Dual Bollinger BandsIndicator Name:
Double Bollinger Bands (2-9 & 2-20)
Description:
This indicator plots two sets of Bollinger Bands on a single chart for enhanced volatility and trend analysis:
Fast Bands (2-9 Length) – Voilet
More responsive to short-term price movements.
Useful for spotting quick reversals or scalping opportunities.
Slow Bands (2-20 Length) – Black
Smoother, trend-following bands for longer-term context.
Helps confirm broader market direction.
Both bands use the standard settings (2 deviations, SMA basis) for consistency. The transparent fills improve visual clarity while keeping the chart uncluttered.
Use Cases:
Trend Confirmation: When both bands expand together, it signals strong momentum.
Squeeze Alerts: A tight overlap suggests low volatility before potential breakouts.
Multi-Timeframe Analysis: Compare short-term vs. long-term volatility in one view.
How to Adjust:
Modify lengths (2-9 and 2-20) in the settings.
Change colors or transparency as needed.
Why Use This Script?
No Repainting – Uses standard Pine Script functions for reliability.
Customizable – Easy to tweak for different trading styles.
Clear Visuals – Color-coded bands with background fills for better readability.
Ideal For:
Swing traders, day traders, and volatility scalpers.
Combining short-term and long-term Bollinger Band strategies.
Penunjuk Breadth
Dual Pwma Trends [ZORO_47]Key Features:
Dual PWMA System: Combines a fast and slow Parabolic Weighted Moving Average to identify momentum shifts and trend changes with precision.
Dynamic Color Coding: The indicator lines change color to reflect market conditions—green for bullish crossovers (potential buy signals) and red for bearish crossunders (potential sell signals), making it easy to interpret at a glance.
Customizable Parameters: Adjust the fast and slow PWMA lengths, power settings, and source data to tailor the indicator to your trading style and timeframe.
Clean Visualization: Plotted with bold, clear lines (3px width) for optimal visibility on any chart, ensuring you never miss a signal.
How It Works:
The indicator calculates two PWMAs using the imported ZOROLIBRARY by ZORO_47. When the fast PWMA crosses above the slow PWMA, both lines turn green, signaling a potential bullish trend. Conversely, when the fast PWMA crosses below the slow PWMA, the lines turn red, indicating a potential bearish trend. The color persists until the next crossover or crossunder, providing a seamless visual cue for trend direction.
Ideal For:
Trend Traders: Identify trend reversals and continuations with clear crossover signals.
Swing Traders: Use on higher timeframes to capture significant price moves.
Day Traders: Fine-tune settings for faster signals on intraday charts.
Settings:
Fast Length/Power: Control the sensitivity of the fast PWMA (default: 12/2).
Slow Length/Power: Adjust the smoother, slower PWMA (default: 21/1).
Source: Choose your preferred data input (default: close price).
Chess Game🧠 Concept
This script is an experimental chess game simulation built entirely in Pine Script, rendered as an overlay on a trading chart. It does not support interactivity like mouse clicks or real-time move detection, but instead relies on manual inputs to simulate moves and visualize board state.
This was created purely for educational purposes—to test the creative boundaries of Pine Script and explore how far visual scripting can be pushed within the limits of a financial charting tool.
🎯 Goals
Render a full 8×8 chessboard with labeled rows (1–8) and columns (a–h)
Display all pieces using Unicode chess symbols
Allow users to simulate moves using manual input
Validate basic move legality
Display turn status, current move, and instructions
🔧 How It Works
Chessboard Rendering
Uses tabel.new() to display 64 tiles and corresponding pieces.
Light and dark squares alternate based on standard chessboard layout logic ((row + column) % 2).
Pieces
All pieces (white and black) are placed at their initial positions using Unicode characters:
♙ ♖ ♘ ♗ ♕ ♔ for White
♟︎ ♜ ♞ ♝ ♛ ♚ for Black
⚠️ Limitations
Pine Script is not a general-purpose programming language. This game is non-interactive and must be controlled using input.int() and input.bool() for every move.
No click or drag-and-drop functionality.No timers, clocks, or multiplayer.No automated check/checkmate detection (yet!).No visual indication of selected squares (though that could be added with color-coded highlights)
📌 Why I Built This
TradingView is made for charting markets, but I wanted to see how far I could stretch it. Chess is grid-based like many financial charts, so I challenged myself to bring chess logic into Pine Script just for fun and learning.
SMC ICT – Simplified Daily Trend & Reversal AnalyzerThis Pine Script provides a simplified approach to analyzing daily trends and potential reversals using concepts inspired by Smart Money Concepts (SMC) and ICT (Inner Circle Trader).
What It Does:
• Detects daily uptrend and downtrend conditions by comparing the current daily high/low to the previous day’s values.
• Highlights potential bullish or bearish reversal zones when price behavior suggests a shift in sentiment.
• Automatically draws dashed lines for the previous day's high and low.
• Labels these high/low levels for quick visual reference.
How to Use:
Apply this indicator to any timeframe chart. Use the plotted trend markers to assess daily direction and potential reversal signals. The dashed lines (previous high/low) can be used as reference points for liquidity zones or break/retest entries.
User Interface:
The indicator displays labels and shapes in English. This script is intended for educational and trading workflow enhancement purposes.
Note:
This is an open-source tool designed for clarity and basic SMC/ICT application. It is best used in combination with other confluences like FVGs, order blocks, and liquidity sweeps.
Premarket High/Low (Horizontal Rays)=== Script Description ===
This TradingView script automatically detects and displays the high and low prices
during the premarket session (04:00–09:30 Eastern Time) for the current trading day.
It draws horizontal rays that extend across the chart and labels them as "PM High" and "PM Low".
These markers are refreshed daily and only apply to today's session.
The script also provides full customization for:
- Line color, width, and style (solid, dotted, dashed)
- Label text color, background color, size, and style (left, right, up, down)
Time note: This script assumes data aligned with U.S. market hours.
RTH Session Range Position (0-100) with EMAA Pine Script indicator designed to help traders understand where the current price is located within the Regular Trading Hours (RTH) session range, from 0 (session low) to 100 (session high). It also plots a smoothed EMA of this position to provide insight into momentum or trend during the RTH session.
What the Indicator Does
Defines RTH (Regular Trading Hours):
Start: 9:30 AM
End: 4:00 PM
These are typical US equity market hours.
Tracks the session's high and low during RTH:
sessionHigh and sessionLow update only during RTH.
Calculates position of the current price within the RTH range:
Formula: ((close - sessionLow) / (sessionHigh - sessionLow)) * 100
Result is a percentage:
0 = at session low
100 = at session high
50 = middle of session range
Calculates an EMA of that position (posEMA):
Smooths out the raw position to help visualize momentum within the range.
Plots and table:
Plots pos and posEMA on a separate chart pane.
Adds horizontal lines at key levels (0, 30, 50, 70, 100).
Table shows current values for Position, EMA, and Range.
Visual cues:
bgcolor highlights when pos crosses over or under the EMA — potential momentum shifts.
Alerts:
Cross above/below 50 (session midpoint).
Cross above/below EMA.
How to Use It Effectively
1. Session Strength & Momentum
Position above 70: Price is near session highs — strong upward momentum.
Position below 30: Price is near session lows — strong downward momentum.
Use the EMA of position to filter out noise and identify trends.
2. Breakout or Reversal Detection
Cross above EMA: Momentum may be turning bullish.
Cross below EMA: Momentum may be turning bearish.
These crosses (especially near mid-levels like 50) can hint at session trend shifts.
3. Range Context for Entries
If you're a mean-reversion trader, look for:
Price > 70 + turning down below EMA → possible short.
Price < 30 + turning up above EMA → possible long.
For breakout traders, you might wait for:
Crosses above 70 with EMA support.
Crosses below 30 with EMA resistance.
4. Confirmation Tool
Use this indicator alongside others to confirm:
Whether price action has strength within the day.
Whether breakouts have real momentum or are extended already.
RTH Session Highs & LowsA Pine Script indicator designed to track and plot the Regular Trading Hours (RTH) session highs and lows on a chart, typically for U.S. equity markets (e.g., S&P 500, Nasdaq, etc.), which operate from 9:30 AM to 4:00 PM Eastern Time.
Session High & Low Lines:
During the RTH session, the indicator draws green and red horizontal lines that represent the highest and lowest price seen so far within that trading session.
These levels help traders identify intraday support (low) and resistance (high) levels.
New High/Low Markers:
Small triangle markers are placed:
Above the bar when a new intraday high is made (green triangle).
Below the bar when a new intraday low is made (red triangle).
This visually flags when momentum may be building or reversing.
Intraday Strategy Support:
Use the session high/low as dynamic support/resistance for scalping or breakout strategies.
For example:
Breakouts above session highs may indicate bullish strength.
Breakdowns below session lows may suggest bearish momentum.
Mean Reversion Tactics:
Prices approaching these lines and then rejecting can be used for mean reversion setups.
Combine with volume or candlestick patterns for confirmation.
Risk Management:
Set stops or targets relative to session highs/lows.
For instance, use session high as a stop-loss level in a short position.
Volatility Gauge:
Tracking how frequently new highs/lows are formed can help assess intraday volatility or range expansion.
Complement with Indicators:
Combine this with our "McGinley Dynamic Channel with Directional Shading" indicator or our "EMA Crossover with Shading" indicator to add context to breakouts or rejections.
RESHAIndicator Name: RESHA – Static Price Levels
Description:
The RESHA indicator is a simple tool that allows traders to manually define multiple horizontal price levels on the chart. These levels are displayed as horizontal lines, each extending a customizable number of candles forward. Traders can input a comma-separated list of prices, which are then plotted automatically on the chart.
Features:
📍 Custom input box for price levels (comma-separated).
📏 Adjustable line length in bars.
Visual price labels at the end of each level.
Clean and minimalistic design, perfect for support/resistance zones or static analysis.
This tool is ideal for traders who want to keep key price zones visible at all times without relying on dynamic calculations or automated indicators.
HTF ReversalsHTF Reversals — Big Turtle Soup & Relief Patterns
A multi-timeframe reversal indicator based on the logic of how pivots form and how true reversals begin. Designed for traders who want to catch high-probability turning points on higher timeframes, with visual clarity and actionable signals.
“Reversals don’t start from nowhere — they begin with a failed expansion and a reclaim of a prior range. This script helps you spot those moments, before the crowd.”
How It Works
Detects High Timeframe (HTF) “CR” Candles:
The script scans for large-bodied candles (“CR” candles) on higher timeframes (Monthly, Weekly, 3-Day). These candles often mark the end of a trend expansion and the start of a potential reversal zone.
Looks for “Inside” Candles:
After a CR candle, the script waits for a smaller “inside” candle, which signals a pause or failed continuation. The relationship between the CR and inside candle is key for identifying a possible reversal setup.
Engulfing Confirmation (Optional):
If the inside candle doesn’t immediately trigger a reversal, the script can wait for an engulfing move in the opposite direction, confirming the failed expansion and increasing the probability of a reversal.
Entry & Target Calculation:
For each valid setup, the script calculates a retracement entry (using Fibonacci levels like 0.382 or 0.618) and a logical target (usually the CR candle’s high or low).
Visuals: Lines & Boxes:
Each signal is marked with a horizontal line (entry) and a colored box extending from the HTF close to the entry price, visually highlighting the reversal zone for the same duration as the signal’s expected play-out.
Dashboard & Alerts:
A dashboard table summarizes the latest signals for each timeframe. Custom alerts notify you of new setups in real time.
Why It Works
Pivot Logic:
Reversals often start when a strong expansion candle (pivot) is followed by a failed attempt to continue in the same direction. This script codifies that logic, looking for the “pause” after the expansion and the first sign of a reclaim.
Multi-Timeframe Edge:
By focusing on higher timeframes, the indicator filters out noise and highlights only the most significant reversal opportunities.
Objective, Repeatable Rules:
All conditions are clearly defined and repeatable, removing subjectivity from reversal trading.
Visual Clarity:
The combination of lines and boxes makes it easy to see where reversals are likely to start and where your risk/reward lies.
How to Use
Add the indicator to your chart and select your preferred timeframes (Monthly, Weekly, 3-Day).
Watch for new signals on the dashboard or via alerts.
Use the entry line and box as your trade zone; the target is also displayed.
Combine with your own confluence (price action, volume, etc.) for best results.
This indicator is best used as a framework for understanding where high-probability reversals are likely to occur, not as a standalone buy/sell tool. Always use proper risk management.
Custom Sector Relative Strength (sector rotation)📌 Indicator Summary for “Custom Sector Relative Strength (sector rotation)”
🔹 Overview:
This Pine Script indicator calculates and displays the relative strength performance of up to 25 customizable sectors or ETFs compared to a user-defined benchmark index (e.g., SPY, TASI.TAD, etc.).
It helps traders and analysts identify which sectors are outperforming or underperforming relative to the benchmark over different time frames.
________________________________________
🔹 Calculation Method:
For each sector, the indicator:
1. Retrieves the current and past closing prices for both the sector and the benchmark.
2. Computes the ratio of the sector's price to the benchmark at both time points.
3. Calculates the percentage change in this ratio over the selected lookback period:
4. Relative Strength (%) = ((Current_Ratio / Past_Ratio) - 1) * 100
5. Assigns a direction symbol:
o ↑ for positive outperformance
o ↓ for underperformance
o → for no significant change
6. Applies a color code for clarity:
o Green for ↑
o Red for ↓
o Gray for →
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🔹 How to Use:
1. Set your benchmark index (e.g., SPY or TASI.TAD) from the settings panel.
2. Choose a lookback period: 1 Day, 1 Week, 1 Month, 3 Months, 6 Months, or 1 Year.
3. Define up to 25 sectors:
o Enter the symbol and name of each sector.
o Toggle the Show option on/off to include/exclude any sector.
4. The script will sort the sectors from strongest to weakest based on their relative performance.
5. Results are displayed in a dynamic table on the chart showing:
o Ticker
o Sector Name
o Relative % Performance
o Direction Indicator (↑ ↓ →)
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🔹 Practical Uses:
• Sector rotation strategies
• Market breadth analysis
• Benchmark-relative strength monitoring
• Multi-sector ETFs or custom group comparisons
• Saudi, US, or global sector analysis
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Let me know if you'd like an Arabic version or want this formatted as a PDF or used as a code comment section.
High/Low Digit SumNAMAN SHAH
Its about the high low total of a candle only for gold where if highs total is 9 then its a chance that it will not break the high for a long time and it will be a good opportunity for short
And vise versa
Multi-Timeframe S&R Zones (Shaded)This indicator automatically plots support and resistance zones based on recent price action across multiple timeframes:
🟥 Daily
🟧 4-Hour
🟨 1-Hour
🟩 30-Minute
🟦 5-Minute
Each zone is color-coded by timeframe and represented as a shaded region instead of a hard line, giving you a clearer and more dynamic view of key market levels. The zones are calculated from recent swing highs (resistance) and swing lows (support), and each zone spans ±5 pips for precision.
Only the most recent levels are displayed—up to 3 per timeframe—and are limited to the last 48 hours to avoid chart clutter and keep your workspace clean.
✅ Key Benefits:
Price Action Based: Zones are drawn from actual market structure (swings), not arbitrary levels.
Multi-Timeframe Clarity: View confluence across major intraday and higher timeframes at a glance.
Color-Coded Zones: Instantly distinguish between timeframes using intuitive colour coordination.
Clean Charts: Only shows the latest relevant levels, automatically expires old zones beyond 48 hours.
Flexible & Lightweight: Built for Tradingview Essential; optimized for performance.
FX Majors (+CN) Currency Basket ComparisonDescription:
This indicator shows how individual FX major currencies (including CNY) have performed relative to each other. It calculates each currency's performance against a "Trade Weighted" basket of other major currencies.
I created this because I couldn't find it, and I wanted an easy way to see currency behaviour and flows.
Purpose:
It lets you see the relative strength and weakness of each currency, similar to how the DXY measures USD strength, but for all the major currencies. Each basket and currency weights are based on Trade Weighted values from literature/economics.
This way you can maybe decide which crosses / pairs to trade.
Can helps you visualise how events (economic, news or otherwise) affect currency flows.
Features:
Relative Performance: Focuses on how a currency's value has changed over time, rather than its absolute level.
Normalization: Adjusts currency values to a starting date, making it easy to compare their performance.
Adjustable Start Date: You can set the anchor date to choose the starting point for calculating relative performance.
Customizable Weights: The indicator allows you to use custom weights for each currency basket should you wish.
Enhanced Volume w/ Pocket Pivots, Milestones & LiquiditySure! Here’s a professional and clear **description** you can use when saving or publishing the script on TradingView:
---
## 📄 Script Description: *Enhanced Volume w/ Pocket Pivots, Milestones & Liquidity*
This custom volume indicator enhances the default volume view by combining key institutional-level insights into a single tool. It highlights meaningful volume activity, liquidity conditions, and milestone events to help traders better understand accumulation/distribution and smart money participation.
### 🔍 Features:
* **Color-coded volume bars**:
* 🔵 **Pocket Pivot Volume (PPV)**: Up-day with volume > highest down-day volume of last 10 bars.
* 🟢 **Up Volume**: Up-day with volume > 50-day average.
* 🔴 **Down Volume**: Down-day with volume > 50-day average.
* 🟠 **Dry Volume**: Low-volume bars < 20% of 50-day average.
* ⚫ **Neutral/Other bars**: No significant signal.
* **Volume Milestones**:
* **HVE**: Highest volume ever (20 years lookback).
* **HVY**: Highest volume in the past 1 year (252 bars).
* **HVQ**: Highest volume in the past quarter (63 bars).
* **Projected Volume**:
* Real-time estimate of end-of-day volume based on elapsed session time.
* **Liquidity Metrics**:
* Displays current and 50-day average dollar volume.
* Estimates 1-minute liquidity for large-position feasibility.
* **Relative Volume Label**:
* Displays how today’s volume compares to the 50-day average.
* **Alerts Included**:
* Set alerts for HVE, HVY, and HVQ to catch key breakout or climactic volume events.
---
### 🧠 Ideal For:
* Growth stock traders
* Volume/price analysts
* Intraday & swing traders
* Institutions or prop traders needing liquidity benchmarks
---
Let me know if you'd like a short or promotional version (for sharing with others).
S&P 500 Estimated PE (Sampled Every 4)📊 **S&P 500 Estimated PE Ratio (from CSV)**
This indicator visualizes the forward-looking estimated PE ratio of the S&P 500 index, imported from external CSV data.
🔹 **Features:**
- Real historical daily data from 2008 onward
- Automatically aligns PE values to closest available trading date
- Useful for macro valuation trends and long-term entry signals
📌 **Best for:**
- Investors interested in forward-looking valuation
- Analysts tracking over/undervaluation trends
- Long-term timing overlay on price action
Category: `Breadth indicators`, `Cycles`
SP 500 PE Ratio (Loose Date Match)📈 **S&P 500 PE Ratio (from Excel Data)**
This custom indicator visualizes the historical S&P 500 Price-to-Earnings (PE) Ratio loaded from Excel. Each data point represents a snapshot of the market valuation at a specific time, typically on an annual or quarterly basis.
🔹 **What it does:**
- Plots the PE ratio values on the chart aligned with historical dates
- Uses stepwise or linear rendering to account for missing trading days
- Helps identify valuation cycles and extremes (e.g., overvalued vs undervalued)
🔍 **Use case:**
- Long-term market analysis
- Compare PE trends with price performance
- Spot long-term entry/exit zones based on valuation
🛠️ Future plans:
- Add value zone highlighting (e.g., PE > 30 = red, PE < 15 = green)
- Support for dynamic datasets (via Google Sheets or Notion)
Category: `Breadth indicators`, `Cycles`
💡 Source: Manually imported data (can be replaced with any custom macro data series)
Market Breadth Toolkit [LuxAlgo]The Market Breadth Toolkit allows traders to use up to 6 different market breadth measures on two different exchanges, for a total of 12 different views of the market.
This toolkit includes divergence detection and allows setting custom fixed levels for traders who want to experiment with them.
🔶 USAGE
The main idea behind Breadth is to measure the number of advancing and declining issues and/or volume by exchange to have an idea of the underlying strength of the whole exchange.
On the other hand, thrusts represent big impulses in the breadth, as it is described by technicians to be the start of a new bullish trend.
By default, the Toolkit is set to "Breadth Thrust Zweig", with divergences enabled.
We will now explain all the different breadth measures available in the toolkit.
🔹 Deemer Breakaway Momentum
The "Breakaway Momentum" is a concept related to market breadth introduced by legendary technical analyst Walter Deemer.
As stated on his website:
We coined the term "breakaway momentum" in the 1970's to describe this REALLY powerful upward momentum
and:
We now know that the stock market generates breakaway momentum when the 10-day total advances on the NYSE are greater than 1.97 times the 10-day total NYSE declines OR the 20-day total advances on the NYSE are greater than 1.72 times the 20-day total NYSE declines.
As we can see in the chart above, which shows both methods, momentum is identified when the ratio of advancing issues to declining issues is greater than 1.97 for the 10-day average or 1.72 for the 20-day average.
🔹 Zweig Breadth Tools
Legendary trader and author Marting Zweig, best known as the author of "Winning on Wall Street" and the creator of the Put/Call Ratio.
In this toolkit, we feature two of his other tools:
Breadth Thrust: Number of Advancing / (Number of Advancing + Number of Declining Stocks)
Market Thrust: (Number of Advancing × Advancing Volume) — (Number of Declining Stocks × Declining Volume)
As we can see on the above chart, the Breadth Thrust printed a new signal on April 24, 2025, which is a bullish signal on the daily chart that can last several months, considering the previous signals.
On the right side, we have the Market Thrust as the delta between advancing minus declining volume weighted.
🔹 Whaley Measures
Wayne Whaley received the 2010 Charles Dow Award from the CMT Association, as stated on their website: "In 1994, the CMT Association established the Charles H. Dow Award to recognize outstanding research in technical analysis."
We include two of the tools from this paper:
Advance Decline Thrust: Number of Advancing / (Number of Advancing + Number of Declining Stocks)
Up/Down Volume Thrust Advancing Volume / (Advancing Volume + Declining Volume)
The chart above shows Thrust signals at extreme readings as described in the paper.
🔹 Divergences
The divergence detector is enabled by default, traders can disable it and fine-tune the detection length in the settings panel.
🔹 Fixed Levels
Traders can adjust the Thrust detection thresholds in the settings panel.
In the image above, we can see the Deemer Breakaway Momentum 10 with the original threshold (below) and with the 3.0 threshold (above).
🔶 SETTINGS
Breadth: Choose between 6 different breadth thrust measurement methods.
Data: Choose between NYSE or NASDAQ exchanges.
Divergences: Enable/Disable divergences and select the length detection.
🔹 Levels
Use Fixed Levels: Enable/Disable Fixed Levels.
Top Level: Select the top-level threshold.
Bottom Level: Select bottom level threshold.
Levels Style: Choose between dashed, dotted, or solid style.
🔹 Style
Breadth: Select breadth colors
Divergence: Select divergence colors
PER x RangeThis Pine Script calculates the target price of the Nikkei Average based on the EPS (Earnings Per Share) and different PER (Price-to-Earnings Ratio) multiples ranging from 17.5x to 12x, in increments of 0.5x. It then plots these target prices on the chart.
Key Features:
Input EPS: You can manually input the current EPS value of the Nikkei Average (the example uses 2380, but you can replace it with the actual EPS).
PER Multiples Calculation: The script calculates target prices for different PER multiples (17.5x, 17x, 16.5x, ..., down to 12x).
Plotting Target Prices: The calculated target prices (EPS * PER) are plotted on the chart as blue lines, showing you different target price scenarios based on varying PER multiples.
Ind JDV 2.2 PRO🛡️ Ind JDV 2.0 PRO – Chandelier Exit + FVG + EMA (Precise Entry)
Description:
Ind JDV 2.0 PRO is an advanced indicator that combines three powerful confirmations to find the best trading opportunities:
Chandelier Exit: Filters trade direction based on volatility breakouts controlled by ATR.
Fair Value Gap (FVG): Detects price inefficiency zones at their very first appearance.
EMA (Exponential Moving Average): Acts as a trend filter to ensure trading with the dominant market flow.
🔍 Key Features:
Marks only one precise signal on the candle where the FVG starts.
Confirms the trend using a 150-period EMA (fully adjustable).
Optionally draws Take Profit and Stop Loss target lines for clear visual guidance.
Background color changes (green or red) to reflect the active market trend.
Built-in automatic alerts for buy or sell opportunities.
Optimized code for maximum speed across all timeframes.
✅ Perfect for trading indices, forex, cryptocurrencies, and stocks.
✅ Compatible with all timeframes (5m, 15m, 1H, 4H, Daily).
✅ Fully customizable to fit scalping, intraday, or swing trading styles.
⚙️ Default Parameters:
ATR Period: 10
ATR Multiplier: 3.0
EMA Period: 150
FVG Lookback: 3 candles
Take Profit: 100 points
Stop Loss: 50 points
(All values are adjustable in settings.)
📈 How it works:
The indicator analyzes price structure.
Detects a valid Fair Value Gap (FVG) formation.
Confirms the breakout with a Chandelier Exit signal.
Verifies price alignment with the EMA trend.
Triggers a single entry signal (BUY or SELL) exactly on the first candle that meets all conditions.
🚀 Optimize your trading by focusing on high-probability zones, supported by solid confirmations and clean visual signals.
Add Ind JDV 2.0 PRO to your trading arsenal and take your strategy to the next level! 🔥
5m Gold Strategy - Session Break + Previous Day High/LowHere is your complete Pine Script v5 code for TradingView that:
Implements your 5-minute Gold breakout strategy.
Uses previous day high/low levels.
Confirms entry based on 15-minute SMA trend (SMA 9 > SMA 21).
Marks session time.
Filters news time (pause trading 15 minutes before/after major red news from ForexFactory).
OBV by readCrypto
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OBV is used as a leading indicator to predict stock price movements by measuring changes in trading volume.
Reflecting the cumulative value of trading volume,
- When the price rises, if the trading volume increases, OBV rises,
- When the price falls, if the trading volume decreases, OBV falls.
Therefore, the movement of the OBV indicator must be checked along with the price movement, and it has the disadvantage of being unreliable for coins (tokens) with low trading volume.
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(First interpretation method)
By adding a signal line for the OBV indicator,
- If the OBV indicator moves above the signal line, it is likely to show an upward trend,
- If the OBV indicator moves beyond the signal line, it is likely to show a downward trend.
This interpretation method is difficult to use in actual trading strategies because the OBV indicator often moves up and down repeatedly based on the signal line.
Therefore, it is recommended to use this interpretation method as reference when analyzing charts.
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(Second interpretation method)
Draw support and resistance lines based on the high and low points of the OBV indicator
- If the OBV indicator breaks through the previous high point, it is likely to show an upward trend,
- If the OBV indicator breaks through the previous low point, it is likely to show a downward trend.
This interpretation method is a bit more reliable than the first interpretation method, but it has the disadvantage of having to consider support and resistance lines separately based on the high and low points.
-
To compensate for this, a High line for the high point and a Low line for the low point were added.
- If the OBV indicator shows an upward breakout of each line (Low, HL2, High), the price is likely to rise,
- If the OBV indicator shows a downward breakout of each line (Low, HL2, High), the price is likely to fall.
-
Also, the Low and High lines can be interpreted like Bollinger Bands.
That is, if the Low and High lines show a contraction, the price is likely to move sideways, and if they show an expansion, the price is likely to show a trend.
Therefore, if the High line breaks upward in a contracted state,
- It is likely to show an upward trend,
- If the Low line breaks downward, it is likely to show a downward trend.
In an expanded state, you should focus on finding the point to realize profits rather than conducting new transactions.
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It is not easy to interpret the change in actual transaction volume and use it to create a trading strategy.
In particular, it is more difficult in the coin market where multiple exchanges are linked to show movements for one coin (token).
Therefore, the coin market is actively conducting transactions without referring to trading volume at all by following trends.
However, I think that if you interpret the change in trading volume and use it to find a trading point, it can help you find a more accurate trading point.
In that sense, I think that an indicator that adds the High and Low lines of the OBV indicator can be used as meaningful reference material.
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OBV는 거래량의 변화를 측정하여 주가 움직임을 예측하는 선행 지표로 활용됩니다.
거래량의 누적값을 반영하여
- 가격이 상승할 때 거래량이 증가면 OBV가 상승하고,
- 가격이 하락할 때 거래량이 줄면 OBV가 하락하게 됩니다.
따라서, 가격의 움직임과 함께 OBV 지표의 움직임을 확인하여야 하고 거래량이 적은 코인(토큰)에서는 신뢰성이 떨어지는 단점도 가지고 있습니다.
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(첫번째 해석 방법)
OBV 지표에 대한 Signal선을 추가하여
- OBV 지표가 Signal선 이상에서 이동하게 되면 상승세를 보일 가능성이 높고,
- OBV 지표가 Signal선 이항에서 이동하게 되면 하락세를 보일 가능성이 높습니다.
이러한 해석 방법은 Signal선을 기준으로 OBV 지표가 반복적으로 위아래로 움직임을 보이는 경우가 많기 때문에 실제 거래 전략에 활용되기가 어려운 면이 있습니다.
따라서, 이러한 해설 방법은 차트 분석을 할 때 참고 자료로 활용하는 것이 좋습니다.
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(두번째 해석 방법)
OBV 지표의 고점과 저점을 기준하여 지지와 저항선을 그려
- OBV 지표가 이전 고점을 상향 돌파하면 상승세를 보일 가능성이 높고,
- OBV 지표가 이전 저점을 하향 돌파하면 하락세를 보일 가능성이 높습니다.
이러한 해석 방법은 첫번째 해석 방법보다 좀 더 신뢰성이 있는 방법이지만, 고점과 저점을 기준으로 지지와 저항선을 나누어 생각해야 하는 단점이 있습니다.
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이를 보완하고자 고점에 대한 High선과 저점에 대한 Low선을 추가하였습니다.
- OBV 지표가 각 선(Low, HL2, High)을 상향 돌파하는 모습을 보이면 가격이 상승할 가능성이 높고,
- OBV 지표가 각 선(Low, HL2, High)을 하향 돌파하는 모습을 보이면 가격이 하락할 가능성이 높습니다.
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또한, Low선과 High선을 볼린저밴드와 같이 해석할 수 있습니다.
즉, Low선과 High선이 수축하는 모습을 보이면 가격은 횡보할 가능성이 높고, 확장하는 모습을 보이면 가격은 추세를 나타낼 가능성이 높습니다.
따라서, 수축한 상태에서
- High선을 상향 돌파하게 되면 상승세를 나타낼 가능성이 높고,
- Low선을 하향 돌파하게 되면 하락세를 나타낼 가능성이 높습니다.
확장된 상태에서는 신규 거래를 진행하기 보다 수익 실현할 시점을 찾는데 집중해야 합니다.
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실제 거래량의 변화를 해석하여 거래 전략을 만드는데 활용하기가 쉽지 않습니다.
특히, 하나의 코인(토큰)에 대해서 여러 개의 거래소가 연동되어 움직임을 나타내는 코인 시장에서는 더욱 어려움이 있습니다.
따라서, 코인 시장은 추세 추종으로 아예 거래량을 참고하지 않고 거래를 진행하는 방법이 활성화되어 있기도 합니다.
하지만, 거래량의 변화를 해석하여 거래 시점을 찾는데 활용한다면 보다 정확한 거래 시점을 찾는데 도움을 받을 수 있다고 생각합니다.
그러한 의미에서 OBV 지표의 High선과 Low선을 추가한 지표가 의미 있는 참고 자료로 활용될 수 있다고 생각합니다.
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HMA 200 + EMA 20 Crossover StrategyThis strategy combines a long-term trend filter using the Hull Moving Average (HMA 200) with a short-term entry trigger using the Exponential Moving Average (EMA 20).
📈 Entry Logic:
Buy Entry: When price is above the HMA 200 and crosses above the EMA 20.
Sell Entry: When price is below the HMA 200 and crosses below the EMA 20.
The strategy closes the current position and reverses on the opposite signal.
⚙️ Strategy Settings (Backtest Configuration):
Position size: 10% of equity per trade
Commission: 0.1% per trade (to simulate broker fees)
Slippage: 2 ticks (to reflect realistic fill conditions)
✅ Purpose:
This script is designed to identify high-probability trades in the direction of the overall trend, avoiding whipsaw conditions. It is useful for traders looking for a dynamic crossover-based system that filters trades based on longer-term momentum.
🔎 Make sure to test across multiple assets and timeframes. For best results, apply this strategy to liquid trending markets like major FX pairs, indices, or high-cap stocks.
Market Sentiment Index US Top 40 [Pt]▮Overview
Market Sentiment Index US Top 40 [Pt} shows how the largest US stocks behave together. You pick one simple measure—High Low breakouts, Above Below moving average, or RSI overbought/oversold—and see how many of your chosen top 10/20/30/40 NYSE or NASDAQ names are bullish, neutral, or bearish.
This tool gives you a quick view of broad-market strength or weakness so you can time trades, confirm trends, and spot hidden shifts in market sentiment.
▮Key Features
► Three Simple Modes
High Low Index: counts stocks making new highs or lows over your lookback period
Above Below MA: flags stocks trading above or below their moving average
RSI Sentiment: marks overbought or oversold stocks and plots a small histogram
► Universe Selection
Top 10, 20, 30, or 40 symbols from NYSE or NASDAQ
Option to weight by market cap or treat all symbols equally
► Timeframe Choice
Use your chart’s timeframe or any intraday, daily, weekly, or monthly resolution
► Histogram Smoothing
Two optional moving averages on the sentiment bars
Markers show when the faster average crosses above or below the slower one
► Ticker Table
Optional on-chart table showing each ticker’s state in color
Grid or single-row layout with adjustable text size and color settings
▮Inputs
► Mode and Lookback
Pick High Low, Above Below MA, or RSI Sentiment
Set lookback length (for example 10 bars)
If using Above Below MA, choose the moving average type (EMA, SMA, etc.)
► Universe Setup
Market: NYSE or NASDAQ
Number of symbols: 10, 20, 30, or 40
Weights: on or off
Timeframe: blank to match chart or pick any other
► Moving Averages on Histogram
Enable fast and slow averages
Set their lengths and types
Choose colors for averages and markers
► Table Options
Show or hide the symbol table
Select text size: tiny, small, or normal
Choose layout: grid or one-row
Pick colors for bullish, neutral, and bearish cells
Show or hide exchange prefixes
▮How to Read It
► Sentiment Bars
Green means bullish
Red means bearish
Near zero means neutral
► Zero Line
Separates bullish from bearish readings
► High Low Line (High Low mode only)
Smooth ratio of highs versus lows over your lookback
► MA Crosses
Fast MA above slow MA hints rising breadth
Fast MA below slow MA hints falling breadth
► Ticker Table
Each cell colored green, gray, or red for bull, neutral, or bear
▮Use Cases
► Confirm Market Trends
Early warning when price makes highs but breadth is weak
Catch rallies when breadth turns strong while price is flat
► Spot Sector Rotation
Switch between NYSE and NASDAQ to see which group leads
Watch tech versus industrial breadth to track money flow
► Filter Trade Signals
Enter longs only when breadth is bullish
Consider shorts when breadth turns negative
► Combine with Other Indicators
Use RSI Sentiment with trend tools to spot overextended moves
Add volume indicators in High Low mode for breakout confirmation
► Timeframe Analysis
Daily for big-picture bias
Intraday (15-min) for precise entries and exits
