Smarter Money Concepts - OBs [PhenLabs]📊 Smarter Money Concepts - OBs
Version: PineScript™ v6
📌 Description
Smarter Money Concepts - OBs (Order Blocks) is an advanced technical analysis tool designed to identify and visualize institutional order zones on your charts. Order blocks represent significant areas of liquidity where smart money has entered positions before major moves. By tracking these zones, traders can anticipate potential reversals, continuations, and key reaction points in price action.
This indicator incorporates volume filtering technology to identify only the most significant order blocks, eliminating low-quality signals and focusing on areas where institutional participation is likely present. The combination of price structure analysis and volume confirmation provides traders with high-probability zones that may attract future price action for tests, rejections, or breakouts.
🚀 Points of Innovation
Volume-Filtered Block Detection : Identifies only order blocks formed with significant volume, focusing on areas with institutional participation
Advanced Break of Structure Logic : Uses sophisticated price action analysis to detect legitimate market structure breaks preceding order blocks
Dynamic Block Management : Intelligently tracks, extends, and removes order blocks based on price interaction and time-based expiration
Structure Recognition System : Employs technical analysis algorithms to find significant swing points for accurate order block identification
Dual Directional Tracking : Simultaneously monitors both bullish and bearish order blocks for comprehensive market structure analysis
🔧 Core Components
Order Block Detection : Identifies institutional entry zones by analyzing price action before significant breaks of structure, capturing where smart money has likely positioned before moves.
Volume Filtering Algorithm : Calculates relative volume compared to a moving average to qualify only order blocks formed with significant market participation, eliminating noise.
Structure Break Recognition : Uses price action analysis to detect legitimate breaks of market structure, ensuring order blocks are identified only at significant market turning points.
Dynamic Block Management : Continuously monitors price interaction with existing blocks, extending, maintaining, or removing them based on current market behavior.
🔥 Key Features
Volume-Based Filtering : Filter out insignificant blocks by requiring a minimum volume threshold, focusing only on zones with likely institutional activity
Visual Block Highlighting : Color-coded boxes clearly mark bullish and bearish order blocks with customizable appearance
Flexible Mitigation Options : Choose between “Wick” or “Close” methods for determining when a block has been tested or mitigated
Scan Range Adjustment : Customize how far back the indicator looks for structure points to adapt to different market conditions and timeframes
Break Source Selection : Configure which price component (close, open, high, low) is used to determine structure breaks for precise block identification
🎨 Visualization
Bullish Order Blocks : Blue-colored rectangles highlighting zones where bullish institutional orders were likely placed before upward moves, representing potential support areas.
Bearish Order Blocks : Red-colored rectangles highlighting zones where bearish institutional orders were likely placed before downward moves, representing potential resistance areas.
Block Extension : Order blocks extend to the right of the chart, providing clear visualization of these significant zones as price continues to develop.
📖 Usage Guidelines
Order Block Settings
Scan Range : Default: 25. Defines how many bars the indicator scans to determine significant structure points for order block identification.
Bull Break Price Source : Default: Close. Determines which price component is used to detect bullish breaks of structure.
Bear Break Price Source : Default: Close. Determines which price component is used to detect bearish breaks of structure.
Visual Settings
Bullish Blocks Color : Default: Blue with 85% transparency. Controls the appearance of bullish order blocks.
Bearish Blocks Color : Default: Red with 85% transparency. Controls the appearance of bearish order blocks.
General Options
Block Mitigation Method : Default: Wick, Options: Wick, Close. Determines how block mitigation is calculated - “Wick” uses high/low values while “Close” uses close values for more conservative mitigation criteria.
Remove Filled Blocks : Default: Disabled. When enabled, order blocks are removed once they’ve been mitigated by price action.
Volume Filter
Volume Filter Enabled : Default: Enabled. When activated, only shows order blocks formed with significant volume relative to recent average.
Volume SMA Period : Default: 15, Range: 1-50. Number of periods used to calculate the average volume baseline.
Min. Volume Ratio : Default: 1.5, Range: 0.5-10.0. Minimum volume ratio compared to average required to display an order block; higher values filter out more blocks.
✅ Best Use Cases
Identifying high-probability support and resistance zones for trade entries and exits
Finding optimal stop-loss placement behind significant order blocks
Detecting potential reversal areas where price may react after extended moves
Confirming breakout trades when price clears major order blocks
Building a comprehensive market structure map for medium to long-term trading decisions
Pinpointing areas where smart money may have positioned before major market moves
⚠️ Limitations
Most effective on higher timeframes (1H and above) where institutional activity is more clearly defined
Can generate multiple signals in choppy market conditions, requiring additional filtering
Volume filtering relies on accurate volume data, which may be less reliable for some securities
Recent market structure changes may invalidate older order blocks not yet automatically removed
Block identification is based on historical price action and may not predict future behavior with certainty
💡 What Makes This Unique
Volume Intelligence : Unlike basic order block indicators, this script incorporates volume analysis to identify only the most significant institutional zones, focusing on quality over quantity.
Structural Precision : Uses sophisticated break of structure algorithms to identify true market turning points, going beyond simple price pattern recognition.
Dynamic Block Management : Implements automatic block tracking, extension, and cleanup to maintain a clean and relevant chart display without manual intervention.
Institutional Focus : Designed specifically to highlight areas where smart money has likely positioned, helping retail traders align with institutional perspectives rather than retail noise.
🔬 How It Works
1. Structure Identification Process :
The indicator continuously scans price action to identify significant swing points and structure levels within the specified range, establishing a foundation for order block recognition.
2. Break Detection :
When price breaks an established structure level (crossing below a significant low for bearish breaks or above a significant high for bullish breaks), the indicator marks this as a potential zone for order block formation.
3. Volume Qualification :
For each potential order block, the algorithm calculates the relative volume compared to the configured period average. Only blocks formed with volume exceeding the minimum ratio threshold are displayed.
4. Block Creation and Management :
Valid order blocks are created, tracked, and managed as price continues to develop. Blocks extend to the right of the chart until they are either mitigated by price action or expire after the designated timeframe.
5. Continuous Monitoring :
The indicator constantly evaluates price interaction with existing blocks, determining when blocks have been tested, mitigated, or invalidated, and updates the visual representation accordingly.
💡 Note:
Order Blocks represent areas where institutional traders have likely established positions and may defend these zones during future price visits. For optimal results, use this indicator in conjunction with other confluent factors such as key support/resistance levels, trendlines, or additional confirmation indicators. The most reliable signals typically occur on higher timeframes where institutional activity is most prominent. Start with the default settings and adjust parameters gradually to match your specific trading instrument and style.
Hacim
FordOverview
The "Ford Trading Assistant" is an indicator crafted to support traders during the fast-paced New York trading session. This tool overlays a customizable table on your chart, delivering real-time insights from key market internals—NYSE and Nasdaq Advance/Decline (A/D), Volume Difference (VOLD), and TICK—alongside a unique Trend Score and actionable trading instructions. Its innovative design blends multiple data points into a cohesive market analysis tool, offering visual clarity and contextual guidance to help traders navigate intraday momentum shifts.
Purpose and Usefulness
Unlike typical price-based indicators, the Ford Trading Assistant taps into broad market internals to reveal underlying sentiment and momentum, making it an essential companion for intraday trading in the New York session for ETFs such as SPY/QQQ/IWM and Futures Markets(ES/NQ/RTY). It’s ideal for scalpers, day traders, and swing traders looking to confirm trend strength, spot potential reversals, or avoid choppy conditions. The indicator’s dual-table interface—one for data and signals, another for instructions—provides a streamlined way to assess current market dynamics and anticipate what’s ahead, enhancing decision-making in real time.
How It Works
The indicator pulls live data from six critical market internals using a 1-second timeframe:
NYSE Advance/Decline (A/D) - Tracks the balance of advancing versus declining NYSE stocks.
Nasdaq Advance/Decline (A/D) - Monitors the same for Nasdaq stocks.
NYSE VOLD - Measures the net volume difference between buying and selling on the NYSE.
Nasdaq VOLD - Captures the equivalent for Nasdaq.
NYSE TICK - Gauges the net number of NYSE stocks ticking up versus down.
Nasdaq TICK - Reflects the same for Nasdaq.
These internals are analyzed to determine their trend state (e.g., bullish, bearish, or neutral), displayed with color-coded backgrounds and emojis for instant recognition. The indicator then:
Assesses Trend Conditions: Evaluates the alignment of internals to identify varying degrees of bullish or bearish momentum, reflected in bar colors on the chart.
Calculates a Trend Score: Combines the strength of all internals into a single, proprietary metric that summarizes market direction and intensity.
Generates Signals: Detects changing states in market internals like reversals, acceleration, exhaustion, divergence, breakouts, and mean reversion, presented with directional cues and timestamps.
A separate instruction panel interprets these conditions, delivering guidance tailored to the market’s current state—whether it’s trending strongly, leaning one way, or stuck in divergence—helping traders understand the auction’s behavior and adjust their approach.
Internal Signals and Their Role
Each internal signal plays a distinct role in confirming the market’s current state and the conditions you’re trading into:
NYSE and Nasdaq A/D: Reflects market breadth. Strong positive readings indicate widespread buying interest, while negative readings suggest broad selling pressure, helping confirm if a move has solid participation.
NYSE and Nasdaq VOLD: Tracks volume momentum. High positive values signal aggressive buying, while deep negatives point to heavy selling, validating whether price action is supported by volume.
NYSE and Nasdaq TICK: Captures short-term sentiment. Extreme values highlight overbought or oversold conditions, offering clues about potential continuation or exhaustion.
How Signals Confirm Conditions
Trend Score: A positive score suggests bullish control, a negative score indicates bearish control, and a neutral score points to indecision. It acts as a quick gauge of overall market health with a low score of -24 and a max score of +24 with calculations based on overall internal conditions.
Reversal: Warns of potential trend shifts, triggered by significant changes in momentum or conflicting internals. Useful for exiting trends or preparing for counter-moves.
Acceleration: Highlights strengthening momentum, confirming conditions for trading a trend with confidence.
Exhaustion: Flags overextended moves, signaling fading momentum—ideal for profit-taking or fading trades.
Divergence: Indicates a disconnect between price and internals, cautioning against chasing moves that lack internal support.
Breakout: Identifies sharp momentum surges, confirming conditions for high-probability breakout trades.
Mean Reversion: Signals a pullback from extremes, suggesting a return to balance for range-bound strategies.
How to Use It
Add to Chart: Apply the indicator to any symbol (e.g., SPY, QQQ) on a 1-second or higher timeframe. It displays an "Internals Table" (default bottom right) and an "Instructions" panel (top right).
Track Internals: Watch the table for real-time data, trend states, and the Trend Score. The Bar colors also reflect the strength of bullish or bearish conditions.
Read Instructions: Use the instruction panel to understand the market’s state—e.g., "Trending Bullish" suggesting buying conditions, while "Diverging" would suggests caution.
Leverage Signals: Act on signals like "Breakout" or "Exhaustion" to enter new trades, exit old trades, manage current trades or continue to remain sidelined. Adjust table settings (position, size, colors) via inputs.
Pair with Price: Combine with your favorite price tools (e.g., support/resistance) to align internals with chart setups.
Customization
Modify the lookback period (default 100 bars), table orientation (vertical/horizontal), text size, colors, and transparency to fit your workflow.
Limitations
Requires real-time NYSE/Nasdaq data, which may depend on your TradingView plan.
Signals reflect current conditions, not future predictions, and may lag in extreme volatility.
Best used alongside price analysis for a complete trading strategy.
Requires a TradingView Subscription that supports the 1s Time Frame
Why It’s Original
The Ford Trading Assistant stands apart by integrating NYSE and Nasdaq internals into a unified, trader-friendly tool with a custom Trend Score and dynamic instructions. Rather than simply mashing up existing indicators, it offers a fresh approach to interpreting market momentum, enhanced by real-time signal detection and actionable guidance—making it a standout assistant for the New York session.
RSI + SMA Strategy (Second Touch Confirmation + Volume Filter)RSI + SMA Strategy (Second Touch Confirmation + Volume Filter)
👉 Optimized for the 3-minute timeframe
This indicator combines the power of the RSI (Relative Strength Index) and its SMA (Simple Moving Average) to generate highly reliable BUY and SELL signals. The strategy is designed to confirm signals only on the second consecutive touch of the overbought (70) and oversold (30) thresholds, reducing false signals caused by sudden market movements. Additionally, it includes a dynamic volume filter, ensuring that signals are generated only during periods of high liquidity.
Key Features
Second Touch RSI:
BUY and SELL signals are generated only after the RSI reaches the overbought/oversold threshold for the second consecutive time, improving accuracy.
Volume Filter:
Signals are confirmed only if the current volume exceeds the 20-period moving average multiplied by a configurable value (volume_multiplier), filtering out low-liquidity moments.
Optimized for Short Timeframes:
Perfect for the 3-minute timeframe, ideal for scalping and intraday trading strategies.
Customizable Parameters:
Adjustable settings for RSI, SMA, overbought/oversold thresholds, and volume filter, making it adaptable to various markets and conditions.
How to Use It
BUY Signal: When RSI touches the oversold threshold (30) for the second consecutive time and crosses above its SMA, with volume higher than average.
SELL Signal: When RSI touches the overbought threshold (70) for the second consecutive time and crosses below its SMA, with volume higher than average.
Upcoming Developments
📢 We will soon release our private strategy!
This strategy will be based on advanced logic and optimized to achieve even more consistent results in volatile markets like cryptocurrencies. Stay tuned for more details!
Disclaimer
This indicator is designed to support decision-making in trading. We recommend testing it on a demo account before using it in live trading. Remember that trading involves risks and does not guarantee profits.
Max Price Range DeviationThis indicator measures how far a stock has moved in recent days relative to its typical movement over a longer period.
🧠 What it does:
Calculates the absolute price range (highest high − lowest low) over a recent number of days.
Compares this recent range to the average max range from rolling windows of the same size over a longer lookback period.
Plots:
✅ Recent Range (blue line)
✅ Average Historical Range (orange line)
✅ Ratio of Recent to Average (green line)
Highlights when recent movement is significantly higher than normal using a configurable threshold.
⚙️ Inputs:
Recent Period (days): Number of days to calculate the current price move.
Lookback Period (days): Number of days used to calculate the average historical range.
High Move Threshold (x avg): If the recent move exceeds this multiple of average, it's flagged.
🛠️ Use Cases:
Spot unusually large price swings.
Identify good opportunities to sell out-of-the-money options (e.g., covered calls or credit spreads) when moves are extended.
Avoid chasing late-stage breakouts.
RSI-Volume Momentum Signal ScoreRSI-Volume Momentum Signal Score
Description
The RSI-Volume Momentum Signal Score is a predictive technical indicator designed to identify bullish and bearish momentum shifts by combining volume-based momentum with the Relative Strength Index (RSI). It generates a Signal Score derived from:
• The divergence between short-term and long-term volume (Volume Oscillator), and
• RSI positioning relative to a user-defined threshold.
This hybrid approach helps traders detect early signs of price movement based on volume surges and overbought/oversold conditions.
The Signal Score is computed as follows:
Signal Score = Volume Momentum x RSI Divergence Factor
Volume Momentum = tanh ((Volume Oscillator value (vo) – Volume Threshold)/Scaling Factor)
RSI Divergence Factor = ((RSI Threshold – RSI Period)/Scaling Factor)
Or,
Signal Score = tanh((vo - voThreshold) / scalingFactor) * ((rsiThreshold - rsi) / scalingFactor)
The logic of this formula are as follows:
• If Volume Oscillator >= Volume Threshold and RSI <= RSI Threshold: Bullish Signal (+1 x Scaling Factor)
• If Volume Oscillator >= Volume Threshold and RSI >= (100 – RSI Threshold): Bearish Signal (-1 x Scaling Factor)
• Otherwise: Neutral (0)
The tanh function provides the normalization process. It ensures that the final signal score is bounded between -1 and 1, increases sensitivity to early changes in volume patterns based on RSI conditions, and prevent sudden jumps in signals ensuring smooth and continuous signal line.
Input Fields
The input fields allow users to customize the behavior of the indicator based on their trading strategy:
Short-Term Volume MA
- Default: `2`
- Description: The period for the short-term moving average of volume.
- Purpose: Captures short-term volume trends.
Long-Term Volume MA)
- Default: `10`
- Description: The period for the long-term moving average of volume.
- Purpose: Captures long-term volume trends for comparison with the short-term trend.
RSI Period)
- Default: `3`
- Description: The period for calculating the RSI.
- Purpose: Measures the relative strength of price movements over the specified period.
Volume Oscillator Threshold
- Default: `70`
- Description: The threshold for the Volume Oscillator to determine significant volume momentum.
- Purpose: Filters out weak volume signals.
RSI Threshold
- Default: `25`
- Description: The RSI level used to identify overbought or oversold conditions.
- Purpose: Helps detect potential reversals in price momentum.
Signal Scaling Factor
- Default: `10`
- Description: A multiplier for the signal score.
- Purpose: Adjusts the magnitude of the signal score for better visualization.
How To Use It for Trading:
Upcoming Bullish Signal: Signal line turns from Gray to Green or from Green to Gray
Upcoming Bearish Signal: Signal line turns from Gray to Red or from Red to Gray
Note: The price that corresponds to the transition of Signal line from Gray to Green or Red and vise versa is the signal price for upcoming bullish or bearish signal.
The signal score dynamically adjusts based on volume and RSI thresholds, making it adaptable to various market conditions, and this is what makes the indicator unique from other traditional indicators.
Unique Features
Unlike traditional indicators, this indicator combines two different dimensions—volume trends and RSI divergence—for more comprehensive signal generation. The use of tanh() to scale and smooth the signal is a mathematically elegant way to manage signal noise and highlight genuine trends. Traders can tune the scaling factor and thresholds to adapt the indicator for scalping, swing trading, or longer-term investing.
Volumatic Trend [ChartPrime]
A unique trend-following indicator that blends trend logic with volume visualization, offering a dynamic view of market momentum and activity. It automatically detects trend shifts and paints volume histograms at key levels, allowing traders to easily spot strength or weakness within trends.
⯁ KEY FEATURES
Trend Detection System:
Uses a custom combination of weighted EMA (swma) and regular EMA to detect trend direction.
A diamond appears on trend shift, indicating the starting point of a new bullish or bearish phase.
Volume Histogram Zones:
At each new trend, the indicator draws two horizontal zones (top and bottom) and visualizes volume activity within that trend using dynamic histogram candles.
Gradient-Based Candle Coloring:
Candle color is blended with a gradient based on volume intensity. This helps highlight where volume spikes occurred, making it easy to identify pressure points.
Volume Summary Labels:
A label at the end of each trend zone displays two critical values:
- Delta: net volume difference between bullish and bearish bars.
- Total: overall volume accumulated during the trend.
⯁ HOW TO USE
Monitor diamond markers to identify when a new trend begins.
Use volume histogram spikes to assess if the trend is supported by strong volume or lacking participation.
A high delta with strong total volume in a trend indicates institutional support.
Compare gradient strength of candles—brighter areas represent higher-volume trading activity.
Can be used alone or combined with other confirmation tools like structure breaks, liquidity sweeps, or order blocks.
⯁ CONCLUSION
Volumatic Trend gives you more than just trend direction—it provides insight into the force behind it. With volume-graded candles and real-time histogram overlays, traders can instantly assess whether a trend is backed by conviction or fading strength. A perfect tool for swing traders and intraday strategists looking to add volume context to their directional setups.
Consecutive CandlesSummary
This indicator helps visualize short-term momentum by automatically drawing boxes around sequences of consecutive same-colored candles (bullish or bearish). It's designed to quickly highlight periods of sustained buying or selling pressure directly on your chart.
How it Works
Consecutive Candle Detection: The script monitors the chart bar by bar, tracking consecutive candles where close > open (bullish) or close < open (bearish).
Box Drawing: When a sequence of same-colored candles reaches a user-defined minimum length (default is 3) and this sequence is then broken by an opposite-colored candle or a doji, a box is drawn.
Box Boundaries:
The top of the box is set to the highest high price reached during the sequence.
The bottom of the box is set to the lowest low price reached during the sequence.
The left edge of the box aligns with the start time of the first candle in the sequence.
The right edge of the box aligns with the end time of the last candle in the sequence.
Stability: Uses xloc = xloc.bar_time to ensure boxes remain accurately anchored to the price bars when zooming or panning the chart.
Real-time Extension: For active sequences meeting the minimum length on the latest developing bar, the box is optionally extended to the right.
Features
Automatically identifies and boxes sequences of 3 or more (customizable) consecutive bullish candles.
Automatically identifies and boxes sequences of 3 or more (customizable) consecutive bearish candles.
Extends box in real-time for active qualifying sequences.
Customizable minimum candle count (>= 2).
Customizable colors for bullish/bearish boxes and borders.
Settings
You can customize the indicator via the Settings menu (gear icon):
Minimum Consecutive Candles: Define how many candles in a row are needed to draw a box (Default: 3).
Bullish Box Color: Set the fill color for boxes around bullish sequences.
Bearish Box Color: Set the fill color for boxes around bearish sequences.
Box Border Color: Set the color for the border of all boxes.
Potential Use Cases
Momentum Identification: Quickly spot periods of strong, uninterrupted buying or selling.
Exhaustion/Reversal Signals: Very long sequences might indicate potential exhaustion, setting up reversal opportunities.
Consolidation Breakouts: A box forming after a period of tight consolidation can highlight the range just before a potential breakout.
Confirmation: Use the boxes as confirmation for entries or exits based on momentum shifts.
Disclaimer: This indicator provides visual aids based on price action. It should not be used as a standalone trading system. Always use indicators in conjunction with your own analysis and risk management rules.
VSA Tick Volume Zones0
مؤشر VSA Tick Volume مع مناطق العرض والطلب (إصدار تجريبي)
مؤشر مخصص لمنصة TradingView يعتمد على تحليل الحجم والسعر (VSA - Volume Spread Analysis)، ويقوم تلقائيًا بتحديد مناطق الطلب والعرض استنادًا إلى إشارات VSA القوية. يهدف المؤشر إلى كشف تحركات المتداولين المحترفين وتحديد نقاط الانعكاس الذكية.
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✅ الميزات الأساسية:
1. إشارات VSA:
المؤشر يتعرف تلقائيًا على أبرز إشارات تحليل VSA:
- *Climactic Volume (CV):* حجم تداول مرتفع بشكل استثنائي يشير لنهاية الاتجاه الحالي.
- *No Demand (ND):* شموع صعودية ضعيفة الحجم، تشير إلى غياب اهتمام المشترين.
- *No Supply (NS):* شموع هبوطية ضعيفة الحجم، تشير إلى غياب اهتمام البائعين.
- *Stopping Volume (SV):* ارتفاع مفاجئ في الحجم بعد اتجاه هابط، يشير لتدخل المشترين.
- *UpThrust (UT):* اختراق كاذب للسعر نحو الأعلى مع حجم كبير وإغلاق منخفض.
- *Test (T):* شموع اختبارية بحجم منخفض للتحقق من غياب البائعين استعدادًا للصعود.
2. تلوين الشموع:
- كل إشارة تُلوَّن تلقائيًا على الشارت لتسهيل المتابعة البصرية:
- CV باللون الأحمر
- ND باللون البرتقالي
- NS باللون الأخضر
- SV باللون الأزرق
- UT باللون الأرجواني
- Test باللون السماوي
3. رسم مناطق العرض والطلب تلقائيًا:
- يتم تحديد المناطق بناءً على إشارات *UT* و*SV* و*Test*، حيث تعتبر مناطق تمركز ذكي للمؤسسات (Smart Money Zones).
🎯 الهدف من المؤشر:
يساعد هذا المؤشر:
- المتداول اليومي على اتخاذ قرارات مدروسة.
- المحلل الفني على فهم السياق المؤسساتي للسوق.
- دعم استراتيجيات الدخول والخروج بدقة أعلى من خلال الدمج بين إشارات VSA والمناطق الفعلية للعرض والطلب.
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🧪 ملاحظات:
- المؤشر لا يعتبر توصية شراء أو بيع.
- الإشارات تحتاج إلى تأكيد من خلال حركة السعر أو مؤشرات مساعدة.
- يمكن استخدامه مع أدوات إضافية مثل RSI أو Moving Averages.
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⚙ الاقتراحات المستقبلية:
- دمج أدوات تدفق السيولة (مثل OBV أو VWAP).
- تنبيه صوتي وإشعار عند ظهور إشارات محددة.
- تخصيص أكبر للمستخدم من حيث الألوان ونوع الإشارات.
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للتواصل أو المساهمة في تطوير المؤشر، يرجى مراسلتي.
VSA Tick Volume Indicator with Supply and Demand Zones (Beta Version)
A custom indicator for the TradingView platform based on Volume and Price Analysis (VSA - Volume Spread Analysis), it automatically identifies supply and demand zones based on strong VSA signals. The indicator aims to uncover the movements of professional traders and identify smart reversal points.
✅ Key Features:
VSA Signals: The indicator automatically detects key VSA analysis signals:
Climactic Volume (CV): Exceptionally high trading volume indicating the end of the current trend.
No Demand (ND): Bullish candles with weak volume, indicating a lack of buyer interest.
No Supply (NS): Bearish candles with weak volume, indicating a lack of seller interest.
Stopping Volume (SV): A sudden volume spike after a downtrend, indicating buyer intervention.
UpThrust (UT): A false price breakout upwards with high volume and a low close.
Test (T): Low-volume test candles to check for the absence of sellers, signaling readiness for an upward move.
Candle Coloring:
Each signal is automatically color-coded on the chart for easy visual tracking:
CV in red
ND in orange
NS in green
SV in blue
UT in purple
Test in cyan
Automatic Supply and Demand Zone Drawing:
Zones are determined based on the UT, SV, and Test signals, which are considered smart money zones.
🎯 Purpose of the Indicator:
This indicator helps:
The day trader make informed decisions.
The technical analyst understand the market's institutional context.
Enhance entry and exit strategies with more accuracy by combining VSA signals and actual supply and demand zones.
🧪 Notes:
The indicator is not a buy or sell recommendation.
Signals need confirmation through price action or additional indicators.
Can be used alongside other tools such as RSI or Moving Averages.
⚙ Future Suggestions:
Integration of liquidity flow tools (such as OBV or VWAP).
Sound alerts and notifications when specific signals appear.
Greater customization options for users regarding colors and signal types.
For inquiries or contributions to the indicator's development, please contact me.
Volume-RSI Colored Bars
The Volume Indicator, used in conjunction with the embedded Relative Strength Index (RSI), is a powerful tool for making informed trading decisions. Let’s break down how this indicator works and how it can assist you in your trading strategy.
Volume Indicator:
The Volume Indicator tracks the volume of trades occurring in a specific timeframe. Volume shows the number of shares or contracts traded, which can reveal the strength of a price move. If price is moving higher with increasing volume, it generally confirms that the move has more strength, indicating the potential for continuation. Conversely, if the price is moving lower with increasing volume, it indicates strong bearish momentum.
Volume Clusters:
In the chart, we can see various volume clusters highlighted in green, red, and grey. The green bars represent high volume, which can signal strong buying pressure. The red bars represent low volume, signaling that selling pressure is low. Grey bars indicate average volume.
High Volume (Green Bars): High buying pressure, indicating that there may be a strong move in the direction of the price.
Low Volume (Red Bars): Potential signal for a weak move, indicating a lack of participation in the current trend.
RSI (Relative Strength Index):
RSI is a momentum oscillator that indicates whether a market is overbought or oversold. The RSI ranges from 0 to 100, with readings above 70 suggesting an overbought market and readings below 30 suggesting an oversold market.
The RSI is also embedded in the indicator to give a better context when combined with volume. It adds an extra layer of analysis to interpret the price action.
How to Use Volume Indicator with RSI:
Confirming Breakouts:
If you see a breakout in price (an upward movement or downward movement) and the volume indicator shows high volume, this confirms the strength of the breakout.
If the RSI also supports the breakout (for example, it is crossing above 50 or above 70 for an uptrend), it further validates the trade.
Identifying Reversals:
When the price is reaching overbought or oversold levels (RSI above 70 or below 30) and there is low volume (red bars), this may indicate a potential reversal.
If the price is oversold and RSI shows values below 30 with increasing volume (green bars), this could signal a potential buying opportunity as a reversal might occur.
Volume Divergence:
If the price is making new highs, but the volume is declining (red bars), it may signal weakness in the trend, despite the RSI indicating strength. This divergence can help traders anticipate a potential reversal or breakout.
Example from the Chart:
Strong Buy Signal: The price is making an upward movement, the volume bars are turning green (indicating strong buying pressure), and RSI is rising above 50.
Bearish Divergence: You may see RSI moving higher, but volume bars are turning red (indicating weak momentum). This could signal that the upward movement lacks strength, suggesting a potential reversal.
By combining these two indicators, the Volume Indicator and the RSI, traders can make more informed decisions on whether the current trend is sustainable, or if a reversal or breakout is likely.
In conclusion, using the Volume Indicator and RSI together allows for:
Identifying high-volume breakouts and reversals
Filtering out weak price movements
Confirming trends with volume and momentum
This combination enhances trading strategies by providing clear signals of market strength or weakness, helping traders optimize their entry and exit points effectively.
Advanced OHLC ExporterThis Pine Script indicator provides one-click export of candlestick data (OHLC + Volume) from any TradingView chart. It displays the current candle's values in a clean table while ensuring all visible historical data is available for export in CSV format.
Key Features
📊 Visual Data Display
Real-time OHLC table in the top-right corner.
Color-coded values for quick analysis (green=high, red=low).
Volume shown in standardized formatting.
Data Export Ready
All plotted values appear in TradingView's Data Window.
Right-click → "Export Data" to save:
Open, High, Low, Close (OHLC) prices
Trading volume
Timestamps for each candle
⚙️ Customizable Output
Works on any timeframe (1m to 1M)
Compatible with: Forex, Stocks, Crypto, Futures
How Traders Use This
Technical Analysts - Export clean datasets for external analysis.
Backtesters - Quickly gather historical price data for strategy development.
Researchers - Study candlestick patterns with precise numerical data.
AlphaSignal | MindMarketAlphaSignal — Smart Indicator for Precise Entries
What does AlphaSignal do?
AlphaSignal looks for moments when the price moves too far from its average, volume spikes, and overall market activity increases. When these things line up, it gives you a clean, high-quality trading signal — either to buy or sell.
How it works :
Activity & Volume Detection
It monitors for sudden bursts in trading volume and volatility — clear signs that something important is happening in the market.
Price Deviation with Nadaraya-Watson Envelope
The indicator uses a smooth curve (called the Nadaraya-Watson estimate) to track the average price. When price drifts too far from this curve, it might be ready to snap back. That’s where AlphaSignal starts paying attention.
Signal Rating System
Each potential trade gets a score based on:
Market activity
Volume deviation
How far price is from the NW envelope
(Optionally) Trend strength and momentum via ADX, RSI, MACD
Only if the total score is high enough — a signal is fired.
Advanced Filters (Optional)
Want more confirmation? Turn on ADX, RSI, and MACD checks to avoid weak setups during choppy, low-trend periods.
Cooldown Logic
To avoid overtrading, AlphaSignal waits a set number of bars between signals — you can customize this.
Trading Suggestions (Signal Panel)
AlphaSignal gives you real-time trading guidance with a simple suggestion box:
BUY NOW / SELL NOW
All conditions are met, rating is strong — take action.
PREPARE BUY / PREPARE SELL
No full confirmation yet, but the price is very close to key levels (within 1.5% of the NW envelope). Get ready — a signal might appear soon.
AWAIT BUY / AWAIT SELL
The market is leaning toward a buy or sell, but price isn’t in a good spot yet. Be patient and watch for better positioning.
Liquidity Volume Panel Liquidity Volume Panel – Precision Tool for Scalpers & Intraday Traders
This panel is designed to help traders quickly identify volume-driven moves, liquidity events, and fair-value zones. It combines classic volume analysis with enhanced tools like RVOL and VWAP deviation bands, making it ideal for scalping, momentum trading, and intraday strategies.
🔍 Included Features:
✅ Relative Volume (RVOL) Indicator
Displays current volume in relation to its 20-period average – excellent for spotting low-activity zones or high-pressure breakouts.
✅ Dynamic Volume Coloring & Spike Detection
Color-coded volume logic highlights normal, strong, and extremely high volume, with visual markers for volume spikes (>200% of average).
✅ VWAP with ±1σ & ±2σ Bands
Industry-standard deviation bands show overbought/oversold conditions and dynamic support/resistance based on volume-weighted pricing.
✅ Background Highlighting
Subtle orange background alerts you when volume surges beyond extreme levels – making liquidity clusters instantly recognizable.
Usage:
Use this panel as a decision-making tool for entries, reversals, or breakouts – especially in fast-moving markets.
Best used on lower timeframes for precision scalping.
Options Chart Lite [Pt]█ Options Chart Lite
────────────────────────────
█ Introduction
Options Chart Lite is a simplified version of the full Options Chart+ tool — created for traders who want a clean and easy way to visualize option volume around price without extra complexity.
It displays live call and put volume and pricing directly on your TradingView chart, centered around the most relevant strikes for the selected expiry.
────────────────────────────
█ What Is Options Chart Lite ?
Options Chart Lite is a tool that shows real-time call and put activity in a clean, strike-by-strike table.
It provides:
- Side-by-side call/put volume and pricing
- Live table centered on current price
- Total call and put volume summary
- Quick insight into flow without overlays or clutter
────────────────────────────
█ Key Features
Visual Option Table
- Volume and price for calls and puts
- Table auto-centers around current price
- Up to 20 strikes shown
Total Volume Summary
- Call vs put volume shown at the bottom
Formatted Expiry + Timeframe
- Full expiry display (e.g. “Fri Apr 11, 2025”)
- Fixed to 1D timeframe
Reset & Warnings
- Button to reset strike range
- Optional delayed data notice
────────────────────────────
█ Inputs
Option Expiry Date (YYMMDD): Must match a valid expiry
Strike Increment: Strike spacing (e.g., 1, 2.5, 5)
Reference Strike Denominator: Rounds price to valid strike
Font Size Option: Choose Auto, Tiny, Small, or Normal
Reset Button: Re-centers if price moves
Delayed Data Warning: Toggle display of warning
────────────────────────────
█ Use Cases
Spot Key Strikes
See which strikes have the most activity.
Quick Flow Insights
Volume bias without opening an option chain.
Prep Levels
Align price action with strike flow.
Volume Skew Snapshot
Check if calls or puts dominate.
────────────────────────────
█ Known Limitations
- Invalid Expiry or Strike Inputs Will Error
Inputs must match real listed options for the symbol.
- Options Data Must Be Available
Volume will appear as 0 if TradingView data isn’t accessible.
- Strike Range is Limited
Script renders ~20 strikes. Use Reset Indicator if price moves too far.
Accumulation-Distribution CandlesThis structural visualization tool maps each candle through the lens of Effort vs. Result, blending Volume, Range, and closing bias into a normalized pressure score. Candle bodies are dynamically color-coded using a five-tier system—from heavy accumulation to heavy distribution—revealing where energy is building, dispersing, or neutral. This helps to visually isolate Markup, Markdown, Re-accumulation, and Distribution at a glance.
The indicator calculates a strength score by multiplying price result (close minus open) by effort (volume or price range), smoothing this raw value using a Fibonacci-based EMA. (34 for standard, 55 for crypto; the higher crypto value acknowledges that 24/7 trading offers more hours per week or month than trad markets.) The result is standardized against its rolling deviation and clamped to a range. This score determines the visual tier:
• 💙 Dark Blue = heavy Accumulation (strong upward result on strong effort)
• 🩵 Pale Blue = mild Accumulation
• 🌚 Gray = neutral (low conviction or balance)
• 💛 Pale Yellow = mild Distribution
• 🧡 Deep Yellow = heavy Distribution (strong downward result on strong effort)
The tool is optimized for the 1D chart, where Wyckoff phases are most clearly expressed. However, it adapts well to lower timeframes when used selectively. Traders may hide the body coloring and enable only zone highlighting to preserve other candle overlays such as SUPeR TReND 2.718, which offers directional clarity and trend duration. This combination is especially useful on intraday charts (15m–1H) where microstructure matters but visual clutter must be avoided.
When used alongside other Volume overlays (such as the OBVX Conviction Bias) or Volatility indicators (such as the Asymmetric Turbulence Ribbon (ATR)), this indicator adds confluence to directional setups by contextualizing pressure with Volatility. For example: compression zones marked by ATR may align with persistent pale blue candles—indicating quiet Accumulation before expansion.
Optional Overlays:
Normally ON -
• 📌 Pin Bars , filtered by volume, to isolate wick-dominant reversals from key zones
• 💪🏻 Strong-Body Candles — fuchsia candles w/ high body-to-range ratio reflect conviction
• 🧯 Wick Absorption Candles — red candles w/ long wicks and low closing strength indicate failed pushes or absorbed breakouts
• 🟦/🟧 Zone Highlighting for candles above a defined Accumulation/Distribution threshold
Normally OFF -
• 🔺 Fractals (5-bar) to map swing pivots by underlying pressure tier (normally OFF)
• 🟥/🟩 Engulfing patterns, filtered by directional conviction (normally OFF)
The Pin Bar strategy benefits most from the zone logic—when a bullish pin bar appears in an Accumulation zone (esp. pale or dark blue), and Volume exceeds its rolling average, it may mark a spring or failed breakdown. Conversely, bearish pins in Distribution zones can mark rejection or resistance.
This is not a signal engine—it’s a narrative filter designed to slot cleanly into a multi-layered workflow of visual structure and informed execution. Use it to identify bias and phase. Then deploy trade triggers from tools like SUPeR TReND 2.718, or the liquidity flows shown the The Silver Lining or the AltSeasonality - MTF indicators, for example. The candle colors tell you who’s in control—the other tools tell you when to act.
Automated Lot Size Calculator // © Laurent3372
The "Automated Lot Size Calculator" is a sophisticated tool for traders who want to calculate the ideal position size based on their capital, risk, and the asset pair they wish to trade. Here is a detailed description of its features:
1. Language Selector
You can select the interface language (French, English, Spanish, German, or Italian). This makes the tool accessible and understandable to an international audience.
2. User Settings for Risk Calculation
The risk percentage per trade is configurable. The entered percentage is divided by 100 to obtain a fraction (for example, 1% becomes 0.01).
3. Selection of Equity in USD or EUR
The user chooses whether their equity is in US dollars or euros. Based on this choice, the calculation is based on the appropriate value.
A field for entering equity is available for both currencies, with a default initial amount. 4. Stop Loss in Pips
The stop loss can be entered in decimal places (such as 2.8 pips), allowing for high precision in risk calculations.
5. Interface Color Customization
You can configure the text and background colors for headers, values, and other visual elements, allowing you to customize the display.
6. Display Table Position and Size
You can choose the table location (top right, top left, bottom right, bottom left) as well as the display size (extra small, small, normal, large, extra large).
7. Asset Pair Detection and Pip Value
The code automatically detects the financial instrument (currency, crypto, precious metal) and adjusts the pip value according to the asset's characteristics. For example:
For JPY pairs, the pip is 0.01.
For cryptocurrencies, the pip is adjusted to 0.01.
For precious metals such as gold and silver, specific adjustments are also made.
8. Retrieving real-time exchange rates
The script uses the request.security function to retrieve real-time exchange rates for currencies or cryptocurrencies.
The code automatically adapts according to the trading pair and retrieves the appropriate rate (e.g., EUR/GBP, BTC/USD).
9. Calculating the risk amount in USD or EUR
The risk is calculated based on the selected capital (USD or EUR).
If the capital is in euros, it is converted to USD to simplify lot calculations.
10. Calculating position sizes in standard lots
The formula for calculating position sizes varies depending on the asset:
EUR/GBP is calculated with a specific adjustment.
Precious metals and cryptocurrencies have their own adapted formulas.
Exotic currencies incorporate a special conversion factor, taking into account pairs with more than two decimal places. 11. Lot Type Definition
The lot type is automatically adjusted according to the asset: "Micro Lot", "Standard Lot", or "Exotic Lot".
12. Results Display with Dynamic Translation
The results (currency, equity, risk, lot type, and size) are displayed in real time and automatically translated into the selected language.
The left column contains the parameters, and the right column displays the corresponding values.
13. Dynamically Creating the Results Table
The table is dynamically created using the specified position and size options. It contains all essential information, such as currency, equity, risk, and position size in lots.
Conclusion:
This script allows traders to automatically calculate their ideal position size by taking into account the currency, desired risk, and asset-specific parameters (such as cryptocurrencies and metals). Thanks to its customization options and automatic translations, it is suitable for global use, regardless of user profile.
Impulse Candle with Volume & Std AnalysisImpulse Candle with Volume & Std Analysis
This indicator highlights “impulse” candles on your chart by combining price action and volume analysis to gauge the strength of market moves.
How It Works:
Impulse Candle Detection:
The indicator measures the candle’s body size and compares it to the Average True Range (ATR). When a candle’s body exceeds a user-defined multiple of the ATR (the “Impulse Factor”), it is flagged as an impulse candle.
Volume Analysis:
For each impulse candle, the indicator calculates the expected volume (Impulse Factor × average volume) and compares the actual volume against this expected value. It uses the standard deviation of volume over a specified period to classify the move’s volume as:
Extreme Low: More than 2 standard deviations below the expected volume
Low: Between 1 and 2 standard deviations below expected
Normal: Within 1 standard deviation of expected volume
High: Between 1 and 2 standard deviations above expected
Extreme High: More than 2 standard deviations above expected
Visual Cues:
The impulse candles are color-coded based on the volume classification.
A text-only label (with customizable text color) appears just above each impulse candle, indicating its volume category. The label has no background, ensuring a clean, unobtrusive look.
Customization:
Users can adjust parameters such as the Impulse Factor, ATR length, and volume averaging period to tailor the indicator to their trading style.
This tool is perfect for traders who want a quick visual representation of both significant price moves and the corresponding volume strength behind those moves.
Options Chart+ [Pt]█ Introduction
Since the launch of options data support on TradingView, the landscape for retail options traders has started to shift. But until now, no tool in the public TradingView library has offered a full-featured, visual-first interface for reading option strike activity directly from your chart.
www.tradingview.com
Options Chart+ changes that — bringing an institutional-style strike analysis interface to TradingView.
It reads the option chain for any symbol and expiry, dynamically builds a strike-by-strike volume and price table, highlights top areas of market activity, and helps you interpret directional sentiment through both total and skew-adjusted implied moves.
────────────────────────────
█ What Is Options Chart+ ?
Options Chart+ is a premium script for analyzing call and put option volumes and pricing for any option chain that's readily available on TradingView.
It provides a real-time, on-chart display of:
- Strike-Level Volume and Price Table
- Gradient Heatmaps for Volume Activity
- Overlayed Top Strikes on the Chart
- Implied Move and Directional Bias Metrics
By visualizing where options traders are concentrating their positioning, this tool helps uncover potential support/resistance zones, directional bets, and key gamma levels — all from the flow.
────────────────────────────
█ Key Features
Visual Option Chain Table
- Centers around the current price
- Real-time volume and price per strike
- Clean formatting with total summaries
Gradient Volume Coloring
- Highlights activity using customizable color gradients
- Makes volume spikes obvious at a glance
Top Strike Overlays
- Automatically highlights top volume call/put strikes
- Overlays labeled lines on the chart for price context
Implied Move and Directional Bias
- ATM straddle = Total Implied Move
- Volume-weighted extrinsics = Directional Implied Move (DIM)
- Shows skew-based bias: bullish or bearish
────────────────────────────
█ Inputs & Customization
Option Expiry Date (YYMMDD): Must match valid options for the symbol
Strike Increment: Matches strike spacing (e.g., 1, 2.5, 5)
Reference Strike Denominator: Rounds the center strike
Volume Timeframe: Any valid chart timeframe
Gradient Volume Coloring: Toggle on/off
Call/Put Volume Colors: Fully customizable
Draw Top Strike Lines: Enables chart overlays
Start / End Offset: Customize overlay length
Font Size: Auto, Tiny, Small, or Normal
Delayed Data Warning: Adds footnote in the table
Reset Button: Re-centers the tool if price moves too far
────────────────────────────
█ Use Cases
1. Spotting High-Interest Strikes
Use gradient heatmaps and overlays to see where volume is clustering.
Example: Heavy calls at 4200 may act as a magnet or gamma level — perfect for breakout or fade setups.
2. Interpreting Sentiment with DIM
Gauge where the flow is leaning directionally.
Example: Bullish DIM = call extrinsics outweigh puts → sentiment skewed bullish.
3. Sizing Risk Around Implied Movement
Use Total Implied Move to set range boundaries.
Example: Avoid selling premium inside the expected move unless risk is tight.
4. Combining Volume and Price Action
Overlay strikes with price structure for confluence trades.
Example: A heavy put strike with price holding = potential bounce zone.
5. Structuring Straddles or Strangles
Use volume skew to inform multi-leg positions.
Example: If call side is bid up, lean strangle wider to the upside.
────────────────────────────
█ Known Limitations
- Invalid Expiry or Strike Inputs Will Error
You are responsible for selecting a valid expiry and strike increment that matches the symbol’s listed options.
- Options Data Must Be Available
This tool depends on TradingView's options feed. If you do not have access (delayed or real-time), the script will fail to load.
- Strike Range is Limited
Renders ~20 strikes max to preserve clarity. If price moves beyond that, use the Reset Indicator input.
────────────────────────────
█ Final Thoughts
Options Chart+ is built for traders who operate on flow, structure, and sentiment. It lets you trade with confidence by showing where the real positioning is happening — visually, clearly, and in real-time.
If you:
- Think in terms of option flow
- Trade around volume levels or gamma exposure
- Want faster access to skew and sentiment
- Or just need clarity over chaos in an options chain...
This tool is for you.
Accumulation/Distribution Money Flow🔍 Decoding Market Intent: The Ultimate Accumulation-Distribution Visualizer
In a market environment flooded with indicators, patterns, and noise, understanding the true intent behind price movement can be a game-changer. I’m excited to share a custom
TradingView script I've built that distils two of the most powerful market dynamics into a simple and clean visual format: Accumulation & Distribution (AD) and Volatility Compression (BB Squeeze).
This script is not just another volume-based oscillator or squeeze detector. It’s a sentiment decoder. Built to visually represent underlying accumulation and distribution phases, this tool helps traders identify where smart money is moving in—quietly buying in a sea of red—or exiting while the crowd is still bullish.
What makes it stand out?
✅ Clear Identification of Accumulation and Distribution Zones
No clutter. The visual representation lets you catch early signals of supply absorption or demand exhaustion.
✅ Integrated BB Squeeze Logic
Price consolidating with decreasing volatility? The script overlays squeeze signals so you don’t miss the moment when compression leads to expansion.
✅ Noise Filtering
By combining sentiment zones with volatility insight, false breakouts and misleading volume spikes become easier to filter out.
✅ Simple, Clean Layout
Designed to assist—not overwhelm—you, whether you're intraday scalping or positioning for a swing entry.
________________________________________
🛠 How to Use It:
1. Look for Green Zones (Accumulation):
These highlight potential demand areas—often when price isn't showing it obviously. Early long entries become visible here.
2. Look for Red Zones (Distribution):
Caution flags. Potential profit-booking or early signs of breakdowns when price still looks stable.
3. Pay Attention to BB Squeeze Signals:
Grey bands indicate compression. When these align with accumulation or distribution zones, explosive moves are likely ahead.
4. Use with Price Action:
This is not a buy/sell script. It’s an edge-enhancer. Pair it with your price action, support/resistance, or structure-based trading system.
________________________________________
This tool is for those who seek to read the tape between the candles. Whether you're a seasoned trader or refining your system, this can become a crucial part of your toolkit.
I've marked a very typical kind of trade this indicator can allow us to take, see the price movement and where the indicator is going? (Drawn trend lines in yellow, both on price chart and on the indicator window)
Let me know how you use it or if you’d like it enhanced further. Feedback and collaboration always welcome!
This is for education purpose only, any past performance is not indicative of the future success of the indicator.
Regards.
Volume Spikes Pro - relative volume comparisonThe Enhanced Volume Spike Detector builds on the basic relative volume comparison by adding price direction analysis and more sophisticated categorization of volume events.
Directional Analysis
This indicator doesn't just identify volume spikes, but categorizes them as:
- **Bullish**: Volume spike with upward price movement
- **Bearish**: Volume spike with downward price movement
- **Neutral**: Volume spike with minimal price change
- **Strong**: Exceptional volume spike (2.5x+ default) regardless of direction
Visual Classification
Different color schemes instantly communicate the volume spike type:
- Green for bullish volume (price rising)
- Red for bearish volume (price falling)
- Dark Green for strong bullish volume
- Dark Red for strong bearish volume (price falling)
Customization Tips
- For day trading or short timeframes: Consider reducing MA length to 10-15
- For swing trading: The default 20 is appropriate
- For position trading or longer timeframes: Consider increasing to 30-50
- For more selective signals: Increase multiplier to 2.0 or higher
- For more comprehensive detection: Decrease multiplier to 1.3-1.4
Volume Flow with Bollinger Bands and EMA Cross SignalsThe Volume Flow with Bollinger Bands and EMA Cross Signals indicator is a custom technical analysis tool designed to identify potential buy and sell signals based on several key components:
Volume Flow: This component combines price movement and trading volume to create a signal that indicates the strength or weakness of price movements. When the price is rising with increasing volume, it suggests strong buying activity, whereas falling prices with increasing volume indicate strong selling pressure.
Bollinger Bands: Bollinger Bands consist of three lines:
The Basis (middle line), which is a Simple Moving Average (SMA) of the price over a set period.
The Upper Band, which is the Basis plus a multiple of the standard deviation (typically 2).
The Lower Band, which is the Basis minus a multiple of the standard deviation. Bollinger Bands help identify periods of high volatility and potential overbought/oversold conditions. When the price touches the upper band, it might indicate that the market is overbought, while touching the lower band might indicate oversold conditions.
EMA Crossovers: The script includes two Exponential Moving Averages (EMAs):
Fast EMA: A shorter-term EMA, typically more sensitive to price changes.
Slow EMA: A longer-term EMA, responding slower to price changes. The crossover of the Fast EMA crossing above the Slow EMA (bullish crossover) signals a potential buy opportunity, while the Fast EMA crossing below the Slow EMA (bearish crossover) signals a potential sell opportunity.
Background Color and Candle Color: The indicator highlights the chart's background with specific colors based on the signals:
Green background for buy signals.
Yellow background for sell signals. Additionally, the candles are colored green for buy signals and yellow for sell signals to visually reinforce the trade opportunities.
Buy/Sell Labels: Small labels are placed on the chart:
"BUY" label in green is placed below the bar when a buy signal is generated.
"SELL" label in yellow is placed above the bar when a sell signal is generated.
Working of the Indicator:
Volume Flow Calculation: The Volume Flow is calculated by multiplying the price change (current close minus the previous close) with the volume. This product is then smoothed with a Simple Moving Average (SMA) over a user-defined period (length). The result is then multiplied by a multiplier to adjust its sensitivity.
Price Change = close - close
Volume Flow = Price Change * Volume
Smoothed Volume Flow = SMA(Volume Flow, length)
The Volume Flow Signal is then: Smooth Volume Flow * Multiplier
This calculation represents the buying or selling pressure in the market.
Bollinger Bands: Bollinger Bands are calculated using the Simple Moving Average (SMA) of the closing price (basis) and the Standard Deviation (stdev) of the price over a period defined by the user (bb_length).
Basis (Middle Band) = SMA(close, bb_length)
Upper Band = Basis + (bb_std_dev * Stdev)
Lower Band = Basis - (bb_std_dev * Stdev)
The upper and lower bands are plotted alongside the price to identify the price's volatility. When the price is near the upper band, it could be overbought, and near the lower band, it could be oversold.
EMA Crossovers: The Fast EMA and Slow EMA are calculated using the Exponential Moving Average (EMA) function. The crossovers are detected by checking:
Buy Signal (Bullish Crossover): When the Fast EMA crosses above the Slow EMA.
Sell Signal (Bearish Crossover): When the Fast EMA crosses below the Slow EMA.
The long_condition variable checks if the Fast EMA crosses above the Slow EMA, and the short_condition checks if it crosses below.
Visual Signals:
Background Color: The background is colored green for a buy signal and yellow for a sell signal. This gives an immediate visual cue to the trader.
Bar Color: The candles are colored green for buy signals and yellow for sell signals.
Labels:
A "BUY" label in green appears below the bar when the Fast EMA crosses above the Slow EMA.
A "SELL" label in yellow appears above the bar when the Fast EMA crosses below the Slow EMA.
Summary of Buy/Sell Logic:
Buy Signal:
The Fast EMA crosses above the Slow EMA (bullish crossover).
Volume flow is positive, indicating buying pressure.
Background turns green and candles are colored green.
A "BUY" label appears below the bar.
Sell Signal:
The Fast EMA crosses below the Slow EMA (bearish crossover).
Volume flow is negative, indicating selling pressure.
Background turns yellow and candles are colored yellow.
A "SELL" label appears above the bar.
Usage of the Indicator:
This indicator is designed to help traders identify potential entry (buy) and exit (sell) points based on:
The interaction of Exponential Moving Averages (EMAs).
The strength and direction of Volume Flow.
Price volatility using Bollinger Bands.
By combining these components, the indicator provides a comprehensive view of market conditions, helping traders make informed decisions on when to enter and exit trades.
Dynamic TrailingDynamic Trailing is an indicator that reacts quickly to shifting candle structures, using a dynamic trailing lines on either side, essentially "counting" the confluences for either side, and highlighting the winning side.
Turnover in CroreA simple indicator for turnover in crores.
You can set a threshold volume of your choice, and the indicator will display volumes below this threshold in red and volumes above it in green.
MÈGAS ALGO : ZIG-ZAG CYCLE INSIGTH [INDICATOR]Overview
The Zig-Zag Cycle Insigth is a revisited version of the classic Zig Zag indicator, designed to provide traders with a more comprehensive and actionable view of price movements.
This advanced tool not only highlights significant price swings but also incorporates additional features such as cycle analysis, real-time data tracking, and Fibonacci retracement levels. These enhancements make it an invaluable resource for identifying trends, potential reversal points, and market structure.
This indicator adheres to TradingView's guidelines and is optimized for both technical analysts and active traders who seek deeper insights into market dynamics.
Key Features:
1. Customizable Thresholds for Price Movements:
- Users can set personalized thresholds for price movement percentages and time periods.
This ensures that only significant price swings are plotted, reducing noise and increasing
clarity.
- Straight lines connect swing highs and lows, providing a cleaner visual representation of
the trend.
2. Cycle Analysis Table:
- A dynamic table is included to analyze price cycles based on three key factors:
- Price Change: Measures the magnitude of each swing (high-to-low or low-to-high).
- Time Duration (Bar Count): Tracks the number of bars elapsed between consecutive swings,
offering precise timing insights.
- Volume: Analyzes trading volume during each segment of the cycle.
- The indicator calculates the **maximum**, **minimum**, and **mean** values for each
parameter across all completed cycles, providing deeper statistical insights into market
behavior.
- This table updates in real-time, offering traders a quantitative understanding of how price
behaves over different cycles.
3. Real-Time Data Integration:
- The indicator displays live updates of current price action relative to the last identified
swing high/low. This includes:
- Current distance from the last pivot point.
- Percentage change since the last pivot.
- Volume traded since the last pivot.
4. Fibonacci Retracement Levels:
- Integrated Fibonacci retracement levels are dynamically calculated based on the most
recent significant swing high and low.
- Key retracement levels (23.6%, 38.2%, 50%, 61.8%, and 78.6%) are plotted alongside the Zig
Zag lines, helping traders identify potential support/resistance zones.
- Extension levels (100%, 161.8%, etc.) are also included to anticipate possible breakout
targets.
5. Customizable Alerts:
- Users can configure alerts for specific real-time conditions, such as:
- Price Change
- Duration
- Volume
- Fibonacci Retracement Levels
How It Works:
1. Zig Zag Identification:
- The indicator scans historical price data to identify significant turning points where the
price moves by at least the user-defined percentage threshold.
- These turning points are connected by straight lines to form the Zig Zag pattern.
2. Cycle Analysis:
For each completed cycle (from one swing high/low to the next), the indicator calculates:
- Price Change: Difference between the start and end prices of the cycle.
- Maximum Price Change: The largest price difference observed across all cycles.
- Minimum Price Change: The smallest price difference observed across all cycles.
- Mean Price Change: The average price difference across all cycles.
- Time Duration (Bar Count): Number of bars elapsed between consecutive swings.
- Maximum Duration: The longest cycle in terms of bar count.
- Minimum Duration: The shortest cycle in terms of bar count.
- Mean Duration: The average cycle length in terms of bar count.
- Volume: Total volume traded during the cycle.
- Maximum Volume: The highest volume traded during any single cycle.
- Minimum Volume: The lowest volume traded during any single cycle.
- Mean Volume: The average volume traded across all cycles.
- These calculations provide traders with a statistical overview of market behavior, enabling
them to identify patterns and anomalies in price, time, and volume.
3. Fibonacci Integration:
- Once a new swing high or low is identified, the indicator automatically calculates Fibonacci
retracement and extension levels.
- These levels serve as reference points for potential entry/exit opportunities.
4. Real-Time Updates:
- As the market evolves, the indicator continuously monitors the relationship between the
current price and the last identified swing point.
- Real-time metrics, such as percentage change and volume, are updated dynamically.
5. Alerts Based on Real-Time Parameters:
- The indicator allows users to set customizable alerts based on real-time conditions:
- Price Change Alert: Triggered when the real-time price change is less or greater than a
predefined percentage threshold (e.g., > or < fixed value).
- Duration Alert: Triggered when the cycle duration (in bars) is less or greater than a
predefined
bar count threshold (e.g., > or < fixed value).
- Volume Alert: Triggered when the trading volume during the current cycle is less or greater
than a predefined volume threshold (e.g., > or < fixed value).
Advantages of Zig-Zag Cycle Insigth
- Comprehensive Insights: Combining cycle analysis, Fibonacci retracements, and real-time data
provides a holistic view of market conditions.
- Statistical Analysis: The inclusion of maximum, minimum, and mean values for price change,
duration, and volume offers deeper insights into market behavior.
- Actionable Signals: Customizable alerts ensure traders never miss critical market events based
on real-time price, duration, and volume parameters.
- User-Friendly Design: Clear visuals and intuitive controls make it accessible for traders of all
skill levels.
Reference:
TradingView/ZigZag
TradingView/AutofibRetracement
Please Note:
This indicator is provided for informational and educational purposes only. It is not financial advice, and it should not be considered a recommendation to buy, sell, or trade any financial instrument. Trading involves significant risks, including the potential loss of your entire investment. Always conduct your own research and consult with a licensed financial advisor before making any trading decisions.
The results and images provided are based on algorithms and historical/paid real-time market data but do not guarantee future results or accuracy. Use this tool at your own risk, and understand that past performance is not indicative of future outcomes.
