Heikin Ashi MTF Trend [Pt]โ Introduction
The Heikin Ashi MTF Trend indicator takes a simple approach to understand the trend by visualizing Heikin Ashi candle colors across multiple timeframes and representing it in a simple and visual manner. It utilizes the Heikin Ashi (HA) candles across four custom timeframes to detect trend shifts and strength. The indicator also offers alert conditions for potential bullish and bearish trend shifts.
โ Features
โบ Multiple Timeframes (MTF) Trend Detection: The script fetches HA data from four different timeframes. This multi-timeframe approach gives a holistic view of the market sentiment.
โบ Weighted Trend Score: The individual trend scores of the four timeframes are multiplied with their respective weights and summed up to provide a cumulative trend score that is used to determine bar colors and trend shifts.
โบ Visual Trend Depiction : It displays the trend using default green/red squares for each timeframe and a gradient-filled bar to represent the cumulative trend score.
โบ Trend Change Alerts: Users can set alerts for bullish and bearish trend shifts.
โ Alerts
โ Bull Trend Signal Alert: Alert when there is a bullish trend shift.
โ Bear Trend Signal Alert: Alert when there is a bearish trend shift.
โ Usage Tips
โ The greater the discrepancy in the weights across the timeframes, the more emphasis is placed on the higher weighted timeframe.
โ While the gradient bar provides a quick trend overview, it's essential to view the trend squares to understand the individual timeframe sentiments.
โ Always consider using this tool in conjunction with other indicators or methods for confirmation and enhanced trading strategy.
Happy Trading~~
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Multi-Timeframe SFP + SMTImportant: Please Read First
This indicator is not a "one size fits all" solution. It is a professional and complex tool that requires you to learn how to use it, in addition to backtesting different settings to discover what works best for your specific trading style and the assets you trade. The default settings provided are my personal preferences for trading higher-timeframe setups, but you are encouraged to experiment and find your own optimal configuration.
Please note that while this initial version is solid, it may still contain small errors or bugs. I will be actively working on improving the indicator over time. Also, be aware that the script is not written for maximum efficiency and may be resource-intensive, but this should not pose a problem for most users.
The source code for this indicator is open. If you truly want to understand precisely how all the logic works, you can copy and paste the code into an AI assistant like Gemini or ChatGPT and ask it to explain any part of the script to you.
Author's Preferred Settings (Guideline)
As a starting point, here are the settings I personally use for my trading:
SFP Timeframe: 4-Hour (Strength: 5-5)
Max Lookback: 35 Bars
Raid Expiration: 1 Bar
SFP Lines Limit: 1
SMT Timeframe 1: 30-Minute (Strength: 2-2) with 3-Minute LTF Detection.
SMT Timeframe 2: 15-Minute (Strength: 3-3) with 3-Minute LTF Detection.
SMT Timeframe 3: 1-Hour (Strength: 1-1) with 3-Minute LTF Detection.
SMT Timeframe 4: 15-Minute (Strength: 1-1) with 3-Minute LTF Detection.
Multi-Timeframe SMT: An Overview
This indicator is a powerful tool designed to identify high-probability trading setups by combining two key institutional concepts: Swing Failure Patterns (SFP) on a higher timeframe and Smart Money Technique (SMT) divergences on a lower timeframe. A key feature is the ability to configure and run up to four independent SMT analyses simultaneously, allowing you to monitor for divergences across multiple timeframes (e.g., 15m, 1H, 4H) from a single indicator.
Its primary purpose is to generate automated signals through TradingView's alert system. By setting up alerts, the script runs server-side, monitoring the market for you. When a setup presents itself, it will send a push notification to your device, allowing you to personally evaluate the trade without being tied to your screen.
The Strategy: HTF Liquidity Sweeps into LTF SMT
The core strategy is built on a classic institutional trading model:
Wait for a liquidity sweep on a significant high timeframe (e.g., 4-hour, Daily).
Once liquidity is taken, look for a confirmation of a shift in market structure on a lower timeframe.
This indicator uses an SMT divergence as that confirmation signal, indicating that smart money may be stepping in to reverse the price.
How It Works: The Two-Step Process
The indicator's logic follows a precise two-step process to generate a signal:
Step 1: The Swing Failure Pattern (SFP)
First, the indicator identifies a high-timeframe liquidity sweep. This is configured in the "Swing Failure Pattern (SFP) Timeframe" settings.
It looks for a candle that wicks above a previous high (or below a previous low) but then closes back within the range of that pivot. This action is known as a "raid" or a "swing failure," suggesting the move failed to find genuine momentum.
Step 2: The SMT Divergence
The moment a valid SFP is confirmed, the indicator's multiple SMT engines activate.
Each engine begins monitoring the specific SMT timeframe you have configured (e.g., "SMT Timeframe 1," "SMT Timeframe 2," etc.) for a Smart Money Technique (SMT) divergence.
An SMT divergence occurs when two closely correlated assets fail to move in sync. For example, after a raid on a high, Asset A makes a new high, but Asset B fails to do so. This disagreement suggests weakness and a potential reversal.
When the script finds this divergence, it plots the SMT line and triggers an alert.
The Power of Alerts
The true strength of this indicator lies in its alert capabilities. You can create alerts for both unconfirmed and confirmed SMTs.
Enable Alerts LTF Detection: These alerts trigger when an unconfirmed, potential SMT is spotted on the lower "LTF Detection" timeframe. While not yet confirmed, these early alerts can notify you of a potential move before it fully happens, allowing you to be ahead of the curve and find the best possible trade entries.
Enable Alerts Confirmed SMT: These alerts trigger only when a permanent, confirmed SMT line is plotted on your chosen SMT timeframe. These signals are more reliable but occur later than the early detection alerts.
Key Concepts Explained
What is Pivot Strength?
Pivot Strength determines how significant a high or low needs to be to qualify as a valid structural point. A setting of 5-5, for example, means that for a candle's high to be considered a valid pivot high, its high must be higher than the highs of the 5 candles to its left and the 5 candles to its right.
Higher Strength (e.g., 5-5, 8-8): Creates fewer, but more significant, pivots. This is ideal for identifying major structural highs and lows on higher timeframes.
Lower Strength (e.g., 2-2, 3-3): Creates more pivots, making it suitable for identifying the smaller shifts in momentum on lower timeframes.
Raid Expiration & Validity
An SFP signal is not valid forever. The "Raid Expiration" setting determines how many SFP timeframe bars can pass after a raid before that signal is considered "stale" and can no longer be used to validate an SMT. This ensures your SMT divergences are always in response to recent liquidity sweeps.
Why You Must Be on the Right Chart Timeframe to See SMT Lines
Pine Scriptโข has a fundamental rule: an indicator running on a chart can only "see" the bars of that chart's timeframe or higher.
When the SMT logic is set to the 15-minute timeframe, it calculates its pivots based on 15-minute data. To accurately plot lines connecting these pivots, you must be on a 15-minute chart or lower (e.g., 5-minute, 1-minute).
If you are on a higher timeframe chart, like the 1-hour, the 15-minute bars do not exist on that chart, so the indicator has no bars to draw the lines on.
This is precisely why the alert system is so powerful. You can set your alert to run on the 15-minute timeframe, and TradingView's servers will monitor that timeframe for you, sending a notification regardless of what chart you are currently viewing.
Percent Change IndicatorPercent Change Indicator Description
Overview:
The Percent Change Indicator is a Pine Script (version 6) indicator designed for TradingView to calculate and visualize the percentage change of the current close price relative to a user-selected reference price. It provides a customizable interface to display percentage changes as candlesticks or a line plot, with optional horizontal lines and labels for key levels. The indicator also includes visual signals and alerts for user-defined percentage thresholds, making it useful for identifying significant price movements.
Key Features:
1. Percentage Change Calculation:
- Computes the percentage change of the current close price compared to a reference price, scaled by a user-defined length parameter.
- Formula: percentChange = (close - refPrice) / refPrice * len
- The reference price is sourced from a user-selected timeframe (default: 1D) and price type (Open, High, Low, Close, HL2, HLC3, or HLCC4).
2. Visualization Options:
- Candlestick Plot: Displays percentage change as candlesticks, colored green for rising values and red for falling values.
- Line Plot: Plots the percentage change as a line, with the same color logic.
- Horizontal Lines: Optional horizontal lines at key percentage levels (0%, ยฑ0.2%, ยฑ0.5%, ยฑ0.8%, ยฑ1%) for reference.
- Labels: Optional labels for percentage levels (0, ยฑ15%, ยฑ35%, ยฑ50%, ยฑ65%, ยฑ85%, ยฑ100%) displayed at the chart's right edge.
- All visualizations are toggleable via input settings.
3. Signal and Alert System:
- Threshold-Based Signals: Plots green triangles below bars for long signals (percent change above a user-defined threshold) and red triangles above bars for short signals (percent change below the threshold).
- Alerts: Configurable alerts for long and short conditions, triggered when the percentage change crosses the user-defined threshold (default: 2%). Alert messages include the threshold value for clarity.
4. Customizable Inputs:
- Show Labels: Toggle visibility of percentage level labels (default: true).
- Show Percentage Change: Toggle the line plot of percentage change (default: true).
- Show HLines: Toggle visibility of horizontal reference lines (default: false).
- Show Candle Plot: Toggle the candlestick plot (default: true).
- Percent Change Length: Adjust the scaling factor for percentage change (default: 14).
- Plot Timeframe: Select the timeframe for the reference price (default: 1D).
- Price Type: Choose the reference price type (Open, High, Low, Close, HL2, HLC3, HLCC4; default: Open).
- Percentage Threshold: Set the threshold for long/short signals and alerts (default: 0.02 or 2%).
How It Works:
- The indicator fetches the reference price using request.security() based on the selected timeframe and price type.
- It calculates the percentage change and scales it by the user-defined length.
- Visuals (candlesticks, lines, labels, horizontal lines) are plotted based on user preferences.
- Long and short signals are generated when the percentage change exceeds or falls below the user-defined threshold, with corresponding triangles plotted and alerts triggered.
Use Cases:
- Trend Identification: Monitor significant price movements relative to a reference price.
- Signal Generation: Identify potential entry/exit points based on percentage change thresholds.
- Custom Analysis: Analyze price changes across different timeframes and price types for various trading strategies.
- Alert Notifications: Receive alerts for significant price movements to stay informed without constant chart monitoring.
Setup Instructions:
1. Add the indicator to a TradingView chart.
2. Adjust input settings (timeframe, price type, threshold, etc.) to suit your analysis.
3. Enable/disable visualization options (candlesticks, lines, labels, horizontal lines) as needed.
4. Set up alerts in TradingView:
- Go to the "Alerts" tab and select "Percent Change Indicator."
- Choose "Long Alert" or "Short Alert" to monitor threshold crossings.
- Configure alert frequency and notification method (e.g., email, webhook).
Notes:
- The indicator is non-overlay, displayed in a separate pane below the main chart.
- Alerts trigger on bar close by default; adjust TradingView alert settings for real-time notifications if needed.
- The indicator is released under the Mozilla Public License 2.0.
Author: Dshergill
This indicator is ideal for traders seeking a flexible tool to track percentage-based price movements with customizable visuals and alerts.
EWMA & EWVar + EWStd Expansion with MTF_V.5EWMA & EWVar + EWStd Expansion with MTF_V.5
This indicator combines adaptive trend smoothing (EWMA), variance estimation (EWVar) and dynamic volatility โburstsโ (EWStd Expansion) with optional higher-timeframe confirmation. Itโs designed both for visual chart analysis and for automated alerts on regime changes.
Key Features
EWMA (Exponential Smoothing):
โข Computes an exponential moving average with either a custom ฮฑ or a length-derived ฮฑ = 2/(N+1).
โข Option to recalculate only every N bars (reduces CPU load).
EWVar & EWStd (Variance & Standard Deviation):
โข Exponentially weighted variance tracks recent price dispersion.
โข EWStd (ฯ) is computed alongside the EWMA.
โข Z-score (deviation in ฯ units) shows how far price has diverged from trend.
Multi-Timeframe Filter (MTF):
โข Optionally require the same trend direction on a chosen higher timeframe (e.g. Daily, Weekly, H4).
โข Real-time lookahead available (may repaint).
Gradient Around EWMA:
โข A multi-layer โglowโ zone of ยฑ1ฯ, broken into up to 10 steps.
โข Color interpolates between โupperโ and โlowerโ shades for bullish, bearish and neutral regimes.
Instantaneous Trendline (ITL):
โข Ultra-fast trend filter with slope-based coloring.
โข Highlights micro-trends and short-lived accelerations.
Cross-Over Signals (ITL โ EWMA):
โข Up/down triangles plotted when the ITL crosses the main EWMA.
EWStd Expansion (Volatility Bursts):
โข Automatically detects ฯ expansions (ฯ growth above a set % threshold).
โข Price filter: only when price moves beyond EWMA ยฑ (multiplierยทฯ).
โข Optional higher-timeframe confirmation.
Labels & Alerts:
โข Text labels and circular markers on bars where a volatility burst occurs.
โข Built-in alertcondition calls for both bullish and bearish expansions.
How to Use
Visual Analysis:
โข The gradient around EWMA shows the width of the volatility channel expanding or contracting.
โข ITL color changes instantly highlight short-term impulses.
โข EWMA line color switches (bullish/bearish/neutral) indicate trend state.
Spotting Volatility Breakouts:
โข โEWStd Expansionโ labels and circles signal the onset of strong moves when ฯ spikes.
โข Useful for entering at the start of new impulses.
Automated Alerts:
โข Set alerts on the built-in conditions โBullish EWStd Expansion Alertโ or โBearish EWStd Expansion Alertโ to receive a popup or mobile push when a burst occurs.
This compact tool unifies trend, volatility and multi-timeframe analysis into a single indicatorโideal for traders who want to see trend direction, current dispersion, and timely volatility burst signals all at once.
MA Deviation// -----------------------------------------------------------------------------
// MA Deviation Marking & Alert (MA Divergence)
// -----------------------------------------------------------------------------
// Short Title: MA Deviation Radar
// Author: zhipeng luo
// Version: 1.0
// Date: 2025-04-11
// -----------------------------------------------------------------------------
// Overview:
// This indicator identifies and highlights price bars where the closing price
// deviates significantly from its Simple Moving Average (SMA) by a user-defined
// percentage. It visually marks these bars on the chart and provides
// configurable alert conditions for threshold breaches.
//
// How it Works:
// 1. Calculates the Simple Moving Average (SMA) based on the 'MA Period' input.
// 2. Computes the percentage deviation of the closing price from the SMA value.
// Formula: `((Close - SMA) / SMA) * 100`
// 3. Compares the calculated deviation percentage against the positive and
// negative 'Threshold (%)' input values.
// 4. Marks the background of the price bars when a threshold is exceeded:
// - Red Background: Price deviation is greater than the positive threshold.
// - Green Background: Price deviation is less than the negative threshold.
// 5. Includes an optional, non-visible plot of the MA line itself.
// 6. Offers three distinct alert conditions for automation and notifications.
//
// Features:
// - Customizable Simple Moving Average period.
// - Adjustable deviation threshold percentage.
// - Clear visual signals using background colors on the main chart.
// - Built-in Alert Conditions:
// - MA Positive Deviation Alert (Triggers when price > MA + Threshold %)
// - MA Negative Deviation Alert (Triggers when price < MA - Threshold %)
// - MA Deviation Alert - Any (Triggers on either positive or negative breach)
//
// How to Use:
// - Identify Potential Extremes: Useful for spotting potential overbought (large
// positive deviation) or oversold (large negative deviation) conditions
// which might precede price corrections or mean reversion.
// - Gauge Trend Extension: Extreme deviations can sometimes indicate that a
// trend is overextended and might be due for a pause or reversal.
// - Parameter Tuning: Adjust the 'MA Period' and '(Threshold %)' settings to
// suit the specific asset, timeframe, and volatility characteristics you
// are analyzing. Lower thresholds yield more signals; higher thresholds
// focus on more significant deviations.
// - Alerts: Set up alerts via the TradingView alert menu using the provided
// conditions ("MA Positive Deviation Alert", "MA Negative Deviation Alert",
// "MA Deviation Alert - Any") to get notified of potential setups.
//
// Parameters:
// - MA Period (Default: 200): The lookback period for the SMA calculation.
// - (Threshold %) (Default: 7.0): The percentage deviation (positive and
// negative) from the MA required to trigger a background signal and alert.
//
// Alerts & Important Note:
// Three alert conditions corresponding to the signals are available:
// 1. "MA Positive Deviation Alert"
// 2. "MA Negative Deviation Alert"
// 3. "MA Deviation Alert - Any"
//
// ***Please Note:*** The value shown after "( {{plot_0}}%)" or
// "( {{plot_0}}%)" in the default alert message refers to the
// **Moving Average value** (`plot_0`), not the actual deviation percentage.
// The alert *triggers correctly* based on the deviation percentage crossing
// the threshold, but the number displayed by the `{{plot_0}}` placeholder
// in the message is the MA's value at that time due to the script's
// internal plot order.
//
// Disclaimer: This indicator is provided for informational and analytical
// purposes only. It does not constitute financial advice or a recommendation
// to buy or sell any asset. Always conduct your own research and use proper
// risk management. Trading involves significant risk.
// -----------------------------------------------------------------------------
Risk MeterRisk Meter Indicator for TradingView
The Risk Meter is a powerful market risk assessment tool designed to help traders evaluate the current risk environment using a simple, data-driven score. By analyzing four critical market factorsโVIX (volatility index), market breadth, trailing volatility, and credit spreadsโthe indicator generates a risk score between 0 and 4. This score empowers traders to make informed decisions about hedging, exiting positions, or re-entering the market, with clear visual cues and alerts for intraday monitoring.
What It Does
Calculates a Risk Score: Assigns a score from 0 to 4, where each point reflects an active risk condition based on four market indicators.
Identifies Risk Levels:
A score of 3 or higher indicates a high-risk environment, suggesting traders consider hedging or reducing exposure.
A score of 2 or lower for at least two consecutive days signals a potential opportunity to re-enter the market.
Provides Visual Feedback: Uses color-coded Columns, threshold markers, and a component table for quick interpretation.
Supports Decision-Making: Offers a structured approach to managing risk and timing trades.
How It Works
The Risk Meter aggregates four key risk conditions, each contributing 1 point to the total score when triggered:
Elevated and Rising VIX (Risk 1)
Condition: The VIX is above 18 and higher than it was 20 days ago.
Purpose: Detects increasing market fear or uncertainty.
Market Breadth Dropping (Risk 2)
Condition: Either:
Fewer than 50% of S&P 500 stocks are above their 200-day moving average and fewer than 70% are above their 50-day moving average, or
The 3-day EMA of the 200-day breadth falls below 80% of its 20-day SMA.
Purpose: Identifies weakening participation across the market.
Trailing Volatility (Risk 3)
Condition: The 30-day annualized volatility of the equal-weight S&P 500 (RSP) exceeds 35%.
Purpose: Highlights periods of heightened price instability.
Credit Spreads (Risk 4)
Condition: The price ratio of high-yield bonds (HYG) to Treasuries (TLT or IEF) is lower than it was 20 days ago, indicating widening credit spreads.
Purpose: Signals potential stress in credit markets.
The total risk score is the sum of these conditions (0 to 4). Additionally, the indicator tracks consecutive days with a score of 2 or lower to generate re-entry signals.
How to Read It Intraday
The Risk Meter is built on daily data but can be monitored intraday for real-time insights. Hereโs how traders can interpret it:
Risk Score Plot:
Displayed as a step line ranging from 0 to 4.
Colors:
Red: High risk (score โฅ 3) โ caution advised.
Green: Re-entry signal โ score โค 2 for at least two consecutive days (triggered when the count increments from 1 to 2).
Blue: Neutral or low risk (score < 3 without a re-entry signal).
Threshold Lines:
Dashed Gray Line at 3: Marks the high-risk threshold.
Dotted Gray Line at 2: Indicates the low-risk threshold for re-entry signals.
Risk Component Table:
Located in the top-right corner, it lists:
VIX, Breadth, Volatility, and Credit Spreads.
Status: Shows "" (warning, red) if the risk condition is met, or "โ" (safe, blue) if not.
Helps traders pinpoint which factors are driving the score.
Alerts:
High Risk Alert: Triggers when the score moves from < 3 to โฅ 3.
Re-entry Signal Alert: Triggers when the score โค 2 for two consecutive days.
Intraday Usage Tips
Check the indicator throughout the day for early signs of risk shifts, especially if the score is near a threshold (e.g., 2 or 3).
Combine with other intraday tools (e.g., price action, volume) since the Risk Meter updates daily but reflects broader market conditions.
How Traders Can Use It
High-Risk Signal (Score โฅ 3):
Consider hedging positions (e.g., with options) or reducing equity exposure to protect against potential downturns.
Re-entry Signal (Score โค 2 for 2+ Days):
Look to re-enter the market or increase exposure, as it suggests stabilizing conditions.
Daily Risk Management:
Use the score and table to assess overall market health and adjust strategies accordingly.
Alert-Driven Trading:
Set up alerts to stay notified of critical risk changes without constant monitoring.
Why Use the Risk Meter?
This indicator offers a systematic, multi-factor approach to risk assessment, blending volatility, breadth, and credit market data into an easy-to-read score. Whether youโre an intraday trader or a longer-term investor, the Risk Meter helps you stay proactive, avoid surprises, and time your trades with greater confidence.
Financial Risk Disclaimer for the Risk Meter Tool
Important Notice: The Risk Meter is a market risk assessment tool designed to provide insights into current market conditions based on historical data and predefined indicators. It is intended for informational and educational purposes only and should not be considered financial advice, a recommendation to buy or sell any securities, or a guarantee of future market performance.
Key Considerations
No Guarantee of Accuracy: While the Risk Meter utilizes reliable data sources and established financial metrics, the creators do not guarantee the accuracy, completeness, or timeliness of the information provided. Financial markets are complex and subject to rapid, unpredictable changes, and the toolโs output may not fully reflect all market dynamics.
Market Risks: Trading and investing in financial markets carry significant risks, including the potential loss of principal. Market volatility, economic shifts, and other factors can lead to unexpected outcomes. Past performance is not a reliable indicator of future results, and the Risk Meterโs assessments are based on historical data, not future predictions.
Not a Substitute for Professional Advice: The Risk Meter is not intended to replace personalized financial guidance. Users are strongly encouraged to consult a qualified financial advisor, perform their own research, and evaluate their personal financial situation, risk tolerance, and investment objectives before making any trading or investment decisions.
Limitation of Liability: The creators of the Risk Meter, including any affiliates, developers, or contributors, are not liable for any direct, indirect, incidental, or consequential losses or damages arising from the use of this tool. This includes, but is not limited to, financial losses, missed opportunities, or decisions based on the toolโs output.
User Responsibility: By using the Risk Meter, you accept full responsibility for your trading and investment decisions. You acknowledge that you use the tool at your own risk and that the creators bear no responsibility for any outcomes resulting from its use.
Final Note
The Risk Meter is a supplementary tool designed to enhance your understanding of market risk. It is not a comprehensive solution for investment management. Approach trading and investing with caution, ensuring your decisions align with your personal financial strategy.
Trend with ADX/EMA - Buy & Sell SignalsThis script is designed to help traders make buy and sell decisions based on trend analysis using two key methods: ADX (Average Directional Index) and EMA (Exponential Moving Averages). Here's a breakdown in simple terms:
What Does It Do?
Identifies the Trend's Strength and Direction:
Uses the ADX indicator to determine how strong the trend is.
Compares two lines (DI+ and DIโ) to identify whether the trend is moving up or down.
Generates Buy and Sell Signals:
Uses two EMAs (a fast one and a slow one) to check when the price crosses key levels, signaling a possible buy or sell opportunity.
Plots visual indicators (arrows and labels) for easy interpretation.
Color-Codes the Chart:
Highlights the background in green when the trend is bullish (uptrend).
Highlights the background in red when the trend is bearish (downtrend).
Alerts the User:
Creates alerts when specific conditions for buying or selling are met.
Key Components:
1. ADX (Trend Strength & Direction)
What is ADX?
ADX measures how strong the trend is (not the direction). Higher ADX means a stronger trend.
It also calculates two lines:
DI+: Measures upward movement strength.
DIโ: Measures downward movement strength.
How It Works in the Script:
If DI+ is greater than DIโ, itโs a bullish trend (upward).
If DIโ is greater than DI+, itโs a bearish trend (downward).
The background turns green for an uptrend and red for a downtrend.
2. EMA (Buy and Sell Decisions)
What is EMA?
EMA is a moving average that gives more weight to recent prices. Itโs used to smooth out price fluctuations.
How It Works in the Script:
The script calculates two EMAs:
Fast EMA (short-term average): Reacts quickly to price changes.
Slow EMA (long-term average): Reacts slower and shows overall trends.
When the Fast EMA crosses above the Slow EMA, itโs a signal to Buy.
When the Fast EMA crosses below the Slow EMA, itโs a signal to Sell.
These signals are marked on the chart as "Buy" and "Sell" labels.
3. Buy and Sell Alerts
The script sets up alerts for the user:
Buy Alert: When a crossover indicates a bullish signal.
Sell Alert: When a crossunder indicates a bearish signal.
Visual Elements on the Chart:
Background Colors:
Green: When the DI+ line indicates an uptrend.
Red: When the DIโ line indicates a downtrend.
EMA Lines:
Green Line: Fast EMA.
Red Line: Slow EMA.
Buy/Sell Labels:
"Buy" label: Shown when the Fast EMA crosses above the Slow EMA.
"Sell" label: Shown when the Fast EMA crosses below the Slow EMA.
Why Use This Script?
Trend Analysis: Helps you quickly identify the strength and direction of the market trend.
Buy/Sell Signals: Gives clear signals to enter or exit trades based on trend and EMA crossovers.
Custom Alerts: Ensures you never miss a trading opportunity by notifying you when conditions are met.
Visual Simplicity: Makes it easy to interpret trading signals with color-coded backgrounds and labeled arrows.
RCYC Bullish Bearish Indicator
Summary: The RCYC Bullish Bearish Indicator is a custom trading tool designed to help traders identify potential bullish and bearish conditions in the market using a combination of KDJ and RSI indicators. This indicator uses color-coded candles to visually represent bullish and bearish signals, making it easy to identify trend changes on the chart. The script is particularly useful for traders who prefer visual signals and want to incorporate both trend momentum (KDJ) and relative strength (RSI) in their analysis.
Description:
The RCYC Bullish Bearish Indicator is a unique mashup of the KDJ and RSI indicators, optimized to provide a clear visual representation of market conditions through color-coded candles. This indicator not only identifies the potential trend shifts but also provides alerts for significant crossover points, enhancing a trader's ability to make informed decisions.
How It Works:
KDJ Calculation:
The KDJ is a variation of the Stochastic Oscillator that includes the %J line, which can go beyond the typical 0-100 range of %K and %D.
The KDJ component of this indicator calculates the highest high and lowest low over a specified period (KDJ Length), using these values to derive the %K line.
The %D line is a smoothed version of %K, and the %J line is derived from %K and %D using the formula: J = 3 * %K - 2 * %D.
This indicator focuses on the behavior of the %J line in relation to a mid-point level (50), identifying crossovers and crossunders that signal potential shifts in market sentiment.
RSI Calculation:
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is widely used to identify overbought or oversold conditions.
In this indicator, RSI values are adjusted and plotted to align visually with the KDJ values, providing a complementary momentum analysis.
Crossover Logic and Candle Coloring:
The indicator tracks two main events:
CrossOver50: When the %J line crosses above the 50 level, indicating potential bullish momentum.
CrossUnder50: When the %J line crosses below the 50 level, indicating potential bearish momentum.
Depending on the crossover events, the script changes the color of the candles on the chart:
Red candles on the initial crossover above 50, followed by dark blue candles to maintain bullish sentiment.
Yellow candles on the initial crossover below 50, followed by light blue candles to maintain bearish sentiment.
Alerts:
The indicator includes alert conditions for both bullish and bearish signals:
Red Candle Alert: Notifies the trader when the %J line crosses above 50.
Yellow Candle Alert: Notifies the trader when the %J line crosses below 50.
These alerts allow traders to react promptly to key market signals without continuously monitoring the chart.
Usage and Benefits:
This indicator is designed for traders looking to combine momentum and trend analysis into a single visual tool. It is particularly useful for those trading in trending markets or looking for entry/exit signals based on momentum shifts.
The color-coded candles provide an intuitive way to assess market conditions at a glance, reducing the complexity associated with analyzing multiple indicators separately.
By integrating both KDJ and RSI, the RCYC Bullish Bearish Indicator offers a balanced approach to trend detection and momentum confirmation, making it versatile for various trading styles, including scalping, swing trading, and position trading.
Originality and Usefulness:
While the indicator builds upon the familiar concepts of KDJ and RSI, it uniquely merges them into a cohesive visual tool with distinct crossover-based alerts and candle coloring.
This approach makes the indicator original, as it simplifies the interpretation of complex signals into straightforward visual cues, enhancing the decision-making process for traders who prefer chart-based analysis.
Gabriel's Relative Unrealized Profit with Dynamic MVRV Histogram
Certainly! Hereโs an enhanced description of the Gabriel's Relative Unrealized Profit with Dynamic MVRV Histogram indicator with detailed usage instructions and explanations of why it's effective:
Gabriel's Relative Unrealized Profit with Dynamic MVRV Histogram
Description:
The Gabriel's Relative Unrealized Profit with Dynamic MVRV Histogram is an advanced trading indicator designed to offer in-depth insights into asset profitability and market valuation. By integrating Relative Unrealized Profit (RUP) and the Market Value to Realized Value (MVRV) Ratio, this indicator provides a nuanced view of an asset's performance and potential trading signals.
Key Components:
SMA Length and Volume Indicator:
SMA Length: Defines the period for the Simple Moving Average (SMA) used to calculate the entry price, defaulted to 14 periods. This smoothing technique helps estimate the average historical price at which the asset was acquired.
Volume Indicator: Allows selection between "volume" and "vwap" (Volume-Weighted Average Price) for calculating entry volume. The choice impacts the calculation of entry volume, either based on standard trading volume or a weighted average price.
Realized Price Calculation:
Computes the average price over a specified period (default of 30 periods) to establish the realized price. This serves as a benchmark for evaluating the cost basis of the asset.
MVRV Calculation:
Current Price: The most recent closing price of the asset, representing its market value.
Total Cost: Calculated as the product of the entry price and entry volume, reflecting the total investment made.
Unrealized Profit: The difference between the current price and the entry price, multiplied by entry volume, indicating profit or loss that has yet to be realized.
Relative Unrealized Profit: Expressed as a percentage of the total cost, showing how much profit or loss exists relative to the initial investment.
Market Value and Realized Value: Market Value is the current price multiplied by entry volume, while Realized Value is the realized price multiplied by entry volume. The MVRV Ratio is obtained by dividing Market Value by Realized Value.
Normalization:
Normalizes both Relative Unrealized Profit and MVRV Ratio to a standardized range of -100 to 100. This involves calculating the minimum and maximum values over a 100-period window to ensure comparability and relevance.
Histogram Calculation:
The histogram is derived from the difference between the normalized Relative Unrealized Profit and the normalized MVRV Ratio. It visually represents the disparity between the two metrics, highlighting potential trading signals.
Plotting and Alerts:
Plots:
Normalized Relative Unrealized Profit (Blue Line): Plotted in blue, this line shows the scaled measure of unrealized profit. Positive values indicate potential gains, while negative values suggest potential losses.
Normalized MVRV Ratio (Red Line): Plotted in red, this line represents the scaled MVRV Ratio. Higher values suggest that the assetโs market value significantly exceeds its realized value, indicating potential overvaluation, while lower values suggest potential undervaluation.
Histogram (Green Bars): Plotted in green, this histogram displays the difference between the normalized Relative Unrealized Profit and the normalized MVRV Ratio. Positive bars indicate that the assetโs profitability is exceeding its market valuation, while negative bars suggest the opposite.
Alerts:
High Histogram Alert: Activated when the histogram value exceeds 50. This condition signals a strong positive divergence, indicating that the asset's profitability is outperforming its market valuation. It may suggest a buying opportunity or indicate that the asset is undervalued relative to its potential profitability.
Low Histogram Alert: Triggered when the histogram value falls below -50. This condition signals a strong negative divergence, indicating that the asset's profitability is lagging behind its market valuation. It may suggest a selling opportunity or indicate that the asset is overvalued relative to its profitability.
How to Use the Indicator:
Setup: Customize the SMA Length, Volume Indicator, and Realized Price Length based on your trading strategy and asset volatility. These parameters allow you to tailor the indicator to different market conditions and asset types.
Interpretation:
Blue Line (Normalized Relative Unrealized Profit): Monitor this line to gauge the profitability of holding the asset. Significant positive values suggest that the asset is currently in a profitable position relative to its purchase price.
Red Line (Normalized MVRV Ratio): Use this line to assess whether the asset is trading at a premium or discount relative to its cost basis. Higher values may indicate overvaluation, while lower values suggest undervaluation.
Green Bars (Histogram): Observe the histogram for deviations between RUP and MVRV Ratio. Large positive bars indicate that the asset's profitability is strong relative to its valuation, signaling potential buying opportunities. Large negative bars suggest that the asset's profitability is weak relative to its valuation, signaling potential selling opportunities.
Trading Strategy:
Bullish Conditions: When the histogram shows large positive values, it suggests that the assetโs profitability is strong compared to its valuation. Consider this as a potential buying signal, especially if the histogram remains consistently positive.
Bearish Conditions: When the histogram displays large negative values, it indicates that the assetโs profitability is weak compared to its valuation. This may signal a potential selling opportunity or caution, particularly if the histogram remains consistently negative.
Why This Indicator is Effective:
Integrated Metrics: Combining Relative Unrealized Profit and MVRV Ratio provides a comprehensive view of asset performance. This integration allows traders to evaluate both profitability and market valuation in one cohesive tool.
ABC PatternThe indicator, named "ABC Pattern," is designed to identify specific bullish and bearish patterns on a price chart. Here's a simple explanation of what it does:
What the Indicator Does:
1. Identifies Bullish Patterns:
- The indicator looks for a sequence of candles where certain conditions are met to form a bullish pattern.
- When it detects a bullish pattern, it colors the candle that occurred three periods ago in gold.
2. Identifies Bearish Patterns:
- Similarly, it looks for a sequence of candles where certain conditions are met to form a bearish pattern.
- When it detects a bearish pattern, it colors the candle that occurred three periods ago in pinkish.
3. Creates Alerts:
- Whenever a bullish or bearish pattern is identified, the indicator generates an alert.
- The alert message includes the type of pattern (bullish or bearish), the price level at the time of detection, and the date and time of the pattern formation.
Detailed Conditions:
- Bullish Pattern:
- The current candle closes higher than it opened.
- The previous candle also closes higher than it opened.
- Two candles ago, the candle closed lower than it opened.
- Three candles ago, the candle closed higher than it opened.
- The highest price of two candles ago is below the current close.
- The lowest price of three candles ago is above the close of two candles ago.
- The highest price of three candles ago is below the current close.
- Bearish Pattern:
- The current candle closes lower than it opened.
- The previous candle also closes lower than it opened.
- Two candles ago, the candle closed higher than it opened.
- Three candles ago, the candle closed lower than it opened.
- The lowest price of two candles ago is above the current close.
- The highest price of three candles ago is below the close of two candles ago.
- The lowest price of three candles ago is above the current close.
Visual Representation:
- Gold Color: Indicates a detected bullish pattern.
- Pinkish Color: Indicates a detected bearish pattern.
Alerts:
- Alert Message: "ABC Pattern has appeared!"
- Detailed Alerts: Include the type of pattern, price level, and timestamp for better analysis and decision-making.
This indicator helps traders visually and audibly detect potential bullish and bearish patterns on their charts, aiding in making more informed trading decisions.
Scoopy StacksWaffle Around Multiple
(Open, High, Low, Close) Stacks On
Pre/Post Market & (Daily, Weekly,
Monthly, Yearly) Sessions With
Meticulous Columns, Rows, Tooltips,
Colors, Custom Ideas, and Alerts.
Sessions Use Two Step Incremental Values
Default Value: (1) Shows Two Previous
(O, H, L, C); Increasing Value Swaps
Sessions With Next Two Stacks.
โฌ๏ธ KEY WORDS:
๐ข Crossover | ๐ด Crossunder
๐ High | ๐ Low
๐ Open | ๐ Close
๐ฅ First Idea | ๐ฅ Second Idea
๐ฅ Third Idea | ๐๏ธ Fourth Idea
๐ฅ ALERTS:
Default Option: (Per Bar)
Alerts Once Conditions Are Met
(Bar Close) Alerts When Bar Closes
Default Option: (Reg)
Alerts During Regular Market
Trading Hours, (0930-1600)
(Ext) Alerts During Extended
Market Hours, (1600-0930)
(24/7) Alerts All Day
Optional Preferences:
Regular Alerts - Stocks
Extended Alerts - Futures
24/7 Alerts - Crypto
๐ง STACKS:
Default Value: (1)
Incremental Stack Value, Increasing Value
Swaps Sessions With the Next Two Stacks
(โ) Swap Stacks?
Pre/Post Market High/Lows,
1-2 Day High/Lows, 1-2 Week High/Lows,
1-2 Month High/Lows, 1-2 Year High/Lows
( ) Swap Stacks?
Pre/Post Market Open/Close,
1-2 Day Open/Close, 1-2 Week Open/Close,
1-2 Month Open/Close, 1-2 Year Open/Close
๐จ EXAMPLES:
Default Stack:
๐ข | ๐ Pre Market High (PRE) | 4600.00
๐ด | ๐ Post Market Low (POST) | 420.00
Optional: (Open)
๐ข | ๐ Post Market Open (POST) | 4400.00
Optional: (Close)
๐ด | ๐ Pre Market Close (PRE) | 430.00
Default Stack Value: (1)
๐ด | ๐ 1 Day High (1DH) | 460.00
Next Stack Value: (3)
๐ข | ๐ 4 Day Low (4DL) | 420.00
Optional: (Open)
๐ด | ๐ 2 Day Open (2DO) | 440.00
Optional: (Close)
๐ข | ๐ 3 Day Close (3DC) | 430.00
Default Stack Value: (5)
๐ข | ๐ 5 Week High (5WH) | 460.00
Next Stack Value: (7)
๐ด | ๐ 8 Week Low (8WL) | 420.00
Optional: (Open)
๐ด | ๐ 7 Week Open (7WO) | 4400.00
Optional: (Close)
๐ข | ๐ 6 Week Close (6WC) | 430.00
Default Stack Value: (9)
๐ด | ๐ 9 Month High (9MH) | 460.00
Next Stack Value: (11)
๐ข | ๐ 12 Month Low (12ML) | 420.00
Optional: (Open)
๐ข | ๐ 11 Month Open (11MO) | 4400.00
Optional: (Close)
๐ด | ๐ 10 Month Close (10MC) | 430.00
Default Stack Value: (13)
๐ข | ๐ 13 Year High (13YH) | 460.00
Next Stack Value: (15)
๐ข | ๐ 16 Year Low (16YL) | 420.00
Optional: (Open)
๐ด | ๐ 15 Year Open (15YO) | 4400.00
Optional: (Close)
๐ด | ๐ 14 Year Close (14YC) | 430.00
๐ฉ TABLES:
Default Value: (1)
Moves Table Up, Down, Left, or Right
Based on Second Default Value
First Default Value: (Top Right)
Sets Table Placement, Middle Center
Allows Table To Move In All Directions
Second Default Value: (Default)
Fixed Table Position, Switching Values
Moves Direction of the Table
๐ฆ IDEAS:
(โ) Show Ideas?
Shows Four Ideas With Custom Texts
and Values; Ideas Are Based Around
Post-It Note Reminders with Alerts
Suggestions For Text Ideas:
Take Profit, Stop Loss, Trim, Hold,
Long, Short, Bounce Spot, Retest,
Chop, Support, Resistance, Buy, Sell
๐ช EXAMPLES:
Default Value: (5)
Shows the Custom Table Value For
Sorted Table Positions and Alerts
Default Text: (๐ฅ)
Shown On First Table Cell and
Message Appearing On Alerts
Alert Shows: ๐ข | ๐ฅ | 5.00
Default Value: (10)
Shows the Custom Table Value For
Sorted Table Positions and Alerts
Default Text: (๐ฅ)
Shown On Second Table Cell and
Message Appearing On Alerts
Alert Shows: ๐ด | ๐ฅ | 10.00
Default Value: (50)
Shows the Custom Table Value For
Sorted Table Positions and Alerts
Default Text: (๐ฅ)
Shown On Third Table Cell and
Message Appearing On Alerts
Alert Shows: ๐ข | ๐ฅ | 50.00
Default Value: (100)
Shows the Custom Table Value For
Sorted Table Positions and Alerts
Default Text: (๐๏ธ)
Shown On Fourth Table Cell and
Message Appearing On Alerts
Alert Shows: ๐ด | ๐๏ธ | 100.00
โฌ๏ธ REFERENCES:
Pre-market Highs & Lows on regular
trading hours (RTH) chart
By Twingall
Previous Day Week Highs & Lows
By Sbtnc
Screener for 40+ instruments
By QuantNomad
Daily Weekly Monthly Yearly Opens
By Meliksah55
Ribbit RangesBounce Around Multiple
(Open, High, Low, Close) Ranges
On Pre/Post Market & (Daily, Weekly,
Monthly, Yearly) Sessions With
Meticulous Lines, Labels, Tooltips,
Colors, Custom Ideas, and Alerts.
Sessions Use Two Step Incremental Values
Default Value: (1) Shows Two Previous
(O, H, L, C); Increasing Value Swaps
Sessions With Next Two Ranges.
โฌ๏ธ KEY WORDS:
๐ข Crossover | ๐ด Crossunder
๐ High | ๐ Low
๐ Open | ๐ Close
๐ฅ First Idea | ๐ฅ Second Idea
๐ฅ Third Idea | ๐๏ธ Fourth Idea
๐ฅ ALERTS:
Default Option: (Per Bar)
Alerts Once Conditions Are Met
(Bar Close) Alerts When Bar Closes
Default Option: (Reg)
Alerts During Regular Market
Trading Hours, (0930-1600)
(Ext) Alerts During Extended
Market Hours, (1600-0930)
(24/7) Alerts All Day
Optional Preferences:
Regular Alerts - Stocks
Extended Alerts - Futures
24/7 Alerts - Crypto
๐ง RANGES:
Default Value: (1)
Incremental Range Value, Increasing Value
Swaps Sessions With the Next Two Ranges
(โ) Swap Ranges?
Pre/Post Market High/Lows,
1-2 Day High/Lows, 1-2 Week High/Lows,
1-2 Month High/Lows, 1-2 Year High/Lows
( ) Swap Ranges?
Pre/Post Market Open/Close,
1-2 Day Open/Close, 1-2 Week Open/Close,
1-2 Month Open/Close, 1-2 Year Open/Close
๐จ EXAMPLES:
Default Range:
๐ข | ๐ Pre Market High (PRE) | 4600.00
๐ด | ๐ Post Market Low (POST) | 420.00
Optional: (Open)
๐ข | ๐ Post Market Open (POST) | 4400.00
Optional: (Close)
๐ด | ๐ Pre Market Close (PRE) | 430.00
Default Range Value: (1)
๐ด | ๐ 1 Day High (1DH) | 460.00
Next Range Value: (3)
๐ข | ๐ 4 Day Low (4DL) | 420.00
Optional: (Open)
๐ด | ๐ 2 Day Open (2DO) | 440.00
Optional: (Close)
๐ข | ๐ 3 Day Close (3DC) | 430.00
Default Range Value: (5)
๐ข | ๐ 5 Week High (5WH) | 460.00
Next Range Value: (7)
๐ด | ๐ 8 Week Low (8WL) | 420.00
Optional: (Open)
๐ด | ๐ 7 Week Open (7WO) | 4400.00
Optional: (Close)
๐ข | ๐ 6 Week Close (6WC) | 430.00
Default Range Value: (9)
๐ด | ๐ 9 Month High (9MH) | 460.00
Next Range Value: (11)
๐ข | ๐ 12 Month Low (12ML) | 420.00
Optional: (Open)
๐ข | ๐ 11 Month Open (11MO) | 4400.00
Optional: (Close)
๐ด | ๐ 10 Month Close (10MC) | 430.00
Default Range Value: (13)
๐ข | ๐ 13 Year High (13YH) | 460.00
Next Range Value: (15)
๐ข | ๐ 16 Year Low (16YL) | 420.00
Optional: (Open)
๐ด | ๐ 15 Year Open (15YO) | 4400.00
Optional: (Close)
๐ด | ๐ 14 Year Close (14YC) | 430.00
๐ฉ COLORS:
(โ) Swap Colors?
Text Color Is Shown Using
Background Color
( ) Swap Colors?
Background Color Is Shown
Using Text Color
๐ฆ IDEAS:
(โ) Show Ideas?
Plots Four Ideas With Custom Lines
and Labels; Ideas Are Based Around
Post-It Note Reminders with Alerts
Suggestions For Text Ideas:
Take Profit, Stop Loss, Trim, Hold,
Long, Short, Bounce Spot, Retest,
Chop, Support, Resistance, Buy, Sell
๐ช EXAMPLES:
Default Value: (5)
Shows the Custom Value For
Lines, Labels, and Alerts
Default Text: (๐ฅ)
Shown On First Label and
Message Appearing On Alerts
Alert Shows: ๐ข | ๐ฅ | 5.00
Default Value: (10)
Shows the Custom Value For
Lines, Labels, and Alerts
Default Text: (๐ฅ)
Shown On Second Label and
Message Appearing On Alerts
Alert Shows: ๐ด | ๐ฅ | 10.00
Default Value: (50)
Shows the Custom Value For
Lines, Labels, and Alerts
Default Text: (๐ฅ)
Shown On Third Label and
Message Appearing On Alerts
Alert Shows: ๐ข | ๐ฅ | 50.00
Default Value: (100)
Shows the Custom Value For
Lines, Labels, and Alerts
Default Text: (๐๏ธ)
Shown On Fourth Label and
Message Appearing On Alerts
Alert Shows: ๐ด | ๐๏ธ | 100.00
โฌ๏ธ REFERENCES:
Pre-market Highs & Lows on regular
trading hours (RTH) chart
By Twingall
Previous Day Week Highs & Lows
By Sbtnc
Screener for 40+ instruments
By QuantNomad
Daily Weekly Monthly Yearly Opens
By Meliksah55
MTF MAs and Crosses Nexus [DarkWaveAlgo]๐งพ Description:
A nexus is a connection, link, or neuronal junction where signals and information are transmitted between different elements.
The MTF MAs and Crosses Nexus indicator serves as a nexus between MTF Moving Averages by facilitating the visualization and interaction of up to eight multi-timeframe moving averages, each with its own customizable timeframe, period, cross-over and cross-under alerts and plot markers, moving average calculation type, and price source.
It acts as a utility/control center that brings together multiple MTF moving averages (MTF MAs) and allows you to visualize the interactions between them with exceptional ease-of-use and customizability, helping to provide you with valuable insights into potential trend reversals, momentum shifts, and trading opportunities.
๐ก Originality and Usefulness:
While there are other multi-timeframe moving average indicators available, MTF MAs and Crosses Nexus' customizable alert and signal settings offer intra-indicator MTF moving average cross markers and alerts not seen in other MTF MA indicators, allowing you to visualize the cross-over and cross-under relationships between the indicator's MAs with an 'all-in-one' experience. We also believe it stands above the rest with its sheer quantity and quality of settings, features, and usability.
โ๏ธ Re-Published to Avoid Misleading Values
This script has been re-published to ensure that it does not use `request.security()` calls using lookahead_on to access future data when referencing moving averages from other timeframes. This decreases the likelihood that the indicator will provide deceiving values. This change has been made in accordance with the PineScript documentation: "Using barmerge.lookahead_on at timeframes higher than the chart's without offsetting the `expression` argument like in `close ` will introduce future leak in scripts, as the function will then return the `close` price before it is actually known in the current context" and the Publishing Rule: "Do not use `request.security()` calls using lookahead to access future data".
๐ Features:
8 toggleable MTF Moving Averages with customizable timeframes, periods, moving average calculation types, and price sources
Customizable cross-over and cross-under alert and chart signal options for each MTF MA (toggleable cross alerts and signals for crosses between intra-indicator MAs and bar price values)
Aesthetic and flexible coloring and color theme styling options
End-of chart labels and options for ease-of-use and legibility
โ๏ธ Settings:
Use a Color Theme: When this setting is enabled, all manual 'Bullish and Bearish Colors' are overridden. All plots will use the colors from your selected Color Theme - excepting those plots set to use the 'Single Color' coloring method.
Color Theme: When 'Use a Color Theme' is enabled, this setting allows you to select the color theme you wish to use.
Hide MAs on Timeframes Lower Than the Chart: When this setting is enabled, any MTF MA with a timeframe smaller than that of the chart the indicator is applied to will be hidden from view.
Enable: Show/hide a specific MTF MA.
Timeframe: Set the timeframe for a specific MTF MA.
Period: Set the lookback period for a specific MTF MA.
Type: Set the calculation type for a specific MTF MA. Options include: Exponential, Simple, Weighted, Volume-Weighted, and Hull.
Source Price: Set the source value used for a specific MTF MA's calculation.
Enable Cross Over Signals & Alerts: When enabled, cross-over chart signals (markers) and alerts are enabled for when this specific MTF MA crosses above its respective 'Cross Over Cross Source'.
Enable Cross Under Signals & Alerts: When enabled, cross-under chart signals (markers) and alerts are enabled for when this specific MTF MA crosses below its respective 'Cross Under Cross Source'.
Cross Source: Set the target plot which this specific MTF MA must cross (for either a cross-over or cross-under event) to trigger a chart signal and alert.
Marker Position: Set the position where this specific MTF MA's cross chart signal should appear. Options include: Above Bar, Below Bar, and On MA Line.
Coloring Method: Set the coloring method for this specific MA. The coloring method defines how the MA should be dynamically colored. Options include: Single Color, Increasing/Decreasing, and Over/Under Price.
Bullish Color: When 'Use a Color Theme' is disabled, this will set the 'bullish color' for this specific MTF MA.
Bearish Color: When 'Use a Color Theme' is disabled, this will set the 'bearish color' for this specific MTF MA.
Single Color: When the 'Coloring Method' is set to Single Color for this specific MA, this color option will set the MA's color.
Enable Label: When enabled, a label will show at the end of the chart displaying the timeframe, period, MA type, and current price value of this specific MTF MA.
Size: Sets the font size of this specific MTF MA's label.
Label Offset (in Bars): Sets the distance from the latest bar, in bars, at which this specific MTF MA's label is displayed.
Show Label Line: When enabled, this specific MTF MA's label will be accommodated by a dashed line connecting it to its plot.
๐ Chart:
The chart shown in this original publication displays the 15 minute chart on BTCUSDT. Displayed on the chart are 4 MTF MAs: the 15m 20 WMA, 30m 100 EMA, 1h 11 EMA, and 1D 7 VWMA - offering an exemplary view of how you can use these MTF MAs and crosses to your advantage in gauging trend relationships across multiple timeframes.
Staggered Exponential PullbacksIndicator Description: Staggered Exponential Pullbacks (Final)
Core Concept
This indicator is designed to dynamically track and visualize price pullbacks from a recent high. It serves as an intelligent alert system and a tool for visualizing potential support levels that follow a predefined, non-linear logic.
Instead of a fixed percentage interval, the indicator calculates the levels based on a fixed, exponentially increasing sequence of percentages. The distance between the levels increases as the price falls further. This models a strategy where larger price movements are tolerated as a pullback deepens before the next signal level is reached. The basis for this calculation is always the highest close of the last x candles.
Key Features
This indicator goes far beyond a simple calculation, offering a range of intelligent features for professional use:
Cascading, Fixed Levels: The levels are based on a fixed sequence of percentage distances (3.0%, 3.6%, 4.3%, etc.), where each new level is calculated from the previous level.
Persistent Support Levels ("Floors"): Once an alert level is breached, it transforms into a fixed support line ("floor"). This line will never move down, even if the market high subsequently drops.
Automatic Upward Adjustment: Established floors are automatically pulled upwards when the market shows new strength and makes higher highs. A once-reached -3% floor will therefore rise with the market.
Intelligent, Self-Cleaning Reset Logic: The indicator recognizes when a pullback sequence has ended and a new one has begun. "Ghost lines" from old, irrelevant price movements are automatically removed from the chart to ensure maximum clarity.
Cascade-Proof Alerts: Even during extremely fast sell-offs that break through multiple levels in a single candle, the indicator correctly captures every single level breach.
Customizable Visualization: All key parameters, such as the lookback period and the colors of the lines, can be easily adjusted in the settings.
Visual Elements on the Chart
The Orange Line (Highest Close): This is the reference line. It always shows the highest closing price within the defined lookback period and has a step-line shape.
The 'Floor' Lines (Default: Yellow): These are solid lines that indicate which percentage levels have already been breached in the current sequence. They function as established support levels.
The 'Next Due' Line (Default: Purple): This is a step-line that displays the next expected alert level. It moves dynamically with the calculation. As soon as the price crosses this line, an alert is triggered, and it transforms into a yellow "Floor" line.
Settings (Inputs)
Number of Candles (Lookback): Defines how many past candles are used to determine the highest closing price.
Displayed Alert Levels (Max 10): Determines the maximum number of levels the indicator will calculate and display.
Color of Floors: Allows you to freely choose the color for the solid, established support lines.
Color of Next Due Line: Allows you to freely choose the color for the next, untriggered alert line.
Setting Up Alerts (Important!)
Since the indicator uses dynamic alert messages, the alert must be set up as follows:
Add the indicator to the chart.
Click the clock icon ("Alert") in the top toolbar.
In the "Condition" field, select the name of this indicator: Staggered Exponential Pullbacks.
In the second dropdown menu, you must select the option "Any alert() function call".
Message: The message box can be left empty. The indicator automatically generates a detailed message (e.g., "Price Alert: Level 2 (3.6%) reached!").
Click "Create".
You only need one single alert to cover all 10 levels.
Important Disclaimer: Not Financial Advice
This indicator is purely a technical analysis tool for visualizing price movements. The displayed lines and triggered alerts do not constitute buy or sell recommendations and are not a form of financial or investment advice. They serve for informational and analytical purposes only.
Trading decisions based on the information from this indicator are made solely at your own risk and responsibility. The author and developer of this script assume no liability for any trading losses. Always conduct your own comprehensive analysis and, if necessary, consult a qualified financial advisor before making any trading decisions.
SMAs Ghost in the Machine v3SMAs Ghost in the Machine v3
Created by: MecarderoAurum
Overview
The "SMAs Ghost in the Machine" is a powerful multi-timeframe analysis tool designed for traders who want to align their entries and exits with the trend on several different chart periods simultaneously. At its core, the indicator plots the 9-period and 20-period Simple Moving Averages (SMAs) from up to three user-defined timeframes directly onto your active chart.
Its most powerful feature is the Combined Crossover Signal, which allows you to create highly specific, custom trading setups by defining conditions that must occur at the same time across any of the enabled timeframes. This eliminates guesswork and helps you visually confirm when your precise market conditions are met.
Important Note on Line Drawing
This indicator allows you to see trends of other timeframes. A specific design choice was made not to smooth the moving average lines. This is to ensure that the crossover signals appear on the exact candle where the cross occurs in real-time. Smoothing the lines can cause a delay and shift the signal to a later candle.
The side effect of this accuracy is that the lines will appear "stepped." As new data comes in on your current chart, you may need to refresh the chart to keep the higher timeframe lines updated. We are working on a solution to this.
Capabilities
Multi-Timeframe Analysis: Plot the 9 and 20 SMAs from three different timeframes (e.g., 1-minute, 5-minute, and 30-minute) on a single chart.
Individual Crossover Signals: Automatically plots a green triangle (โฒ) for a "Golden Cross" (9 SMA crosses above 20) and a red triangle (โผ) for a "Death Cross" (9 SMA crosses below 20) on each individual timeframe.
Combined Crossover Engine: Define a custom bullish or bearish signal by combining multiple events. The indicator will plot a green diamond (โ) for your bullish setup and a red diamond (โ) for your bearish setup when all specified conditions are met on the same candle.
Customizable Alerts: Create alerts for both the individual 9/20 SMA crosses and your custom Combined Crossover Signal to ensure you never miss a potential setup.
How to Use the Indicator
Basic Setup
Add the "SMAs Ghost in the Machine v3" indicator to your TradingView chart.
Open the indicator settings.
Under the Timeframe Settings, enable the timeframes you want to monitor and select the desired period for each (e.g., TF1: '1', TF2: '5', TF3: '30').
Configuring the Combined Crossover Signal
This is the core feature for defining your specific trading setups.
In the settings, go to the "Combined Crossover Signal" group and check the box to "Enable Combined Signal."
Decide if you are building a bullish (long) or bearish (short) setup.
Under the "Bullish Setup" or "Bearish Setup" sections, check the boxes for every event that must happen at the same time for your signal to trigger.
Example Bullish Setup:
Let's say your strategy is to go long when:
On the 1-minute chart (TF1), the price crosses above the 9 SMA.
AND, on the 5-minute chart (TF3), the price also crosses above its 9 SMA.
To configure this, you would check the following two boxes under the "Bullish Setup":
TF1: Price crosses above 9 SMA
TF3: Price crosses above 9 SMA
Now, a green diamond (โ) will only appear on your chart when both of those conditions are true on the exact same bar, giving you a precise entry signal.
Setting Up Alerts
Go to the "Alert Settings" tab in the indicator options.
Check the boxes for the alerts you want to enable (e.g., "Alert on TF1 SMA Cross," "Alert on Combined Signal").
Close the settings. Now, right-click on the chart and choose "Add alert."
In the "Condition" dropdown, select "SMA Ghosts v3."
A second dropdown will appear. Choose the specific event you want an alert for, such as Combined Bullish Signal or TF1 Golden Cross.
Configure the alert options as desired and click "Create."
Trading Strategies
Trend Confirmation: Use the indicator on a 1-minute chart with the 5-minute 9/20 SMA lines enabled to see the 5-minute trend. Only take 1-minute trades that are in the same direction as the 5-minute SMAs.
Multi-Flow Alignment: Keep track of bigger timeframes (like the 30-min or 4-hour) to also match your entries with longer-term market flows.
Avoid Flat Markets: Avoid taking trades when the SMA lines from multiple timeframes are flat or moving sideways, as this indicates a lack of clear trend.
Apex Edge - VantageApex Edge โ Vantage
Quarter-Wick Reversal System | Price Action Based | Non-Repainting | Visual Confirmation Tool
Overview:
Apex Edge โ Vantage is a precision price action indicator built to assist traders in identifying high-probability reversal entries โ not based on indicators, but on how candles behave at their extremes.
This tool implements a clean, repeatable framework that reflects how I personally trade:
Spot a candle that closes with strong directional intent,
Then wait for a controlled pullback into the outer quarter,
And strike โ only if price respects that line.
Thereโs no magic here โ just raw, tactical logic visualized clearly on your chart. It's not designed to predict the market โ it's built to respond when price offers you Vantage.
Core Logic:
Dot Detection โ Final Quarter Close Candles
A green dot prints below a bullish candle if it closes within the top 25% of its wick-to-wick range.
A red dot prints above a bearish candle if it closes within the bottom 25% of its range.
These dots signify candles that made a strong, deliberate move in one direction โ where price was pushed to an extreme and held that extreme into the close. These candles often signal institutional intent or momentum imbalance.
Entry Confirmation โ Controlled Wick Rebalance
On the very next candle only, price must wick into the prior dot candle's outer quarter โ but must not pass beyond it.
For buy entries, the wick must enter the bottom 25% of the previous green dot candle, but not dip below it.
For sell entries, the wick must reach into the top 25% of the red dot candle, but not exceed it.
This wick into the quarter is seen as a controlled rebalancing โ a tactical reaction back into the origin zone before potential continuation.
Arrow Printing โ Visual Entry Signal
Once the entry criteria are confirmed, an arrow is printed after the candle closes.
This arrow continues to print on each new candle as long as price does not violate the original entry zone โ giving visual confirmation that the trade thesis is still valid.
If price breaks above/below the quarter range, the arrow disappears.
This ongoing confirmation is useful for staying in trades, managing risk, or spotting failed setups early.
Automatic Stop Loss Level
A horizontal Stop Loss line is drawn from the extreme wick of the original dot candle.
For buy entries, SL is placed below the green dot candle's low.
For sell entries, SL is placed above the red dot candle's high.
This provides immediate risk context โ perfect for traders using limit orders or looking to scale in.
Coding Logic:
This script uses plotshape() and plot() functions for all visual elements.
Dot candles are identified using quarter-range logic via:
pinescript
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close >= high - (high - low) * 0.25 // for bullish
close <= low + (high - low) * 0.25 // for bearish
Entry validation logic triggers only on the next candle, using:
pinescript
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low >= quarterLine and low <= high // for buy entries
high <= quarterLine and high >= low // for sell entries
Arrows and SL lines are plotted only on closed candles, ensuring non-repainting behavior.
alertcondition() is used for real-time alerts on valid buy/sell triggers.
How I Personally Use It:
I wait for a dot to print โ this shows directional conviction.
On the next candle, I watch for a tap into the outer quarter.
If the wick meets the criteria and the candle closes, Iโll execute manually at the close of that candle.
As long as the arrow remains on the chart, I know the setup hasnโt been invalidated.
I combine this with market structure, session timing, and liquidity context to build confluence around each trade.
Alerts Included:
Buy Entry Alert: When a green arrow prints (entry confirmed)
Sell Entry Alert: When a red arrow prints (entry confirmed)
These fire once per confirmed signal, allowing you to react in real-time or automate if desired.
Who This Is For:
Manual traders who want clean price-based entries
Anyone who uses market structure, SMC, or liquidity concepts
Traders looking to replace indicators with pure candle logic
Discretionary or semi-systematic traders who want visual tools to guide their decisions
Final Word
Apex Edge โ Vantage doesnโt predict price โ it shows you where price is offering you control.
This is a surgical tool designed to help you act only when the market gives you a measurable edge โ and to stay in the trade as long as that edge holds.
If you're ready to stop chasing trades and start striking from a position of Vantage, then this tool belongs on your chart.
