Forex Pairs Relative Analysis and SuggestionsThis Pine Script (version 5) indicator, titled "Forex Pairs Relative Analysis and Suggestions," is designed for use on TradingView charts. It provides real-time analysis of major forex pairs sourced from the IC Markets exchange, facilitating relative value or pair trading strategies by evaluating currency strengths against the US Dollar (USD). The script focuses on seven major currencies—EUR, GBP, AUD, NZD, JPY, CAD, and CHF—through their respective pairs: EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCAD, and USDCHF.
Key features include:
Relative Currency Strengths: Calculated using the Rate of Change (ROC) over a user-defined lookback period (default: 14 bars), normalized to reflect performance versus USD. Positive values indicate strengthening, while negative values denote weakening.
Annualized Volatilities: Derived from the standard deviation of logarithmic returns, annualized assuming 252 trading days, and expressed as percentages to compare risk levels across pairs.
Full Pairwise Correlations: A comprehensive matrix displaying Pearson correlation coefficients between all pairs over the lookback period, aiding in identifying hedging opportunities (e.g., low or negative correlations for diversification).
Automated Pair Suggestions: Identifies the strongest and weakest currencies, proposing a long position in the pair to buy the strong currency and a short position (or opposite direction) to sell the weak currency against USD. Suggestions include estimated lot sizes based on user-input account balance, risk percentage (default: 1%), and a stop-loss proxy using 1x Average True Range (ATR).
Visual Elements: A table displays all metrics with color-coded rows for readability (optimized for dark mode), alternating backgrounds, and merged cells for suggestions. Strengths are also plotted in a separate pane with matching colors for trend visualization.
Customization: Users can adjust the lookback length, ATR period, account balance, and risk percentage via indicator settings to tailor the analysis.
Ensure access to IC Markets data in your TradingView account. The table appears in the top-left position by default and updates on the last bar. This tool is intended for educational and analytical purposes, supporting informed decision-making in forex trading by highlighting relative strengths, risks, and potential hedges.
Guidance on Choosing a Timeframe:
The indicator adapts to the chart's timeframe, with the lookback period influencing the historical window for metrics. Select based on your strategy:
Short-Term (Intraday/Scalping): Use 15-minute to 1-hour charts for timely signals; adjust lookback to 5–10 for responsiveness.
Medium-Term (Swing Trading): Opt for 4-hour to daily charts (recommended default) for balanced trends; 14-bar lookback covers days to weeks.
Long-Term (Position Trading): Choose weekly or monthly charts for macro views; increase lookback to 20–50 for smoother data.
Test across timeframes via backtesting to align with your risk and objectives.
Disclaimer:
This script is provided for informational and educational purposes only and does not constitute financial, investment, or trading advice. Trading forex involves significant risk of loss and is not suitable for all individuals. Past performance is not indicative of future results. The calculations, suggestions, and metrics (including lot sizes) are based on historical data and simplified assumptions, such as using ATR for stop-loss estimation, and may not account for real-time market conditions, slippage, commissions, or other factors. Users should conduct their own research, consult with qualified financial professionals, and verify the script's outputs before making any trading decisions. The author assumes no responsibility or liability for any losses incurred from the use of this script.
지표 및 전략
Gold Adaptive Surfer v42 [huntamayung]Just a trend-following optimized for minimal risk and high grip onto trend. Try to use it as a signal in 1 minute timeframe. Note that this was optimized for OANDA:XAUUSD only.
EMA 50 Cross Alert“You can set an alert when price crosses the EMA, and you can also choose which EMA length you want to use.”
Engulfing Strategy Core Concept:
This is a price action trading strategy that identifies high-probability trade setups by combining multi-timeframe engulfing patterns with Current Market Price (CMP) validation.
How It Works:
H4 Setup Zone (Primary Timeframe)
Identifies Bullish or Bearish Engulfing patterns on the 4-hour timeframe
When detected, marks a zone at the high and low of the engulfed candle
This zone represents the initial setup area
M30 Trade Control Zone (Confirmation Timeframe)
Looks for Engulfing patterns on the 30-minute timeframe
These patterns must form within or near the H4 setup zone
Acts as a confirmation that the setup is valid
CMP Validation (Current Market Price)
Monitors where price is currently trading relative to the zones
Validates whether the pattern is still active or has been invalidated
Helps determine entry timing and stop loss placement
Trade Setup:
Bullish Setup: Red candle engulfed by green candles → Zone marked at red candle's high/low → Wait for M30 confirmation → Enter when CMP validates the pattern
Bearish Setup: Green candle engulfed by red candles → Zone marked at green candle's high/low → Wait for M30 confirmation → Enter when CMP validates the pattern
NY Open Line + 60-Min Box - V3This draws a box on the first candle of the New York Stock Exchange. It is often used to determine a good strategy.
Updated OTC VC📊 Overview
Display candles from any higher timeframe directly on your current chart! OTC-5 shows the current and previous candles from your selected timeframe (like Daily on a 1-hour chart) with customizable styling and positioning.
✨ Key Features
Multi-Timeframe Visualization: View daily (or any timeframe) candles on any lower timeframe chart
Customizable Display: Show 0-10 previous candles alongside the current one
Smart Positioning: Adjust horizontal offset and spacing between candles
Visual Customization:
Custom colors for bullish/bearish candles (body, wick, border)
Optional label showing time remaining in current candle
Choose between default or custom color schemes
Real-time Countdown: Label shows exact time left in the current higher timeframe candle
🎯 Use Cases
Swing Traders: View daily/weekly trends while trading on lower timeframes
Support/Resistance: Identify key levels from higher timeframes
Context Awareness: Maintain bigger picture perspective during intraday trading
Multi-timeframe Analysis: Combine timeframe analysis without switching charts
⚙️ Settings
TimeFrame: Select any higher timeframe (D, W, 4H, etc.)
Number of Previous Candles: 0-10 previous candles to display
Position Controls: Adjust horizontal offset and candle spacing
Color Customization: Separate colors for bullish/bearish candles
Label Options: Show/hide time countdown, customize label colors
Delta Maker Price EnergyThis indicator helps you identify key support and resistance levels, updated daily.
QuantSignals: Integrated Geometric Momentum QualityIntegrated Geometric Momentum Quality is a momentum-quality oscillator designed to complement traditional momentum indicators, not replace them.
While most momentum tools focus on how much price has moved, IGMQ focuses on how efficiently price has moved. It evaluates whether momentum is supported by smooth, directional structure or distorted by noise and volatility.
IGMQ is path-aware rather than purely price-based.
It penalizes volatility that does not contribute to sustained progress, making it especially useful as a momentum filter in systematic or discretionary trading workflows.
IGMQ analyzes price behavior over a rolling window to determine:
Directional strength
Path efficiency
Structural consistency
The output is a normalized momentum quality score that increases when price movement is clean and persistent, and decreases when momentum becomes choppy or unstable.
How to Use It
This indicator works best as a confirmation and filtering tool, alongside indicators such as:
RSI
MACD
Rate of Change
Breakout or trend-following systems
Common applications:
Confirm whether momentum signals are supported by quality structure
Filter out trades during noisy or low-efficiency regimes
Rank symbols by momentum quality
Detect early degradation in trending conditions
Interpreting the Oscillator
Positive values → Upward momentum with structural quality
Negative values → Downward momentum with structural quality
Larger magnitude → Cleaner, more reliable momentum
Values near zero → Low-quality or indecisive movement
This helps distinguish between strong momentum and usable momentum.
Weighted ATRWeighted ATR is a volatility indicator that computes True Range and smooths it using a selectable kernel (native Wilder ATR, SMA, EMA, WMA, VWMA, or HMA). It outputs a single volatility line in price units for risk sizing, stop distances, and regime filtering.
BALAJEE Style: Liquidity & Volume POC//@version=5
indicator("Order Flow Delta - Footprint Style", overlay=true)
// --- Settings ---
showLabels = input.bool(true, "Show Volume Delta Labels")
highVolThreshold = input.float(1.5, "High Volume Alert (x Average)", step=0.1)
// --- Calculations ---
// Calculating "Delta" (Simple version: Volume * Direction)
float delta = (close > open) ? volume : -volume
float avgVol = ta.sma(volume, 20)
bool isHighVol = volume > avgVol * highVolThreshold
// --- Colors ---
// Professional "Muted" colors like the pros use
color bullColor = color.new(#089981, 0)
color bearColor = color.new(#f23645, 0)
color neutralColor = color.new(color.gray, 50)
// --- Visuals ---
// Color the candles based on Volume Delta
barcolor(delta > 0 ? bullColor : bearColor)
// Plot Delta Labels (The "Numbers" look)
if showLabels
label.new(bar_index, high, text=str.tostring(math.round(volume/1000, 1)) + "k",
style=label.style_none,
textcolor=delta > 0 ? color.green : color.red,
yloc=yloc.abovebar)
// Highlight Institutional Activity (Yellow dots for huge volume)
plotshape(isHighVol, "Institutional Vol", shape.circle, location.bottom, color.yellow, size=size.tiny)
// --- Trend Background ---
var float trendPOC = na
trendPOC := ta.vwap(close)
plot(trendPOC, "VWAP (Fair Value)", color=color.new(color.white, 70), style=plot.style_linebr)
VC OTC updated📊 Overview
Display candles from any higher timeframe directly on your current chart! OTC-5 shows the current and previous candles from your selected timeframe (like Daily on a 1-hour chart) with customizable styling and positioning.
✨ Key Features
Multi-Timeframe Visualization: View daily (or any timeframe) candles on any lower timeframe chart
Customizable Display: Show 0-10 previous candles alongside the current one
Smart Positioning: Adjust horizontal offset and spacing between candles
Visual Customization:
Custom colors for bullish/bearish candles (body, wick, border)
Optional label showing time remaining in current candle
Choose between default or custom color schemes
Real-time Countdown: Label shows exact time left in the current higher timeframe candle
🎯 Use Cases
Swing Traders: View daily/weekly trends while trading on lower timeframes
Support/Resistance: Identify key levels from higher timeframes
Context Awareness: Maintain bigger picture perspective during intraday trading
Multi-timeframe Analysis: Combine timeframe analysis without switching charts
⚙️ Settings
TimeFrame: Select any higher timeframe (D, W, 4H, etc.)
Number of Previous Candles: 0-10 previous candles to display
Position Controls: Adjust horizontal offset and candle spacing
Color Customization: Separate colors for bullish/bearish candles
Label Options: Show/hide time countdown, customize label colors
📈 Perfect For
Traders who want to see the bigger picture while focusing on entry timing. Whether you're day trading with daily context or swing trading with weekly trends, OTC-5 keeps you aligned with higher timeframe structure.
ODR BoxThis indicator automates the Opening Range Definition (ODR) based on the Ali Khan / ICT Model 1 framework. By capturing the 07:00-09:25 AM Dealing Range, it projects institutional quadrants and standard deviation targets. It is designed to filter out 'retail noise' and highlight the mathematical levels where price delivery is most likely to accelerate or reverse.
ProTradersNetwork - Inefficiency Candle Middle CandleProTradersNetwork
See inefficiency candles with ease.
AsiaSessionHighLowMidLines (v5) - Keep All SessionsProTradersNetwork
See where asia session starts and ends, Highs and Lows
Previous Days Settlement Price📌 Indicator Description — Previous Days Settlement Prices
Previous Days Settlement Prices is a clean, efficient Pine Script v6 indicator designed for intraday futures and high-precision price reference. It automatically tracks and displays the settlement prices from the previous trading days — anchored to the exact bar where each settlement occurred — and plots each as a horizontal level extending into the current session with customizable visual styles and labels.
⚙️ Core Purpose
Settlement prices represent the officially determined price at which futures contracts settle each trading day — a level often watched by professional traders for support, resistance, acceptance, or rejection behavior. Unlike standard previous-close or high/low indicators, this script uses anchored historical data tracking to accurately record where each settlement happened and visually maintain that reference throughout the subsequent intraday session.
🧠 Original Approach
Rather than relying on request.security lookups alone, this script uses bar-based tracking and array storage to maintain precise settlement values (close price of the last bar of each session). This method ensures:
Accurate anchoring to the actual bar index where the settlement completed, not just price aggregation.
Clean, customizable rendering with dashed/dotted/solid lines and dynamic labels.
Scales elegantly across multiple days without chart clutter.
📊 What It Displays
Up to N previous days’ settlement price levels (configurable, 1–9).
Levels are drawn as horizontal lines from the original settlement bar to the current bar.
Labels with formatted price values display at the rightmost edge of the chart.
Colors, line style (solid/dashed/dotted), line width, and label size are all user-configurable.
🎯 Designed For
Intraday futures traders who rely on settlement levels as reference points.
Traders who want precise anchoring of historical settlement levels for context, not simple static prior-day closes.
Those who prefer a light UI footprint with clear, extendable horizontal levels and reading labels.
📌 Key Indicator Configurations
Number of Days to Show – Choose how many previous settlement levels to display.
Line Style & Width – Customize visual clarity across timeframes.
Label Appearance – Choose color and size for easy identification.
📖 Important Notes for Use
This indicator is optimized for intraday timeframes where settlement references matter most.
Levels are anchored to their actual session close bar, offering a more precise historical reference than simple session closes.
Adjust your chart settings (session times) to match the market you’re trading for best alignment.
Print Bar DataThis script print out the recent bar data. You can configure the position, bar numbers, of the data
ProTradersNetwork-inefficiencyInefficiency Candles Colored, No matter the timeframe, ensures clear visibility of which candles had the most momentum.
MAX TRADEMAX TRADE is a professional BUY/SELL signal indicator built for scalping and intraday trading. It generates clear entries and displays pre-defined risk zones directly on the chart to help traders manage positions faster and more confidently.
Multi-Timeframe Close and Midpoint ConfluenceMulti-Timeframe Close Monitoring and Price Midpoint Confluence Indicator
This indicator is designed to assist traders in monitoring multiple timeframe candle closes and identifying areas where price midpoints (50% levels) from different timeframes cluster together.
The tool focuses on timing awareness and structural context, helping users observe periods where multiple timeframe events occur close together, which may coincide with increased market activity.
What the Indicator Tracks
The indicator monitors candle close timing and price context across multiple timeframes, including:
Intraday timeframe closes (30m, 1h, 2h, 3h, 4h, 6h, 8h)
Higher-timeframe closes (Daily, Weekly, Monthly) when within a defined scan window
The midpoint (50%) of the previous candle for each tracked timeframe
The distance between current price and each midpoint level
This information is evaluated independently for each timeframe.
Timeframe Close Confluence
When multiple timeframes are approaching a candle close within a short window, the indicator highlights this period visually.
These moments can be useful for observing potential shifts in activity or volatility, particularly when combined with other forms of analysis.
Visual markers and optional alerts are used to draw attention to these timing clusters.
Midpoint (50%) Level Clustering
The indicator also evaluates whether multiple 50% levels from different timeframes are located within a user-defined proximity.
When several midpoints cluster closely together, the area is highlighted as a zone of interest for further observation, as overlapping price references may act as areas of interaction.
Countdown & Information Panel
An optional on-chart panel displays:
A live countdown to upcoming timeframe closes
Relative urgency based on proximity to each close
Whether current price is above or below each midpoint
Distance metrics to help gauge proximity
Color coding is used to improve readability rather than indicate trade direction.
Visual Context Tools
Additional visual options include:
Background shading when multiple timing or midpoint conditions overlap
Adjustable thresholds to control sensitivity
Customizable colors, opacity, and panel placement
These visuals are intended to provide contextual awareness, not trade signals.
Intended Use
Style: Multi-timeframe analysis and timing awareness
Markets: Forex, crypto, equities, futures
Purpose:
Monitor upcoming timeframe closes
Observe overlapping price reference zones
Improve preparation around potential activity windows
The indicator is best used as a supplementary tool alongside independent analysis.
Important Notes
This script is provided for educational and analytical purposes only.
It does not predict market outcomes and should not be used as a standalone decision-making tool. Users are encouraged to apply appropriate risk controls and confirm observations with additional analysis.
Elliott Wave Scalper by xitaxuta🚀 Elliott Wave Continuation Strategy (Rule-Based)
This is a rule-driven Elliott Wave continuation strategy designed to capture high-momentum Wave-3 moves after a confirmed impulse and corrective structure.
Rather than relying on subjective wave counting, this strategy converts classic Elliott Wave concepts into objective, testable rules using market structure, swing pivots, Fibonacci behavior, and momentum confirmation.
🔍 What makes it different
Translates Elliott Wave theory into clear, repeatable logic
Focuses on continuation setups, not prediction
Designed for lower timeframes while filtering market noise
Built with risk invalidation at the structural level, not arbitrary stops
📈 Core Philosophy
Markets move in waves — but not every wave is tradable.
This strategy waits for:
A valid impulsive move
A controlled corrective phase
Clear confirmation that price is transitioning back into expansion
Only then does it allow entries — aiming to align with the strongest phase of the trend, where momentum and structure agree.
🧠 Built for Serious Testing
Fully rule-based for consistent backtesting
Highly configurable inputs with clear explanations
Designed to help traders study behavior, timing, and risk efficiency
Works across markets and sessions
⚠️ Important Notes
This is not a signal service
Best used as a framework for testing and refinement
Results depend on market conditions, timeframe, and risk settings
Proper risk management is essential
Bollinger Reversal + Swing ExitBollinger Reversal + Swing Exit is a mean-reversion strategy designed to capture short-term reversals when price stretches to an extreme and then shows the first signs of rejection.
1. Core idea
This strategy assumes that sharp deviations from a central equilibrium are often followed by a corrective move back toward normal pricing. It does not chase trends. Instead, it waits for price to reach an extreme area and then looks for a controlled turn back in the opposite direction.
2. Signal concept
A setup starts only after price reaches an outer extreme zone. The trade is taken only if the market immediately shows a reversal-type reaction rather than continuing to push outward. This reduces entries that happen too early while the move is still accelerating.
3. Long and short behavior
Long trades are allowed only after a downside extreme has been reached and price begins to recover.
Short trades are allowed only after an upside extreme has been reached and price begins to fade.
The goal is to enter close enough to the extreme to keep risk contained, while still requiring evidence that the turn has started.
4. Risk control
Risk is defined tightly. The protective stop is placed where the reversal thesis is clearly invalidated, so the strategy is built to accept small losses when the market does not revert and continues expanding in the same direction.
5. Exit logic
Profits are taken based on local market structure rather than fixed targets. Once in a position, the strategy looks for a clear exhaustion point in the move and closes the trade when the short-term swing structure signals that the rebound or pullback has likely completed. This aims to capture the core of the corrective move without overstaying.
6. Best conditions
This approach performs best in range-bound markets, during consolidations, and in instruments that frequently oscillate around a fair value. It is also useful after impulsive spikes when the move becomes overstretched and liquidity rebalances.
7. When to avoid
Avoid using it during strong, clean trends and during persistent breakout phases, where extremes can keep extending and reversals can fail repeatedly. In these conditions, mean-reversion setups can be systematically punished.
8. What to expect
Expect a higher trade frequency than trend-following systems, with many small-to-medium wins and occasional sharp losses when the market refuses to revert. The edge comes from disciplined entries only after extremes and quick exits when structure signals completion.






















