Multiple Bollinger Bands + Volatility [AlgoTraderPro]This indicator helps traders visualize price ranges and volatility changes. Designed to assist in identifying potential consolidation zones, the indicator uses multiple layers of Bollinger Bands combined with volatility-based shading. This can help traders spot periods of reduced price movement, which are often followed by breakouts or trend reversals.
█ FEATURES
Multiple Bollinger Bands: Displays up to seven bands with customizable standard deviations, providing a layered view of price range activity.
Volatility Measurement: Tracks changes in Bollinger Band width to display volatility percentage and direction (increasing, decreasing, or neutral).
Volatility Shading: Uses color-coded shading between the outermost bands to indicate changes in volatility, helping to visualize potential consolidation zones.
Customizable Inputs: Modify lookback periods, moving average lengths, and standard deviations for each band to tailor the analysis to your strategy.
Volatility Table: Displays a table on the chart showing real-time volatility data and direction for quick reference.
█ HOW TO USE
Add the Indicator: Apply it to your TradingView chart.
Adjust Settings: Customize the Bollinger Bands’ parameters to suit your trading timeframe and strategy.
Analyze Consolidation Zones: Use the multiple bands and volatility shading to identify areas of reduced price activity, signaling potential breakouts.
Monitor Volatility: Refer to the volatility table to track real-time shifts in market volatility.
Use in Different Markets: Adapt the settings for various assets and timeframes to assess market conditions effectively.
█ NOTES
• The indicator is useful in consolidating markets where price movement is limited, offering insights into potential breakout areas.
• Adjust the settings based on asset and market conditions for optimal results.
Komut dosyalarını "zone" için ara
Supertrend (Buy/Sell) With TP & SLSupertrend (Buy/Sell) with TP & SL: An Enhanced Trading Tool
This Pine Script indicator combines the popular Supertrend indicator with multiple take-profit (TP) and stop-loss (SL) levels, providing traders with a comprehensive visual aid for potential entries, exits, and risk management.
Originality
Buffer Zones for Precision: Instead of relying solely on the Supertrend line, this script incorporates buffer zones around it. This helps filter out false signals, especially in volatile markets, leading to more accurate buy/sell signals.
Flexible Stop-Loss: Offers the choice between a fixed or trailing stop-loss, allowing traders to tailor their risk management approach based on their preferences and market conditions.
Multiple Take-Profit Levels: Provides three potential take-profit levels, giving traders the flexibility to secure profits at different stages of a trend.
Heikin Ashi Candles & VWAP: Incorporates Heikin Ashi candles for smoother trend visualization and adds a VWAP line for potential support/resistance levels.
Clear Table Display: Presents key information like Stop Loss and Take Profit levels in a user-friendly table, making it easier to track trade targets.
How It Works
Supertrend Calculation: The Supertrend is calculated using ATR (Average True Range) to gauge market volatility. The script then creates buffer zones around the Supertrend line for refined signal generation.
Buy/Sell Signals:
Buy: When the close price crosses above the upper buffer zone, indicating a potential uptrend.
Sell: When the close price crosses below the lower buffer zone, suggesting a potential downtrend.
Take Profit & Stop Loss:
Take Profits: Three TP levels are calculated based on ATR and a customizable profit factor.
Stop Loss: The stop-loss can be set as either a fixed value based on ATR or as a trailing stop-loss that dynamically adjusts to lock in profits.
How To Use
Add the Indicator: Search for "Supertrend (Buy/Sell) With TP & SL" in the TradingView indicators list and add it to your chart.
Customize Inputs: Adjust parameters like ATR Period, Factor, Take Profit Factor, Stop Loss Factor, Stop Loss Type, etc., based on your trading style and preferences.
Interpret Signals: Look for buy signals when the price crosses above the upper buffer and sell signals when it crosses below the lower buffer.
Manage Risk: Use the plotted Take Profit and Stop Loss levels to manage your risk and potential rewards.
Concepts
Supertrend: A trend-following indicator that helps identify the direction of the prevailing trend.
ATR (Average True Range): A measure of market volatility.
Buffer Zones: Used to filter out false signals by creating a zone around the Supertrend line.
Trailing Stop Loss: A dynamic stop-loss that moves with the price to protect profits.
Heikin Ashi: A type of candlestick chart designed to filter out market noise and make trends easier to identify.
VWAP (Volume Weighted Average Price): An indicator that shows the average price at which a security has traded throughout the day, based on both volume and price.
Important Note: This script is for educational and informational purposes only. Backtest thoroughly and use with caution in live trading. Always manage your risk appropriately.
ZORZOR (Zone of Outperformance Ratio) with Supporting Indicators
This custom indicator introduces an approach to measuring asset performance through the Zone of Outperformance Ratio (ZOR), complemented by two supporting indicators for comprehensive market analysis.
1. ZOR (Zone of Outperformance Ratio)
The ZOR is the cornerstone of this indicator, offering a unique perspective on an asset's performance across multiple time zones:
Measures the degree of an asset's outperformance against a benchmark (default: NSE:NIFTY) across different time zones
Utilizes a weighted multi-timeframe approach for a holistic performance view
Combines performance ratios from 63, 126, 189, and 252-day zones and results in a score between 0-99, with higher scores indicating stronger outperformance across zones
Key Features:
Fully configurable weights for each timeframe (63, 126, 189, 252 days)
Customizable benchmark symbol
Color-coded display: Blue for scores ≥60 (strong performance), Red for scores <60 (weaker performance)
2. Supporting Indicators
To enhance analysis and provide context to the ZOR score, two additional indicators are included:
a) Distance to 52-week High:
Calculates the percentage distance between current price and 52-week high
Color-coded for quick interpretation:
Yellow-green when price is above 52-week high
Dark green when price is below 52-week high
Helps identify potential overbought conditions or breakout scenarios
b) Distance to EMA:
Shows percentage distance from current price to a user-defined EMA (default: 21-day)
Helps gauge short-term momentum relative to the trend
Useful for identifying potential mean reversion opportunities
Originality and Usefulness
The ZOR indicator offers a fresh perspective on relative performance by:
Combining multiple timeframes into a single, easy-to-interpret score
Applying a non-linear transformation to emphasize recent performance
Providing a flexible framework for comparing assets against any chosen benchmark
The supporting indicators complement the ZOR by offering additional context:
Distance to 52-week High helps identify potential trend strength and breakout scenarios
Distance to EMA provides insights into short-term momentum and potential mean reversion
This combination allows traders to:
Quickly identify outperforming assets across multiple timeframes
Assess whether an asset is extended from its long-term highs or short-term average
Make more informed decisions by considering relative performance, trend strength, and momentum in a single view
How to Use
1. Add the indicator to your chart
2. Customize settings in the indicator properties:
- Set benchmark symbol
- Toggle visibility of supporting indicators
- Customize EMA length for Distance to EMA
- Adjust ZOR calculation weights(Optional)
3. Interpret the color-coded labels:
- ZOR: Blue (strong performance) or Red (weaker performance)
- Distance to High: Yellow-green (above 52-week high) or Dark green (below)
- Distance to EMA: Purple label showing percentage
4. Use in conjunction with other technical and fundamental analysis for comprehensive trading decisions
This indicator provides a unique, multi-faceted approach to performance analysis, combining relative strength measurement with trend and momentum indicators for a holistic market view.
High Probability OS/OB {DCAquant}DCAquant - High Probability OS/OB
The DCAquant - High Probability OS/OB Pine Script is a sophisticated indicator that provides insights into overbought (OB) and oversold (OS) conditions based on Hull Moving Averages (HMA) and Volume Weighted Moving Averages (VWMA). Here's a detailed breakdown of its functionality:
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THIS INDICATOR IS ONLY WRITTEN FOR BTC, ETH and TOTAL!!!!!!!!!!!!!
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Functionality
The script identifies high-probability OB and OS zones by combining multiple moving averages (MAs).
1. Volume Weighted Moving Average (VWMA)
The VWMA function computes the VWMA over a specified length, incorporating both the price and volume.
2. Hull Moving Average with Volume Weight (HMA-VW)
The hullma_vw function calculates the HMA using the VWMA. This involves:
Computing VWMAs over the full length and half-length.
Using these VWMAs to derive the HMA-VW through a weighted approach.
5. Standard Hull Moving Average (HMA)
The hull function computes the HMA using the standard weighted moving average (WMA).
4. Smoothed HMA-VW
This is an Exponential Moving Average (EMA) of the HMA-VW to smooth out short-term fluctuations.
How this works
First, the distance between the 2 MA's is calculated.
The distance is scored against the average price of the last 100 days.
By getting this score we can calculate extremes
The Extremes are categorized into 4 levels. The transparency of the background color distinguishes these 4 levels.
Only the MOST extremes are plotted ON THE CHART. Within the indicator, all 4 levels are plotted.
Usage
Extreme Buy zone: Consider entering the market when the indicator shows deep negative values (oversold). These are highlighted with a cyan background, with increasing opacity indicating stronger buy signals (Level 4 Zones).
Extreme Sell Zone: Consider exiting the market when the indicator shows high positive values (overbought). These are highlighted with a magenta background, with increasing opacity indicating stronger sell signals (Level 4 Zones).
Disclaimer
This indicator should not be used in isolation. It is recommended to use this as part of a systematic approach, incorporating other tools and analysis methods to confirm signals and make well-informed trading decisions.
ChartRage - ELMAELMA - Exponential Logarithmic Moving Average
This is a new kind of moving average that is using exponential normalization of a logarithmic formula. The exponential function is used to average the weight on the moving average while the logarithmic function is used to calculate the overall price effect.
Features and Settings:
◻️ Following rate of change instead of absolute levels
◻️ Choose input source of the data
◻️ Real time signals through price interaction
◻️ Change ELMA length
◻️ Change the exponential decay rate
◻️ Customize base color and signal color
Equation of the ELMA:
This formula calculates a weighted average of the logarithm of prices, where more recent prices have a higher weight. The result is then exponentiated to return the ELMA value. This approach emphasizes the relative changes in price, making the ELMA sensitive to the % rate of change rather than absolute price levels. The decay rate can be adjusted in the settings.
Comparison EMA vs ELMA:
In this image we see the differences to the Exponential Moving Average.
Price Interaction and earlier Signals:
In this image we have added the bars, so we can see that the ELMA provides different signals of resistance and support zones and highlights them, by changing to the color yellow, when prices interact with the ELMA.
Strategy by trading Support and Resistance Zones:
The ELMA helps to evaluate trends and find entry points in bullish market conditions, and exit points in bearish conditions. When prices drop below the ELMA in a bull market, it is considered a buying signal. Conversely, in a bear market, it serves as an exit signal when prices trade above the ELMA.
Volatile Markets:
The ELMA works on all timeframes and markets. In this example we used the default value for Bitcoin. The ELMA clearly shows support and resistance zones. Depending on the asset, the length and the decay rate should be adjusted to provide the best results.
Real Time Signals:
Signals occur not after a candle closes but when price interacts with the ELMA level, providing real time signals by shifting color. (default = yellow)
Disclaimer* All analyses, charts, scripts, strategies, ideas, or indicators developed by us are provided for informational and educational purposes only. We do not guarantee any future results based on the use of these tools or past data. Users should trade at their own risk.
This work is licensed under Attribution-NonCommercial-ShareAlike 4.0 International
creativecommons.org
Stochastic / Connectable [Azullian]Advance your market analysis with the Stochastic Oscillator. Identify potential price reversals with precision, aiding in the creation of flexible and accurate strategies.
This connectable Stochastic indicator is part of an indicator system designed to help test, visualize and build strategy configurations without coding. Like all connectable indicators , it interacts through the TradingView input source, which serves as a signal connector to link indicators to each other. All connectable indicators send signal weight to the next node in the system until it reaches either a connectable signal monitor, signal filter and/or strategy.
█ UNIFORM SETTINGS AND A WAY OF WORK
Although connectable indicators may have specific weight scoring conditions, they all aim to follow a standardized general approach to weight scoring settings, as outlined below.
■ Connectable indicators - Settings
• 🗲 Energy: Energy applies an ATR multiplier to the plotted shapes on the chart. A higher value plots shapes farther away from the candle, enhancing visibility.
• ☼ Brightness: Brightness determines the opacity of the shape plotted on the chart, aiding visibility. Indicator weight also influences opacity.
• → Input: Use the input setting to specify a data source for the indicator. Here you can connect the indicator to other indicators.
• ⌥ Flow: Determine where you want to receive signals from:
○ Both: Weights from this indicator and the connected indicator will apply
○ Indicator only: Only weights from this indicator will apply
○ Input only: Only weights from the connected indicator will apply
• ⥅ Weight multiplier: Multiply all weights in the entire indicator by a given factor, useful for quickly testing different indicators in a granular setup.
• ⥇ Threshold: Set a threshold to indicate the minimum amount of weight it should receive to pass it through to the next indicator.
• ⥱ Limiter: Set a hard limit to the maximum amount of weight that can be fed through the indicator.
■ Connectable indicators - Weight scoring settings
▢ Weight scoring conditions
• SM – Signal mode: Enable specific conditions for weight scoring
○ All: All signals will be scored.
○ Entries only: Only entries will score.
○ Exits only: Only exits will score.
○ Entries & exits: Both entries and exits will score.
○ Zone: Continuous scoring for each candle within the zone.
• SP – Signal period: Defines a range of candles within which a signal can score.
• SC - Signal count: Specifies the number of bars to retrospectively examine and score.
○ Single: Score for a single occurrence
○ All occurrences: Score for all occurrences
○ Single + Threshold: Score for single occurrences within the signal period (SP)
○ Every + Threshold: Score for all occurrences within the signal period (SP)
▢ Weight scoring direction
• ES: Enter Short weight
• XL: Exit long weight
• EL: Enter Long weight
• XS: Exit Short weight
▢ Weight scoring values
• Weights can hold either positive or negative scores. Positive weights enhance a particular trading direction, while negative weights diminish it.
█ STOCHASTIC - INDICATOR SETTINGS
■ Main settings
• Enable/Disable Indicator: Toggle the entire indicator on or off.
• S - Source: Choose an alternative data source for the Stochastic calculation.
• T - Timeframe: Select an alternative timeframe for the Stochastic calculation.
• KL - %K Length: Define the number of bars or periods used in the calculation of the %K value.
• OB - Overbought Level: Determine the Stochastic value at which overbought conditions are met.
• OS - Oversold Level: Specify the Stochastic value at which oversold conditions are met.
• %K - %K Smoothing: DDefine the number of bars or periods used to smooth the %K value.
• %D - %D Smoothing: Define the number of bars or periods used to calculate and smooth the %D
■ Scoring functionality
• The Stochastic scores long entries when the %K line crosses above the %D line within the OS (oversold) area.
• The Stochastic scores long exits when the %K line crosses below the %D line after being in the OS (oversold) area.
• The Stochastic scores long zones for the duration the %K is above the %D line within the OS (oversold) area.
• The Stochastic scores short entries when the %K line crosses below the %D line within the OB (overbought) area.
• The Stochastic scores short exits when the %K line crosses above the %D line after being in the OB (overbought) area.
• The Stochastic scores short zones for the duration the %K is below the %D line within the OB (overbought) area.
█ PLOTTING
• Standard: Symbols (EL, XS, ES, XL) appear relative to candles based on set conditions. Their opacity and position vary with weight.
• Conditional Settings: A larger icon appears if global conditions are met. For instance, with a Threshold(⥇) of 12, Signal Period (SP) of 3, and Scoring Condition (SC) set to "EVERY", a Stochastic signaling over two times in 3 candles (scoring 6 each) triggers a larger icon.
█ USAGE OF CONNECTABLE INDICATORS
■ Connectable chaining mechanism
Connectable indicators can be connected directly to the signal monitor, signal filter or strategy , or they can be daisy chained to each other while the last indicator in the chain connects to the signal monitor, signal filter or strategy. When using a signal filter you can chain the filter to the strategy input to make your chain complete.
• Direct chaining: Connect an indicator directly to the signal monitor, signal filter or strategy through the provided inputs (→).
• Daisy chaining: Connect indicators using the indicator input (→). The first in a daisy chain should have a flow (⌥) set to 'Indicator only'. Subsequent indicators use 'Both' to pass the previous weight. The final indicator connects to the signal monitor, signal filter, or strategy.
■ Set up this indicator with a signal filter and strategy
The indicator provides visual cues based on signal conditions. However, its weight system is best utilized when paired with a connectable signal filter, signal monitor, or strategy .
Let's connect the Stochastic to a connectable signal filter and a strategy :
1. Load all relevant indicators
• Load Stochastic / Connectable
• Load Signal filter / Connectable
• Load Strategy / Connectable
2. Signal Filter: Connect the Stochastic to the Signal Filter
• Open the signal filter settings
• Choose one of the three input dropdowns (1→, 2→, 3→) and choose : Stochastic / Connectable: Signal Connector
• Toggle the enable box before the connected input to enable the incoming signal
3. Signal Filter: Update the filter signals settings if needed
• The default settings of the filter enable EL (Enter Long), XL (Exit Long), ES (Enter Short) and XS (Exit Short).
4. Signal Filter: Update the weight threshold settings if needed
• All connectable indicators load by default with a score of 6 for each direction (EL, XL, ES, XS)
• By default, weight threshold (TH) is set at 5. This allows each occurrence to score, as the default score in each connectable indicator is 1 point above the threshold. Adjust to your liking.
5. Strategy: Connect the strategy to the signal filter in the strategy settings
• Select a strategy input → and select the Signal filter: Signal connector
6. Strategy: Enable filter compatible directions
• Set the signal mode of the strategy to a compatible direction with the signal filter.
Now that everything is connected, you'll notice green spikes in the signal filter representing long signals, and red spikes indicating short signals. Trades will also appear on the chart, complemented by a performance overview. Your journey is just beginning: delve into different scoring mechanisms, merge diverse connectable indicators, and craft unique chains. Instantly test your results and discover the potential of your configurations. Dive deep and enjoy the process!
█ BENEFITS
• Adaptable Modular Design: Arrange indicators in diverse structures via direct or daisy chaining, allowing tailored configurations to align with your analysis approach.
• Streamlined Backtesting: Simplify the iterative process of testing and adjusting combinations, facilitating a smoother exploration of potential setups.
• Intuitive Interface: Navigate TradingView with added ease. Integrate desired indicators, adjust settings, and establish alerts without delving into complex code.
• Signal Weight Precision: Leverage granular weight allocation among signals, offering a deeper layer of customization in strategy formulation.
• Advanced Signal Filtering: Define entry and exit conditions with more clarity, granting an added layer of strategy precision.
• Clear Visual Feedback: Distinct visual signals and cues enhance the readability of charts, promoting informed decision-making.
• Standardized Defaults: Indicators are equipped with universally recognized preset settings, ensuring consistency in initial setups across different types like momentum or volatility.
• Reliability: Our indicators are meticulously developed to prevent repainting. We strictly adhere to TradingView's coding conventions, ensuring our code is both performant and clean.
█ COMPATIBLE INDICATORS
Each indicator that incorporates our open-source 'azLibConnector' library and adheres to our conventions can be effortlessly integrated and used as detailed above.
For clarity and recognition within the TradingView platform, we append the suffix ' / Connectable' to every compatible indicator.
█ COMMON MISTAKES, CLARIFICATIONS AND TIPS
• Removing an indicator from a chain: Deleting a linked indicator and confirming the "remove study tree" alert will also remove all underlying indicators in the object tree. Before removing one, disconnect the adjacent indicators and move it to the object stack's bottom.
• Point systems: The azLibConnector provides 500 points for each direction (EL: Enter long, XL: Exit long, ES: Enter short, XS: Exit short) Remember this cap when devising a point structure.
• Flow misconfiguration: In daisy chains the first indicator should always have a flow (⌥) setting of 'indicator only' while other indicator should have a flow (⌥) setting of 'both'.
• Hide attributes: As connectable indicators send through quite some information you'll notice all the arguments are taking up some screenwidth and cause some visual clutter. You can disable arguments in Chart Settings / Status line.
• Layout and abbreviations: To maintain a consistent structure, we use abbreviations for each input. While this may initially seem complex, you'll quickly become familiar with them. Each abbreviation is also explained in the inline tooltips.
• Inputs: Connecting a connectable indicator directly to the strategy delivers the raw signal without a weight threshold, meaning every signal will trigger a trade.
█ A NOTE OF GRATITUDE
Through years of exploring TradingView and Pine Script, we've drawn immense inspiration from the community's knowledge and innovation. Thank you for being a constant source of motivation and insight.
█ RISK DISCLAIMER
Azullian's content, tools, scripts, articles, and educational offerings are presented purely for educational and informational uses. Please be aware that past performance should not be considered a predictor of future results.
MACD / Connectable [Azullian]Enhance your market insight with the MACD indicator. Monitor momentum to make more informed trading decisions, facilitating the development of stronger strategies.
This connectable MACD indicator is part of an indicator system designed to help test, visualize and build strategy configurations without coding. Like all connectable indicators , it interacts through the TradingView input source, which serves as a signal connector to link indicators to each other. All connectable indicators send signal weight to the next node in the system until it reaches either a connectable signal monitor, signal filter and/or strategy.
█ UNIFORM SETTINGS AND A WAY OF WORK
Although connectable indicators may have specific weight scoring conditions, they all aim to follow a standardized general approach to weight scoring settings, as outlined below.
■ Connectable indicators - Settings
• 🗲 Energy: Energy applies an ATR multiplier to the plotted shapes on the chart. A higher value plots shapes farther away from the candle, enhancing visibility.
• ☼ Brightness: Brightness determines the opacity of the shape plotted on the chart, aiding visibility. Indicator weight also influences opacity.
• → Input: Use the input setting to specify a data source for the indicator. Here you can connect the indicator to other indicators.
• ⌥ Flow: Determine where you want to receive signals from:
○ Both: Weights from this indicator and the connected indicator will apply
○ Indicator only: Only weights from this indicator will apply
○ Input only: Only weights from the connected indicator will apply
• ⥅ Weight multiplier: Multiply all weights in the entire indicator by a given factor, useful for quickly testing different indicators in a granular setup.
• ⥇ Threshold: Set a threshold to indicate the minimum amount of weight it should receive to pass it through to the next indicator.
• ⥱ Limiter: Set a hard limit to the maximum amount of weight that can be fed through the indicator.
■ Connectable indicators - Weight scoring settings
▢ Weight scoring conditions
• SM – Signal mode: Enable specific conditions for weight scoring
○ All: All signals will be scored.
○ Entries only: Only entries will score.
○ Exits only: Only exits will score.
○ Entries & exits: Both entries and exits will score.
○ Zone: Continuous scoring for each candle within the zone.
• SP – Signal period: Defines a range of candles within which a signal can score.
• SC - Signal count: Specifies the number of bars to retrospectively examine and score.
○ Single: Score for a single occurrence
○ All occurrences: Score for all occurrences
○ Single + Threshold: Score for single occurrences within the signal period (SP)
○ Every + Threshold: Score for all occurrences within the signal period (SP)
▢ Weight scoring direction
• ES: Enter Short weight
• XL: Exit long weight
• EL: Enter Long weight
• XS: Exit Short weight
▢ Weight scoring values
• Weights can hold either positive or negative scores. Positive weights enhance a particular trading direction, while negative weights diminish it.
█ MACD - INDICATOR SETTINGS
■ Main settings
• Enable/Disable Indicator: Toggle the entire indicator on or off.
• S - Source: Choose an alternative data source for the MACD calculation.
• T - Timeframe: Select an alternative timeframe for the MACD calculation.
• FL - Fast Length: Define the number of bars or periods used in the MACD calculation for the fast length.
• SL - Fast Length: Define the number of bars or periods used in the MACD calculation for the slow length.
• SM - Smoothing: Smooths the averaged MACD over a specified period.
• C - Condition Define the smoothing amount
○ Above/Below zero: : Trigger when the MACD line is above or below zero
○ All: : Trigger on all conditions
■ MACD Scoring functionality
• The MACD scores long entries when it crosses above its smoothed value and is below the zero line.
• The MACD scores long exits when it crosses below its smoothed value after a long entry.
• The MACD scores long zones the entire time the MACD line is above its smoothed value and below zero.
• The MACD scores short entries when it crosses below its smoothed value and is above the zero line.
• The MACD scores short exits when it crosses above its smoothed value after a short entry.
• The MACD scores short zones the entire time the MACD line is below its smoothed value and above zero.
█ PLOTTING
• Standard: Symbols (EL, XS, ES, XL) appear relative to candles based on set conditions. Their opacity and position vary with weight.
• Conditional Settings: A larger icon appears if global conditions are met. For instance, with a Threshold(⥇) of 12, Signal Period (SP) of 3, and Scoring Condition (SC) set to "EVERY", an MACD signaling over two times in 3 candles (scoring 6 each) triggers a larger icon.
█ USAGE OF CONNECTABLE INDICATORS
■ Connectable chaining mechanism
Connectable indicators can be connected directly to the signal monitor, signal filter or strategy , or they can be daisy chained to each other while the last indicator in the chain connects to the signal monitor, signal filter or strategy. When using a signal filter you can chain the filter to the strategy input to make your chain complete.
• Direct chaining: Connect an indicator directly to the signal monitor, signal filter or strategy through the provided inputs (→).
• Daisy chaining: Connect indicators using the indicator input (→). The first in a daisy chain should have a flow (⌥) set to 'Indicator only'. Subsequent indicators use 'Both' to pass the previous weight. The final indicator connects to the signal monitor, signal filter, or strategy.
■ Set up this indicator with a signal filter and strategy
The indicator provides visual cues based on signal conditions. However, its weight system is best utilized when paired with a connectable signal filter, monitor, or strategy .
Let's connect the MACD to a connectable signal filter and a strategy :
1. Load all relevant indicators
• Load MACD / Connectable
• Load Signal filter / Connectable
• Load Strategy / Connectable
2. Signal Filter: Connect the MACD to the Signal Filter
• Open the signal filter settings
• Choose one of the three input dropdowns (1→, 2→, 3→) and choose : MACD / Connectable: Signal Connector
• Toggle the enable box before the connected input to enable the incoming signal
3. Signal Filter: Update the filter signals settings if needed
• The default settings of the filter enable EL (Enter Long), XL (Exit Long), ES (Enter Short) and XS (Exit Short).
4. Signal Filter: Update the weight threshold settings if needed
• All connectable indicators load by default with a score of 6 for each direction (EL, XL, ES, XS)
• By default, weight threshold (TH) is set at 5. This allows each occurrence to score, as the default score in each connectable indicator is 1 point above the threshold. Adjust to your liking.
5. Strategy: Connect the strategy to the signal filter in the strategy settings
• Select a strategy input → and select the Signal filter: Signal connector
6. Strategy: Enable filter compatible directions
• Set the signal mode of the strategy to a compatible direction with the signal filter.
Now that everything is connected, you'll notice green spikes in the signal filter representing long signals, and red spikes indicating short signals. Trades will also appear on the chart, complemented by a performance overview. Your journey is just beginning: delve into different scoring mechanisms, merge diverse connectable indicators, and craft unique chains. Instantly test your results and discover the potential of your configurations. Dive deep and enjoy the process!
█ BENEFITS
• Adaptable Modular Design: Arrange indicators in diverse structures via direct or daisy chaining, allowing tailored configurations to align with your analysis approach.
• Streamlined Backtesting: Simplify the iterative process of testing and adjusting combinations, facilitating a smoother exploration of potential setups.
• Intuitive Interface: Navigate TradingView with added ease. Integrate desired indicators, adjust settings, and establish alerts without delving into complex code.
• Signal Weight Precision: Leverage granular weight allocation among signals, offering a deeper layer of customization in strategy formulation.
• Advanced Signal Filtering: Define entry and exit conditions with more clarity, granting an added layer of strategy precision.
• Clear Visual Feedback: Distinct visual signals and cues enhance the readability of charts, promoting informed decision-making.
• Standardized Defaults: Indicators are equipped with universally recognized preset settings, ensuring consistency in initial setups across different types like momentum or volatility.
• Reliability: Our indicators are meticulously developed to prevent repainting. We strictly adhere to TradingView's coding conventions, ensuring our code is both performant and clean.
█ COMPATIBLE INDICATORS
Each indicator that incorporates our open-source 'azLibConnector' library and adheres to our conventions can be effortlessly integrated and used as detailed above.
For clarity and recognition within the TradingView platform, we append the suffix ' / Connectable' to every compatible indicator.
█ COMMON MISTAKES, CLARIFICATIONS AND TIPS
• Removing an indicator from a chain: Deleting a linked indicator and confirming the "remove study tree" alert will also remove all underlying indicators in the object tree. Before removing one, disconnect the adjacent indicators and move it to the object stack's bottom.
• Point systems: The azLibConnector provides 500 points for each direction (EL: Enter long, XL: Exit long, ES: Enter short, XS: Exit short) Remember this cap when devising a point structure.
• Flow misconfiguration: In daisy chains the first indicator should always have a flow (⌥) setting of 'indicator only' while other indicator should have a flow (⌥) setting of 'both'.
• Hide attributes: As connectable indicators send through quite some information you'll notice all the arguments are taking up some screenwidth and cause some visual clutter. You can disable arguments in Chart Settings / Status line.
• Layout and abbreviations: To maintain a consistent structure, we use abbreviations for each input. While this may initially seem complex, you'll quickly become familiar with them. Each abbreviation is also explained in the inline tooltips.
• Inputs: Connecting a connectable indicator directly to the strategy delivers the raw signal without a weight threshold, meaning every signal will trigger a trade.
█ A NOTE OF GRATITUDE
Through years of exploring TradingView and Pine Script, we've drawn immense inspiration from the community's knowledge and innovation. Thank you for being a constant source of motivation and insight.
█ RISK DISCLAIMER
Azullian's content, tools, scripts, articles, and educational offerings are presented purely for educational and informational uses. Please be aware that past performance should not be considered a predictor of future results.
KDJ / Connectable [Azullian]Enhance your analysis with our KDJ. Oscillate through buying and selling signals seamlessly, identifying potential reversals with accuracy.
This connectable KDJ indicator is part of an indicator system designed to help test, visualize and build strategy configurations without coding. Like all connectable indicators , it interacts through the TradingView input source, which serves as a signal connector to link indicators to each other. All connectable indicators send signal weight to the next node in the system until it reaches either a connectable signal monitor, signal filter and/or strategy.
█ UNIFORM SETTINGS AND A WAY OF WORK
Although connectable indicators may have specific weight scoring conditions, they all aim to follow a standardized general approach to weight scoring settings, as outlined below.
■ Connectable indicators - Settings
• 🗲 Energy: Energy applies an ATR multiplier to the plotted shapes on the chart. A higher value plots shapes farther away from the candle, enhancing visibility.
• ☼ Brightness: Brightness determines the opacity of the shape plotted on the chart, aiding visibility. Indicator weight also influences opacity.
• → Input: Use the input setting to specify a data source for the indicator. Here you can connect the indicator to other indicators.
• ⌥ Flow: Determine where you want to receive signals from:
○ Both: Weights from this indicator and the connected indicator will apply
○ Indicator only: Only weights from this indicator will apply
○ Input only: Only weights from the connected indicator will apply
• ⥅ Weight multiplier: Multiply all weights in the entire indicator by a given factor, useful for quickly testing different indicators in a granular setup.
• ⥇ Threshold: Set a threshold to indicate the minimum amount of weight it should receive to pass it through to the next indicator.
• ⥱ Limiter: Set a hard limit to the maximum amount of weight that can be fed through the indicator.
■ Connectable indicators - Weight scoring settings
▢ Weight scoring conditions
• SM – Signal mode: Enable specific conditions for weight scoring
○ All: All signals will be scored.
○ Entries only: Only entries will score.
○ Exits only: Only exits will score.
○ Entries & exits: Both entries and exits will score.
○ Zone: Continuous scoring for each candle within the zone.
• SP – Signal period: Defines a range of candles within which a signal can score.
• SC - Signal count: Specifies the number of bars to retrospectively examine and score.
○ Single: Score for a single occurrence
○ All occurrences: Score for all occurrences
○ Single + Threshold: Score for single occurrences within the signal period (SP)
○ Every + Threshold: Score for all occurrences within the signal period (SP)
▢ Weight scoring direction
• ES: Enter Short weight
• XL: Exit long weight
• EL: Enter Long weight
• XS: Exit Short weight
▢ Weight scoring values
• Weights can hold either positive or negative scores. Positive weights enhance a particular trading direction, while negative weights diminish it.
█ KDJ - INDICATOR SETTINGS
■ Main settings
• Enable/Disable Indicator: Toggle the entire indicator on or off.
• S - Source: Choose an alternative data source for the KDJ calculation.
• T - Timeframe: Select an alternative timeframe for the KDJ calculation.
• P - Period: Define the number of bars or periods used in the KDJ calculation.
• SL - Signal line: Adjust the smoothing factor for the KDJ's J line. This not only offers clearer buy/sell cues by reducing market noise but also determines the precise points for potential crossovers and crossunders.
■ Scoring functionality
• The KDJ scores long entries when the J line crosses over the signal (SL) line.
• The KDJ scores long exits when the J line crosses under the signal (SL) line after a prior crossover.
• The KDJ scores long zones the entire time the J line is above the signal (SL) line.
• The KDJ scores short entries when the J line crosses under the signal (SL) line.
• The KDJ scores short exits when the J line crosses over the signal (SL) line after a prior crossunder.
• The KDJ scores short zones the entire time the J line is below the signal (SL) line.
█ PLOTTING
• Standard: Symbols (EL, XS, ES, XL) appear relative to candles based on set conditions. Their opacity and position vary with weight.
• Conditional Settings: A larger icon appears if global conditions are met. For instance, with a Threshold(⥇) of 12, Signal Period (SP) of 3, and Scoring Condition (SC) set to "EVERY", an KDJ signaling over two times in 3 candles (scoring 6 each) triggers a larger icon.
█ USAGE OF CONNECTABLE INDICATORS
■ Connectable chaining mechanism
Connectable indicators can be connected directly to the signal monitor, signal filter or strategy , or they can be daisy chained to each other while the last indicator in the chain connects to the signal monitor, signal filter or strategy. When using a signal filter you can chain the filter to the strategy input to make your chain complete.
• Direct chaining: Connect an indicator directly to the signal monitor, signal filter or strategy through the provided inputs (→).
• Daisy chaining: Connect indicators using the indicator input (→). The first in a daisy chain should have a flow (⌥) set to 'Indicator only'. Subsequent indicators use 'Both' to pass the previous weight. The final indicator connects to the signal monitor, signal filter, or strategy.
■ Set up this indicator with a signal filter and strategy
The indicator provides visual cues based on signal conditions. However, its weight system is best utilized when paired with a connectable signal filter, signal monitor, or strategy .
Let's connect the KDJ to a connectable signal filter and a strategy :
1. Load all relevant indicators
• Load KDJ / Connectable
• Load Signal filter / Connectable
• Load Strategy / Connectable
2. Signal Filter: Connect the KDJ to the Signal Filter
• Open the signal filter settings
• Choose one of the three input dropdowns (1→, 2→, 3→) and choose : KDJ / Connectable: Signal Connector
• Toggle the enable box before the connected input to enable the incoming signal
3. Signal Filter: Update the filter signals settings if needed
• The default settings of the filter enable EL (Enter Long), XL (Exit Long), ES (Enter Short) and XS (Exit Short).
4. Signal Filter: Update the weight threshold settings if needed
• All connectable indicators load by default with a score of 6 for each direction (EL, XL, ES, XS)
• By default, weight threshold (TH) is set at 5. This allows each occurrence to score, as the default score in each connectable indicator is 1 point above the threshold. Adjust to your liking.
5. Strategy: Connect the strategy to the signal filter in the strategy settings
• Select a strategy input → and select the Signal filter: Signal connector
6. Strategy: Enable filter compatible directions
• Set the signal mode of the strategy to a compatible direction with the signal filter.
Now that everything is connected, you'll notice green spikes in the signal filter representing long signals, and red spikes indicating short signals. Trades will also appear on the chart, complemented by a performance overview. Your journey is just beginning: delve into different scoring mechanisms, merge diverse connectable indicators, and craft unique chains. Instantly test your results and discover the potential of your configurations. Dive deep and enjoy the process!
█ BENEFITS
• Adaptable Modular Design: Arrange indicators in diverse structures via direct or daisy chaining, allowing tailored configurations to align with your analysis approach.
• Streamlined Backtesting: Simplify the iterative process of testing and adjusting combinations, facilitating a smoother exploration of potential setups.
• Intuitive Interface: Navigate TradingView with added ease. Integrate desired indicators, adjust settings, and establish alerts without delving into complex code.
• Signal Weight Precision: Leverage granular weight allocation among signals, offering a deeper layer of customization in strategy formulation.
• Advanced Signal Filtering: Define entry and exit conditions with more clarity, granting an added layer of strategy precision.
• Clear Visual Feedback: Distinct visual signals and cues enhance the readability of charts, promoting informed decision-making.
• Standardized Defaults: Indicators are equipped with universally recognized preset settings, ensuring consistency in initial setups across different types like momentum or volatility.
• Reliability: Our indicators are meticulously developed to prevent repainting. We strictly adhere to TradingView's coding conventions, ensuring our code is both performant and clean.
█ COMPATIBLE INDICATORS
Each indicator that incorporates our open-source 'azLibConnector' library and adheres to our conventions can be effortlessly integrated and used as detailed above.
For clarity and recognition within the TradingView platform, we append the suffix ' / Connectable' to every compatible indicator.
█ COMMON MISTAKES, CLARIFICATIONS AND TIPS
• Removing an indicator from a chain: Deleting a linked indicator and confirming the "remove study tree" alert will also remove all underlying indicators in the object tree. Before removing one, disconnect the adjacent indicators and move it to the object stack's bottom.
• Point systems: The azLibConnector provides 500 points for each direction (EL: Enter long, XL: Exit long, ES: Enter short, XS: Exit short) Remember this cap when devising a point structure.
• Flow misconfiguration: In daisy chains the first indicator should always have a flow (⌥) setting of 'indicator only' while other indicator should have a flow (⌥) setting of 'both'.
• Hide attributes: As connectable indicators send through quite some information you'll notice all the arguments are taking up some screenwidth and cause some visual clutter. You can disable arguments in Chart Settings / Status line.
• Layout and abbreviations: To maintain a consistent structure, we use abbreviations for each input. While this may initially seem complex, you'll quickly become familiar with them. Each abbreviation is also explained in the inline tooltips.
• Inputs: Connecting a connectable indicator directly to the strategy delivers the raw signal without a weight threshold, meaning every signal will trigger a trade.
█ A NOTE OF GRATITUDE
Through years of exploring TradingView and Pine Script, we've drawn immense inspiration from the community's knowledge and innovation. Thank you for being a constant source of motivation and insight.
█ RISK DISCLAIMER
Azullian's content, tools, scripts, articles, and educational offerings are presented purely for educational and informational uses. Please be aware that past performance should not be considered a predictor of future results.
Donchian channels / Connectable [Azullian]Refine your breakout trading techniques with Donchian Channels. Accurately pinpoint significant highs and lows, enhancing your capacity to detect and react to key market movements.
This connectable Donchian channels indicator is part of an indicator system designed to help test, visualize and build strategy configurations without coding. Like all connectable indicators , it interacts through the TradingView input source, which serves as a signal connector to link indicators to each other. All connectable indicators send signal weight to the next node in the system until it reaches either a connectable signal monitor, signal filter and/or strategy.
█ UNIFORM SETTINGS AND A WAY OF WORK
Although connectable indicators may have specific weight scoring conditions, they all aim to follow a standardized general approach to weight scoring settings, as outlined below.
■ Connectable indicators - Settings
• 🗲 Energy: Energy applies an ATR multiplier to the plotted shapes on the chart. A higher value plots shapes farther away from the candle, enhancing visibility.
• ☼ Brightness: Brightness determines the opacity of the shape plotted on the chart, aiding visibility. Indicator weight also influences opacity.
• → Input: Use the input setting to specify a data source for the indicator. Here you can connect the indicator to other indicators.
• ⌥ Flow: Determine where you want to receive signals from:
○ Both: Weights from this indicator and the connected indicator will apply
○ Indicator only: Only weights from this indicator will apply
○ Input only: Only weights from the connected indicator will apply
• ⥅ Weight multiplier: Multiply all weights in the entire indicator by a given factor, useful for quickly testing different indicators in a granular setup.
• ⥇ Threshold: Set a threshold to indicate the minimum amount of weight it should receive to pass it through to the next indicator.
• ⥱ Limiter: Set a hard limit to the maximum amount of weight that can be fed through the indicator.
■ Connectable indicators - Weight scoring settings
▢ Weight scoring conditions
• SM – Signal mode: Enable specific conditions for weight scoring
○ All: All signals will be scored.
○ Entries only: Only entries will score
○ Exits only: Only exits will score.
○ Entries & exits: Both entries and exits will score.
○ Zone: Continuous scoring for each candle within the zone.
• SP – Signal period: Defines a range of candles within which a signal can score.
• SC - Signal count: Specifies the number of bars to retrospectively examine and score.
○ Single: Score for a single occurrence
○ All occurrences: Score for all occurrences
○ Single + Threshold: Score for single occurrences within the signal period (SP)
○ Every + Threshold: Score for all occurrences within the signal period (SP)
▢ Weight scoring direction
• ES: Enter Short weight
• XL: Exit long weight
• EL: Enter Long weight
• XS: Exit Short weight
▢ Weight scoring values
• Weights can hold either positive or negative scores. Positive weights enhance a particular trading direction, while negative weights diminish it.
█ Donchian channels - INDICATOR SETTINGS
■ Main settings
• Enable/Disable Indicator: Toggle the entire indicator on or off.
• S - Source: Choose an alternative data source for the Donchian channels calculation.
• T - Timeframe: Select an alternative timeframe for the Donchian channels calculation.
• LE - Length: Determine the period the Donchian channels are calculated on
• Enable/Disable plotting: Toggle the plotting of the Donchian channels
• U: Choose a color for the upper band
• B: Choose a color for the basis
• L: Choose a color for the lower band
• BG: Choose a color for Donchian channels background
■ Scoring functionality
• The Donchian channels score long entries when the current low price is equal to lower band.
• The Donchian channels score long exits when the current high price is equal to the upper band.
• The Donchian channels score long zones the entire time the current low price is equal to the lower band.
• The Donchian channels score short entries when the current high is equal to the upper band.
• The Donchian channels score short exits when the current low is equal to the lower band.
• The Donchian channels score short zones the entire time the current high price is equal to the upper band.
█ PLOTTING
• Standard: Symbols (EL, XS, ES, XL) appear relative to candles based on set conditions. Their opacity and position vary with weight.
• Conditional Settings: A larger icon appears if global conditions are met. For instance, with a Threshold(⥇) of 12, Signal Period (SP) of 3, and Scoring Condition (SC) set to "EVERY", a Donchian channels signaling over two times in 3 candles (scoring 6 each) triggers a larger icon.
█ USAGE OF CONNECTABLE INDICATORS
■ Connectable chaining mechanism
Connectable indicators can be connected directly to the signal monitor, signal filter or strategy , or they can be daisy chained to each other while the last indicator in the chain connects to the signal monitor, signal filter or strategy. When using a signal filter you can chain the filter to the strategy input to make your chain complete.
• Direct chaining: Connect an indicator directly to the signal monitor, signal filter or strategy through the provided inputs (→).
• Daisy chaining: Connect indicators using the indicator input (→). The first in a daisy chain should have a flow (⌥) set to 'Indicator only'. Subsequent indicators use 'Both' to pass the previous weight. The final indicator connects to the signal monitor, signal filter, or strategy.
■ Set up this indicator with a signal filter and strategy
The indicator provides visual cues based on signal conditions. However, its weight system is best utilized when paired with a connectable signal filter, signal monitor, or strategy .
Let's connect the Donchian channels to a connectable signal filter and a strategy :
1. Load all relevant indicators
• Load Donchian channels / Connectable
• Load Signal filter / Connectable
• Load Strategy / Connectable
2. Signal Filter: Connect the Donchian channels to the Signal Filter
• Open the signal filter settings
• Choose one of the three input dropdowns (1→, 2→, 3→) and choose : Donchian channels / Connectable: Signal Connector
• Toggle the enable box before the connected input to enable the incoming signal
3. Signal Filter: Update the filter signals settings if needed
• The default settings of the filter enable EL (Enter Long), XL (Exit Long), ES (Enter Short) and XS (Exit Short).
4. Signal Filter: Update the weight threshold settings if needed
• All connectable indicators load by default with a score of 6 for each direction (EL, XL, ES, XS)
• By default, weight threshold (TH) is set at 5. This allows each occurrence to score, as the default score in each connectable indicator is 1 point above the threshold. Adjust to your liking.
5. Strategy: Connect the strategy to the signal filter in the strategy settings
• Select a strategy input → and select the Signal filter: Signal connector
6. Strategy: Enable filter compatible directions
• Set the signal mode of the strategy to a compatible direction with the signal filter.
Now that everything is connected, you'll notice green spikes in the signal filter representing long signals, and red spikes indicating short signals. Trades will also appear on the chart, complemented by a performance overview. Your journey is just beginning: delve into different scoring mechanisms, merge diverse connectable indicators, and craft unique chains. Instantly test your results and discover the potential of your configurations. Dive deep and enjoy the process!
█ BENEFITS
• Adaptable Modular Design: Arrange indicators in diverse structures via direct or daisy chaining, allowing tailored configurations to align with your analysis approach.
• Streamlined Backtesting: Simplify the iterative process of testing and adjusting combinations, facilitating a smoother exploration of potential setups.
• Intuitive Interface: Navigate TradingView with added ease. Integrate desired indicators, adjust settings, and establish alerts without delving into complex code.
• Signal Weight Precision: Leverage granular weight allocation among signals, offering a deeper layer of customization in strategy formulation.
• Advanced Signal Filtering: Define entry and exit conditions with more clarity, granting an added layer of strategy precision.
• Clear Visual Feedback: Distinct visual signals and cues enhance the readability of charts, promoting informed decision-making.
• Standardized Defaults: Indicators are equipped with universally recognized preset settings, ensuring consistency in initial setups across different types like momentum or volatility.
• Reliability: Our indicators are meticulously developed to prevent repainting. We strictly adhere to TradingView's coding conventions, ensuring our code is both performant and clean.
█ COMPATIBLE INDICATORS
Each indicator that incorporates our open-source 'azLibConnector' library and adheres to our conventions can be effortlessly integrated and used as detailed above.
For clarity and recognition within the TradingView platform, we append the suffix ' / Connectable' to every compatible indicator.
█ COMMON MISTAKES, CLARIFICATIONS AND TIPS
• Removing an indicator from a chain: Deleting a linked indicator and confirming the "remove study tree" alert will also remove all underlying indicators in the object tree. Before removing one, disconnect the adjacent indicators and move it to the object stack's bottom.
• Point systems: The azLibConnector provides 500 points for each direction (EL: Enter long, XL: Exit long, ES: Enter short, XS: Exit short) Remember this cap when devising a point structure.
• Flow misconfiguration: In daisy chains the first indicator should always have a flow (⌥) setting of 'indicator only' while other indicator should have a flow (⌥) setting of 'both'.
• Hide attributes: As connectable indicators send through quite some information you'll notice all the arguments are taking up some screenwidth and cause some visual clutter. You can disable arguments in Chart Settings / Status line.
• Layout and abbreviations: To maintain a consistent structure, we use abbreviations for each input. While this may initially seem complex, you'll quickly become familiar with them. Each abbreviation is also explained in the inline tooltips.
• Inputs: Connecting a connectable indicator directly to the strategy delivers the raw signal without a weight threshold, meaning every signal will trigger a trade.
█ A NOTE OF GRATITUDE
Through years of exploring TradingView and Pine Script, we've drawn immense inspiration from the community's knowledge and innovation. Thank you for being a constant source of motivation and insight.
█ RISK DISCLAIMER
Azullian's content, tools, scripts, articles, and educational offerings are presented purely for educational and informational uses. Please be aware that past performance should not be considered a predictor of future results.
CCI / Connectable [Azullian]Sharpen your analysis of market trends with the CCI indicator. Effectively evaluate market cycles and identify potential reversals, enriching your strategic planning.
This connectable CCI indicator is part of an indicator system designed to help test, visualize and build strategy configurations without coding. Like all connectable indicators , it interacts through the TradingView input source, which serves as a signal connector to link indicators to each other. All connectable indicators send signal weight to the next node in the system until it reaches either a connectable signal monitor, signal filter and/or strategy.
█ UNIFORM SETTINGS AND A WAY OF WORK
Although connectable indicators may have specific weight scoring conditions, they all aim to follow a standardized general approach to weight scoring settings, as outlined below.
■ Connectable indicators - Settings
• 🗲 Energy: Energy applies an ATR multiplier to the plotted shapes on the chart. A higher value plots shapes farther away from the candle, enhancing visibility.
• ☼ Brightness: Brightness determines the opacity of the shape plotted on the chart, aiding visibility. Indicator weight also influences opacity.
• → Input: Use the input setting to specify a data source for the indicator. Here you can connect the indicator to other indicators.
• ⌥ Flow: Determine where you want to receive signals from:
○ Both: Weights from this indicator and the connected indicator will apply
○ Indicator only: Only weights from this indicator will apply
○ Input only: Only weights from the connected indicator will apply
• ⥅ Weight multiplier: Multiply all weights in the entire indicator by a given factor, useful for quickly testing different indicators in a granular setup.
• ⥇ Threshold: Set a threshold to indicate the minimum amount of weight it should receive to pass it through to the next indicator.
• ⥱ Limiter: Set a hard limit to the maximum amount of weight that can be fed through the indicator.
■ Connectable indicators - Weight scoring settings
▢ Weight scoring conditions
• SM – Signal mode: Enable specific conditions for weight scoring
○ All: All signals will be scored.
○ Entries only: Only entries will score.
○ Exits only: Only exits will score.
○ Entries & exits: Both entries and exits will score.
○ Zone: Continuous scoring for each candle within the zone.
• SP – Signal period: Defines a range of candles within which a signal can score.
• SC - Signal count: Specifies the number of bars to retrospectively examine and score.
○ Single: Score for a single occurrence
○ All occurrences: Score for all occurrences
○ Single + Threshold: Score for single occurrences within the signal period (SP)
○ Every + Threshold: Score for all occurrences within the signal period (SP)
▢ Weight scoring direction
• ES: Enter Short weight
• XL: Exit long weight
• EL: Enter Long weight
• XS: Exit Short weight
▢ Weight scoring values
• Weights can hold either positive or negative scores. Positive weights enhance a particular trading direction, while negative weights diminish it.
█ CCI - INDICATOR SETTINGS
■ Main settings
• Enable/Disable Indicator: Toggle the entire indicator on or off.
• S - Source: Choose an alternative data source for the CCI calculation.
• T - Timeframe: Select an alternative timeframe for the CCI calculation.
• LE - Length: Define the number of bars or periods used in the CCI calculation.
• OB - Overbought Level: Determine the CCI value at which overbought conditions are met.
• OS - Oversold Level: Specify the CCI value at which oversold conditions are met.
■ Scoring functionality
• The CCI scores long entries when the CCI enters OS: oversold area
• The CCI scores long exits when the CCI exits OS: oversold area
• The CCI scores long zones the entire time the CCI is in OS: oversold area
• The CCI scores short entries when the CCI enters OB: overbought area
• The CCI scores short exits when the CCI exits OB: overbought area
• The CCI scores short zones the entire time the CCI is in OB: overbought area
█ PLOTTING
• Standard: Symbols (EL, XS, ES, XL) appear relative to candles based on set conditions. Their opacity and position vary with weight.
• Conditional Settings: A larger icon appears if global conditions are met. For instance, with a Threshold(⥇) of 12, Signal Period (SP) of 3, and Scoring Condition (SC) set to "EVERY", an CCI signaling over two times in 3 candles (scoring 6 each) triggers a larger icon.
█ USAGE OF CONNECTABLE INDICATORS
■ Connectable chaining mechanism
Connectable indicators can be connected directly to the signal monitor, signal filter or strategy , or they can be daisy chained to each other while the last indicator in the chain connects to the signal monitor, signal filter or strategy. When using a signal filter you can chain the filter to the strategy input to make your chain complete.
• Direct chaining: Connect an indicator directly to the signal monitor, signal filter or strategy through the provided inputs (→).
• Daisy chaining: Connect indicators using the indicator input (→). The first in a daisy chain should have a flow (⌥) set to 'Indicator only'. Subsequent indicators use 'Both' to pass the previous weight. The final indicator connects to the signal monitor, signal filter, or strategy.
■ Set up this indicator with a signal filter and strategy
The indicator provides visual cues based on signal conditions. However, its weight system is best utilized when paired with a connectable signal filter, monitor, or strategy .
Let's connect the CCI to a connectable signal filter and a strategy :
1. Load all relevant indicators
• Load CCI / Connectable
• Load Signal filter / Connectable
• Load Strategy / Connectable
2. Signal Filter: Connect the CCI to the Signal Filter
• Open the signal filter settings
• Choose one of the three input dropdowns (1→, 2→, 3→) and choose : CCI / Connectable: Signal Connector
• Toggle the enable box before the connected input to enable the incoming signal
3. Signal Filter: Update the filter signals settings if needed
• The default settings of the filter enable EL (Enter Long), XL (Exit Long), ES (Enter Short) and XS (Exit Short).
4. Signal Filter: Update the weight threshold settings if needed
• All connectable indicators load by default with a score of 6 for each direction (EL, XL, ES, XS)
• By default, weight threshold (TH) is set at 5. This allows each occurrence to score, as the default score in each connectable indicator is 1 point above the threshold. Adjust to your liking.
5. Strategy: Connect the strategy to the signal filter in the strategy settings
• Select a strategy input → and select the Signal filter: Signal connector
6. Strategy: Enable filter compatible directions
• Set the signal mode of the strategy to a compatible direction with the signal filter.
Now that everything is connected, you'll notice green spikes in the signal filter representing long signals, and red spikes indicating short signals. Trades will also appear on the chart, complemented by a performance overview. Your journey is just beginning: delve into different scoring mechanisms, merge diverse connectable indicators, and craft unique chains. Instantly test your results and discover the potential of your configurations. Dive deep and enjoy the process!
█ BENEFITS
• Adaptable Modular Design: Arrange indicators in diverse structures via direct or daisy chaining, allowing tailored configurations to align with your analysis approach.
• Streamlined Backtesting: Simplify the iterative process of testing and adjusting combinations, facilitating a smoother exploration of potential setups.
• Intuitive Interface: Navigate TradingView with added ease. Integrate desired indicators, adjust settings, and establish alerts without delving into complex code.
• Signal Weight Precision: Leverage granular weight allocation among signals, offering a deeper layer of customization in strategy formulation.
• Advanced Signal Filtering: Define entry and exit conditions with more clarity, granting an added layer of strategy precision.
• Clear Visual Feedback: Distinct visual signals and cues enhance the readability of charts, promoting informed decision-making.
• Standardized Defaults: Indicators are equipped with universally recognized preset settings, ensuring consistency in initial setups across different types like momentum or volatility.
• Reliability: Our indicators are meticulously developed to prevent repainting. We strictly adhere to TradingView's coding conventions, ensuring our code is both performant and clean.
█ COMPATIBLE INDICATORS
Each indicator that incorporates our open-source 'azLibConnector' library and adheres to our conventions can be effortlessly integrated and used as detailed above.
For clarity and recognition within the TradingView platform, we append the suffix ' / Connectable' to every compatible indicator.
█ COMMON MISTAKES, CLARIFICATIONS AND TIPS
• Removing an indicator from a chain: Deleting a linked indicator and confirming the "remove study tree" alert will also remove all underlying indicators in the object tree. Before removing one, disconnect the adjacent indicators and move it to the object stack's bottom.
• Point systems: The azLibConnector provides 500 points for each direction (EL: Enter long, XL: Exit long, ES: Enter short, XS: Exit short) Remember this cap when devising a point structure.
• Flow misconfiguration: In daisy chains the first indicator should always have a flow (⌥) setting of 'indicator only' while other indicator should have a flow (⌥) setting of 'both'.
• Hide attributes: As connectable indicators send through quite some information you'll notice all the arguments are taking up some screenwidth and cause some visual clutter. You can disable arguments in Chart Settings / Status line.
• Layout and abbreviations: To maintain a consistent structure, we use abbreviations for each input. While this may initially seem complex, you'll quickly become familiar with them. Each abbreviation is also explained in the inline tooltips.
• Inputs: Connecting a connectable indicator directly to the strategy delivers the raw signal without a weight threshold, meaning every signal will trigger a trade.
█ A NOTE OF GRATITUDE
Through years of exploring TradingView and Pine Script, we've drawn immense inspiration from the community's knowledge and innovation. Thank you for being a constant source of motivation and insight.
█ RISK DISCLAIMER
Azullian's content, tools, scripts, articles, and educational offerings are presented purely for educational and informational uses. Please be aware that past performance should not be considered a predictor of future results.
Bollinger bands / Connectable [Azullian]Deepen your understanding of market volatility using Bollinger Bands. This tool helps in discerning price movements and volatility trends, essential for crafting effective strategies.
This connectable Bollinger bands indicator is part of an indicator system designed to help test, visualize and build strategy configurations without coding. Like all connectable indicators , it interacts through the TradingView input source, which serves as a signal connector to link indicators to each other. All connectable indicators send signal weight to the next node in the system until it reaches either a connectable signal monitor, signal filter and/or strategy.
█ UNIFORM SETTINGS AND A WAY OF WORK
Although connectable indicators may have specific weight scoring conditions, they all aim to follow a standardized general approach to weight scoring settings, as outlined below.
■ Connectable indicators - Settings
• 🗲 Energy: Energy applies an ATR multiplier to the plotted shapes on the chart. A higher value plots shapes farther away from the candle, enhancing visibility.
• ☼ Brightness: Brightness determines the opacity of the shape plotted on the chart, aiding visibility. Indicator weight also influences opacity.
• → Input: Use the input setting to specify a data source for the indicator. Here you can connect the indicator to other indicators.
• ⌥ Flow: Determine where you want to receive signals from:
○ Both: Weights from this indicator and the connected indicator will apply
○ Indicator only: Only weights from this indicator will apply
○ Input only: Only weights from the connected indicator will apply
• ⥅ Weight multiplier: Multiply all weights in the entire indicator by a given factor, useful for quickly testing different indicators in a granular setup.
• ⥇ Threshold: Set a threshold to indicate the minimum amount of weight it should receive to pass it through to the next indicator.
• ⥱ Limiter: Set a hard limit to the maximum amount of weight that can be fed through the indicator.
■ Connectable indicators - Weight scoring settings
▢ Weight scoring conditions
• SM – Signal mode: Enable specific conditions for weight scoring
○ All: All signals will be scored.
○ Entries only: Only entries will score
○ Exits only: Only exits will score.
○ Entries & exits: Both entries and exits will score.
○ Zone: Continuous scoring for each candle within the zone.
• SP – Signal period: Defines a range of candles within which a signal can score.
• SC - Signal count: Specifies the number of bars to retrospectively examine and score.
○ Single: Score for a single occurrence
○ All occurrences: Score for all occurrences
○ Single + Threshold: Score for single occurrences within the signal period (SP)
○ Every + Threshold: Score for all occurrences within the signal period (SP)
▢ Weight scoring direction
• ES: Enter Short weight
• XL: Exit long weight
• EL: Enter Long weight
• XS: Exit Short weight
▢ Weight scoring values
• Weights can hold either positive or negative scores. Positive weights enhance a particular trading direction, while negative weights diminish it.
█ Bollinger bands - INDICATOR SETTINGS
■ Main settings
• Enable/Disable Indicator: Toggle the entire indicator on or off.
• S - Source: Choose an alternative data source for the Bollinger bands calculation.
• T - Timeframe: Select an alternative timeframe for the Bollinger bands calculation.
• LE - Length: Determine the period the bollinger bands are calculated on
• SD - Standard deviation: Determine the standard deviation for the bollinger bands.
• Enable/Disable plotting: Toggle the plotting of the Bollinger bands
• U: Choose a color for the upper band
• B: Choose a color for the basis
• L: Choose a color for the lower band
• BG: Choose a color for Bollinger bands background
■ Scoring functionality
• The Bollinger bands score long entries when the current low price is smaller than the lower band.
• The Bollinger bands score long exits when the current high price is higher than the upper band.
• The Bollinger bands score long zones the entire time the current low price is smaller than the lower band.
• The Bollinger bands score short entries when the current high is higher than the upper band.
• The Bollinger bands score short exits when the current low is smaller than the lower band.
• The Bollinger bands score short zones the entire time the current high price is higher than the upper band.
█ PLOTTING
• Standard: Symbols (EL, XS, ES, XL) appear relative to candles based on set conditions. Their opacity and position vary with weight.
• Conditional Settings: A larger icon appears if global conditions are met. For instance, with a Threshold(⥇) of 12, Signal Period (SP) of 3, and Scoring Condition (SC) set to "EVERY", a Bollinger bands signaling over two times in 3 candles (scoring 6 each) triggers a larger icon.
█ USAGE OF CONNECTABLE INDICATORS
■ Connectable chaining mechanism
Connectable indicators can be connected directly to the signal monitor, signal filter or strategy , or they can be daisy chained to each other while the last indicator in the chain connects to the signal monitor, signal filter or strategy. When using a signal filter you can chain the filter to the strategy input to make your chain complete.
• Direct chaining: Connect an indicator directly to the signal monitor, signal filter or strategy through the provided inputs (→).
• Daisy chaining: Connect indicators using the indicator input (→). The first in a daisy chain should have a flow (⌥) set to 'Indicator only'. Subsequent indicators use 'Both' to pass the previous weight. The final indicator connects to the signal monitor, signal filter, or strategy.
■ Set up this indicator with a signal filter and strategy
The indicator provides visual cues based on signal conditions. However, its weight system is best utilized when paired with a connectable signal filter, signal monitor, and/or strategy .
Let's connect the Bollinger bands to a connectable signal filter and a strategy :
1. Load all relevant indicators
• Load Bollinger bands / Connectable
• Load Signal filter / Connectable
• Load Strategy / Connectable
2. Signal Filter: Connect the Bollinger bands to the Signal Filter
• Open the signal filter settings
• Choose one of the three input dropdowns (1→, 2→, 3→) and choose : Bollinger bands / Connectable: Signal Connector
• Toggle the enable box before the connected input to enable the incoming signal
3. Signal Filter: Update the filter signals settings if needed
• The default settings of the filter enable EL (Enter Long), XL (Exit Long), ES (Enter Short) and XS (Exit Short).
4. Signal Filter: Update the weight threshold settings if needed
• All connectable indicators load by default with a score of 6 for each direction (EL, XL, ES, XS)
• By default, weight threshold (TH) is set at 5. This allows each occurrence to score, as the default score in each connectable indicator is 1 point above the threshold. Adjust to your liking.
5. Strategy: Connect the strategy to the signal filter in the strategy settings
• Select a strategy input → and select the Signal filter: Signal connector
6. Strategy: Enable filter compatible directions
• Set the signal mode of the strategy to a compatible direction with the signal filter.
Now that everything is connected, you'll notice green spikes in the signal filter representing long signals, and red spikes indicating short signals. Trades will also appear on the chart, complemented by a performance overview. Your journey is just beginning: delve into different scoring mechanisms, merge diverse connectable indicators, and craft unique chains. Instantly test your results and discover the potential of your configurations. Dive deep and enjoy the process!
█ BENEFITS
• Adaptable Modular Design: Arrange indicators in diverse structures via direct or daisy chaining, allowing tailored configurations to align with your analysis approach.
• Streamlined Backtesting: Simplify the iterative process of testing and adjusting combinations, facilitating a smoother exploration of potential setups.
• Intuitive Interface: Navigate TradingView with added ease. Integrate desired indicators, adjust settings, and establish alerts without delving into complex code.
• Signal Weight Precision: Leverage granular weight allocation among signals, offering a deeper layer of customization in strategy formulation.
• Advanced Signal Filtering: Define entry and exit conditions with more clarity, granting an added layer of strategy precision.
• Clear Visual Feedback: Distinct visual signals and cues enhance the readability of charts, promoting informed decision-making.
• Standardized Defaults: Indicators are equipped with universally recognized preset settings, ensuring consistency in initial setups across different types like momentum or volatility.
• Reliability: Our indicators are meticulously developed to prevent repainting. We strictly adhere to TradingView's coding conventions, ensuring our code is both performant and clean.
█ COMPATIBLE INDICATORS
Each indicator that incorporates our open-source 'azLibConnector' library and adheres to our conventions can be effortlessly integrated and used as detailed above.
For clarity and recognition within the TradingView platform, we append the suffix ' / Connectable' to every compatible indicator.
█ COMMON MISTAKES, CLARIFICATIONS AND TIPS
• Removing an indicator from a chain: Deleting a linked indicator and confirming the "remove study tree" alert will also remove all underlying indicators in the object tree. Before removing one, disconnect the adjacent indicators and move it to the object stack's bottom.
• Point systems: The azLibConnector provides 500 points for each direction (EL: Enter long, XL: Exit long, ES: Enter short, XS: Exit short) Remember this cap when devising a point structure.
• Flow misconfiguration: In daisy chains the first indicator should always have a flow (⌥) setting of 'indicator only' while other indicator should have a flow (⌥) setting of 'both'.
• Hide attributes: As connectable indicators send through quite some information you'll notice all the arguments are taking up some screenwidth and cause some visual clutter. You can disable arguments in Chart Settings / Status line.
• Layout and abbreviations: To maintain a consistent structure, we use abbreviations for each input. While this may initially seem complex, you'll quickly become familiar with them. Each abbreviation is also explained in the inline tooltips.
• Inputs: Connecting a connectable indicator directly to the strategy delivers the raw signal without a weight threshold, meaning every signal will trigger a trade.
█ A NOTE OF GRATITUDE
Through years of exploring TradingView and Pine Script, we've drawn immense inspiration from the community's knowledge and innovation. Thank you for being a constant source of motivation and insight.
█ RISK DISCLAIMER
Azullian's content, tools, scripts, articles, and educational offerings are presented purely for educational and informational uses. Please be aware that past performance should not be considered a predictor of future results.
ADX / Connectable [Azullian]
Streamline your strategy with the ADX indicator. Precisely analyze market strength and direction, integrating these insights for more adaptable trading decisions.
This connectable ADX indicator is part of an indicator system designed to help test, visualize and build strategy configurations without coding. Like all connectable indicators , it interacts through the TradingView input source, which serves as a signal connector to link indicators to each other. All connectable indicators send signal weight to the next node in the system until it reaches either a connectable signal monitor, signal filter and/or strategy.
█ UNIFORM SETTINGS AND A WAY OF WORK
Although connectable indicators may have specific weight scoring conditions, they all aim to follow a standardized general approach to weight scoring settings, as outlined below.
■ Connectable indicators - Settings
• 🗲 Energy: Energy applies an ATR multiplier to the plotted shapes on the chart. A higher value plots shapes farther away from the candle, enhancing visibility.
• ☼ Brightness: Brightness determines the opacity of the shape plotted on the chart, aiding visibility. Indicator weight also influences opacity.
• → Input: Use the input setting to specify a data source for the indicator. Here you can connect the indicator to other indicators.
• ⌥ Flow: Determine where you want to receive signals from:
○ Both: Weights from this indicator and the connected indicator will apply
○ Indicator only: Only weights from this indicator will apply
○ Input only: Only weights from the connected indicator will apply
• ⥅ Weight multiplier: Multiply all weights in the entire indicator by a given factor, useful for quickly testing different indicators in a granular setup.
• ⥇ Threshold: Set a threshold to indicate the minimum amount of weight it should receive to pass it through to the next indicator.
• ⥱ Limiter: Set a hard limit to the maximum amount of weight that can be fed through the indicator.
■ Connectable indicators - Weight scoring settings
▢ Weight scoring conditions
• SM – Signal mode: Enable specific conditions for weight scoring
○ All: All signals will be scored.
○ Entries only: Only entries will score
○ Exits only: Only exits will score.
○ Entries & exits: Both entries and exits will score.
○ Zone: Continuous scoring for each candle within the zone.
• SP – Signal period: Defines a range of candles within which a signal can score.
• SC - Signal count: Specifies the number of bars to retrospectively examine and score.
○ Single: Score for a single occurrence
○ All occurrences: Score for all occurrences
○ Single + Threshold: Score for single occurrences within the signal period (SP)
○ Every + Threshold: Score for all occurrences within the signal period (SP)
▢ Weight scoring direction
• ES: Enter Short weight
• XL: Exit long weight
• EL: Enter Long weight
• XS: Exit Short weight
▢ Weight scoring values
• Weights can hold either positive or negative scores. Positive weights enhance a particular trading direction, while negative weights diminish it.
█ ADX - INDICATOR SETTINGS
■ Main settings
• Enable/Disable Indicator: Toggle the entire indicator on or off.
• S - Source: Choose an alternative data source for the ADX calculation.
• T - Timeframe: Select an alternative timeframe for the ADX calculation.
• SM - Smoothing: Smooth the length averages.
• LE - DI Length: Determine the DI: Directional indicator length.
• TH - Trend threshold: Specify the level the ADX has to cross
• EM - Entry signal mode: Determine entry mode
○ DI: Use only DI+ and DI- crossings
○ DI + ADX: Use DI with increasing ADX
○ DI + ADX + Invert: Use DI with increasing ADX and DI with decreasing ADX
• XM - Exit signal mode: Determine exit mode
○ DI: Use DI crossing to exit
○ ADX: Use decreasing ADX to signal exit
■ Scoring functionality
• The ADX scores long entries when the ADX crosses the TH: Trend threshold and +DM is greater than -DM
• The ADX scores long exits when the ADX falls back below the TH: Trend threshold and +DM is greater than -DM
• The ADX scores long zones the entire time the ADX is above the TH: Trend threshold and +DM is greater than -DM
• The ADX scores short entries when the ADX crosses the TH: Trend threshold and +DM is smaller than -DM
• The ADX scores short exits when the ADX falls back below the TH: Trend threshold and +DM is smaller than -DM
• The ADX scores short zones the entire time the ADX is above the TH: Trend threshold and +DM is smaller than -DM
█ PLOTTING
• Standard: Symbols (EL, XS, ES, XL) appear relative to candles based on set conditions. Their opacity and position vary with weight.
• Conditional Settings: A larger icon appears if global conditions are met. For instance, with a Threshold(⥇) of 12, Signal Period (SP) of 3, and Scoring Condition (SC) set to "EVERY", an ADX signaling over two times in 3 candles (scoring 6 each) triggers a larger icon.
█ USAGE OF CONNECTABLE INDICATORS
■ Connectable chaining mechanism
Connectable indicators can be connected directly to the signal monitor, signal filter or strategy , or they can be daisy chained to each other while the last indicator in the chain connects to the signal monitor, signal filter or strategy. When using a signal filter you can chain the filter to the strategy input to make your chain complete.
• Direct chaining: Connect an indicator directly to the signal monitor, signal filter or strategy through the provided inputs (→).
• Daisy chaining: Connect indicators using the indicator input (→). The first in a daisy chain should have a flow (⌥) set to 'Indicator only'. Subsequent indicators use 'Both' to pass the previous weight. The final indicator connects to the signal monitor, signal filter and/or strategy.
■ Set up this indicator with a signal filter and strategy
The indicator provides visual cues based on signal conditions. However, its weight system is best utilized when paired with a connectable signal filter, signal monitor, and/or strategy .
Let's connect the ADX to a connectable signal filter and a strategy :
1. Load all relevant indicators
• Load ADX / Connectable
• Load Signal filter / Connectable
• Load Strategy / Connectable
2. Signal Filter: Connect the ADX to the Signal Filter
• Open the signal filter settings
• Choose one of the three input dropdowns (1→, 2→, 3→) and choose : ADX / Connectable: Signal Connector
• Toggle the enable box before the connected input to enable the incoming signal
3. Signal Filter: Update the filter signals settings if needed
• The default settings of the filter enable EL (Enter Long), XL (Exit Long), ES (Enter Short) and XS (Exit Short).
4. Signal Filter: Update the weight threshold settings if needed
• All connectable indicators load by default with a score of 6 for each direction (EL, XL, ES, XS)
• By default, weight threshold (TH) is set at 5. This allows each occurrence to score, as the default score in each connectable indicator is 1 point above the threshold. Adjust to your liking.
5. Strategy: Connect the strategy to the signal filter in the strategy settings
• Select a strategy input → and select the Signal filter: Signal connector
6. Strategy: Enable filter compatible directions
• Set the signal mode of the strategy to a compatible direction with the signal filter.
Now that everything is connected, you'll notice green spikes in the signal filter representing long signals, and red spikes indicating short signals. Trades will also appear on the chart, complemented by a performance overview. Your journey is just beginning: delve into different scoring mechanisms, merge diverse connectable indicators, and craft unique chains. Instantly test your results and discover the potential of your configurations. Dive deep and enjoy the process!
█ BENEFITS
• Adaptable Modular Design: Arrange indicators in diverse structures via direct or daisy chaining, allowing tailored configurations to align with your analysis approach.
• Streamlined Backtesting: Simplify the iterative process of testing and adjusting combinations, facilitating a smoother exploration of potential setups.
• Intuitive Interface: Navigate TradingView with added ease. Integrate desired indicators, adjust settings, and establish alerts without delving into complex code.
• Signal Weight Precision: Leverage granular weight allocation among signals, offering a deeper layer of customization in strategy formulation.
• Signal Filtering: Define entry and exit conditions with more clarity, granting an added layer of strategy precision.
• Clear Visual Feedback: Distinct visual signals and cues enhance the readability of charts, promoting informed decision-making.
• Standardized Defaults: Indicators are equipped with universally recognized preset settings, ensuring consistency in initial setups across different types like momentum or volatility.
• Reliability: Our indicators are meticulously developed to prevent repainting. We strictly adhere to TradingView's coding conventions, ensuring our code is both performant and clean.
█ COMPATIBLE INDICATORS
Each indicator that incorporates our open-source 'azLibConnector' library and adheres to our conventions can be effortlessly integrated and used as detailed above.
For clarity and recognition within the TradingView platform, we append the suffix ' / Connectable' to every compatible indicator.
█ COMMON MISTAKES, CLARIFICATIONS AND TIPS
• Removing an indicator from a chain: Deleting a linked indicator and confirming the "remove study tree" alert will also remove all underlying indicators in the object tree. Before removing one, disconnect the adjacent indicators and move it to the object stack's bottom.
• Point systems: The azLibConnector provides 500 points for each direction (EL: Enter long, XL: Exit long, ES: Enter short, XS: Exit short) Remember this cap when devising a point structure.
• Flow misconfiguration: In daisy chains the first indicator should always have a flow (⌥) setting of 'indicator only' while other indicator should have a flow (⌥) setting of 'both'.
• Hide attributes: As connectable indicators send through quite some information you'll notice all the arguments are taking up some screenwidth and cause some visual clutter. You can disable arguments in Chart Settings / Status line.
• Layout and abbreviations: To maintain a consistent structure, we use abbreviations for each input. While this may initially seem complex, you'll quickly become familiar with them. Each abbreviation is also explained in the inline tooltips.
• Inputs: Connecting a connectable indicator directly to the strategy delivers the raw signal without a weight threshold, meaning every signal will trigger a trade.
█ A NOTE OF GRATITUDE
Through years of exploring TradingView and Pine Script, we've drawn immense inspiration from the community's knowledge and innovation. Thank you for being a constant source of motivation and insight.
█ RISK DISCLAIMER
Azullian's content, tools, scripts, articles, and educational offerings are presented purely for educational and informational uses. Please be aware that past performance should not be considered a predictor of future results.
Fair Value Gaps (Volumetric) | Flux Charts💎 GENERAL OVERVIEW
Introducing a brand new Fair Value Gaps (FVG) indicator, now with Volumetric Zones! You can now see the total volume of FVG zones, as well as their bullish & bearish volume ratio.
Features of the Volumetric FVG Indicator :
Render Bullish / Bearish FVG Zones
See Total Volume Of The FVG Zones
See The Ratio Of Bullish / Bearish Bar Volume Of FVG Zones
Combination Of Overlapping FVG Zones
Variety Of Zone Detection/ Sensitivity / Filtering / Invalidation Settings
High Customizability
🚩UNIQUENESS
The ability to render the total volume of FVGs as well as bullish / bearish volume ratio is what sets this FVG indicator apart from others. Also the ability to combine overlapping FVG zones will result in cleaner charts for traders.
⚙️SETTINGS
1. General Configuration
Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.
Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.
FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.
Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivities resulting in spotting bigger FVGs, and higher sensitivities resulting in spotting all sizes of FVGs.
Show Historic Zones -> If this option is on, the indicator will render invalidated FVG zones as well as current FVG zones. For a cleaner look at current FVG zones which are not invalidated yet, you can turn this option off.
[blackcat] L1 NinjaTrader ChannelNinjaTrader is a popular charting software widely used for trading analysis and execution in financial markets such as stocks, futures, and forex. It provides rich features and tools to assist traders in technical analysis, trade strategy development, and trade execution. When I discovered a built-in channel technical indicator in NinjaTrader and became interested in it but didn't understand its principles, I utilized my extensive development experience to simulate a similar version based on its characteristics, naming it "Ninja Channel" for reference only. First, I observed the characteristics and behavior of the built-in channel indicator. Pay attention to how it calculates and plots the channels, as well as its parameter settings and usage methods. This information can help me better understand the principles and functions of this indicator. Then, I attempted to simulate a similar channel indicator using my existing knowledge of technical analysis tools. I used charting tools and indicators to plot and calculate the upper and lower boundaries of the channel according to my needs and preferences. Please remember that this simulated version is for reference only; there is no guarantee that it will be exactly identical to the built-in channel indicator in NinjaTrader. The original built-in indicator may have more complex calculation methods with more precise results. Therefore, before engaging in actual trading activities, it is recommended that you carefully study and understand the principles and usage methods of the original indicator.
The Ninja Channel belongs to a type of technical indicator used for analyzing price range fluctuations and trends. It constructs an upper-lower boundary channel based on high-low points or moving average line fluctuations of prices to assist traders in determining overbought/oversold zones, trend strength/weaknesses,and price reversal points.
The main uses of Ninja Channel include:
1.Trend determination: The Ninja Channel helps traders determine price trends.When prices are located above half partofthechannel,it indicates an uptrend; when prices are located below half partofthechannel,it indicates adowntrend. Traders can formulate corresponding trading strategies based on trend analysis.
2.Overbought/oversold zones: The upper and lower boundaries of the Ninja Channel can be used to determine overbought and oversold zones.When prices touch or exceed the upper boundary of the channel, it may indicate an overbought market condition with a potential price pullback or reversal; when prices touch or fall below the lower boundary of the channel, it may indicate an oversold market condition with a potential price rebound or reversal.Traders can develop counter-trend or reversal trading strategies based on these overbought/oversold zones.
3.Dynamic support and resistance: The upper and lower boundaries of the Ninja Channel can be seen as dynamic support and resistance levels.When prices approach the upper boundary ofthechannel,theupperboundarymay act asresistance, limiting upward price movement; when prices approachthelowerboundaryofthechannel,thelowerboundarymayactassupport,limiting downward price movement.Traderscanmake trading decisions based on these dynamic supportandresistancelevels.
Of course, for this newly created indicator,some aspects are still unfamiliar.However,the learning process can refer to some common channel-type technical indicators including Bollinger Bands,Keltner Channels,and Donchian Channels. Each indicator has its unique calculation method and parameter settings.Traderscan choose suitable indicators according to their own needsandpreferences.
In summary,NinjaChannel is a type of technical indicator used for analyzingprice range fluctuationsandtrends.It helps traders determine trends,overbought/oversoldzones,anddynamic support/resistance levels in order to formulate appropriate trading strategies.However,technicalindicatorsareonly auxiliary tools.Traderstill needsto consider other factorsandsrisk managementstrategiesinorder tomakemore informedtradingdecisions.
Support & Resistance IndicatorThe MACD Support & Resistance indicator is an enhanced tool to better visualize potential supply (resistance) and demand (support) zones based on the MACD indicator. It combines the strength of the MACD with recent price highs and lows to depict potential breakout or reversal areas in the market.
Features:
MACD Settings: Users can adjust the fast length, slow length, source of MACD, signal smoothing, and MA type for both the oscillator and the signal line.
Dynamic Color Settings: Customize the color of supply boxes, demand boxes, and closed boxes for improved visualization.
Table View: An optional table can be displayed showing the average MACD high and low values, with customizable table position, size, background color, and text color.
Historical MACD Average: The indicator uses a historical average of MACD pivot highs and lows to determine potential support and resistance zones.
Real-Time Zone Detection: The indicator plots 'High Boxes' when the MACD crosses above its average high and 'Low Boxes' when it crosses below its average low, which signifies potential breakout or reversal zones.
How It Works:
The MACD line is calculated using user-defined moving average types (either EMA or SMA).
Pivot highs and pivot lows of the MACD are identified over a specified period.
Historical MACD highs and lows are stored and managed for average calculation. The average MACD high and low values are then used to determine potential trading zones.
When the MACD crosses over its average high, a 'High Box' (representing a potential breakout zone) is plotted from the recent high price to the candle top.
Conversely, when the MACD crosses under its average low, a 'Low Box' (indicating a potential reversal zone) is plotted from the recent low price to the candle base.
As price progresses, the boxes can either extend (if price stays within the zone) or close if a breakout happens.
For those who prefer a tabular view, an optional table displays the average MACD high and low, enhancing the on-chart data representation.
Use Cases:
Traders can use this indicator as an additional tool to spot potential breakout or reversal areas based on the MACD's behavior against its historical average. The visual representation in the form of boxes can assist in making better trading decisions by offering a clear picture of potential supply and demand zones.
Note: As with all trading indicators, it's advisable to use this tool in conjunction with other technical analysis methods or indicators for more informed decision-making.
Katana Gaps Bounty Hunter Pro (Show Gaps of All Types) by RRBKatana Gaps Bounty Hunter Pro (KGB Hunter Pro, Gap Exterminator) by RagingRocketBull 2018
Version 1.0
This indicator shows/counts/filters gaps on a chart.
There are several versions: Simple, Pro, Advanced and Zones. This is the Pro version. The Differences are listed below.
- Simple: shows/counts gaps, changes color based on gap dir (2 colors), filters out price gaps within session, large gaps, and high volume gaps
- Pro: +shows all types of gaps, multi color, pro filters (full/partial/overlapping time, price, large, candle, volume, doji, weekend gaps within delta ranges)
- Advanced: +session times mask, show/count gaps only for last N bars, +min/max/filled gaps stats, dark mode
- Zones: +shows gaps as dynamic horiz zones
KGB Hunter Pro Gap Exterminator focuses on showing you all possible types of gaps in multiple colors. Gap theory states that price tends to return and fill the gaps,
so you can use it to collect the bounty. You can apply any combination of complex filters to narrow down search results i.e., find only all:
- type 3 gaps up with allowed wick-candle overlapping of up to 10% and
- gap size larger than 200 and
- with at least one of the candles larger than 100 and
- volume change at least 40 and
- spanning less than 2 bar periods and
- excluding weekend gaps
Features:
- highlights gaps using barcolor and plotchar chars (8 colors x 2 dirs)
- supports all 3 types of gap overlapping: full gap (no overlapping), wick-wick and wick-body overlapping up to a specified % of candle body
- finds all types of gaps with pro filters for price, time, large, volume, timerange, candle size, doji gaps
- individual show/hide flags for each gap/char based on gap type
- can show/hide gaps/chars based on gap dir
- changes color of gaps/chars based on gap dir/type, multi color gap type combos
- displays chars above/below bar based on gap dir
- can show/hide weekend gaps
- counts all filtered gaps
Colors:
Basically There are 2 gap types (Price, Time) x 2 directions (Up, Down) x 2 modifiers (Large, Volume), Volume Gap is a separate class with its own modifiers, so more accurately:
- (Price, Time) x 2 directions (Up, Down) x Large modifier
- (Price Volume, Time Volume) x 2 directions (Up, Down) x Large modifier
using a total of 16+1 colors or 8+1 base colors + transparency modifier
depending on settings you can highlight gaps using any multi color combo from just 1 to all 16 colors (+1 gray color for weekends).
basic gap = 1 base color with normal transparency
price,time = 2 base colors (including basic gap) with normal transparency (+1 color)
* up,down dir = +2 new base colors with normal transparency (including 2 base colors), with a total of 2*2 = 4 price/time base colors (+2 colors)
* large = same 4 base colors with vivid transparency modifier (+4 colors)
* volume = +2 new base colors with normal transparency, a separate class (+2 colors)
* volume * up,down dir = +another 2 new base colors with normal transparency (including 2 volume base colors), with a total of 2*2 = 4 volume base colors (+2 colors)
* volume * large = 4 volume base colors with vivid transparency modifier (+4 colors)
weekend_gap = gray (+1 color)
doji gap, candle gap, timerange gap = no special color, inherits color from parent gap type
for more details, please see the Gap Color Hierarchy comments in code
_________________________________________________________________________
You can find the following gap related terminology in literature: full, partial, extreme, breakaway, runaway/continuation, common, exhaustion gaps.
There are no exact rules to distinguish between them, so this can't be implemented.
When defining a gap it all boils down to how do you plot a gap, which points between adjacent candles do you consider a gap. Different sources apply different methodology
but in practice only 3 types of gap overlapping can exist:
- full gap (no overlapping),
- partial (wick-wick overlapping) and
- extreme partial (wick-body overlapping up to a specified % of a candle body)
All these types are supported in this script. The only possible remaining option is candle-candle overlapping which is not a gap by definition.
Many other script specific subtypes are also supported. Please see description of each gap type below and comments in code.
General display modes
- gap has 3 possible overlapping modes: full gap (no overlapping), wick-wick overlapping, wick-candle overlapping up to a specified % of candle body size (for mode 3 only)
the remaining candle-candle overlapping implies not a gap by definition
full gap mode will find the least amount of gaps, wick-candle - the most
- gap can be either price or time, up or down, and shown above or below the candles (gap chars)
- by definition, a price gap is a smaller subset of a time gap, a gap within current session with a price gap and zero time lag between bars.
Therefore timerange filter is useless for price gaps, but can still be applied.
On the other hand, all price gap filters can be applied to time gaps without any distinction.
- gap can have multiple modifier subtypes: (price|time) * (up|down) * (large? + volume? + doji? + timerange? + weekend?)
i.e. price + large + volume + doji or time + large + volume + timerange + doji + weekend
- the gap is always counted only once no matter how many subtype modifiers it has
- if the gap does not satisfy any of the applied flags/filters it is not shown/counted (no gap bars/chars are shown)
- gap color can depend on a combo of gap type/dir and modifier subtypes or can be shown in a single base color
- char color can only depend on gap dir (not type/modifiers) or can be shown in a single base color
- char position can also depend on gap dir (above/below) the gap candle. Alternatively you can pin chars to the top/bottom of the screen in UI Styles.
- change_by_type = true - uses gap type base colors (2 colors + optional modifiers, up to 8 colors if volume and/or large filters are enabled)
- change_by_dir = true - uses gap dir base colors (2 colors + optional modifiers, up to 8 colors if volume and/or large filters are enabled)
- both change_by_type and change_by_dir = true - uses both gap type and dir base colors (4 colors + optional modifiers, up to 16 colors if volume and/or large filters are enabled)
- both change_by_type and change_by_dir = false - uses a single base gap color (1 color)
- don't need that much colors - disable filters
- highlight bars has priority over individual gap flags, when it is false all gaps are hidden regardless of their corresponding flag settings (does not affect dim weekend gaps)
- show chars has priority over individual gap char flags, when it is false all char flags are hidden regardless of their corresponding flag settings
- price gaps are only shown/counted when show_price_gaps flag is true. The large or volume filters can be used to narrow down results further.
- time gaps are only shown/counted when show_time_gaps flag is true. The large, volume, and timerange filters can be used to narrow down results further.
- doji gaps are only shown/counted when show_doji_gaps flag is true. The doji candle size and other filters can be used to narrow down results further.
- show weekend gaps = true and dim weekend gaps = false - shows/counts weekend gaps
- show weekend gaps = true and dim weekend gaps = true - dims weekend gaps, doesn't show/count weekwend gaps
- show/dim weekend gaps do just that - show the gap if it happens on a weekend, not all weekends
- large gaps are only shown/counted when the large filter is enabled != 0. positive values 5 (>= 5), negative -5 (<=5) are used to switch between <>
- volume gaps are only shown/counted when the volume filter is enabled != 0. positive values 5 (>= 5), negative -5 (<=5) are used to switch between <>
- timerange gaps are only shown/counted when the timerange filter is enabled != 0. positive values 5 (>= 5), negative -5 (<=5) are used to switch between <>
- candle size gaps are only shown/counted when the candle size filter is enabled != 0. positive values 5 (>= 5), negative -5 (<=5) are used to switch between <>
- candle size filter is the only filter with 2 arguments, use_and_for_delta to enable AND condition for the args (OR is the default)
Good Luck! Feel free to explore and learn from the code
Katana Gaps Bounty Hunter (Show Gaps Counter) by RRBKatana Gaps Bounty Hunter (KGB_Hunter) by RagingRocketBull 2018
Version 1.0
This indicator shows/counts/filters gaps on a chart
There are several versions: Simple, Pro and Zones. This is the Simple version. The Differences are listed below.
- Simple: shows/counts gaps, changes color based on gap dir (2 colors), filters out price gaps within session, large gaps, and high volume gaps
- Pro: +shows all types of gaps, multi color, more filters (time gaps, doji, etc)
- Zones: +shows gaps as dynamic horiz zones
Features:
- highlights gaps using barcolor and plotchar chars (2 colors x 2 dirs)
- can show/hide gaps/chars based on gap dir
- changes color of gaps/chars based on gap dir
- displays chars above/below bar based on gap dir
- can filter out price gaps, large gaps, and high volume gaps
- counts all filtered gaps
Good Luck! Feel free to reuse the code and make it your own
Liquidity Sweeps [SB1]### 🧠 **Liquidity Sweeps \ – Enhanced by SamB817**
> ⚠️ **Original Credit:** This script is built on the excellent foundation by **LuxAlgo**, licensed under (creativecommons.org). All core functionality and visual logic originates from LuxAlgo’s open-source framework. This version adds enhanced functionality tailored for precision intraday and swing entries using sweep behavior.
🔹 Overview
The Liquidity Sweeps indicator is designed to help traders spot bullish and bearish liquidity grabs, a key concept in smart money trading. It automatically detects swing highs and lows, identifies stop hunts, and highlights areas where institutional traders might be sweeping liquidity before price reverses.
🔹 How It Works
Detects liquidity sweeps by tracking swing points based on a user-defined lookback period.
Differentiates between:
✅ Wick-based liquidity grabs (stop hunts).
✅ Breakouts & retests (confirming liquidity sweeps).
✅ Both combined for deeper analysis.
Draws liquidity zones with extendable boxes to visualize areas where liquidity was taken.
Provides alerts when a liquidity sweep occurs. ---
---
### 📈 **WHAT THIS INDICATOR DOES**
This tool identifies **liquidity sweeps**—key moments where price **wicks above/below swing highs/lows**, often triggering stop losses or absorbing institutional orders. These zones frequently precede powerful reversals or continuations.
It draws:
* 🔹 **Dotted lines** at the top or bottom of the candle wicks when a sweep is confirmed.
* 🔹 **Shaded sweep zones** (boxes) which extend until price decisively trades through them.
* 🔹 **Breakout confirmation lines** when price reclaims or mitigates a swept level.
---
### 🔧 **FEATURES & ENHANCEMENTS BY SAM**
* ✅ **Dotted Lines Extension**: Liquidity sweep dotted lines now **automatically extend** until they’re traded through, allowing for reliable reference levels even dozens of bars later.
* ✅ **Thickness Upgrade**: Dotted lines now appear **thicker** for better visibility during fast market conditions.
* ✅ **Visual Cleanup**: Auto-deletion of outdated sweeps (older than 2000 bars or already mitigated).
* ✅ **Optimized Wicks-Only Mode**: Improved behavior when in *Only Wicks* mode, ideal for tracking stop hunts without false triggers.
---
### 🚨 **ALERTS INCLUDED**
1. 🔔 **New Bullish Sweep (Wick)**
2. 🔔 **New Bearish Sweep (Wick)**
These alerts let you react **in real-time** when liquidity has been swept and price is beginning to show directional intent.
---
### 📚 **HOW TO USE IT EFFECTIVELY**
1. **Timeframes**:
* Use on **2H / 4H** for swing setups.
* Use on **1min–15min** for scalping or day trading around NY/LO open.
2. **Entry Logic**:
* Wait for the **dotted line to form after a sweep**.
* **Do not enter immediately.** Wait for: Close of candle!!!!
* A clean **break of the sweep line**, OR
* A **retest of the line within 3–45 bars**, followed by rejection.
3. **Best When Combined With**:
* Fair Value Gaps (FVGs)
* Market Structure Shift (MSS)
* Order Flow Clusters
* Anchored VWAP and Volume Profile
---
### 💡 **TIPS & STRATEGIC INSIGHTS**
* **Sweeps on higher timeframes** (like 2H/4H) are more powerful and often mark **institutional reversals**.
* **Double lines** (dotted lines on both wick ends) = high-volatility trap. Wait for a clean break before entry.
* Use the **sweep box + dotted line** as a **zone**, not a pinpoint level.
* Be patient. Sweeps are **traps first**, **opportunities second**.
---
### 🔓 Attribution
Script forked and expanded from the open-source **LuxAlgo Liquidity Sweeps**. Original License: (creativecommons.org).
Enhancements by **SamB817**.
--- 🧠 1. It Tracks Sweep Behavior — Not Just Breakouts
Purpose: It identifies where liquidity has been taken — stops hit — not where price is "breaking out" in the traditional sense.
The dotted lines show wick-based stop hunts (liquidity raids).
The boxes show sweep zones, including body-to-wick range when applicable.
🟢 Use case: Smart money is taking stops here → expect reaction, not chase the move.
🕓 2. Timeframe Matters — Sweeps on Higher TF = More Impact
15m & 1h: Intraday trap sweeps, good for scalps or fast directional shifts.
2h/4h: Institutional-level sweeps. Often lead to major intraday reversals or the start of a new leg.
Daily/Weekly: Macro-level stops taken → these are often trend changers.
🔑 Rule of thumb: The higher the timeframe the sweep occurs on, the more meaningful the response tends to be.
🎯 3. Entry Logic: Always Wait for Price to Show Direction
After a sweep appears:
Wait for price to break above/below the dotted line or box, depending on the direction.
Don’t enter blindly on the sweep — it's a trap until proven otherwise.
✅ Best entries often occur on retests of the sweep line or area, especially 3–45 bars later (as you’ve already implemented).
🧲 4. Sweeps Often Magnetize Price
Liquidity sweeps act like magnets — if a sweep hasn't been hit yet, price may drift toward it to "collect" those orders.
Use this to anticipate potential targets and reversal zones.
🧪 5. Sweeps Work Best With These Confirmations:
🔹 FVG (Fair Value Gaps) in the same direction immediately after a sweep.
🔹 Market Structure Shift (MSS) right after a sweep = high-probability reversal.
🔹 Order Flow Confirmation: Strong buy/sell imbalances, absorption at sweep level.
🔹 Liquidity voids: If price sweeps and then enters an inefficient zone — fast move likely.
📊 6. Combines Best With These Tools:
Tool Why It Works Well With Sweeps
1.🎯🎯🧠 🧠 Order Flow (AlgoAlpha)Confirm absorption or intent at sweep zone🎯🎯🧠🧠 2.✅ Volume Profile - See if the sweep occurred at a low-volume node (ideal)
3.✅ VWAP or Anchored VWAP - Catch reclaims or rejections off institutional zones
4.✅ Session Highs/Lows Sweeps of session extremes are often the trap setups
🧩 7. Psychology Behind the Sweeps
Sweeps represent stop runs, trap moves, or liquidity grabs by larger players.
The goal is to trigger weak hands before moving in the true direction.
Train yourself to:
Expect the opposite of the sweep direction once structure confirms.
Think like the liquidity provider, not the victim.
Candle Range Detector by TradeTech AnalysisCandle Range Detector by TradeTech Analysis
This advanced indicator identifies and visualizes price compression zones based on inside bar formations, then tracks how price behaves around those zones — offering valuable insights into liquidity sweeps, range expansions, and trap/mitigation behavior.
The script builds upon the foundational concept of range-based price action, commonly used by institutional traders, and adds automation, mitigation tracking, and sweep detection to map how price reacts around these critical ranges.
🔍 How It Works:
• Range Formation: A new range is detected when the current candle forms entirely within the high and low of the previous candle (i.e., an inside bar). This behavior often indicates price compression and potential breakout zones.
• Range Extension: Once a range is confirmed, the script projects upper and lower boundaries (using either a percentage-based multiplier or Fibonacci log extension), providing context for expected breakout zones.
• Mitigation Tracking: The script continuously monitors whether price breaks above or below the projected extensions, marking that range as mitigated — useful for confirming whether liquidity was absorbed.
• Sweep Detection: If price re-visits a mitigated zone and shows signs of a liquidity sweep (via wick + close behavior), the indicator triggers visual sweep labels and optional alerts.
🧠 Optional Visual Enhancements:
• Highlight range-forming candles with light blue background (toggle on/off)
• Midpoint dotted line for symmetry analysis
• Labels for “Range High” and “Range Low” for visual clarity
• Dynamic box drawing that adapts upon mitigation or continuation
⚙️ Customizable Features:
• Choose between Normal and Fibonacci-based detection modes
• Toggle visibility of range boxes, extension lines, and sweep markers
• Configure sweep alerts, mitigation window size, and visual transparency
⸻
🧪 Use Cases
• Identify consolidation zones before major price moves
• Confirm liquidity sweeps for entry/exit traps
• Visualize and test mitigation behavior of past zones
• Combine with Order Flow or Volume Profile tools to enhance context
⸻
⚠️ This is a fully original implementation that goes beyond classical inside-bar scanners by incorporating mitigation, extension projection, and liquidity sweeps — making it a powerful tool for intraday, swing, and even Smart Money-based trading setups.
Consolidation Range with Signals (Zeiierman)█ Overview
Consolidation Range with Signals (Zeiierman) is a precision tool for identifying and trading market consolidation zones, where price contracts into tight ranges before significant movement. It provides dynamic range detection using either ADX-based trend strength or volatility compression metrics, and offers built-in take profit and stop loss signals based on breakout dynamics.
Whether you trade breakouts, range reversals, or trend continuation setups, this indicator visualizes the balance between supply and demand with clearly defined mid-bands, breakout zones, and momentum-sensitive TP/SL placements.
█ How It Works
⚪ Multi-Method Range Detection
ADX Mode
Uses the Average Directional Index (ADX) to detect low-trend-strength environments. When ADX is below your selected threshold, price is considered to be in consolidation.
Volatility Mode
This mode detects consolidation by identifying periods of volatility compression. It evaluates whether the following metrics are simultaneously below their respective historical rolling averages:
Standard Deviation
Variance
Average True Range (ATR)
⚪ Dynamic Range Band System
Once a range is confirmed, the system builds a dynamic band structure using a volatility-based filter and price-jump logic:
Middle Line (Trend Filter): Reacts to price imbalance using adaptive jump logic.
Upper & Lower Bands: Calculated by expanding from the middle line using a configurable multiplier.
This creates a clean, visual box that reflects current consolidation conditions and adapts as price fluctuates within or escapes the zone.
⚪ SL/TP Signal Engine
On detection of a breakout from the range, the indicator generates up to 3 Take Profit levels and one Stop Loss, based on the breakout direction:
All TP/SL levels are calculated using the filtered base range and multipliers.
Cooldown logic ensures signals are not spammed bar-to-bar.
Entries are visualized with colored lines and labeled levels.
This feature is ideal for traders who want automated risk and reward reference points for range breakout plays.
█ How to Use
⚪ Breakout Traders
Use the SL/TP signals when the price breaks above or below the range bands, especially after extended sideways movement. You can customize how far TP1, TP2, and TP3 sit from the entry using your own risk/reward profile.
⚪ Mean Reversion Traders
Use the bands to locate high-probability reversion zones. These serve as reference zones for scalping or fade entries within stable consolidation phases.
█ Settings
Range Detection Method – Choose between ADX or Volatility compression to define range criteria.
Range Period – Determines how many bars are used to compute trend/volatility.
Range Multiplier – Scales the width of the consolidation zone.
SL/TP System – Optional levels that project TP1/TP2/TP3 and SL from the base price using multipliers.
Cooldown – Prevents repeated SL/TP signals from triggering too frequently.
ADX Threshold & Smoothing – Adjusts sensitivity of trend strength detection.
StdDev / Variance / ATR Multipliers – Fine-tune compression detection logic.
-----------------
Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Price equilibrium between buyers and sellers [Soroush Rezaei]This indicator visualizes the dynamic balance between buyers and sellers using two simple moving averages (SMAs) based on the high and low prices.
The green line (SMA of highs) reflects the upper pressure zone, while the red line (SMA of lows) represents the lower support zone.
When price hovers between these two levels, it often signals a state of temporary equilibrium — a consolidation zone where buyers and sellers are relatively balanced.
Use this tool to:
Identify ranging or balanced market phases
Spot potential breakout or reversal zones
Enhance your multi-timeframe or price action strategy
Recommended for intraday and swing traders seeking visual clarity on market structure and momentum zones.
ScalpZone NQ 1M - Volume Signals with Highlight Box📊 ScalpZone NQ 1M - Volume Signals with Highlight Box
ScalpZone is a professional-grade indicator designed specifically for 1-minute scalping on Nasdaq Futures (NQ), focusing on high-volume price action zones. It automatically detects aggressive buying/selling activity based on volume spikes and visualizes potential entry zones with dynamic horizontal lines and price boxes.
🔍 Key Features:
Volume Spike Detection: Identifies high-volume candles using an adjustable EMA-based volume threshold.
Directional Volume Signals: Highlights candles with directional momentum (bullish or bearish) based on real-time volume dominance.
Scalp Zone Visualization:
Draws horizontal support/resistance lines at volume signal prices.
Renders price boxes around those levels to highlight actionable zones.
Zones automatically extend when respected by price, and disappear when invalidated.
Visual Candle Enhancement: Dynamically colors candles to reflect normalized volume intensity and direction.
Customizable Parameters:
Volume EMA & threshold multiplier
Line and box dimensions
Toggle zone visibility
🛠️ Use Case:
Perfect for scalpers and short-term traders looking to exploit volume-based reversals or breakout traps on the NQ 1-minute chart. Traders can use the visual cues to time entries, manage stops, or validate confluence with other tools (e.g., order flow, delta spikes, or footprint charts).
Adaptive Volume-Weighted RSI (AVW-RSI)Concept Summary
The AVW-RSI is a modified version of the Relative Strength Index (RSI), where each price change is weighted by the relative trading volume for that period. This means periods of high volume (typically driven by institutions or “big money”) have a greater influence on the RSI calculation than periods of low volume.
Why AVW-RSI Helps Traders
Avoids Weak Signals During Low Volume
Standard RSI may show overbought/oversold zones even during low-volume periods (e.g., during lunch hours or after news).
AVW-RSI gives less weight to these periods, avoiding misleading signals.
Amplifies Strong Momentum Moves
If RSI is rising during high volume, it's more likely driven by institutional buying—AVW-RSI reflects that stronger by weighting the RSI component.
Filters Out Retail Noise
By prioritizing high-volume candles, it naturally discounts fakeouts caused by thin markets or retail-heavy moves.
Highlights Institutional Entry/Exit
Useful for spotting hidden accumulation/distribution that classic RSI would miss.
How It Works (Calculation Logic)
Traditional RSI Formula Recap
RSI = 100 - (100 / (1 + RS))
RS = Average Gain / Average Loss (over N periods)
Modified Step – Apply Volume Weight
For each period
Gain_t = max(Close_t - Close_{t-1}, 0)
Loss_t = max(Close_{t-1} - Close_t, 0)
Weight_t = Volume_t / AvgVolume(N)
WeightedGain_t = Gain_t * Weight_t
WeightedLoss_t = Loss_t * Weight_t
Weighted RSI
AvgWeightedGain = SMA(WeightedGain, N)
AvgWeightedLoss = SMA(WeightedLoss, N)
RS = AvgWeightedGain / AvgWeightedLoss
AVW-RSI = 100 - (100 / (1 + RS))
Visual Features on Chart
Line Color Gradient
Color gets darker as volume weight increases, signaling stronger conviction.
Overbought/Oversold Zones
Traditional: 70/30
Suggested AVW-RSI zones: Use dynamic thresholds based on historical volatility (e.g., 80/20 for high-volume coins).
Volume Spike Flags
Mark RSI turning points that occurred during volume spikes with a special dot/symbol.
Trading Strategies with AVW-RSI
1. Weighted RSI Divergence
Regular RSI divergence becomes more powerful when volume is high.
AVW-RSI divergence with volume spike is a strong signal of reversal.
2. Trend Confirmation
RSI crossing above 50 during rising volume is a good entry signal.
RSI crossing below 50 with high volume is a strong exit or short trigger.
3. Breakout Validation
Price breaking resistance + AVW-RSI > 60 with volume = Confirmed breakout.
Price breaking but AVW-RSI < 50 or on low volume = Potential fakeout.
Example Use Case
Stock XYZ is approaching a resistance zone. A trader sees:
Standard RSI: 65 → suggests strength.
Volume is 3x the average.
AVW-RSI: 78 → signals strong momentum with institutional backing.
The trader enters confidently, knowing this isn't just low-volume hype.
Limitations / Tips
Works best on liquid assets (Forex majors, large-cap stocks, BTC/ETH).
Should be used alongside price action and volume analysis—not standalone.
Periods of extremely high volume (news events) might need smoothing to avoid spikes.
