ICT Macro Slot Algo Event📊 Overview
A powerful multi-timeframe trading indicator that combines Institutional Macro Session Tracking identify optimal trading windows throughout the day. This tool helps traders align with institutional flow patterns and algorithmic activity across major sessions.
🎯 Key Features
1. Macro Algo Event Sessions
Tracks 6 key institutional time windows during NY Session:
NY Sweep (08:50-09:10) - Opening balance flows
Silver Bullet #1 (09:50-10:10) - First major macro move
Silver Bullet #2 (10:50-11:10) - Second chance/retest opportunity
Lunch Macro (11:50-12:10) - Mid-day repositioning
Post-Lunch Rebalance (13:10-13:40) - Post-lunch adjustments
NY Closing Macros (15:15-15:45) - End-of-day flows
ابحث في النصوص البرمجية عن "BULL"
ICT Macro Slot Algo Event📊 Overview
A powerful multi-timeframe trading indicator that combines Institutional Macro Session Tracking to identify optimal trading windows throughout the day. This tool helps traders align with institutional flow patterns and algorithmic activity across major sessions.
🎯 Key Features
1. Macro Algo Event Sessions
Tracks 6 key institutional time windows during NY Session:
NY Sweep (08:50-09:10) - Opening balance flows
Silver Bullet #1 (09:50-10:10) - First major macro move
Silver Bullet #2 (10:50-11:10) - Second chance/retest opportunity
Lunch Macro (11:50-12:10) - Mid-day repositioning
Post-Lunch Rebalance (13:10-13:40) - Post-lunch adjustments
NY Closing Macros (15:15-15:45) - End-of-day flows
BTC Macro Heatmap (Fed Cuts & Hikes)🔴 1. Red line – Fed Funds Rate (policy trend)
This line tells you what stage of the monetary cycle we’re in.
Rising red line = the Fed is hiking → liquidity is tightening → money leaves risk assets like BTC.
Flat = pause → markets start pricing in the next move (often sideways BTC).
Falling = easing / cutting → liquidity returns → bullish environment builds.
The rate of change matters more than the level. When the slope turns down, capital starts seeking yield again — BTC benefits first because it’s the most volatile asset.
💚 2. Dim green zones – detected cuts
These are data-based easing events pulled directly from FRED.
They show when the actual effective rate began moving down, not necessarily the exact meeting day.
Think of them as the Fed’s “foot off the brake” — that’s when risk markets begin responding.
🟩 3. Bright green lines – official FOMC cuts
These are the real policy shifts — the Fed formally changed direction.
After these appear, BTC historically transitions from accumulation → markup phase.
Look at 2020: the bright green lines came right before BTC’s full reversal.
You’re seeing the same thing now with the 2025 lines — early-stage liquidity return.
🟠 4. Orange line – DXY (US Dollar Index)
DXY is your “risk-off” gauge.
When DXY rises, global investors flock to dollars → BTC usually weakens.
When DXY peaks and starts dropping, it means risk appetite is coming back → BTC rallies.
BTC and DXY are inversely correlated about 70–80% of the time.
Watch for DXY lower highs after rate cuts — that’s your macro confirmation of a BTC-friendly environment.
🟦 5. Aqua line – BTC (normalized)
You’re not looking for the price itself here, but its shape relative to DXY and the Fed line.
When BTC curls up as the red line flattens and DXY rolls over → that’s historically the start of a major bull phase.
BTC tends to bottom before the first cut and explode once DXY decisively breaks down.
🧠 Putting it together
Here’s the rhythm this chart shows over and over:
Fed hikes (red line rising) → BTC weakens, DXY climbs.
Fed pauses (red line flat) → BTC stops falling, DXY tops.
Fed cuts (dim + bright green) → DXY turns down → BTC begins long recovery → bull cycle starts.
Chop Meter + Trade Filter 1H/30M/15M (Ace PROFILE v3)💪 How to Actually Use This (The MMXM Way)
1️⃣ Check the Status Before ANY trade
If it says NO TRADE → Do not fight it.
Your psychology stays clean.
2️⃣ If TRADE (1M NO TRADE – 15M CHOP)
Avoid:
1M SIBI/OB
1M BOS/CHOCH
1M SMT
1M Silver Bullet windows
Use only higher-timeframe breaks.
3️⃣ If ALL THREE are NORMAL → Full Go Mode
Every tool is unlocked:
1M microstructure
1M FVG snipes
Killzones
Silver Bullet
SMT timing
MMXM purge setups
This is where your best trades come from.
4️⃣ If 30M is CHOP
Sit tight.
It’s a trap day or compression box.
This one filter alone will save you:
FOMO losses
False expansion traps
Microstructure whipsaws
News fakeouts
Reversal cliffs
Algo snapbacks
🧠 Why This Indicator Works
No indicators.
No RSI.
No Bollinger.
No volume bullshit.
Just structure, time, and compression — exactly how the algorithm trades volatility.
When this tool says NO TRADE, it is telling you:
“This is NOT the moment the algorithm will expand.”
And that’s the whole game.
🔥 Summary
Condition Meaning Action
30M = CHOP 30M box active No trading at all
2+ TF CHOP HTF compression No trading
15M CHOP Micro compression No 1M entries
All NORMAL Expansion conditions Full Go Mode
Momentum Divergence Oscillator by JJMomentum Divergence Oscillator by JJ
A powerful, all-in-one momentum tool designed to streamline trade confluence, combining multi-timeframe trend analysis with automatic divergence spotting and classic MACD signals.
How to Use This Indicator
This oscillator is designed to be used in the lower pane of your chart, beneath your primary price chart. It provides three main types of signals:
1. Multi-Timeframe (MTF) Trend Confirmation
The background shading is your primary trend filter. It looks at the MACD trend on two higher timeframes (30m and 60m by default) to confirm the market's overarching direction.
Green Shading: Indicates that both higher timeframes are in a bullish trend (MACD above signal line). Focus on looking for BUY signals during this time.
Red Shading: Indicates that both higher timeframes are in a bearish trend. Focus on looking for SELL signals during this time.
Grey/No Shading: The higher timeframes are not in agreement or are consolidating. Exercise caution or stick to standard price action rules.
2. Automatic Divergence Signals
Divergence is a powerful early warning system where the indicator moves in the opposite direction of the price. The indicator automatically flags these occurrences:
"Bull RSI Div" (Green Label-Up): Bullish divergence identified using the RSI oscillator. This suggests a potential reversal to the upside after a downtrend.
"Bear RSI Div" (Red Label-Down): Bearish divergence identified using the RSI oscillator. This suggests a potential reversal to the downside after an uptrend.
Tip: These signals are often most reliable when they occur within the corresponding MTF background colour (e.g., a "Bull RSI Div" during a Green MTF background).
3. Momentum Shifts and Crossovers
The standard plots provide immediate insight into market momentum:
Blue/Orange Lines: The traditional MACD line (Blue) and Signal line (Orange).
Histogram (Green/Red Bars): Represents the momentum difference between the MACD and Signal lines.
Zero-Line Crosses (Triangles): Tiny triangles appear when the MACD line crosses the zero line, indicating a shift in long-term momentum.
Peaks & Troughs (X-Crosses): The 'X' markers identify local peaks and troughs in the histogram, sometimes indicating short-term exhaustion of the current move.
Disclaimer: Trading involves significant risk and is not suitable for every investor. This indicator is for educational purposes only and should not be considered financial advice. Always use appropriate risk management.
FxAST Ichi ProSeries Enhanced Full Market Regime EngineFxAST Ichi ProSeries v1.x is a modernized Ichimoku engine that keeps the classic logic but adds a full market regime engine for any market and instrument.”
Multi-timeframe cloud overlay
Oracle long-term baseline
Trend regime classifier (Bull / Bear / Transition / Range)
Chikou & Cloud breakout signals
HTF + Oracle + Trend dashboard
Alert-ready structure for automation
No repainting: all HTF calls use lookahead_off.
1. Core Ichimoku Engine
Code sections:
Input group: Core Ichimoku
Function: ichiCalc()
Variables: tenkan, kijun, spanA, spanB, chikou
What it does
Calculates the classic Ichimoku components:
Tenkan (Conversion Line) – fast Donchian average (convLen)
Kijun (Base Line) – slower Donchian average (baseLen)
Senkou Span A (Span A / Lead1) – (Tenkan + Kijun)/2
Senkou Span B (Span B / Lead2) – Donchian over spanBLen
Chikou – current close shifted back in time (displace)
Everything else in the indicator builds on this engine.
How to use it (trading)
Tenkan vs Kijun = short-term vs medium-term balance.
Tenkan above Kijun = short-term bullish control; below = bearish control.
Span A / B defines the cloud, which represents equilibrium and support/resistance.
Price above cloud = bullish bias; price below cloud = bearish bias.
Graphic
2. Display & Cloud Styling
Code sections:
Input groups: Display Options, Cloud Styling, Lagging Span & Signals
Variables: showTenkan, showKijun, showChikou, showCloud, bullCloudColor, bearCloudColor, cloudLineWidth, laggingColor
Plots: plot(tenkan), plot(kijun), plot(chikou), p1, p2, fill(p1, p2, ...)
What it does
Lets you toggle individual components:
Show/hide Tenkan, Kijun, Chikou, and the cloud.
Customize cloud colors & opacity:
bullCloudColor when Span A > Span B
bearCloudColor when Span A < Span B
Adjust cloud line width for clarity.
How to use it
Turn off components you don’t use (e.g., hide Chikou if you only want cloud + Tenkan/Kijun).
For higher-timeframe or noisy charts, use thicker Kijun & cloud so structure is easier to see.
Graphic
Before
After
3. HTF Cloud Overlay (Multi-Timeframe)
Code sections:
Input group: HTF Cloud Overlay
Vars: showHTFCloud, htfTf, htfAlpha
Logic: request.security(..., ichiCalc(...)) → htfSpanA, htfSpanB
Plots: pHTF1, pHTF2, fill(pHTF1, pHTF2, ...)
What it does
Pulls higher-timeframe Ichimoku cloud (e.g., 1H, 4H, Daily) onto your current chart.
Uses the same Ichimoku settings but aggregates on htfTf.
Plots an extra, semi-transparent cloud ahead of price:
Greenish when HTF Span A > Span B
Reddish when HTF Span B > Span A
How to use it
Trade LTF (e.g., 5m/15m) only in alignment with HTF trend:
HTF cloud bullish + LTF Ichi bullish → look for longs
HTF cloud bearish + LTF Ichi bearish → look for shorts
Treat HTF cloud boundaries as major S/R zones.
Graphic
4. Oracle Module
Code sections:
Input group: Oracle Module
Vars: useOracle, oracleLen, oracleColor, oracleWidth, oracleSlopeLen
Logic: oracleLine = donchian(oracleLen); slope check vs oracleLine
Plot: plot(useOracle ? oracleLine : na, "Oracle", ...)
What it does
Creates a long-term Donchian baseline (default 208 bars).
Uses a simple slope check:
Current Oracle > Oracle oracleSlopeLen bars ago → Oracle Bull
Current Oracle < Oracle oracleSlopeLen bars ago → Oracle Bear
Slope state is also shown in the dashboard (“Bull / Bear / Flat”).
How to use it
Think of Oracle as your macro anchor :
Only take longs when Oracle is sloping up or flat.
Only take shorts when Oracle is sloping down or flat.
Works well combined with HTF cloud:
HTF cloud bullish + Oracle Bull = higher conviction long bias.
Ideal for Gold / Indices swing trades as a trend filter.
Graphic idea
5. Trend Regime Classifier
Code sections:
Input group: Trend Regime Logic
Vars: useTrendRegime, bgTrendOpacity, minTrendScore
Logic:
priceAboveCloud, priceBelowCloud, priceInsideCloud
Tenkan vs Kijun alignment
Cloud bullish/bearish
bullScore / bearScore (0–3)
regime + regimeLabel + regimeColor
Visuals: bgcolor(regimeColor) and optional barcolor() in priceColoring mode.
What it does
Scores the market in three dimensions :
Price vs Cloud
Tenkan vs Kijun
Cloud Direction (Span A vs Span B)
Each condition contributes +1 to either bullScore or bearScore .
Then:
Bull regime when:
bullScore >= minTrendScore and bullScore > bearScore
Price in cloud → “Range”
Everything else → “Transition”
These regimes are shown as:
Background colors:
Teal = Bull
Maroon = Bear
Orange = Range
Silver = Transition
Optional candle recoloring when priceColoring = true.
How to use it
Filters:
Only buy when regime = Bull or Transition and Oracle/HTF agree.
Only sell when regime = Bear or Transition and Oracle/HTF agree.
No trade zone:
When regime = Range (price inside cloud), avoid new entries; wait for break.
Aggressiveness:
Adjust minTrendScore to be stricter (3) or looser (1).
Graphic
6. Signals: Chikou & Cloud Breakout
Code sections :
Logic:
chikouBuySignal = ta.crossover(chikou, close)
chikouSellSignal = ta.crossunder(chikou, close)
cloudBreakUp = priceInsideCloud and priceAboveCloud
cloudBreakDown = priceInsideCloud and priceBelowCloud
What it does
1. Two key signal groups:
Chikou Cross Signals
Buy when Chikou crosses up through price.
Sell when Chikou crosses down through price.
Classic Ichi confirmation idea: Chikou breaking free of price cluster.
2. Cloud Breakout Signals
Long trigger: yesterday inside cloud → today price breaks above cloud.
Short trigger: yesterday inside cloud → today price breaks below cloud.
Captures “equilibrium → expansion” moves.
These are conditions only in this version (no chart shapes yet) but are fully wired for alerts. (Future Updates)
How to use it
Use Chikou signals as confirmation, not standalone entries:
Eg., Bull regime + Oracle Bull + cloud breakout + Chikou Buy.
Use Cloud Breakouts to catch the first impulsive leg after consolidation.
Graphic
7. Alerts (Automation Ready)
[
b]Code sections:
Input group: Alerts
Vars: useAlertTrend, useAlertChikou, useAlertCloudBO
Alert lines like: "FxAST Ichi Bull Trend", "FxAST Ichi Bull Trend", "FxAST Ichi Cloud Break Up"
What it does
Provides ready-made alert hooks for:
Trend regime (Bull / Bear)
Chikou cross buy/sell
Cloud breakout up/down
Each type can be globally toggled on/off via the inputs (helpful if a user only wants one kind).
How to use it
In TradingView: set alerts using “Any alert() function call” on this indicator.
Then filter which ones fire by:
Turning specific alert toggles on/off in input panel, or
Filtering text in your external bot / webhook side.
Example simple workflow ---> Indicator ---> TV Alert ---> Webhook ---> Bot/Broker
8. FxAST Dashboard
Code sections:
Input group: Dashboard
Vars: showDashboard, dashPos, dash, dashInit
Helper: getDashPos() → position.*
Table cells (updated on barstate.islast):
Row 0: Regime + label
Row 1: Oracle status (Bull / Bear / Flat / Off)
Row 2: HTF Cloud (On + TF / Off)
Row 3: Scores (BullScore / BearScore)
What it does
Displays a compact panel with the state of the whole system :
Current Trend Regime (Bull / Bear / Transition / Range)
Oracle slope state
Whether HTF Cloud is active + which timeframe
Raw Bull / Bear scores (0–3 each)
Position can be set: Top Right, Top Left, Bottom Right, Bottom Left.
How to use it
Treat it like a pilot instrument cluster :
Quick glance: “Are my trend, oracle and HTF all aligned?”
Great for streaming / screenshots: everything important is visible in one place without reading the code.
Graphic (lower right of chart )
Trend Following Volatility Trail*Script was previously removed by Moderators at 1.8k boosts* - This was out of my control. This script was very popular and seemed to help a lot of traders. I am re uploading to help the community!
Trend Following Volatility Trail
The Trend Following Volatility Trail is a dynamic trend-following tool that adapts its stop, bias, and zones to real-time volatility and trend strength. Instead of using static ATR multiples like a normal Supertrend or Chandelier Stop, it continuously adjusts itself based on how stretched the market is and how persistent the trend has been. This indicator is based on volatility weighted EMAC
This makes the system far more reactive during momentum phases and more conservative during consolidation, helping avoid fake flips and late entries.
How It Works
The indicator builds an adaptive trail around a smoothed price basis:
– It starts with a short EMA as the “core trend line.”
– It measures volatility expansion versus normal volatility.
– It measures trend persistence by reading whether price has been rising or falling consistently.
– These two components combine to adjust the ATR multiplier dynamically.
As volatility expands or the trend becomes more persistent, the bands widen.
When volatility compresses or the trend weakens, the bands tighten.
These adaptive bands form the foundation of the trailing system.
Bull & Bear State Logic
The tool constantly tracks whether price is above or below the adaptive trail:
Price above the upper trail → Bullish regime
Price below the lower trail → Bearish regime
But instead of flipping immediately, it waits for confirmation bars to avoid noise.
This greatly reduces whipsaws and keeps the focus on sustained moves.
Once a new regime is confirmed:
– A coloured cloud appears (bull or bear)
– A label marks the flip point
– Alerts can be triggered automatically
Best Uses
Identifying regime shifts early
Riding sustained trends with confidence
Avoiding choppy markets by requiring confirmation
Using the adaptive cloud as a directional bias layer
Global M2 ex-China MonitorGlobal M2 Monitor - Ultimate Edition
🎯 OVERVIEW
Advanced global M2 money supply monitoring indicator, offering a unique macroeconomic view of global liquidity. Real-time tracking of M2 evolution in major developed economies.
📊 KEY FEATURES
Global M2 Aggregation : USA, Japan, Canada, Eurozone, United Kingdom
Currency Conversion : All data converted to USD for consistent analysis
High Resolution Display : Daily curve by default
Technical Analysis : 50-period moving average (SMA/EMA/WMA)
Accurate YoY Calculation : Annual variation based on monthly data
Advanced Signal System : Multi-condition color codes
🎨 COLOR SYSTEM - DEFAULT SETTINGS
🟢 GREEN : YoY ≥ 7% AND M2 ≥ SMA → Strong growth + Bullish momentum
🔴 RED : YoY ≤ 2% AND M2 ≤ SMA → Weak growth + Bearish momentum
🟢 LIGHT GREEN : YoY ≥ 7% BUT M2 < SMA → Good fundamentals, temporarily weak momentum
🔴 LIGHT RED : YoY ≤ 2% BUT M2 > SMA → Weak fundamentals, price still supported
🔵 BLUE : YoY between 2% and 7% → Neutral zone of moderate growth
🇨🇳 WHY IS CHINA EXCLUDED BY DEFAULT?
Chinese M2 data presents methodological reliability and transparency issues. Exclusion allows for more consistent analysis of mature market economies.
Different M2 definition vs Western standards
Capital controls affecting real convertibility
Frequent monetary manipulations by authorities
✅ Available option : Can be activated in settings
⚙️ OPTIMIZED DEFAULT PARAMETERS
// DISPLAY SETTINGS
Candle Period: D (Daily)
// MOVING AVERAGE
MA Period: 50, Type: SMA
// BACKGROUND LOGIC
YoY Bullish: 7%, YoY Bearish: 2%
SMA Method: absolute, Threshold: 0.2%
// COLORS
Transparency: 5%
China M2: Disabled
📈 RECOMMENDED USAGE
Traders : Anticipate sector rotations
Investors : Identify abundant/restricted liquidity phases
Macro-analysts : Monitor monetary policy impacts
Portfolio managers : Understand inflationary pressures
🔍 ADVANCED INTERPRETATION
M2 ↗️ + YoY ≥ 7% → Favorable risk-on environment
M2 ↘️ + YoY ≤ 2% → Defensive risk-off environment
Divergences → Early warning signals for trend changes
💡 WHY THIS INDICATOR?
Global money supply is the lifeblood of the financial economy . Its growth or contraction typically precedes market movements by 6 to 12 months.
"Don't fight the Fed... nor the world's central banks"
🛠️ ADVANCED CUSTOMIZATION
All parameters are customizable:
YoY bullish/bearish thresholds
SMA comparison method (absolute/percentage)
Colors and transparency
Moving average period and type
Optional China inclusion
📋 TECHNICAL INFORMATION
YoY Calculation : Based on monthly data for consistency
Sources : FRED, ECONOMICS, official data
Updates : Real-time with publications
Currencies : Updated exchange rates
Market Breadth Decision HelperMarket Breadth Decision Helper (NYSE/NASDAQ VOLD, ADD, TICK)
Combines NYSE VOLD, NASDAQ VOLD (VOLDQ), NYSE/NASDAQ ADD, and TICK into a single intraday dashboard for tactical bias and risk management.
Tiered pressure scale (sign shows direction, abs(tier) shows intensity): 0 = Neutral, 1 = Mild, 2 = Strong, 3 = Severe, 4 = Panic. On-chart legend makes this explicit.
Table view highlights value, tier, bull/bear point contributions, and notes (PANIC, OVERRIDE, DIVERGENCE). VOLD and ADD panic trigger “stand down”; VOLD ±2 triggers bull/bear overrides; NYSE vs NASDAQ ADD divergence triggers “scalp only.”
Bull/bear points: VOLD 2 pts, ADD NYSE 2 pts, ADD NASDAQ 1 pt, TICK 1 pt. ≥3 pts on a side lifts that side’s multiplier to 1.5. Bias flips Bullish/Bearish only if a side leads and has ≥2 pts; otherwise Neutral.
Breadth modes: PANIC_NO_TRADE → DIVERGENCE_SCALP_ONLY → VOLD_OVERRIDE_BULL/BEAR → NORMAL/NO_EDGE.
Intraday context: tracks current session day_high / day_low for the chart symbol.
JSON/Alert export (optional) sends raw values plus *_tier and *_tier_desc labels (NEUTRAL/MILD/STRONG/SEVERE/PANIC) with sign/magnitude hints, so agents/bots never have to guess what “1 vs 2 vs 3 vs 4” mean.
Customizable bands for VOLD/ADD/TICK, table styling, label placement, and dashboard bias input to align with higher-timeframe context.
Best use
Quick read on internal participation and pressure magnitude.
Guardrails: respect PANIC and overrides; treat divergence as “scalp only.”
Pair with your strategy entries; let breadth govern when to press, scale back, or stand down.
Symbols (defaults)
VOLD (NYSE volume diff), VOLDQ (NASDAQ volume diff), ADD (NYSE), ADDQ (NASDAQ), TICK (NYSE). Adjust in Inputs as needed.
Alerts
Panic, divergence, strong bullish/bearish breadth. Enable JSON export to feed algo/agent workflows.
Swing Point PnL PressureThis indicator visualizes the cumulative profit potential of bulls and bears based on recent swing highs and lows — offering a unique lens into trend maturity, sentiment imbalance, and exhaustion risk.
🟢 Bull PnL rises as price moves above prior swing lows — reflecting unrealized gains for long positions
🔴 Bear PnL rises as price drops below prior swing highs — capturing short-side profitability
Over time, these curves diverge during strong trends, revealing which side is in control. But when they converge, it often signals that the dominant side is losing steam — a potential turning point where profit-taking, traps, or reversals may emerge.
This tool doesn’t predict tops or bottoms — it tracks the emotional and financial pressure building on each side of the market. Use it to:
Spot trend exhaustion before price confirms it
Identify profit parity zones where sentiment may flip
Time accumulation or distribution phases with greater confidence
Whether you’re swing trading or analyzing macro structure, this indicator helps you see what price alone can’t: who’s winning, who’s trapped, and who’s about to give up.
FVG HTF# FVG HTF — Higher‑Timeframe Fair Value Gaps
## Summary
- Plots higher‑timeframe Fair Value Gap (FVG) zones directly on your current chart.
- Tracks fill progress using four methods: Any Touch, Midpoint Reached, Wick Sweep, Body Beyond.
- Shows optional labels with timeframe source and live fill percentage; label text color is configurable.
- Designed for clean overlays and efficient rendering with limits on graphics and bars processed.
## What It Does
- Detects bullish and bearish FVGs from a chosen timeframe (or the chart timeframe) and renders:
- Zone Top/Bottom lines and a dotted midpoint line
- Semi‑transparent area fill between the edges
- Optional label at the midpoint with a tooltip showing zone prices
- Continuously updates zones forward and removes them when the selected fill condition is met.
## Inputs
- `Enable FVG` (`fvgSH2`): Toggle detection/plotting on/off.
- `Timeframe` (`fvgTF2`): Choose `Chart` or HTFs (`5 Minutes`, `15 Minutes`, `1 Hour`, `4 Hours`, `1 Day`, `1 Week`, `1 Month`).
- `Fill Method` (`fvgFill2`):
- Any Touch — wick or body touches any part of the zone
- Midpoint Reached — price reaches at least the 50% of the zone
- Wick Sweep — wick fully travels past the far edge and back inside (conceptually stricter than touch)
- Body Beyond — candle body closes beyond the opposite edge (strong confirmation)
- `Zones` colors (`fvgCb2`, `fvgCs2`): Bullish/Bearish zone colors.
- `Labels` (`fvgLB2`): Show/Hide on‑chart labels.
- `Label Color` (`fvgLBc2`): Color picker for label text (default: white).
- `Max Bars Back` (`maxBars2`): Limits processing to recent bars for performance.
## Timeframe Rules
- The helper `htfTF` prevents selecting a timeframe lower than the chart. If an invalid lower TF is chosen, it falls back to `timeframe.period`.
- Supports minute, daily, weekly, and monthly aggregations that are safe for intraday/daily/weekly charts.
## Detection Logic
- Uses rolling higher‑timeframe bars constructed on the fly and checks 3‑bar displacement patterns:
- Bullish FVG: current HTF low above the high two bars ago AND previous HTF close above that high, with no direct gap condition.
- Bearish FVG: current HTF high below the low two bars ago AND previous HTF close below that low, with no direct gap condition.
- On detection, the script creates an FVG object with:
- Top/Bottom lines (`lnTop`, `lnBtm`) and midpoint line (`lnAvg`)
- Midpoint label (`lbTxt`) showing source timeframe and updating fill percentage
- Semi‑transparent fill (`linefill`) for visual clarity
## Fill Tracking
- Fill threshold depends on selected method:
- Any Touch: opposite edge
- Midpoint Reached: zone’s midpoint
- Wick Sweep: stricter condition conceptually (implemented as an opposite‑edge threshold)
- Body Beyond: requires close beyond the opposite edge
- Each bar updates label x‑position and line endpoints forward; the label text shows the best fill ratio achieved.
- When the threshold is reached, the FVG (label, lines, fill) is removed from the chart.
## Best Practices
- Start with `Any Touch` to visualize broad repairs; switch to `Body Beyond` for conservative confirmations.
- Use `1 Hour` or `4 Hours` overlays on 5m–15m charts for context; `1 Day` on 1H charts; `1 Week` on daily charts.
- Keep labels on when monitoring fills intraday; hide labels for clean higher‑level context.
- Adjust `Max Bars Back` if performance is impacted by many zones.
## Repainting Notes
- HTF zones are computed on `timeframe.change(tf)` and therefore confirm on HTF bar closes.
- Label endpoints extend each bar; detection itself avoids lookahead bias. For strict confirmation, align entries with HTF closes.
## Limitations
- “Wick Sweep” is treated as a stricter touch to the far edge; it does not enforce a separate “return inside” bar state.
- Label text color applies uniformly to bull/bear labels. If you need separate colors per side, contact the author.
## Credits & Version
- Pine Script v6; © rithsilanew2020
## Quick Start
1. Enable FVG and choose your HTF (e.g., `1 Hour`).
2. Pick a Fill Method (start with `Any Touch`).
3. Select zone colors and label text color.
4. Set `Max Bars Back` as needed for performance.
5. Use labels/tooltip values (Top/Mid/Bottom) to plan entries and manage risk.
Luxy Sector & Industry RS AnalyzerEver wonder why some stocks soar while others in the same sector barely move? Or why your perfectly timed entry still loses money? Possibly the answer can be found in Relative Strength.
The Luxy Sector & Industry RS Analyzer solves a critical problem that most traders overlook: picking strong stocks in strong sectors AND strong industries . It's not enough for a stock to go up - you want stocks that are crushing their competition at both the sector AND industry level. This indicator does the heavy lifting by automatically comparing your stock against its sector ETF, industry ETF, the broader market, sector leader, and industry leader, giving you a complete multi-level picture of relative performance.
What makes this different?
- Automatic sector AND industry detection - no manual setup required
- Multi-level hierarchy analysis: Market → Sector → Industry → Stock
- Multi-timeframe analysis (1 month to 1 year) in one glance
- Industry ETF mapping (30+ industries covered)
- Clear 0-100 scoring system with letter grades (A+ to F)
- Works on stocks, crypto, forex, and commodities
- Real-time updates with anti-repaint protection
Think of it as your performance dashboard - instantly showing you if you're trading a champion or a laggard at every level of the market hierarchy.
METHODOLOGY & ATTRIBUTION
This indicator is based on classical Relative Strength (RS) analysis principles from technical analysis. RS methodology compares an asset's price performance against a benchmark to identify relative outperformance or underperformance. This concept has been used by professional traders and institutions for decades.
Key Concepts Used:
Relative Strength (RS) - Classical technical analysis concept measuring comparative performance
Multi-Level Hierarchy Analysis - Market → Sector → Industry → Stock comparison
Sector Rotation Analysis - Identifying which sectors are leading or lagging the market
Industry Rotation Analysis - Identifying which industries are leading within their sectors
Multi-period Performance Analysis - Evaluating strength across multiple timeframes
Beta Calculation - Standard statistical measure of volatility relative to a benchmark
DISCLAIMER: This indicator is for educational and informational purposes only. It should not be considered financial advice or a recommendation to buy or sell. Past performance does not guarantee future results. Trading involves risk and may not be suitable for all investors. Always do your own research and consult with a financial advisor before making investment decisions.
with all rows visible - capture when stock has strong RS score (70+) so users can see what a "good" setup looks like]
WHAT THE INDICATOR SHOWS
1. AUTOMATIC ASSET TYPE DETECTION
The indicator automatically identifies what you're analyzing and adjusts accordingly:
Stocks - Compares to sector ETF (XLK, XLF, XLV, etc.) and SPY
Crypto - Compares to Total Crypto Market Cap and Bitcoin
Forex - Compares to relevant currency index (DXY, EXY, etc.)
Commodities - Compares to Gold (GLD) as benchmark
Indices - Compares to broader market indices
How it works: The indicator reads your chart's asset type and ticker, then automatically maps it to the correct sector or benchmark. For stocks, it uses intelligent sector detection (looking at the sector field) to match you with the right sector ETF. For example:
- Technology stocks get compared to XLK (Technology Select Sector SPDR)
- Financial stocks get compared to XLF (Financial Select Sector SPDR)
- Healthcare stocks get compared to XLV (Health Care Select Sector SPDR)
This happens instantly when you add the indicator to any chart - no configuration needed.
2. SECTOR & MARKET BENCHMARKS
What is a Sector ETF?
A sector ETF is an exchange-traded fund that tracks a specific industry group. For example, XLK contains all major technology companies. By comparing your stock to its sector ETF, you can see if your stock is outperforming or underperforming its peers.
The indicator shows three key comparison points:
Stock vs Sector (Benchmark)
This tells you how your stock performs compared to companies in the same industry. Positive numbers mean your stock is beating the sector average. Negative numbers mean it's lagging behind.
Stock vs Market (SPY)
This shows performance against the broader S&P 500 index. This is important because even if a stock beats its sector, the entire sector might be weak. You want stocks that beat both their sector AND the market.
Sector vs Market
This reveals "sector rotation" - whether money is flowing into or out of this sector. When this number is positive, the whole sector is hot and leading the market. This is powerful because strong sectors tend to lift all boats, making it easier to find winners.
3. MULTI-PERIOD PERFORMANCE ANALYSIS
The indicator calculates performance across four timeframes simultaneously:
1 Month (1M) - Recent short-term momentum
3 Months (3M) - Medium-term trend strength
6 Months (6M) - Longer-term positioning
1 Year (1Y) - Full-cycle performance view
Why multiple periods matter:
A stock might look great over 1 month but terrible over 6 months - that's a red flag. The best stocks show consistent strength across all timeframes . When you see positive RS (Relative Strength) values across all four periods, you've found a stock with sustained outperformance.
Each row in the table shows:
- Raw performance percentage for that period
- RS value (the difference compared to benchmark)
- Color coding: Green for positive, red for negative, white for neutral
4. SECTOR LEADER COMPARISON
The indicator automatically identifies and compares your stock to the sector leader - the dominant stock in that industry.
Sector leaders by industry:
Technology: Apple (AAPL)
Healthcare: UnitedHealth (UNH)
Financial: JPMorgan Chase (JPM)
Energy: ExxonMobil (XOM)
Consumer Discretionary: Amazon (AMZN)
Consumer Staples: Walmart (WMT)
And more...
Why this matters:
Comparing to the leader shows you if you're trading a champion or a follower. If your stock consistently beats the sector leader, you've found something special. If it's lagging the leader, you might want to trade the leader instead.
Optional Custom Leader:
You can override the automatic leader and compare to any stock you choose. This is useful if you want to benchmark against a specific competitor or reference stock.
NEW! INDUSTRY ANALYSIS (STOCKS ONLY)
The indicator now provides multi-level analysis by automatically detecting and comparing your stock to its specific industry , not just the broad sector.
Why Industry matters:
Technology sector (XLK) contains many different industries: Software, Semiconductors, Hardware, etc. A software stock might beat the broad tech sector but lag behind other software companies. Industry analysis provides this granular view.
Industry ETF Mapping (30+ industries):
Software/Applications: IGV (iShares Software ETF)
Semiconductors: SMH (VanEck Semiconductor ETF)
Biotech: IBB (iShares Biotechnology ETF)
Pharmaceuticals: XPH (SPDR Pharmaceuticals ETF)
Banks: KBE (SPDR S&P Bank ETF)
Regional Banks: KRE (SPDR Regional Banking ETF)
Oil & Gas Exploration: XOP (SPDR Oil & Gas Exploration ETF)
Homebuilders: XHB (SPDR Homebuilders ETF)
Retail: XRT (SPDR S&P Retail ETF)
Aerospace & Defense: ITA (iShares U.S. Aerospace & Defense ETF)
And many more...
Industry Leader Mapping:
The indicator also identifies the leader within each industry:
Software: Microsoft (MSFT)
Semiconductors: NVIDIA (NVDA)
Biotech: Amgen (AMGN)
Pharmaceuticals: Eli Lilly (LLY)
Banks: JPMorgan (JPM)
Oil Exploration: ConocoPhillips (COP)
And more...
New Table Rows for Stocks:
Industry ETF Performance - How the specific industry performed (green background)
Industry Leader Performance - How the top stock in the industry performed
vs Industry RS - Your stock's outperformance vs its industry ETF
Industry vs Sector RS - Is this industry hot or cold within its sector?
vs Industry Leader RS - Your stock's performance vs the industry's best
Why this is powerful:
A stock that beats both its sector AND its industry is showing strength at every level. This indicates true relative strength, not just riding sector-wide momentum.
Optional Custom Industry:
You can override automatic detection for both Industry ETF and Industry Leader in settings.
5. RS SCORE & GRADING SYSTEM (0-100)
The heart of the indicator is the RS Score - a weighted calculation that distills all the performance data into one clear number from 0 to 100.
How the score is calculated:
FOR STOCKS (with Industry data):
The indicator splits the weight between Sector (60%) and Industry (40%):
SECTOR RS (60% of total weight):
1 Month RS: 24% weight (40% × 0.6)
3 Month RS: 18% weight (30% × 0.6)
6 Month RS: 12% weight (20% × 0.6)
1 Year RS: 6% weight (10% × 0.6)
INDUSTRY RS (40% of total weight):
1 Month RS: 16% weight (40% × 0.4)
3 Month RS: 12% weight (30% × 0.4)
6 Month RS: 8% weight (20% × 0.4)
1 Year RS: 4% weight (10% × 0.4)
FOR OTHER ASSETS (Crypto, Forex, Commodities):
Uses full 100% weight on benchmark:
1 Month RS: 40% weight
3 Month RS: 30% weight
6 Month RS: 20% weight
1 Year RS: 10% weight
It starts at 50 (neutral) and adds or subtracts points based on your asset's relative strength in each period.
Bonus points:
+5 points if the sector is outperforming the market (sector rotation is bullish)
+5 points if the industry is outperforming its sector (hot industry) - STOCKS ONLY
+5 points if RS momentum is improving (getting stronger over time)
-5 points if RS momentum is declining (getting weaker)
The final score is capped between 0-100.
Letter Grade System:
90-100: A+ - Elite performer, crushing the sector
85-89: A - Excellent, strong outperformer
80-84: A- - Very good, above average
75-79: B+ - Good, solid performer
70-74: B - Above average, decent strength
65-69: B- - Slightly above average
60-64: C+ - Average, neutral strength
55-59: C - Below average
50-54: C- - Weak, slight underperformance
45-49: D+ - Concerning weakness
40-44: D - Poor, significant underperformance
0-39: F - Failing, avoid this stock
What scores mean for trading:
- RS Score above 70: Strong stocks worth considering for long positions
- RS Score 50-70: Average stocks, better opportunities elsewhere
- RS Score below 50: Weak stocks, avoid or consider for shorts
6. CONSISTENCY SCORE
This metric shows what percentage of time periods show positive RS .
For STOCKS (with Industry data):
Counts both Sector RS periods AND Industry RS periods (up to 8 total periods):
- If a stock beats both sector and industry in all 4 periods each: Consistency = 100% (8/8)
- If it beats in 6 out of 8 total periods: Consistency = 75%
- If it beats in 4 out of 8 total periods: Consistency = 50%
For OTHER ASSETS:
Counts benchmark periods only (4 total):
- If it beats benchmark in all 4 periods (1M, 3M, 6M, 1Y): Consistency = 100%
- If it beats in 3 out of 4 periods: Consistency = 75%
- If it beats in 2 out of 4 periods: Consistency = 50%
Why consistency matters:
A high RS Score with low consistency might indicate a recent spike that could fade. The best stocks show both high RS Score AND high consistency - they're strong now AND have been strong historically at both the sector AND industry level.
Look for stocks with:
Consistency above 75%: Very reliable strength across all levels
Consistency 50-75%: Decent but check other metrics
Consistency below 50%: Weak or erratic, proceed with caution
7. BETA CALCULATION (Volatility Measure)
Beta measures how much more volatile your stock is compared to its sector.
Beta > 1.2 : High volatility - stock moves more aggressively than sector (marked as "High")
Beta 0.8-1.2 : Normal volatility - moves roughly in line with sector
Beta < 0.8 : Low volatility - stock is more stable than sector (marked as "Low")
Formula used:
Beta = Correlation(Stock, Sector) × (Standard Deviation of Stock / Standard Deviation of Sector)
This uses a 20-period calculation for reliability.
How to use Beta:
- High Beta stocks offer bigger gains but also bigger risks - good for aggressive traders
- Low Beta stocks are more defensive - good for conservative positions
- Match Beta to your risk tolerance and strategy
8. DAYS ABOVE/BELOW SECTOR
This tracks consecutive periods (bars) where your stock outperforms or underperforms its sector.
Days Above Sector:
Counts how many bars in a row your stock has beaten the sector.
10+ days: Strong sustained strength (shown in bright green)
5-9 days: Building momentum (shown in yellow)
1-4 days: Early strength (shown in white)
0 days: Not currently outperforming
Days Below Sector:
Counts how many bars in a row your stock has lagged the sector.
10+ days: Sustained weakness (shown in bright red)
5-9 days: Losing momentum (shown in orange)
1-4 days: Minor weakness (shown in white)
0 days: Not underperforming (this is good!)
Why this matters:
Long streaks show trend persistence. A stock with 15+ days above sector is riding strong momentum. A stock with 15+ days below sector is in a sustained downtrend relative to peers.
9. PRICE VS 52-WEEK HIGH
Shows where current price sits relative to its 52-week high (or equivalent for your timeframe).
95%+ (green) : Stock is near all-time highs - strong positioning
80-94% (yellow) : Stock is in a pullback but still relatively strong
Below 80% : Stock has pulled back significantly from highs
Why this matters:
The strongest stocks stay near their highs. When you see a stock with high RS Score AND price near 52W high, you've found a stock with institutional support and strong buying pressure.
10. RELATIVE VOLUME
Compares current volume to the 20-period average volume.
1.5x+ (green) : High volume - significant interest and participation
Around 1.0x : Average volume - normal trading activity
Below 1.0x : Low volume - less interest or inactive period
Why volume matters:
High relative volume confirms price moves. When a stock makes a strong move on 2x or 3x normal volume, it's more likely to sustain. Low volume moves are often just noise.
11. AVERAGE RS STRENGTH
This calculates the average absolute value of all RS readings across the four timeframes.
It shows the magnitude of divergence from the sector, regardless of direction. A high number means the stock moves very differently from its sector (could be much stronger or much weaker). A low number means it tracks closely with the sector.
High Average RS: Stock has strong character, moves independently
Low Average RS: Stock follows sector closely, lacks individual strength
12. SECTOR ROTATION SIGNAL
This indicator automatically detects when a sector is experiencing bullish rotation - meaning money is flowing into the sector and it's outperforming the broader market.
Condition for bullish rotation:
Sector must be beating SPY (market) in both 1-month AND 3-month periods.
Why this matters:
Stocks in hot sectors tend to perform better because they have tailwinds from sector-wide buying. When sector rotation is bullish and your stock has a high RS Score, you've found an ideal setup.
The indicator adds +5 bonus points to the RS Score when sector rotation is bullish.
13. MOMENTUM DETECTION
The indicator compares 1-month RS to 3-month RS to detect if momentum is improving or declining.
RS Momentum Improving: 1M RS is better than 3M RS - stock is getting stronger (adds +5 to score)
RS Momentum Declining: 1M RS is worse than 3M RS - stock is getting weaker (subtracts -5 from score)
Why momentum matters:
You want to catch stocks as momentum is building, not after it's already peaked. Improving momentum suggests the strength is accelerating, not fading.
14. OVERALL ASSESSMENT & RECOMMENDATION
The indicator provides two quick summary rows:
Overall Rating:
Based on grade and RS Score, you get an instant quality rating:
Strong Leader (A/A+) - Top tier stock, crushing it
Above Average (A-/B+) - Solid performer, better than most
Average (B/B-) - Middle of the pack
Below Average (C/C+) - Struggling, watch carefully
Underperformer (D/F) - Weak stock, underperforming badly
Trading Signal:
Combines multiple factors to give setup quality:
STRONG BUY SETUP - RS Score 70+, Consistency 75+, AND sector rotation bullish. This is the perfect storm - strong stock, consistent strength, hot sector.
BULLISH - RS Score 60+, Consistency 50+. Good quality stock worth considering.
NEUTRAL - RS Score 50+. Okay but not exciting, better opportunities exist.
WEAK - RS Score 40-49. Below average, risky.
AVOID - RS Score below 40. Stay away, too weak.
IMPORTANT: These are educational signals only, not financial advice. Always do your own analysis and risk management.
KEY FEATURES
1. AUTOMATIC EVERYTHING
- Auto-detects asset type (stock, crypto, forex, commodity, index)
- Auto-maps stocks to correct sector ETF (11 sectors covered)
- Auto-maps stocks to correct industry ETF (30+ industries covered)
- Auto-identifies sector leader AND industry leader
- Auto-selects appropriate market benchmark
- Zero configuration required - just add to chart
2. MULTI-ASSET SUPPORT
Works on all asset classes:
US Stocks - Compares to sector ETFs (XLK, XLF, XLV, etc.)
Crypto - Compares to Total Crypto Market Cap
Forex - Compares to currency indices (DXY, EXY, etc.)
Commodities - Compares to Gold (GLD)
Indices - Compares to broader market benchmarks
3. FLEXIBLE DISPLAY
9 table positions (top/middle/bottom, left/center/right)
4 size options (tiny, small, normal, large)
Show/hide table completely
Real-time indicator toggle
4. TIMEFRAME FLEXIBILITY
Choose your analysis timeframe:
Chart Timeframe (default) - Uses whatever timeframe your chart is on
Fixed: 1 Hour, 4 Hours, Daily, Weekly - Forces calculations to specific timeframe
This means you can be on a 5-minute chart but analyze RS on Daily timeframe if you prefer.
5. RS SCORE FILTERING
Set a minimum RS Score threshold to only see strong stocks:
Set to 0 - Shows all stocks
Set to 70 - Only displays stocks with RS Score 70+ (strong stocks only)
Warning message displays if stock doesn't meet threshold
Perfect for screening - quickly scan multiple charts and the indicator only shows tables for stocks that pass your quality filter.
6. CUSTOM LEADER COMPARISON
Override automatic leader detection:
Compare to any ticker you choose
Benchmark against specific competitors
Use your own reference stocks
7. COMPREHENSIVE TOOLTIPS
Every input parameter and every table row has detailed tooltips explaining:
What the metric measures
How to interpret the values
What thresholds indicate strength/weakness
Why it matters for trading
Hover over any element to learn - it's like having a trading coach built in.
8. SMART ALERTS
Built-in alert system for key events:
Divergence Alerts:
Get notified when your stock diverges significantly from its sector.
Bullish Divergence: Stock beating sector by threshold percentage
Bearish Divergence: Stock losing to sector by threshold percentage
Set your threshold (default 5%) - this determines how big a divergence triggers the alert.
RS Score Alerts:
Get notified when RS Score crosses your threshold:
Crossed Above: RS Score went from below to above your threshold (bullish)
Crossed Below: RS Score dropped from above to below threshold (bearish)
Set your threshold (default 70) to focus on strong stocks.
Sector Rotation Alert:
Fires when sector shows bullish rotation (outperforming market).
HOW TO USE THE INDICATOR
FOR SWING TRADERS:
1. Add indicator to your watchlist stocks
2. Look for RS Score 70+ with Consistency 75%+
3. Check if sector rotation is bullish (bonus!)
4. Verify price is near 52W high (95%+)
5. Wait for entry setup on your chart
6. Use stop loss below key support
Example Setup:
Stock shows:
- RS Score: 82 (Grade: A-)
- Consistency: 100% (strong across all periods)
- Sector Rotation: Bullish
- Price vs 52W High: 96%
- Days Above Sector: 12 days
- Relative Volume: 1.8x
This is a textbook strong stock in a hot sector near highs - ideal for swing long.
FOR POSITION TRADERS:
1. Focus on 6-month and 1-year RS values
2. Look for sustained outperformance (Consistency 75%+)
3. Prefer lower Beta stocks (less volatility)
4. Check Days Above Sector for trend persistence
5. Monitor RS Score monthly, exit if drops below 60
FOR ACTIVE TRADERS:
1. Use on intraday timeframes (1H or 4H)
2. Set RS Score filter to 60+ for quick screening
3. Enable Divergence Alerts
4. Watch for momentum improving signal
5. Higher Beta stocks offer more movement
FOR SHORT SELLERS:
1. Look for RS Score below 40 (Grade: D or F)
2. Check for declining momentum
3. Verify Days Below Sector is increasing (10+)
4. Sector rotation should be bearish
5. Price should be well off 52W high
WHAT MAKES A PERFECT SETUP:
The holy grail combination:
RS Score: 75+ (A- or better)
Consistency: 80%+ (strong across time - beats sector AND industry)
Sector Rotation: Bullish (hot sector)
Industry vs Sector: Positive (hot industry within sector)
Days Above Sector: 10+ (sustained strength)
Momentum: Improving (getting stronger)
Price vs 52W High: 90%+ (near highs)
Relative Volume: 1.5x+ (volume confirmation)
When you find this combination, you've located a stock with every advantage in its favor - strong at the stock level, industry level, AND sector level. That's multi-level confirmation of relative strength.
IMPORTANT NOTES
Data Reliability:
All calculations use lookahead=off for anti-repaint protection
Historical values will never change
Real-time indicator toggle only affects the visual clock icon, not data reliability
All security requests are properly configured to prevent future data leakage
Sector Mapping Notes:
Sector detection uses TradingView's sector field
Some stocks may not have sector data - indicator will adapt
Sector ETFs used: XLK, XLF, XLV, XLE, XLY, XLP, XLI, XLB, XLRE, XLU, XLC
Major market ETFs (SPY, QQQ, DIA) are treated as market benchmarks, not stocks
Multi-Asset Notes:
Crypto compares to CRYPTOCAP:TOTAL (total crypto market cap)
Forex compares to relevant currency index based on base currency
Commodities compare to Gold (GLD) as primary commodity benchmark
Custom leaders can be set for any asset type
FREQUENTLY ASKED QUESTIONS
Q: What does RS Score of 75 actually mean?
A: It means your stock is strongly outperforming its sector across multiple timeframes. The score is weighted toward recent performance (1-month gets 40% weight), so 75 indicates sustained relative strength with emphasis on current momentum.
Q: My stock has high RS Score but is going down. Why?
A: RS Score measures relative performance (vs sector/market), not absolute price direction. A stock can fall 5% while its sector falls 10% - that's still positive relative strength. In bear markets or sector corrections, high RS stocks often fall less than peers.
Q: Should I only trade stocks with RS Score above 70?
A: For long positions, yes - focus on 70+ scores. These stocks have proven they can beat their sector. However, for pairs trading or relative value plays, you might also short stocks with scores below 40 while longing stocks above 70.
Q: What if my stock doesn't have a sector?
A: The indicator handles this gracefully. If no sector is detected, it will compare directly to the market (SPY for stocks). Some rows may show N/A, but the indicator will still provide useful market-relative data.
Q: Why does the sector sometimes show N/A?
A: This happens when: 1) Your asset has no sector classification, 2) The stock IS the sector ETF itself, 3) You're analyzing a non-stock asset (crypto, forex, commodity). The indicator adapts by focusing on market-relative metrics instead.
Q: Can I use this on cryptocurrencies?
A: Yes! The indicator automatically detects crypto and compares to the Total Crypto Market Cap (CRYPTOCAP:TOTAL). You can also set a custom leader like Bitcoin (BTCUSD) to compare against the dominant crypto.
Q: What's the difference between RS Score and Consistency?
A: RS Score is the weighted average of how much you're beating the sector (magnitude). Consistency is what percentage of time periods show outperformance (reliability). You want both high - that means strong AND consistent.
Q: Do the alerts repaint?
A: No. All alerts fire only on bar close (barstate.isconfirmed) and use properly configured data with lookahead=off. Once an alert fires, it's final and won't change.
Q: What timeframe should I use?
A: For swing trading: Daily or Weekly. For day trading: 1H or 4H. For position trading: Weekly. Use "Chart Timeframe" mode and switch your chart timeframe to change the analysis period easily.
Q: Why is Days Above Sector showing 0?
A: This means your stock is not currently outperforming its sector. If Days Below Sector is also 0, it means the RS is exactly neutral (very rare). Check the actual RS values to see current standing.
Q: Can I compare to a different market benchmark than SPY?
A: Currently the indicator uses SPY (S&P 500) as the default US stock market benchmark. For crypto it uses CRYPTOCAP:TOTAL, for forex it uses currency indices, etc. The benchmark auto-adjusts based on asset type.
Q: What's a good Beta value?
A: It depends on your strategy. Aggressive traders prefer Beta above 1.2 (more volatility = bigger moves). Conservative traders prefer Beta 0.8-1.0 (more stable). Beta is neutral - it's about matching your risk tolerance.
Q: How often does the table update?
A: With Real-time Indicator enabled: Every tick (constant updates). With it disabled: Only on bar close. Either way, the underlying data is identical and non-repainting - the toggle only affects update frequency and the clock icon display.
Q: My stock is showing "AVOID" but it's up 50% this year. Is the indicator wrong?
A: Not necessarily. The indicator measures RELATIVE performance. If your stock is up 50% but the sector is up 100%, your stock is actually underperforming by 50%. The indicator helps you identify when you should switch to stronger stocks in the same sector.
Q: What does "Strong Buy Setup" really mean?
A: It means three things aligned: 1) RS Score above 70 (strong stock), 2) Consistency above 75% (reliable strength), 3) Sector rotation is bullish (hot sector). This combination historically correlates with stocks that continue outperforming. However, this is NOT financial advice - always do your own analysis.
Q: Can I use this for options trading?
A: Yes! High RS Score stocks make good candidates for call options (bullish bets) while low RS Score stocks may work for puts (bearish bets). Higher Beta stocks will have more volatile options (higher premiums but more movement).
Q: Why is my crypto showing N/A for sector?
A: Cryptocurrencies don't have "sectors" like stocks do. Instead, the indicator compares crypto to the total crypto market cap. This is normal and expected behavior.
Q: What happens if I'm analyzing an ETF?
A: If you're analyzing a sector ETF (like XLK), it will compare to SPY (market). If you're analyzing SPY itself, some comparisons won't be available (can't compare SPY to itself). The indicator intelligently adapts to avoid circular comparisons.
Q: What if my stock doesn't have industry data?
A: Not all stocks are mapped to specific industries (only 30+ major industries are covered). If no industry is detected, the indicator will still work using only sector analysis. The RS Score calculation will use 100% sector weight instead of the 60%/40% split.
Q: Why does Industry vs Sector matter?
A: Industry vs Sector shows if your specific industry is hot or cold within its broader sector. For example, Semiconductors (SMH) might be outperforming Technology sector (XLK) even though both are up. This helps you find not just strong sectors, but the strongest industries within those sectors.
Q: Can I disable Industry analysis?
A: Yes! In the "Industry Analysis" settings group, you can toggle off "Show Industry Analysis in Table" to hide all industry rows. However, even when hidden, industry data still contributes to the RS Score calculation for stocks.
Q: Why is my Consistency Score lower for stocks than other assets?
A: For stocks with industry data, Consistency counts 8 periods (4 Sector + 4 Industry periods) instead of just 4. This means the bar is higher - your stock needs to beat both sector AND industry consistently. A stock that beats sector in all 4 periods but lags industry in 2 periods will show 75% consistency (6/8), not 100%.
BEST PRACTICES
Use as a screening tool - Set RS Score filter to 70+ and quickly scan your watchlist. Only strong stocks will show the table.
Combine with technical analysis - RS Score tells you WHAT to trade, your chart tells you WHEN to enter.
Check multiple timeframes - Switch between Daily and Weekly to see if strength holds across different time horizons.
Monitor sector rotation - When sector goes from bearish to bullish rotation, it's often a great time to enter stocks in that sector.
Watch Industry vs Sector - Stocks in hot industries within hot sectors have double tailwinds. Prioritize Industry vs Sector positive values.
Pay attention to consistency - High RS Score with low consistency might be a spike that fades. Look for 70%+ consistency across BOTH sector and industry.
Use the leader comparison - If your stock consistently beats both sector leader AND industry leader, you may have found the next champion.
Watch days above/below sector - Long streaks (15+ days) indicate strong trends. Look for these in conjunction with high RS Score.
Set alerts on key stocks - Enable RS Score alerts at 70 threshold to get notified when watchlist stocks become strong.
Consider Beta for position sizing - Size smaller positions in high Beta stocks, larger in low Beta stocks for balanced risk.
Exit when RS Score drops - If a stock's RS Score falls below 60, consider reducing or exiting - the strength may be fading.
Leverage industry-level insight - If Industry ETF is weak but stock is strong, that's standout strength. If Industry is hot but stock is lagging, consider switching to the industry leader instead.
SETTINGS EXPLAINED
Display Settings:
Show Performance Table - Master on/off switch for the table
Table Position - 9 positions available (corners, edges, center)
Table Size - 4 sizes (tiny, small, normal, large) for different screen sizes
Timeframe Settings:
Chart Timeframe (recommended) - Dynamic, uses whatever chart TF you're on
Fixed Timeframes - Locks analysis to 1H, 4H, Daily, or Weekly regardless of chart
Filtering Settings:
Minimum RS Score - Set threshold (0-100) for displaying table
Show Warning - When enabled, displays message if stock doesn't meet filter
Alert Settings:
Divergence Alerts - Enable alerts when stock diverges from sector
Threshold (%) - How big a divergence triggers alert (default 5%)
RS Score Alerts - Enable alerts when RS Score crosses threshold
Threshold - What RS Score level triggers alert (default 70)
Sector Analysis Settings:
Use Custom Sector ETF - Override automatic sector ETF detection
Sector ETF Symbol - Enter any sector ETF to compare against
Use Custom Sector Leader - Override automatic sector leader detection
Sector Leader Symbol - Enter any ticker as sector leader
Industry Analysis Settings:
Use Custom Industry ETF - Override automatic industry ETF detection
Industry ETF Symbol - Enter specific industry ETF (e.g., IGV, SMH)
Use Custom Industry Leader - Override automatic industry leader detection
Industry Leader Symbol - Enter specific industry leader
Show Industry Analysis - Toggle all industry rows on/off
Display Settings:
Show Real-time Indicator - Toggle clock icon in header (doesn't affect data)
WHAT THIS INDICATOR DOESN'T DO
To set proper expectations:
Does NOT provide entry/exit signals - this is a strength analyzer, not a trading system
Does NOT predict future price movement - shows current and historical relative strength
Does NOT guarantee profits - strong RS stocks can still decline
Does NOT replace your own analysis - use as one tool among many
Does NOT work on stocks with no sector data - will adapt but some rows show N/A
This indicator is a decision support tool . It helps you identify which stocks are showing relative strength so you can make more informed trading decisions. You still need your own entry strategy, risk management, and position sizing rules.
SUPPORT & CONTACT
Questions or feedback? Use the comments section below or send me a message.
If you find this indicator useful, please give it a boost and share with other traders who might benefit from relative strength analysis.
FINAL REMINDER
This indicator is a tool for analyzing relative strength - it shows you which stocks are outperforming their sector and market. It does NOT provide financial advice or trade signals. Always conduct your own research, manage your risk appropriately, and consult with a financial advisor before making investment decisions.
Past performance of relative strength does not guarantee future results. Strong stocks can become weak, and sectors rotate in and out of favor. Use this indicator as part of a comprehensive trading strategy, not as a standalone decision-making system.
Trade smart, manage risk, and may your RS Scores stay high!
If you got till here and you like my work a BOOST and a COMMENT would make me happy
HTF Candles Pro by MurshidFx# HTF Candles Pro by MurshidFx
## Professional Trading Indicator for Multi-Timeframe Market Structure Analysis
**HTF Candles Pro** is an advanced, open-source trading indicator that synthesizes Higher Timeframe (HTF) candle visualization with CISD (Change in State of Delivery) detection, providing comprehensive market structure analysis across multiple timeframes. Designed for traders at all experience levels—from scalpers to swing traders—this tool enables precise alignment of trades with higher timeframe momentum while identifying critical market structure transitions.
---
## Core Functionality
This indicator integrates three essential analytical frameworks:
- **HTF Candle Visualization** – Inspired by the innovative work of Fadi x MMT's MTF Candles indicator
- **CISD Detection System** – Algorithmic identification of significant market structure reversals
- **Intelligent Session Level Management** – Automated consolidation of overlapping session markers for enhanced chart clarity
The result is a sophisticated yet streamlined analytical tool that delivers actionable market insights with minimal visual complexity.
---
## Feature Set
### Higher Timeframe Candle Analysis
Monitor higher timeframe price action seamlessly without chart switching. The indicator employs automatic HTF selection based on current timeframe, with manual override capability.
**Components:**
- **Primary HTF Display**: Automatically positioned adjacent to current price action
- **Secondary HTF Display**: Optional dual-timeframe analysis capability
- **Adaptive Time Labeling**: Context-aware formatting (intraday times, day names, week numbers)
- **Real-Time Countdown**: Optional timer displaying remaining time until HTF candle close
- **Customizable Color Schemes**: Full color customization for bullish and bearish candles
### CISD Detection (Change in State of Delivery)
The CISD system identifies critical inflection points where market structure undergoes directional change, signaling potential trend reversals or continuations.
**Mechanism:**
- **Market Structure Monitoring**: Continuous tracking of swing highs and lows
- **Liquidity Sweep Detection**: Identification of stop-hunt patterns preceding reversals
- **Reversal Confirmation**: Validation-based CISD level plotting upon structure break confirmation
- **Clear Visual Signals**: Bullish CISD (blue) and bearish CISD (red) demarcation
- **Optimized Display**: Default 5-bar line length (adjustable) minimizes chart clutter
**Technical Definition:**
CISD occurs when price breaches structure in one direction—typically sweeping liquidity and triggering stops—then reverses to break structure in the opposite direction, indicating a fundamental shift in market delivery bias.
### Intelligent Session Level Management
Eliminates visual clutter caused by overlapping session opens at identical price levels through automated consolidation.
**Functionality:**
- **Automatic Consolidation**: Merges multiple concurrent session opens into single reference lines
- **Combined Labeling**: Creates unified labels (e.g., "Week-Day Open," "4H-Day-Week Open")
- **Enhanced Clarity**: Maintains professional chart aesthetics while preserving all relevant information
**Supported Session Intervals:**
- 30-Minute Opens
- 4-Hour Opens
- Daily Opens
- Weekly Opens
- Monthly Opens
### Advanced Market Structure Tools
**Liquidity Sweep Identification:**
Highlights price wicks extending beyond previous HTF extremes that close within range—characteristic liquidity grab patterns.
**HTF Midpoint Reference:**
Displays the 50% retracement level of the most recent completed HTF candle, serving as a key reference for entries and profit targets.
**HTF Opening Price:**
Tracks current HTF candle open price, frequently functioning as dynamic support or resistance.
**Interval Demarcation:**
Visual separators defining HTF period boundaries for enhanced temporal clarity.
### Information Dashboard
Compact, customizable dashboard displaying:
- Current symbol and active timeframe
- HTF candle countdown timer
- Active trading session (Asia/London/New York)
- Current date and time
Flexible positioning: configurable for any chart corner.
---
## Default Configuration
Optimized settings for immediate professional-grade chart presentation:
- **Secondary HTF**: Disabled (enable for multi-timeframe comparative analysis)
- **CISD Bullish Color**: Blue (#0080ff) – optimal visibility with reduced eye strain
- **CISD Line Width**: 1 pixel – subtle yet discernible
- **CISD Line Length**: 5 bars – balanced visibility without excessive clutter
- **Session Opens**: Smart consolidation enabled – eliminates overlapping labels
---
## Application Strategies
### Trend Following
1. Monitor CISD confirmations aligned with HTF trend direction
2. Utilize HTF candle color for directional bias confirmation
3. Execute entries on pullbacks to HTF midpoint or open price levels
### Reversal Trading
1. Identify counter-trend CISD formations
2. Await HTF candle close confirming new directional bias
3. Use session opens as secondary confirmation levels
### Scalping
1. Trade exclusively in HTF candle direction
2. Employ lower timeframe CISD signals for precise entry timing
3. Target HTF midpoint or subsequent session open levels
### Structure-Based Trading
1. Mark liquidity sweep levels as potential reversal zones
2. Monitor CISD formations at key session opens
3. Confirm trend changes via HTF candle closes
---
## Customization Parameters
Comprehensive customization options:
- **Color Schemes**: Independent control of bull/bear candles, borders, CISD signals, session levels
- **Dimensional Settings**: Candle width, line thickness, label sizing
- **Display Quantities**: HTF candle count (1-10 range)
- **Positioning**: Candle offset, dashboard placement, label positioning
- **Line Styles**: Solid, dashed, or dotted rendering
- **Timeframe Selection**: Manual secondary HTF specification
---
## Attribution
**HTF Candle Visualization:**
The HTF candle rendering methodology draws inspiration from Fadi x MMT's "MTF Candles" indicator. Their elegant implementation of multi-timeframe candle visualization provided valuable reference for this development. Recognition and appreciation to their contribution to the TradingView community.
**CISD Detection:**
Proprietary CISD detection algorithm engineered to identify market structure transitions with high signal clarity and reduced false positive rate.
**Session Level Consolidation:**
Custom-developed intelligent grouping system addressing the common challenge of overlapping session labels at coincident price levels.
---
## Open Source License
This indicator is released as open source for the TradingView community. Permitted uses include:
- Implementation in live trading
- Educational study for Pine Script learning
- Personal modification and customization
- Distribution among trading communities
Community contributions, improvements, and derivative works are welcomed and encouraged.
---
## Implementation Guide
1. **Installation**: Click "Add to Chart"
2. **Configuration Access**: Open indicator settings panel
3. **Initial Use**: Default settings provide optimal starting configuration
4. **Optional Features**: Enable secondary HTF for multi-timeframe analysis
5. **Theme Integration**: Adjust color schemes to match chart aesthetics
---
## Best Practices
**Timeframe Optimization:**
- 1-5 minute charts: Optimal with 15m or 1H HTF
- 15-30 minute charts: Effective with 4H HTF
- 1-4 hour charts: Suitable for Daily HTF
- Daily charts: Best utilized with Weekly/Monthly HTF
**CISD Trading Guidelines:**
- Require CISD confirmation before position entry
- Prioritize CISD signals at significant levels (session opens, HTF midpoints)
- Confirm CISD direction aligns with HTF candle bias
- Apply contextual filtering—not all CISD signals warrant trades
**Session Open Strategy:**
- Weekly opens typically provide robust support/resistance
- Daily opens offer reliable intraday reference points
- 4-Hour opens effective for short-term scalping
- Consolidated labels (e.g., "Week-Day Open") indicate confluence zones with elevated significance
---
## Technical Specifications
**Performance Optimization:**
- Intelligent object management prevents TradingView rendering limits
- Efficient array processing for session consolidation
- Proper memory management through systematic object deletion
- Consistent performance across all timeframe ranges
**Compatibility:**
- Universal timeframe support
- Optimized for all market types (forex, stocks, crypto, futures)
- Minimal computational overhead
---
## Support & Development
**Feedback Channels:**
- Comment section for user feedback and suggestions
- Bug reports and feature requests welcomed
- Community-driven enhancement consideration
**Documentation:**
- Well-commented source code for learning purposes
- Clear section organization for easy navigation
- Comprehensive type definitions for structural clarity
- Educational value for market structure concept understanding
---
## Version Information
**Version:** 1.0 (Initial Release)
**License:** Open Source
**Category:** Multi-Timeframe Analysis | Market Structure
**Compatibility:** All Timeframes
**Language:** Pine Script v5
---
**For optimal results:**
- Provide feedback through comments
- Share with trading communities
- Submit enhancement suggestions
- Report technical issues for resolution
**Professional Support:**
Available through comment section for technical inquiries, implementation questions, and feature requests.
---
*Developed for the TradingView trading community | Professional-grade market structure analysis | Open source contribution*
indicator CalibrationIndicator Calibration - Multi-Indicator Consensus System
Overview
Indicator Calibration is a powerful consensus-based trading indicator that leverages the MyIndicatorLibrary (NormalizedIndicators) to combine multiple trend-following indicators into a single, actionable signal. By averaging the normalized outputs of up to 8 different trend indicators, this tool provides traders with a clear consensus view of market direction, reducing noise and false signals inherent in single-indicator approaches.
The indicator outputs a value between -1 (strong bearish) and +1 (strong bullish), with 0 representing a neutral market state. This creates an intuitive, easy-to-read oscillator that synthesizes multiple analytical perspectives into one coherent signal.
🎯 Core Concept
Consensus Trading Philosophy
Rather than relying on a single indicator that may give conflicting or premature signals, Indicator Calibration employs a democratic voting system where multiple indicators contribute their normalized opinion:
Each enabled indicator votes: +1 (bullish), -1 (bearish), or 0 (neutral)
The votes are averaged to create a consensus signal
Strong consensus (closer to ±1) indicates high agreement among indicators
Weak consensus (closer to 0) indicates market indecision or transition
Key Benefits
Reduced False Signals: Multiple indicators must agree before strong signals appear
Noise Filtering: Individual indicator quirks are smoothed out by averaging
Customizable: Enable/disable indicators and adjust parameters to suit your trading style
Universal Application: Works across all timeframes and asset classes
Clear Visualization: Simple line oscillator with clear bull/bear zones
📊 Included Indicators
The system can utilize up to 8 normalized trend-following indicators from the library:
1. BBPct - Bollinger Bands Percent
Parameters: Length (default: 20), Factor (default: 2)
Type: Stationary oscillator
Strength: Mean reversion and volatility detection
2. NorosTrendRibbonEMA
Parameters: Length (default: 20)
Type: Non-stationary trend follower
Strength: Breakout detection with momentum confirmation
3. RSI - Relative Strength Index
Parameters: Length (default: 9), SMA Length (default: 4)
Type: Stationary momentum oscillator
Strength: Overbought/oversold with smoothing
4. Vidya - Variable Index Dynamic Average
Parameters: Length (default: 30), History Length (default: 9)
Type: Adaptive moving average
Strength: Volatility-adjusted trend following
5. HullSuite
Parameters: Length (default: 55), Multiplier (default: 1)
Type: Fast-response moving average
Strength: Low-lag trend identification
6. TrendContinuation
Parameters: MA Length 1 (default: 50), MA Length 2 (default: 25)
Type: Dual HMA system
Strength: Trend quality assessment with neutral states
7. LeonidasTrendFollowingSystem
Parameters: Short Length (default: 21), Key Length (default: 10)
Type: Dual EMA crossover
Strength: Simple, reliable trend tracking
8. TRAMA - Trend Regularity Adaptive Moving Average
Parameters: Length (default: 50)
Type: Adaptive trend follower
Strength: Adjusts to trend stability
⚙️ Input Parameters
Source Settings
Source: Choose your price input (default: close)
Can be modified to: open, high, low, close, hl2, hlc3, ohlc4, hlcc4
Indicator Selection
Each indicator can be enabled or disabled via checkboxes:
use_bbpct: Enable/disable Bollinger Bands Percent
use_noros: Enable/disable Noro's Trend Ribbon
use_rsi: Enable/disable RSI
use_vidya: Enable/disable VIDYA
use_hull: Enable/disable Hull Suite
use_trendcon: Enable/disable Trend Continuation
use_leonidas: Enable/disable Leonidas System
use_trama: Enable/disable TRAMA
Parameter Customization
Each indicator has its own parameter group where you can fine-tune:
val 1: Primary period/length parameter
val 2: Secondary parameter (multiplier, smoothing, etc.)
📈 Signal Interpretation
Output Line (Orange)
The main output oscillates between -1 and +1:
+1.0 to +0.5: Strong bullish consensus (all or most indicators agree on uptrend)
+0.5 to +0.2: Moderate bullish bias (bullish indicators outnumber bearish)
+0.2 to -0.2: Neutral zone (mixed signals or transition phase)
-0.2 to -0.5: Moderate bearish bias (bearish indicators outnumber bullish)
-0.5 to -1.0: Strong bearish consensus (all or most indicators agree on downtrend)
Reference Lines
Green line (+1): Maximum bullish consensus
Red line (-1): Maximum bearish consensus
Gray line (0): Neutral midpoint
💡 Trading Strategies
Strategy 1: Consensus Threshold Trading
Entry Rules:
- Long: Output crosses above +0.5 (strong bullish consensus)
- Short: Output crosses below -0.5 (strong bearish consensus)
Exit Rules:
- Exit Long: Output crosses below 0 (consensus lost)
- Exit Short: Output crosses above 0 (consensus lost)
Strategy 2: Zero-Line Crossover
Entry Rules:
- Long: Output crosses above 0 (bullish shift in consensus)
- Short: Output crosses below 0 (bearish shift in consensus)
Exit Rules:
- Exit on opposite crossover
Strategy 3: Divergence Trading
Look for divergences between:
- Price making higher highs while indicator makes lower highs (bearish divergence)
- Price making lower lows while indicator makes higher lows (bullish divergence)
Strategy 4: Extreme Reading Reversal
Entry Rules:
- Long: Output reaches -0.8 or below (extreme bearish consensus = potential reversal)
- Short: Output reaches +0.8 or above (extreme bullish consensus = potential reversal)
Use with caution - best combined with other reversal signals
🔧 Optimization Tips
For Trending Markets
Enable trend-following indicators: Noro's, VIDYA, Hull Suite, Leonidas
Use higher threshold levels (±0.6) to filter out minor retracements
Increase indicator periods for smoother signals
For Range-Bound Markets
Enable oscillators: BBPct, RSI
Use zero-line crossovers for entries
Decrease indicator periods for faster response
For Volatile Markets
Enable adaptive indicators: VIDYA, TRAMA
Use wider threshold levels to avoid whipsaws
Consider disabling fast indicators that may overreact
Custom Calibration Process
Start with all indicators enabled using default parameters
Backtest on your chosen timeframe and asset
Identify which indicators produce the most false signals
Disable or adjust parameters for problematic indicators
Test different threshold levels for entry/exit
Validate on out-of-sample data
📊 Visual Guide
Color Scheme
Orange Line: Main consensus output
Green Horizontal: Bullish extreme (+1)
Red Horizontal: Bearish extreme (-1)
Gray Horizontal: Neutral zone (0)
Reading the Chart
Line above 0: Net bullish sentiment
Line below 0: Net bearish sentiment
Line near extremes: Strong consensus
Line fluctuating near 0: Indecision or transition
Smooth line movement: Stable consensus
Erratic line movement: Conflicting signals
⚠️ Important Considerations
Lag Characteristics
This is a lagging indicator by design (consensus takes time to form)
Best used for trend confirmation rather than early entry
May miss the first portion of strong moves
Reduces false entries at the cost of delayed entries
Number of Active Indicators
More indicators = smoother but slower signals
Fewer indicators = faster but potentially noisier signals
Minimum recommended: 4 indicators for reliable consensus
Optimal: 6-8 indicators for balanced performance
Market Conditions
Best: Strong trending markets (up or down)
Good: Volatile markets with clear directional moves
Poor: Choppy, sideways markets with no clear trend
Worst: Low-volume, range-bound conditions
Complementary Tools
Consider combining with:
Volume analysis for confirmation
Support/resistance levels for entry/exit points
Market structure analysis (higher timeframe trends)
Risk management tools (ATR-based stops)
🎓 Example Use Cases
Swing Trading
Timeframe: Daily or 4H
Enable: All 8 indicators with default parameters
Entry: Consensus > +0.5 or < -0.5
Hold: Until consensus reverses to opposite extreme
Day Trading
Timeframe: 15m or 1H
Enable: Faster indicators (RSI, BBPct, Noro's, Hull Suite)
Entry: Zero-line crossover with volume confirmation
Exit: Opposite crossover or profit target
Position Trading
Timeframe: Weekly or Daily
Enable: Slower indicators (TRAMA, VIDYA, Trend Continuation)
Entry: Strong consensus (±0.7) with higher timeframe confirmation
Hold: Months until consensus weakens significantly
🔬 Technical Details
Calculation Method
1. Each enabled indicator calculates its normalized signal (-1, 0, or +1)
2. All active signals are stored in an array
3. Array.avg() computes the arithmetic mean
4. Result is plotted as a continuous line
Output Range
Theoretical: -1.0 to +1.0
Practical: Typically ranges between -0.8 to +0.8
Rare: All indicators perfectly aligned at ±1.0
Performance
Lightweight calculation (simple averaging)
No repainting (all indicators are non-repainting)
Compatible with all Pine Script features
Works on all TradingView plans
📋 License
This code is subject to the Mozilla Public License 2.0 at mozilla.org
🚀 Quick Start Guide
Add to Chart: Apply indicator to your chart
Choose Timeframe: Select appropriate timeframe for your trading style
Enable Indicators: Start with all 8 enabled
Observe Behavior: Watch how consensus forms during different market conditions
Calibrate: Adjust parameters and indicator selection based on observations
Backtest: Validate your settings on historical data
Trade: Apply with proper risk management
🎯 Key Takeaways
✅ Consensus beats individual indicators - Multiple perspectives reduce errors
✅ Customizable to your style - Enable/disable and tune to preference
✅ Simple interpretation - One line tells the story
✅ Works across markets - Stocks, crypto, forex, commodities
✅ Reduces emotional trading - Clear, objective signal generation
✅ Professional-grade - Built on proven technical analysis principles
Indicator Calibration transforms complex multi-indicator analysis into a single, actionable signal. By harnessing the collective wisdom of multiple proven trend-following systems, traders gain a powerful edge in identifying high-probability trade setups while filtering out market noise.
Structure Pilot - Z&Z [Wang Indicators]Structure Pilot Zone & Zil is a complete suite of structure driven features that's build around pattern that can be visible around any timeframe.
Built in collaboration with Dave Teaches,
All these tools were shaped and combined together as the only toolkit Structure & DTFX traders want to have !
▫️ Structures & Zones ▫️
Zones are drawn when a break of structure (new high or low being created) or a market reversal happens.
It will highlight the last valid down move before a new high for bullish zones and the last valid up move before a new low for bearish zones.
These zones are used to analyze the market trend and to make entries into the market trend once the price retraces into these zones.
For example, with the latest bullish zones drawn in green for LTF zones and in blue for HTF zones, when the price retraces into this zone, there is a strong probability that the price will turn around to provide a buying opportunity all the way to the top of the zone or even higher.
These buying opportunities generally occur at specific retracement levels in the 30%, 50% and 70% zones, automatically represented by broken lines in the zones when they are created.
Example with bullish zones :
The aim with these zones is to find places on the chart where it's best to buy or sell, in order to take the biggest possible move while minimizing your risk.
Indeed, if the price is rising and a bullish zone has been created, I don't want to buy on the highs, preferring to wait for a retracement in my bullish zone to buy lower and reduce my risk, as the invalidation of the current trend will be found below the last protected low under the bullish zone drawn in blue for the HTF and in green for the LTF. Conversely, if the price is falling and a bearish zone has been created, I don't want to sell at the bottom. I'd rather wait for a retracement in the bearish zone to sell higher and reduce my risk, as the invalidation of the current trend will this time be above the last protected high above the bearish zone drawn in orange for the HTF and red for the LTF.
Example with bearish zones :
When it comes to market structure, it's good to know that zones recur within the same trend at a frequency of between 3 and 6 before there's a trend reversal.
So, after a certain number of successive zones, you can expect a reversal or the last protected high or low to be breached. The indicator automatically counts the number of successive zones, so you can keep track of the market and avoid surprises.
The zones are generated through the structure length. It can be increased to display larger (and more important) zones.
As we recommend keeping the default value (20) for new traders, experienced traders will find some success with other settings depending on their strategies.
Structure Pilot also provides auto HTF Zones, which is particularly useful to have a macro vision of the market.
Settings:
Swing types: Bullish only, Bearish only, both, or none
Structure length
Swing count: useful when it comes to tracking Trend strenght in any given time frame
Show Zones: Display boxes with 30%, 50%, and 70% fibs
Show HTF Zones: Display HTF zones with the same retracement configuration as the regular zones
Show 30%, 50% and 70%: Enable/disable these options to show or hide the corresponding fibs.
Box visibility, Line width & Line style: Style configuration for the zone
All settings can be activated or deactivated in the indicator parameters to suit individual needs and preferences.
30% Level : This is often considered a shallow retracement. If prices pull back to this level after an uptrend and flip in a lower timeframe, traders might view it as a strong sign of continued bullish momentum. Conversely, after a downtrend, this level could act as a temporary resistance where sellers might re-enter after a flip in a lower timeframe.
50% Level : This level is seen as a balance point or midpoint in the price move. A retracement to 50% can indicate a strong trend change or continuation.
70% Level : A retracement this deep can signal that the market might be losing steam or that the previous trend could be weakening. If the price bounces off this level, it might suggest that the trend is still in control but needed a more significant correction before moving further in its original direction.
We as structure traders prefer to take entry out of The 50% or when price retrace past it
there will be something at the level i'm looking for price to reverse from either some specific candles or imbalances.
Advanced traders might combine these levels with other tools or chart patterns that we bundle in this indicator.
▫️ ZIL ▫️
The ZIL Indicator is designed to automate the process of identifying key structural levels in the market and applying Fibonacci retracements when a significant price break occurs.
The indicator detects when a market structure (high or low) is broken and a candle closes below the previous low or above the previous high, indicating a potential trend shift or continuation.
• Tracks the break of structural lows or highs and waits for a confirmation candle that closes above or bellow the candle that set the new low.
Automated Fibonacci Retracement:
• Once the structure break is confirmed, the indicator automatically plots a Fibonacci retracement between:
• The high of the last bullish move (before the new low is set) or the low of the last bearish move (before the new high is set)
• The newly formed low after the structure break or the newly formed high after the structure break
Fibonacci levels plotted with colors :
• -0.27 : Dark red - Stop loss
• 0 : white - The new high/low - Potential entry
• 0.3, Orange 0.5, Light green 0.7: Green : Levels - Partial and take profit zones
• 1.15 pale blue - for your runner
We may long the retracement when the price is comming from a bearish zone using the ZIL to manage
Example :
Multi-Timeframe Support:
• Using the option "HTF ZIL" will display ZIL on higher timeframe (corresponding to the HTF Zones) on your charts to help traders find structural breaks and Fibonacci setups in both short-term and long-term markets.
HTF ZIL is really usefull to manage trades if the regular ZIL target get ran through
Wang use case :
HTF zill level are used when the small zill get ran through
▫️ Opening Range Tracker ▫️
The Opening Range Tracker is designed to help traders identify and track the opening range of a specified time period, specifically starting with the 144-minute candle between 8:24 AM and 10:48 AM. (default value) The indicator highlights this range and automatically plots key levels (30%, 50%, 70%) to provide potential strong reaction areas for trading. The time period for the opening range is fully customizable, allowing users to adjust it according to their strategy.
Opening range should be seen and used as a classic zone. If we trade above or below it price tend to come back into it and bounce of of the One or multiple level...
classic 30/50/70.
• Customizable Opening Range: Adapt the indicator to any market or session by changing the opening range time window.
• Precise Levels for Trading: The 30%, 50%, and 70% levels provide key zones where price may react, helping traders define entries, exits, or stop loss placements.
• Visual Clarity: The range box and levels make it easy to see the important price areas during the opening range and the rest of the trading session. If we range a lot in the opening range, we may range for the rest of the day. We should keep that in mind to avoid taking wrong decisions.
its basically a large zone that's we have seen often time price rejects from the level in it
Daily Reset: Each trading day resets the opening range, giving traders fresh data and new opportunities to capitalize on market movements.
Structure Pilot is built for beginner and experienced. It provides the tools to the traders that want to learn, understand, and trade efficiently within the principles of structure trading.
▫️ Alerts▫️
Alerts can be configured to these events :
New Swing / HTF Swing
Trend Change
Zil attached to a zone/HTF zone
Price cross 30/50/70 zones levels
Trend change and align the HTF/LTF trend
On cross partial (50%) and take profit (70%) ZIL and HTF ZIL
On cross Zil can now be configured for Bull or Bear zone
On HTF ZIL when 30% is crossed
CandelaCharts - Trend Oscillator 📝 Overview
Trend Oscillator is a simple yet effective trend identification tool that uses the relationship between two exponential moving averages (EMAs) to determine market direction. It calculates the spread between a fast and slow EMA, applies a bias multiplier, and smooths the result to produce a clean oscillator that oscillates above and below a zero line. When the oscillator is above zero, the trend is considered bullish (upward); when below zero, it's bearish (downward). The indicator provides clear visual feedback through color-coded plots and optional price bar coloring, making it easy to identify trend direction at a glance.
📦 Features
This section highlights the core capabilities you'll rely on most.
Dual EMA system — Uses a fast EMA (default 9) and slow EMA (default 21) to capture trend momentum and direction.
Bias multiplier — Applies a small multiplier (default 1.001) to the EMA spread, providing a slight bias that helps filter noise and confirm trend strength.
Smoothed output — Applies an additional EMA smoothing (default 5 periods) to the raw spread, creating a cleaner, less choppy oscillator line.
Zero-line reference — Plots a horizontal zero line that serves as the critical threshold between bullish and bearish conditions.
Color-coded visualization — Automatically colors the oscillator line green/lime when bullish (above zero) and red when bearish (below zero).
Price bar coloring — Optional feature to color price bars based on the current trend direction, providing immediate visual context on the main chart.
Customizable parameters — Adjust EMA lengths, bias multiplier, smoothing period, and colors to match your trading style and timeframe.
⚙️ Settings
Use these controls to fine-tune the oscillator's sensitivity, appearance, and behavior.
Fast EMA Length — Period for the fast exponential moving average (default: 9). Lower values make the indicator more responsive to price changes.
Slow EMA Length — Period for the slow exponential moving average (default: 21). Higher values create a smoother baseline for trend identification.
Bias Multiplier — Multiplier applied to the EMA spread (default: 1.001). Small adjustments can help filter minor whipsaws and confirm trend strength.
Smoothing Length — Period for smoothing the raw spread calculation (default: 5). Higher values create a smoother oscillator line but may lag price action.
Colors — Set the bullish (default: lime) and bearish (default: red) colors for the oscillator line.
Color Price Bars — Toggle to enable/disable coloring of price bars based on the current trend direction.
⚡️ Showcase
Oscillator Line
Bar Coloring
Divergences
📒 Usage
Follow these steps to effectively use Trend Oscillator for trend identification and trading decisions.
1) Select your timeframe — The indicator works across all timeframes, but higher timeframes (daily, weekly, monthly) typically provide more reliable trend signals with less noise. Lower timeframes (1m, 5m, 15m) may produce more frequent but potentially less reliable signals. Consider your trading style: swing traders benefit from daily/weekly charts, while day traders can use 15m/1h timeframes. Always align the indicator's sensitivity with your timeframe choice.
2) Adjust EMA lengths — The default 9/21 combination works well for most cases. For faster signals, try 5/13; for slower, more conservative signals, try 12/26 or 20/50. Match the lengths to your trading style and timeframe.
3) Interpret the zero line — When the oscillator is above zero (green/lime), the trend is bullish. When below zero (red), the trend is bearish. The further from zero, the stronger the trend.
4) Watch for crossovers — Trend changes occur when the oscillator crosses the zero line. A cross from below to above indicates a shift to bullish; from above to below indicates a shift to bearish.
5) Identify divergences — Divergences can signal potential trend reversals. Bullish divergence : price makes lower lows while the oscillator makes higher lows (suggests weakening bearish momentum). Bearish divergence : price makes higher highs while the oscillator makes lower highs (suggests weakening bullish momentum). Divergences are most reliable when they occur near extreme levels and should be confirmed with price action before taking trades.
6) Use smoothing wisely — The smoothing parameter helps reduce noise but adds lag. Lower smoothing (3-5) is more responsive; higher smoothing (7-10) is more stable but slower to react.
7) Combine with price action — Use the oscillator to confirm trend direction, then look for entry opportunities when price pulls back in the direction of the trend. The optional price bar coloring helps visualize trend alignment on the main chart.
8) Filter with bias multiplier — The bias multiplier can help reduce false signals. Experiment with values between 1.000 and 1.005 to find the sweet spot for your instrument and timeframe.
🚨 Alerts
There are no built-in alerts in this version.
⚠️ Disclaimer
Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
