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Indicators and strategies

Value Spectrum | OquantOverview The Value Spectrum is an indicator designed to provide traders with a visual and quantitative assessment of price positioning relative to a dynamic baseline, helping to identify potential value zones, overextensions, and fair value conditions in various market environments. It builds on traditional volatility envelope concepts but introduces multi-tiered bands with customizable smoothing and a spectrum-based classification system to offer a more nuanced view of market conditions. This allows traders to quickly gauge where price stands in its "value spectrum" without relying solely on binary overbought/oversold signals. Key Factors/Components Baseline: A selectable moving average that serves as the central reference point for the envelope. Volatility Measure: Derived from standard deviation, with optional smoothing to reduce noise in choppy markets. Multi-Level Bands: Six upper and lower bands are incremented with steps of 0.5x, creating a graduated spectrum rather than fixed thresholds. Value Classification: A table that categorizes the current price position into distinct levels, such as fair value, oversold, or overbought, for at-a-glance analysis. How It Works The indicator calculates a baseline using the chosen moving average type applied to the selected source (e.g., close price). It then measures volatility through standard deviation over a specified length, which can be smoothed using methods like median or other averages to adapt to market noise. Bands are constructed by adding and subtracting multiples of this volatility from the baseline, forming a series of widening zones. Price is evaluated against these zones to determine its position in the spectrum—closer to the baseline suggests fair value, while farther out indicates increasing degrees of extension. The visual fills between bands use gradient transparency to highlight the progression, and the table updates in real-time to label the current state based on where price falls. For Who It Is Best/Recommended Use Cases This indicator is best suited for swing traders, and mean-reversion strategists who need to assess relative value mainly in ranging markets. Recommended use cases include: Identifying entry points in oversold/overbought conditions. Confirming fair value zones for holding positions or scaling in. Monitoring extreme extensions as potential reversal warnings. Settings and Default Settings Source: Defines the input data series (default: close). Select MA for Baseline: Choose from options like SMA, EMA, ALMA, HMA, WMA, LSMA, DEMA, TEMA, SMMA(RMA), FRAMA, ZLEMA, T3, VWMA, TRIMA (default: DEMA). MA Length: Period for the baseline calculation (default: 30). Alma Offset: Adjusts the offset for ALMA if selected (default: 0.85). Alma Sigma: Sets the sigma for ALMA if selected (default: 4). T3 Vol Factor: Volume factor for T3 if selected (default: 0.7). SD Length: Period for volatility calculation (default: 21). Smooth Volatility: Enables/disables volatility smoothing (default: false). Select Volatility Smoothing Method: Options include MEDIAN, SMA, EMA, DEMA, WMA (default: MEDIAN). Volatility Smoothing Length: Period for smoothing volatility if enabled (default: 20). Show Table: Toggles the display of the value classification table (default: true). Conclusion The Value Spectrum offers a flexible and insightful way to visualize price in context, empowering traders to make informed decisions based on a structured assessment of market value. By customizing the baseline and volatility components, it adapts to different trading styles and assets, providing clarity in different conditions. ⚠️ Disclaimer: This indicator is intended for educational and informational purposes only. Trading/investing involves risk, and past performance does not guarantee future results. Always test and evaluate indicators/strategies before applying them in live markets. Use at your own risk.
Pine Script® indicator
by oquant
Median EMA IQR Bands | OquantOverview The Median EMA IQR Bands indicator introduces a robust trend-following tool that combines a median-filtered exponential moving average (EMA) with interquartile range (IQR) based bands to identify potential entry and exit points for long and short positions. This approach aims to reduce noise in traditional EMAs while incorporating a statistical measure of volatility to create adaptive bands. Unlike standard moving average crossovers or Bollinger Bands, this indicator uses median filtering on the EMA and IQR for band construction, which can help in filtering outliers and providing a more stable view of market trends. It also includes built-in performance metrics displayed in tables, allowing users to evaluate the indicator's historical behavior against buy-and-hold benchmarks directly on the chart(remember past performance doesn’t guarantee future results). Key Factors/Components Median-Filtered EMA: A core trend line derived from an EMA that is further smoothed using a median calculation to minimize the impact of extreme price movements. IQR Bands: Upper and lower bands built around the median EMA using the interquartile range, multiplied by a user-defined factor, to capture volatility without assuming a normal distribution like standard deviation-based methods. Signal Generation: Simple conditions for long (price above upper band) and short (price below lower band) allocations, with options to enable/disable longs or shorts. Performance Metrics: Tables showing risk-adjusted metrics such as Sharpe, Sortino, Omega ratios, max drawdown, intra-trade max drawdown, percent profitable trades, profit factor, total trades, and net profit for the indicator's simulated equity curve, compared to buy-and-hold. Equity Curve Plot: Optional plotting of a simulated equity curve based on the indicator's allocations. Visual Elements: Color-coded plots, fills, and bar coloring for clear signal visualization(green for bullish and purple for bearish. How It Works The indicator starts by calculating a standard EMA on the selected source (default close price), then applies a median filter over a specified length to create the central trend line. This helps in reducing whipsaws common in volatile markets. Separately, it computes the IQR from recent price data as a non-parametric measure of spread, which is then scaled by a multiplier and added/subtracted from the median EMA to form the upper and lower bands. Allocations shift to long when price closes above the upper band (if longs are enabled), to short when below the lower band (if shorts are enabled), or to cash otherwise(For example if it’s bearish signal but shorts are disabled then it will be cash). The equity curve and metrics are derived from these allocations, simulating returns while accounting for user preferences on position types. This logic emphasizes trend persistence filtered through statistical robustness, but users should note it may cause false signals in ranging markets and perform better in trending conditions. For Who It Is Best/Recommended Use Cases This indicator is best suited for trend-following traders or investors who prefer statistical, outlier-resistant methods over traditional indicators. It is recommended for: Intermediate to advanced users analyzing cryptocurrencies on daily or other timeframes. Those incorporating it into broader systems. Risk-averse traders who value drawdown insights and adjustable band sensitivity for customizing to specific assets. It is not ideal for high-frequency trading or very short-term scalping. Settings and Default Settings Start Date: Timestamp for when metrics and equity calculations begin (default: 1 Jan 2018). Source: Price source for calculations (default: close). EMA Length: Period for the underlying EMA (default: 30). Median Length: Window for median filtering on the EMA (default: 20). Interquartile Range Length: Period for IQR calculation (default: 20). Band Multiplier: Factor to scale the IQR for bands (default: 1.2). Allow Long Trades: Enable long positions (default: true); if false, defaults to cash. Allow Shorts: Enable short positions (default: false); if false, defaults to cash. Show Indicator Metrics Table: Display the performance table (default: true). Show Buy&Hold Table: Display benchmark table (default: true). Plot Equity Curve: Show simulated equity line (default: false). These defaults are tuned for general use on daily charts, but users should adjust based on asset volatility—e.g., increase multiplier for tighter bands in low-vol environments. Conclusion The Median EMA IQR Bands offers a fresh take on trend detection by blending median smoothing with IQR volatility measures, providing traders with a tool that prioritizes stability and insightful metrics(remember past performance doesn’t guarantee future results). It encourages informed decision-making through transparent performance visuals(remember past performance doesn’t guarantee future results), making it a valuable addition for those looking to enhance their technical analysis toolkit. ⚠️ Disclaimer: This indicator is intended for educational and informational purposes only. Trading/investing involves risk, and past performance does not guarantee future results. Always test and evaluate indicators/strategies before applying them in live markets. Use at your own risk.
Pine Script® indicator
by oquant
Nexus Drift | OquantOverview Nexus Drift is a consensus-based trend tool designed to identify potential long opportunities in trending markets by aggregating signals from multiple technical components. It generates a composite score from seven distinct trend-detection methods, triggering a "LONG" allocation when the score meets a predefined threshold, and shifting to "CASH" otherwise. The script also includes optional visualizations such as an equity curve and performance tables displaying key risk-adjusted metrics like Sharpe ratio, Sortino ratio, Omega ratio, maximum drawdown, and others for both the strategy and a buy-and-hold benchmark. This allows users to evaluate historical performance(remember past performance doesn’t guarantee future results) in a structured way. By combining diverse trend filters, the script aims to reduce noise and provide a more robust signal for trend-following approaches. Key Factors/Components The script incorporates seven complementary trend-detection components, each contributing to the overall consensus score: MAD Median LSMA: A least-squares moving average filtered through a median and adjusted with median absolute deviation bands for outlier resistance. Smoothed TEMA SD: A triple exponential moving average smoothed and bounded by standard deviation bands to capture trends without too much noise. Z-Scored ALMA: An Arnaud legoux moving average normalized into a Z-score for trend strength assessment. EMA Cross: A simple crossover between fast and slow exponential moving averages for basic trend direction. RSI MA: A moving average of the Relative Strength Index to confirm bullish momentum in trends on a smoothed basis. SMA SD SuperTrend: A SuperTrend variant using simple moving average and standard deviation for dynamic trailing levels. WMA MAD Bands: A weighted moving average with median absolute deviation bands for weighted trend tracking with volatility adjustment. How It Works The script calculates individual signals from each component, assigning a value of +1 for long conditions, -1 for cash. These are averaged into a composite score, which triggers a long allocation if it meets or exceeds a threshold (0.5), or shifts to cash if equal or below a cash threshold (0). This consensus approach helps filter out conflicting signals, emphasizing agreement across methods to potentially improve reliability in sustained trends. Historical equity is simulated starting from a user-defined date, incorporating daily returns only during long allocations. Performance metrics are computed using standard formulas (e.g., Sharpe as average return over standard deviation, annualized; Sortino focusing on downside deviation; Omega as the ratio of sum positive to sum negative returns). Tables update in real-time on bar close on the chart for quick reference, but all calculations are based on historical data and do not predict future outcomes. Recommended Use Cases This script is best suited for trend-following traders or investors focusing on assets with strong directional moves, such as cryptocurrencies on daily or other timeframes. The tool's design was to work well in different markets and timeframes. It performs optimally in markets exhibiting prolonged trends rather than ranging, where consensus may lag or produce fewer/false signals. It is not ideal for short-term scalping, mean-reversion strategies, or assets with low liquidity, as the components are tuned for trend persistence. Settings and Default Settings The script includes several inputs for customization: Strategy Start Date: Defines the backtesting start point (default: 1 Jan 2018). Use this to align with relevant historical periods, but note that shorter datasets may reduce metric reliability and also past performance doesn’t guarantee future results. Show Strategy Metrics Table: Toggles the display of a table with metrics like max drawdown, intra-trade max drawdown, Sharpe, Sortino, Omega, percent profitable, profit factor, trades, and net profit (default: true). Show Buy & Hold Table: Toggles a benchmark table with similar metrics for a passive buy-and-hold approach (default: true). Plot Equity Curve: Displays the simulated strategy equity line (default: false). Component-specific lengths and multipliers are fixed but chosen to balance responsiveness and smoothness across methods. The long threshold (0.5) requires the majority of the components to agree on a long signal. The script is optimized for daily crypto charts on trending assets, but tested on other timeframes/markets also. Conclusion Nexus Drift offers a structured way to gauge trend consensus through diversified components, providing actionable allocations and transparent metrics to support informed decision-making. By focusing on agreement across methods, it seeks to enhance trend detection while highlighting key performance metrics. ⚠️ Disclaimer: This indicator is intended for educational and informational purposes only. Trading/investing involves risk, and past performance does not guarantee future results. Always test and evaluate indicators/strategies before applying them in live markets. Use at your own risk.
Pine Script® indicator
by oquant
Apex Flow | OquantOverview Apex Flow is a rotational allocation indicator designed for cryptocurrency traders seeking to dynamically shift capital between a selection of assets based on trend strength and relative performance. It aims to capture upside in trending markets while reducing exposure during weaker periods by incorporating a multi-factor trend detection system and a relative strength ranking mechanism. This tool is built to provide a structured approach to portfolio allocation in crypto environments, emphasizing risk management through trend confirmation and a built-in risk-on filter to avoid drawdowns in non-conducive conditions. Its originality lies in the ensemble of customized trend filters combined with pairwise relative strength comparisons, which together create a robust scoring system for asset selection—going beyond simple momentum or single-indicator rotations to offer a more nuanced, adaptive strategy. Key Factors/Components Multi-Trend Detection Ensemble: Utilizes a blend of moving average-based filters, deviation bands, and momentum oscillators to evaluate overall market trend direction. Relative Strength Ranking: Compares assets pairwise to determine dominance, assigning scores that influence allocation priorities. Allocation Splits: Supports configurable splits between the top-performing asset(s) and secondary ones, allowing for concentrated or diversified exposure. risk-on Filter: Applies smoothing techniques to the simulated portfolio equity to confirm uptrend viability, acting as a macro-level risk overlay. Performance Metrics and Visuals: Includes built-in tables for allocations, metrics (like Sharpe, Sortino, Omega ratios, max drawdown, and net profit), and an asset matrix for transparency in decision-making. How It Works The indicator first assesses each asset's trend state using an ensemble of seven trend-following components, each contributing to a composite score that signals whether the asset is in a bullish trend, or bearish trend. Thresholds determine when an asset qualifies for allocation (e.g., requiring a majority positive score for inclusion). Next, eligible assets are ranked via relative strength calculations derived from pairwise trend comparisons, producing a dominance score for each. The highest-scoring asset(s) receive primary allocation, with optional secondary allocation to the next tier based on user-defined splits (e.g., 80/20). Daily returns are then used to simulate a portfolio equity curve, which is filtered through multiple smoothing methods to ensure the overall strategy is in an "up" state before committing capital—otherwise, it defaults to cash. This process helps prioritize stronger assets while incorporating safeguards against prolonged downtrends, though it may lag in rapidly reversing markets due to its confirmatory nature. For Who It Is Best/Recommended Use Cases This indicator is ideal for intermediate to advanced cryptocurrency traders who appreciate an active, systematic strategy for rotating capital across a basket of assets (e.g., major cryptos like BTC, ETH, SOL, and SUI). It's suited for medium-term on the 1D timeframe, where the ensemble of trend filters and relative strength rankings can identify and capitalize on multi-day to weekly momentum shifts in trending markets. Recommended for those actively managing diversified crypto portfolios to potentially outperform buy-and-hold benchmarks with controlled volatility. It's not optimized for short-term scalping (e.g., intraday), highly illiquid assets, or prolonged range-bound conditions, where its confirmatory logic may lead to delayed/false signals. Always integrate it with your own risk management practices. Settings and Default Settings Strategy Start Date: Timestamp for "1 Jan 2023" – Defines the backtest start; adjust to test different periods. Assets: Asset 1 ("INDEX:BTCUSD"), Asset 2 ("INDEX:ETHUSD"), Asset 3 ("CRYPTO:SOLUSD"), Asset 4 ("CRYPTO:SUIUSD") – Select up to four cryptos; defaults focus on major ones. Allocation Split: "100/0" – Options include 80/20, 70/30, 60/40; default fully allocates to the top asset(s). Plot Equity Curves: Strategy equity and btc equity enabled by default – Toggle to visualize strategy and individual assets. Show Tables: All enabled – Display allocation, metrics, and asset matrix for real-time insights. Internal parameters like trend lengths and multipliers are fixed to balance sensitivity and reliability, optimized for daily crypto charts. Conclusion Apex Flow offers a systematic way to navigate crypto rotations by blending trend confirmation with relative strength, potentially enhancing returns in bullish cycles while preserving capital in others. Its ensemble approach and equity filter provide a layer of robustness not found in simpler rotators, making it a valuable addition for trend-oriented portfolios. ⚠️ Disclaimer: This indicator is intended for educational and informational purposes only. Trading/investing involves risk, and past performance does not guarantee future results. Always test and evaluate indicators/strategies before applying them in live markets. Use at your own risk.
Pine Script® indicator
by oquant
COT - Weekly Summary# COT Weekly Summary Dashboard - User Manual ## 📊 Overview **COT Weekly Summary** is an advanced Pine Script dashboard that provides comprehensive real-time analysis of CFTC COT (Commitment of Traders) data. This professional tool allows you to monitor net positions of non-commercial traders across currencies, precious metals, and commodities, all within a single elegant and customizable interface. ### 🎯 Key Features - **Multi-Asset Analysis**: Major currencies, precious metals, and commodities - **Real-Time Data**: Automatic weekly updates from CFTC reports - **BestPair Detector**: Automatically identifies the best trading opportunities - **Customizable Interface**: Colors, sizes, and positioning fully configurable - **Dynamic Watermark**: Motivational phrases that change with each new bar --- ## ⚙️ Configuration and Customization ### 📍 Table Position **Setting**: `Table Position` - **Top Left**: Top left corner - **Top Center**: Top center - **Top Right**: Top right corner - **Middle Left**: Middle left - **Middle Center**: Screen center - **Middle Right**: Middle right - **Bottom Left**: Bottom left corner - **Bottom Center**: Bottom center - **Bottom Right**: Bottom right corner ### 📊 Data Type **Setting**: `Data Type` - **Futures Only**: Futures contracts only - **Futures and Options**: Futures + options (more complete data) ### 🎨 Color Customization #### Base Table Colors - **Header Background**: Header background color - **Header Text**: Header text color - **Frame Color**: Table frame color - **Border Color**: Cell border color #### Dynamic Row Colors - **Positive Background**: Background for positive changes - **Positive Text**: Text for positive changes - **Negative Background**: Background for negative changes - **Negative Text**: Text for negative changes - **Neutral Background**: Background for neutral changes #### BestPair Colors (Dynamic Gradient) - **Red Background**: Pairs with strength 0-10 - **Orange Background**: Pairs with strength 10-20 - **Yellow Background**: Pairs with strength 20-30 - **Light Green Background**: Pairs with strength 30-70 - **Dark Green Background**: Pairs with strength 70+ ### 📏 Text Size **Available options**: Tiny, Small, Normal, Large, Huge --- ## 📋 Asset Categories ### 💱 Major Currencies **Activation**: `Show Major Currencies` Monitors the 8 main Forex currencies: - **EUR** - Euro - **GBP** - British Pound - **JPY** - Japanese Yen - **CHF** - Swiss Franc - **CAD** - Canadian Dollar - **AUD** - Australian Dollar - **NZD** - New Zealand Dollar - **USD** - US Dollar ### 🥇 Metals **Activation**: `Show Metals` Includes the main precious metals: - **GOLD** - Gold - **SILVER** - Silver - **PLATINUM** - Platinum - **PALLADIUM** - Palladium - **COPPER** - Copper ### 🌾 Commodities **Activation**: `Show Commodities` Covers the most important commodities: - **WTI** - West Texas Intermediate Oil - **NATURAL GAS** - Natural Gas - **COCOA** - Cocoa - **CORN** - Corn - **SUGAR** - Sugar - **COFFEE** - Coffee - **SOYBEANS** - Soybeans ### 🎯 BestPair Detection **Activation**: `Show BestPair` The BestPair system automatically analyzes all currencies and identifies the best trading opportunities by combining: - Currencies with positive changes (bullish trend) - Currencies with negative changes (bearish trend) - Calculation of "Strength Score" for each pair **How it works**: 1. Identifies currencies with opposite trends 2. Calculates relative strength of each pair 3. Applies dynamic colors based on strength 4. Shows only the most promising pairs --- ## 📊 Data Interpretation ### Table Columns 1. **ASSET**: Asset name (currency, metal, commodity) 2. **NET POSITIONS**: Current net positions of non-commercial traders 3. **# CHANGE**: Numerical change from previous week 4. **% CHANGE**: Percentage change (determines row color) ### 🎨 Color System - **Green**: Positive changes (bullish sentiment) - **Red**: Negative changes (bearish sentiment) - **Neutral**: Minimal or no changes ### 📈 BestPair Strength Score The color system for BestPair indicates pair strength: - **🔴 Red (0-10)**: Low strength - **🟠 Orange (10-20)**: Moderate strength - **🟡 Yellow (20-30)**: Good strength - **🟢 Light Green (30-70)**: High strength - **🟢 Dark Green (70+)**: Excellent strength --- ## 💡 Usage Tips ### ⏰ **IMPORTANT: Weekly Timeframe Only** **This indicator works ONLY on Weekly (1W) timeframe. Make sure your chart is set to Weekly before using the dashboard.** ### 📊 Weekly Analysis - COT data is updated every Tuesday (previous Friday's data) - Focus on percentage changes rather than absolute values - Changes above 10% are generally significant ### 🎯 Trading with BestPair - Dark green pairs (70+) offer the best opportunities - Combine COT analysis with technical analysis - Consider opposite sentiment as potential reversal ### ⚡ Performance Optimization - Disable unnecessary categories to reduce loading times - Use "Futures Only" if you don't need options data - Position the table where it doesn't interfere with your charts --- ## ❓ Troubleshooting ### Common Issues 1. **Table not appearing**: Check that you're on Weekly timeframe 2. **Data not updating**: COT data is released with a 3-day delay 3. **Performance issues**: Disable unused asset categories 4. **Colors not showing**: Verify color settings in Style tab ### Technical Requirements - **Timeframe**: Weekly (1W) only - **Market**: Works on any symbol (data is independent) - **Account**: Works with any TradingView account type --- ## 🤝 Support the Project If this indicator has been helpful for your trading analysis, consider supporting its development: **☕ Buy Me a Coffee**: buymeacoffee.com Your support helps maintain and improve this tool for the entire trading community! --- **Happy Trading! 📈** ---
Pine Script® indicator
by Marines3B
ATH Line with Date (Editable)Overview: This indicator draws a continuous horizontal line at the instrument’s All-Time High (ATH) and annotates it with a label that shows the date the ATH was set in dd-mmm-yyyy format. The label is fully configurable (text prefix, side, position, colors, vertical offset), and you can optionally append the ATH price formatted as $ 1.234,56. Built for Pine Script™ v6 and works on any symbol or timeframe. How it works • Maintains a running maximum of high. • Detects the bar where the current ATH occurred and extracts its date. • Renders a horizontal line extended both sides at the ATH level. • Places an optional label on the last bar or on the ATH bar. • Triggers an optional alert when a new ATH is printed. Inputs • Line color / width / style – customize the ATH line appearance. • Show label – toggle label on/off. • Label text (prefix) – default ATH ►. • Label text color / background – visual customization for the tag. • Label side – left or right-anchored label. • X location – Last bar or ATH bar. • Label vertical offset (%) – moves the label above/below the line. • Show price – appends the ATH price in the format $ 1.234,56 Notes & behavior: • Repainting: The ATH level is stable until a higher high appears. When a new ATH is set, the line and date update accordingly—this is expected behavior. • The ATH is computed from the chart’s current timeframe/history. If the symbol has limited history on your chart, the ATH reflects only the available data. • No external libraries; no user data is collected. Alerts: • Includes New ATH alert condition. Fire it to be notified when price sets a new all-time high. Tips: • Use Last bar placement to keep the label visible at the right edge while scrolling. • If the label overlaps candles or drawings, add a small positive vertical offset. Version: • Pine Script™ v6. Indicator only; no trading signals or orders. Disclaimer: For educational purposes only. This script does not constitute financial advice or a recommendation to buy or sell any security. Always do your own research and manage risk appropriately.
Pine Script® indicator
by Yesid_Correa_Cano
Buy/Sell Volume Bubbles on Candles🎯 New Big Order Filter Features: Volume Filter Settings (New Group): Enable Big Order Filter (Default: ON) Toggle to show only significant volume When OFF, shows all bubbles Volume Threshold (Default: 1.5x) Overall volume must exceed average by this multiple 1.5 = 150% of average (only big volume candles) Range: 0.5x to 5.0x Min Buy Volume Threshold (Default: 1.2x) Buy volume must exceed average buy volume 1.2 = 120% of normal buying Filters out small buy orders Min Sell Volume Threshold (Default: 1.2x) Sell volume must exceed average sell volume 1.2 = 120% of normal selling Filters out small sell ordersPractical Examples: Conservative (Show fewer, bigger orders): Volume Threshold: 2.0x (only double-average volume) Buy/Sell Threshold: 1.5x (only strong buying/selling) Result: Very clean chart, institutional-sized orders only Moderate (Default - Good balance): Volume Threshold: 1.5x Buy/Sell Threshold: 1.2x Result: Shows significant orders, filters noise Aggressive (Show more activity): Volume Threshold: 1.0x Buy/Sell Threshold: 0.8x Result: More bubbles, captures medium orders Use Cases: 🐋 Whale Watching (Set 2.5x+): Only massive institutional orders Spot market makers and big players 📊 Swing Trading (Set 1.5x): Significant volume clusters Key support/resistance confirmation ⚡ Active Trading (Set 1.2x): More frequent signals Better order flow visibility Chart Clarity: ✅ No more bubble clutter ✅ Focus on significant orders ✅ Easy to spot institutional activity ✅ Independent buy/sell filtering
Pine Script® indicator
by danielvisan1
Candle Levels (gajiev)📌 English description Candle Levels (gajiev) This indicator automatically plots key levels from the first candle of the trading day (based on Moscow time, 00:00 MSK). You can choose the base timeframe: H4, H12, or 1D. Once the first selected candle closes, the following levels are drawn: High / Low of the candle Body High / Body Low (open and close extremes) Midpoint (50% of the candle) Each level can be customized (color, style, width, label). Additionally, the indicator can draw a vertical line at a user-defined time of day to mark the start of your trading session. 📌 Описание по-русски Candle Levels (gajiev) Индикатор автоматически строит ключевые уровни первой свечи торгового дня (по московскому времени, начало в 00:00 МСК). Можно выбрать базовый таймфрейм: H4, H12 или 1D. После закрытия первой свечи выбранного таймфрейма на графике появляются уровни: Максимум и минимум свечи Верх и низ тела свечи (открытие и закрытие) Середина (50% свечи) Каждый уровень настраивается (цвет, стиль, толщина, подпись). Также индикатор может отрисовать вертикальную линию в заданное время дня для обозначения старта вашей торговой сессии.
Pine Script® indicator
by gajiev
GOLD — OB Clean + Flip + FVG + MTF + Smart Text [Dragos]Overview A fast, no-nonsense order-flow tool designed for XAUUSD intraday trading. It automatically finds Order Blocks (Supply/Demand) from swing pivots, promotes them from candidate to active on mitigation, tracks FLIP events (Supply→Demand and vice-versa), and overlays Fair Value Gaps (FVG) with optional mid-line. Add MTF OB projection, auto-sized in-box labels, and ready-made alerts—and you’ve got a complete execution map for Gold. Works best on M5–M15 with H1 as higher timeframe, but is instrument-agnostic. What it detects OB Candidates from L/R swing pivots (configurable leftSens / rightSens), with optional displacement filter in ATR. OB Activation (Mitigation) when price closes or full body enters the zone (you choose the rule). FLIP Logic: after activation, a full-body break of the opposite boundary flips the zone (Supply→Demand or Demand→Supply). FVG (Bull/Bear) from wicks or bodies, with optional 50% line and text tag. MTF OB Projection: projects higher-TF OB zones onto your current chart. Visuals & UX Candidates are lightly tinted; active zones are emphasized. Auto text size scales with zone height vs ATR (or pick Small/Normal/Large/Huge). In-box labels stay centered and are buffer-safe (no “historical offset” errors). Mitigated zones can be hidden or faded; invalidated zones can be removed or grayed. Colors (default): Supply = red, Demand = lime; FVG bull = blue, FVG bear = red; mid-lines in gray. Inputs (highlights) Pivots & Filters: leftSens, rightSens, useDisp, dispX (×ATR), atrLen Activation rule: Body Inside or Close Inside Candidates: show/hide, transparency, maxCandidates per side, auto clean on break (Close/Body/Wick) Text & Style: auto size vs ATR, per-side text (Zona Sell/Buy) & colors, transparency FVG: enable, bodies/wicks, extend right, show 50%, fade/hide on mitigation, remove on fill, fvgMaxKeep MTF OB: enable, source TF (e.g., 60/240), keep last N, separate texts/colors Performance: SAFE_BACK (clamps label X far in history to avoid buffer issues) Alerts (ready to use) Mitigare Supply – “Supply OB activated.” Mitigare Demand – “Demand OB activated.” Flip → Demand – “Full-body break above Supply top.” Flip → Supply – “Full-body break below Demand bottom.” How to use (playbook) Bias: prefer trades in the direction of the last FLIP. Entry: at active OB touch (or FVG touch, ideally near 50%), with confluence. Stops/Targets: SL just beyond zone edge (+ small ATR buffer). TP1 at 50% of the zone or 1R (whichever first). TP2 at opposite zone / next swing / 2R. Move to BE after TP1 or on full mitigation + micro swing against. MTF: optionally project H1 OBs for context; keep last 2–3 to avoid clutter. Presets (quick start) Conservative (M15): useDisp=true, dispX=0.45–0.60, leftSens=12–14, rightSens=2, FVG from bodies, MTF H1 on. Standard (M5): useDisp=true, dispX=0.25–0.35, leftSens=10–12, rightSens=2, FVG from wicks, MTF optional. Aggressive (M5/M1): useDisp=false (or 0.15–0.20), leftSens=6–8, rightSens=1–2, activation Body Inside. Notes & limitations No repaint on confirmed pivots: a pivot is confirmed after rightSens bars. MTF zones update until the higher-TF bar closes (standard TradingView behavior). The script does not place trades and does not guarantee profit. Use position sizing and risk management appropriate for XAU’s volatility. Credits Built for Dragos (Gold trader) to make OB execution simple, fast, and readable on XAUUSD. If it helps you, a ⭐ or comment is appreciated. Trade safe! Prezentare Un tool rapid, „fără zgomot”, gândit pentru XAUUSD intraday. Detectează automat Order Blocks (Supply/Demand) din pivoti L/R, promovează candidații la zone active la mitigare, marchează evenimentele FLIP (Supply→Demand și invers) și desenează Fair Value Gaps (FVG) cu opțiune de linie la 50%. Adaugă proiecție MTF a OB-urilor, etichetare auto în interiorul zonelor și alerte — obții harta completă de execuție pentru aur. Funcționează cel mai bine pe M5–M15 cu H1 drept context, dar este agnostic la instrument. Ce detectează Candidați OB din pivoti L/R (configurabil leftSens / rightSens), cu filtru opțional de displacement în ATR. Activare (Mitigare) OB când prețul închide sau intră cu tot corpul în zonă (alegi regula). Logica FLIP: după activare, o străpungere cu corp a marginii opuse inversează zona (Supply↔Demand). FVG (bull/bear) din wick-uri sau din corpuri, cu etichetă și linia 50% opțională. Proiecție MTF OB: proiectează zonele HTF pe graficul curent. Vizual & UX Candidații au tentă discretă; zonele active sunt accentuate. Text auto se scalează cu înălțimea zonei vs ATR (sau alegi Small/Normal/Large/Huge). Etichetele din interior rămân centru și sunt „buffer-safe” (evită erorile de tip „historical offset”). Zonele mitigate pot fi ascunse sau estompate; cele invalidate pot fi șterse sau gri. Culori (implicit): Supply = roșu, Demand = verde; FVG bull = albastru, FVG bear = roșu; mid-lines gri. Inputuri (esential) Pivoti & Filtre: leftSens, rightSens, useDisp, dispX (×ATR), atrLen Regulă activare: Body Inside sau Close Inside Candidați: afișare, transparențe, maxCandidates/parte, auto-clean pe rupere (Close/Body/Wick) Text & Stil: mărime auto vs ATR, text per parte (Sell/Buy), culori, transparențe FVG: activare, din corpuri/wick-uri, extindere la dreapta, 50%, ascunde/estompează la mitigare, șterge la umplere, fvgMaxKeep MTF OB: activare, TF sursă (ex. 60/240), păstrează ultimele N, texte/culori separate Performanță: SAFE_BACK (limitează poziționarea etichetelor foarte în spate în istoric) Alerte (gata de folosit) Mitigare Supply – „Supply OB activated.” Mitigare Demand – „Demand OB activated.” Flip → Demand – „Full-body break above Supply top.” Flip → Supply – „Full-body break below Demand bottom.” Ghid de utilizare (playbook) Bias: preferă intrările în direcția ultimului FLIP. Intrare: la touch/activare în OB sau la revenire în FVG (ideal aproape de 50%), cu confluente. SL/TP: SL ușor dincolo de marginea zonei (+ buffer ATR). TP1 la 50% din zonă sau 1R (ce vine primul). TP2 la zona opusă / următorul swing / 2R. BE după TP1 sau la mitigare completă + micro-swing contra. MTF: opțional proiectează OB de H1; păstrează 2–3 pentru claritate. Preseturi (start rapid) Conservator (M15): useDisp=true, dispX=0.45–0.60, leftSens=12–14, rightSens=2, FVG din corpuri, MTF H1 on. Standard (M5): useDisp=true, dispX=0.25–0.35, leftSens=10–12, rightSens=2, FVG din wick-uri, MTF opțional. Agresiv (M5/M1): useDisp=false (sau 0.15–0.20), leftSens=6–8, rightSens=1–2, activare Body Inside. Note & limitări Nu repictează pe pivoti confirmați: pivotul se confirmă după rightSens bare. Zonele MTF se actualizează până la închiderea barei HTF (comportament TradingView standard). Scriptul nu plasează tranzacții și nu garantează profit. Folosește money-management adecvat volatilității XAU. Credite Creat pentru Dragos (Gold trader) — focus pe claritate și execuție rapidă pe XAUUSD. Dacă te ajută, o ⭐ sau un comentariu sunt apreciate. Trade safe!
Pine Script® indicator
by craciun1dragos
Whale Detector — JarassWhale Detector — Replica (Buy Spikes + Threshold + Alert) The Whale Detector is a specialized tool designed to help traders identify large accumulation or “buy spikes” often associated with significant market participants (“whales”). It focuses on detecting unusual buying pressure at new local lows and signals potential strong upward movements. Key Features: 1. Whale Buy Spikes Detection: • Highlights strong buying activity at local lows using a combination of momentum, smoothing, and normalization. • Detects new low bars and evaluates whether buying pressure exceeds a configurable threshold. • Plots detected spikes as yellow histogram columns for clear visualization. 2. Adjustable Sensitivity: • MOM Length: scales the momentum measurement. • Smoothing: controls the smoothness of the calculated whale signal. • Amplitude divisor & global scale: tune the signal strength for different markets. • Whale Power Threshold: customizable level to mark strong buy spikes. 3. Alerts: • Alerts trigger when a strong whale buy spike crosses the threshold. • Persistent alerts when buying pressure remains above the threshold. • Designed for real-time monitoring of potential accumulation zones by major market players. 4. Visualization: • Overlay-free indicator (displayed in a separate panel). • Clear histogram view of detected whale activity. • Red dotted horizontal line represents the signal threshold for easy identification of strong buying events. 5. Suitable For: • Traders looking to spot smart money accumulation or unusual buying pressure. • Can be used in combination with trend-following or breakout strategies. • Useful across different timeframes and assets. Summary: The Whale Detector provides a quantitative view of buying spikes at critical lows, helping traders detect potential market-moving accumulation by whales. Coupled with threshold alerts, it enables timely action on strong buying signals
Pine Script® indicator
by Jarass1080
15-Min RSI Scalper [SwissAlgo]15-Min RSI Scalper Tracks RSI Momentum Loss and Gain to Generate Signals --------------------------------------------------------- OVERVIEW This indicator is specifically designed for 15-minute chart scalping . It detects momentum exhaustion by tracking RSI movements in 2-point increments on the 1-hour timeframe: Sell signals trigger when RSI climbs several points and then reverses downward, signaling a potential loss of momentum Buy signals trigger when RSI first drops several points and then reverses upward, signaling a potential gain of momentum Think of it like climbing or falling from a ladder : the indicator tracks each 2-point RSI step. A sell signal appears when RSI climbs the ladder, then falls back down by at least 2 steps and stays below that level for 3 bars. A buy signal works the same way in reverse when RSI falls down the ladder and then climbs back up. Confirmation requires 3 consecutive bars to filter false signals. All settings are hardcoded for the 15-minute timeframe. This plug-and-play design eliminates decision fatigue and ensures the indicator works as intended out of the box. --------------------------------------------------------- KEY FEATURES Automatic Higher Timeframe RSI When applied to a 15-minute chart, the indicator automatically uses 1-hour RSI data (higher timeframe). This tries to eliminate noise from lower timeframes while maintaining responsiveness for intraday trades. Dynamic Adaptive Start Levels Sell signals adapt to recent market conditions by using the 90th percentile of RSI over the last 1000 bars, clamped between 60 and 80. Buy signals use the 10th percentile clamped between 20 and 40. This is to help the indicator adjust to varying volatility environments without manual intervention. Ladder Box System RSI movements are tracked in 2-point boxes. The indicator waits for RSI to climb or drop by at least 2 boxes, then confirms a reversal only after 3 consecutive bars below or above the reversal boundary. This multi-step confirmation is conceived to reduce false signals. Dual Signal Output Red down-triangles appear above the price when upward momentum has potentially been lost after an RSI climb. Green up-triangles appear below the price when downward momentum has potentially reversed after an RSI drop. --------------------------------------------------------- HOW IT WORKS Sell Signal Red Triangle Down RSI crosses above the dynamic start level typically between 60 and 80. The indicator begins tracking upward progression in 2-point boxes. When RSI falls back by 2 boxes and remains below the boundary for 3 confirmed bars, a red triangle prints above the high of that bar (signaling a potential short entry). Buy Signal Green Triangle Up RSI crosses below the dynamic start level typically between 20 and 40. The indicator begins tracking downward progression in 2-point boxes. When RSI rises back by 2 boxes and remains above the boundary for 3 confirmed bars, a green triangle prints below the low of that bar (signaling a potential long entry). Reset Mechanism Both buy and sell episodes reset when RSI returns to the 50 level. This is intended to prevent stale signals and force the indicator to track active momentum phases only. --------------------------------------------------------- POTENTIAL USE CASE This indicator is built exclusively for 15-minute charts. It combines the stability of 1-hour RSI with the responsiveness needed for intraday swing trades. It is intended to catch momentum exits and early reversal entries in both trending and ranging markets. --------------------------------------------------------- TECHNICAL SPECIFICATIONS Chart Timeframe: 15 minutes only RSI Source 1 hour 14-period RSI Box Size 2 RSI points (ladder up or down) Reversal Requirement 2 boxes Confirmation Bars: 3 consecutive bars after reversal in ladder scheme Reset Level 50 RSI neutral zone Dynamic Range 60 to 80 for sells and 20 to 40 for buys --------------------------------------------------------- IMPORTANT NOTES Signals do not repaint. All logic executes on confirmed bars only using "barstate.isconfirmed" checks. Higher timeframe RSI is fetched with lookahead off to prevent future data leakage. This indicator is designed for scalping. Combine with support and resistance levels, price action, and your own analysis before trading potential setups suggested by the indicator. This indicator is for educational purposes only. It does not constitute financial advice. Past performance does not guarantee future results. Always perform your own analysis before trading.
Pine Script® indicator
by SwissAlgo
Trendoman Indicator Trendoman "Trading Signals" indicator This is our first indicator that will give signals for buying and selling (With the possibility of setting (Alert). The indicator is optimized for the senior TF (1D and 4h). Signals are given automatically after the closing of the candle. This indicator combines oscillators (Stochastic, RSI, MACD), adds EMA (50,100,200) to determine the local and medium-term trend, and adds certain conditions (Formulas) to determine entry points and signal generation. This is the first version of the indicator, and it will be improved and updated. This indicator is provided for informational purposes only. Индикатор Trendoman "Торговые сигналы" What does it do and how to use it? This script was written for me, so I made it for my main timeframe, which is 1D. This is the timeframe I tested it on (Russian and US stock market) When adding the indicator to the chart, open the daily timeframe (1D). What will we see? ⚫️BUY or SELL signals on the chart. They appear after the closing of the trading day candlestick, therefore, as soon as you see this signal, you can open a trade (In the settings, you can use (Alert Notification) so that when the signal appears, a notification is triggered on a specific instrument. ⚫️Notification preparation "Prep" on the chart. THIS IS NOT A SIGNAL, it is a regular notification when the price enters the overbought or oversold zone. We use this to set Take-Profit and Stop-lose, as well as to understand that it is dangerous to buy in the overbought zone, and to sell in the oversold zone. If you do not need them, you can disable them in the settings. ⚫️The line in the middle. This is a moving average, which shows the direction of the trend (In the settings Stop-lose and Take-Profit Trying to build into this indicator the ability to automatically set Stop-lose and Take-Profit did not lead to anything. The main problems are completely different situations at the time of the signal (Mathematically it is not calculated). Have to count yourself. To set Stop-lose after the signal. 1. Look at the previous local minimum (If the signal is to buy or local maximum (If the signal is to sell). It can be the body of a candle, the shadow of a candle, or a specific level. The stop is always placed below this level, range, or local minimum or maximum. To set the Take-Profit after the signal is given. There are several options. 1. Mark the levels. Look at an important support or resistance range, fix part of the position at the level, and set the stop for the remainder at breakeven (Entry Price) 2. Make a risk of 1 to 1. If you do not define levels and markup well, then after changing the Stop-lose, you can put the first take on the same%. Example: Stop-lose и Take-Profit When you can't open a position EVEN if the indicator shows a signal. ⚫️ If the indicator shows a signal (BAY or SELL), and the signal candle or the previous one opens with a gap. CANCELLED SIGNAL. ⚫️ If the signal candle has a large impulse (down or up). It's very easy to check, take the last 10 candles, if it's higher than the average, it's better to skip this signal (long stop) ⚫️Illiquid instruments. The second and third echelons are often pumped by market participants. Indicators and candles do not work stably. Do not trade illiquid instruments using this indicator. Risk management. As noted above, it is impossible to calculate the exact Stop-lose and Take-Profit mathematically, as each situation is unique (levels, highs, lows, slopes, etc. differ). If you see that your Take-Profit is less than your Stop-lose, it is best to ignore such a trade (depending on your risk tolerance). Try to open trades where the Take-Profit is greater than the Stop-lose.
Pine Script® indicator
by TrendoBIT
13
Sessions [Trade Tribe HQ]Color-coded session ranges with ADR% labels to help you trade smarter, not harder. This tool marks New York, London, Tokyo, and Sydney sessions, showing their ranges, highs/lows, VWAPs, and ADR%. 🔹 Key Features Colored session boxes (NY, London, Tokyo, Sydney) Session highs & lows, VWAP, and trendlines Dashboard showing active sessions, volume, and %ADR ADR% labels at session close 🔹 How It Helps Spot session traps, moves, and reversals faster Manage expectations using ADR% (no chasing over-extended moves) Identify overlap zones (London → NY) for volatility spikes Simplify cycle tracking across global markets Market Sessions Marker—making it easy to see where the energy has been spent and where opportunity is building next. Created with ❤️ by TraderChick – part of the Trade Tribe HQ community. If you found this tool useful, check out my profile for more strategies, classes, and resources.
Pine Script® indicator
by EricaLorrai
BBB INDICATOR — Big Ben Breakout (Indices) BBB INDICATOR — Big Ben Breakout Strategy (XAUUSD & Indices) The BBB Indicator implements a refined London Breakout methodology for major indices (US100, US30, US500). It automatically draws the Asian session range and signals valid breakouts after London open, providing Entry, TP, and SL levels. Key Features: • Auto Asian session box (UTC+3 default) • London open breakout detection • TP/SL lines with R:R = 1:1.5 • Optional strong-break filters (Body %, ATR check) • Clear BUY/SELL arrows + alerts This is an **Invite-Only Script**. 👉 To request free trial access, click "Request Access" or send me your TradingView username via Telegram: **https://t.me/BBBindicator** ────────────────────────────────────────── مؤشر BBB — استراتيجية Big Ben Breakout (االمؤشرات) مؤشر BBB يطبّق منهجية اختراق لندن (Big Ben Breakout) المؤشرات الأمريكية (ناسداك US100، داوجونز US30، S&P500). يقوم تلقائيًا برسم نطاق الجلسة الآسيوية ثم يعطي إشارات اختراق صحيحة بعد افتتاح لندن مع مستويات دخول و TP/SL واضحة. أهم المزايا: • صندوق الجلسة الآسيوية (UTC+3) • منطق اختراق افتتاح لندن • خطوط TP/SL بنسبة R:R = 1:1.5 • فلاتر اختراق قوي اختيارية (نسبة جسم الشمعة، ATR) • أسهم BUY/SELL مرئية + تنبيهات هذا المؤشر **Invite-Only**. 👉 لطلب تجربة مجانية، اضغط "Request Access" أو ابعتلي اسمك على TradingView عبر تيليجرام: **https://t.me/BBBindicator**
Pine Script® indicator
by BBB_indicator
Bekas BASIC IndicatorBekas BASIC Indicator combines dynamic trend-following and support/resistance techniques: 🔹 Dual Moving Averages (user-selectable type: SMA, EMA, WMA, HMA): - Fast MA (default: 10) - Slow MA (default: 50) - Generates Buy/Sell signals on crossovers with optional volume confirmation. 🔹 Volume Filter: - Only triggers signals when volume exceeds the average by a user-defined multiple. 🔹 Pivot-Based Support & Resistance: - Detects recent swing highs/lows (default lookback: 10 bars). - Draws horizontal purple lines as potential support/resistance zones. 🔹 Diagonal Trendlines: - Draws lines from recent pivot high/low to current price. - Shows evolving short-term uptrend/downtrend visually. 🔹 Alerts: - Configurable alerts for Buy/Sell signals based on crossover + volume. Ideal for spotting early trend shifts, bounce zones, and breakout opportunities.
Pine Script® indicator
by bekas_ioannis_1996
Regression lines - JarassDouble Linear Regression Ultimate + MA Ribbon (DLRC + MA) The DLRC + MA indicator is an advanced technical analysis tool that combines double linear regression channels with a moving average ribbon (MA Ribbon). Designed for traders who want to simultaneously track trend, volatility, and potential support/resistance levels. Key Features: 1. Double Linear Regression Channels: • Inner Channel – shorter period, more sensitive to recent price movements. • Outer Channel – longer period, reflects the long-term trend. • Both channels display upper and lower boundaries and a midline. • Optional logarithmic scale for price adjustment. • Real-time R² values to assess regression accuracy. 2. MA Ribbon: • Up to 4 different moving averages simultaneously. • Supports SMA, EMA, SMMA (RMA), WMA, VWMA. • Each MA can be individually enabled/disabled, with customizable period, source, and color. • Helps identify trend direction and dynamic support/resistance levels. 3. Visualization: • Channels are filled with semi-transparent colors for clarity. • Midline for quick trend direction assessment. • Label displays R² values of the channels in real time. 4. Suitable For: • Short-term and long-term traders seeking a combination of linear regression analysis and classic trend-following tools. • Useful for identifying overbought/oversold zones and potential trend reversal points. Summary: DLRC + MA combines statistical precision of linear regression with intuitive trend visualization via a MA ribbon. It provides quick insight into market direction, volatility, and potential turning points, all in one chart overlay.
Pine Script® indicator
by Jarass1080
1
LBR 3/10 'Sardine' Oscillator (ATR-Normalized)LBR 3/10 Oscillator - Short-Term Momentum Indicator The LBR 3/10 "Sardine" Oscillator is a short-term momentum indicator developed by Linda Bradford Raschke. This ATR-normalized version provides cross-market comparability and consistent extreme levels across all timeframes and asset classes. What is the LBR 3/10 Oscillator? The LBR 3/10 is designed to capture very short-term momentum shifts by measuring the difference between a 3-period and 10-period moving average. Named after Linda Bradford Raschke's "Trading Sardines" book, this oscillator excels at identifying rapid momentum changes and potential reversal points. Formula: / ATR(10) × 100 Where MA can be either Simple Moving Average (SMA) or Exponential Moving Average (EMA). Why ATR Normalization? Problem with Traditional Oscillators: Traditional momentum oscillators produce values that vary dramatically across different markets and time periods. A reading of 5 might be extreme for one asset but insignificant for another. Solution: ATR normalization divides the raw momentum value by the Average True Range, creating standardized readings that are: Comparable Across Markets: Same interpretation whether analyzing stocks, forex, commodities, or crypto Comparable Across Time: Readings maintain consistent meaning regardless of price levels Universal Extreme Levels: The ±125 levels work consistently across all assets and timeframes Statistical Research Extensive statistical analysis across multiple markets identified the ±125 extreme levels: +125 Level: Reached approximately 4% of the time (extreme bullish momentum) -125 Level: Reached approximately 2% of the time (extreme bearish momentum) These statistically-validated levels provide objective definitions for overbought and oversold conditions, eliminating subjective interpretation. Key Features Core Components LBR 3/10 Line: Main oscillator showing normalized short-term momentum Signal Line: Smoothed moving average of the oscillator (default: 9-period) Extreme Levels: Horizontal lines at ±125 marking statistical extremes Zero Line: Separates bullish and bearish momentum regimes Visual Elements Blue Line: LBR 3/10 oscillator (main momentum line) Red Line: Signal line (smoothed moving average of oscillator) Fill Area: Light blue shaded region between oscillator and signal line Background Zones: Light red (overbought above +125) or light green (oversold below -125) Horizontal Lines: Gray dashed lines at +125, -125, and 0 (zero line solid) Divergence Markers: Green/red circles marking price/oscillator divergences Signal Crosses: Small green/red triangles marking oscillator/signal line crossovers Pullback Markers: Yellow diamond shapes with white "↑PB" or "↓PB" text for first pullback signals Std Dev Bands: Orange circles marking statistical extreme levels (optional, disabled by default) Advanced Features MA Type Selection: Choose between SMA or EMA for both oscillator and signal line Standard Deviation Bands: Optional adaptive extreme levels based on statistical volatility Pullback Detection: Identifies high-probability counter-trend entries during established trends First Pullback Filter: Noise reduction system that highlights initial pullback after trend change Trading Applications 1. Extreme Level Reversals When the oscillator reaches ±125, it indicates stretched momentum conditions: Above +125: Overbought - watch for bearish reversal signals Below -125: Oversold - watch for bullish reversal signals 2. Signal Line Crossovers Bullish Cross: Oscillator crosses above signal line (momentum shift up) Bearish Cross: Oscillator crosses below signal line (momentum shift down) 3. Zero Line Crosses Signal line crossing zero indicates trend regime changes: Cross Above 0: Transition to bullish trend Cross Below 0: Transition to bearish trend 4. Divergence Trading Bullish Divergence: Price makes lower low, oscillator makes higher low Bearish Divergence: Price makes higher high, oscillator makes lower high Best used in combination with other momentum indicators for confirmation 5. Pullback Strategy (High-Probability Setup) Uptrend Pullback: Signal line positive + oscillator crosses below (buy opportunity) Downtrend Pullback: Signal line negative + oscillator crosses above (sell opportunity) First Pullback: Initial counter-trend signal after trend change (highest probability) 6. "Anti" Setup Linda Bradford Raschke's classic setup: Wait for extreme reading (±125) Enter on first pullback signal in opposite direction Captures momentum exhaustion reversals Comprehensive Alert System Extreme Level Alerts Crossed above +125 (overbought) Crossed below -125 (oversold) Divergence Alerts Bullish divergence detected Bearish divergence detected Signal Cross Alerts Bullish cross (oscillator above signal) Bearish cross (oscillator below signal) Trend Change Alerts Signal line crossed above zero (trend change to bullish) Signal line crossed below zero (trend change to bearish) Pullback Alerts Pullback in uptrend (potential buy) Pullback in downtrend (potential sell) FIRST pullback in uptrend (high-probability buy) FIRST pullback in downtrend (high-probability sell) Settings & Parameters LBR 3/10 Settings Fast MA Length: Short-term period (default: 3) Slow MA Length: Baseline period (default: 10) ATR Length: Volatility normalization period (default: 10) MA Type: SMA or EMA selection Extreme High Level: Overbought threshold (default: 125) Extreme Low Level: Oversold threshold (default: -125) Signal Line Show Signal Line: Enable/disable display (default: true) Signal Line Length: Smoothing period (default: 9) Divergence Detection Show Divergences: Enable/disable detection (default: true) Divergence Lookback: Pivot detection period (default: 5) Standard Deviation Bands Show Std Dev Bands: Enable/disable adaptive levels (default: false) Std Dev Multiplier: Band width adjustment (default: 1.5) Std Dev Length: Calculation period (default: 100) Best Practices Trending Markets Focus on pullback signals in direction of trend Use first pullback filter for highest-probability entries Watch for extreme levels as profit-taking zones Ranging Markets Trade reversals at extreme levels (±125) Use divergences with additional momentum indicator confirmation Avoid signal line crosses near zero (low-quality signals) Multi-Timeframe Analysis Higher timeframe: Identify trend direction (signal line above/below zero) Lower timeframe: Time precise entries using pullback signals Confirmation: Use additional momentum indicators for signal validation Risk Management Reduce position size at extreme levels (increased reversal risk) Use ATR-based stops (e.g., 2× ATR from entry) Exit on opposite extreme level or signal line zero cross Chart Legend - Visual Signal Guide Lines and Fills 🔵 Blue Line: LBR 3/10 oscillator value 🔴 Red Line: Signal line (9-period MA of oscillator) 💠 Light Blue Fill: Area between oscillator and signal line (visual momentum gauge) Background Colors 🟥 Light Red Background: Extreme overbought zone (LBR > +125) 🟩 Light Green Background: Extreme oversold zone (LBR < -125) Horizontal Reference Lines ➖ +125 (Gray Dashed): Overbought extreme level ➖ 0 (Gray Solid): Zero line - trend separator ➖ -125 (Gray Dashed): Oversold extreme level Signal Markers 🟢 Green Circle: Bullish divergence detected (price lower low, oscillator higher low) 🔴 Red Circle: Bearish divergence detected (price higher high, oscillator lower high) ▲ Green Triangle Up: Bullish signal cross (oscillator crosses above signal line) ▼ Red Triangle Down: Bearish signal cross (oscillator crosses below signal line) Yellow Diamond "↑PB": First pullback in uptrend (high-probability buy setup) Yellow Diamond "↓PB": First pullback in downtrend (high-probability sell setup) Combining with MACD-V+ Indicator LBR 3/10 and MACD-V+ work together as a powerful two-timeframe momentum system: Indicator Roles MACD-V+: Strategic direction (12-26 period) - identifies market regime and lifecycle state LBR 3/10: Tactical timing (3-10 period) - pinpoints precise entry and exit moments Key Principles Strategic Filter: MACD-V+ determines IF you should trade (market regime) Tactical Timing: LBR 3/10 determines WHEN to enter (precise timing) Confirmation Reduces Risk: Trade only when both indicators agree Respect Lifecycle Changes: Exit when MACD-V+ state changes against your position Methodology The LBR 3/10 indicator implements statistical analysis and volatility normalization techniques to create a universal short-term momentum tool. This approach enables consistent interpretation across all markets and timeframes. The indicator implements: ATR-based normalization for cross-market comparability Statistical extreme level validation (±125 levels) Noise reduction through first pullback filtering Dual MA type support (SMA/EMA) for flexibility Standard deviation bands for adaptive threshold levels LBR 3/10 provides traders with a precise tool for short-term momentum analysis and tactical entry timing. Combined with proper risk management and multi-timeframe analysis, it offers objective signals for both trend-following and reversal trading strategies. This indicator is designed for educational and analytical purposes. Past performance does not guarantee future results. Always conduct thorough research and consider consulting with financial professionals before making investment decisions.
Pine Script® indicator
by audrius_exe