OPEN-SOURCE SCRIPT
PORSCHE 2.0
PORSCHE Trading Indicator - Complete Technical Analysis Suite
Overview
The PORSCHE indicator is a comprehensive multi-strategy trading tool that combines multiple technical analysis approaches into a single, powerful indicator. It provides traders with a complete market analysis framework including trend identification, support/resistance levels, volume analysis, and session-based trading insights.
Core Components
1. Trend Analysis System
Multiple EMA Clouds
EMA 75 with dynamic cloud based on standard deviation
EMA 150 with adaptive cloud boundaries
EMA 50 cloud for short-term trend direction
Dual Hull Moving Average Bands
Hull Band 1 (55-period) for medium-term trends
Hull Band 2 (100-period) for long-term trends
Color-coded trend direction (Green=Up, Red=Down)
Multiple Hull variations available (HMA, EHMA, THMA)
2. Support & Resistance Detection
Advanced Swing High/Low System
Customizable swing strength (1-5 bars)
Real-time swing level detection
Option to remove swept liquidity levels
Visual distinction between current and past swing levels
Alert conditions for breakouts
3. Multi-Timeframe Market Structure
Daily High/Low Levels
Yesterday's high and low plotted as steplines
Visual labels for easy reference
Weekly High/Low Levels
Previous week's key levels
Session-based plotting for relevant timeframes
4. Volume-Based Trading Signals
Vector Candle Zones (VCZ)
Volume-based candle coloring system
Four vector types based on volume spikes:
Red Vector: High volume bearish candles
Green Vector: High volume bullish candles
Violet Vector: Medium volume bearish candles
Blue Vector: Medium volume bullish candles
Dynamic zone creation based on vector candles
Customizable zone transparency and colors
5. Dual Trading Bot Systems
UT Bot Alerts
ATR-based trailing stop system
Buy/Sell signals with label indicators
Heikin Ashi option for smoother signals
Customizable sensitivity settings
Classic UT Bot
Alternative ATR trailing stop implementation
Color-coded bar system (Green=Bullish, Red=Bearish)
Separate alert conditions for flexibility
6. Global Session Tracking
Comprehensive Session Detection
Asian Session (23:00-06:00 UTC)
Sydney Session (23:00-05:00 UTC)
Tokyo Session (00:00-06:00 UTC)
European Session (07:00-16:30 UTC)
London Session (08:00-16:30 UTC)
New York Session (13:00-22:00 UTC)
NYSE Session (14:30-22:00 UTC)
Session Features
Real-time session status table
High/Low detection within each session
Visual boxes and labels for session ranges
Color-coded session identification
Key Features
Visual Customization
Fully customizable colors for all components
Adjustable line thickness and styles
Transparency controls for clouds and zones
Flexible label positioning and styling
Alert System
Swing level breakouts
UT Bot buy/sell signals
Multiple alert conditions for different strategies
Customizable alert messages
Multi-Timeframe Compatibility
Higher timeframe Hull MA options
Automatic adaptation to chart timeframe
Session-based filtering for relevant levels
Performance Optimization
Configurable maximum objects (boxes, lines, labels)
Efficient memory management
Real-time calculation updates
Trading Applications
Trend Following
Use EMA clouds and Hull bands for trend direction
Trade in direction of multiple timeframe alignment
Utilize cloud boundaries as dynamic support/resistance
Breakout Trading
Monitor swing level breaks for momentum entries
Use volume vectors to confirm breakout validity
Combine with session highs/lows for key level breaks
Mean Reversion
Trade bounces from EMA clouds and Hull bands
Use swing levels as reversal zones
Session-based range trading opportunities
Volume Analysis
Identify institutional activity through vector candles
Use volume zones for confluence with price levels
Gauge market sentiment through candle coloring
Input Parameters
The indicator offers extensive customization through input parameters grouped by functionality:
EMA and cloud settings
Hull MA configurations
Swing detection parameters
Volume vector thresholds
Session time configurations
Visual styling options
Compatibility
Platform: TradingView
Version: Pine Script v5
Timeframes: All (optimized for 1H and above)
Markets: Forex, Stocks, Crypto, Futures
Unique Value Proposition
The PORSCHE indicator stands out by integrating multiple proven trading methodologies into a cohesive system, eliminating the need for multiple separate indicators and providing traders with a unified market analysis tool that covers trend, momentum, volume, and session-based analysis simultaneously.
This comprehensive approach allows traders to make informed decisions with multiple confluences, reducing false signals and improving overall trading performance.
Overview
The PORSCHE indicator is a comprehensive multi-strategy trading tool that combines multiple technical analysis approaches into a single, powerful indicator. It provides traders with a complete market analysis framework including trend identification, support/resistance levels, volume analysis, and session-based trading insights.
Core Components
1. Trend Analysis System
Multiple EMA Clouds
EMA 75 with dynamic cloud based on standard deviation
EMA 150 with adaptive cloud boundaries
EMA 50 cloud for short-term trend direction
Dual Hull Moving Average Bands
Hull Band 1 (55-period) for medium-term trends
Hull Band 2 (100-period) for long-term trends
Color-coded trend direction (Green=Up, Red=Down)
Multiple Hull variations available (HMA, EHMA, THMA)
2. Support & Resistance Detection
Advanced Swing High/Low System
Customizable swing strength (1-5 bars)
Real-time swing level detection
Option to remove swept liquidity levels
Visual distinction between current and past swing levels
Alert conditions for breakouts
3. Multi-Timeframe Market Structure
Daily High/Low Levels
Yesterday's high and low plotted as steplines
Visual labels for easy reference
Weekly High/Low Levels
Previous week's key levels
Session-based plotting for relevant timeframes
4. Volume-Based Trading Signals
Vector Candle Zones (VCZ)
Volume-based candle coloring system
Four vector types based on volume spikes:
Red Vector: High volume bearish candles
Green Vector: High volume bullish candles
Violet Vector: Medium volume bearish candles
Blue Vector: Medium volume bullish candles
Dynamic zone creation based on vector candles
Customizable zone transparency and colors
5. Dual Trading Bot Systems
UT Bot Alerts
ATR-based trailing stop system
Buy/Sell signals with label indicators
Heikin Ashi option for smoother signals
Customizable sensitivity settings
Classic UT Bot
Alternative ATR trailing stop implementation
Color-coded bar system (Green=Bullish, Red=Bearish)
Separate alert conditions for flexibility
6. Global Session Tracking
Comprehensive Session Detection
Asian Session (23:00-06:00 UTC)
Sydney Session (23:00-05:00 UTC)
Tokyo Session (00:00-06:00 UTC)
European Session (07:00-16:30 UTC)
London Session (08:00-16:30 UTC)
New York Session (13:00-22:00 UTC)
NYSE Session (14:30-22:00 UTC)
Session Features
Real-time session status table
High/Low detection within each session
Visual boxes and labels for session ranges
Color-coded session identification
Key Features
Visual Customization
Fully customizable colors for all components
Adjustable line thickness and styles
Transparency controls for clouds and zones
Flexible label positioning and styling
Alert System
Swing level breakouts
UT Bot buy/sell signals
Multiple alert conditions for different strategies
Customizable alert messages
Multi-Timeframe Compatibility
Higher timeframe Hull MA options
Automatic adaptation to chart timeframe
Session-based filtering for relevant levels
Performance Optimization
Configurable maximum objects (boxes, lines, labels)
Efficient memory management
Real-time calculation updates
Trading Applications
Trend Following
Use EMA clouds and Hull bands for trend direction
Trade in direction of multiple timeframe alignment
Utilize cloud boundaries as dynamic support/resistance
Breakout Trading
Monitor swing level breaks for momentum entries
Use volume vectors to confirm breakout validity
Combine with session highs/lows for key level breaks
Mean Reversion
Trade bounces from EMA clouds and Hull bands
Use swing levels as reversal zones
Session-based range trading opportunities
Volume Analysis
Identify institutional activity through vector candles
Use volume zones for confluence with price levels
Gauge market sentiment through candle coloring
Input Parameters
The indicator offers extensive customization through input parameters grouped by functionality:
EMA and cloud settings
Hull MA configurations
Swing detection parameters
Volume vector thresholds
Session time configurations
Visual styling options
Compatibility
Platform: TradingView
Version: Pine Script v5
Timeframes: All (optimized for 1H and above)
Markets: Forex, Stocks, Crypto, Futures
Unique Value Proposition
The PORSCHE indicator stands out by integrating multiple proven trading methodologies into a cohesive system, eliminating the need for multiple separate indicators and providing traders with a unified market analysis tool that covers trend, momentum, volume, and session-based analysis simultaneously.
This comprehensive approach allows traders to make informed decisions with multiple confluences, reducing false signals and improving overall trading performance.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.