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FVG PilotWhat it does Automatically detects and draws Fair Value Gaps (FVGs) on the chart. Removes an FVG as soon as it’s invalidated (bullish FVG invalid if price closes below its lower bound; bearish FVG invalid if price closes above its upper bound). Triggers alerts only during Silver Bullet (SB) sessions in Europe/Berlin time when a new FVG is created. Optionally draws two thin vertical lines at the start and end of each SB session so you can see the windows at a glance. Runs on confirmed bars to avoid repainting. How FVGs are detected Wick mode (default): Bullish FVG when low > high → gap [high , low] Bearish FVG when high < low → gap [high, low ] Body mode (optional): uses candle bodies instead of wicks: Bullish FVG when current body low > prior body high Bearish FVG when current body high < prior body low Silver Bullet sessions (Europe/Berlin) Three configurable session windows (default examples): SB1: 10:00–11:00 SB2: 02:00–03:00 SB3: 07:00–08:00 Alerts for new FVGs fire only inside these windows. Session lines: a thin vertical line is drawn on the first bar inside a session (start) and on the first bar after a session (end). Inputs Show Bullish / Bearish FVGs Use Bodies (instead of wicks) Minimum FVG size (in ticks) Box opacity SB sessions: enable/disable each window and set times (Europe/Berlin) Session line toggle + color/width Alerts included SB (Berlin): Bullish FVG created – fires only during SB sessions SB (Berlin): Bearish FVG created – fires only during SB sessions Bullish FVG invalidated – fires when a bullish FVG is invalidated (no time filter) Bearish FVG invalidated – fires when a bearish FVG is invalidated (no time filter) How to set alerts (TradingView) Click Create Alert. Condition: choose this indicator, then pick one of the alert conditions above. Select your alert options (once per bar close is recommended), then Create. Tips If you don’t see boxes, reduce Minimum FVG size or lower opacity (e.g., 70–85). Body mode is stricter; start with wicks if you want more signals. SB windows use Europe/Berlin and automatically account for DST. The script respects platform limits for drawings; if your chart is cluttered, zoom in or reduce active sessions.
Pine Script® indicator
by nocobra
Point of Control + Momentum CandlesPOINT OF CONTROL + MOMENTUM CANDLES A multi-feature indicator combining volume-based POC detection, 6-level momentum candle coloring, higher timeframe buy/sell signals, and order block identification. FEATURES Point of Control (POC) Calculates the price level with highest traded volume over a customizable lookback period. Includes break and rejection detection with visual signals. Momentum Candle Coloring Colors candles based on EMA positioning and RSI values across 6 momentum levels: - Bull 3/2/1: Strong to weak bullish momentum (Blue/Cyan/Green) - Bear 1/2/3: Weak to strong bearish momentum (Yellow/Orange/Red) - Neutral: No clear momentum (White) Buy/Sell Signals Generates signals from a user-selectable timeframe using EMA crossovers and RSI conditions. Signals appear on your current chart for multi-timeframe analysis. Order Blocks Detects potential institutional entry zones: - Bullish OB: Last bearish candle before bullish impulse - Bearish OB: Last bullish candle before bearish impulse Blocks extend forward and optionally delete when mitigated. Dashboard Displays POC price, distance, RSI, momentum level, signal timeframe, and active order block count. ALERTS 10 conditions available: POC breaks, rejections, buy/sell signals, and order block formations. HOW TO USE - Trade POC breaks for trend continuation - Trade POC rejections for reversals - Use candle colors to gauge momentum strength - Confirm entries with higher timeframe signals - Watch for price returning to order blocks SETTINGS All parameters are fully customizable including lookback periods, thresholds, timeframes, colors, and visual styles. DISCLAIMER For educational purposes only. Not financial advice. Trading involves risk. Always conduct your own analysis before making trading decisions.
Pine Script® indicator
by rogers1906
Williams %R + Bollinger %B📊 Williams %R + Bollinger %B Indicator This indicator blends two complementary oscillators to provide a clearer view of market momentum, volatility, and extreme zones: 🔹 Williams %R (W%R): Measures the price’s position within its recent range, helping identify overbought/oversold conditions and potential reversal points. It reacts quickly to market shifts, making it useful for spotting short-term exhaustion. 🔹 Bollinger %B (BB%): Shows where the price sits relative to the Bollinger Bands, highlighting volatility expansions, contractions, and pressure around the bands. It helps confirm breakouts, squeezes, and volatility-driven moves. 🎯 What This Combined Indicator Offers Dual insight: Momentum (W%R) + volatility (BB%). Higher precision: Identifies areas where both range extremes and volatility extremes align. Better timing: Provides clearer entry/exit confirmation based on price behavior relative to range and volatility. 🧠 Suggested Use Look for confluences, such as W%R showing oversold while BB% signals a lower-band rejection or squeeze. Spot true breakouts when BB% expands while W%R exits extreme zones. Filter out noise by analyzing the relationship between both oscillators.
Pine Script® indicator
by Mr_Wisp
Point of Control + Momentum CandlesPOINT OF CONTROL + MOMENTUM CANDLES A comprehensive technical analysis indicator combining volume-based Point of Control detection, momentum-graded candle coloring, higher timeframe buy/sell signals, and order block identification. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ WHAT THIS INDICATOR DOES This indicator identifies key price levels where the most trading activity has occurred (Point of Control), colors candles based on momentum strength, generates buy/sell signals from a user-selected timeframe, and detects order blocks that may act as future support/resistance zones. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ FEATURES 1. POINT OF CONTROL (POC) The POC represents the price level with the highest traded volume over a lookback period. This indicator calculates a volume profile by distributing volume across price levels and identifying where the most activity occurred. - Orange horizontal line shows the current POC level - Yellow box highlights the candles used in the POC calculation - Break detection identifies when price closes decisively beyond the POC - Rejection detection identifies when price tests but fails to break the POC 2. MOMENTUM CANDLE COLORING Candles are colored based on a 6-level momentum system using EMA positioning and RSI values: Bullish Levels (price above both EMAs): - Bull Level 3 (Royal Blue): Strong momentum, RSI above 70 - Bull Level 2 (Cyan): Medium momentum, RSI above 60 - Bull Level 1 (Green): Weak momentum, above EMAs Bearish Levels (price below both EMAs): - Bear Level 1 (Yellow): Weak momentum, below EMAs - Bear Level 2 (Orange): Medium momentum, RSI below 40 - Bear Level 3 (Red): Strong momentum, RSI below 30 Neutral (White): No clear directional momentum 3. BUY/SELL SIGNALS Signals are generated from a user-selectable timeframe (default: 10 minutes) and appear on your current chart. This allows you to see higher timeframe signals while trading on lower timeframes. Buy Signal Conditions: - EMA crossover (fast crosses above slow) OR RSI exits oversold - Bullish candle on the signal timeframe - Close above both EMAs Sell Signal Conditions: - EMA crossunder (fast crosses below slow) OR RSI exits overbought - Bearish candle on the signal timeframe - Close below both EMAs 4. ORDER BLOCKS Order blocks identify potential institutional entry zones that may act as future support or resistance. - Bullish Order Block (Green zone): The last bearish candle before a bullish impulse move - Bearish Order Block (Red zone): The last bullish candle before a bearish impulse move - Blocks automatically extend forward and can be set to delete when mitigated (price closes through the zone) 5. DASHBOARD A customizable info panel displays: - Current POC price - Distance from POC (percentage) - Position relative to POC (Above/Below/At) - Lookback period - Current RSI value - Current momentum level - Signal timeframe - Active order block count ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ HOW TO USE POC Trading: - Watch for breaks above POC for potential long entries - Watch for breaks below POC for potential short entries - Rejections at POC can indicate reversal opportunities Momentum Reading: - Use candle colors to gauge trend strength at a glance - Level 3 colors indicate strong momentum (potential continuation) - Level 1 colors indicate weakening momentum (potential reversal) - Neutral/white candles suggest consolidation or indecision Signal Confirmation: - Use buy/sell signals from a higher timeframe to confirm entries on your trading timeframe - Combine signals with POC breaks/rejections for higher probability setups Order Block Strategy: - Look for price to return to bullish order blocks for potential long entries - Look for price to return to bearish order blocks for potential short entries - Mitigated blocks (price closes through) lose their significance ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ SETTINGS OVERVIEW POC Settings: - Lookback Period: Number of bars for POC calculation (default: 20) - Volume Resolution: Price level granularity (default: 50) - Recalculation Frequency: How often POC updates (default: every 3 bars) Break/Rejection Detection: - Break Threshold: Minimum percentage move to confirm a break (default: 0.3%) - Rejection Wick Ratio: Minimum wick-to-body ratio for rejections (default: 0.5) Momentum Settings: - Fast/Slow EMA lengths for trend determination - RSI length and threshold levels for momentum grading Buy/Sell Signals: - Signal Timeframe: The timeframe used for signal calculation - Separate EMA and RSI parameters for signal generation Order Blocks: - Order Block Timeframe: Timeframe for OB detection - Max Blocks Per Side: Limits displayed order blocks - Delete Mitigated: Automatically removes invalidated blocks All visual elements (colors, sizes, line styles) are fully customizable. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ALERTS 10 alert conditions are available: - Bullish/Bearish POC Break - Bullish/Bearish POC Rejection - Any POC Break - Any POC Rejection - Buy Signal - Sell Signal - Bullish Order Block Formed - Bearish Order Block Formed ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ NOTES - The indicator uses request.security() to fetch data from the signal and order block timeframes. This is designed to work when viewing charts at timeframes equal to or lower than your selected signal/OB timeframes. - POC calculations are based on the visible volume data. Assets with limited volume data may produce less reliable POC levels. - Order blocks are detected using a simplified algorithm based on candle patterns and displacement. They represent potential zones of interest, not guaranteed support/resistance levels. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ DISCLAIMER This indicator is provided for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any security. Trading involves substantial risk of loss. Past performance is not indicative of future results. Always conduct your own analysis and consider your risk tolerance before making trading decisions. Use this tool as part of a comprehensive trading strategy, not as a standalone signal generator.
Pine Script® indicator
by rogers1906
microwave weeeingThis algorithmic indicator finds trading opportunities. Its principle is simple: it identifies inflection points where trading volume explodes, groups together multiple inflection points near those points, and then retains only those that actually function as support and resistance. It's recommended to monitor the indicator over at least a 15-minute chart. 매물대를 찾아주는 알고리즘 지표. 원리는 간단하게 거래량이 폭발했던 변곡 구간을 찾고, 그 근처에 여러 번 쌓인 변곡구간만 묶어서 박스로 만들고, 그 박스가 실제로 지지·저항 역할을 한 것만 남기는 지표. 최소 15분봉 이상에서 보는걸 추천합니다.
Pine Script® indicator
by microwave871
PD Array Matrix [NINE Θ]PD Array Matrix A comprehensive ICT-based indicator that combines multiple Premium/Discount Array concepts into a single, unified tool for Smart Money analysis. Overview PD Array Matrix provides traders with institutional-grade market structure analysis by integrating key ICT (Inner Circle Trader) concepts. This indicator automatically identifies and displays critical price levels, imbalances, and divergences that smart money uses to execute trades. Key Features Change in State of Delivery (CISD) Automatically detects shifts in market delivery, signaling potential reversals or continuation setups. Bullish and Bearish detection with directional filtering Confirmation arrows for visual clarity Wick-based invalidation for precise risk management Customizable line styles, colors, and label formats Order Blocks Identifies institutional order flow zones where significant buying or selling occurred. Box or Line display styles Filter by direction: Both, Bullish, Bearish, or CISD Direction CISD Direction mode only shows Order Blocks that align with the current market bias Automatic invalidation when price mitigates the zone Market Structure Levels Tracks key liquidity levels that institutional traders target. Minor Levels: Intermediate swing highs/lows (Buyside/Sellside) Major Levels: Significant swing points with higher timeframe relevance Automatic fill detection with optional historical display Customizable display modes: Label Only, Price Only, Both, or Minimalistic Fair Value Gaps (FVGs) Detects price imbalances created by aggressive market moves. Three display styles: Normal, Minimalist, and Classic Optional Volume Imbalance detection (body-to-body gaps) 50% Consequent Encroachment line Proximity-based display showing FVGs closest to current price Inversion Fair Value Gaps (IFVGs) Identifies when price inverts through an existing FVG, flipping its directional bias. Automatic conversion from FVG to IFVG on body close Configurable lookback period to filter old inversions Independent display controls from regular FVGs Invalidation tracking when price closes through the zone Higher Timeframe FVGs Displays Fair Value Gaps from higher timeframes on your current chart. Auto Timeframe selection based on your chart Manual timeframe override option Seamless integration with lower timeframe analysis SMT Divergences Detects Smart Money Tool divergences between correlated instruments. Auto SMT Mode: Automatically selects correlated pairs for: Index Futures (NQ, ES, YM, RTY) Metals (GC, SI, PL) Energy (CL, RB, NG) Forex Majors Crypto (BTC, ETH) Manual symbol selection for custom pairs Dual symbol comparison for confluence Automatic invalidation tracking Session Filters Limit all setups to specific trading sessions. Two configurable session windows Multiple timezone support Applies to: FVGs, IFVGs, CISDs, Order Blocks, and SMTs Active on timeframes ≤ 1 hour Customization Every component offers extensive customization: Individual toggle controls for each feature Color settings for bullish/bearish elements Multiple line styles (Solid, Dashed, Dotted) Label size and position options Transparency controls Historical display limits This indicator is for educational and informational purposes only. It does not constitute financial advice. Past performance is not indicative of future results. Always conduct your own analysis and manage risk appropriately.
Pine Script® indicator
by unlimitedmoneyprinter
14
Kriptano Short IndicatorИндикатор "KRIPTANO SHORT INDICATOR" 🚀 объединяет мощные инструменты для трейдинга: детектирование резких движений (пампов) 🔥 и построение уровней сопротивления с возможностью ручного выбора диапазона 📏. Он анализирует рост цены выдавая сигнал SHORT⚠️. Уровни сопротивления строятся по таймфреймам от 5 минут до недели, с возможностью настройки цвета и отображения пробитых уровней 🎨. Встроен объёмный профиль с ручным выбором диапазона, который позволяет визуализировать распределение объёма по ценам💹. Индикатор удобен для поиска точек входа и анализа рыночных структур на различных таймфреймах 📊 The "KRIPTANO SHORT INDICATOR" 🚀 combines powerful tools for trading: detecting sharp moves (pumps) 🔥 and building resistance levels with the ability to manually select the range 📏. It analyzes price growth and generates a SHORT signal ⚠️. Resistance levels are built on timeframes from 5 minutes up to 1 week, with flexible color settings and the option to display broken levels 🎨. A built‑in volume profile with manual range selection allows you to visualize volume distribution by price 💹. The indicator is convenient for finding entry points and analyzing market structure across different timeframes 📊.
Pine Script® indicator
by wdfeiek
Trivon LiteTrivon Lite is the simplified version of the Trivon trading system — designed to give traders clean Buy/Sell signals filtered by trend direction. It is lightweight, beginner-friendly, and perfect for those who want a simple visual system to assist with entries. ✨ Features Buy/Sell signals based on optimized volatility + trend conditions Two built-in trend filters (Lite mode uses restricted settings) Clean TP/SL visualization Uses a simple risk-reward model Works on all markets & timeframes 🔓 What's Included in Lite Basic core entry system Trend filters (limited customization) Basic TP/SL settings 🔒 What's in Trivon Pro (Paid Version) Fully adjustable trend filter periods Optional higher-timeframe confirmation Trend Table (multi-timeframe strength overview) Backtesting Dashboard for performance insights Additional filtering options for cleaner signals ATR-based TP/SL customization More advanced signal refining tools If you enjoy Trivon Lite, the premium version Trivon Pro is coming out soon...
Pine Script® indicator
by TrivonAI
KRIPTANO SHORT INDICATORИндикатор "KRIPTANO SHORT INDICATOR" 🚀 объединяет мощные инструменты для трейдинга: детектирование резких движений (пампов) 🔥 и построение уровней сопротивления с возможностью ручного выбора диапазона 📏. Он анализирует рост цены выдавая сигнал SHORT⚠️. Уровни сопротивления строятся по таймфреймам от 5 минут до недели, с возможностью настройки цвета и отображения пробитых уровней 🎨. Встроен объёмный профиль с ручным выбором диапазона, который позволяет визуализировать распределение объёма по ценам 💹. Индикатор удобен для поиска точек входа и анализа рыночных структур на различных таймфреймах 📊 The "KRIPTANO SHORT INDICATOR" 🚀 combines powerful tools for trading: detecting sharp moves (pumps) 🔥 and building resistance levels with the ability to manually select the range 📏. It analyzes price growth and generates a SHORT signal ⚠️. Resistance levels are built on timeframes from 5 minutes up to 1 week, with flexible color settings and the option to display broken levels 🎨. A built‑in volume profile with manual range selection allows you to visualize volume distribution by price 💹. The indicator is convenient for finding entry points and analyzing market structure across different timeframes 📊.
Pine Script® indicator
by wdfeiek
River 4.0River 4.0 is a visual system designed to help traders read market direction, trend-shift momentum, and high-quality entry zones through a combination of the River Cloud, three key structural lines, and a dedicated scalp zone system. Key Features 1. River Cloud (Dynamic Daily Flow) A dynamic zone formed between two daily-derived levels that represents market balance and directional flow. The cloud color changes based on market conditions (Bullish, Bearish, or Neutral), including smooth gradient transitions whenever a trend shift occurs. 2. High Line, Mid Line, Low Line Three structural reference levels that help users identify buy zones, sell zones, and neutral zones without needing any technical calculations. – Price above the High Line = Buy Zone – Price below the Low Line = Sell Zone – Price between the lines = Neutral Zone 3. Trend State Display A compact panel on the bottom-right showing the current trend state, the values of all three structural lines, and the volume condition (Rising / Falling). 4. Buy & Sell Triggers Visual markers that appear when price breaks specific structural levels, providing confirmation for entries aligned with the prevailing trend. 5. Scalp Zone Box A special zone that forms whenever a trend shifts, giving traders a premium early-entry window during the initial momentum of a new trend. Ideal for aggressive entries or re-entry confirmation after a retest. 6. Clean Visuals & Lightweight Logic The system avoids heavy calculations or complex indicators. All components are designed for a clean, fast, and easy-to-interpret chart experience. Purpose of River 4.0 To give traders a clear visual understanding of market flow, transition phases, and real-price-action-based entry opportunities — suitable for scalpers, intraday traders, swing traders, and beginners alike.
Pine Script® indicator
by Advanco
Fortunato Lead-Lag Multi-Asset (POC) v5_fix2//@version=6 indicator("Fortunato Lead-Lag Multi-Asset (POC) v5_fix2", shorttitle="FLL Multi POC v5_fix2", overlay=false, max_lines_count=200, max_labels_count=200) // ========== USER CONFIG ========== res = input.timeframe("1", "Resolution for analysis (ex: 1, 5, 3)") corr_length = input.int(60, "Rolling window (bars) for correlation", minval=10, maxval=500) max_lag = input.int(5, "Max lag to test (bars)", minval=1, maxval=20) corr_threshold = input.float(0.60, "Correlation threshold (abs)", step=0.01) min_lag_for_signal = input.int(1, "Min lag to consider (bars)", minval=0) plot_lag_as_columns = input.bool(true, "Plot lag as columns") // --- symbols (change to the exact tickers your feed uses) --- sym_ndx = input.symbol("NASDAQ:NDX", "NDX (leader candidate) - change if needed") sym_spx = input.symbol("SPX:SPX", "SPX (follower candidate) - change if needed") // Optional add-ons sym_vix = input.symbol("CBOE:VIX", "VIX (volatility index) - optional") sym_dxy = input.symbol("ICEUS:DXY", "DXY (Dollar Index) - optional") sym_xau = input.symbol("OANDA:XAUUSD","Gold (XAU/USD) - optional") sym_oil = input.symbol("NYMEX:CL1!", "Crude Oil (continuous) - optional") sym_btc = input.symbol("BINANCE:BTCUSDT","Bitcoin (BTC) - optional") // ========== DATA FETCH (selected resolution) ========== ndx = request.security(sym_ndx, res, close) spx = request.security(sym_spx, res, close) vix = request.security(sym_vix, res, close) dxy = request.security(sym_dxy, res, close) xau = request.security(sym_xau, res, close) oil = request.security(sym_oil, res, close) btc = request.security(sym_btc, res, close) // ========== HELPERS ========== has_history(len) => bar_index >= len // rolling Pearson correlation implemented with ta.cum differences (replaces ta.sum) rolling_corr(a, b, n) => if not has_history(n) na else // compute rolling sums via cumulative sums // sum_ab = sum_{k=0..n-1} a *b float cum_ab = ta.cum(a * b) float cum_ab_lag = cum_ab float sum_ab = cum_ab - cum_ab_lag float cum_a = ta.cum(a) float cum_a_lag = cum_a float sum_a = cum_a - cum_a_lag float cum_b = ta.cum(b) float cum_b_lag = cum_b float sum_b = cum_b - cum_b_lag float cum_a2 = ta.cum(a * a) float cum_a2_lag = cum_a2 float sum_a2 = cum_a2 - cum_a2_lag float cum_b2 = ta.cum(b * b) float cum_b2_lag = cum_b2 float sum_b2 = cum_b2 - cum_b2_lag float nn = n * 1.0 float num = sum_ab - (sum_a * sum_b) / nn float den_part_a = sum_a2 - (sum_a * sum_a) / nn float den_part_b = sum_b2 - (sum_b * sum_b) / nn float den = den_part_a * den_part_b if den <= 0.0 na else num / math.sqrt(den) // ========== COMPUTE CORRELATIONS FOR ALL LAGS (USING rolling_corr) ========== var float corr_dir1 = array.new_float() var float corr_dir2 = array.new_float() // ensure arrays sized correctly each bar if array.size(corr_dir1) != (max_lag + 1) array.clear(corr_dir1) for i = 0 to max_lag array.push(corr_dir1, na) if array.size(corr_dir2) != (max_lag + 1) array.clear(corr_dir2) for i = 0 to max_lag array.push(corr_dir2, na) // fill arrays with correlation values (call rolling_corr every bar for consistency) for i = 0 to max_lag float val1 = na if has_history(corr_length + i) and not na(ndx) and not na(spx) // ndx aligned with spx shifted by +i (ndx leads spx by i) val1 := rolling_corr(ndx, spx , corr_length) array.set(corr_dir1, i, val1) float val2 = na if i > 0 and has_history(corr_length + i) and not na(ndx) and not na(spx) // spx leads ndx by i val2 := rolling_corr(ndx , spx, corr_length) array.set(corr_dir2, i, val2) // ========== FIND BEST ABSOLUTE CORRELATION AND DIRECTION ========== float best_corr = na int best_lag = 0 int best_dir = 0 // 1 = ndx -> spx, -1 = spx -> ndx // scan dir1 (i = 0..max_lag) for i = 0 to max_lag float c = array.get(corr_dir1, i) if not na(c) if na(best_corr) or math.abs(c) > math.abs(best_corr) best_corr := c best_lag := i best_dir := 1 // scan dir2 (i = 1..max_lag) for i = 1 to max_lag float c = array.get(corr_dir2, i) if not na(c) if na(best_corr) or math.abs(c) > math.abs(best_corr) best_corr := c best_lag := i best_dir := -1 // ========== MULTI-ASSET LIGHT CONFIRMATION (explicit calls with rolling_corr) ========== float sum_corr = 0.0 int count_corr = 0 // VIX float local_best_vix = na if not na(vix) for j = 0 to max_lag if has_history(corr_length + j) float cc = rolling_corr(ndx, vix , corr_length) if not na(cc) if na(local_best_vix) or math.abs(cc) > math.abs(local_best_vix) local_best_vix := cc if not na(local_best_vix) sum_corr := sum_corr + local_best_vix count_corr := count_corr + 1 // DXY float local_best_dxy = na if not na(dxy) for j = 0 to max_lag if has_history(corr_length + j) float cc = rolling_corr(ndx, dxy , corr_length) if not na(cc) if na(local_best_dxy) or math.abs(cc) > math.abs(local_best_dxy) local_best_dxy := cc if not na(local_best_dxy) sum_corr := sum_corr + local_best_dxy count_corr := count_corr + 1 // XAU float local_best_xau = na if not na(xau) for j = 0 to max_lag if has_history(corr_length + j) float cc = rolling_corr(ndx, xau , corr_length) if not na(cc) if na(local_best_xau) or math.abs(cc) > math.abs(local_best_xau) local_best_xau := cc if not na(local_best_xau) sum_corr := sum_corr + local_best_xau count_corr := count_corr + 1 // OIL float local_best_oil = na if not na(oil) for j = 0 to max_lag if has_history(corr_length + j) float cc = rolling_corr(ndx, oil , corr_length) if not na(cc) if na(local_best_oil) or math.abs(cc) > math.abs(local_best_oil) local_best_oil := cc if not na(local_best_oil) sum_corr := sum_corr + local_best_oil count_corr := count_corr + 1 // BTC float local_best_btc = na if not na(btc) for j = 0 to max_lag if has_history(corr_length + j) float cc = rolling_corr(ndx, btc , corr_length) if not na(cc) if na(local_best_btc) or math.abs(cc) > math.abs(local_best_btc) local_best_btc := cc if not na(local_best_btc) sum_corr := sum_corr + local_best_btc count_corr := count_corr + 1 float confirm_avg = na if count_corr > 0 confirm_avg := sum_corr / count_corr // ========== SIGNAL LOGIC ========== bool lead_detected = false string lead_direction_text = "NoLeader" if not na(best_corr) and math.abs(best_corr) >= corr_threshold and best_lag >= min_lag_for_signal lead_detected := true lead_direction_text := best_dir == 1 ? "NDX -> SPX" : (best_dir == -1 ? "SPX -> NDX" : "NoLeader") // ========== PLOTS (GLOBAL) ========== plot_best_corr = best_corr plot_best_lag = (lead_detected ? best_lag : na) plot_confirm_avg = confirm_avg plot(plot_best_corr, title="Best Corr (signed)", linewidth=2) hline(0, "zero", linestyle=hline.style_dashed) hline(corr_threshold, "threshold +", linestyle=hline.style_solid) hline(-corr_threshold, "threshold -", linestyle=hline.style_solid) plot(plot_lag_as_columns ? plot_best_lag : na, title="Best Lag (bars)", style=plot.style_columns, linewidth=2) plot(not na(plot_confirm_avg) ? plot_confirm_avg : na, title="Multi-asset confirm (avg)", linewidth=1, style=plot.style_line) // ========== LABEL MANAGEMENT ========== var label lbl = na if lead_detected and barstate.isconfirmed if not na(lbl) label.delete(lbl) lbl := label.new(bar_index, plot_best_corr, text="Lead: " + lead_direction_text + " lag:" + str.tostring(best_lag) + " corr:" + str.tostring(best_corr, "#.##"), style=label.style_label_left, color=color.new(color.green, 75), textcolor=color.white, size=size.small) // ========== ALERTS ========== alertcondition(lead_detected and best_dir == 1, title="NDX leads SPX detected", message="NDX leads SPX — lag: {{plot_1}} corr: {{plot_0}}") alertcondition(lead_detected and best_dir == -1, title="SPX leads NDX detected", message="SPX leads NDX — lag: {{plot_1}} corr: {{plot_0}}") // ========== INFORMATION TABLE ========== var table t = table.new(position.top_right, 1, 5, border_width=1) if barstate.islast table.cell(t, 0, 0, "Resolution: " + res) table.cell(t, 0, 1, "Best corr: " + (na(best_corr) ? "na" : str.tostring(best_corr, "#.##"))) table.cell(t, 0, 2, "Best lag: " + (na(best_lag) ? "na" : str.tostring(best_lag))) table.cell(t, 0, 3, "Direction: " + lead_direction_text) table.cell(t, 0, 4, "Confirm avg: " + (na(confirm_avg) ? "na" : str.tostring(confirm_avg, "#.##")))
Pine Script® indicator
by TiagoFort
FVG with Fibonacci Levels [MHA Finverse]FVG with Fibonacci Levels - Professional Fair Value Gap Indicator This advanced Fair Value Gap (FVG) indicator automatically identifies and tracks market imbalances with integrated Fibonacci retracement levels, providing traders with precise entry and exit opportunities. Key Features: Smart Gap Detection • Automatically identifies bullish and bearish fair value gaps in real-time • Customizable minimum gap percentage filter to avoid noise • Visual color-coded boxes for easy identification Fibonacci Integration • Built-in 0.5 and 0.618 Fibonacci retracement levels • Fully customizable fib levels, colors, and line styles • Helps identify optimal entry zones within each gap Intelligent Gap Management • Tracks multiple gaps simultaneously (up to 20) • Automatic gap mitigation detection (Close or Wicks) • Option to remove or highlight filled gaps • Auto-hide boxes after specified bar count Advanced Alert System • Alerts when gaps are filled • Fibonacci level touch alerts for both 0.5 and 0.618 levels • Separate alerts for bullish and bearish setups • Customizable alert preferences Clean Visual Display • Transparent boxes that don't clutter your chart • Extending lines that update in real-time • Customizable colors for both bullish and bearish gaps • Option to change border style when gaps are filled Perfect For: Smart Money Concepts (SMC) traders, Price Action traders, and anyone looking to trade market structure and liquidity gaps with precision. How to Use: The indicator draws boxes around identified fair value gaps and extends them forward until they are filled. Fibonacci levels within each gap provide optimal entry zones. Set up alerts to get notified when price interacts with these key levels. Credits Special thanks to Quant Vue for their code examples and inspiration that contributed to the development of this indicator. Disclaimer: This indicator is for educational and informational purposes only. It does not constitute financial advice. Trading involves substantial risk of loss. Always conduct your own research and consider your risk tolerance before making any trading decisions. Past performance does not guarantee future results.
Pine Script® indicator
by humayunmha
AUTOSTDVThis indicator plots Standard Deviation projections to help traders with top ticking and bottom ticking market reversals. It automatically identifies market structure to draw both Manipulation and Distribution legs. The script uses a custom algorithm to detect Major Highs and Major Lows based on pivot relationships. Once a major reversal is confirmed (via a break of a prior small pivot structure), the indicator calculates the standard deviation of the "Manipulation Leg" (the move leading into the pivot) and the "Distribution Leg" (the initial move away from the pivot) to project exhaustion targets. **Features:** * **Dual Leg Analysis:** Visualizes both the setup phase (Manipulation) and the expansion phase (Distribution). * **Dynamic Settings:** automatically adjusts calculation lengths based on the timeframe to filter noise. * **Timeframe Specific:** This indicator is optimized and restricted to work on the following timeframes: **5m, 15m, 30m, 1h, 2h, and 4h**. * **Clean Visuals:** Hides raw pivot data to focus purely on the projection levels. **Disclaimer:** I am not liable for any losses or financial damages resulting from the use of this indicator. Trading involves significant risk, and this tool is for educational purposes only. Past performance is not indicative of future results.
Pine Script® indicator
by kpatel4914
Divergence+This powerful, highly customizable divergence detector helps traders spot high-probability reversal and continuation signals with exceptional clarity and precision. Built on robust zigzag pivot analysis, the indicator identifies classic and hidden divergences between price action and your chosen oscillator (RSI, CCI, Stochastic, MFI, and more — or any external oscillator). It draws clean connecting lines and marks pivots with simple "D" (regular divergence) or "H" (hidden divergence) text labels, making potential trend changes or continuations instantly visible. Key Features That Make It a Trader's Essential Tool: Dual-Pane Visualization: Always displays divergences clearly in the oscillator pane, with optional overlay on the main price chart (candles) for context without clutter. Fully Independent Controls: Toggle lines and labels separately on the price chart — show text-only markers for a minimalist setup, or full lines + labels when needed. Complete Visual Customization: Adjust colors for every element (oscillator line, divergence lines, and label text) directly from settings. Resize labels independently for the oscillator pane and price chart (tiny for subtlety or large for emphasis). Smart Alerts: Configurable alerts for bullish/bearish regular and hidden divergences — never miss a setup. Repainting Option: Choose real-time repainting for faster signals or confirmed pivots for delayed but rock-solid entries. Flexible Trend Detection: Use zigzag-based, moving average, or external trend signals to accurately classify regular vs. hidden divergences. Clean & Minimal Design: Text-only labels (no bulky shapes) keep your chart uncluttered while highlighting key pivots. Whether you're hunting reversals in ranging markets, confirming trend continuations, or fine-tuning entries on higher timeframes, this screener delivers professional-grade divergence analysis with unmatched flexibility. Perfect for day traders, swing traders, and anyone who wants precise, actionable signals without overwhelming visuals. A must-have tool for elevating your technical analysis game.
Pine Script® indicator
by Buraydee
NoProcess Prior Month/Week/Day High/Low/EQ Prior Period Levels Plots key support/resistance levels from previous timeframes: Day, Week, and Month. Levels Displayed: PDH/PDL/PDE — Prior Day High, Low, and Equilibrium (midpoint) PWH/PWL/PWE — Prior Week High, Low, and Equilibrium PMH/PML/PME — Prior Month High, Low, and Equilibrium Features: Toggle each timeframe independently Single color control for clean chart aesthetics Configurable right extension (1-50 bars) Dotted line style with labels positioned at line endpoints Use Case: Reference levels for institutional order flow concepts. Prior period highs/lows act as liquidity pools; equilibriums mark fair value zones where price often rebalances. Works on any instrument and timeframe.
Pine Script® indicator
by noprocess
1
DT 20 200 VWAP Combo v2DT 20 200 VWAP Combo is a simple trend and bias tool that combines three core pieces of context on one chart • Short term momentum with the 20 EMA • Higher time frame trend with the 200 EMA • Value with a flexible anchored VWAP Use it to quickly answer three questions What is the bigger picture trend Where is price trading relative to value Is my entry idea trading with or against that structure What this indicator does Plots a 20 EMA for short term momentum Plots a 200 EMA for overall trend bias Plots a VWAP that you can anchor in different ways Session Daily Weekly Monthly Yearly Colors the background when price and EMAs agree with the selected VWAP Bull zone when 20 EMA is above 200 EMA and price is above VWAP Bear zone when 20 EMA is below 200 EMA and price is below VWAP Optionally prints labels when 20 EMA crosses above or below 200 EMA Price crosses above or below the chosen VWAP How to use it in your process Set your VWAP anchor Session if you are intraday focused Daily or Weekly if you want a cleaner swing bias Monthly or Yearly for longer swing context Use the 200 EMA and anchored VWAP as your higher time frame filter Only look for longs when price is above both Only look for shorts when price is below both Use the 20 EMA as your timing tool Look for entries in the direction of the background color Avoid trades that fight both EMAs and VWAP at the same time This is not a complete trading system by itself It is a context and confluence tool that works best when combined with your own price action and liquidity model such as structure shifts, sweeps, or a pattern based entry Nothing in this script is financial advice Always test and refine any idea in a demo environment and in a written plan before risking real capital
Pine Script® indicator
by DivergentTrades
CE Crypto Dow Theory – BTC & ETH # Professional User Guide: Crypto Dow Theory Indicator ## Crypto Exponentials Technical Analysis Suite --- ## 📋 Introduction Welcome to the Crypto Dow Theory indicator—a professional-grade technical analysis tool designed for sophisticated cryptocurrency market participants. This comprehensive guide will enable you to leverage the full capabilities of the indicator for informed trading decisions. **Prerequisites**: Basic understanding of technical analysis and Dow Theory principles recommended but not required. --- ## 🚀 Initial Setup Protocol ### Step 1: Adding the Indicator 1. Navigate to **Indicators** menu at the top of your TradingView chart 2. Search for **"Crypto Dow Theory – BTC & ETH"** in your invited/private scripts 3. Click to apply the indicator to your active chart 4. The indicator will overlay directly on the price chart ### Step 2: Optimal Configuration Access settings via the **gear icon (⚙️)** next to the indicator name: #### Essential Parameters **Dow Theory Settings** - **Min % Move (Pullback Threshold)**: 5.0% (default) *Recommendation*: 5-7% for standard volatility, 8-10% for high volatility periods - **Min Days for Secondary Reaction**: 8 days (default) *Note*: This parameter is currently informational; future versions may incorporate duration filtering - **Timeframe**: D (Daily) - *Primary recommendation for reliable signals* **Symbol Configuration** - **Bitcoin Symbol**: BTCUSD (default) *Alternatives*: COINBASE:BTCUSD, BINANCE:BTCUSDT, BITSTAMP:BTCUSD - **Ethereum Symbol**: ETHUSD (default) *Alternatives*: COINBASE:ETHUSD, BINANCE:ETHUSDT, BITSTAMP:ETHUSD #### Visual Options (Customizable Display) **Recommended Professional Setup**: - ✅ **Show Divergence Alerts**: ON (critical signals) - ☐ **Show Support/Resistance Lines**: OFF (toggle on for level analysis) - ☐ **Show Trend Change Arrows**: OFF (toggle on for entry/exit timing) - ☐ **Show BTC/ETH Price Lines**: OFF (redundant with price chart) - ✅ **Show Pullback Triangles**: ON (continuous market state monitoring) - ✅ **Show Info Label**: ON (real-time pullback metrics) - ☐ **Show Help Panel**: OFF (reference available in this documentation) #### Alert Configuration **Alert Threshold Settings** - **Alert on Pullback Greater Than**: 10.0% (default for significant moves) *Adjust based on your risk tolerance and trading style* --- ## 📊 Signal Interpretation Framework ### Primary Status Indicator (Top Label) Located at the top-right of your chart, this label provides instant market condition assessment: - **✓ BULLISH** → Both assets in confirmed uptrend *Interpretation*: Favorable conditions for long positioning; primary trend intact - **⚠️ BTC** → Bitcoin in pullback phase *Interpretation*: Monitor Ethereum for confirmation; potential isolated correction - **⚠️ ETH** → Ethereum in pullback phase *Interpretation*: Monitor Bitcoin for confirmation; assess correlation strength - **⚠️ BOTH PULLBACK** → Dual-asset correction in progress *Interpretation*: Market-wide retracement; defensive positioning recommended ### Information Label (Bottom Display) Positioned at the bottom-right, this label provides quantitative pullback metrics: **Format Examples**: - `BTC: 5.2% down | ETH: 3.1% down` → Both assets in measured pullback - `BTC: Uptrend | ETH: Uptrend` → No corrections detected; trend strength - `BTC: 8.7% down | ETH: Uptrend` → Single-asset pullback (divergence potential) - **Additional Flag**: `DIVERGENCE!` → Correlation breakdown detected ### Visual Marker System #### Continuous Indicators **Pullback Triangles** (Small, persistent markers) - 🟠 **Orange Triangles** → Bitcoin in secondary reaction (below candles) - 🔵 **Blue Triangles** → Ethereum in secondary reaction (below candles) - **Multiple Consecutive Triangles** → Extended pullback duration *Professional Use*: Track pullback persistence; extended pullbacks (10+ triangles) often precede strong reversals #### Event-Based Signals **Trend Change Arrows** (Optional, toggle in settings) - 🔴 **Red Arrow Down** → Pullback initiation detected - 🟢 **Green Arrow Up** → Recovery confirmed; new high established *Professional Use*: Entry/exit timing markers; green arrows indicate trend resumption #### Critical Alert Signals **Divergence Warning** - ❌ **Red X (Cross)** → Bearish divergence identified *Scenario*: One asset makes new high while other remains in pullback *Action*: Exercise caution; consider profit-taking or tightening stops **Bullish Confirmation** - 💎 **Green Diamond** → Coordinated recovery signal *Scenario*: Both assets exit pullbacks simultaneously *Action*: High-probability long entry zone; strong market agreement #### Background Visualization **Red Background Tint** - Light red overlay when **both assets in pullback** - Provides at-a-glance market condition awareness - Signals elevated risk environment --- ## 📈 Professional Trading Strategies ### Strategy 1: Conservative Trend Following **Risk Profile**: Low | **Recommended For**: Risk-averse participants, capital preservation focus **Execution Protocol**: 1. **Entry Criteria**: Status displays **"✓ BULLISH"**; both assets trending 2. **Position Management**: Maintain exposure during bullish status 3. **Exit Trigger**: Status changes to **"⚠️ BOTH PULLBACK"**; initiate defensive positioning 4. **Re-Entry Signal**: Green diamond (bullish confirmation) after correction 5. **Risk Management**: Stop-loss below recent swing low **Expected Characteristics**: Lower frequency trades, higher win rate, reduced drawdowns --- ### Strategy 2: Pullback Accumulation **Risk Profile**: Medium | **Recommended For**: Swing traders, value-oriented entries **Execution Protocol**: 1. **Setup Identification**: Single-asset pullback (**"⚠️ BTC"** or **"⚠️ ETH"**) 2. **Entry Zone**: Pullback reaches 5-7% (monitor info label) 3. **Confirmation**: Other asset remains in uptrend (divergence absent) 4. **Stop-Loss Placement**: Below pullback low with 1-2% buffer 5. **Exit Strategy**: Green arrow (recovery) or status returns to bullish **Expected Characteristics**: Higher frequency, requires active monitoring, medium holding period --- ### Strategy 3: Divergence-Based Risk Management **Risk Profile**: Medium-High | **Recommended For**: Advanced practitioners, short-term traders **Execution Protocol**: 1. **Alert Trigger**: Red X (bearish divergence) appears 2. **Assessment**: Verify one asset making new highs while other in pullback 3. **Initial Action**: Reduce position size by 30-50% or tighten trailing stops 4. **Monitoring**: Watch for dual-asset pullback confirmation 5. **Re-Entry**: Green diamond signal after both assets correct and recover **Expected Characteristics**: Defensive positioning, capital preservation during uncertainty --- ### Strategy 4: Institutional Accumulation **Risk Profile**: Low (Long-Term) | **Recommended For**: Portfolio managers, HODLers, DCA strategies **Execution Protocol**: 1. **Trigger**: **"⚠️ BOTH PULLBACK"** status + red background 2. **Accumulation Method**: Scale into position as pullback deepens - 25% position at 5% pullback - 25% position at 7% pullback - 50% position at 10%+ pullback 3. **Confirmation Wait**: Green diamond (coordinated recovery) 4. **Hold Strategy**: Maintain through subsequent minor pullbacks **Expected Characteristics**: Low frequency, high conviction entries, long holding periods --- ## 🔔 Alert Configuration Best Practices ### Recommended Alert Setup **Critical Alerts** (Enable immediately): 1. ✅ **"Both in Pullback"** → Market-wide correction notification 2. ✅ **"Bearish Divergence"** → Correlation breakdown warning 3. ✅ **"Bullish Confirmation"** → High-confidence entry signal 4. ✅ **"Deep Pullback Alert"** → Threshold: 10% for significant moves **Optional Alerts** (Based on trading style): 5. ☐ **"BTC Recovery"** → May generate frequent notifications 6. ☐ **"ETH Recovery"** → May generate frequent notifications ### Alert Configuration Parameters **TradingView Alert Settings**: - **Trigger Frequency**: "Once Per Bar Close" (recommended to avoid intrabar noise) - **Expiration**: "Open-ended" (continuous monitoring) - **Notification Methods**: - Mobile push notifications (time-sensitive signals) - Email (detailed records) - SMS (critical alerts only due to volume) --- ## ⚙️ Parameter Optimization by Trading Style ### Swing Traders (Recommended Primary Use Case) **Profile**: Multi-day to multi-week holding periods **Optimal Settings**: - **Timeframe**: Daily (1D) - **Min % Move**: 5-7% - **Alert Threshold**: 8-10% - **Check Frequency**: Once daily post-market close - **Visual Options**: Divergence alerts + Info label (minimal clutter) --- ### Position Traders / Long-Term Investors **Profile**: Weeks to months holding periods **Optimal Settings**: - **Timeframe**: Daily (1D) or Weekly (1W) - **Min % Move**: 7-10% - **Alert Threshold**: 12-15% - **Check Frequency**: 2-3 times weekly - **Visual Options**: Status label only (macro view) --- ### High-Volatility Environments **Market Condition**: Elevated realized volatility, choppy price action **Optimal Settings**: - **Min % Move**: Increase to 8-10% - **Alert Threshold**: 12-15% - **Rationale**: Reduces noise and false signals during turbulent periods --- ### Low-Volatility Environments **Market Condition**: Consolidation, narrow ranges, low realized volatility **Optimal Settings**: - **Min % Move**: Decrease to 3-5% - **Alert Threshold**: 7-8% - **Rationale**: Captures smaller structural movements during quiet periods --- ## 🔧 Advanced Configuration ### Custom Symbol Implementation **Major Exchange Pairs**: ``` Bitcoin Options: - COINBASE:BTCUSD (US-based, high liquidity) - BINANCE:BTCUSDT (global volume leader) - BITSTAMP:BTCUSD (established exchange) Ethereum Options: - COINBASE:ETHUSD (US-based, high liquidity) - BINANCE:ETHUSDT (global volume leader) - BITSTAMP:ETHUSD (established exchange) ``` **Alternative Cryptocurrency Pairs**: While designed for BTC/ETH, experimental configurations possible: - **Large Cap Altcoins**: SOLUSD + ADAUSD (sector analysis) - **DeFi Leaders**: AVAXUSD + MATICUSD (ecosystem tracking) ⚠️ **Important**: Dow Theory principles work optimally with dominant market leaders (BTC/ETH). Alternative pairs may produce less reliable signals. --- ## 🛠️ Troubleshooting Guide ### Issue: Excessive Signal Generation **Symptoms**: Constant triangle markers, frequent alerts **Root Cause**: Threshold too sensitive for current volatility **Solution**: Increase "Min % Move" to 7-10% **Verification**: Observe reduction in signal frequency while maintaining major moves --- ### Issue: Missed Significant Moves **Symptoms**: No triangles during visible corrections **Root Cause**: Threshold too conservative **Solution**: Decrease "Min % Move" to 3-5% **Verification**: Triangles appear during moderate retracements --- ### Issue: Labels Obscured or Invisible **Symptoms**: Cannot see status or info labels **Diagnostic Checklist**: - Zoom level: Zoom out to reveal off-screen labels - Settings: Verify "Show Info Label" is enabled - Overlap: Check for other indicators obscuring labels - Position: Labels placed 3 bars left of current price to prevent cutoff **Solution**: Adjust chart zoom or disable overlapping indicators --- ### Issue: Persistent Red Background **Symptoms**: Continuous red tinting despite apparent uptrend **Root Cause**: One or both assets technically in pullback per threshold **Solution**: Verify pullback percentages in info label; increase threshold if false positive **Note**: Red background requires BOTH assets in pullback simultaneously --- ### Issue: No Triangles Displayed **Diagnostic Checklist**: - Verify "Show Pullback Triangles" enabled in Visual Options - Confirm market not in extended uptrend (no pullbacks detected) - Check threshold isn't too high (increase sensitivity) --- ### Issue: Divergence Signals Absent **Solution**: Enable "Show Divergence Alerts" in Visual Options **Note**: Divergence signals relatively rare; indicate significant correlation breakdowns --- ## 💡 Professional Trading Insights ### 1. Volume Confluence Analysis **Integration Strategy**: - Overlay volume indicator below price chart - **Pullback + Low Volume** → Healthy correction within uptrend (bullish) - **Pullback + High Volume** → Potential distribution or reversal (bearish) - **Recovery + High Volume** → Strong accumulation confirmation (bullish) **Application**: Validate indicator signals with volume context for higher-confidence trades --- ### 2. Multi-Timeframe Validation **Hierarchical Analysis**: - **Weekly (1W)**: Primary trend direction (strategic bias) - **Daily (1D)**: Indicator signals (tactical execution) - **4-Hour (4H)**: Precise entry timing within daily signals **Protocol**: Ensure daily signals align with weekly trend; use 4H for entry refinement --- ### 3. Risk Management Framework **Position Sizing Guidelines**: - **Maximum Risk**: 2% account equity per position - **Stop-Loss Placement**: Below pullback low + 1-2% buffer - **Position Scaling**: - Initial entry: 50% intended size - Add 25% on confirmation (green arrow) - Final 25% on bullish confirmation (green diamond) **Capital Preservation**: - Reduce exposure 50% on "BOTH PULLBACK" status - Tighten stops to breakeven on bearish divergence (red X) - Scale out 30% of position at predetermined profit targets --- ### 4. Macro Context Integration **External Factors to Monitor**: - **Total Crypto Market Capitalization**: Validate broad market alignment - **Bitcoin Dominance**: Rising = BTC outperformance; Falling = altcoin season - **Macro Events**: FOMC meetings, regulatory announcements, geopolitical developments - **On-Chain Metrics**: Network activity, exchange flows (advanced) **Application**: Indicator signals most reliable when macro context supports directional bias --- ### 5. Correlation Dynamics **Healthy Market Characteristics**: - ✅ Strong positive correlation (BTC and ETH move together) - ✅ Coordinated recoveries (green diamond frequent) - ✅ Simultaneous pullbacks of similar magnitude **Warning Signs**: - ⚠️ Frequent divergences (red X signals) - ⚠️ Opposite directional moves - ⚠️ One asset perpetually lagging **Interpretation**: Strong correlation = stable bull market; Weak correlation = uncertainty, choppy conditions --- ## ✅ Best Practices Checklist ### DO: - ✅ Primarily use daily timeframe for reliable signal generation - ✅ Wait for confirmation signals (green diamond) before aggressive positioning - ✅ Adjust threshold parameters based on prevailing volatility regime - ✅ Configure alerts for critical signals (both pullback, divergence, confirmation) - ✅ Combine indicator signals with volume analysis and macro context - ✅ Maintain detailed trading journal to track signal accuracy and performance - ✅ Backtest historical signals to understand indicator behavior in your market - ✅ Scale position sizes proportionally to signal strength ### DO NOT: - ❌ Apply to very short timeframes (<4H) where noise dominates signal - ❌ Ignore "BOTH PULLBACK" warnings (market-wide risk elevation) - ❌ Trade counter to primary trend without exceptional confirmation - ❌ Rely exclusively on this indicator; use as part of comprehensive methodology - ❌ Overtrade based on every minor signal; exercise discretion - ❌ Neglect threshold adjustments during volatility regime changes - ❌ Enter positions during bearish divergence without additional confirmation - ❌ Exceed predetermined risk parameters based on signal enthusiasm --- ## 📚 Dow Theory Educational Context ### Core Principles Implemented **1. Trend Persistence Doctrine** *"The trend is assumed to continue until a definitive reversal signal occurs"* **Implementation**: Indicator tracks absolute highest high for each asset, maintaining trend assumption until threshold breach (5%+ pullback) --- **2. Significant Movement Threshold** *"Minor fluctuations are noise; significant moves indicate structural change"* **Implementation**: Configurable percentage threshold (default 5%) filters noise, identifying meaningful secondary reactions --- **3. Confirmation Principle** *"Market indices must confirm each other for signal validity"* **Implementation**: Dual-asset tracking; highest confidence signals require BTC and ETH agreement (both bullish or both in pullback) --- **4. Secondary Reactions Within Primary Trend** *"Corrections within trends are natural and present opportunity"* **Implementation**: Pullback detection maintains context of primary trend; triangles mark secondary reactions, not reversals --- ### Dow Theory Concepts Not Directly Implemented **Volume Confirmation** (Dow's Three Phases) - *Rationale*: Volume analysis requires separate indicator for comprehensive assessment - *Recommendation*: Overlay volume indicator alongside this tool **Three-Phase Market Cycle** (Accumulation-Distribution Framework) - *Rationale*: Phase identification requires subjective analysis beyond pure price action - *Recommendation*: Manual identification using indicator signals as supporting evidence **Line Analysis** (Support/Resistance) - *Rationale*: Optional in settings; trader discretion preferred for level identification - *Recommendation*: Enable S/R lines when conducting detailed structural analysis --- ## 📞 Support Resources ### Technical Assistance **For indicator-specific questions**: - Platform: TradingView direct messaging - Response Time: 24-48 hours - Required Information: - Chart screenshot - Settings configuration - Specific issue description ### Institutional Inquiries **For enterprise deployment or custom development**: - Website: (cryptoexponentials.com) - Services: Custom indicator development, integration support, training ### Community Resources **For general discussion and shared insights**: - Test indicator on historical data before live trading - Document edge cases and unusual behavior - Share settings optimizations for specific market conditions --- ## 📝 Version Information ### Current Release: v1.0 **Feature Set**: - Dual-asset (BTC/ETH) tracking with real-time synchronization - Divergence detection and alert system - Customizable pullback thresholds (volatility adaptation) - Six distinct alert conditions - Comprehensive visual framework with toggleable elements - Professional interface optimized for minimal chart clutter **Planned Enhancements** (Future Versions): - Additional cryptocurrency pair support - Volume-based signal confirmation - Advanced divergence pattern library - Custom alert message templates - Historical signal performance metrics - Multi-timeframe coordinated analysis --- ## 🎯 Closing Remarks ### Philosophy The Crypto Dow Theory indicator is engineered as a **decision support tool**, not an autonomous trading system. Optimal results require: 1. **Comprehensive Market Understanding**: Technical signals within fundamental context 2. **Disciplined Risk Management**: Predetermined rules consistently applied 3. **Patient Signal Selection**: Quality over quantity; await high-probability setups 4. **Continuous Learning**: Document trades, analyze outcomes, refine approach ### Success Factors **Highest-Probability Trades Exhibit**: - ✅ Dual-asset confirmation (both agree on direction) - ✅ Volume supporting the move (separate analysis) - ✅ Alignment with weekly trend (higher timeframe confluence) - ✅ Favorable risk/reward ratio (>2:1 minimum) - ✅ Supportive macro environment (regulatory/economic context) ### Risk Acknowledgment - This tool provides technical analysis, **not financial advice** - All trading involves substantial risk of capital loss - Past signal performance does not guarantee future accuracy - Users are solely responsible for trading decisions and outcomes - Always conduct independent research and consult qualified professionals --- ## 📧 Contact & Feedback Your feedback drives continuous improvement. Please share: - Feature requests and enhancement ideas - Bug reports with detailed reproduction steps - Settings optimizations for specific market conditions - Success stories and lessons learned **Thank you for choosing Crypto Exponentials technical analysis tools.** **Trade with discipline. Manage risk religiously. Compound knowledge consistently.** --- *© Crypto Exponentials | Professional Technical Analysis Solutions* *Website: (cryptoexponentials.com)* --- **Disclaimer**: This indicator is provided for educational and analytical purposes. The creator assumes no liability for financial losses. Cryptocurrency trading involves substantial risk. Never invest more than you can afford to lose. Always perform independent due diligence before making investment decisions.
Pine Script® indicator
by iakpas
Smart Money Concepts [MHA Finverse]A comprehensive Smart Money Concepts (SMC) indicator designed to identify institutional trading behavior and market structure shifts. This tool helps traders align with "smart money" by detecting key supply and demand zones, structural breaks, and liquidity patterns. Core Features Market Structure Analysis - Real-time Internal Structure: Detects short-term BOS (Break of Structure) and CHoCH (Change of Character) with customizable filters - Swing Structure: Identifies major trend shifts and structural breaks on higher timeframes - Adjustable pivot detection with customizable swing point visualization - Strong/Weak High/Low identification for bias confirmation Order Blocks (OB) - Internal and Swing Order Blocks with independent control - Volume-based metrics showing OB strength and percentage contribution - Two filtering methods: ATR-based and Cumulative Mean Range - Flexible mitigation options (Close or High/Low) - Display up to 20 order blocks per type with auto-cleanup on mitigation - Color-coded zones with transparency control Liquidity Detection - Equal Highs (EQH) and Equal Lows (EQL) identification - Threshold-based detection using ATR calculation - Visual confirmation lines connecting equal levels - Adjustable sensitivity and bar confirmation settings Fair Value Gaps (FVG) - Multi-timeframe FVG detection - Auto-threshold calculation based on price momentum - Bullish and Bearish gap visualization - Extendable gap boxes for tracking unfilled imbalances Premium & Discount Zones - Automated premium, equilibrium, and discount zone plotting - Based on current swing range extremes - Visual representation of optimal entry zones - Helps identify potential reversal and continuation areas Multi-Timeframe Levels - Previous Daily, Weekly, and Monthly High/Low levels - Customizable line styles (solid, dashed, dotted) - Independent color controls for each timeframe - Auto-adjusted labels (PDH, PDL, PWH, PWL, PMH, PML) Display Modes - Historical Mode: Shows all past structures and maintains drawing history - Present Mode: Displays only current active structures for cleaner charts Visual Themes - Colored: Full color customization for all elements - Monochrome: Clean grey-scale design for minimal distraction Smart Features - Confluence filter for internal structure to reduce noise - Automatic candle coloring based on market bias - 16 pre-configured alert conditions for all major signals - Efficient rendering with automatic cleanup of broken structures - Independent control over each feature for modular usage Use Cases - Identify institutional entry and exit points through order blocks - Spot potential reversals at premium/discount zones - Confirm trend direction with BOS and CHoCH signals - Find liquidity grabs at equal highs and lows - Trade imbalances at fair value gaps - Align entries with multi-timeframe key levels Settings Organization All features are neatly organized into logical groups: - Smart Money Concepts (general settings) - Real Time Internal Structure - Real Time Swing Structure - Order Blocks - EQH/EQL - Fair Value Gaps - Highs & Lows MTF - Premium & Discount Zones Note: This indicator works on all timeframes and instruments. For optimal results, combine multiple SMC concepts together to find high-probability setups with confluence. Credits Special thanks to Dau_tu_hieu_goc and BigBeluga for their code examples and inspiration that contributed to the development of this indicator. Disclaimer This indicator is for educational purposes only and does not constitute financial advice. Trading involves substantial risk of loss. Past performance does not guarantee future results. Always use proper risk management and conduct your own analysis before making trading decisions. The developer is not responsible for any trading losses incurred. Happy Trading
Pine Script® indicator
by humayunmha