BTC InsightThis script is a comprehensive tool for analyzing Bitcoin's daily price range, trend predictions, and significant volume-based order block levels. It combines multiple technical analysis concepts, including exponential moving averages (EMAs), logarithmic calculations, and custom indicators for advanced forecasting and visualization.
Key Features and Technical Details
1. Exponential Moving Averages (EMAs)
The script calculates two smoothed EMAs:
EMA1 and EMA2 are derived from the logarithmic price of Bitcoin (log(close)).
The smoothing periods and multipliers are user-configurable through inputs:
Smoothed EMA1 Period (default: 728)
Smoothed EMA2 Period (default: 728)
Initial EMA Multipliers (default: 1.0 for EMA1, 5.0 for EMA2)
A time decay factor is applied to the multipliers to adjust sensitivity over time, making the EMAs adaptive to market dynamics.
2. Logarithmic Domain Calculations
The script uses logarithmic transformations to enhance accuracy when dealing with large price changes.
Adjustments to EMAs are made in the logarithmic domain and converted back to the price domain for plotting.
3. EMA Forecasting
The script performs a linear regression analysis over a specified period (728 bars by default) to estimate future price trends for both EMAs.
Slope Adjustments:
RSI (Relative Strength Index) is incorporated to modify the forecast slope dynamically:
RSI > 70: Bearish adjustment (-0.5)
RSI < 30: Bullish adjustment (+0.5)
Forecasts are plotted as dashed lines, projecting future values of EMA1 (green) and EMA2 (red).
4. Order Block Detection
Detects order block levels based on high volume spikes relative to the average volume over a lookback period (default: 100 bars).
A volume multiplier (default: 1.5x) is applied to identify significant volume activity.
Two types of order blocks are identified:
Below EMA1: A price zone where significant buying occurred below EMA1.
Above EMA2: A price zone where significant selling occurred above EMA2.
Order blocks are visualized as shaded rectangles:
Green boxes represent order blocks below EMA1.
Red boxes represent order blocks above EMA2.
5. Customization Inputs
The script allows fine-tuning via the following parameters:
EMA Settings: Periods, multipliers, and time factors for both EMAs.
Volume Analysis Settings: Lookback period and volume multiplier for order block detection.
Order Block Box Settings: Height of the range as a percentage of the detected price.
6. Visualization
EMAs: Two smoothed exponential moving averages are plotted with configurable offsets.
Forecast Lines: Dashed lines project future EMA trends based on regression analysis.
Order Block Boxes: Highlight areas of high volume below EMA1 and above EMA2, indicating potential support or resistance zones.
How It Works in Practice
EMAs and Trend Analysis:
The EMAs represent long-term market trends, adjusted dynamically using custom multipliers and time decay.
The script forecasts the EMAs' future trajectories to anticipate potential price movements.
Order Blocks:
High-volume zones indicate areas where significant market activity occurred, providing insights into potential price reversal points or continuation zones.
RSI Integration:
RSI-based slope adjustment fine-tunes the EMA forecast, adding an extra layer of dynamic market context.
Comprehensive View:
By combining trend forecasts with volume-based zones, the script delivers a robust analysis tool for identifying potential entry/exit points, support/resistance levels, and long-term trend predictions.
النطاقات والقنوات
Drummond Geometry - Pldot and EnvelopeThis Pine Script will:
1.Calculate and display the PL Dot (Price Level Dot), a moving average that reflects short-term market trends.
2.Plot the Envelope Top and Bottom lines based on averages of previous highs and lows, which represent key areas of resistance and support.
Drummond Geometry Overview
Drummond Geometry is a method of market analysis focused on:
PL Dot : Captures market energy and trend direction. It reacts to price deviations and serves as a magnet for price returns, often referred to as a "PL Dot Refresh."
Envelope Theory : Considers price movements as cycles oscillating between the Envelope Top and Bottom. Prices breaking these boundaries often indicate trends, retracements, or exhaustion.
The geometry helps traders visualize energy flows in the market and anticipate directional changes using established support and resistance zones.
Understanding PL Dot and Envelope Top/Bottom
PL Dot:
Formula: Average(Average(H, L, C) of last three bars)
Usage: Indicates short-term trends:
Trend: PL Dot slopes upward or downward.
Congestion: PL Dot moves horizontally.
Envelope Top and Bottom:
Formula:
Top: (11 H1 + 11 H2 + 11 H3) / 3
Bottom: (11 L1 + 11 L2 + 11 L3) / 3
Usage: Acts as dynamic resistance and support:
Price above the top: Indicates strong bullish momentum.
Price below the bottom: Indicates strong bearish momentum.
Advantages of Drummond Geometry
Clarity of Market Flow: Highlights the relationship between price and key levels (PL Dot, Envelope Top/Bottom).
Predictive Power: Suggests possible reversals or continuation based on energy distribution.
Adaptability: Works across multiple time frames and market types (trending, congestion).
Trading Strategy
PL Dot Trades:
Buy: When price returns to the PL Dot in an uptrend.
Sell: When price returns to the PL Dot in a downtrend.
Envelope Trades:
Reversal: Trade counter to price if it breaks and retreats from the Envelope Top/Bottom.
Continuation: Trade in the direction of price if it sustains movement beyond the Envelope Top/Bottom.
Enhanced Kaufman Adaptive Moving Average (KAMA) with Bollinger B# Enhanced Kaufman Adaptive Moving Average (KAMA) with Bollinger Bands
## Overview
This indicator combines the Kaufman Adaptive Moving Average (KAMA) with Bollinger Bands to create a comprehensive trading system. It provides adaptive trend following capabilities while measuring market volatility and potential reversal points.
## Key Features
- Adaptive moving average that adjusts to market conditions
- Dynamic Bollinger Bands for volatility measurement
- Color-coded KAMA line indicating trend direction
- Integrated buy/sell signals based on multiple confirmations
- Customizable parameters for both KAMA and Bollinger Bands
- Optional bar confirmation wait feature
- Built-in alert conditions for trade signals
## Main Components
### 1. Kaufman Adaptive Moving Average (KAMA)
- Adapts to market volatility using an efficiency ratio
- Changes color based on trend direction (green for uptrend, red for downtrend)
- Adjustable parameters for fine-tuning:
- Base Length: Controls the main calculation period (default: 10)
- Fast EMA Length: For rapid market response (default: 2)
- Slow EMA Length: For stable market conditions (default: 30)
### 2. Bollinger Bands
- Standard deviation-based volatility bands
- Customizable length and standard deviation multiplier
- Includes expansion threshold for volatility measurement
- Components:
- Upper Band: Upper volatility threshold
- Middle Band: Simple moving average
- Lower Band: Lower volatility threshold
## Signal Generation
### Buy Signals
Generated when:
1. KAMA color changes from red to green
2. Price closes above KAMA
3. Price closes above the middle Bollinger Band
4. Signals are marked with:
- Green triangles below the candles
- "B" labels for easy identification
### Sell Signals
Generated when:
1. KAMA color changes from green to red
2. Price closes below KAMA
3. Price closes below the middle Bollinger Band
4. Signals are marked with:
- Red triangles above the candles
- "S" labels for easy identification
## Customizable Parameters
### KAMA Settings
- Base Length (1-50)
- Fast EMA Length (1-10)
- Slow EMA Length (10-50)
- Source Price Selection
- Direction Highlight Toggle
- Bar Confirmation Option
### Bollinger Bands Settings
- Length (default: 20)
- Standard Deviation Multiplier (default: 2.0)
- Expansion Threshold (0.1-3.0)
## Alert Functionality
Built-in alerts for:
- Buy signals with customizable messages
- Sell signals with customizable messages
## Best Practices
### Timeframe Selection
- Works well on multiple timeframes
- Recommended for 15m to 4h charts for optimal signal generation
- Higher timeframes provide more reliable trend signals
### Parameter Optimization
- Adjust KAMA lengths based on trading style:
- Shorter lengths for day trading
- Longer lengths for swing trading
- Fine-tune BB multiplier based on market volatility
- Consider waiting for bar confirmation in volatile markets
### Risk Management
- Use in conjunction with other indicators for confirmation
- Consider market conditions and volatility when trading signals
- Implement proper position sizing and stop-loss levels
## Technical Notes
- Written in Pine Script™ v6
- Overlay indicator (displays on price chart)
- Compatible with all TradingView-supported markets
- Resource-efficient implementation for smooth performance
## Disclaimer
This indicator is provided under the Mozilla Public License 2.0. While it can be a valuable tool for technical analysis, it should not be used as the sole basis for trading decisions. Always combine with proper risk management and additional analysis methods.
Enhanced Entropy Trading SystemEnhaոсeԁ Entrору Trаdiոg Sуstem - Cоmpreheոsіνe Gսiԁe
Oνerνіew
Thіs iոԁiсatоr is aո adνаոсed traԁіոg system that соmbiոes entrорy аnalуsis wіth mսltіple aԁaрtіνe filters to iԁeոtіfy high-рrobаbilіtу trаdіng орроrtuոіties. It meаsսres market rаndomոess (eոtrорy) and uses іt аlоngsiԁe νоlսme аnԁ vоlаtіlіtу to geոerate trаdiոg sigոаls.
Cоre Cоmроոeոts
1. Enhanced Entrору Aոalysis
Cаlсսlates mаrket eոtrору (measure оf rаոԁоmոess/orԁer іn рrісe movemeոts)
Uses аdaptіve cаlculatіоոs bаseԁ оո:
Volume weightіng
Vоlаtіlіtу sсalіոg
Dуոamіс leոgth aԁјustmeոt
Helрs іdeոtifу shifts betweeո orԁereԁ аոԁ rаndоm mаrket states
2. Aԁaptіνe Filters
The system іnclսԁes seνeral customizable fіlters:
Adаptiνe Leոgth: Autоmatiсаllу aԁјսsts сalсսlаtіoո рerіоԁs bаseԁ oո market conԁitіоոs
Vоlսme Weightіոg: Iոсоrpоrates vоlume аnаlуsis fоr sіgոаl vаlіdаtiоn
Vоlatіlіty Sсaling: Aԁjusts sensіtiνіtу bаseԁ оn mаrket νоlatіlіty
Hսrst Eхроոeոt: Meаsսres trenԁ persіstence
Lуарսոоv Expоոeոt: Meаsսres chаos/stabіlity iո priсe mоvemeոt
Treոd Fіlter: Uses mоνіոg aνerаge сrossoνers for treոԁ сoոfіrmаtiоո
Dаshboard Iոterрretаtion
1. Treոd Anаlуsis
Shоws сurreոt treոd state: Strоոg/Weаk Uрtrenԁ оr Dowոtrenԁ
Bаsed оn mսltіple EMA relаtіoոshіps (20, 50, 200)
Cоlоr cоԁіոg: Greeո (strоng սр), Lime (weak սp), Red (strоոg dowո), Orаոge (weаk ԁоwո)
2. Prісe Rаոge
Iոԁісаtes cսrrent market νоlаtіlity соոteхt
Clаssifіcаtіоns: Wіde, Normal, оr Tіght rаnge
Perсentаge-baseԁ meаsսrement оνer 20 perіоds
Helps wіth роsіtiоn sizіոg aոԁ stоp placement
3. Rаոge Pоsіtiоn
Shows where price іs withіո its curreոt rаոge
Stаtes: Overboսght, Neutral, or Oνersоlԁ
Perсeոtаge-bаsed рosition (0-100%)
Useful for mean reνersіoո trаԁes
4. Prісe Pаtterո
Iԁentifies сսrrent рriсe actіoո patterո
Patterոs іnсlսde: Breakоut, Breakdоwո, Resistаոce Test, Sսpрort Test, Rаnge Boսnd
Helps with eոtrу timіng аnԁ patterո trаdіng
Sуstem Use Suggestіоոs
1. Initіаl Setuр
Eոable/dіsаble desіred filters based оո уоur trаԁіng stуle
Aԁјսst sensitіνіtу settiոgs if ոeeԁed
Mоոіtоr the dаshboard for mаrket соոtext
2. Trаԁіng Process
Market Aոаlуsіs:
Check Treոd Analysіs fоr оνerall ԁіreсtion
Reνіew Priсe Rаnge for vоlаtіlіty соոteхt
Cоոfirm Rаnge Posіtion fоr сусle loсаtіоո
Verіfу Prісe Pаtterո fоr entry timіոg
Sіgnal Valіdatioո:
Wait fоr buу/sell sіgոal
Cоոfіrm wіth dаshboаrԁ metriсs
Check аll аctіνe fіlters
Verifу νоlսme аոԁ νolаtіlіtу соոԁіtiоns
Trаԁe Maոаgemeոt:
Use Prіce Raոge for stор lоss рlаcemeոt
Coոsіԁer Rаոge Pоsіtiоո for profit tаrgets
Mоոіtоr Patterո recоgոіtіоո fоr eхit sіgոals
Aԁjսst роsitіoո size baseԁ oո Range wіdth
Best Prаctісes
Signal Streոgth:
Strongest sіgոаls oсcսr when all fіlters alіgո
Lоok fоr patterո сonfіrmаtіon іո ԁashbоаrԁ
Wаіt fоr cleаr treոԁ ԁireсtiоո
Verіfу vоlume sսрport
Rіsk Managemeոt:
Use wіԁer stорs іn Wіԁe Rаոge mаrkets
Tіghter stoрs iո Tіght Range markets
Scаle pоsіtіоn sіze bаseԁ оո Raոge wіdth
Consіԁer Raոge Pоsіtіоո fоr entrу timing
Mаrket Cоոԁіtions:
Most effectіνe іո treոԁіng markets
Use саսtiоո іn eхtremely vоlatile perіoԁs
Adjսst strаtegу baseԁ оո Range state
Consiԁer Patterո sigոаls fоr entrу/eхіt
Aԁԁіtіоnal Tірs
Optimіzatіoո:
Start wіth all filters enableԁ
Remоve filters thаt dоn't sսіt yoսr tіmefrаme
Adјսst leոgths baseԁ оո yоսr trаdіոg stуle
Mоոіtоr рerformanсe аnd aԁjսst aссorԁіnglу
Cоmmoո Mіstаkes to Aνоіd:
Don't trаԁe аgаіոst the mаіn treոԁ
Aνоiԁ fоrсiոg trades iո սոсleаr coոdіtioոs
Don't іgnоre νolսme aոԁ vоlatіlity соոteхt
Dоn't oνerrіԁe sуstem sіgnаls
Four Supertrend By Baljit AujlaThis Pine Script is an implementation of a "Four Supertrend" indicator by Baljit Aujla. It calculates and plots four Supertrend indicators based on the Average True Range (ATR) method, allowing for different ATR periods and multipliers for each line.
Here is an explanation of the key components:
Inputs
1:- ATR Periods: Four different periods for ATR, adjustable by the user (defaults: 10, 11, 12, 13).
2:- ATR Multipliers: Four different multipliers for the ATR, adjustable by the user (defaults: 1.0, 2.0, 3.0, 4.0).
3:- Source: The data source used for calculation, default is the average of high and low prices (hl2).
4:- Change ATR Calculation Method: Option to switch between the traditional ATR and a simple moving average of true range (SMA of TR).
5:- Signal Display- Options to show buy/sell signals and highlight trends.
Logic:
The script computes four separate Supertrend lines using the ATR method for each line. For each of the four lines, it calculates an uptrend and downtrend threshold, and the trend direction changes when the close price crosses these thresholds.
For each trend line:
1. Uptrend and Downtrend Calculation: The script uses ATR-based bands above and below the price. The uptrend line is calculated by subtracting the ATR multiplied by a given multiplier from the source price, and the downtrend line is calculated by adding the ATR multiplied by a multiplier to the source price.
2. Trend Reversal Logic: The trend switches based on the price action relative to the uptrend and downtrend lines. If the price moves above the downtrend, it signals a switch to an uptrend, and vice versa for a downtrend.
3. Signal Generation: Buy signals occur when the trend changes from negative to positive (down to up), and sell signals occur when the trend changes from positive to negative (up to down).
Plots:
The script plots:
Uptrend and Downtrend Lines: These are visualized as green and red lines for each trend.
Buy/Sell Signals: Small circles are drawn on the chart when a trend change occurs (buy and sell signals).
Trend Highlighting: Background highlighting is applied to show when the market is in an uptrend (green) or downtrend (red).
Alerts:
The script has commented-out alert conditions (alertcondition), which can be enabled to send notifications when a buy or sell signal occurs, or when a trend change happens.
Enhancements:
1. Background Highlighting: This is an option to visually emphasize uptrends and downtrends by filling the background with respective colors.
2. Signal Visibility: You can toggle whether to show the buy/sell signals on the chart.
3. ATR Calculation Method: Option to change the ATR calculation method (using SMA of TR vs the default ATR).
The script is useful for identifying multi-timeframe trends with adjustable parameters and provides both signals and visual markers on the chart to aid in trading decisions.
Issues and Improvements:
The code seems to be truncated, specifically for the last Supertrend line (Line 4). To fully complete the functionality for the fourth line, the logic for up4, down4 and tread4 needs to be finished, similar to the other three lines.
Would you like help finishing the script for the fourth line or improving specific parts of it?
Quantum Transform - AynetQuantum Transform Trading Indicator: Explanation
This script is called a "Quantum Transform Trading Indicator" and aims to enhance market analysis by applying complex mathematical models. Written in Pine Script, the indicator includes the following elements:
1. General Structure
Quantum Parameters: Inspired by physical and mathematical concepts (Planck constant ℏ, wave function Ψ, time τ, etc.), it uses specific parameters.
Transformation Functions: Applies various mathematical operations to transform price data in different ways.
Signal Generation: Produces signals for long and short positions.
Visualization: Displays different price transformations and signals on the chart.
2. Core Parameters
The parameters allow users to control various transformations:
Planck Constant (ℏ): A scaling factor for wave modulation.
Wave (Ψ): Controls oscillation in price data.
Time (τ): The length of the lookback period for calculations.
Relativity (γ): Power factor in the Lorentz transformation.
Phase Shift (β): Manages phase shift in transformations.
Frequency (ω): Represents the frequency of price movements.
Dimensions (∇): Enables multi-dimensional field analysis.
3. Functions
a) Relativistic Transform
Inspired by the theory of relativity.
Calculates the Lorentz factor using the rate of price change.
Transforms price data to amplify the relativity effect.
b) Phase Transform
Calculates the phase of price data and applies wave modulation.
Creates phase and amplitude modulation based on the bar index.
c) Resonance Transform
Calculates resonance effects using natural frequency and oscillations.
Highlights periodic behaviors of price movements.
d) Field Transform
Applies multi-dimensional field calculations.
Combines strength, wave, and coherence aspects of price data.
e) Chaos Transform
Implements a chaos effect based on sensitivity analysis.
Simulates chaotic behaviors of price movements.
4. Main Calculations
Quantum Price: The average of all transformation functions.
Bands:
Upper Band: The highest level of quantum price.
Lower Band: The lowest level of quantum price.
Mid Band: The average of upper and lower bands.
Momentum: Calculates the rate of change in quantum price.
5. Signal Generation
Long Signal:
Triggered when the phase price crosses above the field price.
Momentum must be positive, and the price above the mid-band.
Short Signal:
Triggered when the phase price crosses below the field price.
Momentum must be negative, and the price below the mid-band.
Signal strength is calculated relative to the momentum moving average.
6. Visualization
Each transformation is displayed in a unique color.
Bands and Momentum: Visualize price behavior.
Signal Icons: Show buy/sell signals using up/down arrows on the chart.
7. Information Panel
A table in the top-right corner of the chart displays:
The current values of each transformation.
Signal strength (as a percentage).
The type of signal (⬆: Long, ⬇: Short).
Applications
Trend Following: Analyze trends with complex transformations.
Resonance and Chaos Analysis: Understand dynamic behaviors of price.
Signal Strategies: Create strong and reliable buy/sell signals.
If you have any additional questions or customization requests regarding this indicator, feel free to ask!
Market Session Times and Volume [Market Spotter]Market Session Times and Volume
Market Session Times
Inputs
The inputs tab consists of timezone adjustment which would be the chosen timezone for the plotting of the market sessions based on the market timings.
Further it contains settings for each box to show/hide and change box colour and timings for Asian, London and New York Sessions.
How it works
The indicator primarily works by marking the session highs and lows for the chosen time in the inputs, each of the sessions can be input a custom time value which would plot the box. It helps to identify the important price levels and the trading range for each individual session.
The midpoint of each session is marked with a dashed line. The indicator also marks a developing session while it being formed as well to identify potential secondary levels.
Usage
It can be used to trade session breakouts, false breaks and also divide the daily movement into parts and identify possible patterns while trading.
2. Volumes
Inputs
The volume part has 2 inputs - Smoothing and Normalisation. The smoothing period can simply be used to take in charge volumes of last X bars and normalisation can be used for calculating relative volumes based on last Y bars.
How it works
The indicator takes into account the buy and sell volumes of last X bars and then displays that as a relative smoothed volume which helps to identify longer term build or distribution of volume. It plots the positive volume from 0 to 100 and negative volume from 0 to -100 which has been normalised. The colors identify gradual increase or decrease in volumes
Usage
It can also be used to trade volume spikes well and can identify potential market shifts
Candle Average PriceOverview
The Candle Average Price indicator is a custom tool designed to help traders identify key price levels by calculating and displaying the average price of recent candles on your TradingView chart. This indicator computes the average price based on a user-defined percentage of each candle's range over a specified number of candles. It then plots a horizontal line representing this average, covering only the last N candles as defined by you.
Key Features
Customizable Number of Candles: Define how many past candles to include in the average calculation.
Adjustable Percentage Level: Choose any percentage of each candle's range (from low to high) to calculate the price level.
Dynamic Horizontal Line: The indicator plots a horizontal line representing the calculated average, updating with each new bar and covering only the specified number of candles.
How It Works
Price at Specified Percentage:
For each candle, the indicator calculates a price level at your chosen percentage within the candle's range.
Formula: Price = Low + (Percentage Level / 100) * (High - Low)
Average Price Calculation:
It computes the average of these price levels over the last N candles.
Formula: Average Price = Sum of Price Levels over N Candles / N
Horizontal Line Plotting:
A horizontal line is drawn at the calculated average price level.
The line spans from N candles ago to the current candle, covering exactly the number of candles specified.
Input Parameters
Number of Candles (length):
Description: The number of recent candles over which the average is calculated.
Default Value: 4
Range: 1 to any positive integer.
Usage: Adjust this to include more or fewer candles in the calculation. A higher number smooths the average, while a lower number makes it more responsive to recent price changes.
Percentage Level (%):
Description: The percentage within each candle's range to calculate the price level.
Default Value: 50%
Range: 0% (candle low) to 100% (candle high).
Usage: Modify this to focus on different parts of each candle:
0%: Uses the low of each candle.
50%: Uses the midpoint of each candle.
100%: Uses the high of each candle.
Custom Percentage: Any value between 0% and 100% to target specific levels.
How to Use the Indicator
Adding the Indicator to Your Chart:
Open the TradingView chart of your preferred financial instrument.
Click on Indicators at the top of the chart.
Select Invite-Only Scripts if you've saved the script there, or use the Pine Editor to paste and apply the script.
Configuring the Settings:
After adding the indicator, click on the gear icon ⚙️ next to its name to open settings.
Adjust the Number of Candles (length) to your desired period.
Set the Percentage Level (%) (percentage) to the specific level within each candle's range you want to analyze.
Interpreting the Horizontal Line:
The horizontal line represents the average price calculated based on your inputs.
It updates with each new bar, always reflecting the most recent data over the specified number of candles.
The line only spans the last N candles, providing a focused view of recent price action.
Practical Applications
Identifying Support and Resistance Levels:
The average price line can act as a dynamic support or resistance level.
Traders can watch for price reactions around this line to make trading decisions.
Trend Analysis:
Observing how the price interacts with the average line can provide insights into the current trend's strength and potential reversals.
Entry and Exit Signals:
Use the line as a reference point for setting stop-loss orders or taking profits.
Combine it with other indicators for more robust trading signals.
In highly volatile markets, consider increasing the number of candles to avoid false signals.
Limitations and Considerations
Not a Standalone Tool:
This indicator should not be used in isolation for making trading decisions. Always consider additional analysis.
Market Conditions Matter:
The indicator may perform differently in trending markets versus ranging markets.
Data Refresh:
Ensure you have a stable internet connection and that your TradingView chart is set to the correct time frame.
Conclusion
The Candle Average Price indicator is a flexible and user-friendly tool that provides valuable insights into recent price action by calculating the average price based on your specific criteria. By adjusting the parameters to suit your trading style, you can incorporate this indicator into your technical analysis to help identify potential trading opportunities.
Disclaimer: Trading financial instruments involves risk, and past performance is not indicative of future results. This indicator is a tool to assist in analysis and should not be considered financial advice.
Happy Trading!
TMA Bands TMA (Triangular Moving Average):
Üçgen hareketli ortalamalar, fiyat verilerini yumuşatarak trendi daha net göstermek için kullanılır.
"Centered Asymmetric Bands" terimi, bu indikatörün merkezlenmiş bir yapıda çalıştığını ve farklı genişliklerde bantlar içerdiğini gösteriyor.
TCSE24TCSE24 or Trendband Cycle Special Edition is designed to help create a simple trading plan by identifying potential Entry, Exit, Target Price, and Stop Loss. I use TCSE24 as a guide for short-term swing trading!
Please note, TCSE24 is not a directional indicator but fits better in Trend Following Strategy.
Only work with chart that have volume by default
Signals for Bullish Trade
1. Trendband Below Candlestick
Filled Red with a Purple Line.
2. Cycle Begin
Bar Color: Vivid Green.
Green Circle Above Candlestick: Target Price.
Green Circle Below Candlestick: Pullback Entry.
Red Circle Below Candlestick: Stop Loss.
3. Breakout
Bar Color: Lemon Green.
Green Circle Below Candlestick: Pullback Entry.
Red Circle Below Candlestick: Stop Loss.
4. Broken Minor Support
Bar Color: Yellow.
Price closes below the lowest low of the last 4 candles.
5. Volume Test
Green Triangle-Up below Candlestick.
Current bar shows 3 consecutive falling volumes.
6. Inside Bar
Orange Triangle-Up below Candlestick.
High and low are within the high and low of the previous candlestick.
7. Box Trading
Purple Diamond
8. Cycle End
Bar Color: Red.
Red Triangle-Up below Candlestick.
9. Info Panel
Background Green, turning Yellow after 20 bars from Cycle Begin.
Background Red when Cycle Ends.
Displays info such as Current Price, Target Price, Pullback Price, Stop Loss.
________________________________________
Signals for Bearish Trade
1. Trendband Above Candlestick
Filled with Blue.
2.Short Selling Begin
Bar Color: Blue.
Blue Circle Above Candlestick: Stop Loss.
Blue Circle Below Candlestick: Target Price.
3. Breakdown
Blue Circle Above Candlestick: Stop Loss.
4. Short Selling End
Bar Color: White.
Blue Triangle-Down above Candlestick.
5. Info Panel
Background Blue throughout the trade.
________________________________________
Bullish Trade Entry Suggestions
1. Ensure Cycle Begin is confirmed:
Buy near the closing price.
Use a Buy Stop 2 ticks higher than Cycle Begin's highest price.
Use a Buy Limit at the pullback price.
Wait for a signal candlestick, then Buy the next day if the price rises above the signal candlestick’s high.
2. Ensure Breakout is confirmed:
Buy near the closing price.
Use a Buy Stop 2 ticks higher than Breakout’s highest price.
Use a Buy Limit at the pullback price.
3. Box Trading:
Buy on the third day (T3).
Buy above the Box Trading line.
4. Candlestick Signal:
Ensure the signal candlestick is confirmed:
Look for Doji, Spinning Top, or Hammer patterns.
Buy the next day if the price rises above the signal candle's high.
________________________________________
Bullish Trade Exit Suggestions
1. Target Sell
Sell when the Target Price (TP) is reached or hold as long as Stop Loss isn’t hit.
Sell if the price doesn’t move, doesn’t reach the target, or doesn’t hit the Stop Loss after 20 candles from Cycle Begin.
Sell if the price closes below the Stop Loss.
2. Candlestick Signal
Look for Doji, Spinning Top, or Hammer patterns.
Sell the next day if the price drops below the signal candle's low.
________________________________________
Bearish Trade Suggestions
Ensure Short Selling Signal or Breakdown is confirmed:
Sell near the closing price.
Close the position at Target 1, Target 2, Target 3.
Close the position if Stop Loss is hit or when Short Selling End appears.
________________________________________
Any alert() function call freq
Once_per_bar_close
Cycle Begin, Inside Bar, Doji, Hammer, Spinning Top, Box Trading, Volume Test, Short Selling
Once_per_bar
Breakout, Cycle End
For educational purposes only and should not be taken as advice on how to invest your capital. Always speak with a professional financial planner or advisor before making any investment decisions.
Bollinger Bands Adjusted for VolatilityDescription:
The Bollinger Bands Adjusted for Volatility is an advanced technical indicator designed to combine the precision of smoothed Bollinger Bands with the adaptability of linear regression for volatility analysis. This tool offers traders a dynamic way to visualize market trends while accounting for recent price movements and fluctuations in volatility.
Core Functionality:
Exponential Moving Average (EMA):
The indicator begins by calculating an Exponential Moving Average (EMA) over a user-defined period. This serves as the foundational trendline, smoothing out short-term fluctuations to highlight the overall trend.
Linear Regression Smoothing:
To account for price trends with greater precision, a Linear Regression line is calculated over a specified period.
The linear regression output is further smoothed using an EMA, ensuring a responsive yet stable representation of the price trend.
Standard Deviation and Volatility:
The indicator computes the standard deviation of the closing prices over the EMA period, dynamically capturing market volatility.
This measure of volatility is then integrated into the calculation of the upper and lower bands.
Smoothed Bollinger Bands:
The upper and lower bands are constructed by adjusting the smoothed linear regression line with the standard deviation, scaled by a user-defined multiplier.
This approach adapts to changing market conditions, offering a more nuanced view compared to traditional Bollinger Bands.
Visual Components:
EMA Line (Blue): A stable trendline that reflects the underlying market direction.
Upper Band (Red): Represents the upper boundary, adjusted for volatility and smoothed by linear regression.
Lower Band (Green): Marks the lower boundary, providing a measure of support based on volatility.
Band Fill (Shaded Area): A dynamic fill between the upper and lower bands for enhanced visualization of the price range.
Advanced Concepts:
Volatility-Responsive Bands:
By integrating the standard deviation into the bands and smoothing with linear regression, the indicator reacts effectively to market dynamics, widening during high volatility and contracting during low volatility.
Trend Adaptation:
The smoothed linear regression ensures that the bands align closely with the prevailing market trend, reducing noise and improving accuracy.
Applications:
Trend Identification:
Use the EMA and the central smoothed linear regression to identify the primary trend.
Observe price interaction with the upper and lower bands for potential trend continuations or reversals.
Volatility-Based Strategies:
Monitor band expansions and contractions to gauge shifts in market volatility.
Trade breakouts or reversals when the price breaches the bands under extreme conditions.
Support and Resistance:
The upper and lower bands act as dynamic support and resistance levels, adapting to the current market environment.
Disclaimer:
This indicator is provided for informational and educational purposes only. It does not constitute financial advice. Users should exercise caution and perform their own analysis when making trading decisions.
Optimus Trader Consolidation V.1 Indicator Description: "Optimus Trader Consolidation V.1"
This Pine Script indicator is designed to assist traders by identifying key market conditions, including **trend direction**, **volume dynamics**, **liquidity zones**, and **consolidation periods**, alongside candlestick patterns like **Pin Bars** and **Inside Bars**. It provides clear buy and sell signals based on a confluence of these factors. Here’s a detailed breakdown of its functionality:
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Key Features:
1. **Moving Average (MA) and VWAP Integration**:
- The indicator uses a 50-period Simple Moving Average (SMA) and VWAP (Volume Weighted Average Price) to identify the market trend.
- **Uptrend**: Price is above both the MA and VWAP.
- **Downtrend**: Price is below both the MA and VWAP.
2. **Volume Threshold**:
- A dynamic volume threshold is calculated based on the 20-period SMA of volume, multiplied by a factor of 1.2.
- This ensures signals are filtered to consider only significant volume spikes, avoiding noise from low-volume periods.
3. **Pin Bar Detection**:
- Identifies bullish and bearish Pin Bars based on candlestick characteristics:
- **Bullish Pin Bar**: Large wick above the body, small lower wick, and a green body.
- **Bearish Pin Bar**: Large wick below the body, small upper wick, and a red body.
4. **Inside Bar Detection**:
- Detects Inside Bars, where the current candle’s high and low are fully contained within the previous candle’s range.
- Indicates a period of indecision or potential breakout zones.
5. **Liquidity Zone Identification**:
- Uses recent 20-period highs and lows to approximate liquidity zones.
- Highlights areas where price is near these zones, indicating potential support or resistance.
6. **Buy and Sell Signal Generation**:
- **Buy Signal**: Triggered when a bullish Pin Bar or Inside Bar occurs in an uptrend, with high volume, and near liquidity zones.
- **Sell Signal**: Triggered when a bearish Pin Bar or Inside Bar occurs in a downtrend, with high volume, and near liquidity zones.
- Signals are visually plotted with green (BUY) and red (SELL) markers.
7. **Consolidation Zone Detection**:
- Identifies periods of low price range volatility using a user-defined period (`length`) and range threshold (`range_threshold` in %).
- Highlights periods where the price range is less than the threshold, visually marking consolidation zones.
- Upper and lower boundaries of consolidation zones are plotted with green and red lines, respectively.
8. **Visual Enhancements**:
- Consolidation zones are shaded with a blue background to make them easily recognizable.
- Clear markers for buy and sell signals help traders quickly spot opportunities.
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Use Cases:
- **Trend Confirmation**: By integrating MA, VWAP, and volume analysis, this indicator helps confirm trends before entering trades.
- **Liquidity Zone Trading**: Identifies price areas where support or resistance may lead to significant price movement.
- **Consolidation Breakouts**: Highlights consolidation zones, which often precede explosive moves, allowing traders to anticipate breakouts.
- **Candlestick Reversal Patterns**: Pin Bars and Inside Bars are powerful patterns that provide early indications of potential reversals or continuation setups.
---
Customizable Parameters:
- **MA Period**: Length of the moving average (default: 50).
- **Volume Threshold**: Sensitivity to volume spikes (default: 20-period SMA × 1.2).
- **Consolidation Period**: Lookback period for identifying consolidation (default: 20).
- **Consolidation Range Threshold**: Maximum percentage range considered as consolidation (default: 1%).
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Visualization:
- **Green BUY Signals**: Bullish opportunities based on confluence of patterns, trends, and volume.
- **Red SELL Signals**: Bearish opportunities under similar conditions.
- **Consolidation Zones**: Marked by shaded blue backgrounds and clear horizontal lines for high and low boundaries.
- **Dynamic Levels**: Liquidity zones (highs and lows) plotted for added context.
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Advantages:
- **Confluence of Factors**: Combines trend, volume, and candlestick analysis for robust signal generation.
- **Market State Detection**: Effectively identifies consolidation and breakout conditions.
- **Customizable**: Users can fine-tune parameters for different instruments or trading styles.
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This indicator is ideal for traders seeking a comprehensive tool to navigate market conditions with precision, leveraging multiple layers of analysis in a single, easy-to-use overlay.
Fibonacci BandsThis Pine Script is designed to help traders identify key support and resistance levels, as well as discern the broader market trend (bullish or bearish) while catching trend following moves. The code incorporates Fibonacci retracement levels to define potential areas of support and resistance, which are crucial for making informed trading decisions.
How It Helps in Finding Support and Resistance:
Fibonacci Retracement Levels: The core of this script lies in calculating Fibonacci retracement levels over the last 100 candles. These levels are widely used by traders to identify potential areas where the price may reverse or stall, based on historical price action. Specifically:
0.236, 0.382, and 0.618 are considered significant retracement levels that often act as dynamic support and resistance.
0.5 serves as a crucial dividing line, where the market is considered to be in a neutral state between the premium (above 0.5) and discounted (below 0.5) zones.
0.0 (low) and 1.0 (high) mark the extreme ends of the range and can act as major support or resistance levels in extreme market conditions.
By plotting these levels on the chart, the script visually highlights where the price is relative to these key Fibonacci points, allowing traders to spot areas where the market may reverse (resistance) or find support. This is especially useful for identifying where the price might bounce back up or face selling pressure.
Strong Support/Resistance: When the Fibonacci lines are extremely close together, it can indicate a stronger support or resistance zone. This happens because multiple Fibonacci levels are concentrated in a small price range, making that area more likely to act as a significant barrier to price movement. In such scenarios, the market may experience stronger reversals or pauses, as the confluence of levels creates a stronger resistance or support zone.
How It Helps in Determining the Market Trend (Bullish or Bearish):
Premium vs Discount Areas: The script defines the premium and discounted areas based on the 0.5 Fibonacci retracement level.
Premium Area (Above 0.5): When the price is above the 0.5 level, it indicates that the market is trading in a bullish zone, where buyers are in control, and the price is considered "expensive" or in an overbought condition.
Discounted Area (Below 0.5): When the price is below the 0.5 level, it signals a bearish trend, where the market is in a "discounted" state, and buyers may start to look for potential buying opportunities.
Trend Direction: By observing whether the price is in the premium or discounted zone, traders can assess the overall market sentiment:
If the price is consistently above 0.5, it may suggest a bullish trend, indicating that the market is trending upwards.
Conversely, if the price is staying below 0.5, it may imply a bearish trend, suggesting a downward move or market weakness.
As well the 0.382 band could be used to trail a stop loss for a specific trade and keep moving with the unfolding trend.
Summary:
This script combines Fibonacci retracement levels and price action analysis to determine key support and resistance levels and market trend direction. By identifying areas of premium and discount based on the 0.5 Fibonacci level, traders can gauge market sentiment and make more informed decisions about long or short positions. Furthermore, by using the Fibonacci retracements, traders are equipped with crucial levels that are often respected by the market, improving the accuracy of identifying potential trend reversals and price reactions. When Fibonacci lines are close together, they act as stronger support or resistance, further enhancing the reliability of these key zones.
Diamonds Infiniti - Aynet FiboThe "Diamonds Infiniti - Aynet Fibo" Pine Script combines the geometric visualization of diamond patterns with Fibonacci retracement levels to create an innovative technical indicator for analyzing market trends and potential reversal points. Below is a detailed explanation of the code and its functionality:
Key Features
Dynamic Fibonacci Levels
High and Low Points: The script calculates the highest high and lowest low over a user-defined lookback period (lookback) to establish a price range.
Fibonacci Price Levels: Using the defined price range, the script calculates the Fibonacci retracement levels (0%, 23.6%, 38.2%, 50%, 61.8%, 100%) relative to the low point.
Trend Change Detection
Crossovers and Crossunders: The script monitors whether the closing price crosses over or under the calculated Fibonacci levels. This detection is encapsulated in the isTrendChange function.
Trend Signal: If a trend change occurs at any of the Fibonacci levels (23.6%, 38.2%, 50%, 61.8%), the script flags it as a trend change and stores the bar index of the last signal.
Diamond Pattern Visualization
Diamond Construction: The drawDiamond function draws a diamond shape at a given bar index using a central price, a top price, and a bottom price.
Trigger for Drawing Diamonds: When a trend change is detected, the script draws two diamonds—one on the left and one on the right—connected by a central line. The diamonds are based on the calculated price range (price_range) and a user-defined pattern height (patternHeight).
Fibonacci Level Visualization
Overlay of Fibonacci Levels: The script plots the calculated Fibonacci levels (23.6%, 38.2%, 50%, 61.8%) on the chart as dotted lines for easier visualization.
Scientific and Trading Use Cases
Trend Visualization:
The diamond pattern visually highlights trend changes around key Fibonacci retracement levels, providing traders with clear indicators of potential reversal zones.
Support and Resistance Zones:
Fibonacci retracement levels are widely recognized as key support and resistance zones. Overlaying these levels helps traders anticipate price behavior in these areas.
Adaptive Trading:
By dynamically recalculating Fibonacci levels and diamond patterns based on the most recent price range, the script adapts to changing market conditions.
Possible Enhancements
Multi-Timeframe Support:
Extend the script to calculate Fibonacci levels and diamond patterns across multiple timeframes for broader market analysis.
Alerts:
Add alerts for when the price crosses specific Fibonacci levels or when a new diamond pattern is drawn.
Additional Patterns:
Include other geometric patterns like triangles or rectangles for further trend analysis.
This script is a powerful visualization tool that combines Fibonacci retracement with unique diamond patterns. It simplifies complex price movements into easily interpretable signals, making it highly effective for both novice and experienced traders.
Fibonacci Renko Trend - AynetThe "Fibonacci Renko Trend - Aynet" Pine Script combines the Renko charting technique with Fibonacci retracement levels to create a highly customizable and adaptive trend-following tool. Below is a detailed explanation of the script and its components:
Scientific and Trading Applications
Noise Reduction:
By using Renko charts, the script filters out time-based noise and focuses solely on price movement, making it ideal for trend-following strategies.
Adaptability:
The ATR-based box size ensures that the Renko blocks automatically adjust to market volatility, making the tool versatile for different market conditions and asset classes.
Fibonacci-Based Decision Making:
The integration of Fibonacci retracement levels provides a structured framework for identifying key support and resistance levels. Traders can use these levels to anticipate price reversals or continuations.
Visualization:
The color-coded Renko blocks allow traders to quickly identify trends and potential reversals without additional indicators, improving decision-making efficiency.
Possible Improvements
Signal Generation:
Add entry and exit signals when price crosses significant Fibonacci levels or when a trend reversal is detected.
Multi-Timeframe Support:
Extend the script to compute Renko levels and Fibonacci ratios for multiple timeframes simultaneously.
Alerts:
Implement alert notifications for key events, such as trend changes or Fibonacci level breaches.
This script is a robust tool for traders looking to combine the simplicity of Renko charts with the analytical power of Fibonacci retracement levels. It offers a clear visualization of price trends and potential reversal points, making it suitable for both novice and experienced traders.
Average High-Low Multi Time Frame Lines SunilTitle: Multi-Timeframe Average High-Low Levels with Custom Timeframes
Description:
This indicator calculates the average of high and low prices across up to four customizable timeframes. By default, it includes 30 minutes, 1 hour, 3 hours, and 1 day, but you can modify these directly in the input settings to suit your trading strategy.
Features:
Plots average high-low levels for selected timeframes with distinct colors.
Highlights buy zones (green) when the price is above all levels and sell zones (red) when the price is below all levels.
Marks areas where all levels align with a subtle blue background.
Use this tool to identify key levels and potential trading opportunities across multiple timeframes at a glance!
First 15-Min Candle Detector [With Breakout Alerts]Indicator: First 15-Minute Candle Detector
Purpose
This indicator helps traders by identifying and marking the high, low, and mid-point of the first 15-minute candle of the market session. It also provides visual aids and alerts for price breakouts above or below these levels, making it ideal for intraday trading strategies.
This script is suitable for traders focusing on early session momentum or reversal strategies.
Key Features
Market Start Customization: Configure the market start time (hour and minute) to align with your trading session or exchange timezone.
Visual Aids:
Horizontal lines to mark the High , Low , and Mid-point of the first 15-minute candle.
Background highlighting to identify the first 15-minute candle.
Configurable colors and line widths for clear visuals.
Breakout Alerts:
Real-time alerts for breakouts above the high or below the low of the first 15-minute candle.
Customizable alert messages.
Alerts configured using alertcondition .
Dynamic Adjustments:
Adapts dynamically to timeframes of 15 minutes or lower.
Resets and recalculates at the start of each new session.
Inputs and Configurations
Market Settings:
Market Start Hour: Default is 9.
Market Start Minute: Default is 30.
Visual Settings:
Enable/disable background highlighting.
Set colors for the background, high line, low line, and mid-line.
Adjust line width (1 to 5).
Toggle the visibility of the mid-line.
Alert Settings:
Enable breakout alerts.
Set custom alert messages for high and low breakouts.
How It Works
// First 15-Minute Candle Detection
The indicator monitors the first 15-minute candle after the market opens based on the configured start time. It records the high , low , and calculates the mid-point of this candle.
// Visual Markings
Horizontal lines are drawn at the high, low, and mid-point of the first 15-minute candle, extending to the right for the rest of the session.
// Breakout Detection
The indicator checks for price breakouts above the high or below the low of the first 15-minute candle and triggers alerts if enabled.
// Dynamic Reset
The indicator resets values and deletes previous session lines at the start of each new session.
Conditions and Alerts
Breakout Conditions:
High Breakout: The closing price exceeds the high of the first 15-minute candle.
Low Breakout: The closing price falls below the low of the first 15-minute candle.
Alert Triggers: Configurable alerts notify you of breakouts in real-time.
Use Cases
Intraday Traders: Ideal for early-session momentum or reversal strategies.
Breakout Traders: Helps identify entry points when price breaks key levels.
Visual Clarity: Simplifies tracking important session levels.
Limitations
Works only on 15-minute or lower timeframes.
Requires accurate market start time configuration.
EMA with Supply and Demand Zones
The EMA with Supply and Demand Strategy is a trend-following trading approach that integrates Exponential Moving Averages (EMA) with supply and demand zones to identify potential entry and exit points. Below is a detailed description of its components and logic:
Key Components of the Strategy
1. EMA (Exponential Moving Average)
The EMA is used as a trend filter:
Bullish Trend: Price is above the EMA.
Bearish Trend: Price is below the EMA.
The EMA ensures that trades align with the overall market trend, reducing counter-trend risks.
2. Supply and Demand Zones
Demand Zone:
Represents areas where the price historically found support (buyers dominated).
Calculated using the lowest low over a specified lookback period.
Used for identifying potential long entry points.
Supply Zone:
Represents areas where the price historically faced resistance (sellers dominated).
Calculated using the highest high over a specified lookback period.
Used for identifying potential short entry points.
3. Trade Conditions
Long Trade:
Triggered when:
The price is above the EMA (bullish trend).
The low of the current candle touches or penetrates the most recent demand zone.
Short Trade:
Triggered when:
The price is below the EMA (bearish trend).
The high of the current candle touches or penetrates the most recent supply zone.
4. Exit Conditions
Long Exit:
Exit the trade when the price closes below the EMA, indicating a potential trend reversal.
Short Exit:
Exit the trade when the price closes above the EMA, signaling a potential upward reversal.
Visual Representation
EMA: A blue line plotted on the chart to show the trend.
Supply Zones: Red horizontal lines representing potential resistance levels.
Demand Zones: Green horizontal lines representing potential support levels.
These zones dynamically adjust to reflect the most recent 3 levels.
How the Strategy Works
Trend Identification:
The EMA determines the direction of the trade:
Look for long trades only in a bullish trend (price above EMA).
Look for short trades only in a bearish trend (price below EMA).
Entry Points:
Wait for price interaction with a supply or demand zone:
If the price touches a demand zone during a bullish trend, initiate a long trade.
If the price touches a supply zone during a bearish trend, initiate a short trade.
Risk Management:
The strategy exits trades if the price moves against the trend (crosses the EMA).
This ensures minimal exposure during adverse market movements.
Benefits of the Strategy
Trend Alignment:
Reduces counter-trend trades, improving the win rate.
Clear Entry and Exit Rules:
Combines price action (zones) with a reliable trend filter (EMA).
Dynamic Levels:
The supply and demand zones adapt to changing market conditions.
Customization Options
EMA Length:
Adjust to suit different timeframes or market conditions (e.g., 20 for faster trends, 50 for slower trends).
Lookback Period:
Fine-tune to capture broader or narrower supply and demand zones.
Risk/Reward Preferences:
Pair the strategy with stop-loss and take-profit levels for enhanced control.
This strategy is ideal for traders looking for a structured approach to identify high-probability trades while aligning with the prevailing trend. Backtest and optimize parameters based on your trading style and the specific asset you're tradin
Truly Iterative Gaussian ChannelOVERVIEW
The Truly Iterative Gaussian Channel is a robust channeling system that integrates a Gaussian smoothing kernel with a rolling standard deviation to create dynamically adaptive upper and lower boundaries around price. This indicator provides a smooth, yet responsive representation of price movements while minimizing lag and dynamically adjusting channel width to reflect real-time market volatility. Its versatility makes it effective across various timeframes and trading styles, offering significant potential for experimentation and integration into advanced trading systems.
TRADING USES
The Gaussian indicator can be used for multiple trading strategies. Trend following relies on the middle Gaussian line to gauge trend direction: prices above this line indicate bullish momentum, while prices below signal bearish momentum. The upper and lower boundaries act as dynamic support and resistance levels, offering breakout or pullback entry opportunities. Mean reversion focuses on identifying reversal setups when price approaches or breaches the outer boundaries, aiming for a return to the Gaussian centerline. Volatility filtering helps assess market conditions, with narrow channels indicating low volatility or consolidation and suggesting fewer trading opportunities or an impending breakout. Adaptive risk management uses channel width to adjust for market volatility, with wider channels signaling higher risk and tighter channels indicating lower volatility and potentially safer entry points.
THEORY
Gaussian kernel smoothing, derived from the Gaussian normal distribution, is a cornerstone of probability and statistics, valued for its ability to reduce noise while preserving critical signal features. In this indicator, it ensures price movements are smoothed with precision, minimizing distortion while maintaining responsiveness to market dynamics.
The rolling standard deviation complements this by dynamically measuring price dispersion from the mean, enabling the channel to adapt in real time to changing market conditions. This combination leverages the mathematical correctness of both tools to balance smoothness and adaptability.
An iterative framework processes data efficiently, bar by bar, without recalculating historical value to ensure reliability and preventing repainting to create a mathematically grounded channel system suitable for a wide range of market environments.
The Gaussian channel excels at filtering noise while remaining responsive to price action, providing traders with a dependable tool for identifying trends, reversals, and volatility shifts with consistency and precision.
CALIBRATION
Calibration of the Gaussian channel involves adjusting its length to modify sensitivity and adaptability based on trading style. Shorter lengths (e.g., 50-100) are ideal for intraday traders seeking quick responses to price fluctuations. Medium lengths (e.g., 150-200) cater to swing traders aiming to capture broader market trends. Longer lengths (e.g., 250-400+) are better suited for positional traders focusing on long-term price movements and stability.
MARKET USAGE
Stock, Forex, Crypto, Commodities, and Indices.
BeautifulStochRSIBeautifulStochRSI: A Unique and Clear Approach to Stochastic RSI
Introducing the BeautifulStochRSI, an colorfull approach to the popular Stochastic RSI indicator. This script goes beyond the standard representation by offering visually distinct and intuitive signals to enhance your trading experience.
The BeautifulStochRSI is ideal for traders who value both precision and simplicity. It combines functional enhancements with a polished design, ensuring that crucial market insights are presented clearly and effectively. Created by rektbyhielke, this script leverages the capabilities of Pine Script™ v5 for optimal performance.
By sharing this script, the aim is not only to provide a practical trading solution but also to inspire others to create indicators that are both beautiful and efficient.
the script includes fully customizable parameters for RSI length, stochastic length, and smoothing factors, allowing traders to tailor the indicator to their specific strategies. Overbought and oversold zones are marked with dots at levels 80 and 20, complemented by a subtle teal background fill to emphasize these areas.
FRAMA Channel [BigBeluga]This is a trend-following indicator that utilizes the Fractal Adaptive Moving Average (FRAMA) to create a dynamic channel around the price. The FRAMA Channel helps identify uptrends, downtrends, and ranging markets by examining the relationship between the price and the channel's boundaries. It also marks trend changes with arrows, optionally displaying either price values or average volume at these key points.
🔵 IDEA
The core idea behind the FRAMA Channel indicator is to use the fractal nature of markets to adapt to different market conditions. By creating a channel around the FRAMA line, it not only tracks price trends but also adapts its sensitivity based on market volatility. When the price crosses the upper or lower bands of the channel, it signals a potential shift in trend direction. If the price remains within the channel and crosses over the upper or lower bands without a breakout, the market is likely in a ranging phase with low momentum. This adaptive approach makes the FRAMA Channel effective in both trending and ranging market environments.
🔵 KEY FEATURES & USAGE
◉ Dynamic FRAMA Channel with Trend Signals:
The FRAMA Channel uses a fractal-based moving average to create an adaptive channel around the price. When the price crosses above the upper band, it signals an uptrend and plots an upward arrow with the price (or average volume) value. Conversely, when the price crosses below the lower band, it signals a downtrend and marks the point with a downward arrow. This dynamic adaptation to market conditions helps traders identify key trend shifts effectively.
◉ Ranging Market Detection:
If the price remains within the channel, and only the high crosses the upper band or the low crosses the lower band, the indicator identifies a ranging market with low momentum. In this case, the channel turns gray, signaling a neutral trend. This is particularly useful for avoiding false signals during periods of market consolidation.
◉ Color-Coded Candles and Channel Bands:
Candles and channel bands are color-coded to reflect the current trend direction. Green indicates an upward trend, blue shows a downward trend, and gray signals a neutral or ranging market. This visual representation makes it easy to identify the market condition at a glance, helping traders make informed decisions quickly.
◉ Customizable Display of Price or Average Volume:
On trend change signals, the indicator allows users to choose whether to display the price at the point of trend change or the average volume of 10 bars. This flexibility enables traders to focus on the information that is most relevant to their strategy, whether it's the exact price entery or the volume context of the market shift. Displaying the average volume allows to see the strength of the trend change.
Price Data:
Average Volume of points:
🔵 CUSTOMIZATION
Length & Bands Distance: Adjust the length for the FRAMA calculation to control the sensitivity of the channel. A shorter length makes the channel more reactive to price changes, while a longer length smooths it out. The Bands Distance setting determines how far the bands are from the FRAMA line, helping to define the breakout and ranging conditions.
Signals Data: Choose between displaying the price or the average volume on trend change arrows. This allows traders to focus on either the exact price level of trend change or the market volume context.
Color Settings: Customize the colors for upward momentum, downward momentum, and neutral states to suit your charting preferences. You can also toggle whether to color the candles based on the momentum for a clearer visual of the trend direction.
The FRAMA Channel indicator adapts to market conditions, providing a versatile tool for identifying trends and ranging markets with clear visual cues.
2 bars BarsInputs:
The script allows you to specify the values for each state (HH, HL, LL, LH) for two bars.
Labels as Bars:
Instead of line.new, this script uses label.new to simulate a pseudo-bar chart.
Bars are visually represented as labels, with distinct positions and colors.
Offset Logic:
The offset ensures that each category has its labels (bars) placed at the correct horizontal distance.
Custom Categories:
The categories array ("HH", "HL", "LL", "LH") links to their respective values.
MegaGas Bollinger Bands with Divergence and Circle SignalsIndicator: MegaGas Bollinger Bands with Divergence and Circle Signals
This script provides a powerful combination of Bollinger Bands, RSI Divergence detection, and signal visualization tools. Designed with flexibility and precision in mind, it aims to assist traders in identifying trend reversals, volatility zones, and divergence-based trading opportunities. The script is well-suited for swing trading, momentum trading, and even scalping when adapted to lower timeframes.
How It Works:
Bollinger Bands:
Bollinger Bands are used to detect price volatility and overbought/oversold conditions. The script calculates:
Basis Line: A 34-period Simple Moving Average (SMA) as the core trend line.
Upper Bands: Bands positioned 1x and 2x the standard deviation above the SMA.
Lower Bands: Bands positioned 1x and 2x the standard deviation below the SMA. These levels provide dynamic support and resistance zones, highlighting breakout and reversion opportunities.
RSI Divergence Detection:
The indicator detects bullish divergence (when RSI forms a higher low while price forms a lower low) and bearish divergence (when RSI forms a lower high while price forms a higher high). These divergences often precede significant reversals or momentum shifts.
Bullish divergence is displayed with blue triangles (up).
Bearish divergence is displayed with orange triangles (down).
Buy and Sell Signals:
Circle Signals are generated when price crosses key Bollinger Bands levels:
A green circle appears when the price crosses above the lower band (potential buy signal).
A red circle appears when the price crosses below the upper band (potential sell signal).
These signals help identify potential entry and exit points for trades, particularly in trend-following or mean-reversion strategies.
Trend Reference (Moving Average):
A 50-period Simple Moving Average (SMA) is included as a trend reference, helping traders gauge the overall market direction. Use this to confirm divergence signals and avoid trades against the prevailing trend.
Why This Indicator Is Unique:
This script integrates multiple tools in a meaningful way, emphasizing contextual trading signals. Unlike standalone Bollinger Bands or RSI indicators, it introduces:
Advanced Divergence Analysis: Enhancing traditional RSI with divergence-based alerts.
Dynamic Signal Filtering: Preventing repetitive signals by introducing state-based logic for circles and divergence signals.
Trend Alignment: Combining Bollinger Bands with an SMA to filter trades based on the prevailing trend.
How to Use:
Setup:
Apply the indicator to any chart and timeframe. For swing trading, higher timeframes like 4H or 1D are recommended.
Adjust the RSI, Bollinger Bands, and Moving Average lengths to match your strategy and asset.
Signals:
Look for divergence signals (triangles) as early warnings of trend reversals. Confirm these with price action or other tools.
Use circle signals (green/red) to time potential entries/exits around Bollinger Band extremes.
Confirmation:
Combine divergence and circle signals with the SMA line to avoid counter-trend trades. For example, take bullish signals when the price is above the SMA and bearish signals when it is below.
Chart Clarity:
The script is published with a clean chart for clarity. It visualizes all signals with distinct shapes (triangles and circles) and colors, ensuring they are easily recognizable. Bollinger Bands and the SMA are plotted with transparency to avoid clutter.
Originality:
This script is a thoughtful blend of Bollinger Bands and RSI divergence detection, carefully designed to provide traders with actionable insights. It introduces state-based logic to manage repetitive signals and seamlessly integrates trend filtering, making it a valuable tool for both novice and experienced traders.
Sri Yantra MTF - AynetSri Yantra MTF - Aynet Script Overview
This Pine Script generates a Sri Yantra-inspired geometric pattern overlay on price charts. The pattern is dynamically updated based on multi-timeframe (MTF) inputs, utilizing high and low price ranges, and adjusting its size relative to a chosen multiplier.
The Sri Yantra is a sacred geometric figure used in various spiritual and mathematical contexts, symbolizing the interconnectedness of the universe. Here, it is applied to visualize structured price levels.
Scientific and Technical Explanation
Multi-Timeframe Integration:
Base Timeframe (baseRes): This is the primary timeframe for the analysis. The opening price and ATR (Average True Range) are calculated from this timeframe.
Pattern Timeframe (patternRes): Defines the granularity of the pattern. It ensures synchronization with price movements on specific time intervals.
Geometric Construction:
ATR-Based Scaling: The script uses ATR as a volatility measure to dynamically size the geometric pattern. The sizeMult input scales the pattern relative to price volatility.
Pattern Width (barOffset): Defines the horizontal extent of the pattern in terms of bars. This ensures the pattern is aligned with price movements and scales appropriately.
Sri Yantra-Like Geometry:
Outer Square: A bounding box is drawn around the price level.
Triangles: Multiple layers of triangles (primary, secondary, and tertiary) are calculated and drawn to mimic the structure of the Sri Yantra. These triangles converge and diverge based on price levels.
Horizontal Lines: Added at key levels to provide additional structure and aesthetic alignment.
Dynamic Updates:
The pattern recalculates and redraws itself on the last bar of the selected timeframe, ensuring it adapts to real-time price data.
A built-in check identifies new bars in the chosen timeframe (patternRes), ensuring accurate updates.
Information Table:
Displays the selected base and pattern timeframes in a table format on the top-right corner of the chart.
Allows traders to see the active settings for quick adjustments.
Key Inputs
Style Settings:
Pattern Color: Customize the color of the geometric patterns.
Size Multiplier (sizeMult): Adjusts the size of the pattern relative to price movements.
Line Width: Controls the thickness of the geometric lines.
Timeframe Settings:
Base Resolution (baseRes): Timeframe for calculating the pattern's anchor (default: daily).
Pattern Resolution (patternRes): Timeframe granularity for the pattern’s formation.
Geometric Adjustments:
Pattern Width (barOffset): Horizontal width in bars.
ATR Multiplier (rangeSize): Vertical size adjustment based on price volatility.
Scientific Concepts
Volatility Representation:
ATR (Average True Range): A standard measure of market volatility, representing the average range of price movements over a defined period. Here, ATR adjusts the vertical height of the geometric figures.
Geometric Symmetry:
The script emulates symmetry similar to the Sri Yantra, aligning with the principles of sacred geometry, which often appear in nature and mathematical constructs. Symmetry in financial data visualizations can aid in intuitive interpretation of price movements.
Multi-Timeframe Fusion:
Synchronizing patterns with multiple timeframes enhances the relevance of overlays for different trading strategies. For example, daily trends combined with hourly patterns can help traders optimize entries and exits.
Visual Features
Outer Square:
Drawn to encapsulate the geometric structure.
Represents the broader context of price levels.
Triangles:
Three layers of interlocking triangles create a fractal pattern, providing a visual alignment to price dynamics.
Horizontal Lines:
Emphasize critical levels within the pattern, offering visual cues for potential support or resistance areas.
Information Table:
Displays the active timeframe settings, helping traders quickly verify configurations.
Applications
Trend Visualization:
Patterns overlay on price movements provide a clearer view of trend direction and potential reversals.
Volatility Mapping:
ATR-based scaling ensures the pattern adjusts to varying market conditions, making it suitable for different asset classes and trading strategies.
Multi-Timeframe Analysis:
Integrates higher and lower timeframes, enabling traders to spot confluences between short-term and long-term price levels.
Potential Enhancements
Add Fibonacci Levels: Overlay Fibonacci retracements within the pattern for deeper price level insights.
Dynamic Alerts: Include alert conditions when price intersects key geometric lines.
Custom Labels: Add text descriptions for critical intersections or triangle centers.
This script is a unique blend of technical analysis and sacred geometry, providing traders with an innovative way to visualize market dynamics.
