OPEN-SOURCE SCRIPT
MERSAT - 1 by Dr Abiram Sivprasad
MERSAT- 1
MERSAT-1 is a sophisticated and versatile TradingView indicator designed to help traders identify key market trends, liquidity zones, and potential reversal points. Developed by Dr. Abiram Sivprasad, this indicator combines advanced calculations like the Saturn (Variable Index Dynamic Average), Average True Range (ATR), and MERCURY-PRO to provide a comprehensive view of market dynamics.
The indicator is particularly useful for:
Trend Identification: Detects uptrends and downtrends using dynamic bands and crossovers.
Liquidity Zones: Highlights support and resistance levels based on pivot highs and lows.
Volume Analysis: Tracks volume accumulation during trends and provides delta volume percentages.
Reversal Signals: Marks potential trend reversals with clear visual cues.
Customizable Inputs: Allows users to adjust parameters like Saturn Length, Momentum, and Band Distance for personalized trading strategies.
Key Features
Saturn Calculation:
A dynamic moving average that adapts to market momentum.
Combines price action and momentum to smooth out noise and highlight trends.
Upper and Lower Bands:
Derived from Saturn and ATR, these bands act as dynamic support and resistance levels.
Adjustable distance factor for precise control over band placement.
Pivot Highs and Lows:
Identifies significant price pivots to mark liquidity zones.
Plots lines for support (pivot lows) and resistance (pivot highs).
Volume Accumulation:
Tracks volume during uptrends and downtrends.
Displays delta volume percentage to gauge market strength.
Trend Visualization:
Uses color-coded plots and labels to indicate trend direction (uptrend or downtrend).
Includes trend change markers (▲ for uptrend, ▼ for downtrend).
MERCURY-PRO Integration:
A secondary calculation method based on Chande Momentum Oscillator (CMO) or Standard Deviation.
Provides additional confirmation for trend changes and momentum shifts.
Customizable Colors:
Choose colors for uptrends, downtrends, and shadows to match your chart theme.
Input Parameters
Saturn Length: Length of the Saturn calculation (default: 10).
Saturn Momentum: Momentum length for Saturn (default: 20).
Band Distance: Distance factor for upper and lower bands (default: 2).
Source: Price source for calculations (default: Close).
Trend Colors: Customize colors for uptrends and downtrends.
Shadow: Enable/disable shadow effect for trend visualization.
How to Use
Trend Identification:
Look for the color-coded trend line (Saturn) to determine the current market trend.
Uptrends are highlighted in green, while downtrends are highlighted in red.
Liquidity Zones:
Pivot highs and lows are marked with horizontal lines.
These zones act as potential support and resistance levels.
Volume Analysis:
Monitor the delta volume percentage to assess market strength.
Higher delta values indicate stronger buying or selling pressure.
Reversal Signals:
Watch for trend change markers (▲ or ▼) near the Saturn line.
These signals can indicate potential trend reversals.
MERCURY-PRO Confirmation:
Use the MERCURY-PRO plot to confirm trend changes and momentum shifts.
A crossover in MERCURY-PRO can act as an additional signal for entry or exit.
Disclaimer
This indicator is provided for educational and informational purposes only. It is not intended as financial advice, and you should not rely on it as such. Trading in financial markets involves significant risk, and you should only trade with money you can afford to lose.
The developer, Dr. Abiram Sivprasad, and the publisher of this indicator are not responsible for any losses or damages incurred as a result of using this tool. Always conduct your own research and consult with a licensed financial advisor before making any trading decisions.
MERSAT-1 is a sophisticated and versatile TradingView indicator designed to help traders identify key market trends, liquidity zones, and potential reversal points. Developed by Dr. Abiram Sivprasad, this indicator combines advanced calculations like the Saturn (Variable Index Dynamic Average), Average True Range (ATR), and MERCURY-PRO to provide a comprehensive view of market dynamics.
The indicator is particularly useful for:
Trend Identification: Detects uptrends and downtrends using dynamic bands and crossovers.
Liquidity Zones: Highlights support and resistance levels based on pivot highs and lows.
Volume Analysis: Tracks volume accumulation during trends and provides delta volume percentages.
Reversal Signals: Marks potential trend reversals with clear visual cues.
Customizable Inputs: Allows users to adjust parameters like Saturn Length, Momentum, and Band Distance for personalized trading strategies.
Key Features
Saturn Calculation:
A dynamic moving average that adapts to market momentum.
Combines price action and momentum to smooth out noise and highlight trends.
Upper and Lower Bands:
Derived from Saturn and ATR, these bands act as dynamic support and resistance levels.
Adjustable distance factor for precise control over band placement.
Pivot Highs and Lows:
Identifies significant price pivots to mark liquidity zones.
Plots lines for support (pivot lows) and resistance (pivot highs).
Volume Accumulation:
Tracks volume during uptrends and downtrends.
Displays delta volume percentage to gauge market strength.
Trend Visualization:
Uses color-coded plots and labels to indicate trend direction (uptrend or downtrend).
Includes trend change markers (▲ for uptrend, ▼ for downtrend).
MERCURY-PRO Integration:
A secondary calculation method based on Chande Momentum Oscillator (CMO) or Standard Deviation.
Provides additional confirmation for trend changes and momentum shifts.
Customizable Colors:
Choose colors for uptrends, downtrends, and shadows to match your chart theme.
Input Parameters
Saturn Length: Length of the Saturn calculation (default: 10).
Saturn Momentum: Momentum length for Saturn (default: 20).
Band Distance: Distance factor for upper and lower bands (default: 2).
Source: Price source for calculations (default: Close).
Trend Colors: Customize colors for uptrends and downtrends.
Shadow: Enable/disable shadow effect for trend visualization.
How to Use
Trend Identification:
Look for the color-coded trend line (Saturn) to determine the current market trend.
Uptrends are highlighted in green, while downtrends are highlighted in red.
Liquidity Zones:
Pivot highs and lows are marked with horizontal lines.
These zones act as potential support and resistance levels.
Volume Analysis:
Monitor the delta volume percentage to assess market strength.
Higher delta values indicate stronger buying or selling pressure.
Reversal Signals:
Watch for trend change markers (▲ or ▼) near the Saturn line.
These signals can indicate potential trend reversals.
MERCURY-PRO Confirmation:
Use the MERCURY-PRO plot to confirm trend changes and momentum shifts.
A crossover in MERCURY-PRO can act as an additional signal for entry or exit.
Disclaimer
This indicator is provided for educational and informational purposes only. It is not intended as financial advice, and you should not rely on it as such. Trading in financial markets involves significant risk, and you should only trade with money you can afford to lose.
The developer, Dr. Abiram Sivprasad, and the publisher of this indicator are not responsible for any losses or damages incurred as a result of using this tool. Always conduct your own research and consult with a licensed financial advisor before making any trading decisions.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.