Mulakan

Exponential Moving Average (EMA)

Volume Flow with Bollinger Bands and EMA Cross SignalsThe Volume Flow with Bollinger Bands and EMA Cross Signals indicator is a custom technical analysis tool designed to identify potential buy and sell signals based on several key components: Volume Flow: This component combines price movement and trading volume to create a signal that indicates the strength or weakness of price movements. When the price is rising with increasing volume, it suggests strong buying activity, whereas falling prices with increasing volume indicate strong selling pressure. Bollinger Bands: Bollinger Bands consist of three lines: The Basis (middle line), which is a Simple Moving Average (SMA) of the price over a set period. The Upper Band, which is the Basis plus a multiple of the standard deviation (typically 2). The Lower Band, which is the Basis minus a multiple of the standard deviation. Bollinger Bands help identify periods of high volatility and potential overbought/oversold conditions. When the price touches the upper band, it might indicate that the market is overbought, while touching the lower band might indicate oversold conditions. EMA Crossovers: The script includes two Exponential Moving Averages (EMAs): Fast EMA: A shorter-term EMA, typically more sensitive to price changes. Slow EMA: A longer-term EMA, responding slower to price changes. The crossover of the Fast EMA crossing above the Slow EMA (bullish crossover) signals a potential buy opportunity, while the Fast EMA crossing below the Slow EMA (bearish crossover) signals a potential sell opportunity. Background Color and Candle Color: The indicator highlights the chart's background with specific colors based on the signals: Green background for buy signals. Yellow background for sell signals. Additionally, the candles are colored green for buy signals and yellow for sell signals to visually reinforce the trade opportunities. Buy/Sell Labels: Small labels are placed on the chart: "BUY" label in green is placed below the bar when a buy signal is generated. "SELL" label in yellow is placed above the bar when a sell signal is generated. Working of the Indicator: Volume Flow Calculation: The Volume Flow is calculated by multiplying the price change (current close minus the previous close) with the volume. This product is then smoothed with a Simple Moving Average (SMA) over a user-defined period (length). The result is then multiplied by a multiplier to adjust its sensitivity. Price Change = close - close Volume Flow = Price Change * Volume Smoothed Volume Flow = SMA(Volume Flow, length) The Volume Flow Signal is then: Smooth Volume Flow * Multiplier This calculation represents the buying or selling pressure in the market. Bollinger Bands: Bollinger Bands are calculated using the Simple Moving Average (SMA) of the closing price (basis) and the Standard Deviation (stdev) of the price over a period defined by the user (bb_length). Basis (Middle Band) = SMA(close, bb_length) Upper Band = Basis + (bb_std_dev * Stdev) Lower Band = Basis - (bb_std_dev * Stdev) The upper and lower bands are plotted alongside the price to identify the price's volatility. When the price is near the upper band, it could be overbought, and near the lower band, it could be oversold. EMA Crossovers: The Fast EMA and Slow EMA are calculated using the Exponential Moving Average (EMA) function. The crossovers are detected by checking: Buy Signal (Bullish Crossover): When the Fast EMA crosses above the Slow EMA. Sell Signal (Bearish Crossover): When the Fast EMA crosses below the Slow EMA. The long_condition variable checks if the Fast EMA crosses above the Slow EMA, and the short_condition checks if it crosses below. Visual Signals: Background Color: The background is colored green for a buy signal and yellow for a sell signal. This gives an immediate visual cue to the trader. Bar Color: The candles are colored green for buy signals and yellow for sell signals. Labels: A "BUY" label in green appears below the bar when the Fast EMA crosses above the Slow EMA. A "SELL" label in yellow appears above the bar when the Fast EMA crosses below the Slow EMA. Summary of Buy/Sell Logic: Buy Signal: The Fast EMA crosses above the Slow EMA (bullish crossover). Volume flow is positive, indicating buying pressure. Background turns green and candles are colored green. A "BUY" label appears below the bar. Sell Signal: The Fast EMA crosses below the Slow EMA (bearish crossover). Volume flow is negative, indicating selling pressure. Background turns yellow and candles are colored yellow. A "SELL" label appears above the bar. Usage of the Indicator: This indicator is designed to help traders identify potential entry (buy) and exit (sell) points based on: The interaction of Exponential Moving Averages (EMAs). The strength and direction of Volume Flow. Price volatility using Bollinger Bands. By combining these components, the indicator provides a comprehensive view of market conditions, helping traders make informed decisions on when to enter and exit trades.
Pine Script® indicator
oleh zaheerarrain
1
EREMA SignalsOverview The EREMA Signals indicator is a specialized overlay tool designed to display precise buy and sell signals directly on your price chart. Working as a companion to the main Ehlers Reverse EMA indicator, it brings powerful momentum-based signals to your trading strategy without cluttering your chart with additional indicator panels. Key Features On-Chart Signal Visualization: Clear buy/sell arrows appear directly on the price chart Dynamic Signal Positioning: Signals automatically adjust their distance from price using ATR for optimal visibility Multiple Signal Types: Choose from three distinct signal generation methods Clean Chart Interface: Displays only the essential signals, maintaining chart clarity Signal Types Zero Cross: Generates signals when the Ehlers Reverse EMA crosses above/below the zero line MA Cross: Identifies when the Ehlers Reverse EMA crosses its own moving average Zero & MA Cross: The strictest filter, requiring both zero line and MA crossovers for signal generation How To Use Setup First add the main "Ehlers Reverse EMA" indicator to your chart Then add this "EREMA Signals" indicator as an overlay Configure both indicators with identical settings for alpha, MA type, and signal method Reading Signals Green Triangles (below price): Buy signals indicating potential upward momentum Red Triangles (above price): Sell signals indicating potential downward momentum Trading Applications Trend Identification: Zero cross signals help identify changes in overall trend direction Momentum Trading: MA cross signals can identify shorter-term momentum shifts Confirmation Tool: Use alongside other technical indicators or price action strategies Multiple Timeframe Analysis: Apply to different timeframes for more robust trading decisions Best Practices Consider using longer timeframes (4H, Daily) for more reliable signals The combined "Zero & MA Cross" setting provides fewer but higher-quality signals For tighter entries, use the "MA Cross" option in established trends Adjust the Alpha parameter to match your trading style (lower for longer-term, higher for shorter-term) This indicator works seamlessly with the main Ehlers Reverse EMA indicator while maintaining a clean chart interface, making it ideal for traders who prefer visual simplicity without sacrificing analytical power.
Pine Script® indicator
oleh AlgoCollective
Ehlers Reverse EMAOverview The Ehlers Reverse EMA is an advanced momentum indicator designed by John Ehlers and implemented here with additional features for improved trading decision-making. This indicator helps identify trend direction, potential reversals, and generates precise buy/sell signals based on multiple confirmation methods. What Makes It Unique Unlike conventional EMAs, the Ehlers Reverse EMA uses a sophisticated reverse-engineering approach to provide smoother, more responsive signals with reduced lag. The indicator combines a proprietary EMA calculation with optional moving average confirmation to filter out market noise and highlight meaningful price movements. Features Dynamic Color Coding: Green when momentum is positive, red when negative Moving Average Overlay: Optional MA with selectable types (SMA, EMA, WMA, VWMA) Multiple Signal Generation Methods: Zero-Line Crossovers: Signals when momentum shifts from positive to negative or vice versa MA Crossovers: Signals when the Ehlers EMA crosses its own moving average Combined Confirmation: Requires both zero-line and MA crossovers for highest probability signals On-Chart Signal Visualization: Clear buy/sell arrows directly on the price chart Customizable Parameters: Adjust alpha value, MA type, and signal generation to suit your trading style How To Use Add the main "Ehlers Reverse EMA" indicator to your chart Add the companion "EREMA Signals" indicator to display buy/sell signals on the price chart Ensure both indicators have matching settings for consistency Signal Interpretation Buy Signals (Green Triangles): Appear below price bars when conditions are met Sell Signals (Red Triangles): Appear above price bars when conditions are met Recommended Timeframes Works well on all timeframes from 5-minute to daily charts. For swing trading, 4H or daily timeframes often provide the most reliable signals. Strategy Applications Trend Following: Use zero-line crossovers to enter with the trend Momentum Trading: Use MA crossovers for entry and exit points Confirmation Tool: Combine with price action or other indicators for higher-probability trades Divergence Analysis: Compare indicator movement with price action to spot potential reversals Parameter Settings Alpha (Default: 0.1): Lower values create smoother lines but more lag; higher values increase responsiveness but may increase false signals MA Length (Default: 14): Adjust based on your trading timeframe and style This versatile indicator helps identify high-probability trading opportunities while filtering out market noise, making it valuable for both novice and experienced traders alike.
Pine Script® indicator
oleh AlgoCollective
Double MACD Overlay [NLR]This indicator plots two MACD signals directly on your price chart to help you spot trends and shifts in momentum more clearly: 🔹 Main MACD - The classic MACD with customizable Fast, Slow, and Signal lengths. Great for confirming broader trend direction. 🔹 Short MACD - A faster MACD with an option to smooth the input, helping you catch early signals or identify short-term momentum changes. Each MACD is visualized as: A line showing the moving average A colored histogram showing the MACD minus the signal A zero line for reference Why use this? By comparing a short-term MACD with a longer-term one, you get early signals without losing the big picture. Use it for confirmation, divergence spotting, or just cleaner trend visualization. Best For: ✅ Trend-followers ✅ Momentum traders ✅ Anyone who wants more context from their MACD signals Recommended Settings: Here are some ideal settings to get the most out of this indicator: On a 5-Minute Chart: Compare your current MACD with the 15-minute MACD. - MACD Multiplier: 3 On a 1-Minute Chart: Spot short-term moves while comparing them to the 5-minute MACD. - MACD Multiplier: 5 - Use Smoothed Source (Short MACD): ON (for a cleaner short MACD signal) Happy trading! 💹
Pine Script® indicator
oleh NonLinearRookie
EMA Technical Analysis with Reversal ZonesThis Pine Script is a comprehensive technical analysis indicator that combines multiple trend and momentum indicators to provide trading signals and market insights. It consists of two main components: 1. EMA-Based Technical Analysis: • Uses multiple Exponential Moving Averages (EMAs) (8, 9, 20, 21, 50) to identify trends and crossovers. • Includes Volume Weighted Average Price (VWAP) for institutional price tracking. • Incorporates MACD, Parabolic SAR (PSAR), RSI, Bollinger Bands (BB), and ADX for additional trend confirmation. • Monitors SPX (S&P 500) and VIX (Volatility Index) for broader market conditions. • Plots bullish/bearish EMA crossovers and allows alert conditions for trading signals. • Displays a technical analysis table summarizing market conditions. 2. Reversal and Confirmation Zones: • Uses Bollinger Bands and RSI to identify overbought/oversold conditions. • Highlights potential reversal zones with background color shading. • Includes alert conditions for deep overbought/oversold signals. • Implements an additional EMA (9/21) and MACD-based confirmation system to filter false signals. Overall, this script is designed for traders looking to identify both trend-following and reversal opportunities while keeping track of key market indicators. It offers visual cues, alerts, and a structured technical analysis framework for decision-making.
Pine Script® indicator
oleh skrillionaire1
Ryna 3 EMA Multi-Timeframe Indicator**EMA Multi-Timeframe Strategy (Pine Script v6)** This TradingView indicator is designed to assist traders using a **multi-timeframe trend-following strategy** based on Exponential Moving Averages (EMAs). **Core Functionality** - **Trend Identification:** Uses a configurable **EMA (e.g., EMA 50)** on a **higher timeframe** (e.g., H1, D1, W1) to determine the market bias: - If price is **above** the trend EMA → **Long bias** - If price is **below** the trend EMA → **Short bias** - **Entry Signals:** Uses two EMAs (fast & slow, e.g., EMA 8 & EMA 21) on either: - The **current chart timeframe**, or - A **separately selected timeframe** (e.g., entry on M15, trend on H1) → Signals are generated based on **EMA crossovers**: - **Bullish crossover** (fast crosses above slow) → Long signal - **Bearish crossover** (fast crosses below slow) → Short signal - Only when aligned with the higher-timeframe trend - **Visual Output:** - Optional display of entry EMAs when sourced from the trend timeframe - Always displays the trend EMA - Entry signals shown with triangle markers on the chart - **Info Panel (Top Center):** - Shows selected timeframes and EMA settings - Indicates current trend bias (LONG / SHORT / NEUTRAL) - Notes if entry EMAs are hidden due to settings - **Alerts:** - Optional alerts for long and short entry signals based on EMA crossovers #### **User Inputs** - **Trend Timeframe & EMA Length** - **Entry Timeframe & EMA Fast/Slow Lengths** - **Option to show/hide entry EMAs when using the trend timeframe** - **Option to show/hide Infobox on Chart**
Pine Script® indicator
oleh richie_ryna
Multi-Timeframe MA DashboardThis indicator monitors 5 timeframes: 5min, 15min, 1hr, 4hr, and Daily. It displays fast and slow moving averages for each timeframe, along with the current price. The trend direction is color-coded: green for bullish (fast MA above slow MA) and red for bearish (fast MA below slow MA). The dashboard also shows the last crossover signal (Buy/Sell) for each timeframe. Visual arrows are plotted on the chart for the current timeframe. A green up arrow indicates a potential bullish crossover (Buy signal), while a red down arrow indicates a potential bearish crossover (Sell signal). The dashboard is elegant and professional, with alternating row colors for better readability. It can be placed in any corner of the screen and customized with user-defined colors for bullish and bearish trends. Alerts are triggered when a crossover occurs on any timeframe. These alerts include the timeframe and signal type (e.g., "5min: ↑ BUY"). How to Read the Indicator The dashboard displays the following for each timeframe: Fast MA: The value of the fast moving average. Slow MA: The value of the slow moving average. Price: The current price for the timeframe. Trend: The current trend direction (Bullish or Bearish). Signal: The last crossover signal (↑ BUY or ↓ SELL). On the chart, green up arrows indicate a bullish crossover (Fast MA crosses above Slow MA), while red down arrows indicate a bearish crossover (Fast MA crosses below Slow MA). Green text in the dashboard indicates a bullish trend or signal, while red text indicates a bearish trend or signal. How to Use the Indicator Use the dashboard to monitor the trend direction across multiple timeframes. Look for confluence (agreement) between timeframes to identify stronger trends. Observe the "Signal" column in the dashboard for the last crossover on each timeframe. Use the arrows on the chart to identify potential crossover points for the current timeframe. Enable alerts to be notified of crossover signals on any timeframe. Alerts include the timeframe and signal type for easy reference. Adjust the fast and slow moving average lengths to suit your trading style. Choose between EMA, SMA, or WMA for the moving average type. Customize the dashboard placement and colors for better visibility. Important Notes This indicator is not a buy or sell recommendation. It is a tool to assist traders in their analysis. Always use this indicator in conjunction with other tools, such as support/resistance levels, volume analysis, and price action. Past performance of moving averages does not guarantee future results. How to Add the Indicator Add the indicator to your chart from the TradingView library. Configure the inputs: Fast MA Length: Default is 20. Slow MA Length: Default is 50. MA Type: Choose between EMA, SMA, or WMA. Dashboard Placement: Select the corner of the screen where the dashboard will appear. Colors: Customize the colors for bullish and bearish trends. Monitor the dashboard and chart for trends and signals. Disclaimer This indicator is for educational and informational purposes only. It does not provide financial, investment, or trading advice. Always perform your own analysis and consult with a financial advisor before making trading decisions.
Pine Script® indicator
oleh darshakssc
Uptrick: Z-Score FlowOverview Uptrick: Z-Score Flow is a technical indicator that integrates trend-sensitive momentum analysi s with mean-reversion logic derived from Z-Score calculations. Its primary objective is to identify market conditions where price has either stretched too far from its mean (overbought or oversold) or sits at a statistically “normal” range, and then cross-reference this observation with trend direction and RSI-based momentum signals. The result is a more contextual approach to trade entry and exit, emphasizing precision, clarity, and adaptability across varying market regimes. Introduction Financial instruments frequently transition between trending modes, where price extends strongly in one direction, and ranging modes, where price oscillates around a central value. A simple statistical measure like Z-Score can highlight price extremes by comparing the current price against its historical mean and standard deviation. However, such extremes alone can be misleading if the broader market structure is trending forcefully. Uptrick: Z-Score Flow aims to solve this gap by combining Z-Score with an exponential moving average (EMA) trend filter and a smoothed RSI momentum check, thus filtering out signals that contradict the prevailing market environment. Purpose The purpose of this script is to help traders pinpoint both mean-reversion opportunities and trend-based pullbacks in a way that is statistically grounded yet still mindful of overarching price action. By pairing Z-Score thresholds with supportive conditions, the script reduces the likelihood of acting on random price spikes or dips and instead focuses on movements that are significant within both historical and current contextual frameworks. Originality and Uniquness Layered Signal Verification: Signals require the fulfillment of multiple layers (Z-Score extreme, EMA trend bias, and RSI momentum posture) rather than merely breaching a statistical threshold. RSI Zone Lockout: Once RSI enters an overbought/oversold zone and triggers a signal, the script locks out subsequent signals until RSI recovers above or below those zones, limiting back-to-back triggers. Controlled Cooldown: A dedicated cooldown mechanic ensures that the script waits a specified number of bars before issuing a new signal in the opposite direction. Gradient-Based Visualization: Distinct gradient fills between price and the Z-Mean line enhance readability, showing at a glance whether price is trading above or below its statistical average. Comprehensive Metrics Panel: An optional on-chart table summarizes the Z-Score’s key metrics, streamlining the process of verifying current statistical extremes, mean levels, and momentum directions. Why these indicators were merged Z-Score measurements excel at identifying when price deviates from its mean, but they do not intrinsically reveal whether the market’s trajectory supports a reversion or if price might continue along its trend. The EMA, commonly used for spotting trend directions, offers valuable insight into whether price is predominantly ascending or descending. However, relying solely on a trend filter overlooks the intensity of price moves. RSI then adds a dedicated measure of momentum, helping confirm if the market’s energy aligns with a potential reversal (for example, price is statistically low but RSI suggests looming upward momentum). By uniting these three lenses—Z-Score for statistical context, EMA for trend direction, and RSI for momentum force—the script offers a more comprehensive and adaptable system, aiming to avoid false positives caused by focusing on just one aspect of price behavior. Calculations The core calculation begins with a simple moving average (SMA) of price over zLen bars, referred to as the basis. Next, the script computes the standard deviation of price over the same window. Dividing the difference between the current price and the basis by this standard deviation produces the Z-Score, indicating how many standard deviations the price is from its mean. A positive Z-Score reveals price is above its average; a negative reading indicates the opposite. To detect overall market direction, the script calculates an exponential moving average (emaTrend) over emaTrendLen bars. If price is above this EMA, the script deems the market bullish; if below, it’s considered bearish. For momentum confirmation, the script computes a standard RSI over rsiLen bars, then applies a smoothing EMA over rsiEmaLen bars. This smoothed RSI (rsiEma) is monitored for both its absolute level (oversold or overbought) and its slope (the difference between the current and previous value). Finally, slopeIndex determines how many bars back the script compares the basis to check whether the Z-Mean line is generally rising, falling, or flat, which then informs the coloring scheme on the chart. Calculations and Rational Simple Moving Average for Baseline: An SMA is used for the core mean because it places equal weight on each bar in the lookback period. This helps maintain a straightforward interpretation of overbought or oversold conditions in the context of a uniform historical average. Standard Deviation for Volatility: Standard deviation measures the variability of the data around the mean. By dividing price’s difference from the mean by this value, the Z-Score can highlight whether price is unusually stretched given typical volatility. Exponential Moving Average for Trend: Unlike an SMA, an EMA places more emphasis on recent data, reacting quicker to new price developments. This quicker response helps the script promptly identify trend shifts, which can be crucial for filtering out signals that go against a strong directional move. RSI for Momentum Confirmation: RSI is an oscillator that gauges price movement strength by comparing average gains to average losses over a set period. By further smoothing this RSI with another EMA, short-lived oscillations become less influential, making signals more robust. SlopeIndex for Slope-Based Coloring: To clarify whether the market’s central tendency is rising or falling, the script compares the basis now to its level slopeIndex bars ago. A higher current reading indicates an upward slope; a lower reading, a downward slope; and similar readings, a flat slope. This is visually represented on the chart, providing an immediate sense of the directionality. Inputs zLen (Z-Score Period) Specifies how many bars to include for computing the SMA and standard deviation that form the basis of the Z-Score calculation. Larger values produce smoother but slower signals; smaller values catch quick changes but may generate noise. emaTrendLen (EMA Trend Filter) Sets the length of the EMA used to detect the market’s primary direction. This is pivotal for distinguishing whether signals should be considered (price aligning with an uptrend or downtrend) or filtered out. rsiLen (RSI Length) Defines the window for the initial RSI calculation. This RSI, when combined with the subsequent smoothing EMA, forms the foundation for momentum-based signal confirmations. rsiEmaLen (EMA of RSI Period) Applies an exponential moving average over the RSI readings for additional smoothing. This step helps mitigate rapid RSI fluctuations that might otherwise produce whipsaw signals. zBuyLevel (Z-Score Buy Threshold) Determines how negative the Z-Score must be for the script to consider a potential oversold signal. If the Z-Score dives below this threshold (and other criteria are met), a buy signal is generated. zSellLevel (Z-Score Sell Threshold) Determines how positive the Z-Score must be for a potential overbought signal. If the Z-Score surpasses this threshold (and other checks are satisfied), a sell signal is generated. cooldownBars (Cooldown (Bars)) Enforces a bar-based delay between opposite signals. Once a buy signal has fired, the script must wait the specified number of bars before registering a new sell signal, and vice versa. slopeIndex (Slope Sensitivity (Bars)) Specifies how many bars back the script compares the current basis for slope coloration. A bigger slopeIndex highlights larger directional trends, while a smaller number emphasizes shorter-term shifts. showMeanLine (Show Z-Score Mean Line) Enables or disables the plotting of the Z-Mean and its slope-based coloring. Traders who prefer minimal chart clutter may turn this off while still retaining signals. Features Statistical Core (Z-Score Detection): This feature computes the Z-Score by taking the difference between the current price and the basis (SMA) and dividing by the standard deviation. In effect, it translates price fluctuations into a standardized measure that reveals how significant a move is relative to the typical variation seen over the lookback. When the Z-Score crosses predefined thresholds (zBuyLevel for oversold and zSellLevel for overbought), it signals that price could be at an extreme. How It Works: On each bar, the script updates the SMA and standard deviation. The Z-Score is then refreshed accordingly. Traders can interpret particularly large negative or positive Z-Score values as scenarios where price is abnormally low or high. EMA Trend Filter: An EMA over emaTrendLen bars is used to classify the market as bullish if the price is above it and bearish if the price is below it. This classification is applied to the Z-Score signals, accepting them only when they align with the broader price direction. How It Works: If the script detects a Z-Score below zBuyLevel, it further checks if price is actually in a downtrend (below EMA) before issuing a buy signal. This might seem counterintuitive, but a “downtrend” environment plus an oversold reading often signals a potential bounce or a mean-reversion play. Conversely, for sell signals, the script checks if the market is in an uptrend first. If it is, an overbought reading aligns with potential profit-taking. RSI Momentum Confirmation with Oversold/Overbought Lockout: RSI is calculated over rsiLen, then smoothed by an EMA over rsiEmaLen. If this smoothed RSI dips below a certain threshold (for example, 30) and then begins to slope upward, the indicator treats it as a potential sign of recovering momentum. Similarly, if RSI climbs above a certain threshold (for instance, 70) and starts to slope downward, that suggests dwindling momentum. Additionally, once RSI is in these zones, the indicator locks out repetitive signals until RSI fully exits and re-enters those extreme territories. How It Works: Each bar, the script measures whether RSI has dropped below the oversold threshold (like 30) and has a positive slope. If it does, the buy side is considered “unlocked.” For sell signals, RSI must exceed an overbought threshold (70) and slope downward. The combination of threshold and slope helps confirm that a reversal is genuinely in progress instead of issuing signals while momentum remains weak or stuck in extremes. Cooldown Mechanism: The script features a custom bar-based cooldown that prevents issuing new signals in the opposite direction immediately after one is triggered. This helps avoid whipsaw situations where the market quickly flips from oversold to overbought or vice versa. How It Works: When a buy signal fires, the indicator notes the bar index. If the Z-Score and RSI conditions later suggest a sell, the script compares the current bar index to the last buy signal’s bar index. If the difference is within cooldownBars, the signal is disallowed. This ensures a predefined “quiet period” before switching signals. Slope-Based Coloring (Z-Mean Line and Shadow): The script compares the current basis value to its value slopeIndex bars ago. A higher reading now indicates a generally upward slope, while a lower reading indicates a downward slope. The script then shades the Z-Mean line in a corresponding bullish or bearish color, or remains neutral if little change is detected. How It Works: This slope calculation is refreshingly straightforward: basis – basis . If the result is positive, the line is colored bullish; if negative, it is colored bearish; if approximately zero, it remains neutral. This provides a quick visual cue of the medium-term directional bias. Gradient Overlays: With gradient fills, the script highlights where price stands in relation to the Z-Mean. When price is above the basis, a purple-shaded region is painted, visually indicating a “bearish zone” for potential overbought conditions. When price is below, a teal-like overlay is used, suggesting a “bullish zone” for potential oversold conditions. How It Works: Each bar, the script checks if price is above or below the basis. It then applies a fill between close and basis, using distinct colors to show whether the market is trading above or below its mean. This creates an immediate sense of how extended the market might be. Buy and Sell Labels (with Alerts): When a legitimate buy or sell condition passes every check (Z-Score threshold, EMA trend alignment, RSI gating, and cooldown clearance), the script plots a corresponding label directly on the chart. It also fires an alert (if alerts are set up), making it convenient for traders who want timely notifications. How It Works: If rawBuy or rawSell conditions are met (refined by RSI, EMA trend, and cooldown constraints), the script calls the respective plot function to paint an arrow label on the chart. Alerts are triggered simultaneously, carrying easily recognizable messages. Metrics Table: The optional on-chart table (activated by showMetrics) presents real-time Z-Score data, including the current Z-Score, its rolling mean, the maximum and minimum Z-Score values observed over the last zLen bars, a percentile position, and a short-term directional note (rising, falling, or flat). Current – The present Z-Score reading Mean – Average Z-Score over the zLen period Min/Max – Lowest and highest Z-Score values within zLen Position – Where the current Z-Score sits between the min and max (as a percentile) Trend – Whether the Z-Score is increasing, decreasing, or flat Conclusion Uptrick: Z-Score Flow offers a versatile solution for traders who need a statistically informed perspective on price extremes combined with practical checks for overall trend and momentum. By leveraging a well-defined combination of Z-Score, EMA trend classification, RSI-based momentum gating, slope-based visualization, and a cooldown mechanic, the script reduces the occurrence of false or premature signals. Its gradient fills and optional metrics table contribute further clarity, ensuring that users can quickly assess market posture and make more confident trading decisions in real time. Disclaimer This script is intended solely for informational and educational purposes. Trading in any financial market comes with substantial risk, and there is no guarantee of success or the avoidance of loss. Historical performance does not ensure future results. Always conduct thorough research and consider professional guidance prior to making any investment or trading decisions.
Pine Script® indicator
oleh Uptrick
Vulkan Profit Overview The Vulkan Profit indicator is a trend-following tool that identifies potential entry and exit points by monitoring the relationship between short-term and long-term moving averages. It generates clear buy and sell signals when specific moving average conditions align, making it useful for traders looking to confirm trend changes across multiple timeframes. How It Works The indicator utilizes four different moving averages: Fast WMA (period 3) - A highly responsive weighted moving average Medium WMA (period 8) - A less sensitive weighted moving average Fast EMA (period 18) - A responsive exponential moving average Slow EMA (period 28) - A slower exponential moving average These moving averages are grouped into two categories: Short-term MAs: Fast WMA and Medium WMA Long-term MAs: Fast EMA and Slow EMA Signal Generation Logic The Vulkan Profit indicator generates signals based on the relative positions of these moving averages: Buy Signal (Green Triangle) A buy signal appears when the minimum value of the short-term MAs becomes greater than the maximum value of the long-term MAs. In other words, when both short-term MAs cross above both long-term MAs. Sell Signal (Red Triangle) A sell signal appears when the maximum value of the short-term MAs becomes less than the minimum value of the long-term MAs. In other words, when both short-term MAs cross below both long-term MAs. Visual Components Moving Averages - All four moving averages can be displayed or hidden Signal Arrows - Green triangles for buy signals, red triangles for sell signals Colored Line - A line that changes color based on the current market stance (green for bullish, red for bearish) Customization Options The indicator offers several customization settings: Toggle the visibility of moving averages Toggle the visibility of buy/sell signals Adjust the color, width, and position of the signal line Choose between different line styles (Line, Stepline, Histogram) Practical Trading Applications Trend Identification: The relative positioning of all moving averages helps identify the current market trend Entry/Exit Points: The buy and sell signals can be used as potential entry and exit points Trend Confirmation: The colored line provides ongoing confirmation of the trend direction Filter: Can be used in conjunction with other indicators as a trend filter Trading Strategy Suggestions Trend Following: Enter long positions on buy signals and exit on sell signals during trending markets Confirmation Tool: Use the signals to confirm trades identified by other indicators Timeframe Analysis: Apply the indicator across multiple timeframes for stronger confirmation Risk Management: Place stop-loss orders below recent swing lows for long positions and above recent swing highs for short positions Tips for Best Results The indicator performs best in trending markets and may generate false signals in ranging or highly volatile markets Consider the broader market context before taking trades based solely on these signals Use appropriate position sizing and risk management regardless of the indicator's signals The longer timeframes generally produce more reliable signals with fewer false positives The Vulkan Profit indicator combines the responsiveness of short-term averages with the stability of long-term averages to capture significant trend changes while filtering out minor price fluctuations.
Pine Script® indicator
oleh AlgoCollective
Trend Strength MeterThe Trend Strength Meter (TSM) is a powerful and versatile indicator designed to help traders identify market trends, measure their strength, and detect potential reversals with ease. This indicator combines the power of moving averages, divergence detection, and a clean, customizable dashboard to provide actionable insights for traders of all levels. How It Works Trend Strength Calculation: 1. The TSM calculates the trend strength using the difference between two Exponential Moving Averages (EMAs): a fast EMA (default: 20) and a slow EMA (default: 50). 2. The difference is expressed as a percentage of the slow EMA, providing a clear measure of the trend's strength and direction. Histogram Visualization: 1. A color-coded histogram visually represents the trend strength: Green: Bullish trend Red: Bearish trend Gray: Neutral or no significant trend 2. A smoothed trend strength line (SMA of the trend strength) is also plotted for better clarity. Divergence Detection: 1. The indicator detects bullish and bearish divergences using the RSI (Relative Strength Index) and price action. 2. Bullish Divergence: Price makes a lower low, but RSI makes a higher low, signaling potential upward momentum. 3. Bearish Divergence: Price makes a higher high, but RSI makes a lower high, signaling potential downward momentum. => Divergences are marked with arrows on the chart: Green Arrow: Bullish divergence Red Arrow: Bearish divergence Dashboard: 1. A clean and informative dashboard displays key information: Trend Strength Value: The current strength of the trend Trend Direction: Bullish, Bearish, or Neutral Last Signal: Buy, Sell, or None (based on divergence signals) The dashboard is fully customizable and can be positioned anywhere on the chart (e.g., top-right, bottom-left, center, etc.). Key Features 1. Trend Strength Measurement: Quickly identify the strength and direction of the trend. 2. Divergence Detection: Spot potential reversals before they occur with bullish and bearish divergence signals. 3. Customizable Dashboard: Move the dashboard to your preferred location on the chart for better visibility. 4. User-Friendly Design: Clean visuals and intuitive color coding make it easy to interpret market conditions. 5. Actionable Signals: Provides clear Buy/Sell signals based on divergence, helping traders make informed decisions. How to Use 1. Trend Confirmation: Use the histogram and trend strength value to confirm the current market trend. Green bars indicate a bullish trend, while red bars indicate a bearish trend. 2. Divergence Signals: Look for divergence arrows (green for bullish, red for bearish) to anticipate potential reversals. Combine divergence signals with other technical analysis tools for higher accuracy. 3. Dashboard Insights: Monitor the dashboard for real-time updates on trend strength, direction, and the latest signal. Use the "Last Signal" (Buy/Sell) to validate your trading decisions. 4. Custom Settings: Adjust the EMA lengths and divergence lookback period to suit your trading style and timeframe. Position the dashboard anywhere on the chart for convenience. Best Practices 1. Use the TSM in conjunction with other indicators or price action analysis for confirmation. 2. Test the indicator on different timeframes to find the one that works best for your strategy. 3. Always practice proper risk management when trading. Disclaimer This indicator is a tool to assist in technical analysis and should not be used as a standalone trading strategy. Past performance is not indicative of future results. Always conduct your own research and consult with a financial advisor before making trading decisions.
Pine Script® indicator
oleh darshakssc
Rainbow EMA Areas [Hypersonic]This indicator provides a nice visual representation of 6 EMA lines on your chart without adding to the clutter of other indicating lines. The starting values are 1, 9, 21, 55, 100, and 200. By default, the lines are hidden but they can be turned on in the Settings section. You can change the colors but not the gradient/transparency. There's nothing else to this indicator other than being a different visual representation of 6 EMA lines.
Pine Script® indicator
oleh Hypersonic_0
Hypersonic MAIN Intersection IndicatorIndicator that shows the intersection point of two Items of Interest. Backtesting showed the best was Candle/EMA 9. 1. I added 2 auxiliary EMA's that you can view or hide becuase I know some people like to see the EMA 200 2. You select the First and Second Item of Interest and it'll plot it in the background. First EMA and Second EMA correspond to whether you select them or not. The BWMA stuff is near the bottom. And in the middle is how you can show/hide the data table in the top-right. 3. you can show/hide different lines in the Style section 4. on the Style tab of Settings, you can turn off the whole table as well as the Trades, just the signal of the trade, or just the quantity of the trade
Pine Script® indicator
oleh Hypersonic_0
CPR BEAST with Previous Day High/Low, SMA, EMA, VWAP by MRS*Indicator Name: **CPR BEAST with EMAs, VWAP & Previous Day High/Low by Rajasekhar Muvvala** Description: This powerful indicator combines **Central Pivot Range (CPR)**, **Daily/Weekly/Monthly Pivot Points**, **Moving Averages (SMA, EMA, 200-Day EMA)**, **Volume Weighted Average Price (VWAP)**, and **Previous Day High/Low** into a single, easy-to-use tool for traders. It is designed to help traders identify key support and resistance levels, trends, and potential reversal zones across multiple timeframes. Key Features: 1. Central Pivot Range (CPR): - CPR is calculated based on daily pivot points and includes three lines: "Central Pivot (CP)", "Bottom Central Pivot (BC)", and "Top Central Pivot (TC)". - Enabled by default but can be toggled off from the settings. - Customizable colors for all three lines. 2. Daily Pivot Points: - Includes **Support (S1, S2, S3)** and **Resistance (R1, R2, R3)** levels. - Levels 1 and 2 (S1/R1, S2/R2) are enabled by default, while Level 3 (S3/R3) can be optionally displayed. - Resistance lines are red, and Support lines are green by default (colors customizable). 3. Weekly and Monthly Pivot Points: - Weekly and Monthly pivots include **Pivot**, **Support (S1, S2, S3)**, and **Resistance (R1, R2, R3)** levels. - Weekly levels are displayed as crossed (`+`) lines, while Monthly levels are displayed as circled (`o`) lines for better visual distinction. - All weekly and monthly levels are optional and can be toggled on/off. 4. Moving Averages: - Includes **Simple Moving Average (SMA)**, **Exponential Moving Average (EMA)**, and **200-Day EMA**. - Customizable lengths and colors for each moving average. - Helps identify trends and potential entry/exit points. 5. Volume Weighted Average Price (VWAP): - Displays VWAP for intraday trading. - Can be toggled on/off and customized for color. 6. Previous Day High/Low: - Highlights the "Previous Day High" and "Previous Day Low" on the chart. - Useful for identifying breakout or reversal zones. - Customizable colors for both high and low levels. 7. Visibility Settings: - All pivot points, CPR, VWAP, and previous day high/low are "hidden on daily and above timeframes" by default. - Ensures the indicator is optimized for intraday trading. 8. Customization Options: - Toggle visibility of CPR, pivot points, moving averages, VWAP, and previous day high/low. - Customize colors, lengths, and styles for all elements. - Adjust input sources for calculations (e.g., close, open, etc.). --- How to Use: Intraday Trading: Use the CPR and daily pivot points to identify key support and resistance levels. Combine these with VWAP and moving averages to confirm trends and find potential entry/exit points. Swing Trading: Use weekly and monthly pivot points to identify longer-term support and resistance zones. Breakout Trading: Monitor the previous day's high and low for potential breakout opportunities. Trend Analysis: Use the moving averages (SMA, EMA, 200-Day EMA) to identify the overall trend direction. --- Default Settings: - **CPR**: Enabled by default (Central Pivot line cannot be disabled). - **Daily Pivot Points**: Levels 1 and 2 (S1/R1, S2/R2) are enabled by default. - **Weekly/Monthly Pivot Points**: Disabled by default (can be enabled from settings). - **Moving Averages**: SMA (20), EMA (21), and 200-Day EMA are enabled by default. - **VWAP**: Enabled by default. - **Previous Day High/Low**: Enabled by default. --- Customization Options: - **CPR**: - Enable/Disable CPR lines. - Customize colors for CP, BC, and TC lines. - **Pivot Points**: - Enable/Disable daily, weekly, and monthly pivot points. - Customize colors for support and resistance levels. - **Moving Averages**: - Adjust lengths for SMA, EMA, and 200-Day EMA. - Customize colors for each moving average. - **VWAP**: - Enable/Disable VWAP. - Customize color. - **Previous Day High/Low**: - Enable/Disable previous day high/low. - Customize colors for high and low levels. --- Best Practices: 1. **Combine Indicators**: Use CPR and pivot points in conjunction with moving averages and VWAP to confirm trends and identify high-probability trading setups. 2. **Timeframe Optimization**: The indicator is designed for intraday trading, so it hides unnecessary elements on daily and above timeframes. 3. **Color Coding**: Customize colors to match your chart theme and improve readability. 4. **Backtesting**: Test the indicator on historical data to understand how it behaves in different market conditions. --- Disclaimer: This indicator is intended for educational and informational purposes only. It does not provide financial advice or guarantee profits. Always conduct your own research and consult with a professional before making trading decisions.
Pine Script® indicator
oleh mrsekhar
Adv EMA Cloud v6 (ADX, Alerts)Summary: This indicator provides a multi-faceted view of market trends using Exponential Moving Averages (EMAs) arranged in visually intuitive clouds, enhanced with an optional ADX-based range filter and configurable alerts for key market conditions. It aims to help traders quickly gauge trend alignment across short, medium, and long timeframes while filtering signals during potentially choppy market conditions. Key Features: Multiple EMAs: Displays 10-period (Fast), 20-period (Mid), and 50-period (Slow) EMAs. Long-Term Trend Filter: Includes a 200-period EMA to provide context for the overall dominant trend direction. Dual EMA Clouds: Fast/Mid Cloud (10/20 EMA): Fills the area between the 10 and 20 EMAs. Defaults to Green when 10 > 20 (bullish short-term momentum) and Red when 10 < 20 (bearish short-term momentum). Mid/Slow Cloud (20/50 EMA): Fills the area between the 20 and 50 EMAs. Defaults to Aqua when 20 > 50 (bullish mid-term trend) and Fuchsia when 20 < 50 (bearish mid-term trend). Optional ADX Range Filter: Uses the Average Directional Index (ADX) to identify potentially non-trending or choppy markets. When enabled and ADX falls below a user-defined threshold, the EMA clouds will turn grey, visually warning that trend-following signals may be less reliable. Configurable Alerts: Provides several built-in alert conditions using Pine Script's alertcondition function: Confluence Condition: Triggers when a 10/20 EMA crossover occurs while both EMA clouds show alignment (both bullish/green/aqua or both bearish/red/fuchsia) and price respects the 200 EMA filter and the ADX filter indicates a trend (if filters are enabled). MA Filter Cross: Triggers when price crosses above or below the 200 EMA filter line. Full Alignment Start: Triggers on the first bar where full bullish or bearish alignment occurs (both clouds aligned + MA filter respected + ADX trending, if filters are enabled). How It Works: EMA Calculation: Standard Exponential Moving Averages are calculated for the 10, 20, 50, and 200 periods based on the closing price. Cloud Creation: The fill() function visually shades the area between the 10 & 20 EMAs and the 20 & 50 EMAs. Cloud Coloring: The color of each cloud is determined by the relationship between the two EMAs that define it (e.g., if EMA 10 is above EMA 20, the first cloud is bullish-colored). ADX Filter Logic: The script calculates the ADX value. If the "Use ADX Trend Filter?" input is checked and the calculated ADX is below the specified "ADX Trend Threshold", the script considers the market potentially ranging. ADX Visual Effect: During detected ranging periods (if the ADX filter is active), the plotCloud12Color and plotCloud23Color variables are assigned a neutral grey color instead of their normal bullish/bearish colors before being passed to the fill() function. Alert Logic: Boolean variables track the specific conditions (crossovers, cloud alignment, filter positions, ADX state). The alertcondition() function creates triggerable alerts based on these pre-defined conditions. Potential Interpretation (Not Financial Advice): Trend Alignment: When both clouds share the same directional color (e.g., both bullish - Green & Aqua) and price is on the corresponding side of the 200 EMA filter, it may suggest a stronger, more aligned trend. Conversely, conflicting cloud colors may indicate indecision or transition. Dynamic Support/Resistance: The EMA lines themselves (especially the 20, 50, and 200) can sometimes act as dynamic levels where price might react. Range Warning: Greyed-out clouds (when ADX filter is enabled) serve as a visual warning that trend-based strategies might face increased difficulty or whipsaws. Confluence Alerts: The specific confluence alerts signal moments where multiple conditions align (crossover + cloud agreement + filters), which some traders might view as higher-probability setups. Customization: All EMA lengths (10, 20, 50, 200) are adjustable via the Inputs menu. The ADX length and threshold are configurable. The MA Trend Filter and ADX Trend Filter can be independently enabled or disabled. Disclaimer: This indicator is provided for informational and educational purposes only. Trading financial markets involves significant risk. Past performance is not indicative of future results. Always conduct your own thorough analysis and consider your risk tolerance before making any trading decisions. This indicator should be used in conjunction with other analysis methods and tools. Do not trade based solely on the signals or visuals provided by this indicator.
Pine Script® indicator
oleh epphllps
MA CloudsMA Clouds – Adaptive Moving Average Visualization (with Bollinger bands) The MA Clouds indicator is designed to help traders visualize multiple moving averages simultaneously, providing a dynamic view of trend direction, momentum, and potential support/resistance zones. This tool overlays Simple Moving Averages (SMA) and Exponential Moving Averages (EMA) in an easy-to-read cloud format, allowing traders to interpret market structure at a glance. Key Features: ✅ Customizable Moving Averages – Adjust SMA and EMA lengths to suit your strategy. ✅ Cloud-Based Visualization – Color-coded clouds between different moving averages highlight areas of potential trend shifts. ✅ Toggle Price Lines – Option to enable or disable individual price lines for a cleaner chart. ✅ Bollinger Bands Integration – Adds upper and lower bands for additional confluence in volatility analysis. ✅ Quick Trend Identification – Helps traders gauge short-term and long-term trend strength. ✅ Preset View Modes – Toggle between a simplified 5-10 SMA/EMA setup or a full multi-timeframe cloud setup with one click. This indicator is ideal for traders looking to combine trend-following strategies with dynamic support/resistance insights. Whether you're scalping intraday moves or managing longer-term swing trades, MA Clouds provides an efficient way to keep market structure in focus.
Pine Script® indicator
oleh Yanni_Nicolaides
EMA Momentum Projection# EMA Momentum Projection 20 50 200 ## Overview Visualizes the relative strength of three EMAs (20, 50, 200) through histogram projections. Measures momentum direction and intensity using slope-based calculations. ## Key Features - Multi-timeframe EMA comparison - Customizable projection horizon - Non-repainting calculations - Clear histogram visualization ## Parameters - `Projection Bars`: Forward-looking momentum estimate (1-10) - `Slope Period`: Historical window for slope calculation (2-20) ## Usage 1. Apply to any market/timeframe 2. Compare histogram heights: - Green (20EMA): Short-term momentum - Blue (50EMA): Medium-term force - Red (200EMA): Long-term bias 3. Look for alignment between timeframes ## Limitations - Works best with trending instruments - Requires confirmation with price action - Not a standalone trading system ## Educational Purpose Designed to help identify: - Momentum divergences - Trend acceleration/deceleration - Relative strength between time horizons > Combine with volume analysis and support/resistance levels for best results *This tool does not predict future prices - it estimates momentum based on historical slope calculations.
Pine Script® indicator
oleh YanisPavlik