Tims Smart Money COT-IndexThe **Tims Smart Money COT Index** analyzes the positions of different groups of market participants from the COT report (Commercials, Large Specs, Small Specs). It calculates their net positions and scales them relative to extremes of the last 24 weeks. It indicates bullish and bearish zones to identify market sentiments.
- Commercials (Smart Money)**: Often act against the trend, bullish from 80+.
- Large Specs (Retail Money)**: Trend-following, bullish from 80+.
- Small Specs**: Mostly impulsive, bullish from 80+.
The indicator helps to identify turning points in the market based on the behavior of the players.
Cari dalam skrip untuk "smart"
Relative volume zone + Smart Order Flow Dynamic S/ROverview:
The Relative Volume Zone + Smart Order Flow with Dynamic S/R indicator is designed to help traders identify key trading opportunities by combining multiple technical components. This script integrates relative volume analysis, order flow detection, VWAP, RSI filtering, and dynamic support and resistance levels to offer a comprehensive view of the market conditions. It is particularly effective on shorter timeframes (M5, M15), making it suitable for scalping and day trading strategies.
Key Components:
1. Relative Volume Zones:
• The script calculates the relative volume by comparing the current volume with the average volume over a defined lookback period (volLookback). When the relative volume exceeds a specified multiplier (volMultiplier), it indicates a high volume zone, signaling potential accumulation or distribution areas.
• Purpose: Identifies high-volume trading zones that may act as significant support or resistance, indicating possible entry or exit points.
2. Smart Order Flow Analysis:
• The indicator uses Volume Delta (the difference between buying and selling volume) and a Cumulative Delta to detect order imbalances in the market.
• Order Imbalance is identified using a moving average of the Volume Delta (orderImbalance), which helps highlight hidden buying or selling pressure.
• Purpose: Reveals market sentiment by showing whether buyers or sellers dominate the market, aiding in the identification of trend reversals or continuations.
3. VWAP (Volume Weighted Average Price):
• VWAP is calculated over a default daily length (vwapLength) to show the average price a security has traded at throughout the day, based on both volume and price.
• Purpose: Provides insight into the fair value of the asset, indicating whether the market is in an accumulation or distribution phase.
4. RSI (Relative Strength Index) Filter:
• RSI is used to filter buy and sell signals, preventing trades in overbought or oversold conditions. It is calculated using a specified period (rsiPeriod).
• Purpose: Reduces false signals and improves trade accuracy by only allowing trades when RSI conditions align with volume and order flow signals.
5. Dynamic Support and Resistance Levels:
• The script dynamically plots support and resistance levels based on recent swing highs and lows (swingLookback).
• Purpose: Identifies potential reversal zones where price action may change direction, allowing for more precise entry and exit points.
How It Works:
• Buy Signal:
A buy signal is generated when:
• The price enters a high-volume zone.
• The price crosses above a 5-period moving average.
• The cumulative delta shows more buying pressure (cumulativeDelta > SMA of cumulativeDelta).
• The RSI is below 70 (not in overbought conditions).
• Sell Signal:
A sell signal is generated when:
• The price enters a high-volume zone.
• The price crosses below a 5-period moving average.
• The cumulative delta shows more selling pressure (cumulativeDelta < SMA of cumulativeDelta).
• The RSI is above 30 (not in oversold conditions).
• Dynamic Support and Resistance Lines:
Drawn based on recent swing highs and lows, these lines provide context for potential price reversals or breakouts.
• VWAP and Order Imbalance Lines:
Plotted to show the average traded price and highlight order flow shifts, helping to validate buy/sell signals.
How to Use:
1. Apply the Indicator:
Add the script to your chart and adjust the settings to match your trading style and preferred timeframe (optimized for M5/M15).
2. Interpret the Signals:
Use the buy and sell signals in conjunction with dynamic support/resistance, VWAP, and order imbalance lines to identify high-probability trade setups.
3. Monitor Alerts:
Set alerts for significant order flow events to receive notifications when there is a positive or negative order imbalance, indicating potential market shifts.
What Makes It Unique:
This script is unique because it combines multiple market analysis tools — relative volume zones, smart order flow, VWAP, RSI filtering, and dynamic support/resistance — to provide a well-rounded, multi-dimensional view of the market. This integration allows traders to make more informed decisions by validating signals across various indicators, enhancing overall trading accuracy and effectiveness.
Price Legs: Average Heights; 'Smart ATR'Price Legs: Average Heights; 'Smart ATR'. Consol Range Gauge
~~ Indicator to show small and large price legs (based on short and long input pivot lengths), and calculating the average heights of these price legs; counting legs from user-input start time ~~
//Premise: Wanted to use this as something like a 'Smart ATR': where the average/typical range of a distinct & dynamic price leg could be calculated based on a user-input time interval (as opposed to standard ATR, which is simply the average range over a consistent repeating period, with no regard to market structure). My instinct is that this would be most useful for consolidated periods & range trading: giving the trader an idea of what the typical size of a price leg might be in the current market state (hence in the title, Consol Range gauge)
//Features & User inputs:
-Start time: confirm input when loading indicator by clicking on the chart. Then drag the vertical line to change start time easily.
-Large Legs (toggle on/off) and user-input pivot lookback/lookforward length (larger => larger legs)
-Small Legs (toggle on/off) and user-input pivot lookback/lookforward length (smaller => smaller legs)
-Display Stats table: toggle on/off: simple view- shows the averages of large (up & down), small (up & down), and combined (for each).
-Extended stats table: toggle on/off option to show the averages of the last 3 legs of each category (up/down/large/small/combined)
-Toggle on/off Time & Price chart text labels of price legs (time in mins/hours/days; price in $ or pips; auto assigned based on asset)
-Table position: user choice.
//Notes & tips:
-Using custom start time along with replay mode, you can select any arbitrary chunk of price for the purpose of backtesting.
-Play around with the pivot lookback lengths to find price legs most suitable to the current market regime (consolidating/trending; high volatility/ low volatility)
-Single bar price legs will never be counted: they must be at least 2 bars from H>>L or L>>H.
//Credits: Thanks to @crypto_juju for the idea of applying statistics to this simple price leg indicator.
Simple View: showing only the full averages (counting from Start time):
View showing ONLY the large legs, with Time & Price labels toggled ON:
MJ Important Candlestick Patterns + Smart TrendThis script detects 6 important candlestick patterns defined by the author and puts chart labels on your chart for your attention. It also includes a smart trend checking algorithm to detect trends.
The six candlestick patterns covered are:
Bullish Engulfing
Bearish Engulfing
Piercing Line
Dark Cloud Cover
Bullish Harami
Bearish Harami
*** Smart feature of this indicator is that it can detect uptrends or downtrends before alerting you regarding the bullish or bearish reversal candlestick pattern. This is achieved by comparing the typical price (high+low+close divided by 3) of today's candle versus three days ago.
Adaptive Trend Cloud + Smart Reversal Zones [@darshakssc]This indicator combines a volatility-adjusted trend cloud with RSI- and volume-based reversal signals to help traders visually spot potential trend continuation or reversal zones.
It’s designed to look clean, colorful, and informative — great for both beginners and experienced traders looking for chart clarity and actionable insights.
🔍 How It Works
🔵 1. Trend Cloud
1. The cloud is created using a 34-period EMA as the base and adjusted with a 14-period ATR multiplier.
2. When price is above the EMA, the cloud turns green (bullish).
3. When price is below the EMA, it turns red (bearish).
4. A neutral gray tone shows when price is inside the cloud, signaling potential indecision.
🔁 2. Smart Reversal Signal Logic
1. Signals appear only when price enters the cloud zone, indicating a potential change in direction.
2. To confirm the reversal, the following conditions must also be met:
3. RSI is below 40 (for bullish reversals) or above 60 (for bearish reversals)
4. A volume spike occurs (1.8× the 20-bar volume average)
5. A cooldown of 10 bars between signals prevents overplotting
🎯 3. TP & SL Labels
1. When a valid buy or sell signal appears:
🎯 TP (Take Profit) is placed at 2× ATR distance
🛑 SL (Stop Loss) is placed at 1× ATR distance
These levels are shown via chart labels for visual reference
🛎️ 4. Alerts
1. Built-in alerts trigger on:
🟢 Buy reversal signals
🔴 Sell reversal signals
✅ How to Use
1. Apply the indicator to any chart (works best on 5min–4h timeframes)
2. Look for the 🟢 Buy / 🔴 Sell labels when price touches the cloud
3. Use the visual TP/SL markers as reference zones — not financial advice
4. Combine with your own risk management, price action or confluence tools
⚙️ Customization Options
1. EMA & ATR lengths and multipliers
2. RSI and volume thresholds
3. Signal cooldown to reduce noise
4. Toggle TP/SL zones on or off
⚠️ Disclaimer
This script is for educational purposes only and does not constitute financial advice. Always test on demo accounts and combine with your own trading system.
SMC Smart Money Concepts//@version=5
indicator("SMC Smart Money Concepts", overlay=true)
// === إعداد الهيكل السعري ===
// تحديد HH, HL, LL, LH
pivotHigh = ta.pivothigh(high, 5, 5)
pivotLow = ta.pivotlow(low, 5, 5)
plotshape(pivotHigh, location=location.abovebar, style=shape.triangleup, color=color.red, title="Lower High")
plotshape(pivotLow, location=location.belowbar, style=shape.triangledown, color=color.green, title="Higher Low")
// === Break of Structure & CHoCH ===
bos = pivotHigh and close > high
choch = pivotLow and close < low
plotshape(bos, location=location.abovebar, color=color.blue, style=shape.labelup, text="BOS")
plotshape(choch, location=location.belowbar, color=color.orange, style=shape.labeldown, text="CHOCH")
// === Order Blocks (OB) ===
// نأخذ آخر شمعة صاعدة قبل هبوط قوي كمثال على OB
bearishOB = high < high and close < open
bullishOB = low > low and close > open
plotshape(bearishOB, location=location.abovebar, color=color.maroon, style=shape.square, title="Bearish OB")
plotshape(bullishOB, location=location.belowbar, color=color.lime, style=shape.square, title="Bullish OB")
// === Fair Value Gap (FVG) ===
// إذا لم تلامس الشمعة التالية قاع أو قمة شمعتين قبليتين
fvgBull = low > high
fvgBear = high < low
plotshape(fvgBull, location=location.belowbar, color=color.teal, style=shape.circle, title="Bullish FVG")
plotshape(fvgBear, location=location.abovebar, color=color.fuchsia, style=shape.circle, title="Bearish FVG")
// === السيولة (Liquidity Pools) ===
// تعتبر السيولة موجودة عند قمم أو قيعان واضحة
liquidityHigh = high == ta.highest(high, 20)
liquidityLow = low == ta.lowest(low, 20)
plotshape(liquidityHigh, location=location.abovebar, color=color.purple, style=shape.cross, title="Liquidity High")
plotshape(liquidityLow, location=location.belowbar, color=color.purple, style=shape.cross, title="Liquidity Low")
SMC Smart Money Concepts//@version=5
indicator("SMC Smart Money Concepts", overlay=true)
// === إعداد الهيكل السعري ===
// تحديد HH, HL, LL, LH
pivotHigh = ta.pivothigh(high, 5, 5)
pivotLow = ta.pivotlow(low, 5, 5)
plotshape(pivotHigh, location=location.abovebar, style=shape.triangleup, color=color.red, title="Lower High")
plotshape(pivotLow, location=location.belowbar, style=shape.triangledown, color=color.green, title="Higher Low")
// === Break of Structure & CHoCH ===
bos = pivotHigh and close > high
choch = pivotLow and close < low
plotshape(bos, location=location.abovebar, color=color.blue, style=shape.labelup, text="BOS")
plotshape(choch, location=location.belowbar, color=color.orange, style=shape.labeldown, text="CHOCH")
// === Order Blocks (OB) ===
// نأخذ آخر شمعة صاعدة قبل هبوط قوي كمثال على OB
bearishOB = high < high and close < open
bullishOB = low > low and close > open
plotshape(bearishOB, location=location.abovebar, color=color.maroon, style=shape.square, title="Bearish OB")
plotshape(bullishOB, location=location.belowbar, color=color.lime, style=shape.square, title="Bullish OB")
// === Fair Value Gap (FVG) ===
// إذا لم تلامس الشمعة التالية قاع أو قمة شمعتين قبليتين
fvgBull = low > high
fvgBear = high < low
plotshape(fvgBull, location=location.belowbar, color=color.teal, style=shape.circle, title="Bullish FVG")
plotshape(fvgBear, location=location.abovebar, color=color.fuchsia, style=shape.circle, title="Bearish FVG")
// === السيولة (Liquidity Pools) ===
// تعتبر السيولة موجودة عند قمم أو قيعان واضحة
liquidityHigh = high == ta.highest(high, 20)
liquidityLow = low == ta.lowest(low, 20)
plotshape(liquidityHigh, location=location.abovebar, color=color.purple, style=shape.cross, title="Liquidity High")
plotshape(liquidityLow, location=location.belowbar, color=color.purple, style=shape.cross, title="Liquidity Low")
Black-Scholes + Smart Money StrategyAn AI Test script.
The Black-Scholes option pricing model to extract institutional sentiment and implied volatility signals, empowering Smart Money-style entries.
FVG Candle HighlighterThis indicator highlights only the true Fair Value Gap (FVG) creator candle — the middle candle in a 3-bar FVG formation — with zero clutter.
🔹 Bullish FVG: Candle is colored if price gaps above the high two bars back
🔹 Bearish FVG: Candle is colored if price gaps below the low two bars back
✨ No boxes. No zones. Just pure, visual price-action accuracy.
🔧 Powered by Pine Script v6
🧠 Based on institutional-style FVG logic
🎯 Ideal for Smart Money / ICT / Order Block strategies
IU Smart Flow SystemDESCRIPTION
The IU Smart Flow System is a powerful and dynamic order flow-based strategy designed to capture high-probability trades by analyzing bullish and bearish imbalances, trend direction, and RSI strength. It identifies trading opportunities by aligning order flow conditions with the prevailing trend and momentum, making it suitable for trend-following and momentum-based trading.
This system utilizes a unique combination of:
- Order flow score to gauge market imbalance
- Trend filter using SMA and ATR to confirm market direction
- RSI to ensure entry only during strong momentum
USER INPUTS:
- Imbalance Length: Defines the lookback period for calculating bullish and bearish imbalances. (Default: 10)
- Trend Length: Determines the length of the SMA to evaluate the trend direction. (Default: 50)
- RSI Length: Specifies the RSI period to assess momentum strength. (Default: 14)
LONG CONDITIONS:
Long entries are triggered when:
- Order flow score is positive, indicating bullish imbalance
- Price is above the bullish trend level (SMA + ATR), confirming an uptrend
- RSI is above 50, indicating bullish momentum
- No active short position is currently open
SHORT CONDITIONS:
Short entries are triggered when:
- Order flow score is negative, indicating bearish imbalance
- Price is below the bearish trend level (SMA - ATR), confirming a downtrend
- RSI is below 50, indicating bearish momentum
- No active long position is currently open
WHY IT IS UNIQUE:
- Imbalance-Based Approach: Unlike traditional strategies that rely solely on price action, this system evaluates bullish and bearish imbalances to anticipate order flow direction.
- Adaptive Trend Filter: The combination of SMA and ATR dynamically adjusts to market volatility, providing a reliable trend confirmation mechanism.
- Momentum Validation with RSI: Ensures that entries are taken only in the direction of strong momentum, reducing false signals.
HOW USERS CAN BENEFIT FROM IT:
- Enhanced Trade Accuracy: Aligning order flow, trend, and momentum reduces false signals and improves trade success rates.
- Versatile Application: Suitable for various markets and timeframes, making it adaptable to different trading styles.
- Clear Trade Signals: Provides clear entry labels and alerts, ensuring traders never miss a potential opportunity.
- Visual Clarity: The filled region between bullish and bearish trends highlights trend direction, enhancing decision-making.
Introducing the "Smart Money Trap" (SMT) IndicatorThe "Smart Money Trap" (SMT) indicator is a powerful tool designed for simultaneous analysis of multiple currency pairs and their correlations. This indicator allows you to effortlessly visualize divergences and correlations between various currency pairs on a single chart, enhancing your ability to perform in-depth technical analysis.
Key Features:
Multi-Currency Comparison:
The SMT indicator enables you to view the following currency pairs simultaneously:
EUR/USD (Euro to US Dollar)
GBP/USD (British Pound to US Dollar)
USD/JPY (US Dollar to Japanese Yen)
DXY (US Dollar Index)
Correlation and Divergence Analysis:
By overlaying these currency pairs, the SMT indicator helps you identify correlations and divergences between them, which can signal potential trading opportunities.
Customizable Timeframes:
The indicator automatically adjusts to the current chart’s timeframe, ensuring that your analysis is always in sync with the selected period.
Enhanced Decision-Making:
With the ability to visualize multiple currency pairs and their relationships, you can make more informed trading decisions and better understand market dynamics.
The SMT indicator is a valuable tool for traders looking to track and analyze currency pair interactions and identify trading signals based on their correlations and divergences.
DB Support Resistance Levels + Smart Higher Highs and Lower LowsDB Support Resistance Levels + Smart Higher Highs and Lower Lows
The indicator plots historic lines for high, low and close prices shown in settings as "base levels". Users can control the lookback period that is plotted along with an optional multiplier. Traders will notice that the price bounces off these historic base levels. The base levels are shown as light gray by default (customizable in the settings). Users may choose to display base levels by a combination of historic high, low and close values.
On top of the historic base levels, the indicator display higher high and lower low levels from the current bar high/low. Higher highs are shown by default in pink and lower lows by default in yellow. The user can adjust the lookback period for displaying higher highs and the optional multiplier. Only historic values higher than the current bar high are displayed filtering out (by highlighting) the remaining levels for the current bar. Users may choose to use a combination of historic open, low and close values for displaying higher highs. The user can adjust the lookback period for displaying lower lows and the optional multiplier. Only historic values lower than the current bar low are displayed filtering out (by highlighting) the remaining levels for the current bar. Users may choose to use a combination of historic open, low and close values for displaying lower low.
The indicator includes two optional filters for filtering out higher highs and lower lows to focus (highlight) the most relevant levels. The filters include KC and a simple price multiplier filter. The latter is enabled by default and recommended.
The indicator aims to provide two things; first a simple plot of historic base levels and second as the price moves to highlight the most relevant levels for the current price action. While the indicator works on all timeframes, it was tested with the weekly. Please keep in mind adjusting the timeframe may require the lookback settings to be adjusted to ensure the bars are within range.
How should I use this indicator?
Traders may use this indicator to gain a visual reference of support and resistance levels from higher periods of time with the most likely levels highlighted in pink and yellow. Replaying the indicator gives a visual show of levels in action and just how very often price action bounces from these highlighted levels.
Additional Notes
This indicator does increase the max total lines allowed which may impact performance depending on device specs. No alerts or signals for now. Perhaps coming soon...
LNL Smart TICKLNL Smart TICK
This study is mostly beneficial for intraday traders. It is basically a user-friendly "colorful" representation of the $TICK chart with highlighted $TICK extremes. This indicator also includes: a simple trend gauge that can visualize the bias for the day, cumulative tick cloud which is showing the cumulative strength of either longs & shorts on the day.
$TICK Trend Gauge
Although it is just a exponential moving average. This average (default set on 20) works quite well as an overall gauge for the day. Whenever the gauge is green (above zero), any negative $TICK values below -500 can offer great pullback opportunities. Same applies for the red gauge. 20 EMA is below zero ? Great time to fade any +500 or +1000 tick readings. Obviously the gauge can be ajdusted to any number based on personal style.
$TICK Extremes (little triangles)
These little triangles are triggered anytime $TICK jumps above or below the pre-set values of +1000 or -1000. By just simply observing the $TICK triangles during the day can tell you how much volaility or pressure there is. Sometimes there will be 20 green triangles and only 2 red ones. That obviously mean there is a strong bearish pressure. But there will be days when you are not going to see any triangles at all which can mean there is either a low volatility or the price is stuck in the indecisive market.
Cumulative $TICK Cloud
Cumulative $TICK by itself is a great study for day traders. It is basically running "counting" $TICK that is adding the previous $TICK values from previous bars. Cumulative $TICK can create a direct picture of the current market sentiment. It is not just a simple green / red line but a cloud that can really show you the depth on the $TICK. Some days, the cloud will be quite wide which is a good sign for the strength to one side, but sometimes the cloud will be so narrow it will practically disappear. This would be telling you the exact opposite - not much conviction to any side. Of course the depth as well as the color of the cloud can change during the day.
$TICK & Cumulative $TICK Tables
By just looking at these tables. You can immidiately tell the state of the current $TICK. They both can be red or green. It all depends whether the values are positive or negative. The tables are just a little visual addition to the whole $TICK study.
Hope it helps.
Price Swing Detection - Smart Money ConceptSince my own style is Smart Money Concept and these days I have seen a lot of my friends who are having trouble identifying structures for their indicators and strategies. I wrote this code so they could use it in their strategy . In fact, this type of structure, as one of the strongest technical structures, can increase the success of your strategy according to your personalization.
The script detects swings (i.e. significant highs and lows) in a financial instrument's price action over a specified period. The user can set the lookback period (number of candles to consider) and the colors of the lines representing bullish and bearish trends.
The script has two functions: detectSwing and pivot high. The detectSwing function calculates the swing highs and lows for the specified number of candles. The function uses the ta.highest and ta.lowest functions to find the highest and lowest prices, respectively, over the lookback period. The function also determines the swing state (high or low) of the current candle and returns the calculated swing values.
The pivot high function calculates the pivot high, which is an important step in detecting bullish structures in the market. If a new top (i.e. swing high) is found, the script updates the pivot high values and creates a line from the recent top to the last bar. The script also updates the trailing maximum values, which are used to extend the top extension line.
For Strategy :
The variable "trendDirection" in the code is used to keep track of the trend state, either bullish (up trend) or bearish (down trend), in the market. The variable is initialized to 0 which represents a downtrend. The value of this variable is updated later in the code based on the calculations of swing highs and lows, pivot crosses, and the trailing maximum. If a bullish structure is detected, the value of "trendDirection" is set to 1, indicating an uptrend.
MACD Alert [All MA in one] [Smart Crypto Trade (SCT)]This code is a gift from "Smart Crypto Trade (SCT)" group
MACD indicator contains 3 EMA, I think one of the best usage of MACD is trend detection and divergences.
In our indicator, you can select the type of Moving averages that used in macd.
You can using "MACD" based on several types of moving averages including:
Exponential Moving Average ( EMA )
Volume-Weighted Moving Average ( VWMA )
Simple Moving Average ( SMA )
Weighted Moving Average ( WMA )
Exponentially Weighted Moving Average (RMA) that used in RSI
Smoothed Moving Average ( SMMA )
Arnaud Legoux Moving Average ( ALMA )
Double EMA ( DEMA )
Double SMA (DSMA)
Double WMA (DWMA)
Double RMA (DRMA)
Triple EMA ( TEMA )
Triple SMA (TSMA)
Triple WMA (TWMA)
Triple RMA (TRMA)
Linear regression curve Moving Average ( LSMA )
Variable Index Dynamic Average ( VIDYA )
Fractal Adaptive Moving Average ( FRAMA )
In other words we tried to collect all the most popular MAs in our MACD indicator.
In addition, you can use four types of alert or alarm conditions for detection LONG or SHORT positions and trends. For this, you must set an alert in alert tab and set the condition based on four defaults conditions.
Enjoy
[LunaOwl] 智慧型RSI (Smart RSI - a handy tool with less noise)Relative Strength Index is a common technical analysis tool, it is classified as a momentum oscillator, measuring the velocity and magnitude of directional price movements. it is most typically used on a 14-period timeframe, measured on a scale from 0 to 100, with high and low levels marked at 70 and 30.
相對強弱指標是常見的技術分析工具，它被歸類為動量振盪器，用於測量定向價格運動的速度和幅度，通常會使用14期數，擺盪範圍在0到100間，超買超賣分別標記成70、30。
after simple improvement and addition of logical judgment, it becomes a passive judge from subjective judgments, avoid the shortcomings of peoples in watching passivation, and the trade can be more consistent.
經過簡單的改良與添加邏輯判斷，能夠使RSI指標的使用，從主觀的判斷成為被動的確認指標，有效避免人們判斷指標鈍化的主觀缺失，並能夠使得交易更加一致。
--------------------------*
1) parameter
RSI period 1 - default is 14, same as general RSI.
RSI period 2 - default is 5, due to its own formula, the amplitude of the oscillator will become larger and more agile or fast. When the parameter is small.
exponential moving avg of RSI - using the result of RSI period 1 as the source of Ema's formula, the default length is 14, which can filter the excessive agility of RSI period 2 to reduce noise, and compared to using the baseline as the criterion for long and short judgments, The characteristics of exponential moving avg are more suitable to become flexible filtering standards.
Overbought - default is 70, you can set your overbought level.
Oversold - same as above, the default is 30.
2) Options
Open Candle color(開啟蠟燭線趨勢) - choose whether to start the color of the candle.
Open background color(開啟指標背景色) - the default is false, you can turn on.
--------------------------*
1. 設置參數
RSI期數1：預設值是14，是普通的RSI指標。
RSI期數2：預設值是5，由於RSI公式的算法，造成參數愈小擺盪幅度就會變大，反應比較快。
指數平均化的RSI期數1：將RSI期數1的結果帶入指數移動平均公式，預設值14，它能過濾RSI期數2過度敏捷的缺點，減少雜訊，相較於單純使用基準線作為多空判斷標準，用EMA的判斷標準更加因時制宜。
超買線：預設值是70，可以隨意調。
超賣線：預設值是30，一樣的。
2. 設定選項
開啟蠟燭線趨勢：顧名思義。已經幫您開好了。
開啟指標背景色：顏色太淺的話可以調深一點。
--------------------------*
ver.2- adjust new style design and create two options.
修改2: 調整新的樣式設計與建立兩個選項。
--------------------------*
ver.3- Create alert condition. maybe I should refer to the Alert Creation Framework,
there is also room for improvement.
修改3: 建立快訊選項。我應該參考警報創建框架，還有進步空間。
--------------------------*
Indicator Style - 指標樣式
The design uses casual light color style, light gray between overbought and oversold.
--------------------------*
Market Example - 市場範例
1. Bitcoin/Tether, Binance, 1 day
2. Bitcoin/USD, Coinbase, 4 hour
3. EUR/USD, Forex Market, 4 hour
4. GBP/USD, Forex Market, 30 min
5. TAIEX, Taiwan SE Weighted Index, 1 week
--------------------------*
postscript - 後記感想
The purpose of publishing Chinese Scripts is to make Pine close to more Chinese user.
I hope English skills enhancement...staggered writing makes me feel hard.
發布中文腳本的目的，是希望可以讓 Pine 親近更多中文圈的使用者。希望我的英語進步，中英文交錯撰寫有一些困難。
--------------------------*
If you find my works useful, you can give me encouragement. I can buy more books to sophisticated themselves.
如果您發現我的作品有用，可以給我鼓勵。讓我可以買更多書籍來精進自己。
Financial Conditions Composite Z-Score1. Inputs and Data Sources
The script pulls data for the following financial metrics using TradingView's request.security function:
CBOE:VIX (Volatility Index): A measure of market volatility.
MOVE Index: A measure of bond market volatility (or Treasury volatility).
BAMLH0A0HYM2 (High-Yield Spread): The spread between high-yield corporate bonds and Treasury yields.
BAMLC0A0CM (Credit Spread): The spread for investment-grade corporate bonds.
Each of these metrics represents a key aspect of financial conditions:
VIX: Equity market risk.
MOVE: Bond market risk.
High-Yield Spread and Credit Spread: Perception of risk in corporate debt.
2. Z-Score Calculation
A z-score standardizes each metric to show how far it deviates from its average over a specified period (lookback = 160, or 160 days):
Positive z-scores indicate the metric is higher than average.
Negative z-scores indicate the metric is lower than average.
The formula for the z-score:
Z-Score = Metric − Mean
Standard Deviation Z-Score = Standard Deviation Metric−Mean
3. Combined Z-Score
The script combines the four individual z-scores into a single Composite Z-Score, equally weighted across the metrics:
Combined Z-Score = (Z VIX + Z MOVE + Z High-Yield Spread + Z Credit Spread) / 4
This Combined Z-Score provides an overall measure of financial conditions:
Positive combined z-scores indicate tighter or riskier financial conditions.
Negative combined z-scores indicate looser or less risky financial conditions.
4. Visual Elements on the Chart
A. Colorful Lines: Individual Z-Scores
Each of the four metrics is plotted as a separate line:
Red: Z-score of the VIX.
Green: Z-score of the MOVE index.
Orange: Z-score of the high-yield spread.
Purple: Z-score of the credit spread.
These lines show how each metric contributes to the overall financial conditions. For example:
A rising red line means increasing equity market volatility (risk).
A rising green line means increasing bond market volatility (risk).
B. Blue Line: Combined Z-Score
The blue line represents the Combined Z-Score. It aggregates the individual z-scores into a single measure:
A rising blue line suggests financial conditions are tightening (greater risk across markets).
A falling blue line suggests financial conditions are loosening (lower risk across markets).
C. Red and Green Background: Z-Score Regions
Red Background: When the Combined Z-Score is positive (>0), it indicates riskier or tighter financial conditions.
Green Background: When the Combined Z-Score is negative (<0), it indicates less risky or looser financial conditions.
This background coloring helps visually distinguish periods of riskier financial conditions from less risky ones.
5. Purpose of the Visualization
This indicator provides a comprehensive view of financial conditions across multiple asset classes:
Traders can use it to gauge the level of systemic market stress.
Investors can use it to assess when risk is elevated (positive z-scores) or subdued (negative z-scores).
It helps in decision-making for strategies that depend on market volatility or risk appetite.
Summary of What You See:
Colorful Lines (Red, Green, Orange, Purple): Individual z-scores for each metric (VIX, MOVE, high-yield spread, credit spread).
Blue Line: The aggregated Combined Z-Score that summarizes financial conditions.
Red and Green Background:
Red: Tight or risky financial conditions (Combined Z-Score > 0).
Green: Loose or low-risk financial conditions (Combined Z-Score < 0).
This visualization provides a multi-dimensional view of financial conditions at a glance, helping to identify periods of high or low risk in the markets.
Correlation Pro
Smart Correlation Pro is an indicator for assessing the correlation between two assets in the market. It analyzes correlation over a selected period and provides traders with flexible tools for making informed decisions.
Key Features:
1. Correlation coefficient (-1 to 1):
• 1: Perfect positive correlation (movement in the same direction).
• 0: No correlation (assets are independent).
• -1: Perfect negative correlation (movement in opposite directions).
2. Dynamic analysis:
• Changes the color of the line depending on the strength of the correlation:
• Green — high positive correlation.
• Red — high negative correlation.
• Gray — weak or no correlation.
3. Trading signals:
• Automatic alerts when important correlation levels are reached (> 0.8 or < -0.8).
• Visual cues for identifying potential entry points or risk diversification.
4. Customizable settings:
• Compare any two assets (e.g., BTC and ETH).
• Ability to choose the correlation calculation period.
Who it’s for:
• Traders analyzing coin movements in the cryptocurrency market.
• Investors looking for the strongest or weakest assets for their portfolio.
• Those working with hedging or diversification strategies.
How to Use:
1. Set the second asset in the indicator settings.
2. Analyze the correlation change on the chart:
• High positive correlation → similar price movement, opportunity for hedging.
• High negative correlation → opposite movement, suitable for diversification.
• Low correlation → independence of assets, opportunity to choose the stronger asset.
Benefits:
• Easy to use.
• Instant analysis of asset correlations.
• Increases decision-making accuracy in the market.
(Опис:
Smart Correlation Pro — це індикатор для оцінки взаємозв’язку між двома активами на ринку. Він аналізує кореляцію за обраним періодом та надає трейдерам гнучкі інструменти для ухвалення обґрунтованих рішень.
Основні можливості:
1. Коефіцієнт кореляції (-1 до 1):
• 1: Ідеальна позитивна кореляція (рух в одному напрямку).
• 0: Відсутність кореляції (активи незалежні).
• -1: Ідеальна негативна кореляція (рух у протилежних напрямках).
2. Динамічний аналіз:
• Змінює колір лінії залежно від сили кореляції:
• Зелений — висока позитивна кореляція.
• Червоний — висока негативна кореляція.
• Сірий — слабка або відсутня кореляція.
3. Сигнали для трейдингу:
• Автоматичні оповіщення при досягненні важливих рівнів кореляції (> 0.8 або < -0.8).
• Візуальні підказки для визначення можливих точок входу або диверсифікації ризиків.
4. Гнучкість налаштувань:
• Порівнюйте будь-які два активи (наприклад, BTC та ETH).
• Можливість обирати період розрахунку кореляції.
Кому підходить:
• Трейдерам, які аналізують рух монет на криптовалютному ринку.
• Інвесторам, що шукають найсильніші або найслабші активи для портфеля.
• Тих, хто працює з хеджуванням або диверсифікацією.
Як використовувати:
1. Встановіть другий актив у параметрах індикатора.
2. Аналізуйте зміну кореляції на графіку:
• Висока позитивна кореляція → схожий рух цін, можливість хеджування.
• Висока негативна кореляція → протилежний рух, підходить для диверсифікації.
• Низька кореляція → незалежність активів, можливість вибору сильнішого активу.
Переваги:
• Простота у використанні.
• Миттєвий аналіз взаємозв’язків між активами.
• Підвищує точність рішень на ринку.)
Smart Scalper - Liquidez + Tendência + Confirmação### Crypto Master Indicator (CMI) - Summary for TradingView Users
**Purpose**: The Crypto Master Indicator (CMI) is a versatile Pine Script (v5) tool for traders, combining Moving Averages, RSI, MACD, Bollinger Bands, Volume, and ATR to generate buy/sell signals, identify trends, and support risk management. Ideal for crypto trading but adaptable to other markets.
**Key Features**:
- **Indicators Used**: Fast/Slow EMA (8/21), SMA (50), RSI (14), MACD (12,26,9), Bollinger Bands (20, 2.0), Volume, ATR (14).
- **Buy Signals**: Triggered by uptrend, bullish EMAs, momentum (RSI > 50, MACD bullish), or price breaking above Bollinger Bands. Strong signals (2+ conditions) are bright green triangles.
- **Sell Signals**: Triggered by downtrend, bearish EMAs, negative momentum, or price breaking below Bollinger Bands. Strong signals are bright red triangles.
- **Visuals**: Plots EMAs, Bollinger Bands, signal triangles, and a status table (trend, RSI, MACD, volume, EMAs). Candles are colored by trend (green/red/gray).
- **Alerts**: For buy, sell, strong buy, and strong sell signals.
- **Support/Resistance**: Dynamic levels based on Bollinger Bands and EMAs (not plotted by default).
**How to Use**:
1. **Signals**: Green triangles (buy) below bars, red/orange (sell) above. Stronger signals are brighter.
2. **Confirmation**: Check the status table for trend, momentum, and volume. Prefer high-volume signals in the trend direction.
3. **Risk Management**: Stop-loss at 2x ATR, take-profit at 3x ATR or near support/resistance.
4. **Timeframes**: 15M/1H for day trading, 4H/1D for swing trading.
5. **Customization**: Adjust periods, toggle visuals, or uncomment support/resistance lines.
**Tips**:
- Confirm signals with price action or patterns.
- Avoid trading against extreme RSI levels (>70 or <30).
- Backtest for your market/timeframe.
- Set alerts for real-time notifications.
This indicator simplifies decision-making while offering flexibility for various trading styles. Adjust settings to optimize for your strategy!
Belev Echad IndicatorSmart Indicator showing SMA (20, 50, 100, 200), ATR, RSI values as well as the respected company's name as a watermark for educational purposes in Belev Echad.
Smart Directional Fib Zone (Selectable Session)🎯 Overview
This indicator plots a dynamic Fibonacci zone between the 0.5 and 0.618 levels , calculated from the previous day’s price action , and is designed specifically for intraday traders.
It visually highlights key retracement or reaction areas where the market often pauses or reverses.
🔍 How it works
At the start of each day, the script automatically captures:
the previous day’s open (pdo),
high (pdh),
low (pdl),
and close (pdc).
It then determines if the previous day was bullish (Close > Open) or bearish (Close < Open).
Based on that:
If the previous day was bullish, it projects the Fibonacci levels down from the high (typical for expecting retracements).
If bearish, it projects them up from the low.
The two key levels are:
0.5 (50%) retracement / projection
0.618 (61.8%) retracement / projection
A colored zone is plotted between these levels to act as a leading guide for intraday setups.
⏰ Time filtering & session customization
A unique feature is the dynamic session filtering:
By default, the zone is only plotted during active market hours, keeping your chart clean outside trading hours.
The script provides a dropdown selector so you can quickly switch between:
India session (9:15 to 15:30)
Europe session (9:00 to 17:30)
US session (9:30 to 16:00)
Or even define your own custom session times.
This makes it ideal for intraday traders in any region.
🎨 Visual features
The fill zone changes color based on the previous day’s sentiment:
Green zone if the previous day was bullish
Red zone if the previous day was bearish
🚨 Alerts
The script includes an alert condition, so you can easily set up TradingView alerts to notify you when:
Price enters the Fibonacci zone.
This is extremely helpful for catching retracements or reversals without staring at the screen all day.
⚙️ How to use
✅ Works on any intraday timeframe (1 min, 5 min, 15 min, etc.).
✅ Simply add it to your chart, pick your session in the dropdown, and watch the Fibonacci zone automatically adjust to your selected market hours.
Use it as a confluence tool alongside other indicators like VWAP, EMAs, Bollinger Bands, or price action patterns to time entries and exits.
💪 Why this is powerful
This is more than a simple Fib retracement tool:
It dynamically adapts to the previous day’s sentiment, helping you trade in alignment with recent market psychology.
The session filtering ensures your charts are focused only on the periods
Smart S/R ZonesThis is not your average S/R script.
It combines proximity, bounce frequency, and volume clustering to automatically identify the most reliable support and resistance zones on your chart — no guesswork needed.
How It Works:
• Scans for recent highs/lows, SMA50 & SMA200, and pivot swing points
• Ranks each potential level using a weighted scoring system:
• Proximity to current price (50%)
• Bounce Count (30%) — how many times price respected that level
• Volume Score (20%) — how much volume traded around that level
• The top support and resistance levels are plotted with:
• Clear dashed lines
• Color-filled zones
• Simple percentage distance labels
Why This Script Stands Out:
• No settings to tweak — it just works
• Helps you react faster with high-confidence levels
• Adapts to any market: crypto, forex, stocks, indexes
• Ideal for both intraday and swing trading setups
Built-in Intelligence. Clean Visuals. Zero Noise.
Smart Mean Reversion DashboardThis indicator is designed to help traders identify potential mean reversion opportunities using a combination of Bollinger Bands, RSI, and deviation from the moving average. It provides a clean, visually appealing dashboard that displays key metrics and signals in real-time.
How to Read and Use:
Deviation from Mean:
Displays the percentage deviation of the current price from the moving average.
A high positive or negative deviation may indicate overextension and a potential mean reversion opportunity.
Bollinger Band Status:
Indicates whether the price is inside or outside the Bollinger Bands.
"Outside Upper" suggests overbought conditions, while "Outside Lower" suggests oversold conditions.
RSI Status:
Shows whether the RSI is in overbought (>70), oversold (<30), or neutral conditions.
Overbought and oversold levels can confirm potential reversal zones.
Signal:
BUY: Triggered when the price is outside the lower Bollinger Band and RSI is in the oversold zone.
SELL: Triggered when the price is outside the upper Bollinger Band and RSI is in the overbought zone.
WAIT: No clear signal; wait for better conditions.
Important Notes:
This is NOT a buy or sell recommendation. This indicator is a tool to assist in identifying potential trading opportunities. Always use it in conjunction with your own analysis and risk management.
The signals generated by this indicator are based on historical data and do not guarantee future performance.
It is recommended to use this indicator alongside other technical analysis tools and confirm signals with price action or other strategies.
Features:
Dashboard: Displays deviation, Bollinger Band status, RSI status, and signals in a clean, movable interface.
Customizable Settings: Adjust Bollinger Band length, RSI length, and moving average length to suit your trading style.
Visual Enhancements: Color-coded signals and metrics for easy interpretation in both light and dark modes.
Disclaimer:
Trading involves significant risk, and past performance is not indicative of future results. This indicator is for educational purposes only and should not be considered financial advice. Always consult with a financial advisor before making trading decisions.
