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Deviation from EMA & VWAPThis indicator displays the real-time percentage deviation of price from both the EMA and VWAP. 🔹 EMA Deviation is shown as a smooth blue line 🟧 VWAP Deviation is shown as an orange histogram 📉 Use it to spot overbought/oversold conditions or sharp impulse moves 🔔 Built-in alerts for extreme deviations 🎯 Fully customizable: EMA length, deviation thresholds, VWAP toggle, and more Ideal for identifying counter-trend setups and price extremes across all timeframes.
Penunjuk Pine Script®
oleh alex.kurshalow
Easy MA SignalsEasy MA Signals Overview Easy MA Signals is a versatile Pine Script indicator designed to help traders visualize moving average (MA) trends, generate buy/sell signals based on crossovers or custom price levels, and enhance chart analysis with volume-based candlestick coloring. Built with flexibility in mind, it supports multiple MA types, crossover options, and customizable signal appearances, making it suitable for traders of all levels. Whether you're a day trader, swing trader, or long-term investor, this indicator provides actionable insights while keeping your charts clean and intuitive. Configure the Settings The indicator is divided into three input groups for ease of use: General Settings: Candlestick Color Scheme: Choose from 10 volume-based color schemes (e.g., Sapphire Pulse, Emerald Spark) to highlight high/low volume candles. Select “None” for TradingView’s default colors. Moving Average Length: Set the MA period (default: 20). Adjust for faster (lower values) or slower (higher values) signals. Moving Average Type: Choose between SMA, EMA, or WMA (default: EMA). Show Buy/Sell Signals: Enable/disable signal plotting (default: enabled). Moving Average Crossover: Select a crossover type (e.g., MA vs VWAP, MA vs SMA50) for signals or “None” to disable. Volume Influence: Adjust how volume impacts candlestick colors (default: 1.2). Higher values make thresholds stricter. Signal Appearance Settings: Buy/Sell Signal Shape: Choose shapes like triangles, arrows, or labels for signals. Buy/Sell Signal Position: Place signals above or below bars. Buy/Sell Signal Color: Customize colors for better visibility (default: green for buy, red for sell). Custom Price Alerts: Custom Buy/Sell Alert Price: Set specific price levels for alerts (default: 0, disabled). Enter a non-zero value to enable. Set Up Alerts To receive notifications (e.g., sound, popup, email) when signals or custom price levels are hit: Click the Alert button (alarm clock icon) in TradingView. Select Easy MA Signals as the condition and choose one of the four alert types: MA Crossover Buy Alert: Triggers on MA crossover buy signals. MA Crossover Sell Alert: Triggers on MA crossover sell signals. Custom Buy Alert: Triggers when price crosses above the custom buy price. Custom Sell Alert: Triggers when price crosses below the custom sell price. Enable Play Sound and select a sound (e.g., “Bell”). Set the frequency (e.g., Once Per Bar Close for confirmed signals) and create the alert. Analyze the Chart Moving Average Line: Displays the selected MA with color changes (green for bullish, red for bearish, gray for neutral) based on price position relative to the MA. Buy/Sell Signals: Appear as shapes or labels when crossovers or custom price levels are hit. Candlestick Colors: If a color scheme is selected, candles change color based on volume strength (high, low, or neutral), aiding in trend confirmation. Why Use Easy MA Signals? Easy MA Signals is designed to simplify technical analysis while offering advanced customization. It’s ideal for traders who want: A clear visualization of MA trends and crossovers. Flexible signal generation based on MA crossovers or custom price levels. Volume-enhanced candlestick coloring to identify market strength. Easy-to-use settings with tooltips for beginners and pros alike. This script is particularly valuable because it combines multiple features into one indicator, reducing chart clutter and providing actionable insights without overwhelming the user. Benefits of Easy MA Signals Highly Customizable: Supports SMA, EMA, and WMA with adjustable lengths. Offers multiple crossover options (VWAP, SMA10, SMA20, etc.) for tailored strategies. Custom price alerts allow precise targeting of key levels. Volume-Based Candlestick Coloring: 10 unique color schemes highlight volume strength, helping traders confirm trends. Adjustable volume influence ensures adaptability to different markets. Flexible Signal Visualization: Choose from various signal shapes (triangles, arrows, labels) and positions (above/below bars). Customizable colors improve visibility on any chart background. Alert Integration: Built-in alert conditions for crossovers and custom prices support sound, email, and app notifications. Easy setup for real-time trading decisions. User-Friendly Design: Organized input groups with clear tooltips make configuration intuitive. Suitable for beginners and advanced traders alike. Example Use Cases Swing Trading with MA Crossovers: Scenario: A trader wants to trade Bitcoin (BTC/USD) on a 4-hour chart using an EMA crossover strategy. Setup: Set Moving Average Type to EMA, Length to 20. Set Moving Average Crossover to “MA vs SMA50”. Enable Show Buy/Sell Signals and choose “arrowup” for buy, “arrowdown” for sell. Select “Emerald Spark” for candlestick colors to highlight volume surges. Usage: Buy when the EMA20 crosses above the SMA50 (green arrow appears) and volume is high (dark green candles). Sell when the EMA20 crosses below the SMA50 (red arrow). Set alerts for real-time notifications. Scalping with Custom Price Alerts: Scenario: A day trader monitors Tesla (TSLA) on a 5-minute chart and wants alerts at specific support/resistance levels. Setup: Set Custom Buy Alert Price to 150.00 (support) and Custom Sell Alert Price to 160.00 (resistance). Use “labelup” for buy signals and “labeldown” for sell signals. Keep Moving Average Crossover as “None” to focus on price alerts. Usage: Receive a sound alert and label when TSLA crosses 150.00 (buy) or 160.00 (sell). Use volume-colored candles to confirm momentum before entering trades. When NOT to Use Easy MA Signals High-Frequency Trading: Reason: The indicator relies on moving averages and volume, which may lag in ultra-fast markets (e.g., sub-second trades). High-frequency traders may need specialized tools with real-time tick data. Alternative: Use order book or market depth indicators for faster execution. Low-Volatility or Sideways Markets: Reason: MA crossovers and custom price alerts can generate false signals in choppy, range-bound markets, leading to whipsaws. Alternative: Use oscillators like RSI or Bollinger Bands to trade within ranges. This indicator is tailored more towards less experienced traders. And as always, paper trade until you are comfortable with how this works if you're unfamiliar with trading! We hope you enjoy this and have great success. Thanks for your interested in Easy MA Signals!
Penunjuk Pine Script®
oleh thisgirl
Bank Nifty ScalpingThis indicator is designed for scalping purposes. Users have the option to input the desired source and enable or disable the following indicators: Multiple EMA (Exponential moving average) Simultaneously displays multiple moving averages to quickly identify shifts in momentum and obtain confirmation from slower-moving averages. By default, the EMA display settings are configured to show the 20-day EMA and the 200-day EMA. However, users have the flexibility to modify the display settings according to their preferences. This means that users can customize the indicator to show the EMA values of their choice, such as EMA 50 and EMA 100. VWAP ( Volume weighted average price ) Default value is set to ‘hl2’ A bullish trend is indicated when the price is above the Volume Weighted Average Price (VWAP), while a bearish trend is indicated when the price is below the VWAP. VWMA ( Volume weighted moving average ) In the VWMA (Volume Weighted Moving Average) indicator, a default value of 20 is used. If the price is higher than the VWMA, it typically indicates a bullish trend. Conversely, if the price is lower than the VWMA, it suggests a bearish trend. The VWMA takes into account both price and volume, providing a weighted average that can help identify shifts in market sentiment. Multiple SuperTrends Default value is 10 and 2 / 10 and 3 A bullish trend is identified when the price is above the SuperTrend indicator, whereas a bearish trend is observed when the price is below the SuperTrend indicator. Camarilla Pivot Points (Level 3 and 4 only) Levels 3 and 4 serve as crucial support and resistance levels, acting as the final line of defense against strong trends. These levels are expected to generate reversals, where price often changes direction. CPR ( Central Pivot Points) The Daily Central Pivot Point Indicator is a popular tool used in technical analysis. It calculates several levels based on the previous day's high, low, and closing prices. Strong Volume The user has the ability to set the average volume for Nifty and BankNifty indices to calculate strong volume. Elder Impulse System The Impulse System, developed by Alexander Elder and discussed in his book "New Trading for a Living," is a censorship trading system designed to determine whether a trade should be allowed or prohibited. Additionally, it can be used to identify when a trend is starting to weaken. The Impulse System relies on the following factors: 1. Slope of a Fast Exponential Moving Average (EMA): The fast EMA's slope reflects the price's inertia or momentum. 2. Slope of the Moving Average Convergence Divergence (MACD): The MACD's slope indicates the strength or power of the price movement. Based on these factors, the Impulse System categorizes candles or price bars into three colors: * Green Candle: When both the fast EMA and MACD are rising, indicating upward momentum. * Red Candle: When both the fast EMA and MACD are declining, suggesting downward momentum. * Blue Candle: In all other cases where the conditions for green or red candles are not met, representing a neutral or uncertain market condition. By applying the Impulse System, traders can gain insights into the market trend, its strength, and potential shifts in momentum, helping them make informed trading decisions. Happy Trading
Penunjuk Pine Script®
oleh DanSib
33
Bogdan Ciocoiu - Sniper EntryWhat is Sniper Entry Sniper Entry is a set indicator that encapsulates a collection of pre-configured scripts using specific variables that enable users to extract signals by interpreting market behaviour quickly, suitable for 1-3min scalping. This instrument is a tool that acts as a confluence for traders to make decisions concerning current market conditions. This indicator does not apply solely to an asset. What Sniper Entry is not Sniper Entry is not interpreting fundamental analysis and will also not be providing out of box market signals. Instead, it will provide a collection of integrated and significantly improved open-source subscripts designed to help traders speculate on market trends. Traders must apply their strategies and configure Sniper Entry accordingly to maximise the script's output. Originality and usefulness The collection of subscripts encapsulated in this tool makes it unique in the Trading View ecosystem. This indicator enables traders to consider entry positions or exit positions by comparing similar algorithms at once. Its usefulness also emerges from the unique configurations embedded in the indicator's settings, which are different from those of the original scripts. This indicator's originality is also reflected in how its modules are integrated, including the integration of the settings. Open-source reuse I used the following open-source resources, which I simplified significantly and pre-configured for short term scalping. The source codes for the below are already in the public domain, including the following links listed below. www.tradingview.com (open source) (open source and generic algorithm) www.tradingview.com (open source) (open source) (open source) www.tradingview.com (generic MA algorithm and open source) (generic VWAP algorithm and open source)
Penunjuk Pine Script®
oleh BogdanCiocoiu
1
AggBands (v1) [qrsq]The "AggBands" indicator is a custom trading indicator designed to provide a consolidated view of the price action across multiple assets or trading pairs. It combines the price data from multiple tickers and calculates an aggregated price using user-defined weights for each ticker. The indicator starts by defining the tickers to be included in the aggregation. You can choose from predefined configurations such as "BTC PAIRS," "CRYPTO TOTAL MARKET CAP," "TOP 5 PAIRS," "TOP 5 MEMECOINS," "SPX," "DXY," or "FANG." Each configuration includes specific tickers or indices relevant to the chosen category. The indicator then fetches the closing, high, and low prices for each ticker and applies the user-defined weights to calculate the aggregated prices. The aggregated prices are normalized within a specified length to provide a consistent scale across different assets or pairs. Next, the indicator calculates the midpoint, which is the average of the highest high and lowest low of the aggregated prices over a specified aggregation period. To assess the volatility, the indicator calculates the price range and applies the Average True Range (ATR) indicator to determine the volatility value. The standard deviation is then computed using the price range and aggregation period, with an additional scaling factor applied to the volatility value. Based on the standard deviation, the indicator generates multiple bands above and below the midpoint. By default, three standard deviation bands are calculated, but the user can choose between one and five bands. The upper and lower bands are smoothed using various moving average (MA) types, such as Simple Moving Average (SMA), Exponential Moving Average (EMA), Smoothed Moving Average (SMMA/RMA), Weighted Moving Average (WMA), Volume Weighted Moving Average (VWMA), Volume Weighted Average Price (VWAP), or Arnaud Legoux Moving Average (ALMA). The user can also adjust the length, offset, and sigma parameters for the moving averages. The indicator can optionally smooth the midpoint, upper bands, and lower bands using a separate set of moving average parameters. The indicator can be useful for traders and analysts who want to gain a consolidated view of price movements across multiple assets or trading pairs. It helps identify trends, volatility, and potential support and resistance levels based on the aggregated price and standard deviation bands. Traders can use this information to make informed decisions about trading strategies, risk management, and market analysis.
Penunjuk Pine Script®
oleh qrsq
Periodic Moving AveragesIndicator plots three simple moving averages (MA) that are reset at the beginning of period, specified by a user. Red MA is based on highs Blue MA is based on close Green MA one is based on lows. Moving averages often act as support /resistance levels. They can also help to identify intraday trend. It is important to realize that none of the moving averages is universal as price behavior changes from day to day. On the chart I’ve highlighted several occurrences when one of MAs (different ones) provided support for price. Parameters: PERIOD – period for which MAs are plotted. They are reset at the beginning of each period. Period cannot be lower than chart’s timeframe LENGTH – length of moving averages. If set to 0 then parameter is ignored and MAs are calculated on all bars, available in the period VWAP? – if checked then moving averages will be calculated as volume weighted price Disclaimer This indicator should not be used as a standalone tool to make trading decisions but only in conjunction with other technical analysis methods.
Penunjuk Pine Script®
oleh hermes_trisme
VWOP: Volume Weighted & Oscillated PriceWhile playing around with the standard "ta.vwap" I wondered why there was no length input, so I did some research on what the underlying calculation actually is, and did my best to augment it so as to allow for a variable length based on an oscillator value. Normal VWAP = (Number of Shares Bought x Typical Price) / Total Volume In my VWOP Calculation, typical price is replaced by selected moving average type or "matype" and then multiplied by the volume. Then a total value is calculated using math.sum with a length value that changes according to a selected oscillator's value. The total is then divided by the sum of just volume using the same oscillating length value. Result is then passed through the selected"matype" once more to give the final result. Indicator designed for use as a entry/exit indicator in conjunction with more traditional moving averages and/or signal filters. Useful for taking volume + an oscillator into account along with price, instead of just the price as with a simple moving average.
Penunjuk Pine Script®
oleh EsIstTurnt
3
Crossover Alerts for Yesterday O/H/L/C , Today Vwap [Zero54]This is a very simple script/indicator that trigger alerts every time the script triggers the following conditions. 1) Script crosses yesterday's (previous day's) high 2) Script crosses yesterday's (previous day's) low 3) Script crosses yesterday's (previous day's) open 4) Script crosses yesterday's (previous day's) close 5) Script crosses today's vwap. I developed this to keep track of the scripts I follow and I find it useful. Hope you will find it useful too. Steps to use: 1) Open the ticker for which you want to set the alerts. 2) Add this indicator to the chart. 3) Right Click on the text and set choose "Add Alert" 4) After you have done with setting up the alert, feel free to remove the indicator from the chart. It is not necessary for the indicator to be added in the chart in order for it to work. 5) Repeat 1-4 for all the scripts for which you want to set the alerts. Be advised: During market open, if you have set alerts for multiple scripts, a tsunami of alerts may be triggered. If you like this alert indicator, please like/boost it. Feel free to re-use this code however you may wish to. Cheers!
Penunjuk Pine Script®
oleh zero54
2
Alternative Daily Reference Points for Intra-hour ChartsThis is a different version of my www.tradingview.com used high, lows and pivots. One problem with pivot points is the number of calculation methods. The alternative version shows historical lows, closes, highs one basic period back. ► On lower timeframes - hour or less - this will show High, Low and Close from the previous day, two days ago, the previous week and two weeks ago and VWAP. ► On 1h daily reference points need to be enabled. On higher timeframes, daily reference points will not be shown. On the daily chart, weekly levels need to be enabled to still show and will be disabled on all higher periods. ► It is configured only for normal timeframes. If you use something like 17-minutes timeframe, you will have to allow this timeframe in the code. Bear in mind, using all lines at the same time can be a little confusing and price doesn't react to every one of them. You can probably disable lows in the uptrend or scratch closes to simplify your chart. Have a great trade!
Penunjuk Pine Script®
oleh OrcChieftain
7
Anchored VWAPs + DeviationsAnchored VWAPS *6 anchors to play with *Pre-defined anchors from pivot points (May need manual adjustment due to timezone difference) *Drag each anchor right from the screen instead of manually going to the settings>inputs Deviations: *Select from which anchor should the deviations start from *Manually input the desired deviation value/ratio, can be customised **Tips: To avoid clicking on the AVWAPS to enable the dragging line, just click on the title of the indicator. ***Work in progress
Penunjuk Pine Script®
oleh Jmorgado89
1
MIDAS VWAP Jayy his is just a bash together of two MIDAS VWAP scripts particularly AkifTokuz and drshoe. I added the ability to show more MIDAS curves from the same script. The algorithm primarily uses the "n" number but the date can be used for the 8th VWAP I have not converted the script to version 3. To find bar number go into "Chart Properties" select " "background" then select Indicator Titles and "Indicator values". When you place your cursor over a bar the first number you see adjacent to the script title is the bar number. Put that in the dialogue box midline is MIDAS VWAP . The resistance is a MIDAS VWAP using bar highs. The resistance is MIDAS VWAP using bar lows. In most case using N will suffice. However, if you are flipping around charts inputting a specific date can be handy. In this way, you can compare the same point in time across multiple instruments eg first trading day of the year or an election date. Adding dates into the dialogue box is a bit cumbersome so in this version, it is enabled for only one curve. I have called it VWAP and it follows the typical VWAP algorithm. (Does that make a difference? Read below re my opinion on the Difference between MIDAS VWAP and VWAP ). I have added the ability to start from the bottom or top of the initiating bar. In theory in a probable uptrend pick a low of a bar for a low pivot and start the MIDAS VWAP there using the support. For a downtrend use the high pivot bar and select resistance. The way to see is to play with these values. Difference between MIDAS VWAP and the regular VWAP MIDAS itself as described by Levine uses a time anchored On-Balance Volume (OBV) plotted on a graph where the horizontal (abscissa) arm of the graph is cumulative volume not time. He called his VWAP curves Support/Resistance VWAP or S/R curves. These S/R curves are often referred to as "MIDAS curves". These are the main components of the MIDAS chart. A third algorithm called the Top-Bottom Finder was also described. (Separate script). Additional tools have been described in "MIDAS_Technical_Analysis" Midas Technical Analysis: A VWAP Approach to Trading and Investing in Today’s Markets by Andrew Coles, David G. Hawkins Copyright © 2011 by Andrew Coles and David G. Hawkins. Denoting the different way in which Levine approached the calculation. The difference between "MIDAS" VWAP and VWAP is, in my opinion, much ado about nothing. The algorithms generate identical curves albeit the MIDAS algorithm launches the curve one bar later than the VWAP algorithm which can be a pain in the neck. All of the algorithms that I looked at on Tradingview step back one bar in time to initiate the MIDAS curve. As such the plotted curves are identical to traditional VWAP assuming the initiation is from the candle/bar midpoint. How did Levine intend the curves to be drawn? On a reversal, he suggested the initiation of the Support and Resistance VVWAP (S/R curve) to be started after a reversal. It is clear in his examples this happens occasionally but in many cases he initiates the so-called MIDAS S/R VWAP right at the reversal point. In any case, the algorithm is problematic if you wish to start a curve on the first bar of an IPO . You will get nothing. That is a pain. Also in Levine's writings, he describes simply clicking on the point where a S/R VWAP is to be drawn from. As such, the generally accepted method of initiating the curve at N-1 is a practical and sensible method. The only issue is that you cannot draw the curve from the first bar on any security, as mentioned without resorting to the typical VWAP algorithm. There is another difference. VWAP is launched from the middle of the bar (as per AlphaTrends), You can also launch from the top of the bar or the bottom (or anywhere for that matter). The calculation proceeds using the top or bottom for each new bar. The potential applications are discussed in the MIDAS Technical Analysis book.
Penunjuk Pine Script®
oleh jayy
21
RVMM IndicatorRVMM Indicator RVMM Indicator combines four indicators: RSI, VWAP, MFI, and Momentum to provide comprehensive technical analysis. This indicator helps traders identify potential market conditions based on the interaction of these indicators. Components of the RVMM Indicator 1. RSI (Relative Strength Index) RSI is a momentum indicator that measures the speed and change of price movements. RSI oscillates between 0 and 100 and is used to identify overbought and oversold conditions in the market. Buy Level: Set at 30. When RSI falls below 30, the market is considered oversold, which may suggest a potential upward trend reversal. Sell Level: Set at 70. When RSI rises above 70, the market is considered overbought, which may suggest a potential downward trend reversal. 2. VWAP (Volume Weighted Average Price) VWAP is an indicator that combines price and volume to calculate the average price weighted by volume. VWAP is used to identify support and resistance areas and assess the strength of price movements. Interpretation: If the price is above the VWAP line, the market is likely in an uptrend. If the price is below the VWAP line, the market is in a downtrend. 3. MFI (Money Flow Index) MFI is a momentum indicator that considers both price and volume. MFI oscillates between 0 and 100 and is used to identify overbought and oversold conditions in the market. Oversold Level: Set at 20. When MFI falls below 20, the market is considered oversold. Overbought Level: Set at 80. When MFI rises above 80, the market is considered overbought. 4. Momentum Momentum is an indicator that measures the speed of price changes. This indicator is used to identify the strength of a trend. Interpretation: High momentum values indicate a strong uptrend, while low momentum values indicate a strong downtrend. How to Use the RVMM Indicator Interpreting Market Conditions: RSI : Check RSI values below 30 to identify oversold conditions, and above 70 to identify overbought conditions. VWAP : Observe whether the price is above or below the VWAP line to determine if the market is in an uptrend or downtrend. MFI : Check if MFI is below 20 to identify oversold conditions, and above 80 to identify overbought conditions. Momentum : Analyze momentum values to gauge the strength of the current trend. Confirming Market Conditions: Use VWAP, MFI, and Momentum to confirm market conditions identified by RSI. If the price is above the VWAP line, and MFI and Momentum indicate the strength of the uptrend, the market may be in a bullish phase. If the price is below the VWAP line, and MFI and Momentum indicate the strength of the downtrend, the market may be in a bearish phase. Risk Management: Set stop-loss and take-profit levels based on technical analysis and your trading preferences. Monitor the market and adjust stop-loss and take-profit levels as market conditions change. Example of Application Here is an example of how to use the RVMM Indicator in practice: Bullish Phase: When the price is above the VWAP line, RSI is below 30, and MFI and Momentum indicate the strength of the uptrend, the market is likely in a bullish phase. Bearish Phase: When the price is below the VWAP line, RSI is above 70, and MFI and Momentum indicate the strength of the downtrend, the market is likely in a bearish phase.
Penunjuk Pine Script®
oleh cryptosada
Uptrick: Zero Lag HMA Trend Suite1. Name and Purpose Uptrick: Zero Lag HMA Trend Suite is a Pine Version 6 script that builds upon the Hull Moving Average (HMA) to offer an advanced trend analysis tool. Its purpose is to help traders identify trend direction, potential reversals, and overall market momentum with reduced lag compared to traditional moving averages. By combining the HMA with Average True Range (ATR) thresholds, slope-dependent coloring, Volume Weighted Average Price (VWAP) ribbons, and optional reversal signals, the script aims to give a detailed view of price activity in various market environments. 2. Overview This script begins with the calculation of a Hull Moving Average, a method that blends Weighted Moving Averages in a way designed to cut down on lag while still smoothing out price fluctuations. Next, several enhancements are applied. The script compares current HMA values to previous ones for slope-based coloring, which highlights uptrends and downtrends at a glance. It also plots buy and sell signals when price moves beyond or below thresholds determined by the ATR and the user’s chosen signal multiplier. An optional VWAP ribbon can be shown to confirm bullish or bearish conditions relative to a volume-weighted benchmark. Additionally, the script can plot reversal signals (labeled with B) at points where price crosses back toward the HMA from above or below. Taken together, these elements allow traders to visualize both the short-term momentum and the broader context of how price interacts with volatility and overall market direction. 3. Why These Indicators Have Been Linked Together The reason the Hull Moving Average, the Average True Range, and the VWAP have been integrated into one script is to tackle multiple facets of market analysis in a single tool. The Zero Lag Hull Moving Average provides a responsive trend line, the ATR offers a measure of volatility that helps distinguish significant price shifts from typical fluctuations, and the VWAP acts as a reference for fair value based on traded volume. By layering all three, the script helps traders avoid the need to juggle multiple separate indicators and offers a holistic perspective. The slope-based coloring focuses on trend direction, the ATR-based thresholds refine possible buy and sell zones, and the VWAP ribbons provide insight into how price stands relative to an important volume-weighted level. The inclusion of up and down signals and reversal B labels further refines entries and exits. 4. Why Use Uptrick: Zero Lag HMA Trend Suite The Hull Moving Average is already known for reacting more quickly to price changes compared to other moving averages while retaining a degree of smoothness. This suite enhances the basic HMA by showing colored gradients that make it easy to spot trend direction changes, highlighting potential entry or exit points based on volatility-driven thresholds, and optionally layering a volume-based measure of bullish or bearish market sentiment. By relying on a zero lag approach and additional data points, the script caters to those wanting a more responsive method of identifying shifts in market dynamics. The added reversal signals and up or down alerts give traders extra confirmation for potential turning points. 5. How This Extension Improves on the Basic HMA This extension not only plots the Hull Moving Average but also includes data-driven alerts and visual cues that traditional HMA lines do not provide. First, it offers multi-layered slope coloring, making up or down trends quickly apparent. Second, it uses ATR-based thresholds to pinpoint moments when price may be extending beyond normal volatility, thus generating buy or sell signals. Third, the script introduces an optional VWAP ribbon to indicate whether the market is trading above or below this pivotal volume-weighted benchmark, adding a further confirmation step for bullish or bearish conditions. Finally, it incorporates optional reversal signals labeled with B, indicating points where price might swing back toward the main HMA line. 6. Core Components The script can be broken down into several primary functions and features. a. Zero Lag HMA Calculation Uses two Weighted Moving Averages (half-length and full-length) combined through a smoothing step based on the square root of the chosen length. This approach is designed to reduce lag significantly compared to other moving averages. b. Slope Detection Compares current and prior HMA values to determine if the trend is up or down. The slope-based coloring changes between turquoise shades for upward movement and magenta shades for downward movement, making trend direction immediately visible. c. ATR-Based Thresholding for Up and Down Signals The script calculates an Average True Range over a user-defined period, then multiplies it by a signal factor to form two bands around the HMA. When price crosses below the lower band, an up (buy) signal appears; when it crosses above the upper band, a down (sell) signal is shown. d. Reversal Signals (B Labels) Tracks when price transitions back toward the main HMA from an extreme zone. When enabled, these reversal points are labeled with a B and can help traders see potential turning points or mean-reversion setups. e. VWAP Bands An optional Volume Weighted Average Price ribbon that plots above or below the HMA, indicating bullish or bearish conditions relative to a volume-weighted price benchmark. This can also act as a kind of support/ resistance. 7. User Inputs a. HMA Length Controls how quickly the moving average responds to price changes. Shorter lengths react faster but can lead to more frequent signals, whereas longer lengths produce smoother lines. b. Source Specifies the price input, such as close or an alternative source, for the calculation. This can help align the HMA with specific trading strategies. c. ATR Length and Signal Multiplier Defines how the script calculates average volatility and sets thresholds for buy or sell alerts. Adjusting these values can help filter out noise or highlight more aggressive signals. d. Slope Index Determines how many bars to look back for detecting slope direction, influencing how sensitive the slope coloring is to small fluctuations. e. Show Buy and Sell Signals, Reversal Signals, and VWAP Lets users toggle the display of these features. Turning off certain elements can reduce chart clutter if traders prefer a simpler layout. 8. Calculation Process The script’s calculation follows a step-by-step approach. It first computes two Weighted Moving Averages of the selected price source, one over half the specified length and one over the full length. It then combines these using 2*wma1 minus wma2 to reduce lag, followed by applying another weighted average using the square root of the length. Simultaneously, it computes the ATR for a user-defined period. By multiplying ATR by the signal multiplier, it establishes upper and lower bands around the HMA, where crossovers generate buy (up) or sell (down) signals. The script can also plot reversal signals (B labels) when price crosses back from these bands in the opposite direction. For the optional VWAP feature, Pine Script’s ta.vwap function is used, and differences between the HMA and VWAP levels determine the color and opacity of the ribbon. 9. Signal Generation and Filtering The ATR-based thresholds reduce the influence of small, inconsequential price swings. When price falls below the lower band, the script issues an up (buy) signal. If price breaks above the upper band, a down (sell) signal appears. These signals are visible through labels placed near the bars. Reversal signals, labeled with B, can be turned on to help detect when price retraces from an extended area back toward the main HMA line. Traders can disable or enable these signals to match their preferred level of chart detail or risk tolerance. 10. Visualization on the Chart The Zero HMA Lag Trend Suite aims for visual clarity. The HMA line is plotted multiple times with increasing transparency to create a gradient effect. Turquoise gradients indicate upward slopes, and magenta gradients signify downward slopes. Bar coloring can be configured to align with the slope direction, providing quick insight into current momentum. When enabled, buy or sell labels are placed under or above the bars as price crosses the ATR-defined boundaries. If the reversal option is active, B labels appear around areas where price changes direction. The optional VWAP ribbons form background bands, using distinct coloration to signal whether price is above or below the volume-weighted metric. 11. Market Adaptability Because the script’s parameters (HMA length, ATR length, signal multiplier, and slope index) are user-configurable, it can adapt to a wide range of markets and timeframes. Intraday traders may prefer a shorter HMA length for quick signals, while swing or position traders might use a longer HMA length to filter out short-lived price changes. The source setting can also be adjusted, allowing for specialized data inputs beyond just close or open values. 12. Risk Management Considerations The script’s signals and labels are based on past price data and volatility readings, and they do not guarantee profitable outcomes. Sharp market reversals or unforeseen fundamental events can produce false signals. Traders should combine this tool with broader risk management strategies, including stop-loss placement, position sizing, and independent market analyses. The Zero HMA Lag Trend Suite can help highlight potential opportunities, but it should not be relied upon as the sole basis for trade decisions. 13. Combining with Other Tools Many traders choose to verify signals from the Zero HMA Lag Trend Suite using popular indicators like the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), or even simple volume-based metrics to confirm whether a price movement has sufficient momentum. Conventional techniques such as support and resistance levels, chart patterns, or candlestick analysis can also supplement signals generated by the script’s up, down, or reversal B labels. 14. Parameter Customization and Examples a. Short-Term Day Trading Using a shorter HMA length (for instance, 9 or 14) and a slightly higher ATR multiplier might provide timely buy and sell signals, though it may also produce more whipsaws in choppy markets. b. Swing or Position Trading Selecting a longer HMA length (such as 50 or 100) with a moderate ATR multiplier can help users track more significant and sustained market moves, potentially reducing the effect of minor fluctuations. c. Multiple Timeframe Blends Some traders load two versions of the indicator on the same chart, one for short-term signals (with frequent B label reversals) and another for the broader trend direction, aligning entry and exit decisions with the bigger picture. 15. Realistic Expectations Even though the Hull Moving Average helps minimize lag and the script incorporates volatility-based filters and optional VWAP overlays, it cannot predict future market behavior with complete accuracy. Periods of low liquidity or sudden market shocks can still lead to signals that do not reflect longer-term trends. Frequent parameter review and manual confirmation are advised before executing trades based solely on the script’s outputs. 16. Theoretical Background The Hull Moving Average formula aims to balance smoothness with reactivity, accomplished by combining Weighted Moving Averages at varying lengths. By subtracting a slower average from a faster one and then applying another smoothing step with the square root of the original length, the HMA is designed to respond more promptly to price changes than typical exponential or simple moving averages. The ATR component, introduced by J. Welles Wilder, calculates the average range of price movement over a user-defined period, allowing the script to assess volatility and adapt signals accordingly. VWAP provides a volume-weighted benchmark that many institutional traders track to gauge fair intraday value. 17. Originality and Uniqueness Although multiple HMA-based indicators can be found, Uptrick: Zero Lag HMA Trend Suite sets itself apart by merging slope-based coloring, ATR thresholds, VWAP ribbons, up or down labels, and optional reversal signals all in one cohesive platform. This synergy aims to reduce chart clutter while still giving traders a comprehensive look at trend direction, volatility, and volume-based sentiment. 18. Summary Uptrick: Zero Lag HMA Trend Suite is a specialized trading script designed to highlight potential market trends and reversals with minimal delay. It leverages the Hull Moving Average for an adaptive yet smooth price line, pairs ATR-based thresholds for detecting possible breakouts or dips, and provides VWAP-based ribbons for added volume-weighted context. Traders can further refine their entries and exits by enabling up or down signals and reversal labels (B) where price may revert toward the HMA. Suitable for a wide range of timeframes and instrument types, the script encourages a disciplined approach to trade management and risk control. 19. Disclaimer This script is provided for informational and educational purposes only. Trading and investing involve significant financial risk, and no indicator can guarantee success under all conditions. Users should practice robust risk management, including the placement of stop losses and position sizing, and should confirm signals with additional analysis tools. The developer of this script assumes no liability for any trading decisions or outcomes resulting from its use.
Penunjuk Pine Script®
oleh Uptrick
14
BK Multiple MA, RMA, SMA, HMA, VWAP, Rolling VWAP **Indicator Description** I’m incredibly proud to introduce my third indicator to the TradingView community: **BK Multiple MA with HMA, VWAP, and Rolling VWAP**! This tool has been a game-changer in my trading strategy, and I’m excited to share it with others who are navigating the markets. This indicator holds a special place in my heart because it represents the first technical analysis concept introduced to me by my mentor when I began apprenticing under him. His wisdom, guidance, and passion for trading—and for life—left an indelible mark on my journey. I dedicate this work, and every indicator I introduce, to the foundation he helped me build, while giving glory first and foremost to God. **Moving Averages (MAs)** are one of the most widely used tools in technical analysis, and this indicator takes them to the next level. It allows you to plot **six fully customizable moving averages simultaneously**, with options including: - **Exponential Moving Average (EMA)** - **Simple Moving Average (SMA)** - **Relative Moving Average (RMA)** - **Hull Moving Average (HMA)** - **Volume Weighted Average Price (VWAP)** - **Rolling VWAP** This flexibility makes the indicator highly versatile, whether you’re a day trader, swing trader, or long-term investor. By customizing periods, colors, and line widths for each MA, you can tailor the indicator to perfectly suit your trading style. **Key Features** 1. **Six Fully Customizable MAs**: - Adjust periods, line colors, and widths to match your preferences. - Select from EMA, SMA, RMA, HMA, VWAP, or Rolling VWAP for each line. 2. **Unique Rolling VWAP Option**: - Rolling VWAP calculates the volume-weighted average price over a user-defined period, such as 200 candles. - This feature is ideal for traders seeking volume-weighted levels that don’t reset with each session, making it invaluable for trend-following and swing trading. 3. **HMA for Smoother Trends**: - The Hull Moving Average (HMA) is designed to reduce lag and provide a responsive, noise-free view of price trends. - It’s a powerful tool for spotting reversals and confirming directional momentum. 4. **Session VWAP**: - Traditional VWAP resets with each trading session, making it a reliable benchmark for intraday support and resistance levels. **How It Works** - **VWAP**: Reflects the average price weighted by volume for the current trading session, commonly used by institutional traders to identify key price levels. - **Rolling VWAP**: Extends VWAP functionality by calculating over a user-defined period, allowing for flexible multi-timeframe analysis. - **HMA**: A fast, smooth moving average that reacts quickly to price changes while filtering out noise. The combination of these options provides traders with a comprehensive view of market dynamics, enabling better decision-making. **Final Thoughts** This indicator is deeply meaningful to me because it represents the first concept my mentor introduced when I began apprenticing under him. His wisdom, guidance, and passion for trading—and for life—left an indelible mark on my journey. I dedicate this work, and every indicator I introduce, to the foundation he helped me build, while giving glory first and foremost to God. If this indicator helps you succeed, I humbly ask that you honor the blessings in your life by giving back—whether through acts of kindness, philanthropy, or helping others in need. May the Almighty guide us all toward wisdom and success in our endeavors. All glory belongs to God!
Penunjuk Pine Script®
oleh Ki11a_B
MERCURY by DrAbhiramSivprasad"MERCURY by DrAbhiramSivprasad" Developed from over 10 years of personal trading experience, the Mercury Indicator is a strategic tool designed to enhance accuracy in trading decisions. Think of it as a guiding light—a supportive tool that helps traders refine and build more robust strategies by integrating multiple powerful elements into a single indicator. I’ll be sharing some examples to illustrate how I use this indicator in my own trading journey, highlighting its potential to improve strategy accuracy. Reason behind the combination of emas , cpr and vwap is it provides very good support and resistance in my trading carrier so now i brought them together in one plate How It Works: Mercury combines three essential elements—EMA, VWAP, and CPR—each of which plays a vital role in detecting support and resistance: Exponential Moving Averages (EMAs): Known for their strength in providing dynamic support and resistance levels, EMAs help in identifying trends and shifts in momentum. This indicator includes a dashboard with up to nine customizable EMAs, showing whether each is acting as support or resistance based on real-time price movement. Volume Weighted Average Price (VWAP): VWAP also provides valuable support and resistance, often regarded as a fair price level by institutional traders. Paired with EMAs, it forms a dual-layered support/resistance system, adding an additional level of confirmation. Central Pivot Range (CPR): By combining CPR with EMAs and VWAP, Mercury highlights “traffic blocks” in your target journey. This means it identifies zones where price is likely to stall or reverse, providing additional guidance for navigating entries and exits. Why This Combination Matters: Using these three tools together gives you a more complete view of the market. VWAP and EMAs offer dynamic trend direction and support/resistance, while CPR pinpoints critical price zones. This combination helps you find high-probability trades, adding clarity to complex market situations and enabling stronger confirmation on trend or reversal decisions. How to Use: Trend Confirmation: Check if all EMAs are aligned (green for uptrend, red for downtrend), which is visible in the EMA dashboard. An alignment across VWAP, CPR, and EMAs signifies high confidence in trend direction. Breakouts & Breakdowns: Mercury has an alert system to signal when a price breakout or breakdown occurs across VWAP, EMA1, and EMA2. This can help in spotting strong directional moves. Example Application: In my trading, I use Mercury to identify support/resistance zones, confirming trends with EMA/VWAP alignment and using CPR as a checkpoint. I find this especially useful for day trading and swing setups. Recommended Timeframes: Day Trading: 5 to 15-minute charts for swift, actionable insights. Swing Trading: 1-hour or 4-hour charts for broader trend analysis. Note: The Mercury Indicator should be used as a supportive tool rather than a standalone strategy, guiding you toward informed decisions in line with your trading style and goals. EXAMPLE OF TRADE you can see the cart of XAUUSD on 11th nov 2024 1.SHORT POSITION - TIME FRAME 15 MIN So here for a short position you need to wait for a breakdown candle which will print in orange post the candle you need to check ema dashboard is completly red that indicates no traffic blocks in your journey to destiny target from ema's and you can take the target from nearest cpr support line TAKEN IN XAUUSD you can see in chart of XAUUSD on 7th nov 2.LONG POSITION - TIME FRAME 15 MIN - So here for long position you need to wait for a breakout candle from indicator thats here is blue and check all ema boxes are green and candle body should close above all the 3 lines here it is the both ema 1 and 2 and the vwap line then you can take and entry and your target will be the nearest resistance from the daily cpr 3. STOP LOSS CRITERIA After the entry any candle close below any of the last line from entry for example we have 3 lines vwap and ema 1 and 2 lines and u have made an entry and the last line before the entry is vwap then if any candle closes below vwap can be considered as stoploss like wise in any lines The MERCURY indicator is a comprehensive trading tool designed to enhance traders' ability to identify trends, breakouts, and reversals effectively. Created by Dr. Abhiram Sivprasad, this indicator integrates several technical elements, including Central Pivot Range (CPR), EMA crossovers, VWAP levels, and a table-based EMA dashboard, to offer a holistic trading view. Core Components and Functionality: Central Pivot Range (CPR): The CPR in MERCURY provides a central pivot level along with Below Central (BC) and Top Central (TC) pivots. These levels act as potential support and resistance, useful for identifying reversal points and zones where price may consolidate. Exponential Moving Averages (EMAs): MERCURY includes up to nine EMAs, with a customizable EMA crossover alert system. This feature enables traders to see shifts in trend direction, especially when shorter EMAs cross longer ones. VWAP (Volume-Weighted Average Price): VWAP is incorporated as a dynamic support/resistance level and, combined with EMA crossovers, helps refine entry and exit points for higher probability trades. Breakout and Breakdown Alerts: MERCURY monitors conditions for upside and downside breakouts. For an upside breakout, all EMAs turn green and a candle closes above VWAP, EMA1, and EMA2. Similarly, all EMAs turning red, combined with a close below VWAP and EMA1/EMA2, signals a downside breakdown. Continuous alerts are available until the trend shifts. Real-Time EMA Dashboard: A table displays each EMA’s relative position (Above or Below), helping traders quickly gauge trend direction. Colors in the table adjust to long/short conditions based on EMA alignment. Usage Recommendations: Trend Confirmation: Use the CPR, EMA alignments, and VWAP to confirm uptrends and downtrends. The table highlights trends, making it easy to spot long or short setups at a glance. Breakout and Breakdown Alerts: The alert system is customizable for continuous notifications on critical price levels. When all EMAs align in one direction (green for long, red for short) and the close is above or below VWAP and key EMAs, the indicator confirms a breakout/breakdown. Adaptable for Different Styles: Day Trading: Traders can set shorter EMAs for quick insights. Swing Trading: Longer EMAs combined with CPR offer insights into sustained trends. Recommended Settings: Timeframes: MERCURY is suitable for timeframes as low as 5 minutes for intraday traders, up to daily charts for trend analysis. Symbols: Works across forex, stocks, and crypto. Adjust EMA lengths for asset volatility. Example Strategy: Long Entry: When the price crosses above CPR and closes above both EMA1 and EMA2. Short Entry: When the price falls below CPR with a close below both EMA1 and EMA2.
Penunjuk Pine Script®
oleh DRABHIRAMSS
2