Trendoman Indicator Trendoman "Trading Signals" indicator
This is our first indicator that will give signals for buying and selling (With the possibility of setting (Alert). The indicator is optimized for the senior TF (1D and 4h). Signals are given automatically after the closing of the candle.
This indicator combines oscillators (Stochastic, RSI, MACD), adds EMA (50,100,200) to determine the local and medium-term trend, and adds certain conditions (Formulas) to determine entry points and signal generation.
This is the first version of the indicator, and it will be improved and updated. This indicator is provided for informational purposes only.
Индикатор Trendoman "Торговые сигналы"
What does it do and how to use it?
This script was written for me, so I made it for my main timeframe, which is 1D. This is the timeframe I tested it on (Russian and US stock market)
When adding the indicator to the chart, open the daily timeframe (1D).
What will we see?
⚫️BUY or SELL signals on the chart. They appear after the closing of the trading day candlestick, therefore, as soon as you see this signal, you can open a trade (In the settings, you can use (Alert Notification) so that when the signal appears, a notification is triggered on a specific instrument.
⚫️Notification preparation "Prep" on the chart. THIS IS NOT A SIGNAL, it is a regular notification when the price enters the overbought or oversold zone. We use this to set Take-Profit and Stop-lose, as well as to understand that it is dangerous to buy in the overbought zone, and to sell in the oversold zone. If you do not need them, you can disable them in the settings.
⚫️The line in the middle. This is a moving average, which shows the direction of the trend (In the settings
Stop-lose and Take-Profit
Trying to build into this indicator the ability to automatically set Stop-lose and Take-Profit did not lead to anything. The main problems are completely different situations at the time of the signal (Mathematically it is not calculated). Have to count yourself.
To set Stop-lose after the signal.
1. Look at the previous local minimum (If the signal is to buy or local maximum (If the signal is to sell). It can be the body of a candle, the shadow of a candle, or a specific level. The stop is always placed below this level, range, or local minimum or maximum.
To set the Take-Profit after the signal is given. There are several options.
1. Mark the levels. Look at an important support or resistance range, fix part of the position at the level, and set the stop for the remainder at breakeven (Entry Price)
2. Make a risk of 1 to 1. If you do not define levels and markup well, then after changing the Stop-lose, you can put the first take on the same%. Example:
Stop-lose и Take-Profit
When you can't open a position EVEN if the indicator shows a signal.
⚫️ If the indicator shows a signal (BAY or SELL), and the signal candle or the previous one opens with a gap. CANCELLED SIGNAL.
⚫️ If the signal candle has a large impulse (down or up). It's very easy to check, take the last 10 candles, if it's higher than the average, it's better to skip this signal (long stop)
⚫️Illiquid instruments. The second and third echelons are often pumped by market participants. Indicators and candles do not work stably. Do not trade illiquid instruments using this indicator.
Risk management.
As noted above, it is impossible to calculate the exact Stop-lose and Take-Profit mathematically, as each situation is unique (levels, highs, lows, slopes, etc. differ).
If you see that your Take-Profit is less than your Stop-lose, it is best to ignore such a trade (depending on your risk tolerance).
Try to open trades where the Take-Profit is greater than the Stop-lose.
Indicators and strategies
Sessions [Trade Tribe HQ]Color-coded session ranges with ADR% labels to help you trade smarter, not harder.
This tool marks New York, London, Tokyo, and Sydney sessions, showing their ranges, highs/lows, VWAPs, and ADR%.
🔹 Key Features
Colored session boxes (NY, London, Tokyo, Sydney)
Session highs & lows, VWAP, and trendlines
Dashboard showing active sessions, volume, and %ADR
ADR% labels at session close
🔹 How It Helps
Spot session traps, moves, and reversals faster
Manage expectations using ADR% (no chasing over-extended moves)
Identify overlap zones (London → NY) for volatility spikes
Simplify cycle tracking across global markets
Market Sessions Marker—making it easy to see where the energy has been spent and where opportunity is building next.
Created with ❤️ by TraderChick – part of the Trade Tribe HQ community.
If you found this tool useful, check out my profile for more strategies, classes, and resources.
BBB INDICATOR — Big Ben Breakout (Indices) BBB INDICATOR — Big Ben Breakout Strategy (XAUUSD & Indices)
The BBB Indicator implements a refined London Breakout methodology for major indices (US100, US30, US500).
It automatically draws the Asian session range and signals valid breakouts after London open, providing Entry, TP, and SL levels.
Key Features:
• Auto Asian session box (UTC+3 default)
• London open breakout detection
• TP/SL lines with R:R = 1:1.5
• Optional strong-break filters (Body %, ATR check)
• Clear BUY/SELL arrows + alerts
This is an **Invite-Only Script**.
👉 To request free trial access, click "Request Access" or send me your TradingView username via Telegram: **https://t.me/BBBindicator**
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مؤشر BBB — استراتيجية Big Ben Breakout (االمؤشرات)
مؤشر BBB يطبّق منهجية اختراق لندن (Big Ben Breakout) المؤشرات الأمريكية (ناسداك US100، داوجونز US30، S&P500).
يقوم تلقائيًا برسم نطاق الجلسة الآسيوية ثم يعطي إشارات اختراق صحيحة بعد افتتاح لندن مع مستويات دخول و TP/SL واضحة.
أهم المزايا:
• صندوق الجلسة الآسيوية (UTC+3)
• منطق اختراق افتتاح لندن
• خطوط TP/SL بنسبة R:R = 1:1.5
• فلاتر اختراق قوي اختيارية (نسبة جسم الشمعة، ATR)
• أسهم BUY/SELL مرئية + تنبيهات
هذا المؤشر **Invite-Only**.
👉 لطلب تجربة مجانية، اضغط "Request Access" أو ابعتلي اسمك على TradingView عبر تيليجرام: **https://t.me/BBBindicator**
Bekas BASIC IndicatorBekas BASIC Indicator combines dynamic trend-following and support/resistance techniques:
🔹 Dual Moving Averages (user-selectable type: SMA, EMA, WMA, HMA):
- Fast MA (default: 10)
- Slow MA (default: 50)
- Generates Buy/Sell signals on crossovers with optional volume confirmation.
🔹 Volume Filter:
- Only triggers signals when volume exceeds the average by a user-defined multiple.
🔹 Pivot-Based Support & Resistance:
- Detects recent swing highs/lows (default lookback: 10 bars).
- Draws horizontal purple lines as potential support/resistance zones.
🔹 Diagonal Trendlines:
- Draws lines from recent pivot high/low to current price.
- Shows evolving short-term uptrend/downtrend visually.
🔹 Alerts:
- Configurable alerts for Buy/Sell signals based on crossover + volume.
Ideal for spotting early trend shifts, bounce zones, and breakout opportunities.
Regression lines - JarassDouble Linear Regression Ultimate + MA Ribbon (DLRC + MA)
The DLRC + MA indicator is an advanced technical analysis tool that combines double linear regression channels with a moving average ribbon (MA Ribbon). Designed for traders who want to simultaneously track trend, volatility, and potential support/resistance levels.
Key Features:
1. Double Linear Regression Channels:
• Inner Channel – shorter period, more sensitive to recent price movements.
• Outer Channel – longer period, reflects the long-term trend.
• Both channels display upper and lower boundaries and a midline.
• Optional logarithmic scale for price adjustment.
• Real-time R² values to assess regression accuracy.
2. MA Ribbon:
• Up to 4 different moving averages simultaneously.
• Supports SMA, EMA, SMMA (RMA), WMA, VWMA.
• Each MA can be individually enabled/disabled, with customizable period, source, and color.
• Helps identify trend direction and dynamic support/resistance levels.
3. Visualization:
• Channels are filled with semi-transparent colors for clarity.
• Midline for quick trend direction assessment.
• Label displays R² values of the channels in real time.
4. Suitable For:
• Short-term and long-term traders seeking a combination of linear regression analysis and classic trend-following tools.
• Useful for identifying overbought/oversold zones and potential trend reversal points.
Summary:
DLRC + MA combines statistical precision of linear regression with intuitive trend visualization via a MA ribbon. It provides quick insight into market direction, volatility, and potential turning points, all in one chart overlay.
LBR 3/10 'Sardine' Oscillator (ATR-Normalized)LBR 3/10 Oscillator - Short-Term Momentum Indicator
The LBR 3/10 "Sardine" Oscillator is a short-term momentum indicator developed by Linda Bradford Raschke. This ATR-normalized version provides cross-market comparability and consistent extreme levels across all timeframes and asset classes.
What is the LBR 3/10 Oscillator?
The LBR 3/10 is designed to capture very short-term momentum shifts by measuring the difference between a 3-period and 10-period moving average. Named after Linda Bradford Raschke's "Trading Sardines" book, this oscillator excels at identifying rapid momentum changes and potential reversal points.
Formula: / ATR(10) × 100
Where MA can be either Simple Moving Average (SMA) or Exponential Moving Average (EMA).
Why ATR Normalization?
Problem with Traditional Oscillators:
Traditional momentum oscillators produce values that vary dramatically across different markets and time periods. A reading of 5 might be extreme for one asset but insignificant for another.
Solution:
ATR normalization divides the raw momentum value by the Average True Range, creating standardized readings that are:
Comparable Across Markets: Same interpretation whether analyzing stocks, forex, commodities, or crypto
Comparable Across Time: Readings maintain consistent meaning regardless of price levels
Universal Extreme Levels: The ±125 levels work consistently across all assets and timeframes
Statistical Research
Extensive statistical analysis across multiple markets identified the ±125 extreme levels:
+125 Level: Reached approximately 4% of the time (extreme bullish momentum)
-125 Level: Reached approximately 2% of the time (extreme bearish momentum)
These statistically-validated levels provide objective definitions for overbought and oversold conditions, eliminating subjective interpretation.
Key Features
Core Components
LBR 3/10 Line: Main oscillator showing normalized short-term momentum
Signal Line: Smoothed moving average of the oscillator (default: 9-period)
Extreme Levels: Horizontal lines at ±125 marking statistical extremes
Zero Line: Separates bullish and bearish momentum regimes
Visual Elements
Blue Line: LBR 3/10 oscillator (main momentum line)
Red Line: Signal line (smoothed moving average of oscillator)
Fill Area: Light blue shaded region between oscillator and signal line
Background Zones: Light red (overbought above +125) or light green (oversold below -125)
Horizontal Lines: Gray dashed lines at +125, -125, and 0 (zero line solid)
Divergence Markers: Green/red circles marking price/oscillator divergences
Signal Crosses: Small green/red triangles marking oscillator/signal line crossovers
Pullback Markers: Yellow diamond shapes with white "↑PB" or "↓PB" text for first pullback signals
Std Dev Bands: Orange circles marking statistical extreme levels (optional, disabled by default)
Advanced Features
MA Type Selection: Choose between SMA or EMA for both oscillator and signal line
Standard Deviation Bands: Optional adaptive extreme levels based on statistical volatility
Pullback Detection: Identifies high-probability counter-trend entries during established trends
First Pullback Filter: Noise reduction system that highlights initial pullback after trend change
Trading Applications
1. Extreme Level Reversals
When the oscillator reaches ±125, it indicates stretched momentum conditions:
Above +125: Overbought - watch for bearish reversal signals
Below -125: Oversold - watch for bullish reversal signals
2. Signal Line Crossovers
Bullish Cross: Oscillator crosses above signal line (momentum shift up)
Bearish Cross: Oscillator crosses below signal line (momentum shift down)
3. Zero Line Crosses
Signal line crossing zero indicates trend regime changes:
Cross Above 0: Transition to bullish trend
Cross Below 0: Transition to bearish trend
4. Divergence Trading
Bullish Divergence: Price makes lower low, oscillator makes higher low
Bearish Divergence: Price makes higher high, oscillator makes lower high
Best used in combination with other momentum indicators for confirmation
5. Pullback Strategy (High-Probability Setup)
Uptrend Pullback: Signal line positive + oscillator crosses below (buy opportunity)
Downtrend Pullback: Signal line negative + oscillator crosses above (sell opportunity)
First Pullback: Initial counter-trend signal after trend change (highest probability)
6. "Anti" Setup
Linda Bradford Raschke's classic setup:
Wait for extreme reading (±125)
Enter on first pullback signal in opposite direction
Captures momentum exhaustion reversals
Comprehensive Alert System
Extreme Level Alerts
Crossed above +125 (overbought)
Crossed below -125 (oversold)
Divergence Alerts
Bullish divergence detected
Bearish divergence detected
Signal Cross Alerts
Bullish cross (oscillator above signal)
Bearish cross (oscillator below signal)
Trend Change Alerts
Signal line crossed above zero (trend change to bullish)
Signal line crossed below zero (trend change to bearish)
Pullback Alerts
Pullback in uptrend (potential buy)
Pullback in downtrend (potential sell)
FIRST pullback in uptrend (high-probability buy)
FIRST pullback in downtrend (high-probability sell)
Settings & Parameters
LBR 3/10 Settings
Fast MA Length: Short-term period (default: 3)
Slow MA Length: Baseline period (default: 10)
ATR Length: Volatility normalization period (default: 10)
MA Type: SMA or EMA selection
Extreme High Level: Overbought threshold (default: 125)
Extreme Low Level: Oversold threshold (default: -125)
Signal Line
Show Signal Line: Enable/disable display (default: true)
Signal Line Length: Smoothing period (default: 9)
Divergence Detection
Show Divergences: Enable/disable detection (default: true)
Divergence Lookback: Pivot detection period (default: 5)
Standard Deviation Bands
Show Std Dev Bands: Enable/disable adaptive levels (default: false)
Std Dev Multiplier: Band width adjustment (default: 1.5)
Std Dev Length: Calculation period (default: 100)
Best Practices
Trending Markets
Focus on pullback signals in direction of trend
Use first pullback filter for highest-probability entries
Watch for extreme levels as profit-taking zones
Ranging Markets
Trade reversals at extreme levels (±125)
Use divergences with additional momentum indicator confirmation
Avoid signal line crosses near zero (low-quality signals)
Multi-Timeframe Analysis
Higher timeframe: Identify trend direction (signal line above/below zero)
Lower timeframe: Time precise entries using pullback signals
Confirmation: Use additional momentum indicators for signal validation
Risk Management
Reduce position size at extreme levels (increased reversal risk)
Use ATR-based stops (e.g., 2× ATR from entry)
Exit on opposite extreme level or signal line zero cross
Chart Legend - Visual Signal Guide
Lines and Fills
🔵 Blue Line: LBR 3/10 oscillator value
🔴 Red Line: Signal line (9-period MA of oscillator)
💠 Light Blue Fill: Area between oscillator and signal line (visual momentum gauge)
Background Colors
🟥 Light Red Background: Extreme overbought zone (LBR > +125)
🟩 Light Green Background: Extreme oversold zone (LBR < -125)
Horizontal Reference Lines
➖ +125 (Gray Dashed): Overbought extreme level
➖ 0 (Gray Solid): Zero line - trend separator
➖ -125 (Gray Dashed): Oversold extreme level
Signal Markers
🟢 Green Circle: Bullish divergence detected (price lower low, oscillator higher low)
🔴 Red Circle: Bearish divergence detected (price higher high, oscillator lower high)
▲ Green Triangle Up: Bullish signal cross (oscillator crosses above signal line)
▼ Red Triangle Down: Bearish signal cross (oscillator crosses below signal line)
Yellow Diamond "↑PB": First pullback in uptrend (high-probability buy setup)
Yellow Diamond "↓PB": First pullback in downtrend (high-probability sell setup)
Combining with MACD-V+ Indicator
LBR 3/10 and MACD-V+ work together as a powerful two-timeframe momentum system:
Indicator Roles
MACD-V+: Strategic direction (12-26 period) - identifies market regime and lifecycle state
LBR 3/10: Tactical timing (3-10 period) - pinpoints precise entry and exit moments
Key Principles
Strategic Filter: MACD-V+ determines IF you should trade (market regime)
Tactical Timing: LBR 3/10 determines WHEN to enter (precise timing)
Confirmation Reduces Risk: Trade only when both indicators agree
Respect Lifecycle Changes: Exit when MACD-V+ state changes against your position
Methodology
The LBR 3/10 indicator implements statistical analysis and volatility normalization techniques to create a universal short-term momentum tool. This approach enables consistent interpretation across all markets and timeframes.
The indicator implements:
ATR-based normalization for cross-market comparability
Statistical extreme level validation (±125 levels)
Noise reduction through first pullback filtering
Dual MA type support (SMA/EMA) for flexibility
Standard deviation bands for adaptive threshold levels
LBR 3/10 provides traders with a precise tool for short-term momentum analysis and tactical entry timing. Combined with proper risk management and multi-timeframe analysis, it offers objective signals for both trend-following and reversal trading strategies.
This indicator is designed for educational and analytical purposes. Past performance does not guarantee future results. Always conduct thorough research and consider consulting with financial professionals before making investment decisions.
Dynamic Supply & Demand with 20,50 & 200 EMADynamic Supply & Demand with 20, 50 & 200 EMA is an intraday trend-following indicator designed for traders who want to identify key support and resistance levels along with trend direction.
Features:
Plots 20, 50, and 200 EMAs to indicate short, medium, and long-term trends.
Calculates supply (resistance) and demand (support) zones dynamically based on recent price action and ATR for better accuracy.
Highlights bullish and bearish conditions using EMA alignment and RSI filter.
Includes a fixed bottom-right watermark to display author identity (@solomonselvam).
Fully compatible with Pine Script v5 and optimized for intraday charts.
How to use:
Use EMA alignment (20 > 50 > 200) and RSI > 55 for bullish setups.
Use EMA alignment (20 < 50 < 200) and RSI < 45 for bearish setups.
Look for price interaction with supply/demand zones for potential entries or exits.
Note: This indicator is best used in combination with proper risk management and price action confirmation.
Supply & Demand Limited [DOSALGO]The Supply & Demand Limited indicator is a powerful tool designed to automatically identify and plot significant supply and demand zones on your chart. Based on the core principles of price action, this indicator pinpoints areas where buying or selling pressure has historically been strong enough to cause a substantial shift in the market. By visualizing these key institutional levels, traders can gain a clearer perspective on potential turning points, support/resistance areas, and high-probability trade setups.
This "Limited" version is specifically optimized for higher timeframe analysis and will function exclusively on Daily and Weekly charts, helping traders focus on the most significant market structure.
Key Features
Automatic Zone Detection: The indicator's internal calculation method scans the price action to detect valid supply and demand zones, saving you the time and effort of manual charting.
Identifies Key Patterns: It recognizes classic supply and demand patterns, including Rally-Base-Drop (RBD), Drop-Base-Rally (DBR), and continuation patterns like Rally-Base-Rally (RBR) and Drop-Base-Drop (DBD).
Dynamic Zone Interaction: Zones are not static. The indicator tracks price interaction, changing a zone's color once it has been touched. It can also automatically remove zones that have been significantly penetrated, keeping your chart clean and relevant.
"Level on Level" (LoL) Detection: A unique feature that identifies when new zones form within or overlapping existing ones. These "stacked" zones can often indicate particularly strong areas of confluence.
Built-in Alerts: Never miss an opportunity. Set up custom alerts to notify you the moment a new supply or demand zone is formed or when the price touches an existing zone.
Fully Customizable: Tailor the indicator to your exact trading style with extensive customization options. Adjust everything from the zone definition and colors to the number of zones displayed on your chart.
How to Use This Indicator
The primary goal of this indicator is to highlight potential areas where the market may reverse or pause.
Identify Potential Reversal Points: A supply zone (red) above the current price may act as resistance, presenting a potential area for short entries. A demand zone (green) below the current price may act as support, offering a potential area for long entries.
Confirm with Other Tools: For best results, use these zones in conjunction with your existing trading strategy. Confirm signals with other indicators, trend analysis, or fundamental factors to increase confidence.
Set Stop-Loss and Take-Profit: The boundaries of the zones can serve as logical guides for placing stop-loss orders (e.g., just above a supply zone or just below a demand zone) and for setting profit targets.
Settings Explained
Zone Definition
Show "Level on Level" (LoL) Labels: Toggles the "(LoL)" text on zones that are stacked on top of each other.
Include Continuation Patterns?: Choose whether to display only reversal patterns (RBD, DBR) or also include continuation patterns (RBR, DBD).
Zone Type: Select how zones are drawn.
Wider: Uses the full high/low of the base candles for a larger zone.
Preferred: Uses a more precise calculation to define the zone, often resulting in a tighter, more refined area.
Max Base Candles in Zone: Sets the maximum number of consolidation (base) candles allowed for a valid zone to be formed.
Zone Display & Limits
Limit Supply/Demand Zones: Toggle on or off to limit the number of zones displayed.
Max Supply/Demand Zones: When the limit is on, this sets the maximum number of the most relevant supply or demand zones to show on the chart.
Zone Interaction
Delete Zone on Deep Wick Penetration?: If enabled, the indicator will automatically remove a zone from the chart if the price penetrates it by a significant amount.
Remove Tested Zone %: Defines how much the price must penetrate a zone (as a percentage of the zone's height) to be considered "deep" and trigger its removal.
Colors & Style
Full customization over the colors for fresh and touched supply and demand zones, as well as the appearance of the zone labels.
Alerts
Alert on New Zone Creation?: Enable to receive an alert when a new zone is confirmed.
Alert on Zone Touch?: Enable to receive an alert when the price first enters an existing zone.
Disclaimer: This indicator is a tool for technical analysis and should not be considered financial advice. All trading involves risk. Always conduct your own research and analysis before making any trading decisions. Past performance is not indicative of future results.
MACD-V+MACD-V+ Indicator - Advanced Momentum Analysis
The MACD-V+ indicator is an enhanced version of the volatility-normalized MACD methodology developed by Alex Spiroglou. This approach addresses critical limitations of traditional MACD through ATR-based volatility normalization, providing comparable values across time and markets.
What is MACD-V?
MACD-V applies Average True Range (ATR) normalization to traditional MACD, creating a universal momentum indicator that works consistently across all markets and timeframes. The methodology was developed through extensive statistical research analyzing multiple markets and timeframes.
Formula: × 100
This normalization transforms MACD from price-dependent values into standardized momentum readings.
Traditional MACD Limitations
Limitation 1: Non-Comparable Values Across Time
Traditional MACD values cannot be compared across different time periods due to varying price levels. S&P 500 maximum MACD was 1.56 in 1957-1971, but reached 86.31 in 2019-2021 - not indicating 55x stronger momentum, but simply different price scales.
Solution: MACD-V provides comparable historical values where a reading of 100 today has the same mathematical meaning as 100 in any previous period.
Limitation 2: Non-Comparable Across Markets
Traditional MACD cannot compare momentum between different assets. S&P 500 MACD of 65 versus EUR/USD MACD of -0.5 reflects price differences, not relative strength.
Solution: MACD-V creates universal levels that work across all markets. The ±150 extreme levels apply consistently whether analyzing stocks, bonds, commodities, or currencies.
Limitation 3: No Objective Momentum System
Traditional MACD lacks universal overbought or oversold level definitions, making systematic analysis difficult.
Solution: MACD-V provides an objective 7-stage momentum lifecycle system with clearly defined zones and state transitions.
Limitation 4: Signal Line False Signals
In low momentum environments, traditional MACD generates multiple false signals as the line oscillates near zero.
Solution: MACD-V filters signal quality by identifying neutral zones (-50 to +50) where signal reliability is lower.
Limitation 5: Signal Line Timing Lag
During extreme momentum, traditional MACD signal line lags significantly due to large separation from the MACD line.
Solution: MACD-V anticipates timing issues in extreme momentum environments (±150) through zone-based analysis and lifecycle states.
Universal Application
MACD-V+ works across:
Individual Stocks
Forex Pairs
Commodity Futures
Cryptocurrencies
All Timeframes
Key Features
Zone System
Overbought Zone: Above +150 (extreme bullish momentum)
Rally Zone: +50 to +150 (strong bullish momentum)
Ranging Zone: -50 to +50 (neutral/low momentum)
Rebound Zone: -50 to -150 (strong bearish momentum)
Oversold Zone: Below -150 (extreme bearish momentum)
7-Stage Lifecycle States
Ranging: Neutral momentum in -50 to +50 zone
Rallying: Rally zone + MACD above Signal + rising momentum
Overbought: Extreme zone above +150
Retracing: Rally zone + MACD below Signal (pullback from overbought)
Reversing: Rebound zone + MACD below Signal + falling momentum
Oversold: Extreme zone below -150
Rebounding: Rebound zone + MACD above Signal (recovery from oversold)
Visual Status Display
Real-Time State Table: Shows current lifecycle state name
Color-Coded States: Blue (Rallying/Rebounding), Red (Overbought/Oversold), Orange (Retracing/Reversing), Gray (Ranging)
Strength Multiplier: Live histogram strength indicator (e.g., "x 1.45")
Enhanced Features (Plus)
Absolute Histogram MA: ATR-length moving average of absolute histogram values for strength measurement
Direction-Aware Display: MA line follows histogram sign (positive above 0, negative below 0)
Strength Multiplier: Current momentum vs. average strength ratio (always positive value)
Histogram Extreme Levels: Short-term overbought/oversold (±40) for pullback detection
Chart Legend - Visual Signal Guide
Lines and Histogram
🔵 Blue Line: MACD-V value (ATR-normalized momentum)
🟠 Orange Line: Signal line (9-period EMA of MACD-V)
📊 Histogram Bars: MACD-V minus Signal line (momentum differential)
Histogram Colors: Green shades (positive momentum), Red shades (negative momentum)
🟡 Yellow Line: Dynamic MA of absolute histogram values (follows histogram sign)
Background Colors
🟥 Light Red Background: Extreme overbought zone (MACD-V > +150)
🟩 Light Green Background: Extreme oversold zone (MACD-V < -150)
Horizontal Reference Lines
➖ +150 (Gray Dashed): Overbought extreme level
➖ +50 (Gray Dashed): Rally zone entry level
➖ 0 (Gray Solid): Zero line - trend separator
➖ -50 (Gray Dashed): Rebound zone entry level
➖ -150 (Gray Dashed): Oversold extreme level
Optional Histogram Levels
➖ +40 (Yellow Dashed): Histogram short-term overbought
➖ -40 (Yellow Dashed): Histogram short-term oversold
Status Table
📋 Top-Center Table: Current lifecycle state display
State Name: RANGING / RALLYING / OVERBOUGHT / RETRACING / REVERSING / OVERSOLD / REBOUNDING
Histogram Warning: Short-term overbought/oversold alerts (±40 levels)
State Label
📊 Label at MACD/Signal Midpoint: Current lifecycle state with strength analysis
State Name: RANGING / RALLYING / OVERBOUGHT / RETRACING / REVERSING / OVERSOLD / REBOUNDING
Strength Multiplier Interpretation:
- Strong acceleration (>1.75): Powerful momentum, trend continuation likely
- Moderate progression (1.25-1.75): Normal trend strength
- Trend continuation (0.75-1.25): Stable momentum near average
- Watch for reversal (0.25-0.75): Weakening momentum
- Trend exhaustion (<0.25): Very weak momentum, reversal possible
Trading Applications
1. Lifecycle State Trading
Enter Long: When state changes to "RALLYING" (strong bullish momentum established)
Enter Short: When state changes to "REVERSING" (strong bearish momentum established)
Exit/Reduce: When state reaches "OVERBOUGHT" or "OVERSOLD" (extreme levels)
Avoid Trading: When state is "RANGING" (low momentum, unreliable signals)
2. Zone-Based Trading
Rally Zone (+50 to +150): Look for pullback entries (histogram dips)
Rebound Zone (-50 to -150): Look for bounce entries (histogram rises)
Extreme Zones (±150+): Prepare for reversal or take profits
Ranging Zone (-50 to +50): Wait for breakout confirmation
3. Signal Line Crossovers
Bullish Cross: MACD-V crosses above Signal line (momentum shift up)
Bearish Cross: MACD-V crosses below Signal line (momentum shift down)
Quality Filter: Trust crossovers in Rally/Rebound zones, ignore in Ranging zone
4. Zero Line Crosses
Cross Above 0: Transition to bullish regime
Cross Below 0: Transition to bearish regime
Trend Confirmation: Strong trends keep MACD-V on same side of zero
5. Histogram Extreme Strategy
Above +40: Short-term overbought - potential pullback
Below -40: Short-term oversold - potential bounce
Use with Trend: Buy dips to -40 in uptrend, sell rallies to +40 in downtrend
6. Strength Multiplier Analysis
> 1.75: Strong acceleration - powerful momentum, trend continuation highly likely
1.25 to 1.75: Moderate progression - normal healthy trend strength
0.75 to 1.25: Trend continuation - stable momentum near average strength
0.25 to 0.75: Watch for reversal - momentum weakening significantly
< 0.25: Trend exhaustion - very weak momentum, reversal possible
Comprehensive Alert System
Lifecycle State Change Alerts
Range Entered (low momentum warning)
Rally Started (bullish momentum established)
Overbought Reached (extreme bullish level)
Overbought Exit (leaving extreme zone)
Retracing Started (pullback from overbought)
Reversal Started (bearish momentum established)
Oversold Reached (extreme bearish level)
Oversold Exit (leaving extreme zone)
Rebounding Started (recovery from oversold)
Alert Builder Integration
Binary outputs (1/0) for external alert systems:
Individual state flags for each of 7 lifecycle states
Strength multiplier value for programmatic trend assessment
Settings & Parameters
MACD Configuration
MACD Fast: Fast EMA period (default: 12)
MACD Slow: Slow EMA period (default: 26)
Signal Line: Signal smoothing period (default: 9)
Source: Price source (default: Close)
Zone Boundaries
Overbought: Extreme bullish level (default: 150)
Oversold: Extreme bearish level (default: -150)
Rally: Strong bullish zone entry (default: 50)
Rebound: Strong bearish zone entry (default: -50)
Histogram Bounds
Histogram OB: Short-term overbought (default: 40)
Histogram OS: Short-term oversold (default: -40)
Trend Filters
MA Type: Histogram strength MA calculation method (None / SMA / EMA)
Show Elder Impulse Plus: Bar color system based on EMA(13) + histogram direction
200 EMA trend: Trend Filter v1 - Bull/Bear classification (adaptive MACD-V levels)
50/200 EMA 6-stage: Trend Filter v2 - Chuck Dukas Diamond 6-stage market classification
Best Practices
Trending Markets
Focus on "RALLYING" or "REVERSING" states for entries
Use histogram pullbacks (±40) for position additions
Monitor strength multiplier - exit if drops below 0.25
Take profits in extreme zones (±150+)
Yellow MA crossing histogram warns of momentum shift
Ranging Markets
Avoid trading when state is "RANGING"
Wait for clear zone entry (Rally/Rebound zone)
Use shorter timeframes for precision
Reduce position sizes due to lower reliability
Multi-Timeframe Analysis
Higher timeframe: Identify market regime (lifecycle state)
Lower timeframe: Time precise entries (histogram pullbacks)
Alignment: Trade only when both timeframes agree on direction
Risk Management
Reduce position size in extreme zones (±150+)
Use lifecycle state changes for stop-loss placement
Scale out of positions when strength multiplier < 0.25
Avoid counter-trend trades in strong states (RALLYING/REVERSING)
Watch yellow MA - when it crosses below histogram absolute value, momentum weakening
Combining with LBR 3/10-V Indicator
MACD-V+ and LBR 3/10-V create a powerful two-timeframe momentum system for strategic direction and tactical timing.
Strategic Filter: MACD-V+ determines WHETHER to trade (market regime)
Tactical Precision: LBR 3/10-V determines WHEN to enter (timing)
Double Confirmation: Both indicators must agree on direction
Lifecycle Management: Exit when MACD-V+ state changes
Strength Validation: Use MACD-V+ multiplier for position sizing
Extreme Respect: Both hitting extremes = high reversal probability
Methodology
MACD-V methodology is based on volatility normalization using Average True Range (ATR). This approach transforms traditional MACD into a universal momentum indicator with statistically-validated zones and objectively-defined states.
The indicator implements:
ATR-based normalization for cross-market comparability
Statistical analysis for universal zone definitions (±150, ±50)
Lifecycle state system for objective trend identification
Absolute histogram MA with direction-aware visualization (ATR-length period)
Strength multiplier: ratio of current to average absolute momentum (always positive)
Dynamic status table adapting to active trend filters
MACD-V+ transforms momentum analysis from subjective interpretation into objective, quantifiable measurements. Combined with LBR 3/10-V for tactical timing, it provides a complete framework for systematic trading across all financial markets and timeframes.
This indicator is designed for educational and analytical purposes. Past performance does not guarantee future results. Always conduct thorough research and consider consulting with financial professionals before making investment decisions.
RSI with Dynamic Overbought/Oversold Levels [SwissAlgo]RSI with Dynamic Overbought/Oversold Levels
RSI indicator with adaptive overbought/oversold levels based on percentile analysis instead of fixed thresholds 30/70.
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OVERVIEW
Traditional RSI uses static 30/70 levels that may fail to adapt to changing market conditions. This indicator calculates dynamic overbought/oversold zones based on recent price behavior, providing context-aware signals across dynamic volatility regimes.
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KEY FEATURES
Dynamic percentile bands (98th, 95th, 90th, 10th, 5th, 2nd) that automatically adjust to current market volatility
Color-coded RSI line: red when above 98th percentile (extreme overbought), green when below 2nd percentile (extreme oversold), purple otherwise
Highlighted extreme zones with subtle background fills for easy visual identification
Adjustable responsiveness: Fast (50 bars), Medium (100 bars), or Slow (200 bars) for different trading styles and timeframes
Optional smoothing MA with multiple types: SMA, EMA, RMA, WMA, VWMA
Built-in alerts for extreme overbought/oversold conditions
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HOW IT WORKS
The indicator tracks RSI values over a rolling window and calculates percentile ranks. When RSI reaches its 98th percentile, it means current momentum is stronger than 98% of recent readings — signaling a potentially extreme overbought condition relative to recent behavior, not just an arbitrary fixed level.
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USAGE
Watch for RSI entering colored extreme zones (red/green fills) for potential exhaustion signals
Use the 90th/10th percentile bands as early warning levels
Combine with price action, support/resistance, or other indicators and your own analysis for confirmation
Adjust responsiveness based on your timeframe
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SETTINGS
RSI Length: Standard 14-period default, adjustable
RSI Source: Close price default, customizable
Responsiveness: Choose how quickly percentile bands adapt to new data
Smoothing: Optional moving average overlay on RSI
Show Percentile Bands: Toggle visibility of dynamic levels
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ALERTS
Two alert conditions are available:
RSI Extreme Overbought (crosses above 98th percentile)
RSI Extreme Oversold (crosses below 2nd percentile)
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NOTES
Percentile levels recalculate as new data arrives, providing adaptive context rather than fixed historical values. This is intentional; the indicator shows where RSI stands relative to recent market behavior, not potentially outdated static thresholds.
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LIMITATIONS & DISCLAIMER
PERCENTILE RECALCULATION
This indicator uses rolling percentile calculations that update as new price data arrives. Historical percentile levels may shift slightly as the lookback window moves forward . This is by design; the indicator provides context relative to recent market behavior, not static historical thresholds. Users should be aware that backtest results may differ slightly from real-time performance due to this adaptive nature.
NO PREDICTIVE CLAIMS
This indicator identifies when RSI reaches extreme levels relative to recent history. It does NOT predict future price movements, guarantee reversals, or provide trading signals. Extreme overbought/oversold conditions can persist during strong trends, price may continue moving in the same direction even after entering extreme zones.
ALERT TIMING
Alerts trigger when RSI crosses percentile thresholds on bar close. In fast-moving markets, significant price movement may occur between alert generation and user response. Always confirm conditions and DYOR before taking action.
NOT FINANCIAL ADVICE
This tool is for informational and educational purposes only. It does not constitute financial, investment, or trading advice. Past performance of any trading system or methodology is not indicative of future results. Trading involves substantial risk of loss and is not suitable for all investors.
USER RESPONSIBILITY
Users are solely responsible for their trading decisions. Always conduct your own analysis, implement proper risk management, and never risk more than you can afford to lose. Test thoroughly on paper/demo accounts before live trading.
NO WARRANTIES
This indicator is provided "as is" without warranties of any kind. The author assumes no responsibility for trading losses, technical errors, or any damages resulting from the use of this indicator.
Delta Bubbles by exp3rtsDelta Bubbles is a powerful volume-based order flow tool that detects aggressive market activity, highlights trapped traders, and visualizes key liquidity zones on your chart — perfect for scalpers, intraday traders, and anyone trading momentum or reversals.
🧠 What It Does:
📈 Buy/Sell Bubbles: Detects aggressive buying/selling pressure using a volume delta approximation.
🟩 Trap Zones: Highlights areas where traders likely got trapped (buying in downtrends or selling in uptrends).
⚠️ Potential Traps: Shows lighter “setup” zones for trades that may become traps.
🟥🟩 Colored Bars: Optional trend coloring for visual clarity (based on 50 EMA).
📉 Zone Liquidation: Automatically removes zones once price revisits them.
🧩 Customizable Settings:
Bubble sensitivity and size thresholds.
Trap zone width and minimum bubble size.
Toggle trap liquidation, potential zones, colored bars, and bubble visibility.
📌 How to Use It:
Look for trap zones forming against the trend (e.g., bearish bubble in an uptrend → green trap zone).
Watch for retests of zones — these can be key levels for fades or breakouts.
Combine with price action, support/resistance, VWAP, or other confluence tools.
🚀 Best For:
Scalping and reversal trading on intraday timeframes (5m, 15m).
Futures, indices (e.g., NASDAQ, S&P 500), crypto, or any liquid market.
Cumulative Relative Volume- Intraday (RVOL)This Indicator checks the current day's cumulative volume at sometime t and compares it to the average cumulative volume traded over the last 14 days, till the particular time t. this helps in identifying how the trajectory of the volume is growing or reducing through the day. if the RVOLS are high and remains high throughout the session, then the intensity of buying is high. along with any price action this could give a confirmation to a breakout or a breakdown
EMA 20 TirangaEMA 20 high, low and close strategy for intraday. Candles closing above EMAs for bullish moves and candles closing below EMAs for bearish moves. EMA 500 to check overall trend.
Justin Mamis Sentiment Phases-BetaJustin Mamis Sentiment Phases – Beta
This indicator is an experimental attempt to visualize the sentiment cycle described by Justin Mamis, who outlined the psychological phases of market participants during major price cycles. The tool aims to highlight possible shifts between optimism, enthusiasm, denial, fear, despair, and recovery phases, based on price action dynamics.
⚠️ Important Notes:
This is a beta version and should be treated as a conceptual/educational tool rather than a precise trading signal generator.
Market sentiment is complex and cannot be reduced to a single formula. The indicator may provide false or lagging signals.
Results may vary significantly depending on asset type, timeframe, and market conditions.
💡 Usage Recommendation:
Use this indicator only as a complementary perspective within a broader trading framework. Always confirm signals with additional technical or fundamental analysis.
⚠️ Risk Disclaimer:
This is an experimental indicator. Trading and investing involve substantial risk. The author provides no guarantees of accuracy or profitability. All trading decisions and financial risks remain the sole responsibility of the user.
Dubas_timing_macrosChanged script for my presonal user. Changed script for my presonal user. Changed script for my presonal user. Changed script for my presonal user
Smart Money Concepts [varshitAlgo]🚀 Smart Money Concept (SMC) – Varshit Algo Indicator
The Varshit Algo Indicator is built for traders who want to trade like institutions and understand the true market structure behind the charts. It combines multiple Smart Money Concepts into one powerful tool to help identify high-probability trade setups.
🔹 Key Features:
Automatically detects Order Blocks, Break of Structure (BOS), and Market Structure Shifts (MSS)
Highlights Fair Value Gaps (FVG) for precise entry points
Identifies liquidity zones and reversal areas where market makers trap retail traders
Multi-timeframe confirmation for stronger signals
Clean, user-friendly, and professional visual design
🔹 Best For:
Scalping, intraday, and swing trading
Traders who want to apply institutional trading concepts
Beginners to learn SMC + Advanced traders to execute strategies with confidence
⚠️ Disclaimer: This indicator is for educational and analytical purposes only. It is not financial advice. Always trade with proper risk management.
Prev Candle Breakout (Strict Close Basis - First Signal Only)This indicator is based on Dow theory and Price action
Multi-Timeframe Trend Table - Fully Customizable EMA Analysis📊 Complete Control Over Your Multi-Timeframe Analysis
This advanced indicator displays real-time trend direction for ANY two timeframes of your choice in a clean, professional table format. Perfect for traders who want complete flexibility in monitoring higher timeframe trends while executing trades on lower timeframes.
🎯 Key Features
Fully Customizable Timeframes: Choose ANY two timeframes from dropdown menus (1m to 1M)
Adjustable EMA Periods: Customize both short and long EMA lengths to match your strategy
Smart Timeframe Display: Automatic formatting (60→1H, 240→4H) or show custom labels
EMA-Based Logic: Uses proven EMA crossover methodology for trend determination
Visual Clarity: Color-coded table with green (uptrend) and red (downtrend) indicators
Optional EMA Values: Toggle to display actual EMA values in the table
Flexible Positioning: Place table in any corner of your chart
Built-in Alerts: Get notified when trends align or diverge
Real-Time Updates: Automatically refreshes with each bar close
Pine Script v6: Latest version with enhanced performance
📈 How It Works
The indicator determines trend direction using a simple but effective rule:
UPTREND: Price is above both Short EMA AND Long EMA
DOWNTREND: Price is below either Short EMA OR Long EMA
🔧 Comprehensive Settings
Timeframe Settings:
First Timeframe: Select any timeframe (default: 1H)
Second Timeframe: Select any timeframe (default: 4H)
EMA Settings:
Short EMA Length: Customizable (default: 50)
Long EMA Length: Customizable (default: 100)
Display Options:
Show EMA Values: Display actual EMA numbers in table
Table Position: 4 corner positions available
Custom Timeframe Labels: Toggle between formatted (1H) or raw (60) labels
Plot Current EMAs: Optional EMA lines on your current chart
💡 Trading Applications
✅ Complete Flexibility: Monitor any timeframe combination (5m/15m, 1H/1D, etc.)
✅ Strategy Alignment: Adapt EMA periods to match your trading system
✅ Trend Confirmation: Ensure trades align with higher timeframe direction
✅ Risk Management: Avoid counter-trend trades in strong directional markets
✅ Entry Timing: Use lower timeframe for entries while respecting higher timeframe bias
✅ Scalping Enhancement: Perfect for any scalping timeframe with higher timeframe context
✅ Swing Trading: Monitor daily/weekly trends while trading on hourly charts
🚨 Smart Alerts
Both Timeframes Bullish: Get notified when both timeframes turn bullish
Both Timeframes Bearish: Alert when both timeframes turn bearish
Timeframes Diverging: Know when your timeframes disagree on direction
🎨 Professional Design
Clean, modern table layout
Intuitive color coding (Green = Up, Red = Down)
Compact size that doesn't obstruct chart analysis
Clear typography for instant trend recognition
Customizable positioning for optimal workflow
📋 Perfect For
Day traders and scalpers of all timeframes
Swing traders seeking trend confirmation
Multi-timeframe analysis enthusiasts
Traders using custom EMA strategies
Anyone wanting flexible trend monitoring
Algorithmic traders needing trend filters
🚀 Easy Setup
Add to any chart (works on all timeframes)
Select your preferred timeframes from dropdowns
Adjust EMA periods to match your strategy
Customize display options and table position
Set up alerts for trend changes
Start trading with complete timeframe awareness
No complex configurations needed - just customize and trade!
🔄 Use Cases
Scalpers: Monitor 15m/1H while trading on 1m/3m
Day Traders: Watch 1H/4H while trading on 5m/15m
Swing Traders: Track 4H/1D while trading on 1H
Position Traders: Monitor 1D/1W while trading on 4H
Custom Strategies: Any timeframe combination you prefer
This indicator is designed for educational and informational purposes. Always combine with proper risk management and your own analysis.
Multi-Timeframe Trend Table - EMA Based Trend Analysis📊 Stay Aligned with Higher Timeframe Trends While Scalping
This powerful indicator displays real-time trend direction for 1-hour and 4-hour timeframes in a clean, easy-to-read table format. Perfect for traders who want to align their short-term trades with higher timeframe momentum.
🎯 Key Features
Multi-Timeframe Analysis: Monitor 1H and 4H trends while trading on any timeframe (3min, 5min, 15min, etc.)
EMA-Based Logic: Uses proven EMA 50 and EMA 100 crossover methodology
Visual Clarity: Color-coded table with green (uptrend) and red (downtrend) indicators
Customizable Display: Toggle EMA values and adjust table position
Real-Time Updates: Automatically refreshes with each bar close
Lightweight: Minimal resource usage with efficient data requests
📈 How It Works
The indicator determines trend direction using a simple but effective rule:
UPTREND: Price is above both EMA 50 AND EMA 100
DOWNTREND: Price is below either EMA 50 OR EMA 100
🔧 Settings
Show EMA Values: Display actual EMA 50/100 values in the table
Table Position: Choose from 4 corner positions (Top Right, Top Left, Bottom Right, Bottom Left)
Plot Current EMAs: Optional display of EMA lines on your current chart
💡 Trading Applications
✅ Trend Confirmation: Ensure your trades align with higher timeframe direction
✅ Risk Management: Avoid counter-trend trades in strong directional markets
✅ Entry Timing: Use lower timeframe for entries while respecting higher timeframe bias
✅ Scalping Enhancement: Perfect for 1-5 minute scalping with higher timeframe context
🎨 Visual Design
Clean, professional table design
Intuitive color coding (Green = Up, Red = Down)
Compact size that doesn't obstruct your chart
Clear typography for quick reading
📋 Perfect For
Day traders and scalpers
Swing traders seeking trend confirmation
Multi-timeframe analysis enthusiasts
Traders who want simple, effective trend identification
🚀 Easy Setup
Add to any chart (works on all timeframes)
Customize table position and settings
Start trading with higher timeframe awareness
Watch the table update automatically
No complex configurations needed - just add and trade!
This indicator is designed for educational and informational purposes. Always combine with proper risk management and your own analysis.
RWE (MASTER CƯỜNG BOSS)Tôi là một nhà giao dịch master, tôi muốn chia sẻ đến các bạn những chỉ báo tuyệt vời nhất
Top-CM_EMA Trend Bars with Alerts and Arrows (03102025) v01🟢 Top-CM_EMA Trend Bars with Alerts and Arrows (03102025) v01
🔎 Indicator Overview:
Top-CM_EMA Trend Bars is a technical analysis tool that utilizes an Exponential Moving Average (EMA) to help traders visually identify market trends. It automatically colors the candles based on trend direction and provides real-time alerts and arrows when a potential trend reversal occurs.
⚙️ Key Features:
✅ 1. EMA-Based Trend Detection
Uses a user-defined EMA (default: 34 periods).
If the average price of a candle (hlc3) is above the EMA → trend is considered uptrend (bullish).
If the price is below the EMA → trend is considered downtrend (bearish).
✅ 2. Color-Coded Trend Bars
Candles are automatically colored to reflect the current trend:
🟩 Green (lime): Uptrend
🟥 Red: Downtrend
Helps traders quickly understand the market direction without manual analysis.
✅ 3. Optional EMA Line Display
Users can choose to show or hide the EMA line with a simple toggle (Show EMA Trend is Based On?).
✅ 4. Real-Time Buy/Sell Alerts
Alerts are triggered when the trend changes:
Transition from bearish to bullish → Buy Signal
Transition from bullish to bearish → Sell Signal
Compatible with TradingView’s alert system for automated notifications.
✅ 5. Directional Arrows on Chart
Displays visual markers:
🔼 Up Arrow (green) below the bar on a Buy Signal
🔽 Down Arrow (red) above the bar on a Sell Signal
Makes it easier to spot trend reversal points directly on the chart.
🧠 Who Is This For?
Technical traders looking for quick visual confirmation of trend direction.
Users who want to automate signal detection and receive instant alerts.
Beginners who prefer a clean and straightforward trend-following tool.
MACDV MTF V3.0 - ImprovedHow the Overall Signal Works:
1. Individual Indicator Scoring (per timeframe)
Each indicator is scored from -1 (bearish) to +1 (bullish):
MA Momentum: 30% (was 35%)
ADX/DI: 23% (was 25%) - improved logic
MACDV: 20% (was 25%)
RSI: 12% (was 15%)
Bollinger Bands: 10% (NEW)
Volume: 5% (NEW)
2. Multi-Timeframe Aggregation
Each timeframe gets a different weight:
Lower timeframes (1m, 3m, 5m): 2-4% weight
Mid timeframes (15m-1H): 6-10% weight
Higher timeframes (2H-4H, Daily): 12-14% weight
Very high (Weekly, Monthly): 10% weight
Higher timeframes carry more weight because they represent stronger, more reliable trends.
3. Signal Output
Score Range: -1.0 (extreme bearish) to +1.0 (extreme bullish)
Signal Labels:
STRONG BUY (>0.4)
BUY (>0.2)
WEAK BUY (>0.05)
NEUTRAL (-0.05 to 0.05)
WEAK SELL (<-0.05)
SELL (<-0.2)
STRONG SELL (<-0.4)
Confidence %: Shows how strong the signal is
4. Visual Display
Table Row: Shows the overall signal prominently at the bottom
Chart Plot: Signal score plotted with reference lines for each zone
Color Coded: Green for bullish, red for bearish, gray for neutral
Signal Logic Philosophy:
The system is designed to be conservative - it requires agreement across multiple timeframes and indicators before giving strong signals. This reduces false signals but may mean fewer total signals.
The weighting favors:
Long-term trend (MA momentum - 35%)
Trend strength (ADX/DI - 25%)
Short-term momentum (MACDV - 25%)
Momentum confirmation (RSI - 15%)
You can adjust the weights in the scoreIndicator() function to match your trading style!
ADX Values:
70+: "Very Strong Trend"
50-70: "Strong Trend"
40-50: "Trending"
25-40: "Emerging Trend"
20-25: "Weak Trend"
<20: "No Trend/Ranging"
ADX/DI Relationship (now correctly shows):
"Strong Uptrend" - DI+ dominates above ADX
"Strong Downtrend" - DI- dominates above ADX
"Weak Uptrend/Downtrend" - Direction clear but weak
"Choppy Trend" - Both DI lines above ADX (indecision)
"Ranging Market" - ADX below 25
Added Bollinger Bands 📊
What it shows:
Position of price within the bands (0-100%)
Identifies overbought/oversold extremes
Helps spot potential reversals
Status Labels:
Ext. Overbought (>95%)
Overbought (>80%)
Upper/Mid/Lower Range
Oversold (<20%)
Ext. Oversold (<5%)
How it helps:
When price is at extremes (>95% or <5%), expect mean reversion
Complements RSI for better entry/exit timing
10% weight in overall signal
Added Volume Analysis 📈
What it shows:
Current volume vs 20-period average
Confirms or questions the strength of moves
Status Labels:
Very High (>2.0x average)
High (>1.5x)
Above/Below Average
Low (<0.5x)
How it helps:
High volume + bullish indicators = strong confidence
Low volume + signals = weak/questionable moves
5% weight in overall signal (confirmation role)
How to Use the Enhanced Indicator
Reading the Overall Signal:
Check the bottom row - Shows: Signal | Score | Confidence%
Look at higher timeframes first (Daily, 4H, 1H) - they carry more weight
Confirm with volume - Strong signals need volume confirmation
Check BB position - Avoid buying at extremes unless oversold bounce
Best Signal Combinations:
Strong Buy Setup:
Overall Signal: BUY or STRONG BUY
Multiple timeframes: Phase I or II momentum
ADX: Emerging or Strong Trend (>25)
ADX/DI: Strong Uptrend
Volume: Above Average or High
BB: Oversold or Lower Range
MACDV: Rallying or Rebounding
Strong Sell Setup:
Overall Signal: SELL or STRONG SELL
Multiple timeframes: Phase III, IV, or V
ADX: Strong Trend with DI- dominant
Volume: High (confirming the move down)
BB: Overbought or Upper Range
MACDV: Retracing or Reversing
Neutral/Wait:
Mixed timeframe signals
Low volume across timeframes
ADX: Ranging Market
BB: Mid Range
MACDV: Ranging
⚠️ Important Trading Notes:
No indicator is perfect - Use this with price action, support/resistance, and risk management
Higher timeframes matter more - A Daily bearish signal overrides a 5min bullish signal
Volume confirms everything - Low volume signals are suspect
BB extremes can persist - Overbought can become more overbought in strong trends
Always use stop losses - Even "STRONG BUY" signals can fail
The indicator is now significantly more robust with better ADX interpretation, volume confirmation, and mean reversion detection via Bollinger Bands!
