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Directional Movement Index (DMI) + AlertsThis is a Study with associated visual indicators and Bullish/Bearish Alerts for Directional Movement (DMI). It consists of an Average Directional Index (ADX), Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Published by J. Welles Wilder in 1978 for use with currencies and commodities which are typically more volatile than stocks and have stronger trends. Development Notes --------------------------- This indicator, and most of the descriptions below, were derived largely from the TradingView reference manual. Feedback and suggestions for improvement are more than welcome, as well are recommended Input settings and best practices for use. tradingview.com/chart/?solution=43000502250 Strategy Description --------------------------- ADX defines whether or not there is a trend present; +DI and -DI compliment the ADX by taking direction into account. An ADX above 25 indicates a strong trend, and a Bullish alert is subsequently triggered when +DI is above -DI and a Bearish alert when -DI is above +DI. Note that the Bullish or Bearish crossover alert will only trigger if ADX is simultaneously above 25 during the crossover event. If ADX later rises to 25 and +DI is still greater than -DI, or -DI greater than +DI, then a delayed alert will not trigger by design. Basic Use --------------------------- Acceptable DMI values are up to the trader's interpretation and may change depending on the financial instrument being examined. Recommend not changing any default values without being first familiar with their purpose and impact on the indicator at large. Confidence in price action and trend is higher when two or more indicators are in agreement -- therefore we recommend not using this indicator by itself to determine entry or exit trade opportunities. Recommend also choosing 'Once Per Bar Close' when creating alerts. Inputs --------------------------- ADX Smoothing - the time period to be used in calculating the ADX which has a smoothing component (14 is the Default). DI Length - the time period to be used in calculating the DI (14 is the Default). Key Level - any trade with the ADX above the key level is a strong indicator that it is trending (23 to 25 is the suggested setting). Sensitivity - an incremental variable to test whether the past n candles are in the same bullish or bearish state before triggering a delayed crossover alert (3 is the Default). Filter out some noise and reduces active alerts. Show ADX Option - two visual styles are provided for user preference, a visible ADX line or a background overlay (green or red when ADX is above the key level, for bullish or bearish, and gray when below). Color Candles - an option to transpose the bullish and bearish crossovers to the main candle bars. Can be turned off in the Style Tab by deselecting 'Bar Colors'. Dark blue is bullish, dark purple is bearish, and the black inner color is neutral. Note that the outer red and green border will still be distinguished by whether each individual candle is bearish or bullish during the specified timeframe. Indicator Visuals --------------------------- Bullish or Bearish plot based on DMI strategy (ADX and +/-DI values). Visual cues are intended to improve analysis and decrease interpretation time during trading, as well as to aid in understanding the purpose of this study and how its inclusion can benefit a comprehensive trading strategy. Trend Strength --------------------------- To analyze trend strength, the focus should be on the ADX line and not the +DI or -DI lines. An ADX reading above 25 indicates a strong trend, while a reading below 20 indicates a weak or non-existent trend. A reading between those two values would be considered indeterminable. Though what is truly a strong trend or a weak trend depends on the financial instrument being examined; historical analysis can assist in determining appropriate values. Bullish DI Cross --------------------------- 1. ADX must be over 25 (strong trend) (value is determined by the trader) 2. +DI cross above -DI 3. Set Stop Loss at the current day's low (any +DI cross-backs below -DI should be ignored) 4. Set trailing stop if ADX strengthens (i.e., signal rises) Bearish DI Cross --------------------------- 1. ADX must be over 25 (strong trend) (value is determined by the trader) 2. -DI cross above +DI 3. Set Stop Loss at the current day's high (any -DI cross-backs below +DI should be ignored) 4. Set trailing stop if ADX strengthens (i.e., signal rises) Disclaimer --------------------------- This post and the script are not intended to provide any financial advice. Trade at your own risk. No known repainting. Version 1.1 ------------------------- - Added multi-timeframe resolution using PineCoders secure security function to eliminate repainting. - Cleaned up option for selecting ADX view; and added a colored line as a choice, based on same bullish, bearish, or neutral colors as the background. - Added exit crossover indicator to aid in an overall strategy development. This ability pairs better with my CHOP Zone Entry Strategy which relies on DMI Exits. Note that exit conditions don't employ the sensitivity variable. Green labels are for Bullish exits and red are for Bearish. -- Exit condition is triggered if in an active Bullish or Bearish position and ADX drops below 25, Or if either the -DI crosses above +DI (for previously Bullish) or +DI crosses above -DI (for previously Bearish). - Added reverse position determination. Triggers when a Bullish entry occurs on the same candle as a Bearish exit, or vice versa. Green labels are for Bullish reverses and red are for Bearish. - Added selectable option to choose visible labels -- Bearish, Bullish, Both, Exits, Reverses, or All. -- Note that a reverse label will only show if the opposing entry and exit labels are set to show, otherwise the reverse will revert to the appropriate entry or exit on the chart. - Added alerts to account for new conditions. -- Note that alerts for crossovers, exits, and reverses will only be triggered if the associated labels are selected to be shown (i.e., what you choose to see on the chart is what you will be alerted to). Version 1.2 ------------------------- - Changed exit condition to be decided on by whether ADX is below 25 and on a +/-DI crossover. Versus being either or. The previous version had too many false triggers. This variety can now show multiple Bullish or Bearish alerts before an Exit condition too. I'm tempted to simply make this condition based on ADX, and not DI … thoughts? See lines 138 and 139. - Updated the Background view to have deeper shades of colors dependent upon the ADX trend strength. - Added an Oscillator view for the ADX and momentum computations to color the histogram by trend. DI lines are hidden. -- If ADX is Bullish, then the oscillator is colored light green in an uptrend and dark green in a downtrend; if Bearish, then its light red in an uptrend and dark redin a downtrend; if adx is below key level, then it is light gray in a downtrend and dark grey in the uptrend. - Added option to Hide ADX in case only the Directional lines are desired. This could be useful if you would like to have the ADX oscillator in one panel and +/-DI crossovers in another. - Added a Columnar view for the ADX. DI lines are hidden. This view is really simple and compact, with the trend strength still easily understood. Colors are the same as for the oscillator -- the deeper the shade of green or red, then the higher the ADX trend strength level. - Added a Trend Strength label. ADX Trend Strength Trade (Y/N) Setup Types 0 to 10 = Barely Breathing N N/A 10 to 20 = Weak Trend Y Range/Pre-Breakout 20 to 30 = Potentially Starting to Trend Y Early Stage Trend 30 to 50 = Strong Trend Y Ride the Wave 50 to 75 = Very Strong Trend N Exhaustion 75 to 100 = Extremely Strong Trend N N/A Version 1.3 ------------------------- Updated to Pine Script v5 to resolve errors from the deprecated v4 version. This is a reissue of a previously published script that was hidden due to a v4 compatibility issue. 'https://www.tradingview.com/script/9OoEHrv5-Directional-Movement-Index-DMI-Alerts/'
Pine Script® indicator
by IronCasper
Model+ - Dynamic Trendlines//@version=5 indicator("Model+ - Dynamic Trendlines", overlay=true) // === Helper: Detect Swing Highs and Lows === isSwingLow(idx) => low < low and low < low isSwingHigh(idx) => high > high and high > high // === Function to find trendlines === findTrendline(_isLow, length) => var float point1 = na var float point2 = na var int idx1 = na var int idx2 = na for i = length to 1 by -1 if _isLow ? isSwingLow(i) : isSwingHigh(i) if na(point1) point1 := _isLow ? low : high idx1 := bar_index - i else if na(point2) point2 := _isLow ? low : high idx2 := bar_index - i break slope = (point2 - point1) / (idx2 - idx1) offset = bar_index - idx2 start = point2 + slope * (-offset) end = point2 + slope * (1 - offset) // === Dynamic detection per timeframe === timeframeName = timeframe.period len = switch timeframeName "D" => 50 "W" => 30 "M" => 20 => 50 // === Detect trendlines === = findTrendline(true, len) = findTrendline(false, len) // === Draw lines === var line trendSupport = na var line trendResistance = na if not na(startLow) and not na(endLow) line.delete(trendSupport) trendSupport := line.new(x1=bar_index - 1, y1=startLow, x2=bar_index, y2=endLow, color=color.green, width=2, style=line.style_solid) if not na(startHigh) and not na(endHigh) line.delete(trendResistance) trendResistance := line.new(x1=bar_index - 1, y1=startHigh, x2=bar_index, y2=endHigh, color=color.red, width=2, style=line.style_solid) // === Support/Resistance Horizontal (based on swing points) === getHorizontalLevels(n) => var float support = na var float resistance = na for i = n to 1 by -1 if isSwingLow(i) and na(support) support := low if isSwingHigh(i) and na(resistance) resistance := high if not na(support) and not na(resistance) break = getHorizontalLevels(len) var line srSupportLine = na var line srResistanceLine = na if not na(supportLine) line.delete(srSupportLine) srSupportLine := line.new(x1=bar_index - len, y1=supportLine, x2=bar_index, y2=supportLine, color=color.green, style=line.style_dashed) if not na(resistanceLine) line.delete(srResistanceLine) srResistanceLine := line.new(x1=bar_index - len, y1=resistanceLine, x2=bar_index, y2=resistanceLine, color=color.red, style=line.style_dashed)
Pine Script® indicator
by yoseftm26
XAUUSA Sniping SMA by Time/Trend with BBPT trend alignmentThis indicator is designed to trade XAUUSD and has defaults set during the hours (Central Time) that gold usually falls and when it usually rises. Using the input form defaults and a 1 to 3 minute timeframe on your chart is best. Don't take trades during the no-trade times (white line) and do trade when the line changes to either green or red. The first few bars going with the trend are high probability but as the trend fades the line will change to orange (caution signal) when the trend is likely over for the moment. This indicator is best used with the BBPT indicator that shows bull/bear strength. When the BBPT trend line is rising, pair with the green line in this indicator and when the BBPT trend is falling pair with the red line in this indicator for some high probability trades.
Pine Script® indicator
by jbrenttuttle
NY Open Market Condition Analyzer – TTR & RINY Open Market Condition Analyzer – TTR & RI Built for MNQ/NQ futures scalpers, this indicator filters out weak sessions and highlights when conditions at the **New York Open (6:30–8:30AM PST)** align with high-probability setups. 📊 Core Strategy Filters TTR = Total Trading Range (2:00–6:30AM PST premarket movement) RI = Reactive Impulse (first 5-minute candle size) VWAP Clearance = directional clarity 🎯 Primary Objective This tool helps you: Skip indecisive sessions (often Mondays/Fridays) Trade only when structural volatility and momentum support your scalping edge Save mental capital by confirming setup quality *before* taking trades ✅ Features 🧠 Smart Session Filter Automatically scans for 3 key signals: - Premarket Range ≥ customizable threshold (default: 15 points) - Opening Candle Impulse ≥ customizable threshold (default: 10 points) - Price Distance from VWAP ≥ customizable threshold (default: 5 points) 🎨 Visual Feedback Background Color - 🟩 Green = Strong Session (GOOD SETUP) - 🟥 Red = Weak Structure (SKIP) Labels & Shapes** at 6:30AM PST 📋 Dashboard Panel (6:30AM PST) Displays key live metrics: Premarket Range First 5-minute Candle Body Size VWAP Distance Overall Setup Signal (✅ or ⚠️) 🔔 Real-Time Alert System Get notified right at the NY open if a “GOOD SETUP” is detected. 🛠️ Configurable Settings 🔧 Minimum Premarket Range 🔧 Minimum Candle Body Size 🔧 Minimum VWAP Distance 🎨 Custom Colors for: - Session Quality - Dashboard - VWAP / Range Lines 🔔 How to Add the Alert Load this script on your MNQ chart. Click the **"Alerts" tab** (🔔 icon on the right sidebar). Click **"+ Create Alert"**. For **Condition**, select: - `NY Open Market Condition Analyzer – TTR & RI` → `Good Setup Alert` Set **Alert Action** (app push, email, webhook, etc.) Set **"Only Once Per Bar"** to ensure you’re only notified once at 6:30AM PST. 🧪 Best For NQ/MNQ scalpers using 1R setups (10–30pt targets) Traders who want to avoid Mondays/Fridays unless structure proves otherwise Structure-first discretionary or semi-systematic traders 🧠 Pro Tip Pair this with: Session VWAP Pre-market S/R zones Opening Range Breakout strategies This tool ensures you’re only hunting on the right terrain.
Pine Script® indicator
by valmont33
Parsifal.Swing.CompositeThe Parsifal.Swing.Composite indicator is a module within the Parsifal Swing Suite, which includes a set of swing indicators such as: • Parsifal Swing TrendScore • Parsifal Swing Composite • Parsifal Swing RSI • Parsifal Swing Flow Each module serves as an indicator facilitating judgment of the current swing state in the underlying market. ________________________________________ Background Market movements typically follow a time-varying trend channel within which prices oscillate. These oscillations—or swings—within the trend are inherently tradable. They can be approached: • One-sidedly, aligning with the trend (generally safer), or • Two-sidedly, aiming to profit from mean reversions as well. Note: Mean reversions in strong trends often manifest as sideways consolidations, making one-sided trades more stable. ________________________________________ The Parsifal Swing Suite The modules aim to provide additional insights into the swing state within a trend and offer various trigger points to assist with entry decisions. All modules in the suite act as weak oscillators, meaning they fluctuate within a range but are not bounded like true oscillators (e.g., RSI, which is constrained between 0% and 100%). ________________________________________ The Parsifal.Swing.Composite – Specifics This module consolidates multiple insights into price swing behavior, synthesizing them into an indicator reflecting the current swing state. It employs layered bagging and smoothing operations based on standard price inputs (OHLC) and classical technical indicators. The module integrates several slightly different sub-modules. Process overview: 1. Per candle/bin, sub-modules collect directional signals (up/down), with each signal casting a vote. 2. These votes are aggregated via majority counting (bagging) into a single bin vote. 3. Bin votes are then smoothed, typically with short-term EMAs, to create a sub-module vote. 4. These sub-module votes are aggregated and smoothed again to generate the final module vote. The final vote is a score indicating the module’s assessment of the current swing state. While it fluctuates in a range, it's not a true oscillator, as most inputs are normalized via Z-scores (value divided by standard deviation over a period). • Historically high or low values correspond to high or low quantiles, suggesting potential overbought or oversold conditions. • The chart displays a fast (orange) and slow (white) curve against a solid background state. • Extreme values followed by curve reversals may signal upcoming mean-reversions. Background Value: • Value > 0: shaded green → bullish mode • Value < 0: shaded red → bearish mode • The absolute value indicates confidence in the mode. ________________________________________ How to Use the Parsifal.Swing.Composite Several change points in the indicator serve as potential entry triggers: • Fast Trigger: change in slope of the fast curve • Trigger: fast line crossing the slow line or change in the slow curve’s slope • Slow Trigger: change in sign of the background value These are illustrated in the introductory chart. Additionally, market highs and lows aligned with swing values may act as pivot points, support, or resistance levels for evolving price processes. ________________________________________ As always, supplement this indicator with other tools and market information. While it provides valuable insights and potential entry points, it does not predict future prices. It reflects recent tendencies and should be used judiciously. ________________________________________ Extensions All modules in the Parsifal Swing Suite are simple yet adaptable, whether used individually or in combination. Customization options: • Weights in EMAs for smoothing are adjustable • Bin vote aggregation (currently via sum-of-experts) can be modified • Alternative weighting schemes can be tested Advanced options: • Bagging weights may be historical, informational, or relevance-based • Selection algorithms (e.g., ID3, C4.5, CAT) could replace the current bagging approach • EMAs may be generalized into expectations relative to relevance-based probability • Negative weights (akin to wavelet transforms) can be incorporated
Pine Script® indicator
by parsifaltrading
BTC Fair Value via Global Liquidity📈 BTC Fair Value via Global Liquidity This indicator estimates Bitcoin's fair value based on a regression model using Global Liquidity (GLI) data from major central banks. 🔍 How it works: Fair Value Line (orange): Calculated using a power-law model: Fair Value = e^b * (GLI)^a, where a and b are user-defined parameters based on historical regression. Global Liquidity (GLI): Combines liquidity metrics from central banks (Fed, ECB, PBoC, BoJ, etc.), including adjustments for the RRP and TGA. Deviation Bands (green/red dashed): Optional upper and lower bands showing % deviation from fair value (default ±25%). These help identify overbought/oversold conditions. Delta Plot (gray dots): Displays the % deviation of BTC’s price from its modeled fair value. ⚙️ How to use: Tune a and b for better model fitting (e.g., via log-log regression). Use the deviation bands to identify potential entry/exit zones or periods of market inefficiency. Ideal for macro-level BTC valuation and long-term strategic analysis.
Pine Script® indicator
by simonweisser_business
Tolga's EMA Scalper – Buy / SellEMA line – Calculates a 20‑period Exponential Moving Average (EMA) of the chosen price series (close by default) and plots it in blue. 8‑bar range – Finds the highest and lowest closing prices over the last 8 bars and plots them as a red upper band and a green lower band, giving you a mini‑range reference. Buy / Sell signals – Sell: When price crosses the EMA and the current close is lower than the previous close, a red “Sell” arrow appears above the bar. Buy: When price crosses the EMA and the current close is higher than the previous close, a green “Buy” arrow appears below the bar. Alerts – Two alertcondition rules let TradingView fire alerts whenever a buy or sell signal is generated.
Pine Script® indicator
by darkktrader
ES/MES 5-of-9 Strategy w/ Alerts, Stops & TP Targets✅ Strategy Summary: ES/MES 5-of-9 Confluence Script 📊 Entry System 9 indicators used for signal confluence: EMA (20 & 50 crossover + price location) RSI (momentum confirmation) MACD (trend/momentum confirmation) VWAP (institutional sentiment) Bollinger Bands (volatility breakout) Stochastic Oscillator (reversal potential) OBV (volume trend confirmation) ATR (volatility context) Optional Fibonacci (manual) Entry Trigger: When 5 or more of the 9 indicators align in one direction Separate conditions for long and short entries 🔔 Alerts Built-in TradingView alerts for: ✅ Long Entry Alert (5+ bullish signals) ✅ Short Entry Alert (5+ bearish signals) 📈 Chart Visuals 📍 Entry markers: Green triangle below bar = Long Entry Red triangle above bar = Short Entry 🧮 Live Score Label (displays “Score: X/9” above the bar) 🛑 Trailing Stop Suggestions 📉 ATR-based trailing stop Customizable multiplier (default: 1.5x ATR) Plotted at entry 📉 EMA20 trailing stop Optional second dynamic stop guide 🎯 Take-Profit Levels Automatically calculated from entry price using ATR risk distance: TP1 = 1:1 Risk/Reward (customizable) TP2 = 2:1 Risk/Reward (customizable) Plotted as horizontal lines for both long and short entries ⚙️ User Controls Toggle visibility for: ATR trailing stop EMA20 trailing stop Take-profit lines Customizable inputs for: ATR multiplier Risk-reward ratios (TP1 & TP2)
Pine Script® indicator
by scottsands
21 EMA + VWAP Trend Bias 21 EMA + VWAP Trend Bias This indicator combines the 21-period Exponential Moving Average (EMA) and the Volume-Weighted Average Price (VWAP) to provide a simple yet effective visual trend bias tool. 🔍 Core Features: 21 EMA Line (Orange): Tracks the short-to-mid-term price trend. VWAP Line (Blue): Reflects the average trading price, weighted by volume, often used by institutional traders. Trend Bias Highlight: Green Background: Bullish bias — price is above both the 21 EMA and VWAP. Red Background: Bearish bias — price is below both the 21 EMA and VWAP. No Background: Neutral or mixed signals. ⚙️ Use Cases: Quickly assess market trend direction at a glance. Confirm entry or exit signals with dual-layer trend validation. Great for intraday and swing traders who value clean, unobtrusive chart setups.
Pine Script® indicator
by frazerlittle
Pivot Candle PatternsPivot Candle Patterns Indicator Overview The PivotCandlePatterns indicator is a sophisticated trading tool that identifies high-probability candlestick patterns at market pivot points. By combining Williams fractals pivot detection with advanced candlestick pattern recognition, this indicator targets the specific patterns that statistically show the highest likelihood of signaling reversals at market tops and bottoms. Scientific Foundation The indicator is built on extensive statistical analysis of historical price data using a 42-period Williams fractal lookback period. Our research analyzed which candlestick patterns most frequently appear at genuine market reversal points, quantifying their occurrence rates and subsequent success in predicting reversals. Key Research Findings: At Market Tops (Pivot Highs): - Three White Soldiers: 28.3% occurrence rate - Spinning Tops: 13.9% occurrence rate - Inverted Hammers: 11.7% occurrence rate At Market Bottoms (Pivot Lows): - Three Black Crows: 28.4% occurrence rate - Hammers: 13.3% occurrence rate - Spinning Tops: 13.1% occurrence rate How It Works 1. Pivot Point Detection The indicator uses a non-repainting implementation of Williams fractals to identify potential market turning points: - A pivot high is confirmed when the middle candle's high is higher than surrounding candles within the lookback period - A pivot low is confirmed when the middle candle's low is lower than surrounding candles within the lookback period - The default lookback period is 2 candles (user adjustable from 1-10) 2. Candlestick Pattern Recognition At identified pivot points, the indicator analyzes candle properties using these parameters: - Body percentage threshold for Spinning Tops: 40% (adjustable from 10-60%) - Shadow percentage threshold for Hammer patterns: 60% (adjustable from 40-80%) - Maximum upper shadow for Hammer: 10% (adjustable from 5-20%) - Maximum lower shadow for Inverted Hammer: 10% (adjustable from 5-20%) 3. Pattern Definitions The indicator recognizes these specific patterns: Single-Candle Patterns: - Spinning Top : Small body (< 40% of total range) with significant upper and lower shadows (> 25% each) - Hammer : Small body (< 40%), very long lower shadow (> 60%), minimal upper shadow (< 10%), closing price above opening price - Inverted Hammer : Small body (< 40%), very long upper shadow (> 60%), minimal lower shadow (< 10%) Multi-Candle Patterns: - Three White Soldiers : Three consecutive bullish candles, each closing higher than the previous, with each open within the previous candle's body - Three Black Crows : Three consecutive bearish candles, each closing lower than the previous, with each open within the previous candle's body 4. Visual Representation The indicator provides multiple visualization options: - Highlighted candle backgrounds for pattern identification - Text or dot labels showing pattern names and success rates - Customizable colors for different pattern types - Real-time alert functionality on pattern detection - Information dashboard displaying pattern statistics Why It Works 1. Statistical Edge Unlike traditional candlestick pattern indicators that simply identify patterns regardless of context, PivotCandlePatterns focuses exclusively on patterns occurring at statistical pivot points, dramatically increasing signal quality. 2. Non-Repainting Design The pivot detection algorithm only uses confirmed data, ensuring the indicator doesn't repaint or provide false signals that disappear on subsequent candles. 3. Complementary Pattern Selection The selected patterns have both: - Statistical significance (high frequency at pivots) - Logical market psychology (reflecting institutional supply/demand changes) For example, Three White Soldiers at a pivot high suggests excessive bullish sentiment reaching exhaustion, while Hammers at pivot lows indicate rejection of lower prices and potential buying pressure. Practical Applications 1. Reversal Trading The primary use is identifying potential market reversals with statistical probability metrics. Higher percentage patterns (like Three White Soldiers at 28.3%) warrant more attention than lower probability patterns. 2. Confirmation Tool The indicator works well when combined with other technical analysis methods: - Support/resistance levels - Trend line breaks - Divergences on oscillators - Volume analysis 3. Risk Management The built-in success rate metrics help traders properly size positions based on historical pattern reliability. The displayed percentages reflect the probability of the pattern successfully predicting a reversal. Optimized Settings Based on extensive testing, the default parameters (Body: 40%, Shadow: 60%, Shadow Maximums: 10%, Lookback: 2) provide the optimal balance between: - Signal frequency - False positive reduction - Early entry opportunities - Pattern clarity Users can adjust these parameters based on their timeframe and trading style, but the defaults represent the statistically optimal configuration. Complementary Research: Reclaim Analysis Additional research on "reclaim" scenarios (where price briefly breaks a level before returning) showed: - Fast reclaims (1-2 candles) have 70-90% success rates - Reclaims with increasing volume have 53.1% success rate vs. decreasing volume at 22.6% This complementary research reinforces the importance of candle patterns and timing at critical market levels.
Pine Script® indicator
by mindyourbuisness
Aroon Buy & Sell (5m Trend, 100% Signal on 1m)Purpose of the Script: This Pine Script creates a buy and sell signal system that: Tracks trend direction on the 5-minute (5m) chart using Aroon indicators. Generates buy and sell signals on the 1-minute (1m) chart based on the 5-minute trend and when Aroon Up/Down reaches 100%. Components of the Script: 1. Aroon Calculation Function (f_aroon): This function calculates the Aroon Up and Aroon Down values based on the high and low of the last 14 bars: Aroon Up: Measures how recently the highest high occurred over the last 14 bars. Aroon Down: Measures how recently the lowest low occurred over the last 14 bars. Both values are expressed as a percentage: Aroon Up is calculated by 100 * (14 - barssince(high == highest(high, 14))) / 14 Aroon Down is calculated by 100 * (14 - barssince(low == lowest(low, 14))) / 14 2. Getting Aroon Values for 5m and 1m: aroonUp_5m, aroonDown_5m: These are the Aroon values calculated from the 5-minute chart (Aroon Up and Aroon Down). aroonUp_1m, aroonDown_1m: These are the Aroon values calculated for the 1-minute chart, on which we will plot the signals. 3. Trend Detection (5-minute): Bullish trend: When the Aroon Up crosses above the Aroon Down on the 5-minute chart, indicating a potential upward movement (uptrend). Bearish trend: When the Aroon Down crosses above the Aroon Up on the 5-minute chart, indicating a potential downward movement (downtrend). These are detected using ta.crossover() functions: bullishCross_5m: Detects when Aroon Up crosses above Aroon Down. bearishCross_5m: Detects when Aroon Down crosses above Aroon Up. We then track these crossovers using two variables: inBullishTrend_5m: This is set to true when we are in a bullish trend (Aroon Up crosses above Aroon Down on 5m). inBearishTrend_5m: This is set to true when we are in a bearish trend (Aroon Down crosses above Aroon Up on 5m). 4. Cooldown Logic: This prevents the signals from repeating too frequently: buyCooldown: Ensures that a buy signal is only generated every 20 bars (approx. every 100 minutes). sellCooldown: Ensures that a sell signal is only generated every 20 bars (approx. every 100 minutes). We use: buyCooldown := math.max(buyCooldown - 1, 0) and sellCooldown := math.max(sellCooldown - 1, 0) to decrease the cooldown over time. 5. Buy/Sell Signal Logic: Buy signal: A buy signal is generated when: The 5-minute trend is bullish (Aroon Up > Aroon Down on 5m). Aroon Down on the 1-minute chart reaches 100% (indicating an extreme oversold condition in the context of the current bullish trend). The signal is only generated if the cooldown (buyCooldown == 0) allows it. Sell signal: A sell signal is generated when: The 5-minute trend is bearish (Aroon Down > Aroon Up on 5m). Aroon Up on the 1-minute chart reaches 100% (indicating an extreme overbought condition in the context of the current bearish trend). The signal is only generated if the cooldown (sellCooldown == 0) allows it. 6. Plotting the Signals: Plot Buy Signals: When a buy signal is triggered, a green "BUY" label is plotted below the bar. Plot Sell Signals: When a sell signal is triggered, a red "SELL" label is plotted above the bar. The signal conditions are drawn on the 1-minute chart but rely on the trend from the 5-minute chart. 7. Alert Conditions: Alert for Buy signal: An alert is triggered when the buy signal condition is met. Alert for Sell signal: An alert is triggered when the sell signal condition is met. How It Works: Trend Tracking (5m): The script looks for the trend on the 5-minute chart (bullish or bearish based on Aroon Up/Down crossover). Signal Generation (1m): The script then checks the 1-minute chart for an Aroon value of 100% (for either Aroon Up or Aroon Down). Signals: Based on the trend, if the conditions are met, the script plots buy/sell signals and sends an alert. Key Points: 5-minute trend: The script determines the market trend on the 5-minute chart. 1-minute signal: Signals are plotted on the 1-minute chart based on Aroon values reaching 100%. Cooldown: Prevents signals from repeating too frequently.
Pine Script® indicator
by jaydipali622018
DDDDD: ATR & ADR Table + Suggested Time-based Exit📈 DDDDD: ATR & ADR Table + Suggested Time-based Exit This indicator provides a simple yet powerful table displaying key volatility metrics for any timeframe you apply it to. It is designed for traders who want to assess the volatility of an asset, estimate the average time required for a potential move, and define a time-based exit strategy. 🔍 Features: Displays ATR (Average True Range) for the selected length Shows Average Range (High-Low) and Maximum Range over a configurable number of bars Calculates Avg Bars/Move → average number of bars needed to achieve the maximum range Calculates Recommended Exit Bars → suggested maximum holding period (in bars) before considering an exit if price hasn’t moved as expected All values dynamically adjust based on the chart’s current timeframe Outputs values directly in a table overlay on your main chart for quick reference 📝 How to interpret the table: Field Meaning ATR (14) Average True Range over the last 14 bars (volatility indicator) Avg Range (20) Average High-Low range over the last 20 bars Max Range Maximum High-Low range observed in the last 20 bars Avg Bars/Move Average number of bars it takes to achieve a Max Range move Rec. Exit Bars Suggested max holding period (bars) → consider exit if move hasn’t occurred ✅ How to use: Apply this indicator to any chart (works on minutes, hourly, daily, weekly…) It will automatically calculate based on the chart’s current timeframe Use ATR & Avg Range to gauge volatility Use Avg Bars/Move to estimate how long the market usually takes to achieve a big move Use Rec. Exit Bars as a soft stop — if price hasn’t moved by this time, consider exiting due to declining probability of a breakout ⚠️ Notes: All values are relative to your current chart timeframe. For example: → On a daily chart, ATR represents daily volatility → On a 1H chart, ATR represents hourly volatility “Bars” refers to the bars of the current timeframe. Always interpret time accordingly. Perfect for traders who want to: Time their trades based on average volatility Avoid overholding losing positions Set time-based exit rules to complement price-based stoplosses
Pine Script® indicator
by hello9dean
Инвертированный мультиактивный индекс страха и жадностиWhat is the opposite of fear and greed? Correct, love. The idea of an indicator is that if you take indexes of fear and greed for the top 3 corellated assets with the current one and weight the result by the index of corellations, you can see 2 things. one is tops and bottoms of an assets movements as measured by the inverted fear and greed index, and the other is that you can see the cycles of when the asset gets corellated and de-corellated, becoming stronger or weaker then the corellated asset's index. Turn off the average blue line in settings - it's useless. Cheers, love Eugene
Pine Script® indicator
by cybermediaboy