Fishing The Trend - SetupFishing The Trend - Setup
HOW Does it work ?
The name itself says we must have a trading setup for ease of trading for getting the most from the market.
i.e. Combining the most useful indicator under one roof...
Fishing The Trend - Setup have following ::-
1) IntraDay Range.
2) Four Friends.
3) Fishing The Trend.
4) Multi Time Frame - Custom VWAP.
5) RSI based SMA.
1) Intraday Range
HOW Does it work ?
For calculating the average most probable range for any plotted security, it plots 2 bands higher band and a lower band for a particular range using the default ADR. This indicator is on - as default.
# Upper and Lower band act as support and resistance , user may see a reversal in trend from these bands
# If the price breaks these bands, don't take a trade expecting a reversal
# These bands are calculated by averaging the previous x number of days' highs and lows of the security.
2) Four Friends
HOW Does it work ?
Plotting different EMA for finding the direction of Trend / Market, There are actually 5 EMAs- F1 = 20 EMA, F2 = 50 EMA, F3 = 100EMA, F4= 150, and Trend = 200-EMA. Usually 200 EMA is used to find the trend of market whether bearish / bullish, if market is above 200 ema than we may say its bullish and below 200 ema its bearish. The 50 EMA and 100 EMA works as best pullbacks in the trending market, user can configure as per his trading style and method. This indicator can be changed to multi timeframe as required. User can plot lower time frame data onto higher time or vice-versa for finding better opportunities for early trend detection, also the user have the option to use feature of non-repainting or vice versa. The default Color MA option is un=ticked, means plotting 5 different color EMAs, If the user ticks this feature, the whole 5 EMA color will change into red or orange as per direction of closing candle, user can change color as per his / her color combination. Default plotting time is of 1 min. This second indicator is off by default - user have to tick-it to activate it
3) Fishing The Trend
HOW Does it work ?
The code uses dynamic current levels to identify trend, This indicator is using SuperTrend, ATR and relatively Smoothened ATR for
early trend reversal detection to determine the trend and direction so that a fruitful decision can be made.
To Indicate the strength of the trendline, The standard calculations of SuperTrend, along with multiple smoothen ATR results are clubbed determine the direction, a step ahead. However, the indicator is not appropriate for all the situations. It works when the market is trending. Hence it is best to use for short-term technical analysis . SuperTrend uses only the two parameters of ATR and multiplier which are not sufficient under certain conditions to predict the accurate direction of the market. Here in this indicator ATR value is not editable and after long backtests the best ATR value is kept that helps the indicator working very well.
The default setting is best for use, but user can customize the Multiplier for his own fine tunings, So once the Levels are matched, a Long / Short suggestion is plotted. Best Time Frames to use : starting from 1, 3, 5, 15, 30 Mins and so on... to determine Trend.
Long = L and Short = S.
Where and how to use?
The main use of this indicator is quick scalping and Intra-day trading. The Indicator shows the option to show Long/Short Signals which the use can be turned on or off. The indicator shows a very useful option for early detection of the ongoing trend whether there will be reversal of trend or not ?
Stop Loss - That should be done by following ones risk appetite, Ideally the High of the Previous Candle should be the stop loss for
the Long / Short but everyone has their own Risk Management Strategies based on the capital deployed.
by default this comes on..
4) Multi Time Frame - Custom VWAP.
HOW Does it work ?
VWAP = The volume weighted average price (VWAP) is a trading benchmark used by traders that gives the average price a
security has traded at throughout the day, based on both volume and price. It is important because it provides traders with insight into both the trend and value of a security.
This indicator is programmed for using vwap for spot indices / securities not having volume calculations but have futures, specially banknifty and nifty of Indian markets. User has option to change the plotting timeframe as per his requirements for checking the trend under vwap or over vwap. The user have to type the equivalent script symbol in the space provided to calculate the vwap of that particular security and plot on the non-volume script. Seems confusing !!!! have a look
at example..
eg. - if you have chart of banknifty spot and u want to place vwap on in then just write security name in the blank field banknifty future of continuous contract running month " BANKNIFTY1! " Futures Chart... that's it and u will have futures vwap plotting on spot chart... this can give user a definite idea about the vwap line. User have option to change color of bar and change color of the
vwap line which is plotted.
By default this comes off..
Note = This indicator changes bar color
5) RSI based SMA
HOW Does it work ?
# This indicator is for user using RSI, The twist is that not only it uses RSI but also simple moving average, So this makes the user more safe as it is a combination of RSI and SMA.
# Multi-colored ----> Green/Red/Yellow user can change ..moving average of choice
# user can change overbought / over sold values of RSI as required. The time frame here is fixed.
* There is an On/Off Option for each Indicator.
Disclaimer : There could be scenarios when the candle is shown as a long or short and then the candle turns into opposite direction red/green. In such scenarios , Please refer to the just preceding candle and the early detection signal and if this candle is moving into positive direction only then go for long, Similarly opposite for Short, the value of multiplier 1.0 is determined using series of back test across various assets with different time frames.
User Options : Choice of turning on / off the Long / Short Labels and early detection/StopLoss Option can also be activated or deactivated.
Visual Checks - The user could manually validate the back test results on various assets they would like to use this strategy on before putting it live.
Usage/Markets : Index Trading / Equities and also well with Commodities and Currencies
How to get access
Please click on the link / email available in the signature or send me a private message to get access.
Feedback
Please click on the link/email in the signature or send me a private message for suggestions/feedbacks.
Trendfollowing
Trend CandlesTrend Candles is a simple indicator based on the trend following strategy that shows you exactly when to buy, sell and close trades on every chart, market and timeframe. It's always in a trade, either long or short as indicated by the color of the candles, when the candles are green that means go long, when they switch to red that means go short until the next green candle appears.
It's best used on markets that tend to trend a lot like currencies, futures and cryptos, however it also works well on stocks and ETFs (long-only).
How Is It Different From Other Indicators?
- Designed specifically for the trend following strategy
- Color coded candles for visually appealing chart guidance
- Signals are based on current and past volatility
- They aren't as sensitive to false signals after periods of contracted volatility
- Helps to keep you in the trend without being "shaken out"
- Can be applied to all markets and timeframes
How To Use The Indicator?
1) Visit our website URL shown below this description and subscribe
2) We will then grant your TradingView username permission to use our indicators
3) Go to your Indicators window, then the Invite-Only section and add our indicators to your chart
4) Our indicators will then show on every chart you now look at
5) You can set up alerts to be notified in real time of trading signals from our indicators
6) Read our user manual for all the best tips on how to use our indicators
7) Feel free to reach out to us for personal one-on-one help with getting setup
What Markets and Conditions Does It Work Best On?
All markets cycle between trending and ranging modes, and the key to successfully using these indicators is identifying when the market is in or likely to go into a trending mode, and as such it can be applied to all markets and timeframes. After a market has contracted for a period of time in a tight range, the 1st entry signal after the period of consolidation can become the start of a powerful trend. On the flip side taking every signal when a market is ranging will result in churn.
Our indicators are primarily designed for day trading and swing trading, however they can also be used for position trading and investing by keeping you invested in the trend which can be very difficult to do without a good indicator due to all of us being vulnerable to getting "shaken out" of a trend. This indicator will always respond to changes in price and will never keep you in a trend going against you, and like all good trend following it adheres to the principles of cutting your losses and letting your winners run so long as the trend is intact. It's the top 1-5% of your trades that account for 80-90% of your profits, as fat tail moves happen more often in markets than a normal distribution would suggest and that's why trend following albeit difficult to practice, will always work.
With stocks and ETFs, we recommend sticking to long only as shorting stocks is very difficult no matter the strategy or indicator used. If you're an investor you can use Trend Candles on the daily or weekly charts to help keep you in good stocks and industries and avoid holding onto perpetual losers.
As always indicators should be used as part of a trading strategy to assist in making decisions, instead of just blindly following every signal they produce you should always seek to compliment technical trading signals with additional analysis to reduce your risk and increase your odds of making a winning trade.
Examples Of Trend Candles On Various Markets and Timeframes
FOREX - EURJPY (5 Minute Chart)
CRYPTOCURRENCY - ETHUSD (30 Minute Chart)
STOCKS - TSLA (Daily Chart)
COMMODITIES - GOLD (Daily Chart)

To gain access to Trend Candles today visit our website shown below.
Happy Trend Following :)
Trend Indicator for Directional Trading (add-on)TIDT is a two-part trend-based indicator designed to recognize the general direction and help you identify good opportunities for going long or short (both indicators are called the same way with "main" and "add-on" additions).
This is the add-on indicator that is added below the chart and aside from identifying trending opportunities, it also shows Bullish and Bearish Divergences. Similar to the main indicator, it is based on 3 Moving Averages over which you have full control. You can choose between the following 7 types:
- Simple Moving Average ( SMA )
- Exponential Moving Average ( EMA )
- Weighted Moving Average ( WMA )
- Running Moving Average (RMA)
- Hull Moving Average ( HMA )
- Volume Weighted Moving Average ( VWMA )
- Arnaud Legoux Moving Average ( ALMA )
I strongly suggest that the types and periods for your MAs in the main and the add-on versions are identical so that you get a better visual of the whole picture. However, you may develop a trading strategy that relies on two different types of signals, so that's entirely up to you. Once you have set up the MAs and chosen the lookback period, the rest is taken care of for you. You get two types of signals:
1) Pullbacks - the divergences between your MAs generate a result, which is then averaged as a percentage gain or loss and worked out into a histogram. The colors of the histogram indicate opportunities to buy (if green), short (if red), or sit tight (if white) unless an explicit signal is given by the indicator. Overall the principle is simple - establish the trend and look for weaknesses so that you can open an order in the direction of the trend.
2) Divergences - generated in a similar way to the Pullbacks strategy with some minor adjustments and improvements to better catch the divergences. The histogram is slightly different, as the positive results are plotted above 0 and the negative ones below 0. As such, the histogram looks a lot like MACD, but with different calculations. The color principle mentioned above is the same - green for longs, red for shorts, and white for neutral unless specified by a signal. The change of the shade of the color shows an increase or a decrease in the momentum. A Long signal comes up when the price makes a lower low, while the momentum makes a higher low. A Short signal comes up when the price makes a higher high, but the momentum makes a lower high.
Ticking a box next to the signal type will show the associated histogram and its signals. Due to the different ways those two histograms are calculated and displayed I recommend having either of them On, but not both. However, you may want to be able to see both types of signals, so I've left this as an option. Once again, all colors are fully configurable.
The complete Trend Indicator for Directional Trading has gone over 1,500 revisions, has been forked over 10 times, and has been worked out to be as minimalistic, useful, and practical as possible. A great deal of work, time, and experience have been poured into this indicator to do what it's supposed to do - help you identify better entry opportunities for increased profitability.
If you have any questions regarding the indicator or suggestions on how it could be improved, please let me know. Thank you.
Fractals (Expo)
Fractals (Expo) make use of fractals to identify trends and reversals. The indicator is designed to adapt smoothly and quickly to significant price moves in order to identify trend reversals as well as filtering out noise in an established trend. The indicator is simple to use and understand therefore valuable to all trading styles.
The user has the ability to enable a custom input source which gives the user great flexibility and full control over what the calculations should be based on. The default input source is fractals from the swing points of the market.
Real-Time Trend Alerts
No Repainting
Works on any market and in any timeframe
HOW TO USE
Use the indicator to gain insights into trends and trend reversals.
Identify Trends
Identify Trend reversals
Use it as a Trend filter
INDICATOR IN ACTION
Daily Chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
Trend & Contrarian (Expo)Trend & Contrarian (Expo) is a powerful trend tool with adaptive contrarian- signals. A strong trend is displayed by the background color and the unique Trend dots/line can be used to confirm a strong trend or to identify early trend reversals. The contrarian-signals are adapting dynamically to price moves and should be used as 'preparation' or 'warning' prior to trigger, should be confirmed by a trend reversals signal or by other indicators.
The contrarian signals should only be used if the user fully understands how they work, please test the feature before entering a trade based on it. However, these signals can be very valuable if used correctly.
Green background color ➞ Strong Positive Trend
Red background color ➞ Strong Negative Trend
No background color? ➞ No strong trend. The Trend Dots/line determine the trend
HOW TO USE
Identify strong trends
Identify trend reversals
Identify contrarian signals
INDICATOR IN ACTION
4-hour chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
Moving Averages as Support Resistance MTFHello Traders!
As most of you know that Moving Averages with the lengths 50, 100, 150 and 200 are very important. We should use these this moving averages to figure out S/R levels, the possible reversals points, trend direction etc. we should check these moving averages on Higher Time Frames as well. for example if you look at the chart with 5mins time frame, you should also check it in 1hour and 4hour time frames to see to big picture and main trend. this is important as trend is your friend and you should not take positions against the trend.
I developed this script to show them clearly and make the chart understandable. 1 resistance line above the price and 1 support line below the price, it shows the moving average type, length, time frame and S/R level.
You have option to show SMA or EMA and to include/exclude current time frame, because you may want to see only MAs from higher time frames. you should set higher time frames accordingly.
if you add all moving averages for current and higher time frame the chart looks very crowded as following example:
The script makes it clear to understand the chart better, here an example:
It can show when S/R was broken and you get alert. here an example:
You have coloring and style options, you can change line style and colors as you wish:
Enjoy!
ATR Trend & ATR Top/Bottom (Zeiierman)█ Overview
ATR Trend & ATR Top/Bottom (Zeiierman) blends momentum, volatility, and adaptive trend analysis into a unified framework. It fuses a dynamic oscillator with ATR-based exhaustion detection to identify trend direction, impulses, and potential reversals within the same structure.
Rather than viewing volatility as noise, this tool interprets it as trend expansion, which represents directional conviction, while contraction signals absorption or exhaustion. By combining multi-phase smoothing, adaptive ATR scaling, and contextual trend filtering, the indicator delivers a complete picture of when a market is accelerating, stabilizing, or reversing.
It performs best once a trend has matured and volatility normalizes around a directional core, giving traders the confidence to participate in established moves while dynamically managing risk.
⚪ Why This One Is Unique
Traditional trend oscillators rely on fixed parameters that degrade across assets or timeframes. ATR Trend & ATR Top/Bottom instead employs adaptive weighting and volatility-normalized filtering that automatically aligns with the current market structure.
Its framework integrates three distinct components:
Adaptive Oscillator Core that reveals the internal rhythm of trend and momentum.
ATR Top/Bottom Layer that marks exhaustion and potential turning zones.
Trend Signal & Dynamic Trailing Stop Engine that highlights directional shifts, confirms alignment with the prevailing trend, and transforms trend data into a self-adjusting risk-management system.
█ Main Features
⚪ ATR Trend (The Main Oscillator)
The ATR Trend serves as the indicator’s primary oscillator, translating price and volatility dynamics into a smooth directional curve. When the oscillator line remains above its equilibrium, bullish momentum dominates; when it stays below, bearish momentum prevails. Color transitions reflect real-time trend bias, helping traders immediately recognize whether the market is strengthening or weakening.
This component forms the structural core of the tool, defining overall trend direction, momentum intensity, and transition zones.
It also visualizes trend expansion through the fast leading signal line. When this line crosses above the upper or below the lower boundary, it signals an expansive move within the active trend, often representing short-term overbought or oversold conditions, and can also indicate trend strength in the prevailing market direction.
⚪ ATR Top/Bottom
The ATR Top/Bottom layer highlights potential exhaustion zones within the trend. Green peaks reveal areas of buy-side saturation, suggesting a possible slowdown or reversal in bullish momentum, while red peaks mark sell-side extremes, often appearing before stabilization or renewed strength. These zones help traders identify when a move is becoming stretched or losing balance, offering valuable context for managing exits, scaling out, or anticipating reversals. However, these areas can extend for a prolonged period when price is in a strong, sustained trend, reflecting persistent directional pressure rather than immediate exhaustion.
⚪ Trend Channel Hits
The Trend Channel Hits feature visualizes moments when the price interacts with the projected internal trend channel boundaries of the prevailing trend.
Green arrows appear when the price touches the upper boundary of the trend channel. This can indicate two possible outcomes:
A potential breakout from a negative trend into a developing bullish trend, as price breaks above the upper boundary of the descending channel.
A take-profit zone within an established bullish trend, as price reaches the upper channel where mean reversion is likely to occur.
Red arrows appear when the price touches the lower boundary of the trend channel. This can indicate:
A potential breakout from a positive trend into a developing bearish trend, as price breaks below the lower boundary of the rising channel.
A take-profit opportunity within an established bearish trend, as price reaches the lower channel where mean reversion or short-term recovery is likely to occur.
These signals provide early visual confirmation of trend exhaustion, continuation, or structural breakout, helping traders refine entries, exits, and profit-taking within the broader market context.
█ How to Use
⚪ Trend Following
When the oscillator line remains above the mid-level, the market is in a bullish phase. When it stays below the mid-level, the trend is bearish. Periods where the oscillator holds close to its upper or lower limits indicate strong, sustained momentum in that direction. Watch for color changes or crossovers near the mid-level, as these often signal an upcoming shift in trend control.
Bullish Trend
Bearish Trend
⚪ Trend Signals
To help traders identify and participate in trend trades, the indicator includes pre-built Trend Signals that highlight optimal entry conditions within confirmed market trends. These signals are designed to activate only once the market shows established directional momentum, ensuring higher reliability and filtering out noise from short-term fluctuations.
In addition, the indicator includes built-in take-profit markers for each signal. These serve as suggested partial exit levels, helping traders systematically secure profits while allowing the remaining position to follow the trend with the dynamic trailing stop.
Before relying on the signals, always confirm that the market has been trending for a sustained period. This ensures that entries align with genuine long-term directional strength rather than temporary volatility.
Bullish Trend Signals
Bullish Trend Signals appear during an established uptrend when the indicator detects confirmed positive momentum and stable directional structure. These signals mark potential continuation points where buyers regain control after short-term pauses or pullbacks.
The objective is to follow the trend signals, manage trades with the dynamic trailing stop, and consider taking partial profits at the inbuilt take-profit levels plotted by the indicator.
This setup works best when the market is trending clearly upward and has demonstrated consistent buying strength over time.
Bearish Trend Signals
Bearish Trend Signals occur during a confirmed downtrend, indicating that selling momentum remains dominant and the trend structure is intact. They typically appear after short-term corrective rallies, signaling that sellers are reasserting control within the broader bearish environment.
As with bullish signals, the goal is to follow the trend signals and trailing stop to capture sustained downside movement, while using the inbuilt take-profit levels to lock in partial gains as the move progresses. This approach performs best when the market is in a clear, mature downtrend with persistent selling pressure and expanding downside momentum.
⚪ Trend Impulses
Impulses represent short bursts of directional acceleration within the active trend.
A surge above the upper band reflects bullish expansion.
A move below the lower band marks bearish acceleration.
These impulses often precede short consolidations before the trend resumes. Traders can use them to scale into strong phases or take partial profits at temporary extremes.
⚪ Reversals
Enable ATR Top/Bottom to monitor momentum peaks:
Red peaks show strong selling momentum. When these peaks start to fade, it can signal that selling pressure is weakening and a potential recovery may be forming.
Green peaks show strong buying momentum. As their size shrinks, it may signal that buying pressure is slowing, and a possible pullback or reversal could follow.
⚪ Extended Trends
For traders who want to visualize intense, extended trend phases, enable the ATR Top/Bottom feature and increase the Length setting to around 30, with Sensitivity set between 40 and 50. Consider reducing the ATR Trend Length to 50 to gain clearer signals of when a trend begins and ends.
This configuration extends the ATR Top/Bottom zones across the entire duration of a major trend, making it easier to identify sustained directional strength and long-lasting momentum phases.
█ How It Works
⚪ Adaptive Oscillator Engine
The oscillator interprets directional flow through a combination of momentum mapping and volatility weighting. It continuously re-centers its equilibrium to reflect evolving market structure, producing a stable yet responsive representation of underlying trend force.
Calculation: Applies multi-domain smoothing and adaptive normalization to align amplitude with volatility while maintaining directional coherence.
⚪ ATR Top/Bottom Detection
The exhaustion layer isolates high-magnitude deviations from the current volatility envelope, identifying potential top and bottom regions where expansion may stall.
Calculation: Uses proportional volatility thresholds and dynamic range modeling to highlight statistically elevated momentum extremes without over-reacting to noise.
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Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
유료 스크립트
RichBomb Tool/IndicatorThis is a customized strategy by RichTL indicator.
RichBomb helps traders catch explosive movements in the market.
RichBomb color the dots/diamonds by orange when at least three RichTL dots/diamonds come very close to each other forming a small range.
We usually on the break of the RichBomb range upward or downward. Stop Loss goes on the last major swing from the other side, and we target a 2/1 Reward/Risk Ratio.
RichBomb is not a stand-alone strategy, but acts as one confluence in your trading plan.
For example, if the price is sitting around resistance, we would be only interested in selling on the RichBomb range breakout downward, not upward.
RichBomb works on all instruments (Forex, Crypto, Index, Stock, Commodity...) and all Timeframes.
Good Luck!
Range & Trend (Zeiierman)█ Overview
Range & Trend (Zeiierman) is a trend-first mapping of price that fuses an adaptive Range & Trend Line, a Trend Buffer (noise gate), a volatility-aware Trend Tracker, and optional Range Levels & Candles to reveal where trend is establishing, compressing, or handing off to a ranged regime.
Execution is guided by graded Buy/Sell labels (Regular / Plus / Strong), structural HH/HL & LL/LH markers with optional Peak Profit readouts, and a multi-TF Timeframe Scanner for alignment.
⚪ Why This One Is Unique
Unlike single-source trend lines, this version layers two orthogonal stabilizers:
a Range & Trend core that adapts its band size to volatility and dispersion, and
a dynamic smoothing buffer that dampens insignificant fluctuations, ensuring only meaningful trend movements affect signal output.
Signals are graded (Regular / Plus / Strong) based on contextual conditions, allowing traders to gauge the conviction behind each trend event. Range Candles add regime context by coloring bars only when a statistically consistent range structure forms, highlighting potential consolidation or transitional market phases. A lightweight Timeframe Scanner completes the workflow, broadcasting alignment from intraday to daily without adding chart clutter.
█ Main features
⚪ Range & Trend Line – Signal Generator
Adaptive directional mapping forms the foundation of the system. It highlights the active trend through color transitions and generates graded Buy/Sell labels (Regular / Plus / Strong) to reflect the strength of confirmation. The line responds dynamically to volatility, revealing when momentum is expanding, stabilizing, or reversing.
Unlike typical reactive signal tools, this model isolates only the most strong and meaningful trend transitions — those with the structural weight to establish or extend a new long-term directional phase. Each signal represents a filtered, high-conviction shift rather than a short-term fluctuation.
⚪ Trend Buffer (Noise Gate)
A precision filter that smooths the core trend output and suppresses false flips caused by short-term noise. It enhances visual consistency and provides the confirmation layer used to promote Regular signals to Plus strength when agreement occurs between buffer and core.
⚪ Trend Tracker
A trailing validation line that tracks directional health and trend persistence. It advances only in the direction of the active move, creating an adaptive stop-like reference. Tracker alignment helps identify trend exhaustion and contributes to Strong-grade signal confirmation.
⚪ Range Levels & Candles
Contextual zones that identify periods of compression or balance. When a valid range forms, candles are shaded within it, distinguishing ranging environments from trending conditions. These zones help anticipate breakouts and define natural support and resistance areas.
⚪ Live Structure (HH/HL & LL/LH with Peak Profit)
Displays real-time structural evolution — Higher Highs/Lows during uptrends and Lower Highs/Lows during downtrends. The optional Peak Profit label shows performance since the last regime change, offering an immediate view of current trend efficiency.
⚪ Timeframe Scanner
A compact multi-timeframe alignment panel that visualizes bullish or bearish trend states across user-selected intervals. It provides fast confirmation of directional consensus, helping traders act only when the broader structure supports their chosen bias.
█ How to Use
⚪ Range & Trend Line – Signal Generator
The Range & Trend Line is the core signal engine — its color shifts mark confirmed directional changes. This is where the system produces the graded Buy/Sell signals shown as ▲ / ▼ labels. Each grade reflects how many internal layers agree at the moment of signal creation:
Regular (▲ / ▼) – Triggered by a confirmed flip in the Range & Trend core. It appears when the base trend direction changes and is the earliest signal of potential reversal.
Plus (▲ + / ▼ +) – Requires the Trend Buffer to confirm the same direction. This upgrade indicates stronger trend agreement and higher reliability.
Strong (▲ ++ / ▼ ++) – These are high-conviction continuation signals and typically occur after structural confirmation.
How to trade them: Regular signals provide early awareness; Plus signals suggest confirmation; Strong signals mark trend maturity or high-probability continuations. Always trade in the direction of the prevailing trend. Use the Trend Buffer or Live Structure to confirm the dominant directional bias before acting on a signal.
⚪ Support and Resistance
The Range & Trend Line and the Buffer Line can act as dynamic support and resistance zones. Price often reacts around these levels, confirming whether the current move is continuing or losing strength.
Look for confirmation or rejection signals near these lines. Reactions around them often mark key decision points within the active trend.
⚪ Range Levels & Candles
Highlights when price enters structured consolidation zones. Candle coloring activates only inside validated ranges, helping to identify areas that show the typical characteristics of a ranging market. These zones visually separate balanced conditions from active trends and provide context for potential transitions.
Watch how price reacts around the upper and lower range levels. Look for false or confirmed breakouts, and expect price to move between these boundaries until a clear breakout develops. Range edges can also serve as practical entry or stop zones.
█ How It Works
⚪ Range & Trend Core
The main engine that defines the chart’s directional trend line. It adapts to changing market conditions, showing a smooth and reliable view of trend strength and direction.
Calculation: Builds a range-adaptive structure whose width adjusts with current volatility. The core moves toward new highs or lows but limits pullbacks to avoid false shifts. Several smoothing methods work together to create a steady, low-lag trend path.
⚪ Trend Buffer (Noise Gate)
A stabilizing layer that keeps the main trend line steady when price noise increases. It improves visual clarity and helps confirm true direction before a trend update appears.
Calculation: Uses a feedback-based update that reacts more when movement is strong and less when noise dominates. This lets the buffer ignore minor fluctuations while staying responsive to real trend changes.
⚪ Trend Tracker
A support line that follows the main move and helps confirm when a trend remains intact. It also serves as a guide for managing active positions.
Calculation: Applies a one-way trailing system that only moves in the direction of the trend. The offset adjusts with volatility, keeping a consistent distance that tightens or widens with market energy.
⚪ Buy/Sell Signal Engine (Regular / Plus / Strong)
The signal system that classifies entries by strength and confirmation level. It reacts to real-time trend changes while filtering weak reversals.
Calculation: Detects state flips in the Range & Trend Core, checks for agreement with the buffer, and rates each signal by historical pattern support. Higher-grade signals appear only when several layers confirm continuation strength.
⚪ Range Levels & Candles
Identifies short-term balance zones and highlights candles within those areas. These zones show where price pauses before the next directional move.
Calculation: Finds upper and lower range limits based on recent highs and lows, confirming only when several bars form a stable zone. Candle colors and level lines extend slightly forward to show likely reaction areas.
⚪ Swing Points & Peak Profit
Marks key turning points and measures performance since the last reversal. It helps track the strength and duration of each movement.
Calculation: Keeps a short memory of recent pivots and updates only when a new high or low replaces the last one. The percent distance from the last flip to the current bar defines the live Peak Profit reading.
⚪ Timeframe Scanner & Alert Aggregator
Combines directional data from multiple timeframes into a single view. Alerts trigger only when all selected timeframes agree.
Calculation: Gathers the trend state from each timeframe, converts it to a simple up or down value, and compares the results. When every layer matches your chosen direction, one clear, high-confidence alert is sent.
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Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
유료 스크립트
Trend Average (Expo)
Trend Average (Expo) measures the overall trend strength and how strong the current price move/momentum is. The color of the average helps to identify the strength and momentum of the trend.
The user can enable Bar Color that coloring the candlesticks based on the trend strength.
The user can choose between different average calculations, such as SMA, WMA, HMA, to mention a few.
This indicator is for those that don't want to have the Trend Oscillator (Expo) but still want to keep track of the trend strength and direction. There is a minor difference in how the trend is calculated due to the nature of input variables.
HOW TO USE
Identify the trend strength and direction
Identify current momentum
INDICATOR IN ACTION
Daily chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
[astropark] Altwalker V2Dear Followers,
today I'm happy to share with you Altwalker V2 , an updated version of the former Altwalker for lower timeframes (from 5 minutes to 4 hours).
It is both a Swing and Scalping Strategy indicator , based on a simple trend following theory , mainly designed for Cryptocurrencies, Altcoins and of course Bitcoin.
Here you can see the Altwalker V1:
Based on Moving Average, Altwalker V2 on low timeframes dynamically identifies market resistance and support, so in which trend a cryptocurrency is during time:
green trendline and background means bullish trend , in fact it start with a "buy" signal
red trendline and background means bearish trend , in fact it start with a "sell" signal
if a series of buy and sell appears (this may happen especially in lower timeframes), this means price is in consolidation or distribution phase, so be prepared for a new trending phase coming soon, always remembering that taking profits is awesome and managing your risk by defining you position size and having a stoploss is a must in trading
To help in Taking Profits, Altwalker integrates also 2 special tools besides the trend highlighter:
Overbought and Oversold RSI Signals , which appear both as darker background (the darker the color, the more the price is in overbought/oversold) and green "ob"-"tp" / red "os"-"tp" labels (they optionally pop up only on a configurable stronger overbought/oversold condition) (you can enable/disable it optionally)
Peak Profit Tracker , which resets every time a new trade start and keeps track of price fluctuation during the trade: the message is don't be too much greedy and take profits or lock them with a stoploss in profit (you can enable/disable it optionally)
You can edit many options in order to
enable/disable showing buy/sell signals
enable/disable showing trendline
edit trendline variant (you have 2 options, by default variant 1 is selected)
enable/disable showing trend as background
enable/disable showing RSI TP signals
edit RSI length, overbought (OB) and oversold (OS) levels
enable/disable showing peak profits on each trade
The user who wants to use this strategy, especially via an automated bot, must always set a stoploss (example 150$ from entry on bitcoin ) or use a proper risk management strategy .
This is not the "Holy Grail", so use it with caution. It's highly suggested to use a proper money management .
This script will let you set all notifications you may need in order to be alerted on each triggered signals.
Here there are some examples how Altwalker V2 works on many timeframes and markets:
LINK/USDT 1h
XLM/BTC 1h
ETH/BTC 1h
ETH/USDT 1h
COMP/USDT 1h
YFI/USDT 15m
NEO/BTC 5m
VET/USDT 15m
This is a premium indicator , so send me a private message in order to get access to this script .
Trend Algo (Zeiierman)█ Overview
Trend Algo (Zeiierman) converts raw price movement into a cohesive, volatility-aware trend map. Rather than static moving averages, it builds an adaptive trend core that responds to market state changes, then layers regime-sensitive clouds (Infinite Sky) and horizon-bounded channels (HorizonX), plus precise trend-change and continuation signals. The result is a clean framework for reading direction, timing pullbacks, and validating momentum.
The indicator visualizes the active trend line, adaptive clouds, and stateful signals to reveal transition zones, trend acceleration, and exhaustion. It suits intraday execution, swing confirmations, and structural regime assessment.
⚪ Why This One Is Unique
Unlike conventional trend tools, this version combines volatility-normalized trend estimation, AI-style regime clustering, and horizon-bounded support/resistance channels. Its framework uses multi-phase smoothing, adaptive width scaling, and state detection that aligns entries and continuations with current market inertia—reducing whipsaw while preserving responsiveness.
█ Main features
⚪ Dynamic Clouds
The Dynamic Trend Line provides a stabilized, noise-aware trajectory of price, color-coded by directional bias. Two cloud systems overlay the core trend:
Infinite Sky (AI) — a regime-aware cloud that distinguishes fast vs. slow trend states.
HorizonX — adaptive channels that operate as dynamic support/resistance and define trend boundaries.
⚪ Candle Coloring
The candle coloring is designed to highlight trend momentum peaks, allowing you to instantly recognize when the trend is accelerating or slowing down. This visual feedback makes it easier to interpret the strength and speed of directional moves directly on the chart, seamlessly complementing the Dynamic Trend Line and Cloud systems.
⚪ Trend Change Signals & Trend Continuation Signals
The main signals are the Trend Change Signals , designed to trigger when the current trend structure begins to shift its state. These signals give you an instant sense of when a potential trend reversal or directional change might occur.
To complement them, we’ve added Trend Continuation Signals , which only activate within an established trend. These signals confirm the current direction and indicate that the trend is gaining strength and preparing for another move in the same direction.
⚪ Trend Line
Two types of trend lines are integrated: Stability and Dynamic.
The Stability Line follows the current price action in a smooth, drift-like manner — staying closer to price to act as a faster support and resistance zone.
The Dynamic Line adapts to volatility, ensuring that continuous movements within the trend are taken into account. This helps traders stay aligned with the trend and capture extended moves during periods of higher market activity.
█ How to Use
⚪ Trend Changes
Trend Change Signals appear when the current trend structure begins to shift, signaling a potential reversal or directional transition. These signals help traders anticipate moments when momentum weakens or changes direction, offering early insight into possible turning points in the market. Combine Trend Change Signals with Candle Coloring or Cloud behavior to confirm entries and strengthen trend reversal validation.
⚪ Trend Continuations
Trend Continuation Signals trigger within an established trend, confirming that the current direction remains strong. They often appear after pullbacks or pauses, suggesting that the market is ready for another move in the same direction. These signals work best when paired with the Dynamic Trend Line, allowing traders to stay confidently aligned with powerful ongoing trends.
⚪ Support and Resistance
The Stability Trend Line acts as a reactive support and resistance guide, staying close to price and highlighting areas where market reactions are most likely to occur. It offers traders a clear view of short-term structure and helps identify potential bounce or rejection zones with precision.
The Dynamic Trend Line adapts to volatility, forming flexible support and resistance zones that expand during strong momentum and contract during quieter phases, keeping the visual structure balanced and responsive to changing market conditions.
HorizonX defines the outer adaptive boundaries of the trend. These dynamic channels operate as broader support and resistance frameworks, helping traders anticipate trend exhaustion or continuation zones beyond the immediate price action.
The Infinite Sky (AI) cloud adds a regime-aware layer that distinguishes fast and slow trend states, visually framing the strength of support or resistance regions as they evolve and allowing traders to read both momentum and structure in a single glance.
█ How It Works
⚪ Dynamic Trend Core
A volatility-normalized estimator generates the primary trajectory and color state, balancing stability vs. agility by adapting to dispersion and displacement.
Calculation: Multi-phase weighted smoothing with volatility-scaled adjustments and adaptive phase control to minimize lag while preserving curvature.
⚪ Infinite Sky (AI Regime Cloud)
Differentiates fast vs. slow trend states and paints a regime-aware cloud that guides timing and risk.
Calculation: Windowed return modeling (with optional consolidation), two-pole response filtering, and distribution-center clustering to classify regimes and modulate the envelope.
⚪ HorizonX Trend Channels
Defines dynamic support/resistance “horizons” that expand/contract with conditions and filter counter-trend noise when strong-trend mode is enabled.
Calculation: A volatility-aware core that evolves with changing price dynamics, maintaining precision across all market conditions.
⚪ Trend Line & Continuations
A fast reaction line confirms pullbacks and validates continuation only when aligned with prevailing bias and structure.
Calculation: Short-horizon smoothing with phase-managed weighting, slope/position gating, and context checks against regime and horizon levels.
⚪ Impulse Detection
Identifies statistically meaningful bursts that precede expansion or warn of exhaustion after extended runs.
Calculation: Nonlinear impulse-response mapping emphasizing second-order changes in directional energy while suppressing micro-noise.
⚪ Trend Bands
Upper/lower bands visualize the active envelope for timing adds, trims, or exits within trend.
Calculation: Percentile-guided banding blended with adaptive anchors to retain structural relevance through regime shifts.
⚪ Bar Color Integration
Bars can inherit trend/gradient context to make state shifts obvious at a glance.
Calculation: Algorithmic gradient model integrating directional momentum intensity to render bar coloration in sync with market flow.
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Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
유료 스크립트
[NLX-L1] Trend Index- NLX Modular Trading Framework -
This module is build upon the Trend Index by Mango2Juice (thanks for your permission to use the source!)
It includes all the common indicators and creates a positive or negative score, which can be used with my Modular Trading Framework and linked to an entry/exit indicator.
SuperTrend
VWAP Bands
Relative Strength Index ( RSI )
Commodity Channel Index ( CCI )
William Percent Range (WPR)
Directional Movement Index (DMI)
Elder Force Index ( EFI )
Momentum
Demarker
Parabolic SAR
... and more
- Getting Started -
1. Add this Trend Index to your Chart
2. Add one of my Indicator Modules to your Chart, such as the QQE++ Indicator
3. In the QQE Indicator Settings combine it with the Trend Index (and choose L1 Type)
4. Optional: Add the Noise Filter , and in the Noise Filter Settings you select the QQE Indicator as combination (and choose L2 for Type)
5. Add the Backtest Module to your Chart
6. Select the Noise Filter in the Backtest Settings
Indicator modules can be combined in many different ways in my framework - have fun!
- Alerts for Automated Trading -
The alerts module is coming soon and you will be able to create alerts to automated your trades.
See my signature below for more information.
Multi Time Frame CandlesHello Traders,
This script can show (upto) 3 candles of another time frames without changing chart time frame realtime . You can choose the time frame and number of candles in the options. You have option to change body and wick colors as well.
in this example number of candles is 2:
You can set body and wick colors:
In this example, weekly candles are shown on 1h chart:
Enjoy!
RSI TrendsRSI is a momentum indicator, however most people seem to be using it to go against the momentum by trying to identify tops/bottoms using it. Its in my opinion the wrong way to be using it. It can be easily used for trend following which seems like a better use for it.
Uptrend - RSI > 60
Downtrend - RSI < 40
Sideways - RSI between 40 and 60
If however not interested in filtering for sideways trends and convert it to a long-short only strategy that stays in market all the time then it can be simply modified by setting both overbought/oversold thresholds to 50. In such a case uptrend will be above 50 and downtrend will be less than 50.
Note: wait for close for current bar to be confirmed as RSI is calculated at close
Automatic Risk to Reward PivotsIn a nutshell I was tired of guestimating what my risk was between pivots when getting into trades I went to work on the basic math behind the relationship of the pivots to find their natural risk to reward ratios.
The natural risk to rewards span high and low...for example...you can go from the S3 --> R3 and that R:R is with a stop loss of the S4 is 7.4
But making all of those possibilities in code is excessive and for simplicity sake I price can only be between two pivot areas at any point in time.
So this auto risk to reward is limited to the 2:1 opportunities. If you by chance do the math for all of the possibilities as I have then it would be easy to change the Take Profit levels.
I use the fibonacci pivot points in this indicator but I include the mid levels and further extensions totaling 20 levels, 21 including the pivot.
Here they are...the generic plots are bolded...the additional levels are the other fib levels
R7 - 200%
R6 - 162%
R5 - 141%
R4 - 127%
R3 - 100%
R-C - 76%
R2 - 62%
R-B - 50%
R1 - 38%
R-A - 24%
Pivot
S-A - (24%)
S1 - (38%)
S-B - (50%)
S2 - (62%)
S-C - (76%)
S3 - (100%)
S4 - (127%)
S5 - (141%)
S6 - (162%)
S7 - (200%)
The indicator give you the setups for uptrends and downtrends based on the pivot point moving averages (ex. ema(hlc3, 34)) from a higher timeframe which you will be free to change yourself in the inputs.
For my setup, I trade from the daily pivots using the 10m or 5m chart so my next level up is the weekly pivots which I view using the 1H chart candles.
In the next iterations I will add the ability to change the MA lengths.
Pivot Point Moving average lengths
Weekly lengths - fast 34 : slow 55
Monthly lengths - fast 13 : slow 34
Yearly lengths - fast 13 : slow 34
Rules for Uptrends
Fast MA > Slow MA
Session high < r6
Rules for Downtrends
Fast MA < Slow MA
Session high > s6
Timeframes applicable are only those who have a higher pivot set above it
Monthly_SR = 240m, 300m, D
Weekly_SR = 26m, 30m, 60m
Daily_SR = 1m, 3m, 5m, 10m, 15m
Your take profit line will always populate where your risk will be 2:1
Your stop loss will always be one pivot level underneath or above your entry
Feel free to ask any questions. Trade well my friends!
Support Resistance - Aging [Example]Hello All,
First all of Thanks to Pine Team for adding Arrays to Pine!
In this script I tried to make example for
1. Finding S/R lines using highest/lowest function
2. Using 1D array as 2D (we keep S/R levels and age)
3. "Age" usage for S/R levels, getting older on each candle and changing colors by their age (maximum age is 127 then it disappears)
You can use "Close"/Open " or " High/Low " as source.
There is an option for the background color, by default it's Black, do not forget to set it accordingly :)
Enjoy!
10ema Basic Swing Trade StrategySTRATEGY INGREDIENTS
* DAILY chart
* 10 ema on daily
* 50 ema on daily
STRATEGY RECIPE SUMMARY
Wait for a CLOSE BELOW the 10 ema on the daily chart ...YESTERDAY. Wait for a CLOSE ABOVE the 10ema TODAY...ensure the price action is ABOVE the 50 ema on the daily chart ...buy at the close if the green arrow indicator is shown. Be sure to get your order filled BEFORE the market closes -- if you are using directional options...b/c you know, the options market doesn't have after hours.
BE AWARE of your own risk tolerance...step stops at appropriate levels...Take responsibility for your own trades. BACKTEST this strategy before using a LIVE MONEY TRADING ACCOUNT.
Array-Trend-BandsHere I propose a simple trend following system, where one can ride out moves in a trending direction and use it to reenter the trades in the direction of the trend. This band is also capable of tracking down the strength of the price action, there will be a real indication of compression in price movement and expansion.
These zones usually blow traders' accounts when they trade MA's, they end up taking too many trades in the compression zones, it an inherent fault with the MA systems, no matter which MA you use. This, however, is a very clear indicator to avoid these compression zones to take the trade and enter only when price gives clear breakout.
This indicator does not require user input and it works on all TF and all instruments, as long as there is a price, this will work.
Past performance is no assurance of future success. This is an idea for education purposes only.
Please note that this is coded using TV's newly introduced array functions, so it's extremely snappy.
Regards!
Support Resistance - Dynamic v2Hello Traders!
After the addition of "Arrays" to the Pine, I developed new and improved version of Support Resistance - Dynamic script as version 2. In this script Arrays were used. This can be used as Support Resistance tool, also it will be an example for the people who want to learn Array usage in Pine. Many thanks to Pine Team for adding Arrays!
The script finds the Pivot Points and check them in channels if there can be S/R or not, and draws mid line of the channel as S/R line. you can set number of PPs and channel width in the options. Each channel width is optimized dynamically according to Pivot Points. Also you can choose " High/Low " or " Close/Open " as source for Pivot Points.
There is an option for maximum number of S/R levels. S/R levels are found and sorted dynamically and number of S/R lines with enough strength changes dynamically.
Some other options for coloring and line width. (Solid, Dashed or Dotted)
S/R levels are shown in the Labels and Label colors are changed automatically, if S/R line is below the closing price then it's color is Green (as Support), otherwise its color is Red (as Resistance).
Examples:
Enjoy!
Smoothed CandlesHello Traders,
This is " Smoothed Candles " script to get rid of noises and to get a smoothed chart to figure out breakouts and price movements easily.
There are three scaling methods: User Defined, Dynamic (ATR) and Percentage
Optionally you can add 2 Simple Moving Averages and 2 Exponential Moving Averages
Optionally you can hide the Wicks, example:
You can add moving averages:
Easily find breakouts:
Enjoy!
Higher Timeframe Trend Indicator V3.0What is it?
An indicator that depicts the trend of up to 5 higher timeframes on the same chart without needing to context-switch between charts.
Features
- Supports up to 5 timeframes
- Trends indicated by 5 colored buttons: one for each timeframe
- Varying shades of green: uptrend
- Varying shades of red: downtrend
- White/silver: sideways/neutral
- Configurable length (time period) for each timeframe
- Increase length to capture long term trends; decrease it to capture only short term ones
- Configurable sensitivity for each timeframe
- Sensitivity determines what angle is considered trending and what is not
- Increase sensitivity to capture weak trends
- Decrease sensitivity to filter out weak trends and capture only strong/steep ones
- Sensitivity ranges from 1 (least sensitive) to 3 (most sensitive)
- Move the labels around vertically for better visibility by changing the "Location" and "Offset" parameters
How should one use it?
Use it to quickly browse through charts to understand the context across timeframes, and zero in on only those that have trends aligning on the higher and lower timeframes as per your strategy. For e.g., a chart that is trending up strongly on the 15min and 60min (indicated by dark green colored buttons), and trending down on the 1 and/or 5 min (indicated by red-colored buttons), can be shortlisted for a potential pullback trade. Use your favorite pullback strategy (Supply/Demand, Support/Resistance, Moving Averages, etc.) to hop in on the trend.
How are trends determined?
The indicator uses normalized %change in price of the linear regression line segment of the chosen price sources (close, high, low, MA, etc.) over a specified length to determine trend direction and intensity
Known Issues
Will indicate the trend correctly only for timeframes *higher* than the current (visible) resolution/timeframe of the chart. Might not indicate it correctly for lower timeframes ( i.e., lower than the current (visible) resolution/timeframe of the chart). For this reason, all timeframes lower than the current resolution will be hidden in the present release.
Future releases
- I am still experimenting with various sensitivity levels and the corresponding trend shades to make the tool as accurate and intuitive as possible. These modifications might come in
- Sensitivity levels might be increased.
- Bug fixes, if any
Momentum Drift Oscillator™TradeChartist Momentum Drift Oscillator is a elegantly designed Oscillator that uses both trend following and mean reversion models, that helps visualize the price momentum, based on user defined lookback period and standard deviation.
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Momentum Drift Oscillator ( MDO ) Features:
MDO shows how far away the price is, from the mean, based on Lookback Length (21, 34, 55, 89, 144, 233) and Standard Deviation input (Min - 0.236, Max - 2.0) , and helps understand potential price reversal points based on mean reversion principles.
Drift Visualizer helps visualise the velocity with which Price moves and helps the trader spot various momentum drift zones like Fuel zones, Overbought/Oversold areas and Bull/Bear Exhaustion limits. Drift Visualizer above 150 is usually Overbought and value above 200 is Super Overbought. Similarly, value below -150 is usually Oversold and value below -200 is Super Oversold.
Option to enable and disable coloured bars based on Momentum Drift. (Colour intensity on Price bars helps visualise the price momentum - 2 Colour Schemes available from the settings - Chilli and Flame).
Long and Short Trade Alerts can be created using Once Per Bar Close .
The indicator does not repaint. Alerts may display potential repaint warning, but this is because the code uses bar index for Drift Visualizer labels. For confidence in the indicator, it can be tested using bar replay to make sure the real-time and bar replay trade entries and plots stay on the same bar/timestamp.
MDO can be connected to ™TradeChartist Plug and Trade to generate Trade Entries, Targets, Sop Loss plots etc and to create all types of alerts.
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Why is Momentum Drift Oscillator ( MDO ) different from traditional Momentum based indicators?
This Momentum Drift model truly combines mean reversion and trend following principles, but with a unique original idea.
It needs 2 user defined inputs - Lookback length and Standard Deviation. If for example, say the trend is Bullish and MDO is above 0, the Oscillator doesn't go below 0, even if there is extreme bull exhaustion, if the trend based on lookback and standard deviation is not favorable to reverse trades.
Only Fibonacci lookback periods (21, 34, 55, 89, 144, 233) are used as they have been found more effective than other periods. The default Lookback period is 55 and Standard Deviation is 1, but this can be changed from the settings. Lower values of Lookback period go well with higher Standard Deviation and higher values of Lookback period go well with lower Standard Deviation (0.5, 0.618, 0.786, 0.886, 1 etc.), based on trading style and personal risk strategy.
The indicator includes a Drift Visualizer that helps spot important trade zones based on Price Velocity, calculated dynamically for every bar based on user defined parameters. The first move above or below 0 always opens at Bull Fuel or Bear Fuel zone and the exhaustion zones are reached only at the time of price returning to the mean. But it doesn't change direction if the trend is still up, so the trader can make an informed decision as to when to reverse trades, based on another confirmator.
Similarly, when the Visualizer reaches Fuel or Support/Resistance zones, it normally needs a bit of a push to reach the Overbought - Super Overbought/Oversold - Super Oversold levels where the price normally starts reversing back to the mean and this whole process can be visualized through Visualizer labels on MDO. This process eliminates a lot of noise that normally comes with traditional Momentum indicators.
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Example Charts:
1. XAU-USD 1hr chart - Lookback - 55, Std Dev - 2
2. ADA-USDT 4hr chart - Lookback - 89, Std Dev - 1
3. WTI - USOIL Daily chart - Lookback - 34, Std Dev - 1.618
4. SPX Daily chart - Lookback - 144, Std Dev - 0.236
5. GBP-USD 15m chart - Lookback - 144, Std Dev - 0.618
6. BTC-USD 1hr connected to Plug and Trade - Lookback - 55, Std Dev - 1
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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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