Unusual Volume//@version=5
indicator("Unusual Volume", overlay=false)
// --- Inputs ---
len = input.int(20, "Average Volume Length", minval=1)
mult = input.float(2.0, "Unusual Volume Multiplier", step=0.1)
// --- Calculations ---
avgVol = ta.sma(volume, len)
ratio = volume / avgVol
isBigVol = ratio > mult
// --- Plots ---
plot(volume, "Volume", style=plot.style_columns,
color = isBigVol ? color.new(color.green, 0) : color.new(color.gray, 60))
plot(avgVol, "Average Volume", color=color.orange)
// Mark unusual volume bars
plotshape(isBigVol, title="Unusual Volume Marker",
location=location.bottom, style=shape.triangleup,
color=color.green, size=size.tiny, text="UV")
// Optional: show ratio in Data Window
var label ratioLabel = na
Educational
Buy vs Sell Volume//@version=5
indicator("Buy vs Sell Volume", overlay=false)
buyVol = close > open ? volume : 0
sellVol = close < open ? volume : 0
plot(buyVol, "Buy Volume", color=color.green)
plot(sellVol, "Sell Volume", color=color.red)
Minervini VCP Pattern -Indian ContextThis script implements Mark Minervini's Trend Template and VCP (Volatility Contraction Pattern) pattern, specifically adapted for Indian stock markets (NSE). It helps identify stocks that are in strong uptrends and ready to break out.
Core Concepts Explained
1. What is the Minervini Trend Template?
Mark Minervini's method identifies stocks in Stage 2 uptrends - the sweet spot where institutional money is accumulating and stocks show the strongest momentum. Think of it as finding stocks that are "leaders" rather than "laggards."
2. What is VCP (Volatility Contraction Pattern)?
A VCP occurs when:
Stock price consolidates (moves sideways) after an uptrend
Price swings get tighter and tighter (like a coiled spring)
Volume dries up (fewer people trading)
Then it breaks out with force.
You can customize the strategy settings without editing code.
Key Settings:
Minimum Price (₹50): Filters out penny stocks that are too volatile
Min Distance from 52W Low (30%): Stock should be at least 30% above its yearly low
Max Distance from 52W High (25%): Stock should be within 25% of its yearly high (showing strength)
Moving Average Periods: 10, 50, 150, 200 days (industry standard)
Minimum Volume (100,000 shares): Ensures the stock is liquid enough to trade
Indian Market Adaptation: The default values (₹50 minimum, volume thresholds) are adjusted for NSE stocks, which behave differently than US markets.
The script pulls weekly chart data even when you're viewing daily charts.
Why it matters: Weekly trends are more reliable than daily noise. Professional traders use weekly charts to confirm the bigger picture.
What are Moving Averages (MAs)?
Simple averages of closing prices over X days
They smooth out price action to show trends
Think of them as the "average cost" of buyers over different time periods
The 4 Key MAs:
10 MA (Fast): Very short-term trend
50 MA: Short to medium-term trend
150 MA: Medium to long-term trend
200 MA: Long-term trend (the "grandfather" of all MAs)
Why Weekly MAs?
The script also calculates 10 and 50 MAs on weekly data for additional confirmation of the bigger trend.
The script Finds the highest and lowest prices over the past 52 weeks (1 year).
Why it matters:
Stocks near 52-week highs are showing strength (institutions buying)
Stocks far from 52-week lows have "room to run" upward
This is a psychological level that influences trader behaviour.
What is Volume here ?
The number of shares traded each day
High volume = many traders interested (conviction)
Low volume = lack of interest (weakness or consolidation)
Volume in VCP:
During consolidation (sideways movement), volume should dry up - this shows sellers are exhausted and buyers are holding. When volume spikes on a breakout, it confirms the move.
NSE Context: Indian stocks often have different volume patterns than US stocks, so the 50-day average is used as a baseline.
Relative Strength vs Nifty:
Example:
If your stock is up 20% and Nifty is up 10%, your stock has strong RS
If your stock is up 5% and Nifty is up 15%, your stock has weak RS (avoid it!)
Why it matters: The best performing stocks almost always have strong relative strength before major moves.
The 13 Minervini Conditions:-
Condition 1: Price > 50/150/200 MA
Meaning: Current price must be above ALL three major moving averages.
Why: This confirms the stock is in a clear uptrend. If price is below these MAs, the stock is weak or in a downtrend.
Condition 2: MA 50 > 150 > 200
Meaning: The moving averages themselves must be in proper order.
Analogy: Think of this like layers in a cake - short-term on top, long-term at bottom. If they're tangled, the trend is unclear.
Condition 3: 200 MA Rising (1 Month)
Meaning: The 200 MA today must be higher than it was 20 days ago.
Why: This confirms the long-term trend is UP, not flat or down. The means "20 bars ago."
Condition 4: 50 MA Rising
Meaning: The 50 MA today must be higher than 5 days ago.
Why: Confirms short-term momentum is accelerating upward.
Condition 5: Within 25% of 52-Week High
Meaning: Current price should be within 25% of its 1-year high.
Example:
52-week high = ₹1000
Current price must be above ₹750 (within 25%)
Why: Strong stocks stay near their highs. Weak stocks fall far from highs.
Condition 6: 30%+ Above 52-Week Low (OPTIONAL)
Meaning: Stock should be at least 30% above its yearly low.
Note: The script marks this as "SECONDARY - Optional" because the other conditions are more important. However, it's still a good confirmation.
Condition 7: Price > 10 MA
Meaning: Very short-term strength - price above the 10-day moving average.
Why: Ensures the stock hasn't just rolled over in the immediate term.
Condition 8: Price >= ₹50
Meaning: Filters out stocks below ₹50.
Why: In Indian markets, stocks below ₹50 tend to be penny stocks with poor liquidity and higher manipulation risk.
Condition 9: Weekly Uptrend
Meaning: On the weekly chart, price must be above both weekly MAs, and they must be properly aligned.
Why: Confirms the bigger picture trend, not just daily fluctuations.
Condition 10: 150 MA Rising
Meaning: The 150 MA is trending upward over the past 10 days.
Why: Another confirmation of medium-term trend health.
Condition 11: Sufficient Volume
Meaning: Average volume must exceed 100,000 shares (or your custom setting).
Why: Ensures you can actually buy/sell the stock without moving the price too much (liquidity).
Condition 12: RS vs Nifty Strong
Meaning: The stock's relative strength vs Nifty must be improving.
Why: You want stocks that are outperforming the market, not underperforming.
Condition 13: Nifty in Uptrend
Meaning: The Nifty 50 index itself must be above its 50 MA.
Why: "A rising tide lifts all boats." It's easier to make money in individual stocks when the overall market is bullish.
VCP Requirements:
Volatility Contracting: Price swings getting tighter (coiling spring)
Volume Drying Up: Fewer shares trading + trending lower
The Setup: When volatility contracts and volume dries up WHILE all 13 trend conditions are met, you have a VCP setup ready to explode.
What You See on Chart:
Colored Lines: 10 MA (green), 50 MA (blue), 150 MA (orange), 200 MA (red)
Blue Background: Trend template conditions met (watch zone)
Green Background: Full VCP setup detected (buy zone)
↟ Symbol Below Price: New VCP buy signal just triggered
Information Table:
What it does: Creates a checklist table on your chart showing the status of all conditions.
Table Structure:
Column 1: Condition name
Column 2: Status (✓ green = met, ✗ red = not met)
Final Row: Shows "BUY" (green) or "WAIT" (red) based on full VCP setup status.
Dos:
Example:
Account size: ₹5,00,000
Risk per trade: 1% = ₹5,000
Entry: ₹1000
Stop loss: ₹920 (8% below)
Distance to stop: ₹80
Shares to buy: ₹5,000 / ₹80 = 62 shares
Exit Strategy:
Sell 1/3 at +20% profit
Sell another 1/3 at +40% profit
Let the final 1/3 run with a trailing stop
Always exit if price closes below 10 MA on heavy volume
What This Script Does NOT Do:
Guarantee profits - No strategy works 100% of the time
Account for news events - Earnings, regulatory changes, etc.
Consider fundamentals - Company financials, debt, management quality
Adapt to market crashes - Works best in bull markets
Best Market Conditions:
✅ Nifty in uptrend (above 50 MA)
✅ Market breadth positive (more stocks advancing)
✅ Sector rotation happening
❌ Avoid in bear markets or high volatility periods
References:
Trade Like a Stock Market Wizard by Mark Minervini
Think & Trade Like a Champion by Mark Minervini
Chart attached: AU Small Finance Bank as on EoD dated 28/11/25
This script is a powerful tool for educational purpose only, remember: It's a tool, not a crystal ball. Use it to find high-probability setups, then apply proper risk management and patience. Good luck!
Prev/Current Day Open & Close (RamtinFX)Draws three transparent vertical lines marking the previous day’s close, the current day’s open, and the current day’s close.
Average Volume LabelAverage Volume Label Indicator
This TradingView Pine Script creates a customizable label that displays the average trading volume over a specified period directly on your price chart.
Core Functionality:
Calculates the simple moving average (SMA) of volume over a user-defined number of days (default: 20 days)
Displays this average in a positioned label at the top of the chart
The label shows text like "20-Day Avg Volume: 1.2M" with automatic volume formatting
Key Customization Options:
Volume Calculation:
Adjustable lookback period (1-200 days) for the volume average
Label Appearance:
Text color, background color, and transparency controls
Five size options (Tiny to Huge)
Configurable horizontal position (how many bars back from the current bar to place the label)
Technical Implementation:
Updates only on the most recent bar to optimize performance
Positions the label at the highest price point within the visible range for consistent top-of-chart placement
Includes safety checks to prevent runtime errors with lookback periods
Also plots the average volume data (visible in the data window for reference)
This indicator is useful for traders who want to quickly assess whether current volume is above or below the recent average without cluttering their chart with additional panes.
WaveTrend Oscillator [WT] — LazyBear Modified by PickMyTradeThis strategy is built upon the well-known “WaveTrend Oscillator ” indicator originally published by LazyBear. The WaveTrend is widely used across markets for spotting momentum reversals, especially when the oscillator crosses the signal line within overbought and oversold zones.
The PickMyTrade team has converted this classic indicator into a fully automated, risk-managed trading strategy designed to maintain consistent performance with controlled drawdown. It includes additional trend and momentum filters, along with a complete capital protection framework aimed at meeting the strict requirements of prop firm evaluations.
This version focuses heavily on profit factor stability, drawdown reduction, and risk management, making it suitable for traders who must operate within strict rules.
What Makes This Version Different?
LazyBear’s original WaveTrend indicator provides excellent reversal detection, but this strategy expands it significantly by adding:
1. Risk-Management System Designed for Prop Firm Rules
Maximum equity drawdown limit
Daily loss limit
Automatic “stop trading” mode when limits are reached
Optional position size reduction as drawdown increases
These protections help keep the account within typical challenge requirements such as 5–10% max drawdown.
2. ATR-Based Stop Loss and Risk-to-Reward Targeting
Adaptive volatility-based stop losses
Configurable R:R take-profit targets
Position sizing based on percent of equity or fixed contracts
Ensures consistent risk exposure across all market types.
3. Improved WaveTrend Logic
While the original WT uses simple crossovers, this strategy adds several filters:
Histogram momentum direction (WT1 – WT2)
RSI momentum confirmation
ADX trend-strength filter
Optional overbought/oversold only mode (classic WT behavior)
These help reduce false reversals and improve the signal quality in choppy environments.
4. Multi-Market & Multi-Timeframe Compatibility
The strategy performs reliably on:
Stocks
Crypto
Forex
Indices
Futures
It works on both short-term charts (15m) and higher timeframes (1H, 4H).
Higher timeframes tend to show lower drawdown and higher profit factors.
5. No Repainting
All logic is based strictly on closed candles.
The strategy does not repaint past signals.
How It Works
WaveTrend Core Logic
WT1 = EMA-smoothed channel deviation
WT2 = smoothed signal of WT1
Main signals come from crossovers of WT1 and WT2
Optimal conditions occur below oversold or above overbought zones
Entry Conditions
Long Entry
WT1 crosses above WT2
Histogram momentum positive
RSI supports upward momentum
ADX confirms trend strength (optional)
Optional: WT1 below oversold threshold
Short Entry
WT1 crosses below WT2
Histogram momentum negative
RSI supports downward momentum
ADX confirms trend strength (optional)
Optional: WT1 above overbought threshold
Exit Conditions
Opposite WaveTrend signal
ATR stop loss hit
Take profit target hit
Optional: trend strength on ADX weakens
Optional: momentum reversal detected
Risk-Management System
Developed specifically with prop-firm challenge rules in mind.
Equity Protection
Max equity drawdown limit (e.g., 10–15%)
Daily loss limit (e.g., 3–5%)
Full suspension of trading once limits are hit
Sizing Controls
Position size shrinks automatically as drawdown increases
Minimum size multiplier to maintain controlled exposure
Prevents overleveraging during account recovery cycles
Stop Loss & Take Profit
ATR-based dynamic stop loss
Configurable percentage stop loss
Configurable take profit with desired R:R ratio
Credits
Original Indicator: LazyBear
Original Script: “WaveTrend Oscillator ”
All indicator logic belongs to the original creator.
Strategy Conversion & Risk-Management Enhancements: PickMyTrade Team
About PickMyTrade
PickMyTrade specializes in converting TradingView strategies into fully automated trading systems with live execution across multiple brokers.
Supported connections include:
Rithmic
TradeStation
Interactive Brokers
TradeLocker
ProjectX
Tradovate (futures)
For automation and execution services:
pickmytrade.io
pickmytrade.trade
Disclaimer
This strategy is for educational and informational purposes only.
It does not guarantee profits and is not financial advice.
Trading involves significant risk.
Always test in simulation before trading live.
Past results do not guarantee future performance.
Slippage, commissions, and execution delay will impact results.
stock-vs-industry using NQUSB benchmark idexesOriginal idea from Stock versus Industry by Tr33man .
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
═══ PRIMARY IMPROVEMENT: NQUSB Hierarchical Index Benchmarks ═══
The KEY improvement: Multi-Level Industry Granularity with Drill-Down/Drill-Up Navigation
From: Simple ETF Comparison (1 Level) Stock → Industry ETF (e.g., "SOXX" for all semiconductors)
To: NQUSB Hierarchical Comparison (4 Levels)
Level 4 (Primary): NQUSB10102010 → Semiconductors (most specific)
Level 3 (Secondary): NQUSB101020 → Technology Hardware and Equipment
Level 2 (Tertiary): NQUSB101010 → Software and Computer Services
Level 1 (Quaternary): NQUSB10 → Technology (broadest sector)
Users can now drill up and down the industry hierarchy to see how their stock performs against different levels of industry classification!
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
═══ WHY THIS MATTERS ═══
Original Limitations:
Single comparison level - ETF only
No drill-down capability - Can't zoom in to more specific industries
No drill-up capability - Can't zoom out to broader sectors
ETF limitations - Not all industries have dedicated ETFs
Arbitrary mappings - Manual ETF selection may not represent true industry
Improved Capabilities:
4-level hierarchical navigation - Drill-down and drill-up through industry classifications
361 NQUSB official indices - NASDAQ US Benchmark Index structure
Official NASDAQ classification - Industry-standard taxonomy
Large Mid Cap (LM) option - Focus on larger companies when needed
Enhanced UI - Clear level indicators and full index descriptions
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
═══ EXAMPLE: ANALYZING NVDA (Semiconductors) ═══
Level 4 - Primary (Most Specific):
NQUSB10102010 - Semiconductors
→ NVDA vs. AMD, AVGO, QCOM, TXN, etc. (direct competitors)
Level 3 - Secondary (Broader):
NQUSB101020 - Tech Hardware & Equipment
→ NVDA vs. AAPL, CSCO + semiconductors
Level 2 - Tertiary (Even Broader):
NQUSB101010 - Software and Computer Services
→ NVDA vs. all tech hardware
Level 1 - Quaternary (Broadest):
NQUSB10 - Technology Sector
→ NVDA vs. entire technology sector
You can now zoom in to see direct competitors or zoom out to understand macro sector trends - all in one indicator!
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
═══ COMPARISON SUMMARY ═══
Original Version:
Comparison System: Industry ETFs
Industry Levels: 1 (flat ETF mapping)
Total Classifications: ~140 industries
Hierarchy Navigation: ❌ No
Data Source: Manual ETF curation
Improved Version:
Comparison System: NQUSB Official Indices
Industry Levels: 4 (hierarchical drill-down/up)
Total Classifications: 361 NQUSB indices
Hierarchy Navigation: ✅ 4-level drill navigation
Data Source: NASDAQ official taxonomy
Large/Mid Cap Option: ✅ LM variant toggle
Level Indicator: ✅ to labels
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
═══ ADDITIONAL FEATURES ═══
Dual Comparison System - Toggle between ETF mode (original) and Index Benchmark mode (NQUSB hierarchy)
Better Fallback Logic - Manual Override > NQUSB Index > ETF > SPY default
Enhanced Display - 4-row information table with full NQUSB index description
Backward Compatible - All original ETF mappings still work, existing charts won't break
Large Mid Cap Toggle - Optional "LM" suffix for focusing on larger companies only
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
For complete documentation, data files, technical details, and the full NQUSB hierarchy structure, visit the GitHub repository.
The result: More accurate, more flexible, and more comprehensive industry strength analysis - enabling traders to understand exactly where their stock's performance comes from by drilling through multiple levels of industry classification.
Task 5- Bar relations High and LowIdentifies if the H/L/C of a bar is trending or not , have to fix the spacing of the icons so we can see all of them together rather than bunching on top of each other.
Global Liquidity – Impulse (ROC & Z-score) [GMI-style]What it is:
Liquidity is a faucet. When central banks add money, the faucet opens (risk-on). When they pull money out, it closes (risk-off). This indicator builds a global net-liquidity proxy and shows its impulse :
- ROC (green/red histogram): % change vs N weeks ago.
- Z-score (cyan line): how unusually strong the latest weekly move is.
Why it matters:
Liquidity impulse often leads risk assets (equities/crypto) by weeks to a few months.
- Green bars > 0 + positive Z → friendlier risk-on backdrop.
- Red bars < 0 + negative Z → tightening conditions; caution.
Data used (TV Economics / FRED):
USA (FRED, millions USD):
- FRED:WALCL (Fed assets)
- FRED:RRPONTSYD (Reverse Repo – subtract)
- FRED:WTREGEN (Treasury General Account – subtract)
Other CBs (Economics, units vary):
- ECONOMICS:EUCBBS (ECB)
- ECONOMICS:JPCBBS (BoJ)
- ECONOMICS:CNCBBS (PBoC)
Optional:
- ECONOMICS:GBCBBS (BoE, UK)
- ECONOMICS:CACBBS (BoC, Canada)
- ECONOMICS:CHCBBS (SNB, Switzerland)
- ECONOMICS:AUCBBS (RBA, Australia)
Proxy (scaled to billions):
(Fed − RRP − TGA) + ECB + BoJ + PBoC +
How to read:
- Green bars above 0 = faucet opening → money in → risk-on.
- Red bars below 0 = faucet closing → money out → risk-off.
- Taller bar = stronger push.
- Cyan Z > +1 = unusually strong positive impulse; Z < −1 = unusually strong negative impulse.
- Background : green when ROC>0 & Z>0 , red when ROC<0 & Z<0 .
Quick reading guide (TL;DR):
- Early risk-on: ROC crosses > 0 and Z > 0 (ideally Z ≥ +1 ).
- Early risk-off: ROC crosses < 0 and Z < 0 (ideally Z ≤ −1 ).
- Use weekly timeframe; price often reacts with a 0–12 week lag.
- Combine with PMIs/New Orders, real yields (down), and credit spreads (narrowing).
Notes:
Symbols may differ by provider; leave optional banks OFF if missing. Currencies/units differ across CBs; this is a pragmatic proxy, not a perfect macro model. Educational use only; not financial advice.
Nifty Participants - Top 10 📌 Nifty Participants – Top 10 (Indicator Description)
This indicator displays the top 10 weighted stocks from the NIFTY index and shows how each stock is contributing to the index movement in real time.
For each participant, the script calculates price change, percentage change, RSI, VWAP position, volume spike, previous day levels, and their estimated participation based on weightage.
A dynamic table is plotted on the chart with color-coded cells for bullish, bearish, and neutral conditions. Users can customize which columns to display (LTP, Change, Change %, Share, RSI, VWAP, Volume Spike, Previous Day High/Low) and select the timeframe for calculations. The index itself appears as the first row for quick comparison.
Volume spikes are highlighted when current volume exceeds a configurable multiple of the average volume. RSI and VWAP columns also use adaptive coloring to quickly show strength or weakness.
All weightages are user-editable, and the table automatically limits output to the selected number of rows. This makes it an ideal real-time market breadth and contribution tracker for intraday and positional traders.
Mancini Levels Fixed Errors 11.26.25Fixed this amazing indicator for followers of Mancini. Thank you, @bitjanitor
Micro Pullback Entry SystemMicro Pullback Entry System - Quick Reference
The Pattern
▲ ENTRY (first green to break high)
│
┌──┴───┐
│ 1-3 │ ← PULLBACK (red candles)
│ red │ Stop = Low of this zone
└──────┘
│
┌──┴───┐
│ 3+ │ ← THE MOVE (green candles)
│green │ Strong momentum
└──────┘
Pattern Checklist
Requirement: Why It Matters
3+ green candlesConfirms momentum
1-3 red pullback Brief = momentum intact< 50% retracementShallow = buyers in controlVolume on entryConfirms breakout Above EMA Trend support
Status Flow
Scanning... → 📈 TRENDING → 👀 WATCHING → ⏳ FORMING → 🎯 ENTRY!
StatusMeaningActionScanningLooking for setupWait📈 TRENDINGGreen streak buildingMonitor👀 WATCHINGPullback startedPrepare⏳ FORMINGValid pullback readyGet ready!🎯 ENTRY!Signal triggeredExecute
Entry/Stop/Target
LevelLine ColorHow to SetEntryLime solidClose of signal candleStopRed dashedLow of pullbackTarget 1Aqua dottedEntry + (2 × Risk)Target 2Yellow dottedEntry + (3 × Risk)
Example
Entry: $5.00
Stop: $4.80
Risk: $0.20
Target 1 (2R): $5.00 + $0.40 = $5.40
Target 2 (3R): $5.00 + $0.60 = $5.60
Quality Grades
GradeScoreActionA+5/5 ✓Best setup - full sizeA4/5 ✓Good setup - standard sizeB3/5 ✓Average - reduced sizeC2/5 ✓Weak - skip or tiny size
Scoring Factors
✓ Green streak met minimum
✓ Pullback length valid (1-3)
✓ Retracement shallow (<50%)
✓ Volume confirmed
✓ Above EMA
Trade Execution
Entry
Wait for "⏳ FORMING" status
Watch for green candle forming
Entry triggers when green candle closes above pullback high
Enter at market or small limit above current price
Stop Loss
Set at pullback low (red dashed line)
Non-negotiable - this is your max risk
Trade Management
If no immediate follow-through → exit early
Take 50% off at Target 1 (aqua line)
Move stop to breakeven
Let remainder run to Target 2
Settings Guide
Default (Recommended)
Min Green Candles: 3
Min Pullback: 1
Max Pullback: 3
Max Retracement: 50%
Volume Multiplier: 1.2x
EMA Filter: ON (20)
Conservative (Fewer, Better)
Min Green Candles: 4
Min Pullback: 2
Max Pullback: 3
Max Retracement: 40%
Volume Multiplier: 1.5x
EMA Filter: ON (20)
Aggressive (More Signals)
Min Green Candles: 2
Min Pullback: 1
Max Pullback: 4
Max Retracement: 60%
Volume Multiplier: 1.0x
EMA Filter: OFF
Common Mistakes
❌ Entering before signal
Wait for green triangle
"FORMING" ≠ "ENTRY"
❌ Wide stop
Stop must be at pullback low
If too wide, skip the trade
❌ Ignoring volume
Low volume entries fail more often
Look for ✓ in volume row
❌ Fighting trend
Check EMA status
Should show "Above ✓"
❌ Chasing after entry
If you miss entry by 3+ candles, wait for next setup
Don't chase extended moves
Best Setups
A+ Quality Setup ✓
4-5 green candles (strong move)
2 candle pullback (brief)
25-35% retracement (shallow)
2x+ volume on entry
Well above EMA
Stock already up 5%+ on day
Avoid These ✗
Only 2 green candles
4+ candle pullback (losing momentum)
50%+ retracement (too deep)
Below average volume
Below or at EMA
Against market direction
Timeframe Guide
TFSignalsQualityBest For1mMostLowerScalping5mBalancedGoodDay trading15mFewestHigherSwing entries
Quick Decision Tree
1. Status showing "FORMING"?
NO → Wait
YES → Continue
2. Quality grade A or better?
NO → Skip or small size
YES → Continue
3. Volume confirmed (✓)?
NO → Caution, reduce size
YES → Continue
4. Above EMA (✓)?
NO → Skip
YES → Continue
5. Risk acceptable? (Stop not too wide)
NO → Skip
YES → TAKE THE TRADE
Alert Setup
Essential Alert
"Micro Pullback Entry" - Main signal
How to Set
Right-click chart → Add Alert
Condition: Micro Pullback Entry System
Select "Micro Pullback Entry"
Set notification preferences
Combining with Other Indicators
IndicatorHow to Use5 PillarsFind stocks meeting criteria firstGap & GoLook for micro pullbacks after gap breakoutsR2G TrackerConfirm stock is green before enteringFloat RotationHigh rotation + micro pullback = best setupsBull FlagMicro pullback is a "mini" bull flag
Example Trade
Stock: XYZ
Pre-market: Gapped up 15%
9:35 - 9:38: 4 green candles (move from $4.50 to $5.00)
9:39 - 9:40: 2 red candles (pullback to $4.85)
9:41: Green candle breaks $4.90 (pullback high)
ENTRY: $4.92
STOP: $4.82 (pullback low)
RISK: $0.10
TARGET 1: $5.12 (+$0.20 = 2R)
TARGET 2: $5.22 (+$0.30 = 3R)
Result: Hit Target 2 by 9:55 → +$0.30 per share
Key Takeaways
Micro = 1-3 candles - Brief pullback
Entry = First green to break high - Specific trigger
Stop = Pullback low - Tight risk
Quality matters - Focus on A/A+ setups
Breakout or bailout - Exit if no follow-through
Mancini Levels Fixed 11/26/25Updated existing script via ChatGPT. Fixed Runtime Errors. Thank you, @bitjanitor
Simple Grid Trading v1.0 [PUCHON]Simple Grid Trading v1.0
Overview
This is a Long-Only Grid Trading Strategy developed in Pine Script v6 for TradingView. It is designed to profit from market volatility by placing a series of Buy Limit orders at predefined price levels. As the price drops, the strategy accumulates positions. As the price rises, it sells these positions at a profit.
Features
Grid Types : Supports both Arithmetic (equal price spacing) and Geometric (equal percentage spacing) grids.
Flexible Order Management : Uses strategy.order for precise control and prevents duplicate orders at the same level.
Performance Dashboard : A real-time table displaying key metrics like Capital, Cashflow, and Drawdown.
Advanced Metrics : Includes Max Drawdown (MaxDD) , Avg Monthly Return , and CAGR calculations.
Customizable : Fully adjustable price range, grid lines, and lot size.
Dashboard Metrics
The dashboard (default: Bottom Right) provides a quick snapshot of the strategy's performance:
Initial Capital : The starting capital defined in the strategy settings.
Lot Size : The fixed quantity of assets purchased per grid level.
Avg. Profit per Grid : The average realized profit for each closed trade.
Cashflow : The total realized net profit (closed trades only).
MaxDD : Maximum Drawdown . The largest percentage drop in equity (realized + unrealized) from a peak.
Avg Monthly Return : The average percentage return generated per month.
CAGR : Compound Annual Growth Rate . The mean annual growth rate of the investment over the specified time period.
Strategy Settings (Inputs)
Grid Settings
Upper Price : The highest price level for the grid.
Lower Price : The lowest price level for the grid.
Number of Grid Lines : The total number of levels (lines) in the grid.
Grid Type :
Arithmetic: Distance between lines is fixed in price terms (e.g., $10, $20, $30).
Geometric: Distance between lines is fixed in percentage terms (e.g., 1%, 2%, 3%).
Lot Size : The fixed amount of the asset to buy at each level.
Dashboard Settings
Show Dashboard : Toggle to hide/show the performance table.
Position : Choose where the dashboard appears on the chart (e.g., Bottom Right, Top Left).
How It Works
Initialization : On the first bar, the script calculates the price levels based on your Upper/Lower price and Grid Type.
Entry Logic :
The strategy places Buy Limit orders at every grid level below the current price.
It checks if a position already exists at a specific level to avoid "stacking" multiple orders on the same line.
Exit Logic :
For every Buy order, a corresponding Sell Limit (Take Profit) order is placed at the next higher grid level.
MaxDD Calculation :
The script continuously tracks the highest equity peak.
It calculates the drawdown on every bar (including intra-bar movements) to ensure accuracy.
Displayed as a percentage (e.g., 5.25%).
Disclaimer
This script is for educational and backtesting purposes only. Grid trading involves significant risk, especially in strong trending markets where the price may move outside your grid range. Always use proper risk management.
CM MACD Ultimate MTF + SuperTrend Strategy [PickMyTrade]Overview
This strategy is built upon ChrisMoody's legendary "CM_MacD_Ult_MTF" indicator (one of the most popular MACD indicators on TradingView with over 1.7 million views). The PickMyTrade team has converted this powerful indicator into a fully automated trading strategy with an essential SuperTrend filter for improved trade quality.
What Makes This Different?
While ChrisMoody's original MACD indicator provides excellent momentum signals with multi-timeframe analysis and 4-color histogram visualization, our strategy adds a critical enhancement:
SuperTrend Trend Filter – We only take trades when both momentum AND trend agree:
Long trades: MACD crosses above Signal Line AND SuperTrend is bullish (green)
Short trades: MACD crosses below Signal Line AND SuperTrend is bearish (red)
This combination dramatically reduces false signals in choppy markets and keeps you on the right side of the trend.
How It Works
The MACD Calculation
Fast EMA (12) - Slow EMA (26) = MACD Line
Signal Line = 9-period SMA of MACD
Histogram = MACD - Signal (shows momentum strength)
4-Color Histogram Logic (ChrisMoody's Innovation)
The histogram changes color based on direction AND position:
Above Zero Line (Bullish Territory):
Aqua → Histogram rising (strengthening bullish momentum)
Blue → Histogram falling (weakening bullish momentum)
Below Zero Line (Bearish Territory):
Maroon → Histogram rising (weakening bearish momentum)
Red → Histogram falling (strengthening bearish momentum)
SuperTrend Filter
Green background = Bullish trend (SuperTrend below price)
Red background = Bearish trend (SuperTrend above price)
Uses ATR (Average True Range) to adapt to market volatility
Entry Signals
Long Entry (Green Background Flash):
MACD Line crosses above Signal Line
SuperTrend is bullish (green)
Optional: MACD above zero line for extra confirmation
Short Entry (Red Background Flash):
MACD Line crosses below Signal Line
SuperTrend is bearish (red)
Optional: MACD below zero line for extra confirmation
Exit Signals:
Opposite MACD/Signal crossover (configurable)
SuperTrend reversal (configurable)
Stop Loss / Take Profit levels (configurable)
Key Features
Multi-Timeframe Support – Analyze MACD on higher timeframes while trading on lower timeframes
Visual Crossover Dots – Clear markers when MACD crosses Signal Line
4-Color Histogram – Instant visual feedback on momentum strength and direction
SuperTrend Filter – Only trade with the trend, not against it
Flexible Exit Options – Exit on opposite signal, SuperTrend flip, or fixed targets
Risk Management Built-In – Customizable Stop Loss and Take Profit percentages
Prop Firm Friendly – Conservative approach with trend confirmation
Works on All Markets – Stocks, Forex, Crypto, Futures, Indices
No Repainting – All signals are confirmed on bar close
Recommended Settings
For Stocks & Indices:
MACD: 12/26/9 (default)
SuperTrend: ATR Period 10, Multiplier 3.0
Timeframes: 1H, 4H, Daily
Stop Loss: 2%
For Crypto:
MACD: 8/17/9 (faster settings for crypto volatility)
SuperTrend: ATR Period 10, Multiplier 2.0
Timeframes: 15M, 1H, 4H
Stop Loss: 3%
For Forex:
MACD: 12/26/9 (default)
SuperTrend: ATR Period 10, Multiplier 3.0
Timeframes: 4H, Daily
Stop Loss: 1.5%
Input Parameters
Timeframe Settings
Use Current Chart Resolution: Toggle ON for current timeframe, OFF for custom MTF
Custom Timeframe: Select higher timeframe for MACD calculation (e.g., 60 = 1 hour)
MACD Settings
Fast Length (12): Fast EMA period
Slow Length (26): Slow EMA period
Signal Length (9): Signal line smoothing period
Source: Price input (default: close)
SuperTrend Filter
Use SuperTrend Filter: Toggle trend filter ON/OFF
ATR Period (10): Period for ATR calculation
ATR Multiplier (3.0): Sensitivity (lower = more signals, higher = stronger trends)
Display Settings
Show MACD & Signal Line: Toggle line display
Show Dots at Crossovers: Visual markers at crosses
Show Histogram: Toggle histogram display
Change MACD Line Color: Dynamic coloring based on Signal Line cross
MACD Histogram 4 Colors: Enable ChrisMoody's color scheme
Strategy Settings
Allow Short Positions: Enable/disable short trades
Only Trade in Trend Direction: Extra filter (MACD > 0 for longs)
Exit on Opposite Signal: Close position on reverse crossover
Exit on SuperTrend Reversal: Close when trend changes
Risk Management
Use Stop Loss: Enable fixed stop loss
Stop Loss % (2.0): Percentage from entry
Use Take Profit: Enable fixed take profit
Take Profit % (4.0): Percentage from entry
Usage Tips
Entry Tips:
Wait for alignment – Don't force trades. Wait for both MACD cross AND SuperTrend confirmation
Higher timeframe confirmation – Check the trend on a higher timeframe before entering
Avoid low volatility – Best results during active trading sessions
Volume confirmation – Look for above-average volume on entry signals
Exit Tips:
Let winners run – Consider using trailing stops instead of fixed take profits
Cut losers quickly – Respect your stop loss levels
Watch for divergences – If price makes new highs/lows but MACD doesn't, consider exiting
Exit on SuperTrend flip – Strong signal that trend is changing
Optimization Tips:
Backtest thoroughly – Test on at least 6 months of data for your specific market
Adjust for volatility – Lower ATR multiplier in volatile markets, higher in stable markets
Match your timeframe – Shorter timeframes need faster MACD settings
Consider session times – Some markets perform better during specific sessions
Best Practices
DO:
Use on trending markets for best results
Combine with higher timeframe analysis
Test on demo account before going live
Adjust parameters for each market/timeframe
Use proper position sizing (1-2% risk per trade)
DON'T:
Trade during major news events without experience
Use on choppy, range-bound markets
Ignore the SuperTrend background color
Overtrade – quality over quantity
Risk more than you can afford to lose
Performance Notes
The strategy performs best when:
Markets are trending (avoid ranging markets)
Volatility is moderate to high
Volume is above average
Multiple timeframes align
The strategy may underperform when:
Markets are choppy or sideways
During major news events (whipsaw risk)
In extremely low volatility conditions
Against strong macro trends
Credits
Original MACD Indicator: ChrisMoody - "CM_MacD_Ult_MTF" (April 10, 2014)
Special thanks to ChrisMoody for creating one of the most comprehensive and visually intuitive MACD indicators on TradingView. His 4-color histogram and multi-timeframe features are preserved in this strategy.
Strategy Conversion & Enhancement: PickMyTrade Team
Added SuperTrend filter, automated trading logic, and risk management system.
About PickMyTrade
Strategy Automation:
Love this strategy? Automate it with real-time execution!
For Stock, Crypto, Futures & Options Trading:
Visit pickmytrade.io
Supported Brokers: Rithmic, TradeStation, TradeLocker, Interactive Brokers, ProjectX
For Tradovate Futures Trading:
Visit pickmytrade.trade
Transform your TradingView strategies into fully automated trading systems with:
Real-time order execution
Alert-based automation
Multiple broker connectivity
Risk management controls
Portfolio management
24/7 trading (crypto/forex)
Disclaimer
This strategy is for educational and informational purposes only.
Important Risk Disclosure:
Past performance does NOT guarantee future results
Trading involves substantial risk of loss
Never risk more than you can afford to lose
Always test strategies on paper/demo accounts first
This is not financial advice – consult a professional advisor
Results will vary based on market conditions and individual execution
Slippage, commissions, and spread costs will affect real-world performance
Recommended:
Start with small position sizes
Use proper risk management (stop losses)
Backtest thoroughly on your specific market
Paper trade for at least 30 days before live trading
Keep a trading journal to track performance
SPX AbuBasel Scalping PRO – Stable//@version=5
indicator("SPX AbuBasel Scalping PRO – Stable", overlay=true, precision=2)
// ==== Inputs ====
lenRSI = input.int(7, "RSI Length")
tp1ATR = input.float(0.35, "TP1 ATR Factor", step=0.05)
tp2ATR = input.float(0.70, "TP2 ATR Factor", step=0.05)
tp3ATR = input.float(1.00, "TP3 ATR Factor", step=0.05)
slATR = input.float(0.45, "SL ATR Factor", step=0.05)
useVol = input.bool(true, "Use Volume Filter")
// ==== Indicators ====
rsi = ta.rsi(close, lenRSI)
vwap = ta.vwap
atr = ta.atr(14)
// Bollinger Bands
basis = ta.sma(close, 20)
dev = 2.0 * ta.stdev(close, 20)
upper = basis + dev
lower = basis - dev
// Volume filter
volOK = volume > ta.sma(volume, 20)
// Divergence
bullDiv = low < low and rsi > rsi
bearDiv = high > high and rsi < rsi
// Reversal candles
bullCandle = close > open and close > high
bearCandle = close < open and close < low
// VWAP slope
trendUp = vwap > vwap
trendDown = vwap < vwap
// ==== Entry Conditions ====
buySig = bullDiv and bullCandle and close > vwap and trendUp and (not useVol or volOK) and close < lower
sellSig = bearDiv and bearCandle and close < vwap and trendDown and (not useVol or volOK) and close > upper
// ==== Targets ====
tp1 = buySig ? close + atr * tp1ATR : sellSig ? close - atr * tp1ATR : na
tp2 = buySig ? close + atr * tp2ATR : sellSig ? close - atr * tp2ATR : na
tp3 = buySig ? close + atr * tp3ATR : sellSig ? close - atr * tp3ATR : na
sl = buySig ? close - atr * slATR : sellSig ? close + atr * slATR : na
// ==== Plot Signals ====
plotshape(buySig, title="BUY", style=shape.labelup, color=color.green, text="BUY", size=size.small)
plotshape(sellSig, title="SELL", style=shape.labeldown, color=color.red, text="SELL", size=size.small)
// ==== Draw Levels ====
if buySig or sellSig
line.new(bar_index, tp1, bar_index + 1, tp1, extend=extend.right, color=color.new(color.green, 0))
line.new(bar_index, tp2, bar_index + 1, tp2, extend=extend.right, color=color.new(color.lime, 0))
line.new(bar_index, tp3, bar_index + 1, tp3, extend=extend.right, color=color.new(color.green, 40))
line.new(bar_index, sl, bar_index + 1, sl, extend=extend.right, color=color.new(color.red, 0))
// ==== Alerts ====
alertcondition(buySig, "SPX BUY", "AbuBasel PRO: BUY Signal")
alertcondition(sellSig, "SPX SELL", "AbuBasel PRO: SELL Signal")
PSP - Precision Swing Point (NQ / ES / YM)Inspired by Gxt
A very simple indicator detecting PSP between NQ ES and YM.
RSI Rate of Change (ROC of RSI)The RSI Rate of Change (ROC of RSI) indicator measures the speed and momentum of changes in the RSI, helping traders identify early trend shifts, strength of price moves, and potential reversals before they appear on the standard RSI.
While RSI shows overbought and oversold conditions, the ROC of RSI reveals how fast RSI itself is rising or falling, offering a deeper view of market momentum.
How the Indicator Works
1. RSI Calculation
The indicator first calculates the classic Relative Strength Index (RSI) using the selected length (default 14). This measures the strength of recent price movements.
2. Rate of Change (ROC) of RSI
Next, it computes the Rate of Change (ROC) of the RSI over a user-defined period.
This shows:
Positive ROC → RSI increasing quickly → strong bullish momentum
Negative ROC → RSI decreasing quickly → strong bearish momentum
ROC crossing above/below 0 → potential early trend shift
What You See on the Chart
Blue Line: RSI
Red Line: ROC of RSI
Grey dotted Zero Line: Momentum reference
Why Traders Use It
The RSI ROC helps you:
Detect momentum reversals early
Spot bullish and bearish accelerations not visible on RSI alone
Identify exhaustion points before RSI reaches extremes
Improve entry/exit precision in trend and swing trading
Validate price breakouts or breakdowns with momentum confirmation
Best For
Swing traders
Momentum traders
Reversal traders
Trend-following systems needing early confirmation signals
MACD No Consecutive Signals alfanetZecusdt 2min
Macd crossing signal with histogram try it and you don't regret
Wyckoff Accumulation/Distribution - Enhanced by ChakraWyckoff Accumulation/Distribution - Enhanced Indicator
Overview
An advanced Pine Script v6 indicator that detects Wyckoff accumulation and distribution patterns using RSI-based trend analysis, pivot detection, and volume confirmation. This enhanced version improves upon traditional Wyckoff indicators with cleaner code, English variable names, and additional market structure signals.
Key Features
Wyckoff Phase Detection
Accumulation Phase:
SC (Selling Climax): Bottom pivot with extreme bearish RSI and high volume
AR (Automatic Rally): First bounce after selling climax
ST (Secondary Test): Retest of lows without extreme RSI
SOS (Sign of Strength): Strong bullish breakout with volume confirmation ⭐ NEW
Distribution Phase:
BC (Buying Climax): Top pivot with extreme bullish RSI and high volume
DAR (Automatic Reaction): First drop after buying climax
DST (Distribution Secondary Test): Retest of highs
SOW (Sign of Weakness): Strong bearish breakdown with volume confirmation ⭐ NEW
Market Structure Events
Spring: False breakdown (RSI crosses above lower band) with background highlight
UTAD (Upthrust After Distribution): False breakout (RSI crosses below upper band) with background highlight
Visual Features
Range Boxes: Automatically draws consolidation ranges (gray) that change color on breakout:
🟢 Green = Accumulation (bullish breakout)
🔴 Red = Distribution (bearish breakout)
Pivot Markers: Orange triangles show regular (non-Wyckoff) pivot points
Bar Coloring: Lime bars for bullish trends, purple bars for bearish trends
Color-Coded Labels: All Wyckoff events clearly marked with descriptive text
Customizable Settings
RSI Settings:
RSI Length (default: 14)
Trend Sensitivity (default: 20) - Higher values = more sideways detection
Pivot Settings:
Pivot Length (default: 5) - Controls pivot point detection sensitivity
Display Options:
Toggle range boxes on/off
Toggle regular pivot markers
Toggle bar coloring by trend
Customize label text color
Advanced Detection:
Volume Confirmation toggle - Require high volume for climax events
Volume Threshold (default: 1.5x) - Adjustable volume multiplier
Alerts
8 comprehensive alert conditions:
Selling Climax (SC)
Buying Climax (BC)
Spring detection
UTAD detection
Sign of Strength (SOS)
Sign of Weakness (SOW)
Range Breakout
Improvements Over Original
✅ Pine Script v6 (latest version)
✅ English variable names (was Turkish)
✅ Fixed DAR label bug (was showing "AR")
✅ Added SOS (Sign of Strength) detection
✅ Added SOW (Sign of Weakness) detection
✅ Optional volume confirmation toggle
✅ Organized input groups for better UX
✅ Enhanced visual options
✅ Comprehensive alert system
✅ Cleaner, more maintainable code structure
Best Use Cases
Timeframes: Works on all timeframes; best on 4H, Daily, or Weekly
Markets: Stocks, Forex, Crypto, Indices
Trading Style: Swing trading, position trading, market structure analysis
Combine With: Support/Resistance, Volume Profile, Order Flow analysis
How It Works
The indicator uses RSI to identify market states (sideways, bullish, bearish) and combines this with pivot point detection and volume analysis to identify key Wyckoff events. When price is ranging (RSI between upper/lower bands), it draws a box. On breakout, the box color changes to indicate accumulation or distribution, helping traders identify smart money positioning.
Tips for Use
Lower Trend Sensitivity (10-15) for more signals in trending markets
Higher Trend Sensitivity (25-30) for clearer signals in choppy markets
Enable Volume Confirmation in high-volume markets (stocks, major crypto)
Disable Volume Confirmation in low-volume or forex markets
Watch for Spring/UTAD events within boxes for potential reversals
Version: 1.0
Pine Script: v6
Author: Chakrapani Chittabathina
Mark Minervini SEPA Swing TradingMark Minervini Complete Technical Strategy with buy signals and full dashboard showing all the parameters.
Micro/Mini P&L [LDT]Overview
Micro/Mini P&L is a risk and P&L visualization tool built primarily for futures traders.
It provides accurate dollar-based calculations for either micros or minis, regardless of which contract type you are currently charting.
The indicator automatically detects your instrument (NQ, MNQ, ES, MES, YM, RTY, CL, GC, etc.) and adjusts point-value data accordingly, allowing you to chart one contract while evaluating risk for another.
This removes the need for manual conversions and keeps your position data consistent at all times.
Although optimized for futures, the tool also works on any other asset for general trade-level visualization.
Features
• Automatic instrument detection for major futures markets including NQ/MNQ, ES/MES, YM/MYM, RTY/M2K, CL/MCL, GC/MGC and others.
Point-value logic adjusts instantly based on the detected symbol ensuring accurate calculations without manual configuration.
• Micro/Mini display toggle, allowing you to calculate dollar values for either contract type regardless of which contract is on your chart.
Useful for traders who prefer charting minis whilst trading micros or the opposite.
• Trade-level visualization, including Entry, Take Profit and Stop Loss levels with automatically drawn lines and optional TP/SL zone shading for clear and structured display on the chart.
• Dynamic P/L calculations, showing both point-based and dollar-based metrics in real time.
This includes TP/SL dollar values, points to target/stop, real-time P/L and an optional risk-reward ratio.
• Adaptive risk table, displaying contract counts from 1 up to your selected maximum, total dollar risk for each row and highlighting your chosen contract size.
This provides a straightforward method for evaluating risk, scaling and position sizing.
• Customizable display options, including color settings, label visibility, extension length, bar offsets and table positioning.
This allows the tool to remain clean, unobtrusive and easy to integrate into any chart layout.
Purpose
This tool is designed to give futures traders a clear, consistent and reliable way to view dollar-accurate risk per contract without performing manual conversions.
Whether you trade micros or minis, the displayed values always align with your selected contract type, even when charting the opposite market.
