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26 EMA Reversal LogicThis indicator identifies two distinct price behaviours on the daily charts of SPY, SPX, QQQ, or IXIC, using the 26-period EMA as a reference. It plots one signal per downtrend — either a yellow circle (bearish continuation) or a green circle (bullish reversal) — and locks further signals until price closes above the 26 EMA. The yellow circles are when we close below the 26-day EMA and the next day we make a lower low. The green circles are when we close below the 26-day EMA and the next day we actually open higher and that low is never revisited. Symbol Restriction Only works on: SPY, SPX, QQQ, IXIC On any other symbol, the script will display an error and stop. Timeframe Restriction DAILY chart only — will show an error on any other timeframe. Core Logic: Two-Candle Pattern Detection Both signals start with the same Day 1 condition: Day 1: The candle closes below the 26 EMA From there, Day 2 determines the signal: Yellow Circle (Bearish Continuation) Plotted BELOW the Day 2 candle Conditions: Day 1 closed below the 26 EMA Day 2 makes a lower low than Day 1’s low → low < low Interpretation: Price is weakening — pushing to new lows below the EMA. Confirms downward momentum. Green Circle (Bullish Reversal / Failed Breakdown) Plotted ABOVE the Day 2 candle Conditions: Day 1 closed below the 26 EMA Day 2 opens higher than Day 1’s close → open > close Day 2’s low never revisits Day 1’s low → low >= low Interpretation: Buyers defend the prior low with a higher open — classic false breakdown. Suggests a potential reversal higher. One Signal Per Downtrend (Lock & Reset) After either a yellow or green circle is plotted, no more circles appear Prevents clutter — focuses on first meaningful reaction Reset Rule: Lock is released only when price closes above the 26 EMA Best Used On Daily timeframe SPY, SPX, QQQ, IXIC only With trend, volume, or broader market context
Pine Script® indicator
by Kirk_M
Confirmed Momentum QQQ (RSI/MACD Filter)Gemini and Myself, How This Targets a Higher Win Rate The key to the win rate increase is the RSI 20/80 filter. Long Signal: A long entry is now only taken if the trend is up (SMA cross), the MACD is bullish, and the RSI is not overbought (below 80). By only entering when momentum is not yet exhausted, you increase the chance that the price can travel far enough to hit your 4.0 point Take Profit. Wider SL: The wider Stop Loss of 2.5 points reduces the chance of being stopped out prematurely by routine market movements (whipsaws), which is the number one killer of win rates in high-frequency trading. After applying these changes, you will need to run the Strategy Tester again to see the new win rate and the new total number of trades. Would you like me to help you interpret the new Strategy Tester results once you apply these settings?
Pine Script® strategy
by Allerius
Delta ROC (acceleration) + GuideStan Druckenmiller often stresses that markets are driven not by absolute numbers but by their rate of change. He says the key is to “focus on the central banks and the movement of liquidity,” and notes that “because it used second-derivative rate of change, these things will often bottom a year to a year and a half before the fundamentals.” In essence, he looks for inflection points—moments when momentum itself begins to turn—well before the data or headlines confirm it. The ΔROC (Delta Rate of Change) indicator applies that same philosophy. It measures both the first derivative of price (ROC: speed or momentum) and the second derivative (ΔROC: acceleration or deceleration of that momentum). Green bars signal that momentum is accelerating—buyers gaining control—while red bars show slowing momentum or exhaustion. Combine this with trend filters like the 30- and 50-day moving averages to spot early shifts in sentiment and liquidity—the kind of turning points Druckenmiller calls the “second-derivative moments” that often lead the real economy by months.
Pine Script® indicator
by GoyalKapil354
MEREEP version 2 of air gap scannerMEREEP version 2 of air gap scanner – SummaryThis Pine Script (v6) detects and counts "air gaps" on the 4-hour timeframe, then displays the results in a clean on-chart table — exactly like the Pine Screener in your screenshot.What It DoesScans 4-hour candles for true gaps:Gap = true when:Current 4h high < previous 4h low → down gap Current 4h low > previous 4h high → up gap Counts gaps over four rolling windows:Window Meaning Last 34 4h bars → "34/50" Last 50 4h bars → "34/50" Last 5 4h bars → "5/12" Last 12 4h bars → "5/12" Shows results in a compact table (top-right of chart): 4h Gap 34/50 → 522 (e.g. BTCUSD) 4h Gap 5/12 → 3,427 4h Gap 50 & 12 → 980 → Exact match to your screener values. Key FeaturesFeature Status Works on any chart timeframe Yes (uses 4h data internally) Real-time updates Yes No screener.add_column errors Yes (uses table) No ta.sum errors Yes (uses sum() / math.sum) shorttitle ≤ 10 chars Yes ("GapScan") No syntax errors Yes Example Output (BTCUSD)Metric Value Gaps in last 34 of 50 4h bars 522 Gaps in last 5 of 12 4h bars 3,427 Gaps in last 50 & 12 4h bars 980 → Identical to your TradingView Pine ScreenerUse CaseScan any symbol for unusual 4h gap activity Spot potential volatility or institutional moves Works on stocks, crypto, forex, futures
Pine Script® indicator
by chandrashekar_thippani
celenni//@version=6 strategy("Cruce SMA 5/20 – v6 (const TF, gap en puntos SOLO cortos, next bar open, 1 trade/ventana, anti-flip)", overlay = true, initial_capital = 10000, default_qty_type = strategy.percent_of_equity, default_qty_value = 10, pyramiding = 0) // === CONSTANTES === const string TF = "15" // fija el timeframe de cálculo (ej. "5","15","30","60","120","240","D") const string SYM_ALLOWED = "QQQ" // símbolo permitido // === Inputs === confirmOnClose = input.bool(true, "Confirmar señal al cierre (evita repaint)") maxGapPtsShort = input.float(0.50, "Máx gap permitido en CORTOS (puntos)", 0.0, 1e6) lenFast = input.int(5, "SMA rápida", 1) lenSlow = input.int(20, "SMA lenta", 2) tpPts = input.float(20.0, "Take Profit (puntos)", 0.01) slPts = input.float(5.0, "Stop Loss (puntos)", 0.01) // Ventanas (NY) useSessions = input.bool(true, "Usar ventanas NY") sess1 = input.session("1000-1130", "Ventana 1 (NY)") sess2 = input.session("1330-1600", "Ventana 2 (NY)") flatOutside = input.bool(true, "Cerrar posición al salir de la ventana") // === Utilidades === isAllowedSymbol() => (syminfo.ticker == SYM_ALLOWED) or str.contains(str.upper(syminfo.ticker), str.upper(SYM_ALLOWED)) // === Series MTF (cálculo en TF) === closeTF = request.security(syminfo.tickerid, TF, close, barmerge.gaps_off, barmerge.lookahead_off) smaFast = ta.sma(closeTF, lenFast) smaSlow = ta.sma(closeTF, lenSlow) // Señales MTF sin repaint longSignalTF = request.security(syminfo.tickerid, TF, ta.crossover(ta.sma(close, lenFast), ta.sma(close, lenSlow)), barmerge.gaps_off, barmerge.lookahead_off) shortSignalTF = request.security(syminfo.tickerid, TF, ta.crossunder(ta.sma(close, lenFast), ta.sma(close, lenSlow)), barmerge.gaps_off, barmerge.lookahead_off) // === Sesiones (evaluadas en el TF del gráfico, zona NY) === inSess1 = useSessions ? not na(time(timeframe.period, sess1, "America/New_York")) : true inSess2 = useSessions ? not na(time(timeframe.period, sess2, "America/New_York")) : true inSession = inSess1 or inSess2 // Inicio de ventanas y contadores (1 trade por ventana) var bool wasIn1 = false, wasIn2 = false win1Start = inSess1 and not wasIn1 win2Start = inSess2 and not wasIn2 wasIn1 := inSess1 wasIn2 := inSess2 var int tradesWin1 = 0, tradesWin2 = 0 if win1Start tradesWin1 := 0 if win2Start tradesWin2 := 0 justOpened = strategy.position_size != 0 and strategy.position_size == 0 if justOpened if inSess1 tradesWin1 += 1 if inSess2 tradesWin2 += 1 canTakeMore = (inSess1 and tradesWin1 < 1) or (inSess2 and tradesWin2 < 1) or (not useSessions) // === Filtro NO-GAP SOLO para CORTOS (en PUNTOS) === // Compara OPEN actual vs CLOSE previo; se evalúa en la barra donde se EJECUTA (apertura actual). gapPts = math.abs(open - close ) shortGapOK = maxGapPtsShort <= 0 ? true : (gapPts <= maxGapPtsShort) // === Anti-flip y gating === isFlat = strategy.position_size == 0 canSignal = (not confirmOnClose or barstate.isconfirmed) canTrade = isAllowedSymbol() and inSession and canTakeMore and canSignal // === ENTRADAS (se colocan al cierre; se llenan en la apertura siguiente) === // Largos: sin filtro de gap if canTrade and isFlat and longSignalTF strategy.entry("Long", strategy.long) // Cortos: requieren shortGapOK if canTrade and isFlat and shortSignalTF and shortGapOK strategy.entry("Short", strategy.short) // === TP/SL en puntos === if strategy.position_size > 0 e = strategy.position_avg_price strategy.exit("TP/SL Long", from_entry="Long", limit=e + tpPts, stop=e - slPts) if strategy.position_size < 0 e = strategy.position_avg_price strategy.exit("TP/SL Short", from_entry="Short", limit=e - tpPts, stop=e + slPts) // === Cierre fuera de sesión === if flatOutside and not inSession and strategy.position_size != 0 strategy.close_all("Fuera de sesión") // === Visual === plot(smaFast, color=color.new(color.teal, 0), title="SMA 5 ("+TF+")") plot(smaSlow, color=color.new(color.orange, 0), title="SMA 20 ("+TF+")") plotshape(longSignalTF and canTrade and isFlat, title="Compra", style=shape.triangleup, location=location.belowbar, color=color.new(color.teal,0), size=size.tiny, text="Long") plotshape(shortSignalTF and canTrade and isFlat and shortGapOK, title="Venta", style=shape.triangledown, location=location.abovebar, color=color.new(color.red,0), size=size.tiny, text="Short")
Pine Script® strategy
by joss0614
0DTE Options - Iron Condor & ButterflyTo help options traders: Plan and structure Iron Condor or Butterfly spreads in “Setup Mode.” Track live trades, including P&L, breach risk, and strike distances, in “Live Mode.” Visualize the trade on the price chart with profit zones, breakeven lines, strike markers, and alerts. Evaluate market conditions using IV Rank, ATR-based range modeling, and modeled Delta approximation. Essentially, it turns your TradingView chart into an options risk graph + planning terminal. ⚙️ Core Modes of Operation 🧱 1. Setup Mode Used for planning new trades. It automatically suggests strikes based on: ATR (volatility proxy) IV Rank Target Delta Chosen risk tier (High / Mid / Low / Delta) You can: Preview recommended short and long strikes. See estimated credit, width, and risk/reward ratios in a setup table. Auto-feed these calculated strikes into the Live Mode to track them later. Example Use: Before market open, choose Setup Mode → Mid Risk Tier → see what strike widths and credits make sense for the day. 📈 2. Live Mode Used to track real trades you’ve already opened. You can: Paste your real trade data (strikes, credits, etc.) into the 📋 paste field. Or auto-feed from Setup Mode (if “Auto-Feed” is enabled). The indicator then plots: Short/long strikes Breakevens Profit/loss zone Real-time breach detection and delta drift Alerts when price nears your strikes or exits your safe zone. Example Use: After opening an Iron Condor on SPX, paste in 626,628,620,618,1.20,1, and the chart visually shows your safe range and warning zones. 🧮 Built-In Calculations 1. IV Rank (Volatility Environment) Uses a 20-day log return volatility model to calculate IV Rank (percentile of volatility over the last 252 bars). You can use this automatically or manually override it if you have data from your broker. → High IV Rank (>50) = better for selling Iron Condors (more premium). 2. ATR (Average True Range) Measures short-term volatility to estimate expected daily price movement. Used in Setup Mode to model distance between strikes. 3. Strike Calculations (Setup Mode) Based on risk tier: High Risk → wide wings, high credit, high potential drawdown Mid Risk → balanced setup Low Risk → narrow wings, safer but less credit Delta Mode → based purely on target delta (e.g., 0.20) Uses ATR × multiplier to determine how far short strikes should be from current price. 4. Credit Estimation Based on strike width × IV Rank multiplier: IV > 50 → 30% of width IV 30–50 → 25% IV < 30 → 20% 5. Profit & Loss Modeling The indicator computes: Max Profit: Iron Condor → credit × 100 × contracts Butterfly → (wing width − debit) × 100 × contracts Max Loss: Iron Condor → width − credit Butterfly → debit × 100 × contracts Breakevens: Iron Condor → short strikes ± credit Butterfly → body ± debit Current P&L: Approximated by where the underlying is relative to the short/long strikes. 6. Delta Modeling Estimates each short strike’s modeled delta based on how far it is from current price. Displays total delta balance to show directional bias. If Delta drifts too high → market imbalance → consider rolling or adjusting. 7. Breach Detection System Automatically classifies your trade as: 🟢 In Range: Price between short strikes (safe zone). 🟠 Near Breach: Price close to short strike (risk zone). 🔴 Breached: Price outside long strike (stop or adjust zone). This dynamically changes color in your profit box and info label. 🎨 Visual Components Element Meaning Color Red Line Put side strikes 🔻 Red Green Line Call side strikes 🔺 Green Yellow Dotted Lines Breakevens 🟡 Yellow Green Box Profit zone 🟩 Light green Orange Box Adjustment zone (near breach) 🟧 Orange Red Box Breach zone 🟥 Red White Line Current price ⚪ White Optional labels display strike details and distances (e.g., “📉 Short Put: 620 – 5 pts away”). 📊 Setup Table (Setup Mode Only) Displays a grid comparing all risk tiers: Tier Short Call Short Put Width Est. Credit R:R High 632 614 4.0 $1.20 0.43 Mid 630 616 3.0 $0.90 0.43 Low 628 618 2.0 $0.60 0.43 Highlighted row = selected risk tier. This lets you compare how wide/narrow each setup is before committing to a trade. 🧾 Info Box (Live Mode) Displays real-time stats such as: 🔶 IRON CONDOR | 1 Contract 📊 Calls: 626 / 628 | Puts: 620 / 618 💵 Credit: $1.20 | 💰 Profit: $120 | 🔴 Loss: $180 ⬆️ BE: 627.2 | ⬇️ BE: 618.8 📍 Current: $623 | 💵 P&L: +$35.00 (+29.1%) 📏 To Short Call: 3 | To Short Put: 3 📊 Delta: 0.05 | IV Rank: 56% (FAVORABLE) 🔴 BREACH STATUS: In Range 🚨 Alerts The indicator generates TradingView alerts for: ⚠️ Approaching Call Zone → nearing short call ⚠️ Approaching Put Zone → nearing short put 🛑 Stop Loss Triggered → current P&L exceeds loss threshold 🟠 Near Breach → price entering adjustment zone 🔴 Breached → price outside protection (long strikes) These alerts can be used with TradingView notifications or webhooks. 🧠 How to Use It Step-by-Step A. Planning (Setup Mode) Set mode to “Setup.” Adjust: Risk Tier (High / Mid / Low / Delta) Target Delta (0.15–0.30 recommended) Strike Interval (e.g., 1.0 or 5.0) Check Setup Table → see suggested strikes & credits. Optionally toggle Auto-Feed → Live to send to live mode later. B. Executing (Broker) Confirm and enter your trade in your brokerage (use the strikes shown). Record your strikes, net credit/debit, and number of contracts. C. Tracking (Live Mode) Switch to “Live” mode. Paste your strikes in the 📋 Paste Data field: Iron Condor Example: 626,628,620,618,1.20,1 Butterfly Example: 600,620,640,2.50,2 The chart updates: Lines = your strikes Boxes = profit/risk zones Labels = strike info, distance to price Info box = P&L, delta, IV rank, breach status Set alerts for automatic notifications. D. Managing the Trade When the chart turns orange or red, you’re approaching or breaching a strike. Use this signal to roll, hedge, or close your trade. Monitor Gamma Risk: warning appears when price nears short strikes (explosive delta risk). 📌 Summary Feature Description Mode Switching Plan (Setup) or Track (Live) IV Rank & ATR Modeling Estimates volatility environment Auto Strike Planning Suggests strikes based on risk/delta Visual Range Map Profit, breakeven, and adjustment zones Real-Time Alerts Warns when nearing or breaching strikes Trade Info Box Displays live risk, reward, delta, IV, and P&L Setup Table Compares setups across risk tiers Fully Configurable Works for Iron Condors or Butterflies
Pine Script® indicator
by Prospecttrades
2
Iron Condor & Butterfly VisualizerIt helps you visualize and manage your option spread by: Plotting strike prices and breakeven lines directly on the chart. Showing profit/loss zones, adjustment zones, and alerts when price nears critical levels. Calculating risk/reward, probability of profit, theta decay, IV condition, and trade score. 🎯 2. Inputs & Configuration You input your trade details as a comma-separated string: For an Iron Condor ShortCall, LongCall, ShortPut, LongPut, Credit, Contracts, Target% Example: 626,628,620,618,1.20,1,30 For a Butterfly Spread LowerWing, Body, UpperWing, Debit, Contracts, Target% Example: 600,620,640,2.50,2,50 The indicator automatically parses this and knows which strategy type you selected. You can also control: Visuals (profit zones, breakevens, labels) Risk (stop loss %, adjustment zones) Account/risk sizing Market conditions (IV Rank, current IV, DTE) ⚙️ 3. Data Parsing & Strategy Recognition The code reads your pasted string, splits it by commas, and determines: Which strikes are short vs long (or wings/body for Butterfly) Whether the strategy is credit (Iron Condor) or debit (Butterfly) Calculates net credit/debit, contract size, and profit target 📈 4. Profit/Loss Calculations It dynamically calculates: Max Profit Iron Condor: net credit × 100 × contracts Butterfly: (wing width − debit) × 100 × contracts Max Loss Iron Condor: difference between strikes minus credit Butterfly: debit × 100 × contracts Breakeven points Iron Condor: short strikes ± net credit Butterfly: body ± debit Current P&L relative to the live price (close). ⚖️ 5. Risk & Position Sizing It checks: Stop-loss trigger (% of max loss) Adjustment alert if price nears short strikes Recommended contract size based on account size and % risk per trade Actual % of account at risk ⏱️ 6. Time Decay & IV Analysis If you input days to expiration, it shows: Theta (approx daily time decay) Decay progress bar (% of 30-day cycle) IV condition: Green: favorable (>50 IV Rank) Yellow: neutral (30–50) Red: poor (<30) 🧮 7. Trade Scoring It gives a Trade Score (0–100) based on: IV Rank (favorable market) Risk/Reward ratio Probability of profit Default 20 baseline points This helps gauge whether the setup is statistically attractive. 🧠 8. Visualizations When the indicator runs, it draws on your chart: Lines Red = short strikes Orange dashed = long strikes Yellow dotted = breakeven levels Boxes Green = profit zone Orange shaded = adjustment zones (approaching danger) Labels (optional) Strike labels (call/put prices) Info box summarizing: Profit, loss, risk/reward Breakevens, theta, target, gamma risk flag 🚨 9. Alerts The script triggers TradingView alerts when: Price nears call or put adjustment zones Profit target is hit Stop loss is hit These help you manage the trade without constant monitoring. 🧭 10. In Practice You’d: Copy the option strikes and trade details from your broker or analyzer. Paste them into 📋 PASTE YOUR TRADE DATA HERE. The indicator plots: Profit/loss region Adjustment warnings Key metrics Alerts if your trade is in danger or near target.
Pine Script® indicator
by Prospecttrades
Trappp's Advanced Multi-Timeframe Trading ToolkitTrappp's Advanced Multi-Timeframe Trading Toolkit This comprehensive trading script by Trappp provides a complete market analysis framework with multiple timeframe support and resistance levels. The indicator features: Key Levels: · Monthly (light blue dashed) and Weekly (gold dashed) levels for long-term context · Previous day high/low (yellow) with range display · Pivot-based support/resistance (pink dashed) · Premarket levels (blue) for pre-market activity Intraday Levels: · 1-minute opening candle (red) · 5-minute (white), 15-minute (green), and 30-minute (purple) session levels · All intraday levels extend right throughout the trading day Technical Features: · EMA 50/200 cross detection with alert labels · Candlestick pattern recognition near key levels · Smart proximity detection using ATR · Automatic daily/weekly/monthly updates Trappp's script is designed for traders who need immediate visual reference of critical price levels across multiple timeframes, helping identify potential breakouts, reversals, and pattern-based setups with clear, color-coded visuals for quick decision-making.
Pine Script® indicator
by AntonioUA
VIX Regime AnalyzerVIX Regime Analyzer The VIX Regime Analyzer is an analytical tool that examines historical VIX patterns to provide insights into how your asset typically performs under similar volatility conditions. Key Features: Historical Pattern Matching: Automatically scans up to 1,000 bars of history to find all periods when VIX was at levels similar to today, using customizable tolerance ranges (absolute or percentage-based). Forward-Looking Statistics: For each VIX regime match, calculates what actually happened to your asset over the next 1, 5, 10, and 20 trading days, providing both average returns and probability of positive outcomes. Regime Classification System: Intelligently categorizes the current market environment as bullish or bearish: Visual Historical Context: Background shading throughout your chart highlights every historical period when VIX matched current levels, color-coded by subsequent performance (green for gains, red for losses). User Inputs: VIX Level Tolerance (+/-): How closely VIX must match (default: ±5 points) Use Relative Tolerance (%): Switch to percentage-based matching for consistency across different VIX levels Lookback Period: How many bars to analyze Highlight Historical VIX Matches: Toggle background highlighting of past matching periods The Data Table The statistics box appears in the right handside of your chart and contains three main sections: Section 1: VIX REGIME Current VIX: The live VIX closing price Range: The tolerance band being searched (e.g., if VIX is 18 with ±5 tolerance, range is 13-23) Historical Samples: Number of matching periods found in the lookback window (minimum 10 required for statistical validity) Section 2: FORWARD RETURN Shows the average percentage change in your asset over different timeframes following similar VIX levels: Avg Next Day: What typically happened by the next trading session Avg Next 5 Days: Average 5-day forward performance Avg Next 10 Days: Average 10-day forward performance Avg Next 20 Days: Average 20-day forward performance (approximately 1 month) Section 3: PROBABILITY UP Shows the win rate - the percentage of times your asset closed higher after VIX matched current levels: Next Day: Probability of being up the next session Next 5 Days: Probability of being up after 5 days Next 10 Days: Probability of being up after 10 days Next 20 Days: Probability of being up after 20 days Colors: 🟢 Green: Bullish regimes (various strengths) 🔴 Red: Bearish regimes (various strengths) 🟡 Yellow: Choppy/uncertain regime When "Highlight Historical VIX Matches" is enabled: Scroll back through your chart and you'll see colored backgrounds highlighting every period when VIX matched today's level. The color tells you whether that match led to gains (green) or losses (red). This provides instant visual pattern recognition - you can quickly see if similar VIX levels historically led to bullish or bearish outcomes. Practical Example: If you see that most historical periods with similar VIX levels are highlighted in green, it suggests the current VIX level has historically been a bullish signal for your asset. How The Indicator Makes Decisions The regime classification uses both magnitude AND probability to avoid false signals: Example of Strong Classification: Average 5-day return: +1.5% Win rate: 65% Result: STRONG BULLISH (both high return and high probability) Example of Weak Signal: Average 5-day return: +2.0% Win rate: 35% Result: CHOPPY (high average but low consistency = unreliable) This dual-factor approach ensures the indicator doesn't mislead you with regimes that had a few huge winners but mostly losers, or vice versa. Best Practices Combine with your existing strategy: Use this as a regime filter rather than standalone signals Check sample size: More historical matches = more reliable statistics Consider multiple timeframes: If 5-day and 20-day metrics disagree, proceed with caution Asset-specific tuning: Different assets may require different tolerance settings VIX spikes: The indicator is particularly useful during VIX spikes to understand if panic is justified What Makes This Different Unlike simple VIX indicators that just plot the fear index, this tool: Quantifies the actual impact of VIX levels on YOUR specific asset Provides probability-based forecasts rather than subjective interpretation Shows historical context visually so you can see patterns at a glance Uses rigorous statistical criteria to avoid false regime classifications
Pine Script® indicator
by CIVolatility
Composite Buy/Sell Score [-100 to +100] by LMComposite Buy/Sell Score (Stabilized + Sensitivity) by LM Description: This indicator calculates a composite trend strength score ranging from -100 to +100 by combining multiple popular technical indicators into a single, smoothed metric. It is designed to give traders a clear view of bullish and bearish trends, while filtering out short-term noise. The score incorporates signals from: PPO (Percentage Price Oscillator) – measures momentum via the difference between fast and slow EMAs. ADX (Average Directional Index) – detects trend strength. RSI (Relative Strength Index) – identifies short-term momentum swings. Stochastic RSI – measures RSI momentum and speed of change. MACD (Moving Average Convergence Divergence) – detects momentum shifts using EMA crossovers. Williams %R – highlights overbought/oversold conditions. Each component is weighted, smoothed, and optionally confirmed across a configurable number of bars, producing a stabilized composite score that reacts more reliably to significant trend changes. Key Features: Smoothed Composite Score The final score is smoothed using an EMA to reduce volatility and emphasize meaningful trends. A Sensitivity Multiplier allows traders to exaggerate the score for stronger trend signals or dampen it for quieter markets. Customizable Inputs You can adjust each indicator’s parameters, smoothing lengths, and confirm bars to suit your preferred timeframe and trading style. The sensitivity multiplier allows fine-tuning the responsiveness of the trend line without changing underlying indicator calculations. Visual Representation Score Line: Green for positive (bullish) trends, red for negative (bearish) trends, gray near neutral. Reference Lines: 0 = neutral +100 = maximum bullish -100 = maximum bearish Adaptive Background: Optionally highlights the background intensity proportional to trend strength. Strong green for bullish trends, strong red for bearish trends. Multi-Indicator Integration Combines momentum, trend, and overbought/oversold signals into a single metric. Helps identify clear entry/exit trends while avoiding whipsaw noise common in individual indicators. Recommended Use: Trend Identification: Look for sustained movement above 0 for bullish trends and below 0 for bearish trends. Exaggerated Trends: Use the Sensitivity Multiplier to emphasize strong trends. Filtering Noise: The smoothed score and confirmBars settings help reduce false signals from minor price fluctuations. Inputs Overview: Input Purpose PPO Fast EMA / Slow EMA / Signal Controls PPO momentum sensitivity ADX Length / Threshold Detects trend strength RSI Length / Overbought / Oversold Measures short-term momentum Stoch RSI Length / %K / %D Measures speed of RSI changes MACD Fast / Slow / Signal Measures momentum crossover Williams %R Length Detects overbought/oversold conditions Final Score Smoothing Length EMA smoothing for final composite score Confirm Bars for Each Signal Number of bars used to confirm individual indicator signals Sensitivity Multiplier Scales the final composite score for exaggerated trend response Highlight Background by Trend Strength Enables adaptive background coloring This indicator is suitable for traders looking for a single, clear trend metric derived from multiple indicators. It can be applied to any timeframe and can help identify both strong and emerging trends in the market.
Pine Script® indicator
by LouisMont
Ripster Clouds (EMA + MTF)v6🧠 Purpose This indicator combines Ripster EMA Clouds and Multi-Timeframe (MTF) EMA Clouds into one script. It allows you to visualize short vs long exponential (or simple) moving averages as colored “clouds” to identify trend direction and momentum — across both your current timeframe and a higher timeframe (e.g., daily). ⚙️ Main Features 1. EMA Clouds (Local Timeframe) Up to 5 separate EMA/SMA cloud sets (8/9, 5/12, 34/50, 72/89, 180/200 by default). Each can be individually enabled/disabled in the settings. MA type toggle → Choose between EMA and SMA. Optional line display toggle for showing the short and long MA lines. Color-coded trend clouds: Greenish tones = bullish (short > long) Reddish tones = bearish (short < long) Configurable leading offset and global offset for alignment. 2. MTF Clouds (Higher Timeframe) Two sets of higher timeframe EMA clouds (default: 50/55 and 20/21). Uses request.security() to pull EMA data from a selected higher timeframe (default = Daily). Optional line visibility toggle (Display Lines). Blue and teal semi-transparent fills to distinguish from local clouds. Each MTF cloud can be toggled independently. 3. Unified Controls Master toggles: ✅ Show EMA Clouds ✅ Show MTF Clouds Transparent cloud fills with dynamically changing colors based on EMA crossovers and slope. No local-scope plot() or fill() calls — fully compliant with Pine v6 rules. 🎨 Color Logic Each EMA cloud uses a unique color pair (5 total). Cloud color changes dynamically based on whether the short EMA is above or below the long EMA. Line color changes with slope: Olive = EMA rising Maroon = EMA falling 📊 Technical Structure Written in Pine Script v6. All plot() and fill() calls are at global scope to prevent compilation errors. Uses helper functions only for math/color logic. Performance-optimized for TradingView’s rendering limits. 🧩 Quick Setup in TradingView Paste the script into the Pine Editor. Add to chart. In settings: Toggle on/off any EMA or MTF clouds. Adjust timeframe (Resolution), line visibility, or offsets. Choose EMA or SMA as the base calculation. ✅ Result You now have one unified, customizable Ripster EMA + MTF Cloud indicator, stable in Pine v6, with complete flexibility to toggle, style, and analyze multiple timeframe trends on a single chart.
Pine Script® indicator
by chandrashekar_thippani