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Global Net Liquidity (TG fork)Worldwide net liquidity, with trend coloring. Global Net Liquidity attempts to represent worldwide net liquidity, and is defined as: Fed + Japan + China + UK + ECB - RRP - TGA , Where the first five components are central bank assets. On TradingView, the indicator can be reproduced with the following equations: Global Net Liquidity = FRED:WALCL + FRED:JPNASSETS * FX_IDC:JPYUSD + CNCBBS * FX_IDC:CNYUSD + GBCBBS * FX:GBPUSD + ECBASSETSW * FX:EURUSD + RRPONTSYD + WTREGEN However, this indicator adds a moving average cloud, and margin coloring, which eases historical trend assessment at a glance. This indicator can be seen as an alternative representation of the accumulation/distribution indicator (and hence the same terms can be used in this description). The Moving Average Cloud is simply the filling between the moving average (by default an EMA) and the current value. This feature was inspired by D7R ACC/DIST closed-source indicator, kudos to D7R for making such neat visual indicators. Usage instructions: Blue is more likely a phase of accumulation because the current value is above its historical price as defined by the moving average, red is when this is more likely a phase of distribution. Yellow is when the difference is below the margin, so we consider it is insignificant and that the trend is undecided. This can be disabled by setting the margin to 0. While the color indicates if it's more likely an accumulation (blue) or distribution (red) phase or undecided (yellow), the cloud's vertical size allows to assess the strength of this tendency and the horizontal size the momentum, so that the bigger the cloud, the stronger the accumulation (if cloud is blue) or distribution (if cloud is red). Why is that so? This is because the cloud represents the difference between the current tendency and the moving averaged past one, so a bigger cloud represents a bigger departure from recently observed tendencies. In practice, when there is accumulation, a pump in price can be expected soon, or if it already happened then it means it is indeed supported by volume, whereas if distribution, either a dump is to be expected soon, or if it already happened it means it's supported by volume. Or maybe not necessarily a dump, but if there is a move upward in price, but the indicator indicates a strong distribution, then it means that the price movement is not supported and may not be sustainable (reversal may happen at anytime), whereas if price is going upward AND there is an accumulation (blue coloring) then it is more sustainable. This can be used to adapt strategies accordingly (risk on/risk off depending on whether there is concordance of both price and accumulation/distribution). This indicator also includes sentiment signals that can be used to trigger alarms. This indicator is a remix of Dharmatech's, who authored the first this Global Net Liquidity equation, kudos to them! Please show them some love if you like this indicator!
Penunjuk Pine Script®
oleh tartigradia
1
Fierytrading: Volatility DepthDear Tradingview community, I'd like to share one of my staple indicators with you. The volatility depth indicator calculates the volatility over a 7-day period and plots it on your chart. This indicator only works for the DAILY chart on BTC/USD. Colors I've color coded the indicator as follows: - Red: Extreme Volatility - Orange: High Volatility - Yellow: Normal Volatility - Green: Low Volatility Red: extreme changes in price. Often during local tops and bottoms. Orange: higher than average moves in price. Often before or after a "red" period. Often seen in the middle of bear or bull markets. Yellow: normal price action. Often seen during early stage bull-markets and late stage bear-markets. Green: very low price movement. Often during times of indecision. Once this indicator becomes green, you can expect a big move in either direction. Low volatility is always followed by high volatility. In a long-term uptrend, a green period often signals a bullish break out. In a long-term downtrend it often signals a bearish break out. How to use Save the indicator and apply it to your chart. You can change the length in the settings, but it's optimized for 7 days, so no need to change it. I've build in alerts for all 4 different volatility periods. In most cases, the low volatility alert is enough. Good luck!
Penunjuk Pine Script®
oleh FieryTrading
2
Stan Weinstein Trend IndicatorThis indicator is a trend indicator for trading charts based on the method of Stan Weinstein. It uses various technical methods to identify four trend phases on an asset: consolidation, advancement, plateauing, and decline. Users can customize the indicator by modifying parameters such as the periods for various calculations, such as the exponential moving average (EMA), the relative strength index (RSI), and support and resistance levels. The results of these calculations are then used to determine if an asset is in a phase of consolidation, advancement, plateauing, or decline. The results are displayed as markers on the chart, with the following colors: White: Consolidation Green: Advancement Blue: Plateauing Red: Decline According to the method of Stan Weinstein, it is recommended to buy an asset during an advancement phase and sell it during a plateauing phase. Similarly, it is recommended to sell an asset during a decline phase and cut this sale when the consolidation phase starts. It is important to note that this indicator is for informational purposes only and should not be used as investment advice. It is important to conduct fundamental and technical analysis before making an investment decision. It is also recommended to combine this analysis with other methods for optimal results and to consider the risks associated with any investment. All default parameters of this indicator have been carefully chosen to provide the best possible results, however, it is possible to modify them according to personal preferences. It is important to note that modifying certain parameters may make the indicator less relevant and it is therefore recommended not to deviate too much from default values, unless you have a good understanding of the Stan Weinstein method and the technical indicators used. It is important to note that this indicator is optimized for 1-week charts. It can be used to look at charts at other timeframes but calculations will always be based on weekly data. Also, it is noteworthy that this indicator is optimized for cryptocurrencies, except Bitcoin, as it is used to calculate the relative strength of a token. However, you can choose the asset or index you want in the menu to calculate the relative strength. Furthermore, all the default settings are carefully chosen, but users are free to modify them, but doing so may result in less relevant results.
Penunjuk Pine Script®
oleh Ecipi
10
Matt Market EfficiencyThis is a custom Pine Script v5 indicator for TradingView that creates a Market Efficiency Heatmap as a background overlay on your chart. It visualizes how "efficient" the market's price movement is over a specified period—essentially measuring how much of the total price volatility (wiggle room) resulted in net directional progress, weighted with volume activity. High efficiency (stronger, less transparent color) indicates a clean trend with minimal wasted movement (e.g., a strong uptrend or downtrend). Low efficiency (fainter color) suggests choppy, inefficient price action (e.g., ranging or noisy market). Color coding: Teal for bullish (net price up), Purple for bearish (net price down). The heatmap intensity scales from 1% opacity (very low efficiency) to 25% opacity (high efficiency), making it subtle yet informative without overwhelming the chart.
Penunjuk Pine Script®
oleh mattlanders
First 30M Candle Rule Ref / 5M EntriesThis strategy highlights and reacts to two key 30-minute candles on the Romanian market schedule — at 10:30 AM and 15:30 or 16:30 (depending on daylight saving time). It is designed to run on a 5-minute chart, using the 30-minute candles as reference points for potential entries. When each 30-minute candle closes, the script: Colors the background during that specific 30-minute period (green for the morning session, red for the afternoon session) Sends an alert confirming the candle’s closure Places a symbolic long trade after the 10:30 candle closes and a symbolic short trade after the afternoon candle closes (for backtesting purposes) This setup allows traders to test or automate strategies that rely on market reactions following key time-based candles, without plotting any extra lines on the chart.
Strategi Pine Script®
oleh danutz3llu
Time Line Indicator - by LMTime Line Indicator – by LM Description: The Time Line Indicator is a simple, clean, and customizable tool designed to visualize specific time periods within each hour directly in a dedicated indicator pane. It allows traders to mark important intraday minute ranges across multiple past hours, providing a clear visual reference for time-based analysis. This indicator is perfect for identifying recurring hourly windows, session patterns, or custom time-based events in your charts. Unlike traditional overlays, this indicator does not interfere with price candles and draws its lines in a separate pane at the bottom of your chart for clarity. Key Features: Custom Hourly Lines: Draw horizontal lines for a specific minute range within each hour, e.g., from the 45th minute to the 15th minute of the next hour. Multi-Hour Support: Choose how many past hours to display. The indicator will replicate the line for each selected hourly period, following the same minute logic. Automatic Start/End Logic: If your chosen start minute is in the previous hour, the line correctly begins at that time. The end minute can cross into the next hour when applicable. If the selected end minute does not yet exist in the current chart data, the line will extend to the latest available bar. Dedicated Indicator Pane: Lines appear in a fixed, non-intrusive y-axis within the indicator pane (overlay=false), keeping your price chart clean. Customizable Appearance: Line Color: Choose any color to match your chart theme. Line Thickness: Adjust the width of the lines for better visibility. Inputs: Input Name Type Default Description Line Color Color Orange The color of the horizontal lines. Line Thickness Integer 2 The thickness of each line (1–5). Start Minute Integer 5 The minute within the hour where the line begins (0–59). End Minute Integer 25 The minute within the hour where the line ends (0–59). Hours Back Integer 3 Number of past hours to display lines for. Use Cases: Intraday Analysis: Quickly visualize recurring minute ranges across multiple hours. Session Tracking: Mark critical time windows for trading sessions or market events. Pattern Recognition: Easily identify time-based patterns or setups without cluttering the price chart. How It Works: The indicator calculates the nearest bars corresponding to your start and end minutes. It draws horizontal lines at a fixed y-axis value within the indicator pane. Lines are drawn for each selected past hour, replicating the chosen minute span. All logic respects the actual chart data; lines never extend into the future beyond the most recent bar. Notes: Overlay is set to false, so lines appear in a dedicated pane below the price chart. The indicator is fully compatible with any timeframe. Lines adjust automatically to match the chart’s bar spacing. You can change the number of hours displayed at any time without affecting existing lines. If you want, I can also draft a shorter “TradingView Store / Public Library description” version under 500 characters for the “Short Description” field — concise and punchy for users scrolling through indicators.
Penunjuk Pine Script®
oleh LouisMont
Forecast PriceTime Oracle [CHE] Forecast PriceTime Oracle — Prioritizes quality over quantity by using Power Pivots via RSI %B metric to forecast future pivot highs/lows in price and time Summary This indicator identifies potential pivot highs and lows based on out-of-bounds conditions in a modified RSI %B metric, then projects future occurrences by estimating time intervals and price changes from historical medians. It provides visual forecasts via diagonal and horizontal lines, tracks achievement with color changes and symbols, and displays a dashboard for statistical overview including hit rates. Signals are robust due to median-based aggregation, which reduces outlier influence, and optional tolerance settings for near-misses, making it suitable for anticipating reversals in ranging or trending markets. Motivation: Why this design? Standard pivot detection often lags or generates false signals in volatile conditions, missing the timing of true extrema. This design leverages out-of-bounds excursions in RSI %B to capture "Power Pivots" early—focusing on quality over quantity by prioritizing significant extrema rather than every minor swing—then uses historical deltas in time and price to forecast the next ones, addressing the need for proactive rather than reactive analysis. It assumes that pivot spacing follows statistical patterns, allowing users to prepare entries or exits ahead of confirmation. What’s different vs. standard approaches? - Reference baseline: Diverges from traditional ta.pivothigh/low, which require fixed left/right lengths and confirm only after bars close, often too late for dynamic markets. - Architecture differences: - Detects extrema during OOB runs rather than post-bar symmetry. - Aggregates deltas via medians (or alternatives) over a user-defined history, capping arrays to manage resources. - Applies tolerance thresholds for hit detection, with options for percentage, absolute, or volatility-adjusted (ATR) flexibility. - Freezes achieved forecasts with visual states to avoid clutter. - Practical effect: Charts show proactive dashed projections instead of retrospective dots; the dashboard reveals evolving hit rates, helping users gauge reliability over time without manual calculation. How it works (technical) The indicator first computes a smoothed RSI over a specified length, then applies Bollinger Bands to derive %B, flagging out-of-bounds below zero or above one hundred as potential run starts. During these runs, it tracks the extreme high or low price and bar index. Upon exit from the OOB state, it confirms the Power Pivot at that extreme and records the time delta (bars since prior) and price change percentage to rolling arrays. For forecasts, it calculates the median (or selected statistic) of recent deltas, subtracts the confirmation delay (bars from apex to exit), and projects ahead by that adjusted amount. Price targets use the median change applied to the origin pivot value. Lines are drawn from the apex to the target bar and price, with a short horizontal at the endpoint. Arrays store up to five active forecasts, pruning oldest on overflow. Tolerance adjusts hit checks: for highs, if the high reaches or exceeds the target (adjusted by tolerance); for lows, if the low drops to or below. Once hit, the forecast freezes, changing colors and symbols, and extends the horizontal to the hit bar. Persistent variables maintain last pivot states across bars; arrays initialize empty and grow until capped at history length. Parameter Guide Source: Specifies the data input for the RSI computation, influencing how price action is captured. Default is close. For conservative signals in noisy environments, switch to high; using low boosts responsiveness but may increase false positives. RSI Length: Sets the smoothing period for the RSI calculation, with longer values helping to filter out whipsaws. Default is 32. Opt for shorter lengths like 14 to 21 on faster timeframes for quicker reactions, or extend to 50 or more in strong trends to enhance stability at the cost of some lag. BB Length: Defines the period for the Bollinger Bands applied to %B, directly affecting how often out-of-bounds conditions are triggered. Default is 20. Align it with the RSI length: shorter periods detect more potential runs but risk added noise, while longer ones provide better filtering yet might overlook emerging extrema. BB StdDev: Controls the multiplier for the standard deviation in the bands, where wider settings reduce false out-of-bounds alerts. Default is 2.0. Narrow it to 1.5 for highly volatile assets to catch more signals, or broaden to 2.5 or higher to emphasize only major movements. Show Price Forecast: Enables or disables the display of diagonal and target lines along with their updates. Default is true. Turn it off for simpler chart views, or keep it on to aid in trade planning. History Length: Determines the number of recent pivot samples used for median-based statistics, where more history leads to smoother but potentially less current estimates. Default is 50. Start with a minimum of 5 to build data; limit to 100 to 200 to prevent outdated regimes from skewing results. Max Lookahead: Limits the number of bars projected forward to avoid overly extended lines. Default is 500. Reduce to 100 to 200 for intraday focus, or increase for longer swing horizons. Stat Method: Selects the aggregation technique for time and price deltas: Median for robustness against outliers, Trimmed Mean (20%) for a balanced trim of extremes, or 75th Percentile for a conservative upward tilt. Default is Median. Use Median for even distributions; switch to Percentile when emphasizing potential upside in trending conditions. Tolerance Type: Chooses the approach for flexible hit detection: None for exact matches, Percentage for relative adjustments, Absolute for fixed point offsets, or ATR for scaling with volatility. Default is None. Begin with Percentage at 0.5 percent for currency pairs, or ATR for adapting to cryptocurrency swings. Tolerance %: Provides the relative buffer when using Percentage mode, forgiving small deviations. Default is 0.5. Set between 0.2 and 1.0 percent; higher values accommodate gaps but can overstate hit counts. Tolerance Points: Establishes a fixed offset in price units for Absolute mode. Default is 0.0010. Tailor to the asset, such as 0.0001 for forex pairs, and validate against past wick behavior. ATR Length: Specifies the period for the Average True Range in dynamic tolerance calculations. Default is 14. This is the standard setting; shorten to 10 to reflect more recent volatility. ATR Multiplier: Adjusts the ATR scale for tolerance width in ATR mode. Default is 0.5. Range from 0.3 for tighter precision to 0.8 for greater leniency. Dashboard Location: Positions the summary table on the chart. Default is Bottom Right. Consider Top Left for better visibility on mobile devices. Dashboard Size: Controls the text scaling for dashboard readability. Default is Normal. Choose Tiny for dense overlays or Large for detailed review sessions. Text/Frame Color: Sets the color scheme for dashboard text and borders. Default is gray. Align with your chart theme, opting for lighter shades on dark backgrounds. Reading & Interpretation Forecast lines appear as dashed diagonals from confirmed pivots to projected targets, with solid horizontals at endpoints marking price levels. Open targets show a target symbol (🎯); achieved ones switch to a trophy symbol (🏆) in gray, with lines fading to gray. The dashboard summarizes median time/price deltas, sample counts, and hit rates—rising rates indicate improving forecast alignment. Colors differentiate highs (red) from lows (lime); frozen states signal validated projections. Practical Workflows & Combinations - Trend following: Enter long on low forecast hits during uptrends (higher highs/lower lows structure); filter with EMA crossovers to ignore counter-trend signals. - Reversal setups: Short above high projections in overextended rallies; use volume spikes as confirmation to reduce false breaks. - Exits/Stops: Trail stops to prior pivot lows; conservative on low hit rates (below 50%), aggressive above 70% with tight tolerance. - Multi-TF: Apply on 1H for entries, 4H for time projections; combine with Ichimoku clouds for confluence on targets. - Risk management: Position size inversely to delta uncertainty (wider history = smaller bets); avoid low-liquidity sessions. Behavior, Constraints & Performance Confirmation occurs on OOB exit, so live-bar pivots may adjust until close, but projections update only on events to minimize repaint. No security or HTF calls, so no external lookahead issues. Arrays cap at history length with shifts; forecasts limited to five active, pruning FIFO. Loops iterate over small fixed sizes (e.g., up to 50 for stats), efficient on most hardware. Max lines/labels at 500 prevent overflow. Known limits: Sensitive to OOB parameter tuning—too tight misses runs; assumes stationary pivot stats, which may shift in regime changes like low vol. Gaps or holidays distort time deltas. Sensible Defaults & Quick Tuning Defaults suit forex/crypto on 1H–4H: RSI 32/BB 20 for balanced detection, Median stats over 50 samples, None tolerance for exactness. - Too many false runs: Increase BB StdDev to 2.5 or RSI Length to 50 for filtering. - Lagging forecasts: Shorten History Length to 20; switch to 75th Percentile for forward bias. - Missed near-hits: Enable Percentage tolerance at 0.3% to capture wicks without overcounting. - Cluttered charts: Reduce Max Lookahead to 200; disable dashboard on lower TFs. What this indicator is—and isn’t This is a forecasting visualization layer for pivot-based analysis, highlighting statistical projections from historical patterns. It is not a standalone system—pair with price action, volume, and risk rules. Not predictive of all turns; focuses on OOB-derived extrema, ignoring volume or news impacts. Disclaimer The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context. Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved. By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk. Do not use this indicator on Heikin-Ashi, Renko, Kagi, Point-and-Figure, or Range charts, as these chart types can produce unrealistic results for signal markers and alerts. Best regards and happy trading Chervolino
Penunjuk Pine Script®
oleh chervolino
Puell Multiple Variants [OperationHeadLessChicken]"Puell Multiple Variants" includes three related indicators for analysing Bitcoin miner revenue dynamics: Classic Puell Multiple – the original indicator showing how current miner revenue compares to its long-term average. Halving-Corrected Puell Multiple – applies a compensation factor to adjust for miner revenue reductions after each halving, allowing easier comparison to a consistent overvalued threshold. Revenue RSI – a novel approach applying the Relative Strength Index to miner revenue to identify potential over- and undervalued conditions. Each component can be shown or hidden individually. All parameters are fully adjustable via input settings.
Penunjuk Pine Script®
oleh OperationHeadLessChicken
Squeeze Weekday Frequency [CHE] Squeeze Weekday Frequency — Tracks historical frequency of low-volatility squeezes by weekday to inform timing of low-risk setups. Summary This indicator monitors periods of unusually low volatility, defined as when the average true range falls below a percentile threshold, and tallies their occurrences across each weekday. By aggregating these counts over the chart's history, it reveals patterns in squeeze frequency, helping traders avoid or target specific days for reduced noise. The approach uses persistent counters to ensure accurate daily tallies without duplicates, providing a robust view of weekday biases in volatility regimes. Motivation: Why this design? Traders often face inconsistent signal quality due to varying volatility patterns tied to the trading calendar, such as quieter mid-week sessions or busier Mondays. This indicator addresses that by binning low-volatility events into weekday buckets, allowing users to spot recurring low-activity days where trends may develop with less whipsaw. It focuses on historical aggregation rather than real-time alerts, emphasizing pattern recognition over prediction. What’s different vs. standard approaches? - Reference baseline: Traditional volatility trackers like simple moving averages of range or standalone Bollinger Band squeezes, which ignore temporal distribution. - Architecture differences: - Employs array-based persistent counters for each weekday to accumulate events without recounting. - Includes duplicate prevention via day-key tracking to handle sparse data. - Features on-demand sorting and conditional display modes for focused insights. - Practical effect: Charts show a persistent table of ranked weekdays instead of transient plots, making it easier to glance at biases like higher squeezes on Fridays, which reduces the need for manual logging and highlights calendar-driven edges. How it works (technical) The indicator first computes the average true range over a specified lookback period to gauge recent volatility. It then ranks this value against its own history within a sliding window to identify squeezes when the rank drops below the threshold. Each bar's timestamp is resolved to a weekday using the selected timezone, and a unique day identifier is generated from the date components. On detecting a squeeze and valid price data, it checks against a stored last-marked day for that weekday to avoid multiple counts per day. If it's a new occurrence, the corresponding weekday counter in an array increments. Total days and data-valid days are tracked separately for context. At the chart's last bar, it sums all counters to compute shares, sorts weekdays by their squeeze proportions, and populates a table with the selected subset. The table alternates row colors and highlights the peak weekday. An info label above the final bar summarizes totals and the top day. Background shading applies a faint red to squeeze bars for visual confirmation. State persists via variable arrays initialized once, ensuring counts build incrementally without resets. Parameter Guide ATR Length — Sets the lookback for measuring average true range, influencing squeeze sensitivity to short-term swings. Default: 14. Trade-offs/Tips: Shorter values increase responsiveness but raise false positives in chop; longer smooths for stability, potentially missing early squeezes. Percentile Window (bars) — Defines the history length for ranking the current ATR, balancing recent relevance with sample size. Default: 252. Trade-offs/Tips: Narrower windows adapt faster to regime shifts but amplify noise; wider ones stabilize ranks yet lag in fast markets—aim for 100-500 bars on daily charts. Squeeze threshold (PR < x) — Determines the cutoff for low-volatility classification; lower values flag rarer, tighter squeezes. Default: 10.0. Trade-offs/Tips: Tighter thresholds (under 5) yield fewer but higher-quality signals, reducing clutter; looser (over 20) captures more events at the cost of relevance. Timezone — Selects the reference for weekday assignment; exchange default aligns with asset's session. Default: Exchange. Trade-offs/Tips: Use custom for cross-market analysis, but verify alignment to avoid offset errors in global pairs. Show — Toggles the results table visibility for quick on/off of the display. Default: true. Trade-offs/Tips: Disable in multi-indicator setups to save screen space; re-enable for periodic reviews. Pos — Positions the table on the chart pane for optimal viewing. Default: Top Right. Trade-offs/Tips: Bottom options suit long-term charts; test placements to avoid overlapping price action. Font — Adjusts text size in the table for readability at different zooms. Default: normal. Trade-offs/Tips: Smaller fonts fit more data but strain eyes on small screens; larger for presentations. Dark — Applies a dark color scheme to the table for contrast against chart backgrounds. Default: true. Trade-offs/Tips: Toggle false for light themes; ensures legibility without manual recoloring. Display — Filters table rows to show all, top three, or bottom three weekdays by squeeze share. Default: All. Trade-offs/Tips: Use "Top 3" for focus on high-frequency days in active trading; "All" for full audits. Reading & Interpretation Red-tinted backgrounds mark individual squeeze bars, indicating current low-volatility conditions. The table's summary row shows the highest squeeze count, its percentage of total events, and the associated weekday in teal. Detail rows list selected weekdays with their absolute counts, proportional shares, and a left arrow for the peak day—higher percentages signal days where squeezes cluster, suggesting potential for calmer trend development. The info label reports overall days observed, valid data days, and reiterates the top weekday with its count. Drifting counts toward zero on a weekday imply rarity, while elevated ones point to habitual low-activity sessions. Practical Workflows & Combinations - Trend following: Scan for squeezes on high-frequency weekdays as entry filters, confirming with higher highs or lower lows in the structure; pair with momentum oscillators to time breaks. - Exits/Stops: On low-squeeze days, widen stops for breathing room, tightening them during peak squeeze periods to guard against false breaks—use the table's percentages as a regime proxy. - Multi-asset/Multi-TF: Defaults work across forex and indices on hourly or daily frames; for stocks, adjust percentile window to 100 for shorter histories. Scale thresholds up by 5-10 points for high-vol assets like crypto to maintain signal sparsity. Behavior, Constraints & Performance - Repaint/confirmation: Counts update only on confirmed bars via day-key changes, with no future references—live bars may shade red tentatively but tallies finalize at session close. - security()/HTF: Not used, so no higher-timeframe repaint risks; all computations stay in the chart's resolution. - Resources: Relies on a fixed-size array of seven elements and small loops for sorting and table fills, capped at 5000 bars back—efficient for most charts but may slow on very long intraday histories. - Known limits: Ignores weekends and holidays implicitly via data presence; early chart bars lack full percentile context, leading to initial undercounting; assumes continuous sessions, so gaps in data (e.g., news halts) skew totals. Sensible Defaults & Quick Tuning Start with the built-in values for broad-market daily charts: ATR at 14, window at 252, threshold at 10. For noisier environments, lower the threshold to 5 and shorten the window to 100 to prioritize rare squeezes. If too few events appear, raise the threshold to 15 and extend ATR to 20 for broader capture. To combat overcounting in sparse data, widen the window to 500 while keeping others stock—monitor the info label's data-days count before trusting patterns. What this indicator is—and isn’t This serves as a statistical overlay for spotting calendar-based volatility biases, aiding in session selection and filter design. It is not a standalone signal generator, predictive model, or risk manager—integrate it with price action, volume, and broader strategy rules for decisions. Disclaimer The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context. Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved. By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk. Do not use this indicator on Heikin-Ashi, Renko, Kagi, Point-and-Figure, or Range charts, as these chart types can produce unrealistic results for signal markers and alerts. Best regards and happy trading Chervolino
Penunjuk Pine Script®
oleh chervolino
First-Move-Wrong Toolkit [CHE] First-Move-Wrong Toolkit — Session-bound sweep rejection with structure confirmation Summary This indicator marks potential “first move wrong” reversals during a defined trading session. It looks for a quick sweep beyond the prior day high or low, or the opening range high or low, followed by rejection and a basic structure confirmation. Optional rules require a retest and a VWAP reclaim in the direction of the trade idea. The script renders session levels as right-extended lines, signals as labels, optional SL/TP guide lines for visualization, and background tints during sweep events. Pivots are confirmed using swing width, which reduces repaint risk compared to live swings. Motivation: Why this design? Intraday reversals often start with a liquidity sweep around obvious highs or lows. Acting on the sweep alone can be noisy, while waiting for structure break and a retest can be slow. This tool balances both by checking a sweep and rejection at session-relevant levels, then requiring a simple structure cue and, optionally, a retest and a VWAP filter. The goal is a clear, rule-based signal layer that is easy to audit on chart without hidden state. What’s different vs. standard approaches? Baseline reference: Simple sweep detectors or basic CHOCH markers that ignore session context and liquidity anchors. Architecture differences: Session-aware opening range tracking that finalizes after the chosen minutes from session start. Daily previous high and low pulled without lookahead, then extended forward as visual anchors. Confirmed pivot highs and lows to avoid repaint from live, unconfirmed swings. Optional retest rule using crossover or crossunder at the trigger level. Optional VWAP filter to demand reclaim in the intended direction. Global label cooldown to prevent clusters of signals. Practical effect: Fewer one-off flips around noisy levels, clearer alignment with session structure, and compact visual feedback through lines, labels, and tints. How it works (technical) Levels: During the defined session, the script builds an opening range high and low until the configured minute mark after session start, then freezes those levels for the day. It also fetches the previous day high and low from the daily timeframe without lookahead and extends them forward. Sweep and rejection: A sweep is defined as price moving beyond a target level and then rejecting back inside on the same bar. The script checks this condition separately for highs and lows against opening range and previous-day levels. Structure validation: Confirmed pivot highs and lows are computed using a symmetric swing width. A bearish idea requires a prior sweep of a high plus a break through the last confirmed swing low. A bullish idea requires a prior sweep of a low plus a break through the last confirmed swing high. Optional retest: If enabled, a bearish signal needs a cross under the bearish trigger level; a bullish signal needs a cross over the bullish trigger level. VWAP filter (optional): The script requires a reclaim of VWAP in the intended direction when enabled. State handling: Opening range values, previous-day lines, and the label cooldown timestamp are stored in persistent variables. Lines are created once and updated each bar to extend forward. Repaint considerations: Pivots confirm only after the specified swing width, reducing repaint. The daily level request is performed without lookahead. Signals use closed-bar checks implied by crossover and crossunder logic. Parameter Guide Session (local) — Defines the active trading window. Default nine to seventeen. Narrower windows focus on the main session drive. Opening Range (min) — Minutes from session start to finalize OR levels. Default fifteen. Shorter values react faster; longer values stabilize levels. Use PrevDay H/L levels — Toggle previous-day anchors. On by default. Use OR H/L levels — Toggle opening range anchors. On by default. Equal H/L tolerance (ticks) — Intended tolerance for equal highs or lows. Default one. (Unknown/Optional) in current signals. Swing width — Bars on both sides for confirmed pivots. Default two. Larger values reduce noise but confirm later. Require CHOCH after sweep — Enforces structure break after a sweep. On by default. Prefer retest entries — Requires crossover or crossunder of the trigger level. On by default. VWAP filter — Demands a reclaim of VWAP in signal direction. Off by default. TP in R (guide) — Multiplier for visual TP guides. Default one. Visualization only. Show levels / Show signals / Show R-guides — Rendering toggles. R-guides are visual aids, not orders. Label cooldown (bars) — Minimum bars between labels. Default five. Higher values reduce clusters. Palette inputs — Colors and transparencies for levels, labels, VWAP, and tints. Reading & Interpretation Lines: Dotted lines represent opening range high and low after the OR window completes. Dashed lines represent previous-day high and low. Signals: “Long” labels appear after a low-side sweep with rejection and structure confirmation, subject to optional retest and VWAP rules. “Short” labels mirror this on the high side. Background tints: Red-tinted bars indicate a high-side sweep and rejection. Green-tinted bars indicate a low-side sweep and rejection. R-guides: Circles display a visual stop level at the bar extreme and a target guide based on the selected multiple. They are informational only. Practical Workflows & Combinations Session reversal scans: During the first hour, watch for sweeps around previous-day or opening range levels, then wait for structure confirmation and optional retest. Trend following with filters: Combine signals with higher-timeframe structure or a moving average regime check. Ignore signals against the dominant regime. Exits and stops: Use the visual stop as a reference near the sweep extreme; adapt the target guide to volatility and market conditions. Multi-asset / Multi-TF: Works on intraday timeframes for liquid futures, indices, forex, and large-cap equities. Start with default settings and adjust swing width and OR minutes to instrument volatility. Behavior, Constraints & Performance Repaint/confirmation: Pivots confirm after the swing window completes. Signals occur only when conditions are met on closed bars. security()/HTF: Daily previous-day levels are requested without lookahead to reduce repaint. Resources: Uses persistent variables and line updates per bar; no heavy loops or arrays. Known limits: Signals can arrive later when swing width is large. Gaps around session boundaries may distort OR levels. VWAP behavior may vary with partial sessions or illiquid assets. Sensible Defaults & Quick Tuning Starting point: Session nine to seventeen, opening range fifteen minutes, swing width two, CHOCH required, retest on, VWAP off, cooldown five bars. Too many flips: Increase swing width, enable VWAP filter, or raise label cooldown. Too sluggish: Reduce swing width or shorten the opening range window. Too many session-level hits: Disable either previous-day levels or opening range levels to simplify context. What this indicator is—and isn’t This is a session-aware visualization and signal layer focused on sweep-plus-structure behavior. It is not a complete trading system and does not manage orders, risk, or portfolio exposure. Use it with market structure, risk limits, and execution rules that fit your process. Disclaimer The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context. Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved. By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk. Do not use this indicator on Heikin-Ashi, Renko, Kagi, Point-and-Figure, or Range charts, as these chart types can produce unrealistic results for signal markers and alerts. Best regards and happy trading Chervolino
Penunjuk Pine Script®
oleh chervolino
1
Background Trend Follower by exp3rtsThe Background Trend Follower indicator visually highlights the market’s daily directional bias using subtle background colors. It calculates the price change from the daily open and shades the chart background according to the current intraday momentum. 🟢 Green background → Price is significantly above the daily open (strong bullish trend) 🔴 Red background → Price is significantly below the daily open (strong bearish trend) 🟡 Yellow background → Price is trading near the daily open (neutral or consolidating phase) The script automatically detects each new trading day. It records the opening price at the start of the day. As the session progresses, it continuously measures how far the current price has moved from that open. When the move exceeds ±50 points (custom threshold), the background color adapts to reflect the trend strength. Perfect for traders who want a quick visual sense of intraday bias — bullish, bearish, or neutral — without cluttering the chart with extra indicators.
Penunjuk Pine Script®
oleh exp3rts
Ultimate RSI (14) TDBurbin's RSI Alerts: RSI alerts can be used ONLY when you're awaiting a chart to shift it's momentum. Example: You are waiting for a take profit signal and you'd like a push notification when this is triggered. These are NOT intended to be Buy and Sell signals. Only to get your attention. Pair with other confirmations. **There are 4 alerts. "RSI Bullish Cross" "RSI Bearish Cross" "RSI Bounce Buy" "RSI Sell". Both of the Cross alerts can be early. Can be too early. The RSI Bounce Buy and RSI Sell are when the RSI line has crossed back inside the outer bands; from Oversold or Overbought. They are a fairly reliable signal, especially when used with other TA such as support, volume, etc. Default Overbought is 80, default oversold is 20. Can be used on multiple timeframes. This is a modified version of LuxAlgo's Ultimate RSI. This is for education purposes only and personal use by Burbin. Inspired by AA, and dedicated to TD. LuxAlgo's Description: The Ultimate RSI indicator is a new oscillator based on the calculation of the Relative Strength Index that aims to put more emphasis on the trend, thus having a less noisy output. Opposite to the regular RSI, this oscillator is designed for a trend trading approach instead of a contrarian one. 🔶 USAGE While returning the same information as a regular RSI, the Ultimate RSI puts more emphasis on trends, and as such can reach overbought/oversold levels faster as well as staying longer within these areas. This can avoid the common issue of an RSI regularly crossing an overbought or oversold level while the trend makes new higher highs/lower lows. The Ultimate RSI crossing above the overbought level can be indicative of a strong uptrend (highlighted as a green area), while an Ultimate RSI crossing under the oversold level can be indicative of a strong downtrend (highlighted as a red area). The Ultimate RSI crossing the 50 midline can also indicate trends, with the oscillator being above indicating an uptrend, else a downtrend. Unlike a regular RSI, the Ultimate RSI will cross the midline level less often, thus generating fewer whipsaw signals. For even more timely indications users can observe the Ultimate RSI relative to its signal line. An Ultimate RSI above its signal line can indicate it is increasing, while the opposite would indicate it is decreasing. 🔹Smoothing Methods Users can return more reactive or smoother results depending on the selected smoothing method used for the calculation of the Ultimate RSI. Options include: Exponential Moving Average (EMA) Simple Moving Average (SMA) Wilder's Moving Average (RMA) Triangular Moving Average (TMA) These are ranked by the degree of reactivity of each method, with higher ones being more reactive (but less smooth). Users can also select the smoothing method used by the signal line. 🔶 DETAILS The RSI returns a normalized exponential average of price changes in the range (0, 100), which can be simply calculated as follows: ema(d) / ema(|d|) × 50 + 50 🔶 SETTINGS Length: Calculation period of the indicator Method: Smoothing method used for the calculation of the indicator. Source: Input source of the indicator 🔹Signal Line Smooth: Degree of smoothness of the signal line Method: Smoothing method used to calculation the signal line.
Penunjuk Pine Script®
oleh DeeeeezNuts