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Moving Averages

EMA / WMA RibbonMomentum Flow Ribbon Unlock a clear, visual edge in identifying short-term momentum shifts with the Momentum Flow Ribbon. This indicator was born from a simple yet powerful concept: to visually represent the dynamic relationship between a fast-reacting Exponential Moving Average (EMA) and the smoother, more methodical Wilder's Moving Average (WMA). While both moving averages use the same length, their unique calculation methods cause them to separate and cross, creating a "ribbon" that provides an immediate and intuitive gauge of market momentum. This tool is designed for the disciplined trader who values clean charts and actionable signals, helping you to execute your strategies with greater confidence and precision. How It Works The script plots an EMA and a Wilder's Moving Average (referred to as rma in Pine Script) of the same length. The space between these two lines is then filled with a colored ribbon: Bullish Green/Teal: The ribbon turns bullish when the faster EMA crosses above the slower Wilder's MA, indicating that short-term momentum is strengthening to the upside. Bearish Red: The ribbon turns bearish when the EMA crosses below the Wilder's MA, signaling that short-term momentum is shifting to the downside. The inherent "lag" of the Wilder's MA, a feature designed by J. Welles Wilder Jr. himself, acts as a steady baseline against which the more sensitive EMA can be measured. The result is a simple, zero-lag visual that filters out insignificant noise and highlights meaningful changes in trend direction. Key Features Customizable Length and Source: Easily adjust the moving average length and price source (close, hl2, etc.) to fit your specific trading style and the instrument you are trading, from futures like MES and MNQ to cryptocurrencies and forex. Customizable Colors: Tailor the ribbon's bullish and bearish colors to match your personal chart aesthetic. Built-in Alerts: The script includes pre-configured alerts for both bullish (EMA crosses above WMA) and bearish (EMA crosses below WMA) signals. Never miss a potential momentum shift again. Clean & Lightweight: No clutter. Just a simple, effective ribbon that integrates seamlessly into any trading system. Practical Application for the Discerning Trader For a futures trader, timing is everything. This ribbon is not just another indicator; it's a tool for confirmation. Imagine you've identified a key level—a Volume Profile POC, the previous day's low, or a critical accumulation zone. As price approaches this level pre-London session, you're watching for a sign of institutional activity. A flip in the ribbon's color at that precise moment can provide the powerful confirmation you need to enter a trade, trusting that you are aligning with the building liquidity and momentum heading into the New York open. This is a tool for those who aspire to greatness in their trading—who understand that the edge is found not in complexity, but in the flawless execution of a simple, well-defined plan. Add the Momentum Flow Ribbon to your chart and start seeing momentum in a clearer light.
Pine Script® indicator
by rick84etter
Adaptive Gap Bands - DolphinTradeBot1️⃣ Overview Adaptive Gap Bands is a momentum indicator that measures the percentage difference between fast and slow moving averages. This helps identify potential overbought or oversold zones. The goal is to analyze “gap” behaviors within a trend and generate clearer entry–exit signals. Since the bands are anchored to the slow moving average, they are more sensitive to the trend direction, making signals stronger in line with the prevailing trend. 📌 Signals do not repaint — once confirmed, they remain fixed on the chart. 2️⃣ How It Works ? The indicator tracks the distance between fast and slow MAs. The indicator measures the percentage gap between the fast and slow moving averages, relative to the slow MA. Each time the gap reaches a new extreme during a swing, that value is stored. When the averages cross, the stored values from the last N swings (defined by Swing Count) are collected. These gap values are then averaged to create a smoother and more adaptive reference. The bands are built by multiplying this average gap with the % Multiplier and projecting it around the slow MA. 3️⃣ How to Use It ? Add the script to your chart. Green label → potential Long signal. Red label → potential Short signal. Signals often appear when price moves outside the adaptive bands, showing extreme momentum. Can also be used as a reference tool in manual trades to set profit/loss expectations. By comparing upward vs. downward gaps, it can help analyze and confirm the dominant trend direction. 4️⃣⚙️ Settings Swing Count → Number of past swings considered. % Multiplier → Adjusts band width (narrower or wider). MA Lengths & Types → Choose fast and slow moving averages (EMA, SMA, RMA, etc.).
Pine Script® indicator
by DolphinTradeBot
Multipower Entry SecretMultipower Entry Secret indicator is designed to be the ultimate trading companion for traders of all skill levels—especially those who struggle with decision-making due to unclear or overwhelming signals. Unlike conventional trading systems cluttered with too many lines and confusing alerts, this indicator provides a clear, adaptive, and actionable guide for market entries and exits. Key Points: Clear Buy/Sell/Wait Signals: The script dynamically analyzes price action, candle patterns, volume, trend strength, and higher time frame context. This means it gives you “Buy,” “Sell,” or “Wait” signals based on real, meaningful market information—filtering out the noise and weak trades. Multi-Timeframe Adaptive Analysis: It synchronizes signals between higher and current timeframes, ensuring you get the most reliable direction—reducing the risk of getting caught in fake moves or sudden reversals. Automatic Support, Resistance & Liquidity Zones: Key levels like support, resistance, and liquidity zones are auto-detected and displayed directly on the chart, helping you make precise decisions without manual drawing. Real-Time Dashboard: All relevant information, such as trend strength, market intent, volume sentiment, and the reason behind each signal, is neatly summarized in a dashboard—making monitoring effortless and intuitive. Customizable & Beginner-Friendly: Whether you’re a newcomer wanting straightforward guidance or a professional needing advanced customization, the indicator offers flexible options to adjust analysis depth, timeframes, sensitivity, and more. Visual & Clutter-Free: The design ensures that your chart remains clean and readable, showing only the most important information. This minimizes mental overload and allows for instant decision-making. Who Will Benefit? Beginners who want to learn trading logic, avoid common traps, and see the exact reason behind every signal. Advanced traders who require adaptive multi-timeframe analytics, fast execution, and stress-free monitoring. Anyone who wants to save screen time, reduce analysis paralysis, and have more confidence in every trade they take. 1. No Indicator Clutter Intent: Many traders get confused by charts filled with too many indicators and signals. This often leads to hesitation, missed trades, or taking random, risky trades. In this Indicator: You get a clean and clutter-free chart. Only the most important buy/sell/wait signals and relevant support/resistance/liquidity levels are shown. These update automatically, removing the “overload” and keeping your focus sharp, so your decision-making is faster and stress-free. 2. Exact Entry Guide Intent: Traders often struggle with entry timing, leading to FOMO (fear of missing out) or getting trapped in sudden market reversals. In this Indicator: The system uses powerful adaptive logic to filter out weak signals and only highlight the strongest market moves. This not only prevents you from entering late or on noise, but also helps avoid losses from false breakouts or whipsaws. You get actionable suggestions—when to enter, when to hold back—so your entries are high-conviction and disciplined. 3. HTF+LTF Logic: Multitimeframe Sync Analysis Intent: Most losing trades happen when you act only on the short-term chart, ignoring the bigger market trend. In this Indicator: Signals are based on both the current chart timeframe (LTF) and a higher (HTF, like hourly/daily) timeframe. The indicator synchronizes trend direction, momentum, and structure across both levels, quickly adapting to show you when both are aligned. This filtering results in “only trade with the bigger trend”—dramatically increasing your win rate and market confidence. 4. Auto Support/Resistance & Liquidity Zones Intent: Drawing support/resistance and liquidity zones manually is time-consuming and error-prone, especially for beginners. In this Indicator: The system automatically identifies and plots the most crucial support/resistance levels and liquidity zones on your chart. This is based on adaptive, real-time price and volume analysis. These zones highlight where major institutional activity, trap setups, or real breakouts/reversals are most likely, removing guesswork and giving you a clear reference for entries, exits, and stop placements. 5. Clear Action/Direction Intent: Traders need certainty—what does the market want right now? Most indicators are vague. In this Indicator: Your dashboard always displays in plain words (like “BUY”, “SELL”, or “WAIT”) what action makes sense in the current market phase. Whether it’s a bull trap, volume spike, wick reversal, or exhaustion—it’s interpreted and explained clearly. No more confusion—just direct, real-time advice. 6. For Everyone (Beginner to Pro) Intent: Most advanced indicators are overwhelming for new traders; simple ones lack depth for professionals. In this Indicator: It is simple enough for a beginner—just add it to the chart and instantly see what action to consider. At the same time, it includes advanced adaptive analysis, multi-timeframe logic, and customizable settings so professional traders can fine-tune it for their strategies. 7. Ideal Usage and User Benefits Instant Decision Support: Whenever you’re unsure about a trade, just look at the indicator’s suggestion for clarity. Entry Learning: Beginners get real-time “practice” by not only seeing signals, but also the reason behind them—improving your chart reading and market understanding. Screen Time & Stress Reduction: Clear, relevant information only; no noise, less fatigue, faster decisions. Makes Trading Confident & Simple: The smart dashboard splits actionable levels (HTF, LTF, action) so you never miss a move, avoid traps, and stay aligned with high-probability trades. 8. Advanced Input Settings (Smart Customization) Explained with Examples: Enable Wick Analysis: Finds candles with strong upper/lower wicks (signs of rejection/buying/selling force), alerting you to hidden reversals and protecting from FOMO entries. Enable Absorption: Detects when heavy order flow from one side is “absorbed” by the other (shows where institutional buyers/sellers are likely active, helps spot fake breakouts). Enable Unusual Breakout: Highlights real breakouts—large volatility plus high volume—so you catch genuine moves and avoid random spikes. Enable Range/Expansion: Smartly flags sudden range expansions—when the market goes from quiet to volatile—so you can act at the start of real trends. Trend Bar Lookback: Adjusts how many bars/candles are used in trend calculations. Short (fast trades, more signals), long (more reliability, fewer whipsaws). Bull/Bear Bars for Strong Trend Min: Sets how many candles in a row must support a trend before calling it “strong”—prevents flipping signals, keeps you disciplined. Volume MA Length: Lets you adjust how many bars back volume is averaged—fine-tune for your asset and trading style for best volume signals. Swing Lookback Bars: Set how many bars to use for swing high/low detection—short (quick swing levels), long (stronger support/resistance). HTF (Bias Window): Decide which higher timeframe the indicator should use for big-picture market mood. Adjustable for any style (scalp, swing, position). Adaptive Lookback (HTF): Choose how much HTF history is used for detecting major extremes/zones. Quick adjust for more/less sensitivity. Show Support/Resistance, Liquidity Zones, Trendlines: Toggle them on/off instantly per your needs—keeps your chart relevant and tailored. 9. Live Dashboard Sections Explained Intent HTF: Shows if the bigger timeframe currently has a Bullish, Bearish, or Neutral (“Chop”) intent, based on strict volume/price body calculations. Instant clarity—no more guessing on trend bias. HTF Bias: Clear message about which side (buy/sell/sideways) controls the market on the higher timeframe, so you always trade with the “big money.” Chart Action: The central action for the current bar—Whether to Buy, Sell, or Wait—calculated from all indicator logic, not just one rule. TrendScore Long/Short: See how many candles in your chosen window were bullish or bearish, at a glance. Instantly gauge market momentum. Reason (WHY): Every time a signal appears, the “reason” cell tells you the primary logic (breakout, wick, strong trend, etc.) behind it. Full transparency and learning—never trade blindly. Strong Trend: Shows if the market is currently in a powerful trend or not—helping you avoid choppy, risky entries. HTF Vol/Body: Displays current higher timeframe volume and candle body %—helping spot when big players are active for higher probability trades. Volume Sentiment: A real-time analysis of market psychology (strong bullish/bearish, neutral)—making your decision-making much more confident. 10. Smart and User-Friendly Design Multi-timeframe Adaptive: All calculations can now be drawn from your choice of higher or current timeframe, ensuring signals are filtered by larger market context. Flexible Table Position: You can set the live dashboard/summary anywhere on the chart for best visibility. Refined Zone Visualization: Liquidity and order blocks are visually highlighted, auto-tuning for your settings and always cleaning up to stay clutter-free. Multi-Lingual & Beginner Accessible: With Hindi and simple English support, descriptions and settings are accessible for a wide audience—anyone can start using powerful trading logic with zero language barrier. Efficient Labels & Clear Reasoning: Signal labels and reasons are shown/removed dynamically so your chart stays informative, not messy. Every detail of this indicator is designed to make trading both simpler and smarter—helping you avoid the common pitfalls, learn real price action, stay in sync with the market’s true mood, and act with discipline for higher consistency and confidence. This indicator makes professional-grade market analysis accessible to everyone. It’s your trusted assistant for making smarter, faster, and more profitable trading decisions—providing not just signals, but also the “why” behind every action. With auto-adaptive logic, clear visuals, and strong focus on real trading needs, it lets you focus on capturing the moves that matter—every single time.
Pine Script® indicator
by cnagda3
3
Set & Forget – AlexG Club – ChecklistThe Set & Forget – AlexG Club – Checklist is built to help traders apply the well-known Set and Forget strategy from the famous AlexG (falexg) and the G-Club community. This indicator displays a clear, on-chart checklist table of trading confluences. Each confluence adds to a total score, making it easier to objectively evaluate whether a trade setup aligns with the AlexG / G-Club strategy. ✅ Features: • Customizable confluence checklist (trend alignment, S/R levels, candlestick signals, momentum, etc.) • Automatic scoring system to calculate the Set & Forget readiness of a trade • Clean table visualization on your chart • Flexible thresholds — you decide how many confluences equal a strong setup 🚀 How to Use: Add the indicator to your chart. Adjust the confluences to reflect your own AlexG / G-Club inspired checklist. Use the total score to validate trades before you pull the trigger. ⚠️ Disclaimer: This indicator is for educational purposes only. It is not financial advice and does not guarantee profitability. Always manage your risk and test before using live.
Pine Script® indicator
by AnthonyToday
Signal Generator: HTF EMA Momentum + MACDSignal Generator: HTF EMA Momentum + MACD What this script does This indicator combines a higher-timeframe EMA trend filter with a MACD crossover on the chart’s timeframe. The goal is to make MACD signals more selective by checking whether they occur in the same direction as the broader trend. How it works - On the higher timeframe, two EMAs are calculated (short and long). Their difference is used as a simple momentum measure. - On the chart timeframe, the MACD is calculated. Crossovers are then filtered with two conditions: 1.They must align with the higher-timeframe EMA trend. 2.They must occur beyond a small “zero band” threshold, with a minimum distance between MACD and signal lines. - When both conditions are met, the script can plot BUY or SELL labels. ATR is used only to shift labels up or down for visibility. Visuals and alerts - Histogram bars show whether higher-timeframe EMA momentum is rising or falling. - MACD main and signal lines are plotted with optional scaling. - Dotted lines show the zero band region. - Optional large BUY/SELL labels appear when conditions are confirmed on the previous bar. - Alerts can be enabled for these signals; they trigger once per bar close. Notes and limitations - Higher-timeframe values are only confirmed once the higher-timeframe candle has closed. - Scaling factors affect appearance only, not the logic. - This is an open-source study intended as a learning and charting tool. It does not provide financial advice or guarantee performance.
Pine Script® indicator
by DenizTheTrader
Chanpreet Moving AveragesChanpreet Moving Averages by Chanpreet Singh This script plots up to four customizable moving averages (SMA, EMA, SMMA/RMA, WMA, VWMA). You can adjust: Moving average type Source (close, open, hl2, etc.) Length Color An optional input lets you select a higher or custom timeframe for the moving averages (e.g., daily MA on a 1-hour chart). If left empty, the script calculates them on the current chart timeframe, so the lines scale and move naturally when zooming or panning. This tool is designed for educational and visualization purposes, helping traders see trend direction and potential areas of dynamic support/resistance. ⚠️ Disclaimer: This script does not provide financial advice or trading signals. Use it at your own risk. Always do your own research before making trading decisions.
Pine Script® indicator
by Sensible_Trader
Multiple Colored Moving AveragesMULTIPLE COLORED MOVING AVERAGES - USER GUIDE DISCLAIMER ---------- Both the code and this documentation were created heavily using artificial intelligence. I'm lazy... This indicator was inspired by repo32's "Moving Average Colored EMA/SMA" indicator. * What is this indicator? ----------------------- This is a TradingView indicator that displays up to 4 different moving averages on your chart simultaneously. Each moving average can be customized with different calculation methods, colors, and filtering options. Why would I use multiple moving averages? ----------------------------------------- - See trend direction across different timeframes at once - Identify support and resistance levels - Spot crossover signals between fast and slow MAs - Reduce false signals with filtering options - Compare how different MA types react to price action What moving average types are available? ---------------------------------------- 11 different types: - SMA: Simple average, equal weight to all periods - EMA: Exponential, more weight to recent prices - WMA: Weighted, linear weighting toward recent data - RMA: Running average, smooth like EMA - DEMA: Double exponential, reduced lag - TEMA: Triple exponential, even less lag - HMA: Hull, fast and smooth combination - VWMA: Volume weighted, includes volume data - LSMA: Least squares, based on linear regression - TMA: Triangular, double-smoothed - ZLEMA: Zero lag exponential, compensated for lag How do I set up the indicator? ------------------------------ Each MA has these settings: - Enable/Disable: Turn each MA on or off - Type: Choose from the 11 calculation methods - Length: Number of periods (21, 50, 100, 200 are common) - Smoothing: 0-10 levels of extra smoothing - Noise Filter: 0-5% to ignore small changes - Colors: Bullish (rising) and bearish (falling) colors - Line Width: 1-5 pixels thickness What does the smoothing feature do? ----------------------------------- Smoothing applies extra calculations to make the moving average line smoother. Higher levels reduce noise but make the MA respond slower to price changes. Use higher smoothing in choppy markets, lower smoothing in trending markets. What is the noise filter? -------------------------- The noise filter ignores small percentage changes in the moving average. For example, a 0.3% filter will ignore any MA movement smaller than 0.3%. This helps eliminate false signals from minor price fluctuations. When should I use this indicator? --------------------------------- - Trend analysis: See if market is going up, down, or sideways - Entry timing: Look for price bounces off MA levels - Exit signals: Watch for MA slope changes or crossovers - Support/resistance: MAs often act as dynamic levels - Multi-timeframe analysis: Use different lengths for different perspectives What are some good settings to start with? ------------------------------------------- Conservative approach: - MA 1: EMA 21 (short-term trend) - MA 2: SMA 50 (medium-term trend) - MA 3: SMA 200 (long-term trend) - Low noise filtering (0.1-0.3%) Active trading: - MA 1: HMA 9 (very responsive) - MA 2: EMA 21 (short-term) - MA 3: EMA 50 (medium-term) - Minimal or no smoothing How do I interpret the colors? ------------------------------ Each MA changes color based on its direction: - Bullish color: MA is rising (upward trend) - Bearish color: MA is falling (downward trend) - Gray: MA is flat or unchanged What should I look for in crossovers? ------------------------------------- - Golden Cross: Fast MA crosses above slow MA (bullish signal) - Death Cross: Fast MA crosses below slow MA (bearish signal) - Multiple crossovers in same direction can confirm trend changes - Wait for clear separation between MAs after crossover How do I use MAs for support and resistance? --------------------------------------------- - In uptrends: MAs often provide support when price pulls back - In downtrends: MAs may act as resistance on rallies - Multiple MAs create support/resistance zones - Stronger levels where multiple MAs cluster together Can I use this with other indicators? ------------------------------------- Yes, it works well with: - Volume indicators for confirmation - RSI or MACD for timing entries - Bollinger Bands for volatility context - Price action patterns for setup confirmation What if I get too many signals? ------------------------------- - Increase smoothing levels - Raise noise filter percentages - Use longer MA periods - Focus on major crossovers only - Wait for multiple MA confirmation What if signals are too slow? ----------------------------- - Reduce smoothing to 0 - Lower noise filter values - Switch to faster MA types (HMA, ZLEMA, DEMA) - Use shorter periods - Focus on the fastest MA only Which MA types work best in different markets? ---------------------------------------------- Trending markets: EMA, DEMA, TEMA (responsive to trends) Choppy markets: SMA, TMA, HMA with smoothing (less whipsaws) High volatility: Use higher smoothing and noise filtering Low volatility: Use minimal filtering for better responsiveness Do I need all the advanced features? ------------------------------------ No. Start with basic settings: - Choose MA type and length - Set colors you prefer - Leave smoothing at 0 - Leave noise filter at 0 Add complexity only if needed to improve signal quality. How do I know if my settings are working? ----------------------------------------- - Backtest on historical data - Paper trade the signals first - Adjust based on market conditions - Keep a trading journal to track performance - Be willing to modify settings as markets change Can I save different configurations? ------------------------------------ Yes, save different indicator templates in TradingView for: - Different trading styles (scalping, swing trading) - Different market conditions (trending, ranging) - Different instruments (stocks, forex, crypto)
Pine Script® indicator
by oozzzaa
Short Sellingell signal when RSI < 40, MACD crosses zero or signal line downward in negative zone, close below 50 EMA, candle bearish. Strong sell signal confirmed on 5-minute higher timeframe with same conditions. Square off half/full signals as defined. Target lines drawn bold based on previous swing lows and extended as described. Blue candle color when RSI below 30. One sell and one full square off per cycle, blocking repeated sells until full square off.
Pine Script® indicator
by AkshayShah99
Market Bias [Mario]Indicator Description: Market Bias Core Objective and Philosophy The Market Bias indicator is designed not as a simple signal generator, but as a comprehensive tool for trend analysis and directional bias assessment. Its primary purpose is to provide traders with a clear, at-a-glance understanding of the market's direction across multiple timeframes. By visualizing the alignment of trends, it helps traders make more informed decisions, ensuring they are trading in harmony with the broader market momentum rather than against it. This is a tool for strategic positioning, not for providing blind buy or sell commands. How It Works: The Core Mechanic The indicator's logic is based on the relationship between two configurable moving averages (MAs): a Fast MA (defaulting to a 9-period EMA) and a Slow MA (defaulting to a 21-period SMA). The market bias on any given timeframe is determined as follows: Bullish Bias: When the Fast MA is trading above the Slow MA, it indicates positive, upward momentum. Bearish Bias: When the Fast MA is trading below the Slow MA, it indicates negative, downward momentum. Users have full control to customize the type (SMA, EMA, WMA, etc.) and length of each moving average to fit their specific trading style and the asset being analyzed. Key Feature: The Higher Timeframe (HTF) Bias Table This is the most powerful feature of the indicator and its main reason for existence. It displays a simple, color-coded table in the corner of the chart, showing the real-time bias for the Daily (D), 4-Hour (4H), and 1-Hour (1H) timeframes. Purpose: The HTF table solves a critical problem for traders: losing sight of the bigger picture. A trader on a 15-minute chart might see a setup to go long, but if the 4H and Daily charts are strongly bearish, that trade is fighting a powerful current and has a lower probability of success. Application: By checking this table, a trader can instantly verify if their intended trade direction is aligned with the higher timeframe trends. The ideal scenario is "confluence," where the bias is the same across all key timeframes (e.g., D, 4H, and 1H are all Bullish), giving the trader a strong conviction to only look for long entries. On-Chart Visual Aids To support the analysis on the current chart, the indicator provides several visual aids: Moving Average Plots: Both the Fast and Slow MAs are drawn directly on the chart, allowing traders to see their interaction with price in real-time. Color-Coded Bars: To make the current trend immediately obvious, the chart's price bars can be colored. Green bars signify a bullish bias (Fast > Slow), while red bars signify a bearish bias (Fast < Slow). Crossover Markers (Optional): While the indicator is not a signal provider, it can optionally display "Buy" (up arrow) and "Sell" (down arrow) markers when the MAs cross. These should not be interpreted as direct trade signals. Instead, they serve as alerts that the market momentum may be shifting on the current timeframe. They are best used as points of interest or for confirming a thesis that is already supported by the HTF bias. Summary In essence, the Market Bias indicator is a decision-support tool. It encourages a disciplined, top-down approach to trading. Use the HTF Table first to establish your strategic directional bias for the day or week. Use the on-chart MAs and colored bars to analyze the trend on your preferred trading timeframe. Use the optional crossover markers only as a final confirmation or timing tool, ensuring they align with the dominant bias established by the higher timeframes.
Pine Script® indicator
by MarioLeb
GC Checklist Signals (All TF, v6 • SR-safe • Clean blocks)GC (COMEX Gold) checklist strategy with a 3:1 reward-to-risk to your training bot. It enforces the following rules: Heiken Ashi chart logic for color, wicks, and doji detection 100-EMA filter (only buys above / sells below) Market structure: higher-low above EMA for buys; lower-high below EMA for sells (simple pivot check) Clean pullback: at least 2 opposite-color candles; clean = no top wicks (buys) / no bottom wicks (sells) Entry: on high-volume doji (body ≤ ~12% of range and volume ≥ last 1–3 candles), as soon as it closes Stops: sell = above doji high; buy = below doji low
Pine Script® indicator
by landondtaylor
Trend Strength Index Long Strategy📈 Trend Strength Index Long Strategy This strategy combines the Trend Strength Index (TSI) with a Volume-Weighted Moving Average (VWMA) to identify high-probability long entries based on trend momentum and price confirmation. 📊 TSI Calculation : Measures correlation between price and time (bar index) over a user-defined period. Strong TSI values indicate trend momentum. 📏 VWMA Filter : Confirms bullish bias when price is above the VWMA. 🚀 Entry Condition : Long position is triggered when TSI crosses above -0.65 and price is above VWMA. 🔒 Exit Condition : Position is closed when TSI crosses above 0.65. 🎨 Visuals : Gradient fills highlight bullish and bearish zones. VWMA is plotted for trend context. 🧮 TSI Length: Adjustable (default 14) 📐 VWMA Length: Adjustable (default 55) 💸 Commission: 0.1% per trade 📊 Position Size: 75% of equity ⚙️ Slippage: 10 ticks ✅ Best used in trending markets with steady momentum. ⚠️ Avoid in choppy or range-bound conditions.
Pine Script® strategy
by llbot