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Candlestick analysis

Elliott Wave Auto + Fib Targets + Scalper Strategy (Fixed)// Elliott Wave Auto + Fib Targets + Scalper Strategy // // Fixed by expert trader: // - Replaced table with label-based visualization to avoid 'Column 2 is out of table bounds' error. // - Uses label.new to display buy/sell signal counts in top-right corner, mimicking table layout. // - Fixed array.sum() error: Replaced invalid range-based array.sum() with custom sum_array_range() function. // - Removed barstate usage to fix 'Undeclared identifier barstate' error. // - Replaced barstate.isconfirmed with true (process every bar). // - Replaced barstate.isfirstconfirmed with bar_index == 0 (first bar). // - Replaced strategy.alert with label.new for long/short entry signals (buy/sell markers). // - Fixed array index out-of-bounds: Protected array.get() calls with size checks. // - Fixed pyramiding: Set constant pyramiding=4 (max 5 entries); use allow_pyramiding to limit entries. // - Fixed default_qty_value: Set constant default_qty_value=100.0; use entry_size_pct to scale qty. // - Replaced alertcondition with labels for Elliott Wave patterns. // - Fixed partial exits: 50% at TP1 with fixed SL, 50% at TP2 with fixed SL or trailing. // - Fixed Elliott Wave pivot indexing for alternating H/L check. // - Ensured proper position sizing and exit logic.
Pine Script™ 전략
shravanreddy0808의
1
Scalper - Pattern Recognition & Price Action with Divergence Scalper - Pattern Recognition & Price Action with Divergence Overview An educational indicator designed to demonstrate comprehensive technical analysis concepts through integrated pattern recognition, price action analysis, and divergence detection. This tool combines traditional candlestick patterns with modern institutional concepts and advanced divergence analysis for educational market study. Educational Purpose & Originality Core Educational Concepts This indicator serves as a learning platform for understanding: - **Pattern Recognition Methodology**: Systematic identification of candlestick formations - **Price Action Theory**: Modern institutional footprint analysis - **Divergence Analysis**: Momentum divergence detection across multiple oscillators - **Confluence Systems**: Multi-signal integration and validation techniques Original Implementation Features 1. Enhanced Pattern Detection Library - **Volatility-Filtered Patterns**: ATR-based validation for pattern significance - **Volume-Confirmed Formations**: Integration of volume analysis with pattern detection - **Multi-Candle Pattern Recognition**: Three-candle formations and complex patterns - **Context-Aware Detection**: Patterns validated against market structure 2. Advanced Divergence System - **Multi-Oscillator Analysis**: RSI, CCI, and MACD divergence detection - **Four Divergence Types**: Regular bullish/bearish and hidden bullish/bearish - **Pivot-Based Detection**: Systematic swing high/low identification - **Weighted Signal Integration**: Divergences integrated into confluence scoring 3. Modern Price Action Concepts - **Fair Value Gaps (FVG)**: Identification of institutional inefficiencies - **Order Block Detection**: Volume-validated accumulation/distribution zones - **Dynamic Support/Resistance**: Touch-count validated levels with ATR tolerance - **Breakout Analysis**: Volume-confirmed price breakouts 4. Intelligent Confluence System - **Multi-Signal Aggregation**: Combines patterns, oscillators, divergences, and breakouts - **Weighted Scoring Algorithm**: Different signal types receive appropriate weighting - **Visual Confluence Display**: Clear indication of high-probability setups - **Reason Tracking**: Shows which signals contribute to confluence How to Use Initial Configuration 1. **Enable Desired Components**: Toggle individual analysis modules based on learning focus 2. **Adjust Sensitivity Settings**: Configure pattern detection parameters for your market 3. **Select Divergence Options**: Choose oscillators and divergence types to monitor 4. **Set Confluence Requirements**: Define minimum signals needed for confirmation Component Settings Moving Average Configuration - Four customizable MA lines for multi-timeframe trend analysis - Selectable MA types (SMA, EMA, WMA, VWMA, HMA) - Independent timeframe settings for each MA Pattern Recognition Settings - **Engulfing Patterns**: Strong engulfing with ATR validation - **Doji Variations**: Standard, gravestone, and dragonfly detection - **Hammer/Hanging Man**: Context-validated reversal patterns - **Star Formations**: Morning and evening star patterns - **Three Soldiers/Crows**: Momentum continuation patterns Divergence Detection Parameters - **Lookback Period**: Adjustable swing detection range - **Minimum Pivot Strength**: Percentage threshold for valid pivots - **Oscillator Selection**: RSI, CCI, MACD, or combination - **Divergence Types**: Regular and hidden divergences Signal Interpretation Visual Indicators - **Pattern Labels**: Clear marking of detected formations - **Divergence Lines**: Visual connection between price and oscillator pivots - **Support/Resistance Levels**: Dynamic horizontal levels with validation - **Confluence Signals**: Large "BULL" or "BEAR" labels for high-probability setups Dashboard Information - Real-time oscillator values (RSI, CCI, MACD) - Current signal count for bulls and bears - Active divergence status - Confluence confirmation status Important Educational Considerations Learning Focus - **Pattern Study**: Understand how traditional patterns form and their limitations - **Divergence Concepts**: Learn to identify momentum shifts before price reversals - **Confluence Theory**: Practice combining multiple analysis techniques - **Risk Awareness**: No pattern or signal guarantees future price movement Limitations for Learning - **Historical Analysis**: Patterns are identified after formation - **No Predictive Guarantee**: Educational tool for understanding concepts, not predictions - **Market Context Required**: Patterns should be considered within broader market context - **Practice Required**: Effective use requires study and practice Educational Best Practices 1. **Start Simple**: Enable one component at a time to understand each concept 2. **Paper Trade**: Practice identifying signals without real money risk 3. **Study Failed Signals**: Learn why patterns fail to improve understanding 4. **Combine with Other Analysis**: Use alongside fundamental and sentiment analysis 5. **Document Observations**: Keep a journal of pattern occurrences and outcomes Technical Components Indicator Architecture - **Modular Design**: Independent modules for different analysis types - **Performance Optimization**: Efficient calculation methods for smooth operation - **Visual Management**: Controlled use of Pine Script drawing objects - **Array-Based Storage**: Efficient data management for historical analysis Calculation Methods - **ATR-Based Validation**: Volatility-adjusted pattern filtering - **Volume Analysis**: Comparative volume assessment for confirmation - **Pivot Detection**: Mathematical identification of swing points - **Statistical Validation**: Touch-count and tolerance-based S/R levels Divergence Detection Methodology Regular Divergences (Reversal Signals) - **Bullish**: Price lower low + Oscillator higher low - **Bearish**: Price higher high + Oscillator lower high Hidden Divergences (Continuation Signals) - **Hidden Bullish**: Price higher low + Oscillator lower low - **Hidden Bearish**: Price lower high + Oscillator higher high Validation Criteria - Minimum pivot strength requirement (percentage-based) - Lookback period for swing detection - Multiple oscillator confirmation option Confluence Scoring System Signal Categories 1. **Pattern Signals** (Weight: 1): Candlestick formations 2. **Oscillator Signals** (Weight: 1): RSI/CCI extremes 3. **Breakout Signals** (Weight: 1): Volume-confirmed breaks 4. **Regular Divergences** (Weight: 2): Higher probability reversals 5. **Hidden Divergences** (Weight: 1): Trend continuation signals Confluence Thresholds - Adjustable minimum signal requirement (2-6 signals) - Visual indication when threshold is met - Detailed reason display for educational understanding Educational Dashboard Real-Time Metrics - Oscillator readings (RSI, CCI, MACD) - ATR volatility measurement - Bull/Bear signal counts - Divergence status - Confluence confirmation Customization Options - Position selection (6 screen locations) - Color customization for all elements - Enable/disable individual components Version Information - **Version 1.1**: Added comprehensive divergence detection system - **Educational Focus**: Designed for learning technical analysis concepts - **Integration**: All components work together in confluence system Disclaimer This indicator is designed exclusively for educational purposes to demonstrate technical analysis concepts. It is not financial advice and should not be used as the sole basis for trading decisions. Past patterns and signals do not guarantee future results. Trading involves substantial risk of loss. Users should conduct their own research, practice with demo accounts, and consider seeking advice from qualified professionals before making investment decisions. Learning Resources The indicator includes extensive inline comments explaining each calculation and concept. Users are encouraged to study the source code to understand the methodology behind each component. This transparency aids in learning how technical indicators work and their limitations. --- **Note**: This is an educational tool meant to help traders learn pattern recognition and technical analysis concepts. Success requires practice, additional analysis, and proper risk management.
Pine Script® 인디케이터
DrFXGOD의
FVG Diamond📊 Overview FVG Diamond is an advanced indicator that detects three specific price action patterns: Inside Bar, Outside Bar, and Diamond Formation. Unlike basic FVG tools, it focuses on these higher-level setups for more precise analysis. ✨ Key Features 🎯 Detection of 3 Advanced FVG Pattern Types Independent on/off toggle for each pattern Inside FVG (Inside Bar / Harami): The body of the 3rd candle forms an inside bar relative to the 2nd candle Outside FVG (Outside Bar / Engulfing): The body of the 1st candle forms an outside bar relative to the 2nd candle Diamond FVG (Diamond Formation): A unique pattern that satisfies both Inside and Outside conditions 🎯 Mitigation Feature ON: FVG boxes are automatically removed once price fully fills the FVG zone (keeps the chart clean by showing only active FVGs) OFF: FVG boxes remain on the chart indefinitely (allows full historical review of all FVGs) 🎨 Visual Features Color Coding: Assign unique colors to each pattern type Transparency Control: Default 70% transparency for optimal readability Extension Display: Extend the right edge of FVG boxes for any number of bars ⚙️ Advanced Configuration Threshold Settings Manual Threshold: Define a minimum gap size by percentage Auto Threshold: Dynamically adjusts based on market volatility Mitigation Tools Real-Time Mitigation: Automatic removal when price fills an FVG zone Mitigation Levels: Display filled FVG levels with dashed lines 🔔 Alerts Notification on new Bullish/Bearish FVG detection Notification when an FVG is mitigated (filled) Works with all FVG types 📈 How to Use Add the indicator to your chart The three advanced FVG patterns will be detected and displayed automatically Set your preferred threshold (0% = detect all gaps) ⚠️ Note: This indicator is designed as an analysis support tool. Trading decisions should be made in combination with other methods of technical and fundamental analysis. Author: omochi_ Version: 1.0 Last Updated: September 28, 2025
Pine Script® 인디케이터
omochi_의
MultiTF break lines (1H / 15M / 5M / 1M) - with tableThis indicator detects high and low breakouts on the most recent candlesticks on the 1-hour, 15-minute, 5-minute, and 1-minute timeframes. It automatically draws breakout lines on the chart. The breakout direction is displayed as an arrow label (⇧/⇩). The most recent breakout direction is displayed in a table (top right). This is a multi-timeframe breakout monitoring tool. Upward breakouts are visually distinguishable by blue, and downward breakouts by red.
Pine Script® 인디케이터
hmp5below의
2
Glacial Momentum Index Glacial Momentum Index (GMI) - Technical Documentation 🧊 Core Concept The GMI is a momentum oscillator that measures sustained directional pressure in price movements. It combines velocity analysis with a for-loop scanning system to identify medium-term trends while filtering out noise and false breakouts. Architecture 1. Velocity Index Calculation velocity_index = (price - EMA) / ATR Components: Price Source: OHLC4 (average of open, high, low, close) Velocity Basis: 40-period EMA of price Normalization: ATR(24) makes the indicator adaptive to volatility Purpose: Measures how far price has deviated from its moving average, scaled by current market volatility. This creates a normalized momentum reading that works across different market conditions. 2. For-Loop Momentum Score The core innovation. Scans 5-55 bars (50-bar window) and counts directional consistency: For each bar from 5 to 55 bars ago: - If velocity_index > velocity_index : +1 point - If velocity_index < velocity_index : -1 point Final Score = (net points / total bars) × 100 Output: A percentage score from -100% to +100% +100% = every bar shows upward momentum -100% = every bar shows downward momentum 0% = equal distribution Why 5-55 bars? Start at 5 to ignore immediate noise End at 55 to capture medium-term trends Creates a 50-bar scanning window 3. Drift Layer A 34-period slower velocity calculation providing macro context. Plotted as a white line scaled ×20 to match the velocity display range. This shows the underlying trend while the velocity index shows short-term moves. Signal Logic Entry Conditions LONG: Loop score > 28% (meaning 64%+ of scanned bars are trending up) Velocity index > 0 (confirming current upward momentum) SHORT: Loop score < -25% (meaning 62%+ of scanned bars are trending down) Velocity index < 0 (confirming current downward momentum) State Persistence Uses a state machine (signal_state: -1, 0, 1) that: Enters long when both conditions meet Stays long until short conditions trigger No exit on neutral - holds position through consolidation This prevents excessive trading during sideways markets. Visual Elements Histogram (Primary Signal) Shows loop score as columns Color: Cyan above long threshold, navy below short threshold, gray in between Direct visualization of trend strength Velocity Line (Thick, 4px) Scaled ×20 to overlay on histogram Color matches signal state (cyan=long, navy=short, gray=neutral) Shows immediate momentum Drift Line (White, 2px) Scaled ×20 for consistency Provides slower context Helps identify when velocity is aligned with macro trend Background Fill Subtle tint (94% transparency) Cyan during long state Navy during short state Instantly shows current position Threshold Lines Long: 28 (cyan dashed) Short: -25 (navy dashed) Zero: 0 (gray solid) Signal Markers Triangle up (cyan) on new long Triangle down (navy) on new short Only appear on state changes, not every bar Why It Works for Crypto ATR Normalization: Adapts to Bitcoin/Ethereum's variable volatility Medium-Term Focus: 50-bar scan catches trends lasting days/weeks State Persistence: Doesn't exit on minor pullbacks Asymmetric Thresholds: 28/-25 reflects crypto's tendency to trend up stronger than down Velocity Confirmation: Prevents entries when loop score is positive but price is actually falling Parameter Tuning Guide Velocity Period (40): Lower (20-30) = more sensitive, faster signals Higher (50-60) = smoother, fewer signals Loop Window (5-55): Wider window = catches longer trends Narrower window = responds faster to changes Long Threshold (28): Lower (20-25) = more entries, potentially more noise Higher (35-40) = fewer, higher-conviction entries Short Threshold (-25): Higher (-20 to -15) = more short entries Lower (-30 to -35) = more selective shorts Current Optimized Settings (BTC/ETH 4H-1D) Velocity: 40 periods (catches medium-term momentum shifts) Loop: 5-55 bars (50-bar trend scan) Long: 28% (requires 64% directional consistency) Short: -25% (requires 62% directional consistency) Source: OHLC4 (reduces single-wick noise) What Makes This Different Unlike standard oscillators (RSI, MACD, Stochastic): Not mean-reverting - designed to ride trends, not fade them Context-aware - loop score measures sustained pressure, not just current momentum Volatility-adaptive - ATR normalization works in both high and low vol regimes State-based - holds positions through noise instead of flipping constantly The for-loop mechanism is the key innovation: it requires a majority of recent history to show directional alignment before signaling, filtering out temporary spikes that destroy most momentum systems.
Pine Script® 인디케이터
Av4link의
HTF Control Shift CandlesHTF Control Shift Candles highlights reversal-type candles that show a decisive shift in market control between buyers and sellers. These candles are detected by measuring wick length relative to the entire range and the close’s position within that range. A bullish control shift occurs when a candle forms with a long lower wick and closes in the top portion of its range, showing strong rejection of lower prices and a buyer takeover. A bearish control shift occurs when a candle forms with a long upper wick and closes in the bottom portion of its range, showing rejection of higher prices and a seller takeover. Candles are automatically recolored for fast visual recognition, and alerts are built in so traders never miss a potential shift in control. This tool is specifically designed for 30-minute and higher timeframes, where control shift candles carry greater significance for swing and intraday setups. Inputs allow you to adjust wick percentage (wickPct) and body percentage (bodyPct) thresholds for different levels of sensitivity. For example, with wickPct = 0.5 and bodyPct = 0.3, a bullish control shift requires the lower wick to be at least 50% of the entire range and the close to finish in the top 30%. By tuning these values, traders can refine the detection for different volatility regimes or personal trading strategies. Bar Close Confirmation Only This indicator confirms signals only after the candle has closed. The calculation requires final values for open, high, low, and close, which are not fixed until the bar finishes forming. That means no mid-bar or intrabar repainting — alerts and highlights trigger only once the bar is complete. For example, if a candle temporarily has a long lower wick but closes back in the middle of its range, it will not be marked as a bullish control shift. This ensures accuracy by waiting for the final candle close before confirming that buyers or sellers truly maintained control. Control shift candles can be especially useful around liquidity sweeps, support/resistance zones, or after extended moves, as they often mark key turning points. A bullish control shift near demand may provide an early entry confirmation for longs, while a bearish control shift at supply may signal short opportunities or exits from longs. This makes the indicator a versatile tool for anticipating reversals, timing entries with precision, and filtering signals on higher timeframes where market structure shifts are most impactful.
Pine Script® 인디케이터
samb817의
Shamji's Liquidity Sweep + FVG (Follow-up + Filters) Purpose (what it does) This indicator looks for two related price structures used by many smart-money / liquidity-hunt traders: Liquidity Sweeps — candles that wick beyond a recent swing high (for buy-side stop-hunts) or swing low (for sell-side stop-hunts), then close back inside. These are flagged as potential stop-hunt events that clear obvious liquidity. Fair Value Gaps (FVGs) — simple 3-bar style gaps where an older bar’s high is below the current low (bullish FVG) or an older bar’s low is above the current high (bearish FVG). When an FVG appears after a sweep (within a configurable window), this is considered a follow-up alignment. The script adds optional filters (volume spike and candle-range vs ATR) to increase confidence, and can restrict marking/alerts to only events that meet the follow-up and filter rules.
Pine Script® 인디케이터
shiyamsunder87의
Multi-Timeframe Dual MA Downside DetectorThis indicator is designed to highlight potential downside moves using two customizable moving averages (MA1 and MA2) across multiple timeframes. It works on any chart and provides a visual cue when the price is trading below both selected moving averages on a red/down candle. Key Features: Dual Moving Averages: Supports EMA, SMA, VWMA, and HMA for both MA1 and MA2. Multi-Timeframe Support: Each moving average can be calculated on a different timeframe, allowing higher timeframe trend context on lower timeframe charts. Downside Detection: Highlights candles where the close is below both moving averages and forms a down candle (close < open). Visual Signals: Plots MA1 (orange) and MA2 (blue) on the chart. Colors the downside candles blue when the price is below both MAs. Customizable: Easily adjust the MA type, length, and timeframe to suit your trading style. Usage: Helps identify strong bearish conditions or potential pullbacks. Can be combined with other technical analysis tools for trend confirmation. Works across any market, instrument, or timeframe
Pine Script® 인디케이터
nithinshenoy7의
IMB zones, alerts, 8 EMAs, DO lvlThis indicator was created to be a combined indicator for those who use DO levels, IMBs, and EMAs in their daily trading, helping them by providing a script that allows them to customize these indicators to their liking. Here you can set the IMBs, DO levels, and EMAs. Its special feature is that it uses alerts to indicate which IMB zones have been created, along with the invalidation line for the new potential IMB. The program always calculates the Daily Opening (DO) level from the opening of the broker, and you can set how many hours the line should be drawn. Help for use: There are 3 types of alerts: - Use the "Bullish IMB formed" alert if you are looking for Bull IMBs. - Use the "Bearish IMB formed" alert if you are looking for Bear IMBs. - Use the "Either IMB" alert if you are looking for Bull and Bear IMBs. Tip: Set the alert type "Once per bar close" if you do not want to set new alerts after an IMB is formed. IMBs: - Customizable IMB quantity (1-500 pcs) - Zone colors and borders can be customized - Potential IMB line can be customized EMAs: - You can set and customize 8 EMA lengths - Only the current and higher timeframe EMAs are displayed Daily Open Level: - Displays today's Daily Open level - Note: The DO level does not work in Replay mode Last OFR: "Show True OFR" checkbox added. It displays the latest OFR, and hides the old ones.
Pine Script® 인디케이터
csiakikm4의
ICT 369 Sniper MSS Indicator (HTF Bias) - H2LThis script is an ICT (Inner Circle Trader) concept-based trading indicator designed to identify high-probability reversal or continuation setups, primarily focusing on intraday trading using a Higher Timeframe (HTF) directional bias. Here are the four core components of the indicator: Higher Timeframe (HTF) Bias Filter (Market Structure Shift - MSS): It determines the overall trend by checking if the current price has broken the most recent high or low swing point of a larger timeframe (e.g., 4H). This establishes a Bullish or Bearish bias, ensuring trades align with the dominant trend. Fair Value Gap (FVG) and OTE: It identifies price imbalances (FVGs) and calculates the Optimal Trade Entry (OTE) levels (50%, 62%, 70.5%, etc.) within those gaps, looking for price to retrace into these specific areas. Kill Zones (Timing): It incorporates specific time windows (London and New York Kill Zones, based on NY Time) where institutional trading activity is high, only allowing entry signals during these defined periods. Signal and Targets: It triggers a Long or Short signal when all criteria are met (HTF Bias, FVG, OTE retracement, and Kill Zone timing). It then calculates and plots suggested trade levels, including a Stop Loss (SL) and three Take Profit targets (TP1, TP2, and a dynamic Runner Target based on the weekly Average True Range or ATR). In summary, it's a comprehensive tool for traders following ICT principles, automating the confluence check across trend, structure, liquidity, and timing.
Pine Script® 인디케이터
heartolearn의
Hedge Pressure Index (HPI)Hedge Pressure Index (HPI) Overview The Hedge Pressure Index (HPI) is a flow-aware indicator that fuses daily options Open Interest (OI) with intraday put/call volume to estimate the directional hedging pressure of market makers and dealers. It helps traders visualize whether options flow is creating mechanical buy/sell pressure in IWM, and when that pressure may be shifting. What HPI Shows Daily OI Baseline (white line): Net OI carried forward intraday (Put OI − λ × Call OI). Updated once daily before the open. Intraday Flow (teal line): Net put minus λ × call volume in real time. Smoothed to show underlying flow. Spread Histogram (gray): Divergence between intraday flow and daily OI. HPI Proxy Histogram (blue): Intraday hedge-pressure intensity. Strong extremes indicate heavy one-sided dealer hedging. Trading Signals Crossover: When intraday Volume line crosses above OI, it suggests bullish hedge pressure. When Volume line crosses below OI, it suggests bearish hedge pressure. Z-Score Extremes: HPI ≥ +1.5 → strong mechanical bid. HPI ≤ −1.5 → strong mechanical offer. Alerts: Built in for both crossovers and extreme readings. How to Use HPI 1. Confirmation Tool (recommended for most traders): Trade your usual price/technical setups. Use HPI as a confirmation: only take trades that align with the hedge pressure direction. 2. Flow Bias (advanced): Use HPI direction intraday as a standalone bias. Fade signals when the histogram mean-reverts or crosses zero. Best practice: Focus on the open and first 2 hours where hedging flows are most active. Combine with ATR/time-based stops. Inputs Demo Mode: If no OI/volume feed is set, the script uses chart volume for layout. λ (Call Weight): Adjusts how much call volume offsets put volume (default = 1.0). Smoothing Length: Smooths intraday flow line. Z-Score Lookback: Sets lookback window for HPI extremes. Custom Symbols: Daily Net OI (pre-open OI difference). Intraday Put Volume. Intraday Call Volume. Setup Instructions Add the indicator to an IWM chart. In Inputs, either keep Demo Mode ON (for layout) or enter your vendor’s Daily Net OI / Put Volume / Call Volume symbols. Set alerts for crossovers and strong HPI readings to catch flow shifts in real time. Optionally tune λ and smoothing to match your feed’s scale. Notes This is a proxy for dealer hedge pressure. For highest accuracy, replace the proxy histogram with gamma-weighted flow by strike/DTE when your data feed supports it. Demo mode is for visualization only; live use requires a valid OI and volume feed. Disclaimer This script is for educational and research purposes only. It is not financial advice. Options and derivatives carry significant risk. Always test in a demo environment before using live capital.
Pine Script® 인디케이터
Marketscope의
Breaout and followthroughThis indicator is designed to identify and highlight a single, powerful entry signal at the beginning of a new trend. It filters for high-volatility breakout bars that show strong directional conviction, helping traders catch the initial momentum of a potential move. It will only paint one bullish or bearish signal after a trend change is detected, preventing repeat signals during a sustained move. Core Concept The indicator combines four key concepts to generate high-probability signals: Trend Direction: It first establishes the overall trend (bullish or bearish) using a configurable Exponential or Simple Moving Average (EMA/SMA). Volatility Expansion: It looks for bars with a larger-than-average range by comparing the bar's size to the Average True Range (ATR). This helps identify moments of increased market interest. Closing Strength (IBS): It uses the Internal Bar Strength (IBS) to measure directional conviction. A high IBS (closing near the top) suggests bullish strength, while a low IBS (closing near the bottom) suggests bearish pressure. Breakout Confirmation: As an optional but powerful filter, it can confirm the signal by ensuring the bar is breaking above the high or below the low of a user-defined number of previous bars. A signal is only generated on the first bar that meets all these criteria after the price crosses the trend-defining moving average, making it ideal for capturing the start of a new swing. Features Bullish Signals (Green): Highlights the first bar in an uptrend that is larger than the ATR, closes with a high IBS (>70), and optionally breaks out above the recent highs. Bearish Signals (Red): Highlights the first bar in a downtrend that is larger than the ATR, closes with a low IBS (<30), and optionally breaks out below the recent lows. "First Signal Only" Logic: The script is hard-coded to show only the initial signal in a new trend, filtering out noise and redundant signals. Fully Customizable Trend Filter: Choose between EMA or SMA for trend definition. Set the MA length (default is a short-term 7-period MA). Option to show or hide the moving average on the chart. Optional Breakout Filter: Enable or disable the requirement for the signal bar to break the high/low of previous bars. Customize the lookback period for the breakout confirmation. How to Use This indicator can be used as a primary signal for a trend-following or momentum-based trading system. Look for a Green Bar (Bullish Signal): This suggests the start of a potential uptrend. Consider it a signal for a long entry. A logical stop-loss could be placed below the low of the highlighted signal bar. Look for a Red Bar (Bearish Signal): This suggests the start of a potential downtrend. Consider it a signal for a short entry. A logical stop-loss could be placed above the high of the highlighted signal bar. Adjust Settings: Use the settings menu to configure the indicator to your preferred market and timeframe. A longer Trend MA Length will result in fewer, more long-term signals, while a shorter length will be more responsive. As with any tool, this indicator is best used in conjunction with other forms of analysis, such as market structure, support/resistance levels, and proper risk management.
Pine Script® 인디케이터
Trading_Doji의
Jasons Bullish Reversal DetectorThis bullish reversal detector is designed to spot higher-quality turning points instead of shallow bounces. At its core, it looks for candles closing above the 20-period SMA, a MACD bullish crossover, and RSI strength above 50. On top of that, it layers in “depth” filters: price must reclaim and retest a long-term baseline (like the 200-period VWMA), momentum should confirm with RSI and +DI leading, short-term EMAs need to slope upward, and conditions like overheated ATR or strong downside ADX will block false signals. When all of these align, the script flags a depth-confirmed bullish reversal, aiming to highlight spots where structure, momentum, and volatility all support a sustainable shift upward.
Pine Script® 인디케이터
Jeyson-Eightyfo의