NSE Compact Panel by KGHow It Works
1.Analyzes price action using multiple technical indicators
2.Updates a right-aligned panel with:
a)Current indicator values
b)Bullish/bearish status
c)Visual trend direction cues
3. Designed for quick scanning of market conditions on NSE charts.
4.The Script is for educational purpose only
Statistics
Central Bank BS Delta TracerCentral Bank BS Delta Tracer is a new way of looking at liquidity on TradingView.
CBBSDT (for short) shows bars for popular central bank balance sheets. The default is the US, but other countries can be viewed or compared as well.
You can combine multiple central bank balances, and all are calculated in USD using currency pairs so that the units match up. Combining can also show differentials, such as if the ECB did more QT than the US in a given time frame.
Warning: Time frames lower than a month may be inaccurate. Many central banks do not report their BS on a frequent basis, so do know ahead of time that data is usually outdated by a variable amount depending on the data source. Check with the particular sources of central bank BS before making assumptions about deltas using this indicator.
Debt is the dark energy of the economy. Therefore we must know how much of it is pumping or draining.
INDIA_VIX_regression V2Indicator named "INDIA_VIX_regression V2" that performs a regression analysis between the India VIX (volatility index) and the selected stock's price changes to assess their relationship.
Key Features:
1. Regression Calculation: Uses the regress function from an external library (voided/regress/1) to compute alpha (α), beta (β) values between India VIX and the selected stock's daily price changes.
2. Significance Check: Evaluates α and β against predefined thresholds (0.05 for α and 0.5 for β) and assigns a color-coded label (Green for significant, Red for non-significant).
3. Visual Output: Displays results in a table at the bottom-right corner, including:
a) The selected stock’s ticker name
b) Alpha (α) and Beta (β) values with significance labels
4. Enhanced Readability: Uses color-coded formatting for better visualization.
This script helps traders to understand the relationship between market volatility (India VIX) and a specific stock's movement, aiding in risk analysis and decision-making.Script in testing phase....
IronCondor 10am 30TF by RMThe IronCondor 10am 30TF indicator shows Iron Condor trades win rate over a large number of days.
The default ETFs in this indicators are "QQQ", "SPY", "RUT" , "CBTX" and "SPX", other entries have not been tested.
Iron Condor quick explanation:
- Iron Condors trades have four options, generally, are based around a Midpoint price (Current Market Price Strike) and
- Two equally distances Strikes for the SELL components (called the Body of the Iron Condor)
- Further away from the two SELLs, another Two BUYs for protection (not considered in this indicator)
- Iron Condors are used for Passive Income based on small gains most of the time.
The IronCondor 10am 30TF has its logic created based on the premises that:
- Most days the market prices stay within a range.
- As example the S&P market prices would stay within 1% on about 80% of the time
- The moving markets (bullish or bearish) occur about 20% of the time
- The biggest market price volatility generally occurs before market opens and then around the first hour or so of trade in the day.
- After the first hour or so of the market the prices would be most likely to stay within a range.
The operation is simple:
- At the Trade Star time in the day (say 10:30 Hrs.) draws a vertical yellow line, then
- Creates two blue horizontal lines for the SELL limits in the Iron Condor Body, at +/- 1% price boundary (check Ticker list below for values)
- At the Trade End time (say 16:00 Hrs.) checks that none of the SELL limits have been broken by highs or lows during the trade day
(The check is done calculating at Trade End time the high/lows 10 bars back for 30 min TF - timeframe)
- There is a label at each Trade End time with Win/Loss and Body value.
- There is one final label with overall calculated past performance in Win percentage out of 'n' trades
Defaults and User Entries:
- The User can modify the Midpoint price called 'IronCondor Midpoint STRIKE' (default is the Candle Close at the selected time)
- The User can modify the Body value called 'IronCondor Body' (default is the Ticker's selected value as per list below)
"QQQ" or "SPY" Body = 5
"RUT" or "CBTX" Body = 20
"SPX" Body = 60
* Disclaimer: This is not a Financial tool, it cannot used as any kind of advice to invest or risk moneys in any market,
Markets are volatile in nature - with little or no warning - and will drain your account if you are not careful.
Use only as an academic demonstrator => * Use at your own risk *
BTC Point & Figure Buy Signals for 2025Original Credit to www.tradingview.com for his 2020 BTC BPI Script.
I've updated the script to pinescript v5 and have swapped out the trading pairs for 27 pairs that several LLM AI's recommended as those most correlated to Bitcoin's price action.
The results are wonderful, and I've been using this updated version primarily as a strong confluence indicator for mainly long entries, though it does pretty well in timing tops and short entries as well.
Please let me know if you have a more definitive source for a basket of trading pairs to use, and I'll happily edit the script (or you can if you are proficient) and create a new version.
Given 4 years have passed and much more expanded and saturated the number of coins are in the market, I thought it would be interesting, if not informative to update the pairs.
An analysis of the trading pairs used in 2020 vs 2025 is as follows:
Common Trading Pairs
The following trading pairs are present in both scripts:
ADAUSDT
ALGOUSDT
ATOMUSDT
BCHUSDT
BNBUSDT
BTCUSDT
DOGEUSDT
ETHUSDT
HBARUSDT
LTCUSDT
VETUSDT
XLMUSDT
XMRUSDT
XRPUSDT
XTZUSDT
ZECUSDT
Unique to List
The following trading pairs are only found in the 2020 script:
BATUSDT
BTSUSDT
DASHUSDT
EOSUSDT
ETCUSDT
FTTUSDT
HOTUSDT
ICXUSDT
IOTAUSDT
LSKUSDT
NANOUSDT
NEOUSDT
OMGUSDT
ONTUSDT
QTUMUSDT
REPUSDT
RVNUSDT
SCUSDT
THETAUSDT
TRXUSDT
WAVESUSDT
ZILUSDT
Unique to List 2
The following trading pairs are only found in the 2025 list:
APTUSDT
AVAXUSDT
DOTUSDT
FILUSDT
ICPUSDT
IMXUSDT
LDOUSDT
LINKUSDT
RNDRUSDT
SHIBUSDT
SOLUSDT
Summary
Common Pairs: There are 16 trading pairs shared between the two scripts.
Unique to List 2020: 22 trading pairs that are not in 2025 pairs
Unique to 2025 pairs: : 11 trading pairs that are not in 2020 pairs
Enjoy, provide feedback and remember, all credit to @LonesomeTheBlue for the OG script.
21 EMA with ATR Bands21 EMA with ATR Bands. Specifically looking at the overbought and oversold levels to either add or trim positions.
Datos - BigBang by Arturo ArguellesIndicador para colocar datos y marca de agua, así como visualizar la información del activo y su temporalidad
Sígueme en redes: @fxarturo_bigbang
Position Averaging (CryptoBus)🛠 Averaging Strategy — умное усреднение для инвестирвоания от CryptoBus !
📊 Стратегия анализирует тренд и корректирует входы, снижая влияние волатильности.
⚡ Возможности:
• Автоматическое открытие позиций на основе динамических сигналов
• Гибкая настройка шагов усреднения
• Поддержка различных таймфреймов
• Оптимизировано для CryptoBus
🚀 Используй мощь усреднения для стабильного роста портфеля!
IPO Date ScreenerThis script, the IPO Date Screener, allows traders to visually identify stocks that are relatively new, based on the number of bars (days) since their IPO. The user can set a custom threshold for the number of days (bars) after the IPO, and the script will highlight new stocks that fall below that threshold.
Key Features:
Customizable IPO Days Threshold: Set the threshold for considering a stock as "new." Since Pine screener limits number bars to 500, it will work for stocks having trading days below 500 since IPO which almost 2 years.
Column Days since IPO: Sort this column from low to high to see newest to oldest STOCK with 500 days of trading.
Since a watchlist is limited to 1000 stocks, use this pines script to screen stocks within the watch list having trading days below 500 or user can select lower number of days from settings.
This is not helpful to add on chart, this is to use on pine screener as utility.
Señal de Compra/Venta con SL, TP y Nube de Tendencia (marroquin)1-Medias Móviles (SMA): Se utiliza una media móvil simple para generar señales de compra y venta. Cuando el precio cruza por encima de la SMA, se genera una señal de compra, y cuando cruza por debajo, se genera una señal de venta.
2-Average True Range (ATR): El ATR se utiliza para calcular los niveles de Stop Loss y Take Profit. El Stop Loss se coloca a una distancia de ATR desde el precio de entrada, y el Take Profit se coloca a una distancia de ATR multiplicado por el ratio de riesgo/beneficio.
2-Señales de Compra/Venta: Las señales se dibujan en el gráfico con etiquetas "BUY" y "SELL".
3-Stop Loss y Take Profit: Los niveles de Stop Loss y Take Profit se dibujan en el gráfico y también se muestran en un cuadro en la esquina inferior derecha del gráfico.
4-Tabla de Información: Se utiliza una tabla para mostrar los niveles sugeridos de Stop Loss y Take Profit.
Personalización:
Puedes ajustar la longitud de la SMA y el ATR según tus preferencias.
El ratio de riesgo/beneficio también se puede ajustar para adaptarse a tu estrategia de trading.
Cómo Usar:
Copia el script en el editor de Pine Script en TradingView.
Ajusta los parámetros según tus necesidades.
Añade el indicador a tu gráfico.
Static price-range projection by symbolThis indicator shows you a predefined range to the right of the last candle of your chart. This range is custom and can be changed for a handful of symbols that you can choose. This scale will help you determining if the market is providing a reasonable range before you enter a trade or if the market isn't actually moving as much as you might think. This is particularly useful if you are into scalping and have to consider commission or spread in your trades.
Since all symbols have different price ranges in which they move this indicator doesn't make sense to just have "a one size fits all" approach. That's why you can choose up to 6 symbols and set the range that you want to have shown for each when you pull it up on the chart. Using my default values that means for when the NQ (Nasdaq future) is on the chart you will see a range of 20 handles projected. When you change the the ES (S&P500 future) you will instead see 5 handles. While the number is different that is somewhat of an equal move in both symbols.
There also is an option to set a default price range for all other symbols that are not selected if it is needed. However the display of the scale on anything else than the 6 selected symbols can also be turned off.
There are options provided on how exactly you want to indicator to determine if the chart symbol matches one of the selected symbols.
You can enable it to make sure the exchange/broker is the exact same as selected.
It can check for only the symbol root to match the selection. Specifically for futures this means that while ES1! might be selected, anything ES (ES1!, ES2!, ESH2025, ESM2025, ESM2022, ...) will be a match to the selection)
On the painted scale it is possible to not just show this range extended into each direction once. Per default you will have 3 segments of it in each direction. This can be reduced to just 1 or increased.
If you chose a high number of segments or a large range make sure to use the "Scale price chart only" option on your chart scale to not have the symbols price candles squished together by the charts auto scaling.
And last but not least the indicator options provide some possibilities to change the appearance of the printed price range scale in case you disagree with my design.
ColorMACD//@version=5
indicator("ColorMACD", overlay=false)
// Input parameters
fast_ema_period = input.int(12, title="Fast EMA Period")
slow_ema_period = input.int(26, title="Slow EMA Period")
signal_period = input.int(9, title="Signal Period")
// Calculate MACD
= ta.macd(close, fast_ema_period, slow_ema_period, signal_period)
// Define colors
color_up = color.new(color.red, 0) // Red for positive MACD above signal
color_down = color.new(color.lime, 0) // Lime for negative MACD below signal
color_neutral = color.new(color.aqua, 0) // Aqua for neutral conditions
// Plot MACD Line with color based on conditions
plot(macdLine, color=macdLine > 0 and macdLine > signalLine ? color_up : macdLine < 0 and macdLine < signalLine ? color_down : color_neutral, linewidth=2, title="MACD Line")
// Plot Signal Line
plot(signalLine, color=color.new(color.magenta, 0), linewidth=1, title="Signal Line")
// Plot Histogram
histColor = macdLine > 0 and macdLine > signalLine ? color_up : macdLine < 0 and macdLine < signalLine ? color_down : color_neutral
plot(macdLine - signalLine, color=histColor, style=plot.style_columns, title="Histogram")
// Zero Line
hline(0, color=color.new(color.silver, 0), linestyle=hline.style_solid, title="Zero Line")
Sessions, range deviations & statsThis indicator builds on the excellent range projections indicator by @tradeforopp. Simple logic to calculate statistics based on a time based range are calculated per the original script. However, this version builds on that by providing users with the ability to apply conditional filters and add some context to the current trading day. Hopefully, this provides users with the ability to backtest potential scenarios based on key sessions and levels, as well as aide in generating a daily bias for trading
Columns in the stats table have been generated to show whether price retraces fully back through the range to hit the first deviation if any level to the opposite side has been hit
For example, if price hit deviation 4 to the upside, additional stats have been generated to show the % of times that price then went to hit deviation 1 to the downside
The range used for generating stats is fully customisable per the original indicator
The indicator will additionally plot the following:
1. Trading sessions (Asia, London & New York): Fully customisable times and display
2. Weekly initial balance high/low/50%: Monday or Monday & Tuesday can be used to determine the weekly balance
3. Previous day and week high/low/50%
4. Midnight and 8am open levels: The times can be changed if required and the statistics will reflect the new time, though the name on the chart and in the stats table will remain the same
Users can then generate additional stats for deviations being hit if certain levels are above other levels
For instance, if the Asia low is higher than the 8am open, it could indicate a bearish day and as such the stats table will show whether levels to the upside of the range or the downside are more likely to be hit
Індекс Ентропії Ринку та Математичне ОчікуванняЯкщо індикатор показує значення математичного очікування ентропії
𝐸
=
2
E =2, ось як це можна розшифрувати:
Сутність показника:
𝐸
E є середньою ентропією, що розраховується як зважена сума ентропій для кожного макростану (ріст, зниження, консолідація). Ентропія кожного макростану визначається за формулою
𝑆
=
ln
(
Ω
)
S=ln(Ω), де
Ω
Ω — кількість унікальних мікростанів (комбінацій параметрів
𝑃
P,
Δ
Δ,
𝑉
ℎ
𝑜
𝑢
𝑟
V
hour
), які формують цей макростан.
Що означає значення 2:
Значення
𝑆
=
2
S=2 вказує на те, що ефективна кількість мікростанів для даного макростану становить
𝑒
2
≈
7.4
e
2
≈7.4. Це означає, що у середньому існує приблизно 7–8 різних комбінацій мікростанів, які приводять до формування спостережуваного макростану.
Інтерпретація в контексті ринку:
Середній рівень різноманіття: Значення 2 свідчить про помірний рівень різноманіття ринкових станів. Ринок проявляє не надто просту, але й не надто хаотичну поведінку.
Стійкість або невизначеність: Якщо порівнювати, то нижчі значення
𝐸
E (наприклад, близько 0-1) можуть вказувати на вузький набір умов, які формують тренд (менша стійкість, потенційно більша вразливість до змін), а вищі значення (вище 2) — на дуже різноманітні умови, що можуть свідчити про більшу невизначеність або складність ринкової поведінки.
Потенційна застосовність: Такий рівень ентропії може допомогти трейдеру оцінити, наскільки "розгалуженим" є процес формування тренду на ринку. Помірне значення може бути індикатором того, що ринок має достатньо варіантів для адаптації, але водночас не перебуває у стані надмірного хаосу.
Таким чином, коли
𝐸
E знаходиться на рівні 2, це означає, що ринок демонструє середній рівень розмаїтості мікростанів, що формують загальний тренд. Це може бути ознакою збалансованості, але також може сигналізувати про певну гнучкість у ринкових умовах.
Adidas SeasonaxTesting a Seasonal Trading Strategy by Giles Coghlan
According to the analyst's observations, Adidas stock experiences a seasonal decline every year between February 19 and March 7. Following this, a rebound occurs with a 90% probability between March 8 and May 15, Coghlan claims. To test this idea, a strategy was developed that opens a long position on March 8 and closes it on May 15. Read more here .
Summary for the period from 01.01.2006 to 13.02.2025:
Expected return: 9.5% (analyst's forecast), 8.8% (average profit per trade based on backtest results)
Expected win rate: 90% (analyst's forecast), 84.2% (win rate based on backtest results)
-----------------------------------------------------------------------------------------------------------------
Проверка сезонной торговой стратегии от Giles Coghlan
По наблюдению аналитика, ежегодно в акциях Adidas в период с 19 февраля по 7 марта наблюдается сезонное падение. После него с вероятность 90% происходит отскок в период с 8 марта по 15 мая, утверждает Coghlan. Для проверки идеи была создана стратегия, которая открывает лонг-позицию 8 марта и закрывает ее 15 мая. Подробнее читайте тут .
Резюме за период с 01.01.2006 по 13.02.2025:
Ожидаемая доходность: 9,5% (прогноз аналитика), 8,8% (средний профит на сделку по результатам бэктеста)
Ожидаемый винрейт: 90% (прогноз аналитика), 84,2% (винрейт по результатам бэктеста)
Iron Bot Statistical Trend Filter📌 Iron Bot Statistical Trend Filter
📌 Overview
Iron Bot Statistical Trend Filter is an advanced trend filtering strategy that combines statistical methods with technical analysis.
By leveraging Z-score and Fibonacci levels, this strategy quantitatively analyzes market trends to provide high-precision entry signals.
Additionally, it includes an optional EMA filter to enhance trend reliability.
Risk management is reinforced with Stop Loss (SL) and four Take Profit (TP) levels, ensuring a balanced approach to risk and reward.
📌 Key Features
🔹 1. Statistical Trend Filtering with Z-Score
This strategy calculates the Z-score to measure how much the price deviates from its historical mean.
Positive Z-score: Indicates a statistically high price, suggesting a strong uptrend.
Negative Z-score: Indicates a statistically low price, signaling a potential downtrend.
Z-score near zero: Suggests a ranging market with no strong trend.
By using the Z-score as a filter, market noise is reduced, leading to more reliable entry signals.
🔹 2. Fibonacci Levels for Trend Reversal Detection
The strategy integrates Fibonacci retracement levels to identify potential reversal points in the market.
High Trend Level (Fibo 23.6%): When the price surpasses this level, an uptrend is likely.
Low Trend Level (Fibo 78.6%): When the price falls below this level, a downtrend is expected.
Trend Line (Fibo 50%): Acts as a midpoint, helping to assess market balance.
This allows traders to visually confirm trend strength and turning points, improving entry accuracy.
🔹 3. EMA Filter for Trend Confirmation (Optional)
The strategy includes an optional 200 EMA (Exponential Moving Average) filter for trend validation.
Price above 200 EMA: Indicates a bullish trend (long entries preferred).
Price below 200 EMA: Indicates a bearish trend (short entries preferred).
Enabling this filter reduces false signals and improves trend-following accuracy.
🔹 4. Multi-Level Take Profit (TP) and Stop Loss (SL) Management
To ensure effective risk management, the strategy includes four Take Profit levels and a Stop Loss:
Stop Loss (SL): Automatically closes trades when the price moves against the position by a certain percentage.
TP1 (+0.75%): First profit-taking level.
TP2 (+1.1%): A higher probability profit target.
TP3 (+1.5%): Aiming for a stronger trend move.
TP4 (+2.0%): Maximum profit target.
This system secures profits at different stages and optimizes risk-reward balance.
🔹 5. Automated Long & Short Trading Logic
The strategy is built using Pine Script®’s strategy.entry() and strategy.exit(), allowing fully automated trading.
Long Entry:
Price is above the trend line & high trend level.
Z-score is positive (indicating an uptrend).
(Optional) Price is also above the EMA for stronger confirmation.
Short Entry:
Price is below the trend line & low trend level.
Z-score is negative (indicating a downtrend).
(Optional) Price is also below the EMA for stronger confirmation.
This logic helps filter out unnecessary trades and focus only on high-probability entries.
📌 Trading Parameters
This strategy is designed for flexible capital management and risk control.
💰 Account Size: $5000
📉 Commissions and Slippage: Assumes 94 pips commission per trade and 1 pip slippage.
⚖️ Risk per Trade: Adjustable, with a default setting of 1% of equity.
These parameters help preserve capital while optimizing the risk-reward balance.
📌 Visual Aids for Clarity
To enhance usability, the strategy includes clear visual elements for easy market analysis.
✅ Trend Line (Blue): Indicates market midpoint and helps with entry decisions.
✅ Fibonacci Levels (Yellow): Highlights high and low trend levels.
✅ EMA Line (Green, Optional): Confirms long-term trend direction.
✅ Entry Signals (Green for Long, Red for Short): Clearly marked buy and sell signals.
These features allow traders to quickly interpret market conditions, even without advanced technical analysis skills.
📌 Originality & Enhancements
This strategy is developed based on the IronXtreme and BigBeluga indicators,
combining a unique Z-score statistical method with Fibonacci trend analysis.
Compared to conventional trend-following strategies, it leverages statistical techniques
to provide higher-precision entry signals, reducing false trades and improving overall reliability.
📌 Summary
Iron Bot Statistical Trend Filter is a statistically-driven trend strategy that utilizes Z-score and Fibonacci levels.
High-precision trend analysis
Enhanced accuracy with an optional EMA filter
Optimized risk management with multiple TP & SL levels
Visually intuitive chart design
Fully customizable parameters & leverage support
This strategy reduces false signals and helps traders ride the trend with confidence.
Try it out and take your trading to the next level! 🚀
AnoSun - Lot Size Calculator📌 Description du Script : Lot Size Calculator
Ce script Pine Script v6 est un calculateur avancé de taille de lot destiné aux traders Forex, Indices et Crypto. Il détermine automatiquement la taille de lot optimale en fonction du solde, du risque, du stop-loss et de l’effet de levier.
🔹 Fonctionnalités principales :
✅ Mode de calcul flexible : possibilité de trader en Lots standard ou en Leverage.
✅ Estimation dynamique du spread : basé sur la volatilité du marché (high - low).
✅ Intégration des commissions : prend en compte les frais de trading pour un calcul précis.
✅ Conversion automatique des unités : adapte la valeur du pip en fonction de la devise (USD, JPY, EUR, GBP).
✅ Alerte si la taille du lot est trop grande : avertit lorsque la taille dépasse 2 lots standard.
✅ Affichage sur graphique : affiche la taille du lot, le risque en dollars, le risque réel en %, le spread et les commissions.
🛠 Utilisation :
Configurer son solde, son risque (%) et son stop-loss.
Choisir le mode de calcul (Lots ou Leverage).
Le script affiche la taille du lot idéale et ajuste selon les conditions du marché.
Ce script est idéal pour les traders souhaitant un money management précis et automatisé sur TradingView ! 🚀📊
Créateur : Anosun
BacktestingLibrary "Backtesting"
curve(disp_ind)
Call function to get a certain curve of your strategy.
Parameters:
disp_ind (string)
Returns: Returns type of curve plot.
cleaner(disp_ind, plot)
Call function to filter out your Strategy plots
Parameters:
disp_ind (string)
plot (float)
netprofit(startPrice, startDate)
Parameters:
startPrice (float)
startDate (int)
calculateEquityCurve(startPrice, startDate)
Parameters:
startPrice (float)
startDate (int)
Equity(eq, startDate)
Parameters:
eq (float)
startDate (int)
buyandhold(startPrice, startDate)
Parameters:
startPrice (float)
startDate (int)
calculateMaxDrawdown(_equityCurve, startDate)
Parameters:
_equityCurve (float)
startDate (int)
backtestTable(option, position)
Assign this function to a random variable to get the "Performance Table"
Parameters:
option (simple string)
position (simple string)
Z-Score Pivot Manager v4Overview
This advanced TradingView script merges two powerful strategies into one versatile tool:
Z-Score Pivot Detection identifies statistically significant price extremes using standard deviation.
Magic Trend Signals generate dynamic entry/exit points with trailing stops based on CCI and ATR.
Perfect for trend traders and mean-reversion strategists, it visualizes key levels and signals directly on your chart.
Key Features
1. Z-Score Pivot System
Statistical Extremes Detection:
Calculates Z-Scores (standard deviations from the mean) to flag overbought/oversold pivots.
Adjustable thresholds (Z-Score High/Low) filter only significant pivots.
Smart Pivot Management:
Auto-removes nearby pivots within a user-defined Min Distance (%).
Dynamically adjusts pivot lines: Turns lines red when broken by price action.
Limits clutter with Max Pivots to Show control.
Visuals: White X-cross marks for pivots above/below bars + adaptive horizontal lines.
2. Magic Trend Signals
Trend Direction & Trailing Stops:
Uses CCI (Commodity Channel Index) and ATR (Average True Range) to plot trailing stop levels.
Two adjustable multipliers create a "buffer zone" for trend confirmation.
Entry/Exit Signals:
Buy (▲) when price closes above the upper trend line.
Sell (▼) when price closes below the lower trend line.
Candlestick Coloring: Automatically colors candles based on trend direction (green = bullish, orange = bearish).
Customizable Inputs
Z-Score Settings: Period, pivot sensitivity (Left/Right Bars), and distance filters.
Magic Trend Parameters: Adjust CCI period, ATR length, and multiplier strength.
Visual Controls: Tweak signal markers, pivot colors, and trend line styles.
How to Use
Identify Pivots: Look for X-crosses marking extremes. Broken pivot lines (red) indicate potential reversals.
Follow the Trend: Trade in the direction of the Magic Trend's colored candles.
Execute Signals: Enter/exit using the triangle markers (▲/▼) when price crosses trend boundaries.
Ideal For: Swing traders, positional traders, and analysts seeking confluence between statistical extremes and trend momentum.
"Talha's Pro Signal v2"📌 Talha's Pro Signal - Description
Talha's Pro Signal is a trend-following indicator that combines Exponential Moving Averages (EMA), Relative Strength Index (RSI), and Moving Average Convergence Divergence (MACD) to provide precise Buy and Sell signals.
🔍 How it Works?
1️⃣ Trend Detection:
The script uses EMA 9 & EMA 21 crossover to detect trend direction.
When EMA 9 crosses above EMA 21, it indicates a bullish trend (Buy Signal).
When EMA 9 crosses below EMA 21, it indicates a bearish trend (Sell Signal).
2️⃣ Momentum Confirmation (RSI & MACD):
RSI (14) > 50 confirms bullish momentum.
MACD Line > Signal Line confirms buying strength.
Opposite conditions confirm selling strength.
3️⃣ Stop-Loss & Take-Profit Calculation:
Uses ATR (14) for dynamic SL & TP calculation.
Stop-loss = 1.5 × ATR.
Take-profit = 2 × ATR.
🎯 Best Used For:
✅ Suitable for Forex, Crypto, and Stocks.
✅ Works best on higher timeframes (15m, 1H, 4H, Daily).
✅ Helps traders avoid false signals by combining trend + momentum confirmation.