Bandpass Cycle Indicator [Ehlers]This indicator is NOT used for entry and exit conditions when trading. Instead, it's purpose is to tell you what the state of the market is: trending or cyclical.
>WHO IS THIS FOR?
This is especially useful for strategies that use scalping or martingale betting to turn a profit. You don't want to be caught in a bullish trend with several open short orders. Algo traders welcome.
>HOW DOES IT WORK?
I'm glad you asked. It's based on Ehlers' work regarding signal filtering. Essentially, it uses a bandpass filter to reduce noise that is inherent in the market and display the underlying frequency.
First, we get rid of the high-frequency noise - think jitters, long wicks, etc... price action that usually effects EMAs and other MAs. We don't want any of that.
Next, we get rid of low-frequency noise - this is a little more difficult to picture, but we're essentially ignoring cycles (Elliot waves) from other longer time frames. We don't care if the Daily bars are just about to reverse if it doesn't affect our scalping strategy.
Finally, we find the root mean square (RMS) of the high and low points of our newly created signal (red) and plot them (black). These will act as triggers to tell us if a market is in cycle or trending.
>HOW DO YOU READ IT?
Background colors:
-Blue is cycle - you're safe.
-Red is trending down
-Green is trending up
Crossovers:
-Red above Upper Black: Uptrend
-Red below Lower Black: Downtrend
-Red in the middle: Cycle
>IS IT PREDICTIVE?
Momentum tends to pick up quickly and decline quickly, so if you'll often see a small Red or Green strip before a large price movement.
After long periods of cyclic movement (or consolidation), there isn't much momentum in the system, so any small price action will be considered a trend -> these small movements are picked up by other human traders and bots. Trading volume increases more and more until you have a swing in one direction.
So yes, it can be predictive due to the nature of signals and oscillation. Maybe not necessarily predictive of which direction price will go, but when volatility is about to increase.
Cari dalam skrip untuk "scalp"
5 EMAs plus Crossing AlertsHi all,
This is a simple indicator that plots 5 EMA lines of your choice to the screen.
Can be used to trigger scalping Bots (stoploss around 0.5% recommended, take profit 1% or higher, please backtest!)
Also can be used for manual scalping, 1 or 2 candles at a time.
Features:
1) Alerts are triggered when EMAs 1 (Signal line) and 2 (Baseline) cross - a Long signal is called if the cross is above EMA 3 (Trendline), a short if the cross is below EMA3
2) Signals are represented visually as a triangle on the chart, below the candles is a long, above is a short
3) TradingView Alerts can be easily set as I have labelled the signals clearly as many other Indicators like this aren’t easy to work out if trying to create alerts to trigger a 3commas bot, for example!
Each EMA is fully customisable and if you wish to take advantage of the alerts, only a few simple rules need to be followed:
EMA1 needs to be less than EMA2.
EMA2 needs to be the same or greater than EMA3
That’s it, happy trading!
Big shout out to B and the gang over at Crypto Trading Group!
PRICE MAGICI took the script from SpectralKH and make it to show the avrg of 5 bars per price
with this we can create scalper that run on the price avrg
easy way to spot sweet runs:)
have fun
BB+AO STRATto be used with AO indicator, based on forex strat --
www.forexstrategiesresources.com
works on 1/3/5/15/30 candles, buy signals are best when the black 3 fast ema crosses up through the red mid band
BB+AO ALERTSto be used with AO indicator, based on forex strat --
www.forexstrategiesresources.com
works on 1/3/5/15/30 candles, buy signals are best when the black 3 fast ema crosses up through the red mid band
BB+AO STRATto be used with AO, based on forex strat --
www.forexstrategiesresources.com
works on 1/3/5/15/30 candles
RSI + Stoch/RSIThis is a combination of 2 of the most used indicators. RSI and stochastic/RSI
Ive coded them both to work together to save space on your chart and work as only ONE indicator.
I specifically only use the D line with my rsi , but you have the option to use the K and D line if you so choose.
RSI is good for momentum
Stochastic is good for short term momentum.
They work very well together and if you are a swing trader or scalper they can help immensely when looking for sniper entry areas after you've done you're initial pattern, level, fibonacci and wave analysis.
I like the way this works and have been using these two indicators for a while so I figured I would share.
Happy new year everyone, God bless!
Waddah Attar Explosion by ShizaruThe original script was posted on ProRealCode by user Nicolas.
The Waddah Attar explosion indicator is a well known indi in the forex community all over the web. It measures the price volatility "explosion" with the help of a difference between upper and lower bollinger bands (also known as "squeeze") and its direction and with a slow MACD advance or decline weighted with a coefficient (sensitivity=150).
A "deadzone" of x pips/points is at 20 points by default, but should be adjusted to the traded instrument.
If green or red oscillator histogram breach the "Explosion Line" above the dead zone, it's a signal.
This indicator act pretty much as a scalper in lower timeframe, but I found it useful with different timeframe comparison in higher ones in the past (M30/H1/H4).
Credits to www.prorealcode.com
Ichimoku_on_steroids v 1.0 (Scalper's) INSame as overlay version, as an indicator.
Use with caution.
Ichimoku_on_steroids v 1.0 (Scalper's) OLAgain, ichimoku based signal generator, this time using the Kijun-sen (Base line) and the Tenkan-sen (Conversion line) to assess price action.
Works best on timeless charts (e.g. Point & Figure, Renko's, ...).
Use with caution !! ... or with very small TP targets !!
GS_Opening-Range-V1ORB Opening Range Breakout 5 and 3O Minute Indicator
Kudos to Chris Moody for the inspiration to create my first indicator.
The 5 and 30 run together at times but the scalp would be when the equity breaks the 5 go long or short for the scalp and when it breaks the 30 go for the swing trade.
NIFTY Intraday Strategy - 50 Points📊 NIFTY Intraday Strategy – Description
This Pine Script defines an intraday trading strategy targeting +50 points per trade on NIFTY, using a blend of trend-following and momentum indicators. Here's a breakdown:
🔍 Core Components
1. Indicators Used
VWAP: Volume-Weighted Average Price – institutional anchor for fair value.
Supertrend: Trend direction indicator (parameters: 10, 3.0).
RSI (14): Measures strength/momentum.
ATR (14): Determines volatility for stop-loss calculation.
📈 Entry Conditions
✅ Buy Entry
Price is above VWAP
Supertrend direction is bullish
RSI is above 50
Time is between 9:15 AM and 3:15 PM (India time)
❌ Sell Entry
Price is below VWAP
Supertrend direction is bearish
RSI is below 50
Time is within same market hours
🎯 Exit Logic
Target: 50 points from entry
Stop Loss: 1 × ATR from entry
If neither is hit by 3:15 PM, the position is held (though you may add exit logic at that time).
📌 Visualization
VWAP: orange line
Supertrend: green (uptrend), red (downtrend)
Buy Signal: green triangle below bar
Sell Signal: red triangle above bar
This strategy is ideal for intraday scalping or directional momentum trading in NIFTY Futures or Options.
a. Add end-of-day exit at 3:15 PM to fully close all trades
b. Add a risk-reward ratio input to dynamically adjust target vs stop-loss
🔥 Volatility Squeeze Breakout Strategy (TP/SL in Points)This strategy is designed to catch explosive breakout moves from low-volatility consolidations using a "volatility squeeze" + breakout + momentum" approach. It identifies high-probability buy opportunities when the market is in a tight range and preparing for expansion.
✅ Entry Condition:
- Previous candle is in a squeeze
- Current candle breaks above channel high
- Momentum is positive (ROC)
🎯 Exit Conditions:
- Take Profit in fixed points above entry price
- Stop Loss in fixed points below entry price
🧰 Inputs:
- ATR Length for volatility
- Channel Length for breakout levels
- ROC Length for momentum
- Squeeze threshold (ATR/close)
- TP/SL in absolute price points
📊 Plots:
- Buy signals shown as green triangles
- Channel high/low plotted
- TP/SL levels shown as live lines when in position
Suitable for intraday breakout scalping or directional trades
when price expands from compression zones.
EMA Short ScalpingThis indicator Show interesting entry point but not 100%.
Purpose of this indicator is for education!!!
Buy signal is from Price >ema3 5 and 50 with Price action
vice versa on sell
EMA 50 color used to define trend
Percent Change of Range Candles - FullTHIS IS THE FINAL VERSION
Description of the Percent Change of Range Candles - Full Indicator
This indicator displays the percentage change relative to the price range (high-low) over a specified period and combines multiple timeframes to provide a more accurate view of market trends and momentum. The idea is to not rely solely on classic closing prices but also to consider the opening price, highest, and lowest values within the selected period, offering deeper insight into price movements.
What makes this indicator better than the previous two?
Combination of multiple timeframes and parameters — the indicator calculates not only one level of percentage change but also uses additional calculations for shorter periods (e.g., 25% of the main period length). This allows it to better track subtle changes and provide signals less prone to noise.
Visual representation with colors and horizontal levels — it clearly displays key percentage change levels and whether the current trend is positive or negative, making interpretation easier without additional analysis.
Candle visualization within the indicator (plotcandle) — unlike previous indicators that might display only lines, this one shows candles within the indicator window, allowing you to follow visual patterns that often add extra value.
Better adaptation to trend changes — the indicator dynamically adjusts input parameters depending on price direction (positive or negative change), making it more flexible and suitable for different market conditions.
How the indicator works
It first calculates the percentage change of the closing price relative to the high-low range over a chosen period (default 100 candles).
Then, it calculates the average change value from the previous five periods to smooth out sudden oscillations.
Additionally, it calculates values for a shorter period (25% of the total length), which are dynamically used as "high" or "low" values depending on the current trend (positive or negative).
Horizontal lines mark important percentage change levels (100%, 70%, 0%, -70%, -100%), serving as visual guides for trend strength and direction.
Candles inside the indicator further visualize the relationship between average and current values.
Purpose and application
This indicator is designed to track trend strength and market movements through percentage analysis of price ranges. It can be used for:
Detecting the start and end of trends,
Recognizing strong reversals or confirming trend continuation,
Complementary analysis alongside other technical indicators,
Facilitating decision-making in scalping and swing trading strategies.
What to watch out for
Like any indicator based on historical data, it does not guarantee success and should be used alongside other tools to confirm signals.
The length period (length) should be adjusted according to the market type and trading timeframe — longer periods provide more stable but slower signals, while shorter ones are more sensitive to noise.
Pay attention to the colors and levels on the indicator, as crossing horizontal lines may indicate potential trend reversals or strengthening.
Candles within the indicator window can help identify formations signaling entries or exits.
Choppiness ZONE OverlayPurpose
This script overlays choppiness zones directly onto the price chart to help traders identify whether the market is trending or ranging. It is designed to filter out low-probability trades during high choppiness conditions.
How It Works
Calculates the Choppiness Index over a user-defined period using ATR and price range.
Divides choppiness into four zones:
30 to 40: Low choppiness, possible trend initiation, shown in yellow.
40 to 50: Moderate choppiness, transition zone, shown in orange.
50 to 60: High choppiness, weakening momentum, shown in red.
60 and above: Extreme choppiness, avoid trading, shown in purple.
Highlights each zone with customizable color fills between the high and low of the selected range.
Triggers a real-time alert when choppiness exceeds 60.
Features
Customizable choppiness zones and color settings.
Real-time alert when market becomes extremely choppy (choppiness ≥ 60).
Visual zone overlay on the price chart.
Compatible with all timeframes.
Lightweight and responsive for scalping, intraday, or swing trading.
Tip
Use this tool as a volatility or trend filter. Combine it with momentum or trend-following indicators to improve trade selection.
ATR Bands PRO + Sweep Label + Divergence [MASTER]🔰 ATR Bands PRO + Liquidity Sweep & Divergence (RSI/MACD)
## 🔰 ATR Bands PRO + Liquidity Sweep & Divergence
A powerful institutional-grade toolkit that combines advanced ATR band visualization, customizable stop bands, dynamic grid lines, real-time liquidity sweep detection, and built-in swing-point divergence signals (RSI/MACD) – all fully adjustable.
**Key Features:**
- **Multi-Timeframe ATR Bands:**
Visualize ATR-based bands from any higher timeframe, fully customizable in color, width, style, and extension.
- **Smart Stops & Grid:**
Add stop bands and dynamic ATR grid lines with user control over appearance and step.
- **Liquidity Sweep Detection:**
Instantly see “Bull Sweep” or “Bear Sweep” labels every time price touches high/low liquidity sweeps from your chosen timeframe.
- **Divergence Alerts (RSI/MACD):**
Detect bullish or bearish divergence at swing highs/lows (on the main timeframe) – complete with highly visible, color-customizable labels.
- **Professional, Non-Cluttered Visuals:**
All labels and lines are managed with smart array handling – zero repaint, zero overlay clutter.
**How to Use:**
1. Choose your ATR “base” timeframe and customize band/stop/grid appearance.
2. Pick the Liquidity Sweep timeframe (e.g., H1, H4, D1) for institutional swing levels.
3. Enable divergence detection (RSI or MACD) to reveal hidden reversal signals at market pivots.
4. Adjust label offsets and colors for maximum clarity on your chart.
**Perfect for:**
- Liquidity-driven scalping, swing, and positional strategies.
- Spotting liquidity grabs, institutional sweeps, and “trap” price action.
- Fast visual confirmation of potential reversal zones using built-in divergence signals.
- Traders who demand high-performance, flexible visuals without chart clutter.
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**Credit:**
Original logic inspired by RunStrat, AlgoAlpha, and custom adaptations by MILO888.
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*For educational and professional use. Test on your own symbol/timeframe before live trading. Enjoy an edge!*
