Dr.Avinash Talele quarterly earnings, VCP and multibagger trakerDr. Avinash Talele Quarterly Earnings, VCP and Multibagger Tracker.
📊 Comprehensive Quarterly Analysis Tool for Multibagger Stock Discovery
This advanced Pine Script indicator provides a complete financial snapshot directly on your chart, designed to help traders and investors identify potential multibagger stocks and VCP (Volatility Contraction Pattern) setups with precision.
🎯 Key Features:
📈 8-Quarter Financial Data Display:
EPS (Earnings Per Share) - Track profitability trends
Sales Revenue - Monitor business growth
QoQ% (Quarter-over-Quarter Growth) - Spot acceleration/deceleration
ROE (Return on Equity) - Assess management efficiency
OPM (Operating Profit Margin) - Evaluate operational excellence
💰 Market Metrics:
Market Cap - Current company valuation
P/E Ratio - Valuation assessment
Free Float - Liquidity indicator
📊 Technical Positioning:
% Down from 52-Week High - Identify potential bottoming patterns
% Up from 52-Week Low - Track momentum from lows
Turnover Data (1D & 50D Average) - Volume analysis
ADR% (Average Daily Range) - Volatility measurement
Relative Volume% - Institutional interest indicator
🚀 How It Helps Find Multibaggers:
1. Growth Acceleration Detection:
Consistent EPS Growth: Identifies companies with accelerating earnings
Revenue Momentum: Tracks sales growth patterns quarter-over-quarter
Margin Expansion: Spots improving operational efficiency through OPM trends
2. VCP Pattern Recognition:
Volatility Contraction: ADR% helps identify tightening price ranges
Volume Analysis: Relative volume shows institutional accumulation
Distance from Highs: Tracks healthy pullbacks in uptrends
3. Fundamental Strength Validation:
ROE Trends: Ensures management is efficiently using shareholder capital
Debt-Free Growth: High ROE with growing margins indicates quality growth
Scalability: Revenue growth vs. margin expansion analysis
4. Entry Timing Optimization:
52-Week Positioning: Enter near lows, avoid near highs
Volume Confirmation: High relative volume confirms breakout potential
Valuation Check: P/E ratio helps avoid overvalued entries
💡 Multibagger Characteristics to Look For:
✅ Consistent 15-20%+ EPS growth across multiple quarters
✅ Accelerating revenue growth with QoQ% improvements
✅ ROE above 15% and expanding
✅ Operating margins improving over time
✅ Low debt (indicated by high ROE with growing profits)
✅ Strong cash generation (reflected in consistent growth metrics)
✅ 20-40% down from 52-week highs (ideal entry zones)
✅ Above-average volume during consolidation phases
🎨 Visual Design:
Clean white table with black borders for maximum readability
Color-coded QoQ% changes (Green = Growth, Red = Decline)
Centered positioning for easy chart analysis
8-quarter historical view for trend identification
📋 Perfect For:
Long-term investors seeking multibagger opportunities
Growth stock enthusiasts tracking earnings acceleration
VCP pattern traders looking for breakout candidates
Fundamental analysts requiring quick financial snapshots
Swing traders timing entries in growth stocks
⚡ Quick Setup:
Simply add the indicator to any NSE/BSE stock chart and instantly view comprehensive quarterly data. The table updates automatically with the latest financial information, making it perfect for screening and monitoring your watchlist.
🔍 Start identifying your next multibagger today with this powerful combination of fundamental analysis and technical positioning data!
Disclaimer: This indicator is for educational and analysis purposes. Always conduct thorough research and consider risk management before making investment decisions.
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TrueTrend MaxRThe TrueTrend MaxR indicator is designed to identify the most consistent exponential price trend over extended periods. It uses statistical analysis on log-transformed prices to find the trendline that best fits historical price action, and highlights the most frequently tested or traded level within that trend channel.
For optimal results, especially on high timeframes such as weekly or monthly, it is recommended to use this indicator on charts set to logarithmic scale. This ensures proper visual alignment with the exponential nature of long-term price movements.
How it works
The indicator tests 50 different lookback periods, ranging from 300 to 1280 bars. For each period, it:
- Applies a linear regression on the natural logarithm of the price
- Computes the slope and intercept of the trendline
- Calculates the unbiased standard deviation from the regression line
- Measures the correlation strength using Pearson's R coefficient
The period with the highest Pearson R value is selected, meaning the trendline drawn corresponds to the log-scale trend with the best statistical fit.
Trendline and deviation bands
Once the optimal period is identified, the indicator plots:
- A main log-scale trendline
- Upper and lower bands, based on a user-defined multiple of the standard deviation
These bands help visualize how far price deviates from its core trend, and define the range of typical fluctuations.
Point of Control (POC)
Inside the trend channel, the space between upper and lower bands is divided into 15 logarithmic levels. The script evaluates how often price has interacted with each level, using one of two selectable methods:
- Touches: Counts the number of candles crossing each level
- Volume: Weighs each touch by the traded volume at that candle
The level with the highest cumulative interaction is considered the dynamic Point of Control (POC), and is plotted as a line.
Annualized performance and confidence display
When used on daily or weekly timeframes, the script also calculates the annualized return (CAGR) based on the detected trend, and displays:
- A performance estimate in percentage terms
- A textual label describing the confidence level based on the Pearson R value
Why this indicator is useful
- Automatically detects the most statistically consistent exponential trendline
- Designed for log-scale analysis, suited to long-term investment charts
- Highlights key price levels frequently visited or traded within the trend
- Provides objective, data-based trend and volatility insights
- Displays annualized growth rate and correlation strength for quick evaluation
Notes
- All calculations are performed only on the last bar
- No future data is used, and the script does not repaint
- Works on any instrument or timeframe, with optimal use on higher timeframes and logarithmic scaling
Precision Entry Signals (RSI + MA12 Logic)Description:
This script provides precise entry signals based on a clean confluence of MA12 breakouts and RSI momentum, filtered by a VWMA (Volume-Weighted Moving Average) of the RSI.
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🔹 Long entry conditions:
- Candle opens below the 12-period MA and closes above it
- RSI crosses above its VWMA
- Previous candle is bearish (additional confirmation)
🔹 Short entry conditions:
- Candle opens above the 12-period MA and closes below it
- RSI crosses below its VWMA
- Previous candle is bullish
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Once a signal is confirmed, the script automatically draws:
Entry line (at close price)
Stop Loss line (just below recent lows for long, or above highs for short)
Take Profit 1 (1R)
Take Profit 2 (2R)
Labels are attached to the lines for clarity: ENTRY, SL, TP1, and TP2.
⚠️ Note: This tool only provides entry signals and visual risk/reward guidance. It does not manage exits dynamically. Manual trade management is recommended.
This script is intended for active intraday traders, especially on lower timeframes like 3-minute, 5-minute or 15-minute charts.
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🔧 Recommended companion indicator:
For better confirmation and visual tracking of the RSI/VWMA cross logic, it is strongly recommended to also use the companion script:
🔹 Relative Strength Index (with MA based cross signals)
→ Shows RSI and its moving average visually, with triangle plots on every valid cross.
→ Matches exactly the RSI/VWMA behavior used in this entry signal script.
📌 Important:
After adding the RSI script to your chart, make sure to set:
RSI Length = 14
MA Type = VWMA
MA Length = 20
This ensures it visually matches the logic used by the entry signal script.
Both indicators are fully open source and meant to be used together — especially when trading manually.
MTF Candle Direction Forecast + Breakdown🧭 MTF Candle Direction Forecast + Breakdown 🔥📈🔼
This script is a multi-timeframe (MTF) price action dashboard that helps traders assess real-time directional bias across five customizable timeframes — with a focus on candle behavior, trend alignment, and confidence strength.
📌 What It Does
For each timeframe, this dashboard summarizes:
Current direction → Bullish, Bearish, or Neutral
Confidence score (0–100) → How strongly price is likely to continue in that direction
Candle strength → 🔥 icon appears if the current candle has a large body relative to its range
Trend alignment:
📈 = EMA9 is above EMA20
🔼 = Price is above VWAP
Color-coded background to visually reinforce directional state
Each row gives you a visual “at-a-glance” readout of what price is doing right now — not in the past.
💡 Why It’s Useful
✅ Direction forecasting based on price action
Instead of lagging indicators, this script prioritizes:
Candle body-to-range ratio (momentum)
Real-time VWAP/EMA structure
Immediate price positioning
✅ Confidence is quantified
The score (0–100) helps you judge how reliable each directional signal is:
90+ → Strong conviction
50–70 → Mixed but potentially valid
<40 → Weak move or early signal
✅ Timeframe confluence at a glance
See whether multiple timeframes are aligning directionally — helpful for scalping, day trading, or waiting for multi-timeframe breakout setups.
✅ Visual & intuitive
Icons, colors, and layout make it easy to scan your dashboard instead of deciphering charts or code.
🛠️ Adjustable Settings
Setting Description
Timeframe 1–5 Choose any timeframes to monitor (e.g., 5m, 15m, 1h, 4h)
Candle Display Mode Show trend color via emoji (🟢/🔴) or background shading
Strong Candle Threshold Adjust the body-to-range % needed to trigger 🔥 strength
Bullish/Bearish Background Customize label color coding
Neutral Background (opacity) Set transparency or styling for flat/consolidating zones
Table Location Place the dashboard anywhere on the chart
🎯 Use Cases
Scalpers: Confirm trend across 1m/5m/15m before entering
Day Traders: Use confidence score to avoid low-momentum setups
Swing Traders: Monitor higher timeframes for trend shifts while tracking intraday noise
VWAP/EMA traders: Quickly see when price is reclaiming or losing critical trend levels
🧠 What Makes It Unique?
Unlike generic trend meters or mashups of standard indicators, this script:
Uses live candle dynamics (not just closes or lagging values)
Computes directional bias and confidence together
Visualizes strength and structure in a compact, readable interface
Let’s you filter by price action, not just indicator alignment
💥 Why Traders Love Will Love It
✅ Instant clarity on which timeframes agree
✅ No more guessing candle strength or trend health
✅ Confidence score keeps you out of weak trades
✅ Works with any strategy — trend following, VWAP reclaim, EMA scalps, even breakouts
✅ Keeps your chart clean — all the context, none of the clutter
⚠️ Transparency🧬 Under the Hood
Powered by live candle body analysis, trend structure (EMA9 vs EMA20), and VWAP placement.
All scores are generated in real-time — No repainting or lookahead bias: all values are computed with lookahead=barmerge.lookahead_on
Confidence scores reflect the current candle only — they do not predict future moves but measure momentum and alignment in real-time
Labels update per bar and respond to subtle shifts in candle structure and trend indicators
✅ MTF Trend Snapshot (Live Output Example Shown in Chart Above)
This dashboard gives you a fast, visual summary of market trend and momentum across 5 timeframes. Here's what it's telling you right now:
🕔 5 Minute (5m)
📉 EMA Trend: Down
🔼 Price: Above VWAP
Direction: Bearish (42)
🟥 Weak bearish bias. Short-term pullback against a stronger trend. Use caution — lower confidence and mixed structure.
⏱️ 15 Minute (15m)
📈 EMA Trend: Up
🔼 Price: Above VWAP
Direction: Bullish (73)
🟩 Clean bullish structure with growing momentum. Solid for intraday confirmation.
🕧 30 Minute (30m)
📈 EMA Trend: Up
🔼 Price: Above VWAP
Direction: Bullish (77)
🟩 Stronger trend forming. Above VWAP and EMAs — building conviction.
🕐 1 Hour (1h)
📈 EMA Trend: Up
🔼 Price: Above VWAP
Direction: Bullish (70)
🟩 Confident, clean trend. Good alignment across indicators. Ideal timeframe for swing entries.
🕓 4 Hour (4h)
🔥 Strong Candle
📈 EMA Trend: Up
🔼 Price: Above VWAP
Direction: Bullish (100)
🟩 Full trend alignment with max momentum. Strong body candle + structure — high confidence continuation.
🧠 Quick Takeaway
🔻 5m is pulling back short term
✅ 15m through 4h are fully aligned Bullish
🔥 4h has max confidence — big-picture trend is intact
📈 Ideal setup for momentum traders looking to ride trend with multi-timeframe confirmation
Try pinning this dashboard to your chart during live trading to read price like a story across timeframes, and filter out weak setups with low-confidence noise.
magic wand STSM"Magic Wand STSM" Strategy: Trend-Following with Dynamic Risk Management
Overview:
The "Magic Wand STSM" (Supertrend & SMA Momentum) is an automated trading strategy designed to identify and capitalize on sustained trends in the market. It combines a multi-timeframe Supertrend for trend direction and potential reversal signals, along with a 200-period Simple Moving Average (SMA) for overall market bias. A key feature of this strategy is its dynamic position sizing based on a user-defined risk percentage per trade, and a built-in daily and monthly profit/loss tracking system to manage overall exposure and prevent overtrading.
How it Works (Underlying Concepts):
Multi-Timeframe Trend Confirmation (Supertrend):
The strategy uses two Supertrend indicators: one on the current chart timeframe and another on a higher timeframe (e.g., if your chart is 5-minute, the higher timeframe Supertrend might be 15-minute).
Trend Identification: The Supertrend's direction output is crucial. A negative direction indicates a bearish trend (price below Supertrend), while a positive direction indicates a bullish trend (price above Supertrend).
Confirmation: A core principle is that trades are only considered when the Supertrend on both the current and the higher timeframe align in the same direction. This helps to filter out noise and focus on stronger, more confirmed trends. For example, for a long trade, both Supertrends must be indicating a bearish trend (price below Supertrend line, implying an uptrend context where price is expected to stay above/rebound from Supertrend). Similarly, for short trades, both must be indicating a bullish trend (price above Supertrend line, implying a downtrend context where price is expected to stay below/retest Supertrend).
Trend "Readiness": The strategy specifically looks for situations where the Supertrend has been stable for a few bars (checking barssince the last direction change).
Long-Term Market Bias (200 SMA):
A 200-period Simple Moving Average is plotted on the chart.
Filter: For long trades, the price must be above the 200 SMA, confirming an overall bullish bias. For short trades, the price must be below the 200 SMA, confirming an overall bearish bias. This acts as a macro filter, ensuring trades are taken in alignment with the broader market direction.
"Lowest/Highest Value" Pullback Entries:
The strategy employs custom functions (LowestValueAndBar, HighestValueAndBar) to identify specific price action within the recent trend:
For Long Entries: It looks for a "buy ready" condition where the price has found a recent lowest point within a specific number of bars since the Supertrend turned bearish (indicating an uptrend). This suggests a potential pullback or consolidation before continuation. The entry trigger is a close above the open of this identified lowest bar, and also above the current bar's open.
For Short Entries: It looks for a "sell ready" condition where the price has found a recent highest point within a specific number of bars since the Supertrend turned bullish (indicating a downtrend). This suggests a potential rally or consolidation before continuation downwards. The entry trigger is a close below the open of this identified highest bar, and also below the current bar's open.
Candle Confirmation: The strategy also incorporates a check on the candle type at the "lowest/highest value" bar (e.g., closevalue_b < openvalue_b for buy signals, meaning a bearish candle at the low, suggesting a potential reversal before a buy).
Risk Management and Position Sizing:
Dynamic Lot Sizing: The lotsvalue function calculates the appropriate position size based on your Your Equity input, the Risk to Reward ratio, and your risk percentage for your balance % input. This ensures that the capital risked per trade remains consistent as a percentage of your equity, regardless of the instrument's volatility or price. The stop loss distance is directly used in this calculation.
Fixed Risk Reward: All trades are entered with a predefined Risk to Reward ratio (default 2.0). This means for every unit of risk (stop loss distance), the target profit is rr times that distance.
Daily and Monthly Performance Monitoring:
The strategy tracks todaysWins, todaysLosses, and res (daily net result) in real-time.
A "daily profit target" is implemented (day_profit): If the daily net result is very favorable (e.g., res >= 4 with todaysLosses >= 2 or todaysWins + todaysLosses >= 8), the strategy may temporarily halt trading for the remainder of the session to "lock in" profits and prevent overtrading during volatile periods.
A "monthly stop-out" (monthly_trade) is implemented: If the lres (overall net result from all closed trades) falls below a certain threshold (e.g., -12), the strategy will stop trading for a set period (one week in this case) to protect capital during prolonged drawdowns.
Trade Execution:
Entry Triggers: Trades are entered when all buy/sell conditions (Supertrend alignment, SMA filter, "buy/sell situation" candle confirmation, and risk management checks) are met, and there are no open positions.
Stop Loss and Take Profit:
Stop Loss: The stop loss is dynamically placed at the upTrendValue for long trades and downTrendValue for short trades. These values are derived from the Supertrend indicator, which naturally adjusts to market volatility.
Take Profit: The take profit is calculated based on the entry price, the stop loss, and the Risk to Reward ratio (rr).
Position Locks: lock_long and lock_short variables prevent immediate re-entry into the same direction once a trade is initiated, or after a trend reversal based on Supertrend changes.
Visual Elements:
The 200 SMA is plotted in yellow.
Entry, Stop Loss, and Take Profit lines are plotted in white, red, and green respectively when a trade is active, with shaded areas between them to visually represent risk and reward.
Diamond shapes are plotted at the bottom of the chart (green for potential buy signals, red for potential sell signals) to visually indicate when the buy_sit or sell_sit conditions are met, along with other key filters.
A comprehensive trade statistics table is displayed on the chart, showing daily wins/losses, daily profit, total deals, and overall profit/loss.
A background color indicates the active trading session.
Ideal Usage:
This strategy is best applied to instruments with clear trends and sufficient liquidity. Users should carefully adjust the Your Equity, Risk to Reward, and risk percentage inputs to align with their individual risk tolerance and capital. Experimentation with different ATR Length and Factor values for the Supertrend might be beneficial depending on the asset and timeframe.
ICT Opening Range Projections (tristanlee85)ICT Opening Range Projections
This indicator visualizes key price levels based on ICT's (Inner Circle Trader) "Opening Range" concept. This 30-minute time interval establishes price levels that the algorithm will refer to throughout the session. The indicator displays these levels, including standard deviation projections, internal subdivisions (quadrants), and the opening price.
🟪 What It Does
The Opening Range is a crucial 30-minute window where market algorithms establish significant price levels. ICT theory suggests this range forms the basis for daily price movement.
This script helps you:
Mark the high, low, and opening price of each session.
Divide the range into quadrants (premium, discount, and midpoint/Consequent Encroachment).
Project potential price targets beyond the range using configurable standard deviation multiples .
🟪 How to Use It
This tool aids in time-based technical analysis rooted in ICT's Opening Range model, helping you observe price interaction with algorithmic levels.
Example uses include:
Identifying early structural boundaries.
Observing price behavior within premium/discount zones.
Visualizing initial displacement from the range to anticipate future moves.
Comparing price reactions at projected standard deviation levels.
Aligning price action with significant times like London or NY Open.
Note: This indicator provides a visual framework; it does not offer trade signals or interpretations.
🟪 Key Information
Time Zone: New York time (ET) is required on your chart.
Sessions: Supports multiple sessions, including NY midnight, NY AM, NY PM, and three custom timeframes.
Time Interval: Supports multi-timeframe up to 15 minutes. Best used on a 1-minute chart for accuracy.
🟪 Session Options
The Opening Range interval is configurable for up to 6 sessions:
Pre-defined ICT Sessions:
NY Midnight: 12:00 AM – 12:30 AM ET
NY AM: 9:30 AM – 10:00 AM ET
NY PM: 1:30 PM – 2:00 PM ET
Custom Sessions:
Three user-defined start/end time pairs.
This example shows a custom session from 03:30 - 04:00:
🟪 Understanding the Levels
The Opening Price is the open of the first 1-minute candle within the chosen session.
At session close, the Opening Range is calculated using its High and Low . An optional swing-based mode uses swing highs/lows for range boundaries.
The range is divided into quadrants by its midpoint ( Consequent Encroachment or CE):
Upper Quadrant: CE to high (premium).
Lower Quadrant: Low to CE (discount).
These subdivisions help visualize internal range dynamics, where price often reacts during algorithmic delivery.
🟪 Working with Ranges
By default, the range is determined by the highest high and lowest low of the 30-minute session:
A range can also be determined by the highest/lowest swing points:
Quadrants outline the premium and discount of a range that price will reference:
Small ranges still follow the same algorithmic logic, but may be deemed insignificant for one's trading. These can be filtered in the settings by specifying a minimum ticks limit. In this example, the range is 42 ticks (10.5 points) but the indicator is configured for 80 ticks (20 points). We can select which levels will plot if the range is below the limit. Here, only the 00:00 opening price is plotted:
You may opt to include the range high/low, quadrants, and projections as well. This will plot a red (configurable) range bracket to indicate it is below the limit while plotting the levels:
🟪 Price Projections
Projections extend beyond the Opening Range using standard deviations, framing the market beyond the initial session and identifying potential targets. You define the standard deviation multiples (e.g., 1.0, 1.5, 2.0).
Both positive and negative extensions are displayed, symmetrically projected from the range's high and low.
The Dynamic Levels option plots only the next projection level once price crosses the previous extreme. For example, only the 0.5 STDEV level plots until price reaches it, then the 1.0 level appears, and so on. This continues up to your defined maximum projections, or indefinitely if standard deviations are set to 0.
This example shows dynamic levels for a total of 6 sessions, only 1 of which meet a configured minimum limit of 50 ticks:
Small ranges followed by significant displacement are impacted the most with the number of levels plotted. You may hide projections when configuring the minimum ticks.
A fixed standard deviation will plot levels in both directions, regardless of the price range. Here, we plot up to 3.0 which hiding projections for small ranges:
🟪 Legal Disclaimer
This indicator is provided for informational and educational purposes only. It is not financial advice, and should not be construed as a recommendation to buy or sell any financial instrument. Trading involves substantial risk, and you could lose a significant amount of money. Past performance is not indicative of future results. Always consult with a qualified financial professional before making any trading or investment decisions. The creators and distributors of this indicator assume no responsibility for your trading outcomes.
SOXL Trend Surge v3.0.2 – Profit-Only RunnerSOXL Trend Surge v3.0.2 – Profit-Only Runner
This is a trend-following strategy built for leveraged ETFs like SOXL, designed to ride high-momentum waves with minimal interference. Unlike most short-term scalping scripts, this model allows trades to develop over multiple days to even several months, capitalizing on the full power of extended directional moves — all without using a stop-loss.
🔍 How It Works
Entry Logic:
Price is above the 200 EMA (long-term trend confirmation)
Supertrend is bullish (momentum confirmation)
ATR is rising (volatility expansion)
Volume is above its 20-bar average (liquidity filter)
Price is outside a small buffer zone from the 200 EMA (to avoid whipsaws)
Trades are restricted to market hours only (9 AM to 2 PM EST)
Cooldown of 15 bars after each exit to prevent overtrading
Exit Strategy:
Takes partial profit at +2× ATR if held for at least 2 bars
Rides the remaining position with a trailing stop at 1.5× ATR
No hard stop-loss — giving space for volatile pullbacks
⚙️ Strategy Settings
Initial Capital: $500
Risk per Trade: 100% of equity (fully allocated per entry)
Commission: 0.1%
Slippage: 1 tick
Recalculate after order is filled
Fill orders on bar close
Timeframe Optimized For: 45-minute chart
These parameters simulate an aggressive, high-volatility trading model meant for forward-testing compounding potential under realistic trading costs.
✅ What Makes This Unique
No stop-loss = fewer premature exits
Partial profit-taking helps lock in early wins
Trailing logic gives room to ride large multi-week moves
Uses strict filters (volume, ATR, EMA bias) to enter only during high-probability windows
Ideal for leveraged ETF swing or position traders looking to hold longer than the typical intraday or 2–3 day strategies
⚠️ Important Note
This is a high-risk, high-reward strategy meant for educational and testing purposes. Without a stop-loss, trades can experience deep drawdowns that may take weeks or even months to recover. Always test thoroughly and adjust position sizing to suit your risk tolerance. Past results do not guarantee future returns. Backtest range: May 8, 2020 – May 23, 2025
Mad Trading Scientist - Guppy MMA with Bollinger Bands📘 Indicator Name:
Guppy MMA with Bollinger Bands
🔍 What This Indicator Does:
This TradingView indicator combines Guppy Multiple Moving Averages (GMMA) with Bollinger Bands to help you identify trend direction and volatility zones, ideal for spotting pullback entries within trending markets.
🔵 1. Guppy Multiple Moving Averages (GMMA):
✅ Short-Term EMAs (Blue) — represent trader sentiment:
EMA 3, 5, 8, 10, 12, 15
✅ Long-Term EMAs (Red) — represent investor sentiment:
EMA 30, 35, 40, 45, 50, 60
Usage:
When blue (short) EMAs are above red (long) EMAs and spreading → Strong uptrend
When blue EMAs cross below red EMAs → Potential downtrend
⚫ 2. Bollinger Bands (Volatility Envelopes):
Length: 300 (captures the longer-term price range)
Basis: 300-period SMA
Upper & Lower Bands:
±1 Standard Deviation (light gray zone)
±2 Standard Deviations (dark gray zone)
Fill Zones:
Highlights standard deviation ranges
Emphasizes extreme vs. normal price moves
Usage:
Price touching ±2 SD bands signals potential exhaustion
Price reverting to the mean suggests pullback or re-entry opportunity
💡 Important Note: Use With Momentum Filter
✅ For superior accuracy, this indicator should be combined with your invite-only momentum filter on TradingView.
This filter helps confirm whether the trend has underlying strength or is losing momentum, increasing the probability of successful entries and exits.
🕒 Recommended Timeframe:
📆 1-Hour Chart (60m)
This setup is optimized for short- to medium-term swing trading, where Guppy structures and Bollinger reversion work best.
🔧 Practical Strategy Example:
Long Trade Setup:
Short EMAs are above long EMAs (strong uptrend)
Price pulls back to the lower 1 or 2 SD band
Momentum filter confirms bullish strength
Short Trade Setup:
Short EMAs are below long EMAs (strong downtrend)
Price rises to the upper 1 or 2 SD band
Momentum filter confirms bearish strength
SpeedBullish Strategy Confirm V6.2SpeedBullish Strategy Confirm V6.2
SpeedBullish V6.2 is an advanced price-action + indicator-based strategy designed to confirm trend strength and signal entries with high precision. This version builds on the W/M pattern structure and adds dynamic filtering with EMA, MACD Histogram, RSI, ATR, and Volume.
✅ Signal Conditions
🔹 Buy Signal:
Price above EMA10 or EMA15
MACD Histogram crosses above 0
RSI > 50
(Optional) Higher low via Pivot Low
(Optional) ATR > ATR SMA * Multiplier
(Optional) Volume > SMA * Multiplier
🔻 Sell Signal:
Price below EMA10 or EMA15
MACD Histogram crosses below 0
RSI < 50
(Optional) Lower high via Pivot High
(Optional) Confirmed high volatility and volume
⚙️ Strategy Features
MACD Histogram for momentum shift detection
RSI filtering for momentum confirmation
EMA10/15 for trend direction
ATR-based volatility filter
Volume confirmation filter
Dynamic TP/SL + Trailing Stop
Webhook Integration for MT5 auto-trade
Visual signal markers + background highlight
🔔 Alerts
Alerts are sent in JSON format via alert() with the current symbol, action (buy/sell), and price. Webhook endpoint and secret key are configurable.
📈 How to Use
Attach the strategy to any symbol and timeframe
Customize filters and confirmations to fit your market conditions
Enable webhook alerts for integration with your MT5 Expert Advisor or trading bot
Backtest and optimize before live deployment
Reflexivity Resonance Factor (RRF) - Quantum Flow Reflexivity Resonance Factor (RRF) – Quantum Flow
See the Feedback Loops. Anticipate the Regime Shift.
What is the RRF – Quantum Flow?
The Reflexivity Resonance Factor (RRF) – Quantum Flow is a next-generation market regime detector and energy oscillator, inspired by George Soros’ theory of reflexivity and modern complexity science. It is designed for traders who want to visualize the hidden feedback loops between market perception and participation, and to anticipate explosive regime shifts before they unfold.
Unlike traditional oscillators, RRF does not just measure price momentum or volatility. Instead, it models the dynamic feedback between how the market perceives itself (perception) and how it acts on that perception (participation). When these feedback loops synchronize, they create “resonance” – a state of amplified reflexivity that often precedes major market moves.
Theoretical Foundation
Reflexivity: Markets are not just driven by external information, but by participants’ perceptions and their actions, which in turn influence future perceptions. This feedback loop can create self-reinforcing trends or sudden reversals.
Resonance: When perception and participation align and reinforce each other, the market enters a high-energy, reflexive state. These “resonance” events often mark the start of new trends or the climax of existing ones.
Energy Field: The indicator quantifies the “energy” of the market’s reflexivity, allowing you to see when the crowd is about to act in unison.
How RRF – Quantum Flow Works
Perception Proxy: Measures the rate of change in price (ROC) over a configurable period, then smooths it with an EMA. This models how quickly the market’s collective perception is shifting.
Participation Proxy: Uses a fast/slow ATR ratio to gauge the intensity of market participation (volatility expansion/contraction).
Reflexivity Core: Multiplies perception and participation to model the feedback loop.
Resonance Detection: Applies Z-score normalization to the absolute value of reflexivity, highlighting when current feedback is unusually strong compared to recent history.
Energy Calculation: Scales resonance to a 0–100 “energy” value, visualized as a dynamic background.
Regime Strength: Tracks the percentage of bars in a lookback window where resonance exceeded the threshold, quantifying the persistence of reflexive regimes.
Inputs:
🧬 Core Parameters
Perception Period (pp_roc_len, default 14): Lookback for price ROC.
Lower (5–10): More sensitive, for scalping (1–5min).
Default (14): Balanced, for 15min–1hr.
Higher (20–30): Smoother, for 4hr–daily.
Perception Smooth (pp_smooth_len, default 7): EMA smoothing for perception.
Lower (3–5): Faster, more detail.
Default (7): Balanced.
Higher (10–15): Smoother, less noise.
Participation Fast (prp_fast_len, default 7): Fast ATR for immediate volatility.
5–7: Scalping.
7–10: Day trading.
10–14: Swing trading.
Participation Slow (prp_slow_len, default 21): Slow ATR for baseline volatility.
Should be 2–4x fast ATR.
Default (21): Works with fast=7.
⚡ Signal Configuration
Resonance Window (res_z_window, default 50): Z-score lookback for resonance normalization.
20–30: More reactive.
50: Medium-term.
100+: Very stable.
Primary Threshold (rrf_threshold, default 1.5): Z-score level for “Active” resonance.
1.0–1.5: More signals.
1.5: Balanced.
2.0+: Only strong signals.
Extreme Threshold (rrf_extreme, default 2.5): Z-score for “Extreme” resonance.
2.5: Major regime shifts.
3.0+: Only the most extreme.
Regime Window (regime_window, default 100): Lookback for regime strength (% of bars with resonance spikes).
Higher: More context, slower.
Lower: Adapts quickly.
🎨 Visual Settings
Show Resonance Flow (show_flow, default true): Plots the main resonance line with glow effects.
Show Signal Particles (show_particles, default true): Circular markers at active/extreme resonance points.
Show Energy Field (show_energy, default true): Background color based on resonance energy.
Show Info Dashboard (show_dashboard, default true): Status panel with resonance metrics.
Show Trading Guide (show_guide, default true): On-chart quick reference for interpreting signals.
Color Mode (color_mode, default "Spectrum"): Visual theme for all elements.
“Spectrum”: Cyan→Magenta (high contrast)
“Heat”: Yellow→Red (heat map)
“Ocean”: Blue gradients (easy on eyes)
“Plasma”: Orange→Purple (vibrant)
Color Schemes
Dynamic color gradients are used for all plots and backgrounds, adapting to both resonance intensity and direction:
Spectrum: Cyan/Magenta for bullish/bearish resonance.
Heat: Yellow/Red for bullish, Blue/Purple for bearish.
Ocean: Blue gradients for both directions.
Plasma: Orange/Purple for high-energy states.
Glow and aura effects: The resonance line is layered with multiple glows for depth and signal strength.
Background energy field: Darker = higher energy = stronger reflexivity.
Visual Logic
Main Resonance Line: Shows the smoothed resonance value, color-coded by direction and intensity.
Glow/Aura: Multiple layers for visual depth and to highlight strong signals.
Threshold Zones: Dotted lines and filled areas mark “Active” and “Extreme” resonance zones.
Signal Particles: Circular markers at each “Active” (primary threshold) and “Extreme” (extreme threshold) event.
Dashboard: Top-right panel shows current status (Dormant, Building, Active, Extreme), resonance value, energy %, and regime strength.
Trading Guide: Bottom-right panel explains all states and how to interpret them.
How to Use RRF – Quantum Flow
Dormant (💤): Market is in equilibrium. Wait for resonance to build.
Building (🌊): Resonance is rising but below threshold. Prepare for a move.
Active (🔥): Resonance exceeds primary threshold. Reflexivity is significant—consider entries or exits.
Extreme (⚡): Resonance exceeds extreme threshold. Major regime shift likely—watch for trend acceleration or reversal.
Energy >70%: High conviction, crowd is acting in unison.
Above 0: Bullish reflexivity (positive feedback).
Below 0: Bearish reflexivity (negative feedback).
Regime Strength: % of bars in “Active” state—higher = more persistent regime.
Tips:
- Use lower lookbacks for scalping, higher for swing trading.
- Combine with price action or your own system for confirmation.
- Works on all assets and timeframes—tune to your style.
Alerts
RRF Activation: Resonance crosses above primary threshold.
RRF Extreme: Resonance crosses above extreme threshold.
RRF Deactivation: Resonance falls below primary threshold.
Originality & Usefulness
RRF – Quantum Flow is not a mashup of existing indicators. It is a novel oscillator that models the feedback loop between perception and participation, then quantifies and visualizes the resulting resonance. The multi-layered color logic, energy field, and regime strength dashboard are unique to this script. It is designed for anticipation, not confirmation—helping you see regime shifts before they are obvious in price.
Chart Info
Script Name: Reflexivity Resonance Factor (RRF) – Quantum Flow
Recommended Use: Any asset, any timeframe. Tune parameters to your style.
Disclaimer
This script is for research and educational purposes only. It does not provide financial advice or direct buy/sell signals. Always use proper risk management and combine with your own strategy. Past performance is not indicative of future results.
Trade with insight. Trade with anticipation.
— Dskyz , for DAFE Trading Systems
Engulfing DetectorThis script detects classic candlestick reversal patterns known as Engulfing formations:
Bullish Engulfing: A green candle fully engulfs the previous red candle.
Bearish Engulfing: A red candle fully engulfs the previous green candle.
🔎 Features:
Works on any time frame or instrument.
Optional filter to ignore overly large or irregular candles.
Visual signals on the chart (BE/SE labels).
Built-in alerts for automation or notification.
✅ Recommended usage:
For intraday trading, this indicator performs best on the 5-minute chart of the Nasdaq (NQ) between 9:45 AM and 1:00 PM ET (15:45–19:00 CET).
💡 Suggested trading approach:
Optimized for scalping with short-term trades and small take-profits around +0.10%.
FVG (Nephew sam remake)Hello i am making my own FVG script inspired by Nephew Sam as his fvg code is not open source. My goal is to replicate his Script and then add in alerts and more functions. Thus, i spent few days trying to code. There is bugs such as lower time frame not showing higher time frame FVG.
This script automatically detects and visualizes Fair Value Gaps (FVGs) — imbalances between demand and supply — across multiple timeframes (15-minute, 1-hour, and 4-hour).
15m chart shows:
15m FVGs (green/red boxes)
1H FVGs (lime/maroon)
4H FVGs (faded green/red with borders) (Bugged For now i only see 1H appearing)
1H chart shows:
1H FVGs
4H FVGs
4H chart shows:
4H FVGs only
There is the function to auto close FVG when a future candle fully disrespected it.
You're welcome to:
🔧 Customize the appearance: adjust box colors, transparency, border style
🧪 Add alerts: e.g., when price enters or fills a gap
📅 Expand to Daily/Weekly: just copy the logic and plug in "D" or "W" as new layers
📈 Build confluence logic: combine this with order blocks, liquidity zones, or ICT concepts
🧠 Experiment with entry signals: e.g., candle confirmation on return to FVG
🚀 Improve performance: if you find a lighter way to track gaps, feel free to optimize!
Multi-Timeframe Session HighlighterWhat is the Multi-Timeframe Session Highlighter?
It’s a simple Pine Script indicator that paints two special candles on your chart, no matter what timeframe you’re looking at. Think of it as a highlighter pen for session starts and ends—can be used for session-based strategies or just keeping an eye on key turning points.
How it works:
Green Bar (Session Open): Marks the exact bar when your chosen higher-timeframe session kicks off. If you select “4H,” on the indicator, you’ll see green on every 4-hour open, even if you’re staring at a 15-minute chart.
Red Bar (Session Close): Highlights the very last lower-timeframe candle immediately before that session wraps up. So on a 1H chart with “Daily” selected, you’ll get a red band on the 23:00 hour before the new daily bar at midnight.
Customizable: Pick your own colors and transparency level to match your chart theme.
Getting started:
Add the indicator to your chart.
In the inputs, select the session timeframe (for example, “240” for 4H or “D” for daily).
Choose your favorite green and red shades.
That’s it.
Realtime ATR-Based Stop Loss Numerical OverlayRealtime ATR-Based Stop Loss Numerical Overlay
A simple, effective tool for dynamic risk management based on ATR (Average True Range) without adding cluttered and distracting lines all over your chart.
📌 Description
This script plots a real-time stop loss level using the Average True Range (ATR) on your chart, helping you set consistent, volatility-based stops. It supports both:
✅ Current chart timeframe
✅ Custom fixed timeframe inputs (1m, 5m, 15m, 1h, etc.)
The stop level is calculated as:
Stop = ATR × Multiplier
and updates in real-time. An overlay table displays on the bottom-right of your chart with the calculated stop value in a clean, simple way.
⚙️ Settings
ATR Timeframe Source:
Choose between using the current chart's timeframe or a fixed one (e.g. 5, 15, 60, D, etc).
ATR Length:
Period used to calculate the ATR (default is 14).
Stop Loss Multiplier:
Multiplies the ATR value to define your stop (e.g., 1.5 × ATR).
Wait for Timeframe Closes:
If enabled, the ATR value waits for the selected timeframe’s candle to close before updating. If unselected, it will update in real time.
🛠️ How to Use
Add this script to your chart from your indicators list.
Configure your desired timeframe, ATR length, and multiplier in the settings panel.
Use the value shown in the table overlay as your suggested stop loss distance from entry.
Adjust your position sizing accordingly to fit your risk tolerance.
This tool is especially useful for traders looking for adaptive risk management that evolves with market volatility — whether scalping intraday or swing trading.
💡 Pro Tip
The ATR stop can also be used to dynamically trail your stop behind price movement.
MFI + RSI + EMA Dynamic SignalsThe MFI + RSI + EMA Dynamic Signals is a designed to combine with widened criteria to capture more trading opportunities, it balances momentum, trend, and flexibility, making it suitable for trading on timeframes like 15-minute to 4-hour charts.
How It Works
The indicator uses three technical components with relaxed criteria to produce signals:
Money Flow Index (MFI) for Momentum Extremes:
The MFI, calculated over a 14-period length, measures buying and selling pressure using price and volume. A buy signal can trigger when MFI crosses above the oversold level (default: 30, widened from 20), indicating potential buying pressure, while a sell signal can occur when MFI crosses below the overbought level (default: 70, widened from 80), suggesting selling pressure.
Relative Strength Index (RSI) for Momentum Confirmation:
The RSI, calculated over a 14-period length, confirms momentum strength. Bullish momentum is confirmed when RSI is above a buy threshold (default: 45, relaxed from 50), and bearish momentum when below a sell threshold (default: 55, relaxed from 50), allowing more signals near neutral momentum levels.
Exponential Moving Average (EMA) for Trend Sensitivity:
The indicator uses a fast EMA (default: 9 periods) and a slow EMA (default: 21 periods) to detect trend direction and crossovers. Signals can trigger when the fast EMA crosses the slow EMA, or when the fast EMA is within a proximity threshold (default: 0.5%) of the slow EMA, capturing early trend changes and increasing signal frequency.
Signal Generation
Signals are generated using the previous bar’s values to prevent repainting, with widened criteria for more frequent triggers:
Buy Signal: Either the MFI crosses above the oversold level or the fast EMA crosses above the slow EMA, and either RSI confirms bullish momentum (above 45) or the EMAs are near a crossover (within 0.5%). Displayed as a green upward triangle below the bar.
Sell Signal: Either the MFI crosses below the overbought level or the fast EMA crosses below the slow EMA, and either RSI confirms bearish momentum (below 55) or the EMAs are near a crossover (within 0.5%). Displayed as a red downward triangle above the bar.
Auto Price Action SR Levels by Chaitu50cAuto Price Action SR Levels by Chaitu50c:
This is a session-based support and resistance indicator that identifies price levels based on actual candle activity, without relying on traditional indicators. It works by clustering open, high, low, or close values of past candles that frequently occur within a defined price range, making it a reliable price action-based tool for intraday traders.
The indicator calculates these levels at the start of each new trading session (based on NSE 09:15 time) and keeps them static throughout the session. This avoids unnecessary noise or flickering due to live price action, giving traders consistent zones to work with during the day.
FEATURES:
* Automatic detection of support and resistance levels based on candle price hits
* Cluster formation using high/low or open/close logic
* Static levels: calculated once per session and remain unchanged until the next session
* Adjustable settings for:
* Cluster range (in points)
* Number of lookback candles
* Line width
* Line color (default: black)
* Minimalist design for a clean chart experience
HOW IT WORKS:
The indicator looks back over a defined number of candles at the beginning of each session. It clusters prices that fall within a specified range (e.g., 250 points) and counts how many times they appear as open, high, low, or close values. If a price level is hit at least once (default), it is considered significant and a line is plotted.
Because clustering is done once per session, the lines do not shift during the session. This allows traders to base decisions on fixed, stable levels formed by prior market structure.
RECOMMENDED FOR:
* Intraday traders
* Price action traders
* Traders who prefer clean charts with logical SR zones
* Nifty, BankNifty, and stock-based day trading
Created by Chaitu50c for traders who rely on logic and structure, not signals.
Disclaimer:
This indicator is intended for educational and informational purposes only. It does not constitute financial advice or trading recommendations. Use at your own discretion and always manage risk responsibly.
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Let me know if you’d like to include use-case examples or screenshots before publishing.
Tight Range Display with Background🌟 Tight Range Transparency Display with Background
What Is This Indicator?
Hey traders! Ever wanted a simple way to spot those quiet, low-volatility moments in the market that often signal a big move is coming? The Tight Range Transparency Display with Background does exactly that! This indicator highlights periods where the price is moving in a tight range—think of it as the calm before the storm. It paints the chart background blue to show these zones, with the shade getting darker the tighter the range becomes. It’s like having a visual cue to say, “Hey, something might be brewing here!”
Why You’ll Love It
Spot Key Moments Easily: The blue background makes it super easy to see when the market is in a tight range, which often happens before breakouts or big trends.
Customizable Settings: You can tweak the range thresholds to match your trading style—whether you’re looking for super tight zones or slightly broader ones.
Visual Clarity: The background gets darker when the range is tighter, giving you a quick sense of how compressed the price action is.
Perfect for Any Market: Works on stocks, forex, crypto, or any chart you trade, across any timeframe.
How to Use It
Add It to Your Chart:
Just copy this script into TradingView’s Pine Editor and hit "Add to Chart." It’ll overlay right on your price chart.
Tweak the Settings:
Open the indicator settings and use the dropdown menus to pick your preferred "Tight Range %" and "Wide Range %." For example, set a Tight Range % of 2.0% to catch smaller ranges, or go higher like 10.0% for broader ones.
You can also adjust the ATR Period (default is 5) to make the indicator more or less sensitive to recent price swings.
Watch for the Blue Background:
When the price enters a tight range, the chart background turns blue. The darker the blue, the tighter the range—meaning a potential breakout could be closer!
Trade Smarter:
Use these tight range zones to prepare for potential breakouts. For example, if you see a dark blue background, it might be a good time to watch for a big price move.
Pair this with other tools like support/resistance levels or volume spikes to confirm your trades.
Who Is This For?
Swing Traders: Perfect for spotting consolidation zones before a big swing.
Breakout Traders: Tight ranges often lead to breakouts—use this to time your entries.
Smart Money Followers: If you’re into smart money concepts, tight ranges can signal accumulation or distribution phases.
Beginners & Pros Alike: It’s easy to use for new traders but powerful enough for seasoned pros.
Real-World Example
Imagine you’re trading a stock on a 1-hour chart. You notice the background turns blue, and it’s getting darker over a few bars. This tells you the price range is tightening—maybe the stock is consolidating after a big move. You check your other indicators, see a volume spike, and spot a breakout above resistance. Boom! You catch the next big trend, all because this indicator helped you focus on the right moment.
Tips for Best Results
Try Different Timeframes: Tight ranges on a 15-minute chart might signal short-term moves, while a daily chart could highlight bigger trends.
Adjust for Your Market: For volatile markets like crypto, you might want a higher Tight Range % (e.g., 10.0%). For calmer markets like forex, try a lower setting (e.g., 2.0%).
Combine with Other Tools: Use this alongside trendlines, moving averages, or volume indicators to confirm your setups.
Why I Made This
I created this indicator because I wanted a simple, visual way to spot those critical low-volatility zones without cluttering my chart. The dynamic background color makes it intuitive to see when the market is “coiling up” for a potential move. I hope it helps you find better trading opportunities just like it does for me!
Let’s Connect
If you find this indicator helpful, I’d love to hear about it! Drop a comment or a rating to let me know how it’s working for you. Got ideas to make it even better? Feel free to message me on TradingView—I’m always open to suggestions.
Published On
Date: May 22, 2025
Happy trading, and may your charts always be in your favor! 🚀
How to Publish on TradingView
Open Pine Editor:
On TradingView, open a chart and go to the Pine Editor tab at the bottom.
Paste the Code:
Copy the script you provided and paste it into the Pine Editor.
Compile:
Click "Add to Chart" to ensure it compiles without errors.
Publish:
Click the "Publish Script" button (paper plane icon) in the Pine Editor.
Select "Publish New Script."
Add the Description:
Title: "Tight Range Transparency Display with Background"
Description: Copy the content above into the description field.
Visibility: Choose "Public" to share with everyone (or "Invite-Only" for restricted access).
Tags: Add tags like "tight range", "breakout", "smart money", "volatility", "swing trading".
Screenshot: Add a screenshot of the indicator on a chart, showing the blue background during a tight range.
Submit:
Click "Publish" to submit. TradingView will review it and make it live if it meets their guidelines.
Additional Notes
Screenshot Tip: Use a chart where the blue background is clearly visible (e.g., during a consolidation period) to make the indicator’s effect stand out.
Engage with Users: After publishing, respond to comments and feedback to build a positive reputation on TradingView.
This content is designed to be approachable and engaging, helping traders understand the value of your indicator and encouraging them to try it out.
Wick Spike 50% Detector (15m & 1h)This script identifies candles with significant upper or lower wicks (spikes) based on a percentage of the total candle range. It helps spot potential reversals, exhaustion moves, or liquidity grabs — especially useful in volatile markets.
📍 Key Features:
15-Minute Timeframe:
Red Triangle Above: Candle range ≥ 0.35% and upper wick ≥ 50% of the range.
Green Triangle Below: Candle range ≥ 0.30% and lower wick ≥ 50% of the range.
1-Hour Timeframe:
Red Circle Above: Candle range ≥ 0.50% and upper wick ≥ 50%.
Green Circle Below: Candle range ≥ 0.50% and lower wick ≥ 50%.
📢 Alerts:
Alerts trigger when the 50% spike condition is met — within the last 60 seconds before candle close — ensuring timely notifications.
🎯 Designed to assist traders in identifying spike-driven opportunities and refining entry/exit strategies.
IPDA with Order Blocks [Enhanced]Summary of the Code
This script plots IPDA Standard Deviations on a price chart, helping traders visualize potential support and resistance levels based on a series of user-defined deviations. It uses swing high/low points and time-based fractal lookbacks (monthly, weekly, daily, or intraday) to define price anchors and compute deviation lines.
Key features include:
Deviations: It calculates and plots deviation levels based on the distance between swing highs and lows, which traders can use as price targets or zones of interest.
Timeframes:
Monthly (higher timeframe analysis)
Weekly (medium-term analysis)
Daily and Intraday (shorter-term precision)
Customization:
Choose which deviation levels (e.g., 0, 1, -1, -2) to display.
Hide labels or adjust their sizes for cleaner charts.
Option to remove invalidated deviation levels dynamically.
Visual Cleanliness: Automatically removes clutter by hiding or deleting invalid deviation levels and focusing on active price zones.
How to Utilize It for Intraday Trading to Make $1,000
Here’s how to effectively use the indicator to optimize intraday trading:
1. Set the Right Timeframe:
Use the 15-minute or 1-hour chart for intraday setups.
Ensure the "Intraday" lookback option is enabled to focus on shorter-term swings.
2. Interpret the Levels:
Bearish Order Blocks: Look for red lines (bearish deviation) as potential resistance zones where the price may reverse downward.
Bullish Order Blocks: Look for green lines (bullish deviation) as potential support zones where the price may bounce upward.
3. Plan Entries and Exits:
Entry: Buy near a green order block or short near a red order block, confirming the trade with additional signals (e.g., candlestick patterns, momentum indicators).
Stop Loss: Place your stop below the green line (for buys) or above the red line (for shorts).
Profit Targets: Use deviation levels as targets (e.g., from the 0 level to +1 or -1).
4. Combine with Market Context:
Use the script alongside volume profile, trend indicators, or news events for confirmation.
Avoid trading during major news events unless aligned with deviations.
5. Position Sizing for $1,000 Goal:
Trade liquid instruments like Nasdaq futures (NQ) or major forex pairs.
Risk 1-2% of your capital on each trade and scale into positions if confirmed.
Target a profit of 10-20 points per trade on Nasdaq futures, with 1-2 trades daily.
6. Monitor Key Timeframes:
Pre-market (before 9:30 AM EST): Mark deviation levels to predict market open behavior.
Midday & Power Hour (3-4 PM EST): Watch for breakouts or retests around key deviation levels.
By combining this tool with disciplined risk management and a clear trading plan, you can systematically work toward your profit target while minimizing unnecessary risks
Quadruple EMA (QEMA)The Quadruple Exponential Moving Average (QEMA) is an advanced technical indicator that extends the concept of lag reduction beyond TEMA (Triple Exponential Moving Average) to a fourth order. By applying a sophisticated four-stage EMA cascade with optimized coefficient distribution, QEMA provides the ultimate evolution in EMA-based lag reduction techniques.
Unlike traditional compund moving averages like DEMA and TEMA, QEMA implements a progressive smoothing system that strategically distributes alphas across four EMA stages and combines them with balanced coefficients (4, -6, 4, -1). This approach creates an indicator that responds extremely quickly to price changes while still maintaining sufficient smoothness to be useful for trading decisions. QEMA is particularly valuable for traders who need the absolute minimum lag possible in trend identification.
▶️ **Core Concepts**
Fourth-order processing: Extends the EMA cascade to four stages for maximum possible lag reduction while maintaining a useful signal
Progressive alpha system: Uses mathematically derived ratio-based alpha progression to balance responsiveness across all four EMA stages
Optimized coefficients: Employs calculated weights (4, -6, 4, -1) to effectively eliminate lag while preserving compound signal stability
Numerical stability control: Implements initialization and alpha distribution to ensure consistent results from the first calculation bar
QEMA achieves its exceptional lag reduction by combining four progressive EMAs with mathematically optimized coefficients. The formula is designed to maximize responsiveness while minimizing the overshoot problems that typically occur with aggressive lag reduction techniques. The implementation uses a ratio-based alpha progression that ensures each EMA stage contributes appropriately to the final result.
▶️ **Common Settings and Parameters**
Period: Default: 15| Base smoothing period | When to Adjust: Decrease for extremely fast signals, increase for more stable output
Alpha: Default: auto | Direct control of base smoothing factor | When to Adjust: Manual setting allows precise tuning beyond standard period settings
Source: Default: Close | Data point used for calculation | When to Adjust: Change to HL2 or HLC3 for more balanced price representation
Pro Tip: Professional traders often use QEMA with longer periods than other moving averages (e.g., QEMA(20) instead of EMA(10)) since its extreme lag reduction provides earlier signals even with longer periods.
▶️ **Calculation and Mathematical Foundation**
Simplified explanation:
QEMA works by calculating four EMAs in sequence, with each EMA taking the previous one as input. It then combines these EMAs using balancing weights (4, -6, 4, -1) to create a moving average with extremely minimal lag and high level of smoothness. The alpha factors for each EMA are progressively adjusted using a mathematical ratio to ensure balanced responsiveness across all stages.
Technical formula:
QEMA = 4 × EMA₁ - 6 × EMA₂ + 4 × EMA₃ - EMA₄
Where:
EMA₁ = EMA(source, α₁)
EMA₂ = EMA(EMA₁, α₂)
EMA₃ = EMA(EMA₂, α₃)
EMA₄ = EMA(EMA₃, α₄)
α₁ = 2/(period + 1) is the base smoothing factor
r = (1/α₁)^(1/3) is the derived ratio
α₂ = α₁ × r, α₃ = α₂ × r, α₄ = α₃ × r are the progressive alphas
Mathematical Rationale for the Alpha Cascade:
The QEMA indicator employs a specific geometric progression for its smoothing factors (alphas) across the four EMA stages. This design is intentional and aims to optimize the filter's performance. The ratio between alphas is **r = (1/α₁)^(1/3)** - derived from the cube root of the reciprocal of the base alpha.
For typical smoothing (α₁ < 1), this results in a sequence of increasing alpha values (α₁ < α₂ < α₃ < α₄), meaning that subsequent EMAs in the cascade are progressively faster (less smoothed). This specific progression, when combined with the QEMA coefficients (4, -6, 4, -1), is chosen for the following reasons:
1. Optimized Frequency Response:
Using the same alpha for all EMA stages (as in a naive multi-EMA approach) can lead to an uneven frequency response, potentially causing over-shooting of certain frequencies or creating undesirable resonance. The geometric progression of alphas in QEMA helps to create a more balanced and controlled filter response across a wider range of movement frequencies. Each stage's contribution to the overall filtering characteristic is more harmonized.
2. Minimized Phase Lag:
A key goal of QEMA is extreme lag reduction. The specific alpha cascade, particularly the relationship defined by **r**, is designed to minimize the cumulative phase lag introduced by the four smoothing stages, while still providing effective noise reduction. Faster subsequent EMAs contribute to this reduced lag.
🔍 Technical Note: The ratio-based alpha progression is crucial for balanced response. The ratio r is calculated as the cube root of 1/α₁, ensuring that the combined effect of all four EMAs creates a mathematically optimal response curve. All EMAs are initialized with the first source value rather than using progressive initialization, eliminating warm-up artifacts and providing consistent results from the first bar.
▶️ **Interpretation Details**
QEMA provides several key insights for traders:
When price crosses above QEMA, it signals the beginning of an uptrend with minimal delay
When price crosses below QEMA, it signals the beginning of a downtrend with minimal delay
The slope of QEMA provides immediate insight into trend direction and momentum
QEMA responds to price reversals significantly faster than other moving averages
Multiple QEMA lines with different periods can identify immediate support/resistance levels
QEMA is particularly valuable in fast-moving markets and for short-term trading strategies where speed of signal generation is critical. It excels at capturing the very beginning of trends and identifying reversals earlier than any other EMA-derived indicator. This makes it especially useful for breakout trading and scalping strategies where getting in early is essential.
▶️ **Limitations and Considerations**
Market conditions: Can generate excessive signals in choppy, sideways markets due to its extreme responsiveness
Overshooting: The aggressive lag reduction can create some overshooting during sharp reversals
Calculation complexity: Requires four separate EMA calculations plus coefficient application, making it computationally more intensive
Parameter sensitivity: Small changes in the base alpha or period can significantly alter behavior
Complementary tools: Should be used with momentum indicators or volatility filters to confirm signals and reduce false positives
▶️ **References**
Mulloy, P. (1994). "Smoothing Data with Less Lag," Technical Analysis of Stocks & Commodities .
Ehlers, J. (2001). Rocket Science for Traders . John Wiley & Sons.
Enhanced BTC Order Block IndicatorThe script you provided is an "Enhanced BTC Order Block Indicator" written in Pine Script v5 for TradingView. It is designed to identify and visually mark Order Blocks (OBs) on a Bitcoin (BTC) price chart, specifically tailored for a high-frequency scalping strategy on the 5-minute (M5) timeframe. Order Blocks are key price zones where institutional traders are likely to have placed significant buy or sell orders, making them high-probability areas for reversals or continuations. The script incorporates customizable filters, visual indicators, and alert functionality to assist traders in executing the strategy outlined earlier.
Key Features and Functionality
Purpose:
The indicator detects bullish Order Blocks (buy zones) and bearish Order Blocks (sell zones) based on a predefined percentage price movement (default 0.5–1%) and volume confirmation.
It marks these zones on the chart with colored boxes and provides alerts when an OB is detected.
User-Configurable Inputs:
Price Move Range: minMovePercent (default 0.5%) and maxMovePercent (default 1.0%) define the acceptable price movement range for identifying OBs.
Volume Threshold: volumeThreshold (default 1.5x average volume) ensures OB detection is backed by significant trading activity.
Lookback Period: lookback (default 10 candles) determines how many previous candles are analyzed to find the last candle before a strong move.
Wick/Body Option: useWick (default false) allows users to choose whether the OB zone is based on the candle’s wick or body.
Colors: bullishOBColor (default green) and bearishOBColor (default red) set the visual appearance of OB boxes.
Box Extension: boxExtension (default 100 bars) controls how far the OB box extends to the right on the chart.
RSI Filter: useRSI (default true) enables an RSI filter, with rsiLength (default 14), rsiBullishThreshold (default 50), and rsiBearishThreshold (default 50) for trend confirmation.
M15 Support/Resistance: useSR (default true) and srLookback (default 20) integrate M15 timeframe swing highs and lows for additional OB validation.
Core Logic:
Bullish OB Detection: Identifies a strong upward move (0.5–1%) with volume above the threshold. It then looks back to the last bearish candle before the move to define the OB zone. RSI > 50 and proximity to M15 support/resistance (optional) enhance confirmation.
Bearish OB Detection: Identifies a strong downward move (0.5–1%) with volume confirmation, tracing back to the last bullish candle. RSI < 50 and M15 resistance proximity (optional) add validation.
The OB zone is drawn as a rectangle from the high to low of the identified candle, extended rightward.
Visual Output:
Boxes: Uses box.new to draw OB zones, with left set to the previous bar (bar_index ), right extended by boxExtension, top and bottom defined by the OB’s high and low prices. Each box includes a text label ("Bullish OB" or "Bearish OB") and is semi-transparent.
Colors distinguish between bullish (green) and bearish (red) OBs.
Alerts:
Global alertcondition definitions trigger notifications for "Bullish OB Detected" and "Bearish OB Detected" when the respective conditions are met, displaying the current close price in the message.
Helper Functions:
f_priceChangePercent: Calculates the percentage price change between open and close prices.
isNearSR: Checks if the price is within 0.2% of M15 swing highs or lows for support/resistance confluence.
How It Works
The script runs on each candle, evaluating the current price action against the user-defined criteria.
When a bullish or bearish move is detected (meeting the percentage, volume, RSI, and S/R conditions), it identifies the preceding candle to define the OB zone.
The OB is then visualized on the chart, and an alert is triggered if configured in TradingView.
Use Case
This indicator is tailored for your BTC scalping strategy, where trades last 1–15 minutes targeting 0.3–0.5% gains. It helps traders spot institutional order zones on the M5 chart, confirmed by secondary M1 analysis, and integrates with your use of EMAs, RSI, and volume. The customizable settings allow adaptation to varying market conditions or personal preferences.
Limitations
The M15 S/R detection is simplified (using swing highs/lows), which may not always align perfectly with manual support/resistance levels.
Alerts depend on TradingView’s alert system and require manual setup.
Performance may vary with high volatility or low-volume periods, necessitating parameter adjustments.
Stochastic RSI with Alerts# Stochastic RSI with Alerts - User Manual
## 1. Overview
This enhanced Stochastic RSI indicator identifies overbought/oversold conditions with visual signals and customizable alerts. It features:
- Dual-line Stoch RSI (K & D)
- Threshold-based buy/sell signals
- Configurable alert system
- Customizable parameters
## 2. Installation
1. Open TradingView chart
2. Open Pine Editor (📈 icon at bottom)
3. Copy/paste the full code
4. Click "Add to Chart"
## 3. Input Parameters
### 3.1 Core Settings
| Parameter | Default | Description |
|-----------|---------|-------------|
| K | 3 | Smoothing period for %K line |
| D | 3 | Smoothing period for %D line |
| RSI Length | 14 | RSI calculation period |
| Stochastic Length | 14 | Lookback period for Stoch calculation |
| RSI Source | Close | Price source for RSI calculation |
### 3.2 Signal Thresholds
| Parameter | Default | Description |
|-----------|---------|-------------|
| Upper Limit | 80 | Sell signal threshold (overbought) |
| Lower Limit | 20 | Buy signal threshold (oversold) |
### 3.3 Alert Settings
| Parameter | Default | Description |
|-----------|---------|-------------|
| Enable Buy Alerts | True | Toggle buy notifications |
| Enable Sell Alerts | True | Toggle sell notifications |
| Custom Alert Message | Empty | Additional text for alerts |
## 4. Signal Logic
### 4.1 Buy Signal (Green ▲)
Triggers when:
\text{%K crossover %D} \quad AND \quad (\text{%K ≤ Lower Limit} \quad OR \quad \text{%D ≤ Lower Limit})
### 4.2 Sell Signal (Red ▼)
Triggers when:
\text{%K crossunder %D} \quad AND \quad (\text{%K ≥ Upper Limit} \quad OR \quad \text{%D ≥ Upper Limit})
## 5. Alert System
### 5.1 Auto-Generated Alerts
The script automatically creates these alert conditions:
- **Buy Signal Alert**: Triggers on valid buy signals
- **Sell Signal Alert**: Triggers on valid sell signals
Alert messages include:
- Signal type (Buy/Sell)
- Current %K and %D values
- Custom message (if configured)
### 5.2 Alert Configuration
**Method 1: Script-Generated Alerts**
1. Hover over any signal marker
2. Click the 🔔 icon
3. Select trigger conditions:
- "Buy Signal Alert"
- "Sell Signal Alert"
**Method 2: Manual Setup**
1. Open Alert creation window
2. Condition: Select "Stoch RSI Alerts"
3. Choose:
- "Buy Signal Alert" for long entries
- "Sell Signal Alert" for exits/shorts
## 6. Customization Tips
### 6.1 Threshold Adjustment
// For day trading (tighter ranges)
upperLimit = 75
lowerLimit = 25
// For swing trading (wider ranges)
upperLimit = 85
lowerLimit = 15
### 6.2 Visual Modifications
Change signal markers via:
- `style=` : Try `shape.labelup`, `shape.flag`, etc.
- `color=` : Use hex codes (#FF00FF) or named colors
- `size=` : `size.tiny` to `size.huge`
## 7. Recommended Use Cases
1. **Mean Reversion Strategies**: Pair with support/resistance levels
2. **Trend Confirmation**: Filter with 200EMA direction
3. **Divergence Trading**: Compare with price action
## 8. Limitations
- Works best in ranging markets
- Combine with volume analysis for confirmation
- Not recommended as standalone strategy
---
This documentation follows technical writing best practices with:
- Clear parameter tables
- Mathematical signal logic
- Visual hierarchy
- Practical examples
- Usage recommendations
CANX Supply and Demand - Order Block - Candle Identification© CanxStixTrader
CANX Supply and Demand - Order Block - Candle Identification
Description
Designed as a visual aid, to highlight the last up or down candle before a fractal break. We can assume these candles where the point of origin that generated enough strength to break recent structure. By using them as reference points, traders are expected to follow their own set of rules and mark higher probability supply and demand zones in the area.
How to use:
Expect price to retest in these areas, and if they fail, a potential retest in the opposite direction . The greater the number of times a zone is tested, the more likely it is to break. A fresh zone that has not yet been tested will have a higher probability of a bounce.
Fractal period and candle break type can be customized in the settings. This works on all time frames.
**The indicator is set to my optimal settings for the 5 minute or 15 minute time frame** Please mess around to find your comfort zone and back test the results.
The lower the period number the more noise this creates on the market. The higher the number the less noise and more potential for a stronger zone.
Keep it simple
