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Typical Price BiasTypical Price Bias (TPB) is a normalized bias oscillator designed to quantify closing pressure relative to a bar’s typical price (HL2 = (High + Low)/2), while reducing noise through selectable moving-average smoothing. What it measures For each length, TPB computes: Bias=( MA(close)−MA(HL2) ) / HL2t−1 This represents the smoothed tendency for price to close above or below typical price, scaled by the prior bar’s HL2 to produce a stable, percent-like oscillator across different markets. Plots Fast Bias (fast length): responsive bias component used to observe short-term pressure. Baseline (slow length): slower bias component used as a regime/trend context line. Zero line: neutral boundary. Above zero = bullish close bias; below zero = bearish close bias. Visual encoding Fast Bias coloring reflects: Sign (above/below zero), and Slope (increasing vs decreasing), helping you visually separate strengthening vs weakening bias. Practical interpretation Regime: Baseline > 0 suggests bullish conditions; Baseline < 0 suggests bearish conditions. Confirmation: Fast Bias staying on the same side of zero as the Baseline supports continuation. Early warning: Fast Bias turning down (while still above zero) can precede weakening momentum; similarly for upside turns below zero. Notes This indicator is not a complete trading system; it is best used as a filter/confirmation tool alongside structure, trend, or volatility context.
Penunjuk Pine Script®
oleh refik_tu
Volatility Regime Supertrend [SeerQuant]Volatility Regime Supertrend (VRST) The Volatility Regime Supertrend (VRST) is an adaptive Supertrend that changes its trailing behavior based on whether the market is historically compressed or expanded in volatility. It keeps the familiar Supertrend structure (ATR-based trailing bands + trend direction flips), but replaces the “one-size-fits-all” multiplier with a regime-aware multiplier that tightens during squeezes and widens during volatility expansions. ⚙️ How It Works VRST first measures volatility using Bollinger Bandwidth, then ranks the current bandwidth against its own history to get a 0–100 “how compressed vs expanded” score. Low scores mean compression; high scores mean expansion. That score controls the ATR multiplier used by the Supertrend, and the multiplier is smoothed so band width transitions don’t jump. Then VRST calculates a normal Supertrend, with one extra control: Speed. Speed adjusts how quickly the trailing bands track their new positions, letting you choose between smoother behavior and faster reaction. Trend direction flips when price breaks the prior band, and signals only print on those flips. Key mechanics: Volatility regime = Bollinger Bandwidth ranked vs history Multiplier adapts: compression → tighter, expansion → wider, mid-zone → blended Bands are ATR-based and use standard Supertrend trailing logic Speed controls band responsiveness (slow/smooth → fast/reactive) 🚀 Why It’s Useful VRST is meant to stop you from forcing one Supertrend setting across every market condition. It changes band width with volatility so the same indicator can behave sensibly in both tight ranges and fast moves, while still remaining a clean “trend state” tool (bull/bear + flip signals). 📜 Disclaimer This indicator is for educational purposes only and does not constitute financial advice. Past performance does not guarantee future results. Always consult a licensed financial advisor before making trading decisions. Use at your own risk.
Penunjuk Pine Script®
oleh SeerQuant
EOB Area - Enhanced Order Block TheoryWhat is this tool? The EOB Area indicator identifies "Extreme Body Break" (EOB) setups—a particularly strong variation of the classic Engulfing pattern that signals an immediate shift in momentum. Unlike a standard engulfing pattern, an EOB requires the body of the current candle to close beyond the wick (extreme high/low) of the previous candle. In addition to the signal, the tool automatically draws Support & Resistance Zones based on the broken candle structure. These zones are now fully dynamic and adjustable to fit your trading style (e.g., focusing only on the wick or the entire body). How does the strategy work? An EOB (Extreme Body Break) occurs when the market reverses with high volume and conviction: 📈 Bullish EOB: A green candle closes with its Body above the High of the previous red candle. 📉 Bearish EOB: A red candle closes with its Body below the Low of the previous green candle. This behavior signals that buyers (or sellers) have taken full control, overcoming even the most extreme price levels of the previous period. Key Features & Settings 1. Zone Display Mode (New!) You can now control exactly how the Order Block / Zone is drawn based on your strategy: Entire Candle: Marks the full range (High to Low) of the previous candle. Best for conservative stop placements. Body + Wick (Default): Marks the area from the Wick to the Body. Bullish: Previous High to Close. Bearish: Previous Close to Low. Wick Only: Marks only the wick area. Ideal for precise "sniper" entries on re-tests. 2. Violation Filter (Auto-Cleanup) To keep your chart clean, the indicator features a "Violation" logic (Hide Violated EOB Zones). If enabled: Once price breaks through the opposite side of a drawn zone (invalidating it), the box is automatically deleted from the chart. You only see zones that are still fresh and respected. 3. Integrated Alerts The indicator is fully integrated with TradingView's alert system. When creating an alert, you can specifically choose: Only Bullish Signals Only Bearish Signals All Signals (Bull & Bear) How to use this in trading Reversals: Look for EOB signals at key higher-timeframe Support/Resistance levels. Trend Continuation: An EOB forming in the direction of the trend after a pullback is a high-probability continuation signal. Re-Tests: The boxes drawn by the indicator often act as magnets. Price frequently returns to "test" these zones before continuing, offering excellent entry opportunities. Disclaimer: This tool is for educational purposes and technical analysis only. Past performance does not guarantee future results. Always use proper risk management.
Penunjuk Pine Script®
oleh TGreis
Alg0 Hal0 Crypto RVWAP🛠 Indicator Overview The Crypto RVWAP Momentum Dashboard is built to help intraday traders identify the "Fair Value" of an asset while simultaneously quantifying the strength of the current trend using a normalized slope percentage. 1. The Rolling VWAP Line The core line represents the volume-weighted average price over a user-defined number of bars (default: 20). Bullish (Lime): The line is sloping upward ($RVWAP > RVWAP_{prev}$), indicating increasing value. Bearish (Red): The line is sloping downward ($RVWAP < RVWAP_{prev}$), indicating decreasing value. 2. The Momentum Dashboard (Top-Right) The dashboard provides a real-time look at the Slope %, which is the percentage change of the RVWAP over a 5-bar window. Current Slope: The momentum of the active candle. Prev 1, 2, 3: Historic momentum values from the previous three bars. Why it matters: It allows you to see if a trend is accelerating (values getting larger) or exhaust ing (values shrinking) before the price action actually changes direction. 3. Confirmed Cross Labels The script automatically plots UP and DOWN labels when a candle closes on the opposite side of the RVWAP. To keep the chart clean, only the two most recent crossing events are displayed. These signals are confirmed on the bar close to prevent "repainting" or false signals during mid-candle volatility. 📈 How to Trade with this SystemStrategy A: Trend Following (Momentum)Entry: Wait for a "CROSS UP" label. Confirmation: Look at the Dashboard. If Current Slope is higher than Prev 1, momentum is building. Exit: Exit when the RVWAP line turns Red or when the Slope % in the dashboard drops sig nificantly (e.g., from 0.08% to 0.01%). Strategy B: Mean Reversion (The "Rubber Band" Trade ) In crypto, price rarely stays far from the RVWAP for long. If the price is significantly above RVWAP and the Slope % begins to decrease (e.g., 0.15% → 0.10% → 0.05%), the price is likely to "snap back" to the line. Traders use the line as a target for take-profits or as a "Buy the Dip" zone in a strong uptrend. ⚙️ Technical Settings RVWAP Lookback: Adjust this based on your timeframe. On a 5m chart, 20 covers ~1.5 hours. For a "daily" feel, use 288. Slope Lookback: The window used to calculate the % change. 5 is ideal for catching short-term pivots. Dashboard Scaling: The UI is pre-scaled with Large Headers and Normal Body Text for high readabilit y on 4K or mobile screens. ⚠️ Important Confirmed Closes: This indicator is logic-locked to the Bar Close. Do not enter a trade until the 5-minute candle has physically finished and the label appears. Alerts: Users should set TradingView alerts to "Once Per Bar Close" to match the script's internal logic. Market Context: In a completely flat market (Slope near 0.000%), avoid trading the crosses, as these are "No-Trade" zones prone to sideways cho p. Enjoy! Alg0 ۞ Hal0
Penunjuk Pine Script®
oleh inspyr24
arraysLibrary "arrays" Supplementary array methods. method delete(arr, index)   remove int object from array of integers at specific index   Namespace types: array   Parameters:      arr (array) : int array      index (int) : index at which int object need to be removed   Returns: void method delete(arr, index)   remove float object from array of float at specific index   Namespace types: array   Parameters:      arr (array) : float array      index (int) : index at which float object need to be removed   Returns: float method delete(arr, index)   remove bool object from array of bool at specific index   Namespace types: array   Parameters:      arr (array) : bool array      index (int) : index at which bool object need to be removed   Returns: bool method delete(arr, index)   remove string object from array of string at specific index   Namespace types: array   Parameters:      arr (array) : string array      index (int) : index at which string object need to be removed   Returns: string method delete(arr, index)   remove color object from array of color at specific index   Namespace types: array   Parameters:      arr (array) : color array      index (int) : index at which color object need to be removed   Returns: color method delete(arr, index)   remove chart.point object from array of chart.point at specific index   Namespace types: array   Parameters:      arr (array) : chart.point array      index (int) : index at which chart.point object need to be removed   Returns: void method delete(arr, index)   remove line object from array of lines at specific index and deletes the line   Namespace types: array   Parameters:      arr (array) : line array      index (int) : index at which line object need to be removed and deleted   Returns: void method delete(arr, index)   remove label object from array of labels at specific index and deletes the label   Namespace types: array   Parameters:      arr (array) : label array      index (int) : index at which label object need to be removed and deleted   Returns: void method delete(arr, index)   remove box object from array of boxes at specific index and deletes the box   Namespace types: array   Parameters:      arr (array) : box array      index (int) : index at which box object need to be removed and deleted   Returns: void method delete(arr, index)   remove table object from array of tables at specific index and deletes the table   Namespace types: array   Parameters:      arr (array) : table array      index (int) : index at which table object need to be removed and deleted   Returns: void method delete(arr, index)   remove linefill object from array of linefills at specific index and deletes the linefill   Namespace types: array   Parameters:      arr (array) : linefill array      index (int) : index at which linefill object need to be removed and deleted   Returns: void method delete(arr, index)   remove polyline object from array of polylines at specific index and deletes the polyline   Namespace types: array   Parameters:      arr (array) : polyline array      index (int) : index at which polyline object need to be removed and deleted   Returns: void method popr(arr)   remove last int object from array   Namespace types: array   Parameters:      arr (array) : int array   Returns: int method popr(arr)   remove last float object from array   Namespace types: array   Parameters:      arr (array) : float array   Returns: float method popr(arr)   remove last bool object from array   Namespace types: array   Parameters:      arr (array) : bool array   Returns: bool method popr(arr)   remove last string object from array   Namespace types: array   Parameters:      arr (array) : string array   Returns: string method popr(arr)   remove last color object from array   Namespace types: array   Parameters:      arr (array) : color array   Returns: color method popr(arr)   remove last chart.point object from array   Namespace types: array   Parameters:      arr (array) : chart.point array   Returns: void method popr(arr)   remove and delete last line object from array   Namespace types: array   Parameters:      arr (array) : line array   Returns: void method popr(arr)   remove and delete last label object from array   Namespace types: array   Parameters:      arr (array) : label array   Returns: void method popr(arr)   remove and delete last box object from array   Namespace types: array   Parameters:      arr (array) : box array   Returns: void method popr(arr)   remove and delete last table object from array   Namespace types: array   Parameters:      arr (array) : table array   Returns: void method popr(arr)   remove and delete last linefill object from array   Namespace types: array   Parameters:      arr (array) : linefill array   Returns: void method popr(arr)   remove and delete last polyline object from array   Namespace types: array   Parameters:      arr (array) : polyline array   Returns: void method shiftr(arr)   remove first int object from array   Namespace types: array   Parameters:      arr (array) : int array   Returns: int method shiftr(arr)   remove first float object from array   Namespace types: array   Parameters:      arr (array) : float array   Returns: float method shiftr(arr)   remove first bool object from array   Namespace types: array   Parameters:      arr (array) : bool array   Returns: bool method shiftr(arr)   remove first string object from array   Namespace types: array   Parameters:      arr (array) : string array   Returns: string method shiftr(arr)   remove first color object from array   Namespace types: array   Parameters:      arr (array) : color array   Returns: color method shiftr(arr)   remove first chart.point object from array   Namespace types: array   Parameters:      arr (array) : chart.point array   Returns: void method shiftr(arr)   remove and delete first line object from array   Namespace types: array   Parameters:      arr (array) : line array   Returns: void method shiftr(arr)   remove and delete first label object from array   Namespace types: array   Parameters:      arr (array) : label array   Returns: void method shiftr(arr)   remove and delete first box object from array   Namespace types: array   Parameters:      arr (array) : box array   Returns: void method shiftr(arr)   remove and delete first table object from array   Namespace types: array   Parameters:      arr (array) : table array   Returns: void method shiftr(arr)   remove and delete first linefill object from array   Namespace types: array   Parameters:      arr (array) : linefill array   Returns: void method shiftr(arr)   remove and delete first polyline object from array   Namespace types: array   Parameters:      arr (array) : polyline array   Returns: void method push(arr, val, maxItems)   add int to the end of an array with max items cap. Objects are removed from start to maintain max items cap   Namespace types: array   Parameters:      arr (array) : int array      val (int) : int object to be pushed      maxItems (int) : max number of items array can hold   Returns: int method push(arr, val, maxItems)   add float to the end of an array with max items cap. Objects are removed from start to maintain max items cap   Namespace types: array   Parameters:      arr (array) : float array      val (float) : float object to be pushed      maxItems (int) : max number of items array can hold   Returns: float method push(arr, val, maxItems)   add bool to the end of an array with max items cap. Objects are removed from start to maintain max items cap   Namespace types: array   Parameters:      arr (array) : bool array      val (bool) : bool object to be pushed      maxItems (int) : max number of items array can hold   Returns: bool method push(arr, val, maxItems)   add string to the end of an array with max items cap. Objects are removed from start to maintain max items cap   Namespace types: array   Parameters:      arr (array) : string array      val (string) : string object to be pushed      maxItems (int) : max number of items array can hold   Returns: string method push(arr, val, maxItems)   add color to the end of an array with max items cap. Objects are removed from start to maintain max items cap   Namespace types: array   Parameters:      arr (array) : color array      val (color) : color object to be pushed      maxItems (int) : max number of items array can hold   Returns: color method push(arr, val, maxItems)   add chart.point to the end of an array with max items cap. Objects are removed and deleted from start to maintain max items cap   Namespace types: array   Parameters:      arr (array) : chart.point array      val (chart.point) : chart.point object to be pushed      maxItems (int) : max number of items array can hold   Returns: chart.point method push(arr, val, maxItems)   add line to the end of an array with max items cap. Objects are removed and deleted from start to maintain max items cap   Namespace types: array   Parameters:      arr (array) : line array      val (line) : line object to be pushed      maxItems (int) : max number of items array can hold   Returns: line method push(arr, val, maxItems)   add label to the end of an array with max items cap. Objects are removed and deleted from start to maintain max items cap   Namespace types: array   Parameters:      arr (array) : label array      val (label) : label object to be pushed      maxItems (int) : max number of items array can hold   Returns: label method push(arr, val, maxItems)   add box to the end of an array with max items cap. Objects are removed and deleted from start to maintain max items cap   Namespace types: array   Parameters:      arr (array) : box array      val (box) : box object to be pushed      maxItems (int) : max number of items array can hold   Returns: box method push(arr, val, maxItems)   add table to the end of an array with max items cap. Objects are removed and deleted from start to maintain max items cap   Namespace types: array   Parameters:      arr (array) : table array      val (table) : table object to be pushed      maxItems (int) : max number of items array can hold   Returns: table method push(arr, val, maxItems)   add linefill to the end of an array with max items cap. Objects are removed and deleted from start to maintain max items cap   Namespace types: array   Parameters:      arr (array) : linefill array      val (linefill) : linefill object to be pushed      maxItems (int) : max number of items array can hold   Returns: linefill method push(arr, val, maxItems)   add polyline to the end of an array with max items cap. Objects are removed and deleted from start to maintain max items cap   Namespace types: array   Parameters:      arr (array) : polyline array      val (polyline) : polyline object to be pushed      maxItems (int) : max number of items array can hold   Returns: polyline method unshift(arr, val, maxItems)   add int to the beginning of an array with max items cap. Objects are removed from end to maintain max items cap   Namespace types: array   Parameters:      arr (array) : int array      val (int) : int object to be unshift      maxItems (int) : max number of items array can hold   Returns: int method unshift(arr, val, maxItems)   add float to the beginning of an array with max items cap. Objects are removed from end to maintain max items cap   Namespace types: array   Parameters:      arr (array) : float array      val (float) : float object to be unshift      maxItems (int) : max number of items array can hold   Returns: float method unshift(arr, val, maxItems)   add bool to the beginning of an array with max items cap. Objects are removed from end to maintain max items cap   Namespace types: array   Parameters:      arr (array) : bool array      val (bool) : bool object to be unshift      maxItems (int) : max number of items array can hold   Returns: bool method unshift(arr, val, maxItems)   add string to the beginning of an array with max items cap. Objects are removed from end to maintain max items cap   Namespace types: array   Parameters:      arr (array) : string array      val (string) : string object to be unshift      maxItems (int) : max number of items array can hold   Returns: string method unshift(arr, val, maxItems)   add color to the beginning of an array with max items cap. Objects are removed from end to maintain max items cap   Namespace types: array   Parameters:      arr (array) : color array      val (color) : color object to be unshift      maxItems (int) : max number of items array can hold   Returns: color method unshift(arr, val, maxItems)   add chart.point to the beginning of an array with max items cap. Objects are removed and deleted from end to maintain max items cap   Namespace types: array   Parameters:      arr (array) : chart.point array      val (chart.point) : chart.point object to be unshift      maxItems (int) : max number of items array can hold   Returns: chart.point method unshift(arr, val, maxItems)   add line to the beginning of an array with max items cap. Objects are removed and deleted from end to maintain max items cap   Namespace types: array   Parameters:      arr (array) : line array      val (line) : line object to be unshift      maxItems (int) : max number of items array can hold   Returns: line method unshift(arr, val, maxItems)   add label to the beginning of an array with max items cap. Objects are removed and deleted from end to maintain max items cap   Namespace types: array   Parameters:      arr (array) : label array      val (label) : label object to be unshift      maxItems (int) : max number of items array can hold   Returns: label method unshift(arr, val, maxItems)   add box to the beginning of an array with max items cap. Objects are removed and deleted from end to maintain max items cap   Namespace types: array   Parameters:      arr (array) : box array      val (box) : box object to be unshift      maxItems (int) : max number of items array can hold   Returns: box method unshift(arr, val, maxItems)   add table to the beginning of an array with max items cap. Objects are removed and deleted from end to maintain max items cap   Namespace types: array   Parameters:      arr (array) : table array      val (table) : table object to be unshift      maxItems (int) : max number of items array can hold   Returns: table method unshift(arr, val, maxItems)   add linefill to the beginning of an array with max items cap. Objects are removed and deleted from end to maintain max items cap   Namespace types: array   Parameters:      arr (array) : linefill array      val (linefill) : linefill object to be unshift      maxItems (int) : max number of items array can hold   Returns: linefill method unshift(arr, val, maxItems)   add polyline to the beginning of an array with max items cap. Objects are removed and deleted from end to maintain max items cap   Namespace types: array   Parameters:      arr (array) : polyline array      val (polyline) : polyline object to be unshift      maxItems (int) : max number of items array can hold   Returns: polyline method isEmpty(arr)   checks if an int array is either null or empty   Namespace types: array   Parameters:      arr (array) : int array   Returns: bool method isEmpty(arr)   checks if a float array is either null or empty   Namespace types: array   Parameters:      arr (array) : float array   Returns: bool method isEmpty(arr)   checks if a string array is either null or empty   Namespace types: array   Parameters:      arr (array) : string array   Returns: bool method isEmpty(arr)   checks if a bool array is either null or empty   Namespace types: array   Parameters:      arr (array) : bool array   Returns: bool method isEmpty(arr)   checks if a color array is either null or empty   Namespace types: array   Parameters:      arr (array) : color array   Returns: bool method isEmpty(arr)   checks if a chart.point array is either null or empty   Namespace types: array   Parameters:      arr (array) : chart.point array   Returns: bool method isEmpty(arr)   checks if a line array is either null or empty   Namespace types: array   Parameters:      arr (array) : line array   Returns: bool method isEmpty(arr)   checks if a label array is either null or empty   Namespace types: array   Parameters:      arr (array) : label array   Returns: bool method isEmpty(arr)   checks if a box array is either null or empty   Namespace types: array   Parameters:      arr (array) : box array   Returns: bool method isEmpty(arr)   checks if a linefill array is either null or empty   Namespace types: array   Parameters:      arr (array) : linefill array   Returns: bool method isEmpty(arr)   checks if a polyline array is either null or empty   Namespace types: array   Parameters:      arr (array) : polyline array   Returns: bool method isEmpty(arr)   checks if a table array is either null or empty   Namespace types: array   Parameters:      arr (array) : table array   Returns: bool method isNotEmpty(arr)   checks if an int array is not null and has at least one item   Namespace types: array   Parameters:      arr (array) : int array   Returns: bool method isNotEmpty(arr)   checks if a float array is not null and has at least one item   Namespace types: array   Parameters:      arr (array) : float array   Returns: bool method isNotEmpty(arr)   checks if a string array is not null and has at least one item   Namespace types: array   Parameters:      arr (array) : string array   Returns: bool method isNotEmpty(arr)   checks if a bool array is not null and has at least one item   Namespace types: array   Parameters:      arr (array) : bool array   Returns: bool method isNotEmpty(arr)   checks if a color array is not null and has at least one item   Namespace types: array   Parameters:      arr (array) : color array   Returns: bool method isNotEmpty(arr)   checks if a chart.point array is not null and has at least one item   Namespace types: array   Parameters:      arr (array) : chart.point array   Returns: bool method isNotEmpty(arr)   checks if a line array is not null and has at least one item   Namespace types: array   Parameters:      arr (array) : line array   Returns: bool method isNotEmpty(arr)   checks if a label array is not null and has at least one item   Namespace types: array   Parameters:      arr (array) : label array   Returns: bool method isNotEmpty(arr)   checks if a box array is not null and has at least one item   Namespace types: array   Parameters:      arr (array) : box array   Returns: bool method isNotEmpty(arr)   checks if a linefill array is not null and has at least one item   Namespace types: array   Parameters:      arr (array) : linefill array   Returns: bool method isNotEmpty(arr)   checks if a polyline array is not null and has at least one item   Namespace types: array   Parameters:      arr (array) : polyline array   Returns: bool method isNotEmpty(arr)   checks if a table array is not null and has at least one item   Namespace types: array   Parameters:      arr (array) : table array   Returns: bool method flush(arr)   remove all int objects in an array   Namespace types: array   Parameters:      arr (array) : int array   Returns: int method flush(arr)   remove all float objects in an array   Namespace types: array   Parameters:      arr (array) : float array   Returns: float method flush(arr)   remove all bool objects in an array   Namespace types: array   Parameters:      arr (array) : bool array   Returns: bool method flush(arr)   remove all string objects in an array   Namespace types: array   Parameters:      arr (array) : string array   Returns: string method flush(arr)   remove all color objects in an array   Namespace types: array   Parameters:      arr (array) : color array   Returns: color method flush(arr)   remove all chart.point objects in an array   Namespace types: array   Parameters:      arr (array) : chart.point array   Returns: chart.point method flush(arr)   remove and delete all line objects in an array   Namespace types: array   Parameters:      arr (array) : line array   Returns: line method flush(arr)   remove and delete all label objects in an array   Namespace types: array   Parameters:      arr (array) : label array   Returns: label method flush(arr)   remove and delete all box objects in an array   Namespace types: array   Parameters:      arr (array) : box array   Returns: box method flush(arr)   remove and delete all table objects in an array   Namespace types: array   Parameters:      arr (array) : table array   Returns: table method flush(arr)   remove and delete all linefill objects in an array   Namespace types: array   Parameters:      arr (array) : linefill array   Returns: linefill method flush(arr)   remove and delete all polyline objects in an array   Namespace types: array   Parameters:      arr (array) : polyline array   Returns: polyline
Perpustakaan Pine Script®
oleh ajitgorde121
LineWrapperLibrary "LineWrapper" Wrapper Type for Line. Useful when you want to store the line details without drawing them. Can also be used in scenarios where you collect lines to be drawn and draw together towards the end. method draw(this)   draws line as per the wrapper object contents   Namespace types: Line   Parameters:      this (Line) : (series Line) Line object.   Returns: current Line object method draw(this)   draws lines as per the wrapper object array   Namespace types: array   Parameters:      this (array) : (series array) Array of Line object.   Returns: current Array of Line objects method update(this)   updates or redraws line as per the wrapper object contents   Namespace types: Line   Parameters:      this (Line) : (series Line) Line object.   Returns: current Line object method update(this)   updates or redraws lines as per the wrapper object array   Namespace types: array   Parameters:      this (array) : (series array) Array of Line object.   Returns: current Array of Line objects method delete(this)   Deletes the underlying line drawing object   Namespace types: Line   Parameters:      this (Line) : (series Line) Line object.   Returns: Current Line object method get_price(this, bar)   get line price based on bar   Namespace types: Line   Parameters:      this (Line) : (series Line) Line object.      bar (int) : (series/int) bar at which line price need to be calculated   Returns: line price at given bar. Line   Line Wrapper object   Fields:      p1 (chart.point)      p2 (chart.point)      xloc (series string) : (series string) See description of x1 argument. Possible values: xloc.bar_index and xloc.bar_time. Default is xloc.bar_index.      extend (series string) : (series string) If extend=extend.none, draws segment starting at point (x1, y1) and ending at point (x2, y2). If extend is equal to extend.right or extend.left, draws a ray starting at point (x1, y1) or (x2, y2), respectively. If extend=extend.both, draws a straight line that goes through these points. Default value is extend.none.      color (series color) : (series color) Line color.      style (series string) : (series string) Line style. Possible values: line.style_solid, line.style_dotted, line.style_dashed, line.style_arrow_left, line.style_arrow_right, line.style_arrow_both.      width (series int) : (series int) Line width in pixels.      obj (series line) : line object
Perpustakaan Pine Script®
oleh ajitgorde121
Footprint Data Test [Zofesu]🎯 Verify your Data Integrity with Institutional Precision. This diagnostic tool is designed to verify if your current broker and symbol provide real-time Footprint Data (Intrabar Volume). Before deploying complex Order Flow strategies or Delta-based indicators, a trader must ensure the "fuel" (data) is active and accurate. 🧠 How it Works The engine utilizes the latest Pine Script v6 request.footprint method to attempt a connection to the exchange’s tick-level database. It checks for the presence of Buy/Sell volume distributions within each bar, which is the foundation for tracking large institutional orders. 🛠️ Core Components 📊 Status Table: A clean, non-intrusive UI element at the bottom of your chart that provides an instant diagnostic result. ✅ Data Active: Confirms that your broker provides real-time footprint/tick data. You can proceed with Order Flow, Delta, and Volume Profile strategies. ❗ No Data / Not Supported: Indicates that the current symbol or broker only provides basic price data. In this case, Volume Delta or Footprint-based indicators will not function correctly. You will see an error at the top left, next to the indicator. ⚙️ Strategic Application Broker Verification: Use this tool when switching between brokers (e.g., IC Markets vs. Binance vs. CME) to see who provides the most transparent data. Symbol Compatibility: Not all assets support footprint data. Test your Nasdaq (NQ), S&P 500 (ES), or BTC pairs before relying on volume analysis. The Green Light: Only when you see the "Data Active ✅" status should you trust indicators that claim to track "Big Boys" or "Smart Money" orders. 🚀 Technical Settings (Zofesu Optimized) Lookback (10): A focused sample of recent bars to verify connection stability without overloading the processor. Visual Position: Anchored to the Bottom Center to keep your main workspace clean for price action analysis. 📚 Experience and practice Many CFD brokers "simulate" volume, but this test looks for real Footprint distribution. If you get a red status on a stock or index, you likely need a "Real-Time Data Subscription" from the exchange (CME, NYSE). On Crypto pairs (BTCUSD, ETHUSD), this should almost always be Green. If it's Red on Crypto, check if you are on a "Spot" or "Futures" chart, as data availability may vary. ⚠️ Disclaimer Data availability is subject to your TradingView plan and broker's data feed. This tool does not generate trade signals; it validates the technical environment for professional decision-making.
Penunjuk Pine Script®
oleh Zofesu
ohlcLibrary "ohlc" Library having OHLC and Indicator type and method implementations. getOhlcArray(o, h, l, c, highBeforeLow, highAfterLow, lowBeforeHigh, lowAfterHigh, barindex, bartime, indicators)   get array of OHLC values when called on every bar   Parameters:      o (float) : Open price      h (float) : High Price      l (float) : Low Price      c (float) : Close Price      highBeforeLow (float) : to be calculated based on lower timeframe. high price attained within the candle before reaching the lowest point.      highAfterLow (float) : to be calculated based on lower timeframe. high price attained within the candle after reaching the lowest point.      lowBeforeHigh (float) : to be calculated based on lower timeframe. low price attained within the candle before reaching the highest point.      lowAfterHigh (float) : to be calculated based on lower timeframe. low price attained within the candle after reaching the highest point.      barindex (int) : bar_index of OHLC data      bartime (int) : time of OHLC cata      indicators (array) : array containing indicator   Returns: Array of OHLC objects push(this, item, maxItems)   Push items to OHLC array with maxItems limit   Parameters:      this (array)      item (OHLC) : OHLC Item to be pushed to the array      maxItems (int) : max Items the array can hold at a time   Returns: current object push(this, item, maxItems)   Push items to Indicator array with maxItems limit   Parameters:      this (array)      item (Indicator) : Indicator Item to be pushed to the array      maxItems (int) : max Items the array can hold at a time   Returns: current object unshift(this, item, maxItems)   Unshift items to OHLC array with maxItems limit   Parameters:      this (array)      item (OHLC) : OHLC Item to be unshifted to the array      maxItems (int) : max Items the array can hold at a time   Returns: current object unshift(this, item, maxItems)   Unshift items to Indicator array with maxItems limit   Parameters:      this (array)      item (Indicator) : Indicator Item to be unshifted to the array      maxItems (int) : max Items the array can hold at a time   Returns: current object method getPoints(indicators)   get array of points based on array of indicator values   Namespace types: array   Parameters:      indicators (array) : Array containing indicator objects   Returns: array of indicator points method plot(indicator, xloc, line_color, line_style, line_width)   plots an array of Indicator using polyline   Namespace types: array   Parameters:      indicator (array) : Array containing indicator objects      xloc (string) : can have values xloc.bar_index or xloc.bar_time. Used for drawing the line based on either bars or time.      line_color (color) : color in which the plots need to be printed on chart.      line_style (string) : line style line.style_solid, line.style_dotted, line.style_dashed, line.style_arrow_right, line.style_arrow_left, line.style_arrow_both      line_width (int) : width of the plot line   Returns: array of plot polyline Indicator   Object containing Indicator name and value   Fields:      name (series string) : Indicator Name      value (chart.point) : Indicator Value as a chart point OHLC   Object containing OHLC and indicator values   Fields:      o (series float) : Open price      h (series float) : High Price      l (series float) : Low Price      c (series float) : Close Price      highBeforeLow (series float) : to be calculated based on lower timeframe. high price attained within the candle before reaching the lowest point.      highAfterLow (series float) : to be calculated based on lower timeframe. high price attained within the candle after reaching the lowest point.      lowBeforeHigh (series float) : to be calculated based on lower timeframe. low price attained within the candle before reaching the highest point.      lowAfterHigh (series float) : to be calculated based on lower timeframe. low price attained within the candle after reaching the highest point.      barindex (series int) : bar_index of OHLC data      bartime (series int) : time of OHLC cata      indicators (array) : array containing indicator
Perpustakaan Pine Script®
oleh ajitgorde121
utilsLibrary "utils" Few essentials captured together by ajitgorde121 timer(timeStart, timeEnd)   finds difference between two timestamps   Parameters:      timeStart (int) : start timestamp      timeEnd (int)   Returns: check_overflow(pivots, barArray, dir)   finds difference between two timestamps   Parameters:      pivots (array) : pivots array      barArray (array) : pivot bar array      dir (int) : direction for which overflow need to be checked   Returns: bool overflow get_trend_series(pivots, length, highLow, trend)   finds series of pivots in particular trend   Parameters:      pivots (array) : pivots array      length (int) : length for which trend series need to be checked      highLow (int) : filter pivot high or low      trend (int) : Uptrend or Downtrend   Returns: int trendIndexes get_trend_series(pivots, firstIndex, lastIndex)   finds series of pivots in particular trend   Parameters:      pivots (array) : pivots array      firstIndex (int) : First index of the series      lastIndex (int) : Last index of the series   Returns: int trendIndexes getConsolidatedLabel(include, labels, separator)   Consolidates labels into single string by concatenating it with given separator   Parameters:      include (array) : array of conditions to include label or not      labels (array) : string array of labels      separator (simple string) : Separator for concatenating labels   Returns: string labelText getColors(theme)   gets array of colors based on theme   Parameters:      theme (simple string) : dark or light theme   Returns: color themeColors
Perpustakaan Pine Script®
oleh ajitgorde121
Multi-Ticker Dashboard [DefinedEdge]Monitor up to 5 tickers in one table without switching charts. Pick any combo of crypto, stocks, forex. The dashboard pulls live data and shows you what matters: What's in the table: Ticker name + current price % change (green/red) RSI value with 7-tier status labels ATR% volatility gauge Trend direction (EMA-based) The RSI tiers: Most dashboards just say "overbought" or "oversold." This one breaks it into 7 levels so you can actually gauge intensity: 🔥 VERY OS (below 20) OVERSOLD (20-30) MILDLY OS (30-40) NORMAL (40-60) MILDLY OB (60-70) OVERBOUGHT (70-80) 🔥 VERY OB (above 80) Each tier has its own color. You can spot extremes instantly. ATR% tells you which tickers are actually moving: Green = under 2% (calm) Yellow = 2-4% (elevated) Red = above 4% (volatile, size your positions accordingly) Settings you can change: Swap any ticker to whatever you want Set how many tickers to show (1-5) RSI length, overbought/oversold levels EMA length for trend detection Dashboard position and size Built-in alerts: Alerts show the actual ticker name and RSI value, e.g. "BTCUSDT RSI Oversold (28.5)". You pick how sensitive the alerts are in settings: Very OB/OS only (80/20) — only fires on extreme levels Standard (70/30) — default Mildly OB/OS (60/40) — catch it early All tiers — fires on anything outside NORMAL How to set up alerts: Go to the indicator settings > Alert Settings > pick your sensitivity Right-click the chart > Create Alert Under Condition, select "Ticker Dashboard" Set it to "Any alert() function call" Hit Create That's it. One alert covers all your tickers. When it fires, the notification tells you exactly which ticker triggered and the RSI value at the time. Works on all timeframes. All metrics are based on whatever timeframe your chart is set to. Switch to 4H and you get 4H RSI, 4H ATR%, 4H trend. Switch to Daily and everything updates. Current timeframe is shown in the footer so you always know what you're looking at. Quick note: When changing tickers in the settings, make sure you pick a valid symbol from TradingView's symbol search (e.g. BINANCE:BTCUSDT, NASDAQ:AAPL). If you enter an invalid ticker, the dashboard won't load. If you only need 3 tickers, set "Active Tickers" to 3. The remaining ticker slots won't be displayed so you can ignore them.
Penunjuk Pine Script®
oleh DefinedEdge
SuperTrend Simple 5 Minuten Time FrameSuperTrend Pro - Multi-Filter Trading Indicator This indicator combines the classic SuperTrend with multiple confirmation filters to reduce false signals and increase win rate. It generates BUY and SELL signals only when all active filters align, resulting in higher quality trades. The SuperTrend calculates dynamic support and resistance levels based on ATR. A signal is generated when price flips above or below the SuperTrend line. Multiple filters must confirm the signal before it triggers. Available Filters: HTF Confirmation - The higher timeframe SuperTrend must agree with the signal direction. This ensures you are trading with the overall trend. EMA 200 Filter - Long signals only trigger when price is above the 200 EMA. Short signals only trigger when price is below the 200 EMA. RSI Filter - Long signals require RSI above 50, indicating bullish momentum. Short signals require RSI below 50, indicating bearish momentum. Volume Filter (optional) - Signals only trigger when volume is above average, confirming strong market participation. ADX Filter (optional) - Signals only trigger when ADX is above the threshold, ensuring a strong trend is present. Signals are displayed as "B" for BUY (bullish flip with all filters confirmed) and "S" for SELL (bearish flip with all filters confirmed). The indicator includes built-in backtest statistics showing total trades, win/loss count, winrate percentage, average win/loss percentage, and profit factor. Recommended settings for BTC and Crypto: Period 10, Factor 3.0, HTF 60 minutes. For Forex: Period 10-14, Factor 2-3, HTF 240 minutes. For Stocks: Period 14, Factor 3.0, HTF Daily. Backtest results on BTC 5-minute timeframe show approximately 55% winrate with a profit factor of 2.2.
Penunjuk Pine Script®
oleh TEV_Official
Position Sizer and CalculatorHere is your properly formatted TradingView-ready description using correct BBCode structure for clean public library display: --- Position Sizer and Calculator (PSC) A professional-grade position sizing and risk evaluation tool designed to quantify trade exposure directly from chart-defined levels. This script calculates trade size, risk, reward, and performance metrics dynamically based on your selected Entry, Take Profit, and Stop Loss levels. It is designed for disciplined traders who manage capital allocation through structured risk control. --- Overview The Position Sizer and Calculator operates on a capital-allocation model. The trader defines the total dollar amount intended for the position. Risk is then derived automatically from the selected Stop Loss level. All outputs update in real time as Entry, TP, or SL levels are adjusted on the chart. This ensures immediate visibility into: Position size Dollar risk Risk percentage Profit potential Risk/Reward ratio --- User Inputs Manual Inputs Trade Value ($) The total capital allocated to the position. Quantity Decimals Controls the number of decimals displayed for share quantity. Fractional shares are supported. Chart-Selected Inputs Entry Take Profit (TP) Stop Loss (SL) Anchor bar (time reference) Levels are selected directly on the chart using TradingView’s confirmation-click system. Adjusting these levels automatically recalculates all metrics. --- Calculation Methodology The script uses the following formulas: Shares Quantity Qty = Trade Value ÷ Entry Price Risk per Share Risk per Share = |Entry − SL| Total Risk (Dollar Risk) Risk = Risk per Share × Qty Risk Percentage of Trade Value Risk % = (Risk ÷ Trade Value) × 100 Reward per Share Reward per Share = |TP − Entry| Profit at Target Profit = Reward per Share × Qty Risk/Reward Ratio R:R = Reward per Share ÷ Risk per Share All risk and reward calculations use absolute price distances to ensure correct handling of both long and short configurations. --- Table Output The summary table displays the following metrics in structured order: Trade Value Shares Quantity Entry Take Profit Stop Loss Profit at Target Risk (Dollar Risk) Risk % (of Trade Value) Risk/Reward Ratio Values update immediately when price levels or trade value are adjusted. --- Structural Controls The script enforces logical trade structure: TP and SL cannot both be above Entry. TP and SL cannot both be below Entry. Risk is always derived from the Stop Loss. Long and short configurations are automatically detected.
Penunjuk Pine Script®
oleh maryam_bahri
Key Price Levels Daily Ver [structJCWL]As an independent developer and active trader, I built this tool to address a personal frustration: the lack of precision in standard session-level indicators. For those who trade based on market micro-structure, a level that is "approximately" correct is a logic error. Key Price Levels Daily Ver is an engineering implementation focused on reconstructing session data with surgical accuracy. It is designed for traders who require reliable, noise-filtered benchmarks to anchor their daily execution. THE ENGINEERING LOGIC: 1-Second (1S) Intrabar Reconstruction : Standard scripts often rely on daily-bar data, which can be imprecise. This tool re-aggregates the session using 1-Second (1S) granularity . By processing every sub-candle, it ensures that POC, Value Area, and Extremes are anchored to the true weight of capital commitment. The 15-Minute Threshold (Technical Rationale) : To maintain the high fidelity of 1S data aggregation, this indicator is optimized for timeframes ≤ 15 minutes . Calculating micro-structure on higher timeframes leads to data thinning and reduced precision—limitations I refuse to accept in my personal trading setup. Adaptive Visual Hierarchy (Fade & Limits) : To prevent visual clutter, I’ve integrated Fade Strength and Timeframe Limits . Lines automatically adjust their transparency or visibility based on your current timeframe, ensuring that the most relevant levels remain clear while secondary noise recedes. Reliability by Design : In 24/7 markets, script stability is paramount. I have implemented defensive programming (including a 98,000-unit memory circuit breaker ) to prevent overflows during extreme volatility. I strive for absolute dependability; if you encounter any issues, your feedback is highly welcome as we refine and improve this tool together. 作为一名独立开发者与实战交易者，我构建此工具是为了解决一个长期的困扰：标准时段指标精度的缺失。对于基于市场微观结构进行交易的人来说，“大约准确”的水位本身就是一种逻辑错误。 Key Price Levels Daily Ver 是我对日内关键水位线的个人工程化实现，专注于以“外科手术式”的精度重构时段数据。它专为那些需要可靠、过滤噪音的基准位来锚定日内执行的交易者而设计。 核心设计逻辑： 1秒级微观重构 (1S Precision) ：我不满足于直接调用现成的日线数据。脚本通过扫描 1秒 (1S) 微观颗粒度数据 来重构整个交易时段，确保 POC 和价值区的计算基准来自于最真实的成交细节。 15分钟周期硬限制 ：为了保证 1S 数据聚合的极致精度，本脚本仅限在 15分钟及以下周期 运行。在更长周期调用微观数据会导致精度大幅下降。作为开发者，我不允许“大约准确”的逻辑存在于我的系统里。 自适应视觉层级 (Fade & Limits) ：通过内置的 淡化强度 (Fade) 与 周期限制 (Limits) ，水位线会根据你当前的图表周期自动调节透明度或可见性。 可靠性设计 ：在 24/7 不间断的交易中，脚本的稳定性至关重要。我在代码底层加入了防御性设计（包括 98,000 数组容量熔断机制 ），旨在防止极端行情下的计算溢出或图表崩溃。我追求的是一个能让人放心的工具，若你在使用中发现任何问题，欢迎随时反馈，我们共同完善。 Feedback & Interaction: As a personal project, this script is continuously refined. I welcome any bug reports or suggestions for improvement to make this tool even more robust for the community. Compliance & Credits: Author: structJCWL (Independent Developer & Trader) License: Mozilla Public License 2.0 (MPL 2.0) Attribution: Core data aggregation and state-machine logic are 100% original implementations
Penunjuk Pine Script®
oleh structJCWL
ADR en Ticks Historique (6E) - SyncThis indicator calculates the Average Daily Range (ADR) in ticks for the Euro FX Futures contract (6E) with consistent historical display across all timeframes. Key Features: Precise tick calculation: uses the 0.00005 tick size specific to the 6E contract (Euro FX standard 125,000 EUR) Multi-timeframe synchronization: displays the same ADR value on daily, H1, M30, or any other intraday timeframe Historical navigation: ADR automatically adjusts when you move back in time on the chart, enabling precise backtesting of your strategies Customizable period: default 10 days, adjustable to your needs (14, 20, 30 days, etc.) Why This Indicator? Classic ADR indicators only display the real-time value in a static table. This one plots a historical curve that evolves over time, allowing you to see the ADR that was actually available at each moment in the past. Usage: Ideal for EUR/USD futures (6E) traders who want to: Backtest their strategies with realistic ADR data Assess historical market volatility Define profit targets and stop-losses based on average ADR Technical Note: The indicator automatically detects your timeframe and applies the appropriate synchronization between daily and intraday data to ensure consistent calculations.
Penunjuk Pine Script®
oleh fabriceviguier
Liquidity Clusters Pro | ProjectSyndicateLiquidity Clusters Pro consolidates overlapping pivot highs/lows, wick traps, and volume spikes into power-ranked clusters (0-10 scale) with visual hierarchy (gold/yellow/green zones), anti-repaint logic, and smart distance filtering to identify high-probability institutional liquidity levels while eliminating chart clutter. • ⭐ Advanced clustering algorithm groups overlapping pivot highs/lows, wick traps, and volume spikes into consolidated liquidity zones instead of scattered individual zones. • 🎯 Power Ranking System (0-10) — each cluster receives a power rank based on detection density, diversity, strength, and recency for instant quality assessment. • 🔥 Elite Clusters (9-10) = 6+ overlapping touches — bright gold zones with thick borders, highest institutional liquidity concentration. • 💪 Strong Clusters (7-8) = 5+ touches — yellow highlighted zones, high-priority support/resistance levels. • ⚙️ Medium/Weak Clusters (3-6) = 2-4 touches — standard green/purple zones, moderate priority levels. • 📊 500-1000 bar lookback period captures extensive price history for reliable cluster formation and power ranking accuracy. • 🧠 Smart distance filter automatically hides zones within 3 ATR of current price — clean chart, no clutter around market action. • 🚫 Anti-repaint logic ensures zones only form on confirmed bars — no disappearing zones, no mid-bar repainting. • 📦 Universal ATR-based zone height keeps all clusters consistent size — no thin zones or tower-like zones. • 🎨 Visual hierarchy by power rank — gold (elite) > yellow (strong) > green/purple (medium) for instant priority recognition. • 📈 Dynamic labels show power rank + distance metrics: "Bull Liquidity Cluster | 0.45% | 5 pips" for complete context. • 🧭 Dashboard displays cluster distribution by power rank (Elite/Strong/Medium/Weak counts) + avg power rank + recent detections. • 🟩🟪 Preserves clean bull/bear color scheme (green/purple) with power-based enhancements for visual clarity. • ⚡ Re-clusters every 10 bars for performance optimization while staying responsive to new price action. • 🔧 Fully customizable: adjust cluster tolerance, min power rank, lookback period, distance filter to match your trading style. • 🎯 Why this algo is unique: Standard tools show every pivot/rejection as separate zone = chart clutter. This algo consolidates overlapping detections into fewer, stronger clusters with quantified importance (power rank 0-10). You instantly see which levels matter most (gold = elite institutional zones) vs noise (weak single-touch zones filtered out). Result: cleaner charts, better decisions, focus on high-probability levels. • 🚀 Apply to Gold (XAUUSD), Forex, Crypto, Indices on M15/M30/H1/H4 timeframes — your institutional liquidity roadmap. • 💡 Use for identifying high-probability support/resistance at elite/strong clusters — combine with your entry system for complete trade setup. • 📦 Toggle "Enable Cluster Mode" to compare new clustering vs legacy individual zone detection side-by-side. • 🧼 Adjust "Min Power Rank to Display" to 7-8 for only elite/strong zones, or lower to 5 for more coverage. • 🎯 How to use this? Focus trades near Elite (9-10) and Strong (7-8) clusters for highest probability. Ignore weak zones (below power rank 5). Watch for price reactions at gold/yellow zones for entries/exits. Use dashboard to assess overall market structure quality. • ⚠️ IMPORTANT NOTICE: This indicator is designed to identify institutional liquidity zones and support/resistance clusters. It should NOT be used as a standalone signal for entering trades. Use it in conjunction with your trading strategy, price action, and other technical indicators to confirm trade setups and manage risk. NQ XAUUSD BTCUSD
Penunjuk Pine Script®
oleh ProjectSyndicate
6
Regression Channel Oscillator█ OVERVIEW Regression Channel Oscillator is an oscillator based on linear regression that shows when price moves away from its natural path and when it returns to balance. Unlike a classic moving average, linear regression does not simply average price — it accounts for direction and speed of movement. As a result, its center better represents the true price path rather than a lagging average. Advantage over MA: - detects changes in market dynamics faster - lags less during trends - better identifies when a move becomes excessive relative to the current direction The result: the oscillator more precisely highlights market overextension, not just distance from an average. █ CONCEPTS The indicator was created primarily for precise identification of correction areas and potential trend change points, when price moves too far away from its current path. At the same time, it works very well as: - a trend-following tool - a detector of low-volatility phases When the oscillator line stays near zero and cannot reach OB/OS zones, the market is in balance or compression — often a phase before a larger move. Strong pushes into extreme zones show that the market has temporarily moved away from its natural path. █ FEATURES Regression Settings - Regression Length – defines how broadly the current price path is measured - RMSE Multiplier – controls oscillator sensitivity to deviations Oscillator - Shows how far price has moved away from its current path - Range is limited for readability - Optional smoothing: SMA / EMA / None Signal Settings - Signal MA – moving average of the oscillator used for momentum confirmation - Show Signal MA – option to enable or disable the signal line entirely - Signal Color Mode - Direction – color changes based on slope - Position vs Zero – color changes based on position relative to zero - Signal SMA Length – length of the signal moving average Overbought / Oversold Zones - Configurable OB/OS levels for the oscillator - Additional hidden OB/OS thresholds for the Signal MA (signal line) - When SMA crosses these thresholds, the main OB/OS zones change color — providing additional confirmation of potential direction change or move exhaustion Dynamic Colors - Oscillator above 0 → bullish - Below 0 → bearish Gradients & Visualization - Oscillator gradient - Multi-layer SMA gradient - OB/OS zone gradients - Gradient fill toward the zero line - Full visual customization Signals - Signal appears when leaving extreme zones Alerts - Alerts for exits from OB/OS zones █ HOW TO USE Add the indicator in TradingView → Regression Channel Oscillator or copy the code and paste it into the Pine Editor. This tool helps determine whether price is moving in a healthy trend rhythm or is already overextended relative to its current path. It helps distinguish three market states: - Stable trend – oscillator stays on one side of zero - Overextended move – entries into OB/OS zones - Compression / no direction – oscillator moves around the zero line Shorter settings → faster reaction (intraday, scalping) Longer settings → more stable readings (swing, higher timeframes) █ APPLICATIONS Corrections in trend When the market is trending, entries into extreme zones often mark moments where the move has become stretched and a pullback may occur. In strong impulses, however, this state can persist for a long time — trying to catch the end of the move can be risky. Trend following When the oscillator remains on one side of zero, it indicates the dominant market side. Low-volatility phases When the oscillator stays near zero and does not reach OB/OS zones, the market is in balance or accumulation before a larger move. Momentum confirmation When the Signal MA crosses its additional OB/OS thresholds, the main extreme zones change color. This visual confirmation suggests that the move may be nearing exhaustion or that the probability of a direction change is increasing. █ NOTES - In strong trends, the oscillator may stay in extreme zones for extended periods — this reflects strength, not an immediate reversal. - OB/OS levels should be adjusted to the instrument and timeframe. - Works best when combined with market structure, trend analysis, and support/resistance levels.
Penunjuk Pine Script®
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