄 🔼 Green Up Arrow: Bullish reversal signal. 🔽 Red Down Arrow: Bearish reversal signal. Trend Table Overlay 🖥 Displays ADX, RSI, and Trend State dynamically on the chart. 📢 Trading Signals & How to Use It 1️⃣ Bullish Signals 📈 ✅ Conditions for a Long (Buy) Trade: The MLMA crosses above the lower band. The ADX is above 25 (confirming trend strength). RSI is above 55, indicating positive momentum. Green trend reversal arrow appears (confirmation of a bullish reversal). 🔹 How to Trade It: Enter a long trade when the MLMA turns bullish. Set stop-loss below the lower Bollinger Band. Target previous resistance levels or use the upper band as take-profit. 2️⃣ Bearish Signals 📉 ✅ Conditions for a Short (Sell) Trade: The MLMA crosses below the upper band. The ADX is above 25 (confirming trend strength). RSI is below 45, indicating bearish pressure. Red trend reversal arrow appears (confirmation of a bearish reversal). 🔹 How to Trade It: Enter a short trade when the MLMA turns bearish. Set stop-loss above the upper Bollinger Band. Target the lower band as take-profit. 💡 What Makes This a Machine Learning Moving Average? 📍 1️⃣ Adaptive & Self-Tuning Unlike static moving averages that rely on fixed parameters, this MLMA automatically adjusts its sensitivity to market conditions using: ATR-based dynamic windowing 📏 (Expands/contracts based on volatility). Adaptive smoothing using EMA, HMA, WMA, or VWAP 📊. Multi-indicator confirmation (ADX, RSI, Volatility Bands) 🏆. 📍 2️⃣ Intelligent Trend Confirmation The MLMA "learns" from recent price movements instead of blindly following a fixed-length average. It incorporates ADX & RSI trend filtering to reduce noise & false signals. 📍 3️⃣ Dynamic Color-Coding for Trend Strength Strong trends trigger more vivid colors, mimicking confidence levels in machine learning models. Weaker trends appear faded, suggesting uncertainty. 🎯 Why Use the MLMA? ✅ Pros ✔ Combines multiple trend indicators (MA, ADX, RSI, BB). ✔ Automatically adjusts to market conditions. ✔ Filters out weak trends, making it more reliable. ✔ Visually intuitive (gradient colors & reversal arrows). ✔ Works across all timeframes and assets. ⚠️ Cons ❌ Not a standalone strategy → Best used with volume confirmation or candlestick analysis. ❌ Can lag slightly in fast-moving markets (due to smoothing).
Pine Script® göstergesi
JonathanLeyva tarafından
1
Comprehensive Volume and Metrics with Pre-Market Volume Data This script is designed for traders who want a detailed view of market activity, including regular market and pre-market volume, dollar volume, relative volume (RVOL), average daily range (ADR), average true range (ATR), relative strength index (RSI), and the QQQ’s percentage change. The script includes customizable metrics displayed in tables on the chart for easy analysis, with the option to toggle the visibility of each metric. Key Features: Volume and Dollar Volume: Displays the volume of shares traded during the current day (or pre-market, if enabled). Includes a calculation of dollar volume, representing the total dollar amount of trades (Volume × Close Price). Relative Volume (RVOL): Displays RVOL Day, which is the relative volume of the current day compared to the 2-day moving average. Shows RVOL 90D, indicating relative volume over the past 90 days. Both RVOL metrics are calculated as percentages and display the percentage change compared to the standard (100%). Pre-Market Data: Includes pre-market volume (PVOL) and pre-market dollar volume (P$ VOL) which are displayed only if pre-market data is enabled. Tracks volume and dollar volume during pre-market hours (4:00 AM to 9:30 AM Eastern Time) for more in-depth analysis. Optionally, shows pre-market RSI based on volume-weighted close prices. Average Daily Range (ADR): Displays the percentage change between the highest and lowest prices over the defined ADR period (default is 20 days). Average True Range (ATR): Shows the ATR, a popular volatility indicator, for a given period (default is 14 bars). RSI (Relative Strength Index): Displays RSI for the given period (default is 14). RSI is calculated using pre-market data when available. QQQ: Shows the percentage change of the QQQ ETF from the previous day’s close. The QQQ percentage change is color-coded: green for positive, red for negative, and gray for no change. Customizable Inputs: Visibility Options: Toggle the visibility of each metric, such as volume, dollar volume, RVOL, ADR, ATR, RSI, and QQQ. Pre-Market Data: Enable or disable the display of pre-market data for volume and dollar volume. Table Positioning: Adjust the position of tables displaying the metrics either at the bottom-left or bottom-right of the chart. Text Color and Table Background: Choose between white or black text for the tables and customize the background color. Tables: The script utilizes tables to display multiple metrics in an organized and easy-to-read format. The values are updated dynamically, reflecting real-time data as the market moves. Pre-Market Data: The script calculates pre-market volume and dollar volume, along with other key metrics like RSI and RVOL, to help assess market sentiment before the market officially opens. The pre-market data is accumulated from 4:00 AM to 9:30 AM ET, allowing for pre-market analysis and comparison to regular market hours. User-Friendly and Flexible: This script is designed to be highly customizable, giving you the ability to toggle which metrics to display and where they appear on the chart. You can easily focus on the data that matters most to your trading strategy.
Pine Script® göstergesi
tommyttcat tarafından
ADX, RSI, & TSI utilized as ART [by KeremErtem]The "ADX, RSI, & TSI utilized as ART" script is an advanced technical analysis tool designed by Kerem Ertem to help traders identify trend direction, strength, and potential reversals. It integrates the Average Directional Index (ADX), Relative Strength Index (RSI), and True Strength Index (TSI) into a cohesive, user-friendly indicator known as ART (Adaptive Relative Trend) . What it does: Trend Detection: Utilizes ADX to identify the strength and direction of trends. Momentum Analysis: Uses RSI to gauge the speed and change of price movements. Signal Smoothing: Incorporates TSI to reduce noise and provide clearer signals. How it works: Input Settings: Customize the source (hlc3), signal period (l1), and lookback range (l2) to tailor the indicator to your trading strategy. Angle Calculation (ACI): The script calculates the angle of price movements using a custom function, which combines the lowest and highest prices with moving averages to create a smoother representation of trend angles. Weighted Average: The ACI function is applied to the source price to derive a weighted average, which serves as the foundation for further calculations. RSI Integration: The script calculates the RSI based on the weighted average price and further refines it using the ACI function to enhance signal accuracy. ADX Calculation: ADX values are computed and adjusted using the ACI function to provide a clearer indication of trend strength and direction. ART Indicator: The combined results of the RSI and ADX calculations form the ART indicator, which is plotted alongside trend lines and bands for comprehensive trend analysis. Bands and Trend Lines: The script plots upper, lower, and center bands based on standard deviation and moving averages, providing visual cues for potential support and resistance levels. How to use it: Customization: Adjust the signal period, lookback range, RSI length, and ADX settings to fit your trading preferences. Interpretation: Green ART signal lines indicate bullish trends, while red lines indicate bearish trends. The trend line color changes from cyan to magenta based on the trend direction. Bands: Use the upper and lower bands as potential entry and exit points, with the center line acting as a trend confirmation. This script offers a comprehensive approach to trend and momentum analysis, making it a valuable tool for traders seeking to enhance their trading strategies with advanced technical indicators.
Pine Script® göstergesi
keremertem tarafından
[blackcat] L2 BullBear OscillatorOVERVIEW The " L2 BullBear Oscillator" is a custom trading indicator for TradingView that helps traders identify market trends, potential tops and bottoms, and the strength of trends using various moving averages and price relationships. FEATURES Calculates a base oscillator based on the close price relative to the highest and lowest prices over the past 60 periods. Smoothes the oscillator using exponential moving averages (EMAs). Determines market strength through relative strength indicators and moving averages. Identifies potential tops and strong support levels based on specific conditions involving oscillators and price actions. Plots several signals to help traders make informed decisions. HOW TO USE Install the script on your TradingView chart. Customize the settings in the "Inputs" section: Set the periods for the short-term and long-term EMAs. Set the periods for the three SMAs used in calculations. Interpret the plots: BullBear Signal (Fuchsia Line): Indicates the overall market trend. Uptrends suggest buying opportunities, while downtrends suggest selling. Decreasing BullBear Signal (Aqua Line): Highlights periods when the trend is weakening or turning bearish, signaling possible selling opportunities. Potential Top Condition (Yellow Plot): Signals possible trend reversals from bullish to bearish, indicating times to consider taking profits or preparing for a downtrend. High Price Condition (Yellow Plot): Indicates strong bullish momentum but also potentially overbought conditions, which might precede a correction. Earning Condition (Red Line): Possibly signifies strong bullish signals, indicating good times to enter long positions. Strong Support Condition (White Arrows): Signals potential bottoms or support levels, indicating buying opportunities. Start Hiding Condition (Fuchsia Plot): Might indicate times to exit positions or reduce exposure due to unfavorable market conditions. ALGORITHMS Moving Averages: Simple Moving Averages (SMAs): Used to calculate averages of price data over specified periods. Exponential Moving Averages (EMAs): Used to give more weight to recent prices, making the moving averages more responsive to new data. Oscillator Calculation: The base oscillator is calculated based on the close price's position within the highest and lowest prices over 60 periods, normalized to a 0-100 scale. This oscillator is then smoothed using EMAs to reduce noise and make trends more visible. Relative Strength Indicator: Calculated based on the close price's position within the highest and lowest prices over 20 periods, also normalized to a 0-100 scale. This is smoothed using SMAs to get a more stable signal. Condition Checks: Various conditions are checked to identify potential tops, strong support, and other market states based on the relationships between these indicators and price actions. LIMITATIONS The script is based on historical data and does not guarantee future performance. It is recommended to use the script in conjunction with other analysis tools. The effectiveness of the strategy may vary depending on the market conditions and asset being traded. NOTES The script is designed for educational purposes and should not be considered financial advice. Users are encouraged to backtest the strategy on a demo account before applying it to live trades. THANKS Special thanks to the TradingView community for their support and feedback.
Pine Script® göstergesi
blackcat1402 tarafından
Uptrick: Smart BoundariesThis script is an indicator that combines the RSI (Relative Strength Index) and Bollinger Bands to highlight potential points where price momentum and volatility may both be at extreme levels. Below is a detailed explanation of its components, how it calculates signals, and why these two indicators have been merged into one tool. This script is intended solely for educational purposes and for traders who want to explore the combined use of momentum and volatility measures. Please remember that no single indicator guarantees profitable results. Purpose of This Script This script is designed to serve as a concise, all-in-one tool for traders seeking to track both momentum and volatility extremes in real time. By overlaying RSI signals with Bollinger Band boundaries, it helps users quickly identify points on a chart where price movement may be highly stretched. The goal is to offer a clearer snapshot of potential overbought or oversold conditions without requiring two separate indicators. Additionally, its optional pyramiding feature enables users to manage how many times they initiate trades when signals repeat in the same direction. Through these combined functions, the script aims to streamline technical analysis by consolidating two popular measures—momentum via RSI and volatility via Bollinger Bands—into a single, manageable interface. 1. Why Combine RSI and Bollinger Bands • RSI (Relative Strength Index): This is a momentum oscillator that measures the speed and magnitude of recent price changes. It typically ranges between 0 and 100. Traders often watch for RSI crossing into “overbought” or “oversold” levels because it may indicate a potential shift in momentum. • Bollinger Bands: These bands are plotted around a moving average, using a standard deviation multiplier to create an upper and lower boundary. They help illustrate how volatile the price has been relative to its recent average. When price moves outside these boundaries, some traders see it as a sign the price may be overstretched and could revert closer to the average. Combining these two can be useful because it blends two different perspectives on market movement. RSI attempts to identify momentum extremes, while Bollinger Bands track volatility extremes. By looking for moments when both conditions agree, the script tries to highlight points where price might be unusually stretched in terms of both momentum and volatility. 2. How Signals Are Generated • Buy Condition: - RSI dips below a specified “oversold” level (for example, 30 by default). - Price closes below the lower Bollinger Band. When these occur together, the script draws a label indicating a potential bullish opportunity. The underlying reasoning is that momentum (RSI) suggests a stronger-than-usual sell-off, and price is also stretched below the lower Bollinger Band. • Sell Condition: - RSI rises above a specified “overbought” level (for example, 70 by default). - Price closes above the upper Bollinger Band. When these occur together, a label is plotted for a potential bearish opportunity. The rationale is that momentum (RSI) may be overheated, and the price is trading outside the top of its volatility range. 3. Pyramiding Logic and Trade Count Management • Pyramiding refers to taking multiple positions in the same direction when signals keep firing. While some traders prefer just one position per signal, others like to scale into a trade if the market keeps pushing in their favor. • This script uses variables that keep track of how many recent buy or sell signals have fired. If the count reaches a user-defined maximum, no more signals of that type will trigger additional labels. This protects traders from over-committing to one direction if the market conditions remain “extreme” for a prolonged period. • If you disable the pyramiding feature, the script will only plot one label per side until the condition resets (i.e., until RSI and price conditions are no longer met). 4. Labels and Visual Feedback • Whenever a buy or sell condition appears, the script plots a label directly on the chart: - Buy labels under the price bar. - Sell labels above the price bar. These labels make it easier to review where both RSI and Bollinger Band conditions align. It can be helpful for visually scanning the chart to see if the signals show any patterns related to market reversals or trend continuations. • The Bollinger Bands themselves are plotted so traders can see when the price is approaching or exceeding the upper or lower band. Watching the RSI and Bollinger Band plots simultaneously can give traders more context for each signal. 5. Originality and Usefulness This script provides a distinct approach by merging two well-established concepts—RSI and Bollinger Bands—within a single framework, complemented by optional pyramiding controls. Rather than using each indicator separately, it attempts to uncover moments when momentum signals from RSI align with volatility extremes highlighted by Bollinger Bands. This combined perspective can aid in spotting areas of possible overextension in price. Additionally, the built-in pyramiding mechanism offers a method to manage multiple signals in the same direction, allowing users to adjust how aggressively they scale into trades. By integrating these elements together, the script aims to deliver a tool that caters to diverse trading styles while remaining straightforward to configure and interpret. 6. How to Use the Indicator • Configure the Inputs: - RSI Length (the lookback period used for the RSI calculation). - RSI Overbought and Oversold Levels. - Bollinger Bands Length and Multiplier (defines the moving average period and the degree of deviation). - Option to reduce pyramiding. • Set Alerts (Optional): - You can create TradingView alerts for when these conditions occur, so you do not have to monitor the chart constantly. Choose the buy or sell alert conditions in your alert settings. • Integration in a Trading Plan: - This script alone is not a complete trading system. Consider combining it with other forms of analysis, such as support and resistance, volume profiles, or candlestick patterns. Thorough research, testing on historical data, and risk management are always recommended. 7. No Performance Guarantees • This script does not promise any specific trading results. It is crucial to remember that no single indicator can accurately predict future market movements all the time. The script simply tries to highlight moments when two well-known indicators both point to an extreme condition. • Actual trading decisions should factor in a range of market information, including personal risk tolerance and broader market conditions. 8. Purpose and Limitations • Purpose: - Provide a combined view of momentum (RSI) and volatility (Bollinger Bands) in a single script. - Assist in spotting times when price may be at an extreme. - Offer a configurable system for labeling potential buy or sell points based on these extremes. • Limitations: - Overbought and oversold conditions can persist for an extended period in trending markets. - Bollinger Band breakouts do not always result in immediate reversals. Sometimes price keeps moving in the same direction. - The script does not include a built-in exit strategy or risk management rules. Traders must handle these themselves. Additional Disclosures This script is published open-source and does not rely on any external or private libraries. It does not use lookahead methods or repaint signals; all calculations are performed on the current bar without referencing future data. Furthermore, the script is designed for standard candlestick or bar charts rather than non-standard chart types (e.g., Heikin Ashi, Renko). Traders should keep in mind that while the script can help locate potential momentum and volatility extremes, it does not include an exit strategy or account for factors like slippage or commission. All code comes from built-in Pine Script functions and standard formulas for RSI and Bollinger Bands. Anyone reviewing or modifying this script should exercise caution and incorporate proper risk management when applying it to their own trading. Calculation Details The script computes RSI by examining a user-defined number of prior bars (the RSI Length) and determining the average of up-moves relative to the average of down-moves over that period. This ratio is then scaled to a 0–100 range, so lower values typically indicate stronger downward momentum, while higher values suggest stronger upward momentum. In parallel, Bollinger Bands are generated by first calculating a simple moving average (SMA) of the closing price for the user-specified length. The script then measures the standard deviation of closing prices over the same period and multiplies it by the chosen factor (the Bollinger Bands Multiplier) to form the upper and lower boundaries around the SMA. These two measures are checked in tandem: if the RSI dips below a certain oversold threshold and price trades below the lower Bollinger Band, a condition is met that may imply a strong short-term sell-off; similarly, if the RSI surpasses the overbought threshold and price rises above the upper Band, it may indicate an overextended move to the upside. The pyramiding counters track how many of these signals occur in sequence, preventing excessive stacking of labels on the chart if conditions remain extreme for multiple bars. Conclusion This indicator aims to provide a more complete view of potential market extremes by overlaying the RSI’s momentum readings on top of Bollinger Band volatility signals. By doing so, it attempts to help traders see when both indicators suggest that the market might be oversold or overbought. The optional reduced pyramiding logic further refines how many signals appear, giving users the choice of a single entry or multiple scaling entries. It does not claim any guaranteed success or predictive power, but rather serves as a tool for those wanting to explore this combined approach. Always be cautious and consider multiple factors before placing any trades.
Pine Script® göstergesi
Uptrick tarafından
3