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Modified Gann HiLo ActivatorIntroduction The gann hilo activator is a trend indicator developed by Robert Krausz published into W. D. Gann Treasure Discovered: Simple Trading Plans for Stocks & Commodities . This indicator crate a trailing stop aiming to show the direction of the trend. This indicator is fairly easy to compute and dont require lot of skills to understand. First we calculate the simple moving average of both price high and price low, when the close price is higher than the moving average of the price high the indicator return the moving average of the price low, else the indicator return the moving average of the price high if the close price is lower than the moving average of the price low. My indicator add a different calculation method in order to avoid whipsaw trades as well as adding significance to the moving average length. A Median method has been added to provide more robustness. The Indicator The indicator is a simple trailing stop aiming to show the direction of the trend. The indicator use a different source instead of the price high/low for its calculation. The first method is the "SMA" method which like the classic hilo indicator use a simple moving average for the calculation of the indicator. Sma Method with length = 25 The "Median" use a moving median instead of a simple moving average, this provide more robustness. Median Method with length = 25 The shape is less curved and the indicator can sometimes avoid whipsaw with high's length periods. Mult Parameter The mult parameter is a parameter set to be lower or equal to 1 and greater or equal to 0. High values allow the indicator to be far from the price thus avoiding whipsaw trades, lower ones lower the distance from the price. A mult parameter of 0.1 approximate the original hilo indicator. In blue the indicator with mult = 0.1 and in radical red the original hilo activator. Conclusion The modifications allow more control over the indicator as well as adding more robustness while the original one is destined to fail when market price is more complex. Thanks for reading :) For any questions/suggestions feel free to pm me
Pine Script® indicator
by alexgrover
20
Chandelier Exit V2 by fr3762 KIVANÇChandelier Exit Version 2 with two lines Long Stop and Short Stop There is a Chandelier exit for long positions and one for short positions. The Chandelier Exit (long) hangs three ATR values below the 22-period high. This means it rises and falls as the period high and the ATR value changes. The Chandelier Exit for short positions is placed three ATR values above the 22-period low. The spreadsheet examples show sample calculations for both. According to the theory, traders should exit long positions at either the highest high since entry minus 3 ATRs . Similarly traders should exit short positions at either the lowest low since entry plus 3 ATRs . Developed by Charles Le Beau and featured in Alexander Elder's books, the Chandelier Exit sets a trailing stop-loss based on the Average True Range (ATR). The indicator is designed to keep traders in a trend and prevent an early exit as long as the trend extends. Typically, the Chandelier Exit will be above prices during a downtrend and below prices during an uptrend. The author, Chuck LeBeau explains: It lets "... profits run in the direction of a trend while still offering some protection against any reversal in trend." The exit stop is placed at a multiple of average true ranges from the highest high or highest close since the entry of the trade. Chandelier Exit will rise instantly whenever new highs are reached. As the highs get higher the stop moves up but it never moves downward. The Chandelier Exit is mostly used to set a trailing stop-loss during a trend. Trends sometimes extend further than we anticipate and the Chandelier Exit can help traders ride the trend a little longer. Even though it is mostly used for stop-losses, the Chandelier Exit can also be used as a trend tool. A break above the Chandelier Exit (long) signals strength, while a break below the Chandelier Exit (short) signals weakness. Once a new trend begins, chartists can then use the corresponding Chandelier Exit to help define this trend. Developer: Charles Le Beau Here's the link to a complete list of all my indicators: tr.tradingview.com Şimdiye kadar paylaştığım indikatörlerin tam listesi için: tr.tradingview.com
Pine Script® indicator
by KivancOzbilgic
3
Chandelier Exit by fr3762 KIVANÇChandelier Exit Developed by Charles Le Beau and featured in Alexander Elder's books, the Chandelier Exit sets a trailing stop-loss based on the Average True Range (ATR). The indicator is designed to keep traders in a trend and prevent an early exit as long as the trend extends. Typically, the Chandelier Exit will be above prices during a downtrend and below prices during an uptrend. The author, Chuck LeBeau explains: It lets "... profits run in the direction of a trend while still offering some protection against any reversal in trend." According to the theory, traders should exit long positions at either the highest high since entry minus 3 ATRs . Similarly traders should exit short positions at either the lowest low since entry plus 3 ATRs . The exit stop is placed at a multiple of average true ranges from the highest high or highest close since the entry of the trade. Chandelier Exit will rise instantly whenever new highs are reached. As the highs get higher the stop moves up but it never moves downward. The Chandelier Exit is mostly used to set a trailing stop-loss during a trend. Trends sometimes extend further than we anticipate and the Chandelier Exit can help traders ride the trend a little longer. Even though it is mostly used for stop-losses, the Chandelier Exit can also be used as a trend tool. A break above the Chandelier Exit (long) signals strength, while a break below the Chandelier Exit (short) signals weakness. Once a new trend begins, chartists can then use the corresponding Chandelier Exit to help define this trend. Developer: Charles Le Beau
Pine Script® indicator
by KivancOzbilgic
7
Moving Average Cross and/or Bbands botHello TradingView and world! This is one of our latest concepts for an actual bot builder. This script comes with a bunch of features that we're hoping will alleviate a lot of the stress and confusion around using and building strategies here on TV. Especially if the end-goal is to automate the strategies using Autoview. This is a combination of 2 strategies, and gives you full control of each component within the script. The 2 strategies are: 2 Moving Averages == if close is greater than moving average and moving average 1 is greater than moving average 2 Bolling Bands == if close is less than lower or greater than upper Features / Settings included : - Ability to change settings from a commodity market (default) to an altcoin or forex market. - Backtest time period selector component - Heiken Ashi Candles on/off - Moving Average Strategy on/off - Bollinger Bands Strategy on/off - Both Moving Average settings can be adjusted - Bollinger Bands length and multiplier can be adjusted. - Pyramiding Greater Than, Equal To, or Less Than - Trailing Stop with the ability to set a price in which the Trailing Stop activate - Take Profit on/off and editable - Stop Loss on/off and editable - Margin Call on/off dependent on Leverage which is editable - If pyramiding is used, the strategy will calculate and display your average on the chart - Profit and Loss visuals added to the chart You can watch a video here on how all the settings can be used and work together. www.youtube.com You can learn more about Autoview here: autoview.with.pink Get your invite and join us in slack here: slack.with.pink
Pine Script® strategy
by CryptoRox
30
JC_MacD_RSI_Candle_Strat_public// // Author : Jacques CRETINON // Last Version : V1.0 11-22-2016 // // Risk disclaimer : Do not use this script in production environment. We assume no liability or responsibility for any damage to you, your computer, or your other property, due to the use of this script. // // Purpose of this script : // 1- use same pine code for strategy or study script (with simple modifications) // 2- be able to send alerts : enterlong, entershort, exitlong, exitshort, stoplosslong, stoplossshort, takeprofitlong, takeprofitshort in a study script like a strategy script should do // 3- do not repaint (I HOPE) // // RoadMap : // 1- manage : Trailing Stop Loss and Trailing Stop Loss offset // // I use this script : // 1- with default value for XAUUSD, current chart resolution : 1mn, large timeframe : 15mn. // 2- That's why I hard code MACD5 (5mn average), MACD15 (15mn average), MACD60 (1h average) ... // 3- MACD, RSI (1mn and 15mn) and Candles info are my inputs to take any decisions // // I do not publish my enterLong, enterShort, exitLong and exitShort conditions (lines 204 to 207 are sample !) as they are not as perfect as I'd like. Fell free to use your own conditions :) // // Please, report me any bug, fell free to discuss and share. English is not my natural language, so be clement ;) Happy safe trading :)
Pine Script® strategy
by Cretinon
4
Strategy Code Example - Risk Management*** THIS IS JUST AN EXAMPLE OF STRATEGY RISK MANAGEMENT CODE IMPLEMENTATION *** For my own future reference, and for anyone else who needs it. Pine script strategy code can be confusing and awkward, so I finally sat down and had a little think about it and put something together that actually works (i think...) Code is commented where I felt might be necessary (pretty much everything..) and covers: Take Profit Stop Loss Trailing Stop Trailing Stop Offset ...and details how to handle the input values for these in a way that allows them to be disabled if set to 0, without breaking the strategy.exit functionality or requiring a silly amount of statement nesting. Also shows how to use functions (or variables/series) to execute trade entries and exits. Cheers!
Pine Script® strategy
by JayRogers
61
Ichimoku-Hausky Trading systemThis is a indicator with some parts of the ichimoku and EMA. It's my first script so i have used other peoples script (Chris Moody and DavidR) as reference cause I really have no idea myself on how to script with pinescript. Hope that is okay! I use 20M timeframe but it should work with any timeframe! I have not tested this system much so I would really appreciate feedback and tips for better entries, settings etc.. Tenken-sen: green line Kijun-sen: blue line EMA: Purple Rules: Buy: IF price crosses or bounce above Kijun-sen THEN see if market has closed above EMA IF Market has closed above EMA THEN see if EMA is above Kijun-sen IF EMA is above Kijun-sen THEN buy and set trailing stop 5 pips below EMA Sell: IF price crosses or bounce below Kijun-sen THEN see if market has closed below EMA IF Market has closed below EMA THEN see if EMA is below Kijun-sen IF EMA is below Kijun-sen THEN sell and set trailing stop 5 pips above EMA
Pine Script® indicator
by Hausky
SuperTrend BFThe SuperTrend overlay by Olivier Seban provides an excellent 'trailing stop' that can be used with any bar length for bullish or bearish moves. My preferred timeframe is weekly for capturing huge (Super) moves. For instance applying it to AAPL, this baby would have us reeling in a fivebagger over the course of three years. Patience and holding your nerve are key to trend following and I like to think of SuperTrend as a great big visual 'crutch' right there on the chart. Essentially this is an average true range trailing stop, of which there are several versions available (eg see the Sylvain Vervoort version programmed by H Potter). SuperTrend differs by referring the stop back from the middle of the bar (High+Low)/2. This is similar to using the Vervoort with a tweak to the number of ATR's considered. At the end of the day its a matter of preference and what works best for you.
Pine Script® indicator
by blindfreddy
8
Superior-Range Bound Renko - Alerts - 11-29-25 - Signal LynxSuperior-Range Bound Renko – Alerts Edition with Advanced Risk Management Template Signal Lynx | Free Scripts supporting Automation for the Night-Shift Nation 🌙 1. Overview This is the Alerts & Indicator Edition of Superior-Range Bound Renko (RBR). The Strategy version is built for backtesting inside TradingView. This Alerts version is built for automation: it emits clean, discrete alert events that you can route into webhooks, bots, or relay engines (including your own Signal Lynx-style infrastructure). Under the hood, this script contains the same core engine as the strategy: Adaptive Range Bounding based on volatility Renko Brick Emulation on standard candles A stack of Laguerre Filters for impulse detection K-Means-style Adaptive SuperTrend for trend confirmation The full Signal Lynx Risk Management Engine (state machine, layered exits, AATS, RSIS, etc.) The difference is in what we output: Instead of placing historical trades, this version: Plots the entry and RM signals in a separate pane (overlay = false) Exposes alertconditions for: Long Entry Short Entry Close Long Close Short TP1, TP2, TP3 hits (Staged Take Profit) This makes it ideal as the signal source for automated execution via TradingView Alerts + Webhooks. 2. Quick Action Guide (TL;DR) Best Timeframe: 4H and above. This is a swing-trading / position-trading style engine, not a micro-scalper. Best Assets: Volatile but structured markets, e.g.: BTC, ETH, XAUUSD (Gold), GBPJPY, and similar high-volatility majors or indices. Script Type: indicator() – Alerts & Visualization Only No built-in order placement All “orders” are emitted as alerts for your external bot or manual handling Strategy Type: Volatility-Adaptive Trend Following + Impulse Detection using Renko-like structure and multi-layer Laguerre filters. Repainting: Designed to be non-repainting on closed candles. The underlying Risk Management engine is built around previous-bar data (close , high , low ) for execution-critical logic. Intrabar values can move while the bar is forming (normal for any advanced signal), but once a bar closes, the alert logic is stable. Recommended Alert Settings: Condition: one of the built-in signals (see section 3.B) Options: “Once Per Bar Close” is strongly recommended for automation Message: JSON, CSV, or simple tokens – whatever your webhook / relay expects 3. Detailed Report: How the Alerts Edition Works A. Relationship to the Strategy Version The Alerts Edition shares the same internal logic as the strategy version: Same Adaptive Lookback and volatility normalization Same Range and Close Range construction Same Renko Brick Emulator and directional memory (renkoDir) Same Fib structures, Laguerre stack, K-Means SuperTrend, and Baseline signals (B1, B2) Same Risk Management Engine and layered exits In the strategy script, these signals are wired into strategy.entry, strategy.exit, and strategy.close. In the alerts script: We still compute the final entry/exit signals (Fin, CloseEmAll, TakeProfit1Plot, etc.) Instead of placing trades, we: Plot them for visual inspection Expose them via alertcondition(...) so that TradingView can fire alerts. This ensures that: If you use the same settings on the same symbol/timeframe, the Alerts Edition and Strategy Edition agree on where entries and exits occur. (Subject only to normal intrabar vs. bar-close differences.) B. Signals & Alert Conditions The alerts script focuses on discrete, automation-friendly events. Internally, the main signals are: Fin – Final entry decision from the RM engine CloseEmAll – RM-driven “hard close” signal (for full-position exits) TakeProfit1Plot / 2Plot / 3Plot – One-time event markers when each TP stage is hit On the chart (in the separate indicator pane), you get: plot(Fin) – where: +2 = Long Entry event -2 = Short Entry event plot(CloseEmAll) – where: +1 = “Close Long” event -1 = “Close Short” event plot(TP1/TP2/TP3) (if Staged TP is enabled) – integer tags for TP hits: +1 / +2 / +3 = TP1 / TP2 / TP3 for Longs -1 / -2 / -3 = TP1 / TP2 / TP3 for Shorts The corresponding alertconditions are: Long Entry alertcondition(Fin == 2, title="Long Entry", message="Long Entry Triggered") Fire this to open/scale a long position in your bot. Short Entry alertcondition(Fin == -2, title="Short Entry", message="Short Entry Triggered") Fire this to open/scale a short position. Close Long alertcondition(CloseEmAll == 1, title="Close Long", message="Close Long Triggered") Fire this to fully exit a long position. Close Short alertcondition(CloseEmAll == -1, title="Close Short", message="Close Short Triggered") Fire this to fully exit a short position. TP 1 Hit alertcondition(TakeProfit1Plot != 0, title="TP 1 Hit", message="TP 1 Level Reached") First staged take profit hit (either long or short). Your bot can interpret the direction based on position state or message tags. TP 2 Hit alertcondition(TakeProfit2Plot != 0, title="TP 2 Hit", message="TP 2 Level Reached") TP 3 Hit alertcondition(TakeProfit3Plot != 0, title="TP 3 Hit", message="TP 3 Level Reached") Together, these give you a complete trade lifecycle: Open Long / Short Optionally scale out via TP1/TP2/TP3 Close remaining via Close Long / Close Short All while the Risk Management Engine enforces the same logic as the strategy version. C. Using This Script for Automation This Alerts Edition is designed for: Webhook-based bots Execution relays (e.g., your own Lynx-Relay-style engine) Dedicated external trade managers Typical setup flow: Add the script to your chart Same symbol, timeframe, and settings you use in the Strategy Edition backtests. Configure Inputs: Longs / Shorts enabled Risk Management toggles (SL, TS, Staged TP, AATS, RSIS) Weekend filter (if you do not want weekend trades) RBR-specific knobs (Adaptive Lookback, Brick type, ATR vs Standard Brick, etc.) Create Alerts for Each Event Type You Need: Long Entry Short Entry Close Long Close Short TP1 / TP2 / TP3 (optional, if your bot handles partial closes) For each: Condition: the corresponding alertcondition Option: “Once Per Bar Close” is strongly recommended Message: You can use structured JSON or a simple token set like: {"side":"long","event":"entry","symbol":"{{ticker}}","time":"{{timenow}}"} or a simpler text for manual trading like: LONG ENTRY | {{ticker}} | {{interval}} Wire Up Your Bot / Relay: Point TradingView’s webhook URL to your execution engine Parse the messages and map them into: Exchange Symbol Side (long/short) Action (open/close/partial) Size and risk model (this script does not position-size for you; it only signals when, not how much.) Because the alerts come from a non-repainting, RM-backed engine that you’ve already validated via the Strategy Edition, you get a much cleaner automation pipeline. D. Repainting Protection (Alerts Edition) The same protections as the Strategy Edition apply here: Execution-critical logic (trailing stop, TP triggers, SL, RM state changes) uses previous bar OHLC: open , high , low , close No security() with lookahead or future-bar dependencies. This means: Alerts are designed to fire on states that would have been visible at bar close, not on hypothetical “future history.” Important practical note: Intrabar: While a bar is forming, internal conditions can oscillate. Bar Close: With “Once Per Bar Close” alerts, the fired signal corresponds to the final state of the engine for that candle, matching your Strategy Edition expectations. 4. For Developers & Modders You can treat this Alerts script as an ”RM + Alert Framework” and inject any signal logic you want. Where to plug in: Find the section: // BASELINE & SIGNAL GENERATION You’ll see how B1 and B2 are built from the RBR stack and then combined: baseSig = B2 altSig = B1 finalSig = sigSwap ? baseSig : altSig To use your own logic: Replace or wrap the code that sets baseSig / altSig with your own conditions: e.g., RSI, MACD, Heikin Ashi filters, candle patterns, volume filters, etc. Make sure your final decision is still: 2 → Long / Buy signal -2 → Short / Sell signal 0 → No trade finalSig is then passed into the RM engine and eventually becomes Fin, which: Drives the Long/Short Entry alerts Interacts with the RM state machine to integrate properly with AATS, SL, TS, TP, etc. Because this script already exposes alertconditions for key lifecycle events, you don’t need to re-wire alerts each time — just ensure your logic feeds into finalSig correctly. This lets you use the Signal Lynx Risk Management Engine + Alerts wrapper as a drop-in chassis for your own strategies. 5. About Signal Lynx Automation for the Night-Shift Nation 🌙 Signal Lynx builds tools and templates that help traders move from: “I have an indicator” → “I have a structured, automatable strategy with real risk management.” This Superior-Range Bound Renko – Alerts Edition is the automation-focused companion to the Strategy Edition. It’s designed for: Traders who backtest with the Strategy version Then deploy live signals with this Alerts version via webhooks or bots While relying on the same non-repainting, RM-driven logic We release this code under the Mozilla Public License 2.0 (MPL-2.0) to support the Pine community with: Transparent, inspectable logic A reusable Risk Management template A reference implementation of advanced adaptive logic + alerts If you are exploring full-stack automation (TradingView → Webhooks → Exchange / VPS), keep Signal Lynx in your search. License: Mozilla Public License 2.0 (Open Source). If you build improvements or helpful variants, please consider sharing them back with the community.
Pine Script® indicator
by SignalLynx
Super-AO with Risk Management Alerts Template - 11-29-25Super-AO with Risk Management: ALERTS & AUTOMATION Edition Signal Lynx | Free Scripts supporting Automation for the Night-Shift Nation 🌙 1. Overview This is the Indicator / Alerts companion to the Super-AO Strategy. While the Strategy version is built for backtesting (verifying profitability and checking historical performance), this Indicator version is built for Live Execution. We understand the frustration of finding a great strategy, only to realize you can't easily hook it up to your trading bot. This script solves that. It contains the exact same "Super-AO" logic and "Risk Management Engine" as the strategy version, but it is optimized to send signals to automation platforms like Signal Lynx, 3Commas, or any Webhook listener. 2. Quick Action Guide (TL;DR) Purpose: Live Signal Generation & Automation. Workflow: Use the Strategy Version to find profitable settings. Copy those settings into this Indicator Version. Set a TradingView Alert using the "Any Alert() function call" condition. Best Timeframe: 4 Hours (H4) and above. Compatibility: Works with any webhook-based automation service. 3. Why Two Scripts? Pine Script operates in two distinct modes: Strategy Mode: Calculates equity, drawdowns, and simulates orders. Great for research, but sometimes complex to automate. Indicator Mode: Plots visual data on the chart. This is the preferred method for setting up robust alerts because it is lighter weight and plots specific values that automation services can read easily. The Golden Rule: Always backtest on the Strategy, but trade on the Indicator. This ensures that what you see in your history matches what you execute in real-time. 4. How to Automate This Script This script uses a "Visual Spike" method to trigger alerts. Instead of drawing equity curves, it plots numerical values at the bottom of your chart when a trade event occurs. The Signal Map: Blue Spike (2 / -2): Entry Signal (Long / Short). Yellow Spike (1 / -1): Risk Management Close (Stop Loss / Trend Reversal). Green Spikes (1, 2, 3): Take Profit Levels 1, 2, and 3. Setup Instructions: Add this indicator to your chart. Open your TradingView "Alerts" tab. Create a new Alert. Condition: Select SAO - RM Alerts Template. Trigger: Select Any Alert() function call. Message: Paste your JSON webhook message (provided by your bot service). 5. The Logic Under the Hood Just like the Strategy version, this indicator utilizes: SuperTrend + Awesome Oscillator: High-probability swing trading logic. Non-Repainting Engine: Calculates signals based on confirmed candle closes to ensure the alert you get matches the chart reality. Advanced Adaptive Trailing Stop (AATS): Internally calculates volatility to determine when to send a "Close" signal. 6. About Signal Lynx Automation for the Night-Shift Nation 🌙 We are providing this code open source to help traders bridge the gap between manual backtesting and live automation. This code has been in action since 2022. If you are looking to automate your strategies, please take a look at Signal Lynx in your search. License: Mozilla Public License 2.0 (Open Source). If you make beneficial modifications, please release them back to the community!
Pine Script® indicator
by SignalLynx
The Trade Plan 9 & 15 EMA⭐ What Are EMAs? An Exponential Moving Average (EMA) gives more weight to recent prices, making it more responsive than a simple moving average. 9-EMA = very fast, reacts quickly to price changes 15-EMA = slightly slower, smooths short-term noise Together they help identify momentum shifts. 📈 How the 9/15 EMA Strategy Works 1. Buy Signal (Bullish Crossover) You enter a long (buy) trade when: ➡ 9 EMA crosses above the 15 EMA This suggests momentum is shifting upward and a new uptrend may be forming. 2. Sell Signal (Bearish Crossover) You enter a short (sell) trade or exit long positions when: ➡ 9 EMA crosses below the 15 EMA This suggests momentum is turning downward. 🔧 How Traders Typically Use It Entry Wait for a clear crossover. Confirm with price closing on the same side of EMAs. Some traders add confirmation using RSI, MACD, or support/resistance. Exit Several options: Exit when the opposite crossover occurs. Exit at predetermined risk-reward levels (e.g., 1:2). Use trailing stop below/above EMAs. 👍 Strengths Easy to follow Good for fast-moving markets Works well on trending markets Minimal indicators needed 👎 Weaknesses Whipsaws in sideways markets Many false signals on very low timeframes Works best with additional filters 🕒 Common Timeframes Scalping: 1m, 5m Day trading: 5m, 15m Swing trading: 1H, 4H
Pine Script® indicator
by miyarajmahamad284
Long-Term Strategy: 1-Year Breakout + 6-Month ExitDescripción (Description): (Copia y pega todo lo que está dentro del recuadro de abajo) Description This is a long-term trend-following strategy designed to capture major market moves while filtering out short-term noise. It is based on the classic principle of "buying strength" (Breakouts) and allowing profits to run, while cutting losses when the medium-term trend reverses. How it Works (Logic) 1. Entry Condition (Long Only): The strategy looks for a significant display of strength. It enters a Long position only when two conditions are met simultaneously: Price Breakout: The closing price exceeds the highest high of the last 252 trading days (approximately 1 year). This ensures we are entering during a strong momentum phase. Trend Filter: The SuperTrend indicator (Settings: ATR 10, Factor 3.0) must be bullish. This acts as a confirmation filter to avoid false breakouts in choppy markets. 2. Exit Condition: The strategy uses a trailing stop based on price action, not a fixed percentage. It closes the position when the price closes below the lowest low of the last 126 trading days (approximately 6 months). This wide exit allows the trade to "breathe" during normal market corrections without exiting the position prematurely. Settings & Risk Management Capital Usage: The script is configured to use 10% of equity per trade to reflect realistic risk management (compounding). Commissions: Included at 0.1% to simulate real trading costs. Slippage: Included (3 ticks) to account for market execution variability. Best Use: This strategy is intended for higher timeframes (Daily or Weekly) on trending assets like Indices, Crypto, or Commodities.
Pine Script® strategy
by MrOskama
Fibonacci Retrace + 50 EMA Hariss 369This indicator combines 3 concepts: Fibonacci retracement zones 50 EMA trend filter Price interaction with specific Fib zones to generate Buy/Sell signals Let’s break everything down in simple language. 1. Fibonacci Retracement Logic The script finds: Most recent swing high Most recent swing low Using these two points, it draws Fibonacci levels: Fibonacci Levels Used Level Meaning Calculation 0% Swing Low recentLow 38.2% Light retracement high - (range × 0.382) 50% Mid retracement high - (range × 0.50) 61.8% Deep retracement high - (range × 0.618) 100% Swing High recentHigh 🔍 Why only these levels? Because trading signals are generated based ONLY on:38.2%, 50%,61.8% These 3 levels define the golden retracement zones. 2. Trend Filter — 50 EMA A powerful rule: Trend Up (bullish) ➡️ Price > 50 EMA Trend Down (bearish) ➡️ Price < 50 EMA This prevents signals against the main trend. 3. BUY Conditions (Retracement + EMA) A BUY signal appears when: Price is above the 50 EMA (trend is up) Price retraces into the BUY ZONE: 🔵 BUY ZONE = between 50% and 38.2% Fibonacci i.e.,close >= Fib50 AND close <= Fib38.2 This means: Market is trending up Price corrected to a healthy retracement level Buyers are stepping back in 📘 Why this zone? This is a moderate retracement (not too shallow, not too deep). Smart money often enters at 38.2%–50% in a strong trend. 📘 BUY Signal Appears With: Green “BUY” label Green arrow below the candle 4. SELL Conditions (Retracement + EMA) A SELL signal appears when: Price is below the 50 EMA (trend is down) Price retraces upward into the SELL ZONE: 🔴 SELL ZONE = between 50% and 61.8% Fibonacci i.e.,close <= Fib50 AND close >= Fib61.8 This means: Market is trending down Price made a pullback Sellers regain control in the golden zone 📘 Why this zone? 50–61.8 retracement is the ideal bearish pullback level. 📘 SELL Signal Appears With: Red “SELL” label Red arrow above the candle 5. STOP-LOSS (SL) RULES For BUY trades, Place SL below 61.8% level.SL = Fib 61.8% OR more safe:SL = swing low (Fib 0%) For SELL trades Place SL above 38.2% level.SL = Fib 38.2% OR conservative: SL = swing high (Fib 100%) 6. TAKE-PROFIT (TP) RULES Based on common Fibonacci extensions. BUY Trade TP Options TP Level Meaning TP1 Return to 38.2% Quick scalping target TP2 Return to swing high Full trend target TP3 Breakout above swing high Trend continuation Practical suggestion: TP1 = 1× risk TP2 = 2× risk TP3 = trailing stop SELL Trade TP Options TP Level Meaning TP1 Return to 61.8% Moderate bounce TP2 Return to swing low Trend target TP3 Break below swing low Trend continuation 7. Recommended Trading Plan (Simple) BUY PLAN Price > 50 EMA (uptrend) Enter at BUY signal in 38.2–50% zone SL at 61.8% TP at swing high or structure break SELL PLAN Price < 50 EMA (downtrend) Enter at SELL signal in 50–61.8% zone SL above 38.2% TP at swing low 🟩 Summary (Very Easy to Remember) 🔵 BUY Trend: above 50 EMA Zone: between 50% and 38.2% SL: below 61.8% TP: swing high 🔴 SELL Trend: below 50 EMA Zone: between 50% and 61.8% SL: above 38.2% TP: swing low
Pine Script® indicator
by Hariss369
Average Directional Index infoAverage Directional Index (ADX) is a technical indicator created by J. Welles Wilder that measures trend strength (not direction!). Values range from 0 to 100. This indicator is a supplementary tool for assessing whether trend strategies are worthwhile, monitoring changes in trend strength and avoiding weak, choppy movements Value Interpretation: 0-25: Weak trend or sideways market 25-50: Moderate to strong trend 50-75: Very strong trend 75-100: Extremely strong trend (rare) Important: ADX does not indicate trend direction (up/down), only its strength! This script indicator includes additional features: 1. ADX Plot (purple line) Basic ADX value showing current trend strength. 2. ADX Trend Analysis (arrows) The script compares current ADX with its 10-period moving average with ±5% tolerance: ↑ (green): ADX rising → trend strengthening ↓ (red): ADX falling → trend weakening ⮆ (gray): ADX stable → trend strength unchanged 3. Information Table Displays current ADX value with trend arrow in the top-right corner. Parameters to Configure Smoothing (default: 14) - Indicator smoothing period Lower values (e.g., 7): more sensitive, more signals Higher values (e.g., 21): more stable, less noise Indicator Length (default: 14) - Period for calculating directional movement (+DI/-DI) Wilder's standard value is 14 Trend Length (default: 10) - Period for moving average to analyze ADX dynamics Determines how quickly changes in trend strength are detected Practical Application ✅ Strategy 1: Trend Strength Filter 1. ADX > 25 → look for positions aligned with the trend 2. ADX < 25 → avoid trend strategies, consider oscillators ✅ Strategy 2: Entries on Strengthening Trend 1. ADX crosses above 25 + arrow ↑ → trend gaining momentum 2. Combine with other indicators (e.g., EMA) for direction confirmation ✅ Strategy 3: Exhaustion Warning 1. ADX > 50 + arrow ↓ → strong trend may be exhausting 2. Consider profit protection or trailing stop
Pine Script® indicator
by Jawortrader