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SCTI V28Indicator Overview | 指标概述 English: SCTI V28 (Smart Composite Technical Indicator) is a multi-functional composite technical analysis tool that integrates various classic technical analysis methods. It contains 7 core modules that can be flexibly configured to show or hide components based on traders' needs, suitable for various trading styles and market conditions. 中文: SCTI V28 (智能复合技术指标) 是一款多功能复合型技术分析指标，整合了多种经典技术分析工具于一体。该指标包含7大核心模块，可根据交易者的需求灵活配置显示或隐藏各个组件，适用于多种交易风格和市场环境。 Main Functional Modules | 主要功能模块 1. Basic Indicator Settings | 基础指标设置 English: EMA Display: 13 configurable EMA lines (default shows 8/13/21/34/55/144/233/377/610/987/1597/2584 periods) PMA Display: 11 configurable moving averages with multiple MA types (ALMA/EMA/RMA/SMA/SWMA/VWAP/VWMA/WMA) VWAP Display: Volume Weighted Average Price indicator Divergence Indicator: Detects divergences across 12 technical indicators ATR Stop Loss: ATR-based stop loss lines Volume SuperTrend AI: AI-powered super trend indicator 中文: EMA显示：13条可配置EMA均线，默认显示8/13/21/34/55/144/233/377/610/987/1597/2584周期 PMA显示：11条可配置移动平均线，支持多种MA类型(ALMA/EMA/RMA/SMA/SWMA/VWAP/VWMA/WMA) VWAP显示：成交量加权平均价指标 背离指标：12种技术指标的背离检测系统 ATR止损：基于ATR的止损线 Volume SuperTrend AI：基于AI预测的超级趋势指标 2. EMA Settings | EMA设置 English: 13 independent EMA lines, each configurable for visibility and period length Default shows 21/34/55/144/233/377/610/987/1597/2584 period EMAs Customizable colors and line widths for each EMA 中文: 13条独立EMA均线，每条均可单独配置显示/隐藏和周期长度 默认显示21/34/55/144/233/377/610/987/1597/2584周期的EMA 每条EMA可设置不同颜色和线宽 3. PMA Settings | PMA设置 English: 11 configurable moving averages, each with: Selectable types (default EMA, options: ALMA/RMA/SMA/SWMA/VWAP/VWMA/WMA) Independent period settings (12-1056) Special ALMA parameters (offset and sigma) Configurable data source and plot offset Support for fill areas between MAs Price lines and labels can be added 中文: 11条可配置移动平均线，每条均可： 选择不同类型(默认EMA，可选ALMA/RMA/SMA/SWMA/VWAP/VWMA/WMA) 独立设置周期长度(12-1056) 设置ALMA的特殊参数(偏移量和sigma) 配置数据源和绘图偏移 支持MA之间的填充区域显示 可添加价格线和标签 4. VWAP Settings | VWAP设置 English: Multiple anchor period options (Session/Week/Month/Quarter/Year/Decade/Century/Earnings/Dividends/Splits) 3 configurable standard deviation bands Option to hide on daily and higher timeframes Configurable data source and offset settings 中文: 多种锚定周期选择(会话/周/月/季/年/十年/世纪/财报/股息/拆股) 3条可配置标准差带 可选择在日线及以上周期隐藏 支持数据源选择和偏移设置 5. Divergence Indicator Settings | 背离指标设置 English: 12 detectable indicators: MACD, MACD Histogram, RSI, Stochastic, CCI, Momentum, OBV, VWmacd, Chaikin Money Flow, MFI, Williams %R, External Indicator 4 divergence types: Regular Bullish/Bearish, Hidden Bullish/Bearish Multiple display options: Full name/First letter/Hide indicator name Configurable parameters: Pivot period, data source, maximum bars checked, etc. Alert functions: Independent alerts for each divergence type 中文: 检测12种指标：MACD、MACD柱状图、RSI、随机指标、CCI、动量、OBV、VWmacd、Chaikin资金流、MFI、威廉姆斯%R、外部指标 4种背离类型：正/负常规背离，正/负隐藏背离 多种显示选项：完整名称/首字母/不显示指标名称 可配置参数：枢轴点周期、数据源、最大检查柱数等 警报功能：各类背离的独立警报 6. ATR Stop Loss Settings | ATR止损设置 English: Configurable ATR length (default 13) 4 smoothing methods (RMA/SMA/EMA/WMA) Adjustable multiplier (default 1.618) Displays long and short stop loss lines 中文: 可配置ATR长度(默认13) 4种平滑方法(RMA/SMA/EMA/WMA) 可调乘数(默认1.618) 显示多头和空头止损线 7. Volume SuperTrend AI Settings | Volume SuperTrend AI设置 English: AI Prediction: Configurable neighbors (1-100) and data points (1-100) Price trend length and prediction trend length settings SuperTrend Parameters: Length (default 3) Factor (default 1.515) 5 MA source options (SMA/EMA/WMA/RMA/VWMA) Signal Display: Trend start signals (circle markers) Trend confirmation signals (triangle markers) 6 Alerts: Various trend start and confirmation signals 中文: AI预测功能： 可配置邻居数(1-100)和数据点数(1-100) 价格趋势长度和预测趋势长度设置 SuperTrend参数： 长度(默认3) 因子(默认1.515) 5种MA源选择(SMA/EMA/WMA/RMA/VWMA) 信号显示： 趋势开始信号(圆形标记) 趋势确认信号(三角形标记) 6种警报：各类趋势开始和确认信号 Usage Recommendations | 使用建议 English: Trend Analysis: Use EMA/PMA combinations to determine market trends, with long-period EMAs (e.g., 144/233) as primary trend references Divergence Trading: Look for potential reversals using price-indicator divergences Stop Loss Management: Use ATR stop loss lines for risk management AI Assistance: Volume SuperTrend AI provides machine learning-based trend predictions Multiple Timeframes: Verify signals across different timeframes 中文: 趋势分析：使用EMA/PMA组合判断市场趋势，长周期EMA(如144/233)作为主要趋势参考 背离交易：结合价格与指标的背离寻找潜在反转点 止损设置：利用ATR止损线管理风险 AI辅助：Volume SuperTrend AI提供基于机器学习的趋势预测 多时间框架：建议在不同时间框架下验证信号 Parameter Configuration Tips | 参数配置技巧 English: For short-term trading: Focus on 8-55 period EMAs and shorter divergence detection periods For long-term investing: Use 144-2584 period EMAs with longer detection parameters In ranging markets: Disable some EMAs, mainly rely on VWAP and divergence indicators In trending markets: Enable more EMAs and SuperTrend AI 中文: 对于短线交易：可重点关注8-55周期的EMA和较短的背离检测周期 对于长线投资：建议使用144-2584周期的EMA和较长的检测参数 在震荡市：可关闭部分EMA，主要依靠VWAP和背离指标 在趋势市：可启用更多EMA和SuperTrend AI Update Log | 更新日志 English: V28 main updates: Added Volume SuperTrend AI module Optimized divergence detection algorithm Added more EMA period options Improved UI and parameter grouping 中文: V28版本主要更新： 新增Volume SuperTrend AI模块 优化背离检测算法 增加更多EMA周期选项 改进用户界面和参数分组 Final Note | 最后说明 English: This indicator is suitable for technical traders with some experience. We recommend practicing with demo trading to familiarize yourself with all features before live trading. 中文: 该指标适合有一定经验的技术分析交易者使用，建议先通过模拟交易熟悉各项功能后再应用于实盘。
Pine Script® indicator
by SurveyCorpsTrader
Smart Order Blocks [Pro Version]Here’s a **clear, detailed "How It Works" explanation** for this indicator: --- ## ✅ **Smart Order Blocks \ – How It Works** ### **Purpose** This indicator detects **Order Blocks (OBs)** based on **pivot highs and lows**, and automatically marks **Bullish** and **Bearish OB zones** on the chart with optional extensions and alerts. It is designed to help traders identify **institutional price levels** where liquidity is often engineered for future price moves. --- ### **Customization Options** ✔ **Source** → Choose between Wicks or Bodies for OB calculation. ✔ **Pivot Settings** → Adjust sensitivity for detecting pivots. ✔ **Extend OBs** → Keep zones visible until tapped, or fix a specific width. ✔ **Show Labels** → Displays OB type and strength on chart. ✔ **Colors** → Configure Bullish, Bearish, and Invalid OB colors. --- ### **Practical Usage** * **Entry Strategy**: * Wait for price to **revisit a Bullish OB** in an uptrend → Long entry. * Wait for price to **revisit a Bearish OB** in a downtrend → Short entry. * Combine with: * **Market Structure (HH/HL or LH/LL)**. * **Confirmation signals** (e.g., candlestick pattern, break of structure). * **Risk Management** → Stop loss outside OB zone. --- ### ✅ **Summary in One Sentence** The indicator automatically identifies **institutional OB zones**, shows their strength, extends them until mitigated, and alerts you when price interacts with these key liquidity levels, helping you trade like Smart Money. ---
Pine Script® indicator
by MSultan74
Stock Table aiTrendviewProfessional Stock Market Monitoring Table (Pine Script v5) This indicator is a real-time multi-asset monitoring table designed for professional traders, analysts, and portfolio managers using TradingView. Built with Pine Script v5, it enables users to track up to 10 instruments (stocks, indices, forex pairs, cryptocurrencies, or commodities) in a unified table embedded directly into the chart. It is intended to streamline portfolio monitoring, cross-market analysis, and rapid visual comparison of asset performance. The core logic of this script involves retrieving live price data through TradingView’s request.security() function for each of the selected symbols. It calculates both absolute price change and percentage price change relative to the previous bar close. This ensures users can see real-time movements in each asset’s price. These calculations are updated at the close of every bar to optimize performance and reduce processing load using the barstate.islast condition. The display structure is dynamically generated using table.new() and related functions. Internally, the script stores symbol and price data in arrays for efficient processing. Symbols are cleaned to remove exchange prefixes (e.g., "NASDAQ:", "BINANCE:") so only the ticker name is displayed. Based on the selected layout (1 to 5 columns), the table auto-adjusts its row structure to maintain clarity and symmetry. Each cell reflects the ticker symbol, current price, and changes, with conditional formatting applied to indicate price movement direction using green (positive), red (negative), or neutral colors. Users can customize many visual elements including text size, color themes, transparency, table position, and whether headers are shown. The script includes built-in fallbacks for invalid symbols or empty data, ensuring robustness and uninterrupted performance during live market hours. Use cases include: Intraday traders monitoring multiple instruments simultaneously. Swing traders assessing relative strength and correlation. Portfolio managers scanning asset performance without switching charts. Analysts preparing multi-asset presentations or watchlists. To use the tool: Paste the Pine Script into the Pine Editor. Add the script to the chart. Enter your desired symbols via the input fields. Customize table position, layout, size, and color to suit your workspace. This script does not provide trade signals or financial advice. It is purely a market visualization and data presentation tool. All calculations are based on live chart data and are synchronized with the chart’s timeframe. Disclaimer from aiTrendview: This script is a visual tool developed for market awareness and comparative observation. It does not constitute financial advice or guarantee trading results. aiTrendview and its affiliates are not responsible for any losses arising from decisions made based on this tool. All trading involves risk, and past performance is not indicative of future results. Always consult with a qualified financial advisor before making trading decisions.
Pine Script® indicator
by aiTrendview-Charting-System
Key Session LevelsKey Session Levels - Indicator Guide Created by: MecarderoAurum Why This Indicator Exists: An Overview The "Key Session Levels" indicator is a comprehensive tool for day traders that automatically plots the most critical price levels from the current premarket and the previous two full trading days. These levels are watched by countless traders and often act as significant areas of support and resistance. This indicator provides a clear, objective map of these key zones, helping traders anticipate potential turning points, identify areas of confluence, and make more informed trading decisions without having to manually draw and manage these lines every day. Features & How to Use Them This indicator plots several types of important historical levels on your chart. Each one is fully customizable. 1. Premarket Levels (PMH / PML) What they are: The highest (PMH) and lowest (PML) prices reached during the current day's premarket session (04:00 - 09:30 ET). Why they matter: The premarket high and low are the first significant levels established for the trading day. They often act as initial support or resistance once the market opens. How to use them: In the settings under "Premarket Levels," you can toggle the visibility of the PMH and PML, and customize their color, line style, and width. 2. Prior Day Levels (PDH / PDL / PDM / PDP) What they are: The key price points from the previous full trading day. PDH: Prior Day High PDL: Prior Day Low PDM: Prior Day Midpoint (the exact middle of the PDH and PDL) PDP: Prior Day Pivot (a classic pivot point calculation) Why they matter: These are often the most important levels for the current trading day. The market frequently tests the previous day's high and low. How to use them: Under the "Prior Day" settings, you can enable or disable each of these four levels and customize their appearance. 3. 2-Day Prior Levels (PDH2 / PDL2 / etc.) What they are: The same set of key levels (High, Low, Mid, Pivot) from two trading days ago. Why they matter: These levels can still be highly relevant, especially if the market is trading within a multi-day range or returning to test a significant prior level. How to use them: Under the "2-Day Prior" settings, you can customize the visibility and style of these levels. They are styled with more transparency by default to distinguish them from the more recent prior day's levels. 4. General Settings Days of History: This setting allows you to control how many past days of historical lines are kept on your chart. This is excellent for back-testing strategies and seeing how price has reacted to these levels in the past. Label Settings: You can customize the color and size of the on-chart labels (e.g., "PDH," "PML") for better visibility. Sample Strategy: The Key Level Rejection This strategy focuses on using the indicator's levels to identify potential reversals at key areas of support or resistance. Identify a Key Level: Watch as the price approaches a significant level plotted by the indicator, such as the Prior Day High (PDH) or the Premarket Low (PML). Look for Rejection: Do not trade simply because the price touches the level. Wait for a price action signal that confirms the level is holding. This could be a bearish engulfing candle or a shooting star pattern at a resistance level like PDH, or a bullish hammer or morning star pattern at a support level like PML. Entry: Once you see a clear rejection candle, enter a trade in the direction of the rejection. For a bearish rejection at the PDH, you would enter a short position. Stop-Loss: A logical place for a stop-loss is just above the high of the rejection candle (for a short trade) or just below the low of the rejection candle (for a long trade). This defines your risk clearly. Profit Target: Your first profit target could be the next key level plotted by the indicator. For example, if you shorted a rejection at the PDH, your first target might be the Premarket High (PMH) or the day's opening price.
Pine Script® indicator
by MercaderoAurum
tdx_MACD指标采用中国用户常用的股票期货类macd，符合中国用户常用的macd,另外这套macd匹配本ID的缠论指标使用，默认参数12 26 9，使用收盘价，可以自己修改参数 Adopting the stock and futures-oriented MACD commonly used by Chinese users, this MACD aligns with the commonly used MACD among Chinese users. Additionally, this set of MACD matches the Chuan Theory indicators of this ID. The default parameters are 12, 26, and 9, using closing prices. You can modify the parameters yourself
Pine Script® indicator
by gaoguifeng
1
Harmonic BloomHarmonic Bloom - Advanced Geometric Analysis Building upon my previous Fibonacci inspired indicator "TrendZone", Harmonic Bloom is a sophisticated geometric trading indicator inspired by W.D. Gann's legendary market geometry principles. It reveals market structure through three key pivot points and dynamic angular analysis, creating powerful harmonic intersections for precision trading. 🎯 Core Features: 📍 Three-Point Gann System: Set 3 custom pivot points to define your analysis timeframe Automatic trend detection (bullish/bearish) between pivots Dynamic geometric box construction following Gann's square principles 📐 Gann-Style 45° Angle Projections: Pivot 2 Line: Follows trend direction (up if bullish, down if bearish) Pivot 3 Line: Creates opposition (opposite direction to Pivot 2) Corner Line: Mirrors Pivot 2 from appropriate box corner All angles project forward using Gann's 1x1 (45°) methodology for future price targets ⚡ POWER OF HARMONIC INTERSECTIONS: Confluence Zones: Where multiple 45° angles intersect create the strongest support/resistance Geometric Harmony: Intersections represent natural market turning points Time-Price Balance: Following Gann's principle that time and price must be in harmony Multiple Timeframe Resonance: Intersection points often align across different timeframes High-Probability Reversals: Markets frequently respect these geometric intersection levels 📊 Customizable Retracement Levels: 8 fully configurable levels (default: 0.0, 0.25, 0.5, 0.75, 1.0, 1.25, 1.5, 1.75) Choose between 25% or 50% trendline alignment Individual style controls for each level 🔢 Advanced Gann Analytics: Fibonacci sequence detection in bar counts (Gann studied natural number sequences) Numerology sum analysis on pivot prices (Gann's mystical number approach) Special highlighting for significant numbers Optional on-chart labels for key metrics 📈 Trading Applications: ✅ Support/Resistance: Use retracement levels for entry/exit points ✅ Gann Angles: 45° lines show momentum direction and strength following Gann's time-price theory ✅ Intersection Trading: Most powerful signals occur at harmonic intersections where multiple angles converge ✅ Price Targets: Forward projections provide future price objectives using Gann's geometric principles ✅ Market Geometry: Identify harmonic patterns and geometric confluences ✅ Time Analysis: Fibonacci-based bar counting for timing decisions (Gann emphasized time cycles) 🌟 Why Harmonic Intersections Are So Powerful: Gann believed that markets move in geometric harmony, and when multiple angles intersect, they create "magnetic price levels" where: Maximum Energy Convergence: Multiple geometric forces meet at one point Natural Turning Points: Markets respect these intersections as natural support/resistance Time-Price Synchronicity: Intersections often coincide with significant time cycles Multi-Dimensional Confirmation: Price, time, and geometry align simultaneously ⚙️ Highly Customizable: All colors, widths, and styles adjustable Toggle any feature on/off independently Extend projections beyond the analysis box Choose your preferred visual presentation Perfect for traders who use Gann theory, geometric analysis, harmonic patterns, and mathematical market structure. The true power lies in trading the intersection points where multiple harmonic angles converge - these represent the market's most significant geometric turning points.
Pine Script® indicator
by polyslyme
14
EURUSD Kill Zone [Plazo Sullivan Roche Capital]EUR/USD Kil Zone Core Logic: Navigating the New‑York Kill‑Zone The EUR/USD Killzone is designed to exploit repeatable patterns that occur during the overlap of the London and New‑York trading sessions. Research shows that the New‑York “kill zone”—roughly 07:00–09:00 EST—produces the most dramatic moves in EUR‑ and USD‑linked currency pairs During this window, large institutions often sweep out liquidity resting above or below the Asian and early‑London session extremes , triggering sharp reversals before a new intraday trend emerges. This is in contrast to the single pre-market sweeps occuring for GOLD/ This modeul uses ICT/Smart Money Concepts to read these patterns and waits for three confirmations before signalling a trade: Liquidity Sweep & Rejection. Price must spike beyond the combined Asian and early‑London range and then reject that area (a sharp wick and opposite‑coloured candle), signalling that stops have been cleared. The module defines the Asian range from 00:00–05:00 EST and the London range from 02:00–05:00 EST, following the guideline that overlapping sessions produce the greatest volatility Market Structure Break. It then waits for the 5‑minute price to close beyond the most recent swing high/low (pivot), confirming that a genuine shift in order flow has occurred rather than a simple stop‑run. Fair‑Value‑Gap (FVG) Re‑Test. Upon the break, the script records the high and low of that 5‑minute “displacement” candle and defines a fair‑value gap—the imbalance between buyers and sellers. Rather than entering immediately, it sets a virtual limit order at the 50 % level of this gap. A trade is only triggered once price retraces to this mid‑point, providing a high‑probability, high‑reward entry. These three filters help avoid common pitfalls when trading kill zones, such as false breakouts and news‑driven whipsaws. The indicator also monitors higher‑timeframe bias (4‑hour and daily charts) using 50‑ and 200‑period moving averages to gauge whether the intraday signal aligns with the broader trend. Feature Set The indicator provides a suite of visual and analytical tools to support disciplined trading: Session Range Mapping: automatically draws the Asian (00:00–05:00 EST) and London (02:00–05:00 EST) session highs and lows, making it easy to see when price sweeps these levels. Kill‑Zone Monitoring: a built‑in timer isolates the 07:30–09:00 EST window and limits the indicator to one trade per session to avoid over‑trading. Pivot‑Break Detection: uses 5‑minute swing highs/lows to confirm that order flow has shifted before looking for entries. Fair‑Value‑Gap Re‑test: defines an FVG from the displacement candle and waits for a 50 % retrace before triggering a signal. This improves risk‑to‑reward by entering at a discount (for longs) or premium (for shorts). Higher‑Timeframe Dashboard: displays bullish/bearish/neutral biases on the 4‑hour and daily charts, plus a confidence rating (0–2) indicating how many of these timeframes agree with the signal direction. Alerts: optional alerts can be configured for buy‑only, sell‑only or either‑direction signals. Best Practices for Use Align with Major Volatility Windows. The indicator is most effective during the New‑York kill zone. Avoid trading outside this window, and be aware of high‑impact news (e.g., FOMC announcements) that can distort price action Check Higher‑Timeframe Bias. Use the dashboard to ensure the intraday signal aligns with the 4‑hour and daily trends. For instance, a long signal that aligns with a bullish daily bias carries higher conviction than one going against it. Manage Risk Responsibly. Even with multiple filters, no strategy is foolproof. Use stop‑loss orders just beyond the liquidity sweep and size positions appropriately. Combine with Fundamental Awareness. Check your economic calendar for European and U.S. data releases. If an important release occurs during the kill zone, consider standing aside or reducing risk. Back‑test and Forward‑Test. Always validate the strategy across different market conditions and broker feeds. Pay attention to how spreads, volatility and news events influence the indicator. Use as Part of a Toolkit. Consider combining the indicator with other confirmation tools such as momentum oscillators, volume analysis or price‑action patterns to refine entries further. Smart‑Money Concepts often use confluence, not a single signal. What's in It for You? The EUR/USD Liquidity Sweep Indicator distils institutional concepts—liquidity hunts, market‑structure shifts and fair‑value gaps—into an intuitive, automated tool. By waiting for a retrace into the displacement candle’s imbalance, it helps capture trades where risk‑to‑reward is skewed strongly in your favour. The dashboard encourages you to trade with the higher‑timeframe trend, and built‑in alerts ensure you never miss an opportunity. In volatile kill‑zone environments, discipline and patience are vital. This indicator enforces both: it tracks session ranges, confirms structure, waits for a retrace, and triggers only when multiple conditions align. Coupled with sound risk management and your own judgement, it can become a cornerstone of a high‑probability trading plan. Always remember that markets evolve. Continue to refine the indicator and your strategy as you gather more experience and data. The learning journey never ends, but this tool is designed to accelerate it.
Pine Script® indicator
by PlazoSullivanRocheCapital
1
Qabas HPC ProQabas HPC Pro - Ultimate (Turbo) Advanced Market Compression & Breakout Detection The Qabas HPC Pro - Ultimate (Turbo) indicator is a powerful market analysis tool designed to identify High-Precision Compression (HPC) zones, true breakout candles, and volume-based warning signals. Built with performance and adaptability in mind, this indicator helps traders detect key price levels where momentum builds up before explosive moves. 🔍 Key Features: • HPC Zone Detection: Automatically identifies compressed price ranges with low volatility and balanced volume—ideal zones for potential breakouts. • Smart Breakout Alerts: Highlights real breakout candles with strong price action and high volume, filtering out noise and false signals. • Warning Candles: Semi-strong candles are marked as early signs of volatility shifts. • Adaptive Settings: Automatically adjusts sensitivity based on chart timeframe for optimal signal quality. • Dynamic Coloring: Candles are color-coded for easy visual recognition: • 🟧 True Explosion – High volume + breakout movement (Orange) • 🟣 Warning Candle – Medium strength signals (Purple) • 🔵 HPC Candles – Optional coloring for standard compression zones (Blue) • 🔴 Breakouts – Marked level lines turn red upon confirmation • Smart Line Management: Efficient line handling ensures clean visuals and fast performance, even on lower timeframes. • Customizable: Fine-tune levels, colors, and intensity to fit your trading strategy. ✅ Best For: • Scalpers and day traders on lower timeframes • Swing traders identifying breakout zones • Volume and volatility-based trading strategies Developed with a smart adaptive algorithm, Qabas HPC Pro offers an edge for traders looking to time entries around periods of market compression and breakout.
Pine Script® indicator
by Qabas_Algo
Volume Footprint Anomaly Scanner [PhenLabs]📊 PhenLabs - Volume Footprint Anomaly Scanner (VFAS) Version: PineScript™ v6 📌 Description The PhenLabs Volume Footprint Anomaly Scanner (VFAS) is an advanced Pine Script indicator designed to detect and highlight significant imbalances in buying and selling pressure within individual price bars. By analyzing a calculated "Delta" – the net difference between estimated buy and sell volume – and employing statistical Z-score analysis, VFAS pinpoints moments when buying or selling activity becomes unusually dominant. This script was created not in hopes of creating a "Buy and Sell" indicator but rather providing the user with a more in-depth insight into the intrabar volume delta and how it can fluctuate in unusual ways, leading to anomalies that can be capitalized on. This indicator helps traders identify high-conviction points where strong market participants are active, signaling potential shifts in momentum or continuation of a trend. It aims to provide a clearer understanding of underlying market dynamics, allowing for more informed decision-making in various trading strategies, from identifying entry points to confirming trend strength. 🚀 Points of Innovation ●​ Z-Score for Delta Analysis : Utilizes statistical Z-scores to objectively identify statistically significant anomalies in buying/selling pressure, moving beyond simple, arbitrary thresholds. ●​ Dynamic Confidence Scoring : Assigns a multi-star confidence rating (1-4 stars) to each signal, factoring in high volume, trend alignment, and specific confirmation criteria, providing a nuanced view of signal strength. ●​ Integrated Trend Filtering : Offers an optional Exponential Moving Average (EMA)-based trend filter to ensure signals align with the broader market direction, reducing false positives in ranging markets. ●​ Strict Confirmation Logic : Implements specific confirmation criteria for higher-confidence signals, including price action and a time-based gap from previous signals, enhancing reliability. ●​ Intuitive Info Dashboard : Provides a real-time summary of market trend and the latest signal's direction and confidence directly on the chart, streamlining information access. 🔧 Core Components ●​ Core Delta Engine : Estimates the net buying/selling pressure (bar Delta) by analyzing price movement within each bar relative to volume. It also calculates average volume to identify bars with unusually high activity. ●​ Anomaly Detection (Z-Score) : Computes the Z-score for the current bar's Delta, indicating how many standard deviations it is from its recent average. This statistical measure is central to identifying significant anomalies. ●​ Trend Filter : Utilizes a dual Exponential Moving Average (EMA) cross-over system to define the prevailing market trend (uptrend, downtrend, or range), providing contextual awareness. ●​ Signal Processing & Confidence Algorithm : Evaluates anomaly conditions against trend filters and confirmation rules, then calculates a dynamic confidence score to produce actionable, contextualized signal information. 🔥 Key Features ●​ Advanced Delta Anomaly Detection : Pinpoints bars with exceptionally high buying or selling pressure, indicating potential institutional activity or strong market conviction. ●​ Multi-Factor Confidence Scoring : Each signal comes with a 1-4 star rating, clearly communicating its reliability based on high volume, trend alignment, and specific confirmation criteria. ●​ Optional Trend Alignment : Users can choose to filter signals, so only those aligned with the prevailing EMA-defined trend are displayed, enhancing signal quality. ●​ Interactive Signal Labels : Displays compact labels on the chart at anomaly points, offering detailed tooltips upon hover, including signal type, direction, confidence, and contextual information. ●​ Customizable Bar Colors : Visually highlights bars with Delta anomalies, providing an immediate visual cue for strong buying or selling activity. ●​ Real-time Info Dashboard : A clean, customizable dashboard shows the current market trend and details of the latest detected signal, keeping key information accessible at a glance. ●​ Configurable Alerts : Set up alerts for bullish or bearish Delta anomalies to receive real-time notifications when significant market pressure shifts occur. 🎨 Visualization Signal Labels : * Placed at the top/bottom of anomaly bars, showing a "📈" (bullish) or "📉" (bearish) icon. * Tooltip: Hovering over a label reveals detailed information: Signal Type (e.g., "Delta Anomaly"), Direction, Confidence (e.g., "★★★☆"), and a descriptive explanation of the anomaly. * Interpretation: Clearly marks actionable signals and provides deep insights without cluttering the chart, enabling quick assessment of signal strength and context. ●​ Info Dashboard : * Located at the top-right of the chart, providing a clean summary. * Displays: "PhenLabs - VFAS" header, "Market Trend" (Uptrend/Downtrend/Range with color-coded status), and "Direction | Conf." (showing the last signal's direction and star confidence). * Optional "💡 Hover over signals for details" reminder. * Interpretation: A concise, real-time summary of the market's pulse and the most recent high-conviction event, helping traders stay informed at a glance. 📖 Usage Guidelines Setting Categories ⚙️ Core Delta & Volume Engine ●​ Minimum Volume Lookback (Bars) ○​ Default: 9 ○​ Range: Integer (e.g., 5-50) ○​ Description: Defines the number of preceding bars used to calculate the average volume and delta. Bars with volume below this average won't be considered for high-volume signals. A shorter lookback is more reactive to recent changes, while a longer one provides a smoother average. 📈 Anomaly Detection Settings Delta Z-Score Anomaly Threshold ○​ Default: 2.5 ○​ Range: Float (e.g., 1.0-5.0+) ○​ Description: The number of standard deviations from the mean that a bar's delta must exceed to be considered a significant anomaly. A higher threshold means fewer, but potentially stronger, signals. A lower threshold will generate more signals, which might include less significant events. Experiment to find the optimal balance for your trading style. 🔬 Context Filters Enable Trend Filter ○​ Default: False ○​ Range: Boolean (True/False) ○​ Description: When enabled, signals will only be generated if they align with the current market trend as determined by the EMAs (e.g., only bullish signals in an uptrend, bearish in a downtrend). This helps to filter out counter-trend noise. ●​ Trend EMA Fast ○​ Default: 50 ○​ Range: Integer (e.g., 10-100) ○​ Description: The period for the faster Exponential Moving Average used in the trend filter. In combination with the slow EMA, it defines the trend direction. ●​ Trend EMA Slow ○​ Default: 200 ○​ Range: Integer (e.g., 100-400) ○​ Description: The period for the slower Exponential Moving Average used in the trend filter. The relationship between the fast and slow EMA determines if the market is in an uptrend (fast > slow) or downtrend (fast < slow). 🎨 Visual & UI Settings ●​ Show Info Dashboard ○​ Default: True ○​ Range: Boolean (True/False) ○​ Description: Toggles the visibility of the dashboard on the chart, which provides a summary of market trend and the last detected signal. ●​ Show Dashboard Tooltip ○​ Default: True ○​ Range: Boolean (True/False) ○​ Description: Toggles a reminder message in the dashboard to hover over signal labels for more detailed information. ●​ Show Delta Anomaly Bar Colors ○​ Default: True ○​ Range: Boolean (True/False) ○​ Description: Enables or disables the coloring of bars based on their delta direction and whether they represent a significant anomaly. ●​ Show Signal Labels ○​ Default: True ○​ Range: Boolean (True/False) ○​ Description: Controls the visibility of the “📈” or “📉” labels that appear on the chart when a delta anomaly signal is generated. 🔔 Alert Settings ​ Alert on Delta Anomaly ○​ Default: True ○​ Range: Boolean (True/False) ○​ Description: When enabled, this setting allows you to set up alerts in TradingView that will trigger whenever a new bullish or bearish delta anomaly is detected. ✅ Best Use Cases ​ Early Trend Reversal / Continuation Detection: Identify strong surges of buying/selling pressure at key support/resistance levels that could indicate a reversal or the continuation of a strong move. ●​ Confirmation of Breakouts: Use high-confidence delta anomalies to confirm the validity of price breakouts, indicating strong conviction behind the move. ●​ Entry and Exit Points: Pinpoint precise entry opportunities when anomalies align with your trading strategy, or identify potential exhaustion signals for exiting trades. ●​ Scalping and Day Trading: The indicator’s sensitivity to intraday buying/selling imbalances makes it highly effective for short-term trading strategies. ●​ Market Sentiment Analysis: Gain a real-time understanding of underlying market sentiment by observing the prevalence and strength of bullish vs. bearish anomalies. ⚠️ Limitations Estimated Delta: The script uses a simplified method to estimate delta based on bar close relative to its range, not actual order book or footprint data. While effective, it’s an approximation. ●​ Sensitivity to Z-Score Threshold: The effectiveness heavily relies on the `Delta Z-Score Anomaly Threshold`. Too low, and you’ll get many false positives; too high, and you might miss valid signals. ●​ Confirmation Criteria: The 4-star confidence level’s “confirmation” relies on specific subsequent bar conditions and previous confirmed signals, which might be too strict or specific for all contexts. ●​ Requires Context: While powerful, VFAS is best used in conjunction with other technical analysis tools and price action to form a comprehensive trading strategy. It is not a standalone “buy/sell” signal. 💡 What Makes This Unique Statistical Rigor: The application of Z-score analysis to bar delta provides an objective, statistically-driven way to identify true anomalies, moving beyond arbitrary thresholds. ●​ Multi-Factor Confidence Scoring: The unique 1-4 star confidence system integrates multiple market dynamics (volume, trend alignment, specific follow-through) into a single, easy-to-interpret rating. ●​ User-Friendly Design: From the intuitive dashboard to the detailed signal tooltips, the indicator prioritizes clear and accessible information for traders of all experience levels. 🔬 How It Works 1. Bar Delta Calculation: ●​ The script first estimates the “buy volume” and “sell volume” for each bar. This is done by assuming that volume proportional to the distance from the low to the close represents buying, and volume proportional to the distance from the high to the close represents selling. ●​ How this contributes: This provides a proxy for the net buying or selling pressure (delta) within that specific price bar, even without access to actual footprint data. 2. Volume & Delta Z-Score Analysis: ●​ The average volume over a user-defined lookback period is calculated. Bars with volume less than twice this average are generally considered of lower interest. ●​ The Z-score for the calculated bar delta is computed. The Z-score measures how many standard deviations the current bar’s delta is from its average delta over the `Minimum Volume Lookback` period. ●​ How this contributes: A high positive Z-score indicates a bullish delta anomaly (significantly more buying than usual), while a high negative Z-score indicates a bearish delta anomaly (significantly more selling than usual). This identifies statistically unusual levels of pressure. 3. Trend Filtering (Optional): ●​ Two Exponential Moving Averages (Fast and Slow EMA) are used to determine the prevailing market trend. An uptrend is identified when the Fast EMA is above the Slow EMA, and a downtrend when the Fast EMA is below the Slow EMA. ●​ How this contributes: If enabled, the indicator will only display bullish delta anomalies during an uptrend and bearish delta anomalies during a downtrend, helping to confirm signals within the broader market context and avoid counter-trend signals. 4. Signal Generation & Confidence Scoring: ●​ When a delta Z-score exceeds the user-defined anomaly threshold, a signal is generated. ●​ This signal is then passed through a multi-factor confidence algorithm (`f_calculateConfidence`). It awards stars based on: high volume presence, alignment with the overall trend (if enabled), and a fourth star for very strong Z-scores (above 3.0) combined with specific follow-through candle patterns after a cooling-off period from a previous confirmed signal. ●​ How this contributes: Provides a qualitative rating (1-4 stars) for each anomaly, allowing traders to quickly assess the potential significance and reliability of the signal. 💡 Note: The PhenLabs Volume Footprint Anomaly Scanner is a powerful analytical tool, but it’s crucial to understand that no indicator guarantees profit. Always backtest and forward-test the indicator settings on your chosen assets and timeframes. Consider integrating VFAS with your existing trading strategy, using its signals as confirmation for entries, exits, or trend bias. The Z-score threshold is highly customizable; lower values will yield more signals (including potential noise), while higher values will provide fewer but potentially higher-conviction signals. Adjust this parameter based on market volatility and your risk tolerance. Remember to combine statistical insights from VFAS with price action, support/resistance levels, and your overall market outlook for optimal results.
Pine Script® indicator
by PhenLabs
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