Volatility Wick Trap — Smart Reversal EngineThe Volatility Wick Trap — Smart Reversal Engine is a precision reversal detection tool designed for traders who rely on smart money footprints, volatility compression, and liquidity wick exhaustion to time entries near market turns.
💡 Core Components:
Volatility Squeeze Detection: Identifies candles where range compresses significantly compared to the 14-period average true range, highlighting potential breakout zones.
Liquidity Wick Exhaustion: Detects candles with dominant upper or lower wicks, signaling failed liquidity grabs or stop hunts.
Contextual EMA Filter: Uses a 21-period EMA to filter signals, improving accuracy by aligning with market structure bias.
🔍 How It Works:
Green diamond lines mark bullish hidden reversal zones.
Red diamond lines mark bearish hidden reversal traps.
These lines only appear when volatility compresses and wick traps are confirmed within the trend context.
✅ Clean. Minimal. Tactical.
Ideal for scalpers, swing traders, and smart money enthusiasts looking to fade emotional price spikes.
Analisis Trend
20-Candle ATR in Pips (5m only)This custom indicator displays the Average True Range (ATR) over the last 20 candles on a 5-minute chart, specifically designed for pairs where 1 pip = 0.01.
Key features:
📐 Calculates a simple moving average of the true range over the last 20 five-minute candles.
📋 Outputs the ATR value in a clean table with a green background and white text.
⚠️ Designed exclusively for the 5-minute timeframe – prompts you to switch if you’re on a different one.
📏 Values are shown in pips (e.g., “ATR (20 candles): 9.83 pips”).
This tool is ideal for short-term volatility tracking, scalping strategies, and identifying market conditions where price is expanding or contracting.
SMA 12+48The indicator checks the price entry into the 0.618-0.786 zone to the Fibonacci lines and gives a buy signal at the exit
SMA 12+48The indicator checks the price entry into the 0.618-0.786 zone to the Fibonacci lines and gives a buy signal at the exit
Volume Based Analysis V 1.00
Volume Based Analysis V1.00 – Multi-Scenario Buyer/Seller Power & Volume Pressure Indicator
Description:
1. Overview
The Volume Based Analysis V1.00 indicator is a comprehensive tool for analyzing market dynamics using Buyer Power, Seller Power, and Volume Pressure scenarios. It detects 12 configurable scenarios combining volume-based calculations with price action to highlight potential bullish or bearish conditions.
When used in conjunction with other technical tools such as Ichimoku, Bollinger Bands, and trendline analysis, traders can gain a deeper and more reliable understanding of the market context surrounding each signal.
2. Key Features
12 Configurable Scenarios covering Buyer/Seller Power convergence, divergence, and dominance
Advanced Volume Pressure Analysis detecting when both buy/sell volumes exceed averages
Global Lookback System ensuring consistency across all calculations
Dominance Peak Module for identifying strongest buyer/seller dominance at structural pivots
Real-time Signal Statistics Table showing bullish/bearish counts and volume metrics
Fully customizable inputs (SMA lengths, multipliers, timeframes)
Visual chart markers (S01 to S12) for clear on-chart identification
3. Usage Guide
Enable/Disable Scenarios: Choose which signals to display based on your trading strategy
Fine-tune Parameters: Adjust SMA lengths, multipliers, and lookback periods to fit your market and timeframe
Timeframe Control: Use custom lower timeframes for refined up/down volume calculations
Combine with Other Indicators:
Ichimoku: Confirm volume-based bullish signals with cloud breakouts or trend confirmation
Bollinger Bands: Validate divergence/convergence signals with overbought/oversold zones
Trendlines: Spot high-probability signals at breakout or retest points
Signal Tables & Peaks: Read buy/sell volume dominance at a glance, and activate the Dominance Peak Module to highlight key turning points.
4. Example Scenarios & Suggested Images
Image #1 – S01 Bullish Convergence Above Zero
S01 activated, Buyer Power > 0, both buyer power slope & price slope positive, above-average buy volume. Show S01 ↑ marker below bar.
Image #2 – Combined with Ichimoku
Display a bullish scenario where price breaks above Ichimoku cloud while S01 or S09 bullish signal is active. Highlight both the volume-based marker and Ichimoku cloud breakout.
Image #3 – Combined with Bollinger Bands & Trendlines
Show a bearish S10 signal at the upper Bollinger Band near a descending trendline resistance. Highlight the confluence of the volume pressure signal with the band touch and trendline rejection.
Image #4 – Dominance Peak Module
Pivot low with green ▲ Bull Peak and pivot high with red ▼ Bear Peak, showing strong dominance counts.
Image #5 – Statistics Table in Action
Bottom-left table showing buy/sell volume, averages, and bullish/bearish counts during an active market phase.
5. Feedback & Collaboration
Your feedback and suggestions are welcome — they help improve and refine this system. If you discover interesting use cases or have ideas for new features, please share them in the script’s comments section on TradingView.
6. Disclaimer
This script is for educational purposes only. It is not financial advice. Past performance does not guarantee future results. Always do your own analysis before making trading decisions.
Tip: Use this tool alongside trend confirmation indicators for the most robust signal interpretation.
Smoothed RoC Z-Score IndicatorThis indicator calculates the rate of change (RoC) of price over a user-defined lookback period, then applies a double exponential smoothing (DEMA) and standardizes the result using a Z-Score. The output quantifies how extreme recent price momentum is compared to historical norms.
Key Features:
🔄 RoC Calculation: Measures momentum over the past n bars.
🧮 Z-Score Normalization: Detects statistical extremes and anomalies.
📉 Threshold Signals: Visual markers appear when Z-Score crosses user-defined upper or lower thresholds.
🎨 Elegant Visuals: Uses a clean purple/teal theme for enhanced clarity and style.
🔔 Alerts Included: Get notified when thresholds are crossed.
Use Cases:
Identify potential trend reversals or momentum spikes.
Spot overbought/oversold zones with greater sensitivity than traditional oscillators.
Combine with other indicators or strategies for confirmation.
Customizable Inputs:
RoC Lookback: Controls the momentum period.
Smooth Length: Applies double EMA smoothing.
Z-Score Length: Sets the statistical baseline.
Long/Short Thresholds: Define entry/exit sensitivity.
NAS100 and gold Smart Scalping Strategy PRO [Enhanced v2]It works on both Gold, Platinum and USTEC100. Profit factor between 6-9. Great Profit making with risk management
BTC 5M Scalper: 3EMA Reversal v1.6 Lite by AIOBest Timeframe: 5 minutes!!
Optimal Asset: BTC/USDT (Bitcoin)
Stop Placement: Below the signal candle's low (for long) / Above the signal candle's high (for short)
Risk/Reward: Minimum 1:2 ratio recommended
Description:
This 3EMA Reversal strategy identifies trend continuation signals using:
Fast EMA (20) and Slow EMA (50) crossover
Volume confirmation (above 20-period average)
Engulfing candle pattern
Built-in stop loss and take profit levels
Usage Instructions:
Apply to BTC/USDT 5-minute chart
Enter long when green triangle appears (stop below signal candle)
Enter short when red triangle appears (stop above signal candle)
TP levels are automatically calculated based on your RR setting
Pro Tip: Combine with 1-hour trend analysis for better results. The strategy works best in trending markets with above-average volume.
TOMOs EMA (9, 20, 200) & VWAPThis indicator includes the 9, 20, 200 EMAs and VWAP all in one chart. best to be used on 1m, 5m, 1D timelines.
Inside Bar With Alert - RajThis indicator helps you reduce your screen time by giving you consistent alerts on the formation of inside bar candle and it gives you bullish and bearish alerts on breakout of the mother candle. So if you believe in inside strategy this indicator will be helpful for you.
Adam Mancini ES Game Plan LevelsThis script plots Support & Resistance levels from Adam Mancini's newsletter.
You can copy and paste levels from Adam's Newsletter to Indicator settings.
You can also add custom text after the support level. For e.g 6550 : Your custom text
RatioETH /US02Y)This indicator shows the normalized performance of ETH multiplied by the inverse of the US 2-Year Treasury Yield (1 / US02Y).
It highlights how ETH reacts to falling or rising short-term yields, normalized as % change from the start of the chart.
Ichimoku Cloud Buy & Custom EMA Exit [With Volume and Filters]1BUY STRATEGY USING ICHIMOKU CLOUD, Ichimoku Cloud Buy with good risk reward ratio
RatioXRP / US02Y)Fetches XRP price and 2-year Treasury yield
Calculates composite: XRP price × (1 / US 2Y yield)
Normalizes that composite to % change from first chart bar
Plots that normalized composite line
RatioBTC/ US02Y)Fetches BTC price and US 2-Year yield (FRED:DGS2)
Computes BTC × (1 / US02Y) to reflect macro impact
Normalizes the composite value to show % change from the first visible value
Plots only the normalized result for clarity
Cryptokazancev Strategy PackCryptokazancev Strategy Pack
Комплексный инструмент для анализа рыночной структуры / Comprehensive Market Structure Analysis Tool
🇷🇺 Описание на русском
Cryptokazancev Strategy Pack by ZeeZeeMon - это мощный набор инструментов для технического анализа, включающий:
• Ордерблоки (Order Blocks) с настройкой количества и цветов
• Пивоты (Pivot Points) различных таймфреймов
• Рыночную структуру с зонами Фибоначчи (0.618, 0.786)
• Разворотные конструкции (пинбары и поглощения)
• Зоны интереса на основе скопления свингов
📊 Основные функции:
1. Ордерблоки
- Автоматическое определение бычьих/медвежьих OB
- Настройка максимального количества блоков (до 30)
- Кастомизация цветов
2. Пивоты
- Поддержка таймфреймов: Дневные/Недельные/Месячные/Квартальные/Годовые
- Уровни Camarilla (P, R1-R4, S1-S4)
3. Рыночная структура
- Четкое определение тренда (UP/DOWN)
- Ключевые уровни Фибо (0.618 и 0.786)
- Настройка глубины анализа (10-1000 баров)
4. Разворотные конструкции
- Обнаружение пинбаров
- Обнаружение поглощений
- Настройка чувствительности
5. Зоны интереса
- Алгоритм кластеризации свингов
- Настройка через ATR-мультипликатор
- Лимит отображаемых зон
🇬🇧 English Description
ZeeZeeMon Pack is a comprehensive market analysis toolkit featuring:
• Order Blocks with customizable count and colors
• Pivot Points for multiple timeframes
• Market Structure with Fibonacci zones
• Reversal patterns (pinbars and engulfings)
• Interest Zones based on swing clustering
📊 Key Features:
1. Order Blocks
- Auto-detection of bullish/bearish OB
- Configurable max blocks (up to 30)
- Custom color schemes
2. Pivot Points
- Supports: Daily/Weekly/Monthly/Quarterly/Yearly
- Camarilla levels (P, R1-R4, S1-S4)
3. Market Structure
- Clear trend detection (UP/DOWN)
- Key Fibonacci levels (0.618 & 0.786)
- Adjustable analysis depth (10-1000 bars)
4. Reversal Patterns
- Smart pinbar detection
- ATR-based engulfing filter
- Sensitivity adjustment
5. Interest Zones
- Swing clustering algorithm
- ATR-multiplier configuration
- Display limit (up to 10 zones)
⚙️ Technical Highlights:
• Built with Pine Script v5
• Performance-optimized
• Well-commented code
• Flexible settings system
⚠️ Важно / Important:
Индикатор в бета-версии. Тестируйте перед использованием в реальной торговле.
This is BETA version. Please test before live trading.
💬 Поддержка / Support:
Комментарии к скрипту / Script comments section
Advanced Forex Currency Strength Meter
# Advanced Forex Currency Strength Meter
🚀 The Ultimate Currency Strength Analysis Tool for Forex Traders
This sophisticated indicator measures and compares the relative strength of major currencies (EUR, GBP, USD, JPY, CHF, CAD, AUD, NZD) to help you identify the strongest and weakest currencies in real-time, providing clear trading signals based on currency strength differentials.
## 📊 What This Indicator Does
The Advanced Forex Currency Strength Meter analyzes currency relationships across 28+ major forex pairs and 8 currency indices to determine which currencies are gaining or losing strength. Instead of relying on individual pair analysis, this tool gives you a bird's-eye view of the entire forex market, helping you:
Identify the strongest and weakest currencies at any given time
Find high-probability trading opportunities by pairing strong vs weak currencies
Avoid ranging markets by detecting when currencies have similar strength
Get clear LONG/SHORT/NEUTRAL signals for your current trading pair
Optimize your trading strategy based on your preferred timeframe and holding period
## ⚙️ How The Indicator Works
### Dual Calculation Method
The indicator uses a sophisticated dual approach for maximum accuracy:
Pairs-Based Analysis: Calculates currency strength from 28+ major forex pairs (EURUSD, GBPUSD, USDJPY, etc.)
Index-Based Analysis: Incorporates official currency indices (DXY, EXY, BXY, JXY, CXY, AXY, SXY, ZXY)
Weighted Combination: Blends both methods using smart weighting for enhanced accuracy
### Smart Auto-Optimization System
The indicator automatically adjusts its parameters based on your chart timeframe and intended holding period:
The system recognizes that scalping requires different sensitivity than swing trading, automatically optimizing lookback periods, analysis timeframes, signal thresholds, and index weights.
### Strength Calculation Process
Fetches price data from multiple timeframes using optimized tuple requests
Calculates percentage change over the specified lookback period
Optionally normalizes by ATR (Average True Range) to account for volatility differences
Combines pair-based and index-based calculations using dynamic weighting
Generates relative strength by comparing base currency vs quote currency
Produces clear trading signals when strength differential exceeds threshold
## 🎯 How To Use The Indicator
### Quick Start
Add the indicator to any forex pair chart
Enable 🧠 Smart Auto-Optimization (recommended for beginners)
Watch for LONG 🚀 signals when the relative strength line is green and above threshold
Watch for SHORT 🐻 signals when the relative strength line is red and below threshold
Avoid trading during NEUTRAL ⚪ periods when currencies have similar strength
Note: This is highly recommended to couple this indicator with fundamental analysis and use it as an extra signal.
### 📋 Parameters Reference
#### 🤖 Smart Settings
🧠 Smart Auto-Optimization: (Default: Enabled) Automatically optimizes all parameters based on chart timeframe and trading style
#### ⚙️ Manual Override
These settings are only active when Smart Auto-Optimization is disabled:
Manual Lookback Period: (Default: 14) Number of periods to analyze for strength calculation
Manual ATR Period: (Default: 14) Period for ATR normalization calculation
Manual Analysis Timeframe: (Default: 240) Higher timeframe for strength analysis
Manual Index Weight: (Default: 0.5) Weight given to currency indices vs pairs (0.0 = pairs only, 1.0 = indices only)
Manual Signal Threshold: (Default: 0.5) Minimum strength differential required for trading signals
#### 📊 Display
Show Signal Markers: (Default: Enabled) Display triangle markers when signals change
Show Info Label: (Default: Enabled) Show comprehensive information label with current analysis
#### 🔍 Analysis
Use ATR Normalization: (Default: Enabled) Normalize strength calculations by volatility for fairer comparison
#### 💰 Currency Indices
💰 Use Currency Indices: (Default: Enabled) Include all 8 currency indices in strength calculation for enhanced accuracy
#### 🎨 Colors
Strong Currency Color: (Default: Green) Color for positive/strong signals
Weak Currency Color: (Default: Red) Color for negative/weak signals
Neutral Color: (Default: Gray) Color for neutral conditions
Strong/Weak Backgrounds: Background colors for clear signal visualization
### 🧠 Smart Optimization Profiles
The indicator automatically selects optimal parameters based on your chart timeframe:
#### ⚡ Scalping Profile (1M-5M Charts)
For positions held for a few minutes:
Lookback: 5 periods (fast/sensitive)
Analysis Timeframe: 15 minutes
Index Weight: 20% (favor pairs for speed)
Signal Threshold: 0.3% (sensitive triggers)
#### 📈 Intraday Profile (10M-1H Charts)
For positions held for a few hours:
Lookback: 12 periods (balanced sensitivity)
Analysis Timeframe: 4 hours
Index Weight: 40% (balanced approach)
Signal Threshold: 0.4% (moderate sensitivity)
#### 📊 Swing Profile (4H-Daily Charts)
For positions held for a few days:
Lookback: 21 periods (stable analysis)
Analysis Timeframe: Daily
Index Weight: 60% (favor indices for stability)
Signal Threshold: 0.5% (conservative triggers)
#### 📆 Position Profile (Weekly+ Charts)
For positions held for a few weeks:
Lookback: 30 periods (long-term view)
Analysis Timeframe: Weekly
Index Weight: 70% (heavily favor indices)
Signal Threshold: 0.6% (very conservative)
### Entry Timing
Wait for clear LONG 🚀 or SHORT 🐻 signals
Avoid trading during NEUTRAL ⚪ periods
Look for signal confirmations on multiple timeframes
### Risk Management
Stronger signals (higher relative strength values) suggest higher probability trades
Use appropriate position sizing based on signal strength
Consider the trading style profile when setting stop losses and take profits
💡 Pro Tip: The indicator works best when combined with your existing technical analysis. Use currency strength to identify which pairs to trade, then use your favorite technical indicators to determine when to enter and exit.
## 🔧 Key Features
28+ Forex Pairs Analysis: Comprehensive coverage of major currency relationships
8 Currency Indices Integration: DXY, EXY, BXY, JXY, CXY, AXY, SXY, ZXY for enhanced accuracy
Smart Auto-Optimization: Automatically adapts to your trading style and timeframe
ATR Normalization: Fair comparison across different currency pairs and volatility levels
Real-Time Signals: Clear LONG/SHORT/NEUTRAL signals with visual markers
Performance Optimized: Efficient tuple-based data requests minimize external calls
User-Friendly Interface: Simplified settings with comprehensive tooltips
Multi-Timeframe Support: Works on any timeframe from 1-minute to monthly charts
Transform your forex trading with the power of currency strength analysis! 🚀
Titan Wick Zone IndicatorThe Titan Wick Zone Indicator visually highlights the upper and lower wick regions of each candlestick on your chart, helping traders instantly identify areas where price was aggressively rejected (top wick) or absorbed (bottom wick). The indicator fills the area above the candle body to the wick high in red (sell zone), and the area below the candle body to the wick low in green (buy zone), both with adjustable opacity for clear visibility.
How to Use:
Spot Rejection and Absorption:
The red-filled upper wick zone marks where upward price moves were sharply rejected by sellers, often indicating supply, resistance, or “stop hunt” zones.
The green-filled lower wick zone marks where downward price moves were absorbed by buyers, pointing to potential demand, support, or accumulation zones.
Enhance Price Action Analysis:
Use these zones to avoid entering trades at price extremes, spot potential reversals, and find areas of confluence with support/resistance, Fibonacci levels, or order blocks.
Risk Management:
The indicator helps visualize where liquidity hunts or false breakouts may occur, so you can better place stop losses outside of volatile wick zones.
Ideal For:
Price action traders, scalpers, and swing traders seeking a visual edge in spotting supply/demand dynamics, liquidity zones, and wick-driven traps.
MACD Indicator [CongTrader]📄 Full Description for Publishing — Advanced MACD Indicator
🔍 Advanced MACD Indicator with Alerts & Visual Zones
This advanced MACD indicator is designed for traders who want enhanced visual clarity, precision, and alert-based trading using the classic MACD formula. It features:
Customizable MACD, Signal, and Histogram lengths
Clean plotting with bullish/bearish crossover highlights
Colored histogram bars based on momentum direction
Alert conditions when MACD crosses above or below Signal
Optional zero-line display and background highlights
🛠️ How to Use:
Use default settings (12, 26, 9) or customize for faster/slower signals
Green histogram = bullish momentum, Red = bearish
Background turns green when MACD crosses above signal (buy cue)
Background turns red when MACD crosses below signal (sell cue)
Histogram bars increase or decrease as momentum strengthens or fades
This tool helps identify:
Momentum shifts
Trend continuation or reversal zones
Entry/exit timing with alerts
Works on:
Any timeframe
All markets (Crypto, Forex, Stocks, Futures)
🔔 Alerts Included:
📈 MACD Bullish Crossover → Triggered when MACD crosses above the Signal line
📉 MACD Bearish Crossover → Triggered when MACD crosses below the Signal line
You can enable these alerts via the TradingView alert system for real-time notifications.
🔎 SEO Keywords (for discovery):
MACD, MACD Histogram, MACD Alert, MACD Signal, MACD Indicator, Momentum Indicator, Advanced MACD, MACD Trading, MACD Visual, MACD Tool, MACD Buy Sell, CongTrader
🙏 Thank You
If you enjoy using this indicator, feel free to leave a thumbs up 👍, comment your thoughts, or follow me for more free trading tools. Your support keeps the community growing!
⚠️ Disclaimer
This script is for educational purposes only and does not constitute financial advice. All trading involves risk. Use this indicator with your own analysis and discretion.
✍️ Created by CongTrader — sharing quality tools for the global trading community..
RSI OB/OS Alert Indicator[CongTrader]📌 RSI OB/OS Alert Indicator by CongTrader
This is a simple yet powerful Relative Strength Index (RSI) indicator designed to help traders identify potential overbought and oversold market conditions using dynamic alerts and clean visual highlights.
🛠️ How to Use
RSI Length: Adjustable (default = 14).
Overbought Level (default = 75): When RSI crosses above this, price may be overextended.
Oversold Level (default = 25): When RSI drops below this, price may be undervalued.
Background will turn green for oversold zones and red for overbought zones.
Use alerts to get notified when RSI enters these critical zones — no need to watch the chart 24/7.
This tool is suitable for:
Scalping
Swing Trading
Range-bound Markets
Momentum Reversals
Works on any timeframe and any asset (Forex, Crypto, Stocks, Indices, Futures).
🔔 Alerts Included
“RSI Overbought” → Triggered when RSI crosses above the overbought level.
“RSI Oversold” → Triggered when RSI crosses below the oversold level.
Setup your alert by right-clicking on the chart or using the TradingView alert panel.
💬 Keywords (for search visibility)
RSI, RSI Alert, RSI Overbought, RSI Oversold, Momentum Indicator, Reversal Signal, RSI Trading, Crypto RSI, Scalping RSI, RSI Tool, RSI Visual, RSI Zones, Technical Indicator, CongTrader
🙏 Thank You
If you find this indicator useful, feel free to give it a thumbs up 👍 or comment below. Your support helps independent script developers like me continue to share free and open-source tools with the community!
⚠️ Disclaimer
This script is for educational purposes only and does not constitute financial advice. Always perform your own research before making trading decisions. Use this tool at your own risk.
✍️ Developed by CongTrader | Follow for more free indicators & tools.
EMA9, EMA200 with Bollinger BandsThe indicator includes the EMA9 line, the EMA200 line and the Bollinger Bands into a single indicator plot.
Trend Strength Index [Alpha Extract]The Trend Strength Index leverages Volume Weighted Moving Average (VWMA) and Average True Range (ATR) to quantify trend intensity in cryptocurrency markets, particularly Bitcoin. The combination of VWMA and ATR is particularly powerful because VWMA provides a more accurate representation of the market's true average price by weighting periods of higher trading volume more heavily—capturing genuine momentum driven by increased participation rather than treating all price action equally, which is crucial in volatile assets like Bitcoin where volume spikes often signal institutional interest or market shifts.
Meanwhile, ATR normalizes this measurement for volatility, ensuring that trend strength readings remain comparable across different market conditions; without ATR's adjustment, raw price deviations from the mean could appear artificially inflated during high-volatility periods (like during news events or liquidations) or understated in low-volatility sideways markets, leading to misleading signals. Together, they create a volatility-adjusted, volume-sensitive metric that reliably distinguishes between meaningful trend developments and noise.
This indicator measures the normalized distance between price and its volume-weighted mean, providing a clear visualization of trend strength while accounting for market volatility. It helps traders identify periods of strong directional movement versus consolidation, with color-coded gradients for intuitive interpretation.
🔶 CALCULATION
The indicator processes price data through these analytical stages:
Volume Weighted Moving Average: Computes a smoothed average weighted by trading volume
Volatility Normalization: Uses ATR to account for market volatility
Distance Measurement: Calculates absolute deviation between current price and VWMA
Strength Normalization: Divides price deviation by ATR for a volatility-adjusted metric
Formula:
VWMA = Volume-Weighted Moving Average of Close over specified length
ATR = Average True Range over specified length
Price Distance = |Close - VWMA|
Trend Strength = Price Distance / ATR
🔶 DETAILS Visual Features:
VWMA Line: Blue line overlay on the price chart representing the volume-weighted mean
Trend Strength Area: Histogram-style area plot with dynamic color gradient (red for weak trends, transitioning through orange and yellow to green for strong trends)
Threshold Line: Horizontal red line at the customizable Trend Enter level
Background Highlight: Subtle green background when trend strength exceeds the enter threshold for strong trend visualization
Alert System: Triggers notifications for strong trend detection
Interpretation:
0-Weak (Red): Minimal trend strength, potential consolidation or ranging market
Mid-Range (Orange/Yellow): Building momentum, watch for breakout potential
At/Above Enter Threshold (Green): Strong trend conditions, potential for continued directional moves
Threshold Crossing: Trend strength crossing above the enter level signals increasing conviction in the current direction
Color Transitions: Gradual shifts from warm (red/orange) to cool (green) tones indicate strengthening trends
🔶 EXAMPLES
Strong Trend Entry: When trend strength crosses above the enter threshold (e.g., 1.2), it identifies the onset of a powerful move where price deviates significantly from the mean.
Example: During a rally, trend strength rising from yellow (around 1.0) to green (1.2+) often precedes sustained upward momentum, providing entry opportunities for trend followers.
Consolidation Detection: Low trend strength values in red shades (below 0.5) highlight periods of low volatility and mean reversion potential.
Example: After a sharp sell-off, persistent red values signal a likely sideways phase, allowing traders to avoid whipsaws and wait for orange/yellow transitions as a precursor to recovery.
Volatility-Adjusted Pullbacks: In volatile markets, the ATR component ensures trend strength remains accurate; a dip back to yellow from green during minor corrections can indicate healthy pullbacks within a strong trend.
Example: Trend strength briefly falling to yellow levels (e.g., 0.8-1.1) after hitting green provides profit-taking signals without invalidating the overall bullish bias if the VWMA holds as support.
Threshold Alert Integration: The alert condition combines strength value with the enter threshold for timely notifications.
Example: Receiving a "Strong Trend Detected" alert when the area plot turns green helps confirm Bitcoin's breakout from consolidation, aligning with increased volume for higher-probability trades.
🔶 SETTINGS
Customization Options:
Lengths: VWMA length (default 14), ATR length (default 14)
Thresholds: Trend enter (default 1.2, step 0.1), trend exit (default 1.15, for potential future signal enhancements)
Visuals: Automatic color scaling with red at 0, transitioning to green at/above enter threshold
Alert Conditions: Strong trend detection (when strength > enter)
The Trend Strength Index equips traders with a robust, easy-to-interpret tool for gauging trend intensity in volatile markets like Bitcoin. By normalizing price deviations against volatility, it delivers reliable signals for identifying high-momentum opportunities while the gradient coloring and alerts facilitate quick assessments in both trending and choppy conditions.
