HEERA DIAMOND OPTION PROThis indicator is designed for option sellers who need trend confirmation + key intraday levels to manage risk and time entries.
It combines Daily CPR, Supertrend (10,2), and VWAP — three essential tools that help filter trades and avoid false breakouts.
⚡ Components & Role in Option Selling:
Central Pivot Range (CPR – Daily)
Defines the intraday trend bias (above bullish, below bearish).
Narrow CPR → likely trending day → avoid aggressive selling.
Wide CPR → sideways market → better for option selling (short straddle/strangle, iron condor).
Supertrend (10,2)
Provides directional bias.
For option sellers, use this as a stop-loss indicator:
Stay short OTM Calls if price trades below Supertrend (bearish).
Stay short OTM Puts if price trades above Supertrend (bullish).
VWAP (Daily Anchored)
Acts as a fair value line.
Option sellers use VWAP as a mean-reversion reference:
If price stays close to VWAP → sideways → good for selling options.
If price trends away strongly from VWAP → avoid shorting both sides (avoid straddles).
🎯 Suggested Option Selling Use:
Straddle/Strangle Selling → When price is inside CPR and close to VWAP, with Supertrend flat.
Directional Credit Spreads (Bear Call / Bull Put) → When CPR + VWAP + Supertrend align in one direction.
Avoid Selling → If CPR is narrow and market breaks strongly (high trending risk).
In den Scripts nach "supertrend" suchen
HD_DİNAMİK SEMBOL-SİNYAL TABLO (STrend + EMA(25/99) – v6.2HD_Dynamic Symbol–Signal Table (Short/Mid/Long) — SuperTrend + EMA(25/99) — v6.2
TL;DR
Invite-only indicator that builds a multi-symbol live signal table combining SuperTrend direction with EMA 25/99 state, across three timeframe groups: Short (5/15/30), Mid (45/60/120), Long (180/240/D).
Top 2 rows (e.g., BTC, ETH) always show the full 3×(ST, EMA) matrix; the remaining rows show the active group to stay lightweight. The table colors & texts are highly configurable, and the indicator emits clean alert messages you can route to webhooks (e.g., your bot).
1) What it does
Signal logic (per symbol & timeframe):
SuperTrend direction + EMA 25 vs 99 comparison.
Combination map:
ST=LONG & EMA=LONG → "LONG YAP"
ST=SHORT & EMA=SHORT → "SHORT YAP"
ST=SHORT & EMA=LONG → "SHORT/LONG YAP" (mixed)
ST=LONG & EMA=SHORT → "LONG/SHORT YAP" (mixed)
Timeframe groups
Short: 5/15/30
Mid: 45/60/120
Long: 180/240/D
Auto mode infers the group from the chart TF; Manual mode lets you pin a group.
Pinned priority rows: Row #1 and #2 (default BTC/ETH) always display all three TFs (ST & EMA pairs).
Dynamic list (rows 3–30): Shows only the active group for each symbol to stay fast and readable.
Implementation note: in this build the ST “up”/“down” plotting uses the SuperTrend dir sign convention where dir < 0 is rendered as Uptrend and dir > 0 as Downtrend in visuals. The table/alerts already normalize this into LONG/SHORT text.
2) Table, styling & filters
Placement & fonts: position, title/group/header/body font sizes.
Colors: per-cell/background for header rows, LONG/SHORT states, and distinct brand colors per symbol row (BTC=blue, ETH=amber, majors=greens, mid-caps=oranges, high-risk=reds, new/hyped=purple range).
Symbol column text: “Symbol only”, “Short+Symbol”, or “Short only”.
Filter: Show All / LONG YAP / SHORT YAP / SHORT/LONG YAP / LONG/SHORT YAP. (Pinned BTC/ETH still visible.)
3) Alerts & webhook messages
Per-row alerts: When the active TF for a row resolves on bar close, the indicator sends:
|symbol=|tf=|signal=
Example: HD_ST_EMA|symbol=BINANCE:BTCUSDT|tf=15|signal=LONG YAP
Configure the alert to Once per bar close and set a webhook URL if you want to forward to an execution bot.
Ready-made alertconditions (Robot block):
Select a single alarmSymbol and get four conditions: LONG YAP, SHORT YAP, SHORT/LONG YAP, LONG/SHORT YAP.
Chart-symbol conditions: Extra alertconditions for EMA LONG/SHORT and ST LONG/SHORT on the current chart symbol, if you also want single-symbol triggers.
4) Drawing package (optional)
SuperTrend line with Up/Down segments and trend-flip labels.
EMA 25/99 lines and cross labels.
Main mixed-state labels for the chart symbol can be toggled (LONG/SHORT & mixed cases).
5) Symbols & safety
Priority inputs (#1–2) for BTC/ETH; inputs #3–30 for your list (supports formats like BINANCE:BTCUSDT or BTCUSDT.P).
A basic format validator ignores obviously malformed tickers to avoid request errors.
request.security() powers all multi-TF/multi-symbol reads.
6) How to use
Add indicator to the chart.
Choose Auto (group follows chart TF) or pick Short/Mid/Long manually.
Fill your symbol list (rows 3–30). BTC & ETH are pinned at the top.
Set filter (or keep “All”).
(Optional) Adjust fonts/colors and the “Symbol column” text mode.
Turn Alert on; set alertPrefix if you need a specific route tag.
Create an alert on the indicator, Once per bar close, and (optionally) add a webhook URL.
7) Notes & limits
This is an indicator (no orders are placed). Use the alerts to trigger your own automation.
Designed for crypto symbols; works on other markets if your vendor supports the tickers/timeframes.
Table resizes dynamically to your active list; heavy watchlists may still be constrained by platform limits.
8) Disclaimer
Educational use only. Not financial advice. Past performance does not guarantee future results.
Changelog
v6.2 — Auto/Manual TF-grouping, pinned BTC/ETH tri-TF view, robust alert text format, color-coded priorities, safer symbol validation, ST/EMA flip labels, dynamic table sizing.
Türkçe Özet
Ne yapar?
Birden fazla sembol için SuperTrend + EMA(25/99) durumunu üç periyot grubunda (Kısa 5/15/30 – Orta 45/60/120 – Uzun 180/240/Günlük) tek tabloda gösterir.
BTC/ETH ilk iki satırda her zaman 3×(ST, EMA) birlikte görünür; diğer satırlar aktif gruba göre (performans için) tek grup gösterir.
Sinyal mantığı
İkisi de LONG → LONG YAP
İkisi de SHORT → SHORT YAP
Karışık → SHORT/LONG YAP veya LONG/SHORT YAP (ST/EMA’ya göre)
Alarm & Webhook
Satır bazlı alarm metni:
HD_ST_EMA|symbol=...|tf=...|signal=... (bar kapanışında).
“Robot” bölümünde tek bir sembol için 4 ayrı alertcondition hazır.
Grafikteki sembol için ayrıca EMA LONG/SHORT ve ST LONG/SHORT koşulları da var.
Kullanım
Otomatik/Elle grup seç;
Listeyi doldur (3–30);
Filtre/renk/yazı ayarla;
Alarmı aç ve Once per bar close ile kur; gerekiyorsa webhook URL ekle.
Not
Gösterge emir vermez; sinyalleri kendi köprüne/botuna yönlendirirsin. Yatırım tavsiyesi değildir.
AI-JX# AI-JX v3.0 指标技术分析文档 / Technical Analysis Documentation
## 1. 指标概述 / Indicator Overview
AI-JX v3.0 是一个集成了人工智能学习系统的高级技术分析指标，结合了传统技术指标与AI预测功能，提供多维度的市场分析和交易信号。该指标基于Heikin Ashi蜡烛图和SuperTrend技术，通过AI权重学习系统动态优化参数组合。
AI-JX v3.0 is an advanced technical analysis indicator that integrates an artificial intelligence learning system, combining traditional technical indicators with AI prediction capabilities to provide multi-dimensional market analysis and trading signals. The indicator is based on Heikin Ashi candlesticks and SuperTrend technology, dynamically optimizing parameter combinations through an AI weight learning system.
## 2. 核心信号系统 / Core Signal System
### 2.1 主要交易信号 / Main Trading Signals
#### AI智能买卖信号 / AI Smart Buy/Sell Signals
- **AI买入信号 / AI Buy Signal**: 当buyScore ≥ 70分且AI确认无假突破时触发 / Triggered when buyScore ≥ 70 and AI confirms no false breakout
- **AI卖出信号 / AI Sell Signal**: 当sellScore ≥ 70分且AI确认无假突破时触发 / Triggered when sellScore ≥ 70 and AI confirms no false breakout
- **信号特点 / Signal Features**: 基于多指标融合评分，具有较高的准确性 / Based on multi-indicator fusion scoring with high accuracy
#### 传统SuperTrend信号 / Traditional SuperTrend Signals
- **传统买入 / Traditional Buy**: 趋势从下降转为上升时触发 / Triggered when trend changes from down to up
- **传统卖出 / Traditional Sell**: 趋势从上升转为下降时触发 / Triggered when trend changes from up to down
- **显示方式 / Display Method**: 小尺寸标签，作为参考信号 / Small-sized labels as reference signals
### 2.2 预测性信号 / Predictive Signals
#### 预测强买信号 / Predictive Strong Buy Signal
**触发条件 / Trigger Conditions**:
- RSI < 35 (超卖 / Oversold)
- MACD线上穿信号线 / MACD line crosses above signal line
- 价格接近支撑位(距离<2.5%) / Price near support level (distance <2.5%)
- 成交量放大确认(>1.5倍均量) / Volume confirmation (>1.5x average volume)
- 无假突破向下 / No false breakout downward
#### 预测强空信号 / Predictive Strong Sell Signal
**触发条件 / Trigger Conditions**:
- RSI > 65 (超买 / Overbought)
- MACD线下穿信号线 / MACD line crosses below signal line
- 价格接近阻力位(距离<2.5%) / Price near resistance level (distance <2.5%)
- 成交量放大确认(>1.5倍均量) / Volume confirmation (>1.5x average volume)
- 无假突破向上 / No false breakout upward
### 2.3 背离信号 / Divergence Signals
#### 预测性看涨背离 / Predictive Bullish Divergence
- 价格创新低但RSI未创新低 / Price makes new low but RSI doesn't make new low
- 结合成交量和动量确认 / Combined with volume and momentum confirmation
- 提示潜在的反转机会 / Indicates potential reversal opportunity
#### 预测性看跌背离 / Predictive Bearish Divergence
- 价格创新高但RSI未创新高 / Price makes new high but RSI doesn't make new high
- 结合成交量和动量确认 / Combined with volume and momentum confirmation
- 提示潜在的顶部风险 / Indicates potential top risk
## 3. AI学习系统 / AI Learning System
### 3.1 参数组合策略 / Parameter Combination Strategies
#### 保守型组合 / Conservative Combination
- **适用场景 / Application Scenario**: 横盘震荡市场 / Sideways oscillating markets
- **RSI周期 / RSI Period**: 21
- **MACD参数 / MACD Parameters**: 12,26,9
- **ATR周期 / ATR Period**: 14
- **特点 / Features**: 稳定性高，信号较少但准确性好 / High stability, fewer signals but good accuracy
#### 激进型组合 / Aggressive Combination
- **适用场景 / Application Scenario**: 强趋势突破市场 / Strong trending breakout markets
- **RSI周期 / RSI Period**: 12
- **MACD参数 / MACD Parameters**: 6,21,5
- **ATR周期 / ATR Period**: 10
- **特点 / Features**: 敏感性高，信号较多但需要过滤 / High sensitivity, more signals but require filtering
#### 平衡型组合 / Balanced Combination
- **适用场景 / Application Scenario**: 通用市场环境 / General market conditions
- **RSI周期 / RSI Period**: 17
- **MACD参数 / MACD Parameters**: 10,24,7
- **ATR周期 / ATR Period**: 12
- **特点 / Features**: 平衡敏感性和稳定性 / Balances sensitivity and stability
### 3.2 权重自适应调整 / Adaptive Weight Adjustment
- **学习机制 / Learning Mechanism**: 基于历史交易表现动态调整权重 / Dynamically adjusts weights based on historical trading performance
- **最小学习交易数 / Minimum Learning Trades**: 20笔 / 20 trades
- **学习速率 / Learning Rate**: 0.1 (可调 / adjustable)
- **记忆长度 / Memory Length**: 100笔交易 / 100 trades
## 4. 市场状态识别 / Market State Recognition
### 4.1 市场模式分类 / Market Pattern Classification
- **强趋势突破 / Strong Trend Breakout**: 波动率>1.5且趋势强度>5% / Volatility >1.5 and trend strength >5%
- **横盘震荡 / Sideways Oscillation**: 波动率<0.7且趋势强度<2% / Volatility <0.7 and trend strength <2%
- **上升趋势 / Uptrend**: 20日涨幅>3% / 20-day gain >3%
- **下降趋势 / Downtrend**: 20日跌幅>3% / 20-day decline >3%
- **弱势整理 / Weak Consolidation**: 其他情况 / Other conditions
### 4.2 支撑阻力分析 / Support and Resistance Analysis
#### 动态支撑阻力 / Dynamic Support and Resistance
- **计算方式 / Calculation Method**: 基于历史高低点统计 / Based on historical high/low statistics
- **强度分级 / Strength Classification**: 强/中等/弱 (基于触及次数) / Strong/Medium/Weak (based on touch count)
- **有效性 / Validity**: 价格偏差<0.2%认定为有效触及 / Price deviation <0.2% considered valid touch
#### 斐波那契关键位 / Fibonacci Key Levels
- **23.6%回撤位 / 23.6% Retracement**
- **38.2%回撤位 / 38.2% Retracement**
- **50.0%回撤位 / 50.0% Retracement**
- **61.8%回撤位 / 61.8% Retracement**
- **78.6%回撤位 / 78.6% Retracement**
## 5. 风险控制机制 / Risk Control Mechanisms
### 5.1 假突破识别 / False Breakout Identification
#### 向上假突破 / Upward False Breakout
- 价格突破阻力位后快速回落 / Price breaks resistance then quickly falls back
- 成交量萎缩(<0.8倍均量) / Volume shrinks (<0.8x average volume)
- 自动过滤相关买入信号 / Automatically filters related buy signals
#### 向下假突破 / Downward False Breakout
- 价格跌破支撑位后快速反弹 / Price breaks support then quickly rebounds
- 成交量萎缩(<0.8倍均量) / Volume shrinks (<0.8x average volume)
- 自动过滤相关卖出信号 / Automatically filters related sell signals
### 5.2 多时间框架验证 / Multi-Timeframe Validation
- **时间框架1 / Timeframe 1**: 5分钟 / 5 minutes
- **时间框架2 / Timeframe 2**: 15分钟 / 15 minutes
- **时间框架3 / Timeframe 3**: 60分钟 / 60 minutes
- **一致性要求 / Consistency Requirement**: 三个时间框架趋势方向一致时信号更可靠 / Signals are more reliable when all three timeframes show consistent trend direction
## 6. AI预测功能 / AI Prediction Features
### 6.1 趋势预测系统 / Trend Prediction System
#### 预测评分机制 / Prediction Scoring Mechanism
- **多时间框架一致性 / Multi-Timeframe Consistency**: 30分 / 30 points
- **价格动量分析 / Price Momentum Analysis**: 25分 / 25 points
- **成交量确认 / Volume Confirmation**: 20分 / 20 points
- **支撑阻力位置 / Support/Resistance Position**: 25分 / 25 points
#### 预测结果分类 / Prediction Result Classification
- **强烈看涨 / Strong Bullish**: 评分>80 / Score >80
- **温和看涨 / Moderate Bullish**: 评分60-80 / Score 60-80
- **震荡 / Sideways**: 评分40-60 / Score 40-60
- **温和看跌 / Moderate Bearish**: 评分20-40 / Score 20-40
- **强烈看跌 / Strong Bearish**: 评分<20 / Score <20
### 6.2 智能点位识别 / Smart Level Identification
#### 最佳做多点位 / Optimal Long Entry Points
- 基于支撑位和斐波那契回撤 / Based on support levels and Fibonacci retracements
- 结合RSI超卖和MACD金叉 / Combined with RSI oversold and MACD golden cross
- 提供具体价位和置信度 / Provides specific price levels and confidence scores
#### 最佳做空点位 / Optimal Short Entry Points
- 基于阻力位和斐波那契回撤 / Based on resistance levels and Fibonacci retracements
- 结合RSI超买和MACD死叉 / Combined with RSI overbought and MACD death cross
- 提供具体价位和置信度 / Provides specific price levels and confidence scores
## 7. 使用建议 / Usage Recommendations
### 7.1 信号优先级 / Signal Priority
1. **最高优先级 / Highest Priority**: AI智能信号(评分≥70) / AI smart signals (score ≥70)
2. **高优先级 / High Priority**: 预测性信号+多时间框架确认 / Predictive signals + multi-timeframe confirmation
3. **中等优先级 / Medium Priority**: 传统SuperTrend信号 / Traditional SuperTrend signals
4. **参考级别 / Reference Level**: 背离信号和支撑阻力提示 / Divergence signals and support/resistance hints
### 7.2 参数设置建议 / Parameter Setting Recommendations
#### 新手用户 / Beginner Users
- 启用AI学习系统 / Enable AI learning system
- 使用平衡型组合 / Use balanced combination
- 关注预测性信号 / Focus on predictive signals
- 重视风险控制 / Emphasize risk control
#### 经验用户 / Experienced Users
- 根据市场环境选择组合 / Choose combinations based on market conditions
- 结合多时间框架分析 / Combine multi-timeframe analysis
- 自定义学习参数 / Customize learning parameters
- 灵活运用各类信号 / Flexibly use various signal types
### 7.3 风险提示 / Risk Warnings
- **AI学习需要时间 / AI Learning Takes Time**: 至少20笔交易后才开始有效学习 / Effective learning starts after at least 20 trades
- **市场环境变化 / Market Environment Changes**: 需要定期重新训练AI系统 / AI system needs periodic retraining
- **信号延迟 / Signal Delay**: 部分信号可能存在1-2根K线的延迟 / Some signals may have 1-2 candlestick delay
- **假信号风险 / False Signal Risk**: 震荡市场中可能产生较多假信号 / May generate more false signals in choppy markets
- **过度优化 / Over-optimization**: 避免频繁调整参数导致过拟合 / Avoid frequent parameter adjustments causing overfitting
## 8. 显示面板说明 / Display Panel Description
### 8.1 AI统计面板 / AI Statistics Panel
显示内容包括 / Display contents include:
- 风险等级和买卖评分 / Risk level and buy/sell scores
- 市场状态和波动率 / Market state and volatility
- RSI当前值 / Current RSI value
- AI趋势预测和置信度 / AI trend prediction and confidence
- 最佳入场点位 / Optimal entry points
- 交易机会评估 / Trading opportunity assessment
- AI准确率统计 / AI accuracy statistics
### 8.2 AI预测信息面板 / AI Prediction Information Panel
显示内容包括 / Display contents include:
- 趋势方向和置信度 / Trend direction and confidence
- 价格目标位 / Price target levels
- 最佳做多/做空点位 / Optimal long/short entry points
- 交易机会类型 / Trading opportunity type
- 入场时机建议 / Entry timing recommendations
- 市场情绪分析 / Market sentiment analysis
- 价格形态识别 / Price pattern recognition
## 9. 总结 / Summary
AI-JX v3.0指标通过集成多种技术分析方法和AI学习能力，为交易者提供了一个全面的市场分析工具。其核心优势在于:
The AI-JX v3.0 indicator provides traders with a comprehensive market analysis tool by integrating various technical analysis methods and AI learning capabilities. Its core advantages include:
- **智能化 / Intelligence**: AI自动学习和优化参数 / AI automatically learns and optimizes parameters
- **多维度 / Multi-dimensional**: 结合趋势、动量、支撑阻力等多个维度 / Combines trend, momentum, support/resistance and other dimensions
- **预测性 / Predictive**: 提供前瞻性的市场预测 / Provides forward-looking market predictions
- **风险控制 / Risk Control**: 内置假突破识别和多重确认机制 / Built-in false breakout identification and multiple confirmation mechanisms
建议交易者在使用时结合自身交易风格和市场环境，合理设置参数，并注意风险管理。
It is recommended that traders combine their own trading style and market environment when using this indicator, set parameters reasonably, and pay attention to risk management.
Momentum_EMABand📢 Reposting Notice
I am reposting this script because my earlier submission was hidden due to description requirements under TradingView’s House Rules. This updated version fully explains the originality, the reason for combining these indicators, and how they work together. Follow me for future updates and refinements.
🆕 Momentum EMA Band, Rule-Based System
Momentum EMA Band is not just a mashup — it is a purpose-built trading tool for intraday traders and scalpers that integrates three complementary technical concepts into a single rules-based breakout & retest framework.
Originality comes from the specific sequence and interaction of these three filters:
Supertrend → Sets directional bias.
EMA Band breakout with retest logic → Times precise entries.
ADX filter → Confirms momentum strength and avoids noise.
This system is designed to filter out weak setups and false breakouts that standalone indicators often fail to avoid.
🔧 How the Indicator Works — Combined Logic
1️⃣ EMA Price Band — Dynamic Zone Visualization
Plots upper & lower EMA bands (default: 9-period EMA).
Green Band → Price above upper EMA = bullish momentum
Red Band → Price below lower EMA = bearish pressure
Yellow Band → Price within band = neutral zone
Acts as a consolidation zone and breakout trigger level.
2️⃣ Supertrend Overlay — Reliable Trend Confirmation
ATR-based Supertrend adapts to volatility:
Green Line = Uptrend bias
Red Line = Downtrend bias
Ensures trades align with the prevailing trend.
3️⃣ ADX-Based No-Trade Zone — Choppy Market Filter
Manual ADX calculation (default: length 14).
If ADX < threshold (default: 20) and price is inside EMA Band → gray background marks low-momentum zones.
🧩 Why This Mashup Works
Supertrend confirms trend direction.
EMA Band breakout & retest validates the breakout’s strength.
ADX ensures the market has enough trend momentum.
When all align, entries are higher probability and whipsaws are reduced.
📈 Example Trade Walkthrough
Scenario: 5-minute chart, ADX threshold = 20.
Supertrend turns green → trend bias is bullish.
Price consolidates inside the yellow EMA Band.
ADX rises above 20 → trend momentum confirmed.
Price closes above the green EMA Band after retesting the band as support.
Entry triggered on candle close, stop below band, target based on risk-reward.
Exit when Supertrend flips red or ADX momentum drops.
This sequence prevents premature entries, keeps trades aligned with trend, and avoids ranging markets.
🎯 Key Features
✅ Multi-layered confirmation for precision trading
✅ Built-in no-trade zone filter
✅ Fully customizable parameters
✅ Clean visuals for quick decision-making
⚠ Disclaimer: This is Version 1. Educational purposes only. Always use with risk management.
Kalman Step Signals [AlgoAlpha]Take your trading to the next level with the Kalman Step Signals indicator by AlgoAlpha! This advanced tool combines the power of Kalman Filtering and the Supertrend indicator, offering a unique perspective on market trends and price movements. Designed for traders who seek clarity and precision in identifying trend shifts and potential trade entries, this indicator is packed with customizable features to suit your trading style.
Key Features
🔍 Kalman Filter Smoothing : Dynamically smooths price data with user-defined parameters for Alpha, Beta, and Period, optimizing responsiveness and trend clarity.
📊 Supertrend Overlay : Incorporates a classic Supertrend indicator to provide clear visual cues for trend direction and potential reversals.
🎨 Customizable Appearance : Adjust colors for bullish and bearish trends, along with optional exit bands for more nuanced analysis.
🔔 Smart Alerts : Detect key moments like trend changes or rejection entries for timely trading decisions.
📈 Advanced Visualization : Includes optional entry signals, exit bands, and rejection markers to pinpoint optimal trading opportunities.
How to Use
Add the Indicator : Add the script to your TradingView favorites. Customize inputs like Kalman parameters (Alpha, Beta, Period) and Supertrend settings (Factor, ATR Period) based on your trading strategy.
Interpret the Signals : Watch for trend direction changes using Supertrend lines and directional markers. Utilize rejection entries to identify price rejections at trendlines for precision entry points.
Set Alerts : Enable the built-in alert conditions for trend changes or rejection entries to act swiftly on trading opportunities without constant chart monitoring.
How It Works
The indicator leverages a Kalman Filter to smooth raw price data, balancing responsiveness and noise reduction using user-controlled parameters. This refined price data is then fed into a Supertrend calculation, combining ATR-based volatility analysis with dynamic upper and lower bands. The result is a clear and reliable trend-detection system. Additionally, it features rejection markers for bullish and bearish reversals when prices reject the trendline, along with exit bands to visualize potential price targets. The integration of customizable alerts ensures traders never miss critical market moves.
Add the Kalman Step Signals to your TradingView charts today and enjoy a smarter, more efficient trading experience! 🚀🌟
Auto Signal Buy/SellAuto Signal Buy/Sell with Time Filter and Dynamic ZLEMA (GMT+2) 🌟
Are you looking for an indicator that combines efficiency and simplicity while integrating advanced elements like SuperTrend, ZLEMA (Zero Lag EMA), and a MACD DEMA for clear and precise buy/sell signals? 📈 Introducing Auto Signal Buy/Sell, the ultimate indicator designed for intraday and swing traders, optimized for market hours in GMT+2.
🛠️ Key Features:
- **Advanced SuperTrend**: Follow the dominant trend with a robust SuperTrend, adjustable to your preferences (customizable multiplier and period).
- **Dynamic ZLEMA**: Get a zero-lag EMA curve with a visual signal. Additionally, the ZLEMA turns blue when it’s nearly flat, helping you easily spot market consolidation phases.
- **MACD DEMA**: An enhanced version of the traditional MACD, using the Double EMA to capture more responsive buy/sell cross signals. 📊
- **Buy/Sell Signals**: Visual arrows clearly indicate potential entry and exit points on your chart, filtered by MACD crossovers and the SuperTrend trend.
- **Smart Time Filter (GMT+2)**: This script adapts to trading hours (customizable) and only displays signals during trading hours. The background turns light blue when the market is closed, preventing confusion during inactivity periods. 🕒
⚙️ Full Customization:
- Adjustable trading hours (default 9 AM to 5 PM in GMT+2) with dynamic background indicating when markets are closed.
- Flexible settings for SuperTrend, ZLEMA, and MACD DEMA to suit any strategy.
🎯 Why Choose This Indicator?
- Optimized for maximum precision with advanced algorithms like ZLEMA and DEMA.
- Easy to use: it provides clear, visual signals directly on the chart—no need to decipher complex indicators.
- A complete intraday and swing indicator that combines trend analysis and signal filtering with precise market hours.
🚀 Boost Your Trading!
Add this indicator to your toolkit and enhance your decision-making. Thanks to its intuitive interface and clear visual signals, you can trade with confidence. 💡
Don't forget to like 👍 and comment if you find this indicator useful! Your feedback helps us continue improving such tools. 🚀
📌 How to Use:
1. Add the indicator to your chart.
2. Adjust the SuperTrend and ZLEMA settings to suit your needs.
3. Follow the buy/sell signals and watch for the light blue background outside of trading hours.
4. Trade effectively and stay in control, even during consolidation phases.
MidnightQuant Buy/Exit SignalsThe MidnightQuant Indicator is a sophisticated trend-following tool designed for traders seeking an edge in market analysis through a multi-symbol, multi-timeframe approach. Built on an enhanced Supertrend algorithm, this indicator goes beyond traditional trend-following methods by integrating advanced features that cater to both novice and experienced traders. Its unique design provides comprehensive market insights, empowering traders to make informed decisions with confidence.
Keep in mind that it was tested mainly with higher timeframes, 4H, 1D, 1W.
Overview:
MidnightQuant is specifically engineered to simplify the complexity of market analysis by monitoring and analyzing multiple currency pairs simultaneously. It combines trend detection, reversal signals, and a user-friendly dashboard to present a holistic view of market conditions. Whether you're trading a single asset or managing a portfolio, MidnightQuant delivers actionable insights in real-time.
Key Features:
Multi-Symbol Trend Analysis:
MidnightQuant's most distinguishing feature is its ability to track and analyze up to ten different currency pairs simultaneously. Unlike traditional indicators that focus on a single asset, this multi-symbol capability provides a broader view of market dynamics, allowing traders to identify correlations and divergences across various pairs. This is particularly useful for traders who want to confirm the strength of a trend across different markets before making a trading decision.
Enhanced Supertrend Algorithm:
At the core of MidnightQuant lies an optimized Supertrend algorithm that has been fine-tuned for both accuracy and responsiveness. The algorithm calculates trend directions by factoring in average true range (ATR) data, which helps in identifying significant price movements while filtering out market noise. This results in more reliable trend detection and fewer false signals, making it a powerful tool for trend-following strategies.
Intuitive Dashboard Display:
The MidnightQuant dashboard is designed to centralize critical information, making it accessible at a glance. It displays four key columns: Potential Reversals, Confirmed Reversals, Bullish Trends, and Bearish Trends. Each column provides a quick summary of the current market state for all tracked symbols, allowing traders to see where potential opportunities lie. This streamlined presentation reduces the need for constant chart monitoring and helps traders focus on the most promising setups.
Visual Signals and Candlestick Integration:
MidnightQuant enhances chart readability by incorporating visual signals directly on the price chart. Buy and sell signals are clearly marked at points where trend reversals are detected, providing immediate entry and exit cues. Additionally, the indicator color-codes candlesticks according to the current trend direction—purple for bullish and light lavender for bearish—enabling traders to instantly gauge market sentiment.
Customizable Alerts:
The indicator includes flexible alert conditions that can be customized according to your trading preferences. Alerts are triggered for trend direction changes, providing timely notifications for potential buy or sell opportunities. This feature is invaluable for traders who need to stay informed of market movements even when they are not actively monitoring their charts.
Trend Reversal Detection:
One of MidnightQuant's core functionalities is its ability to detect and signal trend reversals. The indicator monitors changes in the trend direction with precision, helping traders to identify potential turning points in the market. This feature is particularly useful for swing traders and those who aim to capitalize on shifts in market momentum.
Customizable Settings:
The indicator comes with various settings that allow traders to tailor it to their specific needs. From selecting which symbols to track to adjusting the sensitivity of the Supertrend algorithm, users have full control over how the indicator behaves. This customization ensures that MidnightQuant can be adapted to different trading styles and strategies.
How It Works:
MidnightQuant uses a proprietary calculation based on the Supertrend algorithm, which leverages ATR to dynamically adjust to market volatility. The indicator tracks the midpoint of each trading range and applies a factor that defines the threshold for trend changes. When the closing price crosses this threshold, a new trend is identified, and corresponding signals are generated.
The multi-symbol feature is powered by the request.security function, which allows MidnightQuant to pull in data from multiple symbols and timeframes. This data is then processed through the Supertrend algorithm to determine the trend direction for each symbol, which is subsequently displayed on the dashboard.
The indicator also includes a built-in dashboard that provides a summarized view of market conditions, including potential and confirmed reversals, as well as current trend directions. This dashboard updates in real-time, giving traders a continuously updated snapshot of market sentiment across multiple assets.
Use Cases:
Swing Traders: The trend reversal detection and real-time alerts help swing traders identify potential entry and exit points, making it easier to capitalize on market swings.
Multi-Timeframe (MTF) Dashboard by RiTzMulti-Timeframe Dashboard
Shows values of different Indiactors on Multiple-Timeframes for the selected script/symbol
VWAP : if LTP is trading above VWAP then Bullish else if LTP is trading below VWAP then Bearish.
ST(21,1) : if LTP is trading above Supertrend (21,1) then Bullish , else if LTP is trading below Supertrend (21,1) then Bearish.
ST(14,2) : if LTP is trading above Supertrend (14,2) then Bullish , else if LTP is trading below Supertrend (14,2) then Bearish.
ST(10,3) : if LTP is trading above Supertrend (10,3) then Bullish , else if LTP is trading below Supertrend (10,3) then Bearish.
RSI(14) : Shows value of RSI (14) for the current timeframe.
ADX : if ADX is > 75 and DI+ > DI- then "Bullish ++".
if ADX is < 75 but >50 and DI+ > DI- then "Bullish +".
if ADX is < 50 but > 25 and DI+ > DI- then "Bullish".
if ADX is above 75 and DI- > DI+ then "Bearish ++".
if ADX is < 75 but > 50 and DI- > DI+ then "Bearish+".
if ADX is < 50 but > 25 and DI- > DI+ then "Bearish".
if ADX is < 25 then "Neutral".
MACD : if MACD line is above Signal Line then "Bullish", else if MACD line is below Signal Line then "Bearish".
PH-PL : "< PH > PL" means LTP is trading between Previous Timeframes High(PH) & Previous Timeframes Low(PL) which indicates Rangebound-ness.
"> PH" means LTP is trading above Previous Timeframes High(PH) which indicates Bullish-ness.
"< PL" means LTP is trading below Previous Timeframes Low(PL) which indicates Bearish-ness.
Alligator : If Lips > Teeth > Jaw then Bullish.
If Lips < Teeth < Jaw then Bearish.
If Lips > Teeth and Teeth < Jaw then Neutral/Sleeping.
If Lips < Teeth and Teeth > Jaw then Neutral/Sleeping.
Settings :
Style settings :-
Dashboard Location: Location of the dashboard on the chart
Dashboard Size: Size of the dashboard on the chart
Bullish Cell Color: Select the color of cell whose value is showing Bullish-ness.
Bearish Cell Color: Select the color of cell whose value is showing Bearish-ness.
Neutral Cell Color: Select the color of cell whose value is showing Rangebound-ness.
Cell Transparency: Select Transparency of cell.
Column Settings :-
You can select which Indicators values should be displayed/hidden.
Timeframe Settings :-
You can select which timeframes values should be displayed/hidden.
Note :- I'm not a pro Developer/Coder , so if there are any mistakes or any suggestions for improvements in the code then do let me know!
Note :- Use in Live market , might show wrong values for timeframes other than current timeframe in closed market!!
Nifty / Banknifty Dashboard by RiTzNifty / Banknifty Dashboard :
Shows Values of different Indicators on current Timeframe for the selected Index & it's main constituents according to weightage in index.
customized for Nifty & Banknifty (You can customize it according to your needs for the markets/indexes you trade in)
Interpretation :-
VWAP : if LTP is trading above VWAP then Bullish else if LTP is trading below VWAP then Bearish.
ST(21,1) : if LTP is trading above Supertrend (21,1) then Bullish , else if LTP is trading below Supertrend (21,1) then Bearish.
ST(14,2) : if LTP is trading above Supertrend (14,2) then Bullish , else if LTP is trading below Supertrend (14,2) then Bearish.
ST(10,3) : if LTP is trading above Supertrend (10,3) then Bullish , else if LTP is trading below Supertrend (10,3) then Bearish.
RSI(14) : Shows value of RSI (14) for the current timeframe.
ADX : if ADX is > 75 and DI+ > DI- then "Bullish ++".
if ADX is < 75 but >50 and DI+ > DI- then "Bullish +".
if ADX is < 50 but > 25 and DI+ > DI- then "Bullish".
if ADX is above 75 and DI- > DI+ then "Bearish ++".
if ADX is < 75 but > 50 and DI- > DI+ then "Bearish+".
if ADX is < 50 but > 25 and DI- > DI+ then "Bearish".
if ADX is < 25 then "Neutral".
MACD : if MACD line is above Signal Line then "Bullish", else if MACD line is below Signal Line then "Bearish".
PDH-PDL : "< PDH > PDL" means LTP is trading between Previous Days High(PDH) & Previous Days Low(PDL) which indicates Rangebound-ness.
"> PDH" means LTP is trading above Previous Days High(PDH) which indicates Bullish-ness.
"< PDL" means LTP is trading below Previous Days Low(PDL) which indicates Bearish-ness.
Alligator : If Lips > Teeth > Jaw then Bullish.
If Lips < Teeth < Jaw then Bearish.
If Lips > Teeth and Teeth < Jaw then Neutral/Sleeping.
If Lips < Teeth and Teeth > Jaw then Neutral/Sleeping.
Settings :
Style settings :-
Dashboard Location: Location of the dashboard on the chart
Dashboard Size: Size of the dashboard on the chart
Bullish Cell Color: Select the color of cell whose value is showing Bullish-ness.
Bearish Cell Color: Select the color of cell whose value is showing Bearish-ness.
Neutral Cell Color: Select the color of cell whose value is showing Rangebound-ness.
Cell Transparency: Select Transparency of cell.
Columns Settings :-
You can select which Indicators values should be displayed/hidden.
Rows Settings :-
You can select which Stocks/Symbols values should be displayed/hidden.
Symbol Settings :-
Here you can select the Index & Stocks/Symbols
Dashboard for Index : select Nifty/Banknifty
if you select Nifty then Nifty spot, Nifty current Futures and the stocks with most weightage in Nifty index will be displayed on the Dashboard/Table.
if you select Banknifty then Banknifty spot, Banknifty current Futures and the stocks with most weightage in Banknifty index will be displayed on the Dashboard/Table.
You can Customise it according to your needs, you can choose any Symbols you want to use.
Note :- This is inspired from "RankDelta" by AsitPati and "Nifty and Bank Nifty Dashboard v2" by cvsk123 (Both these scripts are closed source!)
I'm not a pro Developer/Coder , so if there are any mistakes or any suggestions for improvements in the code then do let me know!
[blackcat] L5 Banker Fund Flow Trend Oscillator X Level: 5
Background
The large funds or banker fund are often referred to as Whale. Whale can have a significant impact on the price movements in various markets, especially in cryptocurrency . Therefore, how to monitor Whale trends is of great significance both in terms of fundamentals and technical aspects. I had published (blackcat1402) L3 Banker Fund Flow Trend Oscillator as open sourced version. Since this indicator is one of the most popular indicators in my collections. Many requested advanced features and improvements on accuracy. Here is the link of free version of L3 Banker Fund Flow Trend Oscillator:
Function
L5 Banker Fund Flow Trend Oscillator X can give you a model of complete banker fund flow operation in cycles. Compared to L3 free and open source version, it contains more advanced algorithms to provide entries. It is comprehensive to disclose the price trend with dynamic overbought and oversold tables. Compared to L4, which is also powerful, but they are using different banker fund engines. L4 is more suitable for those who have been used to L3 already. L5 is slightly different in visual effect and algorithm core, which is much different to L4 and L3. It can depict much clearer trajectory of banker fund as an oscillator. That is the reason why I list this as Level 5, which is closed source and invited-only. Unlike L4, whose cycle of banker fund flow may have 5 steps in max as entry, increase position, decrease position, exit, and weak rebound for exit, L5 only have buy and sell signal with a customized entry signal filter to filter out crowded entry signals.
This indicator derives from "(blackcat) L3 Banker Fund Flow Trend Oscillator". Therefore, it is an oscillator indicator with overbought and oversold threshold levels. However, it combine several novel indicators together but mainly focus on Whale Jump (Whale Pump and Whale Dump), Blackcat1402 featured supertrend indicator (entry signal = supertrend && oscillator signal), trading risk assessment indicator.
In case you are not familiar my indicators:
(blackcat) L5 Whales Jump Out of Ocean X:
(blackcat) L1 Trading Risk Assessment Indicator (I inverted it in this indicator here):
(blackcat) L4 Banker Fund Flow Trend Oscillator:
Indicator Set
Banker Fund Flow Trend Oscillator X, providing swing oscillator and entry signal.
Blackcat1402 Featured Supertrend, providing colors (green for bull and red for bear) on CurrentSafetyLevel of "Trading Risk Assessment Indicator".
Whales Jump Out of Ocean X, whale pumps and dumps
Trading Risk Assessment Indicator, output CurrentSafetyLevel, which is a large time frame oscillator ranging from overbought and oversold zones.
Inputs
EntryFiltPeriod --> Entry Signal Filter Period, default value is 5, which means crowded entry signal in future 5 bars will be ignored.
Safe Bottom --> User defined safe bottom threshold.
Risky Top --> User defined risky top threshold.
Oscillator Center --> define the center value of Oscillator X, which will influence long entry signal generation
Whale Scaler --> A scaling factor input to see whale dumps and pump more clearly in vision.
The other inputs --> Oscillator divergence inputs.
Golden Cross --> According to community feedbacks, popular L3 Yellow Candles for Banker Fund Entry are added Now. It is represented as a Yellow Cross and You can activate and deactivate them in indicator settings.
Dynamic OS/OB tables --> They are hidden commonly but appear only when OB or OS is happening on top right corner or bottom right corner respectively. Values are visiable for you to judge instant trend reversals.
Key Signal
Yellow bars --> Oscillator long
Fuchsia bars --> Oscillator short
Green columns --> CurrentSafetyLevel values and Supertrend long
Red columns --> CurrentSafetyLevel values and Supertrend short
Fuchsia Zone --> Overbought region
Yellow Zone --> Oversold region
Buy-Sell Labels --> "AND" output of Supertrend and Oscillator Entry Signal: Green for "Buy" and Red for "Sell".
Bull-Bear Labels --> Oscillator divergence signal: Yellow for "Bull" and Fuchsia for "Bear".
Long Whales / Banker Pump--> fuchsia and red stick bars (Motive waves with fuchsia color; corrective waves with red color)
Short Whales / Banker Dump --> yellow and red green stick bars (Motive waves with yellow color; corrective waves with green color)
Pros and Cons
Suitable for discretionary trading and auto trading with alerts.
Intuitive and effective, the output signal is more reliable after multi-indicator resonance.
Remarks
My first L5 indicator published
Closed-source
Invite-only
Subscription
500 Tradingview Coins per Monthly Sub.
500X10 Tradingview Coins per Yearly Sub.
Simple indexThis script is a Supertrend indicator with enhanced features, designed to provide clear trend signals using ATR-based calculations. It separates positive and negative ATR components and applies a fixed EMA smoothing. The multiplier and delayed/sticky mode are fixed to ensure consistent signals across all users.
🔹 Key Features
Uses fixed EMA for ATR smoothing.
Separately calculates positive and negative ATR for improved trend detection.
All Supertrend parameters are fixed, ensuring identical signals for all users.
Plots Supertrend line (red/green) and direction data for easy visual reference.
🔹 How It Works
Computes ATR separately for bullish and bearish periods.
Applies fixed EMA smoothing.
Calculates dynamic buy/sell stops to signal trend changes.
🔹 Usage / Trade Guidance
Red Supertrend line → Consider entering long (buy) positions.
Green Supertrend line → Consider entering short (sell) positions.
Works best on multiple timeframes; suitable for swing trading, position trading, or as a filter for intraday setups.
🔹 Advantages
Separates positive and negative ATR contributions to reduce false signals.
Fixed parameters ensure consistent signals across all users.
Includes built-in alert conditions for bullish/bearish trend changes.
SAP121212 — Close vs VWAP + Optional RSI (Signals)This indicator combines Supertrend, VWAP with bands, and an optional RSI filter to generate Buy/Sell signals.
How it works
Supertrend Flip (ATR-based): Detects when trend direction changes (from bearish to bullish, or bullish to bearish).
VWAP Band Filter: Signals only trigger if the candle close is beyond the VWAP bands:
Buy = Supertrend flips up AND close > VWAP Upper Band
Sell = Supertrend flips down AND close < VWAP Lower Band
Optional RSI Filter:
Buy requires RSI < 20
Sell requires RSI > 80
Can be enabled/disabled in settings.
Features
Choice of VWAP band calculation mode: Standard Deviation or ATR.
Adjustable ATR/StDev length and multiplier for VWAP bands.
Toggle Supertrend, VWAP lines, and Buy/Sell labels.
Alerts included: add alerts on BUY or SELL conditions (use Once Per Bar Close to avoid intrabar signals).
Use
Works best on intraday or higher timeframes where VWAP is relevant.
Use the RSI filter for more selective signals.
Can be combined with your own stop-loss and risk management rules.
⚠️ Disclaimer: This script is for educational and research purposes only. It is not financial advice. Always test thoroughly and trade at your own risk.
Reverse RSI Signals [AlgoAlpha]🟠 OVERVIEW
This script introduces the Reverse RSI Signals system, an original approach that inverts traditional RSI values back into price levels and then overlays them directly on the chart as dynamic bands. Instead of showing RSI in a subwindow, the script calculates the exact price thresholds that correspond to common RSI levels (30/70/50) and displays them as upper, lower, and midline bands. These are further enhanced with an adaptive Supertrend filter and divergence detection, allowing traders to see overbought/oversold zones translated into actionable price ranges and trend signals. The script combines concepts of RSI inversion, volatility envelopes, and divergence tracking to provide a context-driven tool for spotting reversals and regime shifts.
🟠 CONCEPTS
The script relies on inverting RSI math: by solving for the price that would yield a given RSI level, it generates real chart levels tied to oscillator conditions. These RSI-derived price bands act like support/resistance, adapting each bar as RSI changes. On top of this, a Supertrend built around the RSI midline introduces directional bias, switching regimes when the midline is breached. Regular bullish and bearish divergences are detected by comparing RSI pivots against price pivots, highlighting early reversal conditions. This layered approach means the indicator is not just RSI on price but a hybrid of oscillator translation, volatility-tracking midline envelopes, and divergence analysis.
🟠 FEATURES
Inverted RSI bands: upper (70), lower (30), and midline (50), smoothed with EMA for noise reduction.
Supertrend overlay on the RSI midline to confirm regime direction (bullish or bearish).
Gradient-filled zones between outer and inner RSI bands to visualize proximity and exhaustion.
Non-repainting bullish and bearish divergence markers plotted directly on chart highs/lows.
🟠 USAGE
Apply the indicator to any chart and use the plotted RSI price bands as adaptive support/resistance. The midline defines equilibrium, while upper and lower bands represent classic RSI thresholds translated into real price action. In bullish regimes (green candles), long trades are stronger when price approaches or bounces from the lower band; in bearish regimes (red candles), shorts are favored near the upper band. Divergence markers (▲ for bullish, ▼ for bearish) flag potential reversal points early. Traders can combine the band proximity, divergence alerts, and Supertrend context to time entries, exits, or to refine ongoing trend trades. Adjust smoothing and Supertrend ATR settings to match the volatility of the instrument being analyzed.
Triple Momentum Core v1🧠 Technical Structure:
Triple Momentum Core analyzes the underlying wave of price movement through a three-stage system:
1. 🔵 Follow Line – The First Spark of Momentum:
Constructed using Bollinger Bands and ATR, this line detects the very first signs of directional price expansion. It gently whispers when the market begins stretching with force in one direction.
2. 🟢 SuperTrend – Confirmation and Directional Validation:
After the initial move, SuperTrend acts as the second checkpoint — validating whether the price action is evolving into a genuine trend or fading out. It confirms whether the impulse has the strength to sustain.
3. 🔴 PMax – Core Trend & Structural Anchor:
Based on Moving Average and ATR logic, PMax tracks the heartbeat of the trend. It serves as a dynamic structural boundary — critical for identifying trend continuation and managing risk.
4. 🟡 PMax MA Line – Smooth Trend Pulse & Adaptive Guide:
This yellow moving average line within the PMax system softly follows the overall trend flow, without reacting to sharp price noise. It acts as a balanced, stable guide to gauge the solidity of the trend’s body structure.
(If you prefer a cleaner view without any moving average lines, you can disable it from the settings.)
🧠 Technical Structure:
Triple Momentum Core analyzes the underlying wave of price movement through a three-stage system:
1. 🔵 Follow Line – The First Spark of Momentum:
Constructed using Bollinger Bands and ATR, this line detects the very first signs of directional price expansion. It gently whispers when the market begins stretching with force in one direction.
2. 🟢 SuperTrend – Confirmation and Directional Validation:
After the initial move, SuperTrend acts as the second checkpoint — validating whether the price action is evolving into a genuine trend or fading out. It confirms whether the impulse has the strength to sustain.
3. 🔴 PMax – Core Trend & Structural Anchor:
Based on Moving Average and ATR logic, PMax tracks the heartbeat of the trend. It serves as a dynamic structural boundary — critical for identifying trend continuation and managing risk.
4. 🟡 PMax MA Line – Smooth Trend Pulse & Adaptive Guide:
This yellow moving average line within the PMax system softly follows the overall trend flow, without reacting to sharp price noise. It acts as a balanced, stable guide to gauge the solidity of the trend’s body structure.
(If you prefer a cleaner view without any moving average lines, you can disable it from the settings.)
💡 Why “Triple Momentum Core”?
Because this indicator doesn’t just detect movement — it breaks it down into its essential phases:
Ignition, validation, and confirmation.
Each layer captures a unique and essential part of price behavior:
The first reaction (Follow Line) ignites the initial spark.
The second reaction (SuperTrend) confirms whether that spark will become a real trend.
The third and final layer (PMax) structurally anchors and follows that trend.
That’s why we call it Triple Momentum Core:
A synchronized 3-engine momentum system working in harmony to capture the lifecycle of a trend — from spark to structure.
Divergence Screener [Trendoscope®]🎲Overview
The Divergence Screener is a powerful TradingView indicator designed to detect and visualize bullish and bearish divergences, including hidden divergences, between price action and a user-selected oscillator. Built with flexibility in mind, it allows traders to customize the oscillator type, trend detection method, and other parameters to suit various trading strategies. The indicator is non-overlay, displaying divergence signals directly on the oscillator plot, with visual cues such as lines and labels on the chart for easy identification.
This indicator is ideal for traders seeking to identify potential reversal or continuation signals based on price-oscillator divergences. It supports multiple oscillators, trend detection methods, and alert configurations, making it versatile for different markets and timeframes.
🎲Features
🎯Customizable Oscillator Selection
Built-in Oscillators : Choose from a variety of oscillators including RSI, CCI, CMO, COG, MFI, ROC, Stochastic, and WPR.
External Oscillator Support : Users can input an external oscillator source, allowing integration with custom or third-party indicators.
Configurable Length : Adjust the oscillator’s period (e.g., 14 for RSI) to fine-tune sensitivity.
🎯Divergence Detection
The screener identifies four types of divergences:
Bullish Divergence : Price forms a lower low, but the oscillator forms a higher low, signaling potential upward reversal.
Bearish Divergence : Price forms a higher high, but the oscillator forms a lower high, indicating potential downward reversal.
Bullish Hidden Divergence : Price forms a higher low, but the oscillator forms a lower low, suggesting trend continuation in an uptrend.
Bearish Hidden Divergence : Price forms a lower high, but the oscillator forms a higher high, suggesting trend continuation in a downtrend.
🎯Flexible Trend Detection
The indicator offers three methods to determine the trend context for divergence detection:
Zigzag : Uses zigzag pivots to identify trends based on higher highs (HH), higher lows (HL), lower highs (LH), and lower lows (LL).
MA Difference : Calculates the trend based on the difference in a moving average (e.g., SMA, EMA) between divergence pivots.
External Trend Signal : Allows users to input an external trend signal (positive for uptrend, negative for downtrend) for custom trend analysis.
🎯Zigzag-Based Pivot Analysis
Customizable Zigzag Length : Adjust the zigzag length (default: 13) to control the sensitivity of pivot detection.
Repaint Option : Choose whether divergence lines repaint based on the latest data or wait for confirmed pivots, balancing responsiveness and reliability.
🎯Visual and Alert Features
Divergence Visualization : Divergence lines are drawn between price pivots and oscillator pivots, color-coded for easy identification:
Bullish Divergence : Green
Bearish Divergence : Red
Bullish Hidden Divergence : Lime
Bearish Hidden Divergence : Orange
Labels and Tooltips : Labels (e.g., “D” for divergence, “H” for hidden) appear on price and oscillator pivots, with tooltips providing detailed information such as price/oscillator values, ratios, and pivot directions.
Alerts : Configurable alerts for each divergence type (bullish, bearish, bullish hidden, bearish hidden) trigger on bar close, ensuring timely notifications.
🎲 How It Works
🎯Oscillator Calculation
The indicator calculates the selected oscillator (or uses an external source) and plots it on the chart.
Oscillator values are stored in a map for reference during divergence calculations.
🎯Pivot Detection
A zigzag algorithm identifies pivots in the oscillator data, with configurable length and repainting options.
Price and oscillator pivots are compared to detect divergences based on their direction and ratio.
🎯Divergence Identification
The indicator compares price and oscillator pivot directions (HH, HL, LH, LL) to identify divergences.
Trend context is determined using the selected method (Zigzag, MA Difference, or External).
Divergences are classified as bullish, bearish, bullish hidden, or bearish hidden based on price-oscillator relationships and trend direction.
🎯Visualization and Alerts
Valid divergences are drawn as lines connecting price and oscillator pivots, with corresponding labels.
Alerts are triggered for allowed divergence types, providing detailed information via tooltips.
🎯Validation
Divergence lines are validated to ensure no intermediate bars violate the divergence condition, enhancing signal reliability.
🎲 Usage Instructions as Indicator
🎯Add to Chart:
Add the “Divergence Screener ” to your TradingView chart.
The indicator appears in a separate pane below the price chart, plotting the oscillator and divergence signals.
🎯Configure Settings:
Adjust the oscillator type and length to match your trading style.
Select a trend detection method and configure related parameters (e.g., MA type/length or external signal).
Set the zigzag length and repainting preference.
Enable/disable alerts for specific divergence types.
I🎯nterpret Signals:
Bullish Divergence (Green) : Look for potential buy opportunities in a downtrend.
Bearish Divergence (Red) : Consider sell opportunities in an uptrend.
Bullish Hidden Divergence (Lime) : Confirm continuation in an uptrend.
Bearish Hidden Divergence (Orange): Confirm continuation in a downtrend.
Use tooltips on labels to review detailed pivot and divergence information.
🎯Set Alerts:
Create alerts for each divergence type to receive notifications via TradingView’s alert system.
Alerts include detailed text with price, oscillator, and divergence information.
🎲 Example Scenarios as Indicator
🎯 With External Oscillator (Use MACD Histogram as Oscillator)
In order to use MACD as an oscillator for divergence signal instead of the built in options, follow these steps.
Load MACD Indicator from Indicator library
From Indicator settings of Divergence Screener, set Use External Oscillator and select MACD Histograme from the dropdown
You can now see that the oscillator pane shows the data of selected MACD histogram and divergence signals are generated based on the external MACD histogram data.
🎯 With External Trend Signal (Supertrend Ladder ATR)
Now let's demonstrate how to use external direction signals using Supertrend Ladder ATR indicator. Please note that in order to use the indicator as trend source, the indicator should return positive integer for uptrend and negative integer for downtrend. Steps are as follows:
Load the desired trend indicator. In this example, we are using Supertrend Ladder ATR
From the settings of Divergence Screener, select "External" as Trend Detection Method
Select the trend detection plot Direction from the dropdown. You can now see that the divergence signals will rely on the new trend settings rather than the built in options.
🎲 Using the Script with Pine Screener
The primary purpose of the Divergence Screener is to enable traders to scan multiple instruments (e.g., stocks, ETFs, forex pairs) for divergence signals using TradingView’s Pine Screener, facilitating efficient comparison and identification of trading opportunities.
To use the Divergence Screener as a screener, follow these steps:
Add to Favorites : Add the Divergence Screener to your TradingView favorites to make it available in the Pine Screener.
Create a Watchlist : Build a watchlist containing the instruments (e.g., stocks, ETFs, or forex pairs) you want to scan for divergences.
Access Pine Screener : Navigate to the Pine Screener via TradingView’s main menu: Products -> Screeners -> Pine, or directly visit tradingview.com/pine-screener/.
Select Watchlist : Choose the watchlist you created from the Watchlist dropdown in the Pine Screener interface.
Choose Indicator : Select Divergence Screener from the Choose Indicator dropdown.
Configure Settings : Set the desired timeframe (e.g., 1 hour, 1 day) and adjust indicator settings such as oscillator type, zigzag length, or trend detection method as needed.
Select Filter Criteria : Select the condition on which the watchlist items needs to be filtered. Filtering can only be done on the plots defined in the script.
Run Scan : Press the Scan button to display divergence signals across the selected instruments. The screener will show which instruments exhibit bullish, bearish, bullish hidden, or bearish hidden divergences based on the configured settings.
🎲 Limitations and Possible Future Enhancements
Limitations are
Custom input for oscillator and trend detection cannot be used in pine screener.
Pine screener has max 500 bars available.
Repaint option is by default enabled. When in repaint mode expect the early signal but the signals are prone to repaint.
Possible future enhancements
Add more built-in options for oscillators and trend detection methods so that dependency on external indicators is limited
Multi level zigzag support
ATR Stop-Loss & TargetsATR and Supertrend-based SL/TP & Trailing System
This indicator combines Average True Range (ATR) and Supertrend logic to help traders define precise stop-loss, first target, and trailing stop-loss (TSL) levels.
⚙️ Key Features:
📏 ATR-based Stop-Loss & Target Lines:
Uses ATR (default period: 5) based on the previous day's candle for more stable risk management.
Traders can choose the price source: Close, Open, or enter a manual price.
SL and first target are calculated using multipliers:
Multiplier 1 = Stop Loss
Multiplier 2 = First Target
📉 Supertrend for Trailing Stop:
Built-in Supertrend logic for trailing stop-loss management.
Uses ATR(10) with a multiplier of 2.1, based on HL2.
Supertrend can be toggled ON/OFF from the settings.
Falcon SignalsThis script is a TradingView Pine Script for a trading strategy called "Falcon Signals." It combines multiple technical indicators and strategies to generate buy and sell signals. Here’s a breakdown of what the script does:
1. Supertrend Indicator:
The script calculates the Supertrend indicator using the Average True Range (ATR) and a specified multiplier (factor). The Supertrend is used to define the trend direction, with a green line for an uptrend and a red line for a downtrend.
2. EMA (Exponential Moving Average):
Two EMAs are used: a fast EMA (9-period) and a slow EMA (21-period). The script checks for crossovers of the fast EMA above or below the slow EMA as a basis for buying and selling signals.
3. RSI (Relative Strength Index):
The RSI (14-period) is used to measure the momentum of the price. A buy signal is generated when the RSI is less than 70, while a sell signal is generated when it’s greater than 30.
4. Take Profit (TP) and Stop Loss (SL):
The script allows users to set custom percentages for take profit and stop loss. The take profit is set at a certain percentage above the entry price for buy signals, and the stop loss is set at a percentage below the entry price, and vice versa for sell signals.
5. Trailing Stop:
A trailing stop can be enabled, which dynamically adjusts the stop loss level as the price moves in the favorable direction. If the price moves against the position by a certain trailing percentage, the position will be closed.
6. Engulfing Patterns:
The script checks for bullish and bearish engulfing candlestick patterns, indicating potential reversals. A bullish engulfing pattern is marked with a teal label ("🔄 Reversal Up"), and a bearish engulfing pattern is marked with a fuchsia label ("🔄 Reversal Down").
7. Plotting:
The script plots various indicators and signals:
Entry line: Shows where the buy or sell signal is triggered.
Take profit and stop loss levels are plotted as lines.
EMA and Supertrend lines are plotted on the chart.
Trailing stop line, if enabled, is also plotted.
8. Buy and Sell Labels:
The script places labels on the chart when buy or sell signals are triggered, indicating the price at which the order should be placed.
9. Exit Line:
The script plots an exit line when the trailing stop is hit, signaling when a position should be closed.
10. Alerts:
Alerts are set for both buy and sell signals, notifying the trader when to act based on the strategy's conditions.
This strategy combines trend-following (Supertrend), momentum (RSI), and price action patterns (EMA crossovers and engulfing candlestick patterns) to generate trade signals. It also offers the flexibility of take profit, stop loss, and trailing stop features.
SUPeR TReND 2.718An evolved version of the classic Supertrend, SUPeR TReND 2.718 is built to deliver elegant, high-precision trend detection using Euler's constant (e = 2.718) as its default multiplier. Designed for clarity and visual flow, this indicator brings together smooth line work, intelligent color logic, and a minimalistic tally system that tracks trend persistence — all in a highly customizable, overlay-ready format.
Unlike traditional implementations, this version maintains line visibility regardless of fill opacity, ensuring crisp tracking even in complex environments. Ideal for traders who value both aesthetics and actionable structure.
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🔑 Key Features:
- 📐 ATR-based Supertrend with default multiplier = e (2.718)
- 📉 Dynamic trend line with optional fill beneath price
- ⏳ Trend duration tally label (count-only or full format)
- ⬆️ Higher-timeframe Supertrend overlay (optional)
- 🟢 Directional candle coloring for clarity
- 🟡 Subtle anchor line to guide perception without clutter
- ⚙️ PineScript v6 compliant, efficient and modular
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🧠 Interpretation Guide:
- The Supertrend line tracks trend support or resistance — beneath price in uptrends, above in downtrends.
- The shaded fill reflects direction with 70% transparency.
- The trend tally label counts how long the current trend has lasted.
- Candle colors confirm direction without overtaking price action.
- The optional HTF line shows higher-timeframe context.
- A soft yellow anchor line stabilizes the fill relationship without distraction.
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⚙️ Inputs & Controls:
- ✏️ ATR Length – Volatility lookback
- 🧮 Multiplier – Default = 2.718 (Euler's number)
- 🕰️ Higher Timeframe – Choose your bias frame
- 👁️ Show HTF / Main – Toggle each trend layer
- 🧾 Show Label / Simplify – Show trend duration, with or without arrows
- 🎨 Color Candles – Turn directional bar coloring on or off
- 🪄 Show Fill – Toggle the shaded visual rhythm
- 🎛️ All visuals use tuned colors and transparencies for clarity
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🚀 Best Practices:
- ✅ Works on any time frame; shines on 1h v. 1D
- 🔁 Use the HTF line for macro bias filtering
- 📊 Combine with volume or liquidity overlays for edge
- 🧱 Use as a structural base layer with minimalist stacks
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📈 Strategy Tips:
- 🧭 MTF Trend Alignment: Enable the HTF line to filter trades. If the HTF trend is up, only take longs on the lower frame, and vice versa.
- 🔁 Pullback Entries: During a strong trend, consider short-term dips below the Supertrend line as possible re-entry zones — only if HTF remains aligned.
- ⏳ Tally for Exhaustion: When the bar count exceeds 15+, look for confluence (volume divergence, key levels, reversal signals).
- ⚠️ HTF Flip + Extended Trend: When the HTF trend reverses while the main trend is extended, that may be a macro exit or fade signal.
- 🚫 Solo Mode: Disable HTF and use the main trend + tally as a standalone signal layer.
- 🧠 Swing Setup Friendly: Especially powerful on 1D or 1h in swing systems or trend-based grid strategies.
Buy Sell Indicator - MicroStrategiesOverview :
The "Buy Sell Indicator - MicroStrategies" is designed to provide traders with dynamic buy and sell signals based on an adaptive channel and supertrend approach. This script is unique as it combines standard supertrend methodology with a custom channel logic to adapt more effectively to market conditions, enhancing the identification of trend reversals.
Key Features:
Adaptive Channel Logic: Utilizes a calculated channel, defined by the highest and lowest prices over a specified period, to adjust the trend sensitivity dynamically. This helps in accurately identifying potential buy and sell zones by incorporating price volatility.
Supertrend Integration: Integrates with a modified supertrend function that uses the adaptive channel to set trend thresholds. This combination allows the script to filter out less significant movements and focus on substantial trends, minimizing false signals.
Signal Alerts: Provides visual and alert-based signals for entering (Buy) and exiting (Sell) trades, enhancing user interaction and trade execution timing.
Usefulness: This indicator is particularly useful for traders who engage in medium to long-term trading strategies. It helps in determining optimal entry and exit points, thereby aiding in risk management and profit maximization.
How It Works:
The script calculates the high and low channel limits over a user-defined length.
It then calculates a range from these limits and sets upper and lower thresholds based on the trend sensitivity input.
Buy signals are generated when the price crosses above the adaptive upper limit, suggesting an upward trend.
Sell signals are triggered when the price crosses below the adaptive lower limit, indicating a potential downward trend.
How to Use:
Apply the indicator to any chart.
Adjust the trendSensitivity, channelLength, and atrLookback parameters according to your trading preferences.
Use the buy (B) and sell (S) labels to guide your trading decisions.
Originality: This script is original in its approach by merging traditional supertrend indicators with a customized channel-based method to refine signal accuracy and responsiveness to market changes. This dual approach helps in better capitalizing on trends and avoiding sideways market phases.
Performance Claims: No unrealistic performance or profitability claims are made about this script. Traders should use this tool as part of a comprehensive trading strategy, considering risk management and market conditions. Past performance does not guarantee future results, and users should test the script in different market environments.
Disclaimer: This script does not guarantee earnings. Traders should use it at their discretion and in conjunction with other analytical tools.
Conclusion: The "Buy Sell Indicator - MicroStrategies" offers an innovative combination of trend detection methodologies tailored to enhance trading strategies through precise signal generation. Its design is focused on providing clear, actionable trading signals to assist in decision-making processes.
CauchyTrend [InvestorUnknown]The CauchyTrend is an experimental tool that leverages a Cauchy-weighted moving average combined with a modified Supertrend calculation. This unique approach provides traders with insight into trend direction, while also offering an optional ATR-based range analysis to understand how often the market closes within, above, or below a defined volatility band.
Core Concepts
Cauchy Distribution and Gamma Parameter
The Cauchy distribution is a probability distribution known for its heavy tails and lack of a defined mean or variance. It is characterized by two parameters: a location parameter (x0, often 0 in our usage) and a scale parameter (γ, "gamma").
Gamma (γ): Determines the "width" or scale of the distribution. Smaller gamma values produce a distribution more concentrated near the center, giving more weight to recent data points, while larger gamma values spread the weight more evenly across the sample.
In this indicator, gamma influences how much emphasis is placed on values closer to the current price versus those further away in time. This makes the resulting weighted average either more reactive or smoother, depending on gamma’s value.
// Cauchy PDF formula used for weighting:
// f(x; γ) = (1/(π*γ)) *
f_cauchyPDF(offset, gamma) =>
numerator = gamma * gamma
denominator = (offset * offset) + (gamma * gamma)
pdf = (1 / (math.pi * gamma)) * (numerator / denominator)
pdf
A chart showing different Cauchy PDFs with various gamma values, illustrating how gamma affects the weight distribution.
Cauchy-Weighted Moving Average (CWMA)
Using the Cauchy PDF, we calculate normalized weights to create a custom Weighted Moving Average. Each bar in the lookback period receives a weight according to the Cauchy PDF. The result is a Cauchy Weighted Average (cwm_avg) that differs from typical moving averages, potentially offering unique sensitivity to price movements.
// Summation of weighted prices using Cauchy distribution weights
cwm_avg = 0.0
for i = 0 to length - 1
w_norm = array.get(weights, i) / sum_w
cwm_avg += array.get(values, i) * w_norm
Supertrend with a Cauchy Twist
The indicator integrates a modified Supertrend calculation using the cwm_avg as its reference point. The Supertrend logic typically sets upper and lower bands based on volatility (ATR), and flips direction when price crosses these bands.
In this case, the Cauchy-based average replaces the usual baseline, aiming to capture trend direction via a different weighting mechanism.
When price closes above the upper band, the trend is considered bullish; closing below the lower band signals a bearish trend.
ATR Stats Range (Optional)
Beyond the fundamental trend detection, the indicator optionally computes ATR-based stats to understand price distribution relative to a volatility corridor centered on the cwm_avg line:
Volatility Range:
Defined as cwm_avg ± (ATR * atr_mult), this range creates upper and lower bands. Turning on atr_stats computes how often the daily close falls: Within the range, Above the upper ATR boundary, Below the lower ATR boundary, Within the range but above cwm_avg, Within the range but below cwm_avg
These statistics can help traders gauge how the market behaves relative to this volatility envelope and possibly identify if the market tends to revert to the mean or break out more often.
Backtesting and Performance Metrics
The code is integrated with a backtesting library that allows users to assess strategy performance historically:
Equity Curve Calculation: Compares CauchyTrend-based signals against the underlying asset.
Performance Metrics Table: Once enabled, displays key metrics such as mean returns, Sharpe Ratio, Sortino Ratio, and more, comparing the strategy to a simple Buy & Hold approach.
Alerts and Notifications
The indicator provides Alerts for key events:
Long Alert: Triggered when the trend flips bullish.
Short Alert: Triggered when the trend flips bearish.
Customization and Calibration
Important: The default parameters are not optimized for any specific instrument or time frame. Traders should:
Adjust the length and gamma parameters to influence how sharply or broadly the cwm_avg reacts to price changes.
Tune the atr_len and atr_mult for the Supertrend logic to better match the asset’s volatility characteristics.
Experiment with atr_stats on/off to see if that additional volatility distribution information provides helpful insights.
Traders may find certain sets of parameters that align better with their preferred trading style, risk tolerance, or asset volatility profile.
Disclaimer: This indicator is for educational and informational purposes only. Past performance in backtesting does not guarantee future results. Always perform due diligence, and consider consulting a qualified financial advisor before trading.
WhalenatorThis custom TradingView indicator combines multiple analytic techniques to help identify potential market trends, areas of support and resistance, and zones of heightened trading activity. It incorporates a SuperTrend-like line based on ATR, Keltner Channels for volatility-based price envelopes, and dynamic order blocks derived from significant volume and pivot points. Additionally, it highlights “whale” activities—periods of exceptionally large volume—along with an estimated volume profile level and approximate bid/ask volume distribution. Together, these features aim to offer traders a more comprehensive view of price structure, volatility, and institutional participation.
This custom TradingView indicator integrates multiple trading concepts into a single, visually descriptive tool. Its primary goal is to help traders identify directional bias, volatility levels, significant volume events, and potential support/resistance zones on a price chart. Below are the main components and their functionalities:
SuperTrend-Like Line (Trend Bias):
At the core of the indicator is a trend-following line inspired by the SuperTrend concept, which uses Average True Range (ATR) to adaptively set trailing stop levels. By comparing price to these levels, the line attempts to indicate when the market is in an uptrend (price above the line) or a downtrend (price below the line). The shifting levels can provide a dynamic sense of direction and help traders stay with the predominant trend until it shifts.
Keltner Channels (Volatility and Range):
Keltner Channels, based on an exponential moving average and Average True Range, form volatility-based envelopes around price. They help traders visualize whether price is extended (touching or moving outside the upper/lower band) or trading within a stable range. This can be useful in identifying low-volatility consolidations and high-volatility breakouts.
Dynamic Order Blocks (Approximations of Supply/Demand Zones):
By detecting pivot highs and lows under conditions of significant volume, the indicator approximates "order blocks." Order blocks are areas where institutional buying or selling may have occurred, potentially acting as future support or resistance zones. Although these approximations are not perfect, they offer a visual cue to areas on the chart where price might react strongly if revisited.
Volume Profile Proxy and Whale Detection:
The indicator highlights price levels associated with recent maximum volume activity, providing a rough "volume profile" reference. Such levels often become key points of price interaction.
"Whale" detection logic attempts to identify bars where exceptionally large volume occurs (beyond a defined threshold). By tracking these "whale bars," traders can infer where heavy participation—often from large traders or institutions—may influence market direction or create zones of interest.
Approximate Bid/Ask Volume and Dollar Volume Tracking:
The script estimates whether volume within each bar leans more towards the bid or the ask side, aiming to understand which participant (buyers or sellers) might have been more aggressive. Additionally, it calculates dollar volume (close price multiplied by volume) and provides an average to gauge the relative participation strength over time.
Labeling and Visual Aids:
Dynamic labels display Whale Frequency (the ratio of bars with exceptionally large volume), average dollar volume, and approximate ask/bid volume metrics. This gives traders at-a-glance insights into current market conditions, participation, and sentiment.
Strengths:
Multifaceted Analysis:
By combining trend, volatility, volume, and order block logic in one place, the indicator saves chart space and simplifies the analytical process. Traders gain a holistic view without flipping between multiple separate tools.
Adaptable to Market Conditions:
The use of ATR and Keltner Channels adapts to changing volatility conditions. The SuperTrend-like line helps keep traders aligned with the prevailing trend, avoiding constant whipsaws in choppy markets.
Volume-Based Insights:
Integrating whale detection and a crude volume profile proxy helps traders understand where large players might be interacting. This perspective can highlight critical levels that might not be evident from price action alone.
Convenient Visual Cues and Labels:
The indicator provides quick reference points and textual information about the underlying volume dynamics, making decision-making potentially faster and more informed.
Weaknesses:
Heuristic and Approximate Nature:
Many of the indicator’s features, like the "order blocks," "whale detection," and the approximate bid/ask volume, rely on heuristics and assumptions that may not always be accurate. Without actual Level II data or true volume profiles, the insights are best considered as supplementary, not definitive signals.
Lagging Components:
Indicators that rely on past data, like ATR-based trends or moving averages for Keltner Channels, inherently lag behind price. This can cause delayed signals, particularly in fast-moving markets, potentially missing some early opportunities or late in confirming market reversals.
No Guaranteed Predictive Power:
As with any technical tool, it does not forecast the future with certainty. Strong volume at a certain level or a bullish SuperTrend reading does not guarantee price will continue in that direction. Market conditions can change unexpectedly, and false signals will occur.
Complexity and Overreliance Risk:
With multiple signals combined, there’s a risk of information overload. Traders might feel compelled to rely too heavily on this one tool. Without complementary analysis (fundamentals, news, or additional technical confirmation), overreliance on the indicator could lead to misguided trades.
Conclusion:
This integrated indicator offers a comprehensive visual guide to market structure, volatility, and activity. Its strength lies in providing a multi-dimensional viewpoint in a single tool. However, traders should remain aware of its approximations, inherent lags, and the potential for conflicting signals. Sound risk management, position sizing, and the use of complementary analysis methods remain essential for trading success.
Risks Associated with Trading:
No indicator can guarantee profitable trades or accurately predict future price movements. Market conditions are inherently unpredictable, and reliance on any single tool or combination of tools carries the risk of financial loss. Traders should practice sound risk management, including the use of stop losses and position sizing, and should not trade with funds they cannot afford to lose. Ultimately, decisions should be guided by a thorough trading plan and possibly supplemented with other forms of market analysis or professional advice.
Risks and Important Considerations:
• Not a Standalone Tool:
• This indicator should not be used in isolation. It is essential to incorporate additional technical analysis tools, fundamental analysis, and market context when making trading decisions.
• Relying solely on this indicator may lead to incomplete assessments of market conditions.
• Market Volatility and False Signals:
• Financial markets can be highly volatile, and indicators based on historical data may not accurately predict future movements.
• The indicator may produce false signals due to sudden market changes, low liquidity, or atypical trading activity.
• Risk Management:
• Always employ robust risk management strategies, including setting stop-loss orders, diversifying your portfolio, and not over-leveraging positions.
• Understand that no indicator guarantees success, and losses are a natural part of trading.
• Emotional Discipline:
• Avoid making impulsive decisions based on indicator signals alone.
• Emotional trading can lead to significant financial losses; maintain discipline and adhere to a well-thought-out trading plan.
• Continuous Learning and Adaptation:
• Stay informed about market news, economic indicators, and global events that may impact trading conditions.
• Continuously evaluate and adjust your trading strategies as market dynamics evolve.
• Consultation with Professionals:
• Consider seeking advice from financial advisors or professional traders to understand better how this indicator can fit into your overall trading strategy.
• Professional guidance can provide personalized insights based on your financial goals and risk tolerance.
Disclaimer:
Trading financial instruments involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. This indicator is provided for informational and educational purposes only and should not be considered investment advice. Always conduct your own research and consult with a licensed financial professional before making any trading decisions.
Note: The effectiveness of any technical indicator can vary based on market conditions and individual trading styles. It's crucial to test indicators thoroughly using historical data and possibly paper trading before applying them in live trading scenarios.
OmniSoftwareIntroduction:
The OmniSoftware Indicator is an exclusive, invite-only tool meticulously designed for traders seeking to enhance their market insights and improve their trading strategies. This premium indicator combines multiple advanced techniques to offer users not only clear trend signals and market zones but also cutting-edge features like adaptive oscillators and customizable alerts. By integrating features typically found in various standalone indicators, OmniSoftware becomes a multi-purpose, all-in-one trading tool.
This invite-only script adheres strictly to TradingView's guidelines for invite-only indicators and is designed to provide superior functionality without revealing its underlying code or proprietary logic. If you’re looking for a powerful edge in volatile markets, OmniSoftware is the tool you need in your arsenal.
Key Features:
1. Dual Display Modes: SuperTrend Zones & Deviation Bands
OmniSoftware provides traders with the ability to switch between two key modes:
SuperTrend Zones: This mode dynamically adjusts to market conditions, highlighting areas where the trend is either strengthening or weakening. These zones are ideal for capturing trend continuations and potential reversals with a high degree of confidence. Unlike traditional trend indicators, OmniSoftware's SuperTrend Zones are enhanced with adaptive algorithms that respond to market volatility, ensuring that false signals are minimized.
Deviation Bands: In this mode, the indicator uses custom deviation bands based on statistical deviations from a moving average. These bands help identify extreme price levels, providing insight into potential mean-reversion opportunities. The Deviation Bands mode is particularly useful for identifying overbought and oversold conditions, capturing reversal points that standard deviation-based tools often miss.
2. Adaptive Z-Score Oscillator
At the heart of OmniSoftware is its unique Z-Score Oscillator, which is far more advanced than traditional Z-Score implementations. This oscillator:
Tracks volatility extremes by analyzing price movements relative to their historical averages.
Adapts dynamically to market conditions, automatically adjusting its sensitivity based on recent volatility. This ensures that the oscillator remains accurate even in rapidly changing markets.
Highlights overbought and oversold conditions, signaling potential reversal areas with unprecedented precision.
Unlike typical oscillators, which remain static and fail to adapt to changing market volatility, OmniSoftware's Z-Score Oscillator adjusts itself using advanced mathematical models to ensure relevance and accuracy in both high- and low-volatility environments. This provides users with a real-time gauge of potential turning points in the market, making it an invaluable tool for timing entries and exits.
3. Enhanced Trend Detection
The OmniSoftware Indicator uses a dual VWAP (Volume Weighted Average Price) calculation to gauge market trends. By analyzing volume data alongside price, it effectively filters out noise and delivers a reliable trend assessment. The result is a system that provides:
Clear visual representation of uptrends (blue candles) and downtrends (red candles).
Neutral zones (purple candles) when the market is consolidating or lacks clear direction.
This combination of price and volume ensures that the trends identified by OmniSoftware are robust and meaningful, giving traders the confidence to follow or fade the trend as appropriate.
4. Proprietary Signal Detection System
OmniSoftware’s advanced signal detection system is designed to generate high-confidence buy and sell signals:
Long signals are shown as diamonds below the price when market conditions suggest an optimal buying opportunity.
Short signals appear as diamonds above the price when a short trade may be more favorable.
These signals are backed by a unique blend of volume analysis, trend strength, and the indicator’s proprietary algorithms. The indicator differentiates between "full" and "partial" signals based on whether all conditions align for a high-probability trade. Additionally, the signals are further validated by volume trends, ensuring traders are only notified when significant market movements are expected.
5. Custom Alerts and Conditions
To help traders stay ahead of the market, OmniSoftware includes an extensive range of customizable alerts:
Price In Zone: Alerts are triggered when the price enters key SuperTrend or Deviation Band zones, providing traders with real-time information about critical market levels.
New Trigger Alerts: Automatically alert users when a new buy or sell signal is generated, allowing traders to act immediately on emerging opportunities.
Full Long/Short Signal Alerts: When all criteria are met for a high-probability long or short signal, the indicator triggers an alert, ensuring you’re never out of sync with the market’s most important moves.
These alerts are fully customizable, allowing traders to tailor them according to their specific strategies. Whether you're trading breakouts, reversals, or trend continuations, OmniSoftware’s alert system ensures you won’t miss an opportunity.
Customization & Flexibility
OmniSoftware is designed with the flexibility to suit a wide range of trading styles and preferences. Key customization features include:
Color Schemes: Traders can customize the color schemes for uptrend, downtrend, and neutral zones, allowing for a personalized trading experience.
Transparency Control: Adjust the transparency of plotted zones and bands to enhance chart readability while maintaining focus on essential areas.
Precision and Aesthetic Adjustments: Fine-tune the precision of price levels and zone representations to match your specific requirements.
Use Cases:
Trend Traders:
OmniSoftware is perfect for trend-following strategies, providing clear, reliable signals that help traders identify entry points within established trends. The combination of SuperTrend Zones and VWAP trend analysis ensures that traders can catch both early-stage and continuation trends.
Reversal Traders:
The Deviation Bands and Z-Score Oscillator are invaluable tools for reversal traders. By identifying overbought and oversold conditions with high accuracy, OmniSoftware enables traders to anticipate reversals at extreme price levels, offering prime opportunities for countertrend trades.
Breakout Traders:
With its ability to detect and highlight key price zones, OmniSoftware helps breakout traders identify areas where the price is likely to break out of a consolidation pattern or key level. The inclusion of volume-based confirmations ensures that breakouts are backed by significant market participation.
Compliance with TradingView’s Guidelines:
As per TradingView's rules and guidelines for invite-only scripts:
No Source Code Disclosure: OmniSoftware is an invite-only script, meaning the underlying code and logic are proprietary and are not shared with users.
Detailed Description: The description provided here gives a comprehensive overview of the indicator’s functionality and its unique features without revealing any proprietary formulas or exact coding details.
No Unauthorized Use: Access to this script is restricted to users with permission, maintaining compliance with TradingView's guidelines on intellectual property and the responsible sharing of scripts.
Proper Attribution: OmniSoftware is the intellectual property of OmegaTools, and all usage rights are governed by the terms provided upon invitation. Unauthorized sharing or distribution of this script is prohibited.
Conclusion:
The OmniSoftware Indicator offers an advanced suite of tools that not only track price and volume trends but also provide a comprehensive market view by analyzing volatility extremes, identifying key price zones, and delivering high-accuracy signals for both trend and reversal strategies. This is not your average trading indicator; OmniSoftware combines the best aspects of multiple indicators into a single, cohesive tool designed to give you a competitive edge in any market.
Traders who use OmniSoftware benefit from its robust, adaptive algorithms that adjust to market volatility, ensuring that signals remain relevant and reliable. Whether you are a novice or an experienced trader, the OmniSoftware Indicator is engineered to elevate your trading experience to the next level.
Disclaimer: This script is available on an invite-only basis and is for educational purposes only. Trading carries risk, and users should perform their own due diligence before making any trading decisions. OmegaTools does not guarantee profit and is not responsible for any trading losses that may occur from using this script.
Swiss Knife [MERT]Introduction
The Swiss Knife indicator is a comprehensive trading tool designed to provide a multi-dimensional analysis of the market. By integrating a wide array of technical indicators across multiple timeframes, it offers traders a holistic view of market sentiment, momentum, and potential reversal points. This indicator is particularly useful for traders looking to combine trend analysis, momentum indicators, volume data, and price action into a single, easy-to-read format.
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Key Features
Multi-Timeframe Analysis : Evaluates indicators on Daily , 4-Hour , 1-Hour , and 15-Minute timeframes.
Comprehensive Indicator Suite : Incorporates MACD , Awesome Oscillator (AO) , Parabolic SAR , SuperTrend , DPO , RSI , Stochastic Oscillator , Bollinger Bands , Ichimoku Cloud , Chande Momentum Oscillator (CMO) , Donchian Channels , ADX , volume-based momentum indicators, Fractals , and divergence detection.
Market Sentiment Scoring : Aggregates signals from multiple indicators to provide an overall sentiment score.
Visual Aids : Displays EMA lines, trendlines, divergence signals, and a sentiment table directly on the chart.
Super Trend Reversal Signals : Identifies potential market reversal points by assessing the momentum of automated trading bots.
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Explanation of Each Indicator
Moving Average Convergence Divergence (MACD)
- Purpose : Measures the relationship between two moving averages of price.
- Interpretation : A positive histogram suggests bullish momentum; a negative histogram indicates bearish momentum.
Awesome Oscillator (AO)
- Purpose : Gauges market momentum by comparing recent market movements to historic ones.
- Interpretation : Above zero indicates bullish momentum; below zero indicates bearish momentum.
Parabolic SAR (SAR)
- Purpose : Identifies potential reversal points in price direction.
- Interpretation : Dots below price suggest an uptrend; dots above price suggest a downtrend.
SuperTrend
- Purpose : Determines the prevailing market trend.
- Interpretation : Provides buy or sell signals based on price movements relative to the SuperTrend line.
Detrended Price Oscillator (DPO)
- Purpose : Removes trend from price to identify cycles.
- Interpretation : Values above zero suggest price is above the moving average; values below zero indicate it is below.
Relative Strength Index (RSI)
- Purpose : Measures the speed and change of price movements.
- Interpretation : Values above 50 indicate bullish momentum; values below 50 indicate bearish momentum.
Stochastic Oscillator
- Purpose : Compares a particular closing price to a range of its prices over a certain period.
- Interpretation : Values above 50 indicate bullish conditions; values below 50 indicate bearish conditions.
Bollinger Bands (BB)
- Purpose : Measures market volatility and provides relative price levels.
- Interpretation : Price above the middle band suggests bullishness; below the middle band suggests bearishness.
Ichimoku Cloud
- Purpose : Provides support and resistance levels, trend direction, and momentum.
- Interpretation : Bullish signals when price is above the cloud; bearish signals when price is below the cloud.
Chande Momentum Oscillator (CMO)
- Purpose : Measures momentum on both up and down days.
- Interpretation : Values above 50 indicate strong upward momentum; values below -50 indicate strong downward momentum.
Donchian Channels
- Purpose : Identifies volatility and potential breakouts.
- Interpretation : Price above the upper band suggests bullish breakout; below the lower band suggests bearish breakout.
Average Directional Index (ADX)
- Purpose : Measures the strength of a trend.
- Interpretation : DI+ above DI- indicates bullish trend; DI- above DI+ indicates bearish trend.
Volume Momentum Indicators (VolMom, CumVolMom, POCMom)
- Purpose : Analyze volume to assess buying and selling pressure.
- Interpretation : Positive values suggest bullish volume momentum; negative values indicate bearish volume momentum.
Fractals
- Purpose : Identify potential reversal points in the market.
- Interpretation : Up fractals may indicate a future downtrend; down fractals may indicate a future uptrend.
Divergence Detection
- Purpose : Identifies divergences between price and various indicators (RSI, MACD, Stochastic, OBV, MFI, A/D Line).
- Interpretation : Bullish divergences suggest potential upward reversal; bearish divergences suggest potential downward reversal.
- Note : This functionality utilizes the library from Divergence Indicator .
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Coloring Scheme
Background Color
- Purpose : Reflects the overall market sentiment by combining sentiment scores from all indicators across different timeframes.
- Interpretation :
- Green Shades : Indicate bullish market sentiment.
- Red Shades : Indicate bearish market sentiment.
- Intensity : The strength of the color corresponds to the strength of the sentiment score.
Sentiment Table
- Purpose : Displays the status of each indicator across different timeframes.
- Interpretation :
- Green Cell : The indicator suggests a bullish signal.
- Red Cell : The indicator suggests a bearish signal.
- Percentage Score : Indicates the overall bullish or bearish sentiment on that timeframe.
Exponential Moving Averages (EMAs)
- Purpose : Provide dynamic support and resistance levels.
- Colors :
- EMA 10 : Lime
- EMA 20 : Yellow
- EMA 50 : Orange
- EMA 100 : Red
- EMA 200 : Purple
Trendlines
- Purpose : Visual representation of support and resistance levels based on pivot points.
- Interpretation :
- Upward Trendlines : Colored green , indicating support levels.
- Downward Trendlines : Colored red , indicating resistance levels.
- Note : Trendlines are drawn using the library from Simple Trendlines .
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Utility of Market Sentiment
The indicator aggregates signals from multiple technical indicators across various timeframes to compute an overall market sentiment score . This comprehensive approach helps traders understand the prevailing market conditions by:
Confirming Trends : Multiple indicators pointing in the same direction can confirm the strength of a trend.
Identifying Reversals : Divergences and fractals can signal potential turning points.
Timeframe Alignment : Aligning signals across different timeframes can enhance the probability of successful trades.
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Divergences
Divergence occurs when the price of an asset moves in the opposite direction of a technical indicator, suggesting a potential reversal.
- Bullish Divergence : Price makes a lower low, but the indicator makes a higher low.
- Bearish Divergence : Price makes a higher high, but the indicator makes a lower high.
The indicator detects divergences for:
RSI
MACD
Stochastic Oscillator
On-Balance Volume (OBV)
Money Flow Index (MFI)
Accumulation/Distribution Line (A/D Line)
By identifying these divergences, traders can spot early signs of trend reversals and adjust their strategies accordingly.
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Trendlines
Trendlines are essential tools for identifying support and resistance levels. The indicator automatically draws trendlines based on pivot points:
- Upward Trendlines (Support) : Connect higher lows, indicating an uptrend.
- Downward Trendlines (Resistance) : Connect lower highs, indicating a downtrend.
These trendlines help traders visualize the trend direction and potential breakout or reversal points.
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Super Trend Reversals (ST Reversal)
The core idea behind the Super Trend Reversals indicator is to assess the momentum of automated trading bots (often referred to as 'Supertrend bots') that enter the market during critical turning points. Specifically, the indicator is tuned to identify when the market is nearing bottoms or peaks, just before it shifts direction based on the triggered Supertrend signals. This approach helps traders:
Engage Early : Enter the market as reversal momentum builds up.
Optimize Entries and Exits : Enter under favorable conditions and exit before momentum wanes.
By capturing these reversal points, traders can enhance their trading performance.
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Conclusion
The Swiss Knife indicator serves as a versatile tool that combines multiple technical analysis methods into a single, comprehensive indicator. By assessing various aspects of the market—including trend direction, momentum, volume, and price action—it provides traders with valuable insights to make informed trading decisions.
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Citations
- Divergence Detection Library : Divergence Indicator by DevLucem
- Trendline Drawing Library : Simple Trendlines by HoanGhetti
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Note : This indicator is intended for informational purposes and should be used in conjunction with other analysis techniques. Always perform due diligence before making trading decisions.
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