Top & Bottom Search🧩 ~ Experimental🔧📌 Top & Bottom Search🧩 ~ Experimental🔧
This script is designed to identify potential market reversal zones using a combination of classic candlestick patterns (Piercing Line & Dark Cloud Cover) and trend confirmation tools like EMA positioning and optional RSI filters.
🔍 Core Features:
✅ Detects Piercing Line and Dark Cloud Cover patterns.
✅ Optional EMA filter to confirm bullish or bearish alignment.
✅ Optional RSI filter to confirm oversold or overbought conditions.
✅ Visual plot of the selected EMA (customizable thickness & color).
✅ Clean and toggleable inputs for user flexibility.
⚙️ Customizable Settings:
Enable/disable EMA confirmation.
Enable/disable RSI confirmation.
Choose whether to display the EMA on the chart.
Adjust EMA period, RSI thresholds, and candle visuals.
🧪 Note:
This is an experimental tool, best used as a supplement to your existing analysis. Not every signal is a guaranteed reversal—this script aims to highlight potential turning points that deserve closer attention.
I HIGHLY recommend using this in coherence with many other indicators in a robust system of indicators that meet your desired time frames and signal periods.
NOTES*
1.) An alternative way to view this indicator is as a "Piercing & Dark Cloud Candle Indicator/Strategy w/ EMA & RSI Logic - Either EMA or RSI Logics are Optional."
2.) When toggling between the RSI and EMA Filters, the default is set to EMA filter applied, however you cannot have both RSI signals and EMA filters on the chart at the same time, it can only be one or the other. So be aware that if you have EMA filter ON and select RSI filter, it will only be displaying the RSI filtered outputs. The ONLY WAY to see the EMA filtered outputs is to only have the EMA filter box checked and NOT the RIS filter box.
Oszillatoren
DMI Histogram MTFADX indicator with D+ and D- can be selected within a multi-timeframe to better filter the trend.
Multi-Timeframe Analysis Table with SMA CrossThis script creates a multi-timeframe analysis tool for technical trading in TradingView. It displays a comprehensive table that helps traders analyze price action across different timeframes simultaneously.
Core Functionality
The script generates a table with five columns:
Label column: Shows indicator names and section titles
Current timeframe: Analysis for the chart's current timeframe
Higher timeframe 1: Analysis for first higher timeframe (default: 60min)
Higher timeframe 2: Analysis for second higher timeframe (default: 4h)
Higher timeframe 3: Analysis for third higher timeframe (default: Daily)
Key Components
Technical Indicators
The table displays values for four technical indicators across all timeframes:
RSI (Relative Strength Index): Measures momentum and identifies overbought/oversold conditions
MACD (Moving Average Convergence Divergence): Trend-following momentum indicator
VMC (Volatility-based Mean Reversion): Custom oscillator for mean reversion signals
TRIX: Triple exponential average indicator showing percent rate-of-change
Trading Recommendations
The script calculates trading recommendations by:
Checking if SMA1 (fast) is above/below SMA2 (slow) to determine trend direction
Calculating an indicator score based on RSI, MACD, VMC, and TRIX values
Combining trend confirmation with indicator score to generate recommendations:
BUY: Bullish trend with positive indicator score
SELL: Bearish trend with negative indicator score
WAIT: Positive indicator score but no bullish confirmation
NEUTRAL: No clear signal
Support/Resistance Levels
The script identifies key support and resistance levels for each timeframe using a pivot-based algorithm that:
Finds significant price pivots within a lookback period
Groups nearby pivots into channels/zones
Displays the most significant S/R level for each timeframe
Trend Confirmation
The final row shows the overall trend direction based on SMA crossovers:
Bullish: When the faster SMA is above the slower SMA
Bearish: When the faster SMA is below the slower SMA
Unstable: When there's no clear direction
User Customization
The script offers extensive customization options:
Toggle which timeframes to display
Adjust SMA periods for each timeframe
Set threshold levels for all indicators
Customize support/resistance detection parameters
Change the table's position, colors, opacity, and border settings
Practical Use
Traders can use this table to:
Identify alignment across multiple timeframes (stronger signals when all timeframes agree)
Spot divergences between timeframes (potential trend changes)
Make more informed trading decisions with comprehensive technical analysis in a single view
Find key support/resistance levels relevant to different trading horizons
ADX + DI + EMA Dashboard (BKNY)*** UPDATED VERSION ***
This Indicator creates a dynamic dashboard that combines ADX (Average Directional Index), Directional Movement Index (DI), and Exponential Moving Averages (EMA) to provide a comprehensive view of market trends. The indicator helps traders assess the strength and direction of trends based on key technical indicators.
Features:
ADX: Measures the strength of the trend, allowing traders to identify whether a trend is strong or weak.
+DI and -DI: Show the bullish and bearish directional movements, helping to identify market direction.
EMA Crossover: Compares the fast and slow EMAs to determine the trend’s direction.
Customizable Features:
Adjust the calculation length for ADX, DI, and EMAs.
Set ADX and DI thresholds to define trend strength and direction.
EMA lengths are fully customizable for both fast and slow EMAs.
Display options allow users to show or hide ADX, DI, and EMA values on the dashboard.
Customize the colors to represent bullish, bearish, or neutral trend conditions for ADX, DI, and EMA.
Timeframe selection allows users to choose the preferred timeframe for trend analysis.
The dashboard position, layout, and display are fully customizable, letting users tailor the information shown according to their trading preferences.
This script provides an at-a-glance view of key trend indicators, with flexibility to tailor both the data shown and the visual presentation to individual trading needs.
ADX + DI + EMA Dashboard (BKNY)This Indicator creates a dynamic dashboard that combines ADX (Average Directional Index), Directional Movement Index (DI), and Exponential Moving Averages (EMA) to provide a comprehensive view of market trends. The indicator helps traders assess the strength and direction of trends based on key technical indicators.
Features:
ADX: Measures the strength of the trend, allowing traders to identify whether a trend is strong or weak.
+DI and -DI: Show the bullish and bearish directional movements, helping to identify market direction.
EMA Crossover: Compares the fast and slow EMAs to determine the trend’s direction.
Customizable Features:
Adjust the calculation length for ADX, DI, and EMAs.
Set ADX and DI thresholds to define trend strength and direction.
EMA lengths are fully customizable for both fast and slow EMAs.
Display options allow users to show or hide ADX, DI, and EMA values on the dashboard.
Customize the colors to represent bullish, bearish, or neutral trend conditions for ADX, DI, and EMA.
Timeframe selection allows users to choose the preferred timeframe for trend analysis.
The dashboard layout and display are fully customizable, letting users tailor the information shown according to their trading preferences.
This script provides an at-a-glance view of key trend indicators, with flexibility to tailor both the data shown and the visual presentation to individual trading needs.
100to100K B*C*RThis is an incomplete test version.
Use BB, CCI, and RSI to express the inflection point of the trend or the duration of the trend.
Sooner or later, we plan to update the split blade signal, the entire blade signal, and the long signal.
For more information on how to use it, please contact us in the chat room
RSI Delta LadderA product of DAO RSI. Made in Vietnam
Components in the indicator:
RSI14, EMA9, and WMA45
RSI Delta: Represents the strength of RSI
RSI Divergence
RSI Support and Resistance (SnR RSI)
RSI Ladder
Trading Signals: Type 1, Type 2
Various Alerts
Chandelier Exit Scanner - [JAYADEV RANA]📌 Chandelier Exit Scanner –
🔍 Description
This is a multi-stock Chandelier Exit scanner designed to help you track trend direction shifts across up to 40 NSE stocks in real-time using the well-known Chandelier Exit mechanism.
The Chandelier Exit is a popular trailing stop method that uses the Average True Range (ATR) to dynamically adjust stop-loss levels based on market volatility. This scanner builds on that logic and scales it across multiple assets, providing directional insight with visual tables and real-time alerts.
Special Thanks to @everget
for the original implementation and open-source contribution of the Chandelier Exit logic.
This scanner respectfully builds upon that core logic to offer a broader, multi-instrument perspective.
⚙️ Features
✅ Chandelier Exit logic (Long/Short stop levels)
✅ Multi-symbol support (up to 40 NSE stocks)
✅ Real-time trend direction table
✅ Bullish/Bearish breakout alerts
✅ Table overlay for trend monitoring
✅ Customizable ATR Period & Multiplier
✅ Option to use Close vs High/Low for extremums
✅ Bar confirmation toggle to reduce false signals
✅ Minimalist plot of buy/sell points on main chart
🧠 How It Works
The scanner applies the Chandelier Exit to all selected stocks and analyzes whether the current candle causes a directional change:
A Buy signal is generated when the price crosses above the short stop, shifting trend to bullish
A Sell signal is generated when the price crosses below the long stop, shifting trend to bearish
These changes are shown on the chart and in a trend direction table for easy monitoring
You’ll also receive alerts with time-stamped notifications when trend reversals are detected.
🖥️ Inputs
ATR Period – How many bars to look back when calculating ATR
ATR Multiplier – Controls distance of the stop from the high/low
Use Close Price for Extremums – Choose whether to use close or actual high/low values
Await Bar Confirmation – Wait until the bar is closed before confirming signals
🔔 Alerts
This script has prebuilt alerts:
🔄 Direction Change
📈 Chandelier Exit Buy
📉 Chandelier Exit Sell
Enable them from the “Add Alert” panel once the script is added to your chart.
📊 Recommended Use
Use this scanner as a trend confirmation tool or integrate it with your momentum breakout strategies. Especially helpful for intraday and positional traders looking to monitor multiple stocks from a single chart.
⚠️ Disclaimer
This is an open-source tool for educational and analytical purposes only. Always backtest and confirm signals with other indicators or price action. The author is not responsible for any financial losses.
👉 If you found this useful, drop a like ❤️ and follow for more automation-ready indicators and scanners. Feel free to fork and modify the script to suit your trading style!
Strategic Dip AccumulatorDon't run out of cash while accumulating – with this indicator you will not buy every dip. You will buy just a few at a higher price, but many others will be bought at a lower price. This approach helps you conserve capital while positioning yourself to benefit from deeper market corrections.
Overview
This indicator is designed to help traders manage their entry points in volatile markets. By combining technical signals with dynamic take-profit levels that adjust to market volatility, it ensures your buying power is used efficiently without overcommitting on every minor dip. The oversold and overbought levels are derived using a blend of momentum indicators and pivot-based price levels, giving you a reliable view of potential support and resistance zones.
How It Works
The tool blends several components:
Timing and Range: You can set a specific backtest period to focus on the market conditions that matter most to your strategy.
Overbought/Oversold: Overbought signals are marked on the chart with red downward‑pointing triangles, while oversold signals are highlighted with green upward‑pointing triangles—making it easy to spot when the market is overextended in either direction.
Signal Lines: Visual cues on the chart mark key zones. The indicator identifies oversold conditions when momentum signals and price pivots indicate the market has dipped too far, and overbought conditions when these metrics suggest a potential reversal. Blue lines indicate buying opportunities, and red lines denote selling zones.
Dynamic Take Profit Levels: Profit targets adjust based on market volatility. In calm conditions, wider targets can capture larger moves; in volatile periods, tighter targets help secure gains more quickly.
Risk Management: The system limits exposure by triggering safety orders only when specific conditions are met, ensuring you maintain sufficient cash reserves.
Trading Tips
I discovered that using the indicator on the 1-hour chart could be more profitable, as it offers more frequent and timely signals without the noise of lower timeframes. This allows for better fine-tuning of entries and exits in fast-moving markets.
For crypto pairs that have outperformed Bitcoin during backtests, I've found promising results with assets like CRYPTOCAP:ADA , CRYPTOCAP:DOT , CRYPTOCAP:PEPE , CRYPTOCAP:SUI , GETTEX:TAO , CRYPTOCAP:XRP , and $ZRX. These pairs often exhibit stronger trends or more robust recoveries, which can enhance the performance of a dip-buying strategy. Feel free to share any other pairs you discover that outperform Bitcoin—collective insights can help everyone refine their strategies.
Conclusion
The Strategic Dip Accumulator offers a disciplined method for buying dips without depleting your cash reserves. By combining dynamic profit targets, clear entry signals, and robust risk management, this tool empowers you to make strategic decisions even in volatile markets. Use it on the 1-hour chart for more responsive signals, and consider pairing it with cryptocurrencies that have demonstrated strong performance compared to Bitcoin in your backtests for a more robust trading strategy.
Bull/Bear Trap Detector via CVDThis script automatically detects "bull traps" and "bear traps" on a chart by analyzing the divergence of the CVD (cumulative volume delta) between the spot and perpetual markets. More specifically:
Data Collection:
The script retrieves prices and volumes (as well as open interest for some) from various exchanges (e.g., Binance, Bybit, Coinbase) for both the spot and perp markets. It then calculates the CVD over a defined period and determines the divergence between the two.
Filters and Conditions:
It combines several optional filters such as the RSI (to signal overbought or oversold conditions), a volume filter, a candlestick pattern (reversal) filter, and an open interest filter.
A bull trap is detected when the price exceeds a recent high, the CVD divergence is negative (below a threshold), and—if applicable—the other filters (RSI, volume, pattern, OI) are met.
A bear trap is defined in a similar manner (price below a recent low and positive CVD divergence).
Confirmation and Scoring:
Traps are confirmed if the previous candle confirms the breakout (for example, if the price closes lower for a bull trap). A confidence score is calculated by aggregating multiple signals (conditions on price, divergence, RSI, volume, etc.) and is displayed as stars on a floating label.
Display and Alerts:
The script draws a legend table that explains the icons and colors used (colored bars for confirmed or unconfirmed traps, lines indicating CVD divergences, etc.). Specific candles are highlighted to emphasize the confirmed traps, and alerts are generated when a confirmed trap is detected.
In summary, this script is used to identify and signal potentially deceptive reversal conditions in the market by combining volume analysis (via the CVD) with other technical indicators, helping traders spot risky trading signals.
Momentum Suites - SWING - V1Momentum Suite
A precision tool for spotting imminent market reversals before they’re widely recognized. This early-warning system detects subtle momentum shifts, helping you position ahead of the crowd and capture the move before it becomes obvious. Designed to highlight key inflection points with powerful confluence signals.
✅ How to Use Momentum Suite
Watch for early signals: Pay close attention when the indicator flashes a potential reversal — this often precedes visible trend changes.
Use on key timeframes: Most effective on 1h / 4h / daily charts depending on your trading style.
Confirm with price action: Combine signals with support/resistance, candle structure, or volume for stronger confirmation.
Tighten invalidation: Use the signal zone to set up trades with tight stops and favorable risk-reward.
Avoid chasing: Ideal for positioning before the move, not during overextended trends.
Pair with other tools: Works well alongside EMA structure, volume profile, or your existing momentum framework.
Tinchy- MTF Extreme RSI Flowershow extreme RSI flowers on K-line when RSI value > 70 or <30
RSI 60 == 1h
RSI 240 == 4h
RSI 1440 == 1d
Daksh IndicatorThe Daksh Indicator is designed for swing and position traders looking for clean and reliable entries/exits on HIGHER TIME FRAMES.
It combines RSI crossover signals, RSI slope filtering, and a custom cooldown period to avoid signal clutter and improve quality.
📊 Core Logic:
RSI Crossovers: Triggers a BUY when RSI crosses up from below the oversold zone, and SELL when RSI crosses down from overbought.
Slope Filter: Signals are only valid if the RSI slope exceeds a configurable threshold, helping filter out weak reversals.
Cooldown Timer: Once a trade is taken, a user-defined number of bars must pass before a new signal can appear.
Entry Flexibility: Option to plot entry labels using Open or Close price.
PnL Tracker: A live table shows entry price and running PnL (%) based on the last signal.
📣 Alerts:
The indicator supports alerts for BUY, SELL, and combined signals.
🔒 Note:
This is a closed-source indicator due to proprietary signal filtering and trade timing logic developed through extensive personal research and testing.
⚙️ How to Use:
Use it on higher timeframes (e.g., 4H, Daily) to avoid false signals.
Look for signals aligned with major trend context.
Adjust the slope threshold and cooldown to fine-tune signal frequency.
SignalCore Widodo Budi Pro v1.1SignalCore Widodo Budi Pro v1.1 – Invite-only Access
🔐 Protected Pine Script – donation-based access
💡 Premium Features:
✅ Breakout / Pre-Breakout Detection
✅ Breakdown / Pre-Breakdown Detection
✅ Volume Spike Validation
✅ Trend confirmation with SMA 20/50
✅ Momentum via MACD Histogram
✅ Heikin Ashi candle filtering
✅ RSI and Stochastic signals
✅ ADX trend strength with DI+ / DI−
✅ Real-time alerts & price-level labeling
💼 Ideal for swing traders, trend-followers, and breakout hunters.
📈 Optimized for stock trading (IDX, US, global)
💬 To request access, please donate below and confirm via DM to @vassistbywbudi
💳 Donation:
SWIFT Code: CENAIDJA
Account Number: 6840113114
Account Name: Fidelis Widodo Budi Kusumo
Ultimate RSI+ADX Indicator# Ultimate RSI+ADX Indicator: Principles Explained
The Ultimate RSI+ADX Indicator combines two powerful technical analysis tools to create a comprehensive trading system with enhanced signal accuracy.
## Principles of Ultimate RSI
Unlike standard RSI, Ultimate RSI doesn't just measure price movements but considers price ranges in its calculations:
1. It identifies the high and low range of the current period.
2. It detects expansion or contraction of the range compared to previous periods.
3. It considers both direction and range changes to measure momentum more accurately.
This approach allows Ultimate RSI to better capture the context of price movements and reduce false signals compared to traditional RSI.
## The ADX Component
The Average Directional Index (ADX) measures trend strength regardless of direction:
1. It quantifies how strongly a price is trending.
2. Values above 25 typically indicate a strong trend is present.
3. It helps filter out sideways markets where trading signals might be less reliable.
## How the Ultimate RSI+ADX Indicator Works
This integrated indicator functions through these key mechanisms:
1. **Enhanced Momentum Calculation**: Using Ultimate RSI for more accurate overbought/oversold conditions.
2. **Buy Signal Conditions**:
- Ultimate RSI crosses above its signal line
- Ultimate RSI remains below the maximum buy threshold
- ADX confirms sufficient trend strength
- Positive RSI slope indicates upward momentum
3. **Sell Signal Conditions**:
- Downward reversal detected at elevated RSI levels
- Ultimate RSI crosses below its signal line
- Sharp decline compared to previous price action
- ADX confirms the presence of a strong trend
The Ultimate RSI+ADX Indicator excels at identifying potential reversal points in trending markets while filtering out noise in ranging conditions. It provides traders with a balanced approach to momentum and trend analysis, helping capture significant market moves more effectively.
SignalCore Widodo Budi v1.0SignalCore Widodo Budi v1.0 is an all-in-one breakout and trend signal suite, designed to help traders detect high-probability trade setups using a fusion of price action, momentum, and volume.
✅ Combines breakout & breakdown detection using:
Donchian Channel (20)
Moving Averages (SMA 20 & 50)
MACD momentum confirmation
Volume spike detection
ADX trend strength
Heikin Ashi trend filter
🧠 Additional tools:
Conditional Stochastic %K/%D
RSI (Overbought/Oversold levels)
ADX visual + DI+/DI- alerts
Auto labels for breakout and pre-breakdown levels
🔔 Built-in alerts:
Breakout & Pre-Breakout
Breakdown & Pre-Breakdown
RSI signals
Stochastic crossovers
ADX directional strength
🎯 Best used on liquid instruments with defined ranges or trending behavior. Suitable for swing traders, momentum traders, and intraday scalpers alike.
Created by: Widodo Budi, 2025
Version: v1.0
Oath KeeperOath Keeper - Advanced Money Flow & Market Dynamics Indicator
A sophisticated indicator that analyzes market dynamics through money flow patterns, volume analysis, and liquidation detection to identify high-probability trading opportunities.
Core Features:
• Smart Money Flow Analysis: Proprietary calculation of institutional money movement
• Volume-Enhanced Signals: Multi-timeframe volume confirmation
• Liquidation Detection: Identifies potential forced liquidation events
• Advanced Signal Classification: Regular, Super, and Fakeout signals
Signal Types:
1. Regular Signals (Green/Purple Circles)
• Volume-confirmed momentum shifts
• Money flow threshold breaches
• Institutional participation confirmation
2. Super Signals (Green/Purple Squares)
• Deep oversold/overbought reversals
• High-volume rejection patterns
• Liquidation event confirmation
3. Fakeout Signals (Red X)
• Rapid sentiment shifts
• Trap detection
• False breakout warnings
Visual Components:
• Dynamic Money Flow Line (White/Purple)
• Order Flow Clouds (Green/Red with high transparency)
• Reference Levels (20, 50, 80)
• Multi-type Signal Markers
• Color-coded momentum visualization
Interpretation Guide:
• Green Cloud: Bullish money flow dominance
• Red Cloud: Bearish money flow dominance
• Circle Markers: Standard reversals
• Square Markers: High-conviction moves
• X Markers: Potential trap zones
Best Practices:
• Most effective on 1H+ timeframes
• Use with major trading pairs
• Wait for candle close confirmation
• Combine with support/resistance levels
• Monitor volume confirmation
• Use multiple timeframe analysis
This indicator helps traders identify institutional money flow, potential liquidation events, and market reversals by analyzing volume patterns and money flow dynamics, providing multiple confirmation layers for trade decisions.
Note: Performance varies with market conditions and timeframes. Always employ proper risk management.
CVD (Cumulative Volume Delta)
Cumulative Volume Delta
Use a moving average with three different
I thought about determining the volatility and direction of the price of the stock price and finding a place to break through.
I made some Mistake coz I'm new corder
I'm reposting this simple script due to house rule violation. (Whatever can haha) 😁
I'm erasing all the comments in my native language that I had in my script... I thought it would make the User uncomfortable, so I locked the code, and I thought maybe that's the problem
Anyway, I'm sorry 😅
Aurora Flow Oscillator [QuantAlgo]The Aurora Flow Oscillator is an advanced momentum-based technical indicator designed to identify market direction, momentum shifts, and potential reversal zones using adaptive filtering techniques. It visualizes price momentum through a dynamic oscillator that quantifies trend strength and direction, helping traders and investors recognize momentum shifts and trading opportunities across various timeframes and asset class.
🟢 Technical Foundation
The Aurora Flow Oscillator employs a sophisticated mathematical approach with adaptive momentum filtering to analyze market conditions, including:
Price-Based Momentum Calculation: Calculates logarithmic price changes to measure the rate and magnitude of market movement
Adaptive Momentum Filtering: Applies an advanced filtering algorithm to smooth momentum calculations while preserving important signals
Acceleration Analysis: Incorporates momentum acceleration to identify shifts in market direction before they become obvious
Signal Normalization: Automatically scales the oscillator output to a range between -100 and 100 for consistent interpretation across different market conditions
The indicator processes price data through multiple filtering stages, applying mathematical principles including exponential smoothing with adaptive coefficients. This creates an oscillator that dynamically adjusts to market volatility while maintaining responsiveness to genuine trend changes.
🟢 Key Features & Signals
1. Momentum Flow and Extreme Zone Identification
The oscillator presents market momentum through an intuitive visual display that clearly indicates both direction and strength:
Above Zero: Indicates positive momentum and potential bullish conditions
Below Zero: Indicates negative momentum and potential bearish conditions
Slope Direction: The angle and direction of the oscillator provide immediate insight into momentum strength
Zero Line Crossings: Signal potential trend changes and new directional momentum
The indicator also identifies potential overbought and oversold market conditions through extreme zone markings:
Upper Zone (>50): Indicates strong bullish momentum that may be approaching exhaustion
Lower Zone (<-50): Indicates strong bearish momentum that may be approaching exhaustion
Extreme Boundaries (±95): Mark potentially unsustainable momentum levels where reversals become increasingly likely
These zones are displayed with gradient intensity that increases as the oscillator moves toward extremes, helping traders and investors:
→ Identify potential reversal zones
→ Determine appropriate entry and exit points
→ Gauge overall market sentiment strength
2. Customizable Trading Style Presets
The Aurora Flow Oscillator offers pre-configured settings for different trading approaches:
Default (80,150): Balanced configuration suitable for most trading and investing situations.
Scalping (5,80): Highly responsive settings for ultra-short-term trades. Generates frequent signals and catches quick price movements. Best for 1-15min charts when making many trades per day.
Day Trading (8,120): Optimized for intraday movements with faster response than default settings while maintaining reasonable signal quality. Ideal for 5-60min or 4h-12h timeframes.
Swing Trading (10,200): Designed for multi-day positions with stronger noise filtering. Focuses on capturing larger price swings while avoiding minor fluctuations. Works best on 1-4h and daily charts.
Position Trading (14,250): For longer-term position traders/investors seeking significant market trends. Reduces false signals by heavily filtering market noise. Ideal for daily or even weekly charts.
Trend Following (16,300): Maximum smoothing that prioritizes established directional movements over short-term fluctuations. Best used on daily and weekly charts, but can also be used for lower timeframe trading.
Countertrend (7,100): Tuned to detect potential reversals and exhaustion points in trends. More sensitive to momentum shifts than other presets. Effective on 15min-4h charts, as well as daily and weekly charts.
Each preset automatically adjusts internal parameters for optimal performance in the selected trading context, providing flexibility across different market approaches without requiring complex manual configuration.
🟢 Practical Usage Tips
1/ Trend Analysis and Interpretation
→ Direction Assessment: Evaluate the oscillator's position relative to zero to determine underlying momentum bias
→ Momentum Strength: Measure the oscillator's distance from zero within the -100 to +100 range to quantify momentum magnitude
→ Trend Consistency: Monitor the oscillator's path for sustained directional movement without frequent zero-line crossings
→ Reversal Detection: Watch for oscillator divergence from price and deceleration of movement when approaching extreme zones
2/ Signal Generation Strategies
Depending on your trading approach, multiple signal strategies can be employed:
Trend Following Signals:
Enter long positions when the oscillator crosses above zero
Enter short positions when the oscillator crosses below zero
Add to positions on pullbacks while maintaining the overall trend direction
Countertrend Signals:
Look for potential reversals when the oscillator reaches extreme zones (±95)
Enter contrary positions when momentum shows signs of exhaustion
Use oscillator divergence with price as additional confirmation
Momentum Shift Signals:
Enter positions when oscillator changes direction after establishing a trend
Exit positions when oscillator direction reverses against your position
Scale position size based on oscillator strength percentage
3/ Timeframe Optimization
The indicator can be effectively applied across different timeframes with these considerations:
Lower Timeframes (1-15min):
Use Scalping or Day Trading presets
Focus on quick momentum shifts and zero-line crossings
Be cautious of noise in extreme market conditions
Medium Timeframes (30min-4h):
Use Default or Swing Trading presets
Look for established trends and potential reversal zones
Combine with support/resistance analysis for entry/exit precision
Higher Timeframes (Daily+):
Use Position Trading or Trend Following presets
Focus on major trend identification and long-term positioning
Use extreme zones for position management rather than immediate reversals
🟢 Pro Tips
Price Momentum Period:
→ Lower values (5-7) increase sensitivity to minor price fluctuations but capture more market noise
→ Higher values (10-16) emphasize sustained momentum shifts at the cost of delayed response
→ Adjust based on your timeframe (lower for shorter timeframes, higher for longer timeframes)
Oscillator Filter Period:
→ Lower values (80-120) produce more frequent directional changes and earlier response to momentum shifts
→ Higher values (200-300) filter out shorter-term fluctuations to highlight dominant market cycles
→ Match to your typical holding period (shorter holding time = lower filter values)
Multi-Timeframe Analysis:
→ Compare oscillator readings across different timeframes for confluence
→ Look for alignment between higher and lower timeframe signals
→ Use higher timeframe for trend direction, lower for earlier entries
Volatility-Adaptive Trading:
→ Use oscillator strength to adjust position sizing (stronger = larger)
→ Consider reducing exposure when oscillator reaches extreme zones
→ Implement tighter stops during periods of oscillator acceleration
Combination Strategies:
→ Pair with volume indicators for confirmation of momentum shifts
→ Use with support/resistance levels for strategic entry and exit points
→ Combine with volatility indicators for comprehensive market context
RSI The BosThe Relative Strength Index (RSI) is one of the most widely used technical indicators in the market, designed to measure the strength and momentum of price movements.
This script was developed specifically for students, former students, and members of the The Bos community, as a support tool for studying and applying market structure and smart money concepts.
While originally created for internal use, it’s publicly available — and any trader interested in a clean, objective, and functional RSI can benefit from this version.
Advanced Momentum Scanner [QuantAlgo]The Advanced Momentum Scanner is a sophisticated technical indicator designed to identify market momentum and trend direction using multiple exponential moving averages (EMAs), momentum metrics, and adaptive visualization techniques. It is particularly valuable for those looking to identify trading and investing opportunities based on trend changes and momentum shifts across any market and timeframe.
🟢 Technical Foundation
The Advanced Momentum Scanner utilizes a multi-layered approach with four different EMA periods to identify market momentum and trend direction:
Ultra-Fast EMA for quick trend changes detection (default: 5)
Fast EMA for short-term trend analysis (default: 10)
Mid EMA for intermediate confirmation (default: 30)
Slow EMA for long-term trend identification (default: 100)
For momentum detection, the indicator implements a Rate of Change (RoC) calculation to measure price momentum over a specified period. It further enhances analysis by incorporating RSI readings for overbought/oversold conditions, volatility measurements through ATR, and optional volume confirmation. When these elements align, the indicator generates trading signals based on the selected sensitivity mode (Conservative, Balanced, or Aggressive).
🟢 Key Features & Signals
1. Multi-Period Trend Identification
The indicator combines multiple EMAs of different lengths to provide comprehensive trend analysis within the same timeframe, displaying the information through color-coded visual elements on the chart.
When an uptrend is detected, chart elements are colored with the bullish theme color (default: green/teal).
Similarly, when a downtrend is detected, chart elements are colored with the bearish theme color (default: red).
During neutral or indecisive periods, chart elements are colored with a neutral gray color, providing clear visual distinction between trending and non-trending market conditions.
This visualization provides immediate insights into underlying trend direction without requiring separate indicators, helping traders and investors quickly identify the market's current state.
2. Trend Strength Information Panel
The trend panel operates in three different sensitivity modes (Conservative, Aggressive, and Balanced), each affecting how the indicator processes and displays market information.
The Conservative mode prioritizes trend sustainability over frequency, showing only strong trend movements with high probability.
The Aggressive mode detects early trend changes, providing more frequent signals but potentially more false positives.
The Balanced mode offers a middle ground with moderate signal frequency and reliability.
Regardless of the selected mode, the panel displays:
Current trend direction (UPTREND, DOWNTREND, or NEUTRAL)
Trend strength percentage (0-100%)
Early detection signals when applicable
The active sensitivity mode
This comprehensive approach helps traders and investors:
→ Assess the strength of current market trends
→ Identify early potential trend changes before full confirmation
→ Make more informed trading and investing decisions based on trend context
3. Customizable Visualization Settings
This indicator offers extensive visual customization options to suit different trading styles and preferences:
Display options:
→ Fully customizable uptrend, downtrend, and neutral colors
→ Color-coded price bars showing trend direction
→ Dynamic gradient bands visualizing potential trend channels
→ Optional background coloring based on trend intensity
→ Adjustable transparency levels for all visual elements
These visualization settings can be fine-tuned through the indicator's interface, allowing traders and investors to create a personalized chart environment that emphasizes the most relevant information for their strategy.
The indicator also features a comprehensive alert system with notifications for:
New trend formations (uptrend, downtrend, neutral)
Early trend change signals
Momentum threshold crossovers
Other significant market conditions
Alerts can be customized and delivered through TradingView's notification system, making it easy to stay informed of important market developments even when you are away from the charts.
🟢 Practical Usage Tips
→ Trend Analysis and Interpretation: The indicator visualizes trend direction and strength directly on the chart through color-coding and the information panel, allowing traders and investors to immediately identify the current market context. This information helps in assessing the potential for continuation or reversal.
→ Signal Generation Strategies: The indicator generates potential trading signals based on trend direction, momentum confirmation, and selected sensitivity mode. Users can choose between Conservative (fewer but more reliable signals), Balanced (moderate approach), or Aggressive (more frequent but potentially less reliable signals).
→ Multi-Period Trend Assessment: Through its layered EMA approach, the indicator enables users to understand trend conditions across different lookback periods within the same timeframe. This helps in identifying the dominant trend and potential turning points.
🟢 Pro Tips
Adjust EMA periods based on your timeframe:
→ Lower values for shorter timeframes and more frequent signals
→ Higher values for higher timeframes and more reliable signals
Fine-tune sensitivity mode based on your trading style:
→ "Conservative" for position trading/long-term investing and fewer false signals
→ "Balanced" for swing trading/medium-term investing with moderate signal frequency
→ "Aggressive" for scalping/day trading and catching early trend changes
Look for confluence between components:
→ Strong trend strength percentage and direction in the information panel
→ Overall market context aligning with the expected direction
Use for multiple trading approaches:
→ Trend following during strong momentum periods
→ Counter-trend trading at band extremes during overextension
→ Early trend change detection with sensitivity adjustments
→ Stop loss placement using dynamic bands
Combine with:
→ Volume indicators for additional confirmation
→ Support/resistance analysis for strategic entry/exit points
→ Multiple timeframe analysis for broader market context
