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Evil's Two Legged IndicatorA pullback strategy indicator designed for scalping. This attempts to Identify classic 2-leg pullback patterns and filters out signals during choppy market conditions for better signals. How It Works: The indicator detects when price forms two pullback legs (swing lows in an uptrend or swing highs in a downtrend) near key support/resistance zones, then signals when reversal confirmation occurs. Equal-level pullbacks (double bottoms/tops) are marked as stronger signals. Features: Channel Options: Donchian (default), Linear Regression, or ATR Bands Configurable EMA: For trend confirmation (default 21) Adjustable Leg Detection: Swing lookback period for different timeframes Equal Level Detection: Highlights stronger setups where both legs terminate at similar prices Three Chop Filters (can be combined): ADX Filter — suppresses signals when ADX is below threshold (default 25) EMA Slope Filter — suppresses signals when EMA is flat Chop Index Filter — suppresses signals when Chop Index indicates ranging conditions Signal Types: Standard signals: 2-leg pullback detected with trend confirmation Strong signals (highlighted): 2-leg pullback with equal highs/lows — higher probability setup Recommended Use: Best suited for scalping on 1-5 minute chart. Designed for 1.5:1 risk/reward setups. Settings Guide: Increase "Swing Lookback" for fewer, higher-quality signals Adjust "Equal Level Threshold" to fine-tune what counts as a double bottom/top Enable/disable chop filters based on your market and timeframe Use "Show Strong Signals Only" to filter for highest conviction setups
Pine Script® indicator
by evilTexan
Institutional Alpha Vector | D_QUANTInstitutional Alpha Vector | D_QUANT Overview The Institutional Alpha Vector (IAV) is an enterprise-grade composite trend ecosystem designed to identify high-probability institutional order flow. Unlike standard indicators that rely on a single data point, the IAV synthesizes Price Action, Momentum Physics, Volatility Regimes, and Volume Flow into a single, unified Alpha Vector. This tool is not merely a signal generator, it is a market regime filter. It visualizes the consensus of four distinct quantitative models through a sophisticated "Electric Conduit" rendering engine, allowing traders to visualize the strength, direction, and volatility of the current trend instantly. The Quantitative Engine The IAV constructs its signal by calculating a weighted consensus across four distinct modules. These modules work in synergy to filter out noise and highlight sustained institutional moves. MODULE 1 :: PRICE_FILTER : A highly responsive Hull Moving Average that serves as the "Spine" of the trend, reducing lag while maintaining smoothness. MODULE 2 :: VOLATILITY_REGIME : A dynamic envelope that adjusts to market noise. This creates the "Conduit" width—expanding during high-volatility expansion and contracting during consolidation. MODULE 3 :: MOMENTUM_PHYSICS : A directional movement filter that ensures signals are only generated when trend strength exceeds a specific threshold (default: 20). MODULE 4 :: INSTITUTIONAL_FLOW : A volume-weighted money flow engine that confirms if price movement is supported by actual volume (Smart Money participation). The Alpha Vector The core of this system is the Alpha Vector calculation. The indicator normalizes the outputs of all active modules into a composite score between -1.0 (Strong Bearish Consensus) and +1.0 (Strong Bullish Consensus). Bullish Entry: When the Alpha Vector crosses above the Long Threshold (Default: 0.1). Bearish Entry: When the Alpha Vector crosses below the Short Threshold (Default: -0.1). Neutral/Cash: When the consensus is weak or conflicting, the ribbon turns Grey/Flat, advising the trader to remain on the sidelines. // ========================================== // 3. SIGNAL AGGREGATION // ========================================== calc_composite_matrix() => _hma = calc_hma_series(hma_src, hma_len) _hma_sig_v = 0 if ta.crossover(close, _hma) _hma_sig_v := 1 else if ta.crossunder(close, _hma) _hma_sig_v := -1 _adx_sig_v = calc_adx_state(adx_len, adx_thresh) _cmf_sig_v = calc_cmf_state(cmf_len) _rma_sig_v = calc_rma_filter_state(hma_src, lookback, atr_len) var int s_hma = 0 var int s_adx = 0 var int s_cmf = 0 var int s_rma = 0 if _hma_sig_v != 0 s_hma := _hma_sig_v if _adx_sig_v != 0 s_adx := _adx_sig_v if _cmf_sig_v != 0 s_cmf := _cmf_sig_v if _rma_sig_v != 0 s_rma := _rma_sig_v = request.security(syminfo.ticker, "D", calc_composite_matrix(), lookahead=barmerge.lookahead_on) float alpha_score_num = 0.0 int alpha_score_den = 0 if use_hma alpha_score_num += d_hma alpha_score_den += 1 if use_adx alpha_score_num += d_adx alpha_score_den += 1 if use_cmf alpha_score_num += d_cmf alpha_score_den += 1 if use_rma alpha_score_num += d_rma alpha_score_den += 1 alpha_vector = alpha_score_den > 0 ? alpha_score_num / alpha_score_den : 0.0 Visual Intelligence: The "Electric Conduit" The visualization logic uses a Differential Gradient Model to represent market energy: The Spine (Core): The solid, bright center line represents the immediate trend direction. The Conduit (Fill): The gradient fill represents the Volatility Regime. Thick/Wide Ribbon: High Volatility (Expansion Phase). Thin/Tight Ribbon: Low Volatility (Contraction/Squeeze Phase). Bar Coloring: Native bar coloring is integrated to instantly align price action with the Alpha Vector, removing the need for mental processing. Settings The indicator is fully customizable via a "Compute-Style" configuration menu: MODULES: Toggle specific engines (HMA, ADX, CMF, RMA) on or off to adapt the Alpha Vector to your specific asset class (Crypto, Forex, or Indices). THRESHOLDS: Adjust sensitivity for Long/Short entries. VISUALS: Customize the "Core" and "Edge" colors to match your charting theme. “Alpha is not about predicting the future. It is about aligning with the mathematical consensus of the present.” — D_QUANT
Pine Script® indicator
by D_QUANT
AMT CVD [hardiman]█ OVERVIEW AMT CVD is a Cumulative Volume Delta indicator with a unique numeric labeling system designed for the Auction Market Theory (AMT) methodology by Fabio Valentino. Instead of just showing CVD as a line, this indicator displays numeric labels (+3, +2, +1, 0, -1, -2, -3) and "A" for Absorption, making it easy to identify the current phase of the AMT workflow at a glance. █ KEY FEATURES • CVD with numeric aggression labels (+3 to -3) • "A" label for Absorption detection (high volume + price stagnation) • Automatic Exhaustion detection (aggression fading) • Entry signal markers (L for Long, S for Short) • Real-time workflow dashboard • Compact Mode for mobile users • Customizable thresholds and colors • Built-in alerts for each phase █ THE NUMERIC LABEL SYSTEM BUYER AGGRESSION: • +3 = Extremely aggressive buying (delta > 3.5x average) • +2 = Strong buying pressure (delta > 2.5x average) • +1 = Mild buying pressure (delta > 1.5x average) SELLER AGGRESSION: • -1 = Mild selling pressure (delta > 1.5x average) • -2 = Strong selling pressure (delta > 2.5x average) • -3 = Extremely aggressive selling (delta > 3.5x average) SPECIAL LABELS: • 0 = Neutral / Exhaustion (no significant aggression) • A = Absorption (high volume but price doesn't move) █ AMT WORKFLOW The indicator tracks the complete AMT entry workflow: 1️⃣ AGGRESSION → Look for +2/+3 or -2/-3 labels 2️⃣ ABSORPTION → Wait for "A" label (price held despite aggression) 3️⃣ EXHAUSTION → Watch labels decrease toward 0 4️⃣ ENTRY → Reversal label appears (direction change) SHORT SETUP EXAMPLE (at resistance): +1 → +2 → +3 → A → A → +1 → 0 → -1 → ENTRY SHORT LONG SETUP EXAMPLE (at support): -1 → -2 → -3 → A → A → -1 → 0 → +1 → ENTRY LONG █ DASHBOARD The dashboard shows real-time status: • Stage: Current workflow phase (1-5) • Aggression: Current numeric level • Absorption: ✓ NOW / ○ RECENT / ✗ NONE • Exhaustion: ✓ YES / ○ NO • Signal: WAIT / WATCH / READY / LONG / SHORT █ HOW TO USE 1. Add this indicator to a separate pane below your chart 2. Use TradingView's built-in SVP HD for key levels (POC/VAH/VAL) 3. Add AMT VWAP for bias determination 4. Wait for price to reach a key level 5. Watch the CVD labels for the AMT sequence 6. Enter when the dashboard shows "READY" or entry signal appears █ RECOMMENDED SETUP Complete AMT toolkit: • Main Chart: SVP HD (built-in) + AMT VWAP • Lower Pane: AMT CVD (this indicator) Timeframes: • Higher TF (H1/H4): Identify structure and key levels • Entry TF (15m): Execute using this CVD indicator █ SETTINGS Display: • Compact Mode - Simplified view for mobile • Show Numeric Labels - Toggle the +3/-3 labels • Label Size - Adjust for your preference • Dashboard Position - Move to any corner CVD Settings: • Relative Length - Period for threshold calculation (default: 20) • Threshold 1/2/3 - Multipliers for aggression levels Absorption: • Volume Multiplier - How much above average = high volume (default: 1.5x) • Price Threshold - Max price change % for absorption (default: 0.1%) Colors: • Fully customizable for buyer/seller/absorption █ ALERTS • Absorption Detected - "A" label appears • Exhaustion Detected - Aggression fading to 0 • Long Entry Signal - Full sequence complete for long • Short Entry Signal - Full sequence complete for short █ IMPORTANT NOTES ⚠️ CVD APPROXIMATION: This indicator approximates volume delta from OHLC data. For more accurate CVD, consider using exchange-native order flow tools or Volume Suite by Leviathan as a reference. ⚠️ CONFIRMATION REQUIRED: Signals should be confirmed with: • Price at key level (VAH/VAL/POC) • Visual rejection (wicks) • Higher timeframe bias alignment █ METHODOLOGY Based on Auction Market Theory by Fabio Valentino: "Don't predict, READ the market. Wait for evidence: Aggression → Absorption → Exhaustion → then Execute." Core principles: • Location is more important than technique • Be wrong immediately (tight stops at invalidation) • Evidence-based entries only █ CREDITS Based on Auction Market Theory methodology by Fabio Valentino. Designed for traders who want a systematic, evidence-based approach. If this helps your trading, please leave a like! 👍 Questions? Drop a comment below. ``` --- ## TAGS (for TradingView) ``` cvd, cumulative-volume-delta, volume-delta, order-flow, auction-market-theory, amt, fabio-valentino, absorption, exhaustion, aggression, entry-signal, day-trading, intraday, volume-analysis, delta ``` --- ## CATEGORY ``` Volume ```
Pine Script® indicator
by hardimans351
Today's Session High/Low + Previous LevelsDescription This indicator combines multiple powerful tools into one clean overlay: Today’s Session High & Low for Asia, London and New York, automatically drawn only for the current trading day. Previous High & Low levels based on configurable timeframes (hour, day, week, month or year), including optional filtering and area zones. EMA Trend Table showing EMA20, EMA50 and EMA200 alignment across multiple timeframes with clear bullish/bearish status. Designed to help traders quickly identify key intraday levels, higher-timeframe liquidity zones and overall market trend at a glance.
Pine Script® indicator
by Sparkeltje
Universal Market Ranges█ OVERVIEW Universal Market Ranges is a universal market indicator that, within a single tool, identifies trend direction and regime, shows price movement ranges relative to volatility, can be used as dynamic SL and TP levels, and offers optional signals generated separately for each zone. The indicator is based on a smoothed moving average with an ATR-based significance filter and multi-level volatility bands, which organize the market into logical zones of increasing importance. Instead of generating isolated signals, Universal Market Ranges provides full market context, allowing traders to make their own informed decisions. █ CONCEPT The core idea behind the indicator is full configurability, which allows it to be used for a wide range of trading purposes. Depending on the settings and visibility of individual elements, Universal Market Ranges can function as: - a complete trading system - a clean trend indicator - a single volatility channel - a standalone filtered moving average - a zone-based structure for position management (SL / TP) By disabling selected bands, adjusting their multipliers, or modifying fill transparency, traders can tailor the indicator precisely to their trading style, market, and timeframe. Moving Average Logic The applied moving average is not classically weighted. ATR acts here as a significance filter, determining whether a given price change is meaningful enough to affect the average. When the price deviation from the MA exceeds a defined volatility threshold (ATR × multiplier), the moving average updates normally. When price changes are too small and remain within market noise, the moving average remains unchanged. As a result, the MA reacts only to significant price movements, ignoring minor fluctuations and consolidations. █ ZONE STRUCTURE - Trend Band (TB) A channel used to define the trend regime. - price breaking above the TB → trend shifts to bullish - price breaking below the TB → trend shifts to bearish The Trend Band can be visually disabled, while the trend logic continues to operate in the background. - wider TB → less sensitive, fewer and later trend changes - narrower TB → more sensitive, more frequent regime changes - Inner Band (IB) The primary zone of acceptable price deviation from the moving average. - represents equilibrium and “comfortable” price movement - Outer Band 1 (OB1) A zone of clear market extension. - first sign that price is moving away from equilibrium - often used as a partial profit-taking level - Outer Band 2 (OB2) An extreme zone. - very strong deviation from the moving average - statistically rare price movements - often marks the final phase of large impulses █ FEATURES Data Sources: - Filtered moving average (SMA / EMA / RMA / WMA) - ATR as the volatility measure for all zones - Candle coloring based on the current trend regime Signals (optional): - Zone exit and return signals (IB / OB1 / OB2) - Moving average cross in trend direction - Trend regime change (TB breakout) Visual Elements: - Trend-based candle coloring - Smooth fills between zones - Labels with current price levels on the right side of the chart Alerts: - IB Breakout / Return - OB1 & OB2 Exit / Return - MA Cross in trend direction - Trend Change (TB) █ HOW TO USE Adding the Indicator Paste the code into the Pine Editor or search for “Universal Market Ranges” on TradingView. Key Settings: - MA Length – moving average sensitivity - ATR Length – band stability and width - Minimum Deviation (ATR) – moving average update filter   → lower values: MA updates more frequently but filters less noise - Band Multipliers – define the significance of each zone - MA Smoothing Type – determines the reaction character █ USE CASES Universal Market Ranges can be used for: - trend trading – entries on trend regime changes - defining dynamic SL and TP levels - contrarian strategies – entries on price returns to zones - analyzing price range and movement quality Zone interpretation: - price near the MA → market equilibrium - price in OB1 → clear extension - price in OB2 → extreme deviation from equilibrium █ NOTES - The indicator works on all instruments and timeframes - Best results are achieved by adapting band multipliers to the market - Can be combined with other technical analysis methods such as Fibonacci levels, FVG, and pivot levels - This is not a signal-only system — it is a context-based analytical tool
Pine Script® indicator
by Uncle_the_shooter
Price Action Assistant V2All in One Assistant for Price Action Traders 1-Calculates and Displays the Opening Gap Relative to ADR. 2-Information Table Showing Yesterday’s and Today’s Range Plus Average Bar Range. 3-Displays Micro-Gaps (Fair Value Gaps). 4-Advanced Bar Numbering With an Option to Display at Custom Intervals, Using 9 or 12 Bar Color Multiples to Visualize the Closure of 45-Minute or 60-Minute Candles on an M5 Chart. 5-Plots Previous High, Low, and Close Levels Plus the Current Session Open. 6-Displays a 3-Bar Micro Channel in the Same Direction. 7-Includes Two Different Moving Averages. 8-Displays the Daily Date and Day-of-Week Label for Easy Journaling and Chart Archiving.
Pine Script® indicator
by b3hzad
1
Killzones [Tradeuminati]Killzones is a precise TradingView indicator designed to display the most important institutional trading windows (“Killzones”) based strictly on New York local time. The indicator focuses on accurate session timing, automatic asset classification, and stable chart behavior without affecting price scale or candle colors. 🔹 Included Killzones (NY Local Time) London Killzone 02:00 – 05:00 New York Killzone (AM) Indices & Index CFDs: 09:30 – 11:00 All other assets (Forex, Crypto, Commodities such as Gold, DXY): 07:00 – 10:00 New York PM Killzone 14:00 – 15:00 🔹 Asset Logic (Fully Automatic & Locked) - Indices and Index CFDs are detected automatically - Forex, Crypto, Commodities (e.g. Gold/XAUUSD, DXY) always use the 07:00–10:00 New York Killzone - Stocks (Equities) are completely excluded → no lines, no table, no status display This ensures the indicator is purpose-built for intraday trading in highly liquid markets and intentionally not designed for stock charts. 🔹 Chart Visualization - Vertical session lines are drawn statically at the start of each New York trading day - Lines are not dependent on bar timestamps - No distortion of the price scale - Session lines are shown only on intraday timeframes below 4H - Line color, width, and style are fully adjustable 🔹 Status Table (Top Right) - Clear overview of all Killzones with start and end times - Live status indicator (green/red) based on the real current time (timenow), not the last printed candle - The table remains visible on all timeframes (except stocks) 🔹 Technical Highlights - Pure New York time–based logic, independent of chart timezone - No future-bar plotting - Stable across different brokers and CFD feeds - Does not interfere with other indicators or candle coloring ⚠️ Disclaimer This indicator is intended for technical analysis only and does not constitute trading or investment advice.
Pine Script® indicator
by DonauTrading
Dragon Trend+Arrows Suite This indicator is a volatility-normalized momentum + trend state tool designed to provide a clean “market regime” read: UP / DOWN / NEUTRAL, with optional visual confirmation on the chart. Works on collection of clasic indicators and some simple math. ⚙️ How it works (logic) 1) Adaptive baseline The core reference line is an EMA(basisLen) acting as a dynamic equilibrium price. You can treat this setting as a sensitivity for entire thing. 2) ATR volatility envelope An ATR channel is built around the baseline: Upper Band = EMA + (ATR × multiplier) Lower Band = EMA − (ATR × multiplier) This scales signals to current volatility (tight markets vs. fast markets). 3) “Impulse” detection Bull impulse when price is above both the baseline and the upper ATR band. Bear impulse when price is below both the baseline and the lower ATR band. 4) Momentum confirmation (filters) Signals are confirmed only when momentum agrees: RSI must be on the correct side of 50 MACD Histogram must match direction (positive for bullish / negative for bearish) So a signal requires price expansion (ATR breakout) + momentum agreement (RSI + MACD). 🧭 Trend state behavior When a new BUY/SELL impulse is confirmed, the script updates a persistent trend state (“BUY”, “SELL”, or “NONE”). That state stays active until the opposite confirmed impulse appears. ✅ Visuals & Usage Made some minor, mostly visual upgrades on this release: Baseline + ATR bands are smoothed for cleaner visuals. Optional BUY/SELL arrows are plotted outside the channel to avoid overlap with channel. Optional full-chart background shading reflects the current trend state: Green = UPTREND Red = DOWNTREND A minimal top panel shows the current regime (UP / DOWN / NEUTRAL). I also recently added this channel smoother parameter (for Dragon Channel), if you want it to have less spikes on those MAs just use the bigger number, I picked 8 for default. Actualy its as simple as just follow the arrows direction, given the correct settings with slightly higher basisLen on higher TFs you can get prety accurate long shots. Ofcourse you can still can get random signals or noise on lower TFs, so it can be used as a background trend/momentum confirmation layer alongside your other favorite indicators or strategy tools.
Pine Script® indicator
by FxShareRobots
byquan RSI Divergence (OB/OS + RSI MA Base)byquan RSI Divergence (OB/OS + RSI MA Base) Description byquan RSI Divergence is a technical analysis indicator designed to visualize RSI-based divergence patterns within clearly defined overbought and oversold zones, enhanced with an optional RSI moving average baseline. The script focuses on structural divergence detection rather than signal prediction, providing visual reference points to help users study momentum behavior and price–oscillator relationships. This indicator is intended for educational and analytical purposes only. Conceptual Overview The core idea of this indicator is based on a widely accepted technical principle: When price structure and momentum structure diverge, market behavior may be transitioning rather than continuing impulsively. Instead of reacting to every fluctuation, this script identifies well-defined divergence formations that occur: At RSI pivot points Within controlled lookback ranges Inside overbought or oversold zones Indicator Components 1. RSI Oscillator The indicator uses a standard Relative Strength Index (RSI): User-defined period User-defined source price RSI values are plotted directly in the pane for transparency and clarity. 2. RSI Base Moving Average An optional RSI baseline is calculated using a selectable moving average type: SMA EMA RMA WMA This baseline is intended to provide additional context for momentum direction and smoothing, not as a signal trigger. 3. Overbought / Oversold Zones Customizable horizontal levels define: Overbought conditions Oversold conditions Divergences are evaluated only when RSI is located inside the corresponding zone, helping reduce irrelevant signals. 4. Pivot-Based Divergence Detection The script detects RSI pivot highs and lows using configurable left/right lookback values. Based on these pivots, it evaluates four divergence types: Regular Bullish Divergence Hidden Bullish Divergence Regular Bearish Divergence Hidden Bearish Divergence Each divergence type is plotted independently and can be enabled or disabled by the user. 5. Lookback Range Control To avoid excessive or outdated comparisons, divergence evaluation is constrained within a user-defined bar range. This helps ensure that only structurally relevant divergences are displayed. Visualization Divergence lines are plotted directly on the RSI pane Labels are used to distinguish divergence types Regular and hidden divergences are visually differentiated using color transparency The indicator prioritizes clarity and interpretability over signal density. Alert Logic An alert condition is provided when any divergence type is detected. Alerts are informational and do not imply direction, timing, or outcome. Intended Use This indicator is designed to be used as: A momentum structure study tool A visual divergence reference A supporting component within broader technical analysis It is not intended to: Predict market tops or bottoms Serve as a standalone trading system Provide financial or investment advice Technical Notes The script uses pivot-based confirmation and therefore does not repaint All calculations are deterministic and rule-based Divergences are identified only after pivots are confirmed Results may vary across assets and timeframes Attribution & Transparency This script represents a custom implementation and adaptation of commonly documented RSI divergence techniques, including: Pivot-based divergence logic Overbought / oversold filtering RSI smoothing via moving averages These concepts are widely used in technical analysis. The specific parameterization, visualization, and filtering structure reflect a personal analytical approach, without claiming exclusivity over the underlying methods. Disclaimer This indicator is provided for educational and analytical purposes only. It does not constitute financial advice, trading recommendations, or performance guarantees. Past behavior does not imply future results.
Pine Script® indicator
by teshakiestler
byquan AlphaTrend + Supertrend ComboAlphaTrend + Supertrend Combo (Confirmation-Based Indicator) Description AlphaTrend + Supertrend Combo is a confirmation-based technical indicator that combines momentum-sensitive trend tracking with ATR-based trend structure. The script is designed to highlight situations where two independent trend-following methods agree within a short time window, helping users visually identify moments of potential trend alignment. This indicator is intended for technical analysis and educational use only. Conceptual Idea The core concept of this indicator is confirmation, not prediction. Instead of relying on a single signal source, the script observes: A volatility-adjusted trend line (AlphaTrend) A price-structure-based trend switch (Supertrend) A signal is displayed only when both methods confirm each other within a limited number of bars. Indicator Components 1. AlphaTrend Module AlphaTrend is calculated using: ATR-based dynamic levels Momentum evaluation via: Money Flow Index (MFI), or RSI when volume data is unavailable This module adapts its direction based on market momentum and volatility, producing trend transition events rather than continuous signals. 2. Supertrend Module The Supertrend component uses: ATR-based bands Price crossing logic to define trend direction changes Supertrend acts as a structural trend confirmation layer, reacting to changes in price behavior relative to volatility. 3. Confirmation Window Logic Rather than requiring both indicators to trigger on the exact same bar, the script introduces a bar-based confirmation window: When one indicator produces a signal The script waits up to a user-defined number of bars If the second indicator confirms within this window, the signal is considered valid This approach allows for natural timing differences between indicators while avoiding long-delayed confirmations. Signal Logic Summary BUY confirmation AlphaTrend signals bullish direction Supertrend confirms bullish direction within the waiting window SELL confirmation AlphaTrend signals bearish direction Supertrend confirms bearish direction within the waiting window Signals are displayed only when both conditions are satisfied. Inputs Overview Confirmation Bars Defines how many bars the script waits for the second indicator to confirm AlphaTrend Settings Period, multiplier, source, and volume handling options Supertrend Settings ATR period, multiplier, and calculation method All parameters are user-adjustable to support different instruments and timeframes. Intended Use This indicator is designed to be used as: A confirmation or alignment tool A visual aid for studying trend behavior A supporting layer within a broader analysis framework It is not intended to: Predict market direction Serve as a complete trading system Replace risk management or personal judgment Technical Notes The script is rule-based and deterministic No repainting logic is used Signals depend strictly on historical and current bar data Results may vary across symbols, sessions, and timeframes Attribution & Transparency This script represents a custom integration and modification of widely known technical analysis concepts, including: AlphaTrend-style volatility-adjusted trend tracking Supertrend ATR-based trend logic These methods are commonly documented in technical analysis literature. The implementation, parameter structure, and confirmation logic reflect a personal adaptation and combination, not a claim of originality over the underlying concepts. Disclaimer This indicator is provided for educational and analytical purposes only. It does not constitute financial advice, investment recommendations, or an invitation to trade. Past behavior does not guarantee future outcomes.
Pine Script® indicator
by teshakiestler
byquan GP maxmin+SPtrendGP MaxMin SRSI + SSPtrend Description GP MaxMin SRSI + SSPtrend is a composite technical indicator designed to combine momentum context analysis with trend confirmation. The script integrates: A multi-source, multi-timeframe Stochastic RSI context layer A standard Supertrend-based trend switch A time-based signal validation window to reduce isolated or out-of-context signals This indicator is intended for market observation and educational analysis, not as a standalone trading system. Conceptual Overview The core idea behind this indicator is simple: Strong trend reversals or continuations are more meaningful when they occur after the market reaches extreme momentum conditions across multiple timeframes. Instead of triggering signals immediately at overbought or oversold levels, this script: Detects momentum extremes first Waits for a structural trend confirmation Allows signals only within a limited context window Indicator Structure 1. Multi-Source Stochastic RSI Context The script computes Stochastic RSI values based on four price sources: Open High Low Close From these values, the script extracts: The minimum momentum reading (deepest oversold condition) The maximum momentum reading (strongest overbought condition) This approach aims to reflect momentum dispersion, rather than relying on a single price input. 2. Multi-Timeframe Aggregation Momentum values are evaluated across multiple higher timeframes (configurable by the user). The aggregated values are normalized into a unified 0–100 scale, producing: A composite oversold context A composite overbought context These conditions define market context only, not entry signals. 3. Trend Confirmation Using Supertrend A conventional Supertrend calculation is used to detect trend state changes: Trend transitions define potential directional shifts Supertrend acts as the only trigger mechanism No signal is generated solely from momentum values. 4. Context Validation Window Once an overbought or oversold context is detected: A configurable bar-based window is opened Supertrend signals occurring within this window are considered valid Signals outside the window are ignored This design helps avoid delayed or unrelated confirmations. Signal Logic Summary BUY context Oversold momentum detected → Supertrend turns bullish within the allowed window SELL context Overbought momentum detected → Supertrend turns bearish within the allowed window Only signals satisfying both context and confirmation are displayed. Intended Use This indicator is designed to be used as: A confirmation or filtering tool A context layer alongside other analysis methods A visual aid for studying market structure and momentum behavior It is not intended to: Predict future price movements Replace risk management Provide trading advice or signals with guaranteed outcomes Important Notes This script does not repaint All calculations are rule-based and deterministic Results may vary across symbols and timeframes Users are encouraged to evaluate the logic independently Past behavior does not imply future performance. Attribution & Transparency This script is a custom integration and modification of commonly used technical concepts such as: Stochastic RSI Supertrend Multi-timeframe analysis While the underlying ideas are widely known, the combination, parameterization, and signal-filtering logic reflect a personal implementation approach. Disclaimer This script is provided for educational and analytical purposes only. It does not constitute financial advice, investment recommendations, or solicitation to trade.
Pine Script® indicator
by teshakiestler