Pineify - Signals & Overlays

Indicator Theoretical Basis

The Pineify® Signals & Overlays™ indicator is built upon Dow Theory principles, which identify primary and secondary market trends through systematic price analysis. This comprehensive system combines multiple proven technical methodologies to create a unified trend-following and reversal-detection framework. The indicator synthesizes quantitative momentum analysis with qualitative trend assessment, providing traders with a complete market perspective across multiple timeframes.
This versatile indicator is suitable for various trading styles and timeframes, also has Beginner-Friendly presets to enable multiple features at once within one-click.

Key Features

Trend Confirmation

Trend Confirmation: This indicator presents two types of market trends: the primary trend and the secondary trend. The primary trend is the long - term direction of the market and can last for days or months; the secondary trend is the adjustment phase within the primary trend.

This indicator uses the EMA (Exponential Moving Average) and visualizes the trend phases through color filling. The judgment of the trend is that blue plus green indicates a bullish trend, and yellow plus red indicates a bearish trend.

The primary trend of this indicator is visualized by two sets of moving averages through color filling. These two sets of moving averages are used to describe the short - term and long - term trends in the market.

The short - period moving averages and the long - period moving averages each consist of 4 moving averages, with a total of 8 moving averages, representing the short - term fluctuations and trends of the market.

Trend Persistence: Once the primary trend is formed, it will persist for a period of time. This indicator judges based on the Dow Theory. Short - term market fluctuations do not necessarily reflect changes in the primary trend. Therefore, the judgment direction of the primary trend is visualized through color.



The Signals of Buying, Selling and Closing

In the primary trend, we can see signals of trend reversal. This indicator incorporates the "Consecutive Candles". The indicator mainly identifies the overbought or oversold state of the market through a series of consecutive conditions, so as to predict the reversal point. The core of this indicator is to identify a series of consecutive price movements in the market trend and determine whether the market is about to reverse based on this sequence. We visualize the turning points through buy and sell signals.

The trend confirmation system utilizes four pairs of Exponential Moving Averages (EMAs) creating dynamic cloud formations that visualize market direction. Short-period EMAs (5, 8, 20, 34) interact with longer-period EMAs (9, 13, 21, 50) to generate color-coded trend clouds [1]. Blue and green clouds indicate bullish conditions, while yellow and red clouds signal bearish trends, providing immediate visual trend identification.



The presentation of buying and selling points, namely "Quantitative Qualitative Estimation", is a technical indicator that combines the concepts of the Relative Strength Index (RSI) and moving averages. It is used to evaluate market trends, overbought and oversold conditions, as well as potential trend reversal points. The oscillator has a relatively long smoothing period, making the indicator relatively stable, thus enabling the visualization of buy + and sell + signals for trading.

ATR Stop - Loss Line
ATR (Average True Range) is an indicator for measuring market volatility. By using the ATR value to set the stop - loss distance, the stop - loss level can be automatically adjusted according to market volatility, making the stop - loss more flexible.



Recommended parameters

• RSI Length: 14 (QQE calculation base)
  
• QQE Factor: 4.238 (Fibonacci-based multiplier)
  
• ATR Period: 21 (volatility measurement)
  
• EMA Lengths: Configurable short (5,8,20,34) and long (9,13,21,50) periods
  
• Consecutive Candles: Selectable count (8)
  
• Multi-timeframe Filter: Filter is enabled by default, resulting in more accurate signals.
  

Filters

The multi-timeframe filter enhances signal reliability by confirming trends across higher timeframes. This prevents counter-trend trades by ensuring alignment between current chart timeframe and broader market direction. The filter automatically calculates appropriate higher timeframes for trend confirmation.

Signals & Alerts

The indicator system exports multiple alert signals, and you can easily alert for any signal.

• Up Trend: Primary long signal appears
  
• Long - ▲: Buy signal appears
  
• Long - ▲+: Confirmation buy signal appears
  
• Long - ●: Primary reversal signal appears
  
• Long - ☓: Secondary reversal signal appears
  
• Down Trend: Primary short signal appears
  
• Short - ▼: Sell signal appears
  
• Short - ▼+: Confirmation sell signal appears
  
• Short - ●: Primary reversal signal appears
  
• Short - ☓: Secondary reversal signal appears
  

Conclusion

This indicator uniquely combines momentum analysis (QQE), trend identification (EMA clouds), reversal detection (Consecutive Candles), and risk management (ATR) into one comprehensive system. The multi-timeframe filtering adds institutional-grade sophistication, making it suitable for both retail and professional traders seeking reliable trend-following signals with precise entry and exit timing.

Risk Disclaimer

Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.

Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (Pineify) shall not be held responsible for any trading losses incurred as a result of using this indicator.

Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.

Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.

No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.