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Сила быков и медведейThe indicator is based on the idea that the buyer's strength is represented on the chart as the distance from the bar's minimum to the close, and the seller's strength as the distance from the bar's maximum to the close. The indicator finds the difference between the buyer's and seller's strength for each bar, and then the arithmetic mean for the given period. If the indicator value is above 0, then the buyer was stronger than the seller over the given period. If the indicator value is below 0, then the seller was stronger than the buyer over the given period.
Penunjuk Pine Script®
oleh induszaordu
BOS FVG IndicatorBOS FVG Indicator (Smart Market Structure Tool) 🔎 Overview The BOS FVG Indicator is a smart price-action–based tool that combines Break of Structure (BOS), Change of Character (CHoCH), Fair Value Gaps (FVG), Supertrend, and ADX strength into one powerful indicator. It helps traders identify market structure shifts, imbalances, and high-probability trade setups while also highlighting no-trade zones (NTZ) where the market is choppy or lacks trend strength. This indicator is designed for intraday and swing traders who follow ICT-style concepts or price-action based trading. ⚡ Key Features Break of Structure (BOS) & CHoCH Detection Labels bullish BOS (📈 BOS↑) and bearish BOS (📉 BOS↓). Highlights structure shifts for trend confirmation. Fair Value Gaps (FVG) Auto-detects bullish and bearish FVGs. Draws transparent boxes with labels where imbalances appear. Supertrend Confirmation Adaptive supertrend line with dynamic coloring (green = bullish, red = bearish). No Trade Zone (NTZ) Automatically shades background gray when ADX is weak or no BOS detected. Helps avoid false signals in sideways/choppy markets. Multi-Timeframe Context Previous 4H candle range plotted as a dotted yellow box. Useful for intraday traders tracking HTF liquidity zones. Signal Strength Regular and Strong Buy/Sell signals based on ADX confirmation. Labels include entry info, RR (2:1), and trend strength. Market Info Dashboard Table on chart showing ADX strength, current trend, and trade zone status. 🛠 How to Use Add to Chart → Apply the indicator to any timeframe (works best on 5m–1H for intraday, 4H–Daily for swing). Choose Mode Indicator Mode → Shows visual signals, BOS, FVG, NTZ zones, and dashboard. Strategy Mode → Displays trade entry labels with RR info for backtesting setups. Filters Only trade signals when ADX > threshold and NTZ is inactive. Confirm with Supertrend direction + BOS + FVG alignment. Entries & Exits Long Entry → Bullish BOS + Bullish FVG + Trend bullish. Short Entry → Bearish BOS + Bearish FVG + Trend bearish. Stop Loss: Recent swing high/low. Take Profit: Auto-suggested 2:1 RR. 🔔 Alerts Set alerts to never miss key signals: ✅ Bullish / Bearish BOS ✅ Bullish / Bearish FVG ✅ Strong Buy / Sell ✅ Regular Buy / Sell ✅ Long / Short Entries ✅ No Trade Zone active Alerts are pre-configured with clear messages (📈, 📉, 🚀, 🟢, 🔴, ⚪). 📌 Best Use Cases ICT-style liquidity and FVG traders. Intraday traders filtering strong vs weak signals. Swing traders using multi-timeframe confirmation. Traders who want an all-in-one market structure toolkit. 👉 This script is not financial advice. Always backtest before using in live markets.
Penunjuk Pine Script®
oleh sufiyan99
IFVG by Toño# IFVG by Toño - Pine Script Indicator ## Overview This Pine Script indicator identifies and visualizes **Fair Value Gaps (FVG)** and **Inverted Fair Value Gaps (IFVG)** on trading charts. It provides advanced analysis of price inefficiencies and their subsequent inversions when mitigated. ## Key Features ### 1. Fair Value Gap (FVG) Detection - **Bullish FVG**: Detected when `low > high ` (gap between current low and high of 2 bars ago) - **Bearish FVG**: Detected when `high < low ` (gap between current high and low of 2 bars ago) - Visual representation using colored rectangles (green for bullish, red for bearish) ### 2. Inverted Fair Value Gap (IFVG) Creation - **IFVG Formation**: When a FVG gets mitigated (price fills the gap with candle body), an IFVG is created - **Color Inversion**: The IFVG takes the opposite color of the original FVG - Mitigated bullish FVG → Creates red (bearish) IFVG - Mitigated bearish FVG → Creates green (bullish) IFVG - **Mitigation Logic**: Uses only candle body (not wicks) to determine when a FVG is filled ### 3. Customizable Display Options - **Show Normal FVG**: Toggle visibility of regular Fair Value Gaps - **Show IFVG**: Toggle visibility of Inverted Fair Value Gaps - **Smart FVG Display**: Even when "Show Normal FVG" is disabled, FVGs that are part of IFVGs remain visible - **Extension Control**: Option to extend FVGs until they are mitigated ### 4. IFVG Extension Methods - **Full Cross Method**: IFVG remains active until price completely crosses through it (including wicks) - **Number of Bars Method**: IFVG remains active for a specified number of bars (1-100) ### 5. Visual Mitigation Signals - **Cross Markers**: Shows X-shaped markers when IFVGs are mitigated - Green cross above bar: Bearish IFVG mitigated - Red cross below bar: Bullish IFVG mitigated ### 6. Comprehensive Alert System - **IFVG Formation Alerts**: Notifications when new IFVGs are created - **IFVG Mitigation Alerts**: Notifications when IFVGs are filled/mitigated - **Separate Controls**: Individual toggles for bullish and bearish IFVG alerts ## How It Works ### Step-by-Step Process: 1. **FVG Detection**: Script continuously scans for 3-bar patterns that create price gaps 2. **FVG Tracking**: Each FVG is stored with its coordinates, type, and status 3. **Mitigation Monitoring**: Script watches for candle bodies that fill the FVG 4. **IFVG Creation**: Upon mitigation, creates an IFVG with opposite polarity at the same location 5. **IFVG Management**: Tracks and extends IFVGs according to chosen method 6. **Visual Updates**: Dynamically updates colors and visibility based on user settings ## Use Cases - **Support/Resistance Analysis**: IFVGs often act as strong support/resistance levels - **Market Structure Understanding**: Helps identify how market inefficiencies get filled and reversed - **Entry/Exit Timing**: Can be used to time entries around IFVG formations or mitigations - **Confluence Analysis**: Combine with other technical analysis tools for stronger signals ## Configuration Parameters - **Colors**: Customizable colors for bullish/bearish FVGs and IFVGs - **Extension**: Choose how long to display gaps on the chart - **Alerts**: Full control over notification preferences - **Visual Clarity**: Options to show/hide different gap types for cleaner charts ## Technical Specifications - **Pine Script Version**: 5 - **Overlay**: True (displays directly on price chart) - **Max Boxes**: 500 (supports up to 500 simultaneous gaps) - **Performance**: Optimized array management for smooth operation This indicator is particularly valuable for traders who use **Smart Money Concepts (SMC)** and **Inner Circle Trader (ICT)** methodologies, as it provides clear visualization of how institutional order flow creates and fills market inefficiencies.
Penunjuk Pine Script®
oleh saguilera1983
OHLC Lines – Yesterday & Today (Minimalist Option)This indicator draws horizontal lines representing the Open, High, Low, and Close (OHLC) levels of yesterday and today directly on your chart. It automatically updates each day, showing only the lines for the previous day and the current day, keeping your chart clean and focused. Features: Display Yesterday’s OHLC levels. Display Today’s OHLC levels. Optional Minimalist Mode with customizable color, width, and line style. Lines automatically update each day and remove old lines. Fully customizable colors, visibility, and line width for each OHLC level. Use Case: Perfect for traders who want to monitor key daily price levels, identify support/resistance zones, or incorporate OHLC levels into intraday strategies.
Penunjuk Pine Script®
oleh excitedDiamond66798
Offset Strike LinesOffset Strike Lines (OSL) is a tool designed to plot strike-based grid levels by offsetting one symbol against another. It compares two instruments (for example, futures vs. index) and projects evenly spaced horizontal lines above and below a calculated reference price. Each line is annotated with the adjusted counter-symbol price, making it easy to visualize relative levels across markets. Customization options include interval size, number of lines, text size, line and text colors — giving traders a clear, flexible framework for mapping out strike zones and price relationships.
Penunjuk Pine Script®
oleh Refic
MACD + AO + Supertrend Buy/Sell (Dual Timeframe)This indicator combines the MACD, Awesome Oscillator and Supertrend to create buy and sell signals when certain criteria is met. Parameters are standard except for Supertrend uses ATR 13, factor 1.5, MACD fast length is 8 and slow is 13. Once the MACD line, histogram, Awesome Oscillator are above zero, and price is above the Supertrend indicator, a buy signal will be printed. The opposite should print a sell signal. There is an option to set a higher time frame bias too, this should filter out some of the signals. Use at your own discretion but I suggest having the MACD/AO and Supertrend on the charts to verify it's working correctly, then I will tend to ignore signals when the price has already moved too far in the trade direction. Another suggestion would be to use the Supertrend indicator as your stop loss area and then trail that stop once the price moves in a favorable direction. Disclaimer This indicator is provided for informational and educational purposes only. It does not constitute financial advice or a recommendation to buy or sell any financial instrument. Trading involves risk, and past performance is not indicative of future results. Use this tool at your own risk, and always do your own research or consult a licensed financial professional before making trading decisions.
Penunjuk Pine Script®
oleh adebishop1981
T-Virus Sentiment [hapharmonic]🧬 T-Virus Sentiment: Visualize the Market's DNA Remember the iconic T-Virus vial from the first Resident Evil? That powerful, swirling helix of potential has always fascinated me. It sparked an idea: what if we could visualize the market's underlying health in a similar way? What if we could capture the "genetic code" of market sentiment and contain it within a dynamic, 3D indicator? This project is the result of that idea, brought to life with Pine Script. The indicator's main goal is to measure the strength and direction of market sentiment by analyzing the "genetic code" of price action through a variety of trusted indicators. The result is displayed as a liquid level within a DNA helix, a bubble density representing buying pressure, and a T-Virus mascot that reflects the overall mood. 🧐 Core Concept: How It Works The primary output of the indicator is the "Active %" gauge you see on the right side of the vial. This percentage represents the overall sentiment score, calculated as an average from 7 different technical analysis tools. Each tool is analyzed on every bar and assigned a score from 1 (strong bearish pressure) to 5 (strong bullish potential). In this indicator, we re-imagine market dynamics through the lens of a viral outbreak. A strong bear market is like a virus taking hold, pulling all technical signals down into a state of weakness. Conversely, a powerful bull market is like an antiviral serum ; positive signals rise and spread toward the top of the vial, indicating that the system is being injected with strength. This is not just another line on a chart. It's a comprehensive sentiment dashboard designed to give an immediate, at-a-glance understanding of the confluence between 7 classic technical indicators. The incredible 3D model of the vial itself was inspired by a design concept found here . ⚛️ The 4 Core Elements of T-Virus Sentiment These four elements work in harmony to give a complete, multi-faceted picture of market sentiment. Each component tells a different part of the story. The Virus Mascot: An instant emotional cue. This character provides the quickest possible read on the overall market mood, combining sentiment with volume pressure. The Antiviral Serum Level: The main quantitative output. This is the liquid level in the DNA helix and the percentage gauge on the right, representing the average sentiment score from all 7 indicators. Buy Pressure & Bubble Density: This visualizes volume flow. The density of bubbles represents the intensity of accumulation (buying) versus distribution (selling). It's the "power" behind the move. The Signal Distribution: This shows the confluence (or dispersion) of sentiment. Are all signals bullish and clustered at the top, or are they scattered, indicating a conflicted market? The position of the indicator labels is crucial, as each is assigned to one of five distinct zones: Base Bottom: The market is at its weakest. Signals here suggest strong bearish control and distribution. Lower Zone: The market is still bearish, but signals may be showing early signs of accumulation or bottoming. Neutral Core (Center): A state of balance or sideways consolidation. The market is waiting for a new direction. Upper Zone: Bullish momentum is becoming clear. Signals are strengthening and showing bullish control. Top Cap: The market is "heating up" with strong bullish sentiment, potentially nearing overbought conditions. 🐂🐻 The Virus Mascot: The At-a-Glance Indicator This character acts as a shortcut to confirm market health. It combines the sentiment score with volume, preventing false confidence in a low-volume rally. Its state is determined by a dual-check: the overall "Antiviral Serum Level" and the "Buy Pressure" must both be above 50%. Green & Smiling: The 'all clear' signal. This means that not only is the overall technical sentiment bullish, but it's also being supported by real buying pressure. This is a sign of a healthy bull market. Red & Angry: A warning sign. This appears if either the sentiment is weak, or a bullish sentiment is not being confirmed by buying volume. The latter could indicate a potential "bull trap" or an exhaustive move. This mascot can be disabled from the settings page under "Virus Mascot Styling" if a cleaner look is preferred. 🫧 Bubble Density: Gauging Buy vs. Sell Pressure The bubbles visualize the battle between buyers and sellers. There are two modes to control how this is calculated: Mode 1: Visible Range (The 'Big Picture' View) This default mode is best for getting a broad, contextual understanding of the current session. It dynamically analyzes the volume of every single candlestick currently visible on the screen to calculate the buy/sell pressure ratio. It answers the question: "Over the entire period I'm looking at, who is in control?" As you zoom in or out, the calculation adapts. Mode 2: Custom Lookback (The 'Precision' View) This mode is for traders who need to analyze short-term pressure. You can define a fixed number of recent bars to analyze, which is perfect for scalping or understanding the volume dynamics leading into a key level. It answers the question: "What is happening right now ?" In the example above, a lookback of 2 focuses only on the most recent action, clearly showing intense, immediate selling pressure (few bubbles) and a corresponding drop in the sentiment score to 29%. ℹ️ Interactive Tooltips: Dive Deeper We believe in transparency, not 'black box' indicators. This feature transforms the indicator from a visual aid into an active learning tool. Simply hover the mouse over any indicator label (like EMA, OBV, etc.) to get a detailed tooltip. It will explain the specific data points and thresholds that signal met to be placed in its current zone. This helps build trust in the signals and allows users to fine-tune the indicator settings to better match their own trading style. 🎯 The Scoring Logic Breakdown The "Antiviral Serum Level" gauge is the average score from 7 technical analysis tools. Each is graded on a 5-point scale (1=Strong Bearish to 5=Strong Bullish). Here’s a detailed, transparent look at how each "gene" is evaluated: Relative Strength Index (RSI) Measures momentum and overbought/oversold conditions. Group 1 (Strong Bearish): RSI > 80 (Extreme Overbought) Group 2 (Bearish): 70 < RSI ≤ 80 (Overbought) Group 3 (Neutral): 30 ≤ RSI ≤ 70 Group 4 (Bullish): 20 ≤ RSI < 30 (Oversold) Group 5 (Strong Bullish): RSI < 20 (Extreme Oversold) Exponential Moving Averages (EMA) Evaluates the trend's strength and structure based on the alignment of multiple EMAs (9, 21, 50, 100, 200, 250). Group 1 (Strong Bearish): A perfect bearish sequence (9 < 21 < 50 < ...) Group 2 (Bearish Transition): Early signs of a potential reversal (e.g., 9 > 21 but still below 50) Group 3 (Neutral / Mixed): MAs are intertwined or showing a partial bullish sequence. Group 4 (Bullish): A strong bullish sequence is forming (e.g., 9 > 21 > 50 > 100) Group 5 (Strong Bullish): A perfect bullish sequence (9 > 21 > 50 > 100 > 200 > 250) Moving Average Convergence Divergence (MACD) Analyzes the relationship between two moving averages to gauge momentum. Group 1 (Strong Bearish): MACD & Histogram are negative and momentum is falling. Group 2 (Weakening Bearish): MACD is negative but the histogram is rising or positive. Group 3 (Neutral / Crossover): A crossover event is occurring near the zero line. Group 4 (Bullish): MACD & Histogram are positive. Group 5 (Strong Bullish): MACD & Histogram are positive, rising strongly, and accelerating. Average Directional Index (ADX) Measures trend strength, not direction. The score is based on both ADX value and the dominance of DI+ vs DI-. Group 1 (Bearish / No Trend): ADX < 20 and DI- is dominant. Group 2 (Developing Bearish Trend): 20 ≤ ADX < 25 and DI- is dominant. Group 3 (Neutral / Indecision): Trend is weak or DI+ and DI- are nearly equal. Group 4 (Developing Bullish Trend): 25 ≤ ADX ≤ 40 and DI+ is dominant. Group 5 (Strong Bullish Trend): ADX > 40 and DI+ is dominant. Ichimoku Cloud (IKH) A comprehensive indicator that defines support/resistance, momentum, and trend direction. Group 1 (Strong Bearish): Price is below the Kumo, Tenkan < Kijun, and Chikou is below price. Group 2 (Bearish): Price is inside or below the Kumo, with mixed secondary signals. Group 3 (Neutral / Ranging): Price is inside the Kumo, often with a Tenkan/Kijun cross. Group 4 (Bullish): Price is above the Kumo with strong primary signals. Group 5 (Strong Bullish): All signals are aligned bullishly: price above Kumo, bullish Tenkan/Kijun cross, bullish future Kumo, and Chikou above price. Bollinger Bands (BB) Measures volatility and relative price levels. Group 1 (Strong Bearish): Price is below the lower band. Group 2 (Bearish Territory): Price is between the lower band and the basis line. Group 3 (Neutral): Price is hovering around the basis line. Group 4 (Bullish Territory): Price is between the basis line and the upper band. Group 5 (Strong Bullish): Price is above the upper band. On-Balance Volume (OBV) Uses volume flow to predict price changes. The score is based on OBV's trend and its position relative to its moving average. Group 1 (Strong Bearish): OBV is below its MA and falling. Group 2 (Weakening Bearish): OBV is below its MA but showing signs of rising. Group 3 (Neutral): OBV is very close to its MA. Group 4 (Bullish): OBV is above its MA and rising. Group 5 (Strong Bullish): OBV is above its MA, rising strongly, and showing signs of a volume spike. 🧭 How to Use the T-Virus Sentiment Indicator IMPORTANT: This indicator is a sentiment dashboard , not a direct buy/sell signal generator. Its strength lies in showing confluence and providing a quick, holistic view of the market's technical health. Confirmation Tool: Use the "Active %" gauge to confirm a trade setup from your primary strategy. For example, if you see a bullish chart pattern, a high and rising sentiment score can add confidence to your trade. Momentum & Trend Gauge: A consistently high score (e.g., > 75%) suggests strong, established bullish momentum. A consistently low score (< 25%) suggests strong bearish control. A score hovering around 50% often indicates a ranging or indecisive market. Divergence & Warning System: Pay attention to divergences. If the price is making new highs but the sentiment score is failing to follow or is actively decreasing, it could be an early warning sign that the underlying momentum is weakening. ⚙️ Settings & Customization The indicator is highly customizable to fit any trading style. Position & Anchor: Control where the vial appears on the chart. Styling (Vial, Helix, etc.): Nearly every visual element can be color-customized. Signals: This is where the real power is. All underlying indicator parameters (RSI length, MACD settings, etc.) can be fine-tuned to match a personal strategy. The text labels can also be disabled if the chart feels cluttered. Enjoy visualizing the market's DNA with the T-Virus Sentiment indicator
Penunjuk Pine Script®
oleh hapharmonic
10
SMA+MACD+RSI+Stoch Entry📌 Tools Used: • SMA 21, SMA 50, SMA 200 • MACD (12, 26, 9) • Pivot Point Standard • RSI (length 75) • Stochastic (14, 3, 3) Trading Timeframe: • Usable on all timeframes Chart Preparation: • Analyze the overall market trend and the instrument being traded • Set an appropriate timeframe according to the market • Apply SMA 21, SMA 50, SMA 200 • Apply MACD and Pivot Point Standard • Ensure a proper market trend by checking the position of SMA 21, SMA 50, and SMA 200 relative to each other If there are too many crossings between SMA 21, SMA 50, and SMA 200, do not enter any trades until the market trend stabilizes Conditions for Entering a Long Trade (Bullish Trigger): • Candle closes above the pivot line • Confirm an uptrend by checking that SMA 21 is above SMA 50, and SMA 50 is above SMA 200 • RSI is above the midpoint • Presence of a suitable corrective step with normal slope, considering the strength of the previous step • MACD histogram indicates bullish momentum • Stochastic shows a bullish crossover from below Conditions for Entering a Short Trade (Bearish Trigger): • Candle closes below the pivot line • Confirm a downtrend by checking that SMA 21 is below SMA 50, and SMA 50 is below SMA 200 • RSI is below the midpoint • Presence of a suitable corrective step with normal slope, considering the strength of the previous step • MACD histogram indicates bearish momentum • Stochastic shows a bearish crossover from above
Penunjuk Pine Script®
oleh Daragolbon
2
Quarterly Theory —Q1,Q2,Q3,Q4The Quarterly Theory Indicator is a trading tool designed to visualize the natural time-based cycles of the market, based on the principles of Quarterly Theory, popularized by the Inner Circle Trader (ICT). The indicator divides market sessions into four equal “quarters” to help traders identify potential accumulation, manipulation, and distribution phases (AMD model) and improve the timing of entries and exits. Key Features: Quarter Divisions (Q1–Q4): Each market session (e.g., NY AM, London, Asia) is divided into four quarters. Vertical lines mark the beginning of each quarter, making it easy to track session structure. Optional labels show Q1, Q2, Q3, and Q4 directly on the chart. True Open (Q2 Open): The True Open is the opening price of Q2, considered a key reference point in Quarterly Theory. A horizontal red line is drawn at the True Open price with a label showing the exact value. This line helps traders filter bullish and bearish setups: Buy below the True Open if the market is bullish. Sell above the True Open if the market is bearish. Session Awareness: The indicator can automatically detect market sessions and reset lines and labels for each new session. Ensures that only the current session’s True Open and quarter lines are displayed, reducing chart clutter. Timeframe Flexibility: Works on any chart timeframe (1-minute to daily). Maintains accurate alignment of quarters and True Open regardless of the timeframe used. Purpose of Quarterly Theory: Quarterly Theory is based on the idea that market behavior is fractal and time-driven. By dividing sessions into four quarters, traders can anticipate potential market phases: Q1: Initial price discovery and setup for the session. Q2: Accumulation or manipulation phase, where the True Open is established. Q3: Manipulation or Judas Swing phase designed to trap traders. Q4: Distribution or trend continuation/reversal. By visualizing these quarters and the True Open, traders can reduce ambiguity, identify high-probability setups, and improve their timing in line with the ICT AMD (Accumulation, Manipulation, Distribution) framework.
Penunjuk Pine Script®
oleh samgarratt272
Fractals + FVG [Combined]Звісно, ось варіант опису англійською, який можна використати для публікації індикатора в TradingView. Description This script combines two powerful and widely-used trading concepts into a single, comprehensive indicator: Bill Williams Fractals with dynamic support/resistance lines and Fair Value Gaps (FVG) based on the popular logic from LuxAlgo. The goal is to provide a cleaner chart by merging two essential tools, allowing traders to analyze market structure and imbalances simultaneously. Features 1. Williams Fractals with Invalidation Lines This part of the indicator identifies classic Bill Williams fractals and enhances them with a unique visualization feature. Fractal Detection: Automatically identifies both bullish (bottom) and bearish (top) fractals. You can choose between a 3-bar or 5-bar pattern in the settings. Dynamic S/R Lines: A horizontal line is automatically drawn from every confirmed fractal, acting as a potential support or resistance level. Automatic Invalidation: A line is considered "invalidated" or breached when the body of a candle closes past it. When this happens, the line stops extending, changes its color to the "invalidated" color, and remains on the chart as a historical reference. This provides a clear, objective signal that a level has been broken. Customization: You can fully customize the colors for the support, resistance, and invalidated lines to match your chart theme. 2. Fair Value Gaps (FVG) / Imbalance This module incorporates the robust FVG detection logic from LuxAlgo to automatically identify and display market imbalances. FVG Detection: Highlights bullish and bearish Fair Value Gaps on the chart with colored boxes, representing inefficiencies in price delivery. Automatic Mitigation: The FVG boxes are automatically removed from the chart once the price has "mitigated" or filled the gap, keeping your workspace clean and focused on active imbalances. Multi-Timeframe (MTF): You can set the indicator to find and display FVGs from a higher timeframe directly on your current chart. Dashboard: An optional on-screen dashboard provides a quick summary of the total count of bullish/bearish FVGs and the percentage that have been mitigated. Full Customization: Control the colors of FVG boxes, extend their length, and configure other visual style settings. How to Use Fractal Lines: Use the active support and resistance lines as key levels for potential bounces or breaks. A line's invalidation can serve as confirmation of a shift in market structure. FVG Zones: Fair Value Gaps often act as "magnets" for price. Use these zones as potential targets for your trades or as areas of interest for entries when price retraces to fill the imbalance. Combined Strategy: The true power of this indicator comes from combining both concepts. For example, a bullish FVG forming near a key fractal support level can create a high-probability confluence zone for a long entry. Similarly, a break and invalidation of a fractal resistance line might signal that price is heading towards the next bearish FVG above. This indicator is a tool for analysis and should be used in conjunction with your own trading strategy and risk management rules.
Penunjuk Pine Script®
oleh enlil_analytics
Армс Индекс (TRIN) Arms Indicator (TRIN) General description This indicator is designed to visualize the overbought and oversold levels of the stock market. The Arms Index (TRIN) evaluates the ratio of the number of rising and falling stocks to the corresponding ratio of the trading volume of rising and falling stocks. The lower the TRIN indicator, the more overbought the market is, and vice versa — a high TRIN indicates oversold conditions. How to interpret the signal? - Zone below 0.8: The market is overbought, and a downward correction is likely to follow soon. - Zone above 1.2: The market is oversold, an upward reversal is possible. These zones help to identify entry and exit points in a timely manner, optimizing trading decisions. Implementation features 1. Calculation method: The classic TRIN formula is based on the ratio of volume indicators of rising and falling assets. 2. Averaging interval: A moving average (MA) is used with a configurable default period of five days. The user can change this value manually. 3. Level display: The chart shows two key levels: the oversold (1.2) and overbought (0.8) lines. These lines are guidelines for decision-making. Instructions for use 1. Upload the indicator to the chart of your financial instrument. 2. Keep an eye on the TRIN value: does it cross the critical levels (1.2 and 0.8)? 3. Use the TRIN readings as an additional filter to confirm the signal of your main strategies. Remember that the Arms index is best used in conjunction with other technical analysis indicators to achieve maximum signal accuracy. --- I hope this implementation will help you to trade more efficiently and find the best opportunities in the market! © The authorship belongs to Eva-S-Apple.
Penunjuk Pine Script®
oleh Eva-S-Apple