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ADR TableTrack volatility and session momentum in real-time with customizable precision. Key Features: Average Daily Range (ADR): Configurable length (default 5 days), based on previous daily high–low ranges. Session Anchor Options: Choose anchor at 4 am NY, 6 pm NY, 9:30 am NY, 8:30 am NY, Previous Day Close, or Current Bar. Session Range & %ADR: Displays the real-time range from the chosen anchor, plus what percentage of ADR has been covered. High / Low Target Levels: Calculates ADR targets based on anchor: anchor ± ADR. Optional Target Lines: Draw horizontal lines for high and low targets across the session; customize color and width. Dynamic Table Display: User-selectable table size and text size (Tiny to Huge) for optimal readability. Robust Anchor Logic: Uses the first bar at-or-after anchor time each NY day, ensuring stability even on irregular intraday timeframes. How to Use Choose your anchor in settings. View ADR, session range (with %ADR), and target price levels in the top-right pane.Toggle High/Low lines to overlay targets on the chart. Adjust table and text size to match your workspace. Why It Matters Quickly assess where price stands relative to typical volatility. Easily identify intraday price exhaustion or breakout zones. Anchor flexibility enables use for both futures and equities, aligning with your trading session. Clean, professional display—no clutter, no guesswork.
Pine Script® indicator
by OliverC-H
Daily Price LevelsTrack daily price action like a pro with instant visibility of key levels, percentages, and P&L values - all in one clean view." Bullet points: • Shows Daily Open, High, Low & Median levels • Dynamic color-coding: green above open, red below • Real-time price labels with: Exact price levels % distance between levels Point values Dollar values per contract • Auto-repaints on timeframe changes • 30min alerts for median crosses
Pine Script® indicator
by zer0123456
MSB BOS Market Structure [FTB]Track Market Structure Breaks (MSB) and Breaks of Structure (BOS) on your charts. This indicator does exactly that without clutter and with easy-to-spot. 🔑 Features: MSB (Market Structure Break): Shows when price flips and breaks the previous high/low — possible start of a new trend. BOS (Break of Structure): Highlights key structural breakouts in line with the existing trend. ✅ Pivot-Based Analysis (Body Focused) Uses candle body-based pivot highs and lows to find clean market structure points (no wicks confusion here!). Adjustable pivot strength — control how many candles you want on either side to define a swing. ✅ Clean Visual Markings MSB and BOS lines with optional labels so you see exactly where breaks happen. Customizable line style (Solid, Dashed, Dotted) to match your chart aesthetic. Optional pivot markers to show minor swing highs/lows. ✅ Alerts Ready Set alerts for any MSB or BOS, or filter to specific bullish/bearish breaks — never miss a key level again 💡 How to Use This Indicator: Identify Trend Shifts: Use MSB to spot early trend reversals — when a previous structure breaks against the trend. Catch Continuations: Watch for BOS to confirm trend continuation — great for riding the trend! ⚙️ Settings You Can Adjust: Pivot Strength: How many candles to look back and forward for swing points (default: 3). Show Pivots: Optional — highlight swing highs and lows for extra clarity.
Pine Script® indicator
by FunkyTown_Bytes
2
Altcoin PortfolioTrack your altcoin portfolio balance in Fiat currency. Make sure to open the data window to the right of your charts, it makes everything alot easier to read at a glance. To learn more about customizing this script to fit your portfolio, watch the video here: youtu.be To get more cool scripts and up-to-date information about Autoview, join us in slack slack.with.pink As per the usual, we hope this script helps with your trading venture. Good luck, and happy trading.
Pine Script® indicator
by CryptoRox
Fed Balance Sheet (Candles)Fed Balance Sheet (Candles) - TradingView Description 📊 OVERVIEW Fed Balance Sheet (Candles) transforms the Federal Reserve's total assets into an intuitive candlestick visualization, allowing you to track monetary policy changes with the same visual language you use for price action. This indicator pulls real-time data directly from FRED (Federal Reserve Economic Data) and displays the Total Assets of All Federal Reserve Banks as dynamic candles on your chart, making it effortless to correlate central bank liquidity with market movements. 🎯 WHY THIS MATTERS The Federal Reserve's balance sheet is one of the most powerful leading indicators in global markets. When the Fed expands its balance sheet (Quantitative Easing), it injects liquidity into the financial system, historically correlating with: Rising asset prices (stocks, crypto, commodities) Lower volatility Risk-on sentiment Currency devaluation When the Fed contracts its balance sheet (Quantitative Tightening), liquidity drains from markets, often leading to: Asset price pressure Increased volatility Risk-off sentiment Dollar strength By visualizing this as candles, you can instantly see: The pace of change (candle size) The direction (green = expansion, red = contraction) Acceleration or deceleration (consecutive candles in same direction) Pivots in monetary policy (color changes from green to red or vice versa) 🔧 HOW IT WORKS Data Source Source: Federal Reserve Economic Data (FRED) Metric: Total Assets of All Federal Reserve Banks Unit: Displayed in Trillions of USD for easy reading Frequency: Weekly updates (every Wednesday) Candlestick Construction Since balance sheet data is reported as a single number each week (not traditional open-high-low-close), this indicator creates candles by comparing each period to the previous one: Open = Last week's balance sheet value Close = This week's balance sheet value High = The higher of the two values Low = The lower of the two values This captures directional movement and magnitude of change, making it intuitive for traders accustomed to candlestick analysis. Color Scheme 🟢 GREEN CANDLES (Expanding Balance Sheet) When this week's value is higher than last week's Interpretation: Fed is adding liquidity (Quantitative Easing) Historically bullish for risk assets 🔴 RED CANDLES (Contracting Balance Sheet) When this week's value is lower than last week's Interpretation: Fed is removing liquidity (Quantitative Tightening) Historically bearish or neutral for risk assets Value Label A floating label displays the current balance sheet value in trillions (e.g., "$8.75T") so you always know the exact figure at a glance. 📈 PRACTICAL APPLICATIONS 1. Market Regime Identification Strings of green candles = Liquidity-driven bull markets Strings of red candles = Tightening-induced bear markets or corrections Color transitions = Potential market inflection points 2. Correlation Analysis Overlay on stock indices (SPY, QQQ, IWM) Overlay on crypto (BTC, ETH) Overlay on commodities (Gold, Silver) Observe how asset prices react to Fed liquidity changes in real-time 3. Macro Timing Large green candles = Aggressive easing (crisis response) Large red candles = Aggressive tightening (inflation fighting) Small candles = Neutral policy (Fed on hold) 4. Risk Management Shift portfolio allocation based on liquidity environment Reduce leverage during red candle trends Increase exposure during green candle trends Use as confirmation for other technical signals 5. Multi-Timeframe Context Daily charts: See how daily price action relates to weekly Fed data Weekly charts: Perfect alignment with data release frequency Monthly charts: Visualize long-term monetary cycles spanning years ⚙️ SETTINGS Zero configuration needed. Simply add the indicator to any chart and it works immediately. The indicator automatically: Overlays on your main chart Uses the left price scale (won't interfere with asset prices) Updates with the latest Fed data Displays values in trillions for clean readability 🎨 VISUAL DESIGN PHILOSOPHY The indicator uses semi-transparent candle bodies with vibrant borders to maintain visibility without obscuring your price action. The color scheme follows universal chart conventions where green represents growth/expansion and red represents decline/contraction. It's designed to blend seamlessly into any chart theme while providing immediate visual clarity about the Fed's monetary stance. 📚 WHAT YOU NEED TO KNOW Data Availability Historical data available from December 2002 (over 20 years of Fed policy) Updates every Wednesday (Federal Reserve's reporting schedule) Typically published with a 1-week lag How the Data Appears On weekdays: Shows the most recent Wednesday's data On weekends: Shows Friday's data (which is the prior Wednesday's figure) Updates automatically when new data is released Scale Considerations The Fed's balance sheet is measured in trillions, while most assets are priced much lower. The indicator uses the left price scale by default to avoid conflicts with your main asset's price scale. You can easily move it to a separate pane if you prefer. 🧠 INTERPRETATION GUIDE Historical QE Phases (Green Candles) 2008-2014: Financial Crisis Response The Fed's balance sheet expanded from under $1T to ~$4.5T to stabilize markets after the mortgage crisis. 2020: COVID-19 Response Rapid expansion to ~$7T as the Fed stepped in during pandemic lockdowns. 2020-2022: Extended Support Balance sheet reached historic peak of ~$9T. Historical QT Phases (Red Candles) 2017-2019: First Modern QT Attempt The Fed tried to normalize its balance sheet, reducing it from ~$4.5T to ~$3.8T before pivoting. 2022-Present: Inflation-Fighting QT The Fed began shrinking its balance sheet to combat inflation, letting bonds mature without replacement. Key Insights Size matters, but rate of change matters MORE. A $9T balance sheet growing slowly has different implications than a $5T balance sheet growing rapidly. Watch for acceleration. Increasingly large candles (up or down) signal a policy shift that markets will notice. Plateaus mean "wait and see." Tiny candles indicate the Fed is holding steady and watching economic data. Reversals are major events. When candles switch from green to red (or vice versa), the Fed has changed course—these are critical market turning points. 🎓 EDUCATIONAL VALUE This indicator helps you understand: The mechanics of monetary policy through visual learning The lag between Fed actions and market reactions by observing temporal correlation The scale of modern central banking (trillions put into perspective) The relationship between liquidity and asset prices (cause and effect in action) Many traders talk about "don't fight the Fed" but never actually track what the Fed is doing. Now you can see it as clearly as you see price action. 🔗 RELATED CONCEPTS For comprehensive macro analysis, consider also tracking: Fed Funds Rate (short-term interest rates) M2 Money Supply (broader measure of money in circulation) Treasury Yield Curves (bond market expectations) Dollar Index (DXY) (currency strength) VIX (market fear/volatility) The Fed's balance sheet is just one piece of the puzzle, but it's arguably the most important one for understanding liquidity conditions. ⚠️ DISCLAIMER This indicator displays publicly available economic data from the Federal Reserve. It is for informational and educational purposes only and does not constitute financial advice. Important considerations: Past monetary policy does not guarantee future market outcomes Correlation does not equal causation Asset prices are influenced by many factors beyond Fed liquidity Always use proper risk management Consult with qualified financial professionals before making investment decisions Trading involves substantial risk of loss and is not suitable for everyone. 📜 VERSION HISTORY Version 1.0 - Initial Release Fed balance sheet visualized as candlesticks Real-time FRED data integration Automatic display in trillions Dynamic color coding (green/red) Current value label with exact figure 💡 WHY CANDLES? You might wonder: "Why show the Fed's balance sheet as candles instead of a line?" Because candles tell stories that lines can't. A line shows you where we are Candles show you how we got here, how fast we're moving, and what momentum looks like Candles make the Fed's actions feel immediate and tangible Candles connect macro data to the chart language you already speak When you see three big green candles in a row on the Fed balance sheet while your crypto or stock portfolio is rallying, you feel the connection. When you see the candles turn red and shrink, you understand the headwinds forming. It transforms dry economic data into actionable market intelligence. 📞 SUPPORT & FEEDBACK If you find this indicator valuable: ⭐ Like and favorite to help others discover it 📝 Comment with your use cases and insights 🔔 Follow for updates and new macro indicators Your feedback drives improvements and helps build better tools for the trading community. 🚀 THE BOTTOM LINE The Fed's balance sheet is the tide that lifts or lowers all boats. Whether you're trading stocks, crypto, forex, or commodities—whether you're a day trader or long-term investor—understanding the Fed's liquidity operations gives you an edge. This indicator makes that understanding visual, immediate, and actionable. Stop guessing about macro conditions. Start seeing them. "Don't fight the Fed" - Wall Street Wisdom Now you can see exactly what they're doing—in the same language you use to read price action. May your trades ride the tide of liquidity. 🌊📈
Pine Script® indicator
by KevinSvenson_
RSI Fibonacci Flow [JOAT]RSI Fibonacci Flow - Advanced Fibonacci Retracement with RSI Confluence Introduction RSI Fibonacci Flow is an open-source overlay indicator that combines automatic Fibonacci retracement levels with RSI momentum analysis to identify high-probability trading zones. The indicator automatically detects swing highs and lows, draws Fibonacci levels, and generates confluence signals when RSI conditions align with key Fibonacci zones. This indicator is designed for traders who use Fibonacci retracements but want additional confirmation from momentum analysis before entering trades. Originality and Purpose This indicator is NOT a simple mashup of RSI and Fibonacci tools. It is an original implementation that creates a synergistic relationship between two complementary analysis methods: Why Combine RSI with Fibonacci? Fibonacci retracements identify WHERE price might reverse, but they don't tell you WHEN. RSI provides the timing component by showing momentum exhaustion. When price reaches the Golden Zone (50%-61.8%) AND RSI shows oversold conditions, the probability of a successful bounce increases significantly. Original Confluence Scoring System: The indicator calculates a 0-5 confluence score that weights multiple factors: Golden Zone presence (+2), entry zone presence (+1), RSI extreme alignment (+1), RSI divergence (+1), and strong RSI momentum (+1). This scoring system is original to this indicator. Automatic Pivot Detection: Unlike manual Fibonacci tools, this indicator automatically detects swing highs and lows using a configurable pivot algorithm, then draws Fibonacci levels accordingly. The pivot detection uses a center-bar comparison method that checks if a bar's high/low is the highest/lowest within the specified depth on both sides. Dynamic Trend Awareness: The indicator determines trend direction based on pivot sequence (last pivot was high or low) and adjusts Fibonacci orientation accordingly. In uptrends, 0% is at swing low; in downtrends, 0% is at swing high. Each component serves a specific purpose: Fibonacci levels identify potential reversal zones based on natural price ratios RSI provides momentum context to filter out low-probability setups Confluence scoring quantifies setup quality for position sizing decisions Automatic pivot detection removes subjectivity from level placement Core Concept: RSI-Fibonacci Confluence The most powerful trading setups occur when multiple factors align. RSI Fibonacci Flow identifies these moments by: Automatically detecting price pivots and drawing Fibonacci levels Tracking which Fibonacci zone the current price occupies Monitoring RSI for overbought/oversold conditions Generating signals when RSI extremes coincide with key Fibonacci levels Scoring confluence strength on a 0-5 scale When price reaches the Golden Zone (50%-61.8%) while RSI shows oversold conditions in an uptrend, the probability of a bounce increases significantly. Fibonacci Levels Explained The indicator draws nine Fibonacci levels based on the most recent swing: 0% (Swing Low/High): The starting point of the move 23.6%: Shallow retracement - often seen in strong trends 38.2%: First significant support/resistance level 50%: Psychological midpoint of the move 61.8% (Golden Ratio): The most important Fibonacci level 78.6%: Deep retracement - last defense before trend failure 100% (Swing High/Low): The end point of the move 127.2% (TP1): First extension target for take profit 161.8% (TP2): Second extension target for take profit The Golden Zone The area between 50% and 61.8% is highlighted as the "Golden Zone" because: It represents the optimal retracement depth for trend continuation Institutional traders often place orders in this zone It offers favorable risk-to-reward ratios Price frequently bounces from this area in healthy trends When price enters the Golden Zone, the indicator highlights it with a semi-transparent box and optional background coloring. Pivot Detection System The indicator uses a configurable pivot detection algorithm: pivotDetect(float src, int len, bool isHigh) => int halfLen = len / 2 float centerVal = nz(src , src) bool isPivot = true for i = 0 to len - 1 if isHigh if nz(src , src) > centerVal isPivot := false break else if nz(src , src) < centerVal isPivot := false break isPivot ? centerVal : float(na) This identifies swing highs and lows by checking if a bar's high/low is the highest/lowest within the specified depth on both sides. Visual Components 1. Fibonacci Lines Horizontal lines at each Fibonacci level: Solid lines for major levels (0%, 50%, 61.8%, 100%) Dashed lines for secondary levels (23.6%, 38.2%, 78.6%) Dotted lines for extension levels (127.2%, 161.8%) Color-coded for easy identification Configurable line width 2. Fibonacci Labels Price labels at each level showing: Fibonacci percentage Actual price at that level Golden Zone label highlighted TP1 and TP2 labels for targets 3. Golden Zone Box A semi-transparent box highlighting the 50%-61.8% zone: Gold colored border and fill Extends from swing start to current bar (or beyond if extended) Provides clear visual of the optimal entry zone 4. ZigZag Lines Connecting lines between detected pivots: Cyan for moves from low to high Orange for moves from high to low Helps visualize market structure Configurable line width 5. Pivot Markers Small labels at detected swing points: "HH" (Higher High) at swing highs "LL" (Lower Low) at swing lows Helps track market structure 6. Entry Signals BUY and SELL labels when confluence conditions are met: BUY: RSI oversold + price in entry zone + uptrend + positive momentum SELL: RSI overbought + price in entry zone + downtrend + negative momentum Labels include "RSI+FIB" to indicate confluence Confluence Scoring System The indicator calculates a confluence score from 0 to 5: +2 points: Price is in the Golden Zone (50%-61.8%) +1 point: Price is in the entry zone (38.2%-61.8%) +1 point: RSI is oversold in uptrend OR overbought in downtrend +1 point: RSI divergence detected (bullish or bearish) +1 point: Strong RSI momentum (change > 2 points) Confluence ratings: STRONG (4-5): Multiple factors align - high probability setup MODERATE (2-3): Some factors align - proceed with caution WEAK (0-1): Few factors align - wait for better setup Dashboard Panel The 10-row dashboard provides comprehensive analysis: RSI Value: Current RSI reading (large text) RSI State: OVERBOUGHT, OVERSOLD, BULLISH, BEARISH, or NEUTRAL Fib Trend: UPTREND or DOWNTREND based on last pivot sequence Price Zone: Current Fibonacci zone (e.g., "GOLDEN ZONE", "38.2% - 50%") Price: Current close price (large text) Confluence: Score rating with numeric value (e.g., "STRONG (4/5)") Nearest Fib: Closest key Fibonacci level with price TP1 (127.2%): First take profit target price TP2 (161.8%): Second take profit target price Input Parameters Pivot Detection: Pivot Depth: Bars to look back for swing detection (default: 10) Min Deviation %: Minimum price move to confirm pivot (default: 1.0) RSI Settings: RSI Length: Period for RSI calculation (default: 14) Source: Price source (default: close) Overbought: Upper threshold (default: 70) Oversold: Lower threshold (default: 30) Fibonacci Display: Show Fib Lines: Toggle Fibonacci lines (default: enabled) Show Fib Labels: Toggle price labels (default: enabled) Show Golden Zone Box: Toggle zone highlight (default: enabled) Line Width: Thickness of Fibonacci lines (default: 2) Extend Fib Lines: Extend lines into future (default: enabled) ZigZag: Show ZigZag: Toggle connecting lines (default: enabled) ZigZag Width: Line thickness (default: 2) Signals: Show Entry Signals: Toggle BUY/SELL labels (default: enabled) Show TP Levels: Toggle take profit in dashboard (default: enabled) Show RSI-Fib Confluence: Toggle confluence analysis (default: enabled) Dashboard: Show Dashboard: Toggle information panel (default: enabled) Position: Choose corner placement Colors: Bullish: Color for bullish elements (default: cyan) Bearish: Color for bearish elements (default: orange) Neutral: Color for neutral elements (default: gray) Golden Zone: Color for Golden Zone highlight (default: gold) How to Use RSI Fibonacci Flow Identifying Entry Zones: Wait for price to retrace to the 38.2%-61.8% zone Check if RSI is approaching oversold (for longs) or overbought (for shorts) Look for STRONG confluence rating in the dashboard Enter when BUY or SELL signal appears Setting Take Profit Targets: TP1 at 127.2% extension for conservative target TP2 at 161.8% extension for aggressive target Consider scaling out at each level Using the Price Zone: "BELOW 23.6%" - Price hasn't retraced much; wait for deeper pullback "23.6% - 38.2%" - Shallow retracement; strong trend continuation possible "38.2% - 50%" - Good entry zone for trend trades "GOLDEN ZONE" - Optimal entry zone; highest probability "61.8% - 78.6%" - Deep retracement; trend may be weakening "78.6% - 100%" - Very deep; trend reversal possible "ABOVE/BELOW 100%" - Trend has likely reversed Confluence Trading Strategy: Only take trades with confluence score of 3 or higher STRONG confluence (4-5) warrants larger position size MODERATE confluence (2-3) warrants smaller position size WEAK confluence (0-1) - wait for better setup Alert Conditions Ten alert conditions are available: RSI-Fib BUY Signal: Strong bullish confluence detected RSI-Fib SELL Signal: Strong bearish confluence detected Price in Golden Zone: Price enters 50%-61.8% zone New Pivot High: Swing high detected New Pivot Low: Swing low detected RSI Overbought: RSI crosses above overbought threshold RSI Oversold: RSI crosses below oversold threshold Bullish Divergence: Potential bullish RSI divergence Bearish Divergence: Potential bearish RSI divergence Strong Confluence: Confluence score reaches 4 or higher Understanding Trend Direction The indicator determines trend based on pivot sequence: UPTREND: Last pivot was a low after a high (expecting move up) DOWNTREND: Last pivot was a high after a low (expecting move down) Fibonacci levels are drawn accordingly: In uptrend: 0% at swing low, 100% at swing high In downtrend: 0% at swing high, 100% at swing low Bar Coloring When confluence features are enabled: Cyan bars on strong bullish signals Orange bars on strong bearish signals Gold-tinted bars when price is in Golden Zone Best Practices Use on 1H timeframe or higher for more reliable pivots Adjust Pivot Depth based on timeframe (higher for longer timeframes) Wait for price to enter Golden Zone before considering entries Confirm RSI is in favorable territory before trading Use extension levels (127.2%, 161.8%) for realistic profit targets Combine with support/resistance and candlestick patterns Higher confluence scores indicate higher probability setups Limitations Pivot detection has inherent lag (must wait for confirmation) Fibonacci levels are subjective - different swings produce different levels Works best in trending markets with clear swings RSI can remain overbought/oversold in strong trends Not all Golden Zone entries will be successful The source code is open and available for review and modification. Disclaimer This indicator is provided for educational and informational purposes only. It is not financial advice. Trading involves substantial risk of loss. Past performance does not guarantee future results. Fibonacci levels are not guaranteed support/resistance - they are probability zones based on historical price behavior. Always conduct your own analysis and use proper risk management. - Made with passion by officialjackofalltrades :D
Pine Script® indicator
by officialjackofalltrades
[CT] D&W PPO + RBF + DivergenceThis indicator combines two separate ideas into one tool so you can read trend context from your price chart while timing momentum shifts from a clean oscillator panel. The first component is the Daily and Weekly Percentage Price Oscillator (D&W PPO), which measures the relationship between two EMA spreads that are intentionally built to reflect two “speeds” of market structure. The “weekly” leg is calculated as the percentage distance between a slower and faster EMA pair (L1 and L2), and the “daily” leg is calculated as the percentage distance between a shorter EMA pair (L3 and L4), but both are normalized by the same long EMA (e2) so the values behave like a percent-based oscillator rather than raw points. The script then combines those two legs by creating R = W + D, and it plots the histogram as R − W, which simplifies to D. That is not a mistake, it is the point of the design. By setting the baseline at “R equals W,” the zero line becomes a very intuitive threshold that tells you whether the shorter-term push is adding to the longer-term bias or subtracting from it. When the histogram is above zero, the daily component is supportive of the larger trend pressure, and when it is below zero, the daily component is opposing it. The histogram color is intentionally binary and stable, green when the histogram is at or above zero and red when it is below, so the panel reads like a momentum confirmation tool rather than a noisy oscillator that constantly shifts shades. The second component is the RBF Price Trail, which is drawn on the upper price chart even though the indicator itself lives in a lower panel. This line is not a moving average in the traditional sense. It is a Radial Basis Function kernel smoother that weights recent prices based on their similarity rather than only their recency. In plain terms, the kernel attempts to build a smoother “baseline” that adapts to the shape of price action, and then the script optionally wraps that baseline inside an ATR band and applies a Supertrend-like trailing clamp. When the ATR band is enabled, the line will not simply track the kernel value, it will trail price and hold its position until price forces it to ratchet. This behavior is what makes it useful as a structure-aligned trend line rather than just another smoothing curve. When the adaptive band boost is enabled, the band width is multiplied by a factor that grows when recent price change is large relative to a lookback normalization window. That means the trailing mechanism can adapt to fast markets by changing the effective band behavior, which helps reduce whipsaws in choppy conditions while still allowing the line to respond when volatility expands. The line color is determined by where price closes relative to the trail, bullish when price is above the trail and bearish when price is below it, and you can optionally color your actual chart candles from either the PPO state or the RBF state depending on what you want your eyes to follow. The settings are organized so you can control each module without changing how the core PPO trend logic behaves. The PPO settings L1, L2, L3, and L4 define the EMA lengths used to compute the weekly leg W and the daily leg D. Increasing these values makes the oscillator slower and smoother, while decreasing them makes it react faster to recent movement. “Show W line” is simply a visual aid, it plots the W line in the oscillator panel so you can see the longer-term component, but it does not change the histogram logic. “Histogram thickness” is purely visual and controls how thick the column bars are. The PPO colors are the two base colors used for the histogram state, green when the daily component is supportive and red when it is opposing. The RBF settings control what you see on the upper chart. “Show RBF on Price Chart” turns the trail line on or off. “Source” chooses which price series feeds the kernel, and close is usually the cleanest choice. “Kernel Length” determines how many bars the kernel uses; a larger value makes the baseline smoother and slower, and a smaller value makes it more reactive. “Gamma Adj” controls how quickly the kernel’s weights decay as price becomes dissimilar, so higher gamma tends to make the kernel react more sharply to changes while lower gamma produces a broader smoothing effect. “Use ATR Trail Band” is the switch that turns the kernel baseline into a trailing band line, and it is the reason the line can “hold” and then ratchet instead of moving continuously like a normal moving average. “ATR Length” and “ATR Factor” control the width of that band, and widening the band will generally reduce flips and noise at the cost of later signals. “Use Adaptive Band Boost” turns on the volatility normalization idea, “Boost Normalization Lookback” defines how far back the script looks to determine what counts as a large price change, and “Boost Multiplier” controls how strongly the band behavior is adjusted during those periods. The line width and bull/bear colors are visual controls only. Price bar coloring is intentionally handled with a single selector so you do not end up with two modules fighting to color candles differently. If you choose “Off,” nothing on the main chart is recolored. If you choose “PPO,” your price candles reflect whether the PPO histogram is above or below zero. If you choose “RBF,” your price candles reflect whether price is above or below the RBF trail. Most traders will pick one and stick with it so the chart communicates a single bias at a glance. The divergence module is optional and is designed to be a confirmation layer rather than a primary trigger. When enabled, it can mark regular divergence and hidden divergence, and it lets you decide what the pivots should be based on. The divergence source can be the PPO histogram or the R line, depending on whether you want divergence measured on the cleaner momentum component or on the combined series. “Key off pivots” determines whether pivot detection is driven by oscillator pivots or by price pivots. If you choose oscillator pivots, divergence anchors are found where the oscillator makes pivot highs or lows and those are compared against price at the same points. If you choose price pivots, the pivots are taken from price first and the oscillator value at those pivot bars is used for the comparison, which can feel more intuitive when you want divergence to respect obvious swing structure on the chart. Pivot Left and Pivot Right control how strict the swing definition is, larger values create fewer but more meaningful pivots and smaller values create more frequent signals. “Mark on Price Chart” adds tiny markers on the candles at the pivot location so you can see where the divergence event was confirmed, while the oscillator panel uses lines and labels to make the divergence relationship obvious. For trading, the cleanest way to use this tool is to separate “bias” from “timing.” The RBF Price Trail is your bias filter because it is structure-like and tends to hold and ratchet rather than constantly drifting. When price is closing above the trail and the trail is colored bullish, you treat the market as long-biased and you focus on long setups, pullbacks, and continuation entries. When price is closing below the trail and the trail is bearish, you treat the market as short-biased and you focus on short setups, rallies, and continuation shorts. The PPO histogram is then your timing and pressure confirmation. In an up-bias, the highest quality continuation conditions are when the histogram is above zero and stays above zero through pullbacks, because that means the shorter-term pressure is still supporting the longer-term drift. When the histogram dips below zero during an up-bias, it is a warning that the daily component is now opposing, which often corresponds to a deeper pullback, a rotation, or a period of consolidation, so you either wait for the histogram to recover above zero or you tighten expectations and manage risk more aggressively. In a down-bias, the mirror logic applies: the best continuation conditions are when the histogram is below zero, and pushes above zero tend to represent countertrend rotations or pauses inside the bearish condition. Divergence is best used as an early warning and a location filter, not as a standalone entry button. Regular bullish divergence, where price makes a lower low but the oscillator makes a higher low, can signal bearish pressure is weakening and is most useful when it appears while price is below the RBF trail but failing to continue downward, because it often precedes a reclaim of the trail or at least a meaningful rotation. Regular bearish divergence, where price makes a higher high but the oscillator makes a lower high, can signal bullish pressure is weakening and is most useful when it appears while price is above the trail but extension is failing, because it often precedes a drop back to the trail or a full flip. Hidden divergence is a continuation concept. Hidden bullish divergence, where price makes a higher low while the oscillator makes a lower low, often shows up during pullbacks in an uptrend and can help you confirm continuation as long as the RBF bias remains bullish. Hidden bearish divergence, where price makes a lower high while the oscillator makes a higher high, often shows up during rallies in a downtrend and can help you confirm continuation as long as the RBF bias remains bearish. In practice, you’ll get the best results when you only act on divergence that aligns with the RBF bias for hidden divergence continuation, and you treat regular divergence as a caution or reversal setup only when it occurs near a meaningful swing and is followed by a bias change or a strong momentum shift on the PPO. The most practical workflow is to keep the RBF trail visible on the price chart as your regime guide, keep the PPO histogram as your momentum confirmation, and decide in advance whether you want candle coloring to represent the PPO state or the RBF state so your eyes are not reading two different meanings at once. if you want the cleanest “trend-following” behavior, color candles by the RBF trail and use the PPO histogram as the timing trigger. If you want the cleanest “momentum-first” behavior, color candles by PPO and treat the RBF trail as the higher-level filter for whether you should press a move or fade it.
Pine Script® indicator
by ChaosTrader63
Enigma UnlockedENIGMA Indicator: A Comprehensive Market Bias & Success Tracker The ENIGMA Indicator is a powerful tool designed for traders who aim to identify market bias, track price movements, and evaluate trade performance using multiple timeframes. It combines multiple indicators and advanced logic to provide real-time insights into market trends, helping traders make more informed decisions. Key Features 1. Multi-Timeframe Bias Calculation: The ENIGMA Indicator tracks the market bias across multiple timeframes—Daily (D), 4-Hour (H4), 1-Hour (H1), 30-Minute (30M), 15-Minute (15M), 5-Minute (5M), and 1-Minute (1M). How the Bias is Created: The Bias is a key feature of the ENIGMA Indicator and is determined by comparing the current price with previous price levels for each timeframe. - Bullish Bias (1): The market is considered **bullish** if the **current closing price** is higher than the **previous timeframe’s high**. This suggests that the market is trending upwards, and buyers are in control. - Bearish Bias (-1): The market is considered **bearish** if the **current closing price** is lower than the **previous timeframe’s low**. This suggests that the market is trending downwards, and sellers are in control. - Neutral Bias (0): The market is considered **neutral** if the price is between the **previous high** and **previous low**, indicating indecision or a range-bound market. This bias calculation is performed independently for each timeframe. The **Bias** for each timeframe is then displayed in the **Bias Table** on your chart, providing a clear view of market direction across multiple timeframes. 2. **Customizable Table Display:** - The indicator provides a table that displays the bias for each selected timeframe, clearly marking whether the market is **Bullish**, **Bearish**, or **Neutral**. - Users can choose where to place the table on the chart: top-left, top-right, bottom-left, bottom-right, or center positions, allowing for easy and personalized chart management. 3. **Win/Loss Tracker:** - The table also tracks the **success rate** of **buy** and **sell** trades based on price retests of key bias levels. - For each period (Day, Week, Month), it tracks how often the price has moved in the direction of the initial bias, counting **Buy Wins**, **Sell Wins**, **Buy Losses**, and **Sell Losses**. - This helps traders assess the effectiveness of the market bias over time and adjust their strategies accordingly. #### **How the Success Calculation Determines the Success Rate:** The **Success Calculation** is designed to track how often the price follows the direction of the market bias. It does this by evaluating how the price retests key levels associated with the identified market bias: 1. **Buy Success Calculation**: - The success of a **Buy Trade** is determined when the price breaks above the **previous high** after a **bullish bias** has been identified. - If the price continues to move higher (i.e., makes a new high) after breaking the previous high, the **buy trade is considered successful**. - The indicator tracks how many times this condition is met and counts it as a **Buy Win**. 2. **Sell Success Calculation**: - The success of a **Sell Trade** is determined when the price breaks below the **previous low** after a **bearish bias** has been identified. - If the price continues to move lower (i.e., makes a new low) after breaking the previous low, the **sell trade is considered successful**. - The indicator tracks how many times this condition is met and counts it as a **Sell Win**. 3. **Failure Calculations**: - If the price does not move as expected (i.e., it does not continue in the direction of the identified bias), the trade is considered a **loss** and is tracked as **Buy Loss** or **Sell Loss**, depending on whether it was a bullish or bearish trade. The ENIGMA Indicator keeps a running tally of **Buy Wins**, **Sell Wins**, **Buy Losses**, and **Sell Losses** over a set period (which can be customized to Days, Weeks, or Months). These statistics are updated dynamically in the **Bias Table**, allowing you to track your success rate in real-time and gain insights into the effectiveness of the market bias. #### **Customizable Period Tracking:** - The ENIGMA Indicator allows you to set custom tracking periods (e.g., 30 days, 2 weeks, etc.). The performance metrics reset after each tracking period, helping you monitor your success in different market conditions. 5. **Interactive Settings:** - **Lookback Period**: Define how many bars the indicator should consider for bias calculations. - **Success Tracking**: Set the number of candles to track for calculating the win/loss performance. - **Time Threshold**: Set a time threshold to help define the period during which price retests are considered valid. - **Info Tooltip**: You can enable the information tool in the settings to view detailed explanations of how wins and losses are calculated, ensuring you understand how the indicator works and how the results are derived. #### **How to Use the ENIGMA Indicator:** 1. **Install the Indicator**: - Add the ENIGMA Indicator to your chart. It will automatically calculate and display the bias for multiple timeframes. 2. **Interpret the Bias Table**: - The bias table will show whether the market is **Bullish**, **Bearish**, or **Neutral** across different timeframes. - Look for alignment between the timeframes—when multiple timeframes show the same bias, it may indicate a stronger trend. 3. **Use the Win/Loss Tracker**: - Track how well your trades align with the bias using the **Win/Loss Tracker**. This helps you refine your strategy by understanding which timeframes and biases lead to higher success rates. - For example, if you see a high number of **Buy Wins** and a low number of **Sell Wins**, you may decide to focus more on buying during bullish trends and avoid selling during bearish retracements. 4. **Track Your Period Performance**: - The indicator will automatically track your performance over the set period (Days, Weeks, Months). Use this data to adjust your approach and evaluate the effectiveness of your trading strategy. 5. **Position the Table**: - Customize the placement of the table on your chart based on your preferences. You can choose from options like **Top Left**, **Top Right**, **Bottom Left**, **Bottom Right**, or **Center** to keep the chart uncluttered. 6. **Adjust Settings**: - Modify the indicator settings according to your trading style. You can adjust the **Lookback Period**, **Number of Candles to Track**, and **Time Threshold** to match the pace of your trading. 7. **Use the Info Tooltip**: - Enable the **Info Tool** in the settings to understand how the Buy/Sell Wins and Losses are calculated. The tooltip provides a breakdown of how the indicator tracks price movements and calculates the success rate. **Conclusion:** The **ENIGMA Indicator** is designed to help traders make informed decisions by providing a clear view of the market bias and performance data. With the ability to track bias across multiple timeframes and evaluate your trading success, it can be a powerful tool for refining your trading strategies. Whether you're looking to focus on a single timeframe or analyze multiple timeframes for a stronger bias, the ENIGMA Indicator adapts to your needs, providing both real-time market insights and performance feedback.
Pine Script® indicator
by Niko-picasso369
2