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Candlestick analysis

SIDDAMRAJU2Open the indicator Settings (Click the Gear icon). Look for the "Target Line Settings" group. You can now pick any Color you want, change the Style to Solid/Dotted/Dashed, and make the line Thicker or Thinner. Would you like me to... Add "Risk to Reward" (RR) Ratio to the table? Since we know the Stop Loss distance and the Target distance, I can calculate the exact Ratio (e.g., "1:2.5") and display it in the dashboard so you know if the trade is worth taking.
Pine Script® indicator
by carajusiddam9
Empty Candle//@version=6 indicator("Inside / Outside Candle Filter", overlay=true) // === КОЛЬОРИ === insideColor = input.color(color.white, "Колір внутрішніх свічок") // === РЕФЕРЕНСНА СВІЧКА === var float refHigh = na var float refLow = na var bool hasRef = false // ініціалізація першої референсної свічки if not hasRef refHigh := high refLow := low hasRef := true // === ЛОГІКА ПРОБИТТЯ === breaksHigh = high > refHigh breaksLow = low < refLow isBreak = breaksHigh or breaksLow // === ВНУТРІШНЯ СВІЧКА === isInside = not isBreak // === ОНОВЛЕННЯ РЕФЕРЕНСУ === if isBreak refHigh := high refLow := low // === ФАРБУВАННЯ СВІЧОК === barcolor(isInside ? insideColor : na)
Pine Script® indicator
by oshevchyshyn
Target Ladder Pro - MTF ATR + HIT ConfirmationTarget Ladder Pro is a volatility-based target framework that plots multi-timeframe ATR-derived upper and lower reference levels on the price chart and can optionally print HIT confirmations when a defined ATR target is reached. This script is designed to provide structured volatility context (reach zones, range framing, and objective “target reached” tagging). It does not predict price direction, does not guarantee outcomes, and is not intended as a standalone signal generator. What This Script Displays 1) Multi-Timeframe ATR Target Ladder (1H / 4H / 1D / 1W) For each enabled timeframe, the script calculates ATR using higher-timeframe data via request.security() (no lookahead), then plots: Upper level: Base + ATR × Multiplier Lower level: Base − ATR × Multiplier The “Base” can be set to: the current chart price (for immediate relevance), or the timeframe’s own close (for a strict MTF reference) Each timeframe’s upper and lower levels are drawn as price-chart lines. Last-Bar Target Balloons (per timeframe) On the last bar, the script prints balloon labels for each timeframe’s upper and lower level. Horizontal x-offsets are configurable per timeframe to keep stacked labels readable. 2) ATR Target + Deviation Bands (Context Layer) A separate ATR target module calculates a single ATR reference level for the current bar based on candle direction (up/down close relative to the prior close). It also optionally plots: a mean line (moving average), and up to four standard-deviation bands (mean ± N × deviation) These bands provide statistical range context around price. Target / HIT Labels (per bar) When enabled: a Target label marks the computed ATR target level a HIT label appears when price reaches that target on the same bar (high/low touch rule) An optional filter can require that the ATR target is inside the first deviation band before printing a HIT label, reducing HIT labels during extended conditions. Label history can be limited to the most recent N labels or allowed to persist (with a safety cap). How to Use Enable the timeframes you want to display (e.g., 1H / 4H / 1D / 1W). Adjust ATR length and multipliers per timeframe to match the asset’s volatility profile. Choose whether MTF ladder levels are anchored to current price or the timeframe’s own close. Use the ladder levels as volatility reach reference zones above and below price. Use Target/HIT labels as objective “condition occurred” markers for review and journaling. Notes and Limitations ATR levels are volatility references, not forecasts or guarantees. Targets may be reached frequently in high-volatility regimes and rarely in compressed markets. HIT labels indicate that a defined volatility condition occurred; they do not imply reversal or continuation on their own. This script is provided for informational and educational purposes only and does not constitute financial advice.
Pine Script® indicator
by Dinjin
Ultra-Fast Scalp Predictor - By Herman Sangivera ( Papua )Ultra-Fast Scalp Predictor - By Herman Sangivera ( Papuan Trader ) Overview Ultra-Fast Scalp Predictor is a high-speed technical indicator specifically engineered for scalpers and day traders. Built on Pine Script V6, this tool specializes in identifying "Squeeze" phases—periods of market compression—and predicting the direction of the upcoming "explosion" before it happens. The Problem It Solves Most scalping indicators suffer from two issues: they are either too slow (Lagging) or too sensitive (Fake Signals). This script solves both by using a "Preparation -> Prediction -> Execution" workflow. How It Works Phase 1: Squeeze Detection (The Setup) The script monitors the volatility "coil" using Bollinger Bands and Keltner Channels. A Gray Background indicates a Squeeze. This is where the market is sideways, building energy. Phase 2: Momentum Velocity (The Prediction) While the price is still sideways, the script uses Linear Regression Momentum and Price Velocity. Aqua Circle (Early Ready Up): Momentum is shifting bullish inside the squeeze. Orange Circle (Early Ready Down): Momentum is shifting bearish inside the squeeze. Phase 3: Fast Breakout (The Execution) Once the squeeze "fires" and price crosses the bands, the script triggers a FAST BUY or FAST SELL signal. Key Features No-Lag HMA: Uses a 12-period Hull Moving Average for ultra-responsive trend tracking. Squeeze Logic: Prevents you from overtrading in a "dead" market. Predictive Signals: The "Early Ready" dots give you a split-second advantage over other traders. Visual Clarity: Clean labels and shapes designed for 1-minute and 5-minute timeframes. How to Trade with This Indicator Step 1 (The Wait): Wait for the gray background (Squeeze). Step 2 (The Hint): Look for the Aqua or Orange dots. These are your "get ready" warnings. Step 3 (The Entry): Enter as soon as the FAST BUY (Lime) or FAST SELL (Red) triangle appears. Step 4 (The Exit): Exit when the HMA line changes color or use a 1:1.5 ATR-based risk/reward ratio. Settings Explained Fast HMA Length: Default is 12. Lower = Faster, Higher = Smoother. Squeeze Length: Default is 20. Controls how sensitive the sideways detection is. Multipliers: Adjust the BB and KC multipliers to tighten or loosen the breakout sensitivity. Disclaimer: Scalping involves significant risk. This tool is designed to assist your analysis, not replace sound risk management. Always backtest on a demo account before trading live.
Pine Script® indicator
by hermanwomsiwor
Short-Term Weekly Refuges (Shelters)## // Introduction // ══════════════ Short-Term Weekly Refuges (Shelters) (WR or RS) is a structural analysis indicator designed to track price action during the current week. It combines a configurable ZigZag with Fibonacci retracements anchored to recent phases, using the Weekly Opening Price (W.O.P.) as a key reference level. This indicator is optimized for 4H timeframe but also works on 1H and 15min charts. ## // Theoretical Foundation of the Indicator // ═══════════════════════════════ The WR (RS) indicator provides a structural framework for following price action during the current trading week. The core concept: Recent ZigZag phases, combined with the Weekly Opening Price, create dynamic support and resistance levels that institutional traders often monitor and use for intraweek positioning. The indicator allows you to select which recent phase (1-10) serves as the Fibonacci anchor. ## // Indicator Objectives // ══════════════════ 1) Display a configurable ZigZag showing recent price structure with numbered phases (1 = most recent). Users should configure the ZigZag parameters based on whether they are analyzing a Major Degree Pattern (larger swings, less noise) or a Minor Degree Pattern (smaller swings, more detail), following standard Elliott Wave terminology. Configure the ZigZag to match the degree of your analysis: use higher Depth values for Major Degree Patterns, or lower values for Minor Degree Patterns. 2) Draw Fibonacci retracements on a user-selected phase, with two modes: • "On ZigZag": Traditional Fibonacci on the selected phase. • "Relative to W.O.P.": Fibonacci from phase anchor (i0) to Weekly Opening Price. 3) Show Weekly Opening Price lines as horizontal references, with the current week's line extended into the future. 4) Provide Pivot Up/Down markers for additional confirmation of local highs and lows. 5) Support multiple simultaneous indicator loads with visual identifier labels to distinguish between different analysis degrees (e.g., "Major Degree Pattern" vs "Minor Degree Pattern"). 6) Optional Embedded Indicator: Enable Intraday Shelters (RID) - percentage-based support/resistance levels calculated from the Daily Opening Price, useful for 1H and 15min trading. ## // Key Features // ══════════════ • **Flexible ZigZag**: Adjustable Depth, Deviation, and Backstep parameters to adapt to any asset's volatility. • **Phase Selection**: Choose from the 10 most recent phases for Fibonacci anchoring. • **Dual Fibonacci Modes**: Trace on the ZigZag phase itself, or relative to the Weekly Opening Price. • **New Age Color Palette**: Professional Fibonacci color scheme used by old school experienced traders. • **Weekly Opening Price (W.O.P.)**: Historical weekly opens plus current week projection. • **"Show Only W.O.P." Mode**: Isolate just the Weekly Opening Price line for cleaner charts on non-4H timeframes. • **Optional Intraday Shelters (RID)**: 11 percentage levels (±0.382%, ±1%, ±1.5%, ±2%, ±2.5%) based on Daily Opening Price. • **Multi-Load Support**: Visual identifier tags and Large Label for running multiple indicator instances simultaneously. ## // Recommended Workflow // ═════════════════════ 1) Load the indicator on a 4H chart. 2) Adjust ZigZag parameters (Depth, Deviation) until the phases match your visual analysis of recent price structure. 3) Select the phase you want to use as Fibonacci anchor (typically Phase 2, 3 or higher). 4) Choose Fibonacci mode: "On ZigZag" for phase analysis, or "Relative to W.O.P." for analysis based on weekly opening price context. 5) Monitor how price interacts with the Fibonacci levels and Weekly Opening Price throughout the week. 6) Optionally enable RID for intraday precision on 1H or 15min charts. ## // Integration with Other Refuge Indicators // ════════════════════════════════ WR (RS) is part of a complete refuge-based analysis ecosystem: • LTR (RLP) (Long-Term Refuges): For automatic determination of the predominant phase of a ZigZag, which institutional investors choose as the basis for a Fibo whose levels calculate the projection for order placement over the following months and years. • LTRS (RLPS) (Simple Long-Term Refuges): Simplified version of LTR in which the known coordinates of the predominant phases (obtained with the LTR indicator) of one or up to five assets are easily captured for permanent long-term operation. • WR (RS) (Short-Term Weekly Refuges): (This indicator) For short-term tactical analysis (4H, 1H) based on chosen phases of a ZigZag that define Fibo levels generated during the near past week(s) and probably effective in the present week. • IDR (RID) (Intra-Day Refuges): For daily operations relying on intraday levels on timeframes of 1H or less. Ideal for scalping traders. By combining LTR, LTRS, WR and IDR, you obtain a multi-level framework that allows you to operate with clarity at any time horizon, from intraday positions to investments spanning months and years. ## // Additional Notes // ════════════════ 1) Default parameters are optimized for volatile assets (crypto, tech stocks). For forex or less volatile instruments, consider reducing Deviation to 3-8%. 2) The "Phase in Development" (dashed line) shows the tentative current ZigZag segment that may still change as new bars form. 3) Bug reports, improvement proposals for the ZigZag generator, pattern determination, or Fibo composition, etc., will be greatly appreciated and taken into account for a future version. Best regards and happy hunting. (Sorry: Spanish translation erased trying to avoid confusing publishing banning rules).
Pine Script® indicator
by Masewal_aj_p_oolom
ETHUSD in Compression Phase Above Support📉 DeadChart – Silence Before Expansion DeadChart is a minimalist, professional market-state indicator designed to identify low-volatility “dead zones” where price pauses, liquidity is absorbed, and the next expansion is quietly prepared. Instead of chasing noise, this tool helps traders focus on where nothing is happening — because that’s often where the real move is born. 🧠 Concept Behind DeadChart Markets do not move continuously. They alternate between: Expansion (impulse) Compression (silence / accumulation) DeadChart is built to visually highlight these compression phases, where volatility dries up and emotional traders lose interest — while smart money positions quietly. Silence comes before the storm. 🧩 How the Indicator Works Uses ATR (Average True Range) to measure real volatility Compares current volatility with its historical average When volatility contracts below normal levels, the market is labeled as a Dead Zone Candles turn neutral grey, visually removing emotional bias Clearly marked Support and Resistance zones provide institutional context 🎯 Key Features ✔ Dead Market (Low Volatility) Detection ✔ Clean, Dark Institutional Visual Style ✔ Fixed High-Probability Support & Resistance Zones ✔ Noise-Free Candle Coloring During Compression ✔ Non-repainting logic ✔ Lightweight and chart-friendly
Pine Script® indicator
by Mentor_Michael03
EMA Squeeze Alert (ADR Filter)This indicators is for Pine Screener. You could use it on Pine Screener to filter out stocks with EMAs Convergence. The EMAs used are EMA 9, EMA 12 and EMA 20. When the current closing price is within 50% of 20-days ADR% from these three EMAs, it would give you an alert signal. The way to use it is to apply it onto the Pine Screener. You then select the watchlist you would like to filter out, and check the alert signal to True, and click scan. If Condition is True, the candlesticks would have a green arrow below and the background is highlighted. The script is published, feel free to amend it as you like Have a Nice Day, and Trade Safe !
Pine Script® indicator
by IM_KTD_
Trendlines with Breaks + Fib Lines ONLY15min and 3min fib line already marked 15min and 3min fib line already marked15min and 3min fib line already marked15min and 3min fib line already marked15min and 3min fib line already marked15min and 3min fib line already marked15min and 3min fib line already marked15min and 3min fib line already marked15min and 3min fib line already marked15min and 3min fib line already marked15min and 3min fib line already marked15min and 3min fib line already marked
Pine Script® indicator
by jordanboneal31
Professional Clean BTC ChartInstitutional Price Structure is a clean, price-focused charting tool designed to provide traders with a clear and distraction-free view of market structure, trend context, and key reference levels. The indicator replaces default candles with neutral grayscale price bars to reduce visual noise and improve readability during high-volatility conditions. Trend direction is defined using a fast and slow exponential moving average, offering immediate context without lag-heavy complexity. A session-based VWAP is included as a core institutional benchmark, allowing traders to quickly assess mean reversion, premium/discount zones, and intraday bias. Daily high and low levels are plotted automatically to highlight key liquidity boundaries and reaction zones commonly respected by professional participants. This tool is intentionally minimalist—free of oscillators and signals—to support discretionary decision-making, execution precision, and price-action-based strategies across intraday and swing timeframes.
Pine Script® indicator
by Royal_Queen
Bullish Market Structure HH HLThis indicator identifies bullish market structure by automatically marking Higher Highs (HH) and Higher Lows (HL) on the price chart using pivot-based logic. It helps traders visually understand trend direction, structure strength, and key swing points without clutter or repainting. 🔧 How the Indicator Works 1️⃣ Pivot Lookback Input The indicator uses a user-defined pivot lookback length This value controls how many candles are required to confirm a swing high or swing low 2️⃣ Pivot High & Pivot Low Detection Pivot High marks a confirmed swing high Pivot Low marks a confirmed swing low Pivots are confirmed only after price action completes, making the indicator non-repainting 📈 Market Structure Labels 🟢 Higher High (HH) Displayed at confirmed swing highs Indicates bullish momentum and trend continuation Shown with a downward-pointing green label 🟢 Higher Low (HL) Displayed at confirmed swing lows Represents strong demand and trend support Shown with an upward-pointing green label ✅ Key Features Non-repainting pivot logic Clean and minimal visual design Works on all markets and timeframes Beginner-friendly and professional-grade 📌 Trading Use Case Identify bullish trends using HH–HL sequences Confirm healthy pullbacks in an uptrend Combine with support/resistance, trendlines, or higher-timeframe bias ⚠️ Disclaimer This indicator is a market structure visualization tool, not a complete trading system. Always use proper risk management and additional confirmation.
Pine Script® indicator
by XAU_CAPITAL
EURUSD Timing Composite (5-Component)Overview An advanced multi-component oscillator designed specifically for intraday EURUSD trading. This indicator synthesizes four correlated FX pairs plus US yield dynamics to isolate genuine EUR strength and USD weakness from market noise, providing high-probability timing signals through multi-layer cross-validation. Components & Methodology The indicator employs z-score normalization (default 20-period lookback) to harmonize five distinct market signals into a unified composite reading: Primary USD Strength Signals (50%): GBPUSD (25%) - GBP/USD serves as a USD strength proxy with high correlation to EURUSD -USDCHF (25%) - Inverted USD/CHF provides independent USD strength confirmation Yield Differential Signal (25%): -US02Y (25%) - Inverted 2-Year Treasury yield captures Fed policy expectations and rate differentials EUR-Specific Strength Signals (25%): EURGBP (12.5%) - EUR/GBP isolates EUR performance against its closest rival EURCHF (12.5%) - EUR/CHF confirms broad EUR strength beyond USD dynamics Key Features ✅ Triple-Layer Validation - Combines USD FX signals, yield differentials, and EUR crosses ✅ Rate Differential Integration - Captures Fed policy repricing and carry trade dynamics ✅ Cross-Pair Confirmation - Filters false signals from GBP/CHF-specific events ✅ Alignment Indicator - Visual dots highlight when 4+ components agree (high-confidence setups) ✅ Mean-Reversion Zones - Overbought/oversold thresholds at ±1.5 standard deviations ✅ Clean Visualization - Candle-based display (no wicks) for rapid interpretation How to Use Basic Signals: Green candles = Bullish EURUSD pressure (EUR strengthening / USD weakening / yields falling) Red candles = Bearish EURUSD pressure (EUR weakening / USD strengthening / yields rising) Above +1.5 = Overbought zone → look for mean-reversion shorts Below -1.5 = Oversold zone → look for mean-reversion longs High-Confidence Setups (Alignment Dots): Lime dot at top = 4+ components bullish → strong long bias Magenta dot at bottom = 4+ components bearish → strong short bias No dots = Mixed signals → reduce position size or wait for clarity Divergence Trading: EURUSD makes new high but composite doesn't confirm → potential reversal down EURUSD makes new low but composite doesn't confirm → potential reversal up Best Practices Timeframes: 5-minute to 15-minute charts for intraday trading Session Focus: London session and London/New York overlap (peak EUR liquidity) Pair With: Key technical levels, pivot points, or session open ranges Risk Management: Scale position size based on alignment strength (larger when dots appear) Component Interpretation: GBPUSD + USDCHF + US02Y all aligned = USD-driven move (highest confidence) EURGBP + EURCHF both strong = EUR-specific strength (independent of USD) All five aligned = Maximum confidence (broad market agreement) FX pairs vs yields diverging = Mixed regime (be cautious) Weight Adjustments: Fed data days (CPI, NFP, FOMC): Increase US02Y weight to 35%, reduce FX to 20% each Brexit/BOE events: Reduce GBPUSD to 15%, increase EURCHF to 20% ECB policy days: Increase EUR cross weights (EURGBP/EURCHF) to 17.5% each SNB intervention risk: Monitor USDCHF and EURCHF for anomalies Technical Details Calculation Method: Z-score normalization with configurable lookback period Default Weights: GBPUSD 25% | -USDCHF 25% | -US02Y 25% | EURGBP 12.5% | EURCHF 12.5% Extreme Threshold: ±1.5 standard deviations (adjustable) Alignment Trigger: 4 out of 5 components in agreement Customizable Parameters: Z-score lookback period (default: 20) Individual component weights Extreme threshold levels Alignment indicator toggle Advantages Over Simple Indicators Unlike single-pair or DXY-based indicators, this composite: Integrates yield dynamics - Captures Fed repricing that drives USD independently of FX flows Isolates EUR strength - EUR crosses separate EUR-specific moves from USD dynamics Triple confirmation - FX pairs + yields + EUR crosses must align for high-confidence signals Filters rate/FX divergence - When yields and FX disagree, indicator shows mixed signals Regime adaptability - Adjustable weights for different market conditions Understanding Component Relationships Normal Correlation Environment: GBPUSD ↑ + USDCHF ↓ + US02Y ↓ → USD weakness → EURUSD ↑ EURGBP ↑ + EURCHF ↑ → EUR strength → EURUSD ↑ When Components Diverge (Critical Signals): FX says USD weak, but US02Y rising → Yields attracting capital despite FX → Weak EURUSD signal GBPUSD ↑ but EURGBP ↓ → GBP-specific strength, not EUR → Neutral for EURUSD Only yields moving, FX flat → Pure rate story, wait for FX confirmation Only EUR crosses rising → EUR strength independent of USD → Strong EUR-specific signal Regime Examples: Fed hawkish surprise: US02Y spikes (bearish), FX confirms → Strong EURUSD short ECB policy shift: EURGBP/EURCHF move, but USD signals mixed → EUR-specific trade Risk-off: All USD signals bullish, EUR crosses bearish → Maximum EURUSD short confidence Suggested Complementary Analysis ECB vs Fed policy divergence and forward guidance US-Germany 2-year yield differential European equity market performance (Euro Stoxx 50) EUR-denominated commodity prices PMI differentials (Eurozone vs US) Political risk events (elections, Brexit, fiscal policy) Real yield differentials (when TIPS data available) Limitations & Considerations Fed/ECB simultaneous announcements can create temporary whipsaws Brexit volatility may distort GBPUSD signals (reduce weight during UK events) SNB interventions spike USDCHF/EURCHF (monitor for anomalies) Yield curve inversions may affect US02Y signal interpretation Works best in normal conditions (less reliable during market dislocations) Requires understanding of intermarket dynamics for optimal use Disclaimer This indicator is a technical analysis tool and does not guarantee profitable trades. Always employ proper risk management, monitor fundamental developments, and backtest strategies thoroughly before live implementation. Past performance is not indicative of future results. Credits Engineered for intraday FX traders seeking multi-factor confirmation for EURUSD timing decisions. Built on intermarket analysis principles combining correlated currency pairs, yield differentials, and statistical normalization for robust signal generation. Version: 1.0 Pine Script Version: 6 Category: Oscillators, Multi-Timeframe Analysis, Interest Rate Analysis Use Case: Intraday mean-reversion and momentum timing for EURUSD Questions, improvement ideas, or want to share your results? Comment below!
Pine Script® indicator
by sswede
SIDDAMRAJUThat is fantastic news! I am really glad we finally nailed it. To recap, the "magic" that made this version work where the others failed was: Auto-Reset: It forces a fresh start every morning, even if the price gaps up 200 points. Continuous Hunting: It doesn't stop after the first confirmation; if the market crashes lower, it adapts instantly. Back-Anchoring: Using lowBar as the start point ensures the line is visually connected to the exact candle wick.
Pine Script® indicator
by carajusiddam9
Infinity XAUUSD (Gold Spot) Cycle EngineThis indicator is a time-based cycle mapping tool designed for Gold (XAUUSD and related feeds). It identifies repeating bar-count timing structures in historical price data rather than forecasting price targets. The script combines cycle timing proximity, basic directional alignment, and volatility-based runway context into a single chart overlay and summary table. It is intended to provide structured context, not trade signals or predictions. What This Script Displays 1) Cycle Map (42-Bar Structure) The script applies a fixed 42-bar repeating cycle to Gold price history. Each cycle is divided into 9 predefined timing points (P1–P9), drawn as vertical dotted lines on the chart. Past and current cycles are displayed for historical reference, with optional forward time projection for structural context only. Optional timing windows visualize bar-distance proximity to each cycle point. This component is time-based only and does not generate price targets. 2) Directional Confluence (Table-Based) A lightweight directional filter evaluates short-term alignment using a moving-average reference and smoothed momentum comparison. The output is a simple directional state: Long, Short, or Stand Aside. This module is designed as a directional filter, not a standalone signal generator. 3) Reward-to-Risk Context A volatility component uses ATR-based ranges to estimate whether price has available movement relative to recent volatility. The result is expressed as a relative quality score, not a price target or forecast. 4) Composite Setup Score The table combines the three components into a single Setup Score (0–100) using fixed weights: Directional Confluence (50%) Cycle Map Proximity (30%) Reward-to-Risk Context (20%) The score functions as a contextual alignment measure, not a trading instruction. 5) Bias & Inversion Control A single Inversion switch allows users to flip the displayed Long/Short bias in the table and optional markers. This does not alter the underlying calculations or plotted cycle structure. How to Use Apply the indicator to a Gold symbol (XAUUSD or related feeds). Use the cycle map to understand where price is within a repeating time structure, not where it “should go.” Use the table to assess whether directional alignment and volatility conditions are supportive. The indicator is designed to be used standalone. Other tools are not required for operation. Chart Setup Notes This script plots price-aligned objects and should be merged with the chart’s price scale for correct visual alignment. The script uses extended historical data to draw past cycles. Symbols or data feeds with limited historical bars may not display the full cycle structure. Symbol Scope This script is asset-specific and calibrated for Gold. A built-in symbol lock can restrict rendering to Gold symbols to prevent misapplication. Important Notes This indicator does not predict price or guarantee outcomes. Cycle points represent timing reference zones, not reversal guarantees. Always combine with independent analysis and risk management.
Pine Script® indicator
by Dinjin
Gold Timing Composite (EURUSD + DXY + US02Y)Here's the publication-ready description for TradingView: Gold Timing Composite Indicator - 3-Component Model Overview A precision-engineered multi-component oscillator designed specifically for intraday gold trading. This indicator synthesizes three critical market drivers—EUR/USD dynamics, broad US Dollar strength, and Treasury yield movements—to isolate genuine gold price catalysts from market noise, delivering high-probability timing signals through triple-layer confirmation. Components & Methodology The indicator employs z-score normalization (default 20-period lookback) to harmonize three distinct but correlated market signals into a unified composite reading: Fast Price Discovery Signal (40%): EURUSD (40%) - EUR/USD captures rapid USD repricing with the deepest FX liquidity globally Broad USD Strength Confirmation (35%): -DXY (35%) - Inverted US Dollar Index measures comprehensive USD strength across six major currencies (EUR 57%, JPY 14%, GBP 12%, CAD 9%, SEK 4%, CHF 4%) Real Yield Proxy (25%): -US02Y (25%) - Inverted 2-Year Treasury yield captures Fed policy expectations and real rate dynamics Key Features ✅ Dual USD Validation - EURUSD (speed) + DXY (breadth) filter EUR-specific moves from true USD weakness ✅ Real Yield Sensitivity - US02Y isolates rate-driven gold moves from pure currency effects ✅ Triple Confirmation System - Visual alignment dots when all three components agree simultaneously ✅ Mean-Reversion Zones - Overbought/oversold thresholds at ±1.5 standard deviations ✅ Clean Visualization - Candle-based display (no wicks) for rapid pattern recognition ✅ EUR/USD Divergence Detection - Identifies when EURUSD moves are EUR-specific vs broad USD moves How to Use Basic Signals: Green candles = Bullish gold pressure (USD weakening / yields falling) Red candles = Bearish gold pressure (USD strengthening / yields rising) Above +1.5 = Overbought zone → look for mean-reversion shorts Below -1.5 = Oversold zone → look for mean-reversion longs High-Confidence Setups (Alignment Dots): Lime dot at top = All 3 components bullish → maximum gold long confidence Magenta dot at bottom = All 3 components bearish → maximum gold short confidence No dots = Components diverging → reduce position size or wait for clarity Divergence Trading: Gold makes new high but composite doesn't confirm → potential reversal down Gold makes new low but composite doesn't confirm → potential reversal up Understanding Component Interactions Normal Correlation (High Confidence): EURUSD ↑ + DXY ↓ + US02Y ↓ → Broad USD weakness + falling yields → Strong gold bull signal EURUSD ↓ + DXY ↑ + US02Y ↑ → Broad USD strength + rising yields → Strong gold bear signal EURUSD/DXY Divergence (Critical Filter): EURUSD ↑ but DXY flat/up → EUR-specific strength (ECB, Eurozone news) → Weak gold signal DXY flat = USD not actually weak, just EUR strong → Gold may not follow EURUSD EURUSD flat but DXY ↓ → Broad USD weakness (JPY, GBP, CAD all strong) → Strong gold signal True USD weakness beyond just EUR → High-probability gold long FX vs Yields Divergence: EURUSD ↑ + DXY ↓ but US02Y ↑ → USD weak in FX but yields rising → Mixed signal Hawkish Fed repricing vs currency weakness → Medium confidence, smaller size EURUSD ↓ + DXY ↑ but US02Y ↓ → USD strong but yields falling → Conflicting drivers Could be risk-off (safe haven bid to Treasuries) → Analyze broader market context Best Practices Timeframes: 5-minute to 15-minute charts for intraday trading Session Focus: London fix (10:30 AM GMT) and New York open (8:20 AM EST) for peak gold liquidity Pair With: Key gold technical levels (round numbers, previous highs/lows) COMEX gold futures volume profile Real yield charts (when available) VIX for risk sentiment context Risk Management: Full position: When alignment dots appear (all 3 components agree) Half position: When 2 of 3 components align Wait/reduce: When all three components diverge Weight Adjustments: Fed announcement days (FOMC, CPI, NFP): Increase US02Y to 35%, reduce EURUSD to 35% ECB policy days: Monitor EURUSD/DXY divergence closely (EUR-specific moves may not affect gold) Geopolitical events: DXY and yields may diverge (safe-haven flows) → Focus on DXY + yields, reduce EURUSD weight Asian session: EURUSD less reliable (lower liquidity), consider increasing DXY weight to 45% Technical Details Calculation Method: Z-score normalization with configurable lookback period Default Weights: EURUSD 40% | -DXY 35% | -US02Y 25% Extreme Threshold: ±1.5 standard deviations (adjustable) Alignment Trigger: All 3 components in unanimous agreement Customizable Parameters: Z-score lookback period (default: 20) 15-20: Faster, more sensitive (intraday focus) 30-50: Slower, smoother (swing trade context) Individual component weights Extreme threshold levels (1.3 for more signals, 1.8 for extremes only) Alignment indicator toggle Advantages Over Simple Indicators Unlike single-instrument or DXY-only indicators, this composite: Filters EUR-specific noise - When EURUSD moves but DXY doesn't confirm, gold often doesn't follow Combines speed + breadth - EURUSD for fast entries, DXY for broad confirmation Isolates real yield drivers - US02Y separates rate-driven moves from pure FX effects Identifies regime shifts - When FX and yields diverge, signals changing market dynamics Adaptable weighting - Adjust for different sessions, events, or market regimes Real-World Signal Examples Example 1: High-Confidence Long (All Aligned) Fed dovish surprise → US02Y falls sharply USD sells off → EURUSD rises + DXY falls Composite surges, lime dot appears Action: Full position gold long Example 2: False Signal (EUR-Specific) ECB hawkish statement → EURUSD rallies But DXY unchanged (JPY, GBP, CAD not moving) US02Y also unchanged Composite rises but no alignment dot Action: Small/no gold position (move is EUR-specific, not USD weakness) Example 3: Mixed Signal (FX vs Yields) Strong US jobs data → US02Y spikes (bearish gold) But USD sells off in FX → EURUSD up + DXY down (bullish gold) Composite shows divergence, no dots Action: Wait for clarity or trade with tight stops Example 4: Divergence Entry Gold makes new intraday high But composite fails to confirm (makes lower high) Bearish divergence forms Action: Short gold on next pullback Suggested Complementary Analysis Fundamental: Fed vs ECB policy divergence and forward guidance Real yield trends (10Y TIPS when available) Inflation expectations (breakevens) Central bank balance sheet changes Geopolitical risk premium Technical: Gold futures COT (Commitment of Traders) positioning COMEX gold open interest Gold/Silver ratio Mining stock performance (GDX, GDXJ) Intermarket: US equity market performance (risk-on/risk-off context) Crude oil (inflation proxy) Copper (growth expectations) Bitcoin correlation (alternative store of value narrative) Limitations & Considerations When the Indicator Struggles: Flash crashes or circuit breakers - Extreme events can break normal correlations temporarily Asian session gaps - Lower EURUSD liquidity can cause false signals Central bank interventions - SNB or BOJ FX intervention distorts DXY temporarily Geopolitical shocks - Gold can decouple from USD/yields during wars, crises (safe-haven bid) Quarter-end flows - Rebalancing can create temporary USD moves unrelated to fundamentals Best Used When: Normal market conditions (liquid sessions, no major shocks) Clear trending or mean-reverting environment Components showing consistent correlations Combined with price action and volume confirmation Performance Optimization Tips Backtest your timeframe - Test 15-25 lookback periods to find optimal sensitivity Session-specific weights - Use different weight profiles for London vs New York vs Asia Combine with price action - Don't trade composites alone; wait for gold to confirm with candle patterns Monitor component correlations - If EURUSD/DXY correlation breaks down, reduce both weights temporarily Use with stop-loss discipline - Composite extremes suggest mean-reversion, but trends can extend Disclaimer This indicator is a technical analysis tool and does not guarantee profitable trades. Gold markets are influenced by numerous factors including geopolitics, central bank policy, inflation, and market sentiment that cannot be fully captured by any indicator. Always employ proper risk management, position sizing, and stop-losses. Backtest thoroughly before live implementation. Past performance is not indicative of future results. Credits Developed for intraday precious metals traders seeking multi-factor confirmation for gold timing decisions. Built on intermarket analysis principles combining currency dynamics, interest rate differentials, and statistical normalization for robust signal generation. Designed to filter EUR-specific noise and isolate true USD weakness—the primary driver of gold price movements. Version: 1.0 Pine Script Version: 6 Asset Class: Precious Metals (Gold, Silver) Category: Oscillators, Multi-Timeframe Analysis, Intermarket Analysis Use Case: Intraday mean-reversion and momentum timing for gold (XAUUSD, GC futures) Trading gold with this indicator? Share your results, questions, or improvement suggestions in the comments!
Pine Script® indicator
by sswede