Williams x Briese Hybrid CoT Index
After studying the below CoT (Commitments of Traders) books from ICT's recommended library, I learned that both Larry Williams and Stephen Briese use the same formula for their CoT Index:
COT Index = ((Current Net Position - Lowest Net Position) / (Highest Net Position - Lowest Net Position)) * 100 using a 3-Year lookback period.
Books:
Trade Stocks and Commodities with the Insiders: Secrets of the COT Report by Larry Williams
The Commitments of Traders Bible: How To Profit from Insider Market Intelligence by Stephen Briese
Williams and Briese differ in their plotting of the CoT Index formula in the following ways:
Williams uses a line plot, with thresholds at 25% & 75%
Briese uses a histogram plot, with thresholds at 5% & 90%
I decided to make a "hybrid" indicator of their CoT Index by using Larry Williams' classic line plot instead of a histogram, but with Briese's stricter thresholds of 5% and 95%.
The code is a bit of a remix of the "ICT Commitment of Traders°" indicator by " toodegrees " and is meant for use in a new pane below a Weekly Chart.
You can complement your usage of this indicator with another indicator I've published as shown in the chart above: Briese CoT Movement Index, which you can find on my scripts page. For proper usage, refer to The Commitments of Traders Bible and Trade Stocks and Commodities with the Insiders
As it is, this indicator incorporates the ±40 point "surge" from the Briese CoT Movement Index indicator in the form of labels that are visible above a below the 100% and 0% levels. The green labels at the top indicate buying surges >=40 while the black labels at the bottom indicate selling surges <=-40. If you hover over these labels, you'll see the tooltip for the value of the Movement Index. Again, if you complement this Williams x Briese Hybrid CoT Index with the Briese CoT Movement Index, you'll see the labels from the index align with the points on the histogram which exceed the ±40 levels.
NOTE: This indicator only works with futures contracts, such as on the symbols/codes for:
DX1
6E1
6A1
6B1
6N1
6C1
6S1
6J1
6M1
6Z1
SI1
GC1
PA1
PL1
HG1
BTC1
ETH1
ES1
NQ1
NIY1
CL1
NG1
HO1
RB1
ZB1
ZS1
LE1
HE1
Usage:
Open this indicator in a new pane on a Weekly chart which has one of the listed futures contracts open. It provides insight on the net commercial CoT position, indexed from 0-100%, based on Briese's or Williams' standard 3-year lookback period. Can be used in conjunction with the "Briese CoT Movement Index" which I've published separately. Refer to the books listed above for detailed insight on the theory behind these indicators.
Additional Note, October 14, 2025: Back when I published this indicator originally in July 2025, PineCoders delisted it because my description was in violation of the house rules. Fans of my "Briese CoT Movement Index" have been reaching out, and thus I've decided to republish this indicator, refining the description as much as possible.
Also, please be aware that the CFTC has posted a special announcement on their website: "October 1, 2025: During the shutdown of the federal government, Commitments of Traders Reports will not be published. When the federal government operations return to normal, CFTC will resume publication of the Commitments of Traders in chronological order."
Until the CFTC begins publishing the CoT reports again, the indicator will display data only up to late September 2025.
Penunjuk dan strategi
Free Stock ScreenerMissing great trade opportunities is annoying, and unless you have 12 screens or only trade one market, you are missing a lot of trades. To fix that, we created this free stock screener so you get notified instantly of potential great trading conditions in real time, right on your chart.
You get notified of trading benchmarks being met by the value being displayed on the scanner as well as a color change so that it grabs your attention and makes you aware that you should take a look at the other market and look for a potential trade. It also has built in alerts so you can have an alert notification go off when any of your trading conditions are met instead of needing to watch the scanner for color changes.
The screener will change the ticker symbol background color to red green when price is above or below the previous daily range and above or below both VWAPs. This signals that the ticker is trending, which typically means it is a great time to trade that market and follow the trend.
This free stock screener allows you to scan up to 10 different markets at the same time for various different conditions so you always know what is going on with your favorite trading symbols. If you want to scan more tickers, just add the indicator to your chart again and change the table position to the other side of the screen and update the tickers on the 2nd screener, allowing you to have 20 tickers at a time.
The scanner can be fully customized by changing the markets that it screens and turning on or off as many of them as you would like. You can also turn on or off any of the different data sets so that you only get information about trading conditions that matter to you.
The screener can provide data on any type of market, such as stocks, crypto, futures, forex and more. Each ticker can be adjusted to whatever market you would like it to scan for data in the settings panel, the only limitation is that it will not provide data for the VWAP and volume trend score if the ticker you are screening does not provide volume data.
Screener Features
The scanner will provide the following types of data for each ticker that is turned on:
Volume - Provides a volume score compared to the average volume and notifies you of higher than normal volume and volume spikes on individual bars by changing colors.
Volatility - Provides a volatility score compared to the average volatility and notifies you of higher than normal volatility by changing colors.
Oscillator - Choose between the RSI or CCI. The value of that oscillator will be displayed and will notify you when values are in extreme ranges such as overbought or oversold conditions according to the threshold values you enter in the settings panel. When those thresholds have been breached, you will be notified by it changing color.
Big Candles - Compares the current candle to average previous candle sizes, and changes color to notify you of big candles including a big top wick, big bottom wick, big candle body and big candle high to low range.
Daily Level Touches & Trends - Calculates and displays various daily candle and intraday open price levels that act as support and resistance. Notifies you when price is touching any of the daily levels that are turned on. The levels you can have on are as follows: previous day high, previous day low or previous day open. It also will notify you when price is touching the current day’s open, NY 930am open, Asia 8pm open, London 2am open and NY midnight 12am open. It will also say “Above” if price is above the previous day’s high or it will say “Below” if price is below the previous day’s low. The color of the cell will also change when a level touch is happening or price is above the previous day high or below the previous day low.
VWAP - Choose from 2 different VWAP lengths, default settings are daily and weekly VWAPs. You will get notified if price touches either of the VWAPs and they will also say “Above” or “Below” if price is currently above or below each VWAP.
How To Use The Screener To Help You Trade
The main purpose of the screener is to scan other markets and notify you of potential good trading opportunities such as price bouncing off of the daily levels or VWAPs. It can also be used to know when price is trending according to the VWAPs and daily levels. Lastly, you can use it to know how the volume and volatility trends are currently which gives you more confidence in taking a trade with this data when volume and volatility are present.
Volume Score
When volume is high, this represents a good time to trade because there are many market participants and price is likely to be volatile while there is high volume which can present a lot of good trade setups for you to take.
The volume score shown on the screener measures the current volume trend compared to previous volume trends and calculates that into a score based on 100 being the same as the previous volume trend. So any value above 100 means it is high volume and any value less than 100 means it is lower volume than normal.
In the settings panel, you can adjust the volume threshold that needs to be met for a volume notification to show up. The default setting is at 120, so you will get notified when the current volume trend score is 120 or higher or you can adjust that threshold value to whatever value you prefer.
It also will notify you when there is a volume spike on the current bar. This is determined by calculating an average of the recent volume totals and then checking to see if the current bar is greater than or equal to that average multiplied by 3. So if a single bar has volume that is greater than 3 times what the average volume is, then you will get a notification that says “Spike” to make you aware of that volume spike.
The volume trend threshold, volume spike multiplier and lookback length for the average volume used in volume spike calculations can all be adjusted in the settings panel to fit your desired preferences.
Volatility Score
High volatility can mean it is a great time to trade because the market is moving quickly and providing large enough movements that you can get in and out in a short amount of time, while still accruing decent sized trade PnL.
The volatility score will calculate the current volatility for each market compared to previous conditions and then divide the current volatility by the average volatility to give you a volatility score. Anything over 100 means the market is decently volatile and you should look at that market to find potential trade setups to execute on. Anything below 100 means the market is not very volatile and it is usually best to just wait until volatility returns before you start trading again.
The screener will notify you when the volatility score is above the threshold you set. The default value is set to 90, but can be adjusted to your preference. Pay attention to any market that shows an alert and take a look at that chart because the high volatility may present a good trade setup for you in the near future.
Oscillator Score
The oscillator data can be switched between Relative Strength Index(RSI) and Commodity Channel Index(CCI).
The RSI provides a value between 0 and 100 that indicates the momentum and strength of the recent price action. Many traders use the extremes of the 0-100 range to signal overbought or oversold conditions and use that as a sign to look for price to reverse in the near future. The typical values used for this and the default settings to provide notifications are: 70 for overbought and 30 for oversold. The scanner will notify you when the RSI value is considered overbought or oversold so you know to take a look at the chart and analyze if it is ready for a trade to be taken.
The CCI provides a value that can be used to determine the trend strength of the underlying asset when the oscillator moves above 100 or below -100. These extreme values are outside of the normal accumulation range and signify that price is moving strongly in that direction so it may be a good time to take a trade in the direction of the trend. The scanner will show you the value of the CCI for each market and notify you if that value is above 100 or below -100.
Both RSI and CCI settings can be adjusted in the settings panel to your desired settings so you have the exact oscillator settings you prefer to use as well as the exact values that you want to use for being notified.
Big Candles
Big candles can mean that many traders are buying or selling at the same time and many times indicate a good signal to trade in that same direction. That is why we included this calculation in the screener, so you are always aware when a large candle prints.
It calculates the average size of the recent candles and then uses that average as the benchmark to determine if the current candle is considered big and worthy of notifying you to take a look at that chart.
You can adjust the multiplier used for the big candle threshold to whatever you desire, but the default setting is 3 which means the candle will be considered big and notify you if it is 3 times as large as an average candle.
The big candles data will track the following candle values and notify you with these labels:
High to Low candle size = HL
Candle Body from open to close candle size = OC
Top Wick size = TW
Bottom Wick size = BW
Daily Level Touches & Trend
Daily level touches are excellent levels to watch for price to bounce because they often act as support and resistance levels for intraday trading. The scanner will track each market and notify you when the current candle is touching any of the daily levels that you have turned on in the settings panel.
The main levels that are turned on by default and are useful for all markets and how they will be labeled on the scanner are as follows:
Previous Day High = High
Previous Day Low = Low
Previous Day Open = < Open
Previous Day Close = Close
Current Day Open = Open
We also included some extra levels that are useful for futures traders. They are as follows:
NY 930am Open = 930am
NY 12am Midnight Open = 12am
Asia Open at 8pm NY time = Asia
London Open at 2am NY Time = London
Watch how price reacts to these levels and then trade the bounces off of these levels if the price action confirms that it is going to respect that level.
When price is currently above the previous day high, the scanner will say “Above” and show a green color, indicating a bullish trend and that price is above the previous daily candle’s high.
When price is currently below the previous day low, the scanner will say “Below” and show a red color, indicating a bearish trend and that price is below the previous daily candle’s low.
Pay attention to when price is trending above or below the previous daily candle as those trends can provide excellent trend trading opportunities.
The daily levels that you have turned on in the settings will also show as lines on the chart and include a label next to them, identifying each level so you know what each line represents. You can turn on or off all of the lines shown on the chart in the main settings or turn them off one by one in the style panel of the settings. Labels can also be turned on or off for all of the lines in the main settings panel. You can adjust the label positioning in the Label Offset section of the settings panel.
VWAP Touches & Trend
VWAP stands for volume weighted average price and is a very popular tool that traders use to determine trend direction based on volume as well as an excellent level to trade price bounces off of.
The typical VWAP time period used is Daily, which means the volume weighted average price will reset at the beginning of a new day. We set the first VWAP to be the daily VWAP by default and the second one to be the weekly VWAP. You can adjust both of the time periods to be any of the provided time lengths that you choose.
The screener will show “Above” with a green background color when price is above the VWAP, indicating a bullish trend. It will show “Below” with a red background color when price is below the VWAP, indicating a bearish trend. When both VWAPs are showing Above or Below, you can expect price to trend in that direction, so look for pullbacks you can trade in the direction of the trend. If the VWAPs are showing different directions, then you should expect to bounce back and forth between the VWAPs, but be careful and watch out for price to break beyond either one and start a trend.
When the current candle is touching the VWAP, the scanner will change colors and say VWAP to notify you that price is touching the VWAP and you should look at that chart and analyze the market for a potential bounce off of the VWAP to trade.
Trending Market Signals
Strong trends are excellent markets to trade and can many times provide excellent trading opportunities that don’t require expert price action reading skills to be able to take winning trades from. That is why we included a signal to notify you of a strong trending market.
The strong trending market will show up as a green or red background color for the ticker name. If the color of the ticker name is green, it is notifying you that the price is above the previous daily high, above VWAP 1 and above VWAP 2 and is a good market to look for bullish trend trades. If the color of the ticker name is red, it is notifying you that the price is below the previous daily low, below VWAP 1 and below VWAP 2 and is a good market to look for bearish trend trades.
Changing The Tickers It Scans
To change the tickers that the indicator scans, scroll near the bottom of the settings panel and select the ticker symbol you want to update and then search for the exact symbol you want to use. If you want to scan less tickers, then just turn some of the tickers off that you don’t need.
Scanning More Than 10 Tickers
If you want to scan more than 10 tickers, you can add the scanner to your chart again and then just change the table position to the other side of the screen. This will allow you to scan 10 more tickers that will show up separately. Then if you want even more, just add the indicator to your chart again and update the table position until you have as many markets as you want. The table position setting can be found at the bottom of the main settings panel.
Alerts
The screener has alerts that can be used to notify you when any of the data set thresholds have been met or if price is touching one of the levels. You can set alerts for the following events:
Bullish Trend Alert - Price is above the previous daily high and above both VWAPs.
Bearish Trend Alert - Price is below the previous daily low and below both VWAPs.
High Volume Alert - Volume is higher than the threshold or a volume spike is detected.
High Volatility Alert - Volatility is higher than the threshold.
Oscillator Is Extended Alert - Oscillator value has exceeded the upper or lower threshold.
Big Candle Alert - A big candle has been detected.
Daily Level Touch Alert - One of the daily levels that is turned on is being touched.
VWAP Touch Alert - One of the 2 VWAPs are being touched.
An alert will trigger when any one of tickers on your scanner meets the alert conditions, so when you see the alert, you will need to go to your chart and look at the scanner to see which ticker it was and then navigate to that chart to look for potential trade setups.
The alerts will use the exact same settings you have configured in the settings panel to send you alert notifications. With normal settings, this could give you a lot of alerts, so if you only want alerts to fire when abnormal conditions are being met, try setting up a second screener on your chart that has very high threshold values and only has the most important level touches on. Then turn the setting "Do Not Show The Screener On The Chart" to off so the calculations will still run and fire alerts, but won't clog up your charts. This way you can only get alert notifications when major events happen but still have your normal screener settings available on your chart.
Markets This Can Be Used On
This screener uses the price action and volume data so you can use it to scan any type of market you would like as long as the ticker you are scanning has price and volume data feeds. If a market does not have volume data, then it will just show NaN in the volume row and the VWAP rows will not show anything.
Market Sentiment Technicals by Carlos ChavezA comprehensive visual tool that measures market sentiment by combining multiple indicators (RSI, Stochastic, CCI, Bull/Bear Power, MA, VWAP, Bollinger Bands, Supertrend, Linear Regression, Market Structure, etc.) into a unified sentiment meter.
This script includes:
Horizontal Sentiment Thermometer with clear Strong Bearish → Strong Bullish labels.
Dynamic Color Gradient for intuitive trend visualization (red → green).
Market Sentiment Oscillator with real-time divergence detection.
Technical Panel displaying oscillator and trend indicator readings with automatic normalization.
It’s designed for traders who want a quick and powerful overview of market strength and direction during intraday or swing sessions.
All credits and layout belong to Carlos C.
Inspired by LuxAlgo’s Market Sentiment concept.
This version is a complete re-implementation with unique visual improvements and logic optimizations by Carlos C.
Indicador con RSI, BOS/CHOCHIt visually and simply reflects the CHoCH to CHoCH structure of the SMC, by representing colorful trends.
Candlestick Patterns — Spot NIFTY 5m (No Tweezer) — v6 by ashlinThis indicator automatically detects major candlestick reversal and continuation patterns on the 5-minute Spot NIFTY chart.
It highlights patterns such as Bullish & Bearish Engulfing, Bullish & Bearish Harami, Three White Soldiers, Three Black Crows, Hammer, and Inverted Hammer.
All detections are filtered using trend direction (SMA/EMA), ATR volatility, and NSE session timing, making signals cleaner and more reliable.
Ideal for traders who want a quick visual confirmation of price-action setups without clutter
LEGEND IsoPulse Fusion • Universal Volume Trend Buy Sell RadarLEGEND IsoPulse Fusion • Universal Volume Trend Buy Sell Radar
One line summary
LEGEND IsoPulse Fusion reads intent from price and volume together, learns which features matter most on your symbol, blends them into a single signed Fusion line in a stable unit range, and emits clear Buy Sell Close events with a structure gate and a liquidity safety gate so you act only when the tape is favorable.
What this script is and why it exists
Many traders keep separate windows for trend, volume, volatility, and regime filters. The result can feel fragmented. This script merges two complementary engines into one consistent view that is easy to read and simple to act on.
LEGEND Tensor estimates directional quality from five causally computed features that are normalized for stationarity. The features are Flow, Tail Pressure with Volume Mix, Path Curvature, Streak Persistence, and Entropy Order.
IsoPulse transforms raw volume into two decaying reservoirs for buy effort and sell effort using body location and wick geometry, then measures price travel per unit volume for efficiency, and detects volume bursts with a recency memory.
Both engines are mapped into the same unit range and fused by a regime aware mixer. When the tape is orderly the mixer leans toward trend features. When the tape is messy but a true push appears in volume efficiency with bursts the mixer allows IsoPulse to speak louder. The outcome is a single Fusion line that lives in a familiar range with calm behavior in quiet periods and expressive pushes when energy concentrates.
What makes it original and useful
Two reservoir volume split . The script assigns a portion of the bar volume to up effort and down effort using body location and wick geometry together. Effort decays through time using a forgetting factor so memory is present without becoming sticky.
Efficiency of move . Price travel per unit volume is often more informative than raw volume or raw range. The script normalizes both sides and centers the efficiency so it becomes signed fuel when multiplied by flow skew.
Burst detection with recency memory . Percent rank of volume highlights bursts. An exponential memory of how recently bursts clustered converts isolated blips into useful context.
Causal adaptive weighting . The LEGEND features do not receive static weights. The script learns, causally, which features have correlated with future returns on your symbol over a rolling window. Only positive contributions are allowed and weights are normalized for interpretability.
Regime aware fusion . Entropy based order and persistence create a mixer that blends IsoPulse with LEGEND. You see a single line rather than two competing panels, which reduces decision conflict.
How to read the screen in seconds
Fusion area . The pane fills above and below zero with a soft gradient. Deeper fill means stronger conviction. The white Fusion line sits on top for precise crossings.
Entry guides and exit guides . Two entry guides draw symmetrically at the active fused entry level. Two exit guides sit inside at a fraction of the entry. Think of them as an adaptive envelope.
Letters . B prints once when the script flips from flat to long. S prints once when the script flips from flat to short. C prints when a held position ends on the appropriate side. T prints when the structure gate first opens. A prints when the liquidity safety flag first appears.
Price bar paint . Bars tint green while long and red while short on the chart to mirror your virtual position.
HUD . A compact dashboard in the corner shows Fusion, IsoPulse, LEGEND, active entry and exit levels, regime status, current virtual position, and the vacuum z value with its avoid threshold.
What signals actually mean
Buy . A Buy prints when the Fusion line crosses above the active entry level while gates are open and the previous state was flat.
Sell . A Sell prints when the Fusion line crosses below the negative entry level while gates are open and the previous state was flat.
Close . A Close prints when Fusion cools back inside the exit envelope or when an opposite cross would occur or when a gate forces a stop, and the previous state was a hold.
Gates . The Trend gate requires sufficient entropy order or significant persistence. The Avoid gate uses a liquidity vacuum z score. Gates exist to protect you from weak tape and poor liquidity.
Inputs and practical tuning
Every input has a tooltip in the script. This section provides a concise reference that you can keep in mind while you work.
Setup
Core window . Controls statistics across features. Scalping often prefers the thirties or low fifties. Intraday often prefers the fifties to eighties. Swing often prefers the eighties to low hundreds. Smaller responds faster with more noise. Larger is calmer.
Smoothing . Short EMA on noisy features. A small value catches micro shifts. A larger value reduces whipsaw.
Fusion and thresholds
Weight lookback . Sample size for weight learning. Use at least five times the horizon. Larger is slower and more confident. Smaller is nimble and more reactive.
Weight horizon . How far ahead return is measured to assess feature value. Smaller favors quick reversion impulses. Larger favors continuation.
Adaptive thresholds . Entry and exit levels from rolling percentiles of the absolute LEGEND score. This self scales across assets and timeframes.
Entry percentile . Eighty selects the top quintile of pushes. Lower to seventy five for more signals. Raise for cleanliness.
Exit percentile . Mid fifties keeps trades honest without overstaying. Sixty holds longer with wider give back.
Order threshold . Minimum structure to trade. Zero point fifteen is a reasonable start. Lower to trade more. Raise to filter chop.
Avoid if Vac z . Liquidity safety level. One point two five is a good default on liquid markets. Thin markets may prefer a slightly higher setting to avoid permanent avoid mode.
IsoPulse
Iso forgetting per bar . Memory for the two reservoirs. Values near zero point nine eight to zero point nine nine five work across many symbols.
Wick weight in effort split . Balance between body location and wick geometry. Values near zero point three to zero point six capture useful behavior.
Efficiency window . Travel per volume window. Lower for snappy symbols. Higher for stability.
Burst percent rank window . Window for percent rank of volume. Around one hundred to three hundred covers most use cases.
Burst recency half life . How long burst clusters matter. Lower for quick fades. Higher for cluster memory.
IsoPulse gain . Pre compression gain before the atan mapping. Tune until the Fusion line lives inside a calm band most of the time with expressive spikes on true pushes.
Continuation and Reversal guides . Visual rails for IsoPulse that help you sense continuation or exhaustion zones. They do not force events.
Entry sensitivity and exit fraction
Entry sensitivity . Loose multiplies the fused entry level by a smaller factor which prints more trades. Strict multiplies by a larger factor which selects fewer and cleaner trades. Balanced is neutral.
Exit fraction . Exit level relative to the entry level in fused unit space. Values around one half to two thirds fit most symbols.
Visuals and UX
Columns and line . Use both to see context and precise crossings. If you present a very clean chart you can turn columns off and keep the line.
HUD . Keep it on while you learn the script. It teaches you how the gates and thresholds respond to your market.
Letters . B S C T A are informative and compact. For screenshots you can toggle them off.
Debug triggers . Show raw crosses even when gates block entries. This is useful when you tune the gates. Turn them off for normal use.
Quick start recipes
Scalping one to five minutes
Core window in the thirties to low fifties.
Horizon around five to eight.
Entry percentile around seventy five.
Exit fraction around zero point five five.
Order threshold around zero point one zero.
Avoid level around one point three zero.
Tune IsoPulse gain until normal Fusion sits inside a calm band and true squeezes push outside.
Intraday five to thirty minutes
Core window around fifty to eighty.
Horizon around ten to twelve.
Entry percentile around eighty.
Exit fraction around zero point five five to zero point six zero.
Order threshold around zero point one five.
Avoid level around one point two five.
Swing one hour to daily
Core window around eighty to one hundred twenty.
Horizon around twelve to twenty.
Entry percentile around eighty to eighty five.
Exit fraction around zero point six zero to zero point seven zero.
Order threshold around zero point two zero.
Avoid level around one point two zero.
How to connect signals to your risk plan
This is an indicator. You remain in control of orders and risk.
Stops . A simple choice is an ATR multiple measured on your chart timeframe. Intraday often prefers one point two five to one point five ATR. Swing often prefers one point five to two ATR. Adjust to symbol behavior and personal risk tolerance.
Exits . The script already prints a Close when Fusion cools inside the exit envelope. If you prefer targets you can mirror the entry envelope distance and convert that to points or percent in your own plan.
Position size . Fixed fractional or fixed risk per trade remains a sound baseline. One percent or less per trade is a common starting point for testing.
Sessions and news . Even with self scaling, some traders prefer to skip the first minutes after an open or scheduled news. Gate with your own session logic if needed.
Limitations and honest notes
No look ahead . The script is causal. The adaptive learner uses a shifted correlation, crosses are evaluated without peeking into the future, and no lookahead security calls are used. If you enable intrabar calculations a letter may appear then disappear before the close if the condition fails. This is normal for any cross based logic in real time.
No performance promises . Markets change. This is a decision aid, not a prediction machine. It will not win every sequence and it cannot guarantee statistical outcomes.
No dependence on other indicators . The chart should remain clean. You can add personal tools in private use but publications should keep the example chart readable.
Standard candles only for public signals . Non standard chart types can change event timing and produce unrealistic sequences. Use regular candles for demonstrations and publications.
Internal logic walkthrough
LEGEND feature block
Flow . Current return normalized by ATR then smoothed by a short EMA. This gives directional intent scaled to recent volatility.
Tail pressure with volume mix . The relative sizes of upper and lower wicks inside the high to low range produce a tail asymmetry. A volume based mix can emphasize wick information when volume is meaningful.
Path curvature . Second difference of close normalized by ATR and smoothed. This captures changes in impulse shape that can precede pushes or fades.
Streak persistence . Up and down close streaks are counted and netted. The result is normalized for the window length to keep behavior stable across symbols.
Entropy order . Shannon entropy of the probability of an up close. Lower entropy means more order. The value is oriented by Flow to preserve sign.
Causal weights . Each feature becomes a z score. A shifted correlation against future returns over the horizon produces a positive weight per feature. Weights are normalized so they sum to one for clarity. The result is angle mapped into a compact unit.
IsoPulse block
Effort split . The script estimates up effort and down effort per bar using both body location and wick geometry. Effort is integrated through time into two reservoirs using a forgetting factor.
Skew . The reservoir difference over the sum yields a stable skew in a known range. A short EMA smooths it.
Efficiency . Move size divided by average volume produces travel per unit volume. Normalization and centering around zero produce a symmetric measure.
Bursts and recency . Percent rank of volume highlights bursts. An exponential function of bars since last burst adds the notion of cluster memory.
IsoPulse unit . Skew multiplied by centered efficiency then scaled by the burst factor produces the raw IsoPulse that is angle mapped into the unit range.
Fusion and events
Regime factor . Entropy order and streak persistence form a mixer. Low structure favors IsoPulse. Higher structure favors LEGEND. The blend is convex so it remains interpretable.
Blended guides . Entry and exit guides are blended in the same way as the line so they stay consistent when regimes change. The envelope does not jump unexpectedly.
Virtual position . The script maintains state. Buy and Sell require a cross while flat and gates open. Close requires an exit or force condition while holding. Letters print once at the state change.
Disclosures
This script and description are educational. They do not constitute investment advice. Markets involve risk. You are responsible for your own decisions and for compliance with local rules. The logic is causal and does not look ahead. Signals on non standard chart types can be misleading and are not recommended for publication. When you test a strategy wrapper, use realistic commission and slippage, moderate risk per trade, and enough trades to form a meaningful sample, then document those assumptions if you share results.
Closing thoughts
Clarity builds confidence. The Fusion line gives a single view of intent. The letters communicate action without clutter. The HUD confirms context at a glance. The gates protect you from weak tape and poor liquidity. Tune it to your instrument, observe it across regimes, and use it as a consistent lens rather than a prediction oracle. The goal is not to trade every wiggle. The goal is to pick your spots with a calm process and to stand aside when the tape is not inviting.
2PoleBeluga BuyES with 10 point Stop Loss2PoleBeluga BuyES with 10 point Stop Loss All improvements and ideas are welcome
Liquidity Levels – Previous Month, Current Week, Monday H/LThis indicator automatically plots key high and low wick levels from higher-timeframes - the previous month, previous week, Monday, and current week - helping you visualize institutional liquidity zones and price reaction areas directly on your intraday chart.
Features
Dynamically updates in real time as new highs and lows form.
Choose between Lines or shaded Zones for each period.
Independent toggles for:
Previous Month
Previous Week
Monday
Current Week
Fully customizable: colors, line styles, widths, and opacity.
Optional titles and/or price labels that position intelligently to avoid overlap.
Midpoint or right-edge label placement options.
Auto-selects current week/month, with manual override for backtesting specific dates.
How to Use
Add the indicator to your chart (works best on intraday timeframes).
In settings, enable or disable whichever periods you want displayed.
Select Lines for clean levels or Zones for shaded ranges.
Adjust color and style per period to match your theme.
Toggle Show Titles or Show Prices if you want textual markers above the lines.
Optionally switch off Auto use current week/month to backtest older setups by entering custom week/month numbers.
Best For
Price-action and liquidity-based traders who rely on higher-timeframe structure while executing on lower timeframes.
Smart HA Bias v1 [JopAlgo]Smart HA Bias v1 (SHABV1)
First of all, we love Heikin-Ashi candlestick patterns!
That's why we created an indicator that uses this type of candlestick to create a smoothed chart.
Our SHABV1 creates smoothed Heikin-Ashi candles and measures the body strength (close-to-open) relative to current volatility. This strength is normalized to a cross-asset scale we call HABO (Heikin-Ashi Body Oscillator). We then apply an adaptive smoother that accelerates during clear trends and decelerates during choppy trends. If HABO holds a few bars above an automatic threshold, the regime (bull/bear market) is switched. A yellow regime trail runs below the price in bull markets and above the price in bear markets and serves as an exit guide.
Why this is “SMART” (vs a conventional smoothed HA)
Most HA indicators just smooth candles and color them. SHABV1 adds four edges:
Volatility-neutral strength (HABO):
HA body is divided by ATR and scaled → “+12” on BTC 4H ≈ “+12” on EURUSD 4H. Your thresholds travel across assets/TFs.
Adaptive smoothing (KAMA):
Auto reacts to market efficiency (clean trends vs chop). Less noise without delaying the real move.
Hysteresis + confirmation:
Regime changes require holding beyond ±threshold for N bars → far fewer one-bar fakes.
Regime-aware trail:
A one-way ratchet based on smoothed HA bands. In a bull it only steps up; in a bear it only steps down. Great as a soft stop/exit.
The “Auto” features (and why you can’t tweak them)
We’ve moved the “invisible knobs” into the background so you don’t babysit settings that barely show on chart:
Auto ATR length → HABO scale:
Chooses a sensible ATR window by timeframe, then fine-tunes by recent volatility. Keeps HABO comparable across symbols.
Auto KAMA (adaptive smoothing):
Sets the slow side of the adaptive filter by a noise score. Faster in trends, slower in chop—hands-free.
Auto threshold (±HABO):
Derives a dynamic threshold from the distribution of HABO on your chart, then adjusts by your Sensitivity. No more guessing “8 vs 12 vs 15”.
Auto smoothing split:
One HA Smooth slider controls both smoothing layers under the hood at a calibrated ratio.
These are not adjustable because they’re designed to keep behavior consistent and portable. The two knobs you do control have immediate, visible impact: HA Smooth (structure tightness) and Sensitivity (earlier/stricter flips).
What you can control
HA Smooth — lower = tighter/faster, higher = calmer/slower.
Sensitivity — >1.0 earlier flips, <1.0 stricter.
Confirm Bars — 1–3 (default 2). Higher = fewer whipsaws.
HTF Bias — turn Lightweight OFF and set an HTF (e.g., trade 4H, bias 1D) for top-down alignment.
Visuals — Bias Fill, Regime Trail (ON by default), Status Panel.
How to read it
Color / Regime: green = bull bias, red = bear bias (confirmed by hysteresis).
Yellow line: the Regime Trail (bull = rising floor; bear = falling ceiling).
Status Panel (top-right): Regime | HABO | Slope.
HABO > 0 = bullish pressure; < 0 = bearish.
Slope UP/DOWN = oscillator momentum direction (helps spot weakening).
Simple trading playbook
Pick TF (15m/1H/4H/1D).
(Optional) Enable HTF bias: Lightweight OFF → set HTF to the next TF up. Only take trades with HTF alignment.
Entries:
Safer: enter on confirmed regime (color flip after holding beyond threshold).
Earlier (experienced): zero-cross “early flip” only with extra confluence (VWAP/OBV/SR).
Management:
Let winners run while price respects the Trail.
Consider reduce/exit on close through the Trail or Weakening (slope turns against regime).
Tuning:
Too many flips? Raise Sensitivity↓ (<1.0) or Confirm Bars to 3.
Too late? Sensitivity↑ (>1.0) or lower HA Smooth slightly.
Quick presets (starting points)
15m: Smooth 12, Sens 1.05, Confirm 2, HTF=1H (optional)
1H: Smooth 12, Sens 1.00, Confirm 2, HTF=4H
4H: Smooth 14, Sens 1.00, Confirm 2, HTF=1D
1D: Smooth 16, Sens 0.95, Confirm 2–3, HTF=1W
Why traders like SHABV1
Portable logic: HABO + Auto threshold means fewer re-tunes switching BTC ↔ FX ↔ indices.
Chop-aware: Adaptive smoothing + hysteresis trims false flips.
Clear exits: Regime Trail turns structure into a mechanical trailing rule.
Non-repaint: HTF imports are handled with anti-lookahead; trail ratchets one way.
Notes:
This is a bias/management tool, not financial advice. Use with your own risk model (hard stop at structure or % risk).
X Feigenbaumplots forward “projection zones” derived from a user-defined Feigenbaum Deterministic Range (FDR). Starting from two anchor prices (p01a, p01b) that define the initial condition, the tool computes successive expansion zones above and below that range using fixed scale factors. Each zone is rendered as a shaded box with optional edge outlines, an auto-midline, and an optional label—giving you an at-a-glance map of where price may propagate next.
This indicator is a visual framework, not a signal generator. It’s meant to be combined with your existing structure/flow reads (order flow, VWAPs, ORs, HTF levels, etc.) to plan scenarios, targets, and invalidation.
Key ideas (context)
Initial condition → expansions: You define a deterministic base range (FDR) from which the script projects outward “echoes.”
Bidirectional mapping: Zones are drawn symmetrically as +1, +2, +3, +4 (above) and −1, −2, −3, −4 (below) to reflect potential propagation in either direction.
Diminishing confidence with distance: Farther zones are for scenario planning/targets; nearer zones are more actionable for risk placement and management.
How the levels are built
Feigenbaum Deterministic Range (FDR):
Inputs p01a and p01b define the initial range (FDR = p01a − p01b).
Category “F Range” draws that base box.
Projection Zones:
The script computes zone pairs by offsetting from the initial range using fixed multipliers of FDR. In code, these are the pre-set coefficients:
±1: 0.6714 and 1.5029
±2: 2.5699 and 3.6692
±3: 6.1398 and 8.3384
±4: 13.2796 and 17.6768
Each zone is two prices (a, b) forming a band; the same logic mirrors below the range for the negative side.
Rendering & midlines:
Each enabled category draws a filled box from the anchor bar to the right edge (current bar + extend_len).
Optional outlines (solid/dashed/dotted) for top/bottom/left/right edges.
Optional midline (always dashed) bisects each zone for quick reference.
Anchoring & timeframe logic
Anchor refresh: interval1 sets an HTF “clock” (e.g., Daily). On each new HTF bar, all categories re-anchor at that bar’s index so new projections start cleanly with the fresh session/period.
Extend control: extend_len nudges the right boundary beyond the latest bar for label/edge clarity.
Inputs & styling
Settings group:
Anchor 1 Timeframe (e.g., D) defines the refresh cadence.
Label toggles: show/hide, size, text color, and background.
Feigenbaum DR group:
Enable the base F range, set p01a/p01b, choose fill/line colors, outline style, and the mid toggle.
Ranger Factors groups (Zones ±1…±4):
Each zone can be enabled/disabled, inherits its computed prices, and has independent fill/line color, outline style, and mid toggle.
Practical usage
Scenario mapping: Use +/−1 zones for near-term impulse tracking and intraday targets; treat +/−3 and +/−4 as stretch objectives or “if trend persists” waypoints.
Confluence first: Prioritize trades when a Feigenbaum zone aligns with a known liquidity pool, session level (e.g., OR, ETH/RTH AVWAP), HTF pivot, or key option-derived levels.
Risk & invalidation: The base FDR and nearest zone edges provide clean invalidation references and partial-take structures.
Notes & limitations
The coefficients are fixed in this version (you can expose them as inputs if you want to calibrate per market).
Projections are descriptive, not predictive; treat farther zones as lower-confidence context.
Because anchors reset on the selected HTF, choose interval1 consistent with your playbook (e.g., Daily for RTH framing, Weekly for swing maps).
Output summary
Boxes: FDR (base), Zones +1/−1, +2/−2, +3/−3, +4/−4
Edges: Optional top/bottom/left/right per zone (styleable)
Midlines: Optional dashed mid per zone
Labels: Optional, style-controlled, positioned just beyond the right edge
2Pole Baluga Cycle With 10point SL2Pole Baluga Cycle With 10point SL See table for the results.. working to improve this all thoughts and modifications are welcome. At present I had to break down the script into two legs.. I cannot properly target my web hooks for the buy s and sells.. This strategy will fire a notification to options alpha where i intend to purchase short term spreads.. this strategy is for swing traders as you can see it is best profitable on the longer time frame I also see some short term returns on the 10 minute cycle as well
3 emas + parallel channel (200 candles)It is an indicator designed for scalping, it has 3 configurable emas, which by default come the EMA of 10, 20 and 50 periods, it also draws a parallel channel of the last 200 candles of the graph.
ATR Anchored Range %b by TradeSeekersAll time highs got you spooked to enter with no levels in sight?
Stuck in a multi-week range and wondering where the heck the pivots are!?
Wondering if you're longing the top or shorting the potential bottom and about to get smoked, sending you back to burger flipping?!
Fret not trading friends!
I've been crafting the ultimate map for scalpers, slingers, swingers, swindlers, swashbucklers -and traders too.
Why should I care about this, what's an ATR!?
Nearly any trader that's entered the markets has heard of ATR, perhaps even taken a stab at trying to calculate the flux capacity of a weekly ATR on a lower timeframe. Continually calculating things manually sucks!
Ok, so you haven't heard of ATR? It's the average true range... what's the true range!? It's simply the low subtracted from the high (high - low) of any given candle.
How is ATR useful?
The theory is simple, if the ATRs on the daily timeframe for a stock are 5, then traders may have a reasonable expectation that any day in the near future the stock will mostly move +/- 5 pts. This +/- 5 can be used as a possible daily high and low for traders to use.
But ATR changes as time passes, with every billionaire X post, viral cat meme, fed announcement or government shutdown the market makes it's move. This means without this tool, traders need to run the standard lame (sorry) ATR indicator and then hand draw a bunch of important levels (barf).
I'm convinced and ready to join the ATR army, what do I do?
Glad to have you aboard sailor, slap this indicator on your layout - it'll initially display a bottom panel, say nice things to it.
Usage
The lower panel provides a %b plot representative of the current price relative to the timeframe and period ATR. (Defaults to 1D timeframe and 20 - 20 trading days in a month yo)
This %b plot is a map for price against the key ATR based levels and resets each time the timeframe change occurs.
Keep reading! (maybe grab a snack, you're doing great)
If you want to see what the indicator sees, how it maths the math, open the settings and check the "overlay" option... it's amazing, I know.
Main base of operations
This will be the gray area between first red and green lines, imagine this is a future candle for the timeframe anchored. The red would represent the candle high (red means stop/overbought), and the green would represent the candle low (green means go/oversold).
Regardless of the timeframe anchored, this area always represents the area the ATR indicates will be the building area of the current candle being formed. Traders should expect most of the trading to occur within this area.
The mid line
Don't diddle in the middle, this by default is the open price and it's the ultimate bias filter for bull or bear riders.
Extension areas
Beyond the gray area is the extension zone, this provides a whole ATR from the mid line to the extension.
Assembling a trade plan
There are just a couple of key concepts to master in order to become the ultimate ATR samurai warrior, capable of slicing through even the messiest liquidity.
Above the midline and holding, but still within the gray area? Could be a great long entry with targets to upper levels. The same holds true for below open and holding while still being within the lower gray area.
As price makes it's ascension or decline towards the ends of the initial gray ATR range, consider managing trades here. If it's suspected, due to a strong hold of the midline, that the range low or high is the midline, then continue to manage trades towards the extension zones.
Timeframes and periods oh my
The tooltips already provide some hints, but not everyone goes around clicking and hovering everything in sight (maybe I'm the only one that does that?).
There's a thoughtful approach to the default values, I like to consider the big market participants with my day trades, swings trades and beyond.
By default I've chosen the daily timeframe and a period of 20, one for each trading day of the calendar month.
It's no large leap to consider alternatives, what about 1W timeframe and a period of 4 (1 month) or 52 (1 year)?
The possibilities are nearly infinite, comment on any particular favorite combos.
An Italian Special Bonus!!!
...sorry, it's not pizza....
First, did you know the famous Italian Fibonacci's real name was actually Leonardo? I'm not sure how I feel about that. Fun fact, my ancestors are Italian.
Alright, you may have guessed that the special bonus is the mythical Fibonacci inspired "Golden Pocket", maybe it's a foreshadowing of your pockets - one can only hope.
Use this feature to show the commonly referenced Fibonacci levels within each major ATR range. I've seen some totally mathematical epic-ness with these hence the addition.
Once key ATR levels have been hit look for reversals back to golden pockets (you tricksy hobbits) for potential entry back towards the prior hit ATR level.
The %b turns gold if you have the feature enabled and of course the overlay displays them also, how fun!
Final thoughts
I hope you have as much fun using this indicator as I do, it has brought much joy to my trading experience. If you don't have fun with it, well I hope you had fun reading about it at least.
100% human crafted and darn proud of it
- SyntaxGeek
PALUMA_IQ_Bands_v1.0🔍 Script Description:
PALUMA_IQ Bands v1.0 is a dual-band system based on Exponential Moving Averages (EMA) and Standard Deviation. It is designed to detect price extremes and generate accurate BUY and SELL signals whenever the price breaks through the outer bands.
This script combines two customizable band sets (e.g., 13 and 60 periods), allowing you to analyze both short-term and long-term market behavior simultaneously. Each set plots upper and lower volatility bands, and clear signals are displayed on the chart when the price closes outside those ranges.
💡 Key Features:
Dual volatility bands for layered market analysis
Instant BUY/SELL signals on band breakouts
Visual smoothing for cleaner trend recognition
Fully adjustable settings for personalized strategies
Great for reversal trading, mean reversion, and trend shifts
📌 Use Case:
Optimized for scalping, swing trading, or intraday strategies across all markets — crypto, forex, stocks, indices, and more.
Triple Supertrend (7,3) + (7,2) + (10,4)it gives 3 kind of supertrend collectively together and also give signals when all supertrend change colors in a single candle
We Buy / We Sell - #TheStrat SignalsWe Buy / We Sell - #TheStrat SignalsDescription
This indicator is inspired by the #TheStrat methodology from Rob Smith, designed to identify high-probability "We Buy" (bullish) and "We Sell" (bearish) signals for trading stocks, ETFs, or futures like AMEX:SPY or $VSAT. It combines price action reversal patterns, higher timeframe continuity (HTFC), and optional broadening formation (BF) breaks to time entries with market momentum. Key Features: We Buy Signals: Triggered on a 2d-2u reversal (bearish to bullish candle) when the higher timeframe (HTF) is bullish (green) and optionally at a BF bottom (pivot low break). Labeled as "We Buy" at the candle’s low with a green triangle.
We Sell Signals: Triggered on a 2u-2d reversal (bullish to bearish candle) when the HTF is bearish (red) and optionally at a BF top (pivot high break). Labeled as "We Sell" at the candle’s high with a red triangle.
Candle Numbering: Displays #TheStrat candle types (1=Inside, 2u=Up, 2d=Down, 3=Outside) for context.
Debug Labels: Enabled by default, showing why signals don’t fire (e.g., "No HTFC Buy" if HTF isn’t bullish).
Partial Signals: Optional faint circles for 2d-2u or 2u-2d reversals (without HTFC/BF), disabled by default.
HTFC Background: Green (HTF bullish) or red (HTF bearish) background for timeframe alignment.
How It Works
Based on #TheStrat, the indicator seeks evidence of aggressive buying ("We Buy") or selling ("We Sell") by analyzing: Reversal Patterns: 2d-2u (We Buy): A bearish directional candle (2d) followed by a bullish directional candle (2u), signaling a potential bullish reversal.
2u-2d (We Sell): A bullish directional candle (2u) followed by a bearish directional candle (2d), signaling a potential bearish reversal.
Higher Timeframe Continuity (HTFC): We Buy requires the HTF (e.g., 1H or Daily) to close above its open (bullish).
We Sell requires the HTF to close below its open (bearish).
Broadening Formation (BF): Optional pivot high/low breaks approximate BF extremes (tops for We Sell, bottoms for We Buy).
Can be disabled (use_bf=false) for more frequent signals.
How to Use Setup: Apply to a 5min chart of a liquid asset (e.g., AMEX:SPY , NASDAQ:VSAT ) for intraday trading, or higher timeframes for swing trading.
Ensure sufficient chart history (TradingView > Chart Settings > Max Bars > 1000+).
Settings: Higher Timeframe (htf): Default "60" (1H). Try "15" (15min) for faster signals or "D" (Daily) for swing trades.
Pivot Lookback Length (pivot_len): Default 3. Lower to 1 for more signals, higher for stricter BF breaks.
Require Broadening Formation (use_bf): Default true. Set to false to skip BF checks, increasing signal frequency.
Show We Buy/We Sell Labels: Default true. Shows "We Buy" or "We Sell" on signal candles.
Show Candle Numbers: Default true. Displays 1/2u/2d/3 for #TheStrat context.
Show Debug Labels: Default true. Shows "No HTFC Buy", "No BF Buy", etc., to diagnose missing signals.
Show Partial Signals: Default false. Enable to show faint circles for 2d-2u/2u-2d reversals without HTFC/BF.
Trading: We Buy: Enter long on a green "We Buy" label (with triangle). Set stops below the signal candle’s low. Target BF highs or resistance.
We Sell: Enter short on a red "We Sell" label (with triangle). Set stops above the signal candle’s high. Target BF lows or support.
Use debug labels to understand why signals don’t fire (e.g., "No HTFC Buy" means HTF isn’t bullish).
Partial signals (faint circles) indicate reversals without full conditions, useful for discretionary setups.
Alerts: Right-click the indicator > "Add Alert" on we_buy or we_sell for real-time notifications.
Tips Best Assets: Use on liquid tickers like AMEX:SPY , NASDAQ:QQQ , or NASDAQ:VSAT
Volatility: Signals are more frequent in trending or volatile markets. Check historical periods (e.g., September 2025) for testing.
Risk Management: Always use stops (e.g., 1-2% risk per trade) and validate signals with market context (e.g., sector/index alignment).
Learning #TheStrat: Study Rob Smith’s #TheStrat
Troubleshooting
No Signals? Check debug labels (e.g., "No HTFC Buy" means HTF isn’t bullish). Adjust htf (e.g., "15" or "D").
Set use_bf=false or lower pivot_len to 1 for more signals.
Ensure reversals (2d-2u or 2u-2d) are present (check candle numbers).
Test on volatile periods or liquid tickers.
No Partial Signals? Enable show_partial in settings to see faint circles for 2d-2u/2u-2d reversals.
Confirm reversal patterns exist (e.g., "2d" → "2u" in candle numbers).
IB range + Breakout fibsThe IB High / Low + Auto-Fib indicator automatically plots the Initial Balance range and a Fibonacci projection for each trading day.
Define your IB start and end times (e.g., 09:30–10:30).
The indicator marks the IB High and IB Low from that session and extends them to the session close.
It keeps the last N days visible for context.
When price breaks outside the IB range, it automatically plots a Fibonacci retracement/extension from the opposite IB side to the breakout, using levels 0, 0.236, 0.382, 0.5, 0.618, 0.88, 1.
The Fib updates dynamically as the breakout extends, and labels are neatly aligned on the right side of the chart for clarity.
Ideal for traders who monitor Initial Balance breaks, range expansions, and Fibonacci reaction levels throughout the trading session.
Intrinsic Value AnalyzerThe Intrinsic Value Analyzer is an all-in-one valuation tool that automatically calculates the fair value of a stock using industry-standard valuation techniques. It estimates intrinsic value through Discounted Cash Flow (DCF), Enterprise Value to Revenue (EV/REV), Enterprise Value to EBITDA (EV/EBITDA), and Price to Earnings (P/EPS). The model features adjustable parameters and a built-in alert system that notifies investors in real time when valuation multiples reach predefined thresholds. It also includes a comprehensive, color-coded table that compares the company’s historical average growth rates, valuation multiples, and financial ratios with the most recent values, helping investors quickly assess how current values align with historical averages.
The model calculates the historical Compounded Annual Growth Rates (CAGR) and average valuation multiples over the selected Lookback Period. It then projects Revenue, Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), Earnings per Share (EPS), and Free Cash Flow (FCF) for the selected Forecast Period and discounts their future values back to the present using the Weighted Average Cost of Capital (WACC) or the Cost of Equity. By default, the model automatically applies the historical averages displayed in the table as the growth forecasts and target multiples. These assumptions can be modified in the menu by entering custom REV-G, EBITDA-G, EPS-G, and FCF-G growth forecasts, as well as EV/REV, EV/EBITDA, and P/EPS target multiples. When new input values are entered, the model recalculates the fair value in real time, allowing users to see how changes in these assumptions affect the company’s fair value.
DCF = (Sum of (FCF × (1 + FCF-G) ^ t ÷ (1 + WACC) ^ t) for each year t until Forecast Period + ((FCF × (1 + FCF-G) ^ Forecast Period × (1 + LT Growth)) ÷ ((WACC - LT Growth) × (1 + WACC) ^ Forecast Period)) + Cash - Debt - Preferred Equity - Minority Interest) ÷ Shares Outstanding
EV/REV = ((Revenue × (1 + REV-G) ^ Forecast Period × EV/REV Target) ÷ (1 + WACC) ^ Forecast Period + Cash - Debt - Preferred Equity - Minority Interest) ÷ Shares Outstanding
EV/EBITDA = ((EBITDA × (1 + EBITDA-G) ^ Forecast Period × EV/EBITDA Target) ÷ (1 + WACC) ^ Forecast Period + Cash - Debt - Preferred Equity - Minority Interest) ÷ Shares Outstanding
P/EPS = (EPS × (1 + EPS-G) ^ Forecast Period × P/EPS Target) ÷ (1 + Cost of Equity) ^ Forecast Period
The discounted one-year average analyst price target (1Y PT) is also displayed alongside the valuation labels to provide an overview of consensus estimates. For the DCF model, the terminal long-term FCF growth rate (LT Growth) is based on the selected country to reflect expected long-term nominal GDP growth and can be modified in the menu. For metrics involving FCF, users can choose between reported FCF, calculated as Cash From Operations (CFO) - Capital Expenditures (CAPEX), or standardized FCF, calculated as Earnings Before Interest and Taxes (EBIT) × (1 - Average Tax Rate) + Depreciation and Amortization - Change in Net Working Capital - CAPEX. Historical average values displayed in the left column of the table are based on Fiscal Year (FY) data, while the latest values in the right column use the most recent Trailing Twelve Month (TTM) or Fiscal Quarter (FQ) data. The indicator displays color-coded price labels for each fair value estimate, showing the percentage upside or downside from the current price. Green indicates undervaluation, while red indicates overvaluation. The table follows a separate color logic:
REV-G, EBITDA-G, EPS-G, FCF-G = Green indicates positive annual growth when the CAGR is positive. Red indicates negative annual growth when the CAGR is negative.
EV/REV = Green indicates undervaluation when EV/REV ÷ REV-G is below 1. Red indicates overvaluation when EV/REV ÷ REV-G is above 2. Gray indicates fair value.
EV/EBITDA = Green indicates undervaluation when EV/EBITDA ÷ EBITDA-G is below 1. Red indicates overvaluation when EV/EBITDA ÷ EBITDA-G is above 2. Gray indicates fair value.
P/EPS = Green indicates undervaluation when P/EPS ÷ EPS-G is below 1. Red indicates overvaluation when P/EPS ÷ EPS-G is above 2. Gray indicates fair value.
EBITDA% = Green indicates profitable operations when the EBITDA margin is positive. Red indicates unprofitable operations when the EBITDA margin is negative.
FCF% = Green indicates strong cash conversion when FCF/EBITDA > 50%. Red indicates unsustainable FCF when FCF/EBITDA is negative. Gray indicates normal cash conversion.
ROIC = Green indicates value creation when ROIC > WACC. Red indicates value destruction when ROIC is negative. Gray indicates positive but insufficient returns.
ND/EBITDA = Green indicates low leverage when ND/EBITDA is below 1. Red indicates high leverage when ND/EBITDA is above 3. Gray indicates moderate leverage.
YIELD = Green indicates positive shareholder return when Shareholder Yield > 1%. Red indicates negative shareholder return when Shareholder Yield < -1%.
The Return on Invested Capital (ROIC) is calculated as EBIT × (1 - Average Tax Rate) ÷ (Average Debt + Average Equity - Average Cash). Shareholder Yield (YIELD) is calculated as the CAGR of Dividend Yield - Change in Shares Outstanding. The Weighted Average Cost of Capital (WACC) is displayed at the top left of the table and is derived from the current Market Cap (MC), Debt, Cost of Equity, and Cost of Debt. The Cost of Equity is calculated using the Equity Beta, Index Return, and Risk-Free Rate, which are based on the selected country. The Equity Beta (β) is calculated as the 5-year Blume-adjusted beta between the weekly logarithmic returns of the underlying stock and the selected country’s stock market index. For accurate calculations, it is recommended to use the stock ticker listed on the primary exchange corresponding to the company’s main index.
Cost of Debt = (Interest Expense on Debt ÷ Average Debt) × (1 - Average Tax Rate)
Cost of Equity = Risk-Free Rate + Equity Beta (β) × (Index Return - Risk-Free Rate)
WACC = (MC ÷ (MC + Debt)) × Cost of Equity + (Debt ÷ (MC + Debt)) × Cost of Debt
This indicator works best for operationally stable and profitable companies that are primarily valued based on fundamentals rather than speculative growth, such as those in the industrial, consumer, technology, and healthcare sectors. It is less suitable for early-stage, unprofitable, or highly cyclical companies, including energy, real estate, and financial institutions, as these often have irregular cash flows or distorted balance sheets. It is also worth noting that TradingView’s financial data provider, FactSet, standardizes financial data from official company filings to align with a consistent accounting framework. While this improves comparability across companies, industries, and countries, it may also result in differences from officially reported figures.
In summary, the Intrinsic Value Analyzer is a comprehensive valuation tool designed to help long-term investors estimate a company’s fair value while comparing historical averages with the latest values. Fair value estimates are driven by growth forecasts, target multiples, and discount rates, and should always be interpreted within the context of the underlying assumptions. By default, the model applies historical averages and current discount rates, which may not accurately reflect future conditions. Investors are therefore encouraged to adjust inputs in the menu to better understand how changes in these key assumptions influence the company’s fair value.
🏆 GoldTradePro AutoCycle v5.0To trigger my alerts, this script is brilliant, a sensational indicator. Ask me for more if you're interested.
Anchored VWAP Polyline [CHE] Anchored VWAP Polyline — Anchored VWAP drawn as a polyline from a user-defined bar count with last-bar updates and optional labels
Summary
This indicator renders an anchored Volume-Weighted Average Price as a continuous polyline starting from a user-selected anchor point a specified number of bars back. It accumulates price multiplied by volume only from the anchor forward and resets cleanly when the anchor moves. Drawing is object-based (polyline and labels) and updated on the most recent bar only, which reduces flicker and avoids excessive redraws. Optional labels mark the anchor and, conditionally, a delta label when the current close is below the historical close at the anchor offset.
Motivation: Why this design?
Anchored VWAP is often used to track fair value after a specific event such as a swing, breakout, or session start. Traditional plot-based lines can repaint during live updates or incur overhead when frequently redrawn. This implementation focuses on explicit state management, last-bar rendering, and object recycling so the line stays stable while remaining responsive when the anchor changes. The design emphasizes deterministic updates and simple session gating from the anchor.
What’s different vs. standard approaches?
Baseline: Classic VWAP lines plotted from session open or full history.
Architecture differences:
Anchor defined by a fixed bar offset rather than session or day boundaries.
Object-centric drawing via `polyline` with an array of `chart.point` objects.
Last-bar update pattern with deletion and replacement of the polyline to apply all points cleanly.
Conditional labels: an anchor marker and an optional delta label only when the current close is below the historical close at the offset.
Practical effect: You get a visually continuous anchored VWAP that resets when the anchor shifts and remains clean on chart refreshes. The labels act as lightweight diagnostics without clutter.
How it works (technical)
The anchor index is computed as the latest bar index minus the user-defined bar count.
A session flag turns true from the anchor forward; prior bars are excluded.
Two persistent accumulators track the running sum of price multiplied by volume and the running sum of volume; they reset when the session flag turns from false to true.
The anchored VWAP is the running sum divided by the running volume whenever both are valid and the volume is not zero.
Points are appended to an array only when the anchored VWAP is valid. On the most recent bar, any existing polyline is deleted and replaced with a new one built from the point array.
Labels are refreshed on the most recent bar:
A yellow warning label appears when there are not enough bars to compute the reference values.
The anchor label marks the anchor bar.
The delta label appears only when the current close is below the close at the anchor offset; otherwise it is suppressed.
No higher-timeframe requests are used; repaint is limited to normal live-bar behavior.
Parameter Guide
Bars back — Sets the anchor offset in bars; default two hundred thirty-three; minimum one. Larger values extend the anchored period and increase stability but respond more slowly to regime changes.
Labels — Toggles all labels; default enabled. Disable to keep the chart clean when using multiple instances.
Reading & Interpretation
The polyline represents the anchored VWAP from the chosen anchor to the current bar. Price above the line suggests strength relative to the anchored baseline; price below suggests weakness.
The anchor label shows where the accumulation starts.
The delta label appears only when today’s close is below the historical close at the offset; it provides a quick context for negative drift relative to that reference.
A yellow message at the current bar indicates the chart does not have enough history to compute the reference comparison yet.
Practical Workflows & Combinations
Trend following: Anchor after a breakout bar or a swing confirmation. Use the anchored VWAP as dynamic support or resistance; look for clean retests and holds for continuation.
Mean reversion: Anchor at a local extreme and watch for approaches back toward the line; require structure confirmation to avoid early entries.
Session or event studies: Re-set the anchor around earnings, macro releases, or session opens by adjusting the bar offset.
Combinations: Pair with structure tools such as swing highs and lows, or with volatility measures to filter chop. The labels can be disabled when combining multiple instances to maintain chart clarity.
Behavior, Constraints & Performance
Repaint and confirmation: The line is updated on the most recent bar only; historical values do not rely on future bars. Normal live-bar movement applies until the bar closes.
No higher timeframe: There is no `security` call; repaint paths related to higher-timeframe lookahead do not apply here.
Resources: Uses one polyline object that is rebuilt on the most recent bar, plus two labels when conditions are met. `max_bars_back` is two thousand. Arrays store points from the anchor forward; extremely long anchors or very long charts increase memory usage.
Known limits: With very thin volume, the VWAP can be unavailable for some bars. Very large anchors reduce responsiveness. Labels use ATR for vertical placement; extreme gaps can place them close to extremes.
Sensible Defaults & Quick Tuning
Starting point: Bars back two hundred thirty-three with Labels enabled works well on many assets and timeframes.
Too noisy around the line: Increase Bars back to extend the accumulation window.
Too sluggish after regime changes: Decrease Bars back to focus on a shorter anchored period.
Chart clutter with multiple instances: Disable Labels while keeping the polyline visible.
What this indicator is—and isn’t
This is a visualization of an anchored VWAP with optional diagnostics. It is not a full trading system and does not include entries, exits, or position management. Use it alongside clear market structure, risk controls, and a plan for trade management. It does not predict future prices.
Inputs with defaults
Bars back: two hundred thirty-three bars, minimum one.
Labels: enabled or disabled toggle, default enabled.
Pine version: v6
Overlay: true
Primary outputs: one polyline, optional labels (anchor, conditional delta, and a warning when insufficient bars).
Metrics and functions: volume, ATR for label offset, object drawing via polyline and chart points, last-bar update pattern.
Special techniques: session gating from the anchor, persistent state, object recycling, explicit guards against unavailable values and zero volume.
Compatibility and assets: Designed for standard candlestick or bar charts across liquid assets and common timeframes.
Diagnostics: Yellow warning label when history is insufficient.
Disclaimer
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
Do not use this indicator on Heikin-Ashi, Renko, Kagi, Point-and-Figure, or Range charts, as these chart types can produce unrealistic results for signal markers and alerts.
Best regards and happy trading
Chervolino
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