EMI, RSI, Pivot based technical Indicators

4 Apr

Multi-Indicator Trading Toolkit for Comprehensive Market Analysis

This Pine Script-based trading tool integrates multiple technical indicators to provide traders with a holistic view of market trends, volatility, and key price levels. Designed for flexibility, the script allows users to customize settings to match their trading strategy.
Key Features & Functionalities
1. Exponential Moving Averages (EMA)

Plots four configurable EMAs (default: 9, 21, 50, and 200) to identify trend direction and potential support/resistance zones.

2. Relative Strength Index (RSI)

Calculates RSI (default length: 14) to highlight overbought (70) and oversold (30) market conditions.

Customizable thresholds allow traders to adapt the RSI to different market conditions.

3. Pivot Points with Support & Resistance Levels

Computes pivot levels based on the previous day’s high, low, and close.

Includes dynamic support (S1-S5) and resistance (R1-R5) levels to assist in trade decision-making.

4. Volume-Weighted Average Price (VWAP)

Tracks the average price weighted by volume over a session, helping traders determine fair value zones.

5. Opening Range Breakout (ORB)

Identifies potential breakout opportunities based on the highest and lowest price within a user-defined opening range (5m, 15m, or 30m, etc.).

Highlights these levels to assist in trade entries and exits.

6. Multi-Timeframe RSI Analysis

Retrieves and displays RSI values from multiple timeframes (e.g., 1m, 5m, 15m, 1H, 1D).

Helps traders analyze RSI trends across different timeframes in a single view.

7. Volatility Index (VIX) Tracking

Monitors VIX data to gauge market volatility.

Displays daily percentage change and short-term variations (15 min, 1 hour), aiding in risk assessment.

8. Dynamic Table Display

Organizes key data (RSI values, VIX levels, and volatility changes) in customizable tables for an easy-to-read format.

Users can modify table position, colors, and display settings for personalized analysis.

9. Advanced Plotting for Visual Clarity

Clearly plots EMA, RSI, pivot levels, ORB levels, VWAP, and VIX movements on the chart.

Uses distinct colors and styles to enhance readability.

10. Customizable Inputs for Personalized Analysis

Provides a user-friendly input panel to modify settings, including EMA periods, RSI thresholds, ORB duration, table position, and plotting preferences.

Enables traders to tailor the script to their preferred trading style.

🧠 How the Indicators Work Together (Strategy Logic)

This script is not just a visual dashboard of common indicators — it’s a cohesive trading assistant designed to help traders make data-driven decisions through multi-layered confluence logic:

1. Trend Confirmation using EMAs:

The combination of 9/21/50/200 EMAs filters trades based on overall trend strength.

For example, long trades are considered only when the 21 EMA is above the 50 EMA and price is above the 9 EMA, confirming bullish momentum.

2. Momentum Alignment via Multi-Timeframe RSI:

Traditional RSI can give early or false signals. This script fetches RSI values from multiple timeframes (1m, 5m, 15m, 1H, 1D) to identify consistent strength or weakness across market structures.

3. Only when RSI is oversold/overbought across multiple timeframes does the signal become valid — reducing noise.

Breakout Confirmation with ORB + VWAP:

The script detects opening range breakouts (ORB) and filters them using VWAP and EMA zones to confirm whether breakouts are supported by volume and trend.

For instance, a long breakout above the ORB high is validated only when price is also above VWAP and EMAs align.

4. Volatility Context with VIX:

Incorporates VIX changes (live, 15m, 1h) to assess whether market conditions favor breakouts or consolidation.

If VIX is rising sharply, the script highlights caution zones — useful for adjusting position size or avoiding false breakouts.

5. Dynamic Signal Filtering:

Instead of triggering alerts directly, this script displays aligned conditions visually in a dynamic table.

Traders can see at a glance whether all confluence layers are in agreement, helping reduce over trading and enhance timing.

🌟 What Makes This Script Unique

✅ Strategic Integration of trend, momentum, volatility, and range-breakout concepts — not just plotted indicators.

✅ Multi-timeframe RSI logic presented in a table — letting traders spot alignment across timeframes without switching charts.

✅ Built-in volatility filter (VIX) for risk context, a feature rarely combined with ORB and trend indicators in a single script.

✅ Adaptive to all timeframes and instruments, especially useful for high-beta indices like Bank Nifty or Nasdaq.

✅ User-friendly customization, allowing traders to tailor everything from ORB window size to table position and indicator settings.

This all-in-one trading toolkit is designed for traders seeking a structured, data-driven approach to technical analysis. Whether you’re a short-term trader or a long-term investor, this script offers the flexibility and insight needed to navigate the markets effectively.

13 Apr

Nota Keluaran

Second update Table overview : 13th April

1. Gap % included, Gap will be compared from previous close to next day opening price.
2. Will check whether the prices are within yesterday range or trading above / below range
3. Will check price is trading within 15 min range or broken on which side
4. Weekly ATR calculated and Price range is shown
5. Based on VIX range calculated for a week and displayed
6. Price trading above prev day high or below shown
7. Whether prev day low or high broken listed in the table
8. Trend for 5 min to 1 week calculated, based on RSI above 50 and ADX D+ above 25
9. Range bound will be calculated based on past 15 min market movement.
10. Today open price displayed for reference, similarly previous day closing price shown for reference.

Table 2 :
EMA with different time frame given as table, EMA 20, 50 & EMA 200.

Indicator update : VWAP color will change, based on price trading above the VWAP or below VWAP
Pivot, S1 to S5 & R1 to R5. Prev Day high & Prev Day low - Label added for easily understanding.

VIX Table removed, EMA table modified.

📊 Indicator Overview: Advanced Market Structure & Volatility Table

This indicator provides a comprehensive market structure analysis, volatility assessment, and dynamic levels tracking for intraday and swing traders. It includes the following features:

🧠 Core Market Insights

Gap % Calculation:
Displays the percentage gap between the previous day's close and the current day's open to quickly identify gap-up or gap-down scenarios.

Yesterday’s Range Context:
Real-time check to determine if the current price is within, above, or below the previous day's high-low range.

15-Minute Initial Range Breakout:
Highlights whether the current price is inside the first 15-minute range or has broken above/below, indicating possible trend initiation or continuation.

Weekly ATR & Range Display:
Displays the current week's price movement against the calculated weekly ATR, helping traders gauge expansion or contraction in volatility.

VIX-Based Weekly Range Projection:
Uses VIX-derived metrics to estimate expected weekly price range and potential market volatility.

Previous Day High/Low Break Status:
Real-time update on whether the price has broken above the previous day's high or below its low—crucial for breakout or reversal strategies.

Trend Strength Table (5m to 1W):
Multi-timeframe trend status using RSI > 50 and ADX +DI > 25 logic. Shows trend alignment or divergence across intervals from 5 minutes to 1 week.

Range-Bound Market Detection:
Evaluates price action over the recent 15 minutes to determine if the market is consolidating or ranging, helping identify breakout potential.

Open/Close Reference Markers:
Displays the today’s opening price and previous day's close, essential for support/resistance and gap trading strategies.

✅ Designed for:

Intraday & Swing Traders

Range-Bound vs. Breakout Strategy Traders

Traders using Volatility and Trend Confirmation Models

⚠️ Disclaimer:

This indicator is intended for educational and informational purposes only. It does not constitute financial advice, investment recommendation, or a solicitation to buy or sell any financial instruments. Always perform your own analysis and consult with a qualified financial advisor before making any trading or investment decisions. The creator of this script is not responsible for any financial losses incurred from the use of this tool.


First Update : 4th April
Multi-Indicator Trading Toolkit for Comprehensive Market Analysis

This Pine Script-based trading tool integrates multiple technical indicators to provide traders with a holistic view of market trends, volatility, and key price levels. Designed for flexibility, the script allows users to customize settings to match their trading strategy.
Key Features & Functionalities
1. Exponential Moving Averages (EMA)

Plots four configurable EMAs (default: 9, 21, 50, and 200) to identify trend direction and potential support/resistance zones.

2. Relative Strength Index (RSI)

Calculates RSI (default length: 14) to highlight overbought (70) and oversold (30) market conditions.

Customizable thresholds allow traders to adapt the RSI to different market conditions.

3. Pivot Points with Support & Resistance Levels

Computes pivot levels based on the previous day’s high, low, and close.

Includes dynamic support (S1-S5) and resistance (R1-R5) levels to assist in trade decision-making.

4. Volume-Weighted Average Price (VWAP)

Tracks the average price weighted by volume over a session, helping traders determine fair value zones.

5. Opening Range Breakout (ORB)

Identifies potential breakout opportunities based on the highest and lowest price within a user-defined opening range (5m, 15m, or 30m, etc.).

Highlights these levels to assist in trade entries and exits.

6. Multi-Timeframe RSI Analysis

Retrieves and displays RSI values from multiple timeframes (e.g., 1m, 5m, 15m, 1H, 1D).

Helps traders analyze RSI trends across different timeframes in a single view.

7. Volatility Index (VIX) Tracking

Monitors VIX data to gauge market volatility.

Displays daily percentage change and short-term variations (15 min, 1 hour), aiding in risk assessment.

8. Dynamic Table Display

Organizes key data (RSI values, VIX levels, and volatility changes) in customizable tables for an easy-to-read format.

Users can modify table position, colors, and display settings for personalized analysis.

9. Advanced Plotting for Visual Clarity

Clearly plots EMA, RSI, pivot levels, ORB levels, VWAP, and VIX movements on the chart.

Uses distinct colors and styles to enhance readability.

10. Customizable Inputs for Personalized Analysis

Provides a user-friendly input panel to modify settings, including EMA periods, RSI thresholds, ORB duration, table position, and plotting preferences.

Enables traders to tailor the script to their preferred trading style.

🧠 How the Indicators Work Together (Strategy Logic)

This script is not just a visual dashboard of common indicators — it’s a cohesive trading assistant designed to help traders make data-driven decisions through multi-layered confluence logic:

1. Trend Confirmation using EMAs:

The combination of 9/21/50/200 EMAs filters trades based on overall trend strength.

For example, long trades are considered only when the 21 EMA is above the 50 EMA and price is above the 9 EMA, confirming bullish momentum.

2. Momentum Alignment via Multi-Timeframe RSI:

Traditional RSI can give early or false signals. This script fetches RSI values from multiple timeframes (1m, 5m, 15m, 1H, 1D) to identify consistent strength or weakness across market structures.

3. Only when RSI is oversold/overbought across multiple timeframes does the signal become valid — reducing noise.
Note old data slightly removed.