Akshay - TheOne, TheMostWanted, TheUnbeatable, TheEnd➤ All-in-One Solution (❌ No repaint):
This Technical Chart contains, MA24 Condition, Supertrend Indicator, HalfTrend Signal, Ichimoku Cloud Status, Parabolic SAR (P_SAR), First 5-Minute Candle Analysis (ORB5min), Volume-Weighted Moving Average (VWMA), Price-Volume Trend (PVT), Oscillator Composite, RSI Condition, ADX & Trend Strength.
Technicals don't lie.
🚀 Overview and Key Features
Comprehensive Multi-Indicator Approach:
The script is built to be an all-in-one technical indicator on TradingView. It integrates several well-known indicators and overlays—including Supertrend, HalfTrend, Ichimoku Cloud, various moving averages (EMA, SMA, VWMA), oscillators (Klinger, Price Oscillator, Awesome Oscillator, Chaikin Oscillator, Ultimate Oscillator, SMI Ergodic Oscillator, Chande Momentum Oscillator, Detrended Price Oscillator, Money Flow Index), ADX, and Donchian Channels—to create a composite picture of market sentiment.
Signal Generation and Alerts:
It not only calculates these indicators but also aggregates their output into “Master Candle” signals. Vertical lines are drawn on the chart with corresponding alerts to indicate potential buy or sell opportunities based on robust, combined conditions.
Visual Layering:
Through the use of colored histograms, custom candle plots, trend lines, and background color changes, the script offers a multi-layered visual representation of data, providing clarity about both short-term signals and overall market trends.
⚙️ How It Works and Functionality
MA24 Condition:
Uses the 24-period moving average as a proxy; if the price is above it, the bar is colored green, and red if below, with neutrality when conditions aren’t met.
Supertrend Indicator:
Evaluates price relative to the Supertrend level (calculated via ATR), coloring green when price is above it and red when below.
HalfTrend Signal:
Determines trend shifts by comparing the current close to a calculated trend level; green indicates an upward trend, while red suggests a downtrend.
Ichimoku Cloud Status:
Analyzes the relationship between the Conversion and Base lines; a bullish (green) signal is given when price is above both or the Conversion line is higher than the Base line.
Parabolic SAR (P_SAR):
Colors the signal based on whether the current price is above (green) or below (red) the Parabolic SAR marker, indicating stop and reverse conditions.
First 5-Minute Candle Analysis (ORB5min):
Uses key levels from the first 5-minute candle; if price exceeds the candle’s low, VWAP, and MA, it’s bullish (green), otherwise bearish (red).
Volume-Weighted Moving Average (VWMA):
Compares the current price to volume-weighted averages; a price above these levels is shown in green, below in red.
Price-Volume Trend (PVT):
Determines bullish or bearish momentum by comparing PVT to its VWAP—green when above and red when below.
Oscillator Composite:
Aggregates signals from multiple oscillators; a majority of positive results turn it green, while negative dominance results in red.
RSI Condition:
Uses a simple RSI threshold of 50, with values above signifying bullish (green) momentum and below marking bearish (red) conditions.
ADX & Trend Strength:
Reflects overall trend strength through ADX and directional movements; a combination favoring bullish conditions colors it green, with red signaling bearish pressure.
Master Candle Overall Signal:
Combines multiple indicator outputs into one “Master” signal—green for a consensus bullish trend and red for a bearish outlook.
Scalp Signal Variation:
Focused on short-term price changes, this signal adjusts quickly; green indicates improving short-term conditions, while red signals a downturn.
📊 Visualizations and 🎨 User Experience (❌ no repaint)
Dynamic Histograms & Bar Plots:
Each indicator is represented as a colored bar (with added vertical offsets) to facilitate easy comparison of their respective bullish or bearish contributions.
Clear Color-Coding & Labels:
Green (e.g., GreenFluorescent) indicates bullish sentiment.
Red (e.g., RedFluorescent) indicates bearish sentiment.
Custom labels and descriptive text accompany each bar for clarity.
Interactive Charting:
The overall background color adapts based on the “Master Candle” condition, offering an instant read on market sentiment.
The current candlestick is overlaid with color cues to reinforce the indicator’s signal, enhancing the trading experience.
Real-Time Alerts:
Vertical lines appear on signal events (buy/sell triggers), complemented by alerts that help traders stay on top of actionable market moves.
Sharp lines:
The Sharp lines are plotted based upon the EMA5 cross over with the same market trend, marks this as good time to reentry.
🔧 Settings and Customization
Flexible Timeframe Input:
Users can select their preferred timeframe for analysis, making the indicator adaptable to intraday or longer-term trading styles.
Customizable Indicator Parameters:
➤ Supertrend: Adjust ATR length and multiplier factors.
➤ HalfTrend: Tweak amplitude and channel deviation settings.
➤ Ichimoku Cloud & Oscillators: Fine-tune the conversion/base lines and oscillator lengths to match individual trading strategies.
Visual Customization:
The script’s color schemes and plotting styles can be altered as needed, giving users the freedom to tailor the interface to their taste or existing chart setups.
🌟 Uniqueness of the Concept
Integrated Multi-Indicator Synergy:
Combines a diverse range of trend, momentum, and volume-based indicators into a single cohesive system for a holistic market view.
Master Candle Aggregation:
Consolidates numerous individual signals into a "Master Candle" that filters out noise and provides a clear, consensus-based trading signal.
Layered Visual Feedback:
Uses color-coded histograms, adaptive background cues, and dynamic overlays to deliver a visually intuitive guide to market sentiment at a glance.
Customization and Flexibility:
Offers adjustable parameters for each indicator, allowing users to tailor the system to fit diverse trading styles and market conditions.
✅ Conclusion:
Robust Trading Tool & Non-Repainting Reliability:
This versatile technical analysis tool computes an extensive range of indicators, aggregates them into a stable, non-repainting “Master Candle” signal, and maintains consistent, verifiable outputs on historical data.
Holistic Market Insight & Consistent Signal Generation:
By combining trend detection, momentum oscillators, and volume analysis, the indicator delivers a comprehensive snapshot of market conditions and generates dependable signals across varying timeframes.
User-Centric Design with Rich Visual Feedback:
Customizable settings, clear color-coded outputs, adaptive backgrounds, and real-time alerts work together to provide actionable, transparent feedback—enhancing the overall trading experience.
A Unique All-in-One Solution:
The integrated approach not only simplifies complex market dynamics into an easy-to-read visual guide but also empowers systematic traders with a powerful, adaptable asset for accurate decision-making.
❤️ Credits:
Pine Script™ User Manual
Supertrend
Ichimoku Cloud
Parabolic SAR
Price Volume Trend (PVT)
Average Directional Index (ADX)
Volume Oscillator
HalfTrend
Donchian Trend
Поиск скриптов по запросу "supertrend"
Liquidation Reversal Signals [AlgoAlpha]🟠 OVERVIEW
This tool detects potential liquidation-driven reversals by combining z-score analysis of up/down volume with the classic Supertrend. It watches for abnormal surges in directional volume (on a lower timeframe) and links them to trend flips on the main chart. When both align within a short window, it flags a probable reversal caused by forced liquidations. The goal is to help traders identify exhaustion points where aggressive liquidation moves may mark the end of a trend leg.
🟠 CONCEPTS
The logic revolves around Z-score normalization of up and down volume to locate statistical extremes. When up-volume z-scores exceed a threshold during a bearish Supertrend, it implies trapped shorts being squeezed; the opposite applies for long liquidations. The script tracks these liquidation spikes and monitors whether a Supertrend regime change follows soon after. If confirmed within the allowed timeout, a colored signal marks the event.
In essence:
Z-score outliers = potential forced liquidations.
Supertrend = structural regime context.
Combined = statistically confirmed reversal signals, not random flips.
This pairing reduces false positives by ensuring that both volatility structure and order-flow extremes agree before flagging a reversal.
🟠 FEATURES
Z-score detection for liquidation spikes with adjustable lookback and threshold.
Confirmation logic linking liquidations to Supertrend flips.
Alerts for liquidation spikes and confirmed reversal starts.
On-chart “No Volume” warning to avoid misreads on illiquid assets.
🟠 USAGE
Setup : Add the script to your main chart. Choose a lower timeframe (default 15m) to capture more granular liquidation flows. Adjust Z-Score Length to control how far back the script measures normal behavior and Threshold to decide what counts as extreme. Keep Timeout Bars low (e.g. 20–50) for faster reversals, or higher for slower markets.
Read the chart :
• Circles appear below bars when long liquidations occur; above bars for short liquidations.
• A Supertrend flip with a recent liquidation spike will display an arrow and color shift.
• Fills between candles and trend lines show which side dominates: green for bullish reversal, red for bearish.
• Candle color fades based on the magnitude of liquidation pressure.
Settings that matter :
• Z-Score Length : Longer smooths noise but delays signal; shorter reacts faster.
• Z-Score Threshold : Higher means only extreme liquidations trigger; lower finds smaller squeezes.
• Timeout Bars : Defines how long after a liquidation the Supertrend flip remains valid.
• Lower Timeframe : Determines the precision of volume readings; too low may increase noise.
Advanced Multi-Timeframe Trend & Signal System═══════════════════════════════════════════════════════════════
ADVANCED MULTI-TIMEFRAME TREND & SIGNAL SYSTEM v1.0
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Created by: Zakaria Safri
License: Mozilla Public License 2.0
A comprehensive technical analysis tool designed for traders seeking
multi-dimensional market insights. This indicator combines proven
technical analysis methods with modern visualization techniques.
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KEY FEATURES
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✓ SUPERTREND SIGNAL GENERATION
- Customizable sensitivity settings
- Clear long/short entry signals
- Automatic trend direction detection
- ATR-based dynamic calculations
✓ MULTI-TIMEFRAME DASHBOARD
- Real-time trend analysis across 6 timeframes
- Synchronized trend confirmation
- Customizable table position and size
- Current: 1M, 5M, 15M, 1H, 1D coverage
✓ QQE REVERSAL DETECTION
- Quantitative Qualitative Estimation algorithm
- Early reversal signal identification
- Adjustable RSI and smoothing parameters
- Confirmation-based plotting
✓ DYNAMIC SUPPORT & RESISTANCE
- Pivot-based level calculation
- Quick and standard pivot detection
- Color-coded zones (8 levels)
- Automatic level updates
✓ MOMENTUM BREAKOUT SIGNALS
- Ichimoku-inspired calculations
- Bullish and bearish breakout detection
- Visual zone highlighting
- Trend confirmation filters
✓ RISK MANAGEMENT SYSTEM
- ATR-based stop loss calculation
- Multiple take profit targets (TP1, TP2, TP3)
- Customizable risk-to-reward ratios
- Dynamic price level tracking
- Hit detection markers
✓ VOLATILITY BANDS
- Keltner Channel implementation
- Multiple band layers (3 levels)
- EMA-based calculations
- Adaptive to market conditions
✓ TREND CLOUD VISUALIZATION
- Dual moving average cloud
- Clear trend direction indication
- Customizable color scheme
- Trend bar coloring
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HOW TO USE
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SETUP:
1. Add indicator to your chart
2. Configure sensitivity in Core Signals section
3. Enable desired features (signals, reversals, breakouts)
4. Set up risk management levels if trading
5. Position MTF dashboard to preference
SIGNAL INTERPRETATION:
• LONG Signal: Price crosses above Supertrend
• SHORT Signal: Price crosses below Supertrend
• REV (Reversal): QQE indicates potential trend change
• Diamond Breakouts: Momentum shift confirmation
• T1/T2/T3: Take profit level hits
MULTI-TIMEFRAME ANALYSIS:
• Green (BULL): Higher timeframe supports uptrend
• Red (BEAR): Higher timeframe supports downtrend
• Use for trend alignment and confirmation
• Best results when multiple timeframes align
RISK MANAGEMENT:
• Enable Stop Loss for automatic SL calculation
• Activate TP levels based on trading style
• Adjust Risk-to-Reward ratio (1:1 to 1:10)
• Monitor hit detection circles for exits
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TECHNICAL SPECIFICATIONS
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CALCULATIONS:
• Supertrend: ATR-based with customizable multiplier
• QQE: Modified RSI with Wilders smoothing
• Keltner Channels: EMA basis with ATR bands
• Pivots: Standard left/right bar methodology
• Support/Resistance: Multi-level pivot analysis
PARAMETERS:
• Supertrend Sensitivity: 0.5 to 10.0 (default: 2.0)
• RSI Period: 5 to 50 (default: 14)
• QQE Multiplier: 1.0 to 10.0 (default: 4.238)
• Risk-to-Reward: 1 to 10 (default: 4)
TIMEFRAMES:
Compatible with all timeframes. MTF dashboard displays:
• 1 Minute (1M)
• 5 Minutes (5M)
• 15 Minutes (15M)
• 1 Hour (1H)
• 1 Day (1D)
• Current chart timeframe
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CUSTOMIZATION OPTIONS
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VISUAL:
• Professional color scheme (Cyan/Orange)
• Adjustable table position (9 positions)
• Table size options (tiny/small/normal/large)
• Transparent zone highlighting
• Clean, modern label design
TOGGLES:
• Enable/disable any feature independently
• Show/hide signals, reversals, breakouts
• Toggle S/R levels and zones
• Control trend cloud and bands
• Master trend line optional
ALERTS:
The indicator provides visual signals that can be used with
TradingView's alert system by setting alerts on the indicator.
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BEST PRACTICES
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✓ Combine signals for higher probability setups
✓ Use MTF dashboard for trend confirmation
✓ Respect S/R levels for entry/exit planning
✓ Monitor QQE reversals at key price levels
✓ Adjust sensitivity based on asset volatility
✓ Test on demo/paper trading first
✓ Use proper risk management always
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IMPORTANT DISCLAIMER
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This indicator is a technical analysis tool and does NOT:
• Guarantee profitable trades
• Provide financial advice
• Predict future price movements with certainty
• Replace proper risk management
• Substitute for personal due diligence
Past performance does not indicate future results. All trading
involves risk. Users should:
- Understand the indicator's logic
- Test thoroughly before live trading
- Use appropriate position sizing
- Never risk more than they can afford to lose
- Consult financial advisors if needed
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CODING STANDARDS
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This indicator follows PineCoders Coding Conventions:
✓ Proper variable naming (prefixes: i_, f_, c_)
✓ Clear function documentation
✓ Organized code structure
✓ Type declarations
✓ Efficient calculations
✓ No repainting (confirmed signals)
✓ Proper use of request.security
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SUPPORT & UPDATES
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Version: 1.0
Author: Zakaria Safri
License: MPL 2.0
Last Updated: 2024
For questions, feedback, or suggestions, please comment below.
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#trading #signals #supertrend #multiTimeframe #QQE #reversals
#supportResistance #riskManagement #trendAnalysis #momentum
Codigo Trading 1.0📌Codigo Trading 1.0
This indicator strategically combines SuperTrend, multiple Exponential Moving Averages (EMAs), the Relative Strength Index (RSI), and the Average True Range (ATR) to offer clear entry and exit signals, as well as an in-depth view of market trends. Ideal for traders looking to optimize their operations with an all-in-one tool.
🔩How the Indicator Works:
This indicator relies on the interaction and confirmation of several key components to generate signals:
SuperTrend: Determines the primary trend direction. An uptrend SuperTrend signal (green line) indicates an upward trend, while a downtrend (red line) signals a downward trend. It also serves as a guide for setting Stop Loss and Take Profit levels.
EMAs: Includes EMAs of 10, 20, 55, 100, 200, and 325 periods. The relationship between the EMA 10 and EMA 20 is fundamental for confirming the strength and direction of movements. An EMA 10 above the EMA 20 suggests an uptrend, and vice versa. Longer EMAs act as dynamic support and resistance levels, offering a broader view of the market structure.
RSI: Used to identify overbought (RSI > 70/80) and oversold (RSI < 30/20) conditions, generating "Take Profit" alerts for potential trade closures.
ATR: Monitors market volatility to help you manage exits. ATR exit signals are triggered when volatility changes direction, indicating a possible exhaustion of the movement.
🗒️Entry and Exit Signals:
I designed specific alerts based on all the indicators I use in conjunction:
Long Entries: When SuperTrend is bullish and EMA 10 crosses above EMA 20.
Short Entries: When SuperTrend is bearish and EMA 10 crosses below EMA 20.
RSI Exits (Take Profit): Indicated by "TP" labels on the chart, when the RSI reaches extreme levels (overbought for longs, oversold for shorts).
EMA 20 Exits: When the price closes below EMA 20 (for longs) or above EMA 20 (for shorts).
ATR Exits: When the ATR changes direction, signaling a possible decrease in momentum.
📌Key Benefits:
Clarity in Trend: Quickly identifies market direction with SuperTrend and EMA alignment.
Strategic Entry and Exit Signals: Receive timely alerts to optimize your entry and exit points.
Assisted Trade Management: RSI and ATR help you consider when to take profits or exit a position.
Intuitive Visualization: Arrows, labels, and colored lines make analysis easy to interpret.
Disclaimer:
Trading in financial markets carries significant risks. This indicator is an analysis tool and should not be considered financial advice. Always conduct your own research and trade at your own risk.
TradeTale ScalperThis script explains how "Supertrend" along with ALMA & Simple Moving Average can be used to catch "HH-HL-LH-LL" with linear regression Candles.
Simple Moving Average (MA):-
A simple moving average (SMA) is used in technical analysis, used to help smooth out price data by creating a constantly updated average price. A rising moving average indicates that the security is in an uptrend, while a declining moving average indicates a downtrend.
Supertrend :-
A Super Trend is a trend following indicator similar to moving averages. It is comprise of just two parameters - period and multiplier. Average True Range (ATR) plays a key role in ‘Supertrend’ as the indicator uses ATR to compute its value and it signals the degree of price volatility.
Supertrend Calculations:-
Up = (high + low / 2 + multiplier x ATR
Down = (high + low) / 2 – multiplier x ATR
Calc of Average True Range = / 14
14 is period.
ATR is derived by multiplying the previous ATR with 13.
Add the latest TR and divide it by period.
ATR is important in supertrend.
ALMA:-
Arnaud Legoux Moving Average (ALMA) is a technical analysis indicator that calculates the average price of an asset over a specific period using Gaussian distribution function. It aims to provide a responsive and smooth moving average (MA) while reducing lag and noise.ALMA can be used for trend identification, trend reversal or dynamic support and resistance.
ALMA Calculations:-
ALMA = (Weighted Sum of Prices) / (Sum of Weight).
Weighted Sum of Prices:
- Each price within the selected period is multiplied by a specific weight.
- Weight is determined using a Gaussian function.
- Which assign higher weights to more recent prices and lower weights to older prices.
- That is why its more responsive to price changes
Sum of Weight:
- Add up all the weights using Gaussian function for each price within selected period.
Linear Regression Candles:-
open, high, low, and close values of Linear Regression Candles are adjusted as per Smoothed moving average. This adjustment not only highlights the trend more clearly but also colors the candles in green (for bullish) or red (for bearish) based on whether the close is above or below the open. The advantage of the Linear Regression Indicator over a normal moving average is that it has less lag than the moving average, responding quicker to changes in direction. The downside is that it is more prone to whipsaws.
HH-HL-LH-LL:-
Charts provide traders with a visual representation of the price action over a given period of time. To analyse these charts and make informed trading decisions, traders use various technical indicators, one of which is the concept of Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), and Lower Lows (LL). HH, HL, LH, and LL are terms used to describe the price action. They identify the direction of the trend and the potential reversal points. HH and HL are used to identify an uptrend, while LH and LL are used to identify a downtrend.
Logic of this indicator:-
HH & HL are used as Long signals when Supertrend is in Uptrend and is above ALMA & SMA. (also other calculations are used)
LL & LH are used as Short signals when Supertrend is in Downtrend and is below ALMA & SMA. (also other calculations are used)
How to Use:-
Long: when Long appears + Green Candles + price above White SMA Line. (Bullish Entry/ Bear Exit)
Short: when Short appears + Red Candles + price below White SMA Line. (Bearish Entry/ Bull Exit)
Chart Timeframe:-
This Indicator works on all timeframes.
Traders should set stop loss and take profit levels as per risk reward ratio.
Note:
- Hide the actual candles for better view from chart setting.
- you may select "Repaint" from indicator settings in which Long & Short signals will repaint as per the conditions/calculations or you may select "NonRepaint" from indicator settings in which the Long & Short signals will not be repainted.
Like other technical indicators, This indicator also is not a holy grail. It can only assist you in building a good strategy. You can only succeed with proper position sizing, risk management and following correct trading Psychology (No overtrade, No greed, No revenge trade etc).
THIS INDICATOR IS FOR EDUCATIONAL PURPOSE AND PAPER TRADING ONLY. YOU MAY PAPER TRADE TO GAIN CONFIDENCE AND BUILD FURTHER ON THESE. PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING. WE ARE NOT SEBI REGISTERED.
Hope you all like it
happy learning.
Rakesh's Ultimate Trading SystemKey Features:
1. Multi-Confirmation System
5 total signals working together:
MTF Supertrend (Monthly + Weekly + Daily alignment)
Ichimoku Cloud (Price vs Cloud + Tenkan/Kijun cross)
Gann HiLo Activator (Trend direction)
Darvas Box (Breakout/Breakdown)
Current timeframe Supertrend
2. Smart Signal Generation
You set minimum confirmations (1-5) needed for a signal
STRONG BUY = When X out of 5 indicators confirm bullish
STRONG SELL = When X out of 5 indicators confirm bearish
Shows confirmation count on each signal label (e.g., "4/5")
3. Comprehensive Dashboard
Shows real-time status of:
✓ Each indicator's current signal
✓ Overall market direction
✓ Bullish vs Bearish confirmation count
✓ Color-coded for quick decision making
4. All Indicators Plotted
Ichimoku Cloud - Green/Red cloud with Tenkan/Kijun lines
Gann HiLo - Dynamic support/resistance line
Darvas Box - Top and bottom box levels
Background colors - Show breakouts and overall trend
5. Built-in Alerts
Automatic alerts when strong buy/sell signals trigger
Shows how many confirmations fired
How to Use:
Conservative Trading (Recommended):
Set "Minimum Confirmations" to 4 or 5
Only trade when almost all indicators align
Fewer signals but higher probability
Moderate Trading:
Set to 3 confirmations
Balanced approach - good signals, not too rare
Aggressive Trading:
Set to 2 confirmations
More signals but require your own filtering
Customization Options:
All indicators can be toggled on/off:
Show/hide individual Supertrend timeframes
Show/hide Ichimoku Cloud
Show/hide Gann HiLo
Show/hide Darvas Box
Show/hide Dashboard
Adjustable parameters for each indicator:
Supertrend: ATR period, Factor
Ichimoku: Tenkan, Kijun, Senkou periods
Gann: HiLo period
Darvas: Box length
Trading Strategy Examples:
1. Ultra-Safe Entry:
Wait for 5/5 confirmations
Enter on next candle
Use Gann line as stop-loss
2. Breakout Trading:
Watch for Darvas Box breakout
Confirm with 3+ other indicators
Ride the trend
3. Trend Following:
MTF Supertrend shows main trend
Use Ichimoku cloud for support/resistance
Enter on Gann/Darvas confirmations
This is a professional-grade system, Rakesh! It filters out false signals by requiring multiple confirmations. Much more refined than single-indicator systems! 🚀
Want me to adjust anything or add more features?Ris this also for tradingviewYes, absolutely! This is 100% for TradingView, just like the first one!
How to Add This to TradingView:
Same steps as before:
Copy the code from the artifact above
Go to TradingView.com
Open Pine Editor (bottom of chart)
Click "Open" → "New blank indicator"
Paste the code
Click "Save" and name it (e.g., "Advanced MTF System")
Click "Add to Chart"
What You'll See on Your Chart:
✅ Ichimoku Cloud - Green/Red cloud visualization
✅ Gann HiLo Line - Green when bullish, Red when bearish
✅ Darvas Box - Box top and bottom levels
✅ Buy/Sell Labels - "STRONG BUY 4/5" or "STRONG SELL 3/5"
✅ Dashboard Table - Top right corner showing all indicator statuses
✅ Background colors - Subtle green/red when strong signals appear
It Works With:
✅ Stocks (NSE, BSE, US markets)
✅ Forex
✅ Crypto
✅ Commodities
✅ Indices (Nifty, Bank Nifty, etc.)
Settings Panel:
When you add it to chart, click the ⚙️ settings icon to customize:
Toggle indicators on/off
Adjust minimum confirmations (2, 3, 4, or 5)
Fine-tune each indicator's parameters
Luxy BIG beautiful Dynamic ORBThis is an advanced Opening Range Breakout (ORB) indicator that tracks price breakouts from the first 5, 15, 30, and 60 minutes of the trading session. It provides complete trade management including entry signals, stop-loss placement, take-profit targets, and position sizing calculations.
The ORB strategy is based on the concept that the opening range of a trading session often acts as support/resistance, and breakouts from this range tend to lead to significant moves.
What Makes This Different?
Most ORB indicators simply draw horizontal lines and leave you to figure out the rest. This indicator goes several steps further:
Multi-Stage Tracking
Instead of just one ORB timeframe, this tracks FOUR simultaneously (5min, 15min, 30min, 60min). Each stage builds on the previous one, giving you multiple trading opportunities throughout the session.
Active Trade Management
When a breakout occurs, the indicator automatically calculates and displays entry price, stop-loss, and multiple take-profit targets. These lines extend forward and update in real-time until the trade completes.
Cycle Detection
Unlike indicators that only show the first breakout, this tracks the complete cycle: Breakout → Retest → Re-breakout. You can see when price returns to test the ORB level after breaking out (potential re-entry).
Failed Breakout Warning
If price breaks out but quickly returns inside the range (within a few bars), the label changes to "FAILED BREAK" - warning you to exit or avoid the trade.
Position Sizing Calculator
Built-in risk management that tells you exactly how many shares to buy based on your account size and risk tolerance. No more guessing or manual calculations.
Advanced Filtering
Optional filters for volume confirmation, trend alignment, and Fair Value Gaps (FVG) to reduce false signals and improve win rate.
Core Features Explained
### 1. Multi-Stage ORB Levels
The indicator builds four separate Opening Range levels:
ORB 5 - First 5 minutes (fastest signals, most volatile)
ORB 15 - First 15 minutes (balanced, most popular)
ORB 30 - First 30 minutes (slower, more reliable)
ORB 60 - First 60 minutes (slowest, most confirmed)
Each level is drawn as a horizontal range on your chart. As time progresses, the ranges expand to include more price action. You can enable or disable any stage and assign custom colors to each.
How it works: During the opening minutes, the indicator tracks the highest high and lowest low. Once the time period completes, those levels become your ORB high and low for that stage.
### 2. Breakout Detection
When price closes outside the ORB range, a label appears:
BREAK UP (green label above price) - Price closed above ORB High
BREAK DOWN (red label below price) - Price closed below ORB Low
The label shows which ORB stage triggered (ORB5, ORB15, etc.) and the cycle number if tracking multiple breakouts.
Important: Signals appear on bar close only - no repainting. What you see is what you get.
### 3. Retest Detection
After price breaks out and moves away, if it returns to test the ORB level, a "RETEST" label appears (orange). This indicates:
The original breakout level is now acting as support/resistance
Potential re-entry opportunity if you missed the first breakout
Confirmation that the level is significant
The indicator requires price to move a minimum distance away before considering it a valid retest (configurable in settings).
### 4. Failed Breakout Detection
If price breaks out but returns inside the ORB range within a few bars (before the breakout is "committed"), the original label changes to "FAILED BREAK" in orange.
This warns you:
The breakout lacked conviction
Consider exiting if already in the trade
Wait for better setup
Committed Breakout: The indicator tracks how many bars price stays outside the range. Only after staying outside for the minimum number of bars does it become a committed breakout that can be retested.
### 5. TP/SL Lines (Trade Management)
When a breakout occurs, colored horizontal lines appear showing:
Entry Line (cyan for long, orange for short) - Your entry price (the ORB level)
Stop Loss Line (red) - Where to exit if trade goes against you
TP1, TP2, TP3 Lines (same color as entry) - Profit targets at 1R, 2R, 3R
These lines extend forward as new bars form, making it easy to track your trade. When a target is hit, the line turns green and the label shows a checkmark.
Lines freeze (stop updating) when:
Stop loss is hit
The final enabled take-profit is hit
End of trading session (optional setting)
### 6. Position Sizing Dashboard
The dashboard (bottom-left corner by default) shows real-time information:
Current ORB stage and range size
Breakout status (Inside Range / Break Up / Break Down)
Volume confirmation (if filter enabled)
Trend alignment (if filter enabled)
Entry and Stop Loss prices
All enabled Take Profit levels with percentages
Risk/Reward ratio
Position sizing: Max shares to buy and total risk amount
Position Sizing Example:
If your account is $25,000 and you risk 1% per trade ($250), and the distance from entry to stop loss is $0.50, the calculator shows you can buy 500 shares (250 / 0.50 = 500).
### 7. FVG Filter (Fair Value Gap)
Fair Value Gaps are price inefficiencies - gaps left by strong momentum where one candle's high doesn't overlap with a previous candle's low (or vice versa).
When enabled, this filter:
Detects bullish and bearish FVGs
Draws semi-transparent boxes around these gaps
Only allows breakout signals if there's an FVG near the breakout level
Why this helps: FVGs indicate institutional activity. Breakouts through FVGs tend to be stronger and more reliable.
Proximity setting: Controls how close the FVG must be to the ORB level. 2.0x means the breakout can be within 2 times the FVG size - a reasonable default.
### 8. Volume & Trend Filters
Volume Filter:
Requires current volume to be above average (customizable multiplier). High volume breakouts are more likely to sustain.
Set minimum multiplier (e.g., 1.5x = 50% above average)
Set "strong volume" multiplier (e.g., 2.5x) that bypasses other filters
Dashboard shows current volume ratio
Trend Filter:
Only shows breakouts aligned with a higher timeframe trend. Choose from:
VWAP - Price above/below volume-weighted average
EMA - Price above/below exponential moving average
SuperTrend - ATR-based trend indicator
Combined modes (VWAP+EMA, VWAP+SuperTrend) for stricter filtering
### 9. Pullback Filter (Advanced)
Purpose:
Waits for price to pull back slightly after initial breakout before confirming the signal.
This reduces false breakouts from immediate reversals.
How it works:
- After breakout is detected, indicator waits for a small pullback (default 2%)
- Once pullback occurs AND price breaks out again, signal is confirmed
- If no pullback within timeout period (5 bars), signal is issued anyway
Settings:
Enable Pullback Filter: Turn this filter on/off
Pullback %: How much price must pull back (2% is balanced)
Timeout (bars): Max bars to wait for pullback (5 is standard)
When to use:
- Choppy markets with many fake breakouts
- When you want higher quality signals
- Combine with Volume filter for maximum confirmation
Trade-off:
- Better signal quality
- May miss some valid fast moves
- Slight entry delay
How to Use This Indicator
### For Beginners - Simple Setup
Add the indicator to your chart (5-minute or 15-minute timeframe recommended)
Leave all default settings - they work well for most stocks
Watch for BREAK UP or BREAK DOWN labels to appear
Check the dashboard for entry, stop loss, and targets
Use the position sizing to determine how many shares to buy
Basic Trading Plan:
Wait for a clear breakout label
Enter at the ORB level (or next candle open if you're late)
Place stop loss where the red line indicates
Take profit at TP1 (50% of position) and TP2 (remaining 50%)
### For Advanced Traders - Customized Setup
Choose which ORB stages to track (you might only want ORB15 and ORB30)
Enable filters: Volume (stocks) or Trend (trending markets)
Enable FVG filter for institutional confirmation
Set "Track Cycles" mode to catch retests and re-breakouts
Customize stop loss method (ATR for volatile stocks, ORB% for stable ones)
Adjust risk per trade and account size for accurate position sizing
Advanced Strategy Example:
Enable ORB15 only (disable others for cleaner chart)
Turn on Volume filter at 1.5x with Strong at 2.5x
Enable Trend filter using VWAP
Set Signal Mode to "Track Cycles" with Max 3 cycles
Wait for aligned breakouts (Volume + Trend + Direction)
Enter on retest if you missed the initial break
### Timeframe Recommendations
5-minute chart: Scalping, very active trading, crypto
15-minute chart: Day trading, balanced approach (most popular)
30-minute chart: Swing entries, less screen time
60-minute chart: Position trading, longer holds
The indicator works on any intraday timeframe, but ORB is fundamentally a day trading strategy. Daily charts don't make sense for ORB.
DEFAULT CONFIGURATION
ON by Default:
• All 4 ORB stages (5/15/30/60)
• Breakout Detection
• Retest Labels
• All TP levels (1/1.5/2/3)
• TP/SL Lines (Detailed mode)
• Dashboard (Bottom Left, Dark theme)
• Position Size Calculator
OFF by Default (Optional Filters):
• FVG Filter
• Pullback Filter
• Volume Filter
• Trend Filter
• HTF Bias Check
• Alerts
Recommended for Beginners:
• Leave all defaults
• Session Mode: Auto-Detect
• Signal Mode: Track Cycles
• Stop Method: ATR
• Add Volume Filter if trading stocks
Recommended for Advanced:
• Enable ORB15 + ORB30 only (disable 5 & 60)
• Enable: Volume + Trend + FVG
• Signal Mode: Track Cycles, Max 3
• Stop Method: ATR or Safer
• Enable HTF Daily bias check
## Settings Guide
The settings are organized into logical groups. Here's what each section controls:
### ORB COLORS Section
Show Edge Labels: Display "ORB 5", "ORB 15" labels at the right edge of the levels
Background: Fill the area between ORB high/low with color
Transparency: How see-through the background is (95% is nearly invisible)
Enable ORB 5/15/30/60: Turn each stage on or off individually
Colors: Assign colors to each ORB stage for easy identification
### SESSION SETTINGS Section
Session Mode: Choose trading session (Auto-Detect works for most instruments)
Custom Session Hours: Define your own hours if needed (format: HHMM-HHMM)
Auto-Detect uses the instrument's natural hours (stocks use exchange hours, crypto uses 24/7).
### BREAKOUT DETECTION Section
Enable Breakout Detection: Master switch for signals
Show Retest Labels: Display retest signals
Label Size: Visual size for all labels (Small recommended)
Enable FVG Filter: Require Fair Value Gap confirmation
Show FVG Boxes: Display the gap boxes on chart
Signal Mode: "First Only" = one signal per direction per day, "Track Cycles" = multiple signals
Max Cycles: How many breakout-retest cycles to track (6 is balanced)
Breakout Buffer: Extra distance required beyond ORB level (0.1-0.2% recommended)
Min Distance for Retest: How far price must move away before retest is valid (2% recommended)
Min Bars Outside ORB: Bars price must stay outside for committed breakout (2 is balanced)
### TARGETS & RISK Section
Enable Targets & Stop-Loss: Calculate and show trade management
TP1/TP2/TP3 checkboxes: Select which profit targets to display
Stop Method: How to calculate stop loss placement
- ATR: Based on volatility (best for most cases)
- ORB %: Fixed % of ORB range
- Swing: Recent swing high/low
- Safer: Widest of all methods
ATR Length & Multiplier: Controls ATR stop distance (14 period, 1.5x is standard)
ORB Stop %: Percentage beyond ORB for stop (20% is balanced)
Swing Bars: Lookback period for swing high/low (3 is recent)
### TP/SL LINES Section
Show TP/SL Lines: Display horizontal lines on chart
Label Format: "Short" = minimal text, "Detailed" = shows prices
Freeze Lines at EOD: Stop extending lines at session close
### DASHBOARD Section
Show Info Panel: Display the metrics dashboard
Theme: Dark or Light colors
Position: Where to place dashboard on chart
Toggle rows: Show/hide specific information rows
Calculate Position Size: Enable the position sizing calculator
Risk Mode: Risk fixed $ amount or % of account
Account Size: Your total trading capital
Risk %: Percentage to risk per trade (0.5-1% recommended)
### VOLUME FILTER Section
Enable Volume Filter: Require volume confirmation
MA Length: Average period (20 is standard)
Min Volume: Required multiplier (1.5x = 50% above average)
Strong Volume: Multiplier that bypasses other filters (2.5x)
### TREND FILTER Section
Enable Trend Filter: Require trend alignment
Trend Mode: Method to determine trend (VWAP is simple and effective)
Custom EMA Length: If using EMA mode (50 for swing, 20 for day trading)
SuperTrend settings: Period and Multiplier if using SuperTrend mode
### HIGHER TIMEFRAME Section
Check Daily Trend: Display higher timeframe bias in dashboard
Timeframe: What TF to check (D = daily, recommended)
Method: Price vs MA (stable) or Candle Direction (reactive)
MA Period: EMA length for Price vs MA method (20 is balanced)
Min Strength %: Minimum strength threshold for HTF bias to be considered
- For "Price vs MA": Minimum distance (%) from moving average
- For "Candle Direction": Minimum candle body size (%)
- 0.5% is balanced - increase for stricter filtering
- Lower values = more signals, higher values = only strong trends
### ALERTS Section
Enable Alerts: Master switch (must be ON to use any alerts)
Breakout Alerts: Notify on ORB breakouts
Retest Alerts: Notify when price retests after breakout
Failed Break Alerts: Notify on failed breakouts
Stage Complete Alerts: Notify when each ORB stage finishes forming
After enabling desired alert types, click "Create Alert" button, select this indicator, choose "Any alert() function call".
## Tips & Best Practices
### General Trading Tips
ORB works best on liquid instruments (stocks with good volume, major crypto pairs)
First hour of the session is most important - that's when ORB is forming
Breakouts WITH the trend have higher success rates - use the trend filter
Failed breakouts are common - use the "Min Bars Outside" setting to filter weak moves
Not every day produces good ORB setups - be patient and selective
### Position Sizing Best Practices
Never risk more than 1-2% of your account on a single trade
Use the built-in calculator - don't guess your position size
Update your account size monthly as it grows
Smaller accounts: use $ Amount mode for simplicity
Larger accounts: use % of Account mode for scaling
### Take Profit Strategy
Most traders use: 50% at TP1, 50% at TP2
Aggressive: Hold through TP1 for TP2 or TP3
Conservative: Full exit at TP1 (1:1 risk/reward)
After TP1 hits, consider moving stop to breakeven
TP3 rarely hits - only on strong trending days
### Filter Combinations
Maximum Quality: Volume + Trend + FVG (fewest signals, highest quality)
Balanced: Volume + Trend (good quality, reasonable frequency)
Active Trading: No filters or Volume only (many signals, lower quality)
Trending Markets: Trend filter essential (indices, crypto)
Range-Bound: Volume + FVG (avoid trend filter)
### Common Mistakes to Avoid
Chasing breakouts - wait for the bar to close, don't FOMO into wicks
Ignoring the stop loss - always use it, move it manually if needed
Over-leveraging - the calculator shows MAX shares, you can buy less
Trading every signal - quality > quantity, use filters
Not tracking results - keep a journal to see what works for YOU
## Pros and Cons
### Advantages
Complete all-in-one solution - from signal to position sizing
Multiple timeframes tracked simultaneously
Visual clarity - easy to see what's happening
Cycle tracking catches opportunities others miss
Built-in risk management eliminates guesswork
Customizable filters for different trading styles
No repainting - what you see is locked in
Works across multiple markets (stocks, forex, crypto)
### Limitations
Intraday strategy only - doesn't work on daily charts
Requires active monitoring during first 1-2 hours of session
Not suitable for after-hours or extended sessions by default
Can produce many signals in choppy markets (use filters)
Dashboard can be overwhelming for complete beginners
Performance depends on market conditions (trends vs ranges)
Requires understanding of risk management concepts
### Best For
Day traders who can watch the first 1-2 hours of market open
Traders who want systematic entry/exit rules
Those learning proper position sizing and risk management
Active traders comfortable with multiple signals per day
Anyone trading liquid instruments with clear sessions
### Not Ideal For
Swing traders holding multi-day positions
Set-and-forget / passive investors
Traders who can't watch market open
Complete beginners unfamiliar with trading concepts
Low volume / illiquid instruments
## Frequently Asked Questions
Q: Why are no signals appearing?
A: Check that you're on an intraday timeframe (5min, 15min, etc.) and that the current time is within your session hours. Also verify that "Enable Breakout Detection" is ON and at least one ORB stage is enabled. If using filters, they might be blocking signals - try disabling them temporarily.
Q: What's the best ORB stage to use?
A: ORB15 (15 minutes) is most popular and balanced. ORB5 gives faster signals but more noise. ORB30 and ORB60 are slower but more reliable. Many traders use ORB15 + ORB30 together.
Q: Should I enable all the filters?
A: Start with no filters to see all signals. If too many false signals, add Volume filter first (stocks) or Trend filter (trending markets). FVG filter is most restrictive - use for maximum quality but fewer signals.
Q: How do I know which stop loss method to use?
A: ATR works for most cases - it adapts to volatility. Use ORB% if you want predictable stop placement. Swing is for respecting chart structure. Safer gives you the most room but largest risk.
Q: Can I use this for swing trading?
A: Not really - ORB is fundamentally an intraday strategy. The ranges reset each day. For swing trading, look at weekly support/resistance or moving averages instead.
Q: Why do TP/SL lines disappear sometimes?
A: Lines freeze (stop extending) when: stop loss is hit, the last enabled take-profit is hit, or end of session arrives (if "Freeze at EOD" is enabled). This is intentional - the trade is complete.
Q: What's the difference between "First Only" and "Track Cycles"?
A: "First Only" shows one breakout UP and one DOWN per day maximum - clean but might miss opportunities. "Track Cycles" shows breakout-retest-rebreak sequences - more signals but busier chart.
Q: Is position sizing accurate for options/forex?
A: The calculator is designed for shares (stocks). For options, ignore the share count and use the risk amount. For forex, you'll need to adapt the lot size calculation manually.
Q: How much capital do I need to use this?
A: The indicator works for any account size, but practical day trading typically requires $25,000 in the US due to Pattern Day Trader rules. Adjust the "Account Size" setting to match your capital.
Q: Can I backtest this strategy?
A: This is an indicator, not a strategy script, so it doesn't have built-in backtesting. You can visually review historical signals or code a strategy script using similar logic.
Q: Why does the dashboard show different entry price than the breakout label?
A: If you're looking at an old breakout, the ORB levels may have changed when the next stage completed. The dashboard always shows the CURRENT active range and trade setup.
Q: What's a good win rate to expect?
A: ORB strategies typically see 40-60% win rate depending on market conditions and filters used. The strategy relies on positive risk/reward ratios (2:1 or better) to be profitable even with moderate win rates.
Q: Does this work on crypto?
A: Yes, but crypto trades 24/7 so you need to define what "session start" means. Use Session Mode = Custom and set your preferred daily reset time (e.g., 0000-2359 UTC).
## Credits & Transparency
### Development
This indicator was developed with the assistance of AI technology to implement complex ORB trading logic.
The strategy concept, feature specifications, and trading logic were designed by the publisher. The implementation leverages modern development tools to ensure:
Clean, efficient, and maintainable code
Comprehensive error handling and input validation
Detailed documentation and user guidance
Performance optimization
### Trading Concepts
This indicator implements several public domain trading concepts:
Opening Range Breakout (ORB): Trading strategy popularized by Toby Crabel, Mark Fisher and many more talanted traders.
Fair Value Gap (FVG): Price imbalance concept from ICT methodology
SuperTrend: ATR-based trend indicator using public formula
Risk/Reward Ratio: Standard risk management principle
All mathematical formulas and technical concepts used are in the public domain.
### Pine Script
Uses standard TradingView built-in functions:
ta.ema(), ta.atr(), ta.vwap(), ta.highest(), ta.lowest(), request.security()
No external libraries or proprietary code from other authors.
## Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice.
Trading involves substantial risk of loss and is not suitable for every investor. Past performance shown in examples is not indicative of future results.
The indicator provides signals and calculations, but trading decisions are solely your responsibility. Always:
Test strategies on paper before using real money
Never risk more than you can afford to lose
Understand that all trading involves risk
Consider seeking advice from a licensed financial advisor
The publisher makes no guarantees regarding accuracy, profitability, or performance. Use at your own risk.
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Version: 3.0
Pine Script Version: v6
Last Updated: October 2024
For support, questions, or suggestions, please comment below or send a private message.
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Happy trading, and remember: consistent risk management beats perfect entry timing every time.
Adaptive On Balance Volume with Trend█ Introduction
The Adaptive On Balance Volume (AOBV) indicator enhances the traditional On Balance Volume (OBV) by introducing adaptability, volatility detection, and trend analysis. It helps traders identify the direction of volume flow, assess volume momentum, and spot potential reversals in the market.
Detecting market tops and bottoms is crucial for making informed trading decisions. The AOBV indicator offers a method for identifying these points by using an adaptive volatility detection function that highlights potential volume peaks or climaxes, suggesting when a price top or bottom may be forming.
█ Understanding the AOBV
Note: Details on how calculations are conducted can be found at the end of this script description.
1. The Basics of the AOBV Function:
• Adaptive Momentum Calculation: Instead of using a fixed momentum formula, the AOBV uses the original formula for basic momentum and enhances it based on relative strength and applies an adaptive smoothing function.
• Dynamic Smoothing:
• Strong Momentum: When the AOBV detects significant changes (strong momentum), it reduces smoothing. This makes the indicator more responsive to major market movements.
• Weak Momentum: When momentum is weak (small changes), it increases smoothing to filter out market noise.
This adaptability allows the AOBV to more accurately reflect volume momentum, responding promptly during significant market moves and remaining stable during quieter periods.
To determine the trend direction (bullish or bearish), the indicator calculates a signal curve and displays the difference as bars:
• Bar Above the Middle Line: Indicates a bullish trend.
• Bar Below the Middle Line: Indicates a bearish trend.
2. Volatility Function:
The volatility function measures how much the AOBV deviates from its average by comparing it to its smoothed version. It calculates the exponential standard deviation to estimate volatility.
• Purpose: Identifies when volume momentum is near a climax or when a trend is nearing exhaustion.
• How It Works:
• Compares current volatility to previous bars.
• Computes a percentage indicating how often the current volatility is higher than past values.
• If this percentage exceeds a defined threshold, it signals a significant volatility event by plotting a dot above or below the bar.
This pattern typically manifests itself during strong runs on price followed by a period of consolidation. Thus, estimating volatility would be an acceptable measure of when a market is reaching or nearing an implied top or bottom.
3. The Trend Function:
The trend function combines several common indicators to gauge buildup toward a reversal or a continuation of a trend when the AOBV changes direction.
• Components:
• AOBV Strength Percentage: Calculates the percentage change in the AOBV to gauge its strength and direction.
• Supertrend Indicator: Acts as the main driver for trend buildup.
• Vertical Horizontal Filter (VHF): Measures market consolidation, adjusting the trend strength accordingly.
• Adaptive RSI: Further refines the trend strength based on volume momentum.
• Trend Ranking:
• Assigns a trend rank to the AOBV that reflects both market direction and momentum.
• Colors are used to represent different trend strengths: Strong Bullish, Bullish, Strong Bearish, and Bearish.
█ How to Use the AOBV
• Above the Middle Line: Suggests a bullish trend.
• Below the Middle Line: Suggests a bearish trend
• The Volatility dots:
• Indicate strong momentum relative to previous bars.
• Signal that the trend may be nearing a climax or exhaustion.
• Can imply a potential market top or bottom.
• Consolidation can be detected by visually comparing current bars to previous ones. This should be obvious since, and as described, the AOBV bars represent volume momentum.
• The trend function is used to gauge the likelihood of a reversal or a continuation of a trend; trend is represented with several colors: strong bullish trend, bullish trend, strong bearish trend, and finally simply a bearish trend.
It is important to understand that this trend function is not the typical trend function found on other technical indicators. It must be viewed within the context of the AOBV momentum. For example, if AOBV is exerting a bullish trend (bars above middle line), then a bearish trend with no major change in momentum and no volatility indication could mean a false reversal. Conversely, a large charge in AOBV could be a strong indication of a market reversal.
█ Key Features
• Two Display Modes: Curve and Bars:
The Adaptive OBV can be viewed in two different display modes: Curve and Bars Mode. "Curve Mode" offers the classic OBV representation (but as AOBV) with trend, while "Bars Mode" incorporates volatility detection and trend, making it the recommended mode.
• Volatility Function:
• Dots appear above or below the volume bars when significant volatility events are detected.
• The sensitivity can be adjusted by changing the percentage threshold.
• Trend Analysis:
• Helps gauge the likelihood of a trend continuation or reversal.
• Uses color-coded trend ranks for easy interpretation.
• Flexible Lookback Period:
Lookback periods for the main AOBV, its signal line, trend function, and volatility function can be customized.
• Recommendations:
• Match the main lookback period with the volatility period: Ensures consistency in momentum and volatility measurements.
• Match the trend lookback period with the signal AOBV lookback period: Aligns trend analysis with the underlying momentum signals.
Below is a sample demonstrating the utility on a 1- minute chart.
█ Calculation Details:
• AOBV Calculations
The AOBV differs the traditional OBV by focusing on the differences in OBV values rather than absolute price movements. Initially, it calculates the standard OBV by accumulating volume based on whether the closing price is higher or lower than the previous close. Next, it computes the difference between the current OBV and the previous OBV to measure changes in volume momentum. It calculates the average net change and average total change of these OBV differences over a specified period using a selected averaging method (e.g., EMA, SMA). By dividing the average net change by the average total change, it obtains a change ratio that reflects the strength and direction of volume momentum.
This change ratio is then scaled to an RSI-like value between 0 and 100, which is used to derive an adaptive smoothing factor (alpha). The alpha adjusts dynamically—when the change ratio indicates strong momentum, alpha increases, making the indicator more responsive to recent changes; when momentum is weak, alpha decreases, increasing smoothing to filter out noise.
The adaptive OBV is calculated by applying this alpha to combine the current OBV and the previous adaptive OBV value. This adaptive smoothing allows the indicator to adjust its sensitivity based on market conditions, becoming more responsive during strong momentum and more stable during weak momentum.
A smoothed OBV signal line is also computed using weighted moving averages for comparison. By analyzing the difference between the adaptive OBV and this smoothed signal line, the indicator identifies bullish or bearish trends. Positive differences suggest bullish momentum (bars above the middle line), while negative differences indicate bearish momentum (bars below the middle line).
• Volatility Calculations
The volatility function in the AOBV indicator identifies significant changes in volume momentum by estimating the variability of recent momentum shifts. It begins by calculating the difference between the AOBV and its smoothed signal line, capturing the current change in volume momentum. To assess volatility, the function employs exponential smoothing to compute adaptive averages of both the volume and the squared volume over a specified lookback period. By combining these averages, it estimates the current standard deviation of the volume momentum changes, effectively measuring how much the momentum deviates from its average level.
This estimated volatility is then compared to historical volatility values over the lookback period to determine how frequently the current volatility exceeds past levels. If the proportion of times the current volatility is higher than previous values and it surpasses a user-defined threshold, it signals a significant volatility event, indicating a potential volume climax
• Trend Calculations
As outlined earlier in description, the trend function is composed of several components:
The Supertrend indicator calculates dynamic support and resistance levels based on price movements and volatility using the Average True Range. It assesses whether the closing price is above or below these levels to determine the primary trend direction. If the price is above the Supertrend line: The market is considered to be in an uptrend. If the price is below the Supertrend line: The market is considered to be in a downtrend.
The Vertical Horizontal Filter measures the strength of the trend by comparing the price range over a period to the sum of absolute price changes. It does this by comparing the difference between the highest and lowest prices over a given period (the "vertical" movement) to the sum of the absolute differences between consecutive prices (the "horizontal" movement). A higher VHF value indicates a stronger, more directional trend, while a lower value suggests that the market is moving sideways without a clear trend.. If the VHF detects consolidation, it downgrades the trend strength indicated by the Supertrend. This prevents the trend function from overemphasizing the Supertrend's signals when the market lacks clear direction.
The Adaptive RSI Analyzes recent changes in the AOBV to identify whether volume momentum is strengthening or weakening (based on the volume percent change) correlating price movement with volume momentum. It only upgrades or downgrades on a bar by bar basis if price movement is correlating with percent change. This acts as a corrective measure against the VHF since quiet periods (consolidation) can occur between strong moves. The alpha generated from the adaptive function is the same as the one generated with the AOBV calculations.
█ Disclaimer
This script is provided for educational and informational purposes only and should not be considered financial advice. Trading financial instruments carries a high level of risk and may not be suitable for all investors. Before using this script, please consult with a qualified financial advisor to ensure it aligns with your individual circumstances. The author does not guarantee the accuracy or completeness of the script and is not responsible for any losses or damages that may occur from its use. Use this script at your own risk.
Madrid Ribbon with ST/TEMA FilterHow the Combination Works
The script is combined by:
Porting to Pine Script v6: The Madrid Ribbon code was updated from v4 to v6 syntax (mainly changing study() to indicator(), change() to ta.change(), and using ta. prefixes for built-in functions like ema and sma).
Integrating SuperTrend Logic: The full calculation for the Zero-lag TEMA filtered SuperTrend's final_trend was copied into the combined script. This logic determines if the market is in a confirmed 1 (Uptrend) or -1 (Downtrend) based on the combined signal of the TEMA cross and the SuperTrend.
Filtering the Ribbon Color: The Madrid Ribbon's custom coloring function, maColor, was modified to include the final_trend as a filter:
If i_st_enabled is true, the original Madrid Ribbon color (LIME/GREEN for bullish, RUBI/MAROON for bearish) is only displayed if the final_trend confirms that direction.
If the final_trend is neutral or contradicts the ribbon's direction, the MA is colored GRAY.
Input Simplification: The numerous input options for the SuperTrend's source and MA type were simplified to use close and EMA by default to avoid excessive complexity, but the main parameters like TEMA periods, ATR Multiplier, and MA length were kept as inputs.
This results in a Madrid Ribbon that only shows its standard color signals when the longer-term, double-filtered SuperTrend confirms the same trend.
QuantumFlow MTF SystemQuantumFlow MTF System © 2025
Multi-Timeframe Directional Flow & Volatility Alignment Engine
QuantumFlow MTF System is designed to synchronize volatility- and trend-based signals from multiple timeframes into a single, structured view of market flow.
Concept
The system evaluates confirmed Supertrend directions from several lower timeframes, then aggregates them into normalized bullish/bearish values. These values are combined with dual-layer EMA momentum filters to verify directional strength. The resulting matrix provides a precise snapshot of alignment across short- to medium-term market structures.
Unlike classical ATR-based systems, QuantumFlow employs multiple ATR layers with multiple deviation factors that have been extensively tested over the years.
This multi-ATR framework acts as an adaptive volatility filter, allowing each asset class to respond dynamically to its intrinsic volatility profile.
The result is a robust and consistent analytical engine capable of adapting to varying market conditions across assets and timeframes.
How It Works
- Confirmed Multi-Timeframe Supertrend:
Each timeframe calculates a close-confirmed Supertrend direction, preventing repainting and ensuring signal reliability.
- Multi-ATR Volatility Model:
Several ATR instances with distinct deviation multipliers define volatility thresholds that adjust sensitivity across market conditions.
- Dual EMA Structure:
Two independent EMA layers act as momentum validators to confirm or filter each Supertrend direction.
- Flow Totals Engine:
The script sums all directional states into a real-time ratio of bullish vs bearish conditions, visualized through color-coded totals.
- Adaptive Alerts:
Optional thresholds allow traders to receive alerts when directional imbalance reaches predefined intensity levels.
Use Cases
- Identify when multiple timeframes align in the same trend direction.
- Quantify the relative dominance of bullish or bearish pressure.
- Filter trades using adaptive multi-ATR volatility filters per asset type.
- Confirm entries by validating multi-timeframe directional consensus.
Chart Display
QuantumFlow displays a structured table showing the state of each analyzed timeframe and the current flow balance. Works seamlessly on any instrument and timeframe.
This invite-only indicator provides a systematic way to analyze directional flow alignment using a multi-ATR volatility engine combined with momentum synchronization across multiple timeframes.
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Author’s Instructions:
To request access, please contact the author privately through the TradingView profile.
Ichimoku + Multi-Trend DashboardIchimoku + Multi-Trend Dashboard
A professional multi-indicator trend analyzer that fuses Ichimoku Cloud with volume, momentum, and price-based confirmations — all visualized in a dynamic dashboard.
🔍 Overview
The OSPL Ichimoku + Multi-Trend Dashboard is a comprehensive market-structure and momentum visualization tool built for serious traders who value clarity, precision, and confirmation.
It combines the powerful Ichimoku Cloud system with VWMA, SuperTrend, RSI, and VWAP to provide a 360-degree view of market direction, trend strength, and trade zones.
This indicator allows traders to instantly read multi-indicator alignment through a color-coded dashboard, helping filter out noise and improve timing for entries and exits.
⚙️ Core Features
🟢 1. Ichimoku Cloud Framework
Displays all major Ichimoku elements: Tenkan-Sen, Kijun-Sen, Senkou Span A & B (Kumo Cloud).
Detects Bullish and Bearish Tenkan-Kijun Crossovers.
Identifies Cloud Trend Bias (price above, below, or inside the Kumo).
Marks Buy / Sell / Wait Zones automatically based on price structure and line alignment.
⚡ 2. Multi-Indicator Confirmation Layer
Enhance trend validation using:
VWMA (Volume-Weighted Moving Average): Measures volume-driven price trend.
SuperTrend: Uses ATR to confirm trend direction and detect reversals.
RSI (Relative Strength Index): Gauges market momentum — above 50 indicates bullish bias, below 50 bearish.
VWAP (Volume-Weighted Average Price): Tracks institutional and fair value price zones.
Each of these indicators contributes to a synchronized dashboard view that instantly reveals market bias.
📊 3. Interactive Dashboard Display
Clean, modern bottom-right table summarizing indicator values and their current trend status.
Color-coded trend map:
🟢 Green = Bullish 🔴 Red = Bearish 🟡 Yellow = Neutral / Wait
Quick visual reference — ideal for active traders who rely on multiple confirmations before taking trades.
🌥 4. Kumo Visualization
Smoothly shaded Ichimoku Cloud fill highlights dominant market phase (bullish or bearish).
Dynamic transition coloring enhances visibility of potential breakouts or reversals.
🎯 How to Use
Use the dashboard as a trend alignment and confirmation tool:
Bullish Confluence Example:
Price above Kumo Cloud
Tenkan-Sen > Kijun-Sen
RSI > 50
SuperTrend below price
VWMA and VWAP trending upward
Bearish Confluence Example:
Price below Kumo Cloud
Tenkan-Sen < Kijun-Sen
RSI < 50
SuperTrend above price
VWMA and VWAP trending downward
When most indicators align in the same direction, the system provides high-probability trade zones.
It can be used across all timeframes, from intraday scalping to multi-day swing trading.
🧩 Why Use This Indicator
✅ Filters false signals by combining multiple trend tools.
✅ Eliminates the need to switch between multiple indicators.
✅ Offers an at-a-glance visual assessment of overall market bias.
✅ Adaptable to any asset: stocks, indices, forex, commodities, or crypto.
✅ Ideal for traders using trend-following, momentum, or confirmation-based strategies.
🧠 Professional Tips
Combine the dashboard signals with price action and volume breakouts for enhanced accuracy.
Use higher timeframe Ichimoku structure as a directional filter (e.g., check the 1-hour trend while trading on 15-minute).
Apply ATR-based stop loss and multi-timeframe confluence to further strengthen entries.
Works exceptionally well with Heikin Ashi candles for smoother visual trends.
💡 Suggested Use Cases
Intraday & Swing Trading
Trend Continuation & Reversal Identification
Multi-Indicator Confirmation System
Dashboard-Style Strategy Testing and Backtesting
⚠️ Disclaimer
This indicator is designed for educational and analytical purposes only.
It is not financial advice and does not guarantee profitability.
Always perform independent analysis and apply prudent risk management before executing trades.
OSPL Ichimoku + Multi-Trend DashboardOSPL Ichimoku + Multi-Trend Dashboard
A professional multi-indicator trend analyzer that fuses Ichimoku Cloud with volume, momentum, and price-based confirmations — all visualized in a dynamic dashboard.
🔍 Overview
The OSPL Ichimoku + Multi-Trend Dashboard is a comprehensive market-structure and momentum visualization tool built for serious traders who value clarity, precision, and confirmation.
It combines the powerful Ichimoku Cloud system with VWMA, SuperTrend, RSI, and VWAP to provide a 360-degree view of market direction, trend strength, and trade zones.
This indicator allows traders to instantly read multi-indicator alignment through a color-coded dashboard, helping filter out noise and improve timing for entries and exits.
⚙️ Core Features
🟢 1. Ichimoku Cloud Framework
Displays all major Ichimoku elements: Tenkan-Sen, Kijun-Sen, Senkou Span A & B (Kumo Cloud).
Detects Bullish and Bearish Tenkan-Kijun Crossovers.
Identifies Cloud Trend Bias (price above, below, or inside the Kumo).
Marks Buy / Sell / Wait Zones automatically based on price structure and line alignment.
⚡ 2. Multi-Indicator Confirmation Layer
Enhance trend validation using:
VWMA (Volume-Weighted Moving Average): Measures volume-driven price trend.
SuperTrend: Uses ATR to confirm trend direction and detect reversals.
RSI (Relative Strength Index): Gauges market momentum — above 50 indicates bullish bias, below 50 bearish.
VWAP (Volume-Weighted Average Price): Tracks institutional and fair value price zones.
Each of these indicators contributes to a synchronized dashboard view that instantly reveals market bias.
📊 3. Interactive Dashboard Display
Clean, modern bottom-right table summarizing indicator values and their current trend status.
Color-coded trend map:
🟢 Green = Bullish 🔴 Red = Bearish 🟡 Yellow = Neutral / Wait
Quick visual reference — ideal for active traders who rely on multiple confirmations before taking trades.
🌥 4. Kumo Visualization
Smoothly shaded Ichimoku Cloud fill highlights dominant market phase (bullish or bearish).
Dynamic transition coloring enhances visibility of potential breakouts or reversals.
🎯 How to Use
Use the dashboard as a trend alignment and confirmation tool:
Bullish Confluence Example:
Price above Kumo Cloud
Tenkan-Sen > Kijun-Sen
RSI > 50
SuperTrend below price
VWMA and VWAP trending upward
Bearish Confluence Example:
Price below Kumo Cloud
Tenkan-Sen < Kijun-Sen
RSI < 50
SuperTrend above price
VWMA and VWAP trending downward
When most indicators align in the same direction, the system provides high-probability trade zones.
It can be used across all timeframes, from intraday scalping to multi-day swing trading.
🧩 Why Use This Indicator
✅ Filters false signals by combining multiple trend tools.
✅ Eliminates the need to switch between multiple indicators.
✅ Offers an at-a-glance visual assessment of overall market bias.
✅ Adaptable to any asset: stocks, indices, forex, commodities, or crypto.
✅ Ideal for traders using trend-following, momentum, or confirmation-based strategies.
🧠 Professional Tips
Combine the dashboard signals with price action and volume breakouts for enhanced accuracy.
Use higher timeframe Ichimoku structure as a directional filter (e.g., check the 1-hour trend while trading on 15-minute).
Apply ATR-based stop loss and multi-timeframe confluence to further strengthen entries.
Works exceptionally well with Heikin Ashi candles for smoother visual trends.
💡 Suggested Use Cases
Intraday & Swing Trading
Trend Continuation & Reversal Identification
Multi-Indicator Confirmation System
Dashboard-Style Strategy Testing and Backtesting
⚠️ Disclaimer
This indicator is designed for educational and analytical purposes only.
It is not financial advice and does not guarantee profitability.
Always perform independent analysis and apply prudent risk management before executing trades.
Multi-Timeframe Trend Indicator with Signals═══════════════════════════════════════════════════════════════
Multi-Timeframe Trend Indicator with Signals
by Zakaria Safri
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⚠️ IMPORTANT DISCLAIMERS:
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• This indicator may REPAINT on unconfirmed bars
• Signals appear in real-time but may change or disappear
• FOR EDUCATIONAL PURPOSES ONLY - NOT FINANCIAL ADVICE
• Past performance does not guarantee future results
• Always do your own research and use proper risk management
• The Risk Management feature is VISUAL ONLY - does not execute trades
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📊 OVERVIEW:
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
This indicator combines multiple technical analysis tools to help identify
potential trend directions and entry/exit points across different timeframes.
It uses SuperTrend, EMAs, ADX, RSI, and Keltner Channels to generate signals.
🎯 KEY FEATURES:
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📍 SIGNAL TYPES:
• All Signals: Shows all SuperTrend crossovers
• Filtered Signals: Additional EMA filter for potentially higher quality signals
• Signals use barstate.isconfirmed to reduce (but not eliminate) repainting
📈 TREND ANALYSIS:
• Trend Ribbon: 8 EMAs creating a visual trend direction indicator
• Trend Cloud: EMA 150/250 cloud for long-term trend context
• Chaos Trend Line: Dynamic support/resistance trend line
• Multi-timeframe dashboard showing trend across 8 timeframes (3m to Daily)
📊 TECHNICAL INDICATORS:
• Keltner Channels: Dynamic price channels
• RSI Background: Visual overbought/oversold zones
• Candlestick Coloring: Three modes (CleanScalper/Trend Ribbon/Moving Average)
• ADX-based trend strength analysis for MTF dashboard
🎯 VISUAL TOOLS:
• Order Blocks: Supply/demand zones (optional)
• Channel Breakouts: Pivot-based support/resistance levels
• Reversal Signals: RSI-based potential reversal indicators
• Visual TP/SL Lines: For reference only - does NOT execute trades
📊 DASHBOARD:
• Real-time multi-timeframe trend analysis
• Volatility indicator (Very Low to Very High)
• Current RSI value with color coding
• Customizable position and size
⚙️ SETTINGS:
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MAIN SETTINGS:
• Sensitivity: Controls signal frequency (lower = more signals)
• Signal Type: Choose between All Signals or Filtered Signals
• Factor: ATR multiplier for SuperTrend calculation
TREND SETTINGS:
• Toggle Trend Ribbon, Trend Cloud, Chaos Trend, Order Blocks
• Moving Average: Customizable EMA (default 200)
ADVANCED SETTINGS:
• Candlestick coloring with 3 different modes
• Overbought/Oversold background coloring
• Channel breakout levels
• Show/hide signals
RISK MANAGEMENT (VISUAL ONLY):
• ⚠️ Does NOT execute trades automatically
• Shows potential Take Profit levels (TP1, TP2, TP3)
• Shows potential Stop Loss level
• Adjustable TP strength multiplier
• For educational reference only
📖 HOW TO USE:
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1. SIGNAL INTERPRETATION:
• "Buy" signals appear below candles when conditions are met
• "Sell" signals appear above candles when conditions are met
• Wait for bar close confirmation to avoid repainting
• Use multiple timeframes for confluence
2. TREND CONFIRMATION:
• Check the multi-timeframe dashboard for trend alignment
• Use Trend Ribbon for visual trend direction
• Trend Cloud shows longer-term market bias
• Green candles = potential uptrend, Red = potential downtrend
3. ENTRY/EXIT STRATEGY:
• Combine signals with other analysis tools
• Check volatility status before entering trades
• Use support/resistance levels for confirmation
• The visual TP/SL lines are for planning only
4. RISK MANAGEMENT:
• Always use stop losses (indicator shows suggested levels only)
• Position size according to your risk tolerance
• Never risk more than you can afford to lose
• The indicator does NOT manage trades automatically
⚠️ LIMITATIONS & RISKS:
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REPAINTING:
• Signals may appear and disappear on unconfirmed bars
• Always wait for bar close before taking action
• Historical performance may look better than real-time results
FALSE SIGNALS:
• No indicator is 100% accurate
• Signals can fail in ranging/choppy markets
• Use additional confirmation methods
• Consider market context and fundamentals
VISUAL TP/SL:
• Lines are for reference/planning only
• Does NOT place or manage actual trades
• You must manually set your own stop losses
• TP levels are calculated estimates, not guarantees
🔧 TECHNICAL DETAILS:
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• Version: Pine Script v5
• Overlay: Yes (displays on main chart)
• Anti-repaint measures: Uses barstate.isconfirmed on signals
• Security function: Uses lookahead protection for higher timeframes
• Dynamic requests: Enabled for MTF analysis
• Max labels: 500
📚 COMPONENTS EXPLAINED:
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
SUPERTREND:
• Core signal generator using ATR-based bands
• Crossovers indicate potential trend changes
• Adjustable via Sensitivity and Factor inputs
EMA FILTER:
• Uses 200 EMA as trend filter (customizable)
• Filtered signals require price above/below EMA
• Helps reduce false signals in ranging markets
ADX TREND QUALITY:
• Measures trend strength across timeframes
• Used in multi-timeframe dashboard
• Shows Bullish/Bearish/Neutral states
KELTNER CHANNELS:
• Multiple bands showing volatility zones
• Color-coded based on RSI levels
• Helps identify overbought/oversold conditions
ORDER BLOCKS:
• Identifies supply/demand zones
• Based on price structure and pivots
• Can extend to the right for projection
💡 BEST PRACTICES:
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✓ Use multiple timeframe confirmation
✓ Wait for bar close before acting on signals
✓ Combine with support/resistance analysis
✓ Check overall market conditions
✓ Use proper risk management (1-2% per trade)
✓ Backtest on your specific market/timeframe
✓ Paper trade before using real money
✓ Keep a trading journal
✓ Adjust settings to your trading style
✗ Don't rely solely on this indicator
✗ Don't ignore risk management
✗ Don't trade on unconfirmed signals
✗ Don't overtrade every signal
✗ Don't use without understanding how it works
✗ Don't expect the TP/SL feature to trade for you
📞 SUPPORT & UPDATES:
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Creator: Zakaria Safri
Version: 4.3 (Compliance Update)
For questions or feedback, please use TradingView's comment section.
⚖️ FINAL DISCLAIMER:
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This indicator is provided for EDUCATIONAL and INFORMATIONAL purposes only.
It is NOT financial advice, investment advice, or a recommendation to buy/sell.
Trading involves substantial risk of loss. Past performance, whether actual or
indicated by historical tests of strategies, is not indicative of future results.
The creator assumes NO responsibility for your trading results. You are solely
responsible for your own investment decisions and due diligence.
Always consult with a qualified financial advisor before making investment decisions.
By using this indicator, you acknowledge and accept these risks and limitations.
Ronald buy and sell testerCalculates ATR (Average True Range):
Measures market volatility over a customizable period (default: 10).
A higher ATR means more volatility.
Calculates the Supertrend:
Combines ATR with a multiplier (default: 3) to define breakout thresholds.
The Supertrend flips direction when price crosses these thresholds.
Displays visual trade signals:
Buy Signal: Triggered when the Supertrend flips from bearish to bullish.
Sell Signal: Triggered when the Supertrend flips from bullish to bearish.
Signals are shown as labels below (Buy) or above (Sell) the candles.
Colors candles automatically (optional):
Green: bullish trend.
Red: bearish trend.
This feature can be toggled on or off.
Ready-to-use alerts:
You can set up TradingView alerts for Buy and Sell signals.
AshishBediSPLAshishBediSPL: Dynamic Premium Analysis with Integrated Signals
This indicator provides a comprehensive view of combined options premiums by aggregating data from Call and Put contracts for a selected index and expiry. It integrates multiple popular technical indicators like EMA Crossover, Supertrend, VWAP, RSI, and SMA, allowing users to select their preferred tools for generating dynamic buy and sell signals directly on the premium chart.
AshishBediSPL" is a powerful TradingView indicator designed to analyze options premiums. It calculates a real-time combined premium for a chosen index (NIFTY, BANKNIFTY, FINNIFTY, etc.) and specific expiry date. You have the flexibility to visualize the premium of Call options, Put options, or a combined premium of both.
The indicator then overlays several popular technical analysis tools, which you can selectively enable:
EMA Crossover: Identify trend changes with configurable fast and slow Exponential Moving Averages.
Supertrend: Detect trend direction and potential reversal points.
VWAP (Volume Weighted Average Price): Understand the average price of the premium considering trading volume.
RSI (Relative Strength Index): Gauge momentum and identify overbought/oversold conditions.
SMA (Simple Moving Average): Analyze price smoothing and trend identification.
Based on your selected indicators, the tool generates clear "Buy" and "Sell" signals directly on the chart, helping you identify potential entry and exit points. Customizable alerts are also available to keep you informed.
Unlock a new perspective on options trading with "AshishBediSPL." This indicator focuses on the combined value of options premiums, giving you a consolidated view of market sentiment for a chosen index and expiry.
Instead of just looking at individual option prices, "AshishBediSPL" blends the Call and Put premiums (or focuses on one, based on your preference) and empowers you with a suite of built-in technical indicators: EMA, Supertrend, VWAP, RSI, and SMA. Pick the indicators that resonate with your strategy, and let the tool generate actionable buy and sell signals right on your chart. With customizable alerts, you'll never miss a crucial market move. Gain deeper insights and make more informed trading decisions with "AshishBediSPL.
Combined options premium: This accurately describes what your indicator calculates.
Selected index and expiry: Essential inputs for the indicator.
Call/Put options or combined: Explains the flexibility in data display.
Multiple technical indicators (EMA Crossover, Supertrend, VWAP, RSI, SMA): Lists the analysis tools included.
Buy/Sell signals: The primary output of the indicator.
Customizable alerts: A valuable feature for users.
Palgo Trading - Palgo🎯THE PALGO INDICATOR
The "Palgo Trading - Palgo" indicator, developed by PALGOTRADING is a sophisticated technical analysis tool designed to identify potential buy and sell signals by combining trend analysis with momentum and optional AI-driven sentiment assessment. This indicator provides a clear visual representation of potential trading opportunities directly on the price chart.
At its core, the Palgo indicator synthesizes information from well-established technical analysis concepts with statistical functions, and has optional AI Integration for social analysis of the asset using external data :
Supertrend: This indicator identifies the prevailing trend direction. A positive Supertrend value suggests an upward trend, while a negative value indicates a downward trend. The Palgo indicator utilizes a Supertrend with a customizable multiplier and a user-configurable Average True Range (ATR) length (defaulting to 21).
🛜Signal Generation Logic
The indicator generates buy and sell signals based on a calculated "final direction" value. This value is derived by combining the Supertrend direction and a modified RSI. The modification involves scaling the RSI output to a range of -0.5 to 0.5 and then further adjusting it.
The buy and sell conditions are as follows:
Buy Signal: A buy signal is triggered when the "final direction" crosses above a positive activation threshold while the current signal is not already bullish. Upon signal generation, a "Buy" label (colored green) appears below the bar, and initial Take Profit (TP) and Stop Loss (SL) levels are calculated and stored.
Sell Signal: Conversely, a sell signal is triggered when the "final direction" crosses below a negative activation threshold while the current signal is not already bearish. A "Sell" label (colored red) is plotted above the bar, and corresponding TP and SL levels are determined.
✅ Optimized Take-Profit / Stop-Loss
The Take-Profit (TP) & Stop-Loss (SL) signals are optimized with Kernel Density Estimation (KDE), the script uses KDE activated by gaussian function on previous pivot points and trains the model, then tries to estimate new pivot points early, to determine new TP / SL levels for the current signal. Kernel Density Estimation takes values of the previous confirmed pivots' RSI values, body size & more factors to determine their role. This indicator can generate up to 5 TP signals per signal.
📈 Signal Trail
Palgo also includes a "Signal Trail" that visually shows the market's momentum. This trail is like a dynamic line that follows the price.
When the market is in an uptrend and looking strong, you'll see a green trail.
When it's in a downtrend and looking weak, you'll see a red trail.
This trail helps you see if the market is currently aligned with Palgo's bullish (buy) or bearish (sell) signal. It also acts as a visual guide for potential support or resistance levels.
📊Backtesting Dashboard
The Palgo indicator includes an optional Backtesting Dashboard to help you understand its historical performance. This dashboard appears directly on your chart and provides a quick summary of how the indicator's signals have performed in the past.
Here's what you'll see on the dashboard:
Sensitivity: This shows the specific "Sensitivity" setting you've chosen for the indicator. This setting influences how often signals are generated.
Wins: This number tells you how many trades initiated by the Palgo indicator historically ended in profit (reached a Take-Profit target or closed profitably when the signal reversed).
Loss: This number indicates how many trades historically ended in a loss (hit the Stop-Loss).
Winrate: This is a very important metric, displayed as a percentage. It shows you the proportion of winning trades compared to the total number of trades (Wins / (Wins + Loss)). A higher winrate generally suggests a more effective strategy.
This dashboard is a valuable tool for reviewing the indicator's effectiveness with different settings and helping you make informed decisions about its use in your trading.
🤖AI Integration (Optional):
A unique feature of the Palgo indicator is the optional integration of Artificial Intelligence (AI) sentiment analysis. When the "Use AI" input is enabled, the indicator incorporates two additional user-defined inputs:
Impression Change %: This input represents the percentage change in overall market sentiment as assessed by an external AI.
Positivity Change: This input reflects the change in positive sentiment, also provided by an AI.
These AI inputs are combined to create an "AI Score," which then influences the "final direction" calculation. A positive AI Score amplifies the bullish signals and dampens bearish signals, while a negative AI Score has the opposite effect.
❓Why PALGO ?
All-in-One Analysis: Palgo combines trend, momentum, and advanced statistical analysis into one easy-to-use tool, giving you a complete picture without needing multiple indicators.
Dynamic Profit & Loss Management: Unlike many tools with fixed targets, Palgo's smart profit and stop-loss system adapts to the market using KDE. This helps you potentially capture more gains and limit losses effectively.
Optional AI Insights: For an extra edge, Palgo can tap into Artificial Intelligence (AI) to gauge overall market mood. If the AI sees a lot of positive buzz, it can strengthen buy signals; if it's negative, it can reinforce sell signals. This helps you trade with a better understanding of the market's pulse.
Clear and Customizable: Palgo is designed to be very visual. It changes the color of the price bars, adds clear "Buy" or "Sell" labels, and marks your profit and stop-loss points. You can also change the colors to suit your preference.
Palgo aims to be a comprehensive and adaptable trading tool, giving you clearer insights.
⚙️Visualizations and Customization
The Palgo indicator offers several visual cues to aid traders:
Bar Coloring: The price bars are colored green when the indicator identifies a bullish signal and red during a bearish signal.
Signal Labels: Clear "Buy" and "Sell" labels are plotted at the signal generation points.
Take Profit and Stop Loss Markers: Distinct shapes and labels indicate when the price reaches the calculated TP and SL levels.
Style Options: Users can customize the colors for bullish and bearish bars, text, and TP/SL markers within the indicator's settings.
LANZ Strategy 4.0🔷 LANZ Strategy 4.0 — Trend Impulse Detection with Risk Management
LANZ Strategy 4.0 is a multi-indicator trend strategy designed for short to medium-term trading on any asset or timeframe. It combines Parabolic SAR, Supertrend, ADX, and time zone highlighting to detect and confirm trend impulses, while managing entries with dynamic Stop Loss (SL) and Take Profit (TP) levels.
🧠 Core Components:
Parabolic SAR: Identifies short-term trend reversals.
Supertrend: Highlights trend continuation zones.
ADX Filter: Ensures trend strength by filtering entries when ADX exceeds a defined threshold.
Impulse Detection Logic: Detects and confirms movement impulses with a counter, only generating trade signals on confirmed sequences.
Risk Management: Calculates dynamic SL/TP with a default risk-reward ratio of 1:2, minimum SL of 4 pts, and maximum of 12 pts.
📊 Visual Features:
Trend lines from Supertrend and SAR.
Colored background zones for different sessions (Asia, NY).
Labels and lines for entry, SL, and TP.
Movement number labels help visualize impulse progression.
Alerts when a new impulse is confirmed.
⚙️ How It Works:
The strategy waits for a confirmed impulse (i.e., change in SAR + Supertrend + ADX filter).
Once a valid impulse is confirmed:
A trade signal (BUY/SELL) is shown.
SL and TP levels are calculated and drawn.
The script monitors live price to determine if SL or TP is hit.
Impulse counter advances to label movement progression.
🔔 Alerts:
You will receive an alert each time a new valid impulse is confirmed, indicating a potential trading opportunity.
📝 Notes:
Script is intended for discretionary or assisted trading, not automated execution.
Works best during active sessions with visible trend direction.
You can adjust ATR period, multiplier, SL padding, and impulse thresholds.
Credits:
Developed by LANZ combines established technical indicators and original impulse-count logic.
MangAlgo X-V61. Overview & Purpose
The MangAlgo X-V6 script is a multi-component indicator designed to generate buy and sell signals on TradingView charts by combining several technical analysis techniques. It is tailored for various trading styles – including Scalping, Day Trading, and the custom MangAlgo approach – by automatically adjusting parameters based on the selected preset. The primary goal of the script is to deliver more accurate signals by integrating additional filters and a robust trade management system.
⸻
2. Key Features
• Trading Style Presets
• Three preset options: Scalping, Day Trading, and MangAlgo.
• The selected preset automatically adjusts key parameters such as Moving Average (MA) lengths, additional MA filters, and other settings to suit the trading style.
• SL/TP Settings (Stop Loss / Take Profit)
• Adjustable ATR multiplier for calculating the stop loss (SL).
• Multi-level TP (up to 5 levels) based on a configurable risk-reward ratio.
• Multiple Moving Average Types
• Supports various MA types: SMA, EMA, WMA, or VWMA (default is based on conditions).
• Two sets of MAs:
• Fast and Slow MAs for detecting crossovers as primary signals.
• Additional MA Filters (three additional MAs) used as further confirmation.
• Higher Timeframe Filter (HTF)
• Incorporates a moving average from a higher timeframe to provide broader trend context.
• The HTF MA is smoothed using SMA to ensure a stable trend indication.
• SuperTrend Indicator
• Calculates the SuperTrend level using ATR and a configurable multiplier (“Magic Number Factor”).
• Displays a dynamic trend line that changes color: green for an uptrend and red for a downtrend.
• Momentum & Candle Size Filters
• The momentum filter measures price strength using a momentum function over a set period.
• Optional candle size filtering allows you to disregard signals based on minimum and maximum candle sizes to reduce market noise.
• Session Filters
• Optionally filter signals based on trading sessions (New York, London, Tokyo, Sydney) to avoid low-liquidity periods.
• Directional Movement Index (DI)
• Computes DI+ and DI– using a smoothed True Range.
• Acts as an additional filter: a buy signal is valid if DI+ is greater than DI–, and vice versa for sell signals.
• Trade Signal Execution & Management
• Entry Signals:
• Buy: Triggered when the fast MA crosses above the slow MA, supported by SuperTrend, HTF MA, additional MAs, momentum, and DI confirmation (DI+ > DI–).
• Sell: Triggered when the fast MA crosses below the slow MA with corresponding filter confirmations (DI– > DI+).
• SL and TP Setup:
• The stop loss is computed using ATR and adjusted with a trailing SL as take profit levels are reached.
• TP levels (up to 5) are calculated based on the initial risk and a configurable risk-reward ratio.
• Visual Signal & Trade Outcome Display:
• Displays “𝗕𝗨𝗬” and “𝗦𝗘𝗟𝗟” labels on the chart when signals are active.
• Additional labels indicate SL and TP levels and whether the trade outcome was a win or loss once the SL is hit.
• Logging & Trade Statistics (Optional)
• Internal logging records trade details for each confirmed candle, helping you review strategy performance.
• An optional table display shows a summary of trade counts, win/loss results, and win rate percentages.
• Custom Candle Plotting
• Instead of using the standard barcolor(), the script uses plotcandle() to color the candles based on the active trade status:
• Green: Indicates an active buy position.
• Blue: Indicates an active sell position.
• Default colors: When no trade is active.
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3. How It Works & Component Interaction
1. Preset Trading Style Selection:
• Users choose a trading style preset via the input, which sets the values for key parameters such as the type and length of MAs, additional filters, and more.
2. Core Technical Calculations:
• ATR Calculation: Used for range detection and setting the stop loss.
• Moving Averages: Computed through a custom function (f_ma()) based on the chosen MA type.
• Range Detection: The script identifies price ranges by comparing the price to the MA, visualizing the range with boxes and lines.
3. Trend Filtering & Signal Confirmation:
• SuperTrend: Computed using ATR and a multiplier to dynamically generate support/resistance levels.
• Higher Timeframe MA: Provides macro trend context by analyzing a higher timeframe’s data.
• Additional MA & Momentum Filters: Ensure that the price movement is not mere noise, but confirmed by extra layers of filtering.
• DI (Directional Movement): Validates entry signals by ensuring that the directional momentum (DI+) dominates for buys and DI– for sells.
4. Signal Execution & Trade Management:
• When all conditions are met (including session filtering and non-range conditions), a buy or sell signal is activated.
• Upon signal activation, a trade is initiated with a calculated SL and multiple TP levels based on risk parameters.
• As the price reaches a TP level, the script adjusts the stop loss (trailing SL) to lock in gains.
• Trade outcomes (win or lose) are visually labeled on the chart after the SL is hit.
5. Visualization & Logging:
• Trading signals and SL/TP levels are plotted on the chart.
• Custom candle plotting highlights active trades by altering candle colors.
• Trade logging captures detailed information for each candle, which can be used for performance evaluation.
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4. How to Use the Script
• Initial Setup:
• Select your preferred trading style preset (e.g., Scalping, Day Trading, or MangAlgo).
• Adjust additional input parameters if needed, such as the ATR multiplier, number of TPs, or session filters.
• Interpreting Signals:
• Look for “𝗕𝗨𝗬” and “𝗦𝗘𝗟𝗟” labels on the chart as indicators of entry points.
• Use the plotted SL and TP levels as guides for risk management.
• Utilizing Additional Filters:
• Optionally enable the candle size filter and session filters to reduce false signals.
• Regularly monitor the chart and remember that this indicator is a tool that combines multiple technical methods for better signal accuracy.
• Trade Management:
• Use the provided trade outcome labels and logging information to assess and refine your strategy over time.
• If activated, review the trade summary table to analyze overall performance statistics.
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5. Risk Disclaimer
Trading involves significant risk and may not be suitable for all investors.
The MangAlgo X-V6 script is provided for educational and informational purposes only. Past performance is not indicative of future results. Trading decisions based on this script are at the sole discretion of the user, and the creator or distributor of the script is not responsible for any financial losses incurred. Always perform your own analysis, use proper risk management techniques, and consult with a professional financial advisor if necessary.
LiquidFusion SignalPro [CHE] LiquidFusion SignalPro – Indicator Overview
The LiquidFusion SignalPro is a powerful and sophisticated TradingView indicator designed to identify high-quality trade entries and exits. By combining seven unique sub-indicators, it provides comprehensive market analysis, ensuring traders can make informed decisions. This tool is suitable for all market conditions and supports customization to fit individual trading strategies.
Key Components (Sub-Indicators):
1. RPM (Relative Price Momentum):
- Measures cumulative price momentum over a specified period.
- Provides insights into price strength and directional bias.
- Input Customization:
- Source: Data for momentum calculation.
- Period: Length for momentum measurement.
- Resolution: Timeframe for data fetching.
2. BBO (Bull-Bear Oscillator):
- Calculates the strength of bullish or bearish momentum based on price movement and RSI conditions.
- Uses a super-smoothing technique for reliable signals.
- Customizable parameters include the oscillator's period and repainting options.
3. MACD (Moving Average Convergence Divergence):
- A classic momentum indicator for trend direction and strength.
- Provides buy/sell signals based on the crossover of the MACD line and signal line.
- Input Customization:
- Fast/Slow EMA Periods.
- Signal Line Period.
- Resolution and Source Data.
4. RSI (Relative Strength Index):
- Tracks overbought and oversold conditions.
- A key tool to validate trend continuation or reversals.
- Customizable period, resolution, and source.
5. CCI (Commodity Channel Index):
- Measures the deviation of price from its average.
- Useful for identifying cyclical trends.
- Input Customization includes period, resolution, and source.
6. Stochastic Oscillator:
- Indicates momentum by comparing closing prices to a range of highs and lows.
- Includes smoothing factors for %K and %D lines.
- Customizable parameters:
- %K Length and Smoothing.
- Resolution and Repainting Options.
7. Supertrend:
- A trailing stop-and-reverse system for trend-following strategies.
- Excellent for identifying strong trends and potential reversals.
- Inputs include the multiplier factor and period for ATR-like calculations.
Inputs Overview:
The indicator supports extensive customization for each sub-indicator, grouped under intuitive categories:
- Color Settings: Define bullish and bearish plot colors.
- RPM, BBO, MACD, RSI, CCI, Stochastic, and Supertrend Settings: Tailor each sub-indicator's behavior with adjustable parameters.
- UI Options: Toggle features such as bar coloring, indicator names, and plotted candles.
Trade Signals:
- Long Signal:
- All indicators align in a bullish state:
- RPM > 0, MACD > 0, RSI > 50, Stochastic > 50, CCI > 0, BBO > 0, Supertrend below price.
- Plot: Green triangle below the candle.
- Alert: Notifies the trader of a potential long entry.
- Short Signal:
- All indicators align in a bearish state:
- RPM < 0, MACD < 0, RSI < 50, Stochastic < 50, CCI < 0, BBO < 0, Supertrend above price.
- Plot: Red triangle above the candle.
- Alert: Notifies the trader of a potential short entry.
Features:
- Enhanced Visuals: Plots sub-indicator statuses using labels and color-coded shapes for clarity.
- Alerts: Integrated alert conditions for both long and short trades.
- Bar Coloring: Provides overall trend bias with green (bullish), red (bearish), or gray (neutral) bars.
- Customizable Table: Displays the indicator's status in the chart’s top-right corner.
Trading Benefits:
The LiquidFusion SignalPro excels in generating high-quality entries and exits by:
- Reducing noise through multiple indicator alignment.
- Supporting multiple timeframes and resolutions for flexibility.
- Offering customizable inputs for personalized trading strategies.
Use this tool to enhance your market analysis and improve your trading performance.
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.
This indicator is inspired by the Super 6x Indicators: RSI, MACD, Stochastic, Loxxer, CCI, and Velocity . A special thanks to Loxx for their relentless effort, creativity, and contributions to the TradingView community, which served as a foundation for this work.
Happy trading and best regards
Chervolino
TS & AO This is Best Intraday and Swing Trading Indicator
Certainly! Let’s explore some intraday and swing trading indicators that can help traders make informed decisions
SuperTrend:
The Supertrend indicator is commonly used for intraday trading.
It is plotted on the price chart and helps determine the current trend.
Parameters: It uses the Average True Range (ATR) with default values of 10 for the period and 3 for the multiplier.
Interpretation:
Upward trend: When Supertrend is below the bars and changes color to green, it indicates a buy signal.
Downward trend: When Supertrend is above the bars and turns red, it signals a sell opportunity1.
VWAP (Volume Weighted Average Price):
VWAP is a volume-based indicator.
It compares the value of a stock traded at a specific time to the total volume traded for that stock.
Interpretation:
Bullish trend: When the stock price is above VWAP, it suggests an uptrend.
Traders can consider buying on retracements toward VWAP in the direction of the trend1.
Moving Averages (MAs):
MAs are versatile indicators suitable for intraday, swing, and longer-term trading.
Common MAs include:
9-day MA: Short-term trend indicator.
50-day MA: Intermediate trend indicator.
100-day MA: Longer-term trend indicator.
Interpretation:
Uptrend: When the stock price is above the MA, it signals a bullish trend.
Downtrend: When the price is below the MA, it suggests a bearish trend2.
Digital Market Insight's Dream IndicatorWhy the Digital Market Insight’s Dream Indicator Blends Sixteen Technical Indicators
Analyzing markets can be overwhelming with so many technical indicators available. Choosing the right ones and combining them effectively can be a challenge. This indicator simplifies this by leveraging the power of collaboration.
Unleashing the power of automation, Digital Market Insight's Dream Indicator simplifies both day trading and long-term investing by automatically generating buy and sell signals.
This user-friendly indicator simplifies everything, making it easy to identify profitable trades where other indicators usually fall short.
Instead of relying on a few popular indicators, the Digital Market Insight’s Dream Indicator incorporates sixteen diverse metrics. Each offers unique insights into different aspects of market behavior, giving you a complete picture that goes beyond what any single indicator can provide.
Combining indicators that analyze trends, momentum, volume, and volatility allows you to see the market from different angles. This combination creates a powerful tool that can uncover opportunities missed by traditional indicators.
Digital Market Insight’s Dream Indicator uses sophisticated algorithms to balance the influence of each individual indicator. This ensures that no single metric dominates the analysis, providing a more objective perspective.
In short, Digital Market Insight’s Dream Indicator makes the complex task of choosing and combining indicators seamless and automated. This allows traders of all experience levels to benefit from powerful technical analysis, unlocking potentially profitable opportunities they might have missed otherwise.
Leveraging sixteen popular technical indicators, the Dream Indicator from Digital Market Insight meticulously dissects trends, momentum, volume, and volatility to offer comprehensive market insights. Inspired by the Relative Strength Index (RSI), it scales these indicators and identifies breakouts with optimized overbought and underbought thresholds. This combined data is compared to the security, generating a divergence line. The line's magnitude and speed are monitored, leading to the creation of buy and sell signals.
The following is a list of the sixteen indicators that it tracks:
• Parabolic SAR
• Directional Movement Index
• Chande Momentum Oscillator
• Commodity Channel Index
• Volume-Weighted Average Price
• On-Balanced Volume
• Money Flow Index
• Relative Strength Index
• Moving average convergence divergence
• Bollinger Band
• Stochastic
• True Strength Index
• Chaikin Money Flow
• Williams %R
• Sentiment
• Supertrend
While the combination of technical indicators is intriguing, the Dream Indicator's true power lies in its dynamic false signal suppression settings. This system can adapt to frequent market changes in real-time, allowing for a nuanced understanding of market direction. Imagine a rapid price swing triggered by a news announcement. While other indicators provide static signals, the Dream Indicator takes a dynamic approach. By offering multiple adjustable factors, it allows users to customize the indicator to their specific needs and preferences, potentially revealing deeper insights into market trends.
The following is the list of suppression settings:
• Suppress Using an SMA Window? Size?
This suppresses when the security price varies outside a simple moving average window. The window size can be adjusted.
• Suppress Using Supertrend Direction? Factor?
This suppresses when the Supertrend’s direction, increasing or decreasing, is contrary to the security’s gain. The Supertrends factor can be adjusted.
• Suppress Using Security ROC? ROC?
This suppresses when the security’s rate of change (ROC) is above a selectable value.
• Suppress Unfavorable Convergence/Divergence?
The buy alert is suppressed when the faster exponential moving average is less than the slower exponential moving average for both the sentiment and standard MACD. The sell alert is suppressed when the slower exponential moving average is less than the faster exponential moving average for both the sentiment and standard MACD.
• Suppress Unfavorable Trending Sentiment?
This suppresses buy alerts when the sentiment value is lowering and its value is currently below zero. This suppresses sell alerts when the sentiment value is rising and its value is currently above zero.
• Suppress Using Contrary Accumulated Forecast?
Suppress when the combined buy/sell signal is contrary to the security trend.
• Don’t Suppress First Alert?
Always Display First Alert.
How to use:
1. Activate the Indicator:
• Add the Digital Market Insight’s Dream Indicator.
• Select a security.
• Adjust the Alert Frequency, if desired.
• Configure the ATR Multiplier for optimal trailing stop orders, if desired.
2. Set audible alerts, if desired:
1. Select a security and adjust settings if you haven’t yet.
2. Select Alert at the top of the TradingView window or press + .
3. Select Digital Market Insight’s Dream Indicator across from Condition.
4. Select Alert for Buy across from Condition.
5. Select Once Per Bar Close across from Trigger.
6. Select Notifications at the top of the Create Alert window.
7. Select the Play sound checkbox.
8. Select the Create button at the bottom of the Create Alert window.
9. Repeat steps 2–8, substituting Alert for Sell in step 4.
3. Watch displayed information for opportunities:
• Circle Alerts: Green circles indicate buy signals, red ones signal sell opportunities. Larger circles are audible, providing immediate trading prompts.
• SMA Gain: This metric reflects the average profit potential per trade, assuming a sideways trend.
4. Utilize False-Signal Suppression:
• Select the appropriate false-signal suppression methods based on your trading strategy and risk tolerance.
• Monitor the SMA Gain and Circle Alerts as you adjust these settings to see their impact.
• Eliminate misleading signals and gain a clearer picture of the market.
5. Combine with Other Indicators:
• Consider displaying the Sentiment MACD and Divergence RSI for further insights.
• Utilize these additional indicators alongside Dream Indicator's signals for a more comprehensive analysis.
The following describes the displayed information and how to use it. It is in three levels: location/displayed text/description.
Upper Left/Week:/
Displays week gain.
Upper Left/Day:/
Displays day’s gain.
Upper Left/SMA:/
Displays SMA’s gain. The SMA gain is calculated from the average difference between the buy and sell alerts and a simple moving average. This makes it easy to compare differences between securities and setting changes. Basically, the SMA gain is the average profit that can be expected from a single buy sell trade, assuming that the security is trending sideways. Note: With a free TradingView account, the data will be limited, and therefore this value will be less accurate.
Upper Center/Misc. text/
A variety of security information is displayed here, including description, country, type, sector, and industry. The analyst's recommendation is also displayed when selected in the settings section.
Upper Right/ #🕪⚠:/
Displays number of audible alerts. This shows how many audible alerts you’ll get per day on average for the selected security. You will see this number change as you adjust the Alert Frequency setting in the indicator settings section.
Lower Right/ ATR × X.X:/
Displays the Average True Range (ATR) multiplied by a multiplier that is located in the indicator settings section. The upper and lower ATR values are also displayed. The Average True Range is a measure of price volatility and can be used for things like trailing stop orders. Place your stop-loss order a multiple of the ATR below your entry price for long trades and above your entry price for short trades. This will give your trade some room to breathe while still protecting you from significant losses. Adjust the multiple based on market volatility. In more volatile markets, use a larger multiple to account for potentially wider price swings.
The following is a description of important items in the indicator settings section:
--- MISC. SETTINGS ---
Alert Frequency
Alert Frequency will increase or decrease both the displayed alerts and audible alerts. This is one of the more important indicator settings and should be adjusted according to your investing style. If you have a large number of active alerts, you may want to reduce the alert frequency to avoid being overwhelmed. However, if you set this too low, you may miss some trading opportunities.
ATR Multiplier
The ATR multiplier is a multiplier for the Average True Range which is described above. It can help with finding trailing stop order values.
Use Sentiment Coloring
This changes the color of some graphs to a color gradient, indicating the security's sentiment, and may help you identify trend changes.
Sentiment Calc Index
This setting mainly affects the sentiment color scheme and the displayed sentiment graph. Adjust it to match the index in which the security is traded. You can find it at the top left of the TradingView window.
Display Analyst’s Recommendations
This will display the analyst's recommendations and could be handy when unsure whether a security is worth investing in. :-)
--- GRAPH DISPLAY SETTINGS ---
These are additional graphs that can be displayed and can be a valuable addition to your investing. Consider displaying the Sentiment MACD and the Divergence RSI which are both variations of the standard MACD and RSI indicators.
--- FALSE ALERT SUPPRESSION ---
These settings will allow suppression of false signals and are an important feature of this indicator. They will manipulate the gain. Watch the displayed SMA Gain and Circle Alerts as you toggle some of these settings. Some Circle Alerts will appear or vanish, and the SMA Gain will change. Remember, the larger circle alerts are the only ones that will be audible. Both small and large circles indicate a buy or sell alert: green for buy and red for sell.
Disclaimer:
This is not Investment Advice. Trading involves inherent risks, and all decisions should be made at your own discretion.
Complete Discrete Fourier Transform ToolkitThis is an expansion from my Discrete Fourier Transform Overlay indicator which offers various features that may be useful for traders wishing to apply frequency analysis or integral transform to their trading. For those unfamiliar with the concept, the discrete Fourier transform decomposes wave or wave-like data into functions depending on frequency. This can be helpful in demonstrating or interpreting trends and periodic frequencies in time-series price data, or oscillating indicators.
This toolkit has the following features:
Fourier bands (deviation cloud): The deviation cloud expresses the uncertainty in the DFT algorithm, as well as the relative change in frequency of the curve.
Fourier supertrend: The supertrend is applied as a product of the DFT algorithm, instead of onto the price data itself. This filters the supertrend from infrequent periodicities. For trading, this means that the supertrend will not be affected by false breakouts or breakdowns. See the image below for an example:
Future updates may include:
Projection of the probabilistic uncertainty principle. In a nutshell, the concept can be used to project uncertainties forwards through price data to forecast the path of least resistance, or, the most probable frequency.
Machine learning capabilities. Justin Doherty has done the Pine Script community a great service in introducing kNN algorithms with Lorentzian distance calculations; however, this is only the start of relativistic mechanics that can be applied to time series data. The DFT algorithm essentially filters data into its periodicities; this data can be inserted into a relativistic kNN algorithm - Lorenz or otherwise - to possibly improve accuracy.
Miyagi (10 in 1) + AlertsMiyagi: The attempt at mastering something for the best results.
Miyagi indicators combine multiple trigger conditions and place them in one toolbox for traders to easily use, produce alerts, backtest, reduce risk and increase profitability.
VWAP has been the main condition for entry for our trading community for quite some time now, however using VWAP alone can lead to poor entries and bags.
Miyagi adds filtering conditions which can then be used to improve entries as opposed to simply using VWAP alone.
Miyagi (10-in-1) + Alerts combines multiple trigger conditions in an easy to use format.
Each trigger or filtering condition is selectable and able to be combined using the selector checkboxes.
Trigger or filter conditions can be used on a different timeframe chart than the current user selected chart.
For instance, the user's chart can be set to a 15M for entry however using filtering from a 30 minute RSI.
It is recommended to not use a lower timeframe chart setting than the current chart timeframe.
The following trigger and filter conditions are present in the 10-in-1:
EMA: Takes two "Exponential Moving Averages" into effect for filtering with user selectable chart timeframe, length and sources.
EMA Trend Type is user selectable for Trend-following or Counter-trend which allows you to counter-trade the markets.
Beside the "Simple Moving Average" the EMA has a multiplier.
Calculation is SMAxMultipier / SMAxMultiplier of the previous candle.
MACD: Takes the "Moving Average Convergence Divergence" into effect for trigger condition or filtering with user selectable chart timeframe,
source, fast & slow length and signal smoothing. MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a price.
The MACD is calculated by subtracting the EMA 26 period from the EMA 12. Long alert is triggered on crossing the MACD zero line upwards and short alert vise versa.
RSI: Takes the "Relative Stregth Index" into effect for trigger condition or filtering with user selectable chart timeframe, length, source, and oversold and overbought values.
The RSI is a technical oscillator that uses price and volume data for identifying overbought or oversold signals in an asset.
It can also be used to spot divergences which warn of a trend change in price. This oscillator moves between 0 and 100.
RSI > 80 is considered overbought and an RSI < 20 is considered oversold.
Stochastic RSI: oscillator version of RSI.
Takes the stochRSI into effect for trigger condition or filtering with user selectable chart timeframe, K D, length, upper and lower length.
stochRSI = (actual RSI - lowest RSI) / (highest RSI - lowest RSI)
VWAP: Takes the "Volume Weighted Average Price" into effect for trigger condition with user selectable chart timeframe, period, and VWAP lower line (long),
or VWAP Upper line (Short) values. VWAP is calculated by totaling the money traded for every transaction (price x volume) and then dividing by the total shares traded.
The VWAP appears as a single line on charts. It looks similar to a moving average line, but smoother. In general it is a intraday/week anchored indicator that resets,
but we are using a steady version over a selectable period of candles.
TTM: Takes the TTM squeeze indicator into effect for trigger condition with user selectable chart timeframe, length, multiplier, smoothing and trend direction.
The TTM is used to identify when to enter or exit a market for the best chance of profitability. It squeezes pairs well with other indicators, such as the ADX indicator.
For Multiplicator you can use Keltner and Boilinger Bands.
ADX: Takes the "Average Directional Movement Index" into effect for trigger condition with user selectable chart timeframe, smoothing, DI-length, a long and a short setting.
The ADX is used to detect trend direction with a positive and a negative direction indicator (+DI & -DI). The factor of those is a value between 0 and 100.
A low value can be a week trend or consolidation. A value > 25 is considered as a positive trend, >50 is a strong long trend >75 extremely strong trend.
Beside timeframe, you can choose smoothing and DI length.
SuperTrend: Takes the SuperTrend into effect for filtering with user selectable chart timeframe, ATR length and factor.
As an alternative to moving averages you can keep a fix distance to determine long or short trend.
That way you can avoid a lot of switching during a consolidation phase. Once crossed it switches trend direction.
The "Average True Rage" is used for calculation of the SuperTrend distance, it measures the volatility of the coin.
MFI: Takes the "Money Flow Index" into effect for filtering with user selectable chart timeframe, length, source, long and short settings.
The MFI is a technical oscillator that uses price and volume data for identifying overbought or oversold signals in an asset.
It can also be used to spot divergences which warn of a trend change in price. Like RSI this oscillator moves between 0 and 100.
MFI > 80 is considered overbought and an MFI < 20 is considered oversold.
W-Divergence: Takes the "Wolfpack Divergence" into effect for trigger condition with user selectable chart timeframe, length, lookback, divergence and ranges.
W-Divergence is MACD 3-8 setting with added divergence hunter.
How to use: Select the VWAP, and set the VWAP up as you would normally trade with your selected timeframe, period, and VWAP settings (long and short).
All entries will be shown, based on the VWAP settings.
From here, filtering can be implemented to produce better entries, ie using EMA/MACD/RSI/SuperTrend/MFI filtering.
Happy Trading!
