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Elliott Wave Pattern AnalyzerElliott Wave Pattern Analyzer Overview This indicator automatically detects Elliott Wave impulse patterns and diagonal formations on your chart. It analyzes price structure based on classic Elliott Wave rules and displays wave counts with confidence scores, Fibonacci projections, and invalidation levels. Why I Built This After reading Glenn Neely's book on Elliott Wave theory, I wanted to put my learning into practice by building something tangible. There's no better way to understand a concept than trying to code it! I'll be honest – corrective wave patterns (zigzags, flats, triangles, combinations) were simply too complex for me to implement reliably. So instead, I focused on what I could manage: impulse waves and diagonal patterns. Maybe someday I'll tackle the corrections, but for now, this is my humble contribution. The retracement visualization style was inspired by LuxAlgo's elegant approach – credit where credit is due! How It Works 1. Wave Detection The indicator uses pivot points to identify potential 5-wave structures: WaveRuleWave 2Cannot retrace more than 100% of Wave 1Wave 3Cannot be the shortest among Waves 1, 3, 5Wave 4Should not overlap Wave 1 territory (impulse)Wave 5Completes the motive structure 2. Pattern Types Impulse Waves Classic 5-wave motive structure Wave 3 typically extends (≥1.618 of Wave 1) Strict mode enforces all Elliott rules Diagonal Patterns Ending diagonal (wedge-shaped) Waves progressively contract Lines 1-3 and 2-4 converge to an apex Often signals trend exhaustion 3. Confidence Scoring Each pattern receives a confidence score (0-100%) based on: Fibonacci ratio adherence Wave proportion relationships Rule compliance Structural clarity Only patterns exceeding your threshold (default: 60%) are displayed. 4. Fibonacci Projections After Wave 5 completion, the indicator projects potential retracement levels: 0.382, 0.500, 0.618, 0.786 of the entire impulse 5. Extension Channel Connects Wave 0 origin to the retracement low, projecting: 0.618, 1.000, 1.272, 1.618 extensions Optional extended levels: 2.000, 2.618, 4.236 6. Invalidation Levels Shows the price level where the wave count becomes invalid – helping you know when your analysis is wrong. Settings Explained Impulse Wave Settings Pivot Length: Sensitivity of wave detection (recommended: 5, 7, 14) Strict Mode: Enforce all classic Elliott rules Min Wave 3 Extension: Minimum ratio for Wave 3 (default: 1.618) Diagonal Wave Settings Allow Wave 4-1 Overlap: Required for valid diagonals Extend Trendline: Project diagonal boundaries forward Projection Settings Fibonacci Levels: Customize retracement targets Extension Bars: How far projections extend on chart Pattern Management Max Patterns: Limit displayed patterns to reduce clutter Pattern Lifetime: Auto-remove old patterns after X bars Use Cases Trend Trading: Enter on Wave 3 or Wave 5 breakouts Reversal Spotting: Diagonal completion often signals reversals Target Setting: Use Fibonacci extensions for take-profit levels Risk Management: Invalidation levels provide clear stop-loss references Notes This indicator uses pivot detection and may repaint – signals are confirmed after the specified pivot length Designed for educational and analytical purposes, not as a signal generator Elliott Wave analysis is subjective – this is my algorithmic interpretation Works best on liquid markets with clear trend structure Not financial advice – always do your own research Re-publishing Notice This indicator was previously blocked due to some house rule violations on my part. I've recently had time to review and fix those issues, and I'm now re-publishing a compliant version. Thanks for your patience! Feedback Welcome I'm still learning Elliott Wave theory myself, so if you spot any issues or have suggestions for improvement, please leave a comment. Let's learn together! Happy trading! 📈
Penunjuk Pine Script®
oleh RUpward
2
Advanced Concept V4 Change your trading time zone to New York . To maximize readiness for institutional trading setups based on the prescribed models, traders should set alarms for specific times in the New York Time Zone (EST/EDT), which is generally 10.5 hours behind IST. Asian Stop Hunt Model The Stop Hunt Model is a liquidity-based strategy designed to exploit market stop-loss sweeps by aligning with the IPDA daily bias. The core idea is to wait for price to sweep the engineered liquidity of the Asian Session High or Low (after 10:30 AM IST). Once the sweep occurs, the trader confirms the market's true direction via a Change of Character (CHoCH) on the lower timeframe. The entry is then taken only on a retest of the resulting price inefficiency, specifically a Balanced Price Range (BPR) or imbalance, which represents the institutional entry point. By targeting the next major liquidity pool with a minimum 1:3 risk-to-reward ratio, the model prioritizes discipline and quality over frequent trading. The New York Open Model The New York Open Model is an index-focused strategy (SPX500, NAS100, US30) that trades solely during the New York Session (9:30 AM – 12:30 PM NYT). It establishes a Range Zone high and low from midnight until the open, treating these boundaries as institutional liquidity targets. Execution is triggered by a mandatory liquidity sweep of one side of this range, followed by a confirming Change of Character (CHoCH) on the 1-minute chart. Entry is taken precisely on the retest of a resulting price inefficiency (like an FVG), aiming for the opposite side of the session range, prioritizing simplicity, timing, and controlled risk over external biases like IPDA. The ATM Strategy The ATM Strategy is a high-precision, New York-session trading model designed to capture institutional liquidity moves using the IPDA directional bias. The strategy operates by first defining a Range Zone (00:00 to 8:30 AM NY time) where high and low boundaries act as liquidity targets. Execution is restricted to the Trading Zone (8:30AM to 12:30 PM NY time) and is only triggered when price executes a mandatory liquidity sweep of one range boundary that aligns with the IPDA bias. This sweep must then be confirmed on the 1-minute chart by a Change of Character (CHoCH). Final entry is taken on the retest of a resulting price inefficiency (like an FVG or BPR), with targets set at session highs or lows, ensuring institutional-style execution with high clarity and discipline. The Central Bank Dealer Range (CBDR) The Central Bank Dealer Range (CBDR) model is a disciplined, institutional trading strategy used on the 15-minute chart, primarily focusing on London Session liquidity for major currency pairs. The core idea is to align with Interbank Price Delivery Algorithm (IPDA) bias, which dictates a mandatory liquidity sweep (a false breakout of the previous day's high or low) must occur first. Following this sweep, a visible price imbalance (Fair Value Gap) must form within the London Session. Entry is strictly taken only on the retest of this imbalance zone, confirming institutional order flow, with a fixed target at the opposite boundary of the previous day's range.
Penunjuk Pine Script®
oleh jasiremail
Advanced Momentum TrackerThe Advanced Momentum Tracker (AMT) is a technical indicator designed to identify high-probability trend reversals and momentum shifts in real-time. Unlike traditional indicators that rely solely on mathematical formulas, AMT analyzes price action structure and historical patterns to detect when market momentum is shifting from bullish to bearish (and vice versa). Core Methodology: The indicator tracks consecutive price movements and maintains a comprehensive database of historical momentum patterns. It identifies trend changes by analyzing: Sequential candle relationships (opens and closes) Break of key trailing stop levels formed by recent price action Historical success rates of similar momentum patterns Key Features 1. Dynamic Levels: Automatically plots real-time dynamic trailing stop levels based on current momentum Color-coded lines: Green for bullish momentum, Red for bearish momentum These levels act as trigger points for potential trend changes 2. Entry Signal Markers: Clear BUY (↑) and SELL (↓) arrows when momentum shifts are detected Arrows positioned above/below candles for maximum visibility ,Signals only appear on confirmed trend changes 3. Momentum Score Display: Shows statistical probability based on historical pattern analysis Displays strength percentage of current momentum continuation Helps traders assess confidence level of the current trend 4. Exit Zone Indicator: Plots recommended exit levels for active positions Dynamic color coding: Red for long exits, Green for short exits Warning system (orange) when price breaches exit zones 5. Position Management Filter: Optional risk filter to avoid trades with excessive distance from trigger level Customizable position threshold percentage Helps maintain consistent risk-reward ratios 6. Comprehensive Alert System: Customizable alert messages for both long and short signals Configurable alert frequency (once per bar or once per bar close) Real-time notifications for all signal types Customization Options- Visual Settings: Toggle visibility of current price level, momentum score, and exit zones Customizable colors for all elements (bullish/bearish themes) Adjustable line thickness for dynamic levels Entry Markers: Custom colors for long and short entry signals Adjustable arrow distance from candles Core Parameters: Historical Depth: Amount of past data to analyze (default: 20,000 bars) Sensitivity Level: Controls how strong a move must be to trigger signals (default: 4) Higher values = fewer but stronger signals Lower values = more signals with earlier entries Position Management: Enable/disable position filter Set maximum acceptable risk threshold as percentage How It Works:- Momentum Detection Engine: The script continuously monitors price action, tracking each bullish and bearish leg. It maintains arrays of opens, closes, and counts to build a comprehensive picture of market structure. Pattern Recognition: When price breaks key levels (minimum/maximum of recent candles based on sensitivity), the indicator recognizes a potential momentum shift. Statistical Validation: The script compares the current pattern against its historical database to calculate the probability of momentum continuation. Signal Generation: When a valid trend change is detected (and passes the position filter if enabled), entry signals are displayed with corresponding exit zones. Best Use Cases: Swing trading on any timeframe (works on 1m to 1D charts) Trend reversal identification Momentum trading strategies Works on all markets: Forex, Stocks, Crypto, Indices, Commodities etc Recommended Settings: Scalping/Day Trading: Sensitivity 2-3, Historical Depth 10,000-20,000 Swing Trading: Sensitivity 3-4, Historical Depth 20,000-30,000 Position Trading: Sensitivity 4-5, Historical Depth 30,000+ Important Notes: Signals appear only on confirmed bars (not on real-time candles unless confirmed) The momentum score becomes more accurate as more historical data is processed Position filter should be adjusted based on the volatility of the instrument being traded Best used in conjunction with proper risk management and position sizing What Makes This Indicator Unique: Unlike indicators that simply apply mathematical formulas to price data, AMT learns from historical price behavior. It doesn't just tell you what happened—it tells you what's likely to happen next based on thousands of similar situations in the past. The statistical momentum score provides an edge that pure technical indicators cannot offer. Disclaimer: This indicator is a tool for technical analysis and should not be used as the sole basis for trading decisions. Always use proper risk management and combine with your own analysis. Happy Trading !!
Penunjuk Pine Script®
oleh kingshukghosh71
KCP VWAP + Previous Day High/Low + CPR [Dr.K.C.Prakash]KCP VWAP + PDH/PDL + CPR Indicator This indicator combines VWAP, Previous Day High (PDH), Previous Day Low (PDL), and CPR (Pivot, BC, TC) levels for intraday trading. VWAP shows the fair price and intraday trend direction PDH & PDL act as strong support and resistance CPR levels help identify range, breakout, and reversal zones Displays only today’s levels with clean right-side labels Best suited for index and stock intraday trading Use: Above VWAP → bullish bias | Below VWAP → bearish bias Price near CPR → range | Break from CPR → trending move
Penunjuk Pine Script®
oleh prakash1126
Candle Anatomy (feat. Dr. Rupward)# Candle Anatomy (feat. Dr. Rupward) ## Overview This indicator dissects a single Higher Timeframe (HTF) candle and displays it separately on the right side of your chart with detailed anatomical analysis. Instead of cluttering your entire chart with analysis on every candle, this tool focuses on what matters most: understanding the structure and strength of the most recent HTF candle. --- ## Why I Built This When analyzing price action, I often found myself manually calculating wick-to-body ratios, estimating retracement levels, and trying to gauge candle strength. This indicator automates that process and presents it in a clean, visual format. The "Dr. Rupward" theme is just for fun – a lighthearted way to present technical analysis. Think of it as your chart's "health checkup." Don't take it too seriously, but do take the data seriously! --- ## How It Works ### 1. Candle Decomposition The indicator breaks down the HTF candle into three components: - **Upper Wick %** = (High - max(Open, Close)) / Range × 100 - **Body %** = |Close - Open| / Range × 100 - **Lower Wick %** = (min(Open, Close) - Low) / Range × 100 Where Range = High - Low ### 2. Strength Assessment Based on body percentage: - **Strong** (≥70%): High conviction move, trend likely to continue - **Moderate** (40-69%): Normal price action - **Weak** (<40%): Indecision, potential reversal or consolidation ### 3. Pressure Analysis - **Upper Wick** indicates selling pressure (bulls pushed up, but sellers rejected) - **Lower Wick** indicates buying pressure (bears pushed down, but buyers rejected) Thresholds: - ≥30%: Strong pressure - 15-29%: Moderate pressure - <15%: Weak pressure ### 4. Pattern Recognition The indicator automatically detects: | Pattern | Condition | |---------|-----------| | Doji | Body < 10% | | Hammer | Lower wick ≥ 60%, Upper wick < 10%, Body < 35% | | Shooting Star | Upper wick ≥ 60%, Lower wick < 10%, Body < 35% | | Marubozu | Body ≥ 90% | | Spinning Top | Body < 30%, Both wicks > 25% | ### 5. Fibonacci Levels Displays key Fibonacci retracement and extension levels based on the candle's range: **Retracement:** 0, 0.236, 0.382, 0.5, 0.618, 0.786, 1.0 **Extension:** 1.272, 1.618, 2.0, 2.618 **Negative Extension:** -0.272, -0.618, -1.0 These levels help identify potential support/resistance if price retraces into or extends beyond the analyzed candle. ### 6. Comparison with Previous Candle When enabled, displays the previous HTF candle (semi-transparent) alongside the current one. This allows you to: - Compare range expansion/contraction - Observe momentum shifts - Identify continuation or reversal setups --- ## Settings Explained ### Display Settings - **Analysis Timeframe**: The HTF candle to analyze (default: Daily) - **Offset from Chart**: Distance from the last bar (default: 15) - **Candle Width**: Visual width of the anatomy candle - **Show Previous Candle**: Toggle comparison view ### Fibonacci Levels - Toggle individual levels on/off based on your preference - Retracement levels for pullback analysis - Extension levels for target projection ### Diagnosis Panel - Shows pattern name, strength assessment, and expected behavior - Can be toggled off if you prefer minimal display --- ## Use Cases 1. **Swing Trading**: Analyze daily candle structure before entering on lower timeframes 2. **Trend Confirmation**: Strong body % with minimal upper wick = healthy trend 3. **Reversal Detection**: Hammer/Shooting Star patterns with high wick % 4. **Target Setting**: Use Fibonacci extensions for take-profit levels --- ## Notes - This indicator is designed for analysis, not for generating buy/sell signals - Works best on liquid markets with clean price action - The "diagnosis" is algorithmic interpretation, not financial advice - Combine with your own analysis and risk management --- ## About the Name "Dr. Rupward" is a playful persona I created – combining "Right" + "Upward" (my trading philosophy) with a doctor theme because we're "diagnosing" candle health. It's meant to make technical analysis a bit more fun and approachable. Enjoy! --- ## Feedback Welcome If you find this useful or have suggestions for improvement, feel free to leave a comment. Happy trading!
Penunjuk Pine Script®
oleh RUpward
Global Sovereign Spread MonitorIn the summer of 2011, the yield on Italian government bonds rose dramatically while German Bund yields fell to historic lows. This divergence, measured as the BTP-Bund spread, reached nearly 550 basis points in November of that year, signaling what would become the most severe test of the European monetary union since its inception. Portfolio managers who monitored this spread had days, sometimes weeks, of advance warning before equity markets crashed. Those who ignored it suffered significant losses. The Global Sovereign Spread Monitor is built on a simple but powerful observation that has been validated repeatedly in academic literature: sovereign bond spreads contain forward-looking information about systemic risk that is not fully reflected in equity prices (Longstaff et al., 2011). When investors demand higher yields to hold peripheral government debt relative to safe-haven bonds, they are expressing a view about credit risk, liquidity conditions, and the probability of systemic stress. This information, when properly analyzed, provides actionable signals for traders across all asset classes. The Science of Sovereign Spreads The academic study of government bond yield differentials began in earnest following the creation of the European Monetary Union. Codogno, Favero and Missale (2003) published what remains one of the foundational papers in this field, examining why yields on government bonds within a currency union should differ at all. Their analysis, published in Economic Policy, identified two primary drivers: credit risk and liquidity. Countries with higher debt-to-GDP ratios and weaker fiscal positions commanded higher yields, but importantly, these spreads widened dramatically during periods of market stress even when fundamentals had not changed significantly. This observation led to a crucial insight that Favero, Pagano and von Thadden (2010) explored in depth in the Journal of Financial and Quantitative Analysis. They found that liquidity effects can amplify credit risk during stress periods, creating a feedback loop where rising spreads reduce liquidity, which in turn pushes spreads even higher. This dynamic explains why sovereign spreads often move in non-linear fashion, remaining stable for extended periods before suddenly widening rapidly. Longstaff, Pan, Pedersen and Singleton (2011) extended this research in their American Economic Review paper by examining the relationship between sovereign credit default swap spreads and bond spreads across multiple countries. Their key finding was that a significant portion of sovereign credit risk is driven by global factors rather than country-specific fundamentals. This means that when spreads widen in Italy, it often reflects broader risk aversion that will eventually affect other asset classes including equities and corporate bonds. The practical implication of this research is clear: sovereign spreads function as a leading indicator for systemic risk. Aizenman, Hutchison and Jinjarak (2013) confirmed this in their analysis of European sovereign debt default probabilities, finding that spread movements preceded rating downgrades and provided earlier warning signals than traditional fundamental analysis. How the Indicator Works The Global Sovereign Spread Monitor translates these academic findings into a systematic framework for monitoring credit conditions. The indicator calculates yield differentials between peripheral government bonds and German Bunds, which serve as the benchmark safe-haven asset in European markets. Italian ten-year yields minus German ten-year yields produce the BTP-Bund spread, the single most important metric for Eurozone stress. Spanish yields minus German yields produce the Bonos-Bund spread, providing a secondary confirmation signal. The transatlantic US-Bund spread captures divergence between the two major safe-haven markets. Raw spreads are converted to Z-scores, which measure how many standard deviations the current spread is from its historical average over the lookback period. This normalization is essential because absolute spread levels vary over time with interest rate cycles and structural changes in sovereign debt markets. A spread of 150 basis points might have been concerning in 2007 but entirely normal in 2023 following the European debt crisis and subsequent ECB interventions. The composite index combines these individual Z-scores using weights that reflect the relative importance of each spread for global risk assessment. Italy receives the highest weight because it represents the third-largest sovereign bond market globally and any Italian debt crisis would have systemic implications for the entire Eurozone. Spain provides confirmation of peripheral stress, while the US-Bund spread captures flight-to-quality dynamics between the two primary safe-haven markets. Regime classification transforms the continuous Z-score into discrete states that correspond to different market environments. The Stress regime indicates that spreads have widened to levels historically associated with crisis periods. The Elevated regime signals rising risk aversion that warrants increased attention. Normal conditions represent typical spread behavior, while the Calm regime may actually signal complacency and potential mean-reversion opportunities. Retail Trader Applications For individual traders without access to institutional research teams, the Global Sovereign Spread Monitor provides a window into the macro environment that typically remains opaque. The most immediate application is risk management for equity positions. Consider a trader holding a diversified portfolio of European stocks. When the composite Z-score rises above 1.0 and enters the Elevated regime, historical data suggests an increased probability of equity market drawdowns in the coming days to weeks. This does not mean the trader must immediately liquidate all positions, but it does suggest reducing position sizes, tightening stop-losses, or adding hedges such as put options or inverse ETFs. The BTP-Bund spread specifically provides actionable information for anyone trading EUR/USD or European equity indices. Research by De Grauwe and Ji (2013) demonstrated that sovereign spreads and currency movements are closely linked during stress periods. When the BTP-Bund spread widens sharply, the Euro typically weakens against the Dollar as investors question the sustainability of the monetary union. A retail forex trader can use the indicator to time entries into EUR/USD short positions or to exit long positions before spread-driven selloffs occur. The regime classification system simplifies decision-making for traders who cannot constantly monitor multiple data feeds. When the dashboard displays Stress, it is time to adopt a defensive posture regardless of what individual stock charts might suggest. When it displays Calm, the trader knows that risk appetite is elevated across institutional markets, which typically supports equity prices but also means that any negative catalyst could trigger a sharp reversal. Mean-reversion signals provide opportunities for more active traders. When spreads reach extreme levels in either direction, they tend to revert toward their historical average. A Z-score above 2.0 that begins declining suggests professional investors are starting to buy peripheral debt again, which historically precedes broader risk-on behavior. A Z-score below minus 1.0 that starts rising may indicate that complacency is ending and risk-off positioning is beginning. The key for retail traders is to use the indicator as a filter rather than a primary signal generator. If technical analysis suggests a long entry in European stocks, check the sovereign spread regime first. If spreads are elevated or rising, the technical setup becomes higher risk. If spreads are stable or compressing, the technical signal has a higher probability of success. Professional Applications Institutional investors use sovereign spread analysis in more sophisticated ways that go beyond simple risk filtering. Systematic macro funds incorporate spread data into quantitative models that generate trading signals across multiple asset classes simultaneously. Portfolio managers at large asset allocators use sovereign spreads to make strategic allocation decisions. When the composite Z-score trends higher over several weeks, they reduce exposure to peripheral European equities and bonds while increasing allocations to German Bunds, US Treasuries, and other safe-haven assets. This rotation often happens before explicit risk-off signals appear in equity markets, giving these investors a performance advantage. Fixed income specialists at banks and hedge funds use sovereign spreads for relative value trades. When the BTP-Bund spread widens to historically elevated levels but fundamentals have not deteriorated proportionally, they may go long Italian government bonds and short German Bunds, betting on mean reversion. These trades require careful risk management because spreads can widen further before reversing, but when properly sized they offer attractive risk-adjusted returns. Risk managers at financial institutions use sovereign spread monitoring as an input to Value-at-Risk models and stress testing frameworks. Elevated spreads indicate higher correlation among risk assets, which means diversification benefits are reduced precisely when they are needed most. This information feeds into position sizing decisions across the entire trading book. Currency traders at proprietary trading firms incorporate sovereign spreads into their EUR/USD and EUR/CHF models. The relationship between the BTP-Bund spread and EUR weakness is well-documented in academic literature and provides a systematic edge when combined with other factors such as interest rate differentials and positioning data. Central bank watchers use sovereign spreads to anticipate policy responses. The European Central Bank has demonstrated repeatedly that it will intervene when spreads reach levels that threaten financial stability, most notably through the Outright Monetary Transactions program announced in 2012 and the Transmission Protection Instrument introduced in 2022. Understanding spread dynamics helps investors anticipate these interventions and position accordingly. Interpreting the Dashboard The statistics panel provides real-time information that supports both quick assessments and deeper analysis. The composite Z-score is the primary metric, representing the weighted average of all spread Z-scores. Values above zero indicate spreads are wider than their historical average, while values below zero indicate compression. The magnitude matters: a reading of 0.5 suggests modestly elevated stress, while 2.0 or higher indicates conditions similar to historical crisis periods. The regime classification translates the Z-score into actionable categories. Stress should trigger immediate review of risk exposure and consideration of hedges. Elevated warrants increased vigilance and potentially reduced position sizes. Normal indicates no immediate concerns from sovereign markets. Calm suggests risk appetite may be elevated, which supports risk assets but also creates potential for sharp reversals if sentiment changes. The percentile ranking provides historical context by showing where the current Z-score falls within its distribution over the lookback period. A reading of 90 percent means spreads are wider than they have been 90 percent of the time over the past year, which is significant even if the absolute Z-score is not extreme. This metric helps identify when spreads are creeping higher before they reach official stress thresholds. Momentum indicates whether spreads are widening or compressing. Rising momentum during elevated spread conditions is particularly concerning because it suggests stress is accelerating. Falling momentum during stress suggests the worst may be past and mean reversion could be beginning. Individual spread readings allow traders to identify which component is driving the composite signal. If the BTP-Bund spread is elevated but Bonos-Bund remains normal, the stress may be Italy-specific rather than systemic. If all spreads are widening together, the signal reflects broader flight-to-quality that affects all risk assets. The bias indicator provides a simple summary for traders who need quick guidance. Risk-Off means spreads indicate defensive positioning is appropriate. Risk-On means spread conditions support risk-taking. Neutral means spreads provide no clear directional signal. Limitations and Risk Factors No indicator provides perfect signals, and sovereign spread analysis has specific limitations that users must understand. The European Central Bank has demonstrated its willingness to intervene in sovereign bond markets when spreads threaten financial stability. The Transmission Protection Instrument announced in 2022 specifically targets situations where spreads widen beyond levels justified by fundamentals. This creates a floor under peripheral bond prices and means that extremely elevated spreads may not persist as long as historical patterns would suggest. Political events can cause sudden spread movements that are impossible to anticipate. Elections, government formation crises, and policy announcements can move spreads by 50 basis points or more in a single session. The indicator will reflect these moves but cannot predict them. Liquidity conditions in sovereign bond markets can temporarily distort spread readings, particularly around quarter-end and year-end when banks adjust their balance sheets. These technical factors can cause spread widening or compression that does not reflect fundamental credit risk. The relationship between sovereign spreads and other asset classes is not constant over time. During some periods, spread movements lead equity moves by several days. During others, both markets move simultaneously. The indicator provides valuable information about credit conditions, but users should not expect mechanical relationships between spread signals and subsequent price moves in other markets. Conclusion The Global Sovereign Spread Monitor represents a systematic application of academic research on sovereign credit risk to practical trading decisions. The indicator monitors yield differentials between peripheral and safe-haven government bonds, normalizes these spreads using statistical methods, and classifies market conditions into regimes that correspond to different risk environments. For retail traders, the indicator provides risk management information that was previously available only to institutional investors with access to Bloomberg terminals and dedicated research teams. By checking the sovereign spread regime before executing trades, individual investors can avoid taking excessive risk during periods of elevated credit stress. For professional investors, the indicator offers a standardized framework for monitoring sovereign credit conditions that can be integrated into broader macro models and risk management systems. The real-time calculation of Z-scores, regime classifications, and component spreads provides the inputs needed for systematic trading strategies. The academic foundation is robust, built on peer-reviewed research published in top finance and economics journals over the past two decades. The practical applications have been validated through multiple market cycles including the European debt crisis of 2011-2012, the COVID-19 shock of 2020, and the rate normalization stress of 2022. Sovereign spreads will continue to provide valuable forward-looking information about systemic risk for as long as credit conditions vary across countries and investors respond rationally to changes in default probabilities. The Global Sovereign Spread Monitor makes this information accessible and actionable for traders at all levels of sophistication. References Aizenman, J., Hutchison, M. and Jinjarak, Y. (2013) What is the Risk of European Sovereign Debt Defaults? Fiscal Space, CDS Spreads and Market Pricing of Risk. Journal of International Money and Finance, 34, pp. 37-59. Codogno, L., Favero, C. and Missale, A. (2003) Yield Spreads on EMU Government Bonds. Economic Policy, 18(37), pp. 503-532. De Grauwe, P. and Ji, Y. (2013) Self-Fulfilling Crises in the Eurozone: An Empirical Test. Journal of International Money and Finance, 34, pp. 15-36. Favero, C., Pagano, M. and von Thadden, E.L. (2010) How Does Liquidity Affect Government Bond Yields? Journal of Financial and Quantitative Analysis, 45(1), pp. 107-134. Longstaff, F.A., Pan, J., Pedersen, L.H. and Singleton, K.J. (2011) How Sovereign Is Sovereign Credit Risk? American Economic Review, 101(6), pp. 2191-2212. Manganelli, S. and Wolswijk, G. (2009) What Drives Spreads in the Euro Area Government Bond Market? Economic Policy, 24(58), pp. 191-240. Arghyrou, M.G. and Kontonikas, A. (2012) The EMU Sovereign-Debt Crisis: Fundamentals, Expectations and Contagion. Journal of International Financial Markets, Institutions and Money, 22(4), pp. 658-677.
Penunjuk Pine Script®
oleh EdgeTools
Session By BullancePrime Multi-Session VisualizerThe Session BullancePrime indicator allows you to visualize the major trading sessions (Asia, London, New York) directly on your chart. It provides: ✅ Customizable session times in AM/PM or 24-hour format ✅ Enable/disable each session independently ✅ Background highlighting for each session ✅ Open line, high/low tracking, vertical line, and midline for precise session analysis ✅ Midline centered on the session range, updating in real-time ✅ Fully customizable colors, line styles, and widths Use it to identify key trading ranges, session overlaps, and potential breakout zones across global markets. Ideal for day traders, swing traders, and anyone looking to analyze session-based price action.
Penunjuk Pine Script®
oleh bullanceprime
The Blessed AnchorThe Blessed Anchor is a high-precision execution tool designed for intraday traders who specialize in the Opening Range Breakout (ORB) and ICT/SMC confluences. While the 9:30 AM market open is often filled with "noise" and stop-hunts, the 9:45 AM candle (15-minute timeframe) often acts as the "Truth Candle"—the anchor that defines the genuine institutional bias for the morning session. This script automates the identification of this candle and provides the exact equilibrium levels needed for high-probability entries. Key Features The 9:45 Anchor: Automatically highlights the 09:45–10:00 AM candle in high-visibility yellow. The Mean Threshold (50% Level): Automatically plots a white dotted equilibrium line. This is the "discount" or "premium" entry point traders look for after displacement. Dynamic Range Cloud: Visualizes the high and low of the anchor candle, creating a "support/resistance" zone that often holds for the entire session. Smart Plotting (V6): Uses style_linebr logic to ensure your charts stay clean, with no diagonal lines stretching across previous days. Instant Alerts: Built-in alerts for when price tests the range boundaries or returns to the 50% Mean Threshold. How to Trade the "Blessed Anchor" Strategy This script is best used as a confluence filter. For a "Blessed" entry, follow these four steps: The Anchor: Wait for the 9:45 AM candle to complete (Yellow highlight). The Displacement: Look for a strong, energetic move away from the high or low of the yellow zone. The FVG (Fair Value Gap): Ensure the displacement leaves behind a Fair Value Gap (imbalance). he Execution: Wait for price to return to the 50% Mean Threshold (the white dotted line). Enter when a Bullish or Bearish Engulfing Candle forms at this level.Settings & Optimization Timezone: Defaulted to America/New_York (NYSE). Visuals: Fully customizable colors for the Anchor candle and the Zone Cloud. Timeframe: Optimized for the 15-minute chart for the anchor, but functions perfectly on lower timeframes (1m, 5m) to track internal price action. DISCLAIMER :This script is for educational purposes only. Past performance does not guarantee future results. Always practice proper risk management.
Penunjuk Pine Script®
oleh Stewnomics
Discipline Sleeping TimeThe Sleeping Time indicator highlights a predefined time window on the chart that represents your sleeping hours. This will help doing backtest easily by filtering out unrealistic result of trades while we are still sleeping. During the selected period: - The chart background is softly shaded to visually mark your sleep window - The first candle of the range is labeled “Sleep” - The last candle of the range is labeled “Wake Up” You can also use it for other purpose. This makes it easy to: - Visually avoid trading during sleep hours - Identify when a trading session should be inactive - Maintain discipline and consistency across different markets and timezones Key Features: - Custom Time Range Define your sleeping hours using a start and end time. - UTC Offset Selector Adjust the time window using a UTC offset dropdown (−10 to +13), so the indicator aligns correctly with your local time. - Clear Visual Markers Background shading during sleep hours - Start label: Sleep - End label: Wake Up - Customizable Labels Change label text, size, and style to suit your chart layout. Best Use Case Use this indicator to lock in rest time, avoid emotional trades, and respect personal trading boundaries. Because good trades start with good sleep 😴
Penunjuk Pine Script®
oleh LightNCI
Intermarket Divergence (Futures vs Equity)Intermarket Divergence (Futures vs Equity) This indicator detects intermarket divergence between a traded instrument (futures, CFD, or spot) and a related equity or ETF. It highlights moments where price and its underlying market drivers disagree, often appearing before reversals or expansions. 🎯 What It Shows Bullish divergence: Price makes a lower low while the equity makes a higher low Bearish divergence: Price makes a higher high while the equity makes a lower high Based on swing pivots, not candle noise Designed for intraday context, not mechanical entries ✅ Recommended Use XAUUSD (Gold) → GDX (default) XAGUSD (Silver) → SIL USOIL / WTI → XLE (These guidelines are included directly in the indicator settings.) 🧭 How to Use Apply on 15m–30m Look for signals near key levels (PDH/PDL, Asia high/low, HTF structure) Use price action for entries Divergence is context, not a signal. ⚠️ Notes Non-repainting Signals are selective by design Best during London & New York sessions
Penunjuk Pine Script®
oleh odoyebisi
BB37BB37 WHAT IS SUPPORT AND RESISTANT ? Support and resistance are fundamental concepts in technical analysis used to identify price levels on charts that are likely to act as barriers, preventing the price from moving in a certain direction. Support: Definition: Support refers to a price level at which an asset tends to stop falling because demand is strong enough to prevent further declines. It acts as a "floor" for the price, where buyers step in to buy the asset, causing the price to rebound or stabilize. Example: If a stock is trading at $50 and repeatedly fails to drop below that level, $50 would be considered a support level. Resistance: Definition: Resistance is the opposite of support. It refers to a price level at which selling pressure is strong enough to prevent the price from rising further. It acts as a "ceiling," where sellers are more willing to sell, causing the price to reverse or consolidate. Example: If the price of an asset repeatedly fails to rise above $100, $100 would be considered a resistance level. In Practice: Support and resistance levels are used by traders to make decisions about buying and selling. If the price approaches support, traders may see it as a potential buying opportunity. If the price approaches resistance, they may consider selling or shorting the asset. If price breaks through a support or resistance level, it can signal a significant price movement. For example, a price moving above resistance may indicate an uptrend, while a price falling below support could indicate a downtrend. These levels are not always exact and may vary slightly, often being identified as areas rather than precise lines on a chart. They are key tools for understanding market psychology and price behavior.
Penunjuk Pine Script®
oleh Taufiqismail86
World sessionsThe indicator highlights trading sessions of major global exchanges (Tokyo, Hong Kong, Frankfurt, London, New York, Chicago). It highlights them with horizontal dashed lines from the start to the end of each session. At the session start, it draws a label with the exchange name above the bar, with adjustable height based on ATR. With gratitude to God the Father, the Lord Jesus Christ - the Son of God, and the Holy Spirit. // © icman — ic380.com // Open Source: исходный код открыт (MPL-2.0)
Penunjuk Pine Script®
oleh land-07
CBDR Standard Deviation V2CBDR Standard Deviation measures how far price statistically deviates from the central bank dealer range before institutional rebalancing occurs. CBDR defines fair value, while standard deviation highlights liquidity expansion zones. Moves into ±2 SD or beyond often signal stop-loss sweeps and inventory imbalance, where institutions favor mean reversion, not breakouts. CBDR SD Core Checklist □ Daily IPDA bias defined □ Clean CBDR formed (Asia / early London) □ CBDR high & low marked □ ±1 and ±2 SD levels plotted □ Liquidity sweep beyond CBDR □ No high-impact news in session CBDR SD Reversal Trade Checklist □ Price taps ±2 SD or ±2.5 SD □ Clear rejection (wick / displacement) □ Entry against the expansion, not on breakout □ Stop placed beyond liquidity extreme □ TP1: CBDR boundary □ TP2: CBDR midpoint (mean) □ TP3 (optional): Opposite CBDR extreme □ Invalidate if strong trend displacement continues This reversal model captures institutional fade trades after liquidity is harvested, keeping execution statistical, disciplined, and prop-firm resilient.
Penunjuk Pine Script®
oleh jasiremail
9:45 AM Candle HighlighterThis script is a powerful visual aid for traders who use the 9:45 AM "Truth Candle" to dictate their morning bias. By automatically highlighting this specific 15-minute candle, it removes the guesswork and allows you to focus purely on execution when your confluences align.Here are a few ways to describe your script, depending on where you are sharing it (e.g., TradingView, Discord, or Social Media).Option 1: The Professional "Script Description" (Best for TradingView)Title: 9:45 AM Opening Range Anchor & Zone HighlighterOverview:This script identifies and highlights the 9:45 AM 15-minute candle (the close of the opening range) in a distinct Yellow Zone. In institutional trading, this candle often marks the end of opening manipulation and the beginning of the day's "real" trend.Key Features:Automatic Highlighting: Instantly colors the 9:45 AM candle yellow for easy identification.High/Low Plotting: Clearly marks the boundaries of the 15-minute range.Equilibrium Line: Automatically calculates and displays the 50% Level (Mean Threshold) of the candle for premium/discount entries.How to Trade This Script:The Breakout (Displacement): Watch for a strong close above or below the yellow zone, creating a Fair Value Gap (FVG).The Retest: Wait for price to return to the 50% level of the yellow candle or the newly formed FVG.The Trigger: Enter your trade once an Engulfing Candle prints in the direction of the displacement.Option 2: The "Strategy Guide" Style (Best for a Community or PDF)The "Yellow Candle" Strategy: Trading the Institutional FootprintThe 9:45 AM candle is the first candle of the day that institutions use to "set the trap" or "reveal the trend." This script paints that candle yellow to help you stay disciplined.Entry Model A: The 50% EquilibriumMany high-probability setups involve the market returning to the "midpoint" of the 9:45 candle before continuing the move.Action: If price breaks the high of the yellow candle, set a Limit Order at the 50% mark of that candle.Why: This offers a tighter stop-loss and a better Risk-to-Reward ratio.Entry Model B: The Displacement & FVG ConfluenceStep 1: Look for a "Displacement" (a large, energetic candle) breaking out of the yellow zone.Step 2: Ensure an FVG is left behind.Step 3: Enter when price taps the FVG or forms an Engulfing Candle against the yellow zone high/low.Option 3: The "Elevator Pitch" (Short & Punchy for Social Media)"I simplified my morning routine by creating a script that highlights the 9:45 AM 'Truth Candle' in yellow. No more squinting at the charts to find the opening range high/low. 🎯It plots the zone and the 50% equilibrium level automatically. I just wait for the displacement, look for the Fair Value Gap, and let the Engulfing candle be my trigger. Simple, visual, and effective. 📈✨"Technical Summary for your UsersFeaturePurposeYellow HighlightIdentifies the 9:45 AM (15-min) Institutional Anchor.High/Low LevelsDefines the "Support & Resistance" for the AM session.50% LevelProvides a "Discount" entry point for retracement traders.Confluence FilterDesigned to be used with FVG and Engulfing patterns for 90%+ clarity
Penunjuk Pine Script®
oleh Stewnomics
Trump Trade Master XAUUSD - v2Trump Trade Master XAUUSD - Geopolitical Gold Indicator (2026 Edition) Overview: This indicator is a specialized tool for XAUUSD (Gold) traders, engineered to navigate the unique market dynamics of the 2026 "Trump Trade" era. It utilizes Intermarket Analysis to correlate gold prices with U.S. economic policies, tariff news, and geopolitical events (such as energy-related operations in Venezuela and defense sector shifts). Key Features: Trump Sentiment Dashboard: A real-time monitor located at the top-right, tracking market aggression via the Energy (XLE) and Defense (ITA) sectors. Gold-DXY Correlation Monitor: Dynamically tracks the relationship between Gold and the US Dollar. During geopolitical crises, a positive correlation often signals a powerful "Safe Haven" move. Clean Signal Engine (V3): Designed for clarity. Signal labels (BUY/SELL) appear only on the first bar of a trend shift to prevent chart clutter while maintaining background color zones for trend bias. Macro Pressure Analysis: Integrates US10Y Yield data to identify high-probability sell zones when dollar strength and rising interest rates create headwinds for gold. How to Read the Signals: 🟢 BUY WAR/INF: Triggered when geopolitical tensions rise and gold shows strength, often decoupling from its usual inverse relationship with the dollar. 🔴 SELL STRONG DXY: Triggered when "America First" economic policies lead to a surging Dollar Index (DXY) and rising yields, pressuring gold prices downward. 📊 Dashboard: Use the "Trump Sentiment" (Aggressive/Stable) and "Gold-DXY Corr" values to confirm the macro-trend before entering a trade. Recommended Settings: Asset: XAUUSD / GOLD Timeframes: 1H (Hourly) and 4H (4-Hour) for the most reliable macro-trend signals. Usage: Best used alongside price action and global news events. 📱 Join our community for strategy updates: Add Line: @191ricya Disclaimer: Trading involves significant risk. This indicator is a tool for statistical and macro-logical analysis and does not guarantee profits. Always use proper risk management.
Penunjuk Pine Script®
oleh AIsuperbullish
Smart Divergence Scanner═══════════════════════════════════════════════════════════════════════════════ DivScan Pro - User Guide ═══════════════════════════════════════════════════════════════════════════════ OVERVIEW ──────────────────────────────────────────────────────────────────────────────── DivScan Pro is a multi-indicator divergence scanner that detects potential reversal points by analyzing 10+ technical indicators simultaneously. Optimized for 5m and 15m timeframes. SIGNAL ICONS ──────────────────────────────────────────────────────────────────────────────── ▲ Green Triangle (Below Bar) = BUY Signal Strong bullish divergence confirmed by volume + RSI oversold ▼ Red Triangle (Above Bar) = SELL Signal Strong bearish divergence confirmed by volume + RSI overbought ▲ Faded Green Triangle = Weak BUY Bullish divergence detected but filters not fully met ▼ Faded Red Triangle = Weak SELL Bearish divergence detected but filters not fully met H Red "H" Label = Pivot High Point L Green "L" Label = Pivot Low Point DIVERGENCE LABELS ──────────────────────────────────────────────────────────────────────────────── ┌─────────┐ │ MC │ Aqua Box (Bottom) = Bullish Divergence │ RS │ Shows which indicators detected divergence │ 3 │ Number = total indicator count └─────────┘ ┌─────────┐ │ MC │ Purple Box (Top) = Bearish Divergence │ VW │ Shows which indicators detected divergence │ MF │ Number = total indicator count │ 3 │ └─────────┘ INDICATOR ABBREVIATIONS ──────────────────────────────────────────────────────────────────────────────── MC = MACD Line MH = MACD Histogram RS = RSI (Relative Strength Index) ST = Stochastic CC = CCI (Commodity Channel Index) MO = Momentum OB = OBV (On Balance Volume) VW = VWMACD (Volume Weighted MACD) CF = CMF (Chaikin Money Flow) MF = MFI (Money Flow Index) EX = External Indicator DIVERGENCE LINES ──────────────────────────────────────────────────────────────────────────────── ─────── Solid Aqua Line = Bullish Regular Divergence Price: Lower Low | Indicator: Higher Low Suggests: Potential upward reversal ─────── Solid Purple Line = Bearish Regular Divergence Price: Higher High | Indicator: Lower High Suggests: Potential downward reversal - - - - Dashed Lime Line = Bullish Hidden Divergence Price: Higher Low | Indicator: Lower Low Suggests: Trend continuation (uptrend) - - - - Dashed Red Line = Bearish Hidden Divergence Price: Lower High | Indicator: Higher High Suggests: Trend continuation (downtrend) HOW TO USE ──────────────────────────────────────────────────────────────────────────────── 1. WAIT FOR STRONG SIGNALS Look for solid ▲ or ▼ triangles (not faded) These have volume + RSI confirmation 2. CHECK CONFLUENCE More indicators = stronger signal Label shows "3" or higher = high confidence 3. CONFIRM WITH PRICE ACTION Wait for candle confirmation after signal Look for support/resistance levels 4. RECOMMENDED SETTINGS FOR SCALPING (5m/15m) • Pivot Period: 3 • Min Confirmations: 2 • Max Lookback: 50 • Wait Confirmation: ON SETTINGS QUICK REFERENCE ──────────────────────────────────────────────────────────────────────────────── MAIN Pivot Period How many bars to identify pivot (lower = more signals) Pivot Source Close or High/Low for pivot detection Divergence Type Regular, Hidden, or Both Max Pivots Maximum pivot points to scan Max Lookback Maximum bars to look back Min Confirmations Minimum indicators required (higher = fewer but stronger) Wait Confirmation Wait for bar close before signal DISPLAY Labels Full (MC), Abbrev (M), or None Show Count Display number of confirming indicators Show Lines Draw divergence lines on chart Show Pivots Mark H/L pivot points Last Only Show only most recent divergence Show MA 50/200 Display moving averages INDICATORS Toggle each indicator ON/OFF for divergence scanning ALERTS ──────────────────────────────────────────────────────────────────────────────── Available alerts in TradingView: • Bullish Regular Divergence • Bearish Regular Divergence • Bullish Hidden Divergence • Bearish Hidden Divergence • Any Bullish Divergence • Any Bearish Divergence TIPS ──────────────────────────────────────────────────────────────────────────────── ✓ Higher "Min Confirmations" = fewer signals but higher accuracy ✓ Use with support/resistance levels for best entries ✓ Strong signals (solid triangles) have better win rate ✓ Multiple indicator confluence (3+) = highest probability trades ✓ Always use stop loss - divergence can fail ═══════════════════════════════════════════════════════════════════════════════ DivScan Pro v1.0 ═══════════════════════════════════════════════════════════════════════════════
Penunjuk Pine Script®
oleh A1TradingHub
9:45 AM Candle HighlighterThis script is a powerful visual aid for traders who use the 9:45 AM "Truth Candle" to dictate their morning bias. By automatically highlighting this specific 15-minute candle, it removes the guesswork and allows you to focus purely on execution when your confluences align.Here are a few ways to describe your script, depending on where you are sharing it (e.g., TradingView, Discord, or Social Media).Option 1: The Professional "Script Description" (Best for TradingView)Title: 9:45 AM Opening Range Anchor & Zone HighlighterOverview:This script identifies and highlights the 9:45 AM 15-minute candle (the close of the opening range) in a distinct Yellow Zone. In institutional trading, this candle often marks the end of opening manipulation and the beginning of the day's "real" trend.Key Features:Automatic Highlighting: Instantly colors the 9:45 AM candle yellow for easy identification.High/Low Plotting: Clearly marks the boundaries of the 15-minute range.Equilibrium Line: Automatically calculates and displays the 50% Level (Mean Threshold) of the candle for premium/discount entries.How to Trade This Script:The Breakout (Displacement): Watch for a strong close above or below the yellow zone, creating a Fair Value Gap (FVG).The Retest: Wait for price to return to the 50% level of the yellow candle or the newly formed FVG.The Trigger: Enter your trade once an Engulfing Candle prints in the direction of the displacement.Option 2: The "Strategy Guide" Style (Best for a Community or PDF)The "Yellow Candle" Strategy: Trading the Institutional FootprintThe 9:45 AM candle is the first candle of the day that institutions use to "set the trap" or "reveal the trend." This script paints that candle yellow to help you stay disciplined.Entry Model A: The 50% EquilibriumMany high-probability setups involve the market returning to the "midpoint" of the 9:45 candle before continuing the move.Action: If price breaks the high of the yellow candle, set a Limit Order at the 50% mark of that candle.Why: This offers a tighter stop-loss and a better Risk-to-Reward ratio.Entry Model B: The Displacement & FVG ConfluenceStep 1: Look for a "Displacement" (a large, energetic candle) breaking out of the yellow zone.Step 2: Ensure an FVG is left behind.Step 3: Enter when price taps the FVG or forms an Engulfing Candle against the yellow zone high/low.Option 3: The "Elevator Pitch" (Short & Punchy for Social Media)"I simplified my morning routine by creating a script that highlights the 9:45 AM 'Truth Candle' in yellow. No more squinting at the charts to find the opening range high/low. 🎯It plots the zone and the 50% equilibrium level automatically. I just wait for the displacement, look for the Fair Value Gap, and let the Engulfing candle be my trigger. Simple, visual, and effective. 📈✨"Technical Summary for your UsersFeaturePurposeYellow HighlightIdentifies the 9:45 AM (15-min) Institutional Anchor.High/Low LevelsDefines the "Support & Resistance" for the AM session.50% LevelProvides a "Discount" entry point for retracement traders.Confluence FilterDesigned to be used with FVG and Engulfing patterns for 90%+ clarity
Penunjuk Pine Script®
oleh Stewnomics
GEX Pro - Why TradingView Can't Calculate Real GEX (Educational)(THIS IS CRITICAL - READ CAREFULLY): ⚠️ EDUCATIONAL INDICATOR - This does NOT calculate real GEX ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 📌 PURPOSE: Show WHY TradingView Cannot Do Real GEX ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ This indicator displays EXAMPLE levels to demonstrate what real GEX requires. The lines you see are NOT based on actual options data. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ❌ Why TradingView GEX Indicators Are limited ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ TradingView Pine Script has ZERO access to: 1️⃣ Options Chain Data • No open interest per strike • No contract-level data • No expiration chain access 2️⃣ Greeks Calculation • Cannot calculate gamma from Black-Scholes • No delta, vega, or theta per strike • No implied volatility feeds 3️⃣ Real-Time Options Feeds • No CBOE data integration • No Schwab API access • No broker data feeds 📊 What "GEX" indicators on TradingView actually do: → Use volume as a proxy (not open interest) → Guess where strikes might be → Show lines with no real math ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ✅ What REAL GEX Calculation Requires ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Real GEX formula (industry standard): GEX = Gamma × Open Interest × Spot² × 0.01 Where: - Gamma = Black-Scholes calculation per strike - Open Interest = Contracts per strike (from CBOE) - Spot = Current underlying price This requires LIVE OPTIONS CHAIN DATA that TradingView does not provide to Pine Script unless with partnership developers. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🔥 Solution: Platform Built for Options Data ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ I built a platform that connects directly to options data feeds: 🌐 gexpro.asiaquant.com Features TradingView Cannot Provide: ✅ Real HVL (High Volatility Level) from live gamma flip calculations ✅ Actual Call/Put Walls from CBOE open interest ✅ liquid symbols (SPY, SPX, etc), still building ✅ Daily updates (not just market open) ✅ 0DTE support with real gamma levels ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 💡 Free Tier Available ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ No credit card required: - SPY real-time GEX levels - 50 API calls per day - Live HVL updates - Call/Put Wall visualization 👉 Start here: gexpro.asiaquant.com ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 🎓 Why This Matters ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ GEX levels influence market behavior: - HVL = Gamma flip point (volatility regime change) - Call Walls = Resistance where market makers hedge - Put Supports = Support where puts get monetized Using unverified GEX is like trading with a broken compass. If you trade 0DTE, SPX/SPY, or need real gamma exposure insights, you need actual options chain data. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ⚠️ DISCLAIMER: This TradingView indicator is purely educational and does not provide real GEX calculations. For actual GEX data, visit gexpro.asiaquant.com Not financial advice. For educational purposes only.
Penunjuk Pine Script®
oleh GexPro
1