Technical Strength Index (TSI)📘 TSI with Dynamic Bands – Technical Strength Index
The TSI with Dynamic Bands is a multi-factor indicator designed to measure the statistical strength and structure of a trend. It combines several quantitative metrics into a single, normalized score between 0 and 1, allowing traders to assess the technical quality of market moves and detect overbought/oversold conditions with adaptive precision.
🧠 Core Components
This indicator draws from the StatMetrics library, blending:
📈 Trend Persistence: via the Hurst exponent, indicating whether price action is mean-reverting or trending.
📉 Risk-Adjusted Volatility: via the inverted , rewarding smoother, less erratic price movement.
🚀 Momentum Strength: using a combination of directional momentum and Z-score–normalized returns.
These components are normalized and averaged into the TSI line.
🎯 Features
TSI Line: Composite score of trend quality (0 = weak/noise, 1 = strong/structured).
Dynamic Bands: Mean ± 1 standard deviation envelopes provide adaptive context.
Overbought/Oversold Detection: Based on a rolling quantile (e.g. 90th/10th percentile of TSI history).
Signal Strength Bar (optional): Measures how statistically extreme the current TSI value is, helping validate confidence in trade setups.
Dynamic Color Cues: Background and bar gradients help visually identify statistically significant zones.
📈 How to Use
Look for overbought (red background) or oversold (green background) conditions as potential reversal zones.
Confirm trend strength with the optional signal strength bar — stronger values suggest higher signal confidence.
Use the TSI line and context bands to filter out noisy ranges and focus on structured price moves.
⚙️ Inputs
Lookback Period: Controls the smoothing and window size for statistical calculations.
Overbought/Oversold Quantiles: Adjust the thresholds for signal zones.
Plot Signal Strength: Enable or disable the signal confidence bar.
Overlay Signal Strength: Show signal strength in the same panel (compact) or not (cleaner TSI-only view).
🛠 Example Use Cases
Mean reversion traders identifying reversal zones with statistical backing
Momentum/Trend traders confirming structure before entries
Quantitative dashboards or multi-asset screening tools
⚠️ Disclaimer
This script is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any financial instrument.
This AI is not a financial advisor; please consult your financial advisor for personalized advice.
Statistics
Market Strength Buy Sell Indicator [TradeDots]A specialized tool designed to assist traders in evaluating market conditions through a multifaceted analysis of relative performance, beta-adjusted returns, momentum, and volume—allowing you to identify optimal points for long or short trades. By integrating multiple benchmarks (default S&P 500) and percentile-based thresholds, the script provides clear, actionable insights suitable for both day trading and higher-level timeframe assessments.
📝 HOW IT WORKS
1. Multi-Factor Composite Score
Relative Performance (RS Ratio): Compares your asset’s performance to a chosen benchmark (default: SPY). Values above 1.0 indicate outperformance, while below 1.0 suggest underperformance.
Beta-Adjusted Returns: Checks the ticker’s excess movement relative to expected market-related moves. This helps distinguish pure “alpha” from broad market effects.
Volume & Correlation: Volume spikes often confirm the momentum behind a move, while correlation measures how closely the asset tracks or diverges from its benchmark.
These components merge into a 0–100 composite score. Scores above 50 frequently imply bullish strength; drops below 50 often point to underperformance—potentially flagging short opportunities.
2. Intraday & Day Trading Focus
Monitoring Below 50: During the trading day, the script calculates live data against the benchmark, offering an intraday-sensitive composite score. A dip under 50 may indicate a short bias for that session, especially when accompanied by high volume or momentum shifts.
3. Higher Timeframe Monitoring
Daily Strategies: On daily or weekly charts, the script reveals overall relative strength or weakness compared to the S&P 500. This higher-level perspective helps form broader trading biases—crucial for swing or position trades spanning multiple days.
Long/Short Thresholds: Persistent readings above 50 on a daily chart typically reinforce a long bias, while consistent dips below 50 can sustain a short or cautious outlook.
4. Pair Trading Applications
Custom Benchmark Selection: By setting a specific ticker pair as your benchmark instead of the default S&P 500, you can identify spread trading opportunities between two correlated assets. This allows you to go long the outperforming asset while shorting the underperforming one when the spread reaches extreme levels.
4. Color-Coded Signals & Alerts
Visual Zones (25–75): Color-coded bands highlight strong outperformance (above 75) or pronounced underperformance (below 25).
Alerts on Strong Shifts: Automatic alerts can notify you of sudden entries or exits from bullish or bearish zones, so you can potentially act on new market information without delay.
⚙️ HOW TO USE
1. Select Your Timeframe: For scalping or day trading, lower intervals (e.g., 5-minute) offer immediate data resets at the session’s start. For multi-day insight, daily or weekly charts reveal broader performance trends.
2. Watch Key Levels Around 50: Intraday dips under 50 may be a cue to consider short trades, while bounces above 50 can confirm renewed strength.
3. Assess Benchmark Relationships: Compare your asset’s score and signals to the broader market. A stock falling below its pair’s relative strength line might lag overall market momentum.
4. Combine Tools & Validate: This script excels when integrated with other technical analysis methods (e.g., support/resistance, chart patterns) and fundamental factors for a holistic market view.
❗ LIMITATIONS
No Direction Guarantee: The indicator identifies relative strength but does not guarantee directional price moves.
Delayed Updates: Since calculations update after each bar close, sudden intrabar changes may not immediately reflect.
Market-Specific Behaviors: Some assets or unusual market conditions may deviate from typical benchmarks, weakening signal reliability.
Past ≠ Future: High or low relative strength in the past may not predict continued performance.
RISK DISCLAIMER
All forms of trading and investing involve risk, including the possible loss of principal. This indicator analyzes relative performance but cannot assure profits or eliminate losses. Past performance of any strategy does not guarantee future results. Always combine analysis with proper risk management and your broader trading plan. Consult a licensed financial advisor if you are unsure of your individual risk tolerance or investment objectives.
Multi Asset Comparative📊 Multi Asset Comparative – Compare Baskets of Cryptos Visually
This indicator allows you to compare the performance of two groups of cryptocurrencies (or any assets) over time, using a clean and intuitive chart.
Instead of looking at each asset separately, this tool gives you a global view by showing how one group performs relative to another — all displayed in the form of candlesticks.
🧠 What This Tool Is For
Markets constantly shift, and capital rotates between sectors or tokens. This script helps you visually track those shifts by answering a key question:
"Is this group of assets getting stronger or weaker compared to another group?"
For example:
Compare altcoins vs Bitcoin
Track the DeFi sector vs Ethereum
Analyze your custom portfolio vs the market
Spot moments when money flows from majors to smaller caps, or vice versa
🧩 How It Works (Simplified)
You select two groups of assets:
Group 1 (up to 20 assets) — the one you want to analyze
Group 2 (up to 5 assets) — your comparison baseline
The indicator then creates a single line of candles that represents the performance of Group 1 compared to Group 2. If the candles go up, it means Group 1 is gaining strength over Group 2. If the candles go down, it's losing ground.
This lets you see market dynamics in one glance, instead of switching charts or running calculations manually.
🚀 Why It's Unique
Unlike many indicators that just show data from one asset, this one provides a bird's-eye view of multiple assets at once — condensed into a simple visual ratio.
It’s:
Customizable (you choose the assets)
Visual and intuitive (no need to interpret tables or formulas)
Actionable (helps with trend confirmation, macro views, and market rotation)
Whether you're a swing trader, a macro analyst, or building your own strategy, this tool can help you spot opportunities hidden in plain sight.
✅ How to Use It
Choose your two groups of assets (e.g., altcoins vs BTC/ETH)
Watch the direction of the candles:
Uptrend = Group 1 gaining strength over Group 2
Downtrend = Group 1 weakening
Use it to confirm market shifts, anticipate rotations, or analyze sector strength
Approximate Entropy Zones [PhenLabs]Version: PineScript™ v6
Description
This indicator identifies periods of market complexity and randomness by calculating the Approximate Entropy (ApEn) of price action. As the movement of the market becomes complex, it means the current trend is losing steam and a reversal or consolidation is likely near. The indicator plots high-entropy periods as zones on your chart, providing a graphical suggestion to anticipate a potential market direction change. This indicator is designed to help traders identify favorable times to get in or out of a trade by highlighting when the market is in a state of disarray.
Points of Innovation
Advanced Complexity Analysis: Instead of relying on traditional momentum or trend indicators, this tool uses Approximate Entropy to quantify the unpredictability of price movements.
Dynamic Zone Creation: It automatically plots zones on the chart during periods of high entropy, providing a clear and intuitive visual guide.
Customizable Sensitivity: Users can fine-tune the ‘Entropy Threshold’ to adjust how frequently zones appear, allowing for calibration to different assets and timeframes.
Time-Based Zone Expiration: Zones can be set to expire after a specific time, keeping the chart clean and relevant.
Built-in Zone Size Filter: Excludes zones that form on excessively large candles, filtering out noise from extreme volatility events.
On-Chart Calibration Guide: A persistent note on the chart provides simple instructions for adjusting the entropy threshold, making it easy for users to optimize the indicator’s performance.
Core Components
Approximate Entropy (ApEn) Calculation: The core of the indicator, which measures the complexity or randomness of the price data.
Zone Plotting: Creates visual boxes on the chart when the calculated ApEn value exceeds a user-defined threshold.
Dynamic Zone Management: Manages the lifecycle of the zones, from creation to expiration, ensuring the chart remains uncluttered.
Customizable Settings: A comprehensive set of inputs that allow users to control the indicator’s sensitivity, appearance, and time-based behavior.
Key Features
Identifies Potential Reversals: The high-entropy zones can signal that a trend is nearing its end, giving traders an early warning.
Works on Any Timeframe: The indicator can be applied to any chart timeframe, from minutes to days.
Customizable Appearance: Users can change the color and transparency of the zones to match their chart’s theme.
Informative Labels: Each zone can display the calculated entropy value and the direction of the candle on which it formed.
Visualization
Entropy Zones: Shaded boxes that appear on the chart, highlighting candles with high complexity.
Zone Labels: Text within each zone that displays the ApEn value and a directional arrow (e.g., “0.525 ↑”).
Calibration Note: A small table in the top-right corner of the chart with instructions for adjusting the indicator’s sensitivity.
Usage Guidelines
Entropy Analysis
Source: The price data used for the ApEn calculation. (Default: close)
Lookback Length: The number of bars used in the ApEn calculation. (Default: 20, Range: 10-50)
Embedding Dimension (m): The length of patterns to be compared; a standard value for financial data. (Default: 2)
Tolerance Multiplier (r): Adjusts the tolerance for pattern matching; a larger value makes matching more lenient. (Default: 0.2)
Entropy Threshold: The ApEn value that must be exceeded to plot a zone. Increase this if too many zones appear; decrease it if too few appear. (Default: 0.525)
Time Settings
Analysis Timeframe: How long a zone remains on the chart after it forms. (Default: 1D)
Custom Period (Bars): The zone’s lifespan in bars if “Analysis Timeframe” is set to “Custom”. (Default: 1000)
Zone Settings
Zone Fill Color: The color of the entropy zones. (Default: #21f38a with 80% transparency)
Maximum Zone Size %: Filters out zones on candles that are larger than this percentage of their low price. (Default: 0.5)
Display Options
Show Entropy Label: Toggles the visibility of the text label inside each zone. (Default: true)
Label Text Position: The horizontal alignment of the text label. (Default: Right)
Show Calibration Note: Toggles the visibility of the calibration note in the corner of the chart. (Default: true)
Best Use Cases
Trend Reversal Trading: Identifying when a strong trend is likely to reverse or pause.
Breakout Confirmation: Using the absence of high entropy to confirm the strength of a breakout.
Ranging Market Identification: Periods of high entropy can indicate that a market is transitioning into a sideways or choppy phase.
Limitations
Not a Standalone Signal: This indicator should be used in conjunction with other forms of analysis to confirm trading signals.
Lagging Nature: Like all indicators based on historical data, ApEn is a lagging measure and does not predict future price movements with certainty.
Calibration Required: The effectiveness of the indicator is highly dependent on the “Entropy Threshold” setting, which needs to be adjusted for different assets and timeframes.
What Makes This Unique
Quantifies Complexity: It provides a numerical measure of market complexity, offering a different perspective than traditional indicators.
Clear Visual Cues: The zones make it easy to see when the market is in a state of high unpredictability.
User-Friendly Design: With features like the on-chart calibration note, the indicator is designed to be easy to use and optimize.
How It Works
Calculate Standard Deviation: The indicator first calculates the standard deviation of the source price data over a specified lookback period.
Calculate Phi: It then calculates a value called “phi” for two different pattern lengths (embedding dimensions ‘m’ and ‘m+1’). This involves comparing sequences of data points to see how many are “similar” within a certain tolerance (determined by the standard deviation and the ‘r’ multiplier).
Calculate ApEn: The Approximate Entropy is the difference between the two phi values. A higher ApEn value indicates greater irregularity and unpredictability in the data.
Plot Zones: If the calculated ApEn exceeds the user-defined ‘Entropy Threshold’, a zone is plotted on the chart.
Note: The “Entropy Threshold” is the most important setting to adjust. If you see too many zones, increase the threshold. If you see too few, decrease it.
SmartPhase Analyzer📝 SmartPhase Analyzer – Composite Market Regime Classifier
SmartPhase Analyzer is an adaptive regime classification tool that scores market conditions using a customizable set of statistical indicators. It blends multiple normalized metrics into a composite score, which is dynamically evaluated against rolling statistical thresholds to determine the current market regime.
✅ Features:
Composite score calculated from 13+ toggleable statistical indicators:
Sharpe, Sortino, Omega, Alpha, Beta, CV, R², Entropy, Drawdown, Z-Score, PLF, SRI, and Momentum Rank
Uses dynamic thresholds (mean ± std deviation) to classify regime states:
🟢 BULL – Strongly bullish
🟩 ACCUM – Mildly bullish
⚪ NEUTRAL – Sideways
🟧 DISTRIB – Mildly bearish
🔴 BEAR – Strongly bearish
Color-coded histogram for composite score clarity
Real-time regime label plotted on chart
Benchmark-aware metrics (Alpha, Beta, etc.)
Modular design using the StatMetrics library by RWCS_LTD
🧠 How to Use:
Enable/disable metrics in the settings panel to customize your composite model
Use the composite histogram and regime background for discretionary or systematic analysis
⚠️ Disclaimer:
This indicator is for educational and informational purposes only. It does not constitute financial advice or a trading recommendation. Always consult your financial advisor before making investment decisions.
StatMetricsLibrary "StatMetrics"
A utility library for common statistical indicators and ratios used in technical analysis.
Includes Z-Score, correlation, PLF, SRI, Sharpe, Sortino, Omega ratios, and normalization tools.
zscore(src, len)
Calculates the Z-score of a series
Parameters:
src (float) : The input price or series (e.g., close)
len (simple int) : The lookback period for mean and standard deviation
Returns: Z-score: number of standard deviations the input is from the mean
corr(x, y, len)
Computes Pearson correlation coefficient between two series
Parameters:
x (float) : First series
y (float) : Second series
len (simple int) : Lookback period
Returns: Correlation coefficient between -1 and 1
plf(src, longLen, shortLen, smoothLen)
Calculates the Price Lag Factor (PLF) as the difference between long and short Z-scores, normalized and smoothed
Parameters:
src (float) : Source series (e.g., close)
longLen (simple int) : Long Z-score period
shortLen (simple int) : Short Z-score period
smoothLen (simple int) : Hull MA smoothing length
Returns: Smoothed and normalized PLF oscillator
sri(signal, len)
Computes the Statistical Reliability Index (SRI) based on trend persistence
Parameters:
signal (float) : A price or signal series (e.g., smoothed PLF)
len (simple int) : Lookback period for smoothing and deviation
Returns: Normalized trend reliability score
sharpe(src, len)
Calculates the Sharpe Ratio over a period
Parameters:
src (float) : Price series (e.g., close)
len (simple int) : Lookback period
Returns: Sharpe ratio value
sortino(src, len)
Calculates the Sortino Ratio over a period, using only downside volatility
Parameters:
src (float) : Price series
len (simple int) : Lookback period
Returns: Sortino ratio value
omega(src, len)
Calculates the Omega Ratio as the ratio of upside to downside return area
Parameters:
src (float) : Price series
len (simple int) : Lookback period
Returns: Omega ratio value
beta(asset, benchmark, len)
Calculates beta coefficient of asset vs benchmark using rolling covariance
Parameters:
asset (float) : Series of the asset (e.g., close)
benchmark (float) : Series of the benchmark (e.g., SPX close)
len (simple int) : Lookback window
Returns: Beta value (slope of linear regression)
alpha(asset, benchmark, len)
Calculates rolling alpha of an asset relative to a benchmark
Parameters:
asset (float) : Series of the asset (e.g., close)
benchmark (float) : Series of the benchmark (e.g., SPX close)
len (simple int) : Lookback window
Returns: Alpha value (excess return not explained by Beta exposure)
skew(x, len)
Computes skewness of a return series
Parameters:
x (float) : Input series (e.g., returns)
len (simple int) : Lookback period
Returns: Skewness value
kurtosis(x, len)
Computes kurtosis of a return series
Parameters:
x (float) : Input series (e.g., returns)
len (simple int) : Lookback period
Returns: Kurtosis value
cv(x, len)
Calculates Coefficient of Variation
Parameters:
x (float) : Input series (e.g., returns or prices)
len (simple int) : Lookback period
Returns: CV value
autocorr(x, len)
Calculates autocorrelation with 1-lag
Parameters:
x (float) : Series to test
len (simple int) : Lookback window
Returns: Autocorrelation at lag 1
stderr(x, len)
Calculates rolling standard error of a series
Parameters:
x (float) : Input series
len (simple int) : Lookback window
Returns: Standard error (std dev / sqrt(n))
info_ratio(asset, benchmark, len)
Calculates the Information Ratio
Parameters:
asset (float) : Asset price series
benchmark (float) : Benchmark price series
len (simple int) : Lookback period
Returns: Information ratio (alpha / tracking error)
tracking_error(asset, benchmark, len)
Measures deviation from benchmark (Tracking Error)
Parameters:
asset (float) : Asset return series
benchmark (float) : Benchmark return series
len (simple int) : Lookback window
Returns: Tracking error value
max_drawdown(x, len)
Computes maximum drawdown over a rolling window
Parameters:
x (float) : Price series
len (simple int) : Lookback window
Returns: Rolling max drawdown percentage (as a negative value)
zscore_signal(z, ob, os)
Converts Z-score into a 3-level signal
Parameters:
z (float) : Z-score series
ob (float) : Overbought threshold
os (float) : Oversold threshold
Returns: -1, 0, or 1 depending on signal state
r_squared(x, y, len)
Calculates rolling R-squared (coefficient of determination)
Parameters:
x (float) : Asset returns
y (float) : Benchmark returns
len (simple int) : Lookback window
Returns: R-squared value (0 to 1)
entropy(x, len)
Approximates Shannon entropy using log returns
Parameters:
x (float) : Price series
len (simple int) : Lookback period
Returns: Approximate entropy
zreversal(z)
Detects Z-score reversals to the mean
Parameters:
z (float) : Z-score series
Returns: +1 on upward reversal, -1 on downward
momentum_rank(x, len)
Calculates relative momentum strength
Parameters:
x (float) : Price series
len (simple int) : Lookback window
Returns: Proportion of lookback where current price is higher
normalize(x, len)
Normalizes a series to a 0–1 range over a period
Parameters:
x (float) : The input series
len (simple int) : Lookback period
Returns: Normalized value between 0 and 1
composite_score(score1, score2, score3)
Combines multiple normalized scores into a composite score
Parameters:
score1 (float)
score2 (float)
score3 (float)
Returns: Average composite score
TitanGrid L/S SuperEngineTitanGrid L/S SuperEngine
Experimental Trend-Aligned Grid Signal Engine for Long & Short Execution
🔹 Overview
TitanGrid is an advanced, real-time signal engine built around a tactical grid structure.
It manages Long and Short trades using trend-aligned entries, layered scaling, and partial exits.
Unlike traditional strategy() -based scripts, TitanGrid runs as an indicator() , but includes its own full internal simulation engine.
This allows it to track capital, equity, PnL, risk exposure, and trade performance bar-by-bar — effectively simulating a custom backtest, while remaining compatible with real-time alert-based execution systems.
The concept was born from the fusion of two prior systems:
Assassin’s Grid (grid-based execution and structure) + Super 8 (trend-filtering, smart capital logic), both developed under the AssassinsGrid framework.
🔹 Disclaimer
This is an experimental tool intended for research, testing, and educational use.
It does not provide guaranteed outcomes and should not be interpreted as financial advice.
Use with demo or simulated accounts before considering live deployment.
🔹 Execution Logic
Trend direction is filtered through a custom SuperTrend engine. Once confirmed:
• Long entries trigger on pullbacks, exiting progressively as price moves up
• Short entries trigger on rallies, exiting as price declines
Grid levels are spaced by configurable percentage width, and entries scale dynamically.
🔹 Stop Loss Mechanism
TitanGrid uses a dual-layer stop system:
• A static stop per entry, placed at a fixed percentage distance matching the grid width
• A trend reversal exit that closes the entire position if price crosses the SuperTrend in the opposite direction
Stops are triggered once per cycle, ensuring predictable and capital-aware behavior.
🔹 Key Features
• Dual-side grid logic (Long-only, Short-only, or Both)
• SuperTrend filtering to enforce directional bias
• Adjustable grid spacing, scaling, and sizing
• Static and dynamic stop-loss logic
• Partial exits and reset conditions
• Webhook-ready alerts (browser-based automation compatible)
• Internal simulation of equity, PnL, fees, and liquidation levels
• Real-time dashboard for full transparency
🔹 Best Use Cases
TitanGrid performs best in structured or mean-reverting environments.
It is especially well-suited to assets with the behavioral profile of ETH — reactive, trend-intraday, and prone to clean pullback formations.
While adaptable to multiple timeframes, it shows strongest performance on the 15-minute chart , offering a balance of signal frequency and directional clarity.
🔹 License
Published under the Mozilla Public License 2.0 .
You are free to study, adapt, and extend this script.
🔹 Panel Reference
The real-time dashboard displays performance metrics, capital state, and position behavior:
• Asset Type – Automatically detects the instrument class (e.g., Crypto, Stock, Forex) from symbol metadata
• Equity – Total simulated capital: realized PnL + floating PnL + remaining cash
• Available Cash – Capital not currently allocated to any position
• Used Margin – Capital locked in open trades, based on position size and leverage
• Net Profit – Realized gain/loss after commissions and fees
• Raw Net Profit – Gross result before trading costs
• Floating PnL – Unrealized profit or loss from active positions
• ROI – Return on initial capital, including realized and floating PnL. Leverage directly impacts this metric, amplifying both gains and losses relative to account size.
• Long/Short Size & Avg Price – Open position sizes and volume-weighted average entry prices
• Leverage & Liquidation – Simulated effective leverage and projected liquidation level
• Hold – Best-performing hold side (Long or Short) over the session
• Hold Efficiency – Performance efficiency during holding phases, relative to capital used
• Profit Factor – Ratio of gross profits to gross losses (realized)
• Payoff Ratio – Average profit per win / average loss per loss
• Win Rate – Percent of profitable closes (including partial exits)
• Expectancy – Net average result per closed trade
• Max Drawdown – Largest recorded drop in equity during the session
• Commission Paid – Simulated trading costs: maker, taker, funding
• Long / Short Trades – Count of entry signals per side
• Time Trading – Number of bars spent in active positions
• Volume / Month – Extrapolated 30-day trading volume estimate
• Min Capital – Lowest equity level recorded during the session
🔹 Reference Ranges by Strategy Type
Use the following metrics as reference depending on the trading style:
Grid / Mean Reversion
• Profit Factor: 1.2 – 2.0
• Payoff Ratio: 0.5 – 1.2
• Win Rate: 50% – 70% (based on partial exits)
• Expectancy: 0.05% – 0.25%
• Drawdown: Moderate to high
• Commission Impact: High
Trend-Following
• Profit Factor: 1.5 – 3.0
• Payoff Ratio: 1.5 – 3.5
• Win Rate: 30% – 50%
• Expectancy: 0.3% – 1.0%
• Drawdown: Low to moderate
Scalping / High-Frequency
• Profit Factor: 1.1 – 1.6
• Payoff Ratio: 0.3 – 0.8
• Win Rate: 80% – 95%
• Expectancy: 0.01% – 0.05%
• Volume / Month: Very high
Breakout Strategies
• Profit Factor: 1.4 – 2.2
• Payoff Ratio: 1.2 – 2.0
• Win Rate: 35% – 60%
• Expectancy: 0.2% – 0.6%
• Drawdown: Can be sharp after failed breakouts
🔹 Note on Performance Simulation
TitanGrid includes internal accounting of fees, slippage, and funding costs.
While its logic is designed for precision and capital efficiency, performance is naturally affected by exchange commissions.
In frictionless environments (e.g., zero-fee simulation), its high-frequency logic could — in theory — extract substantial micro-edges from the market.
However, real-world conditions introduce limits, and all results should be interpreted accordingly.
Candle Range % vs 8-Candle AvgCandle % Indicator – Measure Candle Strength by Range %
**Overview:**
The *Candle % Indicator* helps traders visually and analytically gauge the strength or significance of a price candle relative to its recent historical context. This is particularly useful for detecting breakout moves, volatility shifts, or overextended candles that may signal exhaustion.
**What It Does:**
* Calculates the **percentage range** of the current candle compared to the **average range of the past N candles**.
* Highlights candles that exceed a user-defined threshold (e.g., 150% of the average range).
* Useful for **filtering out extreme candles** that might represent anomalies or unsustainable moves.
* Can be combined with other strategies (like EMA crossovers, support/resistance breaks, etc.) to improve signal quality.
**Use Case Examples:**
***Filter out fakeouts** in breakout strategies by ignoring candles that are overly large and may revert.
***Volatility control**: Avoid entries when market conditions are erratic.
**Confluence**: Combine with EMA or RSI signals for refined entries.
**How to Read:**
* If a candle is larger than the average range by more than the set percentage (default 150%), it's flagged (e.g., no entry signal or optional visual marker).
* Ideal for intraday, swing, or algorithmic trading setups.
**Customizable Inputs:**
**Lookback Period**: Number of previous candles to calculate the average range.
**% Threshold**: Maximum percentage a candle can exceed the average before being filtered or marked.
ALEX - ATR Extensions + ADR + TableALEX - ATR Extensions + ADR + Table
Overview
The ALEX ATR Extensions indicator is a comprehensive volatility and momentum analysis tool that combines Average True Range (ATR), Average Daily Range (ADR), and moving average distance calculations in a single, customizable display. This indicator helps traders assess current price action relative to historical volatility and key moving averages, providing crucial context for risk management and trade planning.
Key Features
Multi-Metric Analysis
- ATR Percentage: Current ATR as a percentage of price for volatility assessment
- ADR Percentage: Average Daily Range as a percentage for typical daily movement
- Low of Day Distance: Distance from current price to daily low
- Moving Average Distance: ATR-normalized distance from 21 and 50 period moving averages
Flexible Moving Average Options
- Configurable MA Types: Choose between EMA or SMA for both 21 and 50 period averages
- Customizable Periods: Adjust moving average lengths to suit your trading style
- Daily Timeframe Data: Uses daily moving averages regardless of chart timeframe
ATR Extension Levels
- Dynamic Price Targets: Calculate extension levels based on ATR multiples from moving averages
- Visual Reference Lines: Optional overlay lines showing ATR extension targets
- Customizable Multipliers: Adjust ATR multipliers for different risk/reward scenarios
Smart Visual Alerts
- Color-Coded Distance Metrics: Automatic color changes based on distance thresholds
- Symbol Plotting: Customizable chart symbols when distance thresholds are exceeded
- Threshold-Based Alerts: Visual cues when price reaches significant ATR distances
Comprehensive Data Table
- Real-Time Metrics: Live updating table with all key measurements
- Customizable Display: Toggle individual metrics on/off based on preference
- Professional Styling: Adjustable colors, fonts, and transparency
How to Use
Volatility Assessment
- High ATR%: Indicates elevated volatility, larger position sizing considerations
- Low ATR%: Suggests compressed volatility, potential for expansion
- ADR% Comparison: Compare current day's range to historical average
Moving Average Analysis
- ATR Distance 21/50: Normalized distance showing how extended price is from key levels
- Positive Values: Price above moving average (bullish positioning)
- Negative Values: Price below moving average (bearish positioning)
- Color Changes: Automatic alerts when reaching threshold levels
Extension Target Planning
- ATR Extension Lines: Visual price targets based on volatility-adjusted projections
- Risk/Reward Planning: Use extension levels for profit target placement
- Breakout Confirmation: Extension levels can confirm breakout validity
Symbol Alert System
- Chart Symbols: Automatic plotting when distance thresholds are breached
- Customizable Triggers: Set your own threshold levels for alerts
- Visual Scanning: Quick identification of extended conditions across multiple charts
Settings
Display Controls
- Show ADR%: Toggle average daily range percentage display
- Show ATR%: Toggle average true range percentage display
- Show LoD Distance: Toggle low of day distance calculation
- Show LoD Price: Toggle actual low of day price display
- Show ATR Distance from 21/50 DMA: Toggle moving average distance metrics
- Show 21/50 DMA Price: Toggle actual moving average price display
- Show ATR Extension Levels: Toggle extension target display in table
Moving Average Configuration
- 21/50 DMA Type: Choose between EMA or SMA calculation methods
- 21/50 DMA Period: Customize moving average lengths
- ADR/ATR Length: Adjust calculation periods for range measurements
Color Thresholds
- Threshold Levels: Set distance levels for color changes (default 2.0 and 5.0)
- Custom Colors: Choose colors for different threshold breaches
- Separate 21/50 Settings: Independent color schemes for each moving average
Symbol Settings
- Show Char Symbol: Toggle symbol plotting for each moving average
- Custom Symbols: Choose any character for chart plotting
- Symbol Colors: Customize colors for visual distinction
- Threshold Levels: Set trigger points for symbol appearance
ATR Extension Lines
- Show Extension Lines: Toggle visual extension level lines
- ATR Multipliers: Customize extension distance (default 2.0x)
- Line Colors: Choose colors for extension level visualization
Table Customization
- Background Color: Adjust table transparency and color
- Text Color: Customize default text appearance
- Font Size: Choose from tiny to huge font options
Advanced Applications
Trend Strength Analysis
- Large ATR distances suggest strong trending moves
- Small ATR distances indicate potential consolidation or reversal zones
- Compare current readings to recent historical ranges
Risk Management
- Use ATR% for position sizing calculations
- Extension levels provide natural profit target zones
- Distance metrics help identify overextended conditions
Multi-Timeframe Context
- Apply to different timeframes for comprehensive analysis
- Daily data provides consistency across all chart intervals
- Combine with weekly/monthly analysis for broader context
Market Regime Identification
- High volatility periods: Increased ATR% readings
- Low volatility periods: Compressed ATR% readings
- Trending markets: Sustained high distance readings
- Consolidating markets: Low distance readings with frequent color changes
Best Practices
Volatility-Adjusted Trading
- Increase position sizes during low volatility periods
- Reduce position sizes during high volatility periods
- Use ATR% for stop-loss placement relative to normal market movement
Extension Level Usage
- Primary targets: 1.5-2.0x ATR extensions
- Secondary targets: 2.5-3.0x ATR extensions
- Avoid chasing prices beyond 3x ATR extensions
Threshold Optimization
- Backtest different threshold levels for your trading style
- Consider market conditions when setting alert levels
- Adjust thresholds based on instrument volatility characteristics
Integration Strategies
- Combine with momentum indicators for confirmation
- Use alongside support/resistance levels
- Incorporate into systematic trading approaches
Technical Specifications
- Compatible with Pine Script v6
- Uses daily timeframe data for consistency
- Optimized for real-time performance
- Works on all chart types and timeframes
- Supports all tradeable instruments
Ideal For
- Swing traders using daily charts
- Position traders seeking volatility context
- Day traders needing intraday reference levels
- Risk managers requiring volatility metrics
- Systematic traders building rule-based strategies
Disclaimer
This indicator is for educational and informational purposes only. It should not be used as the sole basis for trading decisions. Always combine with other forms of analysis, proper risk management techniques, and consider your individual trading plan and risk tolerance. Past performance does not guarantee future results.
Compatible with Pine Script v6 | Optimized for daily timeframe analysis | Works across all markets and instruments
21DMA Structure Counter (EMA/SMA Option)21DMA Structure Counter (EMA/SMA Option)
Overview
The 21DMA Structure Counter is an advanced technical indicator that tracks consecutive periods where price action remains above a 21-period moving average structure. This indicator helps traders identify momentum phases and potential trend exhaustion points using statistical analysis.
Key Features
Moving Average Structure
- Configurable MA Type: Choose between EMA (Exponential Moving Average) or SMA (Simple Moving Average)
- 21-Period Default: Optimized for the widely-watched 21-period moving average
- Triple MA Structure: Tracks high, close, and low moving averages for comprehensive analysis
Statistical Analysis
- Cycle Counting: Automatically counts consecutive periods above the MA structure
- Historical Data: Maintains up to 2,500 historical cycles (approximately 10 years of daily data)
- Z-Score Calculation: Provides statistical context using mean and standard deviation
- Multiple Standard Deviation Levels: Displays +1, +2, and +3 standard deviation thresholds
Visual Indicators
Color-Coded Bars:
- Gray: Below 10-year average
- Yellow: Between average and +1 standard deviation
- Orange: Between +1 and +2 standard deviations
- Red: Between +2 and +3 standard deviations
- Fuchsia: Above +3 standard deviations (extreme readings)
Breadth Integration
- Multiple Breadth Options: NDFI, NDTH, NDTW (NASDAQ breadth indicators), or VIX
- Background Shading: Visual alerts when breadth reaches extreme levels
- High/Low Thresholds: Customizable levels for breadth analysis
- Real-time Display: Current breadth value shown in data table
Smart Reset Logic
- High Below Structure Reset: Automatically resets count when daily high falls below the lowest MA
- Flexible Hold Period: Continues counting during temporary weakness as long as structure isn't violated
- Precise Entry/Exit: Strict criteria for starting cycles, flexible for maintaining them
How to Use
Trend Identification
- Rising Counts: Indicate sustained momentum above key moving average structure
- Extreme Readings: Z-scores above +2 or +3 suggest potential trend exhaustion
- Historical Context: Compare current cycles to 10-year statistical averages
Risk Management
- Breadth Confirmation: Use breadth shading to confirm market-wide strength/weakness
- Statistical Extremes: Exercise caution when readings reach +3 standard deviations
- Reset Signals: Pay attention to structure violations for potential trend changes
Multi-Timeframe Application
- Daily Charts: Primary timeframe for swing trading and position management
- Weekly/Monthly: Longer-term trend analysis
- Intraday: Shorter-term momentum assessment (adjust MA period accordingly)
Settings
Moving Average Options
- Type: EMA or SMA selection
- Period: Default 21 (customizable)
- Reset Days: Days below structure required for reset
Visual Customization
- Standard Deviation Lines: Toggle and customize colors for +1, +2, +3 SD
- Breadth Selection: Choose from NDFI, NDTH, NDTW, or VIX
- Threshold Levels: Set custom high/low breadth thresholds
- Table Styling: Customize text colors, background, and font size
Technical Notes
- Data Retention: Maintains 2,500 historical cycles for robust statistical analysis
- Real-time Updates: Calculations update with each new bar
- Breadth Integration: Uses security() function to pull external breadth data
- Performance Optimized: Efficient array management prevents memory issues
Best Practices
1. Combine with Price Action: Use alongside support/resistance and chart patterns
2. Monitor Breadth Divergences: Watch for breadth weakness during strong readings
3. Respect Statistical Extremes: Exercise caution at +2/+3 standard deviation levels
4. Context Matters: Consider overall market environment and sector rotation
5. Risk Management: Use appropriate position sizing, especially at extreme readings
Disclaimer
This indicator is for educational and informational purposes only. It should not be used as the sole basis for trading decisions. Always combine with other forms of analysis and proper risk management techniques.
Compatible with Pine Script v6 | Optimized for daily timeframes | Best used on major indices and liquid stocks
Pair TradingPAIR TRADING
Description:
This indicator is a simple and intuitive tool for rotating between two assets based on their relative price ratio. By comparing the prices of Asset A and Asset B, it plots a “ratio line” (gray) with dynamic upper and lower boundaries (red and blue).
When the ratio reaches the red line, Asset A is expensive → rotate out of A and into B.
When the ratio touches the blue line, Asset A is cheap → rotate back into A.
The chart also shows:
🔹 Background highlights for visual cues
🔹 “Rotate to A” or “Rotate to B” markers for easy decisions
🔹 A live summary table with mean ratio, upper/lower boundaries, and current ratio
How to Use:
Select Asset A and Asset B in the settings.
Adjust the Lookback Period and Threshold if needed.
Watch the gray ratio line as it moves:
Above red line? → Consider rotating into B
Below blue line? → Consider rotating into A
Use the background color changes and rotation labels to spot clear rotation opportunities!
Why Pair Trading?
Pair trading is a powerful way to manage a portfolio because it neutralizes market direction risk and focuses on relative value.
By rotating between correlated assets, you can:
Smooth out returns
Avoid holding a weak asset too long
Capture reversion when assets diverge too far
This approach can enhance risk-adjusted returns and help keep your portfolio balanced and nimble!
How to Pick Pairs:
Choose assets with strong correlation or similar drivers.
Look for common trends (sector, macro).
Start with assets you know best (high-conviction ideas).
Make sure both have good liquidity for reliable trading!
TO HELP FIND CORRELATED ASSETS:
Use the Correlation Coefficient indicator in TradingView:
Click Indicators
Search for “Correlation Coefficient”
Add it to your chart
Input the symbol of the second asset (e.g., if you’re on MSTR, input TSLA).
This plots the rolling correlation coefficient — super helpful!
Pair trading can turn big swings into steady rotations and help you stay active even when the market is choppy. It’s a simple, practical approach to keep your portfolio balanced.
P&L Entry Zone Marker (clean)This indicator is a simple visual calculator for futures traders.
It helps you track your long and short entry zones based on position size and average price.
🔹 Green line – recalculated long entry after averaging down.
🔹 Red line – short entry point.
You can manually input your initial entry, volume, averaging volume, and averaging price.
The script calculates your new average entry for long positions and plots both lines as full horizontal levels across the chart.
✳️ Useful for:
Visualizing break-even zones
Planning P&L zones for hedged positions
Quickly aligning your trades with market structure
✅ Clean version — no labels, just lines.
📉 Works on all symbols and timeframes.
Yearly Performance Table with CAGROverview
This Pine Script indicator provides a clear table displaying the annual performance of an asset, along with two different average metrics: the arithmetic mean and the geometric mean (CAGR).
Core Features
Annual Performance Calculation:
Automatically detects the first trading day of each calendar year.
Calculates the percentage return for each full calendar year.
Based on closing prices from the first to the last trading day of the respective year.
Flexible Display:
Adjustable Period: Displays data for 1-50 years (default: 10 years).
Daily Timeframe Only: Functions exclusively on daily charts.
Automatic Update: Always shows the latest available years.
Two Average Metrics:
AVG (Arithmetic Mean)
A simple average of all annual returns. (Formula: (R₁ + R₂ + ... + Rₙ) ÷ n)
Important: Can be misleading in the presence of volatile returns.
GEO (Geometric Mean / CAGR)
Compound Annual Growth Rate. (Formula: ^(1/n) - 1)
Represents the true average annual growth rate.
Fully accounts for the compounding effect.
Limitations
Daily Charts Only: Does not work on intraday or weekly/monthly timeframes.
Calendar Year Basis: Calculations are based on calendar years, not rolling 12-month periods.
Historical Data: Dependent on the availability of historical data from the broker/data provider.
Interpretation of Results
CAGR as Benchmark: The geometric mean is more suitable for performance comparisons.
Annual Patterns: Individual year figures can reveal seasonal or cyclical trends.
Simple Position CalculatorThis indicator provides a real-time position sizing calculator designed for fast momentum trading. It instantly calculates optimal trade size based on your risk parameters, entry/exit prices, and exchange conditions (fees/slippage). Perfect for high-speed entries during candle closes and breakouts.
Bilateral Filter For Loop [BackQuant]Bilateral Filter For Loop
The Bilateral Filter For Loop is an advanced technical indicator designed to filter out market noise and smooth out price data, thus improving the identification of underlying market trends. It employs a bilateral filter, which is a sophisticated non-linear filter commonly used in image processing and price time series analysis. By considering both spatial and range differences between price points, this filter is highly effective at preserving significant trends while reducing random fluctuations, ultimately making it suitable for dynamic trend-following strategies.
Please take the time to read the following:
Key Features
1. Bilateral Filter Calculation:
The bilateral filter is the core of this indicator and works by applying a weight to each data point based on two factors: spatial distance and price range difference. This dual weighting process allows the filter to preserve important price movements while reducing the impact of less relevant fluctuations. The filter uses two primary parameters:
Spatial Sigma (σ_d): This parameter adjusts the weight applied based on the distance of each price point from the current price. A larger spatial sigma means more smoothing, as further away values will contribute more heavily to the result.
Range Sigma (σ_r): This parameter controls how much weight is applied based on the difference in price values. Larger price differences result in smaller weights, while similar price values result in larger weights, thereby preserving the trend while filtering out noise.
The output of this filter is a smoothed version of the original price series, which eliminates short-term fluctuations, helping traders focus on longer-term trends. The bilateral filter is applied over a rolling window, adjusting the level of smoothing dynamically based on both the distance between values and their relative price movements.
2. For Loop Calculation for Trend Scoring:
A for-loop is used to calculate the trend score based on the filtered price data. The loop compares the current value to previous values within the specified window, scoring the trend as follows:
+1 for upward movement (when the filtered value is greater than the previous value).
-1 for downward movement (when the filtered value is less than the previous value).
The cumulative result of this loop gives a continuous trend score, which serves as a directional indicator for the market's momentum. By summing the scores over the window period, the loop provides an aggregate value that reflects the overall trend strength. This score helps determine whether the market is experiencing a strong uptrend, downtrend, or sideways movement.
3. Long and Short Conditions:
Once the trend score has been calculated, it is compared against predefined threshold levels:
A long signal is generated when the trend score exceeds the upper threshold, indicating that the market is in a strong uptrend.
A short signal is generated when the trend score crosses below the lower threshold, signaling a potential downtrend or trend reversal.
These conditions provide clear signals for potential entry points, and the color-coding helps traders quickly identify market direction:
Long signals are displayed in green.
Short signals are displayed in red.
These signals are designed to provide high-confidence entries for trend-following strategies, helping traders capture profitable movements in the market.
4. Trend Background and Bar Coloring:
The script offers customizable visual settings to enhance the clarity of the trend signals. Traders can choose to:
Color the bars based on the trend direction: Bars are colored green for long signals and red for short signals.
Change the background color to provide additional context: The background will be shaded green for a bullish trend and red for a bearish trend. This visual feedback helps traders to stay aligned with the prevailing market sentiment.
These features offer a quick visual reference for understanding the market's direction, making it easier for traders to identify when to enter or exit positions.
5. Threshold Lines for Visual Feedback:
Threshold lines are plotted on the chart to represent the predefined long and short levels. These lines act as clear markers for when the market reaches a critical threshold, triggering a potential buy (long) or sell (short) signal. By showing these threshold lines on the chart, traders can quickly gauge the strength of the market and assess whether the trend is strong enough to warrant action.
These thresholds can be adjusted based on the trader's preferences, allowing them to fine-tune the indicator for different market conditions or asset behaviors.
6. Customizable Parameters for Flexibility:
The indicator offers several parameters that can be adjusted to suit individual trading preferences:
Window Period (Bilateral Filter): The window size determines how many past price values are used to calculate the bilateral filter. A larger window increases smoothing, while a smaller window results in more responsive, but noisier, data.
Spatial Sigma (σ_d) and Range Sigma (σ_r): These values control how sensitive the filter is to price changes and the distance between data points. Fine-tuning these parameters allows traders to adjust the degree of noise reduction applied to the price series.
Threshold Levels: The upper and lower thresholds determine when the trend score crosses into long or short territory. These levels can be customized to better match the trader's risk tolerance or asset characteristics.
Visual Settings: Traders can customize the appearance of the chart, including the line width of trend signals, bar colors, and background shading, to make the indicator more readable and aligned with their charting style.
7. Alerts for Trend Reversals:
The indicator includes alert conditions for real-time notifications when the market crosses the defined thresholds. Traders can set alerts to be notified when:
The trend score crosses the long threshold, signaling an uptrend.
The trend score crosses the short threshold, signaling a downtrend.
These alerts provide timely information, allowing traders to take immediate action when the market shows a significant change in direction.
Final Thoughts
The Bilateral Filter For Loop indicator is a robust tool for trend-following traders who wish to reduce market noise and focus on the underlying trend. By applying the bilateral filter and calculating trend scores, this indicator helps traders identify strong uptrends and downtrends, providing reliable entry signals with minimal market noise. The customizable parameters, visual feedback, and alerting system make it a versatile tool for traders seeking to improve their timing and capture profitable market movements.
Thus following all of the key points here are some sample backtests on the 1D Chart
Disclaimer: Backtests are based off past results, and are not indicative of the future.
INDEX:BTCUSD
INDEX:ETHUSD
CRYPTO:SOLUSD
DCA Investment Tracker Pro [tradeviZion]DCA Investment Tracker Pro: Educational DCA Analysis Tool
An educational indicator that helps analyze Dollar-Cost Averaging strategies by comparing actual performance with historical data calculations.
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💡 Why I Created This Indicator
As someone who practices Dollar-Cost Averaging, I was frustrated with constantly switching between spreadsheets, calculators, and charts just to understand how my investments were really performing. I wanted to see everything in one place - my actual performance, what I should expect based on historical data, and most importantly, visualize where my strategy could take me over the long term .
What really motivated me was watching friends and family underestimate the incredible power of consistent investing. When Napoleon Bonaparte first learned about compound interest, he reportedly exclaimed "I wonder it has not swallowed the world" - and he was right! Yet most people can't visualize how their $500 monthly contributions today could become substantial wealth decades later.
Traditional DCA tracking tools exist, but they share similar limitations:
Require manual data entry and complex spreadsheets
Use fixed assumptions that don't reflect real market behavior
Can't show future projections overlaid on actual price charts
Lose the visual context of what's happening in the market
Make compound growth feel abstract rather than tangible
I wanted to create something different - a tool that automatically analyzes real market history, detects volatility periods, and shows you both current performance AND educational projections based on historical patterns right on your TradingView charts. As Warren Buffett said: "Someone's sitting in the shade today because someone planted a tree a long time ago." This tool helps you visualize your financial tree growing over time.
This isn't just another calculator - it's a visualization tool that makes the magic of compound growth impossible to ignore.
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🎯 What This Indicator Does
This educational indicator provides DCA analysis tools. Users can input investment scenarios to study:
Theoretical Performance: Educational calculations based on historical return data
Comparative Analysis: Study differences between actual and theoretical scenarios
Historical Projections: Theoretical projections for educational analysis (not predictions)
Performance Metrics: CAGR, ROI, and other analytical metrics for study
Historical Analysis: Calculates historical return data for reference purposes
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🚀 Key Features
Volatility-Adjusted Historical Return Calculation
Analyzes 3-20 years of actual price data for any symbol
Automatically detects high-volatility stocks (meme stocks, growth stocks)
Uses median returns for volatile stocks, standard CAGR for stable stocks
Provides conservative estimates when extreme outlier years are detected
Smart fallback to manual percentages when data insufficient
Customizable Performance Dashboard
Educational DCA performance analysis with compound growth calculations
Customizable table sizing (Tiny to Huge text options)
9 positioning options (Top/Middle/Bottom + Left/Center/Right)
Theme-adaptive colors (automatically adjusts to dark/light mode)
Multiple display layout options
Future Projection System
Visual future growth projections
Timeframe-aware calculations (Daily/Weekly/Monthly charts)
1-30 year projection options
Shows projected portfolio value and total investment amounts
Investment Insights
Performance vs benchmark comparison
ROI from initial investment tracking
Monthly average return analysis
Investment milestone alerts (25%, 50%, 100% gains)
Contribution tracking and next milestone indicators
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📊 Step-by-Step Setup Guide
1. Investment Settings 💰
Initial Investment: Enter your starting lump sum (e.g., $60,000)
Monthly Contribution: Set your regular DCA amount (e.g., $500/month)
Return Calculation: Choose "Auto (Stock History)" for real data or "Manual" for fixed %
Historical Period: Select 3-20 years for auto calculations (default: 10 years)
Start Year: When you began investing (e.g., 2020)
Current Portfolio Value: Your actual portfolio worth today (e.g., $150,000)
2. Display Settings 📊
Table Sizes: Choose from Tiny, Small, Normal, Large, or Huge
Table Positions: 9 options - Top/Middle/Bottom + Left/Center/Right
Visibility Toggles: Show/hide Main Table and Stats Table independently
3. Future Projection 🔮
Enable Projections: Toggle on to see future growth visualization
Projection Years: Set 1-30 years ahead for analysis
Live Example - NASDAQ:META Analysis:
Settings shown: $60K initial + $500/month + Auto calculation + 10-year history + 2020 start + $150K current value
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🔬 Pine Script Code Examples
Core DCA Calculations:
// Calculate total invested over time
months_elapsed = (year - start_year) * 12 + month - 1
total_invested = initial_investment + (monthly_contribution * months_elapsed)
// Compound growth formula for initial investment
theoretical_initial_growth = initial_investment * math.pow(1 + annual_return, years_elapsed)
// Future Value of Annuity for monthly contributions
monthly_rate = annual_return / 12
fv_contributions = monthly_contribution * ((math.pow(1 + monthly_rate, months_elapsed) - 1) / monthly_rate)
// Total expected value
theoretical_total = theoretical_initial_growth + fv_contributions
Volatility Detection Logic:
// Detect extreme years for volatility adjustment
extreme_years = 0
for i = 1 to historical_years
yearly_return = ((price_current / price_i_years_ago) - 1) * 100
if yearly_return > 100 or yearly_return < -50
extreme_years += 1
// Use median approach for high volatility stocks
high_volatility = (extreme_years / historical_years) > 0.2
calculated_return = high_volatility ? median_of_returns : standard_cagr
Performance Metrics:
// Calculate key performance indicators
absolute_gain = actual_value - total_invested
total_return_pct = (absolute_gain / total_invested) * 100
roi_initial = ((actual_value - initial_investment) / initial_investment) * 100
cagr = (math.pow(actual_value / initial_investment, 1 / years_elapsed) - 1) * 100
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📊 Real-World Examples
See the indicator in action across different investment types:
Stable Index Investments:
AMEX:SPY (SPDR S&P 500) - Shows steady compound growth with standard CAGR calculations
Classic DCA success story: $60K initial + $500/month starting 2020. The indicator shows SPY's historical 10%+ returns, demonstrating how consistent broad market investing builds wealth over time. Notice the smooth theoretical growth line vs actual performance tracking.
MIL:VUAA (Vanguard S&P 500 UCITS) - Shows both data limitation and solution approaches
Data limitation example: VUAA shows "Manual (Auto Failed)" and "No Data" when default 10-year historical setting exceeds available data. The indicator gracefully falls back to manual percentage input while maintaining all DCA calculations and projections.
MIL:VUAA (Vanguard S&P 500 UCITS) - European ETF with successful 5-year auto calculation
Solution demonstration: By adjusting historical period to 5 years (matching available data), VUAA auto calculation works perfectly. Shows how users can optimize settings for newer assets. European market exposure with EUR denomination, demonstrating DCA effectiveness across different markets and currencies.
NYSE:BRK.B (Berkshire Hathaway) - Quality value investment with Warren Buffett's proven track record
Value investing approach: Berkshire Hathaway's legendary performance through DCA lens. The indicator demonstrates how quality companies compound wealth over decades. Lower volatility than tech stocks = standard CAGR calculations used.
High-Volatility Growth Stocks:
NASDAQ:NVDA (NVIDIA Corporation) - Demonstrates volatility-adjusted calculations for extreme price swings
High-volatility example: NVIDIA's explosive AI boom creates extreme years that trigger volatility detection. The indicator automatically switches to "Median (High Vol): 50%" calculations for conservative projections, protecting against unrealistic future estimates based on outlier performance periods.
NASDAQ:TSLA (Tesla) - Shows how 10-year analysis can stabilize volatile tech stocks
Stable long-term growth: Despite Tesla's reputation for volatility, the 10-year historical analysis (34.8% CAGR) shows consistent enough performance that volatility detection doesn't trigger. Demonstrates how longer timeframes can smooth out extreme periods for more reliable projections.
NASDAQ:META (Meta Platforms) - Shows stable tech stock analysis using standard CAGR calculations
Tech stock with stable growth: Despite being a tech stock and experiencing the 2022 crash, META's 10-year history shows consistent enough performance (23.98% CAGR) that volatility detection doesn't trigger. The indicator uses standard CAGR calculations, demonstrating how not all tech stocks require conservative median adjustments.
Notice how the indicator automatically detects high-volatility periods and switches to median-based calculations for more conservative projections, while stable investments use standard CAGR methods.
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📈 Performance Metrics Explained
Current Portfolio Value: Your actual investment worth today
Expected Value: What you should have based on historical returns (Auto) or your target return (Manual)
Total Invested: Your actual money invested (initial + all monthly contributions)
Total Gains/Loss: Absolute dollar difference between current value and total invested
Total Return %: Percentage gain/loss on your total invested amount
ROI from Initial Investment: How your starting lump sum has performed
CAGR: Compound Annual Growth Rate of your initial investment (Note: This shows initial investment performance, not full DCA strategy)
vs Benchmark: How you're performing compared to the expected returns
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⚠️ Important Notes & Limitations
Data Requirements: Auto mode requires sufficient historical data (minimum 3 years recommended)
CAGR Limitation: CAGR calculation is based on initial investment growth only, not the complete DCA strategy
Projection Accuracy: Future projections are theoretical and based on historical returns - actual results may vary
Timeframe Support: Works ONLY on Daily (1D), Weekly (1W), and Monthly (1M) charts - no other timeframes supported
Update Frequency: Update "Current Portfolio Value" regularly for accurate tracking
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📚 Educational Use & Disclaimer
This analysis tool can be applied to various stock and ETF charts for educational study of DCA mathematical concepts and historical performance patterns.
Study Examples: Can be used with symbols like AMEX:SPY , NASDAQ:QQQ , AMEX:VTI , NASDAQ:AAPL , NASDAQ:MSFT , NASDAQ:GOOGL , NASDAQ:AMZN , NASDAQ:TSLA , NASDAQ:NVDA for learning purposes.
EDUCATIONAL DISCLAIMER: This indicator is a study tool for analyzing Dollar-Cost Averaging strategies. It does not provide investment advice, trading signals, or guarantees. All calculations are theoretical examples for educational purposes only. Past performance does not predict future results. Users should conduct their own research and consult qualified financial professionals before making any investment decisions.
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© 2025 TradeVizion. All rights reserved.
Session Status Table📌 Session Status Table
Session Status Table is an indicator that displays the real-time status of the four major trading sessions:
* 🇯🇵 Asia (Tokyo)
* 🇬🇧 London
* 🇺🇸 New York AM
* 🇺🇸 New York PM
It shows which sessions are currently open, how much time remains until they open or close, and optionally sends alerts in advance.
🧩 Features:
* Real-time session table — shows the status of each session on the chart.
* Color-coded statuses:
* 🟢 Green – Session is open
* 🔴 Red – Session is closed
* ⚪ Gray – Weekend
* Countdown timers until session open or close.
* User alerts — receive a notification a custom number of minutes before a session starts.
⚙️ Customization:
* Table position — fully configurable.
* Session colors — customizable for open, closed, and weekend states.
* Session labels — customizable with icons.
* Notifications:
* Enabled through TradingView's Alerts panel.
* User-defined lead time before session opens.
🕒 Time Zones:
All times are calculated in UTC to ensure consistency across different markets and regions, avoiding discrepancies from time zones and daylight saving time.
🚨 How to enable alerts:
1. Open the "Alerts" panel in TradingView.
2. Click "Create Alert".
3. In the condition dropdown, choose "Session Status Table".
4. Set to any alert() trigger.
5. Save — you'll be notified a set number of minutes before each session begins.
ℹ️ Technical Notes:
* Built with Pine Script version 6.
* Logically divided into clear sections: inputs, session calculations, table rendering, and alerts.
* Optimized for performance and reliability on all timeframes.
Ideal for traders who use session activity in their strategies — especially in Forex, crypto, and futures markets.
Money Risk Management with Trade Tracking
Overview
The Money Risk Management with Trade Tracking indicator is a powerful tool designed for traders on TradingView to simplify trade simulation and risk management. Unlike the TradingView Strategy Tester, which can be complex for beginners, this indicator provides an intuitive, beginner-friendly interface to evaluate trading strategies in a realistic manner, mirroring real-world trading conditions.
Built on the foundation of open-source contributions from LuxAlgo and TCP, this indicator integrates external indicator signals, overlays take-profit (TP) and stop-loss (SL) levels, and provides detailed money management analytics. It empowers traders to visualize potential profits, losses, and risk-reward ratios, making it easier to understand the financial outcomes of their strategies.
Key Features
Signal Integration: Seamlessly integrates with external long and short signals from other indicators, allowing traders to overlay TP/SL levels based on their preferred strategies.
Realistic Trade Simulation: Simulates trades as they would occur in real-world scenarios, accounting for initial capital, risk percentage, leverage, and compounding effects.
Money Management Dashboard: Displays critical metrics such as current capital, unrealized P&L, risk amount, potential profit, risk-reward ratio, and trade status in a customizable, beginner-friendly table.
TP/SL Visualization: Plots TP and SL levels on the chart with customizable styles (solid, dashed, dotted) and colors, along with optional labels for clarity.
Performance Tracking: Tracks total trades, win/loss counts, win rate, and profit factor, providing a clear overview of strategy performance.
Liquidation Risk Alerts: Warns traders if stop-loss levels risk liquidation based on leverage settings, enhancing risk awareness.
Benefits for Traders
Beginner-Friendly: Simplifies the complexities of the TradingView Strategy Tester, offering an intuitive interface for new traders to simulate and evaluate trades without confusion.
Real-World Insights: Helps traders understand the actual profit or loss potential of their strategies by factoring in capital, risk, and leverage, bridging the gap between theoretical backtesting and real-world execution.
Enhanced Decision-Making: Provides clear, real-time analytics on risk-reward ratios, unrealized P&L, and trade performance, enabling informed trading decisions.
Customizable and Flexible: Allows customization of TP/SL settings, table positions, colors, and sizes, catering to individual trader preferences.
Risk Management Focus: Encourages disciplined trading by highlighting risk amounts, potential profits, and liquidation risks, fostering better financial planning.
Why This Indicator Stands Out
Many traders struggle to translate backtested strategy results into real-world outcomes due to the abstract nature of percentage-based profitability metrics. This indicator addresses that challenge by providing a practical, user-friendly tool that simulates trades with real-world parameters like capital, leverage, and compounding. Its open-source nature ensures accessibility, while its integration with other indicators makes it versatile for various trading styles.
How to Use
Add to TradingView: Copy the Pine Script code into TradingView’s Pine Editor and add it to your chart.
Configure Inputs: Set your initial capital, risk percentage, leverage, and TP/SL values in the indicator settings. Select external long/short signal sources if integrating with other indicators.
Monitor Dashboards: Use the Money Management and Target Dashboard tables to track trade performance and risk metrics in real time.
Analyze Results: Review win rates, profit factors, and P&L to refine your trading strategy.
Credits
This indicator builds upon the open-source contributions of LuxAlgo and TCP , whose efforts in sharing their code have made this tool possible. Their dedication to the trading community is deeply appreciated.
PLR-Z For Loop🧠 Overview
PLR-Z For Loop is a trend-following indicator built on the Power Law Residual Z-score model of Bitcoin price behavior. By measuring how far price deviates from a long-term power law regression and applying a custom scoring loop, this tool identifies consistent directional pressure in market structure. Designed for BTC, this indicator helps traders align with macro trends.
🧩 Key Features
Power Law Residual Model: Tracks deviations of BTC price from its long-term logarithmic growth curve.
Z-Score Normalization: Applies long-horizon statistical normalization (400/1460 bars) to smooth residual deviations into a usable trend signal.
Loop-Based Trend Filter: Iteratively scores how often the current Z-score exceeds prior values, emphasizing trend persistence over volatility.
Optional Smoothing: Toggleable exponential smoothing helps filter noise in choppier market conditions.
Directional Regime Coloring: Aqua (bullish) and Red (bearish) visuals reinforce trend alignment across plots and candles.
🔍 How It Works
Power Law Curve: Price is compared against a logarithmic regression model fitted to historical BTC price evolution (starting July 2010), defining structural support, resistance, and centerline levels.
Residual Z-Score: The residual is calculated as the log-difference between price and the power law center.
This residual is then normalized using a rolling mean (400 days) and standard deviation (1460 days) to create a long-term Z-score.
Loop Scoring Logic:
A loop compares the current Z-score to a configurable number of past bars.
Each higher comparison adds +1, and each lower one subtracts -1.
The result is a trend persistence score (z_loop) that grows with consistent directional momentum.
Smoothing Option: A user-defined EMA smooths the score, if enabled, to reduce short-term signal noise.
Signal Logic:
Long signal when trend score exceeds long_threshold.
Short signal when score drops below short_threshold.
Directional State (CD): Internally manages the current market regime (1 = long, -1 = short), controlling all visual output.
🔁 Use Cases & Applications
Macro Trend Alignment: Ideal for traders and analysts tracking Bitcoin’s structural momentum over long timeframes.
Trend Persistence Filter: Helps confirm whether the current move is part of a sustained trend or short-lived volatility.
Best Suited for BTC: Built specifically on the BNC BLX price history and Bitcoin’s power law behavior. Not designed for use with other assets.
✅ Conclusion
PLR-Z For Loop reframes Bitcoin’s long-term power law model into a trend-following tool by scoring the persistence of deviations above or below fair value. It shifts the focus from valuation-based mean reversion to directional momentum, making it a valuable signal for traders seeking high-conviction participation in BTC’s broader market cycles.
⚠️ Disclaimer
The content provided by this indicator is for educational and informational purposes only. Nothing herein constitutes financial or investment advice. Trading and investing involve risk, including the potential loss of capital. Always backtest and apply risk management suited to your strategy.
Last Week's APM & Daily % Move(Corrected)Last Week's Average Price Movement + Daily Percentage Move (based on NY time)
This indicator accurately displays last week's Average Pip Movement (APM) consistently across all timeframes and tracks the true daily percentage move relative to that APM in a clear table in the top-right corner.
Key Features:
-Consistent Last Week's APM: Calculates the average pip movement from Monday to Friday of the previous trading week (based on daily wick-to-wick ranges, divided by 5). This APM value is now stable and the same across all chart timeframes.
-Accurate Live Daily % Move: Tracks the maximum percentage the price has moved (either up or down) since the 5 PM New York time daily open, compared to last week's APM. The percentage holds the maximum value reached during the day and resets at the next 5 PM NY open.
-NY Time Alignment: All time-based calculations are aligned with the New York time zone
Pip Adjustment: Automatically adjusts for JPY pairs.
⚠️ Important: For the intended display and relevance of the daily percentage move, this indicator is best used on timeframes 4-hour and under. On Daily and Weekly timeframes, the APM display will show a message indicating this.
We hope this indicator enhances your trading analysis.
Daily ADR TableDaily ADR Table Indicator
The Daily Average Daily Range (ADR) Table displays real-time volatility statistics directly on your chart. It shows both the current day's range and the historical average daily range as percentages of the current price, providing essential volatility metrics for trading decisions.
The indicator tracks today's range in real-time throughout the trading session using session-based calculations to ensure accuracy. It compares this against a customizable historical average (default 20 days, adjustable from 1-500 days) to help traders assess whether current volatility is above or below normal levels.
All values are displayed as percentages for easy comparison across different price levels and formatted to two decimal places for precision. The table position, text size, alignment, and colors are fully customizable with nine position options and professional default styling optimized for readability.
This indicator is valuable for day traders, swing traders, and market analysts who need to quickly assess current market volatility relative to historical norms. It assists in position sizing decisions, setting stop losses, and identifying potential breakout or consolidation scenarios based on range expansion or contraction.
ATR-InfoWHAT IT SHOWS
- ATR (): Average True Range of the chosen timeframe, printed with the instrument’s native tick precision (format.mintick).
- ATR % PRICE: ATR divided by the latest close, multiplied by 100 – the range as a percentage of current price.
- LEN / TF: The ATR length and timeframe you selected (shown in small print).
INPUTS
- ATR Length (default 14)
- ATR Timeframe (for example 60, D, W)
- Design settings: table position, font size, colours, border
EXAMPLES
BTC-USD: price 67 800, ATR 2 450, ATR % 3.6
NQ E-Mini: price 18 230, ATR 355, ATR % 1.9
CL WTI: price 76.40, ATR 2.10, ATR % 2.8
EUR-USD: price 1.0860, ATR 0.0075, ATR % 0.69
USE CASES
Volatility-adjusted stops: place your stop roughly one ATR beyond the entry price.
Position sizing: money at risk divided by ATR gives the number of contracts or coins.
Market selection: trade assets only when their ATR % sits in your preferred range.
Strategy filter: trigger entries or exits only when ATR % crosses a chosen threshold.
LIMITS
ATR is descriptive; it does not predict future moves.
Illiquid symbols may show exaggerated ATR spikes.
ATR % ignores differing session lengths (24/7 crypto versus exchange-traded hours).
WLSMA: fast approximation🙏🏻 Sup TV & @alexgrover
O(N) algocomplexity, just one loop inside. No, you can't do O(1) @ updates in moving window mode, only expanding window will allow that.
Now I have time series & stats models of my own creation, nowhere else available, just TV and my github for now, ain’t no legacy academic industry I always have fun about, but back in 2k20 when I consciously ain’t known much about quant, I remember seeing post by @alexgrover recreating Moving Regression Endpoint dropped on price chart (called LSMA here) as a linear filter combination of filters (yea yeah DSP terms) as 3WMA - 2SMA. Now it’s my time to do smth alike aye?
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This script is remake of my 1st degree WLSMA via linear filter combo. It’s much faster, we aint calculate moving regression per se, we just match its freq response. You can see it on the screen (WLSMAfa) almost perfectly matching the original one (WLSMA).
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While humans like to overfit, I fw generalizations. So your lovely WMA is actually just one case of a more general weight pattern: pow(len - i, e), where pow is the power function and e is the exponent itself. So:
- If e = 0, then we have SMA (every number in 0th power is one)
- If e = 1, we get WMA
- If e = 2, we get quadratic weights.
We can recreate WLSMA freq response then by combining 2 filters with e = 1 and e = 2.
This is still an approximation, even tho enormously precise for the tasks you’ve shared with me. Due to the non-linear nature of the thing it’s all we can do, and as window size grows, even this small discrepancy converges with true WLSMA value, so we’re all good. Pls don’t try to model this 0.00xxxx discrepancy, it’s not natural.
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DSP approach is unnatural for prices, but you can put this thing on volume delta and be happy, or on other metrics of yours, if for some reason u dont wanna estimate thresholds by fitting a distro.
All good TV
∞
P.S.: strangely, the first script made & dropped in the location in Saint P where my actual quant way has started ~5 years ago xD, very thankful
