OVL_Kikoocycle Beta_Pine3This script use :
- A custom Chande Kroll Stop for generate the channel
- Some custom Parabolic S.A.R for generate cycles
This script can be separated into 3 categories:
- Channel Kroll generator : one layer for the actual interval and a layer for a Large Timeframe .(with ratio)
- "Range" generator : one layer for actual Interval and a layer for a Large Timeframe.(with automique ratio)
-Targets generator : one layer for actual interval with different trend.
"Channel Kroll" :
- I "hijack" the Chande Kroll Stop formula with custom parameters for generate this channel. Overall, it works like other types of channels like BB, etc... A midline and two borders. The thickness of the borders are relatively important here. A thick border shows some resistance of the area. And so the probability of seeing the market return to its first contact is stronger. While a very thin and vertical border would rather play the role of a breach, a bit like the idea of gaps. Often the market seems to want to go after several cycles.
You can activate its Large TimeFrame version, its midline is strong and fine borders helps to judge the risk.
SARget + "SAR Limited" :
- (S.A.R + targets) The philosophy of this function is simple... When a small cycle is broken, it creates a mark on a higher cycle. So on until the SAR called "SAR Limited". For simplicity, imagine a fractal image but inverted ... Break the small figure, it will mark the larger figure at this time but to get there you still have to make the way to the small figure.
Targets are : cross ("+") for fast targets(hidden by default because, theire work only on lower interval), squares (for medium trend), Xcross(for large trend) and red cross(they try to find a large contexte). When a target proc, it is for later (market need some cycles for going to, but it is relative to your interval). This gives you speculative goals.
Why 2 targets for a same type and a triangle with a 90deg angle : This give a potential area for management.The triangle help to visualize the SAR and to juge the market reaction. You need to adapte your trade with that...
Targets may be slightly too far because I am a bad coder... Currently the targets appear at the moment of rupture but it would be necessary to wait for the end of the breaking movement. Which can bring a positional error if the break is violent.
RnG and LTF RnG :
- Attempt to generate a Fibo range for each cycle and see interressing areas to enter or exit. This is played with the same philosophy as the Fibo extensions and retracement.
When a new RnG is generated, do not rush. It appears showing 50/50 for both sides. When a new RnG is generated, do not rush. It appears showing 50/50 for both sides. As long as the market is out of the middle zone (the 3 lines) keep in mind the past RnG.
When the market is out of range, you can use the FibRetracement tool for have extensions. One point at each end, as on the presentation graph. (Values 1.14, 1.272, 1.414, 1.618, 1.786, 2, 2.4 and 4 work well.) If too extrem you can active the LTF version.
Never fomo a break, market like to pull a level... Observe and be patient.
It's easier to use than to explain xD
NB : Do not use the LTF as context. For this, it is better to look at a higher interval.
I invite you to look in the style tab of the script and deselect the plots named UNCHECKEME, this will ease your browser.
Поиск скриптов по запросу "黄金近50年的走势"
Amazing Crossover System - 100+ pips per day!I got the main concept for this system on another site. While I have made one important change, I must stress that the heart of this system was created by someone else! We must give credit where credit is due!
Y'all know baby pips. @ForexPhantom published about this system and did both back and forward test around 10 years ago.
I found it on the sit and now I put it to code to see how it performs. I assume 10 points spread for every trade. I use Renesource or AxiTrader to get the low spreads.
There are 2 mods, the single trades and constant trading on the direction.
Main concept
Indicators
5 EMA -- YELLOW
10 EMA -- RED
RSI (10 - Apply to Median Price: HL/2) -- One level at 50.
TIME FRAME
1 Hour Only (very important!)
PAIRS
Virtually any pair seems to work as this is strictly technical analysis.
I recommend sticking to the main currencies and avoiding cross currencies (just his preference).
WHEN TO ENTER A TRADE
Enter LONG when the Yellow EMA crosses the Red EMA from underneath.
RSI must be approaching 50 from the BOTTOM and cross 50 to warrant entry.
Enter SHORT when the Yellow EMA crosses the Red EMA from the top.
RSI must be approaching 50 from the TOP and cross 50 to warrant entry.
I've attached a picture which demonstrates all these conditions.
That's it!
f.bpcdn.co
MFIww MFI/RSI_v2[wozdux]A new version of the indicator Mfi_v2. Added new control parameters.
tt - the averaging period of the volume.
Len - the period for calculating the MPI.
nn-averaging period MFI (blue line). level-critical levels from below and above (black horizontal lines).
Level 0 or 50 - switch between different histogram views with the middle at either level 50 or level 0.
key level-key to remove black critical levels.
key ema (MFI, nn) - key to remove mfi averaging (blue line).
key color-key to remove histogram coloring.
key colomns a-line - key switching modes represent the mfi histrogram or line.
---------------------------
Новая версия индикатора MFIww_v2. Добавлены новые управляющие параметры.
tt- период усреднения объема.
Len - период вычисления MFI.
nn- период усреднения MFI (голубая линия).
level- критические уровни снизу и сверху (черные горизонтальные линии).
Level 0 or 50 - переключение между разными представлениями гистрограммы с серединой либо на уровне 50 , либо на уровне 0.
key level- ключ убрать черные критические уровни.
key ema(mfi,nn) - ключ убрать усреднение mfi (голубая линия).
key color- ключ убрать расцветку гистрограммы.
key colomns-line - ключ переключения режимов представления mfi гистрограммой или линией.
GoTiT|Simple Auto Fib v1.0Simple Auto Fib!
Notes:
1. Always set the trend manually! Don't rely on the auto trend detection.
2. The first parameter Length sets the number of candles back (left) to search for highs and lows from the current candle.
3. The High Offset parameter sets the number of candles back (left) to ignore/skip before searching for highs.
4. The Low Offset parameter sets the number of candles back (left) to ignore/skip before searching for lows.
5. The offset parameters change the behavior of the Length parameter.
Example 1:
Length = 100
High Offset = 0
Low Offset = 0
This is the default behavior, and the search for highs and lows occurs on the last 100 candles.
Example 2:
Length = 50
High Offset = 20 (Ignore the last 20 candles, and search for highs starting at candle 21 to 71 (or 50 candles back)
Low Offset = 15 (Ignore the last 15 candles, and search for lows starting at candle 16 to 66 (or 50 candles back)
In example 2, search starts on candle 21 for highs, and candle 16 for lows and extends 50 candles further back from there.
6. The Trend Detection parameter sets the number of candles back (left) to use in the trend calculations. Larger values give better "marco trend" detection. Smaller values give better "micro trend" detection. See note #1.
7. The white fib line is fib0. Assuming you correctly set the trend manually (or the trend is auto detected correctly), in a downtrend fib0 should be bellow the red fib line, and in an uptrend fib0 should be above the red fib line.
MACD + Stochastic + RSI (Long + Short)My strategy uses a combination of three indicators MACD Stochastic RSI .
The Idea is to GO LONG when ( MACD > Signal and RSI > 50 and Stochastic > 50) occures at the same time
and GO SHORT when ( MACD < Signal and RSI < 50 and Stochastic < 50)
This strategy works well on futures and stocks especially during market breaking up after consolidation
The best results are on Daily charts , so its NOT a scalping strategy. But it can work also on 1H charts.
The strategy does not have any stops and profit targets, so we can take all the market can give us at the moment.
The exit point only when MACD goes under/over Signal line
Its Preformance is quite stable.
So, use it, trade it.
If it will help you to imprive your trading results, please donate me
BTC: 12kd1F8buWisUBdq27BBwRkUvzW7Ey3og5
Trend Lines and MoreMulti-Indicator consisting of several useful indicators in a single package.
TREND LINES
-By default the 20 SMA and 50 SMA are shown.
-Use "MOVING AVERAGE TYPE" to select SMA, EMA, Double-EMA, Triple-EMA, or Hull.
-Use "50 MA TREND COLOR" to have the 50 turn green/red for uptrend/downtrend.
-Use "DAILY SOURCE ONLY" to always show daily averages regardless of timeframe.
-Use "SHOW LONG MA" to also include 100, 150, and 200 moving averages.
-Use "SHOW MARKERS" to show a small colored marker identifying which line is which.
OTHER INDICATORS
-You can show Bollinger Bands and Parabolic SAR.
-You can highlight key reversal times (9:50-10:10 and 14:40-15:00).
-You can show price offset markers, where was the price "n" periods ago.
That last one is useful to show the level of prices which are about to "fall off" the moving average
and be replaced with current price. So for example, if current price is significantly below the
200-days-ago price, you can gauge the difficulty for the 200 MA to start climbing again.
Multi SMA EMA WMA HMA BB (4x3 MAs Bollinger Bands) Pro MTF - RRBMulti SMA EMA WMA HMA 4x3 Moving Averages with Bollinger Bands Pro MTF by RagingRocketBull 2018
Version 1.0
This indicator shows multiple MAs of any type SMA EMA WMA HMA etc with BB and MTF support, can show MAs as dynamically moving levels.
There are 4 MA groups + 1 BB group. You can assign any type/timeframe combo to a group, for example:
- EMAs 50,100,200 x H1, H4, D1, W1 (4 TFs x 3 MAs x 1 type)
- EMAs 8,13,21,55,100,200 x M15, H1 (2 TFs x 6 MAs x 1 type)
- D1 EMAs and SMAs 12,26,50,100,200,400 (1 TF x 6 MAs x 2 types)
- H1 WMAs 7,77,231; H4 HMAs 50,100,200; D1 EMAs 144,169,233; W1 SMAs 50,100,200 (4 TFs x 3 MAs x 4 types)
- +1 extra MA type/timeframe for BB
compile time: 25-30 sec
full redraw time after parameter change in UI: 3 sec
There are several versions: Simple, MTF, Pro MTF, Advanced MTF and Ultimate MTF. This is the Pro MTF version. The Differences are listed below. All versions have BB
- Simple: you have 2 groups of MAs that can be assigned any type (5+5)
- MTF: +2 custom Timeframes for each group (2x5 MTF)
- Pro MTF: +4 custom Timeframes for each group (4x3 MTF), MA levels and show max bars back options
- Advanced MTF: +2 extra MAs/group (4x5 MTF), custom Ticker/Symbol, backreferences for type, TF and MA lengths in UI
- Ultimate MTF: +individual settings for each MA, custom Ticker/Symbols
Features:
- 4x3 = 12 MAs of any type including Hull Moving Average (HMA)
- 4x MTF groups with step line smoothing
- BB +1 extra TF/type for BB MAs
- 12 MA levels with adjustable group offsets, indents and shift
- show max bars back
- you can show/hide both groups of MAs/levels and individual MAs
Notes:
1. based on 3EmaBB, uses plot*, barssince and security functions
2. you can't set certain constants from input due to Pinescript limitations - change the code as needed, recompile and use as a private version
3. Levels = trackprice implementation
4. Show Max Bars Back = show_last implementation
5. uses timeframe textbox instead of input resolution to allow for 120 240 and other custom TFs. Also supports TFs in hours: 2H or H2
6. swma has a fixed length = 4, alma and linreg have additional offset and smoothing params
7. Smoothing is applied by default for visual aesthetics on MTF. To use exact ma mtf values (lines with stair stepping) - disable it
MTF Notes:
- uses simple timeframe textbox instead of input resolution dropdown to allow for 120, 240 and other custom TFs, also supports timeframes in H: 2H, H2
- Groups that are not assigned a Custom TF will use Current Timeframe (0).
- MTF will work for any MA type assigned to the group
- MTF works both ways: you can display a higher TF MA/BB on a lower TF or a lower TF MA/BB on a higher TF.
- MTF MA values are normally aligned at the boundary of their native timeframe. This produces stair stepping when a higher TF MA is viewed on a lower TF.
Therefore X Y Point Density/Smoothing is applied by default on MA MTF for visual aesthetics. Set both to 0 to disable and see exact ma mtf values (lines with stair stepping and original mtf alignment).
- Smoothing is disabled for BB MTF bands because fill doesn't work with smoothed MAs after duplicate values are replaced with na.
- MTF MA Value fluctuation is possible on the current bar due to default security lookahead
Smoothing:
- X,Y == 0 - X,Y smoothing disabled (stair stepping on high TFs)
- X == 0, Y > 0 - X,Y smoothing applied to all TFs
- Y == 0, X > 0 - X smoothing applied to all TFs < deltaX_max_tf, Y smoothing disabled
- X > 0, Y > 0 - Y smoothing applied to all TFs, then X smoothing applied to all TFs < deltaX_max_tf
X Smoothing with Y == 0 - shows only every deltaX-th point starting from the first bar.
X Smoothing with Y > 0 - shows only every deltaX-th point starting from the last shown Y point, essentially filling huge gaps remaining after Y Smoothing with points and preserving the curve's general shape
X Smoothing on high TFs with already scarce points produces weird curve shapes, it works best only on high density lower TFs
Y Smoothing reduces points on all TFs, removes adjacent points with prices within deltaY, while preserving the smaller curve details.
A combination of X,Y produces the most accurate smoothing. Higher delta value - larger range, more points removed.
Show Max Bars Back:
- can't set plot show_last from input -> implemented using a timenow based range check
- you can't delete/modify history once plotted, so essentially it just sets a start point for plotting (from num_bars bars back) that works only in realtime mode (not in replay)
Levels:
You can plot current MA value using plot trackprice=true or by checking Show Price Line in Style. Problem is:
- you can only change color (not the dashed line style, width), have both ma + price line (not just the line), and it's full screen wide
- you can't set plot trackprice from input => implemented using plotshape/plotchar with fixed text labels serving as levels
- there's no other way of creating a dynamic level: hline, plot, offset - nothing else works.
- you can't plot a text var - all text strings must be constants, so you can't change the style, width and text labels without recompiling.
- from input you can only adjust offset, indent and shift for each level group, and change color
- the dot below each level line is the exact MA value. If you want just the line swap plotshape with plotchar, recompile and save as your private version, adjust Y shift.
To speed up redraw times: reduce last_bars to ~2000, recompile and use as your own private version
Pinescript is a rudimentary language (should be called Painscript instead) that can basically only plot data. You can't do much else. Please see the code for tips and hints.
Certain things just can't be done or require shady workarounds and weeks of testing trying to resolve weird node.js compiler errors.
Feel free to learn from/reuse/change the code as needed and use as your own private version. See comments in code. Good Luck!
Simple_longshort_signalsLong Entry
Criteria:
1) Green candle close above 50MA
2) Green candle close above 20MA
3) MA of RSI(14) is cross upward 50
Result: displays green up arrow
Long Exit
Criteria:
1) Three red candles in a row
2) Any candle close bellow 20MA
3) MA of RSI(14) cross downward 50
Result: displays green diamond
Short Entry
1) Red candle close bellow 50MA
2) Red candle close bellow 20MA
3) MA of RSI(14) is cross downward 50
Result: displays red down arrow
Short Exit
Criteria
1) Three green candles in a row
2) Any candle close above 20MA
3) MA of RSI(14) is cross upward 50
Result: displays red diamond
Noro's Double RSI Strategy 1.0Strategy uses only 2 RSI indicators. Slow and fast.
If slow RSI > 50 and fast RSI < 50 - to open a long-position
If slow RSI < 50 and fast RSI > 50 - to open a short-position
If the long-position is open and a candle green - to close a long-position
if the short-position is open and a candle red - to close a short-position
GoldenCross by PuffyThis is a simple trading strategy that seeks the Golden Cross and Death Cross on the 4HR chart. The fast moving indicator in this strategy is the EMA 50 and the slow moving indicator is the EMA 200. When the EMA 50 crosses over the EMA 200 the strategy indicates a buy. When the EMA 50 crosses below the EMA 200 the strategy indicates a sell. This strategy averages trades in the 40 - 50 day range and as such should not be used with heavy leverage.
Exponential Moving Average (Set of 3) [Krypt] + 13/34 EMAsI took Krypt's script and essentially added on to it.
the 20/50/100/200 EMAs should be used together as support and resistance as normal.
Wait for price to break 200 EMA
Wait for 50 EMA to cross 200 EMA
Wait for pullback to 50 EMA to open position
20 and 100 EMAs are for extra information about moving support and resistance
and 13/34 EMAs should be used in conjunction
When 13 EMA crosses 34 EMA, open position
When price gets far from 13/34, close position (because price will attempt to revert back to mean)
This is better for scalping and swing trades than the 20/50/100/200 setup.
Twitter: @AzorAhai06
MTF EMAExponential Moving Average indicator that can be configured to display different timeframe EMA's.
Timeframe is set in minutes. Max timeframe currently is the daily (1440 minutes). Any value higher than 1440 will result in no plot.
Examples:
Daily 50 EMA plotted on 4H chart
4H 50 EMA and Daily 50 EMA plotted on 1H chart
Can also work in reverse if needed.
Example, Daily 50 EMA plotted on Weekly Chart
Price vs VolImproved version of OBV/price (this one actually works)
Both lines show where price is going relative to volume metrics (one line uses OBV, the other uses accumulation/distribution).
Green and above 50 means price is rising faster then buying volume
Red and below 50 means price is falling faster then selling volume
you can add smoothing in the controls and color will go according to raw (even if smoothing goes above/below 50)
under the hood: changes price, OBV and AD to RSI for comparability, calculates the difference between price and the others, then an RSI on the result to create an <50< style indicator.
this script replaces the previouse from:
MESA Adaptive Ehlers Flow | AlphaNattMESA Adaptive Ehlers Flow | AlphaNatt
An advanced adaptive indicator based on John Ehlers' MESA (Maximum Entropy Spectrum Analysis) algorithm that automatically adjusts to market cycles in real-time, providing superior trend identification with minimal lag across all market conditions.
🎯 What Makes This Indicator Revolutionary?
Unlike traditional moving averages with fixed parameters, this indicator uses Hilbert Transform mathematics to detect the dominant market cycle and adapts its responsiveness accordingly:
Automatically detects market cycles using advanced signal processing
MAMA (MESA Adaptive Moving Average) adapts from fast to slow based on cycle phase
FAMA (Following Adaptive Moving Average) provides confirmation signals
Dynamic volatility bands that expand and contract with cycle detection
Zero manual optimization required - the indicator tunes itself
📊 Core Components
1. MESA Adaptive Moving Average (MAMA)
The MAMA is the crown jewel of adaptive indicators. It uses the Hilbert Transform to measure the market's dominant cycle and adjusts its smoothing factor in real-time:
During trending phases: Responds quickly to capture moves
During choppy phases: Smooths heavily to filter noise
Transition is automatic and seamless based on price action
Parameters:
Fast Limit: Maximum responsiveness (default: 0.5) - how fast the indicator can adapt
Slow Limit: Minimum responsiveness (default: 0.05) - maximum smoothing during consolidation
2. Following Adaptive Moving Average (FAMA)
The FAMA is a slower version of MAMA that follows the primary signal. The relationship between MAMA and FAMA provides powerful trend confirmation:
MAMA > FAMA: Bullish trend in progress
MAMA < FAMA: Bearish trend in progress
Crossovers signal potential trend changes
3. Hilbert Transform Cycle Detection
The indicator employs sophisticated DSP (Digital Signal Processing) techniques:
Detects the dominant cycle period (1.5 to 50 bars)
Measures phase relationships in the price data
Calculates adaptive alpha values based on cycle dynamics
Continuously updates as market character changes
⚡ Key Features
Adaptive Alpha Calculation
The indicator's "intelligence" comes from its adaptive alpha:
Alpha dynamically adjusts between Fast Limit and Slow Limit based on the rate of phase change in the market cycle. Rapid phase changes trigger faster adaptation, while stable cycles maintain smoother response.
Dynamic Volatility Bands
Unlike static bands, these adapt to both ATR volatility AND the current cycle state:
Bands widen when the indicator detects fast adaptation (trending)
Bands narrow during slow adaptation (consolidation)
Band Multiplier controls overall width (default: 1.5)
Provides context-aware support and resistance
Intelligent Color Coding
Cyan: Bullish regime (MAMA > FAMA and price > MAMA)
Magenta: Bearish regime (MAMA < FAMA and price < MAMA)
Gray: Neutral/transitional state
📈 Trading Strategies
Trend Following Strategy
The MESA indicator excels at identifying and riding strong trends while automatically reducing sensitivity during choppy periods.
Entry Signals:
Long: MAMA crosses above FAMA with price closing above MAMA
Short: MAMA crosses below FAMA with price closing below MAMA
Exit/Management:
Exit longs when MAMA crosses below FAMA
Exit shorts when MAMA crosses above FAMA
Use dynamic bands as trailing stop references
Mean Reversion Strategy
When price extends beyond the dynamic bands during established trends, look for bounces back toward the MAMA line.
Setup Conditions:
Strong trend confirmed by MAMA/FAMA alignment
Price touches or exceeds outer band
Enter on first sign of reversal toward MAMA
Target: Return to MAMA line or opposite band
Cycle-Based Swing Trading
The indicator's cycle detection makes it ideal for swing trading:
Enter on MAMA/FAMA crossovers
Hold through the detected cycle period
Exit on counter-crossover or band extremes
Works exceptionally well on 4H to Daily timeframes
🔬 Technical Background
The Hilbert Transform
The Hilbert Transform is a mathematical operation used in signal processing to extract instantaneous phase and frequency information from a signal. In trading applications:
Separates trend from cycle components
Identifies the dominant market cycle without curve-fitting
Provides leading indicators of trend changes
MESA Algorithm Components
Smoothing: 4-bar weighted moving average for noise reduction
Detrending: Removes linear price trend to isolate cycles
InPhase & Quadrature: Orthogonal components for phase measurement
Homodyne Discriminator: Calculates instantaneous period
Adaptive Alpha: Converts period to smoothing factor
MAMA/FAMA: Final adaptive moving averages
⚙️ Optimization Guide
Fast Limit (0.1 - 0.9)
Higher values (0.5-0.9): More responsive, better for volatile markets and lower timeframes
Lower values (0.1-0.3): Smoother response, better for stable markets and higher timeframes
Default 0.5: Balanced for most applications
Slow Limit (0.01 - 0.1)
Higher values (0.05-0.1): Less smoothing during consolidation, more signals
Lower values (0.01-0.03): Heavy smoothing during chop, fewer but cleaner signals
Default 0.05: Good noise filtering while maintaining responsiveness
Band Multiplier (0.5 - 3.0)
Adjust based on instrument volatility
Backtest to find optimal value for your specific market
1.5 works well for most forex and equity indices
Consider higher values (2.0-2.5) for cryptocurrencies
🎨 Visual Interpretation
The gradient visualization shows probability zones around the MESA line:
MESA line: The adaptive trend center
Band expansion: Indicates strong cycle detection and trending
Band contraction: Indicates consolidation or ranging market
Color intensity: Shows confidence in trend direction
💡 Best Practices
Let it adapt: Give the indicator 50+ bars to properly calibrate to the market
Combine timeframes: Use higher timeframe MESA for trend bias, lower for entries
Respect the bands: Price rarely stays outside bands for extended periods
Watch for compression: Narrow bands often precede explosive moves
Volume confirmation: Combine with volume for higher probability setups
📊 Optimal Timeframes
15m - 1H: Day trading with Fast Limit 0.6-0.8
4H - Daily: Swing trading with Fast Limit 0.4-0.6 (recommended)
Weekly: Position trading with Fast Limit 0.2-0.4
⚠️ Important Considerations
The indicator needs time to "learn" the market - avoid trading the first 50 bars after applying
Extreme gap events can temporarily disrupt cycle calculations
Works best in markets with detectable cyclical behavior
Less effective during news events or extreme volatility spikes
Consider the detected cycle period for position holding times
🔍 What Makes MESA Superior?
Compared to traditional indicators:
vs. Fixed MAs: Automatically adjusts to market conditions instead of using one-size-fits-all parameters
vs. Other Adaptive MAs: Uses true DSP mathematics rather than simple volatility adjustments
vs. Manual Optimization: Continuously re-optimizes itself in real-time
vs. Lagging Indicators: Hilbert Transform provides earlier trend change detection
🎓 Understanding Adaptation
The magic of MESA is that it solves the eternal dilemma of technical analysis: be fast and get whipsawed in chop, or be smooth and miss the early move. MESA does both by detecting when to be fast and when to be smooth.
Adaptation in Action:
Strong trend starts → MESA quickly detects phase change → Fast Limit kicks in → Early entry
Trend continues → Phase stabilizes → MESA maintains moderate speed → Smooth ride
Consolidation begins → Phase changes slow → Slow Limit engages → Whipsaw avoidance
🚀 Advanced Applications
Multi-timeframe confluence: Use MESA on 3 timeframes for high-probability setups
Divergence detection: Watch for MAMA/price divergences at band extremes
Cycle period analysis: The internal period calculation can guide position duration
Band squeeze trading: Narrow bands + MAMA/FAMA cross = high-probability breakout
Created by AlphaNatt - Based on John Ehlers' MESA research. For educational purposes. Always practice proper risk management. Not financial advice. Always DYOR.
Breakout Signal - Smart Money Enhanced //@version=6
indicator("Breakout Signal - Smart Money Enhanced", overlay=true)
// === Input Settings ===
fibLength = input.int(50, minval=10, title="Fibonacci Lookback")
showRSI = input.bool(true, title="Enable RSI Confirmation")
showMACD = input.bool(true, title="Enable MACD Confirmation")
showVolumeShelf = input.bool(true, title="Enable Volume Shelf Modeling")
binSize = input.float(0.5, title="Volume Shelf Bin Size ($)")
volLookback = input.int(100, title="Volume Shelf Lookback")
showSignalStrength = input.bool(true, title="Show Signal Strength")
showATRStops = input.bool(true, title="Enable ATR-Based Stops")
atrLength = input.int(14, title="ATR Length")
atrMult = input.float(1.5, title="ATR Multiplier for Stops")
// === Smart Money Filters ===
volMultiplier = input.float(1.5, title="Volume Surge Threshold (x Avg)")
consolidationBars = input.int(20, title="ATR Contraction Lookback")
consolidationThresh = input.float(0.8, title="ATR Contraction % Threshold")
adxLength = input.int(14, title="ADX Length")
adxThreshold = input.int(20, title="ADX Minimum Value")
requireRetest = input.bool(false, title="Require Retest Before Signal")
liquidityWickRatio = input.float(2.0, title="Wick-to-Body Ratio for Liquidity Grab")
// === Fibonacci Levels ===
highLevel = ta.highest(high, fibLength)
lowLevel = ta.lowest(low, fibLength)
fibRange = highLevel - lowLevel
fib0618 = lowLevel + fibRange * 0.618
fib0382 = lowLevel + fibRange * 0.382
plot(fib0618, title="Fib 0.618", color=color.green, linewidth=1)
plot(fib0382, title="Fib 0.382", color=color.red, linewidth=1)
// === RSI & MACD ===
rsi = ta.rsi(close, 14)
macdLine = ta.ema(close, 12) - ta.ema(close, 26)
signal_Line = ta.ema(macdLine, 9)
rsiBull = rsi > 50 and rsi > rsi and rsi > rsi
rsiBear = rsi < 50 and rsi < rsi and rsi < rsi
macdHist = macdLine - signal_Line
macdBull = macdLine > signal_Line and macdHist > macdHist and macdHist > macdHist
macdBear = macdLine < signal_Line and macdHist < macdHist and macdHist < macdHist
// === Volume Shelf Modeling ===
var float volumeBins = array.new_float()
var float priceBins = array.new_float()
if bar_index == 0
for i = 0 to 99
array.push(volumeBins, 0.0)
array.push(priceBins, na)
if showVolumeShelf
for i = 0 to volLookback
idx = bar_index - i
priceBin = math.floor(close / binSize) * binSize
binIndex = -1
for j = 0 to array.size(priceBins) - 1
if priceBin == array.get(priceBins, j)
binIndex := j
break
if binIndex == -1
for j = 0 to array.size(priceBins) - 1
if na(array.get(priceBins, j))
array.set(priceBins, j, priceBin)
array.set(volumeBins, j, volume )
break
else
array.set(volumeBins, binIndex, array.get(volumeBins, binIndex) + volume )
// Plotting top volume shelf
maxVol = 0.0
var float shelfPrice = na
for i = 0 to array.size(volumeBins) - 1
if array.get(volumeBins, i) > maxVol
maxVol := array.get(volumeBins, i)
shelfPrice := array.get(priceBins, i)
plot(showVolumeShelf and not na(shelfPrice) ? shelfPrice : na, title="Volume Shelf Level", color=color.orange, linewidth=1, style=plot.style_line)
// === ATR & ADX ===
atr = ta.atr(atrLength)
atrContraction = ta.atr(consolidationBars) < atr * consolidationThresh
upMove = high - high
downMove = low - low
plusDM = na(upMove) ? na : (upMove > downMove and upMove > 0 ? upMove : 0)
minusDM = na(downMove) ? na : (downMove > upMove and downMove > 0 ? downMove : 0)
trur = ta.rma(ta.tr(true), adxLength)
plusDI = 100 * ta.rma(plusDM, adxLength) / trur
minusDI = 100 * ta.rma(minusDM, adxLength) / trur
adx = 100 * ta.rma(math.abs(plusDI - minusDI) / (plusDI + minusDI), adxLength)
volSurge = volume > ta.sma(volume, 20) * volMultiplier
// === Retest Logic ===
var float breakoutLevel = na
var int barsSinceBreakout = na
var int barsSinceBreakdown = na
brokeAbove = ta.crossover(close, fib0618)
brokeBelow = ta.crossunder(close, fib0382)
barsSinceBreakout := brokeAbove ? 0 : nz(barsSinceBreakout ) + 1
barsSinceBreakdown := brokeBelow ? 0 : nz(barsSinceBreakdown ) + 1
if brokeAbove
breakoutLevel := fib0618
if brokeBelow
breakoutLevel := fib0382
hasRetested = close < breakoutLevel and barsSinceBreakout < 10
hasRetestedDown = close > breakoutLevel and barsSinceBreakdown < 10
// === Liquidity Grab Detection ===
wickUp = high - math.max(close, open)
body = math.abs(close - open)
liquidityGrab = wickUp > (body * liquidityWickRatio) and close < high and high > fib0618
wickDown = math.min(close, open) - low
liquidityDump = wickDown > (body * liquidityWickRatio) and close > low and low < fib0382
// === Signal Conditions ===
buySignal = close > fib0618 and (not showRSI or rsiBull) and (not showMACD or macdBull) and volSurge and atrContraction and adx > adxThreshold and (not requireRetest or hasRetested) and liquidityGrab
sellSignal = close < fib0382 and (not showRSI or rsiBear) and (not showMACD or macdBear) and volSurge and atrContraction and adx > adxThreshold and (not requireRetest or hasRetestedDown) and liquidityDump
// === Signal Strength ===
buyStrength = rsi > 60 and (macdLine - signal_Line) > 0.5 and close > fib0618 * 1.005
sellStrength = rsi < 40 and (macdLine - signal_Line) < -0.5 and close < fib0382 * 0.995
// === Plot ATR Stops ===
buyStop = close - atr * atrMult
sellStop = close + atr * atrMult
plot(showATRStops and buySignal ? buyStop : na, title="Buy ATR Stop", color=color.green, style=plot.style_line)
plot(showATRStops and sellSignal ? sellStop : na, title="Sell ATR Stop", color=color.red, style=plot.style_line)
// === Plot Signals ===
plotshape(buySignal, title="Buy Signal", location=location.belowbar, color=buyStrength and showSignalStrength ? color.lime : color.green, style=shape.triangleup, size=size.small)
plotshape(sellSignal, title="Sell Signal", location=location.abovebar, color=sellStrength and showSignalStrength ? color.maroon : color.red, style=shape.triangledown, size=size.small)
// === Alerts ===
alertcondition(buySignal, title="Buy Breakout", message="Smart Money breakout above 0.618 confirmed")
alertcondition(sellSignal, title="Sell Breakdown", message="Smart Money breakdown below 0.382 confirmed")
Pivot Regime Anchored VWAP [CHE] Pivot Regime Anchored VWAP — Detects body-based pivot regimes to classify swing highs and lows, anchoring volume-weighted average price lines directly at higher highs and lower lows for adaptive reference levels.
Summary
This indicator identifies shifts between top and bottom regimes through breakouts in candle body highs and lows, labeling swing points as higher highs, lower highs, lower lows, or higher lows. It then draws anchored volume-weighted average price lines starting from the most recent higher high and lower low, providing dynamic support and resistance that evolve with volume flow. These anchored lines differ from standard volume-weighted averages by resetting only at confirmed swing extremes, reducing noise in ranging markets while highlighting momentum shifts in trends.
Motivation: Why this design?
Traders often struggle with static reference lines that fail to adapt to changing market structures, leading to false breaks in volatile conditions or missed continuations in trends. By anchoring volume-weighted average price calculations to body pivot regimes—specifically at higher highs for resistance and lower lows for support—this design creates reference levels tied directly to price structure extremes. This approach addresses the problem of generic moving averages lagging behind swing confirmations, offering a more context-aware tool for intraday or swing trading.
What’s different vs. standard approaches?
- Baseline reference: Traditional volume-weighted average price indicators compute a running total from session start or fixed periods, often ignoring price structure.
- Architecture differences:
- Regime detection via body breakout logic switches between high and low focus dynamically.
- Anchoring limited to confirmed higher highs and lower lows, with historical recalculation for accurate line drawing.
- Polyline rendering rebuilds only on the last bar to manage performance.
- Practical effect: Charts show fewer, more meaningful lines that start at swing points, making it easier to spot confluences with structure breaks rather than cluttered overlays from continuous calculations.
How it works (technical)
The indicator first calculates the maximum and minimum of each candle's open and close to define body highs and lows. It then scans a lookback window for the highest body high and lowest body low. A top regime triggers when the body high from the lookback period exceeds the window's highest, and a bottom regime when the body low falls below the window's lowest. These regime shifts confirm pivots only when crossing from one state to the other.
For top pivots, it compares the new body high against the previous swing high: if greater, it marks a higher high and anchors a new line; otherwise, a lower high. The same logic applies inversely for bottom pivots. Anchored lines use cumulative price-volume products and volumes from the anchor bar onward, subtracting prior cumulatives to isolate the segment. On pivot confirmation, it loops backward from the current bar to the anchor, computing and storing points for the line. New points append as bars advance, ensuring the line reflects ongoing volume weighting.
Initialization uses persistent variables to track the last swing values and anchor bars, starting with neutral states. Data flows from regime detection to pivot classification, then to anchoring and point accumulation, with lines rendered globally on the final bar.
Parameter Guide
Pivot Length — Controls the lookback window for detecting body breakouts, influencing pivot frequency and sensitivity to recent action. Shorter values catch more pivots in choppy conditions; longer smooths for major swings. Default: 30 (bars). Trade-offs/Tips: Min 1; for intraday, try 10–20 to reduce lag but watch for noise; on daily, 50+ for stability.
Show Pivot Labels — Toggles display of text markers at swing points, aiding quick identification of higher highs, lower highs, lower lows, or higher lows. Default: true. Trade-offs/Tips: Disable in multi-indicator setups to declutter; useful for backtesting structure.
HH Color — Sets the line and label color for higher high anchored lines, distinguishing resistance levels. Default: Red (solid). Trade-offs/Tips: Choose contrasting hues for dark/light themes; pair with opacity for fills if added later.
LL Color — Sets the line and label color for lower low anchored lines, distinguishing support levels. Default: Lime (solid). Trade-offs/Tips: As above; green shades work well for bullish contexts without overpowering candles.
Reading & Interpretation
Higher high labels and red lines indicate potential resistance zones where volume weighting begins at a new swing top, suggesting sellers may defend prior highs. Lower low labels and lime lines mark support from a fresh swing bottom, with the line's slope reflecting buyer commitment via volume. Lower highs or higher lows appear as labels without new anchors, signaling possible range-bound action. Line proximity to price shows overextension; crosses may hint at regime shifts, but confirm with volume spikes.
Practical Workflows & Combinations
- Trend following: Enter longs above a rising lower low anchored line after higher low confirmation; filter with rising higher highs for uptrends. Use line breaks as trailing stops.
- Exits/Stops: In downtrends, exit shorts below a higher high line; set aggressive stops above it for scalps, conservative below for swings. Pair with momentum oscillators for divergence.
- Multi-asset/Multi-TF: Defaults suit forex/stocks on 1H–4H; on crypto 15M, shorten length to 15. Scale colors for dark themes; combine with higher timeframe anchors for confluence.
Behavior, Constraints & Performance
Closed-bar logic ensures pivots confirm after the lookback period, with no repainting on historical bars—live bars may adjust until regime shift. No higher timeframe calls, so minimal repaint risk beyond standard delays. Resources include a 2000-bar history limit, label/polyline caps at 200/50, and loops for historical point filling (up to current bar count from anchor, typically under 500 iterations). Known limits: In extreme gaps or low-volume periods, anchors may skew; lines absent until first pivots.
Sensible Defaults & Quick Tuning
Start with the 30-bar length for balanced pivot detection across most assets. For too-frequent pivots in ranges, increase to 50 for fewer signals. If lines lag in trends, reduce to 20 and enable labels for visual cues. In low-volatility assets, widen color contrasts; test on 100-bar history to verify stability.
What this indicator is—and isn’t
This is a structure-aware visualization layer for anchoring volume-weighted references at swing extremes, enhancing manual analysis of regimes and levels. It is not a standalone signal generator or predictive model—always integrate with broader context like order flow or news. Use alongside risk management and position sizing, not as isolated buy/sell triggers.
Many thanks to LuxAlgo for the original script "McDonald's Pattern ". The implementation for body pivots instead of wicks uses a = max(open, close), b = min(open, close) and then highest(a, length) / lowest(b, length). This filters noise from the wicks and detects breakouts over/under bodies. Unusual and targeted, super innovative.
Disclaimer
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
Do not use this indicator on Heikin-Ashi, Renko, Kagi, Point-and-Figure, or Range charts, as these chart types can produce unrealistic results for signal markers and alerts.
Best regards and happy trading
Chervolino
PDB 4 MA + Candle Strength/Weakness Detector
4MA Strength & Reversal Detector
Unlock the power of momentum with this advanced 4 Moving Average system (20, 50, 100, 200) designed to pinpoint market strength and early reversal zones with precision.
How It Works:
- Bearish Reversal: Triggered when all moving averages align (20 < 50 < 100 < 200) and bearish reversal candles appear — highlighting potential tops.
- Bullish Reversal: Triggered when all moving averages align (200 < 100 < 50 < 20) and bullish reversal candles form — marking potential bottoms
:Best For:
⚡ Scalpers and day traders using 1–5 minute timeframes
📈 Identifying momentum shifts and trend exhaustion early
Tip: Combine this with volume or RSI for stronger confirmation and fewer false signals.
ZS Master Vision Pro - Advanced Multi-Timeframe Trading SystemZS MASTER VISION PRO - PROFESSIONAL TRADING SUITE
Created by Zakaria Safri
A comprehensive, all-in-one trading system combining multiple proven technical analysis methods into a single, powerful indicator. Designed for traders who demand precision, clarity, and actionable signals across all timeframes.
KEY FEATURES
CORE TREND ALGORITHM
Adaptive ATR-based trend detection with dynamic support and resistance zones. Features Type A and Type B signal modes for different trading styles, strong signal detection in key reversal zones, and optional EMA source smoothing for noise reduction.
MULTI-LAYER EMA CLOUD SYSTEM
Five customizable EMA cloud layers for multi-timeframe analysis with theme-adaptive color coding across five professional themes. Optional line display for detailed MA tracking with configurable periods from scalping to position trading.
WAVE TREND OSCILLATOR
Advanced momentum oscillator with channel-based calculations featuring smart reversal detection at extreme overbought and oversold levels. Includes directional strength confirmation and customizable sensitivity with adjustable reaction periods.
DIVERGENCE SCANNER
Detects four types of divergence automatically:
- Regular Bullish: Price making lower lows while oscillator making higher lows
- Regular Bearish: Price making higher highs while oscillator making lower highs
- Hidden Bullish: Trend continuation signals in uptrends
- Hidden Bearish: Trend continuation signals in downtrends
Automatic fractal-based detection with clear visual labels on chart.
MARKET BIAS INDICATOR
Heikin Ashi-based trend strength analysis with real-time bias calculation showing Bullish or Bearish combined with Strong or Weak conditions. Smoothed for cleaner signals and perfect for trend confirmation.
MOMENTUM SYSTEM
Proprietary momentum calculation using adaptive smoothing with growing and falling state detection. Normalized values for consistent interpretation and responsive to rapid market changes.
DYNAMIC SUPPORT AND RESISTANCE
Automatic pivot-based support and resistance level detection with adjustable left and right bar lookback. Non-repainting levels with visual clarity through color-coded lines.
LIVE INFORMATION DASHBOARD
Real-time market analysis panel displaying current trend direction, market bias based on Heikin Ashi, Wave Trend status and value, and momentum trend with state. Customizable display options with theme-adaptive colors.
VISUAL CUSTOMIZATION
FIVE PROFESSIONAL COLOR THEMES:
Pro - Modern green and red color scheme (default)
Classic - Traditional teal and red combination
Cyberpunk - Neon cyan and magenta contrast
Ocean - Blue and orange contrast
Sunset - Gold and red warmth
SIGNAL STYLES:
Labels with emoji indicators (BUY with rocket, SELL with bear, STRONG with lightning)
Arrows for clean minimal appearance
Triangles for classic approach
DISPLAY OPTIONS:
Color-coded candles following trend direction
Trend background highlighting for instant trend recognition
Optional EMA line display for detailed analysis
Adjustable transparency levels for personal preference
SMART ALERTS
Pre-configured alert conditions for all major signals:
Buy signals for standard entry opportunities
Sell signals for standard exit or short opportunities
Strong buy signals for high-confidence long entries
Strong sell signals for high-confidence short entries
Bullish divergence detection alerts
Bearish divergence detection alerts
Alert messages automatically include ticker symbol, current price, and specific signal type for quick decision making.
HOW TO USE
FOR TREND TRADERS:
Enable EMA Clouds with focus on Cloud 5 featuring 50 and 200 period moving averages. Wait for trend background color change to confirm direction. Enter on STRONG signals aligned with higher timeframe trend direction. Use support and resistance levels for strategic exits.
FOR SWING TRADERS:
Enable Wave Trend Oscillator information display. Look for oversold and overbought reversal setups. Confirm potential reversals with divergence scanner. Enter on smart reversal signals with proper risk management.
FOR SCALPERS:
Use Type B signal mode for more frequent trading signals. Enable Cloud 1 with 5 and 13 periods for quick trend confirmation. Focus on momentum growing and falling states for entry timing. Take quick entries on regular buy and sell signals.
FOR POSITION TRADERS:
Use Type A mode with higher ATR multiplier set to 3.0 or above. Enable only Cloud 5 with 50 and 200 periods for major trend confirmation. Only take STRONG signals for highest probability setups. Hold positions through minor pullbacks and noise.
RECOMMENDED SETTINGS
STOCKS ON DAILY TIMEFRAME:
Trend Period: 180
ATR Period: 155
ATR Multiplier: 2.1
Signal Mode: Type A
FOREX ON HOURLY AND 4-HOUR TIMEFRAMES:
Trend Period: 150
ATR Period: 120
ATR Multiplier: 2.5
Signal Mode: Type A
CRYPTOCURRENCY ON 15-MINUTE AND 1-HOUR TIMEFRAMES:
Trend Period: 100
ATR Period: 80
ATR Multiplier: 3.0
Signal Mode: Type B
SCALPING ON 1-MINUTE AND 5-MINUTE TIMEFRAMES:
Trend Period: 50
ATR Period: 40
ATR Multiplier: 2.0
Signal Mode: Type B
WHAT IS INCLUDED
Trend Analysis using ATR-based adaptive algorithm
Five EMA Cloud Layers for multi-timeframe confluence
Wave Trend Oscillator for momentum and reversal detection
Divergence Scanner detecting four types of divergence
Market Bias using Heikin Ashi-based trend strength
Momentum System with advanced momentum tracking
Support and Resistance Levels with automatic pivot detection
Live Dashboard showing real-time market analysis
Smart Alerts featuring six pre-configured alert types
Five Color Themes offering professional visual options
TECHNICAL DETAILS
CALCULATION METHODS:
Average True Range (ATR) for volatility adaptation
Exponential Moving Average (EMA) and Simple Moving Average (SMA) for trend smoothing
Wave Trend channel oscillator for momentum analysis
Fractal-based divergence detection algorithm
Heikin Ashi transformation for bias calculation
Logarithmic momentum calculation for precision
PERFORMANCE CHARACTERISTICS:
Optimized for maximum speed and efficiency
No repainting signals ensuring reliability
Works on all timeframes from 1 minute to monthly
Compatible with all instruments including stocks, forex, crypto, and futures
RISK DISCLAIMER
This indicator is a technical analysis tool and should not be used as the sole basis for trading decisions. Always use proper risk management and never risk more than you can afford to lose. Combine with other analysis methods and practice on demo accounts first. Past performance does not guarantee future results. Trading carries substantial risk and is not suitable for all investors.
SUPPORT AND UPDATES
Regular updates and continuous improvements
Based on proven technical analysis principles
Developed following Pine Coders best practices and standards
Clean, well-documented, and optimized code structure
WHY CHOOSE ZS MASTER VISION PRO
All-in-one solution eliminating the need for multiple indicators
Highly customizable to adapt to your specific trading style
Professional grade analysis with institutional-quality standards
Clean interface that is not cluttered or confusing
Works everywhere across all markets and all timeframes
Smart signals filtered for quality over quantity
Beautiful design featuring five professional color themes
Active development with regular improvements and updates
Transform your trading with ZS Master Vision Pro today.
Version 2.0 | Created by Zakaria Safri | Pine Script Version 5
Master Trend Strategy - by jake_thebossMaster Trend Strategy
This strategy combines multiple technical indicators to identify high-probability trend entries across all asset classes.
Core Signal Logic:
Entry triggered when EMA 4 crosses above/below EMA 5
Confirmation required from RSI (>50 for long, <50 for short)
Price must be above/below key moving averages: EMA 21, SMA 50, EMA 55, EMA 89, and EMA 750
Additional confirmation from Stochastic (>52 bullish, <48 bearish) or EMA 89 breakout or VWAP cross
Key Features:
VWAP filter: Only takes bullish signals above VWAP and bearish signals below VWAP
Optional pyramiding: Allows multiple entries in the same direction (up to 200 orders)
Individual stop loss and take profit management for each pyramid level
Time filter: Customizable trading hours with timezone offset
Risk management: Adjustable stop loss (default 0.3%) and take profit (default 0.6%)
Visualization:
Entry, stop loss, and take profit levels drawn as horizontal lines
Customizable signal markers (triangles) for bull/bear entries
Optional EMA overlay display
The strategy is designed for trend-following on lower timeframes, with strict multi-indicator confirmation to filter out false signals.
Moving Average Trend Strategy V4.1 — Revised Version (Selectable✅ **Version Notes (V4.0)**
| Feature | Description |
| --------------------------------------- | -------------------------------------------------------- |
| 🧠 **Moving Average Type Options** | Choose from EMA / SMA / HMA / WMA |
| 🧱 **Take-Profit / Stop-Loss Switches** | Can be enabled or disabled independently |
| ⚙️ **Add Position Function** | Can be enabled or disabled independently |
| 🔁 **Add Position Signal Source** | Selectable between MA Crossover / MACD / RCI / RSI |
| 💹 **Adjustable Parameters** | All periods and percentages are customizable in settings |
---
✅ **Update Summary:**
| Function | Description |
| -------------------------------------- | --------------------------------------------------------------------- |
| **MA Type Selection** | Choose EMA / SMA / HMA / WMA in chart settings |
| **Take-Profit / Stop-Loss Percentage** | Configurable in the “Take-Profit & Stop-Loss” group |
| **Add / Reduce Position Percentage** | Adjustable separately in the “Add/Reduce Position” group |
| **MA Periods** | Customizable in the “Moving Average Parameters” section |
| **Code Structure** | Logic unchanged — only parameterization and selection functions added |
---
### **Strategy Recommendations:**
* **Trending Market:** Prefer EMA trend tracking or SAR indicators
* **Range-Bound Market:** Use ATR-based volatility stop-loss
* **Before Major Events:** Consider option hedging
* **Algorithmic Trading:** Recommend ATR + partial take-profit combination strategy
---
### **Key Parameter Optimization Logic:**
* Backtest different **ATR multipliers** (2–3× ATR)
* Test **EMA periods** (10–50 periods)
* Optimize **partial take-profit ratios**
* Adjust **maximum drawdown tolerance** (typically 30–50% of profit)
---
### **Risk Control Tips:**
* Avoid overly tight stop-losses that trigger too frequently
* During strong trends, consider widening take-profit targets
* Confirm trend continuation with **volume analysis**
* Adjust parameters based on **timeframe** (e.g., Daily vs Hourly)
---
### **Practical Example (Forex: EUR/USD):**
* **Entry:** Go long on breakout above 1.1200
* **Initial Stop-Loss:** 1.1150 (50 pips)
* **When profit reaches 1.1300:**
* Close 50% of position
* Move stop-loss to 1.1250 (lock in 50 pips profit)
* **When price rises to 1.1350:**
* Move stop-loss to 1.1300 (lock in 100 pips profit)
* **Final Outcome:**
* Price retraces to 1.1300, triggering take-profit
This method secured over **80% of trend profits** during the 2023 EUR rebound, capturing **23% more profit** compared to fixed take-profit strategies (based on backtest results).
SMA RibbonThis indicator overlays multiple Simple Moving Averages (SMAs) on the price chart to help visualize both short- and long-term market trends. It includes five configurable SMA lines — 10, 21, 50, 100, and 200 periods by default — each plotted with distinct colors for quick differentiation.
Short-term averages (10 and 21) highlight near-term momentum, while medium- and long-term averages (50, 100, and 200) provide broader trend context and identify potential areas of dynamic support or resistance.
Users can easily adjust the period lengths and line thickness through the settings panel to fit different timeframes or trading styles.
Features
Plots 5 configurable SMAs (default: 10, 21, 50, 100, 200)
Adjustable line width and colors for visual clarity
Works seamlessly on any timeframe and instrument
Useful for identifying trend direction, strength, and key support/resistance zones
Relative Strength Index Remastered [CHE]Relative Strength Index Remastered — Enhanced RSI with robust divergence detection using price-based pivots and line-of-sight validation to reduce false signals compared to the standard RSI indicator.
Summary
RSI Remastered builds on the classic Relative Strength Index by adding a more reliable divergence detection system that relies on price pivots rather than RSI pivots alone, incorporating a line-of-sight check to ensure the RSI path between points remains clear. This approach filters out many false divergences that occur in the original RSI indicator due to its volatile pivot detection on the RSI line itself. Users benefit from clearer reversal and continuation signals, especially in noisy markets, with optional hidden divergence support for trend confirmation. The core RSI calculation and smoothing options remain familiar, but the divergence logic provides materially fewer alerts while maintaining sensitivity.
Motivation: Why this design?
The standard RSI indicator often generates misleading divergence signals because it detects pivots directly on the RSI values, which can fluctuate erratically in volatile conditions, leading to frequent false positives that confuse traders during ranging or choppy price action. RSI Remastered addresses this by shifting pivot detection to the underlying price highs and lows, which are more stable, and adding a validation step that confirms the RSI line does not cross the direct path between pivot points. This design targets the real problem of over-signaling in the original, promoting more actionable insights without altering the RSI's core momentum measurement.
What’s different vs. standard approaches?
- Reference baseline: The classical TradingView RSI indicator, which uses simple RSI-based pivot detection for divergences.
- Architecture differences:
- Pivot identification on price extremes (highs and lows) instead of RSI values, extracting RSI levels at those points for comparison.
- Addition of a line-of-sight validation that checks the RSI path bar by bar between pivots to prevent signals where the line is interrupted.
- Inclusion of hidden divergence types alongside regular ones, using the same robust framework.
- Configurable drawing of connecting lines between validated pivot RSI points for visual clarity.
- Practical effect: Charts show fewer but higher-quality divergence markers and lines, reducing clutter from the original's frequent RSI pivot triggers; this matters for avoiding whipsaws in intraday trading, where the standard version might flag dozens of invalid setups per session.
Key Comparison Aspects
Aspect: Title/Shorttitle
Original RSI: "Relative Strength Index" / "RSI"
Robust Variant: "Relative Strength Index Remastered " / "RSI RM"
Aspect: Max. Lines/Labels
Original RSI: No specification (Standard: 50/50)
Robust Variant: max_lines_count=200, max_labels_count=200 (for more lines/markers in divergences)
Aspect: RSI Calculation & Plots
Original RSI: Identical: RSI with RMA, Plots (line, bands, gradient fills)
Robust Variant: Identical: RSI with RMA, Plots (line, bands, gradient fills)
Aspect: Smoothing (MA)
Original RSI: Identical: Inputs for MA types (SMA, EMA etc.), Bollinger Bands optional
Robust Variant: Identical: Inputs for MA types (SMA, EMA etc.), Bollinger Bands optional
Aspect: Divergence Activation
Original RSI: input.bool(false, "Calculate Divergence") (disabled by default)
Robust Variant: input.bool(true, "Calculate Divergence") (enabled by default, with tooltip)
Aspect: Pivot Calculation
Original RSI: Pivots on RSI (ta.pivotlow/high on RSI values)
Robust Variant: Pivots on price (ta.pivotlow/high on low/high), RSI values then extracted
Aspect: Lookback Values
Original RSI: Fixed: lookbackLeft=5, lookbackRight=5
Robust Variant: Input: L=5 (Pivot Left), R=5 (Pivot Right), adjustable (min=1, max=50)
Aspect: Range Between Pivots
Original RSI: Fixed: rangeUpper=60, rangeLower=5 (via _inRange function)
Robust Variant: Input: rangeUpper=60 (Max Bars), rangeLower=5 (Min Bars), adjustable (min=1–6, max=100–300)
Aspect: Divergence Types
Original RSI: Only Regular Bullish/Bearish: - Bull: Price LL + RSI HL - Bear: Price HH + RSI LH
Robust Variant: Regular + Hidden (optional via showHidden=true): - Regular Bull: Price LL + RSI HL - Regular Bear: Price HH + RSI LH - Hidden Bull: Price HL + RSI LL - Hidden Bear: Price LH + RSI HH
Aspect: Validation
Original RSI: No additional check (only pivot + range check)
Robust Variant: Line-of-Sight Check: RSI line must not cross the connecting line between pivots (line_clear function with slope calculation and loop for each bar in between)
Aspect: Signals (Plots/Shapes)
Original RSI: - Plot of pivot points (if divergence) - Shapes: "Bull"/"Bear" at RSI value, offset=-5
Robust Variant: - No pivot plots, instead shapes at RSI , offset=-R (adjustable) - Shapes: "Bull"/"Bear" (Regular), "HBull"/"HBear" (Hidden) - Colors: Lime/Red (Regular), Teal/Orange (Hidden)
Aspect: Line Drawing
Original RSI: No lines
Robust Variant: Optional (showLines=true): Lines between RSI pivots (thick for regular, dashed/thin for hidden), extend=none
Aspect: Alerts
Original RSI: Only Regular Bullish/Bearish (with pivot lookback reference)
Robust Variant: Regular Bullish/Bearish + Hidden Bullish/Bearish (specific "at latest pivot low/high")
Aspect: Robustness
Original RSI: Simple, prone to false signals (RSI pivots can be volatile)
Robust Variant: Higher: Price pivots are more stable, line-of-sight filters "broken" divergences, hidden support for trend continuations
Aspect: Code Length/Structure
Original RSI: ~100 lines, simple if-blocks for bull/bear
Robust Variant: ~150 lines, extended helper functions (e.g., inRange, line_clear), var group for inputs
How it works (technical)
The indicator first computes the core RSI value based on recent price changes, separating upward and downward movements over the specified length and smoothing them to derive a momentum reading scaled between zero and one hundred. This value is then plotted in a separate pane with fixed upper and lower reference lines at seventy and thirty, along with optional gradient fills to highlight overbought and oversold zones.
For smoothing, a moving average type is applied to the RSI if enabled, with an option to add bands around it based on the variability of recent RSI values scaled by a multiplier. Divergence detection activates on confirmed price pivots: lows for bullish checks and highs for bearish. At each new pivot, the system retrieves the bar index and values (price and RSI) for the current and prior pivot, ensuring they fall within a configurable bar range to avoid unrelated points.
Comparisons then assess whether the price has made a lower low (or higher high) while the RSI at those points moves in the opposite direction—higher for bullish regular, lower for bearish regular. For hidden types, the directions reverse to capture trend strength. The line-of-sight check calculates the straight path between the two RSI points and verifies that the actual RSI values in between stay entirely above (for bullish) or below (for bearish) that path, breaking the signal if any bar violates it. Valid signals trigger shapes at the RSI level of the new pivot and optional lines connecting the points. Initialization uses built-in functions to track prior occurrences, with states persisting across bars for accurate historical comparisons. No higher timeframe data is used, so confirmation occurs after the right pivot bars close, minimizing live-bar repaints.
Parameter Guide
Length — Controls the period for measuring price momentum changes — Default: 14 — Trade-offs/Tips: Shorter values increase responsiveness but add noise and more false signals; longer smooths trends but delays entries in fast markets.
Source — Selects the price input for RSI calculation — Default: Close — Trade-offs/Tips: Use high or low for volatility focus, but close works best for most assets; mismatches can skew overbought/oversold reads.
Calculate Divergence — Enables the enhanced divergence logic — Default: True — Trade-offs/Tips: Disable for pure RSI view to save computation; essential for signal reliability over the standard method.
Type (Smoothing) — Chooses the moving average applied to RSI — Default: SMA — Trade-offs/Tips: None for raw RSI; EMA for quicker adaptation, but SMA reduces whipsaws; Bollinger Bands option adds volatility context at cost of added lines.
Length (Smoothing) — Period for the smoothing average — Default: 14 — Trade-offs/Tips: Match RSI length for consistency; shorter boosts signal speed but amplifies noise in the smoothed line.
BB StdDev — Multiplier for band width around smoothed RSI — Default: 2.0 — Trade-offs/Tips: Lower narrows bands for tighter signals, risking more touches; higher widens for fewer but stronger breakouts.
Pivot Left — Bars to the left for confirming price pivots — Default: 5 — Trade-offs/Tips: Increase for stricter pivots in noisy data, reducing signals; too high delays confirmation excessively.
Pivot Right — Bars to the right for confirming price pivots — Default: 5 — Trade-offs/Tips: Balances with left for symmetry; longer right ensures maturity but shifts signals backward.
Max Bars Between Pivots — Upper limit on distance for valid pivot pairs — Default: 60 — Trade-offs/Tips: Tighten for short-term trades to focus recent action; widen for swing setups but risks unrelated comparisons.
Min Bars Between Pivots — Lower limit to avoid clustered pivots — Default: 5 — Trade-offs/Tips: Raise to filter micro-moves; too low invites overlapping signals like the original RSI.
Detect Hidden — Includes trend-continuation hidden types — Default: True — Trade-offs/Tips: Enable for full trend analysis; disable simplifies to reversals only, akin to basic RSI.
Draw Lines — Shows connecting lines between valid pivots — Default: True — Trade-offs/Tips: Turn off for cleaner charts; helps visually confirm line-of-sight in backtests.
Reading & Interpretation
The main RSI line oscillates between zero and one hundred, crossing above fifty suggesting building momentum and below indicating weakness; touches near seventy or thirty flag potential extremes. The optional smoothed line and bands provide a filtered view—price above the upper band on the RSI pane hints at overextension. Divergence shapes appear as upward labels for bullish (lime for regular, teal for hidden) and downward for bearish (red regular, orange hidden) at the pivot's RSI level, signaling a mismatch only after validation. Connecting lines, if drawn, slope between points without RSI interference, their color matching the shape type; a dashed style denotes hidden. Fewer shapes overall compared to the standard RSI mean higher conviction, but always confirm with price structure.
Practical Workflows & Combinations
- Trend following: Enter longs on regular bullish shapes near support with higher highs in price; filter hidden bullish for pullback buys in uptrends, pairing with a rising smoothed RSI above fifty.
- Exits/Stops: Use bearish regular as reversal warnings to tighten stops; hidden bearish in downtrends confirms continuation—exit if lines show RSI crossing the path.
- Multi-asset/Multi-TF: Defaults suit forex and stocks on one-hour charts; for crypto volatility, widen pivot ranges to ten; scale min/max bars proportionally on daily for swings, avoiding the original's intraday spam.
Behavior, Constraints & Performance
Signals confirm only after the right pivot bars close, so live bars may show tentative pivots that vanish on close, unlike the standard RSI's immediate RSI-pivot triggers—plan for this delay in automation. No higher timeframe calls, so no security-related repaints. Resources include up to two hundred lines and labels for dense charts, with a loop in validation scanning up to three hundred bars between pivots, which is efficient but could slow on very long histories. Known limits: Slight lag at pivot confirmation in trending markets; volatile RSI might rarely miss fine path violations; not ideal for gap-heavy assets where pivots skip.
Sensible Defaults & Quick Tuning
Start with defaults for balanced momentum and divergence on most timeframes. For too many signals (like the original), raise pivot left/right to eight and min bars to ten to filter noise. If sluggish in trends, shorten RSI length to nine and enable EMA smoothing for faster adaptation. In high-volatility assets, widen max bars to one hundred but disable hidden to focus essentials. For clean reversal hunts, set smoothing to none and lines on.
What this indicator is—and isn’t
RSI Remastered serves as a refined momentum and divergence visualization tool, enhancing the standard RSI for better signal quality in technical analysis setups. It is not a standalone trading system, nor does it predict price moves—pair it with volume, structure breaks, and risk rules for decisions. Use alongside position sizing and broader context, not in isolation.
Disclaimer
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
Do not use this indicator on Heikin-Ashi, Renko, Kagi, Point-and-Figure, or Range charts, as these chart types can produce unrealistic results for signal markers and alerts.
Best regards and happy trading
Chervolino
T3 ATR [DCAUT]█ T3 ATR
📊 ORIGINALITY & INNOVATION
The T3 ATR indicator represents an important enhancement to the traditional Average True Range (ATR) indicator by incorporating the T3 (Tilson Triple Exponential Moving Average) smoothing algorithm. While standard ATR uses fixed RMA (Running Moving Average) smoothing, T3 ATR introduces a configurable volume factor parameter that allows traders to adjust the smoothing characteristics from highly responsive to heavily smoothed output.
This innovation addresses a fundamental limitation of traditional ATR: the inability to adapt smoothing behavior without changing the calculation period. With T3 ATR, traders can maintain a consistent ATR period while adjusting the responsiveness through the volume factor, making the indicator adaptable to different trading styles, market conditions, and timeframes through a single unified implementation.
The T3 algorithm's triple exponential smoothing with volume factor control provides improved signal quality by reducing noise while maintaining better responsiveness compared to traditional smoothing methods. This makes T3 ATR particularly valuable for traders who need to adapt their volatility measurement approach to varying market conditions without switching between multiple indicator configurations.
📐 MATHEMATICAL FOUNDATION
The T3 ATR calculation process involves two distinct stages:
Stage 1: True Range Calculation
The True Range (TR) is calculated using the standard formula:
TR = max(high - low, |high - close |, |low - close |)
This captures the greatest of the current bar's range, the gap from the previous close to the current high, or the gap from the previous close to the current low, providing a comprehensive measure of price movement that accounts for gaps and limit moves.
Stage 2: T3 Smoothing Application
The True Range values are then smoothed using the T3 algorithm, which applies six exponential moving averages in succession:
First Layer: e1 = EMA(TR, period), e2 = EMA(e1, period)
Second Layer: e3 = EMA(e2, period), e4 = EMA(e3, period)
Third Layer: e5 = EMA(e4, period), e6 = EMA(e5, period)
Final Calculation: T3 = c1×e6 + c2×e5 + c3×e4 + c4×e3
The coefficients (c1, c2, c3, c4) are derived from the volume factor (VF) parameter:
a = VF / 2
c1 = -a³
c2 = 3a² + 3a³
c3 = -6a² - 3a - 3a³
c4 = 1 + 3a + a³ + 3a²
The volume factor parameter (0.0 to 1.0) controls the weighting of these coefficients, directly affecting the balance between responsiveness and smoothness:
Lower VF values (approaching 0.0): Coefficients favor recent data, resulting in faster response to volatility changes with minimal lag but potentially more noise
Higher VF values (approaching 1.0): Coefficients distribute weight more evenly across the smoothing layers, producing smoother output with reduced noise but slightly increased lag
📊 COMPREHENSIVE SIGNAL ANALYSIS
Volatility Level Interpretation:
High Absolute Values: Indicate strong price movements and elevated market activity, suggesting larger position risks and wider stop-loss requirements, often associated with trending markets or significant news events
Low Absolute Values: Indicate subdued price movements and quiet market conditions, suggesting smaller position risks and tighter stop-loss opportunities, often associated with consolidation phases or low-volume periods
Rapid Increases: Sharp spikes in T3 ATR often signal the beginning of significant price moves or market regime changes, providing early warning of increased trading risk
Sustained High Levels: Extended periods of elevated T3 ATR indicate sustained trending conditions with persistent volatility, suitable for trend-following strategies
Sustained Low Levels: Extended periods of low T3 ATR indicate range-bound conditions with suppressed volatility, suitable for mean-reversion strategies
Volume Factor Impact on Signals:
Low VF Settings (0.0-0.3): Produce responsive signals that quickly capture volatility changes, suitable for short-term trading but may generate more frequent color changes during minor fluctuations
Medium VF Settings (0.4-0.7): Provide balanced signal quality with moderate responsiveness, filtering out minor noise while capturing significant volatility changes, suitable for swing trading
High VF Settings (0.8-1.0): Generate smooth, stable signals that filter out most noise and focus on major volatility trends, suitable for position trading and long-term analysis
🎯 STRATEGIC APPLICATIONS
Position Sizing Strategy:
Determine your risk per trade (e.g., 1% of account capital - adjust based on your risk tolerance and experience)
Decide your stop-loss distance multiplier (e.g., 2.0x T3 ATR - this varies by market and strategy, test different values)
Calculate stop-loss distance: Stop Distance = Multiplier × Current T3 ATR
Calculate position size: Position Size = (Account × Risk %) / Stop Distance
Example: $10,000 account, 1% risk, T3 ATR = 50 points, 2x multiplier → Position Size = ($10,000 × 0.01) / (2 × 50) = $100 / 100 points = 1 unit per point
Important: The ATR multiplier (1.5x - 3.0x) should be determined through backtesting for your specific instrument and strategy - using inappropriate multipliers may result in stops that are too tight (frequent stop-outs) or too wide (excessive losses)
Adjust the volume factor to match your trading style: lower VF for responsive stop distances in short-term trading, higher VF for stable stop distances in position trading
Dynamic Stop-Loss Placement:
Determine your risk tolerance multiplier (typically 1.5x to 3.0x T3 ATR)
For long positions: Set stop-loss at entry price minus (multiplier × current T3 ATR value)
For short positions: Set stop-loss at entry price plus (multiplier × current T3 ATR value)
Trail stop-losses by recalculating based on current T3 ATR as the trade progresses
Adjust the volume factor based on desired stop-loss stability: higher VF for less frequent adjustments, lower VF for more adaptive stops
Market Regime Identification:
Calculate a reference volatility level using a longer-period moving average of T3 ATR (e.g., 50-period SMA)
High Volatility Regime: Current T3 ATR significantly above reference (e.g., 120%+) - favor trend-following strategies, breakout trades, and wider targets
Normal Volatility Regime: Current T3 ATR near reference (e.g., 80-120%) - employ standard trading strategies appropriate for prevailing market structure
Low Volatility Regime: Current T3 ATR significantly below reference (e.g., <80%) - favor mean-reversion strategies, range trading, and prepare for potential volatility expansion
Monitor T3 ATR trend direction and compare current values to recent history to identify regime transitions early
Risk Management Implementation:
Establish your maximum portfolio heat (total risk across all positions, typically 2-6% of capital)
For each position: Calculate position size using the formula Position Size = (Account × Individual Risk %) / (ATR Multiplier × Current T3 ATR)
When T3 ATR increases: Position sizes automatically decrease (same risk %, larger stop distance = smaller position)
When T3 ATR decreases: Position sizes automatically increase (same risk %, smaller stop distance = larger position)
This approach maintains constant dollar risk per trade regardless of market volatility changes
Use consistent volume factor settings across all positions to ensure uniform risk measurement
📋 DETAILED PARAMETER CONFIGURATION
ATR Length Parameter:
Default Setting: 14 periods
This is the standard ATR calculation period established by Welles Wilder, providing balanced volatility measurement that captures both short-term fluctuations and medium-term trends across most markets and timeframes
Selection Principles:
Shorter periods increase sensitivity to recent volatility changes and respond faster to market shifts, but may produce less stable readings
Longer periods emphasize sustained volatility trends and filter out short-term noise, but respond more slowly to genuine regime changes
The optimal period depends on your holding time, trading frequency, and the typical volatility cycle of your instrument
Consider the timeframe you trade: Intraday traders typically use shorter periods, swing traders use intermediate periods, position traders use longer periods
Practical Approach:
Start with the default 14 periods and observe how well it captures volatility patterns relevant to your trading decisions
If ATR seems too reactive to minor price movements: Increase the period until volatility readings better reflect meaningful market changes
If ATR lags behind obvious volatility shifts that affect your trades: Decrease the period for faster response
Match the period roughly to your typical holding time - if you hold positions for N bars, consider ATR periods in a similar range
Test different periods using historical data for your specific instrument and strategy before committing to live trading
T3 Volume Factor Parameter:
Default Setting: 0.7
This setting provides a reasonable balance between responsiveness and smoothness for most market conditions and trading styles
Understanding the Volume Factor:
Lower values (closer to 0.0) reduce smoothing, allowing T3 ATR to respond more quickly to volatility changes but with less noise filtering
Higher values (closer to 1.0) increase smoothing, producing more stable readings that focus on sustained volatility trends but respond more slowly
The trade-off is between immediacy and stability - there is no universally optimal setting
Selection Principles:
Match to your decision speed: If you need to react quickly to volatility changes for entries/exits, use lower VF; if you're making longer-term risk assessments, use higher VF
Match to market character: Noisier, choppier markets may benefit from higher VF for clearer signals; cleaner trending markets may work well with lower VF for faster response
Match to your preference: Some traders prefer responsive indicators even with occasional false signals, others prefer stable indicators even with some delay
Practical Adjustment Guidelines:
Start with default 0.7 and observe how T3 ATR behavior aligns with your trading needs over multiple sessions
If readings seem too unstable or noisy for your decisions: Try increasing VF toward 0.9-1.0 for heavier smoothing
If the indicator lags too much behind volatility changes you care about: Try decreasing VF toward 0.3-0.5 for faster response
Make meaningful adjustments (0.2-0.3 changes) rather than small increments - subtle differences are often imperceptible in practice
Test adjustments in simulation or paper trading before applying to live positions
📈 PERFORMANCE ANALYSIS & COMPETITIVE ADVANTAGES
Responsiveness Characteristics:
The T3 smoothing algorithm provides improved responsiveness compared to traditional RMA smoothing used in standard ATR. The triple exponential design with volume factor control allows the indicator to respond more quickly to genuine volatility changes while maintaining the ability to filter noise through appropriate VF settings. This results in earlier detection of volatility regime changes compared to standard ATR, particularly valuable for risk management and position sizing adjustments.
Signal Stability:
Unlike simple smoothing methods that may produce erratic signals during transitional periods, T3 ATR's multi-layer exponential smoothing provides more stable signal progression. The volume factor parameter allows traders to tune signal stability to their preference, with higher VF settings producing remarkably smooth volatility profiles that help avoid overreaction to temporary market fluctuations.
Comparison with Standard ATR:
Adaptability: T3 ATR allows adjustment of smoothing characteristics through the volume factor without changing the ATR period, whereas standard ATR requires changing the period length to alter responsiveness, potentially affecting the fundamental volatility measurement
Lag Reduction: At lower volume factor settings, T3 ATR responds more quickly to volatility changes than standard ATR with equivalent periods, providing earlier signals for risk management adjustments
Noise Filtering: At higher volume factor settings, T3 ATR provides superior noise filtering compared to standard ATR, producing cleaner signals for long-term analysis without sacrificing volatility measurement accuracy
Flexibility: A single T3 ATR configuration can serve multiple trading styles by adjusting only the volume factor, while standard ATR typically requires multiple instances with different periods for different trading applications
Suitable Use Cases:
T3 ATR is well-suited for the following scenarios:
Dynamic Risk Management: When position sizing and stop-loss placement need to adapt quickly to changing volatility conditions
Multi-Style Trading: When a single volatility indicator must serve different trading approaches (day trading, swing trading, position trading)
Volatile Markets: When standard ATR produces too many false volatility signals during choppy conditions
Systematic Trading: When algorithmic systems require a single, configurable volatility input that can be optimized for different instruments
Market Regime Analysis: When clear identification of volatility expansion and contraction phases is critical for strategy selection
Known Limitations:
Like all technical indicators, T3 ATR has limitations that users should understand:
Historical Nature: T3 ATR is calculated from historical price data and cannot predict future volatility with certainty
Smoothing Trade-offs: The volume factor setting involves a trade-off between responsiveness and smoothness - no single setting is optimal for all market conditions
Extreme Events: During unprecedented market events or gaps, T3 ATR may not immediately reflect the full scope of volatility until sufficient data is processed
Relative Measurement: T3 ATR values are most meaningful in relative context (compared to recent history) rather than as absolute thresholds
Market Context Required: T3 ATR measures volatility magnitude but does not indicate price direction or trend quality - it should be used in conjunction with directional analysis
Performance Expectations:
T3 ATR is designed to help traders measure and adapt to changing market volatility conditions. When properly configured and applied:
It can help reduce position risk during volatile periods through appropriate position sizing
It can help identify optimal times for more aggressive position sizing during stable periods
It can improve stop-loss placement by adapting to current market conditions
It can assist in strategy selection by identifying volatility regimes
However, volatility measurement alone does not guarantee profitable trading. T3 ATR should be integrated into a comprehensive trading approach that includes directional analysis, proper risk management, and sound trading psychology.
USAGE NOTES
This indicator is designed for technical analysis and educational purposes. T3 ATR provides adaptive volatility measurement but has limitations and should not be used as the sole basis for trading decisions. The indicator measures historical volatility patterns, and past volatility characteristics do not guarantee future volatility behavior. Market conditions can change rapidly, and extreme events may produce volatility readings that fall outside historical norms.
Traders should combine T3 ATR with directional analysis tools, support/resistance analysis, and other technical indicators to form a complete trading strategy. Proper backtesting and forward testing with appropriate risk management is essential before applying T3 ATR-based strategies to live trading. The volume factor parameter should be optimized for specific instruments and trading styles through careful testing rather than assuming default settings are optimal for all applications.
