MTF Bitfinex Longs vs. Shorts Support/Resistance [checkm8]Hello and welcome to my multi-timeframe support and resistance indicator based on margin longs and shorts on Bitfinex :D
The premise of the script is simple. It draws support and resistance levels based on large margin movements ( effectively showing the break-even points of those positions ), where:
Longs opening and shorts closing is bullish pressure
Longs closing and shorts opening is bearish pressure
You can select your desired timeframe for the script to show the levels on. The script draws two sets of lines, one based on medium-sized movements and another based on large movements, where you can also manually input the size of the movements for it to track. By default, the script is optimized for 1-hour timeframes on BTCUSD, where the medium sized movements are set to bullish/bearish pressures of over 500 BTC, and large movements based on pressures of over 1000 BTC.
If you choose to use a different currency pair (ex. LTCUSD, ETCUSD, EOSUSD, etc..) you must adjust the volume that the script tracks , as tracking something like a 500 margin long in XRPUSD is useless. This also applies to timeframes , as timeframes lower than 1 hour may require smaller input values, while larger timeframes will require larger movements.
In addition, there is an input for the source. I recommend leaving this setting at hlc3 , because this will capture a more appropriate break-even points for the S/R levels.
A few tips:
If the current price is under a bullish support/resistance level , this implies that the bullish margin positions are underwater (the price is below their long break-evens), ie. shorts closed at the top or longs were entered at the top
If the current price is above a bullish support/resistance level , this implies that the bullish margin positions are in profit and will act as support (they will support their long break-even points)
If the current price is under a bearish support/resistance level , this implies that the bearish margin positions are in profit and will act as resistance (the price is below their short break-evens)
If the current price is above a bearish support/resistance level , this implies that the bearish margin positions are underwater (the price is above their short break-evens), ie. shorts entered at the bottom or longs were closed at the bottom
Happy trading and feel free to reach out with feedback and suggestions! :D
Special thanks goes to oh92 for his input and feedback on the idea. Check out his profile and his vast selection of indicators in the links below!
www.tradingview.com
depthhouse.com
스크립트에서 "mtf"에 대해 찾기
MTF RSIHello traders, I am happy to share with you my latest indicator I have developed. It's called " MTF RSI ".
The core idea of the EA is to get the average of RSI value of multiple timeframes, current , 3x and 6x of current time frame, and calculate a more accurate RSI value which will indicate more clear oversold or overbought levels that rsi has reached.
It is believed that when there is a convergence of the same indicator in multiple time frames, it is more likely traders will obtain a valid signal.
Besides the averaged RSI, an EMA of period of 14 is added to this EA. Traders can make use of crossing signals to kick off their trade decisions.
Please provide feedback on how I can improve this indicator and provide better quality signals. Thank you
MTF Dinapoli MACD predictor V2This is the Multi Time Frame version of Dinapoli MACD predictor indicator
Fixed a bug of previous version.
Dinapoli macd predictor is a trending indicator that give you not only what direction a forex pair is moving but also how volatile the price is. When the Forex market starts giving new max or minimum level values, the Dinapoli macd predictor follows the price trend direction and pullsup the level of quit from the currency market . Stops should be applied where they are for a purpose, and in that case, should not be changed.
The whole idea behind a practical trading plan is to keep it as simple as possible.
MTF Trend 4 in 1 Multi Time Frame V2Price can be up trend and downtrend simultaneously in different timeframes.
Experienced traders know the importance of looking at Multiple Time Frames.
Analyzing multi time frame chart allows trader to have a greater view on the price action.
This MTF trend indicator shows the trend of current time frame and 3 higher time frames in a single chart. In addition, it will check the consistence of all 4 time frames. It will not repaint.
It will only work on time based charts. Tick and range charts are not supported.
The green dots represent uptrend, and the red dots represent downtrend.
The 'trend period' is used to measure the direction of price within the given number of bars.
The dots of value 1 at the bottom is the trend of 'timeframe 1'
The dots of value 2 is the trend of 'timeframe 2'
The dots of value 3 is the trend of 'timeframe 3'
The dots of value 4 is the trend of current timeframe.
If current and 3 higher time frames are in the same direction, the dots at the top will appear.
Otherwise, there will be no dots at value 6.
'timeframe1' 'timeframe2' and 'timeframe3' must be higher than current timeframe, if your chart is 15min, 'timeframe1' 'timeframe2' and 'timeframe3' must be15min or higher.
It will highlight bars when trends are inconsistent in different timeframes.
You can change the highlight color, or disable this feature.
The highlighted bars represent the situation where price may change its direction from previous trend, or in a short-term adjustment.
B3 MTF OHLCB3 M ulti T ime F rame - O pen H igh L ow C lose
For showing a 2nd resolution on one chart; Not much more to say about that :)
MTF Stochastic CCI ALERTWorks good on 5 or 15min set to the 2hr or 4hr time frame.
Set an alarm (Set an alert on each Long/Short "crossing down", 0.8 (or anything below 0.99), "on condition" )
Or just as a visual.
Best to use other factors to confirm but most of the time it does a pretty decent job.
12 multi time frame MA displayed on specific timeframe/複数MTF MAJapanese below. / 日本語説明は下記
——Republishing after issues pointed out by a moderator resolved.—————
This indicator shows 12 sets of multi time frame moving average(MTF MA) from different time frames which is weekly, daily, 4 hour and 1 hour to lower time frames.
Purpose
This indicator has been developed to show higher timeframe’s moving average as they are expected to work as support and resistance .
How is it different from other MTF MA indicators?
Problems with other conventional MTF MA indicators are;
1.If you set higher timeframe MA, it will also be shown on further higher time frames.
e.g. If you set 4hour chart’s MA on 1 hour or lower time frame charts, it will also appear on daily and weekly chart, which is unnecessary and annoys your chart.
2.One indicator displays one MTF MA only which impacts the number of indicators that you can set.
To tackle these problems, this indicator has incorporated functions below.
1. Control time frames where MTF MA is displayed to avoid showing unnecessary information.
2. One indicator contains 12 MTF MA in which 3 MTF MA from weekly chart, 3 MTF MA from daily chart , 3 MTF MA from 4 hour chart and 3 MTF MA from 1 hour chart. Thus, this contributes to save the number of indicators that you can set.
These are the value added on this indicator.
Specification
-This indicator shows weekly MTF MA, daily MTF MA, 4 hour MTF MA and 1 hour MTF MA.
To be clear, daily MTF MA means that moving average created based on daily chart , which can be shown on daily chart and lower timeframes.
-Each MTF MA will be shown as follows based on timeframes that you select.
1. Weekly MTF MA: Shown on weekly, daily, 4hour, 1 hour, 30M, 15M and 5M chart(Monthly chart does not show MTF MA)
2. Daily MTF MA: Shown on daily, 4hour, 1 hour, 30M, 15M and 5M chart(Weekly and Monthly chart does not show MTF MA)
3. 4hour MTF MA: Shown on 4hour, 1 hour, 30M, 15M and 5M chart(Daily, Weekly and Monthly chart does not show MTF MA)
4. 1hour MTF MA: Shown on 1 hour, 30M, 15M and 5M chart(4hour, Daily, Weekly and Monthly chart does not show MTF MA)
-Each MTF MA can be enabled and disabled by ticking checkbox.
Sample chart with the indicator
●Sample parameters setting
2 MA from weekly timeframe and 3 MA from daily timeframe set.
Here is how MAs are displayed.
It does not show anything.
Only 2 MA from weekly timeframe are shown. MA from daily timeframe are not appeared. This is the difference between this indicator and other conventional MTF MA indicators.
You can see 5 MAs, which are 2 MA from weekly timeframe and 3 MA from daily timeframe .
<4hour chart>
<15M chart>
Journey to use indicator
This indicator is paid indicator and invited-only indicator.
Please contact me via private chat or follow links in my signature so that we can initiate the process to access the indicator
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週足、日足、4時間足、1時間足という異なる複数のタイムフレームから最大で12本(各タイムフレームから3本ずつ)のマルチタイムフレーム移動平均線を設定できるインジケーターです。
インジケーターの目的
上位足の移動平均線を下位足に表示することで、上位足での目線を持ったまま下位足の分析を行ったり、上位足によるレジサポの判断に使うことを想定しています。
他のマルチタイムフレーム移動平均線との違い
他のマルチタイムフレーム移動平均線インジケーターでは、よく以下の問題に直面します。
・上位足の移動平均線を表示しようとすると、さらに上位足でもその移動平均線が表示され、チャートが見にくくなる。
例: 4時間足の移動平均線を1時間足で表示可能なように設定すると、日足や週足でも4時間足の移動平均線が表示され、チャートがノイズだらけに・・・
・一つのインジケーターでは原則一つの移動平均線のみ表示。異なる時間軸のマルチタイムフレーム移動平均線を表示しようとするとその数だけインジケーターを追加する必要あり。
これらの問題に対応するため、このインジケーターでは、
・マルチタイムフレーム移動平均線を表示する時間軸を制御することで上位足側に不必要な情報を表示させない。これによりチャートをスッキリと見やすくすることができる。
・週足、日足、4時間足、1時間足という4つの異なる時間軸から3つずつ、最大で12本のマルチタイムフレーム移動平均線を設定可能。これによりインジケーター数を節約。
という機能を加えることでこれらの問題を解決しています。
これがこのインジケーターが提供する付加価値だと考えています。
仕様
機能概要
・このインジケーターでは週足、日足、4時間足、1時間足の4つの時間軸のマルチタイムフレーム移動平均線を表示します。
・設定できる移動平均線は週足から3本、日足から3本、4時間足から3本、1時間足から3本の最大12本まで設定可能です。
・それぞれの移動平均線はSMA(単純移動平均線)とEMA(加重移動平均線)を選択することができます。期間の設定も移動平均線ごとに設定可能です。
・各移動平均線は表示しているチャートの時間軸に応じて以下の様に表示されます。
例えば週足の移動平均線を設定すると、その移動平均線は週足、日足、4時間足、1時間足、30分、15分、5分足に表示されます。
・毎回チャートを開くごとにそれぞれの移動平均線の表示・非表示を切り替えることは可能ですが、この移動平均線はこの時間足では常に非表示といった制御は不可能です。
サンプルチャート
週足の移動平均線を2本、日足の移動平均線を3本設定した場合のチャートの例です。
<月足>
月足では週足の移動平均線も日足の移動平均線も表示されません。
<週足>
週足では2本の移動平均線のみが表示されていることがわかります。
日足の移動平均線が上位足である週足に表示されないのが、他のマルチタイムフレーム移動平均線との違いです。
<日足>
日足では週足と日足両方の移動平均線が表示されます。
<4時間足>
<15分足>
インジケーターの使用について
当インジケーターは招待制インジケーター(有料)となっています。
使用を希望される方はプライベートチャットや下記リンクのDMでご連絡ください。
このページのコメント欄はインジケーターそのものに対するコメントやアップデートの記載のためのものとなっております。Tradingviewのハウスルールを守るためにもコメント欄からの連絡はご遠慮ください。
Moving Average with Multiple Display Mode(MTF/Non MTF MA)Japanese below / 日本語説明は下記
It's an upper version of "MTF SMA on specific timeframe(5M-4H)" which I previously developed.
MTF SMA on specific timeframe(5M-4H)
This is a simple indicator that shows a moving average(MA) but you can choose two display mode depending on your needs;
1. MTF mode
2. Non MTF Mode(Display always)
1. MTF mode
MA becomes MTF MA, meaning that a MA is displayed on the timeframe that users select as MTF MA timeframe or lower timeframe.
i.e. If you select Daily timeframe from MTF MA timeframe, MA will be displayed on daily or lower timeframe; daily, 4 hour, 1 hour, 30mins, 15min, 5mins, 1min.
Note: You need to select "MTF MA timeframe" on input screen.
2. Non MTF Mode(Display always)
MA will always be displayed regardless of timeframe that users open.
Note: If you select Non MTF Mode, MTF MA timeframe on input screen is ignored.
Enjoy your trading!
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以前リリースした "MTF SMA on specific timeframe(5M-4H)" の上位バージョンインジケーターです。
MTF SMA on specific timeframe(5M-4H)
1本の移動平均線(MA)を表示するインジケーターですが、ユーザーのニーズに応じて二つの表示モードを選択することができます。
1. MTFモード
2. Non MTFモード (常に表示)
1. MTFモード
上位足のMAを下位足に表示するMTF MAとして機能させることができます。MAはユーザーが上位足のタイムフレームとして選択したタイムフレームとそれ未満のタイムフレームで表示されます。
例: 日足を上位足タイムフレームとして選択した場合、日足のMAが日足とそれ以下のタイムフレーム(4時間足、1時間足、30分足、15分足、5分足、1分足)に表示されます。
注: 設定画面で"MTF MA timeframe" を上位足のタイムフレームとして選択してください。
2. Non MTFモード (常に表示)
ユーザーが現在開いているタイムフレームに関係なく、設定したMAが各タイムフレームで常に表示されます。通常の移動平均線インジケーターと同じ機能です。
注: Non MTFモードを選択した場合、設定画面のMTF MA timeframe は無視されます。
Multi SMA EMA WMA HMA BB (4x3 MAs Bollinger Bands) Pro MTF - RRBMulti SMA EMA WMA HMA 4x3 Moving Averages with Bollinger Bands Pro MTF by RagingRocketBull 2018
Version 1.0
This indicator shows multiple MAs of any type SMA EMA WMA HMA etc with BB and MTF support, can show MAs as dynamically moving levels.
There are 4 MA groups + 1 BB group. You can assign any type/timeframe combo to a group, for example:
- EMAs 50,100,200 x H1, H4, D1, W1 (4 TFs x 3 MAs x 1 type)
- EMAs 8,13,21,55,100,200 x M15, H1 (2 TFs x 6 MAs x 1 type)
- D1 EMAs and SMAs 12,26,50,100,200,400 (1 TF x 6 MAs x 2 types)
- H1 WMAs 7,77,231; H4 HMAs 50,100,200; D1 EMAs 144,169,233; W1 SMAs 50,100,200 (4 TFs x 3 MAs x 4 types)
- +1 extra MA type/timeframe for BB
compile time: 25-30 sec
full redraw time after parameter change in UI: 3 sec
There are several versions: Simple, MTF, Pro MTF, Advanced MTF and Ultimate MTF. This is the Pro MTF version. The Differences are listed below. All versions have BB
- Simple: you have 2 groups of MAs that can be assigned any type (5+5)
- MTF: +2 custom Timeframes for each group (2x5 MTF)
- Pro MTF: +4 custom Timeframes for each group (4x3 MTF), MA levels and show max bars back options
- Advanced MTF: +2 extra MAs/group (4x5 MTF), custom Ticker/Symbol, backreferences for type, TF and MA lengths in UI
- Ultimate MTF: +individual settings for each MA, custom Ticker/Symbols
Features:
- 4x3 = 12 MAs of any type including Hull Moving Average (HMA)
- 4x MTF groups with step line smoothing
- BB +1 extra TF/type for BB MAs
- 12 MA levels with adjustable group offsets, indents and shift
- show max bars back
- you can show/hide both groups of MAs/levels and individual MAs
Notes:
1. based on 3EmaBB, uses plot*, barssince and security functions
2. you can't set certain constants from input due to Pinescript limitations - change the code as needed, recompile and use as a private version
3. Levels = trackprice implementation
4. Show Max Bars Back = show_last implementation
5. uses timeframe textbox instead of input resolution to allow for 120 240 and other custom TFs. Also supports TFs in hours: 2H or H2
6. swma has a fixed length = 4, alma and linreg have additional offset and smoothing params
7. Smoothing is applied by default for visual aesthetics on MTF. To use exact ma mtf values (lines with stair stepping) - disable it
MTF Notes:
- uses simple timeframe textbox instead of input resolution dropdown to allow for 120, 240 and other custom TFs, also supports timeframes in H: 2H, H2
- Groups that are not assigned a Custom TF will use Current Timeframe (0).
- MTF will work for any MA type assigned to the group
- MTF works both ways: you can display a higher TF MA/BB on a lower TF or a lower TF MA/BB on a higher TF.
- MTF MA values are normally aligned at the boundary of their native timeframe. This produces stair stepping when a higher TF MA is viewed on a lower TF.
Therefore X Y Point Density/Smoothing is applied by default on MA MTF for visual aesthetics. Set both to 0 to disable and see exact ma mtf values (lines with stair stepping and original mtf alignment).
- Smoothing is disabled for BB MTF bands because fill doesn't work with smoothed MAs after duplicate values are replaced with na.
- MTF MA Value fluctuation is possible on the current bar due to default security lookahead
Smoothing:
- X,Y == 0 - X,Y smoothing disabled (stair stepping on high TFs)
- X == 0, Y > 0 - X,Y smoothing applied to all TFs
- Y == 0, X > 0 - X smoothing applied to all TFs < deltaX_max_tf, Y smoothing disabled
- X > 0, Y > 0 - Y smoothing applied to all TFs, then X smoothing applied to all TFs < deltaX_max_tf
X Smoothing with Y == 0 - shows only every deltaX-th point starting from the first bar.
X Smoothing with Y > 0 - shows only every deltaX-th point starting from the last shown Y point, essentially filling huge gaps remaining after Y Smoothing with points and preserving the curve's general shape
X Smoothing on high TFs with already scarce points produces weird curve shapes, it works best only on high density lower TFs
Y Smoothing reduces points on all TFs, removes adjacent points with prices within deltaY, while preserving the smaller curve details.
A combination of X,Y produces the most accurate smoothing. Higher delta value - larger range, more points removed.
Show Max Bars Back:
- can't set plot show_last from input -> implemented using a timenow based range check
- you can't delete/modify history once plotted, so essentially it just sets a start point for plotting (from num_bars bars back) that works only in realtime mode (not in replay)
Levels:
You can plot current MA value using plot trackprice=true or by checking Show Price Line in Style. Problem is:
- you can only change color (not the dashed line style, width), have both ma + price line (not just the line), and it's full screen wide
- you can't set plot trackprice from input => implemented using plotshape/plotchar with fixed text labels serving as levels
- there's no other way of creating a dynamic level: hline, plot, offset - nothing else works.
- you can't plot a text var - all text strings must be constants, so you can't change the style, width and text labels without recompiling.
- from input you can only adjust offset, indent and shift for each level group, and change color
- the dot below each level line is the exact MA value. If you want just the line swap plotshape with plotchar, recompile and save as your private version, adjust Y shift.
To speed up redraw times: reduce last_bars to ~2000, recompile and use as your own private version
Pinescript is a rudimentary language (should be called Painscript instead) that can basically only plot data. You can't do much else. Please see the code for tips and hints.
Certain things just can't be done or require shady workarounds and weeks of testing trying to resolve weird node.js compiler errors.
Feel free to learn from/reuse/change the code as needed and use as your own private version. See comments in code. Good Luck!
QMF- Market Structure & Signal Suite [BullByte]QUANTUM MOMENTUM FUSION - Market Structure and Signal Suite
OVERVIEW
Quantum Momentum Fusion is a comprehensive market analysis framework built around a multi-dimensional momentum oscillator. This indicator was designed to give traders a complete analytical workspace in a single tool, combining momentum measurement, market structure identification, trendline analysis, divergence detection, and multi-timeframe context into one unified system.
The core philosophy behind QMF is that successful trading decisions come from understanding multiple aspects of market behavior simultaneously, not from relying on any single indicator or signal. The oscillator serves as the analytical foundation, and every other component builds upon it to create a complete picture of current market conditions.
This description will walk through each component of the indicator, explaining what it measures, why that information matters, and how to interpret what you see on the chart. Whether you are an experienced trader familiar with oscillator analysis or newer to technical indicators, each section aims to make the concepts accessible and practical.
THE QUANTUM ENGINE: UNDERSTANDING THE CORE OSCILLATOR (why its original and not a mashup)
At the heart of this indicator is the Quantum Momentum Fusion oscillator, displayed in its own pane below the price chart. Unlike traditional oscillators that measure a single aspect of price behavior, the QMF oscillator synthesizes four distinct market dimensions into one unified reading.
WHAT IS AN OSCILLATOR
For those less familiar with the term, an oscillator is a technical indicator that fluctuates between defined boundaries, typically showing whether an asset is experiencing strong buying pressure, strong selling pressure, or neutral conditions. The QMF oscillator moves between 0 and 100, with 50 representing the neutral midpoint.
When the oscillator is high (above 70), it suggests the market has experienced significant upward momentum and may be approaching exhaustion. When low (below 30), it suggests the market has experienced significant downward momentum and may be due for a bounce. The space between these extremes represents normal market fluctuation.
THE FOUR DIMENSIONS
What makes the QMF oscillator different from standard momentum indicators is that it combines four separate measurements into its calculation. Each dimension captures a different aspect of market behavior:
VELOCITY DIMENSION
This measures how quickly momentum itself is changing. Think of it like acceleration in a car. Knowing the car is moving forward (direction) is useful, but knowing whether the driver is pressing the accelerator or the brake (acceleration) tells you what is likely to happen next. The velocity dimension calculates the rate of change of the rate of change, providing early warning when momentum is about to shift direction. In practical terms, this can show momentum weakening before price actually reverses.
Why it matters: Price can continue in one direction for a while even after the underlying momentum starts to fade. By measuring acceleration, you can identify potential turning points earlier than with simple momentum indicators.
How it appears: This dimension is calculated internally and combined with the others. You do not see it separately, but its effect shows in the oscillator responding earlier to momentum shifts.
VOLUME DIMENSION
This measures price movement weighted by trading volume. A price move accompanied by high volume has different significance than the same price move on low volume. High volume suggests conviction and participation from larger traders. Low volume suggests the move may lack follow-through.
The volume dimension multiplies price change by a volume ratio (current volume compared to average volume), giving greater weight to moves that have volume confirmation behind them.
Why it matters: Volume often precedes price. Strong volume on a move suggests institutional participation and increases the probability that the move will continue. Weak volume on a move suggests it may be easily reversed.
How it appears: Moves with strong volume conviction will push the oscillator more definitively, while low-volume moves will have muted effect on the reading.
VOLATILITY DIMENSION
This normalizes price movement against the current volatility environment. Markets go through periods of high volatility (large price swings) and low volatility (small price swings). A 1% move during a low volatility period is more significant than a 1% move during a high volatility period.
The volatility dimension divides price change by Average True Range (ATR), which measures typical price range. This tells you whether current movement is significant relative to what is normal for this market right now.
Why it matters: Without volatility normalization, the oscillator would react the same way to all price moves regardless of context. By adjusting for volatility, the oscillator identifies moves that are genuinely significant versus normal noise within the current regime.
How it appears: During quiet markets, smaller price moves can still register as significant if they exceed normal volatility. During volatile markets, the oscillator will not overreact to moves that are within expected range.
SESSION DIMENSION
This tracks where price is positioned relative to the session Volume Weighted Average Price (VWAP). VWAP represents the average price at which trading has occurred during the session, weighted by volume. Institutional traders often use VWAP as a benchmark for fair value.
When price is consistently above VWAP, it suggests buyers are willing to pay above average prices, indicating accumulation. When price is consistently below VWAP, it suggests sellers are accepting below average prices, indicating distribution.
Why it matters: VWAP positioning provides insight into whether institutional traders are likely accumulating or distributing. Price repeatedly returning to and bouncing from VWAP can indicate support, while price repeatedly failing at VWAP can indicate resistance.
How it appears: The session dimension contributes bullish readings when price maintains above VWAP and bearish readings when price maintains below VWAP.
ADAPTIVE WEIGHTING
The four dimensions are combined using configurable weights, and the system can operate in Adaptive Mode. When Adaptive Mode is enabled, the indicator automatically adjusts its sensitivity based on the current volatility regime. During high volatility periods, sensitivity increases to capture larger moves. During low volatility periods, sensitivity decreases to filter out noise.
This means the oscillator adapts to changing market conditions without requiring manual adjustment.
READING THE OSCILLATOR: DISPLAY MODES AND ZONES
The QMF oscillator can be displayed in four different visual formats. Each shows the same underlying data but presents it differently based on trader preference.
ENERGY CANDLES
This mode displays the oscillator as candlestick-style candles. Just as price candles show open, high, low, and close for price, energy candles show these values for the QMF oscillator.
Green candles indicate the oscillator closed higher than it opened (bullish momentum). Red candles indicate the oscillator closed lower than it opened (bearish momentum). The body size shows how much the oscillator moved during the period. Larger bodies indicate stronger momentum conviction.
This format is useful for traders who are comfortable reading candlestick patterns and want to apply similar visual analysis to the oscillator.
QMF LINE
This mode displays the oscillator as a traditional line chart with a signal line overlay. The main QMF line shows current momentum. The signal line is a smoothed average of the QMF that helps identify direction changes.
When the QMF line is above the signal line, momentum is bullish. When below, momentum is bearish. Crossovers between the two lines can indicate momentum shifts.
This format is familiar to traders who use indicators like MACD and prefer clean line-based visualization.
IMPULSE BARS
This mode displays the oscillator as a histogram centered on the 50 midline. Bars above 50 indicate bullish momentum, bars below 50 indicate bearish momentum. Bar height shows momentum strength.
The color intensity changes based on momentum direction. Bars that are increasing in the bullish direction show brighter color. Bars that are decreasing show muted color. This makes it easy to see momentum acceleration and deceleration at a glance.
HEIKIN FLOW
This mode applies Heikin-Ashi smoothing to the energy candles. Heikin-Ashi is a Japanese technique that averages price data to create smoother trends with fewer reversals.
The result is cleaner visual trends that are easier to follow, though with slightly more lag than standard energy candles. This format is useful for identifying sustained momentum moves without getting distracted by minor fluctuations.
OSCILLATOR ZONES
Regardless of display mode, the oscillator pane includes horizontal reference lines that define important zones:
Midline at 50: The neutral point. When the oscillator is above 50, overall momentum is bullish. When below 50, overall momentum is bearish.
Overbought level at 70: When the oscillator crosses above this level, the market is showing strong bullish momentum. However, this also means prices have risen significantly and bearish reversal probability increases the longer the oscillator stays elevated.
Oversold level at 30: When the oscillator crosses below this level, the market is showing strong bearish momentum. However, this also means prices have fallen significantly and bullish reversal probability increases.
Extreme overbought at 85: Maximum bullish exhaustion. At this level, almost all short-term buying pressure has been expended. Reversal probability is high.
Extreme oversold at 15: Maximum bearish exhaustion. At this level, almost all short-term selling pressure has been expended. Reversal probability is high.
Understanding these zones helps you assess the current market condition before looking at any other indicator components.
MARKET STRUCTURE: DYNAMIC SUPPORT AND RESISTANCE
The second major component of the indicator is market structure analysis through dynamic support and resistance levels. Unlike price-based support and resistance, these levels are calculated directly on the oscillator.
WHAT ARE OSCILLATOR-BASED S/R LEVELS
When the QMF oscillator reaches a high point and then reverses lower, that high point becomes a resistance level on the oscillator. When the oscillator reaches a low point and then reverses higher, that low point becomes a support level.
These levels represent momentum thresholds that the market has previously found difficult to exceed. They answer the question: At what momentum reading has the oscillator historically reversed?
WHY THIS MATTERS
Oscillator support and resistance provides different information than price support and resistance. Price S/R tells you where buyers and sellers have previously entered the market. Oscillator S/R tells you what level of momentum the market has been able to sustain.
If the oscillator approaches its resistance level, it suggests momentum is reaching the upper bounds of what has been achievable recently. Either momentum will break through (indicating unusually strong conditions) or it will reverse (indicating normal mean reversion).
Similarly, if the oscillator approaches support, it suggests momentum is reaching exhaustion levels that have previously triggered bounces.
HOW IT APPEARS ON THE CHART
Resistance is displayed as a horizontal red line with a RES label on the oscillator pane. Support is displayed as a horizontal cyan line with a SUP label. These lines update dynamically as new pivots form.
When the oscillator breaks through these levels, markers appear:
R with up arrow: Resistance level broken, indicating unusually strong bullish momentum
S with down arrow: Support level broken, indicating unusually strong bearish momentum
R with checkmark: Resistance held, price rejected at this level
S with checkmark: Support held, price bounced from this level
The dashboard also shows current S/R status: whether the oscillator recently broke resistance, broke support, is currently at resistance, is currently at support, or is in clear space between levels.
AUTOMATED TRENDLINES: MOMENTUM TREND STRUCTURE
The third major component is automated trendline detection on the oscillator. This identifies trending behavior in momentum itself, separate from price trends.
WHAT ARE OSCILLATOR TRENDLINES
Just as you can draw trendlines on a price chart connecting swing lows (uptrend) or swing highs (downtrend), the indicator draws trendlines on the oscillator connecting pivot points.
Support trendlines connect oscillator pivot lows and project forward with a flat or rising slope. These show upward trending momentum where each pullback finds support at a higher level.
Resistance trendlines connect oscillator pivot highs and project forward with a flat or falling slope. These show downward trending momentum where each rally faces resistance at a lower level.
WHY THIS MATTERS
Price trends and momentum trends do not always align. Price can continue making higher highs while momentum makes lower highs, a condition called bearish divergence. Momentum trendlines help visualize this behavior.
When momentum is making higher lows (rising support trendline), it suggests underlying strength even if price is consolidating. When momentum is making lower highs (falling resistance trendline), it suggests underlying weakness even if price is holding.
Breaks of these trendlines often precede price moves. If a falling momentum resistance trendline breaks upward, it suggests bearish pressure is releasing and bullish momentum may follow. If a rising momentum support trendline breaks downward, it suggests bullish pressure is failing and bearish momentum may follow.
HOW IT APPEARS ON THE CHART
Support trendlines appear in blue/cyan, resistance trendlines appear in pink/magenta. Lines extend forward from the most recent pivot point to show projected levels.
Small circle markers can optionally appear at each pivot point used to construct the trendlines, helping you verify the anchor points.
When the oscillator breaks through a trendline, markers appear:
TL with up arrow: Resistance trendline broken upward (bullish breakout)
TL with down arrow: Support trendline broken downward (bearish breakdown)
Trendline strength is calculated based on three factors: how many pivot points validate the line, how recently it formed, and the angle of the slope. Stronger trendlines have more touches, formed recently, and have moderate slopes. You can filter trendlines by strength to show only the most significant ones.
Optional trendline zones can display a shaded area around each trendline rather than just a single line, showing a zone of influence rather than a precise level.
DIVERGENCE: WHEN PRICE AND MOMENTUM DISAGREE
The fourth major component is divergence detection, which identifies discrepancies between price action and oscillator behavior.
WHAT IS DIVERGENCE
Divergence occurs when price makes a new high or low, but the oscillator fails to confirm it. This disagreement between price and momentum often precedes reversals.
There are four types of divergence:
REGULAR BULLISH DIVERGENCE
Price makes a lower low (new low point below the previous low), but the oscillator makes a higher low (its low point is above its previous low). This suggests that despite price going lower, selling momentum is actually weakening. The implication is that sellers are losing conviction and a bounce or reversal may be approaching.
Visual example: Imagine price drops from 100 to 95, bounces to 97, then drops again to 93. At the same time, the oscillator drops to 25, bounces to 35, then drops only to 30. Price made a lower low (93 vs 95) but the oscillator made a higher low (30 vs 25). This is regular bullish divergence.
REGULAR BEARISH DIVERGENCE
Price makes a higher high (new high point above the previous high), but the oscillator makes a lower high (its high point is below its previous high). This suggests that despite price going higher, buying momentum is actually weakening. The implication is that buyers are losing conviction and a pullback or reversal may be approaching.
HIDDEN BULLISH DIVERGENCE
Price makes a higher low (its low point is above its previous low), but the oscillator makes a lower low (new low below its previous low). This occurs during uptrends and suggests the trend will continue. Price is holding higher but momentum briefly dipped further, indicating a temporary pullback within a larger uptrend.
HIDDEN BEARISH DIVERGENCE
Price makes a lower high (its high point is below its previous high), but the oscillator makes a higher high (new high above its previous high). This occurs during downtrends and suggests the trend will continue. Price is staying lower but momentum briefly spiked higher, indicating a temporary bounce within a larger downtrend.
Regular divergence suggests reversal. Hidden divergence suggests continuation.
HOW IT APPEARS ON THE CHART
When divergence is confirmed, labels appear on the oscillator:
BULL DIV: Regular bullish divergence confirmed
BEAR DIV: Regular bearish divergence confirmed
H-BULL: Hidden bullish divergence confirmed
H-BEAR: Hidden bearish divergence confirmed
Dotted lines connect the pivot points on the oscillator to show the divergence pattern. Regular divergence uses solid colored lines, hidden divergence uses dashed lines.
The dashboard shows divergence status in real-time:
CHECKING BULL: A potential bullish divergence pattern is forming but not yet confirmed
CHECKING BEAR: A potential bearish divergence pattern is forming but not yet confirmed
BULL CONFIRMED: Bullish divergence has been validated
BEAR CONFIRMED: Bearish divergence has been validated
NONE: No divergence currently active
Divergence strength is calculated from the magnitude of the oscillator discrepancy. Only divergences meeting the minimum strength threshold are displayed to filter out minor, less significant patterns.
FLOW RIBBONS: VISUALIZING MOMENTUM ALIGNMENT
The fifth major component is the Flow Ribbon system, which displays multiple moving averages of the QMF oscillator to visualize momentum trend and alignment.
WHAT ARE FLOW RIBBONS
Flow ribbons consist of three Exponential Moving Averages (EMAs) applied to the QMF oscillator values. Think of them as smoothed versions of the oscillator at different speeds:
Fast Ribbon : Responds quickly to momentum changes, showing recent momentum direction
Medium Ribbon: Balances responsiveness with smoothness, showing intermediate momentum
Slow Ribbon: Moves slowly and shows longer-term momentum context
When these three lines are plotted together with filled area between them, they create a visual ribbon that expands and contracts based on momentum conditions.
WHY RIBBON ALIGNMENT MATTERS
The relationship between these three averages tells you about momentum structure:
BULLISH ALIGNMENT (Fast above Medium above Slow)
When the ribbons are stacked with fast on top, medium in middle, and slow on bottom, momentum is aligned bullishly across multiple timeframes. Short-term momentum leads, with medium and long-term momentum confirming. This is the strongest bullish configuration.
BEARISH ALIGNMENT (Fast below Medium below Slow)
When the ribbons are inverted with fast on bottom, medium in middle, and slow on top, momentum is aligned bearishly across multiple timeframes. Short-term momentum leads downward, with medium and long-term momentum confirming. This is the strongest bearish configuration.
MIXED/TRANSITIONING
When the ribbons are not properly stacked, momentum is in transition. This often occurs during consolidation, trend changes, or choppy conditions. Trading during mixed ribbon states carries higher uncertainty.
RIBBON EXPANSION AND CONTRACTION
Beyond alignment, the distance between the fast and slow ribbon provides additional information:
EXPANDING RIBBON
When the gap between fast and slow ribbon is increasing, momentum is accelerating. In a bullish alignment with expansion, upward momentum is strengthening. In a bearish alignment with expansion, downward momentum is strengthening. Expansion confirms trend conviction.
CONTRACTING RIBBON
When the gap between fast and slow ribbon is decreasing, momentum is decelerating. The current trend may be losing steam. Contraction often precedes consolidation or reversal. It serves as an early warning that the current move may be exhausting.
HOW IT APPEARS ON THE CHART
The fast ribbon appears as a thicker line, the slow ribbon as a thinner line. The area between them fills with color:
Green fill: Bullish ribbon alignment
Red fill: Bearish ribbon alignment
Gray fill: Neutral or transitioning state
The dashboard shows ribbon state as BULL, BEAR, or NEUT, and indicates whether ribbons are expanding (EXP) or contracting (CON).
Ribbon crossovers occur when the fast ribbon crosses the slow ribbon, signaling potential momentum shifts. These crossovers are confirmed only after the bar closes to prevent false signals from intrabar movement.
REVERSAL CLOUDS: PROBABILITY ZONES
The sixth major component is the Reversal Cloud system, which visualizes zones where momentum reversals have elevated probability.
WHAT ARE REVERSAL CLOUDS
Reversal clouds are shaded areas around the QMF oscillator that indicate probability zones for mean reversion. They answer the question: How far from average has momentum extended, and what is the probability it will revert?
When the oscillator moves far from its normal range, it creates stretched conditions. Like a rubber band pulled to its limit, the probability increases that it will snap back toward center. Reversal clouds visualize these stretched conditions.
CLOUD CALCULATION METHODS
Five different calculation methods are available, each with different characteristics:
DYNAMIC BOLLINGER
Uses statistical standard deviation to create bands that adapt to oscillator volatility. When the oscillator is volatile, bands widen. When the oscillator is calm, bands narrow. This method identifies moves that are statistically significant relative to recent oscillator behavior.
GOLDEN RATIO
Applies Fibonacci proportions (0.214 and 0.786) to the oscillator range. These ratios appear throughout nature and markets. Some traders believe these proportions have psychological significance in market behavior.
ADAPTIVE HALO
Scales cloud width based on price ATR rather than oscillator volatility. This connects cloud width to actual price volatility, making the clouds wider during volatile price action and narrower during calm periods.
VOLATILITY SQUEEZE
Uses short-term standard deviation to create bands that contract during low volatility and expand during high volatility. This method is particularly useful for identifying potential breakout conditions when volatility is compressed.
ICHIMOKU RSI
Applies concepts from Ichimoku Kinko Hyo equilibrium theory to create balanced zones. Uses multiple lookback periods to establish equilibrium levels where the oscillator tends to find balance.
HOW TO READ THE CLOUDS
The oscillator moves through the cloud area as momentum fluctuates:
When QMF enters the upper cloud region, it indicates extended bullish momentum. The higher into the cloud, the greater the probability of bearish reversal through mean reversion.
When QMF enters the lower cloud region, it indicates extended bearish momentum. The deeper into the cloud, the greater the probability of bullish reversal through mean reversion.
Cloud opacity adjusts based on reversal probability. More opaque coloring indicates higher reversal probability. Subtle coloring indicates lower reversal probability.
IMPORTANT UNDERSTANDING
Clouds show probability zones, not certainty. Price can remain in extreme zones longer than expected, particularly during strong trends. Clouds are most useful when combined with other components like divergence, S/R breaks, and ribbon alignment rather than used in isolation.
MULTI-TIMEFRAME ANALYSIS: SEEING THE BIGGER PICTURE
The seventh major component is Multi-Timeframe (MTF) analysis, which calculates QMF values across multiple timeframes to assess momentum alignment at different time perspectives.
WHY MULTIPLE TIMEFRAMES MATTER
The timeframe you trade on shows only one perspective of market momentum. A bullish signal on a 15-minute chart may occur within a larger bearish trend on the 4-hour chart. Understanding momentum context from higher timeframes helps you assess whether you are trading with or against the larger flow.
When multiple timeframes align in the same direction, the probability of a successful trade increases. When timeframes conflict, the situation is more uncertain and requires additional caution.
HOW MTF ANALYSIS WORKS
The indicator calculates the full QMF oscillator independently on four configurable timeframes. By default, these are set to 5-minute, 15-minute, 60-minute (1 hour), and 240-minute (4 hour), but you can configure them to any timeframes that suit your trading style.
For each timeframe, the system determines the current momentum bias:
OB - Overbought: QMF above 70, indicating extended bullish momentum that may reverse
B+ - Strong Bullish: QMF above 55 and above its signal line, indicating solid bullish momentum
B - Bullish: QMF above its signal line, indicating mild bullish momentum
N - Neutral: QMF near 50 with no clear direction
S - Bearish: QMF below its signal line, indicating mild bearish momentum
S+ - Strong Bearish: QMF below 45 and below its signal line, indicating solid bearish momentum
OS - Oversold: QMF below 30, indicating extended bearish momentum that may reverse
ALIGNMENT SCORING
The dashboard displays an alignment score showing how many of the four timeframes agree with each directional bias. This appears as a fraction like 3/4 or 2/4.
4/4 Bullish: All four timeframes show bullish readings - maximum bullish alignment
3/4 Bullish: Three timeframes bullish, one diverging - strong bullish alignment
2/4: Split between bullish and bearish - no clear alignment, use caution
3/4 Bearish: Three timeframes bearish, one diverging - strong bearish alignment
4/4 Bearish: All four timeframes show bearish readings - maximum bearish alignment
Higher alignment scores indicate more reliable momentum context. Trading with 3/4 or 4/4 alignment in your favor provides better odds than trading against alignment or during mixed conditions.
NON-REPAINTING MTF DATA
The multi-timeframe data uses proper request.security settings with lookahead disabled and gaps handled correctly. This ensures the MTF readings you see in backtesting match what you would see in real-time trading, with no future data leakage that could create misleading results.
LIVE MOMENTUM SCORING: REAL-TIME MARKET ASSESSMENT
The eighth major component is the Live Momentum Scoring system, which provides continuous real-time feedback on current market conditions.
WHAT IS LIVE MOMENTUM SCORING
Unlike signals which only appear when specific patterns complete, live momentum scores update every bar to show the current balance between bullish and bearish factors. This answers the question: Right now, how do the bullish factors compare to the bearish factors?
The system evaluates six categories for each direction and adds up points:
ZONE POSITION (0-25 points)
Rewards positioning in favorable oscillator zones. Deep oversold positioning adds points to the bullish score. Deep overbought positioning adds points to the bearish score. Extreme zones receive maximum points, moderate zones receive partial points, neutral zones receive zero.
DIVERGENCE (0-20 points)
Rewards active or forming divergence patterns. Confirmed divergence receives full points. Forming (checking) divergence receives partial credit. No divergence receives zero points.
TREND ALIGNMENT (0-20 points)
Rewards proper EMA stacking and trend MA positioning. Full bullish EMA stack (fast above medium above slow above trend MA) receives maximum bullish points. Partial alignment receives partial points.
MOMENTUM DIRECTION (0-15 points)
Rewards current momentum direction and acceleration. Accelerating momentum in the favorable direction receives maximum points. Simple directional momentum receives moderate points. Histogram turning (early reversal signs) receives partial points.
RIBBON STATE (0-10 points)
Rewards proper ribbon alignment and expansion. Aligned and expanding ribbons receive maximum points. Aligned but contracting ribbons receive moderate points. Mixed ribbons receive zero points.
MULTI-TIMEFRAME (0-10 points)
Rewards higher timeframe alignment. 4/4 alignment receives maximum points, scaling down as alignment decreases.
READING THE LIVE SCORES
The dashboard displays current scores for both directions:
BULL: Shows bullish score as percentage (0-100) and letter grade (A through D)
BEAR: Shows bearish score as percentage (0-100) and letter grade (A through D)
BIAS: Shows which direction currently dominates (BULL, BEAR, or NEUTRAL if close)
Grade thresholds:
A Grade: 70% or higher - Strong momentum factors aligned
B Grade: 50-69% - Moderate momentum factors present
C Grade: 30-49% - Some momentum factors but incomplete
D Grade: Below 30% - Weak or missing momentum factors
The dominant bias shows which direction currently has stronger factors. When one side leads by more than 10 points, it shows that direction. Otherwise, it shows NEUTRAL indicating balanced or mixed conditions.
WHY LIVE SCORING MATTERS
Live scores help you understand current market conditions even when no signal has fired. You can see momentum building or fading in real-time. A rising bullish score suggests conditions are improving for potential long opportunities. A rising bearish score suggests conditions are deteriorating.
This continuous feedback helps with:
- Anticipating potential signals before they fire
- Assessing whether to act on signals that do fire
- Understanding why a signal did or did not appear
- Monitoring open positions for changing conditions
THE DASHBOARD: YOUR ANALYSIS CONTROL CENTER
The dashboard provides a comprehensive real-time summary of all indicator components in one organized table. It displays on the price chart using force overlay so it remains visible regardless of which pane you are focused on.
DASHBOARD LAYOUT
The dashboard can be configured in three detail levels:
COMPACT MODE
Shows only essential information: QMF value, zone status, S/R status, and volume. Uses minimal screen space for traders who want the indicator to remain unobtrusive.
STANDARD MODE
Shows balanced detail including QMF values, zone status, last signal information, grade statistics, divergence status, S/R and volume status, live momentum scores, and MTF panel. Suitable for most traders.
FULL MODE
Shows maximum detail including everything in Standard mode plus EMA structure, ribbon state, volatility regime, signal statistics breakdown, and trendline counts. For traders who want complete information access.
DASHBOARD ROWS EXPLAINED
Row 1 - HEADER
Shows indicator name for identification.
Row 2 - QMF VALUES
Displays three values:
- QMF with directional arrow showing current oscillator value and whether it is rising, falling, or unchanged
- SIG showing the signal line value
- Histogram value with plus or minus sign showing the difference between QMF and signal line
Row 3 - PROGRESS BAR
Visual representation of oscillator position from 0 to 100 using text characters. Provides quick visual reference without needing to look at the oscillator pane.
Row 4 - ZONE STATUS
Text classification of current zone with color coding:
- EXTREME OB (red): Oscillator at or above extreme overbought level
- OVERBOUGHT (light red): Oscillator in overbought zone
- BULLISH (light green): Oscillator above 55 but below overbought
- NEUTRAL (gray): Oscillator between 45 and 55
- BEARISH (light red): Oscillator below 45 but above oversold
- OVERSOLD (light blue): Oscillator in oversold zone
- EXTREME OS (blue): Oscillator at or below extreme oversold level
Row 5 - LAST SIGNAL (Standard and Full mode)
Shows information about the most recent signal:
- Direction and grade (LONG A, SHORT B, etc.)
- Bars ago since signal fired
- Entry price when signal fired
- Current profit/loss from that price level
This helps track performance of recent signals and manage any open positions based on them.
Row 6 - GRADE STATISTICS (Standard and Full mode)
Running count of signals generated:
- A: Count of Grade A signals
- B: Count of Grade B signals
- C: Count of Grade C signals
- T: Total signal count
This provides perspective on signal frequency and grade distribution over the visible chart period.
Row 7 - DIVERGENCE STATUS (Standard and Full mode)
Current state of divergence detection:
- CHECKING BULL: Bullish divergence pattern forming, not yet confirmed
- CHECKING BEAR: Bearish divergence pattern forming, not yet confirmed
- BULL CONFIRMED: Bullish divergence validated
- BEAR CONFIRMED: Bearish divergence validated
- NONE: No divergence currently active
Row 8 - S/R AND VOLUME
Two pieces of information:
- S/R status: Shows R BROKEN (resistance broken upward), S BROKEN (support broken downward), AT RES (testing resistance), AT SUP (testing support), or CLEAR (between levels)
- Volume status: Shows HIGH (volume 1.5x or more above average), MID (volume near average), or LOW (volume below average)
Row 9 - LIVE MOMENTUM (Standard and Full mode)
Real-time momentum scoring:
- BULL: Bullish percentage and letter grade
- BEAR: Bearish percentage and letter grade
- Dominant bias indicator
Row 10-11 - MTF PANEL (when enabled, Standard and Full mode)
Multi-timeframe status:
- Top row shows the four timeframe labels
- Bottom row shows the status code for each timeframe (OB, B+, B, N, S, S+, OS)
- Final cell shows alignment score as X/4
FULL MODE ADDITIONAL ROWS
Structure row: Shows EMA stack status (BULL STACK, BEAR STACK, or relationship between fast and slow) and trend MA position (ABOVE MA or BELOW MA)
Stats row: Shows count of long signals, short signals, and active trendlines
Ribbon row: Shows ribbon state (BULL, BEAR, NEUT), expansion status (EXP or CON), and volatility regime (H-VOL for high volatility, L-VOL for low volatility, N-VOL for normal)
DASHBOARD POSITIONING AND SIZING
Position options: Top Left, Top Center, Top Right, Middle Left, Middle Right, Bottom Left, Bottom Center, Bottom Right
Size options: Tiny (minimal space), Small (balanced), Normal (maximum readability)
Choose a position that does not obscure important price action on your chart and a size that balances readability with space efficiency.
HOW SIGNALS EMERGE FROM CONFLUENCE
After understanding all the individual components, it becomes clear how signals are generated. Signals in QMF are not arbitrary triggers based on single conditions. They emerge when multiple independent factors align to create confluence.
THE PATTERN-BASED APPROACH
The signal system uses a hierarchical pattern-based approach. Rather than calculating a score from random factors and labeling it, the system actively hunts for specific predefined pattern combinations.
The system first checks for Grade A patterns. If none are found, it checks for Grade B patterns. If none are found, it checks for Grade C patterns. Each grade represents specific combinations of factors that must be present together.
GRADE A REQUIREMENTS
Grade A patterns require multiple strong factors aligned. Examples of Grade A pattern combinations:
Pattern A1 - Perfect Storm Reversal:
- Extreme zone positioning (deeply oversold or overbought)
- Confirmed regular divergence
- Structural break (resistance broken or support broken or trendline broken)
- Strong volume conviction (1.3x or higher)
- High MTF alignment (3 or more timeframes agreeing)
Pattern A2 - Breakout Conviction:
- Resistance or support broken
- Accelerating momentum in the breakout direction
- Full EMA stack aligned
- Ribbon aligned and expanding
- Strong volume conviction (1.4x or higher)
- Good MTF alignment (2 or more timeframes)
Pattern A3 - Zone Reversal Multi-Confirmation:
- Extreme or standard zone positioning
- Regular or hidden divergence confirmed
- Active bounce from zone
- EMA crossover or MA break in reversal direction
- Good MTF alignment (2 or more timeframes)
- Volume conviction present (1.2x or higher)
All factors in the pattern must be present simultaneously. Missing any single factor disqualifies the Grade A pattern.
GRADE B REQUIREMENTS
Grade B patterns require fewer but still meaningful confirmations. These patterns fire only when no Grade A pattern is detected:
Pattern B1 - Zone with Confirmation:
- Oversold or overbought zone positioning
- Momentum in reversal direction
- Hidden divergence, EMA crossover, or trendline break present
- Minimum MTF alignment met
Pattern B2 - Divergence with Structure:
- Regular or hidden divergence confirmed
- Structural break (S/R or trendline or MA)
- Momentum confirming direction
- Volume at least average
Pattern B3 - Clean Trend Continuation:
- Above or below trend MA
- Ribbon aligned in direction
- Oscillator crossed signal line
- EMA stack complete
GRADE C REQUIREMENTS
Grade C patterns require basic confirmations. These patterns fire only when no Grade A or Grade B pattern is detected:
Pattern C1 - Early Zone Entry:
- Zone positioning or approaching zone
- Momentum in expected direction
- Oscillator or EMA crossover present
Pattern C2 - Momentum Shift:
- Histogram turning in expected direction
- Oscillator crossover confirmed
- Oscillator on expected side of midline
SIGNAL QUALITY CONTROLS
Beyond pattern detection, several quality controls must be satisfied:
COOLDOWN
A minimum number of bars must pass between any two signals. This prevents signal clustering during volatile conditions and ensures each signal represents a distinct opportunity.
DIRECTION ALTERNATION
When enabled, signals must alternate between LONG and SHORT. After a LONG signal, only SHORT signals can fire until direction changes. This prevents multiple consecutive signals in the same direction.
PULLBACK REQUIREMENT
After a signal fires, the oscillator must retrace a minimum percentage before another same-direction signal can fire. This ensures re-entry signals occur after meaningful pullbacks rather than immediately after the first signal.
VOLUME CONFIRMATION (Optional)
When enabled, volume must meet minimum threshold relative to average. This filters out signals during low-volume periods when moves may lack follow-through.
BAR CONFIRMATION
All signals require barstate.isconfirmed, meaning they only fire after the bar closes. This prevents signals from appearing and disappearing during live bar formation, ensuring backtest results match live behavior.
A comprehensive example that combines signal generation logic, grading system, with all elements clearly annotated for easy understanding.
SETTINGS REFERENCE
This section provides a reference for the main configurable settings organized by category.
QUANTUM ENGINE SETTINGS
Sensitivity (5-50): Primary lookback period for momentum calculations. Lower values respond faster but may include more noise. Higher values smooth the oscillator but increase lag. Default 14 balances responsiveness with stability.
Smoothing (1-10): Exponential smoothing applied to final QMF value. Higher values reduce noise, lower values preserve detail. Default 3 provides good noise reduction.
Adaptive Mode: When enabled, automatically adjusts sensitivity based on volatility regime. Increases sensitivity during high volatility, decreases during low volatility.
Dimension Toggles: Enable or disable each of the four dimensions (Velocity, Volume, Volatility, Session) individually. Useful for customizing the oscillator for specific instruments or conditions.
Dimension Weights: Adjust relative contribution of each dimension. Weights are normalized so they do not need to sum to 1.0. Higher weight means that dimension has more influence on the final value.
Signal Length: EMA period for the signal line. Lower values make signal line more responsive, higher values make it smoother.
DISPLAY SETTINGS
Display Mode: Choose between Energy Candles, QMF Line, Impulse Bars, or Heikin Flow visualization.
Candle Glow: Adds luminous glow effect around energy candles based on momentum strength. Visually striking but can impact performance on slower systems.
Glow Layers: Number of glow layers when candle glow is enabled. More layers create smoother gradient but use more resources.
VISUAL SETTINGS
Theme: Choose between Tokyo Night (dark blue with vibrant accents), Dracula (purple-grey with high contrast), or Nord (muted arctic tones). Each theme is designed for extended trading sessions.
Glow Intensity: Controls transparency of glow effects. Lower values create more visible glows, higher values more subtle.
Enable Glow Effects: Master toggle for all glow effects around candles and levels.
REVERSAL CLOUD SETTINGS
Enable Reversal Clouds: Toggle cloud display on or off.
Cloud Style: Choose calculation method (Dynamic Bollinger, Golden Ratio, Adaptive Halo, Volatility Squeeze, Ichimoku RSI).
Cloud Transparency: Higher values make clouds more transparent, lower values more visible.
Cloud Width: Multiplier for cloud width. Higher values create wider reversal zones.
FLOW RIBBON SETTINGS
Enable Ribbons: Toggle ribbon display.
Fast/Medium/Slow Ribbon: Period for each ribbon EMA. Faster periods respond quicker, slower periods show longer-term trend.
DIVERGENCE SETTINGS
Enable Divergence: Toggle divergence detection.
Pivot Sensitivity: Bars required on each side to confirm pivot point. Higher values detect more significant pivots but may miss shorter-term divergences.
Confirmation Bars: Bars to wait after pivot detection before confirming divergence.
Min Strength Pct: Minimum divergence strength percentage to display. Higher values filter out weaker divergences.
Show Lines: Draw connecting lines between divergence pivots.
Min/Max Distance: Range of bars between pivots for valid divergence.
SIGNAL SYSTEM SETTINGS
Enable Signals: Toggle signal generation.
Show Signals: Filter by grade (A Only, A and B, All Grades).
Cooldown Bars: Minimum bars between signals.
Pullback Required Pct: Percentage pullback needed before same-direction signal.
Require Direction Alternation: Force signals to alternate LONG and SHORT.
Fast/Slow EMA: Periods for EMA crossover analysis.
Trend MA: Period for trend-defining moving average.
Min MTF Alignment: Minimum timeframes that must align for higher grades.
Require Volume Confirmation: Make volume threshold mandatory for signals.
Min Volume Ratio: Minimum volume relative to average when required.
TRENDLINE SETTINGS
Enable Trendlines: Toggle automated trendline detection.
Pivot Left/Right: Bars for pivot detection.
Extension Bars: How far to extend lines into future.
Min Touch Points: Minimum pivots to validate line.
Enable Strength Filter: Filter by calculated strength.
Minimum Strength: Threshold for strength filter.
Show Trendline Zones: Display shaded zones around lines.
Zone Width StdDev: Standard deviation multiplier for zone width.
Line Style: Solid, Dashed, or Dotted.
Line Width: Thickness in pixels.
Show Touch Points: Display circle markers at pivots.
Show Strength Labels: Display strength percentage at line end.
SUPPORT RESISTANCE SETTINGS
Enable S/R: Toggle dynamic S/R display.
Pivot Lookback: Period for detecting S/R pivots.
DASHBOARD SETTINGS
Enable Dashboard: Toggle dashboard display.
Position: Screen position (8 options).
Size: Tiny, Small, or Normal.
Style: Compact, Standard, or Full detail level.
MTF Panel: Include or exclude multi-timeframe panel.
MTF 1-4: Timeframe selections for MTF analysis.
LEVEL SETTINGS
Overbought/Oversold: Standard zone thresholds.
Extreme OB/OS: Extreme zone thresholds.
PRACTICAL EXAMPLE: READING THE COMPLETE PICTURE
This example walks through analyzing a chart using all the indicator components together.
SCENARIO: You are analyzing a 15-minute chart looking for trading opportunities.
STEP 1: ASSESS OSCILLATOR ZONE
You look at the QMF oscillator and see it reading 24, which is in the oversold zone. The dashboard confirms this showing OVERSOLD in the zone status. The progress bar shows the oscillator is in the lower portion of its range.
Initial assessment: The market has experienced significant selling pressure and is in territory where bullish reversals have elevated probability.
STEP 2: CHECK STRUCTURE
You look at the dynamic S/R levels. The oscillator recently touched its support level at 22 and bounced. You see an S with checkmark marker indicating support held. The dashboard shows AT SUP status.
Assessment update: The oscillator found support at a level that has held before. This adds to the bullish case.
STEP 3: EXAMINE TRENDLINES
You notice a resistance trendline connecting recent oscillator highs that has been declining. The oscillator is currently approaching this trendline from below. No break has occurred yet.
Assessment update: There is overhead resistance that will need to be cleared. A break above would be significant.
STEP 4: CHECK DIVERGENCE
The dashboard shows BULL CONFIRMED in the divergence status. Looking at the oscillator, you see a BULL DIV label with a dotted line connecting two pivot lows. The oscillator made a higher low while price made a lower low.
Assessment update: Confirmed bullish divergence suggests selling momentum is weakening despite price continuing lower. This is a meaningful signal of potential reversal.
STEP 5: EVALUATE RIBBONS
The ribbons are currently mixed with fast below medium but both above slow. Ribbon fill is gray indicating transitioning state. However, you notice the fast ribbon is turning upward and approaching the medium ribbon from below.
Assessment update: Ribbons are not yet aligned bullish, but appear to be transitioning. A bullish crossover may be approaching.
STEP 6: CHECK MTF ALIGNMENT
The dashboard MTF panel shows: 5m is B+, 15m is B, 1H is N, 4H is S. The alignment shows 2/4 bullish.
Assessment update: Lower timeframes support bullish bias, but higher timeframes are neutral or bearish. This is mixed alignment, suggesting caution. Any bullish move may face resistance from higher timeframe sellers.
STEP 7: REVIEW LIVE MOMENTUM SCORES
Dashboard shows BULL at 52% Grade B, BEAR at 28% Grade D. Dominant bias shows BULL.
Assessment update: Bullish factors currently outweigh bearish factors. The score suggests moderate bullish conditions, not yet strong.
STEP 8: SYNTHESIS
Putting it together:
- Oversold zone positioning (bullish factor)
- Support held (bullish factor)
- Bullish divergence confirmed (strong bullish factor)
- Ribbons transitioning but not yet aligned (neutral)
- MTF alignment mixed at 2/4 (caution factor)
- Live score favors bullish moderately (supporting factor)
- Resistance trendline overhead (risk factor)
Conclusion: Conditions favor a bullish reversal but with caution warranted due to mixed MTF alignment and overhead resistance. This would not qualify for a Grade A signal due to insufficient MTF alignment. If a signal fires, it would likely be Grade B.
STEP 9: SIGNAL FIRES
Several bars later, the oscillator crosses above its signal line while still in oversold territory. The EMA fast crosses above EMA slow. A LONG B signal appears at 85% confluence.
The signal represents: Oversold positioning plus confirmed divergence plus momentum crossover, meeting Grade B pattern requirements.
STEP 10: MONITORING
After entry, you monitor the dashboard for changing conditions. Live momentum scores continue rising. The resistance trendline breaks (TL up arrow marker appears). Ribbons align bullish. MTF alignment improves to 3/4 as the 1H turns bullish.
The improving conditions confirm the trade thesis. You hold the position as conditions strengthen.
ALERTS AVAILABLE
28 alert conditions are available covering all major events. To set up alerts, click the alert icon in TradingView, select this indicator, and choose the desired condition.
SIGNAL ALERTS
- A-Grade LONG Signal: Highest probability bullish entry
- A-Grade SHORT Signal : Highest probability bearish entry
- B-Grade LONG Signal: Solid bullish entry
- B-Grade SHORT Signal: Solid bearish entry
- Any LONG Signal: Any bullish signal regardless of grade
- Any SHORT Signal: Any bearish signal regardless of grade
DIVERGENCE ALERTS
- Regular Bullish Divergence: Classic bullish reversal pattern
- Regular Bearish Divergence: Classic bearish reversal pattern
- Hidden Bullish Divergence: Bullish continuation pattern
- Hidden Bearish Divergence: Bearish continuation pattern
- Any Bullish Divergence: Either regular or hidden bullish
- Any Bearish Divergence: Either regular or hidden bearish
STRUCTURE ALERTS
- Trendline Break Up : Resistance trendline broken
- Trendline Break Down: Support trendline broken
- Resistance Broken: S/R resistance level broken
- Support Broken: S/R support level broken
CROSSOVER ALERTS
- EMA Cross Up : Fast EMA crossed above slow EMA
- EMA Cross Down : Fast EMA crossed below slow EMA
- Trend MA Break Up: Oscillator crossed above trend MA
- Trend MA Break Down: Oscillator crossed below trend MA
ZONE ALERTS
- Entered Overbought Zone: Oscillator entered overbought
- Entered Oversold Zone: Oscillator entered oversold
- Entered Extreme Overbought: Oscillator reached extreme overbought
- Entered Extreme Oversold: Oscillator reached extreme oversold
RIBBON ALERTS
- Ribbon Cross Up: Fast ribbon crossed above slow ribbon
- Ribbon Cross Down: Fast ribbon crossed below slow ribbon
BOUNCE ALERTS
- Bounce From Oversold: Active reversal from oversold zone
- Bounce From Overbought : Active reversal from overbought zone
NON-REPAINTING Structure
All visual elements and signals in this indicator are non-repainting:
- Signals use barstate.isconfirmed to fire only after bar close
- Divergence confirmation waits for pivot validation
- Trendline breaks confirm after bar close
- S/R breaks confirm after bar close
- MTF data uses lookahead off setting
- No future data is used in any calculation
What you see in backtesting accurately represents what would have appeared in real-time trading.
RISK DISCLAIMER
This indicator is provided for educational and informational purposes only. It does not constitute financial advice, investment advice, or trading advice.
Trading financial instruments involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. The analysis provided by this indicator should not be relied upon as the sole basis for any trading decision.
Before trading:
- Understand you may lose some or all of your investment
- Never trade with money you cannot afford to lose
- Conduct your own research and due diligence
- Consider consulting with a qualified financial advisor
- Practice with paper trading before risking real capital
- Implement proper risk management with recommended maximum 1-2% risk per trade
By using this indicator, you acknowledge that you have read and understood this disclaimer and accept full responsibility for your trading decisions.
Volume Delta Candles 5TF + MTF Candles [SYNC & TRADE]Volume Delta Candles 5TF + MTF Candles Script Description (English)
Purpose
The Volume Delta Candles 5TF + MTF Candles script is an analytical tool for traders leveraging volume delta and multi-timeframe (MTF) analysis. It visualizes volume delta (the difference between buying and selling volumes) across five timeframes, aiding in the identification of manipulations, strong market impulses, and trend signals.
Additionally, it overlays higher timeframe candles on the current chart, providing context for decision-making.
The indicator is ideal for traders focusing on volume, manipulation analysis, or trend-following strategies. Its uniqueness lies in its detailed five-timeframe delta analysis, automated timeframe selection, and customizable settings.
Volume Delta Analysis
Volume delta is the core metric of the script, representing the difference between buying and selling volumes over a given period. It is divided into five levels, each corresponding to one of the five timeframes, enabling traders to observe how market activity varies across temporal scales. The primary delta is automatically adjusted based on the selected chart timeframe, ensuring relevance.
Timeframe Selection
Primary Timeframes: Automatically determined based on the chart, including monthly, weekly, daily, 4-hour, and hourly periods. These cover long- and medium-term trends, providing a robust context.
Lower Timeframes: Optimized to capture significant short-term movements. These are shorter than primary timeframes and focus on market micro-activity, such as manipulations or impulses.
Five Timeframe Interconnection
The five timeframes provide a comprehensive analysis by balancing granularity and context. Each timeframe evaluates volume delta, creating a layered perspective:
Short Timeframes: Capture immediate changes in activity (e.g., buying or selling spikes).
Long Timeframes: Assess the sustainability of movements, filtering out short-term noise. Delta for each timeframe is displayed as a separate candle, with color and size reflecting its magnitude and direction. This allows traders to compare short-term actions against broader trends.
Delta’s Impact on Candles
Volume delta directly influences candle visualization, reflecting market dynamics. Splitting delta into five parts (one per timeframe) makes the analysis intuitive. Key scenarios include:
Small Delta on Lower Timeframe, Large on Higher:
Description: A low timeframe shows minimal delta (e.g., slight buying/selling difference), while a higher timeframe shows significant delta (e.g., strong buying dominance).
Interpretation: Suggests large players accumulating positions on the higher timeframe, masked by low activity on the lower. Traders may enter in the direction of the higher trend.
Visualization: The lower timeframe candle is narrow and faint, while the higher timeframe candle is wide and vibrant (blue for positive delta, red for negative).
Large Delta on Lower Timeframe, Small on Higher:
Description: A low timeframe exhibits strong delta (e.g., a selling surge), but the higher timeframe shows weak activity.
Interpretation: Indicates a short-term impulse or manipulation unsupported by the broader trend. Traders should be cautious, as the move may be false.
Visualization: The lower timeframe candle is bright and wide, while the higher timeframe candle is faint and narrow.
Reverse Delta:
Description: A lower timeframe shows positive delta (buying dominance), while a higher timeframe shows negative delta (selling dominance), or vice versa.
Interpretation: Suggests potential manipulation or reversal. For example, short-term buying may be absorbed by selling on a higher timeframe, signaling bearish weakness.
Visualization: Candles on different timeframes have opposing colors (e.g., blue on lower, red on higher).
Deltas in Both Directions:
Description: Delta alternates between positive and negative across timeframes without clear dominance.
Interpretation: Reflects market indecision or consolidation. Traders should wait for clearer signals or use additional indicators.
Visualization: Candles across timeframes show mixed colors and sizes, creating a “scattered” pattern.
Empty Candles (Void):
Description: Delta on one or more timeframes is near zero despite price movement.
Interpretation: Indicates false movement or lack of market interest, often tied to manipulations like false breakouts.
Visualization: Marked with a diamond (void manipulation), with the candle appearing minimal and faint.
Utility
Detailed Delta Analysis: Five delta levels reveal market activity from micro- to macro-levels.
Manipulation Detection: Highlights candles with price-delta divergence, aiding in spotting false moves.
Strong Candles: Marks impulsive moves with high delta and volume.
MTF Analysis: Displays higher timeframe candles, simplifying trend and key level analysis.
Versatility: Sensitivity settings make it suitable for stocks, forex, crypto, and all timeframes.
How to Use
Adding to Chart:
Open TradingView and select an asset.
Find “Volume Delta Candles 5TF + MTF Candles ” in the “Indicators” menu.
Confirm access (invite-only script).
Interpreting Signals:
Delta Candles: Colored by delta direction (blue for positive, red for negative). Color intensity and candle size reflect delta strength across five timeframes.
Manipulations:
Triangles: Strong price-delta divergence.
Crosses: Weak divergence.
Diamonds: Void candles with minimal delta.
Strong Candles: Circles below/above candles indicate high-delta impulses.
MTF Candle: A transparent higher timeframe candle shows trend and range.
Trading Application:
Use manipulations to spot reversals or false breakouts.
Confirm impulses with strong candles and higher timeframe delta.
Analyze MTF candles for trend context.
Compare delta across all five timeframes to filter signals.
Combine with support/resistance or other indicators.
Settings
Parameters are grouped for ease of customization.
1. Labels
Show Manipulations: Display strong manipulation labels (triangles).
Show Void Manipulations: Show void manipulations (diamonds).
Show Delta Sandwich: Reserved for future updates.
Show Strong Candles: Display strong candles (circles).
2. Filters (Strong Candle Filter)
Filter Sensitivity: Filter sensitivity:
Normal: For stable markets.
Medium: For moderate volatility.
Sensitive: For high-frequency trading.
3. Delta Colors
Delta 1↑ (Main): Color for positive delta on the main timeframe.
Delta 1↓ (Main): Color for negative delta on the main timeframe.
Other timeframes use derived colors with varying opacity.
4. Timeframes
Timeframe Sensitivity: Sensitivity for lower timeframes:
Normal: Standard division.
Medium: More detailed analysis.
Sensitive: Maximum detail.
5. MTF Candle
Show MTF Candle: Display higher timeframe candle.
Bullish/Bearish Color: Colors for bullish/bearish candles.
Show High/Low: Show highs/lows.
High/Low Color: Color for high/low lines.
MTF Timeframe: Select higher timeframe (default: daily).
Описание скрипта Volume Delta Candles 5TF + MTF Candles (Русский)
Назначение
Скрипт Volume Delta Candles 5TF + MTF Candles — это аналитический инструмент для трейдеров, использующих дельту объема и анализ нескольких таймфреймов (MTF). Он визуализирует дельту объема (разницу между объемами покупок и продаж) на пяти таймфреймах, помогая выявлять манипуляции, сильные рыночные импульсы и трендовые сигналы. Дополнительно скрипт отображает свечи старшего таймфрейма на текущем графике, предоставляя контекст для принятия решений.
Индикатор подходит для трейдеров, работающих с объемами, анализом манипуляций или трендовыми стратегиями. Его уникальность заключается в детализированном анализе дельты объема на пяти таймфреймах, адаптивной автоматизации таймфреймов и гибких настройках.
Анализ дельты объема
Дельта объема — это ключевая метрика скрипта, отражающая разницу между объемами покупок и продаж за определенный период. Она разделена на пять уровней, соответствующих пяти таймфреймам, что позволяет трейдерам видеть, как рыночная активность варьируется на разных временных масштабах. Основная дельта подбирается автоматически в зависимости от выбранного таймфрейма графика, обеспечивая релевантность анализа.
Выбор таймфреймов
Основные таймфреймы: Автоматически определяются на основе текущего графика и включают месяц, неделю, день, 4 часа и час. Эти таймфреймы выбраны для охвата долгосрочных и среднесрочных трендов, обеспечивая контекст для анализа.
Нижние таймфреймы: Подбираются методом оптимизации для выявления наиболее значимых краткосрочных движений. Они короче основных таймфреймов и фокусируются на микроактивности рынка, такой как манипуляции или импульсы.
Взаимосвязь пяти таймфреймов
Пять таймфреймов обеспечивают комплексный анализ, сочетая детализацию и контекст. Каждый таймфрейм анализирует дельту объема, создавая многослойную картину:
Короткие таймфреймы: Улавливают моментальные изменения активности (например, всплеск покупок или продаж).
Длинные таймфреймы: Оценивают устойчивость движений, фильтруя шум краткосрочных колебаний. Дельта на каждом таймфрейме отображается отдельной свечой, с цветом и размером, зависящими от ее величины и направления. Это позволяет трейдерам сравнивать, как краткосрочные действия соотносятся с более широкими трендами.
Влияние дельты на свечи
Дельта объема напрямую влияет на визуализацию свечей, отражая рыночную динамику. Разделение дельты на пять частей (по одному для каждого таймфрейма) делает анализ интуитивно понятным. Рассмотрим ключевые сценарии:
Маленькая дельта на низком таймфрейме, большая на высоком:
Описание: На младшем таймфрейме дельта мала (например, незначительная разница между покупками и продажами), но на старшем таймфрейме дельта велика (например, сильный перевес покупок).
Интерпретация: Это может указывать на накопление позиций крупными игроками на старшем таймфрейме, маскируемое низкой активностью на младшем. Трейдеры могут использовать это как сигнал для входа в направлении старшего тренда.
Визуализация: Свеча младшего таймфрейма будет узкой и бледной, а свеча старшего — широкой и яркой (синяя для положительной дельты, красная для отрицательной).
Большая дельта на низком таймфрейме, маленькая на высоком:
Описание: На младшем таймфрейме наблюдается сильная дельта (например, всплеск продаж), но на старшем — слабая активность.
Интерпретация: Это может быть краткосрочным импульсом или манипуляцией, не поддерживаемой общим трендом. Трейдеры должны быть осторожны, так как движение может быть ложным.
Визуализация: Свеча младшего таймфрейма яркая и широкая, а старшего — бледная и узкая.
Обратная дельта:
Описание: Дельта на младшем таймфрейме положительная (покупки преобладают), а на старшем — отрицательная (продажи доминируют), или наоборот.
Интерпретация: Указывает на потенциальную манипуляцию или разворот. Например, краткосрочные покупки могут быть поглощены продажами на старшем таймфрейме, сигнализируя о слабости быков.
Визуализация: Свечи разных таймфреймов окрашены в противоположные цвета (например, синяя на младшем, красная на старшем).
Дельты в оба направления:
Описание: На разных таймфреймах дельта чередуется между положительной и отрицательной без явного доминирования.
Интерпретация: Отражает неопределенность или консолидацию на рынке. Трейдерам стоит дождаться более четких сигналов или использовать другие индикаторы.
Визуализация: Свечи разных таймфреймов имеют смешанные цвета и размеры, создавая «разбросанную» картину.
Пустые свечи (Void):
Описание: Дельта на одном или нескольких таймфреймах близка к нулю, несмотря на движение цены.
Интерпретация: Указывает на ложное движение или отсутствие интереса участников рынка. Это часто связано с манипуляциями, такими как ложные пробои.
Визуализация: Отмечается ромбовидной меткой (void-манипуляция), а свеча имеет минимальный размер и бледный цвет.
Полезность
Детализированный анализ дельты: Пять уровней дельты показывают, как рыночная активность варьируется от микро- до макроуровня.
Обнаружение манипуляций: Маркирует свечи с расхождением цены и дельты, помогая выявить ложные движения.
Сильные свечи: Выделяет импульсные движения с высокой дельтой и объемом.
MTF-анализ: Отображает свечи старшего таймфрейма, упрощая анализ трендов и ключевых уровней.
Универсальность: Настройки чувствительности делают скрипт подходящим для акций, форекса, криптовалют и любых таймфреймов.
Как использовать
Добавление на график:
Откройте TradingView и выберите актив.
Найдите индикатор «Volume Delta Candles 5TF + MTF Candles » в меню «Индикаторы».
Подтвердите доступ (скрипт invite-only).
Интерпретация сигналов:
Дельта-свечи: Окрашены по направлению дельты (синий — положительная, красный — отрицательная). Интенсивность цвета и размер свечи зависят от силы дельты на каждом из пяти таймфреймов.
Манипуляции:
Треугольники: Сильное расхождение цены и дельты.
Кресты: Слабое расхождение.
Ромбы: Пустые свечи (void), указывающие на минимальную дельту.
Сильные свечи: Круги под/над свечами обозначают импульсы с высокой дельтой.
MTF-свеча: Прозрачная свеча старшего таймфрейма показывает тренд и диапазон.
Применение в торговле:
Используйте манипуляции для поиска разворотов или ложных пробоев.
Подтверждайте импульсы сильными свечами и дельтой на старших таймфреймах.
Анализируйте MTF-свечи для определения трендового контекста.
Сравнивайте дельту на всех пяти таймфреймах для фильтрации сигналов.
Комбинируйте с уровнями поддержки/сопротивления или другими индикаторами.
Настройки
Параметры сгруппированы для удобства настройки.
1. Метки (Labels)
Show Manipulations: Показывать сильные манипуляции (треугольники).
Show Void Manipulations: Показывать void-манипуляции (ромбы).
Show Delta Sandwich: Зарезервировано для будущих обновлений.
Show Strong Candles: Показывать сильные свечи (круги).
2. Фильтры (Strong Candle Filter)
Filter Sensitivity: Чувствительность фильтра:
Normal: Для стабильных рынков.
Medium: Для умеренной волатильности.
Sensitive: Для высокочастотной торговли.
3. Цвета дельты (Delta Colors)
Delta 1↑ (Main): Цвет положительной дельты основного таймфрейма.
Delta 1↓ (Main): Цвет отрицательной дельты основного таймфрейма.
Остальные таймфреймы используют производные цвета с разной прозрачностью.
4. Таймфреймы (Timeframes)
Timeframe Sensitivity: Чувствительность нижних таймфреймов:
Normal: Стандартное деление.
Medium: Более детализированный анализ.
Sensitive: Максимальная детализация.
5. MTF-свеча (MTF Candle)
Show MTF Candle: Показывать свечу старшего таймфрейма.
Bullish/Bearish Color: Цвета бычьей/медвежьей свечи.
Show High/Low: Показывать максимумы/минимумы.
High/Low Color: Цвет линий максимума/минимума.
MTF Timeframe: Выбор старшего таймфрейма (по умолчанию — дневной).
Smart Gap Projection MTF Smart Gap Projection MTF
## Brief Description
Professional indicator for projecting US Dollar Index (DXY) gaps onto the traded instrument with multi-timeframe analysis support and advanced visualization.
---
## Originality and Uniqueness
**Smart Gap Projection MTF** is a unique development that solves the specific task of correlation analysis between the Dollar Index (DXY) and currency pairs, cryptocurrencies, or other dollar-dependent assets.
### What makes this indicator original:
1. **Inter-market gap projection** - the indicator doesn't just display gaps on the current instrument, but projects gaps from the DXY index onto your asset's chart, creating unique trading levels
2. **Dual confirmation system** - uses a mechanism of waiting N candles after a gap appears on DXY to filter false signals
3. **Intelligent lifecycle tracking** - each projected level is tracked until price touch or gap closure on DXY, with automatic visualization changes
4. **Multi-Timeframe extension** - ability to simultaneously display gaps from a lower timeframe of the current instrument to identify intraday opportunities
5. **Adaptive visualization (Heatmap)** - line intensity and width automatically change depending on gap size, helping to visually identify the most significant levels
---
## How the Indicator Works
### Core Operating Principle
The indicator analyzes the US Dollar Index (DXY) price movement in real-time and identifies gaps (price breaks) between candle closes and opens. When a gap forms on DXY, the indicator:
1. **Determines gap type** - bullish (price opened above previous close) or bearish (price opened below)
2. **Checks gap size** - filters insignificant gaps by absolute size (in points) and percentage value
3. **Waits for confirmation** - after detecting a gap, the indicator waits for a specified number of candles (default 3) to confirm that the gap didn't close immediately
4. **Projects the level** - after confirmation, a horizontal line is drawn on the current instrument's chart at the High level (for bullish DXY gap) or Low level (for bearish DXY gap) of the candle where the gap formed
5. **Tracks status** - the indicator continuously monitors:
- Price touching the projected level (line becomes more transparent)
- Gap closure on DXY itself (line changes color to orange)
### Conceptual Foundation
The methodology is based on the observation that:
- Gaps on the Dollar Index often lead to synchronous movements on correlated assets
- Price levels at the moment of DXY gap formation become price magnets
- Gap closure on DXY often coincides with trend reversal on dependent instruments
---
## How to Use the Indicator
### Basic Setup
1. **Add the indicator to the chart** of any asset correlated with the dollar (EUR/USD, GBP/USD, Bitcoin, Gold, etc.)
2. **Configure main parameters:**
- `DXY Symbol` - leave as "TVC:DXY" (standard Dollar Index ticker)
- `Minimum gap size` - minimum gap size in points (0.0001-0.001 for DXY)
- `Confirmation candles` - number of confirmation candles (recommended 3-5)
3. **Set up visualization:**
- Choose colors for bullish and bearish gaps
- Set desired transparency for each gap type
- Enable/disable `Use heatmap` for adaptive visualization
### Timeframe Recommendations
- **Scalping (M1-M5):** use MTF gaps from M1 timeframe, confirmationCandles = 2-3
- **Intraday (M15-H1):** standard settings, can add MTF M5-M15
- **Swing trading (H4-D1):** increase confirmationCandles to 5-10, MTF H1-H4
### Use with Other Instruments
The indicator is universal and works on:
- **Forex:** EUR/USD, GBP/USD, USD/JPY, AUD/USD and other dollar pairs
- **Cryptocurrencies:** BTC/USD, ETH/USD (direct dollar dependency)
- **Commodities:** Gold (XAU/USD), Silver (XAG/USD), Oil
- **Indices:** SPX, NDX, especially during dollar movements
---
## Configuration Parameters
### Main Settings
- **DXY Symbol** - Dollar Index symbol (default TVC:DXY)
- **Minimum gap size** - minimum gap size in points for filtering
- **Minimum gap size (%)** - minimum percentage size (0 = disabled)
- **Confirmation candles** - number of candles for confirmation (1-10)
- **Maximum gaps on chart** - maximum number of displayed projections
### Multi-Timeframe
- **Enable MTF gaps** - enable/disable MTF gaps
- **Timeframe for gaps** - select lower timeframe for search
- **Max MTF gaps** - maximum number of MTF lines (5-2000)
- **Min MTF gap size** - minimum MTF gap size
- **MTF lines color** - MTF lines color
- **MTF lines style** - line style (Solid/Dashed/Dotted)
- **MTF lines width** - MTF lines width (1-3)
### Visualization
- **Extend lines right** - extend lines to the right
- **Use heatmap** - use adaptive visualization (width/brightness from gap size)
- **Stop lines when DXY gap closes** - stop lines when gap closes on DXY
### Colors
- **Bullish gap color** - color of bullish DXY gap lines
- **Bullish Transparency** - transparency of bullish lines (0-90)
- **Bearish gap color** - color of bearish DXY gap lines
- **Bearish Transparency** - transparency of bearish lines (0-90)
- **Line style** - style of all projection lines
### Alerts
- **Alert on new gap** - notification when new gap is confirmed
---
## Features and Advantages
✅ **Inter-market analysis** - uses correlation between DXY and traded asset
✅ **Automatic filtering** - excludes insignificant and quickly closing gaps
✅ **Multi-timeframe analysis** - combines signals from different time periods
✅ **Visual hierarchy** - heatmap automatically highlights most significant levels
✅ **Lifecycle tracking** - each level is monitored until touch or gap closure
✅ **Universality** - works on any dollar-correlated assets
✅ **Non-repainting** - all levels are fixed historically and don't change
✅ **Customizable visualization** - full control over colors, styles and transparency
---
## Limitations and Important Notes
⚠️ **Indicator is not a trading system** - it's a technical analysis tool requiring confirmation by other methods
⚠️ **Works only on assets correlated with DXY** - on instruments without dollar correlation, signals will be ineffective
⚠️ **Requires understanding of inter-market relationships** - recommended to study correlations between DXY and your instrument
⚠️ **DXY data quality** - ensure your data provider supplies correct TVC:DXY history
⚠️ **MTF data** - when using very low MTF timeframes, delays in updates are possible
---
## Who This Indicator Is For
👨💼 **Forex traders** - analyzing macroeconomic dollar movements
📈 **Crypto traders** - considering dollar influence on Bitcoin and altcoins
🥇 **Commodity market traders** - trading gold, silver, oil
📊 **Intraday scalpers** - using MTF for precise entries
📉 **Swing traders** - looking for medium-term entry points at key levels
---
## Disclaimer
This indicator is intended solely for educational and informational purposes. It is not financial advice or a recommendation to act. All trading decisions you make at your own risk. Past results do not guarantee future performance. Always use proper risk management.
Multiple MA with Multi-Display Mode(MTF/Non MTF)Japanese below / 日本語説明は下記
This indicator shows 6MA(SMA or EMA) with 3 different display modes, which are MTF, Non-MTF and Display on Specific Timeframe.
1. MTF mode
2. Non MTF Mode(Display always)
3. Display on specific timeframe
1. MTF mode
MA becomes MTF MA, meaning that a MA is displayed on the timeframe that users select as MTF MA timeframe or lower timeframe.
i.e. If you select Daily timeframe from MTF MA timeframe, MA will be displayed on daily or lower timeframe; daily, 4 hour, 1 hour, 30mins, 15min, 5mins, 1min.
Note: You need to select "MTF MA timeframe" on input screen.
Sample chart
(left: 1 hour, middle: 4 hour, right: Daily, MA setting; 50MA of 4hour chart)
2. Non MTF Mode(Display always)
MA will always be displayed regardless of timeframe that users open.
Note: If you select Non MTF Mode, MTF MA timeframe on input screen is ignored.
3. Display on specific timeframe
When you select this mode, MA will be displayed only on the specific timeframe that you select from “MTF timeframe or Display timeframe” on the input screen.
If you would like an MA to be displayed only on specific timeframe, this would be your choice.(for example, MA on 1 hour chart only)
Sample chart
(left: 1 hour, middle: 4 hour, right: Daily, MA setting; 50MA of 4hour chart)
How to use this indicator?
This indicator is paid indicator and invited-only indicator.
Please contact me via private chat or follow links in my signature so that I can grant the access right to the indicator.
Comment section is only for comments on the indicator or updates. Please refrain from contacting me using comments to follow TradingView house rules.
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6本の移動平均線(MA)を異なる3つのモードで表示できるインジケーターです。(SMAかEMAの選択可)
モード1: MTFモード
モード2: Non-MTFモード(常に表示)
モード3: 特定のタイムフレームのみに表示
1. MTFモード
この表示モードを選択すると、上位足のMAを下位足に表示するMAとなります。
選択した上位足のタイムフレーム(時間軸)と、それ以下のタイムフレームにのみMAが表示されます。
例: 上位足のタイムフレームとして日足を選択した場合、MAは日足、4時間足、1時間足、30分足、15分足、5分足、1分足に表示されます。
サンプルチャート
(左: 1時間足, 中央:4時間足, 右:日足, MA設定: 4時間足の50MA)
2. Non-MTFモード(常に表示)
MAはユーザーの開いているチャートのタイムフレームに関係なく常に表示されます。
一般的な移動平均線と同じ挙動です。
3. 特定のタイムフレームのみに表示
このモードでは移動平均線は指定した特定のタイムフレームにのみ表示されます。
例えば期間50の移動平均線を15分足チャートにだけ表示させたいような要件がある場合、このモードが最適です。
サンプルチャート
(左: 1時間足, 中央:4時間足, 右:日足, MA設定: 4時間足の50MA)
インジケーターの使用について
当インジケーターは招待制インジケーター(有料)となっています。
使用を希望される方はプライベートチャットや下記リンクのDMでご連絡ください。
このページのコメント欄はインジケーターそのものに対するコメントやアップデートの記載のためのものとなっております。Tradingviewのハウスルールを守るためにもコメント欄からの連絡はご遠慮ください。
Multi-Function Stochastic(MTF, divergence, signal and alert)Japanese below / 日本語説明は下記
Overview
Multi-function Stochastic indicator with functions below.
1.MTF with display timeframe control
2.Auto divergence drawing incl. hidden divergence
3.Signal when % K crosses over %D incl. MTF %K and %D
4.Alert when % K crosses over %D
Please see the details below.
Functions:
1.MTF with display timeframe control
You can select one upper timeframe from monthly, weekly, daily, 4hour, 1hour, 30mins, 15mins, 5mins to display upper timeframe’s Stochastic as MTF Stochastic.
How is it different from other MTF indicators?
Problems with other MTF Stochastic indicators are;
-If you set higher timeframe Stochastic, it will also be shown on further higher time frames.
i.e. If you set 4hour chart’s Stochastic on 1 hour or lower time frame charts, it will also appear on daily and weekly chart, which is not necessary.
To tackle these problems, this indicator has incorporated functions below.
-To show MTF Stochastic on timeframe lower than the upper timeframe you set as MTF timeframe.
For example, if you select daily timeframe for MTF Stochastic , the Stochastic will be shown only on 4 hour or lower timeframes(1H, 30M, 15M, 5M, 1M).
Left: 4hour chart, Middle: Daily chart, Right: Weekly chart
If you look at 4hour chart, daily chart’s Stochastic is shown(pale blue and orange) but weekly chart does not show daily chart’s Stochastic.
2.Auto divergence drawing incl. hidden divergence
Divergence line and hidden divergence line will be automatically drawn for the current timeframe Stochastic as per the logic below.
Bearish : When two consecutive pivot highs go up but %K values corresponding to each high go down.
Bullish: When two consecutive pivot lows go down but %K values corresponding to each low go up.
Pivot highs(lows) are identified when those are preceded by n lower highs(lows) and proceeded by n lower highs(lows).
* n is parameterized.
See the diagram below.
Bearish : When two consecutive pivot highs go down but %K values corresponding to each highs go up.
Bullish : When two consecutive pivot lows go up but %K values corresponding to each low go down.
3.Signal when % K crossing %D
Signal will be shown when;
-%K crosses over %D below lower band
-%K crosses under %D above upper band
-%K(MTF) crosses over %D(MTF) below lower band
-%K(MTF) crosses under %D(MTF) above upper band
4.Alert when % K crossing %D
Alert can be set when;
-%K crosses over %D below lower band
-%K crosses under %D above upper band
How to use this indicator?
This indicator is paid indicator and invited-only indicator.
Please contact me via private chat or follow links in my signature so that I can grant the access right to the indicator.
Comment section is only for comments on the indicator or updates. Please refrain from contacting me using comments to follow TradingView house rules.
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多機能ストキャスティクスインジケーターです。以下の機能が搭載されています。
1.マルチタイムフレーム機能(表示時間足制御機能付き)
2.ダイバージェンス自動描画機能(ヒドゥンダイバージェンス対応)
3.%Kが%Dをクロスした時にシグナル表示(MTFの%Kと%Dでも同様)
4.%Kが%Dをクロスした時にアラート設定可能
機能詳細は以下の通りです。
機能詳細
1.マルチタイムフレーム機能(表示時間軸制御機能付き)
月足、週足、日足、4時間足、1時間足、30分足、15分足、5分足の中から一つを選択し、上位足のストキャスティクスとして表示することができます。(不要な場合は非表示可能)
他のマルチタイムフレームストキャスティクスとの違い
他のマルチタイムフレームストキャスティクスのインジケーターでは、以下の問題に直面します。
・上位足のストキャスティクスを表示すると、さらに上位足でもそのストキャスティクスが表示され見にくくなる。
例: 4時間足のストキャスティクスを下位足で表示可能な様に設定すると、日足や週足でも表示され、チャートが見にくくなる。
この問題に対して、このインジケーターでは、
・上位足のストキャスティクスを表示する時間軸を制御することで上位足で不必要な情報を表示させない。
という機能を加えることでこの問題を解決しています。
具体的には、マルチタイムフレーム用に選択した上位足のタイムフレームより小さいタイムフレームでのみ上位足のストキャスティクスが表示されるようになっています。
例えば、上位足として日足を選択した場合、日足のストキャスティクスは4時間足、1時間足、30分足、15分足、5分足、1分足にのみ表示されます。
<サンプルチャート>
左から4時間足、日足、週足です。
4時間足では日足のストキャスティクスが表示されていますが、週足には表示されません。
2.ダイバージェンス自動描画機能(ヒドゥンダイバージェンス対応)
以下のロジックに基づきダイバージェンスを自動描画します。(不要な場合は非表示可能)
<通常のダイバージェンス>
下降示唆: 2つの連続する高値(*)が切り上げられているが、 それぞれの高値に対応するストキャスティクスの値は切り下げている場合
上昇示唆: 2つの連続する安値(*)が切り下がっているが、 それぞれの安値に対応するストキャスティクスの値は切り上がっている場合
*高値(安値)は、左右n本(**)ずつのローソク足の高値(安値)より高い(低い)高値(安値)をピボットハイ・ローとして算出しています。
** nはユーザ設定値です。
<例: ダイバージェンス>
高値SH1はSH1のローソクの高値より左側にn個のより低い高値、右側にn個のより低い高値があった場合に高値として認識されます。
上記の例では高値がSH1>SH2と切り上がっていますが、対応する%Kの値はvalue2>value1と切り下がっているためダイバージェンスと認識されダイバージェンスラインが自動描画されます。
<ヒドゥンダイバージェンス>
下降継続示唆: 2つの連続する高値(*)が切り下がっているが、 それぞれの高値に対応するストキャスティクスの値は切り上がっている場合
上昇継続示唆: 2つの連続する安値(*)が切り上がっているが、 それぞれの安値に対応するストキャスティクスの値は切り下がっている場合
言うまでもないことですが、ダイバージェンスが出たから逆張り、などの安易な発想は避けるべきです。
環境認識の一つの要素として見るべき指標でしょう。
3.%Kが%Dとクロスした時にシグナル表示(MTFの%Kと%Dでも同様)
以下の条件を満たした時にシグナルを表示します。
-ロワーバンドより下で、%Kが%Dを上抜けた時
-アッパーバンドより上で、%Kが%Dを下抜けた時
-ロワーバンドより下で、%K(MTF)が%D(MTF)を上抜けた時
-アッパーバンドより上で、%K(MTF)が%D(MTF)を下抜けた時
4.%Kが%Dとクロスした時にアラート設定
以下の条件でアラート設定が可能です。
-ロワーバンドより下で、%Kが%Dを上抜けた時
-アッパーバンドより上で、%Kが%Dを下抜けた時
インジケーターの使用について
当インジケーターは招待制インジケーター(有料)となっています。
使用を希望される方はプライベートチャットや下記リンクのDMでご連絡ください。
このページのコメント欄はインジケーターそのものに対するコメントやアップデートの記載のためのものとなっております。Tradingviewのハウスルールを守るためにもコメント欄からの連絡はご遠慮ください。
TradeChartist Essential MTF Screener™TradeChartist Essential MTF Screener is an adaptive and powerful multi time frame screener toolkit for several essential trading indicators like RSI, Stochastic, CCI, MACD, 15 different Moving Averages, Heikin Ashi Trend and Net Volume, which can be visualised as a singular Indicator plot or as MTF Screener blocks showing absolute or trend-based colour coded Bull/Bear Strength along with real-time indicator value labels.
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™𝗧𝗿𝗮𝗱𝗲𝗖𝗵𝗮𝗿𝘁𝗶𝘀𝘁 𝗘𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹 𝗠𝗧𝗙 𝗦𝗰𝗿𝗲𝗲𝗻𝗲𝗿 𝗨𝘀𝗲𝗿 𝗠𝗮𝗻𝘂𝗮𝗹
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MTF Screener can be used as a singular Time Frame screener plot or as colour coded screener blocks with several Time Frames (based on Time Frame Multiplier inputs) and based on user preference of the indicator such as RSI, Stoch, CCI, MACD, one of 15 Moving Averages, Heikin Ashi Trend or Net Volume from the 𝐈𝐧𝐝𝐢𝐜𝐚𝐭𝐨𝐫 𝐓𝐲𝐩𝐞 dropdown.
For RSI, Stoch, MACD and Moving Averages, Source price is required from the Sᴏᴜʀᴄᴇ dropdown (default - close). Sᴍᴏᴏᴛʜɪɴɢ input can be used to smooth the plot.
RSI, CCI and Stoch lengths are 14 as default and each of them have Uᴘᴘᴇʀ Bᴀɴᴅ and Lᴏᴡᴇʀ Bᴀɴᴅ inputs, which decides the colour of the screener block.
MACD has 3 inputs namely - Fᴀsᴛ Lᴇɴɢᴛʜ , Sʟᴏᴡ Lᴇɴɢᴛʜ and Sᴍᴏᴏᴛʜɪɴɢ and the default is the classic settings (12,26,9). Type of MA used can be chosen from under 𝟰. 𝗠𝗼𝘃𝗶𝗻𝗴 𝗔𝘃𝗲𝗿𝗮𝗴𝗲 section of the indicator settings. For classic MACD, use EMA which is default.
Moving Average has two inputs namely - MA ᴛʏᴘᴇ (which allows one of 15 Moving Averages) and MA Lᴇɴɢᴛʜ (default - 55).
Heikin Ashi Trend and Net Volume do not need any inputs.
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𝗠𝗧𝗙 𝗦𝗰𝗿𝗲𝗲𝗻𝗲𝗿 𝗕𝗹𝗼𝗰𝗸𝘀
Screener blocks are plotted as default and each row represents a specific Time Frame based on the Time Frame Multiplier (Default - 11 TF Multipliers from 1 to 2 in steps of 0.1) entered by the user in the 𝗦𝗰𝗿𝗲𝗲𝗻𝗲𝗿 𝗣𝗹𝗼𝘁𝘀 section. There are 11 maximum rows or Time Frame Multipliers that can be displayed. For example, if the user wants just 4 timeframes say, 1hr, 2hr , 4hr and Daily on a 1hr chart, the user should enter 4 in 𝐍𝐮𝐦𝐛𝐞𝐫 𝐨𝐟 𝐌𝐓𝐅 𝐒𝐜𝐫𝐞𝐞𝐧𝐞𝐫𝐬 input box and enter 1, 2, 4 and 24 in the Time-Frame Multiplier input boxes.
The Screener block colour can be changed from the settings. Each Screener row will have the data labels displayed in real-time as default ( Aʟʟᴏᴡ Rᴇᴘᴀɪɴᴛɪɴɢ (Cᴜʀʀᴇɴᴛ HTF Dᴀᴛᴀ) ). Disabling this will have Higher Time Frame data lag based on previous HTF close. Real-time data is recommended for live prices/data as it helps see the current dynamic.
Hᴇɪᴋɪɴ Asʜɪ Sᴄʀᴇᴇɴᴇʀ plots data based on Heikin Ashi chart on normal candle/bar chart.
Tʀᴇɴᴅ Bᴀsᴇᴅ Sᴄʀᴇᴇɴᴇʀ (ʀsɪ, sᴛᴏᴄʜ, ᴄᴄɪ) plots color coded screener blocks based on Upper and Lower bands input from the user. The colors change only when the upper/lower band is breached for the first time since the opposite band breach.
The MTF Screener blocks can be used visually on price chart by just moving the MTF Screener to main chart with the default Separate Screener Pane - Default under Lᴀʙᴇʟs Dɪsᴘʟᴀʏ Tʏᴘᴇ to keep the labels on chart. Having separate scales for security price and MTF Screener makes it possible to view the screener blocks on main chart.
Screener overlaid on Price Chart disables the MTF screener blocks but shows the MTF labels on price chart.
MTF Screener block colours can be changed from Screener Blocks colour settings and the Screener Label colour can be changed from Screener Label Colour settings.
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𝗦𝗰𝗿𝗲𝗲𝗻𝗲𝗿 𝗜𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿 𝗣𝗹𝗼𝘁
Screener Indicator Plot is a singular plot of the user preferred timeframe multiplier (entered in Iɴᴅɪᴄᴀᴛᴏʀ Pʟᴏᴛ Tɪᴍᴇғʀᴀᴍᴇ Mᴜʟᴛɪᴘʟɪᴇʀ input box) of the Essential Indicator selected by the user.
To display the indicator plot, enable Dɪsᴘʟᴀʏ Iɴᴅɪᴄᴀᴛᴏʀ Pʟᴏᴛ (ᴅɪsᴀʙʟᴇs sᴄʀᴇᴇɴᴇʀ) . For example, if the selected plot is RSI, this displays RSI of the chosen Time Frame Multiplier along with the MTF Screener Labels without the blocks.
Screener Indicator Plot colours can be changed from Indicator/Screener Label colour settings and the Label colour can be changed from Lᴀʙᴇʟ Cᴏʟᴏᴜʀ (ғᴏʀ ɪɴᴅɪᴄᴀᴛᴏʀ ᴘʟᴏᴛ) .
The example chart below shows the use of both MTF Screener Blocks and Screener Indicator Plots of various essential indicators.
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Note: ™TradeChartist Essential MTF Screener is not a Signal generator and doesnt always reflect the trend when using MTF Screener blocks. Using relatively higher Time Frame Multipliers can cause late trade entries on chart time frame. The Screener and labels help visualize the values and the relative trend where sensible using colour codes. Users must devise personal techniques to exploit and use this tool to suit their trading needs.
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Example Charts
1. BTC-USDT 1hr chart using multiple MTF Screeners
2. BTC-USDT 1hr chart using Net Volume Indicator Plot and MACD MTF Screener on chart.
3. BTC-USDT 4hr chart using Daily Heikin Ashi Trend plotted on the main chart + Daily RSI indicator plot on a separate MTF Screener pane connected to ™TradeChartist Plotter to display Divergences on Price chart.
4. BTC-USDT 4 hr chart as above example, connected to ™TradeChartist FibMaster to plot Auto Fibs and display Bull/Bear Zones based on RSI 60/40 breakout trends.
5. BTC-USDT 4 hr chart with 20 period Weekly Hull MA plotted on Main chart with 4hr, Daily and 3D 20 period Hull MA value labels with Daily MACD Indicator Plot with 1hr, 4hr and 12 hr MACD real-time value labels.
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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Simple Breakout Zones MTFSimple Breakout Zones MTF
Overview
The "Simple Breakout Zones MTF" indicator is designed to help traders identify key breakout and rejection zones using multi-timeframe (MTF) analysis. By calculating high and low zones based on both close and high/low data, this indicator provides a comprehensive view of market movements. It is ideal for traders looking to spot potential trend reversals, breakouts, or rejections with added flexibility through MTF support and customizable tolerance modes.
Key Features
Multi-Timeframe (MTF) Support: Analyze data from different timeframes for both Close Mode and HL (High/Low) Mode to gain a broader market perspective.
Tolerance Modes: Choose from three tolerance options—ATR, Percent, or Fixed—to adjust the sensitivity of breakout and rejection signals.
Zone Visualization: Easily identify high and low zones with filled areas, making it simple to spot potential breakout or rejection levels.
Breakout and Rejection Detection: Detects breakouts and rejections for both Close and HL modes, with specific conditions to ensure accurate signals.
Custom Alerts: Set up alerts for various scenarios, including when both modes agree on a breakout or rejection, or when only one mode triggers a signal.
Multi-Timeframe (MTF) and Higher Timeframe (HTF) Utility
The Multi-Timeframe (MTF) and Higher Timeframe (HTF) modes are powerful features that significantly enhance the indicator’s versatility and effectiveness. By enabling MTF/HTF analysis, traders can integrate data from multiple timeframes—such as daily, weekly, or monthly—into a single chart, regardless of the timeframe they are currently viewing. This capability is invaluable for understanding the bigger picture of market behavior. For instance, a trader working on a 15-minute chart can leverage HTF data from a daily chart to identify overarching trends, critical support and resistance levels, or potential reversal zones that would otherwise remain hidden on shorter timeframes. This multi-layered perspective is especially beneficial for swing traders, position traders, or anyone employing strategies that require alignment with longer-term market movements.
Additionally, the MTF/HTF functionality allows traders to filter out noise and false signals often present in lower timeframes. For example, a breakout signal on a 1-hour chart gains greater significance when confirmed by HTF analysis showing a similar breakout on a 4-hour or daily timeframe. This confluence increases confidence in trade setups and reduces the likelihood of acting on fleeting market fluctuations. Whether used to spot macro trends, validate trade entries, or time exits with precision, the MTF/HTF modes make this indicator a robust tool for adapting to various trading styles and market conditions.
Non-Repainting Indicator
A standout advantage of this indicator is its non-repainting nature, which applies fully to the MTF and HTF modes. Unlike repainting indicators that retroactively alter their signals, this indicator locks in its calculated levels and zones once a bar closes on the chosen timeframe—whether it’s the current chart’s timeframe or a higher one selected via MTF/HTF settings. This reliability is critical for traders who depend on consistent historical data for strategy development and backtesting. For example, a support zone identified on a daily timeframe using HTF mode will remain unchanged in the past, present, and future, ensuring that what you see in a backtest mirrors what you would have experienced in real-time trading. This non-repainting feature fosters trust in the indicator’s signals, making it a dependable choice for both discretionary and systematic traders seeking accurate, reproducible results.
How It Works
The indicator calculates the highest and lowest values over a specified period (length) for both close prices (Close Mode) and high/low prices (HL Mode). These calculations can be performed on the current timeframe or a higher timeframe using MTF settings. The high and low zones are created by taking the maximum and minimum of the Close and HL levels, respectively.
Breakouts: A breakout occurs when the price closes beyond the calculated levels for both modes or just one, depending on the alert condition.
Rejections: A rejection is detected when the price touches the zone but fails to close beyond it, indicating potential resistance or support.
Tolerance is applied to the rejection logic to account for minor price fluctuations and can be customized using ATR, a percentage of the price, or a fixed value.
Usage Instructions
1. Input Settings
Use MTF for Close Mode?: Enable this option to analyze Close Mode data from a higher timeframe. When enabled, the indicator will use the specified 'Close Mode Timeframe' for calculations.
Close Mode Timeframe: Select the timeframe for Close Mode analysis (e.g., 'D' for daily). This allows you to incorporate longer-term close price data into your analysis.
Use MTF for HL Mode?: Enable this option to analyze HL (High/Low) Mode data from a higher timeframe. When enabled, the indicator will use the specified 'HL Mode Timeframe' for calculations.
HL Mode Timeframe: Select the timeframe for HL Mode analysis. This enables you to consider longer-term high and low price levels.
Source: Choose the data source for calculations (default is 'close').
Length: Set the lookback period for calculating the highest and lowest values.
Tolerance Mode: Select how tolerance is calculated—'ATR', 'Percent', or 'Fixed'.
ATR Length: Set the ATR period if using ATR tolerance.
ATR Multiplier: Adjust the multiplier for ATR-based tolerance.
Tolerance % of Price: Set the percentage for Percent tolerance.
Fixed Tolerance (Points): Set a fixed tolerance value in points.
2. Visual Elements
High Zone: A filled area (aqua) between the highest levels of Close Max and HL Max.
Low Zone: A filled area (orange) between the lowest levels of Close Min and HL Min.
Close Max/Min: Green and red crosses indicating the highest and lowest close prices over the specified length.
HL Max/Min: Green and red crosses indicating the highest high and lowest low prices over the specified length.
3. Alerts
The indicator provides several alert conditions to notify you of potential trading opportunities:
Both Modes New High: Triggers when both Close and HL modes agree on a new high, indicating a strong breakout signal upward.
Both Modes New Low: Triggers when both modes agree on a new low, indicating a strong breakout signal downward.
Both Modes Rejection: Triggers when both modes agree on a rejection, suggesting strong resistance or support.
Close Mode New High: Triggers when only Close Mode indicates a new high, useful for early breakout signals upward.
Close Mode New Low: Triggers when only Close Mode indicates a new low, useful for early breakout signals downward.
Weak Rejection Up: Triggers when only one mode indicates a rejection upward, signaling a weaker but noteworthy resistance.
Weak Rejection Down: Triggers when only one mode indicates a rejection downward, signaling a weaker but noteworthy support.
Why Use This Indicator?
Enhanced Market Insight: Combining data from multiple timeframes and modes provides a more complete picture of market dynamics.
Customizable Sensitivity: Adjust tolerance settings to fine-tune the indicator for different market conditions or trading styles.
Clear Visual Cues: Filled zones and plotted levels make it easy to spot key areas of interest on the chart.
Versatile Alerts: Tailor alerts to capture both strong and subtle market movements, ensuring you never miss a potential opportunity.
Reliable Signals: The non-repainting nature of the indicator ensures that the signals and zones are consistent and trustworthy, both in backtesting and live trading.
Luxy VWAP Magic - MTF Projection EngineThis indicator transforms the classic VWAP into a comprehensive trading system. Instead of switching between multiple indicators, you get everything in one place: multi-timeframe analysis, statistical bands, momentum detection, volume profiling, session tracking, and divergence signals.
What Makes This Different
Traditional VWAP indicators show a single line. This tool treats VWAP as a foundation for complete market analysis. The indicator automatically detects your asset type (stocks, crypto, forex, futures) and adjusts its behavior accordingly. Crypto traders get 24/7 session tracking. Stock traders get proper market hours handling. Everyone gets institutional-grade analytics.
Anchor Period Options
The anchor period determines when VWAP resets and recalculates. You have three categories of options:
Time-Based Anchors:
Session - Resets at market open. Best for intraday stock trading where you want fresh VWAP each day.
Day - Resets at midnight UTC. Standard option for most traders.
Week / Month / Quarter / Year - Longer reset periods for swing traders and position traders who want broader context.
Rolling Window Anchors:
Rolling 5D - A sliding 5-day window that never resets. Solves the Monday problem where weekly VWAP equals daily VWAP on first day of week.
Rolling 21D - Approximately one month of trading data in continuous calculation. Excellent for crypto and forex markets that trade 24/7 without clear session breaks.
Event-Based Anchors:
Dividends - Resets on ex-dividend dates. Track institutional cost basis from dividend events.
Splits - Resets on stock split dates. Useful for analyzing post-split trading behavior.
Earnings - Resets on earnings report dates. See where volume-weighted trading occurred since last quarterly report.
Standard Deviation Bands
Three sets of bands surround the main VWAP line:
Band 1 (Aqua) - Plus and minus one standard deviation. Approximately 68% of price action occurs within this range under normal distribution. Touches suggest minor extension.
Band 2 (Fuchsia) - Plus and minus two standard deviations. Only 5% of trading should occur outside this range statistically. Touches here indicate significant overextension and high probability of mean reversion.
Band 3 (Purple) - Plus and minus three standard deviations. Touches are rare (0.3% probability) and represent extreme conditions. Often marks climax moves or panic selling/buying.
Each band can be toggled independently. Most traders show Band 1 by default and add Band 2 and 3 for specific setups or volatile instruments.
Multi-Timeframe VWAP System
The MTF section plots previous period VWAPs as horizontal support and resistance levels:
Daily VWAP - Previous day's final VWAP value. Key intraday reference level.
Weekly VWAP - Previous week's final VWAP. Important for swing traders.
Monthly VWAP - Previous month's final VWAP. Institutional benchmark level.
Quarterly VWAP - Previous quarter's final VWAP. Major support/resistance for position traders.
Previous Day VWAP - Yesterday's closing VWAP specifically, separate from current daily calculation.
The Confluence Zone percentage setting determines how close multiple VWAPs must be to trigger a confluence alert. When two or more timeframe VWAPs converge within this threshold, you get a high-probability support/resistance zone.
Session VWAPs for Global Markets
For forex, crypto, and futures traders who operate in 24/7 markets, the indicator tracks three major global sessions:
Asia Session - UTC 21:00 to 08:00. Gold colored line. Typically lower volatility, range-bound action that sets overnight levels.
London Session - UTC 08:00 to 17:00. Orange colored line. Often determines daily direction with high volume European participation.
New York Session - UTC 13:00 to 22:00. Blue colored line. Highest volume session globally. Sharp directional moves common.
Previous session VWAP values display as horizontal lines when each session closes, acting as intraday support and resistance. The table shows which sessions are currently active with checkmarks.
On-Chart Labels and Signals
The indicator plots several types of labels directly on price action when significant events occur:
Volume Spike Labels
Fire when current bar volume exceeds configurable thresholds relative to both the previous bar and the 20-bar average. Default settings require 300% of previous bar AND 200% of average volume. Green labels indicate bullish candles. Red labels indicate bearish candles. These spikes often mark institutional entry points.
Momentum Shift Labels
Appear when VWAP acceleration changes direction. The Slowing label warns when an active trend loses steam, often preceding reversal. The Accelerating label confirms trend continuation or potential bottom during downtrends. Filters available to show only reversal signals in existing trends.
VWAP Squeeze Labels
Detect when standard deviation bands contract relative to ATR (Average True Range). Low volatility compression often precedes explosive breakout moves. When the squeeze fires (releases), a label appears with directional prediction based on VWAP slope.
Divergence Labels
Mark price/volume divergences using CVD (Cumulative Volume Delta) analysis:
Bullish divergence: Price makes lower low, but CVD makes higher low. Hidden accumulation despite price weakness.
Bearish divergence: Price makes higher high, but CVD makes lower high. Hidden distribution despite price strength.
Dynamic VWAP Coloring
The main VWAP line changes color based on its slope direction:
Green - VWAP is rising. Institutional buying pressure. Volume-weighted price increasing.
Red - VWAP is falling. Institutional selling pressure. Volume-weighted price decreasing.
Gray - VWAP is flat. Consolidation or balance between buyers and sellers.
This coloring can be disabled for a static blue line if you prefer cleaner visuals. The VWAP label next to the line shows the current trend direction and delta percentage.
Calculated Projection Cone
One of the most powerful features is the Calculated Projection Cone. Unlike traditional extrapolation methods that simply extend a trend line forward, this system analyzes what actually happened in similar market conditions throughout the chart's history.
How It Works:
The system classifies each bar into one of 27 unique market states:
Z-Score Level - LOW (oversold), MID (fair value), or HIGH (overbought) based on configurable thresholds
Trend Direction - DOWN, FLAT, or UP based on VWAP slope
Volume Profile - LOW (below 80%), NORMAL (80-150%), or HIGH (above 150%) relative volume
When you look at the current bar, the indicator:
1. Identifies the current market state (e.g., LOW Z-Score + UP Trend + HIGH Volume)
2. Searches through all historical bars on the chart that had the same state
3. Calculates what happened in those bars X bars later (where X is your projection horizon)
4. Shows you the probability of up/down and the average move size
Visual Elements:
Probability Cone - Colored green (bullish probability above 55%), red (bearish below 45%), or gold (neutral). The cone width represents the historical range of outcomes (roughly the 20th to 80th percentile).
Center Line - Shows the average expected price based on historical outcomes in similar conditions.
Probability Label - Displays direction probability and average move. Example: "67% UP (+0.8%)" means 67% of similar past cases moved up, averaging 0.8% gain.
Fallback System:
When the exact 27-state match has insufficient historical data:
First fallback: Uses Z-Score plus Trend only (9 broader states, ignoring volume)
Second fallback: Uses Z-Score only (3 states)
When fallback is active, confidence automatically adjusts
Settings:
Projection Horizon - How many bars forward to analyze outcomes (5, 10, 15, or 20 bars, default 10)
Lookback Period - Historical data window in days (30-252, default 60)
Minimum Samples - Cases needed before using fallback (5-30, default 10)
Z-Score Threshold - Bucket boundary for LOW/MID/HIGH classification (1.0, 1.5, or 2.0 sigma)
Cloud Transparency - Adjust visibility (50-95%)
Colors - Customize bullish, bearish, and neutral cone colors
Confidence Levels:
HIGH - 30 or more similar historical cases found
MEDIUM - 15-29 similar cases
LOW - Fewer than 15 cases (more uncertainty)
IMPORTANT DISCLAIMER:
The Calculated Projection is based on past patterns only. It is NOT a price prediction or financial advice. Similar market states in the past do not guarantee similar outcomes in the future. The probability shown is historical frequency, not a guarantee. Always combine with other analysis and never rely solely on projections for trading decisions.
Alert Conditions
The indicator includes over 20 pre-built alert conditions:
Price vs VWAP:
Price crosses above VWAP
Price crosses below VWAP
Band Touches:
Price touches plus or minus one sigma band
Price touches plus or minus two sigma band (extreme)
Price touches plus or minus three sigma band (very extreme)
Z-Score Extremes:
Z-Score crosses above plus two (overbought extreme)
Z-Score crosses below minus two (oversold extreme)
Momentum and Trend:
Momentum slowing
Momentum accelerating
Trend turns bullish/bearish/neutral
Volume:
Volume spike detected
CVD Direction:
Buyers take control
Sellers take control
High Probability Signals:
Bullish reversal signal (oversold plus accelerating momentum)
Bearish reversal signal (overbought plus slowing momentum)
MTF and Special:
MTF confluence zone entry
VWAP squeeze fired
Bullish/Bearish divergence detected
Any significant signal (catch-all)
All signals use confirmed bar data to prevent false alerts from incomplete candles.
Settings Overview
Settings are organized into logical groups:
VWAP Settings
Anchor Period selection
Show/Hide VWAP line
Dynamic coloring toggle
VWAP label visibility
Bands Visibility
Toggle each of three bands independently
Info Table
Show/Hide table
Table position (9 options)
Text size
Volume spike label settings with adjustable thresholds
Momentum label settings with filters
Signal labels limited to 5 most recent (auto-managed)
Probability engine lookback period
Multi-Timeframe VWAP
Enable/Disable MTF system
Show MTF in table
Show MTF lines on chart
Individual timeframe toggles
Confluence zone threshold
Squeeze detection toggle
Session VWAPs
Enable/Disable session tracking
Apply to all assets option
Show session labels
Divergence Detection
Enable/Disable divergence
Pivot lookback period
Show divergence labels
Calculated Projection
Enable/Disable projection cone
Projection horizon (5, 10, 15, or 20 bars)
Lookback period in days (30-252)
Minimum samples threshold
Z-Score classification threshold (1.0, 1.5, or 2.0 sigma)
Cloud transparency adjustment
Bullish, bearish, and neutral colors
The Info Table - Your Trading Dashboard
The right side of your chart displays a compact table with up to twelve metrics.
Row-by-Row Breakdown:
Asset and Period - Shows what the indicator detected (US Stock, Crypto, Forex, etc.) and your selected anchor period. The detection happens automatically based on exchange data, so VWAP resets and calculations match your actual trading instrument.
Delta Percentage - How far current price sits from VWAP, expressed as a percentage. Positive means price trades above fair value. Negative means below. Large delta values (beyond 1-2%) often precede mean reversion moves. Day traders watch this for overextension.
Z-Score - Statistical deviation from VWAP measured in standard deviations. Unlike raw delta, Z-Score accounts for volatility. A 2% move in a volatile biotech stock differs from 2% in a stable utility. Z-Score normalizes this. Values beyond plus or minus two sigma occur only 5% of the time statistically.
Trend Direction - Whether VWAP itself is rising, falling, or flat. Rising VWAP means the volume-weighted average price is increasing, which indicates institutional accumulation. Falling VWAP suggests distribution. This differs from price trend since it weights by volume.
Momentum State - Is the trend accelerating or slowing down? This measures the rate of change in VWAP slope. When an uptrend shows slowing momentum, it often precedes reversal. Accelerating momentum in a downtrend can signal capitulation and potential bottom.
Relative Volume - Current bar volume compared to the 20-bar average, shown as percentage. Values above 150% indicate above-average activity. Spikes above 200-300% often mark institutional involvement. Low volume (below 80%) warns of potential fake moves.
MTF Bias - Four checkmarks or X marks showing whether price sits above or below Daily, Weekly, Monthly, and Quarterly VWAP. Four checkmarks means strong bullish alignment across all timeframes. Four X marks indicates bearish alignment. Mixed readings suggest consolidation or transition.
Band Probabilities - Historical statistics showing how often price touched each standard deviation band over your lookback period. This helps you understand if mean reversion or trend following works better for your specific instrument.
Session Status - Which global trading sessions are currently active (Asia, London, New York). Shows checkmarks for active sessions. Important for forex and crypto traders who need to know when major liquidity windows open and close.
Divergence State - Whether the indicator detects bullish or bearish divergence between price and cumulative volume delta. Bullish divergence occurs when price makes lower lows but buying pressure (CVD) makes higher lows, suggesting hidden accumulation.
Confidence Score - A weighted composite of all factors displayed as a progress bar and percentage. Combines MTF alignment, Z-Score, trend direction, volume delta, momentum, and relative volume into a single 0-100 score. Higher scores indicate stronger conviction setups.
Calculated Projection - When the Projection Cone is enabled, shows the historical probability of price direction and expected move. For example: "▲ 67% (+0.8%)" means in similar market states historically, price moved up 67% of the time with an average gain of 0.8%. The system analyzes 27 unique market states based on Z-Score, Trend, and Volume conditions.
Recommended Use Cases
Day Trading Stocks:
Use Session anchor with Band 1 visible. Watch for price returning to VWAP after morning move. Volume spikes near VWAP often mark institutional accumulation zones.
Swing Trading:
Use Weekly or Rolling 21D anchor. Enable MTF lines for Daily and Weekly levels. Trade pullbacks to these levels in direction of MTF bias.
Crypto and Forex:
Enable Session VWAPs. Use Rolling anchors to avoid artificial resets. Monitor session transitions for breakout opportunities.
Mean Reversion:
Focus on Z-Score reaching plus or minus two. Add Band 2 visibility. Combine with slowing momentum for highest probability reversals.
Trend Following:
Watch MTF bias alignment. Four checkmarks plus accelerating momentum plus high volume confirms trend continuation setups.
Projection Planning:
Enable the Calculated Projection to see what happened historically in similar market conditions. Use 5-10 bars for intraday setups, 15-20 bars for swing trade planning. Focus on high probability readings (above 60%) with HIGH confidence (30 or more samples). The cone shows the probable range of outcomes based on actual historical data. Combine with other factors like MTF alignment and volume for higher conviction setups.
Important Notes
The indicator does not repaint. MTF values use previous period's confirmed data.
Rolling VWAP works best on 15-minute timeframes and above due to bar lookback requirements.
Session VWAPs apply to global markets by default (forex, crypto, futures). Enable the all-assets option for stocks if desired.
Volume data for forex represents tick volume, not actual traded volume.
All alert conditions fire only on confirmed (closed) bars to prevent false signals.
The Calculated Projection updates each bar as market state changes. This is expected behavior. The projection shows probabilities based on similar past conditions, not a fixed prediction.
Q AND A
Q: Does this indicator repaint?
A: No. The main VWAP calculation uses standard TradingView VWAP methodology. Multi-timeframe values use previous period's confirmed data with appropriate lookahead settings. All alert signals require bar confirmation.
Q: Why does my Rolling VWAP look different on 1-minute versus 15-minute charts?
A: Rolling VWAP calculates across a fixed number of trading days. On very short timeframes, the bar lookback may hit TradingView limits. For best Rolling VWAP accuracy, use 15-minute or higher timeframes.
Q: Can I use this on any instrument?
A: Yes. The indicator automatically detects asset type and adjusts behavior. Stocks use standard market hours. Crypto uses 24/7 calculations. Forex uses tick volume. Everything adapts automatically.
Q: What does the Confidence Score actually measure?
A: The score combines six weighted factors: MTF alignment (25%), Z-Score position (20%), Trend direction (20%), CVD pressure (15%), Momentum state (10%), and Relative volume (10%). Higher scores indicate more factors aligned in one direction.
Q: Why are Session VWAPs not showing on my stock chart?
A: Session VWAPs apply to 24-hour markets by default (forex, crypto, futures). For stocks, enable the Use for All Assets option in Session VWAP settings.
Q: The Divergence labels appear delayed. Is this a bug?
A: Divergence detection requires pivot confirmation, which needs bars on both sides of the pivot point. The label appears at the actual pivot location (several bars back) once confirmed. This is intentional and prevents false signals.
Q: Can I change the band colors?
A: Yes. Each of the three bands has its own color input setting. You can customize Band 1, Band 2, and Band 3 colors to match your preferences. The defaults are Aqua, Fuchsia, and Purple. The main VWAP line color adapts dynamically based on slope direction or can be set to static blue.
Q: How do I set up alerts?
A: Right-click on the chart, select Add Alert, choose this indicator, and select your desired condition from the dropdown. All conditions include descriptive alert messages with relevant data.
Q: What is the Probability Engine lookback period?
A: This setting determines how many trading days the indicator analyzes to calculate band touch rates and mean reversion statistics. Default is 60 days (approximately 3 months). Longer periods provide more stable statistics but may miss recent behavior changes.
Q: Why do I see fewer labels than expected?
A: Signal labels (Volume, Momentum, Squeeze, Divergence) are limited to 5 most recent labels on the chart to keep it clean. When a new label appears, the oldest one is automatically removed. Additionally, momentum labels have several filters: check the slope multiplier setting (higher values require stronger trends) and the Only Reversal Signals option (when enabled, labels only appear for potential reversals, not trend confirmations).
Q: What is the Calculated Projection and how accurate is it?
A: The Calculated Projection analyzes what happened in past market conditions similar to the current state. It classifies each bar by Z-Score level, Trend direction, and Volume profile (27 unique states), then shows the historical probability of up vs down and the average move size. It is NOT a price prediction or guarantee. The probability shown is how often similar conditions led to up/down moves historically, not a future guarantee. Always use it as one input among many.
Q: Why does the Projection probability change?
A: The projection updates on each bar as market state changes. If Z-Score moves from LOW to MID, or trend shifts from UP to FLAT, the system looks up a different historical category. This is expected behavior. The projection shows what happened in similar past conditions to the current bar's state.
Q: The Projection shows LOW confidence. What does that mean?
A: Confidence levels indicate sample size: HIGH means 30 or more historical cases found, MEDIUM means 15-29 cases, LOW means fewer than 15 cases. When sample size is low, the system uses a fallback: first aggregating by Z-Score plus Trend only (ignoring volume), then by Z-Score only. LOW confidence means less statistical reliability, so weight other factors more heavily in your decision.
Q: Why does the cone sometimes show 50/50 probability?
A: A 50/50 reading means that in similar past market states, price moved up roughly half the time and down half the time. This indicates a neutral or balanced condition where historical patterns provide no directional edge. Consider waiting for a higher probability setup or using other analysis methods.
CREDITS AND ACKNOWLEDGMENTS
Methodology Foundation:
VWAP (Volume Weighted Average Price) - Standard institutional benchmark calculation, widely used since the 1980s for algorithmic execution and fair value assessment
Standard Deviation Bands - Statistical volatility measurement applying normal distribution principles to price deviation from mean
Z-Score Analysis - Classic statistical normalization technique for comparing values across different volatility regimes
Cumulative Volume Delta (CVD) - Order flow analysis concept measuring aggressive buying versus selling pressure
Concept Integration:
Mean reversion probability engine - Custom historical statistics tracking for band touch rates
Momentum acceleration detection - Second derivative analysis of VWAP slope changes
VWAP Squeeze - Volatility compression concept adapted from TTM Squeeze methodology applied to VWAP bands versus ATR
Confidence scoring system - Weighted composite scoring combining multiple technical factors
Calculated Projection Cone - Probability-based projection using 27-state market classification (Z-Score, Trend, Volume) with historical outcome analysis and weighted fallback system
All calculations use standard public domain formulas and TradingView built-in functions. No proprietary third-party code was used.
For questions, feedback, or feature requests, please comment below or send a private message.
Happy Trading!
Cyclic Smoothed RSI MTFAdaptive cyclic smoothed Relative Strength Indicator (csRSI MTF)
The cyclic smoothed RSI MTF indicator is an enhancement of the RSI , adding zero-lag smoothing, adaptive oversold/overbought bands and period color highlighting from higher timeframe to filter signals.
Providing the following advanced features:
using the current dominant cycle length as input for the indicator to ensure more accurate change in trends,
additional smoothing without introducing lag and maintaining clear sharp turns for signal generation,
adaptive upper and lower bands to avoid whipsaw trades and adapt the indicator to trending/cyclic conditions,
using higher time-frame csRSI oversold/overbought conditions to automatically highlight time windows with green/red backgrounds on the indicator panel for signal filtering and/or alert rules,
can be used to trigger alerts on your key symbols to get informed when a red/green windows are reached.
The following common problems with standard indicators are solved by this indicator:
First, normal indicators introduce a lot of false signals due to their noisy signal line. Second, to compensate for the noise, one would normally try to add some smoothing. But this only results in adding more delay to the indicator, which makes it almost useless. Third, oscillators contain static threshold levels to define oversold/overbought conditions. However, the market is not static and changes between trending and cycling periods. In trending periods, these static oversold/overbought levels are useless ore will trigger too much whipsaw trades. Finally, indicators don't take their state from other timeframes into account to filter signals.
All four problems described above are solved by the developed adaptive cyclic RSI with embedded MTF period highlighting.
Examples
S&P500 EMini Futures - csRSI 2H chart / 1D filter example signals
S&P E-Mini Futures 2h chart with daily higher time-frame filtering period for the csRSI, showing the standard RSI in the lower panel for signal comparison, signals from the csRSI are marked on the price chart
Bitcoin BTC /USD - csRSI 2H chart / 1D filter example signals
Bitcoin BTC /USD 2h chart with daily higher time-frame filtering period for the csRSI, signals marked
EUR/USD Forex - csRSI 20min chart / 2h filter example signals
EUR/USD 20min chart with 2H higher time-frame filtering period for the csRSI, signals marked
Info:
All three examples are setup with the basic standard settings and no additional parameter adjustments. The placed arrows on the price/indicator panel and the projection price areas have been added manually to visualize the signals for an discretionary trading approach. They are derived based on standard technical indicator oscillator readings (signal turn above/below bands). Due to the nature of the indicator (ultra-smooth, sharp curves, dynamic bands), these signals are easy to spot, and will help to avoid whipsaw trades in volatile conditions.
Settings & Parameter
The Inputs section allows you to select the time frame for the indicator signals. We recommend keeping the indicator time-frame according to your chart time frame ("Same as chart"). The cycle length allows to improve the signals by entering the dominant cycle length of the analyzed dataset. This parameter is optional if the current dominant cycle is not known. In that case, leave it at 20. The dominant cycle length can even improve the indicator signal generation. The examples above have not been optimized by using the dominant cycle length and just used the standard setting of 20.
The MTF CYCLE FILTER area is used to set the time-frame used as filter to plot the colored indicator background in red and green areas when the higher time-frame indicator is above (red) or below (green) the dynamic bands. These indicate the period of time with high probability to look for signals on the main indicator line.
The MTF Resolution parameter input is important for generating the highlighted red/green areas on the indicator panel. You must enter a higher time-frame than your indicator time-frame in order to get the reliable highlighting. We recommend the following combinations of trading time-frame and filter time-frame resolutions:
Chart Timeframe | MTF Indicator Highlighting Resolution
------------------------------------------------------------------------
20 min | 2 h
2 h | 1 d
You can enter the current dominant cycle length on the chosen higher time-frame resolution to even further optimize the indicator accuracy in the field "MTF CYCLE FILTER - Cycle Length".
The Style sections allows to active/de-active individual plots. The standard setting disables the higher time-frame csRSI indicator which is only used to indicate the colored areas. If required, you can also enable the MTF indicator and adaptive bands to be plotted in the same indicator panel. The values shown in the style section also indicate which values are available for individual alert generation.
Automatic Signals & Alerts
It is possible to create your own automatic signals with the csRSI MTF indicator using the TradingView alert function. Click on the three dots "More" beside the indicator name label and select "Add Alert on csRSI ..." from the context menu. For example, if you want to receive an alert when the high probability periods (red/green highlighted areas) have been reached for a symbol without manually watching the indicator panel, you can set up a custom alert. The csRSI indicator provides the raw values necessary to set up your alarm conditions. Set the "CSRSI MTF" as the value for the "Out of Channel" condition and select the "HigBand MTF" and "LowBand MTF" indicator values as the upper and lower limit parameters in the alarm's dialog box. Once you have set up this alarm, you will not need to monitor your charts manually. The TradingView alert will inform you as soon as an important time zone is reached. These are the situations when you would open the chart and watch for trigger signals on the indicator line. If you set up this alert as an email, you can even focus on other things and let the csRSI MTF highlighter condition alert you when you should pay attention to the trading chart.
Usage & Trade Signals
Classic rules apply as with every technical oscillator. In addition use this indicator to identify the following conditions:
Indicator turns above/below the adaptive upper and lower bands (expected trend reversals)
Indicator crosses below upper band / crossed above lower band (start of trend reversal)
Indicator crosses above upper band / crossed below lower band (trend continuation/confirmation)
Divergence between price / indicator indicate strong signal confidence
Hidden divergences between price/indicator indicate string signal confidence
After strong price movements, wait for the second signal confirmed by a divergence
Use the mentioned conditions in the highlighted red/green periods indicated by the MTF settings
Purpose & Disclaimer
This indicator is not designed for use as an automated trading strategy. This is an improved technical indicator using the dominant cycle to provide its advanced features. The basic applications of technical analysis for using oscillators apply. The script is intended for use in discretionary trading and can be used as a part of automated systems. Indicator signal failures will occur as you should expect with every technical indicator. If you are not sure if this indicator might help your trading style, please try and check our open source public version which will give you basic understanding upfront.
Basic open-source public version
This indicator is an advanced version of our public available open-source cyclic smoothed RSI indicator named "RSI cyclic smoothed v2". The advanced invite-only version provides fully automatic time frame highlighting by using a cyclically smoothed RSI from a higher time frame to indicate time frames with high probability signals. These high probability windows are highlighted when the indicator from the higher time frame is in dynamic overbought or oversold territory. You will find the basic open-source public version here below for your own review:
How to get access
Please check the "authors instructions" section for further details.
유료 스크립트
W%R Cycle Swings - MTF Trend📄 English Description
Overview
The W%R Cycle Swings – MTF Trend indicator is a market-structure tool built on top of Williams %R cycle logic. It detects meaningful swing highs and lows from W%R behavior, then uses those swings to locate the first Market Structure Shift (MSS-first) and track multi-timeframe trend bias + cancel levels.
This is not a random mashup of indicators: all components are derived from one core concept—W%R cycles—and are combined into a single, coherent framework for reading structure and trend across timeframes.
Core Concepts
1. Williams %R Cycle Swings (Current Timeframe)
Instead of using price swings based only on highs/lows, this script uses Williams %R behavior to define swing points:
Swing High pattern: OS → OB → OS
Swing Low pattern: OB → OS → OB
The script:
Tracks overbought/oversold states using user-defined levels.
Builds a zone for each potential swing (accumulating the extremums during the OB/OS phase).
Confirms a swing only when the opposite state appears again.
Plots labels on the chart:
Swing High label above price
Swing Low label below price
Optional price display on the label (toggle in settings).
This makes the swing points cycle-based rather than purely bar-based.
2. MSS-first (Market Structure Shift on Current TF)
Once swings are defined, the script looks for the first break of the most recent swing:
Bullish MSS-first: price breaks above the last confirmed swing high.
Bearish MSS-first: price breaks below the last confirmed swing low.
You can choose whether to confirm by close or by wick (mssByClose input).
When an MSS-first is detected:
A colored label (bullish/bearish) is drawn at the relevant swing level.
A horizontal line is drawn from the swing bar to the MSS bar to visually connect the structure break.
Internal trendBias is updated to Up or Down, preventing duplicate MSS labels in the same direction.
This gives a clear, visual definition of when the structure actually shifted based on W%R-driven swings.
3. MTF MSS-first Trend & Cancel Logic
The same MSS-first concept is applied inside a function and called via request.security() on multiple timeframes (5m, 15m, 30m, 1h, 4h).
For each timeframe, the function:
Recalculates W%R swings with the same parameters.
Detects MSS-first events (bullish or bearish).
Tracks a trend state:
1 → Up trend
-1 → Down trend
0 → Unknown / Neutral
Maintains a cancel level, which represents the price that would invalidate the current trend:
In an uptrend, cancel is typically the last relevant swing low.
In a downtrend, cancel is typically the last relevant swing high.
This provides:
Trend direction per TF (Up / Down / -)
A concrete price level that acts as a structural “stop” or invalidation level.
4. MTF Trend Table (Visual Overview)
If enabled, a compact table is displayed on the chart (position configurable):
Columns: 5m, 15m, 30m, 1h, 4h
Rows:
Trend → shows Up, Down or -, with color-coded background.
Cancel → shows the current cancel price for that timeframe.
This creates a multi-timeframe structure dashboard that tells you:
Which timeframes are currently in an Up or Down MSS-based trend.
At which price the current structural view would be canceled.
5. Alert Conditions
The script includes alert conditions for:
Current timeframe MSS-first:
Bullish MSS-first (structure break up).
Bearish MSS-first (structure break down).
MTF MSS-first events for:
5m, 15m, 30m, 1h, 4h (Bullish & Bearish separately).
This allows you to receive notifications when a fresh structural shift happens on any of the tracked timeframes.
How to Use
Use Swing High / Swing Low labels to understand the current W%R cycle structure on your main timeframe.
Watch for MSS-first labels to catch the first break of structure after a swing completes.
Use the MTF Trend table:
Trade in the direction of higher-timeframe trends.
Use cancel levels as logical invalidation areas or structural stop guides.
Combine the current timeframe swings with MTF bias:
Example: look for long setups when H1/H4 show Up trend and price forms new bullish MSS on lower TF.
The tool is suitable for both intraday and swing trading, on any symbol and timeframe.
Why This Script Is Original
It links cycle-based swings from Williams %R directly to MSS-first detection, rather than using generic pivot logic.
It combines:
W%R-driven swing definition,
MSS-first structural breaks,
Multi-timeframe trend state,
Cancel (invalidation) levels,
Alerts for MSS events on multiple TFs,
into a single, coherent market-structure framework.
The MTF table is not a generic dashboard: it is specifically built around this W%R-MSS-first structural model, which gives traders both trend context and exact invalidation prices.
🇹🇭 Thai Description — คำอธิบายภาษาไทย
ภาพรวม
อินดิเคเตอร์ W%R Cycle Swings – MTF Trend เป็นเครื่องมืออ่านโครงสร้างราคา โดยใช้ “วงจรของ Williams %R” เป็นหลักในการหา Swing High / Swing Low แล้วใช้จุด Swing เหล่านั้นมาหา MSS-first (จุดเปลี่ยนโครงสร้างครั้งแรก) จากนั้นต่อยอดไปสู่ การดูแนวโน้มหลายกรอบเวลา + ระดับ Cancel (จุดที่โครงสร้างจะถูกมองว่าพัง)
แนวคิดหลัก
Swing จาก Williams %R (TF ปัจจุบัน)
ใช้รูปแบบ OS → OB → OS เพื่อยืนยัน Swing High
และ OB → OS → OB เพื่อยืนยัน Swing Low
เมื่อยืนยันแล้วจะสร้าง Label “Swing High / Swing Low” บนกราฟ และสามารถแสดงราคาบนป้ายได้
ทำให้จุด Swing มีพื้นฐานจาก “Cycle ของ W%R” ไม่ใช่แค่ high/low เฉย ๆ
MSS-first บน TF ปัจจุบัน
ถ้าราคาทะลุ Swing High ล่าสุด → มองเป็น Bullish MSS-first
ถ้าราคาทะลุ Swing Low ล่าสุด → มองเป็น Bearish MSS-first
เลือกได้ว่าจะยืนยันจาก Close หรือจาก ไส้แท่งเทียน
วาดป้าย MSS + เส้นเชื่อมจาก Swing ไปยังจุดที่เกิด MSS
มีตัวแปร trendBias ป้องกันไม่ให้ยิง MSS ซ้ำในทิศทางเดิมจนรก
MTF MSS-first + Cancel Logic
นำ Logic เดียวกันไปใช้กับ TF: 5m, 15m, 30m, 1h, 4h
สำหรับแต่ละ TF จะได้:
สถานะแนวโน้ม: Up / Down / Unknown
ระดับ Cancel: ราคาที่ถ้าหลุดจะถือว่าโครงสร้างเทรนด์นั้นถูก “ยกเลิก”
เช่น ในเทรนด์ขาขึ้น ระดับ Cancel มักมาจาก Swing Low ล่าสุด ฯลฯ
MTF Table บนกราฟ
แสดง Trend + Cancel ของ 5 TF ในรูปแบบตาราง
อ่านง่าย: แถว Trend เป็น Up/Down พร้อมสีพื้น, แถว Cancel เป็นตัวเลขราคา
ใช้ดูภาพรวมโครงสร้างหลาย TF ในมุมมองเดียว
Alert Conditions
แจ้งเตือน MSS-first ของ TF ปัจจุบัน
แจ้งเตือน MSS-first ของ TF 5m / 15m / 30m / 1h / 4h แยก Bull / Bear
วิธีใช้งาน
ใช้ Swing High / Swing Low เพื่อดูว่าโครงสร้าง cycle ปัจจุบันอยู่ตรงไหน
รอให้เกิด MSS-first เพื่อมองว่า “โครงสร้างราคาเริ่มกลับตัวแล้ว”
ใช้ Table MTF:
ดูว่า TF ไหนเป็น Up / Down
ใช้ราคาบรรทัด Cancel เป็นแนว “จุดตัดขาดทุนเชิงโครงสร้าง” หรือจุดเปลี่ยนมุมมอง
เทรดตามทิศทาง TF ใหญ่ แล้วหา Entry จาก MSS ของ TF เล็ก
จุดเด่น / ความเป็น Original
ใช้ Williams %R เป็นฐานในการสร้าง Swing Pattern แทนการใช้ Pivot ธรรมดา
เชื่อม W%R Swing เข้ากับแนวคิด MSS-first อย่างเป็นระบบ
มีทั้ง:
ป้าย Swing
ป้าย MSS + เส้นเชื่อม
MTF Trend + Cancel
Alert เตือน MSS ในหลาย TF
อยู่ในสคริปต์เดียว
เหมาะกับคนที่ต้องการอ่านโครงสร้างราคาแบบมีที่มาที่ไป ไม่ใช่แค่ตามอินดี้ตัวเดียวครับ ✅
