Tetra Trendline Indicator 2.0This script is designed to help traders visualize and identify potential overbought and oversold conditions in a financial instrument's price chart using four customizable trendlines. It also provides the option to set alerts for these conditions. Users can adjust the input parameters to tailor the indicator's behavior to their trading preferences.
Input Parameters: The script allows users to configure various input parameters to customize the behavior of the indicator. These parameters include:
showTrendlineX: Boolean inputs to control whether to show each of the four trendlines (Trendline 1, Trendline 2, Trendline 3, and Trendline 4).
trendlineColorX: Color inputs to specify the color of each trendline.
trendlineWidthX: Numeric inputs to set the width of each trendline.
trendlineLengthX: Numeric inputs to determine the length of each trendline.
alertOnTrendlineXBreak: Boolean inputs to enable or disable alerts for each trendline when they are breached.
Trendline Calculations: The script calculates the coordinates for each of the four trendlines. It does this by identifying the starting and ending points of each trendline based on user-defined parameters and the highest or lowest price levels within a specified length.
Plotting Trendlines: The script uses the plot function to display the calculated trendlines on the price chart. It also fills the area between the trendlines to visually emphasize the region.
Alert Conditions: The script defines alert conditions for each trendline. Alerts are triggered when certain price conditions are met:
Trendline 1: An alert is triggered when the price crosses above the Trendline 1 (indicating overbought conditions).
Trendline 2: An alert is triggered when the price crosses below the Trendline 2 (indicating oversold conditions).
Trendline 3: Similar to Trendline 1, an alert is triggered when the price crosses above Trendline 3 (overbought).
Trendline 4: Similar to Trendline 2, an alert is triggered when the price crosses below Trendline 4 (oversold).
Cari dalam skrip untuk "trend"
Traders Trend DashboardThe Traders Trend Dashboard (TTD) is a comprehensive trend analysis tool designed to assist traders in making informed trading decisions across various markets and timeframes. Unlike conventional trend-following scripts, TTD goes beyond simple trend detection by incorporating a unique combination of moving averages and a visual dashboard, providing traders with a clear and actionable overview of market trends. Here's how TTD stands out from the crowd:
Originality and Uniqueness:
TTD doesn't rely on just one moving average crossover to detect trends. Instead, it employs a dynamic approach by comparing two moving averages of distinct periods across multiple timeframes. This innovative methodology enhances trend detection accuracy and reduces false signals commonly associated with single moving average systems.
Market Applicability:
TTD is versatile and adaptable to various financial markets, including forex, stocks, cryptocurrencies, and commodities. Its flexibility ensures that traders can utilize it across different asset classes and capitalize on market opportunities.
Optimal Timeframe Utilization:
Unlike many trend indicators that work best on specific timeframes, TTD caters to traders with diverse trading preferences. It offers support for intraday trading (1m, 3m, 5m), short-term trading (15m, 30m, 1h), and swing trading (4h, D, W, M), making it suitable for a wide range of trading styles.
Underlying Conditions and Interpretation:
TTD is particularly effective during trending markets, where its multi-timeframe approach helps identify consistent trends across various time horizons. In ranging markets, TTD can indicate potential reversals or areas of uncertainty when moving averages converge or cross frequently.
How to Use TTD:
1. Timeframe Selection: Choose the relevant timeframes based on your trading style and preferences. Enable or disable timeframes in the settings to focus on the most relevant ones for your strategy.
2. Dashboard Interpretation: The TTD dashboard displays green (๐ข) and red (๐ด) symbols to indicate the relationship between two moving averages. A green symbol suggests that the shorter moving average is above the longer one, indicating a potential bullish trend. A red symbol suggests the opposite, indicating a potential bearish trend.
3. Confirmation and Strategy: Consider TTD signals as confirmation for your trading strategy. For instance, in an uptrend, look for long opportunities when the dashboard displays consistent green symbols. Conversely, in a downtrend, focus on short opportunities when red symbols dominate.
4. Risk Management: As with any indicator, use TTD in conjunction with proper risk management techniques. Avoid trading solely based on indicator signals; instead, integrate them into a comprehensive trading plan.
Conclusion:
The Traders Trend Dashboard (TTD) offers traders a powerful edge in trend analysis, combining innovation, versatility, and clarity. By understanding its unique methodology and integrating its signals with your trading strategy, you can make more informed trading decisions across various markets and timeframes. Elevate your trading with TTD and unlock a new level of trend analysis precision.
Curved Trend Channels (Zeiierman)โ Overview
Curved Trend Channels (Zeiierman) is a next-generation trend visualization tool engineered to adapt dynamically to both linear and non-linear market behavior. It introduces a novel curvature-based channeling system that grows over time during trending conditions, mirroring the natural acceleration of price trends, while simultaneously leveraging adaptive range filtering and dual-layer candle trend logic.
This tool is ideal for traders seeking smooth yet reactive dynamic channels that evolve with market structure. Whether used in curved mode or traditional slope mode, it provides exceptional clarity on trend transitions, volatility compression, and breakout development.
โ How It Works
โช Adaptive Range Filter Foundation
The core of the system is a volatility-based range filter that determines the underlying structure of the bands:
Pre-Smoothing of High/Low Data โ Highs and lows are smoothed using a selectable moving average (SMA, EMA, HMA, KAMA, etc.) before calculating the volatility range.
Volatility Envelope โ The range is scaled using a fixed factor (2.618) and further adjusted by a Band Multiplier to form the primary envelope around price.
Smoothed Volatility Curve โ Final bands are stabilized using a long lookback, ensuring clean visual structure and trend clarity.
โช Curved Channel Logic
In Curved Mode, the trend channel grows over time when the trend direction remains unchanged:
Base Step Size (ร ATR) โ Sets the minimum unit of slope change.
Growth per Bar (ร ATR) โ Defines the acceleration rate of the channel slope with time.
Trend Persistence Recognition โ The longer a trend persists, the more pronounced the slope becomes, mimicking real market accelerations.
This dynamic, time-dependent logic enables the channel to "curve" upward or downward, tracking long-standing trends with increasing confidence.
โช Trend Slope
As an alternative to curved logic, traders can activate a regular Trend slope using:
Slope Length โ Determines how quickly the trend line adapts to price shifts.
Multiplicative Factor โ Amplifies the sensitivity of the slope, useful in fast-moving markets or lower timeframes.
โช Candle Trend Confirmation
A robust second-layer trend detection method, the Candle Trend System evaluates directional pressure by analyzing smoothed price action:
Multi-tier Smoothing โ Trend lines are derived from short-, medium-, and long-term candle movement.
โ How to Use
โช Trend Identification
When the Trend Line direction and Candle Colors are in agreement, this indicates strong, persistent directional conviction. Use these moments to enter with trend confirmation and manage risk more confidently.
โช Retest
During ongoing trends, the price will often pull back into the dynamic channel. Look for:
Support/resistance interactions at the upper or lower bands.
โ Settings
Scaled Volatility Length โ Controls the historical depth used to stabilize the volatility bands.
Smoothing Type โ Choose from HMA, KAMA, VIDYA, FRAMA, Super Smoother, etc. to match your asset and trading style.
Volatility MA Length โ Smoothing length for the calculated range; shorter = more reactive.
High/Low Smoother Length โ Additional smoothing to reduce noise from spikes or false pivots.
Band Multiplier โ Widens or tightens the band range based on personal preference.
Enable Curved Channel โ Toggle between curved or regular trend slope behavior.
Base Step (ร ATR) โ The starting point for curved slope progression.
Growth per Bar (ร ATR) โ How much the slope accelerates per bar during a sustained trend.
Slope โ Reactivity of the standard trend line to price movements.
Multiplicative Factor โ Sensitivity adjustment for HyperTrend slope.
Candle Trend Length โ Lookback period for trend determination from candle structure.
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Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Exponential Trend [AlgoAlpha]OVERVIEW
This script plots an adaptive exponential trend system that initiates from a dynamic anchor and accelerates based on time and direction. Unlike standard moving averages or trailing stops, the trend line here doesn't follow price directlyโit expands exponentially from a pivot determined by a modified Supertrend logic. The result is a non-linear trend curve that starts at a specific price level and accelerates outward, allowing traders to visually assess trend strength, persistence, and early-stage reversal points through both base and volatility-adjusted extensions.
CONCEPTS
This indicator builds on the idea that trend-following tools often need dynamic, non-static expansion to reflect real market behavior. It uses a simplified Supertrend mechanism to define directional context and anchor levels, then applies an exponential growth function to simulate trend acceleration over time. The exponential growth is unidirectional and resets only when the direction flips, preserving trend memory. This method helps avoid whipsaws and adds time-weighted confirmation to trends. A volatility bufferโderived from ATR and modifiable by a width multiplierโadds a second layer to indicate zones of risk around the main trend path.
FEATURES
Exponential Trend Logic : Once a directional anchor is set, the base trend line accelerates using an exponential formula tied to elapsed bars, making the trend stronger the longer it persists.
Volatility-Adjusted Extension : A secondary band is plotted above or below the base trend line, widened by ATR to visualize volatility zones, act as soft stop regions or as a better entry point (Dynamic Support/Resistance).
Color-Coded Visualization : Clear green/red base and extension lines with shaded fills indicate trend direction and confidence levels.
Signal Markers & Alerts : Triangle markers indicate confirmed trend reversals. Built-in alerts notify users of bullish or bearish direction changes in real-time.
USAGE
Use this script to identify strong trends early, visually measure their momentum over time, and determine safe areas for entries or exits. Start by adjusting the *Exponential Rate* to control how quickly the trend expandsโthe higher the rate, the more aggressive the curve. The *Initial Distance* sets how far the anchor band is placed from price initially, helping filter out noise. Increase the *Width Multiplier* to widen the volatility zone for more conservative entries or exits. When the price crosses above or below the base line, a new trend is assumed and the exponential projection restarts from the new anchor. The base trend and its extension both shift over time, but only reset on a confirmed reversal. This makes the tool especially useful for momentum continuation setups or trailing stop logic in trending markets.
[GrandAlgo] ATR Trend MatrixThe ATR Trend Matrix is a dynamic trendline indicator designed to help traders visualize market structure using ATR-based trend projections. This tool adapts to price action and highlights potential support and resistance zones based on Average True Range (ATR) calculations.
Key Features
ATR-Based Trendlines โ Calculates and plots dynamic trendlines using an adjustable ATR factor.
Multi-Level Matrix System โ Provides up to four matrix levels, each customizable with different ATR multipliers.
Swing High & Low Detection โ Automatically detects market pivots to serve as anchor points for trendlines.
Adjustable Trend Length โ Fine-tune the sensitivity of trendlines using the Swing Length and Trend-Line Length Multiplier.
Auto-Adjustment Mode โ When enabled, trendlines update dynamically as ATR evolves.
Buy & Sell Signals โ Marks potential trade setups when price crosses below or above Matrix Level 1.
How It Works
Detects Swing Points โ Identifies key highs and lows in the market using the length setting.
Plots ATR-Based Trendlines โ Calculates trendlines using ATR with user-defined multipliers for four matrix levels.
Adjusts Dynamically โ If Auto Adjust is enabled, trendlines shift with ATR movements.
Identifies Trade Signals โ Highlights potential buy/sell zones when price interacts with Matrix Level 1 trendlines.
Manages Active Trendlines โ Automatically updates and removes trendlines based on price interaction.
User Settings
General Settings
ATR Factor โ Controls the ATR multiplier for trendline calculation.
Swing Length โ Defines the number of bars for swing high/low detection.
Trend-Line Length Multiplier โ Adjusts the extension length of trendlines.
Auto Adjust Trendlines โ Enables real-time adjustment of trendlines as ATR changes.
Matrix Settings
Matrix Level 1-4 โ Enable or disable individual trendline levels.
Matrix Factors โ Customize the ATR multipliers for each matrix level.
Trading Applications
Trend Confirmation โ Use the primary trendline and matrix levels to gauge trend strength.
Support & Resistance Zones โ ATR-based trendlines can act as dynamic support/resistance.
Breakout & Rejection Signals โ Identify potential breakouts or reversals when price interacts with matrix levels.
Volatility-Based Trading โ ATR helps adjust trendlines based on market volatility.
The ATR Trend Matrix is a powerful tool for traders who want a dynamic, adaptive trendline system that reacts to market structure and volatility. With customizable settings, multi-level ATR projections, and trade signal detection, this indicator provides a comprehensive approach to price action analysis.
Auto-Length Moving Average + Trend Signals (Zeiierman)โ Overview
The Auto-Length Moving Average + Trend Signals (Zeiierman) is an easy-to-use indicator designed to help traders dynamically adjust their moving average length based on market conditions. This tool adapts in real-time, expanding and contracting the moving average based on trend strength and momentum shifts.
The indicator smooths out price fluctuations by modifying its length while ensuring responsiveness to new trends. In addition to its adaptive length algorithm, it incorporates trend confirmation signals, helping traders identify potential trend reversals and continuations with greater confidence.
This indicator suits scalpers, swing traders, and trend-following investors who want a self-adjusting moving average that adapts to volatility, momentum, and price action dynamics.
โ How It Works
โช Dynamic Moving Average Length
The core feature of this indicator is its ability to automatically adjust the length of the moving average based on trend persistence and market conditions:
Expands in strong trends to reduce noise.
Contracts in choppy or reversing markets for faster reaction.
This allows for a more accurate moving average that aligns with current price dynamics.
โช Trend Confirmation & Signals
The indicator includes built-in trend detection logic, classifying trends based on market structure. It evaluates trend strength based on consecutive bars and smooths out transitions between bullish, bearish, and neutral conditions.
Uptrend: Price is persistently above the adjusted moving average.
Downtrend: Price remains below the adjusted moving average.
Neutral: Price fluctuates around the moving average, indicating possible consolidation.
โช Adaptive Trend Smoothing
A smoothing factor is applied to enhance trend readability while minimizing excessive lag. This balances reactivity with stability, making it easier to follow longer-term trends while avoiding false signals.
โ How to Use
โช Trend Identification
Bullish Trend: The indicator confirms an uptrend when the price consistently stays above the dynamically adjusted moving average.
Bearish Trend: A downtrend is recognized when the price remains below the moving average.
โช Trade Entry & Exit
Enter long when the dynamic moving average is green and a trend signal occurs. Exit when the price crosses below the dynamic moving average.
Enter short when the dynamic moving average is red and a trend signal occurs. Exit when the price crosses above the dynamic moving average.
โ Slope-Based Reset
This mode resets the trend counter when the moving average slope changes direction.
โช Interpretation & Insights
Best for trend-following traders who want to filter out noise and only reset when a clear shift in momentum occurs.
Higher slope length (N): More stable trends, fewer resets.
Lower slope length (N): More reactive to small price swings, frequent resets.
Useful in swing trading to track significant trend reversals.
โ RSI-Based Reset
The counter resets when the Relative Strength Index (RSI) crosses predefined overbought or oversold levels.
โช Interpretation & Insights
Best for reversal traders who look for extreme overbought/oversold conditions.
High RSI threshold (e.g., 80/20): Fewer resets, only extreme conditions trigger adjustments.
Lower RSI threshold (e.g., 60/40): More frequent resets, detecting smaller corrections.
Great for detecting exhaustion in trends before potential reversals.
โ Volume-Based Reset
A reset occurs when current volume significantly exceeds its moving average, signaling a shift in market participation.
โช Interpretation & Insights
Best for traders who follow institutional activity (high volume often means large players are active).
Higher volume SMA length: More stable trends, only resets on massive volume spikes.
Lower volume SMA length: More reactive to short-term volume shifts.
Useful in identifying breakout conditions and trend acceleration points.
โ Bollinger Band-Based Reset
A reset occurs when price closes above the upper Bollinger Band or below the lower Bollinger Band, signaling potential overextension.
โช Interpretation & Insights
Best for traders looking for volatility-based trend shifts.
Higher Bollinger Band multiplier (k = 2.5+): Captures only major price extremes.
Lower Bollinger Band multiplier (k = 1.5): Resets on moderate volatility changes.
Useful for detecting overextensions in strong trends before potential retracements.
โ MACD-Based Reset
A reset occurs when the MACD line crosses the signal line, indicating a momentum shift.
โช Interpretation & Insights
Best for momentum traders looking for trend continuation vs. exhaustion signals.
Longer MACD lengths (260, 120, 90): Captures major trend shifts.
Shorter MACD lengths (10, 5, 3): Reacts quickly to momentum changes.
Useful for detecting strong divergences and market shifts.
โ Stochastic-Based Reset
A reset occurs when Stochastic %K crosses overbought or oversold levels.
โช Interpretation & Insights
Best for short-term traders looking for fast momentum shifts.
Longer Stochastic length: Filters out false signals.
Shorter Stochastic length: Captures quick intraday shifts.
โ CCI-Based Reset
A reset occurs when the Commodity Channel Index (CCI) crosses predefined overbought or oversold levels. The CCI measures the price deviation from its statistical mean, making it a useful tool for detecting overextensions in price action.
โช Interpretation & Insights
Best for cycle traders who aim to identify overextended price deviations in trending or ranging markets.
Higher CCI threshold (e.g., ยฑ200): Detects extreme overbought/oversold conditions before reversals.
Lower CCI threshold (e.g., ยฑ10): More sensitive to trend shifts, useful for early signal detection.
Ideal for detecting momentum shifts before price reverts to its mean or continues trending strongly.
โ Momentum-Based Reset
A reset occurs when Momentum (Rate of Change) crosses zero, indicating a potential shift in price direction.
โช Interpretation & Insights
Best for trend-following traders who want to track acceleration vs. deceleration.
Higher momentum length: Captures longer-term shifts.
Lower momentum length: More responsive to short-term trend changes.
โ How to Interpret the Trend Strength Table
The Trend Strength Table provides valuable insights into the current market conditions by tracking how the dynamic moving average is adjusting based on trend persistence. Each metric in the table plays a role in understanding the strength, longevity, and stability of a trend.
โช Counter Value
Represents the current length of trend persistence before a reset occurs.
The higher the counter, the longer the current trend has been in place without resetting.
When this value reaches the Counter Break Threshold, the moving average resets and contracts to become more reactive.
Example:
A low counter value (e.g., 10) suggests a recent trend reset, meaning the market might be changing directions frequently.
A high counter value (e.g., 495) means the trend has been ongoing for a long time, indicating strong trend persistence.
โช Trend Strength
Measures how strong the current trend is based on the trend confirmation logic.
Higher values indicate stronger trends, while lower values suggest weaker trends or consolidations.
This value is dynamic and updates based on price action.
Example:
Trend Strength of 760 โ Indicates a high-confidence trend.
Trend Strength of 50 โ Suggests weak price action, possibly a choppy market.
โช Highest Trend Score
Tracks the strongest trend score recorded during the session.
Helps traders identify the most dominant trend observed in the timeframe.
This metric is useful for analyzing historical trend strength and comparing it with current conditions.
Example:
Highest Trend Score = 760 โ Suggests that at some point, there was a strong trend in play.
If the current trend strength is much lower than this value, it could indicate trend exhaustion.
โช Average Trend Score
This is a rolling average of trend strength across the session.
Provides a bigger picture of how the trend strength fluctuates over time.
If the average trend score is high, the market has had persistent trends.
If it's low, the market may have been choppy or sideways.
Example:
Average Trend Score of 147 vs. Current Trend Strength of 760 โ Indicates that the current trend is significantly stronger than the historical average, meaning a breakout might be occurring.
Average Trend Score of 700+ โ Suggests a strong trending market overall.
โ Settings
โช Dynamic MA Controls
Base MA Length โ Sets the starting length of the moving average before dynamic adjustments.
Max Dynamic Length โ Defines the upper limit for how much the moving average can expand.
Trend Confirmation Length โ The number of bars required to validate an uptrend or downtrend.
โช Reset & Adaptive Conditions
Reset Condition Type โ Choose what triggers the moving average reset (Slope, RSI, Volume, MACD, etc.).
Trend Smoothing Factor โ Adjusts how smoothly the moving average responds to price changes.
-----------------
Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Periodical Trend [BigBeluga]The Periodical Trend indicator is designed to provide a detailed analysis of market trends and volatility. It utilizes a combination of Moving Averages and volatility measures to plot trend line, highlight potential trend reversals, and indicate mean reversion opportunities. The indicator offers customizable display options, allowing traders to adjust for sensitivity, volatility bands, and price deviation visibility.
๐ต KEY FEATURES
โ Periodical Trend Analysis
Uses (high + volatility) or (low - volatility) as the foundation for trend analysis with a set period.
// Condition to update the AVG array based on the selected mode
if mode == "Normal"
? bar_index == 122
: bar_index % period == 0
AVG.push(close) // Add the close price to the AVG array
// Update AVG array based on the period and price comparison
if bar_index % period == 0
if close > AVG.last() // If the current close is greater than the last stored value in AVG
AVG.push(low - vlt) // Add the low price minus volatility to the array
if close < AVG.last() // If the current close is lower than the last stored value in AVG
AVG.push(high + vlt) // Add the high price plus volatility to the array
Provides adjustable sensitivity modes ("Normal" and "Sensitive") for different market conditions.
Trend direction is visualized with dynamic color coding based on the relationship between the trend line and price.
โ Volatility Bands
Displays upper and lower volatility bands derived from a moving average of price volatility (high-low).
The bands help identify potential breakout zones, overbought, or oversold conditions.
Users can toggle the visibility of the bands to suit their trading style.
โ Mean Reversion Signals
Detects mean reversion opportunities when price deviates significantly from the trend line.
Includes both regular and strong mean reversion signals, marked directly on the chart.
Signals are based on oscillator crossovers, offering potential entry and exit points.
โ Price Deviation Oscillator
Plots an oscillator that measures the deviation of price from the average trend line.
The oscillator is normalized using standard deviation, highlighting extreme price deviations.
Traders can choose to display the oscillator for in-depth analysis of price behavior relative to the trend.
โ Dynamic Trend Coloring
The indicator colors the background on the direction of the trend.
Green indicates bullish trends, while blue indicates bearish trends.
The trend colors adapt dynamically to market conditions, providing clear visual cues for traders.
๐ต HOW TO USE
โ Trend Analysis
The trend line represents the current market direction. A green trend line suggests a bullish trend, while a blue trend line indicates a bearish trend.
Use the trend line in conjunction with volatility bands to confirm potential breakouts or areas of consolidation.
โ Volatility Bands
Volatility bands offer insight into potential overbought or oversold conditions.
Price exceeding these bands can signal a strong trend continuation or a possible reversal.
โ Mean Reversion Strategies
Look for mean reversion signals (regular and strong) when price shows signs of reverting to the trend line after significant deviation.
Regular signals are represented by small dots, while strong signals are represented by larger circles.
These signals can be used as entry or exit points, depending on the market context.
โ Price Deviation Analysis
The oscillator provides a detailed view of price deviations from the trend line.
A positive oscillator value indicates that the price is above the trend, while a negative value suggests it is below.
Use the oscillator to identify potential overbought or oversold conditions within the trend.
๐ต USER INPUTS
โ Period
Defines the length of the period used for calculating the trend line. A higher period smooths out the trend, while a shorter period makes the trend line more sensitive to price changes.
โ Mode
Choose between "Normal" and "Sensitive" modes for trend detection. The "Sensitive" mode responds more quickly to price changes, while the "Normal" mode offers smoother trend lines.
โ Volatility Bands
Toggle the display of upper and lower volatility bands. These bands help identify potential areas of price exhaustion or continuation.
โ Price Deviation
Toggle the display of the price deviation oscillator. This oscillator shows the deviation of the current price from the trend line and highlights extreme conditions.
โ Mean Reversion Signals
Toggle the display of mean reversion signals. These signals highlight potential reversal points when the price deviates significantly from the trend.
โ Strong Mean Reversion Signals
Toggle the display of stronger mean reversion signals, which occur at more extreme deviations from the trend.
โ Width
Adjust the thickness of the trend line for better visibility on the chart.
๐ต CONCLUSION
The Periodical Trend indicator combines trend analysis, volatility bands, and mean reversion signals to provide traders with a comprehensive tool for market analysis. By offering customizable display options and dynamic trend coloring, this indicator can adapt to different trading styles and market conditions. Whether you are a trend follower or a mean reversion trader, the Periodical Trend indicator helps identify key market opportunities and potential reversals.
For optimal results, it is recommended to use this indicator alongside other technical analysis tools and within the context of a well-structured trading strategy.
Strongest TrendlineUnleashing the Power of Trendlines with the "Strongest Trendline" Indicator.
Trendlines are an invaluable tool in technical analysis, providing traders with insights into price movements and market trends. The "Strongest Trendline" indicator offers a powerful approach to identifying robust trendlines based on various parameters and technical analysis metrics.
When using the "Strongest Trendline" indicator, it is recommended to utilize a logarithmic scale . This scale accurately represents percentage changes in price, allowing for a more comprehensive visualization of trends. Logarithmic scales highlight the proportional relationship between prices, ensuring that both large and small price movements are given due consideration.
One of the notable advantages of logarithmic scales is their ability to balance price movements on a chart. This prevents larger price changes from dominating the visual representation, providing a more balanced perspective on the overall trend. Logarithmic scales are particularly useful when analyzing assets with significant price fluctuations.
In some cases, traders may need to scroll back on the chart to view the trendlines generated by the "Strongest Trendline" indicator. By scrolling back, traders ensure they have a sufficient historical context to accurately assess the strength and reliability of the trendline. This comprehensive analysis allows for the identification of trendline patterns and correlations between historical price movements and current market conditions.
The "Strongest Trendline" indicator calculates trendlines based on historical data, requiring an adequate number of data points to identify the strongest trend. By scrolling back and considering historical patterns, traders can make more informed trading decisions and identify potential entry or exit points.
When using the "Strongest Trendline" indicator, a higher Pearson's R value signifies a stronger trendline. The closer the Pearson's R value is to 1, the more reliable and robust the trendline is considered to be.
In conclusion, the "Strongest Trendline" indicator offers traders a robust method for identifying trendlines with significant predictive power. By utilizing a logarithmic scale and considering historical data, traders can unleash the full potential of this indicator and gain valuable insights into price trends. Trendlines, when used in conjunction with other technical analysis tools, can help traders make more informed decisions in the dynamic world of financial markets.
Uber Trend IndicatorThis is my first custom indicator that I created as a medium to long term trend indicator. Buy if it is above 0 and sell if it is below 0.
Since this is my first unique indicator, I would love to hear your feedback! Please let me know if you would like to see any other scripts!
Adaptive Trend Breaks Adaptive Trend Breaks
## WHAT IT DOES
This script is a modified and enhanced version of "Trendline Breakouts With Targets" concept by ChartPrime.
Adaptive Trend Breaks (ATB) is a trendline breakout system optimized for scalping liquid futures contracts. The indicator automatically draws dynamic support and resistance trendlines based on pivot points, then generates trade signals when price breaks through these levels with confirmation filters. It includes automated target and stop-loss placement with real-time P&L tracking in dollars.
## HOW IT WORKS
**Trendline Detection Method:**
The indicator uses pivot high/low detection to identify significant price turning points. When a new pivot forms, it calculates the slope between consecutive pivots to draw dynamic trendlines. These lines extend forward based on the established trend angle, creating actionable support and resistance zones.
**Band System:**
Around each trendline, the script creates a "band" using a volatility-adjusted calculation: `ATR(14) * 0.2 * bandwidth multiplier / 2`. This adaptive band accounts for current market conditions - wider during volatile periods, tighter during quiet markets.
**Breakout Logic:**
A breakout signal triggers when:
1. Price closes beyond the trendline + band zone
2. Volume exceeds the 20-period moving average by your set multiplier (default 1.2x)
3. Price is within Regular Trading Hours (9:30-16:00 EST) if session filter enabled
4. Current ATR meets minimum volatility threshold (prevents trading dead markets)
**Target & Stop Calculation:**
Upon breakout confirmation:
- **Entry**: Trendline breach point
- **Target**: Entry ยฑ (bandwidth ร target multiplier) - default 8x for quick scalps
- **Stop**: Entry ยฑ (bandwidth ร stop multiplier) - default 8x for 1:1 risk/reward
- Multipliers adjust automatically to market volatility through the ATR-based band
**P&L Conversion:**
The script converts point movements to dollars using:
```
Dollar P&L = (Price Points ร Contract Point Value ร Quantity)
```
For example, a 10-point NQ move with 2 contracts = 10 ร $20 ร 2 = $400
## HOW TO USE IT
**Setup:**
1. Select your instrument (NQ/ES/YM/RTY) - point values auto-configure
2. Set contract quantity for accurate dollar P&L
3. Choose pivot period (lower = more signals but more noise, default 5 for scalping)
4. Adjust bandwidth multiplier if trendlines are too tight/loose (1-5 range)
**Filters Configuration:**
- **Volume Filter**: Requires breakout volume > moving average ร multiplier. Increase multiplier (1.5-2.0) for higher conviction trades
- **Session Filter**: Enable to trade only RTH. Disable for 24-hour trading
- **ATR Filter**: Prevents signals during low volatility. Increase minimum % for more active markets only
**Risk Management:**
- Set target/stop multipliers based on your risk tolerance
- 8x bandwidth = approximately 1:1 risk/reward for most liquid futures
- Enable trailing stops for trend-following approach (moves stop to protect profits)
- Adjust line length to see targets further into the future
**Statistics Table:**
- Choose timeframe to analyze: all-time, today, this week, custom days
- Monitor win rate, profit factor, and net P&L in dollars
- Track long vs short performance separately
- See real-time unrealized P&L on active trades
**Reading Signals:**
- **Green triangle below bar** = Long breakout (resistance broken)
- **Red triangle above bar** = Short breakout (support broken)
- **White dashed line** = Entry price
- **Orange line** = Take profit target with dollar value
- **Red line** = Stop loss with dollar value
- **Green checkmark (โ)** = Target hit, winning trade
- **Red X (โ)** = Stop hit, losing trade
## WHAT IT DOES NOT DO
**Limitations to Understand:**
- Does not predict future trendline formations - it reacts to breakouts after they occur
- Historical trendlines disappear after breakout (not kept on chart for clarity)
- Requires sufficient volatility - may not signal in extremely quiet markets
- Volume filter requires exchange volume data (not available on all symbols)
- Statistics are indicator-based simulations, not actual trading results
- Does not account for slippage, commissions, or order fills
## BEST PRACTICES
**Recommended Settings by Market:**
- **NQ (Nasdaq)**: Default settings work well, consider volume multiplier 1.3-1.5
- **ES (S&P 500)**: Slightly slower, try period 7-8, volume 1.2
- **YM (Dow)**: Lower volatility, reduce bandwidth to 1.5-2
- **RTY (Russell)**: Higher volatility, increase bandwidth to 3-4
**Risk Management:**
- Never risk more than 2-3% of account per trade
- Use contract quantity calculator: Max Risk $ รท (Stop Distance ร Point Value)
- Start with 1 contract while learning the system
- Backtest your specific timeframe and instrument before live trading
**Optimization Tips:**
- Increase pivot period (7-10) for fewer but higher-quality signals
- Raise volume multiplier (1.5-2.0) in choppy markets
- Lower target/stop multipliers (5-6x) for tighter profit taking
- Use trailing stops in strong trending conditions
- Disable session filter for overnight gaps and Asia session moves
## TECHNICAL DETAILS
**Key Calculations:**
- Pivot Detection: `ta.pivothigh(high, period, period/2)` and `ta.pivotlow(low, period, period/2)`
- Slope Calculation: `(newPivot - oldPivot) / (newTime - oldTime)`
- Adaptive Band: `min(ATR(14) * 0.2, close * 0.002) * multiplier / 2`
- Breakout Confirmation: Price crosses trendline + 10% of band threshold
**Data Requirements:**
- Minimum bars in view: 500 for proper pivot calculation
- Volume data required for volume filter accuracy
- Intraday timeframes recommended (1min - 15min) for scalping
- Works on any timeframe but optimized for fast execution
**Performance Metrics:**
All statistics calculate based on indicator signals:
- Tracks every signal as a trade from entry to TP/SL
- P&L in actual contract dollar values
- Win rate = (Winning trades / Total trades) ร 100
- Profit factor = Gross profit / Gross loss
- Separates long/short performance for bias analysis
## IDEAL FOR
- Futures scalpers and day traders
- Traders who prefer visual trendline breakouts
- Those wanting automated TP/SL placement
- Traders tracking performance in dollar terms
- Multiple timeframe analysis (compare 1min vs 5min signals)
## NOT SUITABLE FOR
- Swing trading (targets too close)
- Stocks/forex without modifying point values
- Extremely low timeframes (<30 seconds) - too much noise
- Markets without volume data if using volume filter
- Illiquid contracts (signals may not execute at shown prices)
---
**Settings Summary:**
- Core: Period, bandwidth, extension, trendline style
- Filters: Volume, RTH session, ATR volatility
- Risk: R:R ratio, target/stop multipliers, trailing stop
- Display: Stats table position, size, colors
- Stats: Timeframe selection (all-time to custom days)
**License:** This indicator is published open-source under Mozilla Public License 2.0. You may use and modify the code with proper attribution.
**Disclaimer:** This indicator is for educational purposes. Past performance does not guarantee future results. Always practice proper risk management and test thoroughly before live trading.
---
## CREDITS & ATTRIBUTION
This script builds upon the "Trendline Breakouts With Targets" concept by ChartPrime with significant enhancements:
**Major Improvements Added:**
- **Futures-Specific Calculations**: Automated dollar P&L conversion using actual contract point values (NQ=$20, ES=$50, YM=$5, RTY=$50)
- **Advanced Statistics Engine**: Comprehensive performance tracking with customizable timeframe analysis (today, week, month, custom ranges)
- **Multi-Layer Filtering System**: Volume confirmation, RTH session filter, and ATR volatility filter to reduce false signals
- **Professional Trade Management**: Enhanced visual trade tracking with separate TP/SL lines, dollar value labels, and optional trailing stops
- **Optimized for Scalping**: Faster pivot periods (5 vs 10), tighter bands, and reduced extension bars for quick entries
Original trendline detection methodology by ChartPrime - used with modification under Mozilla Public License 2.0.
TradeScope: MA Reversion โข RVOL โข Trendlines โข GAPs โข TableTradeScope is an all-in-one technical analysis suite that brings together price action, momentum, volume dynamics, and trend structure into one cohesive and fully customizable indicator.
An advanced, modular trading suite that combines moving averages, reversion signals, RSI/CCI momentum, relative volume, gap detection, trendline analysis, and dynamic tables โ all within one powerful dashboard.
Perfect for swing traders, intraday traders, and analysts who want to read price strength, volume context, and market structure in real time.
โ๏ธ Core Components & Inputs
๐งฎ Moving Average Settings
Moving Average Type & Length:
Choose between SMA or EMA and set your preferred period for smoother or more reactive trend tracking.
Multi-MA Plotting:
Up to 8 customizable moving averages (each with independent type, color, and length).
Includes a โwindow filterโ to show only the last X bars, reducing chart clutter.
MA Reversion Engine:
Detects when price has extended too far from its moving average.
Reversion Lookback: Number of bars analyzed to determine historical extremes.
Reversion Threshold: Sensitivity multiplierโlower = more frequent signals, higher = stricter triggers.
๐ Trend Settings
Short-Term & Long-Term Trend Lookbacks:
Uses linear regression to detect the slope and direction of the short- and long-term trend.
Results are displayed in the live table with color-coded bias:
๐ฉ Bullish | ๐ฅ Bearish
๐ Momentum Indicators
RSI (Relative Strength Index):
Adjustable period; displays the current RSI value, overbought (>70) / oversold (<30) zones, and trending direction.
CCI (Commodity Channel Index):
Customizable length with color-coded bias:
๐ฉ Oversold (< -100), ๐ฅ Overbought (> 100).
Tooltip shows whether the CCI is trending up or down.
๐ Volume Analysis
Relative Volume (RVOL):
Estimates end-of-day projected volume using intraday progress and compares it against the 20-day average.
Displays whether todayโs volume is expected to exceed yesterdayโs, and highlights color by strength.
Volume Trend (Short & Long Lookbacks):
Visual cues for whether current volume is above or below short-term and long-term averages.
Estimated Full-Day Volume & Multiplier:
Converts raw volume into โXโ multiples (e.g., 2.3X average) for quick interpretation.
๐ณ๏ธ Gap Detection
Automatically identifies and plots bullish and bearish price gaps within a defined lookback period.
Gap Lookback: Defines how far back to search for gaps.
Gap Line Width / Visibility: Controls the thickness and display of gap lines on chart.
Displays the closest open gap in the live table, including its distance from current price (%).
๐ ATR & Volatility
14-day ATR (% of price):
Automatically converts the Average True Range into a percent, providing quick volatility context:
๐ฉ Low (<3%) | ๐จ Moderate (3โ5%) | ๐ฅ High (>5%)
๐ฌ Candlestick Pattern Recognition
Auto-detects popular reversal and continuation patterns such as:
Bullish/Bearish Engulfing
Hammer / Hanging Man
Shooting Star / Inverted Hammer
Doji / Harami / Kicking / Marubozu / Morning Star
Each pattern is shown with contextual color coding in the table.
๐งฑ Pivot Points & Support/Resistance
Optional Pivot High / Pivot Low Labels
Adjustable left/right bar lengths for pivot detection
Theme-aware text and label color options
Automatically drawn diagonal trendlines for both support and resistance
Adjustable line style, color, and thickness
Detects and tracks touches for reliability
Includes breakout alerts (with optional volume confirmation)
๐จ Alerts
MA Cross Alerts:
Triggers when price crosses the fast or slow moving average within a tolerance band (default ยฑ0.3%).
Diagonal Breakout Alerts:
Detects and alerts when price breaks diagonal trendlines.
Volume-Confirmed Alerts:
Filters breakouts where volume exceeds 1.5ร the 20-bar average.
๐งพ Live Market Table
A fully dynamic table displayed on-chart, customizable via input toggles:
Choose which rows to show (e.g., RSI, ATR, RVOL, Gaps, CCI, Trend, MA info, Diff, LowโClose%).
Choose table position (top-right, bottom-left, etc.) and text size.
Theme selection: Light or Dark
Conditional background colors for instant visual interpretation:
๐ฉ Bullish or Oversold
๐ฅ Bearish or Overbought
๐จ Neutral / Moderate
๐ฏ Practical Uses
โ
Identify confluence setups combining MA reversion, volume expansion, and RSI/CCI extremes.
โ
Track trend bias and gap proximity directly in your dashboard.
โ
Monitor relative volume behavior for intraday strength confirmation.
โ
Automate MA cross or breakout alerts to stay ahead of key price action.
๐ง Ideal For
Swing traders seeking confluence-based setups
Intraday traders monitoring multi-factor bias
Analysts looking for compact market health dashboards
๐ก Summary
TradeScope is designed as a single-pane-of-glass market view โ combining momentum, trend, volume, structure, and reversion into one clear visual system.
Fully customizable. Fully dynamic.
Use it to see what others miss โ clarity, confluence, and confidence in every trade.
FirstStrike Long 200 - Daily Trend Rider [KedArc Quant]Strategy Description
FirstStrike Long 200 is a disciplined, long-only momentum strategy designed for daily "strike-first" entries in trending markets. It scans for RSI momentum above a customizable trigger (default 50), confirmed by EMA trend filters, and limits you to *exactly one trade per day* to avoid overtrading. It uses ATR for dynamic risk management (1.5x stop, 2:1 RR target) and optional trailing stops to ride winners. Backtested with realistic commissions and sizing, it prioritizes low drawdowns (<1% max in tests) over aggressive gainsโideal for swing traders seeking quality setups in bull runs.
Why It's Different from Other Strategies
Unlike generic RSI crossover bots or EMA ribbon mashups that spam signals and bleed in chop, FirstStrike enforces a "one-and-done" daily gate, blending precision momentum (RSI modes with grace/sustain) with robust filters (volume, sessions, rearm dips).
How It Helps Traders
- Reduces Emotional Trading: One entry/day forces disciplineโmiss a setup? Wait for tomorrow. Perfect for busy pros avoiding screen fatigue.
- Adapts to Regimes: Switch modes for trends ("Cross+Grace") vs. ranges ("Any bar")โboosts win rates 5-10% in backtests on high-beta names like .
- Risk-First Design: ATR scales stops to vol capping DD at 0.2% while targeting 2R winners. Trailing option locks +3-5% runs without early exits.
- Quick Insights: Labels/alerts flag entries with RSI values; bgcolor highlights signals for visual scanning. Helps spot "first-strike" edges in uptrends, filtering ~60% noise.
Why This Is Not a Mashup
This isn't a Frankenstein of off-the-shelf indicatorsโwhile it uses standard RSI/EMA/ATR (core Pine primitives), the innovation lies in:
- Custom Trigger Engine: Switchable modes (e.g., "Cross+Grace+Sustain" requires post-cross hold) prevent perpetual signals, unlike basic `ta.crossover()`.
- Daily Rearm Gate: Resets eligibility only after a dip (if enabled), tying momentum to mean-reversionโoriginal logic not found in common scripts.
- Per-Day Isolation: `var` vars + `ta.change(time("D"))` ensure zero pyramiding/overlaps, beyond simple session filters.
All formulae are derived in-house for "first-strike" (early RSI pops in trends), not copied from public repos.
Input Configurations
Let's break down every input in the FirstStrike Long 200 strategy. These settings let you tweak the strategy like a dashboardโstart with defaults for quick testing,
then adjust based on your asset or timeframe (5m for intraday). They're grouped logically to keep things organized, and most have tooltips in the script for quick reminders.
RSI / Trigger Group: The Heart of Momentum Detection
This is where the magic startsโthe strategy hunts for "upward energy" using RSI (Relative Strength Index), a tool that measures if a stock is overbought (too hot) or oversold (too cold) on a 0-100 scale.
- RSI Length: How many bars (candles) back to calculate RSI. Default is 14, like a 14-day window for daily charts. Shorter (e.g., 9) makes it snappier for fast markets; longer (21) smooths out noise but misses quick turns.
- Trigger Level (RSI >= this): The key RSI value where the strategy says, "Go time!" Default 50 means enter when RSI crosses or holds above the neutral midline. Why is this trigger required? It acts as your "green light" filterโwithout it, you'd enter on every tiny price wiggle, leading to endless losers. RSI above this shows building buyer power, avoiding weak or sideways moves. It's essential for quality over quantity, especially in one-trade-per-day setups.
- Trigger Mode: Picks how strict the RSI signal must be. Options: "Cross only" (exact RSI crossover above triggerโsuper precise, fewer trades); "Cross+Grace" (crossover or within a grace window afterโgives a second chance); "Cross+Grace+Sustain" (crossover/grace plus RSI holding steady for barsโbest for steady climbs); "Any bar >= trigger" (looser, any bar aboveโmore opportunities but riskier in chop). Start with "Any bar" for trends, switch to "Cross only" for caution.
- Grace Window (bars after cross): If mode allows, how many bars post-RSI-cross you can still enter if RSI dips but recovers. Default 30 (about 2.5 hours on 5m). Zero means no wiggle roomโpure precision.
- Sustain Bars (RSI >= trigger): In sustain mode, how many straight bars RSI must stay above trigger. Default 3 ensures it's not a fluke spike.
- Require RSI Dip Below Rearm Before Any Entry?: A yes/no toggle. If on, the strategy "rearms" only after RSI dips below a low level (like a breather), preventing back-to-back signals in overextended rallies.
- Rearm Level (if requireDip=true): The dip threshold for rearming. Default 45โRSI must go below this to reset eligibility. Lower (30) for deeper pullbacks in volatile stocks.
For the trigger level itself, presets matter a lotโdefault 50 is neutral and versatile for broad trends. Bump to 55-60 for "strong momentum only" (fewer but higher-win trades, great in bull runs like tech surges); drop to 40-45 for "early bird" catches in recoveries (more signals but watch for fakes in ranges). The optimize hint (40-60) lets you test these in TradingView to match your riskโhigher presets cut noise by 20-30% in backtests.
Trend / Filters Group: Keeping You on the Right Side of the Market
These EMAs (Exponential Moving Averages) act like guardrails, ensuring you only long in uptrends.
- EMA (Fast) Confirmation: Short-term EMA for price action. Default 20 periodsโprice must be above this for "recent strength." Shorter (10) reacts faster to intraday pops.
- EMA (Trend Filter): Long-term EMA for big-picture trend. Default 200 (classic "above the 200-day" rule)โprice above it confirms bull market. Minimum 50 to avoid over-smoothing.
Optional Hour Window Group: Timing Your Strikes
Avoid bad hours like lunch lulls or after-hours tricks.
- Restrict by Session?: Yes/no for using exact market hours. Default off.
- Session (e.g., 0930-1600 for NYSE): Time string like "0930-1600" for open to close. Auto-skips pre/post-market noise.
- Restrict by Hour Range?: Fallback yes/no for simple hours. Default off.
- Start Hour / End Hour: Clock times (0-23). Defaults 9-15 ETโfocus on peak volume.
Volume Filter Group: No Volume, No Party
Confirms convictionโbig moves need big participation.
- Require Volume > SMA?: Yes/no toggle. Default offโonly fires on above-average volume.
- Volume SMA Length: Periods for the average. Default 20โcompares current bar to recent norm.
Risk / Exits Group: Protecting and Profiting Smartly
Dynamic stops based on volatility (ATR = Average True Range) keep things realistic.
- ATR Length: Bars for ATR calc. Default 14โmeasures recent "wiggle room" in price.
- ATR Stop Multiplier: How far below entry for stop-loss. Default 1.5x ATRโgives breathing space without huge risk
- Take-Profit R Multiple: Reward target as multiple of risk. Default 2.0 (2:1 ratio)โaims for twice your stop distance.
- Use Trailing Stop?: Yes/no for profit-locking trail. Default offโactivates after entry.
- Trailing ATR Multiplier: Trail distance. Default 2.0x ATRโlooser than initial stop to let winners run.
These inputs make the strategy plug-and-play: Defaults work out-of-box for trending stocks, but tweak RSI trigger/modes first for your style.
Always backtest changesโsmall shifts can flip a 40% win rate to 50%+!
Outputs (Visuals & Alerts):
- Plots: Blue EMA200 (trend line), Orange EMA20 (price filter), Green dashed entry price.
- Labels: Green "LONG" arrow with RSI value on entries.
- Background: Light green highlight on signal bars.
- Alerts: "FirstStrike Long Entry" fires on conditions (integrates with TradingView notifications).
Entry-Exit Logic
Entry (Long Only, One Per Day):
1. Daily Reset: New day clears trade gate and (if required) rearm status.
2. Filters Pass: Time/session OK + Close > EMA200 (trend) + Close > EMA20 (price) + Volume > SMA (if enabled) + Rearmed (dip below rearm if toggled).
3. Trigger Fires: RSI >= trigger via selected mode (e.g., crossover + grace window).
4. Execute: Enter long at close; set daily flag to block repeats.
Exit:
- Stop-Loss: Entry - (ATR * 1.5) โ dynamic, vol-scaled.
- Take-Profit: Entry + (Risk * 2.0) โ fixed RR.
- Trailing (Optional): Activates post-entry; trails at Close - (ATR * 2.0), updating on each bar for trend extension.
No shorts or hedgingโpure long bias.
Formulae Used
- RSI: `ta.rsi(close, rsiLen)` โ Standard 14-period momentum oscillator (0-100).
- EMAs: `ta.ema(close, len)` โ Exponential moving averages for trend/price filters.
- ATR: `ta.atr(atrLen)` โ True range average for stop sizing: Stop = Entry - (ATR * mult).
- Volume SMA: `ta.sma(volume, volLen)` โ Simple average for relative strength filter.
- Grace Window: `bar_index - lastCrossBarIndex <= graceBars` โ Counts bars since RSI crossover.
- Sustain: `ta.barssince(rsi < trigger) >= sustainBars` โ Consecutive bars above threshold.
- Session Check: `time(timeframe.period, sessionStr) != 0` โ TradingView's built-in session validator.
- Risk Distance: `riskPS = entry - stop; TP = entry + (riskPS * RR)` โ Asymmetric reward calc.
FAQ
Q: Why only one trade/day?
A: Prevents revenge trading in volatile sessions . Backtests show it cuts losers by 20-30% vs. multi-entry bots.
Q: Does it work on all assets/timeframes?
A: Best for trending stocks/indices on 5m-1H. Test on crypto/forex with wider ATR mult (2.0+).
Q: How to optimize?
A: Use TradingView's optimizer on RSI trigger (40-60) and EMA fast (10-30). Aim for PF >1.0 over 1Y data.
Q: Alerts don't fireโwhy?
A: Ensure `alertcondition` is enabled in script settings. Test with "Any alert() function calls only."
Q: Trailing stop too loose?
A: Tune `trailMult` to 1.5 for tighter; it activates alongside fixed TP/SL for hybrid protection.
Glossary
- Grace Window: Post-RSI-cross period (bars) where entry still allowed if RSI holds trigger.
- Rearm Dip: Optional pullback below a low RSI level (e.g., 45) to "reset" eligibility after signals.
- Profit Factor (PF): Gross profit / gross lossโ>1.0 means winners outweigh losers.
- R Multiple: Risk units (e.g., 2R = 2x stop distance as target).
- Sustain Bars: Consecutive bars RSI stays >= trigger for mode confirmation.
Recommendations
- Backtest First: Run on your symbols (/) over 6-12M; tweak RSI to 55 for +5% win rate.
- Live Use: Start paper trading with `useSession=true` and `useVol=true` to filter noise.
- Pairs Well With: Higher TF (daily) for bias; add ADX (>25) filter for strong trends (code snippet in prior chats).
- Risk Note: 10% sizing suits $100k+ accounts; scale down for smaller. Not financial adviceโpast performance โ future.
- Publish Tip: Add tags like "momentum," "RSI," "long-only" on TradingView for visibility.
Strategy Properties & Backtesting Setup
FirstStrike Long 200 is configured with conservative, realistic backtesting parameters to ensure reliable performance simulations. These settings prioritize capital preservation and transparency, making it suitable for both novice and experienced traders testing on stocks.
Initial Capital
$100,000 Standard starting equity for portfolio-level testing; scales well for retail accounts. Adjust lower (e.g., $10k) for smaller simulations.
Base Currency
Default (USD) Aligns with most US equities (e.g., NASDAQ symbols); auto-converts for other assets.
Order Size
1 (Quantity) Fixed share contracts for simplicityโe.g., buys 1 share per trade. For % of equity, switch to "Percent of Equity" in strategy code.
Pyramiding
0 Orders No additional entries on open positions; enforces strict one-trade-per-day discipline to avoid overexposure.
Commission
0.1% Realistic broker fee (e.g., Interactive Brokers tier); factors in round-trip costs without over-penalizing winners.
Verify Price for Limit Orders
0 Ticks No slippage delay on TPsโassumes ideal fills for historical accuracy.
Slippage
0 Ticks Zero assumed slippage for clean backtests; real-world trading may add 1-2 ticks on volatile opens.
These defaults yield low drawdowns (<0.3% max in tests) while capturing trend edges. For live trading, enable slippage (1-3 ticks) to mimic execution gaps. Always forward-test before deploying!
โ ๏ธ Disclaimer
This script is provided for educational purposes only.
Past performance does not guarantee future results.
Trading involves risk, and users should exercise caution and use proper risk management when applying this strategy.
RSI Trendlines and DivergencesโOVERVIEW
The "RSI Trendlines and Divergences" indicator is an advanced technical analysis tool that leverages the Relative Strength Index (RSI) to draw trendlines and detect divergences. Designed for traders seeking precise market signals, the indicator identifies key pivot points on the RSI chart, draws trendlines between pivots, and detects bullish and bearish divergences. It offers flexible settings, background coloring for breakout signals, and divergence labels, supported by alerts for key events. The indicator is universal and works across all markets (stocks, forex, cryptocurrencies) and timeframes.
โCONCEPTS
The indicator was developed to provide an alternative signal source for the RSI oscillator. Trendline breakouts and bounces off trendlines offer a broader perspective on potential price behavior. Combining these with traditional RSI signal interpretation can serve as a foundation for creating various trading strategies.
โFEATURES
- RSI and Pivot Calculation: Calculates RSI based on the selected source price (default: close) with a customizable period (default: 14). Identifies pivot points on RSI and price for trendlines and divergences.
- RSI Trendlines: Draws trendlines connecting RSI pivots (upper for downtrends, lower for uptrends) with optional extension (default: 30 bars). The trendline appears and generates a signal only after the first RSI crossover. Lines are colored (red for upper, green for lower).
- Trendline Fill: Widens the trendline with a tolerance margin expressed in RSI points, reducing signal noise and visually highlighting trend zones. Breaking this zone is a condition for generating signals, minimizing false signals. The tolerance margin can be increased or decreased.
- Divergence Detection: Identifies bullish and bearish divergences based on RSI and price pivots, displaying labels (โBullโ for bullish, โBearโ for bearish) with adjustable transparency. Divergence labels appear with a delay equal to the specified pivot length (default: 5). Higher values yield stronger signals but with greater delay.
- Breakout Signals: Generates signals when RSI crosses the trendline (bullish for upper lines, bearish for lower lines), with background coloring for signal confirmation.
- Alerts: Built-in alerts for:
Detection of bullish and bearish divergences.
Upper trendline crossover (bullish signal).
Lower trendline crossover (bearish signal).
- Customization: Allows adjustment of RSI length, pivot settings, line colors, fills, labels, and transparency of signals and background.
โHOW TO USE
Add the indicator to your TradingView chart via the Pine Editor or Indicators menu.
Configuring Settings.
RSI Settings
- RSI Length: Period for RSI calculation (default: 14).
- SMA Length: Period for RSI moving average (default: 9).
- Source: Source price for RSI (default: close).
Pivot Settings for Trend
- Left Bars for Pivot: Number of bars back for detecting pivots (default: 10).
- Right Bars for Pivot: Number of bars forward for confirming pivots (default: 10).
- Extension after Second Pivot: Number of bars to extend the trendline (default: 30, 0 = none). Extension increases the number of signals, while shortening reduces them.
- Tolerance: Deviation in RSI points to widen the breakout margin, reducing signal noise (default: 3.0).
Divergence Settings
- Enable Divergence Detection: Enables/disables divergence detection (default: enabled).
- Pivot Length for Divergence: Pivot period for divergences (default: 5).
Style Settings
- Upper Trendline Color: Color for downtrend lines (default: red).
- Upper Fill Color: Fill color for upper lines (default: red, transparency 70).
- Lower Trendline Color: Color for uptrend lines (default: green).
- Lower Fill Color: Fill color for lower lines (default: green, transparency 70).
- SMA Color: Color for RSI moving average (default: yellow).
- Bullish Divergence Color: Color for bullish labels (default: green).
- Bearish Divergence Color: Color for bearish labels (default: red).
- Text Color: Color for label text (default: white).
- Divergence Label Transparency: Transparency of labels (0-100, default: 40).
- Signal Background Transparency: Transparency of breakout signal background (0-100, default: 80).
Interpreting Signals
- Trendlines: Upper lines (red) indicate RSI downtrends, lower lines (green) indicate uptrends. The trendline appears and generates a signal only after the first RSI crossover. Trendline breakouts suggest potential trend reversals.
- Divergences: โBullโ labels indicate bullish divergence (potential rise), โBearโ labels indicate bearish divergence (potential decline), with a delay based on pivot length (default: 5). Divergences serve as confirmation or warning of trend reversal, not as standalone signals.
- Signal Background: Green background signals bullish breakouts, red background signals bearish breakouts.
- RSI Levels: Horizontal lines at 70 (overbought), 50 (midline), and 30 (oversold) help assess market zones.
- Alerts: Set up alerts in TradingView for divergences or trendline breakouts.
Combining with Other Tools: Use with support/resistance levels, Fibonacci levels, or other indicators for signal confirmation.
โAPPLICATIONS
The "RSI Trendlines and Divergence" indicator is designed to identify trends and potential reversal points, supporting both trend-following and reversal strategies:
- Trend Confirmation: Trendlines indicate the RSI trend direction, with breakouts signaling potential reversals. The indicator is functional in traditional RSI usage, allowing classic RSI interpretation (e.g., returning from overbought/oversold zones). Combining trendline breakouts with RSI signal levels, such as a return from overbought or oversold zones paired with a trendline breakout, strengthens the signal.
- Divergence Detection: Divergences serve as confirmation or warning of trend reversal, not as standalone signals.
โNOTES
- Adjust settings (e.g., RSI length, pivots, tolerance) to suit your trading style and timeframe.
- Combine with other technical analysis tools to enhance signal accuracy.
RSI Trend Navigator [QuantAlgo]๐ข Overview
The RSI Trend Navigator integrates RSI momentum calculations with adaptive exponential moving averages and ATR-based volatility bands to generate trend-following signals. The indicator applies variable smoothing coefficients based on RSI readings and incorporates normalized momentum adjustments to position a trend line that responds to both price action and underlying momentum conditions.
๐ข How It Works
The indicator begins by calculating and smoothing the RSI to reduce short-term fluctuations while preserving momentum information:
rsiValue = ta.rsi(source, rsiPeriod)
smoothedRSI = ta.ema(rsiValue, rsiSmoothing)
normalizedRSI = (smoothedRSI - 50) / 50
It then creates an adaptive smoothing coefficient that varies based on RSI positioning relative to the midpoint:
adaptiveAlpha = smoothedRSI > 50 ? 2.0 / (trendPeriod * 0.5 + 1) : 2.0 / (trendPeriod * 1.5 + 1)
This coefficient drives an adaptive trend calculation that responds more quickly when RSI indicates bullish momentum and more slowly during bearish conditions:
var float adaptiveTrend = source
adaptiveTrend := adaptiveAlpha * source + (1 - adaptiveAlpha) * nz(adaptiveTrend , source)
The normalized RSI values are converted into price-based adjustments using ATR for volatility scaling:
rsiAdjustment = normalizedRSI * ta.atr(14) * sensitivity
rsiTrendValue = adaptiveTrend + rsiAdjustment
ATR-based bands are constructed around this RSI-adjusted trend value to create dynamic boundaries that constrain trend line positioning:
atr = ta.atr(atrPeriod)
deviation = atr * atrMultiplier
upperBound = rsiTrendValue + deviation
lowerBound = rsiTrendValue - deviation
The trend line positioning uses these band constraints to determine its final value:
if upperBound < trendLine
trendLine := upperBound
if lowerBound > trendLine
trendLine := lowerBound
Signal generation occurs through directional comparison of the trend line against its previous value to establish bullish and bearish states:
trendUp = trendLine > trendLine
trendDown = trendLine < trendLine
if trendUp
isBullish := true
isBearish := false
else if trendDown
isBullish := false
isBearish := true
The final output colors the trend line green during bullish states and red during bearish states, creating visual buy/long and sell/short opportunity signals based on the combined RSI momentum and volatility-adjusted trend positioning.
๐ข Signal Interpretation
Rising Trend Line (Green): Indicates upward momentum where RSI influence and adaptive smoothing favor continued price advancement = Potential buy/long positions
Declining Trend Line (Red): Indicates downward momentum where RSI influence and adaptive smoothing favor continued price decline = Potential sell/short positions
Flattening Trend Lines: Occur when momentum weakens and the trend line slope approaches neutral, suggesting potential consolidation before the next move
Built-in Alert System: Automated notifications trigger when bullish or bearish states change, sending "RSI Trend Bullish Signal" or "RSI Trend Bearish Signal" messages for timely entry/exit
Color Bar Candles Option: Optional candle coloring feature that applies the same green/red trend colors to price bars, providing additional visual confirmation of the current trend direction
Multi-TF Trend Table (Configurable)1) What this tool does (in one minute)
A compact, multiโtimeframe dashboard that stacks eight timeframes and tells you:
Trend (fast MA vs slow MA)
Where price sits relative to those MAs
How far price is from the fast MA in ATR terms
MA slope (rising, falling, flat)
Stochastic %K (with overbought/oversold heat)
MACD momentum (up or down)
A single score (0%โ100%) per timeframe
Alignment tick when trend, structure, slope and momentum all agree
Use it to:
Frame bias topโdown (MโWโDโโฆโ15m)
Time entries on your execution timeframe when the higherโTF stack is aligned
Avoid counterโtrend traps when the table is mixed
2) Table anatomy (each column explained)
The table renders 9 columns ร 8 rows (one row per timeframe label you define).
TF โ The label you chose for that row (e.g., Month, Week, 4H). Cosmetic; helps you read the stack.
Trend โ Arrow from fast MA vs slow MA: โ if fastMA > slowMA (upโtrend), โ otherwise (downโtrend). Cell is green for up, red for down.
Price Pos โ Oneโcharacter structure cue:
๐ผ if price is above both fast and slow MAs (bullish structure)
๐ฝ if price is below both (bearish structure)
โ otherwise (between MAs / mixed)
MA Dist โ Distance of price from the fast MA measured in ATR multiples:
XS < S < M < L < XL according to your thresholds (see ยง3.3). Useful for judging stretch/meanโreversion risk and stop sizing.
MA Slope โ The fast MA oneโbar slope:
โ if fastMA - fastMA > 0
โ if < 0
โ if = 0
Stoch %K โ Rounded %K value (default 14โ1โ3). Background highlights when it aligns with the trend:
Green heat when trend up and %K โค oversold
Red heat when trend down and %K โฅ overbought Tooltip shows K and D values precisely.
Trend % โ Composite score (0โ100%), the dashboardโs confidence for that timeframe:
+20 if trendUp (fast>slow)
+20 if fast MA slope > 0
+20 if MACD up (signal definition in ยง2.8)
+20 if price above fast MA
+20 if price above slow MA
Background colours:
โฅ80 lime (strong alignment)
โฅ60 green (good)
โฅ40 orange (mixed)
<40 grey (weak/contrary)
MACD โ ๐ข if EMA(12)โEMA(26) > its EMA(9), else ๐ด. Itโs a simple โmomentum up/downโ proxy.
Align โ โ when everything is in gear for that trend direction:
For up: trendUp and price above both MAs and slope>0 and MACD up
For down: trendDown and price below both MAs and slope<0 and MACD down Tooltip spells this out.
3) Settings & how to tune them
3.1 Timeframes (TF1โTF8)
Inputs: TF1..TF8 hold the resolution strings used by request.security().
Defaults: M, W, D, 720, 480, 240, 60, 15 with display labels Month, Week, Day, 12H, 8H, 4H, 1H, 15m.
Tips
Keep a topโdown funnel (e.g., MonthโWeekโDayโH4โH1โM15) so you can cascade bias into entries.
If you scalp, consider D, 240, 120, 60, 30, 15, 5, 1.
Crypto weekends: consider 2D in place of W to reflect continuous trading.
3.2 Moving Average (MA) group
Type: EMA, SMA, WMA, RMA, HMA. Changes both fast & slow MA computations everywhere.
Fast Length: default 20. Shorten for snappier trend/slope & tighter โprice above fastโ signals.
Slow Length: default 200. Controls the structural trend and part of the score.
When to change
Swing FX/equities: EMA 20/200 is a solid baseline.
Meanโreversion style: consider SMA 20/100 so trend flips slower.
Crypto/indices momentum: HMA 21 / EMA 200 will read slope more responsively.
3.3 ATR / Distance group
ATR Length: default 14; longer makes distance less jumpy.
XS/S/M/L thresholds: define the labels in column MA Dist. They are compared to |close โ fastMA| / ATR.
Defaults: XS 0.25ร, S 0.75ร, M 1.5ร, L 2.5ร; anything โฅL is XL.
Usage
Entries late in a move often occur at L/XL; consider waiting for a pullback unless you are trading breakouts.
For stops, an initial SL around 0.75โ1.5 ATR from fast MA often sits behind nearby noise; use your plan.
3.4 Stochastic group
%K Length / Smoothing / %D Smoothing: defaults 14 / 1 / 3.
Overbought / Oversold: defaults 70 / 30 (adjust to 80/20 for trendier assets).
Heat logic (column Stoch %K): highlights when a pullback aligns with the dominant trend (oversold in an uptrend, overbought in a downtrend).
3.5 View
Full Screen Table Mode: centers and enlarges the table (position.middle_center). Great for clean screenshots or multiโmonitor setups.
4) Signal logic (how each datapoint is computed)
PerโTF data (via a single request.security()):
fastMA, slowMA โ based on your MA Type and lengths
%K, %D โ Stoch(High,Low,Close,kLen) smoothed by kSmooth, then %D smoothed by dSmooth
close, ATR(atrLen) โ for structure and distance
MACD up โ (EMA12โEMA26) > EMA9(EMA12โEMA26)
fastMA_prev โ yesterday/previousโbar fast MA for slope
TrendUp โ fastMA > slowMA
Price Position โ compares close to both MAs
MA Distance Label โ thresholds on abs(close โ fastMA)/ATR
Slope โ fastMA โ fastMA
Score (0โ100) โ sum of the five 20โpoint checks listed in ยง2.7
Align tick โ conjunction of trend, price vs both MAs, slope and MACD (see ยง2.9)
Important behaviour
HTF values are sampled at the execution chartโs bar close using Pine v6 defaults (no lookahead). So the daily row updates only when a daily bar actually closes.
5) How to trade with it (playbooks)
The table is a framework. Entries/exits still follow your plan (e.g., S/D zones, price action, risk rules). Use the table to know when to be aggressive vs patient.
Playbook A โ Trend continuation (pullback entry)
Look for Align โ on your anchor TFs (e.g., Week+Day both โฅ80 and green, Trend โ, MACD ๐ข).
On your execution TF (e.g., H1/H4), wait for Stoch heat with the trend (oversold in uptrend or overbought in downtrend), and MA Dist not at XL.
Enter on your trigger (break of pullback high/low, engulfing, retest of fast MA, or S/D first touch per your plan).
Risk: consider ATRโbased SL beyond structure; size so 0.25โ0.5% account risk fits your rules.
Trail or scale at M/L distances or when score deteriorates (<60).
Playbook B โ Breakout with confirmation
Mixed stack turns into broad green: Trend % jumps to โฅ80 on Day and H4; MACD flips ๐ข.
Price Pos shows ๐ผ across H4/H1 (above both MAs). Slope arrows โ.
Enter on the first clean baseโbreak with volume/impulse; avoid if MA Dist already XL.
Playbook C โ Meanโreversion fade (advanced)
Use only when higher TFs are not aligned and the row you trade shows XL distance against the higherโTF context. Take quick targets back to fast MA. Lower winโrate, faster management.
Playbook D โ Topโdown filter for Supply/Demand strategy
Trade first retests only in the direction where anchor TFs (Week/Day) have Align โ and Trend % โฅ60. Skip counterโtrend zones when the stack is red/green against you.
6) Reading examples
Strong bullish stack
Week: โ, ๐ผ, S/M, slope โ, %K=32 (green heat), Trend 100%, MACD ๐ข, Align โ
Day: โ, ๐ผ, XS/S, slope โ, %K=45, Trend 80%, MACD ๐ข, Align โ
Action: Look for H4/H1 pullback into demand or fast MA; buy continuation.
Lateโstage thrust
H1: โ, ๐ผ, XL, slope โ, %K=88
Day/H4: only 60โ80%
Action: Likely overextended on H1; wait for mean reversion or multiโTF alignment before chasing.
Bearish transition
Day flips from 60%โ40%, Trend โ, MACD turns ๐ด, Price Pos โโโ (between MAs)
Action: Stand aside for longs; watch for lowerโhigh + Align โ on H4/H1 to join shorts.
7) Practical tips & pitfalls
HTF closure: Donโt assume a daily row changed midโday; it wonโt settle until the daily bar closes. For intraday anticipation, watch H4/H1 rows.
MA Type consistency: Changing MA Type changes slope/structure everywhere. If you compare screenshots, keep the same type.
ATR thresholds: Calibrate per asset class. FX may suit defaults; indices/crypto might need wider S/M/L.
Score โ signal: 100% does not mean โmust buy now.โ It means the environment is favourable. Still execute your trigger.
Mixed stacks: When rows disagree, reduce size or skip. The tool is telling you the market lacks consensus.
8) Customisation ideas
Timeframe presets: Save layouts (e.g., Swing, Intraday, Scalper) as indicator templates in TradingView.
Alternative momentum: Replace the MACD condition with RSI(>50/<50) if desired (would require code edit).
Alerts: You can add alert conditions for (a) Align โ changes, (b) Trend % crossing 60/80, (c) Stoch heat events. (Not shipped in this script, but easy to add.)
9) FAQ
Q: Why do I sometimes see a dash in Price Pos? A: Price is between fast and slow MAs. Structure is mixed; seek clarity before acting.
Q: Does it repaint? A: No, higherโTF values update on the close of their own bars (standard request.security behaviour without lookahead). Intraโbar they can fluctuate; decisions should be made at your bar close per your plan.
Q: Which columns matter most? A: For trendโfollowing: Trend, Price Pos, Slope, MACD, then Stoch heat for entries. The Score summarises, and Align enforces discipline.
Q: How do I integrate with ATRโbased risk? A: Use the MA Dist label to avoid chasing at extremes and to size stops in ATR terms (e.g., SL behind structure at ~1โ1.5 ATR).
Linear Regression Channel [TradingFinder] Existing Trend Line๐ต Introduction
The Linear Regression Channel indicator is one of the technical analysis tool, widely used to identify support, resistance, and analyze upward and downward trends.
The Linear Regression Channel comprises five main components : the midline, representing the linear regression line, and the support and resistance lines, which are calculated based on the distance from the midline using either standard deviation or ATR.
This indicator leverages linear regression to forecast price changes based on historical data and encapsulates price movements within a price channel.
The upper and lower lines of the channel, which define resistance and support levels, assist traders in pinpointing entry and exit points, ultimately aiding better trading decisions.
When prices approach these channel lines, the likelihood of interaction with support or resistance levels increases, and breaking through these lines may signal a price reversal or continuation.
Due to its precision in identifying price trends, analyzing trend reversals, and determining key price levels, the Linear Regression Channel indicator is widely regarded as a reliable tool across financial markets such as Forex, stocks, and cryptocurrencies.
๐ต How to Use
๐ฃ Identifying Entry Signals
One of the primary uses of this indicator is recognizing buy signals. The lower channel line acts as a support level, and when the price nears this line, the likelihood of an upward reversal increases.
In an uptrend : When the price approaches the lower channel line and signs of upward reversal (e.g., reversal candlesticks or high trading volume) are observed, it is considered a buy signal.
In a downtrend : If the price breaks the lower channel line and subsequently re-enters the channel, it may signal a trend change, offering a buying opportunity.
๐ฃ Identifying Exit Signals
The Linear Regression Channel is also used to identify sell signals. The upper channel line generally acts as a resistance level, and when the price approaches this line, the likelihood of a price decrease increases.
In an uptrend : Approaching the upper channel line and observing weakness in the uptrend (e.g., declining volume or reversal patterns) indicates a sell signal.
In a downtrend : When the price reaches the upper channel line and reverses downward, this is considered a signal to exit trades.
๐ฃ Analyzing Channel Breakouts
The Linear Regression Channel allows traders to identify price breakouts as strong signals of potential trend changes.
Breaking the upper channel line : Indicates buyer strength and the likelihood of a continued uptrend, often accompanied by increased trading volume.
Breaking the lower channel line : Suggests seller dominance and the possibility of a continued downtrend, providing a strong sell signal.
๐ฃ Mean Reversion Analysis
A key concept in using the Linear Regression Channel is the tendency for prices to revert to the midline of the channel, which acts as a dynamic moving average, reflecting the price's equilibrium over time.
In uptrends : Significant deviations from the midline increase the likelihood of a price retracement toward the midline.
In downtrends : When prices deviate considerably from the midline, a return toward the midline can be used to identify potential reversal points.
๐ต Settings
๐ฃ Time Frame
The time frame setting enables users to view higher time frame data on a lower time frame chart. This feature is especially useful for traders employing multi-time frame analysis.
๐ฃ Regression Type
Standard : Utilizes classical linear regression to draw the midline and channel lines.
Advanced : Produces similar results to the standard method but may provide slightly different alignment on the chart.
๐ฃ Scaling Type
Standard Deviation : Suitable for markets with stable volatility.
ATR (Average True Range) : Ideal for markets with higher volatility.
๐ฃ Scaling Coefficients
Larger coefficients create broader channels for broader trend analysis.
Smaller coefficients produce tighter channels for precision analysis.
๐ฃ Channel Extension
None : No extension.
Left: Extends lines to the left to analyze historical trends.
Right : Extends lines to the right for future predictions.
Both : Extends lines in both directions.
๐ต Conclusion
The Linear Regression Channel indicator is a versatile and powerful tool in technical analysis, providing traders with support, resistance, and midline insights to better understand price behavior. Its advanced settings, including time frame selection, regression type, scaling options, and customizable coefficients, allow for tailored and precise analysis.
One of its standout advantages is its ability to support multi-time frame analysis, enabling traders to view higher time frame data within a lower time frame context. The option to use scaling methods like ATR or standard deviation further enhances its adaptability to markets with varying volatility.
Designed to identify entry and exit signals, analyze mean reversion, and assess channel breakouts, this indicator is suitable for a wide range of markets, including Forex, stocks, and cryptocurrencies. By incorporating this tool into your trading strategy, you can make more informed decisions and improve the accuracy of your market predictions.
Half Trend Regression [AlgoAlpha]Introducing the Half Trend Regression indicator by AlgoAlpha, a cutting-edge tool designed to provide traders with precise trend detection and reversal signals. This indicator uniquely combines linear regression analysis with ATR-based channel offsets to deliver a dynamic view of market trends. Ideal for traders looking to integrate statistical methods into their analysis to improve trade timing and decision-making.
Key Features
๐จ Customizable Appearance : Adjust colors for bullish (green) and bearish (red) trends to match your charting preferences.
๐ง Flexible Parameters : Configure amplitude, channel deviation, and linear regression length to tailor the indicator to different time frames and trading styles.
๐ Dynamic Trend Line : Utilizes linear regression of high, low, and close prices to calculate a trend line that adapts to market movements.
๐ Trend Direction Signals : Provides clear visual signals for potential trend reversals with plotted arrows on the chart.
๐ Adaptive Channels : Incorporates ATR-based channel offsets to account for market volatility and highlight potential support and resistance zones.
๐ Alerts : Set up alerts for bullish or bearish trend changes to stay informed of market shifts in real-time.
How to Use
๐ Add the Indicator : Add the Half Trend Regression indicator to your chart from the TradingView library. Access the settings to customize parameters such as amplitude, channel deviation, and linear regression length to suit your trading strategy.
๐ Analyze the Trend : Observe the plotted trend line and the filled areas under it. A green fill indicates a bullish trend, while a red fill indicates a bearish trend.
๐ Set Alerts : Use the built-in alert conditions to receive notifications when a trend reversal is detected, allowing you to react promptly to market changes.
How It Works
The Half Trend Regression indicator calculates linear regression lines for the high, low, and close prices over a specified period to determine the general direction of the market. It then computes moving averages and identifies the highest and lowest points within these regression lines to establish a dynamic trend line. The trend direction is determined by comparing the moving averages and previous price levels, updating as new data becomes available. To account for market volatility, the indicator calculates channels above and below the trend line, offset by a multiple of half the Average True Range (ATR). These channels help visualize potential support and resistance zones. The area under the trend line is filled with color corresponding to the current trend directionโgreen for bullish and red for bearish. When the trend direction changes, the indicator plots arrows on the chart to signal a potential reversal, and alerts can be set up to notify you. By integrating linear regression and ATR-based channels, the indicator provides a comprehensive view of market trends and potential reversal points, aiding traders in making informed decisions.
Enhance your trading strategy with the Half Trend Regression indicator by AlgoAlpha and gain a statistical edge in the markets! ๐๐
Percent Trend Change [BigBeluga]The Percent Trend Change indicator is a trend-following tool that provides real-time percentage changes during trends based on entry prices. Using John Ehlersโ Ultimate Smoother filter, it detects trend direction, identifies uptrends and downtrends, and tracks percentage changes during the trend. Additionally, it has a channel that can be toggled on or off, and the width can be customized, adding an extra visual layer to assess trend strength and direction.
NIFTY50:
META:
๐ต IDEA
The Percent Trend Change indicator helps traders visualize the progression of a trend with percentage changes from entry points. It identifies trends and marks percentage changes during the trend, making it easier to assess the strength and sustainability of the ongoing trend.
The use of John Ehlers' Ultimate Smoother filter helps detect trend changes based on consecutive price movements over five bars, making it highly responsive to short- and medium-term trends.
๐ต KEY FEATURES & USAGE
โ Ultimate Smoother Filter for Trend Detection:
The trend is detected using the Ultimate Smoother filter. If the smoothed line rises five times in a row, the indicator identifies an uptrend. If it falls five times in a row, it identifies a downtrend.
โ Trend Entry with Price Labels:
The indicator marks trend entry points with up (green) and down (red) triangles. These triangles are labeled with the entry price, allowing traders to track the starting price of the trend.
โ Percentage Change Labels During Trends:
During a trend, the indicator periodically plots percentage change labels based on the bar period set in the settings.
In an uptrend, positive changes are marked in green, while negative changes are marked in orange. In a downtrend, negative changes are marked in red, while positive changes are marked in orange.
Each plotted percentage label also includes a count of the trend points, allowing traders to track how many times the percentage labels have been plotted during the current trend.
These percentage labels help traders understand how much the price has changed since the trend began and can be used to define potential take-profit targets.
โ Channel Toggle and Width Customization:
The indicator includes a channel that visually highlights the trend. Traders can toggle this channel on or off, and the width of the channel can be adjusted to match individual preferences. The channel helps visualize the overall trend direction and the range within which price fluctuations occur.
๐ต CUSTOMIZATION
Smoother Length: Adjusts the length of the Ultimate Smoother filter, affecting how responsive the indicator is to price fluctuations.
Bars Percent: Defines how many bars must pass before a new percentage label is plotted. A smaller value plots labels more frequently, while a higher value shows fewer labels.
Channel Width & Show Channel: The width of the channel can be customized, and traders can toggle the channel on or off depending on their preferences.
Color Customization: Traders can customize the colors for the uptrend, downtrend, and percentage labels, providing flexibility in how the indicator is displayed on the chart.
By combining trend-following capabilities with percentage change tracking, the Percent Trend Change indicator offers a powerful tool for identifying trend direction and setting potential take-profit targets. The ability to customize the channel and percentage labels makes it adaptable to various trading strategies.
Multi-Average Trend Indicator (MATI)[FibonacciFlux]Multi-Average Trend Indicator (MATI)
Overview
The Multi-Average Trend Indicator (MATI) is a versatile technical analysis tool designed for traders who aim to enhance their market insights and streamline their decision-making processes across various timeframes. By integrating multiple advanced moving averages, this indicator serves as a robust framework for identifying market trends, making it suitable for different trading stylesโfrom scalping to swing trading.
MATI 4-hourly support/resistance
MATI 1-hourly support/resistance
MATI 15 minutes support/resistance
MATI 1 minutes support/resistance
Key Features
1. Diverse Moving Averages
- COVWMA (Coefficient of Variation Weighted Moving Average) :
- Provides insights into price volatility, helping traders identify the strength of trends in fast-moving markets, particularly useful for 1-minute scalping .
- DEMA (Double Exponential Moving Average) :
- Minimizes lag and quickly responds to price changes, making it ideal for capturing short-term price movements during volatile trading sessions .
- EMA (Exponential Moving Average) :
- Focuses on recent price action to indicate the prevailing trend, vital for day traders looking to enter positions based on current momentum.
- KAMA (Kaufman's Adaptive Moving Average) :
- Adapts to market volatility, smoothing out price action and reducing false signals, which is crucial for 4-hour day trading strategies.
- SMA (Simple Moving Average) :
- Provides a foundational view of the market trend, useful for swing traders looking at overall price direction over longer periods.
- VIDYA (Variable Index Dynamic Average) :
- Adjusts based on market conditions, offering a dynamic perspective that can help traders capture emerging trends.
2. Combined Moving Average
- The MATI's combined moving average synthesizes all individual moving averages into a single line, providing a clear and concise summary of market direction. This feature is especially useful for identifying trend continuations or reversals across various timeframes .
3. Dynamic Color Coding
- Each moving average is visually represented with color coding:
- Green indicates bullish conditions, while Red suggests bearish trends.
- This visual feedback allows traders to quickly assess market sentiment, facilitating faster decision-making.
4. Signal Generation and Alerts
- The indicator generates buy signals when the combined moving average crosses above its previous value, indicating a potential upward trendโideal for quick entries in scalping.
- Conversely, sell signals are triggered when the combined moving average crosses below its previous value, useful for exiting positions or entering short trades.
Insights and Applications
1. Scalping on 1-Minute Charts
- The MATI excels in fast-paced environments, allowing scalpers to identify quick entry and exit points based on short-term trends. With dynamic signals and alerts, traders can react swiftly to price movements, maximizing profit potential in brief price fluctuations.
2. Day Trading on 4-Hour Charts
- For day traders, the MATI provides essential insights into intraday trends. By analyzing the combined moving average and its relation to individual moving averages, traders can make informed decisions on when to enter or exit positions, capitalizing on daily price swings.
3. Swing Trading on Daily Charts
- The MATI also serves as a valuable tool for swing traders. By evaluating longer-term trends through the combined moving average, traders can identify potential swing points and adjust their strategies accordingly. The flexibility of adjusting the lengths of the moving averages allows for tailored approaches based on market volatility.
Benefits
1. Clarity and Insight
- The combination of diverse moving averages offers a clear visual representation of market trends, aiding traders in making informed decisions across multiple timeframes.
2. Flexibility and Customization
- With adjustable parameters, traders can adapt the MATI to their specific strategies, making it suitable for various market conditions and trading styles.
3. Real-Time Alerts and Efficiency
- Built-in alerts minimize response times, allowing traders to capitalize on opportunities as they arise, regardless of their trading style.
Conclusion
The Multi-Average Trend Indicator (MATI) is an essential tool for traders seeking to enhance their technical analysis capabilities. By seamlessly integrating multiple moving averages with dynamic color coding and real-time alerts, this indicator provides a comprehensive approach to understanding market trends. Its versatility makes it an invaluable asset for scalpers, day traders, and swing traders alike.
Important Note
As with any trading tool, thorough analysis and risk management are crucial when using this indicator. Past performance does not guarantee future results, and traders should always be prepared for market fluctuations.
Candlestick Trend Strength [AlgoAlpha]๐๐ Introducing the Candlestick Trend Strength by AlgoAlpha, a dynamic TradingView indicator designed to visually communicate the strength and direction of market trends right on your charts! ๐ฏ๏ธ๐ช
Key Features:
๐ Visual gauge for trend strength, color-coded for intuitive insights.
โณ Customizable trend detection and normalization periods to match your trading strategy.
๐จ Flexible color settings for both uptrend (green) and downtrend (red).
๐ Real-time alerts for trend reversals, helping you stay ahead of market moves.
How to Use:
๐ Add the Indicator: Add the indicator to favorites and customize it to suit your needs.
๐ Analyze the Trends: Monitor the color changes in the gauge and bar color to identify strengthening or weakening trends.
๐ Set Alerts: Configure alerts to notify you of trend changes, allowing you to react swiftly to trading opportunities without constant monitoring.
Basic Logic Explained:
The "Candlestick Trend Strength" indicator calculates the trend strength score by analyzing the ratio of the candle's wick to its body, alongside the direction of the candle (up or down). It uses a normalization period to adjust the sum of the trend score into a scale from -1 to 1, which is then plotted as a color gradient gauge from red (downtrend) to green (uptrend) on the chart. This representation helps traders quickly assess whether a trend is gaining or losing strength, and it updates in real-time with each new bar, providing a highly responsive tool for technical analysis.
Embrace the power of visual trend analysis with the "Candlestick Trend Strength" by AlgoAlpha and transform your trading experience today! ๐๐
Adaptive Schaff Trend Cycle (STC) [AlgoAlpha]Introducing the Adaptive Schaff Trend Cycle by AlgoAlpha: Elevate Your Trading Strategies ๐
Discover precision and adaptability with the Adaptive Schaff Trend Cycle ๐ฏ, meticulously crafted for traders seeking an edge in the markets. This advanced tool integrates sophisticated algorithms to offer clear insights and real-time analytics ๐.
Key Features:
โ๏ธAdaptive Signal Processing: Utilizes evolving calculations to adjust to market changes, offering highly responsive signals.
๐Enhanced MACD Analysis: Innovates on the traditional MACD, providing new insights into market dynamics through an adaptive lens.
๐จCustomizable Visual Experience: Features customizable up and down colors for tailored chart analysis.
๐Real-Time Alerts: Stay informed with instant alerts on indicator changes.
Quick Guide to Using the Adaptive STC Indicator
1. ๐ง Adding the Indicator: Search for "Adaptive Schaff Trend Cycle (STC) " within TradingView's Indicators & Strategies and apply it to your chart. Customize the settings according to your trading style for optimum results.
2.๐ Market Analysis: Monitor the STC and Histogram values closely. The indicator's color gradients provide a visual representation of momentum shifts, helping you to identify trends more clearly.
3. ๐จ Set Alerts: Enable alerts for specific conditions like significant moves up or down, or when the histogram crosses zero. This feature ensures you never miss a potential trading opportunity.
How It Works:
The Adaptive Schaff Trend Cycle by AlgoAlpha introduces a dynamic approach to market analysis, refining traditional indicators through adaptive logic to align with fluctuating market conditions. Here's a concise overview of its operation:
๐ Adaptive MACD Adjustment: The foundation of the indicator is an enhanced MACD calculation, which dynamically adjusts its parameters based on real-time market trends and momentum. This algorithmic adjustment aims to ensure the MACD's responsiveness to market changes, adapting its sensitivity to offer timely insights .
๐ Integration of Schaff Trend Cycle (STC): After adjusting the MACD, the indicator calculates STC values to provide a smoothed representation of market trends. By normalizing and smoothing the MACD values on a scale from 0 to 100, the STC method helps in identifying market phases with a clear visualization. The smoothing process is designed to mitigate noise and focus on significant market movements .
๐ Visualization and Alerts: To aid in the interpretation of these insights, the Adaptive Schaff Trend Cycle employs color gradients and customizable visual settings to indicate momentum shifts. These visual cues, combined with alert functionalities, are structured to assist traders in monitoring market developments, enabling them to make informed decisions based on the presented data .
๐ ๏ธThe Adaptive Schaff Trend Cycle thus merges adaptive MACD adjustments with STC methodology, supported by visual and alert features, to create a tool aimed at enhancing market analysis. By focusing on adaptability and current market conditions, it provides a nuanced view of market trends, intended to support traders in their decision-making processes without promising predictive accuracy or reliability .
Highest-Lowest Trend๐๐๐๐๐๐๐-๐๐๐๐๐๐ ๐๐๐๐๐ฟ ๐๐๐ฟ๐๐พ๐ผ๐๐๐
Overview:
The "Highest-Lowest Trend" indicator helps traders identify trends based on the highest and lowest values within a specified period. It provides visual cues to understand potential trend changes, making it a valuable tool for technical analysis.
Settings:
Length and Offset: Adjust the length and offset parameters to customize the sensitivity of the indicator.
Source: Determines whether to use the high and low prices or the closing price and others for calculations.
Visual Settings:
Bar Color: Enables or disables the coloring of bars based on the trend direction.
Up Color: Specifies the color for upward trends.
Down Color: Specifies the color for downward trends.
Indicator Calculation:
The indicator calculates the highest and lowest values within the defined length and offset.
The current trend is determined based on whether the closing price is above or below these values.
When the source crossed above highest indicator changes trend to upside and start to use lowest value and vice versa.
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var series float hlt = 0.0
series float upper = ta.highest(Use_High_and_Low ? high : src, length)
series float lower = ta.lowest( Use_High_and_Low ? high : src, length)
hlt := src > upper ?
lower : src < lower ?
upper : nz(hlt)
Usage:
Trend Identification: Watch for price to be above Trend Indicator crosses for up trend and below for down trend.
Length and Offset: Adjust the length and offset parameters to customize the sensitivity of the indicator.
Color, color bars: Change color of trends and bars for your taste
Note:
Trading involves inherent risks, and it is essential to exercise caution and employ multiple tools and indicators for comprehensive analysis. While the "Highest-Lowest Trend" indicator provides valuable insights into potential trend changes, relying solely on one tool for trading decisions is not recommended. Market conditions can be dynamic, and using a combination of indicators can enhance your overall analysis, providing a more robust foundation for decision-making. Always consider the broader market context, risk management strategies, and other relevant factors before executing trades.
Adaptive Trend Finder (log)In the dynamic landscape of financial markets, the Adaptive Trend Finder (log) stands out as an example of precision and professionalism. This advanced tool, equipped with a unique feature, offers traders a sophisticated approach to market trend analysis: the choice between automatic detection of the long-term or short-term trend channel.
Key Features:
1. Choice Between Long-Term or Short-Term Trend Channel Detection: Positioned first, this distinctive feature of the Adaptive Trend Finder (log) allows traders to customize their analysis by choosing between the automatic detection of the long-term or short-term trend channel. This increased flexibility adapts to individual trading preferences and changing market conditions.
2. Autonomous Trend Channel Detection: Leveraging the robust statistical measure of the Pearson coefficient, the Adaptive Trend Finder (log) excels in autonomously locating the optimal trend channel. This data-driven approach ensures objective trend analysis, reducing subjective biases, and enhancing overall precision.
3. Precision of Logarithmic Scale: A distinctive characteristic of our indicator is its strategic use of the logarithmic scale for regression channels. This approach enables nuanced analysis of linear regression channels, capturing the subtleties of trends while accommodating variations in the amplitude of price movements.
4. Length and Strength Visualization: Traders gain a comprehensive view of the selected trend channel, with the revelation of its length and quantification of trend strength. These dual pieces of information empower traders to make informed decisions, providing insights into both the direction and intensity of the prevailing trend.
In the demanding universe of financial markets, the Adaptive Trend Finder (log) asserts itself as an essential tool for traders, offering an unparalleled combination of precision, professionalism, and customization. Highlighting the choice between automatic detection of the long-term or short-term trend channel in the first position, this indicator uniquely caters to the specific needs of each trader, ensuring informed decision-making in an ever-evolving financial environment.
