Composite Momentum System⚙️ Composite Momentum System — RSI + CCI + Momentum + MFI + (DI·ADX) × MACD² (4-Color Smoothed Signal)
This advanced indicator fuses multiple momentum, volume, and trend components into one unified oscillator, dynamically visualized around a zero line. It helps traders identify powerful directional moves, trend reversals, and momentum exhaustion far earlier than traditional MACD or RSI alone.
🧩 Core Formula
Composite = ((RSI + CCI + Momentum + MFI) + (((DI− × −1) + DI+) × ADX)) × (MACD²)
RSI – captures relative strength and short-term momentum
CCI – measures deviation from price mean (volatility & cycles)
Momentum – shows raw velocity of price change
MFI – volume-weighted momentum, adds money flow confirmation
DI / ADX – directional strength and market trend intensity
MACD² – amplifies strong momentum moves and filters weak noise
🌈 Visual Design & Features
Zero-Centered Histogram:
Green = Bullish momentum, Red = Bearish momentum
MACD Signal Line (4 Colors):
🟢 Positive & Rising → strong up momentum
🟡 Positive & Falling → weakening uptrend
🔴 Negative & Falling → strong downtrend
🟠 Negative & Rising → possible bearish fade or reversal
Adjustable Signal Smoothing:
Choose MA type (SMA, EMA, RMA, WMA, VWMA) and custom smoothing length for cleaner visualization.
ATR Normalization:
Optional setting to keep MACD and composite values consistent across instruments.
Centering Options:
RSI and MFI can be centered (−50/+50) to balance oscillation around zero.
🎯 How to Use
Above 0: Bullish composite energy → favor long setups.
Below 0: Bearish composite energy → favor short setups.
Signal line color changes highlight momentum acceleration or slowdown.
Crosses through zero often precede major shifts or breakout moments.
⚡ Best Practice
Use this indicator as a momentum strength filter in confluence with price action or volume patterns.
Combine it with VWAP, higher-timeframe trend, or support/resistance zones for high-probability entries.
Trendanalyse
Jensen Alpha RS🧠 Jensen Alpha RS (J-Alpha RS)
Jensen Alpha RS is a quantitative performance evaluation tool designed to compare multiple assets against a benchmark using Jensen’s Alpha — a classic risk-adjusted return metric from modern portfolio theory.
It helps identify which assets have outperformed their benchmark on a risk-adjusted basis and ranks them in real time, with optional gating and visual tools. 📊
✨ Key Features
• 🧩 Multi-Asset Comparison: Evaluate up to four assets simultaneously.
• 🔀 Adaptive Benchmarking: TOTALES mode uses CRYPTOCAP:TOTALES (total crypto market cap ex-stablecoins). Dynamic mode automatically selects the strongest benchmark among BTC, ETH, and TOTALES based on rolling momentum.
• 📐 Jensen’s Alpha Calculation: Uses rolling covariance, variance, and beta to estimate α, showing how much each asset outperformed its benchmark.
• 📈 Z-Score & Consistency Metrics: Z-Score highlights statistical deviations in alpha; Consistency % shows how often α has been positive over a chosen window.
• 🚦 Trend & Zero Gates: Optional filters that require assets to be above EMA (trend) and/or have α > 0 for confirmation.
• 🏆 Leaders Board Table: Displays α, Z, Rank, Consistency %, and Gate ✓/✗ for all assets in a clear visual layout.
• 🔔 Dynamic Alerts: Get notified whenever the top alpha leader changes on confirmed (non-repainting) data.
• 🎨 Visual Enhancements: Smooth α with an SMA or color bars by the current top-performing asset.
🧭 Typical Use Cases
• 🔄 Portfolio Rotation & Relative Strength: Identify which assets consistently outperform their benchmark to optimize capital allocation.
• 🧮 Alpha Persistence Analysis: Gauge whether a trend’s performance advantage is statistically sustainable.
• 🌐 Market Regime Insight: Observe how asset leadership rotates as benchmarks shift across market cycles.
⚙️ Inputs Overview
• 📝 Assets (1–4): Select up to four tickers for evaluation.
• 🧭 Benchmark Mode: Choose between static TOTALES or Dynamic auto-selection.
• 📏 Alpha Settings: Adjustable lookback, smoothing, and consistency windows.
• 🚦 Gates: Optional trend and alpha filters to refine results.
• 🖥️ Display: Enable/disable table and customize colors.
• 🔔 Alerts: Toggle notifications on leadership changes.
🔎 Formula Basis
Jensen’s Alpha (α) is estimated as:
α = E − β × E
where β = Cov(Ra, Rb) / Var(Rb), and Ra/Rb represent asset and benchmark returns, respectively.
A positive α indicates outperformance relative to the risk-adjusted benchmark expectation. ✅
⚠️ Disclaimer
This script is for educational and analytical purposes only.
It is NOT a signal. 🚫📉
It does not constitute financial advice, trading signals, or investment recommendations. 💬
The author is not responsible for any financial losses or trading decisions made based on this indicator. 🙏
Always perform your own analysis and use proper risk management. 🛡️
Volume Biased CandlesVolume Biased Candles
This indicator visualizes the underlying volume polarity of price action by coloring candles based on directional volume bias over a rolling bucket of bars.
Instead of reading price alone, each candle reflects whether buying or selling pressure has dominated within its recent volume structure — giving a more intuitive picture of volume sentiment beneath price movement.
🔹 How it works
Bucket Size (n) → defines how many candles are aggregated to evaluate directional volume bias
For each bucket, total up-volume and down-volume are compared to determine overall market pressure
Volume Bias Score → a continuous ratio from -1 to +1, representing the relative dominance of buyers or sellers
Candles are colored according to the active bias — green for positive (buying), red for negative (selling)
🔹 Use cases
Visualize shifts in market control without needing divergence overlays
Combine with delta divergence or price structure tools to validate entries and exits
Simplify volume and price insights into an intuitive, single-chart visualization
✨ Volume Biased Candles transforms standard candles into a live sentiment gauge, revealing whether the dominant flow behind price movement is bullish or bearish.
Asia Range Breakout Asia Range Breakout
Description:
Asia Range Breakout is a sophisticated, multi-filter trading tool designed to identify high-probability breakout opportunities during the core Asian trading session. By combining session-based range analysis with advanced confirmation filters like Heiken Ashi momentum, Ichimoku baseline trends, and EMA alignment, this indicator helps traders capture decisive moves while filtering out market noise.
Tired of false breakouts? This system provides a structured framework to trade the Sydney and Tokyo sessions with precision and confidence.
Key Features:
Multi-Session Range Tracking:
Monitors 6 distinct pre-defined Asian sessions (Sydney Box, Tokyo Pre-Open, Tokyo Launch, etc.).
Dynamically plots High and Low boundaries for each session (Teal for Highs, Red for Lows).
Individually toggleable sessions to focus on your preferred trading window.
Smart Alert & Signal System:
Generates alerts based on Heiken Ashi candle closings relative to session ranges.
Dual-Size Signals: Differentiates between "Large" breakouts (outside the range) and "Small" signals (within the range).
Configurable alert timeframe for confirmation candle closure.Built-in Sound Alerts for real-time notifications.
Advanced Confirmation Filters:
Heiken Ashi Momentum Filter: Ensures breakout candles have significant momentum, adjustable via a threshold multiplier.
EMA 200 Filter: Confirms the breakout's alignment with the broader trend.
Ichimoku Baseline (Kijun-sen) Filter: Uses a dynamic support/resistance level for additional confirmation.
Ichimoku Baseline Divergence Filter: A unique feature that requires the baseline's slope to match the breakout direction (Bullish for buys, Bearish for sells).
ATR Volatility Filter: (Optional) Ensures the breakout candle has sufficient range relative to recent market volatility.
Visual Enhancements:
Take-Profit Lines: Projects profit targets using ATR and connects consecutive alerts with a trendline.
Heiken Ashi Overlay: Displays smoothed Heiken Ashi candles directly on the main chart for cleaner trend visualization.
Divergence Trend Line: Visually plots the slope of the Ichimoku Baseline for quick trend assessment.
Session Background Highlighter: Shades the active sessions for easy time reference.
Comprehensive Debug Info Box: Provides real-time feedback on filter status, perfect for strategy validation and learning.
Usage Instructions & Tips:
1. Initial Setup:
Start simple! Apply the indicator to a 5-minute or 1-minute chart.
Recommended Instruments:
Forex: Major pairs like AUD/USD , USD/JPY or EUR/JPY.
Indices: `NAS100` (Nasdaq), `US30` (Dow Jones), `JP225` (Nikkei 225).
Commodities: `XAUUSD` (Gold).
Initially, enable only the Sydney Box (00:30 - 03:15 UTC) as it is the most robust session, then explore others.
2. Interpreting the Signals:
Large Green Arrow (Above Bar): A strong BUY signal. The Heiken Ashi candle closed above the session's High, and all enabled filters are confirmed.
Small Green Arrow (Above Bar): A moderate BUY signal. The candle closed bullishly but within the session range.
Large Red Arrow (Below Bar): A strong SELL signal. The Heiken Ashi candle closed below the session's Low, with filter confirmation.
Small Red Arrow (Below Bar): A moderate SELL signal. The candle closed bearishly but within the session range.
3. Optimizing Your Strategy:
Filter Tuning: The default filters are balanced. Adjust them based on your risk appetite:
Increase the Heiken Ashi Threshold (e.g., to 0.2) for fewer, but stronger signals.
Disable filters like ATR or Divergence if you find them too restrictive.
The Power of Divergence: The Ichimoku Divergence filter is a powerful trend-confirmation tool. Pay close attention to it for the highest-quality signals.
Use the Debug Box: Enable the "Show Debug Info Box" to see exactly why a signal did or did not trigger. This is invaluable for understanding the indicator's logic and avoiding bad trades.
4. Risk Management:
The TP Lines provide a logical profit target based on market volatility. Consider using them for setting take-profit orders.
Always use a stop-loss. A logical level is the opposite side of the session range (e.g., for a buy signal, place a stop below the session low).
You're very welcome! I'm glad I could help you create a professional tool. Wishing you great success with your Trading! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
(RSI + CCI) × (MACD/ATR)^2⚙️ (RSI + CCI) × (MACD / ATR)² Composite — Normalized, Compressed, Dynamic Colors
This advanced composite oscillator merges three powerful momentum indicators — RSI, CCI, and MACD — into one normalized and volatility-adjusted signal that reacts smoothly across all markets.
By dividing MACD by ATR (Average True Range), the indicator self-scales for different symbols, and an optional tanh-like compression prevents extreme spikes while keeping the movement fluid and responsive.
🧩 Core Formula
(RSI + CCI) × (MACD / ATR)²
(optionally passed through a tanh compression for stability)
RSI and CCI are normalized (RSI ÷ 50, CCI ÷ 100) → roughly −2 to +2 range.
MACD is volatility-adjusted by ATR → scale-independent between assets.
The result is centered around 0 for clear bullish/bearish momentum comparison.
🎨 Visual Features
🟢🔴 Dynamic 4-Color Histogram
Positive + Rising = Strong Teal
Positive + Falling = Light Teal
Negative + Falling = Strong Red
Negative + Rising = Light Red
🟡⚫ 4-Color Smoothing Line
Positive & Rising = Bright Yellow
Positive & Falling = Soft Yellow
Negative & Rising = Grey
Negative & Falling = Dark Grey
Zero-centered layout for intuitive bullish/bearish visualization.
⚙️ Adjustable Parameters
Individual RSI, CCI, and MACD lengths and sources.
ATR length for volatility normalization.
Optional tanh-style compression with adjustable gain (to keep values in ±1 range).
Fully customizable colors and line widths for both bars and smoothing line.
🔔 Alerts
Triggered automatically when the composite crosses above or below zero, signaling potential trend reversals or momentum shifts.
💡 How to Use
Composite > 0 → Bullish momentum ↑
Composite < 0 → Bearish momentum ↓
A brightening line or bar = momentum accelerating.
A fading color = momentum weakening or reversal forming.
Combine with higher-timeframe trend filters (EMA, VWAP, Supertrend) for confirmation.
Previous Candle 50% line The intention of this is to mark the 50% mark of the previous candle. My use is to set stops and to spot reversals coming from the STRAT to see in real time 2's going 3
ADX Scanner with IndicatorsA screener that will allow you to enter up to 10 stocks. The goal is to see clearly in front of you what stocks are moving and the momentum leveraging the ADX and RSI. The return for the day shows the growth or loss of those moves.
ADX Scanner with IndicatorsA screener that will allow you to enter up to 10 stocks. The goal is to see clearly in front of you what stocks are moving and the momentum leveraging the ADX and RSI. The return for the day shows the growth or loss of those moves.
CMF, RSI, CCI, MACD, OBV, Fisher, Stoch RSI, ADX (+DI/-DI)
Stoch RSINine indicators in one, CMF, RSI, CCI, MACD, OBV, Fisher, Stoch RSI, ADX (+DI/-DI) You can use whichever of the nine indicators you want. I use CFM, CCI, MACD, Stoch RSI.
Cross3x v2Cross3x – Smart Trend & Rejection Detection System
Cross3x is a precision trading indicator designed for traders who combine trend-following with early reversal detection. Built on a triple moving average core, it delivers high-quality signals with minimal noise and maximum clarity.
Core Features:
Trend Filtered Crossover: Uses a fast EMA (18), slow EMA (33), and long-term SMA (99) to generate reliable entry signals only in the direction of the dominant trend.
Dynamic SL/TP/BE Management:
Stop Loss placed at the lowest/highest extreme over a user-defined lookback.
Take Profit calculated using a customizable Risk/Reward ratio.
Break-Even level set as a percentage between entry and TP (e.g., 10% = BE just above entry).
Early Rejection Signals: Flags potential reversals when price tests a moving average with a long wick during a countertrend candle — ideal for spotting pullbacks before the next leg.
Green flag: "Potential Long Setup" after a bullish rejection.
Red flag: "Potential Short Setup" after a bearish rejection.
Confirmation Points: Circles appear when price retraces cleanly after a crossover, signaling optimal entry zones.
Interactive Dashboard: Real-time table showing current signal, SL, and TP levels.
Customizable Alerts: Fully configurable alerts for entries, confirmation points, and rejection setups.
Why Use Cross3x?
It doesn’t just follow trends — it anticipates them. By combining classical crossovers with smart rejection logic and structured risk management, Cross3x helps you enter earlier, manage risk better, and stay aligned with market momentum.
Perfect for swing traders, intraday scalpers, and algorithmic strategies seeking a clean, robust foundation.
Usage Tips:
Combine "Potential" flags with order blocks or key levels for higher accuracy.
Use confirmation circles as entry triggers after early setups.
Adjust RR and BE% based on volatility and trading style.
Deploy Cross3x to turn simple crossovers into a complete trading methodology.
Multi Length Market Structure (BoS + ChoCh)█ OVERVIEW
The "Multi Length Market Structure (BoS + ChoCh)" indicator is a technical analysis tool that identifies key pivot points on the chart and signals market structure breaks (Break of Structure - BoS) and changes in market character (Change of Character - ChoCh). It is designed for traders employing market structure-based strategies, enabling the identification of critical support and resistance levels and potential trend reversal points. The indicator offers flexible pivot length settings, customizable colors, and labels, ensuring clarity and precision on the chart.
█ CONCEPTS
The indicator was developed to simplify the identification of changes in market structure, catering to both short-term and longer-term trading strategies. To this end, it simultaneously displays breakouts for four editable pivot lengths. The lengths represent the delay, measured in the number of candles, after which a pivot is recognized. Pivots with larger values are often turning points on higher timeframes, providing a broader view of the market.
Why are BoS and ChoCh important? A Break of Structure (BoS) indicates trend continuation when the price breaks a key level (e.g., a previous high or low). A Change of Character (ChoCh) signals a potential trend reversal when the price breaks a level in the opposite direction of the prior trend. These signals help traders identify moments when the market changes its dynamics, which is crucial for price action strategies.
█ FEATURES
- Pivot Detection: Identifies pivot points (highs and lows) based on four different pivot lengths (default: 5, 10, 15, 20), enabling market structure analysis with varying sensitivity.
- BoS and ChoCh Signals: Generates Break of Structure (BoS) signals in the form of triangles (green for bullish, red for bearish) and Change of Character (ChoCh) signals when the price breaks a key level in the opposite direction of the prior trend.
- Pivot Labels: Displays labels for highs (HH - Higher High, LH - Lower High) and lows (HL - Higher Low, LL - Lower Low) with the option to select which pivot to display them for.
- Customizable Colors and Styles: Allows configuration of colors for BoS and ChoCh signals and pivot labels.
- Alerts: Built-in alerts for BoS and ChoCh signals for each pivot length, including price and signal type descriptions.
█ HOW TO USE
Adding to the Chart: Add the indicator to your TradingView chart via the Pine Editor or Indicators menu.
Configuring Settings:
- Pivot Lengths: Set four different pivot lengths (Pivot Length 1-4, default: 5, 10, 15, 20) to adjust the sensitivity of pivot detection. Shorter lengths are more sensitive, while longer lengths are more significant. If you want to use only one length, set all pivot lengths to the same value.
- Colors and Styles: Configure colors for BoS signals (green for bullish, red for bearish) and pivot labels.
- Labels: Enable/disable the display of HH/HL/LH/LL labels and choose which pivot to display them for (Pivot 1-4 or none).
- Signals: BoS and ChoCh signals are displayed as triangles (upward for bullish BoS, downward for bearish). Alerts can be configured for each signal type.
Interpreting Signals:
- Bullish BoS Signal: A green triangle below the candle indicates a breakout above a previous high, suggesting bullish trend continuation.
- Bearish BoS Signal: A red triangle above the candle indicates a breakout below a previous low, suggesting bearish trend continuation.
- Bullish ChoCh Signal: A green triangle after breaking a high in a downtrend indicates a potential reversal to bullish.
- Bearish ChoCh Signal: A red triangle after breaking a low in an uptrend indicates a potential reversal to bearish.
- Pivot Levels: Use pivot points as dynamic support and resistance levels. Levels from longer pivots carry greater significance.
Combine signals with other technical analysis tools, such as RSI (to identify overbought/oversold conditions) or MACD (to confirm momentum). Analyze market structure on higher timeframes for stronger signals. Be particularly cautious when entering positions if RSI approaches overbought/oversold zones and divergences appear, as this may indicate a trend change.
█ APPLICATIONS
- Breakout Strategies: Trade based on BoS signals indicating trend continuation. A BoS signal after breaking a high in an uptrend may suggest a strong bullish impulse, especially when supported by a rising MACD.
- Reversal Strategies: ChoCh signals may indicate a potential trend reversal, particularly when confirmed by other indicators, such as RSI divergences or Fibonacci levels.
BTC — CVD Divergence (Spot & Perp, robuste v6)If the price is above the CVD, it usually means the move is being pushed by leverage rather than real buying — the market is stretched and at risk of a correction.
If the price is below the CVD, it suggests that buyers are quietly absorbing — pressure is building for a bullish recovery once leverage clears out.
Liquidity Sweep Filter [Magu]SMC The smart money concept in forex trading involves understanding the behavior of institutional players, such as banks and hedge funds, and analyzing supply and demand dynamics, order blocks, and price patterns.
SMC is often seen as a repackaged version of price action trading with a long history of producing positive results in various asset classes
Market liquidity is a fundamental concept in financial markets that significantly impacts trading strategies, asset pricing, and financial stability. The stock market is a prime example of a financial market where liquidity plays a crucial role in determining asset prices and trading strategies. Understanding market liquidity helps investors and traders make informed decisions, especially during times of market volatility. This article explores the key concepts, factors affecting liquidity, and strategies to navigate both liquid and illiquid markets
GR ML kNN-based Strategy A machine-learning-driven trading strategy built around the k-Nearest Neighbors (kNN) algorithm — designed, tuned, and tested by GR.
This system studies recent price behavior and indicator patterns to predict the probability of the next move (up, down, or neutral) and only trades when multiple confirmations align. It combines data-driven signals with strict market-structure filters for maximum precision.
KANNADI MOHANRAJA 2All time frame candle colour green
From day chart, 2h, 1h, 30m, 15m, 5m, 3m charts
Entry
3m (MACD crossover, MACD histogram bar green or above the baseline, Awesome oscilltor above the base line, supertrnd (10, 3) (7,2) up )
Exit
All the above said reverses
Market Trend Indicator MTFJust a small indicator to improve intraday trading. The default setting is kept for Length (Smoothed MA) at 10, Volatility Step Length 10 and Sensitivity Multiplier (Bull/Bear): 0.8 to address market conditions. You may increase Length (Smoothed MA) and Volatility Step Length , or reduce the sensitivity Multiplier accordingly as per the underlying asset and trading pattern of yours. We will keep adding other features on the same indicator to facilitate better intraday trading.
Heiken Ashi BasProfessional Heiken Ashi + Ichimoku Baseline Scalping Strategy
Strategy Overview:
This advanced scalping methodology combines the smoothing power of Heiken Ashi candles with the reliable support/resistance levels of Ichimoku's Kijun-sen baseline. Designed for active traders seeking precise entry points in trending markets, the strategy incorporates multiple confirmation filters to enhance signal reliability.
Key Features:
• Dual Confirmation System : Heiken Ashi trend alignment with Ichimoku baseline crossover
• Smart Risk Management : Dynamic ATR-based take profit and stop loss across multiple timeframes
• Trend Filter Integration : Optional 200 EMA filter to align with broader market direction
• Divergence Detection : Real-time Ichimoku baseline momentum analysis
• Visual Trading Signals : Clear buy/sell markers with TP/SL level displays
Technical Components:
- Heiken Ashi Smoothing : Reduces market noise for cleaner trend identification
- Ichimoku Baseline (Kijun-sen) : Acts as dynamic support/resistance level
- Multi-timeframe ATR : Adaptive position sizing based on market volatility
- Momentum Confirmation : Baseline divergence filtering for enhanced timing
Ideal For:
- Forex and cryptocurrency markets
- 1-5 minute timeframes for scalping
- Trending market conditions
- Risk-aware traders seeking systematic approaches
Customization Options:
- Adjustable TP/SL multipliers based on risk tolerance
- Optional trend and divergence filters
- Flexible timeframe settings for different trading styles
- Visual display preferences for chart clarity
Educational Value:
This script demonstrates professional-grade techniques in:
- Multi-indicator convergence strategies
- Dynamic risk management implementation
- Real-time market structure analysis
- Systematic trade execution methodology
MomentumMap — Relative Strength Visual Quadrant (RRG-Inspired)🔍 What is MomentumMap?
MomentumMap brings the concept of Relative Rotation Graphs (RRG) directly to your chart.
It helps you instantly see whether a symbol is leading, improving, weakening, or lagging — without scanning dozens of charts.
Unlike traditional RS indicators, this tool plots RS Ratio and RS Momentum together, classifying the current condition into clear quadrants.
🧩 Quadrant Logic
Zone Conditions Market Behavior
🟢 Power Zone RS > 1, Momentum > 0 Strong, leading, expanding trend
🟡 Drift Zone RS > 1, Momentum < 0 Cooling off after leadership
🔵 Lift Zone RS < 1, Momentum > 0 Early signs of strength emerging
🔴 Dead Zone RS < 1, Momentum < 0 Weak and lagging phase
Each bar’s background color reflects the active zone — giving instant visual feedback on rotation strength.
⚙️ Key Features
Benchmark-based RS Ratio & RS Momentum mapping
Auto-classified quadrant display with live background coloring
Optional Power Zone alert (with volume confirmation)
Adjustable RS smoothing and momentum periods
Works on all instruments and timeframes
💡 How to Use
Apply the indicator to any chart.
Choose your benchmark symbol (default: NSE:CNX500).
Observe the color-coded zones to assess strength rotation.
Use transitions between zones to identify:
New leadership → 🟢 Power Zone
Early rotation → 🔵 Lift Zone
Loss of strength → 🟡 Drift Zone
Weak performers → 🔴 Dead Zone
⚠️ Notes & Disclaimer
MomentumMap is an analytical visualization tool, not a buy/sell signal generator.
Choose benchmarks and timeframes that match your trading universe.
The script does not repaint and uses only confirmed bar data.
Past quadrant behavior does not guarantee future results.
Complies with TradingView’s open-source and originality guidelines.
📚 Credits
Concept inspired by Julius de Kempenaer’s RRG framework
Implementation and logic developed independently by Paritosh Gupta
Daily Levels: PD / PM / OR (RTH/Pre)# Daily Levels: PD / PM / OR (RTH/Pre)
## Overview
This indicator displays key intraday support and resistance levels for US equity markets, specifically designed for traders who use Previous Day, Pre-Market, and Opening Range levels in their trading strategy.
## Key Features
**Seven Critical Levels Displayed:**
- **PDH (Previous Day High)** - Blue line: The highest price from yesterday's regular trading hours (9:30 AM - 4:00 PM ET)
- **PDL (Previous Day Low)** - Blue line: The lowest price from yesterday's regular trading hours
- **PDC (Previous Day Close)** - Orange line: The closing price from yesterday's regular trading hours
- **PMH (Pre-Market High)** - Yellow line: The highest price during today's pre-market session (4:00 AM - 9:30 AM ET)
- **PML (Pre-Market Low)** - Yellow line: The lowest price during today's pre-market session
- **ORH (Opening Range High)** - Red line: The highest price during the first 30 minutes of trading (9:30 AM - 10:00 AM ET)
- **ORL (Opening Range Low)** - Red line: The lowest price during the first 30 minutes of trading
## How It Works
**At 9:30 AM ET (Market Open):**
- PDH, PDL, PDC levels appear (from previous day's RTH)
- PMH, PML levels appear (from today's pre-market session)
- All lines begin at the 9:30 AM bar and extend right
**At 10:00 AM ET (Opening Range Close):**
- ORH, ORL levels appear (from today's first 30 minutes)
- Lines begin at the 9:30 AM bar and extend right
**Level Persistence:**
- All levels remain visible until the next trading day at 9:30 AM ET
- Levels reset daily for the new trading session
## Use Cases
**Day Trading:**
- Identify key support and resistance zones before placing trades
- Use PDH/PDL as potential profit targets or stop loss areas
- Monitor price reaction at pre-market levels for early trading signals
- Trade breakouts or rejections at opening range levels
**Swing Trading:**
- Assess daily momentum by observing breaks above/below previous day levels
- Use multiple timeframes while maintaining consistent reference points
**Market Structure:**
- Quickly identify if the market is trading above or below key levels
- Recognize accumulation/distribution patterns around these zones
## Technical Details
- **Timezone:** All times referenced are US Eastern Time (America/New_York)
- **Session Windows:**
- Pre-Market: 4:00 AM - 9:30 AM ET
- Regular Trading Hours: 9:30 AM - 4:00 PM ET
- Opening Range: 9:30 AM - 10:00 AM ET
- **Timeframe Agnostic:** Works on any chart timeframe
- **Visual Clarity:** Color-coded lines and labels for easy identification
## Color Scheme
- **Blue:** Previous Day levels (PDH, PDL)
- **Orange:** Previous Day Close (PDC)
- **Yellow:** Pre-Market levels (PMH, PML)
- **Red:** Opening Range levels (ORH, ORL)
## Best Practices
1. Use on US equity indices (SPY, QQQ, ES, NQ) and liquid US stocks
2. Combine with volume analysis for confirmation
3. Pay attention to how price reacts at these levels (bounce vs. break)
4. Most effective during the first 2 hours of trading when volatility is highest
5. Consider the market context (trending vs. ranging) when interpreting these levels
## Note
This indicator is specifically designed for US market hours. Results may vary when applied to international markets or instruments with different trading sessions.
Adaptive Vol Gauge [ParadoxAlgo]This is an overlay tool that measures and shows market ups and downs (volatility) based on daily high and low prices. It adjusts automatically to recent price changes and highlights calm or wild market periods. It colors the chart background and bars in shades of blue to cyan, with optional small labels for changes in market mood. Use it for info only—combine with your own analysis and risk controls. It's not a buy/sell signal or promise of results.Key FeaturesSmart Volatility Measure: Tracks price swings with a flexible time window that reacts to market speed.
Market Mood Detection: Spots high-energy (wild) or low-energy (calm) phases to help see shifts.
Visual Style: Uses smooth color fades on the background and bars—cyan for calm, deep blue for wild—to blend nicely on your chart.
Custom Options: Change settings like time periods, sensitivity, colors, and labels.
Chart Fit: Sits right on your main price chart without extra lines, keeping things clean.
How It WorksThe tool figures out volatility like this:Adjustment Factor:Looks at recent price ranges compared to longer ones.
Tweaks the time window (between 10-50 bars) based on how fast prices are moving.
Volatility Calc:Adds up logs of high/low ranges over the adjusted window.
Takes the square root for the final value.
Can scale it to yearly terms for easy comparison across chart timeframes.
Mood Check:Compares current volatility to its recent average and spread.
Flags "high" if above your set level, "low" if below.
Neutral in between.
This setup makes it quicker in busy markets and steadier in quiet ones.Settings You Can ChangeAdjust in the tool's menu:Base Time Window (default: 20): Starting point for calculations. Bigger numbers smooth things out but might miss quick changes.
Adjustment Strength (default: 0.5): How much it reacts to price speed. Low = steady; high = quick changes.
Yearly Scaling (default: on): Makes values comparable across short or long charts. Turn off for raw numbers.
Mood Sensitivity (default: 1.0): How strict for calling high/low moods. Low = more shifts; high = only big ones.
Show Labels (default: on): Adds tiny "High Vol" or "Low Vol" tags when moods change. They point up or down from bars.
Background Fade (default: 80): How see-through the color fill is (0 = invisible, 100 = solid).
Bar Fade (default: 50): How much color blends into your candles or bars (0 = none, 100 = full).
How to Read and Use ItColor Shifts:Background and bars fade based on mood strength:Cyan shades mean calm markets (good for steady, back-and-forth trades).
Deep blue shades mean wild markets (watch for big moves or turns).
Smooth changes show volatility building or easing.
Labels:"High Vol" (deep blue, from below bar): Start of wild phase.
"Low Vol" (cyan, from above bar): Start of calm phase.
Only shows at changes to avoid clutter. Use for timing strategy tweaks.
Trading Ideas:Mood-Based Plays: In wild phases (deep blue), try chase-momentum or breakout trades since swings are bigger. In calm phases (cyan), stick to bounce-back or range trades.
Risk Tips: Cut trade sizes in wild times to handle bigger losses. Use calm times for longer holds with close stops.
Chart Time Tips: Turn on yearly scaling for matching short and long views. Test settings on past data—loosen for quick trades (more alerts), tighten for longer ones (fewer, stronger).
Mix with Others: Add trend lines or averages—buy in calm up-moves, sell in wild down-moves. Check with volume or key levels too.
Special Cases: In big news events, it reacts faster. On slow assets, it might overstate swings—ease the adjustment strength.
Limits and TipsIt looks back at past data, so it trails real-time action and can't predict ahead.
Results differ by stock or timeframe—test on history first.
Colors and tags are just visuals; set your own alerts if needed.
Follows TradingView rules: No win promises, for learning only. Open for sharing; share thoughts in forums.
With this, you can spot market energy and tweak your trades smarter. Start on practice charts.
Stay Invested Within X%–Y% of ATHATH drawdown investing. Buy back above 20% from ATH sell 30% from ATH.
Regular-Delta RSI Gap Indicator# Regular-Delta RSI Gap Indicator
## Overview
The **Regular-Delta RSI Gap Indicator** is a sophisticated momentum oscillator that compares traditional RSI with volume-based Delta RSI to identify trend strength and potential reversal points. This unique indicator combines price action with volume dynamics to provide enhanced market insights.
## Key Features
### 🔄 Dual RSI Analysis
- **Regular RSI**: Standard RSI based on price changes
- **Delta RSI**: Volume-weighted RSI calculated from volume change rates
- **Visual Comparison**: Clear plotting of both RSIs with ribbon fill
### 💪 Strength Measurement
- **ADX-style Strength Calculation**: Measures the divergence strength between Regular and Delta RSI
- **Configurable Threshold**: Customizable strength level for trend validation
- **Trend Classification**: Identifies strong vs. weak market conditions
### 📊 Multiple Display Options
- **Histogram Visualization**: Columns showing the gap between Regular and Delta RSI
- **Cross Signals**: Triangle markers for crossover events
- **Ribbon Fill**: Color-coded area between the two RSI lines
- **Real-time Table**: Summary table showing current values and trends
## Input Parameters
### Core Settings
- **RSI Period** (default: 14): Calculation period for both RSIs
- **Strength Smoothing** (default: 14): Smoothing period for strength calculation
- **Strength Threshold** (default: 5): Minimum level for strong trend classification
### Visual Customization
- **Show Histogram**: Toggle histogram display
- **Show Signals**: Display crossover signals
- **Show Labels**: Enable trend labels and information table
- **Histogram Height Scale**: Adjust histogram visibility (0.1-3.0)
- **Apply Ribbon Fill**: Enable/disable ribbon coloring
### Color Scheme
- Fully customizable colors for bullish, bearish, neutral, and strength elements
## Interpretation
### Trend Signals
- **Strong Uptrend**: Regular RSI > Delta RSI + Strength above threshold
- **Strong Downtrend**: Regular RSI < Delta RSI + Strength above threshold
- **Weak Trend**: Strength below threshold
### Key Levels
- **Overbought**: 70 level (red line)
- **Oversold**: 30 level (blue line)
- **Midline**: 50 level (gray dotted line)
- **Zero Line**: Histogram baseline
- **Threshold**: Strength reference line
### Signal Types
1. **Crossover Signals**: Regular RSI crossing above/below Delta RSI
2. **Strength Transitions**: Strength line crossing threshold
3. **Histogram Patterns**: Column color and height changes
## Alerts
The indicator provides four alert conditions:
- Divergence Strength Rising
- Divergence Strength Falling
- RSI Crossover (Regular above Delta)
- RSI Crossunder (Regular below Delta)
## Use Cases
- **Trend Confirmation**: Validate price trends with volume confirmation
- **Reversal Detection**: Spot potential trend changes early
- **Momentum Analysis**: Gauge market momentum strength
- **Divergence Trading**: Identify regular/volume RSI divergences
## Optimization Tips
- Adjust period lengths based on trading timeframe
- Modify threshold based on market volatility
- Combine with price action for confirmation
- Use in conjunction with support/resistance levels
This indicator is particularly useful for traders looking to incorporate volume confirmation into their RSI analysis and identify high-probability trend continuations or reversals.
