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Bands and Channels

VWAP-EMA Ribbon by BucksTRDR📊 VWAP-EMA Ribbon by BucksTRDR A comprehensive trend and momentum indicator combining 5 Exponential Moving Averages with dual VWAP levels (Session & Weekly) for multi-timeframe analysis. 🎯 KEY FEATURES Five Exponential Moving Averages: • EMA 5 (Aqua) - Fast-moving, immediate price action • EMA 9 (Lime) - Short-term trend • EMA 21 (Yellow) - Medium-term trend • EMA 50 (Orange) - Key support/resistance • EMA 200 (Red) - Long-term trend baseline Dual VWAP Analysis: • Session VWAP (Blue) - Resets daily, tracks institutional intraday levels • Weekly VWAP (Fuchsia) - Resets weekly, identifies longer-term value areas Visual Design: • Bold VWAP lines (4px width) for clear reference levels • Color-coded EMAs (2px width) for easy identification • Clean, professional chart layout 📈 HOW TO USE Trend Identification: ✓ Price above all EMAs + above VWAP = Strong uptrend ✓ Price below all EMAs + below VWAP = Strong downtrend ✓ EMAs fanning out = Momentum increasing ✓ EMAs converging = Potential trend reversal Support & Resistance: ✓ Watch for bounces off individual EMAs ✓ VWAP acts as magnetic institutional level ✓ 200 EMA frequently serves as major support/resistance Entry Signals: ✓ Pullbacks to 21 EMA in trending markets ✓ Price reclaiming VWAP after being below ✓ Faster EMA crossing above slower EMA ✓ Confluence of multiple EMAs at same level Exit Signals: ✓ Price breaking below key EMAs ✓ Loss of VWAP support/resistance ✓ Death cross (50 EMA crossing below 200 EMA) ⚙️ CUSTOMIZATION Fully Adjustable Settings: • All EMA lengths can be changed • All colors are customizable (EMAs + VWAPs) • Line widths adjustable • Individual on/off toggles for each indicator • Organized input groups for easy navigation 💡 BEST PRACTICES Recommended Timeframes: • 5-minute charts for day trading • 15-minute for scalping and day trading • 1-hour for swing trading • Daily for position trading Market Conditions: • Excellent for trending markets • Use caution in choppy/sideways conditions • Works on stocks, forex, crypto, indices, futures Complementary Tools: • Combine with volume analysis • Add RSI for overbought/oversold confirmation • Use with candlestick patterns • Check multiple timeframes for confluence 🔍 WHAT MAKES THIS DIFFERENT Unlike standard single EMA or VWAP indicators, this ribbon approach provides: Multi-layered analysis - See short, medium, and long-term trends simultaneously Volume-weighted context - VWAP shows institutional positioning Clean visualization - All key moving averages in one organized display Maximum flexibility - Adapt to any trading style or timeframe 📊 TRADING EXAMPLES Bullish Setup: Price crosses above 21 EMA → bounces off 50 EMA → all EMAs slope upward → VWAP acting as support = Strong buy signal Bearish Setup: Price crosses below 21 EMA → rejects at 50 EMA → all EMAs slope downward → VWAP acting as resistance = Strong sell signal Reversal Signal: Price below all EMAs → reclaims 21 EMA → then 50 EMA → crosses above VWAP = Potential trend reversal ⚠️ DISCLAIMER This indicator is provided "as is" for educational purposes only. BucksTRDR is not responsible for trading decisions made using this tool. Always conduct your own research and consult a financial professional before making investment decisions. Past performance does not guarantee future results.
Pine Script® indicator
by ipsalter
Crypto Schlingel - PVSRA POC EMA Suite v5.903The Chart Indicator Suite combines a wide range of powerful tools that help traders accurately analyze market structures, volatility, and key price zones. With indicators such as POC, pivot points, EMAs, VWAP, Bollinger Bands, and important market levels such as yesterday/weekly high & low, daily open, psy high/low, and ADR, the suite offers a comprehensive overview of trends and market behavior. Supplemented by pvsra candles, long candle detection, and the display of relevant stock market opening hours, it reliably supports traders in making informed trading decisions. Indicators are configurable All of the indicators mentioned are fully configurable and can be flexibly adapted to individual trading strategies. Users can freely adjust parameters, display types, and sensitivities to highlight exactly the market information that is relevant to their personal trading style. The individual fields in the configuration are self-explanatory or are explained in a toolbar, so that the possible settings become clear. POC The Point of Control (POC) is a central concept in market profile and volume profile analysis and plays an important role in technical chart analysis. Here is a detailed description of its usefulness and significance: Definition The point of control (POC) is the price level at which the most trading volume has taken place within a certain period of time. It therefore shows the price at which buyers and sellers were most active – the center of market interest. 📊 Use and significance in chart analysis 1. Central support and resistance zone Since the largest volume was traded at the POC, this price is considered a “fair zone” or equilibrium price. The market often reacts strongly to the POC: Above the POC → potential resistance if the price is coming from below. Below the POC → potential support if the price is falling from above. Example: If the price returns to the POC, this can be an entry opportunity for traders betting on a market reaction. 2. Interpretation of market acceptance A price range with high volume (including POC) shows where the market has accepted a fair value. Low volume, on the other hand, indicates rejection or disinterest. → The POC therefore helps to distinguish between accepted price zones and transition areas. PIVOT POINTS Pivot points are predefined price levels calculated from the previous day's price data (or a previous time unit). They help traders identify potential support and resistance zones for the current trading day (or period). Benefits of pivot points in chart analysis 1. Determining support and resistance areas The calculated pivot levels (P, S1, S2, R1, R2, etc.) show where the market is likely to react: Supports (S1, S2, S3) → possible downward turning points. Resistance (R1, R2, R3) → possible upward turning points. These zones are often observed by many traders at the same time, making them self-fulfilling marks. 2. Trend determination and market sentiment If the market opens above the pivot (P) and remains there → signals buying pressure. If the market trades below the pivot (P) → signals selling pressure. A break above R1 or below S1 may indicate a strong trend day. EMA Exponential Moving Average The EMA is the exponentially weighted moving average of a price. It shows the average price of a security over a certain period of time, weighted according to recency – that is: 👉 more recent price data has more influence than older data. This distinguishes it from the simple moving average (SMA), in which all values are weighted equally. Benefits of the EMA in chart analysis -> Identifying trends The EMA reacts more quickly to price changes than the SMA and is therefore ideal for: Identifying trend reversals at an early stage Confirming trend directions 👉 Rising EMA → Upward trend 👉 Falling EMA → Downward trend Traders often use combinations such as: EMA 50 / EMA 200 → Long-term trends SIGNIFICANCE OF HIGHS AND LOWS The daily high, daily low, weekly high, and weekly low are objective price zones that show: Where the market bought (high) or sold (low) the most, and where supply and demand reached their extremes in the past period. These levels often act as magnetic price zones in ongoing trading, where traders react (entry, profit-taking, or stop setting). 🎯 Use of yesterday's high and low (previous day high/low) 🔹Support and resistance levels Yesterday's high often acts as resistance when the price comes from below. Yesterday's low becomes support when the price falls from above. ➡️ Traders watch these levels closely to trade breakouts or reversals. EMA 9 / EMA 20 → Short-term movements 🎯 Benefits of weekly highs and lows (Weekly High/Low) Important structural markers in the higher time frame Weekly highs and lows show medium to long-term market structure. They are often considered stronger supports/resistances than daily levels. ➡️ For example, if the price breaks above the weekly high, this usually signals institutional interest and may indicate a continuation of the trend. ➡️ Conversely, failure to break above a weekly high may indicate market weakness or a reversal. DAILY OPEN The Daily Open is the price at which trading begins on a new day. It marks the first price after the close of the previous trading session. 👉 In many markets (e.g., Forex, index futures, crypto), this is the starting point of daily price movement, where market direction and sentiment realign. 🎯 Benefits of the Daily Open in chart analysis Direction indicator (daily bias) The Daily Open serves as a neutral center line for the current trading day. Traders use it to assess the market direction (bias): Price above the Daily Open → bullish day (buyers dominate) Price below the daily open → bearish day (sellers dominate) 📈 → If the daily open is broken and held above, this indicates upward momentum. 📉 → If it is broken below, this signals weakness. This simple observation helps traders trade with the daily trend rather than against it. STOCK MARKET OPENING HOURS Every major stock exchange has defined trading hours during which institutional capital is active. Examples (CET): Asia (Tokyo/ Hong Kong) 1:00 a.m. – 9:00 a.m. Europe (London/Frankfurt) 08:00 – 17:30 USA (New York) 15:30 – 22:00 Market dynamics change significantly during these time windows, as volume, liquidity, and volatility fluctuate depending on the session. 📈 Benefits in chart analysis 🔹Recognizing volatility and liquidity phases At the start of a session (e.g., 9:00 a.m. in Frankfurt or 3:30 p.m. in New York), trading volume rises sharply. This results in strong movements, often with changes in direction or breakouts. 👉 These phases are particularly suitable for: Breakout strategies Volume or momentum trades Example: If an index (e.g., DAX or S&P 500) reacts strongly at the US opening, this indicates institutional activity that may shape the rest of the day. PSY HIGH AND PSY LOW Psy High and Psy Low stand for: Psychological High → the psychologically significant upper price level of a particular range Psychological Low → the psychologically significant lower price level These are often round numbers or striking price zones that market participants unconsciously use as a guide. Examples: For EUR/USD: 1.0500, 1.1000, 1.1500 For DAX: 17,000, 17,500, 18,000 For BTC/USD: 60,000, 65,000, 70,000 Traders also refer to such levels as “big figures” or “round numbers.” 📊 Why are psy levels so important? Because they are based on human perception and market psychology: 👉 People think in round numbers, not in decimals such as 1.1037 or 17.264. That's why: Private investors often place their stop losses or take profits just above or below these levels, Institutional traders place large limit orders in these zones, and Algorithms react to the liquidity created there. → This results in increased volume, reaction patterns, and price movements at these levels. ADR (Average Daily Range) The ADR measures the average daily trading range of a market over a specific period of time – i.e., how many points, pips, or dollars the price typically moves per day. Example: If the DAX has moved an average of 180 points per day over the last 14 days, the ADR(14) = 180. 🎯 The benefits of ADR in chart analysis 🔹 Assessment of daily volatility The ADR shows how much a market typically moves per day. → This allows you to see whether the current day is more volatile or calmer than normal. Interpretation – Meaning Current range < ADR → Market is still moving within normal limits → Potential for further movement Current range ≈ ADR → Daily target largely achieved → lower probability of significant expansion Current range > ADR → Market overextended → increased probability of correction or consolidation 👉 This helps you to plan entries, price targets, and stops realistically. VWAP (Volume Weighted Average Price) The VWAP is the volume-weighted average price of a security for a specific period of time – usually per day. 👉 Unlike a simple moving average (e.g., EMA), the VWAP takes into account how much was actually traded – not just where the price was. It therefore reflects the fair market value, taking into account the trading volume. 🎯 Benefits of VWAP in chart analysis 🔹 Determining the fair average price The VWAP shows where the majority of the trading volume took place – i.e., the price that the majority of market participants actually paid. ➡️ This is the “fair price of the day.” Price above VWAP → buyers dominate (bullish) Price below VWAP → sellers dominate (bearish) This information is particularly valuable for determining the intraday bias (direction of the day). BOLLINGER BANDS Bollinger Bands consist of three lines based on a moving average (usually SMA 20): Middle band: → usually the 20-period SMA (simple moving average) Upper band: → SMA + (2 × standard deviation) Lower band: → SMA − (2 × standard deviation) 👉 This means that the bands “breathe” with volatility – they widen when the market is volatile and contract when the market is calm. 🎯 The benefits of Bollinger Bands in chart analysis 🔹 Measuring market volatility The main function of Bollinger Bands is to visualize the volatility of a market: Wide bands → high volatility → strong movement/trend phase Narrow bands → low volatility → calm market/consolidation 📈 When the bands contract sharply (“Bollinger squeeze”) → often a harbinger of an impending breakout. KAMA The KAMA was developed by Perry J. Kaufman. Unlike normal moving averages such as SMA or EMA, it dynamically adjusts its smoothing to market conditions: Low volatility / strong trend → reacts faster to price movements High volatility / sideways movement → reacts slower, reduces false signals The core idea: adaptability instead of rigid smoothing. 🎯 Benefits of KAMA in chart analysis 🔹 Filtering out market noise KAMA smooths out unnecessary price fluctuations (noise) that many normal indicators mistakenly interpret as signals. ➡️ This minimizes false signals in sideways phases, while real trends remain visible. EXTRA LARGE WICKS A wick (or wick) is the thin line above or below the candle body: Top → Highest price during the period Bottom → Lowest price during the period Long wick → Significant rejection of the price at this extreme zone Example: A long upper wick means that the price rose high but was then pushed back sharply. 🎯 Benefits of long wicks in chart analysis 🔹 Recognizing rejections and resistance Long upper wick: Sellers did not allow the higher price → possible downward reversal Long lower wick: Buyers defended the lower price → possible upward reversal 💡 The market “speaks” through these wicks: It shows where buyers or sellers are not giving in any further.
Pine Script® indicator
by LM914
TP Calculator (70% & 1.5x)//@version=5 indicator("TP Calculator (70% & 1.5x)", overlay=true) // -------- Inputs -------- entry = input.float(100.0, "Entry Price") stoploss = input.float(90.0, "Stop Loss") // -------- Determine Direction -------- // اگر SL پایین‌تر بود = پوزیشن Long // اگر SL بالاتر بود = پوزیشن Short isLong = stoploss < entry ? true : false // -------- Calculations -------- distance = math.abs(entry - stoploss) // جهت پوزیشن (بالا یا پایین TP می‌رود) direction = isLong ? 1 : -1 tp1 = entry + direction * (distance * 0.70) // 70% tp2 = entry + direction * (distance * 1.50) // 1.5x // -------- Plot Levels -------- plot(entry, "Entry", color=color.blue, linewidth=2) plot(stoploss, "Stop Loss", color=color.red, linewidth=2) plot(tp1, "TP1 (70%)", color=color.green, linewidth=2) plot(tp2, "TP2 (1.5x)", color=color.orange, linewidth=2)
Pine Script® indicator
by mrmostafaesmaeeli
CCI ±100 Price Deviation with SMA & VWAP Trend ColorIndicator Synopsis: CCI ±100 Price Deviation with SMA & VWAP Purpose: This indicator combines trend filtering, momentum smoothing, and dynamic price bands to help identify intraday trading opportunities. It’s designed for: 15-minute chart → trend identification 1–2 minute chart → precise entries based on dynamic bands Components: SMA of Typical Price (smaTP) Smooth average of the current bar’s typical price (hlc3). Acts as a dynamic midpoint for the ±100 deviation bands. ±100 Deviation Bands Calculated using a modified CCI formula: Upper = SMA TP + 0.015 × MAD × 100 Lower = SMA TP - 0.015 × MAD × 100 Works as dynamic support/resistance and potential reversal zones. SMA of CCI length (scaled to price) Smooths the CCI momentum signal to the price scale. Acts as a confirmation filter for trade direction near bands. Optional toggle and customizable color/line width. VWAP (Volume Weighted Average Price) Optional overlay with trend-based coloring: Price above VWAP → bullish → green Price below VWAP → bearish → red Acts as primary trend filter. How to Use the Indicator Step 1: Determine Trend (15-minute chart) Check VWAP trend: Price > VWAP → bullish trend → only consider long trades Price < VWAP → bearish trend → only consider short trades Confirm with SMA TP slope: Rising SMA → bullish bias Falling SMA → bearish bias This ensures you only trade in the direction of the intraday trend.
Pine Script® indicator
by Simon20cent
darshakssc SMC Infinity Enginedarshakssc SMC Infinity Engine is an advanced Smart Money Concepts–based tool designed to help traders visually understand institutional price behavior such as liquidity sweeps, displacement moves, and structure breaks — all without repainting. This script does not predict the future or guarantee outcomes. Instead, it provides a structured price-action framework to help traders study how markets move during key intraday phases. 🔍 Core Concepts Used This indicator highlights: Liquidity Sweeps (equal highs/lows taken out) Displacement Candles (strong institutional momentum bars) Break of Structure (BOS) confirmations Kill Zone Sessions (optional smart-money timing filter) Higher Time Frame Trend Alignment Dynamic Entry, Stop Loss, and Target Levels Internal trade outcome tagging (TP1/TP2/TP3/SL) These components are widely used in institutional price-action models and can help users understand how liquidity and structure interact throughout the trading day. 📊 What the Indicator Displays LONG / SHORT signals after confirmed BOS Entry, SL, TP1, TP2, TP3 mapped directly on the chart Background highlighting for liquidity sweep zones A clean dashboard showing: Current symbol Current price Number of setups recognized TP1/TP2/TP3 stats SL count Live win-rate calculation Last outcome recorded All visuals are provided for study purposes to help users review how price reacts during key structure shifts. 🧠 How to Use It (Educational Purpose) This tool is designed as a market research & educational study aid. You can use it to: Observe how liquidity sweeps often precede directional moves Study how displacement confirms institutional intent Analyze BOS-based structure shifts Compare HTF trend alignment with LTF execution Review trade outcomes historically for self-improvement It can assist in building discipline and consistency when learning SMC-style concepts — without any automation or strategy execution. ⚠️ Important Notes This script does not repaint. This is not a trading system, signal generator, or financial advice. All information is for educational and informational purposes only. Past performance does not guarantee future results. Users should always perform their own analysis and risk management. 🛡️ Compliance Disclaimer This script is provided for educational purposes only. It does not constitute investment advice, does not guarantee results, and should not be used as the sole basis for any trading decision.
Pine Script® indicator
by darshakssc
XAUUSD Sniper Setup (Pre-Arrows + SL/TP)//@version=5 indicator("XAUUSD Sniper Setup (Pre-Arrows + SL/TP)", overlay=true) // === Inputs === rangePeriod = input.int(20, "Lookback Bars for Zone", minval=5) maxRangePercent = input.float(0.08, "Max Range % for Consolidation", step=0.01) tpMultiplier = input.float(1.5, "TP Multiplier") slMultiplier = input.float(1.0, "SL Multiplier") // === Consolidation Detection === highestPrice = ta.highest(high, rangePeriod) lowestPrice = ta.lowest(low, rangePeriod) priceRange = highestPrice - lowestPrice percentRange = (priceRange / close) * 100 isConsolidation = percentRange < maxRangePercent // === Zones === demandZone = lowestPrice supplyZone = highestPrice // === Plot Consolidation Zone Background === bgcolor(isConsolidation ? color.new(color.gray, 85) : na) // === Plot Potential Buy/Sell Levels === plot(isConsolidation ? demandZone : na, color=color.green, title="Potential Buy Level", linewidth=2) plot(isConsolidation ? supplyZone : na, color=color.red, title="Potential Sell Level", linewidth=2) // === Liquidity Sweep === liquidityTakenBelow = low < demandZone liquidityTakenAbove = high > supplyZone // === Engulfing Candles === bullishEngulfing = close > open and close < open and close > open bearishEngulfing = close < open and close > open and close < open // === Break of Structure === bosUp = high > ta.highest(high , 5) bosDown = low < ta.lowest(low , 5) // === Sniper Entry Conditions === buySignal = isConsolidation and liquidityTakenBelow and bullishEngulfing and bosUp sellSignal = isConsolidation and liquidityTakenAbove and bearishEngulfing and bosDown // === SL & TP Levels === slBuy = demandZone - (priceRange * slMultiplier) tpBuy = close + (priceRange * tpMultiplier) slSell = supplyZone + (priceRange * slMultiplier) tpSell = close - (priceRange * tpMultiplier) // === PRE-ARROWS (Show Before Breakout) === preBuyArrow = isConsolidation ? 1 : na preSellArrow = isConsolidation ? -1 : na plotarrow(preBuyArrow, colorup=color.new(color.green, 50), maxheight=20, minheight=20, title="Pre-Buy Arrow") plotarrow(preSellArrow, colordown=color.new(color.red, 50), maxheight=20, minheight=20, title="Pre-Sell Arrow") // === SNIPER CONFIRMATION ARROWS === buyArrow = buySignal ? 1 : na sellArrow = sellSignal ? -1 : na plotarrow(buyArrow, colorup=color.green, maxheight=60, minheight=60, title="Sniper BUY Arrow") plotarrow(sellArrow, colordown=color.red, maxheight=60, minheight=60, title="Sniper SELL Arrow") // === BUY SIGNAL === if buySignal label.new(bar_index, low, "BUY SL/TP Added", style=label.style_label_up, color=color.green, textcolor=color.white) line.new(bar_index, slBuy, bar_index + 5, slBuy, color=color.red, style=line.style_dotted) line.new(bar_index, tpBuy, bar_index + 5, tpBuy, color=color.green, style=line.style_dotted) label.new(bar_index, slBuy, "SL", color=color.red, style=label.style_label_down) label.new(bar_index, tpBuy, "TP", color=color.green, style=label.style_label_up) // === SELL SIGNAL === if sellSignal label.new(bar_index, high, "SELL SL/TP Added", style=label.style_label_down, color=color.red, textcolor=color.white) line.new(bar_index, slSell, bar_index + 5, slSell, color=color.red, style=line.style_dotted) line.new(bar_index, tpSell, bar_index + 5, tpSell, color=color.green, style=line.style_dotted) label.new(bar_index, slSell, "SL", color=color.red, style=label.style_label_up) label.new(bar_index, tpSell, "TP", color=color.green, style=label.style_label_down) // === Alerts === alertcondition(buySignal, title="Sniper BUY", message="Sniper BUY setup on XAUUSD") alertcondition(sellSignal, title="Sniper SELL", message="Sniper SELL setup on XAUUSD") OANDA:XAUUSD
Pine Script® indicator
by nigushope8
Simple VP Shape DetectorSimple VP Shape Detector is a lightweight Pine Script tool designed to help traders quickly identify the four major Volume Profile shapes commonly used in orderflow and auction-market theory: D-Shape (Balanced Profile) P-Shape (Short-Covering / Buyer-Dominant) B-Shape (Long-Liquidation / Seller-Dominant) Thin Profile (Trend Profile) This indicator uses candle statistics (range, body size, volume distribution approximation, and directional movement) to estimate the underlying shape of the volume profile when the full Volume Profile tool is not available. ✔️ What this indicator does Analyzes recent bars to estimate volume concentration vs. price movement Flags possible VP shapes using simple logic Displays labels above/below candles showing: “D” → Balanced “P” → Buyer-heavy “B” → Seller-heavy “T” → Trending / Thin profile Helps traders quickly identify auction conditions ✔️ Why this is useful Volume Profile tools require premium data or heavy visual processing. This script provides a simple, fast, CPU-light alternative that still captures the essential behavior of profile shapes. ✔️ How shapes are detected D-Shape: small directional movement + larger body clustering P-Shape: strong upward move + volume weighted to upper half B-Shape: strong downward move + volume weighted to lower half Thin: long range candles with little internal consolidation ⚠️ Disclaimer This script is an approximation. It does NOT replace full Volume Profile tools. It is designed as an educational / supplemental tool for market structure analysis.
Pine Script® indicator
by YUHUNGTsai
ATR STRUCTURE So I can produce this 🟡 START = 662.63 ✳️ ATR ≈ 8.30 pts (0.5 ATR ≈ 4.15 • 1 ATR ≈ 8.30) 🙂📏 ATR bands (numeric) 🔼 START + 0.5 ATR = 662.63 + 4.15 = 666.78 (upper buffer / shelf) 🔼 START + 1 ATR = 662.63 + 8.30 = 670.93 (breakout band) 🔽 START − 0.5 ATR = 662.63 − 4.15 = 658.48 (near support) 🔽 START − 1 ATR = 662.63 − 8.30 = 654.33 (deeper stop zone) — Priority level ladder (footprint‑first & ATR alignment) — (emoji = confidence • 🔥 = high • ✅ = footprint confirmed • 🟡 = medium) 🔥🟢 PM_LOW / D1 — ~659.95 → 660.50 ✅ (FOOTPRINT CONFIRMED) Why: repeated 30m+1h absorption (sold‑into then bought up). DEEP confidence. 🧯🔁 🔥🔴 ORBH / U2 cluster — ~663.98 → 665.87 ✅ (FOOTPRINT SUPPLY) Why: repeated rejections / sell MaxDelta rows on 30m & 1h. Treat as overhead supply / shelf. 🪓📉 🔥🟦 D3 / ORBL corridor — ~658.64 ✅ (TF confluence: 1h+4h MaxDelta) Why: single‑row institutional sells map here; structural LVN / open‑range low. 🛡️📌 🟡⭐ START / U1 pivot zone — ~662.63 – 662.70 ✅ (session pivot, 1h absorption) Why: session magnet—use for intraday bias pivot / quick confirms. 👀⚖️ 🟡🔥 U4 / U5 upper HVN band — ~666.7 → 669.3 (ATR UPPER) Why: strong HVN / stop‑run evidence on higher TFs — needs large buy MaxDelta to flip. 🚧🚀 ⚪ D5 lower expansion support — ~654.3–656.7 (deeper target if sellers run) Why: longer‑TF expansion area; lower immediate probability but high impact if hit. ⚠️📉
Pine Script® indicator
by TuskenDayTrade
FxAST Ichi ProSeries Enhanced Full Market Regime EngineFxAST Ichi ProSeries v1.x is a modernized Ichimoku engine that keeps the classic logic but adds a full market regime engine for any market and instrument.” Multi-timeframe cloud overlay Oracle long-term baseline Trend regime classifier (Bull / Bear / Transition / Range) Chikou & Cloud breakout signals HTF + Oracle + Trend dashboard Alert-ready structure for automation No repainting: all HTF calls use lookahead_off. 1. Core Ichimoku Engine Code sections: Input group: Core Ichimoku Function: ichiCalc() Variables: tenkan, kijun, spanA, spanB, chikou What it does Calculates the classic Ichimoku components: Tenkan (Conversion Line) – fast Donchian average (convLen) Kijun (Base Line) – slower Donchian average (baseLen) Senkou Span A (Span A / Lead1) – (Tenkan + Kijun)/2 Senkou Span B (Span B / Lead2) – Donchian over spanBLen Chikou – current close shifted back in time (displace) Everything else in the indicator builds on this engine. How to use it (trading) Tenkan vs Kijun = short-term vs medium-term balance. Tenkan above Kijun = short-term bullish control; below = bearish control. Span A / B defines the cloud, which represents equilibrium and support/resistance. Price above cloud = bullish bias; price below cloud = bearish bias. Graphic 2. Display & Cloud Styling Code sections: Input groups: Display Options, Cloud Styling, Lagging Span & Signals Variables: showTenkan, showKijun, showChikou, showCloud, bullCloudColor, bearCloudColor, cloudLineWidth, laggingColor Plots: plot(tenkan), plot(kijun), plot(chikou), p1, p2, fill(p1, p2, ...) What it does Lets you toggle individual components: Show/hide Tenkan, Kijun, Chikou, and the cloud. Customize cloud colors & opacity: bullCloudColor when Span A > Span B bearCloudColor when Span A < Span B Adjust cloud line width for clarity. How to use it Turn off components you don’t use (e.g., hide Chikou if you only want cloud + Tenkan/Kijun). For higher-timeframe or noisy charts, use thicker Kijun & cloud so structure is easier to see. Graphic Before After 3. HTF Cloud Overlay (Multi-Timeframe) Code sections: Input group: HTF Cloud Overlay Vars: showHTFCloud, htfTf, htfAlpha Logic: request.security(..., ichiCalc(...)) → htfSpanA, htfSpanB Plots: pHTF1, pHTF2, fill(pHTF1, pHTF2, ...) What it does Pulls higher-timeframe Ichimoku cloud (e.g., 1H, 4H, Daily) onto your current chart. Uses the same Ichimoku settings but aggregates on htfTf. Plots an extra, semi-transparent cloud ahead of price: Greenish when HTF Span A > Span B Reddish when HTF Span B > Span A How to use it Trade LTF (e.g., 5m/15m) only in alignment with HTF trend: HTF cloud bullish + LTF Ichi bullish → look for longs HTF cloud bearish + LTF Ichi bearish → look for shorts Treat HTF cloud boundaries as major S/R zones. Graphic 4. Oracle Module Code sections: Input group: Oracle Module Vars: useOracle, oracleLen, oracleColor, oracleWidth, oracleSlopeLen Logic: oracleLine = donchian(oracleLen); slope check vs oracleLine Plot: plot(useOracle ? oracleLine : na, "Oracle", ...) What it does Creates a long-term Donchian baseline (default 208 bars). Uses a simple slope check: Current Oracle > Oracle oracleSlopeLen bars ago → Oracle Bull Current Oracle < Oracle oracleSlopeLen bars ago → Oracle Bear Slope state is also shown in the dashboard (“Bull / Bear / Flat”). How to use it Think of Oracle as your macro anchor : Only take longs when Oracle is sloping up or flat. Only take shorts when Oracle is sloping down or flat. Works well combined with HTF cloud: HTF cloud bullish + Oracle Bull = higher conviction long bias. Ideal for Gold / Indices swing trades as a trend filter. Graphic idea 5. Trend Regime Classifier Code sections: Input group: Trend Regime Logic Vars: useTrendRegime, bgTrendOpacity, minTrendScore Logic: priceAboveCloud, priceBelowCloud, priceInsideCloud Tenkan vs Kijun alignment Cloud bullish/bearish bullScore / bearScore (0–3) regime + regimeLabel + regimeColor Visuals: bgcolor(regimeColor) and optional barcolor() in priceColoring mode. What it does Scores the market in three dimensions : Price vs Cloud Tenkan vs Kijun Cloud Direction (Span A vs Span B) Each condition contributes +1 to either bullScore or bearScore . Then: Bull regime when: bullScore >= minTrendScore and bullScore > bearScore Price in cloud → “Range” Everything else → “Transition” These regimes are shown as: Background colors: Teal = Bull Maroon = Bear Orange = Range Silver = Transition Optional candle recoloring when priceColoring = true. How to use it Filters: Only buy when regime = Bull or Transition and Oracle/HTF agree. Only sell when regime = Bear or Transition and Oracle/HTF agree. No trade zone: When regime = Range (price inside cloud), avoid new entries; wait for break. Aggressiveness: Adjust minTrendScore to be stricter (3) or looser (1). Graphic 6. Signals: Chikou & Cloud Breakout Code sections : Logic: chikouBuySignal = ta.crossover(chikou, close) chikouSellSignal = ta.crossunder(chikou, close) cloudBreakUp = priceInsideCloud and priceAboveCloud cloudBreakDown = priceInsideCloud and priceBelowCloud What it does 1. Two key signal groups: Chikou Cross Signals Buy when Chikou crosses up through price. Sell when Chikou crosses down through price. Classic Ichi confirmation idea: Chikou breaking free of price cluster. 2. Cloud Breakout Signals Long trigger: yesterday inside cloud → today price breaks above cloud. Short trigger: yesterday inside cloud → today price breaks below cloud. Captures “equilibrium → expansion” moves. These are conditions only in this version (no chart shapes yet) but are fully wired for alerts. (Future Updates) How to use it Use Chikou signals as confirmation, not standalone entries: Eg., Bull regime + Oracle Bull + cloud breakout + Chikou Buy. Use Cloud Breakouts to catch the first impulsive leg after consolidation. Graphic 7. Alerts (Automation Ready) [ b]Code sections: Input group: Alerts Vars: useAlertTrend, useAlertChikou, useAlertCloudBO Alert lines like: "FxAST Ichi Bull Trend", "FxAST Ichi Bull Trend", "FxAST Ichi Cloud Break Up" What it does Provides ready-made alert hooks for: Trend regime (Bull / Bear) Chikou cross buy/sell Cloud breakout up/down Each type can be globally toggled on/off via the inputs (helpful if a user only wants one kind). How to use it In TradingView: set alerts using “Any alert() function call” on this indicator. Then filter which ones fire by: Turning specific alert toggles on/off in input panel, or Filtering text in your external bot / webhook side. Example simple workflow ---> Indicator ---> TV Alert ---> Webhook ---> Bot/Broker 8. FxAST Dashboard Code sections: Input group: Dashboard Vars: showDashboard, dashPos, dash, dashInit Helper: getDashPos() → position.* Table cells (updated on barstate.islast): Row 0: Regime + label Row 1: Oracle status (Bull / Bear / Flat / Off) Row 2: HTF Cloud (On + TF / Off) Row 3: Scores (BullScore / BearScore) What it does Displays a compact panel with the state of the whole system : Current Trend Regime (Bull / Bear / Transition / Range) Oracle slope state Whether HTF Cloud is active + which timeframe Raw Bull / Bear scores (0–3 each) Position can be set: Top Right, Top Left, Bottom Right, Bottom Left. How to use it Treat it like a pilot instrument cluster : Quick glance: “Are my trend, oracle and HTF all aligned?” Great for streaming / screenshots: everything important is visible in one place without reading the code. Graphic (lower right of chart )
Pine Script® indicator
by alldyn_pip_king
BBWW 2.0 Revised EN# Expert Review: BBWW 2.0 (Bollinger Bands Wing Waves) **Verdict:** This is not just an indicator, but a full-fledged **system for visualizing market regimes**. Unlike standard Bollinger Bands, which only show volatility and deviation, BBWW 2.0 decodes **crowd psychology**, separating price movements into momentum phases (Fear/Greed) and decay phases (Correction). This is a tool for **trend** and **swing** traders operating on volatility breakouts. --- ## How It Works: Under the Hood At its core lies the classic mathematics of standard deviation, enhanced by advanced digital filters (Gaussian, Butterworth, SWMA). The main "feature" of the indicator is the **Wing Waves** algorithm, which analyzes three vectors simultaneously: 1. Direction of the Basis (central line). 2. Dynamics of the Upper Band (expansion/contraction). 3. Dynamics of the Lower Band (expansion/contraction). The combination of these vectors creates 4 market states: ### 1. Greed Impulse (Color: Olive) * **Logic:** Basis rising + Channel expanding upwards. * **Meaning:** Aggressive buying. Volatility is increasing in the direction of the trend. This is the most profitable phase for holding long positions. Shorting here is suicide. ### 2. Greed Correction (Color: Maroon) * **Logic:** Basis is still rising, but the lower band has started to pull up (volatility contraction). * **Meaning:** Buyers are exhausting, taking profits. Momentum has faded, the market is drifting or preparing for a reversal. ### 3. Fear Impulse (Color: Fuchsia) * **Logic:** Basis falling + Channel expanding downwards. * **Meaning:** Panic selling. Strong downward impulsive movement. The best time to hold shorts or stay out of the market (for spot). ### 4. Fear Correction (Color: Teal) * **Logic:** Basis falling, but the upper band has started to decline (contraction). * **Meaning:** "Dead cat bounce" or bottom stabilization. Sellers are closing positions, volatility is dropping. Dangerous to open new shorts. --- ## Trading Strategies and Recommendations As a professional trader, I recommend using BBWW 2.0 as follows: ### Strategy 1: "Surfing the Waves" (Trend Following) Works perfectly on 1H, 4H, and 1D timeframes. * **ENTRY:** Enter a trade when a "Correction" phase changes to an "Impulse" phase. * *Long:* Change from Maroon (Correction) → to Olive (Greed). This is a signal that consolidation is over and the trend has resumed. * *Short:* Change from Teal (Correction) → to Fuchsia (Fear). * **EXIT:** As soon as the color changes to a correction phase, tighten your stop-loss or take partial profits. ### Strategy 2: "The Squeeze" BBWW excels at showing moments when the spring is coiling. * If you see a prolonged period of "Correction" (bands narrowing), and price is squeezed between the Basis and one of the bands — get ready for a breakout. * Use **Basis Line touches** during a trend as an entry point to add to a position. In a strong trend, price often tests the middle (Basis) and bounces off it. ### Strategy 3: Noise Filtering * Enable **Gaussian** or **Butterworth** filter in settings instead of the standard SMA. This removes market noise and provides a smoother Basis Line, reducing false signals in sideways markets (flat). --- ## Nuances and Risks 1. **Sideways Market (Flat):** Like any trend tool, BBWW will give false signals in a narrow range. Colors will change frequently, and bands will be horizontal. * *Solution:* Do not trade if the Basis Line is flat (horizontal). Wait for a slope. 2. **Lag:** Any MA (Moving Average) has lag. The signal for a phase change (e.g., start of Fear) comes when the move has already started. Do not try to catch the absolute tops and bottoms. Capture the "body" of the move. 3. **Period Settings:** * For scalping (5m-15m): Reduce period to 14-16. * For medium-term (4H-1D): Leave at 20 or increase to 50 to filter for the global trend. ### Summary BBWW 2.0 is a powerful visual assistant. It removes the emotional component of trading by answering the main questions: *"Is it greed or fear right now?"* and *"Is volatility rising or falling?"*. **Best Application:** Cryptocurrencies and volatile stocks, where pump and dump phases (volatility expansions) are most pronounced.
Pine Script® indicator
by digasic
2
Advanced Linear Regression Pro [PointAlgo]Advanced Linear Regression Pro is an open-source tool designed to visualize market structure using linear regression, volatility bands, and optional volume-weighted calculations. The indicator expands the concept of regression channels by adding higher-timeframe confluence, slope analysis, imbalance detection, and breakout highlighting. Key Features • Volume-Weighted Regression Weights the regression curve based on volume to highlight periods of strong participation. • Dynamic Standard-Deviation Bands Upper and lower bands are derived from volatility to help visualize potential expansion or contraction zones. • Multi-Timeframe (MTF) Regression Plots higher-timeframe regression lines and bands for additional trend context. • Slope Strength Analysis Helps identify whether the current regression slope is trending upward, downward, or in a neutral range. • Order Flow Imbalance Detection Highlights bars where price and volume move unusually fast, which may indicate liquidity voids or imbalance zones. • Breakout Markers Shows simple visual markers when the price closes beyond volatility bands with volume confirmation. These are visual signals only, not trading signals. How to Use This indicator is meant for visual market analysis, such as: Observing trend direction through regression slope Spotting volatility expansions Comparing price against higher-timeframe regression structure Identifying areas where price moves rapidly with volume It can be used on any market or timeframe. No part of this script is intended as financial advice or a complete trading system.
Pine Script® indicator
by pointalgo
90D High % Pullback Lines (Hybrid 10 Lines)90D High % Pullback Lines (Hybrid 10 Lines) visualizes drawdown levels from the 90-day high, with up to 10 fully customizable percentage-based lines. This tool makes it easy to identify pullbacks, dip-buy zones, trend continuation points, and discount regions in any market. 🔍 Features ✅ Up to 10 customizable pullback levels Each line has its own % drop setting Turn any line ON/OFF individually Example presets: −10%, −20%, −30%, … −95% ✅ Two rendering modes 1. Hybrid Fixed Line Mode (Stable / Anti-Shift) Prevents line drift caused by chart updates Keeps horizontal levels synchronized on every bar Best stability for intraday & real-time use 2. Lightweight plot (stepline) Mode Ideal for backtesting Fully compatible with alerts Clean and fast rendering ✅ Supports daily-based 90-day high Even on lower timeframes, the indicator can use the daily 90-day high Ideal for MTF (multi-timeframe) analysis 🎯 Use Cases Instantly see how far price has pulled back (%) from the 90-day high Build systematic dip-buy / trend-follow setups Identify discount zones during volatility Monitor recovery signals after strong sell-offs Works great for crypto, FX, indices, and stocks 🚨 Alerts Included Alerts trigger when closing price crosses any selected pullback line Useful for automated dip-buy alerts, breakout alerts, etc. 📌 Notes Due to internal TradingView behavior, public indicators may behave slightly differently from real-time script editing mode. The Hybrid Line Mode is designed to provide the most stable and drift-free line display.
Pine Script® indicator
by degawa514
[Algoros] BTC Major Trendline# BTC Major Trendline - Long-Term Bitcoin Trend Analysis ## Overview BTC Major Trendline is a comprehensive technical analysis tool designed to track Bitcoin's long-term bullish trajectory using historically significant price points. This indicator establishes a primary upward trendline anchored to two major Bitcoin cycle lows, along with optional parallel channels and Fibonacci-based price projections. ## ⚠️ Important Requirements **This indicator requires a Bitcoin chart with sufficient historical data dating back to at least April 2013.** **✅ Recommended Charts:** - `INDEX:BTCUSD` - Bitcoin Index (comprehensive history) - `BITSTAMP:BTCUSD` - Bitstamp Bitcoin (default setting) **❌ Will NOT work properly on:** - Charts with limited history (Like hourly charts) - Exchanges that launched after 2013 - Altcoin pairs or other cryptocurrencies If the indicator doesn't display correctly, switch to one of the recommended Bitcoin charts above. ## Key Features ### 📈 Primary Trendline - Anchored to two historically significant lows: - **Start Point**: July 6, 2013 - Early Bitcoin accumulation phase - **End Point**: November 21, 2022 - FTX collapse bottom - Automatically calculates and extends the trendline based on these anchor points - Displayed as a solid orange line ### 🔷 Parallel Channel Line (Optional) - Creates an upper boundary by connecting historical high points: - April 10, 2013 and June 11, 2017 - Helps identify potential resistance zones and channel breakouts - Displayed as a blue dotted line for easy distinction ### 🎯 Fibonacci Trendline Multipliers (Optional) - Seven Fibonacci-based projection lines: **1.6x, 2x, 3x, 5x, 8x, 13x, and 21x** - Each multiplier creates a parallel trendline above the main trend - Color-coded from teal to maroon for clear visual separation - Useful for identifying potential profit-taking zones and long-term price targets ### 📉 Negative Fibonacci Trendlines (Optional) - Seven division-based support lines: **÷1.6, ÷2, ÷3, ÷5, ÷8, ÷13, and ÷21** - Projects downward channels below the main trendline - Displayed in yellow tones for easy identification - Helps identify extreme oversold conditions and potential bounce zones ## Customization Options - **Symbol Input**: Track any Bitcoin pair with sufficient history (default: BITSTAMP:BTCUSD) - **Show/Hide Components**: Toggle parallel line, Fibonacci multipliers, and negative Fibonacci lines independently - **Line Extension**: Extend lines right, left, both directions, or none - **Multi-Timeframe Compatible**: View on any timeframe once loaded on a compatible chart ## How to Use 1. **Setup**: First, open a Bitcoin chart with sufficient history (INDEX:BTCUSD or BITSTAMP:BTCUSD recommended) 2. **Trend Confirmation**: The main orange trendline represents the long-term bullish trajectory. Price staying above this line suggests the bull market remains intact. 3. **Channel Trading**: Use the parallel line (blue dotted) as a potential upper boundary for the long-term channel. 4. **Price Targets**: Enable Fibonacci multiplier lines to identify ambitious long-term price targets during bull runs. Higher multipliers (13x, 21x) represent parabolic extension zones. 5. **Support Identification**: Enable negative Fibonacci lines to spot potential support zones during corrections or bear markets. 6. **Risk Management**: Breaking below the main trendline could signal a shift in long-term trend, warranting caution. ## Technical Implementation - Uses `request.security()` to fetch precise daily prices at historical timestamps - Requires access to Bitcoin price data from April 2013 onwards - Calculates slope dynamically based on anchor points - All lines update in real-time as new price data emerges - Efficient rendering system minimizes performance impact ## Best Used For ✅ Long-term Bitcoin investors and HODLers ✅ Identifying major trend direction ✅ Setting realistic long-term price targets ✅ Spotting potential support/resistance zones ✅ Multi-timeframe analysis (on compatible charts) ✅ Educational purposes (understanding logarithmic growth) ## Troubleshooting **Lines not appearing?** - Ensure you're viewing INDEX:BTCUSD or BITSTAMP:BTCUSD - Check that the chart has data back to April 2013 - Verify the symbol input matches your chart - Try switching to a daily or weekly timeframe first
Pine Script® indicator
by algoros
Trend-Adaptive 3-Band Reversal CloudThis indicator plots a trend-adaptive, volatility-based 3-band cloud on your chart to visually contextualize potential high-probability reversal, balance, and exhaustion price zones — all in strict alignment with TradingView’s house rules and best compliance practices. How It Works Trend Detection: The script determines short-term trend direction using two adjustable EMAs (fast and slow). When the fast EMA is above the slow, the environment is classified as an uptrend; when below, as a downtrend. Adaptive Bands and Clouds: Around the dynamic trend baseline, three cloud “bands” are drawn using multiples of an ATR (Average True Range) volatility filter, automatically adjusting for evolving market conditions: Middle Band (Fair Value Zone): Area around the baseline, where price is statistically balanced. Upper Outer Band: In an uptrend, this shows a potential 'exhaustion/overextension' area; in a downtrend, it can act as a deep pullback or reversal area. Lower Outer Band: In an uptrend, this highlights a possible 'deep pullback/reversal' area; in a downtrend, it becomes the potential exhaustion zone. Contextual RSI Markers: When price is in one of the outer bands and RSI is overbought (upper) or oversold (lower), a tiny diamond marker appears on that band as extra context — offering a visual cue for a possible high-momentum exhaustion or deep reversal zone, but never a trade signal or advice. Visuals and Compliance: All cloud regions use three different, semi-transparent colors for easy reading, and never block price action. Labels indicate only “Possible Exhaustion,” “Deep Pullback Zone,” and “Balanced/Fair Value”—the language is strictly neutral and descriptive. All calculations run only on confirmed, historical bars with zero repainting, no future bar lookahead, and no predictive overlays. How to Use Add to Chart: Simply add the indicator to any chart and timeframe. Configure: Adjust the EMA, ATR, and RSI settings via the input panel to best fit your instrument and preferred sensitivity. Choose band multipliers to widen or contract the cloud according to volatility or your system. Toggle RSI marker/context highlighting as desired. Interpretation: Middle Cloud (“Balanced/Fair Value”): Price in this zone suggests mean reversion, equilibrium, or fair pricing for the session’s volatility/trend conditions. Outer Clouds: If price reaches an outer cloud, pay attention for potential mean-reversion (if trend persists) or exhaustion zones (especially if a diamond appears). Uptrend: Lower cloud is where larger pullbacks/reversals are often initiated; upper cloud indicates potential trend exhaustion. Downtrend: Upper and lower clouds are reversed in interpretation. Diamond Markers: A red diamond atop the upper band signifies RSI overbought; a lime diamond below the lower band shows RSI oversold. These do not recommend trading—only highlight increased likelihood that buyers/sellers may be overextended. Best Practices: Do not use the indicator in isolation or as a signal generator. Combine its context with price action confirmation, volume, or other non-repainting tools. Use labels only for navigation/context, never as actionable advice. Technical Details Inputs/Customization: Fully adjustable (EMAs, ATR period, band multipliers, RSI thresholds, label/marker toggles). Logic: All code processes only historical closed bars and overlays information in real time. No repaint, strategy, or alerts: No signals, no script-driven trading, and no claims of prediction or guaranteed probability. House-rule Clean: The script and its visuals are compliant with TradingView’s publishing requirements, both visually and textually. Summary: This tool is designed for traders who want to visually frame high-probability reversal, equilibrium, and exhaustion zones adaptively—while keeping price action primary and avoiding visual or conceptual clutter. Use it to better understand where price may statistically find resistance/support or revert, not to automate signals or guarantee outcomes
Pine Script® indicator
by darshakssc
Cirrus Cloud v3.3 Jelly + Recovery TradesCirrus Cloud v3.3 is a trend-following pullback system built for precision entries, clean structure, and controlled risk. This version includes Normal Pullback Recovery Trades, giving you a second chance to neutralize Trend Flip losses by opening a recovery position the moment the next valid pullback occurs. 🔷 Core Features 1. Cirrus Cloud Trend Engine Dual smooth range filters Stable trend color flips Automatic cloud thickness filter No repainting Works on all timeframes and assets 2. Pullback Entry Modes Extreme Pullback – deeper retests into the cloud Normal Pullback – touch-and-reclaim logic Direct Trend Change – immediate flips 3. Clean Exit Logic TP in points SL modes: User Defined Trend Flip Cloud Breach Labels for TP/SL plotted directly on chart JSON alerts for fully automated execution 🔷 Recovery Trade System (New) A Trend Flip SL in Normal Pullback mode activates the recovery system: Original trade stops out due to a Trend Flip The system waits for the next Normal Pullback signal At that moment, it opens two trades simultaneously: A normal trade A recovery trade (coloured fuchsia on chart) Recovery trade uses its own TP value and standard SL rules Recovery TP/SL are marked in yellow X-marks This allows you to: Reduce or completely offset Trend Flip losses Use different order sizes on your execution side Maintain clean directional logic without martingale 🔷 Visuals & Alerts Cloud and ribbon retain original Cirrus styling BUY/SELL labels in green/red Recovery BUY/SELL labels in fuchsia Recovery TP/SL X-marks in yellow One persistent Mode label updates dynamically JSON blocks for: BUY / SELL TP / SL R BUY / R SELL R TP / R SL Perfect for automated traders using bots, webhooks, or API execution. 🔷 Best For Pullback-based trading Trend systems seeking stability Automated execution setups Users who want second-chance entries without martingale XAUUSD, BTC, Indices, FX, and synthetic markets
Pine Script® indicator
by jellyfiish
Faraz Perfect Structure XL / XS (Trend-Filtered)Faraz’s Perfect Structure XL/XS identifies premium trend continuation and reversal setups using a three-filter system: structural breakouts using dynamic swing-based support/resistance, trend confirmation via 200-EMA slope, momentum validation through RSI and MACD. Signals only trigger when all factors align, eliminating noise, chop, and false signals. Designed for traders who want clean, high-probability long (XL) and short (XS) entries.
Pine Script® strategy
by fsaleem03
Multi-Timeframe Trend MA&BB Suite: 6x Moving Averages by Jenn.ioMulti-Timeframe Trend MA & BB Suite: 6x Moving Averages + 5x MTF View by Jenn.io Indicator Overview This indicator is a comprehensive, all-in-one trend and volatility tool designed for traders who rely on Moving Averages (MAs) and Bollinger Bands (BBs). It stands out by allowing users to plot up to six fully customized MAs on the current chart, while simultaneously projecting the values of those same MAs from up to five higher timeframes (MTF). It's the essential tool for top-down analysis and identifying high-probability confluence zones. Key Features and Customization 1. The Core: 6x MAs and Bollinger Bands: six Independent MAs: Plot up to six separate Moving Averages on your current chart. Each MA is fully customizable in terms of: Type: Choose from SMA, EMA, SMMA (RMA), WMA, or VWMA. Source and Length: Set the calculation source (Close, Open, etc.) and the lookback period. Style: Customize color, thickness, and line style (Solid, Dashed, Dotted). Integrated Bollinger Bands (BB): Includes standard Bollinger Bands with customization for length, standard deviation, MA type, and the option to enable or disable the band fill color. 2. Advanced: Multi-Timeframe (MTF) Projection a. 5x MTF Timeframes: The user can enable and fully customize up to five distinct higher timeframes (e.g., Daily, Weekly, Monthly, 4H, 15m). b. Dynamic MTF Visualization: The indicator fetches the value of the 6 MAs from these higher timeframes and displays them on the current chart using one of three customizable modes: Extended Mode: Projects the MTF MA value as a continuous line extending to the right, simulating where the MA is moving on the higher chart. Floating Segment: Draws a short, visible line segment near the current price action, showing the MA value without cluttering the whole chart. Floating Label: Displays the MA value as a text label anchored to the right of the current bar, providing clean, non-obtrusive data. Recommended Usage 1. MTF Confluence: Look for instances where the MTF MA lines align closely with the MAs or BBs of your current timeframe. These areas represent strong support/resistance zones. 2. Trend Filter: Use the Extended Mode MTF lines to quickly determine the higher-timeframe trend without changing your chart. For example, if the Daily 200 EMA is above the current price, the bias is bearish. 3. Precision Entries: Use the Floating Label Mode to see the precise MA value from a higher timeframe. This is useful for placing limit orders near key structural levels.
Pine Script® indicator
by Jenn_io