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Bullish, Bearish, & Normal RSI1. Identifying "True" Momentum (The Aqua/Fuchsia Logic)The most useful part of this script is the comparison between the three lines.Bullish Conviction (Aqua): When both the Bullish and Bearish lines are above the Normal RSI, it suggests that even on "down" candles (red candles), the price isn't losing significant ground. The overall structure is buoyant.Bearish Conviction (Fuchsia): When both are below the Normal RSI, it indicates that even when you get "up" candles (green candles), they lack the strength to lift the average momentum. The sellers are effectively "smothering" the bounces. 2. Spotting Hidden Weakness/Strength (Spread Analysis)The "Spread" (the gap between rsiBull and rsiBear) provides a unique utility:ScenarioInterpretationUtilityWide SpreadHigh volatility and indecision. Green candles are very strong, but red candles are also very weak.Avoid trend-following; wait for a "squeeze" or narrowing.Tight SpreadHigh agreement in price action. Most candles are moving in a similar direction or with similar intensity.Great for identifying stable, trending moves with low noise.Bull/Bear CrossIf the Bullish RSI crosses above the Bearish RSI significantly.Can act as an early entry signal before the Standard RSI hits the 50-midline. 3. Practical Strategy Use CasesFilter for Breakouts: If you see a price breakout but the RSI color remains Gray, the move might lack "conviction." You ideally want to see the color flip to Aqua (for long) or Fuchsia (for short) as the breakout occurs.Exhaustion Signal: If the Normal RSI is overbought ($>70$) but the rsiBull begins to dip toward the rsiNormal, it suggests that the "green candle strength" is waning even if the price is staying high—a potential warning of a reversal.Potential Drawbacks to WatchLag: Like all RSI-based indicators, this is lagging. Because you are using a 14-period lookback on three different calculations, it may take a few bars to confirm a sentiment shift.Whipsaw in Sideways Markets: In a tight range-bound market, the color may flip between Aqua and Fuchsia rapidly, creating "noise."Pro-Tip: This indicator would be most effective when used in conjunction with Volume. If you get an "Aqua" signal on rising volume, the probability of a sustained trend is significantly higher.
Pine Script® Indikator
von GTR511
ABCD Harmonic Pattern Strategy (Bull + Bear) This script is a strategy implementation of the classic ABCD Harmonic Pattern, designed for market structure analysis, backtesting, and educational research. The ABCD pattern is one of the foundational harmonic price patterns in technical analysis. Its Fibonacci ratio relationships were formalized and standardized within harmonic trading theory by Scott M. Carney, whose work helped define modern harmonic pattern rules. This strategy is conceptually inspired by educational ABCD pattern logic shared by the TradingView author theEccentricTrader. The code, structure, execution logic, filters, and risk management have been independently developed, reconstructed, and extended into a complete TradingView strategy. What this strategy does Detects bullish and bearish ABCD harmonic patterns based on price structure and Fibonacci ratios. Reconstructs ABCD market structure logic for both directions instead of using a simple visual inversion. Draws the ABCD legs, structure labels (A, B, C, D), and projection levels directly on the chart. Generates long and short trade entries using confirmed ABCD structures. Includes optional confluence filters, such as: Higher-timeframe EMA trend filter RSI strength filter ATR volatility filter Volume confirmation Candle body confirmation Minimum bounce distance from point D Provides built-in risk management, including: Configurable Stop Loss Configurable Take Profit Optional trailing stop Designed for backtesting, parameter optimization, and analytical research. Why this strategy is different This script is not a simple indicator conversion nor a basic bullish/bearish mirror. The ABCD pattern logic has been recreated at the structural level to better reflect how bullish and bearish market formations behave in real price action. Key differences Reconstructed bullish and bearish structures Bullish and bearish ABCD patterns are independently defined using market structure logic, not just inverted visually. Each direction has its own pivot relationships and validation rules to produce a more faithful representation of the ABCD pattern. Structure-aware pattern validation Pattern confirmation is based on price swings, structure continuity, and Fibonacci alignment, helping reduce distorted or forced patterns. Strategy-based execution Unlike indicator-only ABCD tools that only visualize patterns, this script uses strategy.entry and strategy.exit, enabling full backtesting and performance analysis. Confluence-driven entries Trade entries can require multiple confirmation layers beyond the pattern itself, helping reduce low-quality signals and overtrading. Integrated risk management Stop Loss, Take Profit, and optional trailing logic are applied consistently for both long and short positions. Non-repainting design Pattern detection and entries rely on confirmed bars (barstate.isconfirmed) and higher-timeframe data with lookahead_off, ensuring signals do not repaint historically. Improved and controlled visualization Pattern drawings, projections, and entry markers are managed with strict object limits to comply with TradingView performance and publishing requirements. How to use Add the strategy to a chart and select a symbol and timeframe. Enable or disable filters under “Entry Filters (Confluence)”. Configure Stop Loss, Take Profit, and trailing behavior under “TP/SL”. Use pattern drawings and entry markers as visual and analytical confirmation, not as standalone trade signals. Important notes This script is provided for educational and research purposes only. It does not provide financial or investment advice. No profitability or performance is implied or guaranteed. Past performance does not indicate future results. Always test across multiple markets and timeframes and apply proper risk management. Credits ABCD Harmonic Pattern: Harmonic trading principles as formalized by Scott M. Carney. Conceptual inspiration: Educational ABCD pattern logic shared by @theEccentricTrader on TradingView. Pattern reconstruction, strategy logic, and risk management: Independent development.
Pine Script® Strategie
von TagsTrading
ATR Volatility Impulse Candles (Bull & Bear)This indicator highlights unusually strong momentum candles using ATR as a volatility filter. Treyding Stocks was the inspiration behind this powerful swing indicator! A candle is marked only when its body is larger than the Average True Range, meaning price moved farther than normal for that timeframe. This filters out noise and focuses attention on candles that often matter most. Lime green candles represent strong bullish impulse. They occur when price closes above the open and the candle body is larger than ATR. These candles often show aggressive buying, late-stage momentum, or exhaustion before a reversal. Blue candles represent strong bearish impulse. They occur when price closes below the open and the candle body is larger than ATR. These candles often signal aggressive selling, liquidation, stop runs, or breakdown confirmation. The indicator includes alerts for both bullish and bearish impulse candles, allowing traders to monitor multiple charts without watching them constantly. Traders commonly use this tool to identify momentum exhaustion, reversal zones, and high-impact candles near VWAP, key moving averages, or important price levels. It works on any timeframe, does not repaint, and is designed to keep the chart clean while highlighting only the most meaningful price moves. The Red (Blue) candle is very useful for swings especially on the Daily chart *When the Blue (RED) candle appears, mark the high/low, and enter when the next candle breaks /closes above it.
Pine Script® Indikator
von TheTradingGoddess
Confluence Strength Meter (Bull/Bear) [v6]This indicator provides a quantified "Strength Score" (0-5) for price action setups by measuring the confluence of five key technical drivers. It features a Strategy Mode toggle, allowing traders to instantly switch between Bullish (Long) and Bearish (Short) scoring logic. How it Works: The script analyzes the following factors to build a Confluence Score: Trend Direction: Price relation to the Slow EMA (50). EMA Stack: Fast EMA (20) vs. Slow EMA (50) alignment. Volume Sentiment: Price relation to the Intraday VWAP. Momentum: MACD vs. Signal line crossover. RSI Health: Checks for momentum in the correct direction while filtering out extreme exhaustion (Overbought/Oversold). Features: Visual Histogram: Color-coded bars (Green/Red for strong setups, Orange for moderate, Gray for weak) make it easy to spot high-confluence zones. Dual Modes: Input setting to switch the entire logic engine between Bullish and Bearish detection. Alerts: Pre-configured alert conditions for both Long and Short setups, ready for webhook integration. Usage: Look for a score of 4 or 5 (brightly colored bars) to confirm high-probability entries in the direction of your selected trend.
Pine Script® Indikator
von the_outvestor
Bullish/Bearish Movement SumThis indicator calculates and displays the cumulative sum of bullish and bearish price movements over a specified period. Features: - Green line: Cumulative sum of all bullish movements - Red line: Cumulative sum of all bearish movements (absolute value) - Blue area: Net difference (bullish - bearish) - Information table showing current values and bull/bear ratio Settings: - Calculation Period: Choose rolling window size (default: 100 bars) or 0 for cumulative from start - Calculation Mode: Choose between "Points" (absolute price changes) or "Percentage" (% changes) Use Cases: - Identify market directional strength - Compare bullish vs bearish pressure - Spot divergences between price and directional momentum - Ratio > 1 indicates more bullish than bearish movement Developed with assistance from Claude (Anthropic)
Pine Script® Indikator
von Philupup
Bull/Bear vs Base vs Index (% Change Spread)Visualizes the performance gap ("Beta Decay") between 3x Leveraged ETFs (SOXL/SOXS) and their underlying sector (SOXX), relative to the S&P 500 (SPY). This indicator is designed for traders who trade leveraged products (like SOXL/SOXS, TQQQ/SQQQ) and need to see true relative strength beyond simple price action. It calculates the percentage change over a user-defined lookback period for four instruments: Base (1x): The sector benchmark (Default: SOXX). Bull (3x): The leveraged long ETF (Default: SOXL). Bear (-3x): The leveraged inverse ETF (Default: SOXS). Index: The broad market zero-line (Default: SPY). It then plots the Spread to reveal the health of the trend: Bull Spread (Green Line): Bull % - Base % Bear Spread (Red Line): Bear % - Base % Base vs Index (Filled Area): Base % - SPY % 🧠 The Logic: Why Use Spreads? In a perfectly efficient trending market, a 3x Bull ETF should move exactly 300% of the underlying asset. However, in choppy or volatile markets, volatility decay (beta slippage) causes leveraged ETFs to underperform mathematically. Positive Spread: The leveraged ETF is successfully capturing momentum (The "Sweet Spot"). Negative Spread: The leveraged ETF is suffering from drag or the underlying asset is chopping. 📈 Recommended Trading Plan Note: This indicator works best as a filter for entry conditions, not a standalone signal. Always use proper risk management. Strategy A: The "Clean Trend" (Momentum) Goal: Enter a 3x position only when volatility drag is minimal. 1. Bull Signal: Condition 1: The Base vs Index (Area) is Green (Sector is outperforming SPY). Condition 2: The Bull Spread (Green Line) is Positive (> 0). Why: This confirms the sector is strong AND the 3x ETF is amplifying that move efficiently without decay eating the profits. 2. Bear Signal: Condition 1: The Base vs Index (Area) is Red (Sector is lagging SPY). Condition 2: The Bear Spread (Red Line) is Positive (> 0). Why: This confirms the sector is crashing and the Bear ETF is successfully capturing the downside momentum. Strategy B: The "Decay Avoidance" (Cash is King) Goal: Avoid leveraged funds during chop. Condition: If BOTH the Bull Spread and Bear Spread are Negative (< 0) (below the zero line). Action: Stay in Cash or trade the 1x underlying (SOXX) only. Why: When both spreads are negative, it mathematically proves that the market is too choppy for leverage. Both the Long and Short leveraged funds are losing value relative to the underlying asset. Features: Pine Script® v6: Updated for the latest engine performance and visuals. Dashboard Table: Real-time percentage spreads displayed directly on the chart (customizable position). Fully Customizable: Works on any sector (e.g., set inputs to QQQ/TQQQ/SQQQ for Tech). Disclaimer: Trading leveraged ETFs involves significant risk. This script is for educational purposes only.
Pine Script® Indikator
von heliav8r
20-50 EMA Bear / Bull TrendThis indicator identifies uptrends and downtrends based on confirmed EMA crossovers between the 20 EMA and 50 EMA, using candle close confirmation only to avoid false intrabar signals. • Green up arrow (↑): EMA 20 crosses above EMA 50 → bullish signal / start of an uptrend • Red down arrow (↓): EMA 20 crosses below EMA 50 → bearish signal / start of a downtrend The signals are plotted directly on the chart and can be used to create separate TradingView alerts for bullish and bearish crosses. Key features: • Visual identification of uptrends and downtrends • EMA 20 & EMA 50 plotted on the chart • Signals confirmed on candle close (non-repainting) • Clear arrow-based signals instead of text labels • Selectable alert conditions for bullish and bearish crosses • Optional support for “Any alert() function call” This indicator works on all timeframes and is suitable for trend detection, momentum shifts, and trade confirmation.
Pine Script® Indikator
von Aethem
Bull/Bear/Consolidation Zones Hariss 369This indicator helps to identify bullish, bearish, and consolidation zones using EMA and ATR-based calculations. It visually highlights zones on the chart and provides buy and sell signals with ATR-based stop-loss (SL) and take-profit (TP) levels. Key Features: EMA Trend Filter: Determines the direction of the market. Bull / Bear / Consolidation Zones: Colored zones to easily spot market phases. ATR-Based SL & TP: Automatic calculation for each trade signal. Buy / Sell Signals: Based on price relative to EMA and consolidation zones. Relative Volume (RVOL) Filter: Optional filter to trade only when volume is significant, helping reduce low-probability signals. Extended Zones: Option to extend zones forward until a breakout occurs. Customizable Inputs: EMA length, ATR length, multipliers, RVOL period & multiplier, and toggle RVOL filter. How to Use: Identify bull/bear/consolidation zones on your chart. (These are already there) You can change the line as well zone color according to your needs. Look for buy signals above EMA and consolidation zone, or sell signals below EMA and consolidation zone. The buy and sell labels are already there. Confirm with RVOL filter (optional) to ensure higher volume support. Use the plotted SL and TP levels for trade management. This tool is designed for trend-following and market structure traders who want a visual guide to high-probability trading zones combined with volume confirmation. One can also trail with EMA in trending market.
Pine Script® Indikator
von Hariss369
Bull Trend Bear Trend - Inspired By Sci the Goat Bull Trend Bear Trend - Market Structure & S/R Indicator A comprehensive swing trading indicator that identifies market structure, support/resistance zones, and trend-based entry signals for intraday and swing traders. Key Features: 📊 Market Structure Detection Automatically identifies Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), and Lower Lows (LL) Labels Equal Highs (EH) and Equal Lows (EL) for consolidation zones Clear visual labels on swing points for easy trend analysis 🎯 Dynamic Support & Resistance Detects consolidation zones where price has bounced multiple times (2+ touches) Yellow horizontal lines mark current top resistance and bottom support Focuses on most recent and relevant S/R levels to reduce chart clutter Transparent yellow bars highlight when price approaches key levels 📈 1HR Trend Analysis Real-time trend status displayed in top-right corner "BULL" (green) or "BEAR" (red) indicator based on 1hr market structure Helps align lower timeframe trades with higher timeframe trend 🎨 Visual Entry Signals Green bars + triangle arrows for buy signals (bullish market structure + momentum) Red bars + triangle arrows for sell signals (bearish market structure + momentum) Signals only trigger when trend structure aligns with momentum indicators (RSI, MACD, EMA) How To Use: Check the 1HR TREND display to know the overall market direction Wait for price to approach yellow S/R zones Look for HH/HL pattern in uptrend or LH/LL pattern in downtrend Enter on green (buy) or red (sell) signal bars with confirmation arrows Best used on 5min and 15min timeframes for entries while respecting 1hr trend Settings: Swing Lookback: Controls sensitivity of swing point detection (default: 5) S/R Lookback Period: Historical range for support/resistance (default: 20) S/R Threshold %: Distance from S/R to trigger alerts (default: 2%) Equal High/Low Threshold: Tolerance for detecting equal levels (default: 0.3%) Alerts Available: Buy Signal: Bullish market structure entry detected Sell Signal: Bearish market structure entry detected Near S/R: Price approaching major support/resistance zone Best For: Swing trading on 1hr timeframe Intraday scalping on 5min/15min with 1hr trend confirmation Identifying institutional support/resistance zones Structure-based trading strategies Note: This indicator combines multiple timeframe analysis, market structure, and momentum confirmation. Always use proper risk management and confirm signals with your trading strategy.
Pine Script® Indikator
von djyoung
Bull/Bear FVG Density RatioThis indicator tracks the directional frequency of Fair Value Gaps (FVGs) over a configurable lookback window, offering a clean, responsive measure of market imbalance. 🔍 What It Does: Detects bullish and bearish FVGs using a 3-bar displacement logic Calculates the ratio of FVGs to candles over the last N bars Plots separate density curves for bullish and bearish FVGs Includes a threshold line to help identify regime shifts (e.g., drought vs spate) 📈 How to Use: Use rising density to confirm trend strength or breakout momentum Watch for crossovers above the threshold to signal active imbalance regimes Combine with price action or volume overlays for high-confluence setups ⚙️ Inputs: Lookback Window: Number of candles used to calculate FVG density Threshold: Visual guide for regime classification (default: 0.2) This tool is ideal for traders who want to move beyond symptomatic signals and model structural causality. It pairs well with lifecycle scoring, retest velocity, and HTF overlays.
Pine Script® Indikator
von slopip
SPX Bull Market, Bear market and Corrections Since 1929 This script show visually with labels all the BULL & BEAR Market since 1929 with intermediary corrections. Bear Market = Price drop of >=20% (based on closing price not intra day low) Corrections = Price drop of >=10% and < 20% (based on closing price not intra day low, in intraday price it may go beyond 20% but closes in less than 20% ) The script doesn't update as we move forward , I need to manually update during every correction/bull/bear phases. It is a good visual to study the past bull and bear market to gain some key insights!
Pine Script® Indikator
von SaifurRahman
Bull-Bear Power ZScore - by Trading Pine Lab🇬🇧 The Bull-Bear Power ZScore Strategy is an advanced trading framework that integrates Bull-Bear Power (BBP) with a statistical Z-Score model. BBP measures the relative strength of buyers vs. sellers against an EMA baseline, while the Z-Score standardizes this relationship to detect statistically significant breakouts. This dual-layer approach provides early trend detection while reducing noise from raw momentum signals. Entries are triggered when the Z-Score crosses above or below its threshold (long above +T, short below –T). Exits occur when the Z-Score crosses back to zero, ensuring trades close when momentum fades. A dynamic multi-level take-profit system is integrated, using ATR-based targets (TP1, TP2, TP3) that automatically adapt to **volume context** (high/medium/low) and **percentile analysis** (distribution of price and volume). This ensures profit targets stretch in strong environments and tighten in weaker conditions, optimizing both risk and reward. All parameters are fully configurable: -Bull-Bear Power Settings: EMA length, Z-Score length, Z-Score threshold. -Take Profit Settings: enable/disable TP system, ATR period, TP1–TP3 multipliers, TP1–TP3 position sizes. -Volume Analysis: volume MA period, high/medium/low multipliers, adjustment factors. -Percentile Analysis: percentile lookback period, high/medium/low thresholds, adjustment factors.
Pine Script® Strategie
von trading_pine_lab
1
WaveTrend Dynamic (Lazy Bear Style)█ OVERVIEW The WaveTrend Dynamic indicator (in the style of Lazy Bear) is an advanced tool based on the Exponential Smoothing Average (ESA), which adapts to the volatility and price of a financial instrument. It is more flexible than the classic WaveTrend but shares a similar concept of bands around a main oscillator line. The indicator uses dynamic bands calculated as distances from the ESA, with their width adjustable via the "level" parameter. This allows it to be tailored to various markets, timeframes, and volatility conditions, making it easier to identify trends, reversal points, and buy/sell signals. █ CONCEPTS The WaveTrend Dynamic combines oscillator functions with trend analysis. Below, we explain the key components in a simple way, understandable even for beginner users. Core Calculations The indicator relies on the adaptive ESA and a few straightforward steps: 1 — ESA (Adaptive Average): Calculated as a smoothed average of the price (from high, low, and close, or HLC3) using the ESA Length parameter (default: 10). This number determines how many past candles are considered in the calculation. The ESA quickly responds to price changes, helping to track trends. 2 — Deviation (D): Measures how much the price deviates from the ESA, factoring in market volatility. This allows the indicator to adapt to different instruments. 3 — Price Distance Indicator (CI): Shows how far the price is from the ESA relative to market volatility. This forms the basis for the main indicator line, reacting to price movements. 4 — WT1 (WaveTrend 1): The main line, smoothing the Price Distance Indicator (CI) with the Average Length parameter (default: 21). It reflects the direction of price movement and momentum. 5 — WT2 (WaveTrend 2): A signal line that further smooths WT1 (with a period of 4). It helps confirm signals through crossovers with WT1. 6 — Bands (UpperBand and LowerBand): These form a dynamic channel around the ESA. Their width depends on the level parameter (default: 100). Wider bands result in fewer but more reliable signals. In the original WaveTrend, the oscillator bands use lower values, such as 50 or 60. To achieve classic oscillator signals (more frequent WT1/WT2 crossovers outside the bands), set the level to 50–60. Trend Identification The indicator identifies two types of trends: • Major Trend: Determined by the position of WT1 relative to the ESA. When WT1 is above the ESA, it indicates a bullish trend. When below, it signals a bearish trend. Line and fill colors reflect this trend. • Mini-Trend: Based on WT1 and WT2 crossovers. When the lines cross, they change to the same color, signaling short-term changes or reversal points. This is ideal for quick trading decisions. Visuals and Effects • WT1 and WT2 Lines: Scaled to price and displayed on the price chart for easier analysis. • Fills: Between the bands (UpperBand/LowerBand) and between WT1/WT2, with a "wave" effect that adjusts transparency based on the trend (green for bullish, red for bearish). • Signals: Three types—return-to-band, WT1/WT2 crossovers outside the bands, and crossovers inside the bands. Signals are displayed as triangles with different colors for buy and sell. █ FEATURES Detailed features of the indicator, aligned with the order of settings in the script: • Basic Parameters: ESA Length — controls ESA smoothing; Average Length — affects WT1 responsiveness; level (WT Level) — adjusts band width for signal filtering. • Display Elements: Options to show/hide ESA, bands, WT1/WT2; customizable colors for lines, fills, and the wave effect. • Signals: Three signal groups (return-to-band, crossovers outside bands, crossovers inside bands) with display and color customization options. █ HOW TO USE 1 — Add the indicator to your TradingView chart and adjust parameters: — Increase ESA Length and Average Length for low-volatility markets (e.g., stocks), or decrease for cryptocurrencies or forex. — Set level to 50–60 for classic WaveTrend signals with WT1/WT2 crossovers outside bands. The default value of 100 creates wider bands and fewer signals. 2 — Analyze trends: — Major trend (WT1 vs. ESA) shows the overall market direction. — Mini-trends (WT1/WT2 crossovers) help time short-term entries. 3 — Use signals: — Return-to-band: Buy at the lower band, sell at the upper band (mean-reversion). — Crossovers outside bands: Indicate strong momentum (with a lower level, e.g., 50). — Crossovers inside bands: Signal weaker trend changes. 4 — Combine with other tools: Use with volume, RSI, or support/resistance for better decisions. Test on historical data to optimize settings.
Pine Script® Indikator
von Uncle_the_shooter
2
Bullish & Bearish Gap Boxes with Gap Points 2025 Bullish & Bearish Gap Boxes with Gap Points & Table Functionality 2025 ## **1. Highlighted Key Points in the Code** * **Gap Detection Logic** * **Bullish Gap:** `Low >= High ` (low is above the previous high) → bullish sentiment. * **Bearish Gap:** `High <= Low ` (high is below the previous low) → bearish sentiment. * **Configurable Filters** * Minimum gap size in points (`minGapPoints`). * Option to show/hide bullish and bearish gaps individually. * Custom table position, row count, and text size for flexibility. * **Visual Marking on Chart** * **Boxes:** Drawn between gap high and low, extending to the right until price “fills” the gap. * **Labels:** Show gap size (points + %), tooltip with exact high & low. * **Automatic Gap Removal** * Bullish gap deleted when `Low <= gapBottom` (gap filled). * Bearish gap deleted when `High >= gapTop` (gap filled). * **Gap Ranking Table** * Shows **nearest** gaps to the current price, sorted by distance. * Separate bear and bull gap lists, each limited to `maxBearRows` & `maxBullRows`. * Displays type, gap size, gap %, high, and low. * Uses the current chart timeframe in the title. * **Multi-Timeframe Safe Handling** * Uses `request.security()` to fetch OHLC for the active timeframe. * Includes a function to translate timeframe into human-readable labels. --- ## **2. User Functionality** From a trader’s perspective, here’s what your script allows: Setting window divided into Two Parts for Better Handling normal & Table Section ✅ Functionality to Hide and Show_Gap_Tbl. ✅ **Detects and visually marks price gaps** automatically on any timeframe. ✅ **Extends gap zones** forward until price fills them. ✅ **Separates bullish and bearish gaps** for better decision-making. ✅ **Custom filtering** (minimum size, display toggles, table layout). ✅ **Gap watchlist table** showing only the nearest & most relevant gaps to current price. ✅ **Multi-timeframe compatibility** without repainting issues. ✅ **Clean chart control** with `max_labels_count` & `max_lines_count` limits to prevent overload. ✅ **Clean Tooltip control** with `Gap High` & `Gap Low` & Gap Range Points for Quick Understanding. --- ## **3. Why Gaps Are Important in Trading (Runaway vs. Normal Gaps)** Gaps in price are **areas with no trading activity** between two consecutive bars. They represent **imbalances between supply and demand** and often occur due to overnight news, earnings, or strong market sentiment. ### **A. Normal (Common) Gaps** * Appear in normal market moves. * Often get “filled” quickly as price reverts to the mean. * Not usually linked to major trends. * Example: A small gap on a 5-min chart due to sudden but minor news. ### **B. Runaway (Continuation) Gaps** * Happen **in the middle of strong trends** (uptrend or downtrend). * Indicate **momentum acceleration** — institutions are aggressively entering. * Rarely get filled in the short term. * Example: During a bull rally, price gaps up and never comes back to retest. --- ### **Why Traders Watch Gaps** 1. **Support & Resistance Zones** * Gaps act like **magnets** for price (gap fill targets) or **barriers** (price rejection). 2. **Trend Confirmation** * Runaway gaps signal strong momentum; traders may enter in the direction of the gap. 3. **Trade Setup Opportunities** * Fade the gap: Trade against it if expecting a fill. * Follow the gap: Trade with it if expecting continuation. 4. **Volume Confirmation** * High volume + gap = institutional activity → higher reliability.
Pine Script® Indikator
von dixitsoham7
🧠 STWP Dashboard (Bull Call Spread / Bear Put Spread)________________________________________ 🧠 STWP Options Strategy Dashboard (Bull Call Spread/ Bear Put Spread) Author: @simpletradewithpatience Markets: NSE (India) Best timeframe: 1-second chart Built with: Pine Script v5 ________________________________________ 📌 Overview A real-time options strategy dashboard tailored for NSE traders, designed for two-leg spreads: ✅ Bull Call Spread → Buy Lower Strike CE, Sell Higher Strike CE ✅ Bear Put Spread → Buy Higher Strike PE, Sell Lower Strike PE This tool gives you a real-time, color-coded visual interface with: Entry premiums & breakeven levels Live LTPs & PnL ROI & Risk: Reward Smart Exit logic Alerts for expiry, Greeks, and PnL events It’s fully manual, for educational and tracking use only — not for automated trading. ________________________________________ 📌 Key Features ✅ Track Bull Call & Bear Put Spreads ✅ Live LTP tracking via symbol input ✅ Real-time PnL, breakeven, max profit/loss ✅ ROI & Risk:Reward calculation ✅ Smart Exit logic with trade verdicts ✅ Invalidation logic with Reversal Exit ✅ Manual input of Greeks (Delta, Gamma, Theta, IV%) ✅ Greek-based alerts for Gamma Risk, IV Crush, Theta Decay ✅ Days to Expiry (DTE) tracking ✅ Fully customizable alert system ✅ Clean, emoji-labelled dashboard UI ✅ Built for Indian NSE options only ✅ Requires 1-second chart for correct data ________________________________________ 📌 Option Symbol Inputs (LTP Tracking) ✅ Long Leg Symbol (Buy): Lower strike CE (Bull Call) or higher strike PE (Bear Put) ✅ Short Leg Symbol (Sell): Higher strike CE (Bull Call) or lower strike PE (Bear Put) ✅ Symbol Tips: Use TradingView's dropdown to select NSE option symbols like NSE:RELIANCE25JUL3000CE ⚠️ Providing valid option symbols is crucial — it powers all live tracking and calculations. ________________________________________ 📌 Trade Setup Parameters Spot Price at Entry Long & Short Strike Prices Buy Price (Long Leg) Sell Price (Short Leg) Lot Size & Number of Lots Loss Bearable Amount (₹) → Used by Smart Exit logic to issue early warnings ________________________________________ 📌 Expiry Date Input Expiry Year, Month, and Day 🎯 Used to calculate Days to Expiry (DTE) and enable: ⏱️ Expiry alerts like “Less than 2 Days”, “Theta Risk”, and more 📉 Smart Exit logic adjusts based on time decay ________________________________________ 📌 Greeks (Optional) 🔹 Default Mode: Don’t Enter Greeks 🔹 Optional Mode: Enter Greeks for both legs (Delta, Gamma, Theta, IV%) 🔍 Enabling Greeks unlocks: Net Delta, Gamma, Theta, IV Greek-based warnings (e.g. Gamma Risk, Theta Risk) A dashboard Greek Verdict:  🟢 Conservative 🟡 Moderate Risk 🔴 Aggressive Risk ________________________________________ 📌 Dashboard Display 🎯 Strategy Type (Bull or Bear Spread) 📈 Entry Premiums & Live LTPs 💹 Breakeven, Max Profit/Loss, Net Premium 📊 ROI % & Risk:Reward (with verdict) 📉 Real-time PnL using tick-by-tick data 🚦 Smart Exit verdict: Hold, Exit Soon, or Book Profit 🔁 Reversal Exit Price (spread invalidation logic) 📆 Days to Expiry (DTE) 📐 Greek Data (if enabled) with Net & Average values ⚠️ Greek Risk Verdict for managing directional risk ________________________________________ 📌 Alert System (Built-in Alerts) 🎯 Target Profit Hit ❌ Max Loss Reached 🛑 Loss Bearable Limit Breached 📍 Hold Signal 📉 Book Loss / Exit Soon ⏳ Expiry Nearing ⚠️ Spread Invalidation Alert (via Reversal Price breach) 💥 High Gamma Risk (if Gamma > ±0.05) 📉 High IV Alert (if IV > 35%) 🚨 Combined Master Alert – fires if any key condition is triggered ________________________________________ 📌 Smart Exit System ⚙️ Context-aware, dynamic trade assistant ✅ Analyses real-time market, PnL, expiry risk, reversal risk ✅ Gives exit suggestions based on: Time decay Price invalidation Breach of defined loss/profit thresholds ✅ Keeps you objective — no emotional exits ________________________________________ 📌 Reversal Exit Logic 🔁 Detects directional failure in spread structure Bull Call Spread: Invalidation = Spot falls 25% of net premium below long strike Bear Put Spread: Invalidation = Spot rises 25% of net premium above short strike 📉 Alerts you to exit even before loss appears 🎯 Designed for directional traders using spread logic 💡 Acts as a breakdown or breakout filter ________________________________________ ⚠️ Important Notes ✅ Built for NSE Options – not for global exchanges ✅ Only for Bull Call & Bear Put spreads ✅ Use on 1-second chart only ❌ Will not work properly on higher timeframes ✅ Manual tool only – doesn’t place trades ✅ For educational and research use only ________________________________________ 💬 How to Use This Dashboard Choose Your Strategy  Bull Call or Bear Put Input Symbols & Strikes  Use Tradingview dropdown to select accurate NSE option symbols Enter Buy/Sell Prices  Add premiums, lot size, no. of lots (Optional) Enable Greeks  Add Delta, Gamma, Theta, IV for both legs Set Expiry Date  Year, Month, Day — activates DTE & expiry alerts Monitor Dashboard  Live PnL, Max P/L, ROI, R:R, Smart Exit, Reversal Levels (Optional) Enable Alerts  Get notified for PnL events, expiry risk, Greek risk, spread failure ________________________________________ 🤝 Final Note This tool was built with patience and care by @simpletradewithpatience to help fellow options traders trade more objectively, systematically, and confidently. Feel free to share feedback on Tradingview. Happy Trading! 📈 Stay disciplined. Stay smart. ________________________________________ 🔠 Glossary PnL – Profit & Loss LTP – Last Traded Price IV – Implied Volatility DTE – Days to Expiry ROI – Return on Investment R:R – Risk to Reward Ratio CE / PE – Call / Put Option SEBI – Securities and Exchange Board of India ________________________________________ ⚠️ Disclaimer This script is for educational and research purposes only. I am not a SEBI-registered advisor. No buy or sell recommendations are made. Trading options involves significant risk. Use proper risk management and always consult a licensed advisor if in doubt. The author is not responsible for any financial losses incurred. By using this tool, you agree to these terms. ________________________________________
Pine Script® Indikator
von simpletradewithpatience
Bull & Bear Power Separados📄 English Description for TradingView Bull & Bear Power – Elder Style This indicator displays the strength of buyers (Bull Power) and sellers (Bear Power) separately, based on Alexander Elder’s original concept. It uses a 13-period Exponential Moving Average (EMA) as the baseline, calculating: Bull Power = High – EMA Bear Power = Low – EMA ✔️ Bull Power (green) shows buying pressure. ✔️ Bear Power (red) shows selling pressure. Great for analyzing true market momentum and spotting early signs of potential trend reversals. Can be used as confirmation together with moving averages (e.g., MMA30 and MMA50) or price action signals. ✅ On 1H gold charts (XAUUSD), it has shown solid behavior in filtering entries during clear trends. Developed and shared for educational purposes by El Bit Criollo.
Pine Script® Indikator
von gastonferraro
Bull vs Bear Volume on Price ChartThis script overlays estimated bullish and bearish volume directly on the price chart, making it easy to spot buying vs. selling pressure without switching to a separate volume pane. 🔍 Features: 📈 Bullish volume markers appear as green triangles below the candle. 📉 Bearish volume markers appear as red triangles above the candle. 🔄 Optional smoothing to reduce noise using simple moving average (SMA). ⚠️ Volume spike highlights: Bullish spikes turn lime green, bearish spikes turn bright red. 🔢 Toggle labels to see estimated volume values above/below each candle. 🔄 Works on all timeframes, from intraday to weekly/monthly charts. 📐 Methodology: Bullish and bearish volume are estimated using the candle's range: More bullish volume when the close is near the high. More bearish volume when the close is near the low. This is a visual proxy, not true order flow data.
Pine Script® Indikator
von SBH
Bull vs Bear Volume (Enhanced)Bull vs Bear Volume (Enhanced) is a custom volume histogram that separates and visualizes estimated buying vs. selling volume within each candle. This allows traders to better understand market sentiment and detect imbalances in demand and supply. 🔍 What It Does: Plots bullish volume (green) above the x-axis and bearish volume (red) below. Estimates bull/bear volume by analyzing the close location within the candle's range. Highlights volume spikes with lime (bullish) or maroon (bearish) when volume exceeds a user-defined threshold. Includes an optional total volume line for added context. Supports smoothing via simple moving average (SMA) to reduce noise. 🛠️ Inputs: Toggle smoothing and set its length. Enable/disable threshold spike highlighting. Show/hide the total volume overlay. Adjust the threshold multiplier for spike detection. ⚠️ Important: This script uses a proxy method based on candle structure to estimate volume split — it does not use real-time order flow or trade direction data. Works best on liquid assets with consistent volume.
Pine Script® Indikator
von SBH
1
Bull Bear Pivot by RawstocksThe "Bull Bear Pivot" indicator is a custom Pine Script (v5) tool designed for TradingView to assist traders in identifying key price levels and pivot points on intraday charts (up to 1-hour timeframes). It combines time-based open price markers, pivot high/low detection, and candlestick visualization to provide a comprehensive view of potential support, resistance, and trend reversal levels. Below is a detailed description of the indicator’s functionality, features, and intended use. Indicator Overview: The "Bull Bear Pivot" indicator is tailored for intraday trading, focusing on specific times of the day to mark significant price levels (open prices) and detect pivot points. It plots horizontal lines at the open prices of user-defined sessions, identifies pivot highs and lows on the current chart timeframe, and overlays custom candlesticks to highlight price action. The indicator is designed to work on timeframes of 1 hour or less (e.g., 1-minute, 3-minute, 5-minute, 15-minute, 30-minute, 60-minute) and includes a warning mechanism for invalid timeframes. Key Features: Time-Based Open Price Markers: The indicator allows users to define up to five time-based sessions (e.g., 4:00 AM, 8:30 AM, 9:30 AM, 10:00 AM, and a custom time) to capture the open price at the start of each session. For each session, it plots a horizontal line at the 1-minute open price, extending from the session start to the market close at 4:00 PM EST. Each line is accompanied by a label positioned 5 bars to the right of the market close (4:00 PM EST), with the text right-aligned and vertically centered on the line. Users can enable/disable each marker, customize the session time, label text, line color, and text color via the indicator’s settings. Pivot Highs and Lows: The indicator calculates pivot highs and lows on the current chart timeframe using the ta.pivothigh and ta.pivotlow functions. Pivot highs are marked with green triangles above the bars, and pivot lows are marked with red triangles below the bars. The pivot period (lookback/lookforward) is user-configurable, allowing flexibility in detecting short-term or longer-term reversals. Custom Candlesticks: The indicator overlays custom candlesticks on the chart, colored green for bullish candles (close > open) and red for bearish candles (close < open). This feature helps visualize price action alongside the open price markers and pivot points. Timeframe Restriction: The indicator is designed to work on timeframes of 1 hour or less. If the chart timeframe exceeds 1 hour (e.g., 4-hour, daily), a warning label ("Timeframe > 1H\nIndicator Disabled") is displayed, and no elements are plotted. Customizable Appearance: Users can customize the appearance of the open price marker lines, including the line style (solid, dashed, dotted) and line width. Labels for the open price markers have no background (transparent) and use customizable text colors.
Pine Script® Indikator
von Rawstocks
Panic Drop Stock Market Bull/Bear Market Panic Drop Bull/Bear What It Does: This indicator identifies bull and bear markets for the S&P 500 (or any stock/index) using the 50-period and 150-period Simple Moving Averages (SMAs). A green background signals a confirmed bull market when the 50 SMA is above the 150 SMA and the 150 SMA slope is flat or upward. A red background signals a confirmed bear market when the 50 SMA is below the 150 SMA and the 150 SMA slope is downward. The background color persists until a new confirmed state is detected, ensuring no gaps—perfect for spotting long-term market trends whether you’re a beginner, trend trader, or long-term investor. Key Features: Plots 50 SMA (default: blue line) and 150 SMA (default: orange line). Background highlights: green for bull markets, red for bear markets. Persistent background color—no gaps during unconfirmed periods. Alerts for confirmed bull and bear market transitions. Fully adjustable: MA periods, slope lookback, and more. How to Use It: Add to your S&P 500 chart (e.g., SPX or SPY) on a daily or weekly timeframe (daily default recommended for long-term trends). Watch for background color changes: Green background: Confirmed bull market—consider long positions or holding. Red background: Confirmed bear market—consider shorting or exiting longs. Customize via settings: Adjust MA periods (default: 50 and 150). Set slope lookback (default: 5 bars) to control slope sensitivity. Change MA colors if desired. Set alerts: Right-click on the chart > "Add Alert" > Select "Bull Market Confirmed" or "Bear Market Confirmed." Trade smart: Use the background to confirm market regimes—e.g., go long during green (bull) phases above key support levels, or protect capital during red (bear) phases. Why It’s Great: Beginners: Simple background colors make market trends easy to spot. Trend Traders: 50/150 SMA crossover with slope confirmation catches major market shifts. Long-Term Investors: Persistent background ensures you stay in the trend without noise. Created by Timothy Assi (Panic Drop), eToro’s elite investor. Test it, tweak it, and trade with confidence!
Pine Script® Indikator
von Panic_Drop
Tweezer Bull Bear ## Tweezer Patterns Indicator This indicator detects and displays two candlestick patterns: Tweezer Top (Bearish) and Tweezer Bottom (Bullish). ### Features: - Detects Tweezer Top and Tweezer Bottom patterns - Uses SMA for trend detection (customizable) - Visual indicators: labels and background colors - Tooltips with pattern explanations - Configurable alerts ### Tweezer Top (Bearish): - Occurs in uptrends - Two-candle pattern: long green followed by red - Nearly identical highs - Potential bearish reversal signal ### Tweezer Bottom (Bullish): - Occurs in downtrends - Two-candle pattern: long red followed by green - Nearly identical lows - Potential bullish reversal signal ### Customization: - Choose trend detection method: SMA50 or SMA50 + SMA200 - Adjustable label colors This indicator helps traders identify potential market reversal points with clear visual cues and explanations.
Pine Script® Indikator
von SAJL10
[blackat] L2 Bull and Bear Heaven LineOVERVIEW The L2 Bull and Bear Heaven Line script is a custom indicator designed to visualize trend directions using Exponential Moving Average (EMA)-based lines and generate trade signals based on crossovers between those lines. It also incorporates an RSI-like feature to provide additional insight into overbought and oversold conditions. FEATURES Utilizes two EMAs: a longer-term "Heaven Line" (default 60 bars) and a shorter-term "Trading Line" (default 30 bars). Generates buy/sell signals based on crossovers between the "Trading Line" and "Heaven Line". Identifies potential turning points in the market, indicating shifts from bullish to bearish or vice versa. Includes an "Operation Line" similar to RSI, aiding in detecting overbought/oversold levels. HOW TO USE Add the script to your TradingView chart. Observe the crossovers between the "Trading Line" and "Heaven Line": Buy signal when the "Trading Line" crosses above the "Heaven Line". Sell signal when the "Trading Line" crosses below the "Heaven Line". Monitor the "Operation Line" for additional confirmation: Secondary sell signal when the "Operation Line" drops below 90% and there is downward price action. Complementary buy signal when the "Operation Line" rises above 10% and there is upward price action. Consider the identified trend direction and potential turning points to make informed trading decisions. LIMITATIONS The effectiveness of the signals depends on the chosen time frame and specific market conditions. False signals may occur due to volatile price movements or rapid changes in market sentiment. NOTES This script combines traditional technical analysis tools like EMAs with an RSI-like approach to enhance decision-making processes. Users should backtest the strategy under various market scenarios before implementing it in live trading. THANKS Special thanks to the contributors whose work inspired parts of this script.
Pine Script® Indikator
von blackcat1402
2