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Trend Telescope v4 Basic Configuration pine // Enable only the components you need Order Flow: ON Delta Volume: ON Volume Profile: ON Cumulative Delta: ON Volatility Indicator: ON Momentum Direction: ON Volatility Compression: ON 📊 Component Breakdown 1. Order Flow Analysis Purpose: Identifies buying vs selling pressure Visual: Histogram (Green=Buying, Red=Selling) Calculation: Volume weighted by price position Usage: Spot institutional order blocks 2. Delta Volume Values Purpose: Shows volume imbalance Bull Volume (Green): Volume on up bars Bear Volume (Red): Volume on down bars Usage: Identify volume divergences 3. Anchored Volume Profile Purpose: Finds high-volume price levels POC (Point of Control): Price with highest volume Profile Length: Adjustable (default: 50 bars) Usage: Identify support/resistance zones 4. Cumulative Volume Delta Purpose: Tracks net buying/selling pressure over time Trend Analysis: Rising=Buying pressure, Falling=Selling pressure Divergence Detection: Price vs Delta divergences Usage: Confirm trend strength 5. Volatility Indicator Purpose: Measures market volatility with cycle detection Volatility Ratio: ATR as percentage of price Volatility Cycle: SMA of volatility (identifies periods) Histogram: Difference between current and average volatility Usage: Adjust position sizing, identify breakout setups 6. Real-time Momentum Direction Purpose: Multi-factor momentum assessment Components: Price momentum (50%), RSI momentum (30%), Volume momentum (20%) Visual: Line plot with color coding Labels: Clear BULLISH/BEARISH/NEUTRAL signals Usage: Trend confirmation, reversal detection 7. Volatility Compression Analysis Purpose: Identifies low-volatility consolidation periods Compression Detection: True Range below threshold Strength Meter: How compressed the market is Histogram: Red when compressed, Gray when normal Usage: Predict explosive moves, prepare for breakouts ⚙️ Advanced Configuration Optimal Settings for Different Timeframes pine // Scalping (1-15 min) Profile Length: 20 ATR Period: 10 Momentum Length: 8 Compression Threshold: 0.3 // Day Trading (1H-4H) Profile Length: 50 ATR Period: 14 Momentum Length: 14 Compression Threshold: 0.5 // Swing Trading (Daily) Profile Length: 100 ATR Period: 20 Momentum Length: 21 Compression Threshold: 0.7 Alert Setup Guide Enable "Enable Alerts" in settings Choose alert types: Momentum Alerts: When momentum changes direction Compression Alerts: When volatility compression begins Set alert frequency to "Once Per Bar" Configure notification preferences 🎯 Trading Strategies Strategy 1: Compression Breakout pine Entry Conditions: 1. Volatility Compression shows RED histogram 2. Cumulative Delta trending upward 3. Momentum turns BULLISH 4. Price breaks above POC level Exit: When Momentum turns BEARISH or Compression ends Strategy 2: Momentum Reversal pine Entry Conditions: 1. Strong Order Flow in opposite direction 2. Momentum divergence (price makes new high/low but momentum doesn't) 3. Volume confirms the reversal Exit: When Order Flow returns to trend direction Strategy 3: Institutional Accumulation pine Identification: 1. High Cumulative Delta but flat/sideways price 2. Consistent Order Flow in one direction 3. Volume Profile shows accumulation at specific levels Trade: Enter in direction of Order Flow when price breaks level 📈 Interpretation Guide Bullish Signals ✅ Order Flow consistently green ✅ Cumulative Delta making higher highs ✅ Momentum above zero and rising ✅ Bull Volume > Bear Volume ✅ Price above POC level Bearish Signals ✅ Order Flow consistently red ✅ Cumulative Delta making lower lows ✅ Momentum below zero and falling ✅ Bear Volume > Bull Volume ✅ Price below POC level Caution Signals ⚠️ Momentum divergence (price vs indicator) ⚠️ Volatility compression (potential big move coming) ⚠️ Mixed signals across components 🔧 Troubleshooting Common Issues & Solutions Problem: Indicators not showing Solution: Check "Show on Chart" is enabled Problem: Alerts not triggering Solution: Verify alert is enabled in both script and TradingView alert panel Problem: Performance issues Solution: Reduce number of enabled components or increase timeframe Problem: Volume Profile not updating Solution: Adjust Profile Length setting, ensure sufficient historical data Performance Optimization Disable unused components Increase chart timeframe Reduce historical bar count Use on lower timeframes with fewer indicators enabled 💡 Pro Tips Risk Management Use Volatility Indicator for position sizing Monitor Cumulative Delta for trend confirmation Use POC levels for stop-loss placement Multi-Timeframe Analysis Use higher timeframe for trend direction Use current timeframe for entry timing Correlate signals across timeframes Market Condition Adaptation Trending Markets: Focus on Momentum + Order Flow Ranging Markets: Focus on Volume Profile + Compression High Volatility: Use smaller position sizes Low Volatility: Prepare for compression breakouts 📚 Educational Resources Key Concepts to Master Volume-price relationships Market microstructure Institutional order flow Volatility regimes Momentum vs mean reversion Recommended Learning Path Start with Order Flow + Momentum only Add Volume Profile once comfortable Incorporate Volatility analysis Master multi-component correlation 🆘 Support Getting Help Check component toggles are enabled Verify sufficient historical data is loaded Test on major pairs/indices first Adjust settings for your trading style Continuous Improvement Backtest strategies thoroughly Keep a trading journal Adjust parameters based on market conditions Combine with price action analysis Remember: No indicator is perfect. Use this tool as part of a comprehensive trading plan with proper risk management. Always test strategies in demo accounts before live trading. Happy Trading! 📈
Penunjuk Pine Script®
oleh lohanineeraj
Inside SwingsOverview The Inside Swings indicator identifies and visualizes "inside swing" patterns in price action. These patterns occur when price creates a series of pivots that form overlapping ranges, indicating potential consolidation or reversal zones. What are Inside Swings? Inside swings are specific pivot patterns where: - HLHL Pattern: High-Low-High-Low sequence where the first high is higher than the second high, and the first low is lower than the second low - LHLH Pattern: Low-High-Low-High sequence where the first low is lower than the second low, and the first high is higher than the second high Here an Example These patterns create overlapping price ranges that often act as: - Support/Resistance zones - Consolidation areas - Potential reversal points - Breakout levels Levels From the Created Range Input Parameters Core Settings - Pivot Lookback Length (default: 5): Number of bars on each side to confirm a pivot high/low - Max Boxes (default: 100): Maximum number of patterns to display on chart Extension Settings - Extend Lines: Enable/disable line extensions - this extends the Extremes of the Swings to where a new Swing Started or Extended Right for the Latest Inside Swings - Show High 1 Line: Display first high/low extension line - Show High 2 Line: Display second high/low extension line - Show Low 1 Line: Display first low/high extension line - Show Low 2 Line: Display second low/high extension line Visual Customization Box Colors - HLHL Box Color: Color for HLHL pattern boxes (default: green) - HLHL Border Color: Border color for HLHL boxes - LHLH Box Color: Color for LHLH pattern boxes (default: red) - LHLH Border Color: Border color for LHLH boxes Line Colors - HLHL Line Color: Extension line color for HLHL patterns - LHLH Line Color: Extension line color for LHLH patterns - Line Width: Thickness of extension lines (1-5) Pattern Detection Logic HLHL Pattern (Bullish Inside Swing) Condition: High1 > High2 AND Low1 < Low2 Sequence: High → Low → High → Low Visual: Two overlapping boxes with first range encompassing second Detection Criteria: 1. Last 4 pivots form High-Low-High-Low sequence 2. Fourth pivot (first high) > Second pivot (second high) 3. Third pivot (first low) < Last pivot (second low) LHLH Pattern (Bearish Inside Swing) Condition: Low1 < Low2 AND High1 > High2 Sequence: Low → High → Low → High Visual: Two overlapping boxes with first range encompassing second Detection Criteria: 1. Last 4 pivots form Low-High-Low-High sequence 2. Fourth pivot (first low) < Second pivot (second low) 3. Third pivot (first high) > Last pivot (second high) Visual Elements Boxes - Box 1: Spans from first pivot to last pivot (larger range) - Box 2: Spans from third pivot to last pivot (smaller range) - Overlap: The intersection of both boxes represents the inside swing zone Extension Lines - High 1 Line: Horizontal line at first high/low level - High 2 Line: Horizontal line at second high/low level - Low 1 Line: Horizontal line at first low/high level - Low 2 Line: Horizontal line at second low/high level Line Extension Behavior - Historical Patterns: Lines extend until the next pattern starts - Latest Pattern: Lines extend to the right edge of chart - Dynamic Updates: All lines are redrawn on each bar for accuracy Trading Applications Support/Resistance Levels Inside swing levels often act as: - Dynamic support/resistance - Breakout confirmation levels - Reversal entry points Pattern Interpretation - HLHL Patterns: Potential bullish continuation or reversal - LHLH Patterns: Potential bearish continuation or reversal - Overlap Zone: Key area for price interaction Entry Strategies 1. Breakout Strategy: Enter on break above/below inside swing levels 2. Reversal Strategy: Enter on bounce from inside swing levels 3. Range Trading: Trade between inside swing levels Technical Implementation Data Structures type InsideSwing int startBar // First pivot bar int endBar // Last pivot bar string patternType // "HLHL" or "LHLH" float high1 // First high/low float low1 // First low/high float high2 // Second high/low float low2 // Second low/high box box1 // First box box box2 // Second box line high1Line // High 1 extension line line high2Line // High 2 extension line line low1Line // Low 1 extension line line low2Line // Low 2 extension line bool isLatest // Latest pattern flag Memory Management - Pattern Storage: Array-based storage with automatic cleanup - Pivot Tracking: Maintains last 4 pivots for pattern detection - Resource Cleanup: Automatically removes oldest patterns when limit exceeded Performance Optimization - Duplicate Prevention: Checks for existing patterns before creation - Efficient Redraw: Only redraws lines when necessary - Memory Limits: Configurable maximum pattern count Usage Tips Best Practices 1. Combine with Volume: Use volume confirmation for breakouts 2. Multiple Timeframes: Check higher timeframes for context 3. Risk Management: Set stops beyond inside swing levels 4. Pattern Validation: Wait for confirmation before entering Common Scenarios - Consolidation Breakouts: Inside swings often precede significant moves - Reversal Zones: Failed breakouts at inside swing levels - Trend Continuation: Inside swings in trending markets Limitations - Lagging Indicator: Patterns form after completion - False Signals: Not all inside swings lead to significant moves - Market Dependent: Effectiveness varies by market conditions Customization Options Visual Adjustments - Modify colors for different market conditions - Adjust line widths for visibility - Enable/disable specific elements Detection Sensitivity - Increase pivot length for smoother patterns - Decrease for more sensitive detection - Balance between noise and signal Display Management - Control maximum pattern count - Adjust cleanup frequency - Manage memory usage Conclusion The Inside Swings indicator provides a systematic approach to identifying consolidation and potential reversal zones in price action. By visualizing overlapping pivot ranges The indicator's strength lies in its ability to: - Identify key price levels automatically - Provide visual context for market structure - Offer flexible customization options - Maintain performance through efficient memory management
Penunjuk Pine Script®
oleh mindyourbuisness
4
5/15-Min-ORB-Trend-Finder-WiPIndicator Features: > "Open" flag for each market day. > Toggleable 5-min and 15-min High/Low markings. > Horizontal support (red) and resistance (blue) lines. > EMA-based trend line: green for long/buy, purple for short/sell. > Recommended to use with my other indicator: Buy-or-Sell-WiP. Strategy: > Use with 1-min chart with 5-min High/Low or 5-min chart with 15-min High/Low > After a breakout, wait for confirmation before placing a trade, which is: - Two confirming candles (green for long/buy, red for short/sell) and - Buy-or-Sell-WiP histogram: green for long/buy, red for short/sell
Penunjuk Pine Script®
oleh robsutton374
Dammu AI ADVANCED PRO1. Indicator Overview Name: Dammu Type: Overlay indicator (draws on price chart) Purpose: Combines SuperTrend, SMA/EMA trends, Swing/Structure analysis, Order Blocks, Fair Value Gaps, High/Low levels, TP/SL labels, and alerts. Pine Script Version: v5 2. SuperTrend Module Computes SuperTrend line using ATR and sensitivity. Signals: Bullish: Price crosses above SuperTrend. Bearish: Price crosses below SuperTrend. Plots buy/sell labels 🚀🐻 based on SMA comparison and SuperTrend cross. 3. SMA/EMA Trend Components SMA8 & SMA9: Used for additional trend confirmation. EMA lines: Multiple EMAs with different multipliers for trend detection. Trend Cloud: Uses Hull MA for trend smoothing. 4. Risk Management TP/SL Levels: Automatic calculation of stop-loss and take-profit (TP1, TP2, TP3). Configurable ATR-based risk percentage. Lines and labels drawn for visual TP/SL. 5. Chart Features Smooth Range Filter: Filters noise for trend detection. Colored Trend Cloud: Upward trend = cyan, downward = red. Sideways Market: ADX filter to color bars purple if trend is weak/sideways. Bar Colors: Green/red based on SuperTrend signals. 6. Swing & Structure Analysis Detects Swing Highs/Lows, labels as HH, LH, LL, HL. Detects CHoCH (Change of Character) or BOS (Break of Structure). Can show internal or swing structures with configurable label size and color. 7. Order Blocks (Smart Money Concepts) Detects Internal Order Blocks (iOB) and Swing Order Blocks (OB). Stores top/bottom/left/time/type in arrays. Colors and shows boxes based on bullish/bearish type. Automatically deletes OB if price breaks the block. 8. Fair Value Gaps (FVG) Identifies gaps between candles as potential trading zones. Configurable bullish/bearish colors and extension bars. 9. EQH/EQL (Equal Highs/Lows) Detects equal highs/lows using a threshold. Plots dotted lines and labels EQH/EQL. 10. High/Low Levels MTF Optional plotting of previous daily, weekly, monthly highs/lows. 11. Premium/Discount Zones Plots Premium, Discount, and Equilibrium Zones. Colors: Premium = red, Discount = green, Equilibrium = gray. 12. Alerts Buy/Sell alerts for: SuperTrend crossover BOS/CHoCH (swing/internal) EQH/EQL triggers 13. Miscellaneous Configurable visuals: line style, label size, transparency. Adjustable volatility filters, ATR lengths, smoothing constants. Integrated risk & reward visualization. ✅ In short: This is an all-in-one Smart Money + Trend indicator with SuperTrend signals, swing/structure detection, order blocks, FVGs, EQH/EQL, TP/SL visualization, and optional alerts. It’s designed for both trend-following and order-block-based trading. If you want, I can make a super-short 1-paragraph version that summarizes it even faster for quick reference.
Penunjuk Pine Script®
oleh dammucool
Swing AURORA v4.0 — Refined Trend Signals### Swing Algo v4.0 — Refined Trend Signals #### Overview Swing Algo v4.0 is an advanced technical indicator designed for TradingView, built to detect trend changes and provide actionable buy/sell signals in various market conditions. It combines multiple technical elements like moving averages, ADX for trend strength, Stochastic RSI for timing, and RSI divergence for confirmation, all while adapting to different timeframes through auto-tuning. This indicator overlays on your chart, highlighting trend regimes with background colors, displaying buy/sell labels (including "strong" variants), and offering early "potential" signals for proactive trading decisions. It's suitable for swing trading, trend following, or as a filter for other strategies across forex, stocks, crypto, and other assets. #### Purpose The primary goal of Swing Algo v4.0 is to help traders identify high-probability trend reversals and continuations early, reducing noise and false signals. It aims to provide clear, non-repainting signals that align with market structure, volatility, and momentum. By incorporating filters like higher timeframe (HTF) alignment, bias EMAs, and divergence, it refines entries for better accuracy. The indicator emphasizes balanced performance across aggressive, balanced, and conservative modes, making it versatile for both novice and experienced traders seeking to optimize their decision-making process. #### What It Indicates - **Trend Regimes (Background Coloring)**: The chart background changes color to reflect the current market regime: - **Green (Intense for strong uptrends, faded when cooling)**: Indicates bullish trends where price is above the baseline and EMAs are aligned upward. - **Red/Maroon (Intense maroon for strong downtrends, faded red when cooling)**: Signals bearish trends with price below the baseline and downward EMA alignment. - **Faded Yellow**: Marks "no-trade" zones or potential trend changes, where conditions are choppy, weak, or neutral (e.g., low ADX, near baseline, or low volatility). - **Buy/Sell Signals**: Labels appear on the chart for confirmed entries: - "BUY" or "STRONG BUY" for bullish signals (strong variants require higher scores and optional divergence). - "SELL" or "STRONG SELL" for bearish signals. - **Potential Signals**: Early warnings like "Potential BUY" or "Potential SELL" appear before full confirmation, allowing traders to anticipate moves (confirmed after a few bars based on the trigger window). - **Divergence Marks**: Small "DIV↑" (bullish) or "DIV↓" (bearish) labels highlight RSI divergences on pivots, adding confluence for strong signals. - **Lines**: Optional plots for baseline (teal), EMA13/21 (lime/red based on crossover), providing visual trend context. Signals are anchored either to the current bar or confirmed pivots, ensuring alignment with price action. The indicator avoids repainting by confirming on close if enabled. #### Key Parameters and Customization Swing Algo v4.0 offers minimal yet efficient parameters for fine-tuning, with defaults optimized for common use cases. Most can be auto-tuned based on timeframe for simplicity: - **Confirm on Close (no repaint)**: Boolean (default: true) – Ensures signals don't repaint by waiting for bar confirmation. - **Auto-tune by Timeframe**: Boolean (default: true) – Automatically adjusts lengths and sensitivity for 5-15m, 30-60m, 2-4h, or higher frames. - **Mode**: String (options: Aggressive, Balanced , Conservative) – Controls signal thresholds; Aggressive for more signals, Conservative for fewer but higher-quality ones. - **Signal Anchor**: String (options: Pivot (divLB) , Current bar) – Places labels on confirmed pivots or the current bar. - **Trigger Window (bars)**: Integer (default: 3) – Window for signal timing; auto-tuned if enabled. - **Baseline Type**: String (options: HMA , EMA, ALMA) – Core trend line; lengths auto-tune (e.g., 55 for short frames). - **Use Bias EMA Filter**: Boolean (default: false) – Adds a long-term EMA for trend bias. - **Use HTF Filter**: Boolean (default: false) – Aligns with higher timeframe (auto or manual like 60m, 240m, D); override for stricter scoring. - **Sensitivity (10–90)**: Integer (default: 55) – Adjusts ADX threshold for trend detection; higher = more sensitive. - **Use RSI-Stoch Trigger**: Boolean (default: true) – Enables Stochastic RSI for entry timing; customizable lengths, smooths, and levels. - **Use RSI Divergence for STRONG**: Boolean (default: true) – Requires divergence for strong signals; pivot lookback (default: 5). - **Visual Options**: Booleans for background regime, labels, divergence marks, and lines (all default: true). These parameters are grouped for ease, with tooltips in TradingView for quick reference. Start with defaults and tweak based on backtesting. #### How It Works At its core, Swing Algo v4.0 calculates a baseline (e.g., HMA) to define the trend direction. It then scores potential buys/sells using factors like: - **Trend Strength**: ADX above a dynamic threshold, combined with EMA crossovers (13/21) and slope analysis. - **Volatility/Volume**: Bollinger/Keltner squeeze exits, volume z-score, and ATR filters to avoid choppy markets. - **Timing**: Stochastic RSI crossovers or micro-timing via DEMA/TEMA for precise entries. - **Filters**: Bias EMA, HTF alignment, gap from baseline, and no-trade zones (weak ADX, near baseline, low vol). - **Divergence**: RSI pivots confirm strong signals. - **Scoring**: Buy/sell scores (min 3-5 based on mode) trigger labels only when all gates pass, with early "potential" detection for foresight. The algorithm processes these in real-time, auto-adapting to timeframe for efficiency. Signals flip only on direction changes to prevent over-trading. For best results, use on liquid assets and combine with risk management. #### Disclaimer This indicator is for educational and informational purposes only and does not constitute financial advice, investment recommendations, or trading signals. Trading involves significant risk of loss and is not suitable for all investors. Past performance is not indicative of future results. Always backtest the indicator on your preferred assets and timeframes, and consult a qualified financial advisor before making any trading decisions. The author assumes no liability for any losses incurred from using this script. Use at your own risk.
Penunjuk Pine Script®
oleh Bogdan_TOMOIAGA
1
MarketMonkey-Indicator-Set-6 Support & Resistance v3.0 colorsMarketMonkey-Indicator-Set-6 Support & Resistance v3.0 colors Automatically detects and plots up to four recent support and resistance levels using pivot highs and lows. Lines update dynamically with adaptive colours, highlighting key price zones in real time. Optional R1–R4 and S1–S4 labels keep charts clean yet informative. Ideal for identifying trend reversals, breakout points, and areas where buyers or sellers are likely to act. ________________________________________ 🔍 What It Does The script uses pivot highs and pivot lows to detect recent swing points — the moments where price has clearly turned. • Resistance levels are drawn at recent pivot highs (red lines). • Support levels are drawn at recent pivot lows (blue lines). • Each level automatically updates as new price data forms, keeping your analysis current. The indicator displays up to four recent resistance and support levels on each side (R1–R4, S1–S4), with labels and colours that adapt to whether the line is above or below current price. ________________________________________ 🎨 Features • Dynamic Detection: Automatically identifies and updates support and resistance using pivot logic. • Multi-Level Display: Shows up to four most recent highs and lows for a broader market view. • Customisable Inputs: Adjust the number of bars used to confirm pivots and control how many levels are displayed. • Colour-Coded Clarity: o Resistance lines = soft red tone (indicating potential ceiling levels). o Support lines = soft blue tone (indicating price floors). • Optional Labels: Toggle on/off “R1–R4” and “S1–S4” tags for quick reference. • Strong Level Highlighting: The nearest (most recent) levels are drawn thicker for emphasis.
Penunjuk Pine Script®
oleh Market_Monkey_AU
ICT Anchored Market Structures with Validation [LuxAlgo]The ICT Anchored Market Structures with Validation indicator is an advanced iteration of the original Pure-Price-Action-Structures tool, designed for price action traders. It systematically tracks and validates key price action structures, distinguishing between true structural shifts/breaks and short-term sweeps to enhance trend and reversal analysis. The indicator automatically highlights structural points, confirms breakouts, identifies sweeps, and provides clear visual cues for short-term, intermediate-term, and long-term market structures. A distinctive feature of this indicator is its exclusive reliance on price patterns. It does not depend on any user-defined input, ensuring that its analysis remains robust, objective, and uninfluenced by user bias, making it an effective tool for understanding market dynamics. 🔶 USAGE Market structure is a cornerstone of price action analysis. This script automatically detects real-time market structures across short-term, intermediate-term, and long-term levels, simplifying trend analysis for traders. It assists in identifying both trend reversals and continuations with greater clarity. Market structure shifts and breaks help traders identify changes in trend direction. A shift signals a potential reversal, often occurring when a swing high or low is breached, suggesting a transition in trend. A break, on the other hand, confirms the continuation of an established trend, reinforcing the current direction. Recognizing these shifts and breaks allows traders to anticipate price movement with greater accuracy. It’s important to note that while a CHoCH may signal a potential trend reversal and a BoS suggests a continuation of the prevailing trend, neither guarantees a complete reversal or continuation. In some cases, CHoCH and BoS levels may act as liquidity zones or areas of consolidation rather than indicating a clear shift or continuation in market direction. The indicator’s validation component helps confirm whether the detected CHoCH and BoS are true breakouts or merely liquidity sweeps. 🔶 DETAILS 🔹 Market Structures Market structures are derived from price action analysis, focusing on identifying key levels and patterns in the market. Swing point detection, a fundamental concept in ICT trading methodologies and teachings, plays a central role in this approach. Swing points are automatically identified based exclusively on market movements, without requiring any user-defined input. 🔹 Utilizing Swing Points Swing points are not identified in real-time as they form. Short-term swing points may appear with a delay of up to one bar, while the identification of intermediate and long-term swing points is entirely dependent on subsequent market movements. Importantly, this detection process is not influenced by any user-defined input, relying solely on pure price action. As a result, swing points are generally not intended for real-time trading scenarios. Instead, traders often analyze historical swing points to understand market trends and identify potential entry and exit opportunities. By examining swing highs and lows, traders can: Recognize Trends: Swing highs and lows provide insight into trend direction. Higher swing highs and higher swing lows signify an uptrend, while lower swing highs and lower swing lows indicate a downtrend. Identify Support and Resistance Levels: Swing highs often act as resistance levels, referred to as Buyside Liquidity Levels in ICT terminology, while swing lows function as support levels, also known as Sellside Liquidity Levels. Traders can leverage these levels to plan their trade entries and exits. Spot Reversal Patterns: Swing points can form key reversal patterns, such as double tops or bottoms, head and shoulders, and triangles. Recognizing these patterns can indicate potential trend reversals, enabling traders to adjust their strategies effectively. Set Stop Loss and Take Profit Levels: In ICT teachings, swing levels represent price points with expected clusters of buy or sell orders. Traders can target these liquidity levels/pools for position accumulation or distribution, using swing points to define stop loss and take profit levels in their trades. Overall, swing points provide valuable information about market dynamics and can assist traders in making more informed trading decisions. 🔹 Logic of Validation The validation process in this script determines whether a detected market structure shift or break represents a confirmed breakout or a sweep. The breakout is confirmed when the close price is significantly outside the deviation range of the last detected structural price. This deviation range is defined by the 17-period Average True Range (ATR), which creates a buffer around the detected market structure shift or break. A sweep occurs when the price breaches the structural level within the deviation range but does not confirm a breakout. In this case, the label is updated to 'SWEEP.' A visual box is created to represent the price range where the breakout or sweep occurs. If the validation process continues, the box is updated. This box visually highlights the price range involved in a sweep, helping traders identify liquidity events on the chart. 🔶 SETTINGS The settings for Short-Term, Intermediate-Term, and Long-Term Structures are organized into groups, allowing users to customize swing points, market structures, and visual styles for each. 🔹 Structures Swings and Size: Enables or disables the display of swing highs and lows, assigns icons to represent the structures, and adjusts the size of the icons. Market Structures: Toggles the visibility of market structure lines. Market Structure Validation: Enable or disable validation to distinguish true breakouts from liquidity sweeps. Market Structure Labels: Displays or hides labels indicating the type of market structure. Line Style and Width: Allows customization of the style and width of the lines representing market structures. Swing and Line Colors: Provides options to adjust the colors of swing icons, market structure lines, and labels for better visualization. 🔶 RELATED SCRIPTS Pure-Price-Action-Structures. Market-Structures-(Intrabar).
Penunjuk Pine Script®
oleh LuxAlgo
11
Zark CRT Line/Marker Color & Style Meaning Previous Candle CRT Green (bullish) / Red (bearish) solid line Sweep confirmed on the previous candle Current Candle CRT Green (bullish) / Red (bearish) dashed line Sweep currently happening on the current candle Higher Timeframe CRT Orange dotted line Sweep from higher timeframe shown on lower timeframe chart Target Line Blue dashed line Opposite side of liquidity for potential price target Breaker Confirmed Aqua solid line (over previous/current CRT) Sweep confirmed with a break of a small swing CRT Invalidated Gray line Sweep no longer valid (price closed beyond sweep level) Full-Height HTF Divider Yellow vertical line Marks each higher timeframe bar for visual separation Labels White text on colored background Shows type (Prev/Curr/HTF) and exact price
Penunjuk Pine Script®
oleh Alexubc323
Larry Williams Bonus Track PatternThis strategy trades the day immediately following an Inside Day, under specific directional and timing conditions. It is designed for daily-based setups but executed on intraday charts to ensure orders are placed exactly at the open of the following day, rather than at the daily bar close. Entry Conditions Only trades on Monday, Thursday, or Friday. The previous day must be an Inside Day (its high is lower than the prior high and its low is higher than the prior low). The bar before the Inside Day must be bullish (close > open). On the following day (t): The daily open must be below both the Inside Day’s high and the highest high of the two days before that. A buy stop is placed at the highest high of the three previous days (Inside Day and the two days before it). If the new day’s open is already above that level (gap up), the strategy enters long immediately at the open. Exit Rules Stop Loss: Fixed, defined in points or percentage (user input). FPO (First Profitable Open): the position is closed at the first daily open after the entry day where the open price is above the average entry price (the first profitable open). Notes The script must be applied on an intraday timeframe (e.g., 15-minute or 1-hour) so that the strategy can: Detect the Inside Day pattern using daily data (request.security). Execute orders in real time at the next day’s open. Running it directly on the daily timeframe will delay executions by one bar due to Pine Script’s evaluation model.
Strategi Pine Script®
oleh xtradernet
Retracement FiboNacci🎯 Core Functionality Automatic Swing Detection: Uses ZigZag algorithm to detect significant price swings Dual Modes: Fibonacci Retracements - Traditional price-based levels Fibonacci Time Zones - Time-based projections Multi-Timeframe Analysis: Works on any timeframe while detecting swings from higher timeframes ⚙️ Customization Options Fibonacci Levels: Fully customizable Fibonacci levels (0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%) Individual color selection for each level Toggle on/off specific levels as needed Display Settings: Line Styling: Choose between Solid, Dashed, or Dotted lines Line Thickness: Adjustable from 1 to 5 pixels ZigZag Visibility: Toggle base ZigZag line display Label Management: Fibonacci Labels: Show percentage retracement levels Price Labels: Display actual price values Flexible Positioning: Left, Right, Both sides, or Auto-centering Independent control for Fib and Price labels Option to hide labels completely 🔧 Technical Specifications ZigZag Parameters: Depth: 12 bars Deviation: 1% Backstep: 2 bars Real-time Updates: Automatically redraws when new swings are detected Clean Interface: Removes old drawings to prevent chart clutter Usage Scenarios 📈 Trend Analysis Identify retracement levels during pullbacks Spot potential reversal zones at key Fibonacci levels Measure swing magnitudes for position sizing ⏰ Time Projections Use Time Zone mode for forecasting potential reversal times Combine price and time analysis for confluence 🎨 Visual Customization Color-code important levels (e.g., 61.8% as golden ratio) Adjust label sizes for better readability Choose line styles that complement your chart setup Ideal For Swing traders identifying entry/exit points Position traders finding optimal accumulation zones Technical analysts validating support/resistance levels Multi-timeframe analysts correlating higher timeframe structure Pro Tips Combine with Volume: Confirm reactions at Fibonacci levels with volume spikes Multiple Timeframes: Use higher timeframe Fibonacci levels for major S/R Confluence Trading: Look for Fibonacci levels aligning with previous support/resistance Risk Management: Use Fibonacci extensions for profit targets
Penunjuk Pine Script®
oleh titakunna_tk
369 Candle Highlighter - Customizable. [V1]The final 3/6/9 Candle Highlighter is a TradingView indicator that scans each candle’s time in a user-selected timezone, calculates the sum of all digits in the hour and minute, reduces that sum to a single digit, and highlights the candle in a chosen color with customizable transparency whenever the result equals 3, 6, or 9. Users can select their timezone, pick the highlight color, adjust transparency, enable optional tiny wicks above or below the candle, turn on alerts with custom messages for each number, and activate a debug mode that shows the reduced digit and candle time. This ensures that only the correctly calculated 3/6/9 candles are visually marked on the chart while allowing full customization for aesthetics, performance, and alerting preferences.
Penunjuk Pine Script®
oleh liamtrask
1
Round Numbers (Plotter) v2The *Round Numbers (Plotter) v2* indicator highlights key psychological price levels on the chart — the so-called *round numbers* (e.g. 1.1000 on EURUSD or23,000 on NASDAQ). These levels often act as **natural support or resistance zones**, where price tends to react, consolidate, or reverse. Version 2 introduces the concept of **gravitational zones**, which define a price range surrounding each round level — visualizing how price “gravitates” around these equilibrium areas. --- ### 🧩 **Main Features** * 🔹 **Dynamic round levels:** plotted automatically based on user-defined *step size* (in points or pips). * 🔹 **Custom step mode:** switch between “Points” (for indices, commodities, crypto) and “Pips” (for Forex pairs). * 🔹 **Configurable appearance:** color, width, and line style (solid, dashed, dotted). * 🔹 **Gravitation zones:** optional secondary lines plotted above and below each round level. * Distance adjustable as a **percentage of the step size** (default = 25%). * Help visualize “magnet areas” where price tends to slow down or oscillate before crossing a level. * 🔹 **Optional fill:** softly shaded area between the upper and lower gravitation lines for clearer visualization of each zone. * You can enable or disable this with the *“Show gravitation fill”* toggle. * Fill color and transparency fully customizable. --- ### 📈 **Use Cases** * Identify **psychological support/resistance** levels on any instrument or timeframe. * Observe **market equilibrium zones** where price tends to cluster or hesitate before continuing. * Combine with oscillators or volume indicators to confirm reaction strength near round numbers. * Use the **gravitational zones** to refine stop-loss or take-profit placement near high-impact levels. --- ### 💡 **Notes** * The indicator does **not repaint** and updates levels dynamically based on the latest price. * Works on all asset classes: **Forex, Indices, Crypto, Commodities, Stocks.** * Designed to be **lightweight** — no accumulation of historical objects. * Combine this with *Round Number Analyzer* for complete analysis of round numbers level
Penunjuk Pine Script®
oleh steviatrades
HTF & PD/PM LevelsTired of mapping your own levels every morning? Look no further! This script automatically maps out and updates HTF & PD/PM Levels along with ATH. I personally use these as confirmation zones with EMA & VWAP, RSI, and Volume... but alone, these levels mark major support and resistances. What are they? 🏰 HTF Levels — “Big Grown-Up Lines” HTF = Higher Time Frame Think of your price chart like a big map. HTF levels are the important lines from bigger chunks of time: >Daily (yesterday’s close, high, low) >Weekly (this week’s open, high, low, close) >Monthly (this month’s open/close) Why they matter: These are like big walls and floors that price often bounces off or stops at. Big traders (institutions) watch them because they show where a lot of buying or selling happened before. ⏰ PD & PM Levels — “Yesterday & Morning Clues” PD = Previous Day >PDH = Previous Day’s High >PDL = Previous Day’s Low >PDC = Previous Day’s Close PM = Pre-Market >PMH = Pre-Market High >PML = Pre-Market Low >ATH = All-Time High Why they matter: These tell you where price moved when most regular traders weren’t awake yet (pre-market) and where it ended up yesterday. Price often revisits or reacts to these spots. ⚡ How Options Traders Use Them Support & Resistance: If price is near an HTF or PD/PM level, it might stop and turn around there (like a ball hitting a wall) or it might use it as a launchpad to the next level if it breaks. Entry & Exit Spots: Traders might buy calls (bet price goes up) if it breaks above an important level, or puts (bet price goes down) if it breaks below. Risk Management: These levels give clear spots to set stops and targets — “If price breaks this level, I’m out.” Super Simple Picture: HTF = big important levels from days, weeks, months. PD/PM = yesterday’s and morning’s clues where price already moved. Traders use them to guess where price might bounce or break to plan option trades safely.
Penunjuk Pine Script®
oleh gyngergod
XAUUSD/SPX with SMA(48)📊 Gold vs S&P 500 | XAUUSD/SPX Ratio with SMA (48) – Full Pine Script Breakdown In this video, we build and explain a custom Pine Script that plots the Gold to S&P 500 ratio (XAUUSD/SPX) along with a 48-period Simple Moving Average (SMA). This ratio helps us analyze how Gold is performing against equities and whether smart money is shifting from risk assets (stocks) to safe haven (gold). 🔧 What’s Included in the Script: ✅ Live ratio of XAUUSD (Gold) / SPX (S&P 500) ✅ 48-period SMA for trend analysis ✅ Clean visual chart in a separate pane ✅ Pine Script v5 compatible 🧠 Why This Matters: Tracking the XAUUSD/SPX ratio gives deeper insight into macro trends, inflation hedge behavior, and market sentiment. A rising ratio can signal weakness in equities and strength in precious metals — a key trend for long-term investors and macro traders.
Penunjuk Pine Script®
oleh RKF-Trader
ES/NQ Price Action Sync See when ES & NQ move in syncSee when ES & NQ move in sync — revealing real market momentum at a glance.” ⚖️ ES/NQ Price Action Sync Discover when the market moves as one. This indicator tracks when S&P 500 Futures (ES1!) and Nasdaq Futures (NQ1!) align in momentum — helping you spot broad-market confirmation or early divergence in real time. 🧠 Concept The ES/NQ relationship often reveals the market’s underlying strength or hesitation. When both indices turn bullish or bearish together with meaningful movement, that’s a sign of true market alignment. When they disagree — expect mixed momentum and possible reversals. ⚙️ Features ✅ Highlights new bullish and bearish syncs on chart ✅ Dynamic info table showing % change and direction for each index ✅ Optional triangle markers for clean visual cues ✅ Alert conditions for new sync events ✅ Adjustable lookback and minimum-move filters 💡 How to Use Use this as a market-context tool, not a direct buy/sell signal. When both indices sync, intraday trends often hold better; when they diverge, momentum may fade. Combine it with your own system or higher-time-frame analysis for confirmation. 📊 Why Traders Love It Simple idea — powerful insight. This tool helps traders instantly see when “the market machine” is running in harmony… or pulling in opposite directions. ⚠️ Disclaimer: This script is for educational and analytical purposes only. It does not provide financial advice or trading signals. Always perform your own research before making trading decisions.
Penunjuk Pine Script®
oleh profitgang
High Time Frame (HTF) Swing PointsIdentify and display swing highs and lows across multiple higher timeframes on a chart, overlaying horizontal lines and customizable labels at these swing points. Timeframes Five user-defined higher timeframes (default settings: 5-minute, 15-minute, 1-hour, 4-hour, and daily) Manually show/hide individual timeframes When chart’s timeframe is set higher than one of the five configured, the indicator will automatically hide it. This helps to prevent clutter when navigating between timeframes on the chart Swing Levels Configure the line color, opacity, width and weather it’s solid/dotted/dashed Once swing levels are identified, the indicator will look for the chart candle where the line starts When price crosses the swing level, the line will be terminated Tags Customize the tag text for each individual timeframe, using blank if a tag is not desired for that timeframe A tag text color can be set for all tags or base it on the line color Set tag text size based on: Auto, Tiny, Small, Normal, Large Choose how far to the right of the line the tag text should appear, as an integer representing the size of a candle Choose to clear the tag or leave it in place after price crosses a swing level Use Cases Visualize key swing points from higher timeframes to identify potential reversal or breakout zones Identify possible low resistance liquidity run (LRLR) areas Use swing points for stop placement or as targets or draws on liquidity
Penunjuk Pine Script®
oleh WittyMathGuy
1
US Government Shutdowns – Full History (with durations)이 지표는 1976년 이후 실제로 정부 기능이 중단된 모든 미국 정부 셧다운 기간을 시각화합니다. S&P500 또는 지정한 심볼 차트 위에 각 셧다운 구간을 세로선과 음영 박스로 표시하고, 각 기간의 지속일수(일) 라벨을 함께 제공합니다. 데이터 출처: 미국 하원 공식 기록 (U.S. House History – Funding Gaps and Shutdowns in the Federal Government) 기능 • 모든 셧다운 구간 자동 표시 • 음영/세로선/라벨 개별 On-Off 가능 • 진행 중인 셧다운은 자동으로 ‘현재 시점까지’ 확장 표시 시장 변동성 분석, 정책 이벤트 리스크 평가, 장기 매크로 백테스트 등에 유용합니다. This indicator visualizes all official US government shutdown periods since 1976 directly on any selected chart (default: S&P 500). Each shutdown period is shown with vertical lines and shaded boxes, along with labels indicating the duration in days. Data Source: U.S. House History – Funding Gaps and Shutdowns in the Federal Government Features: • Displays every historical shutdown automatically • Optional shading, lines, and duration labels • Ongoing shutdowns dynamically extend to the current date Useful for analyzing volatility around fiscal policy events and long-term macro correlations.
Penunjuk Pine Script®
oleh Tommy_Trader
Chart-prepFxxDanny Chart-Prep A practical multi-tool script for clean and structured chart preparation. ✨ Features Weekly Close Levels Automatically plots the previous week’s close and the week before that, with clear styling to distinguish current and past levels. Trading Sessions Colored session boxes for the three key market sessions: Asia (20:00–23:00 UTC-4) Europe (02:00–05:00 UTC-4) New York (08:00–11:00 UTC-4) Each session box automatically adapts to the session’s high/low range and only keeps the last 5 visible to avoid clutter. Previous Day’s High & Low Plots the prior day’s high and low with lines that extend into the current session. Up to 10 days are kept on the chart. Daily & Weekly Separators Vertical lines to visually separate days (dotted) and weeks (solid, colored). Anchored to a rolling price window so the Y-axis scaling stays clean and unaffected. ✅ Benefits Stay focused with key price levels and session ranges marked automatically. No need for manual drawing or constant adjustments. Optimized performance – old objects are automatically removed. No axis distortion from “infinite” lines or boxes.
Penunjuk Pine Script®
oleh FxxDanny
Regular Trading Hours Opening Range Gap (RTH ORG)### Regular Trading Hours (RTH) Gap Indicator with Quartile Levels **Overview** Discover overnight gaps in index futures like ES, YM, and NQ, or stocks like SPY, with this enhanced Pine Script v6 indicator. It visualizes the critical gap between the previous RTH close (4:15 PM ET for futures, 4:00 PM for SPY) and the next RTH open (9:30 AM ET), helping traders spot potential price sensitivity formed during after-hours trading. **Key Features** - **Standard Gap Boxes**: Semi-transparent boxes highlight the gap range, with optional text labels showing day-of-week and "RTH" identifier. - **Midpoint Line**: A customizable dashed line at the 50% level, with price labels for quick reference. - **New: Quartile Lines (25% & 75%)**: Dotted lines (default width 1) mark the quarter and three-quarter points within the gap, ideal for finer intraday analysis. Toggle on/off, adjust style/color/width, and add labels. - **High-Low Gap Variant**: Optional boxes and midlines for gaps between the prior close's high/low and the open's high/low—perfect for wick-based overlaps on lower timeframes (5-min or below recommended). - **RTH Close Lines**: Extend previous close levels with dotted lines and price tags. - **Customization Galore**: Extend elements right, limit historical displays (default: 3 gaps), no-plot sessions (e.g., avoid weekends), and time offsets for non-US indices. **How to Use** Apply to 15-min or lower charts for best results. Toggle "extend right" for ongoing levels. SPY auto-adjusts for its 4 PM close. Tested on major indices—enhance your gap trading strategy today! Questions? Drop a comment. Thanks to twingall for supplying the original code. Thanks to The Inner Circle Trader (ICT) for the logical and systematic application.
Penunjuk Pine Script®
oleh MadMonkTrading
1
Breaout and followthroughThis indicator is designed to identify and highlight a single, powerful entry signal at the beginning of a new trend. It filters for high-volatility breakout bars that show strong directional conviction, helping traders catch the initial momentum of a potential move. It will only paint one bullish or bearish signal after a trend change is detected, preventing repeat signals during a sustained move. Core Concept The indicator combines four key concepts to generate high-probability signals: Trend Direction: It first establishes the overall trend (bullish or bearish) using a configurable Exponential or Simple Moving Average (EMA/SMA). Volatility Expansion: It looks for bars with a larger-than-average range by comparing the bar's size to the Average True Range (ATR). This helps identify moments of increased market interest. Closing Strength (IBS): It uses the Internal Bar Strength (IBS) to measure directional conviction. A high IBS (closing near the top) suggests bullish strength, while a low IBS (closing near the bottom) suggests bearish pressure. Breakout Confirmation: As an optional but powerful filter, it can confirm the signal by ensuring the bar is breaking above the high or below the low of a user-defined number of previous bars. A signal is only generated on the first bar that meets all these criteria after the price crosses the trend-defining moving average, making it ideal for capturing the start of a new swing. Features Bullish Signals (Green): Highlights the first bar in an uptrend that is larger than the ATR, closes with a high IBS (>70), and optionally breaks out above the recent highs. Bearish Signals (Red): Highlights the first bar in a downtrend that is larger than the ATR, closes with a low IBS (<30), and optionally breaks out below the recent lows. "First Signal Only" Logic: The script is hard-coded to show only the initial signal in a new trend, filtering out noise and redundant signals. Fully Customizable Trend Filter: Choose between EMA or SMA for trend definition. Set the MA length (default is a short-term 7-period MA). Option to show or hide the moving average on the chart. Optional Breakout Filter: Enable or disable the requirement for the signal bar to break the high/low of previous bars. Customize the lookback period for the breakout confirmation. How to Use This indicator can be used as a primary signal for a trend-following or momentum-based trading system. Look for a Green Bar (Bullish Signal): This suggests the start of a potential uptrend. Consider it a signal for a long entry. A logical stop-loss could be placed below the low of the highlighted signal bar. Look for a Red Bar (Bearish Signal): This suggests the start of a potential downtrend. Consider it a signal for a short entry. A logical stop-loss could be placed above the high of the highlighted signal bar. Adjust Settings: Use the settings menu to configure the indicator to your preferred market and timeframe. A longer Trend MA Length will result in fewer, more long-term signals, while a shorter length will be more responsive. As with any tool, this indicator is best used in conjunction with other forms of analysis, such as market structure, support/resistance levels, and proper risk management.
Penunjuk Pine Script®
oleh Trading_Doji
RSI ROC Signals with Price Action# RSI ROC Signals with Price Action ## Overview The RSI ROC (Rate of Change) Signals indicator is an advanced momentum-based trading system that combines RSI velocity analysis with price action confirmation to generate high-probability buy and sell signals. This indicator goes beyond traditional RSI analysis by measuring the speed of RSI changes and requiring price confirmation before triggering signals. ## Core Concept: RSI Rate of Change (ROC) ### What is RSI ROC? RSI ROC measures the **velocity** or **acceleration** of the RSI indicator, providing insights into momentum shifts before they become apparent in traditional RSI readings. **Formula**: `RSI ROC = ((Current RSI - Previous RSI) / Previous RSI) × 100` ### Why RSI ROC is Superior to Standard RSI: 1. **Early Momentum Detection**: Identifies momentum shifts before RSI reaches traditional overbought/oversold levels 2. **Velocity Analysis**: Measures the speed of momentum changes, not just absolute levels 3. **Reduced False Signals**: Filters out weak momentum moves that don't sustain 4. **Dynamic Thresholds**: Adapts to market volatility rather than using fixed RSI levels 5. **Leading Indicator**: Provides earlier signals compared to traditional RSI crossovers ## Signal Generation Logic ### 🟢 Buy Signal Process (3-Stage System): #### Stage 1: Trigger Activation - **RSI ROC** > threshold (default 7%) - RSI accelerating upward - **Price ROC** > 0 - Price moving higher - Records the **trigger high** (highest point during trigger) #### Stage 2: Invalidation Check - Signal invalidated if **RSI ROC** drops below negative threshold - Prevents false signals during momentum reversals #### Stage 3: Confirmation - **Price breaks above trigger high** - Price action confirmation - **Current candle is green** (close > open) - Bullish price action - **State alternation** - Ensures no consecutive duplicate signals ### 🔴 Sell Signal Process (3-Stage System): #### Stage 1: Trigger Activation - **RSI ROC** < negative threshold (default -7%) - RSI accelerating downward - **Price ROC** < 0 - Price moving lower - Records the **trigger low** (lowest point during trigger) #### Stage 2: Invalidation Check - Signal invalidated if **RSI ROC** rises above positive threshold - Prevents false signals during momentum reversals #### Stage 3: Confirmation - **Price breaks below trigger low** - Price action confirmation - **Current candle is red** (close < open) - Bearish price action - **State alternation** - Ensures no consecutive duplicate signals ## Key Features ### 🎯 **Smart Signal Management** - **State Alternation**: Prevents signal clustering by alternating between buy/sell states - **Trigger Invalidation**: Automatically cancels weak signals that lose momentum - **Price Confirmation**: Requires actual price breakouts, not just momentum shifts - **No Repainting**: Signals are confirmed and won't disappear or change ### ⚙️ **Customizable Parameters** #### **RSI Length (Default: 14)** - Standard RSI calculation period - Shorter periods = more sensitive to price changes - Longer periods = smoother, less noisy signals #### **Lookback Period (Default: 1)** - Period for ROC calculations - 1 = compares to previous bar (most responsive) - Higher values = smoother momentum detection #### **RSI ROC Threshold (Default: 7%)** - Minimum RSI velocity required for signal trigger - Lower values = more signals, potentially more noise - Higher values = fewer but higher-quality signals ### 📊 **Visual Signals** - **Green Arrow Up**: Buy signal below price bar - **Red Arrow Down**: Sell signal above price bar - **Clean Chart**: No additional lines or oscillators cluttering the view - **Size Options**: Customizable arrow sizes for visibility preferences ## Advantages Over Traditional Indicators ### vs. Standard RSI: ✅ **Earlier Signals**: Detects momentum changes before RSI reaches extremes ✅ **Dynamic Thresholds**: Adapts to market conditions vs. fixed 30/70 levels ✅ **Velocity Focus**: Measures momentum speed, not just position ✅ **Better Timing**: Combines momentum with price action confirmation ### vs. Moving Average Crossovers: ✅ **Leading vs. Lagging**: RSI ROC is forward-looking vs. backward-looking MAs ✅ **Volatility Adaptive**: Automatically adjusts to market volatility ✅ **Fewer Whipsaws**: Built-in invalidation logic reduces false signals ✅ **Momentum Focus**: Captures acceleration, not just direction changes ### vs. MACD: ✅ **Price-Normalized**: RSI ROC works consistently across different price ranges ✅ **Simpler Logic**: Clear trigger/confirmation process vs. complex crossovers ✅ **Built-in Filters**: Automatic signal quality control ✅ **State Management**: Prevents over-trading through alternation logic ## Trading Applications ### 📈 **Trend Following** - Use in trending markets to catch momentum continuations - Combine with trend filters for directional bias - Excellent for breakout strategies ### 🔄 **Swing Trading** - Ideal timeframes: 4H, Daily, Weekly - Captures major momentum shifts - Perfect for position entries/exits ### ⚡ **Scalping (Advanced Users)** - Lower timeframes: 1m, 5m, 15m - Reduce threshold for more frequent signals - Combine with volume confirmation ### 🎯 **Momentum Strategies** - Perfect for momentum-based trading systems - Identifies acceleration phases in trends - Complements breakout and continuation patterns ## Optimization Guidelines ### **Conservative Settings (Lower Risk)** - RSI Length: 21 - ROC Threshold: 10% - Lookback: 2 ### **Standard Settings (Balanced)** - RSI Length: 14 (default) - ROC Threshold: 7% (default) - Lookback: 1 (default) ### **Aggressive Settings (Higher Frequency)** - RSI Length: 7 - ROC Threshold: 5% - Lookback: 1 ## Best Practices ### 🎯 **Entry Strategy** 1. Wait for signal arrow confirmation 2. Consider market context (trend, support/resistance) 3. Use proper position sizing based on volatility 4. Set stop-loss below/above trigger levels ### 🛡️ **Risk Management** 1. **Stop Loss**: Place beyond trigger high/low levels 2. **Position Sizing**: Use 1-2% risk per trade 3. **Market Context**: Avoid counter-trend signals in strong trends 4. **Time Filters**: Consider avoiding signals near major news events ### 📊 **Backtesting Recommendations** 1. Test on multiple timeframes and instruments 2. Analyze win rate vs. average win/loss ratio 3. Consider transaction costs in backtesting 4. Optimize threshold values for different market conditions ## Technical Specifications - **Pine Script Version**: v6 - **Signal Type**: Non-repainting, confirmed signals - **Calculation Basis**: RSI velocity with price action confirmation - **Update Frequency**: Real-time on bar close - **Memory Management**: Efficient state tracking with minimal resource usage ## Ideal For: - **Momentum Traders**: Captures acceleration phases - **Swing Traders**: Medium-term position entries/exits - **Breakout Traders**: Confirms momentum behind breakouts - **System Traders**: Mechanical signal generation with clear rules This indicator represents a significant evolution in momentum analysis, combining the reliability of RSI with the precision of rate-of-change analysis and the confirmation of price action. It's designed for traders who want sophisticated momentum detection with built-in quality controls.
Penunjuk Pine Script®
oleh padavans