Strength of Divergence Across Multiple Indicators (+CMF&VWMACD)Modified Version of Strength of Divergence Across Multiple Indicators by reees
Purpose:
This Pine Script indicator is designed to identify and evaluate the strength of bullish and bearish divergences across multiple technical indicators. Divergences occur when the price of an asset is moving in one direction while a technical indicator is moving in the opposite direction, potentially signaling a trend reversal.
Key Features:
1. Multiple Indicator Support: The script now analyzes divergences for the following indicators:
* RSI (Relative Strength Index)
* OBV (On-Balance Volume)
* MACD (Moving Average Convergence/Divergence)
* STOCH (Stochastic Oscillator)
* CCI (Commodity Channel Index)
* MFI (Money Flow Index)
* AO (Awesome Oscillator)
* CMF (Chaikin Money Flow) - Newly added
* VWMACD (Volume-Weighted MACD) - Newly added
2. Customizable Divergence Parameters:
* Bullish/Bearish: Enable or disable the detection of bullish and bearish divergences independently.
* Regular/Hidden: Detect both regular and hidden divergences (hidden divergences can indicate trend continuation).
* Broken Trendline Exclusion: Optionally ignore divergences where the trendline connecting price pivots is broken by an intermediate pivot.
* Pivot Lookback Periods: Adjust the number of bars used to identify valid pivot highs and lows for divergence calculations.
* Weighting: Assign different weights to regular vs. hidden divergences and to the relative change in price vs. the indicator.
3. Indicator-Specific Settings:
* Weight: Each indicator can be assigned a weight, influencing its contribution to the overall divergence strength calculation.
* Extreme Value: Define a threshold above which an indicator's divergence is considered "extreme," giving it a higher strength rating.
4. Divergence Strength Calculation:
* For each indicator, the script calculates a divergence "degree" based on the magnitude of the divergence and the user-defined weightings.
* The total divergence strength is the sum of the individual indicator divergence degrees.
* Strength is categorized as "Extreme," "Very strong," "Strong," "Moderate," "Weak," or "Very weak."
5. Visualization:
* Divergence Lines: The script draws lines on the chart connecting the price and indicator pivots that form a divergence (optional, with customizable transparency).
* Labels: Labels display the total divergence strength and a breakdown of each indicator's contribution. The size and visibility of labels are based on the strength.
6. Alerts:
* The script can generate alerts when the total divergence strength exceeds a user-defined threshold.
New Indicators (CMF and VWMACD):
* Chaikin Money Flow (CMF):
* Purpose: Measures the buying and selling pressure by analyzing the relationship between price, volume, and the accumulation/distribution line.
* Divergence: A bullish CMF divergence occurs when the price makes a lower low, but the CMF makes a higher low (suggesting increasing buying pressure). A bearish divergence is the opposite.
* Volume-Weighted MACD (VWMACD):
* Purpose: Similar to the standard MACD but uses volume-weighted moving averages instead of simple moving averages, giving more weight to periods with higher volume.
* Divergence: Divergences are interpreted similarly to the standard MACD, but the VWMACD can be more sensitive to volume changes.
How It Works (Simplified):
1. Pivot Detection: The script identifies pivot highs and lows in both price and the selected indicators using the specified lookback periods.
2. Divergence Check: For each indicator:
* It checks if a series of pivots in price and the indicator are diverging (e.g., price makes a lower low, but the indicator makes a higher low for a bullish divergence).
* It calculates the divergence degree based on the difference in price and indicator values, weightings, and whether it's a regular or hidden divergence.
3. Strength Aggregation: The script sums up the divergence degrees of all enabled indicators to get the total divergence strength.
4. Visualization and Alerts: It draws lines and labels on the chart to visualize the divergences and generates alerts if the total strength exceeds the set threshold.
Benefits:
* Comprehensive Divergence Analysis: By considering multiple indicators, the script provides a more robust assessment of potential trend reversals.
* Customization: The many adjustable parameters allow traders to fine-tune the script to their specific trading style and preferences.
* Objective Strength Evaluation: The divergence strength calculation and categorization offer a more objective way to evaluate the significance of divergences.
* Early Warning System: Divergences can often precede significant price movements, making this script a valuable tool for anticipating potential trend changes.
* Volume Confirmation: The inclusion of CMF and VWMACD add volume-based confirmation to the divergence signals, potentially increasing their reliability.
Limitations:
* Lagging Indicators: Most of the indicators used are lagging, meaning they are based on past price data. Divergences may sometimes occur after a significant price move has already begun.
* False Signals: No indicator is perfect, and divergences can sometimes produce false signals, especially in choppy or ranging markets.
* Subjectivity: While the script aims for objectivity, some settings (like weightings and extreme values) still involve a degree of subjective judgment.
Penunjuk dan strategi
Intraday -RSKWhat You See:
Session Boxes:
As you observe, the larger purple box represents the Asian Session, spanning from around 22:00 to 06:00 UTC. You notice how it captures the overnight market activity.
The smaller, greyish box marks the London Session, from about 08:00 to 12:00 UTC. You can see how the price action changes during this session.
The New York Session is also indicated, with vertical lines possibly marking the open and close, helping you track movements as the U.S. markets come into play.
High and Low Levels:
Horizontal lines are drawn at the high and low of each session. You can use these as potential support or resistance levels, aiding in your decision-making process.
Vertical Lines:
These lines likely correspond to specific key times, such as session opens or closes. You can quickly identify the transition between sessions, which is crucial for your timing.
Color Coding:
Each session is color-coded, making it easier for you to distinguish between them at a glance. The purple, grey, and additional lines offer a clear visual distinction.
How You Use It:
This indicator is your go-to for understanding how different market sessions affect price action. You’ll use it to:
Recognize important price levels within each session.
Identify potential entry and exit points based on session highs and lows.
Observe how the market transitions from one session to another, giving you insight into the best times to trade.
Customization:
You have the flexibility to adjust the settings. You can change session times to suit your trading hours, modify colors to match your chart theme, and even choose which sessions to display or hide based on your focus.
This tool is designed to enhance your analysis, providing you with a structured view of market sessions. With this indicator, you’re well-equipped to navigate the global markets with greater precision and confidence.
Open-source script
Valuation MetricValuation Metric Indicator
The Valuation Metric Indicator provides a comprehensive tool for evaluating price dynamics in relation to a moving average and standard deviation. It combines the power of statistical analysis with clear visualizations to help traders assess market valuation levels and potential overbought or oversold conditions.
Key Features:
Z-Score Calculation:
Displays the Z-score of the price relative to the moving average, normalized by standard deviation.
Z-score is clamped within the range of -3 to +3 to focus on significant deviations.
Standard Deviation Bands:
Plots bands at 1x, 2x, and 3x standard deviations above and below the moving average.
Helps identify areas of extreme overvaluation or undervaluation.
Dynamic Valuation Table:
Displays the current Z-score and provides a textual assessment of the market's valuation:
Overvalued
Slightly Overvalued
Neutral
Slightly Undervalued
Undervalued
Background color dynamically changes based on the valuation.
Customizable Background Signals:
Optional background highlighting for "Top Signal" (overvaluation) and "Bottom Signal" (undervaluation).
Configurable Display:
Users can toggle the visibility of standard deviation bands and background signals to fit their preferences.
Color-Coded Visualization:
Uses gradient-based color coding for Z-scores and standard deviation bands, improving readability and decision-making.
SMA Ribbon [A]SMA Ribbon with Adjustable MA200
20, 50, 100, and 200 -period Simple Moving Averages (SMAs) for trend analysis.
The SMA200 dynamically changes color based on its direction—green when rising and red when falling. Additionally, you can lock the SMA200 to the daily timeframe , allowing it to display the 200-day moving average on lower timeframes, such as 4-hour or 1-hour charts.
Features:
Dynamic SMA200 Color: Automatically adjusts to show upward (green) or downward (red) trends.
Daily SMA200 Option: Enables the SMA200 to represent the 200-day moving average on intraday charts for long-term trend insights.
Smart Adaptation: The daily SMA200 setting is automatically disabled on daily or higher timeframes, ensuring accurate period calculations.
How to Use:
Use this script to identify key support/resistance levels and overall market trends.
Adjust the "Daily MA for MA200" option in the settings to toggle between timeframe-specific and daily-locked SMA200.
This script is ideal for traders seeking a clean and customizable tool for long-term and short-term trend analysis.
Algorithmic Signal AnalyzerMeet Algorithmic Signal Analyzer (ASA) v1: A revolutionary tool that ushers in a new era of clarity and precision for both short-term and long-term market analysis, elevating your strategies to the next level.
ASA is an advanced TradingView indicator designed to filter out noise and enhance signal detection using mathematical models. By processing price movements within defined standard deviation ranges, ASA produces a smoothed analysis based on a Weighted Moving Average (WMA). The Volatility Filter ensures that only relevant price data is retained, removing outliers and improving analytical accuracy.
While ASA provides significant analytical advantages, it’s essential to understand its capabilities in both short-term and long-term use cases. For short-term trading, ASA excels at capturing swift opportunities by highlighting immediate trend changes. Conversely, in long-term trading, it reveals the overall direction of market trends, enabling traders to align their strategies with prevailing conditions.
Despite these benefits, traders must remember that ASA is not designed for precise trade execution systems where accuracy in timing and price levels is critical. Its focus is on analysis rather than order management. The distinction is crucial: ASA helps interpret price action effectively but may not account for real-time market factors such as slippage or execution delays.
Features and Functionality
ASA integrates multiple tools to enhance its analytical capabilities:
Customizable Moving Averages: SMA, EMA, and WMA options allow users to tailor the indicator to their trading style.
Signal Detection: Identifies bullish and bearish trends using the Relative Exponential Moving Average (REMA) and marks potential buy/sell opportunities.
Visual Aids: Color-coded trend lines (green for upward, red for downward) simplify interpretation.
Alert System: Notifications for trend swings and reversals enable timely decision-making.
Notes on Usage
ASA’s effectiveness depends on the context in which it is applied. Traders should carefully consider the trade-offs between analysis and execution.
Results may vary depending on market conditions and chart types. Backtesting with ASA on standard charts provides more reliable insights compared to non-standard chart types.
Short-term use focuses on rapid trend recognition, while long-term application emphasizes understanding broader market movements.
Takeaways
ASA is not a tool for precise trade execution but a powerful aid for interpreting price trends.
For short-term trading, ASA identifies quick opportunities, while for long-term strategies, it highlights trend directions.
Understanding ASA’s limitations and strengths is key to maximizing its utility.
ASA is a robust solution for traders seeking to filter noise, enhance analytical clarity, and align their strategies with market movements, whether for short bursts of activity or sustained trading goals.
PheonixLegend3MAPineScript indicator called "PhoenixLegend3MA" with the following features:
Display Options:
Each MA line can be individually enabled/disabled
Customizable colors for each MA line (default: blue for M15, red for M30, green for H1)
Adjustable line width (default is 2)
MA Options:
Choice between EMA and SMA
Default length is 1440
Displays for 3 timeframes: M15, M30, and H1
Code Organization:
Uses groups to categorize input settings
Dedicated function for MA calculation
Uses request.security to fetch data from different timeframes
This indicator helps traders visualize moving averages across multiple timeframes in a single chart, making it easier to identify trends and potential trading opportunities. Perfect for technical analysis and trend following strategies.
InspireHER Dynamic EMA RR Positioning IndicatorDynamic EMA and RR Positioning Indicator
This indicator is designed to provide traders with highly customizable buy and sell signals based on EMA (Exponential Moving Average) crossovers and Risk-to-Reward (RR) ratios. It works on any timeframe and allows users to toggle price data and additional position boxes for visualizing trade setups. Additionally, traders can choose between displaying dots or labeled signals for buy/sell indicators, making this tool versatile and user-friendly for different preferences and strategies.
What Makes This Indicator Unique
Customizable Parameters: The script offers extensive options for tailoring the indicator to your preferred trading style and strategy:
EMA: Configurable through settings (default is a 21-period EMA).
Risk-to-Reward Ratio (RR): Adjustable to meet your desired RR levels (default is 1:2.5).
Lookback Period: Visualizes buy/sell signals over the last six months.
Position Boxes for Trade Visualization: The indicator can "draw" position boxes on the chart, showing potential entry points, stop-loss (SL), and take-profit (TP) levels based on the selected RR. These visual aids simplify decision-making and help evaluate trade opportunities directly on the chart.
Price Data Toggle: Traders can choose to view or hide price data related to trade signals, including TP, SL, and RR values. By default, this is turned off to maintain a clean chart but can be activated when needed.
Flexible Signal Display Options:
Dots Mode: Displays buy signals as green dots and sell signals as red dots on the chart.
Label Mode: Displays buy signals as labels with the word "Buy" in green and sell signals as labels with the word "Sell" in red.
This toggle allows traders to customize how signals are displayed for a more personalized trading experience.
Simple Signal View: A toggle option provides a cleaner chart by enabling or disabling additional visual elements like circles or labels.
How It Works
Buy Signal: Triggered when the price crosses the EMA and closes above it.
Entry: Top of the candle.
Stop-Loss: Bottom of the candle.
Take-Profit: Calculated based on the selected RR.
Sell Signal: Triggered when the price crosses the EMA and closes below it.
Entry: Bottom of the candle.
Stop-Loss: Top of the candle.
Take-Profit: Calculated based on the selected RR.
Default Settings
EMA: 21-period.
Risk-to-Reward Ratio: 1:2.5.
Price Data: Off (can be toggled on in settings).
Position Boxes: Off (can be toggled on in settings).
Signal Display: Labels mode with "Buy" (green) and "Sell" (red) enabled by default; can be toggled to Dots mode.
Timeframe: Any timeframe supported.
How to Use
Add the Indicator to Your Chart: Once applied, the EMA line and buy/sell signals will appear by default.
Customize Settings: Navigate to the indicator's settings to adjust EMA, RR, or enable/disable Price Data, Position Boxes, or switch between Dots and Label modes.
Trade with Confidence: Use the visual aids and signals to assess trade opportunities based on your strategy and timeframe.
This indicator combines the reliability of EMA-based signals with the flexibility of configurable RR, visual trade setups, and multiple signal display options, making it a powerful tool for all types of traders. Happy Trading!!
Options Cumulative Chart AnalysysThis Pine Script is a comprehensive tool designed for traders analyzing options data on TradingView. It aggregates multiple symbols to calculate and visualize cumulative performance, providing essential insights for decision-making.
Key Features:
Symbol and Strike Price Configuration:
Supports up to four configurable symbols (e.g., NIFTY options).
Allows defining buy/sell actions, quantities, and entry premiums for each symbol.
Customizable Chart Display:
Plot candlesticks and line charts for cumulative data.
Configurable Exponential Moving Averages (EMAs) for technical analysis.
Entry and price lines with customizable colors.
Timeframe Management:
Supports higher timeframe (HTF) candles.
Ensures compatibility with the current chart timeframe to maintain accuracy.
Dynamic Coloring and Visualization:
Red, green, and gray color schemes for body and wicks of candlesticks based on price movements.
Customizable positive and negative color schemes.
Table for Data Representation:
Displays an info table showing symbols, quantities, entry prices, and latest traded prices (LTP).
Adjustable table position, overlay, and styling.
Premium and Profit/Loss Calculations:
Calculates cumulative open, high, low, and close prices considering premiums and quantities.
Tracks the profit and loss dynamically based on cumulative premiums and market prices.
Alerts and Notifications:
Alerts triggered on specific conditions, such as when the profit/loss turns negative.
Modular Functions:
Functions for calculating high/low/open/close values, combining premiums, and drawing candlesticks.
Utilities for symbol management and security requests.
Custom Settings:
Includes a wide range of input options for customization:
Timeframes, EMA lengths, colors, table configurations, and more.
Error Handling:
Validates timeframe inputs to ensure compatibility and prevent runtime errors.
This script is designed for advanced traders looking for a customizable tool to analyze cumulative options data efficiently. By leveraging its modular design and visual elements, users can make informed trading decisions with a holistic view of market movements.
High/Mid/Low of the Previous Month, Week and Day + MAIntroducing the Ultimate Price Action Indicator
Take your trading to the next level with this feature-packed indicators. Designed to provide key price insights, this tool offers:
- Monthly, Weekly, and Daily Levels : Displays the High, Midpoint, and Low of the previous month, week, and day.
- Logarithmic Price Lines : Option to plot price levels logarithmically for enhanced accuracy.
- Customizable Labels : Display labels on price lines for better clarity. (This feature is optional.)
- Dual Moving Averages : Add two customizable Moving Averages (Simple, Exponential, or Weighted) directly on the price chart. (This feature is optional.)
This code combines features from the Moving Average Exponential and Daily Weekly Monthly Highs & Lows (sbtnc) indicators, with custom modifications to implement unique personal ideas.
Perfect for traders who want to combine precision with simplicity. Whether you're analyzing historical levels or integrating moving averages into your strategy, this indicator provides everything you need for informed decision-making.
To prevent change chart scale, right click on Price Scale and enable "Scale price chart only"
Candlestick Patterns with SignalsIdentified Patterns:
Bullish Engulfing: Indicates potential upward price movement, marked with green labels and lines.
Bearish Engulfing: Suggests potential downward price movement, marked with red labels and lines.
Hammer: A bullish reversal pattern, marked with blue labels.
Shooting Star: A bearish reversal pattern, marked with orange labels.
Signal Generation:
Long Signal: Triggered when a Bullish Engulfing or Hammer pattern is detected. A dotted green line marks the entry level.
Short Signal: Triggered when a Bearish Engulfing or Shooting Star pattern is detected. A dotted red line marks the entry level.
Visual Elements:
Labels indicating the candlestick pattern names appear at the relevant candles.
Lines connect the previous and current candles for engulfing patterns to highlight their range.
Dotted lines indicate potential entry levels for long or short trades.
MA Direction Histogram
The MA Direction Histogram is a simple yet powerful tool for visualizing the momentum of a moving average (MA). It highlights whether the MA is trending up or down, making it ideal for identifying market direction quickly.
Key Features:
1. Custom MA Options: Choose from SMA, EMA, WMA, VWMA, or HMA for flexible analysis.
2. Momentum Visualization: Bars show the difference between the MA and its value from a lookback period.
- Blue Bars: Upward momentum.
- Yellow Bars: Downward momentum.
3. Easy Customization: Adjust the MA length, lookback period, and data source.
How to Use:
- Confirm Trends: Positive bars indicate uptrends; negative bars suggest downtrends.
- *Spot Reversals: Look for bar color changes as potential reversal signals.
Compact, intuitive, and versatile, the "MA Direction Histogram" helps traders stay aligned with market momentum. Perfect for trend-based strategies!
[blackcat] L1 Extreme Shadows█ OVERVIEW
The Pine Script provided is an indicator designed to detect market volatility and extreme shadow conditions. It calculates various conditions based on simple moving averages (SMAs) and plots the results to help traders identify potential market extremes. The primary function of the script is to provide visual cues for extreme market conditions without generating explicit trading signals.
█ LOGICAL FRAMEWORK
Structure:
1 — Input Parameters:
• No user-defined input parameters are present in this script.
2 — Calculations:
• Calculate Extreme Shadow: Checks if the differences between certain SMAs and prices exceed predefined thresholds.
• Calculate Buy Extreme Shadow: Extends the logic by incorporating additional SMAs to identify stronger buy signals.
• Calculate Massive Bullish Sell: Detects massive bullish sell conditions using longer-term SMAs.
3 — Plotting:
• The script plots the calculated conditions using distinct colors to differentiate between various types of extreme shadows.
Data Flow:
• The close price is passed through each custom function.
• Each function computes its respective conditions based on specified SMAs and thresholds.
• The computed values are then summed and returned.
• Finally, the aggregated values are plotted on the chart using the plot function.
█ CUSTOM FUNCTIONS
1 — calculate_extreme_shadow(close)
• Purpose: Identify extreme shadow conditions based on 8-period and 14-period SMAs.
• Functionality: Computes the difference between the 8-period SMA and the close price, and the difference between the 14-period SMA and the 4-period SMA, relative to the 6-period SMA. Returns 2 if both conditions exceed 0.04; otherwise, returns 0.
• Parameters: close (price series)
• Return Value: Integer (0 or 2)
2 — calculate_buy_extreme_shadow(close)
• Purpose: Identify more robust buy signals by evaluating multiple SMAs.
• Functionality: Considers the 8-period SMA along with additional SMAs (21, 42, 63, 84, 105) and combines multiple conditions to provide a comprehensive buy signal.
• Parameters: close (price series)
• Return Value: Integer (sum of conditions, ranging from 0 to 14)
3 — calculate_massive_bullish_sell(close)
• Purpose: Detect massive bullish sell conditions using longer-term SMAs.
• Functionality: Evaluates conditions based on the 8-period SMA and longer-term SMAs (88, 44, 22, 11, 5), returning a sum of conditions meeting specified thresholds.
• Parameters: close (price series)
• Return Value: Integer (sum of conditions, ranging from 0 to 10)
█ KEY POINTS AND TECHNIQUES
• Advanced Pine Script Features:
• Multiple Nested Conditions: Uses nested conditions to assess complex market scenarios.
• Combination of Conditions: Combines multiple conditions to provide a more reliable signal.
• Optimization Techniques:
• Thresholds: Employs specific thresholds (0.04 and 0.03) to filter out noise and highlight significant market movements.
• SMA Comparisons: Compares multiple SMAs to identify trends and extreme conditions.
• Unique Approaches:
• Combining Multiple Time Frames: Incorporates multiple time frames to offer a holistic view of the market.
• Visual Distinction: Utilizes different colors and line widths to clearly differentiate between various extreme shadow conditions.
█ EXTENDED KNOWLEDGE AND APPLICATIONS
• Potential Modifications:
• User-Defined Thresholds: Allow users to customize thresholds to align with personal trading strategies.
• Additional Indicators: Integrate other technical indicators like RSI or MACD to improve the detection of extreme market conditions.
• Entry and Exit Signals: Enhance the script to generate clear buy and sell signals based on identified extreme shadow conditions.
• Application Scenarios:
• Volatility Analysis: Analyze market volatility and pinpoint times of extreme price action.
• Trend Following: Pair with trend-following strategies to capitalize on significant market moves.
• Risk Management: Adjust position sizes or stop-loss levels based on detected extreme conditions.
• Related Pine Script Concepts:
• Custom Functions: Demonstrates how to create reusable functions for simplified and organized code.
• Plotting Techniques: Shows effective ways to visualize data using color and styling options.
• Multiple Time Frame Analysis: Highlights the benefits of analyzing multiple time frames for a broader market understanding.
Adaptive Price Zone Oscillator [QuantAlgo]Adaptive Price Zone Oscillator 🎯📊
The Adaptive Price Zone (APZ) Oscillator by QuantAlgo is an advanced technical indicator designed to identify market trends and reversals through adaptive price zones based on volatility-adjusted bands. This sophisticated system combines typical price analysis with dynamic volatility measurements to help traders and investors identify trend direction, potential reversals, and market volatility conditions. By evaluating both price action and volatility together, this tool enables users to make informed trading decisions while adapting to changing market conditions.
💫 Dynamic Zone Architecture
The APZ Oscillator provides a unique framework for assessing market trends through a blend of smoothed typical prices and volatility-based calculations. Unlike traditional oscillators that use fixed parameters, this system incorporates dynamic volatility measurements to adjust sensitivity automatically, helping users determine whether price movements are significant relative to current market conditions. By combining smoothed price trends with adaptive volatility zones, it evaluates both directional movement and market volatility, while the smoothing parameters ensure stable yet responsive signals. This adaptive approach allows users to identify trending conditions while remaining aware of volatility expansions and contractions, enhancing both trend-following and mean-reversion strategies.
📊 Indicator Components & Mechanics
The APZ Oscillator is composed of several technical components that create a dynamic trending system:
Typical Price: Utilizes HLC3 (High, Low, Close average) as a balanced price representation
Volatility Measurement: Computes exponential moving average of price changes to determine dynamic zones
Smoothed Calculations: Applies additional smoothing to reduce noise while maintaining responsiveness
Trend Detection: Evaluates price position relative to adaptive zones to determine market direction
📈 Key Indicators and Features
The APZ Oscillator utilizes typical price with customizable length and threshold parameters to adapt to different trading styles. Volatility calculations are applied to determine zone boundaries, providing context-aware levels for trend identification. The trend detection component evaluates price action relative to the adaptive zones, helping validate trends and identify potential reversals.
The indicator also incorporates multi-layered visualization with:
Color-coded trend representation (bullish/bearish)
Clear trend state indicators (+1/-1)
Mean reversion signals with distinct markers
Gradient fills for better visual clarity
Programmable alerts for trend changes
⚡️ Practical Applications and Examples
✅ Add the Indicator : Add the indicator to your TradingView chart by clicking on the star icon to add it to your favorites ⭐️
👀 Monitor Trend State : Watch the oscillator's position relative to the zero line to identify trend direction and potential reversals. The step-line visualization with diamonds makes trend changes clearly visible.
🎯 Track Signals : Pay attention to the mean reversion markers that appear above and below the price chart:
→ Upward triangles (⤻) signal potential bullish reversals
→ X crosses (↷) indicate potential bearish reversals
🔔 Set Alerts : Configure alerts for trend changes in both bullish and bearish directions, ensuring you can act on significant technical developments promptly.
🌟 Summary and Tips
The Adaptive Price Zone Oscillator by QuantAlgo is a versatile technical tool, designed to support both trend following and mean reversion strategies across different market environments. By combining smoothed typical price analysis with dynamic volatility-based zones, it helps traders and investors identify significant trend changes while measuring market volatility, providing reliable technical signals. The tool's adaptability through customizable length, threshold, and smoothing parameters makes it suitable for various trading timeframes and styles, allowing users to capture opportunities while maintaining awareness of changing market conditions.
Key parameters to optimize for your trading style:
APZ Length: Adjust for more or less sensitivity to price changes
Threshold: Fine-tune the volatility multiplier for wider or narrower zones
Smoothing: Balance noise reduction with signal responsiveness
Granville Entry GuideThis indicator is designed to identify trade entry points using patterns 2 and 3 of the Granville's Law. It is compatible with version 6.
Determining Entry Points
・ Long Entry : When the medium-term moving average is rising, if the stock price falls close to or below the moving average and then begins to rise, with that bar being a bullish candle, it is determined as an entry point. At this time, a red circle will be displayed above the bar.
・ Short Entry : When the medium-term moving average is falling, if the stock price rises close to or above the moving average and then begins to fall, with that bar being a bearish candle, it is determined as an entry point. At this time, a blue circle will be displayed below the bar.
Trend Filter
Entry points will only be displayed if the following trend conditions are met:
・In an uptrend, the order of moving averages should be: short-term moving average, medium-term moving average, and long-term moving average from top to bottom. In a downtrend, the order should be: long-term moving average, medium-term moving average, and short-term moving average from top to bottom. The order of the short-term moving average is flexible.
・The medium-term and long-term moving averages should be inclined in the direction of the trend. The inclination of the short-term moving average is flexible.
Adjusting Parameters
・ Stock Selection : You can choose whether to use the stock price from candlesticks or the short-term moving average for determining entry points. Selecting candlesticks allows for quicker determination but increases noise, while selecting the short-term moving average slows down determination but reduces noise. The default value is the short-term moving average.
・ Determining Pullbacks or Retracements : This is determined by the number of bars on either side of the lowest point of the pullback. Increasing the number of bars reduces noise but may result in missed opportunities. The default values are 3 bars on the left and 1 bar on the right.
・ Use of Trend Filter : You can choose whether to use the trend filter. The default setting is to use it.
・ Conditions for Moving Average Inclination : You can choose whether to include the trend direction inclination in the trend filter conditions. The default setting is to include it.
・ Bar Background Color : The trend filter is displayed with the bar's background color, but it can also be set to not display.
このインジケーターは、グランビルの法則のパターン2とパターン3を利用して、トレードのエントリーポイントを見つけるためのものです。version6に対応しています。
エントリーポイントの判定方法
ロングエントリー :中期移動平均線が上昇しているとき、株価が移動平均線の近くまで落ちるか、割り込んだ後に上昇を始め、そのバーが陽線である場合にエントリーポイントと判定します。このとき、赤い丸がバーの上に表示されます。
ショートエントリー :中期移動平均線が下落しているとき、株価が移動平均線の近くまで上昇するか、上抜けた後に下落を始め、そのバーが陰線である場合にエントリーポイントと判定します。このとき、青い丸がバーの下に表示されます。
トレンドフィルター
エントリーポイントは、次のトレンド条件を満たす場合のみ表示されます。
・上昇トレンドの場合、移動平均線が上から中期移動平均線、長期移動平均線の順になっている。下降トレンドの場合、移動平均線が上から長期移動平均線、中期移動平均線の順になっている。なお短期移動平均線の順番は任意です。
・中期移動平均線と長期移動平均線がトレンド方向に傾いている。なお短期移動平均線の傾きは任意です。
パラメーターの調整方法
・ 株価の選択 : エントリーポイントの判定に使用する株価を、ローソク足か短期移動平均線から選べます。ローソク足を選ぶと判定が早くなりますがノイズが増え、短期移動平均線を選ぶと判定が遅くなりますがノイズが減ります。初期値は短期移動平均線です。
・ 押しや戻りの判定 : 押しの最下点の左右のバーの数で判定します。バーの数を増やすとノイズが減りますが、機会を逃すこともあります。初期値は左が3、右が1です。
・ トレンドフィルターの使用 : トレンドフィルターを使うかどうかを選べます。初期値は使用する設定です。
・ 移動平均線の傾きの条件 : トレンドフィルターのうち、トレンド方向の傾きを条件に入れるかどうかを選べます。初期値は条件に入れる設定です。
バーの背景色: トレンドフィルターはバーの背景色で表示されますが、非表示に設定することもできます。
SMA Proximity Signal with Trend TableSummary of the Script:
This Pine Script is designed to provide a variety of technical analysis signals based on Simple Moving Averages (SMAs) and market trends across different timeframes. The script combines multiple indicators, such as the SMA crossover, proximity conditions, and trend analysis, along with visual markers and support/resistance lines. Below is a detailed breakdown of the key features:
The script detects crossovers between SMA1 and SMA2 and SMA1 and SMA3, marking them with green circles exactly at the crossover price level (not on the candles).
The crossover events are identified using ta.crossover and ta.crossunder functions.
Additional circles are drawn when other SMAs are in proximity (narrow stage)
Elephant Candle Pattern:
The script identifies "Elephant Candles" based on a large candle body relative to the overall size of the candle, using the condition where the candle body is at least 80% of the total candle size and at least 1.5 times the average candle size.
These candles are marked with an elephant emoji 🐘 at the top of the candle.
Trend Analysis Across Multiple Timeframes:
The script calculates the trend for different timeframes using the SMA20 of each timeframe:
5m, 15m, 1h, 4h, and 1D
It compares the current SMA20 to its previous value to determine whether the trend is Up, Down, or Flat.
Super Oscillator with Alerts by BigBlueCheeseSuper Oscillator with Alerts (by BigBlueCheese)
I got sick of eyeballing multiple oscillators generating output on different scales and interpreting them on the fly, so I picked 4 of my favs, 2 fisher transforms (fast & slow) The Squeeze & my own Market Rhythm Oscillator & made the Super Oscillator with Alerts which combines multiple indicators and oscillators to analyze market conditions and generate actionable trading signals.
The output is buy/sell/neutral signals and a color coded table summarizing indicator states (strong buy to strong sell etc). The color legend can be disabled once you get used to the color codes. The user can choose to watch the table output and its changing output, OR unclutter their screen by toggling the table off & just watching for the signals SO+ (buy), SO-(sell), SO?(neutral)
The combined signals are run through a scoring and weighting scheme that utilizes each indicators Z-scores, Min-Max normalization, and raw values which are all used in different parts of the scoring process.
A velocity filter (for more immediate/sensitive response) is available for the user to toggle on/off. The raw indicator values are classified into categories reflecting their current strength and are assigned momentum points.
Z-scores measure how far each oscillator's current value deviates from its mean in terms of standard deviations. Basically, the Z-scores focus on relative behavior, while momentum captures directional trends. Together, they provide a more nuanced view of market conditions. Large Z-scores increase the likelihood of stronger signals. The idea is to are amplify influence in extreme conditions whereas low Z scores will have minimal impact on the cumulative score, making signals less prone to noise.
Inputs and Their Contributions
1. Momentum: Controlled by the raw oscillator values and thresholds.
2. Min-Max: Automatically calculated based on the historical range of oscillators.
3. Velocity: Input: useVelocity (true/false) toggle. Weights: User-defined weights for velocity contribution.
4. Z-Score: Input: useZScore (true/false) toggle. Weights: User-defined weights for Z-score contribution.
The system combines momentum, Min-Max normalization, (and if enabled) velocity, and Z-scores, to generate dynamic and actionable trading signals that appear as markers on the chart indicating buy, sell, and neutral signals.
Alerts can also be triggered based on these signals.
Users can customize the weighting and inclusion of velocity and Z-scores to align the scoring system with their trading strategy and preferences.
If there is enough interest for some other preferred oscillator, I will substitute it for out my Market Rhythm Oscillator & republish with the code. LMK
For the curious out there, the Market Rhythm Oscillator (MRO) is a custom oscillator that analyzes price dynamics using a combination of weighted volatility-based calculations. It helps measure price momentum and potential exhaustion levels by identifying high and low volatility regions.
• Purpose: The MRO is particularly effective at identifying market trends and potential reversals by analyzing price extremes and their behavior over a defined lookback period.
• Calculation Components might include:
o Waveform Volatility Factor (WVF): Measures the price's deviation from its highest or lowest values within a given period.
o Bands and Smoothing:
Upper and lower bands based on standard deviations of WVF.
Smoothing is applied to the WVF for better trend clarity.
o Exhaustion Levels: Uses the MRO's trend length to calculate when the price action may become overextended.
Happy hunting but as always, not a trade recommendation, past results not indicative of future results, DYOR!
Key LevelsKey Levels Indicator
In the world of trading, manually identifying and plotting key levels for every close can be a tedious and error-prone task. This indicator stands out by automatically detecting and plotting only those levels where a significant shift in market sentiment has occurred. Unlike traditional indicators that plot lines for every open or close, this tool focuses on levels where liquidity has changed hands, indicating a potential shift in momentum.
How It Works:
- The indicator identifies Higher Timeframe (HTF) reversals, plotting levels only when a bearish candle is followed by a bullish one, or vice versa.
- Weekly levels are represented by dashed lines, while monthly levels are solid, providing clear visual differentiation.
- Levels are drawn at the open price of the reversal candle, starting precisely at the beginning of the new HTF bar.
Why It's Different:
- Focuses on genuine shifts in market sentiment rather than arbitrary price points.
- Automatically manages the number of visible levels to prevent chart clutter.
- Ideal for range traders and mean reversion strategies, offering insights into potential support and resistance zones where market participants have shown a change in behavior.
Usage Note:
While this indicator provides valuable insights, it should not be used in isolation. Always consider the broader market context and combine it with other analysis techniques for optimal results.
Settings:
- Toggle weekly/monthly levels
- Adjust the number of visible levels (1-20)
- Customize level colors
Supertrend with Correct Y-axis Scaling OLEG_SLSThe functionality of the script:
1. Supertrend Calculation:
-The trend (Supertrend line) is updated dynamically:
-If the price is above the previous trend, the line follows the upper limit.
-If the price is lower, the line follows the lower boundary.
2. Calculation of the Supertrend for the higher timeframe:
-The function is used to calculate the Supertrend for the hourly, regardless of the current timeframe on the chart.
3. Buy and Sell Signals:
-Buy signal: When the price crosses the Supertrend line up and is above the Supertrend line.
-A sales signal: When the price crosses the Supertrend line down and is below the Supertrend line.
4. Display on the chart
-The Supertrend line is displayed:
-Green if the price is above the Supertrend line.
-Red if the price is below the Supertrend line.
-The Supertrend line for the hourly timeframe is displayed in blue.
5. Alerts
Two types of alerts are created:
-Buy Alert: When there is a buy signal.
-Sell Alert: When there is a sell signal.
Features and recommendations:
-Supertrend works best in trending markets. In a sideways movement, it can give false signals.
-Check the signals on multiple timeframes for confirmation.
-Add additional indicators (for example, RSI or MACD) to filter the signals.
-Test the strategy on historical data before using it in real trading.
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Функционал скрипта:
1. Расчет Supertrend:
-Тренд (линия Supertrend) обновляется динамически:
-Если цена выше предыдущего тренда, линия следует за верхней границей.
-Если цена ниже, линия следует за нижней границей.
2. Расчет Supertrend для старшего таймфрейма:
-Используется функция чтобы рассчитать Supertrend для часового,независимо от текущего таймфрейма на графике.
3. Сигналы покупки и продажи:
-Сигнал покупки: Когда цена пересекает линию Supertrend вверх и находится выше линии Supertrend.
-Сигнал продажи: Когда цена пересекает линию Supertrend вниз и находится ниже линии Supertrend.
4. Отображение на графике
-Линия Supertrend отображается:
-Зеленым, если цена выше линии Supertrend.
-Красным, если цена ниже линии Supertrend.
-Линия Supertrend для часового таймфрейма отображается синим цветом.
5. Оповещения
Создаются два типа оповещений:
-Buy Alert: Когда возникает сигнал на покупку.
-Sell Alert: Когда возникает сигнал на продажу.
Особенности и рекомендации:
-Supertrend лучше всего работает в трендовых рынках. В боковом движении может давать ложные сигналы.
-Проверяйте сигналы на нескольких таймфреймах для подтверждения.
-Добавьте дополнительные индикаторы (например, RSI или MACD) для фильтрации сигналов.
-Тестируйте стратегию на исторических данных перед использованием в реальной торговле.
Prev Week & Day High/Low LinesTitle:
Advanced Weekly & Daily High/Low Levels with Alerts and Customization
Description:
This indicator automatically plots the high and low levels of the previous week and day, featuring advanced customization options and configurable alerts. It’s a powerful tool for traders who want to identify key support and resistance zones on any timeframe below weekly.
What Does This Indicator Do?
1. Identifies historical levels: Calculates and plots the highs and lows of the previous week and day, helping traders spot reversal points, zones of interest, and decision-making levels.
2. Real-time alerts: Notifies traders when the price approaches or crosses these key levels, allowing them to make decisions without constantly monitoring the chart.
3. Dynamic colors: Changes the color of the levels based on the price proximity, providing a clear visual signal about the immediate importance of each level.
Key Features
1. Total Customization:
• Fully adjustable line colors, styles (solid or dotted), and thicknesses.
• Optional labels for each level with customizable text, size, and position.
• Adaptable configurations to suit different trading styles (scalping, swing trading, intraday).
2. Smart Alerts:
• Set alerts when the price touches or approaches the plotted levels.
• Instant notifications, ideal for trading breakouts or pullbacks at key levels.
3. Optimization and Efficiency:
• Works on all timeframes below weekly, avoiding unnecessary calculations.
• Real-time updates to ensure levels are always accurate.
4. Clear Visualization:
• Dynamic colors for levels close to the current price.
• Projected lines extending into the future to help plan trades.
• Advanced label options, including customizable text and different chart positions.
How It Works
The indicator uses advanced logic to automatically detect day and week transitions based on market time. It calculates and updates the high and low levels efficiently, ensuring that the data reflects the active timeframe. The levels can be projected forward and highlighted with customizable colors and labels.
Additionally, with configurable alerts, traders can receive real-time notifications when the price interacts with these levels, enabling them to respond quickly to market changes.
How to Use It
1. Add the indicator: Apply it to your chart in TradingView.
2. Set up the options:
• Customize the colors, thicknesses, and styles of the lines.
• Adjust the label text and position to suit your preferences.
• Enable alerts for key levels.
3. Utilize the levels: Watch the indicator automatically plot the high and low levels, and use the visual signals and alerts to make informed trading decisions.
Benefits for Traders
• Saves time: No need to manually calculate historical support and resistance levels.
• Improves accuracy: Levels are automatically recalculated and updated in real-time.
• Versatility: Perfect for any trading style (scalping, swing, intraday).
• Real-time alerts: Stay informed about key levels even when not watching the chart.
• Intuitive visualization: Dynamic colors and adjustable labels make technical analysis easier.
Note:
This indicator is unique due to its configurable alerts, advanced customization options, and dynamic colors, setting it apart from similar scripts available on TradingView. It is designed for traders seeking a clear and functional visual tool to make quick and accurate market decisions.
Coinbase Premium Index (Any Symbol)The Coinbase Premium Index provides a valuable insight into market dynamics by calculating the price premium between Coinbase (USD pairs) and Binance (USDT pairs). A positive premium typically indicates heavy buying pressure on Coinbase, often coinciding with upward price trends on lower timeframes. Conversely, a negative premium suggests selling pressure or weaker demand on Coinbase compared to Binance.
** Key Features: **
**Dynamic Symbol Detection**: Automatically detects the current chart symbol and adapts the premium calculation accordingly.
**Customizable Moving Averages**:
Select between SMA (Simple Moving Average) or EMA (Exponential Moving Average).
Adjust the moving average period to suit your trading strategy (default: SMA with 50 periods).
**Error Handling for Missing Data**:
Displays "Symbol not on Coinbase" when the cryptocurrency is unavailable on Coinbase.
Plots zero-value columns in light grey for unsupported symbols.
**Visual Representation**:
Premium values are displayed as columns: green for positive premiums, red for negative premiums.
A moving average line in light grey helps highlight trends.
Zero Line: A horizontal dashed line is included as a reference point.
** Why Use This Script?**
The Coinbase Premium Index helps traders identify moments of increased buying pressure among U.S. investors, often indicative of bullish momentum on lower timeframes. Use this tool to monitor premium dynamics and gain a clearer understanding of market sentiment across major exchanges.
** How to Use: **
Add this script to your TradingView chart.
Adjust the moving average type and period through the input menu.
Use the premium columns and moving averages to identify potential price trends and validate exchange-specific trading opportunities.
Highest High, Lowest Low, Midpoint for Selected Days [kiyarash]Highest High, Lowest Low, and Midpoint for Selected Days Indicator
This custom TradingView indicator allows you to visualize the highest high, lowest low, and the midpoint (average of the highest high and lowest low) over a custom-defined period. You can choose a starting date and specify how many days ahead you want to track the highest and lowest values. This is useful for identifying key levels in a trend and potential support or resistance zones.
How to Use:
Set the Starting Date:
In the settings, input the starting date from which you want to begin tracking the price range. This will be the reference point for your analysis.
Choose the Number of Days to Track:
Specify how many days you want to analyze from the selected starting date. For example, if you want to see the highest high and lowest low over the next 3 days, enter "3" in the settings.
Visualizing the Levels:
The indicator will automatically calculate the highest price and the lowest price over the selected period and draw three lines:
Red Line: Represents the Highest High within the selected period.
Green Line: Represents the Lowest Low within the selected period.
Blue Line: Represents the Midpoint, which is the average of the Highest High and Lowest Low.
Interpretation:
Highest High is a key resistance level, indicating the highest price reached within the specified period.
Lowest Low is a key support level, showing the lowest price during the same period.
Midpoint provides a reference for the average price, often acting as a neutral level between support and resistance.
This tool can help traders to quickly assess potential market ranges, identify breakout or breakdown points, and make informed decisions based on recent price action.
How to Apply:
Add the indicator to your chart.
Adjust the settings to choose your desired starting date and the number of days you want to analyze.
Observe the drawn lines for the Highest High, Lowest Low, and Midpoint levels, and use them to assist in your trading decisions.
GMO (Gyroscopic Momentum Oscillator) GMO
Overview
This indicator fuses multiple advanced concepts to give traders a comprehensive view of market momentum, volatility, and potential turning points. It leverages the Gyroscopic Momentum Oscillator (GMO) foundation and layers on IQR-based bands, dynamic ATR-adjusted OB/OS levels, torque filtering, and divergence detection. The outcome is a versatile tool that can assist in identifying both short-term squeezes and long-term reversal zones while detecting subtle shifts in momentum acceleration.
Key Components:
Gyroscopic Momentum Oscillator (GMO) – A physics-inspired metric capturing trend stability and momentum by treating price dynamics as “angle,” “angular velocity,” and “inertia.”
IQR Bands – Highlight statistically typical oscillation ranges, providing insight into short-term squeezes and potential near-term trend shifts.
ATR-Adjusted OB/OS Levels – Dynamic thresholds for overbought/oversold conditions, adapting to volatility, aiding in identifying long-term potential reversal zones.
Torque Filtering & Scaling – Smooths and thresholds torque (the rate of change of momentum) and visually scales it for clarity, indicating sudden force changes that may precede volatility adjustments.
Divergence Detection – Highlights potential reversal cues by comparing oscillator swings against price swings, revealing regular and hidden bullish/bearish divergences.
Conceptual Insights
IQR Bands (Short-Term Squeeze & Trend Direction):
Short-Term Momentum and Squeeze: The IQR (Interquartile Range) bands show where the oscillator tends to “live” statistically. When the GMO line hovers within compressed IQR bands, it can signal a momentum squeeze phase. Exiting these tight ranges often correlates with short-term breakout opportunities.
Trend Reversals: If the oscillator pushes beyond these IQR ranges, it may indicate an emerging short-term trend change. Traders can watch for GMO escaping the IQR “comfort zone” to anticipate a new directional move.
Dynamic OB/OS Levels (Long-Term Reversal Zones):
ATR-Based Adaptive Thresholds: Instead of static overbought/oversold lines, this tool uses ATR to adjust OB/OS boundaries. In calm markets, these lines remain closer to ±90. As volatility rises, they approach ±100, reflecting greater permissible swings.
Long-Term Trend Reversal Potential: If GMO hits these dynamically adjusted OB/OS extremes, it suggests conditions ripe for possible long-term trend reversals. Traders seeking major inflection points may find these adaptive levels more reliable than fixed thresholds.
Torque (Sudden Force & Directional Shifts):
Momentum Acceleration Insight: Torque represents the second derivative of momentum, highlighting how quickly momentum is changing. High positive torque suggests a rapidly strengthening bullish force, while high negative torque warns of sudden bearish pressure.
Early Warning & Stability/Volatility Adjustments: By monitoring torque spikes, traders can anticipate momentum shifts before price fully confirms them. This can signal imminent changes in stability or increased volatility phases.
Indicator Parameters and Usage
GMO-Related Inputs:
lenPivot (Default 100): Length for calculating the pivot line (slow market axis).
lenSmoothAngle (Default 200): Smooths the angle measure, reducing noise.
lenATR (Default 14): ATR period for scaling factor, linking price changes to volatility.
useVolatility (Default true): If true, volatility (ATR) influences inertia, adjusting momentum calculations.
useVolume (Default false): If true, volume affects inertia, adding a liquidity dimension to momentum.
lenVolSmoothing (Default 50): Smooths volume calculations if useVolume is enabled.
lenMomentumSmooth (Default 20): EMA smoothing of GMO for a cleaner oscillator line.
normalizeRange (Default true): Normalizes GMO to a fixed range for consistent interpretation.
lenNorm (Default 100): Length for normalization window, ensuring GMO’s scale adapts to recent extremes.
IQR Bands Settings:
iqrLength (Default 14): Period to compute the oscillator’s statistical IQR.
iqrMult (Default 1.5): Multiplier to define the upper and lower IQR-based bands.
ATR-Adjusted OB/OS Settings:
baseOBLevel (Fixed at 90) and baseOSLevel (Fixed at 90): Base lines for OB/OS.
atrPeriodForOBOS (Default 50): ATR length for adjusting OB/OS thresholds dynamically.
atrScaling (Default 0.2): Controls how strongly volatility affects OB/OS lines.
Torque Filtering & Visualization:
torqueSmoothLength (Default 10): EMA length to smooth raw torque values.
atrPeriodForTorque (Default 14): ATR period to determine torque threshold.
atrTorqueScaling (Default 0.5): Scales ATR for determining torque’s “significant” threshold.
torqueScaleFactor (Default 10.0): Multiplies the torque values for better visual prominence on the chart.
Divergence Inputs:
showDivergences (Default true): Toggles divergence signals.
lbR, lbL (Defaults 5): Pivot lookback periods to identify swing highs and lows.
rangeUpper, rangeLower: Bar constraints to validate potential divergences.
plotBull, plotHiddenBull, plotBear, plotHiddenBear: Toggles for each divergence type.
Visual Elements on the Chart
GMO Line (Blue) & Zero Line (Gray):
GMO line oscillates around zero. Positive territory hints bullish momentum, negative suggests bearish.
IQR Bands (Teal Lines & Yellow Fill):
Upper/lower bands form a statistical “normal range” for GMO. The median line (purple) provides a central reference. Contraction near these bands indicates a short-term squeeze, expansions beyond them can signal emerging short-term trend changes.
Dynamic OB/OS (Red & Green Lines):
Red line near +90 to +100: Overbought zone (dynamic).
Green line near -90 to -100: Oversold zone (dynamic).
Movement into these zones may mark significant, longer-term reversal potential.
Torque Histogram (Colored Bars):
Plotted below GMO. Green bars = torque above positive threshold (bullish acceleration).
Red bars = torque below negative threshold (bearish acceleration).
Gray bars = neutral range.
This provides early warnings of momentum shifts before price responds fully.
Precession (Orange Line):
Scaled for visibility, adds context to long-term angular shifts in the oscillator.
Divergence Signals (Shapes):
Circles and offset lines highlight regular or hidden bullish/bearish divergences, offering potential reversal signals.
Practical Interpretation & Strategy
Short-Term Opportunities (IQR Focus):
If GMO compresses within IQR bands, the market might be “winding up.” A break above/below these bands can signal a short-term trade opportunity.
Long-Term Reversal Zones (Dynamic OB/OS):
When GMO approaches these dynamically adjusted extremes, conditions may be ripe for a major trend shift. This is particularly useful for swing or position traders looking for significant turnarounds.
Monitoring Torque for Acceleration Cues:
Torque spikes can precede price action, serving as an early catalyst signal. If torque turns strongly positive, anticipate bullish acceleration; strongly negative torque may warn of upcoming bearish pressure.
Confirm with Divergences:
Divergences between price and GMO reinforce potential reversal or continuation signals identified by IQR, OB/OS, or torque. Use them to increase confidence in setups.
Tips and Best Practices
Combine with Price & Volume Action:
While the indicator is powerful, always confirm signals with actual price structure, volume patterns, or other trend-following tools.
Adjust Lengths & Periods as Needed:
Shorter lengths = more responsiveness but more noise. Longer lengths = smoother signals but greater lag. Tune parameters to match your trading style and timeframe.
Use ATR and Volume Settings Wisely:
If markets are highly volatile, consider useVolatility to refine momentum readings. If liquidity is key, enable useVolume.
Scaling Torque:
If torque bars are hard to read, increase torqueScaleFactor further. The scaling doesn’t affect logic—only visibility.
Conclusion
The “GMO + IQR Bands + ATR-Adjusted OB/OS + Torque Filtering (Scaled)” indicator presents a holistic framework for understanding market momentum across multiple timescales and conditions. By interpreting short-term squeezes via IQR bands, long-term reversal zones via adaptive OB/OS, and subtle acceleration changes through torque, traders can gain advanced insights into when to anticipate breakouts, manage risk around potential reversals, and fine-tune timing for entries and exits.
This integrated approach helps navigate complex market dynamics, making it a valuable addition to any technical analysis toolkit.
Prediction Based on Linreg & Atr
We created this algorithm with the goal of predicting future prices 📊, specifically where the value of any asset will go in the next 20 periods ⏳. It uses linear regression based on past prices, calculating a slope and an intercept to forecast future behavior 🔮. This prediction is then adjusted according to market volatility, measured by the ATR 📉, and the direction of trend signals, which are based on the MACD and moving averages 📈.
How Does the Linreg & ATR Prediction Work?
1. Trend Calculation and Signals:
o Technical Indicators: We use short- and long-term exponential moving averages (EMA), RSI, MACD, and Bollinger Bands 📊 to assess market direction and sentiment (not visually presented in the script).
o Calculation Functions: These include functions to calculate slope, average, intercept, standard deviation, and Pearson's R, which are crucial for regression analysis 📉.
2. Predicting Future Prices:
o Linear Regression: The algorithm calculates the slope, average, and intercept of past prices to create a regression channel 📈, helping to predict the range of future prices 🔮.
o Standard Deviation and Pearson's R: These metrics determine the strength of the regression 🔍.
3. Adjusting the Prediction:
o The predicted value is adjusted by considering market volatility (ATR 📉) and the direction of trend signals 🔮, ensuring that the prediction is aligned with the current market environment 🌍.
4. Visualization:
o Prediction Lines and Bands: The algorithm plots lines that display the predicted future price along with a prediction range (upper and lower bounds) 📉📈.
5. EMA Cross Signals:
o EMA Conditions and Total Score: A bullish crossover signal is generated when the total score is positive and the short EMA crosses above the long EMA 📈. A bearish crossover signal is generated when the total score is negative and the short EMA crosses below the long EMA 📉.
6. Additional Considerations:
o Multi-Timeframe Regression Channel: The script calculates regression channels for different timeframes (5m, 15m, 30m, 4h) ⏳, helping determine the overall market direction 📊 (not visually presented).
Confidence Interpretation:
• High Confidence (close to 100%): Indicates strong alignment between timeframes with a clear trend (bullish or bearish) 🔥.
• Low Confidence (close to 0%): Shows disagreement or weak signals between timeframes ⚠️.
Confidence complements the interpretation of the prediction range and expected direction 🔮, aiding in decision-making for market entry or exit 🚀.
Español
Creamos este algoritmo con el objetivo de predecir los precios futuros 📊, específicamente hacia dónde irá el valor de cualquier activo en los próximos 20 períodos ⏳. Utiliza regresión lineal basada en los precios pasados, calculando una pendiente y una intersección para prever el comportamiento futuro 🔮. Esta predicción se ajusta según la volatilidad del mercado, medida por el ATR 📉, y la dirección de las señales de tendencia, que se basan en el MACD y las medias móviles 📈.
¿Cómo Funciona la Predicción con Linreg & ATR?
Cálculo de Tendencias y Señales:
Indicadores Técnicos: Usamos medias móviles exponenciales (EMA) a corto y largo plazo, RSI, MACD y Bandas de Bollinger 📊 para evaluar la dirección y el sentimiento del mercado (no presentados visualmente en el script).
Funciones de Cálculo: Incluye funciones para calcular pendiente, media, intersección, desviación estándar y el coeficiente de correlación de Pearson, esenciales para el análisis de regresión 📉.
Predicción de Precios Futuros:
Regresión Lineal: El algoritmo calcula la pendiente, la media y la intersección de los precios pasados para crear un canal de regresión 📈, ayudando a predecir el rango de precios futuros 🔮.
Desviación Estándar y Pearson's R: Estas métricas determinan la fuerza de la regresión 🔍.
Ajuste de la Predicción:
El valor predicho se ajusta considerando la volatilidad del mercado (ATR 📉) y la dirección de las señales de tendencia 🔮, asegurando que la predicción esté alineada con el entorno actual del mercado 🌍.
Visualización:
Líneas y Bandas de Predicción: El algoritmo traza líneas que muestran el precio futuro predicho, junto con un rango de predicción (límites superior e inferior) 📉📈.
Señales de Cruce de EMAs:
Condiciones de EMAs y Puntaje Total: Se genera una señal de cruce alcista cuando el puntaje total es positivo y la EMA corta cruza por encima de la EMA larga 📈. Se genera una señal de cruce bajista cuando el puntaje total es negativo y la EMA corta cruza por debajo de la EMA larga 📉.
Consideraciones Adicionales:
Canal de Regresión Multi-Timeframe: El script calcula canales de regresión para diferentes marcos de tiempo (5m, 15m, 30m, 4h) ⏳, ayudando a determinar la dirección general del mercado 📊 (no presentado visualmente).
Interpretación de la Confianza:
Alta Confianza (cerca del 100%): Indica una fuerte alineación entre los marcos temporales con una tendencia clara (alcista o bajista) 🔥.
Baja Confianza (cerca del 0%): Muestra desacuerdo o señales débiles entre los marcos temporales ⚠️.
La confianza complementa la interpretación del rango de predicción y la dirección esperada 🔮, ayudando en las decisiones de entrada o salida en el mercado 🚀.
