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Relative Strength index 2xRelative Strength Index 2× The RSI*2 by AZly is an advanced dual-RSI indicator that allows traders to analyze momentum from two distinct perspectives — short-term and medium-term — on a single chart. It combines RSI precision with multi-timeframe flexibility, giving a clear view of both immediate and underlying momentum trends. ⚙️ How It Works This indicator calculates and plots two fully independent RSI lines, each with customizable settings: RSI 1 (Main RSI) : Captures medium-term momentum, ideal for trend and context. RSI 2 (Fast RSI) : Reacts quickly to short-term moves, identifying overbought and oversold conditions. Both RSIs include: Custom timeframe, source, and smoothing method (SMA, EMA, WMA, VWMA, HMA, SMMA). Gradient zones to visualize momentum strength and reversals. Adjustable levels and colors for clear chart presentation. 📘 Andrew Cardwell Zones (RSI 1) RSI 1 uses Andrew Cardwell’s “range rules” to distinguish bullish and bearish momentum phases: Bullish Range: RSI holds between 40–80, finding support around 40–45. Bearish Range: RSI stays between 20–60, with rallies capped near 55–60. A breakout from one range into another often signals a trend phase transition — marking potential trend beginnings or endings. ⚡ Overbought/Oversold Zones (RSI 2) RSI 2 is designed for fast reactions and reversal detection: 95–100: Extreme overbought zone — potential exhaustion and short setup. 5–0: Extreme oversold zone — potential exhaustion and long setup. Crossing these levels highlights short-term momentum exhaustion , often preceding pullbacks or strong price reversals. 💡 Why It’s Better Compared to traditional RSI indicators, this version provides superior control and insight: Dual independent RSIs with separate timeframes and smoothing. Cardwell-style range recognition for better context of trend strength. Extreme bands for fast RSI 2 to time entries with precision. Dynamic gradient zones for intuitive visual interpretation. Multi-timeframe flexibility that adapts to any trading style. 🎯 Trading Concepts Trend Confirmation: RSI 1 above 50 (bullish range) confirms uptrend bias; below 50 (bearish range) confirms downtrend. Reversal Setup: RSI 2 hitting extreme zones (above 95 or below 5) while RSI 1 stays steady often signals exhaustion and reversal setups. Divergence Confirmation: When RSI 2 diverges from price and RSI 1 supports the direction, it strengthens reversal probability. Range Transition: A shift in RSI 1’s range (from bearish to bullish or vice versa) confirms a major change in market structure. 🕒 Trade Timing (Entry Ideas) Timing is one of the indicator’s strongest features. Wait for RSI 2 to reach an extreme zone (above 95 or below 5). Then confirm the direction with RSI 1 — trades are most effective when RSI 1’s range aligns with the anticipated move. Buy Setup: RSI 1 in bullish range + RSI 2 rebounds upward from the 5 zone. Sell Setup: RSI 1 in bearish range + RSI 2 turns down from the 95 zone. Best Timing: Enter when RSI 2 crosses back inside the 10–90 range in the same direction as RSI 1’s trend. This captures momentum just as it resumes — avoiding early or late entries. 🔷 M & W Patterns (RSI 2) RSI 2 also reveals short-term exhaustion structures: “ M ” Formation: Two RSI peaks near 95–100 — bearish reversal setup. “ W ” Formation: Two RSI troughs near 0–5 — bullish reversal setup. These shapes often appear before price reversals, offering early momentum clues. ⚠️ Important Trading Guidance It is strongly recommended not to trade against the prevailing trend or attempt to pick exact tops or bottoms. The indicator works best when used in alignment with trend direction. Counter-trend entries carry higher risk and lower probability. 📊 Recommended Use Ideal for momentum traders, scalpers, and multi-timeframe analysts seeking precise timing and context. Works on all markets — forex, crypto, stocks, indexes, and commodities.
Pine Script® indicator
by YunakAZly
Momentum Variance OscillatorWhat MVO measures: -PV (Price-Volume) Oscillator – how far price is from a volatility-scaled basis, then weighted by relative volume. - > 0 = bullish pressure; < 0 = bearish pressure. -|PV| larger ⇒ stronger momentum. -Signal line (EMA of PV) – a smoother track of PV; crossings flag momentum shifts. -Zero line gradient – instantly shows direction (greenish bull / reddish bear) and strength (paler → stronger). -Extreme bands (±obLevel) – “hot zone” thresholds; being beyond them = exceptional push. -Variance histogram – MACD-like view (PV minus slower PV-EMA) to see thrust building vs. fading. -(Optional) Bar coloring & background tint – paints price bars and/or the panel on key events so you can read the regime at a glance. -Auto-Tune – searches a grid of (obLevel, weakLvl) pairs and (optionally) auto-applies the best, ranked by CAGR vs. drawdown. Core signals & how to trade them: 1) Define the regime: -Bullish regime: PV above 0 and/or PV above Signal; zero line is in bull gradient. -Bearish regime: PV below 0 and/or PV below Signal; zero line is in bear gradient. -Action: Prefer trades with the regime (avoid fading strong color/strength unless you have a clear reversal setup). 2) Entries: Momentum entry: -Long: PV crosses above Signal while PV > 0. -Short: PV crosses below Signal while PV < 0. Breakout/acceleration: -Long add-on: PV crosses above +obLevel (extreme top) and holds. -Short add-on: PV crosses below −obLevel (extreme bottom) and holds. -Histogram confirm: Growing bars in your direction = thrust improving; shrinking/flip = thrust stalling. 3) Exits / risk: -Soft exit / tighten stops: PV loses the extreme and re-enters inside, or histogram fades/turns against you. -Hard exit / reverse: Opposite PV↔Signal crossover and PV crosses the zero line. -Weak zone filter: If |PV| < weakLvl, treat signals as lower quality (smaller size or skip). 4) Practical setup - Suggested defaults (good starting point): -Signal length: 26 -Volume power: 0.50 -obLevel (extreme): 2.00 -weakLvl: 0.75 -Show histogram & dots: On -Auto-Tune (recommended) -Turn Auto-Select Best ON. MVO will scan obLevel 1.50→3.00 (step 0.05) and weakLvl 0.50→1.00 (step 0.05), then use the top-ranked pair (CAGR/(1+MDD)). -If you want to see the top combos, enable the Optimizer Table (Top-3). 5) Visual options -Bar Colors: Regime+Strength – bars follow the zero-line gradient (great for quick read). -Extremes – paint only when beyond ±obLevel. -Cross Signals – paint only on the bar that crosses an extreme. -Background on breach: A one-bar tint when PV crosses an extreme. 6) Example playbook: Long setup: -Zero line shows bull gradient and PV > 0. -PV crosses above Signal (entry). -If PV drives above +obLevel, consider add-on; trail under the last minor swing or use ATR. -Exit/trim on PV crossing below Signal or histogram turning negative; flatten on a drop through 0. Short setup mirrors the above on the bear side. 7) Tips to avoid common traps: -Don’t fade strong extremes without clear confirmation (e.g., PV re-entering inside + histogram flip). -Respect the weak zone: if |PV| < weakLvl, signals are fragile—size down or wait. -Align with structure: higher-timeframe trend and SR improve expectancy. -Instrument personality matters: use Auto-Tune or re-calibrate obLevel/weakLvl across assets/timeframes. 8) Alerts you can set: -Bull Signal X – PV crossed above Signal -Bear Signal X – PV crossed below Signal -Bull Baseline X – PV crossed above 0 -Bear Baseline X – PV crossed below 0
Pine Script® indicator
by s3raphic333
Katana_Fox RSI Pro - Advanced Momentum Indicator with Clear BUOverview: Connors RSI Pro is a sophisticated enhancement of the classic Connors RSI indicator, designed for traders who demand professional-grade tools. This premium version combines multiple momentum components with intelligent signaling and beautiful visualization to give you an edge in the markets. Key Features: 🎯 Clear BUY/SELL Signal System BUY signals in green when CRSI crosses above oversold level SELL signals in red when CRSI crosses below overbought level Clean, professional labels that are easy to read Customizable overbought/oversold levels (70/30 default) 🎨 Professional Visualization Modern color scheme that adapts to market conditions Customizable background fills for better readability Smooth, easy-to-read line plotting ⚡ Enhanced Calculations Triple-component momentum analysis (RSI, UpDown RSI, Percent Rank) EMA smoothing for reduced noise and false signals Configurable lengths for each component 🔔 Advanced Alert System 4 distinct alert conditions for various market scenarios Compatible with TradingView's native alert system Perfect for automated trading strategies Input Parameters: RSI Length (3): Period for standard RSI calculation UpDown Length (2): Period for UpDown RSI component ROC Length (100): Period for Rate of Change percentile ranking Signal Alerts: Toggle BUY/SELL signals on/off Custom Colors: Choose between classic and modern color schemes Trading Signals: BUY (Green Label): Bullish signal when CRSI crosses above oversold level SELL (Red Label): Bearish signal when CRSI crosses below overbought level Background Colors: Visual zones indicating momentum strength Ideal For: Swing traders seeking momentum reversals Day traders looking for overbought/oversold conditions Algorithmic traders needing reliable signals Technical analysts wanting multi-timeframe confirmation How to Use: Oversold Bounce: Enter long when CRSI shows BUY signal above 30 Overbought Rejection: Enter short when CRSI shows SELL signal below 70 Trend Confirmation: Use the 50-level crossover for trend direction Divergence Trading: Look for price/indicator divergences at extremes Upgrade your trading arsenal with Connors RSI Pro - where professional analytics meet clear trading signals!
Pine Script® indicator
by Katana_Fox
VWAP Deviation Oscillator [BackQuant]VWAP Deviation Oscillator Introduction The VWAP Deviation Oscillator turns VWAP context into a clean, tradeable oscillator that works across assets and sessions. It adapts to your workflow with four VWAP regimes plus two rolling modes, and three deviation metrics: Percent, Absolute, and Z-Score. Colored zones, optional standard deviation rails, and flexible plot styles make it fast to read for both trend following and mean reversion. What it does This tool measures how far price is from a chosen VWAP and expresses that gap as an oscillator. You can view the deviation as raw price units, percent, or standardized Z-Score. The plot can be a histogram or a line with optional fills and sigma bands, so you can quickly spot polarity shifts, overbought and oversold conditions, and strength of extension. VWAP modes track a session VWAP that resets (4H, Daily, Weekly) or a rolling VWAP that updates continuously over a fixed number of bars or days. Deviation modes let you choose the lens: Percent, Absolute, or Z-Score. Each highlights different aspects of stretch and mean pressure. Visual encoding uses a 10-zone color palette to grade the magnitude of deviation on both sides of zero. Volatility guards compute mode-specific sigma so thresholds are stable even when volatility compresses. Why this works VWAP is a high signal anchor used by institutions to gauge fair participation. Deviations around VWAP cluster in regimes: mild oscillations within a band, decisive pushes that signal imbalance, and standardized extremes that often precede either continuation or snapback. Expressing that distance as a single time series adds clarity: bias is the oscillator’s sign, risk context is its magnitude, and regime is the way it behaves around sigma lines. How to use it Trend following Favor the side of the zero line. Bullish when the oscillator is above zero and making higher swing highs. Bearish when below zero and making lower swing lows. Use +1 sigma and +2 sigma in your mode as strength tiers. Pullbacks that hold above zero in uptrends, or below zero in downtrends, are often continuation entries. Mean reversion Fade stretched readings when structure supports it. Look for tests of +2 sigma to +3 sigma that fail to progress and roll back toward zero, or the mirror on the downside. Z-Score mode is best when you want standardized gates across assets. Percent mode is intuitive for intraday scalps where a given percent stretch tends to mean revert. Session playbook Use Daily or Weekly VWAP for intraday or swing context. Rolling modes help when the asset lacks clean session boundaries or when you want a continuous anchor that adapts to liquidity shifts. Key settings VWAP computation VWAP Mode = 4 Hours, Daily, Weekly, Rolling (Bars), Rolling (Days). Session modes reset the VWAP when a new session begins. Rolling modes compute VWAP over a fixed trailing window. Rolling (Lookback: Bars) controls the trailing bar count when using Rolling (Bars). Rolling (Lookback: Days) converts days to bars at runtime and uses that trailing span. Use Close instead of HLC3 switches the price reference. HLC3 is smoother. Close makes the anchor track settlement more tightly. Deviation measurement Deviation Mode Percent : 100 * (Price / VWAP - 1). Good for uniform scaling across instruments. Absolute : Price - VWAP. Good when price units themselves matter. Z-Score : Standardizes the absolute residual by its own mean and standard deviation over Z/Std Window . Ideal for cross-asset comparability and regime studies. Z/Std Window sets the mean and standard deviation window for Z-Score mode. Volatility controls Percent Mode Volatility Lookback estimates sigma for percent deviations. Absolute Mode Volatility Lookback estimates sigma for absolute deviations. Minimum Sigma Guard (pct pts) prevents the percent sigma from collapsing to near zero in extremely quiet markets. Visualization Plot Type = Histogram or Line. Histogram emphasizes impulse and polarity changes. Line emphasizes trend waves and divergences. Positive Color / Negative Color define the palette for line mode. Histogram uses a 10-bucket gradient automatically. Show Standard Deviations plots symmetric rails at ±1, ±2, ±3 sigma in the current mode’s units. Fill Line Oscillator and Fill Opacity add a soft bias band around zero for line mode. Line Width affects both the oscillator and the sigma rails. Reading the zones The oscillator’s color and height map deviation to nine graded buckets on each side of zero, with deeper greens above and deeper reds below. In Percent and Absolute modes, those buckets are scaled by their mode-specific sigma. In Z-Score mode the bucket edges are fixed at 0.5, 1.0, 2.0, and 2.8. 0 to +1 sigma weak positive bias, usually rotational. +1 to +2 sigma constructive impulse. Pullbacks that hold above zero often continue. +2 to +3 sigma strong expansion. Watch for either trend continuation or exhaustion tells. Beyond +3 sigma statistical extreme. Requires structure to avoid fading too soon. Mirror logic applies on the negative side. Suggested workflows Trend continuation checklist Pick a session VWAP that matches your timeframe, for example Daily for intraday or Weekly for position trades. Wait for the oscillator to hold the correct side of zero and for a sequence of higher swing lows in the oscillator (uptrend) or lower swing highs (downtrend). Buy pullbacks that stabilize between zero and +1 sigma in an uptrend. Sell rallies that stabilize between zero and -1 sigma in a downtrend. Use the next sigma band or a prior price swing as your target reference. Mean reversion checklist Switch to Z-Score mode for standardized thresholds. Identify tests of ±2 sigma to ±3 sigma that fail to extend while price meets support or resistance. Enter on a polarity change through the prior histogram bar or a small hook in line mode. Fade back to zero or to the opposite inner band, then reassess. Notes on the three modes Percent is easy to reason about when you care about proportional stretch. It is well suited to intraday and multi-asset dashboards. Absolute tracks cash distance from VWAP. This is useful when instruments have tight ticks and you plan risk in price units. Z-Score standardizes the residual and is best for quant studies, cross-asset comparisons, and threshold research that must be scale invariant. What the alerts can tell you Polarity changes at zero can mark the start or end of a leg. Crosses of ±1 sigma identify overbought or oversold in the current mode’s units. Zone changes signal an upgrade or downgrade in deviation strength. Troubleshooting and edge cases If your instrument has long flat periods, keep Minimum Sigma Guard above zero in Percent mode so the rails do not vanish. In Rolling modes, very short windows will respond quickly but can whip around. Session modes smooth this by resetting at well known boundaries. If Z-Score looks erratic, increase Z/Std Window to stabilize the estimate of mean and sigma for the residual. Final thoughts VWAP is the anchor. The deviation oscillator is the narrative. By separating bias, magnitude, and regime into a simple stream you can execute faster and review cleaner. Pick the VWAP mode that matches your horizon, choose the deviation lens that matches your risk framework, and let the color graded zones guide your decisions.
Pine Script® indicator
by BackQuant
Alt buy signal 1H Entry + 4H Confirm (MACD + Stoch RSI + HMA)This indicator is a multi-timeframe (MTF) analysis tool designed for the ALT trading , capturing entry signals on the 1-hour (1H) timeframe and confirming trends on the 4-hour (4H) timeframe. It combines MACD, Stoch RSI, and Hull Moving Average (HMA) to identify precise buy opportunities, particularly at reversal points after a downtrend or during trend shifts. It visually marks both past and current BUY signals for easy reference. Key Features: 1H Entry Signal (Early Ping): Triggers on a MACD golden cross (below 0) combined with a Stoch RSI oversold cross (below 20), offering an initial buy opportunity. 4H Trend Confirmation (Entry Ready): Validates the trend with a 4H MACD histogram rising (in negative territory) or a golden cross, plus a Stoch RSI turn-up (above 30). Past BUY Display: Labels past data points where these conditions were met as "1H BUY" or "FULL BUY," facilitating backtesting. HMA Filter: Optional HMA(16) to confirm price breakouts, enhancing trend validation. Purpose: Ideal for short-term scalping and swing trading. Supports a two-step strategy: initial partial entry on 1H signals, followed by additional entry on 4H confirmation. Usage Instructions Installation: Add the indicator to an IMX/USDT 1H chart on TradingView. Signal Interpretation: lime "1H BUY": 1H conditions met, consider initial entry (stop-loss: 3-5% below recent low). green "FULL BUY": 1H+4H conditions met, confirm trend for additional entry (take-profit: 10% below recent swing high). Customization: Adjust TF (1H/4H), MACD/Stoch RSI parameters, and HMA usage via the input settings. Alert Setup: Enable alerts for "ENTRY READY" (1H+4H) or "EARLY PING" (1H only) conditions. Advantages Accuracy: Reduces false signals by combining MACD golden cross below 0 with Stoch RSI oversold conditions. Dual Confirmation: 1H for quick timing and 4H for trend validation, improving risk management. Visualization: Past BUY points enable easy backtesting and pattern recognition. Flexibility: 4H confirmation mode adjustable (histogram rise or golden cross). Limitations Timeframe Dependency: Optimized for 1H charts; may not work on other timeframes. Market Conditions: Potential whipsaws in sideways markets; additional filters (e.g., RSI > 50) recommended. Manual Management: Stop-loss and take-profit require user discretion.
Pine Script® indicator
by coinmong
Tunç ŞatıroğluTunç Şatıroğlu's Technical Analysis Suite Description: This comprehensive Pine Script indicator, inspired by the technical analysis teachings of Tunç Şatıroğlu, integrates six powerful TradingView indicators into a single, user-friendly suite for robust trend, momentum, and divergence analysis. Each component has been carefully selected and enhanced by beytun to improve functionality, performance, and visual clarity, aligning with Şatıroğlu's approach to technical analysis. The default configuration is meticulously set to match the exact settings of the individual indicators as used by Tunç Şatıroğlu in his training, ensuring authenticity and ease of use for followers of his methodology. Whether you're a beginner or an experienced trader, this suite provides a versatile toolkit for analyzing markets across multiple timeframes. Included Indicators: 1. WaveTrend with Crosses (by LazyBear, modified): A momentum oscillator that identifies overbought/oversold conditions and trend reversals with clear buy/sell signals via crosses and bar color highlights. 2. Kaufman Adaptive Moving Average (KAMA) (by HPotter, modified): A dynamic moving average that adapts to market volatility, offering a smoother trend-following signal. 3. SuperTrend (by Alex Orekhov, modified): A trend-following indicator that plots dynamic support/resistance levels with buy/sell signals and optional wicks for enhanced accuracy. 4. Nadaraya-Watson Envelope (by LuxAlgo, modified): A non-linear envelope that highlights potential reversals with customizable repainting options for smoother outputs. 5. Divergence for Many Indicators v4 (by LonesomeTheBlue, modified): Detects regular and hidden divergences across multiple indicators (MACD, RSI, Stochastic, CCI, Momentum, OBV, VWMA, CMF, MFI, and more) for early reversal signals. 6. Ichimoku Cloud (TradingView built-in, modified): A multi-faceted indicator for trend direction, support/resistance, and momentum, with enhanced visuals for the Kumo Cloud. Key Features: - Authentic Default Settings : Pre-configured to mirror the exact parameters used by Tunç Şatıroğlu for each indicator, ensuring alignment with his proven technical analysis approach. - Customizable Settings : Enable/disable individual indicators and fine-tune parameters to suit your trading style while retaining the option to revert to Şatıroğlu’s defaults. - Enhanced User Experience : Modifications improve visual clarity, performance, and usability, with options like repainting smoothing for Nadaraya-Watson and adjustable Ichimoku projection periods. - Multi-Timeframe Analysis : Combines trend-following, momentum, and divergence tools for a holistic view of market dynamics. - Alert Conditions : Built-in alerts for SuperTrend direction changes, buy/sell signals, and divergence detections to keep you informed. - Visual Clarity : Overlays (KAMA, SuperTrend, Nadaraya-Watson, Ichimoku) and pane-based indicators (WaveTrend, Divergences) are clearly distinguished, with customizable colors and styles. Notes: - The Nadaraya-Watson Envelope and Ichimoku Cloud may repaint in their default modes. Use the "Repainting Smoothing" option for Nadaraya-Watson or adjust Ichimoku settings to mitigate repainting if preferred. - Published under the MIT License, with components licensed under GPL-3.0 (SuperTrend), CC BY-NC-SA 4.0 (Nadaraya-Watson), MPL 2.0 (Divergence), and TradingView's terms (Ichimoku Cloud). Usage: Add this indicator to your TradingView chart to leverage Tunç Şatıroğlu’s exact indicator configurations out of the box. Customize settings as needed to align with your strategy, and use the combined signals to identify trends, reversals, and divergences. Ideal for traders following Şatıroğlu’s methodologies or anyone seeking a powerful, all-in-one technical analysis tool. Credits: Original authors: LazyBear, HPotter, Alex Orekhov, LuxAlgo, LonesomeTheBlue, and TradingView. Modifications and integration by beytun . License: Published under the MIT License, incorporating code under GPL-3.0, CC BY-NC-SA 4.0, MPL 2.0, and TradingView’s terms where applicable.
Pine Script® indicator
by beytun
5
RSI: chart overlay This indicator maps RSI thresholds directly onto price. Since the EMA of price aligns with RSI’s 50-line, it draws a volatility-based band around the EMA to reveal levels such as 70 and 30. By converting RSI values into visible price bands, the overlay lets you see exactly where price would have to move to hit traditional RSI boundaries. These bands adapt in real time to both price movement and market volatility, keeping the classic RSI logic intact while presenting it in the context of price action. This approach helps traders interpret RSI signals without leaving the main chart window. The calculation uses the same components as the RSI: alternative derivation script: Wilder’s EMA for smoothing, a volatility-based unit for scaling, and a normalization factor. The result is a dynamic band structure on the chart, representing RSI boundary levels in actual price terms. Key components and calculation breakdown: Wilder’s EMA Used as the anchor point for measuring price position. myEMA = ta.rma(close, Length) Volatility Unit Derived from the EMA of absolute close-to-close price changes. CC_vol = ta.rma(math.abs(close - close ), Length) Normalization Factor Scales the volatility unit to align with the RSI formula’s structure. normalization_factor = 1 / (Length - 1) Upper and Lower Boundaries Defines price bands corresponding to selected RSI threshold values. up_b = myEMA + ((upper - 50) / 50) * (CC_vol / normalization_factor) down_b = myEMA - ((50 - lower) / 50) * (CC_vol / normalization_factor) Inputs RSI length Upper boundary – RSI level above 50 Lower boundary – RSI level below 50 ON/OFF toggle for 50-point line (EMA of close prices) ON/OFF toggle for overbought/oversold coloring (use with line chart) Interpretation: Each band on the chart represents a chosen RSI level. When price touches a band, RSI is at that threshold. The distance between moving average and bands adjusts automatically with volatility and your selected RSI length. All calculations remain fully consistent with standard RSI values. Feedback and code suggestions are welcome, especially regarding implementation efficiency and customization.
Pine Script® indicator
by AdaptiveRSI
6
Aggregated Scores Oscillator [Alpha Extract]A sophisticated risk-adjusted performance measurement system that combines Omega Ratio and Sortino Ratio methodologies to create a comprehensive market assessment oscillator. Utilizing advanced statistical band calculations with expanding and rolling window analysis, this indicator delivers institutional-grade overbought/oversold detection based on risk-adjusted returns rather than traditional price movements. The system's dual-ratio aggregation approach provides superior signal accuracy by incorporating both upside potential and downside risk metrics with dynamic threshold adaptation for varying market conditions. 🔶 Advanced Statistical Framework Implements dual statistical methodologies using expanding and rolling window calculations to create adaptive threshold bands that evolve with market conditions. The system calculates cumulative statistics alongside rolling averages to provide both historical context and current market regime sensitivity with configurable window parameters for optimal performance across timeframes. 🔶 Dual Ratio Integration System Combines Omega Ratio analysis measuring excess returns versus deficit returns with Sortino Ratio calculations focusing on downside deviation for comprehensive risk-adjusted performance assessment. The system applies configurable smoothing to both ratios before aggregation, ensuring stable signal generation while maintaining sensitivity to regime changes. // Omega Ratio Calculation Excess_Return = sum((Daily_Return > Target_Return ? Daily_Return - Target_Return : 0), Period) Deficit_Return = sum((Daily_Return < Target_Return ? Target_Return - Daily_Return : 0), Period) Omega_Ratio = Deficit_Return ≠ 0 ? (Excess_Return / Deficit_Return) : na // Sortino Ratio Framework Downside_Deviation = sqrt(sum((Daily_Return < Target_Return ? (Daily_Return - Target_Return)² : 0), Period) / Period) Sortino_Ratio = (Mean_Return / Downside_Deviation) * sqrt(Annualization_Factor) // Aggregated Score Aggregated_Score = SMA(Omega_Ratio, Omega_SMA) + SMA(Sortino_Ratio, Sortino_SMA) 🔶 Dynamic Band Calculation Engine Features sophisticated threshold determination using both expanding historical statistics and rolling window analysis to create adaptive overbought/oversold levels. The system incorporates configurable multipliers and sensitivity adjustments to optimize signal timing across varying market volatility conditions with automatic band convergence logic. 🔶 Signal Generation Framework Generates overbought conditions when aggregated score exceeds adjusted upper threshold and oversold conditions below lower threshold, with neutral zone identification for range-bound markets. The system provides clear binary signal states with background zone highlighting and dynamic oscillator coloring for intuitive market condition assessment. 🔶 Enhanced Visual Architecture Provides modern dark theme visualization with neon color scheme, dynamic oscillator line coloring based on signal states, and gradient band fills for comprehensive market condition visualization. The system includes zero-line reference, statistical band plots, and background zone highlighting with configurable transparency levels. snapshot 🔶 Risk-Adjusted Performance Analysis Utilizes target return parameters for customizable risk assessment baselines, enabling traders to evaluate performance relative to specific return objectives. The system's focus on downside deviation through Sortino analysis provides superior risk-adjusted signals compared to traditional volatility-based oscillators that treat upside and downside movements equally. 🔶 Multi-Timeframe Adaptability Features configurable calculation periods and rolling windows to optimize performance across various timeframes from intraday to long-term analysis. The system's statistical foundation ensures consistent signal quality regardless of timeframe selection while maintaining sensitivity to market regime changes through adaptive band calculations. 🔶 Performance Optimization Framework Implements efficient statistical calculations with optimized variable management and configurable smoothing parameters to balance responsiveness with signal stability. The system includes automatic band adjustment mechanisms and rolling window management for consistent performance across extended analysis periods. This indicator delivers sophisticated risk-adjusted market analysis by combining proven statistical ratios in a unified oscillator framework. Unlike traditional overbought/oversold indicators that rely solely on price movements, the ASO incorporates risk-adjusted performance metrics to identify genuine market extremes based on return quality rather than price volatility alone. The system's adaptive statistical bands and dual-ratio methodology provide institutional-grade signal accuracy suitable for systematic trading approaches across cryptocurrency, forex, and equity markets with comprehensive visual feedback and configurable risk parameters for optimal strategy integration.
Pine Script® indicator
by AlphaExtract
2
Trend/Range Composite (Single-Line) v1.4🔹 Step 1: Add it to your chart Copy the whole script. In TradingView → Pine Editor → paste it. Click Add to chart. It will show a white line in a subwindow, plus thresholds at 40 and 60, and a colored background. Optional: You’ll see a status box (top-right of chart) with details like ADX, ATR, slope, etc. 🔹 Step 2: Understand the Score The indicator compresses all signals into a 0–100 “Trend Strength Score”: ≥ 60 = TREND (teal background) → Market is trending, consider trend strategies like vertical spreads, runners, breakouts. ≤ 40 = RANGE (orange background) → Market is choppy/sideways, consider range strategies like butterflies, condors, mean-reversion fades. 40–60 = MIXED (gray background) → Indecision / chop. Best to reduce size or wait for clarity. 🔹 Step 3: Use with Your Trading Plan Intraday (5m, 15m, 30m) Score < 40 → play support/resistance bounces, fade extremes. Score > 60 → play momentum breakouts or pullback continuations. Daily chart Good for swing context (is this month trending or just chopping?). 🔹 Step 4: Alerts You can set TradingView alerts: Cross above 60 → market entering trend mode. Cross below 40 → market entering range mode. Useful if you don’t want to watch constantly. 🔹 Step 5: Confirm with Price Levels The score tells you “trend vs range”, but you still need levels: If score < 40 → mark PDH / PDL (previous day high/low), VAH/VAL, VWAP. Expect rejections/fades. If score > 60 → watch for breakouts beyond PDH/PDL or supply/demand zones.
Pine Script® indicator
by somberTruffle15943
MFx Radar (Money Flow x-Radar)Description: MFx Radar is a precision-built multi-timeframe analysis tool designed to identify high-probability trend shifts and accumulation/distribution events using a combination of WaveTrend dynamics, normalized money flow, RSI, BBWP, and OBV-based trend biasing. Multi-Timeframe Trend Scanner Analyze trend direction across 5 customizable timeframes using WaveTrend logic to produce a clear trend consensus. Smart Money Flow Detection Adaptive hybrid money flow combines CMF and MFI, normalized across lookback periods, to pinpoint shifts in accumulation or distribution with high sensitivity. Event-Based Labels & Alerts Minimalist "Accum" and "Distr" text labels appear at key inflection points, based on hybrid flow flips — designed to highlight smart money moves without clutter. Trigger & Pattern Recognition Built-in logic detects anchor points, trigger confirmations, and rare "Snake Eye" formations directly on WaveTrend, enhancing trade timing accuracy. Visual Dashboard Table A real-time table provides score-based insight into signal quality, trend direction, and volume behavior, giving you a full picture at a glance. MFx Radar helps streamline discretionary and system-based trading decisions by surfacing key confluences across price, volume, and momentum all while staying out of your way visually. How to Use MFx Radar MFx Radar is a multi-timeframe market intelligence tool designed to help you spot trend direction, momentum shifts, volume strength, and high-probability trade setups using confluence across price, flow, and timeframes. Where to find settings To see the full visual setup: After adding the script, open the Settings gear. Go to the Inputs tab and enable: Show Trigger Diamonds Show WT Cross Circles Show Anchor/Trigger/Snake Eye Labels Show Table Show OBV Divergence Show Multi-TF Confluence Show Signal Score Then, go to the Style tab to adjust colors and fills for the wave plots and hybrid money flow. (Use published chart as a reference.) What the Waves and Colors Mean Blue WaveTrend (WT1 / WT2). These are the main momentum waves. WT1 > WT2 = bullish momentum WT1 < WT2 = bearish momentum Above zero = bullish bias Below zero = bearish bias When WT1 crosses above WT2, it often marks the beginning of a move — these are shown as green trigger diamonds. VWAP-MACD Line The yellow fill helps spot volume-based momentum. Rising = trend acceleration Use together with BBWP (bollinger band width percentile) and hybrid money flow for confirmation. Hybrid Money Flow Combines CMF and MFI, normalized and smoothed. Green = accumulation Red = distribution Transitions are key — especially when price moves up, but money flow stays red (a divergence warning). This is useful for spotting fakeouts or confirming smart money shifts. Orange Vertical Highlights Shows when price is rising, but money flow is still red. Often a sign of hidden distribution or "exit pump" behavior. Table Dashboard (Bottom-Right) BBWP (Volatility Pulse) When BBWP is low (<20), it signals consolidation — a breakout is likely to follow. Use this with ADX and WaveTrend position to anticipate directional breakouts. Trend by ADX Shows whether the market is trending and in which direction. Combined with money flow and RSI, this gives strong confirmation on breakouts. OBV HTF Bias Gives higher timeframe pressure (bullish/bearish/neutral). Helps avoid taking counter-trend trades. Pattern Labels (WT-Based) A = Anchor Wave — WT hitting oversold T = Trigger Wave — WT turning back up after anchor 👀 = Snake Eyes — Rare pattern, usually signaling strong reversal potential These help in timing entries, especially when they align with other signals like BBWP breakouts, confluence, or smart money flow flips. Multi-Timeframe (MTF) Consensus The system checks WaveTrend on 5 different timeframes and gives: Color-coded signals on each TF A final score: “Mostly Up,” “Mostly Down,” or “Mixed” When MTFs align with wave crosses, BBWP expansion, and hybrid money flow shifts, the probability of sustained move is higher. Divergence Spotting (Advanced Tip) Watch for:Price rising while money flow is red → Possible trap / early exit Price dropping while money flow is green → Early accumulation Combine this with anchor-trigger patterns and MTF trend support for spotting bottoms or tops early. Final Tips Use WT trigger crosses as initial signal. Confirm with money flow direction + color flip Look at BBWP for breakout timing. Use table as your decision dashboard Favor trades that align with MTF consensus
Pine Script® indicator
by renderingnature1
1
RSI Cloud v1.0 [PriceBlance] RSI Cloud v1.0 — Ichimoku-style Cloud on RSI(14), not on price. Recalibrated baselines: EMA9 (Tenkan) for speed, WMA45 (Kijun) for stability. Plus ADX-on-RSI to grade strength so you know when momentum persists or fades. 1. Introduction RSI Cloud v1.0 applies an Ichimoku Cloud directly on RSI(14) to reveal momentum regimes earlier and cleaner than price-based views. We replaced Tenkan with EMA9 (faster, more responsive) and Kijun with WMA45 (slower, more stable) to fit a bounded oscillator (0–100). Forward spans (+26) and a lagging line (−26) provide a clear framework for trend bias and transitions. To qualify signals, the indicator adds ADX computed on RSI—highlighting whether strength is weak, strong, or very strong, so you can decide when to follow, fade, or stand aside. 2. Core Mapping (Hook + Bullets) At a glance: Ichimoku on RSI(14) with recalibrated baselines for a bounded oscillator. Source: RSI(14) Tenkan → EMA9(RSI) (fast, responsive) Kijun → WMA45(RSI) (slow, stable) Span A: classic Ichimoku midline, displaced +26 Span B: classic Ichimoku baseline, displaced +26 Lagging line: RSI shifted −26 3. Key Benefits (Why traders care) Momentum regimes on RSI: position vs. Cloud = bull / bear / transition at a glance. Cleaner confirmations: EMA9/WMA45 pairing cuts noise vs. raw 30/70 flips. Earlier warnings: Cloud breaks on RSI often lead price-based confirmations. 4. ADX on RSI (Enhanced Strength Normalization) Grade strength inside the RSI domain using ADX from ΔRSI: ADX ≤ 20 → Weak (transparency = 60) ADX ≤ 40 → Strong (transparency = 15) ADX > 40 → Very strong (transparency = 0) Use these tiers to decide when to trust, fade, or ignore a signal. 5. How to Read (Quick rules) Bias / Regime Bullish: RSI above Cloud and RSI > WMA45 Bearish: RSI below Cloud and RSI < WMA45 Neutral / Transition: all other cases 6. Settings (Copy & use) RSI Length: 14 (default) Tenkan: EMA9 on RSI · Kijun: WMA45 on RSI Displacement: +26 (Span A/B) · −26 (Lagging) Theme: PriceBlance Dark/Light Visibility toggles: Cloud, Baselines, Lagging, labels/panel, Overbought/Oversold, Divergence, ADX-on-RSI (via transparency coloring) 7. Credits & License Author/Brand: PriceBlance Version: v1.0 (Free) Watermark: PriceBlance • RSI Cloud v1.0 Disclaimer: Educational content; not financial advice. 8. CTA If this helps, please ⭐ Star and Follow for updates & new tools. Feedback is welcome—comment what you’d like added next (alerts, presets, visuals).
Pine Script® indicator
by priceblancetrading
RSI Trendlines and Divergences█OVERVIEW The "RSI Trendlines and Divergences" indicator is an advanced technical analysis tool that leverages the Relative Strength Index (RSI) to draw trendlines and detect divergences. Designed for traders seeking precise market signals, the indicator identifies key pivot points on the RSI chart, draws trendlines between pivots, and detects bullish and bearish divergences. It offers flexible settings, background coloring for breakout signals, and divergence labels, supported by alerts for key events. The indicator is universal and works across all markets (stocks, forex, cryptocurrencies) and timeframes. █CONCEPTS The indicator was developed to provide an alternative signal source for the RSI oscillator. Trendline breakouts and bounces off trendlines offer a broader perspective on potential price behavior. Combining these with traditional RSI signal interpretation can serve as a foundation for creating various trading strategies. █FEATURES - RSI and Pivot Calculation: Calculates RSI based on the selected source price (default: close) with a customizable period (default: 14). Identifies pivot points on RSI and price for trendlines and divergences. - RSI Trendlines: Draws trendlines connecting RSI pivots (upper for downtrends, lower for uptrends) with optional extension (default: 30 bars). The trendline appears and generates a signal only after the first RSI crossover. Lines are colored (red for upper, green for lower). - Trendline Fill: Widens the trendline with a tolerance margin expressed in RSI points, reducing signal noise and visually highlighting trend zones. Breaking this zone is a condition for generating signals, minimizing false signals. The tolerance margin can be increased or decreased. - Divergence Detection: Identifies bullish and bearish divergences based on RSI and price pivots, displaying labels (“Bull” for bullish, “Bear” for bearish) with adjustable transparency. Divergence labels appear with a delay equal to the specified pivot length (default: 5). Higher values yield stronger signals but with greater delay. - Breakout Signals: Generates signals when RSI crosses the trendline (bullish for upper lines, bearish for lower lines), with background coloring for signal confirmation. - Alerts: Built-in alerts for: Detection of bullish and bearish divergences. Upper trendline crossover (bullish signal). Lower trendline crossover (bearish signal). - Customization: Allows adjustment of RSI length, pivot settings, line colors, fills, labels, and transparency of signals and background. █HOW TO USE Add the indicator to your TradingView chart via the Pine Editor or Indicators menu. Configuring Settings. RSI Settings - RSI Length: Period for RSI calculation (default: 14). - SMA Length: Period for RSI moving average (default: 9). - Source: Source price for RSI (default: close). Pivot Settings for Trend - Left Bars for Pivot: Number of bars back for detecting pivots (default: 10). - Right Bars for Pivot: Number of bars forward for confirming pivots (default: 10). - Extension after Second Pivot: Number of bars to extend the trendline (default: 30, 0 = none). Extension increases the number of signals, while shortening reduces them. - Tolerance: Deviation in RSI points to widen the breakout margin, reducing signal noise (default: 3.0). Divergence Settings - Enable Divergence Detection: Enables/disables divergence detection (default: enabled). - Pivot Length for Divergence: Pivot period for divergences (default: 5). Style Settings - Upper Trendline Color: Color for downtrend lines (default: red). - Upper Fill Color: Fill color for upper lines (default: red, transparency 70). - Lower Trendline Color: Color for uptrend lines (default: green). - Lower Fill Color: Fill color for lower lines (default: green, transparency 70). - SMA Color: Color for RSI moving average (default: yellow). - Bullish Divergence Color: Color for bullish labels (default: green). - Bearish Divergence Color: Color for bearish labels (default: red). - Text Color: Color for label text (default: white). - Divergence Label Transparency: Transparency of labels (0-100, default: 40). - Signal Background Transparency: Transparency of breakout signal background (0-100, default: 80). Interpreting Signals - Trendlines: Upper lines (red) indicate RSI downtrends, lower lines (green) indicate uptrends. The trendline appears and generates a signal only after the first RSI crossover. Trendline breakouts suggest potential trend reversals. - Divergences: “Bull” labels indicate bullish divergence (potential rise), “Bear” labels indicate bearish divergence (potential decline), with a delay based on pivot length (default: 5). Divergences serve as confirmation or warning of trend reversal, not as standalone signals. - Signal Background: Green background signals bullish breakouts, red background signals bearish breakouts. - RSI Levels: Horizontal lines at 70 (overbought), 50 (midline), and 30 (oversold) help assess market zones. - Alerts: Set up alerts in TradingView for divergences or trendline breakouts. Combining with Other Tools: Use with support/resistance levels, Fibonacci levels, or other indicators for signal confirmation. █APPLICATIONS The "RSI Trendlines and Divergence" indicator is designed to identify trends and potential reversal points, supporting both trend-following and reversal strategies: - Trend Confirmation: Trendlines indicate the RSI trend direction, with breakouts signaling potential reversals. The indicator is functional in traditional RSI usage, allowing classic RSI interpretation (e.g., returning from overbought/oversold zones). Combining trendline breakouts with RSI signal levels, such as a return from overbought or oversold zones paired with a trendline breakout, strengthens the signal. - Divergence Detection: Divergences serve as confirmation or warning of trend reversal, not as standalone signals. █NOTES - Adjust settings (e.g., RSI length, pivots, tolerance) to suit your trading style and timeframe. - Combine with other technical analysis tools to enhance signal accuracy.
Pine Script® indicator
by Uncle_the_shooter
7
Extreme Pressure Zones Indicator (EPZ) [BullByte]Extreme Pressure Zones Indicator(EPZ) The Extreme Pressure Zones (EPZ) Indicator is a proprietary market analysis tool designed to highlight potential overbought and oversold "pressure zones" in any financial chart. It does this by combining several unique measurements of price action and volume into a single, bounded oscillator (0–100). Unlike simple momentum or volatility indicators, EPZ captures multiple facets of market pressure: price rejection, trend momentum, supply/demand imbalance, and institutional (smart money) flow. This is not a random mashup of generic indicators; each component was chosen and weighted to reveal extreme market conditions that often precede reversals or strong continuations. What it is? EPZ estimates buying/selling pressure and highlights potential extreme zones with a single, bounded 0–100 oscillator built from four normalized components. Context-aware weighting adapts to volatility, trendiness, and relative volume. Visual tools include adaptive thresholds, confirmed-on-close extremes, divergence, an MTF dashboard, and optional gradient candles. Purpose and originality (not a mashup) Purpose: Identify when pressure is building or reaching potential extremes while filtering noise across regimes and symbols. Originality: EPZ integrates price rejection, momentum cascade, pressure distribution, and smart money flow into one bounded scale with context-aware weighting. It is not a cosmetic mashup of public indicators. Why a trader might use EPZ EPZ provides a multi-dimensional gauge of market extremes that standalone indicators may miss. Traders might use it to: Spot Reversals: When EPZ enters an "Extreme High" zone (high red), it implies selling pressure might soon dominate. This can hint at a topside reversal or at least a pause in rallies. Conversely, "Extreme Low" (green) can highlight bottom-fish opportunities. The indicator's divergence module (optional) also finds hidden bullish/bearish divergences between price and EPZ, a clue that price momentum is weakening. Measure Momentum Shifts: Because EPZ blends momentum and volume, it reacts faster than many single metrics. A rising MPO indicates building bullish pressure, while a falling MPO shows increasing bearish pressure. Traders can use this like a refined RSI: above 50 means bullish bias, below 50 means bearish bias, but with context provided by the thresholds. Filter Trades: In trend-following systems, one could require EPZ to be in the bullish (green) zone before taking longs, or avoid new trades when EPZ is extreme. In mean-reversion systems, one might specifically look to fade extremes flagged by EPZ. Multi-Timeframe Confirmation: The dashboard can fetch a higher timeframe EPZ value. For example, you might trade a 15-minute chart only when the 60-minute EPZ agrees on pressure direction. Components and how they're combined Rejection (PRV) – Captures price rejection based on candle wicks and volume (see Price Rejection Volume). Momentum Cascade (MCD) – Blends multiple momentum periods (3,5,8,13) into a normalized momentum score. Pressure Distribution (PDI) – Measures net buy/sell pressure by comparing volume on up vs down candles. Smart Money Flow (SMF) – An adaptation of money flow index that emphasizes unusual volume spikes. Each of these components produces a 0–100 value (higher means more bullish pressure). They are then weighted and averaged into the final Market Pressure Oscillator (MPO), which is smoothed and scaled. By combining these four views, EPZ stands out as a comprehensive pressure gauge – the whole is greater than the sum of parts Context-aware weighting: Higher volatility → more PRV weight Trendiness up (RSI of ATR > 25) → more MCD weight Relative volume > 1.2x → more PDI weight SMF holds a stable weight The weighted average is smoothed and scaled into MPO ∈ with 50 as the neutral midline. What makes EPZ stand out Four orthogonal inputs (price action, momentum, pressure, flow) unified in a single bounded oscillator with consistent thresholds. Adaptive thresholds (optional) plus robust extreme detection that also triggers on crossovers, so static thresholds work reliably too. Confirm Extremes on Bar Close (default ON): dots/arrows/labels/alerts print on closed bars to avoid repaint confusion. Clean dashboard, divergence tools, pre-alerts, and optional on-price gradients. Visual 3D layering uses offsets for depth only,no lookahead. Recommended markets and timeframes Best: liquid symbols (index futures, large-cap equities, major FX, BTC/ETH). Timeframes: 5–15m (more signals; consider higher thresholds), 1H–4H (balanced), 1D (clear regimes). Use caution on illiquid or very low TFs where wick/volume geometry is erratic. Logic and thresholds MPO ∈ ; 50 = neutral. Above 50 = bullish pressure; below 50 = bearish. Static thresholds (defaults): thrHigh = 70, thrLow = 30; warning bands 5 pts inside extremes (65/35). Adaptive thresholds (optional): thrHigh = min(BaseHigh + 5, mean(MPO,100) + stdev(MPO,100) × ExtremeSensitivity) thrLow = max(BaseLow − 5, mean(MPO,100) − stdev(MPO,100) × ExtremeSensitivity) Extreme detection High: MPO ≥ thrHigh with peak/slope or crossover filter. Low: MPO ≤ thrLow with trough/slope or crossover filter. Cooldown: 5 bars (default). A new extreme will not print until the cooldown elapses, even if MPO re-enters the zone. Confirmation "Confirm Extremes on Bar Close" (default ON) gates extreme markers, pre-alerts, and alerts to closed bars (non-repainting). Divergences Pivot-based bullish/bearish divergence; tags appear only after left/right bars elapse (lookbackPivot). MTF HTF MPO retrieved with lookahead_off; values can update intrabar and finalize at HTF close. This is disclosed and expected. Inputs and defaults (key ones) Core: Sensitivity=1.0; Analysis Period=14; Smoothing=3; Adaptive Thresholds=OFF. Extremes: Base High=70, Base Low=30; Extreme Sensitivity=1.5; Confirm Extremes on Bar Close=ON; Cooldown=5; Dot size Small/Tiny. Visuals: Heatmap ON; 3D depth optional; Strength bars ON; Pre-alerts OFF; Divergences ON with tags ON; Gradient candles OFF; Glow ON. Dashboard: ON; Position=Top Right; Size=Normal; MTF ON; HTF=60m; compact overlay table on price chart. Advanced caps: Max Oscillator Labels=80; Max Extreme Guide Lines=80; Divergence objects=60. Dashboard: what each element means Header: EPZ ANALYSIS. Large readout: Current MPO; color reflects state (extreme, approaching, or neutral). Status badge: "Extreme High/Low", "Approaching High/Low", "Bullish/Neutral/Bearish". HTF cell (when MTF ON): Higher-timeframe MPO, color-coded vs extremes; updates intrabar, settles at HTF close. Predicted (when MTF OFF): Simple MPO extrapolation using momentum/acceleration—illustrative only. Thresholds: Current thrHigh/thrLow (static or adaptive). Components: ASCII bars + values for PRV, MCD, PDI, SMF. Market metrics: Volume Ratio (x) and ATR% of price. Strength: Bar indicator of |MPO − 50| × 2. Confidence: Heuristic gauge (100 in extremes, 70 in warnings, 50 with divergence, else |MPO − 50|). Convenience only, not probability. How to read the oscillator MPO Value (0–100): A reading of 50 is neutral. Values above ~55 are increasingly bullish (green), while below ~45 are increasingly bearish (red). Think of these as "market pressure". Extreme Zones: When MPO climbs into the bright orange/red area (above the base-high line, default 70), the chart will display a dot and downward arrow marking that extreme. Traders often treat this as a sign to tighten stops or look for shorts. Similarly, a bright green dot/up-arrow appears when MPO falls below the base-low (30), hinting at a bullish setup. Heatmap/Candles: If "Pressure Heatmap" is enabled, the background of the oscillator pane will fade green or red depending on MPO. Users can optionally color the price candles by MPO value (gradient candles) to see these extremes on the main chart. Prediction Zone(optional): A dashed projection line extends the MPO forward by a small number of bars (prediction_bars) using current MPO momentum and acceleration. This is a heuristic extrapolation best used for short horizons (1–5 bars) to anticipate whether MPO may touch a warning or extreme zone. It is provisional and becomes less reliable with longer projection lengths — always confirm predicted moves with bar-close MPO and HTF context before acting. Divergences: When price makes a higher high but EPZ makes a lower high (bearish divergence), the indicator can draw dotted lines and a "Bear Div" tag. The opposite (lower low price, higher EPZ) gives "Bull Div". These signals confirm waning momentum at extremes. Zones: Warning bands near extremes; Extreme zones beyond thresholds. Crossovers: MPO rising through 35 suggests easing downside pressure; falling through 65 suggests waning upside pressure. Dots/arrows: Extreme markers appear on closed bars when confirmation is ON and respect the 5-bar cooldown. Pre-alert dots (optional): Proximity cues in warning zones; also gated to bar close when confirmation is ON. Histogram: Distance from neutral (50); highlights strengthening or weakening pressure. Divergence tags: "Bear Div" = higher price high with lower MPO high; "Bull Div" = lower price low with higher MPO low. Pressure Heatmap : Layered gradient background that visually highlights pressure strength across the MPO scale; adjustable intensity and optional zone overlays (warning / extreme) for quick visual scanning. A typical reading: If the oscillator is rising from neutral towards the high zone (green→orange→red), the chart may see strong buying culminating in a stall. If it then turns down from the extreme, that peak EPZ dot signals sell pressure. Alerts EPZ: Extreme Context — fires on confirmed extremes (respects cooldown). EPZ: Approaching Threshold — fires in warning zones if no extreme. EPZ: Divergence — fires on confirmed pivot divergences. Tip: Set alerts to "Once per bar close" to align with confirmation and avoid intrabar repaint. Practical usage ideas Trend continuation: In positive regimes (MPO > 50 and rising), pullbacks holding above 50 often precede continuation; mirror for bearish regimes. Exhaustion caution: E High/E Low can mark exhaustion risk; many wait for MPO rollover or divergence to time fades or partial exits. Adaptive thresholds: Useful on assets with shifting volatility regimes to maintain meaningful "extreme" levels. MTF alignment: Prefer setups that agree with the HTF MPO to reduce countertrend noise. Examples Screenshots captured in TradingView Replay to freeze the bar at close so values don't fluctuate intrabar. These examples use default settings and are reproducible on the same bars; they are for illustration, not cherry-picking or performance claims. Example 1 — BTCUSDT, 1h — E Low MPO closed at 26.6 (below the 30 extreme), printing a confirmed E Low. HTF MPO is 26.6, so higher-timeframe pressure remains bearish. Components are subdued (Momentum/Pressure/Smart$ ≈ 29–37), with Vol Ratio ≈ 1.19x and ATR% ≈ 0.37%. A prior Bear Div flagged weakening impulse into the drop. With cooldown set to 5 bars, new extremes are rate-limited. Many traders wait for MPO to curl up and reclaim 35 or for a fresh Bull Div before considering countertrend ideas; if MPO cannot reclaim 35 and HTF stays weak, treat bounces cautiously. Educational illustration only. Example 2 — ETHUSD, 30m — E High A strong impulse pushed MPO into the extreme zone (≥ 70), printing a confirmed E High on close. Shortly after, MPO cooled to ~61.5 while a Bear Div appeared, showing momentum lag as price pushed a higher high. Volume and volatility were elevated (≈ 1.79x / 1.25%). With a 5-bar cooldown, additional extremes won't print immediately. Some treat E High as exhaustion risk—either waiting for MPO rollover under 65/50 to fade, or for a pullback that holds above 50 to re-join the trend if higher-timeframe pressure remains constructive. Educational illustration only. Known limitations and caveats The MPO line itself can change intrabar; extreme markers/alerts do not repaint when "Confirm Extremes on Bar Close" is ON. HTF values settle at the close of the HTF bar. Illiquid symbols or very low TFs can be noisy; consider higher thresholds or longer smoothing. Prediction line (when enabled) is a visual extrapolation only. For coders Pine v6. MTF via request.security with lookahead_off. Extremes include crossover triggers so static thresholds also yield E High/E Low. Extreme markers and pre-alerts are gated by barstate.isconfirmed when confirmation is ON. Arrays prune oldest objects to respect resource limits; defaults (80/80/60) are conservative for low TFs. 3D layering uses negative offsets purely for drawing depth (no lookahead). Screenshot methodology: To make labels legible and to demonstrate non-repainting behavior, the examples were captured in TradingView Replay with "Confirm Extremes on Bar Close" enabled. Replay is used only to freeze the bar at close so plots don't change intrabar. The examples use default settings, include both Extreme Low and Extreme High cases, and can be reproduced by scrolling to the same bars outside Replay. This is an educational illustration, not a performance claim. Disclaimer This script is for educational purposes only and does not constitute financial advice. Markets involve risk; past behavior does not guarantee future results. You are responsible for your own testing, risk management, and decisions.
Pine Script® indicator
by BullByte
11
Enhanced Std Dev Oscillator (Z-Score)Enhanced Std Dev Oscillator (Z-Score) Overview The Enhanced Std Dev Oscillator (ESDO) is a refined Z-Score indicator that normalizes price deviations from a moving mean using standard deviation, smoothed for clarity and equipped with divergence detection. This oscillator shines in identifying extreme overbought/oversold conditions and potential reversals, making it ideal for mean-reversion strategies in stocks, forex, or crypto. By highlighting when prices stray too far from the norm, it helps traders avoid chasing trends and focus on high-probability pullbacks. Key Features Customisable Mean & Deviation: Choose SMA or EMA for the mean (default: SMA, length 14); opt for Population or Sample standard deviation for precise statistical accuracy. Smoothing for Clarity: Apply a simple moving average (default: 3) to the raw Z-Score, reducing noise without lagging signals excessively. Zone Highlighting: Background colours flag extreme zones—red tint above +2 (overbought), green below -2 (oversold)—for quick visual scans. Divergence Alerts: Automatically detects bullish (price lows lower, Z-Score higher) and bearish (price highs higher, Z-Score lower) divergences using pivot points (default length: 5), with labeled shapes for easy spotting. Built-in Alerts: Notifications for Z-Score crossovers into OB/OS zones and divergence events to keep you informed without constant monitoring. How It Works Core Calculation: Computes the mean (SMA/EMA) over the specified length, then standard deviation (Population or adjusted Sample formula for N>1). Z-Score = (Source - Mean) / Std Dev, handling edge cases like zero deviation. Smoothing: Averages the Z-Score with an SMA to create a cleaner plot oscillating around zero. Levels & Zones: Plots horizontal lines at ±1 (orange dotted) and ±2 (red dashed) for reference; backgrounds activate in extreme zones. Divergence Logic: Scans for pivot highs/lows in price and Z-Score; flags divergences when price extremes diverge from oscillator extremes (looking back 2 pivots for confirmation). Visualisation: Blue line for the smoothed Z-Score; green/red labels for bull/bear divergences. Usage Tips Buy Signal: Z-Score crosses below -2 (oversold) or bullish divergence forms—pair with volume spike for confirmation. Sell Signal: Z-Score crosses above +2 (overbought) or bearish divergence—watch for resistance alignment. Customisation: Use EMA mean for trendier assets; enable Sample std dev for smaller datasets. Increase pivot length (7-10) in volatile markets to filter false signals. Timeframes: Excels on daily/4H for swing trades; test smoothing on lower frames to avoid over-smoothing. Always combine with trend filters like a 200-period MA. This open-source script is licensed under Mozilla Public License 2.0. Backtest thoroughly—past performance isn't indicative of future results. Trade with discipline! 📈 © HighlanderOne
Pine Script® indicator
by HighlanderOne
Advanced Directional Stoch RSIAdvanced Directional Stochastic RSI Overview The Advanced Directional Stochastic RSI (Adv Stoch RSI Dir) is a powerful oscillator that combines the classic Stochastic RSI with John Ehlers' SuperSmoother filter for ultra-smooth signals and reduced noise. Unlike traditional Stoch RSI, this indicator incorporates directional coloring based on price action relative to a smoothed trend line, helping traders quickly spot bullish or bearish momentum. It's designed for swing traders and scalpers looking for clearer overbought/oversold conditions in volatile markets. Key Features Directional Coloring: %K line turns green when price is above the trend MA (bullish) and red when below (bearish), providing instant visual bias. Multi-Pass SuperSmoothing: Apply Ehlers' SuperSmoother filter up to 5 times for customizable noise reduction—dial in passes (default: 2) to balance responsiveness and smoothness. Trend-Aware Baseline: Uses a cascaded smoothed moving average (default length: 20) to gauge overall direction, making the oscillator more context-aware. Classic Stoch RSI Core: Built on RSI (default: 14) and Stochastic (default: 14), with SMA smoothing for %K (3) and %D (3). Visual Aids: Includes overbought (80), oversold (20), and midline (50) levels, plus a subtle blue fill between OB/OS zones for easy reference. How It Works Source Smoothing: The input source (default: close) is passed through the SuperSmoother filter multiple times to create a trend MA. Stoch RSI Calculation: Computes RSI on the source, then applies Stochastic to the RSI values, followed by SMA smoothing for base %K and %D. Advanced Smoothing: Extra SuperSmoother layers are applied to %K and %D based on your chosen passes, minimizing whipsaws. Directional Logic: Compares current close to the trend MA to color %K dynamically. Plotting: %K (thick line, colored) and %D (thin orange) oscillate between 0-100, highlighting crossovers and divergences. Usage Tips Buy Signal: Green %K crosses above %D below 50, or bounces off oversold (20) in uptrends. Sell Signal: Red %K crosses below %D above 50, or rejects overbought (80) in downtrends. Customization: Increase smoothing passes (3-5) for choppy markets; reduce for faster signals. Pair with volume or support/resistance for confirmation. Timeframes: Best on 1H-4H charts for stocks/crypto; adjust lengths for forex. This open-source script is licensed under Mozilla Public License 2.0. Backtest thoroughly—past performance isn't indicative of future results. Enjoy trading smarter with less noise! 🚀 © HighlanderOne
Pine Script® indicator
by HighlanderOne