Get started

Candlestick analysis

Signal Strength AnalysisTraining Guide — Signal Strength Analysis 1. What this tool is This is an all-in-one analysis dashboard that: • Tracks market structure (order blocks, trendlines, support/resistance). • Reads technical indicators (RSI, MACD, Bollinger Bands). • Measures volume, volatility, momentum, and price positioning. • Confirms buy/sell signals with multiple filters. • Keeps performance records (win rate, PnL, signal strength). • Presents everything in a visual table for quick decision support. 👉 It is a learning and training tool — not a broker strategy. It helps learners practice multi-factor analysis in a structured way. ________________________________________ 2. Step-by-step workflow for learners Step 1 – Market Overview The dashboard starts with: • Last Price → current market close. • Daily Change % → price vs. yesterday. • Volume Ratio → compares today’s volume to the average. 💡 Learners can check if the market is calm, trending, or under unusual activity. ________________________________________ Step 2 – Technical Indicators • RSI (Relative Strength Index) o 70 = Overbought, <30 = Oversold. o A progress bar shows strength visually. • MACD (Moving Average Convergence Divergence) o “Bull” if histogram > 0, “Bear” if < 0. o Helps track momentum shifts. • Bollinger Band Position o Where price sits between upper & lower bands. o 80% = Overbought zone, <20% = Oversold zone. 💡 Learners use this to spot overextended moves and potential reversals. ________________________________________ Step 3 – Order Block Analysis • Buy OB Level / Sell OB Level o Price zones where buyers or sellers concentrated. • OB Status o 🟢 Buy Active → bullish setup. o 🔴 Sell Active → bearish setup. o ⚪ Waiting → no clear signal. 💡 Helps students understand how institutions leave “footprints” in price zones. ________________________________________ Step 4 – Volume Analysis • Bull Volume vs. Bear Volume o Cumulative measurement of buy vs. sell pressure. o Progress bars show balance. • Volume Spike o “🔥 High” when today’s volume is unusually strong. 💡 Shows when participation supports a move (important for validation). ________________________________________ Step 5 – Signal Strength • A score out of 100% based on: 1. RSI extremes (overbought/oversold). 2. Volume spike confirmation. 3. MACD trend confirmation. 4. Overall EMA trend alignment. • Win Rate → % of successful signals tracked. • Total PnL → running performance. 💡 Learners can practice weighing multiple signals instead of relying on one indicator. ________________________________________ Step 6 – Market Conditions & Risk • Trend Check → bullish, bearish, or neutral from EMAs. • ATR Filter → rejects signals if volatility is too low. • Risk Management Alerts → marks TP/SL hits for both long and short trades. 💡 This trains learners to always tie signals to risk/reward management. ________________________________________ 3. How it helps learners • Structured Thinking: Instead of chasing random indicators, they get a full framework. • Practical Filters: Combines momentum, volume, and volatility so signals are stronger. • Visual Reinforcement: Table sections show conditions in color-coded, easy-to-read cells. • Performance Tracking: Builds discipline by recording wins/losses, not just entries. • Risk Awareness: Alerts teach that managing exits is as important as finding entries. ________________________________________ 4. Deep dive into dashboard sections Section What It Teaches How Learners Use It 🔍 Market Overview Price, change %, volume context Judge if market is trending or consolidating 📈 Technical Analysis RSI, MACD, BB position Identify overbought/oversold, momentum shifts 🎯 Order Block Analysis Institutional levels Practice spotting zones where smart money acts 📊 Volume Analysis Buyer vs seller activity Confirm if move is real or weak ⚡ Signal Strength Composite score + Win Rate Learn weighting multiple signals together 🎲 Market Conditions & Risk Trend + volatility + alerts Build habit of risk-managed decisions ________________________________________ 5. Suggested classroom exercises 1. Trend vs. Countertrend Study o When OB says “Buy” but RSI shows overbought, what happens? o Learners compare outcomes. 2. Volume Confirmation o Log trades with & without volume spikes. o Discuss why volume validation matters. 3. Signal Strength Calibration o Watch how strength % changes when multiple indicators align. o Practice “confidence ranking” before entries. 4. Risk Discipline Drill o Focus only on TP/SL hits. o Learners note whether following system exits improved results. ________________________________________ 6. Key takeaways for learners • No single indicator works alone — this tool forces multi-factor thinking. • Volume and volatility filters prevent false signals. • Performance tracking builds accountability. • Color-coded dashboards simplify complex information. • Alerts + risk management remind that exit discipline is vital. ________________________________________ ⚠️ Important disclaimer: This script is an educational tool only. It demonstrates how traders can combine multiple analyses into one framework. It should not be used as financial advice or a live trading strategy without testing, risk controls, and professional guidance. ________________________________________
Pine Script® indicator
by aiTrendview-Charting-System
Ultra Degen Indicator🚨 Ultra Degen Indicator 🚨 Ready to YOLO your way to the moon or get rekt trying? The Ultra Degen Indicator is your ultimate co-pilot for navigating the wild world of crypto. This isn't your grandpa's boring, slow-moving indicator. This is pure, unadulterated degen energy, designed to help you catch pumps and dump your bags before it's too late. We've turbocharged the classic Supertrend by adding a high-octane RSI filter. This means no more waiting for slow signals. We're getting in early and getting out fast. What's under the hood? Supercharged Supertrend: A lean, mean, trend-following machine that cuts through the noise to tell you whether to long or short. RSI Momentum Filter: The secret sauce! We use RSI to confirm that the momentum is in your favor. No more buying on weak bounces or selling into strong pumps. If the Supertrend flashes a buy signal, the RSI checks for bullish momentum. If the RSI isn't feeling it, we sit on our hands and wait for a better entry. Multi-Timeframe (MTF) Support: Want to catch a quick scalp but trade with the big boys' trend? No problem. The Ultra Degen Indicator lets you set a higher timeframe to filter your trades, so you can snipe entries on the 5-minute chart while staying aligned with the daily trend. This is how you avoid getting rekt by a whale. This indicator is for the true degen who understands that sometimes, you just gotta ape in. Use it wisely, have fun, and may your portfolio never see a red candle again. DYOR. NFA. LFG. 🚀
Pine Script® indicator
by Kachingz
X-Scalp by LogicatX-Scalp by Logicat — Clean-Range MTF Scalper Turn noisy intraday action into clear, actionable scalps. X-Scalp builds “Clean Range” zones only when three timeframes agree (default: M30/M15/M5), then waits for a single, high-quality M5 confirmation to print a BUY/SELL label. It’s fast, simple, and ruthlessly focused on precision. What it does Clean Range zones: Drawn from the last completed M30 candle only when M30/M15/M5 align (all green or all red). Size filter (pips): Ignore tiny, low-value ranges with a configurable minimum height (auto-pip detection included). Extend-until-mitigated: Zones stretch right and “freeze” on first mitigation (close inside or close beyond, your choice). Optional fade when mitigated. Laser M5 entries (one per box): Red M5 bar inside a green zone → SELL Green M5 bar inside a red zone → BUY Prints once per zone on the closed M5 candle—no spam. Quality of life: Keep latest N zones, customizable colors, optional H4 reference lines, alert conditions for both zone creation and entries. Why traders love it Clarity: Filters chop; you see only aligned zones and one clean trigger. Speed: Designed for scalpers on FX, XAU/USD, indices, and more. Control: Tune lookback, pip threshold, mitigation logic, and visuals to fit your playbook. Tips Use on liquid sessions for best results. Combine with your risk model (fixed R, partials at mid/edge, etc.). Backtest different pip filters per symbol. Disclaimer: No indicator guarantees profits. Trade responsibly and manage risk.
Pine Script® indicator
by ling7777
Three-Bar Reversal/ContinuationThis indicator identifies a three-bar expansion pattern based on range and volume, designed to highlight moments when the market pushes strongly, pauses, and then resumes with confirmation. Detection Logic * Bar (two bars ago) must show sufficient strength, determined by the number of conditions met. * Bar (one bar ago) must be neutral (strength = 0), marking a brief pause. *Bar (current bar) must continue the expansion, with range and volume greater than the prior bar. (Bar is used as a safeguard to prevent repeated detection during ongoing strong moves) Strength Scoring Each bar is scored 0–3 based on which of the following conditions it satisfies: * Range exceeds a multiple of the recent average * Volume exceeds a multiple of the recent average * Range × volume exceeds a multiple of the recent average The detection level input controls how many of these conditions must hold to classify a bar as “strong.” This allows tuning from permissive (1 condition) to strict (all 3 conditions). Parameters & Utility * length: Lookback period for moving averages of span, volume, and span×volume. Larger values smooth the averages, reducing false positives; smaller values increase sensitivity. * coeff: Multiplicative threshold to define an unusually strong bar. Higher values reduce frequency but increase reliability. * detectLevel: Minimum number of conditions that must be met for a bar to count as “strong.” * showCont: Whether to allow continuation signals away from local extrema (if false, only reversals near highs/lows are considered). * symbolUp / symbolDown: Customizable plotting symbols for bullish/bearish signals. * showStrength: Plots tiny dots indicating the strength of each bar (1–3). Rationale This structure captures a recurring market motif: strong push → brief pause → renewed push, where the renewed activity is confirmed by both price expansion and volume. Using a combination of statistical thresholds (range, volume, range×volume) and price structure ensures that signals are both measurable and visually interpretable. Usage Notes * This setup allows traders to visually or systematically identify potential reversal or continuation points while controlling sensitivity to noise. * Designed as a mechanical filter rather than a fully automated trading system. Signals highlight notable activity but do not dictate entry, exit, or risk management. * Works best when combined with trend/context filters or higher-timeframe analysis. * Adjust the parameters based on the volatility of the instrument and timeframe.
Pine Script® indicator
by abuzka
Live Market - Performance MonitorLive Market — Performance Monitor Study material (no code) — step-by-step training guide for learners ________________________________________ 1) What this tool is — short overview This indicator is a live market performance monitor designed for learning. It scans price, volume and volatility, detects order blocks and trendline events, applies filters (volume & ATR), generates trade signals (BUY/SELL), creates simple TP/SL trade management, and renders a compact dashboard summarizing market state, risk and performance metrics. Use it to learn how multi-factor signals are constructed, how Greeks-style sensitivity is replaced by volatility/ATR reasoning, and how a live dashboard helps monitor trade quality. ________________________________________ 2) Quick start — how a learner uses it (step-by-step) 1. Add the indicator to a chart (any ticker / timeframe). 2. Open inputs and review the main groups: Order Block, Trendline, Signal Filters, Display. 3. Start with defaults (OB periods ≈ 7, ATR multiplier 0.5, volume threshold 1.2) and observe the dashboard on the last bar. 4. Walk the chart back in time (use the last-bar update behavior) and watch how signals, order blocks, trendlines, and the performance counters change. 5. Run the hands-on labs below to build intuition. ________________________________________ 3) Main configurable inputs (what you can tweak) • Order Block Relevant Periods (default ~7): number of consecutive candles used to define an order block. • Min. Percent Move for Valid OB (threshold): minimum percent move required for a valid order block. • Number of OB Channels: how many past order block lines to keep visible. • Trendline Period (tl_period): pivot lookback for detecting highs/lows used to draw trendlines. • Use Wicks for Trendlines: whether pivot uses wicks or body. • Extension Bars: how far trendlines are projected forward. • Use Volume Filter + Volume Threshold Multiplier (e.g., 1.2): requires volume to be greater than multiplier × average volume. • Use ATR Filter + ATR Multiplier: require bar range > ATR × multiplier to filter noise. • Show Targets / Table settings / Colors for visualization. ________________________________________ 4) Core building blocks — what the script computes (plain language) Price & trend: • Spot / LTP: current close price. • EMA 9 / 21 / 50: fast, medium, slow moving averages to define short/medium trend. o trend_bullish: EMA9 > EMA21 > EMA50 o trend_bearish: EMA9 < EMA21 < EMA50 o trend_neutral: otherwise Volatility & noise: • ATR (14): average true range used for dynamic target and filter sizing. • dynamic_zone = ATR × atr_multiplier: minimum bar range required for meaningful move. • Annualized volatility: stdev of price changes × sqrt(252) × 100 — used to classify volatility (HIGH/MEDIUM/LOW). Momentum & oscillators: • RSI 14: overbought/oversold indicator (thresholds 70/30). • MACD: EMA(12)-EMA(26) and a 9-period signal line; histogram used for momentum direction and strength. • Momentum (ta.mom 10): raw momentum over 10 bars. Mean reversion / band context: • Bollinger Bands (20, 2σ): upper, mid, lower. o price_position measures where price sits inside the band range as 0–100. Volume metrics: • avg_volume = SMA(volume, 20) and volume_spike = volume > avg_volume × volume_threshold o volume_ratio = volume / avg_volume Support & Resistance: • support_level = lowest low over 20 bars • resistance_level = highest high over 20 bars • current_position = percent of price between support & resistance (0–100) ________________________________________ 5) Order Block detection — concept & logic What it tries to find: a bar (the base) followed by N candles in the opposite direction (a classical order block setup), with a minimum % move to qualify. The script records the high/low of the base candle, averages them, and plots those levels as OB channels. How learners should think about it (conceptual): 1. An order block is a signature area where institutions (theory) left liquidity — often seen as a large bar followed by a sequence of directional candles. 2. This indicator uses a configurable number of subsequent candles to confirm that the pattern exists. 3. When found, it stores and displays the base candle’s high/low area so students can see how price later reacts to those zones. Implementation note for learners: the tool keeps a limited history of OB lines (ob_channels). When new OBs exceed the count, the oldest lines are removed — good practice to avoid clutter. ________________________________________ 6) Trendline detection — idea & interpretation • The script finds pivot highs and lows using a symmetric lookback (tl_period and half that as right/left). • It then computes a trendline slope from successive pivots and projects the line forward (extension_bars). • Break detection: Resistance break = close crosses above the projected resistance line; Support break = close crosses below projected support. Learning tip: trendlines here are computed from pivot points and time. Watch how changing tl_period (bigger = smoother, fewer pivots) alters the trendlines and break signals. ________________________________________ 7) Signal generation & filters — step-by-step 1. Primary triggers: o Bullish trigger: order block bullish OR resistance trendline break. o Bearish trigger: bearish order block OR support trendline break. 2. Filters applied (both must pass unless disabled): o Volume filter: volume must be > avg_volume × volume_threshold. o ATR filter: bar range (high-low) must exceed ATR × atr_multiplier. o Not in an existing trade: new trades only start if trade_active is false. 3. Trend confirmation: o The primary trigger is only confirmed if trend is bullish/neutral for buys or bearish/neutral for sells (EMA alignment). 4. Result: o When confirmed, a long or short trade is activated with TP/SL calculated from ATR multiples. ________________________________________ 8) Trade management — what the tool does after a signal • Entry management: the script marks a trade as trade_active and sets long_trade or short_trade flags. • TP & SL rules: o Long: TP = high + 2×ATR ; SL = low − 1×ATR o Short: TP = low − 2×ATR ; SL = high + 1×ATR • Monitoring & exit: o A trade closes when price reaches TP or SL. o When TP/SL hit, the indicator updates win_count and total_pnl using a very simple calculation (difference between TP/SL and previous close). o Visual lines/labels are drawn for TP and updated as the trade runs. Important learner notes: • The script does not store a true entry price (it uses close in its P&L math), so PnL is an approximation — treat this as a learning proxy, not a position accounting system. • There’s no sizing, slippage, or fee accounted — students must manually factor these when translating to real trades. • This indicator is not a backtesting strategy; strategy.* functions would be needed for rigorous backtest results. ________________________________________ 9) Signal strength & helper utilities • Signal strength is a composite score (0–100) made up of four signals worth 25 points each: 1. RSI extreme (overbought/oversold) → 25 2. Volume spike → 25 3. MACD histogram magnitude increasing → 25 4. Trend existence (bull or bear) → 25 • Progress bars (text glyphs) are used to visually show RSI and signal strength on the table. Learning point: composite scoring is a way to combine orthogonal signals — study how changing weights changes outcomes. ________________________________________ 10) Dashboard — how to read each section (walkthrough) The dashboard is split into sections; here's how to interpret them: 1. Market Overview o LTP / Change%: immediate price & daily % change. 2. RSI & MACD o RSI value plus progress bar (overbought 70 / oversold 30). o MACD histogram sign indicates bullish/bearish momentum. 3. Volume Analysis o Volume ratio (current / average) and whether there’s a spike. 4. Order Block Status o Buy OB / Sell OB: the average base price of detected order blocks or “No Signal.” 5. Signal Status o 🔼 BUY or 🔽 SELL if confirmed, or ⚪ WAIT. o No-trade vs Active indicator summarizing market readiness. 6. Trend Analysis o Trend direction (from EMAs), market sentiment score (composite), volatility level and band/position metrics. 7. Performance o Win Rate = wins / signals (percentage) o Total PnL = cumulative PnL (approximate) o Bull / Bear Volume = accumulated volumes attributable to signals 8. Support & Resistance o 20-bar highest/lowest — use as nearby reference points. 9. Risk & R:R o Risk Level from ATR/price as a percent. o R:R Ratio computed from TP/SL if a trade is active. 10. Signal Strength & Active Trade Status • Numeric strength + progress bar and whether a trade is currently active with TP/SL display. ________________________________________ 11) Alerts — what will notify you The indicator includes pre-built alert triggers for: • Bullish confirmed signal • Bearish confirmed signal • TP hit (long/short) • SL hit (long/short) • No-trade zone • High signal strength (score > 75%) Training use: enable alerts during a replay session to be notified when the indicator would have signalled. ________________________________________ 12) Labs — hands-on exercises for learners (step-by-step) Lab A — Order Block recognition 1. Pick a 15–30 minute timeframe on a liquid ticker. 2. Use default OB periods (7). Mark each time the dashboard shows a Buy/Sell OB. 3. Manually inspect the chart at the base candle and the following sequence — draw the OB zone by hand and watch later price reactions to it. 4. Repeat with OB periods 5 and 10; note stability vs noise. Lab B — Trendline break confirmation 1. Increase trendline period (e.g., 20), watch trendlines form from pivots. 2. When a resistance break is flagged, compare with MACD & volume: was momentum aligned? 3. Note false breaks vs confirmed moves — change extension_bars to see projection effects. Lab C — Filter sensitivity 1. Toggle Use Volume Filter off, and record the number and quality of signals in a 2-day window. 2. Re-enable volume filter and change threshold from 1.2 → 1.6; note how many low-quality signals are filtered out. Lab D — Trade management simulation 1. For each signalled trade, record the time, close entry approximation, TP, SL, and eventual hit/miss. 2. Compute actual PnL if you had entered at the open of the next bar to compare with the script’s PnL math. 3. Tabulate win rate and average R:R. Lab E — Performance review & improvement 1. Build a spreadsheet of signals over 30–90 periods with columns: Date, Signal type, Entry price (real), TP, SL, Exit, PnL, Notes. 2. Analyze which filters or indicators contributed most to winners vs losers and adjust weights. ________________________________________ 13) Common pitfalls, assumptions & implementation notes (things to watch) • P&L simplification: total_pnl uses close as a proxy entry price. Real entry/exit prices and slippage are not recorded — so PnL is approximate. • No position sizing or money management: the script doesn’t compute position size from equity or risk percent. • Signal confirmation logic: composite "signal_strength" is a simple 4×25 point scheme — explore different weights or additional signals. • Order block detection nuance: the script defines the base candle and checks the subsequent sequence. Be sure to verify whether the intended candle direction (base being bullish vs bearish) aligns with academic/your trading definition — read the code carefully and test. • Trendline slope over time: slope is computed using timestamps; small differences may make lines sensitive on very short timeframes — using bar_index differences is usually more stable. • Not a true backtester: to evaluate performance statistically you must transform the logic into a strategy script that places hypothetical orders and records exact entry/exit prices. ________________________________________ 14) Suggested improvements for advanced learners • Record true entry price & timestamp for accurate PnL. • Add position sizing: risk % per trade using SL distance and account size. • Convert to strategy. (Pine Strategy)* to run formal backtests with equity curves, drawdowns, and metrics (Sharpe, Sortino). • Log trades to an external spreadsheet (via alerts + webhook) for offline analysis. • Add statistics: average win/loss, expectancy, max drawdown. • Add additional filters: news time blackout, market session filters, multi-timeframe confirmation. • Improve OB detection: combine wick/body, volume spike at base bar, and liquidity sweep detection. ________________________________________ 15) Glossary — quick definitions • ATR (Average True Range): measure of typical range; used to size targets and stops. • EMA (Exponential Moving Average): trend smoothing giving more weight to recent prices. • RSI (Relative Strength Index): momentum oscillator; >70 overbought, <30 oversold. • MACD: momentum oscillator using difference of two EMAs. • Bollinger Bands: volatility bands around SMA. • Order Block: a base candle area with subsequent confirmation candles; a zone of institutional interest (learning model). • Pivot High/Low: local turning point defined by candles on both sides. • Signal Strength: combined score from multiple indicators. • Win Rate: proportion of signals that hit TP vs total signals. • R:R (Risk:Reward): ratio of potential reward (TP distance) to risk (entry to SL). ________________________________________ 16) Limitations & assumptions (be explicit) • This is an indicator for learning — not a trading robot or broker connection. • No slippage, fees, commissions or tie-in to real orders are considered. • The logic is heuristic (rule-of-thumb), not a guarantee of performance. • Results are sensitive to timeframe, market liquidity, and parameter choices. ________________________________________ 17) Practical classroom / study plan (4 sessions) • Session 1 — Foundations: Understand EMAs, ATR, RSI, MACD, Bollinger Bands. Run the indicator and watch how these numbers change on a single day. • Session 2 — Zones & Filters: Study order blocks and trendlines. Test volume & ATR filters and note changes in false signals. • Session 3 — Simulated trading: Manually track 20 signals, compute real PnL and compare to the dashboard. • Session 4 — Improvement plan: Propose changes (e.g., better PnL accounting, alternative OB rule) and test their impact. ________________________________________ 18) Quick reference checklist for each signal 1. Was an order block or trendline break detected? (primary trigger) 2. Did volume meet threshold? (filter) 3. Did ATR filter (bar size) show a real move? (filter) 4. Was trend aligned (EMA 9/21/50)? (confirmation) 5. Signal confirmed → mark entry approximation, TP, SL. 6. Monitor dashboard (Signal Strength, Volatility, No-trade zone, R:R). 7. After exit, log real entry/exit, compute actual PnL, update spreadsheet. ________________________________________ 19) Educational caveat & final note This tool is built for training and analysis: it helps you see how common technical building blocks combine into trade ideas, but it is not a trading recommendation. Use it to develop judgment, to test hypotheses, and to design robust systems with proper backtesting and risk control before risking capital. ________________________________________ 20) Disclaimer (must include) Training & Educational Only — This material and the indicator are provided for educational purposes only. Nothing here is investment advice or a solicitation to buy or sell financial instruments. Past simulated or historical performance does not predict future results. Always perform full backtesting and risk management, and consider seeking advice from a qualified financial professional before trading with real capital. ________________________________________
Pine Script® indicator
by aiTrendview-Charting-System
Ultra Volume DetectorNative Volume — Auto Levels + Ultra Label What it does This indicator classifies volume bars into four categories — Low, Medium, High, and Ultra — using rolling percentile thresholds. Instead of fixed cutoffs, it adapts dynamically to recent market activity, making it useful across different symbols and timeframes. Ultra-high volume bars are highlighted with labels showing compacted values (K/M/B/T) and the appropriate unit (shares, contracts, ticks, etc.). Core Logic Dynamic thresholds: Calculates percentile levels (e.g., 50th, 80th, 98th) over a user-defined window of bars. Categorization: Bars are colored by category (Low/Med/High/Ultra). Ultra labeling: Only Ultra bars are labeled, preventing chart clutter. Optional MA: A moving average of raw volume can be plotted for context. Alerts: Supports both alert condition for Ultra events and dynamic alert() messages that include the actual volume value at bar close. How to use Adjust window size: Larger windows (e.g., 200+) provide stable thresholds; smaller windows react more quickly. Set percentiles: Typical defaults are 50 for Medium, 80 for High, and 98 for Ultra. Lower the Ultra percentile to see more frequent signals, or raise it to isolate only extreme events. Read chart signals: Bar colors show the category. Labels appear only on Ultra bars. Alerts can be set up for automatic notification when Ultra volume occurs. Why it’s unique Adaptive: Uses rolling statistics, not static thresholds. Cross-asset ready: Adjusts units automatically depending on instrument type. Efficient visualization: Focuses labels only on the most significant events, reducing noise. ⚠️ Disclaimer: This tool is for educational and analytical purposes only. It does not provide financial advice. Always test and manage risk before trading live
Pine Script® indicator
by GoldenCryptoSignals
Trend Bars with Okuninushi Line Filter# Trend Bars with Okuninushi Line Filter: A Powerful Trading Indicator ##TrendSpider Hackathon 2025 Trend Bars with Okuninushi Filter trendspider.com ##X x.com ## Introduction The **Trend Bars with Okuninushi Line Filter** is an innovative technical indicator that combines two powerful concepts: trend bar analysis and the Okuninushi Line filter. This indicator helps traders identify high-quality trending moves by analyzing candle body strength relative to the overall price range while ensuring the price action aligns with the dominant market structure. ## What Are Trend Bars? Trend bars are candles where the body (distance between open and close) represents a significant portion of the total price range (high to low). These bars indicate strong directional momentum with minimal indecision, making them valuable signals for trend continuation. ### Key Characteristics: - **Strong directional movement**: Large body relative to total range - **Minimal upper/lower shadows**: Shows sustained pressure in one direction - **High conviction**: Represents decisive market action ## The Okuninushi Line Filter The Okuninushi Line, also known as the Kijun Line in Ichimoku analysis, is calculated as the midpoint of the highest high and lowest low over a specified period (default: 52 periods). **Formula**: `(Highest High + Lowest Low) / 2` This line acts as a dynamic support/resistance level and trend filter, helping to: - Identify the overall market bias - Filter out counter-trend signals - Provide confluence for trade entries ## How the Indicator Works The indicator combines these two concepts with the following logic: ### Bull Trend Bars (Green) A candle is colored **green** when ALL conditions are met: 1. **Bullish candle**: Close > Open 2. **Strong body**: |Close - Open| ≥ Threshold × (High - Low) 3. **Above trend filter**: Close > Okuninushi Line ### Bear Trend Bars (Red) A candle is colored **red** when ALL conditions are met: 1. **Bearish candle**: Close < Open 2. **Strong body**: |Close - Open| ≥ Threshold × (High - Low) 3. **Below trend filter**: Close < Okuninushi Line ### Neutral Bars (Gray) All other candles that don't meet the complete criteria are colored **gray**. ## Customizable Parameters ### Trend Bar Threshold - **Range**: 10% to 100% - **Default**: 75% - **Purpose**: Controls how "strong" a candle must be to qualify as a trend bar **Threshold Effects:** - **Low (10-30%)**: More sensitive, catches smaller trending moves - **Medium (50-75%)**: Balanced approach, filters out most noise - **High (80-100%)**: Very selective, only captures the strongest moves ### Okuninushi Line Length - **Default**: 52 periods - **Purpose**: Determines the lookback period for calculating the midpoint - **Common Settings**: - for 15m is 92, per 1 day as 23h*4(15m in 1h) - for 1h is 115, per 1 week as 5d*23(23h in 1d) - for 4h is 120, per 1 month as 20d*6 - for 1d is 65, per 3 months - for 1w is 52, per 1 year ## Trading Applications ### 1. Trend Continuation Signals - **Green bars**: Look for bullish continuation opportunities - **Red bars**: Consider bearish continuation setups - **Gray bars**: Exercise caution, mixed signals ### 2. Market Structure Analysis - Clusters of same-colored bars indicate strong trends - Alternating colors suggest choppy, indecisive markets - Transition from red to green (or vice versa) may signal trend changes ### 3. Entry Timing - Use colored bars as confirmation for existing trade setups - Wait for color alignment with your market bias - Avoid trading during predominantly gray periods ### 4. Risk Management - Gray bars can serve as early warning signs of weakening trends - Color changes might indicate appropriate exit points - Use in conjunction with other risk management tools ## Advantages 1. **Dual Filtering**: Combines momentum (trend bars) with trend direction (Okuninushi Line) 2. **Visual Clarity**: Immediate visual feedback through candle coloring 3. **Customizable**: Adjustable parameters for different trading styles 4. **Versatile**: Works across multiple timeframes and instruments 5. **Objective**: Rule-based system reduces subjective interpretation ## Limitations 1. **Lagging Nature**: Based on historical price data 2. **False Signals**: Can produce whipsaws in choppy markets 3. **Parameter Sensitivity**: Requires optimization for different instruments 4. **Market Conditions**: May be less effective in ranging markets ## Best Practices ### Optimization Tips: - **Volatile Markets**: Use higher thresholds (80-90%) - **Steady Trends**: Use moderate thresholds (60-75%) - **Short-term Trading**: Shorter Okuninushi Line periods (26) - **Long-term Analysis**: Longer Okuninushi Line periods (104+) ### Combination Strategies: - Pair with volume indicators for confirmation - Use alongside support/resistance levels - Combine with other trend-following indicators - Consider market context and overall trend direction ## Conclusion The Trend Bars with Okuninushi Line Filter offers traders a sophisticated yet intuitive way to identify high-quality trending moves. By combining the momentum characteristics of trend bars with the directional filter of the Okuninushi Line, this indicator helps traders focus on the most promising opportunities while avoiding low-probability setups. Remember that no single indicator should be used in isolation. Always consider market context, risk management, and other technical factors when making trading decisions. The true power of this indicator lies in its ability to quickly highlight periods of strong, aligned price action – exactly what trend traders are looking for.
Pine Script® indicator
by YAMAGUCHI-KUNI
VWMA CandlesVWMA Candles – Smarter Candle Coloring with Volume Awareness This indicator enhances your chart candles by showing their relationship to the Volume-Weighted Moving Average (VWMA). It visually integrates the VWMA and price action, making it easier to spot momentum shifts, value zones, and price interaction with volume-weighted levels. I saw this indicator idea from TrendSpider on threads and decided to try and make my own. This is my first publicly shared script so go easy on me! IN ORDER FOR THE COLOR CODING TO WORK PROPERLY, YOU MUST: GO TO -> CHART SETTINGS -> SYMBOLS AND DISABLE BODIES, BORDERS, AND WICKS. How it works: The VWMA is plotted on your chart with a customizable band around it. Candles change color depending on their position relative to the VWMA and its band: Green → Price is above the VWMA (bullish bias). Orange → Price is near or touching the VWMA/band (potential reaction zone). Red → Price is below the VWMA (bearish bias). You can choose between custom candles (full plotcandle styling) or simply recolor your existing chart candles with barcolor. Customization options: Select how the band is calculated: by % of VWMA, ATR multiple, or Ticks/Points. Adjust colors separately for candle body, wick, and border. Choose to show/hide the VWMA line and the band fill. Fine-tune transparency for a clean look on any chart background. Why traders use it: Quickly spot when price is stretched away from the VWMA (overextended conditions). Identify when candles are interacting with the VWMA (potential support/resistance). Add volume-sensitivity to your trend analysis compared to standard moving averages. Authors Note: The default settings work well with stocks on the weekly timeframe, although this can be used on any timeframe. The settings are highly adjustable for you to tune it to your liking.
Pine Script® indicator
by XYZ-Trades
TP Hunter [Sniper Trading System]TP Hunter Overlay — Sniper Trading System Suite What it is TP Hunter helps with the hardest part of trading: exits. It plots Take Profit zones (TP1/TP2/TP3) using a standard deviation model around a 20-period moving average (“Centerline”). When price reaches a target, TP Hunter marks it on the chart and can trigger an alert—so you can scale out with discipline. How it works (plain language) The Centerline is a 20-period SMA (average price). The script measures recent volatility (standard deviation) and projects TP levels above/below the Centerline. If price is above the Centerline, the script treats it as buy context; below = sell context. When price touches a TP level in that context, the indicator prints a shape (TP1 green, TP2 orange, TP3 red) and alerts can fire. Inputs TP1/TP2/TP3 Multiplier: distance of each target from the Centerline (in standard deviations). RSI Period / Levels: optional filter to avoid extreme conditions (default enabled). Show TP Hit Labels: toggle the on-chart labels. Visuals Centerline (gray) TP hits: Buy hits = triangles above bars (TP1/TP2/TP3 = green/orange/red). Sell hits = triangles below bars (TP1/TP2/TP3 = green/orange/red). Alerts TP1/TP2/TP3 hit alerts for both buy and sell contexts. Suggested workflow: set alerts, scale out at TP1/TP2, reserve a runner for TP3. Best practices Use TP Hunter to plan exits after your own entry signal (e.g., time-based or liquidity-based entries). If you want fewer but stronger targets, increase the multipliers. If you want more frequent targets, decrease them slightly. RSI filter can reduce noise during extreme momentum. Notes & Limitations This is an overlay tool for exit management, not a standalone entry system. Shapes confirm on bar close; alerts can trigger intrabar when a level is touched. No financial advice. Past performance does not guarantee future results.
Pine Script® indicator
by Master-Jedi-Trader
Market Structures by The Noiseless TraderMarket Structure by The Noiseless Trader is an indicator that highlights simple candle-based market structure patterns: Market Structure Low (MSL) and Market Structure High (MSH) . It is designed to make these shifts visible directly on the chart. Pattern Logic MSL (Market Structure Low) Candle 2: Bearish Candle 1: Bearish, closing below Candle 2’s close Candle 0: Bullish, closing above Candle 1’s open Candle 0 must also have a minimum body size (default = 2%) MSH (Market Structure High) Candle 2: Bullish Candle 1: Bullish, closing above Candle 2’s close Candle 0: Bearish, closing below Candle 1’s open Candle 0 must also have a minimum body size (default = 2%) Features Label plotting: When a pattern forms, the script places an “MSL” or “MSH” label slightly offset from Candle 0 so that the signal is visible but does not overlap the bar. Bar coloring: Optionally, the script colors the signal candles for faster visual recognition (green for MSL, red for MSH). Repaint protection : A setting allows the user to confirm signals only on bar close. This ensures the label does not disappear once plotted, though it delays the signal until the candle closes. Customizable inputs: Users can set the minimum body size threshold (in % of price) and adjust the label offset distance to their preference. Alerts: TradingView alerts can be created for both MSL and MSH events, making it possible to receive notifications when patterns appear. How to Use MSL labels mark potential swing lows where bearish pressure is followed by a bullish reversal. MSH labels mark potential swing highs where bullish pressure is followed by a bearish reversal. These patterns are most useful for studying shifts in short-term trend structure. Traders can monitor them as potential areas of interest, but they are not standalone entry or exit signals. This indicator should be used as part of a broader trading framework. For example, some traders may combine MSL/MSH with trend filters, higher-timeframe analysis, or support/resistance zones or even classical pattern clubbed with MSL/MSH. Notes This tool highlights specific three-candle formations. It does not generate buy/sell recommendations. It is intended for educational and analytical purposes only. Past appearances of MSL or MSH patterns do not guarantee future performance. Always confirm with your own market analysis before taking trading decisions. Developed by The Noiseless Trader .
Pine Script® indicator
by kaushikakiwatkar
RSI Crossover AlertRSI Crossover Alert Indicator - User Guide The RSI Crossover Alert Indicator is a comprehensive technical analysis tool that detects multiple types of RSI crossovers and generates real-time alerts. It combines traditional RSI analysis with signal lines, divergence detection, and multi-level crossing alerts. 1. Multiple Crossover Detection - RSI/Signal Line Cross: Signals a primary trend change. - RSI/Second Signal Cross: Confirmation signals for stronger trends. - Level Crossings: Crosses of Overbought 70, Oversold 30, and Midline 50. - Divergence Detection: Hidden and regular divergences for reversal signals. 2. Alert Types - Alert: RSI > Signal Description: Bullish momentum is building. Signal: Consider long positions. - Alert: RSI < Signal Description: Bearish momentum is building. Signal: Consider short positions. - Alert: RSI > 70 Description: Entering the overbought zone. Signal: Prepare for a potential reversal. - Alert: RSI < 30 Description: Entering the oversold zone. Signal: Watch for a bounce opportunity. - Alert: RSI crosses 50 Description: A shift in momentum. Signal: Trend confirmation. 3. Visual Components - Lines: RSI blue, Signal orange, Second Signal purple - Histogram: Visualizes momentum by showing the difference between RSI and the Signal line. - Background Zones: Red overbought, Green oversold - Markers: Up/down triangles to indicate crossovers. - Info Table: Real-time RSI values and status. Strategy 1: Classic Crossover - Entry Long: RSI crosses above the Signal Line AND RSI is below 50. - Entry Short: RSI crosses below the Signal Line AND RSI is above 50. - Take Profit: On the opposite signal. - Stop Loss: At the recent swing high/low. Strategy 2: Extreme Zone Reversal - Entry Long: RSI is below 30 and crosses above the Signal Line. - Entry Short: RSI is above 70 and crosses below the Signal Line. - Risk Management: Higher win rate but fewer signals. Use a minimum 2:1 risk-reward ratio. Strategy 3: Divergence Trading - Setup: Enable divergence alerts and look for price/RSI divergence. Wait for an RSI crossover for confirmation. - Entry: Enter on the crossover after the divergence appears. Place the stop loss beyond the starting point of the divergence. Strategy 4: Multi-Timeframe Confirmation 1. Check the higher timeframe e.g. Daily to identify the main trend. 2. Use the current timeframe e.g. 4H/1H for your entry. 3. Only enter in the direction of the main trend. 4. Use the RSI crossover as the entry trigger. Optimal Settings by Market - Forex Major Pairs RSI Length: 14, Signal Length: 9, Overbought/Oversold: 70/30 - Crypto High Volatility RSI Length: 10-12, Signal Length: 6-8, Overbought/Oversold: 75/25 - Stocks Trending RSI Length: 14-21, Signal Length: 9-12, Overbought/Oversold: 70/30 - Commodities RSI Length: 14, Signal Length: 9, Overbought/Oversold: 80/20 Risk Management Rules 1. Position Sizing: Never risk more than 1-2% on a single trade. Reduce size in ranging markets. 2. Stop Loss Placement: Place stops beyond the recent swing high/low for crossovers. Using an ATR-based stop is also effective. 3. Profit Taking: Take partial profits at a 1:1 risk-reward ratio. Switch to a trailing stop after reaching 2:1. 1. Filtering Signals - Combine with volume indicators. - Confirm the trend on a higher timeframe. - Wait for candlestick pattern confirmation. 2. Avoid Common Mistakes - Don't trade every single crossover. - Avoid taking signals against a strong trend. - Do not ignore risk management. 3. Market Conditions - Trending Market: Focus on midline 50 crosses. - Ranging Market: Look for reversals from overbought/oversold levels. - Volatile Market: Widen the overbought/oversold levels. - If you get too many false signals: Increase the signal line period, add other confirmation indicators, or use a higher timeframe. - If you are missing major moves: Decrease the RSI length, shorten the signal line period, or check your alert settings. Recommended Combinations 1. RSI + MACD: For dual momentum confirmation. 2. RSI + Bollinger Bands: For volatility-adjusted signals. 3. RSI + Volume: To confirm the strength of a signal. 4. RSI + Moving Averages: To use as a trend filter. This indicator provides a comprehensive RSI analysis. Success depends on proper configuration, risk management, and combining signals with the overall market context. Start with the default settings, then optimize based on your trading style and market conditions.
Pine Script® indicator
by Hunk77
(Binance 10m binary contact signals(repainted) BINANCE:BTCUSDT Suggestion:use chart of spot instead of swap. using for binance binary contacts(事件合约) This script is a 10-minute binary event contract trading strategy indicator designed for BTC and ETH on Binance. It combines multiple technical analysis tools with a unique market session filter to generate potential entry and exit signals. Here’s a breakdown of its core functions: --- 1. Market Session Visualization · It highlights four major trading sessions (Tokyo, London, New York, and Sydney) with colored boxes or background zones. · You can toggle each session on/off and customize its appearance. · This helps traders quickly identify which financial market is currently active, as volatility and momentum often shift between sessions. --- 2. Trading Signals Generation The indicator combines several technical factors to produce signals: · Moving Average Crosses: Uses SMA (5) and SMA (9) for golden/death cross signals. · RSI Momentum: Identifies overbought/oversold conditions and crossovers above/below the 50 level. · Volume Confirmation: Checks if current volume is above its 20-period average to confirm strength. · Price Deviation: Measures how far price has moved from its short-term average (SMA 5). Signals are plotted as green upward triangles (buy) or red downward triangles (sell) below or above the bars. --- 3. Smart Session Filtering (Key Feature) · A unique filter ensures signals are only generated during valid market hours (when only one major session is active). · It avoids overlap periods (e.g., when London and New York are both open), which often bring erratic price action and false signals. · This makes the strategy more robust by focusing on periods with clearer trends and higher predictability. --- 4. Anti-Repainting Options · The script includes an option (show not strong signals) to reduce repainting: · If enabled, it requires signal confirmation on the next candle for stronger, more reliable signals. · If disabled, all signals are shown in real-time (but may be more prone to repainting). --- 5. Alerts and Timeframe Compatibility · Built-in alert conditions allow you to get notified when new signals appear. · It is designed specifically for 10-minute charts of BTC and ETH binary event contracts. --- Summary: This tool is best for traders who want to: · Trade short-term binary options or event contracts based on 10-minute candles. · Combine multi-session awareness with classic technical indicators. · Filter out noisy market periods and focus on high-probability setups. ⚠️ Note: Since some signals may repaint, use the confirmation filter (show not strong signals) for more consistent results. Always test the strategy in a demo account before going live. Let me know if you need help customizing or interpreting the signals.
Pine Script® indicator
by czstycl
1
50% of Previous 1H Candle (Color Logic)📌 Script Title: 50% Midpoint of Previous 1H Candle (Color Coded) 📝 Description: This indicator draws a horizontal line at the 50% (midpoint) of the most recently closed 1-hour candle, helping traders visualize intraday support/resistance and sentiment bias. 🔹 Key Features: Plots the midpoint of the last 1H candle as a horizontal line. Color-coded line and label: 🟢 Green: Previous candle was bullish 🔴 Red: Previous candle was bearish ⚪ Gray: Neutral (doji or equal open/close) Displays the exact price level with a floating label. Works on any lower timeframe chart (e.g., 5m, 15m, 30m). Automatically updates every hour after the 1H candle closes. 📈 Use Cases: Trade around the 1H midpoint as a dynamic pivot zone. Confirm or fade price breakouts/rejections at this level. Use it with trendlines, supply/demand zones, or VWAP. 🔍 Technical Notes: The midpoint is calculated using: Midpoint = (High + Low) / 2 from the most recent closed 1H candle. Color logic is based on whether the 1H candle closed above or below its open. 🚀 Enhancement Ideas (future updates): Add optional alerts on cross of the midpoint. Show multiple historical midpoint levels. Input toggle to enable/disable color coding. Whether you’re scalping intraday or watching for reaction zones, this tool gives you a clean, real-time level to anchor your trades around. Happy trading! 💹 — Built with ❤️ in Pine Script v6
Pine Script® indicator
by ToyinTrader
BTC/USD 3-Min Binary Prediction [v7.2 EN]BTC/USD 3-Minute Binary Prediction Indicator v7.2 - Complete Guide Overview This is an advanced technical analysis indicator designed for Bitcoin/USD binary options trading with 3-minute expiration times. The system aims for an 83% win rate by combining multiple analysis layers and pattern recognition. How It Works Core Prediction Logic - Timeframe: Predicts whether BTC price will be ±$25 higher (HIGH) or lower (LOW) after 3 minutes - Entry Signals: Generates HIGH/LOW signals when confidence exceeds threshold (default 75%) - Verification: Automatically tracks and displays win/loss statistics in real-time 5-Layer Filter System The indicator uses a sophisticated scoring system (0-100 points): 1. Trend Filter (25 points) - Analyzes EMA alignments and price momentum 2. Leading Indicators (25 points) - RSI and MACD divergence analysis 3. Volume Confirmation (20 points) - Detects unusual volume patterns 4. Support/Resistance (15 points) - Identifies key price levels 5. Momentum Alignment (15 points) - Measures acceleration and deceleration Pattern Recognition Automatically detects and visualizes: - Double Tops/Bottoms - Reversal patterns - Triangles - Ascending, descending, symmetrical - Channels - Trending price channels - Candlestick Patterns - Engulfing, hammer, hanging man Multi-Timeframe Analysis - Uses 1-minute and 5-minute data for confirmation - Aligns multiple timeframes for higher probability trades - Monitors trend consistency across timeframes Key Features Display Panels 1. Statistics Panel (Top Right) - Overall win rate percentage - Hourly performance (wins/losses) - Daily performance - Current system status 2. Analysis Panel (Left Side) - Market trend analysis - RSI status (overbought/oversold) - Volume conditions - Filter scores for each component - Final HIGH/LOW/WAIT decision Visual Signals - Green Triangle (↑) = HIGH prediction - Red Triangle (↓) = LOW prediction - Yellow Background = Entry opportunity - Blue Background = Waiting for result Configuration Options Basic Settings - Range Width: Target price movement (default $50 = ±$25) - Min Confidence: Minimum confidence to enter (default 75%) - Max Daily Trades: Risk management limit (default 5) Filters (Can be toggled on/off) - Trend Filter - Volume Confirmation - Support/Resistance Filter - Momentum Alignment Display Options - Show/hide signals, statistics, analysis - Minimal Mode for cleaner charts - EMA line visibility Important Risk Warnings Binary Options Trading Risks: 1. High Risk Product - Binary options are extremely risky and banned in many countries 2. Not Investment Advice - This tool is for educational/analytical purposes only 3. No Guaranteed Returns - Past performance doesn't predict future results 4. Capital at Risk - You can lose your entire investment in seconds Technical Limitations: - Requires stable internet connection - Performance varies with market conditions - High volatility can reduce accuracy - Not suitable for news events or low liquidity periods Best Practices 1. Paper Trade First - Test thoroughly on demo accounts 2. Risk Management - Never risk more than 1-2% per trade 3. Market Conditions - Works best in normal volatility conditions 4. Avoid Major Events - Don't trade during major news releases 5. Monitor Performance - Track your actual results vs displayed statistics Setup Instructions 1. Add to TradingView chart (BTC/USD preferred) 2. Use 30-second or 1-minute chart timeframe 3. Adjust settings based on your risk tolerance 4. Monitor F-Score (should be >65 for entries) 5. Wait for clear HIGH/LOW signals with high confidence Alert Configuration The indicator provides three alert types: - HIGH Signal alerts - LOW Signal alerts - General entry opportunity alerts Legal Disclaimer Binary options trading may not be legal in your jurisdiction. Many countries including the USA, Canada, and EU nations have restrictions or outright bans on binary options. Always check local regulations and consult with financial advisors before trading. Remember: This is a technical analysis tool, not a money-printing machine. Successful trading requires discipline, risk management, and continuous learning. The displayed statistics are historical and don't guarantee future performance.
Pine Script® indicator
by Hunk77
Star Pattern AlertA simple morning star and evening star detection script. Detects them on the close of the 2nd bar in the pattern allowing you to capitalize on the reversal bar The Anchor Timeframe parameter is the timeframe you want to use, so for example if the anchor timeframe is set to the 30 min, even on the 5 min chart, it will only display the 30 min signals There are also alerts configured so you can step away from the charts and wait for your morning and evening star setups to trigger the alert
Pine Script® indicator
by steamedTrash