Trend Speed Analyzer (Zeiierman)█ Overview
The Trend Speed Analyzer by Zeiierman is designed to measure the strength and speed of market trends, providing traders with actionable insights into momentum dynamics. By combining a dynamic moving average with wave and speed analysis, it visually highlights shifts in trend direction, market strength, and potential reversals. This tool is ideal for identifying breakout opportunities, gauging trend consistency, and understanding the dominance of bullish or bearish forces over various timeframes.
█ How It Works
The indicator employs a Dynamic Moving Average (DMA) enhanced with an Accelerator Factor, allowing it to adapt dynamically to market conditions. The DMA is responsive to price changes, making it suitable for both long-term trends and short-term momentum analysis.
Key components include:
Trend Speed Analysis: Measures the speed of market movements, highlighting momentum shifts with visual cues.
Wave Analysis: Tracks bullish and bearish wave sizes to determine market strength and bias.
Normalized Speed Values: Ensures consistency across different market conditions by adjusting for volatility.
⚪ Average Wave and Max Wave
These metrics analyze the size of bullish and bearish waves over a specified Lookback Period:
Average Wave: This represents the mean size of bullish and bearish movements, helping traders gauge overall market strength.
Max Wave: Highlights the largest movements within the period, identifying peak momentum during trend surges.
⚪ Current Wave Ratio
This feature compares the current wave's size against historical data:
Average Wave Ratio: Indicates if the current momentum exceeds historical averages. A value above 1 suggests the trend is gaining strength.
Max Wave Ratio: Shows whether the current wave surpasses previous peak movements, signaling potential breakouts or trend accelerations.
⚪ Dominance
Dominance metrics reveal whether bulls or bears have controlled the market during the Lookback Period:
Average Dominance: Compares the net difference between average bullish and bearish wave sizes.
Max Dominance: Highlights which side had the stronger individual waves, indicating key power shifts in market dynamics.
Positive values suggest bullish dominance, while negative values point to bearish control. This helps traders confirm trend direction or anticipate reversals.
█ How to Use
Identify Trends: Leverage the color-coded candlesticks and dynamic trend line to assess the overall market direction with clarity.
Monitor Momentum: Use the Trend Speed histogram to track changes in momentum, identifying periods of acceleration or deceleration.
Analyze Waves: Compare the sizes of bullish and bearish waves to identify the prevailing market bias and detect potential shifts in sentiment. Additionally, fluctuations in Current Wave ratio values should be monitored as early indicators of possible trend reversals.
Evaluate Dominance: Utilize dominance metrics to confirm the strength and direction of the current trend.
█ Settings
Maximum Length: Sets the smoothing of the trend line.
Accelerator Multiplier: Adjusts sensitivity to price changes.
Lookback Period: Defines the range for wave calculations.
Enable Table: Displays statistical metrics for in-depth analysis.
Enable Candles: Activates color-coded candlesticks.
Collection Period: Normalizes trend speed values for better accuracy.
Start Date: Limits calculations to a specific timeframe.
Timer Option: Choose between using all available data or starting from a custom date.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Indicators and strategies
Support/Resistance Strength [UAlgo]The Support/Resistance Strength indicator is a tool designed for traders seeking a precise understanding of key support and resistance levels in the market. This tool dynamically identifies and visualizes support and resistance zones based on pivot points and strength criteria, providing traders with actionable insights for better decision-making.
By incorporating features such as ATR-based or percentage-based channel calculations, customizable strength thresholds, and intuitive visualization of key levels, the indicator caters to traders of various skill levels and strategies. It also adapts dynamically to market conditions, allowing users to identify frequently tested zones with minimal manual input.
🔶 Key Features
Dynamic Support and Resistance Zones
Automatically detects significant support and resistance levels using pivot high and low calculations.
Offers ATR-based or percentage-based channel customization to cater to diverse trading styles.
Customizable Parameters
Lookback period for pivot calculations, strength threshold, and maximum stored pivots are fully adjustable.
Display options for showing specific numbers of recent support/resistance lines.
Intuitive Visualization
Highlights key support and resistance levels with color-coded lines and labels.
Includes percentage deviation from the current price for quick assessment.
Interactive Updates
Continuously updates support and resistance levels to reflect changing market dynamics.
Displays pivot points visually for enhanced clarity.
Can be used effectively on various timeframes, from intraday to daily and weekly charts.
🔶 Interpreting the Indicator
Identifying Key Levels
Support levels are indicated by green (lime) lines and resistance levels by red lines. The transparency of colors is adjustable for visual preference.
Labels display the exact price level and the percentage difference from the current price.
Strength Threshold
The "Minimum S/R Strength" parameter defines how frequently a level must be tested to be considered significant.
Higher strength values indicate zones that have been tested more frequently, suggesting stronger support or resistance.
Pivot Points
The indicator marks pivot high and low points on the chart to provide a visual representation of the calculated levels.
Dynamic Updates
The indicator adapts to the most recent price action. If the price moves above a resistance level or below a support level, the color of the lines and labels will dynamically change to reflect the current price positioning.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Azlan MA Silang PLUS++Overview
Azlan MA Silang PLUS++ is an advanced moving average crossover trading indicator designed for traders who want to jump back into the market when they missed their first opportunity to take a trade. It implements a sophisticated dual moving average system with customizable settings and re-entry signals, making it suitable for both trend following and swing trading strategies.
Key Features
• Dual Moving Average System with multiple MA types (EMA, SMA, WMA, LWMA)
• Customizable price sources for each moving average
• Smart re-entry system with configurable maximum re-entries
• Visual signals with background coloring and shape markers
• Comprehensive alert system for both initial and re-entry signals
• Flexible parameter customization through input options
Input Parameters
Moving Average Configuration
• MA1 Type: Choice between SMA, EMA, WMA, LWMA (default: EMA)
• MA2 Type: Choice between SMA, EMA, WMA, LWMA (default: EMA)
• MA1 Length: Minimum value 1 (default: 8)
• MA2 Length: Minimum value 1 (default: 15)
• MA1 & MA2 Shift: Offset values for moving averages
• Price Sources: Configurable for each MA (Open, High, Low, Close, HL/2, HLC/3, HLCC/4)
Re-entry System
• Enable/Disable re-entry signals
• Maximum re-entries allowed (default: 3)
Technical Implementation
Price Source Calculation
The script implements a flexible price source system through the price_source() function:
• Supports standard OHLC values
• Includes compound calculations (HL/2, HLC/3, HLCC/4)
• Defaults to close price if invalid source specified
Moving Average Types
Implements four MA calculations:
1. SMA (Simple Moving Average)
2. EMA (Exponential Moving Average)
3. WMA (Weighted Moving Average)
4. LWMA (Linear Weighted Moving Average)
Signal Generation Logic
Initial Signals
• Buy Signal: MA1 crosses above MA2 with price above both MAs
• Sell Signal: MA1 crosses below MA2 with price below both MAs
Re-entry Signals
Re-entry system activates when:
1. Price crosses under MA1 in buy mode (or over in sell mode)
2. Price returns to cross back over MA1 (or under for sells)
3. Position relative to MA2 confirms trend direction
4. Number of re-entries hasn't exceeded maximum allowed
Visual Components
• MA1: Blue line (width: 2)
• MA2: Red line (width: 2)
• Background Colors:
o Green (60% opacity): Bullish conditions
o Red (60% opacity): Bearish conditions
• Signal Markers:
o Initial Buy/Sell: Up/Down arrows with "BUY"/"SELL" labels
o Re-entry Buy/Sell: Up/Down arrows with "RE-BUY"/"RE-SELL" labels
Alert System
Generates alerts for:
• Initial buy/sell signals
• Re-entry opportunities
• Alerts include ticker and timeframe information
• Configured for once-per-bar-close frequency
Usage Tips
1. Moving Average Selection
o Shorter periods (MA1) capture faster moves
o Longer periods (MA2) identify overall trend
o EMA responds faster to price changes than SMA
2. Re-entry System
o Best used in strong trending markets
o Limit maximum re-entries based on market volatility
o Monitor price action around MA1 for potential re-entry points
3. Risk Management
o Use additional confirmation indicators
o Set appropriate stop-loss levels
o Consider market conditions when using re-entry signals
Code Structure
The script follows a modular design with distinct sections:
1. Input parameter definitions
2. Helper functions for price and MA calculations
3. Main signal generation logic
4. Visual elements and plotting
5. Alert system implementation
This organization makes the code maintainable and easy to modify for custom needs.
Double Top/Bottom [AlgoAlpha]Introducing the Double Top/Bottom Indicator by AlgoAlpha, a powerful tool designed to identify key reversal patterns in the market with precision. This indicator meticulously detects double tops and double bottoms, helping traders recognize potential trend reversals and make informed trading decisions.
Key Features:
🔍 Pattern Detection : Accurately identifies double top and double bottom formations based on customizable time horizons.
🎨 Customizable Appearance : Choose your preferred colors for bullish and bearish trends to match your trading style.
📊 Signal Labels : Option to display only the second pivot of the double top/bottom for a cleaner chart view.
🔧 Flexible Settings : Adjust the time horizon to control the look-back period, allowing for detection of both short-term and long-term patterns.
📈 Visual Enhancements : Draws trend lines and fills between pivotal points to visually highlight potential reversal zones.
🔔 Alerts : Set up alerts for potential double top and double bottom formations to stay informed of key market movements.
How to Use the Double Top/Bottom Indicator :
🛠 Add the Indicator : Simply add the Double Top/Bottom Indicator to your TradingView chart from your favorites. Customize the time horizon and appearance settings to fit your trading preferences.
📊 Analyze Patterns : Watch for the identified double top and double bottom patterns along with the corresponding trend lines and filled areas to anticipate potential market reversals.
🔔 Set Alerts : Enable alerts to receive notifications when double top or double bottom patterns are detected, ensuring you never miss a critical trading opportunity.
How It Works : The indicator scans the price action for pivot highs and lows within a specified time horizon, identifying potential double top and double bottom patterns. It maintains a sequence of these pivots and verifies the formation of these patterns based on the relationship between consecutive pivots and the proximity to a defined limit. When a double top or double bottom is confirmed, the indicator marks the second pivot point with a label and draws trend lines to visualize the reversal pattern. Additionally, it provides alert conditions to notify traders of potential confirmations, enhancing decision-making without cluttering the chart.
⚠️ Important Reminder : The labels indicating double tops and bottoms appear with a delay and are intended to mark the formations after they have already formed. They are not meant to be used as real-time trading signals. While they align perfectly with pivot points in hindsight, please use them as markers for analysis rather than immediate trading triggers.
Breaks and Retests - Free990Strategy Description: "Breaks and Retests - Free990"
The "Breaks and Retests - Free990" strategy is based on identifying breakout and retest opportunities for potential entries in both long and short trades. The idea is to detect price breakouts above resistance levels or below support levels, and subsequently identify retests that confirm the breakout levels. The strategy offers an automated approach to enter trades after a breakout followed by a retest, which serves as a confirmation of trend continuation.
Key Components:
Support and Resistance Detection:
The strategy calculates pivot levels based on historical price movements to define support and resistance areas. A lookback range is used to determine these key levels.
Breakouts and Retests:
The system identifies when a breakout occurs above a resistance level or below a support level.
It then waits for a retest of the previously broken level as confirmation, which is often a better entry opportunity.
Trade Direction Selection:
Users can choose between "Long Only," "Short Only," or "Both" directions for trading based on their market view.
Stop Loss and Trailing Stop:
An initial stop loss is placed at a defined percentage away from the entry.
The trailing stop loss is activated after the position gains a specified percentage in profit.
Long Entry:
A long entry is triggered if the price breaks above a resistance level and subsequently retests that level successfully.
The entry condition checks if the breakout was confirmed and if a retest was valid.
The long entry is only executed if the user-selected direction is either "Long Only" or "Both."
Short Entry:
A short entry is triggered if the price breaks below a support level and subsequently retests that level.
The short entry is only executed if the user-selected direction is either "Short Only" or "Both."
sell_condition checks whether the support has been broken and whether the retest condition is valid.
An initial stop loss is placed when the trade is opened to limit the risk if the trade moves against the position.
The stop loss is calculated based on a user-defined percentage (stop_loss_percent) of the entry price.
pinescript
Copy code
stop_loss_price := strategy.position_avg_price * (1 - stop_loss_percent / 100)
For long positions, the stop loss is placed below the entry price.
For short positions, the stop loss is placed above the entry price.
Trailing Stop:
When a position achieves a certain profit threshold (profit_threshold_percent), the trailing stop mechanism is activated.
For long positions, the trailing stop follows the highest price reached, ensuring that some profit is locked in if the price reverses.
For short positions, the trailing stop follows the lowest price reached.
Code Logic for Trailing Stop:
Exit Execution:
The strategy exits the position when the price hits the calculated stop loss level.
This includes both the initial stop loss and the trailing stop that adjusts as the trade progresses.
Code Logic for Exit:
Summary:
Breaks and Retests - Free990 uses support and resistance levels to identify breakouts, followed by retests for confirmation.
Entry Points: Triggered when a breakout is confirmed and a retest occurs, for both long and short trades.
Exit Points:
Initial Stop Loss: Limits risk for both long and short trades.
Trailing Stop Loss: Locks in profits as the price moves in favor of the position.
This strategy aims to capture the momentum after breakouts and minimize losses through effective use of stop loss and trailing stops. It gives the flexibility of selecting trade direction and ensures trades are taken with confirmation through the retest, which helps to reduce false breakouts.
Original Code by @HoanGhetti
Price Action Dynamics Oscillator (PADO)1 minute ago
Price Action Dynamics Oscillator (PADO)
Indicator Overview and Technical Deep Dive
Concept and Philosophy
The Price Action Dynamics Oscillator (PADO) is a sophisticated technical analysis tool designed to provide multi-dimensional insights into market behavior by decomposing price action into manipulation and distribution metrics. The indicator goes beyond traditional momentum or trend indicators by introducing a nuanced approach to understanding market microstructure.
Key Architectural Components
1. Timeframe and Depth Selection
Pivot Depth Options:
Short Term (Length: 12 periods)
Intermediate Term (Length: 20 periods)
Long Term (Length: 100 periods)
This flexible configuration allows traders to adapt the indicator's sensitivity to different market conditions and trading styles.
2. Core Calculation Methodology
Manipulation Metrics
Calculates manipulation differently for green (bullish) and red (bearish) candles
Normalized against Average True Range (ATR) for consistent comparison across different volatility environments
Green Candle Manipulation: (Open - Low) / ATR
Red Candle Manipulation: (High - Open) / ATR
Distribution Metrics
Measures the directional strength and potential momentum shift
Green Candle Distribution: (Close - Open)
Red Candle Distribution: (Open - Close)
3. Normalization and Smoothing
Uses Simple Moving Average (SMA) for smoothing
Dynamic length calculation based on price range distance
Ensures minimum SMA length of 2 to prevent calculation errors
Unique Features
Visualization Toggles
Traders can selectively display:
Manipulation data
Distribution data
Long-term reference lines
Valuation metrics
Strategy signals
Valuation Comparative Analysis
Compares current manipulation and distribution metrics to 1000-bar long-term averages
Color-coded visualization for quick interpretation
Blue: Manipulation above average
Purple: Manipulation below average
Orange: Distribution above average
Yellow: Distribution below average
Strategy Deployment
Generates a composite strategy signal by comparing manipulation and distribution valuations
Uses Exponential Moving Average (EMA) for smoother signal generation
Incorporates volatility bands for context-aware signal interpretation
Quadrant Analysis
Classifies market state into four quadrants based on manipulation and distribution valuations:
Q1: Low Manipulation, High Distribution
Q2: High Manipulation, High Distribution
Q3: Low Manipulation, Low Distribution
Q4: High Manipulation, Low Distribution
Each quadrant is color-coded to provide visual market state representation.
Warning Signals
Manipulation Warning: When strategy crosses below low volatility band
Distribution Warning: When strategy crosses above high volatility band
Visual Indicators
Bar coloration based on strategy momentum
Multiple color states representing different market dynamics
Recommended Use Cases
Intraday and swing trading
Multi-timeframe market analysis
Volatility and momentum assessment
Trend reversal and continuation identification
Potential Limitations
Complexity might require significant trader education
Performance can vary across different market conditions
Requires careful parameter optimization
Recommended Settings
Best used on liquid markets with clear price action
Ideal for:
Forex
Futures
Large-cap stocks
Cryptocurrency pairs
Customization and Optimization
Traders should:
Backtest across multiple assets
Adjust timeframe settings
Calibrate visualization toggles
Use in conjunction with other technical indicators
Licensing
Mozilla Public License 2.0
Open-source and modification-friendly
Conclusion
The PADO represents an advanced approach to market analysis, blending traditional technical analysis with innovative metrics for deeper market understanding.
PADO Quadrant Color Analysis: Deep Dive
Quadrant Color Scheme Breakdown
Quadrant 1: Lime Green Background (RGB: 0, 255, 21, 90)
Condition: val_manip < 1 AND val_distr > 1
Market Interpretation:
Low Manipulation Pressure
High Distribution Activity
Potential Scenario:
Smart money might be gradually distributing positions
Trading Implications:
Caution for current trend followers
Potential preparation for trend change
Increased probability of consolidation or reversal
Quadrant 2: Bright Blue Background (RGB: 0, 191, 255, 90)
Condition: val_manip > 1 AND val_distr > 1
Market Interpretation:
High Manipulation Pressure
High Distribution Activity
Potential Scenario:
Strong institutional involvement
Potential market transition phase
Significant volume and momentum
Trading Implications:
High volatility expected
Increased market uncertainty
Potential for sharp price movements
Requires careful risk management
Quadrant 3: Light Gray Background (RGB: 252, 252, 252, 90)
Condition: val_manip < 1 AND val_distr < 1
Market Interpretation:
Low Manipulation Pressure
Low Distribution Activity
Potential Scenario:
Market consolidation
Reduced institutional activity
Potential low-volatility period
Trading Implications:
Range-bound market
Reduced trading opportunities
Potential setup for future breakout
Ideal for mean reversion strategies
Quadrant 4: Light Yellow Background (Hex: #f6ff0019)
Condition: val_manip > 1 AND val_distr < 1
Market Interpretation:
High Manipulation Pressure
Low Distribution Activity
Potential Scenario:
Accumulation of positions
Trading Implications:
Increased probability of directional move soon
Color Psychology and Technical Significance
Color Selection Rationale
Lime Green (Q1): Represents potential growth and transition
Bright Blue (Q2): Signifies high energy and institutional activity
Light Gray (Q3): Indicates neutrality and consolidation
Transparent Green (Q4): Suggests emerging trend potential
Advanced Interpretation Guidelines
Color Transition Analysis
Observe how the quadrant colors change
Rapid color shifts might indicate:
Market regime changes
Shifts in institutional sentiment
Potential trend acceleration or reversal
Technical Implementation Notes
Calculation Snippet
pinescriptCopyq1 = (val_manip < 1) and (val_distr > 1)
q2 = (val_manip > 1) and (val_distr > 1)
q3 = (val_manip < 1) and (val_distr < 1)
q4 = (val_manip > 1) and (val_distr < 1)
bgcolor(q1 ? color.rgb(0, 255, 21, 90):
q2 ? color.rgb(0, 191, 255, 90):
q3 ? color.rgb(252, 252, 252, 90):
q4 ? #f6ff0019:na)
Alpha Channel (Transparency)
90 and 0x19 values ensure background color doesn't overwhelm chart
Allows underlying price action to remain visible
Subtle visual cue without significant chart obstruction
Practical Trading Recommendations
Never Trade Solely on Quadrant Colors
Use as a complementary analysis tool
Combine with other technical and fundamental indicators
Timeframe Considerations
Validate quadrant signals across multiple timeframes
Longer timeframes provide more reliable signals
Risk Management
Set appropriate stop-loss levels
Use position sizing strategies
Be prepared for false signals
Recommended Workflow
Identify current quadrant
Assess overall market context
Confirm with other indicators
Execute with proper risk management
3 Drive Harmonic Pattern [TradingFinder] Three Drive Reversal🔵 Introduction
The Three Drive harmonic pattern closely resembles other price structures such as Wedge Pattern and Three Push Pattern, yet it stands out due to its precise use of Fibonacci ratios and symmetrical price movements.
This pattern comprises three consecutive and symmetrical price drives, each validated by key Fibonacci ratios (1.27 and 1.618), which help identify critical Potential Reversal Zones (PRZ).
Unlike the Wedge, which relies on converging trend lines and can indicate either continuation or reversal, and the Three Push, which lacks defined Fibonacci ratios and symmetry, the Three Drive pattern defines PRZ with greater accuracy, providing traders with high-probability trading opportunities.
This pattern appears in both bullish and bearish trends. After the completion of the third drive (Drive 3), it signals the market's readiness to reverse direction. The PRZ in this pattern serves as a crucial zone where price is highly likely to reverse, offering a strategic point for entering or exiting trades. Professional traders utilize the Three Drive pattern and PRZ as essential tools for analyzing and capitalizing on potential market reversals.
Bullish Pattern :
Bearish Pattern :
🔵 How to Use
The Three Drive harmonic pattern is an effective tool for identifying potential reversal points in the market. By utilizing Fibonacci extension levels (1.27 and 1.618) and focusing on the pattern’s symmetry, traders can pinpoint Potential Reversal Zones (PRZ) where the price is likely to change direction. This pattern works in both bearish and bullish scenarios, each with distinct characteristics and trading opportunities.
🟣 Bullish Three Drive Pattern
The bullish Three Drive pattern develops during a downtrend, indicating a potential reversal to the upside. Similar to its bearish counterpart, this pattern features three consecutive downward price movements (drives) with retracements in between. The third drive concludes within the PRZ, which serves as a strong support zone where the price is expected to reverse upwards.
The first drive begins with a downward movement, followed by a retracement to the 0.618 Fibonacci level. The second drive continues downward to reach a 1.27 or 1.618 Fibonacci extension of the retracement. Finally, the third drive aligns with the PRZ, where a confluence of Fibonacci levels creates a high-probability support zone.
In the PRZ, traders look for bullish confirmation signals such as bullish candlestick patterns (e.g., bullish engulfing or pin bars) or increasing trading volume. Once confirmation is observed, the PRZ becomes an ideal entry point for a buy position. Stop-loss orders are placed slightly below the PRZ to minimize risk, while take-profit targets are set at key resistance levels or Fibonacci retracement levels.
🟣 Bearish Three Drive Pattern
The bearish Three Drive pattern forms during an uptrend, signaling a potential reversal to the downside. This pattern consists of three consecutive upward price movements (drives) and intermediate retracements. Each drive aligns with Fibonacci extension levels, and the third drive ends within the PRZ, indicating a high probability of a bearish reversal.
In the first drive, the price moves upward and then retraces to approximately the 0.618 Fibonacci retracement level, forming the base for the second drive. The second drive then extends upward to the 1.27 or 1.618 Fibonacci extension of the preceding retracement. This process repeats for the third drive, which reaches the PRZ, typically defined by the convergence of Fibonacci levels from previous drives.
Once the PRZ is identified, traders look for confirmation signals such as bearish candlestick patterns (e.g., bearish engulfing or pin bars) or declining trading volume. If confirmation is present, the PRZ becomes an optimal zone for entering a sell position. Stop-loss levels are typically placed slightly above the PRZ to protect against pattern failure, and take-profit targets are set at key support levels or Fibonacci retracement levels of the overall structure.
🟣 Three Drive Vs Wedge Pattern Vs 3 Push pattern
The Three Drive, Wedge, and Three Push patterns are all used to identify potential price reversal points, but they differ significantly in structure and application. The Three Drive pattern is based on three consecutive and symmetrical price movements, validated by precise Fibonacci ratios (1.27 and 1.618), to define Potential Reversal Zones (PRZ).
In contrast, the Wedge pattern relies on converging trend lines and does not require Fibonacci ratios; it can act as either a reversal or continuation pattern. Meanwhile, the Three Push pattern shares similarities with Three Drive but lacks precise symmetry and Fibonacci-based validation.
Instead of a PRZ, Three Push focuses on identifying areas of support and resistance, often signaling weakening momentum in the current trend. Among these, the Three Drive pattern is more reliable for pinpointing high-probability reversal zones due to its strict Fibonacci-based and symmetrical structure.
🔵 Setting
🟣 Logical Setting
ZigZag Pivot Period : You can adjust the period so that the harmonic patterns are adjusted according to the pivot period you want. This factor is the most important parameter in pattern recognition.
Show Valid Format : If this parameter is on "On" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "Off" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern.
Show Formation Last Pivot Confirm : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the latest pattern seeing and a sharp reduction in reward to risk.
Period of Formation Last Pivot : Using this parameter you can determine that the last pivot is based on Pivot period.
🟣 Genaral Setting
Show : Enter "On" to display the template and "Off" to not display the template.
Color : Enter the desired color to draw the pattern in this parameter.
LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness.
LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries.
🟣 Alert Setting
Alert : On / Off
Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar".
Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
🔵 Conclusion
The Three Drive pattern is a highly effective harmonic tool for identifying potential reversal points in the market. By leveraging its symmetrical structure and precise Fibonacci ratios (1.27 and 1.618), this pattern provides traders with clear entry and exit signals, enhancing the accuracy of their trades.
Whether in bullish or bearish scenarios, the identification of the Potential Reversal Zone (PRZ) serves as a critical aspect of this pattern, enabling traders to anticipate price movements with greater confidence.
Compared to similar patterns like Wedge and Three Push, the Three Drive pattern stands out for its stringent reliance on Fibonacci levels and symmetrical price movements, making it a more robust choice for forecasting reversals. However, as with any technical analysis tool, its effectiveness increases when combined with confirmation signals, such as candlestick patterns, volume analysis, and broader market context.
Mastering the Three Drive pattern requires practice and attention to detail, especially in accurately defining the PRZ and ensuring the pattern adheres to its criteria. Traders who consistently apply this pattern as part of a comprehensive trading strategy can capitalize on high-probability opportunities and improve their overall performance in the market.
Trend FinderEnglish
Trend Finder is an indicator designed to identify breakouts and breakdowns based on specified timeframes. It monitors the previous high and low prices and changes the bar color when the current close price surpasses these levels.
Features
Customizable Timeframes: Set your preferred high/low and close resolutions.
Visual Alerts: Bars turn lime green on breakout above the previous high and red on breakdown below the previous low.
Alert Conditions: Receive notifications when significant price movements occur.
日本語
Trend Finderは、指定した時間枠に基づいてブレイクアウトとブレイクダウンを識別するためのインジケーターです。前日の高値と安値を監視し、現在の終値がこれらのレベルを超えたときにバーの色を変更します。
特徴
カスタマイズ可能な時間枠 高値/安値と終値の解像度を設定可能。
視覚的アラート 前日の高値を超えるとバーがライムグリーンに、安値を下回ると赤に変化。
アラート条件 重要な価格変動時に通知を受け取れます。
Chart Example
Disclaimer
This indicator is for educational purposes only and should not be considered as financial advice. Always perform your own analysis before making trading decisions.
Awesome_Accelerator_Zone OscillatorExplanation and Usage Guide for AO_AC_ZONE Oscillator
Indicator Overview
The **AO_AC_ZONE** oscillator is based on the concepts introduced by **Bill Williams** in his book *New Trading Dimensions*. This indicator combines the **Awesome Oscillator (AO)**, **Accelerator Oscillator (AC)**, and a custom **Zone Oscillator**, visualizing them together in a clear, color-coded format.
The Zone Oscillator is derived from the relationship between AO and AC, indicating the market's dominant momentum state (bullish, bearish, or neutral). It also integrates real-time candle coloring to visually align price bars with the Zone's momentum.
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**Components**
1. **Awesome Oscillator (AO)**:
- AO measures the difference between a 5-period and 34-period Simple Moving Average (SMA) applied to the midpoints of candles.
- It reflects market momentum, where:
- Green bars = increasing momentum
- Red bars = decreasing momentum
2. **Accelerator Oscillator (AC)**:
- AC is calculated as the difference between AO and its 5-period SMA.
- It indicates the acceleration or deceleration of market momentum.
- Fuchsia bars = increasing momentum
- Purple bars = decreasing momentum
3. **Zone Oscillator**:
- The Zone combines AO and AC states:
- **Green Zone**: Both AO and AC are positive (bullish momentum).
- **Red Zone**: Both AO and AC are negative (bearish momentum).
- **Gray Zone**: AO and AC have differing signs (neutral/uncertain momentum).
- Candle colors dynamically match the Zone’s state for enhanced visual clarity.
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**How to Use the Indicator**
**1. Interpreting the Oscillators**
- **AO**: Use it to detect momentum direction and changes. Pay attention to shifts in bar color:
- **Increasing AO (Aqua)**: Bullish momentum gaining strength.
- **Decreasing AO (Navy)**: Bullish momentum weakening or bearish momentum strengthening.
- **AC**: Provides early signals of momentum shifts.
- If AC changes color ahead of AO, it signals potential trend reversals or accelerations.
**2. Using the Zone Oscillator**
- **Green Zone**:
- Both AO and AC are positive.
- Indicates a strong bullish trend. Look for buying opportunities in line with the trend.
- **Red Zone**:
- Both AO and AC are negative.
- Signals strong bearish momentum. Look for shorting opportunities.
- **Gray Zone**:
- AO and AC are in conflict.
- Represents uncertainty; avoid trading or wait for a clear signal.
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**Real-Time Application**
**Candle Coloring**
- The indicator modifies candle colors to match the Zone Oscillator's state:
- **Green Candles**: Strong bullish momentum.
- **Red Candles**: Strong bearish momentum.
- **Gray Candles**: Neutral momentum.
**Recommended Strategy (Based on New Trading Dimensions)**:
1. **Identify the Zone**:
- Focus on Green Zones for long entries and Red Zones for short entries.
2. **Look for AO/AC Confirmation**:
- Enter trades in the direction of both AO and AC when they align with the Zone.
- For exits, monitor when AO and AC conflict (Gray Zone).
3. **Use in Combination**:
- Combine this oscillator with fractals or trend indicators to confirm signals.
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**Benefits**
- Visualizes momentum strength, acceleration, and alignment in one chart.
- Simplifies decision-making by integrating price action with oscillator dynamics.
- Supports faster trade identification and execution by highlighting bullish, bearish, and neutral zones.
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**Disclaimer**
This indicator is a tool to assist in market analysis. Always incorporate proper risk management and avoid trading during uncertain conditions (Gray Zones). For optimal results, use this oscillator in conjunction with other analysis methods like support/resistance, volume analysis, and trend-following systems.
Linear Regression Channel Screener [Daveatt]Hello traders
First and foremost, I want to extend a huge thank you to @LonesomeTheBlue for his exceptional Linear Regression Channel indicator that served as the foundation for this screener.
Original work can be found here:
Overview
This project demonstrates how to transform any open-source indicator into a powerful multi-asset screener.
The principles shown here can be applied to virtually any indicator you find interesting.
How to Transform an Indicator into a Screener
Step 1: Identify the Core Logic
First, identify the main calculations of the indicator.
In our case, it's the Linear Regression
Channel calculation:
get_channel(src, len) =>
mid = math.sum(src, len) / len
slope = ta.linreg(src, len, 0) - ta.linreg(src, len, 1)
intercept = mid - slope * math.floor(len / 2) + (1 - len % 2) / 2 * slope
endy = intercept + slope * (len - 1)
dev = 0.0
for x = 0 to len - 1 by 1
dev := dev + math.pow(src - (slope * (len - x) + intercept), 2)
dev
dev := math.sqrt(dev / len)
Step 2: Use request.security()
Pass the function to request.security() to analyze multiple assets:
= request.security(sym, timeframe.period, get_channel(src, len))
Step 3: Scale to Multiple Assets
PineScript allows up to 40 request.security() calls, letting you monitor up to 40 assets simultaneously.
Features of This Screener
The screener provides real-time trend detection for each monitored asset, giving you instant insights into market movements.
It displays each asset's position relative to its middle regression line, helping you understand price momentum.
The data is presented in a clean, organized table with color-coded trends for easy interpretation.
At its core, the screener performs trend detection based on regression slope calculations, clearly indicating whether an asset is in a bullish or bearish trend.
Each asset's price is tracked relative to its middle regression line, providing additional context about trend strength.
The color-coded visual feedback makes it easy to spot changes at a glance.
Built-in alerts notify you instantly when any asset experiences a trend change, ensuring you never miss important market moves.
Customization Tips
You can easily expand the screener by adding more symbols to the symbols array, adapting it to your watchlist.
The regression parameters can be adjusted to match your preferred trading timeframes and sensitivity.
The alert system is already configured to notify you of trend changes, but you can customize the alert messages and conditions to your needs.
Limitations
While powerful, the screener is bound by PineScript's limitation of 40 security calls, capping the maximum number of monitored assets.
Using AI to Help With Conversion
An interesting tip:
You can use AI tools to help convert single-asset indicators to screeners.
Simply provide the original code and ask for assistance in transforming it into a screener format. While the AI output might need some syntax adjustments, it can handle much of the heavy lifting in the conversion process.
Prompt (example) : " Please make a pinescript version 5 screener out of this indicator below or in attachment to scan 20 instruments "
I prefer Claude AI (Opus model) over ChatGPT for pinescript.
Conclusion
This screener transformation technique opens up endless possibilities for market analysis.
By following these steps, you can convert any indicator into a powerful multi-asset scanner, enhancing your trading toolkit significantly.
Remember: The power of a screener lies not just in monitoring multiple assets, but in applying consistent analysis across your entire watchlist in real-time.
Feel free to fork and modify this screener for your own needs.
Happy trading! 🚀📈
Daveatt
Zero Lag Trend Signals (MTF) [Sebix]Ready to take your trend-following strategy to the next level? Say hello to Zero Lag Trend Signals, a precision-engineered Pine Script™ indicator designed to eliminate lag and provide rapid trend insights across multiple timeframes. 💡 This tool blends zero-lag EMA (ZLEMA) logic with volatility bands, trend-shift markers, and dynamic alerts. The result? Timely signals with minimal noise for clearer decision-making, whether you're trading intraday or on longer horizons.
RS Cycles [QuantVue]The RS Cycles indicator is a technical analysis tool that expands upon traditional relative strength (RS) by incorporating Beta-based adjustments to provide deeper insights into a stock's performance relative to a benchmark index. It identifies and visualizes positive and negative performance cycles, helping traders analyze trends and make informed decisions.
Key Concepts:
Traditional Relative Strength (RS):
Definition: A popular method to compare the performance of a stock against a benchmark index (e.g., S&P 500).
Calculation: The traditional RS line is derived as the ratio of the stock's closing price to the benchmark's closing price.
RS=Stock Price/Benchmark Price
Usage: This straightforward comparison helps traders spot periods of outperformance or underperformance relative to the market or a specific sector.
Beta-Adjusted Relative Strength (Beta RS):
Concept: Traditional RS assumes equal volatility between the stock and benchmark, but Beta RS accounts for the stock's sensitivity to market movements.
Calculation:
Beta measures the stock's return relative to the benchmark's return, adjusted by their respective volatilities.
Alpha is then computed to reflect the stock's performance above or below what Beta predicts:
Alpha=Stock Return−(Benchmark Return×β)
Significance: Beta RS highlights whether a stock outperforms the benchmark beyond what its Beta would suggest, providing a more nuanced view of relative strength.
RS Cycles:
The indicator identifies positive cycles when conditions suggest sustained outperformance:
Short-term EMA (3) > Mid-term EMA (10) > Long-term EMA (50).
The EMAs are rising, indicating positive momentum.
RS line shows upward movement over a 3-period window.
EMA(21) > 0 confirms a broader uptrend.
Negative cycles are marked when the opposite conditions are met:
Short-term EMA (3) < Mid-term EMA (10) < Long-term EMA (50).
The EMAs are falling, indicating negative momentum.
RS line shows downward movement over a 3-period window.
EMA(21) < 0 confirms a broader downtrend.
This indicator combines the simplicity of traditional RS with the analytical depth of Beta RS, making highlighting true relative strength and weakness cycles.
Market Session Times and Volume [Market Spotter]Market Session Times and Volume
Market Session Times
Inputs
The inputs tab consists of timezone adjustment which would be the chosen timezone for the plotting of the market sessions based on the market timings.
Further it contains settings for each box to show/hide and change box colour and timings for Asian, London and New York Sessions.
How it works
The indicator primarily works by marking the session highs and lows for the chosen time in the inputs, each of the sessions can be input a custom time value which would plot the box. It helps to identify the important price levels and the trading range for each individual session.
The midpoint of each session is marked with a dashed line. The indicator also marks a developing session while it being formed as well to identify potential secondary levels.
Usage
It can be used to trade session breakouts, false breaks and also divide the daily movement into parts and identify possible patterns while trading.
2. Volumes
Inputs
The volume part has 2 inputs - Smoothing and Normalisation. The smoothing period can simply be used to take in charge volumes of last X bars and normalisation can be used for calculating relative volumes based on last Y bars.
How it works
The indicator takes into account the buy and sell volumes of last X bars and then displays that as a relative smoothed volume which helps to identify longer term build or distribution of volume. It plots the positive volume from 0 to 100 and negative volume from 0 to -100 which has been normalised. The colors identify gradual increase or decrease in volumes
Usage
It can also be used to trade volume spikes well and can identify potential market shifts
5-Min Scalping Futures Strategy MABREYFutures Trading 5 Min timeframe with signals when to get in and take profit
EMA (8,21,200)This script displays three Exponential Moving Averages (EMA) on the chart with periods of 8, 21, and 200 days. It visually highlights the trends by shading the area between the EMAs:
- Green shading: Indicates an upward trend, where the shorter EMA is above the longer EMA.
- Red shading: Indicates a downward trend, where the shorter EMA is below the longer EMA.
The shaded areas help you quickly spot potential buying or selling opportunities based on the strength and direction of the trend.
DAILY MOVING AVERAGES PRO“Daily Moving Averages Pro is a powerful tool designed to enhance your intraday analysis by projecting key daily moving averages (MAs) onto lower timeframes. This script calculates and overlays the 10-period EMA, 20-period EMA, 50-period SMA, and 200-period SMA from the daily timeframe directly onto your intraday charts, providing a precise framework for identifying critical support and resistance zones.
These moving averages are widely regarded as pivotal levels where price action often reacts, making them essential for traders aiming to fine-tune their entries and exits. By visualizing these levels on smaller timeframes, you can:
• Identify support and resistance zones: The daily MAs act as dynamic levels that influence market sentiment and price movement.
• Analyze price reactions: Understand how the price behaves around these key areas to refine your trading decisions.
• Stay aligned with the broader trend: Use the 50 and 200 SMAs to gauge long-term trend direction while leveraging the 10 and 20 EMAs for short-term momentum.
This indicator is indispensable for traders seeking to integrate higher timeframe analysis into their intraday strategies. Whether you’re trading breakouts, pullbacks, or reversals, ‘Daily Moving Averages Pro’ provides the critical context you need to trade with confidence and precision.”
Key Features to Highlight:
• Projects Daily MAs (10 EMA, 20 EMA, 50 SMA, 200 SMA) onto intraday charts.
• Offers a clear visual framework for support and resistance.
• Helps align your trades with higher timeframe trends.
• Ideal for scalpers, day traders, and swing traders looking to combine multi-timeframe analysis.
Buy/Sell [WynTrader]This Indicator "Buy/Sell " has been built to suggest Buy/Sell points on a chart, using the standard TradingView SMI (Stochastic Momentum Index).
These Buy/Sell signals should not be used as like it for your own trading, without effective technical and fundamental analysis to guide your trading decision.
Abnormal volume [VG]🪙 INTRODUCTION
This technical indicator helps identify and highlight large volume clusters on the chart.
Abnormal volume refers to unusually large accumulations of volume over short time intervals. Such clusters appear when the amount of assets bought or sold significantly exceeds typical volumes for a specific asset over a given period. These patterns can indicate significant events or intentions of market participants.
Reasons for abnormal volume clusters:
Institutional investments :
Large investment funds and banks may buy or sell significant volumes of assets to rebalance their portfolios.
Impact of news and events :
Important news (e.g., mergers, bankruptcies, management changes) can trigger large-scale buying or selling of assets.
Market manipulation :
Big players may execute large trades to artificially create demand or supply for an asset, affecting its price in the short term.
Insider trading :
Abnormal volumes may signal that someone with insider information has started buying or selling assets in anticipation of future events that could impact the price.
What do abnormal volume clusters mean for traders?
A signal of potential price changes :
High trading volumes are often accompanied by sharp price movements. An increase in volume during price growth might indicate rising interest in the asset, while an increase during a decline could signal a sell-off.
Potential entry or exit points :
For short-term traders, abnormal trades can serve as signals to enter or exit positions. For example, a large volume growth accompanied by a breakout of a key level might be seen as a buy signal.
Caution due to potential manipulation :
Abnormal trades don’t always lead to expected outcomes. Sometimes, they are part of a price manipulation strategy, so it’s essential to consider the broader context and confirm with other signals.
🪙 USAGE
This indicator doesn’t provide trading signals, entry points, or actionable recommendations.
Instead, it simplifies tracking market dynamics and highlights unusual activity worth considering during analysis.
After adding the indicator to the chart, you only need to configure two parameters: the threshold value that determines what constitutes a significant volume cluster and the period over which volumes are aggregated for comparison against the threshold.
It’s recommended to use the shortest available period, as this helps more precisely identify the prevailing volume direction (since this depends on price changes, not trade direction).
The threshold value can be fine-tuned by switching the chart’s timeframe to match the selected period, observing of the significant volume increase on the classic volume histogram, and noting the corresponding market reactions. This allows for selecting a threshold that highlights early signs of impactful trading events on higher timeframes.
Let’s look at an example in the screenshot:
Once the parameters are set, you can also enable an alert to trigger whenever a new volume cluster appears, simplifying event tracking.
Note: in the current version of the indicator, the alert will be triggered only once per bar on the chart at the first detected cluster of abnormal volume.
🪙 IMPLEMENTATION
Technically, the script retrieves volume data from a lower timeframe and estimates whether the volume was primarily generated by buyers or sellers based on price movements.
The lower resolution timeframe is determined as follows:
if the settings base period is less than 1 minute, then the data timeframe will be equal to 1 second
if the settings base period is equals 1 minute or more, then the data timeframe will be equal to 1 minute
The algorithm checks whether the price increased or decreased at each point. If the price rose, the volume is presumed to be driven by buyers and marked as buy volume; otherwise, it’s marked as sell volume.
The total volume at each point is then checked against the user-defined threshold. If the volume exceeds the threshold, a corresponding circle is drawn on the chart, and an alert is generated if created.
The size of the visual representation is proportional to the most recent maximum volume and follows the rules below:
Percentage of max volume -> Volume cluster size
less than 25% -> Tiny
25% to 50% -> Small
50% to 75% -> Normal
75% to 100% -> Large
100% or more -> Huge
🪙 SETTINGS
The indicator is designed to be as simple and minimalist as possible, making configuration effortless. There are only two core parameters, with additional options to customize the colors of volume clusters based on their type.
Trade volume threshold
Defines the volume level above which a cluster is considered significant and displayed on the chart as a circle. The size of the circle depends on the proportion of the current volume relative to the most recent maximum over the chosen period.
Trades base period
Specifies the period for aggregating trade volumes to determine whether they qualify as abnormal. The significance level is set using the Trade volume threshold parameter.
Buy/Sell trades
Allows you to set the colors for abnormal volume circles based on the price direction during cluster formation.
🪙 CONCLUSION
Abnormal volume clusters are always a critical indicator requiring attention and analysis, but they are not a guaranteed predictor of trend changes.
Phoenix into the future V2Индикатор показывает куда пойдет цена в определёном промежутке
Появились % настоящие и можно сместить в сторону
Raccoon SupremeStrategy that shows signal for long and short when the RSI goes above a certain level
Potential Upcoming Trend ToolThis Script has the specific use of identifying when and how a new trend may start to take form, rather than focusing on how a trend has already formed on a longer term basis.
This Script is useful on it's own and not in conjunction with another. It works by taking on the most recent price data rather than a long term historical string.
It differs from standard trend following indicators because it's use is far less historical, and more present. It requires less pivot points than normal to be validated as a strong trend.
It works by taking local pivot points and fractals to form its parallel basis. The Trend lines will continually move as more recent price action data appears and the the channel will get thinner, until it is clear a trend has arrived and consolidated.
The idea really is to see a constantly evolving picture of a sudden change in movement, allowing you to have an earlier eye on what is potentially to come.
The faint mid-point line gives a reasonable reading of where you would find yourself halfway within a new trend and will also move inline with the shown trendlines.
This allows you to easily track when sentiment and therefore trends are about to change. It's much more useful on lower timeframes because they will often give the first indication something is changing.
Colours are fully customisable.
