⚡ Zero-Lag 60s Binary Predictor🧠 Core Anti-Lag Philosophy
The indicator's primary goal is to overcome the inherent lag of traditional indicators like the Simple Moving Average (SMA) or standard Relative Strength Index (RSI). It achieves this by focusing on:
Leading Indicators: Using derivatives of price/momentum (like acceleration and jerk—the second and third derivatives of price) to predict turns before the price action is clear.
Instantaneous Metrics: Using short lookback periods (e.g., ta.change(close, 1) or fastLength = 5) and heavily weighting the most recent data (e.g., in instMomentum).
Market Microstructure: Incorporating metrics like Tick Pressure and Order Flow Imbalance (OFI), which attempt to measure internal bar dynamics and buying/selling aggression.
Zero-Lag Techniques: Specifically, the Ehlers Zero Lag EMA, which is mathematically constructed to eliminate phase lag by predicting where the price will be rather than where it was.
Kitaran
Gold vs Bitcoin (2012=100)**Chart Description: Gold vs. Bitcoin Performance Index (2012=100)**
This chart presents a comparative analysis of the price performance of Gold and Bitcoin, indexed to a common baseline of 100 in the year 2012. This methodology allows for a direct and proportional comparison of their growth trajectories over the subsequent period.
The visualization pits Gold, the quintessential traditional store of value and a safe-haven asset for millennia, against Bitcoin, a decentralized digital currency that has emerged as a prominent new asset class, often referred to as "digital gold."
The indexed performance starkly illustrates the profound divergence in the assets' valuation paths since 2012. Gold's trajectory reflects its established role as a stable, low-volatility hedge against economic uncertainty, demonstrating modest and steady appreciation. In contrast, Bitcoin's path is characterized by exponential, albeit highly volatile, growth. This highlights its nature as a high-risk, high-reward asset, driven by factors such as network effects, technological adoption, and speculative interest.
Ultimately, this comparative view offers a powerful narrative on the shifting landscape of value storage and investment. It captures the disruptive potential of digital assets in the modern financial ecosystem and provides a clear illustration of the contrasting risk and return profiles between traditional and emerging safe-haven assets over the past decade.
HTF Session Boxes H4 > H2 > H1HTF Session Boxes H4 > H2 > H1
Visualize higher timeframe candle structures on lower timeframe charts with nested, customizable boxes.
Overview
HTF Session Boxes plots 4-hour, 2-hour, and 1-hour candle ranges as nested boxes directly on your lower timeframe charts (15M and below). This provides instant visual context of higher timeframe structure without switching between different chart timeframes.
Key Features
- Three Timeframe Levels: Simultaneously displays 4H, 2H, and 1H candle boxes
- Nested Design: Boxes are layered inside each other for clear hierarchical structure
- Real-Time Updates: Boxes dynamically adjust as higher timeframe candles develop
Fully Customizable:
-Individual colors and transparency for each timeframe
-Custom border colors, widths, and styles (solid, dashed, dotted)
-Toggle each timeframe on/off independently
Best Use Cases
-Scalping & Day Trading: Maintain awareness of higher timeframe structure while trading lower
timeframes
-Session Analysis: Clearly see 4H session boundaries and internal 2H/1H divisions
-Support/Resistance: Identify key levels where higher timeframe candles open, close, or create
highs/lows
-Multi-Timeframe Confluence: Spot when multiple timeframes align at key price levels
Renko ATR Trend + SMA Indicator by YCGH Capital🧭 Overview
The Renko ATR Trend + SMA Indicator is a trend-following tool designed for chart trading.
It combines Renko-style price movement logic (based on ATR) with a Simple Moving Average (SMA) filter to identify sustained bullish or bearish phases on any timeframe.
It plots a color-coded trend line directly on the price chart — green for bullish trends, red for bearish — and maintains a single active state (no repeated buy/sell signals) until the opposite condition appears.
⚙️ How It Works
1️⃣ Renko ATR Engine
Instead of using fixed box sizes like classic Renko charts, this indicator builds synthetic Renko movement based on ATR (Average True Range) of a chosen timeframe.
It pulls OHLC data from your selected Renko Source Timeframe (for example, 60-minute candles).
It calculates an ATR brick size — representing the minimum price move needed for a new Renko brick.
When price moves by at least one ATR in the opposite direction, it flips the trend.
This filters out small fluctuations and captures the underlying directional bias.
2️⃣ SMA Filter
A Simple Moving Average (SMA) acts as a trend confirmation filter.
Only when Renko direction aligns with the price relative to the SMA, a trend signal activates.
BUY → Renko uptrend + price above SMA
SELL → Renko downtrend + price below SMA
3️⃣ Stateful Signal Logic
Unlike typical indicators that spam multiple buy/sell shapes:
This version holds one persistent signal (Buy or Sell)
The state continues until an opposite signal is confirmed
No “continuation” arrows — clean and minimal trend visualization
🎨 Visuals
Element Meaning
🟩 Green Renko Line Active Bullish Trend
🟥 Red Renko Line Active Bearish Trend
⚪ Gray Line Neutral / Waiting phase
🟡 Yellow Line SMA (trend filter)
📍 Label (Buy Active / Sell Active) Displays the current market bias
🔧 Inputs
Input Description
Renko Source Timeframe The timeframe from which Renko data is calculated (e.g., 60 = 1h candles).
ATR Period Determines brick size sensitivity (lower = more responsive, higher = smoother).
SMA Length Moving Average length used as a directional filter.
💡 How Traders Use It
Trend Confirmation:
Use green/red Renko line to stay aligned with the dominant market move.
Entry Timing:
Enter trades when a new Renko direction is confirmed along with SMA alignment.
Exit or Reverse:
Exit long when a red line (Sell Active) appears, and vice versa.
Combine with Price Action:
Add support/resistance or volume analysis for confirmation.
Asia Session High/Low 23:00-00:15This indicator shows highs and lows 1 hour before Asia session and the first 15min of Asia session.
Tech Magnat - Demande d'accèsDemande d'accès à l'indicateur tech Magnat (tracking masse monétaire sur titre avec balai de SMA)
Triple EMA (5, 8, 13) + Confirmed Alerts with SoundThis indicator uses three Exponential Moving Averages (EMA 5, 8, and 13) to generate buy and sell signals when the EMAs are properly aligned and not touching. Signals are confirmed on candle close and can trigger customizable sound alerts directly from the TradingView alert panel.
Advanced Currency StrengthThis indicator shows the strength of currency based on its movement. Ossiclator.
1800 Standart Deviation1800 Standard Deviation
This script automatically plots standard deviation levels calculated from the 18:00 open price (based on your selected timezone). It provides a clear visual framework to analyze market volatility and key price zones around the session open.
How it works
At 18:00 (configurable timezone), the script records the open price and calculates multiple standard deviation levels above and below it.
Each level is expressed in points (or pips) relative to the open.
Horizontal lines are drawn and extended automatically as new bars appear.
Labels display the corresponding deviation value.
Colored boxes highlight important ranges between levels, such as neutral or high-volatility zones.
Customization
Adjustable timezone (GMT, Paris, or others).
Option to enable or disable the 18:00 deviation drawing.
Automatic daily refresh at the specified time.
Use cases
Identify volatility zones and price deviation ranges around 18:00.
Determine potential reversal or entry zones based on standard deviations.
Use as a technical reference for intraday or swing trading setups.
Notes
The calculations are purely statistical and price-based — no indicators or moving averages are used.
This script is visual only and does not generate buy/sell signals.
Trend Pulse LTM v2.5Trend Pulse LTM v2.5 is a dynamic trend-following overlay indicator designed for traders seeking clear, actionable signals in volatile markets. It simplifies trend analysis by highlighting key momentum shifts with minimal noise, helping you spot potential entry and exit opportunities without overwhelming your chart.
Key Signals
Early Bull Signal: A subtle alert for emerging upward momentum, ideal for catching reversals early in downtrends.
Confirmed Bull Signal: Strong confirmation of bullish conditions, signaling a robust uptrend to consider for long positions.
Warning Bear Signal: An early heads-up on weakening momentum, prompting caution before a full downturn.
Confirmed Bear Signal: Definitive bearish validation after sustained downside pressure, useful for short setups or exits.
Signals only appear on confirmed changes, reducing false alarms and focusing on high-probability moments.
Visual Features
Shapes: Compact icons (diamonds, triangles, and circles) mark signals directly on the price bars—green for bulls below, orange/red for bears above—for instant recognition.
Background Highlights: Subtle color washes (green for bulls, red for bears, cyan for early bulls, and orange for warnings) provide at-a-glance context across your chart.
The indicator adapts seamlessly to your timeframe: it uses responsive settings for intraday (1-hour or less) and smoother analysis for daily/weekly views.
Alerts & Integration
Built-in alerts notify you instantly via TradingView when any signal triggers, including the current price for quick decisions. Pair it with your favorite assets like stocks, forex, or crypto for enhanced strategy building.
Why Use It?
Trend Pulse LTM v2.5 cuts through market clutter, empowering trend traders with timely, visual cues that boost confidence in entries and risk management. It's lightweight, non-repainting, and perfect for both beginners and pros aiming to ride trends with precision. Add it to your charts today and let the signals guide your trades!
Let's Talk Money!
discord.gg
Trend Pulse LTM v2TrendTrio LTM v2 is a dynamic trend-following overlay indicator designed for traders seeking clear, actionable signals in volatile markets. It simplifies trend analysis by highlighting key momentum shifts with minimal noise, helping you spot potential entry and exit opportunities without overwhelming your chart.
Key Signals
Early Bull Signal: A subtle alert for emerging upward momentum, ideal for catching reversals early in downtrends.
Bull Signal: Strong confirmation of bullish conditions, signaling a robust uptrend to consider for long positions.
Warning Bear Signal: An early heads-up on weakening momentum, prompting caution before a full downturn.
Confirmed Bear Signal: Definitive bearish validation after sustained downside pressure, useful for short setups or exits.
Signals only appear on confirmed changes, reducing false alarms and focusing on high-probability moments.
Visual Features
Shapes: Compact icons (diamonds, triangles, and circles) mark signals directly on the price bars—green for bulls below, orange/red for bears above—for instant recognition.
Background Highlights: Subtle color washes (green for bulls, red for bears, cyan for early bulls, and orange for warnings) provide at-a-glance context across your chart.
The indicator adapts seamlessly to your timeframe: it uses responsive settings for intraday (1-hour or less) and smoother analysis for daily/weekly views.
Alerts & Integration
Built-in alerts notify you instantly via TradingView when any signal triggers, including the current price for quick decisions. Pair it with your favorite assets like stocks, forex, or crypto for enhanced strategy building.
Why Use It?
TrendTrio LTM v2 cuts through market clutter, empowering trend traders with timely, visual cues that boost confidence in entries and risk management. It's lightweight, non-repainting, and perfect for both beginners and pros aiming to ride trends with precision. Add it to your charts today and let the signals guide your trades!
Let's Talk Money!
discord.gg
Lump Sum Favorability (SPX & NDX)This indicator provides a visual dashboard to gauge the statistical favorability of deploying a "Lump Sum" investment into the SPX (S&P 500) or NDX (Nasdaq 100).
The primary goal is not to time the exact market bottom, but to identify zones of significant pessimism or euphoria. Historically, periods of indiscriminate selling have represented high-probability entry points for long-term investors.
The dashboard consists of two parts:
1. The Favorability Gauge: A 12-segment gauge that moves from Red (Unfavorable) to Teal (Favorable).
2. The Summary Text: An optional text box (enabled in settings) that provides a plain-English summary of the current market breadth.
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The Method: Market Breadth
This indicator is not based on the price of the index itself. Price-based indicators (like an RSI on the SPX) can be misleading. In a market-cap-weighted index, a few mega-cap stocks can hold the index price up while the vast majority of "average" stocks are already in a deep bear market.
This tool uses Market Breadth to measure the true, underlying health and participation of the entire market.
How It Works
1. Data Source: The indicator pulls the daily percentage of companies within the selected index (SPX or NDX) that are trading above their 200-day moving average. (Data tickers: S5TH for SPX, NDTH for NDX).
2. Smoothing: This raw data is volatile. To filter out daily noise and confirm a persistent trend, the indicator calculates a 5-day Simple Moving Average (SMA) of this percentage. This is the value used by the indicator.
3. Interpretation:
High Value (>= 50%): More than half of the stocks are above their long-term average. This signifies the market is "Overheated" or in a risk-on phase. The favorability for a new lump sum investment is considered Low.
Low Value (< 50%): Less than half of the stocks are above their long-term average. This signifies "Oversold" conditions or capitulation. These moments historically offer the best favorability for starting a new long-term investment.
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How to Use the Indicator
1. The Favorability Gauge
The gauge is designed to be intuitive: Red means "Stop/Caution," and Teal means "Go/Opportunity."
Note: The gauge's logic is inverted from the data value to achieve this simplicity.
Red Zone (Left): UNFAVORABLE
This corresponds to a high percentage of stocks being above their 200d MA (>= 50%). The market is considered Overheated, and the favorability for a new lump sum investment is low.
Teal Zone (Right): FAVORABLE
This corresponds to a low percentage of stocks being above their 200d MA (< 50%). The market is considered Oversold, and the favorability for a new lump sum investment is high.
2. The Summary Text
When "Show Summary Text" is enabled in the settings, a box will appear at the top-center of your chart. This box provides a clear, data-driven summary, such as:
"Currently, only 22% of S&P 500 companies are above their 200-day MA. Market is Oversold."
The color of this text will automatically change to match the market state (Red for Overheated, Teal for Oversold), providing instant confirmation of the gauge's reading.
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Settings
Market: Choose the index to analyze: SPX (S&P 500) or NDX (Nasdaq 100).
Gauge Position: Select where the gauge dashboard should appear on your chart (default is Bottom Right).
Show Summary Text: Toggle the descriptive text box on or off (default is On).
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This indicator is a statistical and historical guide, not a financial advice or timing signal. It is designed to measure favorability based on past market behavior, not to provide certainty.
Extreme oversold conditions can persist, and markets can always go lower. This tool should be used as one component of a broader investment and risk-management framework. Past performance is not a guarantee of future results.
Paraguayitoloco / Ismael Gold V2.0 (Final v5)
Ismael's original script adjusted for purchases only, now with a Sales Indicator placed by paraguayitoloco
IREN PR Markers IREN Press Release Marker
This indicator plots the dates and titles of official Iris Energy (IREN) press releases directly on the price chart.
All events were sourced from IREN’s Investor Relations News & Updates page and include major company announcements such as data-center expansions, GPU purchases, financing deals, and AI-cloud milestones.
You can overlay it on NASDAQ:IREN or any other chart (e.g., Bitcoin, NASDAQ, or S&P 500) to visualize how IREN’s corporate news aligns with broader market moves.
Features
Automatically marks each press release with a labeled event below the candle.
Combines multiple announcements from the same day into one label.
Works on any timeframe (best viewed on Daily).
All data pulled directly from IREN’s public investor website.
Use Cases
Correlate IREN’s announcements with stock, crypto, or macro price reactions.
Identify historical patterns around GPU orders, expansions, or earnings reports.
Great for traders studying news-driven volatility and timing.
IREN Press Release Markers through Oct 26th 2025IREN Press Release Marker
This indicator plots the dates and titles of official Iris Energy (IREN) press releases directly on the daily price chart.
All events were sourced from IREN’s Investor Relations News & Updates page and include major company announcements such as data-center expansions, GPU purchases, financing deals, and AI-cloud milestones.
You can overlay it on IREN or any other chart (e.g., Bitcoin, NASDAQ, or S&P 500) to visualize how IREN’s corporate news aligns with broader market moves.
Features
Automatically marks each press release with a labeled event below the candle.
Combines multiple announcements from the same day into one label.
Works on any timeframe (only viewed on Daily).
All data pulled directly from IREN’s public investor website.
Use Cases
Correlate IREN’s announcements with stock, crypto, or macro price reactions.
Identify historical patterns around GPU orders, expansions, or earnings reports.
Great for traders studying news-driven volatility and timing.
Draws a box on the chart 50% + 75% Draws a box on the chart with 50% and 75% consolidation zones for N bars back and extends the study into the future.
SECTOR ROTATION Sector Rotation Indicator with Auto Chart Symbol
This indicator helps traders track relative performance across multiple indices/sectors simultaneously, making it easy to identify sector rotation and market leadership.
Key Features:
✅ 21 Symbols Tracking: Monitor 20 customizable symbols + your current chart symbol automatically(DIVIDEND SYMBOL)
✅ Percentage Performance: All moving averages show percentage gain/loss from 1 timeframe period ago
✅ Color-Coded Visualization: Heat map coloring (red to green) based on relative performance ranking
✅ Flexible Timeframes: Works on any timeframe from 1-minute to 12-month charts
✅ Performance Table: Quick-view table showing candle performance with inside/outside bar detection
✅ Indian Market Ready: Pre-configured with NSE indices (NIFTY, BANKNIFTY, and sectoral indices)
Default Symbols (Customizable):
NIFTY, CNXSMALLCAP, CNXMIDCAP, BANKNIFTY
Sector indices: IT, AUTO, PHARMA, METAL, ENERGY, FMCG, etc.
Plus your current chart symbol (automatically added)
How It Works:
Select your preferred timeframe (1D, 1W, 1M, etc.)
The indicator calculates percentage performance from given period ago
Moving averages show smoothed performance trends
Colors indicate relative strength: Green = outperformers, Red = underperformers
Perfect For:
Sector rotation analysis
Relative strength comparison
Market breadth assessment
Index/ETF traders
Swing and position traders
Settings:
Adjustable MA length (default: 20)
Customizable colors and table position
Show/hide percentage labels
Horizontal or vertical table layout
This is not any buy or sell signal or recommendation, consult with your advisor first.
DAX Zonen Ergänzungen (Pro Signale + EMAs mit Filter RSI MACD)📊 DAX Zones Enhancements (Pro Signals + EMA with RSI & MACD Filter)
Description:
This indicator enhances DAX trading analysis by combining dynamic support/resistance zones with professional-level signal filters. It automatically detects potential buy and sell zones and confirms them using EMA trends, RSI conditions, and MACD momentum.
Key features:
🔹 Visual display of DAX high- and low-price zones
🔹 EMA-based trend confirmation
🔹 RSI and MACD filters to reduce false signals
🔹 Customizable alerts when price interacts with key zones
🔹 Works on multiple timeframes
Ideal for traders who want a clean, rule-based approach to identifying high-probability entries and exits on the DAX index.
369 Swing Points369 Swing Points - Digital Root Time Analysis
This indicator combines swing point detection with digital root numerology applied to intraday timestamps, filtering for times that reduce to 3, 6, or 9.
Methodology:
The script uses pivot point detection to identify swing highs and lows, then calculates the digital root of the bar's timestamp. Digital root is calculated by recursively summing the digits of a number until a single digit remains (e.g., 13:45 = 1345 → 1+3+4+5 = 13 → 1+3 = 4). Only swing points occurring at times with digital roots of 3, 6, or 9 are displayed.
What Makes This Unique:
Unlike standard swing point indicators, this filters results based on time-based numerology. The multiple calculation modes allow testing different hypotheses: whether the full timestamp (HHMM), just the minutes (MM), or either produces significant patterns. This is particularly useful for traders exploring intraday cyclical patterns or time-based market theories, especially popular in swing trading communities that follow specific time cycles.
How It Works:
Detects swing highs/lows using configurable lookback periods
Extracts the timestamp from each swing point bar
Calculates digital root using selected time mode (Full Time, Minutes Only, or Both)
Displays only swings with DR of 3, 6, or 9
Includes timezone adjustment to match your local time
Optional real-time plotting to show potential swings before confirmation
Configuration:
Swing Length: Sensitivity of pivot detection (default: 2)
Digital Root Mode: Full Time (HHMM), Minutes Only (MM), or Both
Timezone Offset: Aligns displayed times with your chart's timezone
Label customization: Text size, color, spacing options
Real-time Plotting: Shows unconfirmed swings as they develop (with transparency)
Debug mode: View all swings with their digital roots for analysis
Usage:
Works on all intraday timeframes (1min to 4H). Adjust timezone offset to ensure accurate time display. Use debug mode to verify swing detection and see digital root calculations for all pivots. Enable "Highlight 369 Digital Root Bars" to see when current bar time has a 3/6/9 digital root.
QTS - MK V1 (Working)***DO NOT START USING. NEEDS UPDATE****
Highlights entry models as per SSMT between 2 consecutive quarters
Holt Damped Forecast [CHE]A Friendly Note on These Pine Script Scripts
Hey there! Just wanted to share a quick, heartfelt heads-up: All these Pine Script examples come straight from my own self-study adventures as a total autodidact—think late nights tinkering and learning on my own. They're purely for educational vibes, helping me (and hopefully you!) get the hang of Pine Script basics, cool indicators, and building simple strategies.
That said, please know this isn't any kind of financial advice, investment nudge, or pro-level trading blueprint. I'd love for you to dive in with your own research, run those backtests like a champ, and maybe bounce ideas off a qualified expert before trying anything in a real trading setup. No guarantees here on performance or spot-on accuracy—trading's got its risks, and those are totally on each of us.
Let's keep it fun and educational—happy coding! 😊
Holt Damped Forecast — Damped trend forecasts with fan bands for uncertainty visualization and momentum integration
Summary
This indicator applies damped exponential smoothing to generate forward price forecasts, displaying them as probabilistic fan bands to highlight potential ranges rather than point estimates. It incorporates residual-based uncertainty to make projections more reliable in varying market conditions, reducing overconfidence in strong trends. Momentum from the trend component is shown in an optional label alongside signals, aiding quick assessment of direction and strength without relying on lagging oscillators.
Motivation: Why this design?
Standard exponential smoothing often extrapolates trends indefinitely, leading to unrealistic forecasts during mean reversion or weakening momentum. This design uses damping to gradually flatten long-term projections, better suiting real markets where trends fade. It addresses the need for visual uncertainty in forecasts, helping traders avoid entries based on overly optimistic point predictions.
What’s different vs. standard approaches?
- Reference baseline: Diverges from basic Holt's linear exponential smoothing, which assumes persistent trends without decay.
- Architecture differences:
- Adds damping to the trend extrapolation for finite-horizon realism.
- Builds fan bands from historical residuals for probabilistic ranges at multiple confidence levels.
- Integrates a dynamic label combining forecast details, scaled momentum, and directional signals.
- Applies tail background coloring to recent bars based on forecast direction for immediate visual cues.
- Practical effect: Charts show converging forecast bands over time, emphasizing shorter horizons where accuracy is higher. This visibly tempers aggressive projections in trends, making it easier to spot when uncertainty widens, which signals potential reversals or consolidation.
How it works (technical)
The indicator maintains two persistent components: a level tracking the current price baseline and a trend capturing directional slope. On each bar, the level updates by blending the current source price with a one-step-ahead expectation from the prior level and damped trend. The trend then adjusts by weighting the change in level against the prior damped trend. Forecasts extend this forward over a user-defined number of steps, with damping ensuring the trend influence diminishes over distance.
Uncertainty derives from the standard deviation of historical residuals—the differences between actual prices and one-step expectations—scaled by the damping structure for the forecast horizon. Bands form around the median forecast at specified confidence intervals using these scaled errors. Initialization seeds the level to the first bar's price and trend to zero, with persistence handling subsequent updates. A security call fetches the last bar index for tail logic, using lookahead to align with realtime but introducing minor repaint on unconfirmed bars.
Parameter Guide
The Source parameter selects the price input for level and residual calculations, defaulting to close; consider using high or low for assets sensitive to volatility, as close works well for most trend-following setups. Forecast Steps (h) defines the number of bars ahead for projections, defaulting to 4—shorter values like 1 to 5 suit intraday trading, while longer ones may widen bands excessively in choppy conditions. The Color Scheme (2025 Trends) option sets the base, up, and down colors for bands, labels, and backgrounds, starting with Ruby Dawn; opt for serene schemes on clean charts or vibrant ones to stand out in dark themes.
Level Smoothing α controls the responsiveness of the price baseline, defaulting to 0.3—values above 0.5 enhance tracking in fast markets but may amplify noise, whereas lower settings filter disturbances better. Trend Smoothing β adjusts sensitivity to slope changes, at 0.1 by default; increasing to 0.2 helps detect emerging shifts quicker, but keeping it low prevents whipsaws in sideways action. Damping φ (0..1) governs trend persistence, defaulting to 0.8—near 0.9 preserves carryover in sustained moves, while closer to 0.5 curbs overextensions more aggressively.
Show Fan Bands (50/75/95) toggles the probabilistic range display, enabled by default; disable it in oscillator panes to reduce clutter, but it's key for overlay forecasts. Residual Window (Bars) sets the length for deviation estimates, at 400 bars initially—100 to 200 works for short timeframes, and 500 or more adds stability over extended histories. Line Width determines the thickness of band and median lines, defaulting to 2; go thicker at 3 to 5 for emphasis on higher timeframes or thinner for layered indicators.
Show Median/Forecast Line reveals the central projection, on by default—hide if bands provide enough detail, or keep for pinpoint entry references. Show Integrated Label activates the combined view of forecast, momentum, and signal, defaulting to true; it's right-aligned for convenience, so turn it off on smaller screens to save space. Show Tail Background colors the last few bars by forecast direction, enabled initially; pair low transparency for subtle hints or higher for bolder emphasis.
Tail Length (Bars) specifies bars to color backward from the current one, at 3 by default—1 to 2 fits scalping, while 5 or more underscores building momentum. Tail Transparency (%) fades the background intensity, starting at 80; 50 to 70 delivers strong signals, and 90 or above allows seamless blending. Include Momentum in Label adds the scaled trend value, defaulting to true—ATR% scaling here offers relative strength context across assets.
Include Long/Short/Neutral Signal in Label displays direction from the trend sign, on by default; neutral helps in ranging markets, though it can be overlooked during strong trends. Scaling normalizes momentum output (raw, ATR-relative, or level-relative), set to ATR% initially—ATR% ensures cross-asset comparability, while %Level provides percentage perspectives. ATR Length defines the period for true range averaging in scaling, at 14; align it with your chart timeframe or shorten for quicker volatility responses.
Decimals sets precision in the momentum label, defaulting to 2—0 to 1 yields clean integers, and 3 or more suits detailed forex views. Show Zero-Cross Markers places arrows at direction changes, enabled by default; keep size small to minimize clutter, with text labels for fast scanning.
Reading & Interpretation
Fan bands expand outward from the current bar, with the median line as the central forecast—narrower bands indicate lower uncertainty, wider suggest caution. Colors tint up (positive forecast vs. prior level) in the scheme's up hue and down otherwise. The optional label lists the horizon, median, and range brackets at 50%, 75%, and 95% levels, followed by momentum (scaled per mode) and signal (Long if positive trend, Short if negative, Neutral if zero). Zero-cross arrows mark trend flips: upward triangle below bar for bullish cross, downward above for bearish. Tail background reinforces the forecast direction on recent bars.
Practical Workflows & Combinations
- Trend following: Enter long on upward zero-cross if median forecast rises above price and bands contain it; confirm with higher highs/lows. Short on downward cross with falling median.
- Exits/Stops: Trail stops below 50% lower band in longs; exit if momentum drifts negative or signal turns neutral. Use wider bands (75/95%) for conservative holds in volatile regimes.
- Multi-asset/Multi-TF: Defaults work across stocks, forex, crypto on 5m-1D; scale steps by TF (e.g., 10+ on daily). Layer with volume or structure tools—avoid over-reliance on isolated crosses.
Behavior, Constraints & Performance
Closed-bar logic ensures stable historical plots, but realtime updates via security lookahead may shift forecasts until bar confirmation, introducing minor repaint on the last bar. No explicit HTF calls beyond bar index fetch, minimizing gaps but watch for low-liquidity assets. Resources include a 2000-bar lookback for residuals and up to 500 labels, with no loops—efficient for most charts. Known limits: Early bars show wide bands due to sparse residuals; assumes stationary errors, so gaps or regime shifts widen inaccuracies.
Sensible Defaults & Quick Tuning
Start with defaults for balanced smoothing on 15m-4H charts. For choppy conditions (too many crosses), lower β to 0.05 and raise residual window to 600 for stability. In trending markets (sluggish signals), increase α/β to 0.4/0.2 and shorten steps to 2. If bands overexpand, boost φ toward 0.95 to preserve trend carry. Tune colors for theme fit without altering logic.
What this indicator is—and isn’t
This is a visualization and signal layer for damped forecasts and momentum, complementing price action analysis. It isn’t a standalone system—pair with risk rules and broader context. Not predictive beyond the horizon; use for confirmation, not blind entries.
Disclaimer
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
Do not use this indicator on Heikin-Ashi, Renko, Kagi, Point-and-Figure, or Range charts, as these chart types can produce unrealistic results for signal markers and alerts.
Best regards and happy trading
Chervolino
