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MACD Sticky Dots Bull & Bear **Sticky Dots – Multi-Confirmation Momentum & Trend Indicator** What is it? Dots designed to show momentum of trend, weak or strong illustrated through size and color. Certain thresholds give GREEN DOTS OR RED DOTS, when strong the dots are LARGER. Colors of candles are plotted along with Buy and Sell signals and rare reversal signals (these are all plotted based on inputs in the indicator). Along with these Dots is a moving average derived from Bollinger Bands, this acts as both support and resistance to price. Also Pivot Highs and Pivot Lows get plotted based on all these inputs and price action combined. BELOW IS MORE DETAILS **Key Visual Elements & Color/Symbol Meaning** **1. Candlestick Colors** (toggle: "Show Candle Colors") - **Bright Green** (#00FF00 shades): Price closes ≥ upper dispersion band (close ≥ disp_up). Strong bullish momentum. - **Bright Red** (#FF0000 shades): Price closes ≤ lower dispersion band (close ≤ disp_down). Strong bearish momentum. - **Yellow** (#FFEA00): Price inside the dispersion bands (neutral zone). Trend is consolidating or weak. **2. Basis Moving Average Line** (20-period EMA, toggle: "Show Price Basis MA") The thick line on price follows the same coloring logic as candles derived from thresholds that deem them bullish(green), consolidating(yellow) or bearish(red): - **Dark Green** (rgb(0,162,30)): Strong bullish - **Lime Green** (rgb(153,253,2)): Moderate bullish - **Yellow** (#FFEA00): Neutral or weak. - **Red** (rgb(243,13,13)): Bearish **3. MACD Dots/Circles** (below bars, toggle: "Show Dots") Normalized & sigmoid-compressed MACD histogram plotted as sticky dots: - **small Green Dots** MACD positive: - Solid bright green (#00FF00): Increasing momentum. - Slightly transparent green (#16FF0A): Decreasing but still bullish. - **Large Circle** (instead of small dot): Stochastic Momentum is in strong bull zone→ overbought emphasis. - **Red Dots/Circles** (condensed_histNorm < 50): - Solid bright red (#FF0000): Decreasing momentum (stronger bearish). - Slightly transparent red (#FF0707): Increasing but still bearish. - **Large Circle**: Stochastic Momentum is in strong bear zone → oversold emphasis. **4. Buy/Sell Signals** - **"B"** (green, below bar): Buy signal – confluence of all inputs in indicator in bullish state prints B - **"S"** (red, above bar): Sell signal – confluence of all inputs in indicator in bearish state prints S - **"R"** (yellow, below bar): Reversal – appears only after a completed downswing when price closes back above basis with new green dots (signals potential bottom). **5. Pivot High / Pivot Low Lines** (horizontal) DESIGNED TO FIND PIVOT TOPS/BOTTOMS - **Red horizontal line** (from swing high): Marks confirmed Pivot High during an active long (buy) position. Triggered when red circles appear after a bright red condition. - **Green horizontal line** (from swing low): Marks confirmed Pivot Low during an active short (sell) position. Triggered on fresh green circles. **6. Optional Plots** - **Outer Bollinger Bands**: Standard Bollinger bands by the Great John Bollinger. - **Dispersion Bands** (white, with translucent fill matching Trend color) **How to Read & Trade the Indicator** 1. **Overall Trend Direction** - Look at the Basis MA color first: - Green → Uptrend bias. - Red → Downtrend bias. - Yellow → Range/Consolidation. 2. **Momentum Strength** - Green dots/circles (especially large ones) = bullish momentum building. - Red dots/circles (especially large) = bearish momentum building. - Brighter dots + price outside dispersion = stronger conviction. 3. **Candle Coloring for Quick Bias** - Green candles = price in strong bullish zone. - Red candles = strong bearish zone. - Yellow = indecision/consolidation – wait for breakout. 4. **Entry Signals** - Wait for a **"B"** in a green/yellow candle context with green dots appearing. - Best entries when price is above basis and Green dots are Large - **"R"** label =potential big Reversal 5. **Exit / Reversal Management** - Active long → watch for red circles → confirmed PH line = potential exit zone. - Active short → watch for green circles → confirmed PL line = potential cover zone. - **"R"** label = early warning of possible reversal after a downswing.
Pine Script® indicator
by MasterTonyTA
Bollinger Bands Bull/BearBollinger Bands Bull/Bear by MasterTony Overview & How It Works: This indicator enhances classic Bollinger Bands by the legendary John Bollinger with emphasizing dynamic bull/bear coloring, gradient strength fills, overextension highlights, and an orange squeeze overlay to visualize volatility contraction. Core Calculations: Basis Line: User-selectable moving average (SMA by default) of the source (close by default). Upper / Lower Bands: Basis ± (Multiplier × Standard Deviation over the chosen length). Default multiplier = 2.0. Bull / Bear State Determination: Price position relative to the basis and outer or lower bollinger bands, smoothed with a short EMA. Hysteresis is applied to prevent rapid flipping during consolidation. Result: stable bullish state when price is convincingly above the basis, bearish when below. Proximity & Gradient Strength: Distance from price to each band is measured and normalized against current band width. The closer price is to a band, the stronger the signal and the more opaque the fill becomes. Colored Band Fills: Bullish state → mint-green fills around both bands (brighter/opaquer when price hugs the upper band). Bearish state → red fills around both bands (brighter/opaquer when price hugs the lower band). Special Overextension Fill: When price is very close (>85%) to the "active" band (upper in bull, lower in bear) and the state is confirmed, a Brighter gradient of the band green (bull) or lred (bear). Strong Vs Weak Bollinger Thicker the Bollinger Band stronger the trend, thinner the weaker. Gradient going from brighter to more transparent highlights potential exhaustion of strong Bollinger. Squeeze Detection (Orange Overlay): Bollinger Band Width Percentile (BBWP) is calculated over a user-defined lookback (default 100 bars). Squeeze = BBWP ≤ 25% (bands are historically narrow). Tight squeeze = BBWP < 15% → brighter orange. Orange fill covers the entire area between upper and lower bands during squeeze periods. Toggle available to hide squeeze fills if desired. How to Read & Trade This Indicator Visual Interpretation: Green-dominant chart (mint fills + possible light-green basis-to-band fill) = bullish bias. The brighter and fuller the green, the stronger the momentum (price pushing against or touching the upper band). Red-dominant chart (red fills + possible light-red basis-to-band fill) = bearish bias. Brighter/fuller red = stronger downward pressure. Light special fills (light green or light red from basis to band) = overextension zone. Often seen near trend extremes — watch for continuation (breakout) or reversal (failure to hold the band). Orange overlay = low volatility / squeeze. Two shades: Lighter orange = regular squeeze (potential move brewing). Brighter orange = very tight squeeze (high probability of imminent explosive move). Trading Guidelines: Trend Following (Shows Bull Zone and Bear Zones): In green fills → favor longs or hold existing longs. In red fills → favor shorts or hold existing shorts. Strength increases as fills become more opaque (price near the outer band). Squeeze Breakouts (Highest Probability Setups): Wait for orange squeeze to appear. When price closes outside the bands (breakout), enter in the direction of the break. Bias the trade toward the prevailing color:Breakout upward during green fills = strong long signal. Breakout downward during red fills = strong short signal. If breakout direction opposes the color bias, be cautious (lower probability). Entry/Exits: Follow the Band color, Band color with special fill green or red is strong to determining Bull or Bear states. Green=price up Red= Price down Risk Management: Use the basis line as dynamic support/resistance. Stops can be placed just beyond the opposite band or basis during strong trends. Combine with volume or other confirmation for higher conviction. This visual upgrade makes Bollinger Bands far more intuitive — the chart literally colors itself bullish or bearish while highlighting volatility cycles and overextension zones. Great for trend, breakout, and mean-reversion strategies across any timeframe. Enjoy fellow traders, this is V1 more versions will be updated. Please also boost and comment would love your ideas on advancements to this. Cheers, MasterTony
Pine Script® indicator
by MasterTonyTA
IL - Bull and Bear Engulfing Detector - v01Description: This indicator is designed to identify and highlight Bullish and Bearish Engulfing candlestick patterns on your chart. It offers a high degree of customization through different engulfing definitions and an optional strictness filter, allowing traders to tailor the detection to their specific criteria for these common reversal signals. Features: - Universal Detection: Identifies both Bullish Engulfing and Bearish Engulfing patterns. - Configurable Engulfing Modes (via "Engulfing Definition Type" input): 1. "Body (O/C)": Traditional - current body engulfs previous body. 2. "Range (H/L)": Current H/L range engulfs previous H/L range. 3. "Body & Range (Super)": Requires BOTH "Body (O/C)" AND "Range (H/L)" conditions. - Optional "Larger Body" Filter: Engulfing body must be strictly larger. - Display Toggles: Options to show/hide Bullish and/or Bearish pattern signals. - Customizable Colors: Bar colors for bullish/bearish patterns are user-configurable. - Data Logging: Option to log detected pattern details to the Pine Logs. - Visual Signals: Patterns marked with plot shapes and optional bar coloring. How to Use & Interpret: - Configure "Engulfing Definition Type", "Require Larger Engulfing Body?", display toggles, and colors in the indicator settings. - Enable "Log Detected Pattern Examples?" in "Debug Options" to capture data. - BE = Bullish Engulfing (green triangle below bar). BRE = Bearish Engulfing (red triangle above). - Use with other analysis methods for confirmation. Disclaimer: Trading involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results.
Pine Script® indicator
by TheIndigoLynx
TGs The Strat Bull n Bear Engulf V1.2After accidentally violating house rules. I am republishing the script. The script is based upon #TheStrat, which is Rob Smith's way of looking at price action. It takes into account a candles ENTIRE range, wicks included. So a Bullish candle (colored however you would like) when it closes will engulf the complete range of the prior bar and indicate by painting the bar your color choice. A Bearish will do the same. In the Style menu, the first color will be the Bear color the second the Bull. Any issues please let me know. Spread THE STRAT for all of mankind.
Pine Script® indicator
by Trader_Green
Elder Ray Bull and Bear Power OscillatorsElder Ray Bull and Bear Power Oscillators Tradingview Screener Bull Bear Power(BBPOWER) OVERVIEW The Bull and Bear Power oscillators developed by Dr Alexander Elder attempt to measure the power of buyers (bulls) and sellers (bears) to push prices above and below the consensus of value. The primary principles on which Elder based the oscillator are: The highest price displays the maximum buyer’s power within the day. The lowest price displays the maximum seller’s power within the day. The moving average can be construed as a price agreement between buyers and sellers for a given time period. The Bulls/Bears power balance is important since changes in this balance can signal the early stages of a potential trend reversal. CALCULATION Elder uses a 13-day exponential moving average (EMA) to indicate the consensus market value. Bull Power is calculated by subtracting the 13-day EMA from the day’s high. Bear Power is derived by subtracting the 13-day EMA from the day’s low. TRADING WITH THE ELDER RAY BULL AND BEAR POWER OSCILLATORS BULL POWER Where a currency uptrend is sustained to the point that maximum prices move above the EMA the Bull Power histogram will be greater than zero. As price maximums accelerate to greater levels (above the EMA) during the rising trend histogram bars will increase in height above the zero line showing the increased buying strength during the period. BEAR POWER Where a currency downtrend is sustained to the point that minimum prices move below the EMA the Bear Power histogram will be less than zero. As price minimums accelerate to lower levels (below the EMA) during the falling trend histogram bars will increase in height below the zero line showing increased selling strength during the period. TRADING SIGNALS It is important for traders to use the Elder Ray oscillators in conjunction with the EMA overlay over the price chart (typically as per period being analysed) to give additional context to the signals. Sell signals are given if Bull Power is above zero and there is a bearish divergence in the Bull Power histogram or if the Bull Power histogram is above zero and falling. Buy signals are given if Bear Power is below zero and there is a bullish divergence in the Bear Power histogram or if the Bear Power histogram is below zero and rising. It is extremely important for traders to only trade in the above scenarios if the direction of the trend indicated by the slope of the EMA on the price chart is in the direction of their trade when the signal is given (or shortly after).
Pine Script® indicator
by ceyhun
5
Bull vs Bear CandlesThe Bull vs Bear Candles indicator helps you analyze market sentiment by counting and comparing bullish and bearish candles. It tracks the number of bullish candles and calculates their percentage, then does the same for bearish candles. Based on this data, the indicator determines whether bulls or bears are in control. Additionally, it counts the total number of candles within the selected range, giving you a clearer picture of price action. Use this tool to quickly assess market trends and make more informed trading decisions. 🚀
Pine Script® indicator
by yourtradingbuddy
Bull / Bear Market RegimeBull / Bear Market Regime Instructions: - A simple risk on or risk off indicator based on CBOE's Implied Correlation and VIX to highlight and indicate Bull / Bear Markets. To be used with the S&P500 index as that's the source from where the CBOE calculates and measures implied volatility & implied correlation. Can also be used with the other indices such as: Dow Jones, S&P 500, Nasdaq, & Nasdaq100, & Index ETF's such as DIA, SPY, QQQ, etc. - Know the active regime, see the larger picture using the Daily or Weekly view, and visualize the current "Risk On (Bull) or Risk Off (Bear)" environment. Description: - Risk On and Risk Off simplified & visualized. Know if we are in a RISK ON or RISK OFF environment (Bull or Bear Market). (Absolute bottoms and tops will occur BEFORE a Risk On (Bull Market) or Risk Off (Bear Market) environment is confirmed!) This indicator is not meant to bottom tick or uptick market price action, but to show the active regime. - Green: Bull Market, Risk On, low volatility, and low risk. - Red: Bear Market, Risk Off, high volatility, and higher risk. Buy & Sell Indicators (DAILY time frame) - Nothing is 100% guaranteed! Can be used for short to medium term trades at the users discretion in BEAR MARKETS!! - These signals are meant to be used during a RISK OFF / BEAR MARKET environment that tends to be accompanied with high volatility. A Risk on / Bull Market environment tends to have low volatility and endless rallies, so the signals will differ and in most instances not apply for Bull market / Risk on regime. - The SELL signal will more often than not signal that a pullback is near in a BULL market and that a BMR-Bear Market Rally is almost over in a BEAR market. - The BUY signal will have far more accuracy in a BEAR market-high volatility environment and can Identify short-term and major bottoms. Always use proper sizing and risk management!
Pine Script® indicator
by SheepWoolos
Bull/Bear Candle % Oscillator█ OVERVIEW This script determines the proportion of bullish and bearish candles in a given sample size. It will produce an oscillator that fluctuates between 100 and -100, where values > 0 indicate more bullish candles in the sample and values < 0 indicate more bearish candles in the sample. Data produced by this oscillator is normalized around the 50% value, meaning that an even 50/50 split between bullish and bearish candles makes this oscillator produce 0; this oscillator indirectly represents the percent proportion of bullish and bearish candles in the sample (see HOW TO USE/INTERPRETATION OF DATA ). It has two overarching settings: 'classic' and 'range'. █ CONCEPTS This script will cover concepts related to candlestick analysis, volumetric analysis, and lower timeframes. Candlestick Analysis - The idea behind this script is to solely look at the candlesticks themselves and derive information from them in a given sample. It separates candles into two categories, bullish (close > open) and bearish (close < open). If the indicator's setting is set to 'classic', the size of candles do not matter and all are assigned a value of 1 or 0. If the indicator's setting is set to 'range', specific candle ranges modify the proportion of bullish/bearish values. Bullish candle values include all bullish candles in the set from their lows to the close, plus the lower wicks of all bearish candles. Bearish candle values include all bearish candles in the set from their highs to the close, plus the upper wicks of all bullish candles. Volumetric Analysis - One of this script's features allows the user to modify the bullish and bearish candle proportions by its 'weight' determined by its volume compared to the sample set's total volume. Volumetric analysis for the 'range' setting are more complex than 'classic' as described below. Lower Timeframes - For volumetric analysis to be done on candle wicks, there needed to be a way to determine how much volume had occurred in the wick by itself to find the weight of upper and lower wicks. To accomplish this, I employed PineScrypt's request.security_lower_tf function to grab OHLC values of lower timeframe candles (as well as volume) to determine how much volume had occurred in the wicks of the chart resolution's candle. The default OHLC values used here are the lows for upper wicks and highs for lower wicks. These OHLC values are then compared to the chart resolution candle's close to determine if the volume of that lower timeframe candle should be shifted to the wick weight or stay in the current weight of that candle. The reason 'low' and 'high' are used here is to guarantee that 100% of the volume of a lower timeframe candle had occurred in the wick of the candle at the current resolution (see LIMITATIONS ). Bullish candles will exclude volume of all lower timeframe candles whose lows were greater than that candle's close. Bearish candles will exclude volume of all lower timeframe candles whose highs were less than that candle's close. These wick volumes are then divided by the volume of the sample set, and wick sizes are then multiplied by this weight before being added to their specific bullish/bearish sums (lower wicks to bullish and upper wicks to bearish). █ FEATURES There are 13 inputs for the user to modify the behavior/visual representation of this script. Sample Length - This determines how many candles are in the sample set to find the proportion of bullish and bearish candles. Colors and Invert Colors - There are three colors set by the user: a bullish color, neutral color, and bearish color. The oscillator plots two lines, one at 0 and another that represents the proportion of bullish or bearish candles in the sample set (we'll call this the 'signal line'). If the oscillator is above 0, bullish color is used, bearish otherwise. This script generates a gradient to color a filled area between the 0 line and the signal line based on the historical values of the oscillator itself and the signal line. For bullish values, the closer the signal line is to the max (or restricted max described below) that the oscillator has experienced, the more colored toward bullish color the shaded area will be, using the neutral color as a starting point. The same is applied to the bearish values using the bearish color. There is an additional input to invert the colors so that the bearish color is associated with bullish values and vise-versa. Calculation Type - This determines the overarching behavior of the oscillator and has two settings: Classic - The weight of candles are either 1 if they occurred and 0 if not. Range - The weight of candles is determined by the size of specific sections as described in CONCEPTS - Candlestick Analysis . Volume Weighted - This enables modifying the weights of candles as described in CONCEPTS - Volumetric Analysis and Lower Timeframes based on which Calculation Type is used. Wick Slice Resolution - This is the lower timeframe resolution that will be used to slice the chart resolution's candle when determining the volumetric weight of wicks. Lower timeframe resolutions like '1 minute' will yield more precise results as they will give more data points to go off of (see LIMITATIONS ). Upper/Lower Wick Source - These two inputs allow the user to select which OHLC values to compare against the chart resolution's candle close when determining which lower timeframe candles will have their volumes associated with the wicks of candles being analyzed at the chart's resolution. Restrict Min/Max Data and Restriction - This will restrict the maximum and minimum values that will be used for the signal line when comparing its value to previous oscillator values and change how the color gradient is generated for the indicator. Restriction is the number of candles back that will determine these maximum and minimum values. Display Min/Max Guide - This will plot two lines that are colored the corresponding bullish and bearish colors which follow what the maximum and minimum values are currently for the oscillator. █ HOW TO USE/INTERPRETATION OF DATA As mentioned in the OVERVIEW section, this oscillator provides an indirect representation of the percent proportion of bullish or bearish candles in a given sample. If the oscillator reads 80, this does not mean that 80% of all candles in the sample were bullish . To find the percentage of candles that were bullish or bearish, the user needs to perform the following: 50% + ((|oscillator value| / 100) * 50)% If the oscillator value is negative, the value from above will represent the percentage of bearish candles in the sample. If it is positive, this value represents the percentage of bullish candles in the sample. Example 1 (oscillator value = 80): 50% + ((|80| / 100) * 50)% 50% + ((0.80) * 50)% 50% + 40% = 90% 90% of the candles in the sample were bullish. Example 2 (oscillator value = -43): 50% + ((|-43| / 100) * 50)% 50% + ((0.43) * 50)% 50% + 21.5% = 71.5% 71.5% of the candles in the sample were bearish. An example use of this indicator would be to put in a 'buy' order when its value shows a significant proportion of the sampled candles were bearish, and put in a 'sell' order when a significant proportion of candles were bullish. Potential divergences of this oscillator may also be used to plan trades accordingly such as bearish divergence - price continues higher as the oscillator decreases in value and vise-versa.* * Nothing in this script constitutes any form of financial advice. The user is solely responsible for their trading decisions and I will not be held liable for any losses or gains incurred with the use of this script. Please proceed with caution when using this script to assist with trading decisions. █ LIMITATIONS Range Volumetric Weights : Because of the conditions that must be met in order for volume to be considered part of wicks, it is possible that the default settings and their intended reasoning will not produce reliable results. If all lower timeframe candles have highs or lows that are within the body of the candle at the chart's resolution, the volume for the wicks will effectively be 0, which is not an accurate representation of those wicks. This is one of the reasons why I included the ability to change the source values used for these conditions as certain OHLC values may produce more reliable/intended results under these conditions. Wick Slice Resolution : PineScript restricts the number of intrabar references to 100,000 total. This script uses 3 separate request.security_lower_tf calls and has a default resolution of 1 minute. This means that if the user were to set the oscillator to the Range setting, enable volume weighted, and had the Wick Slice Resolution set to 1 minute, this script will exceed this 100,000 reference restriction within 24 days of data and will not produce any results beyond the previous 23.14 days. Below are example uses of all the different settings of this script, these are done on the 1D chart of COINBASE:BTCUSD : Default Settings: Classic - Volume Weighted: Range - no Volume Weight: Range - Volume Weighted (1 min slices): Range - Volume Weighted (1 hour slices): Display Min/Max Guide - No Restriction: Display Min/Max Guide - Restriction: Invert Colors:
Pine Script® indicator
by SolCollector
Bulls vs BearsThis indicator helps show whether Bulls or Bears have more power at a given time. On the chart, you can see how one might use this indicator for entry, exit, and confirmation. The math used to calculate the indicator line is as follows: bullPower = high - MA bearPower = low - MA indicatorLine = bullPower + bearPower If the indicator is above the baseline of 0, line is green and Bulls are in power. If the indicator is below the baseline of 0, line is red and Bears are in power. Baseline is defaulted to 0. This can be changed in either direction to create more confirmation about bullish or bearish. This line determines the color of the indicator line. The dark band/channel is based on the Average True Range (ATR). The channel size can be adjusted. When the indicator line moves outside of the channel, it is an extremely strong indicator of who is in power and may precede a reversal or slowdown. Settings that can be adjusted: ATR Multiplier - adjusts the size of the channel. Default is 3 Source (default hlc3) Moving Average Length - Default is 13. Moving Average Type - EMA - SMA - SMMA (RMA) - WMA - VWMA Baseline - Sets color of indicator line to show what's bullish/bearish. Default to 0. Colors: - Indicator Line Colors - ATR Band upper & lower lines - ATR band background
Pine Script® indicator
by ChimpsAndDimp
1
Bitcoin Bulls and Bears by @dbtrBitcoin 🔥 Bulls & Bears 🔥 v1.0 This free-of-charge BTC market analysis indicator helps you better understand what's going with Bitcoin from a high-level perspective. At a glance, it will give you an immediate understanding of Bitcoin’s historic price channel dating back to 2011, past and current market cycles, as well as current key support levels. Usage Use this indicator with any BTCUSD pairs , ideally with a long price history (such as BNC:BLX ) We recommend to use this indicator in log mode, combined with Weekly or Monthly timeframe. Features 🕵🏻‍♂️ Historic price channel curve since 2011 🚨 Bull & bear market cycles (dynamic) 🔥 All-time highs (dynamic) 🌟 Weekly support (dynamic, based on 20 SMA ) 💪 Long-term support (channel bottom) 🔝 Potential future price targets (dynamic) ❎ Overbought RSI coloring 📏 Log/non-log support 🌚 Dark mode support Remarks With exception of the price channel curve, anything in this indicator is calculated dynamically , including bull/bear market cycles (based on a tweaked 20SMA), ATHs, and so on. As a result, historic market cycles may not be 100% accurately reflected and may also differ slightly in between various time-frames (closest result: Monthly). The indicator may even consider periods of heavy ups/downs as their own market cycles, even though they weren’t. Due to its dynamic nature, this indicator can however adapt to the future and helps you quickly identify potential changes in market structure, even if the indicator is no longer updated. On top of that bullmarket cycles (colored in green) feature an ingrained RSI: the darker the green color, the more the RSI is overbought and close to a correction (darkest color in the chart = 90 Weekly RSI). In comparison with past bull cycles, it helps you easily spot potential reversal zones. Thanks Thanks to @quantadelic and @mabonyi which both have worked on the BTC "growth zones" indicator including the price channel, of which I have used parts of the code as well as the actual price channel data. Follow me Follow me here on TradingView to be notified as soon as new free and premium indicators and trading strategies are published. Inquire me for any other requests. Enjoy & happy trading!
Pine Script® indicator
by dbtr
8
Bitcoin Bulls & Bears @dbtr Bitcoin Bulls & Bears The "Bitcoin Bulls & Bears" indicator helps you better understand Bitcoin with a high-level view on Bitcoin’s historic price channel, past and current market cycles, as well as current key support levels. Usage Use this indicator with any BTCUSD pairs , ideally with a long price history (such as BNC:BLX ) We recommend to use this indicator in log mode, combined with Weekly or Monthly timeframe. Features 🕵🏻‍♂️ Historic price channel curve since 2011 🚨 Bull & bear market cycles (dynamic) 🔥 All-time highs (dynamic) 🌟 Weekly support (dynamic, based on 20 SMA) 💪 Long-term support (channel bottom) 🔝 Potential future price targets (dynamic) 📏 Log/non-log support 🌚 Dark mode support Remarks Except for the historic price channel curve, all of this indicator is calculated dynamically , including bull/bear market cycles (based on a tweaked 20SMA). Due to this, the historic market cycles may not be 100% accurate and may also differ slightly between time-frames. It may also consider short times of ups/downs to be their own market cycles, even though they weren’t. This dynamic nature allows this indicator to adapt to the future and quickly help you identify changes in market structure. On top of the that, the bullmarket cycles (green background) feature an ingrained RSI information: the darker the green, the more the RSI is overbought and close to a correction. In combination with past bull cycles, it is easier to spot potential reversal zones. Thanks Thanks to @quantadelic and @mabonyi for their pre-work on the price channel information, which I have taken over here
Pine Script® indicator
by dbtr
C320up Bear Power C320up Bear Power “The Bears Power oscillator was developed by Alexander Elder. It measures the difference between the lowest price and a 13-day Exponential Moving Average (EMA), plotted as a histogram. If the Bears Power indicator is below zero, it means sellers were able to drive price below the EMA. If the Bears Power indicator is above zero, it means buyers were able to keep the lowest price above the EMA. Bears Power is a fully unbounded oscillator with a base value of 0 and has no lower or upper limit. The indicator is often used in combination with other signals.” ~ TradingView You can customise the colours of this indicator or change from histogram to area, line, etc., or a combination of these. The default colours are Green (Bulls) for above zero, and Red (Bears) for below zero. This indicator is not to be confused with Elder’s Force Index, which uses SMA and Volume.
Pine Script® indicator
by C320up
1
SCOTTGO - RVOL Bull/Bear Painter (Real-Time) SCOTTGO - RVOL Bull/Bear Painter (Real-Time Momentum Detection) 📌Overview The RVOL Bull/Bear Painter is a Pine Script indicator designed to instantly highlight high-momentum candles driven by significant Relative Volume (RVOL). It provides a clear visual signal (bar color, shape, and label) when a candle's volume exceeds its average by a user-defined threshold, confirming strong bullish or bearish interest in real-time. This helps traders quickly identify potential institutional accumulation/distribution or breakout/breakdown attempts. ✨ Key Features Relative Volume (RVOL) Calculation: Automatically calculates the ratio of the current bar's volume to its moving average (SMA or EMA) over a customizable lookback period. Momentum Confirmation: Paints the candle green (bullish) or red (bearish) only when both price direction and high RVOL criteria are met. Real-Time Detection: Uses a plotshape method to display the signal triangle as soon as the RVOL and direction conditions are met on the currently forming candle, aiming for faster alerts than bar-close coloring. Customizable Threshold: Easily adjust the RVOL multiplier (e.g., 1.5x, 2.0x, 3.0x) to filter out noise and only focus on truly significant volume events. Labels and Alerts: Displays a volume multiplier label (e.g., BULL 2.55x) and includes pre-configured alert conditions for automated notifications. 🛠️ How to Use It 1. Identify High-Conviction Moves Look for the painted candles and the corresponding labels. A candle painted green with a BULL label (e.g., BULL 2.5x) indicates that buyers stepped in with 2.5 times the typical volume to drive the price higher. 2. Configure Your Sensitivity The power of the script lies in customizing the inputs: RVOL Lookback Period: Determines the length of the volume moving average. Shorter periods (e.g., 9-20) make the indicator more reactive to recent volume changes. Longer periods (e.g., 50-200) require a much larger volume spike to trigger a signal. RVOL Threshold: This is the multiplier. Lower values (e.g., 1.5) will generate more signals. Higher values (e.g., 3.0) will generate fewer, but generally higher-conviction, signals. 3. Set Up Alerts Use the pre-configured alert conditions (Bullish RVOL Signal and Bearish RVOL Signal) in TradingView's alert menu. Crucially, set the alert frequency to "Once per bar" or "Once per minute" to receive notifications as soon as the high RVOL event occurs, without waiting for the bar to close.
Pine Script® indicator
by SCOTTGO
Bull Bear Power with Optional Normalization FunctionThis indicator is designed to provide traders with insights into market sentiment and potential trend reversals. This indicator enhances the traditional Bull Bear Power (BBP) by adding valuable visualizations and customization options to assist traders in making informed trading decisions. Indicator Overview: The NBBP indicator calculates Bull Bear Power, which measures the strength of bullish and bearish forces in the market. It does so by taking the difference between the high and the exponential moving average (EMA) of the closing price for a specified length. This raw BBP is represented on the chart as a line. Key Features: -- Zero Line : The NBBP indicator introduces a central reference line at zero. This line serves as a pivotal point for interpreting market sentiment. When the BBP line is above zero, it is colored green, indicating a predominance of bullish sentiment. Conversely, when the BBP line is below zero, it turns red, signaling a prevalence of bearish sentiment. This coloration helps traders quickly identify shifts in market sentiment. -- OPTIONAL Normalization Function : One of the standout features of the NBBP indicator is its optional normalization function. When activated in the settings menu, this function scales the BBP values from -1 to +1. This means that BBP values are adjusted to fit within a standardized range, making it easier for traders to compare sentiment across different timeframes or assets. Normalization is particularly valuable for identifying extreme sentiment conditions and potential reversals. -- Moving Average : To provide additional context and smooth out BBP fluctuations, the indicator includes an exponential moving average (EMA). The EMA of BBP is plotted on the chart as a white line. Traders can use this moving average to identify trends and potential trend reversals. -- Fill Between Lines : The indicator visually enhances the BBP by filling the area between the BBP line and the zero line with a translucent color. This fill helps traders visualize the strength and duration of bullish or bearish sentiment. Interpretation: -- BBP Line : Traders can assess the raw BBP line for shifts in sentiment. When the line crosses above zero, it may suggest a shift from bearish to bullish sentiment, potentially indicating a buying opportunity. Conversely, when the line crosses below zero, it may signal a shift from bullish to bearish sentiment, suggesting a potential selling opportunity. -- Normalization Function : The optional normalization function allows traders to gauge sentiment on a standardized scale. Values above 0 indicate bullish sentiment, while values below 0 suggest bearish sentiment. The closer the values are to their polar ends (-1 or +1), the stronger the sentiment. -- Moving Average : The EMA of BBP helps identify trends. When BBP crosses above the EMA, it may indicate a strengthening bullish trend, while a crossover below the EMA may suggest a bearish trend. Customization: The NBBP indicator provides traders with flexibility through customizable settings. Users can adjust the BBP length, EMA length, and choose to activate or deactivate the normalization function based on their trading preferences and strategy. Limitations: The NBBP indicator is most effective when used in conjunction with other technical analysis tools and market context. Traders should consider multiple factors when making trading decisions. Normalization function results may vary depending on the chosen length and market conditions. If the desired result is not achieved through default settings, try changing timeframes or toggling on/off the normalization function. Users should exercise caution and combine it with other indicators and analysis techniques. In conclusion, the NBBP indicator is a versatile tool that empowers traders to assess market sentiment, identify potential reversals, and follow trends. Its intuitive visualizations, normalization function, and customizable settings make it a valuable addition to any trader's toolkit.
Pine Script® indicator
by LeafAlgo
2
Engulfing Candles (Bullish and Bearish) + Trend | by Octopu$⛳ Engulfing Candles (Bullish and Bearish ) with Trend Recognition | by Octopu$ This Indicator identifies and plots Engulfing Candlestick Patterns. Engulfing Candles are a combination of two bars on a price chart. They are used to indicate/anticipate a market reversal. The second candlestick must be bigger than the first, so it 'engulfs' the previous bar. This indicator identifies both Price Movements: Bullish stands for Upside Bearish stands for Downside These are NOT entry/exit signals to buy or sell securities* (*The combination of your understanding and analysis as well as other Indicators and Factors as Confluence, you can improve your Charting Analysis.) www.tradingview.com SPY ANY Ticker. ANY Timeframe. ( SPY 5m as an example only.) Features: • Engulfing Candles • Bullish Setups • Bearish Setups • Symbol Signals Options: • Color Picker • Symbol Selector • Toggle On/Off • Show name • Trend Direction Notes: v1.0 Indicator release. Changes and updates can come in the future for additional functionalities or per requests. Follow and Stay Tuned! Did you like it? Please Support and Shoot me a message! I'd appreciate if you dropped by to say thanks! Thank you. - Octopu$ 🐙
Pine Script® indicator
by IamtheOctopuS
2
Bears Bulls Impulse [Loxx]Bears Bulls Impulse, originally known as the the Elder-Ray Index, is a technical indicator developed by Dr. Alexander Elder that measures the amount of buying and selling pressure in a market. This indicator consists of two indicators known as "bull power" and "bear power," which are derived from a 13-period moving average. Included: - Various average modes to fine-tune the signal This is an exact clone of the "Bears Bulls Impulse" MT4 indicator
Pine Script® indicator
by loxx
1
RSI with Divergences, Reverse Formulas, and Bull/Bear ZonesRegular RSI indicator that can underline divergences, turn green or red specifying user specified bull/bear zones, and with a label showing the price needed to turn bull/bear! Specify the inputs: + RSI Length + Bull Threshold + Bear Threshold + Panel Position Offset Also with toggle-able: + Bullish Divergence + Bearish Divergence + Hidden Bullish Divergence + Hidden Bearish Divergence The zones included in the indicator are default and not meant to be used for all markets. The goal is to alter the bull/bear zones to find good breakout points and selloff points for your chosen security. Does not currently support automatic zone creation, or saving zones for each security (if that is even possible, may just need to create different layouts for each security). Thanks!
Pine Script® indicator
by kylealberry
16
Bulls and BearsIntroduction to the Bulls and Bears Indicator HAVE YOU EVER WANTED TO SEE VISUALLY WHO IS IN CONTROL, THE BULLS OR BEARS? This indicator aspires to make it much easier for the trader to read the market in a clear and concise manner. This is an easy to use Bulls and Bears indicator that works very simply: If the closing price is greater than the 20, 50 or 200 moving average it indicates with a '+'. If the closing price is less than the 20, 50 or 200 moving average it indicates with a '-'. There are also some additional indicators that if all three above are flagged, then a 'B' symbol appears below the candle, to indicate it a highly Bullish. If all three closing prices are below all of the moving averages a 'B' symbol appears above the candle to indicate high Bearish pressure.
Pine Script® indicator
by ThinkNumbers
Patreon Bull Bear OscillatorThe Patreon bull-bear oscillator (PBBO) was carefully designed to give as much information as possible to the user without sacrificing readability. With it, you can detect the direction of trends, detect whether the market is ranging or trending, tell if a given signal is false, and easily spot divergences, in fact, the PBBO is the only indicator of the trend trading tier that was designed to spot potential reversals. The indicator comes with alerts. Settings Length: Control the sensitivity to price variations, with a higher value aiming to detect longer-term trends. Control Line Divisor: Divisor of the control line Src: Source input of the indicator Pre-Smoothing: If true, smooth "Src" before calculating the PBBO Smooth: Period of the moving average used for pre-smoothing Pre-Smoothing Method: Determine the type of moving average to be used during the pre-smoothing step. Available options are: EMA, TMA (triangular moving average), HULL, LSMA (least squares moving average) Filter Alerts Based On The Control Line: Add an additional condition for the alerts. Detecting The Direction Of A Trend The indicator display three lines, one bull line (in blue), one bear line (in red), and a control line (in green). A bullish market is detected when the bull line is over the bear line, while a bearish market is detected when the bear line is over the bull line. When one of the lines is declining, it means that the current trend is weakening, showing the potential for a retracement or reversal. Filter Out False Signals With The Control Line The PBBO is still subject to all the price variations you will see on your chart, and as such can return false signals, it is important to tell if a bullish/bearish market is significant before making a move, and this is what the control line aims to do. The control line divisor can provide a way to control the position of the control line, with lower values of the divisor requiring even more significant moves in order to trigger a signal. A value of 2 for the control line divisor is recommended in order to filter out false signals. Detecting Whether Market Is Trending Or Ranging Telling when the market is trending is primordial in trend trading, and many indicators that aim to return this information have been proposed. The PBBO is also able to give such information. First, you can look at the bull and bear lines, if both are equal to 0, it means the market is ranging. You can also use the control line to tell whether the market is trending or not, with a bull/bear line above the control line telling the market is trending. Spotting Divergences With The PBBO Spotting divergences is a simple way to detect potential reversals, and it was important for me to start working on an indicator able to detect them while trying to make everything super simple for the user. With the PBBO you don't need to look at both the price and oscillator lines in order to detect divergences, you can simply look at the peaks made by the bull or bear line, if a peak is lower than a previous one, then a reversal might occur. Above, we can see that the bull line made several peaks during the up-trend, with the last peak being lower than the previous one, we thus detect a bearish divergence and could expect a reversal. If the same case scenario occur but with peaks made by the bearish line then we detected a bullish divergence. It can be difficult to tell whether a divergence is significant or not, it can also be hard for beginners to tell which peaks they must look at. A good rule of thumb would be to check if both peaks are coming from two different movements, this is done by seeing if the first peak has reached 0 before the second one occurred. The control line is also useful to tell when peaks are significant or not, with peaks that are higher than the control line being more significant. Alerts By default, a buy alert is given once the bull line is greater than the bear line, and vice versa for a sell alert, the setting "Filter Alerts Based On The Control Line" allows you to only have an alert when the bull/bear line is greater than the control line. Gaining Access To The Indicator Only my Patrons can get access to this indicator, you can go to my Patreon page by clicking on the link in my signature. Note that you will also have access to the Patreon trailing stop and Patreon moving average.
Pine Script® indicator
by alexgrover
24
Bull/Bear Probability [Anan]Hello Friends,,, =================================== This indicator is based on Bayes' Theorem and is fully based on probabilities. =================================== Formula For Bayes' Theorem: P(Bull|Bear) = P(Bear∣Bull) * P(Bull) / P(Bear) where: Bull and Bear are events and P is probability P(Bull|Bear) is the posterior probability, the probability of Bull after taking into account Bear P(Bear∣Bull) is the conditional probability or likelihood, the degree of belief in Bear given that proposition of Bull belief (Bull true) P(Bull) is the prior probability, the probability of Bull belief P(Bear) is the prior probability, the probability of Bear belief =================================== The indicator output 2 trend lines and (Bull/Bear) Signal : Bull/Bear Probability Trend : when the price is above it = Up Trend when the price is below it = Down Trend Bull/Bear Probability Trend Moving Average : when the price is above it = Up Trend when the price is below it = Down Trend (Bull/Bear) Signal : when Probability Trend Moving Average crossover Probability Trend = Bull Signal when Probability Trend Moving Average crossunder Probability Trend = Bear Signal =================================== Disclaimer: This script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. =================================== Thanks to my friends dgtrd because he inspired me about probability, take a look at his scripts. ===================================
Pine Script® indicator
by Mohamed3nan
3
inwCoin Bullish/Bearish Divergence - Risk% StrategyEnglish ========= inwCoin RSI Bullish/ Bearish Divergence Startegy. RSI Bullish and Bearish divergence is a popular strategy that most people use to find the "reversal pattern" and bet on it. ...But is it really profitable in long run? To find the answer, I write this strategy to test this hypothesis and the result is interesting. ------ How it work? ------ As you know, the main logic of bullish / bearish divergence are.. Buy Signal : RSI higher low in Oversold zone and price lower low Sell Signal : RSI lower high in Overbought zone and price lower high I also add some parameters to my strategy 1) Use stop loss + specific stop loss level 2) lookback period = RSI / Price lookback period to find divergence ---------- The result ---------- Not working at all. It working ok in some period of time like in sideway market But when uptrend established, it can't make any profit ( well, it's mean reversion strategy after all haha ) Also, when market keep crashing like in Nov 2018. This strategy got stop out so many times before you can make 1 profitable trade.... But that trade won't last long because you have to take profit when you got bearish divergence signal. ---------- Conclusion ---------- Combine with trend following strategy. This strategy might be able to fill the gap of sideway market. But don't depend solely on this strategy because in long run, it can't beat the market.
Pine Script® strategy
by Real_inwCoin
1