Pendulum Trend MatrixPendulum Trend Matrix is your all-in-one multi-timeframe dashboard and alert engine:
Up to 10 Timeframes
Choose any 1–10 custom timeframes (TF1–TF10). Blank slots inherit the chart’s current interval.
Four Trend Modules
Per-slot trend detection via ADX (+DI vs –DI), EMA (price vs EMA), VWAP (price vs VWAP), or SuperTrend (ATR-based). Customize ADX length, EMA period, SuperTrend ATR length & multiplier.
Live Countdown
Displays “d h m s” until the next bar closes on each selected timeframe.
Custom Symbols & Styling
Default 🚀/💩 for bullish/bearish but change to anything you like. Font sizes and table corner placement are adjustable.
Built-In Alerts
Countdown Reset Alerts: Fires on every bar close for TF1–TF10.
Trend Change Alerts: Fires whenever the trend flips in each slot.
Alert Behavior & Limitation
Due to TradingView’s execution model, your script only runs on the chart’s timeframe (or on each incoming tick if you choose “Once Per Tick” in the Alert dialog). Consequently:
If you set TF1 = 15S but your chart is on 5 min, the “15 s” reset won’t trigger until the 5 min bar updates or closes.
To receive regular sub-minute alerts, you must run the indicator on a chart interval at or below your shortest TF slot.
Tip: For reliable 1 min or faster alerts, set your chart to 1 min (or smaller) and choose “Once Per Tick” in the Alert dialog. This ensures your Countdown Reset and Trend Change alerts fire as expected, even on fast timeframes.
Direction
Trend Matrix - XTrend Matrix - X: Advanced Market Trend Analysis
Introduction: Trend Matrix - X is a powerful indicator designed to provide a comprehensive view of market trends, state transitions, and dynamics. By integrating advanced algorithms, statistical methods, and smoothing techniques, it identifies Bullish, Bearish, or Ranging market states while offering deep insights into trend behavior.
This indicator is ideal for traders seeking a balance between noise reduction and real-time responsiveness, with configurations that adapt dynamically to market conditions.
How It Works?
The indicator combines K-Median Clustering, Kalman Filtering, Fractal Dimension Analysis, and various regression techniques to provide actionable insights.
Market State Detection
- Divides data into three clusters: Bullish, Bearish, and Ranging.
- Uses K-Median Clustering to partition data based on medians, ensuring robust state classification even in volatile markets.
- Slope-Based Trend Analysis: Calculates trend slopes using Linear, Polynomial, or Exponential Regression. The slope represents the trend direction and strength, updated dynamically based on market conditions. It can apply Noise Reduction with Kalman Filter to balance stability and sensitivity
Dynamic Lookback Adjustment
- Automatically adjusts the analysis window length based on market stability, volatility, skewness, and kurtosis.
- This feature ensures the indicator remains responsive in fast-moving markets while providing stability in calmer conditions.
Fractal Dimension Measurement
- Calculates Katz Fractal Dimension to assess market roughness and choppiness.
- Helps identify periods of trend consistency versus noisy, range-bound markets.
Why Use Trend Matrix - X?
- Actionable Market States: Quickly determine whether the market is Bullish, Bearish, or Ranging.
- Advanced Smoothing: Reduces noise while maintaining trend-following precision.
- Dynamic Adaptation: Automatically adjusts to market conditions for consistent performance across varying environments.
- Customization: Configure regression type, lookback dynamics, and smoothing to suit your trading style.
- Integrated Visualization: Displays trend states, fractal dimensions, and cluster levels directly on the chart.
Configuration Options
Matrix Type (Raw or Filtered)
- Raw shows the unfiltered slope for real-time precision.
- Filtered applies Kalman smoothing for long-term trend clarity.
Regression Type
- Choose Linear, Polynomial, or Exponential Regression to calculate slopes based on your market strategy.
Dynamic Lookback Adjustment
- Enable Gradual Adjustment to smoothly adapt lookback periods in response to market volatility.
Noise Smoothing
- Toggle Smooth Market Noise to apply advanced filtering, balancing stability with responsiveness.
Cluster State Detection
- Visualize the current state of the market by coloring the candles to match the detected state.
How to Use the Trend Matrix - X Indicator
Step-by-Step Guide
Add the Indicator to Your Chart
- Once applied, it will display: Trend line (Trend Matrix) for identifying market direction, A state table showing the current market state (Bullish, Bearish, or Ranging), Cluster levels (High, Mid, and Low) for actionable price areas, Fractal dimension metrics to assess market choppiness or trend consistency.
Configure Your Settings
- Matrix Source (Raw vs. Filtered): Raw Matrix : Displays real-time, unsmoothed slope values for immediate precision. Ideal for fast-moving markets where rapid changes need to be tracked. Filtered Matrix : Applies advanced smoothing (Kalman Filter) for a clearer trend representation. Recommended for longer-term analysis or noisy markets
- Regression Type (Choose how the trend slope is calculated): Linear Regression : Tracks the average linear rate of change. Best for stable, straightforward trends. Polynomial Regression : Captures accelerating or decelerating trends with a curved fit. Ideal for dynamic, cyclical markets. Exponential Regression : Highlights compounding growth or decay rates. Perfect for parabolic trends or exponential moves.
- Market Noise Smoothing: Applies an adaptive (no lag) smoothing technique to the Matrix Source.
- Gradual Lookback Adjustment: Enable "Gradually Adjust Lookback" to allow the indicator to dynamically adapt its analysis window. (Indicator already does an automatic window, this just refines it).
Read the Outputs
- Trend Matrix Line: Upward Line (Bullish): Market is trending upward; look for buy opportunities. Downward Line (Bearish): Market is trending downward; look for sell opportunities.
- Cluster Levels: High Level (Cluster 0): Represents the upper bound of the trend, often used as a resistance level. Mid Level (Cluster 2): Serves as a key equilibrium point in the trend. Low Level (Cluster 1): Indicates the lower bound of the trend, often used as a support level.
- Market State Table: Displays the current state of the market. Bullish State: Strong upward trend, suitable for long positions. Bearish State: Strong downward trend, suitable for short positions. Ranging State: Sideways market, suitable for range-bound strategies.
- Fractal Dimension Analysis: Low Fractal Dimension (< 1.6): Indicates strong trend behavior; look for trend-following setups. High Fractal Dimension (> 1.6): Suggests choppy, noisy markets; focus on range-trading strategies.
Advanced Usage
- Adaptive Clustering: The indicator uses K-Median Clustering to dynamically identify Bullish, Bearish, and Ranging states based on market data. For traders interested in state transitions, monitor the cluster levels and the state table for actionable changes.
Trading Strategies
- Trend-Following: Use the Filtered Matrix and Fractal Dimension (< 1.6) to identify and follow strong trends. Enter long positions in Bullish States and short positions in Bearish States.
Disclaimer
I am not a professional market analyst, financial advisor, or trading expert. This indicator, Trend Matrix - X, is the result of personal research and development, created with the intention of contributing something that the trading community might find helpful.
It is important to note that this tool is experimental and provided "as-is" without any guarantees of accuracy, profitability, or suitability for any particular trading strategy. Trading involves significant financial risk, and past performance is not indicative of future results.
Users should exercise caution and use their own discretion when incorporating this indicator into their trading decisions. Always consult with a qualified financial advisor before making any financial or trading decisions.
By using this indicator, you acknowledge and accept full responsibility for your trading activities and outcomes. This tool is intended for educational and informational purposes only.
Returns Since PivotReturns Since Pivot (RSP) helps to analyze the trend and seasonality.
This indicator draws 2 separate lines
green - upward movement
red - downward movement
Unlike other trend indicators, it's important that even while uptrend you can still see the power of downward moves that occurred during move up.
Hints and setups:
1) Helps to identify clear up trend from the noisy/mixed one: clearly growing non-interrupted green line, without significant negative red lines.
2) Helps to see potential trend reversal: for example, clear strong green line was interrupted for a brief price drop. Then the uptrend continues, you see clear green line again. But -- it's visible that new green line is way less strong, so the price might have exhausted.
3) While trading on 5 min chart, you can set RSP to 1 hour, or 4 hours to get a clear picture of price action on macro timeframe.
4) Indicator is normalized, so you can compare different coins. For example, after the big drop and rebound, you can use RSP to understand which coin had more powerful rebound, thus potentially will be a best gainer in case if the market continues go up.
RSI Confirm Trend with Williams (W%R)RSI Confirm Trend with Williams (W%R)
This is the "RSI Confirm Trend with Williams (W%R)" indicator
This is a modification of the "RSI Trends" indicator by zzzcrypto123.
What Is the Relative Strength Index (RSI)?
The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security.
What is Williams %R?
Williams %R, also known as the Williams Percent Range, is a type of momentum indicator that moves between 0 and -100 and measures overbought and oversold levels. The Williams %R may be used to find entry and exit points in the market. The indicator is very similar to the Stochastic oscillator and is used in the same way. It was developed by Larry Williams and it compares a stock’s closing price to the high-low range over a specific period, typically 14 days or periods.
How Does "RSI Confirm Trend with Williams (W%R)" work?
This indicator combines the momentum of both RSI and Williams %R by adding upper and lower thresholds. When the thresholds are broken, this indicator changes color from gray to either green or red.
What Are The Thresholds?
The default RSI thresholds are 55 and 45. These values are configurable.
The default Williams %R thresholds are 80 and 20. These values are configurable and made positive so it can be plotted against the RSI line.
How To Use?
When the RSI exceeded the upper/lower thresholds, the RSI line color will change from gray to lighter green/red color.
When the Williams %R exceeded the upper/lower thresholds, the RSI color will change to darker green/red color signifying a strong momentum in that direction.
When the RSI color is gray, this means the RSI and Williams %R thresholds are not broken which can also signify as no trend or consolidation.
The Williams %R line is not displayed by default but can be enabled using the checkbox provided in the Style tab.
This "RSI Confirm Trend with Williams (W%R)" indicator can be combined with other technical indicators to verify the idea behind this theory.
-----------------
Disclaimer
The information contained in this indicator does not constitute any financial advice or a solicitation to buy or sell any securities of any type.
My scripts/indicators/ideas are for educational purposes only!
RWEDT Weighted Moving Average Overview:
The RWEDT MA, which is short for rolling, weighted, exponential, double exponential, and triple exponential, is a group of moving averages that were subjected to a log transformation to deal with the skewness of price, and the weight of each of these moving averages was also used for calculating the standard deviations from the mean.
Clearing a misunderstanding on Standard Deviation Bands and Moving Averages
Bands, such as standard deviation bands, are frequently misinterpreted as indicators of support and resistance levels or as "mean-reverting" indicators." However, this is not their intended purpose. Bands are statistical tools that provide ranges within which price (in this case) movements are expected to occur based on historical data. Deviations beyond these bands suggest a decrease in confidence in the model rather than a reversal back to a moving average or a "support/resistance level."
Example : Assuming you correctly applied a log transformation to your standard deviation bands to remove the right skew, and assuming your data closely resembles a normal distribution or some other type of symmetrical distribution, then the probability of a value being in the 2 standard deviation range is around 95%. This does not mean it will reject or go up, or mean revert. The price won't bounce from -2 STDEV 95% of the time; that is incorrect. It just tells you that around 95% of the values will be within the 2 SD range.
Moving averages, including the ones in this indicator, are often misinterpreted as signals of trend reversals or levels of "bouncing." What moving averages actually tell you is what the expected value is. It does not show where you expect the price to be in the future; it tells you that based on the lookback, the expected value is in the center, and the confidence you have in the estimate is the confidence interval or the standard deviation range.
Example: Let's say you enter a trade with a positive expected value (expecting the price to drift up), and we have the limits set at 95%. What it tells you is that as long as the price stays within the limits, you can be 95% certain the model isn't completely random. As the price moves further away from the average, or expected value, it tells you that the model is less likely to be correct.
RWEDT MA
This indicator comes with 5 moving averages, each log transformed to reduce the skewness and asymmetry of price as much as possible
Rolling
Weighted
Exponential
Double Exponential
Triple Exponential
The band standard deviation can be adjusted, and the standard deviations have the weight of all of the moving averages that are present in the indicator. The weight is not customizable.
Why this indicator is useful:
This indicator can tell you what the expected value is. Above the moving average signifies a positive expected value, and below the moving average signifies a negative expected value. As previously stated above, the price moving further from the expected value lets you know that you should have less confidence that the model is "correct," and you could see this as taking profits as the price deviates further from the expected value.
The importance of log-transforming prices for standard deviations and moving averages.
Symmetry: Logarithmic transformations can help achieve symmetry in the distribution of price data. Stock prices, for example, exhibit some type of right-skewed distribution, where large positive price movements are more common than large negative movements. Price also can't go below 0 but can go towards positive infinity, so having a right-skew makes sense; all the outliers will be towards infinity, while all the average occurrences are "near" 0.
Stabilizing Variance: Price data typically exhibit heteroscedasticity, meaning that the variance of price movements changes over time. Log transformations can stabilize the variance and make it more consistent across different price levels. This is important for ensuring that the variability in price moves is not disproportionately influenced by extreme values.
Statistical Assumptions: Many retail indicators like Bollinger Bands use the standard deviation and moving average models of a normal distribution to attempt to model price, whose distribution more closely resembles some type of right-skew distribution. Even with the log-transformation, it still won't always resemble a perfect symmetrical distribution, and you still should not use it for mean reversion. You can still use it to understand the expected value and whether or not you should have confidence in your model.
Tick Volume Direction IndicatorTick Volume Direction Indicator
This indicator captures:
• tick volume
• tick direction
The settings are as follows:
• volume or base currency value selection.
• label distance (away from the low of the candle).
• Tick volume - on/off switch for tick volume.
• label size.
• Up tick move color.
• tick move absorbed - when the tick doesn't change position.
• Down tick move.
On the first initial load, it will have the existing volume data as "?" as tradingview doesn't have a history of each tick.
Be aware, any settings change you make will refresh the tick data from start.
This indicator is one of the best real-time ways of seeing buying and selling pressure.
MA Slope [EMA Magic]█ Overview:
The MA Slope calculates the slope based on a given moving average.
The Moving Average Slope indicator allows you to identify the direction and the strength of a trend.
It calculates the rate of change in percentage based on the user-defined moving average.
█ Calculation: This indicator calculates the slope based on the changes of moving average and normalizes it with Average True Range(ATR).
The default value of ATR is 7.I recommend not changing it unless you know exactly what are you doing.
█ Input Settings:
The settings are divided into three sections:
The first section is for time frame adjustments. Modify it separately from the chart, Allows you to use moving averages from different time frames.
In the second section, you can configure the base calculation,including Moving Average and Average True Range(ATR) settings.
In the third section, you can detect breakout and sudden change signals, which are highlighted in the background of the indicator.
Note that When you change the breakout limit value, it also affects the band limit indicator on your chart.
To avoid signal confusion, use only one at a time.
Here is the example the breakout signals:
█ Usage:
When the slope is increasing, it indicates an uptrend.
When the slope is decreasing, it indicates a downtrend.
When the slope is moving around zero and choppy, it indicates no specific trend or price is in a range zone.
Uptrend and Range Zone example:
Downtrend example:
Slope peaks on extreme levels can signal a potential trend reversal point.
Breakout of the upper or lower bands can be translated into a trading signal.Indicating that price will probably continue to move in the direction of the breakout.
Favor long setups when the slope is increasing or it is positive and favor short setups when the slope is decreasing or it is negative.
Fits with any moving average you use, e.g., EMA, WMA, MA Ribbon, and more.
█ Alert
Alerts are available for both signal conditions.
█ Recap
Take the time to study price movements alongside this indicator for a deeper understanding.Whether you're a novice or experienced trader, this indicator can come helpful
VIPER DOPING - A Volume Profile to estimate trend probabilityDESCRIPTION :
VIPER DOPING uses volume analysis to help trader to understand trading keys below:
Support and Resistance
Profit and Loss
Estimate candle direction
Trend
Biggest Buy and Sell on level prices
HOW TO USE:
The volume bar will have buy and sell colors, by default the buy color is blue and the sell is red. The size of bar is important matter, the biggest bar size means that price level has strong volume or transaction and the smallest bar size indicates the lowest transaction or volume. How to read it?
The bar above the candle is the resistance
The bar below the candle is the support
If you want long the market, find the biggest or bigger support, which is below the candle
If you want short the market, find the biggest or bigger resistance which is above the candle
Trading style and the maximum range (total candle), default is 60. This setup to analyze volumes in specific candle range. Please check the following recommendation based on trading style:
Scalping: 30 - 60 candles, recommendation timeframe: 5m - 1h
Day Trading: 50 - 120 candles, recommendation timeframe: 30m - 4h
Swing Trading: 100- 240 candles, recommendation timeframe: 1h- 3D
The white box is to visualize trading area by total candle. Every line has the meaning:
The left line is the start candle
The right line is the end candle
The top line is the highest price of volume profile
The bottom line is the lowest price of volume profile
The fibonacci line will help you to confirm and compare of supports and resistances with the volume profile lines.
The TABLE CELLS
it contains information to help trader to understand the recent situation of market and to take strategy of trading:
Total Candle : the maximum candles are used to analyze the volume from previous active candle
Biggest Sell : the horizontal price area which has the largest of sell volume of the last total candle
Biggest Buy : the horizontal price area which has the largest of buy volume of the last total candle
Buy Rate : the ratio of buy and sell volume of the last total candle
Support: the closest price to be the support from the active candle, auto changed if support to be invalid
Resistance : the closest price to be the resistance from the active candle, auto changed if support to be invalid
PnL : the percentage profit if you trade using the support and resistance prices and it can be used for Risk Management. Wisely the risk is 50% of the profit, example if the profit 1% the your risk should be 0.5% from entry.
Estimate : to analize the next direction of candle or target, it will be changed automatically by volume condition.
CONFIGURATION:
Table Position : You can change the table position to top or bottom, to left, right or center
Calculation : You can include the active candle in volume calculation or you can choose the behind active candle. If you use active candle, there could be possible repainting.
The volume profile configuration is about appearance configuration, to setup the thickness, colors, position.
The fibonacci configuration is about appearance configuration, to setup the thickness, extend lines, label styles.
SizeblockPrice change indicator in the form of diagonal rows.
The calculation is based on the percentage or tick deviation of the price movement (indicated in the "Deviation" parameter), which is displayed on the chart in the form of rows.
The row consists of the base middle line, upper and lower limits:
The middle line is the basis for the upper and lower limits of the current row.
The upper and lower limits are deviations from the base middle line of the current row.
The base middle line is equal to the upper or lower limits of the previous row (if the price changes rapidly in one time interval, then the base middle line of the current row is greater than the upper limit of the previous row or less than the lower limit of the previous row by an equal number of deviations depending on the direction of price movement). At the beginning of the calculation, the base middle line is equal to the initial value of the first row.
The "Quantity" parameter determines the deviation for the upper or lower limits depending on the direction of the price movement, and the "U-turn" parameter determines the deviation for changing the direction of the price movement.
The rule for constructing a new row:
The "Source" parameter accepts, depending on the choice, the price of high, low values or the closing price from the time interval of the chart.
When the price reaches the upper or lower limits of the row and goes beyond them, a new row is formed with the same parameters for deviation of the upper and lower limits from the base middle line, depending on the direction of price movement.
By adjusting certain deviations, you can clearly see the local trend and reversal points on the chart.
A useful tool for tracking price direction.
Thanks for your attention!
daily bias @ttrades x joshuuuDaily bias is one of the most powerful tools when it comes to intraday trading.
Ttrades published a youtube video, in which he showcases his mechanical way of determing the daily bias based on ICTs and the MMXM Traders Teachings.
This indicator is based on those concepts.
The rules for this indicator are simple.
scenario 1 - first line of table
Close above previous days high gives a bullish bias.
Close below previous days low gives a bearish bias.
scenario 2 - second line of the table
Wick below previous days low and close within previous days body or above gives a bullish bias.
Wick above previous days high and close within previous days body or below gives a bearish bias.
"Bullish" bias is valid until previous daily high (pdh) is reached.
"Bearish" bias is valid until previous daily low (pdl) is reached.
If none of the above mentioned conditions is met OR the target (pdh/pdl) is reached, the bias is set to "Neutral".
On the daily timeframe, probabilities are visible on the table to reach pdh when the bias is "Bullish" or to reach pdl when the bias is "Bearish".
If the bias is bullish, the ideal buy would be below ny midnights opening price.
If the bias is bearish, the ideal sell would be above the ny midnights opening price.
ADX Trend FilterADX Trend Filter Indicator is a traditional ADX indicator with a different presentation. its consist of two indicators EMA TREND and ADX / DMI
About Indicator:
1. BAND / EMA band to represent EMA Trend of EMA-12 and EMA-50
(Band is plotted at level-20 which is the Threshold level of DMI / ADX indicator)
2. Histogram showing the direction of ADX / DMI trend
3. Area behind the histogram showing ADX/DMI strength
How to use?
1. Histogram represents current Trend Red for Bearish / Green for Bullish
2. Area behind the histogram represents Strength of ADX / DMI Threshold level is 0-20(represented as band). (Area below the Band is Sideways)
3. Band represents the current MA Trend.
4. Buy Sell signals are plotted as triangles in red/green obtained from ADX / DMI Crossovers
Buy Signal (Green Triangle on band- ADX Crossover)
1.Band below Histogram must be Green
2.Histogram must be green
3.Area behind histogram must be above the lower trend band (20level) and visible
Sell Signal (Red Triangle on band- ADX Crossover)
1.Band below Histogram must be Red
2.Histogram must be Red
3.Area behind histogram must be above the lower trend band (20level) and visible
Alerts provided for ADX crossovers.
SAR MACDSAR MACD is an idea of implementing Directional MACD with Parabolic SAR to exactly detect and confirm Trend. This p-SAR MACD consist of a HYBRID MACD which acts as MACD TREND oscillator, MACD Oscillator, PSAR Indicator combined with MA line. thus Fake MACD Signals can be eliminated using this SAR MACD. Sideways can be detected using Threshold Levels must be adjusted based on timeframe.
Indicators Hybrid model contains:
1.MACD (12,26,9) Standard with MA Crossovers
2.MACD Trend
3.Parabolic SAR with 0.02
4.Threshold level - indicates Sideways
How to use.
Histogram:
-> HIST MODE: normal MACD indicator
MA Line Color is based on PSAR Direction Blue-Up/ Pink -Down
A crossover upside with a Blue MA line denotes Up confirmation
A Crossover downwards with a red MA line denotes Down Confirmation
Additionally Histogram above zero line and below zero line are to be confirmed
-> MACD MODE: MACD Trend indicator
MA Line Color is based on PSAR Direction Blue-Up/ Pink -Down
A crossover upside with a Blue MA line denotes Up confirmation
A Crossover downwards with a red MA line denotes Down Confirmation
Additionally Histogram above zero line and below zero denotes long term Trend
-> Histogram Color: Indicates candles direction
Yellow indicates Unconfirmed Direction
Green Indicates up direction
Red Indicates Down Direction
Buy Condition:
MA Color - Blue
Histogram- Above Zero
Histogram/Candle -Green
MA Crossover is must
Sell Condition:
MA Color - Red
Histogram- Below Zero
Histogram/Candle -Red
MA Cross under is must
Warning: Must not be used as a standalone indicator. Use for confirmation of your Buy Sell Signals and Entry only.
Trend crossierHello there!
I would like to share my script.
This is S/R levels indicator based on custom range for each step used for computing minimum/maximum of the range.
For example - we predefined step with 50 candles as one, after we have got the minimum and maximum of it - we come to the next 50 candles and do the same to it.
Finaly - we have got 20 lines for 10 steps.
After that - we set the ( SMA * mult) to have step between lines and if N of lines in range of step from eachother(if a+step > b and b+step > c ...) we call it a strong level.
It is not my idea(but my code), so I do not claim the uniqueness of this idea (the customer asked me to code it, but I also read about this method in open sources before).
The second thing - vectors of current trend direction on different timeframes.
For this task I took the same ranges, but ema () of each range. After first step it has an array with N values.
The next thing it does is take out "chain" one by one on each iteration. How does it do that? We take new AVG with neighbor values.
If we have 10 length at start - after iteration it becomes 9. So it repeats computing till length is 2.
After we have 2 points left - we can plot the line using indexes.
This way we can see the trend direction on different timeframes.
Feel free to use, change, put into another scripts. You can even never use it!
The right to publish this particular code was issued by the customer.
Have fun!
HHV & LLV based TrendHHV and LLV gives good information about the trend.
A trend will be visible when its seen with fast and slow line cross
UP trend: HHV_fastline = HHV Slowline and LLVfastline crossover LLVSlowline
DOWN trend: HHV_fastline crossunder HHV Slowline and LLVfastline !=LLVSlowline
Attempted to plot the same with multiple options to choose fastline length, slowline length, Multi time frame.
TriexDev - SuperBuySellTrend (PLUS+)Minimal but powerful.
Have been using this for myself, so thought it would be nice to share publicly. Of course no script is correct 100% of the time, but this is one of if not the best in my basic tools. (This is the expanded/PLUS version)
Github Link for latest/most detailed + tidier documentation
Base Indicator - Script Link
TriexDev - SuperBuySellTrend (SBST+) TradingView Trend Indicator
---
SBST Plus+
Using the "plus" version is optional, if you only want the buy/sell signals - use the "base" version.
## What are vector candles?
Vector Candles (inspired to add from TradersReality/MT4) are candles that are colour coded to indicate higher volumes, and likely flip points / direction changes, or confirmations.
These are based off of PVSRA (Price, Volume, Support, Resistance Analysis).
You can also override the currency that this runs off of, including multiple ones - however adding more may slow things down.
PVSRA - From MT4 source:
Situation "Climax"
Bars with volume >= 200% of the average volume of the 10 previous chart TFs, and bars
where the product of candle spread x candle volume is >= the highest for the 10 previous
chart time TFs.
Default Colours: Bull bars are green and bear bars are red.
Situation "Volume Rising Above Average"
Bars with volume >= 150% of the average volume of the 10 previous chart TFs.
Default Colours: Bull bars are blue and bear are blue-violet.
A blue or purple bar can mean the chart has reached a top or bottom.
High volume bars during a movement can indicate a big movement is coming - or a top/bottom if bulls/bears are unable to break that point - or the volume direction has flipped.
This can also just be a healthy short term movement in the opposite direction - but at times sets obvious trend shifts.
## Volume Tracking
You can shift-click any candle to get the volume of that candle (in the pair token/stock), if you click and drag - you will see the volume for that range.
## Bollinger Bands
Bollinger Bands can be enabled in the settings via the toggle.
Bollinger Bands are designed to discover opportunities that give investors a higher probability of properly identifying when an asset is oversold (bottom lines) or overbought (top lines).
>There are three lines that compose Bollinger Bands: A simple moving average (middle band) and an upper and lower band.
>The upper and lower bands are typically 2 standard deviations +/- from a 20-day simple moving average, but they can be modified.
---
Base Indicator
## What is ATR?
The average true range (ATR) is a technical analysis indicator, which measures market volatility by decomposing the entire range of an asset price for that period.
The true range indicator is taken as the greatest of the following:
- current high - the current low;
- the absolute value of the current high - the previous close;
- and the absolute value of the current low - the previous close.
The ATR is then a moving average, generally using 10/14 days, of the true ranges.
## What does this indicator do?
Uses the ATR and multipliers to help you predict price volatility, ranges and trend direction.
> The buy and sell signals are generated when the indicator starts
plotting either on top of the closing price or below the closing price. A buy signal is generated when the ‘Supertrend’ closes above the price and a sell signal is generated when it closes below the closing price.
> It also suggests that the trend is shifting from descending mode to ascending mode. Contrary to this, when a ‘Supertrend’ closes above the price, it generates a sell signal as the colour of the indicator changes into red.
> A ‘Supertrend’ indicator can be used on equities, futures or forex, or even crypto markets and also on daily, weekly and hourly charts as well, but generally, it will be less effective in a sideways-moving market.
Thanks to KivancOzbilgic who made the original SuperTrend Indicator this was based off
---
## Usage Notes
Two indicators will appear, the default ATR multipliers are already set for what I believe to be perfect for this particular (double indicator) strategy.
If you want to break it yourself (I couldn't find anything that tested more accurately myself), you can do so in the settings once you have added the indicator.
Basic rundown:
- A single Buy/Sell indicator in the dim colour; may be setting a direction change, or just healthy movement.
- When the brighter Buy/Sell indicator appears; it often means that a change in direction (uptrend or downtrend) is confirmed.
---
You can see here, there was a (brighter) green indicator which flipped down then up into a (brighter) red sell indicator which set the downtrend. At the end it looks like it may be starting to break the downtrend - as the price is hitting the trend line. (Would watch for whether it holds above or drops below at that point)
Another example, showing how sometimes it can still be correct but take some time to play out - with some arrow indicators.
Typically I would also look at oscillators, RSI and other things to confirm - but here it held above the trend lines nicely, so it appeared to be rather obvious.
It's worth paying attention to the trend lines and where the candles are sitting.
Once you understand/get a feel for the basics of how it works - it can become a very useful tool in your trading arsenal.
Also works for traditional markets & commodities etc in the same way / using the same ATR multipliers, however of course crypto generally has bigger moves.
---
You can use this and other indicators to confirm likeliness of a direction change prior to the brighter/confirmation one appearing - but just going by the 2nd(brighter) indicators, I have found it to be surprisingly accurate.
Tends to work well on virtually all timeframes, but personally prefer to use it on 5min,15min,1hr, 4hr, daily, weekly. Will still work for shorter/other timeframes, but may be more accurate on mid ones.
---
This will likely be updated as I go / find useful additions that don't convolute things. The base indicator may be updated with some limited / toggle-able features in future also.
TriexDev - SuperBuySellTrendMinimal but powerful.
Have been using this for myself, so thought it would be nice to share publicly. Of course no script is correct 100% of the time, but this is one of if not the best in my basic tools.
Two indicators will appear, the default ATR multipliers are already set for what I believe to be perfect for this particular (double indicator) strategy.
If you want to break it yourself (I couldn't find anything that tested more accurately myself), you can do so in the settings.
Basic rundown:
A single Buy/Sell indicator in the dim colour; may be setting a direction change, or just healthy movement.
When the brighter Buy/Sell indicator appears; it often means that a change in direction (uptrend or downtrend) is confirmed.
You can see here, there was a (brighter) green indicator which flipped down then up into a (brighter) red sell indicator which set the downtrend. Once you understand the basics of how it works - it can become a very useful tool in your trading arsenal.
Typically I will use this and other indicators to confirm likeliness of a direction change prior to the brighter/confirmation one appearing - but just going by the 2nd(brighter) indicators, have found it to be surprisingly accurate.
Tends to work well on virtually all timeframes, but personally prefer to use it on 5min,15min,1hr, 4hr, daily, weekly. Will still work for shorter/other timeframes, but may be more accurate on mid ones.
Jurik DMX Histogram [Loxx]Jurik DMX Histogram is the ultra-smooth, low lag version of your classic DMI indicator.
What is the directional movement index?
The directional movement index (DMI) is an indicator developed by J. Welles Wilder in 1978 that identifies in which direction the price of an asset is moving. The indicator does this by comparing prior highs and lows and drawing two lines: a positive directional movement line (+DI) and a negative directional movement line (-DI). An optional third line, called the average directional index (ADX), can also be used to gauge the strength of the uptrend or downtrend.
When +DI is above -DI, there is more upward pressure than downward pressure in the price. Conversely, if -DI is above +DI, then there is more downward pressure on the price. This indicator may help traders assess the trend direction. Crossovers between the lines are also sometimes used as trade signals to buy or sell.
What is Jurik Volty used in the Juirk Filter?
One of the lesser known qualities of Juirk smoothing is that the Jurik smoothing process is adaptive. "Jurik Volty" (a sort of market volatility ) is what makes Jurik smoothing adaptive. The Jurik Volty calculation can be used as both a standalone indicator and to smooth other indicators that you wish to make adaptive.
What is the Jurik Moving Average?
Have you noticed how moving averages add some lag (delay) to your signals? ... especially when price gaps up or down in a big move, and you are waiting for your moving average to catch up? Wait no more! JMA eliminates this problem forever and gives you the best of both worlds: low lag and smooth lines.
Ideally, you would like a filtered signal to be both smooth and lag-free. Lag causes delays in your trades, and increasing lag in your indicators typically result in lower profits. In other words, late comers get what's left on the table after the feast has already begun.
What is an adaptive cycle, and what is Ehlers Autocorrelation Periodogram Algorithm?
From his Ehlers' book Cycle Analytics for Traders Advanced Technical Trading Concepts by John F. Ehlers , 2013, page 135:
"Adaptive filters can have several different meanings. For example, Perry Kaufman’s adaptive moving average ( KAMA ) and Tushar Chande’s variable index dynamic average ( VIDYA ) adapt to changes in volatility . By definition, these filters are reactive to price changes, and therefore they close the barn door after the horse is gone.The adaptive filters discussed in this chapter are the familiar Stochastic , relative strength index ( RSI ), commodity channel index ( CCI ), and band-pass filter.The key parameter in each case is the look-back period used to calculate the indicator. This look-back period is commonly a fixed value. However, since the measured cycle period is changing, it makes sense to adapt these indicators to the measured cycle period. When tradable market cycles are observed, they tend to persist for a short while.Therefore, by tuning the indicators to the measure cycle period they are optimized for current conditions and can even have predictive characteristics.
The dominant cycle period is measured using the Autocorrelation Periodogram Algorithm. That dominant cycle dynamically sets the look-back period for the indicators. I employ my own streamlined computation for the indicators that provide smoother and easier to interpret outputs than traditional methods. Further, the indicator codes have been modified to remove the effects of spectral dilation.This basically creates a whole new set of indicators for your trading arsenal."
Included
- Toggle on/off bar coloring
Market Bias (CEREBR)Hello Everyone. I hope you are all doing great. It's been a long time since I posted my first script here, and I got a lot of response from that.
So, I thought I should share this script also to everyone, and anyone that may find it useful. Personally, I use it to tell the general market conditions.
Here's how I works : The script tries to determine the overall direction of the market, using smoothed Heiken Ashi candles. The coloring system (using bright and dark colors) is an attempt to detect strong market and weak market conditions. There's also an oscillator within the script, but for now it isn't plotted. Credits to @jackvmk, I used part of his open-script code in this indicator.\
I have considered using the slope of the indicator plot as a filter for ranging market conditions. The plot goes relatively flat in 'flat' markets. However, I have not done anything about that yet. Maybe some other time.
I hope you find this useful. If you find a way to use this, please share it with the community in the comment section.
NOTE: THIS IS BY NO MEANS FINANCIAL ADVICE. You'll have to make your studies and come up with a way to apply this indicator to your trading style and strategy.
By the way, I would be going with the name 'CEREBR' for any subsequent scripts I release from now on.
Happy Trading, guys.
[TTI] Net New Highs / Lows––––History & Credit
There are multiple methodologies that use Net New Highs for the NASDAQ or NYSE as a market direction indicator. Recently, I saw Matt Caruso to also apply such methodology, so I decided to code this indicator.
–––––What it does
👉 Plots a Net Change histogram. This shows New Highs - New Lows, if the histogram is above 0 this means there are more highs than lows
👉 Plots Background colouring. This is dependant on the sensitivity setting of the indicator. We would require a few days of downward action before concluding a downward action. Sensitivity can be adjusted in the menu
👉 Bot the Histogram and the Background colouring can be turned on and off (as per screenshot example)
–––––How to use it
You can use it to validate if the market conditions are ripe for entering a trade. For instance if you trade long, you would want to confirm with the indicator that general market is facilitating moves to the upside. IBD have mentioned more than once that a stock move is 50% due to the general market move.
[UPRIGHT Trading] Trend Direction Force Index (TDFI)The Trend Direction Force Index, TDFI or TDF Index, is a staple in the Forex community, but is excellent on most asset (i.e. stock) trading.
Developed by Pyotr Wojdyo for metastock trading platform originally, but now on several other.
The idea of the TDFI is that there is enough trend directional force to enter the trade.
How it works:
When the signal is above the high threshold, the trader can go long.
When the signal is below the low threshold, the trader can go short.
It's usually used as confirmation along with another indicator.
Features:
Fully customizable
Built-in color changing
Alerts!
If you like this, you will definitely like what else I've published.
Like, follow, support, etc.
Enjoy.
Cheers,
Mike
(UPRIGHT Trading)
Natural Directional Combo [CC]The Natural Directional Combo was created by Jim Sloman as part of his Ocean theory series and I believe this is his final unique formula that I'm publishing to make them all open source. If you know of any others then please send me a message. He passed away at a young age and I want to make sure his legacy lives on. Big thanks to @altcoinz and @tmac87 for giving me his full source code and materials in order to publish everything. So like my Natural Market Combo script, this essentially take his Natural Stochastic Indicator and his Natural Directional Index to create his own average of both indicators. Like the market combo indicator, I created a fix to address the errors in his original script and included both strong and normal buy and sell signals. Strong signals are darker in color and normal signals are lighter in color. Buy when the line turns green and sell when it turns red.
Let me know if there are any other scripts you would like to see me publish!
Directional AnalyzerThis script attempts to equip users with the necessary information about the direction of an instrument, and essentially it is a synergy of 3 algorithms.
The first algorithm (plotted as dots at level 0) studies the balance of delta volatility that constitutes the current bar and answers if bulls or bears are in control at that exact bar time
The second algorithm (plotted as an area) studies the development of delta volatility over the defined period by means of a polynomial regression. Effectively, it provides an overall picture of the trend strength.
The third algorithm (plotted as a line with arrow labels) utilizes simple elements of neural network in conjunction with some custom filters to predict the focal point that a trend will reverse its direction. This is predictive in nature, hence always adopt this with caution. While the labels display the predicted direction, the colors of the line also reflect the state of the current bar as well, adding to the confirmation of the first algorithm.
May you be on the right side of the trade.
