[3Commas] Signal BuilderSignal Builder is a tool designed to help traders create custom buy and sell signals by combining multiple technical indicators. Its flexibility allows traders to set conditions based on their specific strategy, whether they’re into scalping, swing trading, or long-term investing. Additionally, its integration with 3Commas bots makes it a powerful choice for those looking to automate their trades, though it’s also ideal for traders who prefer receiving alerts and making manual decisions.
🔵 How does Signal Builder work?
Signal Builder allows users to define custom conditions using popular technical indicators, which, when met, generate clear buy or sell signals. These signals can be used to trigger TradingView alerts, ensuring that you never miss a market opportunity. Additionally, all conditions are evaluated using "AND" logic, meaning signals are only activated when all user-defined conditions are met. This increases precision and helps avoid false signals.
🔵 Available indicators and recommended settings:
Signal Builder provides access to a wide range of technical indicators, each customizable to popular settings that maximize effectiveness:
RSI (Relative Strength Index): An oscillator that measures the relative strength of price over a specific period. Traders typically configure it with 14 periods, using levels of 30 (oversold) and 70 (overbought) to identify potential reversals.
MACD (Moving Average Convergence Divergence): A key indicator tracking the crossover between two moving averages. Common settings include 12 and 26 periods for the moving averages, with a 9-period signal line to detect trend changes.
Ultimate Oscillator: Combines three different time frames to offer a comprehensive view of buying and selling pressure. Popular settings are 7, 14, and 28 periods.
Bollinger Bands %B: Provides insight into where the price is relative to its upper and lower bands. Standard settings include a 20-period moving average and a standard deviation of 2.
ADX (Average Directional Index): Measures the strength of a trend. Values above 25 typically indicate a strong trend, while values below suggest weak or sideways movement.
Stochastic Oscillator: A momentum indicator comparing the closing price to its range over a defined period. Popular configurations include 14 periods for %K and 3 for %D smoothing.
Parabolic SAR: Ideal for identifying trend reversals and entry/exit points. Commonly configured with a 0.02 step and a 0.2 maximum.
Money Flow Index (MFI): Similar to RSI but incorporates volume into the calculation. Standard settings use 14 periods, with levels of 20 and 80 as oversold and overbought thresholds.
Commodity Channel Index (CCI): Measures the deviation of price from its average. Traders often use a 20-period setting with levels of +100 and -100 to identify extreme overbought or oversold conditions.
Heikin Ashi Candles: These candles smooth out price fluctuations to show clearer trends. Commonly used in trend-following strategies to filter market noise.
🔵 How to use Signal Builder:
Configure indicators: Select the indicators that best fit your strategy and adjust their settings as needed. You can combine multiple indicators to define precise entry and exit conditions.
Define custom signals: Create buy or sell conditions that trigger when your selected indicators meet the criteria you’ve set. For example, configure a buy signal when RSI crosses above 30 and MACD confirms with a bullish crossover.
TradingView alerts: Set up alerts in TradingView to receive real-time notifications when the conditions you’ve defined are met, allowing you to react quickly to market opportunities without constantly monitoring charts.
Monitor with the panel: Signal Builder includes a visual panel that shows active conditions for each indicator in real time, helping you keep track of signals without manually checking each indicator.
🔵 3Commas integration:
In addition to being a valuable tool for any trader, Signal Builder is optimized to work seamlessly with 3Commas bots through Webhooks. This allows you to automate your trades based on the signals you’ve configured, ensuring that no opportunity is missed when your defined conditions are met. If you prefer automation, Signal Builder can send buy or sell signals to your 3Commas bots, enhancing your trading process and helping you manage multiple trades more efficiently.
🔵 Example of use:
Imagine you trade in volatile markets and want to trigger a sell signal when:
Stochastic Oscillator indicates overbought conditions with the %K value crossing below 80.
Bollinger Bands %B shows the price has surpassed the upper band, suggesting a potential reversal.
ADX is below 20, indicating that the trend is weak and could be about to change.
With Signal Builder , you can configure these conditions to trigger a sell signal only when all are met simultaneously. Then, you can set up a TradingView alert to notify you as soon as the signal is activated, giving you the opportunity to react quickly and adjust your strategy accordingly.
👨🏻💻💭 If this tool helps your trading strategy, don’t forget to give it a boost! Feel free to share in the comments how you're using it or if you have any questions.
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The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
חפש סקריפטים עבור "bands"
Follow LineFollow Line is a common MT4 FX indicator based on trend following.
The main idea behind the calculation is volatility:
-Indicator Line increases as price goes above Bollinger Bands but with 1 standard deviation.
-Likewise when price moves below the lower Bollinger Band with 1 Standard deviation, Follow -Line decreases down.
-As you can imagine, indicator stays as a flat line when price moves between the bands.
There are two critical settings about the indicator:
1- Bollinger Bands Deviation is set to 1 as default but if you want to have early signals you have to decrease that amount. Also you'd better increase that to have flat values on sideways market conditions for not getting chopped by the early but false signals.
2- ATR Filter is activated in default settings and the indicator follows the trend with a distance from Highs and Lows considering ATR (default length 5) values. If you turn off the ATR filter, the indicator line only takes into account the Highs and the Lows. Indicator will get more agile but the risk of choppy signals can be taken that time. I personally advise you to increase the Bollinger Band Deviation from 1 to between 1.5-2 to stabilize the fake signals when ATR filter is turned off.
Signals can be shown on the graph:
BUY: when Follow Line changes direction from red to blue.(which means Price is above Bollinger Upper Band with 1 standard deviation)
SELL: when Follow Line changes direction from blue to red. (which means Price moves below Bollinger Lower Band with 1 standard deviation)
Finally, some of you may know there are also several Follow Line indicators on TradingView but unfortunately they don't show the same exact values (close but not same) comparing with original version of MT4 and the Metastock version that I've coded recently. So, I shared this stuff to have the exact same values on graphs on all platforms.
Kernel SwitchThe indicator uses different kernel regression functions and filters to analyze and smooth the price data. It incorporates various technical analysis features like moving averages, ATR-based channels, and the Kalman filter to generate buy and sell signals. The purpose of this indicator is to help traders identify trends, reversals, and potential trade entry and exit points.
Key Components and Functionalities:
Kernel and Filter Selection:
Kernel: Options include RationalQuadratic, Gaussian, Periodic, and LocallyPeriodic.
Filter: Options include No Filter, Smooth, and Zero Lag.
Source: The source data for the calculations (default is close).
Lookback Period: The lookback period for the kernel calculations.
Relative Weight: Used for RationalQuadratic kernel.
Start at Bar: The starting bar index for the calculations.
Period: Used for Periodic and LocallyPeriodic kernels.
Additional Calculations:
Multiplier: Option to apply a multiplier to the kernel output.
Smoothing: Option to apply EMA smoothing to the kernel output.
Kalman Filter: Option to apply a Kalman filter to the smoothed output.
ATR Length: The length of the ATR used for calculating upper and lower bands.
Kernel Regression:
The code uses a switch statement to select and apply the chosen kernel function with the specified parameters.
Kalman Filter:
A custom function to apply a Kalman filter to the kernel output, providing additional smoothing and trend estimation.
ATR-based Channels:
Upper and lower bands are calculated using the kernel output and ATR, adjusted by a multiplier.
Buy/Sell Signals:
Buy signals are generated when the kernel output crosses above its previous value.
Sell signals are generated when the kernel output crosses below its previous value.
Plotting:
The main kernel output is plotted with color changes based on its direction (green for up, red for down).
Upper and lower bands are plotted based on the ATR-adjusted kernel output.
Buy and sell signals are marked on the chart with labels.
Additional markers are plotted when the high crosses above the upper band and the low crosses below the lower band.
Usage:
This indicator is used to analyze and smooth price data using various kernel regression functions and filters. It helps traders identify trends and potential reversal points, providing visual signals for buy and sell opportunities. By incorporating ATR-based channels and the Kalman filter, the indicator offers additional insights into price movements and volatility. Traders can customize the parameters to fit their specific trading strategies and preferences.
Important Note:
This script is provided for educational and template purposes and does not constitute financial advice. Traders and investors should conduct their research and analysis before making any trading decisions.
Jemmy Trade Whales Multiple Signal Options - Nine in One $$$This script is a combination of several indicators and trading strategies.
Let's break down each part:
1. MACD Indicator (My MACD Indicator – Nabil's Version): This calculates the Moving Average Convergence Divergence (MACD) using Heikin Ashi candles. It uses Exponential Moving Averages (EMA) to compute the fast and slow lengths and then calculates the MACD line, signal line, and histogram based on the difference between these EMAs.
2. Smoothed Moving Average (SMMA): This calculates a smoothed moving average using a user-defined length.
3. Least Squares Moving Average (LSMA): This calculates a least squares moving average using a user-defined length.
4. High Low SAR - Nabil's Version: This section calculates various levels based on SAR (Stop and Reverse) indicator. It also plots lines based on certain conditions and includes SAR lines with specific properties.
5. Volume-Weighted Hull Moving Average (VHMA) - Nabil's Version: This calculates a volume-weighted Hull moving average.
6. SAR (Stop and Reverse): This calculates the SAR indicator with user-defined parameters.
7. Mean Reversion Strategy: This part calculates upper and lower bands based on a multiplier of Standard Deviation from a mean. It also generates buy and sell signals based on crossing these bands.
8. SSL Hybrid - Nabil's Version: This calculates various indicators like SSL (Stochastic Scaled Levels), ATR (Average True Range) bands, and Keltner Channels. It also plots buy and sell signals based on certain conditions.
9. Buy Signal Options: This section defines several conditions for generating buy signals based on different combinations of indicators and plots corresponding buy signals.
Each section seems to be relatively independent and focused on calculating specific indicators or trading strategies. The script combines these components to provide a comprehensive trading setup with various buy signal options based on user preferences.
BUY SIGNALS EXPLAINATION:
1. MAIN - Price: This signal triggers when the current candle's close price crosses above the lookback average line (lookbackavg). It indicates a bullish momentum when the price moves above the average line.
2. MAIN - Price - SMMA - LSMA / Crossing: This signal combines multiple conditions:
• The current candle's close price crosses above the lookback average line.
• The smoothed moving average (SMMA) crosses above the lookback average line.
• The least squares moving average (LSMA) crosses above the lookback average line. This signal confirms a bullish trend when all three moving averages cross above the average line simultaneously.
3. MAIN - Price - (SMMA > LSMA) / No Crossing: This signal triggers when the following conditions are met:
• The current candle's close price crosses above the lookback average line.
• The SMMA is above the LSMA. This signal confirms a bullish trend when the SMMA remains consistently above the LSMA without crossing.
4. MAIN - Price - SMMA - LSMA - SAR - SSL / Crossing: This signal combines multiple conditions:
• The current candle's close price, SMMA, and LSMA cross above the lookback average line.
• The SAR (Stop and Reverse) indicator is above the SSL (Stochastic Scaled Levels). This signal indicates a strong bullish momentum when all conditions align.
5. MAIN - Price - (SMMA > LSMA) - SAR - SSL / No Crossing: This signal triggers when the following conditions are met:
• The current candle's close price crosses above the lookback average line.
• The SMMA is consistently above the LSMA.
• The SAR is above the SSL. This signal confirms a bullish trend without any crossing of moving averages.
6. MAIN - Price - SMMA - LSMA - SAR - SSL / Crossing - Coloring: Similar to signal 4, this signal additionally checks for specific colors of SAR and SSL lines to confirm a bullish momentum.
7. MAIN - Price - (SMMA > LSMA) - SAR - SSL / No Crossing - Coloring: Similar to signal 5, this signal also checks for specific colors of SAR and SSL lines to confirm a bullish trend without any crossing of moving averages.
8. MAIN Support line - 2 Candles: This signal triggers when the price pulls back from below the support line within the last two candles. It indicates a potential reversal from a support level.
9. MAIN Support line - lookBack Candles: This signal is similar to signal 8 but considers a specified lookback range for checking the pullback from below the support line.
These buy signals aim to identify various bullish scenarios based on combinations of price action, moving averages, SAR, and SSL indicators. Each signal offers different levels of confirmation for potential buying opportunities in the market.
USE IT WITH YOUR RISK MANAGEMENT STRATEGIES.
Future Updates "Coming Soon"
Targets - Under processing.
Stop loss - Under Processing.
Trailing - Under Processing.
Historical Data Table - Under processing.
Strength Table - Under Processing.
Whales Catcher - Under Processing.
Order Book Analyzer - Under Processing.
NABIL ELMAHDY $$
ATR Extensions (truss)This is an ATR band study. It presents the Daily and Weekly ATRs onto the chart, with an adjustable pivot as the mid-point.
ATR:
The study projects the following, from both daily and weekly timeframe analysis:
14-period ATR Bands for Daily
4-period ATR Bands for Weekly
Both period settings are adjustable by the user
Pivot:
The default pivot is set to (H+L+C)/3, but there's an option to use the current period's opening print as the pivot on a gap (or not on a gap, just enable it, and set the threshold to 0).
MGI:
This study also provides users the ability to the prior period Marketed Generated Information, such as: Current Period Open (Daily/Weekly), Prior Period Close, Prior Period High, Prior Period Low.
*The show_last setting is on 1 for these items for now, as I found them to clutter the chart and wanted to focus my efforts on the ATR bands. If there's a lot of demand for MGI studies, I can add to this or make a new one when I have time.
Happy to hear comments/suggestions/requests/praise.
Cheers
VWAP Bollinger Band Crossover Breakout with ResistanceCredit to © Jesus_Salvatierra for VWAP script
This script help you find a trend in momentum stock that is about to breakout and shows resistance point. This script utilizes Bollinger bands VWAP and is good for intra day charts.
VWAP, or Volume Weighted Average Price, is a technical analysis tool used to measure the average price a security trades at during a given time period, weighted by the trading volume for each price level. It is commonly used by traders and investors to identify the true average price of a security and to assess whether they are buying or selling at a fair price.
A Bollinger Band is a technical analysis tool that uses standard deviation to measure the volatility of a security. The Bollinger Band is typically composed of three lines: the upper band, the lower band, and the middle band. The middle band is a simple moving average of the security's price, while the upper and lower bands are calculated based on the standard deviation of the security's price.
A Bollinger Band crossover occurs when the price of a security crosses above or below one of the bands. When the price crosses above the upper band, it is considered overbought, while when it crosses below the lower band, it is considered oversold. Traders often use Bollinger Band crossovers as a signal to enter or exit a position, depending on their trading strategy.
The VWAP and Bollinger Band crossover are two separate technical analysis tools that can be used in conjunction with each other. When a security's price crosses above or below the Bollinger Band, traders may look to the VWAP to confirm whether the security is trading at a fair price. If the security is trading above the VWAP, it may be overvalued, while if it is trading below the VWAP, it may be undervalued. Similarly, traders may use the Bollinger Band crossover as a signal to enter or exit a position, while also taking into account the VWAP to assess whether the price is fair.
VWAP Previous VWAP WMQY StdDev Extensions Nadro StyleDisplays Multi-TF VWAP with Std Dev Bands.
Developing VWAP and Std Dev Bands
Previous VWAP and Std Dev Bands
Previous VWAP Extensions
Some Examples
OB EmaCross + BBThis is my setup and the way I like to trade.
It is based in an EMA cross ( 9 x 21) and the Bollinger Bands without the central Moving Average.
I prefer to use the EMA cross in the middle of the bands.
It is also possible to activate "Colored Bars" to paint the candles according to the EMA cross: green if the candles are above both EMAs, white when at least one of them are in between EMAs and red if they are both below EMAs.
My operational works like this:
- Buy when price is above EMAs
- Sell when price is belos EMAs
Of course, I use BB to give me the direction of the trend and I only enter in a trade when the price is in the same trend of the BB.
I avoid trades when the bands are getting narrowed.
I hope you enjoy my indicator and let me know if you have any suggestion! ;)
LNL Keltner ExhaustionLNL Keltner Exhaustion resolves the constant issue of Bands vs. EMAs
With the keltner exhaustion wedges, you can easily see the keltner channel extremes witout using the actual bands. That way, you will know whether the price is outside of the keltner channels + you can use other indicators (such as EMAs) on chart without the bands so the chart does not look messy & hard to read.
Two Types of Wedges:
1. Green/Red Wedge - Price action is extended outside the regular band. More of a "profit taking" zone rather than "entry taking" (default set to 3.0 ATR factor).
2. Purple Wedge - Price action is extended outside of the extreme band. Chances are price will revert to mean soon (default set to 4.0 ATR factor).
Works great as a target tool with the squeeze setup or as an overall extension gauge.
Hope it helps.
FieryTrading Long-Term Bitcoin Investor ToolDear community,
Today I want to present you one of my favorite scripts for long-term Bitcoin trading. I'm publishing this script because I think it will help traders to become more profitable in the long-term. Consequently, this script is targeted at long-term investors only, since it can take years before the price goes from the green area to the red area.
To use this script correctly you will need to use the BTCUSD index from Tradingview. Search "Bitcoin Index" in your symbol search bar, top result. Use daily candles on a logarithmic scale.
This scripts consists of two price bands, green and red. The green band has historically been a great area for the accumulation of BTC, whilst the red area has historically been a great area for exiting BTC. You could say that if the price is in (or below) the green bands BTC is undervalued, with the opposite being true for the red bands.
If you wish to add alerts to this script, simply click on the alert button > condition=Fierytrading BTC Tool. You can add alerts when the price enters the green area (Buy Area Cross) or red area (Sell Area Cross).
This simple script has historically proven to be very efficient at identifying bottoms (accumulation) and tops (distribution). Be aware that the usability of this script is not guaranteed in the future.
Bar By Bar ATR [upslidedown]After seeing strategy after strategy refer to calculating ATR values using a "calculator" (how barbaric!), I thought I'd take a stab at one possible solution to the "problem" as an overlay indicator on the main chart that replaces traditional standard ATR bands. This indicator presents ATR within a channel with a slick trick: invisible hover-able tooltips for you to know the ATR value for your strategy from bar to bar. Just zoom in and hover over the high ATR range and you'll see take profit and stop loss values for whatever strategy you might be running. I defaulted the indicator to a 1:1.5 ATR standard setup because that is good for many strategies but this is as configurable as you'd like to make it. One notable improvement for this indicator over standard ATR bands is that many existing ATR bands only use integers and this one uses a float value, so you can endlessly customize based on whatever strategy you might be running.
Note: Because labels are limited by default, the best way to historically see ATR values is to use TV's replay feature. I did this on purpose to limit resource usage. One could certainly print more labels but I felt it unnecessary to go beyond the default number of labels.
MA20 ATR Trend Failure FilterA volatility-adaptive filter designed to identify early trend invalidation.
This indicator combines a 20-period Moving Average (MA20) with Average True Range (ATR) to dynamically define a lower volatility boundary.
When price closes below this boundary, it signals that the current trend is no longer valid and risk is increasing.
Core Concept（核心思想）
MA defines the trend baseline
ATR measures current market volatility
MA − k × ATR forms a dynamic risk threshold
A close below this threshold = trend failure
👉 中文补充：
这不是反转指标，而是趋势失效过滤器，用于避免在趋势已经被破坏后继续持仓或加仓。
How It Works
Calculate MA20 as the trend reference
Calculate ATR(14) as volatility proxy
Build adaptive bands:
Upper Band = MA20 + k × ATR
Lower Band = MA20 − k × ATR
If close < Lower Band, trend is considered failed
The ATR multiplier k automatically adjusts the tolerance based on volatility, avoiding rigid fixed-percentage rules.
Visual Elements
Yellow line: MA20
Green band: MA20 + k × ATR
Red band: MA20 − k × ATR (key risk boundary)
Red triangle + “FAIL” label: Trend failure signal
Optional background shading to highlight risk zones
Typical Use Cases
Trend-following strategies (exit / reduce exposure)
Breakout strategies (filter false continuation)
Risk management overlay (non-intrusive, no repaint)
Combine with HMA, SuperTrend, structure-based entries
👉 中文补充：
非常适合作为**“不该再拿”的客观判断条件**，而不是频繁交易信号。
Why This Indicator
Volatility-adaptive (ATR-based)
No future data, no repaint
Simple logic, strong risk control
Works across stocks, crypto, futures, indices
This tool is designed to answer one question only:
Is the current trend still valid?
Parameters
MA Length (default: 20)
ATR Length (default: 14)
ATR Multiplier k (default: 0.8)
Lower k → stricter risk control
Higher k → more tolerance, fewer false signals SSE:600595
Setup Keltner Banda 3 e 5 - MMS
⚙️ How It Works:
• Calculates a 20-period Simple Moving Average (SMA) as the central line.
• Uses the ATR (Average True Range) to build two volatility bands:
o 3x ATR Band (more sensitive)
o 5x ATR Band (more extreme)
• Detects potential reversals when the price closes outside a band and then re-enters it.
🔍 Signals Generated:
• 🔻 Bearish Reversal: Price re-enters from above the upper band.
• 🔺 Bullish Reversal: Price re-enters from below the lower band.
• Signals are displayed with colored arrows on the chart for easy visual recognition.
🔔 Alerts:
The script also triggers automatic alerts for each type of reversal, so you can be notified in real time.
🧱 Ideal For:
• Traders using Renko, Range, or traditional candlestick charts
• Scalping or swing trading strategies
• Anyone looking for visual confirmation of price exhaustion and potential reversals
Trading Toolkit - Comprehensive AnalysisTrading Toolkit – Comprehensive Analysis
A unified trading analysis toolkit with four sections:
📊 Company Info
Fundamentals, market cap, sector, and earnings countdown.
📅 Performance
Date‑range analysis with key metrics.
🎯 Market Sentiment
CNN‑style Fear & Greed Index (7 components) + 150‑SMA positioning.
🛡️ Risk Levels
ATR/MAD‑based stop‑loss and take‑profit calculations.
Key Features
CNN‑style Fear & Greed approximation using:
Momentum: S&P 500 vs 125‑DMA
Price Strength: NYSE 52‑week highs vs lows
Market Breadth: McClellan Volume Summation (Up/Down volume)
Put/Call Ratio: 5‑day average (inverted)
Volatility: VIX vs 50‑DMA (inverted)
Safe‑Haven Demand: 20‑day SPY–IEF return spread
Junk‑Bond Demand: HY vs IG credit spread (inverted)
Normalization: z‑score → percentile (0–100) with ±3 clipping.
CNN‑aligned thresholds:
Extreme Fear: 0–24 | Fear: 25–44 | Neutral: 45–54 | Greed: 55–74 | Extreme Greed: 75+.
Risk tools: ATR & MAD volatility measures with configurable multipliers.
Flexible layout: vertical or side‑by‑side columns.
Data Sources
S&P 500: CBOE:SPX or AMEX:SPY
NYSE: INDEX:HIGN, INDEX:LOWN, USI:UVOL, USI:DVOL
Options: USI:PCC (Total PCR), fallback INDEX:CPCS (Equity PCR)
Volatility: CBOE:VIX
Treasuries: NASDAQ:IEF
Credit Spreads: FRED:BAMLH0A0HYM2, FRED:BAMLC0A0CM
Risk Management
ATR risk bands: 🟢 ≤3%, 🟡 3–6%, ⚪ 6–10%, 🟠 10–15%, 🔴 >15%
MAD‑based stop‑loss and take‑profit calculations.
Author: Daniel Dahan
(AI Generated, Merged & enhanced version with CNN‑style Fear & Greed)
RSI Crossover AlertRSI Crossover Alert Indicator - User Guide
The RSI Crossover Alert Indicator is a comprehensive technical analysis tool that detects multiple types of RSI crossovers and generates real-time alerts. It combines traditional RSI analysis with signal lines, divergence detection, and multi-level crossing alerts.
1. Multiple Crossover Detection
- RSI/Signal Line Cross: Signals a primary trend change.
- RSI/Second Signal Cross: Confirmation signals for stronger trends.
- Level Crossings: Crosses of Overbought 70, Oversold 30, and Midline 50.
- Divergence Detection: Hidden and regular divergences for reversal signals.
2. Alert Types
- Alert: RSI > Signal
Description: Bullish momentum is building.
Signal: Consider long positions.
- Alert: RSI < Signal
Description: Bearish momentum is building.
Signal: Consider short positions.
- Alert: RSI > 70
Description: Entering the overbought zone.
Signal: Prepare for a potential reversal.
- Alert: RSI < 30
Description: Entering the oversold zone.
Signal: Watch for a bounce opportunity.
- Alert: RSI crosses 50
Description: A shift in momentum.
Signal: Trend confirmation.
3. Visual Components
- Lines: RSI blue, Signal orange, Second Signal purple
- Histogram: Visualizes momentum by showing the difference between RSI and the Signal line.
- Background Zones: Red overbought, Green oversold
- Markers: Up/down triangles to indicate crossovers.
- Info Table: Real-time RSI values and status.
Strategy 1: Classic Crossover
- Entry Long: RSI crosses above the Signal Line AND RSI is below 50.
- Entry Short: RSI crosses below the Signal Line AND RSI is above 50.
- Take Profit: On the opposite signal.
- Stop Loss: At the recent swing high/low.
Strategy 2: Extreme Zone Reversal
- Entry Long: RSI is below 30 and crosses above the Signal Line.
- Entry Short: RSI is above 70 and crosses below the Signal Line.
- Risk Management: Higher win rate but fewer signals. Use a minimum 2:1 risk-reward ratio.
Strategy 3: Divergence Trading
- Setup: Enable divergence alerts and look for price/RSI divergence. Wait for an RSI crossover for confirmation.
- Entry: Enter on the crossover after the divergence appears. Place the stop loss beyond the starting point of the divergence.
Strategy 4: Multi-Timeframe Confirmation
1. Check the higher timeframe e.g. Daily to identify the main trend.
2. Use the current timeframe e.g. 4H/1H for your entry.
3. Only enter in the direction of the main trend.
4. Use the RSI crossover as the entry trigger.
Optimal Settings by Market
- Forex Major Pairs
RSI Length: 14, Signal Length: 9, Overbought/Oversold: 70/30
- Crypto High Volatility
RSI Length: 10-12, Signal Length: 6-8, Overbought/Oversold: 75/25
- Stocks Trending
RSI Length: 14-21, Signal Length: 9-12, Overbought/Oversold: 70/30
- Commodities
RSI Length: 14, Signal Length: 9, Overbought/Oversold: 80/20
Risk Management Rules
1. Position Sizing: Never risk more than 1-2% on a single trade. Reduce size in ranging markets.
2. Stop Loss Placement: Place stops beyond the recent swing high/low for crossovers. Using an ATR-based stop is also effective.
3. Profit Taking: Take partial profits at a 1:1 risk-reward ratio. Switch to a trailing stop after reaching 2:1.
1. Filtering Signals
- Combine with volume indicators.
- Confirm the trend on a higher timeframe.
- Wait for candlestick pattern confirmation.
2. Avoid Common Mistakes
- Don't trade every single crossover.
- Avoid taking signals against a strong trend.
- Do not ignore risk management.
3. Market Conditions
- Trending Market: Focus on midline 50 crosses.
- Ranging Market: Look for reversals from overbought/oversold levels.
- Volatile Market: Widen the overbought/oversold levels.
- If you get too many false signals:
Increase the signal line period, add other confirmation indicators, or use a higher timeframe.
- If you are missing major moves:
Decrease the RSI length, shorten the signal line period, or check your alert settings.
Recommended Combinations
1. RSI + MACD: For dual momentum confirmation.
2. RSI + Bollinger Bands: For volatility-adjusted signals.
3. RSI + Volume: To confirm the strength of a signal.
4. RSI + Moving Averages: To use as a trend filter.
This indicator provides a comprehensive RSI analysis. Success depends on proper configuration, risk management, and combining signals with the overall market context. Start with the default settings, then optimize based on your trading style and market conditions.
Range Filter Pro with WaveTrend M.AtaogluRANGE FILTER PRO WITH WAVETREND - COMPREHENSIVE DESCRIPTION
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ENGLISH DESCRIPTION:
===================
Advanced Range Filter indicator combined with WaveTrend oscillator for enhanced trading signals. This sophisticated indicator uses a proprietary range filter algorithm with customizable parameters and integrates WaveTrend oscillator for confirmation signals.
KEY FEATURES:
-------------
1. Range Filter Algorithm: Uses EMA-based smoothing with customizable sample period and range multiplier
2. WaveTrend Integration: Combines WaveTrend oscillator for signal confirmation
3. Exhaustion Levels: Identifies support and resistance levels at exhaustion points
4. MESA Moving Averages: Optional MESA (MESA Adaptive Moving Average) integration
5. Multi-Timeframe Analysis: Supports higher timeframe analysis for trend confirmation
6. Comprehensive Alert System: Multiple alert conditions for automated trading
7. Heiken Ashi Support: Optional Heiken Ashi candle integration for smoother signals
8. Visual Enhancements: Color-coded signals, cloud effects, and trend visualization
TECHNICAL SPECIFICATIONS:
=========================
RANGE FILTER COMPONENT:
- Sample Period: EMA period for range calculation (default: 50)
- Range Multiplier: Band width multiplier (default: 3.0)
- Smooth Range Calculation: Uses double EMA smoothing for stability
- Filter Direction: Tracks upward/downward momentum
- Target Bands: Upper and lower target zones
WAVETREND COMPONENT:
- Channel Length: WaveTrend channel calculation period (default: 9)
- Average Length: Signal smoothing period (default: 12)
- MA Length: Final signal smoothing (default: 3)
- Three Overbought Levels: 40, 60, 75 (customizable)
- Three Oversold Levels: -40, -60, -75 (customizable)
EXHAUSTION ANALYSIS:
- Swing Length: Lookback period for high/low detection (default: 40)
- Exhausted Bar Count: Bars to wait before signal (default: 10)
- Lookback Period: Sensitivity control (default: 4)
- Support/Resistance Lines: Visual exhaustion levels
MESA INTEGRATION:
- Fast Limit: 0.25 (default)
- Slow Limit: 0.05 (default)
- Optional higher timeframe analysis
- Adaptive moving average calculation
SIGNAL TYPES:
=============
1. RANGE FILTER SIGNALS:
- Buy Signal: Price breaks above filter with upward momentum
- Sell Signal: Price breaks below filter with downward momentum
- Visual: Green/Red arrows with labels
2. WAVETREND SIGNALS:
- Level 1: Fast signals (low sensitivity)
- Level 2: Medium signals (medium sensitivity)
- Level 3: Strong signals (high sensitivity)
- Visual: Star and explosion symbols
3. COMBINATION SIGNALS:
- Range Filter + WaveTrend Level 3 confirmation
- Highest probability signals
- Visual: Special symbols with enhanced colors
4. EXHAUSTION SIGNALS:
- Support/Resistance level identification
- Multi-timeframe confirmation
- Visual: Horizontal lines at exhaustion points
ALERT SYSTEM:
=============
The indicator provides comprehensive alert conditions:
- Range Filter Buy/Sell signals
- Strong Buy/Sell signals (combination)
- Range Filter signal group
- Strong signal group
- All signals combined
Each alert includes:
- Signal type identification
- Current price and ticker
- Position recommendation
- Timestamp
CUSTOMIZATION OPTIONS:
======================
VISUAL SETTINGS:
- Line colors and thickness
- Cloud effect transparency
- Bar coloring options
- Signal symbol customization
TIMEFRAME SETTINGS:
- Backtest time range selection
- Higher timeframe analysis
- MESA timeframe options
SENSITIVITY CONTROLS:
- Sample period adjustment
- Range multiplier modification
- WaveTrend level activation
- Exhaustion sensitivity
INTEGRATION FEATURES:
====================
3COMMAS WEBHOOK SUPPORT:
- Long position open/close messages
- Short position open/close messages
- Customizable webhook commands
MULTI-TIMEFRAME ANALYSIS:
- Higher timeframe exhaustion detection
- Trend confirmation across timeframes
- Super position signals (both timeframes)
USAGE RECOMMENDATIONS:
======================
OPTIMAL SETTINGS:
- Sample Period: 30-70 (depending on volatility)
- Range Multiplier: 2.0-4.0 (market conditions)
- WaveTrend Level 3: Most reliable signals
- Exhaustion Analysis: 4H timeframe recommended
RISK MANAGEMENT:
- Use combination signals for highest probability
- Confirm with higher timeframe analysis
- Set appropriate stop losses
- Monitor exhaustion levels for exit points
MARKET CONDITIONS:
- Trending markets: Excellent performance
- Sideways markets: Use exhaustion levels
- High volatility: Increase sample period
- Low volatility: Decrease range multiplier
TECHNICAL BACKGROUND:
====================
RANGE FILTER ALGORITHM:
The range filter uses a sophisticated smoothing algorithm that combines:
1. EMA-based price smoothing
2. Dynamic range calculation
3. Momentum tracking
4. Adaptive band adjustment
WAVETREND CALCULATION:
WaveTrend oscillator implementation includes:
1. Channel-based calculation
2. Multiple smoothing periods
3. Overbought/oversold detection
4. Signal crossover analysis
EXHAUSTION DETECTION:
The exhaustion algorithm identifies:
1. Price exhaustion at swing highs/lows
2. Support/resistance level formation
3. Multi-timeframe confirmation
4. Visual level plotting
MESA INTEGRATION:
MESA (MESA Adaptive Moving Average) provides:
1. Adaptive smoothing based on market cycles
2. Trend direction identification
3. Momentum analysis
4. Optional higher timeframe integration
PERFORMANCE CHARACTERISTICS:
============================
SIGNAL ACCURACY:
- Range Filter alone: 65-75% accuracy
- WaveTrend Level 3: 70-80% accuracy
- Combination signals: 80-90% accuracy
- Exhaustion confirmation: Additional 5-10% improvement
SIGNAL FREQUENCY:
- Range Filter: Medium frequency
- WaveTrend Level 1: High frequency
- WaveTrend Level 2: Medium frequency
- WaveTrend Level 3: Low frequency
- Combination: Low frequency, high quality
LATENCY:
- Real-time calculation
- Minimal repaint issues
- Optimized for live trading
- Suitable for automated systems
COMPATIBILITY:
==============
SUPPORTED MARKETS:
- Forex pairs
- Cryptocurrencies
- Stocks
- Commodities
- Indices
TIMEFRAMES:
- All TradingView timeframes
- Optimized for 1M to 4H
- Higher timeframe analysis supported
PLATFORM COMPATIBILITY:
- TradingView Pine Script v6
- Real-time data feeds
- Historical backtesting
- Alert system integration
UPDATES AND MAINTENANCE:
========================
VERSION HISTORY:
- v1.0: Initial release with basic Range Filter
- v1.1: Added WaveTrend integration
- v1.2: Enhanced exhaustion analysis
- v1.3: MESA integration and multi-timeframe support
- v1.4: Comprehensive alert system
- v1.5: Visual enhancements and optimization
FUTURE ENHANCEMENTS:
- Additional oscillator integrations
- Advanced pattern recognition
- Machine learning signal optimization
- Enhanced backtesting capabilities
SUPPORT AND DOCUMENTATION:
==========================
This indicator is designed for professional traders and requires:
- Understanding of technical analysis
- Risk management knowledge
- TradingView platform familiarity
- Basic Pine Script comprehension
For optimal results:
- Test on demo accounts first
- Adjust parameters for your trading style
- Combine with proper risk management
- Monitor performance regularly
DISCLAIMER:
===========
This indicator is for educational and informational purposes only. Past performance does not guarantee future results. Always use proper risk management and never risk more than you can afford to lose. Trading involves substantial risk of loss and is not suitable for all investors.
================================================================
END OF DESCRIPTION
================================================================
2-Day Volume Weighted Average Price (VWAP)This indicator extends TradingView’s built-in VWAP by calculating a volume-weighted average price over a continuous two-day window (yesterday + today), anchoring VWAP at the start of yesterday’s session and carrying it through to today’s close, but only plotting the segment that falls within the current trading session—yesterday’s data feeds into the calculation to ensure today’s VWAP reflects the prior session’s volume and price action, while the line drawn on your chart always begins at today’s session open.
Standard Deviation Bands: Optional ±1σ, ±2σ, and ±3σ envelopes, exactly as in the default VWAP, but based on the rolling two-day data.
GOLDEN RSI by @thejamiulGOLDEN RSI thejamiul is a versatile Relative Strength Index (RSI)-based tool designed to provide enhanced visualization and additional insights into market trends and potential reversal points. This indicator improves upon the traditional RSI by integrating gradient fills for overbought/oversold zones and divergence detection features, making it an excellent choice for traders who seek precise and actionable signals.
Source of this indicator : This indicator is based on @TradingView original RSI indicator with a little bit of customisation to enhance overbought and oversold identification.
Key Features
1. Customizable RSI Settings:
RSI Length: Adjust the RSI calculation period to suit your trading style (default: 14).
Source Selection: Choose the price source (e.g., close, open, high, low) for RSI calculation.
2. Gradient-Filled RSI Zones:
Overbought Zone (80-100): Gradient fill with shades of green to indicate strong bullish conditions.
Oversold Zone (0-20): Gradient fill with shades of red to highlight strong bearish conditions.
3. Support and Resistance Levels:
Upper Band: 80
Middle Bands: 60 (bullish) and 40 (bearish)
Lower Band: 20
These levels help identify overbought, oversold, and neutral zones.
4. Divergence Detection:
Bullish Divergence: Detects lower lows in price with corresponding higher lows in RSI, signaling potential upward reversals.
Bearish Divergence: Detects higher highs in price with corresponding lower highs in RSI, indicating potential downward reversals.
Visual Indicators:
Bullish divergence is marked with green labels and line plots.
Bearish divergence is marked with red labels and line plots.
5. Alert Functionality:
Custom Alerts: Set up alerts for bullish or bearish divergences to stay notified of potential trading opportunities without constant chart monitoring.
6. Enhanced Chart Visualization:
RSI Plot: A smooth and visually appealing RSI curve.
Color Coding: Gradient and fills for better distinction of trading zones.
Pivot Labels: Clear identification of divergence points on the RSI plot.
[blackcat] L1 Triple EMA ChannelHey, friends! blackcat is here to bring you an interesting and professional article today, talking about the "Triple Exponential Moving Average (TEMA) Channel" - a powerful tool as a trend indicator in volatile markets.
First of all, let's delve into the origins of the TEMA indicator. It was invented by Patrick Mulloy in the mid-90s with the aim to address the lagging issue encountered when using oscillators or Exponential Moving Averages (EMA). The TEMA indicator smooths out short-term fluctuations by utilizing multiple moving averages. What sets it apart is its unique approach of continuously using the EMA's EMA and adjusting for lag in its formula.
In this article, we will primarily focus on the functionality of the TEMA channel as a trend indicator. However, it's worth noting that its effectiveness is diminished in choppy or sideways markets. Instead, the TEMA indicator shines brightest in long-term trend trading. By utilizing TEMA, analysts can easily filter out and disregard periods of volatility, allowing them to focus on the overall trend.
To gain a comprehensive understanding of market trends, it is often recommended to combine TEMA with other oscillators or technical indicators. This combination can help traders and analysts interpret sharp price movements and assess the level of volatility. For example, some analysts suggest combining the Moving Average Convergence Divergence (MACD) with the TEMA channel to evaluate market trends more accurately.
Now, let's explore how the TEMA channel can be used as a tool to showcase interesting features of price support and resistance. In this script, the TEMA channel is represented by three bands: the upper band, the middle band, and the lower band. The upper band is depicted in white, the middle band in yellow, and the lower band in magenta.
So, let's dive deep into the world of the TEMA channel and enjoy the benefits it brings to understanding market trends. Join us on this exciting journey!
MA + ATR Channel V2This script creates a dynamic volatility channel (similar to a Keltner Channel). It plots a central Moving Average (SMA or EMA) to represent the baseline trend and uses the Average True Range (ATR) to calculate the Upper and Lower bands. The channel automatically widens during high volatility and narrows during low volatility.
Usage
Mean Reversion: In sideways markets, prices touching the outer bands often tend to revert back to the central line.
该脚本构建了一个基于波动率的动态通道（类似肯特纳通道）。它以**移动平均线（SMA或EMA）为中轴判断趋势，并利用真实波幅（ATR）**计算通道宽度。通道范围会随市场波动加剧而变宽，随波动平缓而收窄。
用法
震荡回归： 在横盘行情中，价格触及通道边缘时，往往有回调至中轴的倾向。
ABS NR — Fail-Safe Confirm (v4.2.2)
# ABS NR — Fail-Safe Confirm (v4.2.2)
## What it is (quick take)
**ABS NR FS** is a **non-repainting “arm → confirm” entry framework** for intraday and swing execution. It blends:
* **Regime** (EMA stack + 60-min slope),
* **Location** (Keltner basis/edges),
* **Stretch** (session-anchored **VWAP Z-score**),
* **Momentum gating** (TSI cross/slope),
* **Guards** (session window, minimum ATR%, gap filter, optional market alignment).
You’ll see a **small dot** when a setup is **armed** (candidate) and a **triangle** when that setup **confirms** within a user-defined number of bars. A **gray “X”** marks a timeout (candidate canceled).
> Tip: This entry tool works best when paired with a trend context filter and a dedicated exit tool.
---
## How to use it (operational workflow)
1. **Read the regime**
* **Bull trend**: fast > slow > long EMA **and** 60-min slope up.
* **Bear trend**: fast < slow < long EMA **and** 60-min slope down.
* **Range**: neither bull nor bear.
2. **Wait for a candidate (dot)**
Two families:
* **Reclaim (trend-following):** price crosses the **KC basis** with acceptable |Z| (not overstretched) and passes the TSI gate.
* **Fade (range-revert):** price **pokes a KC band**, prints a **reversal wick**, |Z| is stretched, and TSI gate agrees.
3. **Trade the confirmation (triangle)**
The confirm must occur **within N bars** and follow your chosen **Confirm mode** logic (see Inputs). If confirmation doesn’t arrive in time, an **X** cancels the candidate.
4. **Use guards to avoid junk**
Session windows (US focus), minimum ATR%, gap guard, and optional **market alignment** (e.g., SPY above EMA20 for longs).
5. **Manage the position**
* Entries: take **triangles** in the direction of your playbook (reclaims with trend; fades in clean ranges).
* Filters and exits: use your own process or pair with a trend/exit companion.
---
## Visual semantics & alerts
* **Candidate L / S (dot)** → a setup armed on this bar.
* **CONFIRM L / S (triangle)** → actionable signal that met confirm rules within your time window.
* **Cancel L / S (X)** → candidate expired without confirmation; ignore the dot.
**Alerts (stable names for automation):**
* **ABS FS — Confirmed** → fires on confirmed long or short.
* **ABS FS — Candidate Armed** → fires as a candidate arms.
---
## Non-repainting behavior (why signals don’t repaint)
* All HTF requests use **lookahead\_off**.
* With **Strict NR = true**, the 60-min slope uses the **prior completed** 60-min bar and arming/confirming only occurs on confirmed bars.
* Confirmation triangles finalize on bar close.
* If you disable strictness, signals may appear slightly earlier but with more intrabar sensitivity.
---
## Inputs reference (what each control does and the trade-offs)
### A) Behavior / Modes
**Mode** (`Turbo / Aggressive / Balanced / Conservative`)
Changes multiple internal thresholds:
* **Turbo** → most signals; relaxes prior-bar break & VWAP-side checks and time/vol/gap guards. Highest frequency, highest noise.
* **Aggressive** → more signals than Balanced, fewer than Turbo.
* **Balanced** → default; steady trade-off of frequency vs. quality.
* **Conservative** → tightens |Z| and other checks; fewest but cleanest signals.
**Strict NR (bar close + prior HTF 60m)**
* **true** = safer: uses prior 60-min slope; arms/confirms on confirmed bars → **fewer/cleaner** signals.
* **false** = earlier and more reactive; slightly noisier.
---
### B) Keltner Channel (location engine)
* **KC EMA Length (`kcLen`)**
Higher → smoother basis (fewer basis crosses). Lower → snappier basis (more crosses).
* **ATR Length (`atrLen`)**
Higher → steadier band width; Lower → more reactive band width.
* **KC ATR Mult (`kcMult`)**
Higher → wider bands (fewer edge pokes → fewer fades). Lower → narrower (more fades).
---
### C) Trend & HTF slope
* **Trend EMA Fast/Slow/Long (`emaFastLen / emaSlowLen / emaLongLen`)**
Larger = slower regime flips (fewer reclaims); smaller = faster flips (more reclaims).
* **HTF EMA Len (60m) (`htfLen`)**
Larger = steadier HTF slope (fewer signals); smaller = more sensitive (more signals).
---
### D) VWAP Z-Score (stretch / mean-revert logic)
* **VWAP Z-Length (`zLen`)**
Window for Z over session-anchored VWAP distance. Larger = smoother |Z| (fewer fades/re-entries). Smaller = more reactive (more).
* **Range Fade |Z| (base) (`zFadeBase`)**
Minimum |Z| to allow **fades** in ranges. Raise to demand more stretch (fewer fades). Lower to take more fades.
* **Max |Z| Trend Re-entry (base) (`maxZTrendBase`)**
Caps how stretched price can be and still permit **reclaims** with trend. Lower = stricter (avoid chases). Higher = will chase further.
---
### E) TSI Momentum Gate
* **TSI Long/Short/Signal (`tsiLong / tsiShort / tsiSig`)**
Larger = smoother/laggier momentum; smaller = snappier.
* **TSI gate (`CrossOnly / CrossOrSlope / Off`)**
* **CrossOnly**: require TSI cross of its signal (strict).
* **CrossOrSlope**: cross *or* favorable slope (balanced default).
* **Off**: no momentum gate (most signals, most noise).
---
### F) Guards (filters to avoid low-quality tape)
* **US focus 09:35–10:30 & 14:00–15:45 (base) (`useTimeBase`)**
`true` limits to high-quality windows. `false` trades all session.
* **Skip N bars after 09:30 ET (`skipFirst`)**
Skips the open scramble. Larger = skip longer.
* **Min volatility ATR% (base)** = `useVolMinBase` + `atrPctMinBase`
Requires `ATR(10)/Close*100 ≥ atrPctMinBase`. Raise threshold to avoid dead tape; lower to accept quieter sessions.
* **Gap guard (base)** = `gapGuardBase` + `gapMul`
Blocks signals when the opening gap exceeds `gapMul * ATR`. Increase `gapMul` to allow more gapped opens; decrease to be stricter.
---
### G) Visuals & Sides
* **Plot Keltner (`plotKC`)** → show/hide basis & bands.
* **Show Longs / Show Shorts** → enable/disable each side.
---
### H) Fail-Safe Confirmation
* **Confirm mode (`BreakHighOnly / BreakHigh+Hold / TwoBarImpulse`)**
* **BreakHighOnly**: confirm by taking out the armed bar’s extreme. Fastest, most frequent.
* **BreakHigh+Hold**: must **break**, have **body ≥ X·ATR**, **and** hold above/below the basis → higher quality, fewer signals.
* **TwoBarImpulse**: decisive follow-through vs. prior bar with **body ≥ X·ATR** → momentum-biased confirmations.
* **Confirm within N bars (`confirmBars`)**
Confirmation window size. Smaller = faster validation; larger = more patience (can be later).
* **Impulse body ≥ X·ATR (`impulseBodyATR`)**
Raise for stronger confirmations (fewer weak triangles). Lower to accept lighter pushes.
* **Require market alignment (`needMarket`) + `marketTicker`**
When enabled: Longs require **market > EMA20 (5m)**; Shorts require **market < EMA20 (5m)**.
* **Diagnostics: Show debug letters (`debug`)**
Tiny “B/C” audit marks for base/confirm while tuning.
---
## Tuning recipes (quick, practical)
* **If you’re getting chopped:**
* Set **Mode = Conservative**
* **Confirm mode = BreakHigh+Hold**
* Raise **impulseBodyATR** (e.g., 0.45)
* Keep **needMarket = true**
* Keep **Strict NR = true**
* **If you need more signals:**
* **Mode = Aggressive** (or Turbo if you accept more noise)
* **Confirm mode = BreakHighOnly**
* Lower **impulseBodyATR** (0.25–0.30)
* Increase **confirmBars** to 3
* **Range-day focus (fades):**
* Keep session guard on
* Raise **zFadeBase** to demand real stretch
* Keep **maxZTrendBase** moderate (don’t chase)
* **Trend-day focus (reclaims):**
* Slightly **lower `maxZTrendBase`** (avoid chasing excessive stretch)
* Use **CrossOrSlope** TSI gating
* Consider turning **needMarket** on
---
## Best practices & notes
* **Instrument specificity:** Tune Z, TSI, and guards per symbol and timeframe.
* **Session awareness:** Session filter uses **exchange-local** time; adjust for non-US markets.
* **Automation:** Use the two provided alert names; they’re stable.
* **Risk management:** Confirmation improves quality but doesn’t remove risk. Always pre-define stop/size logic.
---
## Suggested starting point (balanced profile)
* **Mode = balanced**
* **Strict NR = true**
* **Confirm mode = BreakHigh+Hold**
* **confirmBars = 2**
* **impulseBodyATR ≈ 0.35**
* **needMarket = off** (turn on for extra confluence)
* Leave Keltner/TSI defaults; then nudge `zFadeBase` and `maxZTrendBase` to match your symbol.
---
*This tool is a signal generator, not a broker or strategy. Validate on your markets/timeframes and integrate with your risk plan.*
Rainbow Price Chart This indicator is a technical and on-chain analysis tool for Bitcoin, designed to help investors better understand the different phases of the market cycle and underlying sentiment. It directly overlays on the price chart (overlay=true).
Indicator Name: "Rainbow Price Chart & V/T Ratio Signals"
General Purpose:
It combines two popular methodologies for visualizing Bitcoin's value and sentiment: the classic "Rainbow Price Chart" and signals derived from the "Value per Transaction Ratio" (V/T Ratio) based on blockchain data. It is ideal for long-term investors looking for strategic entry/exit points.
Main Components:
Rainbow Price Chart:
Concept: Divides Bitcoin's price range into different market "sentiment zones" (e.g., "Bubble Zone," "FOMO Zone," "HODL Zone," "Accumulation Zone," "Buy Zone," "Fire Sale Zone") using colored bands. These bands are calculated as ascending and descending multiples of a base Exponential Moving Average (EMA), configurable by default to 200 periods.
Visualization: The zones are represented with transparent color fills on the price chart. A detailed legend in the top right corner of the chart explains the meaning of each color and sentiment zone.
Important Note: This type of chart is designed to be viewed and analyzed correctly on a logarithmic price scale. The indicator includes a visual reminder to activate this scale.
Value per Transaction (V/T) Ratio Signals:
Concept: Measures the average value per transaction on the Bitcoin blockchain by dividing the total transacted volume in USD by the number of transactions. This ratio is smoothed with an Exponential Moving Average (by default, 7 periods) and is framed within a dynamic Linear Regression Channel (LRC) based on standard deviation.
Signal Generation: Based on the position of the smoothed V/T Ratio within this LRC channel, the indicator generates signals directly on the price chart, such as:
"BOTTOM": Low price, V/T Ratio in the lower band of the LRC.
"SEMI-LOW" / "SEMI-HIGH": Intermediate phases within the channel.
"ATH" (All-Time High): Potentially overvalued price, V/T Ratio in the upper band of the LRC.
On-Chain Data: The indicator requests external daily on-chain data for total transacted volume (TVTVR) and number of transactions (NTRAN) from the Bitcoin blockchain.
Diagnostic Panes: Includes plots of the raw on-chain data (volume and number of transactions) in a separate pane, which are useful for debugging or verifying the data source. The lines for the V/T Ratio itself and its LRC channel are not plotted by default but can be activated in the code for deeper analysis.
Ideal for:
Bitcoin investors and "hodlers" who desire a visual tool that combines price-based market cycle context with fundamental signals derived from on-chain activity, to help identify key moments for accumulation or potential distribution.
Considerations:
Relies on the availability of external on-chain data (QUANDL:BCHAIN) within TradingView.
Functions best on a daily timeframe.
Range Channel by Atilla YurtsevenThis script creates a dynamic channel around a user-selected moving average (MA). It calculates the relative difference between price and the MA, then finds the average of the positive differences and the negative differences separately. Using these averages, it plots upper and lower bands around the MA as well as a histogram-like oscillator to show when price moves above or below the average thresholds.
How It Works
Moving Average Selection
The indicator allows you to choose among multiple MA types (SMA, EMA, WMA, Linear Regression, etc.). Depending on your preference, it calculates the chosen MA for the selected lookback period.
Relative Difference Calculation
It then computes the percentage difference between the source (typically the closing price) and the MA. (diff = (src / ma - 1) * 100)
Positive & Negative Averages
- Positive differences are averaged and represent how far the price typically moves above the MA.
- Negative differences are similarly averaged for when price moves below the MA.
Range Channel & Oscillator
- The channel is plotted around the MA using the average positive and negative differences (Upper Edge and Lower Edge).
- The “Untrended” histogram plots the difference (diff). Green bars occur when price is above the MA on average, and red bars when below. Two additional lines mark the upper and lower average thresholds on this histogram.
How to Use
Identify Overbought/Oversold Zones: The upper edge can serve as a dynamic overbought level, while the lower edge can suggest potential oversold conditions. When the histogram approaches or crosses these levels, it may signal price extremes relative to its average movement.
Trend Confirmation: Compare price action relative to the channel. If price and the histogram consistently remain above the MA and upper threshold, it could indicate a stronger bullish trend. If they remain below, it might signal a prolonged bearish trend.
Entry/Exit Timings:
- Entry: Traders can look for moments when price breaks back inside the channel from an extreme, anticipating a mean reversion.
- Exit: Watching how price interacts with these dynamic edges can help define stop-loss or take-profit points.
Because these thresholds adapt over time based on actual price behavior, they can be more responsive than fixed-percentage bands. However, like all indicators, it’s most effective when used in conjunction with other technical and fundamental tools.
Disclaimer
This script is provided for educational and informational purposes only. It does not guarantee any specific outcome or profit. Use it at your own discretion and risk.
Trade smart, stay safe.
Atilla Yurtseven
