Gamma + Fibonacci EMA Bands# Gamma + Fibonacci EMA Bands
## Overview
The Gamma + Fibonacci EMA Bands indicator combines two powerful analytical approaches: Gamma-weighted Exponential Moving Averages and Fibonacci sequence-based standard EMAs. This dual system creates a comprehensive "band" structure that helps identify trend direction, strength, and potential reversal zones with greater precision than single moving average systems.
## Features
- **Gamma-weighted EMAs**: Three customizable Gamma EMAs (fast-responding) with adjustable gamma parameters
- **Fibonacci Sequence EMAs**: Six standard EMAs based on the Fibonacci sequence (34, 55, 89, 144, 233, 377)
- **Visual Band Structure**: Color-coded for instant visual analysis
- **Trend Confirmation**: Multiple timeframe validation through varied moving average periods
- **Support/Resistance Identification**: Natural price reaction zones highlighted by EMA confluences
## How It Works
The indicator uses two complementary EMA systems:
1. **Gamma EMAs** (γ-EMAs) - These responsive moving averages use a direct gamma weighting factor (between 0-1) rather than a period length. Lower gamma values create smoother lines, while higher values create more responsive ones. These react quickly to price changes and serve as short-term trend indicators.
2. **Fibonacci EMAs** - These traditional EMAs use period lengths based on the Fibonacci sequence (34, 55, 89, 144, 233, 377). They provide longer-term trend context and naturally identify key support/resistance levels that align with market psychology.
## Interpretation
### Trend Direction
- When price is above all bands: Strong bullish trend
- When price is below all bands: Strong bearish trend
- When price is between bands: Consolidation or trend transition
### Support/Resistance
- Gamma EMAs (purple shades): Short-term dynamic support/resistance
- Fibonacci EMAs (orange/red shades): Stronger, longer-term support/resistance
### Trend Strength
- Wider band separation: Stronger trend momentum
- Compressed bands: Consolidation or trend weakness
### Reversal Signals
- Price breaking through multiple bands: Potential trend reversal
- Gamma EMAs crossing Fibonacci EMAs: Changing momentum
## Settings
- **Source**: Price data source (default: close)
- **Gamma 1**: Fast γ-EMA value (default: 0.2)
- **Gamma 2**: Medium γ-EMA value (default: 0.5)
- **Gamma 3**: Slow γ-EMA value (default: 0.8)
## Notes
This indicator works best on higher timeframes (1H+) and liquid markets. The Gamma-weighted EMAs provide faster signals while the Fibonacci sequence EMAs provide reliable support/resistance levels that often align with key market turning points.
For optimal use, watch for price interaction with these bands and how the bands interact with each other to confirm trend changes before they become obvious to the majority of market participants.
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Darvas Box Breakout Signals v6 (Manus)Purpose:
This script is designed for TradingView to automatically identify potential "Darvas Boxes" on your price chart and signal when the price breaks out of these boxes.
How it Works:
Finds Highs: It looks back over a set number of bars (default is 20, but you can change this) to find the highest price point.
Confirms Box Top: It waits until the price stays below that high point for a specific number of bars (default is 3) to confirm the top of the box.
Confirms Box Bottom: After the top is confirmed, it looks for the lowest price reached and waits until the price stays above that low point for the same number of bars (3) to confirm the bottom of the box.
Draws Box (Optional): If enabled in the settings, it draws lines on the chart representing the top and bottom of the confirmed box.
What Signals It Shows:
Breakout Signal: When the price closes above the top line of a confirmed box, it plots a green upward-pointing triangle above that price bar. This suggests the stock might be starting a move higher.
Breakdown Signal: When the price closes below the bottom line of a confirmed box, it plots a red downward-pointing triangle below that price bar. This suggests the stock might be starting a move lower.
Key Features:
Uses the Darvas Box theory logic.
Provides clear visual signals for potential entries based on breakouts or breakdowns.
Allows customization of the lookback period and confirmation bars via the indicator settings.
Written in Pine Script version 6.
Remember, this script just provides signals based on price patterns; it doesn't predict the future or guarantee profits. It should be used as one tool within the larger trading plan we discussed, especially considering risk management.
Directional Movement Index (DMI) + AlertsThis is a Study with associated visual indicators and Bullish/Bearish Alerts for Directional Movement (DMI). It consists of an Average Directional Index (ADX), Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI).
Published by J. Welles Wilder in 1978 for use with currencies and commodities which are typically more volatile than stocks and have stronger trends.
Development Notes
---------------------------
This indicator, and most of the descriptions below, were derived largely from the TradingView reference manual. Feedback and suggestions for improvement are more than welcome, as well are recommended Input settings and best practices for use.
tradingview.com/chart/?solution=43000502250
Strategy Description
---------------------------
ADX defines whether or not there is a trend present; +DI and -DI compliment the ADX by taking direction into account. An ADX above 25 indicates a strong trend, and a Bullish alert is subsequently triggered when +DI is above -DI and a Bearish alert when -DI is above +DI.
Note that the Bullish or Bearish crossover alert will only trigger if ADX is simultaneously above 25 during the crossover event. If ADX later rises to 25 and +DI is still greater than -DI, or -DI greater than +DI, then a delayed alert will not trigger by design.
Basic Use
---------------------------
Acceptable DMI values are up to the trader's interpretation and may change depending on the financial instrument being examined. Recommend not changing any default values without being first familiar with their purpose and impact on the indicator at large.
Confidence in price action and trend is higher when two or more indicators are in agreement -- therefore we recommend not using this indicator by itself to determine entry or exit trade opportunities.
Recommend also choosing 'Once Per Bar Close' when creating alerts.
Inputs
---------------------------
ADX Smoothing - the time period to be used in calculating the ADX which has a smoothing component (14 is the Default).
DI Length - the time period to be used in calculating the DI (14 is the Default).
Key Level - any trade with the ADX above the key level is a strong indicator that it is trending (23 to 25 is the suggested setting).
Sensitivity - an incremental variable to test whether the past n candles are in the same bullish or bearish state before triggering a delayed crossover alert (3 is the Default). Filter out some noise and reduces active alerts.
Show ADX Option - two visual styles are provided for user preference, a visible ADX line or a background overlay (green or red when ADX is above the key level, for bullish or bearish, and gray when below).
Color Candles - an option to transpose the bullish and bearish crossovers to the main candle bars. Can be turned off in the Style Tab by deselecting 'Bar Colors'. Dark blue is bullish, dark purple is bearish, and the black inner color is neutral. Note that the outer red and green border will still be distinguished by whether each individual candle is bearish or bullish during the specified timeframe.
Indicator Visuals
---------------------------
Bullish or Bearish plot based on DMI strategy (ADX and +/-DI values).
Visual cues are intended to improve analysis and decrease interpretation time during trading, as well as to aid in understanding the purpose of this study and how its inclusion can benefit a comprehensive trading strategy.
Trend Strength
---------------------------
To analyze trend strength, the focus should be on the ADX line and not the +DI or -DI lines. An ADX reading above 25 indicates a strong trend, while a reading below 20 indicates a weak or non-existent trend. A reading between those two values would be considered indeterminable. Though what is truly a strong trend or a weak trend depends on the financial instrument being examined; historical analysis can assist in determining appropriate values.
Bullish DI Cross
---------------------------
1. ADX must be over 25 (strong trend) (value is determined by the trader)
2. +DI cross above -DI
3. Set Stop Loss at the current day's low (any +DI cross-backs below -DI should be ignored)
4. Set trailing stop if ADX strengthens (i.e., signal rises)
Bearish DI Cross
---------------------------
1. ADX must be over 25 (strong trend) (value is determined by the trader)
2. -DI cross above +DI
3. Set Stop Loss at the current day's high (any -DI cross-backs below +DI should be ignored)
4. Set trailing stop if ADX strengthens (i.e., signal rises)
Disclaimer
---------------------------
This post and the script are not intended to provide any financial advice. Trade at your own risk.
No known repainting.
Version 1.1
-------------------------
- Added multi-timeframe resolution using PineCoders secure security function to eliminate repainting.
- Cleaned up option for selecting ADX view; and added a colored line as a choice, based on same bullish, bearish, or neutral colors as the background.
- Added exit crossover indicator to aid in an overall strategy development. This ability pairs better with my CHOP Zone Entry Strategy which relies on DMI Exits. Note that exit conditions don't employ the sensitivity variable. Green labels are for Bullish exits and red are for Bearish.
-- Exit condition is triggered if in an active Bullish or Bearish position and ADX drops below 25, Or if either the -DI crosses above +DI (for previously Bullish) or +DI crosses above -DI (for previously Bearish).
- Added reverse position determination. Triggers when a Bullish entry occurs on the same candle as a Bearish exit, or vice versa. Green labels are for Bullish reverses and red are for Bearish.
- Added selectable option to choose visible labels -- Bearish, Bullish, Both, Exits, Reverses, or All.
-- Note that a reverse label will only show if the opposing entry and exit labels are set to show, otherwise the reverse will revert to the appropriate entry or exit on the chart.
- Added alerts to account for new conditions.
-- Note that alerts for crossovers, exits, and reverses will only be triggered if the associated labels are selected to be shown (i.e., what you choose to see on the chart is what you will be alerted to).
Version 1.2
-------------------------
- Changed exit condition to be decided on by whether ADX is below 25 and on a +/-DI crossover. Versus being either or. The previous version had too many false triggers. This variety can now show multiple Bullish or Bearish alerts before an Exit condition too. I'm tempted to simply make this condition based on ADX, and not DI … thoughts? See lines 138 and 139.
- Updated the Background view to have deeper shades of colors dependent upon the ADX trend strength.
- Added an Oscillator view for the ADX and momentum computations to color the histogram by trend. DI lines are hidden.
-- If ADX is Bullish, then the oscillator is colored light green in an uptrend and dark green in a downtrend; if Bearish, then its light red in an uptrend and dark redin a downtrend; if adx is below key level, then it is light gray in a downtrend and dark grey in the uptrend.
- Added option to Hide ADX in case only the Directional lines are desired. This could be useful if you would like to have the ADX oscillator in one panel and +/-DI crossovers in another.
- Added a Columnar view for the ADX. DI lines are hidden. This view is really simple and compact, with the trend strength still easily understood. Colors are the same as for the oscillator -- the deeper the shade of green or red, then the higher the ADX trend strength level.
- Added a Trend Strength label.
ADX Trend Strength Trade (Y/N) Setup Types
0 to 10 = Barely Breathing N N/A
10 to 20 = Weak Trend Y Range/Pre-Breakout
20 to 30 = Potentially Starting to Trend Y Early Stage Trend
30 to 50 = Strong Trend Y Ride the Wave
50 to 75 = Very Strong Trend N Exhaustion
75 to 100 = Extremely Strong Trend N N/A
Version 1.3
-------------------------
Updated to Pine Script v5 to resolve errors from the deprecated v4 version.
This is a reissue of a previously published script that was hidden due to a v4 compatibility issue.
'https://www.tradingview.com/script/9OoEHrv5-Directional-Movement-Index-DMI-Alerts/'
Time-Based Fair Value Gaps (FVG) with Inversions (iFVG)Overview
The Time-Based Fair Value Gaps (FVG) with Inversions (iFVG) (ICT/SMT) indicator is a specialized tool designed for traders using Inner Circle Trader (ICT) methodologies. Inspired by LuxAlgo's Fair Value Gap indicator, this script introduces significant enhancements by integrating ICT principles, focusing on precise time-based FVG detection, inversion tracking, and retest signals tailored for institutional trading strategies. Unlike LuxAlgo’s general FVG approach, this indicator filters FVGs within customizable 10-minute windows aligned with ICT’s macro timeframes and incorporates ICT-specific concepts like mitigation, liquidity grabs, and session-based gap prioritization.
This tool is optimized for 1–5 minute charts, though probably best for 1 minute charts, identifying bullish and bearish FVGs, tracking their mitigation into inverted FVGs (iFVGs) as key support/resistance zones, and generating retest signals with customizable “Close” or “Wick” confirmation. Features like ATR-based filtering, optional FVG labels, mitigation removal, and session-specific FVG detection (e.g., first FVG in AM/PM sessions) make it a powerful tool for ICT traders.
Originality and Improvements
While inspired by LuxAlgo’s FVG indicator (credit to LuxAlgo for their foundational work), this script significantly extends the original concept by:
1. Time-Based FVG Detection: Unlike LuxAlgo’s continuous FVG identification, this script filters FVGs within user-defined 10-minute windows each hour (:00–:10, :10–:20, etc.), aligning with ICT’s emphasis on specific periods of institutional activity, such as hourly opens/closes or kill zones (e.g., New York 7:00–11:00 AM EST). This ensures FVGs are relevant to high-probability ICT setups.
2. Session-Specific First FVG Option: A unique feature allows traders to display only the first FVG in ICT-defined AM (9:30–10:00 AM EST) or PM (1:30–2:00 PM EST) sessions, reflecting ICT’s focus on initial market imbalances during key liquidity events.
3. ICT-Driven Mitigation and Inversion Logic: The script tracks FVG mitigation (when price closes through a gap) and converts mitigated FVGs into iFVGs, which serve as ICT-style support/resistance zones. This aligns with ICT’s view that mitigated gaps become critical reversal points, unlike LuxAlgo’s simpler gap display.
4. Customizable Retest Signals: Retest signals for iFVGs are configurable for “Close” (conservative, requiring candle body confirmation) or “Wick” (faster, using highs/lows), catering to ICT traders’ need for precise entry timing during liquidity grabs or Judas swings.
5. ATR Filtering and Mitigation Removal: An optional ATR filter ensures only significant FVGs are displayed, reducing noise, while mitigation removal declutters the chart by removing filled gaps, aligning with ICT’s principle that mitigated gaps lose relevance unless inverted.
6. Timezone and Timeframe Safeguards: A timezone offset setting aligns FVG detection with EST for ICT’s New York-centric strategies, and a timeframe warning alerts users to avoid ≥1-hour charts, ensuring accuracy in time-based filtering.
These enhancements make the script a distinct tool that builds on LuxAlgo’s foundation while offering ICT traders a tailored, high-precision solution.
How It Works
FVG Detection
FVGs are identified when a candle’s low is higher than the high of two candles prior (bullish FVG) or a candle’s high is lower than the low of two candles prior (bearish FVG). Detection is restricted to:
• User-selected 10-minute windows (e.g., :00–:10, :50–:60) to capture ICT-relevant periods like hourly transitions.
• AM/PM session first FVGs (if enabled), focusing on 9:30–10:00 AM or 1:30–2:00 PM EST for key market opens.
An optional ATR filter (default: 0.25× ATR) ensures only gaps larger than the threshold are displayed, prioritizing significant imbalances.
Mitigation and Inversion
When price closes through an FVG (e.g., below a bullish FVG’s bottom), the FVG is mitigated and becomes an iFVG, plotted as a support/resistance zone. iFVGs are critical in ICT for identifying reversal points where institutional orders accumulate.
Retest Signals
The script generates signals when price retests an iFVG:
• Close: Triggers when the candle body confirms the retest (conservative, lower noise).
• Wick: Triggers when the candle’s high/low touches the iFVG (faster, higher sensitivity). Signals are visualized with triangular markers (▲ for bullish, ▼ for bearish) and can trigger alerts.
Visualization
• FVGs: Displayed as colored boxes (green for bullish, red for bearish) with optional “Bull FVG”/“Bear FVG” labels.
• iFVGs: Shown as extended boxes with dashed midlines, limited to the user-defined number of recent zones (default: 5).
• Mitigation Removal: Mitigated FVGs/iFVGs are removed (if enabled) to keep the chart clean.
How to Use
Recommended Settings
• Timeframe: Use 1–5 minute charts for precision, avoiding ≥1-hour timeframes (a warning label appears if misconfigured).
• Time Windows: Enable :00–:10 and :50–:60 for hourly open/close FVGs, or use the “Show only 1st presented FVG” option for AM/PM session focus.
• ATR Filter: Keep enabled (multiplier 0.25–0.5) for significant gaps; disable on 1-minute charts for more FVGs during volatility.
• Signal Preference: Use “Close” for conservative entries, “Wick” for aggressive setups.
• Timezone Offset: Set to -5 for EST (or -4 for EDT) to align with ICT’s New York session.
Trading Strategy
1. Macro Timeframes: Focus on New York (7:00–11:00 AM EST) or London (2:00–5:00 AM EST) kill zones for high institutional activity.
2. FVG Entries: Trade bullish FVGs as support in uptrends or bearish FVGs as resistance in downtrends, especially in :00–:10 or :50–:60 windows.
3. iFVG Retests: Enter on retest signals (▲/▼) during liquidity grabs or Judas swings, using “Close” for confirmation or “Wick” for speed.
4. Session FVGs: Use the “Show only 1st presented FVG” option to target the first gap in AM/PM sessions, often tied to ICT’s market maker algorithms.
5. Risk Management: Combine with ICT concepts like order blocks or breaker blocks for confluence, and set stops beyond FVG/iFVG boundaries.
Alerts
Set alerts for:
• “Bullish FVG Detected”/“Bearish FVG Detected”: New FVGs in selected windows.
• “Bullish Signal”/“Bearish Signal”: iFVG retest confirmations.
Settings Description
• Show Last (1–100, default: 5): Number of recent iFVGs to display. Lower values reduce clutter.
• Show only 1st presented FVG : Limits FVGs to the first in 9:30–10:00 AM or 1:30–2:00 PM EST sessions (overrides time window checkboxes).
• Time Window Checkboxes: Enable/disable FVG detection in 10-minute windows (:00–:10, :10–:20, etc.). All enabled by default.
• Signal Preference: “Close” (default) or “Wick” for iFVG retest signals.
• Use ATR Filter: Enables ATR-based size filtering (default: true).
• ATR Multiplier (0–∞, default: 0.25): Sets FVG size threshold (higher values = larger gaps).
• Remove Mitigated FVGs: Removes filled FVGs/iFVGs (default: true).
• Show FVG Labels: Displays “Bull FVG”/“Bear FVG” labels (default: true).
• Timezone Offset (-12 to 12, default: -5): Aligns time windows with EST.
• Colors: Customize bullish (green), bearish (red), and midline (gray) colors.
Why Use This Indicator?
This indicator empowers ICT traders with a tool that goes beyond generic FVG detection, offering precise, time-filtered gaps and inversion tracking aligned with institutional trading principles. By focusing on ICT’s macro timeframes, session-specific imbalances, and customizable signal logic, it provides a clear edge for scalping, swing trading, or reversal setups in high-liquidity markets.
Best SMA FinderThis script, Best SMA Finder, is a tool designed to identify the most robust simple moving average (SMA) length for a given chart, based on historical backtest performance. It evaluates hundreds of SMA values (from 10 to 1000) and selects the one that provides the best balance between profitability, consistency, and trade frequency.
What it does:
The script performs individual backtests for each SMA length using either "Long Only" or "Buy & Sell" logic, as selected by the user. For each tested SMA, it computes:
- Total number of trades
- Profit Factor (total profits / total losses)
- Win Rate
- A composite Robustness Score, which integrates Profit Factor, number of trades (log-scaled), and win rate.
Only SMA configurations that meet the user-defined minimum trade count are considered valid. Among all valid candidates, the script selects the SMA length with the highest robustness score and plots it on the chart.
How to use it:
- Choose the strategy type: "Long Only" or "Buy & Sell"
- Set the minimum trade count to filter out statistically irrelevant results
- Enable or disable the summary stats table (default: enabled)
The selected optimal SMA is plotted on the chart in blue. The optional table in the top-right corner shows the corresponding SMA length, trade count, Profit Factor, Win Rate, and Robustness Score for transparency.
Key Features:
- Exhaustive SMA optimization across 991 values
- Customizable trade direction and minimum trade filters
- In-chart visualization of results via table and plotted optimal SMA
- Uses a custom robustness formula to rank SMA lengths
Use cases:
Ideal for traders who want to backtest and auto-select a historically effective SMA without manual trial-and-error. Useful for swing and trend-following strategies across different timeframes.
📌 Limitations:
- Not a full trading strategy with position sizing or stop-loss logic
- Only one entry per direction at a time is allowed
- Designed for exploration and optimization, not as a ready-to-trade system
This script is open-source and built entirely from original code and logic. It does not replicate any closed-source script or reuse significant external open-source components.
Triangle Breakout Strategy with TP/SL, EMA Filter📌 Triangle Breakout Strategy with TP/SL, EMA Filters, and Backtest – Explained.
✅ 1. Pattern Detection – Triangle Breakout
The script scans for triangle patterns by detecting local pivot highs and pivot lows.
It uses two recent highs and two recent lows to draw converging trendlines (upper and lower boundaries of the triangle).
If the price breaks above the upper trendline, a bullish breakout signal is generated.
🎯 2. TP (Take Profit) & SL (Stop Loss)
When a bullish breakout is detected:
A buy order is placed using strategy.entry.
TP and SL levels are calculated relative to the current close price:
TP = 3% above the entry price
SL = 1.5% below the entry price
These are defined using strategy.exit.
📊 3. EMA Filter
An optional filter checks if:
Price is above both EMA 20 and EMA 50
Only if this condition is met, the strategy allows a long entry.
You can toggle the filter on or off with useEMAFilter.
📈 4. Backtesting with Strategy Tester
This script uses strategy() instead of indicator() to enable TradingView’s built-in backtest engine.
Every buy entry and exit (based on TP or SL) is recorded.
📌 5. Visuals
EMA 20 and EMA 50 lines are plotted on the chart.
A label is shown when a breakout is detected: "Breakout Up"
Results (profit, win rate, drawdown, etc.) can be viewed in the Strategy Tester panel.
Price-Confirmed Hull Moving AverageThis is a modified HULL moving average that adds some enhancements providing visual clues as to a change in trend direction. The user can add slight modifications to the abruptness of trend change indications, which are clearly seen by the color change of the hull line itself. The user can also choose to have the background color change for easier visual indication that the hull line has changed slope direction. In addition, the user can either have both the line and the background visuals on, or turn one or the other (or both) off.
The purpose of this HULL moving average is to provide easy identification of trend direction within the scope of the moving average values provided in settings.
ORB Advanced Cloud Indicator & FIB's by TenAMTraderSummary: ORB Advanced Cloud Indicator with Alerts and Fibonacci Retracement Targets by TenAMTrader
This TradingView script is an advanced version of the Opening Range Breakout (ORB) indicator, enhanced with visual clouds and Fibonacci retracement/extension levels. It is designed to help traders identify key price levels and track price movements relative to those levels throughout the trading day. The script includes alert functionalities to notify traders when price crosses key levels and when Fibonacci levels are reached, which can serve as potential entry and exit targets.
Key Features:
Primary and Secondary Range Calculation:
The indicator calculates the primary range (defined by a start and end time) and optionally, a secondary range.
The primary range includes the highest and lowest prices during the designated time period, as well as the midpoint of this range.
The secondary range (if enabled) tracks another price range during a second time period, with its own high, low, and midpoint.
Visual Clouds:
The script draws colored clouds between the high, midpoint, and low of the opening range.
The upper cloud spans between the Opening High and Midpoint, while the lower cloud spans between the Midpoint and Opening Low.
Similarly, a second set of clouds can be drawn for the secondary range (if enabled).
Fibonacci Levels:
The script calculates Fibonacci retracement and extension levels based on the primary range (the difference between the Opening High and Opening Low).
Fibonacci levels can be used as entry and exit targets in a trading strategy, as these levels often act as potential support/resistance zones.
Fibonacci levels include standard values like -0.236, -0.382, -0.618, and positive extensions like 1.236, 1.618, etc.
Customizable Alerts:
Alerts can be set to trigger when:
The price crosses above the Opening High.
The price crosses below the Opening Low.
The price crosses the Opening Midpoint.
These alerts can help traders act quickly on important price movements relative to the opening range.
Customization Options:
The indicator allows users to adjust the time settings for both the primary and secondary ranges.
Custom colors can be set for the lines, clouds, and Fibonacci levels.
The visibility of each line and cloud can be toggled on or off, giving users flexibility in how the chart is displayed.
Fibonacci Levels Overview:
The script includes several Fibonacci retracement and extension levels:
Negative Retracements (e.g., -0.236, -0.382, -0.50, -0.618, etc.) are plotted below the Opening Low, and can act as potential support levels in a downtrend.
Positive Extensions (e.g., 1.236, 1.382, 1.618, 2.0, etc.) are plotted above the Opening High, and can act as potential resistance levels in an uptrend.
Fib levels can be used as entry and exit targets to capitalize on price reversals or breakouts.
Safety Warning:
This script is for educational and informational purposes only and is not intended as financial advice. While it provides valuable technical information about price ranges and Fibonacci levels, trading always involves risk. Users are encouraged to:
Paper trade or use a demo account before applying this indicator with real capital.
Use proper risk management strategies, including stop-loss orders, to protect against unexpected market movements.
Understand that no trading strategy, indicator, or tool can guarantee profits, and losses can occur.
Important: The creator, TenAMTrader, and TradingView are not responsible for any financial losses resulting from the use of this script. Always trade responsibly, and ensure you fully understand the risks involved in any trading strategy.
Fibonacci + TP/SL Strategy [Backtest]✅ Key Features Added and Adjusted:
Fibonacci Retracement Levels:
Automatically calculated based on the last 100 bars' high/low
Plotted levels: 0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%
Extension targets: 161.8%, 261.8%, 423.6%
Buy/Sell Signal Logic:
Buy: Price is between 78.6% and 38.2% levels
Sell: Price is between 61.8% and 23.6% levels
Both depend on a can_trade time filter to avoid overtrading
ATR-based Stop-Loss:
Stop-loss dynamically adapts to market volatility:
SL = Entry - ATR * 1.5 (long)
SL = Entry + ATR * 1.5 (short)
Fixed Take-Profit:
Configurable via input: default is 4%
Can be changed in TradingView UI
Golden/Death Cross Indicator (Visual Only):
EMA 50 crossing EMA 200 plotted on chart:
Golden Cross = Buy signal (green triangle)
Death Cross = Sell signal (red triangle)
Weekly Profit Cap:
Prevents new trades if weekly profit exceeds 15%
Resets at the start of every week
Visual Elements:
All Fibonacci levels are plotted
Buy/Sell signals are labeled on the chart (BUY, SELL)
Multiple (12) Strong Buy/Sell Signals + Momentum
Indicator Manual: "Multiple (12) Strong Buy/Sell Signals + Momentum"
This indicator is designed to identify strong buy and sell signals based on 12 configurable conditions, which include a variety of technical analysis methods such as trend-following indicators, pattern recognition, volume analysis, and momentum oscillators. It allows for customizable alerts and visual cues on the chart. The indicator helps traders spot potential entry and exit points by displaying buy and sell signals based on the selected conditions.
Key Observations:
• The script integrates multiple indicators and pattern recognition methods to provide comprehensive buy/sell signals.
• Trend-based indicators like EMAs and MACD are combined with pattern recognition (flags, triangles) and momentum-based signals (RSI, ADX, and volume analysis).
• User customization is a core feature, allowing adjustments to the conditions and thresholds for more tailored signals.
• The script is designed to be responsive to market conditions, with multiple conditions filtering out noise to generate reliable signals.
________________________________________
Key Features:
1. 12 Combined Buy/Sell Signal Conditions: This indicator incorporates a diverse set of conditions based on trend analysis, momentum, and price patterns.
2. Minimum Conditions Input: You can adjust the threshold of conditions that need to be met for the buy/sell signals to appear.
3. Alert Customization: Set alert thresholds for both buy and sell signals.
4. Dynamic Visualization: Buy and sell signals are shown as triangles on the chart, with momentum signals highlighted as circles.
________________________________________
Detailed Description of the 12 Conditions:
1. Exponential Moving Averages (EMA):
o Conditions: The indicator uses EMAs with periods 3, 8, and 13 for quick trend-following signals.
o Bullish Signal: EMA3 > EMA8 > EMA13 (Bullish stack).
o Bearish Signal: EMA3 < EMA8 < EMA13 (Bearish stack).
o Reversal Signal: The crossing over or under of these EMAs can signify trend reversals.
2. MACD (Moving Average Convergence Divergence):
o Fast MACD (2, 7, 3) is used to confirm trends quickly.
o Bullish Signal: When the MACD line crosses above the signal line.
o Bearish Signal: When the MACD line crosses below the signal line.
3. Donchian Channel:
o Tracks the highest high and lowest low over a given period (default 20).
o Breakout Signal: Price breaking above the upper band is bullish; breaking below the lower band is bearish.
4. VWAP (Volume-Weighted Average Price):
o Above VWAP: Bullish condition (price above VWAP).
o Below VWAP: Bearish condition (price below VWAP).
5. EMA Stacking & Reversal:
o Tracks the order of EMAs (3, 8, 13) to confirm strong trends and reversals.
o Bullish Reversal: EMA3 < EMA8 < EMA13 followed by a crossing to bullish.
o Bearish Reversal: EMA3 > EMA8 > EMA13 followed by a crossing to bearish.
6. Bull/Bear Flags:
o Bull Flag: Characterized by a strong price movement (flagpole) followed by a pullback and breakout.
o Bear Flag: Similar to Bull Flag but in the opposite direction.
7. Triangle Patterns (Ascending and Descending):
o Detects ascending and descending triangles using pivot highs and lows.
o Ascending Triangle: Higher lows and flat resistance.
o Descending Triangle: Lower highs and flat support.
8. Volume Sensitivity:
o Identifies price moves with significant volume increases.
o High Volume: When current volume is significantly above the moving average volume (set to 1.2x of the average).
9. Momentum Indicators:
o RSI (Relative Strength Index): Confirms overbought and oversold levels with thresholds set at 65 (overbought) and 35 (oversold).
o ADX (Average Directional Index): Confirms strong trends when ADX > 28.
o Momentum Up: Momentum is upward with strong volume and bullish RSI/ADX conditions.
o Momentum Down: Momentum is downward with strong volume and bearish RSI/ADX conditions.
10. Bollinger & Keltner Squeeze:
o Squeeze Condition: A contraction in both Bollinger Bands and Keltner Channels indicates low volatility, signaling a potential breakout.
o Squeeze Breakout: Price breaking above or below the squeeze bands.
11. 3 Consecutive Candles Condition:
o Bullish: Price rises for three consecutive candles with higher highs and lows.
o Bearish: Price falls for three consecutive candles with lower highs and lows.
12. Williams %R and Stochastic RSI:
o Williams %R: A momentum oscillator with signals when the line crosses certain levels.
o Stochastic RSI: Provides overbought/oversold levels with smoother signals.
o Combined Signals: You can choose whether to require both WPR and StochRSI to signal a buy/sell.
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User Inputs (Inputs Tab):
1. Minimum Conditions for Buy/Sell:
o min_conditions: Number of conditions required to trigger a buy/sell signal on the chart (1 to 12).
o Alert_min_conditions: User-defined alert threshold (how many conditions must be met before an alert is triggered).
2. Donchian Channel Settings:
o Show Donchian: Toggle visibility of the Donchian channel.
o Donchian Length: The length of the Donchian Channel (default 20).
3. Bull/Bear Flag Settings:
o Bull Flag Flagpole Strength: ATR multiplier to define the strength of the flagpole.
o Bull Flag Pullback Length: Length of pullback for the bull flag pattern.
o Bull Flag EMA Length: EMA length used to confirm trend during bull flag pattern.
Similar settings exist for Bear Flag patterns.
4. Momentum Indicators:
o RSI Length: Period for calculating the RSI (default 9).
o RSI Overbought: Overbought threshold for the RSI (default 65).
o RSI Oversold: Oversold threshold for the RSI (default 35).
5. Bollinger/Keltner Squeeze Settings:
o Squeeze Width Threshold: The maximum width of the Bollinger and Keltner Bands for squeeze conditions.
6. Stochastic RSI Settings:
o Stochastic RSI Length: The period for calculating the Stochastic RSI.
7. WPR Settings:
o WPR Length: Period for calculating Williams %R (default 14).
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User Inputs (Style Tab):
1. Signal Plotting:
o Control the display and colors of the buy/sell signals, momentum indicators, and pattern signals on the chart.
o Buy/Sell Signals: Can be customized with different colors and shapes (triangle up for buys, triangle down for sells).
o Momentum Signals: Custom circle placement for momentum-up or momentum-down signals.
2. Donchian Channel:
o Show Donchian: Toggle visibility of the Donchian upper, lower, and middle bands.
o Band Colors: Choose the color for each band (upper, lower, middle).
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How to Use the Indicator:
1. Adjust Minimum Conditions: Set the minimum number of conditions that must be met for a signal to appear. For example, set it to 5 if you want only stronger signals.
2. Set Alert Threshold: Define the number of conditions needed to trigger an alert. This can be different from the minimum conditions for visual signals.
3. Customize Appearance: Modify the colors and styles of the signals to match your preferences.
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Conclusion:
This comprehensive trading indicator uses a combination of trend-following, pattern recognition, and momentum-based conditions to help you spot potential buy and sell opportunities. By adjusting the input settings, you can fine-tune it to match your specific trading strategy, making it a versatile tool for different market conditions.
Signal Reliability Based on Condition Count
The reliability of the buy/sell signals increases as more conditions are met. Here's a breakdown of the probabilities:
1. 1-3 Conditions Met: Lower Probability
o Signals that meet only 1-3 conditions tend to have lower reliability and are considered less probable. These signals may represent false positives or weaker market movements, and traders should approach them with caution.
2. 4 Conditions Met: More Reliable Signal
o When 4 conditions are met, the signal becomes more reliable. This indicates that multiple indicators or market patterns are aligning, increasing the likelihood of a valid buy/sell opportunity. While not foolproof, it's a stronger indication that the market may be moving in a particular direction.
3. 5-6 Conditions Met: Strong Signal
o A signal meeting 5-6 conditions is considered a strong signal. This indicates a well-confirmed move, with several technical indicators and market factors aligning to suggest a higher probability of success. These are the signals that traders often prioritize.
4. 7+ Conditions Met: Rare and High-Confidence Signal
o Signals that meet 7 or more conditions are rare and should be considered high-confidence signals. These represent a significant alignment of multiple factors, and while they are less frequent, they are highly reliable when they do occur. Traders can be more confident in acting on these signals, but they should still monitor market conditions for confirmation.
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You can adjust the number of conditions as needed, but this breakdown should give a clear structure on how the signal strength correlates with the number of conditions met!
Z-Score Trend Monitor [EdgeTerminal]The Z-Score Trend Monitor measures how far the short-term moving average deviates from the long-term moving average using the spread difference of the two — in standardized units. It’s designed to detect overextension, momentum exhaustion, and potential mean-reversion points by converting the spread between two moving averages into a normalized Z-score and tracking its change and direction over time.
The idea behind this is to catch the changes in the direction of a trend earlier than the usual and lagging moving average lines, allowing you to react faster.
The math behind the indicator itself is very simple. We take the simple moving average of the spread between a long term and short term moving average, and divide it by the difference between the spread and spread mean.
This results in a relatively accurate and early acting trend detector that can easily identify overbought and oversold levels in any timeframe. From our own testing, we recommend using this indicator as a trend confirmation tool.
How to Use It:
Keep an eye on the Z-Score or the blue line. When it goes over 2, it indicates an overbought or near top level, and when it goes below -2, it indicates an oversold or near bottom.
When Z-Score returns to zero or grey line, it suggests mean reversion is in progress.
You can also change the Z-Score criteria from 2 and -2 in the settings to any number you’d like for tighter or wider levels.
For scalping and fast trading setups, we recommend shorter SMAs, such as 5 and 20, and for longer trading setups such as swing trades, we recommend 20 and 100.
Settings:
Short SMA: Lookback period of short term simple moving average for the lower side of the SMA spread.
Short Term Weight: Additional weight or multiplier to suppress the short term SMA calculation. This is used to refine the SMA calculation for more granular and edge cases when needed, usually left at 1, meaning it will take the entire given value in the short SMA field.
Long SMA: Lookback period of long term simple moving average for the upper side of the SMA spread.
Long Term Weight: Additional weight or multiplier to suppress the long term SMA calculation. This is used to refine the long SMA calculation for more granular and edge cases when needed, usually left at 1, meaning it will take the entire given value in the long SMA field.
Z-Score Threshold: The threshold for upper (oversold) and lower (overbought) levels. This can also be set individually from the style page.
Z-Score Lookback Window: The lookback period to calculate spread mean and spread standard deviation
Half Supertrend [NLR]While the Supertrend is a popular tool, traders often face the challenge of false signals and uncertain entry points. The Half Supertrend indicator addresses these shortcomings by introducing a dynamic mid-level , offering a significantly improved way to identify true trend strength and potential high-probability entries.
Here's how the mid-level enhances your trend analysis:
Filter Out Noise: Instead of reacting to every Supertrend flip, the mid-level helps you identify the strength of the trend. Price moving strongly away from the mid-level confirms a higher conviction move.
Identify Optimal Pullback Entries: Waiting for price to pull back to the dynamic mid-level after a Supertrend direction change can provide better entry prices and potentially higher probability setups, capitalizing on established momentum. This approach helps avoid entering prematurely on weaker signals.
Gain Deeper Trend Insight: The position of the price relative to both the Supertrend line and the mid-level paints a clearer picture of the current trend's strength and potential for continuation or reversal.
Here's the technical edge you've been waiting for:
Enhanced Trend Confirmation: This indicator plots a mid-level derived from half the Average True Range (ATR) multiple, acting as a crucial intermediary for assessing trend strength.
Intra-Trend Strength Analysis:
Price above/below the mid-level: Indicates a strong trending move aligned with the Supertrend direction.
Price between the mid-level and the Supertrend line: Suggests a weaker trend and a higher probability of consolidation or reversal.
Early Reversal Detection: Price crossing the mid-level can serve as an early warning signal of a potential trend change.
Higher Timeframe Clarity: The user-configurable higher timeframe (HTF) input provides a robust, multi-timeframe trend bias.
Dynamic Entry Levels: Potential entry levels based on the mid-level are plotted for visual guidance.
Clear Visual Representation: Color-coded lines and filled areas simplify trend and strength assessment.
How it works under the hood:
This indicator utilizes the standard Supertrend calculation on the chosen higher timeframe, incorporating the Average True Range (ATR) to determine volatility-adjusted bands. The unique addition is the "half trend" line, calculated by adding or subtracting half of the ATR-based trailing stop value from the Supertrend line. This mid-level acts as a crucial intermediary zone for evaluating the conviction of the current trend.
// Calculate the mid-level line
half_line = supertrend + (atr * half_factor)
Key Input Parameters:
ATR Length: Determines the period for calculating the Average True Range (default: 10).
Factor: The multiplier applied to the ATR to determine the Supertrend band width (default: 3). The mid-level dynamically adjusts based on half of this factor.
Timeframe: Allows you to select a higher timeframe for the Supertrend calculation, providing a broader trend context.
Up Color/Down Color: Customize the colors for uptrend and downtrend indications.
Daily ATR Bonanza: Expected Moves - Tr33man Daily ATR Bonanza: Expected Moves
Overview 🤷♂️
The Daily ATR Bonanza script is a powerful trading tool designed to help traders visualize and understand potential price movements using the Average True Range (ATR). It provides daily and weekly ATR levels, historical statistics, and conditional probability analysis to give traders actionable insights. The script also plots the daily Keltner channel. This script is ideal for traders who want to gauge volatility, identify key levels, and make data-driven decisions.
b]Key Features:
📈 1. Daily and Weekly ATR Levels
🔵ATR Levels: The script calculates and displays ATR-based levels for the day and week. These levels are derived from the previous day's or week's close price and are adjusted using customizable multipliers (0.5x, 1x, and 1.5x by default).
🔵You can choose the number of ATR levels (1, 2, or 3) and adjust the multipliers to suit your trading strategy.
🌐 2. ATR Bands (Keltner Channels)
🔵The script includes an option to display ATR Bands, which are volatility-based envelopes around a moving average. These bands help identify overbought and oversold conditions.
🔵You can adjust the ATR multiplier and the length of the moving average used for the bands.
🧮 3. Historical Statistics and Conditional Probability
🔵 Historical Analysis: The script analyzes historical price movements to calculate the likelihood of closing at certain ATR levels.
🔵 Conditional Probability: This feature shows the probability of the price reaching specific ATR levels given the current market conditions. The conditional matches historical data by an open in the same opening ATR bucket, as well as the current price bucket having been visited in the historical case. Conditional probabilities are just statistics, and do not predict anything.
Data Table: 📚
🔵 Historical Close Probability: The percentage of days the price closed within each ATR level.
🔵 Conditional Close Probability: The likelihood of the price closing within each ATR level today.
❓ What is Conditional Probability? ❓
Conditional probability is a statistical measure that calculates the likelihood of an event occurring given that another event has already occurred. In this script, it is used to determine the probability of the price reaching specific ATR levels based on the current opening range as well as current ATR distance from the previous close.
For example:
If the market opens near the lower end of the first ATR level, the script calculates the likelihood of the price reaching the upper end of the first, second, or third ATR level.
This analysis is based on historical data, making it a powerful tool for understanding potential price movements.
🌟 Understanding the Levels
🔵Daily Levels: These are based on the previous day's close price and ATR. They are updated at the start of each new day.
🔵Weekly Levels: These are based on the previous week's close price and ATR. They are updated at the start of each new week.
🔵ATR Bands: These are dynamic levels that adjust with market volatility.
🔬 Analyze the Statistics (Daily only for now, no weekly yet)
🔵Use the interactive table to understand historical probabilities and conditional probabilities.
🔵Focus on the current opening range and the likelihood of reaching specific levels.
🧠 Make Trading Decisions
🔵Use the ATR levels and bands to identify key support and resistance levels.
🔵Use the conditional probability table to gauge the likelihood of reaching specific targets.
🔵Adjust your strategy based on the historical performance of the market.
Example Use Cases
1. Day Trading
Use the daily ATR levels to set intraday targets and stop-loss levels.
Monitor the conditional probability table to adjust your expectations based on the opening range.
2. Swing Trading
Use the weekly ATR levels to identify longer-term support and resistance levels.
3. Scalping
Use the ATR bands to identify overbought and oversold conditions.
Use the conditional probability table to quickly assess the likelihood of price movements.
New Momentum H/LNew Momentum H/L shows when momentum, defined as the rate of price change over time, exceeds the highest or lowest values observed over a user-defined period. These events shows points where momentum reaches new extremes relative to that period, and the indicator plots a column to mark each occurrence.
Increase in momentum could indicate the start of a trend phase from a low volatile or balanced state. However in developed trends, extreme momentum could also mark potential climaxes which can lead to trend termination. This reflects the dual nature of the component.
This indicator is based on the MACD calculated as the difference between a 3-period and a 10-period simple moving average. New highs are indicated when this value exceeds all previous values within the lookback window; new lows when it drops below all previous values. The default lookback period is set to 40 bars, which corresponds with two months on a daily chart.
The indicator also computes a z-score of the MACD line over the past 100 bars. This standardization helps compare momentum across different periods and normalizes the values of current moves relative to recent history.
In practice, use the indicator to confirm presence of momentum at the start of a move from a balanced state (often following a volatility expansion), track how momentum develops inside of a trend structure and locate potential climactic events.
Momentum should in preference be interpreted from price movement. However, to measure and standardize provides structure and helps build more consistent models. This should be used in context of price structure and broader market conditions; as all other tools.
Candle SequenceLooking to easily identify moments of strong market conviction? "Racha Velas" (or your chosen English name like "Consecutive Candles Streak") allows you to visualize clearly and directly sequences of consecutive bullish and bearish candles.
**Key Features:**
* **Real-time Counting:** Displays the number of consecutive candles directly on the chart.
* **Visual Customization:** Adjust the text size and color for optimal visualization.
* **Vertical Offset:** Control the position of the counter to avoid obstructions.
* **Maximum Streaks Table (Optional):** Visualize the largest bullish and bearish streaks found in the chart's history, useful for understanding volatility and price behavior.
* **Easy to Use:** Simply add the indicator to your chart and start analyzing.
This indicator is a valuable tool for traders looking to confirm trends, identify potential exhaustion points, or simply understand price dynamics at a glance. Give it a try and discover the market's streaks!
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¿Buscas identificar momentos de fuerte convicción del mercado? "Racha Velas" te permite visualizar de forma clara y directa las secuencias de velas consecutivas alcistas y bajistas.
**Características principales:**
* **Conteo en Tiempo Real:** Muestra el número de velas consecutivas directamente en el gráfico.
* **Personalización Visual:** Ajusta el tamaño y color del texto para una visualización óptima.
* **Offset Vertical:** Controla la posición del contador para evitar obstrucciones.
* **Tabla de Rachas Máximas (Opcional):** Visualiza las mayores rachas alcistas y bajistas encontradas en el historial del gráfico, útil para entender la volatilidad y el comportamiento del precio.
* **Fácil de Usar:** Simplemente añade el indicador a tu gráfico y comienza a analizar.
Este indicador es una herramienta valiosa para traders que buscan confirmar tendencias, identificar posibles agotamientos o simplemente entender la dinámica del precio en un vistazo. ¡Pruébalo y descubre las rachas del mercado!
MTF Stochastic RSIOverview: MTF Stochastic RSI
is a momentum-tracking tool that plots the Stochastic RSI oscillator for up to four user-
defined timeframes on a single panel. It provides a compact yet powerful view of how
momentum is aligning or diverging across different timeframes, making it suitable for both
scalpers and swing traders looking for multi-timeframe confirmation.
What it does:
Calculates Stochastic RSI values using the RSI of price as the base input and applies
smoothing for stability.
Aggregates and displays the values for four customizable TF (e.g., 5min, 15min, 1h, 4h).
Highlights potential support and resistance zones in the oscillator space using adaptive zone
logic.
Optionally draws dynamic support/resistance zone lines in the oscillator space based on
historical turning points.
How it works:
Each timeframe uses the same RSI and Stoch calculation settings but runs independently via
the request.security() function.
Stochastic RSI is calculated by first applying the RSI to price, then applying a stochastic
formula on the RSI values, and finally smoothing the %K output.
Adaptive overbought and oversold thresholds adjust based on ATR-based volatility and simple
trend filtering (e.g., price vs EMA).
When a crossover above the oversold zone or a crossunder below the overbought zone
occurs, the script checks for proximity to previously stored zones and either adjusts or
records a new one.
These zones are stored and re-plotted as dotted support/resistance levels within the
oscillator space.
What it’s based on:
The indicator builds upon traditional Stochastic RSI by applying it to multiple timeframes in
parallel.
Zone detection logic is inspired by the idea of oscillator-based support/resistance levels.
Volatility-adjusted thresholds are based on ATR (Average True Range) to make the
overbought/oversold zones responsive to market conditions.
How to use it:
Look for alignment across timeframes (e.g., all four curves pushing into the overbought
region suggests strong trend continuation).
Reversal risk increases when one or more higher timeframes are diverging or showing signs of
cooling while lower timeframes are still extended.
Use the zone lines as soft support/resistance references within the oscillator—retests of
these zones can indicate strong reversal opportunities or continuation confirmation.
This script is provided for educational and informational purposes only. It does not constitute financial advice, trading recommendations, or an offer to buy or sell any financial instrument. Always perform your own due diligence, use proper risk management, and consult a qualified financial professional before making any trading decisions. Past performance does not guarantee future results. Use this tool at your own discretion and risk.
3 Zero Lag + 3 Moving Averages + 3 RVWAPThe "3 Zero Lag + 3 Moving Averages + 3 RVWAP" (ZMR) indicator combines three groups of tools for technical analysis.
1. Three Customizable Moving Averages (MAs):
Configuration for Each MA:
Choice of 7 types (SMA, EMA, WMA, HMA, VWMA, LSMA, SMMA).
Independent periods and price sources for each line.
Visualization:
MA1 (Blue), MA2 (Red), MA3 (Green).
2. Three Zero Lag EMAs (ZLEMA) with Individual Settings:
Lag Reduction: Corrects traditional EMA lag using:
Adjusted Price = 2 * Current Price - Price .
Flexibility:
Unique lengths (20, 50, 70) and individual price sources for each ZLEMA (HLC3, HL2, Close, etc.).
Colors:
ZLEMA1 (Yellow), ZLEMA2 (Orange), ZLEMA3 (Purple).
3. Three Rolling VWAPs with Custom Parameters:
Volume-Weighted Average Price (VWAP):
Calculated for three periods (20, 50, 100) with dedicated price sources for each VWAP.
Colors:
VWAP1 (Pink), VWAP2 (Light Blue), VWAP3 (Neon Green).
Tango Multi-Timeframe Trend DotsTLDR: When the background is green, favor long. When the background is red, favor short.
By default: Will show 5-minute, 10-minute, 15-minute timeframe.
📈 Tango Multi-Timeframe Trend Dots
Tango Trend Dots is a visual trend-tracking tool that plots clean, color-coded trend signals from up to three different timeframes in a dedicated indicator pane. Each dot represents the trend direction on that timeframe:
🟢 Green = Uptrend
🔴 Red = Downtrend
🟡 Yellow = Trend-MACD conflict (optional MACD filter)
🔧 Features
Multi-Timeframe Support: Configure 3 different timeframes (default: 5m, 10m, 15m)
Color-Coded Trends:
Green = uptrend
Red = downtrend
Yellow = conflicting trend & MACD (if enabled)
MACD Filter (optional): Highlights trend conflicts using MACD histogram
Background Shading: Optional highlight when 2 out of 3 timeframes agree
Customizable UI: Clean labels and visual alignment of all signals
📊 Use Cases
Confirm short-term trades with higher timeframe alignment
Identify conflicting signals using MACD divergence
Spot consensus trends with visual clarity
Linear Regression Slope The Linear Regression Slope provides a quantitative measure of trend direction. It fits a linear regression line to the past N closing prices and calculates the slope, representing the average rate of price change per bar.
To ensure comparability across assets and timeframes, the slope is normalized by the ATR over a shorter window. This produces a volatility-adjusted measure which allows for the slope to be interpreted relative to typical price fluctuations.
Mathematically, the slope is derived by minimizing the sum of squared deviations between actual prices and the fitted regression line. A positive normalized slope indicate upwards movement; a negative slope indicate downwards movement. Persistent values near zero could indicate an absence of clear trend, with price dominated by short-term fluctuations or noise.
The definition of a trend depends on the period of observation. The lookback setting should be set based on to the desired timeframe. Shorter lookbacks will respond faster to recent changes but may be more sensitive to noise, while longer lookbacks will emphasize broader structures.
While effective at quantifying existing trends, this method is not predictive. Sudden regime changes, volatility shocks, and non-linear dynamics can all cause rapid slope reversals. Therefore, it is best applied as part of a broader analytical framework.
In summary, the Linear Regression Slope quantifies price direction and serves as a measurable supplement to the visual assessment of trends on price charts.
Additional Features:
Option to display or hide the normalized slope line.
Option to enable background coloring when the slope is above or below zero.
ATR Based Zigzag w EMAThe "ATR Based Zigzag with EMA" indicator is a refined trend-following tool designed for traders who demand clarity, precision, and robust trend detection. This script uses an ATR (Average True Range)-based breakout mechanism to dynamically determine the current market trend, while overlaying a clean, smoothed EMA (Exponential Moving Average) line to visually represent the active directional bias.
The indicator continuously tracks new swing highs and lows based on ATR volatility thresholds. When price moves sufficiently against the current trend — exceeding an ATR-multiplied distance — the trend is considered reversed. This adaptive method ensures that trend flips are based not on arbitrary price action, but on meaningful, volatility-adjusted movements.
Instead of plotting zigzag-style pivots which can create visual noise, the indicator draws a single, smooth EMA line calculated from the median price ((high + low) / 2). The color of the line shifts instantly based on the active trend: green (or your customized color) for uptrends, and red for downtrends. In addition, individual price bars are optionally colored to match the trend, further enhancing at-a-glance clarity without cluttering the chart.
Key user-defined inputs include the ATR length, ATR multiplier (sensitivity for trend flips), EMA smoothing length (responsiveness of the trend line), and full color customization for uptrend and downtrend states.
This indicator excels at providing a clear and immediate understanding of trend conditions, making it highly effective for:
Trend-following strategies
Reversal spotting based on volatility breaks
Entry/exit confirmation
Visual chart cleanliness and minimalism
Whether used standalone or alongside other tools, the "ATR Based Zigzag with EMA" offers a disciplined, volatility-sensitive view of market structure — engineered for traders who refuse to tolerate noise, hesitation, or ambiguity in their decision-making.
2 MA + Strat Candle ColorsThe "2 MA + Strat Candle Colors" indicator combines two customizable moving averages (MAs) with a strategic candle-coloring system to help traders analyze trends and price action. Here’s a breakdown of its features:
1. Two Moving Averages (MAs):
MA 1 & MA 2 Settings:
Users can select between 7 MA types for each line: SMA, EMA, WMA, HMA, VWMA, LSMA, SMMA.
Adjustable periods and price sources (e.g., close, open) for both MAs.
Default settings: MA 1 = 9-period EMA, MA 2 = 20-period EMA.
Plotting:
MA 1 is blue, MA 2 is red (colors customizable via inputs).
Crossovers between the MAs can signal trend changes.
2. Strategic Candle Coloring:
Candles are colored based on their relationship to the previous candle:
Green (Bullish): "Two-Up Bar" – current high > prior high, and low does not break prior low.
Red (Bearish): "Two-Down Bar" – current low < prior low, and high does not break prior high.
Purple (Outside Bar): "Three Bar" – current candle engulfs the prior candle (higher high and lower low).
Yellow (Inside Bar): "One Bar" – current candle is contained within the prior candle’s range.
Candle coloring is based on:
Smart Breakout with ATR Stop-LossThe Smart Breakout indicator combines a classic 20-day Donchian channel breakout with a tight trailing stop, drawing green lines and “ENTRY” labels at the bar after a valid breakout, and red lines and “EXIT” label at the bar after a stop-loss breach.
By default it uses the chart’s timeframe to compute ATR and stops, but you can flip on Daily lock to freeze both ATR and price reads at the daily resolution—so your stops stay the same whether you view at 1s, 15 m, 4h or lower frequency bars.
Key features:
20-day Donchian breakout: entry when price closes above the highest high of the previous 20 bars
2 × ATR(14) trailing stop: initialized at entry and raised only when the new (close – 2 × ATR) exceeds the prior stop
Daily lock option: Ensures all ATR and close values are calculated on the daily timeframe, keeping stop levels consistent across resolutions
Anchored Moving Average by TradeSeekersThis script plots an SMA that resets based on the selected anchored timeframe, by default it is 1D.
There exists some other AMA scripts but I didn't find anything that plotted the non-anchored MA alongside the AMA and displayed the point of convergence.
The non-anchored MA presents slightly opaque as a circle plot until the anchored MA converges.
Until the anchored MA contains enough data an simple average is calculated of all source prices collected starting from the anchor.
For example, if the timeframe has reset and source is set to closing prices, then after the first bar the AMA is essentially the last closing price. After two bars have closed then the AMA is an average of the last two closing prices.
Future updates may add additional average types as time permits.
