Trend Continuation Signals [AlgoAlpha]Introducing the Trend Continuation Signals by AlgoAlpha 🌟🚀
Elevate your trading game with this multipurpose indicator, designed to pinpoint trend continuation opportunities as well as highlight volatility and oversold/overbought conditions. Whether you're a trading novice or a seasoned market veteran, this tool offers intuitive visual cues to boost your decision-making and enhance your market analysis. Let's explore the key features, how to use it effectively, and delve into the operational mechanics that make this tool a game-changer in your trading arsenal:
Key Features:
🔥 Advanced Trend Detection : Leverages the Hull Moving Average (HMA) for superior trend tracking as compared to other MAs, offering unique insights into market momentum.
🌈 Volatility Bands : Implements adjustable bands around the trend line, which evolve with market conditions to highlight potential trading opportunities.
⚡ Trend Continuation Signals : Identifies bullish and bearish continuation signals, equipping you with actionable signals to exploit the prevailing market trend.
🎨 Intuitive Color Coding : Employs a vibrant color scheme to distinguish between uptrends, downtrends, and neutral phases, facilitating easy interpretation of the indicator's insights.
🛠 How to Use "Trend Continuation Signals ":
🔍 Setting Up : Incorporate the indicator onto your chart and customize the indicator to suite your preferences.
👀 Reading the Signals : Pay attention to the color-coded trend lines and volatility bands. Green indicates an uptrend, red signifies a downtrend, and gray denotes a neutral market condition.
📈 Identifying Entry Points : Look for bullish (▲) and bearish (▼) continuation icons below or above the price bars as signals for potential entry points for long or short positions, respectively.
🔄 Confirmation : Validate your trades with further analysis or other indicators. The Trend Continuation Signals are most effective when complemented by other technical analysis tools or fundamental insights.
📉 Risk Management : Implement stop-loss orders in line with your risk appetite and adjust them based on the volatility bands provided by the indicator to safeguard your investments.
How It Operates:
The essence of the indicator is captured through the hull moving averages for both the primary and secondary lines, set at periods of 93 and 50, respectively, to reflect market trends and pullbacks that trigger the continuation signals every time price recovers from a detected pullback.
Volatility is quantified through the standard deviation of the midline, magnified by a factor, establishing the upper and lower trend band boundaries.
Further volatility bands are plotted around the main volatility band, providing a granular view of market volatility and potential breakout or breakdown zones.
Market trend direction is determined by comparing the HMA line's current position to its previous value, enhanced by the secondary line to identify continuation patterns.
Embrace the power of the Trend Continuation Signals to enhance your trading strategy! It is important to note that all indicators are best used in confluence with other forms of analysis, happy trading! 📊💥
Cari dalam skrip untuk "trend"
Harmonic Trend Fusion [kikfraben]📈 Harmonic Trend Fusion - Your Personal Trading Assistant
This versatile tool combines multiple indicators to provide a holistic view of market trends and potential signals.
🚀 Key Features:
Multi-Indicator Synergy: Benefit from the combined insights of Aroon, DMI, MACD, Parabolic SAR, RSI, Supertrend, and SMI Ergodic Oscillator, all in one powerful indicator.
Customizable Plot Options: Tailor your chart by choosing which signals to visualize. Whether you're interested in trendlines, histograms, or specific indicators, the choice is yours.
Color-Coded Trends: Quickly identify bullish and bearish trends with the color-coded visualizations. Stay ahead of market movements with clear and intuitive signals.
Table Display: Stay informed at a glance with the interactive table. It dynamically updates to reflect the current market sentiment, providing you with key information and trend direction.
Precision Control: Fine-tune your analysis with precision control over indicator parameters. Adjust lengths, colors, and other settings to align with your unique trading strategy.
🛠️ How to Use:
Customize Your View: Select which indicators to display and adjust plot options to suit your preferences.
Table Insights: Monitor the dynamic table for real-time updates on market sentiment and trend direction.
Indicator Parameters: Experiment with different lengths and settings to find the combination that aligns with your trading style.
Whether you're a seasoned trader or just starting, Harmonic Trend Fusion equips you with the tools you need to navigate the markets confidently. Take control of your trading journey and enhance your decision-making process with this comprehensive trading assistant.
Multi Timeframe Trend StrengthThis code is an advancement of my previous percentile-based trend strength. It follows the same concept, except this code display the trend and trend strength in multiple timeframe (1 min, 5 min, 15 min, 1hr and 4hr).
This gives an indication of the trend is evolving and allows to see how short-term trend matches with the long-term trend.
How it works:
The script assesses trend strength through percentile values derived from high and low prices across various time periods. It categorizes the current trend as either Bullish, Bearish, or N/A (No Trend) with the following steps:
Percentile Calculations: The code calculates the 75th percentile of high prices (e.g., percentile_13H) and the 25th percentile of low prices (e.g., percentile_13L) for specified Fibonacci-based periods (13, 21, 34, 55, 89, and 144). These percentiles serve as thresholds for identifying strong trends.
Calculate Highest High and Lowest Low: It computes the highest high (75th percentile high price of the longest period) and lowest low (25th percentile low price of the longest period), referred to as highest_high and lowest_low. These values establish critical price levels.
Trend Strength Conditions: For each percentile and period, the code checks if the percentile exceeds the highest high (trendBull) or falls below the lowest low (trendBear). These conditions gauge the strength of bullish and bearish trends.
Count Bull and Count Bear: Variables countBull and countBear tally the number of bullish and bearish conditions met, helping assess trend strength.
Weak Bull and Weak Bear Count: The code calculates weak bullish and bearish conditions, occurring when percentiles fall within the range defined by highest_high and lowest_low but don't meet strong trend criteria.
Bull Strength and Bear Strength: bullStrength and bearStrength are calculated based on counts of bullish, bearish, weak bullish, and weak bearish conditions, representing overall trend strength.
Strong Bull and Bear Conditions: These conditions arise when the 75th percentile of high prices (bull conditions) or the 25th percentile of low prices (bear conditions) surpass or dip below the highest high or lowest low, respectively, for the specified period. Strong conditions indicate robust trends with significant price movements.
Weak Bull and Bear Conditions: Weak conditions occur when percentiles fall within the range between highest_high and lowest_low, suggesting some bullish or bearish tendencies without reaching extreme levels. These imply less decisive trends.
Current Trend Identification: The current trend is determined by comparing bullStrength and bearStrength. A greater bullStrength indicates a Bull trend, greater bearStrength implies a Bear trend, and equal values denote No Trend (N/A).
LNL Trend SystemLNL Trend System is an ATR based day trading system specifically designed for intra-day traders and scalpers. The System works on any chart time frame & can be applied to any market. The study consist of two components - the Trend Line and the Stop Line. Trend System is based on a special ATR calculation that is achieved by combining the previous values of the 13 EMA in relation to the ATR which creates a line of deviations that visually look similar to the basic moving average but actually produce very different results ESPECIALLY in sideways market.
Trend Line:
Trend Line is a simple line which is basically a fast gauge represented by the 13 EMA that can change the color based on the current trend structure defined by multiple averages (8,13,21,34 EMAs). Trend Line is there to simply add the confluence for the current trend. Colors of the line are pretty much self-explanatory. Whenever the line turns red it states that the current structure is bearish. Vice versa for green line. Gray line represents neutral market structure.
Stop Line:
Stop Line is an ATR deviaton line with special calculation based on the previous bar ATRs and position of the price in relation to the current and previous values of 13 EMA. As already stated, this creates an ATR deviation marker either above or below the price that trails the price up or down until they touch. Whenever the price comes into the Stop Line it means it is making an ATR expansion move up or down .This touch will usually resolve into a reaction (a bounce) which provides trade opportunities.
Trend Bars:
When turned ON, Trend Bars can provide additional confulence of the current trend alongside with the Trend Line color. Trend Bars are based on the DMI and ADX indicators. Whenever the DMI is bearish and ADX is above 20 the candles paint themselfs red. And vice versa applies for the green candles and bullish DMI. Whenever the ADX falls below the 20, candles are netural (Gray) which means there is no real trend in place at the moment.
Trend Mode:
There are total of 5 different trend modes available. Each mode is visualizing different ATR settings which provides either aggressive or more conservative approach. The more tigher the mode, the more closer the distance between the price and the Stop Line. First two modes were designed for slower markets, whereas the "Loose" and "FOMC" modes are more suitable for products with high volatility.
Trend Modes:
1. Tight
Ideal for the slowest markets. Slowest market can be any market with unusually small average true range values or just simply a market that does have a personality of a "sleeper". Tight Mode can be also used for aggresive entries in the most ridiculous trends. Sometimes price will barely pullback to the Trend Line not even the Stop Line.
2. Normal
Normal Mode is the golden mean between the modes. "Normal" provides the ideal ATR lengths for the most used markets such as S&P Futures (ES) or SPY, AAPL and plenty of other highly popular stocks. More often than not, the length of this mode is respected considering there is no breaking news or high impact market event scheduled.
3. Loose
The "Loose" mode is basically a normal mode but a little bit more loose. This mode is useful whenever the ATRs jump higher than usual or during the days of highly anticipated news events. This mode is also better suited for more active markets such as NQ futures.
4. FOMC
The FOMC mode is called FOMC for a reason. This mode provides the maximum amount of wiggle room between the price and the Stop Line. This mode was designed for the extreme volatility, breaking news events or post-FOMC trading. If the market quiets down, this mode will not get the Stop Line touch as frequently as othete modes, thus it is not very useful to run this on markets with the average volatlity. Although never properly tested, perhaps the FOMC mode can find its value in the crypto market?
5. The Net
The net mode is basically a combination of all modes into one stop line system which creates "the net" effect. The Net provides the widest Stop Line zone which can be mainly appreciated by traders that like to use scale-in scale-out methods for their trading. Not to mention the visual side of the indicator which looks pretty great with the net mode on.
HTF (Higher Time Frame) Trend System:
The system also includes additional higher time frame (HTF) trend system. This can be set to any time frame by manual HTF mode. HTF mode set to "auto" will automatically choose the best suitable higher time frame trend system based on how appropriate the aggregation is. For everything below 5min the HTF Trend System will stay on 5min. Anything between 5-15min = 30min. 30min - 120min will turn on the 240min. 180min and higher will result in Daily time frame. Anything above the Daily will result in Weekly HTF aggregation, above W = Monthly, above M = Quarterly.
Background Clouds:
In terms of visualization, each trend system is fully customizable through the inputs settings. There is also an option to turn on/off the background clouds behind the stop lines. These clouds can make the charts more clean & visible.
Tips & Tricks:
1. Different Trend Modes
Try out different modes in different markets. There is no one single mode that will fit to everyone on the same type of market. I myself actually prefer more Loose than the Normal.
2. Stop Line Mirroring
Whenever the Stop Lines start to mirror each other (there is one above the price and one below) this means the price is entering a ranging sideways market. It does not matter which Stop Line will the price touch first. They can both be faded until one of them flips.
3. Signs of the Ranging Market
Watch out for signs of ranging market. Whenever the Trend System looses its colors whether on trend line or trend bars, if everything turns neutral (gray) that is usually a solid indication of a range type action for the following moments. Also as already stated before, the Stop Line mirroring is a good sign of the range market.
4. Trailing Tool, Trend System as an Additional Study?
In case you are not a fan of the colorful green / red charts & candles. You can switch all of them off and just leave the Stop Line on. This way you can use the benefits of the trend system and still use other studies on top of that. Similarly as the Parabolic SAR is often used.
5. The Flip Setup
One of my favorite trades is the Flip Setup on the 5min charts. Whenever the Stop Line is broken , the very first opposing touch after the Trend System flips is a usually a highly participated touch. If there is a strong reaction, this means this is likely a beginning of a new trend. Once I am in the position i like to trail the Stop Line on the 1min charts.
Hope it helps.
[tradinghook] - Renko Trend Reversal Strategy - Renko Trend Reversal Strategy
Short Title: - Renko TRS
Description:
The Renko Trend Reversal Strategy ( - Renko TRS) is a powerful and original trading approach designed to identify trend reversals in financial markets using Renko charts. Renko charts differ from traditional time-based charts, as they focus solely on price movements and ignore time, resulting in a clearer representation of market trends. This strategy leverages Renko charts in conjunction with the Average True Range (ATR) to capture trend reversals with high precision and effectiveness.
Key Concepts:
Renko Charts: Renko charts are unique chart types that only plot price movements beyond a predefined brick size, ignoring time and noise. By doing so, they provide a more straightforward depiction of market trends, eliminating insignificant price fluctuations and making it easier to spot trend reversals.
Average True Range (ATR): The strategy utilizes the ATR indicator, which measures market volatility and provides valuable insights into potential price movements. By setting the brick size of the Renko chart based on the ATR, the strategy adapts to changing market conditions, ensuring optimal performance across various instruments and timeframes.
How it Works:
The Renko Trend Reversal Strategy is designed to identify trend reversal points and generate buy or sell signals based on the following principles:
Renko Brick Generation: The strategy calculates the ATR over a user-defined period (ATR Length) and utilizes this value to determine the size of Renko bricks. Larger ATR values result in bigger bricks, capturing higher market volatility, while smaller ATR values create smaller bricks for calmer market conditions.
Buy and Sell Signals: The strategy generates buy signals when the Renko chart's open price crosses below the close price, indicating a potential bullish trend reversal. Conversely, sell signals are generated when the open price crosses above the close price, suggesting a bearish trend reversal. These signals help traders identify potential entry points to capitalize on market movements.
Stop Loss and Take Profit Management: To manage risk and protect profits, the strategy incorporates dynamic stop-loss and take-profit levels. The stop-loss level is calculated as a percentage of the Renko open price, ensuring a fixed risk amount for each trade. Similarly, the take-profit level is set as a percentage of the Renko open price to secure potential gains.
How to Use:
Inputs: Before using the strategy, traders can customize several parameters to suit their trading preferences. These inputs include the ATR Length, Stop Loss Percentage, Take Profit Percentage, Start Date, and End Date. Adjusting these settings allows users to optimize the strategy for different market conditions and risk tolerances.
Chart Setup: Apply the - Renko TRS script to your desired financial instrument and timeframe on TradingView. The Renko chart will dynamically adjust its brick size based on the ATR Length parameter.
Buy and Sell Signals: The strategy will generate green "Buy" labels below bullish reversal points and red "Sell" labels above bearish reversal points on the Renko chart. These labels indicate potential entry points for long and short trades, respectively.
Risk Management: The strategy automatically calculates stop-loss and take-profit levels based on the user-defined percentages. Traders can ensure proper risk management by using these levels to protect their capital and secure profits.
Backtesting and Optimization: Before implementing the strategy live, traders are encouraged to backtest it on historical data to assess its performance across various market conditions. Adjust the input parameters through optimization to find the most suitable settings for specific instruments and timeframes.
Conclusion:
The - Renko Trend Reversal Strategy is a unique and versatile tool for traders looking to identify trend reversals with greater accuracy. By combining Renko charts and the Average True Range (ATR) indicator, this strategy adapts to market dynamics and provides clear entry and exit signals. Traders can harness the power of Renko charts while effectively managing risk through stop-loss and take-profit levels. Before using the strategy in live trading, backtesting and optimization will help traders fine-tune the parameters for optimal performance. Start exploring trend reversals with the - Renko TRS and take your trading to the next level.
(Note: This description is for illustrative purposes only and does not constitute financial advice. Traders are advised to thoroughly test the strategy and exercise sound risk management practices when trading in real markets.)
Trend Reversal System with SR levelsHello All,
This is the Trend Reversal System with Support/Resistance levels script. long time ago I published it as closed source but now I upgraded it and and published as open-source with a different name. I hope it would be useful for you all while trading/analyzing.
The script has some parts in it: Setup, Count, SR levels, Risk levels & Targets . Now lets check them:
Setup Part: it has two part, Buy or Sell Setup. one of them can be active only. Buy setup: if current close checks if current is lower/equal than the close of the 5. bar. if yes then the script increases number of buy setup. and if it reaches 9 then the script checks if current low is lower/equal than the lows of last 3. and 4. bars, or if the low of the last bar is lower/equal than the lows of last 3. and 4. bars. if yes then the script increases the buy setup by 1. if these conditions met then it puts the label 'S' , same for Sell setup. S labels on both setup are potential reversals.
Count Part: If buy or sell setup reaches the 9 then Count part starts from 1. lets see buy count: If current close is lower/equal than the low of the 3. bar and buy count is lower than 12 or low of the bar 13 is less than or equal to the close of bar 8 then buy count increase or it's completed. if it's completed then the script puts C label, and it's potential reversal. of course there are some conditions that can cancel the count buy/sell or recycle/restart.
By using Setup and Count levels the script can show Support/Resistance Levels, Risk levels & Targets. SR levels are potential reversal levels.
Lets see some example screenshots:
Support/Resistance levels:
Potential Reversal levels and how setup/counts are shown:
Count part can recycle and the script shows it as 'R' , ( you can see the conditions for Recycle in the script ):
Count can be cancelled and and it's shown as 'x'
If the scripts find 9 on Setup or 13 on Count then it checks if it's a good level to buy/sell and if it decides it's good level then it shows TRSSetup Buy/Sell or TRSCount Buy/Sell and also shows the target. in following example the script checks and decide it's a good level to take long position. it can be aggressive or conservative, Conservative is recommended.
Enjoy!
Trend Counter [theEccentricTrader]█ OVERVIEW
This indicator counts the number of confirmed trend scenarios on any given candlestick chart and displays the statistics in a table, which can be repositioned and resized at the user's discretion.
█ CONCEPTS
Green and Red Candles
• A green candle is one that closes with a high price equal to or above the price it opened.
• A red candle is one that closes with a low price that is lower than the price it opened.
Swing Highs and Swing Lows
• A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
• A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
• The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
• The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Upper Trends
• A return line uptrend is formed when the current peak price is higher than the preceding peak price.
• A downtrend is formed when the current peak price is lower than the preceding peak price.
• A double-top is formed when the current peak price is equal to the preceding peak price.
Lower Trends
• An uptrend is formed when the current trough price is higher than the preceding trough price.
• A return line downtrend is formed when the current trough price is lower than the preceding trough price.
• A double-bottom is formed when the current trough price is equal to the preceding trough price.
Muti-Part Upper and Lower Trends
• A multi-part return line uptrend begins with the formation of a new return line uptrend, or higher peak, and continues until a new downtrend, or lower peak, completes the trend.
• A multi-part downtrend begins with the formation of a new downtrend, or lower peak, and continues until a new return line uptrend, or higher peak, completes the trend.
• A multi-part uptrend begins with the formation of a new uptrend, or higher trough, and continues until a new return line downtrend, or lower trough, completes the trend.
• A multi-part return line downtrend begins with the formation of a new return line downtrend, or lower trough, and continues until a new uptrend, or higher trough, completes the trend.
█ FEATURES
Inputs
Start Date
End Date
Position
Text Size
Show Sample Period
Table
The table is colour coded, consists of seven columns and, as many as, forty-one rows. Blue cells denote the multi-part trend scenarios, green cells denote the corresponding return line uptrend and uptrend scenarios and red cells denote the corresponding downtrend and return line downtrend scenarios.
The trend scenarios are listed in the first column with their corresponding total counts to the right, in the second and fifth columns. The last row in column one, displays the sample period which can be adjusted or hidden via indicator settings.
The third and sixth columns display the trend scenarios as percentage of total 1-part trends. And columns four and seven display the total trend scenarios as percentages of the, last, or preceding trend part. For example 4-part trends as a percentages of 3-part trends. This offers more insight into what might happen next at any given point in time.
Plots
For a visual aid to this indicator please use in conjunction with my Return Line Uptrends, Downtrends, Uptrends and Return Line Downtrends indicators which can all be found on my profile page under scripts, or in community scripts under the same names. Unfortunately, I could not fit all the plots with the correct offsets into one script so I had to make a separate indicator for each trend type. I decided against labels as this would limit the visual data points to 500.
Green up-arrows, with the number of the trend part, denote return line uptrends and uptrends. Red down-arrows, with the number of the trend part, denote downtrends and return line downtrends.
█ HOW TO USE
This is intended for research purposes, strategy development and strategy optimisation. I hope it will be useful in helping to gain a better understanding of the underlying dynamics at play on any given market and timeframe.
It can, for example, give you an idea of whether the current trend will continue or fail, based on the current trend scenario and what has happened in the past under similar circumstances. Such information can be very useful when conducting top down analysis across multiple timeframes and making strategic decisions.
What you do with these statistics and how far you decide to take your research is entirely up to you, the possibilities are endless.
█ LIMITATIONS
Some higher timeframe candles on tickers with larger lookbacks such as the DXY , do not actually contain all the open, high, low and close (OHLC) data at the beginning of the chart. Instead, they use the close price for open, high and low prices. So, while we can determine whether the close price is higher or lower than the preceding close price, there is no way of knowing what actually happened intra-bar for these candles. And by default candles that close at the same price as the open price, will be counted as green. You can avoid this problem by utilising the sample period filter.
The green and red candle calculations are based solely on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with. Alternatively, you can replace the scenarios with your own logic to account for the gap anomalies, if you are feeling up to the challenge.
It is also worth noting that the sample size will be limited to your Trading View subscription plan. Premium users get 20,000 candles worth of data, pro+ and pro users get 10,000, and basic users get 5,000. If upgrading is currently not an option, you can always keep a rolling tally of the statistics in an excel spreadsheet or something of the like.
Trend Dominance Multi Timeframe [Misu]█ This indicator shows the repartition of bullish and bearish trends over a certain period in multiple timeframes. It's also showing the trending direction at the time.
█ Usages:
Trend dominance is expressed with two percentages: left is downtrend and right is uptrend. Cell colors turn green if dominance is up and red if it is down.
Knowing the trend dominance allows you to have a better overview of the market conditions.
You can use it to your advantage to favor long or short trades, reversal or breakout strategies, etc.
█ Features:
> Table colors
> Instant Trend Multitimeframe
> Trend Dominance Multitimeframe
█ Parameters:
> Length: Length is used to calculate ATR.
> Atr Multiplier: A factor used to balance the impact of the ATR on the Trend Bands calculation.
> UI Settings
Fractal-Dimension-Index-Adaptive Trend Cipher Candles [Loxx]Fractal-Dimension-Index-Adaptive Trend Cipher Candles is a candle coloring indicator that shows both trend and trend exhaustion using Fractal Dimension Index Adaptivity. To do this, we first calculate the dynamic period outputs from the FDI algorithm and then we injection those period inputs into a correlation function that correlates price input price to the candle index. The closer the correlation is to 1, the lighter the green color until the color turns yellow, sometimes, indicating upward price exhaustion. The closer the correlation is to -1, the lighter the red color until it reaches Fuchsia color indicating downward price exhaustion. Green means uptrend, red means downtrend, yellow means reversal from uptrend to downtrend, fuchsia means reversal from downtrend to uptrend.
What is the Fractal Dimension Index?
The goal of the fractal dimension index is to determine whether the market is trending or in a trading range. It does not measure the direction of the trend. A value less than 1.5 indicates that the price series is persistent or that the market is trending. Lower values of the FDI indicate a stronger trend. A value greater than 1.5 indicates that the market is in a trading range and is acting in a more random fashion.
Included
Loxx's Expanded Source Types
Related indicators:
Adaptive Trend Cipher loxx]
CFB-Adaptive Trend Cipher Candles
Dynamic Zones Polychromatic Momentum Candles
RSI Precision Trend Candles
Trend Indicator (dow trending) - FontiramisuIndicator showing pivots and interpret a trend out of it.
Pivots are calculating with deviation parameter to validate with more precision.
Trending moves are calculated according to Dow Theory :
In an uptrend, if the price made a new high, the price must make a new high to confirm the trend, otherwise, it might signal a possible change in the trend.
In an uptrend, if the price made a new low, the price must make a new low to confirm the trend, otherwise, it might signal a possible change in the trend.
The indicator can show 2 trends with 2 different "Pivot Depth"
See indicator parameters.
Tab is display at the bottom right corner to show trend direction and if it is hesitating
Fontilab Library is used to code this indicator
Trend Analysis Index [CC]The Trend Analysis Index was created by Adam White and not to be confused with the Trend Analysis Indicator that I also published. This indicator operates under the same idea but using a completely different calculation to achieve similar results. The idea behind this indicator is for a combination of volatility and trend confirmation. If the indicator is above it's signal line then the stock is very volatile and vice versa. If the stock is currently trending as in above a chosen moving average for example and the indicator falls below the signal line then there is a pretty good chance in a trend reversal. The recommended buy and sell system to use is to pair this indicator with a moving average crossover system which I have included in the script. Buy when the indicator is above it's signal and the shorter moving average crosses above the longer moving average. For selling you would do the same and sell when the indicator is above it's signal and the shorter moving average crosses below the longer moving average. I have included strong buy and sell signals in addition to the normal ones so stronger signals are darker in color and normal signals are lighter in color.
Let me know what other indicators or scripts you would like to see me publish!
TrendLineScalping-BasicDear Traders,
Here is the thought which came to my mind on the trendline break scalping. sometimes during the trade we do plot trendlines and we do anticipate for the line to break and take a trade. with the same thing in mind I had created this basic script to help you and other to create based on the logic used in the script.
This is just a logic based script and doesn't do any kind of wonders. Hence you may use it as necessary.
Regards....
8X Trend ATR SAR Dingue V58X Trend ATR SAR Dingue V5 - This is the updated version for Pine Script 5.
8x indicator into 1 :
2x ATR indicator - 3x Trend indicator - 3x SAR indicator
Trends are helpful to spot reversal and support resistance, especially on bigger time frames.
This indicator gives you a global view of various trends all at once. You can easily turn them On or Off as to not clog the screen.
Each trend is also color-coded to visualize quickly the position of the price compared to it.
You can customize lengths, adjust line sizes, have the start of a new trend marked with a circle, fill in colors.
'Tool tips' explain other settings and if you have any questions, feel free to ask in the comments below.
Thank you for the feedback and check all my ‘Dingue’ indicators.
TrendLine ChannelsAbstract
This script provides a set of Trendline Channels which can be tighter than Donchian Channels.
This script computes the most suitable active upper and lower trendlines and updates them as soon as possible.
We can use it for breakout signals earlier than Donchian Channels.
Introduction
Channels are tools which can mark area of values of ranging markets.
Once the price leaves the original region, range traders may start admitting they are wrong and trigger trend.
Donchian Channels (misheard as Dungeon Channels) use the highest and the lowest price to define area of values.
When the price breakouts, it just like it got released from a dungeon.
However, waiting for the price making even higher or lower may be too late and risk reward ratio may be lower.
Trendlines can make the channels tighter and we can find earlier breakout signals.
Computing Trendline Channels
(1) Find the most active trendlines
In this script, a valid trendline connects two high values or two low values.
A high value means the highest value in a trading day.
A low value means the lowest value in a trading day.
In this script, every trendline does not crossover any bar but can exactly touch them.
The most flat trendline is taken. (one for upper and one for lower)
(2) Continue to use or Change a trendline
If there is a tighter trendline available, this script changes to use it.
If the previous active trendline is broken, this script re-computes the trendline available.
When this case happens, this script display with an another color.
Otherwise, this script continues using the previous trendline.
(3) Middle line
The middle line indicates the middle value between the upper and the lower.
Parameters
Length : how many days are used for computation. The default value is 16 just because 16=4*4, using binary characteristic.
x_go_on : If the previous trendline is not breakout and there are no tighter trendlines available, we continue use it.
Color Options
(1) Upper trendline (no update or tighter)
(2) Upper trendline (changed due to breakout)
(3) Middle line
(4) Lower trendline (no update or tighter)
(5) Lower trendline (changed due to breakout)
Conclusion
Trendline Channels can be tighter than Donchian Channels and evaluate earlier breakout signals.
Comparing to known auto trendline scripts, Trendline Channels is continuous.
Once a trendline is broken, Trendline Channels can instantly point out the next available one.
If you think the price movement is boring or you cannot have good risk reward ratio, you can go to an another timeframe.
Reference
How to trade with Donchian Channels
How to trade with Trendlines
SMA + Trend Strength + Trailing Stop LossThe 'SMA + Trend Strength + Trailing Stop Loss' indicator was designed for swing trading long positions over the course of days/weeks. The benefit of the indicator is to identify areas where the market of a given asset is showing signs of a strong uptrend, divergences, and fear. A 13-bar simple moving average is color coded to four colors based on 5 given conditions at a time, which are represented as a trend meter on the bottom right of the screen. A trailing stop loss indicator is included to secure your profits or limit your loss in case the market reverses on you unexpected. Please use this indicator responsibly with proper risk management, and never rely on the indicator by itself for buy and sell signals.
When the simple moving average color is green, it means that at least 4 of 5 conditions are confirming a move upwards, this is when you can take an entry into a trade based on your entry strategy. As the trend continues, the color will eventually change to yellow signaling a divergence. This is when you can use your exit strategy to find a good point to sell. It is wise not to take new positions when the color is trending yellow.
If the color changes from yellow to orange, that is a warning sign that the trend is about to change or has begun to change. Prices may have already fallen. However, sometimes the color will change from yellow back to green signaling a continuation of the trend. You can either keep holding or take a new position in this instance.
When the color is red, this signals fear in the market, you should stay out of the market at first. However, as the market consolidates and the color starts changing back to orange, this is an opportunity to take a long position at a reasonably low price.
Simple Moving Average (13-Bar) Color Explanation:
The colors change based on 5 market conditions represented in the trend meter.
Green: Strong Uptrend
Yellow: Divergence Present
Orange: Warning
Red: Fear
Trend Meter Explanation:
The trend meter draws 5 arrows indicating bullish or bearish presence.
LL = Lower Lows - Detects when the market is trending with lower lows.
HH = Higher Highs - Detects when the market is trending with higher highs.
MA = SMA Direction - A formula is used to determine the direction of the SMA.
DI = Directional Index - Identifies when upwards momentum is trending.
RSI = Relative Strength Index - Identifies when the RSI is in an uptrend state.
Note: For advanced users, this indicator has a hidden DMI(4, 4, 4) and RSI(14) indicator used to determine the last two conditions. The Directional Index is based on a DI Plus momentum moving average to determine a momentum trend and the RSI trending over 50 will constitute an uptrend signal as below 50 it will point down.
Trailing stop loss:
The trailing stop loss is determined based on the lowest price of the last 8 bars.
A gray step-line is drawn at the suggested stop activation price.
A red step-line is drawn at the suggested stop limit price.
When the price breaches the trailing stop, a red X will appear below the bar.
You can turn each of these features on or off based on your preference. Happy trading!
Trend Following with Moving AveragesHello Traders,
With the info "Trend is Your Friend ", you should not take position against the trend. This script checks multipte moving averages if they are above/below the closing price and try to find trend. The moving averages with the length 8, 13, 21, 34, 55, 89, 144, 233, 377 used. these are fibonacci numbers, but optionally you can change the lengths of each moving averages. while it's green you better take long positions, while it's red you better take short positions according to other indcators or tools.
Optionally you have "smoothing" option to get rid of whipsaws. it's enabled by default.
You have option to use following moving average types: EMA, SMA, RMA, WMA, VWMA. by default it's EMA
Also the script has "Resolution" option. with this option you can get the trend for other time frames, in following example 1h was set as for higher time frame on 15m chart:
This should not be used as buy/sell signal indicators as it's tries to find trend but not entry points, you should use other indicators (such RSI, Momentum) or other tools to find buy/sell signals.
Enjoy!
Trend SniperThis is a leading indicator showing wave reversal points.
By drawing trendlines on this indicator you can quickly see a break of the trendline before the break on a price chart trendline.
Manually draw trendlines on the indicator to form an uptrend or downtrend.
A break down of the upward trendline gives a sell signal.
A break up of the downward trendline gives a buy signal.
Also included an extra timeframe (Blue Line) to give a bigger perspective from different timeframes. You can choose your own different timeframe that can be lower or higher than your current price chart timeframe.
For example: Place your chart on 1H and draw your trendlines on the indicator. Set the extra timeframe to 4H of 1D to see the overall trend and motion.
By using this indicator the way we suggest, you will be able to get good trend continuation signals
Trend Lines for RSI, CCI, Momentum, OBVHello Traders!
After publishing Trend Lines for RSI yesterday, I realized that Trend Lines for more indicators needed by the traders. so I decided to make it for four different indicators: RSI, CCI, OBV, Momentum
In the indicator options you can choose the indicator from pull-down menu.
How it works?
- On each bar it finds last 10 higher and lower Pivot Points (PP) for the indicator.
- from first bar to 10. Pivot Point it searchs if a trend line is possible
- for each PP it starts searching from the last PP .
- it checks if drawing a trend line possible or not and also it's broken or not
- if it's broken then optionally it shows broken trend lines as dotted (or you can option not to see broken lines)
- if it finds a continues trend line then it stops searhing more and draw trend line, this is done by checking angles (I did this to make the script faster, otherwise you may get error because of it needs time more than .2sec)
- the script makes this process for each PP
- then shows the trend lines
P.S. it may need 3-10 seconds when you added the script to the chart at first (because of calculations)
Trend lines for CCI:
Trend Lines for OBV
Trend Lines for Momentum:
You may want to watch how Trend Lines script works (that was made for RSI)
s3.tradingview.com
If you still didn't see Trend Lines v2 then visit:
All Comments are welcome..
Enjoy!
Trend Lines v2Hello Everyone. After working on new and better trend lines script for couple of weeks, finally I am proud to publish Trend Lines v2.
How it works?
- On each bar it finds last 10 higher and lower Pivot Points (PP).
- from first bar to 10. PP it search if a trend line is possible
- for each it starts searching from the last PP.
- it check if drawing a trend line possible or not and also it's broken or not
- if it's broken then optionally it shows broken trend lines as dotted
- if it finds a continues trend line and stop searhing more and draw trend line (I did this to make the script faster, otherwise you may get error because of it needs time more than .2sec)
- the script makes this process for each PP
optionally trend lines may be Solid or Dashed
optionally you may get rid of broken trend lines if you think it's crowded
and sometimes you may not see any trend line on the chart. this means you need to adjust the period for Pivot Points accordingly
also I made a video. if you watch this video you can see how the script works.
Important! after you add this tool to the chart you may need zoom-in and zoom-out to see all lines!
I thought a lot to make it free or not then I decided make it free and open source. you should know there is a lot of effort for this script, so if you think this is usefull please consider a donation ;)
Enjoy!
Trend LinesHello Everyone! This is my new trend lines script (after beta version that was published almost one year ago)
The idea is to find Pivot Highs (PH) and Pivot Lows(PL) first.
Then, If current PH is smaller then previous PH (means no new higher high and possible downtrend) then draw trend line using them. and also it checks previous trend line (if exits) and if current angle is smaller then don't extend previous one.
Same idea when using Pivot Lows, If current PL is higher then previous PL (means no new lower low and possible uptrend) then draw trend line using them. and also it checks previous trend line (if exits) and if current angle is smaller then don't extend previous one.
Optionally style of old trend lines drawn as dashed.
Hope you enjoy it!
Trend Channel [Gu5]SMA 200 determines the trend
Bullish trend, green candles. Down trend, red candles.
If the market value is narrow to the SMA200 channel, yellow candles.
Setting recommended for SMA Range
BTCUSD = 100
EURUSD = 1000
SPX = 100
ETHUSD = 10
Trend Entry_0 [TS_Indie]Trend Entry_0 — Mechanism Overview
The core structure of this strategy is based on a price action reversal pattern, as detailed below:
In the case of a Bullish Trend Reversal:
The price initially moves in a bearish direction. When candle A forms a low lower than the previous low, the high of candle A becomes a key reference point.
If the next candle closes above the high of candle A , it confirms a Bullish Trend Reversal.
* Upon a Bullish signal, a Long position is opened at the opening price of the next candle (candle B).
* When a subsequent Bearish signal occurs, the Long position is closed at the opening price of the next candle (candle C).
In the case of a Bearish Trend Reversal:
The price initially moves in a bullish direction. When candle A forms a high higher than the previous high, the low of candle A becomes a key reference point.
If the next candle closes below the low of candle A , it confirms a Bearish Trend Reversal.
* Upon a Bearish signal, a Short position is opened at the opening price of the next candle (candle B).
* When a subsequent Bullish signal occurs, the Short position is closed at the opening price of the next candle (candle C).
Options
* The start and end dates of the backtest can be customized.
* The swing lines of the trend can be displayed as an optional visual aid.
* The user can choose whether to open only Long or Short positions.
Backtest Results and Observations
Based on the backtesting results of this strategy across various assets and timeframes, it has been observed that this approach works best on trending assets such as Gold, BTC, and stocks.
It also performs well on higher timeframes, starting from the Daily timeframe and above, especially when taking Long positions only.
However, when applied to currency pairs such as EUR/USD, the results tend to be less impressive.
I encourage everyone to try backtesting and further developing this strategy — adding new conditions or filters may potentially lead to improved performance.
Disclaimer
This script is intended solely for backtesting purposes, based on a particular price action pattern.
It does not constitute financial or investment advice.
Backtest results do not guarantee future performance.
Trend Following Reflectometry🧭 Trend Following Reflectometry (TFR)
Author: Stef Jonker
Version: Pine Script® v6
The Trend Following Reflectometry (TFR) indicator translates market behavior into the language of impedance and signal reflection theory, providing a unique way to measure trend strength, stability, and purity.
🧩 Summary
Trend Following Reflectometry acts as a trend-quality meter, helping traders identify when a trend is strong, efficient, and worth following — or when the market is too noisy to trust.
It blends physics-inspired logic with practical trading insight, offering both a directional oscillator and a trend stability filter in one tool.
⚙️ Concept
Inspired by electrical impedance matching, this tool compares the market’s characteristic impedance (Z₀) — its natural volatility-to-price behavior — with the load impedance (Zₗ), representing current trend momentum.
The interaction between these two produces a reflection coefficient (Gamma) and a VSWR ratio, which reveal how efficiently market trends are transmitting energy (moving smoothly) versus reflecting noise (becoming unstable).
📊 Core Components
Z₀ (Characteristic Impedance): Market baseline, derived from ATR and SMA.
Zₗ (Load Impedance): Trend momentum based on fast and slow EMAs.
Γ (Gamma – Reflection Coefficient): Measures the mismatch between Z₀ and Zₗ.
VSWR (Voltage Standing Wave Ratio): Quantifies trend purity — lower = cleaner trend.
Impedance Oscillator: Combines momentum and reflection to produce directional bias.
⚡ Gamma & VSWR Interpretation
Gamma (Γ) represents the reflection coefficient — how much of the market’s trend energy is being reflected instead of transmitted.
When Gamma is low, the market trend is smooth and efficient, moving with little resistance.
When Gamma is high, the market becomes unstable or overextended, signaling potential turbulence, exhaustion, or reversal pressure.
VSWR (Voltage Standing Wave Ratio) measures trend purity — how clean or distorted the current trend is.
A low VSWR indicates a well-aligned, steady trend that’s likely to continue smoothly.
A high VSWR suggests an unbalanced or noisy market, where trends may struggle to sustain or could soon reverse.
Together, Gamma and VSWR help identify how well the market’s current momentum aligns with its natural behavior — whether the trend is stable and efficient or reflecting instability beneath the surface.
