Multi Timeframe EMA14 (CHANUT)เป็นการใช้ อินดิเคเตอร์ ในการดู แนวโน้มตลาดเช่น ทองคำ
It is the use of indicators to look at market trends such as gold.
Indikatoren und Strategien
Perfect Candles By SalamunPerfect Candles Compass Trade Academy By Salamun
The "Perfect Candles By Salamun" indicator is a custom indicator for the TradingView trading platform that uses Pine Script v5. Let me explain its function and usage:
Main Function
1. Candlestick Display Modification
This indicator redraws candlesticks with special logic, especially to handle price gaps that occur when the market reopens after a close.
2. Eliminate Price Gaps
When the market opens after a break (for example after a weekend or holiday), there is usually a gap between the previous closing price and the new opening price.
This indicator "fixes" the gap by adjusting the open price of the new candle to be equal to the close price of the previous candle.
Input Parameters
"Valid only on open days" (default: false)
If enabled, modifications are only applied on market opening days.
If disabled, all candles will be modified
"Hourly threshold for detecting open days" (default: 6 hours)
Determine the time threshold for detecting gaps.
If the time interval between candles is > 6 hours, it is considered as the opening of a new day.
"Show Price" (default: true)
Displays a horizontal price line at the last price level
Ways of working
Gap Detection : Calculating the time difference between candles
Modification Conditions :
If applyToDayOpenOnly= false, OR
If the time gap > the specified threshold
Price Adjustment :
Open price = Close price of the previous candle
Close, High, Low still use original values
Coloring :
Teal green for bullish candles (close ≥ open)
Red for bearish candle (close < open)
Utility
For Traders:
Provides a smoother chart visualization without gaps
Helps with more continuous technical analysis
Useful for timeframes that often experience gaps (such as daily, weekly)
For Analysis:
Reduces noise from opening gap
Helps identify clearer trends
Suitable for strategies that focus on continuous price movements
Zones create bullish and bearish zones. upward green triangle with five candles waiting will give buy signal.downward red triangle with five candles waiting will give sell signal.
MACD, RSI & Stoch + Divergences
Best results with combination My_EMA_clouds and Market Mood Maker
This script is a comprehensive technical analysis tool that combines several popular indicators and divergence detection features.
The main components of the script include:
* **MACD indicator** with histogram displaying moving averages and their divergence
* **RSI (Relative Strength Index)** for momentum analysis
* **Stochastic Oscillator** for overbought/oversold levels
* **Divergence detection** system identifying both regular and hidden bullish/bearish divergences between price action and oscillators
Key features:
* Customizable settings for each indicator (periods, smoothing parameters)
* Flexible visualization options (lines, arrows, labels)
* Multiple oscillator display modes (RSI, Stochastic, MACD, or Histogram)
* Pivot point detection for accurate divergence identification
* Configurable lookback period for analysis
* Color-coded signals for easy interpretation
* Horizontal levels for overbought/oversold zones
* Interactive settings panel for customization
The script provides traders with a comprehensive toolkit for identifying potential reversal points and confirming trend directions through divergence analysis across multiple timeframes and indicators.
анный скрипт представляет собой комплексный инструмент технического анализа, который объединяет несколько популярных индикаторов и систему обнаружения дивергенций.
Основные компоненты скрипта включают:
Индикатор MACD с гистограммой, отображающей скользящие средние и их расхождения
Индекс относительной силы (RSI) для анализа импульса
Стохастический осциллятор для определения уровней перекупленности/перепроданности
Система обнаружения дивергенций, выявляющая как обычные, так и скрытые бычьи/медвежьи дивергенции между ценовым движением и осцилляторами
GMMA ABC Signal Goal (one-liner)
Detect trend-aligned entries using an 18-EMA GMMA stack, then filter out chop with momentum (ATR), trend strength (ADX/RSI), and a tight-range (“box”) mute. Auto-draw SL/TP and fire alerts.
1) Core inputs & idea
Three entry archetypes
Type A (Structure break in a tight bundle): GMMA is narrow → price breaks prior swing with correct bull/bear sequence.
Type B (Trend continuation): Price crosses many EMAs with body and short>mid (bull) or short midAvg, close > longAvg, candle pass.
Short: red body, crossBodyDown ≥ bodyThresh, shortAvg < midAvg, close < longAvg, candle pass.
Anti-chop add-ons:
Require GMMA spread ≥ minSpreadB (trend sufficiently expanded).
ADX/RSI gate (configurable AND/OR and individual enable flags):
ADX ≥ adxMin_B
RSI ≥ rsiMinLong_B (long) or RSI ≤ rsiMaxShort_B (short)
Type C — momentum pop
Needs many crosses (crossUp / crossDown ≥ crossThresh) and a strong candle.
Has its own ATR body threshold: body ≥ ATR * atrMultC (separate from global).
6) Global “Box” (tight-range) mute
Look back boxLookback bars; if (highest−lowest)/close ≤ boxMaxPct, then mute all signals.
Prevents trading inside cramped ranges.
7) Signal priority + confirmation + cooldown
Compute raw A/B/C booleans.
Pick first valid in order A → B → C per side (long/short).
Apply:
Bar confirmation (confirmClose)
Cooldown (no new signal within cooldownBars after last)
Global box mute
Record bar index to enforce cooldown.
8) SL/TP logic (simple R-based scaffolding)
SL: previous swing extreme within structLookback (long uses prevLow, short uses prevHigh).
Risk R: distance from entry close to SL (min-tick protected).
TPs: TP1/TP2/TP3 = close ± R × (tp1R, tp2R, tp3R) depending on side.
On a new signal, draw lines for SL/TP1/TP2/TP3; keep them for keepBars then auto-delete.
9) Visuals & alerts
Plot labels for raw Type A/B/C (so you can see which bucket fired).
Entry label on the chosen signal with SL/TP prices.
Alerts: "ABC LONG/SHORT Entry" with ticker & timeframe placeholders.
10) Info panel (top-right)
Shows spread%, box%, ADX, RSI on the last/confirmed bar for quick situational awareness.
11) How to tune (quick heuristics)
Too many signals? Increase minSpreadB, adxMin_B, bodyThresh, or enable confirmClose and a small cooldownBars.
Missing breakouts? Lower atrMultC (Type C) or crossThresh; relax minSpreadB.
Choppy pairs/timeframes? Raise boxMaxPct sensitivity (smaller value mutes more), or raise atrMult (global) to demand fatter candles.
Cleaner trends only? Turn on strictSeq for Type A; raise minSpreadB and adxMin_B.
12) Mental model (TL;DR)
A = “Tight coil + fresh structure break”
B = “Established trend, strong continuation” (spread + ADX/RSI keep you out of chop)
C = “Momentum burst through many EMAs” (independent ATR gate)
Then add box mute, close confirmation, cooldown, and auto SL/TP scaffolding.
KPL with ATRThis is not my own formula. Just published in Team viewer. its the combination KPL and ATR
Fibonacci Pivot Trading System**Fibonacci Pivot Trading System – “Fib Pivots”**
Unlock dynamic price action with my custom Fibonacci Pivot Trading System! This all-in-one indicator overlays Fibonacci-based pivots, support/resistance levels, and actionable breakout signals directly onto your chart, making it easy to spot premium trading opportunities.
**How It Works:**
- **Pivot Logic:** Uses Fibonacci pivots, with optional support for Traditional, Woodie, Classic, DM, and Camarilla methods.
- **Multi-Timeframe Anchors:** Switch between Daily, Weekly, and Monthly pivots. My core strategy:
- **5m + Daily Pivots:** For intraday quick trades, I target the first break of the day using 5-minute candles.
- **1h + Weekly/Monthly Pivots:** For swing setups, I use 1-hour candles to target the first significant break of each week or month.
- **Breakout Preferred:** The system detects both breakouts and rejections, but I prefer and recommend breakout trades for more reliable momentum.
- **Take Profit/Stop Loss Logic:**
- **Take Profit:** By default, targets the next two Fibonacci pivots beyond the break.
- **Stop Loss:** Placed behind (beyond) the middle pivot
- **Volume & RSI Filters:** Volume confirmation is enabled for signal strength. The RSI filter is optional—I personally keep it unchecked for more signal flow.
- **Clean Visualization:** Choose which pivot levels and labels to display, visual consolidation zones, and automatic TP/SL tagging.
- **Alerts:** Get instant notifications for every breakout or rejection—never miss the signal on new price movement!
**Best For:**
- Breakout traders seeking structure around key session levels.
- Scalpers (5m/daily), swing traders (1h/weekly/monthly pivots).
- Those who want flexible, multi-strategy pivot point trading with built-in risk management.
Tip:
Always focus on the action after the first break of your chosen anchor (day, week, or month), and avoid trades inside the consolidation zone. For extra confirmation and stronger trades, use the 20, 50, 100, and 200 EMAs:
Longs: Enter only when all these EMAs are below the price.
Shorts: Enter only when all these EMAs are above the price.
Happy winnings!
Fibonacci Pivot Trading System**Fibonacci Pivot Trading System – “Fib Pivots”**
Unlock dynamic price action with my custom Fibonacci Pivot Trading System! This all-in-one indicator overlays Fibonacci-based pivots, support/resistance levels, and actionable breakout signals directly onto your chart, making it easy to spot premium trading opportunities.
**How It Works:**
- **Pivot Logic:** Uses Fibonacci pivots, with optional support for Traditional, Woodie, Classic, DM, and Camarilla methods.
- **Multi-Timeframe Anchors:** Switch between Daily, Weekly, and Monthly pivots. My core strategy:
- **5m + Daily Pivots:** For intraday quick trades, I target the first break of the day using 5-minute candles.
- **1h + Weekly/Monthly Pivots:** For swing setups, I use 1-hour candles to target the first significant break of each week or month.
- **Breakout Preferred:** The system detects both breakouts and rejections, but I prefer and recommend breakout trades for more reliable momentum.
- **Take Profit/Stop Loss Logic:**
- **Take Profit:** By default, targets the next two Fibonacci pivots beyond the break.
- **Stop Loss:** Placed behind (beyond) the middle pivot—never in the consolidation zone (between R1/S1).
- **Volume & RSI Filters:** Volume confirmation is enabled for signal strength. The RSI filter is optional—I personally keep it unchecked for more signal flow.
- **Clean Visualization:** Choose which pivot levels and labels to display, visual consolidation zones, and automatic TP/SL tagging.
- **Alerts:** Get instant notifications for every breakout or rejection—never miss the signal on new price movement!
**Best For:**
- Breakout traders seeking structure around key session levels.
- Scalpers (5m/daily), swing traders (1h/weekly/monthly pivots).
- Those who want flexible, multi-strategy pivot point trading with built-in risk management.
**Tip:** Always focus on the action after the first break of your chosen anchor (day, week, or month), and avoid trades inside the consolidation zone. Happy winnings!
***
Pump/Dump Detector [Modular]//@version=5
indicator("Pump/Dump Detector ", overlay=true)
// ————— Inputs —————
risk_pct = input.float(1.0, "Risk %", minval=0.1)
capital = input.float(100000, "Capital")
stop_multiplier = input.float(1.5, "Stop Multiplier")
target_multiplier = input.float(2.0, "Target Multiplier")
volume_mult = input.float(2.0, "Volume Spike Multiplier")
rsi_low_thresh = input.int(15, "RSI Oversold Threshold")
rsi_high_thresh = input.int(85, "RSI Overbought Threshold")
rsi_len = input.int(2, "RSI Length")
bb_len = input.int(20, "BB Length")
bb_mult = input.float(2.0, "BB Multiplier")
atr_len = input.int(14, "ATR Length")
show_signals = input.bool(true, "Show Entry Signals")
use_orderflow = input.bool(true, "Use Order Flow Proxy")
use_ml_flag = input.bool(false, "Use ML Risk Flag")
use_session_filter = input.bool(true, "Use Volatility Sessions")
// ————— Symbol Filter (Optional) —————
symbol_nq = input.bool(true, "Enable NQ")
symbol_es = input.bool(true, "Enable ES")
symbol_gold = input.bool(true, "Enable Gold")
is_nq = str.contains(syminfo.ticker, "NQ")
is_es = str.contains(syminfo.ticker, "ES")
is_gold = str.contains(syminfo.ticker, "GC")
symbol_filter = (symbol_nq and is_nq) or (symbol_es and is_es) or (symbol_gold and is_gold)
// ————— Calculations —————
rsi = ta.rsi(close, rsi_len)
atr = ta.atr(atr_len)
basis = ta.sma(close, bb_len)
dev = bb_mult * ta.stdev(close, bb_len)
bb_upper = basis + dev
bb_lower = basis - dev
rolling_vol = ta.sma(volume, 20)
vol_spike = volume > volume_mult * rolling_vol
// ————— Session Filter (EST) —————
est_offset = -5
est_hour = (hour + est_offset + 24) % 24
session_filter = (est_hour >= 18 or est_hour < 6) or (est_hour >= 14 and est_hour < 17)
session_ok = not use_session_filter or session_filter
// ————— Order Flow Proxy —————
mfi = ta.mfi(close, 14)
buy_imbalance = ta.crossover(mfi, 50)
sell_imbalance = ta.crossunder(mfi, 50)
reversal_candle = close > open and close > ta.highest(close , 3)
// ————— ML Risk Flag (Placeholder) —————
ml_risk_flag = use_ml_flag and (ta.sma(close, 5) > ta.sma(close, 20))
// ————— Entry Conditions —————
long_cond = symbol_filter and session_ok and vol_spike and rsi < rsi_low_thresh and close < bb_lower and (not use_orderflow or (buy_imbalance and reversal_candle)) and (not use_ml_flag or ml_risk_flag)
short_cond = symbol_filter and session_ok and vol_spike and rsi > rsi_high_thresh and (not use_orderflow or sell_imbalance) and (not use_ml_flag or ml_risk_flag)
// ————— Position Sizing —————
risk_amt = capital * (risk_pct / 100)
position_size = risk_amt / atr
// ————— Plot Signals —————
plotshape(show_signals and long_cond, title="Long Signal", location=location.belowbar, color=color.green, style=shape.triangleup, size=size.small)
plotshape(show_signals and short_cond, title="Short Signal", location=location.abovebar, color=color.red, style=shape.triangledown, size=size.small)
// ————— Alerts —————
alertcondition(long_cond, title="Long Entry Alert", message="Pump fade detected: Long setup triggered")
alertcondition(short_cond, title="Short Entry Alert", message="Dump detected: Short setup triggered")
Trend by ΔMA + Double ZigZag + EMA/WMA Bands by KidevThis script is a multi-tool trend and structure analyzer combining moving average slope confirmation, double zigzag swing mapping, and dynamic EMA/WMA trend bands — all in one overlay indicator.
🔹 Key Features:
ΔMA Trend Detection
Detects trend shifts using the slope of a chosen moving average (SMA, EMA, WMA, RMA, HMA).
Confirms uptrend/downtrend only after a user-defined confirmation window.
Draws color-coded MA line (green = uptrend, red = downtrend, gray = sideways).
Optional arrows for trend change entries.
Alerts for confirmed trend shifts.
Double ZigZag Swing Analysis
Two customizable ZigZag layers with independent lookback periods.
Optional swing labels (HH, HL, LH, LL) to track market structure.
Full control over line style, width, and colors for each ZigZag.
EMA Band (96 default)
Plots a dynamic EMA channel (High, HLC3, Low).
Visual band highlights volatility and trend zones.
Adjustable fill color and transparency.
Weighted Moving Average (WMA 96)
Clean trend-following baseline.
Adjustable source, length, and color.
Background Highlight
Toggleable background shading for bullish / bearish / sideways conditions.
Fully customizable colors and transparency.
Helps visually separate market phases at a glance.
Note:
ZigZag repainting is inherent by design (future swings refine past points). Use it as a structural guide, not as a standalone signal.
Auto S/R 1H - Stable Simplethat is a script to find out the support and resistance as trendlines for stocks in one hour timeframe for swing trading.
Sri - Custom Timeframe Candle / Heikin AshiSri - Custom Timeframe Candle / Heikin Ashi (Week & Day) + Label
Short Title: Sri - Smart Candles
Pine Script Version: 5
Overlay: Yes
Description:
The Sri - Smart Candles indicator allows traders to visualize historical and current daily and weekly candles on a single chart in a compact and customizable format. You can choose between Normal candles or Heikin Ashi candles for better trend visualization. The script displays previous 4 candles, the last candle, and the live candle with horizontal offset positioning to avoid overlapping the chart. Additionally, the indicator includes customizable labels for days or week numbers, helping traders quickly analyze patterns and trends.
This indicator is ideal for traders who want to see higher timeframe candle patterns on lower timeframe charts (like 5-min, 15-min, or 1-hour charts) without switching timeframes.
Key Features:
Custom Candle Types: Normal or Heikin Ashi.
Daily & Weekly Candle Blocks: View previous 4 + last + live candles.
Custom Colors: Bull, bear, and wick colors configurable.
Candle Positioning: Horizontal offsets, thickness, and gaps configurable.
Labels: Day numbers or week numbers displayed at Top, Bottom, or Absolute level.
Multi-Timeframe Visualization: See daily and weekly candles on lower timeframe charts.
Advantages:
✅ Helps visualize higher timeframe trends on lower timeframe charts.
✅ Easy to identify bullish and bearish candle patterns.
✅ Customizable for personal visual preference (colors, size, offsets).
✅ Labels allow quick recognition of days/weeks without cluttering the chart.
✅ Works on small timeframes (1-min, 5-min, 15-min) for intraday analysis.
Pros:
Clean and intuitive display of daily/weekly candles.
Can combine Normal and Heikin Ashi visualizations.
Helps confirm trend direction before taking trades.
Non-intrusive overlay: does not interfere with main chart candles.
Cons:
Static candle representation; does not replace real-time trading candles.
May be slightly heavy on chart performance if too many candles are drawn.
Horizontal offsets require manual adjustment for crowded charts.
How to Use on Small Timeframes:
Apply the indicator on a small timeframe chart (e.g., 5-min, 15-min).
Select Candle Type: Normal or Heikin Ashi.
Adjust Daily and Weekly offsets to prevent overlap with your main chart.
Choose colors for bullish, bearish candles, and wicks.
Use Label Position to show day/week numbers on top, bottom, or a fixed level.
Analyze the previous 4 + last + live candles for trend direction and potential entry/exit zones.
Tip: Combine this with other indicators (like RSI, MACD, or volume) on small timeframes for better intraday trading accuracy.
Flowcast by gfund.aiFlowcast by gfund.ai
Introducing Flowcast : A powerful moving average indicator designed to help you master the market's flow with unprecedented clarity.
At its heart is our proprietary blend of moving averages , an engine engineered to synergize predictive speed with a smooth, stable trend foundation. This unique combination translates complex market dynamics into a simple, actionable visual.
How to read the Flowcast ribbon:
Green Ribbon : Signals a potential bullish trend.
Red Ribbon : Signals a potential bearish trend.
The ribbon's thickness provides a real-time gauge of momentum. A thickening ribbon suggests a strengthening trend, while a thinning ribbon signals consolidation or a potential reversal.
Stop reacting and start anticipating. Flowcast is designed to deliver crystal-clear, early signals, giving you the intuitive edge to navigate the markets with confidence.
Market State Momentum OscillatorMarket State Momentum Oscillator (MSMO)
Overview
The MSMO combines three elements in one panel:
Momentum oscillator (gray/blue area with aqua signal line)
Market State filter (green/red background area)
Money Flow Index (orange line)
Works on all markets and all timeframes. Non-repainting at bar close.
Colors and meaning
Gray area: Momentum above 0 (bullish bias)
Blue area: Momentum below 0 (bearish bias)
Aqua line: Signal line smoothing the oscillator
Green background: Market state bullish (price above moving average)
Red background: Market state bearish (price below moving average)
Orange line: Money Flow Index (volume-weighted momentum)
How to use
Always wait for confirmation of the green or red market state before acting.
Trend alignment: Watch the slope of the Weekly and Daily 200 MA and Weekly and Daily 50 MA to understand higher-timeframe trend direction. Trade only in alignment with the broader trend.
Entries:
Long: Green state + gray histogram rising + MFI trending up
Short: Red state + blue histogram falling + MFI trending down
Exits: Histogram crossing back through 0, or state background flips against the position.
Users can add chart alerts on plot crossings if needed.
Inputs
Lengths for oscillator pivot, signal smoothing, state moving average, trend weight, return %, and Money Flow Index. Defaults work for most charts.
Note
Educational use only. Not financial advice.
Tags
trend, oscillator, market state, momentum, money flow, crypto, forex, stocks, indices, futures
XAUUSD Lot Size Calculator + RSI (Yoothobbiz)This indicator is designed for Gold traders on the 5-minute timeframe (M5) who want a clear and editable lot size, stop loss, and take profit calculator directly on their chart.
✨ Features:
📌 Dynamic Lot Size Calculation – based on account capital, chosen risk %, and stop loss distance.
⚖️ Risk/Reward Management – automatically displays TP level using a customizable risk/reward ratio (e.g., 1:2, 1:3, etc.).
🛑 Stop Loss in Points & Price – calculates SL from recent M5 highs/lows, including spread.
🎯 Take Profit in Price & Points – automatically adjusted to your risk/reward ratio.
💵 Risk in USD – instantly shows how much capital is at risk per trade.
🕒 Custom Time Zone Support – displays the real trading time (default UTC-4 for New York), fully editable for any user.
⏱ Timeframe Label – clearly shows the working timeframe (M5 by default).
🎨 Fully Editable Display Panel:
Position (6 corners available).
Font family, size, style (bold/italic).
Text and background colors.
Adjustable spacing between lines.
🔑 How to Use:
Set your capital and risk % in the settings.
Adjust spread (in points) if needed.
Choose your risk/reward ratio.
The panel will display:
Recommended lot size for XAUUSD
Stop loss (price + points)
Take profit (price + ratio)
Risk in $
Timeframe & real-time clock
📍 Notes:
Optimized for XAUUSD (Gold) and the 5M timeframe.
Works on any asset/timeframe, but SL logic is based on M5 candle highs/lows.
Ideal for traders who want a fast and disciplined risk management tool right on their chart.
(Fixed-Range) Anchored VWAPThis "Fixed-Range Anchored VWAP" indicator allows traders full control over where the VWAP calculation begins and ends. VWAP combines both price and volume to reflect the true average price paid, often serving as a benchmark for gauging value, sentiment, and trend strength.
With this tool, traders can anchor VWAP to any candle, optionally define an end point, or keep it running forward with a single toggle. Up to three bands can be added around VWAP, either as standard deviations or percentage offsets.
How to Use
The indicator is particularly useful for analyzing VWAP around significant events, like earnings announcements or sharp price swings, to identify support, resistance, and mean-reversion opportunities.
Add the indicator and select a candle to set the Anchor.
Choose an End point or enable Cancel End for an open-ended VWAP.
Pick Std Dev or Percent for band mode.
Turn on up to three bands, adjust multipliers, and set fill colors.
Use VWAP and its bands to evaluate extensions, trend context, and fair value zones.
High Minus LowThis indicator is a simple yet powerful tool for technical analysis. It measures the range of each candlestick by calculating the difference between its high and low, providing a direct visualization of market volatility.
Key Features:
Volatility at a Glance: The plot's height in the separate panel directly corresponds to the candle's trading range, allowing you to easily spot periods of high or low volatility.
Customizable Color: Easily change the line color to match your chart's theme and personal preferences.
Actionable Insights: Use this indicator to confirm periods of market consolidation before a breakout or to gauge the strength of a trend based on the expansion of candle ranges.
LUCEO Monday Range V3LUCEO Monday Range 지표는 매주 월요일의 고점(Monday High), 저점(Monday Low), 균형값(Equilibrium)을 자동으로 표시해 주는 도구입니다.
ICT, 런던 브레이크아웃 등 월요일 범위를 기준으로 삼는 전략에 적합하며, 과거 데이터를 통해 이전 여러 주 월요일 범위를 시각화할 수 있습니다.
기능 요약:
월요일 고점(MH), 저점(ML), 균형가(EQ) 자동 표시
최대 52주까지 과거 월요일 범위 표시 가능
각 레벨 터치 시 알림 기능 지원
라벨/라인 색상, 스타일, 크기 사용자 지정 가능
주간/월간 차트에서는 자동으로 표시 비활성화
활용 예시:
월요일 고점을 상향 돌파하는 돌파 전략 분석
주간 유동성 중심 레벨인 EQ를 기준으로 방향성 판단
주요 반전 구간 탐지에 사용
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Monday Range (Lines) indicator automatically displays each Monday’s High (MH), Low (ML), and Equilibrium (EQ) levels on the chart.
It is useful for ICT-based setups, London breakout strategies, or any system that relies on weekly liquidity levels. The indicator supports visualization of up to 52 past Mondays.
Key Features:
Automatic plotting of Monday High, Low, and Equilibrium
Displays Monday ranges from multiple past weeks
Real-time alerts when price touches MH, ML, or EQ
Customizable line and label styles, colors, and sizes
Automatically disables display on weekly and monthly charts
Use Cases:
Validate London session breakout with Monday High breakout
Use EQ as a liquidity balance reference
Identify key reversal zones using weekly range extremes
RSI Divergence ProjectionRSI Divergence Projection
Go beyond traditional, lagging indicators with this advanced RSI Divergence tool. It not only identifies four types of confirmed RSI divergence but also introduces a unique, forward-looking engine. This engine spots potential divergences as they form on the current candle and then projects the exact price threshold required to validate them.
Our core innovation is the Divergence Projection Line, a clean, clutter-free visualization that extends this calculated price target into the future, providing a clear and actionable level for your trading decisions.
The Core Logic: Understanding RSI Divergence
For those new to the concept, RSI Divergence is a powerful tool used to spot potential market reversals or continuations. It occurs when the price of an asset is moving in the opposite direction of the Relative Strength Index (RSI). This indicator automatically detects and plots four key types:
Regular Bullish Divergence: Price prints a lower low, but the RSI prints a higher low. This often signals that bearish momentum is fading and a potential reversal to the upside is near.
Hidden Bullish Divergence: Price prints a higher low, but the RSI prints a lower low. This is often seen in an uptrend and can signal a continuation of the bullish move.
Regular Bearish Divergence: Price prints a higher high, but the RSI prints a lower high. This suggests that bullish momentum is weakening and a potential reversal to the downside is coming.
Hidden Bearish Divergence: Price prints a lower high, but the RSI prints a higher high. This is often seen in a downtrend and can signal a continuation of the bearish move.
Confirmed divergences are plotted with solid-colored lines on the price chart and marked with a "B" (Bearish/Bullish) or "HB" (Hidden Bearish/Hidden Bullish) label.
The Core Innovation: The Divergence Projection
This is where the indicator truly shines and sets itself apart. Instead of waiting for a pivot point to be confirmed, our engine analyzes the current, unclosed candle.
Potential Divergence Detection: When the indicator notices that the current price and RSI are setting up for a potential divergence against the last confirmed pivot, it will draw a dashed line on the chart. This gives you a critical head-start before the signal is confirmed.
The Projection Line (Our Innovation): This is the game-changer. Rather than cluttering your chart with messy labels, the indicator calculates the exact closing price the next candle needs to achieve to make the current RSI level equal to the RSI of the last pivot.
It then projects a clean, horizontal dashed line at this price level into the future.
Attached to the end of this line is a single, consolidated label that tells you the type of potential divergence and the exact threshold price.
This unique visualization transforms a vague concept into a precise, actionable price target, completely free of chart clutter.
How to Use This Indicator
1. Trading Confirmed Divergences:
Look for the solid lines and the "B" or "HB" labels that appear after a candle has closed and a pivot is confirmed.
A Regular Bullish divergence can be an entry signal for a long position, often placed after the confirmation candle closes.
A Regular Bearish divergence can be an entry signal for a short position.
Hidden Divergences can be used as confirmation to stay in a trade or to enter a trade in the direction of the prevailing trend.
2. Using the Divergence Projection for a Tactical Advantage:
When a dashed line appears on the current price action, you are seeing a potential divergence in real-time.
Look to the right of the current candle for the Projection Line. The price level of this line is your key level to watch.
Example (Potential Bullish Divergence): You see a dashed green line forming from a previous low to the current lower low. To the right, you see a horizontal line projected with a label: "Potential Bull Div | Thresh: 10,750.50".
Interpretation: This means that if the next candle closes below 10,750.50, the RSI will not be high enough to form a divergence. However, if the price pushes up and the next candle closes above 10,750.50, the bullish divergence remains intact and is more likely to be confirmed. This gives you a concrete price level to monitor for entry or exit decisions.
How the Projection Engine Works: A Deeper Dive
To fully trust this tool, it's helpful to understand the logic behind it. The projection engine is not based on guesswork or repainting; it's based on a precise mathematical reverse-engineering of the RSI formula.
The Concept: The engine calculates the "tipping point." The Threshold Price is the exact closing price at which the new RSI value would be identical to the RSI value of the previous pivot point. It answers the question: "For this potential divergence to remain valid, where does the next candle need to close?"
The Technicals: The script takes the target RSI from the last pivot, reverse-engineers the formula to find the required average gain/loss ratio, and then solves for the one unknown variable: the gain or loss needed on the next candle. This required price change is then added to or subtracted from the previous close to determine the exact threshold price.
This calculation provides the precise closing price needed to hit our target, which is then plotted as the clean and simple Projection Line on your chart.
Features and Customization
- RSI Settings: Adjust the RSI period and source.
- Divergence Detection: Fine-tune the pivot lookback periods and the min/max range for detecting divergences.
- Price Source: Choose whether to detect divergences using candle Wicks or Bodies.
- Display Toggles: Enable or disable any of the four divergence types, as well as the entire projection engine, to keep your chart as clean as you need it.
Summary of Advantages
- Proactive Signals: Get ahead of the market by seeing potential divergences before they are confirmed.
- Unprecedented Clarity: Our unique Projection Line eliminates chart clutter from overlapping labels.
- Actionable Data: The threshold price provides a specific, objective level to watch, removing guesswork.
- Fully Customizable: Tailor the indicator's settings to match any timeframe or trading strategy.
- All-in-One Tool: No need for a separate RSI indicator; everything you need is displayed directly and cleanly on the price action.
We hope this tool empowers you to make more informed and timely trading decisions. Happy trading
Custom RVGI with Zero Lineits only traditional RVGI available in trading view and its not my own. I just adding zero line for visible comfort. I am not the creater or owner of this RVGI.
ATR - Daily vs CurrentThis script provides a comprehensive view of the Average True Range (ATR) for both the current trading day and a multi-day lookback, giving traders real-time insight into volatility and potential daily price movement. Key features include:
ATR Table:
- Average ATR: 14-day ATR, representing typical daily volatility.
- Today’s ATR: Current day ATR, showing how much the price has moved so far.
- % of Avg ATR Used: Calculates the percentage of the average ATR that has been realized today, helping assess if a move is near exhaustion.
Possible Daily ATR Range Lines:
- Horizontal lines drawn from today’s open representing ±50% and ±100% of the 14-day ATR, providing a visual guide for potential price extremes.
- Lines are updated once per day and extend from the right to the left, clearly marking possible intraday range limits.
Color-coded for clarity:
- Green = +50% ATR
- Red = -50% ATR
- Lime = +100% ATR
- Maroon = -100% ATR
Usage:
- Useful for day traders and intraday scalpers to track volatility and potential price targets.
- Helps in risk management, setting stops, and estimating realistic intraday moves.
- Provides visual cues for when price has consumed a significant portion of expected daily range.
Note: ATR is a statistical measure; the lines represent possible ranges, not guaranteed targets. Daily market conditions may prevent price from reaching full ATR.
