MTF Stochastic Trendline Drawing Trendlines Using Stochastic on Multi-Timeframes (MTF)
Instead of drawing trendlines directly on price charts, this method focuses on drawing trendlines on the Stochastic Oscillator (%K line) to analyze momentum trends across different timeframes.
The Stochastic Oscillator measures momentum — how strong or weak price movements are. By analyzing its shape and direction across multiple timeframes, and drawing trendlines on the %K line, you can better understand potential market reversals, continuation points, or breakout signals.
Search in scripts for "TRENDLINES"
Candle #40 Sentinel – A Simple Visual Marker for Chart ContextWhat it is:
Candle #40 Sentinel is a minimalistic visual aid that marks the candle from exactly 40 bars ago on your chart. It creates a clear reference point to help you assess whether your trendline is based on enough price history to be considered reliable.
What it does:
Draws a frame marker on the candle 40 bars before the current one.
Gives you an instant sense of how much historical data your trendline or setup is working with.
Helps prevent decisions based on short-term patterns with little statistical weight.
Why use it:
Context is key: Many trendlines look strong but are based on too few candles to be meaningful. This tool helps you visually gauge that.
Stay disciplined: Only act on setups with enough data behind them.
Save time: No need to count candles manually – the chart tells you instantly.
Who it's for:
Traders who use trendlines and want a quick way to assess data depth.
Anyone looking to bring more structure and discipline to visual chart analysis.
Note:
This tool does not generate signals, does not calculate trends, and uses no classic indicators. It simply draws a reference at the 40th candle back – giving you a visual anchor point to work with.
Candle #40 Sentinel – Let your setups breathe before you trust them.
Because trendlines drawn over 10 candles aren’t trendlines – they’re guesses.
Trendline Breaks with Multi Fibonacci Supertrend StrategyTMFS Strategy: Advanced Trendline Breakouts with Multi-Fibonacci Supertrend
Elevate your algorithmic trading with institutional-grade signal confluence
Strategy Genesis & Evolution
This advanced trading system represents the culmination of a personal research journey, evolving from my custom " Multi Fibonacci Supertrend with Signals " indicator into a comprehensive trading strategy. Built upon the exceptional trendline detection methodology pioneered by LuxAlgo in their " Trendlines with Breaks " indicator, I've engineered a systematic framework that integrates multiple technical factors into a cohesive trading system.
Core Fibonacci Principles
At the heart of this strategy lies the Fibonacci sequence application to volatility measurement:
// Fibonacci-based factors for multiple Supertrend calculations
factor1 = input.float(0.618, 'Factor 1 (Weak/Fibonacci)', minval = 0.01, step = 0.01)
factor2 = input.float(1.618, 'Factor 2 (Medium/Golden Ratio)', minval = 0.01, step = 0.01)
factor3 = input.float(2.618, 'Factor 3 (Strong/Extended Fib)', minval = 0.01, step = 0.01)
These precise Fibonacci ratios create a dynamic volatility envelope that adapts to changing market conditions while maintaining mathematical harmony with natural price movements.
Dynamic Trendline Detection
The strategy incorporates LuxAlgo's pioneering approach to trendline detection:
// Pivotal swing detection (inspired by LuxAlgo)
pivot_high = ta.pivothigh(swing_length, swing_length)
pivot_low = ta.pivotlow(swing_length, swing_length)
// Dynamic slope calculation using ATR
slope = atr_value / swing_length * atr_multiplier
// Update trendlines based on pivot detection
if bool(pivot_high)
upper_slope := slope
upper_trendline := pivot_high
else
upper_trendline := nz(upper_trendline) - nz(upper_slope)
This adaptive trendline approach automatically identifies key structural market boundaries, adjusting in real-time to evolving chart patterns.
Breakout State Management
The strategy implements sophisticated state tracking for breakout detection:
// Track breakouts with state variables
var int upper_breakout_state = 0
var int lower_breakout_state = 0
// Update breakout state when price crosses trendlines
upper_breakout_state := bool(pivot_high) ? 0 : close > upper_trendline ? 1 : upper_breakout_state
lower_breakout_state := bool(pivot_low) ? 0 : close < lower_trendline ? 1 : lower_breakout_state
// Detect new breakouts (state transitions)
bool new_upper_breakout = upper_breakout_state > upper_breakout_state
bool new_lower_breakout = lower_breakout_state > lower_breakout_state
This state-based approach enables precise identification of the exact moment when price breaks through a significant trendline.
Multi-Factor Signal Confluence
Entry signals require confirmation from multiple technical factors:
// Define entry conditions with multi-factor confluence
long_entry_condition = enable_long_positions and
upper_breakout_state > upper_breakout_state and // New trendline breakout
di_plus > di_minus and // Bullish DMI confirmation
close > smoothed_trend // Price above Supertrend envelope
// Execute trades only with full confirmation
if long_entry_condition
strategy.entry('L', strategy.long, comment = "LONG")
This strict requirement for confluence significantly reduces false signals and improves the quality of trade entries.
Advanced Risk Management
The strategy includes sophisticated risk controls with multiple methodologies:
// Calculate stop loss based on selected method
get_long_stop_loss_price(base_price) =>
switch stop_loss_method
'PERC' => base_price * (1 - long_stop_loss_percent)
'ATR' => base_price - long_stop_loss_atr_multiplier * entry_atr
'RR' => base_price - (get_long_take_profit_price() - base_price) / long_risk_reward_ratio
=> na
// Implement trailing functionality
strategy.exit(
id = 'Long Take Profit / Stop Loss',
from_entry = 'L',
qty_percent = take_profit_quantity_percent,
limit = trailing_take_profit_enabled ? na : long_take_profit_price,
stop = long_stop_loss_price,
trail_price = trailing_take_profit_enabled ? long_take_profit_price : na,
trail_offset = trailing_take_profit_enabled ? long_trailing_tp_step_ticks : na,
comment = "TP/SL Triggered"
)
This flexible approach adapts to varying market conditions while providing comprehensive downside protection.
Performance Characteristics
Rigorous backtesting demonstrates exceptional capital appreciation potential with impressive risk-adjusted metrics:
Remarkable total return profile (1,517%+)
Strong Sortino ratio (3.691) indicating superior downside risk control
Profit factor of 1.924 across all trades (2.153 for long positions)
Win rate exceeding 35% with balanced distribution across varied market conditions
Institutional Considerations
The strategy architecture addresses execution complexities faced by institutional participants with temporal filtering and date-range capabilities:
// Time Filter settings with flexible timezone support
import jason5480/time_filters/5 as time_filter
src_timezone = input.string(defval = 'Exchange', title = 'Source Timezone')
dst_timezone = input.string(defval = 'Exchange', title = 'Destination Timezone')
// Date range filtering for precise execution windows
use_from_date = input.bool(defval = true, title = 'Enable Start Date')
from_date = input.time(defval = timestamp('01 Jan 2022 00:00'), title = 'Start Date')
// Validate trading permission based on temporal constraints
date_filter_approved = time_filter.is_in_date_range(
use_from_date, from_date, use_to_date, to_date, src_timezone, dst_timezone
)
These capabilities enable precise execution timing and market session optimization critical for larger market participants.
Acknowledgments
Special thanks to LuxAlgo for the pioneering work on trendline detection and breakout identification that inspired elements of this strategy. Their innovative approach to technical analysis provided a valuable foundation upon which I could build my Fibonacci-based methodology.
This strategy is shared under the same Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) license as LuxAlgo's original work.
Past performance is not indicative of future results. Conduct thorough analysis before implementing any algorithmic strategy.
TrendLine CrossThis indicator "TrendLine Cross", is designed to plot trend lines so you can spot potential trend reversal points on the charts. The main function is to draw several lines on the chart and identify the crossings between these lines, which can be significant indicators for trading. The lines are based on different periods which can be changed in the settings tabs.
Let's see the characteristics of the trend lines:
_Low Line Color(Green Line): This line connects the lowest point of low prices in the "low_time" period with the lowest point of low prices in the "high_time" period. Indicates a possible short-term support level on the chart.
_Liquidity Up Line Color (Golden Line): This line connects the lowest point of low prices in the "low_time" period with the highest point of low prices in the same period. It represents a liquidity zone and an important resistance in the chart.
_Lower Line Color (Blue Line): This horizontal line connects the lowest point of low prices in the "LowerLine_period" with the lowest point of low prices in the "high_time" period. Indicates a possible long-term support level.
_Upper Line Colorr: This line represents a connection between the highest points of the "high_time" period and the lowest point of the "LowerLine_period". Indicates a possible long-term resistance level.
_Up Line Color (Red Line): This line connects the highest point of high prices in the "high_time" period with the highest point of high prices in the "LowerLine_period". It represents a possible long-term resistance level.
_Liquidity Down Line Color(Golden Line): This line connects the highest point of high prices in the "high_time" period with the highest point of low prices in the "low_time" period. It represents a liquidity point and an important support zone.
The indicator becomes particularly interesting when the lines make crossings. These crossovers could suggest a potential trend change in the market. For example:
Change from Bearish to Bullish: If the "long-term" line (black) crosses the "short- or long-term" line (green or blue) from top to bottom, it could indicate a shift from a bearish to a bullish market , suggesting the opportunity for long positions.
_Changing from Bullish to Bearish: If the "long-term" line (blue) crosses the "short-term" line (red or black) from bottom to top, it could indicate a shift from a bullish to a bearish market, suggesting the opportunity for short positions.
Generally speaking, crossings between these lines can be key points of interest for traders, as they can signal significant changes in price direction.
cphelperLibrary "cphelper"
ACPU helper library - for private use. Not so meaningful for others.
calculate_rr(targetArray, rrArray, breakevenOnTarget1)
calculates risk reward for given targets
Parameters:
targetArray (float ) : array of targets
rrArray (float ) : array of risk reward
breakevenOnTarget1 (simple bool) : option to breakeven
Returns: array rrArray
trendPairs(l1StartX, l1StartY, l1EndX, l1EndY, l2StartX, l2StartY, l2EndX, l2EndY, zgColor)
creates trendline pairs
Parameters:
l1StartX (int) : startX of first line
l1StartY (float) : startY of first line
l1EndX (int) : endX of first line
l1EndY (float) : endY of first line
l2StartX (int) : startX of second line
l2StartY (float) : startY of second line
l2EndX (int) : endX of second line
l2EndY (float) : endY of second line
zgColor (color) : line color
Returns:
find_type(l1t, l2t, channelThreshold)
Finds type based on trendline pairs
Parameters:
l1t (line) : line1
l2t (line) : line2
channelThreshold (simple float) : theshold for channel identification
Returns: pattern type and flags
getFlags(flags)
Flatten flags
Parameters:
flags (bool ) : array of flags
Returns: - flattened flags isChannel, isTriangle, isWedge, isExpanding, isContracting, isFlat, isRising, isFalling
getType(typeNum)
Get type based on type number
Parameters:
typeNum (int) : number representing type
Returns: String value of type
getStatus(status, maxStatus)
Get status based on integer value representations
Parameters:
status (int) : integer representing current status
maxStatus (int) : integer representing max status
Returns: String status value
calculate_simple_targets(trendLines, settingsMatrix, patternTypeMapping, patternType)
Calculate targets based on trend lines
Parameters:
trendLines (line ) : trendline pair array
settingsMatrix (matrix) : matrix containing settings
patternTypeMapping (string ) : array containing pattern type mapping
patternType (int) : pattern type
Returns: arrays containing long and short calculated targets
recalculate_position(patternTypeAndStatusMatrix, targetMatrix, index, pIndex, status, maxStatus, targetValue, stopValue, dir, breakevenOnTarget1)
Recalculate position values
Parameters:
patternTypeAndStatusMatrix (matrix) : matrix containing pattern type and status
targetMatrix (matrix) : matrix containing targets
index (int) : current index
pIndex (int) : pattern index
status (int) : current status
maxStatus (int) : max status reached
targetValue (float) : current target value
stopValue (float) : current stop value
dir (int) : direction
breakevenOnTarget1 (simple bool) : flag to breakeven upon target1
Returns: new status and maxStatus values
draw_targets(longTargets, shortTargets, index, labelColor, patternName, positionIndex, longMaxStatus, longStatus, shortMaxStatus, shortStatus, tempBoxes, tempLines, tempLabels)
Draw targets on chart
Parameters:
longTargets (matrix) : matrix containing long targets
shortTargets (matrix) : matrix containing short targets
index (int) : current index
labelColor (color) : color of lines and labels
patternName (string) : Pattern name
positionIndex (int) : position on the chart
longMaxStatus (int) : max status for long
longStatus (int) : long status value
shortMaxStatus (int) : max status for short
shortStatus (int) : short status value
tempBoxes (box ) : temporary box array
tempLines (line ) : temporary lines array
tempLabels (label ) : temporary labels array
Returns: void
populate_open_stats(patternIdArray, barMatrix, patternTypeAndStatusMatrix, patternColorArray, longTargets, shortTargets, patternRRMatrix, OpenStatPosition, lblSizeOpenTrades)
Populate open stats table
Parameters:
patternIdArray (int ) : pattern Ids
barMatrix (matrix) : matrix containing bars
patternTypeAndStatusMatrix (matrix) : matrix containing pattern type and status
patternColorArray (color ) : array containing current patter colors
longTargets (matrix) : matrix of long targets
shortTargets (matrix) : matrix of short targets
patternRRMatrix (matrix) : pattern risk reward matrix
OpenStatPosition (simple string) : table position
lblSizeOpenTrades (simple string) : text size
Returns: void
draw_pattern_label(trendLines, patternFlagMatrix, patternTypeAndStatusMatrix, patternColorArray, patternFlags, patternLabelArray, zgColor, patternType, drawLabel, clearOldPatterns, safeRepaint, maxPatternsReference)
Parameters:
trendLines (line )
patternFlagMatrix (matrix)
patternTypeAndStatusMatrix (matrix)
patternColorArray (color )
patternFlags (bool )
patternLabelArray (label )
zgColor (color)
patternType (int)
drawLabel (simple bool)
clearOldPatterns (simple bool)
safeRepaint (simple bool)
maxPatternsReference (simple int)
populate_closed_stats(patternTypeAndStatusMatrix, bullishCounts, bearishCounts, bullishRetouchCounts, bearishRetouchCounts, bullishSizeMatrix, bearishSizeMatrix, bullishRR, bearishRR, ClosedStatsPosition, lblSizeClosedTrades, showSelectivePatternStats, showPatternStats, showStatsInPercentage)
Parameters:
patternTypeAndStatusMatrix (matrix)
bullishCounts (matrix)
bearishCounts (matrix)
bullishRetouchCounts (matrix)
bearishRetouchCounts (matrix)
bullishSizeMatrix (matrix)
bearishSizeMatrix (matrix)
bullishRR (matrix)
bearishRR (matrix)
ClosedStatsPosition (simple string)
lblSizeClosedTrades (simple string)
showSelectivePatternStats (simple bool)
showPatternStats (simple bool)
showStatsInPercentage (simple bool)
Descending Broadening Patterns [theEccentricTrader]█ OVERVIEW
This indicator automatically draws descending broadening patterns and price projections derived from the ranges that constitute the patterns.
█ CONCEPTS
Green and Red Candles
• A green candle is one that closes with a close price equal to or above the price it opened.
• A red candle is one that closes with a close price that is lower than the price it opened.
Swing Highs and Swing Lows
• A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
• A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
• The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
• The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Upper Trends
• A return line uptrend is formed when the current peak price is higher than the preceding peak price.
• A downtrend is formed when the current peak price is lower than the preceding peak price.
• A double-top is formed when the current peak price is equal to the preceding peak price.
Lower Trends
• An uptrend is formed when the current trough price is higher than the preceding trough price.
• A return line downtrend is formed when the current trough price is lower than the preceding trough price.
• A double-bottom is formed when the current trough price is equal to the preceding trough price.
Double Trends
• A double uptrend is formed when the current trough price is higher than the preceding trough price and the current peak price is higher than the preceding peak price.
• A double downtrend is formed when the current peak price is lower than the preceding peak price and the current trough price is lower than the preceding trough price.
Range
The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips.
Support and Resistance
• Support refers to a price level where the demand for an asset is strong enough to prevent the price from falling further.
• Resistance refers to a price level where the supply of an asset is strong enough to prevent the price from rising further.
Support and resistance levels are important because they can help traders identify where the price of an asset might pause or reverse its direction, offering potential entry and exit points. For example, a trader might look to buy an asset when it approaches a support level , with the expectation that the price will bounce back up. Alternatively, a trader might look to sell an asset when it approaches a resistance level , with the expectation that the price will drop back down.
It's important to note that support and resistance levels are not always relevant, and the price of an asset can also break through these levels and continue moving in the same direction.
Breakouts and Breakdowns
• A breakout occurs when the price of an asset breaks above a resistance level.
• A breakdown occurs when the price of an asset breaks below a support level.
• A confirmed breakout occurs when the price of an asset breaks and closes above a resistance level.
• A confirmed breakdown occurs when the price of an asset breaks and closes below a support level.
It's important to note that breakouts and breakdowns of resistance and support levels are not always relevant, and the price of an asset can also reverse once it has broken through a level to carry on in the opposite direction.
Trendlines
Trendlines are straight lines that are drawn between two or more points on a price chart. These lines are used as dynamic support and resistance levels for making strategic decisions and predictions about future price movements. For example traders will look for price movements along, and reactions to, trendlines in the form of rejections or breakouts/downs.
Descending Broadening Patterns
Descending broadening patterns are generally characterised by descending diverging trendlines drawn from four points that form a broadening shape, or megaphone. Traders typically look for breakouts or breakdowns of descending broadening patterns to identify potential trading opportunities, with targets and stop losses set as multiples of the pattern's range.
█ FEATURES
Inputs
• Show Historic
• Show Projections
• Pattern Color
• Extend Current Pattern Lines
• Extend Current Projection Lines
█ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
Descending Wedge Patterns [theEccentricTrader]█ OVERVIEW
This indicator automatically draws descending wedge patterns and price projections derived from the ranges that constitute the patterns.
█ CONCEPTS
Green and Red Candles
• A green candle is one that closes with a close price equal to or above the price it opened.
• A red candle is one that closes with a close price that is lower than the price it opened.
Swing Highs and Swing Lows
• A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
• A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
• The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
• The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Upper Trends
• A return line uptrend is formed when the current peak price is higher than the preceding peak price.
• A downtrend is formed when the current peak price is lower than the preceding peak price.
• A double-top is formed when the current peak price is equal to the preceding peak price.
Lower Trends
• An uptrend is formed when the current trough price is higher than the preceding trough price.
• A return line downtrend is formed when the current trough price is lower than the preceding trough price.
• A double-bottom is formed when the current trough price is equal to the preceding trough price.
Double Trends
• A double uptrend is formed when the current trough price is higher than the preceding trough price and the current peak price is higher than the preceding peak price.
• A double downtrend is formed when the current peak price is lower than the preceding peak price and the current trough price is lower than the preceding trough price.
Range
The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips.
Support and Resistance
• Support refers to a price level where the demand for an asset is strong enough to prevent the price from falling further.
• Resistance refers to a price level where the supply of an asset is strong enough to prevent the price from rising further.
Support and resistance levels are important because they can help traders identify where the price of an asset might pause or reverse its direction, offering potential entry and exit points. For example, a trader might look to buy an asset when it approaches a support level , with the expectation that the price will bounce back up. Alternatively, a trader might look to sell an asset when it approaches a resistance level , with the expectation that the price will drop back down.
It's important to note that support and resistance levels are not always relevant, and the price of an asset can also break through these levels and continue moving in the same direction.
Breakouts and Breakdowns
• A breakout occurs when the price of an asset breaks above a resistance level.
• A breakdown occurs when the price of an asset breaks below a support level.
• A confirmed breakout occurs when the price of an asset breaks and closes above a resistance level.
• A confirmed breakdown occurs when the price of an asset breaks and closes below a support level.
It's important to note that breakouts and breakdowns of resistance and support levels are not always relevant, and the price of an asset can also reverse once it has broken through a level to carry on in the opposite direction.
Trendlines
Trendlines are straight lines that are drawn between two or more points on a price chart. These lines are used as dynamic support and resistance levels for making strategic decisions and predictions about future price movements. For example traders will look for price movements along, and reactions to, trendlines in the form of rejections or breakouts/downs.
Descending Wedge Patterns
Descending wedge patterns are generally characterised by descending converging trendlines drawn from four points that form a triangle, or wedge shape. Traders typically look for breakouts or breakdowns of descending wedge patterns to identify potential trading opportunities, with targets and stop losses set as multiples of the pattern's range.
█ FEATURES
Inputs
• Show Historic
• Show Projections
• Pattern Color
• Extend Current Pattern Lines
• Extend Current Projection Lines
█ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
Ascending Broadening Patterns [theEccentricTrader]█ OVERVIEW
This indicator automatically draws ascending broadening patterns and price projections derived from the ranges that constitute the patterns.
█ CONCEPTS
Green and Red Candles
• A green candle is one that closes with a close price equal to or above the price it opened.
• A red candle is one that closes with a close price that is lower than the price it opened.
Swing Highs and Swing Lows
• A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
• A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
• The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
• The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Upper Trends
• A return line uptrend is formed when the current peak price is higher than the preceding peak price.
• A downtrend is formed when the current peak price is lower than the preceding peak price.
• A double-top is formed when the current peak price is equal to the preceding peak price.
Lower Trends
• An uptrend is formed when the current trough price is higher than the preceding trough price.
• A return line downtrend is formed when the current trough price is lower than the preceding trough price.
• A double-bottom is formed when the current trough price is equal to the preceding trough price.
Double Trends
• A double uptrend is formed when the current trough price is higher than the preceding trough price and the current peak price is higher than the preceding peak price.
• A double downtrend is formed when the current peak price is lower than the preceding peak price and the current trough price is lower than the preceding trough price.
Range
The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips.
Support and Resistance
• Support refers to a price level where the demand for an asset is strong enough to prevent the price from falling further.
• Resistance refers to a price level where the supply of an asset is strong enough to prevent the price from rising further.
Support and resistance levels are important because they can help traders identify where the price of an asset might pause or reverse its direction, offering potential entry and exit points. For example, a trader might look to buy an asset when it approaches a support level , with the expectation that the price will bounce back up. Alternatively, a trader might look to sell an asset when it approaches a resistance level , with the expectation that the price will drop back down.
It's important to note that support and resistance levels are not always relevant, and the price of an asset can also break through these levels and continue moving in the same direction.
Breakouts and Breakdowns
• A breakout occurs when the price of an asset breaks above a resistance level.
• A breakdown occurs when the price of an asset breaks below a support level.
• A confirmed breakout occurs when the price of an asset breaks and closes above a resistance level.
• A confirmed breakdown occurs when the price of an asset breaks and closes below a support level.
It's important to note that breakouts and breakdowns of resistance and support levels are not always relevant, and the price of an asset can also reverse once it has broken through a level to carry on in the opposite direction.
Trendlines
Trendlines are straight lines that are drawn between two or more points on a price chart. These lines are used as dynamic support and resistance levels for making strategic decisions and predictions about future price movements. For example traders will look for price movements along, and reactions to, trendlines in the form of rejections or breakouts/downs.
Ascending Broadening Patterns
Ascending broadening patterns are generally characterised by ascending diverging trendlines drawn from four points that form a broadening shape, or megaphone. Traders typically look for breakouts or breakdowns of ascending broadening patterns to identify potential trading opportunities, with targets and stop losses set as multiples of the pattern's range.
█ FEATURES
Inputs
• Show Historic
• Show Projections
• Pattern Color
• Extend Current Pattern Lines
• Extend Current Projection Lines
█ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
Ascending Wedge Patterns [theEccentricTrader]█ OVERVIEW
This indicator automatically draws ascending wedge patterns and price projections derived from the ranges that constitute the patterns.
█ CONCEPTS
Green and Red Candles
• A green candle is one that closes with a close price equal to or above the price it opened.
• A red candle is one that closes with a close price that is lower than the price it opened.
Swing Highs and Swing Lows
• A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
• A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
• The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
• The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Upper Trends
• A return line uptrend is formed when the current peak price is higher than the preceding peak price.
• A downtrend is formed when the current peak price is lower than the preceding peak price.
• A double-top is formed when the current peak price is equal to the preceding peak price.
Lower Trends
• An uptrend is formed when the current trough price is higher than the preceding trough price.
• A return line downtrend is formed when the current trough price is lower than the preceding trough price.
• A double-bottom is formed when the current trough price is equal to the preceding trough price.
Double Trends
• A double uptrend is formed when the current trough price is higher than the preceding trough price and the current peak price is higher than the preceding peak price.
• A double downtrend is formed when the current peak price is lower than the preceding peak price and the current trough price is lower than the preceding trough price.
Range
The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips.
Support and Resistance
• Support refers to a price level where the demand for an asset is strong enough to prevent the price from falling further.
• Resistance refers to a price level where the supply of an asset is strong enough to prevent the price from rising further.
Support and resistance levels are important because they can help traders identify where the price of an asset might pause or reverse its direction, offering potential entry and exit points. For example, a trader might look to buy an asset when it approaches a support level , with the expectation that the price will bounce back up. Alternatively, a trader might look to sell an asset when it approaches a resistance level , with the expectation that the price will drop back down.
It's important to note that support and resistance levels are not always relevant, and the price of an asset can also break through these levels and continue moving in the same direction.
Breakouts and Breakdowns
• A breakout occurs when the price of an asset breaks above a resistance level.
• A breakdown occurs when the price of an asset breaks below a support level.
• A confirmed breakout occurs when the price of an asset breaks and closes above a resistance level.
• A confirmed breakdown occurs when the price of an asset breaks and closes below a support level.
It's important to note that breakouts and breakdowns of resistance and support levels are not always relevant, and the price of an asset can also reverse once it has broken through a level to carry on in the opposite direction.
Trendlines
Trendlines are straight lines that are drawn between two or more points on a price chart. These lines are used as dynamic support and resistance levels for making strategic decisions and predictions about future price movements. For example traders will look for price movements along, and reactions to, trendlines in the form of rejections or breakouts/downs.
Ascending Wedge Patterns
Ascending wedge patterns are generally characterised by ascending converging trendlines drawn from four points that form a triangle, or wedge shape. Traders typically look for breakouts or breakdowns of ascending wedge patterns to identify potential trading opportunities, with targets and stop losses set as multiples of the pattern's range.
█ FEATURES
Inputs
• Show Historic
• Show Projections
• Pattern Color
• Extend Current Pattern Lines
• Extend Current Projection Lines
█ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
Broadening Patterns [theEccentricTrader]█ OVERVIEW
This indicator automatically draws broadening patterns and price projections derived from the ranges that constitute the patterns.
█ CONCEPTS
Green and Red Candles
• A green candle is one that closes with a close price equal to or above the price it opened.
• A red candle is one that closes with a close price that is lower than the price it opened.
Swing Highs and Swing Lows
• A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
• A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
• The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
• The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Upper Trends
• A return line uptrend is formed when the current peak price is higher than the preceding peak price.
• A downtrend is formed when the current peak price is lower than the preceding peak price.
• A double-top is formed when the current peak price is equal to the preceding peak price.
Lower Trends
• An uptrend is formed when the current trough price is higher than the preceding trough price.
• A return line downtrend is formed when the current trough price is lower than the preceding trough price.
• A double-bottom is formed when the current trough price is equal to the preceding trough price.
Range
The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips.
Support and Resistance
• Support refers to a price level where the demand for an asset is strong enough to prevent the price from falling further.
• Resistance refers to a price level where the supply of an asset is strong enough to prevent the price from rising further.
Support and resistance levels are important because they can help traders identify where the price of an asset might pause or reverse its direction, offering potential entry and exit points. For example, a trader might look to buy an asset when it approaches a support level , with the expectation that the price will bounce back up. Alternatively, a trader might look to sell an asset when it approaches a resistance level , with the expectation that the price will drop back down.
It's important to note that support and resistance levels are not always relevant, and the price of an asset can also break through these levels and continue moving in the same direction.
Breakouts and Breakdowns
• A breakout occurs when the price of an asset breaks above a resistance level.
• A breakdown occurs when the price of an asset breaks below a support level.
• A confirmed breakout occurs when the price of an asset breaks and closes above a resistance level.
• A confirmed breakdown occurs when the price of an asset breaks and closes below a support level.
It's important to note that breakouts and breakdowns of resistance and support levels are not always relevant, and the price of an asset can also reverse once it has broken through a level to carry on in the opposite direction.
Trendlines
Trendlines are straight lines that are drawn between two or more points on a price chart. These lines are used as dynamic support and resistance levels for making strategic decisions and predictions about future price movements. For example traders will look for price movements along, and reactions to, trendlines in the form of rejections or breakouts/downs.
Broadening Patterns
Broadening patterns are generally characterised by diverging trendlines drawn from four points that form a broadening shape, or megaphone. Traders typically look for breakouts or breakdowns of broadening patterns to identify potential trading opportunities, with targets and stop losses set as multiples of the pattern's range.
█ FEATURES
Inputs
• Show Historic
• Show Projections
• Pattern Color
• Extend Current Pattern Lines
• Extend Current Projection Lines
█ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
Khate ravandThis script draws trendlines from the pivot points in the price chart.
//
// The input for the function that draws the trendlines is any calculation or function
// (here this is pivot points, but the core of the script can be used in other implementations too),
// that most of the time and occasionally produces a 'non n/a' value.
// The trendline function then connects the non n/a values and extends the connections of those points in a trendline.
//
// There is an option to draw the lines from the wicks or from the 'real bodies' of the candles.
// The trendlines can either extend infinitely or only run for an adjustable amount of bars.
//
// There's an option to display trendline breaks
// And the option to display trendlines in color or monochrome
//
BreathEasy TrendLine Scalping - Pro Dear Traders,
Trendlines are the one particular word ever trader would definitely know what it is. But the way it gets applied on to the chart is the one thing which needs to debated on. Traders definitely love to trade Trendline breaks like the way I do.
When it comes to Trendlines , we generally categorize them based on the Major Trendline and Minor Trendline, however concept of Breakout or Breakdown of trendline wouldn’t change whether it’s a Major or Minor Trendline. Trendline is by nature powerful and prices do respect the same. In order to add more power, I have combined the Trendlines with Fibonacci to time the entries correctly.
What you can expect from this Indicator?
This indicator is mainly designed to work on the lower time frames (Intraday Indicator), between 1 minute TF to 5-minute TF or max 10 minute.
It is necessary that you use this indicator on a highly liquid instruments such that calculations are smooth. since, price gaps may affect the accuracy of the results.
Script detects & plots Trendlines, based on the Pivot Points found on the chart and helps you take trading decisions wisely.
What is the scope or idea behind developing this indicator?
1. Its majorly build to identify the Trendline breaks (Break Out and Break Down)
2. Identify, Trend line False Break.
3. Identify the possible consolidation zone and intimate about the Consolidation Break
4. Peak Buying | Selling Possibility when Prices does cross levels based on the fib ratios.
Couple of Additional info | Points to Understand | Point of Comfort zone
1. Provides Alerts when the event happens such as (Important Trendline has Broken, Consolidation zone is broken etc.) and places a dummy entry indication that Indicator took a trade with the SL and Target if any.
Note: All the entries plotted by this indicator are just DUMMY for your educational purpose only. you may seek support from your financial advisor before placing similar trades in real market.
2. Indicator Can constantly notify you on ever time SL is updated, if necessary to keep you aware of. I have adopted volatility-based SL such that, if prices move too quick and too far SL also will move quick and gives enough room for the price to play its role. If the prices tend to go flat SL acts flat. It can also help you lock in some profits when your PNL reaches certain level either by price or by percentage. (All options are customizable)
3. It also takes HTF information wherever necessary if the indicator needs some additional confirmations like Trendline zone in higher timeframe or fib level in HTF zone. You can certainly advice indicator to direct which HTF to use.
4. If the Script need Volume confirmation there are possible options provided for you to direct the indicator to refer the volume source. Like if you are trading BNF you may direct the volume source to its related futures
5. Options are provided to customize to Qty and Lot and based on the suggested option it plots dummy entries with suggested Qty to trade with.
6. You may set the Max loss level for each of the trade which you would like to risk so that Indicator detects the setups which are in close proximity to that level. It so happens it detects setup with max loss level of 7K and due to price fluctuations dummy entry may lose bit more than what was capped.
There are many additional options | information’s | suitable Notifications via Alerts provided. To give you enough information for your trading decisions along with Dummy Trades info.
IMPORTANT POINT TO CONSIDER:
REPAINTING : I use the word “real time data” in my indicator tooltip in conjunction and help you understand what indicator does. By this you can understand the impacts of the same.
I strongly recommend you read the tooltips in order to understand the indicator better.
Enjoy!
DISCLAIMER : No sharing, copying, reselling, modifying, or any other forms of use are authorized for our documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. I am not responsible for any losses you may incur. Please invest wisely.
Happy to receive suggestions and feedback in order to improve the performance of the indicator better.
[blackcat] L3 Trendline LTFLevel: 3
Background
Trendlines are easily recognizable lines that traders draw on charts to connect a series of prices together or show some data's best fit. The resulting line is then used to give the trader a good idea of the direction in which an investment's value might move. A trendline is a line drawn over pivot highs or under pivot lows to show the prevailing direction of price. Trendlines are a visual representation of support and resistance in any time frame. They show direction and speed of price, and also describe patterns during periods of price contraction.
Function
This is a noval low time frame (LTF) trendline which was inquired from TradingView community. "How to draw a trendline in lower time frame based on higher time frame trend? "
1. Trendlines indicate the best fit of some data using a single line or curve.
2. A single trendline can be applied to a chart to give a clearer picture of the trend.
3. Trendlines can be applied to the highs and the lows to create a channel.
4. The time period being analyzed and the exact points used to create a trendline vary from trader to trader.
Remarks
Free but closed sourced.
The drawing may fail if your current resolution is already in large time frame.
If the trendline is not drawn but you can see the red resistance and green support dashed lines, please drag the the chart to the left unitl you see the yellow solid trend line appears.
Extremes (Expo) Extremes (Expo)
DESCRIPTION
This Extreme (Expo) indicator identifies areas where the market is extreme. The length of the extreme calculation can be changed and gives you the flexibility to choose how sensitive the indicator should be. A longer length means that the indicator only identifies bold extremes. A shorter length is more sensitive and thus identifies all extremes in the market.
When the market is in an extreme mode, keep your trade until the extreme mode ends.
Postive extreme is when the price is above the positive extreme lines. (Keep your long trade until the positive extreme ends).
Negative extreme is when the price is below the negative extreme lines. (Keep your short trade until the negative extreme ends).
The Extremes (Expo) can be used to visualize the trend. Price crossing indicates a directional change. Price can also bounce off the extremes lines, which can act as dynamic support and resistance. It is often used in combination with other signals and analysis techniques.
TREND
The indictor has a Trend- feature that can be switched on which identifies trend shifts as well as trend direction.
A positive trend is when all three trendlines are green, and when the price is at least above one of these three lines.
A Negative trend is when all three trendlines are red, and when the price is at least under one of these three lines.
When the color of the trend lines changes color it indicates that the trend might shift direction. When all three trendlines have shifted color a trend is established.
PULLBACK
A bonus feature that is added to the trend-setting is that it can detect pullbacks in trends. This is visualized by that one of the three trendlines change color. For instance, say that all 3 lines are red (negative trend) and one of these lines changes color to green it can be regarded as a pullback in the negative trend.
HOW TO USE
1. Use the indicator to identify extreme areas.
2. Use the indicator to identify trends.
3. Use the indicator to identify trend shifts.
4. Use the indicator to identify pullbacks in trends.
INDICATOR IN ACTION
EXTREMES
BTCUSD
BTCUSD
TESLA
WALL STREET
TREND & PULLBACK
WALL STREET
EURUSD
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
MA ExtensionThis indicator measures the vertical distance form the current close to the MA of your choice. I find that it does not work best as an oscillator, but it works well for providing early signals for taking profits when trend continuating. For example, if you go short due to a retracement to the MA (of your choice) take profits when a bearish trendline is broken (signalling the start of a bullish correction) that corresponds to the highs of the chart. The logic behind this indicator is that the breakouts of trendlines of an assets difference from an MA will precede corresponding breakouts of trendlines drawn on raw price. Kind of like Momentum, except it takes trend into account. Momentum has the same leading feature when it comes to drawing trendlines , but trendlines will be harder to draw due to the Momentum indicators oscillatory behavior.
MA ExtensionThis indicator measures the vertical distance form the current close to the MA of your choice. I find that it does not work best as an oscillator, but it works well for providing early signals for taking profits when trend continuating. For example, if you go short due to a retracement to the MA (of your choice) take profits when a bearish trendline is broken (signalling the start of a bullish correction) that corresponds to the highs of the chart. The logic behind this indicator is that the breakouts of trendlines of an assets difference from an MA will precede corresponding breakouts of trendlines drawn on raw price. Kind of like Momentum, except it takes trend into account. Momentum has the same leading feature when it comes to drawing trendlines , but trendlines will be harder to draw due to the Momentum indicators oscillatory behavior.
MA ExtensionThis indicator measures the vertical distance form the current close to the MA of your choice. I find that it does not work best as an oscillator, but it works well for providing early signals for taking profits when trend continuating. For example, if you go short due to a retracement to the MA (of your choice) take profits when a bearish trendline is broken (signalling the start of a bullish correction) that corresponds to the highs of the chart. The logic behind this indicator is that the breakouts of trendlines of an assets difference from an MA will precede corresponding breakouts of trendlines drawn on raw price. Kind of like Momentum, except it takes trend into account. Momentum has the same leading feature when it comes to drawing trendlines , but trendlines will be harder to draw due to the Momentum indicators oscillatory behavior.
Another New Adaptive Moving Average [CC]The New Adaptive Moving Average was created by Scott Cong (Stocks and Commodities Mar 2023) and this is a companion indicator to my previous script . This indicator still works off of the same concept as before with effort vs results but this indicator takes a slightly different approach and instead defines results as the absolute difference between the closing price and a closing price x bars ago. As you can see in my chart example, this indicator works great to stay with the current trend and provides either a stop loss or take profit target depending on which direction you are going in. As always, I use darker colors to show stronger signals and lighter colors to show normal signals. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicator scripts you would like to see me publish!
RSI Ichimoku🧩 Overview
This all-in-one oscillator combines RSI Divergence Detection, Ichimoku Cloud Logic, and Automatic Trendline Breakout Analysis — all applied directly to the RSI curve.
It helps traders identify momentum shifts, trend reversals, and breakout confirmations from multiple technical perspectives in a single, streamlined pane.
⚙️ Key Features
🔹 1. RSI Divergence Detection
Detects Regular and Hidden Bullish/Bearish divergences.
Customizable lookback windows (Pivot Left / Right) and detection range.
Optional visibility for each divergence type.
Clear on-chart labeling for all divergence signals.
☁️ 2. Ichimoku Cloud Applied to RSI
Overlays a full Ichimoku system (Tenkan, Kijun, Senkou Span A/B, and Chikou Span) directly on the RSI, not on price.
This provides a dynamic way to view momentum trends, support/resistance zones, and RSI-based trend confirmation.
Fully color-customizable Ichimoku components and cloud zones.
📈 3. Trendlines & Breakouts (via HoanGhetti’s Library)
Automatically detects trendlines on RSI pivots using the SimpleTrendlines library.
Highlights breakouts above or below RSI trendlines, signaling potential momentum shifts before they appear on price action.
Optional non-repainting mode (waits for bar confirmation).
Customizable label styles, colors, and widths.
🧠 Why This Indicator?
Traditional RSI tells when momentum is overbought or oversold —
but it doesn’t tell when it’s about to shift direction.
By merging:
Divergence structure (momentum reversal cues),
Ichimoku dynamics (trend direction and equilibrium), and
Trendline breakouts (confirmation triggers),
this tool provides a multi-layered view of market conditions.
It’s designed for swing traders, scalpers, and momentum traders who want early, high-confidence reversal or continuation signals.
🔔 Alerts
Regular & Hidden Bullish/Bearish Divergence Alerts
RSI Trendline Breakout Alerts (Bullish / Bearish)
Use these alerts to catch potential trend shifts even when you’re away from the chart.
🧭 Recommended Use
Apply to RSI timeframe or use a higher timeframe RSI for smoother signals.
Combine with price-based Ichimoku for top-down confirmation.
Watch for RSI cloud flips and trendline breakouts aligning with divergences for high-probability entries.
AshokTrendThe AshokTrend indicator uses a combination of trendline logic and pivot high/low detection to signal possible BUY and SELL trades based on price action and structural breakouts.
### Buy/Sell Signal Logic
- **Buy Trade Signal**: It identifies local pivot lows using a lookback period, then checks multiple conditions comparing current and previous pivot values to validate a breakout. If conditions are met, triangle-up shapes are plotted below bars to indicate a possible long trade, and trendlines are drawn connecting pivots for visual confirmation.
- **Sell Trade Signal**: It locates pivot highs, applies similar multi-point checks, and confirms breakdowns in structure. Upon a valid signal, triangle-down shapes are plotted above bars to indicate a possible short trade, with corresponding trendlines marking pivot connections.
### Structural Confirmation
- Both buy and sell signals require the breakout/breakdown to be visually confirmed via the movement and steepness (slope) of custom lines that represent price momentum between pivots. Lines are updated or deleted if price fails the required strength, ensuring signals are filtered for validity.
### Alert and Analysis Details
- **Alerts**: Plotted shapes (triangle up for buy, triangle down for sell) can be used for automated alerts, integrating with platform alert conditions for strategy automation.
- **Analysis**: The indicator incorporates logic for cleaning up invalid signals and pruning trendlines when a reversal is detected, increasing reliability of entries and exits for both buy and sell trades.
### Key Settings for Customization
- Lookback period, padding, and color settings allow the user to tune signal frequency and visual appearance according to specific trading needs.
### Summary Table
| Signal Type | Visual Mark | Pivot Reference | Trendline Confirmation | Filtering Logic |
|----------------------|--------------|-----------------|-----------------------|-------------------------------|
| BUY | Triangle Up | Pivot Low | Slope & multi-point | Valid breakout only |
| SELL | Triangle Down| Pivot High | Slope & multi-point | Valid breakdown only |
This approach ensures that only structurally strong breakout-based trades are considered, pruning false signals in real-time for improved consistency in automated or manual trade analysis
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Disclaimer - This post is created for only Learning Purpose. Every Charts, Trade Ideas, Buy & Sell Levels and Updates are Provided For Learning Purpose Only . We Do Not Provide Any Buy And Sell Signals Tips. We are Not SEBI Registered .Do Always Calculate Your risk Before Taking the Trade And consult your Financial Advisor Before taking any Trade. Thank You
CNagda-MomentumX - Institutional FlowMomentumX is designed to empower traders with a deeper understanding of market movements by focusing on Institutional Flow and advanced market structure analytics. The core goal is to identify and visualize where major market participants are operating, and to translate these complex footprints into clear, actionable trading signals — all in real time.
Real-time institutional activity mapping
Actionable entry and exit signals based on live market structure
Intuitive dashboard and dynamic chart visuals
Fully customizable modules for trend, liquidity, and order blocks
Core Logic Design
At the heart of MomentumX lies a robust algorithmic engine built to capture and surface institutional trading behavior. By leveraging advanced mathematical models, the indicator calculates institutional volume ratios and price momentum to pinpoint aggressive moves from large participants.
Institutional Volume & Price Momentum:
Utilizes custom volume indicators and price change analysis to detect strong buying or selling pressure, filtering out retail noise.
Liquidity Grab Detection & Activity Zones:
The script identifies liquidity grabs by monitoring abrupt price sweeps at major support/resistance levels—often where institutions trigger stop hunts or reversals. All critical activity zones are automatically color-coded on the chart for instant recognition.
Dashboard Visualization:
A fully dynamic dashboard table overlays live scores for accumulation, distribution, strength, and weakness—giving traders a real-time scan of market health.
Trendline & Order Block Architecture:
The logic auto-detects pivot highs/lows to draw smart trendlines, while the order block system highlights key reversal areas and breaker zones—making market structure clear and actionable.
MomentumX is packed with high-performance modules, each engineered to simplify complex market behavior and enhance decision-making for traders:
Institutional Flow Signals:
Instantly identifies spots where institutional players drive momentum, using unique volume and price activity analytics.
Bullish/Bearish Liquidity Grab Detection:
Marks abrupt price moves that signal stop hunts or reversals, letting traders anticipate snap-backs or trend shifts.
Trendline Auto-Detection:
Smartly draws trendlines based on significant swing highs and lows, automatically adjusting as price evolves.
Order Block System (Rejection/Breaker):
Spots and highlights key reversal zones with order block rectangles, confirming rejections or breakouts at strategic levels.
Dashboard and Bar Coloring:
A clean dashboard overlay presents live market scores, while dynamic bar coloring makes trend, strength, and high-activity periods instantly visible.
User Input Toggles for Each Module:
Every major feature is fully customizable—enable or disable modules to match individual trading setups or preferences.
Scripting/Development
MomentumX’s scripting process is modular, enabling clarity, scalability, and fast optimization throughout development:
Initialization & Inputs:
Start by defining all user input options, module toggles, color settings, and calculation parameters—ensuring maximum flexibility early on.
Core Calculation Functions:
Script advanced institutional volume and price momentum algorithms. Build out swing length logic, market state filters, and activity scoring methods.
Detection Engines:
Develop and integrate engines for liquidity grabs, automated trendline detection, and order block identification—each with dedicated functions for speed and precision.
Visual Overlays & Plotting:
Implement powerful plotting logic for colored bars, score dashboards, trendlines, reversal zones, and liquidity markers—making every data point clear and actionable on the chart.
Testing Handlers:
Add diagnostic panels and debug outputs to refine calculations and assure accuracy in every market environment.
Sample Trade Setups (Usage)
Cnagda MomentumX delivers clarity for multiple trading styles by providing timely, actionable setups grounded in institutional behavior and market structure. Here’s how traders can leverage the indicator for confident decision-making:
Liquidity Grab Reversal
Enter trades around detected liquidity grabs when price sweeps major support/resistance and the dashboard signals a momentum shift.
Example: Wait for a bullish/Bearish grab near market lows/high, with institutional flow turning positive/negative—enter long/short for potential mean reversion.
Order Block Breakout
Trade breakouts when price cleanly rejects or flips key order block zones highlighted on the chart.
Example: Short at a marked breaker block after a rejection signal, confirmed by a downward institutional activity spike.
Trendline Continuation
Ride established market moves by entering on trendline confirmations plotted by the auto-detect system.
Example: Go long after a trendline retest, confirmed by a green bar color and dashboard strength score.
Dashboard Confirmation
Combine dashboard metrics (strength, accumulation, distribution) with bar color overlays for multi-factor entries.
Example: Enter trades only when all market signals align in real time for maximum probability.
For Short Entry check -- Weakness : For Long Entry Check - Strength With Other Indications
MomentumX is not just another indicator – it’s your edge for reading the market like an insider. By transparently mapping institutional flow, uncovering hidden liquidity zones, and color-coding every major structure shift, MomentumX transforms complexity into actionable clarity. Whether you’re scalping, swing trading, or investing, you’ll gain a decisive, real-time advantage on every chart.
Embrace smarter decisions, adapt to changing market conditions instantly, and join a new generation of technically empowered traders.
Customize, observe, and let the market reveal opportunities in a way you’ve never experienced before.
Happy Trading
Staolin Trade maxx V1This script is a custom TradingView indicator named "Staolin Trade maxx V1". It overlays on price charts and includes features for visualizing support and resistance zones, trendlines, EMA-based trend fills, higher high/lower low labels, range boxes, Supertrend buy/sell signals, risk management lines with SL/TP levels, and customizable moving averages. Inputs allow toggling elements like trendlines, EMA trends, labels, ranges, and levels, as well as adjusting lengths, colors, sensitivities, signal strengths, and risk-reward ratios. Zones appear as gradient-filled bands (red for upper, green for lower), trendlines as extending lines (teal up, red down), EMA fills as translucent ribbons (green up, red down), labels as triangles (green HH, red LL), ranges as colored boxes (blue unbroken, green/red broken), signals as labels (green buy, red sell), SL/TP as extending lines with emoji-labeled tags (blue entry, red SL, green TPs), and MAs as lines (blue 5, red 13, green 20).
Pasrsifal.RegressionTrendStateSummary
The Parsifal.Regression.Trend.State Indicator analyzes the leading coefficients of linear and quadratic regressions of price (against time). It also considers their first- and second-order changes. These features are aggregated into a Trend-State background, shown as a gradient color. In addition, the indicator generates fast and slow signals that can be used as potential entry- or exit triggers.
This tool is designed for advanced trend-following strategies, leveraging information from multiple trendline features.
Background
Trendlines provide insight into the state of a trend or the “trendiness” of a price process. While moving averages or pivot-based lines can serve as envelopes and breakout levels, they are often too lagging for swing traders, who need tools that adapt more closely to price swings, ideally using trendlines, around which the price process swings continuously.
Regression lines address this by cutting directly through the data, making them a natural anchor for observing how price winds around a central trendline within a chosen lookback period.
Regression Trendlines
• Linear Regression:
o Minimizes distance to all closing values over the lookback period.
o The slope represents the short-term linear trend.
o The change of slope indicates trend acceleration or deceleration.
o Linear regression lags during phases of rapid market shifts.
• Quadratic Regression:
o Fits a second-degree polynomial to minimize deviation from closing prices.
o The convexity term (leading coefficient) reflects curvature:
Positive convexity → accelerating uptrend or fading downtrend.
Negative convexity → accelerating downtrend or fading uptrend.
o The change of convexity detects early shifts in momentum and often reacts faster than slope features.
Features Extracted
The indicator evaluates six features:
• Linear features: slope, first derivative of slope, second derivative of slope.
• Quadratic features: convexity term, first derivative of the convexity term, second derivative of the convexity term.
• Linear features: capture broad, background trend behavior.
• Quadratic features: detect deviations, accelerations, and smaller-scale dynamics.
Quadratic terms generally react first to market changes, while linear terms provide stability and context.
Dynamics of Market Moves as seen by linear and quadratic regressions
• At the start of a rapid move:
The change of convexity reacts first, capturing the shift in dynamics before other features. The convexity term then follows, while linear slope features lag further behind. Because convexity measures deviation from linearity, it reflects accelerating momentum more effectively than slope.
• At the end of a rapid move:
Again, the change of convexity responds first to fading momentum, signaling the transition from above-linear to below-linear dynamics. Even while a strong trend persists, the change of convexity may flip sign early, offering a warning of weakening strength. The convexity term itself adjusts more slowly but may still turn before the price process does. Linear features lag the most, typically only flipping after price has already reversed, thereby smoothing out the rapid, more sensitive reactions of quadratic terms.
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Parsifal Regression.Trend.State Method
1. Feature Mapping:
Each feature is mapped to a range between -1 and 1, preserving zero-crossings (critical for sign interpretation).
2. Aggregation:
A heuristic linear combination*) produces a background information value, visualized as a gradient color scale:
o Deep green → strong positive trend.
o Deep red → strong negative trend.
o Yellow → neutral or transitional states.
3. Signals:
o Fast signal (oscillator): ranges from -1 to 1, reflecting short-term trend state.
o Slow signal (smoothed): moving average of the fast signal.
o Their interactions (crossovers, zero-crossings) provide actionable trading triggers.
How to Use
The Trend-State background gradient provides intuitive visual feedback on the aggregated regression features (slope, convexity, and their changes). Because these features reflect not only current trend strength but also their acceleration or deceleration, the color transitions help anticipate evolving market states:
• Solid Green: All features near their highs. Indicates a strong, accelerating uptrend. May also reflect explosive or hyperbolic upside moves (including gaps).
• Fading Solid Green: A recently strong uptrend is losing momentum. Price may shift into a slower uptrend, consolidation, or even a reversal.
• Fading Green → Yellow: Often appears as a dirty yellow or a rapidly mixing pattern of green and red. Signals that the uptrend is weakening toward neutrality or beginning to turn negative.
• Yellow → Deepening Red: Two possible scenarios:
o Coming from a strong uptrend → suggests a sharp fade, though the trend may still technically be up.
o Coming from a weaker uptrend or sideways market → suggests the start of an accelerating downtrend.
• Solid Red: All features near their lows. Indicates a strong, accelerating downtrend. May also reflect crash-type conditions or downside gaps.
• Fading Solid Red: A recently strong downtrend is losing strength. Market may move into a slower decline, consolidation, or early reversal upward.
• Fading Red → Yellow : The downtrend is weakening toward neutral, with potential for a bullish shift.
• Yellow → Increasing Green: Two possible scenarios:
o Coming from a strong downtrend, it reflects a sharp fade of bearish momentum, though the market may still technically be trending down.
o Coming from a weaker downtrend or sideways movement, it suggests the start of an accelerating uptrend.
Note: Market evolution does not always follow this neat “color cycle.” It may jump between states, skip stages, or reverse abruptly depending on market conditions. This makes the background coloring particularly valuable as a contextual map of current and evolving price dynamics.
Signal Crossovers:
Although the fast signal is very similar (but not identical) to the background coloring, it provides a numerical representation indicating a bullish interpretation for rising values and bearish for falling.
o High-confidence entries:
Fast signal rising from < -0.7 and crossing above the slow signal → potential long entry.
Fast signal falling from > +0.7 and crossing below the slow signal → potential short entry.
o Low-confidence entries:
Crossovers near zero may still provide a valid trigger but may be noisy and should be confirmed with other signals.
o Zero-crossings:
Indicate broader state changes, useful for conservative positioning or option strategies. For confirmation of a Fast signal 0-crossing, wait for the Slow signal to cross as well.
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*) Note on Aggregation
While the indicator currently uses a heuristic linear combination of features, alternatives such as Principal Component Analysis (PCA) could provide a more formal aggregation. However, while in the absence of matrix algebra, the required eigenvalue decomposition can be approximated, its computational expense does not justify the marginal higher insight in this case. The current heuristic approach offers a practical balance of clarity, speed, and accuracy.
