מתנדים
VWAP Momentum Oscillator How It Works
Core Calculation Method
The oscillator combines four key market measurements into a single, normalized reading:
1. Price-VWAP Deviation: `(Close - VWAP) / VWAP × 100`
2. VWAP-MA Momentum: `(VWAP - MovingAverage) / MovingAverage × 100`
3. Anchored VWAP Strength: Average of high/low anchor deviations from rolling VWAP
4. Range Position: `(Close - PeriodLow) / (PeriodHigh - PeriodLow) × 100 - 50`
Dynamic Signal Line
The signal line uses an EMA that automatically adjusts its length based on your chart timeframe:
- Futures: Always covers 23 hours of trading (1,380 minutes)
- Stocks: Always covers 6.5 hours of trading (390 minutes)
- Examples: 276 periods on 5-min futures chart, 1,380 periods on 1-min futures chart
Trading Signals
🟢 Buy Signals
- Condition: Main oscillator crosses above signal line while below zero
- Logic: Momentum turning bullish from oversold conditions
- Visual: Green "BUY" label below price action
🔴 Sell Signals
- Condition: Main oscillator crosses below signal line while above zero
- Logic: Momentum turning bearish from overbought conditions
- Visual: Red "SELL" label above price action
⚠️ Extreme Warnings
- Extreme Overbought: Red triangle when oscillator crosses above +4.0
- Extreme Oversold: Green triangle when oscillator crosses below -4.0
- Purpose: Risk management alerts, not entry/exit signals
Oscillator Zones
Interpretation Guide
- Above +2.0: Strong bullish momentum zone (green background)
- 0 to +2.0: Mild bullish territory
- 0 to -2.0: Mild bearish territory
- Below -2.0: Strong bearish momentum zone (red background)
- Above +4.0: Extreme overbought (caution advised)
- Below -4.0: Extreme oversold (potential reversal zone)
Customization Options
Moving Average Settings
- EMA/SMA Toggle: Choose between exponential or simple moving average
- Color Customization: Adjust MA line color and width
Visual Controls
- Bullish/Bearish Colors: Customize momentum zone colors
- Signal Line: Toggle visibility and adjust color
- Line Widths: Control thickness of all plot lines
Anchor Modes
- NY Session Only: Anchors reset at NY market open (9:30 AM ET)
- 24H NY Day: Anchors reset at NY calendar day change (midnight ET)
Best Practices
Timeframe Selection
- Scalping: 1-5 minute charts for quick momentum changes
- Day Trading: 5-15 minute charts for clearer trend signals
- Swing Trading: 1-4 hour charts for major momentum shifts
Signal Confirmation
- Wait for crossovers: Don't trade on oscillator position alone
- Respect extreme levels: Exercise caution above +4 or below -4
- Use with price action: Combine with support/resistance levels
Risk Management
- Extreme zones: Reduce position size when oscillator is extended
- Failed signals: Exit quickly if momentum doesn't follow through
- Market context: Consider overall trend direction and market volatility
Technical Specifications
Calculation Components
- Base Length: 1,380 periods (futures) / 390 periods (stocks)
- Signal Line: Dynamic EMA covering one full trading day
- Smoothing: 3-period SMA on raw oscillator (adjustable)
- Update Frequency: Real-time on every price tick
Performance Notes
- Resource Efficient: Optimized calculations minimize CPU usage
- Memory Friendly: Uses incremental VWAP calculations
- Fast Loading: Minimal historical data requirements
Version History & Development
This oscillator evolved from advanced VWAP overlay strategies, transforming complex multi-line analysis into a single, actionable momentum gauge. The indicator maintains the sophistication of institutional VWAP analysis while providing the clarity needed for retail trading decisions.
Core Philosophy
Traditional VWAP indicators show where price is relative to volume-weighted averages, but they don't quantify momentum or provide clear entry/exit signals. This oscillator solves that problem by normalizing all VWAP relationships into a single, bounded indicator that works consistently across all timeframes and asset classes.
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Open Source License: This indicator is provided free for the TradingView community. Feel free to modify and enhance according to your trading needs.
EMA Regime (9/20/50/100/200) — Stacked with 200 FilterEMA Regime (9/20/50/100/200) — Stacked Long/Short Box
Plots the 9, 20, 50, 100, and 200 EMAs on the chart.
Checks if price is above or below each EMA and whether the EMAs are stacked in order.
LONG signal: price above all selected EMAs and EMAs stacked 9 > 20 > 50 > 100 >(> 200 if strict mode on).
SHORT signal: price below all selected EMAs and EMAs stacked 9 < 20 < 50 < 100 (< 200 if strict mode on).
Shows a two-row table (LONGS / SHORTS) so you can quickly see which EMAs are aligned.
Optionally colors candles green/red when a full long/short regime is active.
Can show labels when a new LONG or SHORT condition appears.
Has alerts you can use for automated notifications when the regime flips.
“Use 200 EMA in the stack” lets you choose ultra-strict mode (9>20>50>100>200) or lighter mode (9>20>50>100 but price & 9 above 200).
Oversold & Overbought Signal with RSISimple RSI overbought/oversold signals. Signals overbought when RSI > 80 and oversold when RSI < 30.
RSI: alternative derivationMost traders accept the Relative Strength Index (RSI) as a standard tool for measuring momentum. But what if RSI is actually a position indicator?
This script introduces an alternative derivation of RSI, offering a fresh perspective on its true nature. Instead of relying on the traditional calculation of average gains and losses, this approach directly considers the price's position relative to its equilibrium (moving average), adjusted for volatility.
While the final value remains identical to the standard RSI, this alternative derivation offers a completely new understanding of the indicator.
Key components:
Price (Close)
Utilizes the closing price, consistent with the original RSI formula.
normalization factor
Transforms raw calculations into a fixed range between -1 and +1.
normalization_factor = 1 / (Length - 1)
EMA of Price
Applies Wilder’s Exponential Moving Average (EMA) to the price, serving as the anchor point for measuring price position, similar to the traditional RSI formula.
myEMA = ta.rma(close,Length)
EMA of close-to-close absolute changes (unit of volatility)
Adjusts for market differences by applying a Wilder’s EMA to absolute price changes (volatility), ensuring consistency across various assets.
CC_vol = ta.rma(math.abs(close - close ),Length)
Calculation Breakdown
DISTANCE:
Calculate the difference between the closing price and its Wilder's EMA. A positive value indicates the price is above the EMA; a negative value indicates it is below.
distance = close - myEMA
STANDARDIZED DISTANCE
Divide the distance by the unit of volatility to standardize the measurement across different markets.
S_distance = distance / CC_vol
NORMALIZED DISTANCE
Normalize the standardized distance using the normalization factor (n-1) to adjust for the lookback period.
N_distance = S_distance * normalization_factor
RSI
Finally, scale the normalized distance to fit within the standard RSI range of 0 to 100.
myRSI = 50 * (1 + N_distance)
The final equation:
RSI = 50 ×
What This Means for RSI
Same RSI Values, Different Interpretation
The standard RSI formula may obscure its true measurement, whereas this approach offers clarity.
RSI primarily indicates the price's position relative to its equilibrium, rather than directly measuring momentum.
RSI can still be used to analyze momentum, but in a more intuitive and well-informed way.
KDJ Divergence Indicator(Regular & Hidden)📌 中文介绍
KDJ 背离指标（副图版，支持 Regular & Hidden）
这是一个基于 KDJ 指标 的背离检测工具，可以在副图中直观显示 Regular 背离（顶背离/底背离） 和 Hidden 背离（隐藏顶/隐藏底）。
功能特点：
可选计算基线：支持以 J 值 或 K 值 作为背离判定依据。
多种背离类型：
Regular Bullish（底背离）：价格创新低，但指标不创新低 → 可能反弹。
Regular Bearish（顶背离）：价格创新高，但指标不创新高 → 可能回落。
Hidden Bullish（隐藏底背离）：价格不创新低，但指标创新低 → 可能延续上涨。
Hidden Bearish（隐藏顶背离）：价格不创新高，但指标创新高 → 可能延续下跌。
连线显示：在副图用线条连接前后两个背离点，帮助更直观地发现趋势变化。
自定义选项：
可选择是否显示 Regular / Hidden 背离。
可调整回溯范围（左侧/右侧/最大最小）。
可自定义颜色和信号样式。
报警提醒：背离出现时会触发报警。
适合：
波段交易者寻找趋势反转。
短线交易者捕捉关键拐点。
技术分析结合 KDJ 的交易策略。
📌 English Introduction
KDJ Divergence Indicator (Sub-Chart, Regular & Hidden Supported)
This is a KDJ-based divergence detection tool, plotted in a sub-window, that highlights Regular Divergences (Bullish/Bearish) and Hidden Divergences (Hidden Bullish/Hidden Bearish).
Key Features:
Selectable Oscillator Line: Choose between J or K line as the basis for divergence detection.
Divergence Types:
Regular Bullish: Price makes a lower low, but oscillator makes a higher low → potential rebound.
Regular Bearish: Price makes a higher high, but oscillator makes a lower high → potential drop.
Hidden Bullish: Price holds higher low, but oscillator makes a lower low → potential trend continuation upward.
Hidden Bearish: Price holds lower high, but oscillator makes a higher high → potential trend continuation downward.
Line Connections: Draws connecting lines between divergence points for better visual clarity.
Customizable Settings:
Enable/disable Regular & Hidden divergences.
Adjustable left/right lookback and range filters.
Custom colors and shapes for signals.
Alert Ready: Alerts trigger when divergences are detected.
Best for:
Swing traders spotting trend reversals.
Short-term traders catching turning points.
Technical analysts using KDJ-based strategies.
RSI Signals Multi-Layer RSI System with Classical Divergence**DrFX RSI Signals Fixed** is an advanced RSI-based trading system that combines duration-filtered extreme conditions with classical divergence detection and momentum confirmation. This enhanced version addresses common RSI false signals through multi-layer filtering while adding proper divergence analysis for identifying high-probability reversal points.
**Core Innovation & Originality**
This indicator uniquely integrates five analytical layers:
1. **Duration-Validated Extreme Zones** - Confirms RSI has remained overbought/oversold for minimum bars within lookback period
2. **Classical Divergence Detection** - Proper implementation comparing swing highs/lows in both price and RSI
3. **Momentum Confirmation Signals** - RSI crossing 50-line after extreme conditions for trend confirmation
4. **Multi-Signal Classification** - Four distinct signal types (Buy, Sell, Strong Buy, Strong Sell, Momentum)
5. **Visual Zone Highlighting** - Background coloring for instant extreme zone identification
**Technical Implementation & Improvements**
**Enhanced Duration Filter:**
Unlike the previous version, this system uses a refined approach:
```
for i = 0 to lookback_bars - 1
if rsi > overbought
barsInOverbought := barsInOverbought + 1
```
This counts actual bars within the lookback period (default 20 bars) where RSI was extreme, requiring minimum duration (default 4 bars) for signal validation.
**Classical Divergence Detection:**
The system implements proper divergence analysis, a significant improvement over simple delta comparison:
**Bullish Divergence Logic:**
- Price makes lower low: `low < prevPriceLow`
- RSI makes higher low: `rsi > prevRsiLow`
- Indicates weakening downward momentum despite lower prices
**Bearish Divergence Logic:**
- Price makes higher high: `high > prevPriceHigh`
- RSI makes lower high: `rsi < prevRsiHigh`
- Indicates weakening upward momentum despite higher prices
**Signal Generation Framework:**
**Primary Signals:**
- **Buy Signal**: RSI crosses above oversold (30) after meeting duration requirements
- **Sell Signal**: RSI crosses below overbought (70) after meeting duration requirements
**Strong Signals:**
- **Strong Buy**: Buy signal + bullish divergence confirmation
- **Strong Sell**: Sell signal + bearish divergence confirmation
**Momentum Signals:**
- **Momentum Buy (M+)**: RSI crosses above 50 after recent oversold conditions
- **Momentum Sell (M-)**: RSI crosses below 50 after recent overbought conditions
**What Makes This Version Superior**
**Compared to Standard RSI:**
1. **Duration Requirement**: Prevents signals on brief RSI spikes
2. **Lookback Validation**: Ensures extreme conditions actually occurred recently
3. **Proper Divergence**: Uses swing high/low comparison, not just bar-to-bar deltas
4. **Momentum Layer**: Adds trend confirmation via 50-line crosses
**Compared to Previous Version:**
1. **Pine Script v5**: Modern syntax with improved performance
2. **Configurable Parameters**: All values adjustable via inputs
3. **Better Divergence**: Classical divergence logic replaces simplified delta method
4. **Additional Signals**: Momentum confirmations for trend following
5. **Visual Enhancements**: Background coloring and improved signal differentiation
6. **Alert System**: Built-in alert conditions for all signal types
**Parameter Configuration**
**Customizable Inputs:**
- **Overbought Level** (70): Upper threshold, range 50-90
- **Oversold Level** (30): Lower threshold, range 10-50
- **RSI Period** (14): Calculation period, range 2-50
- **Minimum Duration** (4): Required bars in extreme zone, range 1-20
- **Lookback Bars** (20): Period to check for extreme conditions, range 5-100
- **Divergence Lookback** (5): Period for divergence swing comparison, range 2-20
**Optimization Guidelines:**
- **Shorter Duration** (2-3): More frequent signals, higher noise
- **Longer Duration** (5-7): Fewer signals, better quality
- **Smaller Lookback** (10-15): Faster response, may miss context
- **Larger Lookback** (30-50): More context, potentially delayed signals
**Signal Interpretation Guide**
**Visual Signal Hierarchy:**
**Light Green Triangle (Buy):**
- RSI recovered from oversold
- Duration requirements met
- Entry on reversal from oversold territory
**Light Red Triangle (Sell):**
- RSI declined from overbought
- Duration requirements met
- Entry on reversal from overbought territory
**Blue Triangle (Strong Buy):**
- Buy signal with bullish divergence
- Highest probability long setup
- Price made lower low, RSI made higher low
**Magenta Triangle (Strong Sell):**
- Sell signal with bearish divergence
- Highest probability short setup
- Price made higher high, RSI made lower high
**Tiny Green Circle (M+):**
- RSI crossed above 50 after oversold
- Momentum confirmation for uptrend
- Secondary entry or trend confirmation
**Tiny Red Circle (M-):**
- RSI crossed below 50 after overbought
- Momentum confirmation for downtrend
- Secondary entry or trend confirmation
**Background Coloring:**
- **Light Red Background**: RSI > 70 (overbought zone)
- **Light Green Background**: RSI < 30 (oversold zone)
**Trading Strategy Application**
**Conservative Approach (Strong Signals Only):**
1. Wait for blue/magenta triangles (divergence confirmed)
2. Enter on signal bar close or next bar open
3. Stop loss beyond recent swing high/low
4. Target minimum 2:1 risk/reward ratio
**Aggressive Approach (All Signals):**
1. Take light green/red triangles for earlier entries
2. Use momentum circles as confirmation
3. Tighter stops with partial profit taking
4. Scale positions based on signal strength
**Momentum Trading:**
1. Use momentum signals (M+/M-) as trend filters
2. Take primary signals aligned with momentum direction
3. Avoid counter-momentum signals in strong trends
4. Exit when opposing momentum signal appears
**Multi-Timeframe Strategy:**
1. Check higher timeframe for strong signals
2. Execute on lower timeframe primary signals
3. Use momentum signals for position management
4. Align all timeframe signals for best probability
**Optimal Market Conditions**
**Best Performance:**
- Mean-reverting markets with clear RSI extremes
- Range-bound or consolidating conditions
- Markets respecting support/resistance levels
- Timeframes: 15min to 4H for active trading
**Strong Signal Advantages:**
- Divergence signals often mark major turning points
- Work well at market structure levels
- Effective in both trending and ranging markets
- Higher success rate justifies waiting for setup
**Momentum Signal Benefits:**
- Confirms trend direction after extreme readings
- Useful for adding to positions
- Helps avoid counter-trend trades
- Works well in trending markets where reversals fail
**Technical Advantages**
**Divergence Accuracy:**
The improved divergence detection uses proper swing analysis rather than simple bar-to-bar comparison. This identifies genuine momentum shifts where price action diverges from oscillator movement over a meaningful period.
**Duration Logic:**
The for-loop counting method ensures the system checks actual RSI values within the lookback period, not just whether RSI touched levels. This distinguishes between sustained conditions and brief spikes.
**Momentum Filter:**
The 50-line crosses after extreme conditions provide an additional confirmation layer, helping traders distinguish between failed reversals (no momentum follow-through) and sustained moves (momentum confirmation).
**Risk Management Integration**
**Signal Priority:**
1. **Highest**: Strong signals with divergence (blue/magenta triangles)
2. **Medium**: Primary signals without divergence (light green/red triangles)
3. **Confirmation**: Momentum signals (tiny circles)
**Position Sizing:**
- Larger positions on strong signals (divergence present)
- Standard positions on primary signals
- Smaller positions or adds on momentum signals
**Stop Placement:**
- Beyond recent swing structure
- Below/above divergence swing low/high for strong signals
- Trail stops when momentum signals align with position
**Alert System**
Built-in alert conditions for:
- Buy Signal: RSI buy without divergence
- Sell Signal: RSI sell without divergence
- Strong Buy Alert: Buy with bullish divergence
- Strong Sell Alert: Sell with bearish divergence
Configure alerts via TradingView's alert system to receive notifications for chosen signal types.
**Important Considerations**
**Strengths:**
- Multiple confirmation layers reduce false signals
- Classical divergence improves reversal detection
- Momentum signals add trend-following capability
- Highly customizable for different trading styles
- No repainting - all signals fixed at bar close
**Limitations:**
- Duration requirements may cause missed quick reversals
- Divergence lookback period affects sensitivity
- Not suitable as standalone system
- Requires understanding of RSI principles and divergence concepts
**Best Practices:**
- Combine with price action and support/resistance
- Use higher timeframe context for directional bias
- Respect overall market trend and structure
- Implement proper position sizing based on signal type
- Test parameters on your specific instrument and timeframe
**Comparison Summary**
This enhanced version represents a significant upgrade:
- Upgraded to Pine Script v5 modern standards
- Proper classical divergence detection (not simplified)
- Added momentum confirmation signals
- Fully customizable parameters via inputs
- Visual background zone highlighting
- Comprehensive alert system
- Better signal differentiation through color coding
The system transforms basic RSI analysis into a multi-dimensional trading tool suitable for various market conditions and trading styles.
**Disclaimer**: This indicator is designed for educational and analytical purposes. While the multi-layer filtering and classical divergence detection improve upon standard RSI implementations, no indicator guarantees profitable trades. The duration filtering reduces false signals but may delay entries. Divergence signals, while statistically favorable, can fail in strong trending conditions. Always use proper risk management, position sizing, and stop-loss orders. Consider multiple confirmation methods and market context before making trading decisions. Past performance does not guarantee future results.
Oscillator Matrix [Alpha Extract]A comprehensive multi-oscillator system that combines volume-weighted money flow analysis with enhanced momentum detection, providing traders with a unified framework for identifying high-probability market opportunities across all timeframes. By integrating two powerful oscillators with advanced confluence analysis, this indicator delivers precise entry and exit signals while filtering out market noise through sophisticated threshold-based regime detection.
🔶 Volume-Weighted Money Flow Analysis
Utilizes an advanced money flow calculation that tracks volume-weighted price movements to identify institutional activity and smart money flow. This approach provides superior signal quality by emphasizing high-volume price movements while filtering out low-volume market noise.
// Volume-weighted flows
up_volume = price_up ? volume : 0
down_volume = price_down ? volume : 0
// Money Flow calculation
up_vol_sum = ta.sma(up_volume, mf_length)
down_vol_sum = ta.sma(down_volume, mf_length)
total_volume = up_vol_sum + down_vol_sum
money_flow_ratio = total_volume > 0 ? (up_vol_sum - down_vol_sum) / total_volume : 0
🔶 Enhanced Hyper Wave Oscillator
Features a sophisticated MACD-based momentum oscillator with advanced normalization techniques that adapt to different price ranges and market volatility. The system uses percentage-based calculations to ensure consistent performance across various instruments and timeframes.
// Enhanced MACD-based oscillator
fast_ma = ta.ema(src, hw_fast)
slow_ma = ta.ema(src, hw_slow)
macd_line = fast_ma - slow_ma
signal_line = ta.ema(macd_line, hw_signal)
// Proper normalization using percentage of price
price_base = ta.sma(close, 50)
macd_normalized = macd_line / price_base
hyper_wave = macd_range > 0 ? macd_normalized / macd_range : 0
🔶 Multi-Factor Confluence System
Implements an intelligent confluence scoring mechanism that combines signals from both oscillators to identify high-probability trading opportunities. The system assigns strength scores based on multiple confirmation factors, significantly reducing false signals.
🔶 Fixed Threshold Levels
Uses predefined threshold levels optimized for standard oscillator ranges to distinguish between normal market fluctuations and significant momentum shifts. The dual-threshold system provides clear visual cues for overbought/oversold conditions while maintaining consistent signal criteria across different market conditions.
🔶 Overflow Detection Technology
Advanced overflow indicators identify extreme market conditions that often precede major reversals or continuation patterns. These signals highlight moments when market momentum reaches critical levels, providing early warning for potential turning points.
🔶 Dual Oscillator Integration
The indicator simultaneously tracks volume-weighted money flow and momentum-based price action through two independent oscillators. This dual approach ensures comprehensive market analysis by capturing both institutional activity and technical momentum patterns.
// Multi-factor confluence scoring
confluence_bull = (mf_bullish ? 1 : 0) + (hw_bullish ? 1 : 0) +
(mf_overflow_bull ? 1 : 0) + (hw_overflow_bull ? 1 : 0)
confluence_bear = (mf_bearish ? 1 : 0) + (hw_bearish ? 1 : 0) +
(mf_overflow_bear ? 1 : 0) + (hw_overflow_bear ? 1 : 0)
confluence_strength = confluence_bull > confluence_bear ? confluence_bull / 4 : -confluence_bear / 4
🔶 Intelligent Signal Generation
The system generates two tiers of reversal signals: strong signals that require multiple confirmations across both oscillators, and weak signals that identify early momentum shifts. This hierarchical approach allows traders to adjust position sizing based on signal strength.
🔶 Visual Confluence Zones
Background coloring dynamically adjusts based on confluence strength, creating visual zones that immediately communicate market sentiment. The intensity of background shading corresponds to the strength of the confluent signals, making pattern recognition effortless.
🔶 Threshold Visualization
Color-coded threshold zones provide instant visual feedback about oscillator positions relative to key levels. The fill areas between thresholds create clear overbought and oversold regions with graduated color intensity.
🔶 Candle Color Integration
Optional candle coloring applies confluence-based color logic directly to price bars, creating a unified visual framework that helps traders correlate indicator signals with actual price movements for enhanced decision-making.
🔶 Overflow Alert System
Specialized circular markers highlight extreme overflow conditions on both oscillators, drawing attention to potential climax moves that often precede significant reversals or accelerated trend continuation.
🔶 Customizable Display Options
Comprehensive display controls allow traders to toggle individual components on or off, enabling focused analysis on specific aspects of the indicator. This modularity ensures the indicator adapts to different trading styles and analytical preferences.
1 Week
1 Day
15 Min
This indicator provides a complete analytical framework by combining volume analysis with momentum detection in a single, coherent system. By offering multiple confirmation layers and clear visual hierarchies, it empowers traders to identify high-probability opportunities while maintaining precise risk management across all market conditions and timeframes. The sophisticated confluence system ensures that signals are both timely and reliable, making it an essential tool for serious technical analysts.
Stochastic Divergence StrategyBackground bars:
Bearish
gradient from slightly bearish divergence to strong bearish divergence for red and a double bounce for pink
Bullish
gradient from slightly bearish divergence to strong bearish divergence for green and a double bounce for yellow
removable buy and sell signals in options
AI Trading Alerts v6 — SL/TP + Confidence + Panel (Fixed)Overview
This Pine Script is designed to identify high-probability trading opportunities in Forex, commodities, and crypto markets. It combines EMA trend filters, RSI, and Stochastic RSI, with automatic stop-loss (SL) & take-profit (TP) suggestions, and provides a confidence panel to quickly assess the trade setup strength.
It also includes TradingView alert conditions so you can set up notifications for Long/Short setups and EMA crosses.
⚙️ Features
EMA Trend Filter
Uses EMA 50, 100, 200 for trend confirmation.
Bull trend = EMA50 > EMA100 > EMA200
Bear trend = EMA50 < EMA100 < EMA200
RSI Filter
Bullish trades require RSI > 50
Bearish trades require RSI < 50
Stochastic RSI Filter
Prevents entries during overbought/oversold extremes.
Bullish entry only if %K and %D < 80
Bearish entry only if %K and %D > 20
EMA Proximity Check
Price must be near EMA50 (within ATR × adjustable multiplier).
Signals
Continuation Signals:
Long if all bullish conditions align.
Short if all bearish conditions align.
Cross Events:
Long Cross when price crosses above EMA50 in bull trend.
Short Cross when price crosses below EMA50 in bear trend.
Automatic SL/TP Suggestions
SL size adjusts depending on asset:
Gold/Silver (XAU/XAG): 5 pts
Bitcoin/Ethereum: 100 pts
FX pairs (default): 20 pts
TP = SL × Risk:Reward ratio (default 1:2).
Confidence Score (0–4)
Based on conditions met (trend, RSI, Stoch, EMA proximity).
Labels:
Strongest (4/4)
Strong (3/4)
Medium (2/4)
Low (1/4)
Visual Panel on Chart
Shows ✅/❌ for each condition (trend, RSI, Stoch, EMA proximity, signal now).
Confidence row with color-coded strength.
Alerts
Long Setup
Short Setup
Long Cross
Short Cross
🖥️ How to Use
1. Add the Script
Open TradingView → Pine Editor.
Paste the full script.
Click Add to chart.
Save as "AI Trading Alerts v6 — SL/TP + Confidence + Panel".
2. Configure Inputs
EMA Lengths: Default 50/100/200 (works well for swing trading).
RSI Length: 14 (standard).
Stochastic Length/K/D: Default 14/3/3.
Risk:Reward Ratio: Default 2.0 (can change to 1.5, 3.0, etc.).
EMA Proximity Threshold: Default 0.20 × ATR (adjust to be stricter/looser).
3. Read the Panel
Top-right of chart, you’ll see ✅ or ❌ for:
Trend → Are EMAs aligned?
RSI → Above 50 (bull) or below 50 (bear)?
Stoch OK → Not extreme?
Near EMA50 → Close enough to EMA50?
Above/Below OK → Price position vs. EMA50 matches trend?
Signal Now → Entry triggered?
Confidence row:
🟢 Green = Strongest
🟩 Light green = Strong
🟧 Orange = Medium
🟨 Yellow = Low
⬜ Gray = None
4. Alerts Setup
Go to TradingView Alerts (⏰ icon).
Choose the script under “Condition”.
Select alert type:
Long Setup
Short Setup
Long Cross
Short Cross
Set notification method (popup, sound, email, mobile).
Click Create.
Now TradingView will notify you automatically when signals appear.
5. Example Workflow
Wait for Confidence = Strong/Strongest.
Check if market session supports volatility (e.g., XAU in London/NY).
Review SL/TP suggestions:
Long → Entry: current price, SL: close - risk_pts, TP: close + risk_pts × RR.
Short → Entry: current price, SL: close + risk_pts, TP: close - risk_pts × RR.
Adjust based on your own price action analysis.
📊 Best Practices
Use on H1 + D1 combo → align higher timeframe bias with intraday entries.
Risk only 1–2% of account per trade (position sizing required).
Filter with market sessions (Asia, Europe, US).
Strongest signals work best with trending pairs (e.g., XAUUSD, USDJPY, BTCUSD).
Sols Day Trading Signals (5m / 10m)This indicator is designed for day trading on the 5-minute and 10-minute charts.
Includes:
EMA 9 & EMA 21 crossover signals
MACD momentum confirmation
RSI trend filter (50+)
Buy/Sell labels directly on the chart
💡 How to Use:
Go long when EMA 9 crosses above EMA 21, MACD is positive, and RSI is above 50
Go short when EMA 9 crosses below EMA 21, MACD is negative, and RSI is below 50
Best used with proper risk management (1-2% per trade)
⚠️ Disclaimer: This is for educational purposes only — always backtest and trade responsibly.
Stochastic [Paifc0de]Stochastic — clean stochastic oscillator with visual masking, neutral markers, and basic filters
What it does
This indicator plots a standard stochastic oscillator (%K with smoothing and %D) and adds practical quality-of-life features for lower timeframes: optional visual masking when %K hugs overbought/oversold, neutral K–D cross markers, session-gated edge triangles (K crossing 20/80), and simple filters (minimum %K slope, minimum |K–D| gap, optional %D slope agreement, mid-zone mute, and a cooldown between markers). Display values are clamped to 0–100 to keep the panel scale stable. The tool is for research/education and does not generate entries/exits or financial advice.
Default preset: 20 / 10 / 10
K Length = 20
Classic lookback used in many textbooks. On intraday charts it balances responsiveness and stability: short enough to react to momentum shifts, long enough to avoid constant whipsaws. In practice it captures ~the last 20 bars’ position of close within the high–low range.
K Smoothing = 10
A 10-period SMA applied to the raw %K moderates the “saw-tooth” effect that raw stochastic can exhibit in choppy phases. The smoothing reduces over-reaction to micro spikes while preserving the main rhythm of swings; visually, %K becomes a continuous path that is easier to read.
D Length = 10
%D is the moving average of smoothed %K. With 10, %D becomes a clearly slower guide line. The larger separation between %K(10-SMA) and %D(10-SMA of %K) produces cleaner crosses and fewer spurious toggles than micro settings (e.g., 3/3/3). On M5–M15 this pair often yields readable cross cycles without flooding the chart.
How the 20/10/10 trio behaves
In persistent trends, %K will spend more time near 20 or 80; the 10-period smoothing delays flips slightly and emphasizes only meaningful turn attempts.
In ranges, %K oscillates around mid-zone (40–60). With 10/10 smoothing, cross signals cluster less densely; combining with the |K–D| gap filter helps keep only decisive crosses.
If your symbol is unusually volatile or illiquid, reduce K Length (e.g., 14) or reduce K Smoothing (e.g., 7) to keep responsiveness. If crosses feel late, decrease D Length (e.g., 7). If noise is excessive, increase K Smoothing first, then consider raising D Length.
Visuals
OB/OS lines: default 80/20 reference levels and a midline at 50.
Masking near edges: %K can be temporarily hidden when it is pressing an edge, approaching it with low slope, or going nearly flat near the boundary. This keeps the panel readable during “stuck at the edge” phases.
Soft glow (optional): highlights %K’s active path; can be turned off.
Light/Dark palette: quick toggle to match your chart theme.
Scale safety: all plotted values (lines, fills, markers) are clamped to 0–100 to prevent the axis from expanding beyond the stochastic range.
Markers and filters
Neutral K–D cross markers: circles in the mid-zone when %K crosses %D.
Edge triangles: show when %K crosses 20 or 80; can be restricted to a session window (02:00–12:00 ET).
Filters (optional):
Min %K slope: require a minimum absolute slope so very flat crosses are ignored.
Min |K–D| gap: demand separation between lines at the cross moment.
%D slope agreement: keep crosses that align with %D’s direction.
Mid-zone mute: suppress crosses inside a user-defined 40–60 band (defaults).
Cooldown: minimum bars between successive markers.
Parameters (quick guide)
K Length / K Smoothing / D Length: core stochastic settings. Start with 20/10/10; tune K Smoothing first if you see too much jitter.
Overbought / Oversold (80/20): adjust for assets that tend to trend (raise to 85/15) or mean-revert (lower to 75/25).
Slope & gap filters: increase on very noisy symbols; reduce if you miss too many crosses.
Session window (triangles only): use if you want edge markers only during active hours.
Marker size and offset: cosmetic; they do not affect calculations.
Alerts
K–D Cross Up (filtered) and K–D Cross Down (filtered): fire when a cross passes your filters/cooldown.
Edge Up / Edge Down: fire when %K crosses the 20/80 levels.
All alerts confirm on bar close.
Notes & attribution
Original implementation and integration by Paifc0de; no third-party code is copied.
This indicator is for research/education and does not provide entries/exits or financial advice.
Enhanced Chande Momentum OscillatorEnhanced Chande Momentum Oscillator (Enh CMO)
📊 Description
The Enhanced Chande Momentum Oscillator is an advanced version of the classic Chande Momentum Oscillator with dynamic envelope boundaries that automatically adapt to market volatility. This indicator provides clear visual signals for potential price reversals and momentum shifts.
Key Features:
Original Chande Momentum Oscillator calculation
Dynamic upper and lower boundaries based on statistical analysis
Adaptive envelope that adjusts to market volatility
Visual fill area between boundaries for easy interpretation
Real-time values table with current readings
Built-in alert conditions for boundary touches
Customizable moving average types (SMA, EMA, WMA)
⚙️ Settings
CMO Settings:
CMO Length (9): Period for calculating the base Chande Momentum Oscillator
Source (close): Price source for calculations
Envelope Settings:
Envelope Length (20): Lookback period for calculating the moving average and standard deviation
Envelope Multiplier (1.5): Multiplier for standard deviation to create upper/lower bounds
Moving Average Type (EMA): Type of moving average for envelope calculation
📈 How to Use
Visual Elements
Lines:
White Line: Main Chande Momentum Oscillator
Red Line: Upper boundary (resistance level)
Green Line: Lower boundary (support level)
Yellow Line: Moving average of CMO (trend direction)
Purple Fill: Visual envelope between boundaries
Reference Lines:
Zero Line: Neutral momentum level
+50/-50 Lines: Traditional overbought/oversold levels
Trading Signals
🔴 Sell/Short Signals
CMO touches or crosses above upper boundary → Potential bearish reversal
CMO is above +50 and declining → Weakening bullish momentum
CMO crosses below yellow MA line while above zero → Momentum shift
🟢 Buy/Long Signals
CMO touches or crosses below lower boundary → Potential bullish reversal
CMO is below -50 and rising → Weakening bearish momentum
CMO crosses above yellow MA line while below zero → Momentum shift
⚡ Advanced Signals
Boundary contraction → Decreasing volatility, potential breakout coming
Boundary expansion → High volatility period, use wider stops
CMO hugging upper boundary → Strong uptrend continuation
CMO hugging lower boundary → Strong downtrend continuation
🎯 Trading Strategies
Strategy 1: Reversal Trading
Wait for CMO to touch extreme boundaries (red or green lines)
Look for divergence with price action
Enter counter-trend position when CMO starts moving back toward center
Set stop beyond the boundary breach point
Take profit near zero line or opposite boundary
Strategy 2: Momentum Confirmation
Use CMO direction to confirm trend
Enter positions when CMO crosses above/below yellow MA line
Hold positions while CMO remains on the correct side of MA
Exit when CMO crosses back through MA line
Strategy 3: Volatility Breakout
Monitor boundary width (envelope expansion/contraction)
When boundaries contract significantly, prepare for breakout
Enter in direction of CMO breakout from narrow range
Use boundary expansion as confirmation signal
⚠️ Important Notes
Best Timeframes
Scalping: 1m, 5m charts
Day Trading: 15m, 30m, 1H charts
Swing Trading: 4H, Daily charts
Market Conditions
Trending Markets: Focus on momentum confirmation signals
Ranging Markets: Focus on boundary reversal signals
High Volatility: Increase envelope multiplier (1.8-2.5)
Low Volatility: Decrease envelope multiplier (1.0-1.3)
Risk Management
Always use stop losses beyond boundary levels
Reduce position size during boundary expansion periods
Combine with price action and support/resistance levels
Monitor the real-time table for precise entry/exit levels
🔔 Alerts
The indicator includes built-in alert conditions:
"CMO Above Upper Bound": Potential reversal down signal
"CMO Below Lower Bound": Potential reversal up signal
Set these alerts to catch opportunities without constantly monitoring charts.
💡 Tips for Success
Combine with other indicators: Use with RSI, MACD, or volume indicators for confirmation
Watch for divergences: CMO making new highs/lows while price doesn't follow
Use multiple timeframes: Check higher timeframe CMO for overall trend context
Adjust settings for different assets: Crypto may need different settings than forex
Paper trade first: Test the indicator with your trading style before using real money
🎨 Customization Tips
Change colors in the Pine Script to match your chart theme
Adjust envelope length for faster (shorter) or slower (longer) signals
Modify envelope multiplier based on asset volatility
Hide the table if it obstructs your view by commenting out the table section
Complete trading solution: Pair with the Optimus Indicator (paid indicator) for multi-timeframe trend analysis and trend signals.
Together they create a powerful confluence system for professional trading setups.
Market Pressure Oscillator█ OVERVIEW
The Market Pressure Oscillator is an advanced technical indicator for TradingView, enabling traders to identify potential trend reversals and momentum shifts through candle-based pressure analysis and divergence detection. It combines a smoothed oscillator with moving average signals, overbought/oversold levels, and divergence visualization, enhanced by customizable gradients, dynamic band colors, and alerts for quick decision-making.
█ CONCEPT
The indicator measures buying or selling pressure based on candle body size (open-to-close difference) and direction, with optional smoothing for clarity and divergence detection between price action and the oscillator. It relies solely on candle data, offering insights into trend strength, overbought/oversold conditions, and potential reversals with a customizable visual presentation.
█ WHY USE IT?
- Divergence Detection: Identifies bullish and bearish divergences to reinforce signals, especially near overbought/oversold zones.
- Candle Pressure Analysis: Measures pressure based on candle body size, normalized to a ±100 scale.
- Signal Generation: Provides buy/sell signals via overbought/oversold crossovers, zero-line crossovers, moving average zero-line crossovers, and dynamic band color changes.
- Visual Clarity: Uses dynamic colors, gradients, and fill layers for intuitive chart analysis.
Flexibility: Extensive settings allow customization to individual trading preferences.
█ HOW IT WORKS?
- Candle Pressure Calculation: Computes candle body size as math.abs(close - open), normalized against the average body size over a lookback period (avgBody = ta.sma(body, len)). - Candle direction (bullish: +1, bearish: -1, neutral: 0) is multiplied by body weight to derive pressure.
- Cumulative Pressure: Sums pressure values over the lookback period (Lookback Length) and normalizes to ±100 relative to the maximum possible value.
- Smoothing: Optionally applies EMA (Smoothing Length) to normalized pressure.
- Moving Average: Calculates SMA (Moving Average Length) for trend confirmation (Moving Average (SMA)).
- Divergence Detection: Identifies bullish/bearish divergences by comparing price and oscillator pivot highs/lows within a specified range (Pivot Length). Divergence signals appear with a delay equal to the Pivot Length.
- Signals: Generates signals for:
Crossing oversold upward (buy) or overbought downward (sell).
Crossing the zero line by the oscillator or moving average (buy/sell).
Bullish/bearish divergences, marked with labels, enhancing signals, especially near overbought/oversold zones.
Dynamic band color changes when the moving average crosses MA overbought/oversold thresholds (green for oversold, red for overbought).
- Visualization: Plots the oscillator and moving average with dynamic colors, gradient fills, transparent bands, and labels, with customizable overbought/oversold levels.
Alerts: Built-in alerts for divergences, overbought/oversold crossovers, and zero-line crossovers (oscillator and moving average).
█ SETTINGS AND CUSTOMIZATION
- Lookback Length: Period for aggregating candle pressure (default: 14).
- Smoothing Length (EMA): EMA length for smoothing the oscillator (default: 1). Higher values smooth the signal but may reduce signal frequency; adjust overbought/oversold levels accordingly.
- Moving Average Length (SMA): SMA length for the moving average (default: 14, minval=1). Higher values make SMA a trend indicator, requiring adjusted MA overbought/oversold levels.
- Pivot Length (Left/Right): Candles for detecting pivot highs/lows in divergence calculations (default: 2, minval=1). Higher values reduce noise but add delay equal to the set value.
- Enable Divergence Detection: Enables divergence detection (default: true).
- Overbought/Oversold Levels: Thresholds for the oscillator (default: 30/-30) and moving average (default: 10/-10). For the moving average, no arrows appear; bands change color from gray to green (oversold) or red (overbought), reinforcing entry signals.
- Signal Type: Select signals to display: "None", "Overbought/Oversold", "Zero Line", "MA Zero Line", "All" (default: "Overbought/Oversold").
- Colors and Gradients: Customize colors for bullish/bearish oscillator, moving average, zero line, overbought/oversold levels, and divergence labels.
- Transparency: Adjust gradient fill transparency (default: 70, minval=0, maxval=100) and band/label transparency (default: 40, minval=0, maxval=100) for consistent visuals.
- Visualizations: Enable/disable moving average, gradients for zero/overbought/oversold levels, and gradient fills.
█ USAGE EXAMPLES
- Momentum Analysis: Observe the MPO Oscillator above 0 for bullish momentum or below 0 for bearish momentum. The SMA, being smoother, reacts slower and can confirm trend direction as a noise filter.
- Reversal Signals: Look for buy triangles when the oscillator crosses oversold upward, especially when the SMA is below the MA oversold threshold and the band turns green. Similarly, seek sell triangles when crossing overbought downward, with the SMA above the MA overbought threshold and the band turning red.
- Using Divergences: Treat bullish (green labels) and bearish (red labels) divergences as reinforcement for other signals, especially near overbought/oversold zones, indicating stronger potential trend reversals.
- Customization: Adjust lookback length, smoothing, and moving average length to specific instruments and timeframes to minimize false signals.
█ USER NOTES
Combine the indicator with tools like Fibonacci levels or pivot points to enhance accuracy.
Test different settings for lookback length, smoothing, and moving average length on your chosen instrument and timeframe to find optimal values.
Stochastic 6TF by jjuiiStochastic 6TF by J is a Multi-Timeframe (MTF) Stochastic indicator
that displays %K values from up to 6 different timeframes
in a single window. This helps traders analyze momentum
across short, medium, and long-term perspectives simultaneously.
Features:
- Supports 6 customizable timeframes (e.g., 5m, 15m, 1h, 4h, 1D, 1W)
- Option to show/hide each timeframe line
- Standard reference levels (20 / 50 / 80) with background shading
- Smoothed %K for clearer visualization
Best for:
- Cross-timeframe momentum analysis
- Spotting aligned Overbought / Oversold signals
- Confirming market trends and timing entries/exits
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Stochastic 6TF by J คืออินดิเคเตอร์ Stochastic Multi Timeframe (MTF)
ที่สามารถแสดงค่า %K จากหลายกรอบเวลา (สูงสุด 6 TF)
ไว้ในหน้าต่างเดียว ช่วยให้นักเทรดมองเห็นโมเมนตัมของราคา
ทั้งระยะสั้น กลาง และยาว พร้อมกัน
คุณสมบัติ:
- เลือกกรอบเวลาได้ 6 ชุด (เช่น 5m, 15m, 1h, 4h, 1D, 1W)
- สามารถเปิด/ปิดการแสดงผลแต่ละ TF ได้
- มีเส้นแนวรับ/แนวต้านมาตรฐาน (20 / 50 / 80)
- ใช้เส้น %K ที่ถูกปรับค่าเฉลี่ยให้เรียบขึ้นเพื่ออ่านง่าย
เหมาะสำหรับ:
- การดูโมเมนตัมข้ามกรอบเวลา
- หาจังหวะ Overbought / Oversold ที่สอดคล้องกันหลาย TF
- ใช้ยืนยันแนวโน้มและหาจังหวะเข้า-ออกอย่างแม่นยำมากขึ้น
Algorithmic Value Oscillator [CRYPTIK1]Algorithmic Value Oscillator
Introduction: What is the AVO? Welcome to the Algorithmic Value Oscillator (AVO), a powerful, modern momentum indicator that reframes the classic "overbought" and "oversold" concept. Instead of relying on a fixed lookback period like a standard RSI, the AVO measures the current price relative to a significant, higher-timeframe Value Zone .
This gives you a more contextual and structural understanding of price. The core question it answers is not just "Is the price moving up or down quickly?" but rather, " Where is the current price in relation to its recently established area of value? "
This allows traders to identify true "premium" (overbought) and "discount" (oversold) levels with greater accuracy, all presented with a clean, futuristic aesthetic designed for the modern trader.
The Core Concept: Price vs. Value The market is constantly trying to find equilibrium. The AVO is built on the principle that the high and low of a significant prior period (like the previous day or week) create a powerful area of perceived value.
The Value Zone: The range between the high and low of the selected higher timeframe.
Premium Territory (Distribution Zone): When the oscillator moves into the glowing pink/purple zone above +100, it is trading at a premium.
Discount Territory (Accumulation Zone): When the oscillator moves into the glowing teal/blue zone below -100, it is trading at a discount.
Key Features
1. Glowing Gradient Oscillator: The main oscillator line is a dynamic visual guide to momentum.
The line changes color smoothly from light blue to neon teal as bullish momentum increases.
It shifts from hot pink to bright purple as bearish momentum increases.
Multiple transparent layers create a professional "glow" effect, making the trend easy to see at a glance.
2. Dynamic Volatility Histogram: This histogram at the bottom of the indicator is a custom volatility meter. It has been engineered to be adaptive, ensuring that the visual differences between high and low volatility are always clear and dramatic, no matter your zoom level. It uses a multi-color gradient to visualize the intensity of market volatility.
3. Volatility Regime Dashboard: This simple on-screen table analyzes the histogram and provides a clear, one-word summary of the current market state: Compressing, Stable, or Expanding.
How to Use the AVO: Trading Strategies
1. Reversion Trading This is the most direct way to use the indicator.
Look for Buys: When the AVO line drops into the teal "Accumulation Zone" (below -100), the price is trading at a discount. Watch for the oscillator to form a bottom and start turning up as a signal that buying pressure is returning.
Look for Sells: When the AVO line moves into the pink "Distribution Zone" (above +100), the price is trading at a premium. Watch for the oscillator to form a peak and start turning down as a signal that selling pressure is increasing.
2. Best Practices & Settings
Timeframe Synergy: The AVO is most effective when your chart timeframe is lower than your selected "Value Zone Source." For example, if you trade on the 1-hour chart, set your Value Zone to "Previous Day."
Confirmation is Key: This indicator provides powerful context, but it should not be used in isolation. Always combine its readings with your primary analysis, such as market structure and support/resistance levels.
Premier Stochastic Oscillator [LazyBear, V2]This script builds on the well-known Premier Stochastic Oscillator (PSO) originally introduced by LazyBear, and adds a Z-Score extension to provide statistical interpretation of momentum extremes.
Features
Premier Stochastic Core: A smoothed stochastic calculation that highlights bullish and bearish momentum phases.
Z-Score Mapping: The PSO values are standardized into Z-Scores (from –3 to +3), quantifying the degree of momentum stretch.
Positive / Negative Z-Scores:
Positive Z values suggest momentum strength that can align with accumulation or favorable buying conditions.
Negative Z values indicate stronger bearish pressure, often aligning with selling or distribution conditions.
On-Chart Label: The current Z-Score is displayed on the latest bar for quick reference.
How to Use
Momentum Confirmation: Use the oscillator to confirm whether bullish or bearish momentum is intensifying.
Overextended Conditions: Extreme Z-Scores (±2 or beyond) highlight statistically stretched conditions, often preceding reversions.
Strategic Integration: Best applied in confluence with trend tools or higher-timeframe filters; not a standalone trading signal.
Originality
Unlike the standard PSO, this version:
Adds a Z-Score framework for objective statistical scaling.
Provides real-time labeling of Z values for clarity.
Extends the classic oscillator into a tool for both momentum detection and mean-reversion context.
RSI ScannerRSI Scanner
This script scans a custom list of symbols and displays their RSI values for a selected higher timeframe (default: 3M). It provides a quick way to monitor multiple markets in one place without switching charts.
Features:
Customizable timeframe for RSI calculation (default: 3M).
Adjustable RSI length and source input.
Flexible filter: display all symbols or only those with RSI above a chosen threshold.
Input your own list of symbols (stocks, forex, futures, crypto) via a text field.
Results displayed in a clean, table directly on the chart.
Automatic column split when the symbol list is long.
Table header shows selected timeframe and filter settings for clarity.
How to use:
Add the script to your chart.
Open the Inputs panel.
In Symbols List, enter the tickers you want to track, separated by commas (e.g. AAPL, TSLA, EURUSD, BTCUSD).
Set the desired Timeframe (e.g. 3M, 1M, W).
Adjust RSI Length and Source if needed.
Enable or disable filtering:
If filtering is enabled, only symbols with RSI ≥ the threshold will be shown.
If disabled, all entered symbols will be displayed.
The table in the top-right corner will update automatically on the last bar.
Use cases:
Monitor RSI across different asset classes on higher timeframes.
Quickly spot overbought symbols (e.g. RSI > 70) without switching charts.
Create a custom multi-market watchlist tailored to your strategy.
Katz Impact Wave 🚀Overview of the Katz Impact Wave 🚀
The Katz Impact Wave is a momentum oscillator designed to visualize the battle between buyers and sellers. Instead of combining bullish and bearish pressure into a single line, it separates them into two distinct "Impact Waves."
Its primary goal is to generate clear trade signals by identifying when one side gains control, but only when the market has enough volatility to be considered "moving." This built-in filter helps to avoid signals during flat or choppy market conditions.
Indicator Components: Lines & Plots
Impact Waves & Fill
Green Wave (Total Up Impulses): This line represents the cumulative buying pressure. When this line is rising, it indicates that bulls are getting stronger.
Red Wave (Total Down Impulses): This line represents the cumulative selling pressure. When this line is rising, it indicates that bears are getting stronger.
Colored Fill: The shaded area between the two waves provides an at-a-glance view of who is in control.
Lime Fill: Bulls are dominant (Green Wave is above the Red Wave).
Red Fill: Bears are dominant (Red Wave is above the Green Wave).
Background Color
The background color provides crucial context about the market state according to the indicator's logic.
Green Background: The market is in a bullish state (Green Wave is dominant) AND the Rate of Change (ROC) filter confirms the market is actively moving.
Red Background: The market is in a bearish state (Red Wave is dominant) AND the ROC filter confirms the market is actively moving.
Gray Background: The market is considered "not moving" or is in a low-volatility chop. Signals that occur when the background is gray should be viewed with extreme caution or ignored.
Symbols & Pivot Lines
▲ Blue Triangle (Up): This is your long entry signal. It appears on the bar where the Green Wave crosses above the Red Wave while the market is moving.
▼ Orange Triangle (Down): This is your short entry signal. It appears on the bar where the Red Wave crosses above the Green Wave while the market is moving.
Pivot Lines (Solid Green/Red/White Lines): These lines mark confirmed peaks of exhaustion in momentum, not price.
Green Pivot Line: Marks a peak in the Green Wave, signaling buying momentum exhaustion. This can be a warning that the uptrend is losing steam.
Red Pivot Line: Marks a peak in the Red Wave, signaling selling momentum exhaustion. This can be a warning that the downtrend is losing steam.
▼ Yellow Triangle (Compression): This rare signal appears when buying and selling exhaustion pivots happen at the same level. It signifies a point of extreme indecision or equilibrium that often occurs before a major price expansion.
Trading Rules & Strategy
This indicator provides entry signals but does not provide explicit Take Profit or Stop Loss levels. You must use your own risk management rules.
Long Trade Rules
Entry Signal: Wait for a blue ▲ triangle to appear at the top of the indicator panel.
Confirmation: Ensure the background color is green, confirming the market is in a bullish, moving state.
Action: Enter a long (buy) trade at the open of the next candle after the signal appears.
Short Trade Rules
Entry Signal: Wait for an orange ▼ triangle to appear at the bottom of the indicator panel.
Confirmation: Ensure the background color is red, confirming the market is in a bearish, moving state.
Action: Enter a short (sell) trade at the open of the next candle after the signal appears.
Take Profit (TP) & Stop Loss (SL) Ideas
You must develop and test your own exit strategy. Here are some common approaches:
Stop Loss:
Place a stop loss below the most recent significant swing low on the price chart for a long trade, or above the recent swing high for a short trade.
Use an ATR (Average True Range) based stop, such as 2x the ATR value below your entry for a long, to account for market volatility.
Take Profit:
Opposite Signal: The simplest exit is to close your trade when the opposite signal appears (e.g., close a long trade when a short signal ▼ appears).
Momentum Exhaustion: For a long trade, consider taking partial or full profit when a green Pivot Line appears, signaling that buying momentum is peaking.
Fixed Risk/Reward: Use a predetermined risk/reward ratio (e.g., 1:1.5 or 1:2).
Disclaimer
This indicator is a tool for analysis, not a financial advisor or a guaranteed profit system. All trading and investment activities involve substantial risk. You should not risk more than you are prepared to lose. Past performance is not an indication of future results. You are solely responsible for your own trading decisions, risk management, and for backtesting this or any other tool before using it in a live trading environment. This indicator is for educational purposes only.
