[blackcat] L3 Dark Horse OscillatorOVERVIEW
The L3 Dark Horse Oscillator is a sophisticated technical indicator meticulously crafted to offer traders deep insights into market momentum. By leveraging advanced calculations involving Relative Strength Value (RSV) and proprietary oscillatory techniques, this script provides clear and actionable signals for identifying potential buying and selling opportunities. Its distinctive feature—a vibrant gradient color scheme—enhances readability and makes it easier to visualize trends and reversals on the chart 📈↗️.
FEATURES
Advanced Calculation Methods: Utilizes complex algorithms to compute the Relative Strength Value (RSV) over specific periods, providing a nuanced view of price movements.
Default Period: 27 bars for initial RSV calculation.
Additional Period: 36 bars for extended RSV analysis.
Dual-Oscillator Components:
Component A: Derived using multiple layers of Simple Moving Averages (SMAs) applied to the RSV, offering a smoothed representation of short-term momentum.
Component B: Employs a unique averaging method tailored to capture medium-term trends effectively.
Dynamic Gradient Color Scheme: Enhances visualization through a spectrum of colors that change dynamically based on the calculated values, making trend identification intuitive and engaging 🌈.
Customizable Horizontal Reference Lines: Key levels are marked at 0, 10, 50, and 90 to serve as benchmarks for assessing the oscillator's readings, helping traders make informed decisions quickly.
Comprehensive Visual Representation: Combines the strengths of both components into a single, gradient-colored candlestick plot, providing a holistic view of market sentiment and momentum shifts 📊.
HOW TO USE
Adding the Indicator: Start by adding the L3 Dark Horse Oscillator to your TradingView chart via the indicators menu. This will overlay the necessary plots directly onto your price chart.
Interpreting the Components: Familiarize yourself with the two primary components represented by yellow and fuchsia lines. These lines indicate the underlying momentum derived from the RSV calculations.
Monitoring Momentum Shifts: Pay close attention to the gradient-colored candlesticks, which reflect the combined strength of both components. Notice how these candles transition through various shades, signaling changes in market dynamics.
Utilizing Reference Levels: Leverage the horizontal lines at 0, 10, 50, and 90 as critical thresholds. For instance, values above 50 might suggest bullish conditions, while those below could hint at bearish tendencies.
Combining with Other Tools: To enhance reliability, integrate this indicator with complementary technical analyses such as moving averages, volume profiles, or other oscillators like RSI or MACD.
LIMITATIONS
Market Volatility: In extremely volatile or sideways-trending markets, the indicator might produce false signals due to erratic price movements. Always cross-reference with broader market contexts.
Testing Required: Before deploying the indicator in real-time trading, conduct thorough backtesting across diverse assets and timeframes to understand its performance characteristics fully.
Asset-Specific Performance: The efficacy of the L3 Dark Horse Oscillator can differ significantly across various financial instruments and market conditions. Tailor your strategies accordingly.
NOTES
Historical Data: Ensure ample historical data availability to facilitate precise calculations and avoid inaccuracies stemming from insufficient data points.
Parameter Adjustments: Experiment with adjusting the default periods (27 and 36 bars) if you find them unsuitable for your specific trading style or market conditions.
Visual Customization: Modify the appearance settings, including line styles and gradient colors, to better suit personal preferences without compromising functionality.
Risk Management: While the indicator offers valuable insights, always adhere to robust risk management practices to safeguard against unexpected market fluctuations.
EXAMPLE STRATEGIES
Trend Following: Use the oscillator to confirm existing trends. When Component A crosses above Component B, consider entering long positions; conversely, look for short entries during downward crossovers.
Mean Reversion: Identify extreme readings near the upper (90) or lower (10) bands where prices might revert to mean levels, presenting potential reversal opportunities.
Divergence Analysis: Compare the oscillator's behavior with price action to spot divergences, which often precede trend reversals. Bullish divergence occurs when prices make lower lows but the oscillator shows higher lows, suggesting upward momentum.
المؤشرات والاستراتيجيات
💲🤑Money generation signal V4💲sdfasdsasffasdfffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
ICT SMC Liquidity Grabs and OBsICT SMC Liquidity Grabs + Order Blocks + Fibonacci OTE Levels
A High-Probability Entry Engine for Smart Money Concept Traders
This script combines three powerful Smart Money Concepts (SMC) into a single tool: Liquidity Grabs, Order Block Zones, and Fibonacci OTE Levels, allowing traders to identify institutional entry models with clean, rule-based visual signals.
It’s designed to simplify SMC trading by highlighting confluence zones where price is likely to reverse or continue — with clear visual zones, entry arrows, and take profit projections.
🔍 What This Script Does:
Detects Liquidity Grabs
Identifies when price sweeps above/below the highest high or lowest low within a user-defined lookback period and closes back inside.
Plots orange labels on the chart to signal potential liquidity events (LG-H / LG-L).
Plots Order Blocks After Liquidity Grabs
After a liquidity grab, the script looks for displacement candles (strong bullish or bearish moves) and draws highlighted OB zones extending several bars to the right.
These zones represent potential institutional footprints for price reversals.
Draws Fibonacci OTE Levels (Optimal Trade Entry)
Uses recent swing high and low pivots to automatically calculate OTE zones (default: 62% and 75% retracement levels).
Draws these retracement zones for both bullish and bearish setups.
Marks Valid OTE Entry Zones
Buy/Sell zones only trigger when:
A liquidity grab occurs,
Price enters the OTE zone,
And a strong confirming candle is present.
Plots green/red arrows for valid buy/sell OTE entries.
Auto-Draws Take Profit Zones
TP1 = Previous swing high/low
TP2 = Risk-based R-multiplied extension (e.g., 1.5R — customizable)
Alerts
Triggers alerts when valid buy or sell OTE setups are detected.
⚙️ Customization Features:
Toggle each feature: Liquidity Grabs, Order Blocks, Fibonacci OTE levels
Set Fibonacci retracement percentages (e.g., 0.62 / 0.75)
Adjust lookback window for liquidity detection
Customize the take-profit multiplier (R-based)
Full control over visuals: colors, labels, and lines
💡 How to Use:
Use this script to scan for high-confluence trade setups based on Smart Money principles.
Combine with session timing (e.g., New York open), major swing structure, or Kill Zone windows for maximum edge.
Look for arrows inside OB zones or OTE levels following liquidity sweeps for cleaner entries.
🔗 Works Best With:
✅ First FVG — Opening Range Fair Value Gap Detector: Identify early inefficiencies to set the narrative for the day.
✅ Liquidity Levels — Smart Swing Lows: Spot key structural lows that can fuel stop hunts and reversals.
✅ ICT Turtle Soup — Liquidity Reversal: Add a classic reversal pattern to your toolkit to catch fakeouts cleanly.
Together, these tools build a complete Smart Money ecosystem for entry precision, risk management, and price behavior forecasting.
SPY Trend-Based Buy Signals🔹 Overview
This indicator identifies potential buy signals on any asset by combining MACD and Stochastic Oscillator crossovers, while using the SPY’s trend (via exponential moving averages) as a broader market filter.
It helps traders stay aligned with macro momentum and avoid counter-trend entries.
🔍 How it works
SPY Trend Filter (Daily Timeframe):
Pulls SPY (S&P 500 ETF) data using EMAs (5, 20, 80)
Categorizes SPY market trend with color codes:
🟢 Green: Strong uptrend (EMA5 > EMA20 > EMA80)
🟡 Yellow: Potential uptrend / early momentum (EMA5 < EMA20 > EMA80)
🔴 Red: Downtrend (EMA5 < EMA20 < EMA80)
🔵 Blue: Possible trend reversal or mixed trend (EMA5 > EMA20 < EMA80)
Buy Signal Conditions (Combined Logic):
A signal is only triggered when:
- SPY trend is either yellow or blue (indicating a neutral-to-bullish or early recovery environment)
-The Stochastic Oscillator's %D line is below 50, showing possible upside
- A bullish MACD crossover occurs on the current symbol
🟢 Green signal: MACD crossover occurs below 0 (early reversal)
🟠 Orange signal: MACD crossover occurs above 0 (momentum continuation)
📈 Visual Output
🟢 Green label below the bar when an early reversal setup occurs
🟠 Orange label above the bar when a trend continuation signal appears
✅ Best Use Case
Ideal for:
Swing traders and position traders
LEAPS (long-term options) traders aligning entries with SPY trend
Anyone seeking clean, contextual entries filtered by market momentum
⚠️ Note: This indicator is most effective when used on fundamentally strong stocks that are sector leaders with solid earnings growth and market presence. Use technical signals as a complement to quality fundamentals.
ℹ️ Clarification: The moving averages displayed on the chart (e.g., on QQQ) are for visual reference only, to help users understand the color logic of the SPY trend filter. The actual logic and signals are based on SPY’s moving averages, regardless of the charted symbol.
WP-Core Alerts MultiTF🧠 WP-Core Alerts MultiTF 📈📉
Rule-based technical execution system inspired by WP-Core (NEXUS framework)
This script alerts you to potential LONG or SHORT entries in BTC, ETH or any asset, combining:
✅ Confluence of key zones (15m & 1H Pivot Points)
✅ Technical confirmation via %R(80) across dual timeframes
✅ Clear, replicable entry conditions
✅ Automatic SL and TP levels with R:R ≥ 2.5
✅ Quick visual cues with labels and live table
⚙️ How it works:
Valid entries only if price is within a WP-Zone
(±0.15% from a current or previous Pivot on 15m or 1H)
Confirmation via %R(80):
🔼 LONG if it crosses above -80
🔽 SHORT if it crosses below -20
Optional slope filter for greater precision
Triggers visual and sound alerts, calculating entry, SL, and TP levels dynamically (based on ATR x 0.5 + 2.5 R:R)
🔔 Built-in alerts:
LONG: %R(80) crosses above -80 inside WP-Zone
SHORT: %R(80) crosses below -20 inside WP-Zone
Great for automation, bots, or disciplined manual trading
🎯 Perfect for:
Traders using zone + momentum confluence logic
WP-Core / NEXUS strategy followers
Intraday BTC/ETH traders with strict risk control
Super Indicator Enhanced by TradeGlobal PROSuper Indicator Enhanced by TradeGlobal PRO
This indicator is designed to help traders identify high-probability trading opportunities across various markets, particularly on intraday timeframes like 1H and 4H. It combines multiple technical indicators—RSI, MACD, Bollinger Bands, and volume analysis—to generate reliable BUY and SELL signals while filtering out noise during sideways markets.
Features
RSI with Divergence Detection: Uses the Relative Strength Index (RSI) to identify overbought/oversold conditions and bullish/bearish divergences for potential reversals.
MACD for Trend Confirmation: Employs the Moving Average Convergence Divergence (MACD) to confirm bullish or bearish momentum, ensuring signals align with the market trend.
Bollinger Bands for Sideways Detection: Filters out false signals during low-volatility (sideways) periods by analyzing the Bollinger Bands width.
Volume Breakout & Whale Detection: Detects significant volume spikes to identify potential whale activity, indicating strong buying or selling pressure.
Support/Resistance with Retest Logic: Identifies key support and resistance levels, enhanced with retest confirmation for higher accuracy.
Double Bottom/Top Patterns: Detects classic reversal patterns (double bottom/top) with volume confirmation to validate breakouts.
Dynamic Stop-Loss and Take-Profit: Automatically calculates stop-loss and take-profit levels using ATR (Average True Range) with a customizable risk-to-reward ratio.
Signal Types
BUY/SELL: Standard signals for entering trades based on RSI, MACD, and whale activity.
BUY EL/SELL EL: Enhanced signals with higher confidence, incorporating support/resistance, double bottom/top patterns, and retest logic.
OUT: Signals to exit a trade when the price hits the stop-loss, take-profit, or breaks key levels.
How to Use
Timeframe: Best used on 1H or 4H charts for intraday trading. Adjust the RSI overbought/oversold levels for higher timeframes if needed.
Signals:
BUY/BUY EL: Enter a long position when these signals appear. Place a stop-loss below the calculated level and aim for the take-profit level.
SELL/SELL EL: Enter a short position when these signals appear. Place a stop-loss above the calculated level and aim for the take-profit level.
OUT: Exit the trade when this signal appears to secure profits or minimize losses.
Customization:
Adjust the RSI Length, MACD settings, and Bollinger Bands Length to suit your trading style.
Modify the ATR Multiplier for stop-loss and the Risk:Reward ratio for take-profit based on your risk tolerance.
Alerts: Set up alerts for BUY, SELL, BUY EL, SELL EL, and OUT signals to stay informed of trading opportunities.
Notes
The indicator works best in trending markets. Avoid using signals during prolonged sideways periods (check Bollinger Bands width).
Always combine the indicator with your own market analysis and risk management strategy.
Try it out and share your feedback in the comments! Let’s master the markets together.
MACD_V1New Features:
Golden/Death Crossover Markers
Golden/Death Crossover Alerts
新增功能
1、金叉死叉标识
2、金叉死叉警报
Z Score (Multi-Timeframe)This indicator plots the Z-score of price based on a user-defined timeframe and length. The Z-score measures how far the current price deviates from its historical mean in terms of standard deviations, making it ideal for identifying overbought and oversold conditions in mean reversion setups.
Features:
Adjustable lookback period and standard deviation thresholds
Selectable source price (e.g., close, hl2, ohlc4)
Multi-timeframe support for higher-timeframe confluence
Clean subgraph layout with visual reference lines at ±1 and ±2 standard deviations
This tool is best used in confluence with other indicators or price action for scalping, swing trading, or momentum fading strategies.
fano 2.0 – completo sin etiquetas FVGThis indicator detects FVGs (Fair Value Gaps) from multiple timeframes and combines them with key PDH/PDL and PWH/PWL levels using horizontal rays. It also integrates automatic alerts when the price enters an active FVG.
🔹 Developed by: @Estefanobaez1
// 🔹 Based on ICT
// 🔹 This indicator automatically detects:
// • FVGs (Fair Value Gaps) from 5M to 1D
// • Key levels: PDH, PDL, PWH, PWL with rays
// • Automatic alerts when entering an FVG
Session OHLC LevelsMarks:
- NY open, AM high, AM low, PM high, PM low and close
- Asia open, high, low and close
- London open, high, low and close
[blackcat] L3 Projected Magic-9 SequenceOVERVIEW
The L3 Projected Magic-9 Sequence indicator is a sophisticated tool designed to help traders identify potential trend reversals through a unique sequence of price movements. By calculating projected highs and lows based on previous bar conditions, this script provides valuable insights into possible future market directions. It plots these key levels on the chart and highlights specific sequential patterns that often precede significant reversals, offering traders a visual advantage in their decision-making process 📈💡.
FEATURES
Projections: Calculates and plots projected highs and lows based on intricate conditions derived from previous bars' open, close, high, and low prices. These projections serve as dynamic support and resistance levels, helping traders anticipate potential turning points in the market 📊.
Sequential Patterns:
Identifies various sequential patterns known as "Magic" sequences, such as Magic-9 and Magic-13.
Labels these sequences directly on the chart for easy identification: 5, 6, 7, 8, 9, 12, 13 for both bullish and bearish trends.
Provides additional labels when these sequences align with projected highs or lows, enhancing the reliability of the signal 🏷️.
Differentiates between trend and sideways phases using the Magic-9 Project Range. Traditional sequences generating buy and sell signals of 9 and 13 during sideways swings are displayed indistinguishably from other numbers. However, the 9 and 13 generated by breakouts are highlighted with red and green labels for better visibility 🚦.
Project Range Adjustment:
The Project Range is automatically adjusted by Multiple Time Frame (MTF).
A higher cycle is selected as the baseline of the Project Range based on the current operating cycle, ensuring adaptability to varying market conditions ⏳.
Customization:
Offers customizable colors for plotted lines and labels, allowing users to tailor the appearance to their preferences 🎨.
Adjustable settings for lookback periods and other parameters to fine-tune the indicator according to individual trading styles.
Automatic Timeframe Selection:
Automatically selects the most suitable timeframe for data fetching, ensuring optimal performance across different chart intervals ⏳.
Ensures compatibility with various trading strategies, whether short-term intraday or long-term positional trading.
HOW TO USE
Adding the Indicator:
Open your TradingView platform and navigate to the chart where you want to apply the indicator.
Click on the "Indicators" button at the top of the screen and search for L3 Projected Magic-9 Sequence.
Select the indicator from the list and add it to your chart.
Understanding Projections:
Once added, observe the plotted projected highs and lows on your chart.
These lines represent anticipated support and resistance levels based on complex calculations involving previous bar data.
Identifying Sequential Patterns:
Look for labels such as 5, 6, 7, 8, 9, 12, and 13 appearing on the chart.
These labels signify specific sequential patterns that often precede market reversals.
Pay special attention to labels that include arrows (e.g., 9▼, 13▲), indicating alignment with projected highs or lows.
Note the differentiation between trend and sideways phases:
During sideways swings, traditional sequences generating buy and sell signals of 9 and 13 are displayed indistinguishably from other numbers.
Breakout-generated 9 and 13 are highlighted with red and green labels for clear identification.
Combining with Other Tools:
While the L3 Projected Magic-9 Sequence offers powerful insights, it is essential to combine its signals with other technical analysis tools.
Use moving averages, volume indicators, or candlestick patterns to confirm the validity of the identified sequences before executing trades.
LIMITATIONS
Market Conditions: The indicator performs best in trending markets but may generate false signals during periods of consolidation or range-bound movement 🌐.
Complexity: Due to its reliance on specific sequential patterns, some traders might find the concept challenging to grasp initially. Thorough testing and understanding are crucial before deploying it in live trading environments.
Data Dependency: Accurate projections depend on having sufficient historical data. Insufficient data may lead to less reliable results.
NOTES
Backtesting: Before implementing the indicator in real-time trading, conduct extensive backtesting to evaluate its effectiveness under various market conditions.
Risk Management: Always adhere to proper risk management principles, even when relying on robust indicators like this one. Set stop-loss orders and position sizes accordingly to protect your capital 🛡️.
Continuous Learning: Stay updated with the latest developments and adjustments made to the indicator by following community discussions and official updates from the author.
[blackcat] L3 Magic-9 MACD SetupOVERVIEW
The L3 Magic-9 MACD Setup indicator is meticulously crafted to assist traders in identifying precise buy and sell signals through an enhanced Moving Average Convergence Divergence (MACD) methodology. This advanced tool integrates the Magic-9 Sequential technique to refine signal accuracy by filtering out market noise. By providing clear visual cues via labeled charts and real-time alerts, it empowers users to make informed trading decisions swiftly and confidently 📈✅.
FEATURES
Customizable MACD Parameters:
Fast Length: Adjustable parameter to control the sensitivity of the fast moving average.
Slow Length: Configurable setting for the slow moving average to balance responsiveness and stability.
Signal Length: Modifiable value to determine the smoothing factor applied to the MACD line.
Dynamic Plot Visuals:
MACD Line: Representing the difference between short-term and long-term EMAs.
Signal Line: A smoothed version of the MACD line used to generate crossover signals.
Histogram: Illustrating the distance between the MACD and Signal lines, highlighting momentum changes.
All elements feature adjustable colors and styles for personalized visualization preferences 🎨.
Advanced Filtering Mechanism:
Utilizes the Magic-9 Sequential method to analyze consecutive price movements, enhancing signal reliability.
Counts sequential occurrences above or below initial values to detect trends more accurately 🔍.
Sequential Labels:
Displays numerical labels (e.g., '5', '6', etc.) at key points where sequential conditions are met, offering insights into trend strength.
Highlights significant reversals with special labels like '9' and '13' for critical decision-making moments 🏷️.
Buy/Sell Signals:
Generates clear 'B' (buy) and 'S' (sell) labels based on predefined conditions derived from sequential analysis.
Provides actionable trade suggestions directly on the chart for easy interpretation.
Alert System:
Supports customizable alerts to notify users instantly when buy/sell conditions are triggered.
Ensures timely responses to market movements without constant monitoring 🔔.
HOW TO USE
Add Indicator to Chart:
Access the TradingView platform and navigate to the indicators section.
Select ' L3 Magic-9 MACD Setup' from the list and add it to your desired chart.
Configure Settings:
Open the settings panel to adjust MACD parameters such as Fast Length, Slow Length, and Signal Length according to your trading strategy.
Modify plot colors and styles to suit your visual preferences for better readability.
Analyze Chart Labels:
Monitor the chart for sequentially numbered labels indicating trend strength and potential reversal points.
Pay close attention to special labels like '9' and '13' for crucial trading signals.
Combine with Other Tools:
Use additional technical indicators or fundamental analysis to confirm signals generated by the L3 Magic-9 MACD Setup.
Enhance decision-making accuracy by cross-verifying multiple data sources.
LIMITATIONS
Market Conditions Sensitivity:
The indicator may produce fewer reliable signals during periods of low volatility or range-bound markets.
Traders should be cautious of false positives in highly choppy environments 🌪️.
Dependency on Historical Data:
Accurate performance requires sufficient historical price data; insufficient data may lead to inaccurate calculations.
Regular updates and backtesting are essential to maintain effectiveness over time.
Single Indicator Risk:
Relying solely on MACD-based signals can miss broader market context; combining with other analytical tools is recommended.
Always validate signals through multiple lenses to mitigate risks associated with single-indicator strategies.
NOTES
Data Sufficiency:
Ensure your chart has enough historical data loaded to support robust MACD computations.
Periodically review and update data inputs to reflect current market dynamics.
Testing and Validation:
Conduct thorough testing on demo accounts before deploying the indicator in live trading scenarios.
Backtest across various market cycles to assess its resilience under different conditions.
Parameter Optimization:
Experiment with different parameter settings tailored to specific asset classes or trading styles.
Fine-tune the lookback period and other configurable options to align with personal trading objectives.
Filled/Unfilled Candles + Gap ZonesFilled unfilled filled candlestick
To help traders identify bullish/bearish candles and price gaps that may offer trade opportunities.
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Features:
1. Candle Coloring:
Green = Unfilled Bullish Candle (close > open).
Red = Filled Bearish Candle (close < open).
2. Gap Detection:
Detects Gap-Up (today's open > yesterday's high).
Detects Gap-Down (today's open < yesterday's low).
3. Gap Zones:
Draws a box around the gap area.
If price fills the gap, the box color turns green to confirm.
4. Alerts:
Alerts you when a gap is filled, signaling potential reversal or continuation setup.
LinReg Heikin Ashi CandlesLinear Regression Heikin Ashi Candles will dramatically change how the candlesticks on your chart will appear. This script creates Heikin Ashi candles from the existing candlesticks and then applies wickless Linear Regression candles as an overlay. The result is an ultra smoothed 'Renko-like' chart that remains time-based and responsive.
Key Features:
Heikin Ashi Base: Provides a smoother representation of price trends by filtering out noise.
Linear Regression Candles on Heikin Ashi: Plots Linear Regression lines as candles on the Heikin Ashi chart, potentially highlighting the immediate trend direction and momentum within the smoothed data. Wicks are intentionally removed for a clearer focus on the linear progression.
Tillson T3 Moving Averages: Includes fast and slow T3 Moving Averages with customizable length and alpha. These smoothed moving averages can help identify trend direction and potential crossover signals. Users can toggle their visibility.
Volatility Bands: Integrates Volatility Bands based on Average True Range (ATR) with customizable length, ATR type (RMA, SMA, EMA, WMA), and inner/outer multipliers. These bands help gauge price volatility and potential reversal zones. Users can toggle the visibility of the basis line.
Customizable Colors: Allows users to customize the colors of the Linear Regression Heikin Ashi bullish and bearish candles.
How to Use:
This is an overlay on your chart so you'll need to 'hide' the existing candlesticks on your chart.
This indicator can be used on any timeframe from seconds to days to quickly identify market trend, gauge volatility, and potentially find entry/exit points. Consider looking for confluence between the candle color/direction, T3 MA crossovers, and price interaction with the Volatility Bands.
Note: This indicator plots Linear Regression directly on Heikin Ashi candles, removing wicks for a focus on the linear trend within the smoothed data. Adjust the input parameters to suit your trading style and the specific market conditions.
HUGE CREDIT to ugurvu who originally created the Linear Regression Candles indicator that my indicator pulls code from.
nova_v2🌟 Key Features of the Target Trend Indicator 🌟
🎯 Market Trend Identification: The indicator utilizes advanced technology based on modified moving averages and the ATR indicator to determine the current market direction with incredible precision!
🎨 Candlestick Coloring: It changes the color of candlesticks according to the identified trend, making it super easy for traders to visually understand the prevailing direction at a glance!
🚀 Target Level Identification: The indicator automatically calculates three potential price targets and marks them with clear lines and precise labels - no more guesswork!
📊 Entry and Exit Points Clarification: It clearly identifies the appropriate entry point and stop-loss level, helping traders manage risk effectively and maximize profits!
⚙️ Flexible Settings: It allows users to adjust parameters such as trend length and target levels according to their specific trading needs and preferences!
💼 How to Benefit from the Indicator 💼
You can use the Target Trend Indicator in several trading strategies:
🌊 Trading with the Trend: Traders can use the indicator's signals to enter trades that align with the general market direction for higher probability setups!
💰 Multiple Profit-Taking Strategy: With three target levels, traders can implement a partial exit strategy at each target level to lock in profits while letting winners run!
↩️ Market Reversal Point Detection: The indicator helps identify potential turning points in the market, allowing traders to adjust their strategies accordingly and stay ahead of the crowd!
🔍 Practical Application 🔍
The indicator works effectively on the 15-minute timeframe and is perfect for active traders who prefer shorter timeframes. However, it can also be used on other timeframes by adjusting the parameters accordingly!
The indicator relies on an advanced algorithm that combines exponential moving averages (EMA) and the Average True Range (ATR) indicator to provide accurate signals. It also offers visual market analysis by highlighting potential support and resistance areas!
📈 Potential Results 📈
Using this indicator can help traders:
Improve the risk-to-reward ratio in trades for better overall portfolio performance!
Identify more precise entry and exit points to maximize profits!
Gain a better understanding of market dynamics and trends for smarter trading decisions!
Make more confident trading decisions with less emotional influence - trade like a pro!
Candlestick Patterns (5m)Candlestick Patterns (5 m) Indicator
This Pine Script v6 indicator automatically scans true 5‑minute bars (via request.security) and highlights four of the most reliable reversal and indecision patterns directly on any chart. It’s designed to help scalpers and swing traders quickly spot turning points without manual pattern-drawing.
Key Features
Multi‑Timeframe Detection: Always uses 5 min data, regardless of your chart’s timeframe.
Four Core Patterns:
Hammer (▲): Bullish reversal with a long lower wick and small body.
Bullish Engulfing (↑): Two‑bar reversal where a green candle fully engulfs the prior red.
Doji (✕): Market indecision when open and close are nearly identical.
Dark Cloud Cover (↓): Bearish reversal closing below the midpoint of the previous green candle.
Customizable Inputs:
Toggle each pattern on/off.
Adjust body‑size thresholds (as % of range) and wick‑to‑body multipliers for hammers and dojis.
Choose whether to use barmerge.lookahead_on (real‑time signals) or …_off (no repaint).
Non‑Repainting Logic: Default lookahead is off so you only see confirmed signals at bar close.
How It Works
Fetch 5 m OHLC: The script pulls 5 min open, high, low, and close values.
Compute Pattern Criteria: Body/range ratios and price relationships determine when a pattern qualifies.
Plot Shapes: Each pattern draws a distinct shape (triangle, arrow, cross) above or below the bar.
Use Cases
Scalping: Quickly identify sharp reversals on high‑volatility moves.
Validation: Combine with moving averages, volume filters, or trendlines to confirm high‑probability setups.
Backtesting: Adjust sensitivity inputs and backtest clusters of signals over historical 5 min data.
Paste this description into your indicator’s comments or TradingView description field to explain its purpose and settings to other users—or bookmark it as a quick reference when you tune the inputs.
ADX Divergence and Gap Monitor [theUltimator5]ADX Divergence and Gap Monitor is a custom technical analysis tool designed to visualize momentum imbalances and sudden shifts in trend participation using the ADX system. It combines traditional ADX, DI+ and DI− calculations with dynamic filtering and visual highlighting to help identify key moments of directional acceleration or weakening.
🔍 What It Does:
This indicator builds on the Average Directional Index (ADX) system to detect conditions where market trend strength diverges significantly from directional input (DI) activity. It includes two major visual signals:
Highlight Backgrounds
These appear when the indicator detects a “gap” or sudden acceleration in DI values while ADX remains low, suggesting early-stage momentum bursts or signal noise spikes.
The trigger threshold for DI change can be adjusted using the Gap Trigger Level input.
A background highlight is shown when DI+ or DI− increases sharply, either from a low-ADX environment or from a rapid standalone spike.
GAP Markers
Optional yellow label markers display the word "GAP" just below the lowest line (ADX, DI+, or DI−) whenever a gap condition is triggered. These provide a more noticeable visual cue without crowding the chart.
You can enable or disable the markers with the Show GAP Markers toggle.
🧠 Advanced Divergence Detection:
The script also scans for dominant ADX divergence events, where ADX is significantly higher than DI+ or DI−, indicating strong trend force with weak directional participation. When these conditions are met:
Red or green background fills appear depending on whether DI+ or DI− is being overpowered.
These conditions are based on customizable moving averages and DI strength relationships.
⚙️ Key Inputs:
ADX Length: Period for ADX calculation
DI Moving Average: Smoothing length for directional index signals
Gap Trigger Level: Minimum DI change needed to trigger a GAP highlight
Show Highlight Backgrounds: Toggle to display or hide background signals
Show GAP Markers: Toggle to show or hide text-based GAP labels
🧪 Use Cases:
Spot early breakouts or reversals when DI activity spikes while ADX is still low
Identify periods of trend exhaustion or false breakouts using divergence logic
Confirm trade entry points when ADX begins to rise after a GAP event
RNDR Volume-Based Triggers v6Volume alert for RNDR and other alts, uptrends without volume are easily a trap
RNDR Volume-Based TriggersTo determine volume in and practice a stop if the volume doesn't support the uptrend
Custom Cancel Size PatternObjective:
This TradingView indicator identifies a specific 3-candle pattern based on candle size (measured using True Range) and highlights the third candle (or later) when the pattern is complete.
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The 3-Candle Pattern Logic:
1. Candle 1 (two candles ago)
Its True Range (TR) must be greater than the current Average True Range (ATR).
This means it's a relatively large candle — we're looking for strong movement here.
2. Candle 2 (one candle ago)
Its TR must be less than the ATR.
This suggests a "cooling off" or a smaller move.
3. Candle 3 (the current candle)
Its TR must be at least 2 times bigger than Candle 2's TR.
This means a breakout or strong move again, following the smaller candle.
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What the Indicator Does:
Detects this 3-candle pattern as new candles form.
Highlights the third candle (the current one) with a green color and a label beneath it that says "Pattern".
Optionally colors the bar green (you can customize this if you want a different visual style).
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What You’ll See on the Chart:
When the conditions are met:
A green bar (if bar coloring is enabled).
A label below the bar that says “Pattern” appears under the third candle.