Get started

Chart patterns

Educational Market Structure & Trend Context🔍 Overview This time-limited indicator is designed for educational and analytical purposes only. It helps users visually study price structure behavior and trend context by marking key structural points on the chart and overlaying a trend reference line. The indicator does not generate trading signals, predictions, or recommendations. ⚙️ How the Indicator Works The script analyzes price action over a user-defined lookback period to identify local structural points: Higher Highs within the selected range Lower Lows within the selected range These points are plotted as simple visual markers to help users understand how price is evolving over time. In addition, a moving average is applied to provide broader trend context. 🟢 Green Markers (Structure Strength) Appear when price forms a local higher high within the lookback window Represent relative strength in price structure They are not buy signals and do not indicate future movement 🔴 Red Markers (Structure Weakness) Appear when price forms a local lower low within the lookback window Represent relative weakness in price structure They are not sell signals and do not indicate reversals ➖ Grey Line (Trend Context Line) This line is a moving average calculated over a fixed period It provides trend context only, helping users visually distinguish between upward and downward environments It does not act as support, resistance, or entry guidance 🎨 Background Shading (Optional Context) A subtle background color may appear depending on price position relative to the trend line This shading is purely visual context, not a signal or confirmation 🎯 Purpose & Benefits Helps users study market structure in a clean and simple way Encourages price-action awareness instead of signal dependency Supports manual analysis, learning, and chart reading skills Keeps the chart minimal, non-predictive, and professional ⚠️ Important Notes This indicator does not provide buy/sell signals No targets, stop levels, or profit expectations are included Past structure points do not predict future outcomes Users should apply their own analysis and risk management
Pine Script® indicator
by Mentor_Michael03
ICT Killzones + NY Midnight# ICT Killzones + NY Midnight - Complete Description ## 📋 General Overview **ICT Killzones + NY Midnight** is a professional technical indicator designed for intraday traders using the **ICT (Inner Circle Trading)** methodology to identify high-potential liquidity zones based on the main trading sessions. The indicator combines: - **3 main Killzones** (London, New York AM, Asian) - **Midnight New York opening line** with extension options - **Support/Resistance lines** based on session highs and lows - **Complete customization** of colors, styles, and parameters --- ## 🎯 ICT Killzones Concept **Killzones** are specific periods of the day when there is high liquidity in the market due to the opening of major trading sessions. According to ICT methodology, prices tend to visit the high and low of these sessions before continuing with a significant move. ### The 3 Main Killzones: **1. London Open (London Zone)** - **Time:** 02:00 - 05:00 UTC (New York Time) - **Characteristic:** First major session of the day - **Liquidity:** Medium-High - **Usage:** Identify key levels of the European session **2. New York AM (Morning New York)** - **Time:** 08:30 - 11:00 UTC (New York Time) - **Characteristic:** New York session opening - **Liquidity:** Very High - **Usage:** Most volatile and liquid session of the day **3. Asian (Asian Session)** - **Time:** 20:00 - 00:00 UTC (New York Time) - **Characteristic:** Session overlapping with London - **Liquidity:** Medium - **Usage:** Identify levels established in Asian session --- ## 📊 Indicator Components ### Shaded Boxes (Killzones) - Colored rectangles showing the range (high-low) of each session - Created automatically during each zone's trading hours - Customizable in color, opacity, and session ### High/Low Horizontal Lines - **Upper Line:** Marks the highest point reached during the session - **Lower Line:** Marks the lowest point reached during the session - Extend beyond the box by a configurable number of bars - Serve as key support/resistance levels ### Labels - Display the name of each zone (London, NY AM, Asian) - Customizable in text and background color - Located at the beginning of each zone ### NY Midnight Line - Horizontal line at the opening price at 00:00 (Midnight New York) - Includes optional dotted vertical line - Extension options: 1 day, 2 days, infinite right or both sides - Label with exact price information --- ## ⚙️ Available Configuration ### Group: Killzones **London Open** - Toggle: Enable/Disable - Session: Customize time (default: 0200-0500) - Box Color: Color of the shaded box - Line Color: Color of high/low lines **New York AM** - Toggle: Enable/Disable - Session: Customize time (default: 0830-1100) - Box Color: Color of the shaded box - Line Color: Color of high/low lines **Asian** - Toggle: Enable/Disable - Session: Customize time (default: 2000-0000) - Box Color: Color of the shaded box - Line Color: Color of high/low lines ### Group: Killzone Lines - **Line Extension Length:** Number of bars the lines extend (10-500, default: 100) - **Label Text Color:** Color of zone name text - **Label Background Color:** Background color of labels ### Group: Midnight NY Open - **Show Midnight NY Open:** Enable/Disable midnight line - **Extend:** Extension options: - 1 Day: Extends for 1 full day - 2 Days: Extends for 2 full days - Right: Extends infinitely to the right - Both: Extends in both directions - **Line Color:** Color of horizontal line - **Line Width:** Line thickness (1-5) - **Line Style:** Solid, Dashed, Dotted - **Show Label:** Show/Hide label with price - **Show Vertical Line:** Show vertical line at exact midnight moment - **VLine Color:** Color of vertical line --- ## 📈 How to Use the Indicator ### Identifying Liquidity Zones 1. Observe the shaded boxes representing each killzone 2. The highs and lows of these zones are important liquidity levels 3. Price tends to visit these levels before major moves ### Trading with Levels - **Pullbacks:** Wait for price to retrace to high/low lines - **Breakouts:** Trade when price breaks these levels - **Support/Resistance:** Use levels as entry/exit points - **Take Profits:** Place targets at opposite levels of the killzone ### Midnight NY - Marks the start of a new day for the New York market - Price usually experiences significant moves from this level - Use as a reference level for session analysis ### Combination of Zones - When 2 or more zones have lines very close together, they create **confluence zones** - These areas are stronger price decision points - Higher probability of bounce or breakdown --- ## 💡 Professional Tips ### Timeframe Compatibility - **Best on:** 1m, 5m, 15m, 30m, 1h - **Not recommended:** Daily, Weekly, Monthly (ICT is intraday strategy) ### Customization by Market - **Forex:** Adjust times according to pairs (timezone differences) - **Crypto:** Applicable 24/7 (use standard NY times) - **Indices/Stocks:** Respect actual session hours ### Visual Optimization - Make boxes more transparent if many overlap - Use contrasting colors to differentiate zones - Increase line extension on lower timeframes ### Best Practices 1. Combine with market structure analysis 2. Use together with volume analysis 3. Respect overall market sentiment 4. Validate with additional fibonacci or pivot levels 5. Maintain discipline in risk management --- ## 🔧 Technical Features - **Maximum objects:** 500 lines, 100 labels, 500 boxes - **History:** Up to 5000 bars back - **Timezone:** UTC-5 (New York Standard Time) - **Pine Script Version:** v5 - **License:** CC BY-NC-SA 4.0 --- ## 📌 Key Difference Between Boxes and Lines | Aspect | Boxes | Lines | |--------|-------|-------| | **Purpose** | Visualize complete session range | Mark specific highs and lows | | **Color** | Semi-transparent (fill) | Solid or opaque (outline) | | **Extension** | Only during session | Extends configurable | | **Usage** | General liquidity zone | Specific S/R levels | --- ## 🎨 Color Recommendations **Option 1: Distinctive Colors** - London: Light Cyan - NY AM: Bright Orange - Asian: Magenta/Pink **Option 2: Importance Scale** - NY AM (most important): Red - London (important): Blue - Asian (medium): Green **Option 3: Professional** - London: Blue-Gray - NY AM: Black/Dark Gray - Asian: Medium Gray --- ## ⚠️ Important Limitations 1. **Does not work on timeframes above 1H** 2. **Requires sufficient historical data** 3. **Sessions may vary with daylight saving time changes** 4. **Not a complete system, requires additional confirmation** 5. **Best on liquid markets (Forex, major indices)** --- ## 📞 Support and Usage To change configuration: 1. Open the indicator on TradingView 2. Click the gear icon ⚙️ 3. Adjust parameters as needed 4. Changes apply in real-time --- ## 🚀 Quick Start Guide ### Step 1: Add the Indicator - Copy and paste the Pine Script code to TradingView Editor - Click "Add to Chart" ### Step 2: Configure Zones - Go to Settings → Killzones - Enable/Disable each zone as needed - Adjust colors for boxes and lines separately ### Step 3: Customize Lines - Go to Settings → Killzone Lines - Set your preferred line extension length - Adjust label colors ### Step 4: Set Midnight Line - Go to Settings → Midnight NY Open - Choose extension type (1 Day, 2 Days, Right, or Both) - Customize colors and line style ### Step 5: Start Trading - Identify support/resistance levels at zone boundaries - Look for price reactions at these levels - Combine with your trading strategy --- ## 📊 Example Trading Scenarios ### Scenario 1: Simple Support/Resistance - Price approaches a London killzone low line - This acts as support - Enter long when price bounces off this level ### Scenario 2: Confluence Zone - London high line = NY AM low line (very close) - Price has high probability to bounce here - Use as strong support/resistance level ### Scenario 3: Breakout Trade - Price clearly breaks above NY AM high line - Follow the breakout with proper risk management - Target next resistance level ### Scenario 4: Midnight New York - Use midnight line as overnight reference - Morning gap from midnight line - Plan intraday moves based on this level --- ## 🎓 Educational Value This indicator teaches traders about: - **Market Microstructure:** Understanding when liquidity appears - **Session Analysis:** How different markets interact - **Price Action:** How prices react to key levels - **Risk Management:** Where to place stops based on levels - **Technical Analysis:** Building confluence through multiple techniques --- **Indicator Developed:** 2026 **Based on:** ICT Inner Circle Trading Methodology **License:** CC BY-NC-SA 4.0 © LuxAlgo
Pine Script® indicator
by julioperez75955
EMA Touch & Price Action (Perfect Match)Indicator Name: EMA Touch & Price Action (Perfect Match) 【Overview】 This indicator is designed for traders who rely on precision and clarity. It automatically detects touches on up to four Exponential Moving Averages (EMAs) and identifies high-probability reversal patterns: the Engulfing (Outside Bar) and the Pin Bar. The core strength of this script is the "Perfect Match" logic. Unlike many other tools that suffer from signal lag or "repainting" (where signals appear or disappear after the bar closes), this indicator ensures that the signals align perfectly with the price action on the chart. By focusing on confirmed price data, it provides a reliable foundation for real-time decision-making. 【Key Features】 Quad-EMA Touch Detection: Displays four customizable EMAs (Default: 10, 20, 40, 80). When a candle's wick or body touches an EMA, a color-coded dot (●) appears below/above the bar, instantly showing which level is being tested. Advanced Engulfing Logic ("包"): Goes beyond simple size comparison. It requires a color reversal (e.g., a green bar following a red bar) and a breakout of the previous candle’s high/low to confirm strong momentum shift. Refined Pin Bar Detection ("Pin"): Filters out "fake" pins by calculating the ratio between the wick and the body. You can adjust the sensitivity (Wick Ratio) in the settings to match your specific market (Forex, Crypto, or Stocks). Zero-Offset, Confirmed Signals: Signals are displayed directly on the current bar. By using the "Once Per Bar Close" alert setting, you ensure that you only trade on fully completed price action patterns. 【Settings (Parameters)】 EMA 1–4 Length: Customize the periods for your moving averages. Pin Bar Wick Ratio: Adjust how long the wick must be relative to the body (Default is 2.0x). 【How to Trade】 Trend Following (Pullbacks): The highest win rates occur when the market is trending. Look for a "Combo" where price pulls back to a medium-to-long-term EMA (EMA 20 or 40), touches it, and prints an Engulfing or Pin Bar signal in the direction of the trend. Confluence: When multiple EMA dots appear on the same bar as a "包" or "Pin" label, it indicates a significant zone of support or resistance.
Pine Script® indicator
by cupship
Peak Trading Activity Graphs [LuxAlgo]The Peak Trading Activity Graphs displays four graphs that allow traders to see at a glance the times of the highest and lowest volume and volatility for any month, day of the month, day of the week, or hour of the day. By default, it plots the median values of the selected data for each period. Traders can enable the Median Delta feature to further highlight differences in the data. The graphs are customizable in width and height and feature gradient colors by default. 🔶 USAGE The tool is simple yet powerful. Using the three main parameters on the settings panel, traders can display up to four different graphs and up to 16 different configurations. There are two main types of data: volume and volatility. There are also four different time periods: months, days of the month, days of the week, and hours of the day. There is also the possibility of displaying the raw medians or the delta between them. Understanding which time periods have the most and least volume and volatility is essential for any trader. From avoiding trading during periods of low volume to properly sizing positions during periods of high volatility, there are multiple use cases directly related to improving execution and risk management. 🔹 Months This chart shows the monthly volume and volatility of NQ as medians at the top and as the delta of medians at the bottom. As we can see on the left-hand chart, the volume is fairly consistent throughout the year. January, March, and October have the highest volume, and December has the lowest volume for obvious reasons. Note the bottom chart with the delta feature enabled, which clearly shows the top and bottom periods. On the right, we have volatility, which is also evenly distributed throughout most months. October is the most volatile month, and March is the least volatile month. The differences are also very clear on the bottom chart with delta enabled. Traders may want to compare median volatility and volume by month to size positions and favor exposure during historically high-activity months. 🔹 Days of Month The same NQ charts are shown, but in this case, the Days of Month period has been selected. As you can see, this displays a calendar-like graph. The volume is on the left, the volatility is on the right, and the delta feature is enabled on the bottom charts. This feature allows for stronger differences in gradient. The top charts show that the raw medians of both volume and volatility are evenly distributed. We need to enable the delta feature on the bottom charts to see where the most and least volume and volatility are. Traders can use median activity by calendar day to anticipate liquidity expansions or contractions and adjust trade frequency. 🔹 Days of Week In this case, we have BTC charts with the same layout as before. Notably, the difference in volume on weekends is not as pronounced from a volatility perspective on those same days. A practical use case can be differentiate high-risk, high-participation weekdays from low-activity sessions to select trend or range-based strategies. 🔹 Hours of Day This shows the volume and volatility of each hour of the day for gold futures. As we can see, the most volume and volatility occur during the three hours around the RTH open at 8:00, 9:00, and 10:00 a.m. Traders may want to isolate hours with the highest median volatility and volume to concentrate execution and avoid low-liquidity periods. 🔹 Assets Comparison This tool allows us to compare different assets over the same period. In this case, we are comparing the hours of the day for 10-year notes, the S&P 500, silver, and the yen. Each asset has a different volatility profile throughout the day. With the Delta feature enabled, we can clearly see the differences. The 10Y Notes move from 7:00 to 9:00 and from 2:00 to 9:00. The Yen moves from 7:00 to 9:00 and from 2:00 to 9:00. Silver moves from 8:00 to 10:00. The S&P 500 moves from 8:00 to 9:00 and from 14:00 to 15:00. All times are in exchange time. 🔹 Sizing & Coloring Graphs Traders can adjust the width and height of the graphs, as well as the text size, at will. Traders can choose from four different color configurations in the settings panel. 🔶 SETTINGS Data: Select the type of data to display: Volume or Volatility. Period: Select the time period to display: Month, Day of Month, Day of Week, or Hours. Display delta between medians. Display the difference between the medians as a percentage. The smaller median is 0 and the larger median is 100. Enabling this feature highlights the differences between values. 🔹 Graph Graph: Select the graph location. Size: Select the graph size. Width: Select the graph width. Height: Select the height of the graph. 🔹 Style Colors: Select a color map: Viridis, Plasma, Magma, or Custom. Custom Cold: Select a custom color for cold (low values). Custom Lukewarm: Select a custom color for lukewarm (medium values). Custom Hot: Select a custom color for hot (high values).
Pine Script® indicator
by LuxAlgo
5
Weekly IR Breakout SignalsInspired by XO (@Trader_XO) on CT for his trading strategy and special thanks to REBO (@@R3BOOO) for putting it together in a cheat sheet and sharing it contact me on X: @neuromancer0x ------------------------------------------- Timeframe Recommendations: 1H chart - Day trading (5-10 signals/month) 4H chart - Swing trading (2-5 signals/month) ⭐ Best Daily chart - Position trading (1-2 signals/month) ------------------------------------------- When Signals Appear: Monday: No signals (just setting up IR) Tuesday-Friday: Watch for breakouts Max 1 LONG + 1 SHORT per week (indicator enforces this) ------------------------------------------- Risk Management: Risk 0.5-1% per trade Never risk more than 2% in one day If 2 losses in a row → reduce size or pause ------------------------------------------- 🔔 Setting Up Alerts Click "Create Alert" (⏰ icon) Condition: Select "🟢 LONG Entry" or "🔴 SHORT Entry" Alert name: "Weekly IR Signal" Set to: "Once Per Bar Close" Send to: Phone/Email/App
Pine Script® indicator
by bitsguy78
Momentum Fusion (CCI + RSI)1. The CCI Engine (Trend & Deviation) The White Line: Represents the raw Commodity Channel Index. It measures how far the current price is from its statistical average. The Yellow Line: An EMA (Exponential Moving Average) of the CCI. This acts as a "trigger." Instead of buying the moment the CCI turns up, you wait for the White line to cross the Yellow line, confirming a shift in momentum. Key Zones: Above +100: Strong Bullish Trend (Common in your IREN and SNDK holdings). Below -100: Strong Bearish Trend or "Oversold" (Watch for this in NEM or APA). 2. The RSI Filter (Velocity & Exhaustion) The Aqua Line: Represents the Relative Strength Index. The Scaling: Since RSI usually lives between 0–100 and CCI fluctuates between -200 and +200, the script automatically "stretches" the RSI so you can compare it directly to the CCI on the same pane. Logic: It prevents "chasing." If the CCI tells you to buy, but the RSI is already near the top of the chart, the script will be cautious. 3. Visual Alerts & "Fusion" Signals Buy Label (Green): Appears when the CCI crosses back above the -100 line (recovering from a dip) AND the RSI is below 40 (meaning there is plenty of "room" to grow before the stock gets tired). Sell Label (Red): Appears when the CCI crosses below +100 (losing steam) AND the RSI is above 60 (indicating the move is likely exhausted). Background Highlighting: * Green Shading: High-conviction buying zone (Extreme Oversold).
Pine Script® indicator
by lidornissim44
Double Top/Bottom Auto Highlighter - FixedThis lightweight indicator automatically detects and highlights classic reversal patterns on your chart: • Double Bottom (W-shape) → Green background + "DB" label (potential bullish reversal) • Double Top (M-shape) → Red background + "DT" label (potential bearish reversal) Features: • Pivot-based detection (adjustable lookback for reliability) • Price tolerance % (allows for small differences in highs/lows) • Optional volume spike filter (only show patterns after climactic moves) • Subtle visuals: Toggleable background highlights, labels, and dashed neckline • Built-in alerts for pattern detection + neckline breakouts (great for gold/silver setups!) • Clean & minimal — no clutter, works on any timeframe/symbol How to use: - Green "DB" after a sell-off → Watch for bounce/long opportunity (like your recent gold double bottoms) - Red "DT" after a rally → Potential short or exit longs - Combine with your other indicators (e.g., WC Cross Clouds for regime confirmation) Tweak pivot length (5–10 recommended) and tolerance (0.3–0.8%) in settings to fit your style. Feel free to use, modify, fork, or expand this script however you want! Released under open license. Happy trading! Dove– Chesapeake, VA
Pine Script® indicator
by dovetIlflenkydove
8-Year Cycle 8-Year Cycle Indicator — Description Overview: The 8-Year Cycle Indicator visually highlights repeating 8-year macro cycles on a chart, commonly used for gold, miners, or other long-term assets. It helps traders and investors understand early, mid, and late phases of each cycle to better plan positioning and risk management. Features: Each cycle is 8 years long by default. Each year in the cycle can be assigned a custom color for granular visualization. The last 4 years of a cycle can optionally be highlighted to indicate the late-cycle phase, historically associated with peaks and higher volatility. Vertical lines mark the start of each cycle. Labels display the full cycle period (e.g., 1981–1988). Background shading per year makes it easy to distinguish early, mid, and late cycle stages. Use Cases: Identifying accumulation and topping periods in gold or related assets. Understanding long-term macro trends. Providing visual context for risk management in multi-year cycles. Complementing other technical or macro indicators for strategic positioning.
Pine Script® indicator
by Virk48
Neeson Mayer MultipleIntegrating the Mayer Multiple Indicator: A Practical Guide for Market Analysis Introduction The Mayer Multiple indicator is a specialized tool designed to assess asset valuations relative to their long-term historical trends. By comparing current price action against a long-term simple moving average, this indicator provides a quantitative framework for identifying potential overbought and oversold conditions. This article explains the rationale behind its design, operational mechanics, practical applications, and unique value proposition. Purpose and Functionality The primary function of the Mayer Multiple indicator is to measure how far current prices deviate from a long-term moving average, expressed as a ratio. This measurement helps traders and investors identify: Extreme valuation levels that may signal potential reversal points Long-term trend strength and sustainability Market psychology shifts between fear and greed cycles Originally popularized in Bitcoin analysis, the indicator's principles apply to any volatile asset class where mean reversion tendencies exist alongside strong trend characteristics. Operational Principles The indicator operates through several interconnected components: Core Calculation Mechanism At its heart, the indicator calculates the Mayer Multiple by dividing the current closing price by a configurable simple moving average (default: 200 periods). This ratio represents how many times the current price exceeds its long-term average, providing an immediate visual reference for valuation extremes. Multi-Level Threshold System Four configurable thresholds create distinct market condition zones: Optimal Buy Zone (default: 0.7) - Historically extreme undervaluation Undervalued Zone (default: 1.0) - Moderate undervaluation Overvalued Zone (default: 2.4) - Moderate overvaluation Optimal Sell Zone (default: 3.5) - Historically extreme overvaluation These thresholds create a graduated scale of market conditions rather than binary signals. Visual Signal Hierarchy A sophisticated color-coding system prioritizes different signal types based on their significance: White/Gray: Neutral territory (between undervalued and overvalued thresholds) Aqua: Entering undervalued territory (potential accumulation zone) White: Reaching optimal buying conditions (historically rare opportunities) Yellow: Entering overvalued territory (potential distribution zone) Orange: Reaching optimal selling conditions (historically rare extremes) Green: Emerging from optimal buying conditions (momentum shift confirmation) Red: Retreating from optimal selling conditions (momentum reversal confirmation) This hierarchy helps users distinguish between entry signals, exit signals, and confirmation signals. Integration Rationale The integration of these components follows a logical progression: Mathematical Foundation The moving average provides a stable reference point that filters out short-term noise while maintaining sensitivity to long-term trend changes. The ratio format normalizes values across different price levels and timeframes, enabling cross-asset comparisons. Behavioral Finance Alignment The threshold system corresponds to documented market psychology patterns. The extreme thresholds (optimal buy/sell) represent points where fear or greed typically reach maximum intensity, while the moderate thresholds represent early warning levels. Progressive Signal Detection The indicator tracks both threshold breaches and retreats from extreme zones. This dual-tracking approach captures not only when conditions become extreme but also when they begin to normalize—often the most actionable moments for position adjustments. Component Synergy The indicator's components work together through a continuous feedback loop: Calculation Engine: Continuously computes the core ratio, serving as the foundation for all subsequent analysis. Threshold Comparator: Compares the current ratio against user-defined thresholds, categorizing market conditions in real-time. Signal Generator: Identifies specific events (threshold crossings, zone entries/exits) and assigns appropriate visual representations. Visual Renderer: Displays the information through colored histograms, reference lines, and data tables, creating an intuitive interface. Alert System: Monitors for predefined conditions and notifies users of significant developments without requiring constant screen monitoring. This integrated approach transforms raw price data into structured, actionable information while maintaining mathematical rigor and visual clarity. Practical Application Guidelines Parameter Customization Users should adjust parameters based on: Asset volatility (higher volatility assets may require wider thresholds) Timeframe (longer timeframes may benefit from longer moving averages) Personal risk tolerance (conservative traders may use tighter thresholds) Signal Interpretation Framework Zone-Based Analysis: Focus on which zone the indicator occupies rather than chasing individual data points Confirmation Seeking: Use extreme zone signals (white/orange) as alerts for further analysis rather than automatic trade triggers Momentum Assessment: Observe how quickly the indicator moves between zones as a measure of trend strength Complementary Tools The Mayer Multiple works best when combined with: Volume analysis to confirm participation during extreme readings Momentum indicators to identify potential divergence Support/resistance levels for precise entry/exit timing Fundamental analysis for context validation Distinctive Attributes Original Implementation Features Progressive Color System: Unlike binary indicators, this implementation provides graduated signals through a carefully prioritized color hierarchy. Dual-Signal Detection: The indicator captures both threshold breaches and retreats, offering insights into momentum shifts rather than just static levels. Contextual Display: The integrated data table provides immediate access to key metrics without cluttering the chart space. Customizable Framework: All thresholds and calculation periods are adjustable, allowing adaptation to different market regimes and trading styles. Practical Innovation The indicator's design emphasizes usability through: Immediate visual comprehension via color coding Clear separation between alert conditions and confirmation signals Balanced information density (sufficient data without overload) Flexible integration with existing trading workflows Responsible Usage Considerations Empirical Perspective Historical analysis suggests that assets frequently revert toward their long-term moving averages, but the timing and extent of such reversions vary significantly. The indicator identifies statistical extremes rather than predicting immediate price movements. Risk Management Integration Users should: Treat extreme readings as risk management triggers rather than directional forecasts Consider position sizing based on distance from the moving average Implement stop-loss strategies regardless of indicator readings Avoid allocating excessive weight to any single indicator Performance Realism The indicator does not guarantee profitable outcomes. Its value lies in providing structured information about valuation extremes, which must be interpreted within broader market context and individual risk parameters. Conclusion The Mayer Multiple indicator represents a thoughtfully integrated approach to long-term valuation analysis. By combining mathematical rigor with behavioral insights and practical visualization, it provides traders with a structured framework for assessing market extremes. Its modular design allows customization while maintaining core analytical integrity, and its emphasis on graduated signals helps avoid the oversimplification common in technical indicators. When used as part of a comprehensive trading methodology with appropriate risk management, it can contribute valuable perspective to the decision-making process.
Pine Script® indicator
by neeson1987
RMA vs EMA Comparison ToolIf you're looking for a quick entry point to follow a trend, it's best to look at the EMA. If you need confirmation of a long-term trend change or are working with oscillators (like the RSI), use the RMA. What to look for on the chart: Reaction speed: You'll notice that the EMA (red line) adheres much more closely to the price. It reacts more quickly to sharp reversals or impulses. Smoothness: The RMA (blue line) appears smoother and "lazier." It changes direction more slowly, which helps filter out false signals (noise), but allows for a slightly later entry into a trade. Distance: During periods of strong trending, the RMA is usually further from the price than the EMA of the same period.
Pine Script® indicator
by jim4il