Market Matrix ViewThis technical indicator is designed to provide traders with a quick and integrated view of market dynamics by combining several popular indicators into a single tool. It's not a magic bullet, but a practical aid for analyzing buying/selling pressure, trends, volume, and divergences, saving you time in the decision-making process. Built for flexibility, the indicator adapts to various trading styles (scalping, swing, or long-term) and offers customizable settings to suit your needs.
🟡 Multi-Timeframe Trends
➤ This section displays the trend direction (bullish, bearish, or neutral) across 15-minute, 1-hour, 4-hour, and Daily timeframes, providing multi-timeframe market context. Timeframes lower than the one currently selected will show "N/A."
➤It utilizes fast and slow Exponential Moving Averages (EMAs) for each timeframe:
15m: Fast EMA 42, Slow EMA 170
1h: Fast EMA 40, Slow EMA 100
4h: Fast EMA 36, Slow EMA 107
Daily: Fast EMA 20, Slow EMA 60
🟡 Smart Flow & RVOL
➤ This section displays "Buying Pressure" or "Selling Pressure" signals based on indicator confluence, alongside volume activity ("High Activity," "Normal Activity," or "Low Activity").
➤ Smart Flow combines Chaikin Money Flow (CMF) and Money Flow Index (MFI) to detect buying/selling pressure. CMF measures money flow based on price position within the high-low range, while MFI analyzes money flow considering typical price and volume. A signal is generated only when both indicators simultaneously increase/decrease beyond an adjustable threshold ("Buy/Sell Sensitivity") and volume exceeds a Simple Moving Average (SMA) scaled by the "Volume Multiplier."
➤ RVOL (Relative Volume) calculates relative volume separately for bullish and bearish candles, comparing recent volume (fast SMA) with a reference volume (slow SMA). Thresholds are adjusted based on the selected mode.
🟡 ADX & RSI
This section displays trend strength ("Strong," "Moderate," or "Weak"), its direction ("Bullish" or "Bearish"), and the RSI momentum status ("Overbought," "Oversold," "Buy/Sell Momentum," or "Neutral").
➤ ADX (Average Directional Index) measures trend strength (above 40 = "Strong," 20–40 = "Moderate," below 20 = "Weak"). Direction is determined by comparing +DI (upward movement) with -DI (downward movement). Additionally, an arrow indicates whether the trend's strength is decreasing or increasing.
➤RSI (Relative Strength Index) evaluates price momentum. Extreme levels (above 80/85 = "Overbought," below 15/20 = "Oversold") and intermediate zones (47–53 = "Neutral," above 53 = "Buy Momentum," below 47 = "Sell Momentum") are adjusted based on the selected mode.
🟡 When these signals are active for a potential trade setup, the table's background lights up green or red, respectively.
🟡 Volume Spikes
➤This feature highlights bars with significantly higher volume than the recent average, coloring them yellow on the chart to draw attention to intense market activity.
➤It uses the Z-Score method to detect volume anomalies. Current volume is compared to a 10-bar Simple Moving Average (SMA) and the standard deviation of volume over the same period. If the Z-Score exceeds a certain threshold, the bar is marked as a volume spike.
🟡 Divergences (Volume Divergence Detection)
➤ This feature marks divergences between price and technical indicators on the chart, using diamond-shaped labels (green for bullish divergences, red for bearish divergences) to signal potential trend reversals.
➤ It compares price deviations from a Simple Moving Average (SMA) with deviations of three indicators: Chaikin Money Flow (CMF), Money Flow Index (MFI), and On-Balance Volume (OBV). A bullish divergence occurs when price falls below its average, but CMF, MFI, and OBV rise above their averages, indicating hidden accumulation. A bearish divergence occurs when price rises above its average, but CMF, MFI, and OBV fall, suggesting distribution. The length of the moving averages is adjustable (default 13/10/5 bars for Scalping/Balanced/Swing), and detection thresholds are scaled by "Divergence Sensitivity" (default 1.0).
🟡 Adaptive Stop-Loss (ATR)
➤Draws dynamic stop-loss lines (red, dashed) on the chart for buy or sell signals, helping traders manage risk.Uses the Average True Range (ATR) to calculate stop-loss levels, set at low/high ± ATR × multiplier
🟡 Alerts for trend direction changes in the Info Panel:
➤ Triggers notifications when the trend shifts to Bullish (when +DI crosses above -DI) or Bearish (when +DI crosses below -DI), helping you stay informed about key market shifts.
How to use: Set alerts in Trading View for “Trend Changed to Bullish” or “Trend Changed to Bearish” with “Once Per Bar Close” for reliable signals.
🟡 Settings (Inputs)
➤ The indicator offers customizable settings to fit your trading style, but it's already optimized for Scalping (1m–15m), Balanced (16m–3h59m), and Swing (4h–Daily) modes, which automatically adjust based on the selected timeframe. The visible inputs allow you to adjust the following parameters:
Show Info Panel: Enables/disables the information panel (default: enabled).
Show Volume Spikes: Turns on/off coloring for volume spike bars (default: enabled).
Spike Sensitivity: Controls the Z-Score threshold for detecting volume spikes (default: 2.0; lower values increase signal frequency).
Show Divergence: Enables/disables the display of divergence labels (default: enabled).
Divergence Sensitivity: Adjusts the thresholds for divergence detection (default: 1.0; higher values reduce sensitivity).
Divergence Lookback Length: Sets the length of the moving averages used for divergences (default: 5, automatically adjusted to 13/10/5 for Scalping/Balanced/Swing).
RVOL Reference Period: Defines the reference period for relative volume (default: 20, automatically adjusted to 7/15/20).
RSI Length: Sets the RSI length (default: 14, automatically adjusted to 5/10/14).
Buy Sensitivity: Controls the increase threshold for Buying Pressure signals (default: 0.007; higher values reduce frequency).
Sell Sensitivity: Controls the decrease threshold for Selling Pressure signals (default: 0.007; higher values reduce frequency).
Volume Multiplier (B/S Pressure): Adjusts the volume threshold for Smart Flow signals (default: 0.6; higher values require greater volume).
🟡 This indicator is created to simplify market analysis, but I am not a professional in Pine Script or technical indicators. This indicator is not a standalone solution. For optimal results, it must be integrated into a well-defined trading strategy that includes risk management and other confirmations.
Cari dalam skrip untuk "Divergence"
Awesome Oscillator with DivergenceSimple Awesome Oscillator with Divergences
This TradingView script combines the classic Awesome Oscillator (AO) with divergence detection. It plots AO as a histogram, highlighting changes in momentum. Divergences are identified based on pivot highs and lows, signaling potential trend reversals:
- Bullish Divergence: Price makes lower lows, AO makes higher lows.
- Bearish Divergence: Price makes higher highs, AO makes lower highs.
Visual signals (arrows) and alerts ensure clear identification, making it ideal for traders focusing on momentum and trend reversals.
MTF RSI+CMO PROThis RSI+CMO script combines the Relative Strength Index (RSI) and Chande Momentum Oscillator (CMO), providing a powerful tool to help traders analyze price momentum and spot potential turning points in the market. Unlike using RSI alone, the CMO (especially with a 14-period length) moves faster and accentuates price pops and dips in the histogram, making price shifts more apparent.
Indicator Features:
➡️RSI and CMO Combined: This indicator allows traders to track both RSI and CMO values simultaneously, highlighting differences in their movement. RSI and CMO values are both plotted on the histogram, while CMO values are also drawn as a line moving through the histogram, giving a visual representation of their relationship. The often faster-moving CMO accentuates short-term price movements, helping traders spot subtle shifts in momentum that the RSI might smooth out.
➡️Multi-Time Frame Table: A real-time, multi-time frame table displays RSI and CMO values across various timeframes. This gives traders an overview of momentum across different intervals, making it easier to spot trends and divergences across short and long-term time frames.
➡️Momentum Chart Label: A chart label compares the current RSI and CMO values with values from 1 and 2 bars back, providing an additional metric to gauge momentum. This feature allows traders to easily see if momentum is increasing or decreasing in real-time.
➡️RSI/CMO Bullish and Bearish Signals: Colored arrow plot shapes (above the histogram) indicate when RSI and CMO values are signaling bullish or bearish conditions. For example, green arrows appear when RSI is above 65, while purple arrows show when RSI is below 30 and CMO is below -40, indicating strong bearish momentum.
➡️Divergences in Histogram: The histogram can make it easier for traders to spot divergences between price and momentum. For instance, if the price is making new highs but the RSI or CMO is not, a bearish divergence may be forming. Similarly, bullish divergences can be spotted when prices are making lower lows while RSI or CMO is rising.
➡️Alert System: Alerts are built into the indicator and will trigger when specific conditions are met, allowing traders to stay informed of potential entry or exit points based on RSI and CMO levels without constantly monitoring the chart. These are set manually. Look for the 3 dots in the indicator name.
How Traders Can Use the Indicator:
💥Identifying Momentum Shifts: The RSI+CMO combination is ideal for spotting momentum shifts in the market. Traders can monitor the histogram and the CMO line to determine if the market is gaining or losing strength.
💥Confirming Trade Entries/Exits: Use the real-time RSI and CMO values across multiple time frames to confirm trades. For instance, if the 1-hour RSI is above 70 but the 1-minute RSI is turning down, it could indicate short-term overbought conditions, signaling a potential exit or reversal.
💥Spotting Divergences: Divergences are critical for predicting potential reversals. The histogram can be used to spot divergences when RSI and CMO values deviate from price action, offering an early signal of market exhaustion.
💥Tracking Multi-Time Frame Trends: The multi-time frame table provides insight into the market’s overall trend across several timeframes, helping traders ensure their decisions align with both short and long-term trends.
RSI vs. CMO: Why Use Both?
While both RSI and CMO measure momentum, the CMO often moves faster with a value of 14 for example, reacting to price changes more quickly. This makes it particularly effective for detecting sharp price movements, while RSI helps smooth out price action. By using both, traders get a clearer picture of the market's momentum, particularly during volatile periods.
Confluence and Price Fluidity:
One of the powerful ways to enhance the effectiveness of this indicator is by using it in conjunction with other technical analysis tools to create confluence. Confluence occurs when multiple indicators or price action signals align, providing stronger confirmation for a trade decision. For example:
🎯Support and Resistance Levels: Traders can use RSI+CMO in combination with key support and resistance zones. If the price is nearing a support level and RSI+CMO values start to signal a bullish reversal, this alignment strengthens the case for entering a long position.
🎯Moving Averages: When the RSI+CMO signals a potential trend reversal and this is confirmed by a crossover in moving averages (such as a 50-day and 200-day moving average), traders gain additional confidence in the trade direction.
🎯Momentum Indicators: Traders can also look for momentum indicators like the MACD to confirm the strength of a trend or potential reversal. For instance, if the RSI+CMO values start to decrease rapidly while both the RSI+CMO also shows overbought conditions, this could provide stronger confirmation to exit a long trade or enter a short position.
🎯Candlestick Patterns: Price fluidity can be monitored using candlestick formations. For example, a bearish engulfing pattern with decreasing RSI+CMo values offers confluence, adding confidence to the signal to close or short the trade.
By combining the MTF RSI+CMO PRO with other tools, traders ensure that they are not relying on a single indicator. This layered approach can reduce the likelihood of false signals and improve overall trading accuracy.
CVD Divergence Strategy.1.mmThis is the matching Strategy version of Indicator of the same name.
As a member of the K1m6a Lions discussion community we often use versions of the Cumulative Volume Delta indicator
as one of our primary tools along with RSI, RSI Divergences, Open interest, Volume Profile, TPO and Fibonacci levels.
We also discuss visual interpretations of CVD Divergences across multiple time frames much like RSI divergences.
RSI Divergences can be identified as possible Bullish reversal areas when the RSI is making higher low points while
the price is making lower low points.
RSI Divergences can be identified as possible Bearish reversal areas when the RSI is making lower high points while
the price is making higher high points.
CVD Divergences can also be identified the same way on any timeframe as possible reversal signals. As with RSI, these Divergences
often occur as a trend's momentum is giving way to lower volume and areas when profits are being taken signaling a possible reversal
of the current trending price movement.
Hidden Divergences are identified as calculations that may be signaling a continuation of the current trend.
Having not found any public domain versions of a CVD Divergence indicator I have combined some public code to create this
indicator and matching strategy. The calculations for the Cumulative Volume Delta keep a running total for the differences between
the positive changes in volume in relation to the negative changes in volume. A relative upward spike in CVD is created when
there is a large increase in buying vs a low amount of selling. A relative downward spike in CVD is created when
there is a large increase in selling vs a low amount of buying.
In the settings menu, the is a drop down to be used to view the results in alternate timeframes while the chart remains on current timeframe. The Lookback settings can be adjusted so that the divs show on a more local, spontaneous level if set at 1,1,60,1. For a deeper, wider view of the divs, they can be set higher like 7,7,60,7. Adjust them all to suit your view of the divs.
To create this indicator/strategy I used a portion of the code from "Cumulative Volume Delta" by @ contrerae which calculates
the CVD from aggregate volume of many top exchanges and plots the continuous changes on a non-overlay indicator.
For the identification and plotting of the Divergences, I used similar code from the Tradingview Technical "RSI Divergence Indicator"
This indicator should not be used as a stand-alone but as an additional tool to help identify Bullish and Bearish Divergences and
also Bullish and Bearish Hidden Divergences which, as opposed to regular divergences, may indicate a continuation.
CVD Divergence Indicator.1.mmAs a member of the K1m6a Lions discussion community we often use versions of the Cumulative Volume Delta indicator
as one of our primary tools along with RSI, RSI Divergences, Open interest, Volume Profile, TPO and Fibonacci levels.
We also discuss visual interpretations of CVD Divergences across multiple time frames much like RSI divergences.
RSI Divergences can be identified as possible Bullish reversal areas when the RSI is making higher low points while
the price is making lower low points.
RSI Divergences can be identified as possible Bearish reversal areas when the RSI is making lower high points while
the price is making higher high points.
CVD Divergences can also be identified the same way on any timeframe as possible reversal signals. As with RSI, these Divergences
often occur as a trend's momentum is giving way to lower volume and areas when profits are being taken signaling a possible reversal
of the current trending price movement.
Hidden Divergences are identified as calculations that may be signaling a continuation of the current trend.
Having not found any public domain versions of a CVD Divergence indicator I have combined some public code to create this
indicator and matching strategy. The calculations for the Cumulative Volume Delta keep a running total for the differences between
the positive changes in volume in relation to the negative changes in volume. A relative upward spike in CVD is created when
there is a large increase in buying vs a low amount of selling. A relative downward spike in CVD is created when
there is a large increase in selling vs a low amount of buying.
In the settings menu, the is a drop down to be used to view the results in alternate timeframes while the chart remains on current timeframe. The Lookback settings can be adjusted so that the divs show on a more local, spontaneous level if set at 1,1,60,1. For a deeper, wider view of the divs, they can be set higher like 7,7,60,7. Adjust them all to suit your view of the divs.
To create this indicator/strategy I used a portion of the code from "Cumulative Volume Delta" by @ contrerae which calculates
the CVD from aggregate volume of many top exchanges and plots the continuous changes on a non-overlay indicator.
For the identification and plotting of the Divergences, I used similar code from the Tradingview Technical "RSI Divergence Indicator"
This indicator should not be used as a stand-alone but as an additional tool to help identify Bullish and Bearish Divergences and
also Bullish and Bearish Hidden Divergences which, as opposed to regular divergences, may indicate a continuation.
1m Divergence Radar v.1 === Version 1 Beta, Revision 400 ===
=== Divergence Radar ===
=== Jason Tang ===
DESCRIPTION:
This script monitors several other indicators in the background, and when it detects certain combinations that indicate bullish or bearish divergences, it will create a buy or sell signal and shade the background green or red.
The indicators that this script monitors:
- 1m, 3m, 5m MACDS
- Higher Lows (Bullish Divergence) on the 3m and 5m MACD
- Lower Highs (Bearish Divergence) on the 3m and 5m MACD
- Lower Highs on the 3m and 5m DMI for buying strength (Bearish Divergence)
- Lower Highs on the 3m and 5m DMI for selling strength (Bullish Divergence)
- The 1m and 3m Keltner channel (shown as orange backgrounds only), to detect extremes in price.
The indicator will also watch for "squeeze" or "crash" conditions, at which time it will avoid sending a sell or buy signal. I have had many frustrations from shorting into a squeeze, and coded in a "don't catch the knife" safety mechanism.
To see these internal calculations, you can go to settings and check "Show Internals". Then you can check the Style tab for a label for each internal indicator.
WHY I MADE THIS:
I often watch multiple timeframes while day trading and it can be a mentally difficult task to keep track of all of the indicators on each timeframe. 1m, 3m, 5m, price candles, MACD, DMI, and more. This indicator is meant to "offload" much of the routine mental calculation like "Is there a MACD divergence on this timeframe?". It also provides me a way to visually backtest the strength of combinations of divergences. This is an ongoing project.
USAGE:
- This indicator should mainly be used on the 1m ES chart. It is meant to assist me with day trading the ES futures contract.
- Please keep in mind this is a BETA script and is in ongoing development. I tune it almost every day or week and will update it on a regular basis.
- The "buy" and "sell" zones this indicator shows are COUNTER-TREND indicators. Please keep that in mind.
- If price is RISING into a RED background, I would consider selling, if my other systems agree and if I find the risk/reward acceptable.
- If price is FALLING into a GREEN background, I would consider buying, if my other systems agree and if I find the risk/reward acceptable.
A dim RED background:
- The presence of lower highs on the 3m MACD, 5m MACD, 3m DMI Buying Strength, or 5m DMI Buying Strength
A bright RED background:
- An extremely overdone price move that is also showing some divergences. My best effort at algorithmically detecting a place to sell.
A dim GREEN background:
- The presence of higher lows on the 3m MACD, 5m MACD
- The presence of lower highs on the 3m DMI Selling Strength, or 5m DMI Selling Strength.
A bright GREEN background:
- An extremely oversold price that is also showing some divergences. My best effort at algorithmically detecting a place a buy.
A bright green dot above price (if Show Internals is checked):
- A SQUEEZE signal that cuts off any sell signal. In these conditions technical indicators do not seem to matter as forced buyers are dominating the price action. Do not be tempted to short the rip.
A bright red dot below price (if Show Internals is checked):
- A CRASH signal that cuts off any buy signal. In these conditions technical indicators do not seem to matter as forced sellers are dominating the price action. Do not be tempted to catch the knife.
Clustering & Divergences (RSI-Stoch-CCI) [Sam SDF-Solutions]The Clustering & Divergences (RSI-Stoch-CCI) indicator is a comprehensive technical analysis tool that consolidates three popular oscillators—Relative Strength Index (RSI), Stochastic, and Commodity Channel Index (CCI)—into one unified metric called the Score. This Score offers traders an aggregated view of market conditions, allowing them to quickly identify whether the market is oversold, balanced, or overbought.
Functionality:
Oscillator Clustering: The indicator calculates the values of RSI, Stochastic, and CCI using user-defined periods. These oscillator values are then normalized using one of three available methods: MinMax, Z-Score, or Z-Bins.
Score Calculation: Each normalized oscillator value is multiplied by its respective weight (which the user can adjust), and the weighted values are summed to generate an overall Score. This Score serves as a single, interpretable metric representing the combined oscillator behavior.
Market Clustering: The indicator performs clustering on the Score over a configurable window. By dividing the Score range into a set number of clusters (also configurable), the tool visually represents the market’s state. Each cluster is assigned a unique color so that traders can quickly see if the market is trending toward oversold, balanced, or overbought conditions.
Divergence Detection: The script automatically identifies both Regular and Hidden divergences between the price action and the Score. By using pivot detection on both price and Score data, the indicator marks potential reversal signals on the chart with labels and connecting lines. This helps in pinpointing moments when the price and the underlying oscillator dynamics diverge.
Customization Options: Users have full control over the indicator’s behavior. They can adjust:
The periods for each oscillator (RSI, Stochastic, CCI).
The weights applied to each oscillator in the Score calculation.
The normalization method and its manual boundaries.
The number of clusters and whether to invert the cluster order.
Parameters for divergence detection (such as pivot sensitivity and the minimum/maximum bar distance between pivots).
Visual Enhancements:
Depending on the user’s preference, either the Score or the Cluster Index (derived from the clustering process) is plotted on the chart. Additionally, the script changes the color of the price bars based on the identified cluster, providing an at-a-glance visual cue of the current market regime.
Logic & Methodology:
Input Parameters: The script starts by accepting user inputs for clustering settings, oscillator periods, weights, divergence detection, and manual boundary definitions for normalization.
Oscillator Calculation & Normalization: It computes RSI, Stochastic, and CCI values from the price data. These values are then normalized using either the MinMax method (scaling between a lower and upper band) or the Z-Score method (standardizing based on mean and standard deviation), or using Z-Bins for an alternative scaling approach.
Score Computation: Each normalized oscillator is multiplied by its corresponding weight. The sum of these products results in the overall Score that represents the combined oscillator behavior.
Clustering Algorithm: The Score is evaluated over a moving window to determine its minimum and maximum values. Using these values, the script calculates a cluster index that divides the Score into a predefined number of clusters. An option to invert the cluster calculation is provided to adjust the interpretation of the clustering.
Divergence Analysis: The indicator employs pivot detection (using left and right bar parameters) on both the price and the Score. It then compares recent pivot values to detect regular and hidden divergences. When a divergence is found, the script plots labels and optional connecting lines to highlight these key moments on the chart.
Plotting: Finally, based on the user’s selection, the indicator plots either the Score or the Cluster Index. It also overlays manual boundary lines (for the chosen normalization method) and adjusts the bar colors according to the cluster to provide clear visual feedback on market conditions.
_________
By integrating multiple oscillator signals into one cohesive tool, the Clustering & Divergences (RSI-Stoch-CCI) indicator helps traders minimize subjective analysis. Its dynamic clustering and automated divergence detection provide a streamlined method for assessing market conditions and potentially enhancing the accuracy of trading decisions.
For further details on using this indicator, please refer to the guide available at:
Ragi's Divergence HelperThis is Ragi's Divergence Helper is a TradingView indicator designed to track bullish and bearish divergences across multiple timeframes. It provides a clear, structured dashboard that remains fixed in a chosen corner of the chart for easy visibility.
Recommendations:
Put dashboard on lower left corner is less obstructive.
Use along with any RSI indicator for confirmations of bullish and bearish divergences.
Key Features:
✅ Timeframe Coverage: Monitors 5m, 10m, 15m, 30m, 1H, 2H, 4H, and Daily timeframes.
✅ Divergence Detection: Identifies whether a bullish (green) or bearish (red) divergence is present on each timeframe, displaying "None" if no divergence is detected.
✅ Divergence Lineup: Summarizes the overall market direction by checking if multiple timeframes align bullish or bearish.
✅ Customizable Settings: Users can adjust colors, panel position (Top Right, Bottom Right, Bottom Left, Top Left), and background color for better chart integration.
✅ Fixed & Readable Panel: Ensures the information is always visible without interfering with price action analysis.
How to Use It:
If multiple timeframes show bullish divergences, it may indicate a potential trend reversal or continuation to the upside.
If multiple timeframes show bearish divergences, it may signal a possible price drop or reversal downward.
When no divergences are present, it suggests no immediate divergence-based trading opportunity.
This indicator is ideal for traders looking for quick divergence insights across different timeframes without needing to analyze multiple indicators manually. 🚀
Advanced Gold Scalping Strategy with RSI Divergence# Advanced Gold Scalping Strategy with RSI Divergence
## Overview
This Pine Script implements an advanced scalping strategy for gold (XAUUSD) trading, primarily designed for the 1-minute timeframe. The strategy utilizes the Relative Strength Index (RSI) indicator along with its moving average to identify potential trade setups based on divergences between price action and RSI movements.
## Key Components
### 1. RSI Calculation
- Uses a customizable RSI length (default: 60)
- Allows selection of the source for RSI calculation (default: close price)
### 2. Moving Average of RSI
- Supports multiple MA types: SMA, EMA, SMMA (RMA), WMA, VWMA, and Bollinger Bands
- Customizable MA length (default: 3)
- Option to display Bollinger Bands with adjustable standard deviation multiplier
### 3. Divergence Detection
- Implements both bullish and bearish divergence identification
- Uses pivot high and pivot low points to detect divergences
- Allows for customization of lookback periods and range for divergence detection
### 4. Entry Conditions
- Long Entry: Bullish divergence when RSI is below 40
- Short Entry: Bearish divergence when RSI is above 60
### 5. Trade Management
- Stop Loss: Customizable, default set to 11 pips
- Take Profit: Customizable, default set to 33 pips
### 6. Visualization
- Plots RSI line and its moving average
- Displays horizontal lines at 30, 50, and 70 RSI levels
- Shows Bollinger Bands when selected
- Highlights divergences with "Bull" and "Bear" labels on the chart
## Input Parameters
- RSI Length: Adjusts the period for RSI calculation
- RSI Source: Selects the price source for RSI (close, open, high, low, hl2, hlc3, ohlc4)
- MA Type: Chooses the type of moving average applied to RSI
- MA Length: Sets the period for the moving average
- BB StdDev: Adjusts the standard deviation multiplier for Bollinger Bands
- Show Divergence: Toggles the display of divergence labels
- Stop Loss: Sets the stop loss distance in pips
- Take Profit: Sets the take profit distance in pips
## Strategy Logic
1. **RSI Calculation**:
- Computes RSI using the specified length and source
- Calculates the chosen type of moving average on the RSI
2. **Divergence Detection**:
- Identifies pivot points in both price and RSI
- Checks for higher lows in RSI with lower lows in price (bullish divergence)
- Checks for lower highs in RSI with higher highs in price (bearish divergence)
3. **Trade Entry**:
- Enters a long position when a bullish divergence is detected and RSI is below 40
- Enters a short position when a bearish divergence is detected and RSI is above 60
4. **Position Management**:
- Places a stop loss order at the entry price ± stop loss pips (depending on the direction)
- Sets a take profit order at the entry price ± take profit pips (depending on the direction)
5. **Visualization**:
- Plots the RSI and its moving average
- Draws horizontal lines for overbought/oversold levels
- Displays Bollinger Bands if selected
- Shows divergence labels on the chart for identified setups
## Usage Instructions
1. Apply the script to a 1-minute XAUUSD (Gold) chart in TradingView
2. Adjust the input parameters as needed:
- Increase RSI Length for less frequent but potentially more reliable signals
- Modify MA Type and Length to change the sensitivity of the RSI moving average
- Adjust Stop Loss and Take Profit levels based on current market volatility
3. Monitor the chart for Bull (long) and Bear (short) labels indicating potential trade setups
4. Use in conjunction with other analysis and risk management techniques
## Considerations
- This strategy is designed for short-term scalping and may not be suitable for all market conditions
- Always backtest and forward test the strategy before using it with real capital
- The effectiveness of divergence-based strategies can vary depending on market trends and volatility
- Consider using additional confirmation signals or filters to improve the strategy's performance
Remember to adapt the strategy parameters to your risk tolerance and trading style, and always practice proper risk management.
RSI Divergence Pro+ VolumeRSI Divergence Pro+ Volume
What It Does:
RSI Divergence Pro+ Volume is a non-repainting indicator that helps traders spot potential bullish and bearish reversal zones using a classic technical analysis concept—RSI divergence—combined with advanced volume confirmation. The script highlights moments when price and RSI disagree, filtering for signals only when there is a significant volume spike, which helps reduce false positives in quiet or illiquid markets.
How It Works:
Bullish Divergence: Triggered when price makes a lower low but RSI forms a higher low, suggesting possible exhaustion in selling pressure.
Bearish Divergence: Triggered when price makes a higher high but RSI forms a lower high, signaling potential buying exhaustion.
Volume Confirmation: Signals only appear when trading volume exceeds a dynamic threshold (based on a user-defined moving average and multiplier), making alerts more reliable.
Visual Features: Customizable labels and optional gradient highlights mark the exact bars where divergence with volume confirmation occurs, making signals easy to see.
Alert System: Built-in alerts for both bullish and bearish divergences so traders can receive instant notifications.
How to Use:
Apply the script to any timeframe or liquid asset (15m–4H recommended for best results).
Watch for green “BULL↑” labels below bars (bullish divergence) and red “BEAR↓” labels above bars (bearish divergence).
Blue/violet background highlights confirm volume-verified signals.
Combine with your own risk management and confirmation tools for trade entries/exits.
Adjust lookback and volume settings to match your asset and style.
Originality & Usefulness:
This indicator stands out by combining traditional RSI divergence with advanced volume filtering, giving more credible and actionable reversal alerts. All logic is non-repainting and calculated on closed bars only. Settings are fully grouped and customizable, with professional visuals for clarity.
Limitations & Disclaimers:
Not every divergence results in a major reversal—use with other analysis.
More effective in trending or volatile markets; may produce more false signals in choppy/range conditions.
Signals are generated on bar close and do not repaint.
No indicator is a substitute for proper trading discipline and risk management.
Big Candle Identifier with RSI Divergence and Advanced Stops1. Strategy Objective
The main goal of this strategy is to:
Identify significant price momentum (big candles).
Enter trades at opportune moments based on market signals (candlestick patterns and RSI divergence).
Limit initial risk through a fixed stop loss.
Maximize profits by using a trailing stop that activates only after the trade moves a specified distance in the profitable direction.
2. Components of the Strategy
A. Big Candle Identification
The strategy identifies big candles as indicators of strong momentum.
A big candle is defined as:
The body (absolute difference between close and open) of the current candle (body0) is larger than the bodies of the last five candles.
The candle is:
Bullish Big Candle: If close > open.
Bearish Big Candle: If open > close.
Purpose: Big candles signal potential continuation or reversal of trends, serving as the primary entry trigger.
B. RSI Divergence
Relative Strength Index (RSI): A momentum oscillator used to detect overbought/oversold conditions and divergence.
Fast RSI: A 5-period RSI, which is more sensitive to short-term price movements.
Slow RSI: A 14-period RSI, which smoothens fluctuations over a longer timeframe.
Divergence: The difference between the fast and slow RSIs.
Positive divergence (divergence > 0): Bullish momentum.
Negative divergence (divergence < 0): Bearish momentum.
Visualization: The divergence is plotted on the chart, helping traders confirm momentum shifts.
C. Stop Loss
Initial Stop Loss:
When entering a trade, an immediate stop loss of 200 points is applied.
This stop loss ensures the maximum risk is capped at a predefined level.
Implementation:
Long Trades: Stop loss is set below the entry price at low - 200 points.
Short Trades: Stop loss is set above the entry price at high + 200 points.
Purpose:
Prevents significant losses if the price moves against the trade immediately after entry.
D. Trailing Stop
The trailing stop is a dynamic risk management tool that adjusts with price movements to lock in profits. Here’s how it works:
Activation Condition:
The trailing stop only starts trailing when the trade moves 200 ticks (profit) in the right direction:
Long Position: close - entry_price >= 200 ticks.
Short Position: entry_price - close >= 200 ticks.
Trailing Logic:
Once activated, the trailing stop:
For Long Positions: Trails behind the price by 150 ticks (trail_stop = close - 150 ticks).
For Short Positions: Trails above the price by 150 ticks (trail_stop = close + 150 ticks).
Exit Condition:
The trade exits automatically if the price touches the trailing stop level.
Purpose:
Ensures profits are locked in as the trade progresses while still allowing room for price fluctuations.
E. Trade Entry Logic
Long Entry:
Triggered when a bullish big candle is identified.
Stop loss is set at low - 200 points.
Short Entry:
Triggered when a bearish big candle is identified.
Stop loss is set at high + 200 points.
F. Trade Exit Logic
Trailing Stop: Automatically exits the trade if the price touches the trailing stop level.
Fixed Stop Loss: Exits the trade if the price hits the predefined stop loss level.
G. 21 EMA
The strategy includes a 21-period Exponential Moving Average (EMA), which acts as a trend filter.
EMA helps visualize the overall market direction:
Price above EMA: Indicates an uptrend.
Price below EMA: Indicates a downtrend.
H. Visualization
Big Candle Identification:
The open and close prices of big candles are plotted for easy reference.
Trailing Stop:
Plotted on the chart to visualize its progression during the trade.
Green Line: Indicates the trailing stop for long positions.
Red Line: Indicates the trailing stop for short positions.
RSI Divergence:
Positive divergence is shown in green.
Negative divergence is shown in red.
3. Key Parameters
trail_start_ticks: The number of ticks required before the trailing stop activates (default: 200 ticks).
trail_distance_ticks: The distance between the trailing stop and price once the trailing stop starts (default: 150 ticks).
initial_stop_loss_points: The fixed stop loss in points applied at entry (default: 200 points).
tick_size: Automatically calculates the minimum tick size for the trading instrument.
4. Workflow of the Strategy
Step 1: Entry Signal
The strategy identifies a big candle (bullish or bearish).
If conditions are met, a trade is entered with a fixed stop loss.
Step 2: Initial Risk Management
The trade starts with an initial stop loss of 200 points.
Step 3: Trailing Stop Activation
If the trade moves 200 ticks in the profitable direction:
The trailing stop is activated and follows the price at a distance of 150 ticks.
Step 4: Exit the Trade
The trade is exited if:
The price hits the trailing stop.
The price hits the initial stop loss.
5. Advantages of the Strategy
Risk Management:
The fixed stop loss ensures that losses are capped.
The trailing stop locks in profits after the trade becomes profitable.
Momentum-Based Entries:
The strategy uses big candles as entry triggers, which often indicate strong price momentum.
Divergence Confirmation:
RSI divergence helps validate momentum and avoid false signals.
Dynamic Profit Protection:
The trailing stop adjusts dynamically, allowing the trade to capture larger moves while protecting gains.
6. Ideal Market Conditions
This strategy performs best in:
Trending Markets:
Big candles and momentum signals are more effective in capturing directional moves.
High Volatility:
Larger price swings improve the probability of reaching the trailing stop activation level (200 ticks).
Comprehensive Trading Toolkit [BigBeluga]Trading Toolkit is a comprehensive indicator inspired by the trading strategies of the renowned crypto influencer Michaël van de Poppe . This tool combines RSI divergences, correction zones, and advanced support/resistance levels to provide traders with a robust framework for analyzing market movements.
🔵 Key Features:
RSI Divergences on Chart:
Automatically identifies and plots RSI divergences (bullish and bearish) directly on the main price chart.
Green lines indicate bullish divergences, suggesting potential upward reversals.
Red lines indicate bearish divergences, signaling possible downward movements.
Correction Boxes:
Traders typically define a correction as a drop in value of 10% or more. This drop can happen over a few hours or a few days. Also, it can last for less than 24 hours or many months.
This indicator visualizes corrections with blue shaded boxes, triggered by a percentage decline defined in the settings.
The boxes highlight sharp price drops, helping traders identify significant market movements quickly.
Advanced Support and Resistance Levels:
Dynamically detects key support and resistance levels based on price pivots.
When the price is above a level, it plots a green shaded area from the cross point, marking support.
When the price drops below a level, it plots a red shaded area, highlighting resistance.
Dashed lines indicate weaker levels, while solid lines represent stronger, more reliable levels.
🔵 Usage:
Identify Divergences: Use plotted RSI divergences to detect potential market reversals and align them with price action.
Analyze Correction Zones: Utilize correction boxes to evaluate significant price declines and find potential buying opportunities during these corrections.
Leverage Support and Resistance Levels: Confirm breakouts, reversals, or consolidation zones with the color-coded areas.
Enhance Risk Management: Combine divergences and correction zones to set informed stop-loss or take-profit levels.
Trading Toolkit empowers traders with actionable insights into market trends, corrections, and support/resistance dynamics, making it an invaluable tool for crypto and forex markets.
Volume/Price Divergence v2The "Volume/Price Divergence v2" indicator is designed to analyze the relationship between volume and price movements in a financial market. It helps traders identify potential divergences that may indicate a change in market trends. Here’s a breakdown of how it works:
### Key Components
1. **Volume Calculation**:
- **Buying Volume**: This is calculated based on the relationship between the closing price and the high/low range. If the closing price is closer to the low, more volume is attributed to buying.
- **Selling Volume**: Conversely, if the closing price is closer to the high, more volume is considered selling.
The formulas used are:
```pinescript
buyVolume = high == low ? 0 : volume * (close - low) / (high - low)
sellVolume = high == low ? 0 : volume * (high - close) / (high - low)
```
2. **Plotting Volume**:
- The total volume is plotted in red and buying volume is plotted in teal. This helps visualize the volume distribution during different price movements.
3. **Rate of Change (ROC)**:
- The indicator calculates the rate of change for both volume and price over a specified period. This allows traders to see how volume and price are changing relative to each other.
```pinescript
roc = source / source
roc2 = source2 / source2
```
4. **Volume/Price Divergence (VPD)**:
- The VPD is derived from the ratio of the ROC of volume to the ROC of price. This ratio helps identify divergences:
- A VPD significantly above 10 may indicate strong divergence, suggesting that price movements are not supported by volume.
- A VPD around 1 indicates that volume and price are moving in harmony.
5. **Horizontal Lines**:
- The indicator includes horizontal lines at levels 10 (high divergence) and 1 (low divergence), serving as visual cues for traders to assess the market's state.
### Interpretation
- **Divergence**: If price makes a new high but volume does not follow (or vice versa), it may signal a potential reversal or weakness in the trend.
- **Volume Trends**: Analyzing the buying vs. selling volume can provide insights into market sentiment, helping traders make informed decisions.
- **Potential for a Strong Move**: A high VPD during a breakout indicates that while volume is increasing, the price isn’t moving significantly, suggesting that a big price move could be imminent.
- **Caution Before Entry**: Traders should be aware that the lack of price movement relative to high volume may signal an impending volatility spike, which could lead to a rapid price change in either direction.
Overall, this indicator is useful for traders looking to gauge the strength of price movements and identify potential reversals or breakouts based on volume trends.
MTF TMOTMO - (T)rue (M)omentum (O)scillator) MTF (Higher Aggregation) Version
TMO calculates momentum using the DELTA of price. Giving a much better picture of the trend, reversals & divergences than most momentum oscillators using price. Aside from the regular TMO, this study combines four different TMO aggregations into one indicator for an even better picture of the trend. Once you look deeper into this study you will realize how complex this tool is. This version also produce much more information like crosses, divergences, overbought / oversold signals, higher aggregation fades etc. It is probably not even possible to explain them all, there could easily be an entire e-book about this study.
I have been using this tool for a couple of years now, and this is what i have learned so far:
Favorite Time Frame Variations:
1. 1m / 5m / 30m - Great for intraday futures or options scalps. 30m TMO serves as the overall trend gauge for the day. 5min dictates the longer term intraday moves as well as direction of the 1min. 1min is for the scalps. When the 5min TMO is sloping higher focus should be on 1min buy signals (red to green cross) and vice versa for the 5min agg. sloping down.
2. 5m / 30m / 60m - Also an interesting variation for day trading the 3-5 min charts. Producing more cleaner & beginner-friendly signals that lasts couple of minutes instead of seconds.
3. 120m / Day / 2 Day - For the 30m to 1H or 2H timeframes. Daily & 2 Day dictates the overall trend. 120 min for the signals. Great for a multi-day swings.
4. Day / 2 Day / Week - Good for the daily charts, swing trading analysis as the weekly dictates the overall trend, daily dictates the signals and the 2 day cleans out the daily signals. If the daily & 2 day are not aligned togather, daily signal means nothing. Weekly dictates 2 day - 2 day dictates daily.
5. Week / Month / 3 Month - Same thing as the previous variation but for the weekly charts.
TMO Length:
The default vanilla settings are 14,5,3. Some traders prefer 21,5,3 as the TMO length is litle higher = TMO will potenially last little longer which could teoretically produce less false signals but slower crosses which means signals will lag more behind price. The lower the length, the faster the oscillator oscillates. It is the noice vs. the lag debate. The Length can be changed, but i would not personally touch the other two. Few points up or down on length will not drastically change much. But changes on Calc Length and Smooth Length can produce totally different signals from the original.
Tips & Tricks:
1. Observe
- This is the best tip & trick I can give you. The #1 best way to learn how any study operates is to just observe how it works in certain situations from the past. MTF TMO is not
an exception.
2. The Power of the Higher Aggregation
- The higher aggregation ALWAYS dictates the lower one. Best way to see this? Just 2x the current timeframe aggregation = so on daily chart, plot the daily & two day TMOs and you will notice how the higher agg. smooths out the current agg. The higher the aggregation is, the smoother (but slower) will the TMO turn. The real power kicks in when the 3 or 4 aggregations are aligned togather in one direction.
3. Position of the Higher Aggregation in Relation to the Extremes
- Overbought / oversold signals might not really work on the current aggregation. But pay attention to the higher aggregations in relation to the extremes. Ex: on the daily chart - daily TMO inside the OB / OS extremes might not mean much. But once the higher aggregations such as 3 day or Weekly TMO enters OB/OS zone togather with the daily, this can be a very powerful signal for a TMO reversion to the zeroline.
4. Crosses
- Yes, crosses do work. Personally, I never really focused on them. The thing about the crosses is that it is crucial to pick the right higher aggregation to the combination of the current one that would be reliable but also print enough signals. The closer the cross is to the OB / OS extremes, the more bigger move can occur. Crosses around the zero line can be considered as less quality crosses.
5. Divergences
- TMO can print awesome divergences. The best divergences are on the current aggregation (TMO agg. same as the chart) since the current agg. oscillates fast, it can usually produce lower lows & higher highs faster then any higher aggregations. Easy setup: wait for the higher aggregation to reach the OB / OS extremes and watch the current (chart) aggregation to print a divergence.
6. Three is Enough
- I personally find more than three aggregations messy and hard to read. But there is always the option to turn on the 4th one. Just switch the TMO 4 Main, TMO 4 Signal and TMO 4 Fill in the style settings.
Hope it helps.
BTC CME Futures Divergence TrackerThis script tracks divergences between price action and open interest for the BTC CME Futures contract (symbol "BTC1!") using the following components:
Key Features:
1. Price Analysis: Identifies lower highs in the price over a specified lookback period. Marks these points with red upward-facing triangles above the bars.
2. Open Interest Analysis: Retrieves open interest (OI) data for the BTC CME Futures contract via request.security. Detects lower highs in open interest over the same lookback period. Highlights these points with blue downward-facing triangles below the bars.
3. Divergence Detection: A divergence is identified when both price and open interest form lower highs simultaneously. Highlights such occurrences with a purple background, indicating potential bearish sentiment or weakening momentum.
4. Alerts: If divergences are detected, an alert is triggered (if enabled), notifying the trader to take action.
5. Visualization: Open interest is plotted as a blue line in a separate pane for added context. Red and blue markers highlight significant points in price and open interest trends.
Use Cases:
- Spot Weakening Trends: Divergences between price and open interest may indicate a loss of momentum or bearish sentiment, allowing traders to preemptively adjust their strategies.
- Monitor Institutional Activity: Open interest changes reflect shifts in market participation, especially in derivative markets like CME Futures.
- Set Alerts for Key Signals: With automated alerts, traders can stay informed of potential divergence signals without constant monitoring.
Customization Options:
- Lookback Period: Adjust the number of bars used to detect lower highs.
- Timeframe: Choose the timeframe for fetching open interest data (e.g., daily, hourly).
- Alert Activation: Enable or disable alerts for divergences.
This tool combines price action with open interest dynamics to provide a robust method for identifying market trends and potential reversals in BTC CME Futures.
SMI Ergodic Indicator/Oscillator of Money Flow Index▮ Introduction
The Stochastic Momentum Index Ergodic (SMII) indicator is a technical analysis tool designed to predict trend reversals in the price of an asset.
It functions as a momentum oscillator, measuring the ratio of the smoothed price change to the smoothed absolute price change over a given number of previous periods.
The Ergodic SMI is based on the True Strength Index (TSI) and integrates a signal line, which is an exponential moving average (EMA) of the SMI indicator itself.
The Ergodic SMI oscillator provides a clearer picture of market trends than the traditional stochastic oscillator by incorporating the concept of 'ergodicity', which helps remove market noise.
On ther other hand, MFI (Money Flow Index) is a technical analysis indicator used to measure the inflow of money into an asset and thus help identify buying and selling pressure in a given financial instrument.
When these two indicators are combined, they can provide a more comprehensive view of price direction and market strength.
▮ Motivation: why another indicator?
By combining SMII with MFI, we can gain even more insights into the market.
One way to do this is to use the MFI as an input to the SMII, rather than just using price.
This means we are measuring momentum based on buying and selling pressure rather than just price.
Furthermore, there is the possibility of making several fine adjustments to both the calculation and visualization parameters that are not present in other indicators.
▮ What to look for
When using the SMII MFI indicator, there are a few things to look out for.
First, look at the SMII signal line.
When the line crosses above -40, it is considered a buy signal, while the crossing below +40 is considered a sell signal.
Also, pay attention to divergences between the SMII and the price.
If price is rising but the SMII is showing negative divergence, it could indicate that momentum is waning and a reversal could be in the offing.
Likewise, if price is falling but the SMII is showing positive divergence, this could indicate that momentum is building and a reversal could also be in the offing.
Divergences can be considered in both indicator and/or histogram.
Examples:
▮ Notes
The indicator presented here offers both the 'SMII' and the 'SMIO', that is, the 'Stochastic Momentum Index Ergodic Indicator' together with the 'Stochastic Momentum Index Ergodic Oscillator' (histogram), as per the documentation described in reference links.
So it is important to highlight the differences in relation to my other indicator, the 'Stochastic Momentum Index (SMI) of Money Flow Index (MFI)':
This last one is purely based on the SMI , which is implemented using SMA smoothing for the relative range and the high/low range.
Although they may seem the same in some situations, the calculation is actually different. The TSI tends to be more responsive at the expense of being noisier, while the SMI tends to be smoother. Which of these two indicators is best depends on the situation, the context, and the analyst's personal preference.
Please refer to reference links to more info.
▮ References
SMI documentation
SMII documentation
SMIO documentation
MFI documentation
VWAP DivergenceThe "VWAP Divergence" indicator leverages the VWAP Rolling indicator available in TradingView's library to analyze price and volume dynamics. This custom indicator calculates a rolling VWAP (Volume Weighted Average Price) and compares it with a Simple Moving Average (SMA) over a specified historical period.
Advantages:
1. Accurate VWAP Calculation: The VWAP Rolling indicator computes a VWAP that dynamically adjusts based on recent price and volume data. VWAP is a vital metric used by traders to understand the average price at which a security has traded, factoring in volume.
2. SMA Comparison: By contrasting the rolling VWAP from the VWAP Rolling indicator with an SMA of the same length, the indicator highlights potential divergences. This comparison can reveal shifts in market sentiment.
3. Divergence Identification: The primary purpose of this indicator is to detect divergences between the rolling VWAP from VWAP Rolling and the SMA. Divergence occurs when the rolling VWAP significantly differs from the SMA, indicating potential changes in market dynamics.
Interpretation:
1. Positive Oscillator Values: A positive oscillator (difference between rolling VWAP and SMA) suggests that the rolling VWAP, derived from the VWAP Rolling indicator, is above the SMA. This could indicate strong buying interest or accumulation.
2. Negative Oscillator Values: Conversely, a negative oscillator value indicates that the rolling VWAP is below the SMA. This might signal selling pressure or distribution.
3. Divergence Signals: Significant divergences between the rolling VWAP (from VWAP Rolling) and SMA can indicate shifts in market sentiment. For instance, a rising rolling VWAP diverging upwards from the SMA might suggest increasing bullish sentiment.
4. Confirmation with Price Movements: Traders often use these divergences alongside price action to confirm potential trend reversals or continuations.
Implementation:
1. Length Parameter: Adjust the Length input to modify the lookback period for computing both the rolling VWAP from VWAP Rolling and the SMA. A longer period provides a broader view of market sentiment, while a shorter period is more sensitive to recent price movements.
2. Visualization: The indicator plots the VWAP SMA Oscillator, which visually represents the difference (oscillator) between the rolling VWAP (from VWAP Rolling) and SMA over time.
3. Zero Line: The zero line (gray line) serves as a reference point. Oscillator values crossing above or below this line can be interpreted as bullish or bearish signals, respectively.
4. Contextual Analysis: Interpret signals from this indicator in conjunction with broader market conditions and other technical indicators to make informed trading decisions.
This indicator, utilizing the VWAP Rolling component, is valuable for traders seeking insights into the relationship between volume-weighted price levels and traditional moving averages, aiding in the identification of potential trading opportunities based on market dynamics.
Dynamic VWAP: Fair Value & Divergence SuiteDynamic VWAP: Fair Value & Divergence Suite
Dynamic VWAP: Fair Value & Divergence Suite is a comprehensive tool for tracking contextual valuation, overextension, and potential reversal signals in trending markets. Unlike traditional VWAP that anchors to the start of a session or a fixed period, this indicator dynamically resets the VWAP anchor to the most recent swing low. This design allows you to monitor how far price has extended from the most recent significant low, helping identify zones of potential profit-taking or reversion.
Deviation bands (standard deviations above the anchored VWAP) provide a clear visual framework to assess whether price is in a fair value zone (±1σ), moderately extended (+2σ), or in zones of extreme extension (+3σ to +5σ). The indicator also highlights contextual divergence signals, including slope deceleration, weak-volume retests, and deviation failures—giving you actionable confluence around potential reversal points.
Because the anchor updates dynamically, this tool is particularly well suited for trend-following assets like BTC or stocks in sustained moves, where price rarely returns to deep negative deviation zones. For this reason, the indicator focuses on upside extension rather than symmetrical reversion to a long-term mean.
🎯 Key Features
✅ Dynamic Swing Low Anchoring
Continuously re-anchors VWAP to the most recent swing low based on your chosen lookback period.
Provides context for trend progression and overextension relative to structural lows.
✅ Standard Deviation Bands
Plots up to +5σ deviation bands to visualize levels of overextension.
Extended bands (+3σ to +5σ) can be toggled for simplicity.
✅ Conditional Zone Fills
Colored background fills show when price is inside each valuation zone.
Helps you immediately see if price is in fair value, moderately extended, or highly stretched territory.
✅ Divergence Detection
VWAP Slope Divergence: Flags when price makes a higher high but VWAP slope decelerates.
Low Volume Retest: Highlights weak re-tests of VWAP on low volume.
Deviation Failure: Identifies when price reverts back inside +1σ after closing beyond +3σ.
✅ Volume Fallback
If volume is unavailable, uses high-low range as a proxy.
✅ Highly Customizable
Adjust lookbacks, show/hide extended bands, toggle fills, and enable or disable divergences.
🛠️ How to Use
Identify Buy and Sell Zones
Price in the fair value band (±1σ) suggests equilibrium.
Reaching +2σ to +3σ signals increasing overextension and potential areas to take profits.
+4σ to +5σ zones can be used to watch for exhaustion or mean-reversion setups.
Monitor Divergence Signals
Use slope divergence and deviation failures to look for confluence with overextension.
Low volume retests can flag rallies lacking conviction.
Adapt Swing Lookback
30–50 bars: Faster re-anchoring for swing trading.
75–100 bars: More stable anchors for longer-term trends.
🧭 Best Practices
Combine the anchored VWAP with higher timeframe structure.
Confirm signals with other tools (momentum, volume profiles, or trend filters).
Use extended deviation zones as context, not as standalone signals.
⚠️ Disclaimer
This script is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any security or asset. Always do your own research and consult a qualified financial professional before making any trading decisions. Past performance does not guarantee future results.
TradeQUO Herrick Payoff RSIHerrick Payoff Index RSI (HPI-RSI) with Signal Line
An advanced oscillator that measures market strength not just by price, but by "smart money flow."
This indicator is not a typical RSI. Instead of applying the Relative Strength Index to price alone, it calculates it on the cumulative Herrick Payoff Index (HPI) . This creates a unique oscillator that reflects the underlying sentiment and capital flow in the market.
What is the Herrick Payoff Index (HPI)?
The HPI is a classic sentiment indicator that combines three crucial elements to determine if money is flowing into or out of an asset:
Price Change: The direction and momentum of the market.
Trading Volume: The conviction behind the price movement.
Open Interest (OI): The total number of open contracts (mainly in futures), which indicates if new capital is entering the market.
By combining these factors, the HPI provides a more comprehensive picture of market strength than indicators based solely on price.
How This Indicator Works
The script follows a logical, multi-step process:
It calculates the raw Herrick Payoff Index for each bar.
It creates a cumulative sum of this index to generate a continuous money flow value.
This cumulative value is smoothed with a short-period EMA to reduce noise.
The RSI is then applied to this smoothed HPI value.
An additional, configurable signal line (moving average) is added to facilitate trading signals.
Interpretation and Application
You can use this indicator much like a standard RSI, but with the added context of money flow:
Overbought/Oversold: Values above 70 suggest an overbought condition, while values below 30 signal an oversold condition.
Signal Line Crossovers: A cross of the HPI-RSI line above the signal line can be seen as a bullish signal. A cross below can be seen as a bearish signal.
Divergences: Look for divergences between the indicator and the price. A bullish divergence (price makes a lower low, indicator makes a higher low) can indicate an upcoming move to the upside. A bearish divergence (price makes a higher high, indicator makes a lower high) can signal a potential move to the downside.
Settings
The indicator has been deliberately kept simple:
HPI Smoothing Length: Smoothing length (1-5) for the cumulative HPI.
RSI Length: The lookback period for the RSI calculation.
Signal Line Settings: Here you can enable/disable the signal line and customize its type and length.
Display Settings: Adjust the colors of the RSI and signal lines to your preference.
This indicator is a tool for analysis and should always be used in combination with other methods and a solid risk management strategy. Happy trading!
Awesome Oscillator (AO) with Signals [AIBitcoinTrend]👽 Multi-Scale Awesome Oscillator (AO) with Signals (AIBitcoinTrend)
The Multi-Scale Awesome Oscillator transforms the traditional Awesome Oscillator (AO) by integrating multi-scale wavelet filtering, enhancing its ability to detect momentum shifts while maintaining responsiveness across different market conditions.
Unlike conventional AO calculations, this advanced version refines trend structures using high-frequency, medium-frequency, and low-frequency wavelet components, providing traders with superior clarity and adaptability.
Additionally, it features real-time divergence detection and an ATR-based dynamic trailing stop, making it a powerful tool for momentum analysis, reversals, and breakout strategies.
👽 What Makes the Multi-Scale AO – Wavelet-Enhanced Momentum Unique?
Unlike traditional AO indicators, this enhanced version leverages wavelet-based decomposition and volatility-adjusted normalization, ensuring improved signal consistency across various timeframes and assets.
✅ Wavelet Smoothing – Multi-Scale Extraction – Captures short-term fluctuations while preserving broader trend structures.
✅ Frequency-Based Detail Weights – Separates high, medium, and low-frequency components to reduce noise and improve trend clarity.
✅ Real-Time Divergence Detection – Identifies bullish and bearish divergences for early trend reversals.
✅ Crossovers & ATR-Based Trailing Stops – Implements intelligent trade management with adaptive stop-loss levels.
👽 The Math Behind the Indicator
👾 Wavelet-Based AO Smoothing
The indicator applies multi-scale wavelet decomposition to extract high-frequency, medium-frequency, and low-frequency trend components, ensuring an optimal balance between reactivity and smoothness.
sma1 = ta.sma(signal, waveletPeriod1)
sma2 = ta.sma(signal, waveletPeriod2)
sma3 = ta.sma(signal, waveletPeriod3)
detail1 = signal - sma1 // High-frequency detail
detail2 = sma1 - sma2 // Intermediate detail
detail3 = sma2 - sma3 // Low-frequency detail
advancedAO = weightDetail1 * detail1 + weightDetail2 * detail2 + weightDetail3 * detail3
Why It Works:
Short-Term Smoothing: Captures rapid fluctuations while minimizing noise.
Medium-Term Smoothing: Balances short-term and long-term trends.
Long-Term Smoothing: Enhances trend stability and reduces false signals.
👾 Z-Score Normalization
To ensure consistency across different markets, the Awesome Oscillator is normalized using a Z-score transformation, making overbought and oversold levels stable across all assets.
normFactor = ta.stdev(advancedAO, normPeriod)
normalizedAO = advancedAO / nz(normFactor, 1)
Why It Works:
Standardizes AO values for comparison across assets.
Enhances signal reliability, preventing misleading spikes.
👽 How Traders Can Use This Indicator
👾 Divergence Trading Strategy
Bullish Divergence
Price makes a lower low, while AO forms a higher low.
A buy signal is confirmed when AO starts rising.
Bearish Divergence
Price makes a higher high, while AO forms a lower high.
A sell signal is confirmed when AO starts declining.
👾 Buy & Sell Signals with Trailing Stop
Bullish Setup:
✅AO crosses above the bullish trigger level → Buy Signal.
✅Trailing stop placed at Low - (ATR × Multiplier).
✅Exit if price crosses below the stop.
Bearish Setup:
✅AO crosses below the bearish trigger level → Sell Signal.
✅Trailing stop placed at High + (ATR × Multiplier).
✅Exit if price crosses above the stop.
👽 Why It’s Useful for Traders
Wavelet-Enhanced Filtering – Retains essential trend details while eliminating excessive noise.
Multi-Scale Momentum Analysis – Separates different trend frequencies for enhanced clarity.
Real-Time Divergence Alerts – Identifies early reversal signals for better entries and exits.
ATR-Based Risk Management – Ensures stops dynamically adapt to market conditions.
Works Across Markets & Timeframes – Suitable for stocks, forex, crypto, and futures trading.
👽 Indicator Settings
AO Short Period – Defines the short-term moving average for AO calculation.
AO Long Period – Defines the long-term moving average for AO smoothing.
Wavelet Smoothing – Adjusts multi-scale decomposition for different market conditions.
Divergence Detection – Enables or disables real-time divergence analysis. Normalization Period – Sets the lookback period for standard deviation-based AO normalization.
Cross Signals Sensitivity – Controls crossover signal strength for buy/sell signals.
ATR Trailing Stop Multiplier – Adjusts the sensitivity of the trailing stop.
Disclaimer: This indicator is designed for educational purposes and does not constitute financial advice. Please consult a qualified financial advisor before making investment decisions.
Advanced Divergence OscillatorIntroduction to ADO
The Advanced Divergence Oscillator (ADO) is a modern tool crafted for traders in various markets like stocks, forex, or cryptocurrencies. Imagine it as a smart gadget that helps you understand the ebb and flow of market prices. Unlike standard tools, ADO provides a more nuanced view, enabling you to grasp subtle changes in market trends.
Functionality of ADO
ADO operates by observing and comparing market price movements over different timeframes. Picture a racetrack where cars are moving at various speeds. Some are racing ahead, while others are gradually picking up pace. ADO keeps track of these varying 'speeds' in market prices.
By analyzing these movements, ADO generates a smooth, flowing line – the oscillator. This line moves in a wave-like pattern, offering hints about the market's momentum and possible future trends. When the line moves up, it suggests increasing prices, and when it moves down, it hints at falling prices.
How to Use ADO
Setup: You can easily integrate ADO into your trading platform, adjusting settings like length and color to suit your preference.
Reading the Oscillator: Watch for the oscillator's movement. Rising and falling patterns can indicate potential buying or selling opportunities.
Identifying Divergences: ADO excels in spotting divergences – situations where market prices and the oscillator don't align. For instance, if prices are climbing but the oscillator is falling, it might signal a potential price drop ahead.
Brief History of the Ultimate Oscillator
The concept of oscillators in trading isn’t new. The Ultimate Oscillator, developed by Larry Williams in the 1970s, is a foundational tool in this field. Williams' innovation was to combine short, intermediate, and long-term market trends into a single oscillator. This approach offered a more comprehensive market view, helping traders make informed decisions.
The ADO is a step further in this evolution. It takes the core principles of the Ultimate Oscillator and enhances them with proper smoothing and divergence detection methods. This evolution represents the continuous effort in the trading community to refine tools for better market analysis and decision-making.
BK AK-47 Divergence🚨 Introducing BK AK-47 Divergence — Multi-Timeframe Precision Firepower for True Traders 🚨
After months of development, I’m proud to release my fifth weapon in the arsenal — BK AK-47 Divergence.
💥 Why “AK-47”? The Meaning Behind the Name
The AK-47 isn’t just a rifle. It’s the symbol of reliability, versatility, and raw stopping power. It performs in every environment — from the mud to the mountains — just like this indicator cuts through noise on any timeframe, any asset, any condition.
🔸 “AK” honors the same legacy as before — my mentor, A.K., whose discipline and vision forged my trading edge.
🔸 “47” signifies layered precision: 4 = structure, 7 = spiritual completion. Together, it’s the weapon of divine order that adapts, reacts, and strikes with purpose.
🔍 What Is BK AK-47 Divergence?
It’s a next-generation divergence detector — a smart hybrid of MACD, Bollinger Bands, and multi-timeframe divergence logic wrapped in a custom volatility engine and real-time flash alerts.
Designed for snipers in the market — those who only take the highest-probability shots.
⚙️ Core Weapon Systems
✅ MACD + BB Precision Overlay → MACD plotted inside dynamic Bollinger Bands — reveals hidden pressure zones where most indicators fail.
✅ Smart Histogram Scaling → Adaptive amplification based on volatility. No more weak histograms in strong markets.
✅ Full Multi-Timeframe Divergence Detection:
🔻 Current TF Divergence
🕐 Higher TF Divergence
⏱️ Lower TF Divergence
Each plotted with clean visual alerts, color-coded by direction and timeframe. You get instant divergence recognition across dimensions.
✅ Background Flash Alerts → When MACD hits BB extremes, the background lights up in red or green. Eyes instantly lock in on key moments.
✅ Advanced Pivot Lookback Control → New lookback system compares multiple pivot layers, not just the last swing. This gives true structural divergence, not just noise.
✅ Dynamic Fill Zones:
🔴 Oversold
🟢 Overbought
🔵 Neutral
Built to filter false signals and highlight hidden edge.
🛡️ Why This Indicator Changes the Game
🔹 Built for divergence snipers — not lagging MACD watchers.
🔹 Perfect for traders who sync with:
• Elliott Waves
• Fibonacci Time/Price Clusters
• Harmonic Patterns
• Gann Angles or Squares
• Price Action & Trendlines
🔹 Lets you visually map:
• Converging divergences (multi-TF confirmation)
• High-volatility histograms in low-volatility price zones (entry sweet spots)
• Flash-momentum warnings at BB pressure zones
🎯 How to Use BK AK-47 Divergence
🔹 Breakout Confirmation → MACD breaches upper BB with bullish divergence = signal to ride momentum.
🔹 Mean Reversion Reversals → MACD breaks lower BB + bullish div = setup for sniper long.
🔹 Top/Bottom Detection → Bearish divergence + MACD failure at upper BB = early reversal signal.
🔹 TF Sync Strategy → Align current TF with higher or lower divergences for laser-confirmed entries.
🧠 Final Thoughts
This isn’t just a divergence tool. It’s a battlefield reconnaissance system — one that lets you see when, where, and why the next pivot is forming.
🔹 Built in honor of the AK-legacy — reliability, discipline, and firepower.
🔹 Designed to cut through noise, expose structure, and alert you to what really matters.
🔹 Crafted for those who trade with intent, vision, and respect for the craft.
🙏 And most importantly: All glory to Gd — the One who gives wisdom, clarity, and purpose.
Without Him, the markets are chaos. With Him, we move in structure, order, and divine timing.
—
⚡ Stay dangerous. Stay precise. Stay aligned.
🔥 BK AK-47 Divergence — Locked. Loaded. Laser-focused. 🔥
May the markets bend to your discipline.
Gd bless. 🙏
Price Volume Trend [sgbpulse]1. Introduction: What is Price Volume Trend (PVT)?
The Price Volume Trend (PVT) indicator is a powerful technical analysis tool designed to measure buying and selling pressure in the market based on price changes relative to trading volume. Unlike other indicators that focus solely on volume or price, PVT combines both components to provide a more comprehensive picture of trend strength.
How is it Calculated?
The PVT is calculated by adding or subtracting a proportional part of the daily volume from a cumulative total.
When the closing price rises, a proportional part of the daily volume (based on the percentage price change) is added to the previous PVT value.
When the closing price falls, a proportional part of the daily volume is subtracted from the previous PVT value.
If there is no change in price, the PVT value remains unchanged.
The result of this calculation is a cumulative line that rises when buying pressure is strong and falls when selling pressure dominates.
2. Why PVT? Comparison to Similar Indicators
While other indicators measure volume-price pressure, PVT offers a unique advantage:
PVT vs. On-Balance Volume (OBV):
OBV simply adds or subtracts the entire day's volume based on the closing direction (up/down), regardless of the magnitude of the price change. This means a 0.1% price change is treated the same as a 10% change.
PVT, on the other hand, gives proportional weight to volume based on the percentage price change. A trading day with a large price increase and high volume will impact the PVT significantly more than a small price increase with the same volume. This makes PVT more sensitive to trend strength and changes within it.
PVT vs. Accumulation/Distribution Line (A/D Line):
The A/D Line focuses on the relationship between the closing price and the bar's trading range (Close Location Value) and multiplies it by volume. It indicates whether the pressure is buying or selling within a single bar.
PVT focuses on the change between closing prices of consecutive bars, multiplying this by volume. It better reflects the flow of money into or out of an asset over time.
By combining volume with percentage price change, PVT provides deeper insights into trend confirmation, identifying divergences between price and volume, and spotting signs of weakness or strength in the current trend.
3. Indicator Settings (Inputs)
The "Price Volume Trend " indicator offers great flexibility for customization to your specific needs through the following settings:
Moving Average Type: Allows you to select the type of moving average used for the central line on the PVT. Your choice here will affect the line's responsiveness to PVT movements.
- "None" : No moving average will be displayed on the PVT.
- "SMA" (Simple Moving Average): A simple average, smoother, ideal for identifying longer-term trends in PVT.
- "SMA + Bollinger Bands": This unique option not only displays a Simple Moving Average but also activates the Bollinger Bands around the PVT. This is the recommended option for analyzing volatility and ranges using Bollinger Bands.
- "EMA" (Exponential Moving Average): An exponential average, giving more weight to recent data, responding faster to changes in PVT.
- "SMMA (RMA)" (Smoothed Moving Average): A smoothed average, providing extra smoothing, less sensitive to noise.
- "WMA" (Weighted Moving Average): A weighted average, giving progressively more weight to recent data, responding very quickly to changes in PVT.
Moving Average Length: Defines the number of bars used to calculate the moving average (and, if applicable, the standard deviation for the Bollinger Bands). A lower value will make the line more responsive, while a higher value will smooth it out.
PVT BB StdDev (Bollinger Bands Standard Deviation): Determines the width of the Bollinger Bands. A higher value will result in wider bands, making it less likely for the PVT to cross them. The standard value is 2.0.
4. Visual Aid: Current PVT Level Line
This indicator includes a unique and highly useful visual feature: a dynamic horizontal line displayed on the PVT graph.
Purpose: This line marks the exact level of the PVT on the most recent trading bar. It extends across the entire chart, allowing for a quick and intuitive comparison of the current level to past levels.
Why is it Important?
- Identifying Divergences: Often, an asset's price may be lower or higher than past levels, but the PVT level might be different. This auxiliary line makes it easy to spot situations where PVT is at a higher level when the price is lower, or vice-versa, which can signal potential trend changes (e.g., higher PVT than in the past while price is low could indicate strong accumulation).
- Quick Direction Indication: The line's color changes dynamically: it will be green if the PVT value on the last bar has increased (or remained the same) relative to the previous bar (indicating positive buying pressure), and red if the PVT value has decreased relative to the previous bar (indicating selling pressure). This provides an immediate visual cue about the direction of the cumulative momentum.
5. Important Note: Trading Risk
This indicator is intended for educational and informational purposes only and does not constitute investment advice or a recommendation for trading in any form whatsoever.
Trading in financial markets involves significant risk of capital loss. It is important to remember that past performance is not indicative of future results. All trading decisions are your sole responsibility. Never trade with money you cannot afford to lose.
