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Smart Money Breakout Channels [AlgoAlpha]🟠 OVERVIEW This script draws breakout detection zones called “Smart Money Breakout Channels” based on volatility-normalized price movement and visualizes them as dynamic boxes with volume overlays. It identifies temporary accumulation or distribution ranges using a custom normalized volatility metric and tracks when price breaks out of those zones—either upward or downward. Each channel represents a structured range where smart money may be active, helping traders anticipate key breakouts with added context from volume delta, up/down volume, and a visual gradient gauge for momentum bias. 🟠 CONCEPTS The script calculates normalized price volatility by measuring the standard deviation of price mapped to a scale using the highest and lowest prices over a set lookback period. When normalized volatility reaches a local low and flips upward, a boxed channel is drawn between the highest and lowest prices in that zone. These boxes persist until price breaks out, either with a strong candle close (configurable) or by touching the boundary. Volume analysis enhances interpretation by rendering delta bars inside the box, showing volume distribution during the channel. Additionally, a real-time visual “gauge” shows where volume delta sits within the channel range, helping users spot pressure imbalances. 🟠 FEATURES Automatic detection and drawing of breakout channels based on volatility-normalized price pivots. Optional nested channels to allow multiple simultaneous zones or a clean single-zone view. Gradient-filled volume gauge with dynamic pointer to show current delta pressure within the box. Three volume visualization modes: raw volume, comparative up/down volume, and delta. Alerts for new channel creation and confirmed bullish or bearish breakouts. 🟠 USAGE Apply the indicator to any chart. Wait for a new breakout box to form—this occurs when volatility behavior shifts and a stable range emerges. Once a box appears, monitor price relative to its boundaries. A breakout above suggests bullish continuation, below suggests bearish continuation; signals are stronger when “Strong Closes Only” is enabled. Watch the internal volume candles to understand where buy/sell pressure is concentrated during the box. Use the gauge on the right to interpret whether net pressure is building upward or downward before breakout to anticipate the direction. Use alerts to catch breakout events without needing to monitor the chart constantly 🚨.
Pine Script® indicator
by AlgoAlpha
49
Price Exhaustion Envelope [BackQuant]Price Exhaustion Envelope Visual preview of the bands: What it is The Price Exhaustion Envelope (PEE) is a multi‑factor overextension detector wrapped inside a dynamic envelope framework. It measures how “tired” a move is by blending price stretch, volume surges, momentum and acceleration, plus optional RSI divergence. The result is a composite exhaustion score that drives both on‑chart signals and the adaptive width of three optional envelope bands around a smoothed baseline. When the score spikes above or below your chosen threshold, the script can flag exhaustion, paint candles, tint the background and fire alerts. How it works under the hood Exhaustion score Price component: distance of close from its mean in standard deviation units. Volume component: normalized volume pressure that highlights unusual participation. Momentum component: rate of change and acceleration of price, scaled by their own volatility. RSI divergence (optional): bullish and bearish divergences gently push the score lower or higher. Mode control: choose Price, Volume, Momentum or Composite. Composite averages the main pieces for a balanced view. Energy scale (0 to 100) The composite score is pushed through a logistic transform to create an “energy” value. High energy (above 70 to 80) signals a move that may be running hot, while very low energy (below 20 to 30) points to exhaustion on the downside. Envelope engine Baseline: EMA of price over the main lookback length. Width: base width is standard deviation times a multiplier. Type selector: • Static keeps the width fixed. • Dynamic expands width in proportion to the absolute exhaustion score. • Adaptive links width to the energy reading so bands breathe with market “heat.” Smoothing: a short EMA on the width reduces jitter and keeps bands pleasant to trade around. Band architecture You can toggle up to three symmetric bands on each side of the baseline. They default to 1.0, 1.6 and 2.2 multiples of the smoothed width. Soft transparent fills create a layered thermograph of extension. The outermost band often maps to true blow‑off extremes. On‑chart elements Baseline line that flips color in real time depending on where price sits. Up to three upper and lower bands with progressive opacity. Triangle markers at fresh exhaustion triggers. Tiny warning glyphs at extreme upper or lower breaches. Optional bar coloring to visually tag exhausted candles. Background halo when energy > 80 or < 20 for instant context. A compact info table showing State, Score, Energy, Momentum score and where price sits inside the envelope (percent). How to use it in trading Mean reversion plays When price pierces the outer band and an exhaustion marker prints, look for reversal candles or lower‑timeframe confirmation to fade the move back toward the baseline. For conservative entries, wait for the composite score to roll back under the threshold or for energy to drop from extreme to neutral. Set stops just beyond the extreme levels (use extreme_upper and extreme_lower as natural invalidation points). Targets can be the baseline or the opposite inner band. Trend continuation with smart pullbacks In strong trends, the first tag of Band 1 or Band 2 against the dominant direction often offers low‑risk continuation entries. Use energy readings: if energy is low on a pullback during an uptrend, a bounce is more likely. Combine with RSI divergence: hidden bullish divergence near a lower band in an uptrend can be a powerful confirmation. Breakout filtering A breakout that occurs while the composite score is still moderate (not exhausted) has a higher chance of follow‑through. Skip signals when energy is already above 80 and price is punching the outer band, as the move may be late. Watch env_position (Envelope %) in the table. Breakouts near 40 to 60 percent of the envelope are “healthy,” while those at 95 percent are stretched. Scaling out and risk control Use exhaustion alerts to trim positions into strength or weakness. Trail stops just outside Band 2 or Band 3 to stay in trends while letting the envelope expand in volatile phases. Multi‑timeframe confluence Run the script on a higher timeframe to locate exhaustion context, then drill down to a lower timeframe for entries. Opposite signals across timeframes (daily exhaustion vs. 5‑minute breakout) warn you to reduce size or tighten management. Key inputs to experiment with Lookback Period: larger values smooth the score and envelope, ideal for swing trading. Shorter values make it reactive for scalps. Exhaustion Threshold: raise above 2.0 in choppy assets to cut noise, drop to 1.5 for smooth FX pairs. Envelope Type: Dynamic is great for crypto spikes, Adaptive shines in stocks where volume and volatility wave together. RSI Divergence: turn off if you prefer a pure price/volume model or if divergence floods the score in your asset. Alert set included Fresh upper exhaustion Fresh lower exhaustion Extreme upper breach Extreme lower breach RSI bearish divergence RSI bullish divergence Hook these to TradingView notifications so you get pinged the moment a move hits exhaustion. Best practices Always pair exhaustion signals with structure. Support and resistance, liquidity pools and session opens matter. Avoid blindly shorting every upper signal in a roaring bull market. Let the envelope type help you filter. Use the table to sanity‑check: a very high score but mid‑range env_position means the band may still be wide enough to absorb more movement. Backtest threshold combinations on your instrument. Different tickers carry different volatility fingerprints. Final note Price Exhaustion Envelope is a flexible framework, not a turnkey system. It excels as a context layer that tells you when the crowd is pressing too hard or when a move still has fuel. Combine it with sound execution tactics, risk limits and market awareness. Trade safe and let the envelope breathe with the market.
Pine Script® indicator
by BackQuant
2
Prev Day & Premarket High/Low LinesThis TradingView Pine Script is designed to enhance intraday trading by visually marking key price levels on the chart. It automatically plots horizontal lines representing the previous day's high and low, as well as the pre-market session's high and low. These levels are critical for identifying support and resistance zones that traders often use for entries, exits, or to anticipate price reactions. The script calculates the previous day's high and low using daily historical data. For the pre-market session, which is defined as 4:00 AM to 9:30 AM Eastern Time, it tracks price movements on intraday charts and captures the highest and lowest price reached during that session. At exactly 9:31 AM EST, once the pre-market ends, the script draws horizontal lines at these levels for the current trading day. Each line's color and width are fully customizable through input settings, allowing users to match their chart themes or preferences. This tool is especially helpful for day traders and scalpers who rely on short-term price action. It ensures that important reference levels are clearly displayed without manual effort, aiding in quick decision-making and improving overall trading discipline and strategy execution.
Pine Script® indicator
by vivek3883d9f7b
Mirror US10YThis TradingView script is designed to automatically detect the asset you are viewing (stock, commodity, or crypto) and, if it matches a long list of supported tickers, overlays a "mirror" subchart. This subchart plots the price action of a related pair—typically the asset divided by the US 10-Year Treasury yield (US10Y), or another relevant macro or sector index. The script also detects and visualizes "Imbalance Fair Value Gaps" (IFVGs) on the subchart, and can trigger alerts when these gaps are filled. 1. Automatic Subchart Detection The script first checks which symbol you are viewing. If it matches a list of supported stocks or commodities (e.g., NVDA, TSLA, GOLD), it sets a corresponding subchart pair (e.g., NVDA/US20Y, GOLD/US10Y). If it’s a crypto asset, it checks both the exchange and the symbol, and sets a subchart like BINANCE:ADAUSDT/US10Y. If a match is found, it enables plotting for the subchart. 2. Subchart Data Fetching Once a subchart is selected, the script fetches its OHLCV data (open, high, low, close) and a 200-period ATR (Average True Range) using request.security. It then plots the subchart’s candlesticks in white (bullish) or red (bearish). 3. IFVG (Imbalance Fair Value Gap) Detection The script defines custom types and arrays to track bullish and bearish IFVGs and their "invalidation" (when the gap is filled). It detects IFVGs by looking for price gaps between the current and previous candles, filtered by ATR to avoid noise. When a gap is detected, it is stored in an array with its coordinates and direction. 4. IFVG Management and Visualization The script manages the lifecycle of each IFVG: it tracks when a gap is filled (invalidated) and moves it to a separate array. It draws colored boxes and dashed lines on the chart to visualize the last few IFVGs, using green for bullish and red for bearish. When a gap is filled, it places a label (▲ or ▼) at the fill point. 5. Alerts The script sets up two alert conditions: one for a bullish IFVG fill, and one for a bearish IFVG fill. These can be used to trigger TradingView alerts for trading signals. 6. Debugging and Info Labels The script displays labels on the chart showing the detected ticker and the subpair being plotted, for clarity. This indicator is even more reliable when combined with the Mirror 2 indicator, which shows the same system but mostly with the BTC pair in crypto. Both the Mirror US10Y and Mirror 2 also allow you to see the main inverse pairs in stocks.
Pine Script® indicator
by Fent-calaix
Enhanced Predator Suite🎯 Simple Predator Suite Guide - What You See on Your Chart 📍 What to Look For RIGHT NOW on Your BTC Chart 1. BAR COLORS (Most Important) Look at the color of each price bar: 🟢 BRIGHT GREEN = BUY SIGNAL (Bull Strong) 🟢 LIGHT GREEN = Weak buy (be careful) 🟠 ORANGE = Weak sell (take profits) 🔴 RED = SELL SIGNAL (Bear Strong) ⚫ GRAY = DON'T TRADE (choppy market) 2. TRIANGLE SIGNALS These are your entry points: ▲ GREEN TRIANGLE UP = Enter LONG (buy) on next bar ▼ RED TRIANGLE DOWN = Enter SHORT (sell) on next bar 3. TRAILING STOP LINES 🟢 GREEN LINE = Exit your long trades if price hits this 🔴 RED LINE = Exit your short trades if price hits this 🚀 SUPER SIMPLE TRADING METHOD FOR LONG TRADES (BUYING) Wait for a green triangle ▲ to appear Buy on the next candle Set stop loss below the green line Take profit when bars turn orange or red FOR SHORT TRADES (SELLING) Wait for a red triangle ▼ to appear Sell on the next candle Set stop loss above the red line Take profit when bars turn light green or bright green WHEN TO STAY OUT Gray bars = Market is confused, don't trade No triangles = No clear entry signal Price far from lines = You missed the move 🚫 COMMON MISTAKES TO AVOID DON'T Do These Things: ❌ Trade during gray bars (choppy market) ❌ Enter without seeing a triangle signal ❌ Ignore the trailing stop lines ❌ Trade with big position sizes at first ❌ Chase price if you missed the triangle DO These Instead: ✅ Wait patiently for clear triangle signals ✅ Always use the stop loss lines ✅ Start with tiny position sizes ✅ Take profits when bar colors change ✅ Stay out during gray bar periods
Pine Script® indicator
by Devjames
New Rsi For Entry FiltrationThis indicator, which is based on the RSI indicator, is written to prevent you from entering the wrong trade. Its operation is very simple. Enter a long trade when both the main area and the lower ribbon are green. Also, for a short trade, both the main area and the lower ribbon are red. The purple line also shows the stop loss level based on ATR. It is not advisable to enter the trade at the points indicated by R because the candlestick length is long.
Pine Script® indicator
by setbet215
1
Hawkes Volatility Exit IndicatorOverview The Hawkes Volatility Exit Indicator is a powerful tool designed to help traders capitalize on volatility breakouts and exit positions when momentum fades. Built on the Hawkes process, it models volatility clustering to identify optimal entry points after quiet periods and exit signals during volatility cooling. Designed to be helpful for swing traders and trend followers across markets like stocks, forex, and crypto. Key Features Volatility-Based Entries: Detects breakouts when volatility spikes above the 95th percentile (adjustable) after quiet periods (below 5th percentile). This indicator is probably better on exits than entries. Smart Exit Signals: Triggers exits when volatility drops below a customizable threshold (default: 30th percentile) after a minimum hold period. Hawkes Process: Uses a decay-based model (kappa) to capture volatility clustering, making it responsive to market dynamics. Visual Clarity: Includes a volatility line, exit threshold, percentile bands, and intuitive markers (triangles for entries, X for exits). Status Table: Displays real-time data on position (LONG/SHORT/FLAT), volatility regime (HIGH/LOW/NORMAL), bars held, and exit readiness. Customizable Alerts: Set alerts for breakouts and exits to stay on top of trading opportunities. How It Works Quiet Periods: Identifies low volatility (below 5th percentile) that often precede significant moves. Breakout Entries: Signals bullish (triangle up) or bearish (triangle down) entries when volatility spikes post-quiet period. Exit Signals: Suggests exiting when volatility cools below the exit threshold after a minimum hold (default: 3 bars). Visuals & Table: Tracks volatility, position status, and signals via lines, shaded zones, and a detailed status table. Settings Hawkes Kappa (0.1): Adjusts volatility decay (lower = smoother, higher = more sensitive). Volatility Lookback (168): Sets the period for percentile calculations. ATR Periods (14): Normalizes volatility using Average True Range. Breakout Threshold (95%): Volatility percentile for entries. Exit Threshold (30%): Volatility percentile for exits. Quiet Threshold (5%): Defines quiet periods. Minimum Hold Bars (3): Ensures positions are held before exiting. Alerts: Enable/disable breakout and exit alerts. How to Use Entries: Look for triangle markers (up for long, down for short) and confirm with the status table showing "ENTRY" and "LONG"/"SHORT." Exits: Exit on X cross markers when the status table shows "EXIT" and "Exit Ready: YES." Monitoring: Use the status table to track position, bars held, and volatility regime (HIGH/LOW/NORMAL). Combine: Pair with price action, support/resistance, or other indicators for better context. Tips : Adjust thresholds for your market: lower breakout thresholds for more signals, higher exit thresholds for earlier exits. Test on your asset to ensure compatibility (best for markets with volatility clustering). Use alerts to automate signal detection. Limitations Requires sufficient data (default: 168 bars) for reliable signals. Check "Data Status" in the table. Focuses on volatility, not price direction—combine with trend tools. May lag slightly due to the smoothing nature of the Hawkes process. Why Use It? The Hawkes Volatility Exit Indicator offers a unique, data-driven approach to timing trades based on volatility dynamics. Its clear visuals, customizable settings, and real-time status table make it a valuable addition to any trader’s toolkit. Try it to catch breakouts and exit with precision! This indicator is based on neurotrader888's python repo. All credit to him. All mistakes mine. This conversion published for wider attention to the Hawkes method.
Pine Script® indicator
by bearbearbull23
Fibonacci Range Detector ║ BullVision🔬 Overview The Fibonacci Range Mapper is a dynamic technical tool designed to identify, track, and visualize price ranges using Fibonacci levels. Whether you're trading manually or prefer automated structure recognition, this indicator helps you contextualize market moves and locate key price zones with precision. ⚙️ Core Logic 🔍 Range Detection (Auto & Manual Modes) In Auto mode, the indicator uses an advanced ZigZag system based on ATR or percentage thresholds to confirm market swings and construct Fibonacci-based ranges. In Manual mode, traders can define their own swing low and high to generate precise custom ranges. 📐 Fibonacci Mapping Each detected range is automatically plotted with key Fibonacci retracement levels — 0%, 25%, 50%, 75%, 100% — along with optional extensions (127.2% and 161.8%) to anticipate price continuations or reversals. 📋 Live Data Table An integrated info panel dynamically displays crucial metrics: • Range size • Current price zone (Discount / Mid / Premium) • Position within range (%) • Distance to range extremes • Range status (Pending or Confirmed) 🕰️ Historical Memory Up to 20 past ranges can be stored and visualized simultaneously, helping traders recognize repeated price behaviors and contextual support/resistance levels. 🎨 Visual Highlights Zones of interest (0–25% = Discount, 75–100% = Premium) are color-coded with custom transparency, and labels can be toggled for clarity. The current active range updates in real time as structure evolves. 🔧 User Customization • Detection Method: Choose between ATR or % ZigZag for automated swing identification • Confirmation Delay: Set how many bars to wait before confirming a new high • Manual Overrides: Select exact price levels when you want full control • Extensions & Labels: Toggle additional lines and info to suit your charting style • Visual Table Position: Customize where the data table appears on screen • Color Scheme: Define your own zone gradients for better visual interpretation 📈 Use Cases This indicator is ideal for traders who want to: • Identify value zones within local or macro price structures • Plan trades around Fibonacci retracement and extension levels • Detect shifts in market structure using an adaptive ZigZag logic • Track recurring price ranges and historical reaction points • Enhance technical confluence with clean, visual price mapping ⚠️ Important Notes This tool is not a buy/sell signal generator — it is a visual framework for structure-based analysis. Use it in conjunction with your existing strategy and risk management process. Always confirm with broader context and multi-timeframe alignment.
Pine Script® indicator
by BullVisionCapital
Hypothesis TF Strategy EvaluationThis script provides a statistical evaluation framework for trend-following strategies by examining whether mean returns (measured here as 1-period Rate of Change, ROC) differ significantly across different price quantile groups. Specifically, it: Calculates rolling 25th (Q1) and 75th (Q3) percentile levels of price over a user-defined window. Classifies returns into three groups based on whether price is above Q3, between Q1 and Q3, or below Q1. Computes mean returns and sample sizes for each group. Performs Welch's t-tests (which account for unequal variances) between groups to assess if their mean returns differ significantly. Displays results in two tables: Summary Table: Shows mean ROC and number of observations for each group. Hypothesis Testing Table: Shows pairwise t-statistics with significance stars for 95% and 99% confidence levels. Key Features Rolling quantile calculations: Captures local price distributions dynamically. Robust hypothesis testing: Welch's t-test allows for heteroskedasticity between groups. Significance indicators: Easy visual interpretation with "*" (95%) and "**" (99%) significance levels. Visual aids: Plots Q1 and Q3 levels on the price chart for intuitive understanding. Extensible and transparent: Fully commented code that emphasizes the evaluation process rather than trading signals. Important Notes Not a trading strategy: This script is intended as a tool for research and validation, not as a standalone trading system. Look-ahead bias caution: The calculation carefully avoids look-ahead bias by computing quantiles and ROC values only on past data at each point. Users must ensure look-ahead bias is removed when applying this or similar methods, as look-ahead bias would artificially inflate performance and statistical significance. The statistical tests rely on the assumption of independent samples, which might not fully hold in financial time series but still provide useful insights Usage Suggestions Use this evaluation framework to validate hypotheses about the behavior of returns under different price regimes. Integrate with your strategy development workflow to test whether certain market conditions produce statistically distinct return distributions. Example In this example, the script was run with a quantile length of 20 bars and a lookback of 500 bars for ROC classification. We consider a simple hypothetical "strategy": Go long if the previous bar closed above Q3 the 75th percentile). Go short if the previous bar closed below Q1 (the 25th percentile). Stay in cash if the previous close was between Q1 and Q3. The screenshot below demonstrates the results of this evaluation. Surprisingly, the "long" group shows a negative average return, while the "short" group has a positive average return, indicating mean reversion rather than trend following. The hypothesis testing table confirms that the only statistically significant difference (at 95% or higher confidence) is between the above Q3 and below Q1 groups, suggesting a meaningful divergence in their return behavior. This highlights how this framework can help validate or challenge intuitive assumptions about strategy performance through rigorous statistical testing.
Pine Script® indicator
by InvestorUnknown
Squeeze Momentum Indicator With EMAThis is a upgraded verison of the most popular Squeeze Momentum Indicator with highlighted lines on the chart to better show entry and exits. Also includes arrows for easy visibility. Can also set up ALERTS easily and you can change the color of the momentum highlighted areas to your preference. HOW TO USE : ***ENTER/EXIT WHEN*** 1.Ema 56 / 112 / 672 lines up 2.WHEN CROSSOVER ABOVE = Highlighted green with arrows means bullish entry or bearish exit. 3.WHEN CROSSOVER DOWN = Highlighted red with arows means bearish entry or bullish exit. 4.Exit when black areas occur ***AVOID TRADING WHEN*** 1.Arrows within black areas (Non momentum areas or non-squeeze areas) 2.Arrows not following trend(Down arrow during an upwards EMA trend) **Caution** You can decide to hold onto a position if you'd like durin the trend, but look at price action before exiting.
Pine Script® indicator
by bforbae46
UngliMulti-Indicator Confluence System This is a **multi-indicator confluence trading signal system** called "Ungli" that combines RSI, ADX, and MACD to identify high-probability momentum opportunities when used alongside chart pattern and trend line breakouts. ## Core Concept The script identifies moments when multiple technical indicators align to suggest potential price momentum moves, specifically looking for oversold and overbought conditions with momentum confirmation. Use green and red highlights along with chart patterns and trend line breakouts that signal a breakout for confluence for a likely momentum move. ## Technical Indicators Used **RSI (Relative Strength Index)** - Default 14-period RSI - Oversold threshold: < 40 - Overbought threshold: > 60 **ADX (Average Directional Index)** - Default 14-period ADX with DI+ and DI- - Threshold: 21 - Looks for ADX below threshold but ticking upward (momentum building) **MACD (Moving Average Convergence Divergence)** - Fast: 12, Slow: 26, Signal: 9 - Uses MACD line direction as trend filter ## Signal Logic **Green Background (Bullish Momentum Signal):** - RSI > 60 (overbought) - ADX < 21 AND rising - MACD line trending upward **Red Background (Bearish Momentum Signal):** - RSI < 40 (oversold) - ADX < 21 AND rising - MACD line trending downward ## Key Strategy Elements 1. **Confluence Approach**: Requires all three indicators to align, reducing false signals 2. **Momentum Filter**: ADX must be building (rising) even if low, indicating emerging trend strength 3. **Trend Confirmation**: MACD direction must match the expected move 4. **Visual Simplicity**: Clean background highlighting without chart clutter 5. **Pattern Integration**: Designed to work with chart patterns and breakout strategies ## Use Case This indicator is designed for swing trading and breakout strategies, identifying moments when oversold/overbought conditions coincide with building momentum in the expected direction. The ADX filter helps avoid choppy, trendless markets. Best used in conjunction with: - Support/resistance breakouts - Chart pattern breakouts (triangles, flags, channels) - Trend line breaks - Key level violations The background highlights serve as confluence confirmation when combined with your chart analysis and breakout setups.
Pine Script® indicator
by naikamit8
Markov Chain Trend ProbabilityA Markov Chain is a mathematical model that predicts future states based on the current state, assuming that the future depends only on the present (not the past). Originally developed by Russian mathematician Andrey Markov, this concept is widely used in: Finance: Risk modeling, portfolio optimization, credit scoring, algorithmic trading Weather Forecasting: Predicting sunny/rainy days, temperature patterns, storm tracking Here's an example of a Markov chain: If the weather is sunny, the probability that will be sunny 30 min later is say 90%. However, if the state changes, i.e. it starts raining, how the probability that will be raining 30 min later is say 70% and only 30% sunny. Similar concept can be applied to markets price action and trends. Mathematical Foundation The core principle follows the Markov Property: P(X_{t+1}|X_t, X_{t-1}, ..., X_0) = P(X_{t+1}|X_t) Transition Matrix : -------------Next State Current---- --------P11 P12 -----P21 P22 Probability Calculations: P(Up→Up) = Count(Up→Up) / Count(Up states) P(Down→Down) = Count(Down→Down) / Count(Down states) Steady-state probability: π = πP (where π is the stationary distribution) State Definition: State = UPTREND if (Price_t - Price_{t-n})/ATR > threshold State = DOWNTREND if (Price_t - Price_{t-n})/ATR < -threshold How It Works in Trading This indicator applies Markov Chain theory to market trends by: Defining States: Classifies market conditions as UPTREND or DOWNTREND based on price movement relative to ATR (Average True Range) Learning Transitions: Analyzes historical data to calculate probabilities of moving from one state to another Predicting Probabilities: Estimates the likelihood of future trend continuation or reversal How to Use Parameters: Lookback Period: Number of bars to analyze for trend detection (default: 14) ATR Threshold: Sensitivity multiplier for state changes (default: 0.5) Historical Periods: Sample size for probability calculations (default: 33) Trading Applications: Trend confirmation for entry/exit decisions Risk assessment through probability analysis Market regime identification Early warning system for potential trend reversals The indicator works on any timeframe and asset class. Enjoy!
Pine Script® indicator
by HenriqueCentieiro
8
First Round Break TrackerA simple indicator that tracks the first-time breakouts of round number levels (psychological levels) on any chart. Clean interface with minimal configuration needed First Breakout Only : Marks each round level only once when broken for the first time Customizable Step Size : Adjustable round number intervals (e.g., 100, 1000, 10000 etc.) Clean Visual Alerts : Green labels with "FIRST:" prefix appear exactly at breakout moments Real-time Info Panel : Shows current price, next target level, and total breakouts count
Pine Script® indicator
by trwklmn
TrendPilot AI v2 — Smart ATR Indicator with ZonesTrendPilot AI v2 is a smart price-action and ATR-based trading system designed for swing and position traders. It combines trend-following logic with adaptive price zones to help users identify high-probability Buy and Sell opportunities — along with intelligent re-entry points, weak signal detection, and visual structure zones. 🔧 Core Features: ✅ ATR-based Buy/Sell signals with confirmation logic ✅ Dynamic 99 EMA Channel for trend context ✅ Re-entry triangles for stacking or retracing setups ✅ 150 EMA Weak Signal Detection for early trend warnings ✅ 🧭 Price Action Zones (Premium, Equilibrium, Discount) ✅ Visual alerts via triangles, labels, and color-coded logic ✅ Designed for 15m, 1H, and 4H charts — also useful on Daily 🧠 How It Works (Logic Breakdown) 1️⃣ Trend Direction — EMA Channel Logic A 99 EMA Channel determines the dominant market bias. If price is above the channel → trend is Bullish → Buy signals are valid If price is below the channel → trend is Bearish → Sell signals are valid 2️⃣ Buy/Sell Signals — ATR Trailing Logic The system uses custom ATR trailing logic to detect when price momentum shifts. When a breakout aligns with trend direction, a Buy or Sell label appears. These are designed to capture the main trend leg or reversal zone. 3️⃣ Re-Entry Signals — Triangle Visual Cues During a confirmed trend, if price retraces to the EMA channel, a small triangle is shown: 🔼 Green triangle: Buy re-entry during bullish trend 🔽 Red triangle: Sell re-entry during bearish trend These are not new signals but continuation cues for advanced traders. 4️⃣ Weak Signal Detection — 150 EMA Logic A secondary 150 EMA helps detect possible trend exhaustion. If price dips below 150 EMA during a bullish run, an orange triangle appears (⚠️ caution). If price rises above 150 EMA during a bearish run, a blue triangle appears. This signals potential weakening of the active trend. 5️⃣ Price Zones — Premium, Equilibrium, Discount TrendPilot AI v2 draws 3 smart price zones based on ATR & market structure: 🟥 Premium Zone (Top) → Overbought area, caution for long trades 🟨 Equilibrium Zone (Middle) → Fair value, consolidation possible 🟩 Discount Zone (Bottom) → Oversold, better long entries These zones help filter signals and avoid entries in risky areas. Example: Avoid Buy signals inside Premium zone. 🧪 Suggested Use: ✅ Timeframes: 15m / 1H / 4H / 1D ✅ Combine signals with zone analysis for optimal entries ✅ Use re-entry triangles to add or confirm during pullbacks ✅ Use weak signal warnings to tighten stops or manage risk ✅ Works best in trending environments or breakout markets ⚠️ Note for Users: This script is not repainting. All signals are plotted with stable logic. Past performance does not guarantee future results — always backtest first. Script does not contain financial advice — use at your own discretion.
Pine Script® indicator
by Nisar_Mehar
2
Custom ZigZag IndicatorOverview The Custom ZigZag Indicator is a technical analysis tool built in Pine Script (version 5) for TradingView. It overlays on price charts to visualize market trends by connecting significant swing highs and lows, filtering out minor price noise. This helps identify the overall market direction (uptrends or downtrends), potential reversal points, and key support/resistance levels. Unlike standard price lines, it "zigzags" only between meaningful pivots, making trends clearer. Core Logic and How It Works The script uses a state-machine approach to track market direction and pivots: Initialization Starts assuming an upward trend on the first bar. sets initial high/low prices and bar indices based on the current bar's high/low. Direction Tracking: Upward Trend (direction = 1): Monitors for new highs: If the current high exceeds the tracked high, update the high price and bar. Checks for reversal: If the low drops below the high by the deviation percentage (e.g., high * (1 - 0.05) for 5%), it signals a downtrend reversal. Draws a green line from the last pivot (low) to the new high. If labels are enabled, adds a label: "HH" (Higher High if above previous high), "LH" (Lower High if below), or "H" (for the first one). Updates the last high and switches to downward direction. Downward Trend (direction = -1): Monitors for new lows: If the current low is below the tracked low, update the low price and bar. Checks for reversal: If the high rises above the low by the deviation percentage (e.g., low * (1 + 0.05)), it signals an uptrend reversal. Draws a red line from the last pivot (high) to the new low. If labels are enabled, adds a label: "LL" (Lower Low if below previous low), "HL" (Higher Low if above), or "L" (for the first one). Updates the last low and switches to upward direction.
Pine Script® indicator
by Az_Tinks
1
GLOBEX BOX v1.0All credit to the creator and teacher of this strategy, @RS. The "GOBEX BOX v1.0" indicator draws customizable horizontal rectangles (with optional midlines and labels) around specific opening candles in the EST timezone ("America/New_York"). It highlights: The 09:30–09:31 EST 1-minute candle high/low for Monday through Friday. The 18:00–18:05 EST 5-minute candle high/low for Sunday through Thursday. Various customizable features are in the indicator settings. Happy trading!
Pine Script® indicator
by Sherbertt
2