SOT & SA Detector ProSOT & SA Detector Pro- Advanced Reversal Pattern Recognition
OVERVIEW
The SOT & SA Detector is an educational indicator designed to identify potential market reversal points through systematic analysis of candlestick patterns, volume confirmation, and price wave structures. SOT (Shorting of Thrust) signals suggest potential bearish reversals after upward price movements, while SA (Selling Accumulation) signals indicate possible bullish reversals following downward trends. This tool helps traders recognize key market transition points by combining multiple technical criteria for enhanced signal reliability.
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HOW IT WORKS
Technical Methodology
The indicator employs a multi-factor analysis approach that evaluates:
Wave Structure Analysis: Identifies minimum 2-bar directional waves (upward for SOT, downward for SA)
Price Delta Validation: Ensures closing price changes remain within specified percentage thresholds (default 0.3%) best 0.1.
Candlestick Tail Analysis: Measures rejection wicks using configurable tail multipliers
Volume Confirmation: Requires increased volume compared to previous periods
Pattern Confirmation: Validates signals through subsequent price action
Signal Generation Process
Pattern Recognition: Scans for qualifying candlestick formations with appropriate tail characteristics
Volume Verification: Confirms patterns with volume expansion using adjustable multiplier
Price Confirmation: Validates signals when price breaks and closes beyond pattern extremes
Signal Display: Places labeled markers and draws horizontal reference levels
Mathematical Foundation
Delta calculation: math.abs(close - close ) / close <= deltaPercent / 100
Tail analysis: (high - close ) >= tailMultiplier * (close - low ) for SOT
Volume filter: volume >= volume * volumeFactor
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KEY FEATURES
Dual Pattern Recognition: Identifies both bullish (SA) and bearish (SOT) reversal candidates
Volume Integration: Incorporates volume analysis for enhanced signal validation
Customizable Parameters: Adjustable wave length, delta percentage, tail multiplier, and volume factor
Visual Clarity: Color-coded bar highlighting, labeled signals, and horizontal reference levels
Time-Based Filtering: Configurable analysis period to focus on recent market activity
Non-Repainting Signals: Confirmed signals remain stable and do not change with new price data
Alert System: Built-in notifications for both initial signals and subsequent confirmations
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HOW TO USE
Signal Interpretation
Red SOT Labels: Appear above potential bearish reversal candles with downward-pointing markers
Green SA Labels: Display below potential bullish reversal candles with upward-pointing markers
Horizontal Lines: Extend from signal levels to provide ongoing reference points
Bar Coloring: Highlights qualifying pattern candles for visual emphasis
Trading Application
This indicator serves as an educational tool for pattern recognition and should be used in conjunction with additional analysis methods. Consider SOT signals as potential areas of selling pressure following upward moves, while SA signals may indicate buying interest after downward price action.
Best Practices
Combine with trend analysis and support/resistance levels
Consider overall market context and timeframe alignment
Use proper risk management techniques
Validate signals with additional technical indicators
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SETTINGS
Analysis Days (Default: 20)
Controls the lookback period for signal detection. Higher values extend historical analysis while lower values focus on recent activity.
Minimum Bars in Wave (Default: 2)
Sets the minimum consecutive bars required to establish directional wave patterns. Increase for stronger trend confirmation.
Max Close Change % (Default: 0.3) best 0.1.
Defines acceptable closing price variation between consecutive bars. Lower values require tighter price consolidation.
Tail Multiplier (Default: 1.0) best 1.5 or more.
Adjusts sensitivity for candlestick tail analysis. Higher values require more pronounced rejection wicks.
Volume Factor (Default: 1.0)
Sets volume expansion threshold compared to previous period. Values above 1.0 require volume increases.
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LIMITATIONS
Market Conditions
May produce false signals in highly volatile or low-volume conditions
Effectiveness varies across different market environments and timeframes
Requires sufficient volume data for optimal performance
Signal Timing
Signals appear after pattern completion, not in real-time during formation
Confirmation signals depend on subsequent price action
Historical signals do not guarantee future market behavior
Technical Constraints
Limited to analyzing price and volume data only
Does not incorporate fundamental analysis or external market factors
Performance may vary significantly across different trading instruments
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IMPORTANT DISCLAIMERS
This indicator is designed for educational purposes and technical analysis learning. It does not constitute financial advice, investment recommendations, or trading signals. Past performance does not guarantee future results. Trading involves substantial risk of loss, and this tool should be used alongside proper risk management techniques and additional analysis methods.
Always conduct thorough analysis using multiple indicators and consider market context before making trading decisions. The SOT & SA patterns represent potential reversal points but do not guarantee price direction changes.
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Credits: Original concept and Pine Script implementation by Everyday_Trader_X
Version: Pine Script v6 compatible
Category: Technical Analysis / Reversal Detection
Overlay: Yes (displays on price chart)
Candlestick analysis
Volume Engulfing DetectorThis indicator is built to detect powerful shifts in market participation by analyzing volume surges during directional candles — not traditional "engulfing" patterns based on candle body structure, but volume-driven dominance by buyers or sellers.
Instead of relying on the classic visual engulfing pattern, it flags situations where a bullish or bearish candle prints with significantly higher volume than its predecessor, and where that volume also surpasses key benchmarks from previous opposing moves.
This approach is designed to capture institutional activity, smart money footprints, or hidden accumulation/distribution, which often manifest as volume spikes even in the absence of textbook candlestick formations.
🚦 Key Features
✅ 1. Volume-Based Engulfing Detection
The script identifies candles where:
A bullish candle's volume exceeds the previous candle’s total volume and the previous candle was bearish (and vice versa for bearish engulfing).
Additionally, the bullish engulfing volume must also be greater than the volume of the last bearish engulfing (and vice versa).
This helps filter out false engulfing signals and only highlights the ones with significant participation or conviction.
🔷 Plotted with: Vol↑Eng (Green label below candle)
🔻 Plotted with: Vol↓Eng (Red label above candle)
✅ 2. High-Volume Rejection Markers (Non-Engulfing)
Sometimes a candle doesn’t engulf the previous one, but the volume is so dominant that it may still indicate a powerful reversal or failed breakout. This indicator flags those too:
If a bullish candle has volume higher than any bearish engulfing volume seen today, it’s marked as a potential buy-side absorption.
If a bearish candle has volume higher than any bullish engulfing volume today, it may be a sign of sell-side rejection.
🟢 Plotted with: Vol↑Big (Lime triangle up)
🔴 Plotted with: Vol↓Big (Maroon triangle down)
⏰ Daily Reset & Filtering
All volume comparisons are done within the current trading day, so each day's context is treated independently.
The first candle of the day is ignored, preventing skewed signals due to overnight gaps or opening volatility.
🔔 Alerts Included
You can set alerts on:
Bullish or bearish volume-engulfing candles.
High-volume rejection candles.
This ensures you’re notified in real time when the market shows signs of strong accumulation or distribution, even if you're not actively monitoring the chart.
💡 Use Cases
Day Traders: Identify potential intraday reversals or trend initiations with volume confirmation.
Swing Traders: Use engulfing and high-volume patterns to time entries after pullbacks or breakouts.
Volume Analysts: Study how price responds when volume exceeds critical historical thresholds.
Tape Readers: Get a visual clue of where smart money might be stepping in based on volume surges.
📌 Final Thoughts
This indicator filters out noise and focuses on volume-dominant price actions, giving you a cleaner and more actionable view of the market. Use it to complement your existing strategy, particularly when looking for high-conviction turning points on the chart.
Whether you're trading equities, indices, or futures — this tool brings volume context to price action in a simple and visual way.
Candle Details on Mouse Hover
### Indicator Features
* **Hover for Details:** Move your mouse over any past candle to see its stats in a pop-up tooltip.
* **Live Info Label:** Shows a visible info box on the current, real-time candle.
* **Choose What You See:** Use checkboxes to turn on or off any section of the info:
* The candle's own size details.
* The comparison vs. the previous candle.
* The comparison vs. the next candle.
* **Smart "Avoid" Logic:** A switch to skip over opposite-colored candles and compare only against the last candle of the same type (e.g., Bullish vs. the last Bullish).
* *(This feature only works for the "Vs. Previous Candle" comparison.)*
* **Percentage vs. Ratio:** A dropdown to see comparisons as `+10.50%` or as a ratio like `1.10`.
* **Custom Hover Zone:** Settings to make the hover area bigger or smaller around each candle.
* **Custom Label Style:** Change the background and text color of the visible label on the last candle, or turn it off completely.
MTF PO3 Big Candle By Rouro📊 MTF PO3 Big Candle By Rouro
This indicator allows you to visualize candles from higher timeframes (HTF) directly on lower timeframe charts.
It draws:
📉 Past candles from the selected HTF.
📈 A projected current candle of a chosen timeframe, extended to the right of the chart.
It's ideal for traders who want to align decisions on lower timeframes with key HTF structures.
⚙️ Inputs & Configuration
🕐 Past Candle Timeframe
Selects the timeframe to visualize historical candles.
(e.g., 4H on a 5-minute chart)
📅 Projected Candle Timeframe
Chooses the timeframe for the current (live) candle that is drawn to the right of the chart.
(e.g., 1D)
➡️ Right Displacement (bars)
Controls how far to the right the projected candle is drawn.
🟩 Bullish Body Color
Defines the color of bullish candle bodies.
🟥 Bearish Body Color
Defines the color of bearish candle bodies.
🔵 Wick Color
Color of the high/low wicks.
🔲 Body Transparency (0–100)
Controls the transparency of the candle body fill.
📌 Show Wicks
Enables or disables drawing of the wicks on all candles.
💡 Notes
If the projected candle is from a very large timeframe (e.g., 1D) and you are on a small timeframe (e.g., 5m), the projection length is limited to avoid overlapping the chart.
All candle shapes update in real time.
The indicator is optimized for performance and includes fail-safes for TradingView's limits.
💬 Support
If you have any questions, feel free to ask in the comments.
If this indicator has been useful or valuable for your trading, please leave a comment saying so — your feedback helps the community and supports the publication process.
✅ Compliant with TradingView’s house rules: No ads, sales, links, or misleading claims.
📌 This is a visual utility tool designed to support multi-timeframe analysis.
ATR % Line from Day LowHow can you make sure that you're not buying a stock that is too extended?
By limiting your buys to within a certain percentage of either the low-of-the-day (LoD) if you're going long, or to the high-of-the-day (HoD) if you're shorting a stock. This script will help you do just that.
Limiting stock purchases to within a certain percentage of the Average True Range (ATR) from the day's low or high is a risk management technique that offers several key benefits:
Risk Control and Position Sizing
By using ATR as a boundary, you're essentially creating a volatility-adjusted buffer. Since ATR measures recent price volatility, this approach prevents you from buying into stocks that have already moved significantly beyond their normal trading range. This helps avoid entering positions when the stock might be overextended and due for a pullback.
Improved Entry Timing
This strategy encourages patience and discipline. Rather than chasing a stock that's already run up substantially from its low, you wait for better entry points. For example, if you set a limit of 50% of ATR from the day's low, you're only buying when the stock hasn't moved more than half its typical daily range from the bottom.
Volatility Awareness
ATR naturally adjusts for each stock's individual volatility characteristics. A high-volatility stock might have an ATR of $2, while a low-volatility stock might have an ATR of $0.50. This approach scales your entry criteria appropriately for each security rather than using arbitrary dollar amounts.
Reduced Emotional Trading
Having a systematic rule removes the temptation to chase momentum or buy at poor technical levels. It forces you to wait for the stock to come back to more reasonable levels relative to its recent trading behavior.
Better Risk-Reward Ratios
By entering closer to the day's low (within your ATR percentage), you're typically getting a better risk-reward setup. Your stop loss (often placed below the day's low) will be tighter, while your potential upside remains intact.
This approach works particularly well for swing traders and those looking to enter positions on pullbacks or during consolidation periods rather than breakout scenarios.
To save valuable real estate on your chart, there's also an option that can give you a compact version of this indicator which will show only the "Current Day's Low/High" and "Target Price". "Target Price" being the price at which your max buy limit is based on the % ATR you choose in settings.
Open Range Tool**Open Range Tool --- Session-Based Opening Range Indicator**
A lightweight utility that instantly plots the opening range for a selected session (Asia, London, or New York) on any timeframe, including an optional 0.5 σ mid-line to highlight the session's mean price.
### Key Features
1. **Multi-session support**
- Instantly draw Asia, London, or NY opening ranges on the chart.
2. **Intraday-only display**
- The range is plotted *only for the current trading day* and automatically cleared on the next session, keeping historical charts uncluttered.
3. **Flexible range anchors**
- Define the range by the first candle's **High/Low** *or* **Open/Close**.
4. **Delayed plotting**
- Start plotting after *N* candles to avoid gaps or early noise.
5. **Statistical mid-line & range projection**
- Built-in 50 % mid-line with adjustable projection length (bars).
6. **Full styling control**
- Customize colors, line style, and width for high, low, and mid-lines.
### How to Use
1. Add the indicator to your chart and open the **Inputs** tab.
2. Set **Opening-Range Timeframe** (e.g., 30 min) and choose any **Delay Bars** or **Projection Length** you need.
3. Tweak the line colors/widths to match your chart theme.
4. Combine with volume profile, VWAP, or moving averages for better context.
### Disclaimer
This script is provided **for educational and research purposes only** and does **not constitute financial advice**. Trading involves substantial risk; the author accepts no liability for any financial loss.
LTHB & HTLB Zones with AlertsIn price action trading, the Lowest Tick of the Highest Bar (LTHB) and the Highest Tick of the Lowest Bar (HTLB) are important concepts for support/resistance identification, trend exhaustion, and reversal confirmation. Here's what they mean and why they matter:
🔹 Definitions
1. Lowest Tick of the Highest Bar (LTHB):
The lowest price (tick) of the bar (candlestick) with the highest high in a recent price swing.
Significance: It marks the support inside an upward swing. If price breaks below this, it often indicates loss of upward momentum or reversal.
2. Highest Tick of the Lowest Bar (HTLB):
The highest price of the bar with the lowest low in a swing.
Significance: It acts as a resistance inside a downward swing. If price moves above this, it can signal a bullish reversal.
🔸 Why Are They Significant?
Concept LTHB HTLB
Trend Reversal - Break below LTHB → possible bearish reversal Break above HTLB → possible bullish reversal
Swing Confirmation -Holding above LTHB → continuation of uptrend Holding below HTLB → continuation of downtrend
Trap Detection - Stop hunts often occur just below LTHB Stop hunts often occur just above HTLB
Risk Management -Acts as logical stop-loss in long trades Acts as logical stop-loss in short trades
🔸 Uses in Strategy
1. Breakout Traders use these levels as entry triggers.
2. Reversal Traders look for price failing to hold these levels for early reversal signs.
3. Structure-Based Traders use them to confirm higher highs/lower lows.
4. Stop Placement: Tight stops just beyond LTHB/HTLB help manage risk in swing trades.
🔔 How to Set Alerts in TradingView:
Add the script to your chart.
Open the "⚠️ Alerts" tab.
Click "Create Alert".
In the "Condition" dropdown, select one of:
Enter LTHB Zone
Exit LTHB Zone
Enter HTLB Zone
Exit HTLB Zone
Set desired alert frequency (e.g., once per bar or once).
Click Create.
Faster Heikin AshiFaster Heikin Ashi
The Faster Heikin Ashi improves traditional Heikin Ashi candles by introducing advanced weighting mechanisms and lag reduction techniques. While maintaining the price smoothing benefits of standard Heikin Ashi, this enhanced version delivers faster signals and responsiveness.
Key Features
Unified Responsiveness Control
Single parameter (0.1 - 1.0) controls all responsiveness aspects
Eliminates conflicting settings found in other enhanced HA indicators
Intuitive scaling from conservative (0.1) to highly responsive (1.0)
Advanced Weighted Calculations
Smart Close Weighting: Close prices receive 2-3x more influence for faster trend detection
Dynamic OHLC Processing: All price components are intelligently weighted based on responsiveness setting
Balanced High/Low Emphasis: Maintains price level accuracy while improving speed
Enhanced Open Calculation
Transition Speed: Open prices "catch up" to market movements faster
Lag Reduction Algorithm: Eliminates the typical delay in Heikin Ashi open calculations
Smooth Integration: Maintains visual continuity while improving responsiveness
Four-Color Scheme
- 🟢 **Lime**: Strong bullish momentum
- 🔴 **Red**: Strong bearish momentum
- 🟢 **Green**: Moderate bullish
- 🔴 **Maroon**: Moderate bearish
How It Works
Traditional Heikin Ashi smooths price action but often lags behind real market movements. This enhanced version:
1. Weights price components based on their predictive value
2. Accelerates trend transitions through advanced open calculations
3. Scales all enhancements through a single responsiveness parameter
4. Maintains smoothing benefits while reducing lag
Responsiveness (0.1 - 1.0)
0.1 - 0.3: Conservative, maximum smoothing
0.4 - 0.6: Balanced, good for swing trading and trend following
0.7 - 1.0: Aggressive, fast signals, suitable for scalping and active trading
Doji Signals with Wick ColorThis indicator identifies Doji candlestick patterns on the chart and highlights both the candle body and wicks in yellow for better visibility.
A Doji is defined as a candle where the body size is relatively small compared to the full range (high - low), indicating market indecision. You can adjust the maximum allowed body size as a percentage of the total candle range using the "Doji's Max Body Size" input.
The indicator works by:
Calculating the body size (abs(open - close))
Comparing it to a threshold (precision * (high - low))
Highlighting candles that meet the condition as Doji, coloring both the body and wick in yellow
This visual aid helps traders quickly spot potential reversal or pause areas in price action based on candlestick psychology.
Squeeze Pro Momentum BAR color - KLTDescription:
The Squeeze Pro Momentum indicator is a powerful tool designed to detect volatility compression ("squeeze" zones) and visualize momentum shifts using a refined color-based system. This script blends the well-known concepts of Bollinger Bands and Keltner Channels with an optimized momentum engine that uses dynamic color gradients to reflect trend strength, direction, and volatility.
It’s built for traders who want early warning of potential breakouts and clearer insight into underlying market momentum.
🔍 How It Works:
📉 Squeeze Detection:
This indicator identifies "squeeze" conditions by comparing Bollinger Bands and Keltner Channels:
When Bollinger Bands are inside Keltner Channels → Squeeze is ON
When Bollinger Bands expand outside Keltner Channels → Squeeze is OFF
You’ll see squeeze zones classified as:
Wide
Normal
Narrow
Each represents varying levels of compression and breakout potential.
⚡ Momentum Engine:
Momentum is calculated using linear regression of the price's deviation from a dynamic average of highs, lows, and closes. This gives a more accurate representation of directional pressure in the market.
🧠 Smart Candle Coloring (Optimized):
The momentum color logic is inspired by machine learning principles (no hardcoded thresholds):
EMA smoothing and rate of change (ROC) are used to detect momentum acceleration.
ATR-based filters help remove noise and false signals.
Colors are dynamically assigned based on both direction and trend strength.
🧪 How to Use It:
Look for Squeeze Conditions — especially narrow squeezes, which tend to precede high-momentum breakouts.
Confirm with Momentum Color — strong colors often indicate trend continuation; fading colors may signal exhaustion.
Combine with Price Action — use this tool with support/resistance or patterns for higher probability setups.
Recommended For:
Trend Traders
Breakout Traders
Volatility Strategy Users
Anyone who wants visual clarity on trend strength
📌 Tip: This indicator works great when layered with volume and price action patterns. It is fully non-repainting and supports overlay on price charts.
Disguised Candles by The School of Dalal StreetDisguised Candles corrects one of the subtle visual distortions present in normal candlestick charts — the mismatch between the close of one candle and the open of the next.
On many instruments (especially at day/session breaks), the next candle’s open often jumps due to price gaps or data feed behavior. This can make reading the flow of price action harder than necessary.
Disguised Candles fixes this by plotting synthetic candles where the open of each candle is forced to match the close of the previous one — creating a visually continuous flow of price.
Real candles are made fully transparent, so only the "corrected" candles are visible.
This allows traders to:
Visualize price flow as a smooth path
Better spot true directional shifts and trends
Avoid distractions caused by technical gaps that are not meaningful to their strategy
🚀 Pure visual clarity. No noise from false opens.
How it works:
The open of each synthetic candle = close of previous real candle
High, Low, Close remain unchanged
Colors are based on Close vs Corrected Open
Real chart candles are hidden under a transparent overlay
Use this as a clean canvas for trend analysis or as a foundation for building new visual systems.
Market Balance LevelMarket Balance Level (MBL)
This indicator dynamically identifies price consolidation zones (market balance levels) and plots a horizontal line at the average midpoint of the range once a valid breakout occurs. It helps traders visualize key zones where the market was previously in equilibrium and is likely to retest before continuing its trend.
How It Works:
Detects consolidation ranges using consecutive candles within a tight high-low structure.
When a breakout occurs (above or below the range), it plots a line at the average midpoint of the consolidation.
Triangles are drawn on breakouts to visually confirm the breakout direction.
Lines can be customized by color, width, and breakout direction (bullish, bearish, or both).
Recommended Use:
Wait for price to return to the Market Balance Level (MBL). These levels often act as strong support or resistance.
Enter upon engulfment (candle closes strongly in the direction of the breakout), confirming continuation.
Features:
Adjustable consolidation sensitivity and line length.
Option to show/hide bullish or bearish MBLs.
Visual breakout markers (triangles) with alert support.
Optional alert messages for breakout events.
Use this tool to enhance your structure-based or SMC-style trading strategies.
Identical Candles Detector [Premium]Identical Candles Detector
Advanced pattern recognition for consecutive similar candles
Description
This professional-grade indicator detects sequences of nearly identical candles, a pattern often signaling consolidation before significant breakouts. Unlike basic similarity detectors, it employs a weighted comparison system evaluating both candle bodies and wicks with adjustable tolerance.
Key Features:
Smart Comparison Algorithm: Weighs body vs. wick importance (adjustable 0-100%)
Directional Filtering: Optional same-direction requirement for bullish/bearish consistency
Statistical Backtesting: Tracks historical pattern success rates in real-time
Future Projection: Analyzes post-pattern performance with customizable lookahead
Visual Highlighting: Clear pattern marking with optional performance statistics
How It Works:
Calculates weighted candle size (body + wicks)
Compares consecutive candles within user-defined tolerance
Verifies directional consistency when enabled
Evaluates future price action for statistical significance
Usage Guidelines:
Best used on 15m-4h timeframes for swing trading
Combine with volume confirmation for higher probability signals
Tighten tolerance (3-5%) for more precise patterns
Use minimum pattern distance to avoid over-crowding
Technical Notes:
Safe historical access prevents lookback errors
Comprehensive input validation ensures stable operation
Memory-efficient implementation supports long backtests
Why This Stands Out:
While simple candle patterns are common, this tool adds:
Quantitative similarity measurement
Configurable component weighting
Built-in performance analytics
Professional-grade alert conditions
Note: This is not a standalone trading system. Always use with proper risk management and confirmation from other indicators.
HTF Candle Display (Evolution FX)HTF Candle Display (Evolution FX)
WHAT IT DOES
This tool overlays a **higher timeframe candle** (like Daily or Weekly) directly on your current lower timeframe chart (like 5m, 15m, 1h). It visually anchors current price action within its broader market context, ideal for traders using multi-timeframe confluence, liquidity mapping, or High-Timeframe-Based decision-making.
KEY FEATURES
Timeframe selection : Choose any higher timeframe (HTF) to display (e.g., D, W, M).
Dynamic candle placement : Position the HTF candle overlay away from price action using distance presets: `Close`, `Near`, `Far`, `Very Far`.
Adjustable thickness : Choose candle body width via `Thin`, `Thick`, or `Thicker` styles.
Fully customisable visuals : Set custom colours for bullish and bearish candles, borders, wicks, and labels.
Highlight box (optional) : Display a semi-transparent box aligned to the HTF candle's real time span.
Label with live countdown : Optionally show a floating label with timeframe info and time remaining in the HTF candle.
Previous candle display : Toggle to show or hide the prior HTF candle for better comparison.
HOW TO USE IT
Select your HTF (e.g., Daily) from the input dropdown.
Use "Distance From Price Action" to shift the visual away from the candles for a cleaner layout.
Adjust "Candle Width" to visually match your preferences.
Optionally toggle:
- "Show Previous Candle"
- "Show Label"
- "Highlight Current Day Price Action Box"
Customise your **colour scheme** to match your charting setup.
Recommended to use on charts like `15m`, `1h`, or `4h` for best visual clarity.
USE CASES
HTF liquidity hunting
Bias framing via daily/weekly structure
Institutional-style trading models
Scalping with macro trend context
Zero-Lag Linear Regression Candles🚀 Zero-Lag Linear Regression Candles
📊 What It Does
The Zero-Lag Linear Regression Candles change traditional candlestick analysis by creating smoothed, predictive candles that eliminate the lag inherent in standard linear regression methods. Instead of waiting for price confirmation, this indicator anticipates market movements using advanced mathematical modeling.
🎯 Key Features
Tri-Layer Super Responsive System
Layer 1: Weighted Linear Regression with exponential decay weighting
Layer 2: Zero-lag correction algorithm that projects future price direction
Layer 3: Adaptive intelligence that adjusts to current market volatility and momentum
Smart Market Adaptation
Automatically adjusts sensitivity based on market volatility (ATR)
Responds to momentum changes in real-time
Filters out market noise while preserving important signals
Customizable
Regression Length: Fine-tune responsiveness (2-50 periods)
Weight Decay Factor: Control how much emphasis to place on recent vs. historical data
Zero-Lag Periods: Adjust the aggressiveness of lag elimination
Adaptive Factor: Set market adaptation strength
🛠️ Usage Instructions
1. Add to Chart: Apply the indicator to any timeframe
2. Configure Settings: Adjust regression length and sensitivity to match your trading style
3. Interpret Signals:
- Green Candles: Bullish linear regression trend
- Red Candles: Bearish linear regression trend
Created by B3AR_Trades
Close alertingThis script generates alerts when the current candle CLOSES ABOVE the previous candle's HIGH, or CLOSES BELOW the previous candle's LOW.
✅ Works on ANY timeframe you are viewing (1m, 5m, 15m, 1h, 4h, etc.)
✅ Alerts can be created:
- "Close Above Previous High"
- "Close Below Previous Low"
The script is lightweight and works purely on current chart timeframe. No need to adjust or configure — just add to chart and set Alerts.
Enjoy and safe trading! 🚀
SMT Time Windows# SMT Time Windows
SMT Time Windows is a Pine Script v6 indicator by **Originalsauce1** that automates ICT-style Smart Money Technique (SMT) divergences between two correlated symbols. It detects bullish and bearish SMT divergences using swing highs/lows (pivot logic) across both instruments. Bullish SMT occurs when one symbol makes a higher low while the other forms a lower low; bearish SMT is when one symbol prints a higher high while the other records a lower high. These divergences highlight imbalances in correlated markets and can signal potential momentum shifts. SMT Time Windows plots clear labels for each divergence event and offers comprehensive filtering by custom time sessions.
## Key Features
* **Time Window Filters:** Define up to three custom time windows (e.g. 2:00–4:00 AM, 6:00–8:30 AM, 9:00–10:30 AM) with individual enable/disable toggles. Active windows can be highlighted on the chart with optional background shading for visual cueing.
* **Timezone Support:** User-selectable time zone ensures that time windows align correctly across different session schedules (global session alignment).
* **Adjustable Detection:** Set the pivot **length** (sensitivity of swing detection) and the signal **timeframe**. This pivot-based approach confirms valid swing highs/lows before marking divergences.
* **Clean SMT Labels:** The indicator plots “Bullish SMT” or “Bearish SMT” labels at the relevant pivots, clearly marking each divergence event. Label color and style are customizable, providing a clean visual cue of SMT signals.
* **Chart Highlights:** Optionally shade the chart background during active time windows, making it easy to see when the session filter is in effect.
* **Session Status Table:** An on-chart table shows which time windows are currently active (e.g. shows “Open”/“Closed” status). This real-time session table provides live feedback similar to other TradingView session trackers.
* **Comparison Symbol & Alerts:** Optionally overlay the comparison symbol on your chart. Built-in alerts notify you when bullish or bearish SMT divergences occur, allowing timely review.
## How It Works
SMT Time Windows checks for divergences between two positively correlated markets (for example, equity futures like S\&P 500 (ES) vs Nasdaq 100 (NQ), or FX pairs like US Dollar Index vs EUR/USD). When one instrument’s swing high/low is not confirmed by the other, it flags this as an SMT event. For instance, a **Bearish SMT** is identified when one symbol makes a higher high but the other fails to keep pace (prints a lower high); a **Bullish SMT** is when one symbol’s low is higher while the other’s low is lower. These divergences are interpreted as signs of uneven buying/selling pressure and can precede shifts in momentum.
The indicator is designed for use with correlated markets (e.g. ES/NQ, DXY/EURUSD, etc.) to enhance your market structure analysis. It is not a “set and forget” signal but a tool to spot potential imbalances. Use SMT Time Windows alongside your discretionary analysis and higher-timeframe context for best results.
## Disclaimer
This script is provided *“for educational and informational purposes only”*. It is **not** financial or trading advice. Always perform your own analysis and risk management before making trading decisions.
*Created by Originalsauce1. For educational and informational purposes only.*
EMA 50/200 Pullback + RSI/SMA RSI
Strategy Description: EMA 50/200 Pullback + RSI/SMA RSI
1. Trend Identification with EMA:
Uses two Exponential Moving Averages (EMA): a fast EMA (default 50) and a slow EMA (default 200).
When the fast EMA crosses above the slow EMA (bullish crossover), an uptrend is identified.
When the fast EMA crosses below the slow EMA (bearish crossover), a downtrend is identified.
The lengths of both EMAs are fully customizable.
2. EMA Distance Condition:
Signals are only valid when the absolute percentage distance between the two EMAs is within a user-defined range (default: 0.4% to 1%).
This helps filter out weak signals when the EMAs are too close or too far apart.
3. Pullback Condition:
After a new trend is detected (EMA crossover), the strategy waits for the price to pull back to touch or cross the fast EMA (EMA 50).
This ensures entries are not taken immediately at the crossover, but after a retracement to a dynamic support/resistance area.
4. RSI Confirmation:
Uses the RSI indicator (default 14) and its Simple Moving Average (SMA RSI, default 14).
Buy signal: RSI crosses above its SMA.
Sell signal: RSI crosses below its SMA.
Both RSI and SMA RSI lengths are fully customizable.
5. Entry Rules:
The indicator only gives the first buy/sell signal after each EMA crossover (start of a new trend), and will not repeat signals until the next EMA crossover.
Buy signal:
Fast EMA crosses above slow EMA
EMA distance is within the valid range
Price pulls back to the fast EMA
RSI crosses above its SMA
Sell signal:
Fast EMA crosses below slow EMA
EMA distance is within the valid range
Price pulls back to the fast EMA
RSI crosses below its SMA
6. Customization:
All parameters (EMA lengths, RSI length, SMA RSI length, EMA distance range) can be adjusted in the indicator’s settings.
Note:
This is a signal indicator, not a complete trading strategy. For real trading, always combine with risk management and additional confirmations.
Third Candle MarkerTitel: Third Candle Marker – Highlights Trend Continuation
Beschreibung:
This script highlights potential trend continuation setups by marking the third candle after two consecutive candles of the same direction.
If the previous two candles were bullish (green), the third candle is colored green.
If the previous two candles were bearish (red), the third candle is colored red.
A white color indicates that no clear trend was detected in the previous two candles.
Additionally, the script plots small triangle markers:
Green upward triangle below the bar if the last two candles were bullish.
Red downward triangle above the bar if the last two candles were bearish.
Use this tool to visually identify potential continuation signals in trending markets. Suitable for all timeframes.
Note: This script does not generate buy/sell signals; it is meant to assist in visual trend recognition.
ELFIEDT RSI + Reversion📘 Script Title:
ELFIEDT RSI + Reversion
📄 Description:
This script identifies potential mean reversion opportunities by combining price volatility, momentum, and volume confirmation. It is designed to help traders detect moments where price may be temporarily overextended, increasing the likelihood of a short-term reversal or pullback.
The approach integrates three core components:
🔹 1. Volatility Envelope
The strategy uses a dynamic banding system based on a statistical measure of price deviation from its recent average. When price closes significantly outside this envelope, it signals a potential extreme movement, suggesting conditions are ripe for a reversion to the mean.
🔹 2. Momentum Confirmation via RSI
To enhance reliability, momentum is evaluated using the Relative Strength Index (RSI). Only when RSI confirms that price action is either overbought or oversold does the script consider a reversal more probable.
🔹 3. Volume Spike Filter
The script incorporates a volume confirmation layer to avoid false signals. A signal only triggers if there is an unusually high level of trading activity, helping to identify areas of market interest and possible exhaustion.
🔔 Signal Triggers & Alerts:
Upside Reversion Zone:
When price moves significantly below the volatility band, RSI shows oversold conditions, and volume confirms abnormal activity. The chart highlights this with a green label and a green-colored bar.
Downside Reversion Zone:
When price moves significantly above the volatility band, RSI shows overbought conditions, and volume confirms a spike. This is marked by a red label and a red-colored bar.
Built-in Alerts:
The script includes alert conditions that notify you when either scenario occurs. These can be used for real-time monitoring or automation.
📊 Visual Features:
Colored bars and labels show potential reversion areas.
The chart plots a trend-following baseline with dynamic upper and lower bands to visualize volatility extremes.
Up and Down zones are clearly marked for easier decision-making.
⚠️ Disclaimer:
This script is intended for educational and informational purposes only. It does not constitute financial advice, trading signals, or guarantees of future results. Users should perform their own due diligence before making trading decisions.
Worldwide Sessions and Open Range BreakoutThis script shows when the various normal market hours for each of the major worldwide markets (Asia, New York, and London). It also draws a line on the opening range for each of these market sessions. The opening range defaults to the first 15 minutes of the session, but this can be customized.
This script does automatically handle the session times regardless of your time zone or what time frame you are on. No need to set anything! This probably can't handle non-normal trading days, such as partial days.
This script is made for futures, but would likely work for other markets, like Forex.
LRHA Trend Shift DetectorLRHA Trend Shift Detector (TSD)
The LRHA Trend Shift Detector is an advanced momentum exhaustion indicator that identifies potential trend reversals and changes by analyzing Linear Regression Heikin Ashi (LRHA) candle patterns. TSD focuses on detecting when strong directional moves begin to lose momentum.
🔬 Methodology
The indicator employs a three-stage detection process:
LRHA Calculation: Applies linear regression smoothing to Heikin Ashi candles, creating ultra-smooth trend-following candles that filter out market noise
Extended Move Detection: Identifies sustained directional moves by counting consecutive bullish or bearish LRHA candles
Momentum Exhaustion Analysis: Monitors for significant changes in candle size compared to recent averages
When an extended move shows clear signs of momentum exhaustion, the indicator signals a potential trend shift with red dots plotted above or below your candlesticks.
⚙️ Parameters
Core Settings
LRHA Length (11): Linear regression period for smoothing calculations. Lower values = more responsive, higher values = smoother trends.
Minimum Trend Bars (4): Consecutive candles required to establish an "extended move." Higher number detects longer term trend changes.
Exhaustion Bars (3): Number of consecutively smaller candles needed to signal exhaustion. Lower is more sensitive.
Size Reduction Threshold (40%): Percentage decrease in candle size to qualify as "exhaustion." Lower is more sensitive.
Trend Trading
Pullback Entries: Identify exhaustion in counter-trend moves for trend continuation
Exit Strategy: Recognize when main trend momentum is fading
Position Sizing: Reduce size when seeing exhaustion in your direction
🎛️ Optimization Tips
For More Signals (Aggressive)
- Decrease LRHA Length (7-9)
- Reduce Minimum Trend Bars (2-3)
- Lower Size Reduction Threshold (25-35%)
For Higher Quality (Conservative)
- Increase LRHA Length (13-18)
- Raise Minimum Trend Bars (5-6)
- Higher Size Reduction Threshold (45-55%)
⚠️ Important Notes⚠️
- **Not a Complete Strategy**: Use as confluence with other analysis methods
- **Market Context Matters**: Consider overall trend direction and key support/resistance levels
- **Risk Management Essential**: Always use proper position sizing and stop losses
- **Backtest First**: Optimize parameters for your specific trading style and instruments
Candle Price % ChangeIf you are using candle bottoms/tops for your stop-loss, this indicator allows you to see the price percentage difference between the current price and the high or low of a candle. This eliminates the need to manually measure the candle every time you need to determine your stop-loss %. It's particularly useful when scalping on small time frames like the 1m.
