ICT Killzones and Sessions W/ Silver Bullet + MacrosForex and Equity Session Tracker with Killzones, Silver Bullet, and Macro Times
This Pine Script indicator is a comprehensive timekeeping tool designed specifically for ICT traders using any time-based strategy. It helps you visualize and keep track of forex and equity session times, kill zones, macro times, and silver bullet hours.
Features:
Session and Killzone Lines:
Green: London Open (LO)
White: New York (NY)
Orange: Australian (AU)
Purple: Asian (AS)
Includes AM and PM session markers.
Dotted/Striped Lines indicate overlapping kill zones within the session timeline.
Customization Options:
Display sessions and killzones in collapsed or full view.
Hide specific sessions or killzones based on your preferences.
Customize colors, texts, and sizes.
Option to hide drawings older than the current day.
Automatic Updates:
The indicator draws all lines and boxes at the start of a new day.
Automatically adjusts time-based boxes according to the New York timezone.
Killzone Time Windows (for indices):
London KZ: 02:00 - 05:00
New York AM KZ: 07:00 - 10:00
New York PM KZ: 13:30 - 16:00
Silver Bullet Times:
03:00 - 04:00
10:00 - 11:00
14:00 - 15:00
Macro Times:
02:33 - 03:00
04:03 - 04:30
08:50 - 09:10
09:50 - 10:10
10:50 - 11:10
11:50 - 12:50
Latest Update:
January 15:
Added option to automatically change text coloring based on the chart.
Included additional optional macro times per user request:
12:50 - 13:10
13:50 - 14:15
14:50 - 15:10
15:50 - 16:15
Usage:
To maximize your experience, minimize the pane where the script is drawn. This minimizes distractions while keeping the essential time markers visible. The script is designed to help traders by clearly annotating key trading periods without overwhelming their charts.
Originality and Justification:
This indicator uniquely integrates various time-based strategies essential for ICT traders. Unlike other indicators, it consolidates session times, kill zones, macro times, and silver bullet hours into one comprehensive tool. This allows traders to have a clear and organized view of critical trading periods, facilitating better decision-making.
Credits:
This script incorporates open-source elements with significant improvements to enhance functionality and user experience.
Forex and Equity Session Tracker with Killzones, Silver Bullet, and Macro Times
This Pine Script indicator is a comprehensive timekeeping tool designed specifically for ICT traders using any time-based strategy. It helps you visualize and keep track of forex and equity session times, kill zones, macro times, and silver bullet hours.
Features:
Session and Killzone Lines:
Green: London Open (LO)
White: New York (NY)
Orange: Australian (AU)
Purple: Asian (AS)
Includes AM and PM session markers.
Dotted/Striped Lines indicate overlapping kill zones within the session timeline.
Customization Options:
Display sessions and killzones in collapsed or full view.
Hide specific sessions or killzones based on your preferences.
Customize colors, texts, and sizes.
Option to hide drawings older than the current day.
Automatic Updates:
The indicator draws all lines and boxes at the start of a new day.
Automatically adjusts time-based boxes according to the New York timezone.
Killzone Time Windows (for indices):
London KZ: 02:00 - 05:00
New York AM KZ: 07:00 - 10:00
New York PM KZ: 13:30 - 16:00
Silver Bullet Times:
03:00 - 04:00
10:00 - 11:00
14:00 - 15:00
Macro Times:
02:33 - 03:00
04:03 - 04:30
08:50 - 09:10
09:50 - 10:10
10:50 - 11:10
11:50 - 12:50
Latest Update:
January 15:
Added option to automatically change text coloring based on the chart.
Included additional optional macro times per user request:
12:50 - 13:10
13:50 - 14:15
14:50 - 15:10
15:50 - 16:15
ICT Sessions and Kill Zones
What They Are:
ICT Sessions: These are specific times during the trading day when market activity is expected to be higher, such as the London Open, New York Open, and the Asian session.
Kill Zones: These are specific time windows within these sessions where the probability of significant price movements is higher. For example, the New York AM Kill Zone is typically from 8:30 AM to 11:00 AM EST.
How to Use Them:
Identify the Session: Determine which trading session you are in (London, New York, or Asian).
Focus on Kill Zones: Within that session, focus on the kill zones for potential trade setups. For instance, during the New York session, look for setups between 8:30 AM and 11:00 AM EST.
Silver Bullets
What They Are:
Silver Bullets: These are specific, high-probability trade setups that occur within the kill zones. They are designed to be "one shot, one kill" trades, meaning they aim for precise and effective entries and exits.
How to Use Them:
Time-Based Setup: Look for these setups within the designated kill zones. For example, between 10:00 AM and 11:00 AM for the New York AM session .
Chart Analysis: Start with higher time frames like the 15-minute chart and then refine down to 5-minute and 1-minute charts to identify imbalances or specific patterns .
Macros
What They Are:
Macros: These are broader market conditions and trends that influence your trading decisions. They include understanding the overall market direction, seasonal tendencies, and the Commitment of Traders (COT) reports.
How to Use Them:
Understand Market Conditions: Be aware of the macroeconomic factors and market conditions that could affect price movements.
Seasonal Tendencies: Know the seasonal patterns that might influence the market direction.
COT Reports: Use the Commitment of Traders reports to understand the positioning of large traders and commercial hedgers .
Putting It All Together
Preparation: Understand the macro conditions and review the COT reports.
Session and Kill Zone: Identify the trading session and focus on the kill zones.
Silver Bullet Setup: Look for high-probability setups within the kill zones using refined chart analysis.
Execution: Execute the trade with precision, aiming for a "one shot, one kill" outcome.
By following these steps, you can effectively use ICT sessions, kill zones, silver bullets, and macros to enhance your trading strategy.
Usage:
To maximize your experience, shrink the pane where the script is drawn. This minimizes distractions while keeping the essential time markers visible. The script is designed to help traders by clearly annotating key trading periods without overwhelming their charts.
Originality and Justification:
This indicator uniquely integrates various time-based strategies essential for ICT traders. Unlike other indicators, it consolidates session times, kill zones, macro times, and silver bullet hours into one comprehensive tool. This allows traders to have a clear and organized view of critical trading periods, facilitating better decision-making.
Credits:
This script incorporates open-source elements with significant improvements to enhance functionality and user experience. All credit goes to itradesize for the SB + Macro boxes
Поиск скриптов по запросу "text"
Bull Market Drawdowns V1.0 [ADRIDEM]Bull Market Drawdowns V1.0
Overview
The Bull Market Drawdowns V1.0 script is designed to help visualize and analyze drawdowns during a bull market. This script calculates the highest high price from a specified start date, identifies drawdown periods, and plots the drawdown areas on the chart. It also highlights the maximum drawdowns and marks the start of the bull market, providing a clear visual representation of market performance and potential risk periods.
Unique Features of the New Script
Default Timeframe Configuration: Allows users to set a default timeframe for analysis, providing flexibility in adapting the script to different trading strategies and market conditions.
Customizable Bull Market Start Date: Users can define the start date of the bull market, ensuring the script calculates drawdowns from a specific point in time that aligns with their analysis.
Drawdown Calculation and Visualization: Calculates drawdowns from the highest high since the bull market start date and plots the drawdown areas on the chart with distinct color fills for easy identification.
Maximum Drawdown Tracking and Labeling: Tracks the maximum drawdown for each period and places labels on the chart to indicate significant drawdowns, helping traders identify and assess periods of higher risk.
Bull Market Start Marker: Marks the start of the bull market on the chart with a label, providing a clear reference point for the beginning of the analysis period.
Originality and Usefulness
This script provides a unique and valuable tool by combining drawdown analysis with visual markers and customizable settings. By calculating and plotting drawdowns from a user-defined start date, traders can better understand the performance and risks associated with a bull market. The script’s ability to track and label maximum drawdowns adds further depth to the analysis, making it easier to identify critical periods of market retracement.
Signal Description
The script includes several key visual elements that enhance its usefulness for traders:
Drawdown Area : Plots the upper and lower boundaries of the drawdown area, filling the space between with a semi-transparent color. This helps traders easily identify periods of market retracement.
Maximum Drawdown Labels : Labels are placed on the chart to indicate the maximum drawdown for each period, providing clear markers for significant drawdowns.
Bull Market Start Marker : A label is placed at the start of the bull market, marking the beginning of the analysis period and helping traders contextualize the drawdown data.
These visual elements help quickly assess the extent and impact of drawdowns within a bull market, aiding in risk management and decision-making.
Detailed Description
Input Variables
Default Timeframe (`default_timeframe`) : Defines the timeframe for the analysis. Default is 720 minutes
Bull Market Start Date (`start_date_input`) : The starting date for the bull market analysis. Default is January 1, 2023
Functionality
Highest High Calculation : The script calculates the highest high price on the specified timeframe from the user-defined start date.
```pine
var float highest_high = na
if (time >= start_date)
highest_high := na(highest_high ) ? high : math.max(highest_high , high)
```
Drawdown Calculation : Determines the drawdown starting point and calculates the drawdown percentage from the highest high.
```pine
var float drawdown_start = na
if (time >= start_date)
drawdown_start := na(drawdown_start ) or high >= highest_high ? high : drawdown_start
drawdown = (drawdown_start - low) / drawdown_start * 100
```
Maximum Drawdown Tracking : Tracks the maximum drawdown for each period and places labels above the highest high when a new high is reached.
```pine
var float max_drawdown = na
var int max_drawdown_bar_index = na
if (time >= start_date)
if na(max_drawdown ) or high >= highest_high
if not na(max_drawdown ) and not na(max_drawdown_bar_index) and max_drawdown > 10
label.new(x=max_drawdown_bar_index, y=drawdown_start , text="Max -" + str.tostring(max_drawdown , "#") + "%",
color=color.red, style=label.style_label_down, textcolor=color.white, size=size.normal)
max_drawdown := 0
max_drawdown_bar_index := na
else
if na(max_drawdown ) or drawdown > max_drawdown
max_drawdown := drawdown
max_drawdown_bar_index := bar_index
```
Drawdown Area Plotting : Plots the drawdown area with upper and lower boundaries and fills the area with a semi-transparent color.
```pine
drawdown_area_upper = time >= start_date ? drawdown_start : na
drawdown_area_lower = time >= start_date ? low : na
p1 = plot(drawdown_area_upper, title="Drawdown Area Upper", color=color.rgb(255, 82, 82, 60), linewidth=1)
p2 = plot(drawdown_area_lower, title="Drawdown Area Lower", color=color.rgb(255, 82, 82, 100), linewidth=1)
fill(p1, p2, color=color.new(color.red, 90), title="Drawdown Fill")
```
Current Maximum Drawdown Label : Places a label on the chart to indicate the current maximum drawdown if it exceeds 10%.
```pine
var label current_max_drawdown_label = na
if (not na(max_drawdown) and max_drawdown > 10)
current_max_drawdown_label := label.new(x=bar_index, y=drawdown_start, text="Max -" + str.tostring(max_drawdown, "#") + "%",
color=color.red, style=label.style_label_down, textcolor=color.white, size=size.normal)
if (not na(current_max_drawdown_label))
label.delete(current_max_drawdown_label )
```
Bull Market Start Marker : Places a label at the start of the bull market to mark the beginning of the analysis period.
```pine
var label bull_market_start_label = na
if (time >= start_date and na(bull_market_start_label))
bull_market_start_label := label.new(x=bar_index, y=high, text="Bull Market Start", color=color.blue, style=label.style_label_up, textcolor=color.white, size=size.normal)
```
How to Use
Configuring Inputs : Adjust the default timeframe and start date for the bull market as needed. This allows the script to be tailored to different market conditions and trading strategies.
Interpreting the Indicator : Use the drawdown areas and labels to identify periods of significant market retracement. Pay attention to the maximum drawdown labels to assess the risk during these periods.
Signal Confirmation : Use the bull market start marker to contextualize drawdown data within the overall market trend. The combination of drawdown visualization and maximum drawdown labels helps in making informed trading decisions.
This script provides a detailed view of drawdowns during a bull market, helping traders make more informed decisions by understanding the extent and impact of market retracements. By combining customizable settings with visual markers and drawdown analysis, traders can better align their strategies with the underlying market conditions, thus improving their risk management and decision-making processes.
@tk · fractal rsi levels█ OVERVIEW
This script is an indicator that helps traders to identify the RSI Levels for multiple fractals wherever the current timeframe is. This script was based on RSI Levels, 20-30 & 70-80 by abdomi indicator, that calculates the Relative Strenght Index levels based on the asset's price and plots it into the chart, creating a "wave" style indicator. The core feature of this indicator is the fractal rays, so trader can visualize each of the oversold and overbought levels of multiple timeframe on the current timeframe that he is on. The indicator will plots multiple rays after the chart bars. indicating where is the oversold and overbought levels for others fractals.
█ MOTIVATION
Since the RSI Levels, 20-30 & 70-80 by abdomi indicator helps a lot to identify the possible price levels when the asset is oversold or overbought, I saw myself drawing multiple horizontal lines on these levels in lower timeframes so, in an uptrend or downtrend, I can try to get a pullback of these trends when the asset reaches oversold or overboght levels. So, I get the idea to make those lines visible in multiple timeframes so I don't need to draw it myself manually anymore.
█ CONCEPT
The trading concept to use this indicator is the concept to make entries on uptrend or downtrend pullbacks when the asset price reaches oversold or overbought levels. But this strategy don't works alone. It needs to be aligned together with others indicators like Exponential Moving Averages, Chart Patterns, Support and Resistance, and so on... Even more confluences that you have, bigger are your chances to increase the probability for a successful trade. So, don't use this indicator alone. Compose a trading strategy and use it to improve your analysis.
█ CUSTOMIZATION
This indicator allows the trader to customize the following settings:
GENERAL
Text size
Changes the font size of the labels to improve accessibility.
Type: string
Options: `tiny`, `small`, `normal`, `large`.
Default: `small`
RSI LEVELS · SETTINGS
Pre-oversold Level
Changes the RSI Level to calculate the "pre-oversold" price level on the chart.
Type: int
Min: 1
Max: 49
Default: 33
Pre-overbought Level
Changes the RSI Level to calculate the "pre-overbought" price level on the chart.
Type: int
Min: 51
Max: 100
Default: 67
Show "Pre-over" Levels
Enables / Disables the pre-oversold and pre-overbought levels on the chart.
Type: bool
Default: true
FRACTAL RAYS · SETTINGS
Length
Changes the base length for the RSI calculation.
Type: int
Min: 1
Default: 14
Source
Changes the base source for the RSI calculation.
Type: float
Default: close
FRACTAL RAYS · STYLE
Ray Color
Changes the color of all fractal rays and its label.
Type: color
Default: color.rgb(187, 74, 207)
Ray Style
Changes the style of all fractal rays.
Type: string
Options: `line.style_solid`, `line.style_dashed`, `line.style_dotted`
Default: line.style_dotted
Ray Length
Changes the length of all fractal rays.
Type: int
Default: 15
FRACTAL RAYS · OVERSOLD
Oversold Level
Changes the base RSI Level for fractal rays calculation.
Type: int
Min: 1
Default: 30
Oversold Prefix
Customizes the fractal ray label with a prefix text.
Type: string
Default: 🚀
Oversold Suffix
Customizes the fractal ray label with a suffix text.
Type: string
Default: (empty)
FRACTAL RAYS · OVERBOUGHT
Overbought Level
Changes the base RSI Level for fractal rays calculation.
Type: int
Min: 1
Default: 70
Overbought Prefix
Customizes the fractal ray label with a prefix text.
Type: string
Default: 🐻
Overbought Suffix
Customizes the fractal ray label with a suffix text.
Type: string
Default: (empty)
FRACTAL RAYS · VISIBILITY RULES
These rules are applied for each of fractal rays so, the traders can choose what timeframes they wants to show the fractal rays for each of it. The rule will be applied as the following condition: `if timeframe != CURRENT_TIMEFRAME and timeframe <= CHOSEN_OPTION`. Actually, the fractal rays are on the chart but, isn't visible because it was applied a transparent color, so it is visually not on the chart to prevent chart's over polution.
LABELS
Show Labels on Price Scale
Shows labels on price scale.
Type: bool
Default: false
Show Price on Fractal Rays
Shows the RSI Level price on each of fractal rays respectively.
Type: bool
Default: false
█ EXTERNAL LIBRARIES
This script uses the `tk` library to calculate RSI Levels. It is a library that contains various functions that helps pine script developers to calculate RSI Levels.
█ FUNCTIONS
The library contains the following functions:
fn_fractalVisibilityRule(string visibilityRule)
Converts the fractal rays timeframe visibility rule label to timestamp int.
Parameters:
visibilityRule: (string) Fractal ray visibility rule label.
Returns: (int) Fractal ray visibility rule timestamp.
fn_requestFractal(string period, expression)
Converts the fractal rays timeframe visibility rule label to timestamp int.
Parameters:
period: (string) Timeframe period for the desired fractal.
expression: (mixed) Security expression that will be applied for calculation.
Returns: (mixed) A result determined by expression.
fn_plotRay(float y, string label, color color, int length)
Plots ray after chart bars for the current time.
Parameters:
period: (string) Timeframe period for the desired fractal.
expression: (mixed) Security expression that will be applied for calculation.
Returns: (void) This function only plots the elements into the chart
fn_plotRsiLevelRay(simple string period, simple int level, color color)
Plots RSI Levels ray after chart bars for the current time.
Parameters:
period: (simple string) Timeframe period.
level: (simple int) Relative Strength Index level.
color: (color) The color of both, ray and label text.
Returns: (void) This function only plots the elements into the chart
FVG ATRFVG ATR — Fair Value Gap Size Measured in ATR Units
This Pine Script v6 indicator detects Fair Value Gaps and displays their size as a ratio of the Average True Range, providing traders with a normalized measurement of gap significance across different market conditions and timeframes.
Key Features
Automatic FVG Detection
The indicator identifies bullish and bearish Fair Value Gaps using the standard three-candle pattern. Bullish FVGs occur when the current low exceeds the high from two bars ago, while bearish FVGs occur when the current high falls below the low from two bars ago.
ATR Ratio Calculation
Each detected FVG is measured against the current Average True Range at the moment of detection. The ratio is displayed as a compact label next to the gap, showing values like "ATR: 0.75" or "ATR: 1.41". This normalization allows comparison of gap significance across volatile and calm market periods.
Minimal Visual Footprint
Labels are displayed directly on the chart without boxes or lines, using customizable text sizes from tiny to large. The default tiny size ensures the chart remains uncluttered while providing essential information at a glance.
Highly Customizable Display
All visual aspects are configurable through input parameters, including label position (top, middle, or bottom of gap), text size, text color, optional background, and horizontal offset from the detection candle.
Customizable Parameters
Detection Settings
Detect Bullish FVG: Enable or disable detection of bullish gaps. Default is enabled.
Detect Bearish FVG: Enable or disable detection of bearish gaps. Default is enabled.
Min Size (pips): Filter out small gaps below the specified threshold. One pip equals 10 ticks for most Forex pairs. Default is 10 pips.
ATR Calculation
ATR Period: Period length for Average True Range calculation. Default is 14, adjustable to match your trading strategy.
Label Settings
Label Position: Vertical placement of the text label relative to the FVG zone. Options are Top, Middle, or Bottom. Default is Middle.
Label Size: Text size from Tiny (smallest), Small, Normal, to Large. Default is Tiny for minimal chart clutter.
Text Color: Custom color for label text. Default is white for visibility on dark themes.
Show Background: Toggle to display labels with a colored background box or as transparent text only. Default is disabled for cleaner appearance.
Background Color: Custom color for label background when enabled. Default is semi-transparent gray.
Label Offset (bars): Horizontal distance in bars between the detection candle and the label. Set to 0 for labels directly on the candle, or increase for separation. Default is 0.
Recommended Use Cases
Multi-Timeframe Analysis
Compare FVG significance across different timeframes by observing ATR ratios. A 1.5 ATR gap on the 1-hour chart may indicate different significance than the same ratio on the daily chart.
Volatility-Adjusted Trading
Use ATR ratios to filter for only the most significant gaps. For example, only trade FVGs with ratios above 1.0 to focus on gaps larger than typical price movement.
Risk Management
Size positions based on gap magnitude relative to current volatility. Larger ATR ratios may warrant tighter stops or smaller position sizes.
Market Efficiency Analysis
Track how quickly and completely different-sized gaps get filled. Gaps with higher ATR ratios may take longer to fill or act as stronger support and resistance zones.
Technical Details
This indicator is written in Pine Script v6 and follows all recommended coding standards including strict 4-space indentation, lazy boolean evaluation, and proper type declarations. The script uses array-based storage to maintain up to 500 labels simultaneously.
The ATR ratio is calculated at the moment of FVG detection and remains fixed, never repainting. The calculation divides the FVG height (distance between gap boundaries) by the current ATR value using the specified period. Division by zero is protected with conditional logic.
Label positioning uses the xloc.bar_index and yloc.price system for precise placement. The horizontal offset parameter allows traders to adjust label spacing based on chart zoom level and personal preference. Text formatting uses str.tostring with two decimal places for clear ratio display.
Important Notes
The indicator never repaints as all FVG detections and ATR calculations are fixed upon bar confirmation. Labels persist on the chart until the maximum label count is reached, at which point the oldest labels are automatically removed by TradingView.
For optimal performance on charts with many FVGs, consider increasing the minimum pip size filter or using smaller label sizes. The tiny size option provides the smallest possible text for maximum chart clarity.
Installation and Usage
Copy the source code into the TradingView Pine Editor and add the indicator to your chart. The overlay parameter is set to true, allowing labels to display directly on price candles. Configure all parameters through the indicator settings panel to match your trading style and visual preferences.
100% Pine Script v6 indicator — No repaint — Open source
MACD Trend StatusOverview:
The Dynamic MACD Trend Status indicator is a sophisticated yet easy-to-interpret tool designed to provide instant, color-coded insights into the current MACD momentum and trend strength directly on your chart. Unlike traditional MACD indicators that clutter your main price panel, this indicator distills complex MACD calculations into a single, prominent text label, ideal for quick confirmations and fast-paced trading.
It features two distinct logic modes, allowing you to customize its sensitivity and confirmation level, making it adaptable to various market conditions and trading styles.
Key Features & How It Works:
Two Selectable Logic Modes:
This indicator offers a unique dropdown setting (Logic Selection) to switch between two powerful MACD interpretation algorithms:
a) Option 3 (Robust) - (Default)
This is the most stringent and reliable mode, designed to filter out market noise and highlight only strong, accelerating trends. It declares a "Bullish" or "Bearish" status when ALL of the following conditions are met:
Bullish: MACD Line is above Signal Line AND MACD Histogram is positive AND MACD Histogram is increasing (momentum is accelerating) AND both MACD Line and Signal Line are above the Zero Line (confirming an overall uptrend).
Bearish: MACD Line is below Signal Line AND MACD Histogram is negative AND MACD Histogram is decreasing (momentum is accelerating) AND both MACD Line and Signal Line are below the Zero Line (confirming an overall downtrend).
Neutral: If none of the above strong conditions are met, indicating sideways movement, weakening momentum, or a transition phase.
b) Option 4 (Simplified + Enhanced)
This mode offers a more responsive signal while still providing a clear distinction for exceptionally strong moves. It determines status based on:
"MACD Bullish +" (Super Bullish): If all the rigorous conditions of "Option 3 (Robust) - Bullish" are met. This provides an immediate visual cue of extreme bullish strength within the simpler logic.
"MACD Bearish +" (Super Bearish): If all the rigorous conditions of "Option 3 (Robust) - Bearish" are met. This highlights exceptional bearish strength.
"MACD Bullish": MACD Line is above Signal Line AND MACD Histogram is positive (basic bullish momentum).
"MACD Bearish": MACD Line is below Signal Line AND MACD Histogram is negative (basic bearish momentum).
"MACD Neutral": If none of the above conditions are met.
Instant Color-Coded Status:
The indicator provides clear visual feedback through dynamic text colors:
Green: "MACD Bullish" (Standard Bullish)
Red: "MACD Bearish" (Standard Bearish)
Gray: "MACD Neutral" (Choppy/Unclear)
Blue: "MACD Bullish +" (Enhanced Strong Bullish - when using Option 4)
Fuchsia/Purple: "MACD Bearish +" (Enhanced Strong Bearish - when using Option 4)
(Note: Colors for "+" signals are customizable in the code if you wish)
Unobtrusive Display:
The status is displayed in a transparent, discreet table positioned at the middle-right of your main chart panel. This avoids cluttering the top corners or the indicator sub-panel, keeping your price action clear.
Ideal Use Cases:
Quick Confirmation: Rapidly confirm your trade ideas with a glance at the MACD's underlying momentum.
Scalping & Day Trading: The instant visual feedback is invaluable for fast-paced short-term strategies.
Momentum Filtering: Use it to filter trades, ensuring you're entering when MACD momentum is in your favor.
Complementary Tool: Designed to work hand-in-hand with your primary analysis (price action, support/resistance, other indicators). It's not intended as a standalone signal but as a powerful re-confirmation tool.
Customization Options:
MACD Settings: Adjust Fast Length, Slow Length, and Signal Length.
Logic Selection: Toggle between "Option 3 (Robust)" and "Option 4 (Simplified)" for different sensitivities.
Show Status Text: Toggle the visibility of the status text On/Off.
Text Size: Choose from "tiny", "small", "normal", "large", "huge" for optimal visibility.
Important Disclaimer:
This indicator is a technical analysis tool and should be used as part of a comprehensive trading strategy. It is not financial advice. Trading in financial markets involves substantial risk, and you could lose money. Always perform your own research and risk management.
Weis Wave Max█ Overview
Weis Wave Max is the result of my weis wave study.
David Weis said,
"Trading with the Weis Wave involves changes in behavior associated with springs, upthrusts, tests of breakouts/breakdowns, and effort vs reward. The most common setup is the low-volume pullback after a bullish/bearish change in behavior."
THE STOCK MARKET UPDATE (February 24, 2013)
I inspired from his sentences and made this script.
Its Main feature is to identify the largest wave in Weis wave and advantageous trading opportunities.
█ Features
This indicator includes several features related to the Weis Wave Method.
They help you analyze which is more bullish or bearish.
Highlight Max Wave Value (single direction)
Highlight Abnormal Max Wave Value (both directions)
Support and Resistance zone
Signals and Setups
█ Usage
Weis wave indicator displays cumulative volume for each wave.
Wave volume is effective when analyzing volume from VSA (Volume Spread Analysis) perspective.
The basic idea of Weis wave is large wave volume hint trend direction. This helps identify proper entry point.
This indicator highlights max wave volume and displays the signal and then proper Risk Reward Ratio entry frame.
I defined Change in Behavior as max wave volume (single direction).
Pullback is next wave that does not exceed the starting point of CiB wave (LH sell entry, HL buy entry).
Change in Behavior Signal ○ appears when pullback is determined.
Change in Behavior Setup (Entry frame) appears when condition of Min/Max Pullback is met and follow through wave breaks end point of CiB wave.
This indicator has many other features and they can also help a user identify potential levels of trade entry and which is more bullish or bearish.
In the screenshot below we can see wave volume zones as support and resistance levels. SOT and large wave volume /delta price (yellow colored wave text frame) hint stopping action.
█ Settings
Explains the main settings.
-- General --
Wave size : Allows the User to select wave size from ① Fixed or ② ATR. ② ATR is Factor x ATR(Length).
Display : Allows the User to select how many wave text and zigzag appear.
-- Wave Type --
Wave type : Allows the User to select from Volume or Volume and Time.
Wave Volume / delta price : Displays Wave Volume / delta price.
Simplified value : Allows the User to select wave text display style from ① Divisor or ② Normalized. Normalized use SMA.
Decimal : Allows the User to select the decimal point in the Wave text.
-- Highlight Abnormal Wave --
Highlight Max Wave value (single direction) : Adds marks to the Wave text to highlight the max wave value.
Lookback : Allows the User to select how many waves search for the max wave value.
Highlight Abnormal Wave value (both directions) : Changes wave text size, color or frame color to highlight the abnormal wave value.
Lookback : Allows the User to select SMA length to decide average wave value.
Large/Small factor : Allows the User to select the threshold large wave value and small wave value. Average wave value is 1.
delta price : Highlights large delta price by large wave text size, small by small text size.
Wave Volume : Highlights large wave volume by yellow colored wave text, small by gray colored.
Wave Volume / delta price : highlights large Wave Volume / delta price by yellow colored wave text frame, small by gray colored.
-- Support and Resistance --
Single side Max Wave Volume / delta price : Draws dashed border box from end point of Max wave volume / delta price level.
Single side Max Wave Volume : Draws solid border box from start point of Max wave volume level.
Bias Wave Volume : Draws solid border box from start point of bias wave volume level.
-- Signals --
Bias (Wave Volume / delta price) : Displays Bias mark when large difference in wave volume / delta price before and after.
Ratio : Decides the threshold of become large difference.
3Decrease : Displays 3D mark when a continuous decrease in wave volume.
Shortening Of the Thrust : Displays SOT mark when a continuous decrease in delta price.
Change in Behavior and Pullback : Displays CiB mark when single side max wave volume and pullback.
-- Setups --
Change in Behavior and Pullback and Breakout : Displays entry frame when change in behavior and pullback and then breakout.
Min / Max Pullback : Decides the threshold of min / max pullback.
If you need more information, please read the indicator's tooltip.
█ Conclusion
Weis Wave is powerful interpretation of volume and its tell us potential trend change and entry point which can't find without weis wave.
It's not the holy grail, but improve your chart reading skills and help you trade rationally (at least from VSA perspective).
Bull Bear Trend IndicatorIntroduction: Origin of the Swing Point Indicator
In the quest for a reliable indicator that accurately predicts trend directions and identifies valid highs and lows, the genesis of the Swing Point Indicator emerged. Faced with the challenge of finding a tool that provided comprehensive market analysis and actionable insights, the need for a novel solution became evident. Combining insights gleaned from market analysis and innovative algorithmic approaches, the Swing Point Indicator was born.
Enhanced Feature: Highs and Lows Labeling in Trend Direction
In addition to its core functionalities, the Swing Point Indicator incorporates an advanced feature that enhances the visualization of trend direction. This feature provides further clarity by selectively labeling highs and lows based on the prevailing trend, reinforcing the identification of higher highs and lower lows in uptrends and downtrends, respectively. Overlapping labels on highs and lows signify a potential trend change, providing traders with valuable insight into market reversals.
Detailed Description:
1. Uptrend Labeling:
- Higher Highs (Green Label with Price): In an uptrend, where higher highs are observed, the indicator labels these points with vibrant green color and includes the corresponding price value. This visually highlights the significance of higher highs as pivotal points in the upward trajectory of prices.
- Higher Lows (Red Marker without Text or Diamond): To complement the identification of higher highs, higher lows are marked with a distinct red marker or diamond, devoid of any accompanying text. While these points are crucial in delineating the ascending trend, their emphasis lies in their role as support levels, providing a foundation for upward price movements.
2. Downtrend Labeling:
- Lower Lows (Red Label with Price): Conversely, in a downtrend characterized by lower lows, the indicator labels these points with conspicuous red color, accompanied by the corresponding price value. Lower lows signify critical levels of downward price momentum, acting as indicators of potential bearish continuation.
- Lower Highs (Green Marker without Text or Diamond): Lower highs, indicative of downward retracements in a downtrend, are marked by distinctive green markers or diamonds without accompanying text. While these points denote temporary pauses or pullbacks in the bearish trend, their emphasis lies in their role as resistance levels, impeding upward price movements.
Functionality and Utility:
- Customizable Lookback Candle Count: Traders have the option to adjust the lookback candle count, which is set by default at 108 candles in the settings. This flexibility allows traders to tailor the indicator to their specific trading preferences and timeframes.
- Equal Highs or Lows Option: When enabled, the Swing Point Indicator can identify equal highs or equal lows, providing traders with additional insight into market dynamics.
- Formation Confirmation: A new higher high along with its higher low or a new lower low along with its lower high is confirmed after two candles have closed following the swing point candle. This ensures the reliability of the identified trend direction.
Conclusion:
The incorporation of selective labeling for highs and lows based on trend direction, alongside the introduction of customizable settings and formation confirmation criteria, enhances the effectiveness of the Swing Point Indicator. This feature-rich tool empowers traders with a nuanced understanding of market dynamics, highlighting critical price levels and trend reversals. By offering enhanced visualization, customizable options, and confirmation criteria, the Swing Point Indicator equips traders with the confidence and precision needed to navigate the markets successfully, contributing to more informed and profitable trading strategies.
MTF TREND-PANEL-(AS)
0). INTRODUCTION: "MTF TREND-PANEL-(AS)" is a technical tool for traders who often perform multi-timeframe analysis.
This simple tool is meant for traders who wish to monitor and keep track of trend directions simultaneously on various timeframes, ranging from 1MIN to 3MONTHS (or other - 'DIFF')
script enhances decision-making efficiency and provides a clearer picture of market condition by integrating multiple timeframe analysis into a single panel.
1). WARNING!:
-script doesn't make any calculations on its own really but is more of a tool for traders to remember what is happening on other time frames
- use tooltips to navigate settings easier
2). MAIN OPTIONS:
- Keeps track of up to 7 timeframes. (NUMBER of TimeFrames setting, from 1-7)
- Customizable Display: Choose to display nothing, upward/downward arrows, or a range indication for each timeframe.
- timeframe options: '1-MIN','5-MIN','15-MIN','30-MIN','1H','4H','1D','1W','1M','3M','DIFF'
- Color Coding: Define your preferred colors for each timeframe
- set position of the table and size of text (Position/text)
- Personal Touch: Add your own trading maxim or motto for inspiration to show up when SHOW TEXT is turned on
3. )OPTIONS:
-NUMBER of TimeFrames setting: from 1-7 - how many rows to show
-SHOW TABLE: Toggle to display or hide the trend table panel.
-SHOW TEXT: Show or hide your personalized trading maxim.
-SHOW TREND: Enable to display trend direction arrows.
-SHOW_CLRS: Turn on to activate color coding for each timeframe.
-position/text size for table
-settings for each timeframe:color,time,trend
-place to type ur own text
5). How to Use the Script:
-After adding the script to your chart, use the 'NUMBER of TimeFrames' setting to select how many timeframes you want to track (1 to 7).
-Customize the appearance of each timeframe row using the color and arrow options.
-For trend analysis, the script offers arrows to indicate upward, downward, or ranging markets.
-decide what trend dominates particular TF (using other tools - script does not calculate trend on its own )
- mark trends on panel to keep track of all TF
-Enable or disable various features like the table panel, trader maxim, and color coding using the ON/OFF options.
6). just in case:
- ask me anything about the code
-don't be shy to report any bugs or offer improvements of any kind.
- originally created for @ict_whiz and made public at his request
Key Levels | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Key Levels indicator! This indicator allows you to see the key levels on the current chart such as previous day lows / highs, pre-market data, yesterday's close, today's open, pivot points, and much more! It's highly user-friendly with every line being individually customizable and having a wide range of text options.
Features of the new Key Levels indicator :
Today & Yesterday High, Low, Open & Close
Previous 3-10th Day Highs & Lows
Pre-Market Highs & Lows
Previous Month High & Low
High & Low Pivots
Combination Of Same Levels
Wide Customization Options
📌 HOW DOES IT WORK ?
Key levels are important areas in a chart where a significant reaction is expected. In this indicator, you can enable up to the previous 10 days highs and lows, yesterday's close / today's open, and the latest pivot points. Key levels generally act like support & resistance. Here are a few examples :
As shown, key levels play an important role determining the current trend and can be useful in identifying potential levels where the market will reverse or breakout.
🚩UNIQUENESS
1. More Key Levels
We believe that past key levels may be as important as current ones. Some of the key-levels indicators do not include them even though strong reactions can happen around them. Thus, our indicator let's you check up to 10 days backwards.
You can select the ones you think that are the most important and just enable them, making the indicator customizable to your liking.
2. Pre-Market Data
With assets that have pre-market data available, it's crucial to analyze it to have a better understanding of the market in regular trading hours. Our indicator will plot pre-market highs and lows, even if your chart is in the regular trading hours only mode. We believe this will be helpful with your analyzing process.
3. Combination
The indicator can dynamically combine same key levels, so you can have a clear look to the chart without lines & text colliding with each other. This would also help you determine stronger key levels as if a key level occured more than a time, it could be a sign that it's a stronger one. An example :
To summarize, using key levels is an essential skill while detecting zones where strong reactions are expected. This indicator provides up to 10 day's high and low levels, and all of them can be individually turned on / off. Traders that believe older key levels can be important and want to look at the whole picture may use this feature. Also for assets that have pre-market data available, the indicator provides pre-market levels as well. Besides all that, High & Low pivots will provide latest key levels so traders can use them in their decisions.
⚙️SETTINGS
1. General Configuration
You can enable / disable :
1. Today's High / Low / Open
2. Yesterday's High / Low / Close
3. 3th-10th Day High / Low
4. Pre-Market High / Low
5. Previous Month High / Low
You can also change the colors and switch their line styles between solid, dashed and dotted.
2. High & Low Pivots
Enabled -> Enable / Disable High & Low Pivots
Pivot Range -> The range used in the detection of pivot points. Larger values will result in less pivot points, while smaller values will provide more pivot points. This essentially determines how many bars to the right & left shouldn't exceed the pivot's high or low.
You can also change the text color and text size of the pivots from the settings.
3. Style settings
Text Offset -> How many bars of offset should the texts have to the right. Increase if text collides with bars while Align Labels option is set to "Right".
Extend Lines -> If enabled, lines will be extended infinitely to right & left. If disabled, all lines will be clamped in their timelines.
Show Line Values -> If enabled, line information text will contain their price.
Align Labels ->
Right = Align line labels to right.
Center = Line labels will always be at the center of the screen.
Weekly Power 3Did you know there is a simple line you can place on your chart to immediately make the weeks price action more understandable? Its called the Weekly Open Line. And its the opening price of the trading week. It was created by The Inner Circle Trader (ICT) and incorporates another one of his concepts called Power 3.
The Weekly Power 3 indicator takes the idea of the Weekly Open Line and builds a suite of intelligent and dynamic tools around it that will immediately help the user to start understanding how price moves within the trading week context.
Features
Static Weekly Open Line
Intelligent Days of the Week Text
Dynamic Weekly High Line
Dynamic Weekly Low Line
Weekly High Candle Label (highest candle of the week)
Weekly Low Candle Label (lowest candle of the week)
Best Odds High of the Week Zone Line & Text
Best Odds Low of the Week Zone Line & Text
Components
The primary feature is a line that forms on the weekly open price and grows as the week progresses. Additionally, lines are created for the highest and lowest prices of the week so the weekly profile can be easily recognized. A dynamic label marks each weeks highest and lowest point. This will automatically move as prices expand throughout the week.
A very useful component of the Weekly Power 3 indicator is the Days of the Week text. Each Day of the Week text is displayed in the middle of each trading day and also the user can specify in the Settings whether to position the text at the high or low of the weeks price range. Additionally, there is a Buffer setting that allows the user to move the Days of the Week text up or down to prevent chart overlapping.
To help the user visualize the span of time with the best odds of forming the weekly highs or weekly lows, according to ICT, this indicator adds at static line and optional label into the charts future that projects the span from Tuesday’s London Open to Wednesday’s New York. Having a static line out in the future on your chart really helps to picture where price could be drawn to based solely around time of the week.
Premise
ICT says that the weekly open price is the most important level that price reacts to across the five days of a trading week. If the week profile is expected to be bullish then price many times goes below the weekly open line at the beginning of the week and above it later in the week (a.k.a Bullish Power 3). Consequently, if the week is anticipated to be a bearish week, price often times starts the week high and then goes lower throughout the week (a.k.a Bearish Power 3).
ICT always specifies that the weekly high or weekly low have the best odds of forming between the Tuesday’s London Open and Wednesday’s New York Open.
Inputs and Style
Like all scripts publish by Infinity Trading, everything in the indicator is customizable by the user. Every label, line, or text can be individually toggled ON or OFF so the user has complete control over the elements they want displayed on their chart. All of the lines can be individually adjusted by color, line style, or line width. The color and text color on the high and low of the week labels can be individually changed. The text in the chart (day of the week & best odds zones text) each have a “buffer” value. This allows the user to individually move the text up or down on the chart to declutter the chart. And lastly, the day of the week text can be positioned above or below the weeks price action and the text will dynamically move higher or lower as price expands throughout the week.
Previous weeks have all of the Weekly Power 3 markups so it's easy to study past price action and identify trends.
Gallery
View the weeks price action
View multiple weeks price action
Visualize future price action
Library: ArrayLibrary "xarray"
Additional functions for array.
remove_duplicates(array_in)
Remove duplicates in array.
Parameters:
array_in : (int /float /string ) Array contains duplicates.
Returns: Array without duplicates.
// Example: int
import tuele99/xarray/1 as xarray
c = xarray.remove_duplicates(array.from(1, 4, 2, 1, 2))
plot(array.size(c))
plot(array.get(c, 0))
plot(array.get(c, 1))
// Example: float
import tuele99/xarray/1 as xarray
c = xarray.remove_duplicates(array.from(1.0, 4.0, 2.0, 1.0, 2.0))
plot(array.size(c))
plot(array.get(c, 0))
plot(array.get(c, 1))
// Example: string
import tuele99/xarray/1 as xarray
c = xarray.remove_duplicates(array.from("green", "red", "green", "red", "green"))
plot(array.size(c)) // value = 2
label0 = label.new(x=last_bar_index, y=0, yloc=yloc.belowbar, text=array.get(c, 0), style=label.style_label_left, color=color.new(color.black, 100), textcolor=color.green) // below text = "green"
label1 = label.new(x=last_bar_index, y=0, yloc=yloc.abovebar, text=array.get(c, 1), style=label.style_label_left, color=color.new(color.black, 100), textcolor=color.red) // above text = "red"
Unicode font function - JDPinescript only allows the use of one type of font in texts and label, which causes some inconveniences:
- It's hard to make a label or text "look nice" and clear because it's not possible to use a different font for titles, etc.
- Because the default Pinescript font is not a monospaced font, (in Pinescript different characters have different widths)
this makes it really difficult to align things in a label on different rows
and causes everything to be "all over the place" and look messy
With the workaround in this script, you can "translate" the text string that you want to put in a label into a text with either upper case, bold and/or italic characters,
allowing for more control over the layout of the label text, by adding differently styled titles, control over spacing for columns, etc...
The characters provided in this script are an example of a monospaced font, but can easily be replaced by copy-pasting in other characters in the appropriate section
and the script will then use the new characters as replacements.
This script is to show the possibilities and principles of the functions.
The principles of this framework can be used to build your own go-to "text style conversion" functions, for styles that you use a lot, for example for titles.
A big shoutout to @DonovanWall, for the awesome character replacement idea that I built upon!!!
A shoutout also to the PineCoders community, who provide an infinite source of knowlegde and inspiration!!
Enjoy!
Gr, JD.
TTM Squeeze MTF DashboardThis indicator is a multi-timeframe (MTF) powerhouse for spotting breakout trades: It blends TTM Squeeze volatility, momentum oscillator (MOM), EMA trend stacks, MACD histogram expansion, and a "Green Count" (GC) tracker for post-squeeze timing. Perfect for day traders hunting confluence across TFs (e.g., 5m/15m/1H) to enter longs on lower timeframes (LTF) when signals align bullish.1. Quick OverviewCore Features:Dashboard Table: Real-time status for 3 user-defined TFs (defaults: 5m, 15m, 1H).
Rows: MOM (momentum), EMA (trend stack), MACD (histogram expansion), SQZ (volatility), GC (breakout counter), + optional GC MOM.
Plots: MOM histogram + GC line below price for visual confirmation.
Alerts: Triggers on full bullish/bearish alignment (positive/negative MOM + EMA stack + GC ≤3).
Edge: Filters noise with MTF alignment—wait for the table to "light up" (2+ TFs green/aqua) for high-conviction entries.
Best Use: Liquid markets (stocks, forex, crypto). Chart on LTF (e.g., 5m) for entries, use HTF for bias.
2. Installation & AccessOpen TradingView > Load a chart (e.g., AAPL on 5m).
Click Indicators (top toolbar) > Search "TTM Squeeze MTF Dashboard".
Add to chart—table appears top-right (customizable).
Pro Tip: Pin to favorites for quick access. Save chart layouts to preserve settings.
If editing: Right-click indicator > "Edit Pine Script" (open-source code available).3. Customizing SettingsGear icon (next to indicator name) > Adjust groups:Multi-Timeframe SettingsTF1/2/3: Set your scales (e.g., 1m/5m/15m for scalps; 15m/1H/4H for swings).
EMA SettingsLengths: 8/21/55/200 (Fib-tuned for trend).
Colors: Green (bull stack), Red (bear), Gray (neutral).
MACD SettingsLengths: 12/26/9 (standard).
Colors: Green (up-expansion: bull building), Red (down: bear building), Gray (retracting: pause).
Table Colors & DisplayGC Colors: Customize highlights for low GC + momentum.
Histogram Color: MOM shades (aqua/blue positive; red/yellow negative).
Squeeze Dot Color: Green (no squeeze), Black (low), Red/Orange (compression).
Toggles: Show/hide rows (e.g., disable SQZ for cleaner view).
Position/Size: Top-right default; tweak text color/size.
OtherSqueeze Length: 20 (BB/KC base).
Multipliers: BB=2.0, KC=1.0/1.5/2.0 (vol bands).
Hit OK—updates live. Defaults work great out-of-box.4. Reading the Table5 columns: Label | TF1 | TF2 | TF3 | Spacer.
Colors = signals; text = TF labels or GC numbers. Default order: MOM > EMA > MACD > SQZ > GC MOM > GC.Row
Purpose
Bullish (Green/Aqua)
Bearish (Red/Yellow)
Neutral (Gray)
MOM
Momentum flow.
Aqua (rising positive: strong bull).
Blue (falling positive: bull slowing).
Red (rising negative: bear easing).
Yellow (falling negative: deep bear).
N/A.
EMA
Trend stack (short > long EMAs).
Green: Ascending (with trend).
Red: Descending (against).
Mixed.
MACD
Histogram expansion.
Green: Positive & growing (momentum surge).
Red: Negative & shrinking (bear surge).
Flat/retracting (avoid).
SQZ
Volatility compression.
Green: No squeeze (expanding).
Black: Low (mild coil).
N/A.
Red: Medium.
Orange: High (wait).
GC MOM (Opt.)
GC ≤3 + positive MOM.
Aqua/Blue: Entry sweet spot.
N/A.
No match.
GC
Bars since last red squeeze.
MOM color if ≤3 (breakout now!). Text: Count (e.g., "2").
N/A.
>3 (wait).
Bullish Light-Up: 2+ TFs green/aqua on MOM/EMA/MACD + SQZ green/black + GC ≤3 = Long setup.5. Chart PlotsMOM Histogram: Colored bars (aqua = buy pressure)—confirms table.
GC Line: Purple, rising from 0—≤3 signals volatility release.
6. Alerts SetupRight-click chart > Add Alert > Select indicator.
Pick: "Bullish Alignment TF1" (e.g., for 5m).
Message: "Long {{ticker}}—MOM+/EMA Up/GC≤3 on TF1!"
Once Per Bar to avoid noise.
Bullish: Positive MOM + up EMA + low GC (long entry).
Bearish: Negative MOM + down EMA + low GC (short).
7. Trading FrameworkBias Check: HTF EMA green + SQZ release.
Confluence: Table aligns bullish (alert fires).
LTF Entry: On 5m, buy close above EMA8 (or dip to it). SL below swing low (1-2% risk).
Manage: Trail on MACD gray or GC reset. TP: 1.5-2:1 RR.
Avoid: Choppy news; <2 TF alignment.
Example: Alert on TF2 (15m). Switch to 5m: MOM aqua, price bounces EMA—long.Backtest Tip: Convert to strategy script for stats (55-65% win rate on aligns).
RRG Sector Snapshot RRG Sector Snapshot · Clear UI — User Guide
What this indicator does
Purpose: Visualize sector rotation by comparing each sector’s Relative Strength (RS-Ratio) and RS-Momentum versus a benchmark (e.g., VNINDEX).
Output: A quadrant map (table overlay) that positions each sector into one of four regimes:
LEADING (top-right): Strong and accelerating — leadership zone.
WEAKENING (bottom-right): Strong but decelerating — may be topping or consolidating.
LAGGING (bottom-left): Weak and decelerating — avoid unless mean-reverting.
IMPROVING (top-left): Weak but accelerating — candidates for next rotation into leadership.
How it works (under the hood)
X-axis (Strength): RS-Ratio = Sector Close / Benchmark Close, then normalized with a Z-Score over a lookback (normLen).
Y-axis (Momentum): Linear-regression slope of RS-Ratio over rsLen, then normalized with a Z-Score (normLen).
Mapping to grid: Both axes are Z-Scores scaled to a square grid (rrgSize × rrgSize) using a zoom factor (rrgScale). The center is neutral (0,0). Momentum increases upward (Y=0 is the top row in the table).
Quick start (3 minutes)
Add to chart:
TradingView → Pine Editor → paste the script → Save → Add to chart.
Set a benchmark: In inputs, choose Benchmark (X axis) — default INDEX:VNINDEX. Use VN30 or another index if it better reflects your universe.
Load sectors: Fill S1..S10 with sector or index symbols you track (up to 10). Set Slots to Use to the number you actually use.
Adjust view:
rrgSize (grid cells): 18–24 is a good starting point.
rrgScale (zoom): 2.5–3.5 typically; decrease to “zoom out” (points cluster near center), increase to “zoom in” (points spread to edges).
Read the map:
Prioritize sectors in LEADING; shortlist sectors in IMPROVING (could rotate into LEADING).
WEAKENING often marks late-cycle strength; LAGGING is typically avoid.
Inputs — what they do and how to change them
General
Analysis TF: Timeframe used to compute RRG (can be different from chart’s TF). Daily for swing, 1H/4H for tactical rotation, Weekly for macro view.
Benchmark (X axis): The index used for RS baseline (e.g., INDEX:VNINDEX, INDEX:VN30, major ETFs, or a custom composite).
RRG Calculation
RS Lookback (rsLen): Bars used for slope of RS (momentum).
Daily: 30–60 (default 40)
Intraday (1H/4H): 20–40
Weekly: 26–52
Normalization Lookback (Z-Score) (normLen): Window for Z-Score on both axes.
Daily: 80–120 (default 100)
Intraday: 40–80
Weekly: 52–104
Tip: Shorter lookbacks = more responsive but noisier; longer = smoother but slower.
RRG HUD (Table)
Show RRG Snapshot (rrgEnable): Toggle the table on/off.
Position (rrgPos): top_right | top_left | bottom_right | bottom_left.
Grid Size (Cells) (rrgSize): Table dimensions (N×N). Larger = more resolution but takes more space.
Z-Scale (Zoom) (rrgScale): Maps Z-Scores to the grid.
Smaller (2.0–2.5): Zoom out (more points near center).
Larger (3.5–4.0): Zoom in (emphasize outliers).
Appearance
Tag length (tagLen): Characters per sector tag. Use 4–6 for clarity.
Text size (textSizeOp): Tiny | Small | Normal | Large. Use Large for presentation screens or dense lists.
Axis thickness (axisThick): 1 = thin axis; 2 = thicker double-strip axis.
Quadrant alpha (bgAlpha): Transparency of quadrant backgrounds. 80–90 makes text pop.
Sectors (Max 10)
Slots to Use (sectorSlots): How many sector slots are active (≤10).
S1..S10: Each slot is a symbol (index, sector index, or ETF). Replace defaults to fit your market/universe.
How to interpret the map
Quadrants:
Leading (top-right): Relative strength above average and improving — trend-follow candidates.
Weakening (bottom-right): Still strong but momentum cooling — watch for distribution or pauses.
Lagging (bottom-left): Underperforming and still losing momentum — avoid unless doing mean-reversion.
Improving (top-left): Early recovery — candidates to transition into Leading if the move persists.
Overlapping sectors in one cell: The indicator shows “TAG +n” where TAG is the first tag, +n is the number of additional sectors sharing that cell. If many overlap:
Increase rrgSize, or
Decrease rrgScale to zoom out, or
Reduce Slots to Use to a smaller selection.
Suggested workflows
Daily swing
Benchmark: VNINDEX or VN30
rsLen 40–60, normLen 100–120, rrgSize 18–24, rrgScale 2.5–3.5
Routine:
Identify Leading sectors (top-right).
Spot Improving sectors near the midline moving toward top-right.
Confirm with price/volume/breakout on sector charts or top components.
Intraday (1H/4H) tactical
rsLen 20–40, normLen 60–100, rrgScale 2.0–3.0
Expect faster rotations and more noise; tighten filters with your own entry rules.
Weekly (macro rotation)
rsLen 26–52, normLen 52–104, rrgScale 3.0–4.0
Great for portfolio tilts and sector allocation.
Tuning tips
If everything clusters near center: Increase rrgScale (zoom in) or reduce normLen (more contrast).
If points are too spread: Decrease rrgScale (zoom out) or increase normLen (smoother normalization).
If the table is too big/small: Change rrgSize (cells).
If tags are hard to read: Increase textSizeOp to Large, tagLen to 5–6, and consider bgAlpha ~80–85.
Troubleshooting
No table on chart:
Ensure Show RRG Snapshot is enabled.
Change Position to a different corner.
Reduce Grid Size if the table exceeds the chart area.
Many sectors “missing”:
They’re likely overlapping in the same cell; the cell will show “TAG +n”.
Increase rrgSize, decrease rrgScale, or reduce Slots to Use.
Early bars show nothing:
You need enough data for rsLen and normLen. Scroll back or reduce lookbacks temporarily.
Best practices
Use RRG for context and rotation scouting, then confirm with your execution tools (trend structure, breakouts, volume, risk metrics).
Benchmark selection matters. If most of your watchlist tracks VN30, use INDEX:VN30 as the benchmark to get a truer relative read.
Revisit settings per timeframe. Intraday needs more responsiveness (shorter lookbacks, smaller Z-Scale); weekly needs stability (longer lookbacks, larger Z-Scale).
FAQ
Can I use ETFs or custom indices as sectors? Yes. Any symbol supported by TradingView works.
Can I track individual stocks instead of sectors? Yes (up to 10); just replace the S1..S10 symbols.
Why Z-Score? It standardizes each axis to “how unusual” the value is versus its own history — more robust than raw ratios across different scales.
[ i]
How to Set Up (Your Market Template)
This is the most important part for customizing the indicator to any market.
Step 1: Choose Your TF & Benchmark
Open the indicator's Settings.
Analysis TF: Set the timeframe you want to analyze (e.g., D for medium-term, W for long-term).
Benchmark (Trục X): This is the index you want to compare against.
Vietnamese Market: Leave the default INDEX:VNINDEX.
US Market: Change to SP:SPX or NASDAQ:NDX.
Crypto Market: Change to TOTAL (entire market cap) or BTC.D (Bitcoin Dominance).
Step 2: Input Your "Universe" (The 10 Slots)
This is where you decide what to track. You have 10 slots (S1 to S10).
For Vietnamese Sectors (Default):
Leave the default sector codes like INDEX:VNFINLEAD (Finance), INDEX:VNREAL (Real Estate), INDEX:VNIND (Industry), etc.
Template for Crypto "Sectors":
S1: BTC.D
S2: ETH.D
S3: TOTAL2 (Altcoin Market Cap)
S4: TOTAL.DEFI (DeFi)
S5: CRYPTOCAP:GAME (GameFi)
...and so on.
Template for Blue Chip Stocks:
Benchmark: INDEX:VN30
S1: HOSE:FPT
S2: HOSE:VCB
S3: HOSE:HPG
S4: HOSE:MWG
...and so on.
Template for Commodities:
Benchmark: TVC:DXY (US Dollar Index)
S1: TVC:GOLD
S2: TVC:USOIL
S3: TVC:SILVER
S4: COMEX:HG1! (Copper)
...and so on.
Step 3: Fine-Tuning
RS Lookback: A larger number (e.g., 100) gives a smoother, long-term view. A smaller number (e.g., 20) is more sensitive to short-term changes.
Z-Scale (Zoom): This is the "magnification" of the map.
If all your sectors are crowded in the middle, increase this number (e.g., 4.0) to "zoom in."
If your sectors are stuck on the edges, decrease this number (e.g., 2.0) to "zoom out."
Tag length: How many letters to display for the ticker (e.g., 4 will show VNFI).
Luxy Momentum, Trend, Bias and Breakout Indicators V7
TABLE OF CONTENTS
This is Version 7 (V7) - the latest and most optimized release. If you are using any older versions (V6, V5, V4, V3, etc.), it is highly recommended to replace them with V7.
Why This Indicator is Different
Who Should Use This
Core Components Overview
The UT Bot Trading System
Understanding the Market Bias Table
Candlestick Pattern Recognition
Visual Tools and Features
How to Use the Indicator
Performance and Optimization
FAQ
---
### CREDITS & ATTRIBUTION
This indicator implements proven trading concepts using entirely original code developed specifically for this project.
### CONCEPTUAL FOUNDATIONS
• UT Bot ATR Trailing System
- Original concept by @QuantNomad: (search "UT-Bot-Strategy"
- Our version is a complete reimplementation with significant enhancements:
- Volume-weighted momentum adjustment
- Composite stop loss from multiple S/R layers
- Multi-filter confirmation system (swing, %, 2-bar, ZLSMA)
- Full integration with multi-timeframe bias table
- Visual audit trail with freeze-on-touch
- NOTE: No code was copied - this is a complete reimplementation with enhancements.
• Standard Technical Indicators (Public Domain Formulas):
- Supertrend: ATR-based trend calculation with custom gradient fills
- MACD: Gerald Appel's formula with separation filters
- RSI: J. Welles Wilder's formula with pullback zone logic
- ADX/DMI: Custom trend strength formula inspired by Wilder's directional movement concept, reimplemented with volume weighting and efficiency metrics
- ZLSMA: Zero-lag formula enhanced with Hull MA and momentum prediction
### Custom Implementations
- Trend Strength: Inspired by Wilder's ADX concept but using volume-weighted pressure calculation and efficiency metrics (not traditional +DI/-DI smoothing)
- All code implementations are original
### ORIGINAL FEATURES (70%+ of codebase)
- Multi-Timeframe Bias Table with live updates
- Risk Management System (R-multiple TPs, freeze-on-touch)
- Opening Range Breakout tracker with session management
- Composite Stop Loss calculator using 6+ S/R layers
- Performance optimization system (caching, conditional calcs)
- VIX Fear Index integration
- Previous Day High/Low auto-detection
- Candlestick pattern recognition with interactive tooltips
- Smart label and visual management
- All UI/UX design and table architecture
### DEVELOPMENT PROCESS
**AI Assistance:** This indicator was developed over 2+ months with AI assistance (ChatGPT/Claude) used for:
- Writing Pine Script code based on design specifications
- Optimizing performance and fixing bugs
- Ensuring Pine Script v6 compliance
- Generating documentation
**Author's Role:** All trading concepts, system design, feature selection, integration logic, and strategic decisions are original work by the author. The AI was a coding tool, not the system designer.
**Transparency:** We believe in full disclosure - this project demonstrates how AI can be used as a powerful development tool while maintaining creative and strategic ownership.
---
1. WHY THIS INDICATOR IS DIFFERENT
Most traders use multiple separate indicators on their charts, leading to cluttered screens, conflicting signals, and analysis paralysis. The Suite solves this by integrating proven technical tools into a single, cohesive system.
Key Advantages:
All-in-One Design: Instead of loading 5-10 separate indicators, you get everything in one optimized script. This reduces chart clutter and improves TradingView performance.
Multi-Timeframe Bias Table: Unlike standard indicators that only show the current timeframe, the Bias Table aggregates trend signals across multiple timeframes simultaneously. See at a glance whether 1m, 5m, 15m, 1h are aligned bullish or bearish - no more switching between charts.
Smart Confirmations: The indicator doesn't just give signals - it shows you WHY. Every entry has multiple layers of confirmation (MA cross, MACD momentum, ADX strength, RSI pullback, volume, etc.) that you can toggle on/off.
Dynamic Stop Loss System: Instead of static ATR stops, the SL is calculated from multiple support/resistance layers: UT trailing line, Supertrend, VWAP, swing structure, and MA levels. This creates more intelligent, price-action-aware stops.
R-Multiple Take Profits: Built-in TP system calculates targets based on your initial risk (1R, 1.5R, 2R, 3R). Lines freeze when touched with visual checkmarks, giving you a clean audit trail of partial exits.
Educational Tooltips Everywhere: Every single input has detailed tooltips explaining what it does, typical values, and how it impacts trading. You're not guessing - you're learning as you configure.
Performance Optimized: Smart caching, conditional calculations, and modular design mean the indicator runs fast despite having 15+ features. Turn off what you don't use for even better performance.
No Repainting: All signals respect bar close. Alerts fire correctly. What you see in history is what you would have gotten in real-time.
What Makes It Unique:
Integrated UT Bot + Bias Table: No other indicator combines UT Bot's ATR trailing system with a live multi-timeframe dashboard. You get precision entries with macro trend context.
Candlestick Pattern Recognition with Interactive Tooltips: Patterns aren't just marked - hover over any emoji for a full explanation of what the pattern means and how to trade it.
Opening Range Breakout Tracker: Built-in ORB system for intraday traders with customizable session times and real-time status updates in the Bias Table.
Previous Day High/Low Auto-Detection: Automatically plots PDH/PDL on intraday charts with theme-aware colors. Updates daily without manual input.
Dynamic Row Labels in Bias Table: The table shows your actual settings (e.g., "EMA 10 > SMA 20") not generic labels. You know exactly what's being evaluated.
Modular Filter System: Instead of forcing a fixed methodology, the indicator lets you build your own strategy. Start with just UT Bot, add filters one at a time, test what works for your style.
---
2. WHO WHOULD USE THIS
Designed For:
Intermediate to Advanced Traders: You understand basic technical analysis (MAs, RSI, MACD) and want to combine multiple confirmations efficiently. This isn't a "one-click profit" system - it's a professional toolkit.
Multi-Timeframe Traders: If you trade one asset but check multiple timeframes for confirmation (e.g., enter on 5m after checking 15m and 1h alignment), the Bias Table will save you hours every week.
Trend Followers: The indicator excels at identifying and following trends using UT Bot, Supertrend, and MA systems. If you trade breakouts and pullbacks in trending markets, this is built for you.
Intraday and Swing Traders: Works equally well on 5m-1h charts (day trading) and 4h-D charts (swing trading). Scalpers can use it too with appropriate settings adjustments.
Discretionary Traders: This isn't a black-box system. You see all the components, understand the logic, and make final decisions. Perfect for traders who want tools, not automation.
Works Across All Markets:
Stocks (US, international)
Cryptocurrency (24/7 markets supported)
Forex pairs
Indices (SPY, QQQ, etc.)
Commodities
NOT Ideal For :
Complete Beginners: If you don't know what a moving average or RSI is, start with basics first. This indicator assumes foundational knowledge.
Algo Traders Seeking Black Box: This is discretionary. Signals require context and confirmation. Not suitable for blind automated execution.
Mean-Reversion Only Traders: The indicator is trend-following at its core. While VWAP bands support mean-reversion, the primary methodology is trend continuation.
---
3. CORE COMPONENTS OVERVIEW
The indicator combines these proven systems:
Trend Analysis:
Moving Averages: Four customizable MAs (Fast, Medium, Medium-Long, Long) with six types to choose from (EMA, SMA, WMA, VWMA, RMA, HMA). Mix and match for your style.
Supertrend: ATR-based trend indicator with unique gradient fill showing trend strength. One-sided ribbon visualization makes it easier to see momentum building or fading.
ZLSMA : Zero-lag linear-regression smoothed moving average. Reduces lag compared to traditional MAs while maintaining smooth curves.
Momentum & Filters:
MACD: Standard MACD with separation filter to avoid weak crossovers.
RSI: Pullback zone detection - only enter longs when RSI is in your defined "buy zone" and shorts in "sell zone".
ADX/DMI: Trend strength measurement with directional filter. Ensures you only trade when there's actual momentum.
Volume Filter: Relative volume confirmation - require above-average volume for entries.
Donchian Breakout: Optional channel breakout requirement.
Signal Systems:
UT Bot: The primary signal generator. ATR trailing stop that adapts to volatility and gives clear entry/exit points.
Base Signals: MA cross system with all the above filters applied. More conservative than UT Bot alone.
Market Bias Table: Multi-timeframe dashboard showing trend alignment across 7 timeframes plus macro bias (3-day, weekly, monthly, quarterly, VIX).
Candlestick Patterns: Six major reversal patterns auto-detected with interactive tooltips.
ORB Tracker: Opening range high/low with breakout status (intraday only).
PDH/PDL: Previous day levels plotted automatically on intraday charts.
VWAP + Bands : Session-anchored VWAP with up to three standard deviation band pairs.
---
4. THE UT BOT TRADING SYSTEM
The UT Bot is the heart of the indicator's signal generation. It's an advanced ATR trailing stop that adapts to market volatility.
Why UT Bot is Superior to Fixed Stops:
Traditional ATR stops use a fixed multiplier (e.g., "stop = entry - 2×ATR"). UT Bot is smarter:
It TRAILS the stop as price moves in your favor
It WIDENS during high volatility to avoid premature stops
It TIGHTENS during consolidation to lock in profits
It FLIPS when price breaks the trailing line, signaling reversals
Visual Elements You'll See:
Orange Trailing Line: The actual UT stop level that adapts bar-by-bar
Buy/Sell Labels: Aqua triangle (long) or orange triangle (short) when the line flips
ENTRY Line: Horizontal line at your entry price (optional, can be turned off)
Suggested Stop Loss: A composite SL calculated from multiple support/resistance layers:
- UT trailing line
- Supertrend level
- VWAP
- Swing structure (recent lows/highs)
- Long-term MA (200)
- ATR-based floor
Take Profit Lines: TP1, TP1.5, TP2, TP3 based on R-multiples. When price touches a TP, it's marked with a checkmark and the line freezes for audit trail purposes.
Status Messages: "SL Touched ❌" or "SL Frozen" when the trade leg completes.
How UT Bot Differs from Other ATR Systems:
Multiple Filters Available: You can require 2-bar confirmation, minimum % price change, swing structure alignment, or ZLSMA directional filter. Most UT implementations have none of these.
Smart SL Calculation: Instead of just using the UT line as your stop, the indicator suggests a better SL based on actual support/resistance. This prevents getting stopped out by wicks while keeping risk controlled.
Visual Audit Trail: All SL/TP lines freeze when touched with clear markers. You can review your trades weeks later and see exactly where entries, stops, and targets were.
Performance Options: "Draw UT visuals only on bar close" lets you reduce rendering load without affecting logic or alerts - critical for slower machines or 1m charts.
Trading Logic:
UT Bot flips direction (Buy or Sell signal appears)
Check Bias Table for multi-timeframe confirmation
Optional: Wait for Base signal or candlestick pattern
Enter at signal bar close or next bar open
Place stop at "Suggested Stop Loss" line
Scale out at TP levels (TP1, TP2, TP3)
Exit remaining position on opposite UT signal or stop hit
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5. UNDERSTANDING THE MARKET BIAS TABLE
This is the indicator's unique multi-timeframe intelligence layer. Instead of looking at one chart at a time, the table aggregates signals across seven timeframes plus macro trend bias.
Why Multi-Timeframe Analysis Matters:
Professional traders check higher and lower timeframes for context:
Is the 1h uptrend aligning with my 5m entry?
Are all short-term timeframes bullish or just one?
Is the daily trend supportive or fighting me?
Doing this manually means opening multiple charts, checking each indicator, and making mental notes. The Bias Table does it automatically in one glance.
Table Structure:
Header Row:
On intraday charts: 1m, 5m, 15m, 30m, 1h, 2h, 4h (toggle which ones you want)
On daily+ charts: D, W, M (automatic)
Green dot next to title = live updating
Headline Rows - Macro Bias:
These show broad market direction over longer periods:
3 Day Bias: Trend over last 3 trading sessions (uses 1h data)
Weekly Bias: Trend over last 5 trading sessions (uses 4h data)
Monthly Bias: Trend over last 30 daily bars
Quarterly Bias: Trend over last 13 weekly bars
VIX Fear Index: Market regime based on VIX level - bullish when low, bearish when high
Opening Range Breakout: Status of price vs. session open range (intraday only)
These rows show text: "BULLISH", "BEARISH", or "NEUTRAL"
Indicator Rows - Technical Signals:
These evaluate your configured indicators across all active timeframes:
Fast MA > Medium MA (shows your actual MA settings, e.g., "EMA 10 > SMA 20")
Price > Long MA (e.g., "Price > SMA 200")
Price > VWAP
MACD > Signal
Supertrend (up/down/neutral)
ZLSMA Rising
RSI In Zone
ADX ≥ Minimum
These rows show emojis: GREEB (bullish), RED (bearish), GRAY/YELLOW (neutral/NA)
AVG Column:
Shows percentage of active timeframes that are bullish for that row. This is the KEY metric:
AVG > 70% = strong multi-timeframe bullish alignment
AVG 40-60% = mixed/choppy, no clear trend
AVG < 30% = strong multi-timeframe bearish alignment
How to Use the Table:
For a long trade:
Check AVG column - want to see > 60% ideally
Check headline bias rows - want to see BULLISH, not BEARISH
Check VIX row - bullish market regime preferred
Check ORB row (intraday) - want ABOVE for longs
Scan indicator rows - more green = better confirmation
For a short trade:
Check AVG column - want to see < 40% ideally
Check headline bias rows - want to see BEARISH, not BULLISH
Check VIX row - bearish market regime preferred
Check ORB row (intraday) - want BELOW for shorts
Scan indicator rows - more red = better confirmation
When AVG is 40-60%:
Market is choppy, mixed signals. Either stay out or reduce position size significantly. These are low-probability environments.
Unique Features:
Dynamic Labels: Row names show your actual settings (e.g., "EMA 10 > SMA 20" not generic "Fast > Slow"). You know exactly what's being evaluated.
Customizable Rows: Turn off rows you don't care about. Only show what matters to your strategy.
Customizable Timeframes: On intraday charts, disable 1m or 4h if you don't trade them. Reduces calculation load by 20-40%.
Automatic HTF Handling: On Daily/Weekly/Monthly charts, the table automatically switches to D/W/M columns. No configuration needed.
Performance Smart: "Hide BIAS table on 1D or above" option completely skips all table calculations on higher timeframes if you only trade intraday.
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6. CANDLESTICK PATTERN RECOGNITION
The indicator automatically detects six major reversal patterns and marks them with emojis at the relevant bars.
Why These Six Patterns:
These are the most statistically significant reversal patterns according to trading literature:
High win rate when appearing at support/resistance
Clear visual structure (not subjective)
Work across all timeframes and assets
Studied extensively by institutions
The Patterns:
Bullish Patterns (appear at bottoms):
Bullish Engulfing: Green candle completely engulfs prior red candle's body. Strong reversal signal.
Hammer: Small body with long lower wick (at least 2× body size). Shows rejection of lower prices by buyers.
Morning Star: Three-candle pattern (large red → small indecision → large green). Very strong bottom reversal.
Bearish Patterns (appear at tops):
Bearish Engulfing: Red candle completely engulfs prior green candle's body. Strong reversal signal.
Shooting Star: Small body with long upper wick (at least 2× body size). Shows rejection of higher prices by sellers.
Evening Star: Three-candle pattern (large green → small indecision → large red). Very strong top reversal.
Interactive Tooltips:
Unlike most pattern indicators that just draw shapes, this one is educational:
Hover your mouse over any pattern emoji
A tooltip appears explaining: what the pattern is, what it means, when it's most reliable, and how to trade it
No need to memorize - learn as you trade
Noise Filter:
"Min candle body % to filter noise" setting prevents false signals:
Patterns require minimum body size relative to price
Filters out tiny candles that don't represent real buying/selling pressure
Adjust based on asset volatility (higher % for crypto, lower for low-volatility stocks)
How to Trade Patterns:
Patterns are NOT standalone entry signals. Use them as:
Confirmation: UT Bot gives signal + pattern appears = stronger entry
Reversal Warning: In a trade, opposite pattern appears = consider tightening stop or taking profit
Support/Resistance Validation: Pattern at key level (PDH, VWAP, MA 200) = level is being respected
Best combined with:
UT Bot or Base signal in same direction
Bias Table alignment (AVG > 60% or < 40%)
Appearance at obvious support/resistance
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7. VISUAL TOOLS AND FEATURES
VWAP (Volume Weighted Average Price):
Session-anchored VWAP with standard deviation bands. Shows institutional "fair value" for the trading session.
Anchor Options: Session, Day, Week, Month, Quarter, Year. Choose based on your trading timeframe.
Bands: Up to three pairs (X1, X2, X3) showing statistical deviation. Price at outer bands often reverses.
Auto-Hide on HTF: VWAP hides on Daily/Weekly/Monthly charts automatically unless you enable anchored mode.
Use VWAP as:
Directional bias (above = bullish, below = bearish)
Mean reversion levels (outer bands)
Support/resistance (the VWAP line itself)
Previous Day High/Low:
Automatically plots yesterday's high and low on intraday charts:
Updates at start of each new trading day
Theme-aware colors (dark text for light charts, light text for dark charts)
Hidden automatically on Daily/Weekly/Monthly charts
These levels are critical for intraday traders - institutions watch them closely as support/resistance.
Opening Range Breakout (ORB):
Tracks the high/low of the first 5, 15, 30, or 60 minutes of the trading session:
Customizable session times (preset for NYSE, LSE, TSE, or custom)
Shows current breakout status in Bias Table row (ABOVE, BELOW, INSIDE, BUILDING)
Intraday only - auto-disabled on Daily+ charts
ORB is a classic day trading strategy - breakout above opening range often leads to continuation.
Extra Labels:
Change from Open %: Shows how far price has moved from session open (intraday) or daily open (HTF). Green if positive, red if negative.
ADX Badge: Small label at bottom of last bar showing current ADX value. Green when above your minimum threshold, red when below.
RSI Badge: Small label at top of last bar showing current RSI value with zone status (buy zone, sell zone, or neutral).
These labels provide quick at-a-glance confirmation without needing separate indicator windows.
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8. HOW TO USE THE INDICATOR
Step 1: Add to Chart
Load the indicator on your chosen asset and timeframe
First time: Everything is enabled by default - the chart will look busy
Don't panic - you'll turn off what you don't need
Step 2: Start Simple
Turn OFF everything except:
UT Bot labels (keep these ON)
Bias Table (keep this ON)
Moving Averages (Fast and Medium only)
Suggested Stop Loss and Take Profits
Hide everything else initially. Get comfortable with the basic UT Bot + Bias Table workflow first.
Step 3: Learn the Core Workflow
UT Bot gives a Buy or Sell signal
Check Bias Table AVG column - do you have multi-timeframe alignment?
If yes, enter the trade
Place stop at Suggested Stop Loss line
Scale out at TP levels
Exit on opposite UT signal
Trade this simple system for a week. Get a feel for signal frequency and win rate with your settings.
Step 4: Add Filters Gradually
If you're getting too many losing signals (whipsaws in choppy markets), add filters one at a time:
Try: "Require 2-Bar Trend Confirmation" - wait for 2 bars to confirm direction
Try: ADX filter with minimum threshold - only trade when trend strength is sufficient
Try: RSI pullback filter - only enter on pullbacks, not chasing
Try: Volume filter - require above-average volume
Add one filter, test for a week, evaluate. Repeat.
Step 5: Enable Advanced Features (Optional)
Once you're profitable with the core system, add:
Supertrend for additional trend confirmation
Candlestick patterns for reversal warnings
VWAP for institutional anchor reference
ORB for intraday breakout context
ZLSMA for low-lag trend following
Step 6: Optimize Settings
Every setting has a detailed tooltip explaining what it does and typical values. Hover over any input to read:
What the parameter controls
How it impacts trading
Suggested ranges for scalping, day trading, and swing trading
Start with defaults, then adjust based on your results and style.
Step 7: Set Up Alerts
Right-click chart → Add Alert → Condition: "Luxy Momentum v6" → Choose:
"UT Bot — Buy" for long entries
"UT Bot — Sell" for short entries
"Base Long/Short" for filtered MA cross signals
Optionally enable "Send real-time alert() on UT flip" in settings for immediate notifications.
Common Workflow Variations:
Conservative Trader:
UT signal + Base signal + Candlestick pattern + Bias AVG > 70%
Enter only at major support/resistance
Wider UT sensitivity, multiple filters
Aggressive Trader:
UT signal + Bias AVG > 60%
Enter immediately, no waiting
Tighter UT sensitivity, minimal filters
Swing Trader:
Focus on Daily/Weekly Bias alignment
Ignore intraday noise
Use ORB and PDH/PDL less (or not at all)
Wider stops, patient approach
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9. PERFORMANCE AND OPTIMIZATION
The indicator is optimized for speed, but with 15+ features running simultaneously, chart load time can add up. Here's how to keep it fast:
Biggest Performance Gains:
Disable Unused Timeframes: In "Time Frames" settings, turn OFF any timeframe you don't actively trade. Each disabled TF saves 10-15% calculation time. If you only day trade 5m, 15m, 1h, disable 1m, 2h, 4h.
Hide Bias Table on Daily+: If you only trade intraday, enable "Hide BIAS table on 1D or above". This skips ALL table calculations on higher timeframes.
Draw UT Visuals Only on Bar Close: Reduces intrabar rendering of SL/TP/Entry lines. Has ZERO impact on logic or alerts - purely visual optimization.
Additional Optimizations:
Turn off VWAP bands if you don't use them
Disable candlestick patterns if you don't trade them
Turn off Supertrend fill if you find it distracting (keep the line)
Reduce "Limit to 10 bars" for SL/TP lines to minimize line objects
Performance Features Built-In:
Smart Caching: Higher timeframe data (3-day bias, weekly bias, etc.) updates once per day, not every bar
Conditional Calculations: Volume filter only calculates when enabled. Swing filter only runs when enabled. Nothing computes if turned off.
Modular Design: Every component is independent. Turn off what you don't need without breaking other features.
Typical Load Times:
5m chart, all features ON, 7 timeframes: ~2-3 seconds
5m chart, core features only, 3 timeframes: ~1 second
1m chart, all features: ~4-5 seconds (many bars to calculate)
If loading takes longer, you likely have too many indicators on the chart total (not just this one).
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10. FAQ
Q: How is this different from standard UT Bot indicators?
A: Standard UT Bot (originally by @QuantNomad) is just the ATR trailing line and flip signals. This implementation adds:
- Volume weighting and momentum adjustment to the trailing calculation
- Multiple confirmation filters (swing, %, 2-bar, ZLSMA)
- Smart composite stop loss system from multiple S/R layers
- R-multiple take profit system with freeze-on-touch
- Integration with multi-timeframe Bias Table
- Visual audit trail with checkmarks
Q: Can I use this for automated trading?
A: The indicator is designed for discretionary trading. While it has clear signals and alerts, it's not a mechanical system. Context and judgment are required.
Q: Does it repaint?
A: No. All signals respect bar close. UT Bot logic runs intrabar but signals only trigger on confirmed bars. Alerts fire correctly with no lookahead.
Q: Do I need to use all the features?
A: Absolutely not. The indicator is modular. Many profitable traders use just UT Bot + Bias Table + Moving Averages. Start simple, add complexity only if needed.
Q: How do I know which settings to use?
A: Every single input has a detailed tooltip. Hover over any setting to see:
What it does
How it affects trading
Typical values for scalping, day trading, swing trading
Start with defaults, adjust gradually based on results.
Q: Can I use this on crypto 24/7 markets?
A: Yes. ORB will not work (no defined session), but everything else functions normally. Use "Day" anchor for VWAP instead of "Session".
Q: The Bias Table is blank or not showing.
A: Check:
"Show Table" is ON
Table position isn't overlapping another indicator's table (change position)
At least one row is enabled
"Hide BIAS table on 1D or above" is OFF (if on Daily+ chart)
Q: Why are candlestick patterns not appearing?
A: Patterns are relatively rare by design - they only appear at genuine reversal points. Check:
Pattern toggles are ON
"Min candle body %" isn't too high (try 0.05-0.10)
You're looking at a chart with actual reversals (not strong trending market)
Q: UT Bot is too sensitive/not sensitive enough.
A: Adjust "Sensitivity (Key×ATR)". Lower number = tighter stop, more signals. Higher number = wider stop, fewer signals. Read the tooltip for guidance.
Q: Can I get alerts for the Bias Table?
A: The Bias Table is a dashboard for visual analysis, not a signal generator. Set alerts on UT Bot or Base signals, then manually check Bias Table for confirmation.
Q: Does this work on stocks with low volume?
A: Yes, but turn OFF the volume filter. Low volume stocks will never meet relative volume requirements.
Q: How often should I check the Bias Table?
A: Before every entry. It takes 2 seconds to glance at the AVG column and headline rows. This one check can save you from fighting the trend.
Q: What if UT signal and Base signal disagree?
A: UT Bot is more aggressive (ATR trailing). Base signals are more conservative (MA cross + filters). If they disagree, either:
Wait for both to align (safest)
Take the UT signal but with smaller size (aggressive)
Skip the trade (conservative)
There's no "right" answer - depends on your risk tolerance.
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FINAL NOTES
The indicator gives you an edge. How you use that edge determines results.
For questions, feedback, or support, comment on the indicator page or message the author.
Happy Trading!
Volume Rotor Clock [hapharmonic]🕰️ Volume Rotor Clock
The Volume Rotor Clock is an indicator that separates buy and sell volume, compiling these volumes over a recent number of bars or a specified past period, as defined by the user. This helps to reveal accumulation (buying) or distribution (selling) behavior, showing which side has superior volume. With its unique and beautiful display, the Volume Rotor Clock is more than just a timepiece; it's a dynamic dashboard that visualizes the buying and selling pressure of your favorite symbols, all wrapped in an elegant and fully customizable interface.
Instead of just tracking price, this indicator focuses on the engine behind the movement: volume. It helps you instantly identify which assets are under accumulation (buying) and which are under distribution (selling).
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🎨 20 Pre-configured Templates
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🧐 Interpreting the Clock Display
The interface is designed to give you multiple layers of information at a glance. Let's break down what each part represents.
1. The Main Clock Hands (Current Chart Symbol)
The clock hands—hour, minute, and second—are dedicated to the symbol on your current active chart .
Minute Hand: Displays the base currency of the current symbol (e.g., USDT, USD) at its tip.
Hour Hand: Displays the percentage of the winning volume side (buy vs. sell) at its tip.
Color Gauge: The color of the text characters at the tip of both the hour and minute hands acts as your primary volume gauge for the current symbol.
If buy volume is dominant , the text will be green .
If sell volume is dominant , the text will be red .
Tooltip: Hovering your mouse over the text at the tip of the hour or minute or other spherical elements hand will reveal a detailed tooltip with the precise Buy Volume, Sell Volume, Total Volume, Buy %, and Sell % for the current chart's symbol.
2. The Volume Scanner: Bulls & Bears (Symbols Inside the Clock) 🐂🐻
The circular symbols scattered inside the clock face are your multi-symbol volume scanner. They represent the assets you've selected in the indicator's settings.
Green Circles (Bulls - Upper Half): These represent symbols from your list where the total buy volume is greater than the total sell volume over the defined "Lookback" period. They are considered to be under bullish accumulation. The size of the circle and its text grows larger as the buy percentage becomes more dominant. The percentage shown within the circle represents the buy volume's share of the total volume, calculated over the 'Lookback (Bars)' you've set.
Red Circles (Bears - Lower Half): These represent symbols where the total sell volume is greater than the total buy volume. They are considered to be under bearish distribution or selling pressure. The size of the circle indicates the dominance of the sell-side volume. The percentage shown within the circle represents the sell volume's share of the total volume, calculated over the 'Lookback (Bars)' you've set.
3. The Bullish Watchlist (Symbols Above the Clock) ⭐
The symbols arranged neatly along the top edge of the clock are the "best of the bulls." They are symbols that are not only bullish but have also passed an additional, powerful strength filter.
What it Means: A symbol appears here when it shows signs of sustained, high-volume buying interest . It's a way to filter out noise and focus on assets with potentially significant accumulation phases.
The Filter Logic: For a bullish symbol (where total buy volume > total sell volume) to be promoted to the watchlist, its trading volume must meet specific criteria based on this formula:
ta.barssince(not(volume > ta.sma(volume, X))) >= Y
In plain English, this means: The indicator checks how many consecutive bars the `volume` has been greater than its `X`-bar Simple Moving Average (`ta.sma(volume, X)`). If this count is greater than or equal to `Y` bars, the condition is met.
(You can configure `X` (Volume MA Length) and `Y` (Consecutive Days Above MA) in the settings.)
Why it's Useful: This filter is powerful because it looks for consistency . A single spike in volume can be an anomaly. However, when an asset's volume remains consistently above its recent average for several consecutive days, it strongly suggests that larger players or a significant portion of the market are actively accumulating the asset. This sustained interest can often precede a significant upward price trend.
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⚙️ Indicator Settings Explained
The Volume Rotor Clock is highly customizable. Here’s a detailed walkthrough of every setting available in the "Inputs" tab.
🎨 Color Scheme
This group allows you to control the entire aesthetic of the clock.
Template: Choose from a wide variety of professionally designed color themes.
Use Template: A simple checkbox to switch between using a pre-designed theme and creating your own.
`Checked`: You can select a theme from the dropdown menu, which offers 20 unique templates like "Cyberpunk Neon" or "Forest Green". All custom color settings below will be disabled (grayed out and unclickable).
`Unchecked`: The template dropdown is disabled, and you gain full control over every color element in the sections below.
🖌️ Custom Appearance & Colors
These settings are only active when "Use Template" is unchecked.
Flame Head / Tail: Sets the start and end colors for the dynamic flame effect that traces the clock's border, representing the second hand.
Numbers / Main Numbers: Customize the color of the regular hour numbers (1, 2, 4, 5...) and the main cardinal numbers (3, 6, 9, 12).
Sunburst Colors (1-6): Controls the six colors used in the gradient background for the "sunburst" effect inside the clock face.
Hands & Digital: Fine-tune the colors for the Hour/Minute Hand, Second Hand, central Pivot point, and the digital time display.
Chain Color / Width: Customize the appearance of the two chains holding the clock.
📡 Volume Scanner
Control the behavior of the multi-symbol scanner.
Show Scanner Labels: A master switch to show or hide all the bull/bear symbol circles inside the clock.
Lookback (Bars): A crucial setting that defines the calculation period for buy/sell volume for all scanned symbols. The calculation is a sum over the specified number of recent bars.
`0`: Calculates using the current bar only .
`7`: Calculates the sum of volume over the last 8 bars (the current bar + 7 historical bars).
Symbols List: Here you can enable/disable up to 20 slots and input the ticker for each symbol you want to scan (e.g., BINANCE:BTCUSDT , NASDAQ:AAPL ).
⭐ Bullish Watchlist Filter
Configure the criteria for the elite watchlist symbols displayed above the clock.
Enable Watchlist: A master switch to turn the entire watchlist feature on or off.
Volume MA Length: Sets the lookback period `(X)` for the Simple Moving Average of volume used in the filter.
Consecutive Days Above MA: Sets the minimum number of consecutive days `(Y)` that volume must close above its MA to qualify.
Symbols Per Row: Determines the maximum number of watchlist symbols that can fit in a single row before a new row is created above it.
Background / Text Color: When not using a template, you can set custom colors for the watchlist symbols' background and text.
📏 Position & Size
Adjust the clock's placement and dimensions on your chart.
Clock Timezone: Sets the timezone for the digital and analog time display. You can use standard formats like "America/New_York" or enter "Exchange" to sync with the chart's timezone.
Radius (Bars): Controls the overall size of the clock. The radius is measured in terms of the number of bars on the x-axis.
X Offset (Bars): Moves the entire clock horizontally. Positive values shift it to the right; negative values shift it to the left.
Y Offset (Price %): Moves the entire clock vertically as a percentage of your screen's price pane. Positive values move it up; negative values move it down.
Order Block Matrix [Alpha Extract]The Order Block Matrix indicator identifies and visualizes key supply and demand zones on your chart, helping traders recognize potential reversal points and high-probability trading setups.
This tool helps traders:
Visualize key order blocks with volume profile histograms showing liquidity distribution.
Identify high-volume price levels where institutional activity occurs.
rank historical order blocks and analyze their strength based on volume.
Receive alerts for potential trading opportunities based on price-block interactions.
🔶 CALCULATION
The indicator processes chart data to identify and analyze order blocks:
Order Block Detection
Inputs:
Price action patterns (consolidation areas followed by breakouts).
Volume data from current and lower timeframes.
User-defined lookback periods and thresholds.
Detection Logic:
Identifies consolidation areas using a dynamic range comparison.
Confirms breakout patterns with percentage threshold validation.
Maps volume distribution across price levels within each order block.
🔶Volume Analysis
Volume Profiling:
Divides each order block into configurable grid segments.
Maps volume distribution across price segments within blocks.
Highlights zones with highest volume concentration.
Strength Assessment:
Calculates total block volume and relative strength metrics.
Compares block volume to historical averages.
Determines probability of reversal based on volume patterns.
isConsolidation(len) =>
high_range = ta.highest(high, len) - ta.lowest(high, len)
low_range = ta.highest(low, len) - ta.lowest(low, len)
avg_range = (high_range + low_range) / 2
current_range = high - low
current_range <= avg_range * (1 + obThreshold)
🔶 DETAILS
Visual Features
Volume Profile Histograms:
Color-coded bars showing volume concentration within order blocks.
Gradient coloring based on relative volume (high volume = brighter colors).
Bull blocks (green/teal) and bear blocks (red) with varying opacity.
Block Visualization:
Dynamic box sizing based on volume concentration.
Optional block borders and background fills.
Volume labels showing total block volume.
Screener Table:
Real-time analysis of order block metrics.
Shows block direction, proximity, retest count, and volume metrics.
Color-coded for quick reference.
Interpretation
High Volume Areas: Zones with institutional interest and potential reversal points.
Block Direction: Bullish blocks typically support price, bearish blocks typically resist price.
Retests: Multiple tests of an order block may strengthen or weaken its influence.
Block Age: Newer blocks often have stronger influence than older ones.
Volume Concentration: Brightest segments within blocks represent the highest volume areas.
🔶 EXAMPLES
The indicator helps identify key trading opportunities:
Bullish Order Blocks
Support Zones: Identify strong support levels where price is likely to bounce.
Breakout Confirmation: Validate breakouts with volume analysis to avoid false moves.
Retest Strategies: Enter trades when price retests a bullish order block with high volume.
Bearish Order Blocks
Resistance Zones: Identify strong resistance levels where price is likely to reverse.
Distribution Areas: Detect zones where smart money is distributing to retail.
Short Opportunities: Find optimal short entry points at high-volume bearish blocks.
Combined Strategies
Order Block Stacking: Multiple aligned blocks create stronger support/resistance zones.
Block Mitigation: When price breaks through a block, it often indicates a strong trend continuation.
Volume Profile Applications: Higher volume segments provide more precise entry and exit points.
🔶 SETTINGS
Customization Options
Order Block Detection:
Consolidation Lookback: Adjust the period for consolidation detection.
Breakout Threshold: Set minimum percentage for breakout confirmation.
Historical Lookback Limit: Control how far back to scan for historical order blocks.
Maximum Order Blocks: Limit the number of visible blocks on the chart.
Visual Style:
Grid Segments: Adjust the number of volume profile segments.
Extend Blocks to Right: Enable/disable extending blocks to current price.
Show Block Borders: Toggle border visibility.
Border Width: Adjust thickness of block borders.
Show Volume Text: Enable/disable volume labels.
Volume Text Position: Control placement of volume labels.
Color Settings:
Bullish High/Low Volume Colors: Customize appearance of bullish blocks.
Bearish High/Low Volume Colors: Customize appearance of bearish blocks.
Border Color: Set color for block outlines.
Background Fill: Adjust color and transparency of block backgrounds.
Volume Text Color: Customize label appearance.
Screener Table:
Show Screener Table: Toggle table visibility.
Table Position: Select positioning on the chart.
Table Size: Adjust display size.
The Order Block Matrix indicator provides traders with powerful insights into market structure, helping to identify key levels where smart money is active and where high-probability trading opportunities may exist.
ASCII ARTASCII ART - Simple ASCII Art Display Indicator
A minimalist indicator that displays ASCII art on your TradingView charts. This tool allows you to add creative visual elements to your charts through ASCII art text.
Key Features
Input ASCII art through a text area
Choose from 9 display positions (top-left, top-center, top-right, middle-left, middle-center, middle-right, bottom-left, bottom-center, bottom-right)
Customize font size
Set font color
How to Use
Add the indicator to your chart
Input your ASCII art in the text area
Configure position, font size, and color
View your art on the chart
Settings
Text Area: Input field for ASCII art
Table position: Select display location
Font size: Set text size (0 for auto-adjust)
Font color: Choose text color
This script is created for educational purposes and does not provide trading signals. It is purely designed for displaying ASCII art on your charts to enhance visual customization.
PDHL Sweep + C123 (by Veronica)The "PDHL Sweep + C123" is an indicator to identify potential reversal or continuation patterns in the market by combining key price levels from the previous day with a custom three-candle pattern analysis.
Key Features:
1. Previous Day High/Low Sweep:
The indicator automatically plots horizontal lines marking the previous day's high and low prices.
If the price crosses these key levels, the lines will change from solid to dashed, indicating a potential sweep or breakout.
2. Three-Candle Pattern Analysis:
The indicator identifies specific three-candle patterns that could signal a bullish or bearish setup. The pattern is validated if certain conditions are met, including the relationship between candle bodies and whether the price has crossed the previous day's high or low.
3. Marubozu Condition (Optional):
Users can enable a condition that checks if the Candle 1 and 3 in the pattern is a Marubozu, with a customizable body size percentage.This adds an extra layer of confirmation to the pattern. Default is switch on for both candle 1 and 3.
4. Customizable Alerts:
Users can set alerts for when a "Buy" or "Sell" signal is triggered, allowing them to stay informed of potential trading opportunities without constantly monitoring the charts.
Callout Signals:
When a valid bullish or bearish pattern is identified, the indicator places a "Buy" or "Sell" callout on the chart for clear visual signaling.
5. Customizable colour and text:
Users can customize the color and text of these callouts to suit their preferences.
How to Use:
Bullish Signal: A "Buy" callout will appear when a valid three-candle bullish pattern is detected and the price has crossed below the previous day's low.
Bearish Signal: A "Sell" callout will appear when a valid three-candle bearish pattern is detected and the price has crossed above the previous day's high.
Customize the appearance of the indicator, including line colors, callout colors, and text colors, to match your charting style.
This indicator is ideal for traders who rely on price action and key levels for their trading decisions. It provides clear signals and alerts, helping you stay on top of potential market reversals or continuations.
Correlation Analysis Tool📈 What Does It Do?
Correlation Calculation: Measures the correlation between a selected asset (Asset 1) and up to four additional assets (Asset 2, Asset 3, Asset 4, Asset 5).
User Inputs: Allows you to define the primary asset and up to four comparison assets, as well as the period for correlation calculations.
Correlation Matrix: Displays a matrix of correlation coefficients as a text label on the chart.
🔍 How It Works
Inputs: Enter the symbols for Asset 1 (main asset) and up to four other assets for comparison.
Correlation Period: Specify the period over which the correlations are calculated.
Calculations: Computes log returns for each asset and calculates the correlation coefficients.
Display: Shows a textual correlation matrix at the top of the chart with percentage values.
⚙️ Features
Customizable Assets: Input symbols for one primary asset and up to four other assets.
Flexible Period: Choose the period for correlation calculation.
Correlation Coefficients: Outputs correlation values for all asset pairs.
Textual Correlation Matrix: Provides a correlation matrix with percentage values for quick reference.
🧩 How to Use
Add the Script: Apply the script to any asset’s chart.
Set Asset Symbols: Enter the symbols for Asset 1 and up to four other assets.
Adjust Correlation Period: Define the period for which correlations are calculated.
Review Results: Check the correlation matrix displayed on the chart for insights.
🚨 Limitations
Historical Data Dependency: Correlations are based on historical data and might not reflect future market conditions.
No Visual Plots Yet: This script does not include visual plots; it only provides a textual correlation matrix.
💡 Best Ways To Use
Sector Comparison: Compare assets within the same sector or industry for trend analysis.
Diversification Analysis: Use the correlations to understand how different assets might diversify or overlap in your portfolio.
Strategic Decision Making: Utilize correlation data for making informed investment decisions and portfolio adjustments.
📜 Disclaimer
This script is for educational and informational purposes only. Please conduct your own research and consult with a financial advisor before making investment decisions. The author is not responsible for any losses or damages resulting from the use of this script.
Event on charts**Event on Charts Indicator**
This indicator visually marks significant events on your chart. It is highly customizable, allowing you to activate or deactivate different groups of events and choose whether to display the event text directly on the chart or only when hovered over. Each group of events can be configured with distinct settings such as height mode, color, and label style.
### Key Features:
- **Group Activation:** Enable or disable different groups of events based on your analysis needs.
- **Text Display Options:** Choose to display event texts directly on the chart or only on hover.
- **Customizable Appearance:** Adjust the height mode, offset multiplier, bubble color, text color, and label shape for each group.
- **Predefined Events:** Includes predefined events for major crashes, FED rate changes, SPX tops and bottoms, geopolitical conflicts, economic events, disasters, and significant Bitcoin events.
### Groups Included:
1. **Crash Events:** Marks major market crashes.
2. **FED Rate Events:** Indicates changes in the Federal Reserve rates.
3. **SPX Top Events:** Highlights market tops for the S&P 500.
4. **Geopolitical Conflicts:** Marks significant geopolitical events.
5. **Economic Events:** Highlights important economic events such as bankruptcies and crises.
6. **Disaster and Cyber Events:** Indicates major disasters and cyber attacks.
7. **Bitcoin Events:** Marks significant events in the Bitcoin market.
8. **SPX Bottom Events:** Highlights market bottoms for the S&P 500.
### Usage:
This indicator is useful for traders and analysts who want to keep track of historical events that could impact market behavior. By visualizing these events on the chart, you can better understand market reactions and make informed decisions.
EagleEyeEmbedsLibrary "EagleEyeEmbeds"
Pine Script library to build out a webhook that is catered to Discord Embed
formatTimeframe()
discordWebhookJSON(contentText, username, avatar_url, embeds)
Constructs a JSON string for a Discord webhook message. This string includes optional fields for content, username, avatar URL, and embeds.
Parameters:
contentText (string) : (string, optional): The main text content of the webhook message. Default is 'na'.
username (string) : (string, optional): Overrides the default username of the webhook. Default is 'na'.
avatar_url (string) : (string, optional): Overrides the default avatar URL of the webhook. Default is 'na'.
embeds (string) : (string, optional): A string containing one or more embed JSON objects. This should be formatted correctly as a JSON array. Default is 'na'.
createEmbedJSON(title, description, url, thumbImgUrl, color, authorName, authorUrl, authorIconUrl, fields, imageUrl, timeStamp, footerText, footerIconUrl)
Creates a JSON string for a single embed object for a Discord webhook.
Parameters:
title (string) : (string, optional): The title of the embed. Default is 'na' (not applicable).
description (string) : (string, optional): The description text of the embed. Supports basic formatting. Default is 'na'.
url (string)
thumbImgUrl (string)
color (int) : (int, optional): The color code of the embed, typically in decimal format. Default is 'na'.
authorName (string) : (string, optional): The name of the author to display in the embed. Default is 'na'.
authorUrl (string) : (string, optional): The URL linked to the author's name. Default is 'na'.
authorIconUrl (string) : (string, optional): The URL of the icon to display next to the author's name. Default is 'na'.
fields (string) : (string, optional): A string containing one or more field JSON objects. This should be formatted correctly as a JSON array. Default is 'na'. Note: Use the 'createEmbedFieldJSON' function to generate these JSON field strings before adding them to the array.
imageUrl (string)
timeStamp (string)
footerText (string) : (string, optional): The footer text to display in the embed.
footerIconUrl (string) : (string, optional): The URL of the icon to display next to the footer text.
createEmbedFieldJSON(name, value, inline)
Creates a JSON string representing a single field object within an embed for a Discord webhook message.
Parameters:
name (string) : (string): The name of the field, acting as a title for the field content.
value (string) : (string): The value of the field, containing the actual text or information you want to display within the field.
inline (bool) : (bool, optional): A boolean flag indicating whether the field should be displayed inline with other fields. If set to true, the field will be displayed on the same line as the next field
Channels With Patterns [ChartPrime]The Channels With Patterns indicator is an attempt at minimizing the delay in forming a trend channel. This indicator uses a single pivot in conjunction with a smooth version of the price to estimate the direction of an emerging trend. Using ATR, this indicator estimates the volatility of the new trend by adjusting the channel size by a multiple of the current ATR.
One of the biggest complains for any trend indicator is that it takes too long to create a channel or trend line. This indicator estimates the trend channel by checking if the price is moving in the correct direction and then it projects the channel from a single pivot. To allow for some margin of error, this script uses an offset to help center the channel.
This offset is generated from the ATR at the time of formation. In conjunction with forming estimated trend channels, this indicator features select candle stick patterns. These candle stick patterns are filtered by location in the formed trend channel. If the price is within an extremity of the trend channel it will appear. Filtering classical vanilla candle stick patterns using this methodology can result in some interesting results and possible confluence points for traders. For example; a bearish hammer appearing when filtered in an upper zone might add an extra level of realtime unique confluence traders.
Traders can use this script as a general trend line indicator that is a bit more forward looking than others, or it can be used it as its full blown trend channel estimator. Due to the fact that this is an estimate using the minimum possible information to make the channel, its accuracy will not always be perfect and can suffer compared to alternative methods.
When configuring the indicator it is important to understand the role of each input. Here is a description of all of the settings provided:
Presets (`preset`): This input allows users to quickly configure the indicator based on the market they are trading in. Selecting "Stocks," "Forex," or "Crypto" automatically adjusts various parameters to settings deemed optimal for these markets. The "User" option lets traders manually configure settings for a more personalized approach.
Style (`style`): This setting determines how pivot points are calculated. "Wick" uses the high and low of candlesticks (including wicks), which can be more sensitive to market extremes. "Body" uses only the open and close prices (the body of the candlesticks), potentially offering a more stable pivot point calculation.
Break Style (`break_style`): This option defines what price is used to determine if a channel has been broken. "Close" uses the closing price of a candlestick, while "High/Low" uses the highest and lowest prices. This affects how channel breaks are identified and can influence trading signals.
Instant Mode (`instant`): When enabled, this feature allows the indicator to form channels more quickly by initiating them as soon as potential formations are detected. This can provide earlier signals but may increase the risk of false positives.
ATR Length (`atr_length`): This input sets the period for the Average True Range (ATR), a common volatility indicator. A longer ATR period may smooth out the channel but could delay responsiveness to market changes. A shorter period might make the channel more responsive but potentially more erratic.
Offset Center (`offset`): Adjusts the vertical positioning of the channel. This can help in aligning the channel more accurately with the price action, depending on market conditions and personal trading strategies.
Size (`atr_multiplier`): Alters the channel's size relative to the ATR. A higher multiplier makes a wider channel, which might be useful in more volatile markets. A lower multiplier tightens the channel, which could be better for less volatile conditions.
Padding % (`padding`): This setting adjusts the padding within the top and bottom quarters of the channel. It essentially fine-tunes the channel's sensitivity to price movements near its boundaries.
Pivot Length (`pivot_length`): Determines the number of bars used to calculate pivot points. A longer length may provide more significant pivot points but can reduce the number of channels formed.
Pivot Look Forward (`look_forward`): Sets the number of bars to look forward in the pivot calculation, affecting how quickly the channel adapts to new pivots.
Average H/L Length (`avg_length`): Controls the smoothing of the high and low prices used in the channel calculation. A longer average length can lead to smoother, more gradual channel slopes.
Enable Hammer (`enable_hammer`): When enabled, the indicator will highlight Hammer candlestick patterns, which are often considered bullish reversal indicators.
Enable Inverted Hammer (`enable_ihammer`): This toggles the display of Inverted Hammer patterns, typically viewed as potential bullish reversal signals.
Enable Bullish Engulfing (`enable_bullish_engulfing`): Enables the identification of Bullish Engulfing patterns, another type of bullish reversal indicator.
Enable Bearish Engulfing (`enable_bearish_engulfing`): When activated, this highlights Bearish Engulfing patterns, which are often interpreted as bearish reversal signals.
Extend Channel (`extend`): This option, when enabled, extends the drawn channels forward until they are either broken or a new channel is formed.
Show Break Label (`show_break_label`): Toggles the display of labels indicating where the channel has been broken, providing visual cues for potential trade entries or exits.
Channel History Length (`history_length`): Determines how many historical channels are displayed on the chart. This can be useful for analyzing past performance and patterns.
Channel Colors (`top_color`, `bottom_color`, `center_color`): These settings allow customization of the channel's appearance by setting the colors of the top, bottom, and center lines.
Line Transparency (`line_trans`): Adjusts the transparency of the channel lines, helping to balance visibility with chart readability.
Center Line Transparency (`center_trans`): Specifically sets the transparency level of the center line of the channel.
Channel Fill Transparency (`fill_trans`): Modifies the transparency of the filled areas between the channel lines, which can enhance chart clarity and focus on the price action.
Break Colors (`break_up_color`, `break_down_color`): Sets the colors for labels that appear when the channel is broken, either upwards or downwards.
Break Label Text Color (`text_color`): Determines the color of the text in the break labels, enhancing readability based on the chart's background and color scheme.
Candle Pattern Colors (`h_color`, `ih_color`, `bullish_engulfing_color`, `bearish_engulfing_color`): These inputs allow for the customization of the colors used to highlight various candle patterns on the chart.
Candle Pattern Text Color (`candle_text_color`): Sets the color of the text for labels associated with candle pattern indicators.
Alerts (`new_channel_alert`, `break_alert`, `hammer_alert`, `ihammer_alert`, `bullish_engulfing_alert`, `bearish_engulfing_alert`): These toggles enable or disable alerts for different events, such as the formation of new channels, channel breaks, or the appearance of specific candle patterns. This feature is crucial for traders who rely on timely notifications for potential trading opportunities.
We have provided a few presets to allow you to get a feeling for how the indicator works with different settings easily. Here is a description of the settings used in each preset:
Stocks Preset:
Style: "Wick"
Break Style: False (High/Low)
Instant Mode: True
ATR Length: 10
Size (ATR Multiplier): 4
Pivot Length: 10
Pivot Look Forward: 15
Average H/L Length: 18
Forex Preset:
Style: "Wick"
Break Style: False (High/Low)
Instant Mode: True
ATR Length: 100
Size (ATR Multiplier): 5
Pivot Length: 10
Pivot Look Forward: 15
Average H/L Length: 18
Crypto Preset:
Style: "Wick"
Break Style: False (High/Low)
Instant Mode: True
ATR Length: 10
Size (ATR Multiplier): 4
Pivot Length: 10
Pivot Look Forward: 15
Average H/L Length: 18
This script first starts by defining and collecting the relevant data for the main body of the code with data(). This generates the pivot data, the levels, the ranges, the averages, the deltas, and finally the candle sticks. Once there is a higher low, or lower high detected via the pivots and the current price it triggers the formation of the new channel. It takes the delta between the last pivot and the current average price and projects the trend channel using this delta. If the price exceeds the extremities of the channel it will classify this as a break from the estimated structure and begin looking for a new channel. The idea is that when trending, the price will oscillate between extremities as defined by a range and direction. If the price is inside of one of these extremities the script will look for candle stick patterns. This is how the script operates.
On a more technical level, this script is meant to showcase Pine Script's custom types and methods. We have made use of a properties pattern allows functions to use a minimal number of arguments. This allows you to add new inputs without modifying a string of functions. The use of methods and data structures allows the main body of the code to be easy to understand and for the script as a whole to be easily modified. We have made sure that the script is modular so that users can incorporate this into their own custom scripts. It should be easy to expand on this script as the main logic is fairly compact and open for easy modification. All features are packed into their own function for easy use elsewhere. This is particularly evident in the candle stick section. I have simplified the process of creating candle stick patterns by creating a type. All users have to do is make methods for this type.
candle()=>
polarity = open < close
body_top = math.max(open, close)
body_bottom = math.min(open, close)
body_range = body_top - body_bottom
top_wick = high - body_top
bottom_wick = body_bottom - low
average_body = ta.ema(body_range, 14)
average_top_wick = ta.ema(top_wick, 14)
average_bottom_wick = ta.ema(bottom_wick, 14)
has_body = body_range != 0
has_top_wick = top_wick != 0
has_bottom_wick = bottom_wick != 0
above_average_body = body_range > average_body
above_average_top_wick = top_wick > average_top_wick
above_average_bottom_wick = bottom_wick > average_bottom_wick
candle_data.new(
polarity
, body_top
, body_bottom
, body_range
, top_wick
, bottom_wick
, average_body
, average_top_wick
, average_bottom_wick
, has_body
, has_top_wick
, has_bottom_wick
, above_average_body
, above_average_top_wick
, above_average_bottom_wick
)
In conclusion, this script offers a blend of rapid trend channel formation and candlestick pattern recognition, making it a unique tool for traders looking for a more proactive approach to trend analysis.
