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Candlestick analysis

SIDDAMRAJU2Open the indicator Settings (Click the Gear icon). Look for the "Target Line Settings" group. You can now pick any Color you want, change the Style to Solid/Dotted/Dashed, and make the line Thicker or Thinner. Would you like me to... Add "Risk to Reward" (RR) Ratio to the table? Since we know the Stop Loss distance and the Target distance, I can calculate the exact Ratio (e.g., "1:2.5") and display it in the dashboard so you know if the trade is worth taking.
مؤشر Pine Script®
من ‎carajusiddam9‎
2
Professional Clean BTC ChartInstitutional Price Structure is a clean, price-focused charting tool designed to provide traders with a clear and distraction-free view of market structure, trend context, and key reference levels. The indicator replaces default candles with neutral grayscale price bars to reduce visual noise and improve readability during high-volatility conditions. Trend direction is defined using a fast and slow exponential moving average, offering immediate context without lag-heavy complexity. A session-based VWAP is included as a core institutional benchmark, allowing traders to quickly assess mean reversion, premium/discount zones, and intraday bias. Daily high and low levels are plotted automatically to highlight key liquidity boundaries and reaction zones commonly respected by professional participants. This tool is intentionally minimalist—free of oscillators and signals—to support discretionary decision-making, execution precision, and price-action-based strategies across intraday and swing timeframes.
مؤشر Pine Script®
من ‎Royal_Queen‎
Fear Greed RangesFear Greed Ranges Indicator: A Practical Guide to Market Sentiment Analysis Introduction: Understanding Market Psychology The "Fear Greed Ranges" indicator is a specialized technical analysis tool designed to visualize market sentiment through the lens of the Relative Strength Index (RSI). Unlike traditional RSI displays that show only a line graph, this indicator transforms raw RSI data into intuitive, color-coded zones that immediately signal whether markets are driven by fear, greed, or balanced sentiment. By providing this visual context, it helps traders identify potential turning points and manage risk more effectively. Rational Integration: Why RSI Forms the Core The indicator's foundation rests on the well-established RSI oscillator, chosen for several compelling reasons. First, RSI has stood the test of time since its development by J. Welles Wilder Jr. in 1978, with decades of empirical validation across various asset classes. Second, its mathematical construction—comparing the magnitude of recent gains to recent losses—directly measures momentum, which often precedes price reversals at extremes. Third, RSI's bounded nature (0-100 range) makes it ideal for creating clearly defined zones without subjective interpretation. The integration transforms this numerical oscillator into a spatial visualization system. Rather than simply reading RSI values, traders can immediately perceive market conditions through color psychology: red triggers caution, green suggests opportunity, and yellow indicates neutrality. This multi-sensory approach reduces cognitive load during fast-moving markets and helps overcome confirmation bias that might occur when interpreting raw numbers. Component Synergy: How the System Works Together The indicator comprises three interconnected layers that create a unified analytical framework: Core Calculation Layer: The traditional RSI calculation processes price data using the specified period length (default 14 periods). This generates the fundamental sentiment metric that drives all subsequent visualizations. The RSI calculation serves as the "brain" of the indicator, continuously analyzing market momentum. Sentiment Classification Layer: This layer applies threshold logic to categorize each RSI reading into one of three emotional states. Readings above 70 are classified as "Greed" (market potentially overbought), below 30 as "Fear" (market potentially oversold), and between 30-70 as "Neutral" (balanced market conditions). These thresholds are based on the conventional RSI interpretation framework that has been widely adopted in technical analysis. Visual Translation Layer: The most innovative aspect transforms numerical classifications into immediate visual cues. The colored ribbon area creates a "sentiment atmosphere" around price action, while the background tint provides subtle contextual framing. Horizontal reference lines at 30, 50, and 70 offer precise anchoring points, and the floating label provides real-time status updates. These elements work in concert: the ribbon shows sentiment intensity, the background provides persistent context, and the reference lines offer precise measurement points. Practical Application: How to Use the Indicator Effectively For optimal results, traders should incorporate this tool into a comprehensive analysis framework: Initial Setup: Apply the indicator to any financial chart (stocks, forex, cryptocurrencies, etc.) using the default 14-period setting for general purposes. For shorter timeframes, consider reducing the period to 10; for longer-term analysis, increase to 20-25 periods. Signal Interpretation: When the ribbon turns red and the background tints crimson, exercise caution with new long positions and consider profit-taking on existing holdings. Green zones may indicate accumulation opportunities, particularly if accompanied by bullish divergence (price making lower lows while RSI makes higher lows). Yellow areas suggest normal market fluctuation where trend-following strategies may be more appropriate than reversal anticipation. Confirmation Protocol: Always wait for additional confirmation before acting on extreme readings. For greed zone signals, look for bearish candlestick patterns, resistance at key price levels, or decreasing volume. For fear zone signals, watch for bullish reversal patterns, support levels holding, or increasing volume on down moves. Timeframe Harmony: Analyze multiple timeframes simultaneously. A greed signal on a daily chart carries more weight than one on a 15-minute chart. Look for alignment across timeframes for higher-probability setups. Alert Utilization: Enable the built-in alert system to receive notifications when sentiment zones change, ensuring you never miss potential opportunities or risk scenarios. Original Contribution: What Sets This Indicator Apart While RSI indicators are ubiquitous, the "Fear Greed Ranges" implementation offers several distinctive advantages: Cognitive Efficiency: By converting numerical data into immediate visual perception, the indicator reduces the mental processing required to assess market conditions. Traders can glance at a chart and instantly understand the sentiment landscape without calculating or interpreting raw values. Contextual Persistence: The colored background maintains a subtle but constant reminder of the prevailing sentiment, preventing the common pitfall of overlooking extreme conditions that might develop gradually. Dual-Layer Communication: The system operates on both conscious (reference lines, labels) and subconscious (color psychology) levels, engaging multiple cognitive pathways for more reliable signal recognition. Integrated Risk Framework: By explicitly naming emotional extremes ("Fear" and "Greed"), the indicator constantly reminds traders of the psychological forces driving markets, encouraging more disciplined decision-making. Important Considerations and Limitations No technical indicator guarantees future performance, and this tool should form only one component of a comprehensive trading strategy. Several critical factors require attention: Market Context Matters: During strong trending markets, RSI can remain in extreme zones for extended periods without immediate reversal. In such conditions, the indicator signals strength rather than imminent reversal. Volatility Adjustments: Highly volatile instruments may generate frequent zone changes that could lead to overtrading if not filtered appropriately. Complementary Tools: This indicator works best when combined with price action analysis, volume studies, support/resistance levels, and fundamental factors where applicable. Personal Adaptation: Traders should backtest the indicator on their preferred markets and timeframes to understand its characteristics before live implementation, potentially adjusting the RSI period or zone thresholds to match specific instrument behaviors. The "Fear Greed Ranges" indicator serves as a visual translator of market psychology, converting mathematical momentum readings into intuitive emotional landscapes. By making RSI interpretation more immediate and accessible, it helps traders maintain objectivity during emotionally charged market conditions and supports more disciplined execution of their trading strategies. Remember that successful trading involves risk management, continuous learning, and adapting tools to your individual approach—this indicator provides one lens through which to view the markets, not a complete trading system in itself.
مؤشر Pine Script®
من ‎neeson1987‎
Trend Matrix Open Interest EnhancedOpen interest happy he provided materials offer a technical guide on enhancing trading efficiency through specific technical indicators and visual data workflows. One source emphasises the importance of streamlined infographic designs to better illustrate complex processes with clear examples. The primary content focuses on a VWAP strategy for Bitcoin, specifically highlighting the utility of standard deviation bands as pivot points for high-frequency scalping. The presenter explains how to integrate Volume Bubble Pro to identify market absorption and reward, allowing traders to distinguish between winning and losing participants. By combining these volume-based tools, the author demonstrates how to execute aggressive entries and manage risk through precise sniper setups. Ultimately, the sources aim to provide a practical fram
مؤشر Pine Script®
من ‎Shadow_Trader_567‎
PnL Candles/Line & Stats (Long & Short)I was enthusiastic to see how a PnL (Profit & Loss) candle looks, so I created this indicator to analyze trade performance for any other indicator. It visualizes PnL using candles and lines, making it easy to track individual trades and understand their outcomes. How to Use: In the indicator you want to analyze, define your entry and exit conditions as numeric series (1 or 0): Longcondition = ? 1 : 0 LongExitcondition = ? 1 : 0 plot(Longcondition, title="Long Condition") plot(LongExitcondition, title="Long Exit Condition") Shortcondition = ? 1 : 0 ShortExitcondition = ? 1 : 0 plot(Shortcondition, title="Short Condition") plot(ShortExitcondition, title="Short Exit Condition") Provide these series as inputs in the PnL indicator: Longcondition → Long trade entry trigger LongExitcondition → Long trade exit trigger Shortcondition → Short trade entry trigger ShortExitcondition → Short trade exit trigger Use the date/time filter to focus on specific periods. Toggle Show Long Trades and/or Show Short Trades to display only the trades you want to analyze. Features: Visualizes PnL for each trade via candles and hidden lines. Tracks key statistics: total trades, win rate, MAE (Maximum Adverse Excursion), MFE (Maximum Favorable Excursion), cumulative PnL. Calculates historically suggested stop-loss levels (educational purposes only). Summarizes metrics in a table with separate sections for Long and Short trades. Note: This tool is for educational purposes only. Stop-loss levels and trade statistics are illustrative, not trading recommendations. Users must perform their own analysis and risk management. The developer is not responsible for any gains or losses from using this indicator.
مؤشر Pine Script®
من ‎NumberGames‎
[X342] Structure & Entry Structure & Entry — SMC Toolkit OVERVIEW ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Structure & Entry is a Smart Money Concepts (SMC) indicator that identifies market structure, order blocks, and optimal trade entry zones based on institutional trading principles. METHODOLOGY ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ The indicator implements core ICT/SMC concepts: 1. Market Structure Analysis - Swing High/Low detection using pivot logic - Market Structure Break (MSB) identification - Bullish MSB: Price breaks above previous swing high - Bearish MSB: Price breaks below previous swing low - Tracks current market bias (bullish/bearish) 2. Order Block Detection - Bullish OB: Last bearish candle before bullish MSB - Bearish OB: Last bullish candle before bearish MSB - Order blocks represent institutional entry zones - Auto-extends to current bar - Removed when mitigated (price passes through) 3. Optimal Trade Entry (OTE) - Fibonacci retracement zone (0.618-0.786) - Calculated from last swing high to swing low - Adjusts direction based on current bias - Premium zone for entry in direction of bias WHY SMC? ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Smart Money Concepts focus on identifying where institutions are likely to enter the market. Order blocks and OTE zones represent high-probability areas where large players accumulate or distribute positions. FEATURES ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ✓ Dual language support (English / Türkçe) ✓ Auto MSB detection and labeling ✓ Dynamic Order Block zones ✓ OTE Fibonacci zones ✓ Mitigation tracking (Wick or Close) ✓ Market bias panel ✓ Comprehensive alerts VISUAL ELEMENTS ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ • Swing Points: Small circles at pivot highs/lows • MSB Labels: "MSB ↑" or "MSB ↓" at structure breaks • Order Blocks: Colored boxes at detected OB zones - Green boxes: Bullish OBs (demand zones) - Red boxes: Bearish OBs (supply zones) • OTE Zone: Purple dashed box at Fibonacci retracement SETTINGS ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Structure: - Swing Length: Bars for pivot detection (default: 5) - Show MSB: Toggle structure break labels - Show Swing Points: Toggle pivot markers Order Block: - Show Order Blocks: Toggle OB zones - OB Lookback: Bars to search for OB candle (default: 10) - Max OB Count: Maximum active OBs (default: 5) - Mitigation Type: Wick or Close-based removal OTE: - Show OTE Zone: Toggle Fibonacci zone - OTE Upper: Upper boundary (default: 0.786) - OTE Lower: Lower boundary (default: 0.618) INFO PANEL ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Displays: - Current market bias (BULL/BEAR) - Last MSB price level - Active Order Block count ALERTS ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ • Bullish MSB: Structure break to the upside • Bearish MSB: Structure break to the downside • Bullish OB Formed: New demand zone created • Bearish OB Formed: New supply zone created TRADING APPLICATION ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 1. Wait for MSB to confirm direction 2. Look for price to retrace to OTE zone 3. Enter when price reacts at Order Block within OTE 4. Place stop beyond the Order Block 5. Target: Previous swing high/low or liquidity levels BEST PRACTICES ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ - Use higher timeframe for bias, lower for entry - Fresh (untested) Order Blocks are stronger - OTE + OB confluence = high probability setup - Combine with Liquidity Hunter for targets - Respect the current bias until new MSB
مؤشر Pine Script®
من ‎AnalysisX‎
2026 Model2026 Model OVERVIEW This Pine Script indicator is a comprehensive trading tool designed for identifying key market structure patterns, session-based trading opportunities, and higher timeframe context. It combines multiple trading concepts including Fair Value Gaps (FVGs), Turtle Soup patterns, Smart Money Technique (SMT) divergence, and session-based analysis. CORE FEATURES 1. SESSION/KILLZONE DETECTION What It Does: - Identifies and highlights major trading sessions based on New York time (EDT/EST) - Displays session labels that change color: light green for the current session, grey for past sessions - Shows background shading for active sessions Sessions Tracked: - Asia Session: 8:00 PM - 12:00 AM NY time - London AM: 2:00 AM - 5:00 AM NY time - NY AM: 9:30 AM - 11:00 AM NY time - NY PM: 1:30 PM - 4:00 PM NY time How It Works: - Uses timezone conversion to check if current time falls within each session range - Creates labels at the start of each session - Updates label colors every bar to highlight the active session - Labels are positioned at a consistent Y-level (aligned with HTF boundary lines) Killzone Status: - Active during 1:00 AM - 12:59 PM NY time - Displayed in the dashboard table 2. DAILY BIAS CALCULATION What It Does: - Determines market bias based on the relationship between the last two completed daily candles - Only calculates on weekdays (Monday-Friday) for traditional markets - Works 24/7 for crypto markets Bias Logic: - Bullish: * Previous day's high exceeded the day before's high AND close was above previous day's high * OR previous day's low was below the day before's low BUT close recovered above the day before's low - Bearish: * Previous day's low was below the day before's low AND close was below previous day's low * OR previous day's high exceeded the day before's high BUT close fell below the day before's high How It Works: - Compares wicks and closes of the last two completed daily candles - Persists the last weekday bias on weekends - Displayed in the dashboard table 3. FAIR VALUE GAPS (FVGs) What It Does: - Identifies price gaps where liquidity was skipped - Draws boxes on the chart showing potential retracement zones - Uses adaptive thresholds that adjust to market volatility FVG Types: - Bullish FVG: Gap between candle 1's low and candle 2's high (price jumped up) - Bearish FVG: Gap between candle 1's high and candle 2's low (price jumped down) Threshold Modes: 1. ATR-based (Default): Automatically adapts to asset volatility - Calculates threshold as: (ATR / Close Price) × 100 × Multiplier - More sensitive for volatile assets, less sensitive for stable ones 2. Auto: Uses cumulative average of price changes 3. Manual: Fixed percentage threshold (e.g., 0.01%) How It Works: - Only detects FVGs on confirmed (closed) bars - Requires the middle candle's percentage change to exceed the threshold - Extends FVG boxes 15 bars forward - Limits to 50 FVG boxes to prevent memory issues Settings: - Threshold multiplier (default: 1.0) - lower = more FVGs detected - Minimum threshold override - ensures minimum quality - ATR length for volatility calculation 4. HIGHER TIMEFRAME (HTF) CANDLE OVERLAY What It Does: - Displays the last 3-5 completed HTF candles on the right side of the chart - Shows HTF context without cluttering the main chart - Supports 1H, 4H, Daily, Weekly, and Monthly timeframes Features: - Candle Display: Shows completed HTF candles with proper wicks and bodies - Boundary Lines: Optional vertical lines on the main chart marking HTF candle boundaries - Labels: Optional time/day/month labels under each candle - SMT Integration: Draws SMT lines connecting swing points on the overlay candles - Turtle Soup Integration: Shows TS levels as horizontal lines on overlay candles How It Works: - Fetches HTF data using request.security() with lookahead_off to get only confirmed candles - Positions candles to the right of the current chart using future bar indices - Calculates boundary high/low from all visible candles for consistent line heights - Only displays when chart timeframe ≤ HTF timeframe Settings: - HTF timeframe selection (1H, 4H, 1D, 1W, 1M) - Number of candles to display (3, 4, or 5) - Toggle boundary lines and labels 5. TURTLE SOUP PATTERN DETECTION What It Does: - Identifies false breakouts followed by reversals - Draws horizontal lines at the price level that was broken and then reversed - Works on multiple timeframes (15min, 1H, 4H) Pattern Definition: - Bullish Turtle Soup: * Candle breaks below previous candle's low (wick goes lower) * BUT closes above the previous candle's low * Indicates a false breakdown, potential reversal up - Bearish Turtle Soup: * Candle breaks above previous candle's high (wick goes higher) * BUT closes below the previous candle's high * Indicates a false breakout, potential reversal down Threshold System: - ATR-based (Default): Adapts to volatility - Converts ATR to PIPs: (ATR × Multiplier) / Pip Size - Only triggers if the initial candle meets minimum size requirement - Fixed PIPs: Uses a fixed minimum candle size in PIPs How It Works: - Checks patterns when HTF candles complete - Finds the exact swing high/low time within the HTF candle (on lower timeframes) - Finds when price broke through that level in the reversal candle - Draws horizontal line from swing point to break point - Tracks patterns for HTF overlay display Settings: - Timeframe selection (15min, 1H, 4H) - Threshold mode (Fixed PIPs or ATR-based) - ATR multiplier (default: 0.4) - Minimum PIPs (for fixed mode) 6. SMART MONEY TECHNIQUE (SMT) / DIVERGENCE What It Does: - Detects divergence between correlated trading pairs - Draws lines connecting swing points when one pair shows Turtle Soup but the other doesn't - Only works on 4H timeframe and lower SMT Logic: - Bullish SMT: * Correlated pair has bullish Turtle Soup (reversed upward) * Current pair does NOT have bullish Turtle Soup * Current pair stayed within previous candle's range (true divergence) * Draws line connecting swing lows - Bearish SMT: * Correlated pair has bearish Turtle Soup (reversed downward) * Current pair does NOT have bearish Turtle Soup * Current pair stayed within previous candle's range (true divergence) * Draws line connecting swing highs Correlated Pairs: - ES ↔ NQ (futures) - SPX ↔ YM (indices) - BTC ↔ ETH (crypto) - GBPUSD ↔ EURUSD (forex) - XAU ↔ XAG (metals) How It Works: - Fetches 4H Turtle Soup status for both current and correlated pair - Checks if current pair showed true divergence (stayed in range) - On lower timeframes, finds actual swing points within 4H candles - Draws line connecting the two swing points - Only triggers on new 4H bar close to avoid duplicates - Displays on both main chart and HTF overlay Settings: - Toggle SMT display on/off 7. DASHBOARD TABLE What It Does: - Displays key market information in a table at the bottom-right corner - Updates in real-time as market conditions change Information Shown: 1. Killzone: Y/N - Whether currently in active trading hours (1 AM - 12:59 PM NY) 2. Daily Bias: Bullish/Bearish/N/A - Market direction from daily candle analysis 3. 4H Turtle Soup: Bullish/Bearish/No - Most recent 4H TS pattern (within last 5 candles) 4. 4H SMT: Bullish/Bearish/No - Most recent 4H SMT divergence (within last 5 candles) How It Works: - Checks arrays of TS and SMT occurrences - Finds the most recent pattern within the last 5 completed 4H candles - Updates only on the last bar to optimize performance HOW IT ALL WORKS TOGETHER Workflow Example: 1. Session Context: The indicator identifies you're in NY AM session (9:30-11 AM), highlights it in green 2. Daily Bias: Shows "Bullish" from yesterday's price action 3. HTF Overlay: Displays last 5 completed 4H candles on the right, showing higher timeframe structure 4. Turtle Soup: Detects a bearish TS on 4H - price broke above previous high but closed below it 5. SMT: If correlated pair (e.g., NQ) had bullish TS but current pair (ES) didn't, draws SMT line 6. FVGs: Identifies gaps in price that may get filled 7. Dashboard: Summarizes all this information in one place Key Design Principles: 1. Adaptive Thresholds: Both FVG and Turtle Soup use ATR-based thresholds that adjust to volatility 2. Multi-Timeframe: Works across different chart timeframes while maintaining HTF context 3. Visual Clarity: Current session highlighted in green, past sessions in grey 4. Memory Management: Limits arrays to prevent performance issues 5. Confirmed Data Only: Uses lookahead_off to ensure only completed candles are analyzed Best Practices for Use: 1. Timeframe Selection: Use lower timeframes (5m, 15m) for entries, but always check HTF overlay for context 2. Session Awareness: Trade during active killzones when liquidity is highest 3. Daily Bias: Align trades with daily bias for higher probability 4. Turtle Soup: Look for TS patterns at key support/resistance levels 5. SMT Divergence: Use SMT to identify when one pair is leading/diverging from correlated pair 6. FVG Fills: Watch for price to return and fill FVG gaps TECHNICAL DETAILS Performance Optimizations: - Limits arrays to 50 elements (FVGs, TS, SMT) - Only updates dashboard on last bar - Clears and redraws HTF overlay each bar to prevent duplicates - Uses efficient time-based lookups for swing point detection Timezone Handling: - All sessions use New York time (America/New_York) - Handles EDT/EST automatically - Daily bias uses exchange timezone for daily candles Symbol Support: - Works with forex, futures, stocks, crypto - Automatically detects JPY pairs for correct pip calculation (0.01 vs 0.0001) - Handles 24/7 markets (crypto) vs traditional market hours SETTINGS SUMMARY Display Settings: - Show FVGs - Show HTF Candle Overlay - Show Session Times - Turtle Soup Threshold Mode (Fixed PIPs / ATR-based) - Turtle Soup ATR Multiplier - ATR Length FVG Settings: - FVG Threshold Mode (Auto / Manual / ATR-based) - FVG Threshold Multiplier - FVG Manual Threshold (%) - Minimum Threshold Override (%) - FVG ATR Length HTF Candle Overlay: - HTF Overlay Timeframe (1H, 4H, 1D, 1W, 1M) - Number of Candles (3, 4, 5) - Show HTF Candle Boundaries - Show HTF Candle Labels HTF Turtle Soup Settings: - Show HTF Turtle Soup - Turtle Soup Timeframe (15, 60, 240) - Lookback Candles SMT Settings: - Show SMT This indicator is designed to provide a comprehensive view of market structure, combining multiple trading concepts into a unified tool for better trading decisions.
مؤشر Pine Script®
من ‎HedgeFi‎
PaisaPani - BankNifty Demo PerformanceThis indicator displays a DEMO performance snapshot to show how the PaisaPani approach behaves on BankNifty. It is a trading system. • Separate indicator designed specifically for BankNifty • Intended for the mentioned timeframe only • Focused on execution clarity, not predictions 🔒 Full access is limited. Message “ACCESS” on TradingView if you want details. ⚠ Disclaimer: For educational and demonstration purposes only. Trading involves risk. No profit guarantees are implied.
مؤشر Pine Script®
من ‎adiavi2008‎
15
TXG Wick DetectorOverview The TradeX Guru Wick Detector is a price action utility designed to automatically identify potential "Liquidity Grabs" and "Stop Hunts." It highlights candles where the market has aggressively rejected lower prices, signaling that Smart Money may be absorbing sell orders (the "Samosa Crust Break"). How It Works This script calculates the ratio of the lower wick relative to the total candle range. If the lower wick represents more than 50% of the total candle size (customizable), a Teal Diamond (💎) is plotted below the bar. This visual cue alerts you to a strong rejection of lower prices, often found at the end of a correction or during a "Stop Hunt" at key support levels. Features Automated Detection: Instantly spots high-rejection candles across any timeframe. Customizable Sensitivity: Adjust the "Wick %" threshold in the settings to filter for stronger or weaker signals. Visual Clarity: Non-intrusive diamond markers that do not clutter your chart. Watermark: Includes the TradeX Guru brand mark for easy sharing. 🚀 How to Use This Tool for Analysis Do not trade every diamond blindly. Use this 3-Step "Pro" Protocol to filter for high-probability setups: 1. Location (Context is King) Only consider signals that appear at Key Areas of Value: Support Zones: Is price testing a historical support line? Round Numbers: Is the signal near a psychological level (e.g., Nifty 25,000, BankNifty 50,000)? High Volume Nodes (VPVR): Is price rejecting a high-volume cluster? Rule: If a diamond appears in the middle of a random trend ("No Man's Land"), ignore it. 2. The Trap (The Hunt) Watch for price to dip below your key level first. The appearance of the Teal Diamond confirms that this dip was rejected. This suggests that "Stop Loss Liquidity" was hunted and absorbed by institutional buyers. 3. The Trigger (Entry & Risk) Entry: Wait for the diamond candle to close. Enter on the next candle if bullish momentum continues. Stop Loss: Place your SL strictly below the Low of the diamond candle. Logic: If price breaks below the wick, the rejection has failed, and the setup is invalid. Settings Guide Wick Size % (Default 0.50): The wick must be 50% of the candle. Increase to 0.60 for fewer, higher-quality signals. Decrease to 0.40 for more frequent signals (scalping). Disclaimer This tool is for educational purposes only. Price action patterns do not guarantee future performance. Always manage your risk.
مؤشر Pine Script®
من ‎Tradex_guru‎
Gold Timing Composite (EURUSD + DXY + US02Y)Here's the publication-ready description for TradingView: Gold Timing Composite Indicator - 3-Component Model Overview A precision-engineered multi-component oscillator designed specifically for intraday gold trading. This indicator synthesizes three critical market drivers—EUR/USD dynamics, broad US Dollar strength, and Treasury yield movements—to isolate genuine gold price catalysts from market noise, delivering high-probability timing signals through triple-layer confirmation. Components & Methodology The indicator employs z-score normalization (default 20-period lookback) to harmonize three distinct but correlated market signals into a unified composite reading: Fast Price Discovery Signal (40%): EURUSD (40%) - EUR/USD captures rapid USD repricing with the deepest FX liquidity globally Broad USD Strength Confirmation (35%): -DXY (35%) - Inverted US Dollar Index measures comprehensive USD strength across six major currencies (EUR 57%, JPY 14%, GBP 12%, CAD 9%, SEK 4%, CHF 4%) Real Yield Proxy (25%): -US02Y (25%) - Inverted 2-Year Treasury yield captures Fed policy expectations and real rate dynamics Key Features ✅ Dual USD Validation - EURUSD (speed) + DXY (breadth) filter EUR-specific moves from true USD weakness ✅ Real Yield Sensitivity - US02Y isolates rate-driven gold moves from pure currency effects ✅ Triple Confirmation System - Visual alignment dots when all three components agree simultaneously ✅ Mean-Reversion Zones - Overbought/oversold thresholds at ±1.5 standard deviations ✅ Clean Visualization - Candle-based display (no wicks) for rapid pattern recognition ✅ EUR/USD Divergence Detection - Identifies when EURUSD moves are EUR-specific vs broad USD moves How to Use Basic Signals: Green candles = Bullish gold pressure (USD weakening / yields falling) Red candles = Bearish gold pressure (USD strengthening / yields rising) Above +1.5 = Overbought zone → look for mean-reversion shorts Below -1.5 = Oversold zone → look for mean-reversion longs High-Confidence Setups (Alignment Dots): Lime dot at top = All 3 components bullish → maximum gold long confidence Magenta dot at bottom = All 3 components bearish → maximum gold short confidence No dots = Components diverging → reduce position size or wait for clarity Divergence Trading: Gold makes new high but composite doesn't confirm → potential reversal down Gold makes new low but composite doesn't confirm → potential reversal up Understanding Component Interactions Normal Correlation (High Confidence): EURUSD ↑ + DXY ↓ + US02Y ↓ → Broad USD weakness + falling yields → Strong gold bull signal EURUSD ↓ + DXY ↑ + US02Y ↑ → Broad USD strength + rising yields → Strong gold bear signal EURUSD/DXY Divergence (Critical Filter): EURUSD ↑ but DXY flat/up → EUR-specific strength (ECB, Eurozone news) → Weak gold signal DXY flat = USD not actually weak, just EUR strong → Gold may not follow EURUSD EURUSD flat but DXY ↓ → Broad USD weakness (JPY, GBP, CAD all strong) → Strong gold signal True USD weakness beyond just EUR → High-probability gold long FX vs Yields Divergence: EURUSD ↑ + DXY ↓ but US02Y ↑ → USD weak in FX but yields rising → Mixed signal Hawkish Fed repricing vs currency weakness → Medium confidence, smaller size EURUSD ↓ + DXY ↑ but US02Y ↓ → USD strong but yields falling → Conflicting drivers Could be risk-off (safe haven bid to Treasuries) → Analyze broader market context Best Practices Timeframes: 5-minute to 15-minute charts for intraday trading Session Focus: London fix (10:30 AM GMT) and New York open (8:20 AM EST) for peak gold liquidity Pair With: Key gold technical levels (round numbers, previous highs/lows) COMEX gold futures volume profile Real yield charts (when available) VIX for risk sentiment context Risk Management: Full position: When alignment dots appear (all 3 components agree) Half position: When 2 of 3 components align Wait/reduce: When all three components diverge Weight Adjustments: Fed announcement days (FOMC, CPI, NFP): Increase US02Y to 35%, reduce EURUSD to 35% ECB policy days: Monitor EURUSD/DXY divergence closely (EUR-specific moves may not affect gold) Geopolitical events: DXY and yields may diverge (safe-haven flows) → Focus on DXY + yields, reduce EURUSD weight Asian session: EURUSD less reliable (lower liquidity), consider increasing DXY weight to 45% Technical Details Calculation Method: Z-score normalization with configurable lookback period Default Weights: EURUSD 40% | -DXY 35% | -US02Y 25% Extreme Threshold: ±1.5 standard deviations (adjustable) Alignment Trigger: All 3 components in unanimous agreement Customizable Parameters: Z-score lookback period (default: 20) 15-20: Faster, more sensitive (intraday focus) 30-50: Slower, smoother (swing trade context) Individual component weights Extreme threshold levels (1.3 for more signals, 1.8 for extremes only) Alignment indicator toggle Advantages Over Simple Indicators Unlike single-instrument or DXY-only indicators, this composite: Filters EUR-specific noise - When EURUSD moves but DXY doesn't confirm, gold often doesn't follow Combines speed + breadth - EURUSD for fast entries, DXY for broad confirmation Isolates real yield drivers - US02Y separates rate-driven moves from pure FX effects Identifies regime shifts - When FX and yields diverge, signals changing market dynamics Adaptable weighting - Adjust for different sessions, events, or market regimes Real-World Signal Examples Example 1: High-Confidence Long (All Aligned) Fed dovish surprise → US02Y falls sharply USD sells off → EURUSD rises + DXY falls Composite surges, lime dot appears Action: Full position gold long Example 2: False Signal (EUR-Specific) ECB hawkish statement → EURUSD rallies But DXY unchanged (JPY, GBP, CAD not moving) US02Y also unchanged Composite rises but no alignment dot Action: Small/no gold position (move is EUR-specific, not USD weakness) Example 3: Mixed Signal (FX vs Yields) Strong US jobs data → US02Y spikes (bearish gold) But USD sells off in FX → EURUSD up + DXY down (bullish gold) Composite shows divergence, no dots Action: Wait for clarity or trade with tight stops Example 4: Divergence Entry Gold makes new intraday high But composite fails to confirm (makes lower high) Bearish divergence forms Action: Short gold on next pullback Suggested Complementary Analysis Fundamental: Fed vs ECB policy divergence and forward guidance Real yield trends (10Y TIPS when available) Inflation expectations (breakevens) Central bank balance sheet changes Geopolitical risk premium Technical: Gold futures COT (Commitment of Traders) positioning COMEX gold open interest Gold/Silver ratio Mining stock performance (GDX, GDXJ) Intermarket: US equity market performance (risk-on/risk-off context) Crude oil (inflation proxy) Copper (growth expectations) Bitcoin correlation (alternative store of value narrative) Limitations & Considerations When the Indicator Struggles: Flash crashes or circuit breakers - Extreme events can break normal correlations temporarily Asian session gaps - Lower EURUSD liquidity can cause false signals Central bank interventions - SNB or BOJ FX intervention distorts DXY temporarily Geopolitical shocks - Gold can decouple from USD/yields during wars, crises (safe-haven bid) Quarter-end flows - Rebalancing can create temporary USD moves unrelated to fundamentals Best Used When: Normal market conditions (liquid sessions, no major shocks) Clear trending or mean-reverting environment Components showing consistent correlations Combined with price action and volume confirmation Performance Optimization Tips Backtest your timeframe - Test 15-25 lookback periods to find optimal sensitivity Session-specific weights - Use different weight profiles for London vs New York vs Asia Combine with price action - Don't trade composites alone; wait for gold to confirm with candle patterns Monitor component correlations - If EURUSD/DXY correlation breaks down, reduce both weights temporarily Use with stop-loss discipline - Composite extremes suggest mean-reversion, but trends can extend Disclaimer This indicator is a technical analysis tool and does not guarantee profitable trades. Gold markets are influenced by numerous factors including geopolitics, central bank policy, inflation, and market sentiment that cannot be fully captured by any indicator. Always employ proper risk management, position sizing, and stop-losses. Backtest thoroughly before live implementation. Past performance is not indicative of future results. Credits Developed for intraday precious metals traders seeking multi-factor confirmation for gold timing decisions. Built on intermarket analysis principles combining currency dynamics, interest rate differentials, and statistical normalization for robust signal generation. Designed to filter EUR-specific noise and isolate true USD weakness—the primary driver of gold price movements. Version: 1.0 Pine Script Version: 6 Asset Class: Precious Metals (Gold, Silver) Category: Oscillators, Multi-Timeframe Analysis, Intermarket Analysis Use Case: Intraday mean-reversion and momentum timing for gold (XAUUSD, GC futures) Trading gold with this indicator? Share your results, questions, or improvement suggestions in the comments!
مؤشر Pine Script®
من ‎sswede‎
EURUSD Timing Composite (5-Component)Overview An advanced multi-component oscillator designed specifically for intraday EURUSD trading. This indicator synthesizes four correlated FX pairs plus US yield dynamics to isolate genuine EUR strength and USD weakness from market noise, providing high-probability timing signals through multi-layer cross-validation. Components & Methodology The indicator employs z-score normalization (default 20-period lookback) to harmonize five distinct market signals into a unified composite reading: Primary USD Strength Signals (50%): GBPUSD (25%) - GBP/USD serves as a USD strength proxy with high correlation to EURUSD -USDCHF (25%) - Inverted USD/CHF provides independent USD strength confirmation Yield Differential Signal (25%): -US02Y (25%) - Inverted 2-Year Treasury yield captures Fed policy expectations and rate differentials EUR-Specific Strength Signals (25%): EURGBP (12.5%) - EUR/GBP isolates EUR performance against its closest rival EURCHF (12.5%) - EUR/CHF confirms broad EUR strength beyond USD dynamics Key Features ✅ Triple-Layer Validation - Combines USD FX signals, yield differentials, and EUR crosses ✅ Rate Differential Integration - Captures Fed policy repricing and carry trade dynamics ✅ Cross-Pair Confirmation - Filters false signals from GBP/CHF-specific events ✅ Alignment Indicator - Visual dots highlight when 4+ components agree (high-confidence setups) ✅ Mean-Reversion Zones - Overbought/oversold thresholds at ±1.5 standard deviations ✅ Clean Visualization - Candle-based display (no wicks) for rapid interpretation How to Use Basic Signals: Green candles = Bullish EURUSD pressure (EUR strengthening / USD weakening / yields falling) Red candles = Bearish EURUSD pressure (EUR weakening / USD strengthening / yields rising) Above +1.5 = Overbought zone → look for mean-reversion shorts Below -1.5 = Oversold zone → look for mean-reversion longs High-Confidence Setups (Alignment Dots): Lime dot at top = 4+ components bullish → strong long bias Magenta dot at bottom = 4+ components bearish → strong short bias No dots = Mixed signals → reduce position size or wait for clarity Divergence Trading: EURUSD makes new high but composite doesn't confirm → potential reversal down EURUSD makes new low but composite doesn't confirm → potential reversal up Best Practices Timeframes: 5-minute to 15-minute charts for intraday trading Session Focus: London session and London/New York overlap (peak EUR liquidity) Pair With: Key technical levels, pivot points, or session open ranges Risk Management: Scale position size based on alignment strength (larger when dots appear) Component Interpretation: GBPUSD + USDCHF + US02Y all aligned = USD-driven move (highest confidence) EURGBP + EURCHF both strong = EUR-specific strength (independent of USD) All five aligned = Maximum confidence (broad market agreement) FX pairs vs yields diverging = Mixed regime (be cautious) Weight Adjustments: Fed data days (CPI, NFP, FOMC): Increase US02Y weight to 35%, reduce FX to 20% each Brexit/BOE events: Reduce GBPUSD to 15%, increase EURCHF to 20% ECB policy days: Increase EUR cross weights (EURGBP/EURCHF) to 17.5% each SNB intervention risk: Monitor USDCHF and EURCHF for anomalies Technical Details Calculation Method: Z-score normalization with configurable lookback period Default Weights: GBPUSD 25% | -USDCHF 25% | -US02Y 25% | EURGBP 12.5% | EURCHF 12.5% Extreme Threshold: ±1.5 standard deviations (adjustable) Alignment Trigger: 4 out of 5 components in agreement Customizable Parameters: Z-score lookback period (default: 20) Individual component weights Extreme threshold levels Alignment indicator toggle Advantages Over Simple Indicators Unlike single-pair or DXY-based indicators, this composite: Integrates yield dynamics - Captures Fed repricing that drives USD independently of FX flows Isolates EUR strength - EUR crosses separate EUR-specific moves from USD dynamics Triple confirmation - FX pairs + yields + EUR crosses must align for high-confidence signals Filters rate/FX divergence - When yields and FX disagree, indicator shows mixed signals Regime adaptability - Adjustable weights for different market conditions Understanding Component Relationships Normal Correlation Environment: GBPUSD ↑ + USDCHF ↓ + US02Y ↓ → USD weakness → EURUSD ↑ EURGBP ↑ + EURCHF ↑ → EUR strength → EURUSD ↑ When Components Diverge (Critical Signals): FX says USD weak, but US02Y rising → Yields attracting capital despite FX → Weak EURUSD signal GBPUSD ↑ but EURGBP ↓ → GBP-specific strength, not EUR → Neutral for EURUSD Only yields moving, FX flat → Pure rate story, wait for FX confirmation Only EUR crosses rising → EUR strength independent of USD → Strong EUR-specific signal Regime Examples: Fed hawkish surprise: US02Y spikes (bearish), FX confirms → Strong EURUSD short ECB policy shift: EURGBP/EURCHF move, but USD signals mixed → EUR-specific trade Risk-off: All USD signals bullish, EUR crosses bearish → Maximum EURUSD short confidence Suggested Complementary Analysis ECB vs Fed policy divergence and forward guidance US-Germany 2-year yield differential European equity market performance (Euro Stoxx 50) EUR-denominated commodity prices PMI differentials (Eurozone vs US) Political risk events (elections, Brexit, fiscal policy) Real yield differentials (when TIPS data available) Limitations & Considerations Fed/ECB simultaneous announcements can create temporary whipsaws Brexit volatility may distort GBPUSD signals (reduce weight during UK events) SNB interventions spike USDCHF/EURCHF (monitor for anomalies) Yield curve inversions may affect US02Y signal interpretation Works best in normal conditions (less reliable during market dislocations) Requires understanding of intermarket dynamics for optimal use Disclaimer This indicator is a technical analysis tool and does not guarantee profitable trades. Always employ proper risk management, monitor fundamental developments, and backtest strategies thoroughly before live implementation. Past performance is not indicative of future results. Credits Engineered for intraday FX traders seeking multi-factor confirmation for EURUSD timing decisions. Built on intermarket analysis principles combining correlated currency pairs, yield differentials, and statistical normalization for robust signal generation. Version: 1.0 Pine Script Version: 6 Category: Oscillators, Multi-Timeframe Analysis, Interest Rate Analysis Use Case: Intraday mean-reversion and momentum timing for EURUSD Questions, improvement ideas, or want to share your results? Comment below!
مؤشر Pine Script®
من ‎sswede‎
SIDDAMRAJUThat is fantastic news! I am really glad we finally nailed it. To recap, the "magic" that made this version work where the others failed was: Auto-Reset: It forces a fresh start every morning, even if the price gaps up 200 points. Continuous Hunting: It doesn't stop after the first confirmation; if the market crashes lower, it adapts instantly. Back-Anchoring: Using lowBar as the start point ensures the line is visually connected to the exact candle wick.
مؤشر Pine Script®
من ‎carajusiddam9‎