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Black Camel Candles Pinpoint panic bottoms and euphoria tops with RSI extremes + % distance from MA + volume spikes. Colors candles and plots triangles at signals. Includes ready-to-use alerts. # Full description **Capitulation Finder (Candle Style)** highlights exhaustion moves in both directions by combining three classic filters: * **Momentum:** RSI at extreme levels (oversold/overbought). * **Stretch:** Price beyond a **% distance** from a chosen Moving Average (SMA/EMA/WMA/VWMA). * **Participation:** **Volume spike** vs. its SMA. When all conditions align: * **Bullish capitulation** → candle colored **green** with a **triangle up** below the bar. * **Bearish capitulation** → candle colored **red** with a **triangle down** above the bar. The script also includes “confirmation” alerts (RSI extreme + high volume) for traders who want earlier heads-ups without the MA-distance filter. ## Inputs * **RSI Length**, **Oversold**, **Overbought** * **MA Type** (SMA/EMA/WMA/VWMA), **MA Length** * **Distance from MA (%)** (stretch threshold) * **Volume Average Length**, **Volume Multiplier** * **Show capitulation triangles** (on/off) ## Alerts * Bullish Capitulation * Bearish Capitulation * Oversold Confirmation * Overbought Confirmation Tip: set alerts to **Once Per Bar Close** for confirmed signals. ## How to use * Look for green signals near support for mean-reversion bounces; red signals near resistance for exhaustion/fade setups. * Works on any market/timeframe. Tune parameters to volatility and instrument. **Starter presets:** * **US equities (D/4H):** MA 50, Dist 5–8%, Vol Mult 1.3–1.6, RSI 30/70. * **Crypto (4H/1H):** MA 100, Dist 6–10%, Vol Mult 1.5–2.0, RSI 25/75. **Note:** Signals are computed on the active timeframe and can toggle intrabar. For stability, prefer bar-close alerts. **Disclaimer:** For educational purposes only; not financial advice. **Suggested tags:** rsi, volume, moving average, capitulation, mean reversion, trend exhaustion, crypto, stocks
Pine Script® indicator
by Moaweya_alhmoud
DetradesThis TradingView indicator, created by Detrades, serves multiple functions to assist traders in making informed decisions. It displays the projection of HTF (Higher Time Frame) candles, allowing users to choose the timeframe that best suits their needs. The indicator also highlights sweep liquidity high/low candles on HTF candles, providing a clearer view of market behavior. Additionally, it includes a CISD (Change In Structure Detection) feature to confirm trend reversals on LTF (Lower Time Frame) candles, which is often used for entry signals. The indicator also offers a customizable watermark for personalization, ensuring a tailored trading experience.
Pine Script® indicator
by detradesedudtrs
8
Measured Move Volume XIndicator Description The "Measured Move Volume X" indicator, developed for TradingView using Pine Script version 6, projects potential price targets based on the measured move concept, where the magnitude of a prior price leg (Leg A) is used to forecast a subsequent move. It overlays translucent boxes on the chart to visualize bullish (green) or bearish (red) price projections, extending them to the right for a user-specified number of bars. The indicator integrates volume analysis (relative to a simple moving average), RSI for momentum, and VWAP for price-volume weighting, combining these into a confidence score to filter entry signals, displayed as triangles on breakouts. Horizontal key level lines (large, medium, small) are drawn at significant price points derived from the measured moves, with customizable thresholds, colors, and styles. Exhaustion hints, shown as orange labels near box extremes, indicate potential reversal points. Anomalous candles, marked with diamond shapes, are identified based on volume spikes and body-to-range ratios. Optional higher timeframe candle coloring enhances context. The indicator is fully customizable through input groups for lookback periods, transparency, and signal weights, making it adaptable to various assets and timeframes. Adjustment Tips for Optimization To optimize the "Measured Move Volume X" indicator for specific assets or timeframes, adjust the following input parameters: Leg A Lookback (default: 14 bars): Increase to 20-30 for volatile markets (e.g., cryptocurrencies) to capture larger price swings; decrease to 5-10 for intraday charts (e.g., stocks) for faster signals. Extend Box to the Right (default: 30 bars): Extend to 50+ for daily or weekly charts to project further targets; shorten to 10-20 for lower timeframes to reduce clutter. Volume SMA Length (default: 20) and Relative Volume Threshold (default: 1.5): Lower the threshold to 1.2-1.3 for low-volume assets (e.g., commodities) to detect subtler spikes; raise to 2.0+ for high-volume equities to filter noise. Match SMA length to RSI length for consistency. RSI Parameters (default: length 14, overbought 70, oversold 30): Set overbought to 80 and oversold to 20 in trending markets to reduce premature exit signals; shorten length to 7-10 for scalping. Key Level Thresholds (default: large 10%, medium 5%, small 5%): Increase thresholds (e.g., large to 15%) for volatile assets to focus on significant moves; disable medium or small lines to declutter charts. Confidence Score Weights (default: volume 0.5, VWAP 0.3, RSI 0.2): Increase volume weight (e.g., 0.7) for volume-driven markets like futures; emphasize RSI (e.g., 0.4) for momentum-focused strategies. Anomaly Detection (default: volume multiplier 1.5, small body ratio 0.2, large body ratio 0.75): Adjust the volume multiplier higher for stricter anomaly detection in noisy markets; fine-tune body-to-range ratios based on asset-specific candle patterns. Use TradingView’s replay feature to test adjustments on historical data, ensuring settings suit the chosen market and timeframe. Tips for Using the Indicator Interpreting Signals: Green upward triangles indicate bullish breakout entries when price exceeds the prior high with a confidence score ≥40; red downward triangles signal bearish breakouts. Use these to identify potential entry points aligned with the projected box targets. Box Projections: Bullish boxes project upward targets (top of box) equal to the prior leg’s height added to the breakout price; bearish boxes project downward. Monitor price action near box edges for target completion or reversal. Exhaustion Hints: Orange labels near box tops (bullish) or bottoms (bearish) suggest potential exhaustion when price deviates within the set percentage (default: 5%) and RSI or volume conditions are met. Use these as cues to watch for reversals. Key Level Lines: Large, medium, and small lines mark significant price levels from box tops/bottoms. Use these as potential support/resistance zones, especially when drawn with high volume (colored differently). Anomaly Candles: Orange diamonds highlight candles with unusual volume/body characteristics, indicating potential reversals or pauses. Combine with box levels for context. Higher Timeframe Coloring: Enable to color bars based on higher timeframe candle closures (e.g., 1, 2, 5, or 15 minutes) for added trend context. Customization: Toggle "Only Show Bullish Moves" to focus on bullish setups. Adjust transparency and line styles for visual clarity. Test settings to balance signal frequency and chart readability. Inputs: Organized into groups (e.g., "Measured Move Settings") using input.int, input.float, input.color, and input.bool for user customization, with tooltips for clarity. Calculations: Computes relative volume (ta.sma(volume, volLookback)), VWAP (ta.vwap(hlc3)), RSI (ta.rsi(close, rsiLength)), and prior leg extremes (ta.highest/lowest) using prior bar data ( ) to prevent repainting. Boxes and Lines: Creates boxes (box.new) for bullish/bearish projections and lines (line.new) for key levels. The f_addLine function manages line arrays (array.new_line), capping at maxLinesCount to avoid clutter. Confidence Score: Combines volume, VWAP distance, and RSI into a weighted score (confScore), filtering entries (≥40). Rounded for display. Exhaustion Hints: Functions like f_plotBullExitHint assess price deviation, RSI, and volume decrease, using label.new for dynamic orange labels. Entry Signals and Plots: plotshape displays triangles for breakouts; plot and hline show VWAP and RSI levels; request.security handles higher timeframe coloring. Anomaly Detection: Identifies candles with small-body high-volume or large-body average-volume patterns via ratios, plotted as diamonds.
Pine Script® indicator
by kwsatterfield1
2
KA DO % Levels v6 - Fixed ListShort (recommended) KA DO % Levels v6 – Fixed List (Invite-only) Plots symmetric percentage levels around the Daily Open (DO). The DO is computed so it stays identical across 4H, 1H, and 5m. Levels: ±0.236%, ±0.382%, ±0.50%, ±0.812%, ±1.00%, ±1.382%, ±1.500%, ±1.618%, ±2.00 Inputs: show DO, show labels, line width, per-level toggles. Alert: Cross DO % triggers when price crosses any level. For educational use only. Not financial advice. Extended (if you have more space) KA DO % Levels v6 – Fixed List (Invite-only) This indicator draws the Daily Open (DO) and symmetric percentage levels around it. The DO is calculated to remain consistent across timeframes (4H/1H/5m), avoiding the usual discrepancies from timeframe or candle type. What it does • Plots DO + levels: ±0.236%, ±0.382%, ±0.50%, ±0.812%, ±1.00%, ±1.382%, ±1.500%, ±1.618%, ±2.00 • Optional labels showing % and price • One alert condition: “Cross DO %” (fires when price crosses any plotted level)
Pine Script® indicator
by kevinagustin
RenKagi Fusion: Aura & SMA Clash IndicatorRenKagi Fusion: Aura & SMA Clash Indicator Welcome to the RenKagi Fusion Indicator – a powerful, customizable tool that blends the strengths of Renko and Kagi charts to provide noise-filtered trend insights, enhanced with visual Aura effects and SMA (Simple Moving Average) crossover signals. Designed for traders seeking a unique edge in trend detection and reversal identification, this indicator combines traditional charting techniques with modern visualizations to help you navigate markets more effectively. Whether you're trading stocks, forex, or crypto, RenKagi Fusion offers a clean, actionable overview of market dynamics. Key Features RenKagi Line (Weighted Fusion of Renko and Kagi): The core of the indicator is the RenKagi line, a weighted average of Renko (brick-based trend filtering) and Kagi (reversal-focused line charts). Users can adjust the weight (default: 60% Renko, 40% Kagi) to prioritize stability or sensitivity. This fusion reduces market noise while highlighting key price movements. Trend Scoring System: Calculates strength scores for Renko, Kagi, and RenKagi (capped at 20 points, converted to percentages). Scores increase with trend continuation and reset on reversals, giving a quantitative measure of momentum. Aura Effects (Optional): Visual "glow" around lines based on score percentage – higher scores mean more opaque and thicker auras, adding a dynamic layer to trend visualization. SMA Clash (Crossover Detection): Monitors daily SMA50, SMA100, and SMA200 for golden/death crosses (SMA50 crossing above/below longer SMAs) and RenKagi-SMA crossovers. These are displayed in a persistent info table for quick reference. Customizable Visuals: Toggle lines, boxes, shapes, auras, and labels. Background coloring based on selected source (Renko, Kagi, or RenKagi) for intuitive trend bias. Info Table: A configurable table (position and colors adjustable) summarizing scores, directions, cross states, brick size (with type), Kagi reversal (with type), and weights. No clutter – all in one place. Alert Conditions: Built-in alerts for direction changes (Renko, Kagi, RenKagi), SMA crossovers, and golden/death crosses – perfect for real-time notifications. How It Works Renko Logic: Builds bricks based on user-selected type (Traditional fixed size, ATR dynamic, or Percentage). Scores build as trends persist, resetting on reversals. Kagi Logic: Line reverses on thresholds (Traditional, ATR, or Percentage), scoring continuous moves. RenKagi Calculation: Weighted average: (renkoPrice * renkoWeight + kagiLine * (100 - renkoWeight)) / 100. Score is a blend of individual scores. SMA Integration: Daily timeframe SMAs for reliable long-term signals. Crossovers trigger alerts and update table states persistently until reversed. Advantages for Traders Noise Reduction: By fusing Renko's block structure with Kagi's reversal focus, it filters out minor fluctuations, helping identify strong trends early. Versatility: Fully customizable – adjust weights, types, and visuals to fit any market or timeframe. Ideal for swing trading, trend following, or scalping. Visual Clarity: Aura and background coloring provide at-a-glance insights, while the table consolidates data without overwhelming the chart. Actionable Signals: Golden/Death crosses and direction changes offer clear entry/exit points, backed by alerts for timely execution. Performance Optimization: Limits on lines/labels/boxes (500 each) ensure smooth operation on large datasets. Usage Tips Start with default settings for balanced performance. Use in higher timeframes for trend confirmation or lower for intraday signals. Combine with your favorite strategies – e.g., buy on RenKagi upward cross with SMA50 and golden cross confirmation. Test on historical data to optimize weights and thresholds. Note: This indicator is for educational and informational purposes only. Past performance is not indicative of future results. Always conduct your own analysis and use risk management. No financial advice is provided. If you find this useful, please like, comment, or share your feedback!
Pine Script® indicator
by IQ-TRADER
Hilly's 0010110 Reversal Scalping Strategy - 5 Min CandlesKey Features and Rationale: Timeframe: Restricted to 5-minute candles as requested. Pattern Integration: Includes single (Hammer, Shooting Star, Doji), two (Engulfing, Harami), and three-plus (Morning Star, Evening Star) candlestick patterns, plus reversal patterns based on RSI extremes. VWAP Cross: Incorporates bullish (price crosses above VWAP) and bearish (price crosses below VWAP) signals, enhanced by trend context. Volume Analysis: Uses a volume spike threshold to filter noise, with a simple day-start volume comparison for financial environment context. Financial Environment: Approximates the day's sentiment using early-hour volume compared to current volume, adjusted by trend. Aggregation: Scores each condition (e.g., 1 for basic patterns, 2 for strong patterns like Engulfing, 3 for three-candle patterns) and decides based on weighted consensus, with trendStrength as a tunable threshold. Risky Approach: Minimal filtering and a low trendStrength (default 0.5) allow frequent signals, aligning with your $100-to-$200 goal, but expect higher risk. Suggested Inputs: EMA Length: 10 (short enough for 5-minute sensitivity). VWAP Lookback: 1 (uses current session VWAP). Volume Threshold Multiplier: 1.2 (moderate spike requirement). RSI Length: 14 (standard, adjustable to 7 for more sensitivity). Trend Strength Threshold: 0.5 (balance between signals; lower to 0.4 for more trades, raise to 0.6 for fewer).
Pine Script® strategy
by Hilly1976
Phoenix Pattern Scanner v1.3.2 - Multi-Pattern, Score & PresetsAdvanced multi-pattern scanner with intelligent presets and heuristic scoring system. 🎯 KEY FEATURES - 5 Trading Style Presets: Conservative, Balanced, Aggressive, Swing, Scalp - 4 Core Patterns: RVOL (unusual volume), Momentum breakout, RSI bounce, Gap & Go - Heuristic Score (0-100): Visual ranking system for signal quality - Per-Pattern Anti-Noise: Prevents signal spam with configurable minimum distance - Relative Strength %: Compare performance vs benchmark (default SPY) - Squeeze Detection: Identifies low volatility compression (BB inside Keltner) 📊 SMART FILTERS - Minimum price and average dollar volume gates - Weekly trend confirmation (optional) - Separate lookback periods for each pattern - Configurable RSI length and Gap parameters ⚙️ CUSTOMIZATION - All parameters adjustable via settings - Toggle individual components on/off - Clean info panel with real-time metrics - Color-coded score visualization 📍 BEST USED ON - Daily timeframe (primary design) - Liquid stocks above $5 - As a screening tool alongside your analysis ⚠️ IMPORTANT NOTES - Educational/informational tool only - NOT financial advice or trade signals - Heuristic score is diagnostic, not predictive - Past pattern behavior ≠ future results 💡 QUICK START 1. Select a preset matching your style 2. Adjust filters for your market 3. Set alerts for patterns you want to track 4. Use score as relative ranking, not absolute signal Version 1.3.2 - Stable release Open source - Free to use and modify Feedback and improvements welcome
Pine Script® indicator
by GMak01
Advanced Pattern Signal ProAdvanced Pattern Signal Pro Overview The Advanced Pattern Signal Pro is a powerful TradingView indicator designed for cryptocurrency traders, optimized for Bitcoin (BTC) and altcoins on timeframes like 1H, 4H, or daily. It combines Exponential Moving Averages (EMAs), RSI, MACD, candlestick patterns, and RSI divergences to generate high-probability buy and sell signals for trend reversals and continuations. Tailored for the volatile crypto market, this indicator filters out noise to help you spot key entry and exit points with confidence. Key Features EMA Crossovers: Uses fast (12) and slow (26) EMAs to detect trend changes, with customizable lengths and MA types (EMA/SMA). RSI Filter: Signals are refined with RSI (default 14) to avoid trades in overbought (>65) or oversold (<35) conditions, perfect for crypto's wild swings. MACD Confirmation: Integrates the classic 12/26/9 MACD for momentum confirmation, using line crossovers and histogram flips to validate signals. Candlestick Patterns: Detects Bullish/Bearish Engulfing, Hammer, Shooting Star, and Doji patterns, plotting shapes on the chart for visual clarity. RSI Divergences: Identifies bullish (price lower low, RSI higher low) and bearish (price higher high, RSI lower high) divergences to catch hidden reversals in ranging markets. Crypto-Optimized: Tuned for BTC/USDT and altcoins, with adjustable settings to suit scalping, swing trading, or long-term strategies. Visuals & Alerts: Plots MAs, MACD histogram, RSI subplot, pattern markers, divergence arrows, and clear buy/sell labels. Set custom alerts for real-time notifications.
Pine Script® indicator
by Cryptonologic
Percentage Change per 5 Candles 🔎 What this indicator does This indicator calculates and displays the percentage change of each candlestick directly on the chart. • If a candle closed higher than it opened (bullish candle), it shows a positive % change (green). • If a candle closed lower than it opened (bearish candle), it shows a negative % change (red). • Small moves below your chosen threshold (e.g., 0.1%) are ignored to avoid clutter. • The labels are placed above, below, or in the center of the candle (you choose). So essentially, every candle “tells you in numbers” exactly how much it changed relative to its opening price. ________________________________________ ⚙️ How it operates (the logic inside) 1. Calculate the change o Formula: \text{% Change} = \frac{(\text{Close} - \text{Open})}{\text{Open}} \times 100 o Example: If a candle opens at 100 and closes at 105, that’s a +5% change. 2. Round it nicely o You can control decimals (e.g., show 2 decimals → +5.23%). 3. Filter out noise o If a candle barely moved (say 0.02%), the label won’t appear unless you reduce the threshold. 4. Style the labels o Bullish = green text, slightly transparent green background. o Bearish = red text, slightly transparent red background. o Neutral (0%) = gray. 5. Place the labels o Options: above the candle, below the candle, or centered. o Small vertical offset is applied so labels don’t overlap the candle itself. ________________________________________ 📊 How this helps traders This indicator turns visual candles into quantifiable numbers at a glance. Instead of guessing whether a move was “big” or “small,” you see it clearly. Key Benefits: 1. Quick volatility analysis o You can instantly see if candles are making big % swings or just small moves. o This is especially useful on higher timeframes (daily/weekly) where moves can be large. 2. Pattern confirmation o For example, you might spot a strong bullish engulfing candle — the % change label helps confirm whether it was truly significant (e.g., +4.5%) or just modest (+0.7%). 3. Noise filtering o By setting a minimum % threshold, you only see labels when moves are meaningful (say > 0.5%). This keeps focus on important candles. 4. Backtesting & comparison o You can compare moves across time:  “How strong was this breakout candle compared to the last one?”  “Are today’s bearish candles weaker or stronger than yesterday’s bullish candles?” 5. Better decision-making o If you’re trading breakouts, reversals, or trend-following, knowing the % size of each candle helps confirm if the move has enough momentum. ________________________________________ ✅ In short: This indicator quantifies price action. Instead of just seeing “green” or “red” candles, you now know exactly how much the price changed in percentage terms, directly on the chart, in real time. It helps you distinguish between strong and weak moves and makes your analysis more precise. ________________________________________
Pine Script® indicator
by SupertradeOfficial
Asia815This Pine Script indicator plots high, low, and equilibrium (50%) lines for the Asia session (20:00–21:15, America/New_York timezone) on your chart. It tracks the session's highest, lowest, and midpoint prices, displaying customizable lines and labels that extend for a user-defined period after the session ends. The script also includes alert conditions for price crosses of these levels. Fully customizable with options for line visibility, color, style, thickness, and label size.
Pine Script® indicator
by dc_77
Heikin-Ashi-Candles MTFHeikin-Ashi Higher Timeframe Candles This indicator overlays higher-timeframe Heikin-Ashi candles (default: 5 minutes) onto a lower-timeframe chart (e.g., 1 minute). Instead of using standard candlesticks, it draws: Semi-transparent rectangles to represent the candle bodies. Vertical lines to represent wicks, centered on each body. Key features: Dynamic transparency: The current, still-forming higher-timeframe candle is plotted in green or red (depending on trend) with a separate, lighter transparency (default: 30) so you can easily distinguish it from completed candles. Finalization on close: As soon as a higher-timeframe candle closes, its body and wicks update to the standard transparency level (default: 50), ensuring completed candles are visually distinct. Customizable inputs: You can adjust The higher timeframe (tf) for Heikin-Ashi calculations. Body transparency for confirmed candles. Transparency for unfinished candles. Wick thickness. Use case: This is particularly useful for traders who analyze price action on lower timeframes but want to stay aware of the higher-timeframe Heikin-Ashi trend without switching charts. The fading effect on the active candle helps prevent confusion between fully formed candles and those still developing.
Pine Script® indicator
by veegee82
5
Pulse Lite [BreakoutOrFakeout]Pulse Lite - FREE What It Does A simplified momentum indicator that shows you the market's "pulse" through a smooth, easy-to-read line. Perfect for traders who want clean, reliable momentum signals without the complexity. Key Features 💗 Smooth Pulse Line Clean momentum reading from 0-100 Dynamic colors show market state instantly No choppy signals or false noise 📊 3-Zone System Above 70 = Overbought (red zone) 30-70 = Neutral (clear zone) Below 30 = Oversold (green zone) 🎯 Simple Signals Green dots when leaving oversold Red dots when leaving overbought Color changes show momentum shifts 📍 Current Reading Live status: HIGH, NEUTRAL, or LOW Exact value display Color-coded label How to Use Basic Strategy Oversold (below 30): Look for green dot, consider longs Overbought (above 70): Look for red dot, consider shorts Neutral (30-70): Follow the color for trend direction Quick Rules Green pulse = Bullish momentum Red pulse = Bearish momentum Blue pulse = Neutral/transitioning Visual Guide 🔴 Red Zone (70-100) = Overbought, reversal risk 🟢 Green Zone (0-30) = Oversold, bounce likely 🔵 Blue Line (50) = Momentum midpoint Why Start with Lite? This free version gives you the core pulse reading system - clean, simple, and effective. Perfect for learning the concept or if you prefer minimalist indicators. No clutter, no complexity, just the essential momentum pulse. Want More Power? Upgrade to Pulse Meter PRO for: 5-zone power system for precision entries Signal line with crossover alerts Histogram strength visualization Divergence detection Multi-timeframe dashboard Advanced filtering algorithms Priority support Best For Beginners learning momentum trading Traders who prefer simple, clean indicators Quick momentum checks Basic overbought/oversold signals ⚠️ DISCLAIMER: For educational purposes only. Trading involves substantial risk of loss. Past performance does not guarantee future results. Always use proper risk management.
Pine Script® indicator
by BreakoutOrFakeout
Crystal Channels [BreakoutOrFakeout]Crystal Channels What It Does Automatically draws dynamic price channels that adapt to market volatility, showing you exactly where price sits within its current range. The crystal-clear visualization instantly reveals whether price is stretched, compressed, or ready to break out. Key Features 💎 Auto-Adjusting Channels Channels expand and contract with volatility No manual adjustment needed Works on all timeframes automatically 📊 Position Percentage Display Shows exact position within channel (0-100%) Real-time updates as price moves Quantifies overbought/oversold conditions ⚡ Squeeze Detection Identifies when channels compress label warns of pending breakout Yellow background for visual alert 🎯 Multi-Signal System Breakout confirmations (triangles) Channel touches (circles) Strong momentum (diamonds) All signals filter for false breaks 🎨 Dynamic Visual Feedback Gradient fills show trend direction Candle colors indicate position strength Quarter lines for precision entries How to Use Channel Bounces: Enter opposite direction at channel extremes Breakout Trades: Wait for squeeze, then follow triangle signals Position Sizing: Use % reading to gauge risk (higher % = higher risk) Trend Following: Trade with midline direction and color Visual Guide 🔴 Upper Channel = Resistance/overbought 🟢 Lower Channel = Support/oversold 🔵 Midline = Trend direction 🟡 Squeeze = Volatility contraction 📍 XX% = Current position in range Why Crystal Channels? Unlike static channels that need constant adjustment, Crystal Channels automatically adapt to market conditions. The position percentage gives you precise risk assessment, while the squeeze detection helps you prepare for explosive moves before they happen. Perfect for: Range traders (fade the extremes) Breakout traders (play the squeezes) Swing traders (channel to channel) Risk managers (clear stop levels) ⚠️ DISCLAIMER: For educational purposes only. Trading involves substantial risk of loss. Past performance does not guarantee future results. Always use proper risk management.
Pine Script® indicator
by BreakoutOrFakeout
Power Zones [BreakoutOrFakeout]Power Zones What It Does Creates dynamic volatility-based zones that expand and contract with market conditions, showing you exactly where price is likely to react. The multi-layer gradient system instantly reveals whether price is in a high-pressure zone (likely reversal) or neutral zone (likely continuation). Key Features ⚡ 4-Layer Zone System Outer power zones (strongest reactions) Inner neutral zones (trend continuation) Dynamic centerline All zones adapt to market volatility 🎯 Squeeze Detection Identifies when volatility contracts (yellow) Highlights expansion phases (purple) Alerts before major moves 📊 Power Level Indicators Purple dots mark extreme distances from center Shows when price reaches high-power zones Helps identify reversal points 🎨 Intelligent Color Coding Zones, lines, and candles change color based on position Brighter colors = stronger signals Visual intensity shows opportunity strength How to Use Mean Reversion Strategy Enter opposite direction when price touches outer zones Purple dots = high probability reversal Exit at centerline or opposite zone Breakout Strategy Yellow squeeze = prepare for breakout Enter on expansion (purple background) Ride the momentum to outer zones Trend Following Stay long above centerline Stay short below centerline Use zones as trailing stop levels Visual Guide 🔴 Red Zone = Upper pressure area (potential resistance) 🟢 Green Zone = Lower pressure area (potential support) 🔵 Blue Line = Dynamic centerline (trend bias) 🟡 Yellow = Squeeze mode (low volatility) 🟣 Purple = High power or expansion Settings Core Zone Period (10-50): Sensitivity to price action Zone Width (0.5-4.0): How wide the zones extend Smoothing (1-10): Reduces zone noise Visual Toggle zones, centerline, signals Adjust transparency and line width Optional candle coloring Why Power Zones? Traditional bands show you lines. Power Zones shows you pressure. The 4-layer gradient system reveals not just where support/resistance might be, but how strong it will be. The squeeze detection gives you a heads-up before big moves, while the power dots show you exactly when price has stretched too far. Best For ✓ Range traders (fade the zones) ✓ Breakout traders (play the squeezes) ✓ Swing traders (zone-to-zone moves) ✓ Risk management (clear stop levels) ✓ All timeframes and markets Pro Tips Squeeze + touch of zone = high probability reversal Expansion + break of zone = trend continuation Multiple purple dots = extreme stretch, reversal imminent Centerline color shows immediate trend bias ⚠️ DISCLAIMER: For educational purposes only. Trading involves substantial risk of loss. Past performance does not guarantee future results. Always use proper risk management and never risk more than you can afford to lose.
Pine Script® indicator
by BreakoutOrFakeout
Wave Rider [BreakoutOrFakeout]Wave Rider What It Does Creates an ultra-smooth trend wave that flows through price action, instantly revealing market direction and momentum strength through elegant visual design. The wave dynamically adapts its color intensity based on trend strength, making it easy to spot high-probability trading opportunities. Key Features 🌊 Silky Smooth Wave Double-smoothed calculation eliminates noise Flows naturally through price action Adjustable period and smoothing levels 🎨 Dynamic Color Flow Bright colors = Strong momentum Faded colors = Weakening trend Smooth transitions show trend evolution 📊 Optional Ribbon Depth 1-5 translucent layers create visual depth Shows trend consistency across periods Beautiful flowing water effect ⚡ Smart Signals Yellow dots mark potential turning points Price/wave crossovers for entries Wave angle analysis (flat/rising/steep) ✨ Clean Design Minimal chart clutter Optional candle coloring Adjustable visual elements How to Use Trend Following: Trade in direction of wave color (green up, red down) Entry Timing: Enter when price crosses above/below wave with momentum Exit Signals: Watch for yellow dots indicating potential reversals Momentum Gauge: Bright colors = stay in trade, fading = consider exit Visual Guide 🟢 Green Wave = Uptrend (brighter = stronger) 🔴 Red Wave = Downtrend (brighter = stronger) 🔵 Blue Wave = Neutral/consolidating 🟡 Yellow Dots = Potential turning points 🌊 Ribbon = Multi-layer trend visualization Settings Core Wave Period (5-50): Main trend sensitivity Extra Smoothing (1-10): Additional noise reduction Wave Offset: Shift wave forward/backward Visual Toggle wave, ribbon, signals, candle coloring Adjust thickness, layers, transparency Why Wave Rider? Unlike choppy indicators that whipsaw in volatile markets, Wave Rider's double-smoothing creates a flowing trend line that filters out noise while remaining responsive to real moves. The visual design makes trend strength obvious at a glance - no interpretation needed. Perfect for: Trend traders wanting clear directional bias Scalpers needing smooth entry/exit levels Beginners learning trend-following concepts Anyone wanting cleaner, more aesthetic charts Trading Tips ✅ Best in trending markets - ride the wave ✅ Combine with volume for confirmation ✅ Use multiple timeframes for context ✅ Bright colors = high confidence signals ✅ Let the wave guide position sizing ⚠️ DISCLAIMER: For educational purposes only. Trading involves substantial risk of loss. Past performance does not guarantee future results. Always use proper risk management and never risk more than you can afford to lose.
Pine Script® indicator
by BreakoutOrFakeout