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Momentum ScopeOverview Momentum Scope is a Pine Script™ v6 study that renders a –1 to +1 momentum heatmap across up to 32 lookback periods in its own pane. Using an Augmented Relative Momentum Index (ARMI) and color shading, it highlights where momentum strengthens, weakens, or stays flat over time—across any asset and timeframe. Key Features Full-Spectrum Momentum Map : Computes ARMI for 1–32 lookbacks, indexed from –1 (strong bearish) to +1 (strong bullish). Flexible Scale Gradation : Choose Linear or Exponential spacing, with adjustable expansion ratio and maximum depth. Trending Bias Control : Apply a contrast-style curve transform to emphasize trending vs. mean-reverting behavior. Duotone & Tritone Palettes : Select between two vivid color styles, with user-definable hues for bearish, bullish, and neutral momentum. Compact, Overlay-Free Display : Renders solely in its own pane—keeping your price chart clean. Inputs & Customization Scale Gradation : Linear or Exponential spacing of intervals Scale Expansion : Ratio governing step-size between successive lookbacks Scale Maximum : Maximum lookback period (and highest interval) Trending Bias : Curve-transform bias to tilt the –1 … +1 grid Color Style : Duotone or Tritone rendering modes Reducing / Increasing / Neutral Colors : Pick your own hues for bearish, bullish, and flat zones How to Use Add to Chart : Apply “Momentum Scope” as a separate indicator. Adjust Scale : For exponential spacing, switch your indicator Y-axis to Logarithmic . Set Bias & Colors : Tweak Trending Bias and choose a palette that stands out on your layout. Interpret the Heatmap : Red tones = weakening/bearish momentum Green tones = strengthening/bullish momentum Neutral hues = indecision or flat momentum Copyright © 2025 MVPMC. Licensed under MIT. For full license see opensource.org
Pine Script® indicator
by MVPMC
Relative Directional Index (RDI)🔍 Overview The Relative Directional Index (RDI) is a hybrid tool that fuses the Average Directional and the Relative Strength Indices (ADX and RSI) into a single, highly visual interface. While the former captures trend strength, the latter reveals momentum shifts and potential exhaustion. Together, they can confirm trend structure, anticipate reversals, and sharpen the timing entries and exits. 📌 Why Combine ADX with RSI? Most indicators focus on either trend-following (like ADX) or momentum detection (like RSI)—but rarely both. Each comes with trade-offs: - ADX alone confirms trend strength but ignores momentum. - RSI alone signals overbought/oversold, but lacks trend context. The RDI resolves this by integrating both, offering: - Smarter filters for trend entries - Early warnings of momentum breakdowns - More confident signal validation 🧠 Design Note: Fibonacci Harmony All default values—5, 13, 21—are Fibonacci numbers. This is intentional, as these values reflect the natural rhythm of market cycles, and promote harmonic calibration between price action and indicator logic. 🔥 Key Features ✅ ADX Histogram - Green bars = trend gaining strength - Red bars = trend weakening - Adjustable transparency for visual tuning ✅ ADX Line (Orange) - Measures trend strength over time - Rising = accelerating trend - Falling = trend may be fading ✅ RSI Line (Lemon Yellow) - Captures momentum surges and slowdowns - Above 50 = bullish control - Below 50 = bearish pressure ✅ Trend Strength Squares - Bright green = strong uptrend - Bright red = strong downtrend - Faded colors = range-bound or indecisive ✅ ADX/RSI Crossover Markers - Yellow square = RSI crosses above ADX → momentum building - Orange square = ADX crosses above RSI → trend still dominant ✅ Customizable Reference Lines - Yellow (50) = strong trend threshold - Red (30) = weak trend zone - Green (70) = overextended, potential exhaustion _______________________________________________________ 🎯 How to Trade with the RDI The RDI helps traders identify momentum-supported trends, catch early reversals, and avoid false signals during consolidation. ✅ Trend Confirmation Entries 🔼 Bullish → Enter long on pullbacks or resistance breakouts - ADX rising above 30 - RSI above 50 - Green trend square visible 🔽 Bearish → Enter short on breakdowns or failed retests - ADX rising - RSI below 50 - Red trend square visible 🧯 Exit if RSI crosses back against trend direction or ADX flattens 🚨 Reversal Setups Using Divergence 📈 Bullish Divergence → Long entry after confirmation (e.g. engulfing bar, volume spike) - Price prints lower low - RSI prints higher low - Green triangle 📉 Bearish Divergence → Short entry on breakdown - Price prints higher high - RSI prints lower high - Red triangle Tip: Stronger if ADX is declining (fading trend strength) 🔂 Breakout Detection via Cross Markers - Yellow square = RSI > ADX → breakout brewing - Orange square = ADX > RSI → trend continuation likely ⏸️ Avoid Choppy Markets - RSI between 45–55 - Faded trend squares - Flat ADX below 20–30 🧠 Pro Tips - Combine RDI with VWAPs, moving averages and/or pitchforks - Watch for alignment between trend and momentum - Use divergence markers as confirmation, not stand-alone triggers _______________________________________________________ ⚠️ Hidden Divergence (Optional) The RDI includes optional hidden divergence detection. These signals suggest trend continuation but are off by default. Use with discretion—best in established trends, not sideways markets. 🙈 Hidden Bullish - Price prints higher low - RSI prints lower low 🙈 Hidden Bearish - Price prints lower high - RSI prints higher high
Pine Script® indicator
by TheLeadingIndicator
Momentum Cycle Oscillator (MCO)1. Concept and Inspiration The Momentum Cycle Oscillator (MCO) is a unique indicator designed to combine volatility and momentum into a unified tool for identifying market cycles. Traditional indicators often isolate either momentum (e.g., RSI) or volatility (e.g., Bollinger Bands), but the MCO bridges the gap by synthesizing these dimensions into one oscillating signal. By measuring price acceleration (momentum) and range consistency (volatility), the MCO aims to detect when a price cycle is shifting from contraction to expansion or vice versa, signaling potential trend reversals or continuations. Its zero-centered design provides a clear demarcation between bullish and bearish cycles. 2. Mathematical Structure The MCO is built on two foundational components: the volatility factor and the momentum factor. The volatility factor quantifies the price range over a defined period, highlighting market consistency and expansion. Meanwhile, the momentum factor assesses the rate of change in smoothed closing prices, revealing directional acceleration. These two factors are multiplied to create the raw MCO value, which is further smoothed to reduce noise and improve readability. The resulting oscillator fluctuates around zero, with positive values indicating upward cycles and negative values signaling downward cycles. 3. Practical Applications The MCO excels in identifying cycle turning points, where the market transitions from a bearish phase to a bullish phase or vice versa. Traders can use the zero line as a reference: a crossover from below to above zero suggests a potential buy signal, while a crossover from above to below zero indicates a sell signal. The MCO’s unique blend of volatility and momentum also helps detect shifts in trend strength, making it valuable in both trending and ranging markets. Its histogram visualization further aids traders by emphasizing the magnitude and direction of market momentum. 4. Innovative Features What sets the MCO apart is its ability to adapt dynamically to market conditions. By fusing two dimensions of market behavior—volatility and momentum—it provides a holistic view of price action. Unlike traditional indicators that rely heavily on recursion (e.g., EMA), the MCO’s straightforward calculation reduces lag, ensuring timely signals. Furthermore, its use of normalized components allows it to function effectively across diverse assets and timeframes without extensive parameter tuning. This makes it particularly versatile for both intraday traders and long-term investors. 5. Limitations and Potential While the MCO is robust, it is not immune to challenges. In highly choppy or low-volume markets, the indicator may generate false signals, as volatility and momentum can be erratic. Additionally, its performance depends on proper parameter calibration, with periods requiring adjustment to align with the asset’s behavior. However, its creative approach to combining volatility and momentum offers immense potential for refinement and customization. With proper backtesting and optimization, the MCO could become a staple tool for traders seeking a comprehensive yet simple way to interpret market cycles.
Pine Script® indicator
by GustafValentine
RSI Slope Filtered Signals [UAlgo]The "RSI Slope Filtered Signals " is a technical analysis tool designed to enhance the accuracy of RSI (Relative Strength Index) signals by incorporating slope analysis. This indicator not only considers the RSI value but also analyzes the slope of the RSI over a specified number of bars, providing a more refined signal that accounts for the momentum and trend strength. By utilizing both positive and negative slope arrays, the indicator dynamically adjusts its thresholds, ensuring that signals are responsive to changing market conditions. This tool is particularly useful for traders looking to identify overbought and oversold conditions with a higher degree of precision, filtering out noise and providing clear visual cues for potential market reversals. 🔶 Key Features Dynamic Slope Analysis: Measures the slope of RSI over a customizable number of bars, offering insights into the momentum and trend direction. Adaptive Thresholds: Uses historical slope data to calculate dynamic thresholds, adjusting signal sensitivity based on market conditions. Normalized Slope Calculation: Normalizes the slope values to provide a consistent measure across different market conditions, making the indicator more versatile. Clear Signal Visualization: The indicator plots both positive and negative normalized slopes with color gradients, visually representing the strength of the trend. Overbought and Oversold Signals: Plots overbought and oversold signals directly on the chart when the calculated value reaches the user-specified threshold, helping traders identify potential reversal points. Customizable Settings: Allows users to adjust the RSI length, slope measurement bars, and lookback periods, providing flexibility to tailor the indicator to different trading strategies. 🔶 Interpreting the Indicator The "RSI Slope Filtered Signals " indicator is designed to be easy to interpret. Here's how you can use it: Normalized Slope: The indicator plots the normalized slope of the RSI, with values above zero indicating positive momentum and values below zero indicating negative momentum. A higher positive slope suggests a strong upward trend, while a deeper negative slope indicates a strong downward trend. Reversal Signals: The indicator plots several horizontal lines at different thresholds (+3, +2, +1, 0, -1, -2, -3). These levels are used to gauge the strength of the momentum based on the normalized slope. For example, a normalized slope crossing above the +2 threshold may indicate a strong bullish trend, while crossing below the -2 threshold may suggest a strong bearish trend. These thresholds help in understanding the intensity of the current trend and provide context for interpreting the indicator's signals. This indicator generates overbought and oversold signals not solely based on the RSI entering extreme levels (above 70 for overbought and below 30 for oversold), but also by considering the behavior of the normalized slope relative to specific thresholds. Specifically, the Overbought Signal (🔽) is triggered when the RSI is above 70 and the normalized slope from the previous bar is greater than or equal to the upper threshold, with the current slope being lower than the previous slope, indicating a potential bearish reversal as momentum may be slowing down. Similarly, the Oversold Signal (🔼) is generated when the RSI is below 30 and the normalized slope from the previous bar is less than or equal to the lower threshold, with the current slope being higher than the previous slope, signaling a potential bullish reversal as the downward momentum may be weakening. Area Plots: The indicator also plots the positive and negative slopes as filled areas, providing a quick visual cue for the strength and direction of the trend. Green areas represent positive slopes (upward momentum), while red areas represent negative slopes (downward momentum). By combining these elements, the "RSI Slope Filtered Signals " provides a comprehensive view of the market's momentum, helping traders make more informed decisions by filtering out false signals and focusing on the significant trends. 🔶 Disclaimer Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals. Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator. Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies. Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses. No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Pine Script® indicator
by UAlgo
2
Momentum-Adjusted Volatility Ratio (MAVR)The Momentum-Adjusted Volatility Ratio (MAVR) indicator is designed to help you understand the strength of price movements relative to the market's volatility. It combines the concepts of rate of change (ROC) and average true range (ATR) and then calculates their ratio, which is then smoothed using an exponential moving average (EMA). Here's a general guide on how to use the MAVR indicator: Identify the trend: Look for the overall direction of the EMA of the MAVR. When the EMA is above the zero line, it indicates that the momentum is positive and the trend is generally bullish. Conversely, when the EMA is below the zero line, it indicates that the momentum is negative, and the trend is generally bearish. Assess momentum strength: Pay attention to the distance between the EMA of the MAVR and the zero line. A larger distance indicates a stronger momentum, while a smaller distance suggests weaker momentum. If the EMA of the MAVR moves further away from the zero line, it indicates that the price movement is becoming more robust relative to the market's volatility. Look for potential entry and exit signals: When the EMA of the MAVR crosses the zero line, it could provide a potential trading signal. For instance, a cross from below to above the zero line may indicate a potential buying opportunity, while a cross from above to below the zero line may signal a potential selling opportunity. Keep in mind that the MAVR indicator should not be used in isolation, and it's essential to combine it with other technical analysis tools and risk management techniques. Monitor for divergences: Sometimes, the price and the EMA of the MAVR can show divergences. For example, if the price makes a higher high while the EMA of the MAVR makes a lower high, it could signal a bearish divergence, suggesting a potential trend reversal. Similarly, if the price makes a lower low while the EMA of the MAVR makes a higher low, it could indicate a bullish divergence, suggesting a possible trend reversal. Remember that no indicator is perfect, and the MAVR should be used in conjunction with other technical analysis tools and a solid trading strategy to increase the chances of success. Always use proper risk management techniques to protect your capital.
Pine Script® indicator
by Herbytrader
1
Strategy Myth-Busting #6 - PSAR+MA+SQZMOM+HVI - [MYN]This is part of a new series we are calling "Strategy Myth-Busting" where we take open public manual trading strategies and automate them. The goal is to not only validate the authenticity of the claims but to provide an automated version for traders who wish to trade autonomously. Our sixth one we are automating is " I Tested ''7% Profit Per Day" Scalping Strategy 100 Times ( Unexpected Results ) " from " TradeIQ " which claims to have made 175% profit on the 5 min chart of BTCUSD with a having a 61% win rate in just 32 days. Originally, we mimicked verbatim the indicators and settings TradeIQ was using however weren't getting promising results anything close to the claim so we decided to try and improve on it. We changed the static Parabolic SAR to be adaptive based upon the timeframe. We did this by using an adjustable multiplier for the PSAR Max. Also, In TradeIQ's revised version he substituted Hawkeye's Volume Indicator in lieu of Squeeze Momentum. We found that including both indicators we were getting better results so included them both. Feel free to experiment more. Would love to see how this could be improved on. This strategy uses a combination of 4 open-source public indicators: Parabolic Sar (built in) 10 in 1 MA's by hiimannshu Squeeze Momentum by lazybear HawkEYE Volume Indicator by lazybear Trading Rules 5m timeframe and above. We saw equally good results in the higher (3h - 4h) timeframes as well. Long Entry: Parabolic Sar shifts below price at last dot above and then previous bar needs to breach above that. Price action has to be below both MA's and 50MA needs to be above 200MA Squeeze Momentum needsd to be in green or close to going green HawkEYE Volume Indicator needs to be show a green bar on the histagram Short Entry: Parabolic Sar shifts above price at last dot below and then previous bar needs to breach below that. Price action needs to be above both MA's and 50MA needs to be below 200MA Squeeze Momentum needsd to be in red or close to going red HawkEYE Volume Indicator needs to be show a red bar on the histagram If you know of or have a strategy you want to see myth-busted or just have an idea for one, please feel free to message me.
Pine Script® strategy
by myncrypto
5
WVF - OscillatorAnother attempt on making use of CM-Williams-Vix-Fix-Finds-Market-Bottoms from Chris Moody - which is arguably one of the best indicator available on pine and tradingview platform. Every time I revisit this, I get new ideas on applying this method. I have slightly altered formula to highest(source)-source/highest(source) from the original formula highest(close)-low/highest(close) Process is simple: Calculate WVF for OHLC values separately Calculate momentum on each of the WVF values based on distance from moving average Plot the candles based on OHLC momentum. Candle color depends on whether close, open and previous close. If close is higher than open and previous close, we get green coloured candles. If close is lower than previous close and open then we get red coloured candles. In all other cases, we will have silver candles. High/Low bands are calculated based on median of highest and lowest values of VixFix. We also plot median of close which can be used in some cases. How to use this to find market bottom. Look for one of the below conditions: First red candle above high band - which signals momentum of vix fix is about to fall. First red candle above median line - can be used only if upward momentum of wvf candles are trending well. Crossunder of wvf candles under high band. Possible exit scenarios Green WVF candle formed above WVF high line Entry is taken on first red candle above median line - but, candles turned green before WVF crossing under median line - may signal our thesis is wrong and price may drop further. Some examples.
Pine Script® indicator
by Trendoscope
11
RSI Regime: Continuation vs Reversal Indicator Description: RSI Regime (Continuation vs. Reversal) This indicator uses the standard Relative Strength Index (RSI) to analyze market momentum and categorize it into three "regimes." Its primary goal is to help you determine if an overbought (OB) or oversold (OS) signal is likely to be a continuation of the current trend or a reversal point. It also identifies "Fast Trend Starts," which are exceptionally fast and powerful moves from one extreme to the other. Core Features & How to Read It 1. The Three RSI Regimes (Background Color) The script calculates a moving average (SMA) of the RSI to determine the dominant medium-term momentum. This is shown as the background color: Bull Regime (Green Background): The RSI's average is high (e.g., above 55). The market is in a clear uptrend. Bear Regime (Red Background): The RSI's average is low (e.g., below 45). The market is in a clear downtrend. Range Regime (Orange Background): The RSI's average is in the middle. The market is consolidating or undecided. 2. Overbought (OB) & Oversold (OS) Signals When the RSI line crosses into the overbought (e.g., >70) or oversold (e.g., <30) zones, the indicator generates one of two types of signals: A) Continuation Signals (Small Triangles: ►) These signals suggest an OB/OS reading is just a "pause" and the main trend will likely continue. Orange ► (at the top): Appears when RSI becomes overbought while the market is already in a Bull Regime. This suggests the uptrend is strong, and this OB signal may not lead to a big drop. Teal ► (at the bottom): Appears when RSI becomes oversold while the market is already in a Bear Regime. This suggests the downtrend is strong, and this OS signal may not lead to a big bounce. (Note: An optional Price EMA filter can be enabled to make these signals more strict.) B) Reversal Signals (Small Labels: "OS→>50" / "OB→<50") These labels appear after an OB/OS signal to confirm that a reversal has actually occurred. "OS→>50 Reversal" (Aqua Label): Appears if the RSI becomes oversold and then recovers back above the 50 midline within a set number of bars. This confirms the oversold dip was a reversal point. "OB→<50 Reversal" (Orange Label): Appears if the RSI becomes overbought and then falls back below the 50 midline within a set number of bars. This confirms the overbought peak was a reversal point. 3. "Fast Trend Starts" (Large Labels) This is a unique feature that identifies the fastest percentile of market moves. It measures how many bars it takes for the RSI to go from one extreme to the other and flags when a move is in the top 5% (default) of all historical moves. "Long Pullbacks (Fast OS→BullRange)" (Large Green Label): This powerful signal appears when the RSI moves from oversold (<30) all the way up to the bull range (>60) exceptionally fast. It identifies a very strong, fast, and decisive bounce that could signal the start of a new uptrend. "Short Pumps (Fast OB→BearRange)" (Large Red Label): This appears when the RSI moves from overbought (>70) all the way down to the bear range (<40) exceptionally fast. It identifies a very sharp, fast rejection or "pump-and-dump" that could signal the start of a new downtrend. Key User Inputs RSI Length (14): The lookback period for the main RSI calculation. OB (70) / OS (30): The standard overbought and oversold levels. Bull/Bear Range Threshold (60/40): These are the levels used to confirm the "Fast Trend Starts." They are separate from the OB/OS levels. RSI Regime SMA Length (21): The lookback period for the moving average that determines the background regime. Use Price EMA filter (true): If checked, the small "Continuation" triangles will only appear if the price is also above (for bulls) or below (for bears) its own 50-period EMA. Fastest X% duration (5.0): This sets the percentile for the "Fast Trend Start" labels. 5.0 means it only flags moves that are in the fastest 5% of all recorded moves.
Pine Script® indicator
by Cmo22
Hurst-Based Trend Persistence w/Poisson Prediction --- # **Hurst-Based Trend Persistence w/ Poisson Prediction** ## **Introduction** The **Hurst-Based Trend Persistence with Poisson Prediction** is a **statistically-driven trend-following oscillator** that provides traders with **a structured approach to identifying trend strength, persistence, and potential reversals**. This indicator combines: - **Hurst Exponent Analysis** (to measure how persistent or mean-reverting price action is). - **Color-Coded Trend Detection** (to highlight bullish and bearish conditions). - **Poisson-Based Trend Reversal Probability Projection** (to anticipate when a trend is likely to end based on statistical models). By integrating **fractal market theory (Hurst exponent)** with **Poisson probability distributions**, this indicator gives traders a **probability-weighted view of trend duration** while dynamically adapting to market volatility. --- ## **Simplified Explanation (How to Read the Indicator at a Glance)** 1. **If the oscillator line is going up → The trend is strong.** 2. **If the oscillator line is going down → The trend is weakening.** 3. **If the color shifts from red to green (or vice versa), a trend shift has occurred.** - **Strong trends can change color without weakening** (meaning a bullish or bearish move can remain powerful even as the trend shifts). 4. **A weakening trend does NOT necessarily mean a reversal is coming.** - The trend may slow down but continue in the same direction. 5. **A strong trend does NOT guarantee it will last.** - Even a powerful move can **suddenly reverse**, which is why the **Poisson-based background shading** helps anticipate probabilities of change. --- ## **How to Use the Indicator** ### **1. Understanding the Rolling Hurst-Based Trend Oscillator (Main Line)** The **oscillator line** is based on the **Hurst exponent (H)**, which quantifies whether price movements are: - **Trending** (values above 0 → momentum-driven, persistent trends). - **Mean-reverting** (values below 0 → price action is choppy, likely to revert to the mean). - **Neutral (Random Walk)** (values around 0 → price behaves like a purely stochastic process). #### **Interpreting the Oscillator:** - **H > 0.5 → Persistent Trends:** - Price moves tend to sustain in one direction for longer periods. - Example: Strong uptrends in bull markets. - **H < 0.5 → Mean-Reverting Behavior:** - Price has a tendency to revert back to its mean. - Example: Sideways markets or fading momentum. - **H ≈ 0.5 → Random Walk:** - No clear trend; price is unpredictable. A **gray dashed horizontal line at 0** serves as a **baseline**, helping traders quickly assess whether the market is **favoring trends or mean reversion**. --- ### **2. Color-Coded Trend Signal (Visual Confirmation of Trend Shifts)** The oscillator **changes color** based on **price slope** over the lookback period: - **🟢 Green → Uptrend (Price Increasing)** - Price is rising relative to the selected lookback period. - Suggests sustained bullish pressure. - **🔴 Red → Downtrend (Price Decreasing)** - Price is falling relative to the selected lookback period. - Suggests sustained bearish pressure. #### **How to Use This in Trading** ✔ **Stay in trends until a color change occurs.** ✔ **Use color changes as confirmation for trend reversals.** ✔ **Avoid counter-trend trades when the oscillator remains strongly colored.** --- ### **3. Poisson-Based Trend Reversal Projection (Anticipating Future Shifts)** The **shaded orange background** represents a **Poisson-based probability estimation** of when the trend is likely to reverse. - **Darker Orange = Higher Probability of Trend Reversal** - **Lighter Orange / No Shade = Low Probability of Immediate Reversal** 💡 **The idea behind this model:** ✔ Trends **don’t last forever**, and their duration follows **statistical patterns**. ✔ By calculating the **average historical trend duration**, the indicator predicts **how likely a trend shift is at any given time**. ✔ The **Poisson probability function** is applied to determine the **expected likelihood of a reversal as time progresses**. --- ## **Mathematical Foundations of the Indicator** This indicator is based on **two primary statistical models**: ### **1. Hurst Exponent & Trend Persistence (Fractal Market Theory)** - The **Hurst exponent (H)** measures **autocorrelation** in price movements. - If past trends **persist**, H will be **above 0.5** (meaning trend-following strategies are favorable). - If past trends tend to **mean-revert**, H will be **below 0.5** (meaning reversal strategies are more effective). - The **Rolling Hurst Oscillator** calculates this exponent over a moving window to track real-time trend conditions. #### **Formula Breakdown (Simplified for Traders)** The Hurst exponent (H) is derived using the **Rescaled Range (R/S) Analysis**: \ Where: - **R** = **Range** (difference between max cumulative deviation and min cumulative deviation). - **S** = **Standard deviation** of price fluctuations. - **Lookback** = The number of periods analyzed. --- ### **2. Poisson-Based Trend Reversal Probability (Stochastic Process Modeling)** The **Poisson process** is a **probabilistic model used for estimating time-based events**, applied here to **predict trend reversals based on past trend durations**. #### **How It Works** - The indicator **tracks trend durations** (the time between color changes). - A **Poisson rate parameter (λ)** is computed as: \ - The **probability of a reversal at any given time (t)** is estimated using: \ - **As t increases (trend continues), the probability of reversal rises**. - The indicator **shades the background based on this probability**, visually displaying the likelihood of a **trend shift**. --- ## **Dynamic Adaptation to Market Conditions** ✔ **Volatility-Adjusted Trend Shifts:** - A **custom volatility calculation** dynamically adjusts the **minimum trend duration** required before a trend shift is recognized. - **Higher volatility → Requires longer confirmation before switching trend color.** - **Lower volatility → Allows faster trend shifts.** ✔ **Adaptive Poisson Weighting:** - **Recent trends are weighted more heavily** using an exponential decay function: - **Decay Factor (0.618 by default)** prioritizes **recent intervals** while still considering historical trends. - This ensures the model adapts to changing market conditions. --- ## **Key Takeaways for Traders** ✅ **Identify Persistent Trends vs. Mean Reversion:** - Use the oscillator line to determine whether the market favors **trend-following or counter-trend strategies**. ✅ **Visual Trend Confirmation via Color Coding:** - **Green = Uptrend**, **Red = Downtrend**. - Trend changes help confirm **entry and exit points**. ✅ **Anticipate Trend Reversals Using Probability Models:** - The **Poisson projection** provides a **statistical edge** in **timing exits before trends reverse**. ✅ **Adapt to Market Volatility Automatically:** - Dynamic **volatility scaling** ensures the indicator remains effective in **both high and low volatility environments**. Happy trading and enjoy!
Pine Script® indicator
by garysebastianbrowniii
Coppock Curve with Pivot Points and Divergence The Coppock Curve is a long-term price momentum indicator used primarily to recognize major downturns and upturns in a stock market index. It is calculated as a 10-month weighted moving average of the sum of the 14-month rate of change and the 11-month rate of change for the index. It is also known as the "Coppock Guide." The Coppock formula was introduced in Barron's in 1962 by Edwin Coppock. The Coppock Curve is a technical indicator that provides long-term buy and sell signals for major stock indexes and related ETFs based on shifts in momentum. What Does the Coppock Curve Tell You? The Coppock Curve was originally implemented as a long-term buy and sell indicator for major indices such as the S&P 500 and the Wilshire 5000. Often, it is used with long-term time series such as a candlestick chart, but where each candle contains a month's worth of price information. The Difference Between the Coppock Curve and Rate of Relative Strength Index (RSI)? The relative strength index looks at how the current price compares to prior prices, though it is calculated differently than the rate of change (ROC) indicator used in the Coppock Curve calculation. Therefore, these indicators will provide different trade signals and information. What are those circles? -These are Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish. What are those triangles? - These are Pivots . They show when the VPT oscillator might reverse, this is important to know because many times the price action follows this move. Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.
Pine Script® indicator
by AdonisWerther
9
Momentum Sentiment Indicator by mattzabThis indicator uses 3 moving averages and includes volume to display sentiment and momentum. By default, a 5, 8, and 13 SMA is displayed (black lines). The colored bands are the corresponding volume weighted moving averages. When the colored band is above the black line, sentiment is bullish. Think of the color as being a show of volume, and the black lines as support and resistance. When the lines are trending up, and colors are above the black lines, an uptrend is in progress. When the colors are mixed above and below, and the lines are intertwined, it is a ranging market. The lines operate similar to the Williams Alligator.
Pine Script® indicator
by mattzab
1
Momentum Grid 2.1 + Top Stocks📊 MOMENTUM GRID 2.1 + TOP STOCKS Overview A multi-timeframe confirmation system specifically designed for NIFTY 50 and BANK NIFTY index options trading. This script combines 8 independent technical indicators into a weighted scoring model to generate high-probability CE (Call) and PE (Put) signals, while simultaneously tracking the top 5 constituent stocks for sector-wide momentum validation. ________________________________________ 🎯 Core Methodology 1. 8-Factor Confirmation System Unlike traditional single-indicator approaches, this script requires multiple confirmations before generating signals. Each factor votes independently: Trend Alignment (3 votes): • C1: Price above/below EMA 9 (immediate trend) • C2: EMA 9 above/below EMA 20 (short-term momentum) • C3: EMA 20 above/below EMA 50 (intermediate trend) Oscillator Confirmation (3 votes): • C4: RSI above/below 50 (momentum strength) • C5: Stochastic K above/below D (entry timing) • C6: MACD Histogram positive/negative (momentum direction) Advanced Momentum (2 votes): • C7: Parabolic SAR position (trend continuation) • C8: Squeeze Momentum direction (volatility expansion) Mathematical Logic: Bullish Score = C1 + C2 + C3 + C4 + C5 + C6 + C7 + C8 Signal Triggered when Score ≥ Threshold (default: 5/8) Why This Works: By requiring 5+ confirmations, the script filters out false signals that occur when only 1-2 indicators align by chance. This dramatically reduces whipsaws in choppy markets. ________________________________________ 📈 Constituent Stock Analysis System Real-Time Top 5 Stocks Tracking The script fetches live data from the most heavily-weighted stocks in the selected index: NIFTY 50 Constituents: • Reliance Industries • HDFC Bank • Infosys • ICICI Bank • TCS BANK NIFTY Constituents: • HDFC Bank • ICICI Bank • Kotak Mahindra Bank • State Bank of India • Axis Bank Stock Scoring Algorithm (0-6 Scale): For each stock, the script calculates a momentum score based on: 1. Price vs EMA 9 position 2. EMA 9 vs EMA 20 relationship 3. EMA 20 vs EMA 50 hierarchy 4. RSI above/below 50 5. MACD histogram direction 6. Intraday price change direction Signal Interpretation: • 🚀🔥 Strong Bullish: Score ≥5 + Day Change >0.5% • ⚠️❄️ Strong Bearish: Score ≤1 + Day Change <-0.5% • 📈 Moderate Bullish: Score ≥3 + Positive change • 📉 Moderate Bearish: Score ≤3 + Negative change Why Track Constituents? Index options are a weighted average of their components. When 4 out of 5 top stocks show strong bullish signals but the index signal is neutral, it indicates: • Sector rotation is happening • Underlying strength not yet reflected in index • Early warning for potential index breakout ________________________________________ 🎨 Visual Dashboard System 1. Main Momentum Grid (Middle Right) Real-time status of all 8 confirmation factors: • Individual indicator values • Bullish/Bearish status per indicator • Cumulative Bull Score and Bear Score • Visual color coding (Green = Bullish, Red = Bearish) 2. Top Stocks Status Panel (Top Right) Live tracking table showing: • LTP (Last Traded Price): Current stock price • Day Change %: Intraday movement from open • Status: Overall bullish/bearish trend • EMA Status: Position relative to EMA 9 • Signal Emoji: Visual strength indicator 3. Scenario Guide (Bottom Right) Auto-calculates trade parameters based on current signal: • Side: CE (Call) or PE (Put) recommendation • Strike Reference: Current index price • Trigger Level: Entry confirmation level (high/low of signal bar) • Risk Limit: Stop loss using 1.5x ATR • Price Objective: Target using 2.5x ATR ATR-Based Risk Management: Average True Range (14-period) adapts stop-loss and targets to current volatility, ensuring consistent risk-reward ratios across different market conditions. ________________________________________ 🚨 Signal Generation Logic CE (Call) Signal Triggers When: 1. Bullish Score ≥ Threshold (5/8 default) 2. Previous bar Bullish Score < Threshold 3. Confirmation candle closes above EMA 9 4. Background turns light green PE (Put) Signal Triggers When: 1. Bearish Score ≥ Threshold (5/8 default) 2. Previous bar Bearish Score < Threshold 3. Confirmation candle closes below EMA 9 4. Background turns light red Signal Validation: Labels appear only when a new qualifying bar completes, preventing repainting. The tooltip shows the exact score and entry price for record-keeping. ________________________________________ 🔧 Customization Options Parameter Purpose Recommendation Index Selection Choose NIFTY 50 or BANK NIFTY Match to your trading instrument EMA Periods Adjust trend sensitivity Default (9/20/50/100) suits 5-15 min Signal Threshold Min confirmations required 5/8 (balanced), 6/8 (conservative) RSI Length Momentum calculation period 14 (standard), 21 (smoother) MACD Settings Fast/Slow/Signal periods 12/26/9 (industry standard) ________________________________________ 📊 Technical Indicator Details Exponential Moving Averages (EMA) • Why EMA vs SMA: Exponential weighting gives more importance to recent price action, making it more responsive to trend changes in fast-moving index options. Relative Strength Index (RSI) • Measures momentum on 0-100 scale • 50 level acts as bull/bear dividing line • Used for confirmation, not overbought/oversold Stochastic Oscillator • Compares closing price to recent range • K line crossing above D line = bullish momentum shift • Sensitive to short-term reversals MACD (Moving Average Convergence Divergence) • Histogram shows momentum acceleration/deceleration • Positive histogram = increasing bullish momentum • Used as tiebreaker when other signals conflict Parabolic SAR • Tracks stop-and-reverse points • Dots below price = uptrend, above = downtrend • Adds trend-following confirmation Squeeze Momentum • Identifies periods of low volatility (consolidation) • Bollinger Bands inside Keltner Channels = "squeeze" • Positive momentum during squeeze = bullish breakout setup ________________________________________ 💡 What Makes This Script Unique 1. Index-Specific Design: Unlike generic multi-timeframe indicators, this is purpose-built for NIFTY/BANKNIFTY options with constituent stock correlation analysis. 2. Multi-Layer Validation: Combines price action (EMAs), momentum (RSI/Stoch/MACD), and volatility (Squeeze) for comprehensive market assessment. 3. Smart Constituent Tracking: Automatically switches stock universe based on selected index, providing sector-level context that single-chart indicators miss. 4. Adaptive Risk Management: ATR-based stop-loss and targets adjust to market volatility automatically, unlike fixed-point systems. 5. No Repainting: All calculations use confirmed bars with lookahead=barmerge.lookahead_off parameter, ensuring historical backtesting accuracy. ________________________________________ 📚 Best Practices Timeframe Selection: • 5 min: Scalping (high frequency, tight stops) • 15 min: Intraday swing trades (balanced) • 1 hour: Positional option trades (overnight holds) Trade Execution: 1. Wait for CE/PE label to appear 2. Check Top Stocks Status - look for 3+ stocks confirming index direction 3. Verify Scenario Guide shows acceptable risk-reward (min 1:1.5) 4. Enter on next candle open or use trigger level for limit orders 5. Place stop-loss at "Risk Limit" level 6. Scale out at "Price Objective" or trail with Parabolic SAR False Signal Filters: • Avoid signals during first 15 minutes of market open (high volatility) • Skip signals when Top Stocks show conflicting directions (3 bull, 2 bear) • Increase threshold to 6/8 during major news events • Disable trading 30 minutes before important announcements ________________________________________ ⚠️ Limitations & Considerations • Index Options Specific: Optimized for NIFTY/BANKNIFTY - may need recalibration for other instruments • Not Suitable for Trending Markets: Works best in swing/range conditions; reduce threshold in strong trends • Constituent Data Dependency: Relies on accurate real-time stock data; verify broker data quality • Options Greeks Ignored: Script doesn't account for theta decay, IV changes - user must manage option selection ________________________________________ 🔔 Built-In Alerts Set alerts for: • CE Signal Generated: Bullish score crosses threshold • PE Signal Generated: Bearish score crosses threshold Alert messages include ticker symbol and entry price for quick execution. ________________________________________ 📈 Performance Optimization Tips 1. Score Correlation Check: If Bull Score and Bear Score are both high (6+/8), market is conflicted - wait for resolution. 2. Stock Divergence Strategy: When 4/5 stocks are bullish but index shows PE signal, it often indicates a false breakdown - counter-trend opportunity. 3. Squeeze Breakout Combo: Strongest signals occur when Squeeze changes from "ON" to "OFF" simultaneously with CE/PE trigger. 4. EMA Stacking: Maximum confidence signals have all three EMAs in proper order (9>20>50 for bull, reverse for bear). ________________________________________ 🎓 Educational Context This methodology synthesizes: • Multi-Timeframe Analysis: EMAs represent different trend horizons • Oscillator Convergence: Multiple momentum tools reduce false positives • Index Arbitrage Concepts: Constituent tracking exploits pricing inefficiencies • Adaptive Volatility: ATR-based risk scales with market conditions The 8-factor system mirrors institutional decision frameworks where analysts require consensus across multiple models before position changes. ________________________________________ 📋 Quick Reference Bullish Setup Checklist: ✅ Bull Score ≥ 5/8 ✅ Green background color ✅ 3+ top stocks showing 📈 or 🚀 ✅ Price above EMA 9 ✅ MACD Histogram positive Bearish Setup Checklist: ✅ Bear Score ≥ 5/8 ✅ Red background color ✅ 3+ top stocks showing 📉 or ⚠️ ✅ Price below EMA 9 ✅ MACD Histogram negative ________________________________________ ⚖️ Disclaimer This indicator is a decision support tool, not an automated trading system. Index options involve substantial risk and can result in total loss of premium paid. The constituent stock analysis provides context but does not guarantee index price movement. Users must: • Understand options Greeks (delta, theta, vega) • Use proper position sizing (max 2-3% capital per trade) • Never trade based on signals alone without market context • Comply with SEBI regulations and broker policies Past performance of signals does not guarantee future results. ________________________________________ Version: Pine Script v6 Supported Indices: NIFTY 50, BANK NIFTY Resource Usage: Moderate (Multi-security data requests) Update Frequency: Real-time on current timeframe ________________________________________ For support or suggestions, please comment below. If this script helps your trading, please like and follow for updates! 🚀📊
Pine Script® indicator
by harshivsymposium
Momentum Tide [Alpha Extract]A sophisticated momentum-based trend identification system that measures normalized price deviation from an EMA baseline using ATR scaling and hyperbolic tangent smoothing for precise trend state classification. Utilizing advanced signal processing with configurable neutral bands and slope sensitivity adjustments, this indicator delivers institutional-grade momentum analysis with continuous strength measurement and visual trend confirmation. The system's three-state classification (bullish, bearish, neutral) combined with dynamic color intensity scaling provides comprehensive market momentum assessment across varying volatility conditions. 🔶 Advanced Baseline Deviation Framework Implements EMA-based baseline calculation with ATR-normalized deviation measurement to create volatility-adjusted momentum signals. The system calculates raw price deviation from the baseline, scales by ATR and slope sensitivity factor, then applies exponential smoothing for stable signal generation with reduced noise and false transitions. // Core Momentum Calculation Baseline = ta.ema(close, Baseline_Length) ATR_Value = ta.atr(ATR_Length) Raw_Deviation = (close - Baseline) / (ATR_Value * Slope_Scaler) Signal = ta.ema(Raw_Deviation, Signal_Smoothing) 🔶 Hyperbolic Tangent Normalization Engine Features sophisticated tanh transformation that clamps raw deviation signals into normalized -1 to +1 range for consistent interpretation across all market conditions. The system applies safe exponential calculations with value capping to prevent overflow while maintaining signal sensitivity, creating bounded momentum readings suitable for systematic threshold analysis. // Tanh Normalization Clamped_Signal = tanh(Signal) // Bounded to Strength = abs(Clamped_Signal) // Momentum intensity 🔶 Three-State Classification System Implements intelligent trend state determination using configurable neutral band thresholds to reduce whipsaw signals during ranging conditions. The system classifies market as bullish (+1) when momentum exceeds upper neutral band, bearish (-1) below lower neutral band, and neutral (0) within the band, providing clear directional bias with built-in consolidation recognition. 🔶 Dynamic Color Intensity Architecture Provides advanced visual feedback through momentum strength-based color intensity modulation, where stronger trends display more opaque colors and weaker trends show increased transparency. The system dynamically adjusts color alpha values based on absolute momentum strength, creating intuitive visual representation of trend conviction across baseline, candles, and bars. 🔶 Trend Strength Meter Visualization Features innovative horizontal gradient meter displaying real-time momentum position across bear-to-bull spectrum with 24-segment resolution. The system creates smooth color transitions from bearish red through neutral gray to bullish green, with arrow indicator showing precise momentum location for instant trend strength assessment without cluttering the price chart. 🔶 Intelligent Flip Detection System Generates transition markers when trend state changes from neutral/bearish to bullish or neutral/bullish to bearish, with duplicate signal suppression to prevent marker clustering. The system tracks previous signal states and only plots new markers on genuine trend reversals, providing clean entry signal visualization for systematic trading approaches. snapshot 🔶 Configurable Neutral Band Framework Implements adjustable neutral zone width using ATR percentage parameters to optimize signal frequency for different trading styles and market conditions. Wider bands reduce flip frequency for position trading while tighter bands increase sensitivity for active trading strategies, enabling customization without code modification. 🔶 Slope Sensitivity Adjustment Features slope scaler parameter that modulates ATR normalization factor, controlling signal smoothness versus responsiveness trade-off. Higher values create smoother momentum readings with fewer transitions while lower values increase snappiness for faster reaction to price changes, allowing optimization across different volatility regimes and timeframes. 🔶 Comprehensive Visual Integration Provides multi-dimensional trend visualization through color-coded baseline overlay, momentum-synchronized candle coloring, and bar color modification with configurable display toggles. The system includes optional flip markers and strength meter with position control for complete chart integration without visual overload. 🔶 Performance Optimization Framework Utilizes efficient calculation methods with optimized table management for strength meter updates and minimal computational overhead for real-time momentum processing. The system includes intelligent state tracking and safe mathematical operations to prevent errors during extreme market conditions while maintaining consistent performance. 🔶 Why Choose Momentum Tide ? This indicator delivers sophisticated momentum-based trend analysis through normalized deviation measurement and intelligent three-state classification. Unlike traditional momentum oscillators that operate in separate windows, Momentum Tide integrates directly with price action through baseline overlay and candle coloring while providing the analytical depth of bounded momentum measurement. The system's combination of tanh normalization, configurable neutral bands, dynamic color intensity, and innovative strength meter makes it essential for traders seeking adaptive trend-following approaches with clear visual feedback across cryptocurrency, forex, and equity markets. The three-state system naturally filters ranging periods while the momentum strength measurement enables position sizing and confidence assessment for systematic trading strategies.
Pine Script® indicator
by AlphaExtract
1
Momentum Squeeze Candle [Darwinian]# Momentum Squeeze Candle Professional squeeze detection indicator with Wyckoff accumulation/distribution analysis and multi-method momentum signals. ## Overview Identifies volatility compression (squeeze) periods and provides intelligent momentum direction signals based on institutional accumulation/distribution patterns. ## Features 6 Squeeze Detection Methods: • BB + KC (Classic) - John Carter's TTM Squeeze • ATR Ratio - Volatility compression detection • Choppiness Index - Ranging vs trending analysis • BB Width - Bollinger Band contraction • Volume Contraction - Drying volume detection • Hybrid Multi-Method - Ensemble approach (3+ methods must agree) Smart Momentum Direction: • Priority 1: Wyckoff signals (ATR compression + volume analysis) • Priority 2: RSI momentum (55/45 thresholds) • Priority 3: Hybrid slope + momentum confirmation Visual Indicators: • Blue candle coloring during squeeze • Green circles = Bullish momentum (accumulation detected) • Red circles = Bearish momentum (distribution detected) • Optional BB/KC band overlay ## How It Works Wyckoff Accumulation (Bullish): ATR compressing + volume drying + price holding above MA = Smart money accumulating → Green circle signals Wyckoff Distribution (Bearish): ATR expanding + volume surging + price failing below MA = Smart money distributing → Red circle signals ## Recommended Settings Swing Trading (Daily/4H): Method: BB + KC or Hybrid | Sensitivity: 1.2-1.5 Day Trading (15m-1H): Method: ATR Ratio or BB Width | Sensitivity: 0.8-1.0 Scalping (1m-5m): Method: Volume Contraction | Sensitivity: 0.7-0.9 High Probability: Method: Hybrid Multi-Method | Min Score: 4/5 | Sensitivity: 1.5 ## Key Advantages ✓ Multiple squeeze detection algorithms for different market conditions ✓ Wyckoff methodology for institutional activity detection ✓ Priority-based momentum system reduces false signals ✓ Clean, optimized code (70% faster than typical indicators) ✓ Fully customizable sensitivity and visual settings ## Usage 1. Choose squeeze detection method based on your trading style 2. Watch for blue candles (squeeze active) 3. Monitor momentum signals: - Green circles below bars = Accumulation phase (bullish) - Red circles below bars = Distribution phase (bearish) 4. Trade the breakout in the direction of momentum signals ## Notes • All inputs hidden from status line by default for clean charts • Works on all timeframes and asset classes • Combine with your trading strategy for confirmation • Best results when multiple priority signals align Perfect for traders looking to identify consolidation periods and predict breakout direction using institutional accumulation/distribution patterns.
Pine Script® indicator
by DarwinDarma
Force DashboardScalping Dashboard - Complete User Guide Overview This scalping system consists of two complementary TradingView indicators designed for intraday trading with no overnight holds: Force Dashboard - Single-row table showing real-time market bias and entry signals Large Order Detection - Visual diamonds showing institutional order flow Together, they provide a complete at-a-glance view of market conditions optimized for quick entries and exits. Recommended Timeframes Primary Scalping Timeframes 1-minute chart: Ultra-fast scalps (30 seconds - 3 minutes hold time) 2-minute chart: Quick scalps (2-5 minutes hold time) 5-minute chart: Standard scalps (5-15 minutes hold time) Best Practices Use 1-2 minute for highly liquid instruments (ES, NQ, major forex pairs) Use 5-minute for less liquid markets or if you prefer fewer signals Never hold past the last hour of trading to avoid overnight risk Set hard stop times (e.g., exit all positions by 3:45 PM EST) Dashboard Components Explained Core Indicators (Circles ●) MACD (5/13/5) Green ● = Bullish momentum (MACD histogram positive) Red ● = Bearish momentum (MACD histogram negative) Gray ● = No clear momentum Use: Confirms trend direction and momentum shifts EMA (9/20/50) Green ● = Price > EMA9 > EMA20 (uptrend) Red ● = Price < EMA9 < EMA20 (downtrend) Gray ● = Choppy/sideways Use: Identifies the immediate micro-trend Stoch (5-period Stochastic) Green ● = Oversold (<20) - potential reversal up Red ● = Overbought (>80) - potential reversal down Gray ● = Neutral zone (20-80) Use: Spots reversal opportunities at extremes RSI (7-period) Green ● = Oversold (<30) Red ● = Overbought (>70) Gray ● = Neutral Use: Confirms overbought/oversold conditions CVD (Cumulative Volume Delta) Green ● = CVD above its moving average (buying pressure) Red ● = CVD below its moving average (selling pressure) Gray ● = Neutral Use: Shows overall buying vs selling pressure ΔCVD (Delta CVD - Rate of Change) Green ● = CVD accelerating upward (buying acceleration) Red ● = CVD accelerating downward (selling acceleration) Gray ● = No acceleration Use: Detects momentum shifts in order flow Imbal (Order Flow Imbalance) Green ● = Buy pressure >2x sell pressure Red ● = Sell pressure >2x buy pressure Gray ● = Balanced Use: Identifies extreme one-sided order flow Vol (Volume Strength) Green ● = Volume >1.5x average (strong interest) Red ● = Volume <0.7x average (low interest) Gray ● = Normal volume Yellow background = Volume surge (>2x average) - BIG MOVE ALERT Use: Confirms conviction behind price moves Tape (Tape Speed) Green ● = Fast order flow (>1.3x normal) Red ● = Slow order flow (<0.7x normal) Gray ● = Normal speed Yellow background = Very fast tape (>1.5x) - RAPID EXECUTION ALERT Use: Measures urgency and speed of orders Key Levels Support (Supp) Shows the nearest high-volume support level below current price Bright Green background = Price is AT support (within 0.3%) - BOUNCE ZONE Green background = Price above support (healthy) Red background = Price below support (broken support, now resistance) Resistance (Res) Shows the nearest high-volume resistance level above current price Bright Orange background = Price is AT resistance (within 0.3%) - REJECTION ZONE Red background = Price below resistance (facing overhead supply) Green background = Price above resistance (breakout) These levels update automatically every 3 bars based on volume profile Entry Signal Components Score Displays format: "6L" (6 long indicators) or "4S" (4 short indicators) Bright Green = 6-7 indicators aligned for long Light Green = 5 indicators aligned for long Yellow = 4 indicators aligned (weaker setup) Gray = No alignment Red/Orange colors = Same scale for short setups Score of 5+ indicates high-probability setup SCALP (Main Entry Signal) BRIGHT GREEN "LONG" = High-quality long scalp (Score 5+) Green "LONG" = Decent long scalp (Score 4) BRIGHT ORANGE "SHORT" = High-quality short scalp (Score 5+) Red "SHORT" = Decent short scalp (Score 4) Gray "WAIT" = No clear setup - STAY OUT Entry Strategies Strategy 1: High-Probability Scalps (Conservative) When to Enter: SCALP column shows BRIGHT GREEN "LONG" or BRIGHT ORANGE "SHORT" Score is 5 or higher Vol or Tape has yellow background (volume surge) Example Long Setup: SCALP = BRIGHT GREEN "LONG" Score = 6L Vol = Yellow background Price AT Support (bright green Supp cell) EMA, MACD, CVD, ΔCVD, Imbal all green Entry: Enter immediately on next candle Target: 0.5-1% move or resistance level Stop: Below support or -0.3% Hold Time: 2-10 minutes Strategy 2: Momentum Scalps (Aggressive) When to Enter: Tape has yellow background (fast tape) Vol has yellow background (volume surge) ΔCVD is green (for longs) or red (for shorts) Imbal shows strong imbalance in your direction Score is 4+ Example Short Setup: Tape & Vol = Yellow backgrounds ΔCVD = Red, Imbal = Red Price AT Resistance (bright orange) Score = 5S Entry: Enter immediately Target: Quick 0.3-0.7% move Stop: Tight -0.2% Hold Time: 1-5 minutes Strategy 3: Reversal Scalps (Mean Reversion) When to Enter: Stoch shows oversold (green) or overbought (red) RSI confirms the extreme Price is AT Support (for longs) or AT Resistance (for shorts) ΔCVD and Imbal start reversing direction Score is 4+ Example Long Setup: Stoch = Green (oversold) RSI = Green (oversold) Supp = Bright green (at support) ΔCVD turns green Imbal turns green Score = 4L or 5L Entry: Wait for confirmation candle Target: Move back to EMA9 or mid-range Stop: Below the low Hold Time: 3-8 minutes Large Order Detection Usage Diamond Signals Green diamonds below bar = Large buy orders (institutional buying) Red diamonds above bar = Large sell orders (institutional selling) Size matters: Larger diamonds = larger order flow How to Use with Dashboard Confirmation Entries Dashboard shows "LONG" signal Green diamond appears Enter immediately - institutions are buying Divergence Alerts (CAUTION) Dashboard shows "LONG" signal RED diamond appears (institutions selling) DO NOT ENTER - conflicting order flow Cluster Patterns Multiple green diamonds in row = Strong accumulation, stay long Multiple red diamonds in row = Strong distribution, stay short Alternating colors = Chop, avoid trading Risk Management Rules Position Sizing Risk 0.5-1% of account per scalp Maximum 3 concurrent positions Reduce size after 2 consecutive losses Stop Loss Guidelines Tight stops: 0.2-0.3% for 1-2 min charts Standard stops: 0.3-0.5% for 5 min charts Always use stop loss - no exceptions Place stops below support (longs) or above resistance (shorts) Take Profit Targets Target 1: 0.3-0.5% (take 50% off) Target 2: 0.7-1% (take remaining 50%) Move stop to breakeven after Target 1 hit Trail stop if Score remains high Time-Based Exits Exit immediately if: SCALP changes from LONG/SHORT to WAIT Score drops below 3 Large diamond appears in opposite direction Maximum hold time: 15 minutes (even if profitable) Hard exit time: 30 minutes before market close Trading Sessions Best Times to Scalp High-Liquidity Sessions 9:30-11:00 AM EST (Market open, highest volume) 2:00-3:30 PM EST (Afternoon session, good moves) Avoid 11:30 AM-1:30 PM EST (Lunch, low volume) Last 30 minutes (unpredictable, don't initiate new trades) News releases (wait 5 minutes for volatility to settle) Common Patterns & Setups The Perfect Storm (Highest Probability) Score = 6L or 7L SCALP = BRIGHT GREEN Vol + Tape = Yellow backgrounds Green diamond appears Price AT Support Win rate: ~70-80% The Fade Setup (Counter-Trend) Price hits resistance (bright orange) Stoch + RSI overbought (red) Red diamond appears CVD starts turning red SCALP shows "SHORT" Win rate: ~60-70% The Breakout Continuation Price breaks resistance (Res turns green) EMA, MACD green Vol surge (yellow) Multiple green diamonds SCALP = "LONG" Win rate: ~65-75% Warning Signs - DO NOT TRADE Red Flags ❌ SCALP shows "WAIT" ❌ Score below 3 ❌ Vol and Tape both gray (no volume) ❌ Conflicting signals (dashboard says LONG but red diamonds appearing) ❌ Alternating green/red circles (choppy market) ❌ Support and Resistance very close together (tight range) Market Conditions to Avoid Low volume periods Major news releases (first 5 minutes after) First 2 minutes after market open Wide spreads Consecutive losing trades (take a break after 2 losses) Quick Reference Checklist Before Taking ANY Trade: ☑ SCALP shows LONG or SHORT (not WAIT) ☑ Score is 4 or higher ☑ Vol or Tape shows activity ☑ No conflicting diamond signals ☑ Stop loss level identified ☑ Target profit level identified ☑ Not in restricted time periods After Entering: ☑ Set stop loss immediately ☑ Set profit targets ☑ Watch SCALP column - exit if changes to WAIT ☑ Watch for opposite-colored diamonds ☑ Move stop to breakeven after first target ☑ Exit all by market close Advanced Tips Scalping Psychology Be patient: Wait for Score 5+ setups Be decisive: When signal appears, act immediately Be disciplined: Follow your stop loss always Be flexible: Exit quickly if dashboard reverses Optimization Backtest on your specific instrument Adjust RSI/Stoch levels for your market Fine-tune volume thresholds Keep a trade journal to track which setups work best Multi-Timeframe Confirmation Use 5-min dashboard as "trend filter" Take 1-min trades only in direction of 5-min SCALP signal Increases win rate by ~10-15% Troubleshooting Q: Dashboard shows WAIT most of the time Normal - scalping is about patience. Quality > Quantity 3-8 good setups per day is excellent Q: Too many false signals Increase minimum Score requirement to 5 or 6 Only trade with volume surge (yellow backgrounds) Add large order detection confirmation Q: Signals too slow You may be on too high a timeframe Try 1-minute chart for faster signals Ensure real-time data feed is active Q: Support/Resistance not updating Normal - updates every 3 bars If completely stuck, remove and re-add indicator Summary This scalping system works best when: ✅ Multiple indicators align (Score 5+) ✅ Volume and tape speed confirm the move ✅ Order flow (diamonds) confirms direction ✅ Price is at key levels (support/resistance) ✅ You manage risk strictly ✅ You exit before market close The golden rule: When SCALP says WAIT, you WAIT. Discipline beats frequency.
Pine Script® indicator
by jedijamez
Composite Buy/Sell Score [-100 to +100] by LMComposite Buy/Sell Score (Stabilized + Sensitivity) by LM Description: This indicator calculates a composite trend strength score ranging from -100 to +100 by combining multiple popular technical indicators into a single, smoothed metric. It is designed to give traders a clear view of bullish and bearish trends, while filtering out short-term noise. The score incorporates signals from: PPO (Percentage Price Oscillator) – measures momentum via the difference between fast and slow EMAs. ADX (Average Directional Index) – detects trend strength. RSI (Relative Strength Index) – identifies short-term momentum swings. Stochastic RSI – measures RSI momentum and speed of change. MACD (Moving Average Convergence Divergence) – detects momentum shifts using EMA crossovers. Williams %R – highlights overbought/oversold conditions. Each component is weighted, smoothed, and optionally confirmed across a configurable number of bars, producing a stabilized composite score that reacts more reliably to significant trend changes. Key Features: Smoothed Composite Score The final score is smoothed using an EMA to reduce volatility and emphasize meaningful trends. A Sensitivity Multiplier allows traders to exaggerate the score for stronger trend signals or dampen it for quieter markets. Customizable Inputs You can adjust each indicator’s parameters, smoothing lengths, and confirm bars to suit your preferred timeframe and trading style. The sensitivity multiplier allows fine-tuning the responsiveness of the trend line without changing underlying indicator calculations. Visual Representation Score Line: Green for positive (bullish) trends, red for negative (bearish) trends, gray near neutral. Reference Lines: 0 = neutral +100 = maximum bullish -100 = maximum bearish Adaptive Background: Optionally highlights the background intensity proportional to trend strength. Strong green for bullish trends, strong red for bearish trends. Multi-Indicator Integration Combines momentum, trend, and overbought/oversold signals into a single metric. Helps identify clear entry/exit trends while avoiding whipsaw noise common in individual indicators. Recommended Use: Trend Identification: Look for sustained movement above 0 for bullish trends and below 0 for bearish trends. Exaggerated Trends: Use the Sensitivity Multiplier to emphasize strong trends. Filtering Noise: The smoothed score and confirmBars settings help reduce false signals from minor price fluctuations. Inputs Overview: Input Purpose PPO Fast EMA / Slow EMA / Signal Controls PPO momentum sensitivity ADX Length / Threshold Detects trend strength RSI Length / Overbought / Oversold Measures short-term momentum Stoch RSI Length / %K / %D Measures speed of RSI changes MACD Fast / Slow / Signal Measures momentum crossover Williams %R Length Detects overbought/oversold conditions Final Score Smoothing Length EMA smoothing for final composite score Confirm Bars for Each Signal Number of bars used to confirm individual indicator signals Sensitivity Multiplier Scales the final composite score for exaggerated trend response Highlight Background by Trend Strength Enables adaptive background coloring This indicator is suitable for traders looking for a single, clear trend metric derived from multiple indicators. It can be applied to any timeframe and can help identify both strong and emerging trends in the market.
Pine Script® indicator
by LouisMont
Momentum-Based Fair Value Gaps [BackQuant]Momentum-Based Fair Value Gaps A precision tool that detects Fair Value Gaps and color-codes each zone by momentum, so you can quickly tell which imbalances matter, which are likely to fill, and which may power continuation. What is a Fair Value Gap A Fair Value Gap is a 3-candle price imbalance that forms when the middle candle expands fast enough that it leaves a void between candle 1 and candle 3. Bullish FVG : low > high . This marks a bullish imbalance left beneath price. Bearish FVG : high < low . This marks a bearish imbalance left above price. These zones often act as magnets for mean reversion or as fuel for trend continuation when price respects the gap boundary and runs. Why add momentum Not all gaps are equal. This script measures momentum with RSI on your chosen source and paints each FVG with a momentum heatmap. Strong-momentum gaps are more likely to hold or propel continuation. Weak-momentum gaps are more likely to fill. Core Features Auto FVG Detection with size filters in percent of price. Momentum Heatmap per gap using RSI with smoothing. Multiple palettes: Gradient, Discrete, Simple, and scientific schemes like Viridis, Plasma, Inferno, Magma, Cividis, Turbo, Jet, plus Red-Green and Blue-White-Red. Bull and Bear Modes with independent toggles. Extend Until Filled : keep drawing live to the right until price fully fills the gap. Auto Remove Filled for a clean chart. Optional Labels showing the smoothed RSI value stored at the gap’s birth. RSI-based Filters : only accept bullish gaps when RSI is oversold and bearish gaps when RSI is overbought. Performance Controls : cap how many FVGs to keep on chart. Alerts : new bullish or bearish FVG, filled FVG, and extreme RSI FVGs. How it works Source for Momentum : choose Returns, Close, or Volume. Returns computes percent change over a short lookback to focus on impulse quality. RSI and Smoothing : RSI length and a small SMA smooth the signal to stabilize the color coding. Gap Scan : each bar checks for a 3-candle bullish or bearish imbalance that also clears your minimum size filter in percent of price. Heatmap Color : the gap is painted at creation with a color from your palette based on the smoothed RSI value, preserving the momentum signature that formed it. Lifecycle : if Extend Unfilled is on, the zone projects forward until price fully trades through the far edge. If Auto Remove is on, a filled gap is deleted immediately. How to use it Scan for structure : turn on both bullish and bearish FVGs. Start with a moderate Min FVG Size percent to reduce noise. You will see stacked clusters in trends and scattered singletons in chop. Read the colors : brighter or stronger palette values imply stronger momentum at gap formation. Weakly colored gaps are lower conviction. Decide bias : bullish FVGs below price suggest demand footprints. Bearish FVGs above price suggest supply footprints. Use the heatmap and RSI value to rank importance. Choose your playbook : Mean reversion : target partial or full fills of opposing FVGs that were created on weak momentum or that sit against higher timeframe context. Trend continuation : look for price to respect the near edge of a strong-momentum FVG, then break away in the direction of the original impulse. Manage risk : in continuation ideas, invalidation often sits beyond the opposite edge of the active FVG. In reversion ideas, invalidation sits beyond the gap that should attract price. Two trade playbooks Continuation - Buy the hold of a bullish FVG Context uptrend. A bullish FVG prints with strong RSI color. Price revisits the top of the gap, holds, and rotates up. Enter on hold or first higher low inside or just above the gap. Invalidation: below the gap bottom. Targets: prior swing, measured move, or next LV area. Reversion - Fade a weak bearish FVG toward fill Context range or fading trend. A bearish FVG prints with weak RSI color near a completed move. Price fails to accelerate lower and rotates back into the gap. Enter toward mid-gap with confirmation. Invalidation: above gap top. Target: opposite edge for a full fill, or the gap midline for partials. Key settings Max FVG Display : memory cap to keep charts fast. Try 30 to 60 on intraday. Min FVG Size % : sets a quality floor. Start near 0.20 to 0.50 on liquid markets. RSI Length and Smooth : 14 and 3 are balanced. Increase length for higher timeframe stability. RSI Source : Returns : most sensitive to true momentum bursts Close : traditional. Volume : uses raw volume impulses to judge footprint strength. Filter by RSI Extremes : tighten rules so only the most stretched gaps print as signals. Heatmap Style and Palette : pick a palette with good contrast for your background. Gradient for continuous feel, Discrete for quick zoning, Simple for binary, Palette for scientific schemes. Extend Unfilled - Auto Remove : choose live projection and cleanup behavior to match your workflow. Reading the chart Bullish zones sit beneath price. Respect and hold of the upper boundary suggests demand. Strong green or warm palette tones indicate impulse quality. Bearish zones sit above price. Respect and hold of the lower boundary suggests supply. Strong red or cool palette tones indicate impulse quality. Stacking : multiple same-direction gaps stacked in a trend create ladders. Ladders often act as stepping stones for continuation. Overlapping : opposing gaps overlapping in a small region usually mark a battle zone. Expect chop until one side is absorbed. Workflow tips Map higher timeframe trend first. Use lower timeframe FVGs for entries aligned with the higher timeframe bias. Increase Min FVG Size percent and RSI length for noisy symbols. Use labels when learning to correlate the RSI numbers with your palette colors. Combine with VWAP or moving averages for confluence at FVG edges. If you see repeated fills and refills of the same zone, treat that area as fair value and avoid chasing. Alerts included New Bullish FVG New Bearish FVG Bullish FVG Filled Bearish FVG Filled Extreme Oversold FVG - bullish Extreme Overbought FVG - bearish Practical defaults RSI Length 14, Smooth 3, Source Returns. Min FVG Size 0.25 percent on liquid majors. Heatmap Style Gradient, Palette Viridis or Turbo for contrast. Extend Unfilled on, Auto Remove on for a clean live map. Notes This tool does not predict the future. It maps imbalances and momentum so you can frame trades with clearer context, cleaner invalidation, and better ranking of which gaps matter. Use it with risk control and in combination with your broader process.
Pine Script® indicator
by BackQuant
MomentumMap — Relative Strength Visual Quadrant (RRG-Inspired)🔍 What is MomentumMap? MomentumMap brings the concept of Relative Rotation Graphs (RRG) directly to your chart. It helps you instantly see whether a symbol is leading, improving, weakening, or lagging — without scanning dozens of charts. Unlike traditional RS indicators, this tool plots RS Ratio and RS Momentum together, classifying the current condition into clear quadrants. 🧩 Quadrant Logic Zone Conditions Market Behavior 🟢 Power Zone RS > 1, Momentum > 0 Strong, leading, expanding trend 🟡 Drift Zone RS > 1, Momentum < 0 Cooling off after leadership 🔵 Lift Zone RS < 1, Momentum > 0 Early signs of strength emerging 🔴 Dead Zone RS < 1, Momentum < 0 Weak and lagging phase Each bar’s background color reflects the active zone — giving instant visual feedback on rotation strength. ⚙️ Key Features Benchmark-based RS Ratio & RS Momentum mapping Auto-classified quadrant display with live background coloring Optional Power Zone alert (with volume confirmation) Adjustable RS smoothing and momentum periods Works on all instruments and timeframes 💡 How to Use Apply the indicator to any chart. Choose your benchmark symbol (default: NSE:CNX500). Observe the color-coded zones to assess strength rotation. Use transitions between zones to identify: New leadership → 🟢 Power Zone Early rotation → 🔵 Lift Zone Loss of strength → 🟡 Drift Zone Weak performers → 🔴 Dead Zone ⚠️ Notes & Disclaimer MomentumMap is an analytical visualization tool, not a buy/sell signal generator. Choose benchmarks and timeframes that match your trading universe. The script does not repaint and uses only confirmed bar data. Past quadrant behavior does not guarantee future results. Complies with TradingView’s open-source and originality guidelines. 📚 Credits Concept inspired by Julius de Kempenaer’s RRG framework Implementation and logic developed independently by Paritosh Gupta
Pine Script® indicator
by paritoshgupta4
1
Momentum Volume Analyzer [CHE] Momentum Volume Analyzer — Adaptive momentum with volume-gated signals and expressive visual cues Summary This indicator combines a normalized momentum oscillator with a volume Z-score gate and adaptive gradient visuals. The oscillator centers around a midline and scales between a lower and an upper bound. Intensity is derived from the distance to the midline and is normalized inside a rolling window, which helps keep contrast consistent across regimes. Volume pressure is compressed to a discrete level between one and ten and is used to qualify momentum flips and extremes. Layered “burst” markers and optional background gradients provide immediate visual emphasis without adding new data sources. Pine version is v6. The script runs in a separate pane. Motivation: Why this design? Common oscillators flip rapidly during noisy conditions or flatten during calm periods, which obscures actionable shifts. A rolling normalization keeps the visual intensity stable across different regimes, and a volume gate reduces reactions when participation is weak. The goal is clearer momentum shifts that are supported by measurable activity rather than cosmetic smoothing alone. What’s different vs. standard approaches? Baseline reference: Classical RSI-style oscillators or simple filtered momentum without volume gating. Architecture differences: Local window normalization with gamma control for contrast. Volume converted to a Z-score and compressed into a discrete level between one and ten with a configurable cap. Directional color gradients that intensify with distance from the midline. Layered glow markers with optional trail and an internal label budget to avoid UI overload. Practical effect: Signals are visually stronger only when both momentum and volume align; background and line colors convey regime strength at a glance. How it works (technical) Momentum core: A high-pass path with automatic gain control produces a bounded oscillator centered around a midline. A simple moving average smooths the result over a short window. Normalization and contrast: The absolute distance from the midline is scaled inside a rolling window and limited between zero and one. Two gamma parameters separately shape contrast for the line and for labels. Coloring: When the oscillator is above the midline, a green gradient is used; below the midline, a red gradient is used. Intensity increases with normalized distance. Optional area fill to the midline and a background gradient reinforce strength. Volume levels: Volume is standardized over a lookback window, clipped by a user cap, and mapped to a level between one and ten. Only positive excursions are considered; non-positive values map to zero. Event markers: When the oscillator reaches extreme zones and the volume level is positive, the script spawns layered circular labels at fixed y-positions. A small trail can extend behind the event. An internal queue discards the oldest labels when a user-defined maximum is exceeded. Alerts: Alerts fire on overbought and oversold spikes, midline shifts with minimum intensity and volume, and continuation patterns inside strong zones. Parameter Guide TFRSI length (default six): Core momentum lookback. Shorter values react faster but are less stable. Signal SMA (default two): Light smoothing of the oscillator. Larger values reduce jitter. Gradient window (default one hundred): Normalization window for intensity. Longer values produce steadier contrast but slower adaptation. Line/marker transparency (default zero): Visual prominence of drawings. Higher values reduce dominance. Background on and BG transparency (defaults true and eighty-five): Enables and tunes the pane background gradient. Area fill to fifty and Fill transparency (defaults true and eighty): Fills between the oscillator and the midline. Gamma bars/labels and Gamma plot (defaults zero point seven and zero point eight): Contrast shapers for markers and line. Higher values compress low intensities. Bottom marker and Show last N (defaults true and three hundred thirty-three): Optional compact heat markers with a display cap. Up/Down colors: Dark and neon pairs for positive and negative regimes. Lookback (default two hundred) and Z cap (default five): Volume standardization window and clipping level before scaling to one through ten. Enable bursts, Layers, Trail, Trail transparency, Max live labels, Size scale: Control the layered glow effect, trail length, opacity, label budget, and size multiplier. Reducing the size scale lowers visual dominance. Spike min level, Shift min level, Min intensity, Rise/Fall length: Gates for alerts; adjust to balance sensitivity and false positives. Reading & Interpretation Line color and intensity: Green shades above the midline indicate bullish pressure; red shades below indicate bearish pressure. Stronger color corresponds to stronger normalized distance. Background and fill: Reinforce regime strength; consider reducing transparency when the pane feels too busy. Bursts and trails: Emphasize volume-backed extremes. Larger bursts reflect stronger volume levels or scaling choices. Volume level: Internal level between one and ten. Levels near the upper bound signal exceptional activity. Practical Workflows & Combinations Trend following: Use midline cross upward with minimum shift level and intensity as a trigger. Confirm with structure such as higher highs and higher lows. For shorts, reverse the conditions. Exits and risk: Fade exposure when intensity weakens toward the midline or when volume level drops below the shift threshold. Consider disabling bursts when monitoring many symbols. Multi-asset and multi-timeframe: Defaults are designed to travel across liquid futures, large-cap equities, and major crypto pairs. For higher timeframes, increase the lookback window and consider reducing the Z cap. Behavior, Constraints & Performance Repaint and confirmation: Signals are evaluated on the live bar. They can appear and withdraw before bar close. For confirmed signals, require closed-bar alerts or manual confirmation. Higher-timeframe sources: Not used. No `security` calls. Resources: `max_bars_back` is two thousand. The script uses arrays and label objects, including loops for trails. The label budget mitigates clutter. Known limits: Very illiquid symbols with unstable volume can reduce the usefulness of the Z-score. Sharp regime changes can still produce brief flips. Sensible Defaults & Quick Tuning Starting point: TFRSI length six, Signal two, Gradient window one hundred, Z cap five, Spike level six, Shift level four, Min intensity zero point four, Rise length three, Size scale zero point five. Too many flips: Increase Signal, increase Gradient window, or raise Shift level. Too sluggish: Decrease TFRSI length or reduce Gradient window. Bursts too dominant: Lower Size scale or reduce Layers; increase Trail transparency or set Trail length to zero. What this indicator is—and isn’t This is a visualization and signal layer that couples momentum with a volume gate and adaptive visuals. It is not a complete trading system, optimizer, or predictor. Use it together with market structure, risk controls, and position management. Disclaimer The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context. Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved. By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk. Best regards and happy trading Chervolino
Pine Script® indicator
by chervolino
3
Momentum Trajectory Suite📈 Momentum Trajectory Suite 🟢 Overview Momentum Trajectory Suite is a multi-faceted indicator designed to help traders evaluate trend direction, volatility conditions, and behavioral sentiment in a single consolidated view. By combining a customizable Trajectory EMA, adaptive Bollinger Bands, and a Greed vs. Fear heatmap, this tool empowers traders to identify directional bias, measure momentum strength, and spot potential reversals or continuation setups. 🧠 Concept This indicator merges three classic techniques: Trend Analysis: Trajectory EMA highlights the prevailing directional momentum by smoothing price action over a customizable period. Volatility Envelopes: Bollinger Bands adapt to dynamic price swings, showing overbought/oversold extremes and periods of contraction or expansion. Behavioral Sentiment: A Greed vs. Fear heatmap combines RSI and MACD Histogram readings to visualize when markets are dominated by buying enthusiasm or selling pressure. The combination is designed to help traders interpret market context more effectively than using any single component alone. 🛠️ How to Use the Indicator Trajectory EMA: Use the blue EMA line to assess overall trend direction. Price closing above the EMA may indicate bullish momentum; closing below may indicate bearish bias. Buy/Sell Signals: Green circles appear when price crosses above the EMA (potential long entry). Red circles appear when price crosses below the EMA (potential exit or short entry). Bollinger Bands: Monitor upper/lower bands for overbought and oversold price extremes. Narrowing bands may signal upcoming volatility expansion. Greed vs. Fear Heatmap: Green histogram bars indicate bullish sentiment when RSI exceeds 60 and MACD Histogram is positive. Red histogram bars indicate bearish sentiment when RSI is below 40 and MACD Histogram is negative. Gray bars indicate neutral or mixed conditions. Background Color Zones: The chart background shifts to green when EMA slope is positive and red when negative, providing quick directional cues. All inputs are adjustable in settings, including EMA length, Bollinger Band parameters, and oscillator configurations. 📊 Interpretation Bullish Conditions: Price above the Trajectory EMA, background green, and Greed heatmap active. May signal trend continuation and increased buying pressure. Bearish Conditions: Price below the Trajectory EMA, background red, and Fear heatmap active. May signal momentum breakdown or potential continuation to the downside. Volatility Clues: Wide Bollinger Bands = trending, volatile market. Narrow Bollinger Bands = low volatility and possible breakout setup. Signal Confirmation: Consider combining signals (e.g., EMA crossover + Greed/Fear heatmap + Bollinger Band touch) for higher-confidence entries. 📝 Notes The script does not repaint or use future data. Suitable for multiple timeframes (intraday to daily). May be combined with other confirmation tools or price action analysis. ⚠️ Disclaimer This script is for educational and informational purposes only and does not constitute financial advice. Trading carries risk and past performance is not indicative of future results. Always perform your own due diligence before making trading decisions.
Pine Script® indicator
by scottivey