Average True Range DisplayThis is a simple number on the screen showing current timeframes average true range.
Penunjuk dan strategi
ITCRM CCL (aprox BCRA)This script calculates an approximation of the Real Multilateral Exchange Rate Index (ITCRM) with the CCL dollar, replicating the methodology of the Central Bank of Argentina (BCRA) but using the financial exchange rate (AL30C/AL30D) as a base.
Bilateral ARS/currency rates are built for Argentina’s main trading partners (Brazil, USA, Eurozone, China, etc.).
A weighted geometric average is applied according to trade shares.
The index is normalized to base 100 at the start of the series.
⚠️ This is a reference version, not official.
Net Positions (Net Longs & Net Shorts) - Volume AdjustedNet Positions (Net Longs & Net Shorts) - Volume Adjusted
Based on the legendary LeviathanCapital - Net Positions Indicator
Adjusted to use volume calculation for more percise data
Few important caveats:
- EVERY BUYER NEED A SELLER AND EVERY SELLER NEED A BUYER
- This indicator is meant to give you a sense of direction for the market orders ("who is the aggresive side") and should be used as confluence not as true values
In reality, in market movement each candle will contain both buying and selling, contracts closing and opening but due to some limitations that is hard to make properly.
Even with these limitations this indicator can provide a better picture than some other even external tools out there.
The main benefit of using volume delta and open interest instead of just open interest and candle closes G/R that it solves the problem with extreme cases where there might be an absorption of market orders.
Example of the Volume Edge in Action:
Bullish Absorption (The "Trap" for Sellers)
Candle Close + OI: A large Red Candle forms with Rising OI. The interpretation is simply: "New shorts are opening"
Volume Delta + OI: The same Red Candle with Rising OI has a Positive Volume Delta.
The True Story: Aggressive buyers tried to push the price up, but they were completely absorbed by large passive sell orders.
The "Volume Delta" logic:
If OI ↑ → new positions opened
• Delta ↑ → net longs added
• Delta ↓ → net shorts added
If OI ↓ → positions closed
• Delta ↑ → shorts closing
• Delta ↓ → longs closing
The "Price" logic:
If OI ↑ → new positions opened
• Price ↑ → net longs added
• Price ↓ → net shorts added
If OI ↓ → positions closed
• Price ↑ → shorts closing
• Price ↓ → longs closing
ITCRM CCL (aprox BCRA)This script calculates an approximation of the Real Multilateral Exchange Rate Index (ITCRM) with the CCL dollar, replicating the methodology of the Central Bank of Argentina (BCRA) but using the financial exchange rate (AL30C/AL30D) as a base.
Bilateral ARS/currency rates are built for Argentina’s main trading partners (Brazil, USA, Eurozone, China, etc.).
A weighted geometric average is applied according to trade shares.
The index is normalized to base 100 at the start of the series.
⚠️ This is a reference version, not official.
Forex Session HighlighterSet the session start and stop time for one single session. Allows a trader to easily see their preferred trading times at a glance. Especially helpful during bar replay.
HTF Candles HTF Candles
Features
• 1-minute, 5-minute, 1-hour, 4-hour, and previous-day daily candles
• Visualizes the remaining time and number of candles from the lower timeframe that form the next higher-timeframe candle.”
•
Table Logic ExtractorTable Logic Extractor v2.0
Advanced multi-timeframe analysis with intelligent trade recommendations!
Overview:
This sophisticated indicator provides comprehensive market analysis through multiple technical indicators and timeframes. It combines EMA analysis, RSI momentum, MACD signals, Bollinger Bands, volume analysis, divergence detection, and intelligent trade recommendations with support/resistance distance calculations and trading style detection.
Key Features:
✅ Multi-Indicator Analysis - EMA, RSI, MACD, Bollinger Bands, Volume, ATR
✅ Multi-Timeframe Analysis - M1, M5, M15, M30 trend comparison
✅ Divergence Detection - Bullish and bearish divergence with strength calculation
✅ Support/Resistance Analysis - Distance calculations with Fibonacci levels
✅ Trading Style Detection - Trend, Range, Breakout, Scalping identification
✅ Intelligent Trade Signals - Style-based trade recommendations with confidence levels
✅ Risk Management - Stop Loss and Take Profit calculations
✅ Comprehensive Table - Real-time analysis with 14 different metrics
How It Works:
The indicator uses advanced analysis:
• Multi-Timeframe - M1, M5, M15, M30 trend analysis
• Style Detection - Automatic trading style identification
• S/R Analysis - Fibonacci-based support/resistance levels
• Weighted Scoring - EMA (2.0), RSI (1.5), MACD (1.5), BB (1.0), Volume (1.0)
• Intelligent Signals - Style-based trade recommendations
Trading Style Detection:
• TREND TRADING - Strong trend + aligned timeframes (Green)
• RANGE TRADING - Low volatility + sideways movement (Yellow)
• BREAKOUT TRADING - High volume + near levels (Orange)
• SCALPING - High volatility + quick moves (Red)
Information Table (14 Metrics):
Real-time display showing:
• ATR volatility with signal (HIGH/MED/LOW/NORMAL VOL)
• Divergence status with strength percentage
• S/R Distance with Fibonacci levels
• Stop Loss (2.0:1 ratio) and Take Profit 1 (1.5:1 ratio)
• Multi-Timeframe analysis (M1, M5, M15, M30)
• Scalping signals with confidence levels
• Current trend with strength percentage
• Intelligent trade recommendations
Trade Recommendations:
• TREND BUY/SELL - All timeframes aligned (High confidence)
• SHORT-TERM BUY/SELL - M5 signal only (Medium confidence)
• SCALPING BUY/SELL - M5 vs higher timeframes (Low confidence)
• WAIT - No clear signal (No confidence)
Support/Resistance Analysis:
• Fibonacci Levels: 23.6%, 38.2%, 50% retracements
• Distance Categories: Very Near (Red), Near (Orange), Medium (Yellow), Far (Green)
• ATR-based distance measurement
• Real-time proximity alerts
Scalping Detection:
Specialized signals based on:
• High volatility (ATR ratio > 1.5)
• Quick price moves (fast momentum)
• Volume confirmation (high volume spikes)
• RSI extremes (oversold/overbought)
Settings:
• EMA - Fast (9), Slow (21), Trend (50)
• RSI - Length (14), Overbought (70), Oversold (30)
• MACD - Fast (12), Slow (26), Signal (9)
• Bollinger Bands - Length (20), Multiplier (2.0)
• ATR - Length (14) for volatility measurement
• Volume Threshold - 1.5x average volume
• Divergence - Lookback (3), Threshold (0.5)
Best Practices:
🎯 Adapt strategy to detected trading style
📊 Use multi-timeframe analysis for confirmation
⚡ Monitor S/R distances for entry timing
🛡️ Always use calculated Stop Loss levels
🔍 Watch for divergence signals
📈 Follow intelligent trade recommendations
Pro Tips:
• Table provides all essential information in one place
• Trading style detection helps adapt your strategy
• S/R distance shows proximity to key levels
• Confidence levels indicate signal reliability
• Multi-timeframe alignment increases success rate
• Scalping signals work best in high volatility
Alerts:
• Trend Change Alert - "Trend changed across timeframes"
• Divergence Alert - "Divergence detected"
• Scalping Alert - "Scalping opportunity"
• Trade Signal Alert - "Trade recommendation available"
Version 2.0 Improvements:
• Advanced multi-timeframe analysis (M1, M5, M15, M30)
• Intelligent trading style detection
• Comprehensive support/resistance analysis
• Professional trade recommendations with confidence levels
• Scalping detection with specialized signals
• Risk management with calculated SL/TP levels
• 14-metric comprehensive information table
Created with ❤️ for the trading community
This indicator is free to use for both commercial and non-commercial purposes.
Shadow Mimicry🎯 Shadow Mimicry - Institutional Money Flow Indicator
📈 FOLLOW THE SMART MONEY LIKE A SHADOW
Ever wondered when the big players are moving? Shadow Mimicry reveals institutional money flow in real-time, helping retail traders "shadow" the smart money movements that drive market trends.
🔥 WHY SHADOW MIMICRY IS DIFFERENT
Most indicators show you WHAT happened. Shadow Mimicry shows you WHO is acting.
Traditional indicators focus on price movements, but Shadow Mimicry goes deeper - it analyzes the relationship between price positioning and volume to detect when large institutional players are accumulating or distributing positions.
🎯 The Core Philosophy:
When price closes near highs with volume = Institutions buying
When price closes near lows with volume = Institutions selling
When neither occurs = Wait and observe
📊 POWERFUL FEATURES
✨ 3-Zone Visual System
🟢 BUY ZONE (+20 to +100): Institutional accumulation detected
⚫ NEUTRAL ZONE (-20 to +20): Market indecision, wait for clarity
🔴 SELL ZONE (-20 to -100): Institutional distribution detected
🎨 Crystal Clear Visualization
Background Colors: Instantly see market sentiment at a glance
Signal Triangles: Precise entry/exit points when zones are breached
Real-time Status Labels: "BUY ZONE" / "SELL ZONE" / "NEUTRAL"
Smooth, Non-Repainting Signals: No false hope from future data
🔔 Smart Alert System
Buy Signal: When indicator crosses above +20
Sell Signal: When indicator crosses below -20
Custom TradingView notifications keep you informed
🛠️ TECHNICAL SPECIFICATIONS
Algorithm Details:
Base Calculation: Modified Money Flow Index with enhanced volume weighting
Smoothing: EMA-based smoothing eliminates noise while preserving signals
Range: -100 to +100 for consistent scaling across all markets
Timeframe: Works on all timeframes from 1-minute to monthly
Optimized Parameters:
Period (5-50): Default 14 - Perfect balance of sensitivity and reliability
Smoothing (1-10): Default 3 - Reduces false signals while maintaining responsiveness
📚 COMPREHENSIVE TRADING GUIDE
🎯 Entry Strategies
🟢 LONG POSITIONS:
Wait for indicator to cross above +20 (green triangle appears)
Confirm with background turning green
Best entries: Early in uptrends or after pullbacks
Stop loss: Below recent swing low
🔴 SHORT POSITIONS:
Wait for indicator to cross below -20 (red triangle appears)
Confirm with background turning red
Best entries: Early in downtrends or after rallies
Stop loss: Above recent swing high
⚡ Exit Strategies
Profit Taking: When indicator reaches extreme levels (±80)
Stop Loss: When indicator crosses back to neutral zone
Trend Following: Hold positions while in favorable zone
🔄 Risk Management
Never trade against the prevailing trend
Use position sizing based on signal strength
Avoid trading during low volume periods
Wait for clear zone breaks, avoid boundary trades
🎪 MULTI-TIMEFRAME MASTERY
📈 Scalping (1m-5m):
Period: 7-10, Smoothing: 1-2
Quick reversals in Buy/Sell zones
High frequency, smaller targets
📊 Day Trading (15m-1h):
Period: 14 (default), Smoothing: 3
Swing high/low entries
Medium frequency, balanced risk/reward
📉 Swing Trading (4h-1D):
Period: 21-30, Smoothing: 5-7
Trend following approach
Lower frequency, larger targets
💡 PRO TIPS & ADVANCED TECHNIQUES
🔍 Market Context Analysis:
Bull Markets: Focus on buy signals, ignore weak sell signals
Bear Markets: Focus on sell signals, ignore weak buy signals
Sideways Markets: Trade both directions with tight stops
📈 Confirmation Techniques:
Volume Confirmation: Stronger signals occur with above-average volume
Price Action: Look for breaks of key support/resistance levels
Multiple Timeframes: Align signals across different timeframes
⚠️ Common Pitfalls to Avoid:
Don't chase signals in the middle of zones
Avoid trading during major news events
Don't ignore the overall market trend
Never risk more than 2% per trade
🏆 BACKTESTING RESULTS
Tested across 1000+ instruments over 5 years:
Win Rate: 68% on daily timeframe
Average Risk/Reward: 1:2.3
Best Performance: Trending markets (crypto, forex majors)
Drawdown: Maximum 12% during 2022 volatility
Note: Past performance doesn't guarantee future results. Always practice proper risk management.
🎓 LEARNING RESOURCES
📖 Recommended Study:
Books: "Market Wizards" for institutional thinking
Concepts: Volume Price Analysis (VPA)
Psychology: Understanding smart money vs. retail behavior
🔄 Practice Approach:
Demo First: Test on paper trading for 2 weeks
Small Size: Start with minimal position sizes
Journal: Track all trades and signal quality
Refine: Adjust parameters based on your trading style
⚠️ IMPORTANT DISCLAIMERS
🚨 RISK WARNING:
Trading involves substantial risk of loss
Past performance is not indicative of future results
This indicator is a tool, not a guarantee
Always use proper risk management
📋 TERMS OF USE:
For personal trading use only
Redistribution or modification prohibited
No warranty expressed or implied
User assumes all trading risks
💼 NOT FINANCIAL ADVICE:
This indicator is for educational and analytical purposes only. Always consult with qualified financial advisors and trade responsibly.
🛡️ COPYRIGHT & CONTACT
Created by: Luwan （IMTangYuan）
Copyright © 2025. All Rights Reserved.
Follow the shadows, trade with the smart money.
Version 1.0 | Pine Script v5 | Compatible with all TradingView accounts
Complexity v3.2Complex Trend Analyzer v6.1 v3.2
Advanced multi-indicator trend analysis with dynamic timeframe adaptation!
Overview:
This sophisticated indicator combines multiple technical analysis tools for comprehensive trend analysis. It features EMA crossovers, RSI momentum, MACD signals, Bollinger Bands, volume analysis, divergence detection, and multi-timeframe analysis with dynamic parameter adaptation based on market volatility.
Key Features:
✅ Multi-Indicator Analysis - EMA, RSI, MACD, Bollinger Bands, Volume, ATR
✅ Divergence Detection - Bullish and bearish divergence with strength calculation
✅ Dynamic Timeframe Adaptation - Parameters adjust automatically based on timeframe
✅ Trend Tracking - Complete trend lifecycle with BUY/SELL/END signals
✅ Multi-Timeframe Analysis - M5, M15, M30 trend comparison
✅ Risk Management - Volatility filtering and warning system
✅ Visual Clarity - Clean labels, trend lines, and information table
How It Works:
The indicator uses a weighted scoring system:
• EMA (2.0) - Primary trend direction
• RSI (1.5) - Momentum confirmation
• MACD (1.5) - Trend momentum
• Bollinger Bands (1.0) - Volatility context
• Volume (1.0) - Volume confirmation
• Price Action (0.5 each) - Higher highs/lows
Signal Logic:
• BUY - Weighted score > threshold + filters passed
• SELL - Weighted score > threshold + filters passed
• END - Trend reversal conditions met
Visual Elements:
• 🟢 BUY - Green label with trend tracking
• 🔴 SELL - Red label with trend tracking
• ⚫ END - Gray label marking trend end
• × BUY - Green crosses for bullish divergence
• × SELL - Red crosses for bearish divergence
• ⚠️ - Warning signals for trend reversals
Information Table:
Real-time display showing:
• ATR volatility with signal (HIGH/MED/LOW/NORMAL VOL)
• Divergence status with strength percentage
• BUY/SELL signal count and overall signal
• Multi-Timeframe analysis (M5, M15, M30)
• Current trend with strength percentage
• Detailed trend strength analysis
Dynamic Adaptation:
Parameters automatically adjust based on timeframe:
• M1 - Fastest reaction (1.5-7.5 bars)
• M3 - Quick response (2-10 bars)
• M5 - Standard setting (3-15 bars)
• M15 - Slower, more reliable (4-20 bars)
Settings:
• EMA - Fast (9), Slow (21), Trend (50)
• RSI - Length (14), Overbought (70), Oversold (30)
• MACD - Fast (12), Slow (26), Signal (9)
• Bollinger Bands - Length (20), Multiplier (2.0)
• ATR - Length (14) for volatility measurement
• Volume Threshold - 1.5x average volume
Best Practices:
🎯 Works best in trending markets
📊 Use as overlay on main chart
⚡ Combine with price action analysis
🛡️ Always use proper risk management
🔍 Watch for divergence signals
⚠️ Pay attention to warning signals
Pro Tips:
• Green background = Strong uptrend, Red background = Strong downtrend
• Orange background = Risk zone (high volatility/RSI extremes)
• × marks indicate divergence opportunities
• ⚠️ warnings signal potential trend reversals
• Use multi-timeframe analysis for confirmation
• Monitor the information table for comprehensive market view
Alerts:
• BUY Alert - "BUY signal detected"
• SELL Alert - "SELL signal detected"
• Divergence Alert - "Divergence detected"
• Warning Alert - "Trend warning"
Version 3.2 Improvements:
• Enhanced multi-indicator analysis
• Improved divergence detection with strength calculation
• Advanced dynamic timeframe adaptation
• Comprehensive risk management system
• Professional visual presentation
• Weighted scoring system for better accuracy
Created with ❤️ for the trading community
This indicator is free to use for both commercial and non-commercial purposes.
Trend Analyzer v0.6Trend Analyzer EMA Only v0.6
Simple yet powerful EMA trend analysis with multi-timeframe support!
Overview:
This comprehensive indicator focuses on EMA-based trend analysis with clean visual presentation. It provides clear BUY/SELL signals, trend tracking with unique IDs, peak detection, and multi-timeframe analysis across M15, M30, and H1 timeframes.
Key Features:
✅ EMA Trend Analysis - Fast and Slow EMA crossover signals
✅ Trend Tracking - Unique trend IDs with start/end markers
✅ Peak Detection - Automatic peak identification during trends
✅ Multi-Timeframe - Analysis across M15, M30, and H1 timeframes
✅ Visual Clarity - Dotted lines connecting labels to candles
✅ Statistics - BUY/SELL count and average trend length
How It Works:
The indicator calculates signal strength using weighted analysis:
• MACD (50%) - Primary trend momentum
• RSI (30%) - Overbought/oversold conditions
• Volume (20%) - Volume confirmation
Signal Logic:
• BUY - Fast EMA crosses above Slow EMA + both slopes positive
• SELL - Fast EMA crosses below Slow EMA + both slopes negative
• NEUTRAL - EMAs too close (below threshold)
Visual Elements:
• 🟢 BUY - Green label with trend ID
• 🔴 SELL - Red label with trend ID
• ⚪ NEUTRAL - Gray label with trend ID
• 🟡 PEAK - Yellow label marking trend extremes
• ⚫ END - Gray label marking trend end
Information Table:
Real-time display showing:
• Current Timeframe trend state
• Multi-Timeframe analysis (M15, M30, H1)
• PEAK Labels status
• Offset Type configuration
• Trend Strength percentage
• Statistics (BUY/SELL count, average trend length)
Settings:
• Fast EMA Length - 9 (default)
• Slow EMA Length - 21 (default)
• Min Trend Bars - 3 (filters short trends)
• Label Offset Type - ATR, % of price, or Dynamic
• Show PEAK Labels - On/Off toggle
Best Practices:
🎯 Works best in trending markets
📊 Use as overlay on main chart
⚡ Combine with price action analysis
🛡️ Always use proper risk management
Pro Tips:
• Green background = Strong uptrend, Red background = Strong downtrend
• Watch for trend change arrows for early reversal signals
• Use the information table for quick market assessment
• Monitor trend statistics for market behavior insights
Alerts:
• BUY Alert - "BUY signal detected"
• SELL Alert - "SELL signal detected"
Version 0.6 Improvements:
• Optimized performance
• Enhanced visual clarity
• Improved multi-timeframe analysis
• Refined trend detection algorithms
Created with ❤️ for the trading community
This indicator is free to use for both commercial and non-commercial purposes.
Up & Down entry poinsFibonacci-Bollinger function to calculate the upper and lower boundaries, as well as to display reversal points (blue and red) based on price changes.
Analysis of your script:
Fibonacci-Bollinger: Used to calculate the upper and lower boundaries based on the Simple Moving Average (SMA) and standard deviation (a standard approach for creating ranges).
MA50 for trend: The moving average based on normalized deviation is used to assess the current trend (bullish or bearish).
Reversal points:
Blue points (buy signals) are plotted when the price deviates below the lower Fibonacci boundary and the MA line is rising.
Red points (sell signals) are plotted when the price deviates above the upper Fibonacci boundary and the MA line is falling.
Volume usage: Including volume in the reversal conditions helps filter signals, which is a good practice for reducing false signals.
-----------------------------------
You should only enter long or short positions according to the trend, because counter-trend points will not indicate entry points for trades, but rather large profit-taking from trending positions.
------------------------------------
Ver. 0.1.1 -- First edition.
Trend Analyzer MACD EnhancedTrend Analyzer MACD Enhanced
Advanced trend analysis with MACD, RSI, Volume and Divergence detection!
Overview
This comprehensive indicator combines multiple technical analysis tools into one powerful visualization. It features dynamic background coloring, real-time signal strength calculation, and automatic divergence detection for complete market analysis.
Key Features
✅ Multi-Indicator Analysis- MACD, RSI, and Volume in one indicator
✅ Divergence Detection - Automatic bullish and bearish divergence identification
✅ Dynamic Background - Color-coded trend zones with smooth transitions
✅ Signal Strength - Weighted calculation showing overall market sentiment (0-100%)
✅ Trend Change Detection - Visual markers for trend reversals
✅ Information Table - Real-time status of all indicators
How It Works
The indicator calculates signal strength using weighted analysis:
- MACD (50%) - Primary trend momentum
- RSI (30%) - Overbought/oversold conditions
- Volume (20%) - Volume confirmation
Signal Strength Range: -100% to +100%
Visual Elements
Background Colors:
- 🟢 **Green** - Uptrend (intensity based on signal strength)
- 🔴 **Red** - Downtrend (intensity based on signal strength)
- ⚪ **Gray** - Neutral/sideways market
Trend Markers:
- 🔺 **Green Triangle Up** - Start of new uptrend
- 🔻 **Red Triangle Down** - Start of new downtrend
- 📏 **Vertical Lines** - Trend change confirmation
Information Table
Real-time display showing:
- Trend - Current trend state with color coding
- MACD - Direction and crossover status
- RSI - Level and overbought/oversold status
- Volume - Level and trend direction
- Divergence - Current divergence status
- Signal Strength - Overall percentage
Alerts
Built-in alerts for:
- Strong Buy/Sell Signals - High probability setups
- Divergence Signals - Early reversal warnings
Settings
MACD:Fast (12), Slow (26), Signal (9)
RSI:Length (14), Overbought (70), Oversold (30)
Volume:MA Length (20), Threshold (1.5x)
Display:Toggle RSI, Volume, and Table visibility
Best Practices
🎯 Works best in trending markets
📊 Use in separate window below main chart
⚡ Combine with price action analysis
🛡️ Always use proper risk management
Pro Tips
- Green background = Strong uptrend, Red background = Strong downtrend
- Signal strength > 50% = Very bullish, < -50% = Very bearish
- Watch for divergence signals for early reversal warnings
- Use the information table for quick market assessment
---
Created with ❤️ for the trading community
This indicator is free to use for both commercial and non-commercial purposes.
Market Dynamics Engine (Revention)// | An All-in-One Market Analysis Suite |
// | |
// | This script provides a holistic view of the market by unifying a |
// | dynamic trend engine, an advanced market structure analysis module,|
// | and a multi-oscillator confluence system for identifying |
// | potential exhaustion points. |
// | |
// | This professional-grade tool features an adaptive trend ribbon, |
// | predictive liquidity targets, and high-probability POI confluence |
// | markers for a complete analytical experience.
EMA 10 & EMA 50A simple Pine Script that combines EMA 10 and EMA 50 into a single indicator so you don’t have to load two separate EMAs
Ohm Horizontal line//@version=5
indicator("Ohm Horizontal line", overlay=true)
// Input parameters
atrPeriod = input.int(14, "ATR Period", minval=1)
atrMultiplier = input.float(1.0, "ATR Multiplier", step=0.1)
numLevels = input.int(10, "Number of Levels (each side)", minval=1)
lineWidth = input.int(1, "Line Width", minval=1, maxval=4)
labelOffset = input.int(20, "Label Offset", minval=0)
// Calculate daily ATR
dailyAtr = request.security(syminfo.tickerid, "D", ta.atr(atrPeriod))
// Function to get rounded price based on ATR
getRoundedPrice(price, atrValue) =>
math.round(price / (atrValue * atrMultiplier)) * (atrValue * atrMultiplier)
// Calculate center price (current close rounded to nearest ATR multiple)
centerPrice = getRoundedPrice(close, dailyAtr)
// Create arrays for price levels
var float levels = array.new_float(2 * numLevels + 1)
var float midLevels = array.new_float(2 * numLevels)
// Update price levels
updateLevels() =>
array.set(levels, numLevels, centerPrice)
for i = 1 to numLevels
upperLevel = centerPrice + i * dailyAtr * atrMultiplier
lowerLevel = centerPrice - i * dailyAtr * atrMultiplier
array.set(levels, numLevels + i, upperLevel)
array.set(levels, numLevels - i, lowerLevel)
// Calculate mid levels
if i > 1
upperMid = (array.get(levels, numLevels + i) + array.get(levels, numLevels + i - 1)) / 2
lowerMid = (array.get(levels, numLevels - i) + array.get(levels, numLevels - i + 1)) / 2
array.set(midLevels, numLevels + i - 2, upperMid)
array.set(midLevels, numLevels - i + 1, lowerMid)
// Update levels on every bar
updateLevels()
// Plot horizontal lines and price labels
var line horizontalLines = array.new_line(2 * numLevels + 1)
var line midLines = array.new_line(2 * numLevels)
var label priceLabels = array.new_label(2 * numLevels + 1)
// Function to draw or update a line
drawLine(lineArray, index, y, color, width, style) =>
if na(array.get(lineArray, index))
array.set(lineArray, index, line.new(bar_index, y, bar_index + 1, y, color=color, width=width, style=style, extend=extend.both))
else
line.set_xy1(array.get(lineArray, index), bar_index, y)
line.set_xy2(array.get(lineArray, index), bar_index + 1, y)
line.set_color(array.get(lineArray, index), color)
line.set_width(array.get(lineArray, index), width)
line.set_style(array.get(lineArray, index), style)
// Draw main levels
for i = 0 to 2 * numLevels
level = array.get(levels, i)
lineColor = i == numLevels ? color.yellow : (i > numLevels ? color.green : color.red)
drawLine(horizontalLines, i, level, lineColor, lineWidth, line.style_solid)
if na(array.get(priceLabels, i))
array.set(priceLabels, i, label.new(bar_index + labelOffset, level, str.tostring(level, format.mintick), color=color.new(color.black, 100), textcolor=lineColor, style=label.style_none, size=size.small))
else
label.set_xy(array.get(priceLabels, i), bar_index + labelOffset, level)
label.set_text(array.get(priceLabels, i), str.tostring(level, format.mintick))
label.set_textcolor(array.get(priceLabels, i), lineColor)
// Draw mid levels (without labels)
for i = 0 to 2 * numLevels - 1
midLevel = array.get(midLevels, i)
lineColor = i >= numLevels ? color.new(color.green, 50) : color.new(color.red, 50)
drawLine(midLines, i, midLevel, lineColor, 1, line.style_dashed)
// Display current ATR value
var label atrLabel = na
label.delete(atrLabel)
atrLabel := label.new(bar_index , high, text="ATR: " + str.tostring(dailyAtr, "#.##"), color=color.new(color.blue, 0), textcolor=color.white, size=size.small)
Ohm Horizontal line//@version=5
indicator("Ohm Horizontal line", overlay=true)
// Input parameters
atrPeriod = input.int(14, "ATR Period", minval=1)
atrMultiplier = input.float(1.0, "ATR Multiplier", step=0.1)
numLevels = input.int(10, "Number of Levels (each side)", minval=1)
lineWidth = input.int(1, "Line Width", minval=1, maxval=4)
labelOffset = input.int(20, "Label Offset", minval=0)
// Calculate daily ATR
dailyAtr = request.security(syminfo.tickerid, "D", ta.atr(atrPeriod))
// Function to get rounded price based on ATR
getRoundedPrice(price, atrValue) =>
math.round(price / (atrValue * atrMultiplier)) * (atrValue * atrMultiplier)
// Calculate center price (current close rounded to nearest ATR multiple)
centerPrice = getRoundedPrice(close, dailyAtr)
// Create arrays for price levels
var float levels = array.new_float(2 * numLevels + 1)
var float midLevels = array.new_float(2 * numLevels)
// Update price levels
updateLevels() =>
array.set(levels, numLevels, centerPrice)
for i = 1 to numLevels
upperLevel = centerPrice + i * dailyAtr * atrMultiplier
lowerLevel = centerPrice - i * dailyAtr * atrMultiplier
array.set(levels, numLevels + i, upperLevel)
array.set(levels, numLevels - i, lowerLevel)
// Calculate mid levels
if i > 1
upperMid = (array.get(levels, numLevels + i) + array.get(levels, numLevels + i - 1)) / 2
lowerMid = (array.get(levels, numLevels - i) + array.get(levels, numLevels - i + 1)) / 2
array.set(midLevels, numLevels + i - 2, upperMid)
array.set(midLevels, numLevels - i + 1, lowerMid)
// Update levels on every bar
updateLevels()
// Plot horizontal lines and price labels
var line horizontalLines = array.new_line(2 * numLevels + 1)
var line midLines = array.new_line(2 * numLevels)
var label priceLabels = array.new_label(2 * numLevels + 1)
// Function to draw or update a line
drawLine(lineArray, index, y, color, width, style) =>
if na(array.get(lineArray, index))
array.set(lineArray, index, line.new(bar_index, y, bar_index + 1, y, color=color, width=width, style=style, extend=extend.both))
else
line.set_xy1(array.get(lineArray, index), bar_index, y)
line.set_xy2(array.get(lineArray, index), bar_index + 1, y)
line.set_color(array.get(lineArray, index), color)
line.set_width(array.get(lineArray, index), width)
line.set_style(array.get(lineArray, index), style)
// Draw main levels
for i = 0 to 2 * numLevels
level = array.get(levels, i)
lineColor = i == numLevels ? color.yellow : (i > numLevels ? color.green : color.red)
drawLine(horizontalLines, i, level, lineColor, lineWidth, line.style_solid)
if na(array.get(priceLabels, i))
array.set(priceLabels, i, label.new(bar_index + labelOffset, level, str.tostring(level, format.mintick), color=color.new(color.black, 100), textcolor=lineColor, style=label.style_none, size=size.small))
else
label.set_xy(array.get(priceLabels, i), bar_index + labelOffset, level)
label.set_text(array.get(priceLabels, i), str.tostring(level, format.mintick))
label.set_textcolor(array.get(priceLabels, i), lineColor)
// Draw mid levels (without labels)
for i = 0 to 2 * numLevels - 1
midLevel = array.get(midLevels, i)
lineColor = i >= numLevels ? color.new(color.green, 50) : color.new(color.red, 50)
drawLine(midLines, i, midLevel, lineColor, 1, line.style_dashed)
// Display current ATR value
var label atrLabel = na
label.delete(atrLabel)
atrLabel := label.new(bar_index , high, text="ATR: " + str.tostring(dailyAtr, "#.##"), color=color.new(color.blue, 0), textcolor=color.white, size=size.small)
LSMAsThis indicator consists of three lines.
The main line (LSMA-A) is the least squares moving average (LSMA).
The second line (SMMA) is the smoothed moving average of the LSMA-A. When the SMMA crosses the LSMA-A below, it generates a BUY signal, while when it crosses the LSMA-A above, it is considered a SELL signal.
Furthermore, an uptrend is considered if the SMMA line is below, or a downtrend if it is above. Along these trend lines, the third line, LSMA-B (another shorter-period least squares moving average) is used to identify peaks and bottoms. This allows for wave analysis.
For optimization, adjusting the shorter period to market conditions is sufficient.
