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RSI with Visual Buy/Sell Setup | Corrective/Impulsive IndicatorRSI with Visual Buy/Sell Setup | 40-60 Support/Resistance | Corrective/Impulsive Indicator v2.15 || RSI - The Complete Guide PDF || Modified Zones with Colors for easy recognition of Price Action. Resistance @ downtrend = 60 Support @ uptrend = 40 Over 70 = Strong Bullish Impulse Under 30 = Strong Bearish Impulse Uptrend : 40-80 Downtrend: 60-20 -------------------- Higher Highs in price, Lower Highs in RSI = Bearish Divergence Lower Lows in price, Higher Lows in RSI = Bullish Divergence -------------------- Trendlines from Higher/Lower Peaks, breakout + retest for buy/sell setups. ################### There are multiple ways for using RSI, not only divergences, but it confirms the trend, possible bounce for continuation and signals for possible trend reversal. There's more advanced use of RSI inside the book RSI: The Complete Guide Go with the force, and follow the trend. "The Force is more your friend than the trend"
Pine Script® göstergesi
WavePrinciple-Net tarafından
3
Automatic Support, Resistance, Fibonacci LevelsThis indicator plots absolute high and low values for up to five completely adjustable time periods (in months, weeks, days, hours, minutes) and optionally calculates the Fibonacci levels on the pair of absolutes of your choice, ascending or descending, and mimics the shading available in the built-in Fib charting tools (e.g. retracement). Here are a few screenshots of the same chart with various options selected. 3-Month, 4-Week, and 5-Day absolutes with 3-Monthly Fib plotted: The same chart with 4-Weekly Fib: The same chart with 5-Daily Fib: 5-Day, 12-Hour, 90-Minute absolutes with 12-Hourly Fib: Zoomed in, on a 30-minute interval, with 90-minute Fib: With descending ("inverted") 90-minute Fib: I started putting this together for Vazzyb, who was looking for a way to automate plotting horizontal support and resistance levels for monthly, weekly, and daily extremes, and then I added additional features as they occurred to me. Special thanks to Paaax, who suggested I add Fib levels. I am leaving the code open, so you may feel free to grab snippets you like and use them for your own purposes. Of particular interest may be my custom "calc_fib()" function, which accepts any series pair, as well as a Boolean indicating whether to invert, and returns an array with each of the major Fibonacci levels: . If anyone likes this enough to feel generous, please feel free: BTC 3KmFchJ18QvMzAJKDcFQXvyK9p1EHWQdhP BCH qqtrw64ptuwprk5vtj3z8qwkvh3v0jawxq7khqng7x ETH 0x9b51361A278910Ba3945C7519C9f0FA8a77df18d LTC MDeWWsP7XCG2zQuZ2dYALZXQ52u2qkc8fh P.S. If you want the time lengths to be as close to accurate as possible, don't forget to change the number of days per week when using for cryptocurrency!
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Lemrin tarafından
20
SMMA Analyses - Buy / Sell signals and close position signals This script combines the usage of the SMMA indicator in order to provide signals for opening and closing trades, either buy or sell signals. It uses two SMMA , a fast and a slow one, both configurable by the users. The trigger of Buy and Sell Signals are calculated through the SMMA crosses: Buy Signals : The fast SMMA crosses over the slow SMMA . They are highlighting by a green area and a "B" label. Sell Signals : The fast SMMA crosses under the slow SMMA . They are highlighting by a red area and a "S" label The trigger of Close Buy and Close Sell Signals are calculated through the close price crosses with the fast SMMA: Close Buy Signals : The fast SMMA crosses under the close price and at the same time the trend is bullish , so the fast SMMA is greater than the slow SMMA . They are highlighted by a lighter green area Close Sell Signals : The fast SMMA crosses over the close price and at the same time the trend is bearish , so the fast SMMA is lower than the slow SMMA . They are highlighted by a lighter red area Few important points about the indicator and the produced signals : This is not intended to be a strategy, but an indicator for analyzing the SMMA conditions. It gives you the triggers depending on the real time analysis of the SMMA and prices, but not being a proper strategy, pay attention about "fake signals" and add always a visual analysis to the provided signals Following this indicator, the trade positions should be opened only when a cross happens. Either in this case, analyse the chart in order to see if the signals are a "weak" ones, due to "waves" around the SMMA . In these cases, you might wait for the next confirmation signals after the waves, when the trend will be better defined The close trade signals are provided in order to help to understand when you should close the buy or sell trades. Even in this case, always add a visual analysis to the signals, and pay attention to the support/resistance areas. Sometimes, you can have the close signals in correspondence to support/resistance areas: in these cases wait for the definition of the trend and eventually for the next close trade signals if they will be better defined
Pine Script® göstergesi
quirimmo tarafından
5
Sweetspot Gold RN - by JustUncleLThis is an alternate version of "Sweetspot Gold R4" that does not use sublevels. Removing the sublevels allows more efficient use of the plots (TV script has a limit of 64 plot calls). This works well for all currency pairs I've tested, most commodities, and most stocks. The indicator plots the so called "round price levels" or "00" levels. For example, 1.4000, 1.4400, 1.4500. It automatically calculates the levels for each chart time frame. Optionally you can manually select main level size (in pips) Use this indicator as a guidance to a better mapping of Support/Resistance levels on the chart. Next time you draw Support/Resistance lines, if they coincide with round price levels, you have got a excellent S/R level to work with!
Pine Script® göstergesi
JustUncleL tarafından
15
Sweetspot Gold R4-22 - by JustUncleLThis upgrade I have attempted to improve the Automatic levels calculation and better automatic levels selections. It should now work better with exotic currencies, indices, commodities, and stocks. The indicator plots the so called "round price levels" or "00" levels, which end on 00 and 50: for example, 1.4000, 1.4400, 1.4450. It automatically calculates the levels for based on your charts time frame. Alternatively you can manually select main level size (in pips) and/or the number of sub-levels (0, 1, 2, 3, 9). Generally speaking, the program tries to keep to 3 Digit "00" rounding for currencies and non-stocks, and 2 Digit "00" rounding for Stocks. Use this indicator as a guidance to a better mapping of Support/Resistance levels on the chart. Next time you draw Support/Resistance lines, if they coincide with round price levels, especially "00", you have got a excellent S/R level to work with!
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JustUncleL tarafından
16
CM_OldSchool_Projected_high_LowHeard this story from Larry Williams…the trader who holds the record for winning the U.S. Trading Championship by turning $10K in to 2 Million. A trader named Owen Taylor developed this formula as a Floor Trader before to calculate the Projected High and Low of the next day. The formula worked so well…Owen charged other Traders 1K to get it. I was pretty impressed with the results…so I coded it for the Weekly, Monthly, Quarterly, and Yearly Projected High Low. While Owen considered these levels to be major support and resistance, Larry has developed many strategies based on the Breakout of the Projected High Low. Therefore I coded it so the Levels would plot Yellow, and change to Green if the Projected High was taken out, and Red if the Projected Low was taken out. ***I’ve noticed on many instruments, Stocks, Index’s, Forex etc., depending on the instrument it works great as Support/Resistance or Breakouts. ***On a Daily Chart put the Quarterly and Yearly levels on SPY and EURUSD and go back about 10 years. Levels are pretty accurate.
Pine Script® göstergesi
ChrisMoody tarafından
45
Code Plots - High, Low, Open, Close—Daily, Weekly, & Monthly!!!Custom Code Plots High, Low, Open, Close Plots Today And/Or Previous Day Daily, Weekly, & Monthly TimeFrames Default Settings: Green = High Silver = Open Fuchsia = Close Red = Low Current D-W-M = Circles as Plots Previous D-W-M = Cross as Plots By Default The Current Days High, Low, Open, Close Plots. There are Check boxes On The Inputs Tab To Turn All Options On And Off. ***Tip - For Intra-Day Trades…I Find It Useful To Plot Previous Days High, Low, Open, Close For Support/Resistance, & Breakout Levels. Plotting the Current Weekly and Monthly Levels Is Also Very Useful. ***If You Trade Daily Charts The Previous Months Levels Are Very Useful as Support/Resistance, & Breakout Levels…. Code For High, Low, Open, Close pastebin.com Video On Importing Custom Indicators from PasteBin: videos.tradingview.com
Pine Script® göstergesi
ChrisMoody tarafından
55
ALEX - ATR Extensions + ADR + TableALEX - ATR Extensions + ADR + Table Overview The ALEX ATR Extensions indicator is a comprehensive volatility and momentum analysis tool that combines Average True Range (ATR), Average Daily Range (ADR), and moving average distance calculations in a single, customizable display. This indicator helps traders assess current price action relative to historical volatility and key moving averages, providing crucial context for risk management and trade planning. Key Features Multi-Metric Analysis - ATR Percentage: Current ATR as a percentage of price for volatility assessment - ADR Percentage: Average Daily Range as a percentage for typical daily movement - Low of Day Distance: Distance from current price to daily low - Moving Average Distance: ATR-normalized distance from 21 and 50 period moving averages Flexible Moving Average Options - Configurable MA Types: Choose between EMA or SMA for both 21 and 50 period averages - Customizable Periods: Adjust moving average lengths to suit your trading style - Daily Timeframe Data: Uses daily moving averages regardless of chart timeframe ATR Extension Levels - Dynamic Price Targets: Calculate extension levels based on ATR multiples from moving averages - Visual Reference Lines: Optional overlay lines showing ATR extension targets - Customizable Multipliers: Adjust ATR multipliers for different risk/reward scenarios Smart Visual Alerts - Color-Coded Distance Metrics: Automatic color changes based on distance thresholds - Symbol Plotting: Customizable chart symbols when distance thresholds are exceeded - Threshold-Based Alerts: Visual cues when price reaches significant ATR distances Comprehensive Data Table - Real-Time Metrics: Live updating table with all key measurements - Customizable Display: Toggle individual metrics on/off based on preference - Professional Styling: Adjustable colors, fonts, and transparency How to Use Volatility Assessment - High ATR%: Indicates elevated volatility, larger position sizing considerations - Low ATR%: Suggests compressed volatility, potential for expansion - ADR% Comparison: Compare current day's range to historical average Moving Average Analysis - ATR Distance 21/50: Normalized distance showing how extended price is from key levels - Positive Values: Price above moving average (bullish positioning) - Negative Values: Price below moving average (bearish positioning) - Color Changes: Automatic alerts when reaching threshold levels Extension Target Planning - ATR Extension Lines: Visual price targets based on volatility-adjusted projections - Risk/Reward Planning: Use extension levels for profit target placement - Breakout Confirmation: Extension levels can confirm breakout validity Symbol Alert System - Chart Symbols: Automatic plotting when distance thresholds are breached - Customizable Triggers: Set your own threshold levels for alerts - Visual Scanning: Quick identification of extended conditions across multiple charts Settings Display Controls - Show ADR%: Toggle average daily range percentage display - Show ATR%: Toggle average true range percentage display - Show LoD Distance: Toggle low of day distance calculation - Show LoD Price: Toggle actual low of day price display - Show ATR Distance from 21/50 DMA: Toggle moving average distance metrics - Show 21/50 DMA Price: Toggle actual moving average price display - Show ATR Extension Levels: Toggle extension target display in table Moving Average Configuration - 21/50 DMA Type: Choose between EMA or SMA calculation methods - 21/50 DMA Period: Customize moving average lengths - ADR/ATR Length: Adjust calculation periods for range measurements Color Thresholds - Threshold Levels: Set distance levels for color changes (default 2.0 and 5.0) - Custom Colors: Choose colors for different threshold breaches - Separate 21/50 Settings: Independent color schemes for each moving average Symbol Settings - Show Char Symbol: Toggle symbol plotting for each moving average - Custom Symbols: Choose any character for chart plotting - Symbol Colors: Customize colors for visual distinction - Threshold Levels: Set trigger points for symbol appearance ATR Extension Lines - Show Extension Lines: Toggle visual extension level lines - ATR Multipliers: Customize extension distance (default 2.0x) - Line Colors: Choose colors for extension level visualization Table Customization - Background Color: Adjust table transparency and color - Text Color: Customize default text appearance - Font Size: Choose from tiny to huge font options Advanced Applications Trend Strength Analysis - Large ATR distances suggest strong trending moves - Small ATR distances indicate potential consolidation or reversal zones - Compare current readings to recent historical ranges Risk Management - Use ATR% for position sizing calculations - Extension levels provide natural profit target zones - Distance metrics help identify overextended conditions Multi-Timeframe Context - Apply to different timeframes for comprehensive analysis - Daily data provides consistency across all chart intervals - Combine with weekly/monthly analysis for broader context Market Regime Identification - High volatility periods: Increased ATR% readings - Low volatility periods: Compressed ATR% readings - Trending markets: Sustained high distance readings - Consolidating markets: Low distance readings with frequent color changes Best Practices Volatility-Adjusted Trading - Increase position sizes during low volatility periods - Reduce position sizes during high volatility periods - Use ATR% for stop-loss placement relative to normal market movement Extension Level Usage - Primary targets: 1.5-2.0x ATR extensions - Secondary targets: 2.5-3.0x ATR extensions - Avoid chasing prices beyond 3x ATR extensions Threshold Optimization - Backtest different threshold levels for your trading style - Consider market conditions when setting alert levels - Adjust thresholds based on instrument volatility characteristics Integration Strategies - Combine with momentum indicators for confirmation - Use alongside support/resistance levels - Incorporate into systematic trading approaches Technical Specifications - Compatible with Pine Script v6 - Uses daily timeframe data for consistency - Optimized for real-time performance - Works on all chart types and timeframes - Supports all tradeable instruments Ideal For - Swing traders using daily charts - Position traders seeking volatility context - Day traders needing intraday reference levels - Risk managers requiring volatility metrics - Systematic traders building rule-based strategies Disclaimer This indicator is for educational and informational purposes only. It should not be used as the sole basis for trading decisions. Always combine with other forms of analysis, proper risk management techniques, and consider your individual trading plan and risk tolerance. Past performance does not guarantee future results. Compatible with Pine Script v6 | Optimized for daily timeframe analysis | Works across all markets and instruments
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Alex_PrimeTrading tarafından
ATR RopeATR Rope is inspired by DonovanWall's "Range Filter". It implements a similar concept of filtering out smaller market movements and adjusting only for larger moves. In addition, this indicator goes one step deeper by producing actionable zones to determine market state. (Trend vs. Consolidation) > Background When reading up on the Range Filter indicator, it reminded me exactly of a Rope stabilization drawing tool in a program I use frequently. Rope stabilization essentially attaches a fixed length "rope" to your cursor and an anchor point (Brush). As you move your cursor, you are pulling the brush behind it. The cursor (of course) will not pull the brush until the rope is fully extended, this behavior filters out jittery movements and is used to produce smoother drawing curves. If compared visually side-by-side, you will notice that this indicator bears striking resemblance to its inspiration. > Goal Other than simply distinguishing price movements between meaningful and noise, this indicator strives to create a rigid structure to frame market movements and lack-there-of, such as when to anticipate trend, and when to suspect consolidation. Since the indicator works based on an ATR range, the resulting ATR Channel does well to get reactions from price at its extremes. Naturally, when consolidating, price will remain within the channel, neither pushing the channel significantly up or down. Likewise, when trending, price will continue to push the channel in a single direction. With the goal of keeping it quick and simple, this indicator does not do any smoothing of data feeds, and is simply based on the deviation of price from the central rope. Adjusting the rope when price extends past the threshold created by +/- ATR from the rope. > Features & Behaviors - ATR Rope ATR Rope is displayed as a 3 color single line. This can be considered the center line, or the directional line, whichever you'd prefer. The main point of the Rope display is to indicate direction, however it also is factually the center of the current working range. - ATR Rope Color When the rope's value moves up, it changes to green (uptrend), when down, red (downtrend). When the source crosses the rope, it turns blue (flat). With these simple rules, we've formed a structure to view market movements. - Consolidation Zones Consolidation Zones generate from "Flat" areas, and extend into subsequent trend areas. Consolidation is simply areas where price has crossed the Rope and remains inside the range. Over these periods, the upper and lower values are accumulated and averaged together to form the "Consolidation Zone" values. These zones are draw live, so values are averaged as the flat areas progress and don't repaint, so all values seen historically are as they would appear live. - ATR Channel ATR Channel displays the upper and lower bounds of the working range. When the source moves beyond this range, the rope is adjusted based on the distance from the source to the channel. This range can be extremely useful to view, but by default it is hidden. > Application This indicator is not created to provide signals, or serve as a "complete" system. (People who didn't read this far will still comment for signals. :) ) This is created to be used alongside manual interpretation and intuition. This indicator is not meant to constrain any users into a box, and I would actually encourage an open mind and idea generation, as the application of this indicator can take various forms. > Examples As you would probably already know, price movement can be fast impulses, and movement can be slow bleeds. In the screenshot below, we are using movements from and to consolidation zones to classify weak trend and strong trend. As you can see, there are also areas of consolidation which get broken out of and confirmed for the larger moves. Author's Note: In each of these examples, I have outlined the start and end of each session. These examples come from 1 Min Future charts, and have specifically been framed with day trading in mind. "Breakout Retest" or "Support/Resistance Flips" or "Structure Retests" are all generally the same thing, with different traders referring to them by different names, all of which can be seen throughout these examples. In the next example, we have a day which started with an early reversal leading into long, slow, trend. Notice how each area throughout the trend essentially moves slightly higher, then consolidates while holding support of the previous zone. This day had a few sharp movements, however there was a large amount of neutrality throughout this day with continuous higher lows. In contrast to the previous example, next up, we have a very choppy day. Throughout which we see a significant amount of retests before fast directional movements. We also see a few examples of places where previous zones remained relevant into the future. While the zones only display into the resulting trend area, they do not become immediately meaningless once they stop drawing. > Abstract In the screenshot below, I have stacked 2 of these indicators, using the high as the source for one and the low as the source for the other. I've hidden lines of the high and low channels to create a 4 lined channel based on the wicks of price. This is not necessary to use the indicator, but should help provide an idea of creative ways the simple indicator could be used to produce more complicated analysis. If you've made it this far, I would hope it's clear to you how this indicator could provide value to your trading. Thank you to DonovonWall for the inspiration. Enjoy!
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SamRecio tarafından
Swing High Low Detector by RV5📄 Description The Swing High Low Detector is a visual indicator that automatically detects and displays swing highs and swing lows on the chart. Swings are determined based on configurable strength parameters (number of bars before and after a high/low), allowing users to fine-tune the sensitivity of the swing points. 🔹 Current swing levels are shown as solid (or user-defined) lines that dynamically extend until broken. 🔹 Past swing levels are preserved as dashed/dotted lines once broken, allowing traders to see previous support/resistance zones. 🔹 Customizable line colors, styles, and thickness for both current and past levels. This indicator is useful for: Identifying key market structure turning points Building breakout strategies Spotting trend reversals and swing zones ⚙️ How to Use 1. Add the indicator to any chart on any timeframe. 2. Adjust the Swing Strength inputs to change how sensitive the detector is: A higher value will filter out smaller moves. A lower value will capture more frequent swing points. 3. Customize the line styles for visual preference. Choose different colors, line styles (solid/dashed/dotted), and thickness for: Current Swing Highs (SH) Past Swing Highs Current Swing Lows (SL) Past Swing Lows 4. Observe: As new swing highs/lows are detected, the indicator draws a new current level. Once price breaks that level, the line is archived as a past level and a new current swing is drawn. ✅ Features Fully customizable styling for all lines Real-time updates and automatic level tracking Supports all chart types and instruments 👨‍💻 Credits Script logic and implementation by RV5. This script was developed as a tool to improve price action visualization and trading structure clarity. Not affiliated with any financial institution. Use responsibly.
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R_V5 tarafından
6
BAFD (Price Action For D.....s)🧠 Overview This indicator combines multiple Moving Averages (MA) with visual price action elements such as Fair Value Gaps (FVGs) and Swing Points. It provides traders with real-time insight into trend direction, structural breaks, and potential entry zones based on institutional price behavior. ⚙️ Features 1. Multi MA Visualization (SMA & EMA) - Plots short-, mid-, and long-term moving averages - Fully customizable: MA type (SMA/EMA) and length per MA - Dynamic color coding: green for bullish, red for bearish (based on close >/< MA) 2. Fair Value Gaps (FVG) Detection Detects bullish and bearish imbalances using multiple logic types: - Same Type: Last 3 candles move in the same direction - Twin Close: Last 2 candles close in the same direction - All: Shows all valid FVGs regardless of pattern Gaps are marked with semi-transparent yellow boxes Useful for identifying potential liquidity voids and retest zones 3. Swing Highs and Lows - Automatically identifies major swing points - Customizable sensitivity (strength setting) Marked with subtle colored dots for structure identification or support/resistance mapping 📈 Use Cases - Trend Identification: Visualize momentum on multiple timeframes - Liquidity Mapping: Spot potential retracement zones using FVGs - Confluence Building: Combine MA slope, FVG zones, and swing points for refined setups 🛠️ Customizable Settings - Moving average type and length for each MA - FVG logic selection and color - Swing point strength 🔔 Note This script does not generate buy/sell signals or alerts. It is designed as a visual decision-support tool for discretionary traders who rely on market structure, trend, and price action.
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kurtroelants tarafından
3
Candle Range Trading (CRT) with Alerts 📌 Description: The Candle Range Trading (CRT) indicator identifies potential reversal or continuation setups based on specific two-candle price action patterns. It analyzes pairs of candles to detect Bullish or Bearish CRT patterns and provides visual signals (triangles) and alert notifications to support scalp or swing trading strategies. 🔍 How It Works: 🔻 Bearish CRT Pattern: Candle 1 is bullish Candle 2 is bearish Candle 2's high > Candle 1's high Candle 2 closes within Candle 1’s range 🔺 Red triangle above candle 🔺 Bullish CRT Pattern: Candle 1 is bearish Candle 2 is bullish Candle 2's low < Candle 1's low Candle 2 closes within Candle 1’s range 🔻 Green triangle below candle 📈 Visual Features: 🔺 Red triangle = Bearish CRT 🔻 Green triangle = Bullish CRT 📏 Optional box showing CRT High and CRT Low 🔔 Built-in Alerts: Bullish CRT Alert: "Bullish CRT Pattern Detected" Bearish CRT Alert: "Bearish CRT Pattern Detected" Set alerts to get notified instantly when a pattern is detected. ⚠️ Note: Use in conjunction with trend filters, support/resistance, or volume for best results. Ideal for scalping or short-term trades. Avoid trading in choppy or low-volume markets. ⚠️ Disclaimer: This script was generated with the assistance of ChatGPT by OpenAI and is intended for educational and informational purposes only. All strategies, alerts, and signals derived from this indicator should be thoroughly backtested and validated before using in live trading. Trading involves substantial risk, and past performance is not indicative of future results. The author and ChatGPT bear no responsibility for any trading losses or financial decisions made using this script. Users are solely responsible for the risks associated with their trading actions. Always apply proper risk management and perform your own due diligence before making any financial decisions.
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marcostan93 tarafından
MVRV Ratio [Alpha Extract]The MVRV Ratio Indicator provides valuable insights into Bitcoin market cycles by tracking the relationship between market value and realized value. This powerful on-chain metric helps traders identify potential market tops and bottoms, offering clear buy and sell signals based on historical patterns of Bitcoin valuation. 🔶 CALCULATION The indicator processes MVRV ratio data through several analytical methods: Raw MVRV Data: Collects MVRV data directly from INTOTHEBLOCK for Bitcoin Optional Smoothing: Applies simple moving average (SMA) to reduce noise Status Classification: Categorizes market conditions into four distinct states Signal Generation: Produces trading signals based on MVRV thresholds Price Estimation: Calculates estimated realized price (Current price / MVRV ratio) Historical Context: Compares current values to historical extremes Formula: MVRV Ratio = Market Value / Realized Value Smoothed MVRV = SMA(MVRV Ratio, Smoothing Length) Estimated Realized Price = Current Price / MVRV Ratio Distance to Top = ((3.5 / MVRV Ratio) - 1) * 100 Distance to Bottom = ((MVRV Ratio / 0.8) - 1) * 100 🔶 DETAILS Visual Features: MVRV Plot: Color-coded line showing current MVRV value (red for overvalued, orange for moderately overvalued, blue for fair value, teal for undervalued) Reference Levels: Horizontal lines indicating key MVRV thresholds (3.5, 2.5, 1.0, 0.8) Zone Highlighting: Background color changes to highlight extreme market conditions (red for potentially overvalued, blue for potentially undervalued) Information Table: Comprehensive dashboard showing current MVRV value, market status, trading signal, price information, and historical context Interpretation: MVRV ≥ 3.5: Potential market top, strong sell signal MVRV ≥ 2.5: Overvalued market, consider selling MVRV 1.5-2.5: Neutral market conditions MVRV 1.0-1.5: Fair value, consider buying MVRV < 1.0: Potential market bottom, strong buy signal 🔶 EXAMPLES Market Top Identification: When MVRV ratio exceeds 3.5, the indicator signals potential market tops, highlighting periods where Bitcoin may be significantly overvalued. Example: During bull market peaks, MVRV exceeding 3.5 has historically preceded major corrections, helping traders time their exits. Bottom Detection: MVRV values below 1.0, especially approaching 0.8, have historically marked excellent buying opportunities. Example: During bear market bottoms, MVRV falling below 1.0 has identified the most profitable entry points for long-term Bitcoin accumulation. Tracking Market Cycles: The indicator provides a clear visualization of Bitcoin's market cycles from undervalued to overvalued states. Example: Following the progression of MVRV from below 1.0 through fair value and eventually to overvalued territory helps traders position themselves appropriately throughout Bitcoin's market cycle. Realized Price Support: The estimated realized price often acts as a significant support/resistance level during market transitions. Example: During corrections, price often finds support near the realized price level calculated by the indicator, providing potential entry points. 🔶 SETTINGS Customization Options: Smoothing: Toggle smoothing option and adjust smoothing length (1-50) Table Display: Show/hide the information table Table Position: Choose between top right, top left, bottom right, or bottom left positions Visual Elements: All plots, lines, and background highlights can be customized for color and style The MVRV Ratio Indicator provides traders with a powerful on-chain metric to identify potential market tops and bottoms in Bitcoin. By tracking the relationship between market value and realized value, this indicator helps identify periods of overvaluation and undervaluation, offering clear buy and sell signals based on historical patterns. The comprehensive information table delivers valuable context about current market conditions, helping traders make more informed decisions about market positioning throughout Bitcoin's cyclical patterns.
Pine Script® göstergesi
AlphaExtract tarafından
CCI Divergence Detector A technical analysis tool that identifies divergences between price action and the Commodity Channel Index (CCI) oscillator. Unlike standard divergence indicators, this system employs advanced gradient visualization, multi-layer wave effects, and comprehensive customization options to provide traders with crystal-clear divergence signals and market momentum insights. Core Detection Mechanism CCI-Based Analysis: The indicator utilizes the Commodity Channel Index as its primary oscillator, calculated from user-configurable source data (default: HLC3) with adjustable length parameters. The CCI provides reliable momentum readings that effectively highlight price-momentum divergences. Dynamic Pivot Detection: The system employs adaptive pivot detection with three sensitivity levels (High/Normal/Low) to identify significant highs and lows in both price and CCI values. This dynamic approach ensures optimal divergence detection across different market conditions and timeframes. Dual Divergence Analysis: Regular Bullish Divergences: Detected when price makes lower lows while CCI makes higher lows, indicating potential upward reversal Regular Bearish Divergences: Identified when price makes higher highs while CCI makes lower highs, signaling potential downward reversal Strength Classification System: Each detected divergence is automatically classified into three strength categories (Weak/Moderate/Strong) based on: -Price differential magnitude -CCI differential magnitude -Time duration between pivot points -User-configurable strength multiplier Advanced Visual System Multi-Layer Wave Effects: The indicator features a revolutionary wave visualization system that creates depth through multiple gradient layers around the CCI line. The wave width dynamically adjusts based on ATR volatility, providing intuitive visual feedback about market conditions. Professional Color Gradient System: Nine independent color inputs control every visual aspect: Bullish Colors (Light/Medium/Dark): Control oversold areas, wave effects, and strong bullish signals Bearish Colors (Light/Medium/Dark): Manage overbought zones, wave fills, and strong bearish signals Neutral Colors (Light/Medium/Dark): Handle table elements, zero line, and transitional states Intelligent Color Mapping: Colors automatically adapt based on CCI values: Overbought territory (>100): Bearish color gradients with increasing intensity Neutral positive (0 to 100): Blend from neutral to bearish tones Oversold territory (<-100): Bullish color gradients with increasing intensity Neutral negative (-100 to 0): Transition from neutral to bullish tones Key Features & Components Advanced Configuration System: Eight organized input groups provide granular control: General Settings: System enable, pivot length, confidence thresholds Oscillator Selection: CCI parameters, overbought/oversold levels, normalization options Detection Parameters: Divergence types, minimum strength requirements Sensitivity Tuning: Pivot sensitivity, divergence threshold, confirmation bars Visual System: Line thickness, labels, backgrounds, table display Wave Effects: Dynamic width, volatility response, layer count, glow effects Transparency Controls: Independent transparency for all visual elements Smoothing & Filtering: CCI smoothing types, noise filtering, wave smoothing Professional Alert System: Comprehensive alert functionality with dynamic messages including: -Divergence type and strength classification -Current CCI value and confidence percentage -Customizable alert frequency and conditions Enhanced Information Table: Real-time display showing: -Current CCI length and value -Market status (Overbought/Normal/Oversold) -Active sensitivity setting Configurable table positioning (4 corner options) Visual Elements Explained Primary CCI Line: Main oscillator plot with gradient coloring that reflects market momentum and CCI intensity. Line thickness is user-configurable (1-8 pixels). Wave Effect Layers: Multi-layer gradient fills creating a dynamic wave around the CCI line: -Outer layers provide broad market context -Inner layers highlight immediate momentum -Core layers show precise CCI movement -All layers respond to volatility and momentum changes Divergence Lines & Labels: -Solid lines connecting divergence pivot points -Color-coded based on divergence type and strength -Labels displaying divergence type and strength classification -Customizable transparency and size options Reference Lines: -Zero line with neutral color coding -Overbought level (default: 100) with bearish coloring -Oversold level (default: -100) with bullish coloring Background Gradient: Optional background coloring that reflects CCI intensity and market conditions with user-controlled transparency (80-99%). Configuration Options Sensitivity Controls: Pivot sensitivity: High/Normal/Low detection levels Divergence threshold: 0.1-2.0 sensitivity range Confirmation bars: 1-5 bar confirmation requirement Strength multiplier: 0.1-3.0 calculation adjustment Visual Customization: Line transparency: 0-90% for main elements Wave transparency: 0-95% for fill effects Background transparency: 80-99% for subtle background Label transparency: 0-50% for text elements Glow transparency: 50-95% for glow effects Advanced Processing: Five smoothing types: None/SMA/EMA/RMA/WMA Noise filtering with adjustable threshold (0.1-10.0) CCI normalization for enhanced gradient scaling Dynamic wave width with ATR-based volatility response Interpretation Guidelines Divergence Signals: Strong divergences: High-confidence reversal signals requiring immediate attention Moderate divergences: Reliable signals suitable for most trading strategies Weak divergences: Early warning signals best combined with additional confirmation Wave Intensity: Wave width and color intensity provide real-time volatility and momentum feedback. Wider, more intense waves indicate higher market volatility and stronger momentum. Color Transitions: Smooth color transitions between bullish, neutral, and bearish states help identify market regime changes and momentum shifts. CCI Levels: Traditional overbought (>100) and oversold (<-100) levels remain relevant, but the gradient system provides more nuanced momentum reading between these extremes. Technical Specifications Compatible Timeframes: All timeframes supported Maximum Labels: 500 (for divergence marking) Maximum Lines: 500 (for divergence drawing) Pine Script Version: v5 (latest optimization) Overlay Mode: False (separate pane indicator) Usage Recommendations This indicator works best when: -Combined with price action analysis and support/resistance levels -Used across multiple timeframes for confirmation -Integrated with proper risk management protocols -Applied in trending markets for divergence-based reversal signals -Utilized with other technical indicators for comprehensive analysis Risk Disclaimer: Trading involves substantial risk of loss. This indicator is provided for analytical purposes only and does not constitute financial advice. Divergence signals, while powerful, are not guaranteed to predict future price movements. Past performance is not indicative of future results. Always use proper risk management and never trade with capital you cannot afford to lose.
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