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Percent Change IndicatorPercent Change Indicator Description Overview: The Percent Change Indicator is a Pine Script (version 6) indicator designed for TradingView to calculate and visualize the percentage change of the current close price relative to a user-selected reference price. It provides a customizable interface to display percentage changes as candlesticks or a line plot, with optional horizontal lines and labels for key levels. The indicator also includes visual signals and alerts for user-defined percentage thresholds, making it useful for identifying significant price movements. Key Features: 1. Percentage Change Calculation: - Computes the percentage change of the current close price compared to a reference price, scaled by a user-defined length parameter. - Formula: percentChange = (close - refPrice) / refPrice * len - The reference price is sourced from a user-selected timeframe (default: 1D) and price type (Open, High, Low, Close, HL2, HLC3, or HLCC4). 2. Visualization Options: - Candlestick Plot: Displays percentage change as candlesticks, colored green for rising values and red for falling values. - Line Plot: Plots the percentage change as a line, with the same color logic. - Horizontal Lines: Optional horizontal lines at key percentage levels (0%, ±0.2%, ±0.5%, ±0.8%, ±1%) for reference. - Labels: Optional labels for percentage levels (0, ±15%, ±35%, ±50%, ±65%, ±85%, ±100%) displayed at the chart's right edge. - All visualizations are toggleable via input settings. 3. Signal and Alert System: - Threshold-Based Signals: Plots green triangles below bars for long signals (percent change above a user-defined threshold) and red triangles above bars for short signals (percent change below the threshold). - Alerts: Configurable alerts for long and short conditions, triggered when the percentage change crosses the user-defined threshold (default: 2%). Alert messages include the threshold value for clarity. 4. Customizable Inputs: - Show Labels: Toggle visibility of percentage level labels (default: true). - Show Percentage Change: Toggle the line plot of percentage change (default: true). - Show HLines: Toggle visibility of horizontal reference lines (default: false). - Show Candle Plot: Toggle the candlestick plot (default: true). - Percent Change Length: Adjust the scaling factor for percentage change (default: 14). - Plot Timeframe: Select the timeframe for the reference price (default: 1D). - Price Type: Choose the reference price type (Open, High, Low, Close, HL2, HLC3, HLCC4; default: Open). - Percentage Threshold: Set the threshold for long/short signals and alerts (default: 0.02 or 2%). How It Works: - The indicator fetches the reference price using request.security() based on the selected timeframe and price type. - It calculates the percentage change and scales it by the user-defined length. - Visuals (candlesticks, lines, labels, horizontal lines) are plotted based on user preferences. - Long and short signals are generated when the percentage change exceeds or falls below the user-defined threshold, with corresponding triangles plotted and alerts triggered. Use Cases: - Trend Identification: Monitor significant price movements relative to a reference price. - Signal Generation: Identify potential entry/exit points based on percentage change thresholds. - Custom Analysis: Analyze price changes across different timeframes and price types for various trading strategies. - Alert Notifications: Receive alerts for significant price movements to stay informed without constant chart monitoring. Setup Instructions: 1. Add the indicator to a TradingView chart. 2. Adjust input settings (timeframe, price type, threshold, etc.) to suit your analysis. 3. Enable/disable visualization options (candlesticks, lines, labels, horizontal lines) as needed. 4. Set up alerts in TradingView: - Go to the "Alerts" tab and select "Percent Change Indicator." - Choose "Long Alert" or "Short Alert" to monitor threshold crossings. - Configure alert frequency and notification method (e.g., email, webhook). Notes: - The indicator is non-overlay, displayed in a separate pane below the main chart. - Alerts trigger on bar close by default; adjust TradingView alert settings for real-time notifications if needed. - The indicator is released under the Mozilla Public License 2.0. Author: Dshergill This indicator is ideal for traders seeking a flexible tool to track percentage-based price movements with customizable visuals and alerts.
Pine Script® indicator
by Dshergill
1
☁️ Sakett Guptaa EMA Cloud Trend Bot v3☁️ Sakett Guptaa EMA Cloud Trend Bot Pure Trend Following Strategy - Ride the Clouds, Exit on Break 📈 Strategy Overview This is a clean, simple EMA cloud trend-following strategy designed for traders who want to capture major trend moves without the noise of complex indicators. The strategy uses two EMA clouds to identify trend direction and rides the entire move until the trend breaks. ☁️ How It Works Two EMA Clouds: * Fast Cloud: 5/13 EMA (short-term trend) * Medium Cloud: 34/50 EMA (medium-term trend) 📈 Long Entry Logic: 1. Price crosses above BOTH clouds 2. Both clouds are bullish (5>13, 34>50) 3. Enter long position 📉 Short Entry Logic: 1. Price crosses below BOTH clouds 2. Both clouds are bearish (5<13, 34<50) 3. Enter short position 🚪 Exit Logic: * Long Exit: Only when price breaks below the fast cloud (5/13) * Short Exit: Only when price breaks above the fast cloud (5/13) * No take profit or stop loss - pure trend following 🎯 Key Features ✅ Pure Trend Following - No early exits, ride full moves
✅ Clean Entry Signals - Only on cloud crossovers, no spam
✅ Visual Cloud Display - Easy to see trend direction
✅ Real-time Dashboard - Shows cloud status, position, and performance
✅ Automation Ready - Built for webhook alerts to brokers
✅ Risk Management - Daily trade limits and position sizing ⚙️ Settings EMA Cloud Settings: * Fast EMA 1: 5 (default) * Fast EMA 2: 13 (default) * Medium EMA 1: 34 (default) * Medium EMA 2: 50 (default) Risk Management: * Position Size: Adjustable (10 shares default for testing) * Max Trades Per Day: 3 (prevents overtrading) * Automation: Enable/disable live trading 📊 Best Timeframes * 10-minute: Recommended for this strategy * 15-minute: Also works well * 1-hour: For swing trading approach 🎪 Strategy Philosophy "If you're above the clouds, stay long until the fast cloud breaks. If you're below the clouds, stay short until the fast cloud breaks. Simple, clean, effective." ⚠️ Risk Disclaimer This strategy is designed for trend-following in trending markets. It may produce whipsaws in sideways markets. Always test with small position sizes first and never risk more than you can afford to lose. 🤖 Automation Features * Built-in webhook alerts for broker integration * JSON formatted messages for automated trading * Support for TradeStation, TradersPost, and other platforms * Real-time performance tracking 🛡️ Risk Management * Daily trade limits prevent overtrading * Clear entry and exit rules * Position sizing controls * Visual trend confirmation required
Pine Script® strategy
by Sakett_Guptaa
Custom Grid LinesThe Custom Grid Lines Indicator is a versatile tool designed for traders who want to manually define key price zones and visualize them with precision. This indicator allows users to select their own starting and ending price levels and automatically divides the range into user-defined grids using horizontal lines. 🔧 Key Features: 📍 User-Controlled Price Range: Manually set the starting (bottom) and ending (top) price levels based on your trading plan, key zones, or market structure. 📊 Flexible Grid Setup: Easily choose the number of grid lines to divide your selected range into equal price intervals. 📏 Automatic Grid Calculation: The indicator calculates grid spacing and plots horizontal lines at each level, providing a clean and structured visual guide. ✅ Simple and Effective Visualization: Ideal for grid trading, manual support/resistance plotting, or price zone tracking. ⚙️ How to Use: Input the desired starting price (bottom of your range). Input the ending price (top of your range). Select the number of grids you want between these two levels. The indicator will automatically draw all grid lines across your chart. 💡 Best For: Grid Trading Strategies Visualizing Custom Price Zones Manual Support and Resistance Mapping Session-Based Trading Ranges
Pine Script® indicator
by signaltriangle
8
Simple Pips GridOverview This is a clean, simple, and highly practical indicator that draws horizontal grid lines at user-defined pip intervals. Unlike other complex grid indicators, this script is designed to be lightweight and error-free. It eliminates automatic symbol detection and instead gives you full manual control, ensuring it works perfectly with any symbol you trade—FX, CFDs, Crypto, Stocks, Indices, and more. Key Features Universal Compatibility: Works with any trading pair by letting you manually define the pip value. Fully Customizable: Easily set the pip interval for your grid (e.g., 10 pips, 50 pips, 100 pips). Lightweight & Fast: Simple code ensures smooth performance without lagging your chart. Visual Customization: Change the color, width, and style (solid, dashed, dotted) of the grid lines. How to Use It's incredibly simple to set up. You only need to configure two main settings: Step 1: Set the "Pip Value" This is the most important setting. You need to tell the indicator what "1 pip" means for the symbol you are currently viewing. Go to the indicator settings and find the "Pip Value" input. Here are some common examples: Symbol Pip Value (Input this number) USD/JPY 0.01 EUR/USD 0.0001 GBP/USD 0.0001 XAU/USD (Gold) 0.1 JP225 (Nikkei 225) 10 US500 (S&P 500) 1 BTC/USD 0.1 or 1.0 (depending on your preference) Google スプレッドシートにエクスポート Step 2: Set the "Pip Interval" Next, in the "Pip Interval" input, simply type how many pips you want between each line. For a 10-pip grid, enter 10. For a 50-pip grid, enter 50. That's it! The grid will now be perfectly aligned to your specifications. Additional Settings Line Color, Width, Style: Customize the appearance of the lines to match your chart theme. Number of Lines: Adjust how many lines are drawn above and below the current price to optimize performance and visibility. This script was created with the assistance of Gemini (Google's AI) to be a simple and reliable tool for all traders. Feel free to use and modify it. Happy trading!
Pine Script® indicator
by knjk
Simple Pips GridOverview This is a clean, simple, and highly practical indicator that draws horizontal grid lines at user-defined pip intervals. Unlike other complex grid indicators, this script is designed to be lightweight and error-free. It eliminates automatic symbol detection and instead gives you full manual control, ensuring it works perfectly with any symbol you trade—FX, CFDs, Crypto, Stocks, Indices, and more. Key Features Universal Compatibility: Works with any trading pair by letting you manually define the pip value. Fully Customizable: Easily set the pip interval for your grid (e.g., 10 pips, 50 pips, 100 pips). Lightweight & Fast: Simple code ensures smooth performance without lagging your chart. Visual Customization: Change the color, width, and style (solid, dashed, dotted) of the grid lines. How to Use It's incredibly simple to set up. You only need to configure two main settings: Step 1: Set the "Pip Value" This is the most important setting. You need to tell the indicator what "1 pip" means for the symbol you are currently viewing. Go to the indicator settings and find the "Pip Value" input. Here are some common examples: Symbol Pip Value (Input this number) USD/JPY 0.01 EUR/USD 0.0001 GBP/USD 0.0001 XAU/USD (Gold) 0.1 JP225 (Nikkei 225) 10 US500 (S&P 500) 1 BTC/USD 0.1 or 1.0 (depending on your preference) Step 2: Set the "Pip Interval" Next, in the "Pip Interval" input, simply type how many pips you want between each line. For a 10-pip grid, enter 10. For a 50-pip grid, enter 50. That's it! The grid will now be perfectly aligned to your specifications. Additional Settings Line Color, Width, Style: Customize the appearance of the lines to match your chart theme. Number of Lines: Adjust how many lines are drawn above and below the current price to optimize performance and visibility. This script was created with the assistance of Gemini (Google's AI) to be a simple and reliable tool for all traders. Feel free to use and modify it. Happy trading!
Pine Script® indicator
by knjk
15m Breakout w/ % SL + Min HoldThis 15-minute breakout strategy identifies the prior period’s swing high and swing low over a user-defined lookback, plotting them as entry thresholds. Trades execute only within a specified session and align with the EMA trend: longs above the EMA, shorts below. Upon entry, a fixed percentage stop-loss immediately caps risk. After holding for a minimum number of bars, the strategy replaces the hard stop with an ATR-based trailing stop—triggered once the specified hold-time elapses—to lock in profits as momentum continues. By combining breakout triggers, trend filtering, hard stops, and delayed trailing exits, it provides disciplined risk management and profit capture.
Pine Script® strategy
by fheiland
TS Multi-Indicator Trend DetectorDeveloped by KP This indicator provides a visually clean and reliable trend overlay by combining multiple high-confidence technical indicators into a single floating line above price action. It’s designed for traders who want trend clarity without chart clutter. ⸻ 🔍 What It Does: • Uses EMA (21), RSI, MACD, ADX, and Directional Movement (DI) indicators to evaluate the market trend • Assigns a “Bullish” or “Bearish” score based on how many indicators confirm the trend • Plots a floating colored trend line above the price candles to avoid visual interference • 🟡 Yellow Line = Bullish Trend • 🔵 Blue Line = Bearish Trend • Built with multi-timeframe compatibility (works on 5m to weekly charts) • Minimalist, no noise — no arrows, no labels, just clarity ⸻ ⚙️ How It Works: • Trend shifts when 3 or more out of 5 conditions are met: • Price above/below 21 EMA • RSI > 50 or < 50 • MACD crossover • ADX strength confirmation • Directional movement dominance (+DI vs -DI) ⸻ 🧠 Why Use This? Unlike traditional moving averages or lagging signals, this tool filters market noise using a multi-indicator consensus approach, then visualizes it as a non-intrusive floating trend line — helping you focus only on meaningful price action. ⸻ ✅ Best For: • Swing traders, intraday trend followers, and algo developers • Clean-chart enthusiasts who value signal quality over quantity
Pine Script® indicator
by kaps1972
TS Multi-Indicator Trend DetectorDeveloped by KP This indicator provides a visually clean and reliable trend overlay by combining multiple high-confidence technical indicators into a single floating line above price action. It’s designed for traders who want trend clarity without chart clutter. ⸻ 🔍 What It Does: • Uses EMA (21), RSI, MACD, ADX, and Directional Movement (DI) indicators to evaluate the market trend • Assigns a “Bullish” or “Bearish” score based on how many indicators confirm the trend • Plots a floating colored trend line above the price candles to avoid visual interference • 🟡 Yellow Line = Bullish Trend • 🔵 Blue Line = Bearish Trend • Built with multi-timeframe compatibility (works on 5m to weekly charts) • Minimalist, no noise — no arrows, no labels, just clarity ⸻ ⚙️ How It Works: • Trend shifts when 3 or more out of 5 conditions are met: • Price above/below 21 EMA • RSI > 50 or < 50 • MACD crossover • ADX strength confirmation • Directional movement dominance (+DI vs -DI) ⸻ 🧠 Why Use This? Unlike traditional moving averages or lagging signals, this tool filters market noise using a multi-indicator consensus approach, then visualizes it as a non-intrusive floating trend line — helping you focus only on meaningful price action. ⸻ ✅ Best For: • Swing traders, intraday trend followers, and algo developers • Clean-chart enthusiasts who value signal quality over quantity
Pine Script® indicator
by kaps1972
TS Multi-Indicator Trend DetectorDeveloped by KP This indicator provides a visually clean and reliable trend overlay by combining multiple high-confidence technical indicators into a single floating line above price action. It’s designed for traders who want trend clarity without chart clutter. ⸻ 🔍 What It Does: • Uses EMA (21), RSI, MACD, ADX, and Directional Movement (DI) indicators to evaluate the market trend • Assigns a “Bullish” or “Bearish” score based on how many indicators confirm the trend • Plots a floating colored trend line above the price candles to avoid visual interference • 🟡 Yellow Line = Bullish Trend • 🔵 Blue Line = Bearish Trend • Built with multi-timeframe compatibility (works on 5m to weekly charts) • Minimalist, no noise — no arrows, no labels, just clarity ⸻ ⚙️ How It Works: • Trend shifts when 3 or more out of 5 conditions are met: • Price above/below 21 EMA • RSI > 50 or < 50 • MACD crossover • ADX strength confirmation • Directional movement dominance (+DI vs -DI) ⸻ 🧠 Why Use This? Unlike traditional moving averages or lagging signals, this tool filters market noise using a multi-indicator consensus approach, then visualizes it as a non-intrusive floating trend line — helping you focus only on meaningful price action. ⸻ ✅ Best For: • Swing traders, intraday trend followers, and algo developers • Clean-chart enthusiasts who value signal quality over quantity ⸻
Pine Script® indicator
by kaps1972
Dual TF Stochastic StrategyCore Strategy Components: Uses two Stochastic oscillators (Primary and Reference) Both use 15-second timeframe (15S) Primary Stochastic settings: K Length: 12 K Smoothing: 12 D Length: 12 Reference Stochastic settings: K Length: 12 K Smoothing: 15 D Length: 30 Entry Logic: Long Entries occur when: Primary %K crosses over %D AND either: Reference %D is ≥ 50 or < 20 OR Primary %K is close to Reference %D (within 0.15) AND price is above Moving Average (if MA filter enabled) AND during regular market hours (9:30 AM - 4:00 PM ET) Short Entries occur when: Primary %K crosses under %D AND either: Within tolerance of Reference %D OR specific crossunder conditions met AND price is below Moving Average AND during regular market hours Exit Logic: Time-based exits: At 3:30 PM ET End of regular market hours Technical exits: Long positions: When Primary %K crosses under Reference %D Short positions: When Primary %K crosses over Reference %D and Reference %D > 20 Pattern Detection: Higher Low Pattern: Current crossover %K > Previous crossover %K Bullish continuation pattern Lower High Pattern: Current crossunder %K < Previous crossunder %K Bearish continuation pattern Risk Management: Price difference filters: Maximum price difference: 0.1% Minimum price difference for shorts: 0.1% Reference %D tolerance: 0.1% Close %K tolerance: 0.7% Strengths: Multiple confirmation layers (dual timeframes, MA filter) Clear entry/exit rules Pattern recognition for trend continuation Time-based filters to avoid volatile periods Comprehensive alert system Potential Limitations: Short timeframe (15S) may generate more false signals Tight price difference filters might miss some opportunities Relies heavily on Reference %D levels No stop-loss implementation visible in the code Suggested Improvements: Add stop-loss mechanisms Implement position sizing rules Add volume confirmation Consider adding RSI or other momentum filters Add backtesting statistics tracking Best Use Cases: Day trading in liquid markets Markets with clear trends Time periods with normal volatility When price action aligns with Stochastic signals Risk Considerations: High-frequency trading due to 15S timeframe Multiple entries possible in short timeframes No explicit risk management beyond entry/exit rules Market hours limitation might miss opportunities
Pine Script® strategy
by sickleavetoday
Fibonacci Optimal Entry Zone [OTE] (Zeiierman)█ Overview Fibonacci Optimal Entry Zone (Zeiierman) is a high-precision market structure tool designed to help traders identify ideal entry zones during trending markets. Built on the principles of Smart Money Concepts (SMC) and Fibonacci retracements, this indicator highlights key areas where price is most likely to react — specifically within the "Golden Zone" (between the 50% and 61.8% retracement). It tracks structural pivot shifts (CHoCH) and dynamically adjusts Fibonacci levels based on real-time swing tracking. Whether you're trading breakouts, pullbacks, or optimal entries, this tool brings unparalleled clarity to structure-based strategies. Ideal for traders who rely on confluence, this indicator visually synchronizes swing highs/lows, market structure shifts, Fibonacci retracement levels, and trend alignment — all without clutter or lag. ⚪ The Structural Assumption Price moves in waves, but key retracements often lead to continuation or reversal — especially when aligned with structure breaks and trend shifts. The Optimal Entry Zone captures this behavior by anchoring Fibonacci levels between recent swing extremes. The most powerful area — the Golden Zone — marks where institutional re-entry is likely, providing traders with a sniper-like roadmap to structure-based entries. █ How It Works ⚪ Structure Tracking Engine At its core, the indicator detects pivots and classifies trend direction: Structure Period – Determines the depth of pivots used to detect swing highs/lows. CHoCH – Break of structure logic identifies where the trend shifts or continues, marked visually on the chart. Bullish & Bearish Modes – Independently toggle uptrend and downtrend detection and styling. ⚪ Fibonacci Engine Upon each confirmed structural shift, Fibonacci retracement levels are projected between swing extremes: Custom Levels – Choose which retracements (0.50, 0.618, etc.) are shown. Real-Time Adjustments – When "Swing Tracker" is enabled, levels and labels update dynamically as price forms new swings. Example: If you disable the Swing Tracker, the Golden Level is calculated using the most recent confirmed swing high and low. If you enable the Swing Tracker, the Golden Level is calculated from the latest swing high or low, making it more adaptive as the trend evolves in real time. █ How to Use ⚪ Structure-Based Entry Wait for CHoCH events and use the resulting Fibonacci projection to identify entry points. Enter trades as price taps into the Golden Zone, especially when confluence forms with swing structure or order blocks. ⚪ Real-Time Reaction Tracking Enable Swing Tracker to keep the tool live — constantly updating zones as price shifts. This is especially useful for scalpers or intraday traders who rely on fresh swing zones. █ Settings Structure Period – Number of bars used to define swing pivots. Larger values = stronger structure. Swing Tracker – Auto-updates fib levels as new highs/lows form. Show Previous Levels – Keep older fib zones on chart or reset with each structure shift. ----------------- Disclaimer The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Pine Script® indicator
by Zeiierman
13
Zigzag Simple [SCL]🟩  OVERVIEW Draws zigzag lines from pivot Highs to pivot Lows. You can choose between three different ways of calculating pivots:  • True Highs and Lows  • Williams pivots  • Oscillator pivots 🟩  HOW TO USE This indicator can be used to understand market structure, which is arguably the primary thing you need to be aware of when trading. The zigzag by itself does not display a market structure bias, nor any information about prices of pivots, HH and HL labels, or anything like that. Nevertheless, a simple zigzag is perhaps the easiest and most intuitive way to understand what price is doing. Choose a pivot style that you like, customise the colours and line style, and enjoy! 🟩  PIVOT TYPES EXPLAINED True Highs and Lows This is not an invention of mine (all credit to my humble mentor), but I haven't seen anyone else code them up. A true High is a close below the low of the candle with the highest high. A true Low is a close above the high of a candle with the lowest low. These are solid, price action-based pivots that can sometimes confirm quickly. Williams pivots This is how most people calculate pivots. They're simply the highest high for x bars back and x bars forwards. They're the vanilla of pivots IMO: serviceable but not very interesting. They're very convenient to code because there are built-in Pine functions for them: ta.pivothigh and ta.pivotlow . They confirm a predictable number of bars after they happen, which is great for coding but also makes the trader wait for confirmation. Oscillator pivots This is a completely different concept, which uses momentum in order to define pivots. For example, when you get a rise in momentum and momentum then drops a configurable amount, it confirms a pivot high, and vice versa for a pivot low. I don't know if anyone else does it –- although some indicators do mark pivots in momentum itself, and plenty do divergences, I wasn't able to find one that specifically marked *pivots in price* because of pivots in momentum 🤷‍♂️ Anyway, while this approach needs a whole investigation on its own, here we simply plot some pivots in a smoothed RSI. This indicator doesn't plot the actual momentum values -- for a more visual understanding of how this works, refer to the examples in the OscillatorPivots library. 🟩  UNIQUE ADVANTAGES In contrast to other zigzag indicators available, this one lets you choose between the standard and some more unique methods of generating the zigzags. Additionally, because it's based on libraries, it is relatively easy for programmers to use as a basis for experimentation. 🟩  GEEK STUFF Although there is considerable practical use for pivot-based zigzags in trading, this script is primarily a demonstration in coding -- specifically the power of libraries! Most of the script consists of setup, especially defining inputs. The final section sacrifices some readability for conciseness, simply to emphasise how little code you need when the heavy lifting is done by libraries . The actual calculations and drawing are achieved in just 8 lines. The equivalent code in the libraries is ~250 lines long. All libraries used are my own, public and open-source:  • MarketStructure  • DrawZigZag  • OscillatorPivots
Pine Script® indicator
by SimpleCryptoLife
3
Real-Time Spring DetectorThis is a Pine Script for Trading View that creates a "Real-Time Spring Detector" indicator. This Pine Script is essentially a sophisticated pattern recognition tool that helps identify "spring" setups - a popular trading pattern where price briefly breaks below support but then bounces back strongly, often indicating that sellers are exhausted and buyers are ready to step in.What is a "Spring" in Trading? A spring is a technical analysis pattern that occurs when: Price breaks below a support level (like breaking below a floor) But then quickly bounces back up (like a spring rebounds) This often signals that sellers are weak and buyers are stepping in Think of it like testing the strength of a trampoline - you push down, but it springs back up stronger. What This Script Does This Pine Script automatically detects spring patterns on your chart and alerts you when they happen. Here's how it works: Main Components 1. Input Parameters (Settings You Can Adjust) Lookback Period (10): How many bars back to look for patterns Min Support Touches (2): How many times price must touch the support level Min Penetration % (0.1%): How far below support price must break Min Rejection % (30%): How much price must bounce back up Alert Settings: Choose when to get notifications 2. Support Level Detection The script finds "support levels" - price levels where buyers have stepped in before: It looks at recent low points Identifies areas where price has bounced multiple times Uses a small tolerance (0.5%) to account for minor price differences 3. Spring Detection Logic The script identifies three types of springs: Real-Time Spring (happening right now): Price breaks below support by the minimum amount Price bounces back strongly (rejection %) Current candle closes higher than it opened (bullish) Volume is reasonable Confirmed Spring (already completed): Same as real-time, but the candle has finished forming Potential Spring (early warning): Price is near support but hasn't fully formed the pattern yet 4. Visual Elements Markers on Chart: 🟢 Green Triangle: Confirmed spring (reliable signal) 🟡 Yellow Triangle: Spring forming right now (live signal) 🟠 Orange Circle: Potential spring (early warning) Labels: Show "SPRING" with the rejection percentage "FORMING" for developing patterns "?" for potential springs Support Line: Red dotted line showing the support level Background Colors: Light red when price penetrates support Light yellow for potential springs 5. Information Box A table in the top-left corner shows: Current support level price Whether penetration is happening Rejection percentage Current pattern status Live price 6. Alert System Two types of alerts: Real-time alerts: Notify when spring is forming (current bar) Confirmed alerts: Notify when spring is complete (bar closed) Alert cooldown: Prevents spam by waiting 5 bars between alerts How to Use This Script 1. Installation Copy the script code Open TradingView Go to Pine Editor Paste the code Click "Add to Chart" 2. Settings Adjust the input parameters based on your trading style: Lower lookback = more sensitive, faster signals Higher support touches = more reliable but fewer signals Lower penetration % = catches smaller springs Higher rejection % = only strong bounces 3. Interpretation Green triangles: High-confidence buy signals Yellow triangles: Watch closely, pattern developing Orange circles: Early warning, not tradeable yet 4. Best Practices Use on higher timeframes (15min+) for more reliable signals Combine with other indicators for confirmation Pay attention to volume - higher volume springs are more reliable Wait for confirmed signals if you're a conservative trader Key Features for Small Timeframes The script includes special detection for shorter timeframes: Quick bounce detection: Identifies rapid reversals Hammer pattern recognition: Spots candlestick patterns Relaxed volume requirements: Works when volume data is limited Advanced Features Volume Analysis Compares current volume to 10-bar average Requires at least 80% of average volume (flexible for small timeframes) Pattern Enhancement Looks for hammer-like candles (long lower wick, small upper wick) Identifies quick bounces where the upper wick is small Multiple Confirmation Combines multiple criteria to reduce false signals Stronger springs get priority for alerts Common Use Cases Entry Signals: Buy when confirmed springs appear Support Level Identification: Visual support lines help identify key levels Risk Management: Failed springs (continued breakdown) can be stop-loss triggers Market Structure: Understanding where buyers are defending price levels Limitations Works best in trending or ranging markets May produce false signals in very choppy conditions small timeframe signals can be noisy should be combined with other analysis methods.The key advantage is that it can catch these patterns as they happen, rather than you having to constantly watch charts. This is especially valuable for active traders who want to capitalize on quick reversals at support levels.
Pine Script® indicator
by kingshukghosh71
ALEX - ATR Extensions + ADR + TableALEX - ATR Extensions + ADR + Table Overview The ALEX ATR Extensions indicator is a comprehensive volatility and momentum analysis tool that combines Average True Range (ATR), Average Daily Range (ADR), and moving average distance calculations in a single, customizable display. This indicator helps traders assess current price action relative to historical volatility and key moving averages, providing crucial context for risk management and trade planning. Key Features Multi-Metric Analysis - ATR Percentage: Current ATR as a percentage of price for volatility assessment - ADR Percentage: Average Daily Range as a percentage for typical daily movement - Low of Day Distance: Distance from current price to daily low - Moving Average Distance: ATR-normalized distance from 21 and 50 period moving averages Flexible Moving Average Options - Configurable MA Types: Choose between EMA or SMA for both 21 and 50 period averages - Customizable Periods: Adjust moving average lengths to suit your trading style - Daily Timeframe Data: Uses daily moving averages regardless of chart timeframe ATR Extension Levels - Dynamic Price Targets: Calculate extension levels based on ATR multiples from moving averages - Visual Reference Lines: Optional overlay lines showing ATR extension targets - Customizable Multipliers: Adjust ATR multipliers for different risk/reward scenarios Smart Visual Alerts - Color-Coded Distance Metrics: Automatic color changes based on distance thresholds - Symbol Plotting: Customizable chart symbols when distance thresholds are exceeded - Threshold-Based Alerts: Visual cues when price reaches significant ATR distances Comprehensive Data Table - Real-Time Metrics: Live updating table with all key measurements - Customizable Display: Toggle individual metrics on/off based on preference - Professional Styling: Adjustable colors, fonts, and transparency How to Use Volatility Assessment - High ATR%: Indicates elevated volatility, larger position sizing considerations - Low ATR%: Suggests compressed volatility, potential for expansion - ADR% Comparison: Compare current day's range to historical average Moving Average Analysis - ATR Distance 21/50: Normalized distance showing how extended price is from key levels - Positive Values: Price above moving average (bullish positioning) - Negative Values: Price below moving average (bearish positioning) - Color Changes: Automatic alerts when reaching threshold levels Extension Target Planning - ATR Extension Lines: Visual price targets based on volatility-adjusted projections - Risk/Reward Planning: Use extension levels for profit target placement - Breakout Confirmation: Extension levels can confirm breakout validity Symbol Alert System - Chart Symbols: Automatic plotting when distance thresholds are breached - Customizable Triggers: Set your own threshold levels for alerts - Visual Scanning: Quick identification of extended conditions across multiple charts Settings Display Controls - Show ADR%: Toggle average daily range percentage display - Show ATR%: Toggle average true range percentage display - Show LoD Distance: Toggle low of day distance calculation - Show LoD Price: Toggle actual low of day price display - Show ATR Distance from 21/50 DMA: Toggle moving average distance metrics - Show 21/50 DMA Price: Toggle actual moving average price display - Show ATR Extension Levels: Toggle extension target display in table Moving Average Configuration - 21/50 DMA Type: Choose between EMA or SMA calculation methods - 21/50 DMA Period: Customize moving average lengths - ADR/ATR Length: Adjust calculation periods for range measurements Color Thresholds - Threshold Levels: Set distance levels for color changes (default 2.0 and 5.0) - Custom Colors: Choose colors for different threshold breaches - Separate 21/50 Settings: Independent color schemes for each moving average Symbol Settings - Show Char Symbol: Toggle symbol plotting for each moving average - Custom Symbols: Choose any character for chart plotting - Symbol Colors: Customize colors for visual distinction - Threshold Levels: Set trigger points for symbol appearance ATR Extension Lines - Show Extension Lines: Toggle visual extension level lines - ATR Multipliers: Customize extension distance (default 2.0x) - Line Colors: Choose colors for extension level visualization Table Customization - Background Color: Adjust table transparency and color - Text Color: Customize default text appearance - Font Size: Choose from tiny to huge font options Advanced Applications Trend Strength Analysis - Large ATR distances suggest strong trending moves - Small ATR distances indicate potential consolidation or reversal zones - Compare current readings to recent historical ranges Risk Management - Use ATR% for position sizing calculations - Extension levels provide natural profit target zones - Distance metrics help identify overextended conditions Multi-Timeframe Context - Apply to different timeframes for comprehensive analysis - Daily data provides consistency across all chart intervals - Combine with weekly/monthly analysis for broader context Market Regime Identification - High volatility periods: Increased ATR% readings - Low volatility periods: Compressed ATR% readings - Trending markets: Sustained high distance readings - Consolidating markets: Low distance readings with frequent color changes Best Practices Volatility-Adjusted Trading - Increase position sizes during low volatility periods - Reduce position sizes during high volatility periods - Use ATR% for stop-loss placement relative to normal market movement Extension Level Usage - Primary targets: 1.5-2.0x ATR extensions - Secondary targets: 2.5-3.0x ATR extensions - Avoid chasing prices beyond 3x ATR extensions Threshold Optimization - Backtest different threshold levels for your trading style - Consider market conditions when setting alert levels - Adjust thresholds based on instrument volatility characteristics Integration Strategies - Combine with momentum indicators for confirmation - Use alongside support/resistance levels - Incorporate into systematic trading approaches Technical Specifications - Compatible with Pine Script v6 - Uses daily timeframe data for consistency - Optimized for real-time performance - Works on all chart types and timeframes - Supports all tradeable instruments Ideal For - Swing traders using daily charts - Position traders seeking volatility context - Day traders needing intraday reference levels - Risk managers requiring volatility metrics - Systematic traders building rule-based strategies Disclaimer This indicator is for educational and informational purposes only. It should not be used as the sole basis for trading decisions. Always combine with other forms of analysis, proper risk management techniques, and consider your individual trading plan and risk tolerance. Past performance does not guarantee future results. Compatible with Pine Script v6 | Optimized for daily timeframe analysis | Works across all markets and instruments
Pine Script® indicator
by Alex_PrimeTrading
Wavelet Filter with Adaptive Upsampling [BackQuant]Wavelet Filter with Adaptive Upsampling The Wavelet Filter with Adaptive Upsampling is an advanced filtering and signal reconstruction tool designed to enhance the analysis of financial time series data. It combines wavelet transforms with adaptive upsampling techniques to filter and reconstruct price data, making it ideal for capturing subtle market movements and enhancing trend detection. This system uses high-pass and low-pass filters to decompose the price series into different frequency components, applying adaptive thresholding to eliminate noise and preserve relevant signal information. Shout out to Loxx for the Least Squares fitting of trigonometric series and Quinn and Fernandes algorithm for finding frequency www.tradingview.com Key Features 1. Frequency Decomposition with High-Pass and Low-Pass Filters: The indicator decomposes the input time series using high-pass and low-pass filters to separate the high-frequency (detail) and low-frequency (trend) components of the data. This decomposition allows for a more accurate analysis of underlying trends, while mitigating the impact of noise. 2. Soft Thresholding for Noise Reduction: A soft thresholding function is applied to the high-frequency component, allowing for the reduction of noise while retaining significant market signals. This function adjusts the coefficients of the high-frequency data, removing small fluctuations and leaving only the essential price movements. 3. Adaptive Upsampling Process: The upsampling process in this script can be customized using different methods: sinusoidal upsampling, advanced upsampling, and simple upsampling. Each method serves a unique purpose: Sinusoidal Upsample uses a sine wave to interpolate between data points, providing a smooth transition. Advanced Upsample utilizes a Quinn-Fernandes algorithm to estimate frequency and apply more sophisticated interpolation techniques, adapting to the market’s cyclical behavior. Simple Upsample linearly interpolates between data points, providing a basic upsampling technique for less complex analysis. 4. Reconstruction of Filtered Signal: The indicator reconstructs the filtered signal by summing the high and low-frequency components after upsampling. This allows for a detailed yet smooth representation of the original time series, which can be used for analyzing underlying trends in the market. 5. Visualization of Reconstructed Data: The reconstructed series is plotted, showing how the upsampling and filtering process enhances the clarity of the price movements. Additionally, the script provides the option to visualize the log returns of the reconstructed series as a histogram, with positive returns shown in green and negative returns in red. 6. Cumulative Series and Trend Detection: A cumulative series is plotted to visualize the compounded effect of the filtered and reconstructed data. This feature helps traders track the overall performance of the asset over time, identifying whether the asset is following a sustained upward or downward trend. 7. Adaptive Thresholding and Noise Estimation: The system estimates the noise level in the high-frequency component and applies an adaptive thresholding process based on the standard deviation of the downsampled data. This ensures that only significant price movements are retained, further refining the trend analysis. 8. Customizable Parameters for Flexibility: Users can customize the following parameters to adjust the behavior of the indicator: Frequency and Phase Shift: Control the periodicity of the wavelet transformation and the phase of the upsampling function. Upsample Factor: Adjust the level of interpolation applied during the upsampling process. Smoothing Period: Determine the length of time used to smooth the signal, helping to filter out short-term fluctuations. References Enhancing Cross-Sectional Currency Strategies with Context-Aware Learning to Rank arxiv.org Daubechies Wavelet - Wikipedia en.wikipedia.org Quinn Fernandes Fourier Transform of Filtered Price by Loxx Note on Usage for Mean-Reversion Strategy This indicator is primarily designed for trend-following strategies. However, by taking the inverse of the signals, it can be adapted for mean-reversion strategies. This involves buying underperforming assets and selling outperforming ones. Caution: This method may not work effectively with highly correlated assets, as the price movements between correlated assets tend to mirror each other, limiting the effectiveness of mean-reversion strategies. Final Thoughts The Wavelet Filter with Adaptive Upsampling is a powerful tool for traders seeking to improve their understanding of market trends and noise. By using advanced wavelet decomposition and adaptive upsampling, this system offers a clearer, more refined picture of price movements, enhancing trend-following strategies. It’s particularly useful for detecting subtle shifts in market momentum and reconstructing price data in a way that removes noise, providing more accurate insights into market conditions.
Pine Script® indicator
by BackQuant
NY ORB + Fakeout Detector🗽 NY ORB + Fakeout Detector This indicator automatically plots the New York Opening Range (ORB) based on the first 15 minutes of the NY session (15:30–15:45 CEST / 13:30–13:45 UTC) and detects potential fakeouts (false breakouts). 🔍 Key Features: ✅ Plots ORB high and low based on the 15-minute NY open range ✅ Automatically detects fake breakouts (price wicks beyond the box but closes back inside) ✅ Visual markers:   🔺 "Fake ↑" if a fake breakout occurs above the range   🔻 "Fake ↓" if a fake breakout occurs below the range ✅ Gray background highlights the ORB session window ✅ Designed for scalping and short-term breakout strategies 🧠 Best For: Intraday traders looking for NY volatility setups Scalpers using ORB-based entries Traders seeking early-session fakeout traps to avoid false signals Those combining with EMA 12/21, volume, or other confluence tools
Pine Script® indicator
by STEFANGAS
Price equilibrium between buyers and sellers [Soroush Rezaei]This indicator visualizes the dynamic balance between buyers and sellers using two simple moving averages (SMAs) based on the high and low prices. The green line (SMA of highs) reflects the upper pressure zone, while the red line (SMA of lows) represents the lower support zone. When price hovers between these two levels, it often signals a state of temporary equilibrium — a consolidation zone where buyers and sellers are relatively balanced. Use this tool to: Identify ranging or balanced market phases Spot potential breakout or reversal zones Enhance your multi-timeframe or price action strategy Recommended for intraday and swing traders seeking visual clarity on market structure and momentum zones.
Pine Script® indicator
by dfpksk
3
AMD Setup - Full (Long + Short) ICT ModelICTSNIPERKILLS! Accumulation, Manipulation, Distribution (AMD) Script! 1. Clarifies Structure: Accumulation, Manipulation, Distribution (AMD) The script visualizes the AMD framework: Accumulation → Price ranges inside Initial Balance (IB). Manipulation → Liquidity sweep above IB High or below IB Low. Distribution → Market Structure Shift (MSS) confirms a directional move. This gives you a narrative structure for each session, helping you avoid random trades. 🧠 2. Filters Out Noise with MSS Confirmation It waits for: A liquidity sweep (manipulation), Followed by a market structure shift (MSS), And then confirms an entry only after a candle closes beyond structure. This structure: Reduces false signals, Improves trade timing, Helps you align with smart money delivery. 🕘 3. Focuses on the Right Time Window (Initial Balance) You only engage after the 10:30 AM EST close, once the Initial Balance is formed.This aligns with ICT's focus on: Killzones (like 9:30–11:00), Avoiding early overtrading, Letting the market tip its hand first (through sweeps + MSS). This timing logic supports discipline and consistency. 🟢🔴 4. Marks Entries with Risk/Reward Guidance It plots: AMD SHORT / LONG entries after MSS + candle confirmation, Basic TP and SL visual markers using a static risk-reward (2:1), Optional Fair Value Gaps (FVGs) for refinement zones. While static, these help plan trades visually and frame targets quickly, especially if you're scalping or trading micro futures like MNQ. 📈 5. Alerts You in Real Time Instead of manually watching: You'll get alerts when sweeps or MSS setups appear. You can stay focused during the killzone or walk away and return when signals trigger. This supports patience and alert-based discipline. 💡 You already: Use 15M/1M execution, Wait for ERL or HOD/LOD sweeps, Look for MSS + CISD, Trade in killzones only, Target 50–62–70% Fibs with SMT/FVG confluence. This script:✅ Automates sweep + MSS detection✅ Plots AMD-based entries visually✅ Simplifies your killzone execution✅ Helps avoid FOMO by filtering setups✅ Keeps your journal entries clean with structure
Pine Script® indicator
by ictsniperkills
2
ZigZag ProZigZag Pro is a precise market structure indicator that automatically detects two independent ZigZag patterns and highlights breakouts whenever significant highs or lows are breached. The indicator calculates two separate ZigZag structures in real time. ZigZag1 captures the broader market swings and is ideal for trend or swing trading. ZigZag2 is optional and reacts more quickly – perfect for intraday or scalping setups. Both layers are fully customizable in terms of depth, color, and line width. What makes this tool especially useful: whenever a previous swing high (for long trades) or swing low (for short trades) is broken, the indicator draws a horizontal breakout line on the chart. This makes it easy to spot structural breakouts and take advantage of potential momentum moves. ZigZag Pro is designed for traders who rely on clean, rule-based market structure — whether you're trading classic breakouts, smart money concepts, or simply want a clearer view of trend shifts. The visuals are minimal, responsive, and suitable for any timeframe.
Pine Script® indicator
by Jonny86FXPro
Trailing Stop Loss [TradingFinder] 4 Machine Learning Methods🔵 Introduction The trailing stop indicator dynamically adjusts stop-loss (SL) levels to lock in profits as price moves favorably. It uses pivot levels and ATR to set optimal SL points, balancing risk and reward. Trade confirmation filters, a key feature, ensure entries align with market conditions, reducing false signals. In 2023 a study showed filtered entries improve win rates by 15% in forex. This enhances trade precision. SL settings, ranging from very tight to very wide, adapt to volatility via ATR calculations. These settings anchor SL to previous pivot levels, ensuring alignment with market structure. This caters to diverse trading styles, from scalping to swing trading. The indicator colors the profit zone between the entry point (EP) and SL, using light green for buy trades and light red for sell trades. This visual cue highlights profit potential. It’s ideal for traders seeking dynamic risk management. A table displays real-time trade details, including EP, SL, and profit/loss (PNL). Backtests show trailing stops cut losses by 20% in trending markets. This transparency aids decision-making. 🔵 How to Use 🟣 SL Levels The trailing stop indicator sets SL based on pivot levels and ATR, offering four options: very tight, tight, wide, or very wide. Very tight SLs suit scalpers, while wide SLs fit swing traders. Select the base level to match your strategy. If price hits the SL, the trade closes, and the indicator evaluates the next trade using the selected filter. This ensures disciplined trade management. The cycle restarts with a new confirmed entry. Very tight SLs, set near recent pivots, trigger exits early to minimize risk but limit profits in volatile markets. Wide SLs, shown as farther lines, allow more price movement but increase exposure to losses. Adjust based on ATR and conditions, noting SL breaches open new positions. 🟣 Visualization The indicator’s visual cues, like colored profit zones, simplify monitoring, with light green showing the profit area from EP to trailed SL. Dashed lines mark entry points, while solid lines track the trailed SL, triggering new positions when breached. When price moves into profit, the area between EP and SL is colored—light green for longs, light red for shorts. This highlights the profit zone visually. The SL trails price, locking in gains as the trade progresses. 🟣 Filters Upon trade entry, the indicator requires confirmation via filters like SMA 2x or ADX to validate momentum. Filters reduce false entries, though no guarantee exists for improved outcomes. Monitor price action post-entry for trade validity. Filters like Momentum or ADX assess trend strength before entry. For example, ADX above 25 confirms strong trends. Choose “none” for unfiltered entries. 🟣 Bullish Alert For a bullish trade, the indicator opens a long position with a green SL Line (after optional filters), trailing the SL below price. Set alerts to On in the settings for notifications, or Off to monitor manually. 🟣 Bearish Alert In a bearish trade, the indicator opens a short position with a red SL Line post-confirmation, trailing the SL above price. With alerts On in the settings, it notifies the potential reversal. 🟣 Panel A table displays all trades’ details, including Win Rates, PNL, and trade status. This real-time data aids in tracking performance. Check the table to assess trade outcomes instantly. Review the table regularly to evaluate trade performance and adjust settings. Consistent monitoring ensures alignment with market dynamics. This maximizes the indicator’s effectiveness. 🔵 Settings Length (Default: 10) : Sets the pivot period for calculating SL levels, balancing sensitivity and reliability. Base Level : Options (“Very tight,” “Tight,” “Wide,” “Very wide”) adjust SL distance via ATR. Show EP Checkbox : Toggles visibility of the entry point on the chart. Show PNL : Displays profit/loss data for active and closed trades. Filter : Options (“none,” “SMA 2x,” “Momentum,” “ADX”) validate trade entries. 🔵 Conclusion The trailing stop indicator, a dynamic risk management tool, adjusts SLs using pivot levels and ATR. Its confirmation filters reduce false entries, boosting precision. Backtests show 20% loss reduction in trending markets. Customizable SL settings and visual profit zones enhance usability across trading styles. The real-time table provides clear trade insights, streamlining analysis. It’s ideal for forex, stocks, or crypto. While filters like ADX improve entry accuracy, no setup guarantees success in all conditions. Contextual analysis, like trend strength, is key. This indicator empowers disciplined, data-driven trading.
Pine Script® indicator
by TFlab
12
FVG (Nephew sam remake)Hello i am making my own FVG script inspired by Nephew Sam as his fvg code is not open source. My goal is to replicate his Script and then add in alerts and more functions. Thus, i spent few days trying to code. There is bugs such as lower time frame not showing higher time frame FVG. This script automatically detects and visualizes Fair Value Gaps (FVGs) — imbalances between demand and supply — across multiple timeframes (15-minute, 1-hour, and 4-hour). 15m chart shows: 15m FVGs (green/red boxes) 1H FVGs (lime/maroon) 4H FVGs (faded green/red with borders) (Bugged For now i only see 1H appearing) 1H chart shows: 1H FVGs 4H FVGs 4H chart shows: 4H FVGs only There is the function to auto close FVG when a future candle fully disrespected it. You're welcome to: 🔧 Customize the appearance: adjust box colors, transparency, border style 🧪 Add alerts: e.g., when price enters or fills a gap 📅 Expand to Daily/Weekly: just copy the logic and plug in "D" or "W" as new layers 📈 Build confluence logic: combine this with order blocks, liquidity zones, or ICT concepts 🧠 Experiment with entry signals: e.g., candle confirmation on return to FVG 🚀 Improve performance: if you find a lighter way to track gaps, feel free to optimize!
Pine Script® indicator
by ATKH
1