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Bollinger Bands % | QuantEdgeB📊 Introducing Bollinger Bands % (BB%) by QuantEdgeB 🛠️ Overview BB% | QuantEdgeB is a volatility-aware momentum tool that maps price within a Bollinger envelope onto a normalized scale. By letting you choose the base moving average (SMA, EMA, DEMA, TEMA, HMA, ALMA, EHMA, THMA, RMA, WMA, VWMA, T3, LSMA) and even Heikin-Ashi sources, it adapts to your style while keeping readings consistent across symbols and timeframes. Clear thresholds and color-coded visuals make it easy to spot emerging strength, fading moves, and potential mean-reversions. ✨ Key Features • 🔹 Flexible Baseline Pick from 12 MA types (plus Heikin-Ashi source option) to tailor responsiveness and smoothness. • 🔹 Normalized Positioning Price is expressed as a percentage of the band range, yielding an intuitive 0–100 style read (can exceed in extreme trends). • 🔹 Actionable Thresholds Default Long 55 / Short 45 levels provide simple, objective triggers. • 🔹 Visual Clarity Color-coded candles, shaded OB/OS zones, and adaptive color themes speed up decision-making. • 🔹 Ready-to-Alert Built-in alerts for long/short transitions. 📐 How It Works 1️⃣ Band Construction A moving average (your choice) defines the midline; volatility (standard deviation) builds upper/lower bands. 2️⃣ Normalization The indicator measures where price sits between the lower and upper band, scaling that into a bounded oscillator (BB%). 3️⃣ Signal Logic • ✅ Long when BB% rises above 55 (strength toward the top of the envelope). • ❌ Short when BB% falls below 45 (weakness toward the bottom). 4️⃣ OB/OS Context Shaded regions above/below typical ranges highlight exhaustion and potential snap-backs. ⚙️ Custom Settings • Base MA Type: SMA, EMA, DEMA, TEMA, HMA, ALMA, EHMA, THMA, RMA, WMA, VWMA, T3, LSMA • Source Mode: Classic price or Heikin-Ashi (close/open/high/hlc3) • Base Length: default 40 • Band Width: standard deviation-based (2× SD by default) • Long / Short Thresholds: defaults 55 / 45 • Color Mode: Alpha, MultiEdge, TradingSuite, Premium, Fundamental, Classic, Warm, Cold, Strategy • Candles & Labels: optional candle coloring and signal markers 👥 Ideal For ✅ Trend Followers — Ride strength as price compresses near the upper band. ✅ Swing/Mean-Reversion Traders — Fade extremes when BB% stretches into OB/OS zones. ✅ Multi-Timeframe Analysts — Compare band position consistently across periods. ✅ System Builders — Use BB% as a normalized feature for strategies and filters. 📌 Conclusion BB% | QuantEdgeB delivers a clean, normalized read of price versus its volatility envelope—adaptable via rich MA/source options and easy to automate with thresholds and alerts. 🔹 Key Takeaways: 1️⃣ Normalized view of price inside the volatility bands 2️⃣ Flexible baseline (12+ MA choices) and Heikin-Ashi support 3️⃣ Straightforward 55/45 triggers with clear visual context 📌 Disclaimer: Past performance is not indicative of future results. No strategy guarantees success. 📌 Strategic Advice: Always backtest, tune parameters, and align with your risk profile before live trading.
Pine Script® indicator
by QuantEdgeB
Dual Custom Index with SpreadDual Custom Index with Spread Create powerful custom indices from any instruments and analyze their relative strength dynamics Overview This advanced indicator allows you to build two completely customizable indices from your choice of instruments and analyze their spread relationship. Perfect for inter-market analysis, sector rotation strategies, currency strength comparisons, and sophisticated relative performance studies. Key Features 🔧 Fully Customizable Index Construction Build each index from up to 6 instruments with individual weightings Enable/disable instruments on the fly without losing settings Automatic weight validation ensures mathematically accurate calculations Invert functionality for instruments that move opposite to index strength 📊 Advanced ADX-Based Methodology Uses sophisticated ADX +DI/-DI directional bias calculations Normalized bias calculation for consistent scaling across different instruments Optimized default settings for intraday trading with full customization options Professional-grade smoothing and filtering options 📈 Dual Analysis Modes Difference Mode: Shows absolute strength difference (Index1 - Index2) Ratio Mode: Shows relative performance ratio (Index1 / Index2) Additional spread smoothing for cleaner signals 🎨 Professional Display Options Custom labels with full color, size, and positioning control Dynamic "Follow Line" labels that move with your data Static corner positioning for reference displays Clean error messaging and validation feedback Use Cases Gold Trading: Create gold strength vs USD strength indices for precise market timing Sector Analysis: Compare technology vs financial sector strength for rotation strategies Currency Strength: Build custom currency baskets for advanced forex analysis Commodity Spreads: Analyze relative strength between different commodity groups Regional Markets: Compare strength between different geographical market indices Crypto Analysis: Track relative performance between different cryptocurrency sectors Technical Specifications Instruments per Index: Up to 6 with individual enable/disable Weight Validation: Automatic 100% total weight enforcement Calculation Method: ADX-based directional bias with trend strength weighting Smoothing Options: Multiple levels of customizable smoothing Error Handling: Professional validation with clear user feedback Optimization Tips Intraday Trading: Use DI Length 3-7 for faster response Daily Analysis: Use DI Length 10-14 for smoother signals Noisy Markets: Increase Final Smoothing for cleaner signals Trending Markets: Lower smoothing values for faster reaction Perfect for traders who need sophisticated inter-market analysis tools beyond standard indicators. Whether you're analyzing gold vs dollar dynamics, sector rotation opportunities, or custom currency strength relationships, this indicator provides institutional-grade analysis capabilities with complete customization flexibility.
Pine Script® indicator
by d_day_80
MVRV and RSI Std DevThis indicator provides a comprehensive, long-term view of market risk and opportunity for Bitcoin by combining fundamental on-chain data with classic momentum analysis. How It Works: The oscillator's value is calculated by multiplying two key metrics: MVRV Ratio: An on-chain metric that indicates if the market price is "fair," "overvalued," or "undervalued" relative to the average price at which all coins last moved. Weekly RSI: The standard Relative Strength Index on a weekly timeframe to measure long-term market momentum and identify overbought/oversold conditions. Key Features: Adaptive Risk Bands: Instead of fixed "overbought/oversold" levels, this indicator uses dynamic bands based on a long-term 4 year moving average and standard deviation. These bands automatically adjust to the market's changing volatility and cyclical nature, ensuring the risk/reward zones remain relevant over time. Gradient Coloring: The oscillator line is colored on a smooth gradient from deep green (high reward/low risk) to bright red (high risk/low reward). This provides an intuitive, at-a-glance visualization of the market's "temperature."
Pine Script® indicator
by wjstienstra
Minimalist RSI - Nasdaq (14) with Volume Filter and AlertsDescription: This indicator shows the standard RSI (period 14) adapted for Nasdaq, with a clean and minimalist design. It adds visual levels for overbought (75) and oversold (25), plus an optional centerline 50 to better interpret momentum. It incorporates a high volume visual filter to confirm signals and avoid false entries in low-interest conditions. Buy and sell signals are based on RSI crosses in extreme zones, optionally filtered by volume to improve reliability. You can enable automatic alerts to receive notifications when important signals occur. How to use: Watch the RSI and its position relative to overbought/oversold zones and the 50 line. Wait for high volume confirmation for greater reliability (you can disable this filter if preferred). Use buy and sell signals alongside your price action and overall context analysis to make decisions. Set alerts to not miss opportunities. Important Notice: This indicator is a support tool, not a complete strategy. Trading involves risks and no guarantees. Always use risk management and test the indicator on a demo before using it live. Personal note: This is my first script and I would love to receive constructive feedback to improve and offer better tools to the community. Thanks for trying it! Motivational phrase: “No risk, no reward.”
Pine Script® indicator
by ShanksMaster
RSI, CCI, ADX Panel (Custom TF for Each)RSI, CCI, ADX Panel (Custom TF for Each) This indicator combines RSI, CCI, and ADX into a single panel, allowing traders to view three key momentum/trend signals together. Each indicator can be calculated on its own custom timeframe, making it useful for multi-timeframe analysis. Features: RSI (Relative Strength Index): Measures momentum, useful for identifying overbought/oversold conditions. CCI (Commodity Channel Index): Detects cyclical movements and potential reversals. ADX (Average Directional Index): Evaluates trend strength without regard to direction. Independent timeframe selection for RSI, CCI, and ADX. Distinct colors for each indicator (RSI = Blue, CCI = Orange, ADX = Purple). Single consolidated panel for compact analysis. This tool is designed to give a multi-perspective view of market strength, momentum, and trend in one place.
Pine Script® indicator
by drashtayoga11
EMAs CrossoverThis Pine Script strategy identifies bullish and bearish crossovers among four EMAs (5, 13, 26, and 50 periods) with an additional alignment condition for the EMAs. It can generate alert when: Bullish Condition: An EMA crossover occurs (5 crossing over 13, 13 over 26, or 26 over 50), and all the shorter-period EMAs are above the longer-period EMAs, indicating a strong upward trend. Bearish Condition: An EMA crossunder happens (5 crossing under 13, 13 under 26, or 26 under 50), and all shorter EMAs are below the longer EMAs, suggesting a strong downward trend. The strategy uses these conditions to enter long positions on bullish signals and short positions on bearish signals.
Pine Script® indicator
by gvm4
Becak I-series: Indicator Floating Panels v.80Becak I-series: Floating Panels v.80th (Indonesia Independence Days) What it does: This indicator creates three floating overlay panels that display MACD, RSI, and Stochastic oscillators directly on your price chart. Unlike traditional separate panes, these panels hover over your chart with customizable positioning and transparency, providing a clean, space-efficient way to monitor multiple technical indicators simultaneously. When to use: When you need to monitor momentum, trend strength, and overbought/oversold conditions without cluttering your workspace Perfect for traders who want quick visual access to multiple oscillators while maintaining focus on price action Ideal for any timeframe and asset class (stocks, crypto, forex, commodities) How it works: The script calculates standard MACD (12,26,9), RSI (14), and Stochastic (14,3,3) values, then renders them as floating panels with: MACD Panel: Shows MACD line (blue), Signal line (orange), and histogram (green/red bars) RSI Panel: Displays RSI line (purple) with overbought (70) and oversold (30) reference levels Stochastic Panel: Shows %K (blue) and %D (orange) lines with optional buy/sell signals and highlighted overbought/oversold zones Customization options: Position: Choose Top, Bottom, or Auto-Center placement Size: Adjust panel height (15-35% of chart) and spacing between panels Positioning: Fine-tune vertical center offset and horizontal positioning Appearance: Toggle panel backgrounds and adjust transparency (50-95%) Parameters: Modify all indicator lengths and overbought/oversold levels Signals: Enable/disable Stochastic crossover signals Display: Control lookback period (30-100 bars) and right margin spacing Universal compatibility: Works seamlessly across all asset types with automatic range detection and scaling. DIRGAHAYU HARI KEMERDEKAAN KE 80 - INDONESIA ... MERDEKA!!!!!
Pine Script® indicator
by kromut76
5
Currency Strength v3.0Currency Strength v3.0 Summary The Currency Strength indicator is a powerful tool designed to gauge the relative strength of major and emerging market currencies. By plotting the True Strength Index (TSI) of various currency indices, it provides a clear visual representation of which currencies are gaining momentum and which are losing it. This indicator automatically detects the currency pair on your chart and highlights the corresponding strength lines, simplifying analysis and helping you quickly identify potential trading opportunities based on currency dynamics. Key Features Comprehensive Currency Analysis: Tracks the strength of 19 currencies, including major pairs and several emerging market currencies. Automatic Pair Detection: Intelligently identifies the base and quote currency of the active chart, automatically highlighting the relevant strength lines. Dynamic Coloring: The base currency is consistently colored blue, and the quote currency is colored gold, making it easy to distinguish between the two at a glance. Non-Repainting TSI Calculation: Uses the True Strength Index (TSI) for smooth and reliable momentum readings that do not repaint. Customizable Settings: Allows for adjustment of the fast and slow periods for the TSI calculation to fit your specific trading style. Clean Interface: Features a minimalist legend table that only displays the currencies relevant to your current chart, keeping your workspace uncluttered. How It Works The indicator pulls data from major currency indices (like DXY for the US Dollar and EXY for the Euro). For currencies that don't have a dedicated index, it uses their USD pair (e.g., USDCNY) and inverts the calculation to derive the currency's strength relative to the dollar. It then applies the True Strength Index (TSI) to this data. The TSI is a momentum oscillator that is less volatile than other oscillators, providing a more reliable measure of strength. The resulting values are plotted on the chart, allowing you to see how different currencies are performing against each other in real-time. How to Use Trend Confirmation: When the base currency's line is rising and above the zero line, and the quote currency's line is falling, it can confirm a bullish trend for the pair. The opposite would suggest a bearish trend. Identifying Divergences: Look for divergences between the currency strength lines and the price action of the pair. For example, if the price is making higher highs but the base currency's strength is making lower highs, it could signal a potential reversal. Crossovers: A crossover of the base and quote currency lines can signal a shift in momentum. A bullish signal occurs when the base currency line crosses above the quote currency line. A bearish signal occurs when it crosses below. Overbought/Oversold Levels: The horizontal dashed lines at 0.5 and -0.5 can be used as general guides for overbought and oversold conditions, respectively. Strength moving beyond these levels may indicate an unsustainable move that is due for a correction. Settings Fast Period: The short-term period for the TSI calculation. Default is 7. Slow Period: The long-term period for the TSI calculation. Default is 15. Index Source: The price source used for the calculations (e.g., Close, Open). Default is Close. Base Currency Color: The color for the base currency line. Default is Royal Blue. Quote Currency Color: The color for the quote currency line. Default is Goldenrod. Disclaimer This indicator is intended for educational and analytical purposes only. It is not financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and risk management before making any trading decisions.
Pine Script® indicator
by DOSALGO
8
SatoshiMultiFrame RSI SatoshiMultiFrame 📈 SatoshiMultiFrame is an advanced, multi-timeframe version of the RSI indicator, designed to look and feel like the built-in TradingView RSI — but with more customization options and professional visual enhancements. 🎯 Features Multi-Timeframe (MTF) Support – choose any timeframe for RSI calculation. Customizable RSI Line – change color, thickness, and style (Solid / Dashed / Dotted). Editable 30 / 50 / 70 Bands – fully customizable in the Style tab. Smooth Gradient Fill for OB/OS Zones: 🟢 Green shading above Overbought (70) 🔴 Red shading below Oversold (30) Customizable background for the entire panel. No repainting – stable and reliable data. ⚙️ Inputs RSI Length – default 14. Source – select the price source (Close, Open, etc.). RSI Timeframe – pick a higher or lower timeframe. RSI Line Style – choose between Solid / Dashed / Dotted. Dash Period & Dash Length – adjust the look of dashed lines. 🎨 Style Tab : Change RSI line color, thickness, and optional MA line. Edit colors and styles of 30 / 50 / 70 bands. Enable/disable and recolor OB/OS gradient fills. Adjust background color and transparency. 📌 How to Use : Add the indicator to your chart. In Inputs, set your preferred timeframe, RSI length, and line style. In Style, adjust colors, thickness, and gradient effects to your preference. Use the 50 line as a trend reference and monitor RSI behavior in OB/OS zones. ⚠️ Disclaimer: This tool is for educational purposes only and should not be considered financial advice. Always practice proper risk management.
Pine Script® indicator
by SatoshiMultiframe
Correlation Heatmap Matrix [TradingFinder] 20 Assets Variable🔵 Introduction Correlation is one of the most important statistical and analytical metrics in financial markets, data mining, and data science. It measures the strength and direction of the relationship between two variables. The correlation coefficient always ranges between +1 and -1 : a perfect positive correlation (+1) means that two assets or currency pairs move together in the same direction and at a constant ratio, a correlation of zero (0) indicates no clear linear relationship, and a perfect negative correlation (-1) means they move in exactly opposite directions. While the Pearson Correlation Coefficient is the most common method for calculation, other statistical methods like Spearman and Kendall are also used depending on the context. In financial market analysis, correlation is a key tool for Forex, the Stock Market, and the Cryptocurrency Market because it allows traders to assess the price relationship between currency pairs, stocks, or coins. For example, in Forex, EUR/USD and GBP/USD often have a high positive correlation; in stocks, companies from the same sector such as Apple and Microsoft tend to move similarly; and in crypto, most altcoins show a strong positive correlation with Bitcoin. Using a Correlation Heatmap in these markets visually displays the strength and direction of these relationships, helping traders make more accurate decisions for risk management and strategy optimization. 🟣 Correlation in Financial Markets In finance, correlation refers to measuring how closely two assets move together over time. These assets can be stocks, currency pairs, commodities, indices, or cryptocurrencies. The main goal of correlation analysis in trading is to understand these movement patterns and use them for risk management, trend forecasting, and developing trading strategies. 🟣 Correlation Heatmap A correlation heatmap is a visual tool that presents the correlation between multiple assets in a color-coded table. Each cell shows the correlation coefficient between two assets, with colors indicating its strength and direction. Warm colors (such as red or orange) represent strong negative correlation, cool colors (such as blue or cyan) represent strong positive correlation, and mid-range tones (such as yellow or green) indicate correlations that are close to neutral. 🟣 Practical Applications in Markets Forex : Identify currency pairs that move together or in opposite directions, avoid overexposure to similar trades, and spot unusual divergences. Crypto : Examine the dependency of altcoins on Bitcoin and find independent movers for portfolio diversification. Stocks : Detect relationships between stocks in the same industry or find outliers that move differently from their sector. 🟣 Key Uses of Correlation in Trading Risk management and diversification: Select assets with low or negative correlation to reduce portfolio volatility. Avoiding overexposure: Prevent opening multiple positions on highly correlated assets. Pairs trading: Exploit temporary deviations between historically correlated assets for arbitrage opportunities. Intermarket analysis: Study the relationships between different markets like stocks, currencies, commodities, and bonds. Divergence detection: Spot when two typically correlated assets move apart as a possible trend change signal. Market forecasting: Use correlated asset movements to anticipate others’ behavior. Event reaction analysis: Evaluate how groups of assets respond to economic or political events. ❗ Important Note It’s important to note that correlation does not imply causation — it only reflects co-movement between assets. Correlation is also dynamic and can change over time, which is why analyzing it across multiple timeframes provides a more accurate picture. Combining correlation heatmaps with other analytical tools can significantly improve the precision of trading decisions. 🔵 How to Use The Correlation Heatmap Matrix indicator is designed to analyze and manage the relationships between multiple assets at once. After adding the tool to your chart, start by selecting the assets you want to compare (up to 20). Then, choose the Correlation Period that fits your trading strategy. Shorter periods (e.g., 20 bars) are more sensitive to recent price movements, making them suitable for short-term trading, while longer periods (e.g., 100 or 200 bars) provide a broader view of correlation trends over time. The indicator outputs a color-coded matrix where each cell represents the correlation between two assets. Warm colors like red and orange signal strong negative correlation, while cool colors like blue and cyan indicate strong positive correlation. Mid-range tones such as yellow or green suggest correlations that are close to neutral. This visual representation makes it easy to spot market patterns at a glance. One of the most valuable uses of this tool is in portfolio risk management. Portfolios with highly correlated assets are more vulnerable to market swings. By using the heatmap, traders can find assets with low or negative correlation to reduce overall risk. Another key benefit is preventing overexposure. For example, if EUR/USD and GBP/USD have a high positive correlation, opening trades on both is almost like doubling the position size on one asset, increasing risk unnecessarily. The heatmap makes such relationships clear, helping you avoid them. The indicator is also useful for pairs trading, where a trader identifies assets that are usually correlated but have temporarily diverged — a potential arbitrage or mean-reversion opportunity. Additionally, the tool supports intermarket analysis, allowing traders to see how movements in one market (e.g., crude oil) may impact others (e.g., the Canadian dollar). Divergence detection is another advantage: if two typically aligned assets suddenly move in opposite directions, it could signal a major trend shift or a news-driven move. Overall, the Correlation Heatmap Matrix is not just an analytical indicator but also a fast, visual alert system for monitoring multiple markets at once. This is particularly valuable for traders in fast-moving environments like Forex and crypto. 🔵 Settings 🟣 Logic Correlation Period : Number of bars used to calculate correlation between assets. 🟣 Display Table on Chart : Enable/disable displaying the heatmap directly on the chart. Table Size : Choose the table size (from very small to very large). Table Position : Set the table location on the chart (top, middle, or bottom in various alignments). 🟣 Symbol Custom Select Market : Choose the market type (Forex, Stocks, Crypto, or Custom). Symbol 1 to Symbol 20: In custom mode, you can define up to 20 assets for correlation calculation. 🔵 Conclusion The Correlation Heatmap Matrix is a powerful tool for analyzing correlations across multiple assets in Forex, crypto, and stock markets. By displaying a color-coded table, it visually conveys both the strength and direction of correlations — warm colors for strong negative correlation, cool colors for strong positive correlation, and mid-range tones such as yellow or green for near-zero or neutral correlation. This helps traders select assets with low or negative correlation for diversification, avoid overexposure to similar trades, identify arbitrage and pairs trading opportunities, and detect unusual divergences between typically aligned assets. With support for custom mode and up to 20 symbols, it offers high flexibility for different trading strategies, making it a valuable complement to technical analysis and risk management.
Pine Script® indicator
by TFlab
4
BB next+2This indicator extends the standard Bollinger Bands by allowing you to project future Bollinger Bands based on assumed closing prices for the next trading day (+1) and the day after (+2). Key Features: Plots standard Bollinger Bands (supports SMA, EMA, etc.) Allows manual input of assumed closing prices for the next trading day (+1) and the day after (+2) Displays projected Bollinger Bands (basis, upper, and lower) based on the input values Option to restrict display to the latest bar or confirmed bars only
Pine Script® indicator
by Komc
New RSI📌 New RSI The New RSI is a modern, enhanced version of the classic RSI created in 1978 — redesigned for today’s fast-moving markets, where algorithmic trading and AI dominate price action. This indicator combines: Adaptive RSI: Adjusts its calculation length in real time based on market volatility, making it more responsive during high volatility and smoother during calm periods. Dynamic Bands: Upper and lower bands calculated from historical RSI volatility, helping you spot overbought/oversold conditions with greater accuracy. Trend & Regime Filters: EMA and ADX-based detection to confirm signals only in favorable market conditions. Volume Confirmation: Signals appear only when high trading volume supports the move — green volume for bullish setups and red volume for bearish setups — filtering out weak and unreliable trades. 💡 How it works: A LONG signal appears when RSI crosses above the lower band and the volume is high with a bullish candle. A SHORT signal appears when RSI crosses below the upper band and the volume is high with a bearish candle. Trend and higher timeframe filters (optional) can help improve precision and adapt to different trading styles. ✅ Best Use Cases: Identify high-probability reversals or pullbacks with strong momentum confirmation. Avoid false signals by trading only when volume validates the move. Combine with your own support/resistance or price action strategy for even higher accuracy. ⚙️ Fully Customizable: Adjustable RSI settings (length, volatility adaptation, smoothing) Dynamic band sensitivity Volume threshold multiplier Higher timeframe RSI filter Color-coded background for market regime visualization This is not just another RSI — it’s a complete, next-gen momentum tool designed for traders who want accuracy, adaptability, and confirmation in every signal.
Pine Script® indicator
by BullBearSR
Cnagda Trading ToolCnagda Trading Tools - complete set of intraday trading 1. Trendline breakout based On ATR. 2. Live RSI, volume/candle average 20 Periods, trend direction last 34 periods, and some useful dashboard features. 3. Ma Scalp Line provide trend support and resistance + Where Line More Flat Previous Time You Also Use That Range As Support And Resistance 4. RSI based POC ( Point Of Control) indicate high Volume Area like fixed Range Volume profile 5. London session breakout with buy/sell Signal and NewYork session opening half hour range breakout with Buy/sell signal Ma Scalp Buy And Sell Signal For Short term Scalping ( 5 Min Timeframe) Based on Ema And Wma Crossover I hope these tools will improve your trading, but you should trade only after proper research, this indicator is not responsible for any loss.
Pine Script® indicator
by cnagda3
8
Approx STH Unrealized Profit [Relative %]This indicator estimates the unrealized profit or loss of short-term holders (STH) without requiring on-chain data. Instead of using actual STH Realized Price (average purchase price), it employs a 155-day Simple Moving Average (SMA) to approximate the behavior of "recent buyers." How It Works The indicator calculates the percentage deviation between the current price and the 155-day SMA using the formula: (Current Price - 155 SMA) / 155 SMA * 100%. Positive values indicate profit, while negative values show loss. Key threshold levels are set at +50% (overbought) and -30% (oversold). Trading Applications Profit > 50% - STH are experiencing significant profits, suggesting potential correction. Consider taking partial profits. 0% < Profit < 50% - Moderate profits indicate the trend may continue. Maintain positions. Profit ≈ 0% - Price is near STH's average entry point, showing market indecision. -30% < Profit < 0% - STH are at a loss, potentially signaling accumulation opportunities. Profit < -30% - Extreme oversold conditions may present buying opportunities. Limitations SMA only approximates STH behavior. May produce false signals during sideways markets. SMA lag can be noticeable in strong trending markets. Recommendation For improved accuracy, combine this indicator with trend-following tools (200 EMA, Volume analysis) and other technical indicators. It serves best as a supplementary tool for identifying overbought/oversold market conditions within your trading strategy.
Pine Script® indicator
by ALMCorporation
Wolf Exit Oscillator Enhanced # Wolf Exit Oscillator Enhanced ## What it is (quick take) **Wolf Exit Oscillator Enhanced** is a clean, rules-first **exit timing tool** built on the **True Strength Index (TSI)** with two optional safeguards: 1. **Signal-line crossover** (to avoid bailing on shallow dips), and 2. **EMA confirmation** (price-based “is the trend actually weakening/strengthening?” check). Use it to standardize when you **take profits, cut losers, or scale out**—especially after momentum runs hot or cold. > Works best **paired** with: > > * **ABS NR — Fail-Safe Confirm (v4.2.2)** for entries > * **ABS Companion Oscillator — Trend / Exhaustion / New Trend** for trend/exhaustion context --- ## How to use it (operational workflow) 1. **Set your bands** * `exitHigh` and `exitLow` mark “overcooked” zones on the TSI scale (default: +60 / –60). * Above `exitHigh` = momentum stretched **up** (good place to **exit shorts** or **take long profits**). * Below `exitLow` = momentum stretched **down** (good place to **exit longs** or **take short profits**). 2. **Choose strictness** * **Base mode**: the moment TSI crosses out of a band, you get an exit signal. * **Add Signal-Line Cross** (`enableSignalX = true`): require TSI to cross its signal in the same direction → **fewer, cleaner exits**. * **Add EMA Filter** (`enableEMAFilter = true`): also require **price** to confirm (e.g., long exit only if price < EMA). This avoids bailing during healthy trends. 3. **Execute with structure** * **Full exit** when a signal fires, or * **Scale out** (e.g., 50% on first signal, remainder on trail/secondary signal), or * **Move stop** to lock gains once an exit signal prints. 4. **Alerts** * Set to **“Once per bar close”** to avoid intrabar flip-flop. * Use the two provided alert names for automation (see “Alerts” below). --- ## Signals & visuals * **TSI line** (solid) and **Signal line** (dashed) with optional **histogram** (TSI − Signal). * **Horizontal bands** at `exitHigh` and `exitLow`. * **Labels**: * **Exit Long** appears when long-side momentum breaks down (below `exitLow`, plus any enabled filters). * **Exit Short** appears when short-side momentum breaks down (above `exitHigh`, plus any enabled filters). **Alerts (stable names):** * **WolfExit — Exit Long** * **WolfExit — Exit Short** --- ## Non-repainting behavior (what to expect) * The oscillator is computed with **EMAs on current timeframe**—no higher-timeframe lookahead, no repaint. * **Intrabar**: TSI/Signal can fluctuate; use **bar-close evaluation** (and alert setting “Once per bar close”) to lock signals. * If you enable the EMA filter, that check is also evaluated at bar close. --- ## Every input explained (and how changing it alters behavior) ### Momentum engine (TSI) * **TSI Long EMA Length (`tsiLongLen`, default 25)** Higher = smoother, slower momentum; fewer signals. Lower = twitchier, more signals. * **TSI Short EMA Length (`tsiShortLen`, default 13)** Fine-tunes responsiveness on top of the long length. Lower short → snappier TSI. * **TSI Signal Line Length (`tsisigLen`, default 7)** Higher = slower signal line (harder to cross) → fewer signals. Lower = easier crosses → more signals. ### Thresholds (the bands) * **Exit Threshold High (`exitHigh`, default +60)** Raise to demand **stronger** overbought before signaling short exits / long profit-takes. Lower to trigger sooner. * **Exit Threshold Low (`exitLow`, default −60)** Raise (toward 0) to trigger **earlier** on longs; lower (more negative) to wait for deeper downside stretch. ### Confirmation layers * **Require Signal Line Crossover (`enableSignalX`, default true)** On = TSI must cross its signal (same direction as exit) → **filters out shallow wiggles**. Off = faster, more frequent exits. * **Enable EMA Confirmation Filter (`enableEMAFilter`, default true)** On = require **price < EMA** for **Exit Long** and **price > EMA** for **Exit Short**. * **EMA Exit Confirmation Length (`exitEMALen`, default 50)** Higher = **trendier** filter (harder to flip) → fewer exits; Lower = more reactive → more exits. ### Visuals * **Show Histogram (`showHist`)** On = quick visual for TSI–Signal spread (helps spot weakening momentum before a cross). * **Plot Exit Signals (`showSignals`)** Toggle labels if you only want the lines/bands with alerts. --- ## Tuning recipes (quick, practical) * **Strong trend days (avoid premature exits)** * Keep **`enableSignalX = true`** and **`enableEMAFilter = true`** * Increase **`exitEMALen`** (e.g., 80) * Consider raising **`exitHigh`** to 65–70 (and lowering **`exitLow`** to −65/−70) * **Choppy/range days (exit faster, take the cash)** * **`enableEMAFilter = false`** (don’t wait for price filter) * **`enableSignalX`** optional; try off for quicker responses * Bring bands closer to **±50** to take profits earlier * **Scalping / lower timeframes** * Shorten **TSI lengths** a bit (e.g., 21/9/5) * Consider **`exitHigh=55 / exitLow=-55`** * Keep **histogram on** to visualize momentum flip risk * **Swing trading / higher timeframes** * Lengthen **TSI** (e.g., 35/21/9) and **`exitEMALen`** (e.g., 100) * Wider bands (±65 to ±75) to catch bigger moves before exiting --- ## Playbooks (how to actually trade it) * **Entry from ABS NR FS, exit with Wolf** * Take entries from **ABS NR — Fail-Safe Confirm** (triangle). * Use **Wolf Exit** to scale out: 50% on first exit label, trail remainder with price/EMA or your stop logic. * **Pyramid & protect** * Add on re-accelerations (TSI pulls back toward zero without breaching the opposite band). * The first **Exit** signal → take partial, raise stop to last higher low / lower high. * **Mean-reversion fade management** * When fading with ABS NR (KC band pokes + stretched |Z|), target the first opposite **Exit** signal as your “don’t overstay” cue. --- ## Suggested starting points * **Day trading (5–15m):** * TSI: **25 / 13 / 7** (default) * Bands: **+60 / −60** * Confirmations: **SignalX = on**, **EMA Filter = on**, **EMA Len = 50** * Alerts: **Once per bar close** * **Scalping (1–3m):** * TSI: **21 / 9 / 5** * Bands: **±55** * Confirmations: **SignalX = on**, **EMA Filter = off** (optional for speed) * **Swing (1h–D):** * TSI: **35 / 21 / 9** * Bands: **+65 / −65** (or ±70) * Confirmations: **SignalX = on**, **EMA Filter = on**, **EMA Len = 100** --- ## Best-practice pairings * **Entries:** **ABS NR — Fail-Safe Confirm (v4.2.2)** * Take ABS triangles; let Wolf standardize exits so you’re not guessing. * **Context:** **ABS Companion Oscillator** * Prefer holding longer when the companion stays above (for longs) or below (for shorts) its neutral band and **no EXH tag** prints. * If companion flags **EXH** against your position, tighten stops; Wolf’s next exit signal becomes high priority. --- ## Notes & disclaimers * This is an **exit signal tool**, not a strategy or broker. * Signals are strongest when aligned with your **entry logic** and a **risk framework** (position sizing, stops, partials). * All evaluations are **current timeframe**; no higher-timeframe lookahead is used. * Markets change—tune the bands and confirmations per symbol/timeframe. --- **Tip:** Keep your alerts simple—one for **Exit Long**, one for **Exit Short**, **Once per bar close**. Use partial exits on the first signal, and let your stop/trailing logic handle the rest.
Pine Script® indicator
by jensenvilhelm
Parabolic Stoch SAR VisualizerParabolic Stoch SAR Visualizer — Momentum-Driven Trend Precision Tool Overview: Parabolic Stoch SAR Visualizer is a thoughtfully engineered hybrid indicator that blends momentum oscillation and trend-following mechanics into one robust system. By applying a custom Parabolic SAR calculation directly on a double-smoothed stochastic oscillator (rather than on price), it generates cleaner signals with enhanced trend detection and fewer false positives than typical Parabolic RSI or standard SAR variants. Unique Functionality: Momentum smoothing : The base stochastic %K undergoes double smoothing via consecutive simple moving averages, significantly cutting down random noise and erratic swings common in raw stochastic readings. This stabilizes momentum tracking, isolating true price strength and weakness. Custom Parabolic SAR on smoothed momentum : Traditional SAR algorithms operate on price data, acting as trailing stops. This indicator repurposes SAR to work on smoothed stochastic values, effectively converting it into a momentum-driven directional filter. This yields a more adaptive and responsive trend signal focused on genuine momentum shifts instead of price noise. Bounded SAR range and adjustable acceleration : SAR values are mathematically restricted between 0 and 100, aligning with the stochastic scale to prevent distortions. Traders can customize acceleration parameters (start, increment, max) to fine-tune trend sensitivity relative to market volatility or specific strategies. Signal clarity through filterin g: Minimum bar spacing and minimum SAR movement thresholds between plotted dots reduce chart clutter, highlighting only meaningful trend changes and filtering out insignificant fluctuations. Enhanced visuals : The oscillator line smoothly transitions its color gradient between defined uptrend and downtrend hues, intuitively signaling momentum strength. Parabolic SAR dots are offset from the oscillator line with multi-layered glow effects, making trend flips easy to spot at a glance. Trading Application: Trend identification : Momentum-based SAR dots offer precise marking of trend shifts, helping traders avoid false breakouts and premature trades. Entry and exit timing : Combining the double-smoothed stochastic oscillator and SAR dots creates a reliable framework to confirm momentum shifts and optimal trade entries or exits. Customizable for volatility regimes : Adjustable acceleration and filtering parameters allow scalpers to increase signal sensitivity, while swing traders can dial back noise for smoother trend recognition. Visual clarity for fast decisions : Gradient color coding and glowing SAR dots facilitate immediate momentum assessment without complex analysis, empowering quicker, more confident trade actions. Advantages over Parabolic RSI and similar indicators: Parabolic RSI’s direct application of SAR on RSI often results in noisy, choppy signals prone to whipsaws. This indicator’s double-smoothed stochastic foundation delivers a cleaner, steadier signal. Applying SAR to smoothed momentum rather than price transforms it into a directional filter that better captures true market strength with reduced lag. Adaptive plotting thresholds and enhanced visuals minimize clutter and ambiguity, improving trader focus and execution speed.
Pine Script® indicator
by BOSWaves
Relative Volatility Mass [SciQua]The ⚖️ Relative Volatility Mass (RVM) is a volatility-based tool inspired by the Relative Volatility Index (RVI) . While the RVI measures the ratio of upward to downward volatility over a period, RVM takes a different approach: It sums the standard deviation of price changes over a rolling window, separating upward volatility from downward volatility . The result is a measure of the total “volatility mass” over a user-defined period, rather than an average or normalized ratio. This makes RVM particularly useful for identifying sustained high-volatility conditions without being diluted by averaging. ──────────────────────────────────────────────────────────── ╭────────────╮ ‎ ‎ ‎ ‎ ‎ ‎ How It Works ╰────────────╯ 1. Standard Deviation Calculation ‎ ‎ ‎ ‎ ‎ • Computes the standard deviation of the chosen `Source` over a `Standard Deviation Length` (`stdDevLen`). ‎ 2. Directional Separation ‎‎ ‎ ‎ ‎ • Volatility on up bars (`chg > 0`) is treated as upward volatility . ‎ ‎ ‎ ‎ ‎‎ • Volatility on down bars (`chg < 0`) is treated as downward volatility . 3. Rolling Sum ‎ ‎ ‎ ‎ ‎ • Over a `Sum Length` (`sumLen`), the upward and downward volatilities are summed separately using `math.sum()`. 4. Relative Volatility Mass ‎‎ ‎ ‎ ‎ • The two sums are added together to get the total volatility mass for the rolling window. Formula: RVM = Σ(σ up) + Σ(σ down) where σ is the standard deviation over `stdDevLen`. ╭────────────╮ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ Key Features ╰────────────╯ Directional Volatility Tracking – Differentiates between volatility during price advances vs. declines. Rolling Volatility Mass – Shows the total standard deviation accumulation over a given period. Optional Smoothing – Multiple MA types, including SMA, EMA, SMMA (RMA), WMA, VWMA. Bollinger Band Overlay – Available when SMA is selected, with adjustable standard deviation multiplier. Configurable Source – Apply RVM to `close`, `open`, `hl2`, or any custom source. ╭─────╮ ‎ ‎ ‎ ‎ ‎ ‎ Usage ╰─────╯ Trend Confirmation: High RVM values can confirm strong trending conditions. Breakout Detection: Spikes in RVM often precede or accompany price breakouts. Volatility Cycle Analysis: Compare periods of contraction and expansion. RVM is not bounded like the RVI, so absolute values depend on market volatility and chosen parameters. Consider normalizing or using smoothing for easier visual comparison. ╭────────────────╮ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ Example Settings ╰────────────────╯ Short-term volatility detection: `stdDevLen = 5`, `sumLen = 10` Medium-term trend volatility: `stdDevLen = 14`, `sumLen = 20` Enable `SMA + Bollinger Bands` to visualize when volatility is unusually high or low relative to recent history. ╭───────────────────╮ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ ‎ Notes & Limitations ╰───────────────────╯ Not a directional signal by itself — use alongside price structure, volume, or other indicators. Higher `sumLen` will smooth short-term fluctuations but reduce responsiveness. Because it sums, not averages, values will scale with both volatility and chosen window size. ╭───────╮ ‎ ‎ ‎ ‎ ‎ ‎ Credits ╰───────╯ Based on the Relative Volatility Index concept by Donald Dorsey (1993). TradingView SciQua - Joshua Danford
Pine Script® indicator
by JoshuaDanford
1
SMT Oscillator: Smarter Money Divergence Detector [PhenLabs]📊Phenlabs - SMT Oscillator: Smarter Money Divergence Detector Version: PineScript™v6 📌Description The SMT Oscillator is a sophisticated tool designed to identify smart money divergence between two correlated assets. By analyzing the momentum and volume-weighted price action of a primary and secondary symbol, traders can spot subtle shifts in market dynamics that often precede significant price movements. This indicator is built to provide a clearer, more filtered view of inter-market relationships, solving the common problem of false signals and market noise. Its primary purpose is to equip traders with a quantifiable edge in detecting potential reversals or continuations that are not obvious on a standard price chart. 🚀Points of Innovation Dual-Symbol Divergence Core: Directly compares momentum (RSI or MACD) between two user-selected symbols to pinpoint true SMT divergence. Volume-Weighted Analysis: Integrates volume delta into the divergence calculation, giving more weight to moves backed by significant market participation. Entropy Filter for Noise Reduction: Employs an entropy calculation to filter out low-quality signals during choppy or consolidating market conditions. Predictive Forecast Line: Utilizes a linear regression model to project the oscillator’s future trajectory, offering a forward-looking glimpse of potential momentum shifts. Customizable Signal Sensitivity: Allows fine-tuning of overbought and oversold levels to adapt to different market volatilities and trading styles. Integrated Signal Alerts: Provides built-in alerts for bullish/bearish zero crosses and overbought/oversold conditions. 🔧Core Components Momentum Engine: The user can select either RSI or MACD as the underlying engine for the divergence calculation, allowing for flexibility in analysis. Normalization Function: Price data from both symbols is normalized using percentage change to ensure a true “apples-to-apples” comparison, regardless of their nominal price differences. Divergence Calculator: The core algorithm that subtracts the secondary symbol’s momentum from the primary’s and normalizes the result using the combined standard deviation. Smoothing Mechanism: An Exponential Moving Average (EMA) is applied to the raw oscillator output to reduce choppiness and provide a clearer signal line. 🔥Key Features Multi-Asset Comparison: Go beyond single-asset analysis by comparing correlated pairs like ES/NQ or BTC/ETH to uncover hidden trading opportunities. Heatmap Visualization: An optional heatmap mode provides an intuitive visual representation of divergence strength, making it easier to gauge market sentiment at a glance. Configurable Lookback and Timeframe: Adjust the lookback period and analysis timeframe to suit your specific strategy, from short-term scalping to long-term trend analysis. Signal Markers: Visual markers are plotted directly on the chart for bullish and bearish zero-line crossovers, providing clear entry and exit signals. 🎨Visualization SMT Oscillator Line: The primary visual element, colored blue for bullish (positive) divergence and orange for bearish (negative) divergence. Zero Line: A solid horizontal line at the zero level, indicating the equilibrium point between the two assets. Crossovers of this line signal a shift in relative strength. Overbought/Oversold Zones: Dotted lines at the +80 and -80 levels (customizable) that highlight extreme divergence readings, often indicating potential exhaustion points. Forecast Line: A predictive line that plots the anticipated path of the oscillator, giving traders an advanced warning of potential changes in momentum. 📖Usage Guidelines Setting Categories Primary Symbol Default: (Chart Symbol) Description: The main asset you are analyzing. Leave blank to use the symbol currently on your chart. Secondary Symbol Default: CME_MINI:ES1! (used with NASDAQ futures due to inherent heavy correlation Description: The asset to compare against the primary symbol. Lookback Period Default: 14 Range: 8-100 Description: Controls the calculation window for momentum (RSI/MACD). Higher values result in a smoother, less sensitive oscillator. Divergence Type Default: RSI Options: RSI, MACD Description: Choose the momentum indicator to use for the divergence calculation. Enable Volume Weighting Default: true Description: When enabled, gives more weight to divergence signals that are accompanied by significant volume. ✅Best Use Cases Identifying high-probability reversal points by spotting divergence in overbought or oversold territory. Confirming the strength of a trend by observing sustained positive or negative divergence. Pairs trading by taking a long position on the outperforming asset and a short position on the underperforming one during a divergence. Risk management by recognizing when a current trend is losing its underlying momentum. ⚠️Limitations Requires Correlated Assets: The indicator’s effectiveness is highly dependent on the selection of two assets with a known correlation (e.g., ES and NQ). Not a Standalone System: Divergence signals should be used in conjunction with other forms of analysis (price action, market structure) and not as a complete trading system. Lagging by Nature: As it is based on moving averages and past price data, the oscillator is inherently lagging and may not capture all rapid price changes. 💡What Makes This Unique Combined Momentum & Volume: Unlike standard oscillators, it fuses momentum with volume delta for a more robust “Smart Money” perspective. Noise-Filtering Mechanism: The proprietary entropy filter is a unique feature designed to weed out insignificant market chatter and focus on high-conviction signals. 🔬How It Works Data Normalization: The script first normalizes the price data of the two selected symbols into percentage changes. This ensures that the comparison is fair, regardless of the difference in their price scales. Momentum Calculation: It then calculates the chosen momentum value (either RSI or MACD histogram) for each of the normalized price series. Divergence Computation: The core of the indicator lies in subtracting the momentum of the secondary symbol from the primary one. This raw divergence is then optionally weighted by volume and filtered for market noise (entropy) to produce the final oscillator value. 💡Note: For best results, use this indicator on adequate timeframes to filter out market noise. Always confirm signals with price action analysis before entering a trade.
Pine Script® indicator
by PhenLabs
RSI Z-score | Lemniscuss🧠 Introducing RSI Z-Score (RSI-Z) by Lemniscuss 🛠️ Overview RSI Z-Score (RSI-Z) is a momentum-based market condition detector that transforms the classic Relative Strength Index (RSI) into a standardized volatility framework. By applying Z-Score normalization to the RSI, this tool allows traders to identify statistically significant deviations in momentum — cutting through noise and highlighting high-probability turning points. RSI-Z is optimized for trend inflection detection and overextension spotting, providing both visual clarity and actionable trade signals with dynamic labeling and optional bar coloring. 🔍 How It Works 1️⃣ RSI Foundation The system starts with a standard RSI calculation on a user-defined source and length (default: 45). 2️⃣ Z-Score Normalization The RSI values are standardized by subtracting their mean and dividing by the standard deviation over the same lookback. This converts RSI into a statistical measure — revealing how many standard deviations current momentum is from its mean. 3️⃣ Threshold Logic Two customizable thresholds define actionable zones: • Long Threshold → Signals bullish momentum shifts when crossed upward • Short Threshold → Signals bearish momentum shifts when crossed downward 4️⃣ Signal State Tracking A state variable locks in a bias (Long / Short / Neutral) until an opposing trigger appears, ensuring clear and consistent market bias mapping. ✨ Key Features 🔹 Statistically Driven Momentum Detection — Moves beyond fixed RSI overbought/oversold levels by using standard deviations for adaptive accuracy. 🔹 Customizable Thresholds — Fine-tune long/short triggers for different volatility environments. 🔹 Clear Visual Feedback — Candle coloring and signal labels make trade setups instantly recognizable. 🔹 Overlay-Friendly — Works directly on your main chart or in a separate pane. ⚙️ Custom Settings • Source: Price stream for RSI calculation (default: close) • RSI Length: Lookback period for RSI & Z-Score (default: 45) • Long Threshold: Z-score value for bullish signal (default: 1) • Short Threshold: Z-score value for bearish signal (default: -1.9) • Long/Cash Signal Labels: Toggle for "Long"/"Short" markers • Bar Coloring: Toggle for trend-based candle coloring 📌 Trading Applications ✅ Trend Reversals → Spot statistically significant shifts in momentum before traditional RSI signals trigger ✅ Overextension Monitoring → Identify when momentum has deviated too far from the mean ✅ Mean Reversion Setups → Use extreme Z-score values as potential reversion points ✅ Bias Confirmation → Combine with trend tools for higher conviction entries/exits 📌 Conclusion RSI-Z by Lemniscuss offers a clean, statistics-backed upgrade to the classic RSI. By framing momentum in standard deviation terms, it empowers traders to separate normal fluctuations from truly significant market moves — making it a valuable tool for both trend traders and mean reversion specialists. 🔹 Summary Highlights 1️⃣ Statistical upgrade to RSI for higher-quality signals 2️⃣ Threshold-based, customizable long/short triggers 3️⃣ Visual candle coloring & signal labels for clarity 4️⃣ Adaptable to trend, swing, or intraday strategies 📌 Disclaimer: Past performance is not indicative of future results. No indicator guarantees profitability — always test and manage risk appropriately.
Pine Script® indicator
by lemniscuss