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Gold Option Signals with EMA and RSIIndicators: Exponential Moving Averages (EMAs): Faster to respond to recent price changes compared to simple moving averages. RSI: Measures the magnitude of recent price changes to evaluate overbought or oversold conditions. Signal Generation: Buy Call Signal: Generated when the short EMA crosses above the long EMA and the RSI is not overbought (below 70). Buy Put Signal: Generated when the short EMA crosses below the long EMA and the RSI is not oversold (above 30). Plotting: EMAs: Plotted on the chart to visualize trend directions. Signals: Plotted as shapes on the chart where conditions are met. RSI Background Color: Changes to red for overbought and green for oversold conditions. Steps to Use: Add the Script to TradingView: Open TradingView, go to the Pine Script editor, paste the script, save it, and add it to your chart. Interpret the Signals: Buy Call Signal: Look for green labels below the price bars. Buy Put Signal: Look for red labels above the price bars. Customize Parameters: Adjust the input parameters (e.g., lengths of EMAs, RSI levels) to better fit your trading strategy and market conditions. Testing and Validation To ensure that the script works as expected, you can test it on historical data and validate the signals against known price movements. Adjust the parameters if necessary to improve the accuracy of the signals.
Penunjuk Pine Script®
oleh LunaDogeSaving
1
Golden Cross VWMA & EMA 4h PinescriptlabsThis strategy combines the 50-period Volume-Weighted Moving Average (VWMA) on the current timeframe with a 200-period Simple Moving Average (SMA) on the 4-hour timeframe. This combination of indicators with different characteristics and time horizons aims to identify strong and sustained trends across multiple timeframes. The VWMA is a variant of the moving average that assigns greater weight to periods of higher volatility, helping to avoid misleading signals. On the other hand, the 4-hour SMA is used as an additional trend filter in a shorter-term horizon. By combining these two indicators, the strategy can leverage the strength of the VWMA to capture the main trend, but only when confirmed by the SMA in the lower timeframe. Buy signals are generated when the VWMA crosses above the 4-hour SMA, indicating a potential bullish trend aligned in both timeframes. Sell signals occur on a bearish cross, suggesting a possible reversal of the main trend. The default parameters are a 50-period VWMA and a 200-period 4-hour SMA. It is recommended to adjust these lengths according to the traded instrument and the desired timeframe. It is also crucial to use stop losses and profit targets to properly manage risk. By combining indicators of different types and timeframes, this strategy aims to provide a more comprehensive view of trend strength. Español: Esta estrategia combina la Volume-Weighted Moving Average (VWMA) de 50 períodos en el timeframe actual con una Simple Moving Average (SMA) de 200 períodos en el timeframe de 4 horas. Esta combinación de indicadores de distinta naturaleza y horizontes temporales busca identificar tendencias fuertes y sostenidas en múltiples timeframes. La VWMA es una variante de la media móvil que asigna mayor ponderación a los períodos de mayor volatilidad, lo que ayuda a evitar señales engañosas. Por otro lado, la SMA de 4 horas se utiliza como un filtro adicional de tendencia en un horizonte de corto plazo. Al combinar estos dos indicadores, la estrategia puede aprovechar la fortaleza de la VWMA para capturar la tendencia principal, pero sólo cuando es confirmada por la SMA en el timeframe menor. Las señales de compra se generan cuando la VWMA cruza al alza la SMA de 4 horas, indicando una potencial tendencia alcista alineada en ambos horizontes temporales. Las señales de venta ocurren en el cruce bajista, sugiriendo una posible reversión de la tendencia principal. Los parámetros predeterminados son: VWMA de 50 períodos y SMA de 4 horas de 200 períodos. Se recomienda ajustar estas longitudes según el instrumento operado y el horizonte temporal deseado. También es crucial utilizar stops y objetivos de ganancias para controlar adecuadamente el riesgo. Al combinar indicadores de diferentes tipos y timeframes, esta estrategia busca brindar una visión más completa de la fuerza de la tendencia.
Strategi Pine Script®
oleh PINE_LABS
Golden Swing StrategyBuying Conditions RSI should be 50 or above Stochastic %K should be above %D Day Low Should be below SuperTrend SuperTrend should remain green before & EOD SuperTrend should be below Mid Bollinger Buy next day at open or within 0.5xATR(previous day) of SuperTrend with 1.1ATR SL & 2.2 ATR target Selling Conditions RSI should be 50 or below. Stochastic %K should be below %D Day high Should be above SuperTrend SuperTrend should remain Red before & EOD SuperTrend should be above Mid Bollinger Sell next day at open or within 0.5xATR (previous day) of SuperTrend with 1.1xATR SL & 2.2x ATR target
Penunjuk Pine Script®
oleh in_pursuit
Golden Cross Optimised For Reversal (by Coinrule)A moving average crossing is a common and widely adopted trading strategy. A short-term MA crossing above a long-term one provides the buy-signal. The opposite generates a sell-signal for the strategy. Although very popular, this strategy has some limitations that lead to frequent "false signals" and only a few very profitable trades. If the strategy provides two many trades, that generates the risk for more potential losses more transaction fees paid capital allocated to the strategy, thus the impossibility of catching other potential opportunities. Applying an additional filter to the strategy, consisting of the crossing happening below a longer-term moving average, allows increasing the chances of catching the first crossing signaling a reversal. The indicator is set to work with three moving averages. Buy signal: The MA(9) to cross above the MA(50), which must be below the MA(100) Sell Signal: The MA(9) to cross below the MA(50) This indicator works significantly better on lower time frames, where it can reduce the noise of getting too many non-profitable signals from a conventional crossing strategy. The indicator has been backtested mostly on cryptocurrencies.
Strategi Pine Script®
oleh Coinrule
Golden Ratio MultiplierThe moving averages 350 and 111 by themselves do a great job of identifying market tops/bottoms. The fraction 350/111 is very close to Pi as well (3.15) so that's is suspicious in its own right. Nonetheless, fibonacci retracements/multiplies of the 350 SMA does a remarkable job of finding reversal points. I commented out a couple of multiplies for simplicity's sake (the lines became rather crowded). However, the script is open source so you all can copy it into Pine Editor and delete the "//" and add it back to the script. Cheers.
Penunjuk Pine Script®
oleh Riester
Economic Seasons [Daveatt]Ever wondered what season your economy is in? Just like Mother Nature has her four seasons, the economy cycles through its own seasons! This indicator helps you visualize where we are in the economic cycle by tracking two key metrics: 📊 What We're Tracking: 1. Interest Rates (USIRYY) - The yearly change in interest rates 2. Inflation Rate (USINTR) - The rate at which prices are rising The magic happens when we normalize these values (fancy math that makes the numbers play nice together) and compare them to their recent averages. We use a lookback period to calculate the standard deviation and determine if we're seeing higher or lower than normal readings. 🔄 The Four Economic Seasons & Investment Strategy: 1. 🌸 Goldilocks (↑Growth, ↓Inflation) "Not too hot, not too cold" - The economy is growing steadily without overheating. BEST TIME TO: Buy growth stocks, technology, consumer discretionary WHY: Companies can grow earnings in this ideal environment of low rates and stable prices 2. 🌞 Reflation (↑Growth, ↑Inflation) "Party time... but watch your wallet!" - The economy is heating up. BEST TIME TO: Buy commodities, banking stocks, real estate WHY: These sectors thrive when inflation rises alongside growth 3. 🌡️ Inflation (↓Growth, ↑Inflation) "Ouch, my purchasing power!" - Growth slows while prices keep rising. BEST TIME TO: Rotate into value stocks, consumer staples, healthcare WHY: These defensive sectors maintain pricing power during inflationary periods 4. ❄️ Deflation (↓Growth, ↓Inflation) "Winter is here" - Both growth and inflation are falling. BEST TIME TO: Focus on quality bonds, cash positions, and dividend aristocrats WHY: Capital preservation becomes key; high-quality fixed income provides safety 🎯 Strategic Trading Points: - BUY AGGRESSIVELY: During late Deflation/early Goldilocks (the spring thaw) - HOLD & ACCUMULATE: Throughout Goldilocks and early Reflation - START TAKING PROFITS: During late Reflation/early Inflation - DEFENSIVE POSITIONING: Throughout Inflation and Deflation ⚠️ Warning Signs to Watch: - Goldilocks → Reflation: Time to reduce growth stock exposure - Reflation → Inflation: Begin rotating into defensive sectors - Inflation → Deflation: Quality becomes crucial - Deflation → Goldilocks: Start building new positions The blue dot shows you where we are right now in this cycle. The red arrows in the middle remind us that this is a continuous cycle - one season flows into the next, just like in nature! 💡 Pro Tip: The transitions between seasons often provide the best opportunities - but also the highest risks. Use additional indicators and fundamental analysis to confirm these shifts. Remember: Just like you wouldn't wear a winter coat in summer, you shouldn't use a Goldilocks strategy during Inflation! Time your trades with the seasons. 🎯 Happy Trading! 📈
Penunjuk Pine Script®
oleh Daveatt
SuperTrade ST1 StrategyOverview The SuperTrade ST1 Strategy is a long-only trend-following strategy that combines a Supertrend indicator with a 200-period EMA filter to isolate high-probability bullish trade setups. It is designed to operate in trending markets, using volatility-based exits with a strict 1:4 Risk-to-Reward (R:R) ratio, meaning that each trade targets a profit 4× the size of its predefined risk. This strategy is ideal for traders looking to align with medium- to long-term trends, while maintaining disciplined risk control and minimal trade frequency. How It Works This strategy leverages three key components: Supertrend Indicator A trend-following indicator based on Average True Range (ATR). Identifies bullish/bearish trend direction by plotting a trailing stop line that moves with price volatility. 200-period Exponential Moving Average (EMA) Filter Trades are only taken when the price is above the EMA, ensuring participation only during confirmed uptrends. Helps filter out counter-trend entries during market pullbacks or ranges. ATR-Based Stop Loss and Take Profit Each trade uses the ATR to calculate volatility-adjusted exit levels. Stop Loss: 1× ATR below entry. Take Profit: 4× ATR above entry (1:4 R:R). This asymmetry ensures that even with a lower win rate, the strategy can remain profitable. Entry Conditions A long trade is triggered when: Supertrend flips from bearish to bullish (trend reversal). Price closes above the Supertrend line. Price is above the 200 EMA (bullish market bias). Exit Logic Once a long position is entered: Stop loss is set 1 ATR below entry. Take profit is set 4 ATR above entry. The strategy automatically exits the position on either target. Backtest Settings This strategy is configured for realistic backtesting, including: $10,000 account size 2% equity risk per trade 0.1% commission 1 tick slippage These settings aim to simulate real-world conditions and avoid overly optimistic results. How to Use Apply the script to any timeframe, though higher timeframes (1H, 4H, Daily) often yield more reliable signals. Works best in clearly trending markets (especially in crypto, stocks, indices). Can be paired with alerts for live trading or analysis. Important Notes This version is long-only by design. No short positions are executed. Ideal for swing traders or position traders seeking asymmetric returns. Users can modify the ATR period, Supertrend factor, or EMA filter length based on asset behavior.
Strategi Pine Script®
oleh SupertradeOfficial
Enhanced Economic Composite with Dynamic WeightEnhanced Economic Composite with Dynamic Weight Overview of the Indicator : The "Enhanced Economic Composite with Dynamic Weight" is a comprehensive tool that combines multiple economic indicators, technical signals, and dynamic weighting to provide insights into market and economic health. It adjusts based on current volatility and recession risk, offering a detailed view of market conditions. What This Indicator Does : Tracks Economic Health: Uses key economic and market indicators to assess overall market conditions. Dynamic Weighting: Adjusts the importance of components like stock indices, gold, and bonds based on volatility (VIX) and yield curve inversion. Technical Signals: Identifies market momentum shifts through key crossovers like the Golden Cross, Death Cross, Silver Cross, and Hospice Cross. Recession Shading: Marks known recessions for historical context. Economic Factors Considered : TIP (Treasury Inflation-Protected Securities): Reflects inflation expectations. Gold: A safe-haven asset, increases in weight during volatility or rising momentum. US Dollar Index (DXY): Measures USD strength, fixed weight of 10%, smoothed with EMA. Commodities (DBC): Indicates global demand; weight increases with momentum or volatility. Volatility Index (VIX): Reflects market risk, inversely related to market confidence. Stock Indices (S&P 500, DJIA, NASDAQ, Russell 2000): Represent market performance, with weights reduced during high volatility or negative yield spread. Yield Spread (10Y - 2Y Treasuries): Predicts recessions; negative spread reduces stock weighting. Credit Spread (HYG - TLT): Indicates market risk through corporate vs. government bond yields. How and Why Factors are Weighted: Stock Indices get more weight in stable markets (low VIX, positive yield spread), while safe-haven assets like gold and bonds gain weight in volatile markets or during yield curve inversions. This dynamic adjustment ensures the composite reflects current market sentiment. Technical Signals: Golden Cross: 50 EMA crossing above 200 SMA, signaling bullish momentum. Death Cross: 50 EMA below 200 SMA, indicating bearish momentum. Silver Cross: 21 EMA crossing above 50 EMA, plotted only if below the 200-day SMA, signaling potential upside in downtrend conditions. Hospice Cross: 50 EMA crosses below 21 EMA, plotted only if 21 EMA is below 200 SMA, a leading bearish signal. Recession Shading: Recession periods like the Great Recession, Early 2000s Recession, and COVID-19 Recession are shaded to provide historical context. Benefits of Using This Indicator: Comprehensive Analysis: Combines economic fundamentals and technical analysis for a full market view. Dynamic Risk Adjustment: Weights shift between growth and safe-haven assets based on volatility and recession risk. Early Signals: The Silver Cross and Hospice Cross provide early warnings of potential market shifts. Recession Forecasting: Helps predict downturns through the yield curve and recession indicators. Who Can Benefit: Traders: Identify market momentum shifts early through crossovers. Long-term Investors: Use recession warnings and dynamic adjustments to protect portfolios. Analysts: A holistic tool for analyzing both economic trends and market movements. This indicator helps users navigate varying market conditions by dynamically adjusting based on economic factors and providing early technical signals for market momentum shifts.
Penunjuk Pine Script®
oleh bigcitytom
1
CE - Market Performance TableThe 𝓜𝓪𝓻𝓴𝓮𝓽 𝓟𝓮𝓻𝓯𝓸𝓻𝓶𝓪𝓷𝓬𝓮 𝓣𝓪𝓫𝓵𝓮 is a sophisticated market tool designed to provide valuable insights into the current market trends and the approximate current position in the Macroeconomic Regime. Furthermore the 𝓜𝓪𝓻𝓴𝓮𝓽 𝓟𝓮𝓻𝓯𝓸𝓻𝓶𝓪𝓷𝓬𝓮 𝓣𝓪𝓫𝓵𝓮 provides the Correlation Implied Trend for the Asset on the Chart. Lastly it provides information about current "RISK ON" or "RISK OFF" periods. Methodology: 𝓜𝓪𝓻𝓴𝓮𝓽 𝓟𝓮𝓻𝓯𝓸𝓻𝓶𝓪𝓷𝓬𝓮 𝓣𝓪𝓫𝓵𝓮 tracks the 15 underlying Stock ETF's to identify their performance and puts the combined performances together to visualize 42MACRO's GRID Equity Model. For this it uses the below ETF's: Dividends (SPHD) Low Beta (SPLV) Quality (QUAL) Defensives (DEF) Growth (IWF) High Beta (SPHB) Cyclicals (IYT, IWN) Value (IWD) Small Caps (IWM) Mid Caps (IWR) Mega Cap Growth (MGK) Size (OEF) Momentum (MTUM) Large Caps (IWB) Overall Settings: The main time values you want to change are: Correlation Length - Defines the time horizon for the Correlation Table ROC Period - Defines the time horizon for the Performance Table Normalization lookback - Defines the time horizon for the Trend calculation of the ETF's - For longer term Trends over weeks or months a length of 50 is usually pretty accurate Visuals: There is a variety of options to change the visual settings of what is being plotted and the two table positions and additional considerations. Everything that is relevant in the underlying logic that can help comprehension can be visualized with these options. Market Correlation: The Market Correlation Table takes the Correlation of the above ETF's to the Asset on the Chart, it furthermore uses the Normalized KAMA Oscillator by IkkeOmar to analyse the current trend of every single ETF. It then Implies a Correlation based on the Trend and the Correlation to give a probabilistically adjusted expectation for the future Chart Asset Movement. This is strengthened by taking the average of all Implied Trends. With this the Correlation Table provides valuable insights about probabilistically likely Movement of the Asset, for Traders and Investors alike, over the defined time duration. Market Performance: 𝓜𝓪𝓻𝓴𝓮𝓽 𝓟𝓮𝓻𝓯𝓸𝓻𝓶𝓪𝓷𝓬𝓮 𝓣𝓪𝓫𝓵𝓮 is the actual valuable part of this Indicator. It provides valuable information about the current market environment (whether it's risk on or risk off), the rough GRID models from 42MACRO and the actual market performance. This allows you to obtain a deeper understanding of how the market works and makes it simple to identify the actual market direction. Utility: The 𝓜𝓪𝓻𝓴𝓮𝓽 𝓟𝓮𝓻𝓯𝓸𝓻𝓶𝓪𝓷𝓬𝓮 𝓣𝓪𝓫𝓵𝓮 is divided in 4 Sections which are the GRID regimes: Economic Growth: Goldilocks Reflation Economic Contraction: Inflation Deflation Top 5 Equity Style Factors: Are the values green for a specific Column? If so then the market reflects the corresponding GRID behavior. Bottom 5 Equity Style Factors: Are the values red for a specific Column? If so then the market reflects the corresponding GRID behavior. So if we have Goldilocks as current regime we would see green values in the Top 5 Goldilocks Cells and red values in the Bottom 5 Goldilocks Cells. You will find that Reflation will look similar, as it is also a sign of Economic Growth. Same is the case for the two Contraction regimes.
Penunjuk Pine Script®
oleh Celestial-Eye
3
EX Trend Signal – Overlay🚨 Fibonacci Reactor Zone Detected on XAU/USD Gold is now testing the upper edge of a triangle structure, combined with an explosive Fibonacci cluster from multiple legs. 📍 Key Levels: • 1.618 = 3,326.00 (Already broken) • 2.618 = 3,385.66 • 3.618 = 3,422.72 • 4.236 = 3,445.63 🧠 Price is approaching the major confluence zone. A clean breakout above 3,360 could trigger a momentum spike toward 3,420+. ✅ Using EX-LEO Fibo Reactor™ v2 with trendline precision ✅ Triangle compression + EMA crossover 📊 Trading Ideas: • Buy on breakout above 3,360 • Buy the dip near 3,336–3,317 • Cut below 3,302 if momentum fails — 💬 Let me know your thoughts — Bullish or Bearish? ⚡ Follow for real-time charts and setups from the Command Table. #XAUUSD #Gold #Breakout #Fibonacci #PriceAction #TradingView #TechnicalAnalysis #Forex #GoldForecast
Penunjuk Pine Script®
oleh ackstep
The Silver Lining – GSR🍯 This tool converts the Gold/Silver Ratio (GSR) into a precision timing lens for short-term traders operating inside digital silver markets. It reveals structural dominance, trend exhaustion, and regime inflection by comparing the GSR to its smoothed baseline and historical percentile rhythm. On high timeframes (1D+), it reflects macroeconomic sentiment shifts 📈. 🧐 The lower the timeframe, the higher the alpha; the 15m and 1h charts are where you will the hidden pots of gold. For LTF traders, it becomes a hyper-responsive bias filter — especially when paired with volatility-based confirmation systems like SUPeR TReND 2.718, as shown. 🧠 The core logic compares the GSR (gold ÷ silver) against a user-defined moving average (VWMA or EMA). A color-coded fill shifts based on direction: amber when gold leads, teal when silver gains strength. Percentile bands (20th, 50th, 80th) map structural zones — helping traders anchor trades based on confluence, not hype. 📊 In the example chart, four theoretical long trades are shown on the 1h chart, manually drawn on the 15m timeframe. Each begins when the GSR reverses from the 80th percentile or breaks below its MA. The trades occur precisely as silver tested support, with confirmation from SUPeR TReND’s trend shift. Although idealized, these aren’t guesses — they are compression-to-expansion sequences backed by macro relative strength flow. Several yielded gains exceeding 4%. 🏆 Best-case long trades occur when GSR rotates down through the 50th percentile and silver catches a reactive bid. Shorts appear when GSR rises through the upper percentile band while silver fails to hold key intraday levels. The percentile bands function like behavioral tiers: 🥈 Below 20th = Silver Dominance ⚠️ Around 50th = Crossover Area 🥇 Above 80th = Gold Dominance 🥈 Why silver? It’s faster, more emotional, and more manipulated than gold — which paradoxically makes it more tradable on low timeframes. Its range-bound nature is ideal for rinse-and-repeat systems. Because we trade the derivative (XAGUSD), there’s no friction or delivery constraint — just price action, clean and liquid. ⚖️ The underlying strategy isn’t just technical; it’s alchemical. The system begins with short-term trading in digital silver and funnels gains into physical gold — converting volatility into wealth. Over time, this establishes a perpetual motion model: when profits allow, trade silver, extract value, cash out and convert into gold. The account stays active, and the hedge keeps growing. 🔁 The Silver Lining isn’t a signal engine. It’s a structural overlay. It tells you when the market’s invisible bias is shifting — so your tactics stay aligned with macro rhythm. 🌊 Silver moves fast. Gold moves first. The Silver Lining helps you bridge that gap — with clarity, confluence, and edge.
Penunjuk Pine Script®
oleh TheLeadingIndicator
Global Inflation Indicator🔹 Overview: The Global Inflation Indicator is a macro-analysis tool designed to track and compare inflation trends across major economies. It pulls Consumer Price Index (CPI) data from multiple regions, helping traders and investors analyze how inflation impacts global markets, particularly gold, forex, and commodities. 📊 Key Features: ✅ Tracks inflation in six major economies: 🇺🇸 USA (CPIAUCSL) – Key driver for USD and gold prices 🇪🇺 Eurozone (CPHPTT01EZM659N) – Euro inflation impact 🇬🇧 United Kingdom (GBRCPIALLMINMEI) – GBP & economic trends 🇨🇳 China (CHNCPIALLMINMEI) – Emerging market impact 🇯🇵 Japan (JPNCPIALLMINMEI) – Yen & inflation control policies 🇮🇳 India (INDCPIALLMINMEI) – Key gold-consuming economy ✅ Real-time Inflation Trends: Provides a visual comparison of inflation levels in different regions. Helps traders identify inflationary cycles & their effect on global assets. ✅ Macro-Driven Trading Decisions: Gold & Forex Correlation: High inflation may increase demand for gold. Interest Rate Expectations: Central banks respond to inflation shifts. Currency Strength: Inflation impacts USD, EUR, GBP, JPY, CNY, INR. 📉 How to Use It: Gold traders can assess inflation trends to predict potential price movements. Forex traders can compare inflation effects on major currency pairs (EUR/USD, USD/JPY, GBP/USD, etc.). Stock investors can evaluate how inflation affects central bank policies and interest rates. 📌 Conclusion: The Global Inflation Indicator is a powerful tool for macroeconomic analysis, providing real-time insights into global inflation trends. By integrating this indicator into your gold, forex, and commodity trading strategies, you can make more informed investment decisions in response to economic changes.
Penunjuk Pine Script®
oleh CelalCanAtay19
Multi-Band Comparison (Uptrend)Multi-Band Comparison Overview: The Multi-Band Comparison indicator is engineered to reveal critical levels of support and resistance in strong uptrends. In a healthy upward market, the price action will adhere closely to the 95th percentile line (the Upper Quantile Band), effectively “riding” it. This indicator combines a modified Bollinger Band (set at one standard deviation), quantile analysis (95% and 5% levels), and power‑law math to display a dynamic picture of market structure—highlighting a “golden channel” and robust support areas. Key Components & Calculations: The Golden Channel: Upper Bollinger Band & Upper Std Dev Band of the Upper Quantile Upper Bollinger Band: Calculation: boll_upper=SMA(close,length)+(boll_mult×stdev) boll_upper=SMA(close,length)+(boll_mult×stdev) Here, the 20-period SMA is used along with one standard deviation of the close, where the multiplier (boll_mult) is 1.0. Role in an Uptrend: In a healthy uptrend, price rides near the 95th percentile line. When price crosses above this Upper Bollinger Band, it confirms strong bullish momentum. Upper Std Dev Band of the Upper Quantile (95th Percentile) Band: Calculation: quant_upper_std_up=quant_upper+stdev quant_upper_std_up=quant_upper+stdev The Upper Quantile Band, quant_upperquant_upper, is calculated as the 95th percentile of recent price data. Adding one standard deviation creates an extension that accounts for normal volatility around this extreme level. The Golden Channel: When the price crosses above the Upper Bollinger Band, the Upper Std Dev Band of the Upper Quantile immediately shifts to gold (yellow) and remains gold until price falls below the Bollinger level. Together, these two lines form the “golden channel”—a visual hallmark of a healthy uptrend where the price reliably hugs the 95th percentile level. Upper Power‑Law Band Calculation: The Upper Power‑Law Band is derived in two steps: Determine the Extreme Return Factor: power_upper=Percentile(returns,95%) power_upper=Percentile(returns,95%) where returns are computed as: returns=closeclose −1. returns=close close​−1. Scale the Current Price: power_upper_band=close×(1+power_upper) power_upper_band=close×(1+power_upper) Rationale and Correlation: By focusing on the upper 5% of returns (reflecting “fat tails”), the Upper Power‑Law Band captures extreme but statistically expected movements. In an uptrend, its value often converges with the Upper Std Dev Band of the Upper Quantile because both measures reflect heightened volatility and extreme price levels. When the Upper Power‑Law Band exceeds the Upper Std Dev Band, it can signal a temporary overextension. Upper Quantile Band (95% Percentile) Calculation: quant_upper=Percentile(price,95%) quant_upper=Percentile(price,95%) This level represents where 95% of past price data falls below, and in a robust uptrend the price action practically rides this line. Color Logic: Its color shifts from a neutral (blackish) tone to a vibrant, bullish hue when the Upper Power‑Law Band crosses above it—signaling extra strength in the trend. Lower Quantile and Its Support Lower Quantile Band (5% Percentile): Calculation: quant_lower=Percentile(price,5%) quant_lower=Percentile(price,5%) Behavior: In a healthy uptrend, price remains well above the Lower Quantile Band. It turns red only when price touches or crosses it, serving as a warning signal. Under normal conditions it remains bright green, indicating the market is not nearing these extreme lows. Lower Std Dev Band of the Lower Quantile: This line is calculated by subtracting one standard deviation from quant_lowerquant_lower and typically serves as absolute support in nearly all conditions (except during gap or near-gap moves). Its consistent role as support provides traders with a robust level to monitor. How to Use the Indicator: Golden Channel and Trend Confirmation: As price rides the Upper Quantile (95th percentile) perfectly in a healthy uptrend, the Upper Bollinger Band (1 stdev above SMA) and the Upper Std Dev Band of the Upper Quantile form a “golden channel” once price crosses above the Bollinger level. When this occurs, the Upper Std Dev Band remains gold until price dips back below the Bollinger Band. This visual cue reinforces trend strength. Power‑Law Insights: The Upper Power‑Law Band, which is based on extreme (95th percentile) returns, tends to align with the Upper Std Dev Band. This convergence reinforces that extreme, yet statistically expected, price moves are occurring—indicating that even though the price rides the 95th percentile, it can only stretch so far before a correction or consolidation. Support Indicators: Primary and Secondary Support in Uptrends: The Upper Bollinger Band and the Lower Std Dev Band of the Upper Quantile act as support zones for minor retracements in the uptrend. Absolute Support: The Lower Std Dev Band of the Lower Quantile serves as an almost invariable support area under most market conditions. Conclusion: The Multi-Band Comparison indicator unifies advanced statistical techniques to offer a clear view of uptrend structure. In a healthy bull market, price action rides the 95th percentile line with precision, and when the Upper Bollinger Band is breached, the corresponding Upper Std Dev Band turns gold to form a “golden channel.” This, combined with the Power‑Law analysis that captures extreme moves, and the robust lower support levels, provides traders with powerful, multi-dimensional insights for managing entries, exits, and risk. Disclaimer: Trading involves risk. This indicator is for educational purposes only and does not constitute financial advice. Always perform your own analysis before making trading decisions.
Penunjuk Pine Script®
oleh garysebastianbrowniii