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Unified Sentiment Candles Overlay (SMA)Unified Sentiment Candles (SMA) Indicator The Unified Sentiment Candles (SMA) is a custom overlay indicator designed to provide a smoothed visualization of market sentiment by plotting synthetic candles based on the Simple Moving Average (SMA) of open, high, low, and close prices. It helps traders identify trend direction and potential reversals more clearly. How to Use: - Observe Candle Colors: Green candles indicate bullish sentiment (close ≥ open), while red candles suggest bearish sentiment (close < open). - Trend Identification: Consistent green candles point to an uptrend, whereas consistent red candles may signal a downtrend. - Support & Resistance Zones: The SMA-based candles smooth out short-term volatility, assisting in spotting key support and resistance levels. - Entry & Exit Signals: Look for color changes or candle pattern formations within the synthetic candles to time entries and exits more effectively. Settings: SMA Length : Adjust this parameter to control the smoothing period. A shorter length makes the indicator more responsive, while a longer length smooths out more noise. This indicator is best used in conjunction with other technical analysis tools to confirm signals and improve trading accuracy. This script is open-source and licensed under the Mozilla Public License 2.0. Use and modify it at your own discretion.
Penunjuk Pine Script®
oleh The_Forex_Steward
1
Smart Flow Pro v3 – Pattern Learning Engine smart flow pro ### 📄 **Script Description (for TradingView):** > **Smart Flow Pro v3** is an advanced confluence-based trading strategy built for futures, crypto, and forex markets. > > It combines key elements of smart money concepts, trend analysis, momentum, volume, and price action patterns. The script only triggers entries when multiple high-probability conditions align — using a dynamic scoring system to filter for the best trades. > > **Included Features:** > > * EMA 50/200 trend filter > * RSI momentum confirmation > * Fair Value Gap (FVG) detection > * VWAP zone logic > * Volume spike detection > * Candlestick patterns (engulfing, hammers, morning/evening stars) > * Chart pattern simulation (double tops & bottoms) > * ATR-based Stop Loss & Take Profit > * Adjustable scoring threshold to filter signals > * All features customizable in script settings > Designed for 1H, 4H, and Daily charts, this strategy is optimized for traders looking for high-quality signals with controlled risk. > > **Best used with:** BTC, ETH, and major altcoins on high-volume futures platforms (e.g., MEXC, Binance). > > Feel free to experiment with thresholds, timeframes, and SL/TP multipliers based on your trading style. > > ⚠️ *Backtest thoroughly and manage risk appropriately. Not financial advice.* ---
Penunjuk Pine Script®
oleh pridefulLlamaadb15
Bearish/ bullish Reversal PatternsThis indicator is a simple, no-frills tool I put together to flag three candlestick patterns that Bulkowski’s research tagged with some of the best historical reversal stats: the Three Black Crows and Evening Star (both classic bearish-reversal signals after an up-move) and the slightly oddball Bearish Three-Line Strike, which often flips into a bullish reversal after three red candles. On your chart you’ll see a colored label and a faint background tint wherever one of these patterns forms, and you can turn on built-in alerts if you’d rather be pinged than stare at the screen. It’s not magic past “win rates” don’t guarantee anything, and you’ll want to mix this with your own trend filter, risk management, and maybe a higher-time-frame check before trading real money. Treat it as a learning aid, paper-test it first, and please remember that nothing here is financial advice. Enjoy, tweak the colors if you like, and let me know what you think.
Penunjuk Pine Script®
oleh M_LOADING
DR SessionsDR/IDR concept sessions with multiple ways to view the session to best suit your needs. Each session, ADR, ODR, RDR can be turned on/off, and displayed 3 different ways. Lines, will highlight each DR and IDR line, and will color the side that breaks out. Zones, will fill in the gap between the DR and the IDR lines and will color the breakout side. Finally range will fill the entire range from DR to DR with a single color that will change to the breakout color once price closes outside of the range.
Penunjuk Pine Script®
oleh manyshotsshort
Greer Free Cash Flow Yield✅ Title Greer Free Cash Flow Yield (FCF%) — Long-Term Value Signal 📝 Description The Greer Free Cash Flow Yield indicator is part of the Greer Financial Toolkit, designed to help long-term investors identify fundamentally strong and potentially undervalued companies. 📊 What It Does Calculates Free Cash Flow Per Share (FY) from official financial reports Divides by the current stock price to produce Free Cash Flow Yield % Tracks a static average across all available financial years Color-codes the yield line: 🟩 Green when above average (stronger value signal) 🟥 Red when below average (weaker value signal) 💼 Why It Matters FCF Yield is a powerful metric that reveals how efficiently a company turns revenue into usable cash. This can be a better long-term value indicator than earnings yield or P/E ratios, especially in capital-intensive industries. ✅ Best used in combination with: 📘 Greer Value (fundamental growth score) 🟢 Greer BuyZone (technical buy zone detection) 🔍 Designed for: Fundamental investors Value screeners Dividend and FCF-focused strategies 📌 This tool is for informational and educational use only. Always do your own research before investing.
Penunjuk Pine Script®
oleh controllinghand
Distribution & Accumulation Days# Distribution & Accumulation Days Indicator ## Overview This powerful institutional activity tracker identifies **Distribution Days** (selling pressure) and **Accumulation Days** (buying pressure) based on the proven methodology used by Investor's Business Daily (IBD). Perfect for detecting when "smart money" institutions are actively buying or selling, helping you align your trades with institutional flow. ## What It Does - **Distribution Days**: Identifies days when price drops significantly on higher volume (institutional selling) - **Accumulation Days**: Identifies days when price rises significantly on higher volume (institutional buying) - **Real-time Counting**: Tracks the number of each type over your specified lookback period - **Net Analysis**: Shows whether buying or selling pressure is dominant ## Key Features ### 🎯 **Customizable Threshold** - Set your own price change percentage (default 0.2%) to filter out minor moves - Focus only on significant institutional activity ### 📊 **Moving Average Filter** - Optional MA filter to eliminate noise during strong downtrends - Choose from SMA, WMA, or EMA - Only counts signals when price is above the moving average ### 📈 **Visual Markers** - **Red 'D'** markers above bars = Distribution (selling pressure) - **Green 'A'** markers below bars = Accumulation (buying pressure) - Numbers show current count within your lookback period ### 📋 **Information Dashboard** Real-time table displays: - Total Distribution Days in period - Total Accumulation Days in period - Net difference (positive = more buying, negative = more selling) ## How to Use ### Market Analysis - **4-5 Distribution Days** in 25 sessions = Potential market weakness - **Multiple Accumulation Days** after decline = Potential bottom formation - **Net positive** = Institutional buying dominance - **Net negative** = Institutional selling dominance ### Trade Setup - Look for accumulation clusters near support levels for long entries - Watch for distribution clusters near resistance for potential short setups - Use in conjunction with your existing technical analysis ## Settings | Parameter | Description | Default | |-----------|-------------|---------| | Days Back | Lookback period for counting | 25 | | Price Change Threshold | Minimum % move required | 0.2% | | Moving Average Filter | Enable/disable MA filter | Off | | MA Type | SMA, WMA, or EMA | EMA | | MA Length | Moving average period | 50 | ## Best Practices - Use on **daily timeframe only** (automatically restricts to daily) - Works best on major indices (SPY, QQQ, IWM) and liquid stocks - Combine with support/resistance levels for better entries - Monitor both individual counts and net difference for complete picture ## Important Notes - Based on proven IBD methodology used by professional traders - Requires significant volume confirmation - price moves without volume are ignored - Most effective when used as part of a complete trading system - Works only on daily charts (designed for institutional timeframe analysis) --- *This indicator helps you see the market through institutional eyes. When the big players are buying or selling, you'll know.* **Tags**: Distribution, Accumulation, IBD, Institutional, Volume Analysis, Smart Money, Market Structure
Penunjuk Pine Script®
oleh knawade
📊 Cumulative Portfolio TrackerHi all, first time poster here I just figured I'd share a script that I wrote for portfolio buy and hold backtesting purposes. Basically what it does is compares the performance of a group of stocks combined as a portfolio vs a benchmark. In this case I have a portfolio of 20 companies vs SPY set as the default but it's pretty easy to change them in the code. Also it starts in January 2022 because one of my chosen companies only started trading at that date. Again, easy to change. Alright, so how do we interpret the data? The script tracks the two values to be compared with a base value of 100 and then that number rises and falls from there showing their relative performance. The orange will be the user defined portfolio and the blue will be the benchmark. Some caveats - the user defined portfolio will start exactly when the newest ticker began trading unless specified to start past that date. This means for example if you compare SPY to SPYI, SPY will be showing years of compounding compared to SPYI's performance. I'm a pretty novice coder for Pinecode as I usually use Python for my projects but anyway. Potential future features - - Swapping the baseline 100 for a % gain or $ gain from the starting point(giving the option to choose which one). This one would probably be pretty easy to do. To be honest this code isn't exactly complex. I really do not know Pinescript that well. - Adding in returns from dividends. I don't know if this one is possible. Will need to look into it. - The ability to overlay indicators on both the portfolio and the benchmark. This might already be possible with this code, I haven't tried because I just finished managing to get it to compile and I'm frankly tired. -Custom weighting. As of now it's all equal weight. Questions I assume you will be asking - - "Can we display the user profile as candlesticks instead of a line?" I really don't think so. I have to assume it's hardcoded. My first idea was to just have a blank chart with no ticker and then do some fiddling to use the user profile's combined high/low/open/close display on the chart but couldn't figure that one out. -Doesn't Portfoliovisualizer already do this but better? It sure does. However the features I include here are going to be more flexible compared to their free version if you can't be bothered to pay for it(number of tickers, length of time, etc.). -The benchmark line doesn't perfectly match the ticker I have on screen! You're right it doesn't. I've turned off candles in my screenshot for that exact purpose. This goes back to what I mentioned about how you have to carefully pick the timespan that you're going to be looking at. At least I think that's what causes it. Further research needed. For now it was just easier to use a couple of lines only. - *other scripter* already did this idea but better! It's not exactly that complex of an idea so I wouldn't doubt it but I didn't look. I wanted to make a tool that would both be useful to me and also help me get better with Pinescript. That's pretty much the whole thing. -How many tickers can I add? Not a clue. 100? 1000? That would be tedious to test. 20 seemed like a good baseline. Anyway, if anyone has feedback on what to add or anything I'm all ears. This is just the stuff that came to me over the last few hours while I was working my way through the documentation. If you find this useful, awesome! If not, no hard feelings. Still new! Thanks folks, Steve
Penunjuk Pine Script®
oleh Swright92
ADX Trend Visualizer with Dual ThresholdsADX Trend Visualizer with Dual Thresholds A minimal, color coded ADX indicator designed to filter market conditions into weak, moderate, or strong trend phases. Uses a dual threshold system for separating weak, moderate, and strong trend conditions. Color coded ADX line: Green– Strong trend (above upper threshold) Yellow – Moderate trend (between thresholds) Red – Weak or no trend (below lower threshold) Two horizontal reference lines plotted at threshold levels Optional +DI and -DI lines (Style tab) Recommended Use: Use on higher time frames (1h and above) as a trend filter Combine with entry/exit signals from other indicators or strategies Avoid possible false entries when ADX is below the weak threshold This trend validator helps highlight strong directional moves and avoid weak market conditions
Penunjuk Pine Script®
oleh crankyprofits
5DMA Optional HMA Entry📈 5DMA Optional HMA Entry Signal – Precision-Based Momentum Trigger Category: Trend-Following / Reversal Timing / Entry Optimization 🔍 Overview: The 5DMA Optional HMA Entry indicator is a refined price-action entry tool built for traders who rely on clean trend alignment and precise timing. This script identifies breakout-style entry points when price gains upward momentum relative to short-term moving averages — specifically the 5-day Simple Moving Average (5DMA) and an optional Hull Moving Average (HMA). Whether you're swing trading stocks, scalping ETFs like UVXY or VXX, or looking for pullback recovery entries, this tool helps time your long entries with clarity and flexibility. ⚙️ Core Logic: Primary Condition (Always On): 🔹 Close must be above the 5DMA – ensuring upward short-term momentum is confirmed. Optional Condition (Toggled by User): 🔹 Close above the HMA – adds slope-responsive trend filtering for smoother setups. Enable or disable via checkbox. Bonus Entry Filter (Optional): 🔹 Green Candle Wick Breakout – optional pattern logic that detects bullish momentum when the high pierces above both MAs, with a green body. Reset Mechanism: 🔁 Signal resets only after price closes back below all active MAs (5DMA and HMA if enabled), reducing noise and avoiding repeated signals during chop. 🧠 Why This Works: This indicator captures the kind of setups that professional traders look for: Momentum crossovers without chasing late. Mean reversion snapbacks that align with fresh bullish moves. Avoids premature entries by requiring clear structure above moving averages. Optional HMA filter allows adaptability: turn it off during choppy markets or range conditions, and on during trending environments. 🔔 Features: ✅ Adjustable HMA Length ✅ Enable/Disable HMA Filter ✅ Optional Green Wick Breakout Detection ✅ Visual “Buy” label plotted below qualifying bars ✅ Real-time Alert Conditions for automated trading or manual alerts 🎯 Use Cases: VIX-based ETFs (e.g., UVXY, VXX): Catch early breakouts aligned with volatility spikes. Growth Stocks: Time pullback entries during bullish runs. Futures/Indices: Combine with macro levels for intraday scalps or swing setups. Overlay on Trend Filters: Combine with RSI, MACD, or VWAP for confirmation. 🛠️ Recommended Settings: For smooth setups in volatile names, use: HMA Length: 20 Keep green wick filter ON For fast momentum trades, disable the HMA filter to act on 5DMA alone. ⭐ Final Thoughts: This script is built to serve both systematic traders and discretionary scalpers who want actionable signals without noise or lag. The toggleable HMA feature lets you adjust sensitivity depending on market conditions — a key edge in adapting to volatility cycles. Perfect for those who value clean, non-repainting entries rooted in logical structure.
Penunjuk Pine Script®
oleh AlphaDan10
Smart Candlestick PredictorOf course, here is a step-by-step explanation of what this Pine Script code does, written in English. This code is a technical analysis indicator written for the TradingView platform. Its primary purpose is to automatically detect common candlestick patterns on financial charts (e.g., for stocks, cryptocurrencies, forex, etc.), which often provide clues about future price movements. We can break down what the code does into 4 main parts: 1. Defining Candlestick Patterns The first and largest section of the code (// === CANDLESTICK PATTERN DEFINITIONS ===) mathematically defines 7 different candlestick patterns. There is a function (is...()) for each pattern: isBullishEngulfing(): Detects a large bullish candle that completely "engulfs" the previous bearish candle. It is considered a bullish signal. isBearishEngulfing(): Detects a large bearish candle that completely "engulfs" the previous bullish candle. It is considered a bearish signal. isHammer(): A candle with a small body and a long lower shadow, usually appearing after a downtrend. It can signal a potential reversal to the upside. isShootingStar(): A candle with a small body and a long upper shadow, usually appearing after an uptrend. It can signal a potential reversal to the downside. isDoji(): A candle where the open and close prices are nearly the same, indicating indecision in the market. isMorningStar(): A powerful three-candle pattern that signals a potential end to a downtrend and the beginning of an uptrend. isEveningStar(): A powerful three-candle pattern that signals a potential end to an uptrend and the beginning of a downtrend. 2. Detecting and Interpreting Patterns The code runs the functions defined above for each new candle that forms on the chart. If one of these 7 patterns is detected, the code temporarily stores information related to that pattern: patternText: The name of the pattern (e.g., "Bullish Engulfing"). directionText: The predicted direction (e.g., "LONG", "SHORT", or "NEUTRAL"). probabilityValue: A predefined percentage set by the script's author, representing the supposed success rate of the pattern (e.g., 72.0%). It is important to remember that these probabilities are based on general trading conventions, not on a rigorous statistical backtest. 3. Displaying Labels on the Chart When a pattern is found, the script creates a visual marker to make the chart easier to read: It places an orange label (label) just above the detected candle. This label contains the pattern's name, its predicted direction, and the probability percentage. Example: Bullish Engulfing LONG (72.00%) 4. Setting Up Alerts The final section of the code allows the user to set up automatic alerts for these patterns. Thanks to the alertcondition() function, you can configure TradingView to send you a notification (e.g., a sound, an email, a mobile push notification) the moment one of these patterns occurs, so you don't have to watch the charts constantly. In Summary: This code, named "Smart Candlestick Predictor," acts as an automated technical analysis assistant. It constantly scans a financial chart to find significant candlestick patterns, shows you what it finds by placing labels on the chart, and can alert you whenever these events happen.
Penunjuk Pine Script®
oleh Trigomi
Carnival Absorption [by Oberlunar]A visual inquiry into hidden divergences and silent pressures in the market Carnival Absorption of Oberlunar is a refined algorithmic lens, designed to expose the invisible forces that operate behind price movement. Much like a Carnival, where a mask conceals a deeper identity, this tool seeks out areas where the market disguises its true intent—volume absorption cloaked in stillness, pressure coiling beneath the surface, waiting to unmask. At the core of the indicator are two phenomena: absorption and compression. Absorption is defined as a localised spike in normalised volume relative to the candle’s range. This is measured using a dynamic z-score (sigma buy/sell), which quantifies the significance of the volume within its historical context. Only when this score exceeds a configurable threshold is the candle considered a potential site of meaningful activity—what one might call a “masked intention.” But one candle is not enough. Divergence must occur. Here, the heart of the detection logic lies in comparing price action to the Cumulative Volume Delta (CVD). If price makes a new high but CVD does not—or vice versa—it suggests a disconnect between what the market displays and what it internally processes. It is in this tension between form and substance that the signal is born. When both high absorption and a valid divergence align, the area becomes a pending zone—a sort of unspoken potential. These zones are stored dynamically in memory arrays and clustered intelligently to avoid overlap and redundancy. If price returns to that area within a specified time and range tolerance, confirming the original hypothesis, the mask drops: a box is drawn on the chart, accompanied by a confidence label that quantifies how closely the current price behavior matches the pending structure. The closer the price aligns with the heart of the original zone, the higher the confidence percentage—up to 100%. But the Carnival continues. When a bullish absorption zone is followed by a bearish one (or vice versa), the indicator detects a compression. This is not a reversal signal, but a phase of coiled tension—a compression of opposing forces, visualized as a colored box stretching between the two zones. These compressions are not arbitrary: they emerge only when the distance between the two zones is statistically significant. Once confirmed, they are labeled with the transition type (“B→S” or “S→B”) and an associated confidence metric. The visual behavior is fully customizable. Users can choose whether to display confirmed boxes, pending circles, labels, and adjust transparency and placement. Pending signals are marked with colored circles whose size and intensity reflect their statistical confidence—ranging from tiny to huge. The entire visual system acts as a living map of pressure and potential. In essence, the indicator offers more than signals—it delivers a narrative. It doesn't try to predict the future. Instead, it reveals the present that hides beneath the surface. Every box is a mask. Every divergence, a costume. Every compression, the moment before the music begins. This is not just an indicator. It is a stage. And on it, the forces of liquidity, manipulation, distribution, and accumulation perform their secret dance. — Oberlunar 👁️★
Penunjuk Pine Script®
oleh oberlunar_tr
CoffeeShopCrypto Supertrend Liquidity EngineMost SuperTrend indicators use fixed ATR multipliers that ignore context—forcing traders to constantly tweak settings that rarely adapt well across timeframes or assets. This Supertrend is a nodd to and a more completion of the work done by Olivier Seban ( @olivierseban ) This version replaces guesswork with an adaptive factor based on prior session volatility, dynamically adjusting stops to match current conditions. It also introduces liquidity-aware zones, real-time strength histograms, and a visual control panel—making your stoploss smarter, more responsive, and aligned with how the market actually moves. 📏 The Multiplier Problem & Adaptive Factor Solution Traditional SuperTrend indicators rely on fixed ATR multipliers—often arbitrary numbers like 1.5, 2, or 3. The issue? No logical basis ties these values to actual market conditions. What works on a 5-minute Nasdaq chart fails on a daily EUR/USD chart. Traders spend hours tweaking multipliers per asset, timeframe, or volatility phase—and still end up with stoplosses that are either too tight or too loose. Worse, the market doesn’t care about your setting—it behaves according to underlying volatility, not your parameter. This version fixes that by automating the multiplier selection entirely. It uses a 4-zone model based on the current ATR relative to the previous session’s ATR, dynamically adjusting the SuperTrend factor to match current volatility. It eliminates guesswork, adapts to the asset and timeframe, and ensures you’re always using a context-aware stoploss—one that evolves with the market instead of fighting it. ATR EXAMPLE Let’s say prior session ATR = 2.00 Now suppose current ATR = 0.32 This places us in Zone 1 (Very Low Volatility) It doesn’t imply "overbought" or "oversold" — it tells you the market is moving very little, which often means: Lower risk | Smaller stops | Smaller opportunities (and losses) 🔁 Liquidity Zones vs. Arbitrary Pullbacks The standard SuperTrend stop loss line often looks like price “barely misses it” before continuing its trend. Traders call this "stop hunting," but what’s really happening is liquidity collection—price pulls back into a zone rich in orders before continuing. The problem? The old SuperTrend doesn’t show this zone. It only draws the outer limit, leaving no visual cue for where entries or continuation moves might realistically originate. This script introduces 2 levels in the Liquidity Zone. One for Support and one for Stophunts, which draw dynamically between the current price and the SuperTrend line. These levels reflect where the market is most likely to revisit before resuming the trend. By visualizing the area just above the Supertrend stop loss, you can anticipate pullbacks, spot ideal re-entries, and avoid premature exits. This bridges the gap between mechanical stoploss logic and real-world liquidity behavior. ⏳ Prior Session ATR vs. Live ATR Using real-time ATR to determine movement potential is like driving by looking in your rearview mirror. It’s reactive, not predictive. Traders often base decisions on live ATR, unaware that today’s range is still unfolding —creating volatility mismatches between what’s calculated and what actually matters. Since ATR reflects range, calculating it mid-session gives an incomplete and misleading picture of true volatility. Instead, this system uses the ATR from the previous session , anchoring your volatility assumptions in a fully-formed price structure . It tells you how far price moved in the last full market phase—be it London, New York, or Tokyo—giving you a more reliable gauge of expected range today. This is a smarter way to estimate how far price could move rather than how far it has moved. The Smoothing function will take the ATR, Support, Resistance, Stophunt Levels, and the Moving Avearage and smooth them by the calculation you choose. It will also plot a moving average on your chart against closing prices by the smoothing function you choose. 🧭 Scalping vs. Trending Modes The market moves in at least 4 phases. Trending, Ranging, Consolidation, Distribution. Every trader has a different style —some scalp low-volatility moves during off-hours, while others ride macro trends across days. The problem with classic SuperTrend? It treats every market condition the same. A fixed system can’t possibly provide proper stoploss spacing for both a fast scalp and a long-term swing. Traders are forced to rebuild their system every time the market changes character or the session shifts. This version solves that with a simple toggle: Scalping or Trend Mode . With one switch, it inverts the logic of the adaptive factor to either tighten or loosen your trailing stops. During low-liquidity hours or consolidation phases, Scalping Mode offers snug stoplosses. During expansion or clear directional bias. Trend Mode lets the trade breathe. This is flexibility built directly into the logic—not something you have to recalibrate manually. 📉 Histogram Oscillator for Move Strength In legacy indicators, there’s no built-in way to gauge when the move is losing power . Traders rely on price action or momentum indicators to guess if a trend is fading. But this adds clutter, lag, and often contradiction. The classic SuperTrend doesn’t offer insight into how strong or weak the current trend leg is—only whether price has crossed a line. This version includes a Trending Liquidity Histogram —a histogram that shows whether the liquidity in the SuperTrend zone is expanding or compressing. When the bars weaken or cross toward zero, it signals liquidity exhaustion . This early warning gives you time to prep for reversals or anticipate pullbacks. It even adapts visually depending on your trading mode, showing color-coded signals for scalping vs. trending behavior. It's both a strength gauge and a trade timing tool—built into your stoploss logic. Histogram in Scalping Mode Histogram in Trending Mode 📊 Visual Table for Real-Time Clarity A major issue with custom indicators is opacity —you don’t always know what settings or values are currently being used. Even worse, if your dynamic logic changes mid-trade, you may not notice unless you go digging into the code or logs. This can create confusion, especially for discretionary traders. This SuperTrend solves it with a clean visual summary table right on your chart. It shows your current ATR value, adaptive multiplier, trailing stop level, and whether a new zone size is active. That means no surprises and no second-guessing—everything important is visible and updated in real-time.
Penunjuk Pine Script®
oleh CoffeeshopCrypto
11
7YearEdge-L1.1📈 7YearEdge – Magic Indicator The 7YearEdge-L1 is a powerful and unique technical indicator designed to provide clear visual signals for potential buy and sell opportunities. Green Box → Indicates a potential Buy Red Box → Indicates a potential Sell 🧠 How to Use It Effectively To position yourself better: Don’t enter a trade immediately when a box appears. Wait for a retracement before taking a position. If a candle breaks below (for buys) or above (for sells) the box too strongly, the signal may be invalid. It's better to wait for a new visual indication. Let the setup form completely, then assess the context before entering. When used correctly, the indicator can help you plan your entries and exits with precision. Always apply proper stop-loss (SL) placement, based on your risk management strategy and account size. ⚠️ Disclaimer This indicator is based on personal market experience and is intended strictly for educational and reference purposes only. This tool is not financial advice or a recommendation to buy or sell any financial instrument. Trading involves risk. Profits and losses are not guaranteed, and no indicator can predict the market with certainty. Please conduct your own analysis, manage risk responsibly, and use this tool at your own discretion.
Penunjuk Pine Script®
oleh year7edge
39
Multi EMA with Smoothing & BBMulti EMA with Smoothing & BB ──────────────────────────── This script overlays **four exponential moving averages**—fully adjustable (defaults 20/30/40/50)—to give an instant read on trend direction via “EMA stacking.” • When the faster lines (short lengths) sit above the slower ones, the market is in up-trend alignment; the opposite stack signals down-trend momentum. ┌─ Optional Smoothing Engine │ The 4th EMA (slowest) can be run through a second moving-average filter to cut noise: │ ─ SMA ─ EMA ─ SMMA/RMA ─ WMA ─ VWMA ─ None │ You choose both the type and length (default 14). │ This smoothed line often acts as dynamic support/resistance for pull-back entries. └─────────────────────────── ┌─ Built-in Bollinger Bands │ If you pick **“SMA + Bollinger Bands,”** the script wraps the smoothed EMA with upper/lower bands using a user-set standard-deviation multiplier (default 2.0). │ • Band expansion ⇒ rising volatility / breakout potential. │ • Band contraction ⇒ consolidation / squeeze conditions. └─────────────────────────── Extra Utilities • **Offset** (±500 bars) lets you shift every plot forward or backward—handy for visual back-testing or screenshot aesthetics. • Selectable data *source* (close, HLC3, etc.) for compatibility with custom feeds. • Transparent BB fill improves chart readability without hiding price. Typical Uses 1. **Trend Confirmation** – Trade only in the direction of a clean EMA stack. 2. **Dynamic Stops/Targets** – Trail stops along the smoothed EMA or take profit at opposite BB. 3. **Volatility Filter** – Enter breakout strategies only when BB width begins to widen. Parameter Summary • EMA Lengths: 1–500 (defaults 20 | 30 | 40 | 50) • Smoothing Type: None / SMA / EMA / SMMA / WMA / VWMA / SMA + BB • Smoothing Length: 1–500 (default 14) • BB StdDev: 0.001–50 (default 2.0) • Offset: -500…+500 bars No repainting – all values calculated on fully closed candles. Script written in Pine Script v6. Use at your own discretion; not financial advice.
Penunjuk Pine Script®
oleh Axamdulilah