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Mongoose Capital: BTC ETF DriftScope ProMongoose Capital: BTC ETF DriftScope Pro A proprietary indicator for monitoring drift between Bitcoin Spot (BTCUSD) and Bitcoin Spot ETFs (such as IBIT). Designed to detect ETF premium/discount zones and generate actionable Fade or Long bias signals. What it Does Tracks IBIT and BTCUSD spread to highlight ETF price deviations. Calculates correlation Z-Score for ETF/Spot alignment. Outputs numeric bias signals: Fade (1), Long (1), Neutral (1). How to Use Apply to a BTCUSD chart (4H, 1D, or higher recommended). Open the Data Window to view: IBIT Spread % Correlation Z-Score Correlation % Bias Flags (Fade, Long, Neutral) Configure alerts for Fade and Long Bias conditions. Confirm all signals with your trade plan and risk management. Methodology This tool calculates the percentage spread between IBIT and BTC Spot. A rolling Z-Score of the correlation is used to detect periods of significant divergence. Fade Bias suggests potential short setups in premium zones with high Z-Scores. Long Bias suggests potential long setups in discount zones with low Z-Scores. Disclaimer This indicator is for educational purposes only. It is not financial advice. Use at your own risk and verify signals independently.
Penunjuk Pine Script®
oleh TheRealMongoose
BUY in HASH RibbonsBUY in HASH Ribbons Indicator The BUY in HASH Ribbons indicator is designed to identify Bitcoin miner capitulation phases, often referred to as "Springs," using hash rate data. These phases signal potential buying opportunities with historically low downside risk. Built for TradingView with Pine Script v6, it visualizes hash rate trends and generates actionable signals for traders. Key Features Hash Ribbons Analysis: Tracks Bitcoin miner capitulation through the relationship between short-term (30-day) and long-term (60-day) Simple Moving Averages (SMAs) of the hash rate. Signal Visualization: Gray Circle: Marks the start of capitulation (30-day SMA crosses below 60-day SMA). White Circles: Indicate ongoing capitulation, with brighter white showing hash rate recovery (increasing short SMA). Yellow Circle: Signals the end of capitulation (30-day SMA crosses above 60-day SMA). Orange Circle: Represents a buy signal after full recovery, combining hash rate and price momentum for optimal entry. Flexible Display: Ribbons Mode: Plots the short and long SMAs as colored ribbons (red for capitulation, green for recovery). Oscillator Mode: Shows the percentage difference between short and long SMAs as a histogram (red for negative, blue for positive). Halving Events: Optionally plots Bitcoin halving dates with dashed lines and labels for context (2012, 2016, 2020, 2024). Raw Hash Rate: Option to display raw hash rate data in EH/s (exahashes per second). Alerts: Configurable alerts for capitulation, recovery, and buy signals. How It Works The indicator uses hash rate data from external sources (e.g., IntoTheBlock or Quandl) to calculate SMAs. Capitulation occurs when miners reduce activity, often during price declines, causing the short-term SMA to fall below the long-term SMA. Recovery is detected as the short-term SMA begins to rise, and a buy signal is generated when the hash rate recovers alongside bullish price action (10-day SMA crossing above 20-day SMA). Inputs Plot Type: Choose between "Ribbons" or "Oscillator" display. Hash Rate Short SMA: Default 30 days, adjustable. Hash Rate Long SMA: Default 60 days, adjustable. Plot Signals: Enable/disable signal circles (capitulation, recovery, buy). Plot Halvings: Show/hide Bitcoin halving events. Plot Raw Hash Rate: Display raw hash rate data. Source Hash Rate: Select data provider (e.g., IntoTheBlock or Quandl). Why Use It? Proven Strategy: Hash Ribbons, popularized by Capriole Investments, have historically identified strong Bitcoin buying opportunities post-capitulation. Customizable: Tailor the indicator to your trading style with adjustable SMAs and display options. Contextual Insight: Halving markers provide additional market context, as miner dynamics often shift post-halving. Real-Time Alerts: Stay informed with alerts for key events, ideal for active traders. Usage Notes Timeframe: Best used on daily charts for accurate hash rate and price SMA calculations. Data Sources: Ensure the selected hash rate source is reliable; IntoTheBlock is the default for consistency. Risk Management: Combine with other indicators (e.g., RSI, MACD) and fundamental analysis for robust trading decisions. Backtesting: Test the indicator on historical data to understand its performance in different market cycles. Credits Developed by Trader T (@thepfund). Inspired by the Hash Ribbons concept from Capriole Investments. This indicator empowers traders to capitalize on Bitcoin’s miner-driven market cycles with clear, data-driven signals. Add it to your TradingView chart and start identifying high-probability entries today!
Penunjuk Pine Script®
oleh Tin2100
Profit Sniper RSI Based Buy/Sell📌 Profit Sniper RSI – Intelligent Buy/Sell Signals Based on Adaptive RSI Zones Profit Sniper RSI is a precision-engineered indicator that generates high-confidence Buy and Sell signals by dynamically interpreting the Relative Strength Index (RSI) across five market zones. It is designed to reduce signal noise and avoid false breakouts using a combination of crossover logic, zone validation, and trend sentiment detection. 🔍 Underlying Concept: This script divides the RSI into five structured zones: - **0–24**: Power Sell (Extreme bearish momentum) - **24–40**: Sell (Weak price action with downward pressure) - **40–60**: Neutral/Consolidation (No clear trend) - **60–76**: Buy (Bullish initiation zone) - **76–100**: Power Buy (Strong bullish momentum) Signals are generated **only after the RSI crosses a zone boundary** (e.g., from below 60 to above 60), and only **after the candle closes**, which helps filter out noise from intra-bar RSI fluctuations. 📈 Signal Logic: - **Buy signals** are triggered when RSI crosses key thresholds (24, 40, or 60) upward, indicating rising strength. - **Sell signals** are triggered when RSI crosses downward below 76, 60, or 40, suggesting trend weakness or reversal. - **Power Buy and Power Sell signals** are reserved for extreme crossovers beyond 76 and below 24, respectively. - The script avoids repeated signals (e.g., Buy after Buy) by tracking the last confirmed signal state. 🔧 Customization: - Users can toggle visibility of Buy, Sell, Power Buy, and Power Sell signals independently. - Adjustable RSI length input to fit different market conditions or timeframes. - Displays a real-time info panel showing the current RSI, last signal type, the RSI level at the time of the last signal, and the price when the signal was triggered. 🧠 How It Helps Traders: - Reduces false entries by only generating signals **after candle closure**. - Designed to work across **any timeframe** and **any market** (Crypto, Forex, Stocks). - Ideal for traders who rely on **RSI-based confirmation** before entry and prefer minimal visual clutter. - Acts as a sniper tool — waiting for clear RSI structure and crossover before acting. ⚠️ Note: This script does **not repaint**. All signals are based on closed-bar RSI logic. While no indicator guarantees profitability, this tool is built for serious traders who value disciplined entries backed by momentum structure. 💡 Tip: Combine Profit Sniper RSI with key support/resistance or trendline zones for added confluence and trade precision.
Penunjuk Pine Script®
oleh cryptomoneymantra
3
Zero-Lag RSI DivergenceZero-Lag RSI Divergence Overview This indicator identifies RSI divergences in real-time without delay, providing immediate signals as price-momentum discrepancies develop. The indicator analyzes price action against RSI momentum across dual configurable periods, enabling traders to detect potential reversal opportunities with zero lag. Key Features Instant Divergence Detection : Identifies bullish and bearish divergences immediately upon formation without waiting for candle confirmation or historical validation. This eliminates signal delay but may increase false signals due to higher sensitivity. Dual Period Analysis : Configure detection across two independent cycles - Short Period (default 15) and Long Period (default 50) - allowing for multi-timeframe divergence analysis and enhanced signal validation across different market conditions. Visual Divergence Lines : Automatically draws dashed lines connecting divergence points between price highs/lows and corresponding RSI peaks/troughs, clearly illustrating the momentum-price relationship. Customizable RSI Parameters : Adjustable RSI length (default 14) allows optimization for different market volatility and trading timeframes. How It Works The indicator continuously monitors price action patterns and RSI momentum: - Bullish Divergence : Detected when price makes lower lows while RSI makes higher lows, suggesting potential upward momentum - Bearish Divergence : Identified when price makes higher highs while RSI makes lower highs, indicating potential downward momentum The algorithm uses candle color transitions and immediate RSI comparisons to trigger signals without historical repainting , ensuring backtesting accuracy and real-time reliability. How To Read Important Notes Higher Signal Frequency : The zero-lag approach increases signal sensitivity, generating more frequent alerts that may include false signals. Consider using additional confirmation methods for trade entries. Non-Repainting : All signals are generated and maintained without historical modification, ensuring consistent backtesting and forward-testing results. Input Parameters RSI Length: Period for RSI calculation (default: 14) Short/Long Periods: Lookback periods for divergence detection (default: 15/50) Line Colors: Customizable colors for short and long period divergence lines Label Settings: Optional divergence labels with custom text This indicator is designed for traders seeking immediate divergence identification across multiple timeframes while maintaining signal integrity and backtesting reliability.
Penunjuk Pine Script®
oleh dangtunglam14
RSI PotentialRSI Potential This indicator does more than just track RSI; it measures the "energy" or "fuel" left in a trend. It answers a critical question: how much further can the price move before momentum is exhausted? The key insight is that high momentum often means low potential, and vice versa. This inverse relationship is what allows the indicator to provide powerful, forward-looking signals about trend health and potential reversals. Think of it like a race car: Momentum is the car's current speed. Potential is the amount of fuel left in the tank. A car at top speed (high momentum) is burning fuel rapidly (potential is decreasing). A car just starting (low momentum) has a full tank of fuel (high potential). This indicator helps you see the fuel gauge, not just the speedometer. This indicator plots three distinct components in a separate pane below your chart: 1. Upside Potential (Green Line) What it shows: The percentage price increase required to hit the Overbought RSI Level. In other words, how much "fuel" is left for the upward trend. How to interpret it: Low Value (Approaching Zero): This is a warning sign. It means the price is already in high gear, and there is very little room left to run before hitting overbought exhaustion. Even if the price is rocketing up (high momentum), low potential signals the rally is likely on its last legs. High Value: This indicates the market has a full tank of fuel for a rally. Even if the price is moving sideways or slowly (low momentum), the high potential suggests that if a new uptrend starts, it has the energy to be sustainable and significant. 2. Downside Potential (Red Line) What it shows: The percentage price decrease required to hit the Oversold RSI Level—the "fuel" for a downtrend. How to interpret it: Low Value (Approaching Zero): A warning for bears. The price may be dropping fast (high momentum), but it's running out of energy to fall further. This signals seller exhaustion and increases the probability of a bounce or reversal. High Value: The market has significant room to fall before becoming oversold. This can confirm the health of a new downtrend or suggest that a current downtrend has more to go. 3. Net Potential (Columns / Histogram) What it shows: The net balance of energy: Upside Potential - Downside Potential. It answers, "Which side has more fuel in the tank?"
Penunjuk Pine Script®
oleh nasu_is_gaji
Intelligent Top & Bottom Finder v9.8 Keyvankh📈 Intelligent Top & Bottom Finder v9.8 Keyvankh A next-generation all-in-one trading system for precise tops, bottoms, and reversals across all timeframes. --- 🟢 Overview This indicator is a powerful and intelligent solution for detecting market tops and bottoms, key reversals, and S/R zones with institutional-grade accuracy. Designed for traders seeking an edge in any market (crypto, forex, stocks), it combines advanced candlestick recognition, multi-indicator confirmation, smart support/resistance clustering, and strict signal filtering into one seamless tool. --- 🔎 How Does It Work? 1. Advanced Support & Resistance Clustering Automatically detects and draws high-probability support and resistance zones using dynamic ATR-based pivot clustering. Highlights breakouts and retest (flip) zones in real-time, adapting to changing market structure. 2. Full Candlestick Pattern Recognition Scans for 15+ classic and advanced patterns: Engulfing, Pin Bar, Doji, Three Bar, Marubozu, Hammer, Shooting Star, Three White Soldiers, Three Black Crows, Tweezer, Morning/Evening Star, Kicker, Belt Hold, and more. Scores each pattern’s strength based on location (S/R zone, retest, breakout), volume context, and confirmation signals. 3. Multi-Indicator Confirmation Engine** Integrates and scores confirmation from up to five additional sources: RSI Games 1.2** (smoothed LTF momentum shifts) MACD Divergence** (bullish/bearish momentum reversal) QQE+ v7 Advanced** (dynamic volatility filter) OBV Trend Filter** (volume-backed trend validation) Volume Game** (net volume spike and reversal detection) Each module can be enabled or disabled to fit your personal trading style. 4. Institutional S/R and Retest Logic Real-time recognition of major trendline breaks, retest zones, and price flips. Automatic labeling and coloring of S/R zones, retest boxes, and confirmation candles. 5. Smart Buy & Sell Signal Generation** Combines all scoring modules with strict logical filters and “failsafe override” logic (guaranteeing signal on confirmed hammers, engulfings, etc. even if other filters disagree). Plots clear “BUY” and “SELL” labels only when a strong, multi-factor signal appears—minimizing noise and maximizing reliability. Built-in fallback logic (optional) for edge cases. 6. Alerts & Automation Ready TradingView alerts for all BUY, SELL, or ANY signal conditions—perfect for auto-trading or notification setups. --- *⚙️ Customizable Inputs Enable/Disable any module (RSI Games, MACD, OBV, QQE+, Candlestick Scanner, Volume Game) Minimum Confirmations** required for a signal (1–10) Pivot/Zone Sensitivity:** ATR multiplier, pivots per cluster, retest bar duration LTF (Lower Timeframe) Confirmation:** Fully configurable --- 📊 How To Use** Apply on any timeframe and symbol**—crypto, stocks, forex, indices. Use as a **standalone reversal/entry tool** or to confirm your own technical setups. Combine with your favorite momentum, trend, or volume indicators for advanced confluence. Set up **TradingView alerts** for auto-trading, Telegram/email notifications, or trade journaling. --- 🟢 What Makes This Unique? All-in-one multi-indicator fusion:** No more juggling a dozen scripts. Institutional logic:** Goes beyond basic signals with true S/R, retest, and volume logic. Full transparency:** Source code is clear and commented (if published open-source). Fast and reliable:** Optimized for minimal lag and maximum accuracy. --- ⚠️ Disclaimer** This indicator is a tool to assist with trade timing and risk management. **No system is 100% accurate.** Always use in conjunction with your own analysis and risk management practices. --- 📚 Credits & License** Created by Keyvan Khodakhah. You may use, modify, or share this script under the (mozilla.org). Please credit the original author if you fork or reuse in public. --- Questions, feedback, or collaboration? Contact: Keyvankh --- Precision in technical analysis comes from layers of confluence and discipline. This tool brings that precision to your chart.
Penunjuk Pine Script®
oleh keyvankho
13
High Selling Point Reversal V6.0Criteria combined for a "High Selling Point" signal: Best used for exiting long positions or entering shorts Overbought Condition (RSI): Purpose: Ensures the asset has had a significant run-up and is potentially exhausted. Criteria: RSI (Relative Strength Index) is above a certain threshold (e.g., 70 or 80). Bearish Candlestick Reversal Pattern: Purpose: Identifies specific price action that indicates a shift from buying to selling pressure. Criteria: We can implement detection for one or more strong bearish patterns. A good starting point would be: Bearish Engulfing: A bearish candle whose real body completely covers the previous bullish candle's real body. This is a very strong two-candle reversal signal. Shooting Star: A candle with a small real body at the lower end of the range, a long upper shadow, and little to no lower shadow. It signifies rejection of higher prices. Evening Star: A three-candle pattern: a large bullish candle, followed by a small-bodied candle (the "star"), and then a large bearish candle. This is a powerful top reversal. Negative Divergence (Optional but powerful): Purpose: Indicates weakening momentum despite price continuing to rise, suggesting underlying weakness. Criteria: Price makes a higher high, but a momentum oscillator (like RSI or MACD) makes a lower high. Combine with other indicators for confluence
Penunjuk Pine Script®
oleh SummonK76
Triangular Fib🔍 Features - Dynamic Lookback & Projection: Automatically adjusts the range and projection horizon based on timeframe changes. - Triangular Fibonacci Arms: Projects fib levels upward and downward from high/low extremes to highlight potential price inflections. - Volatility-Shaded Equilibrium: Visual zone highlights areas of consolidation or energy buildup before breakouts. - Breakout Alerts: Detects and signals bullish/bearish breakouts from triangular fib thresholds. - Auto-Traced Triangle Wedge: Dotted wedge lines visually represent narrowing price action from range extremes to midpoint. Ideal for traders who seek visual clarity, price symmetry, and alert-driven decision-making across multiple timeframes. Whether you're swing trading or intraday scouting, this script provides a richly layered roadmap of market potential. Not financial advice.
Penunjuk Pine Script®
oleh ximi-imibitty
4
9 EMA Cross 21 EMA Strategy - 1H with 5% TPThe 21/9 EMA crossover strategy is a powerful trend-following method where a buy signal is triggered when the 9 EMA crosses above the 21 EMA, indicating bullish momentum. It works best in trending markets, especially when combined with filters like the 100 EMA to avoid choppy zones. Traders can enhance performance by entering on EMA retests, using a fixed 35-point stop-loss, and setting a 5–8% take profit. This strategy shines on 15-minute to 1-hour charts and can yield massive returns—sometimes up to 300%—when used with discipline and proper risk management. Follow me for more crazy setups!
Strategi Pine Script®
oleh alwinsunny2017
Hidden Markov ModelOverview This model uses a Hidden Markov Model to identify and predict market regimes in real-time. It is designed to probabilistically identify market regime changes and predict potential reversal point using a forward algorithm to calculate the probability of a state. Unlike traditional technical indicators that rely on price patterns or moving averages, this HMM analyses the underlying statistical structure of market movements to detect when the market transitions between different behavioural states such as trending, ranging, or volatile periods How it works The HMM assumes that market behavior follows hidden states that aren't directly observable, but can be inferred from observable market data (emissions). The model uses a (somewhat simplified) Bayesian inference to estimate these probabilities. State 0: (Normal Trading): Market continuation patterns, balanced buying/selling State 1: (Top Formation): Exhaustion patterns at price highs State 2: (Bottom Formation): Capitulation patterns at price lows How to use 1) Identify the trend (you can also use it counter-trend) 2) For longing, look for a green arrow. The probability values should be red. For shorting, look for a red arrow. The probability values should be green 3) For added confluence, look for high probability values of above 25%. Advantages and what makes it unique Unlike moving averages or oscillators that react to price changes, the HMM proactively identifies the underlying market structure. This forward-looking approach can signal regime changes before they become apparent in price action, providing traders with an informational edge.
Penunjuk Pine Script®
oleh stormeta
3
Smart RSI Divergence PRO | Auto Lines + Alerts Smart RSI Divergence PRO This indicator automatically finds RSI divergences on price charts: 🔹 Detects both regular & hidden divergences 🔹 Draws auto trendlines connecting swing highs & lows 🔹 Clear triangle labels directly on the chart 🔹 Ready-to-use alerts for your strategy Use it to spot potential trend reversals and hidden continuation signals. How it works Regular Divergence: Price makes a higher high (or lower low) while RSI does not — this can signal a possible trend reversal. Hidden Divergence: Price makes a lower high (or higher low) while RSI makes a higher high (or lower low) — this can signal a possible trend continuation in the same direction. Auto Lines & Labels The script automatically detects local swing highs and lows and draws connecting trendlines on price. Labels appear on the chart as colored triangles, so signals are easy to see at a glance: 🔻 Red triangle — Regular Bearish Divergence (potential short) 🟠 Orange triangle — Hidden Bearish Divergence (possible trend continuation down) 🟢 Green triangle — Regular Bullish Divergence (potential long) 🔵 Blue triangle — Hidden Bullish Divergence (possible trend continuation up) Customization You can adjust: RSI length Show/hide regular or hidden divergences Show/hide auto lines and labels Customize line width and transparency Works on any market and any timeframe — crypto, forex, indices, stocks. ⚠️ Disclaimer: This script is for educational purposes only and does not constitute financial advice. Always test any strategy thoroughly and trade at your own risk.
Penunjuk Pine Script®
oleh artemka3091
Smart Price Divergence (MACD Filter) + EMA Smart MACD Price Divergence + EMA This indicator automatically spots price divergences filtered by MACD momentum and trend direction with an adjustable EMA: 🔹 Detects regular bullish & bearish divergences 🔹 Filters signals using a simple EMA trend filter 🔹 Clear triangle labels on the chart 🔹 Ready-to-use alerts for your strategy Use it to catch potential reversal points when the trend may be losing strength. How it works Bearish Divergence: Price makes a higher high above the EMA while MACD makes a lower high → possible reversal down. Bullish Divergence: Price makes a lower low below the EMA while MACD makes a higher low → possible reversal up. EMA filter: Helps identify when the market is overextended relative to its trend. The indicator uses standard MACD settings (fast, slow, and signal lengths) which can be adjusted to fit your asset and timeframe. The EMA length is also fully customizable. Signal colors 🔻 Red triangle — Bearish Price Divergence (potential short) 🔺 Green triangle — Bullish Price Divergence (potential long) This script works on any timeframe and market — crypto, forex, indices, or stocks. Signals do not repaint once confirmed. ⚠️ Disclaimer: This script is for educational purposes only and does not constitute financial advice. Always test any strategy thoroughly and trade at your own risk.
Penunjuk Pine Script®
oleh artemka3091
Rifle UnifiedThis script is designed for use on 30-second charts of Dow Jones-related symbols (YM, MYM, US30). It provides automated buy and sell signals using a combination of price action, RSI (Relative Strength Index), and volume analysis. The script is intended for both live trading signals and backtesting, with configurable risk management and debugging features. Core Functionality 1. Signal Generation Logic Trigger: The algorithm looks for a sharp price move (drop or rise) of a user-defined threshold (default: 80 points) within a specified lookback window (default: 20 minutes). Levels: It monitors for price drops below specific numerical levels ending in 23, 43, or 73 (e.g., 42223, 42273). RSI Condition: When price falls below one of these levels and the RSI is below 30, the setup is considered active. Buy Signal: A buy is triggered if, after setup: Price rises back above the level, The RSI rate of change (ROC) indicates exhaustion of the drop, The current bar shows positive momentum. 2. Trade Management Stop Loss & Take Profit: Configurable fixed or trailing stop loss and take profit levels are plotted and managed automatically. Exit Signals: The script signals exit based on price action relative to these risk management levels. 3. Filters & Enhancements Parabolic Move Filter: Prevents entries during extreme price moves. Dead Cat Bounce Filter: Avoids false signals after sharp reversals. Volume Filter: Optionally requires volume conditions for trade entries (especially for shorts). Multiple Confirmation Layers : Includes checks for 5-minute RSI, momentum, and price retracement. User Inputs & Customization Trade Direction: Toggle between LONG and SHORT signal generation. Trigger Settings: Adjust thresholds for price moves, lookback windows, RSI ROC, and volume requirements. Trade Settings: Set take profit, stop loss, and trailing stop behavior. Debug & Visualization: Enable or disable various plots, labels, and debug tables for in-depth analysis. Backtesting: Integrated backtester with summary and detailed statistics tables. Technical Features Uses External Libraries: Relies on RifleShooterLib for core logic and BackTestLib for backtesting and statistics. Multi-timeframe Analysis: Incorporates both 30-second and 5-minute RSI calculations. Chart Annotations: Plots entry/exit points, risk levels, and debug information directly on the chart. Alert Conditions: Built-in alert triggers for key events (initial move, stall, entry). Intended Use Markets: Dow Jones symbols (YM, MYM, US30, or US30 CFD). Timeframe: 30-second chart. Purpose: Automated signal generation for discretionary or algorithmic trading, with robust risk management and backtesting support. Notable Customization & Extension Points Momentum Calculation: Plans to replace the current momentum measure with "sqz momentum". Displacement Logic: Future update to use "FVG concept" for displacement. High-Contrast RSI: Optional visual enhancements for RSI extremes. Time-based Stop: Consideration for adding a time-based stop mechanism. This script is highly modular, with extensive user controls, and is suitable for both live trading and historical analysis of Dow Jones index movements
Penunjuk Pine Script®
oleh BlueMagicTrading
Market Strenght PRO by javicdc 💥 Market Strength PRO by javicdc Who's dominating the market right now? This indicator gives you the answer in real time using a custom system to measure buying and selling pressure, filtered by EMA 200 and RSI 14 to highlight only the most reliable market moments. ✅ What does this indicator offer? 🔹 Dynamic calculation of market strength based on volume and candle body size 🔹 Visual zones in green or red based on buyer/seller dominance 🔹 Top diagnostic label with clear readings:     🟢 Extreme Buy – ✅ Buyer Dominance – 🔻 Seller Dominance – 🔴 Extreme Sell 🔹 Dynamic background that adjusts with the real market strength 🔹 Smart filter mode: only displays values when trend confirmation is valid (via RSI & EMA200) 🔹 Customizable: choose between SMA or EMA smoothing and toggle filter mode on/off 🧪 How to interpret it? Strength > 50 → strong buying pressure Strength < -50 → strong selling pressure Between -20 and +20 → neutral or indecision zone The filters ensure signals only appear with true trend confirmation, reducing false positives. 📈 Ideal for: Scalping, intraday or swing trading across all assets: Forex, crypto, indices or stocks. Works on all timeframes. 📌 Created by Javier Carrasco (@javicdc) — if you find it useful, don’t forget to like and follow for more technical analysis tools.
Penunjuk Pine Script®
oleh javicdc82
1
OA - RS HistogramOA - RS Histogram Indicator This indicator displays a histogram representation of Relative Strength (RS) analysis, helping traders visualize the momentum relationship between a security and a reference index. Key Features: RS Histogram: Shows the difference between the current RS ratio and its EMA smoothed line Customizable Reference Index: Default set to XU100, but can be changed to any index EMA Smoothing: Adjustable EMA period (default 21) for trend analysis Visual Clarity: Histogram bars are colored aqua for positive values and purple for negative values Zero Line Reference: Dotted gray line for easy identification of positive/negative zones How It Works: The indicator calculates the relative strength by comparing the normalized percentage changes of the current security against the selected reference index. A 5-period EMA is applied to the RS ratio, and then the difference between this smoothed RS line and a longer EMA (default 21 periods) is displayed as a histogram. Technical Calculation: Fetches reference index data with proper gap handling Calculates normalized percentage changes for both security and index Computes relative strength ratio Applies EMA smoothing to reduce noise Displays the difference as a histogram for clear momentum visualization Customization Options: Reference index selection (default: XU100) EMA length adjustment (default: 21 periods) Color customization for positive and negative histogram bars Alert Conditions: Histogram crossing above zero (potential bullish momentum shift) Histogram crossing below zero (potential bearish momentum shift) Usage: This tool helps traders understand relative strength concepts through visual histogram representation. The zero-line crossovers can indicate momentum shifts in the security relative to the chosen benchmark index.
Penunjuk Pine Script®
oleh onurag
3
Chaikin Oscillator Enhanced📊 What Is the Chaikin Oscillator? The Chaikin Oscillator is a momentum indicator that helps traders understand the strength of buying and selling pressure in the market, based on volume and price movement. It is calculated as the difference between two moving averages (short-term and long-term) of the Accumulation/Distribution Line (A/D Line). This line combines price and volume to show whether money is flowing into or out of an asset. ________________________________________ 🧠 Simple Concept • When big traders are buying, they usually do so with volume support—the Chaikin Oscillator picks this up. • When volume is rising but price is falling, or vice versa, it shows hidden strength or weakness. So, this indicator helps you see what the smart money is doing, even if the price isn’t moving much. ________________________________________ 🛠️ How It Works • Oscillator Value Above Zero → More buying pressure (bullish). • Oscillator Value Below Zero → More selling pressure (bearish). • Crossing above zero → A potential buy signal. • Crossing below zero → A potential sell signal. The histogram (vertical bars) in the indicator changes color: • Green bars = Positive momentum. • Red bars = Negative momentum. ________________________________________ 🎯 How Traders Use It for Entry and Exit ✅ For Entries: • Buy Entry: When the oscillator crosses above the zero line and the bars turn green, it means buyers are stepping in with volume. • For better confirmation, combine it with price breaking above a resistance level. ❌ For Exits or Shorts: • Sell Exit or Short Entry: When the oscillator crosses below the zero line and bars turn red, it suggests selling pressure is growing. • If the price is also below support, it’s a stronger signal. ________________________________________ 🔍 Example Use Case: 1. You’re watching a stock or crypto that's been going sideways. 2. Suddenly, the Chaikin Oscillator crosses above zero, and green bars appear. 3. That’s your early clue that big buyers might be entering. 4. If price confirms this with a breakout, you can enter a long position. ________________________________________ 🌐 Where Is It Useful? The Chaikin Oscillator is great for: • Stocks (especially volume-heavy large caps) • ETFs • Cryptocurrency (on exchanges that provide volume data) • Forex – less reliable unless volume is proxy-based ⚠️ Important: It won’t work well on instruments where volume data is missing or unreliable (like some CFDs or synthetic assets). ________________________________________ 🧭 Pro Tips for Using It: • Combine it with support/resistance, moving averages, or candlestick patterns. • Avoid trading only based on this indicator—use it as confirmation. • Use the alerts (added in the script) so you don’t miss key movements. ________________________________________
Penunjuk Pine Script®
oleh SupertradeOfficial
Internal Candle Strength [LuxAlgo]The Internal Candle Strength tool allows traders to divide each chart bar into multiple rows of custom size and inspect the strength of the lower timeframes trends located within each row. This tool effectively helps traders in identifying the power dynamic between bulls and bears within multiple areas within each bar, providing the ability to conduct LTF analysis. 🔶 USAGE The strength displayed within each row ranges from 0% to 100%, with 0% being the most bearish and 100% being the most bullish. Traders should be aware of the extreme probabilities located at the higher/lower end of the bars, as this can signal a change in strength and price direction. Traders can select the lower timeframe to pull the data from or the row size in the scale of the chart. Selecting a lower timeframe will provide more data to evaluate an area's strength. Do note that only a timeframe lower than the chart timeframe should be selected. 🔹 Row Size Selecting a smaller row size will increase the number of rows per bar, allowing for a more detailed analysis. A lower value will also generally mean that less data will be considered when calculating the strength of a specific area. As we can see on the chart above (all BTCUSD 30m), by selecting a different row size, traders can control how many rows are displayed per bar. 🔶 SETTINGS Timeframe: Lower timeframe used to calculate the candle strength. Row Size: Size of each row on the chart scale, expressed as a fraction of the candle range.
Penunjuk Pine Script®
oleh LuxAlgo
11