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Z-Score Trend Channels [BackQuant]Z-Score Trend Channels A self-contained price-statistics framework that turns a rolling z-score into price channels, bias states, and trade markers. Run either trend-following or mean-reversion from the same tool with clear, on-chart context. What it is A rolling statistical map that measures how far price is from its recent average in standard-deviation units (z-score). Adaptive channels drawn in price space from fixed z thresholds, so the rails breathe with volatility. A simple trend proxy from z-score momentum to separate trending from ranging conditions. On-chart signals for pullback entries, stretched extremes, and practical exits. Core idea (plain English math) Rolling mean and volatility - Over a lookback you get the average price and its standard deviation. Z-score - How many standard deviations the current price is above or below its average: z = (price - mean) / stdev. z near 0 means near average; positive is above; negative is below. Noise control - An EMA smooths the raw z to reduce jitter and false flickers. Channels back in price - Fixed z levels are converted back to price to form the upper, lower, and extreme rails. Trend proxy - A smoothed change in z is used as a lightweight trend-strength line. Positive strength with positive z favors uptrend; negative strength with negative z favors downtrend. What you see on the chart Channels and fills - Mean, upper, lower, and optional extreme lines. The area mean->upper tints with the bearish color, mean->lower tints with the bullish color. Background tint (optional) - Soft green, red, or neutral based on detected trend state. Signals - Bullish Entry (triangle up) when z exits the oversold zone upward; Bearish Entry (triangle down) when z exits the overbought zone downward; Extreme markers (diamonds) at the extreme bands with a one-bar turn. Table - Current z, trend state, trend strength, distance to bands, market state tag, and a quick volatility regime label. Edge labels - MEAN, OB, and OS labels slightly projected forward with level values. Inputs you will actually use Z-Score Period - Lookback for mean and stdev. Larger = slower and steadier rails, smaller = more reactive. Smoothing Period - EMA on z. Lower = earlier but choppier flips; higher = later but cleaner. Price Source - Default hlc3. Choose close if you prefer session-close logic. Upper and Lower Thresholds - Default around +2.0 and -2.0. Tighten for more signals, widen for fewer and stronger. Extreme Upper and Lower - Deeper stretch guards, e.g., +/- 2.5. Strength Period - EMA on z momentum. Sets how fast the trend proxy flips. Trend Threshold - Minimum absolute z to accept a directional bias. Visual toggles - Channels, signals, background tint, stats table, colors, and optional last-bar trend label. How to use it: trend-following playbook Read the state - Uptrend when z > Trend Threshold and trend strength > 0. Downtrend when z < -Trend Threshold and trend strength < 0. Neutral otherwise. Entries - In an uptrend, prefer Bullish Entry signals that fire near the lower channel. In a downtrend, prefer Bearish Entry signals that fire near the upper channel. Stops - Conservative: beyond the extreme channel on your side. Tighter: just outside the standard band that framed the signal. Exits - For longs, exit or trim on a cross back through z = 0 or a clean tag of the upper threshold. For shorts, mirror with z = 0 up-cross or tag of the lower threshold. You can also reduce if trend strength flips against you. Adds - In strong trends, additional signals near your side’s band can be add points. Avoid adding once z hovers near the opposite band for several bars. How to use it: mean-reversion playbook Find stretch - Standard reversions: Bullish Entry when z leaves the oversold zone upward; Bearish Entry when z leaves the overbought zone downward. Aggressive reversions: Extreme markers at extreme bands with a one-bar turn. Entries - Take the signal as price exits the zone. Prefer setups where trend strength is near zero or tilting against the prior push. Targets - First target is the mean line. A runner can aim for the opposite standard channel if momentum keeps flipping. Stops - Outside the extreme band beyond your entry. If fading without extremes, place risk just beyond the opposite standard band. Filters - Optional: skip counter-trend fades against a very strong trend state unless your risk is tight and predefined. Reading the stats table Current Z-Score - Magnitude and sign of displacement now. Trend State - Uptrend, Downtrend, or Ranging. Trend Strength - Smoothed z momentum. Higher absolute values imply stronger directional conviction. Distance to Upper/Lower - Percent distance from price to each band, useful for sizing targets or judging room left. Market State - Overbought, Oversold, Extreme OB, Extreme OS, or Normal. Volatility Regime - High, Normal, or Low relative to recent distribution. Expect bands to widen in High and tighten in Low. Parameter guidance (conceptual) Z-Score Period - Choose longer for a structural mean, shorter for a reactive mean. Smoothing Period - Lower for earlier but noisier reads; higher for slower but steadier reads. Thresholds - Start around +/- 2.0. Tighten for scalping or quiet ranges. Widen for noisy or fast markets. Trend Threshold and Strength Period - Raise to avoid weak, transient bias. Lower to capture earlier regime shifts. Practical examples Trend pullback long - State shows Uptrend. Price tests the lower channel; z dips near or below the lower threshold; a Bullish Entry prints. Stop just below extreme lower; first target mean; keep a runner if trend strength stays positive. Mean-revert short - State is Ranging. z tags the extreme upper, an Extreme Bearish marker prints, then a Bearish Entry prints on the leave. Stop above extreme upper; target the mean; consider a runner toward the lower channel if strength turns negative. Potential Questions you might have Why z-score instead of fixed offsets - Because the bands adapt with volatility. When the tape gets quiet the rails tighten, when it runs hot the rails expand. Your entries stay normalized. Do I need both modes - No. Many users run only trend pullbacks or only mean-reversions. The tool lets you toggle what you need and keep the chart readable. Multi-timeframe workflow - A common approach is to set bias from a higher timeframe’s trend state and execute on a lower timeframe’s signals that align with it. Summary Z-Score Trend Channels gives you an adaptive mean, volatility-aware rails, a simple trend lens, and clear signals. Trade the trend by buying pullbacks in green and selling pullbacks in red, or fade stretched extremes back to the mean with defined risk. One framework, two strategies, consistent logic.
Penunjuk Pine Script®
oleh BackQuant
Momentum Volume Analyzer [CHE] Momentum Volume Analyzer — Adaptive momentum with volume-gated signals and expressive visual cues Summary This indicator combines a normalized momentum oscillator with a volume Z-score gate and adaptive gradient visuals. The oscillator centers around a midline and scales between a lower and an upper bound. Intensity is derived from the distance to the midline and is normalized inside a rolling window, which helps keep contrast consistent across regimes. Volume pressure is compressed to a discrete level between one and ten and is used to qualify momentum flips and extremes. Layered “burst” markers and optional background gradients provide immediate visual emphasis without adding new data sources. Pine version is v6. The script runs in a separate pane. Motivation: Why this design? Common oscillators flip rapidly during noisy conditions or flatten during calm periods, which obscures actionable shifts. A rolling normalization keeps the visual intensity stable across different regimes, and a volume gate reduces reactions when participation is weak. The goal is clearer momentum shifts that are supported by measurable activity rather than cosmetic smoothing alone. What’s different vs. standard approaches? Baseline reference: Classical RSI-style oscillators or simple filtered momentum without volume gating. Architecture differences: Local window normalization with gamma control for contrast. Volume converted to a Z-score and compressed into a discrete level between one and ten with a configurable cap. Directional color gradients that intensify with distance from the midline. Layered glow markers with optional trail and an internal label budget to avoid UI overload. Practical effect: Signals are visually stronger only when both momentum and volume align; background and line colors convey regime strength at a glance. How it works (technical) Momentum core: A high-pass path with automatic gain control produces a bounded oscillator centered around a midline. A simple moving average smooths the result over a short window. Normalization and contrast: The absolute distance from the midline is scaled inside a rolling window and limited between zero and one. Two gamma parameters separately shape contrast for the line and for labels. Coloring: When the oscillator is above the midline, a green gradient is used; below the midline, a red gradient is used. Intensity increases with normalized distance. Optional area fill to the midline and a background gradient reinforce strength. Volume levels: Volume is standardized over a lookback window, clipped by a user cap, and mapped to a level between one and ten. Only positive excursions are considered; non-positive values map to zero. Event markers: When the oscillator reaches extreme zones and the volume level is positive, the script spawns layered circular labels at fixed y-positions. A small trail can extend behind the event. An internal queue discards the oldest labels when a user-defined maximum is exceeded. Alerts: Alerts fire on overbought and oversold spikes, midline shifts with minimum intensity and volume, and continuation patterns inside strong zones. Parameter Guide TFRSI length (default six): Core momentum lookback. Shorter values react faster but are less stable. Signal SMA (default two): Light smoothing of the oscillator. Larger values reduce jitter. Gradient window (default one hundred): Normalization window for intensity. Longer values produce steadier contrast but slower adaptation. Line/marker transparency (default zero): Visual prominence of drawings. Higher values reduce dominance. Background on and BG transparency (defaults true and eighty-five): Enables and tunes the pane background gradient. Area fill to fifty and Fill transparency (defaults true and eighty): Fills between the oscillator and the midline. Gamma bars/labels and Gamma plot (defaults zero point seven and zero point eight): Contrast shapers for markers and line. Higher values compress low intensities. Bottom marker and Show last N (defaults true and three hundred thirty-three): Optional compact heat markers with a display cap. Up/Down colors: Dark and neon pairs for positive and negative regimes. Lookback (default two hundred) and Z cap (default five): Volume standardization window and clipping level before scaling to one through ten. Enable bursts, Layers, Trail, Trail transparency, Max live labels, Size scale: Control the layered glow effect, trail length, opacity, label budget, and size multiplier. Reducing the size scale lowers visual dominance. Spike min level, Shift min level, Min intensity, Rise/Fall length: Gates for alerts; adjust to balance sensitivity and false positives. Reading & Interpretation Line color and intensity: Green shades above the midline indicate bullish pressure; red shades below indicate bearish pressure. Stronger color corresponds to stronger normalized distance. Background and fill: Reinforce regime strength; consider reducing transparency when the pane feels too busy. Bursts and trails: Emphasize volume-backed extremes. Larger bursts reflect stronger volume levels or scaling choices. Volume level: Internal level between one and ten. Levels near the upper bound signal exceptional activity. Practical Workflows & Combinations Trend following: Use midline cross upward with minimum shift level and intensity as a trigger. Confirm with structure such as higher highs and higher lows. For shorts, reverse the conditions. Exits and risk: Fade exposure when intensity weakens toward the midline or when volume level drops below the shift threshold. Consider disabling bursts when monitoring many symbols. Multi-asset and multi-timeframe: Defaults are designed to travel across liquid futures, large-cap equities, and major crypto pairs. For higher timeframes, increase the lookback window and consider reducing the Z cap. Behavior, Constraints & Performance Repaint and confirmation: Signals are evaluated on the live bar. They can appear and withdraw before bar close. For confirmed signals, require closed-bar alerts or manual confirmation. Higher-timeframe sources: Not used. No `security` calls. Resources: `max_bars_back` is two thousand. The script uses arrays and label objects, including loops for trails. The label budget mitigates clutter. Known limits: Very illiquid symbols with unstable volume can reduce the usefulness of the Z-score. Sharp regime changes can still produce brief flips. Sensible Defaults & Quick Tuning Starting point: TFRSI length six, Signal two, Gradient window one hundred, Z cap five, Spike level six, Shift level four, Min intensity zero point four, Rise length three, Size scale zero point five. Too many flips: Increase Signal, increase Gradient window, or raise Shift level. Too sluggish: Decrease TFRSI length or reduce Gradient window. Bursts too dominant: Lower Size scale or reduce Layers; increase Trail transparency or set Trail length to zero. What this indicator is—and isn’t This is a visualization and signal layer that couples momentum with a volume gate and adaptive visuals. It is not a complete trading system, optimizer, or predictor. Use it together with market structure, risk controls, and position management. 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. Best regards and happy trading Chervolino
Penunjuk Pine Script®
oleh chervolino
3
Cycle-Synced Channel Breakout📌 Cycle-Synced Channel Breakout – Detect Breakouts Confirmed by Candles and Momentum Cycles 📖 Overview The Cycle-Synced Channel Breakout indicator is a precision breakout detection tool that combines the power of: • Adaptive Keltner Channels • Dominant Cycle Period Analysis (Ehlers-inspired) • Candlestick Pattern Recognition (Engulfing) This multi-layered approach helps identify true breakout opportunities by filtering out noise and false signals, making it ideal for swing traders and intraday traders seeking high-probability directional moves. ⚙️ How It Works 1. Keltner Channel Envelope A dynamic volatility channel based on the EMA and ATR defines the upper and lower bounds of price movement. 2. Engulfing Candle Detection The script detects strong bullish and bearish engulfing patterns, which often signal trend reversals or momentum continuations. 3. Dominant Cycle Momentum (Ehlers-inspired) Using a smoothed power oscillator derived from a detrended price series, the indicator assesses whether momentum is accelerating during the breakout — filtering out weak moves. 4. Signal Confirmation Logic A signal is only shown when: • An engulfing pattern is detected, and • Price breaks out of the Keltner Channel, and • Momentum (cycle power) is rising 5. Visual Feedback • Breakout signals are plotted with “BUY” or “SELL” labels • Faded green/red background highlights confirmed breakouts • Optional display of engulfing candles with triangle markers ⸻ 🛠️ Key Features • ✅ Adaptive Keltner Channels • ✅ Bullish/Bearish Engulfing Candle Recognition • ✅ Ehlers-style Cycle Momentum Confirmation • ✅ Background highlights for confirmed breakouts • ✅ Optional candle pattern visualization • ✅ Lightweight and Pine v6 compatible ⸻ 🧪 Inputs • Keltner Length – EMA period for channel basis • Multiplier – Multiplied with ATR to determine band width • Cycle Lookback – Used to calculate smoothed cycle power • Show Engulfing Candles? – Toggles candlestick signals • Show Breakout Signals? – Toggles breakout labels and backgrounds ⸻ 🧠 How to Use • Look for “BUY” or “SELL” labels when: • An engulfing candle breaks through the Keltner Channel • Cycle momentum confirms strength behind the move • The background color will faintly highlight the breakout direction. • Use in combination with other trend or volume indicators for added confluence. 🔒 Notes • This indicator is not repainting. • It is designed for educational and research purposes only. • Works across all timeframes and asset classes (stocks, crypto, forex, etc.)
Penunjuk Pine Script®
oleh TradeTechanalysis
Mystic Pulse V2.0 [CHE] Mystic Pulse V2.0 — Adaptive DI streaks with gradient intensity for clearer trend persistence Summary Mystic Pulse V2.0 measures directional persistence by counting how often the positive or negative directional index strengthens and dominates. These counts drive gradient colors for bars, wicks, and helper plots, so intensity reflects local momentum rather than absolute values. A windowed normalization and gamma control adapt the visuals to recent conditions, preventing one regime from overpowering the next. The result is an immediate, at-a-glance read of trend direction and stamina without relying on crossovers alone. Motivation: Why this design? Classical DI and ADX signals can flip during choppy phases or feel sluggish in calm regimes. This script focuses on persistence: it increments a positive or negative streak only when the corresponding directional pressure both strengthens compared with the prior bar and dominates the other side. Simple OHLC pre-smoothing reduces micro-noise, and local normalization keeps the scale relevant to the last segment of data, not a distant past. What’s different vs. standard approaches? Reference baseline: Traditional DI and ADX lines with crossovers and fixed-scale thresholds. Architecture differences: Wilder-style recursive smoothing on true range and directional movement. Streak counters for positive and negative pressure that advance only on strengthening and dominance. Windowed normalization and gamma shaping for visual intensity. Wick coloring via `plotcandle` with forced overlay from a pane indicator. Practical effect: Bars and wicks grow more vivid during sustained pressure and fade during indecision. The column plots show streak depth directly, which helps filter one-bar flips. How it works (technical) 1. Pre-smoothing: Open, high, low, and close are averaged over a short simple moving window to dampen micro-ticks. 2. Directional inputs: True range and directional movement are formed from the smoothed prices, then recursively smoothed using a Wilder-style update that carries prior state forward. 3. DI comparison: The script derives positive and negative directional ratios relative to smoothed range. A side advances its streak when it increases compared with the previous bar and exceeds the opposite side. The other streak resets. 4. Trend score and color base: The difference between positive and negative streaks defines the active side. 5. Normalization and gamma: The absolute streak magnitude and each side’s streak are normalized within a rolling window. Gamma parameters reshape intensity so mid-range values are either compressed or emphasized. 6. Rendering: Two column plots show positive and negative streak counts in the pane with gradient colors. A square marker at the bottom uses the global gradient as a compact heat cue. Bar colors on the main chart use either the gradient, neutral trend colors, or no paint depending on toggles. Wick, border, and candle overlays are colored via `plotcandle` with forced overlay. 7. State handling: Smoothed values and counters persist across bars; initialization uses first available values without lookahead. No higher-timeframe requests are used, so repaint risk is limited to normal live-bar evolution. Parameter Guide Show neutral candles (fallback) — Paints main-chart bars in plain up or down colors when gradients are disabled — Default false — Use when you prefer simple up/down coloring. Show last N shapes — Limits bottom square markers — Default 333 — Reduce if your chart gets cluttered. ADX smoothing length — Controls the Wilder smoothing window for range and directional movement — Default 9 — Larger values increase stability but respond later. OHLC SMA length — Pre-smoothing for inputs — Default 1 — Increase slightly on noisy assets to reduce flip risk. Gradient barcolor — Enables gradient bar paint on the main chart — Default true — Turn off to use wicks only or neutral bars. Wick coloring — Colors wicks, borders, and bodies via overlay — Default true — Disable if it conflicts with other overlays. Gradient window — Lookback for local normalization — Default 100 — Shorter windows adapt faster; longer windows provide steadier intensity. Gradient transparency — Overall transparency for gradient paints — Default 0 — Increase to make gradients subtler. Gamma bars/shapes — Contrast for bar and shape intensity — Default 0.70 — Lower values brighten mid-tones; higher values compress them. Gamma plots — Contrast for the column plots — Default 0.80 — Tune separately from bar intensity. Wick transparency — Transparency for wick coloring — Default 0 — Raise to let price action show through. Up/Down colors (dark and neon) — Base and accent colors for both directions — Defaults as provided — Adjust to match your chart theme. Reading & Interpretation Pane columns: The green column represents the positive streak count; the red column represents the negative streak count. Taller columns signal stronger persistence. Gradient marker: The bottom square indicates the active side and persistence strength at a glance. Main-chart bars and wicks: Color direction shows the dominant side; intensity reflects the normalized and gamma-shaped streak magnitude. Faded tones suggest weak or fading pressure. Practical Workflows & Combinations Trend following: Enter in the direction of the active side when the corresponding column expands over several bars. Confirm with structure such as higher highs and higher lows or lower highs and lower lows. Exits and stops: Consider scaling out when intensity fades toward mid-range while structure stalls. Tighten stops after extended streaks or when wicks lose intensity. Multi-asset/Multi-TF: Use defaults for liquid assets on intraday to swing timeframes. For highly volatile instruments, raise smoothing and the normalization window. For calm markets, lower them to regain sensitivity. Behavior, Constraints & Performance Repaint/confirmation: Values update during the live bar and stabilize after bar close. No historical repaint beyond normal live-bar updates. security()/HTF: Not used; cross-timeframe repaint paths do not apply. Resources: Declared `max_bars_back` two thousand; no explicit loops or arrays; plot and label limits are generous. Known limits: Streak counters can remain elevated during slow reversals. Very short normalization windows can cause rapid intensity swings. Gaps or extreme spikes may temporarily distort intensity until the window adapts. Sensible Defaults & Quick Tuning Start with: ADX smoothing nine, OHLC SMA one, normalization window one hundred, gradient and wick coloring enabled, gamma around zero point seven to zero point eight. Too many flips: Increase ADX smoothing and the normalization window; consider a small bump in OHLC SMA. Too sluggish: Decrease ADX smoothing and the normalization window. Colors overpower chart: Increase gradient and wick transparency or raise gamma to compress mid-tones. What this indicator is—and isn’t This is a visualization and signal layer that represents directional persistence and intensity. It does not issue trade entries or exits on its own and is not predictive. Use it alongside market structure, volume, and risk controls. Disclaimer The content, including any code, is for educational and informational purposes only and does not constitute financial advice or a recommendation to buy or sell any instrument. Trading involves substantial risk, including the possible loss of principal. Past performance is not indicative of future results. Always do your own research and consider consulting a qualified professional.
Penunjuk Pine Script®
oleh chervolino
BNF 25/50 MA Pullback Screener (Uptrend-Below / Downtrend-Above)Buy candidates: stocks in an uptrend (25MA > 50MA, optional rising slopes) that are currently pulled back below the MAs. • Sell/short candidates: stocks in a downtrend (25MA < 50MA, optional falling slopes) that are currently pushed above the MAs. It plots the MAs, paints the background for trend context, drops signals on the chart, shows a status panel, and exposes alert conditions so you can screen your watchlist via alerts.
Penunjuk Pine Script®
oleh jackson_g_sheehan
RSI ROC Signals with Price Action# RSI ROC Signals with Price Action ## Overview The RSI ROC (Rate of Change) Signals indicator is an advanced momentum-based trading system that combines RSI velocity analysis with price action confirmation to generate high-probability buy and sell signals. This indicator goes beyond traditional RSI analysis by measuring the speed of RSI changes and requiring price confirmation before triggering signals. ## Core Concept: RSI Rate of Change (ROC) ### What is RSI ROC? RSI ROC measures the **velocity** or **acceleration** of the RSI indicator, providing insights into momentum shifts before they become apparent in traditional RSI readings. **Formula**: `RSI ROC = ((Current RSI - Previous RSI) / Previous RSI) × 100` ### Why RSI ROC is Superior to Standard RSI: 1. **Early Momentum Detection**: Identifies momentum shifts before RSI reaches traditional overbought/oversold levels 2. **Velocity Analysis**: Measures the speed of momentum changes, not just absolute levels 3. **Reduced False Signals**: Filters out weak momentum moves that don't sustain 4. **Dynamic Thresholds**: Adapts to market volatility rather than using fixed RSI levels 5. **Leading Indicator**: Provides earlier signals compared to traditional RSI crossovers ## Signal Generation Logic ### 🟢 Buy Signal Process (3-Stage System): #### Stage 1: Trigger Activation - **RSI ROC** > threshold (default 7%) - RSI accelerating upward - **Price ROC** > 0 - Price moving higher - Records the **trigger high** (highest point during trigger) #### Stage 2: Invalidation Check - Signal invalidated if **RSI ROC** drops below negative threshold - Prevents false signals during momentum reversals #### Stage 3: Confirmation - **Price breaks above trigger high** - Price action confirmation - **Current candle is green** (close > open) - Bullish price action - **State alternation** - Ensures no consecutive duplicate signals ### 🔴 Sell Signal Process (3-Stage System): #### Stage 1: Trigger Activation - **RSI ROC** < negative threshold (default -7%) - RSI accelerating downward - **Price ROC** < 0 - Price moving lower - Records the **trigger low** (lowest point during trigger) #### Stage 2: Invalidation Check - Signal invalidated if **RSI ROC** rises above positive threshold - Prevents false signals during momentum reversals #### Stage 3: Confirmation - **Price breaks below trigger low** - Price action confirmation - **Current candle is red** (close < open) - Bearish price action - **State alternation** - Ensures no consecutive duplicate signals ## Key Features ### 🎯 **Smart Signal Management** - **State Alternation**: Prevents signal clustering by alternating between buy/sell states - **Trigger Invalidation**: Automatically cancels weak signals that lose momentum - **Price Confirmation**: Requires actual price breakouts, not just momentum shifts - **No Repainting**: Signals are confirmed and won't disappear or change ### ⚙️ **Customizable Parameters** #### **RSI Length (Default: 14)** - Standard RSI calculation period - Shorter periods = more sensitive to price changes - Longer periods = smoother, less noisy signals #### **Lookback Period (Default: 1)** - Period for ROC calculations - 1 = compares to previous bar (most responsive) - Higher values = smoother momentum detection #### **RSI ROC Threshold (Default: 7%)** - Minimum RSI velocity required for signal trigger - Lower values = more signals, potentially more noise - Higher values = fewer but higher-quality signals ### 📊 **Visual Signals** - **Green Arrow Up**: Buy signal below price bar - **Red Arrow Down**: Sell signal above price bar - **Clean Chart**: No additional lines or oscillators cluttering the view - **Size Options**: Customizable arrow sizes for visibility preferences ## Advantages Over Traditional Indicators ### vs. Standard RSI: ✅ **Earlier Signals**: Detects momentum changes before RSI reaches extremes ✅ **Dynamic Thresholds**: Adapts to market conditions vs. fixed 30/70 levels ✅ **Velocity Focus**: Measures momentum speed, not just position ✅ **Better Timing**: Combines momentum with price action confirmation ### vs. Moving Average Crossovers: ✅ **Leading vs. Lagging**: RSI ROC is forward-looking vs. backward-looking MAs ✅ **Volatility Adaptive**: Automatically adjusts to market volatility ✅ **Fewer Whipsaws**: Built-in invalidation logic reduces false signals ✅ **Momentum Focus**: Captures acceleration, not just direction changes ### vs. MACD: ✅ **Price-Normalized**: RSI ROC works consistently across different price ranges ✅ **Simpler Logic**: Clear trigger/confirmation process vs. complex crossovers ✅ **Built-in Filters**: Automatic signal quality control ✅ **State Management**: Prevents over-trading through alternation logic ## Trading Applications ### 📈 **Trend Following** - Use in trending markets to catch momentum continuations - Combine with trend filters for directional bias - Excellent for breakout strategies ### 🔄 **Swing Trading** - Ideal timeframes: 4H, Daily, Weekly - Captures major momentum shifts - Perfect for position entries/exits ### ⚡ **Scalping (Advanced Users)** - Lower timeframes: 1m, 5m, 15m - Reduce threshold for more frequent signals - Combine with volume confirmation ### 🎯 **Momentum Strategies** - Perfect for momentum-based trading systems - Identifies acceleration phases in trends - Complements breakout and continuation patterns ## Optimization Guidelines ### **Conservative Settings (Lower Risk)** - RSI Length: 21 - ROC Threshold: 10% - Lookback: 2 ### **Standard Settings (Balanced)** - RSI Length: 14 (default) - ROC Threshold: 7% (default) - Lookback: 1 (default) ### **Aggressive Settings (Higher Frequency)** - RSI Length: 7 - ROC Threshold: 5% - Lookback: 1 ## Best Practices ### 🎯 **Entry Strategy** 1. Wait for signal arrow confirmation 2. Consider market context (trend, support/resistance) 3. Use proper position sizing based on volatility 4. Set stop-loss below/above trigger levels ### 🛡️ **Risk Management** 1. **Stop Loss**: Place beyond trigger high/low levels 2. **Position Sizing**: Use 1-2% risk per trade 3. **Market Context**: Avoid counter-trend signals in strong trends 4. **Time Filters**: Consider avoiding signals near major news events ### 📊 **Backtesting Recommendations** 1. Test on multiple timeframes and instruments 2. Analyze win rate vs. average win/loss ratio 3. Consider transaction costs in backtesting 4. Optimize threshold values for different market conditions ## Technical Specifications - **Pine Script Version**: v6 - **Signal Type**: Non-repainting, confirmed signals - **Calculation Basis**: RSI velocity with price action confirmation - **Update Frequency**: Real-time on bar close - **Memory Management**: Efficient state tracking with minimal resource usage ## Ideal For: - **Momentum Traders**: Captures acceleration phases - **Swing Traders**: Medium-term position entries/exits - **Breakout Traders**: Confirms momentum behind breakouts - **System Traders**: Mechanical signal generation with clear rules This indicator represents a significant evolution in momentum analysis, combining the reliability of RSI with the precision of rate-of-change analysis and the confirmation of price action. It's designed for traders who want sophisticated momentum detection with built-in quality controls.
Penunjuk Pine Script®
oleh padavans
TRP Stop-Loss_Trailing SL# TRP Stop-Loss Indicator ## Overview The TRP (True Range Percentage) Stop-Loss indicator is an advanced volatility-based stop-loss tool that provides dynamic position protection based on market volatility. Unlike traditional ATR-based indicators, TRP calculates volatility as a percentage of price, offering superior adaptability across different price ranges and market conditions. ## What is TRP and Why It's Superior to ATR ### TRP (True Range Percentage) TRP calculates the true range as a percentage of the closing price, providing a **normalized volatility measure**. The formula is: ``` TRP = (True Range / Close) × 100 ``` ### Key Advantages of TRP over ATR: 1. **Price-Normalized Volatility**: TRP automatically adjusts for different price levels, making it equally effective whether you're trading a $10 stock or a $1000 stock. 2. **Percentage-Based Risk**: TRP gives you direct percentage risk values, making position sizing and risk management more intuitive. 3. **Better Cross-Market Comparison**: Unlike ATR, TRP allows you to compare volatility across different instruments on an equal basis. 4. **Adaptive to Market Conditions**: TRP naturally scales with price movements, providing more relevant stop-loss levels during trending markets. 5. **Consistent Risk Exposure**: Maintains consistent percentage risk regardless of the underlying asset's price level. ## Indicator Features ### 🎯 **Dual Stop-Loss System** - **Long SL**: Red line below price for long positions - **Short SL**: Blue line above price for short positions - Independent control for each direction ### ⚙️ **Advanced Calculation Options** #### **Multiple TRP Calculation Sources:** - **Current Candle**: Uses real-time running candle data - **Previous Close**: Uses completed candle data (default) - **Last Green Candle**: For longs - uses TRP from the most recent bullish candle - **Last Red Candle**: For shorts - uses TRP from the most recent bearish candle #### **Independent Multipliers:** - Separate multiplier controls for long and short stop-losses - Adjust risk levels independently (0.1x to 10x+ range) - Fine-tune stop-loss distance based on your risk tolerance ### 📊 **Visual Customization** - **Line Styles**: Solid, dashed, or dotted lines - **Custom Colors**: Separate color controls for long/short SL - **Line Width**: Adjustable thickness (1-10) - **Extension**: Customizable projection bars to the right ### 🏷️ **Smart Labeling System** - **Value Display**: Shows exact SL price on the right side of lines - **Toggle Control**: Enable/disable labels as needed - **Size Options**: 5 different label sizes (tiny to huge) - **Color Coordination**: Labels match their respective line colors ### ⏰ **Multi-Timeframe Support** - Calculate TRP on any timeframe while viewing on another - Default: Daily TRP calculation for intraday charts - Maintains calculation integrity across timeframe switches ## How to Use ### Basic Setup: 1. Add the indicator to your chart 2. Select your preferred timeframe for TRP calculation 3. Choose calculation source for long and short positions 4. Adjust multipliers based on your risk tolerance ### Risk Management Applications: - **Conservative**: Use 0.5-0.8 multipliers for tighter stops - **Standard**: Use 1.0 multiplier for normal volatility-based stops - **Aggressive**: Use 1.2-2.0 multipliers for wider stops in volatile markets ### Advanced Strategies: - **Trend Following**: Use "Last Green/Red Candle" sources to adapt to momentum changes - **Breakout Trading**: Use "Current Candle" for real-time stop adjustments - **Swing Trading**: Use "Previous Close" for stable, confirmed levels ## Key Benefits ✅ **Dynamic Adaptation**: Automatically adjusts to changing market volatility ✅ **Percentage Risk Control**: Direct percentage-based risk management ✅ **Multi-Strategy Compatible**: Works with scalping, day trading, and swing trading ✅ **Visual Clarity**: Clean, professional chart display with customizable appearance ✅ **Real-Time Updates**: Instant recalculation when settings change ✅ **No Overlapping Lines**: Smart line management prevents chart clutter ## Best Practices 1. **Backtest First**: Test different multiplier settings on historical data 2. **Market Adaptation**: Adjust multipliers based on current market volatility regime 3. **Combine with Other Signals**: Use TRP stops with your existing entry signals 4. **Position Sizing**: Use TRP percentage values for consistent position sizing 5. **Regular Review**: Periodically review and adjust settings based on performance ## Technical Specifications - **Pine Script Version**: v6 - **Overlay**: Yes (draws directly on price chart) - **Calculations**: Based on 50-period EMA of TRP values - **Updates**: Real-time with automatic line management - **Performance**: Optimized for fast execution and minimal lag This indicator is ideal for traders who want professional-grade, volatility-adaptive stop-loss management with the flexibility to fine-tune risk parameters across different market conditions and trading styles.
Penunjuk Pine Script®
oleh padavans
Awesome Oscillator + ADX Divergence System – RCT FUSION PRO Descripción del script: This script enhances the classic Awesome Oscillator (AO) by integrating non-repainting divergence detection and scaled ADX/DMI trend confirmation, creating a unified framework for identifying high-confluence trade setups. The combination is not arbitrary: divergences in AO signal potential reversals, while ADX validates whether the market has sufficient trend strength to act on them. 1. Customizable Awesome Oscillator: The AO is calculated as the difference between a fast and slow moving average of the median price (HL2). Users can choose between SMA (default) or EMA for both legs. The histogram changes color based on momentum acceleration (green when rising, red when falling), with built-in alerts for color transitions. 2. Divergence Engine (Non-Repainting): Automatically detects regular and hidden bullish/bearish divergences between price and the AO: Regular bullish: Price makes a lower low, AO makes a higher low (potential reversal up). Hidden bullish: Price makes a higher low, AO makes a lower low (continuation signal). Equivalent logic applies for bearish cases. All lines and labels are drawn only after the candle closes, eliminating repainting. Users can toggle visibility, adjust pivot sensitivity (lookback range: 1–60 bars), and choose between 1- or 2-pivot confirmation. 3. Scaled ADX & DMI Overlay: The standard ADX (14-period) and +DI/-DI lines are dynamically scaled to match the amplitude of the AO. This allows direct visual comparison: When AO shows a bullish divergence and +DI > -DI and ADX > 23, the setup gains confluence. The Key Level line (offset to -7) serves as a dynamic reference for ADX strength relative to AO momentum. ADX, DM+, and DM- can be toggled independently. How to use: Look for divergence signals below zero (bullish) or above zero (bearish) in the AO. Confirm with ADX > 23 (strong trend) and directional alignment (+DI > -DI for longs, vice versa for shorts). Use color-change alerts in AO as secondary momentum triggers. This system is designed for swing and intraday traders who seek confirmation across momentum, price structure, and trend strength—reducing false signals through convergence. Versión en español : Este script mejora el Oscilador Awesome (AO) clásico al integrar detección de divergencias sin repintado y confirmación de tendencia mediante ADX/DMI escalado, creando un marco unificado para identificar entradas con alta confluencia. La combinación no es arbitraria: las divergencias en el AO señalan posibles giros, mientras que el ADX valida si el mercado tiene fuerza de tendencia suficiente para actuar. El AO personalizable permite elegir entre SMA o EMA. Las divergencias (regulares y ocultas) se detectan solo tras el cierre de la vela. El ADX y los DM+/- se escalan dinámicamente para alinearse visualmente con el AO, permitiendo evaluar confluencia en tiempo real. Ideal para traders que buscan confirmación entre estructura de precio, momentum y fuerza de tendencia.
Penunjuk Pine Script®
oleh CARLOSVIZCARRA17
RCT FUSION PRO – Convergent Squeeze, Momentum & Trend SystemDescripción del script : This indicator integrates three core technical concepts into a single decision-support framework: Bollinger-Keltner squeeze compression, directional trend strength (ADX/DMI), and multi-timeframe market wave momentum. The goal is not merely to overlay indicators, but to create a convergent signal system where confirmation across components increases the reliability of potential trade setups. 1. Squeeze Momentum (LazyBear’s method): Detects periods of low volatility (squeeze) using Bollinger Bands inside Keltner Channels. When the squeeze “fires,” the linear regression-based oscillator (val) reveals the direction and acceleration of the breakout. Green/lime = bullish momentum; red/maroon = bearish. 2. Adaptive ADX & DMI Scaling: The standard ADX (14-period) and +/-DI lines are dynamically scaled to match the amplitude of the squeeze oscillator. This allows traders to visually assess whether a breakout occurs alongside strong trend confirmation (ADX > 23) and directional bias (+DI > -DI or vice versa). The key level is offset by -7 units for better alignment. 3. Fibonacci Wave Momentum (A/B/C): Three MACD-style histograms (Wave A: 55, Wave B: 144, Wave C: 233) use EMA crossovers with Fibonacci lengths to identify short-, medium-, and long-term momentum shifts. These appear as semi-transparent areas and help contextualize the squeeze signal within broader market cycles. 4. Divergence Detection (Non-repainting): Automatically identifies regular and hidden bullish/bearish divergences between price and the squeeze oscillator. All divergence lines and labels are drawn only after the candle closes, preventing repainting. Alerts are included for all four divergence types. How to use: A squeeze release (black → gray background) combined with rising green histogram and +DI > -DI suggests a high-probability long setup. Confirm with Wave A/B/C alignment (all turning positive) and/or a bullish divergence below zero. Use the Key Level line (white) as a dynamic reference for ADX strength relative to momentum. This system is designed for swing and intraday traders seeking confluence between volatility compression, trend strength, and cyclical momentum. No single component is traded in isolation—convergence is the core principle. Versión en español : Este indicador combina tres conceptos técnicos clave en un solo marco de apoyo a la decisión: compresión de squeeze (Bollinger-Keltner), fuerza direccional de tendencia (ADX/DMI) y momento de ondas de mercado en múltiples plazos. No se trata de una simple superposición, sino de un sistema donde la convergencia de señales aumenta la confiabilidad de las entradas. El Squeeze Momentum detecta baja volatilidad y muestra la dirección del impulso tras la liberación. El ADX y los DM+/- se escalan dinámicamente para alinearse visualmente con el oscilador, permitiendo evaluar si el impulso coincide con una tendencia fuerte. Las Ondas A/B/C (55, 144, 233) muestran el momento en distintos horizontes temporales mediante áreas coloreadas. Las divergencias (regulares y ocultas) se detectan sin repintado y generan alertas. Se recomienda operar solo cuando múltiples componentes coinciden, no de forma aislada. Ideal para traders de swing e intradía que buscan confluencia.
Penunjuk Pine Script®
oleh CARLOSVIZCARRA17