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Indicators and strategies

Awesome Oscillator Twin Peaks Strategy 1. The indicator identifies both bullish and bearish twin peaks: - Bullish: Two consecutive valleys below zero, where the second valley is higher than the first - Bearish: Two consecutive peaks above zero, where the second peak is lower than the first 2. Visual elements: - AO histogram with color-coding for increasing/decreasing values - Triangle markers for confirmed twin peak signals - Zero line for reference - Customizable colors through inputs 3. Built-in safeguards: - Minimum separation between peaks to avoid false signals - Maximum time window for pattern completion - Clear signal reset conditions 4. Alert conditions for both bullish and bearish signals To use this indicator: 1. Add it to your TradingView chart 2. Customize the input parameters if needed 3. Look for triangle markers that indicate confirmed twin peak patterns 4. Optional: Set up alerts based on the signal conditions
Pine Script™ indicator
by kaveshn
Bidirectional Momentum Aggregator w/ Time Weighting Intrabar Data Extraction: The script optionally harnesses lower time frame data (e.g., per-second intervals) for high and low prices within each primary bar. You can set it to the current chart time but if you want to use intrabar data it uses the request.security_lower_tf() to properly pull intrabar data. This fine-grained data enables an in-depth examination of the price action that occurs within a standard timeframe, enhancing the ability to detect subtle market movements. A key threshold based on Average True Range (ATR) is used to measure significant price changes intrabar, adding a robust filter for volatility sensitivity. Cumulative Time-to-Threshold Analysis: The indicator tracks how long it takes for price changes to reach specified thresholds, marking critical time points when upward or downward price movements exceed these levels. This approach provides insights into the speed and intensity of directional shifts within the market. The calculated time-to-threshold values act as temporal markers that influence subsequent momentum weighting. Bidirectional Momentum Calculation: Momentum is assessed in two directions (upward and downward) using a comprehensive array of price changes. Adaptive Weighting Mechanism: Each momentum value is weighted by the calculated time-to-threshold, giving preference to momentum that occurs more rapidly and aligning with potential breakout conditions. The script also factors in correlations between momentum and price change, ensuring that only the most relevant signals contribute to the final analysis. Iterative Length Analysis: By iterating over a range of lengths (e.g., 100 to 200 periods), the script aggregates data to assess momentum across different time scales. This provides a more holistic view of market behavior, accommodating both short-term fluctuations and longer-term trends. Each length is evaluated using moving averages and correlations to determine its contribution to the total weighted momentum. Final Aggregated Output: The weighted sums of upward and downward momentum are normalized by the total weight to produce a final composite metric. The indicator plots these results as separate upward and downward momentum lines, offering traders a visual representation of which direction holds more momentum strength over various intervals. Practical Application: This indicator's advanced design is tailored for traders who require a deeper understanding of price movement dynamics and the underlying forces driving market momentum. By incorporating intrabar data, adaptive time-to-threshold calculations, and iterative analysis, this tool seeks to provide a clearer view of potential market direction shifts and their timing. The indicator can be used to: Identify potential breakout or reversal points by observing significant shifts in weighted momentum. Gauge the relative strength of uptrends and downtrends through the plotted momentum lines. Enhance decision-making with an additional layer of granularity from intrabar data. In essence, this script is an ambitious attempt to blend multi-scale analysis, momentum dynamics, and time-weighted evaluation, creating a unique approach to understanding market behavior beyond conventional indicators.
Pine Script™ indicator
by Cmo22
Candle-Based Negative Space (Improved)This script visualizes the concept of negative space (when a candle closes below a defined baseline) and positive space (when a candle closes above the baseline) on a price chart. It uses user-defined inputs to configure the baseline and optionally includes a moving average for additional trend analysis. Below is a detailed explanation of the script and suggestions for improving its plotting. Explanation of the Script Purpose The script helps traders visualize the relationship between price movements and a dynamically chosen baseline. The baseline can be based on: The high/low of the previous candle. The open/close of the current candle. The "negative space" is calculated when the closing price is below the baseline, and the "positive space" is calculated when the closing price is above the baseline. The sum of these spaces over a period is plotted as a histogram to provide insights into market strength.
Pine Script™ indicator
by Cmo22
BullsndBearss - Magic IndicatorHello everyone! Hope all are doing great! This indicator is specifically merged for the benefits of free trading view users. Since as you all know we can only use 2indicators at a time in the free version of the trading view. So was working on collecting some powerful indicators which is already exist in the market and also which we are using it on our daily trading journey which gives more accurate results. Collecting and combining (that’s why I mentioned as “merged” in the 1st line) is one of the tedious process than the new script making, but its pretty excited and challenging job to do. This MAGIC indicator is a spicy combo of 10 indicators (CPR, MOVING AVERAGES etc..), which will work better in 5,15 & 30mins timeframe too. Even for scalping it will give good results in 1&3mins time frame. I have back tested it for past 2months and felt this the time to reveal this indicator with you all. I have explained more in details about this indicator in my YouTube channel, watch out for better understanding. This indicator works well in INDIAN MARKET (OPTIONS, SCTOKS, STOCK OPTIONS) and more importantly this indicator works well in CRYTPO, FOREX & COMMODIITY markets as well. INDIAN MARKET: -------------------- NIFTY ====== BANKNIFTY ========= CRPTO, FOREX & COMMODITY: ------------------------------------- BTCUSD ======= EURO/USD ========= GOLD ===== USOIL ===== JUST BACK TEST THIS INDICATOR BY YOURSELF IN PAPER / DEMO TRADING AND SEE THE RESULTS. NCE YOU ARE STATISFIED AND CONFIDENT THEN MOVE INTO LIVE TRADING. "LETS LEARN TOGETHER & GROW TOGETHER"
Pine Script™ indicator
by BullsndBearss